Banterra Bank Mortgage Rates, Fees & Info

Marion, IL

LEI: 549300NGCDNC9174EF79

Tax ID: 37-0723369

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Banterra Bank is a smaller bank specializing in Home Purchase, Refi, and Cash Out Refi loans. Banterra Bank has a high proportion of conventional loans. Their top markets include Phoenix, Evansville, Carbondale, Cape Girardeau, and Paducah among others. Banterra Bank has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors.


Originations

555

Origination Dollar Volume (All Markets)

$116,065,000

Employee count

415

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 80 $32,380,000 $404,750 $0 0.00%
Outside of Metro Areas 170 $21,280,000 $125,176 $0 0.00%
EVANSVILLE, IN-KY (FHA|USDA|VA) 57 $14,465,000 $253,772 $0 0.00%
CARBONDALE-MARION, IL (FHA|USDA|VA) 109 $13,965,000 $128,119 $0 0.00%
CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 54 $10,770,000 $199,444 $0 0.00%
Paducah, KY-IL (FHA|USDA|VA) 27 $5,245,000 $194,259 $0 0.00%
ST. LOUIS, MO-IL (FHA|USDA|VA) 9 $2,795,000 $310,556 $0 0.00%
FLAGSTAFF, AZ (FHA|USDA|VA) 5 $2,415,000 $483,000 $0 0.00%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $1,995,000 $1,995,000 $0 0.00%
Mount Vernon, IL (FHA|USDA|VA) 16 $1,930,000 $120,625 $0 0.00%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 3 $1,405,000 $468,333 $0 0.00%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $800,000 $400,000 $0 0.00%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $725,000 $725,000 $0 0.00%
OWENSBORO, KY (FHA|USDA|VA) 1 $545,000 $545,000 $0 0.00%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $545,000 $545,000 $0 0.00%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 2 $460,000 $230,000 $0 0.00%
Sikeston, MO (FHA|USDA|VA) 3 $445,000 $148,333 $0 0.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $425,000 $425,000 $0 0.00%
GREELEY, CO (FHA|USDA|VA) 1 $415,000 $415,000 $0 0.00%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $405,000 $405,000 $0 0.00%
Juneau, AK (FHA|USDA|VA) 1 $405,000 $405,000 $0 0.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $375,000 $375,000 $0 0.00%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $315,000 $315,000 $0 0.00%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $315,000 $315,000 $0 0.00%
KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $265,000 $265,000 $0 0.00%
COLUMBIA, MO (FHA|USDA|VA) 1 $255,000 $255,000 $0 0.00%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $255,000 $255,000 $0 0.00%
Mayfield, KY (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
Crawfordsville, IN (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
Oxford, MS (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
Centralia, IL (FHA|USDA|VA) 1 $15,000 $15,000 $0 0.00%

Banterra Bank's top markets include Phoenix, Evansville, Carbondale, Cape Girardeau, and Paducah among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 555 $116,065,000 $209,126 $0 0.00%

For the 2021 period, Banterra Bank's most frequently originated loan type of loans were Conventional, with 555 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 253 $55,585,000 $219,704 $0 0.00%
Refi 162 $34,070,000 $210,309 $0 0.00%
Cash Out Refi 126 $24,390,000 $193,571 $0 0.00%
Other 12 $1,850,000 $154,167 $0 0.00%
Home Improvement 2 $170,000 $85,000 $0 0.00%

For the 2021, Banterra Bank's most frequently cited loan purpose of loans were Home Purchase, with 253 originations. The 2nd most popular reason of loans were Refi, with 162 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
Other 555 $116,065,000 $209,126 $0 0.00%

For the 2021, Banterra Bank's most frequently cited loan length of loans were Other, with 555 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 192 $27,820,000 $144,896 $0 0.00%
$100,000 or less 172 $10,580,000 $61,512 $0 0.00%
$200k-400k 129 $37,115,000 $287,713 $0 0.00%
$400k-600k 51 $24,785,000 $485,980 $0 0.00%
$600k-1MM 8 $6,040,000 $755,000 $0 0.00%
$1MM+ 3 $9,725,000 $3,241,667 $0 0.00%

2021 saw Banterra Bank place emphasis on $100k-200k loans with 192 originations, totaling $27,820,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 115 $25,175,000 $218,913 $0 0.00%
$50k or less 102 $8,950,000 $87,745 $0 0.00%
$50k-75k 99 $13,275,000 $134,091 $0 0.00%
$75k-100k 83 $15,515,000 $186,928 $0 0.00%
$150k-250k 74 $20,770,000 $280,676 $0 0.00%
$250k+ 37 $17,155,000 $463,649 $0 0.00%

Banterra Bank lent most frequently to those with incomes in the $100k-150k range, with 115 originations. The second most popular income band? $50k or less, with 102 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
Exempt% 555 $116,065,000 $209,126 $0 0.00%

Banterra Bank lent most frequently to those with DTI ratios of Exempt%, with 555 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 493 $97,875,000 $198,529 $0 0.00%
Not applicable 37 $13,535,000 $365,811 $0 0.00%
Not provided 11 $1,775,000 $161,364 $0 0.00%
Asian 9 $1,655,000 $183,889 $0 0.00%
Black 4 $1,170,000 $292,500 $0 0.00%
American Indian 1 $55,000 $55,000 $0 0.00%

Approval Rates

Total approvals of all applications
87.43%

Banterra Bank has an average approval rate.

Pick Rate

Approvals leading to origination
69.92%

Banterra Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

Points and Fees

Points Originations Total Value Average Loan
Exempt 555 $116,065,000 $209,126

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
555 $116,065,000 $209,126

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Banterra Bank 3151 Parisa Drive Paducah, KY 42001 Full Service B&M $111,700
Banterra Bank 108 S Plaza Dr New Rt 13 East Carterville, IL 62918 Full Service B&M $47,100
Banterra Bank 705 North Saint Joseph Avenue Evansville, IN 47712 Full Service B&M $30,323
Banterra Bank 800 North Carbon Street Marion, IL 62959 Full Service B&M $31,249
Banterra Bank 908 Grand Avenue Johnston City, IL 62951 Full Service B&M $34,478
Banterra Bank 99 Prairie Drive East Prairie, MO 63845 Full Service B&M $9,599
Banterra Bank East Main Street Norris City, IL 62869 Full Service B&M $79,274
Banterra Bank First And Main Streets Elizabethtown, IL 62931 Full Service B&M $27,936
Banterra Bank Jackson And Market Streets Mcleansboro, IL 62859 Full Service B&M $70,755
Banterra Bank Murphy Street Ridgway, IL 62979 Full Service B&M $98,892
Banterra Bank West Main & North Van Buren Streets Marion, IL 62959 Limited, Drive-thru $11,557
Banterra Bank 110 East Oak Street West Frankfort, IL 62896 Full Service B&M $154,663
Banterra Bank 111 Airway Drive Marion, IL 62959 Limited, Drive-thru $0
Banterra Bank 121 East Main Street, P. O. Box 10 Golconda, IL 62938 Full Service B&M $43,043
Banterra Bank 124 West Main Street Du Quoin, IL 62832 Full Service B&M $89,805
Banterra Bank 1310 West Main Street Carmi, IL 62821 Full Service B&M $37,071
Banterra Bank 133 Cross Point Boulevard Evansville, IN 47715 Full Service B&M $147,641
Banterra Bank 13503 W Camino Del Sol Sun City West, AZ 85375 Full Service Retail $19,549
Banterra Bank 1500 West Main Street Carbondale, IL 62901 Full Service B&M $99,267
Banterra Bank 1501 U.S. Route 45 South Eldorado, IL 62930 Full Service B&M $54,287
Banterra Bank 15100 N 78th Way, Suite # 101 Lex Capital Center Scottsdale, AZ 85260 Full Service B&M $9,592
Banterra Bank 1650 North Kingshighway, Suite # 101 Cape Girardeau, MO 63701 Full Service B&M $98,569
Banterra Bank 1704 West Deyoung Marion, IL 62959 Full Service Retail $20,123
Banterra Bank 225 Main Street Rosiclare, IL 62982 Full Service B&M $22,848
Banterra Bank 249 Canal Street Cave In Rock, IL 62919 Full Service B&M $12,433
Banterra Bank 318 South Park Avenue Herrin, IL 62948 Full Service B&M $35,327
Banterra Bank 3201 Banterra Drive Marion, IL 62959 Full Service B&M $148,612
Banterra Bank 3520 Broadway Mount Vernon, IL 62864 Full Service B&M $114,484
Banterra Bank 3811 Haley Drive Newburgh, IN 47630 Full Service B&M $82,992
Banterra Bank 395 South Commercial Street Harrisburg, IL 62946 Full Service B&M $0
Banterra Bank 401 East Deyoung Street Marion, IL 62959 Limited, Administrative $0
Banterra Bank 402-04 Court Street Vienna, IL 62995 Full Service B&M $99,641
Banterra Bank 435 East Diamond Avenue Evansville, IN 47711 Full Service B&M $11,020
Banterra Bank 506 North Victor Street Christopher, IL 62822 Full Service B&M $87,205
Banterra Bank 520 East Poplar Street Harrisburg, IL 62946 Full Service B&M $80,102
Banterra Bank 5200 Hinkleville Road Paducah, KY 42001 Full Service B&M $17,281
Banterra Bank 521 Ferry Street Metropolis, IL 62960 Full Service B&M $58,631
Banterra Bank 529 East Vine Street Vienna, IL 62995 Limited, Drive-thru $0

For 2021, Banterra Bank had 38 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $84,252
Net interest income $79,463
Total noninterest income $14,598
Gross Fiduciary activities income $0
Service charges on deposit accounts $3,406
Trading account gains and fees $0
Additional Noninterest Income $11,192
Pre-tax net operating income $39,829
Securities gains (or losses, -) $90
Income before extraordinary items $38,630
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $38,630
Minority interest net income $0
Net income $38,630
Sale, conversion, retirement of capital stock, net $0
Net operating income $38,542

Banterra Bank's gross interest income from loans was $84,252,000.
Banterra Bank's net interest income from loans was $79,463,000.
Banterra Bank's fee based income from loans was $3,406,000.
Banterra Bank's net income from loans was $38,630,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $4,789
Provision for credit losses $2,362
Total noninterest expense $51,870
Salaries and employee benefits $30,564
Premises and equipment expense $6,194
Additional noninterest expense $15,112
Applicable income taxes $1,289
Net charge-offs $1,492
Cash dividends $22,500

Banterra Bank's interest expense for loans was $4,789,000.
Banterra Bank's payroll and benefits expense were $30,564,000.
Banterra Bank's property, plant and equipment expenses $6,194,000.

Loan Performance

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

Deposits

Type Value (in 000's)
Total deposits $2,305,747
Deposits held in domestic offices $2,305,747
Deposits by Individuals, partnerships, and corporations $2,119,201
Deposits by U.S. Government $1
Deposits by States and political subdivisions in the U.S. $185,393
Deposits by Commercial banks and other depository institutions in U.S. $1,152
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $722,439
Demand deposits $679,394
Nontransaction accounts $1,583,308
Money market deposit accounts (MMDAs) $1,029,726
Other savings deposits (excluding MMDAs) $238,241
Total time deposits $315,341
Total time and savings deposits $1,626,353
Noninterest-bearing deposits $537,284
Interest-bearing deposits $1,768,463
Retail deposits $2,078,913
IRAs and Keogh plan accounts $32,655
Brokered deposits $150,661
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $2,573,220
Cash & Balances due from depository institutions $80,733
Interest-bearing balances $44,398
Total securities $636,651
Federal funds sold & reverse repurchase $0
Net loans and leases $1,771,458
Loan and leases loss allowance $19,707
Trading account assets $0
Bank premises and fixed assets $26,138
Other real estate owned $685
Goodwill and other intangibles $11,812
All other assets $45,743

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $2,573,220
Total Liabilities $2,339,745
Total deposits $2,305,747
Interest-bearing deposits $1,768,463
Deposits held in domestic offices $2,305,747
% insured (estimated) $82
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $5,300
Subordinated debt $14,854
All other liabilities $13,844

Issued Loan Types

Type Value (in 000's)
Net loans and leases $1,771,458
Loan and leases loss allowance $19,707
Total loans and leases (domestic) $1,791,165
All real estate loans $562,792
Real estate loans in domestic offices $562,792
Construction and development loans $65,120
Residential 1-4 family construction $11,225
Other construction, all land development and other land $53,895
Loans secured by nonfarm nonresidential properties $325,362
Nonfarm nonresidential secured by owner-occupied properties $152,296
Commercial real estate & other non-farm, non-residential $173,066
Multifamily residential real estate $18,871
1-4 family residential loans $113,860
Farmland loans $39,579
Loans held in foreign offices $0
Farm loans $56,549
Commercial and industrial loans $628,070
To non-U.S. addressees $0
Loans to individuals $529,550
Credit card loans $0
Related Plans $8
Consumer Auto Loans $1,856
Other loans to individuals $527,686
All other loans & leases $14,204
Loans to foreign governments and official institutions $0
Other loans $1,162
Loans to depository institutions and acceptances of other banks $0
Loans not secured by real estate $6,250
Loans secured by real estate to non-U.S. addressees $0
Restructured Loans & leases $143
Non 1-4 family restructured loans & leases $0
Total loans and leases (foreign) $0

Banterra Bank had $1,771,458,000 of loans outstanding in 2021. $562,792,000 of loans were in real estate loans. $65,120,000 of loans were in development loans. $18,871,000 of loans were in multifamily mortgage loans. $113,860,000 of loans were in 1-4 family mortgage loans. $56,549,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,856,000 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 356 $60,429 $169,744
Nonfarm, nonresidential loans - <$100k 120 $4,574 $38,117
Nonfarm, nonresidential loans - $100-250k 111 $12,924 $116,432
Nonfarm, nonresidential loans - $250k-1MM 125 $42,931 $343,448
Commercial & Industrial, US addressed loans - <$1MM 4,213 $431,717 $102,473
Commercial & Industrial, US addressed loans - <$100k 1,980 $69,491 $35,096
Commercial & Industrial, US addressed loans - $100-250k 1,590 $165,366 $104,004
Commercial & Industrial, US addressed loans - $250k-1MM 643 $196,860 $306,159
Farmland loans - <$1MM 245 $23,666 $96,596
Farmland loans - <$100k 102 $3,687 $36,147
Farmland loans - $100-250k 97 $9,704 $100,041
Farmland loans - $250k-1MM 46 $10,275 $223,370
Agriculture operations loans - <$1MM 369 $21,167 $57,363
Agriculture operations loans - <$100k 255 $5,515 $21,627
Agriculture operations loans - $100-250k 80 $7,290 $91,125
Agriculture operations loans - $250k-1MM 34 $8,362 $245,941