State Bank Of Graymont Mortgage Rates, Fees & Info

Livingston, IL

LEI: 5493003P1OKUPLVJ7M37

Tax ID: 37-0532770

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Mortgage Data

Bank Data

Review & Overview

State Bank Of Graymont is a smaller bank specializing in Home Purchase and Refi loans. State Bank Of Graymont has a high proportion of conventional loans. Their top markets by origination volume include: Pontiac, Bloomington, Chicago, Peoria, and Lincoln among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

State Bank Of Graymont 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

115

Origination Dollar Volume (All Markets)

$9,405,000

Employee count

43

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
Pontiac, IL (FHA|USDA|VA) 91 $7,355,000 $80,824 $0 0.00%
BLOOMINGTON, IL (FHA|USDA|VA) 14 $1,550,000 $110,714 $0 0.00%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 2 $210,000 $105,000 $0 0.00%
PEORIA, IL (FHA|USDA|VA) 4 $110,000 $27,500 $0 0.00%
Lincoln, IL (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
Ottawa, IL (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
Outside of Metro Areas 1 $35,000 $35,000 $0 0.00%
CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 1 $25,000 $25,000 $0 0.00%
State Bank Of Graymont's top markets include Pontiac, Bloomington, Chicago, Peoria, and Lincoln among others.

Their top states include:
  • Illinois (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 107 $8,755,000 $81,822 $0 0.00%
    USDA 8 $650,000 $81,250 $0 0.00%

    For 2018, State Bank Of Graymont's most frequently originated type of loan was Conventional, with 107 originations. Their 2nd most popular type was USDA, with 8 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 64 $5,280,000 $82,500 $0 0.00%
    Refi 28 $2,360,000 $84,286 $0 0.00%
    Home Improvement 8 $430,000 $53,750 $0 0.00%
    Other 8 $540,000 $67,500 $0 0.00%
    Cash Out Refi 7 $795,000 $113,571 $0 0.00%

    For 2018, State Bank Of Graymont's most frequently cited loan purpose was Home Purchase, with 64 originations. The 2nd most popular reason was Refi, with 28 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 115 $9,405,000 $81,783 $0 0.00%

    For 2018, State Bank Of Graymont's most frequently cited loan duration was Other, with 115 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 83 $4,565,000 $55,000 $0 0.00%
    $100k-200k 25 $3,105,000 $124,200 $0 0.00%
    $200k-400k 7 $1,735,000 $247,857 $0 0.00%

    2018 saw State Bank Of Graymont place emphasis on $100,000 or less loans with 83 originations, totaling $4,565,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 41 $2,245,000 $54,756 $0 0.00%
    $50k-75k 28 $2,660,000 $95,000 $0 0.00%
    $100k-150k 18 $1,700,000 $94,444 $0 0.00%
    $75k-100k 18 $1,470,000 $81,667 $0 0.00%
    $150k-250k 8 $1,010,000 $126,250 $0 0.00%
    $250k+ 2 $320,000 $160,000 $0 0.00%

    State Bank Of Graymont lent most frequently to those with incomes in the $50k or less range, with 41 originations. The second most popular income band? $50k-75k, with 28 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 115 $9,405,000 $81,783 $0 0.00%

    State Bank Of Graymont lent most frequently to those with DTI ratios of Exempt%, with 115 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 114 $9,350,000 $82,018 $0 0.00%
    Black 1 $55,000 $55,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.40%

    State Bank Of Graymont has an average approval rate.

    Pick Rate

    Approvals leading to origination
    97.39%

    State Bank Of Graymont 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 115 $9,405,000 $81,783

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 3 $145,000 $48,333
    Single Family (1-4 Units):Site-Built 112 $9,260,000 $82,679

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    STATE FARM BANK, FSB Conventional home mortgage Closing on a mortgage 1 8.3%
    STATE FARM BANK, FSB Conventional home mortgage Struggling to pay mortgage 1 8.3%
    STATE FARM BANK, FSB Conventional home mortgage Trouble during payment process 6 50.0%
    STATE FARM BANK, FSB Home equity loan or line of credit (HELOC) Trouble during payment process 2 16.7%
    STATE FARM BANK, FSB Other type of mortgage Trouble during payment process 2 16.7%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    State Bank of Graymont 1100 West Howard Street Pontiac, IL 61764 Full Service B&M $92,309
    State Bank of Graymont 204 Main Street Graymont, IL 61743 Full Service B&M $62,970
    State Bank of Graymont 314 Crittenden Chenoa, IL 61726 Full Service B&M $25,591

    For 2018, State Bank Of Graymont had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $7,472
    Net interest income $6,298
    Total noninterest income $859
    Gross Fiduciary activities income $147
    Service charges on deposit accounts $102
    Trading account gains and fees $0
    Additional Noninterest Income $610
    Pre-tax net operating income $2,556
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,957
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,957
    Minority interest net income $0
    Net income $1,957
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,957

    State Bank Of Graymont's gross interest income from loans was $7,472,000.
    State Bank Of Graymont's net interest income from loans was $6,298,000.
    State Bank Of Graymont's fee based income from loans was $102,000.
    State Bank Of Graymont's net income from loans was $1,957,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,174
    Provision for credit losses $145
    Total noninterest expense $4,456
    Salaries and employee benefits $3,009
    Premises and equipment expense $577
    Additional noninterest expense $870
    Applicable income taxes $599
    Net charge-offs $-20
    Cash dividends $147

    State Bank Of Graymont's interest expense for loans was $1,174,000.
    State Bank Of Graymont's payroll and benefits expense were $3,009,000.
    State Bank Of Graymont's property, plant and equipment expenses $577,000.

    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 1.0%
    HELOC loans 0.0%
    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 $176,099
    Deposits held in domestic offices $176,099
    Deposits by Individuals, partnerships, and corporations $160,831
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $15,107
    Deposits by Commercial banks and other depository institutions in U.S. $161
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $56,005
    Demand deposits $24,706
    Nontransaction accounts $120,094
    Money market deposit accounts (MMDAs) $77,955
    Other savings deposits (excluding MMDAs) $0
    Total time deposits $42,139
    Total time and savings deposits $151,393
    Noninterest-bearing deposits $25,500
    Interest-bearing deposits $150,599
    Retail deposits $168,204
    IRAs and Keogh plan accounts $20,250
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $201,168
    Cash & Balances due from depository institutions $6,061
    Interest-bearing balances $885
    Total securities $45,329
    Federal funds sold & reverse repurchase $3,634
    Net loans and leases $139,734
    Loan and leases loss allowance $1,019
    Trading account assets $0
    Bank premises and fixed assets $1,452
    Other real estate owned $56
    Goodwill and other intangibles $651
    All other assets $4,251

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $201,168
    Total Liabilities $177,153
    Total deposits $176,099
    Interest-bearing deposits $150,599
    Deposits held in domestic offices $176,099
    % insured (estimated) $87
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $1,054

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $139,734
    Loan and leases loss allowance $1,019
    Total loans and leases (domestic) $140,753
    All real estate loans $83,824
    Real estate loans in domestic offices $83,824
    Construction and development loans $480
    Residential 1-4 family construction $480
    Other construction, all land development and other land $0
    Loans secured by nonfarm nonresidential properties $19,512
    Nonfarm nonresidential secured by owner-occupied properties $0
    Commercial real estate & other non-farm, non-residential $19,512
    Multifamily residential real estate $484
    1-4 family residential loans $16,689
    Farmland loans $46,659
    Loans held in foreign offices $0
    Farm loans $34,381
    Commercial and industrial loans $17,046
    To non-U.S. addressees $0
    Loans to individuals $3,950
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $1,831
    Other loans to individuals $2,119
    All other loans & leases $1,552
    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 $579
    Non 1-4 family restructured loans & leases $579
    Total loans and leases (foreign) $0

    State Bank of Graymont had $139,734,000 of loans outstanding in 2018. $83,824,000 of loans were in real estate loans. $480,000 of loans were in development loans. $484,000 of loans were in multifamily mortgage loans. $16,689,000 of loans were in 1-4 family mortgage loans. $34,381,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,831,000 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 50 $7,633 $152,660
    Nonfarm, nonresidential loans - <$100k 24 $891 $37,125
    Nonfarm, nonresidential loans - $100-250k 12 $1,545 $128,750
    Nonfarm, nonresidential loans - $250k-1MM 14 $5,197 $371,214
    Commercial & Industrial, US addressed loans - <$1MM 75 $5,903 $78,707
    Commercial & Industrial, US addressed loans - <$100k 47 $1,303 $27,723
    Commercial & Industrial, US addressed loans - $100-250k 18 $1,540 $85,556
    Commercial & Industrial, US addressed loans - $250k-1MM 10 $3,060 $306,000
    Farmland loans - <$1MM 98 $14,318 $146,102
    Farmland loans - <$100k 27 $1,302 $48,222
    Farmland loans - $100-250k 42 $5,208 $124,000
    Farmland loans - $250k-1MM 29 $7,808 $269,241
    Agriculture operations loans - <$1MM 169 $14,543 $86,053
    Agriculture operations loans - <$100k 86 $2,487 $28,919
    Agriculture operations loans - $100-250k 48 $4,752 $99,000
    Agriculture operations loans - $250k-1MM 35 $7,304 $208,686