Security Bank S.b. Mortgage Rates, Fees & Info
Springfield, ILLEI: 549300BGIT0LFI12Z304
Tax ID: 37-0509011
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Security Bank S.b. is a smaller bank specializing in Home Purchase loans. Security Bank S.b. has a high proportion of conventional loans. Their top markets by origination volume include: Springfield, St. Louis, Jackson, Punta Gorda, and Lincoln among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Security Bank S.b. 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
57Origination Dollar Volume (All Markets)
$7,605,000Top 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 |
|---|---|---|---|---|---|
| SPRINGFIELD, IL (FHA|USDA|VA) | 49 | $6,465,000 | $131,939 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 4 | $470,000 | $117,500 | $0 | 0.00% |
| Jackson, WY-ID (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| Lincoln, IL (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 57 | $7,605,000 | $133,421 | $0 | 0.00% |
For 2024, Security Bank S.b.'s most frequently originated type of loan was Conventional, with 57 originations.
Loan Reason
For 2024, Security Bank S.b.'s most frequently cited loan purpose was Home Purchase, with 33 originations. The 2nd most popular reason was Refi, with 10 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 57 | $7,605,000 | $133,421 | $0 | 0.00% |
For 2024, Security Bank S.b.'s most frequently cited loan duration was Other, with 57 originations.
Loan Sizing
2024 saw Security Bank S.b. place emphasis on $100,000 or less loans with 24 originations, totaling $1,280,000 in origination value.
Applicant Income
Security Bank S.b. lent most frequently to those with incomes in the $100k-150k range, with 17 originations. The second most popular income band? $50k-75k, with 10 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 57 | $7,605,000 | $133,421 | $0 | 0.00% |
Security Bank S.b. lent most frequently to those with DTI ratios of Exempt%, with 57 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.45%
Security Bank S.b. has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination91.23%
Security Bank S.b. has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 57 | $7,605,000 | $133,421 |