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, Refi, 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

352

Origination Dollar Volume (All Markets)

$67,640,000

Employee count

216

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)	321	$43,145,000	$134,408	$0	0.00%
Outside of Metro Areas	31	$24,495,000	$790,161	$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)

Missouri (FHA|USDA|VA)

Kansas (FHA|USDA|VA)

Wisconsin (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	352	$67,640,000	$192,159	$0	0.00%

For 2021, Blackhawk Bank & Trust's most frequently originated type of loan was Conventional, with 352 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	159	$20,875,000	$131,289	$0	0.00%
Refi	111	$26,735,000	$240,856	$0	0.00%
Cash Out Refi	67	$13,575,000	$202,612	$0	0.00%
Home Improvement	11	$5,865,000	$533,182	$0	0.00%
Other	4	$590,000	$147,500	$0	0.00%

For 2021, Blackhawk Bank & Trust's most frequently cited loan purpose was Home Purchase, with 159 originations. The 2nd most popular reason was Refi, with 111 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	352	$67,640,000	$192,159	$0	0.00%

For 2021, Blackhawk Bank & Trust's most frequently cited loan duration was Other, with 352 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	169	$10,585,000	$62,633	$0	0.00%
$100k-200k	114	$15,820,000	$138,772	$0	0.00%
$200k-400k	46	$12,480,000	$271,304	$0	0.00%
$400k-600k	13	$6,235,000	$479,615	$0	0.00%
$1MM+	5	$18,945,000	$3,789,000	$0	0.00%
$600k-1MM	5	$3,575,000	$715,000	$0	0.00%

2021 saw Blackhawk Bank & Trust place emphasis on $100,000 or less loans with 169 originations, totaling $10,585,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k-75k	70	$7,350,000	$105,000	$0	0.00%
$50k or less	69	$5,505,000	$79,783	$0	0.00%
$75k-100k	40	$4,310,000	$107,750	$0	0.00%
$100k-150k	39	$6,415,000	$164,487	$0	0.00%
$150k-250k	20	$5,520,000	$276,000	$0	0.00%
$250k+	18	$4,950,000	$275,000	$0	0.00%

Blackhawk Bank & Trust lent most frequently to those with incomes in the $50k-75k range, with 70 originations. The second most popular income band? $50k or less, with 69 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	352	$67,640,000	$192,159	$0	0.00%

Blackhawk Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 352 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
Not applicable	87	$32,255,000	$370,747	$0	0.00%
White	229	$30,065,000	$131,288	$0	0.00%
Not provided	22	$3,520,000	$160,000	$0	0.00%
Black	9	$995,000	$110,556	$0	0.00%
Asian	3	$465,000	$155,000	$0	0.00%
Other Asian	1	$255,000	$255,000	$0	0.00%
Other Pacific Islander	1	$85,000	$85,000	$0	0.00%

Approval Rates

Total approvals of all applications
86.49%

Blackhawk Bank & Trust has an average approval rate.

Pick Rate

Approvals leading to origination
78.13%

Blackhawk Bank & Trust has a below average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	352	$67,640,000	$192,159

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
	352	$67,640,000	$192,159

Complaints

Bank Name	Product	Issue	2021 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	$66,662
Blackhawk Bank & Trust	1100 1st Ave Silvis, IL 61282	Full Service B&M	$146,564
Blackhawk Bank & Trust	124 North Main Street Port Byron, IL 61275	Full Service B&M	$55,704
Blackhawk Bank & Trust	1308 Southeast 4th Street Aledo, IL 61231	Full Service B&M	$71,320
Blackhawk Bank & Trust	1315 Avenue Of The Cities East Moline, IL 61244	Full Service B&M	$44,734
Blackhawk Bank & Trust	13917 134th Avenue, West Taylor Ridge, IL 61284	Full Service B&M	$25,225
Blackhawk Bank & Trust	200 First Street Coal Valley, IL 61240	Full Service B&M	$102,355
Blackhawk Bank & Trust	2009 E. 10th Avenue Milan, IL 61264	Full Service B&M	$34,919
Blackhawk Bank & Trust	225 U S Highway 6 East Geneseo, IL 61254	Full Service B&M	$54,185
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	$277,275
Blackhawk Bank & Trust	323 South Second Street Leclaire, IA 52753	Full Service B&M	$42,496
Blackhawk Bank & Trust	335 River Drive Princeton, IA 52768	Full Service B&M	$20,658
Blackhawk Bank & Trust	3600 70th Street Moline, IL 61265	Full Service B&M	$47,411
Blackhawk Bank & Trust	3889 Elmore Avenue Davenport, IA 52807	Full Service B&M	$90,050
Blackhawk Bank & Trust	4100 - 44th Avenue Moline, IL 61265	Full Service B&M	$34,824
Blackhawk Bank & Trust	4413 53rd Ave Bettendorf, IA 52722	Full Service B&M	$4,036
Blackhawk Bank & Trust	4610 38th Street Rock Island, IL 61201	Full Service B&M	$122,017

For 2021, Blackhawk Bank & Trust had 18 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$46,826
Net interest income	$39,679
Total noninterest income	$5,232
Gross Fiduciary activities income	$472
Service charges on deposit accounts	$687
Trading account gains and fees	$0
Additional Noninterest Income	$4,073
Pre-tax net operating income	$21,497
Securities gains (or losses, -)	$2,354
Income before extraordinary items	$18,629
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$18,629
Minority interest net income	$0
Net income	$18,629
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$16,769

Blackhawk Bank & Trust's gross interest income from loans was $46,826,000.
Blackhawk Bank & Trust's net interest income from loans was $39,679,000.
Blackhawk Bank & Trust's fee based income from loans was $687,000.
Blackhawk Bank & Trust's net income from loans was $18,629,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$7,147
Provision for credit losses	$200
Total noninterest expense	$23,214
Salaries and employee benefits	$15,140
Premises and equipment expense	$2,480
Additional noninterest expense	$5,594
Applicable income taxes	$5,222
Net charge-offs	$-521
Cash dividends	$9,400

Blackhawk Bank & Trust's interest expense for loans was $7,147,000.
Blackhawk Bank & Trust's payroll and benefits expense were $15,140,000.
Blackhawk Bank & Trust's property, plant and equipment expenses $2,480,000.

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	0.0%
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	$1,311,085
Deposits held in domestic offices	$1,311,085
Deposits by Individuals, partnerships, and corporations	$1,047,793
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$263,292
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	$82,338
Demand deposits	$56,742
Nontransaction accounts	$1,228,747
Money market deposit accounts (MMDAs)	$298,617
Other savings deposits (excluding MMDAs)	$567,610
Total time deposits	$362,520
Total time and savings deposits	$1,254,343
Noninterest-bearing deposits	$257,224
Interest-bearing deposits	$1,053,861
Retail deposits	$1,175,353
IRAs and Keogh plan accounts	$37,011
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$1,801,002
Cash & Balances due from depository institutions	$92,808
Interest-bearing balances	$70,607
Total securities	$949,440
Federal funds sold & reverse repurchase	$0
Net loans and leases	$728,659
Loan and leases loss allowance	$11,081
Trading account assets	$0
Bank premises and fixed assets	$16,079
Other real estate owned	$940
Goodwill and other intangibles	$821
All other assets	$12,255

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$1,801,002
Total Liabilities	$1,616,154
Total deposits	$1,311,085
Interest-bearing deposits	$1,053,861
Deposits held in domestic offices	$1,311,085
% insured (estimated)	$98
Federal funds purchased and repurchase agreements	$212,973
Trading liabilities	$0
Other borrowed funds	$86,667
Subordinated debt	$0
All other liabilities	$5,429

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$728,659
Loan and leases loss allowance	$11,081
Total loans and leases (domestic)	$739,740
All real estate loans	$577,462
Real estate loans in domestic offices	$577,462
Construction and development loans	$79,426
Residential 1-4 family construction	$21,213
Other construction, all land development and other land	$58,213
Loans secured by nonfarm nonresidential properties	$312,640
Nonfarm nonresidential secured by owner-occupied properties	$50,039
Commercial real estate & other non-farm, non-residential	$262,601
Multifamily residential real estate	$55,233
1-4 family residential loans	$105,473
Farmland loans	$24,690
Loans held in foreign offices	$0
Farm loans	$17,435
Commercial and industrial loans	$128,991
To non-U.S. addressees	$0
Loans to individuals	$12,010
Credit card loans	$1,413
Related Plans	$44
Consumer Auto Loans	$5,478
Other loans to individuals	$5,075
All other loans & leases	$3,842
Loans to foreign governments and official institutions	$0
Other loans	$1,144
Loans to depository institutions and acceptances of other banks	$0
Loans not secured by real estate	$11,119
Loans secured by real estate to non-U.S. addressees	$0
Restructured Loans & leases	$3,312
Non 1-4 family restructured loans & leases	$2,943
Total loans and leases (foreign)	$0

Blackhawk Bank & Trust had $728,659,000 of loans outstanding in 2021. $577,462,000 of loans were in real estate loans. $79,426,000 of loans were in development loans. $55,233,000 of loans were in multifamily mortgage loans. $105,473,000 of loans were in 1-4 family mortgage loans. $17,435,000 of loans were in farm loans. $1,413,000 of loans were in credit card loans. $5,478,000 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	403	$77,946	$193,414
Nonfarm, nonresidential loans - <$100k	151	$6,680	$44,238
Nonfarm, nonresidential loans - $100-250k	129	$18,068	$140,062
Nonfarm, nonresidential loans - $250k-1MM	123	$53,198	$432,504
Commercial & Industrial, US addressed loans - <$1MM	1,118	$55,943	$50,038
Commercial & Industrial, US addressed loans - <$100k	969	$20,603	$21,262
Commercial & Industrial, US addressed loans - $100-250k	85	$11,751	$138,247
Commercial & Industrial, US addressed loans - $250k-1MM	64	$23,589	$368,578
Farmland loans - <$1MM	71	$9,477	$133,479
Farmland loans - <$100k	33	$1,347	$40,818
Farmland loans - $100-250k	23	$3,318	$144,261
Farmland loans - $250k-1MM	15	$4,812	$320,800
Agriculture operations loans - <$1MM	122	$9,527	$78,090
Agriculture operations loans - <$100k	90	$2,993	$33,256
Agriculture operations loans - $100-250k	24	$3,870	$161,250
Agriculture operations loans - $250k-1MM	8	$2,664	$333,000