Banterra Bank Mortgage Rates, Fees & Info
Marion, ILLEI: 549300NGCDNC9174EF79
Tax ID: 37-0723369
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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, Mount Vernon, and Phoenix among others. We have data for 21 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% | 4/18/24 |
| 30 Year Conventional Refi | 7.21% | 4/18/24 |
| 30 Year Cash-out Refi | 6.84% | 4/18/24 |
| 30 Year FHA Purchase | 6.27% | 4/18/24 |
| 30 Year USDA Purchase | 6.97% | 4/18/24 |
| 30 Year USDA Refi | 6.27% | 4/18/24 |
| 15 Year Conventional Purchase | 6.49% | 4/18/24 |
| 15 Year Conventional Refi | 5.88% | 4/18/24 |
| 15 Year Cash-out Refi | 5.88% | 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. | ||
Banterra Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
312Origination Dollar Volume (All Markets)
$54,410,000Employee count
386Top 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 | 101 | $12,785,000 | $126,584 | $0 | 0.00% |
| CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) | 40 | $10,500,000 | $262,500 | $0 | 0.00% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 76 | $9,310,000 | $122,500 | $0 | 0.00% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 44 | $7,850,000 | $178,409 | $0 | 0.00% |
| Mount Vernon, IL (FHA|USDA|VA) | 18 | $5,740,000 | $318,889 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $1,840,000 | $920,000 | $0 | 0.00% |
| Paducah, KY-IL (FHA|USDA|VA) | 10 | $1,000,000 | $100,000 | $0 | 0.00% |
| Heber, UT (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $0 | 0.00% |
| Sikeston, MO (FHA|USDA|VA) | 6 | $720,000 | $120,000 | $0 | 0.00% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 0.00% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| Mayfield, KY (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| Centralia, IL (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $0 | 0.00% |
| Murray, KY (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Banterra Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 302 | $53,340,000 | $176,623 | $0 | 0.00% |
| VA | 6 | $830,000 | $138,333 | $0 | 0.00% |
| USDA | 4 | $240,000 | $60,000 | $0 | 0.00% |
For 2019, Banterra Bank's most frequently originated type of loan was Conventional, with 302 originations. Their 2nd most popular type was VA, with 6 originations.
Loan Reason
For 2019, Banterra Bank's most frequently cited loan purpose was Home Purchase, with 178 originations. The 2nd most popular reason was Refi, with 79 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 312 | $54,410,000 | $174,391 | $0 | 0.00% |
For 2019, Banterra Bank's most frequently cited loan duration was Other, with 312 originations.
Loan Sizing
2019 saw Banterra Bank place emphasis on $100,000 or less loans with 123 originations, totaling $7,665,000 in origination value.
Applicant Income
Banterra Bank lent most frequently to those with incomes in the $50k-75k range, with 66 originations. The second most popular income band? $50k or less, with 56 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 312 | $54,410,000 | $174,391 | $0 | 0.00% |
Banterra Bank lent most frequently to those with DTI ratios of Exempt%, with 312 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications85.65%
Banterra Bank has an average approval rate.
Pick Rate
Approvals leading to origination72.44%
Banterra Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 312 | $54,410,000 | $174,391 |
Occupancy Type Mix
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Banterra Bank | 1310 West Main Street Carmi, IL 62821 | Full Service B&M | $36,930 |
| Banterra Bank | 133 Cross Point Boulevard Evansville, IN 47715 | Full Service B&M | $99,736 |
| Banterra Bank | 3151 Parisa Drive Paducah, KY 42001 | Full Service B&M | $109,657 |
| Banterra Bank | 108 S Plaza Dr New Rt 13 East Carterville, IL 62918 | Full Service B&M | $24,081 |
| Banterra Bank | 110 East Oak Street West Frankfort, IL 62896 | Full Service B&M | $123,821 |
| 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 | $33,910 |
| Banterra Bank | 124 West Main Street Du Quoin, IL 62832 | Full Service B&M | $60,898 |
| Banterra Bank | 13503 W Camino Del Sol Sun City West, AZ 85375 | Full Service Retail | $310 |
| Banterra Bank | 1500 West Main Street Carbondale, IL 62901 | Full Service B&M | $74,515 |
| Banterra Bank | 1501 U.S. Route 45 South Eldorado, IL 62930 | Full Service B&M | $51,780 |
| Banterra Bank | 1650 North Kingshighway, Suite # 101 Cape Girardeau, MO 63701 | Full Service B&M | $51,230 |
| Banterra Bank | 1704 West Deyoung Marion, IL 62959 | Full Service Retail | $13,040 |
| Banterra Bank | 225 Main Street Rosiclare, IL 62982 | Full Service B&M | $27,487 |
| Banterra Bank | 249 Canal Street Cave In Rock, IL 62919 | Full Service B&M | $10,493 |
| Banterra Bank | 318 South Park Avenue Herrin, IL 62948 | Full Service B&M | $26,624 |
| Banterra Bank | 3201 Banterra Drive Marion, IL 62959 | Full Service B&M | $153,918 |
| Banterra Bank | 3520 Broadway Mount Vernon, IL 62864 | Full Service B&M | $23,795 |
| Banterra Bank | 3811 Haley Drive Newburgh, IN 47630 | Full Service B&M | $27,480 |
| 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 | $92,153 |
| Banterra Bank | 435 East Diamond Avenue Evansville, IN 47711 | Full Service B&M | $7,425 |
| Banterra Bank | 506 North Victor Street Christopher, IL 62822 | Full Service B&M | $68,094 |
| Banterra Bank | 520 East Poplar Street Harrisburg, IL 62946 | Full Service B&M | $65,633 |
| Banterra Bank | 5200 Hinkleville Road Paducah, KY 42001 | Full Service B&M | $31,475 |
| Banterra Bank | 521 Ferry Street Metropolis, IL 62960 | Full Service B&M | $49,222 |
| Banterra Bank | 529 East Vine Street Vienna, IL 62995 | Limited, Drive-thru | $0 |
| Banterra Bank | 705 North Saint Joseph Avenue Evansville, IN 47712 | Full Service B&M | $20,389 |
| Banterra Bank | 800 North Carbon Street Marion, IL 62959 | Full Service B&M | $25,333 |
| Banterra Bank | 908 Grand Avenue Johnston City, IL 62951 | Full Service B&M | $30,158 |
| Banterra Bank | 99 Prairie Drive East Prairie, MO 63845 | Full Service B&M | $6,590 |
| Banterra Bank | 9900 Clayton Road, Suite E. Saint Louis, MO 63124 | Full Service B&M | $5,087 |
| Banterra Bank | East Main Street Norris City, IL 62869 | Full Service B&M | $56,001 |
| Banterra Bank | First And Main Streets Elizabethtown, IL 62931 | Full Service B&M | $14,276 |
| Banterra Bank | Jackson And Market Streets Mcleansboro, IL 62859 | Full Service B&M | $63,901 |
| Banterra Bank | Murphy Street Ridgway, IL 62979 | Full Service B&M | $86,559 |
| Banterra Bank | West Main & North Van Buren Streets Marion, IL 62959 | Limited, Drive-thru | $10,902 |
For 2019, Banterra Bank had 37 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $75,943 |
| Net interest income | $60,024 |
| Total noninterest income | $12,374 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $4,437 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $7,937 |
| Pre-tax net operating income | $26,386 |
| Securities gains (or losses, -) | $300 |
| Income before extraordinary items | $26,399 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $26,399 |
| Minority interest net income | $0 |
| Net income | $26,399 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $26,102 |
Banterra Bank's gross interest income from loans was $75,943,000.
Banterra Bank's net interest income from loans was $60,024,000.
Banterra Bank's fee based income from loans was $4,437,000.
Banterra Bank's net income from loans was $26,399,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $15,919 |
| Provision for credit losses | $2,345 |
| Total noninterest expense | $43,667 |
| Salaries and employee benefits | $24,432 |
| Premises and equipment expense | $5,914 |
| Additional noninterest expense | $13,321 |
| Applicable income taxes | $287 |
| Net charge-offs | $814 |
| Cash dividends | $16,500 |
Banterra Bank's interest expense for loans was $15,919,000.
Banterra Bank's payroll and benefits expense were $24,432,000.
Banterra Bank's property, plant and equipment expenses $5,914,000.
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 | 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 | 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 | $1,677,339 |
| Deposits held in domestic offices | $1,677,339 |
| Deposits by Individuals, partnerships, and corporations | $1,464,091 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $199,775 |
| Deposits by Commercial banks and other depository institutions in U.S. | $13,473 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $363,629 |
| Demand deposits | $335,835 |
| Nontransaction accounts | $1,313,710 |
| Money market deposit accounts (MMDAs) | $675,603 |
| Other savings deposits (excluding MMDAs) | $174,587 |
| Total time deposits | $463,520 |
| Total time and savings deposits | $1,341,504 |
| Noninterest-bearing deposits | $356,814 |
| Interest-bearing deposits | $1,320,525 |
| Retail deposits | $1,481,798 |
| IRAs and Keogh plan accounts | $36,664 |
| Brokered deposits | $108,788 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $1,950,815 |
| Cash & Balances due from depository institutions | $50,473 |
| Interest-bearing balances | $17,941 |
| Total securities | $341,263 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $1,473,948 |
| Loan and leases loss allowance | $14,731 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $25,734 |
| Other real estate owned | $1,062 |
| Goodwill and other intangibles | $12,513 |
| All other assets | $45,822 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $1,950,815 |
| Total Liabilities | $1,770,099 |
| Total deposits | $1,677,339 |
| Interest-bearing deposits | $1,320,525 |
| Deposits held in domestic offices | $1,677,339 |
| % insured (estimated) | $86 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $70,275 |
| Subordinated debt | $14,814 |
| All other liabilities | $7,671 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $1,473,948 |
| Loan and leases loss allowance | $14,731 |
| Total loans and leases (domestic) | $1,488,679 |
| All real estate loans | $498,163 |
| Real estate loans in domestic offices | $498,163 |
| Construction and development loans | $34,566 |
| Residential 1-4 family construction | $7,954 |
| Other construction, all land development and other land | $26,612 |
| Loans secured by nonfarm nonresidential properties | $257,925 |
| Nonfarm nonresidential secured by owner-occupied properties | $98,598 |
| Commercial real estate & other non-farm, non-residential | $159,327 |
| Multifamily residential real estate | $9,161 |
| 1-4 family residential loans | $145,848 |
| Farmland loans | $50,663 |
| Loans held in foreign offices | $0 |
| Farm loans | $67,121 |
| Commercial and industrial loans | $472,170 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $430,787 |
| Credit card loans | $0 |
| Related Plans | $10 |
| Consumer Auto Loans | $1,613 |
| Other loans to individuals | $429,164 |
| All other loans & leases | $20,437 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $9,687 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $565 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $987 |
| Non 1-4 family restructured loans & leases | $812 |
| Total loans and leases (foreign) | $0 |
Banterra Bank had $1,473,948,000 of loans outstanding in 2019. $498,163,000 of loans were in real estate loans. $34,566,000 of loans were in development loans. $9,161,000 of loans were in multifamily mortgage loans. $145,848,000 of loans were in 1-4 family mortgage loans. $67,121,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,613,000 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 | 389 | $61,690 | $158,586 |
| Nonfarm, nonresidential loans - <$100k | 143 | $5,343 | $37,364 |
| Nonfarm, nonresidential loans - $100-250k | 112 | $13,231 | $118,134 |
| Nonfarm, nonresidential loans - $250k-1MM | 134 | $43,116 | $321,761 |
| Commercial & Industrial, US addressed loans - <$1MM | 3,242 | $318,821 | $98,341 |
| Commercial & Industrial, US addressed loans - <$100k | 1,642 | $60,399 | $36,784 |
| Commercial & Industrial, US addressed loans - $100-250k | 1,206 | $129,333 | $107,241 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 394 | $129,089 | $327,637 |
| Farmland loans - <$1MM | 277 | $28,963 | $104,560 |
| Farmland loans - <$100k | 116 | $4,373 | $37,698 |
| Farmland loans - $100-250k | 108 | $11,938 | $110,537 |
| Farmland loans - $250k-1MM | 53 | $12,652 | $238,717 |
| Agriculture operations loans - <$1MM | 430 | $27,206 | $63,270 |
| Agriculture operations loans - <$100k | 292 | $6,834 | $23,404 |
| Agriculture operations loans - $100-250k | 94 | $9,648 | $102,638 |
| Agriculture operations loans - $250k-1MM | 44 | $10,724 | $243,727 |