Illinois Bank & Trust Mortgage Rates, Fees & Info

Rockford, IL

LEI: 54930027CDXLJ58XBO36

Tax ID: 36-1060280

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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)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Illinois Bank & Trust is a smaller bank specializing in Refi and Home Purchase loans. Illinois Bank & Trust has a high proportion of conventional loans. Their top two markets are Rockford and Chicago .

    Illinois Bank & Trust has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

    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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    Originations

    65

    Origination Dollar Volume (All Markets)

    $22,625,000

    Employee count

    118

    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
    ROCKFORD, IL (FHA|USDA|VA) 40 $17,390,000 $434,750 $0 0.00%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 6 $3,500,000 $583,333 $0 0.00%
    Outside of Metro Areas 19 $1,735,000 $91,316 $0 0.00%
    Illinois Bank & Trust's top markets include Rockford and Chicago among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 65 $22,625,000 $348,077 $0 0.00%

    For 2019, Illinois Bank & Trust's most frequently originated type of loan was Conventional, with 65 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 30 $12,240,000 $408,000 $0 0.00%
    Home Purchase 24 $8,950,000 $372,917 $0 0.00%
    Home Improvement 5 $315,000 $63,000 $0 0.00%
    Other 5 $915,000 $183,000 $0 0.00%
    Cash Out Refi 1 $205,000 $205,000 $0 0.00%

    For 2019, Illinois Bank & Trust's most frequently cited loan purpose was Refi, with 30 originations. The 2nd most popular reason was Home Purchase, with 24 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 65 $22,625,000 $348,077 $0 0.00%

    For 2019, Illinois Bank & Trust's most frequently cited loan duration was Other, with 65 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 32 $1,650,000 $51,563 $0 0.00%
    $100k-200k 11 $1,455,000 $132,273 $0 0.00%
    $400k-600k 7 $3,465,000 $495,000 $0 0.00%
    $200k-400k 6 $1,690,000 $281,667 $0 0.00%
    $1MM+ 5 $11,145,000 $2,229,000 $0 0.00%
    $600k-1MM 4 $3,220,000 $805,000 $0 0.00%

    2019 saw Illinois Bank & Trust place emphasis on $100,000 or less loans with 32 originations, totaling $1,650,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 6 $520,000 $86,667 $0 0.00%
    $50k or less 6 $390,000 $65,000 $0 0.00%
    $75k-100k 6 $390,000 $65,000 $0 0.00%
    $250k+ 4 $5,450,000 $1,362,500 $0 0.00%
    $50k-75k 4 $230,000 $57,500 $0 0.00%
    $150k-250k 3 $1,195,000 $398,333 $0 0.00%

    Illinois Bank & Trust lent most frequently to those with incomes in the $100k-150k range, with 6 originations. The second most popular income band? $50k or less, with 6 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 65 $22,625,000 $348,077 $0 0.00%

    Illinois Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 65 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 35 $14,275,000 $407,857 $0 0.00%
    White 22 $6,600,000 $300,000 $0 0.00%
    Not provided 7 $1,515,000 $216,429 $0 0.00%
    Black 1 $235,000 $235,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    88.00%

    Illinois Bank & Trust has an average approval rate.

    Pick Rate

    Approvals leading to origination
    83.08%

    Illinois Bank & Trust has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 65 $22,625,000 $348,077

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 26 $16,830,000 $647,308
    Single Family (1-4 Units):Manufactured 1 $45,000 $45,000
    Single Family (1-4 Units):Site-Built 38 $5,750,000 $151,316

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Illinois Bank & Trust 11655 U.S. 20 E. Stockton, IL 61085 Full Service B&M $32,781
    Illinois Bank & Trust 151 Main Street Elizabeth, IL 61028 Full Service B&M $27,977
    Illinois Bank & Trust 1515 West Lane Rd Machesney Park, IL 61115 Full Service B&M $19,408
    Illinois Bank & Trust 2625 Stowmarket Avenue Rockford, IL 61109 Full Service B&M $28,798
    Illinois Bank & Trust 400 South Main Street Galena, IL 61036 Limited, Drive-thru $8,456
    Illinois Bank & Trust 4048 East State Street Rockford, IL 61108 Full Service B&M $43,664
    Illinois Bank & Trust 6855 East Riverside Boulevard Rockford, IL 61114 Full Service B&M $453,452
    Illinois Bank & Trust 971 Gear Street Galena, IL 61036 Limited, Mobile/Seasonal Office $0
    Illinois Bank & Trust 971 Gear Street Galena, IL 61036 Full Service B&M $155,040

    For 2019, Illinois Bank & Trust had 9 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $32,303
    Net interest income $27,945
    Total noninterest income $8,009
    Gross Fiduciary activities income $947
    Service charges on deposit accounts $2,165
    Trading account gains and fees $0
    Additional Noninterest Income $4,897
    Pre-tax net operating income $10,034
    Securities gains (or losses, -) $308
    Income before extraordinary items $8,347
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $8,347
    Minority interest net income $0
    Net income $8,347
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $8,097

    Illinois Bank & Trust's gross interest income from loans was $32,303,000.
    Illinois Bank & Trust's net interest income from loans was $27,945,000.
    Illinois Bank & Trust's fee based income from loans was $2,165,000.
    Illinois Bank & Trust's net income from loans was $8,347,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,358
    Provision for credit losses $664
    Total noninterest expense $25,256
    Salaries and employee benefits $7,939
    Premises and equipment expense $2,239
    Additional noninterest expense $15,078
    Applicable income taxes $1,995
    Net charge-offs $190
    Cash dividends $1,000

    Illinois Bank & Trust's interest expense for loans was $4,358,000.
    Illinois Bank & Trust's payroll and benefits expense were $7,939,000.
    Illinois Bank & Trust's property, plant and equipment expenses $2,239,000.

    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 $1,167,905
    Deposits held in domestic offices $1,167,905
    Deposits by Individuals, partnerships, and corporations $1,052,368
    Deposits by U.S. Government $9
    Deposits by States and political subdivisions in the U.S. $93,088
    Deposits by Commercial banks and other depository institutions in U.S. $22,440
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $231,725
    Demand deposits $228,611
    Nontransaction accounts $936,180
    Money market deposit accounts (MMDAs) $556,954
    Other savings deposits (excluding MMDAs) $194,589
    Total time deposits $184,637
    Total time and savings deposits $939,294
    Noninterest-bearing deposits $335,657
    Interest-bearing deposits $832,248
    Retail deposits $1,131,338
    IRAs and Keogh plan accounts $25,667
    Brokered deposits $12,440
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,301,172
    Cash & Balances due from depository institutions $30,943
    Interest-bearing balances $11,178
    Total securities $316,406
    Federal funds sold & reverse repurchase $14,600
    Net loans and leases $874,088
    Loan and leases loss allowance $4,658
    Trading account assets $1,562
    Bank premises and fixed assets $15,756
    Other real estate owned $2,417
    Goodwill and other intangibles $21,078
    All other assets $24,322

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,301,172
    Total Liabilities $1,176,721
    Total deposits $1,167,905
    Interest-bearing deposits $832,248
    Deposits held in domestic offices $1,167,905
    % insured (estimated) $91
    Federal funds purchased and repurchase agreements $1,228
    Trading liabilities $1,562
    Other borrowed funds $997
    Subordinated debt $0
    All other liabilities $5,029

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $874,088
    Loan and leases loss allowance $4,658
    Total loans and leases (domestic) $878,746
    All real estate loans $551,539
    Real estate loans in domestic offices $551,539
    Construction and development loans $61,172
    Residential 1-4 family construction $6,738
    Other construction, all land development and other land $54,434
    Loans secured by nonfarm nonresidential properties $295,289
    Nonfarm nonresidential secured by owner-occupied properties $153,893
    Commercial real estate & other non-farm, non-residential $141,396
    Multifamily residential real estate $40,466
    1-4 family residential loans $141,469
    Farmland loans $13,143
    Loans held in foreign offices $0
    Farm loans $2,365
    Commercial and industrial loans $242,337
    To non-U.S. addressees $0
    Loans to individuals $17,888
    Credit card loans $491
    Related Plans $7,223
    Consumer Auto Loans $7,230
    Other loans to individuals $2,944
    All other loans & leases $65,654
    Loans to foreign governments and official institutions $0
    Other loans $178
    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 $127
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Illinois Bank & Trust had $874,088,000 of loans outstanding in 2019. $551,539,000 of loans were in real estate loans. $61,172,000 of loans were in development loans. $40,466,000 of loans were in multifamily mortgage loans. $141,469,000 of loans were in 1-4 family mortgage loans. $2,365,000 of loans were in farm loans. $491,000 of loans were in credit card loans. $7,230,000 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 317 $60,071 $189,498
    Nonfarm, nonresidential loans - <$100k 74 $2,782 $37,595
    Nonfarm, nonresidential loans - $100-250k 104 $11,402 $109,635
    Nonfarm, nonresidential loans - $250k-1MM 139 $45,887 $330,122
    Commercial & Industrial, US addressed loans - <$1MM 888 $84,156 $94,770
    Commercial & Industrial, US addressed loans - <$100k 437 $9,100 $20,824
    Commercial & Industrial, US addressed loans - $100-250k 198 $17,443 $88,096
    Commercial & Industrial, US addressed loans - $250k-1MM 253 $57,613 $227,719
    Farmland loans - <$1MM 55 $7,583 $137,873
    Farmland loans - <$100k 10 $474 $47,400
    Farmland loans - $100-250k 33 $4,482 $135,818
    Farmland loans - $250k-1MM 12 $2,627 $218,917
    Agriculture operations loans - <$1MM 75 $2,365 $31,533
    Agriculture operations loans - <$100k 64 $1,112 $17,375
    Agriculture operations loans - $100-250k 8 $721 $90,125
    Agriculture operations loans - $250k-1MM 3 $532 $177,333