Old Plank Trail Community Bank Mortgage Rates, Fees & Info

Rosemont, IL

LEI: 54930010ZG6EHTCJ1L21

Tax ID: 20-4226060

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Old Plank Trail Community Bank is a smaller bank specializing in Refi and Home Purchase loans. Old Plank Trail Community Bank has a high proportion of conventional loans. Their top two markets are Chicago and Michigan City .

    Old Plank Trail Community Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

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    Originations

    31

    Origination Dollar Volume (All Markets)

    $8,745,000

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 30 $8,130,000 $271,000 $0 0.00%
    MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 1 $615,000 $615,000 $0 0.00%
    Old Plank Trail Community Bank's top markets include Chicago and Michigan City among others.

    Their top states include:
  • Illinois (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 31 $8,745,000 $282,097 $0 0.00%

    For 2018, Old Plank Trail Community Bank's most frequently originated type of loan was Conventional, with 31 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 16 $5,300,000 $331,250 $0 0.00%
    Home Purchase 14 $3,270,000 $233,571 $0 0.00%
    Cash Out Refi 1 $175,000 $175,000 $0 0.00%

    For 2018, Old Plank Trail Community Bank's most frequently cited loan purpose was Refi, with 16 originations. The 2nd most popular reason was Home Purchase, with 14 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 31 $8,745,000 $282,097 $0 0.00%

    For 2018, Old Plank Trail Community Bank's most frequently cited loan duration was Other, with 31 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 9 $605,000 $67,222 $0 0.00%
    $100k-200k 9 $1,315,000 $146,111 $0 0.00%
    $200k-400k 6 $1,880,000 $313,333 $0 0.00%
    $400k-600k 3 $1,615,000 $538,333 $0 0.00%
    $600k-1MM 3 $2,025,000 $675,000 $0 0.00%
    $1MM+ 1 $1,305,000 $1,305,000 $0 0.00%

    2018 saw Old Plank Trail Community Bank place emphasis on $100,000 or less loans with 9 originations, totaling $605,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 10 $1,300,000 $130,000 $0 0.00%
    $150k-250k 4 $1,710,000 $427,500 $0 0.00%
    $100k-150k 3 $355,000 $118,333 $0 0.00%
    $250k+ 2 $950,000 $475,000 $0 0.00%
    $75k-100k 1 $145,000 $145,000 $0 0.00%

    Old Plank Trail Community Bank lent most frequently to those with incomes in the $50k-75k range, with 10 originations. The second most popular income band? $150k-250k, with 4 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 31 $8,745,000 $282,097 $0 0.00%

    Old Plank Trail Community Bank lent most frequently to those with DTI ratios of Exempt%, with 31 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 16 $5,100,000 $318,750 $0 0.00%
    Not applicable 8 $2,520,000 $315,000 $0 0.00%
    Black 7 $1,125,000 $160,714 $0 0.00%

    Approval Rates

    Total approvals of all applications
    100.00%

    Old Plank Trail Community Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    70.97%

    Old Plank Trail Community Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 31 $8,745,000 $282,097

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 7 $3,755,000 $536,429
    Single Family (1-4 Units):Site-Built 24 $4,990,000 $207,917