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 Refi loans. Republic Bank Of Chicago has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, Tampa, Denver, Niles, and Racine among others. We have data for 6 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.

    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

    290

    Origination Dollar Volume (All Markets)

    $49,350,000

    Employee count

    268

    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) 285 $48,155,000 $168,965 $0 0.00%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $385,000 $385,000 $0 0.00%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $335,000 $335,000 $0 0.00%
    NILES, MI (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
    RACINE, WI (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
    Ottawa, IL (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
    Republic Bank Of Chicago's top markets include Chicago, Tampa, Denver, Niles, and Racine among others.

    Their top states include:
  • Illinois (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Indiana (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: 312
    Glenview State Bank
    Similarity Rank: 312
    CROWN MORTGAGE COMPANY
    Similarity Rank: 627
    AMERITRUST MORTGAGE CORPORATION
    Similarity Rank: 648
    The Equitable Bank, S.S.B.
    Similarity Rank: 820
    RUHL MORTGAGE, LLC
    Similarity Rank: 988
    United Community Bank
    Similarity Rank: 1360
    NEW FED MORTGAGE, CORP.
    Similarity Rank: 1610
    DuPage Credit Union
    Similarity Rank: 1824
    LAKE MORTGAGE COMPANY INC
    Similarity Rank: 1841

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 290 $49,350,000 $170,172 $0 0.00%

    For 2020, Republic Bank Of Chicago's most frequently originated type of loan was Conventional, with 290 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 231 $27,255,000 $117,987 $0 0.00%
    Refi 40 $16,170,000 $404,250 $0 0.00%
    Cash Out Refi 19 $5,925,000 $311,842 $0 0.00%

    For 2020, Republic Bank Of Chicago's most frequently cited loan purpose was Home Purchase, with 231 originations. The 2nd most popular reason was Refi, with 40 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 290 $49,350,000 $170,172 $0 0.00%

    For 2020, Republic Bank Of Chicago's most frequently cited loan duration was Other, with 290 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 124 $8,730,000 $70,403 $0 0.00%
    $100k-200k 109 $14,955,000 $137,202 $0 0.00%
    $200k-400k 33 $9,395,000 $284,697 $0 0.00%
    $400k-600k 14 $6,710,000 $479,286 $0 0.00%
    $600k-1MM 6 $4,540,000 $756,667 $0 0.00%
    $1MM+ 4 $5,020,000 $1,255,000 $0 0.00%

    2020 saw Republic Bank Of Chicago place emphasis on $100,000 or less loans with 124 originations, totaling $8,730,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 10 $2,880,000 $288,000 $0 0.00%
    $250k+ 10 $6,010,000 $601,000 $0 0.00%
    $150k-250k 9 $3,355,000 $372,778 $0 0.00%
    $50k-75k 8 $1,800,000 $225,000 $0 0.00%
    $50k or less 7 $1,635,000 $233,571 $0 0.00%
    $75k-100k 7 $1,355,000 $193,571 $0 0.00%

    Republic Bank Of Chicago lent most frequently to those with incomes in the $100k-150k range, with 10 originations. The second most popular income band? $250k+, with 10 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 290 $49,350,000 $170,172 $0 0.00%

    Republic Bank Of Chicago lent most frequently to those with DTI ratios of Exempt%, with 290 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 234 $31,230,000 $133,462 $0 0.00%
    White 44 $14,090,000 $320,227 $0 0.00%
    Not provided 7 $3,225,000 $460,714 $0 0.00%
    Black 3 $485,000 $161,667 $0 0.00%
    Asian 2 $320,000 $160,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.33%

    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
    93.45%

    Republic Bank Of Chicago has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 290 $49,350,000 $170,172

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 12 $5,830,000 $485,833
    Single Family (1-4 Units):Site-Built 278 $43,520,000 $156,547

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    Republic State Mortgage Co. Home equity loan or line of credit (HELOC) 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 $28,758
    Republic Bank of Chicago 101 Main Street West Chicago, IL 60185 Full Service B&M $33,926
    Republic Bank of Chicago 105 East Roosevelt Road West Chicago, IL 60185 Full Service B&M $20,186
    Republic Bank of Chicago 120 West Madison Avenue Chicago, IL 60602 Full Service B&M $16,666
    Republic Bank of Chicago 1510 75th Street Darien, IL 60561 Full Service B&M $111,851
    Republic Bank of Chicago 15790 South Harlem Avenue Orland Park, IL 60462 Full Service B&M $47,905
    Republic Bank of Chicago 1640 W Lake St Addison, IL 60101 Full Service B&M $67,691
    Republic Bank of Chicago 2136 South Oak Park Avenue Berwyn, IL 60402 Full Service B&M $35,303
    Republic Bank of Chicago 2221 Camden Court Oak Brook, IL 60523 Full Service B&M $610,231
    Republic Bank of Chicago 2720 Hassert Blvd. Naperville, IL 60564 Full Service B&M $68,580
    Republic Bank of Chicago 2720 West Devon Avenue Chicago, IL 60659 Full Service B&M $59,040
    Republic Bank of Chicago 4028 West 79th Street Chicago, IL 60652 Full Service B&M $40,705
    Republic Bank of Chicago 4433 West Touhy Avenue Lincolnwood, IL 60712 Full Service B&M $223,210
    Republic Bank of Chicago 5500 St. Charles Road Berkeley, IL 60163 Full Service B&M $223,584
    Republic Bank of Chicago 6400 W. Diversey Chicago, IL 60707 Full Service B&M $63,095
    Republic Bank of Chicago 6501 South Pulaski Avenue Chicago, IL 60629 Full Service B&M $50,917
    Republic Bank of Chicago 8420 West 171st Street Tinley Park, IL 60487 Full Service B&M $63,181
    Republic Bank of Chicago 9440 Joliet Road Hodgkins, IL 60525 Full Service B&M $65,255
    Republic Bank of Chicago 9530 W 131 St Palos Park, IL 60464 Full Service B&M $88,378

    For 2020, Republic Bank Of Chicago had 19 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $85,685
    Net interest income $74,271
    Total noninterest income $17,381
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $12,279
    Trading account gains and fees $0
    Additional Noninterest Income $5,102
    Pre-tax net operating income $34,826
    Securities gains (or losses, -) $698
    Income before extraordinary items $25,358
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $25,358
    Minority interest net income $0
    Net income $25,358
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $24,806

    Republic Bank Of Chicago's gross interest income from loans was $85,685,000.
    Republic Bank Of Chicago's net interest income from loans was $74,271,000.
    Republic Bank Of Chicago's fee based income from loans was $12,279,000.
    Republic Bank Of Chicago's net income from loans was $25,358,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $11,414
    Provision for credit losses $7,800
    Total noninterest expense $49,026
    Salaries and employee benefits $26,764
    Premises and equipment expense $6,021
    Additional noninterest expense $16,241
    Applicable income taxes $10,166
    Net charge-offs $1,723
    Cash dividends $9,000

    Republic Bank Of Chicago's interest expense for loans was $11,414,000.
    Republic Bank Of Chicago's payroll and benefits expense were $26,764,000.
    Republic Bank Of Chicago's property, plant and equipment expenses $6,021,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 2.0%
    Construction & Land Development loans 1.0%
    Nonfarm, nonresidential loans 3.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 2.0%
    HELOC loans 1.0%
    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 $1,930,470
    Deposits held in domestic offices $1,930,470
    Deposits by Individuals, partnerships, and corporations $1,773,992
    Deposits by U.S. Government $17
    Deposits by States and political subdivisions in the U.S. $155,468
    Deposits by Commercial banks and other depository institutions in U.S. $993
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $835,073
    Demand deposits $690,197
    Nontransaction accounts $1,095,397
    Money market deposit accounts (MMDAs) $623,600
    Other savings deposits (excluding MMDAs) $100,599
    Total time deposits $371,198
    Total time and savings deposits $1,240,273
    Noninterest-bearing deposits $690,197
    Interest-bearing deposits $1,240,273
    Retail deposits $1,803,500
    IRAs and Keogh plan accounts $52,452
    Brokered deposits $43,186
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $2,316,954
    Cash & Balances due from depository institutions $455,226
    Interest-bearing balances $137,573
    Total securities $267,343
    Federal funds sold & reverse repurchase $0
    Net loans and leases $1,492,502
    Loan and leases loss allowance $27,375
    Trading account assets $0
    Bank premises and fixed assets $66,239
    Other real estate owned $2,356
    Goodwill and other intangibles $0
    All other assets $33,288

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $2,316,954
    Total Liabilities $2,076,010
    Total deposits $1,930,470
    Interest-bearing deposits $1,240,273
    Deposits held in domestic offices $1,930,470
    % insured (estimated) $51
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $124,000
    Subordinated debt $0
    All other liabilities $21,540

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,492,502
    Loan and leases loss allowance $27,375
    Total loans and leases (domestic) $1,519,877
    All real estate loans $976,236
    Real estate loans in domestic offices $976,236
    Construction and development loans $280,746
    Residential 1-4 family construction $105,219
    Other construction, all land development and other land $175,527
    Loans secured by nonfarm nonresidential properties $444,500
    Nonfarm nonresidential secured by owner-occupied properties $103,138
    Commercial real estate & other non-farm, non-residential $341,362
    Multifamily residential real estate $85,225
    1-4 family residential loans $165,570
    Farmland loans $195
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $499,942
    To non-U.S. addressees $0
    Loans to individuals $1,158
    Credit card loans $1
    Related Plans $32
    Consumer Auto Loans $22
    Other loans to individuals $1,103
    All other loans & leases $42,541
    Loans to foreign governments and official institutions $0
    Other loans $42,541
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $20
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $4,617
    Non 1-4 family restructured loans & leases $3,619
    Total loans and leases (foreign) $0

    Republic Bank of Chicago had $1,492,502,000 of loans outstanding in 2020. $976,236,000 of loans were in real estate loans. $280,746,000 of loans were in development loans. $85,225,000 of loans were in multifamily mortgage loans. $165,570,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $1,000 of loans were in credit card loans. $22,000 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 315 $98,136 $311,543
    Nonfarm, nonresidential loans - <$100k 16 $650 $40,625
    Nonfarm, nonresidential loans - $100-250k 99 $11,539 $116,556
    Nonfarm, nonresidential loans - $250k-1MM 200 $85,947 $429,735
    Commercial & Industrial, US addressed loans - <$1MM 821 $187,290 $228,124
    Commercial & Industrial, US addressed loans - <$100k 214 $3,512 $16,411
    Commercial & Industrial, US addressed loans - $100-250k 121 $13,188 $108,992
    Commercial & Industrial, US addressed loans - $250k-1MM 486 $170,590 $351,008