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, Terre Haute, Lafayette, and Indianapolis among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Catlin Bank has an 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

    292

    Origination Dollar Volume (All Markets)

    $32,780,000

    Employee count

    21

    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) 238 $24,190,000 $101,639 $0 0.00%
    Outside of Metro Areas 18 $2,620,000 $145,556 $0 0.00%
    CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 11 $2,215,000 $201,364 $0 0.00%
    TERRE HAUTE, IN (FHA|USDA|VA) 12 $1,450,000 $120,833 $0 0.00%
    LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 5 $835,000 $167,000 $0 0.00%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 2 $470,000 $235,000 $0 0.00%
    SPRINGFIELD, IL (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
    KANKAKEE, IL (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
    BLOOMINGTON, IL (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
    Jasper, IN (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
    CARBONDALE-MARION, IL (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
    Catlin Bank's top markets include Danville, Champaign, Terre Haute, Lafayette, and Indianapolis 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 263 $29,935,000 $113,821 $0 0.00%
    USDA 29 $2,845,000 $98,103 $0 0.00%

    For 2021, Catlin Bank's most frequently originated type of loan was Conventional, with 263 originations. Their 2nd most popular type was USDA, with 29 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 119 $14,095,000 $118,445 $0 0.00%
    Refi 108 $12,020,000 $111,296 $0 0.00%
    Cash Out Refi 56 $6,130,000 $109,464 $0 0.00%
    Other 5 $385,000 $77,000 $0 0.00%
    Home Improvement 4 $150,000 $37,500 $0 0.00%

    For 2021, Catlin Bank's most frequently cited loan purpose was Home Purchase, with 119 originations. The 2nd most popular reason was Refi, with 108 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 292 $32,780,000 $112,260 $0 0.00%

    For 2021, Catlin Bank's most frequently cited loan duration was Other, with 292 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 157 $10,355,000 $65,955 $0 0.00%
    $100k-200k 106 $14,820,000 $139,811 $0 0.00%
    $200k-400k 28 $7,060,000 $252,143 $0 0.00%
    $400k-600k 1 $545,000 $545,000 $0 0.00%

    2021 saw Catlin Bank place emphasis on $100,000 or less loans with 157 originations, totaling $10,355,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 88 $6,670,000 $75,795 $0 0.00%
    $50k-75k 85 $8,555,000 $100,647 $0 0.00%
    $75k-100k 59 $7,715,000 $130,763 $0 0.00%
    $100k-150k 40 $6,010,000 $150,250 $0 0.00%
    $150k-250k 7 $1,075,000 $153,571 $0 0.00%
    $250k+ 4 $710,000 $177,500 $0 0.00%

    Catlin Bank lent most frequently to those with incomes in the $50k or less range, with 88 originations. The second most popular income band? $50k-75k, with 85 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 292 $32,780,000 $112,260 $0 0.00%

    Catlin Bank lent most frequently to those with DTI ratios of Exempt%, with 292 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 276 $30,280,000 $109,710 $0 0.00%
    Not applicable 6 $1,620,000 $270,000 $0 0.00%
    Not provided 7 $625,000 $89,286 $0 0.00%
    Black 3 $255,000 $85,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.81%

    Catlin Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    58.56%

    Catlin Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 292 $32,780,000 $112,260

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    292 $32,780,000 $112,260

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Catlin Bank 202 South Sandusky Street Catlin, IL 61817 Full Service B&M $51,687
    Catlin Bank 1002 North Main Street Georgetown, IL 61846 Full Service B&M $9,121
    Catlin Bank 109 East Vermilion Street Catlin, IL 61817 Limited, Drive-thru $0

    For 2021, Catlin Bank had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $2,766
    Net interest income $2,638
    Total noninterest income $1,303
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $75
    Trading account gains and fees $0
    Additional Noninterest Income $1,228
    Pre-tax net operating income $1,380
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,036
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,036
    Minority interest net income $0
    Net income $1,036
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,036

    Catlin Bank's gross interest income from loans was $2,766,000.
    Catlin Bank's net interest income from loans was $2,638,000.
    Catlin Bank's fee based income from loans was $75,000.
    Catlin Bank's net income from loans was $1,036,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $128
    Provision for credit losses $0
    Total noninterest expense $2,561
    Salaries and employee benefits $1,155
    Premises and equipment expense $346
    Additional noninterest expense $1,060
    Applicable income taxes $344
    Net charge-offs $41
    Cash dividends $52

    Catlin Bank's interest expense for loans was $128,000.
    Catlin Bank's payroll and benefits expense were $1,155,000.
    Catlin Bank's property, plant and equipment expenses $346,000.

    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 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 $74,614
    Deposits held in domestic offices $74,614
    Deposits by Individuals, partnerships, and corporations $49,895
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $24,719
    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 $41,728
    Demand deposits $17,350
    Nontransaction accounts $32,886
    Money market deposit accounts (MMDAs) $0
    Other savings deposits (excluding MMDAs) $20,774
    Total time deposits $12,113
    Total time and savings deposits $57,264
    Noninterest-bearing deposits $17,351
    Interest-bearing deposits $57,263
    Retail deposits $72,675
    IRAs and Keogh plan accounts $1,017
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $83,819
    Cash & Balances due from depository institutions $15,062
    Interest-bearing balances $13,786
    Total securities $27,176
    Federal funds sold & reverse repurchase $0
    Net loans and leases $37,230
    Loan and leases loss allowance $446
    Trading account assets $0
    Bank premises and fixed assets $1,009
    Other real estate owned $0
    Goodwill and other intangibles $298
    All other assets $3,044

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $83,819
    Total Liabilities $75,420
    Total deposits $74,614
    Interest-bearing deposits $57,263
    Deposits held in domestic offices $74,614
    % insured (estimated) $70
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $806

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $37,230
    Loan and leases loss allowance $446
    Total loans and leases (domestic) $37,676
    All real estate loans $31,801
    Real estate loans in domestic offices $31,801
    Construction and development loans $4,705
    Residential 1-4 family construction $3,891
    Other construction, all land development and other land $814
    Loans secured by nonfarm nonresidential properties $7,298
    Nonfarm nonresidential secured by owner-occupied properties $7,047
    Commercial real estate & other non-farm, non-residential $251
    Multifamily residential real estate $1,109
    1-4 family residential loans $18,457
    Farmland loans $232
    Loans held in foreign offices $0
    Farm loans $195
    Commercial and industrial loans $4,885
    To non-U.S. addressees $0
    Loans to individuals $702
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $510
    Other loans to individuals $192
    All other loans & leases $92
    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 $14
    Non 1-4 family restructured loans & leases $14
    Total loans and leases (foreign) $0

    Catlin Bank had $37,230,000 of loans outstanding in 2021. $31,801,000 of loans were in real estate loans. $4,705,000 of loans were in development loans. $1,109,000 of loans were in multifamily mortgage loans. $18,457,000 of loans were in 1-4 family mortgage loans. $195,000 of loans were in farm loans. $0 of loans were in credit card loans. $510,000 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 76 $7,298 $96,026
    Nonfarm, nonresidential loans - <$100k 43 $1,478 $34,372
    Nonfarm, nonresidential loans - $100-250k 24 $3,003 $125,125
    Nonfarm, nonresidential loans - $250k-1MM 9 $2,817 $313,000
    Commercial & Industrial, US addressed loans - <$1MM 126 $4,711 $37,389
    Commercial & Industrial, US addressed loans - <$100k 106 $2,359 $22,255
    Commercial & Industrial, US addressed loans - $100-250k 14 $945 $67,500
    Commercial & Industrial, US addressed loans - $250k-1MM 6 $1,407 $234,500
    Farmland loans - <$1MM 6 $232 $38,667
    Farmland loans - <$100k 6 $232 $38,667
    Agriculture operations loans - <$1MM 1 $195 $195,000
    Agriculture operations loans - $100-250k 1 $195 $195,000