Catlin Bank Mortgage Rates, Fees & Info

Catlin, IL

LEI: 549300BLY7T77VMK2263

Tax ID: 37-0209600

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Mortgage Data

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

    Catlin Bank is a smaller bank specializing in Home Purchase loans. Catlin Bank has a high proportion of conventional loans. Their top markets by origination volume include: Danville, Terre Haute, Champaign, Lafayette, and Kankakee among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Catlin Bank 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.

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    Originations

    230

    Origination Dollar Volume (All Markets)

    $19,950,000

    Employee count

    19

    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
    DANVILLE, IL (FHA|USDA|VA) 184 $14,930,000 $81,141 $0 0.00%
    Outside of Metro Areas 17 $1,915,000 $112,647 $0 0.00%
    TERRE HAUTE, IN (FHA|USDA|VA) 9 $955,000 $106,111 $0 0.00%
    CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 9 $775,000 $86,111 $0 0.00%
    LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 5 $675,000 $135,000 $0 0.00%
    KANKAKEE, IL (FHA|USDA|VA) 3 $265,000 $88,333 $0 0.00%
    Crawfordsville, IN (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
    Galesburg, IL (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
    BLOOMINGTON, IN (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
    Catlin Bank's top markets include Danville, Terre Haute, Champaign, Lafayette, and Kankakee among others.

    Their top states include:
  • Illinois (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 181 $15,795,000 $87,265 $0 0.00%
    USDA 49 $4,155,000 $84,796 $0 0.00%

    For 2018, Catlin Bank's most frequently originated type of loan was Conventional, with 181 originations. Their 2nd most popular type was USDA, with 49 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 152 $14,590,000 $95,987 $0 0.00%
    Refi 35 $2,925,000 $83,571 $0 0.00%
    Cash Out Refi 28 $1,830,000 $65,357 $0 0.00%
    Other 12 $460,000 $38,333 $0 0.00%
    Home Improvement 3 $145,000 $48,333 $0 0.00%

    For 2018, Catlin Bank's most frequently cited loan purpose was Home Purchase, with 152 originations. The 2nd most popular reason was Refi, with 35 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 230 $19,950,000 $86,739 $0 0.00%

    For 2018, Catlin Bank's most frequently cited loan duration was Other, with 230 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 164 $9,640,000 $58,780 $0 0.00%
    $100k-200k 57 $7,955,000 $139,561 $0 0.00%
    $200k-400k 9 $2,355,000 $261,667 $0 0.00%

    2018 saw Catlin Bank place emphasis on $100,000 or less loans with 164 originations, totaling $9,640,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 102 $6,690,000 $65,588 $0 0.00%
    $50k-75k 64 $5,410,000 $84,531 $0 0.00%
    $75k-100k 32 $3,070,000 $95,938 $0 0.00%
    $100k-150k 18 $2,590,000 $143,889 $0 0.00%
    $150k-250k 7 $765,000 $109,286 $0 0.00%
    $250k+ 2 $30,000 $15,000 $0 0.00%

    Catlin Bank lent most frequently to those with incomes in the $50k or less range, with 102 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% 230 $19,950,000 $86,739 $0 0.00%

    Catlin Bank lent most frequently to those with DTI ratios of Exempt%, with 230 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 216 $18,220,000 $84,352 $0 0.00%
    Not applicable 3 $805,000 $268,333 $0 0.00%
    Black 7 $345,000 $49,286 $0 0.00%
    Asian Indian 1 $245,000 $245,000 $0 0.00%
    American Indian 2 $180,000 $90,000 $0 0.00%
    Not provided 1 $155,000 $155,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.53%

    Catlin Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.52%

    Catlin Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 230 $19,950,000 $86,739

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $325,000 $325,000
    Multifamily:Site-Built 3 $825,000 $275,000
    Single Family (1-4 Units):Manufactured 20 $1,250,000 $62,500
    Single Family (1-4 Units):Site-Built 206 $17,550,000 $85,194

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Catlin Bank 1002 North Main Street Georgetown, IL 61846 Full Service B&M $7,527
    Catlin Bank 109 East Vermilion Street Catlin, IL 61817 Limited, Drive-thru $0
    Catlin Bank 202 South Sandusky Street Catlin, IL 61817 Full Service B&M $43,179

    For 2018, Catlin Bank had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $2,481
    Net interest income $2,124
    Total noninterest income $898
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $114
    Trading account gains and fees $0
    Additional Noninterest Income $784
    Pre-tax net operating income $644
    Securities gains (or losses, -) $0
    Income before extraordinary items $505
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $505
    Minority interest net income $0
    Net income $505
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $505

    Catlin Bank's gross interest income from loans was $2,481,000.
    Catlin Bank's net interest income from loans was $2,124,000.
    Catlin Bank's fee based income from loans was $114,000.
    Catlin Bank's net income from loans was $505,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $357
    Provision for credit losses $67
    Total noninterest expense $2,311
    Salaries and employee benefits $1,201
    Premises and equipment expense $278
    Additional noninterest expense $832
    Applicable income taxes $139
    Net charge-offs $40
    Cash dividends $37

    Catlin Bank's interest expense for loans was $357,000.
    Catlin Bank's payroll and benefits expense were $1,201,000.
    Catlin Bank's property, plant and equipment expenses $278,000.

    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 0.0%
    All other family 0.0%
    Commercial & industrial loans 5.0%
    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 $49,216
    Deposits held in domestic offices $49,216
    Deposits by Individuals, partnerships, and corporations $38,225
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $10,991
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $23,014
    Demand deposits $10,919
    Nontransaction accounts $26,202
    Money market deposit accounts (MMDAs) $0
    Other savings deposits (excluding MMDAs) $13,252
    Total time deposits $12,950
    Total time and savings deposits $38,297
    Noninterest-bearing deposits $10,919
    Interest-bearing deposits $38,297
    Retail deposits $46,948
    IRAs and Keogh plan accounts $803
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $56,377
    Cash & Balances due from depository institutions $3,070
    Interest-bearing balances $1,250
    Total securities $11,355
    Federal funds sold & reverse repurchase $0
    Net loans and leases $38,585
    Loan and leases loss allowance $311
    Trading account assets $0
    Bank premises and fixed assets $546
    Other real estate owned $0
    Goodwill and other intangibles $172
    All other assets $2,649

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $56,377
    Total Liabilities $50,637
    Total deposits $49,216
    Interest-bearing deposits $38,297
    Deposits held in domestic offices $49,216
    % insured (estimated) $83
    Federal funds purchased and repurchase agreements $375
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $1,046

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $38,585
    Loan and leases loss allowance $311
    Total loans and leases (domestic) $38,896
    All real estate loans $32,213
    Real estate loans in domestic offices $32,213
    Construction and development loans $4,898
    Residential 1-4 family construction $3,925
    Other construction, all land development and other land $973
    Loans secured by nonfarm nonresidential properties $7,506
    Nonfarm nonresidential secured by owner-occupied properties $7,167
    Commercial real estate & other non-farm, non-residential $339
    Multifamily residential real estate $546
    1-4 family residential loans $18,382
    Farmland loans $881
    Loans held in foreign offices $0
    Farm loans $259
    Commercial and industrial loans $5,025
    To non-U.S. addressees $0
    Loans to individuals $994
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $416
    Other loans to individuals $578
    All other loans & leases $406
    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 $338
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Catlin Bank had $38,585,000 of loans outstanding in 2018. $32,213,000 of loans were in real estate loans. $4,898,000 of loans were in development loans. $546,000 of loans were in multifamily mortgage loans. $18,382,000 of loans were in 1-4 family mortgage loans. $259,000 of loans were in farm loans. $0 of loans were in credit card loans. $416,000 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 79 $7,506 $95,013
    Nonfarm, nonresidential loans - <$100k 45 $1,544 $34,311
    Nonfarm, nonresidential loans - $100-250k 25 $3,092 $123,680
    Nonfarm, nonresidential loans - $250k-1MM 9 $2,870 $318,889
    Commercial & Industrial, US addressed loans - <$1MM 137 $5,025 $36,679
    Commercial & Industrial, US addressed loans - <$100k 118 $2,304 $19,525
    Commercial & Industrial, US addressed loans - $100-250k 13 $1,221 $93,923
    Commercial & Industrial, US addressed loans - $250k-1MM 6 $1,500 $250,000
    Farmland loans - <$1MM 12 $881 $73,417
    Farmland loans - <$100k 9 $532 $59,111
    Farmland loans - $100-250k 3 $349 $116,333
    Agriculture operations loans - <$1MM 4 $259 $64,750
    Agriculture operations loans - <$100k 3 $49 $16,333
    Agriculture operations loans - $100-250k 1 $210 $210,000