Old Plank Trail Community Bank Mortgage Rates, Fees & Info

Rosemont, IL

LEI: 54930010ZG6EHTCJ1L21

Tax ID: 20-4226060

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Mortgage Data

Review & Overview

Old Plank Trail Community Bank is a smaller bank specializing in Home Purchase and Refi loans. Old Plank Trail Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, Charleston, and Milwaukee among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)

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

62

Origination Dollar Volume (All Markets)

$17,570,000

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) 60 $16,730,000 $278,833 $0 0.00%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $495,000 $495,000 $0 0.00%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $345,000 $345,000 $0 0.00%
Old Plank Trail Community Bank's top markets include Chicago, Charleston, and Milwaukee among others.

Their top states include:
  • Illinois (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 62 $17,570,000 $283,387 $0 0.00%

    For 2019, Old Plank Trail Community Bank's most frequently originated type of loan was Conventional, with 62 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 28 $8,400,000 $300,000 $0 0.00%
    Refi 27 $6,515,000 $241,296 $0 0.00%
    Home Improvement 4 $1,230,000 $307,500 $0 0.00%
    Cash Out Refi 2 $1,400,000 $700,000 $0 0.00%
    Other 1 $25,000 $25,000 $0 0.00%

    For 2019, Old Plank Trail Community Bank's most frequently cited loan purpose was Home Purchase, with 28 originations. The 2nd most popular reason was Refi, with 27 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 62 $17,570,000 $283,387 $0 0.00%

    For 2019, Old Plank Trail Community Bank's most frequently cited loan duration was Other, with 62 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 17 $2,365,000 $139,118 $0 0.00%
    $100,000 or less 16 $920,000 $57,500 $0 0.00%
    $200k-400k 13 $4,155,000 $319,615 $0 0.00%
    $600k-1MM 8 $5,740,000 $717,500 $0 0.00%
    $400k-600k 7 $3,385,000 $483,571 $0 0.00%
    $1MM+ 1 $1,005,000 $1,005,000 $0 0.00%

    2019 saw Old Plank Trail Community Bank place emphasis on $100k-200k loans with 17 originations, totaling $2,365,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 9 $705,000 $78,333 $0 0.00%
    $150k-250k 6 $2,650,000 $441,667 $0 0.00%
    $50k-75k 5 $695,000 $139,000 $0 0.00%
    $100k-150k 3 $665,000 $221,667 $0 0.00%
    $250k+ 3 $1,215,000 $405,000 $0 0.00%
    $75k-100k 1 $115,000 $115,000 $0 0.00%

    Old Plank Trail Community Bank lent most frequently to those with incomes in the $50k or less range, with 9 originations. The second most popular income band? $150k-250k, with 6 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 62 $17,570,000 $283,387 $0 0.00%

    Old Plank Trail Community Bank lent most frequently to those with DTI ratios of Exempt%, with 62 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 32 $10,490,000 $327,813 $0 0.00%
    White 17 $5,125,000 $301,471 $0 0.00%
    Black 12 $1,710,000 $142,500 $0 0.00%
    Asian 1 $245,000 $245,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.36%

    Old Plank Trail Community Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.26%

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

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 62 $17,570,000 $283,387

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 24 $10,260,000 $427,500
    Single Family (1-4 Units):Site-Built 38 $7,310,000 $192,368