Warren-boynton State Bank Mortgage Rates, Fees & Info

New Berlin, IL

LEI: 54930035X20L4YB6HD91

Tax ID: 37-0572440

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Warren-boynton State Bank is a smaller bank specializing in Home Purchase and Refi loans. Warren-boynton State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Springfield, St. Louis, Jacksonville, Chicago, and Taylorville among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Warren-boynton State Bank 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.

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    Originations

    103

    Origination Dollar Volume (All Markets)

    $11,165,000

    Employee count

    33

    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
    SPRINGFIELD, IL (FHA|USDA|VA) 71 $7,355,000 $103,592 $0 0.00%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 14 $1,580,000 $112,857 $0 0.00%
    Jacksonville, IL (FHA|USDA|VA) 8 $1,110,000 $138,750 $0 0.00%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 2 $430,000 $215,000 $0 0.00%
    Outside of Metro Areas 5 $425,000 $85,000 $0 0.00%
    Taylorville, IL (FHA|USDA|VA) 2 $210,000 $105,000 $0 0.00%
    Lincoln, IL (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
    Warren-boynton State Bank's top markets include Springfield, St. Louis, Jacksonville, Chicago, and Taylorville among others.

    Their top states include:
  • Illinois (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 103 $11,165,000 $108,398 $0 0.00%

    For 2018, Warren-boynton State Bank's most frequently originated type of loan was Conventional, with 103 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 67 $6,945,000 $103,657 $0 0.00%
    Refi 23 $2,465,000 $107,174 $0 0.00%
    Cash Out Refi 7 $1,345,000 $192,143 $0 0.00%
    Home Improvement 5 $355,000 $71,000 $0 0.00%
    Other 1 $55,000 $55,000 $0 0.00%

    For 2018, Warren-boynton State Bank's most frequently cited loan purpose was Home Purchase, with 67 originations. The 2nd most popular reason was Refi, with 23 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 103 $11,165,000 $108,398 $0 0.00%

    For 2018, Warren-boynton State Bank's most frequently cited loan duration was Other, with 103 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 61 $3,095,000 $50,738 $0 0.00%
    $100k-200k 29 $4,125,000 $142,241 $0 0.00%
    $200k-400k 11 $2,895,000 $263,182 $0 0.00%
    $400k-600k 2 $1,050,000 $525,000 $0 0.00%

    2018 saw Warren-boynton State Bank place emphasis on $100,000 or less loans with 61 originations, totaling $3,095,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 32 $2,600,000 $81,250 $0 0.00%
    $50k-75k 20 $1,460,000 $73,000 $0 0.00%
    $100k-150k 15 $2,115,000 $141,000 $0 0.00%
    $150k-250k 9 $2,105,000 $233,889 $0 0.00%
    $75k-100k 8 $860,000 $107,500 $0 0.00%
    $250k+ 5 $705,000 $141,000 $0 0.00%

    Warren-boynton State Bank lent most frequently to those with incomes in the $50k or less range, with 32 originations. The second most popular income band? $50k-75k, with 20 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 103 $11,165,000 $108,398 $0 0.00%

    Warren-boynton State Bank lent most frequently to those with DTI ratios of Exempt%, with 103 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 85 $9,565,000 $112,529 $0 0.00%
    Not applicable 14 $1,320,000 $94,286 $0 0.00%
    Not provided 2 $190,000 $95,000 $0 0.00%
    Black 2 $90,000 $45,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.30%

    Warren-boynton State Bank 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
    95.15%

    Warren-boynton State Bank 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 103 $11,165,000 $108,398

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 5 $1,685,000 $337,000
    Single Family (1-4 Units):Manufactured 6 $280,000 $46,667
    Single Family (1-4 Units):Site-Built 92 $9,200,000 $100,000

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Warren-Boynton State Bank 201 East State Street Modesto, IL 62667 Full Service B&M $26,714
    Warren-Boynton State Bank 3030 Spring Mill Drive Springfield, IL 62704 Full Service B&M $19,478
    Warren-Boynton State Bank 332 North Main Street Palmyra, IL 62674 Full Service B&M $13,016
    Warren-Boynton State Bank 702 West Illinois Street New Berlin, IL 62670 Full Service B&M $82,824

    For 2018, Warren-boynton State Bank had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $6,953
    Net interest income $6,266
    Total noninterest income $657
    Gross Fiduciary activities income $31
    Service charges on deposit accounts $255
    Trading account gains and fees $0
    Additional Noninterest Income $371
    Pre-tax net operating income $2,613
    Securities gains (or losses, -) $0
    Income before extraordinary items $2,011
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,011
    Minority interest net income $0
    Net income $2,011
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,011

    Warren-boynton State Bank's gross interest income from loans was $6,953,000.
    Warren-boynton State Bank's net interest income from loans was $6,266,000.
    Warren-boynton State Bank's fee based income from loans was $255,000.
    Warren-boynton State Bank's net income from loans was $2,011,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $687
    Provision for credit losses $0
    Total noninterest expense $4,310
    Salaries and employee benefits $2,644
    Premises and equipment expense $532
    Additional noninterest expense $1,134
    Applicable income taxes $602
    Net charge-offs $40
    Cash dividends $770

    Warren-boynton State Bank's interest expense for loans was $687,000.
    Warren-boynton State Bank's payroll and benefits expense were $2,644,000.
    Warren-boynton State Bank's property, plant and equipment expenses $532,000.

    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 $138,434
    Deposits held in domestic offices $138,434
    Deposits by Individuals, partnerships, and corporations $117,878
    Deposits by U.S. Government $1
    Deposits by States and political subdivisions in the U.S. $20,556
    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 $52,408
    Demand deposits $26,804
    Nontransaction accounts $86,027
    Money market deposit accounts (MMDAs) $20,505
    Other savings deposits (excluding MMDAs) $19,636
    Total time deposits $45,885
    Total time and savings deposits $111,631
    Noninterest-bearing deposits $26,804
    Interest-bearing deposits $111,630
    Retail deposits $124,038
    IRAs and Keogh plan accounts $4,186
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $172,613
    Cash & Balances due from depository institutions $4,272
    Interest-bearing balances $1,290
    Total securities $41,198
    Federal funds sold & reverse repurchase $6
    Net loans and leases $121,082
    Loan and leases loss allowance $1,375
    Trading account assets $0
    Bank premises and fixed assets $1,668
    Other real estate owned $0
    Goodwill and other intangibles $970
    All other assets $3,417

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $172,612
    Total Liabilities $150,271
    Total deposits $138,434
    Interest-bearing deposits $111,630
    Deposits held in domestic offices $138,434
    % insured (estimated) $81
    Federal funds purchased and repurchase agreements $2,592
    Trading liabilities $0
    Other borrowed funds $8,000
    Subordinated debt $0
    All other liabilities $1,245

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $121,082
    Loan and leases loss allowance $1,375
    Total loans and leases (domestic) $122,457
    All real estate loans $82,833
    Real estate loans in domestic offices $82,833
    Construction and development loans $1,204
    Residential 1-4 family construction $1,158
    Other construction, all land development and other land $46
    Loans secured by nonfarm nonresidential properties $27,815
    Nonfarm nonresidential secured by owner-occupied properties $3,377
    Commercial real estate & other non-farm, non-residential $24,438
    Multifamily residential real estate $5,474
    1-4 family residential loans $28,912
    Farmland loans $19,428
    Loans held in foreign offices $0
    Farm loans $17,139
    Commercial and industrial loans $18,340
    To non-U.S. addressees $0
    Loans to individuals $3,666
    Credit card loans $0
    Related Plans $8
    Consumer Auto Loans $2,587
    Other loans to individuals $1,071
    All other loans & leases $479
    Loans to foreign governments and official institutions $0
    Other loans $0
    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 $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Warren-Boynton State Bank had $121,082,000 of loans outstanding in 2018. $82,833,000 of loans were in real estate loans. $1,204,000 of loans were in development loans. $5,474,000 of loans were in multifamily mortgage loans. $28,912,000 of loans were in 1-4 family mortgage loans. $17,139,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,587,000 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 122 $15,562 $127,557
    Nonfarm, nonresidential loans - <$100k 69 $2,739 $39,696
    Nonfarm, nonresidential loans - $100-250k 34 $4,096 $120,471
    Nonfarm, nonresidential loans - $250k-1MM 19 $8,727 $459,316
    Commercial & Industrial, US addressed loans - <$1MM 175 $9,945 $56,829
    Commercial & Industrial, US addressed loans - <$100k 138 $2,740 $19,855
    Commercial & Industrial, US addressed loans - $100-250k 27 $3,142 $116,370
    Commercial & Industrial, US addressed loans - $250k-1MM 10 $4,063 $406,300
    Farmland loans - <$1MM 102 $12,518 $122,725
    Farmland loans - <$100k 34 $1,376 $40,471
    Farmland loans - $100-250k 41 $3,906 $95,268
    Farmland loans - $250k-1MM 27 $7,236 $268,000
    Agriculture operations loans - <$1MM 194 $12,089 $62,314
    Agriculture operations loans - <$100k 134 $3,376 $25,194
    Agriculture operations loans - $100-250k 43 $4,702 $109,349
    Agriculture operations loans - $250k-1MM 17 $4,011 $235,941