Banterra Bank Mortgage Rates, Fees & Info
Marion, ILLEI: 549300NGCDNC9174EF79
Tax ID: 37-0723369
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Review & 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 by origination volume include: Phoenix, Evansville, Carbondale, Cape Girardeau, and Paducah among others. We have data for 31 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
555Origination Dollar Volume (All Markets)
$116,065,000Employee count
415Top 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 |
|---|---|---|---|---|---|
| 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% |
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 | 555 | $116,065,000 | $209,126 | $0 | 0.00% |
For 2021, Banterra Bank's most frequently originated type of loan was Conventional, with 555 originations.
Loan Reason
For 2021, Banterra Bank's most frequently cited loan purpose was Home Purchase, with 253 originations. The 2nd most popular reason was 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 2021, Banterra Bank's most frequently cited loan duration was Other, with 555 originations.
Loan Sizing
2021 saw Banterra Bank place emphasis on $100k-200k loans with 192 originations, totaling $27,820,000 in origination value.
Applicant Income
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
Approval Rates
Total approvals of all applications87.73%
Banterra Bank has an average approval rate.
Pick Rate
Approvals leading to origination62.34%
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 |
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 | $47,100 |
| 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 | 3151 Parisa Drive Paducah, KY 42001 | Full Service B&M | $111,700 |
| 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 |
| 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 |
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 |