Inb Mortgage Rates, Fees & Info

Springfield, IL

LEI: 549300HGDJQ37M5BE268

Tax ID: 37-0274319

5 stars - out of 5 stars, based on 43 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Inb is a smaller mortgage company specializing in Home Purchase and Refi loans. Inb has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets include Springfield, Peoria, St. Louis, Champaign, and Davenport among others. Inb has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Inb is typically a low fee lendor.


Originations

1,813

Origination Dollar Volume (All Markets)

$399,445,000

Employee count

268 Show all (17) awards

Relative Rate

Inb's average 30 year fixed rate mortgage of loans were 3.02%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.13%.

Relative Fees

Inb's average total fees for a 30 year fixed rate mortgage are $2,277.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
SPRINGFIELD, IL (FHA|USDA|VA) 774 $131,330,000 $169,677 $2,003 3.11%
PEORIA, IL (FHA|USDA|VA) 364 $57,580,000 $158,187 $1,889 3.01%
ST. LOUIS, MO-IL (FHA|USDA|VA) 36 $49,460,000 $1,373,889 $2,112 3.08%
CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 257 $48,925,000 $190,370 $2,105 3.09%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 4 $20,870,000 $5,217,500 $2,116 2.94%
BLOOMINGTON, IL (FHA|USDA|VA) 100 $20,290,000 $202,900 $1,485 2.89%
OWENSBORO, KY (FHA|USDA|VA) 1 $18,605,000 $18,605,000 $0 3.50%
Lincoln, IL (FHA|USDA|VA) 67 $8,005,000 $119,478 $2,097 2.90%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 21 $5,455,000 $259,762 $2,702 2.77%
Outside of Metro Areas 38 $5,170,000 $136,053 $1,911 2.85%
DECATUR, IL (FHA|USDA|VA) 20 $3,430,000 $171,500 $2,470 2.81%
Jacksonville, IL (FHA|USDA|VA) 12 $2,180,000 $181,667 $2,147 2.68%
Pontiac, IL (FHA|USDA|VA) 2 $2,160,000 $1,080,000 $1,623 3.00%
DANVILLE, IL (FHA|USDA|VA) 21 $2,085,000 $99,286 $1,789 2.64%
Taylorville, IL (FHA|USDA|VA) 14 $1,600,000 $114,286 $1,714 3.02%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 4 $1,530,000 $382,500 $2,609 3.59%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 4 $1,390,000 $347,500 $2,783 3.31%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 4 $1,330,000 $332,500 $3,811 3.34%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 3 $1,205,000 $401,667 $3,253 3.21%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 3 $935,000 $311,667 $2,539 2.88%
OKLAHOMA CITY, OK (FHA|USDA|VA) 2 $760,000 $380,000 $5,110 3.25%
Charleston-Mattoon, IL (FHA|USDA|VA) 5 $675,000 $135,000 $1,974 3.05%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $640,000 $320,000 $3,378 3.00%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 2 $640,000 $320,000 $1,716 2.69%
Galesburg, IL (FHA|USDA|VA) 4 $630,000 $157,500 $1,849 2.88%
COLUMBIA, MO (FHA|USDA|VA) 2 $620,000 $310,000 $1,464 3.25%
TULSA, OK (FHA|USDA|VA) 2 $580,000 $290,000 $5,817 2.56%
Effingham, IL (FHA|USDA|VA) 1 $545,000 $545,000 $3,487 2.88%
Torrington, CT (FHA|USDA|VA) 1 $535,000 $535,000 $4,181 3.13%
CARBONDALE-MARION, IL (FHA|USDA|VA) 3 $515,000 $171,667 $1,403 3.83%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 1 $515,000 $515,000 $3,034 4.25%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 2 $460,000 $230,000 $2,434 2.19%
Key West, FL (FHA|USDA|VA) 1 $455,000 $455,000 $3,747 2.63%
Dixon, IL (FHA|USDA|VA) 1 $435,000 $435,000 $2,563 3.25%
KANSAS CITY, MO-KS (FHA|USDA|VA) 2 $420,000 $210,000 $2,443 3.50%
BOISE CITY, ID (FHA|USDA|VA) 1 $415,000 $415,000 $2,801 2.75%
KNOXVILLE, TN (FHA|USDA|VA) 2 $410,000 $205,000 $2,387 3.06%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $405,000 $405,000 $9,776 2.25%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $395,000 $395,000 $2,558 2.75%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $375,000 $375,000 $3,090 3.13%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1 $375,000 $375,000 $3,487 3.25%
Marquette, MI (FHA|USDA|VA) 1 $345,000 $345,000 $2,541 3.00%
Ottawa, IL (FHA|USDA|VA) 3 $335,000 $111,667 $2,035 2.46%
Hannibal, MO (FHA|USDA|VA) 1 $325,000 $325,000 $1,160 2.25%
LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 1 $315,000 $315,000 $1,766 2.13%
SPARTANBURG, SC (FHA|USDA|VA) 1 $305,000 $305,000 $2,296 3.00%
VALLEJO, CA (FHA|USDA|VA) 1 $305,000 $305,000 $3,783 3.88%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $305,000 $305,000 $2,018 2.88%
ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 1 $275,000 $275,000 $2,629 2.50%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $265,000 $265,000 $3,340 2.75%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $245,000 $245,000 $3,381 3.13%
SAVANNAH, GA (FHA|USDA|VA) 1 $235,000 $235,000 $3,350 2.88%
LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 1 $225,000 $225,000 $1,922 2.88%
FAYETTEVILLE, NC (FHA|USDA|VA) 1 $215,000 $215,000 $0 2.25%
TOLEDO, OH (FHA|USDA|VA) 1 $205,000 $205,000 $2,384 2.75%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $185,000 $185,000 $1,915 2.50%
SPRINGFIELD, MO (FHA|USDA|VA) 1 $185,000 $185,000 $2,861 2.88%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $185,000 $185,000 $3,300 2.88%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 2 $180,000 $90,000 $0 3.75%
Nogales, AZ (FHA|USDA|VA) 1 $165,000 $165,000 $2,088 2.63%
Quincy, IL-MO (FHA|USDA|VA) 1 $105,000 $105,000 $1,726 2.50%
EVANSVILLE, IN-KY (FHA|USDA|VA) 1 $85,000 $85,000 $1,710 3.00%
Freeport, IL (FHA|USDA|VA) 1 $75,000 $75,000 $1,610 3.25%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $45,000 $45,000 $0 3.63%

Inb's top markets include Springfield, Peoria, St. Louis, Champaign, and Davenport among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 1,652 $371,220,000 $224,709 $1,728 3.09%
VA 66 $14,480,000 $219,394 $4,558 2.42%
FHA 59 $9,395,000 $159,237 $4,927 2.60%
USDA 36 $4,350,000 $120,833 $3,093 2.78%

For the 2021 period, Inb's most frequently originated loan type of loans were Conventional, with 1,652 originations. Their 2nd most popular type is VA, with 66 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 1,048 $261,690,000 $249,704 $2,358 3.11%
Refi 546 $95,990,000 $175,806 $1,507 2.93%
Cash Out Refi 167 $29,165,000 $174,641 $1,661 2.83%
Home Improvement 37 $9,895,000 $267,432 $568 3.89%
Other 15 $2,705,000 $180,333 $1,278 3.16%

For the 2021, Inb's most frequently cited loan purpose of loans were Home Purchase, with 1,048 originations. The 2nd most popular reason of loans were Refi, with 546 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 1,032 $189,860,000 $183,973 $2,277 3.02%
15 Year 301 $47,385,000 $157,425 $1,577 2.36%
5 Year 187 $46,885,000 $250,722 $0 4.00%
20 Year 100 $17,860,000 $178,600 $1,584 2.74%
Other 93 $82,595,000 $888,118 $1,163 3.84%
1 Year 50 $6,810,000 $136,200 $188 4.11%
10 Year 49 $7,695,000 $157,041 $1,504 2.20%
3 Year 1 $355,000 $355,000 $0 4.00%

For the 2021, Inb's most frequently cited loan length of loans were 30 Year, with 1,032 originations. The 2nd most popular length of loans were 15 Year, with 301 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 1,412 $248,450,000 $175,956
$1k-2k 48 $13,360,000 $278,333
$2k-3k 2 $340,000 $170,000
$3k-4k 2 $630,000 $315,000

$2,277 of loans were Inb's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 1,412 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 663 $203,105,000 $306,342
2.5-3% 571 $102,075,000 $178,765
<2.5% 459 $78,885,000 $171,863
4-5% 119 $15,365,000 $129,118
5-6% 1 $15,000 $15,000

During 2021, Inb's average interest rate of loans were 3.02%, while their most frequently originated rate bucket of loans were 3-4%, with 663 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 715 $102,395,000 $143,210 $1,954 2.96%
$100,000 or less 553 $36,485,000 $65,976 $1,624 3.26%
$200k-400k 441 $117,345,000 $266,088 $2,245 2.89%
$400k-600k 83 $39,465,000 $475,482 $3,035 2.99%
$1MM+ 12 $97,000,000 $8,083,333 $0 3.61%
$600k-1MM 9 $6,755,000 $750,556 $3,398 3.86%

2021 saw Inb place emphasis on $100k-200k loans with 715 originations, totaling $102,395,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 353 $47,415,000 $134,320 $2,162 2.95%
$100k-150k 346 $68,800,000 $198,844 $2,087 2.93%
$50k or less 306 $29,660,000 $96,928 $1,864 2.94%
$75k-100k 284 $46,090,000 $162,289 $1,970 2.93%
$150k-250k 210 $49,840,000 $237,333 $1,969 3.04%
$250k+ 127 $34,475,000 $271,457 $2,217 3.23%

Inb lent most frequently to those with incomes in the $50k-75k range, with 353 originations. The second most popular income band? $100k-150k, with 346 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 420 $68,470,000 $163,024 $1,825 2.83%
30-36% 336 $59,220,000 $176,250 $2,147 2.95%
<20% 172 $29,230,000 $169,942 $1,737 2.73%
37% 58 $9,790,000 $168,793 $2,173 2.88%
44% 57 $9,845,000 $172,719 $1,735 3.02%
38% 56 $10,290,000 $183,750 $2,243 2.96%
42% 49 $9,505,000 $193,980 $2,141 2.95%
39% 49 $9,305,000 $189,898 $2,097 2.97%
43% 48 $7,330,000 $152,708 $1,940 2.92%
40% 47 $8,525,000 $181,383 $2,005 2.91%
36% 47 $8,935,000 $190,106 $2,044 2.99%
41% 45 $6,695,000 $148,778 $2,008 2.98%
45% 34 $6,760,000 $198,824 $2,055 2.77%
49% 29 $5,445,000 $187,759 $2,021 2.97%
47% 28 $5,610,000 $200,357 $3,320 2.83%
46% 26 $6,360,000 $244,615 $2,184 3.01%
48% 23 $4,175,000 $181,522 $2,657 3.05%
>60% 5 $1,115,000 $223,000 $1,583 4.08%
50-60% 4 $1,340,000 $335,000 $8,804 2.81%

Inb lent most frequently to those with DTI ratios of 20-30%, with 420 originations. The next most common DTI ratio? 30-36%, with 336 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 1,359 $228,225,000 $167,936 $2,023 2.96%
Not applicable 140 $115,160,000 $822,571 $0 3.94%
Not provided 163 $30,965,000 $189,969 $1,935 3.02%
Black 68 $9,240,000 $135,882 $2,416 3.29%
Asian 44 $8,620,000 $195,909 $1,999 2.77%
Asian Indian 28 $5,650,000 $201,786 $1,583 2.57%
American Indian 7 $725,000 $103,571 $1,496 3.09%
Other Asian 1 $305,000 $305,000 $1,645 2.25%
Filipino 1 $285,000 $285,000 $1,720 2.25%
Japanese 1 $175,000 $175,000 $1,838 2.88%
Korean 1 $95,000 $95,000 $1,270 2.75%

Approval Rates

Total approvals of all applications
94.23%

Inb has an average approval rate.

Pick Rate

Approvals leading to origination
88.72%

Inb has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 1,813 $399,445,000 $220,323

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
1,813 $399,445,000 $220,323

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 70 $6,000,000 $85,714 $1,299 3.25%
40-60% 173 $22,035,000 $127,370 $1,551 2.93%
60-80% 623 $196,255,000 $315,016 $1,692 3.07%
80-100% 896 $169,110,000 $188,739 $2,245 2.98%
Over 100% 10 $2,780,000 $278,000 $10,275 2.38%
Under 20% 40 $3,210,000 $80,250 $55 4.20%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Inb, National Association 100 East Plummer Chatham, IL 62629 Full Service B&M $47,242
Inb, National Association 409 North Seventh Street Riverton, IL 62561 Full Service B&M $38,936
Inb, National Association 7535 North Knoxville Avenue Peoria, IL 61614 Full Service B&M $110,730
Inb, National Association 106 West Main Street Pleasant Plains, IL 62677 Full Service B&M $63,241
Inb, National Association 109 Main Street Fairmount, IL 61841 Full Service B&M $17,007
Inb, National Association 205 East Jefferson Street Mount Pulaski, IL 62548 Full Service B&M $29,599
Inb, National Association 217 South Neil Street, Suite C Champaign, IL 61820 Full Service B&M $11,395
Inb, National Association 2402 East Washington Street Bloomington, IL 61704 Full Service B&M $10,129
Inb, National Association 2450 North Dirksen Parkway Springfield, IL 62702 Full Service B&M $48,356
Inb, National Association 2601 Chatham Road Springfield, IL 62704 Full Service B&M $178,947
Inb, National Association 2849 South Sixth Street Springfield, IL 62703 Full Service B&M $50,777
Inb, National Association 3150 West Wabash Avenue Springfield, IL 62704 Full Service B&M $101,082
Inb, National Association 322 East Capitol Street Springfield, IL 62701 Full Service B&M $688,855

For 2021, Inb had 13 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $42,723
Net interest income $37,654
Total noninterest income $18,640
Gross Fiduciary activities income $945
Service charges on deposit accounts $2,097
Trading account gains and fees $0
Additional Noninterest Income $15,598
Pre-tax net operating income $15,456
Securities gains (or losses, -) $110
Income before extraordinary items $14,841
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $14,841
Minority interest net income $0
Net income $14,841
Sale, conversion, retirement of capital stock, net $0
Net operating income $14,736

Inb's gross interest income from loans was $42,723,000.
Inb's net interest income from loans was $37,654,000.
Inb's fee based income from loans was $2,097,000.
Inb's net income from loans was $14,841,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $5,069
Provision for credit losses $856
Total noninterest expense $39,982
Salaries and employee benefits $23,905
Premises and equipment expense $4,077
Additional noninterest expense $12,000
Applicable income taxes $725
Net charge-offs $956
Cash dividends $0

Inb's interest expense for loans was $5,069,000.
Inb's payroll and benefits expense were $23,905,000.
Inb's property, plant and equipment expenses $4,077,000.

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 $1,527,229
Deposits held in domestic offices $1,527,229
Deposits by Individuals, partnerships, and corporations $1,300,903
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $219,561
Deposits by Commercial banks and other depository institutions in U.S. $6,766
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $781,621
Demand deposits $767,390
Nontransaction accounts $745,609
Money market deposit accounts (MMDAs) $140,551
Other savings deposits (excluding MMDAs) $529,113
Total time deposits $75,947
Total time and savings deposits $759,840
Noninterest-bearing deposits $337,966
Interest-bearing deposits $1,189,263
Retail deposits $1,316,672
IRAs and Keogh plan accounts $9,151
Brokered deposits $204,352
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $1,664,906
Cash & Balances due from depository institutions $426,651
Interest-bearing balances $405,713
Total securities $216,762
Federal funds sold & reverse repurchase $0
Net loans and leases $972,641
Loan and leases loss allowance $9,938
Trading account assets $0
Bank premises and fixed assets $21,845
Other real estate owned $1,585
Goodwill and other intangibles $5,812
All other assets $19,610

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $1,664,906
Total Liabilities $1,534,102
Total deposits $1,527,229
Interest-bearing deposits $1,189,263
Deposits held in domestic offices $1,527,229
% insured (estimated) $72
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $1,721
Subordinated debt $0
All other liabilities $5,152

Issued Loan Types

Type Value (in 000's)
Net loans and leases $972,641
Loan and leases loss allowance $9,938
Total loans and leases (domestic) $982,579
All real estate loans $821,519
Real estate loans in domestic offices $821,519
Construction and development loans $101,348
Residential 1-4 family construction $10,502
Other construction, all land development and other land $90,846
Loans secured by nonfarm nonresidential properties $419,559
Nonfarm nonresidential secured by owner-occupied properties $103,976
Commercial real estate & other non-farm, non-residential $315,583
Multifamily residential real estate $161,563
1-4 family residential loans $115,416
Farmland loans $23,633
Loans held in foreign offices $0
Farm loans $9,427
Commercial and industrial loans $136,693
To non-U.S. addressees $0
Loans to individuals $1,072
Credit card loans $0
Related Plans $83
Consumer Auto Loans $793
Other loans to individuals $196
All other loans & leases $13,869
Loans to foreign governments and official institutions $0
Other loans $63
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 $0
Non 1-4 family restructured loans & leases $0
Total loans and leases (foreign) $0

INB had $972,641,000 of loans outstanding in 2021. $821,519,000 of loans were in real estate loans. $101,348,000 of loans were in development loans. $161,563,000 of loans were in multifamily mortgage loans. $115,416,000 of loans were in 1-4 family mortgage loans. $9,427,000 of loans were in farm loans. $0 of loans were in credit card loans. $793,000 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 220 $52,929 $240,586
Nonfarm, nonresidential loans - <$100k 49 $2,104 $42,939
Nonfarm, nonresidential loans - $100-250k 75 $9,647 $128,627
Nonfarm, nonresidential loans - $250k-1MM 96 $41,178 $428,938
Commercial & Industrial, US addressed loans - <$1MM 399 $38,452 $96,371
Commercial & Industrial, US addressed loans - <$100k 232 $5,637 $24,297
Commercial & Industrial, US addressed loans - $100-250k 81 $7,533 $93,000
Commercial & Industrial, US addressed loans - $250k-1MM 86 $25,282 $293,977
Farmland loans - <$1MM 51 $6,170 $120,980
Farmland loans - <$100k 16 $635 $39,688
Farmland loans - $100-250k 24 $3,108 $129,500
Farmland loans - $250k-1MM 11 $2,427 $220,636
Agriculture operations loans - <$1MM 56 $4,566 $81,536
Agriculture operations loans - <$100k 31 $868 $28,000
Agriculture operations loans - $100-250k 16 $1,424 $89,000
Agriculture operations loans - $250k-1MM 9 $2,274 $252,667