Buena Vista National Bank Mortgage Rates, Fees & Info

Chester, IL

LEI: 549300CSKW4TNZHEOO36

Tax ID: 37-0601973

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Mortgage Data

Bank Data

Review & Overview

Buena Vista National Bank is a smaller bank specializing in Home Purchase and Refi loans. Buena Vista National Bank has a high proportion of conventional loans. Their top markets by origination volume include: St. Louis, Decatur, Seattle, Carbondale, and Taylorville among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)

Buena Vista National Bank 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

327

Origination Dollar Volume (All Markets)

$43,175,000

Employee count

56

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
Outside of Metro Areas 204 $21,480,000 $105,294 $0 0.00%
ST. LOUIS, MO-IL (FHA|USDA|VA) 58 $13,820,000 $238,276 $0 0.00%
DECATUR, IL (FHA|USDA|VA) 49 $5,065,000 $103,367 $0 0.00%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $1,045,000 $1,045,000 $0 0.00%
CARBONDALE-MARION, IL (FHA|USDA|VA) 9 $995,000 $110,556 $0 0.00%
Taylorville, IL (FHA|USDA|VA) 2 $210,000 $105,000 $0 0.00%
THE VILLAGES, FL (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
Charleston-Mattoon, IL (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
Buena Vista National Bank's top markets include St. Louis, Decatur, Seattle, Carbondale, and Taylorville among others.

Their top states include:
  • Illinois (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 327 $43,175,000 $132,034 $0 0.00%

    For 2021, Buena Vista National Bank's most frequently originated type of loan was Conventional, with 327 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 132 $16,280,000 $123,333 $0 0.00%
    Refi 123 $16,755,000 $136,220 $0 0.00%
    Cash Out Refi 50 $8,240,000 $164,800 $0 0.00%
    Other 13 $1,215,000 $93,462 $0 0.00%
    Home Improvement 9 $685,000 $76,111 $0 0.00%

    For 2021, Buena Vista National Bank's most frequently cited loan purpose was Home Purchase, with 132 originations. The 2nd most popular reason was Refi, with 123 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 327 $43,175,000 $132,034 $0 0.00%

    For 2021, Buena Vista National Bank's most frequently cited loan duration was Other, with 327 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 163 $8,545,000 $52,423 $0 0.00%
    $100k-200k 106 $15,270,000 $144,057 $0 0.00%
    $200k-400k 44 $11,750,000 $267,045 $0 0.00%
    $400k-600k 12 $5,610,000 $467,500 $0 0.00%
    $1MM+ 1 $1,045,000 $1,045,000 $0 0.00%
    $600k-1MM 1 $955,000 $955,000 $0 0.00%

    2021 saw Buena Vista National Bank place emphasis on $100,000 or less loans with 163 originations, totaling $8,545,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 73 $9,715,000 $133,082 $0 0.00%
    $50k-75k 69 $5,735,000 $83,116 $0 0.00%
    $150k-250k 57 $10,355,000 $181,667 $0 0.00%
    $75k-100k 54 $6,530,000 $120,926 $0 0.00%
    $50k or less 47 $2,825,000 $60,106 $0 0.00%
    $250k+ 14 $4,900,000 $350,000 $0 0.00%

    Buena Vista National Bank lent most frequently to those with incomes in the $100k-150k range, with 73 originations. The second most popular income band? $50k-75k, with 69 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 327 $43,175,000 $132,034 $0 0.00%

    Buena Vista National Bank lent most frequently to those with DTI ratios of Exempt%, with 327 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 309 $39,685,000 $128,430 $0 0.00%
    Not applicable 6 $2,230,000 $371,667 $0 0.00%
    Black 5 $695,000 $139,000 $0 0.00%
    Asian 6 $510,000 $85,000 $0 0.00%
    Native Hawaiian or Islander 1 $55,000 $55,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.02%

    Buena Vista National Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    96.64%

    Buena Vista National Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 327 $43,175,000 $132,034

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    327 $43,175,000 $132,034

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Buena Vista National Bank 1309 Swanwick Street Chester, IL 62233 Full Service B&M $114,873
    Buena Vista National Bank 1320 West Market Red Bud, IL 62278 Full Service B&M $40,948
    Buena Vista National Bank 1414 South Main Street Red Bud, IL 62278 Full Service B&M $1,591
    Buena Vista National Bank 219 Market St Prairie Du Rocher, IL 62277 Full Service B&M $25,703
    Buena Vista National Bank 3795 North Woodford Street Decatur, IL 62526 Full Service B&M $11,300
    Buena Vista National Bank 800 Chester Center Chester, IL 62233 Full Service B&M $5,948
    Buena Vista National Bank Market And Spring Streets Evansville, IL 62242 Full Service B&M $6,520
    Buena Vista National Bank State Route 121 And East Main Street Warrensburg, IL 62573 Full Service B&M $9,121

    For 2021, Buena Vista National Bank had 8 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $7,612
    Net interest income $7,149
    Total noninterest income $2,841
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $563
    Trading account gains and fees $0
    Additional Noninterest Income $2,278
    Pre-tax net operating income $3,248
    Securities gains (or losses, -) $23
    Income before extraordinary items $2,460
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,460
    Minority interest net income $0
    Net income $2,460
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,441

    Buena Vista National Bank's gross interest income from loans was $7,612,000.
    Buena Vista National Bank's net interest income from loans was $7,149,000.
    Buena Vista National Bank's fee based income from loans was $563,000.
    Buena Vista National Bank's net income from loans was $2,460,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $463
    Provision for credit losses $120
    Total noninterest expense $6,622
    Salaries and employee benefits $3,738
    Premises and equipment expense $822
    Additional noninterest expense $2,062
    Applicable income taxes $811
    Net charge-offs $3
    Cash dividends $1,200

    Buena Vista National Bank's interest expense for loans was $463,000.
    Buena Vista National Bank's payroll and benefits expense were $3,738,000.
    Buena Vista National Bank's property, plant and equipment expenses $822,000.

    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 1.0%
    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 $223,746
    Deposits held in domestic offices $223,746
    Deposits by Individuals, partnerships, and corporations $194,640
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $29,106
    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 $116,620
    Demand deposits $49,578
    Nontransaction accounts $107,126
    Money market deposit accounts (MMDAs) $24,851
    Other savings deposits (excluding MMDAs) $52,500
    Total time deposits $29,775
    Total time and savings deposits $174,168
    Noninterest-bearing deposits $52,009
    Interest-bearing deposits $171,737
    Retail deposits $217,939
    IRAs and Keogh plan accounts $6,467
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $259,436
    Cash & Balances due from depository institutions $33,022
    Interest-bearing balances $25,755
    Total securities $94,719
    Federal funds sold & reverse repurchase $890
    Net loans and leases $115,611
    Loan and leases loss allowance $1,357
    Trading account assets $0
    Bank premises and fixed assets $3,942
    Other real estate owned $0
    Goodwill and other intangibles $2,703
    All other assets $8,549

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $259,436
    Total Liabilities $228,484
    Total deposits $223,746
    Interest-bearing deposits $171,737
    Deposits held in domestic offices $223,746
    % insured (estimated) $82
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $1,397
    Subordinated debt $0
    All other liabilities $3,341

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $115,611
    Loan and leases loss allowance $1,357
    Total loans and leases (domestic) $116,968
    All real estate loans $92,846
    Real estate loans in domestic offices $92,846
    Construction and development loans $12,944
    Residential 1-4 family construction $4,955
    Other construction, all land development and other land $7,989
    Loans secured by nonfarm nonresidential properties $25,214
    Nonfarm nonresidential secured by owner-occupied properties $14,843
    Commercial real estate & other non-farm, non-residential $10,371
    Multifamily residential real estate $3,565
    1-4 family residential loans $42,693
    Farmland loans $8,430
    Loans held in foreign offices $0
    Farm loans $3,413
    Commercial and industrial loans $6,830
    To non-U.S. addressees $0
    Loans to individuals $13,340
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $11,356
    Other loans to individuals $1,984
    All other loans & leases $539
    Loans to foreign governments and official institutions $0
    Other loans $84
    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 $469
    Non 1-4 family restructured loans & leases $391
    Total loans and leases (foreign) $0

    Buena Vista National Bank had $115,611,000 of loans outstanding in 2021. $92,846,000 of loans were in real estate loans. $12,944,000 of loans were in development loans. $3,565,000 of loans were in multifamily mortgage loans. $42,693,000 of loans were in 1-4 family mortgage loans. $3,413,000 of loans were in farm loans. $0 of loans were in credit card loans. $11,356,000 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 91 $13,749 $151,088
    Nonfarm, nonresidential loans - <$100k 37 $1,351 $36,514
    Nonfarm, nonresidential loans - $100-250k 30 $3,813 $127,100
    Nonfarm, nonresidential loans - $250k-1MM 24 $8,585 $357,708
    Commercial & Industrial, US addressed loans - <$1MM 124 $5,618 $45,306
    Commercial & Industrial, US addressed loans - <$100k 104 $2,265 $21,779
    Commercial & Industrial, US addressed loans - $100-250k 12 $1,058 $88,167
    Commercial & Industrial, US addressed loans - $250k-1MM 8 $2,295 $286,875
    Farmland loans - <$1MM 54 $6,496 $120,296
    Farmland loans - <$100k 22 $921 $41,864
    Farmland loans - $100-250k 19 $2,396 $126,105
    Farmland loans - $250k-1MM 13 $3,179 $244,538
    Agriculture operations loans - <$1MM 61 $2,445 $40,082
    Agriculture operations loans - <$100k 52 $963 $18,519
    Agriculture operations loans - $100-250k 7 $782 $111,714
    Agriculture operations loans - $250k-1MM 2 $700 $350,000