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 Refi, Home Purchase, 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 Quincy 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

    345

    Origination Dollar Volume (All Markets)

    $32,765,000

    Employee count

    52

    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) 196 $18,480,000 $94,286 $0 0.00%
    Outside of Metro Areas 84 $7,220,000 $85,952 $0 0.00%
    PEORIA, IL (FHA|USDA|VA) 48 $5,030,000 $104,792 $0 0.00%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 4 $990,000 $247,500 $0 0.00%
    Mount Vernon, IL (FHA|USDA|VA) 9 $775,000 $86,111 $0 0.00%
    Quincy, IL-MO (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
    BLOOMINGTON, IL (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
    Effingham, IL (FHA|USDA|VA) 2 $30,000 $15,000 $0 0.00%
    Community Partners Savings Bank's top markets include Centralia, Peoria, St. Louis, Mount Vernon, and Quincy among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 340 $32,320,000 $95,059 $0 0.00%
    USDA 5 $445,000 $89,000 $0 0.00%

    For 2020, Community Partners Savings Bank's most frequently originated type of loan was Conventional, with 340 originations. Their 2nd most popular type was USDA, with 5 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 107 $11,235,000 $105,000 $0 0.00%
    Home Purchase 105 $9,375,000 $89,286 $0 0.00%
    Cash Out Refi 100 $10,400,000 $104,000 $0 0.00%
    Other 19 $1,025,000 $53,947 $0 0.00%
    Home Improvement 14 $730,000 $52,143 $0 0.00%

    For 2020, Community Partners Savings Bank's most frequently cited loan purpose was Refi, with 107 originations. The 2nd most popular reason was Home Purchase, with 105 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 345 $32,765,000 $94,971 $0 0.00%

    For 2020, Community Partners Savings Bank's most frequently cited loan duration was Other, with 345 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 217 $10,985,000 $50,622 $0 0.00%
    $100k-200k 98 $13,440,000 $137,143 $0 0.00%
    $200k-400k 26 $6,110,000 $235,000 $0 0.00%
    $400k-600k 2 $920,000 $460,000 $0 0.00%
    $600k-1MM 2 $1,310,000 $655,000 $0 0.00%

    2020 saw Community Partners Savings Bank place emphasis on $100,000 or less loans with 217 originations, totaling $10,985,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 97 $5,045,000 $52,010 $0 0.00%
    $100k-150k 79 $9,585,000 $121,329 $0 0.00%
    $75k-100k 70 $6,660,000 $95,143 $0 0.00%
    $50k-75k 67 $5,715,000 $85,299 $0 0.00%
    $150k-250k 17 $3,465,000 $203,824 $0 0.00%
    $250k+ 8 $1,770,000 $221,250 $0 0.00%

    Community Partners Savings Bank lent most frequently to those with incomes in the $50k or less range, with 97 originations. The second most popular income band? $100k-150k, with 79 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 345 $32,765,000 $94,971 $0 0.00%

    Community Partners Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 345 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 334 $31,810,000 $95,240 $0 0.00%
    Not applicable 7 $525,000 $75,000 $0 0.00%
    American Indian 2 $250,000 $125,000 $0 0.00%
    Asian Indian 1 $125,000 $125,000 $0 0.00%
    Asian 1 $55,000 $55,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.56%

    Community Partners Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.90%

    Community Partners Savings Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 345 $32,765,000 $94,971

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 5 $1,595,000 $319,000
    Single Family (1-4 Units):Manufactured 30 $1,700,000 $56,667
    Single Family (1-4 Units):Site-Built 310 $29,470,000 $95,065

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    COMMUNITY BANK SYSTEM, INC. Conventional home mortgage Struggling to pay mortgage 1 33.3%
    COMMUNITY BANK SYSTEM, INC. Conventional home mortgage Trouble during payment process 1 33.3%
    COMMUNITY BANK SYSTEM, INC. Other type of mortgage Closing on a mortgage 1 33.3%

    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 $24,889
    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 $112,039
    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 $41,904

    For 2020, Community Partners Savings Bank had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $8,963
    Net interest income $7,480
    Total noninterest income $1,354
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $296
    Trading account gains and fees $0
    Additional Noninterest Income $1,058
    Pre-tax net operating income $1,649
    Securities gains (or losses, -) $116
    Income before extraordinary items $1,398
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,398
    Minority interest net income $0
    Net income $1,398
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,306

    Community Partners Savings Bank's gross interest income from loans was $8,963,000.
    Community Partners Savings Bank's net interest income from loans was $7,480,000.
    Community Partners Savings Bank's fee based income from loans was $296,000.
    Community Partners Savings Bank's net income from loans was $1,398,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,483
    Provision for credit losses $755
    Total noninterest expense $6,430
    Salaries and employee benefits $4,023
    Premises and equipment expense $672
    Additional noninterest expense $1,735
    Applicable income taxes $367
    Net charge-offs $388
    Cash dividends $0

    Community Partners Savings Bank's interest expense for loans was $1,483,000.
    Community Partners Savings Bank's payroll and benefits expense were $4,023,000.
    Community Partners Savings Bank's property, plant and equipment expenses $672,000.

    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 1.0%
    All other family 1.0%
    Commercial & industrial loans 0.0%
    Personal loans 2.0%
    Credit card loans 0.0%
    Other individual loans 2.0%
    Auto loans 1.0%
    Other consumer loans 3.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $185,750
    Deposits held in domestic offices $185,750
    Deposits by Individuals, partnerships, and corporations $174,300
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $11,450
    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 $64,269
    Demand deposits $20,999
    Nontransaction accounts $121,481
    Money market deposit accounts (MMDAs) $17,214
    Other savings deposits (excluding MMDAs) $38,409
    Total time deposits $65,859
    Total time and savings deposits $164,751
    Noninterest-bearing deposits $20,999
    Interest-bearing deposits $164,751
    Retail deposits $180,113
    IRAs and Keogh plan accounts $11,862
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $227,169
    Cash & Balances due from depository institutions $25,358
    Interest-bearing balances $23,112
    Total securities $57,250
    Federal funds sold & reverse repurchase $0
    Net loans and leases $130,696
    Loan and leases loss allowance $1,263
    Trading account assets $0
    Bank premises and fixed assets $5,105
    Other real estate owned $785
    Goodwill and other intangibles $1,003
    All other assets $6,972

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $227,168
    Total Liabilities $201,196
    Total deposits $185,750
    Interest-bearing deposits $164,751
    Deposits held in domestic offices $185,750
    % insured (estimated) $91
    Federal funds purchased and repurchase agreements $6,745
    Trading liabilities $0
    Other borrowed funds $6,953
    Subordinated debt $0
    All other liabilities $1,748

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $130,696
    Loan and leases loss allowance $1,263
    Total loans and leases (domestic) $131,959
    All real estate loans $92,149
    Real estate loans in domestic offices $92,149
    Construction and development loans $1,873
    Residential 1-4 family construction $1,496
    Other construction, all land development and other land $377
    Loans secured by nonfarm nonresidential properties $25,800
    Nonfarm nonresidential secured by owner-occupied properties $6,101
    Commercial real estate & other non-farm, non-residential $19,699
    Multifamily residential real estate $191
    1-4 family residential loans $60,692
    Farmland loans $3,593
    Loans held in foreign offices $0
    Farm loans $1,311
    Commercial and industrial loans $9,455
    To non-U.S. addressees $0
    Loans to individuals $27,691
    Credit card loans $0
    Related Plans $19
    Consumer Auto Loans $24,362
    Other loans to individuals $3,310
    All other loans & leases $1,354
    Loans to foreign governments and official institutions $0
    Other loans $0
    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

    Community Partners Savings Bank had $130,696,000 of loans outstanding in 2020. $92,149,000 of loans were in real estate loans. $1,873,000 of loans were in development loans. $191,000 of loans were in multifamily mortgage loans. $60,692,000 of loans were in 1-4 family mortgage loans. $1,311,000 of loans were in farm loans. $0 of loans were in credit card loans. $24,362,000 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 279 $23,873 $85,566
    Nonfarm, nonresidential loans - <$100k 204 $7,256 $35,569
    Nonfarm, nonresidential loans - $100-250k 53 $7,145 $134,811
    Nonfarm, nonresidential loans - $250k-1MM 22 $9,472 $430,545
    Commercial & Industrial, US addressed loans - <$1MM 186 $7,351 $39,522
    Commercial & Industrial, US addressed loans - <$100k 164 $3,459 $21,091
    Commercial & Industrial, US addressed loans - $100-250k 16 $2,255 $140,938
    Commercial & Industrial, US addressed loans - $250k-1MM 6 $1,637 $272,833
    Farmland loans - <$1MM 25 $3,592 $143,680
    Farmland loans - <$100k 15 $671 $44,733
    Farmland loans - $100-250k 3 $343 $114,333
    Farmland loans - $250k-1MM 7 $2,578 $368,286
    Agriculture operations loans - <$1MM 12 $865 $72,083
    Agriculture operations loans - <$100k 8 $221 $27,625
    Agriculture operations loans - $100-250k 2 $244 $122,000
    Agriculture operations loans - $250k-1MM 2 $400 $200,000