Community Partners Savings Bank Mortgage Rates, Fees & Info

Salem, IL

LEI: 549300HXQLIV5UBQEF05

Tax ID: 37-0399845

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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, Mount Vernon, St. Louis, and Bloomington among others. We have data for 6 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)

    $31,265,000

    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) 192 $18,100,000 $94,271 $0 0.00%
    Outside of Metro Areas 78 $5,700,000 $73,077 $0 0.00%
    PEORIA, IL (FHA|USDA|VA) 59 $5,395,000 $91,441 $0 0.00%
    Mount Vernon, IL (FHA|USDA|VA) 11 $1,635,000 $148,636 $0 0.00%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 4 $320,000 $80,000 $0 0.00%
    BLOOMINGTON, IL (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
    Community Partners Savings Bank's top markets include Centralia, Peoria, Mount Vernon, St. Louis, and Bloomington among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 343 $31,085,000 $90,627 $0 0.00%
    USDA 2 $180,000 $90,000 $0 0.00%

    For 2021, Community Partners Savings Bank's most frequently originated type of loan was Conventional, with 343 originations. Their 2nd most popular type was USDA, with 2 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 114 $10,130,000 $88,860 $0 0.00%
    Refi 105 $10,025,000 $95,476 $0 0.00%
    Cash Out Refi 96 $9,800,000 $102,083 $0 0.00%
    Home Improvement 18 $780,000 $43,333 $0 0.00%
    Other 12 $530,000 $44,167 $0 0.00%

    For 2021, Community Partners Savings Bank's most frequently cited loan purpose was Home Purchase, with 114 originations. The 2nd most popular reason was Refi, with 105 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 345 $31,265,000 $90,623 $0 0.00%

    For 2021, 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 236 $12,540,000 $53,136 $0 0.00%
    $100k-200k 85 $11,595,000 $136,412 $0 0.00%
    $200k-400k 22 $6,000,000 $272,727 $0 0.00%
    $400k-600k 1 $525,000 $525,000 $0 0.00%
    $600k-1MM 1 $605,000 $605,000 $0 0.00%

    2021 saw Community Partners Savings Bank place emphasis on $100,000 or less loans with 236 originations, totaling $12,540,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 93 $4,965,000 $53,387 $0 0.00%
    $50k-75k 76 $5,990,000 $78,816 $0 0.00%
    $100k-150k 68 $7,690,000 $113,088 $0 0.00%
    $75k-100k 65 $5,785,000 $89,000 $0 0.00%
    $150k-250k 27 $5,135,000 $190,185 $0 0.00%
    $250k+ 4 $980,000 $245,000 $0 0.00%

    Community Partners Savings Bank lent most frequently to those with incomes in the $50k or less range, with 93 originations. The second most popular income band? $50k-75k, with 76 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 345 $31,265,000 $90,623 $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 330 $29,580,000 $89,636 $0 0.00%
    Other Asian 1 $525,000 $525,000 $0 0.00%
    Not applicable 7 $415,000 $59,286 $0 0.00%
    Asian 3 $375,000 $125,000 $0 0.00%
    Not provided 2 $280,000 $140,000 $0 0.00%
    Black 2 $90,000 $45,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.14%

    Community Partners Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.80%

    Community Partners Savings Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 345 $31,265,000 $90,623

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    345 $31,265,000 $90,623

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    COMMUNITY BANK SYSTEM, INC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
    COMMUNITY BANK SYSTEM, INC. Home equity loan or line of credit (HELOC) Closing on a mortgage 1 50.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Community Partners Savings Bank 2121 Sheridan Road Pekin, IL 61554 Limited, Drive-thru $0
    Community Partners Savings Bank 128 West Second Street Flora, IL 62839 Full Service B&M $25,096
    Community Partners Savings Bank 301 W Main Street Salem, IL 62881 Full Service B&M $120,905
    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 $45,364

    For 2021, Community Partners Savings Bank had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $8,344
    Net interest income $7,462
    Total noninterest income $1,124
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $323
    Trading account gains and fees $0
    Additional Noninterest Income $801
    Pre-tax net operating income $1,907
    Securities gains (or losses, -) $62
    Income before extraordinary items $1,529
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,529
    Minority interest net income $0
    Net income $1,529
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,480

    Community Partners Savings Bank's gross interest income from loans was $8,344,000.
    Community Partners Savings Bank's net interest income from loans was $7,462,000.
    Community Partners Savings Bank's fee based income from loans was $323,000.
    Community Partners Savings Bank's net income from loans was $1,529,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $882
    Provision for credit losses $75
    Total noninterest expense $6,604
    Salaries and employee benefits $4,200
    Premises and equipment expense $694
    Additional noninterest expense $1,710
    Applicable income taxes $440
    Net charge-offs $85
    Cash dividends $0

    Community Partners Savings Bank's interest expense for loans was $882,000.
    Community Partners Savings Bank's payroll and benefits expense were $4,200,000.
    Community Partners Savings Bank's property, plant and equipment expenses $694,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    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 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    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 2.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $198,521
    Deposits held in domestic offices $198,521
    Deposits by Individuals, partnerships, and corporations $178,617
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $19,904
    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 $77,389
    Demand deposits $22,953
    Nontransaction accounts $121,132
    Money market deposit accounts (MMDAs) $20,237
    Other savings deposits (excluding MMDAs) $43,917
    Total time deposits $56,978
    Total time and savings deposits $175,568
    Noninterest-bearing deposits $22,953
    Interest-bearing deposits $175,568
    Retail deposits $193,294
    IRAs and Keogh plan accounts $10,593
    Brokered deposits $743
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $240,750
    Cash & Balances due from depository institutions $18,685
    Interest-bearing balances $16,684
    Total securities $85,994
    Federal funds sold & reverse repurchase $0
    Net loans and leases $122,134
    Loan and leases loss allowance $1,253
    Trading account assets $0
    Bank premises and fixed assets $4,945
    Other real estate owned $224
    Goodwill and other intangibles $944
    All other assets $7,824

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $240,750
    Total Liabilities $214,512
    Total deposits $198,521
    Interest-bearing deposits $175,568
    Deposits held in domestic offices $198,521
    % insured (estimated) $86
    Federal funds purchased and repurchase agreements $7,725
    Trading liabilities $0
    Other borrowed funds $6,906
    Subordinated debt $0
    All other liabilities $1,360

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $122,134
    Loan and leases loss allowance $1,253
    Total loans and leases (domestic) $123,387
    All real estate loans $91,185
    Real estate loans in domestic offices $91,185
    Construction and development loans $2,336
    Residential 1-4 family construction $1,850
    Other construction, all land development and other land $486
    Loans secured by nonfarm nonresidential properties $24,160
    Nonfarm nonresidential secured by owner-occupied properties $5,595
    Commercial real estate & other non-farm, non-residential $18,565
    Multifamily residential real estate $177
    1-4 family residential loans $61,341
    Farmland loans $3,171
    Loans held in foreign offices $0
    Farm loans $1,321
    Commercial and industrial loans $7,845
    To non-U.S. addressees $0
    Loans to individuals $19,298
    Credit card loans $0
    Related Plans $21
    Consumer Auto Loans $16,555
    Other loans to individuals $2,722
    All other loans & leases $3,738
    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 $122,134,000 of loans outstanding in 2021. $91,185,000 of loans were in real estate loans. $2,336,000 of loans were in development loans. $177,000 of loans were in multifamily mortgage loans. $61,341,000 of loans were in 1-4 family mortgage loans. $1,321,000 of loans were in farm loans. $0 of loans were in credit card loans. $16,555,000 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 289 $22,308 $77,190
    Nonfarm, nonresidential loans - <$100k 218 $7,397 $33,931
    Nonfarm, nonresidential loans - $100-250k 49 $6,417 $130,959
    Nonfarm, nonresidential loans - $250k-1MM 22 $8,494 $386,091
    Commercial & Industrial, US addressed loans - <$1MM 125 $6,093 $48,744
    Commercial & Industrial, US addressed loans - <$100k 102 $1,875 $18,382
    Commercial & Industrial, US addressed loans - $100-250k 16 $2,161 $135,063
    Commercial & Industrial, US addressed loans - $250k-1MM 7 $2,057 $293,857
    Farmland loans - <$1MM 19 $3,171 $166,895
    Farmland loans - <$100k 9 $422 $46,889
    Farmland loans - $100-250k 3 $315 $105,000
    Farmland loans - $250k-1MM 7 $2,434 $347,714
    Agriculture operations loans - <$1MM 10 $887 $88,700
    Agriculture operations loans - <$100k 6 $176 $29,333
    Agriculture operations loans - $100-250k 2 $210 $105,000
    Agriculture operations loans - $250k-1MM 2 $501 $250,500