Quad City Bank And Trust Company Mortgage Rates, Fees & Info

Bettendorf, IA

LEI: 549300DWS85AHLUZHB50

Tax ID: 42-1410409

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Mortgage Data

Bank Data

Review & Overview

Quad City Bank And Trust Company is a smaller bank specializing in Home Purchase and Refi loans. Quad City Bank And Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Davenport, North Port, Milwaukee, Denver, and St. Louis among others. We have data for 19 markets. (Some data included below & more in-depth data is available with an active subscription.)

Quad City Bank And Trust Company 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.

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Originations

131

Origination Dollar Volume (All Markets)

$38,125,000

Employee count

212

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
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 104 $20,010,000 $192,404 $0 0.00%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 3 $4,575,000 $1,525,000 $0 0.00%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $2,365,000 $2,365,000 $0 0.00%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 4 $2,060,000 $515,000 $0 0.00%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $1,965,000 $1,965,000 $0 0.00%
RALEIGH-CARY, NC (FHA|USDA|VA) 2 $1,200,000 $600,000 $0 0.00%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 2 $1,200,000 $600,000 $0 0.00%
Breckenridge, CO (FHA|USDA|VA) 2 $950,000 $475,000 $0 0.00%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $645,000 $645,000 $0 0.00%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $485,000 $485,000 $0 0.00%
Outside of Metro Areas 2 $390,000 $195,000 $0 0.00%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $385,000 $385,000 $0 0.00%
KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $385,000 $385,000 $0 0.00%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $375,000 $375,000 $0 0.00%
FAYETTEVILLE, NC (FHA|USDA|VA) 1 $365,000 $365,000 $0 0.00%
FORT COLLINS, CO (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
Bozeman, MT (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
Clinton, IA (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
Quad City Bank And Trust Company's top markets include Davenport, North Port, Milwaukee, Denver, and St. Louis among others.

Their top states include:
  • Iowa (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 131 $38,125,000 $291,031 $0 0.00%

    For 2019, Quad City Bank And Trust Company's most frequently originated type of loan was Conventional, with 131 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 77 $17,585,000 $228,377 $0 0.00%
    Refi 46 $19,970,000 $434,130 $0 0.00%
    Other 5 $305,000 $61,000 $0 0.00%
    Home Improvement 3 $265,000 $88,333 $0 0.00%

    For 2019, Quad City Bank And Trust Company's most frequently cited loan purpose was Home Purchase, with 77 originations. The 2nd most popular reason was Refi, with 46 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 131 $38,125,000 $291,031 $0 0.00%

    For 2019, Quad City Bank And Trust Company's most frequently cited loan duration was Other, with 131 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 44 $2,850,000 $64,773 $0 0.00%
    $100k-200k 32 $4,310,000 $134,688 $0 0.00%
    $200k-400k 26 $7,890,000 $303,462 $0 0.00%
    $400k-600k 13 $6,395,000 $491,923 $0 0.00%
    $600k-1MM 12 $8,180,000 $681,667 $0 0.00%
    $1MM+ 4 $8,500,000 $2,125,000 $0 0.00%

    2019 saw Quad City Bank And Trust Company place emphasis on $100,000 or less loans with 44 originations, totaling $2,850,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 40 $3,480,000 $87,000 $0 0.00%
    $250k+ 27 $17,945,000 $664,630 $0 0.00%
    $150k-250k 20 $7,120,000 $356,000 $0 0.00%
    $50k-75k 10 $1,290,000 $129,000 $0 0.00%
    $100k-150k 9 $2,755,000 $306,111 $0 0.00%
    $75k-100k 4 $500,000 $125,000 $0 0.00%

    Quad City Bank And Trust Company lent most frequently to those with incomes in the $50k or less range, with 40 originations. The second most popular income band? $250k+, with 27 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 131 $38,125,000 $291,031 $0 0.00%

    Quad City Bank And Trust Company lent most frequently to those with DTI ratios of Exempt%, with 131 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 96 $27,200,000 $283,333 $0 0.00%
    Not provided 9 $5,295,000 $588,333 $0 0.00%
    Not applicable 18 $4,830,000 $268,333 $0 0.00%
    Black 4 $410,000 $102,500 $0 0.00%
    Asian 4 $390,000 $97,500 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.32%

    Quad City Bank And Trust Company 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
    84.73%

    Quad City Bank And Trust Company has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 131 $38,125,000 $291,031

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 7 $3,655,000 $522,143
    Single Family (1-4 Units):Site-Built 124 $34,470,000 $277,984

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Quad City Bank and Trust Company 1700 Division Davenport, IA 52804 Full Service B&M $8,788
    Quad City Bank and Trust Company 2118 Middle Road Bettendorf, IA 52722 Full Service B&M $467,242
    Quad City Bank and Trust Company 3551 7th Street Moline, IL 61265 Full Service B&M $180,240
    Quad City Bank and Trust Company 4500 Brady Street Davenport, IA 52806 Full Service B&M $648,219
    Quad City Bank and Trust Company 5405 Utica Ridge Road Davenport, IA 52806 Full Service B&M $129,979

    For 2019, Quad City Bank And Trust Company had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $69,739
    Net interest income $52,084
    Total noninterest income $15,592
    Gross Fiduciary activities income $6,090
    Service charges on deposit accounts $2,010
    Trading account gains and fees $3,873
    Additional Noninterest Income $3,619
    Pre-tax net operating income $26,609
    Securities gains (or losses, -) $17
    Income before extraordinary items $21,607
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $21,607
    Minority interest net income $0
    Net income $21,607
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $21,593

    Quad City Bank And Trust Company's gross interest income from loans was $69,739,000.
    Quad City Bank And Trust Company's net interest income from loans was $52,084,000.
    Quad City Bank And Trust Company's fee based income from loans was $2,010,000.
    Quad City Bank And Trust Company's net income from loans was $21,607,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $17,655
    Provision for credit losses $3,433
    Total noninterest expense $37,634
    Salaries and employee benefits $22,774
    Premises and equipment expense $3,809
    Additional noninterest expense $11,051
    Applicable income taxes $5,019
    Net charge-offs $3,195
    Cash dividends $0

    Quad City Bank And Trust Company's interest expense for loans was $17,655,000.
    Quad City Bank And Trust Company's payroll and benefits expense were $22,774,000.
    Quad City Bank And Trust Company's property, plant and equipment expenses $3,809,000.

    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 2.0%
    HELOC loans 0.0%
    All other family 2.0%
    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 $1,458,591
    Deposits held in domestic offices $1,458,591
    Deposits by Individuals, partnerships, and corporations $755,993
    Deposits by U.S. Government $6,750
    Deposits by States and political subdivisions in the U.S. $189,734
    Deposits by Commercial banks and other depository institutions in U.S. $506,114
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $401,428
    Demand deposits $225,879
    Nontransaction accounts $1,057,163
    Money market deposit accounts (MMDAs) $517,298
    Other savings deposits (excluding MMDAs) $441,076
    Total time deposits $98,789
    Total time and savings deposits $1,232,712
    Noninterest-bearing deposits $358,412
    Interest-bearing deposits $1,100,179
    Retail deposits $1,417,736
    IRAs and Keogh plan accounts $6,498
    Brokered deposits $100
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,701,973
    Cash & Balances due from depository institutions $73,452
    Interest-bearing balances $41,737
    Total securities $221,972
    Federal funds sold & reverse repurchase $11,625
    Net loans and leases $1,315,949
    Loan and leases loss allowance $13,718
    Trading account assets $4,461
    Bank premises and fixed assets $9,174
    Other real estate owned $3,432
    Goodwill and other intangibles $3,223
    All other assets $58,685

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,701,973
    Total Liabilities $1,528,524
    Total deposits $1,458,591
    Interest-bearing deposits $1,100,179
    Deposits held in domestic offices $1,458,591
    % insured (estimated) $50
    Federal funds purchased and repurchase agreements $11,990
    Trading liabilities $4,461
    Other borrowed funds $20,000
    Subordinated debt $0
    All other liabilities $33,482

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,315,949
    Loan and leases loss allowance $13,718
    Total loans and leases (domestic) $1,329,667
    All real estate loans $604,571
    Real estate loans in domestic offices $604,571
    Construction and development loans $109,106
    Residential 1-4 family construction $6,342
    Other construction, all land development and other land $102,764
    Loans secured by nonfarm nonresidential properties $298,703
    Nonfarm nonresidential secured by owner-occupied properties $129,233
    Commercial real estate & other non-farm, non-residential $169,470
    Multifamily residential real estate $29,690
    1-4 family residential loans $162,513
    Farmland loans $4,559
    Loans held in foreign offices $0
    Farm loans $430
    Commercial and industrial loans $401,854
    To non-U.S. addressees $0
    Loans to individuals $12,622
    Credit card loans $0
    Related Plans $6,196
    Consumer Auto Loans $331
    Other loans to individuals $6,095
    All other loans & leases $310,190
    Loans to foreign governments and official institutions $0
    Other loans $148,191
    Loans to depository institutions and acceptances of other banks $461
    Loans not secured by real estate $2,094
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $249
    Non 1-4 family restructured loans & leases $249
    Total loans and leases (foreign) $0

    Quad City Bank and Trust Company had $1,315,949,000 of loans outstanding in 2019. $604,571,000 of loans were in real estate loans. $109,106,000 of loans were in development loans. $29,690,000 of loans were in multifamily mortgage loans. $162,513,000 of loans were in 1-4 family mortgage loans. $430,000 of loans were in farm loans. $0 of loans were in credit card loans. $331,000 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 213 $62,199 $292,014
    Nonfarm, nonresidential loans - <$100k 34 $1,522 $44,765
    Nonfarm, nonresidential loans - $100-250k 63 $7,913 $125,603
    Nonfarm, nonresidential loans - $250k-1MM 116 $52,764 $454,862
    Commercial & Industrial, US addressed loans - <$1MM 2,574 $171,271 $66,539
    Commercial & Industrial, US addressed loans - <$100k 1,904 $62,654 $32,907
    Commercial & Industrial, US addressed loans - $100-250k 483 $51,591 $106,814
    Commercial & Industrial, US addressed loans - $250k-1MM 187 $57,026 $304,952
    Farmland loans - <$1MM 11 $2,057 $187,000
    Farmland loans - $100-250k 7 $841 $120,143
    Farmland loans - $250k-1MM 4 $1,216 $304,000