Republic Bank Of Chicago Mortgage Rates, Fees & Info
Oak Brook, ILLEI: 5493002Q5MB21VG7B390
Tax ID: 36-2533919
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Mortgage Data
Bank Data
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 two markets are Chicago and Rockford .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.
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Originations
232Origination Dollar Volume (All Markets)
$59,940,000Employee count
258Top 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) | 230 | $57,860,000 | $251,565 | $0 | 0.00% |
| ROCKFORD, IL (FHA|USDA|VA) | 2 | $2,080,000 | $1,040,000 | $0 | 0.00% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 232 | $59,940,000 | $258,362 | $0 | 0.00% |
For 2021, Republic Bank Of Chicago's most frequently originated type of loan was Conventional, with 232 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 215 | $43,965,000 | $204,488 | $0 | 0.00% |
| Refi | 13 | $12,755,000 | $981,154 | $0 | 0.00% |
| Cash Out Refi | 4 | $3,220,000 | $805,000 | $0 | 0.00% |
For 2021, Republic Bank Of Chicago's most frequently cited loan purpose was Home Purchase, with 215 originations. The 2nd most popular reason was Refi, with 13 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 232 | $59,940,000 | $258,362 | $0 | 0.00% |
For 2021, Republic Bank Of Chicago's most frequently cited loan duration was Other, with 232 originations.
Loan Sizing
2021 saw Republic Bank Of Chicago place emphasis on $100k-200k loans with 113 originations, totaling $15,685,000 in origination value.
Applicant Income
Republic Bank Of Chicago lent most frequently to those with incomes in the $50k or less range, with 3 originations. The second most popular income band? $150k-250k, with 2 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 232 | $59,940,000 | $258,362 | $0 | 0.00% |
Republic Bank Of Chicago lent most frequently to those with DTI ratios of Exempt%, with 232 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 223 | $56,515,000 | $253,430 | $0 | 0.00% |
| White | 9 | $3,425,000 | $380,556 | $0 | 0.00% |
Approval Rates
Total approvals of all applications100.00%
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 origination96.55%
Republic Bank Of Chicago has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 232 | $59,940,000 | $258,362 |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Republic Bank of Chicago | 101 Main Street West Chicago, IL 60185 | Full Service B&M | $36,887 |
| Republic Bank of Chicago | 105 East Roosevelt Road West Chicago, IL 60185 | Full Service B&M | $22,579 |
| Republic Bank of Chicago | 120 West Madison Avenue Chicago, IL 60602 | Full Service B&M | $17,725 |
| Republic Bank of Chicago | 1510 75th Street Darien, IL 60561 | Full Service B&M | $142,194 |
| Republic Bank of Chicago | 15790 South Harlem Avenue Orland Park, IL 60462 | Full Service B&M | $42,825 |
| Republic Bank of Chicago | 1640 W Lake St Addison, IL 60101 | Full Service B&M | $73,439 |
| Republic Bank of Chicago | 175 E. Hawthorn Parkway Vernon Hills, IL 60061 | Full Service B&M | $10,153 |
| Republic Bank of Chicago | 2136 South Oak Park Avenue Berwyn, IL 60402 | Full Service B&M | $36,361 |
| Republic Bank of Chicago | 2221 Camden Court Oak Brook, IL 60523 | Full Service B&M | $849,495 |
| Republic Bank of Chicago | 2720 Hassert Blvd. Naperville, IL 60564 | Full Service B&M | $67,342 |
| Republic Bank of Chicago | 2720 West Devon Avenue Chicago, IL 60659 | Full Service B&M | $63,828 |
| Republic Bank of Chicago | 4028 West 79th Street Chicago, IL 60652 | Full Service B&M | $40,968 |
| Republic Bank of Chicago | 4433 West Touhy Avenue Lincolnwood, IL 60712 | Full Service B&M | $208,600 |
| Republic Bank of Chicago | 5500 St. Charles Road Berkeley, IL 60163 | Full Service B&M | $253,711 |
| Republic Bank of Chicago | 6400 W. Diversey Chicago, IL 60707 | Full Service B&M | $61,146 |
| Republic Bank of Chicago | 6501 South Pulaski Avenue Chicago, IL 60629 | Full Service B&M | $54,258 |
| Republic Bank of Chicago | 8420 West 171st Street Tinley Park, IL 60487 | Full Service B&M | $59,407 |
| Republic Bank of Chicago | 9440 Joliet Road Hodgkins, IL 60525 | Full Service B&M | $65,961 |
| Republic Bank of Chicago | 9530 W 131 St Palos Park, IL 60464 | Full Service B&M | $87,356 |
For 2021, Republic Bank Of Chicago had 19 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $80,639 |
| Net interest income | $76,510 |
| Total noninterest income | $23,144 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $17,611 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $5,533 |
| Pre-tax net operating income | $56,601 |
| Securities gains (or losses, -) | $1,283 |
| Income before extraordinary items | $41,806 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $41,806 |
| Minority interest net income | $0 |
| Net income | $41,806 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $40,792 |
Republic Bank Of Chicago's gross interest income from loans was $80,639,000.
Republic Bank Of Chicago's net interest income from loans was $76,510,000.
Republic Bank Of Chicago's fee based income from loans was $17,611,000.
Republic Bank Of Chicago's net income from loans was $41,806,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $4,129 |
| Provision for credit losses | $-3,000 |
| Total noninterest expense | $46,053 |
| Salaries and employee benefits | $21,517 |
| Premises and equipment expense | $5,678 |
| Additional noninterest expense | $18,858 |
| Applicable income taxes | $16,078 |
| Net charge-offs | $1,771 |
| Cash dividends | $12,000 |
Republic Bank Of Chicago's interest expense for loans was $4,129,000.
Republic Bank Of Chicago's payroll and benefits expense were $21,517,000.
Republic Bank Of Chicago's property, plant and equipment expenses $5,678,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 1.0% |
| Real Estate loans | 1.0% |
| Construction & Land Development loans | 0.0% |
| Nonfarm, nonresidential loans | 2.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 1.0% |
| HELOC loans | 1.0% |
| All other family | 1.0% |
| 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 | $2,120,601 |
| Deposits held in domestic offices | $2,120,601 |
| Deposits by Individuals, partnerships, and corporations | $1,931,553 |
| Deposits by U.S. Government | $7 |
| Deposits by States and political subdivisions in the U.S. | $189,041 |
| 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 | $1,000,079 |
| Demand deposits | $805,752 |
| Nontransaction accounts | $1,120,522 |
| Money market deposit accounts (MMDAs) | $678,687 |
| Other savings deposits (excluding MMDAs) | $115,926 |
| Total time deposits | $325,909 |
| Total time and savings deposits | $1,314,849 |
| Noninterest-bearing deposits | $805,752 |
| Interest-bearing deposits | $1,314,849 |
| Retail deposits | $2,014,356 |
| IRAs and Keogh plan accounts | $48,759 |
| Brokered deposits | $35,008 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $2,526,113 |
| Cash & Balances due from depository institutions | $514,655 |
| Interest-bearing balances | $226,305 |
| Total securities | $456,646 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $1,458,519 |
| Loan and leases loss allowance | $22,604 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $65,116 |
| Other real estate owned | $5,458 |
| Goodwill and other intangibles | $0 |
| All other assets | $25,719 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $2,526,113 |
| Total Liabilities | $2,260,241 |
| Total deposits | $2,120,601 |
| Interest-bearing deposits | $1,314,849 |
| Deposits held in domestic offices | $2,120,601 |
| % insured (estimated) | $45 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $120,000 |
| Subordinated debt | $0 |
| All other liabilities | $19,640 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $1,458,519 |
| Loan and leases loss allowance | $22,604 |
| Total loans and leases (domestic) | $1,481,123 |
| All real estate loans | $978,140 |
| Real estate loans in domestic offices | $978,140 |
| Construction and development loans | $243,216 |
| Residential 1-4 family construction | $81,179 |
| Other construction, all land development and other land | $162,037 |
| Loans secured by nonfarm nonresidential properties | $474,036 |
| Nonfarm nonresidential secured by owner-occupied properties | $111,767 |
| Commercial real estate & other non-farm, non-residential | $362,269 |
| Multifamily residential real estate | $123,634 |
| 1-4 family residential loans | $137,059 |
| Farmland loans | $195 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $448,391 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $1,028 |
| Credit card loans | $2 |
| Related Plans | $29 |
| Consumer Auto Loans | $15 |
| Other loans to individuals | $982 |
| All other loans & leases | $53,564 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $50,601 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $15 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $6,030 |
| Non 1-4 family restructured loans & leases | $5,286 |
| Total loans and leases (foreign) | $0 |
Republic Bank of Chicago had $1,458,519,000 of loans outstanding in 2021. $978,140,000 of loans were in real estate loans. $243,216,000 of loans were in development loans. $123,634,000 of loans were in multifamily mortgage loans. $137,059,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $2,000 of loans were in credit card loans. $15,000 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 | 297 | $93,599 | $315,148 |
| Nonfarm, nonresidential loans - <$100k | 13 | $539 | $41,462 |
| Nonfarm, nonresidential loans - $100-250k | 86 | $10,314 | $119,930 |
| Nonfarm, nonresidential loans - $250k-1MM | 198 | $82,746 | $417,909 |
| Commercial & Industrial, US addressed loans - <$1MM | 786 | $160,968 | $204,794 |
| Commercial & Industrial, US addressed loans - <$100k | 213 | $2,979 | $13,986 |
| Commercial & Industrial, US addressed loans - $100-250k | 117 | $11,265 | $96,282 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 456 | $146,724 | $321,763 |