Republic Bank Of Chicago Mortgage Rates, Fees & Info

Oak Brook, IL

LEI: 5493002Q5MB21VG7B390

Tax ID: 36-2533919

Latest/2023 | 2022 Data | 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
  • Complaints
  • Similar Lenders
  • 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

    Republic Bank Of Chicago is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Republic Bank Of Chicago has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, Crestview, Heber, Niles, and Ottawa among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Republic Bank Of Chicago has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Republic Bank Of Chicago is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    Originations

    204

    Origination Dollar Volume (All Markets)

    $48,400,000

    Employee count

    272

    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
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 198 $46,790,000 $236,313 $3,188 5.90%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $715,000 $715,000 $7,428 3.88%
    Heber, UT (FHA|USDA|VA) 2 $480,000 $240,000 $5,182 5.25%
    NILES, MI (FHA|USDA|VA) 2 $310,000 $155,000 $2,596 3.94%
    Ottawa, IL (FHA|USDA|VA) 1 $105,000 $105,000 $0 6.50%
    Republic Bank Of Chicago's top markets include Chicago, Crestview, Heber, Niles, and Ottawa among others.

    Their top states include:
  • Illinois (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Utah (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Republic Bank of Chicago based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Liberty Bank for Savings
    Similarity Rank: 85
    EDUCATORS CREDIT UNION
    Similarity Rank: 352
    UNITED
    Similarity Rank: 498
    Southern Lkaes Credit Union
    Similarity Rank: 513
    AMERITRUST MORTGAGE CORPORATION
    Similarity Rank: 618
    TECH Credit Union
    Similarity Rank: 856
    Community State Bank
    Similarity Rank: 888
    The Equitable Bank, S.S.B.
    Similarity Rank: 950
    DuPage Credit Union
    Similarity Rank: 1428
    American Financial Funding Corp.
    Similarity Rank: 1565

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 204 $48,400,000 $237,255 $3,356 5.86%

    For 2019, Republic Bank Of Chicago's most frequently originated type of loan was Conventional, with 204 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 169 $26,835,000 $158,787 $5,625 6.10%
    Refi 17 $6,305,000 $370,882 $2,233 4.40%
    Cash Out Refi 17 $15,195,000 $893,824 $2,202 5.00%
    Home Improvement 1 $65,000 $65,000 $0 5.50%

    For 2019, Republic Bank Of Chicago's most frequently cited loan purpose was Home Purchase, with 169 originations. The 2nd most popular reason was Refi, with 17 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    1 Year 139 $14,785,000 $106,367 $0 6.31%
    30 Year 27 $7,095,000 $262,778 $3,767 4.88%
    5 Year 22 $22,040,000 $1,001,818 $0 5.11%
    15 Year 7 $1,355,000 $193,571 $2,314 4.00%
    Other 3 $855,000 $285,000 $0 6.08%
    10 Year 3 $195,000 $65,000 $1,916 4.75%
    20 Year 2 $1,190,000 $595,000 $4,540 5.00%
    3 Year 1 $885,000 $885,000 $0 4.75%

    For 2019, Republic Bank Of Chicago's most frequently cited loan duration was 1 Year, with 139 originations. The 2nd most popular length was 30 Year, with 27 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 25 $8,115,000 $324,600
    $1k-2k 3 $305,000 $101,667
    $2k-3k 1 $145,000 $145,000
    $3k-4k 1 $245,000 $245,000

    Republic Bank Of Chicago's average total fees were $3,767, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 25 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 116 $12,810,000 $110,431
    5-6% 49 $18,945,000 $386,633
    4-5% 30 $12,970,000 $432,333
    3-4% 9 $3,675,000 $408,333

    During 2019, Republic Bank Of Chicago's average interest rate for loans was 4.88%, while their most frequently originated rate bucket for loans was 6-7%, with 116 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 94 $6,440,000 $68,511 $2,976 6.12%
    $100k-200k 66 $8,600,000 $130,303 $3,034 6.01%
    $200k-400k 15 $4,355,000 $290,333 $2,815 5.23%
    $400k-600k 12 $5,760,000 $480,000 $3,834 4.86%
    $1MM+ 9 $17,175,000 $1,908,333 $2,126 5.23%
    $600k-1MM 8 $6,070,000 $758,750 $7,205 5.09%

    2019 saw Republic Bank Of Chicago place emphasis on $100,000 or less loans with 94 originations, totaling $6,440,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 11 $4,655,000 $423,182 $2,582 4.82%
    $250k+ 7 $4,135,000 $590,714 $4,953 4.57%
    $50k-75k 7 $885,000 $126,429 $2,903 4.63%
    $75k-100k 7 $1,035,000 $147,857 $3,713 5.13%
    $100k-150k 5 $935,000 $187,000 $3,744 4.78%
    $50k or less 5 $355,000 $71,000 $2,557 4.60%

    Republic Bank Of Chicago lent most frequently to those with incomes in the $150k-250k range, with 11 originations. The second most popular income band? $250k+, with 7 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 8 $2,120,000 $265,000 $2,463 4.95%
    20-30% 8 $2,060,000 $257,500 $3,175 4.64%
    <20% 5 $925,000 $185,000 $4,169 4.65%
    40% 5 $1,525,000 $305,000 $4,645 4.60%
    44% 3 $425,000 $141,667 $2,011 5.21%
    41% 2 $390,000 $195,000 $3,124 4.75%
    38% 2 $270,000 $135,000 $3,541 4.13%
    42% 2 $220,000 $110,000 $2,021 5.13%
    >60% 1 $1,605,000 $1,605,000 $0 4.75%
    37% 1 $165,000 $165,000 $3,029 4.25%
    46% 1 $1,445,000 $1,445,000 $2,126 3.75%
    47% 1 $65,000 $65,000 $0 5.25%
    49% 1 $485,000 $485,000 $8,534 4.75%
    39% 1 $85,000 $85,000 $2,016 4.25%

    Republic Bank Of Chicago lent most frequently to those with DTI ratios of 30-36%, with 8 originations. The next most common DTI ratio? 20-30%, with 8 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 161 $36,175,000 $224,689 $0 6.16%
    White 32 $9,340,000 $291,875 $3,117 4.74%
    Not provided 4 $1,500,000 $375,000 $7,428 4.91%
    Asian 4 $1,100,000 $275,000 $3,833 4.06%
    Black 3 $285,000 $95,000 $0 5.63%

    Approval Rates

    Total approvals of all applications
    95.82%

    Republic Bank Of Chicago has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    91.18%

    Republic Bank Of Chicago has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 204 $48,400,000 $237,255

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 15 $18,005,000 $1,200,333
    Single Family (1-4 Units):Site-Built 189 $30,395,000 $160,820

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 28 $2,420,000 $86,429 $3,445 5.79%
    40-60% 78 $8,710,000 $111,667 $2,482 6.10%
    60-80% 87 $35,005,000 $402,356 $3,651 5.75%
    80-100% 7 $1,975,000 $282,143 $4,001 4.82%
    Under 20% 4 $290,000 $72,500 $0 6.06%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Republic State Mortgage Co. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Republic Bank of Chicago 101 Chestnut Hinsdale, IL 60521 Full Service B&M $29,658
    Republic Bank of Chicago 101 Main Street West Chicago, IL 60185 Full Service B&M $36,459
    Republic Bank of Chicago 105 East Roosevelt Road West Chicago, IL 60185 Full Service B&M $21,044
    Republic Bank of Chicago 120 West Madison Avenue Chicago, IL 60602 Full Service B&M $20,457
    Republic Bank of Chicago 1510 75th Street Darien, IL 60561 Full Service B&M $126,962
    Republic Bank of Chicago 15790 South Harlem Avenue Orland Park, IL 60462 Full Service B&M $52,150
    Republic Bank of Chicago 1640 W Lake St Addison, IL 60101 Full Service B&M $71,012
    Republic Bank of Chicago 2136 South Oak Park Avenue Berwyn, IL 60402 Full Service B&M $29,059
    Republic Bank of Chicago 2221 Camden Court Oak Brook, IL 60523 Full Service B&M $351,512
    Republic Bank of Chicago 2720 Hassert Blvd. Naperville, IL 60564 Full Service B&M $78,054
    Republic Bank of Chicago 2720 West Devon Avenue Chicago, IL 60659 Full Service B&M $60,465
    Republic Bank of Chicago 4028 West 79th Street Chicago, IL 60652 Full Service B&M $40,233
    Republic Bank of Chicago 4433 West Touhy Avenue Lincolnwood, IL 60712 Full Service B&M $227,676
    Republic Bank of Chicago 5500 St. Charles Road Berkeley, IL 60163 Full Service B&M $224,535
    Republic Bank of Chicago 6400 W. Diversey Chicago, IL 60707 Full Service B&M $59,042
    Republic Bank of Chicago 6501 South Pulaski Avenue Chicago, IL 60629 Full Service B&M $49,153
    Republic Bank of Chicago 8420 West 171st Street Tinley Park, IL 60487 Full Service B&M $62,990
    Republic Bank of Chicago 9440 Joliet Road Hodgkins, IL 60525 Full Service B&M $64,359
    Republic Bank of Chicago 9530 W 131 St Palos Park, IL 60464 Full Service B&M $90,218

    For 2019, Republic Bank Of Chicago had 19 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $92,280
    Net interest income $70,266
    Total noninterest income $19,581
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $12,823
    Trading account gains and fees $0
    Additional Noninterest Income $6,758
    Pre-tax net operating income $39,012
    Securities gains (or losses, -) $-148
    Income before extraordinary items $28,683
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $28,683
    Minority interest net income $0
    Net income $28,683
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $28,799

    Republic Bank Of Chicago's gross interest income from loans was $92,280,000.
    Republic Bank Of Chicago's net interest income from loans was $70,266,000.
    Republic Bank Of Chicago's fee based income from loans was $12,823,000.
    Republic Bank Of Chicago's net income from loans was $28,683,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $22,014
    Provision for credit losses $1,200
    Total noninterest expense $49,635
    Salaries and employee benefits $25,977
    Premises and equipment expense $5,696
    Additional noninterest expense $17,962
    Applicable income taxes $10,181
    Net charge-offs $1,255
    Cash dividends $13,500

    Republic Bank Of Chicago's interest expense for loans was $22,014,000.
    Republic Bank Of Chicago's payroll and benefits expense were $25,977,000.
    Republic Bank Of Chicago's property, plant and equipment expenses $5,696,000.

    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 1.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 2.0%
    HELOC loans 0.0%
    All other family 2.0%
    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 $1,672,618
    Deposits held in domestic offices $1,672,618
    Deposits by Individuals, partnerships, and corporations $1,552,202
    Deposits by U.S. Government $173
    Deposits by States and political subdivisions in the U.S. $116,810
    Deposits by Commercial banks and other depository institutions in U.S. $3,433
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $582,105
    Demand deposits $462,076
    Nontransaction accounts $1,090,513
    Money market deposit accounts (MMDAs) $570,985
    Other savings deposits (excluding MMDAs) $80,582
    Total time deposits $438,946
    Total time and savings deposits $1,210,542
    Noninterest-bearing deposits $462,076
    Interest-bearing deposits $1,210,542
    Retail deposits $1,550,595
    IRAs and Keogh plan accounts $57,287
    Brokered deposits $23,739
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $2,016,395
    Cash & Balances due from depository institutions $175,907
    Interest-bearing balances $37,700
    Total securities $232,865
    Federal funds sold & reverse repurchase $0
    Net loans and leases $1,497,362
    Loan and leases loss allowance $21,298
    Trading account assets $0
    Bank premises and fixed assets $67,906
    Other real estate owned $4,313
    Goodwill and other intangibles $155
    All other assets $37,887

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $2,016,395
    Total Liabilities $1,794,075
    Total deposits $1,672,618
    Interest-bearing deposits $1,210,542
    Deposits held in domestic offices $1,672,618
    % insured (estimated) $59
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $100,000
    Subordinated debt $0
    All other liabilities $21,457

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,497,362
    Loan and leases loss allowance $21,298
    Total loans and leases (domestic) $1,518,660
    All real estate loans $1,039,181
    Real estate loans in domestic offices $1,039,181
    Construction and development loans $284,284
    Residential 1-4 family construction $113,238
    Other construction, all land development and other land $171,046
    Loans secured by nonfarm nonresidential properties $445,251
    Nonfarm nonresidential secured by owner-occupied properties $104,111
    Commercial real estate & other non-farm, non-residential $341,140
    Multifamily residential real estate $122,536
    1-4 family residential loans $178,320
    Farmland loans $8,790
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $414,717
    To non-U.S. addressees $0
    Loans to individuals $934
    Credit card loans $0
    Related Plans $36
    Consumer Auto Loans $29
    Other loans to individuals $869
    All other loans & leases $63,829
    Loans to foreign governments and official institutions $0
    Other loans $63,829
    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 $4,397
    Non 1-4 family restructured loans & leases $3,520
    Total loans and leases (foreign) $0

    Republic Bank of Chicago had $1,497,362,000 of loans outstanding in 2019. $1,039,181,000 of loans were in real estate loans. $284,284,000 of loans were in development loans. $122,536,000 of loans were in multifamily mortgage loans. $178,320,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $29,000 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 339 $104,569 $308,463
    Nonfarm, nonresidential loans - <$100k 19 $906 $47,684
    Nonfarm, nonresidential loans - $100-250k 111 $13,352 $120,288
    Nonfarm, nonresidential loans - $250k-1MM 209 $90,311 $432,110
    Commercial & Industrial, US addressed loans - <$1MM 856 $202,231 $236,251
    Commercial & Industrial, US addressed loans - <$100k 223 $4,161 $18,659
    Commercial & Industrial, US addressed loans - $100-250k 145 $16,816 $115,972
    Commercial & Industrial, US addressed loans - $250k-1MM 488 $181,254 $371,422