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 Refi, 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

475

Origination Dollar Volume (All Markets)

$99,925,000

Employee count

227

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)	449	$88,695,000	$197,539	$0	0.00%
Outside of Metro Areas	26	$11,230,000	$431,923	$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)

Nevada (FHA|USDA|VA)

Kansas (FHA|USDA|VA)

Georgia (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	475	$99,925,000	$210,368	$0	0.00%

For 2020, Blackhawk Bank & Trust's most frequently originated type of loan was Conventional, with 475 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Refi	199	$35,045,000	$176,106	$0	0.00%
Home Purchase	163	$37,115,000	$227,699	$0	0.00%
Cash Out Refi	99	$26,455,000	$267,222	$0	0.00%
Home Improvement	11	$1,135,000	$103,182	$0	0.00%
Other	3	$175,000	$58,333	$0	0.00%

For 2020, Blackhawk Bank & Trust's most frequently cited loan purpose was Refi, with 199 originations. The 2nd most popular reason was Home Purchase, with 163 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	475	$99,925,000	$210,368	$0	0.00%

For 2020, Blackhawk Bank & Trust's most frequently cited loan duration was Other, with 475 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	223	$14,655,000	$65,717	$0	0.00%
$100k-200k	138	$19,260,000	$139,565	$0	0.00%
$200k-400k	87	$23,445,000	$269,483	$0	0.00%
$400k-600k	13	$5,955,000	$458,077	$0	0.00%
$1MM+	11	$34,285,000	$3,116,818	$0	0.00%
$600k-1MM	3	$2,325,000	$775,000	$0	0.00%

2020 saw Blackhawk Bank & Trust place emphasis on $100,000 or less loans with 223 originations, totaling $14,655,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-150k	87	$15,845,000	$182,126	$0	0.00%
$50k-75k	69	$7,715,000	$111,812	$0	0.00%
$50k or less	65	$4,955,000	$76,231	$0	0.00%
$75k-100k	61	$8,755,000	$143,525	$0	0.00%
$150k-250k	51	$11,405,000	$223,627	$0	0.00%
$250k+	13	$3,705,000	$285,000	$0	0.00%

Blackhawk Bank & Trust lent most frequently to those with incomes in the $100k-150k range, with 87 originations. The second most popular income band? $50k-75k, with 69 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	475	$99,925,000	$210,368	$0	0.00%

Blackhawk Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 475 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	341	$50,175,000	$147,141	$0	0.00%
Not applicable	102	$44,450,000	$435,784	$0	0.00%
Not provided	11	$1,525,000	$138,636	$0	0.00%
Asian	7	$1,485,000	$212,143	$0	0.00%
Black	12	$1,280,000	$106,667	$0	0.00%
Other Asian	1	$535,000	$535,000	$0	0.00%
Asian Indian	1	$475,000	$475,000	$0	0.00%

Approval Rates

Total approvals of all applications
86.61%

Blackhawk Bank & Trust has an average approval rate.

Pick Rate

Approvals leading to origination
77.47%

Blackhawk Bank & Trust has a below average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	475	$99,925,000	$210,368

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Manufactured	2	$2,290,000	$1,145,000
Multifamily:Site-Built	27	$37,625,000	$1,393,519
Single Family (1-4 Units):Site-Built	446	$60,010,000	$134,552

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
Blackhawk Bank & Trust	107 First Street Colona, IL 61241	Full Service B&M	$59,659
Blackhawk Bank & Trust	1100 1st Ave Silvis, IL 61282	Full Service B&M	$134,722
Blackhawk Bank & Trust	124 North Main Street Port Byron, IL 61275	Full Service B&M	$47,844
Blackhawk Bank & Trust	1308 Southeast 4th Street Aledo, IL 61231	Full Service B&M	$63,704
Blackhawk Bank & Trust	1315 Avenue Of The Cities East Moline, IL 61244	Full Service B&M	$42,165
Blackhawk Bank & Trust	13917 134th Avenue, West Taylor Ridge, IL 61284	Full Service B&M	$21,787
Blackhawk Bank & Trust	200 First Street Coal Valley, IL 61240	Full Service B&M	$90,575
Blackhawk Bank & Trust	2009 E. 10th Avenue Milan, IL 61264	Full Service B&M	$27,254
Blackhawk Bank & Trust	225 U S Highway 6 East Geneseo, IL 61254	Full Service B&M	$49,113
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	$213,300
Blackhawk Bank & Trust	323 South Second Street Leclaire, IA 52753	Full Service B&M	$38,757
Blackhawk Bank & Trust	335 River Drive Princeton, IA 52768	Full Service B&M	$18,748
Blackhawk Bank & Trust	3600 70th Street Moline, IL 61265	Full Service B&M	$41,514
Blackhawk Bank & Trust	3889 Elmore Avenue Davenport, IA 52807	Full Service B&M	$40,899
Blackhawk Bank & Trust	4100 - 44th Avenue Moline, IL 61265	Full Service B&M	$33,683
Blackhawk Bank & Trust	4413 53rd Ave Bettendorf, IA 52722	Full Service B&M	$2,157
Blackhawk Bank & Trust	4610 38th Street Rock Island, IL 61201	Full Service B&M	$108,433

For 2020, Blackhawk Bank & Trust had 18 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$47,400
Net interest income	$37,088
Total noninterest income	$4,955
Gross Fiduciary activities income	$314
Service charges on deposit accounts	$653
Trading account gains and fees	$0
Additional Noninterest Income	$3,988
Pre-tax net operating income	$18,342
Securities gains (or losses, -)	$2,261
Income before extraordinary items	$16,373
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$16,373
Minority interest net income	$0
Net income	$16,373
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$14,586

Blackhawk Bank & Trust's gross interest income from loans was $47,400,000.
Blackhawk Bank & Trust's net interest income from loans was $37,088,000.
Blackhawk Bank & Trust's fee based income from loans was $653,000.
Blackhawk Bank & Trust's net income from loans was $16,373,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$10,312
Provision for credit losses	$1,101
Total noninterest expense	$22,600
Salaries and employee benefits	$14,519
Premises and equipment expense	$2,594
Additional noninterest expense	$5,487
Applicable income taxes	$4,230
Net charge-offs	$-775
Cash dividends	$9,000

Blackhawk Bank & Trust's interest expense for loans was $10,312,000.
Blackhawk Bank & Trust's payroll and benefits expense were $14,519,000.
Blackhawk Bank & Trust's property, plant and equipment expenses $2,594,000.

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	5.0%
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	0.2%
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	$1,147,303
Deposits held in domestic offices	$1,147,303
Deposits by Individuals, partnerships, and corporations	$911,117
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$236,186
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	$81,394
Demand deposits	$52,680
Nontransaction accounts	$1,065,909
Money market deposit accounts (MMDAs)	$234,143
Other savings deposits (excluding MMDAs)	$472,658
Total time deposits	$359,108
Total time and savings deposits	$1,094,623
Noninterest-bearing deposits	$215,769
Interest-bearing deposits	$931,534
Retail deposits	$1,033,072
IRAs and Keogh plan accounts	$37,190
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$1,607,194
Cash & Balances due from depository institutions	$78,795
Interest-bearing balances	$63,761
Total securities	$789,655
Federal funds sold & reverse repurchase	$0
Net loans and leases	$708,194
Loan and leases loss allowance	$10,360
Trading account assets	$0
Bank premises and fixed assets	$16,195
Other real estate owned	$940
Goodwill and other intangibles	$1,089
All other assets	$12,326

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$1,607,194
Total Liabilities	$1,421,267
Total deposits	$1,147,303
Interest-bearing deposits	$931,534
Deposits held in domestic offices	$1,147,303
% insured (estimated)	$98
Federal funds purchased and repurchase agreements	$164,153
Trading liabilities	$0
Other borrowed funds	$100,744
Subordinated debt	$0
All other liabilities	$9,067

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$708,194
Loan and leases loss allowance	$10,360
Total loans and leases (domestic)	$718,554
All real estate loans	$523,925
Real estate loans in domestic offices	$523,925
Construction and development loans	$43,323
Residential 1-4 family construction	$10,098
Other construction, all land development and other land	$33,225
Loans secured by nonfarm nonresidential properties	$275,832
Nonfarm nonresidential secured by owner-occupied properties	$51,979
Commercial real estate & other non-farm, non-residential	$223,853
Multifamily residential real estate	$70,835
1-4 family residential loans	$110,456
Farmland loans	$23,479
Loans held in foreign offices	$0
Farm loans	$18,786
Commercial and industrial loans	$159,601
To non-U.S. addressees	$0
Loans to individuals	$12,548
Credit card loans	$1,339
Related Plans	$49
Consumer Auto Loans	$5,357
Other loans to individuals	$5,803
All other loans & leases	$3,694
Loans to foreign governments and official institutions	$0
Other loans	$924
Loans to depository institutions and acceptances of other banks	$0
Loans not secured by real estate	$26,430
Loans secured by real estate to non-U.S. addressees	$0
Restructured Loans & leases	$4,103
Non 1-4 family restructured loans & leases	$3,717
Total loans and leases (foreign)	$0

Blackhawk Bank & Trust had $708,194,000 of loans outstanding in 2020. $523,925,000 of loans were in real estate loans. $43,323,000 of loans were in development loans. $70,835,000 of loans were in multifamily mortgage loans. $110,456,000 of loans were in 1-4 family mortgage loans. $18,786,000 of loans were in farm loans. $1,339,000 of loans were in credit card loans. $5,357,000 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	412	$77,714	$188,626
Nonfarm, nonresidential loans - <$100k	163	$7,515	$46,104
Nonfarm, nonresidential loans - $100-250k	134	$18,826	$140,493
Nonfarm, nonresidential loans - $250k-1MM	115	$51,373	$446,722
Commercial & Industrial, US addressed loans - <$1MM	1,521	$77,852	$51,185
Commercial & Industrial, US addressed loans - <$100k	1,334	$29,535	$22,140
Commercial & Industrial, US addressed loans - $100-250k	111	$16,759	$150,982
Commercial & Industrial, US addressed loans - $250k-1MM	76	$31,558	$415,237
Farmland loans - <$1MM	72	$9,091	$126,264
Farmland loans - <$100k	37	$1,405	$37,973
Farmland loans - $100-250k	18	$2,355	$130,833
Farmland loans - $250k-1MM	17	$5,331	$313,588
Agriculture operations loans - <$1MM	130	$11,716	$90,123
Agriculture operations loans - <$100k	96	$4,832	$50,333
Agriculture operations loans - $100-250k	21	$2,873	$136,810
Agriculture operations loans - $250k-1MM	13	$4,011	$308,538