Banterra Bank Mortgage Rates, Fees & Info

Marion, IL

LEI: 549300NGCDNC9174EF79

Tax ID: 37-0723369

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

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, 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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 7.12% 12/6/24
30 Year Conventional Refi 7.21% 12/6/24
30 Year Cash-out Refi 6.84% 12/6/24
30 Year FHA Purchase 6.27% 12/6/24
30 Year USDA Purchase 6.97% 12/6/24
30 Year USDA Refi 6.27% 12/6/24
15 Year Conventional Purchase 6.49% 12/6/24
15 Year Conventional Refi 5.88% 12/6/24
15 Year Cash-out Refi 5.88% 12/6/24
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

Estimated Loan Payment: Update the calculator values and click calculate payment!

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

312

Origination Dollar Volume (All Markets)

$54,410,000

Employee count

386

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 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%
Banterra Bank's top markets include Cape Girardeau, Carbondale, Evansville, Mount Vernon, 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)
  • 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.

    EVANSVILLE
    Similarity Rank: 32
    Heritage Federal Credit Union
    Similarity Rank: 72
    First Mid Bank & Trust
    Similarity Rank: 90
    First State Community Bank
    Similarity Rank: 240
    Peoples National Bank , N.A.
    Similarity Rank: 296
    The Bank of Missouri
    Similarity Rank: 432
    Southern Bank
    Similarity Rank: 555
    Deer Valley Credit Union
    Similarity Rank: 820
    Independence Bank of Kentucky
    Similarity Rank: 868

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 178 $29,950,000 $168,258 $0 0.00%
    Refi 79 $17,715,000 $224,241 $0 0.00%
    Cash Out Refi 39 $5,505,000 $141,154 $0 0.00%
    Other 10 $840,000 $84,000 $0 0.00%
    Home Improvement 6 $400,000 $66,667 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 123 $7,665,000 $62,317 $0 0.00%
    $100k-200k 111 $15,845,000 $142,748 $0 0.00%
    $200k-400k 56 $14,350,000 $256,250 $0 0.00%
    $400k-600k 14 $6,550,000 $467,857 $0 0.00%
    $600k-1MM 5 $3,975,000 $795,000 $0 0.00%
    $1MM+ 3 $6,025,000 $2,008,333 $0 0.00%

    2019 saw Banterra Bank place emphasis on $100,000 or less loans with 123 originations, totaling $7,665,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 66 $7,310,000 $110,758 $0 0.00%
    $50k or less 56 $5,010,000 $89,464 $0 0.00%
    $75k-100k 53 $6,675,000 $125,943 $0 0.00%
    $100k-150k 47 $8,105,000 $172,447 $0 0.00%
    $150k-250k 29 $6,625,000 $228,448 $0 0.00%
    $250k+ 28 $8,150,000 $291,071 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 270 $40,140,000 $148,667 $0 0.00%
    Not applicable 31 $12,255,000 $395,323 $0 0.00%
    Asian 7 $1,425,000 $203,571 $0 0.00%
    Black 3 $565,000 $188,333 $0 0.00%
    American Indian 1 $25,000 $25,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    85.65%

    Banterra Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    72.44%

    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

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 8 $7,390,000 $923,750
    Single Family (1-4 Units):Manufactured 2 $170,000 $85,000
    Single Family (1-4 Units):Site-Built 302 $46,850,000 $155,132

    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