First Bank Of Highland Park Mortgage Rates, Fees & Info

Highland Park, IL

LEI: 5493005SBCJ71Z4XVY11

Tax ID: 36-2304516

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Bank Data

Review & 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 (well, only) market is Chicago.

First Bank Of Highland Park 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

31

Origination Dollar Volume (All Markets)

$51,995,000

Employee count

122

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
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 31 $51,995,000 $1,677,258 $0 0.00%
First Bank Of Highland Park's top markets include and Chicago among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 31 $51,995,000 $1,677,258 $0 0.00%

    For 2018, First Bank Of Highland Park's most frequently originated type of loan was Conventional, with 31 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 21 $38,715,000 $1,843,571 $0 0.00%
    Refi 9 $12,275,000 $1,363,889 $0 0.00%
    Home Improvement 1 $1,005,000 $1,005,000 $0 0.00%

    For 2018, First Bank Of Highland Park's most frequently cited loan purpose was Home Purchase, with 21 originations. The 2nd most popular reason was Refi, with 9 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 31 $51,995,000 $1,677,258 $0 0.00%

    For 2018, First Bank Of Highland Park's most frequently cited loan duration was Other, with 31 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 15 $43,745,000 $2,916,333 $0 0.00%
    $600k-1MM 8 $5,890,000 $736,250 $0 0.00%
    $200k-400k 4 $1,320,000 $330,000 $0 0.00%
    $100,000 or less 2 $170,000 $85,000 $0 0.00%
    $400k-600k 2 $870,000 $435,000 $0 0.00%

    2018 saw First Bank Of Highland Park place emphasis on $1MM+ loans with 15 originations, totaling $43,745,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 1 $75,000 $75,000 $0 0.00%

    First Bank Of Highland Park lent most frequently to those with incomes in the $50k or less range, with 1 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 31 $51,995,000 $1,677,258 $0 0.00%

    First Bank Of Highland Park lent most frequently to those with DTI ratios of Exempt%, with 31 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 29 $51,035,000 $1,759,828 $0 0.00%
    White 1 $885,000 $885,000 $0 0.00%
    Black 1 $75,000 $75,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.14%

    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
    90.32%

    First Bank Of Highland Park has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 31 $51,995,000 $1,677,258

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 19 $46,535,000 $2,449,211
    Single Family (1-4 Units):Site-Built 12 $5,460,000 $455,000

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Trouble during payment process 1 7.1%
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Problem with a credit reporting company's investigation into an existing problem 1 7.1%
    FIRST HORIZON BANK Other type of mortgage Trouble during payment process 1 7.1%
    FIRST HORIZON BANK FHA mortgage Trouble during payment process 1 7.1%
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Incorrect information on your report 1 7.1%
    FIRST HORIZON BANK Conventional home mortgage Struggling to pay mortgage 3 21.4%
    FIRST HORIZON BANK Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 7.1%
    FIRST HORIZON BANK Conventional home mortgage Trouble during payment process 5 35.7%

    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 $599,499
    First Bank of Highland Park 633 Skokie Boulevard Northbrook, IL 60062 Full Service B&M $805,786

    For 2018, First Bank Of Highland Park had 2 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $65,856
    Net interest income $42,204
    Total noninterest income $2,232
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $120
    Trading account gains and fees $0
    Additional Noninterest Income $2,112
    Pre-tax net operating income $14,777
    Securities gains (or losses, -) $-2
    Income before extraordinary items $13,190
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $13,190
    Minority interest net income $0
    Net income $13,190
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $13,191

    First Bank Of Highland Park's gross interest income from loans was $65,856,000.
    First Bank Of Highland Park's net interest income from loans was $42,204,000.
    First Bank Of Highland Park's fee based income from loans was $120,000.
    First Bank Of Highland Park's net income from loans was $13,190,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $23,652
    Provision for credit losses $2,125
    Total noninterest expense $27,534
    Salaries and employee benefits $18,134
    Premises and equipment expense $1,991
    Additional noninterest expense $7,409
    Applicable income taxes $1,585
    Net charge-offs $-103
    Cash dividends $2,573

    First Bank Of Highland Park's interest expense for loans was $23,652,000.
    First Bank Of Highland Park's payroll and benefits expense were $18,134,000.
    First Bank Of Highland Park's property, plant and equipment expenses $1,991,000.

    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 5.0%
    HELOC loans 0.0%
    All other family 8.0%
    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 $1,473,485
    Deposits held in domestic offices $1,473,485
    Deposits by Individuals, partnerships, and corporations $1,271,245
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $202,240
    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 $345,372
    Demand deposits $289,877
    Nontransaction accounts $1,128,113
    Money market deposit accounts (MMDAs) $17,053
    Other savings deposits (excluding MMDAs) $341,016
    Total time deposits $770,044
    Total time and savings deposits $1,183,608
    Noninterest-bearing deposits $94,798
    Interest-bearing deposits $1,378,687
    Retail deposits $967,025
    IRAs and Keogh plan accounts $62,403
    Brokered deposits $320,972
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,728,095
    Cash & Balances due from depository institutions $156,290
    Interest-bearing balances $145,223
    Total securities $226,009
    Federal funds sold & reverse repurchase $0
    Net loans and leases $1,320,301
    Loan and leases loss allowance $9,901
    Trading account assets $0
    Bank premises and fixed assets $1,904
    Other real estate owned $10,605
    Goodwill and other intangibles $0
    All other assets $12,986

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,728,095
    Total Liabilities $1,554,972
    Total deposits $1,473,485
    Interest-bearing deposits $1,378,687
    Deposits held in domestic offices $1,473,485
    % insured (estimated) $80
    Federal funds purchased and repurchase agreements $1,222
    Trading liabilities $0
    Other borrowed funds $72,000
    Subordinated debt $0
    All other liabilities $8,265

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,320,301
    Loan and leases loss allowance $9,901
    Total loans and leases (domestic) $1,330,202
    All real estate loans $651,583
    Real estate loans in domestic offices $651,583
    Construction and development loans $61,066
    Residential 1-4 family construction $6,863
    Other construction, all land development and other land $54,203
    Loans secured by nonfarm nonresidential properties $187,410
    Nonfarm nonresidential secured by owner-occupied properties $54,442
    Commercial real estate & other non-farm, non-residential $132,968
    Multifamily residential real estate $308,831
    1-4 family residential loans $94,276
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $673,537
    To non-U.S. addressees $0
    Loans to individuals $724
    Credit card loans $0
    Related Plans $8
    Consumer Auto Loans $0
    Other loans to individuals $716
    All other loans & leases $4,358
    Loans to foreign governments and official institutions $0
    Other loans $21
    Loans to depository institutions and acceptances of other banks $4,337
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $10,974
    Non 1-4 family restructured loans & leases $8,986
    Total loans and leases (foreign) $0

    First Bank of Highland Park had $1,320,301,000 of loans outstanding in 2018. $651,583,000 of loans were in real estate loans. $61,066,000 of loans were in development loans. $308,831,000 of loans were in multifamily mortgage loans. $94,276,000 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 50 $19,130 $382,600
    Nonfarm, nonresidential loans - <$100k 1 $74 $74,000
    Nonfarm, nonresidential loans - $100-250k 12 $1,804 $150,333
    Nonfarm, nonresidential loans - $250k-1MM 37 $17,252 $466,270
    Commercial & Industrial, US addressed loans - <$1MM 960 $141,403 $147,295
    Commercial & Industrial, US addressed loans - <$100k 338 $10,404 $30,781
    Commercial & Industrial, US addressed loans - $100-250k 287 $29,246 $101,902
    Commercial & Industrial, US addressed loans - $250k-1MM 335 $101,753 $303,740