Mchenry Savings Bank Mortgage Rates, Fees & Info

McHenry, IL

LEI: 549300BST16INX89WU46

Tax ID: 36-2315815

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Mortgage Data

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

    Mchenry Savings Bank is a smaller bank specializing in various types of mortgages.



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    Originations

    0

    Origination Dollar Volume (All Markets)

    $0

    Employee count

    52

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    MCCUE MORTGAGE COMPANY, THE Conventional home mortgage Closing on a mortgage 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Mchenry Savings Bank 10520 North Main Street Richmond, IL 60071 Full Service B&M $28,080
    Mchenry Savings Bank 353 Bank Drive Mchenry, IL 60050 Full Service B&M $179,906
    Mchenry Savings Bank 4000-M N. Wilmot Road Mchenry, IL 60051 Full Service B&M $18,233

    For 2021, Mchenry Savings Bank had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $10,144
    Net interest income $8,763
    Total noninterest income $1,331
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $109
    Trading account gains and fees $0
    Additional Noninterest Income $1,222
    Pre-tax net operating income $2,409
    Securities gains (or losses, -) $45
    Income before extraordinary items $2,990
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,990
    Minority interest net income $0
    Net income $2,990
    Sale, conversion, retirement of capital stock, net $113
    Net operating income $2,945

    Mchenry Savings Bank's gross interest income from loans was $10,144,000.
    Mchenry Savings Bank's net interest income from loans was $8,763,000.
    Mchenry Savings Bank's fee based income from loans was $109,000.
    Mchenry Savings Bank's net income from loans was $2,990,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,381
    Provision for credit losses $105
    Total noninterest expense $7,580
    Salaries and employee benefits $4,106
    Premises and equipment expense $796
    Additional noninterest expense $2,678
    Applicable income taxes $-536
    Net charge-offs $6
    Cash dividends $0

    Mchenry Savings Bank's interest expense for loans was $1,381,000.
    Mchenry Savings Bank's payroll and benefits expense were $4,106,000.
    Mchenry Savings Bank's property, plant and equipment expenses $796,000.

    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 1.0%
    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 $237,705
    Deposits held in domestic offices $237,705
    Deposits by Individuals, partnerships, and corporations $188,968
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $12,927
    Deposits by Commercial banks and other depository institutions in U.S. $35,810
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $102,980
    Demand deposits $36,113
    Nontransaction accounts $134,725
    Money market deposit accounts (MMDAs) $48,354
    Other savings deposits (excluding MMDAs) $1,749
    Total time deposits $84,622
    Total time and savings deposits $201,592
    Noninterest-bearing deposits $36,114
    Interest-bearing deposits $201,592
    Retail deposits $211,340
    IRAs and Keogh plan accounts $8,021
    Brokered deposits $24,686
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $279,826
    Cash & Balances due from depository institutions $5,740
    Interest-bearing balances $4,037
    Total securities $77,818
    Federal funds sold & reverse repurchase $0
    Net loans and leases $183,710
    Loan and leases loss allowance $1,626
    Trading account assets $0
    Bank premises and fixed assets $7,718
    Other real estate owned $1,062
    Goodwill and other intangibles $382
    All other assets $3,396

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $279,826
    Total Liabilities $254,444
    Total deposits $237,705
    Interest-bearing deposits $201,592
    Deposits held in domestic offices $237,705
    % insured (estimated) $87
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $15,500
    Subordinated debt $0
    All other liabilities $1,239

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $183,710
    Loan and leases loss allowance $1,626
    Total loans and leases (domestic) $185,336
    All real estate loans $80,608
    Real estate loans in domestic offices $80,608
    Construction and development loans $885
    Residential 1-4 family construction $0
    Other construction, all land development and other land $885
    Loans secured by nonfarm nonresidential properties $28,652
    Nonfarm nonresidential secured by owner-occupied properties $15,154
    Commercial real estate & other non-farm, non-residential $13,498
    Multifamily residential real estate $10,938
    1-4 family residential loans $39,210
    Farmland loans $923
    Loans held in foreign offices $0
    Farm loans $3,810
    Commercial and industrial loans $3,962
    To non-U.S. addressees $0
    Loans to individuals $75,190
    Credit card loans $0
    Related Plans $321
    Consumer Auto Loans $433
    Other loans to individuals $74,436
    All other loans & leases $21,766
    Loans to foreign governments and official institutions $0
    Other loans $16,414
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $998
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $6
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    McHenry Savings Bank had $183,710,000 of loans outstanding in 2021. $80,608,000 of loans were in real estate loans. $885,000 of loans were in development loans. $10,938,000 of loans were in multifamily mortgage loans. $39,210,000 of loans were in 1-4 family mortgage loans. $3,810,000 of loans were in farm loans. $0 of loans were in credit card loans. $433,000 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 70 $14,673 $209,614
    Nonfarm, nonresidential loans - <$100k 15 $549 $36,600
    Nonfarm, nonresidential loans - $100-250k 22 $2,527 $114,864
    Nonfarm, nonresidential loans - $250k-1MM 33 $11,597 $351,424
    Commercial & Industrial, US addressed loans - <$1MM 89 $3,962 $44,517
    Commercial & Industrial, US addressed loans - <$100k 62 $1,360 $21,935
    Commercial & Industrial, US addressed loans - $100-250k 23 $1,392 $60,522
    Commercial & Industrial, US addressed loans - $250k-1MM 4 $1,210 $302,500
    Farmland loans - <$1MM 1 $175 $175,000
    Farmland loans - $100-250k 1 $175 $175,000
    Agriculture operations loans - <$1MM 7 $284 $40,571
    Agriculture operations loans - <$100k 6 $114 $19,000
    Agriculture operations loans - $100-250k 1 $170 $170,000