Illinois Bank & Trust Mortgage Rates, Fees & Info

Rockford, IL

LEI: 54930027CDXLJ58XBO36

Tax ID: 36-1060280

Latest/2022 | 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)

    • 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 loans. Illinois Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include: Rockford, Tampa, Chicago, Janesville, and North Port among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)

    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

    189

    Origination Dollar Volume (All Markets)

    $49,525,000

    Employee count

    88

    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) 144 $27,060,000 $187,917 $429 3.01%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $9,915,000 $9,915,000 $0 3.75%
    Outside of Metro Areas 29 $3,595,000 $123,966 $617 2.71%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 6 $3,200,000 $533,333 $1,328 2.96%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 1 $1,655,000 $1,655,000 $0 3.50%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $1,605,000 $1,605,000 $0 3.13%
    Whitewater, WI (FHA|USDA|VA) 1 $1,045,000 $1,045,000 $2,616 2.50%
    GREEN BAY, WI (FHA|USDA|VA) 1 $625,000 $625,000 $1,820 2.50%
    Rochelle, IL (FHA|USDA|VA) 1 $395,000 $395,000 $1,076 2.50%
    Freeport, IL (FHA|USDA|VA) 1 $145,000 $145,000 $696 2.50%
    Ottawa, IL (FHA|USDA|VA) 1 $125,000 $125,000 $0 4.75%
    DUBUQUE, IA (FHA|USDA|VA) 1 $125,000 $125,000 $0 4.25%
    Platteville, WI (FHA|USDA|VA) 1 $35,000 $35,000 $303 3.40%
    Illinois Bank & Trust's top markets include Rockford, Tampa, Chicago, Janesville, and North Port among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 189 $49,525,000 $262,037 $521 2.97%

    For 2021, Illinois Bank & Trust's most frequently originated type of loan was Conventional, with 189 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 139 $37,125,000 $267,086 $504 2.84%
    Home Purchase 24 $9,670,000 $402,917 $721 3.89%
    Other 13 $745,000 $57,308 $320 2.81%
    Home Improvement 11 $825,000 $75,000 $309 2.77%
    Cash Out Refi 2 $1,160,000 $580,000 $3,793 3.06%

    For 2021, Illinois Bank & Trust's most frequently cited loan purpose was Refi, with 139 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
    15 Year 111 $18,845,000 $169,775 $573 2.69%
    5 Year 35 $10,855,000 $310,143 $290 3.70%
    10 Year 30 $4,430,000 $147,667 $396 2.80%
    Other 13 $15,395,000 $1,184,231 $308 3.82%

    For 2021, Illinois Bank & Trust's most frequently cited loan duration was 15 Year, with 111 originations. The 2nd most popular length was 5 Year, with 35 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 144 $19,390,000 $134,653
    $1k-2k 1 $595,000 $595,000
    $2k-3k 1 $565,000 $565,000

    Illinois Bank & Trust's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 144 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    <2.5% 104 $15,750,000 $151,442
    3-4% 41 $25,995,000 $634,024
    2.5-3% 30 $3,280,000 $109,333
    4-5% 13 $4,465,000 $343,462
    5-6% 1 $35,000 $35,000

    During 2021, Illinois Bank & Trust's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was <2.5%, with 104 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 97 $5,295,000 $54,588 $274 2.91%
    $100k-200k 44 $6,280,000 $142,727 $639 2.86%
    $200k-400k 25 $7,405,000 $296,200 $701 3.00%
    $400k-600k 10 $5,010,000 $501,000 $2,897 3.56%
    $1MM+ 9 $22,485,000 $2,498,333 $2,682 3.43%
    $600k-1MM 4 $3,050,000 $762,500 $1,437 3.03%

    2021 saw Illinois Bank & Trust place emphasis on $100,000 or less loans with 97 originations, totaling $5,295,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 33 $3,575,000 $108,333 $461 2.76%
    $50k or less 26 $1,430,000 $55,000 $340 2.87%
    $150k-250k 24 $4,310,000 $179,583 $561 2.90%
    $75k-100k 23 $1,665,000 $72,391 $375 2.58%
    $250k+ 20 $8,830,000 $441,500 $1,285 2.89%
    $50k-75k 15 $1,175,000 $78,333 $374 2.59%

    Illinois Bank & Trust lent most frequently to those with incomes in the $100k-150k range, with 33 originations. The second most popular income band? $50k or less, with 26 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 41 $6,515,000 $158,902 $532 2.61%
    20-30% 41 $5,205,000 $126,951 $482 2.62%
    30-36% 26 $4,670,000 $179,615 $597 2.73%
    39% 5 $545,000 $109,000 $405 2.81%
    38% 5 $615,000 $123,000 $493 2.58%
    40% 5 $365,000 $73,000 $385 2.84%
    42% 4 $320,000 $80,000 $406 2.83%
    41% 4 $250,000 $62,500 $412 2.98%
    37% 4 $340,000 $85,000 $312 3.19%
    >60% 3 $1,855,000 $618,333 $1,420 2.67%
    36% 1 $45,000 $45,000 $604 4.40%
    43% 1 $305,000 $305,000 $760 2.90%
    50-60% 1 $55,000 $55,000 $278 2.50%

    Illinois Bank & Trust lent most frequently to those with DTI ratios of <20%, with 41 originations. The next most common DTI ratio? 20-30%, with 41 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 31 $25,375,000 $818,548 $0 3.88%
    White 123 $17,925,000 $145,732 $496 2.86%
    Not provided 30 $5,700,000 $190,000 $648 2.58%
    Korean 1 $235,000 $235,000 $420 2.50%
    Other Pacific Islander 1 $145,000 $145,000 $574 2.50%
    Asian 1 $75,000 $75,000 $303 2.90%
    Guamanian 1 $35,000 $35,000 $238 2.50%
    Asian Indian 1 $35,000 $35,000 $228 2.50%

    Approval Rates

    Total approvals of all applications
    79.85%

    Illinois Bank & Trust has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    88.89%

    Illinois Bank & Trust has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 189 $49,525,000 $262,037

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    189 $49,525,000 $262,037

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 44 $4,470,000 $101,591 $393 2.78%
    40-60% 46 $9,020,000 $196,087 $427 2.94%
    60-80% 67 $31,505,000 $470,224 $678 3.09%
    80-100% 16 $3,930,000 $245,625 $1,180 3.38%
    Under 20% 16 $600,000 $37,500 $292 2.71%

    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 $35,898
    Illinois Bank & Trust 151 Main Street Elizabeth, IL 61028 Full Service B&M $33,649
    Illinois Bank & Trust 1515 West Lane Rd Machesney Park, IL 61115 Full Service B&M $23,623
    Illinois Bank & Trust 2625 Stowmarket Avenue Rockford, IL 61109 Full Service B&M $36,775
    Illinois Bank & Trust 308 W. State Street Suite 100 Rockford, IL 61101 Full Service B&M $54,427
    Illinois Bank & Trust 400 South Main Street Galena, IL 61036 Limited, Drive-thru $24,690
    Illinois Bank & Trust 4571 Guilford Rd Rockford, IL 61107 Full Service B&M $375,172
    Illinois Bank & Trust 6855 E Riverside Blvd Rockford, IL 61114 Full Service B&M $757,037
    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 $170,835

    For 2021, Illinois Bank & Trust had 10 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $49,295
    Net interest income $48,295
    Total noninterest income $10,050
    Gross Fiduciary activities income $1,857
    Service charges on deposit accounts $2,784
    Trading account gains and fees $0
    Additional Noninterest Income $5,409
    Pre-tax net operating income $27,199
    Securities gains (or losses, -) $630
    Income before extraordinary items $21,818
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $21,818
    Minority interest net income $0
    Net income $21,818
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $21,320

    Illinois Bank & Trust's gross interest income from loans was $49,295,000.
    Illinois Bank & Trust's net interest income from loans was $48,295,000.
    Illinois Bank & Trust's fee based income from loans was $2,784,000.
    Illinois Bank & Trust's net income from loans was $21,818,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,000
    Provision for credit losses $-3,019
    Total noninterest expense $34,165
    Salaries and employee benefits $8,737
    Premises and equipment expense $2,424
    Additional noninterest expense $23,004
    Applicable income taxes $6,011
    Net charge-offs $24
    Cash dividends $17,000

    Illinois Bank & Trust's interest expense for loans was $1,000,000.
    Illinois Bank & Trust's payroll and benefits expense were $8,737,000.
    Illinois Bank & Trust's property, plant and equipment expenses $2,424,000.

    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 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.8%
    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 $1,496,262
    Deposits held in domestic offices $1,496,262
    Deposits by Individuals, partnerships, and corporations $1,371,940
    Deposits by U.S. Government $14
    Deposits by States and political subdivisions in the U.S. $124,308
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $340,816
    Demand deposits $293,192
    Nontransaction accounts $1,155,446
    Money market deposit accounts (MMDAs) $952,803
    Other savings deposits (excluding MMDAs) $129,307
    Total time deposits $73,336
    Total time and savings deposits $1,203,070
    Noninterest-bearing deposits $591,460
    Interest-bearing deposits $904,802
    Retail deposits $1,483,901
    IRAs and Keogh plan accounts $20,680
    Brokered deposits $35,001
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,686,959
    Cash & Balances due from depository institutions $16,356
    Interest-bearing balances $4,770
    Total securities $773,432
    Federal funds sold & reverse repurchase $0
    Net loans and leases $830,837
    Loan and leases loss allowance $7,828
    Trading account assets $1,687
    Bank premises and fixed assets $14,120
    Other real estate owned $804
    Goodwill and other intangibles $20,275
    All other assets $29,448

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,686,959
    Total Liabilities $1,541,907
    Total deposits $1,496,262
    Interest-bearing deposits $904,802
    Deposits held in domestic offices $1,496,262
    % insured (estimated) $82
    Federal funds purchased and repurchase agreements $37,325
    Trading liabilities $1,687
    Other borrowed funds $1,183
    Subordinated debt $0
    All other liabilities $5,450

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $830,837
    Loan and leases loss allowance $7,828
    Total loans and leases (domestic) $838,665
    All real estate loans $526,317
    Real estate loans in domestic offices $526,317
    Construction and development loans $34,782
    Residential 1-4 family construction $2,980
    Other construction, all land development and other land $31,802
    Loans secured by nonfarm nonresidential properties $340,060
    Nonfarm nonresidential secured by owner-occupied properties $186,825
    Commercial real estate & other non-farm, non-residential $153,235
    Multifamily residential real estate $33,018
    1-4 family residential loans $104,814
    Farmland loans $13,643
    Loans held in foreign offices $0
    Farm loans $8,306
    Commercial and industrial loans $226,647
    To non-U.S. addressees $0
    Loans to individuals $12,130
    Credit card loans $527
    Related Plans $4,394
    Consumer Auto Loans $3,867
    Other loans to individuals $3,342
    All other loans & leases $65,265
    Loans to foreign governments and official institutions $0
    Other loans $254
    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 $55
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Illinois Bank & Trust had $830,837,000 of loans outstanding in 2021. $526,317,000 of loans were in real estate loans. $34,782,000 of loans were in development loans. $33,018,000 of loans were in multifamily mortgage loans. $104,814,000 of loans were in 1-4 family mortgage loans. $8,306,000 of loans were in farm loans. $527,000 of loans were in credit card loans. $3,867,000 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 315 $70,619 $224,187
    Nonfarm, nonresidential loans - <$100k 67 $2,350 $35,075
    Nonfarm, nonresidential loans - $100-250k 106 $12,666 $119,491
    Nonfarm, nonresidential loans - $250k-1MM 142 $55,603 $391,570
    Commercial & Industrial, US addressed loans - <$1MM 829 $72,109 $86,983
    Commercial & Industrial, US addressed loans - <$100k 411 $7,053 $17,161
    Commercial & Industrial, US addressed loans - $100-250k 196 $17,065 $87,066
    Commercial & Industrial, US addressed loans - $250k-1MM 222 $47,991 $216,176
    Farmland loans - <$1MM 42 $4,633 $110,310
    Farmland loans - <$100k 12 $396 $33,000
    Farmland loans - $100-250k 21 $2,343 $111,571
    Farmland loans - $250k-1MM 9 $1,894 $210,444
    Agriculture operations loans - <$1MM 54 $1,651 $30,574
    Agriculture operations loans - <$100k 45 $422 $9,378
    Agriculture operations loans - $100-250k 7 $669 $95,571
    Agriculture operations loans - $250k-1MM 2 $560 $280,000