Sauk Valley Bank & Trust Company Mortgage Rates, Fees & Info

Sterling, IL

LEI: 549300B6UWNP01JH6452

Tax ID: 36-4253133

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Mortgage Data

Bank Data

Review & Overview

Sauk Valley Bank & Trust Company is a smaller bank specializing in Home Purchase and Refi loans. Sauk Valley Bank & Trust Company has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Sterling, Dixon, Chicago, Davenport, and Rochelle among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)

Sauk Valley Bank & Trust Company 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

225

Origination Dollar Volume (All Markets)

$31,995,000

Employee count

104

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
Sterling, IL (FHA|USDA|VA) 94 $10,230,000 $108,830 $0 0.00%
Dixon, IL (FHA|USDA|VA) 57 $8,165,000 $143,246 $0 0.00%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 32 $5,070,000 $158,438 $0 0.00%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 9 $2,985,000 $331,667 $0 0.00%
Rochelle, IL (FHA|USDA|VA) 16 $2,120,000 $132,500 $0 0.00%
Whitewater, WI (FHA|USDA|VA) 3 $945,000 $315,000 $0 0.00%
Key West, FL (FHA|USDA|VA) 1 $575,000 $575,000 $0 0.00%
ROCKFORD, IL (FHA|USDA|VA) 4 $520,000 $130,000 $0 0.00%
Kalispell, MT (FHA|USDA|VA) 1 $485,000 $485,000 $0 0.00%
MORRISTOWN, TN (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
PEORIA, IL (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
Outside of Metro Areas 3 $205,000 $68,333 $0 0.00%
Muscatine, IA (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
Ottawa, IL (FHA|USDA|VA) 2 $80,000 $40,000 $0 0.00%
Sauk Valley Bank & Trust Company's top markets include Sterling, Dixon, Chicago, Davenport, and Rochelle among others.

Their top states include:
  • Illinois (FHA|USDA|VA)
  • Iowa (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Montana (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 210 $30,540,000 $145,429 $0 0.00%
    USDA 15 $1,455,000 $97,000 $0 0.00%

    For 2019, Sauk Valley Bank & Trust Company's most frequently originated type of loan was Conventional, with 210 originations. Their 2nd most popular type was USDA, with 15 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 113 $15,085,000 $133,496 $0 0.00%
    Refi 81 $12,815,000 $158,210 $0 0.00%
    Cash Out Refi 28 $3,960,000 $141,429 $0 0.00%
    Home Improvement 1 $25,000 $25,000 $0 0.00%
    Other 1 $15,000 $15,000 $0 0.00%
    NA 1 $95,000 $95,000 $0 0.00%

    For 2019, Sauk Valley Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 113 originations. The 2nd most popular reason was Refi, with 81 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 225 $31,995,000 $142,200 $0 0.00%

    For 2019, Sauk Valley Bank & Trust Company's most frequently cited loan duration was Other, with 225 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 101 $6,475,000 $64,109 $0 0.00%
    $100k-200k 82 $11,540,000 $140,732 $0 0.00%
    $200k-400k 34 $8,930,000 $262,647 $0 0.00%
    $400k-600k 7 $3,325,000 $475,000 $0 0.00%
    $1MM+ 1 $1,725,000 $1,725,000 $0 0.00%

    2019 saw Sauk Valley Bank & Trust Company place emphasis on $100,000 or less loans with 101 originations, totaling $6,475,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 47 $3,585,000 $76,277 $0 0.00%
    $50k-75k 46 $4,820,000 $104,783 $0 0.00%
    $100k-150k 37 $6,495,000 $175,541 $0 0.00%
    $75k-100k 36 $4,670,000 $129,722 $0 0.00%
    $250k+ 20 $4,580,000 $229,000 $0 0.00%
    $150k-250k 17 $3,865,000 $227,353 $0 0.00%

    Sauk Valley Bank & Trust Company lent most frequently to those with incomes in the $50k or less range, with 47 originations. The second most popular income band? $50k-75k, with 46 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 225 $31,995,000 $142,200 $0 0.00%

    Sauk Valley Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 225 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 202 $27,850,000 $137,871 $0 0.00%
    Not applicable 20 $3,750,000 $187,500 $0 0.00%
    Black 3 $395,000 $131,667 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.35%

    Sauk Valley Bank & Trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    96.00%

    Sauk Valley Bank & Trust Company has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 225 $31,995,000 $142,200

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 6 $2,730,000 $455,000
    Single Family (1-4 Units):Site-Built 219 $29,265,000 $133,630

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Sauk Valley Bank & Trust Company 201 West 3rd Street Sterling, IL 61081 Full Service B&M $222,715
    Sauk Valley Bank & Trust Company 201 West Third Street Sterling, IL 61081 Limited, Mobile/Seasonal Office $0
    Sauk Valley Bank & Trust Company 2403 North Locust Street Sterling, IL 61081 Full Service B&M $6,784
    Sauk Valley Bank & Trust Company 300 Walton Drive Dixon, IL 61021 Full Service B&M $69,446
    Sauk Valley Bank & Trust Company 3319 East Lincolnway Sterling, IL 61081 Full Service B&M $16,228
    Sauk Valley Bank & Trust Company 360 S Division St Ste 8 Harvard, IL 60033 Full Service B&M $8,991
    Sauk Valley Bank & Trust Company 904 First Avenue Rock Falls, IL 61071 Full Service B&M $65,915

    For 2019, Sauk Valley Bank & Trust Company had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $18,750
    Net interest income $14,556
    Total noninterest income $2,448
    Gross Fiduciary activities income $714
    Service charges on deposit accounts $691
    Trading account gains and fees $0
    Additional Noninterest Income $1,043
    Pre-tax net operating income $4,653
    Securities gains (or losses, -) $84
    Income before extraordinary items $3,593
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,593
    Minority interest net income $0
    Net income $3,593
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,526

    Sauk Valley Bank & Trust Company's gross interest income from loans was $18,750,000.
    Sauk Valley Bank & Trust Company's net interest income from loans was $14,556,000.
    Sauk Valley Bank & Trust Company's fee based income from loans was $691,000.
    Sauk Valley Bank & Trust Company's net income from loans was $3,593,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,194
    Provision for credit losses $600
    Total noninterest expense $11,751
    Salaries and employee benefits $7,324
    Premises and equipment expense $1,107
    Additional noninterest expense $3,320
    Applicable income taxes $1,144
    Net charge-offs $77
    Cash dividends $539

    Sauk Valley Bank & Trust Company's interest expense for loans was $4,194,000.
    Sauk Valley Bank & Trust Company's payroll and benefits expense were $7,324,000.
    Sauk Valley Bank & Trust Company's property, plant and equipment expenses $1,107,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 2.0%
    Real Estate loans 2.0%
    Construction & Land Development loans 2.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 7.0%
    1-4 family residential loans 7.0%
    HELOC loans 0.0%
    All other family 8.0%
    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 $392,772
    Deposits held in domestic offices $392,772
    Deposits by Individuals, partnerships, and corporations $268,127
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $111,811
    Deposits by Commercial banks and other depository institutions in U.S. $12,834
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $184,209
    Demand deposits $76,257
    Nontransaction accounts $208,563
    Money market deposit accounts (MMDAs) $91,553
    Other savings deposits (excluding MMDAs) $24,881
    Total time deposits $92,129
    Total time and savings deposits $316,515
    Noninterest-bearing deposits $76,647
    Interest-bearing deposits $316,125
    Retail deposits $354,312
    IRAs and Keogh plan accounts $2,989
    Brokered deposits $28,545
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $451,426
    Cash & Balances due from depository institutions $15,575
    Interest-bearing balances $8,330
    Total securities $100,802
    Federal funds sold & reverse repurchase $0
    Net loans and leases $318,271
    Loan and leases loss allowance $4,096
    Trading account assets $0
    Bank premises and fixed assets $7,788
    Other real estate owned $426
    Goodwill and other intangibles $1,184
    All other assets $7,380

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $451,426
    Total Liabilities $407,245
    Total deposits $392,772
    Interest-bearing deposits $316,125
    Deposits held in domestic offices $392,772
    % insured (estimated) $68
    Federal funds purchased and repurchase agreements $3,793
    Trading liabilities $0
    Other borrowed funds $8,850
    Subordinated debt $0
    All other liabilities $1,830

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $318,271
    Loan and leases loss allowance $4,096
    Total loans and leases (domestic) $322,367
    All real estate loans $176,524
    Real estate loans in domestic offices $176,524
    Construction and development loans $6,148
    Residential 1-4 family construction $848
    Other construction, all land development and other land $5,300
    Loans secured by nonfarm nonresidential properties $71,693
    Nonfarm nonresidential secured by owner-occupied properties $36,518
    Commercial real estate & other non-farm, non-residential $35,175
    Multifamily residential real estate $9,525
    1-4 family residential loans $45,008
    Farmland loans $44,150
    Loans held in foreign offices $0
    Farm loans $74,343
    Commercial and industrial loans $69,499
    To non-U.S. addressees $0
    Loans to individuals $1,917
    Credit card loans $0
    Related Plans $91
    Consumer Auto Loans $535
    Other loans to individuals $1,291
    All other loans & leases $84
    Loans to foreign governments and official institutions $0
    Other loans $84
    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 $369
    Non 1-4 family restructured loans & leases $1
    Total loans and leases (foreign) $0

    Sauk Valley Bank & Trust Company had $318,271,000 of loans outstanding in 2019. $176,524,000 of loans were in real estate loans. $6,148,000 of loans were in development loans. $9,525,000 of loans were in multifamily mortgage loans. $45,008,000 of loans were in 1-4 family mortgage loans. $74,343,000 of loans were in farm loans. $0 of loans were in credit card loans. $535,000 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 158 $30,351 $192,095
    Nonfarm, nonresidential loans - <$100k 47 $2,073 $44,106
    Nonfarm, nonresidential loans - $100-250k 56 $7,491 $133,768
    Nonfarm, nonresidential loans - $250k-1MM 55 $20,787 $377,945
    Commercial & Industrial, US addressed loans - <$1MM 280 $27,152 $96,971
    Commercial & Industrial, US addressed loans - <$100k 155 $3,778 $24,374
    Commercial & Industrial, US addressed loans - $100-250k 82 $8,180 $99,756
    Commercial & Industrial, US addressed loans - $250k-1MM 43 $15,194 $353,349
    Farmland loans - <$1MM 74 $12,408 $167,676
    Farmland loans - <$100k 15 $699 $46,600
    Farmland loans - $100-250k 37 $4,618 $124,811
    Farmland loans - $250k-1MM 22 $7,091 $322,318
    Agriculture operations loans - <$1MM 125 $14,127 $113,016
    Agriculture operations loans - <$100k 59 $1,800 $30,508
    Agriculture operations loans - $100-250k 32 $3,778 $118,063
    Agriculture operations loans - $250k-1MM 34 $8,549 $251,441