Sauk Valley Bank & Trust Company Mortgage Rates, Fees & Info
Sterling, ILLEI: 549300B6UWNP01JH6452
Tax ID: 36-4253133
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Bank Data
Review & Overview
Sauk Valley Bank & Trust Company is a smaller bank specializing in Refi and Home Purchase loans. Sauk Valley Bank & Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Sterling, Dixon, Chicago, Rockford, and Rochelle among others. We have data for 16 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
293Origination Dollar Volume (All Markets)
$44,885,000Employee count
111Top 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) | 129 | $16,545,000 | $128,256 | $0 | 0.00% |
| Dixon, IL (FHA|USDA|VA) | 84 | $11,590,000 | $137,976 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 36 | $7,040,000 | $195,556 | $0 | 0.00% |
| ROCKFORD, IL (FHA|USDA|VA) | 4 | $2,150,000 | $537,500 | $0 | 0.00% |
| Rochelle, IL (FHA|USDA|VA) | 11 | $2,015,000 | $183,182 | $0 | 0.00% |
| Whitewater, WI (FHA|USDA|VA) | 7 | $1,795,000 | $256,429 | $0 | 0.00% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 11 | $1,355,000 | $123,182 | $0 | 0.00% |
| Kalispell, MT (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $370,000 | $185,000 | $0 | 0.00% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| Clinton, IA (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $0 | 0.00% |
| WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| Ottawa, IL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| Muscatine, IA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 293 | $44,885,000 | $153,191 | $0 | 0.00% |
For 2021, Sauk Valley Bank & Trust Company's most frequently originated type of loan was Conventional, with 293 originations.
Loan Reason
For 2021, Sauk Valley Bank & Trust Company's most frequently cited loan purpose was Refi, with 131 originations. The 2nd most popular reason was Home Purchase, with 105 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 293 | $44,885,000 | $153,191 | $0 | 0.00% |
For 2021, Sauk Valley Bank & Trust Company's most frequently cited loan duration was Other, with 293 originations.
Loan Sizing
2021 saw Sauk Valley Bank & Trust Company place emphasis on $100,000 or less loans with 121 originations, totaling $7,755,000 in origination value.
Applicant Income
Sauk Valley Bank & Trust Company lent most frequently to those with incomes in the $50k or less range, with 78 originations. The second most popular income band? $50k-75k, with 64 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 293 | $44,885,000 | $153,191 | $0 | 0.00% |
Sauk Valley Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 293 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.15%
Sauk Valley Bank & Trust Company has an average approval rate.
Pick Rate
Approvals leading to origination93.86%
Sauk Valley Bank & Trust Company has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 293 | $44,885,000 | $153,191 |
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 | $274,970 |
| 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 | $8,959 |
| Sauk Valley Bank & Trust Company | 300 Walton Drive Dixon, IL 61021 | Full Service B&M | $77,194 |
| Sauk Valley Bank & Trust Company | 3319 East Lincolnway Sterling, IL 61081 | Full Service B&M | $26,521 |
| Sauk Valley Bank & Trust Company | 360 S Division St Ste 8 Harvard, IL 60033 | Full Service B&M | $17,729 |
| Sauk Valley Bank & Trust Company | 904 First Avenue Rock Falls, IL 61071 | Full Service B&M | $98,147 |
For 2021, Sauk Valley Bank & Trust Company had 7 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $19,821 |
| Net interest income | $18,286 |
| Total noninterest income | $3,188 |
| Gross Fiduciary activities income | $1,069 |
| Service charges on deposit accounts | $235 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $1,884 |
| Pre-tax net operating income | $6,400 |
| Securities gains (or losses, -) | $19 |
| Income before extraordinary items | $4,878 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $4,878 |
| Minority interest net income | $0 |
| Net income | $4,878 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $4,862 |
Sauk Valley Bank & Trust Company's gross interest income from loans was $19,821,000.
Sauk Valley Bank & Trust Company's net interest income from loans was $18,286,000.
Sauk Valley Bank & Trust Company's fee based income from loans was $235,000.
Sauk Valley Bank & Trust Company's net income from loans was $4,878,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $1,535 |
| Provision for credit losses | $1,850 |
| Total noninterest expense | $13,224 |
| Salaries and employee benefits | $8,405 |
| Premises and equipment expense | $1,218 |
| Additional noninterest expense | $3,601 |
| Applicable income taxes | $1,541 |
| Net charge-offs | $1,624 |
| Cash dividends | $337 |
Sauk Valley Bank & Trust Company's interest expense for loans was $1,535,000.
Sauk Valley Bank & Trust Company's payroll and benefits expense were $8,405,000.
Sauk Valley Bank & Trust Company's property, plant and equipment expenses $1,218,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 1.0% |
| Real Estate loans | 2.0% |
| Construction & Land Development loans | 0.0% |
| Nonfarm, nonresidential loans | 0.0% |
| Multifamily residential loans | 1.0% |
| 1-4 family residential loans | 9.0% |
| HELOC loans | 0.0% |
| All other family | 11.0% |
| 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 | $507,140 |
| Deposits held in domestic offices | $507,140 |
| Deposits by Individuals, partnerships, and corporations | $378,348 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $122,907 |
| Deposits by Commercial banks and other depository institutions in U.S. | $5,886 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $279,012 |
| Demand deposits | $154,983 |
| Nontransaction accounts | $228,129 |
| Money market deposit accounts (MMDAs) | $92,213 |
| Other savings deposits (excluding MMDAs) | $45,887 |
| Total time deposits | $90,028 |
| Total time and savings deposits | $352,158 |
| Noninterest-bearing deposits | $122,050 |
| Interest-bearing deposits | $385,090 |
| Retail deposits | $463,401 |
| IRAs and Keogh plan accounts | $2,749 |
| Brokered deposits | $36,640 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $583,065 |
| Cash & Balances due from depository institutions | $12,588 |
| Interest-bearing balances | $5,858 |
| Total securities | $191,301 |
| Federal funds sold & reverse repurchase | $2 |
| Net loans and leases | $357,202 |
| Loan and leases loss allowance | $5,227 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $11,333 |
| Other real estate owned | $80 |
| Goodwill and other intangibles | $1,252 |
| All other assets | $9,307 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $583,065 |
| Total Liabilities | $531,785 |
| Total deposits | $507,140 |
| Interest-bearing deposits | $385,090 |
| Deposits held in domestic offices | $507,140 |
| % insured (estimated) | $69 |
| Federal funds purchased and repurchase agreements | $5,756 |
| Trading liabilities | $0 |
| Other borrowed funds | $16,300 |
| Subordinated debt | $0 |
| All other liabilities | $2,589 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $357,202 |
| Loan and leases loss allowance | $5,227 |
| Total loans and leases (domestic) | $362,429 |
| All real estate loans | $199,066 |
| Real estate loans in domestic offices | $199,066 |
| Construction and development loans | $1,669 |
| Residential 1-4 family construction | $534 |
| Other construction, all land development and other land | $1,135 |
| Loans secured by nonfarm nonresidential properties | $85,604 |
| Nonfarm nonresidential secured by owner-occupied properties | $38,834 |
| Commercial real estate & other non-farm, non-residential | $46,770 |
| Multifamily residential real estate | $19,734 |
| 1-4 family residential loans | $47,076 |
| Farmland loans | $44,983 |
| Loans held in foreign offices | $0 |
| Farm loans | $80,180 |
| Commercial and industrial loans | $81,620 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $1,412 |
| Credit card loans | $0 |
| Related Plans | $85 |
| Consumer Auto Loans | $354 |
| Other loans to individuals | $973 |
| All other loans & leases | $151 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $151 |
| 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 | $57 |
| Non 1-4 family restructured loans & leases | $0 |
| Total loans and leases (foreign) | $0 |
Sauk Valley Bank & Trust Company had $357,202,000 of loans outstanding in 2021. $199,066,000 of loans were in real estate loans. $1,669,000 of loans were in development loans. $19,734,000 of loans were in multifamily mortgage loans. $47,076,000 of loans were in 1-4 family mortgage loans. $80,180,000 of loans were in farm loans. $0 of loans were in credit card loans. $354,000 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 | 155 | $28,869 | $186,252 |
| Nonfarm, nonresidential loans - <$100k | 42 | $1,800 | $42,857 |
| Nonfarm, nonresidential loans - $100-250k | 61 | $8,199 | $134,410 |
| Nonfarm, nonresidential loans - $250k-1MM | 52 | $18,870 | $362,885 |
| Commercial & Industrial, US addressed loans - <$1MM | 297 | $26,266 | $88,438 |
| Commercial & Industrial, US addressed loans - <$100k | 169 | $3,806 | $22,521 |
| Commercial & Industrial, US addressed loans - $100-250k | 76 | $7,018 | $92,342 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 52 | $15,442 | $296,962 |
| Farmland loans - <$1MM | 87 | $10,827 | $124,448 |
| Farmland loans - <$100k | 14 | $644 | $46,000 |
| Farmland loans - $100-250k | 41 | $3,904 | $95,220 |
| Farmland loans - $250k-1MM | 32 | $6,279 | $196,219 |
| Agriculture operations loans - <$1MM | 125 | $10,527 | $84,216 |
| Agriculture operations loans - <$100k | 55 | $1,410 | $25,636 |
| Agriculture operations loans - $100-250k | 36 | $3,222 | $89,500 |
| Agriculture operations loans - $250k-1MM | 34 | $5,895 | $173,382 |