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, Refi, and Cash Out Refi loans. Community Partners Savings Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Centralia, Peoria, St. Louis, Mount Vernon, and Effingham among others. We have data for 8 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

    232

    Origination Dollar Volume (All Markets)

    $17,240,000

    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) 106 $8,420,000 $79,434 $0 0.00%
    PEORIA, IL (FHA|USDA|VA) 52 $4,160,000 $80,000 $0 0.00%
    Outside of Metro Areas 61 $3,375,000 $55,328 $0 0.00%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 5 $495,000 $99,000 $0 0.00%
    Mount Vernon, IL (FHA|USDA|VA) 4 $390,000 $97,500 $0 0.00%
    Effingham, IL (FHA|USDA|VA) 2 $220,000 $110,000 $0 0.00%
    CARBONDALE-MARION, IL (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
    BLOOMINGTON, IL (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
    Community Partners Savings Bank's top markets include Centralia, Peoria, St. Louis, Mount Vernon, and Effingham among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 229 $17,035,000 $74,389 $0 0.00%
    USDA 3 $205,000 $68,333 $0 0.00%

    For 2019, Community Partners Savings Bank's most frequently originated type of loan was Conventional, with 229 originations. Their 2nd most popular type was USDA, with 3 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 103 $8,255,000 $80,146 $0 0.00%
    Refi 61 $4,415,000 $72,377 $0 0.00%
    Cash Out Refi 43 $3,545,000 $82,442 $0 0.00%
    Home Improvement 13 $475,000 $36,538 $0 0.00%
    Other 12 $550,000 $45,833 $0 0.00%

    For 2019, Community Partners Savings Bank's most frequently cited loan purpose was Home Purchase, with 103 originations. The 2nd most popular reason was Refi, with 61 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 232 $17,240,000 $74,310 $0 0.00%

    For 2019, Community Partners Savings Bank's most frequently cited loan duration was Other, with 232 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 173 $8,005,000 $46,272 $0 0.00%
    $100k-200k 51 $7,255,000 $142,255 $0 0.00%
    $200k-400k 8 $1,980,000 $247,500 $0 0.00%

    2019 saw Community Partners Savings Bank place emphasis on $100,000 or less loans with 173 originations, totaling $8,005,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 77 $4,055,000 $52,662 $0 0.00%
    $50k-75k 46 $3,670,000 $79,783 $0 0.00%
    $75k-100k 41 $3,195,000 $77,927 $0 0.00%
    $100k-150k 38 $3,540,000 $93,158 $0 0.00%
    $150k-250k 18 $1,900,000 $105,556 $0 0.00%
    $250k+ 3 $505,000 $168,333 $0 0.00%

    Community Partners Savings Bank lent most frequently to those with incomes in the $50k or less range, with 77 originations. The second most popular income band? $50k-75k, with 46 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 232 $17,240,000 $74,310 $0 0.00%

    Community Partners Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 232 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 218 $16,400,000 $75,229 $0 0.00%
    Not applicable 8 $340,000 $42,500 $0 0.00%
    Asian 3 $255,000 $85,000 $0 0.00%
    Vietnamese 1 $115,000 $115,000 $0 0.00%
    American Indian 1 $75,000 $75,000 $0 0.00%
    Black 1 $55,000 $55,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.00%

    Community Partners Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.05%

    Community Partners Savings Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 232 $17,240,000 $74,310

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $35,000 $35,000
    Single Family (1-4 Units):Manufactured 25 $1,655,000 $66,200
    Single Family (1-4 Units):Site-Built 206 $15,550,000 $75,485

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    COMMUNITY BANK SYSTEM, INC. Conventional home mortgage Closing on a mortgage 1 20.0%
    COMMUNITY BANK SYSTEM, INC. Conventional home mortgage Trouble during payment process 3 60.0%
    COMMUNITY BANK SYSTEM, INC. Home equity loan or line of credit (HELOC) Closing on a mortgage 1 20.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Community Partners Savings Bank 128 West Second Street Flora, IL 62839 Full Service B&M $22,010
    Community Partners Savings Bank 2121 Sheridan Road Pekin, IL 61554 Limited, Drive-thru $0
    Community Partners Savings Bank 301 W Main Street Salem, IL 62881 Full Service B&M $107,267
    Community Partners Savings Bank 310 West Main Street Salem, IL 62881 Limited, Drive-thru $0
    Community Partners Savings Bank 532 Court Street Pekin, IL 61554 Full Service B&M $40,792

    For 2019, Community Partners Savings Bank had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $9,397
    Net interest income $7,760
    Total noninterest income $1,049
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $397
    Trading account gains and fees $0
    Additional Noninterest Income $652
    Pre-tax net operating income $1,861
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,435
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,435
    Minority interest net income $0
    Net income $1,435
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,435

    Community Partners Savings Bank's gross interest income from loans was $9,397,000.
    Community Partners Savings Bank's net interest income from loans was $7,760,000.
    Community Partners Savings Bank's fee based income from loans was $397,000.
    Community Partners Savings Bank's net income from loans was $1,435,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,637
    Provision for credit losses $465
    Total noninterest expense $6,483
    Salaries and employee benefits $4,130
    Premises and equipment expense $732
    Additional noninterest expense $1,621
    Applicable income taxes $426
    Net charge-offs $446
    Cash dividends $0

    Community Partners Savings Bank's interest expense for loans was $1,637,000.
    Community Partners Savings Bank's payroll and benefits expense were $4,130,000.
    Community Partners Savings Bank's property, plant and equipment expenses $732,000.

    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 1.0%
    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 1.0%
    Credit card loans 0.0%
    Other individual loans 1.0%
    Auto loans 1.0%
    Other consumer loans 1.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $167,246
    Deposits held in domestic offices $167,246
    Deposits by Individuals, partnerships, and corporations $156,535
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $10,711
    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 $49,945
    Demand deposits $12,715
    Nontransaction accounts $117,301
    Money market deposit accounts (MMDAs) $15,029
    Other savings deposits (excluding MMDAs) $33,260
    Total time deposits $69,012
    Total time and savings deposits $154,531
    Noninterest-bearing deposits $12,715
    Interest-bearing deposits $154,531
    Retail deposits $159,960
    IRAs and Keogh plan accounts $12,003
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $202,070
    Cash & Balances due from depository institutions $23,015
    Interest-bearing balances $21,338
    Total securities $21,688
    Federal funds sold & reverse repurchase $0
    Net loans and leases $143,888
    Loan and leases loss allowance $896
    Trading account assets $0
    Bank premises and fixed assets $5,170
    Other real estate owned $253
    Goodwill and other intangibles $1,017
    All other assets $7,039

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $202,070
    Total Liabilities $178,032
    Total deposits $167,246
    Interest-bearing deposits $154,531
    Deposits held in domestic offices $167,246
    % insured (estimated) $93
    Federal funds purchased and repurchase agreements $6,196
    Trading liabilities $0
    Other borrowed funds $2,998
    Subordinated debt $0
    All other liabilities $1,592

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $143,888
    Loan and leases loss allowance $896
    Total loans and leases (domestic) $144,784
    All real estate loans $95,289
    Real estate loans in domestic offices $95,289
    Construction and development loans $1,320
    Residential 1-4 family construction $1,135
    Other construction, all land development and other land $185
    Loans secured by nonfarm nonresidential properties $24,775
    Nonfarm nonresidential secured by owner-occupied properties $7,061
    Commercial real estate & other non-farm, non-residential $17,714
    Multifamily residential real estate $205
    1-4 family residential loans $65,106
    Farmland loans $3,883
    Loans held in foreign offices $0
    Farm loans $1,585
    Commercial and industrial loans $9,077
    To non-U.S. addressees $0
    Loans to individuals $38,013
    Credit card loans $0
    Related Plans $33
    Consumer Auto Loans $33,734
    Other loans to individuals $4,246
    All other loans & leases $820
    Loans to foreign governments and official institutions $0
    Other loans $0
    Loans to depository institutions and acceptances of other banks $308
    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 $143,888,000 of loans outstanding in 2019. $95,289,000 of loans were in real estate loans. $1,320,000 of loans were in development loans. $205,000 of loans were in multifamily mortgage loans. $65,106,000 of loans were in 1-4 family mortgage loans. $1,585,000 of loans were in farm loans. $0 of loans were in credit card loans. $33,734,000 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 270 $22,250 $82,407
    Nonfarm, nonresidential loans - <$100k 198 $7,218 $36,455
    Nonfarm, nonresidential loans - $100-250k 52 $6,953 $133,712
    Nonfarm, nonresidential loans - $250k-1MM 20 $8,079 $403,950
    Commercial & Industrial, US addressed loans - <$1MM 93 $6,051 $65,065
    Commercial & Industrial, US addressed loans - <$100k 77 $1,660 $21,558
    Commercial & Industrial, US addressed loans - $100-250k 8 $1,254 $156,750
    Commercial & Industrial, US addressed loans - $250k-1MM 8 $3,137 $392,125
    Farmland loans - <$1MM 27 $2,575 $95,370
    Farmland loans - <$100k 19 $815 $42,895
    Farmland loans - $100-250k 3 $360 $120,000
    Farmland loans - $250k-1MM 5 $1,400 $280,000
    Agriculture operations loans - <$1MM 10 $1,082 $108,200
    Agriculture operations loans - <$100k 6 $164 $27,333
    Agriculture operations loans - $100-250k 1 $100 $100,000
    Agriculture operations loans - $250k-1MM 3 $818 $272,667