Blackhawk Bank & Trust Mortgage Rates, Fees & Info

Milan, IL

LEI: 5493002L7I6EYKW3NG91

Tax ID: 36-2463577

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

Review & Overview

Blackhawk Bank & Trust is a smaller bank specializing in Home Purchase and Cash Out 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

260

Origination Dollar Volume (All Markets)

$61,530,000

Employee count

225

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)	247	$55,445,000	$224,474	$0	0.00%
Outside of Metro Areas	13	$6,085,000	$468,077	$0	0.00%

Blackhawk Bank & Trust's top markets include and Davenport among others.

Their top states include:

Iowa (FHA|USDA|VA)

Illinois (FHA|USDA|VA)

(FHA|USDA|VA)

Wisconsin (FHA|USDA|VA)

Missouri (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	260	$61,530,000	$236,654	$0	0.00%

For 2019, Blackhawk Bank & Trust's most frequently originated type of loan was Conventional, with 260 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	136	$26,940,000	$198,088	$0	0.00%
Cash Out Refi	57	$24,945,000	$437,632	$0	0.00%
Refi	41	$6,175,000	$150,610	$0	0.00%
Home Improvement	17	$3,005,000	$176,765	$0	0.00%
Other	9	$465,000	$51,667	$0	0.00%

For 2019, Blackhawk Bank & Trust's most frequently cited loan purpose was Home Purchase, with 136 originations. The 2nd most popular reason was Cash Out Refi, with 57 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	260	$61,530,000	$236,654	$0	0.00%

For 2019, Blackhawk Bank & Trust's most frequently cited loan duration was Other, with 260 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	134	$7,760,000	$57,910	$0	0.00%
$100k-200k	81	$11,155,000	$137,716	$0	0.00%
$200k-400k	31	$8,225,000	$265,323	$0	0.00%
$1MM+	7	$29,275,000	$4,182,143	$0	0.00%
$600k-1MM	5	$4,205,000	$841,000	$0	0.00%
$400k-600k	2	$910,000	$455,000	$0	0.00%

2019 saw Blackhawk Bank & Trust place emphasis on $100,000 or less loans with 134 originations, totaling $7,760,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k or less	52	$3,960,000	$76,154	$0	0.00%
$50k-75k	43	$4,325,000	$100,581	$0	0.00%
$100k-150k	34	$4,290,000	$126,176	$0	0.00%
$75k-100k	31	$3,985,000	$128,548	$0	0.00%
$150k-250k	15	$3,215,000	$214,333	$0	0.00%
$250k+	9	$6,385,000	$709,444	$0	0.00%

Blackhawk Bank & Trust lent most frequently to those with incomes in the $50k or less range, with 52 originations. The second most popular income band? $50k-75k, with 43 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	260	$61,530,000	$236,654	$0	0.00%

Blackhawk Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 260 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
Not applicable	67	$34,275,000	$511,567	$0	0.00%
White	183	$25,535,000	$139,536	$0	0.00%
Not provided	3	$725,000	$241,667	$0	0.00%
Asian	2	$350,000	$175,000	$0	0.00%
American Indian	1	$225,000	$225,000	$0	0.00%
Other Asian	1	$165,000	$165,000	$0	0.00%
Asian Indian	1	$165,000	$165,000	$0	0.00%
Black	2	$90,000	$45,000	$0	0.00%

Approval Rates

Total approvals of all applications
87.02%

Blackhawk Bank & Trust has an average approval rate.

Pick Rate

Approvals leading to origination
78.85%

Blackhawk Bank & Trust has a below average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	260	$61,530,000	$236,654

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	22	$34,190,000	$1,554,091
Single Family (1-4 Units):Site-Built	238	$27,340,000	$114,874

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
Blackhawk Bank & Trust	107 First Street Colona, IL 61241	Full Service B&M	$54,167
Blackhawk Bank & Trust	11th Street And 1st Avenue Silvis, IL 61282	Full Service B&M	$118,247
Blackhawk Bank & Trust	124 North Main Street Port Byron, IL 61275	Full Service B&M	$43,219
Blackhawk Bank & Trust	1308 Southeast 4th Street Aledo, IL 61231	Full Service B&M	$59,877
Blackhawk Bank & Trust	1315 Avenue Of The Cities East Moline, IL 61244	Full Service B&M	$33,910
Blackhawk Bank & Trust	13917 134th Avenue, West Taylor Ridge, IL 61284	Full Service B&M	$21,169
Blackhawk Bank & Trust	200 First Street Coal Valley, IL 61240	Full Service B&M	$85,668
Blackhawk Bank & Trust	2009 E. 10th Avenue Milan, IL 61264	Full Service B&M	$23,612
Blackhawk Bank & Trust	225 U S Highway 6 East Geneseo, IL 61254	Full Service B&M	$44,953
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	$189,988
Blackhawk Bank & Trust	323 South Second Street Leclaire, IA 52753	Full Service B&M	$33,793
Blackhawk Bank & Trust	335 River Drive Princeton, IA 52768	Full Service B&M	$16,664
Blackhawk Bank & Trust	3600 70th Street Moline, IL 61265	Full Service B&M	$34,117
Blackhawk Bank & Trust	3889 Elmore Avenue Davenport, IA 52807	Full Service B&M	$46,291
Blackhawk Bank & Trust	4100 - 44th Avenue Moline, IL 61265	Full Service B&M	$34,809
Blackhawk Bank & Trust	4610 38th Street Rock Island, IL 61201	Full Service B&M	$98,606

For 2019, Blackhawk Bank & Trust had 17 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$51,918
Net interest income	$37,313
Total noninterest income	$3,919
Gross Fiduciary activities income	$326
Service charges on deposit accounts	$865
Trading account gains and fees	$0
Additional Noninterest Income	$2,728
Pre-tax net operating income	$17,816
Securities gains (or losses, -)	$4,044
Income before extraordinary items	$17,397
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$17,397
Minority interest net income	$0
Net income	$17,397
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$14,161

Blackhawk Bank & Trust's gross interest income from loans was $51,918,000.
Blackhawk Bank & Trust's net interest income from loans was $37,313,000.
Blackhawk Bank & Trust's fee based income from loans was $865,000.
Blackhawk Bank & Trust's net income from loans was $17,397,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$14,605
Provision for credit losses	$1,100
Total noninterest expense	$22,316
Salaries and employee benefits	$14,283
Premises and equipment expense	$2,509
Additional noninterest expense	$5,524
Applicable income taxes	$4,463
Net charge-offs	$-633
Cash dividends	$11,100

Blackhawk Bank & Trust's interest expense for loans was $14,605,000.
Blackhawk Bank & Trust's payroll and benefits expense were $14,283,000.
Blackhawk Bank & Trust's property, plant and equipment expenses $2,509,000.

Loan Performance

Type of Loan	% of Loans Noncurrent (30+ days, end of period snapshot)
All loans	0.0%
Real Estate loans	1.0%
Construction & Land Development loans	8.0%
Nonfarm, nonresidential loans	0.0%
Multifamily residential loans	0.0%
1-4 family residential loans	0.0%
HELOC loans	1.0%
All other family	0.0%
Commercial & industrial loans	0.0%
Personal loans	0.0%
Credit card loans	0.1%
Other individual loans	0.0%
Auto loans	0.0%
Other consumer loans	1.0%
Unsecured commercial real estate loans	0.0%

Deposits

Type	Value (in 000's)
Total deposits	$976,843
Deposits held in domestic offices	$976,843
Deposits by Individuals, partnerships, and corporations	$798,914
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$177,929
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	$57,478
Demand deposits	$34,640
Nontransaction accounts	$919,365
Money market deposit accounts (MMDAs)	$204,640
Other savings deposits (excluding MMDAs)	$390,373
Total time deposits	$324,352
Total time and savings deposits	$942,203
Noninterest-bearing deposits	$164,737
Interest-bearing deposits	$812,106
Retail deposits	$915,455
IRAs and Keogh plan accounts	$36,108
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$1,403,584
Cash & Balances due from depository institutions	$67,722
Interest-bearing balances	$54,771
Total securities	$639,671
Federal funds sold & reverse repurchase	$0
Net loans and leases	$666,775
Loan and leases loss allowance	$8,484
Trading account assets	$0
Bank premises and fixed assets	$16,687
Other real estate owned	$143
Goodwill and other intangibles	$1,375
All other assets	$11,211

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$1,403,584
Total Liabilities	$1,230,812
Total deposits	$976,843
Interest-bearing deposits	$812,106
Deposits held in domestic offices	$976,843
% insured (estimated)	$98
Federal funds purchased and repurchase agreements	$149,287
Trading liabilities	$0
Other borrowed funds	$97,783
Subordinated debt	$0
All other liabilities	$6,899

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$666,775
Loan and leases loss allowance	$8,484
Total loans and leases (domestic)	$675,259
All real estate loans	$491,735
Real estate loans in domestic offices	$491,735
Construction and development loans	$41,326
Residential 1-4 family construction	$11,446
Other construction, all land development and other land	$29,880
Loans secured by nonfarm nonresidential properties	$254,521
Nonfarm nonresidential secured by owner-occupied properties	$52,068
Commercial real estate & other non-farm, non-residential	$202,453
Multifamily residential real estate	$56,694
1-4 family residential loans	$114,095
Farmland loans	$25,099
Loans held in foreign offices	$0
Farm loans	$16,893
Commercial and industrial loans	$151,964
To non-U.S. addressees	$0
Loans to individuals	$10,779
Credit card loans	$1,521
Related Plans	$105
Consumer Auto Loans	$4,852
Other loans to individuals	$4,301
All other loans & leases	$3,888
Loans to foreign governments and official institutions	$0
Other loans	$683
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	$5,115
Non 1-4 family restructured loans & leases	$3,851
Total loans and leases (foreign)	$0

Blackhawk Bank & Trust had $666,775,000 of loans outstanding in 2019. $491,735,000 of loans were in real estate loans. $41,326,000 of loans were in development loans. $56,694,000 of loans were in multifamily mortgage loans. $114,095,000 of loans were in 1-4 family mortgage loans. $16,893,000 of loans were in farm loans. $1,521,000 of loans were in credit card loans. $4,852,000 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	393	$76,428	$194,473
Nonfarm, nonresidential loans - <$100k	147	$6,836	$46,503
Nonfarm, nonresidential loans - $100-250k	128	$17,141	$133,914
Nonfarm, nonresidential loans - $250k-1MM	118	$52,451	$444,500
Commercial & Industrial, US addressed loans - <$1MM	1,133	$64,546	$56,969
Commercial & Industrial, US addressed loans - <$100k	974	$20,083	$20,619
Commercial & Industrial, US addressed loans - $100-250k	86	$11,367	$132,174
Commercial & Industrial, US addressed loans - $250k-1MM	73	$33,096	$453,370
Farmland loans - <$1MM	80	$10,460	$130,750
Farmland loans - <$100k	42	$1,735	$41,310
Farmland loans - $100-250k	19	$2,574	$135,474
Farmland loans - $250k-1MM	19	$6,151	$323,737
Agriculture operations loans - <$1MM	124	$9,515	$76,734
Agriculture operations loans - <$100k	84	$2,409	$28,679
Agriculture operations loans - $100-250k	30	$3,841	$128,033
Agriculture operations loans - $250k-1MM	10	$3,265	$326,500