Banterra Bank Mortgage Rates, Fees & Info
Marion, IL
LEI: 549300NGCDNC9174EF79
Tax ID: 37-0723369
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Mortgage Data
Bank 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
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.
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 |