Banterra Bank Mortgage Rates, Fees & Info

Marion, IL

LEI: 549300NGCDNC9174EF79

Tax ID: 37-0723369

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Mortgage Data

Bank Data

Review & Overview

Banterra Bank is a smaller bank specializing in Home Purchase and Refi loans. Banterra Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Cape Girardeau, Carbondale, Evansville, Paducah, and Phoenix among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)

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

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.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 7.12% 3/24/24
30 Year Conventional Refi 7.21% 3/24/24
30 Year Cash-out Refi 6.84% 3/24/24
30 Year FHA Purchase 6.27% 3/24/24
30 Year USDA Purchase 6.97% 3/24/24
30 Year USDA Refi 6.27% 3/24/24
15 Year Conventional Purchase 6.49% 3/24/24
15 Year Conventional Refi 5.88% 3/24/24
15 Year Cash-out Refi 5.88% 3/24/24
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.

Banterra Bank Mortgage Calculator






Your Estimates

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This is not an official calculator from Banterra 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

320

Origination Dollar Volume (All Markets)

$46,260,000

Employee count

375

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
Outside of Metro Areas 133 $14,465,000 $108,759 $0 0.00%
CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 47 $9,485,000 $201,809 $0 0.00%
CARBONDALE-MARION, IL (FHA|USDA|VA) 71 $7,405,000 $104,296 $0 0.00%
EVANSVILLE, IN-KY (FHA|USDA|VA) 30 $6,890,000 $229,667 $0 0.00%
Paducah, KY-IL (FHA|USDA|VA) 20 $3,820,000 $191,000 $0 0.00%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $1,350,000 $675,000 $0 0.00%
ST. LOUIS, MO-IL (FHA|USDA|VA) 6 $1,120,000 $186,667 $0 0.00%
Sikeston, MO (FHA|USDA|VA) 3 $395,000 $131,667 $0 0.00%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $375,000 $375,000 $0 0.00%
Mount Vernon, IL (FHA|USDA|VA) 4 $350,000 $87,500 $0 0.00%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $265,000 $265,000 $0 0.00%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
Centralia, IL (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
Banterra Bank's top markets include Cape Girardeau, Carbondale, Evansville, Paducah, and Phoenix among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 305 $44,445,000 $145,721 $0 0.00%
    USDA 11 $1,165,000 $105,909 $0 0.00%
    VA 4 $650,000 $162,500 $0 0.00%

    For 2018, Banterra Bank's most frequently originated type of loan was Conventional, with 305 originations. Their 2nd most popular type was USDA, with 11 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 213 $29,505,000 $138,521 $0 0.00%
    Refi 61 $10,415,000 $170,738 $0 0.00%
    Cash Out Refi 32 $3,910,000 $122,188 $0 0.00%
    Home Improvement 10 $1,720,000 $172,000 $0 0.00%
    Other 4 $710,000 $177,500 $0 0.00%

    For 2018, Banterra Bank's most frequently cited loan purpose was Home Purchase, with 213 originations. The 2nd most popular reason was Refi, with 61 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 320 $46,260,000 $144,563 $0 0.00%

    For 2018, Banterra Bank's most frequently cited loan duration was Other, with 320 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 141 $7,865,000 $55,780 $0 0.00%
    $100k-200k 111 $15,665,000 $141,126 $0 0.00%
    $200k-400k 57 $15,195,000 $266,579 $0 0.00%
    $400k-600k 6 $2,800,000 $466,667 $0 0.00%
    $600k-1MM 3 $2,285,000 $761,667 $0 0.00%
    $1MM+ 2 $2,450,000 $1,225,000 $0 0.00%

    2018 saw Banterra Bank place emphasis on $100,000 or less loans with 141 originations, totaling $7,865,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 74 $5,360,000 $72,432 $0 0.00%
    $50k-75k 59 $6,295,000 $106,695 $0 0.00%
    $100k-150k 48 $8,030,000 $167,292 $0 0.00%
    $150k-250k 37 $6,845,000 $185,000 $0 0.00%
    $75k-100k 31 $3,895,000 $125,645 $0 0.00%
    $250k+ 21 $6,235,000 $296,905 $0 0.00%

    Banterra Bank lent most frequently to those with incomes in the $50k or less range, with 74 originations. The second most popular income band? $50k-75k, with 59 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 320 $46,260,000 $144,563 $0 0.00%

    Banterra Bank lent most frequently to those with DTI ratios of Exempt%, with 320 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 259 $34,515,000 $133,263 $0 0.00%
    Not applicable 39 $8,565,000 $219,615 $0 0.00%
    Not provided 17 $2,115,000 $124,412 $0 0.00%
    Asian 2 $440,000 $220,000 $0 0.00%
    Black 2 $330,000 $165,000 $0 0.00%
    Other Asian 1 $295,000 $295,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    86.52%

    Banterra Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    75.63%

    Banterra Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 320 $46,260,000 $144,563

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 10 $4,660,000 $466,000
    Single Family (1-4 Units):Manufactured 5 $225,000 $45,000
    Single Family (1-4 Units):Site-Built 305 $41,375,000 $135,656

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Banterra Bank 108 S Plaza Dr New Rt 13 East Carterville, IL 62918 Full Service B&M $21,169
    Banterra Bank 110 East Oak Street West Frankfort, IL 62896 Full Service B&M $99,514
    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 $34,547
    Banterra Bank 124 West Main Street Du Quoin, IL 62832 Full Service B&M $61,408
    Banterra Bank 1310 West Main Street Carmi, IL 62821 Full Service B&M $26,089
    Banterra Bank 133 Cross Point Boulevard Evansville, IN 47715 Full Service B&M $78,717
    Banterra Bank 1500 West Main Street Carbondale, IL 62901 Full Service B&M $31,483
    Banterra Bank 1501 U.S. Route 45 South Eldorado, IL 62930 Full Service B&M $44,781
    Banterra Bank 1650 North Kingshighway, Suite # 101 Cape Girardeau, MO 63701 Full Service B&M $27,019
    Banterra Bank 1704 West Deyoung Marion, IL 62959 Full Service Retail $12,695
    Banterra Bank 1917 West Main Street Carbondale, IL 62901 Full Service B&M $37,419
    Banterra Bank 225 Main Street Rosiclare, IL 62982 Full Service B&M $23,995
    Banterra Bank 249 Canal Street Cave In Rock, IL 62919 Full Service B&M $10,723
    Banterra Bank 3151 Parisa Drive Paducah, KY 42001 Full Service B&M $73,086
    Banterra Bank 318 South Park Avenue Herrin, IL 62948 Full Service B&M $26,074
    Banterra Bank 3201 Banterra Drive Marion, IL 62959 Full Service B&M $170,774
    Banterra Bank 3520 Broadway Mount Vernon, IL 62864 Full Service B&M $28,016
    Banterra Bank 3811 Haley Drive Newburgh, IN 47630 Full Service B&M $27,737
    Banterra Bank 395 South Commercial Street Harrisburg, IL 62946 Full Service B&M $0
    Banterra Bank 402-04 Court Street Vienna, IL 62995 Full Service B&M $90,646
    Banterra Bank 435 East Diamond Avenue Evansville, IN 47711 Full Service B&M $6,708
    Banterra Bank 506 North Victor Street Christopher, IL 62822 Full Service B&M $62,215
    Banterra Bank 520 East Poplar Street Harrisburg, IL 62946 Full Service B&M $72,604
    Banterra Bank 5200 Hinkleville Road Paducah, KY 42001 Full Service B&M $12,437
    Banterra Bank 521 Ferry Street Metropolis, IL 62960 Full Service B&M $48,597
    Banterra Bank 529 East Vine Street Vienna, IL 62995 Limited, Drive-thru $0
    Banterra Bank 605 West Main Street West Frankfort, IL 62896 Full Service B&M $29,602
    Banterra Bank 705 North Saint Joseph Avenue Evansville, IN 47712 Full Service B&M $24,841
    Banterra Bank 800 North Carbon Street Marion, IL 62959 Full Service B&M $25,601
    Banterra Bank 908 Grand Avenue Johnston City, IL 62951 Full Service B&M $24,297
    Banterra Bank 99 Prairie Drive East Prairie, MO 63845 Full Service B&M $4,601
    Banterra Bank 9900 Clayton Road, Suite E. Saint Louis, MO 63124 Full Service B&M $4,271
    Banterra Bank East Main Street Norris City, IL 62869 Full Service B&M $57,188
    Banterra Bank First And Main Streets Elizabethtown, IL 62931 Full Service B&M $13,995
    Banterra Bank Jackson And Market Streets Mcleansboro, IL 62859 Full Service B&M $61,971
    Banterra Bank Murphy Street Ridgway, IL 62979 Full Service B&M $83,398
    Banterra Bank West Main & North Van Buren Streets Marion, IL 62959 Limited, Drive-thru $11,118

    For 2018, Banterra Bank had 38 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $67,017
    Net interest income $57,263
    Total noninterest income $12,526
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $4,642
    Trading account gains and fees $0
    Additional Noninterest Income $7,884
    Pre-tax net operating income $26,306
    Securities gains (or losses, -) $-2
    Income before extraordinary items $26,138
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $26,138
    Minority interest net income $0
    Net income $26,138
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $26,139

    Banterra Bank's gross interest income from loans was $67,017,000.
    Banterra Bank's net interest income from loans was $57,263,000.
    Banterra Bank's fee based income from loans was $4,642,000.
    Banterra Bank's net income from loans was $26,138,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $9,754
    Provision for credit losses $2,592
    Total noninterest expense $40,891
    Salaries and employee benefits $23,726
    Premises and equipment expense $5,452
    Additional noninterest expense $11,713
    Applicable income taxes $166
    Net charge-offs $1,106
    Cash dividends $11,000

    Banterra Bank's interest expense for loans was $9,754,000.
    Banterra Bank's payroll and benefits expense were $23,726,000.
    Banterra Bank's property, plant and equipment expenses $5,452,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 2.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 1.0%
    HELOC loans 0.0%
    All other family 2.0%
    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 $1,543,056
    Deposits held in domestic offices $1,543,056
    Deposits by Individuals, partnerships, and corporations $1,343,077
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $186,106
    Deposits by Commercial banks and other depository institutions in U.S. $13,873
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $321,123
    Demand deposits $290,965
    Nontransaction accounts $1,221,933
    Money market deposit accounts (MMDAs) $629,626
    Other savings deposits (excluding MMDAs) $171,561
    Total time deposits $420,746
    Total time and savings deposits $1,252,091
    Noninterest-bearing deposits $343,060
    Interest-bearing deposits $1,199,996
    Retail deposits $1,400,647
    IRAs and Keogh plan accounts $37,808
    Brokered deposits $87,250
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,796,239
    Cash & Balances due from depository institutions $37,046
    Interest-bearing balances $12,201
    Total securities $345,429
    Federal funds sold & reverse repurchase $0
    Net loans and leases $1,333,495
    Loan and leases loss allowance $13,200
    Trading account assets $0
    Bank premises and fixed assets $26,165
    Other real estate owned $828
    Goodwill and other intangibles $13,143
    All other assets $40,133

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,796,239
    Total Liabilities $1,637,898
    Total deposits $1,543,056
    Interest-bearing deposits $1,199,996
    Deposits held in domestic offices $1,543,056
    % insured (estimated) $85
    Federal funds purchased and repurchase agreements $5,799
    Trading liabilities $0
    Other borrowed funds $84,270
    Subordinated debt $0
    All other liabilities $4,773

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,333,495
    Loan and leases loss allowance $13,200
    Total loans and leases (domestic) $1,346,695
    All real estate loans $473,126
    Real estate loans in domestic offices $473,126
    Construction and development loans $28,368
    Residential 1-4 family construction $5,430
    Other construction, all land development and other land $22,938
    Loans secured by nonfarm nonresidential properties $242,172
    Nonfarm nonresidential secured by owner-occupied properties $99,931
    Commercial real estate & other non-farm, non-residential $142,241
    Multifamily residential real estate $14,405
    1-4 family residential loans $137,403
    Farmland loans $50,778
    Loans held in foreign offices $0
    Farm loans $65,678
    Commercial and industrial loans $403,104
    To non-U.S. addressees $0
    Loans to individuals $385,137
    Credit card loans $0
    Related Plans $12
    Consumer Auto Loans $1,490
    Other loans to individuals $383,635
    All other loans & leases $19,650
    Loans to foreign governments and official institutions $0
    Other loans $9,648
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $886
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $128
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Banterra Bank had $1,333,495,000 of loans outstanding in 2018. $473,126,000 of loans were in real estate loans. $28,368,000 of loans were in development loans. $14,405,000 of loans were in multifamily mortgage loans. $137,403,000 of loans were in 1-4 family mortgage loans. $65,678,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,490,000 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 399 $63,498 $159,143
    Nonfarm, nonresidential loans - <$100k 142 $4,696 $33,070
    Nonfarm, nonresidential loans - $100-250k 118 $14,163 $120,025
    Nonfarm, nonresidential loans - $250k-1MM 139 $44,639 $321,144
    Commercial & Industrial, US addressed loans - <$1MM 2,833 $274,779 $96,992
    Commercial & Industrial, US addressed loans - <$100k 1,508 $55,201 $36,605
    Commercial & Industrial, US addressed loans - $100-250k 989 $108,979 $110,191
    Commercial & Industrial, US addressed loans - $250k-1MM 336 $110,599 $329,164
    Farmland loans - <$1MM 296 $30,683 $103,659
    Farmland loans - <$100k 133 $5,428 $40,812
    Farmland loans - $100-250k 108 $11,788 $109,148
    Farmland loans - $250k-1MM 55 $13,467 $244,855
    Agriculture operations loans - <$1MM 458 $29,061 $63,452
    Agriculture operations loans - <$100k 322 $7,203 $22,370
    Agriculture operations loans - $100-250k 88 $9,924 $112,773
    Agriculture operations loans - $250k-1MM 48 $11,934 $248,625