Town And Country Bank Mortgage Rates, Fees & Info
Springfield, ILLEI: 54930055WXO1SUC1AH62
Tax ID: 37-0808754
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Bank Data
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, Decatur, Jacksonville, and Hannibal 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.
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.
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
88Origination Dollar Volume (All Markets)
$23,210,000Employee count
186Top 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) | 22 | $14,980,000 | $680,909 | $568 | 3.95% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 45 | $6,085,000 | $135,222 | $586 | 4.06% |
| DECATUR, IL (FHA|USDA|VA) | 8 | $980,000 | $122,500 | $346 | 4.32% |
| Outside of Metro Areas | 2 | $420,000 | $210,000 | $0 | 4.50% |
| Jacksonville, IL (FHA|USDA|VA) | 6 | $350,000 | $58,333 | $0 | 3.74% |
| Hannibal, MO (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 3.88% |
| Quincy, IL-MO (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 3.75% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 5.50% |
| Lincoln, IL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 3.90% |
| Taylorville, IL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $296 | 4.29% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 88 | $23,210,000 | $263,750 | $544 | 4.06% |
For 2021, Town And Country Bank's most frequently originated type of loan was Conventional, with 88 originations.
Loan Reason
For 2021, Town And Country Bank's most frequently cited loan purpose was Home Purchase, with 49 originations. The 2nd most popular reason was Refi, with 24 originations.
Loan Duration/Length
For 2021, Town And Country Bank's most frequently cited loan duration was 5 Year, with 24 originations. The 2nd most popular length was 10 Year, with 23 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 13 | $385,000 | $29,615 |
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 13 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 54 | $19,470,000 | $360,556 |
| 4-5% | 29 | $3,015,000 | $103,966 |
| 5-6% | 4 | $540,000 | $135,000 |
| <2.5% | 1 | $185,000 | $185,000 |
During 2021, Town And Country Bank's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 3-4%, with 54 originations.
Loan Sizing
2021 saw Town And Country Bank place emphasis on $100,000 or less loans with 47 originations, totaling $2,195,000 in origination value.
Applicant Income
Town And Country Bank lent most frequently to those with incomes in the $100k-150k range, with 9 originations. The second most popular income band? $50k or less, with 8 originations.
Applicant Debt to Income Ratio
Town And Country Bank lent most frequently to those with DTI ratios of 20-30%, with 3 originations. The next most common DTI ratio? 30-36%, with 3 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.57%
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 origination95.45%
Town And Country 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 |
|---|---|---|---|
| NA | 88 | $23,210,000 | $263,750 |
LTV Distribution
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 | $33,915 |
| Town and Country Bank | 100 West Elm Street Buffalo, IL 62515 | Full Service B&M | $25,148 |
| Town and Country Bank | 1604 West Morton Avenue Jacksonville, IL 62650 | Full Service B&M | $70,281 |
| Town and Country Bank | 1645 Illinois Highway 121 Mount Zion, IL 62549 | Full Service B&M | $27,160 |
| Town and Country Bank | 1925 South Macarthur Boulevard Springfield, IL 62704 | Full Service B&M | $210,584 |
| Town and Country Bank | 2601 North Dirksen Parkway Springfield, IL 62702 | Full Service B&M | $33,800 |
| Town and Country Bank | 303 Fountains Parkway Fairview Heights, IL 62208 | Full Service B&M | $42,857 |
| Town and Country Bank | 303 N Main St Decatur, IL 62523 | Full Service B&M | $44,811 |
| Town and Country Bank | 303 Pulaski Street Lincoln, IL 62656 | Full Service B&M | $87,400 |
| Town and Country Bank | 3215 Maine Street Quincy, IL 62301 | Full Service B&M | $96,186 |
| Town and Country Bank | 3601 Wabash Avenue. Springfield, IL 62711 | Full Service B&M | $75,014 |
| Town and Country Bank | 404 N Hershey Rd, Ste B Bloomington, IL 61704 | Full Service B&M | $6,363 |
For 2021, Town And Country Bank had 12 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $30,855 |
| Net interest income | $29,413 |
| Total noninterest income | $14,666 |
| Gross Fiduciary activities income | $915 |
| Service charges on deposit accounts | $1,357 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $12,394 |
| Pre-tax net operating income | $16,687 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $12,380 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $12,380 |
| Minority interest net income | $0 |
| Net income | $12,380 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $12,380 |
Town And Country Bank's gross interest income from loans was $30,855,000.
Town And Country Bank's net interest income from loans was $29,413,000.
Town And Country Bank's fee based income from loans was $1,357,000.
Town And Country Bank's net income from loans was $12,380,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $1,442 |
| Provision for credit losses | $0 |
| Total noninterest expense | $27,392 |
| Salaries and employee benefits | $16,852 |
| Premises and equipment expense | $2,317 |
| Additional noninterest expense | $8,223 |
| Applicable income taxes | $4,307 |
| Net charge-offs | $-68 |
| Cash dividends | $5,000 |
Town And Country Bank's interest expense for loans was $1,442,000.
Town And Country Bank's payroll and benefits expense were $16,852,000.
Town And Country Bank's property, plant and equipment expenses $2,317,000.
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 | 1.0% |
| Nonfarm, nonresidential loans | 0.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 2.0% |
| HELOC loans | 0.0% |
| All other family | 2.0% |
| 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 | $785,743 |
| Deposits held in domestic offices | $785,743 |
| Deposits by Individuals, partnerships, and corporations | $692,506 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $91,008 |
| Deposits by Commercial banks and other depository institutions in U.S. | $2,229 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $392,634 |
| Demand deposits | $356,130 |
| Nontransaction accounts | $393,109 |
| Money market deposit accounts (MMDAs) | $179,668 |
| Other savings deposits (excluding MMDAs) | $121,518 |
| Total time deposits | $91,923 |
| Total time and savings deposits | $429,613 |
| Noninterest-bearing deposits | $281,664 |
| Interest-bearing deposits | $504,079 |
| Retail deposits | $776,139 |
| IRAs and Keogh plan accounts | $12,519 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $907,478 |
| Cash & Balances due from depository institutions | $70,290 |
| Interest-bearing balances | $61,807 |
| Total securities | $151,620 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $623,661 |
| Loan and leases loss allowance | $10,183 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $19,735 |
| Other real estate owned | $545 |
| Goodwill and other intangibles | $14,175 |
| All other assets | $27,452 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $907,478 |
| Total Liabilities | $809,134 |
| Total deposits | $785,743 |
| Interest-bearing deposits | $504,079 |
| Deposits held in domestic offices | $785,743 |
| % insured (estimated) | $76 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $16,208 |
| Subordinated debt | $0 |
| All other liabilities | $7,183 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $623,661 |
| Loan and leases loss allowance | $10,183 |
| Total loans and leases (domestic) | $633,844 |
| All real estate loans | $538,188 |
| Real estate loans in domestic offices | $538,188 |
| Construction and development loans | $41,232 |
| Residential 1-4 family construction | $2,560 |
| Other construction, all land development and other land | $38,672 |
| Loans secured by nonfarm nonresidential properties | $256,463 |
| Nonfarm nonresidential secured by owner-occupied properties | $128,874 |
| Commercial real estate & other non-farm, non-residential | $127,589 |
| Multifamily residential real estate | $89,387 |
| 1-4 family residential loans | $142,104 |
| Farmland loans | $9,002 |
| Loans held in foreign offices | $0 |
| Farm loans | $7,680 |
| Commercial and industrial loans | $80,068 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $2,514 |
| Credit card loans | $0 |
| Related Plans | $151 |
| Consumer Auto Loans | $1,142 |
| Other loans to individuals | $1,221 |
| All other loans & leases | $5,393 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $3,677 |
| 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 | $311 |
| Non 1-4 family restructured loans & leases | $152 |
| Total loans and leases (foreign) | $0 |
Town and Country Bank had $623,661,000 of loans outstanding in 2021. $538,188,000 of loans were in real estate loans. $41,232,000 of loans were in development loans. $89,387,000 of loans were in multifamily mortgage loans. $142,104,000 of loans were in 1-4 family mortgage loans. $7,680,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,142,000 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 | 274 | $64,623 | $235,850 |
| Nonfarm, nonresidential loans - <$100k | 63 | $2,468 | $39,175 |
| Nonfarm, nonresidential loans - $100-250k | 88 | $10,801 | $122,739 |
| Nonfarm, nonresidential loans - $250k-1MM | 123 | $51,354 | $417,512 |
| Commercial & Industrial, US addressed loans - <$1MM | 331 | $34,262 | $103,511 |
| Commercial & Industrial, US addressed loans - <$100k | 187 | $4,346 | $23,241 |
| Commercial & Industrial, US addressed loans - $100-250k | 68 | $5,919 | $87,044 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 76 | $23,997 | $315,750 |
| Farmland loans - <$1MM | 47 | $6,343 | $134,957 |
| Farmland loans - <$100k | 16 | $802 | $50,125 |
| Farmland loans - $100-250k | 19 | $2,200 | $115,789 |
| Farmland loans - $250k-1MM | 12 | $3,341 | $278,417 |
| Agriculture operations loans - <$1MM | 37 | $4,608 | $124,541 |
| Agriculture operations loans - <$100k | 12 | $317 | $26,417 |
| Agriculture operations loans - $100-250k | 14 | $1,663 | $118,786 |
| Agriculture operations loans - $250k-1MM | 11 | $2,628 | $238,909 |