Warren-boynton State Bank Mortgage Rates, Fees & Info

New Berlin, IL

LEI: 54930035X20L4YB6HD91

Tax ID: 37-0572440

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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, Chicago, Jacksonville, and Quincy among others. We have data for 10 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.

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

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

Originations

152

Origination Dollar Volume (All Markets)

$15,500,000

Employee count

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)	109	$10,735,000	$98,486	$0	0.00%
ST. LOUIS, MO-IL (FHA\|USDA\|VA)	18	$1,720,000	$95,556	$0	0.00%
Chicago-Naperville-Elgin, IL-IN-WI (FHA\|USDA\|VA)	4	$1,120,000	$280,000	$0	0.00%
Jacksonville, IL (FHA\|USDA\|VA)	9	$785,000	$87,222	$0	0.00%
Quincy, IL-MO (FHA\|USDA\|VA)	3	$235,000	$78,333	$0	0.00%
Taylorville, IL (FHA\|USDA\|VA)	3	$215,000	$71,667	$0	0.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA\|USDA\|VA)	1	$205,000	$205,000	$0	0.00%
Outside of Metro Areas	3	$195,000	$65,000	$0	0.00%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA\|USDA\|VA)	1	$165,000	$165,000	$0	0.00%
DECATUR, IL (FHA\|USDA\|VA)	1	$125,000	$125,000	$0	0.00%

Warren-boynton State Bank's top markets include Springfield, St. Louis, Chicago, Jacksonville, and Quincy among others.

Their top states include:

Illinois (FHA|USDA|VA)

Indiana (FHA|USDA|VA)

Missouri (FHA|USDA|VA)

Florida (FHA|USDA|VA)

Tennessee (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	152	$15,500,000	$101,974	$0	0.00%

For 2019, Warren-boynton State Bank's most frequently originated type of loan was Conventional, with 152 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	85	$8,365,000	$98,412	$0	0.00%
Refi	45	$4,895,000	$108,778	$0	0.00%
Cash Out Refi	15	$1,955,000	$130,333	$0	0.00%
Other	5	$145,000	$29,000	$0	0.00%
Home Improvement	2	$140,000	$70,000	$0	0.00%

For 2019, Warren-boynton State Bank's most frequently cited loan purpose was Home Purchase, with 85 originations. The 2nd most popular reason was Refi, with 45 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	152	$15,500,000	$101,974	$0	0.00%

For 2019, Warren-boynton State Bank's most frequently cited loan duration was Other, with 152 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	96	$5,160,000	$53,750	$0	0.00%
$100k-200k	38	$5,290,000	$139,211	$0	0.00%
$200k-400k	16	$3,790,000	$236,875	$0	0.00%
$400k-600k	1	$455,000	$455,000	$0	0.00%
$600k-1MM	1	$805,000	$805,000	$0	0.00%

2019 saw Warren-boynton State Bank place emphasis on $100,000 or less loans with 96 originations, totaling $5,160,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k or less	31	$1,925,000	$62,097	$0	0.00%
$50k-75k	30	$2,350,000	$78,333	$0	0.00%
$100k-150k	27	$3,485,000	$129,074	$0	0.00%
$75k-100k	17	$1,455,000	$85,588	$0	0.00%
$150k-250k	14	$1,950,000	$139,286	$0	0.00%
$250k+	7	$2,235,000	$319,286	$0	0.00%

Warren-boynton State Bank lent most frequently to those with incomes in the $50k or less range, with 31 originations. The second most popular income band? $50k-75k, with 30 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	152	$15,500,000	$101,974	$0	0.00%

Warren-boynton State Bank lent most frequently to those with DTI ratios of Exempt%, with 152 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	118	$12,510,000	$106,017	$0	0.00%
Not applicable	18	$1,460,000	$81,111	$0	0.00%
Black	11	$795,000	$72,273	$0	0.00%
Not provided	2	$460,000	$230,000	$0	0.00%
Asian	3	$275,000	$91,667	$0	0.00%

Approval Rates

Total approvals of all applications
98.08%

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
99.34%

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	152	$15,500,000	$101,974

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	4	$580,000	$145,000
Single Family (1-4 Units):Manufactured	6	$190,000	$31,667
Single Family (1-4 Units):Site-Built	142	$14,730,000	$103,732

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	$26,999
Warren-Boynton State Bank	3030 Spring Mill Drive Springfield, IL 62704	Full Service B&M	$16,237
Warren-Boynton State Bank	332 North Main Street Palmyra, IL 62674	Full Service B&M	$13,446
Warren-Boynton State Bank	702 West Illinois Street New Berlin, IL 62670	Full Service B&M	$79,960

For 2019, Warren-boynton State Bank had 4 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$7,354
Net interest income	$6,261
Total noninterest income	$705
Gross Fiduciary activities income	$30
Service charges on deposit accounts	$316
Trading account gains and fees	$0
Additional Noninterest Income	$359
Pre-tax net operating income	$2,618
Securities gains (or losses, -)	$0
Income before extraordinary items	$2,009
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$2,009
Minority interest net income	$0
Net income	$2,009
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$2,009

Warren-boynton State Bank's gross interest income from loans was $7,354,000.
Warren-boynton State Bank's net interest income from loans was $6,261,000.
Warren-boynton State Bank's fee based income from loans was $316,000.
Warren-boynton State Bank's net income from loans was $2,009,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$1,093
Provision for credit losses	$0
Total noninterest expense	$4,348
Salaries and employee benefits	$2,684
Premises and equipment expense	$498
Additional noninterest expense	$1,166
Applicable income taxes	$609
Net charge-offs	$13
Cash dividends	$750

Warren-boynton State Bank's interest expense for loans was $1,093,000.
Warren-boynton State Bank's payroll and benefits expense were $2,684,000.
Warren-boynton State Bank's property, plant and equipment expenses $498,000.

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	1.0%
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	$142,882
Deposits held in domestic offices	$142,882
Deposits by Individuals, partnerships, and corporations	$119,641
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$23,241
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	$53,659
Demand deposits	$26,049
Nontransaction accounts	$89,223
Money market deposit accounts (MMDAs)	$17,642
Other savings deposits (excluding MMDAs)	$17,893
Total time deposits	$53,689
Total time and savings deposits	$116,833
Noninterest-bearing deposits	$26,049
Interest-bearing deposits	$116,833
Retail deposits	$124,722
IRAs and Keogh plan accounts	$3,650
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$174,165
Cash & Balances due from depository institutions	$3,806
Interest-bearing balances	$1,198
Total securities	$41,183
Federal funds sold & reverse repurchase	$2,299
Net loans and leases	$120,985
Loan and leases loss allowance	$1,363
Trading account assets	$0
Bank premises and fixed assets	$1,622
Other real estate owned	$0
Goodwill and other intangibles	$903
All other assets	$3,367

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$174,165
Total Liabilities	$149,754
Total deposits	$142,882
Interest-bearing deposits	$116,833
Deposits held in domestic offices	$142,882
% insured (estimated)	$80
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$5,000
Subordinated debt	$0
All other liabilities	$1,872

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$120,985
Loan and leases loss allowance	$1,363
Total loans and leases (domestic)	$122,348
All real estate loans	$85,399
Real estate loans in domestic offices	$85,399
Construction and development loans	$1,712
Residential 1-4 family construction	$1,634
Other construction, all land development and other land	$78
Loans secured by nonfarm nonresidential properties	$25,005
Nonfarm nonresidential secured by owner-occupied properties	$2,975
Commercial real estate & other non-farm, non-residential	$22,030
Multifamily residential real estate	$3,805
1-4 family residential loans	$32,705
Farmland loans	$22,172
Loans held in foreign offices	$0
Farm loans	$13,541
Commercial and industrial loans	$16,547
To non-U.S. addressees	$0
Loans to individuals	$3,690
Credit card loans	$0
Related Plans	$10
Consumer Auto Loans	$2,467
Other loans to individuals	$1,213
All other loans & leases	$3,170
Loans to foreign governments and official institutions	$0
Other loans	$14
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	$1,798
Non 1-4 family restructured loans & leases	$1,798
Total loans and leases (foreign)	$0

Warren-Boynton State Bank had $120,985,000 of loans outstanding in 2019. $85,399,000 of loans were in real estate loans. $1,712,000 of loans were in development loans. $3,805,000 of loans were in multifamily mortgage loans. $32,705,000 of loans were in 1-4 family mortgage loans. $13,541,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,467,000 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	116	$15,693	$135,284
Nonfarm, nonresidential loans - <$100k	63	$2,399	$38,079
Nonfarm, nonresidential loans - $100-250k	33	$4,020	$121,818
Nonfarm, nonresidential loans - $250k-1MM	20	$9,274	$463,700
Commercial & Industrial, US addressed loans - <$1MM	203	$10,351	$50,990
Commercial & Industrial, US addressed loans - <$100k	173	$3,795	$21,936
Commercial & Industrial, US addressed loans - $100-250k	21	$2,779	$132,333
Commercial & Industrial, US addressed loans - $250k-1MM	9	$3,777	$419,667
Farmland loans - <$1MM	106	$14,195	$133,915
Farmland loans - <$100k	31	$1,447	$46,677
Farmland loans - $100-250k	44	$4,283	$97,341
Farmland loans - $250k-1MM	31	$8,465	$273,065
Agriculture operations loans - <$1MM	167	$10,210	$61,138
Agriculture operations loans - <$100k	114	$2,809	$24,640
Agriculture operations loans - $100-250k	40	$3,825	$95,625
Agriculture operations loans - $250k-1MM	13	$3,576	$275,077