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 and Refi loans. Catlin Bank has a high proportion of conventional loans. Their top markets by origination volume include: Danville, Champaign, Lafayette, Terre Haute, and Charleston among others. We have data for 10 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

    201

    Origination Dollar Volume (All Markets)

    $19,195,000

    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) 163 $13,885,000 $85,184 $0 0.00%
    Outside of Metro Areas 12 $1,900,000 $158,333 $0 0.00%
    CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 7 $1,045,000 $149,286 $0 0.00%
    LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 7 $735,000 $105,000 $0 0.00%
    TERRE HAUTE, IN (FHA|USDA|VA) 6 $460,000 $76,667 $0 0.00%
    Charleston-Mattoon, IL (FHA|USDA|VA) 2 $400,000 $200,000 $0 0.00%
    PEORIA, IL (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
    Pontiac, IL (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
    Ottawa, IL (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
    Catlin Bank's top markets include Danville, Champaign, Lafayette, Terre Haute, and Charleston 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 178 $17,110,000 $96,124 $0 0.00%
    USDA 23 $2,085,000 $90,652 $0 0.00%

    For 2019, Catlin Bank's most frequently originated type of loan was Conventional, with 178 originations. Their 2nd most popular type was USDA, with 23 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 105 $11,535,000 $109,857 $0 0.00%
    Refi 57 $5,095,000 $89,386 $0 0.00%
    Cash Out Refi 25 $2,165,000 $86,600 $0 0.00%
    Other 10 $270,000 $27,000 $0 0.00%
    Home Improvement 4 $130,000 $32,500 $0 0.00%

    For 2019, Catlin Bank's most frequently cited loan purpose was Home Purchase, with 105 originations. The 2nd most popular reason was Refi, with 57 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 201 $19,195,000 $95,498 $0 0.00%

    For 2019, Catlin Bank's most frequently cited loan duration was Other, with 201 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 129 $6,675,000 $51,744 $0 0.00%
    $100k-200k 55 $8,025,000 $145,909 $0 0.00%
    $200k-400k 16 $4,030,000 $251,875 $0 0.00%
    $400k-600k 1 $465,000 $465,000 $0 0.00%

    2019 saw Catlin Bank place emphasis on $100,000 or less loans with 129 originations, totaling $6,675,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 58 $5,060,000 $87,241 $0 0.00%
    $50k or less 57 $3,225,000 $56,579 $0 0.00%
    $75k-100k 40 $4,140,000 $103,500 $0 0.00%
    $100k-150k 29 $4,275,000 $147,414 $0 0.00%
    $150k-250k 7 $1,395,000 $199,286 $0 0.00%
    $250k+ 1 $35,000 $35,000 $0 0.00%

    Catlin Bank lent most frequently to those with incomes in the $50k-75k range, with 58 originations. The second most popular income band? $50k or less, with 57 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 201 $19,195,000 $95,498 $0 0.00%

    Catlin Bank lent most frequently to those with DTI ratios of Exempt%, with 201 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 193 $18,055,000 $93,549 $0 0.00%
    Not applicable 5 $795,000 $159,000 $0 0.00%
    Not provided 2 $210,000 $105,000 $0 0.00%
    Black 1 $135,000 $135,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.26%

    Catlin Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    76.12%

    Catlin Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 201 $19,195,000 $95,498

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $1,030,000 $257,500
    Single Family (1-4 Units):Manufactured 11 $585,000 $53,182
    Single Family (1-4 Units):Site-Built 186 $17,580,000 $94,516

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Catlin Bank 1002 North Main Street Georgetown, IL 61846 Full Service B&M $8,260
    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 $47,440

    For 2019, Catlin Bank had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $2,727
    Net interest income $2,273
    Total noninterest income $1,072
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $95
    Trading account gains and fees $0
    Additional Noninterest Income $977
    Pre-tax net operating income $754
    Securities gains (or losses, -) $0
    Income before extraordinary items $582
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $582
    Minority interest net income $0
    Net income $582
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $582

    Catlin Bank's gross interest income from loans was $2,727,000.
    Catlin Bank's net interest income from loans was $2,273,000.
    Catlin Bank's fee based income from loans was $95,000.
    Catlin Bank's net income from loans was $582,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $454
    Provision for credit losses $144
    Total noninterest expense $2,447
    Salaries and employee benefits $1,078
    Premises and equipment expense $460
    Additional noninterest expense $909
    Applicable income taxes $172
    Net charge-offs $194
    Cash dividends $38

    Catlin Bank's interest expense for loans was $454,000.
    Catlin Bank's payroll and benefits expense were $1,078,000.
    Catlin Bank's property, plant and equipment expenses $460,000.

    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 1.0%
    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 $55,152
    Deposits held in domestic offices $55,152
    Deposits by Individuals, partnerships, and corporations $43,242
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $11,910
    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 $26,217
    Demand deposits $13,828
    Nontransaction accounts $28,935
    Money market deposit accounts (MMDAs) $0
    Other savings deposits (excluding MMDAs) $16,054
    Total time deposits $12,881
    Total time and savings deposits $41,324
    Noninterest-bearing deposits $13,828
    Interest-bearing deposits $41,324
    Retail deposits $52,246
    IRAs and Keogh plan accounts $830
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $62,781
    Cash & Balances due from depository institutions $7,519
    Interest-bearing balances $6,653
    Total securities $11,565
    Federal funds sold & reverse repurchase $0
    Net loans and leases $39,871
    Loan and leases loss allowance $261
    Trading account assets $0
    Bank premises and fixed assets $623
    Other real estate owned $154
    Goodwill and other intangibles $185
    All other assets $2,864

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $62,781
    Total Liabilities $56,347
    Total deposits $55,152
    Interest-bearing deposits $41,324
    Deposits held in domestic offices $55,152
    % insured (estimated) $85
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $1,195

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $39,871
    Loan and leases loss allowance $261
    Total loans and leases (domestic) $40,132
    All real estate loans $32,948
    Real estate loans in domestic offices $32,948
    Construction and development loans $4,891
    Residential 1-4 family construction $3,860
    Other construction, all land development and other land $1,031
    Loans secured by nonfarm nonresidential properties $6,912
    Nonfarm nonresidential secured by owner-occupied properties $6,483
    Commercial real estate & other non-farm, non-residential $429
    Multifamily residential real estate $714
    1-4 family residential loans $19,824
    Farmland loans $607
    Loans held in foreign offices $0
    Farm loans $234
    Commercial and industrial loans $5,703
    To non-U.S. addressees $0
    Loans to individuals $952
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $705
    Other loans to individuals $247
    All other loans & leases $295
    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 $216
    Non 1-4 family restructured loans & leases $50
    Total loans and leases (foreign) $0

    Catlin Bank had $39,871,000 of loans outstanding in 2019. $32,948,000 of loans were in real estate loans. $4,891,000 of loans were in development loans. $714,000 of loans were in multifamily mortgage loans. $19,824,000 of loans were in 1-4 family mortgage loans. $234,000 of loans were in farm loans. $0 of loans were in credit card loans. $705,000 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 27 $5,135 $190,185
    Nonfarm, nonresidential loans - <$100k 4 $124 $31,000
    Nonfarm, nonresidential loans - $100-250k 16 $2,577 $161,063
    Nonfarm, nonresidential loans - $250k-1MM 7 $2,434 $347,714
    Commercial & Industrial, US addressed loans - <$1MM 138 $5,469 $39,630
    Commercial & Industrial, US addressed loans - <$100k 111 $2,849 $25,667
    Commercial & Industrial, US addressed loans - $100-250k 11 $1,486 $135,091
    Commercial & Industrial, US addressed loans - $250k-1MM 16 $1,134 $70,875
    Farmland loans - <$1MM 11 $607 $55,182
    Farmland loans - <$100k 10 $526 $52,600
    Farmland loans - $100-250k 1 $81 $81,000
    Agriculture operations loans - <$1MM 2 $234 $117,000
    Agriculture operations loans - <$100k 1 $27 $27,000
    Agriculture operations loans - $100-250k 1 $207 $207,000