Blackhawk Bank & Trust Mortgage Rates, Fees & Info

Milan, IL

LEI: 5493002L7I6EYKW3NG91

Tax ID: 36-2463577

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    Blackhawk Bank & Trust is a smaller bank specializing in Home Purchase and Refi loans. Blackhawk Bank & Trust has a high proportion of conventional loans. Their top (well, only) market is Davenport.

    Blackhawk 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.

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    Originations

    233

    Origination Dollar Volume (All Markets)

    $32,895,000

    Employee count

    223

    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
    DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 222 $28,240,000 $127,207 $0 0.00%
    Outside of Metro Areas 11 $4,655,000 $423,182 $0 0.00%
    Blackhawk Bank & Trust's top markets include and Davenport among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 233 $32,895,000 $141,180 $0 0.00%

    For 2018, Blackhawk Bank & Trust's most frequently originated type of loan was Conventional, with 233 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 125 $17,675,000 $141,400 $0 0.00%
    Cash Out Refi 49 $5,755,000 $117,449 $0 0.00%
    Refi 47 $8,825,000 $187,766 $0 0.00%
    Home Improvement 9 $575,000 $63,889 $0 0.00%
    Other 3 $65,000 $21,667 $0 0.00%

    For 2018, Blackhawk Bank & Trust's most frequently cited loan purpose was Home Purchase, with 125 originations. The 2nd most popular reason was Cash Out Refi, with 49 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 233 $32,895,000 $141,180 $0 0.00%

    For 2018, Blackhawk Bank & Trust's most frequently cited loan duration was Other, with 233 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 147 $8,375,000 $56,973 $0 0.00%
    $100k-200k 51 $7,025,000 $137,745 $0 0.00%
    $200k-400k 23 $6,565,000 $285,435 $0 0.00%
    $400k-600k 5 $2,285,000 $457,000 $0 0.00%
    $1MM+ 4 $6,230,000 $1,557,500 $0 0.00%
    $600k-1MM 3 $2,415,000 $805,000 $0 0.00%

    2018 saw Blackhawk Bank & Trust place emphasis on $100,000 or less loans with 147 originations, totaling $8,375,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 61 $4,005,000 $65,656 $0 0.00%
    $50k-75k 35 $3,285,000 $93,857 $0 0.00%
    $100k-150k 27 $3,335,000 $123,519 $0 0.00%
    $75k-100k 19 $2,325,000 $122,368 $0 0.00%
    $150k-250k 17 $3,035,000 $178,529 $0 0.00%
    $250k+ 4 $2,840,000 $710,000 $0 0.00%

    Blackhawk Bank & Trust lent most frequently to those with incomes in the $50k or less range, with 61 originations. The second most popular income band? $50k-75k, with 35 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 233 $32,895,000 $141,180 $0 0.00%

    Blackhawk Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 233 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 158 $18,120,000 $114,684 $0 0.00%
    Not applicable 65 $13,705,000 $210,846 $0 0.00%
    Asian 3 $605,000 $201,667 $0 0.00%
    Black 5 $355,000 $71,000 $0 0.00%
    Not provided 1 $75,000 $75,000 $0 0.00%
    Asian Indian 1 $35,000 $35,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    83.71%

    Blackhawk Bank & Trust has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    74.25%

    Blackhawk Bank & Trust has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 233 $32,895,000 $141,180

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $355,000 $355,000
    Multifamily:Site-Built 18 $8,930,000 $496,111
    Single Family (1-4 Units):Site-Built 214 $23,610,000 $110,327

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Blue Sky Capital Realty, Inc. Conventional home mortgage Struggling to pay mortgage 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Blackhawk Bank & Trust 107 First Street Colona, IL 61241 Full Service B&M $52,518
    Blackhawk Bank & Trust 11th Street And 1st Avenue Silvis, IL 61282 Full Service B&M $122,176
    Blackhawk Bank & Trust 124 North Main Street Port Byron, IL 61275 Full Service B&M $39,927
    Blackhawk Bank & Trust 1308 Southeast 4th Street Aledo, IL 61231 Full Service B&M $62,662
    Blackhawk Bank & Trust 1315 Avenue Of The Cities East Moline, IL 61244 Full Service B&M $32,840
    Blackhawk Bank & Trust 13917 134th Avenue, West Taylor Ridge, IL 61284 Full Service B&M $19,342
    Blackhawk Bank & Trust 200 First Street Coal Valley, IL 61240 Full Service B&M $87,760
    Blackhawk Bank & Trust 2009 E. 10th Avenue Milan, IL 61264 Full Service B&M $19,562
    Blackhawk Bank & Trust 225 U S Highway 6 East Geneseo, IL 61254 Full Service B&M $41,600
    Blackhawk Bank & Trust 300 Fourth Street, West Milan, IL 61264 Limited, Drive-thru $0
    Blackhawk Bank & Trust 301 4th Street West Milan, IL 61264 Full Service B&M $187,622
    Blackhawk Bank & Trust 323 South Second Street Leclaire, IA 52753 Full Service B&M $56,017
    Blackhawk Bank & Trust 335 River Drive Princeton, IA 52768 Full Service B&M $16,657
    Blackhawk Bank & Trust 3600 70th Street Moline, IL 61265 Full Service B&M $35,544
    Blackhawk Bank & Trust 3889 Elmore Avenue Davenport, IA 52807 Full Service B&M $56,388
    Blackhawk Bank & Trust 4100 - 44th Avenue Moline, IL 61265 Full Service B&M $37,462
    Blackhawk Bank & Trust 4610 38th Street Rock Island, IL 61201 Full Service B&M $96,280

    For 2018, Blackhawk Bank & Trust had 17 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $46,178
    Net interest income $35,969
    Total noninterest income $3,916
    Gross Fiduciary activities income $251
    Service charges on deposit accounts $929
    Trading account gains and fees $0
    Additional Noninterest Income $2,736
    Pre-tax net operating income $17,582
    Securities gains (or losses, -) $2,264
    Income before extraordinary items $16,011
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $16,011
    Minority interest net income $0
    Net income $16,011
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $14,177

    Blackhawk Bank & Trust's gross interest income from loans was $46,178,000.
    Blackhawk Bank & Trust's net interest income from loans was $35,969,000.
    Blackhawk Bank & Trust's fee based income from loans was $929,000.
    Blackhawk Bank & Trust's net income from loans was $16,011,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $10,209
    Provision for credit losses $872
    Total noninterest expense $21,431
    Salaries and employee benefits $13,583
    Premises and equipment expense $2,272
    Additional noninterest expense $5,576
    Applicable income taxes $3,835
    Net charge-offs $121
    Cash dividends $5,360

    Blackhawk Bank & Trust's interest expense for loans was $10,209,000.
    Blackhawk Bank & Trust's payroll and benefits expense were $13,583,000.
    Blackhawk Bank & Trust's property, plant and equipment expenses $2,272,000.

    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 1.0%
    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 1.0%
    Credit card loans 0.6%
    Other individual loans 1.0%
    Auto loans 0.0%
    Other consumer loans 2.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $942,892
    Deposits held in domestic offices $942,892
    Deposits by Individuals, partnerships, and corporations $768,317
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $174,575
    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 $59,429
    Demand deposits $38,221
    Nontransaction accounts $883,463
    Money market deposit accounts (MMDAs) $207,775
    Other savings deposits (excluding MMDAs) $395,672
    Total time deposits $280,016
    Total time and savings deposits $904,671
    Noninterest-bearing deposits $162,356
    Interest-bearing deposits $780,536
    Retail deposits $907,433
    IRAs and Keogh plan accounts $35,951
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,360,168
    Cash & Balances due from depository institutions $21,109
    Interest-bearing balances $8,461
    Total securities $657,361
    Federal funds sold & reverse repurchase $0
    Net loans and leases $650,165
    Loan and leases loss allowance $6,751
    Trading account assets $0
    Bank premises and fixed assets $15,832
    Other real estate owned $352
    Goodwill and other intangibles $1,661
    All other assets $13,688

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,360,168
    Total Liabilities $1,206,339
    Total deposits $942,892
    Interest-bearing deposits $780,536
    Deposits held in domestic offices $942,892
    % insured (estimated) $98
    Federal funds purchased and repurchase agreements $130,026
    Trading liabilities $0
    Other borrowed funds $130,790
    Subordinated debt $0
    All other liabilities $2,631

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $650,165
    Loan and leases loss allowance $6,751
    Total loans and leases (domestic) $656,916
    All real estate loans $463,428
    Real estate loans in domestic offices $463,428
    Construction and development loans $58,181
    Residential 1-4 family construction $18,940
    Other construction, all land development and other land $39,241
    Loans secured by nonfarm nonresidential properties $225,094
    Nonfarm nonresidential secured by owner-occupied properties $59,616
    Commercial real estate & other non-farm, non-residential $165,478
    Multifamily residential real estate $43,683
    1-4 family residential loans $114,708
    Farmland loans $21,762
    Loans held in foreign offices $0
    Farm loans $18,571
    Commercial and industrial loans $159,214
    To non-U.S. addressees $0
    Loans to individuals $12,027
    Credit card loans $2,092
    Related Plans $74
    Consumer Auto Loans $5,164
    Other loans to individuals $4,697
    All other loans & leases $3,676
    Loans to foreign governments and official institutions $0
    Other loans $652
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $78
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $3,261
    Non 1-4 family restructured loans & leases $2,859
    Total loans and leases (foreign) $0

    Blackhawk Bank & Trust had $650,165,000 of loans outstanding in 2018. $463,428,000 of loans were in real estate loans. $58,181,000 of loans were in development loans. $43,683,000 of loans were in multifamily mortgage loans. $114,708,000 of loans were in 1-4 family mortgage loans. $18,571,000 of loans were in farm loans. $2,092,000 of loans were in credit card loans. $5,164,000 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 395 $78,217 $198,018
    Nonfarm, nonresidential loans - <$100k 143 $6,863 $47,993
    Nonfarm, nonresidential loans - $100-250k 131 $17,661 $134,817
    Nonfarm, nonresidential loans - $250k-1MM 121 $53,693 $443,744
    Commercial & Industrial, US addressed loans - <$1MM 1,146 $61,777 $53,907
    Commercial & Industrial, US addressed loans - <$100k 997 $20,338 $20,399
    Commercial & Industrial, US addressed loans - $100-250k 88 $11,050 $125,568
    Commercial & Industrial, US addressed loans - $250k-1MM 61 $30,389 $498,180
    Farmland loans - <$1MM 83 $9,332 $112,434
    Farmland loans - <$100k 48 $1,834 $38,208
    Farmland loans - $100-250k 21 $2,933 $139,667
    Farmland loans - $250k-1MM 14 $4,565 $326,071
    Agriculture operations loans - <$1MM 145 $11,436 $78,869
    Agriculture operations loans - <$100k 103 $3,547 $34,437
    Agriculture operations loans - $100-250k 32 $3,973 $124,156
    Agriculture operations loans - $250k-1MM 10 $3,916 $391,600