Town And Country Bank Mortgage Rates, Fees & Info

Springfield, IL

LEI: 54930055WXO1SUC1AH62

Tax ID: 37-0808754

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

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  • SimulatedRates™
  • Mortgage Calculator

    • 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

    Town And Country Bank is a smaller bank specializing in Home Purchase and Refi loans. Town And Country Bank has a high proportion of conventional loans. Their top markets by origination volume include: St. Louis, Springfield, Quincy, Bloomington, and Decatur among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Town And Country 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.27% 3/24/24
    30 Year Conventional Refi 6.27% 3/24/24
    30 Year Cash-out Refi 6.27% 3/24/24
    30 Year FHA Purchase 6.27% 3/24/24
    30 Year VA Purchase 6.27% 3/24/24
    30 Year USDA Purchase 6.27% 3/24/24
    15 Year Conventional Purchase 5.68% 3/24/24
    15 Year Conventional Refi 5.68% 3/24/24
    15 Year Cash-out Refi 5.68% 3/24/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Town And Country Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Town And Country Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    106

    Origination Dollar Volume (All Markets)

    $19,320,000

    Employee count

    183

    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
    ST. LOUIS, MO-IL (FHA|USDA|VA) 24 $7,400,000 $308,333 $653 5.10%
    SPRINGFIELD, IL (FHA|USDA|VA) 40 $4,300,000 $107,500 $568 5.30%
    Outside of Metro Areas 7 $2,485,000 $355,000 $746 5.61%
    Quincy, IL-MO (FHA|USDA|VA) 11 $2,035,000 $185,000 $556 4.91%
    BLOOMINGTON, IL (FHA|USDA|VA) 4 $1,700,000 $425,000 $0 4.27%
    DECATUR, IL (FHA|USDA|VA) 13 $515,000 $39,615 $741 6.11%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $405,000 $405,000 $0 4.55%
    Lincoln, IL (FHA|USDA|VA) 2 $380,000 $190,000 $672 5.92%
    Jacksonville, IL (FHA|USDA|VA) 2 $50,000 $25,000 $542 5.33%
    Taylorville, IL (FHA|USDA|VA) 2 $50,000 $25,000 $300 7.49%
    Town And Country Bank's top markets include St. Louis, Springfield, Quincy, Bloomington, and Decatur among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 106 $19,320,000 $182,264 $597 5.34%

    For 2019, Town And Country Bank's most frequently originated type of loan was Conventional, with 106 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 53 $10,625,000 $200,472 $761 5.07%
    Refi 34 $7,750,000 $227,941 $0 5.06%
    Home Improvement 10 $620,000 $62,000 $667 6.63%
    Other 9 $325,000 $36,111 $523 6.61%

    For 2019, Town And Country Bank's most frequently cited loan purpose was Home Purchase, with 53 originations. The 2nd most popular reason was Refi, with 34 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    5 Year 38 $7,490,000 $197,105 $603 5.07%
    10 Year 32 $6,690,000 $209,063 $570 5.65%
    Other 15 $2,735,000 $182,333 $738 5.31%
    15 Year 11 $1,385,000 $125,909 $488 5.32%
    1 Year 9 $1,015,000 $112,778 $0 5.42%
    3 Year 1 $5,000 $5,000 $0 6.00%

    For 2019, Town And Country Bank's most frequently cited loan duration was 5 Year, with 38 originations. The 2nd most popular length was 10 Year, with 32 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 17 $545,000 $32,059

    Town And Country Bank's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 17 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 46 $11,680,000 $253,913
    5-6% 42 $4,890,000 $116,429
    7-8% 8 $300,000 $37,500
    6-7% 7 $235,000 $33,571
    3-4% 2 $2,190,000 $1,095,000
    % 1 $25,000 $25,000

    During 2019, Town And Country Bank's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 46 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 70 $3,250,000 $46,429 $597 5.64%
    $100k-200k 18 $2,430,000 $135,000 $0 4.80%
    $200k-400k 8 $2,500,000 $312,500 $0 5.07%
    $1MM+ 5 $8,495,000 $1,699,000 $0 4.53%
    $400k-600k 4 $1,860,000 $465,000 $0 4.61%
    $600k-1MM 1 $785,000 $785,000 $0 4.00%

    2019 saw Town And Country Bank place emphasis on $100,000 or less loans with 70 originations, totaling $3,250,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 17 $1,065,000 $62,647 $585 5.83%
    $150k-250k 9 $615,000 $68,333 $657 4.92%
    $50k-75k 8 $220,000 $27,500 $617 5.96%
    $100k-150k 7 $835,000 $119,286 $567 5.80%
    $75k-100k 7 $365,000 $52,143 $579 6.41%
    $250k+ 2 $2,080,000 $1,040,000 $0 4.45%

    Town And Country Bank lent most frequently to those with incomes in the $50k or less range, with 17 originations. The second most popular income band? $150k-250k, with 9 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 3 $75,000 $25,000 $639 6.34%
    20-30% 2 $70,000 $35,000 $553 7.49%
    30-36% 2 $60,000 $30,000 $658 6.91%
    39% 2 $50,000 $25,000 $650 6.94%
    45% 2 $120,000 $60,000 $441 6.79%
    36% 1 $25,000 $25,000 $537 6.29%
    40% 1 $15,000 $15,000 $778 6.79%
    41% 1 $55,000 $55,000 $646 7.89%
    44% 1 $15,000 $15,000 $761 7.89%
    46% 1 $45,000 $45,000 $511 5.99%
    37% 1 $15,000 $15,000 $388 5.99%

    Town And Country Bank lent most frequently to those with DTI ratios of <20%, with 3 originations. The next most common DTI ratio? 20-30%, with 2 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 49 $12,045,000 $245,816 $0 4.97%
    White 50 $7,040,000 $140,800 $564 5.53%
    Not provided 4 $180,000 $45,000 $648 7.14%
    Black 3 $55,000 $18,333 $778 6.07%

    Approval Rates

    Total approvals of all applications
    97.46%

    Town And Country 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
    92.45%

    Town And Country Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 106 $19,320,000 $182,264

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 21 $11,255,000 $535,952
    Single Family (1-4 Units):Manufactured 1 $25,000 $25,000
    Single Family (1-4 Units):Site-Built 84 $8,040,000 $95,714

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 12 $1,090,000 $90,833 $645 6.24%
    40-60% 20 $3,600,000 $180,000 $488 4.91%
    60-80% 37 $6,015,000 $162,568 $556 5.18%
    80-100% 24 $8,170,000 $340,417 $0 5.08%
    Over 100% 1 $25,000 $25,000 $0 6.00%
    Under 20% 12 $420,000 $35,000 $563 6.15%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Town And Country Bank 10 Terra Verde Edwardsville, IL 62025 Full Service B&M $35,433
    Town And Country Bank 100 West Elm Street Buffalo, IL 62515 Full Service B&M $22,356
    Town And Country Bank 1604 West Morton Avenue Jacksonville, IL 62650 Full Service B&M $72,136
    Town And Country Bank 1645 Illinois Highway 121 Mount Zion, IL 62549 Full Service B&M $23,664
    Town And Country Bank 1925 South Macarthur Boulevard Springfield, IL 62704 Full Service B&M $205,770
    Town And Country Bank 2601 North Dirksen Parkway Springfield, IL 62702 Full Service B&M $22,417
    Town And Country Bank 303 Fountains Parkway Fairview Heights, IL 62208 Full Service B&M $20,323
    Town And Country Bank 303 N Main St Decatur, IL 62523 Full Service B&M $27,090
    Town And Country Bank 303 Pulaski Street Lincoln, IL 62656 Full Service B&M $63,291
    Town And Country Bank 3215 Maine Street Quincy, IL 62301 Full Service B&M $80,865
    Town And Country Bank 3601 Wabash Avenue. Springfield, IL 62711 Full Service B&M $64,941

    For 2019, Town And Country Bank had 11 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $33,054
    Net interest income $26,580
    Total noninterest income $10,011
    Gross Fiduciary activities income $775
    Service charges on deposit accounts $1,693
    Trading account gains and fees $0
    Additional Noninterest Income $7,543
    Pre-tax net operating income $10,821
    Securities gains (or losses, -) $59
    Income before extraordinary items $8,281
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $8,281
    Minority interest net income $0
    Net income $8,281
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $8,234

    Town And Country Bank's gross interest income from loans was $33,054,000.
    Town And Country Bank's net interest income from loans was $26,580,000.
    Town And Country Bank's fee based income from loans was $1,693,000.
    Town And Country Bank's net income from loans was $8,281,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $6,474
    Provision for credit losses $1,375
    Total noninterest expense $24,395
    Salaries and employee benefits $14,647
    Premises and equipment expense $2,352
    Additional noninterest expense $7,396
    Applicable income taxes $2,599
    Net charge-offs $1,291
    Cash dividends $3,000

    Town And Country Bank's interest expense for loans was $6,474,000.
    Town And Country Bank's payroll and benefits expense were $14,647,000.
    Town And Country Bank's property, plant and equipment expenses $2,352,000.

    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 1.0%
    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 $655,924
    Deposits held in domestic offices $655,924
    Deposits by Individuals, partnerships, and corporations $580,864
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $70,486
    Deposits by Commercial banks and other depository institutions in U.S. $4,574
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $73,091
    Demand deposits $64,622
    Nontransaction accounts $582,833
    Money market deposit accounts (MMDAs) $94,715
    Other savings deposits (excluding MMDAs) $279,313
    Total time deposits $208,805
    Total time and savings deposits $591,302
    Noninterest-bearing deposits $156,354
    Interest-bearing deposits $499,570
    Retail deposits $608,429
    IRAs and Keogh plan accounts $14,209
    Brokered deposits $29,891
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $810,200
    Cash & Balances due from depository institutions $14,605
    Interest-bearing balances $5,891
    Total securities $143,627
    Federal funds sold & reverse repurchase $0
    Net loans and leases $594,361
    Loan and leases loss allowance $5,864
    Trading account assets $0
    Bank premises and fixed assets $20,862
    Other real estate owned $778
    Goodwill and other intangibles $14,632
    All other assets $21,335

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $810,200
    Total Liabilities $724,999
    Total deposits $655,924
    Interest-bearing deposits $499,570
    Deposits held in domestic offices $655,924
    % insured (estimated) $85
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $63,525
    Subordinated debt $0
    All other liabilities $5,550

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $594,361
    Loan and leases loss allowance $5,864
    Total loans and leases (domestic) $600,225
    All real estate loans $493,819
    Real estate loans in domestic offices $493,819
    Construction and development loans $58,906
    Residential 1-4 family construction $7,363
    Other construction, all land development and other land $51,543
    Loans secured by nonfarm nonresidential properties $210,559
    Nonfarm nonresidential secured by owner-occupied properties $117,915
    Commercial real estate & other non-farm, non-residential $92,644
    Multifamily residential real estate $61,564
    1-4 family residential loans $151,681
    Farmland loans $11,109
    Loans held in foreign offices $0
    Farm loans $9,994
    Commercial and industrial loans $86,082
    To non-U.S. addressees $0
    Loans to individuals $4,902
    Credit card loans $0
    Related Plans $113
    Consumer Auto Loans $2,243
    Other loans to individuals $2,546
    All other loans & leases $5,428
    Loans to foreign governments and official institutions $0
    Other loans $2,371
    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 $472
    Non 1-4 family restructured loans & leases $270
    Total loans and leases (foreign) $0

    Town and Country Bank had $594,361,000 of loans outstanding in 2019. $493,819,000 of loans were in real estate loans. $58,906,000 of loans were in development loans. $61,564,000 of loans were in multifamily mortgage loans. $151,681,000 of loans were in 1-4 family mortgage loans. $9,994,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,243,000 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 301 $70,231 $233,326
    Nonfarm, nonresidential loans - <$100k 75 $2,955 $39,400
    Nonfarm, nonresidential loans - $100-250k 93 $12,619 $135,688
    Nonfarm, nonresidential loans - $250k-1MM 133 $54,657 $410,955
    Commercial & Industrial, US addressed loans - <$1MM 340 $35,555 $104,574
    Commercial & Industrial, US addressed loans - <$100k 185 $4,768 $25,773
    Commercial & Industrial, US addressed loans - $100-250k 79 $8,408 $106,430
    Commercial & Industrial, US addressed loans - $250k-1MM 76 $22,379 $294,461
    Farmland loans - <$1MM 59 $7,883 $133,610
    Farmland loans - <$100k 22 $941 $42,773
    Farmland loans - $100-250k 18 $2,125 $118,056
    Farmland loans - $250k-1MM 19 $4,817 $253,526
    Agriculture operations loans - <$1MM 52 $5,749 $110,558
    Agriculture operations loans - <$100k 17 $254 $14,941
    Agriculture operations loans - $100-250k 22 $2,541 $115,500
    Agriculture operations loans - $250k-1MM 13 $2,954 $227,231