First Bank Of Highland Park Mortgage Rates, Fees & Info
Highland Park, IL
LEI: 5493005SBCJ71Z4XVY11
Tax ID: 36-2304516
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Mortgage Data
Bank 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
34
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
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.
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 |