First Bank Of Highland Park Mortgage Rates, Fees & Info

Highland Park, IL

LEI: 5493005SBCJ71Z4XVY11

Tax ID: 36-2304516

2021 Data | 2020 Data | 2019 Data | 2018 Data

Overview

First Bank Of Highland Park is a smaller bank specializing in Home Purchase and Refi loans. First Bank Of Highland Park has a high proportion of conventional loans. Their top markets include Chicago, Phoenix, and Milwaukee among others. First Bank Of Highland Park has an above average approval rate for mortages when compared nationally. They have an average pick rate when compared to the same sample of other lendors.

Originations

Origination Dollar Volume (All Markets)

$113,630,000

Employee count

139

Top Markets

Market	Originations	Total Value	Average Loan	Average Fees	Average Rate
Chicago-Naperville-Elgin, IL-IN-WI (FHA\|USDA\|VA)	30	$105,560,000	$3,518,667	$0	0.00%
PHOENIX-MESA-CHANDLER, AZ (FHA\|USDA\|VA)	2	$5,360,000	$2,680,000	$0	0.00%
MILWAUKEE-WAUKESHA, WI (FHA\|USDA\|VA)	2	$2,710,000	$1,355,000	$0	0.00%

First Bank Of Highland Park's top markets include Chicago, Phoenix, and Milwaukee among others.

Product Mix

Loan Type	Originations	Total Value	Average Loan	Average Fees	Average Rate
Conventional	34	$113,630,000	$3,342,059	$0	0.00%

For the 2021 period, First Bank Of Highland Park's most frequently originated loan type of loans were Conventional, with 34 originations.

Loan Reason

Loan Reason	Originations	Total Value	Average Loan	Average Fees	Average Rate
Home Purchase	18	$28,840,000	$1,602,222	$0	0.00%
Refi	13	$83,335,000	$6,410,385	$0	0.00%
Home Improvement	3	$1,455,000	$485,000	$0	0.00%

For the 2021, First Bank Of Highland Park's most frequently cited loan purpose of loans were Home Purchase, with 18 originations. The 2nd most popular reason of loans were Refi, with 13 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	34	$113,630,000	$3,342,059	$0	0.00%

For the 2021, First Bank Of Highland Park's most frequently cited loan length of loans were Other, with 34 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$1MM+	22	$105,960,000	$4,816,364	$0	0.00%
$600k-1MM	8	$6,290,000	$786,250	$0	0.00%
$200k-400k	3	$935,000	$311,667	$0	0.00%
$400k-600k	1	$445,000	$445,000	$0	0.00%

2021 saw First Bank Of Highland Park place emphasis on $1MM+ loans with 22 originations, totaling $105,960,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$250k+	2	$2,680,000	$1,340,000	$0	0.00%
$50k or less	1	$235,000	$235,000	$0	0.00%

First Bank Of Highland Park lent most frequently to those with incomes in the $250k+ range, with 2 originations. The second most popular income band? $50k or less, with 1 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	34	$113,630,000	$3,342,059	$0	0.00%

First Bank Of Highland Park lent most frequently to those with DTI ratios of Exempt%, with 34 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
Not applicable	31	$110,715,000	$3,571,452	$0	0.00%
Not provided	2	$2,680,000	$1,340,000	$0	0.00%
White	1	$235,000	$235,000	$0	0.00%

Approval Rates

Total approvals of all applications
98.46%

First Bank Of Highland Park 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
94.21%

First Bank Of Highland Park has an average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	34	$113,630,000	$3,342,059

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
	34	$113,630,000	$3,342,059

Complaints

Bank Name	Product	Issue	2021 CPFB Complaints	% of Total Issues
FIRST HORIZON BANK	VA mortgage	Applying for a mortgage or refinancing an existing mortgage	1	2.9%
FIRST HORIZON BANK	Conventional home mortgage	Closing on a mortgage	2	5.9%
FIRST HORIZON BANK	Conventional home mortgage	Applying for a mortgage or refinancing an existing mortgage	2	5.9%
FIRST HORIZON BANK	Other type of mortgage	Applying for a mortgage or refinancing an existing mortgage	2	5.9%
FIRST HORIZON BANK	Other type of mortgage	Closing on a mortgage	2	5.9%
FIRST HORIZON BANK	Other type of mortgage	Trouble during payment process	1	2.9%
FIRST HORIZON BANK	Conventional home mortgage	Struggling to pay mortgage	1	2.9%
FIRST HORIZON BANK	Conventional home mortgage	Trouble during payment process	10	29.4%
FIRST HORIZON BANK	FHA mortgage	Applying for a mortgage or refinancing an existing mortgage	1	2.9%
FIRST HORIZON BANK	FHA mortgage	Closing on a mortgage	1	2.9%
FIRST HORIZON BANK	FHA mortgage	Trouble during payment process	2	5.9%
FIRST HORIZON BANK	Home equity loan or line of credit (HELOC)	Applying for a mortgage or refinancing an existing mortgage	2	5.9%
FIRST HORIZON BANK	Home equity loan or line of credit (HELOC)	Struggling to pay mortgage	1	2.9%
FIRST HORIZON BANK	Home equity loan or line of credit (HELOC)	Trouble during payment process	6	17.6%

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
First Bank of Highland Park	1835 First Street Highland Park, IL 60035	Full Service B&M	$652,727
First Bank of Highland Park	633 Skokie Boulevard Northbrook, IL 60062	Full Service B&M	$716,076
First Bank of Highland Park	8833 Gross Point Road, Ste 202 Skokie, IL 60077	Full Service B&M	$76,292

For 2021, First Bank Of Highland Park had 3 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$55,452
Net interest income	$44,060
Total noninterest income	$1,924
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$119
Trading account gains and fees	$0
Additional Noninterest Income	$1,805
Pre-tax net operating income	$12,522
Securities gains (or losses, -)	$-791
Income before extraordinary items	$9,060
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$9,060
Minority interest net income	$0
Net income	$9,060
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$9,684

First Bank Of Highland Park's gross interest income from loans was $55,452,000.
First Bank Of Highland Park's net interest income from loans was $44,060,000.
First Bank Of Highland Park's fee based income from loans was $119,000.
First Bank Of Highland Park's net income from loans was $9,060,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$11,392
Provision for credit losses	$1,725
Total noninterest expense	$31,737
Salaries and employee benefits	$22,920
Premises and equipment expense	$2,707
Additional noninterest expense	$6,110
Applicable income taxes	$2,671
Net charge-offs	$5,109
Cash dividends	$8,663

First Bank Of Highland Park's interest expense for loans was $11,392,000.
First Bank Of Highland Park's payroll and benefits expense were $22,920,000.
First Bank Of Highland Park's property, plant and equipment expenses $2,707,000.

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	2.0%
All other family	0.0%
Commercial & industrial loans	2.0%
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	$1,499,901
Deposits held in domestic offices	$1,499,901
Deposits by Individuals, partnerships, and corporations	$1,131,684
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$368,217
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	$505,251
Demand deposits	$444,181
Nontransaction accounts	$994,650
Money market deposit accounts (MMDAs)	$105,944
Other savings deposits (excluding MMDAs)	$405,844
Total time deposits	$482,862
Total time and savings deposits	$1,055,720
Noninterest-bearing deposits	$136,955
Interest-bearing deposits	$1,362,946
Retail deposits	$1,162,113
IRAs and Keogh plan accounts	$50,739
Brokered deposits	$148,704
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$1,921,186
Cash & Balances due from depository institutions	$255,043
Interest-bearing balances	$241,217
Total securities	$393,509
Federal funds sold & reverse repurchase	$0
Net loans and leases	$1,249,661
Loan and leases loss allowance	$10,277
Trading account assets	$0
Bank premises and fixed assets	$3,257
Other real estate owned	$2,711
Goodwill and other intangibles	$0
All other assets	$17,005

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$1,921,186
Total Liabilities	$1,733,960
Total deposits	$1,499,901
Interest-bearing deposits	$1,362,946
Deposits held in domestic offices	$1,499,901
% insured (estimated)	$66
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$226,500
Subordinated debt	$0
All other liabilities	$7,559

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$1,249,661
Loan and leases loss allowance	$10,277
Total loans and leases (domestic)	$1,259,938
All real estate loans	$728,989
Real estate loans in domestic offices	$728,989
Construction and development loans	$87,371
Residential 1-4 family construction	$4,649
Other construction, all land development and other land	$82,722
Loans secured by nonfarm nonresidential properties	$195,922
Nonfarm nonresidential secured by owner-occupied properties	$61,313
Commercial real estate & other non-farm, non-residential	$134,609
Multifamily residential real estate	$370,690
1-4 family residential loans	$75,006
Farmland loans	$0
Loans held in foreign offices	$0
Farm loans	$0
Commercial and industrial loans	$527,204
To non-U.S. addressees	$0
Loans to individuals	$3,743
Credit card loans	$0
Related Plans	$700
Consumer Auto Loans	$0
Other loans to individuals	$3,043
All other loans & leases	$2
Loans to foreign governments and official institutions	$0
Other loans	$2
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	$11,530
Non 1-4 family restructured loans & leases	$10,957
Total loans and leases (foreign)	$0

First Bank of Highland Park had $1,249,661,000 of loans outstanding in 2021. $728,989,000 of loans were in real estate loans. $87,371,000 of loans were in development loans. $370,690,000 of loans were in multifamily mortgage loans. $75,006,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $0 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	49	$19,626	$400,531
Nonfarm, nonresidential loans - <$100k	2	$170	$85,000
Nonfarm, nonresidential loans - $100-250k	7	$889	$127,000
Nonfarm, nonresidential loans - $250k-1MM	40	$18,567	$464,175
Commercial & Industrial, US addressed loans - <$1MM	857	$118,137	$137,849
Commercial & Industrial, US addressed loans - <$100k	259	$7,849	$30,305
Commercial & Industrial, US addressed loans - $100-250k	261	$22,801	$87,360
Commercial & Industrial, US addressed loans - $250k-1MM	337	$87,487	$259,605