Banterra Bank Mortgage Rates, Fees & Info

Marion, IL

LEI: 549300NGCDNC9174EF79

Tax ID: 37-0723369

2021 Data | 2020 Data | 2019 Data | 2018 Data


Jump to:

Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • 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