Community Partners Savings Bank Mortgage Rates, Fees & Info

Salem, IL

LEI: 549300HXQLIV5UBQEF05

Tax ID: 37-0399845

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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

    Community Partners Savings Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Community Partners Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Centralia, Peoria, Mount Vernon, and St. Louis among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Community Partners Savings 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

    145

    Origination Dollar Volume (All Markets)

    $11,055,000

    Employee count

    51

    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
    Centralia, IL (FHA|USDA|VA) 87 $6,645,000 $76,379 $0 0.00%
    PEORIA, IL (FHA|USDA|VA) 38 $2,290,000 $60,263 $0 0.00%
    Outside of Metro Areas 15 $1,575,000 $105,000 $0 0.00%
    Mount Vernon, IL (FHA|USDA|VA) 4 $410,000 $102,500 $0 0.00%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
    Community Partners Savings Bank's top markets include Centralia, Peoria, Mount Vernon, and St. Louis among others.

    Their top states include:
  • Illinois (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 138 $10,450,000 $75,725 $0 0.00%
    USDA 7 $605,000 $86,429 $0 0.00%

    For 2018, Community Partners Savings Bank's most frequently originated type of loan was Conventional, with 138 originations. Their 2nd most popular type was USDA, with 7 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 88 $6,910,000 $78,523 $0 0.00%
    Cash Out Refi 38 $3,210,000 $84,474 $0 0.00%
    Other 8 $180,000 $22,500 $0 0.00%
    Refi 7 $575,000 $82,143 $0 0.00%
    Home Improvement 4 $180,000 $45,000 $0 0.00%

    For 2018, Community Partners Savings Bank's most frequently cited loan purpose was Home Purchase, with 88 originations. The 2nd most popular reason was Cash Out Refi, with 38 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 145 $11,055,000 $76,241 $0 0.00%

    For 2018, Community Partners Savings Bank's most frequently cited loan duration was Other, with 145 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 109 $5,585,000 $51,239 $0 0.00%
    $100k-200k 31 $4,295,000 $138,548 $0 0.00%
    $200k-400k 5 $1,175,000 $235,000 $0 0.00%

    2018 saw Community Partners Savings Bank place emphasis on $100,000 or less loans with 109 originations, totaling $5,585,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 41 $2,025,000 $49,390 $0 0.00%
    $50k-75k 32 $2,530,000 $79,063 $0 0.00%
    $75k-100k 30 $2,310,000 $77,000 $0 0.00%
    $100k-150k 29 $3,275,000 $112,931 $0 0.00%
    $150k-250k 6 $770,000 $128,333 $0 0.00%
    $250k+ 2 $60,000 $30,000 $0 0.00%

    Community Partners Savings Bank lent most frequently to those with incomes in the $50k or less range, with 41 originations. The second most popular income band? $50k-75k, with 32 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 145 $11,055,000 $76,241 $0 0.00%

    Community Partners Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 145 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 131 $10,325,000 $78,817 $0 0.00%
    Not provided 6 $420,000 $70,000 $0 0.00%
    Black 2 $120,000 $60,000 $0 0.00%
    American Indian 1 $105,000 $105,000 $0 0.00%
    Not applicable 5 $85,000 $17,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    87.50%

    Community Partners Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    80.00%

    Community Partners Savings Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 145 $11,055,000 $76,241

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $155,000 $155,000
    Single Family (1-4 Units):Manufactured 10 $610,000 $61,000
    Single Family (1-4 Units):Site-Built 134 $10,290,000 $76,791

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Community Lending of America, Inc. VA mortgage Closing on a mortgage 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Marion County Savings Bank 2121 Sheridan Road Pekin, IL 61554 Limited, Drive-thru $0
    Marion County Savings Bank 301 W Main Street Salem, IL 62881 Full Service B&M $106,764
    Marion County Savings Bank 310 West Main Street Salem, IL 62881 Limited, Drive-thru $0
    Marion County Savings Bank 532 Court Street Pekin, IL 61554 Full Service B&M $39,577

    For 2018, Community Partners Savings Bank had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $7,852
    Net interest income $6,660
    Total noninterest income $917
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $341
    Trading account gains and fees $0
    Additional Noninterest Income $576
    Pre-tax net operating income $1,092
    Securities gains (or losses, -) $0
    Income before extraordinary items $852
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $852
    Minority interest net income $0
    Net income $852
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $852

    Community Partners Savings Bank's gross interest income from loans was $7,852,000.
    Community Partners Savings Bank's net interest income from loans was $6,660,000.
    Community Partners Savings Bank's fee based income from loans was $341,000.
    Community Partners Savings Bank's net income from loans was $852,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,192
    Provision for credit losses $603
    Total noninterest expense $5,882
    Salaries and employee benefits $3,681
    Premises and equipment expense $642
    Additional noninterest expense $1,559
    Applicable income taxes $240
    Net charge-offs $519
    Cash dividends $0

    Community Partners Savings Bank's interest expense for loans was $1,192,000.
    Community Partners Savings Bank's payroll and benefits expense were $3,681,000.
    Community Partners Savings Bank's property, plant and equipment expenses $642,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 1.0%
    HELOC loans 0.0%
    All other family 2.0%
    Commercial & industrial loans 0.0%
    Personal loans 1.0%
    Credit card loans 0.0%
    Other individual loans 1.0%
    Auto loans 1.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $168,129
    Deposits held in domestic offices $168,129
    Deposits by Individuals, partnerships, and corporations $159,350
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $8,779
    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 $48,587
    Demand deposits $12,461
    Nontransaction accounts $119,542
    Money market deposit accounts (MMDAs) $17,649
    Other savings deposits (excluding MMDAs) $35,608
    Total time deposits $66,285
    Total time and savings deposits $155,668
    Noninterest-bearing deposits $12,461
    Interest-bearing deposits $155,668
    Retail deposits $163,104
    IRAs and Keogh plan accounts $11,967
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $201,054
    Cash & Balances due from depository institutions $12,686
    Interest-bearing balances $11,188
    Total securities $23,548
    Federal funds sold & reverse repurchase $0
    Net loans and leases $151,676
    Loan and leases loss allowance $876
    Trading account assets $0
    Bank premises and fixed assets $4,753
    Other real estate owned $280
    Goodwill and other intangibles $1,063
    All other assets $7,048

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $201,054
    Total Liabilities $178,618
    Total deposits $168,129
    Interest-bearing deposits $155,668
    Deposits held in domestic offices $168,129
    % insured (estimated) $93
    Federal funds purchased and repurchase agreements $5,475
    Trading liabilities $0
    Other borrowed funds $3,042
    Subordinated debt $0
    All other liabilities $1,972

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $151,676
    Loan and leases loss allowance $876
    Total loans and leases (domestic) $152,552
    All real estate loans $99,210
    Real estate loans in domestic offices $99,210
    Construction and development loans $1,814
    Residential 1-4 family construction $1,687
    Other construction, all land development and other land $127
    Loans secured by nonfarm nonresidential properties $24,823
    Nonfarm nonresidential secured by owner-occupied properties $7,504
    Commercial real estate & other non-farm, non-residential $17,319
    Multifamily residential real estate $211
    1-4 family residential loans $69,325
    Farmland loans $3,037
    Loans held in foreign offices $0
    Farm loans $2,246
    Commercial and industrial loans $7,189
    To non-U.S. addressees $0
    Loans to individuals $42,887
    Credit card loans $0
    Related Plans $5
    Consumer Auto Loans $37,848
    Other loans to individuals $5,034
    All other loans & leases $1,020
    Loans to foreign governments and official institutions $0
    Other loans $0
    Loans to depository institutions and acceptances of other banks $397
    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

    Community Partners Savings Bank had $151,676,000 of loans outstanding in 2018. $99,210,000 of loans were in real estate loans. $1,814,000 of loans were in development loans. $211,000 of loans were in multifamily mortgage loans. $69,325,000 of loans were in 1-4 family mortgage loans. $2,246,000 of loans were in farm loans. $0 of loans were in credit card loans. $37,848,000 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 243 $20,958 $86,247
    Nonfarm, nonresidential loans - <$100k 172 $6,210 $36,105
    Nonfarm, nonresidential loans - $100-250k 48 $6,496 $135,333
    Nonfarm, nonresidential loans - $250k-1MM 23 $8,252 $358,783
    Commercial & Industrial, US addressed loans - <$1MM 95 $5,647 $59,442
    Commercial & Industrial, US addressed loans - <$100k 79 $1,649 $20,873
    Commercial & Industrial, US addressed loans - $100-250k 5 $165 $33,000
    Commercial & Industrial, US addressed loans - $250k-1MM 11 $3,833 $348,455
    Farmland loans - <$1MM 27 $2,472 $91,556
    Farmland loans - <$100k 20 $922 $46,100
    Farmland loans - $100-250k 3 $374 $124,667
    Farmland loans - $250k-1MM 4 $1,176 $294,000
    Agriculture operations loans - <$1MM 11 $1,053 $95,727
    Agriculture operations loans - <$100k 6 $198 $33,000
    Agriculture operations loans - $100-250k 2 $150 $75,000
    Agriculture operations loans - $250k-1MM 3 $705 $235,000