Bankfinancial Mortgage Rates, Fees & Info

Olympia Fields, IL

LEI: 54930061HIZ1MCMEOR72

Tax ID: 36-1570375

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    Bankfinancial is a smaller bank specializing in Home Purchase and Refi loans. Bankfinancial has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, Spartanburg, Dallas, Denver, and Houston among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Bankfinancial has an above average approval rate when compared to the average across all lenders. They have a below 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.


    Originations

    89

    Origination Dollar Volume (All Markets)

    $67,585,000

    Employee count

    222

    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) 55 $21,495,000 $390,818 $0 0.00%
    SPARTANBURG, SC (FHA|USDA|VA) 3 $13,295,000 $4,431,667 $0 0.00%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 5 $8,995,000 $1,799,000 $0 0.00%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 9 $8,215,000 $912,778 $0 0.00%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 5 $5,625,000 $1,125,000 $0 0.00%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $2,555,000 $2,555,000 $0 0.00%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $2,500,000 $1,250,000 $0 0.00%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 4 $2,450,000 $612,500 $0 0.00%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $715,000 $715,000 $0 0.00%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 2 $690,000 $345,000 $0 0.00%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $595,000 $595,000 $0 0.00%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $455,000 $455,000 $0 0.00%
    Bankfinancial's top markets include Chicago, Spartanburg, Dallas, Denver, and Houston among others.

    Their top states include:
  • Illinois (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 89 $67,585,000 $759,382 $0 0.00%

    For 2019, Bankfinancial's most frequently originated type of loan was Conventional, with 89 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 70 $53,130,000 $759,000 $0 0.00%
    Refi 19 $14,455,000 $760,789 $0 0.00%

    For 2019, Bankfinancial's most frequently cited loan purpose was Home Purchase, with 70 originations. The 2nd most popular reason was Refi, with 19 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 89 $67,585,000 $759,382 $0 0.00%

    For 2019, Bankfinancial's most frequently cited loan duration was Other, with 89 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 20 $9,540,000 $477,000 $0 0.00%
    $1MM+ 17 $39,515,000 $2,324,412 $0 0.00%
    $200k-400k 17 $5,085,000 $299,118 $0 0.00%
    $600k-1MM 15 $11,785,000 $785,667 $0 0.00%
    $100,000 or less 13 $605,000 $46,538 $0 0.00%
    $100k-200k 7 $1,055,000 $150,714 $0 0.00%

    2019 saw Bankfinancial place emphasis on $400k-600k loans with 20 originations, totaling $9,540,000 in origination value.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 89 $67,585,000 $759,382 $0 0.00%

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 89 $67,585,000 $759,382 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.44%

    Bankfinancial has an average approval rate.

    Pick Rate

    Approvals leading to origination
    76.40%

    Bankfinancial has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 89 $67,585,000 $759,382

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 86 $67,080,000 $780,000
    Single Family (1-4 Units):Site-Built 3 $505,000 $168,333

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 6 $7,750,000 $1,291,667 $0 0.00%
    40-60% 19 $14,045,000 $739,211 $0 0.00%
    60-80% 43 $41,345,000 $961,512 $0 0.00%
    Under 20% 21 $4,445,000 $211,667 $0 0.00%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    BANK OF THE WEST Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 7.1%
    BANK OF THE WEST Other type of mortgage Trouble during payment process 1 7.1%
    BANK OF THE WEST Other type of mortgage Closing on a mortgage 1 7.1%
    BANK OF THE WEST Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 7.1%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Trouble during payment process 2 14.3%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 7.1%
    BANK OF THE WEST Conventional home mortgage Trouble during payment process 6 42.9%
    BANK OF THE WEST Conventional home mortgage Struggling to pay mortgage 1 7.1%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    BankFinancial, National Association 1005 West Wise Road Schaumburg, IL 60193 Full Service B&M $24,766
    BankFinancial, National Association 1123 South Milwaukee Avenue Libertyville, IL 60048 Full Service B&M $24,832
    BankFinancial, National Association 1200 East Ogden Avenue Naperville, IL 60563 Full Service B&M $17,355
    BankFinancial, National Association 1333 West 127th Street Calumet Park, IL 60827 Full Service B&M $19,086
    BankFinancial, National Association 1354 E 55th St Chicago, IL 60615 Full Service B&M $108,108
    BankFinancial, National Association 1368 Shermer Road Northbrook, IL 60062 Full Service B&M $33,999
    BankFinancial, National Association 1401 North Larkin Avenue Joliet, IL 60435 Full Service B&M $78,408
    BankFinancial, National Association 1409 West Peterson Road Libertyville, IL 60048 Full Service B&M $21,576
    BankFinancial, National Association 15w060 North Frontage Road Burr Ridge, IL 60527 Limited, Administrative $0
    BankFinancial, National Association 1901 Sibley Boulevard Calumet City, IL 60409 Full Service B&M $43,611
    BankFinancial, National Association 21110 South Western Avenue Olympia Fields, IL 60461 Full Service B&M $256,249
    BankFinancial, National Association 2424 North Clark Street Chicago, IL 60614 Full Service B&M $25,957
    BankFinancial, National Association 3443 West Touhy Avenue Lincolnwood, IL 60645 Full Service B&M $113,691
    BankFinancial, National Association 3700 W. 183rd Street Hazel Crest, IL 60429 Full Service B&M $65,158
    BankFinancial, National Association 48 Orland Square Drive Orland Park, IL 60462 Full Service B&M $96,488
    BankFinancial, National Association 5140 Main Street Downers Grove, IL 60515 Full Service B&M $127,005
    BankFinancial, National Association 630 Waukegan Road Deerfield, IL 60015 Full Service B&M $43,901
    BankFinancial, National Association 6301 Fairview Avenue Westmont, IL 60559 Full Service B&M $55,840
    BankFinancial, National Association 6415 West 95th Street Chicago Ridge, IL 60415 Full Service B&M $84,099
    BankFinancial, National Association One Marriott Drive Lincolnshire, IL 60069 Full Service B&M $109,682

    For 2019, Bankfinancial had 20 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $65,859
    Net interest income $52,642
    Total noninterest income $5,806
    Gross Fiduciary activities income $738
    Service charges on deposit accounts $2,035
    Trading account gains and fees $0
    Additional Noninterest Income $3,033
    Pre-tax net operating income $17,497
    Securities gains (or losses, -) $0
    Income before extraordinary items $12,839
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $12,839
    Minority interest net income $0
    Net income $12,839
    Sale, conversion, retirement of capital stock, net $-9,000
    Net operating income $12,839

    Bankfinancial's gross interest income from loans was $65,859,000.
    Bankfinancial's net interest income from loans was $52,642,000.
    Bankfinancial's fee based income from loans was $2,035,000.
    Bankfinancial's net income from loans was $12,839,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $13,217
    Provision for credit losses $3,825
    Total noninterest expense $37,126
    Salaries and employee benefits $20,312
    Premises and equipment expense $7,069
    Additional noninterest expense $9,745
    Applicable income taxes $4,658
    Net charge-offs $4,663
    Cash dividends $12,200

    Bankfinancial's interest expense for loans was $13,217,000.
    Bankfinancial's payroll and benefits expense were $20,312,000.
    Bankfinancial's property, plant and equipment expenses $7,069,000.

    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 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 $1,301,788
    Deposits held in domestic offices $1,301,788
    Deposits by Individuals, partnerships, and corporations $1,242,726
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $58,718
    Deposits by Commercial banks and other depository institutions in U.S. $344
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $80,102
    Demand deposits $54,818
    Nontransaction accounts $1,221,686
    Money market deposit accounts (MMDAs) $245,610
    Other savings deposits (excluding MMDAs) $574,042
    Total time deposits $402,034
    Total time and savings deposits $1,246,970
    Noninterest-bearing deposits $227,793
    Interest-bearing deposits $1,073,995
    Retail deposits $1,195,390
    IRAs and Keogh plan accounts $49,736
    Brokered deposits $18,884
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,485,950
    Cash & Balances due from depository institutions $238,991
    Interest-bearing balances $229,206
    Total securities $11,527
    Federal funds sold & reverse repurchase $0
    Net loans and leases $1,168,008
    Loan and leases loss allowance $7,632
    Trading account assets $0
    Bank premises and fixed assets $30,191
    Other real estate owned $186
    Goodwill and other intangibles $376
    All other assets $36,671

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,485,950
    Total Liabilities $1,321,103
    Total deposits $1,301,788
    Interest-bearing deposits $1,073,995
    Deposits held in domestic offices $1,301,788
    % insured (estimated) $87
    Federal funds purchased and repurchase agreements $61
    Trading liabilities $0
    Other borrowed funds $5,845
    Subordinated debt $0
    All other liabilities $13,409

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,168,008
    Loan and leases loss allowance $7,632
    Total loans and leases (domestic) $1,175,640
    All real estate loans $754,738
    Real estate loans in domestic offices $754,738
    Construction and development loans $0
    Residential 1-4 family construction $0
    Other construction, all land development and other land $0
    Loans secured by nonfarm nonresidential properties $134,583
    Nonfarm nonresidential secured by owner-occupied properties $29,457
    Commercial real estate & other non-farm, non-residential $105,126
    Multifamily residential real estate $564,308
    1-4 family residential loans $55,847
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $416,997
    To non-U.S. addressees $0
    Loans to individuals $2,211
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $0
    Other loans to individuals $2,211
    All other loans & leases $1,694
    Loans to foreign governments and official institutions $0
    Other loans $1,238
    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 $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    BankFinancial had $1,168,008,000 of loans outstanding in 2019. $754,738,000 of loans were in real estate loans. $0 of loans were in development loans. $564,308,000 of loans were in multifamily mortgage loans. $55,847,000 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 107 $37,314 $348,729
    Nonfarm, nonresidential loans - <$100k 5 $294 $58,800
    Nonfarm, nonresidential loans - $100-250k 22 $2,861 $130,045
    Nonfarm, nonresidential loans - $250k-1MM 80 $34,159 $426,988
    Commercial & Industrial, US addressed loans - <$1MM 288 $70,411 $244,483
    Commercial & Industrial, US addressed loans - <$100k 23 $922 $40,087
    Commercial & Industrial, US addressed loans - $100-250k 63 $5,865 $93,095
    Commercial & Industrial, US addressed loans - $250k-1MM 202 $63,624 $314,970