Bank Of Pontiac Mortgage Rates, Fees & Info
Pontiac, ILLEI: 5493000KJ6VEEFTSNI20
Tax ID: 37-1114524
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Bank Data
Review & Overview
Bank Of Pontiac is a smaller bank specializing in various types of mortgages.We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 4/28/24 |
| 30 Year Conventional Purchase | 6.91% | 4/28/24 |
| 30 Year Conventional Refi | 6.55% | 4/28/24 |
| 30 Year Cash-out Refi | 6.84% | 4/28/24 |
| 30 Year USDA Purchase | 7.59% | 4/28/24 |
| 15 Year Conventional Purchase | 6.61% | 4/28/24 |
| 15 Year Conventional Refi | 6.37% | 4/28/24 |
| 15 Year Cash-out Refi | 6.37% | 4/28/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Bank Of Pontiac Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
0Origination Dollar Volume (All Markets)
$0Employee count
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Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| BANK OF THE WEST | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 4 | 14.8% |
| BANK OF THE WEST | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 3.7% |
| BANK OF THE WEST | Other type of mortgage | Trouble during payment process | 3 | 11.1% |
| BANK OF THE WEST | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 3.7% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Trouble during payment process | 5 | 18.5% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 1 | 3.7% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Incorrect information on your report | 2 | 7.4% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 1 | 3.7% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 4 | 14.8% |
| BANK OF THE WEST | FHA mortgage | Closing on a mortgage | 1 | 3.7% |
| BANK OF THE WEST | Conventional home mortgage | Trouble during payment process | 1 | 3.7% |
| BANK OF THE WEST | Conventional home mortgage | Struggling to pay mortgage | 1 | 3.7% |
| BANK OF THE WEST | Conventional home mortgage | Closing on a mortgage | 2 | 7.4% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Bank of Pontiac | 101 East Oak Street Fairbury, IL 61739 | Limited, Drive-thru | $0 |
| Bank of Pontiac | 104 East Locust Street Fairbury, IL 61739 | Full Service B&M | $74,778 |
| Bank of Pontiac | 132 East Main Dwight, IL 60420 | Full Service B&M | $31,827 |
| Bank of Pontiac | 1703 West Reynolds Street Pontiac, IL 61764 | Full Service B&M | $9,707 |
| Bank of Pontiac | 200 South Waupansie Odell, IL 60460 | Full Service B&M | $18,898 |
| Bank of Pontiac | 300 West Washington Street Pontiac, IL 61764 | Full Service B&M | $312,811 |
| Bank of Pontiac | 500 South Center Street Forrest, IL 61741 | Full Service B&M | $8,816 |
| Bank of Pontiac | 85 South Broadway Coal City, IL 60416 | Full Service B&M | $1,924 |
| Bank of Pontiac | East Chippewa And Franklin Dwight, IL 60420 | Limited, Drive-thru | $0 |
For 2018, Bank Of Pontiac had 9 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $21,791 |
| Net interest income | $19,061 |
| Total noninterest income | $2,967 |
| Gross Fiduciary activities income | $654 |
| Service charges on deposit accounts | $608 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $1,705 |
| Pre-tax net operating income | $8,687 |
| Securities gains (or losses, -) | $-51 |
| Income before extraordinary items | $6,534 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $6,534 |
| Minority interest net income | $0 |
| Net income | $6,534 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $6,574 |
Bank Of Pontiac's gross interest income from loans was $21,791,000.
Bank Of Pontiac's net interest income from loans was $19,061,000.
Bank Of Pontiac's fee based income from loans was $608,000.
Bank Of Pontiac's net income from loans was $6,534,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $2,730 |
| Provision for credit losses | $990 |
| Total noninterest expense | $12,351 |
| Salaries and employee benefits | $7,171 |
| Premises and equipment expense | $1,501 |
| Additional noninterest expense | $3,679 |
| Applicable income taxes | $2,102 |
| Net charge-offs | $519 |
| Cash dividends | $3,000 |
Bank Of Pontiac's interest expense for loans was $2,730,000.
Bank Of Pontiac's payroll and benefits expense were $7,171,000.
Bank Of Pontiac's property, plant and equipment expenses $1,501,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 0.0% |
| Real Estate loans | 0.0% |
| Construction & Land Development loans | 0.0% |
| Nonfarm, nonresidential loans | 0.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 1.0% |
| HELOC loans | 0.0% |
| All other family | 1.0% |
| Commercial & industrial loans | 0.0% |
| Personal loans | 0.0% |
| Credit card loans | 0.0% |
| Other individual loans | 0.0% |
| Auto loans | 0.0% |
| Other consumer loans | 0.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $469,750 |
| Deposits held in domestic offices | $469,750 |
| Deposits by Individuals, partnerships, and corporations | $401,342 |
| Deposits by U.S. Government | $1 |
| Deposits by States and political subdivisions in the U.S. | $68,169 |
| Deposits by Commercial banks and other depository institutions in U.S. | $238 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $172,162 |
| Demand deposits | $85,185 |
| Nontransaction accounts | $297,588 |
| Money market deposit accounts (MMDAs) | $111,251 |
| Other savings deposits (excluding MMDAs) | $47,018 |
| Total time deposits | $139,319 |
| Total time and savings deposits | $384,565 |
| Noninterest-bearing deposits | $85,185 |
| Interest-bearing deposits | $384,565 |
| Retail deposits | $424,474 |
| IRAs and Keogh plan accounts | $17,257 |
| Brokered deposits | $28,777 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $547,164 |
| Cash & Balances due from depository institutions | $34,102 |
| Interest-bearing balances | $22,980 |
| Total securities | $76,973 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $412,581 |
| Loan and leases loss allowance | $4,367 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $4,588 |
| Other real estate owned | $1,260 |
| Goodwill and other intangibles | $1,962 |
| All other assets | $15,698 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $547,164 |
| Total Liabilities | $478,808 |
| Total deposits | $469,750 |
| Interest-bearing deposits | $384,565 |
| Deposits held in domestic offices | $469,750 |
| % insured (estimated) | $76 |
| Federal funds purchased and repurchase agreements | $3,950 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $5,108 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $412,581 |
| Loan and leases loss allowance | $4,367 |
| Total loans and leases (domestic) | $416,948 |
| All real estate loans | $295,526 |
| Real estate loans in domestic offices | $295,526 |
| Construction and development loans | $9,629 |
| Residential 1-4 family construction | $2,787 |
| Other construction, all land development and other land | $6,842 |
| Loans secured by nonfarm nonresidential properties | $90,632 |
| Nonfarm nonresidential secured by owner-occupied properties | $52,122 |
| Commercial real estate & other non-farm, non-residential | $38,510 |
| Multifamily residential real estate | $6,229 |
| 1-4 family residential loans | $136,437 |
| Farmland loans | $52,599 |
| Loans held in foreign offices | $0 |
| Farm loans | $35,865 |
| Commercial and industrial loans | $60,776 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $24,836 |
| Credit card loans | $0 |
| Related Plans | $82 |
| Consumer Auto Loans | $13,700 |
| Other loans to individuals | $11,054 |
| All other loans & leases | $137 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $137 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $0 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $2,596 |
| Non 1-4 family restructured loans & leases | $138 |
| Total loans and leases (foreign) | $0 |
Bank of Pontiac had $412,581,000 of loans outstanding in 2018. $295,526,000 of loans were in real estate loans. $9,629,000 of loans were in development loans. $6,229,000 of loans were in multifamily mortgage loans. $136,437,000 of loans were in 1-4 family mortgage loans. $35,865,000 of loans were in farm loans. $0 of loans were in credit card loans. $13,700,000 of loans were in the auto loan category.
Small Business Loans
| Categorization | # of Loans in Category | $ amount of loans (in 000's) | Average $/loan |
|---|---|---|---|
| Nonfarm, nonresidential loans - <$1MM | 82 | $12,996 | $158,488 |
| Nonfarm, nonresidential loans - <$100k | 31 | $1,473 | $47,516 |
| Nonfarm, nonresidential loans - $100-250k | 34 | $3,968 | $116,706 |
| Nonfarm, nonresidential loans - $250k-1MM | 17 | $7,555 | $444,412 |
| Commercial & Industrial, US addressed loans - <$1MM | 449 | $23,119 | $51,490 |
| Commercial & Industrial, US addressed loans - <$100k | 344 | $8,505 | $24,724 |
| Commercial & Industrial, US addressed loans - $100-250k | 84 | $8,766 | $104,357 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 21 | $5,848 | $278,476 |
| Farmland loans - <$1MM | 221 | $34,865 | $157,760 |
| Farmland loans - <$100k | 55 | $2,920 | $53,091 |
| Farmland loans - $100-250k | 97 | $11,565 | $119,227 |
| Farmland loans - $250k-1MM | 69 | $20,380 | $295,362 |
| Agriculture operations loans - <$1MM | 330 | $23,497 | $71,203 |
| Agriculture operations loans - <$100k | 214 | $5,463 | $25,528 |
| Agriculture operations loans - $100-250k | 75 | $7,732 | $103,093 |
| Agriculture operations loans - $250k-1MM | 41 | $10,302 | $251,268 |