Trustbank Mortgage Rates, Fees & Info

Olney, IL

LEI: 549300JMCI45DZ4YNK98

Tax ID: 37-1127534

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Mortgage Data

Review & Overview

Trustbank is a smaller bank specializing in Home Purchase loans. Trustbank has a high proportion of conventional loans. Their top markets by origination volume include: Phoenix, Prescott Valley, Flagstaff, Chicago, and St. Louis among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)

Trustbank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

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Originations

101

Origination Dollar Volume (All Markets)

$46,285,000

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
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 16 $33,390,000 $2,086,875 $0 0.00%
Outside of Metro Areas 74 $8,230,000 $111,216 $0 0.00%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $1,345,000 $1,345,000 $0 0.00%
FLAGSTAFF, AZ (FHA|USDA|VA) 1 $1,205,000 $1,205,000 $0 0.00%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $535,000 $535,000 $0 0.00%
ST. LOUIS, MO-IL (FHA|USDA|VA) 2 $400,000 $200,000 $0 0.00%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $385,000 $385,000 $0 0.00%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $365,000 $365,000 $0 0.00%
TERRE HAUTE, IN (FHA|USDA|VA) 2 $210,000 $105,000 $0 0.00%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
Trustbank's top markets include Phoenix, Prescott Valley, Flagstaff, Chicago, and St. Louis among others.

Their top states include:
  • Arizona (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Wyoming (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 101 $46,285,000 $458,267 $0 0.00%

    For 2023, Trustbank's most frequently originated type of loan was Conventional, with 101 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 61 $36,355,000 $595,984 $0 0.00%
    Other 16 $5,720,000 $357,500 $0 0.00%
    Refi 14 $3,590,000 $256,429 $0 0.00%
    Home Improvement 10 $620,000 $62,000 $0 0.00%

    For 2023, Trustbank's most frequently cited loan purpose was Home Purchase, with 61 originations. The 2nd most popular reason was Other, with 16 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 101 $46,285,000 $458,267 $0 0.00%

    For 2023, Trustbank's most frequently cited loan duration was Other, with 101 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 51 $2,525,000 $49,510 $0 0.00%
    $100k-200k 20 $2,840,000 $142,000 $0 0.00%
    $200k-400k 14 $3,890,000 $277,857 $0 0.00%
    $1MM+ 13 $35,685,000 $2,745,000 $0 0.00%
    $400k-600k 3 $1,345,000 $448,333 $0 0.00%

    2023 saw Trustbank place emphasis on $100,000 or less loans with 51 originations, totaling $2,525,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 20 $2,210,000 $110,500 $0 0.00%
    $50k-75k 19 $1,355,000 $71,316 $0 0.00%
    $150k-250k 16 $2,010,000 $125,625 $0 0.00%
    $75k-100k 12 $1,770,000 $147,500 $0 0.00%
    $250k+ 8 $5,870,000 $733,750 $0 0.00%
    $50k or less 5 $175,000 $35,000 $0 0.00%

    Trustbank lent most frequently to those with incomes in the $100k-150k range, with 20 originations. The second most popular income band? $50k-75k, with 19 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 101 $46,285,000 $458,267 $0 0.00%

    Trustbank lent most frequently to those with DTI ratios of Exempt%, with 101 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 18 $28,650,000 $1,591,667 $0 0.00%
    White 74 $10,260,000 $138,649 $0 0.00%
    Not provided 8 $7,320,000 $915,000 $0 0.00%
    Asian 1 $55,000 $55,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.54%

    Trustbank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.14%

    Trustbank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 101 $46,285,000 $458,267

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    101 $46,285,000 $458,267