Dieterich Bank Mortgage Rates, Fees & Info

Effingham, IL

LEI: 549300LTSES0DE01Z405

Tax ID: 37-0274310

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • 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

    Dieterich Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Dieterich Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Effingham, St. Louis, Charleston, Nashville, and Clarksville among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Dieterich Bank 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. Dieterich Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.35% 4/18/24
    30 Year Conventional Refi 6.29% 4/18/24
    30 Year Cash-out Refi 6.31% 4/18/24
    30 Year FHA Purchase 6.27% 4/18/24
    30 Year USDA Purchase 6.90% 4/18/24
    15 Year Conventional Purchase 6.43% 4/18/24
    15 Year Conventional Refi 6.27% 4/18/24
    15 Year Cash-out Refi 6.27% 4/18/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Dieterich Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Dieterich Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    433

    Origination Dollar Volume (All Markets)

    $62,065,000

    Employee count

    127 Show all (9) awards

    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
    Effingham, IL (FHA|USDA|VA) 218 $31,890,000 $146,284 $1,460 3.99%
    Outside of Metro Areas 119 $15,955,000 $134,076 $1,481 3.87%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 59 $9,035,000 $153,136 $1,516 4.16%
    Charleston-Mattoon, IL (FHA|USDA|VA) 24 $2,580,000 $107,500 $1,494 4.12%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $625,000 $625,000 $0 4.75%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 2 $470,000 $235,000 $0 4.18%
    Centralia, IL (FHA|USDA|VA) 2 $430,000 $215,000 $1,374 3.84%
    CARBONDALE-MARION, IL (FHA|USDA|VA) 3 $255,000 $85,000 $1,759 3.86%
    Paducah, KY-IL (FHA|USDA|VA) 1 $215,000 $215,000 $1,214 3.50%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $185,000 $185,000 $2,813 3.75%
    McMinnville, TN (FHA|USDA|VA) 1 $145,000 $145,000 $2,254 4.25%
    BLOOMINGTON, IL (FHA|USDA|VA) 1 $145,000 $145,000 $1,717 4.00%
    CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 1 $135,000 $135,000 $1,627 3.75%
    Dieterich Bank's top markets include Effingham, St. Louis, Charleston, Nashville, and Clarksville among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Dieterich Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    WEST COMMUNITY
    Similarity Rank: 190
    United Bank of Union
    Similarity Rank: 275
    D.W. BROWN MORTGAGE CORP.
    Similarity Rank: 302
    ELECTRO SAVINGS CREDIT UNION
    Similarity Rank: 396
    CapGrow Home Mortgage, LLC
    Similarity Rank: 450
    Dieterich Bank
    Similarity Rank: 468
    Ozarks Federal Savings and Loan Association
    Similarity Rank: 490
    ALLTRU Federal Credit Union
    Similarity Rank: 780
    JERSEY STATE BANK
    Similarity Rank: 792
    Third Federal Savings and Loan Association of Cleveland
    Similarity Rank: 1044

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 419 $60,795,000 $145,095 $1,435 3.97%
    USDA 14 $1,270,000 $90,714 $2,713 4.53%

    For 2019, Dieterich Bank's most frequently originated type of loan was Conventional, with 419 originations. Their 2nd most popular type was USDA, with 14 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 227 $31,535,000 $138,921 $1,626 4.10%
    Cash Out Refi 95 $15,325,000 $161,316 $1,466 3.83%
    Refi 66 $11,790,000 $178,636 $1,542 3.66%
    Other 39 $3,005,000 $77,051 $808 4.21%
    Home Improvement 6 $410,000 $68,333 $587 4.59%

    For 2019, Dieterich Bank's most frequently cited loan purpose was Home Purchase, with 227 originations. The 2nd most popular reason was Cash Out Refi, with 95 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 201 $33,435,000 $166,343 $1,751 3.87%
    15 Year 102 $10,500,000 $102,941 $1,208 3.95%
    5 Year 49 $6,585,000 $134,388 $521 4.78%
    20 Year 36 $6,260,000 $173,889 $1,499 3.61%
    Other 16 $1,820,000 $113,750 $939 4.10%
    1 Year 16 $2,620,000 $163,750 $745 3.96%
    10 Year 12 $730,000 $60,833 $1,064 4.03%
    3 Year 1 $115,000 $115,000 $0 4.73%

    For 2019, Dieterich Bank's most frequently cited loan duration was 30 Year, with 201 originations. The 2nd most popular length was 15 Year, with 102 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 382 $54,700,000 $143,194

    Dieterich Bank's average total fees were $1,751, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 382 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 217 $35,665,000 $164,355
    4-5% 153 $20,365,000 $133,105
    5-6% 32 $2,310,000 $72,188
    2.5-3% 29 $3,595,000 $123,966
    % 2 $130,000 $65,000

    During 2019, Dieterich Bank's average interest rate for loans was 3.87%, while their most frequently originated rate bucket for loans was 3-4%, with 217 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 172 $9,720,000 $56,512 $1,217 4.25%
    $100k-200k 165 $23,825,000 $144,394 $1,633 3.77%
    $200k-400k 84 $21,820,000 $259,762 $1,621 3.87%
    $400k-600k 7 $3,185,000 $455,000 $1,837 3.64%
    $600k-1MM 5 $3,515,000 $703,000 $2,315 4.68%

    2019 saw Dieterich Bank place emphasis on $100,000 or less loans with 172 originations, totaling $9,720,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 109 $12,315,000 $112,982 $1,480 3.92%
    $100k-150k 86 $14,280,000 $166,047 $1,345 4.13%
    $75k-100k 86 $11,850,000 $137,791 $1,413 3.87%
    $50k or less 69 $6,585,000 $95,435 $1,646 3.96%
    $150k-250k 35 $7,925,000 $226,429 $1,624 3.83%
    $250k+ 8 $2,580,000 $322,500 $1,751 4.35%

    Dieterich Bank lent most frequently to those with incomes in the $50k-75k range, with 109 originations. The second most popular income band? $100k-150k, with 86 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 136 $19,880,000 $146,176 $1,500 3.95%
    30-36% 79 $9,785,000 $123,861 $1,468 3.94%
    <20% 55 $7,485,000 $136,091 $1,402 3.64%
    40% 19 $3,325,000 $175,000 $1,584 3.78%
    41% 19 $2,685,000 $141,316 $1,313 3.97%
    42% 19 $3,045,000 $160,263 $1,571 3.98%
    39% 17 $3,355,000 $197,353 $1,655 3.73%
    37% 15 $2,465,000 $164,333 $1,709 3.81%
    36% 12 $1,580,000 $131,667 $1,257 4.13%
    38% 11 $1,195,000 $108,636 $1,372 4.03%
    50-60% 2 $140,000 $70,000 $1,639 3.66%
    43% 1 $65,000 $65,000 $692 4.96%
    44% 1 $125,000 $125,000 $1,859 3.75%
    49% 1 $75,000 $75,000 $1,592 4.18%

    Dieterich Bank lent most frequently to those with DTI ratios of 20-30%, with 136 originations. The next most common DTI ratio? 30-36%, with 79 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 406 $56,860,000 $140,049 $1,482 3.94%
    Not applicable 25 $4,915,000 $196,600 $0 4.74%
    Asian 1 $175,000 $175,000 $1,397 4.50%
    Not provided 1 $115,000 $115,000 $0 4.88%

    Approval Rates

    Total approvals of all applications
    94.00%

    Dieterich Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    87.76%

    Dieterich Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 433 $62,065,000 $143,337

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 5 $1,425,000 $285,000
    Single Family (1-4 Units):Manufactured 8 $480,000 $60,000
    Single Family (1-4 Units):Site-Built 420 $60,160,000 $143,238

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 35 $2,545,000 $72,714 $1,037 4.06%
    40-60% 53 $7,225,000 $136,321 $1,448 3.93%
    60-80% 162 $27,450,000 $169,444 $1,525 3.82%
    80-100% 144 $23,570,000 $163,681 $1,840 3.98%
    Over 100% 1 $125,000 $125,000 $3,257 4.13%
    Under 20% 38 $1,150,000 $30,263 $398 4.77%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Dieterich Bank 101 South Main Street Dieterich, IL 62424 Full Service B&M $110,414
    Dieterich Bank 10911 East State Hwy 33 Effingham, IL 62401 Full Service B&M $53,103
    Dieterich Bank 1108 South Van Buren Newton, IL 62448 Full Service Retail $55,837
    Dieterich Bank 115 West Market Street Red Bud, IL 62278 Full Service B&M $112,537
    Dieterich Bank 1510 E. Fayette Ave. Effingham, IL 62401 Full Service B&M $74,040
    Dieterich Bank 2100 South Illinois Street Belleville, IL 62220 Full Service B&M $33,931
    Dieterich Bank 423 Cumberland Road Saint Elmo, IL 62458 Full Service B&M $12,602
    Dieterich Bank 510 West Fayette Avenue Effingham, IL 62401 Full Service B&M $127,994

    For 2019, Dieterich Bank had 8 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $28,043
    Net interest income $21,056
    Total noninterest income $4,213
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,125
    Trading account gains and fees $0
    Additional Noninterest Income $3,088
    Pre-tax net operating income $8,178
    Securities gains (or losses, -) $26
    Income before extraordinary items $6,661
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $6,661
    Minority interest net income $0
    Net income $6,661
    Sale, conversion, retirement of capital stock, net $8,032
    Net operating income $6,639

    Dieterich Bank's gross interest income from loans was $28,043,000.
    Dieterich Bank's net interest income from loans was $21,056,000.
    Dieterich Bank's fee based income from loans was $1,125,000.
    Dieterich Bank's net income from loans was $6,661,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $6,987
    Provision for credit losses $1,350
    Total noninterest expense $15,741
    Salaries and employee benefits $8,990
    Premises and equipment expense $1,752
    Additional noninterest expense $4,999
    Applicable income taxes $1,543
    Net charge-offs $1,214
    Cash dividends $2,695

    Dieterich Bank's interest expense for loans was $6,987,000.
    Dieterich Bank's payroll and benefits expense were $8,990,000.
    Dieterich Bank's property, plant and equipment expenses $1,752,000.

    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 2.0%
    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 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $667,885
    Deposits held in domestic offices $667,885
    Deposits by Individuals, partnerships, and corporations $589,737
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $78,148
    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 $62,151
    Demand deposits $28,998
    Nontransaction accounts $605,734
    Money market deposit accounts (MMDAs) $80,175
    Other savings deposits (excluding MMDAs) $347,978
    Total time deposits $177,581
    Total time and savings deposits $638,887
    Noninterest-bearing deposits $111,325
    Interest-bearing deposits $556,560
    Retail deposits $642,543
    IRAs and Keogh plan accounts $13,739
    Brokered deposits $10
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $806,234
    Cash & Balances due from depository institutions $90,014
    Interest-bearing balances $79,345
    Total securities $180,071
    Federal funds sold & reverse repurchase $7,721
    Net loans and leases $499,020
    Loan and leases loss allowance $6,046
    Trading account assets $0
    Bank premises and fixed assets $9,966
    Other real estate owned $330
    Goodwill and other intangibles $1,137
    All other assets $17,975

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $806,234
    Total Liabilities $732,359
    Total deposits $667,885
    Interest-bearing deposits $556,560
    Deposits held in domestic offices $667,885
    % insured (estimated) $76
    Federal funds purchased and repurchase agreements $24,472
    Trading liabilities $0
    Other borrowed funds $34,600
    Subordinated debt $0
    All other liabilities $5,402

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $499,020
    Loan and leases loss allowance $6,046
    Total loans and leases (domestic) $505,066
    All real estate loans $416,623
    Real estate loans in domestic offices $416,623
    Construction and development loans $28,366
    Residential 1-4 family construction $9,997
    Other construction, all land development and other land $18,369
    Loans secured by nonfarm nonresidential properties $228,319
    Nonfarm nonresidential secured by owner-occupied properties $94,173
    Commercial real estate & other non-farm, non-residential $134,146
    Multifamily residential real estate $23,395
    1-4 family residential loans $84,326
    Farmland loans $52,217
    Loans held in foreign offices $0
    Farm loans $16,061
    Commercial and industrial loans $50,541
    To non-U.S. addressees $0
    Loans to individuals $13,837
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $4,547
    Other loans to individuals $9,290
    All other loans & leases $8,004
    Loans to foreign governments and official institutions $0
    Other loans $113
    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 $845
    Non 1-4 family restructured loans & leases $148
    Total loans and leases (foreign) $0

    Dieterich Bank had $499,020,000 of loans outstanding in 2019. $416,623,000 of loans were in real estate loans. $28,366,000 of loans were in development loans. $23,395,000 of loans were in multifamily mortgage loans. $84,326,000 of loans were in 1-4 family mortgage loans. $16,061,000 of loans were in farm loans. $0 of loans were in credit card loans. $4,547,000 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 290 $54,118 $186,614
    Nonfarm, nonresidential loans - <$100k 91 $3,480 $38,242
    Nonfarm, nonresidential loans - $100-250k 89 $11,228 $126,157
    Nonfarm, nonresidential loans - $250k-1MM 110 $39,410 $358,273
    Commercial & Industrial, US addressed loans - <$1MM 307 $18,308 $59,635
    Commercial & Industrial, US addressed loans - <$100k 238 $5,659 $23,777
    Commercial & Industrial, US addressed loans - $100-250k 29 $2,793 $96,310
    Commercial & Industrial, US addressed loans - $250k-1MM 40 $9,856 $246,400
    Farmland loans - <$1MM 336 $37,307 $111,033
    Farmland loans - <$100k 155 $7,147 $46,110
    Farmland loans - $100-250k 133 $15,589 $117,211
    Farmland loans - $250k-1MM 48 $14,571 $303,563
    Agriculture operations loans - <$1MM 211 $13,066 $61,924
    Agriculture operations loans - <$100k 159 $4,228 $26,591
    Agriculture operations loans - $100-250k 39 $4,837 $124,026
    Agriculture operations loans - $250k-1MM 13 $4,001 $307,769