West Town Bank & Trust Mortgage Rates, Fees & Info
North Riverside, ILLEI: 5493009ZQ1VZ1HZCL108
Tax ID: 36-1950478
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Overview
West Town Bank & Trust is a smaller bank specializing in Home Purchase and Refi loans. West Town Bank & Trust has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Baltimore, Morehead City, Washington, Virginia Beach, and Chicago among others. West Town Bank & Trust has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. West Town Bank & Trust is typically a high fee lendor.Originations
519Origination Dollar Volume (All Markets)
$145,685,000Employee count
94Awards
West Town Bank & Trust - 2021
West Town Bank & Trust is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
West Town Bank & Trust's average 30 year fixed rate mortgage of loans were
2.94%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.21%.
Relative Fees
West Town Bank & Trust's average total fees for a 30 year fixed rate
mortgage are $6,328.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 186 | $49,610,000 | $266,720 | $6,515 | 2.94% |
| Morehead City, NC (FHA|USDA|VA) | 54 | $13,560,000 | $251,111 | $4,214 | 2.93% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 24 | $10,230,000 | $426,250 | $9,110 | 2.90% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 20 | $6,740,000 | $337,000 | $7,096 | 2.79% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 13 | $3,955,000 | $304,231 | $6,171 | 3.32% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 12 | $3,560,000 | $296,667 | $6,455 | 2.86% |
| NEW BERN, NC (FHA|USDA|VA) | 15 | $3,555,000 | $237,000 | $4,575 | 2.82% |
| Outside of Metro Areas | 13 | $3,245,000 | $249,615 | $5,354 | 2.80% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 7 | $3,085,000 | $440,714 | $8,217 | 2.82% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 6 | $2,980,000 | $496,667 | $7,296 | 2.82% |
| WILMINGTON, NC (FHA|USDA|VA) | 14 | $2,440,000 | $174,286 | $3,730 | 3.29% |
| Elizabeth City, NC (FHA|USDA|VA) | 13 | $2,165,000 | $166,538 | $5,012 | 2.85% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 8 | $2,060,000 | $257,500 | $5,460 | 3.02% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 6 | $1,950,000 | $325,000 | $7,606 | 2.71% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 7 | $1,735,000 | $247,857 | $5,464 | 2.84% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 5 | $1,585,000 | $317,000 | $5,848 | 2.90% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 6 | $1,410,000 | $235,000 | $4,727 | 2.77% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 2 | $1,380,000 | $690,000 | $14,683 | 2.88% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 6 | $1,350,000 | $225,000 | $4,402 | 3.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 4 | $1,250,000 | $312,500 | $4,208 | 3.31% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 2 | $1,250,000 | $625,000 | $13,995 | 3.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 4 | $1,240,000 | $310,000 | $4,933 | 2.47% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 5 | $1,205,000 | $241,000 | $4,677 | 3.03% |
| RICHMOND, VA (FHA|USDA|VA) | 4 | $1,120,000 | $280,000 | $7,355 | 3.25% |
| LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) | 4 | $1,020,000 | $255,000 | $3,912 | 3.06% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 3 | $1,015,000 | $338,333 | $14,704 | 2.96% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 3 | $995,000 | $331,667 | $3,107 | 2.79% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 3 | $925,000 | $308,333 | $3,133 | 2.50% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $885,000 | $885,000 | $4,893 | 2.88% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 4 | $830,000 | $207,500 | $4,221 | 2.97% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 3 | $825,000 | $275,000 | $5,208 | 3.17% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $805,000 | $268,333 | $5,923 | 2.96% |
| MOBILE, AL (FHA|USDA|VA) | 4 | $760,000 | $190,000 | $4,072 | 2.72% |
| Traverse City, MI (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $12,694 | 2.81% |
| SAVANNAH, GA (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $13,228 | 2.63% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $3,216 | 2.63% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $10,437 | 2.81% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $3,581 | 3.13% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $12,850 | 2.94% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $6,506 | 2.58% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $21,500 | 2.88% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $10,866 | 2.63% |
| Juneau, AK (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $11,431 | 2.75% |
| Picayune, MS (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $19,899 | 2.88% |
| GREEN BAY, WI (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $15,829 | 2.75% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 3 | $385,000 | $128,333 | $3,184 | 2.63% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $5,918 | 3.25% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $5,250 | 3.38% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $3,049 | 3.38% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,416 | 3.38% |
| St. Marys, GA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $2,244 | 3.12% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,405 | 2.63% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $13,109 | 2.75% |
| Brainerd, MN (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $2,436 | 2.88% |
| GOLDSBORO, NC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $8,078 | 2.63% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $8,455 | 2.88% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,568 | 2.75% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $8,926 | 2.75% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,922 | 3.00% |
| Cedar City, UT (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,526 | 2.50% |
| Cullowhee, NC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,978 | 2.75% |
| Riverton, WY (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 3.37% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $11,505 | 2.88% |
| BANGOR, ME (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $1,318 | 2.63% |
| Warren, PA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,681 | 3.00% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,837 | 2.25% |
| Sanford, NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $7,171 | 3.00% |
| Brenham, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,043 | 3.00% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,906 | 2.88% |
| DOVER, DE (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,834 | 3.38% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,316 | 2.25% |
| HINESVILLE, GA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,910 | 2.63% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,338 | 2.63% |
| Washington, NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,340 | 3.13% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,224 | 2.38% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,879 | 2.75% |
| North Wilkesboro, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 1.75% |
| GREENVILLE, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,621 | 2.13% |
West Town Bank & Trust's top markets include Baltimore, Morehead City, Washington, Virginia Beach, and Chicago among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 341 | $87,025,000 | $255,205 | $4,532 | 2.98% |
| VA | 125 | $44,895,000 | $359,160 | $9,326 | 2.72% |
| FHA | 50 | $13,240,000 | $264,800 | $8,953 | 2.94% |
| USDA | 3 | $525,000 | $175,000 | $5,681 | 2.83% |
For the 2021 period, West Town Bank & Trust's most frequently originated loan type of loans were Conventional, with 341 originations. Their 2nd most popular type is VA, with 125 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Purchase | 304 | $92,190,000 | $303,257 | $7,260 | 2.97% |
| Refi | 145 | $36,425,000 | $251,207 | $4,089 | 2.72% |
| Cash Out Refi | 42 | $10,310,000 | $245,476 | $5,302 | 3.05% |
| Home Improvement | 28 | $6,760,000 | $241,429 | $5,911 | 3.15% |
For the 2021, West Town Bank & Trust's most frequently cited loan purpose of loans were Home Purchase, with 304 originations. The 2nd most popular reason of loans were Refi, with 145 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 477 | $136,265,000 | $285,671 | $6,328 | 2.94% |
| 15 Year | 29 | $6,915,000 | $238,448 | $4,087 | 2.39% |
| 20 Year | 6 | $1,210,000 | $201,667 | $3,906 | 2.85% |
| Other | 4 | $750,000 | $187,500 | $4,334 | 2.75% |
| 3 Year | 3 | $545,000 | $181,667 | $0 | 4.35% |
For the 2021, West Town Bank & Trust's most frequently cited loan length of loans were 30 Year, with 477 originations. The 2nd most popular length of loans were 15 Year, with 29 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 285 | $73,585,000 | $258,193 |
| $<1k | 128 | $43,670,000 | $341,172 |
| $2k-3k | 42 | $12,650,000 | $301,190 |
| $3k-4k | 41 | $12,045,000 | $293,780 |
| $5k+ | 2 | $550,000 | $275,000 |
$6,328 of loans were West Town Bank & Trust's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 285 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 287 | $86,205,000 | $300,366 |
| 3-4% | 139 | $36,225,000 | $260,612 |
| <2.5% | 86 | $21,940,000 | $255,116 |
| 4-5% | 7 | $1,315,000 | $187,857 |
During 2021, West Town Bank & Trust's average interest rate of loans were 2.94%, while their most frequently originated rate bucket of loans were 2.5-3%, with 287 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 282 | $79,450,000 | $281,738 | $6,333 | 2.92% |
| $100k-200k | 143 | $22,135,000 | $154,790 | $3,934 | 2.96% |
| $400k-600k | 77 | $37,055,000 | $481,234 | $9,251 | 2.79% |
| $100,000 or less | 9 | $765,000 | $85,000 | $2,701 | 3.17% |
| $600k-1MM | 7 | $5,075,000 | $725,000 | $9,532 | 3.00% |
| $1MM+ | 1 | $1,205,000 | $1,205,000 | $7,349 | 3.38% |
2021 saw West Town Bank & Trust place emphasis on $200k-400k loans with 282 originations, totaling $79,450,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k-75k | 147 | $36,645,000 | $249,286 | $6,421 | 2.92% |
| $50k or less | 97 | $18,135,000 | $186,959 | $4,846 | 2.89% |
| $100k-150k | 91 | $32,525,000 | $357,418 | $7,149 | 2.88% |
| $75k-100k | 85 | $24,295,000 | $285,824 | $6,733 | 2.96% |
| $150k-250k | 59 | $20,125,000 | $341,102 | $6,622 | 3.02% |
| $250k+ | 12 | $5,400,000 | $450,000 | $5,040 | 3.26% |
West Town Bank & Trust lent most frequently to those with incomes in the $50k-75k range, with 147 originations. The second most popular income band? $50k or less, with 97 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30-36% | 75 | $20,735,000 | $276,467 | $6,092 | 2.90% |
| 20-30% | 68 | $19,310,000 | $283,971 | $5,479 | 2.93% |
| 42% | 33 | $8,225,000 | $249,242 | $5,552 | 2.99% |
| 44% | 27 | $8,305,000 | $307,593 | $7,258 | 2.93% |
| 43% | 27 | $7,605,000 | $281,667 | $6,815 | 2.95% |
| <20% | 26 | $6,140,000 | $236,154 | $4,490 | 2.87% |
| 41% | 26 | $8,260,000 | $317,692 | $5,973 | 3.04% |
| 45% | 26 | $6,370,000 | $245,000 | $6,103 | 3.00% |
| 39% | 24 | $6,450,000 | $268,750 | $6,442 | 2.81% |
| 40% | 24 | $5,820,000 | $242,500 | $5,704 | 3.00% |
| 49% | 20 | $5,550,000 | $277,500 | $5,263 | 2.97% |
| 50-60% | 19 | $5,915,000 | $311,316 | $9,926 | 2.93% |
| 38% | 18 | $5,600,000 | $311,111 | $7,085 | 2.88% |
| 37% | 17 | $5,685,000 | $334,412 | $8,131 | 3.04% |
| 46% | 17 | $4,475,000 | $263,235 | $5,770 | 2.86% |
| 47% | 14 | $4,440,000 | $317,143 | $8,699 | 2.75% |
| 36% | 13 | $3,445,000 | $265,000 | $6,538 | 2.88% |
| 48% | 12 | $3,470,000 | $289,167 | $7,333 | 3.01% |
West Town Bank & Trust lent most frequently to those with DTI ratios of 30-36%, with 75 originations. The next most common DTI ratio? 20-30%, with 68 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 323 | $93,105,000 | $288,251 | $5,891 | 2.91% |
| Asian | 113 | $30,645,000 | $271,195 | $6,505 | 2.99% |
| Not provided | 53 | $14,125,000 | $266,509 | $6,476 | 2.73% |
| Black | 25 | $6,315,000 | $252,600 | $6,700 | 2.99% |
| American Indian | 3 | $1,195,000 | $398,333 | $12,663 | 2.88% |
| Not applicable | 1 | $155,000 | $155,000 | $0 | 4.35% |
| Chinese | 1 | $145,000 | $145,000 | $0 | 4.35% |
Approval Rates
Total approvals of all applications97.30%
West Town Bank & Trust has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination87.09%
West Town Bank & Trust has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 519 | $145,685,000 | $280,703 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 519 | $145,685,000 | $280,703 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 6 | $1,340,000 | $223,333 | $3,184 | 2.83% |
| 40-60% | 33 | $6,555,000 | $198,636 | $3,695 | 2.66% |
| 60-80% | 157 | $39,135,000 | $249,268 | $4,387 | 3.02% |
| 80-100% | 262 | $77,070,000 | $294,160 | $6,470 | 2.94% |
| Over 100% | 37 | $14,475,000 | $391,216 | $14,930 | 2.75% |
| Under 20% | 1 | $45,000 | $45,000 | $1,527 | 3.25% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| West Town Bank & Trust | 7820 West 26th Street North Riverside, IL 60546 | Full Service B&M | $343,568 |
For 2021, West Town Bank & Trust had 1 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $15,295 |
| Net interest income | $12,723 |
| Total noninterest income | $15,232 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $222 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $15,010 |
| Pre-tax net operating income | $3,917 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $5,664 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $5,664 |
| Minority interest net income | $-631 |
| Net income | $6,295 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $5,664 |
West Town Bank & Trust's gross interest income from loans was $15,295,000.
West Town Bank & Trust's net interest income from loans was $12,723,000.
West Town Bank & Trust's fee based income from loans was $222,000.
West Town Bank & Trust's net income from loans was $6,295,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $2,572 |
| Provision for credit losses | $1,947 |
| Total noninterest expense | $22,091 |
| Salaries and employee benefits | $14,484 |
| Premises and equipment expense | $558 |
| Additional noninterest expense | $7,049 |
| Applicable income taxes | $-1,747 |
| Net charge-offs | $1,544 |
| Cash dividends | $0 |
West Town Bank & Trust's interest expense for loans was $2,572,000.
West Town Bank & Trust's payroll and benefits expense were $14,484,000.
West Town Bank & Trust's property, plant and equipment expenses $558,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 2.0% |
| Real Estate loans | 4.0% |
| Construction & Land Development loans | 0.0% |
| Nonfarm, nonresidential loans | 6.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 1.0% |
| HELOC loans | 0.0% |
| All other family | 1.0% |
| 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 | $352,800 |
| Deposits held in domestic offices | $352,800 |
| Deposits by Individuals, partnerships, and corporations | $351,643 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $656 |
| Deposits by Commercial banks and other depository institutions in U.S. | $501 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $131,377 |
| Demand deposits | $118,957 |
| Nontransaction accounts | $221,423 |
| Money market deposit accounts (MMDAs) | $48,647 |
| Other savings deposits (excluding MMDAs) | $12,554 |
| Total time deposits | $160,221 |
| Total time and savings deposits | $233,843 |
| Noninterest-bearing deposits | $118,957 |
| Interest-bearing deposits | $233,843 |
| Retail deposits | $284,123 |
| IRAs and Keogh plan accounts | $10,517 |
| Brokered deposits | $40,519 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $411,380 |
| Cash & Balances due from depository institutions | $84,970 |
| Interest-bearing balances | $81,656 |
| Total securities | $20,671 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $281,958 |
| Loan and leases loss allowance | $5,547 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $4,050 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $4,047 |
| All other assets | $15,684 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $411,380 |
| Total Liabilities | $363,923 |
| Total deposits | $352,800 |
| Interest-bearing deposits | $233,843 |
| Deposits held in domestic offices | $352,800 |
| % insured (estimated) | $71 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $5,000 |
| Subordinated debt | $0 |
| All other liabilities | $6,123 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $281,958 |
| Loan and leases loss allowance | $5,547 |
| Total loans and leases (domestic) | $287,505 |
| All real estate loans | $137,855 |
| Real estate loans in domestic offices | $137,855 |
| Construction and development loans | $20,524 |
| Residential 1-4 family construction | $0 |
| Other construction, all land development and other land | $20,524 |
| Loans secured by nonfarm nonresidential properties | $78,965 |
| Nonfarm nonresidential secured by owner-occupied properties | $72,698 |
| Commercial real estate & other non-farm, non-residential | $6,267 |
| Multifamily residential real estate | $6,847 |
| 1-4 family residential loans | $30,712 |
| Farmland loans | $807 |
| Loans held in foreign offices | $0 |
| Farm loans | $8,584 |
| Commercial and industrial loans | $140,992 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $74 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $56 |
| Other loans to individuals | $18 |
| All other loans & leases | $0 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $0 |
| 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 | $566 |
| Non 1-4 family restructured loans & leases | $566 |
| Total loans and leases (foreign) | $0 |
West Town Bank & Trust had $281,958,000 of loans outstanding in 2021. $137,855,000 of loans were in real estate loans. $20,524,000 of loans were in development loans. $6,847,000 of loans were in multifamily mortgage loans. $30,712,000 of loans were in 1-4 family mortgage loans. $8,584,000 of loans were in farm loans. $0 of loans were in credit card loans. $56,000 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 | 207 | $42,822 | $206,870 |
| Nonfarm, nonresidential loans - <$100k | 98 | $1,385 | $14,133 |
| Nonfarm, nonresidential loans - $100-250k | 44 | $7,455 | $169,432 |
| Nonfarm, nonresidential loans - $250k-1MM | 65 | $33,982 | $522,800 |
| Commercial & Industrial, US addressed loans - <$1MM | 846 | $62,449 | $73,817 |
| Commercial & Industrial, US addressed loans - <$100k | 687 | $7,673 | $11,169 |
| Commercial & Industrial, US addressed loans - $100-250k | 72 | $12,172 | $169,056 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 87 | $42,604 | $489,701 |
| Farmland loans - <$1MM | 5 | $807 | $161,400 |
| Farmland loans - <$100k | 3 | $190 | $63,333 |
| Farmland loans - $250k-1MM | 2 | $617 | $308,500 |
| Agriculture operations loans - <$1MM | 6 | $869 | $144,833 |
| Agriculture operations loans - <$100k | 3 | $100 | $33,333 |
| Agriculture operations loans - $100-250k | 1 | $137 | $137,000 |
| Agriculture operations loans - $250k-1MM | 2 | $632 | $316,000 |
