Hickory Point Bank And Trust Mortgage Rates, Fees & Info

Decatur, IL

LEI: 549300NN5CG5Q640OV05

Tax ID: 37-1052394

5 stars - out of 5 stars, based on 22 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Hickory Point Bank And Trust is a smaller bank specializing in Home Purchase, Refi, and Cash Out Refi loans. Hickory Point Bank And Trust has a high proportion of conventional loans. Their top markets include Champaign, Decatur, Springfield, Naples, and Hilton Head Island among others. Hickory Point Bank And Trust has an above average approval rate for mortages when compared nationally. They have an average pick rate when compared to the same sample of other lendors. Hickory Point Bank And Trust is typically a low fee lendor.


Originations

493

Origination Dollar Volume (All Markets)

$103,025,000

Employee count

145 Show all (5) awards

Relative Rate

Hickory Point Bank And Trust's average 30 year fixed rate mortgage of loans were 3.04%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.11%.

Relative Fees

Hickory Point Bank And Trust's average total fees for a 30 year fixed rate mortgage are $1,797.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 296 $61,840,000 $208,919 $1,559 2.85%
DECATUR, IL (FHA|USDA|VA) 122 $17,230,000 $141,230 $1,752 2.75%
SPRINGFIELD, IL (FHA|USDA|VA) 37 $12,705,000 $343,378 $1,734 2.98%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $2,790,000 $1,395,000 $11,678 3.75%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $2,295,000 $2,295,000 $0 3.75%
Outside of Metro Areas 11 $1,605,000 $145,909 $1,918 3.03%
PEORIA, IL (FHA|USDA|VA) 6 $950,000 $158,333 $1,659 2.71%
ST. LOUIS, MO-IL (FHA|USDA|VA) 2 $790,000 $395,000 $1,630 3.00%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $545,000 $545,000 $5,030 2.88%
Lincoln, IL (FHA|USDA|VA) 3 $435,000 $145,000 $1,660 2.75%
Taylorville, IL (FHA|USDA|VA) 3 $405,000 $135,000 $1,733 3.13%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $335,000 $335,000 $2,885 3.88%
BLOOMINGTON, IN (FHA|USDA|VA) 1 $255,000 $255,000 $0 3.70%
BLOOMINGTON, IL (FHA|USDA|VA) 1 $235,000 $235,000 $2,005 2.88%
Branson, MO (FHA|USDA|VA) 1 $145,000 $145,000 $2,264 3.00%
JEFFERSON CITY, MO (FHA|USDA|VA) 1 $135,000 $135,000 $2,423 2.75%
KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $115,000 $115,000 $2,078 3.00%
Quincy, IL-MO (FHA|USDA|VA) 1 $105,000 $105,000 $1,431 2.88%
Galesburg, IL (FHA|USDA|VA) 1 $65,000 $65,000 $1,876 2.50%
Ottawa, IL (FHA|USDA|VA) 1 $45,000 $45,000 $1,457 2.38%

Hickory Point Bank And Trust's top markets include Champaign, Decatur, Springfield, Naples, and Hilton Head Island among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 493 $103,025,000 $208,976 $1,673 2.85%

For the 2021 period, Hickory Point Bank And Trust's most frequently originated loan type of loans were Conventional, with 493 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 226 $45,390,000 $200,841 $1,962 3.03%
Refi 161 $35,015,000 $217,484 $1,377 2.56%
Cash Out Refi 98 $21,450,000 $218,878 $1,532 2.89%
Other 6 $830,000 $138,333 $1,814 2.91%
Home Improvement 2 $340,000 $170,000 $0 3.73%

For the 2021, Hickory Point Bank And Trust's most frequently cited loan purpose of loans were Home Purchase, with 226 originations. The 2nd most popular reason of loans were Refi, with 161 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 281 $53,575,000 $190,658 $1,797 3.04%
15 Year 122 $18,960,000 $155,410 $1,441 2.30%
5 Year 32 $15,260,000 $476,875 $0 3.68%
10 Year 28 $7,520,000 $268,571 $1,566 2.38%
20 Year 26 $4,950,000 $190,385 $1,590 2.72%
Other 3 $2,715,000 $905,000 $1,121 3.23%
3 Year 1 $45,000 $45,000 $0 4.50%

For the 2021, Hickory Point Bank And Trust's most frequently cited loan length of loans were 30 Year, with 281 originations. The 2nd most popular length of loans were 15 Year, with 122 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 423 $77,615,000 $183,487
$1k-2k 5 $895,000 $179,000
$2k-3k 1 $545,000 $545,000

$1,797 of loans were Hickory Point Bank And Trust's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 423 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 182 $40,960,000 $225,055
<2.5% 156 $24,870,000 $159,423
3-4% 153 $37,115,000 $242,582
4-5% 2 $80,000 $40,000

During 2021, Hickory Point Bank And Trust's average interest rate of loans were 3.04%, while their most frequently originated rate bucket of loans were 2.5-3%, with 182 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 205 $29,855,000 $145,634 $1,599 2.83%
$100,000 or less 132 $9,110,000 $69,015 $1,603 2.80%
$200k-400k 124 $32,610,000 $262,984 $1,696 2.92%
$400k-600k 22 $10,440,000 $474,545 $1,926 2.66%
$1MM+ 7 $18,775,000 $2,682,143 $11,678 3.46%
$600k-1MM 3 $2,235,000 $745,000 $4,273 3.25%

2021 saw Hickory Point Bank And Trust place emphasis on $100k-200k loans with 205 originations, totaling $29,855,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 116 $15,360,000 $132,414 $1,615 2.80%
$100k-150k 105 $20,385,000 $194,143 $1,590 2.70%
$75k-100k 73 $12,055,000 $165,137 $1,631 2.83%
$150k-250k 66 $17,910,000 $271,364 $1,653 2.77%
$50k or less 61 $5,035,000 $82,541 $1,754 2.85%
$250k+ 36 $12,150,000 $337,500 $2,246 2.95%

Hickory Point Bank And Trust lent most frequently to those with incomes in the $50k-75k range, with 116 originations. The second most popular income band? $100k-150k, with 105 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 155 $26,295,000 $169,645 $1,670 2.77%
30-36% 81 $14,555,000 $179,691 $1,641 2.79%
<20% 75 $12,495,000 $166,600 $1,503 2.64%
43% 17 $3,005,000 $176,765 $1,744 2.66%
38% 15 $3,165,000 $211,000 $1,593 2.84%
44% 14 $2,650,000 $189,286 $1,786 2.90%
40% 13 $2,025,000 $155,769 $1,807 2.77%
36% 13 $2,285,000 $175,769 $1,696 2.82%
37% 11 $1,835,000 $166,818 $1,671 2.88%
39% 10 $1,570,000 $157,000 $1,858 2.89%
45% 10 $1,500,000 $150,000 $1,423 2.56%
41% 9 $1,555,000 $172,778 $1,801 2.99%
42% 8 $1,240,000 $155,000 $1,533 2.95%
47% 7 $1,465,000 $209,286 $1,626 2.98%
49% 6 $1,230,000 $205,000 $1,830 3.00%
46% 4 $1,040,000 $260,000 $1,836 2.97%
48% 4 $650,000 $162,500 $1,627 2.78%
50-60% 3 $2,515,000 $838,333 $5,295 3.71%

Hickory Point Bank And Trust lent most frequently to those with DTI ratios of 20-30%, with 155 originations. The next most common DTI ratio? 30-36%, with 81 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 354 $66,410,000 $187,599 $1,680 2.78%
Not applicable 32 $19,180,000 $599,375 $0 3.63%
Not provided 76 $12,310,000 $161,974 $1,612 2.81%
Black 16 $2,990,000 $186,875 $1,825 3.03%
Asian 15 $2,135,000 $142,333 $1,654 2.85%

Approval Rates

Total approvals of all applications
96.49%

Hickory Point Bank And Trust has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

Pick Rate

Approvals leading to origination
91.76%

Hickory Point Bank And Trust has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 493 $103,025,000 $208,976

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
493 $103,025,000 $208,976

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 33 $9,845,000 $298,333 $1,405 2.71%
40-60% 66 $10,260,000 $155,455 $1,450 2.49%
60-80% 217 $43,295,000 $199,516 $1,598 2.85%
80-100% 164 $35,240,000 $214,878 $1,911 2.96%
Over 100% 1 $195,000 $195,000 $1,829 3.25%
Under 20% 12 $4,190,000 $349,167 $1,203 3.49%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Hickory Point Bank and Trust 3131 West Wabash Avenue Springfield, IL 62704 Full Service B&M $57,959
Hickory Point Bank and Trust 4440 North Prospect Suite A Peoria Heights, IL 61616 Full Service B&M $5,428
Hickory Point Bank and Trust 4666 E Faries Pkwy Decatur, IL 62526 Full Service B&M $13,594
Hickory Point Bank and Trust 510 Main Street Varna, IL 61375 Full Service B&M $14,941
Hickory Point Bank and Trust 10 Southland Drive Decatur, IL 62521 Full Service B&M $36,728
Hickory Point Bank and Trust 165 West Weaver Road Forsyth, IL 62535 Full Service B&M $209,471
Hickory Point Bank and Trust 1880 South Mt Zion Road Decatur, IL 62521 Full Service B&M $59,140
Hickory Point Bank and Trust 202 West Park Avenue Champaign, IL 61820 Full Service B&M $57,707
Hickory Point Bank and Trust 225 North Water Street Decatur, IL 62523 Full Service B&M $166,416
Hickory Point Bank and Trust 3101 North Water Street Decatur, IL 62526 Full Service B&M $3,655

For 2021, Hickory Point Bank And Trust had 10 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $18,656
Net interest income $17,114
Total noninterest income $8,485
Gross Fiduciary activities income $3,436
Service charges on deposit accounts $305
Trading account gains and fees $0
Additional Noninterest Income $4,744
Pre-tax net operating income $7,798
Securities gains (or losses, -) $-13
Income before extraordinary items $5,961
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $5,961
Minority interest net income $0
Net income $5,961
Sale, conversion, retirement of capital stock, net $105
Net operating income $5,971

Hickory Point Bank And Trust's gross interest income from loans was $18,656,000.
Hickory Point Bank And Trust's net interest income from loans was $17,114,000.
Hickory Point Bank And Trust's fee based income from loans was $305,000.
Hickory Point Bank And Trust's net income from loans was $5,961,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $1,542
Provision for credit losses $-1,000
Total noninterest expense $18,801
Salaries and employee benefits $12,400
Premises and equipment expense $2,173
Additional noninterest expense $4,228
Applicable income taxes $1,824
Net charge-offs $-33
Cash dividends $10,275

Hickory Point Bank And Trust's interest expense for loans was $1,542,000.
Hickory Point Bank And Trust's payroll and benefits expense were $12,400,000.
Hickory Point Bank And Trust's property, plant and equipment expenses $2,173,000.

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 3.0%
1-4 family residential loans 0.0%
HELOC loans 0.0%
All other family 0.0%
Commercial & industrial loans 0.0%
Personal loans 1.0%
Credit card loans 0.0%
Other individual loans 1.0%
Auto loans 3.0%
Other consumer loans 0.0%
Unsecured commercial real estate loans 0.0%

Deposits

Type Value (in 000's)
Total deposits $635,440
Deposits held in domestic offices $635,440
Deposits by Individuals, partnerships, and corporations $588,874
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $46,566
Deposits by Commercial banks and other depository institutions in U.S. $0
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $50,971
Demand deposits $26,992
Nontransaction accounts $584,469
Money market deposit accounts (MMDAs) $450,484
Other savings deposits (excluding MMDAs) $62,423
Total time deposits $71,562
Total time and savings deposits $608,448
Noninterest-bearing deposits $144,611
Interest-bearing deposits $490,829
Retail deposits $621,041
IRAs and Keogh plan accounts $18,702
Brokered deposits $0
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $714,490
Cash & Balances due from depository institutions $108,705
Interest-bearing balances $101,851
Total securities $188,922
Federal funds sold & reverse repurchase $0
Net loans and leases $370,791
Loan and leases loss allowance $5,421
Trading account assets $0
Bank premises and fixed assets $17,484
Other real estate owned $0
Goodwill and other intangibles $1,571
All other assets $27,017

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $714,490
Total Liabilities $647,632
Total deposits $635,440
Interest-bearing deposits $490,829
Deposits held in domestic offices $635,440
% insured (estimated) $74
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $5,000
Subordinated debt $0
All other liabilities $7,192

Issued Loan Types

Type Value (in 000's)
Net loans and leases $370,791
Loan and leases loss allowance $5,421
Total loans and leases (domestic) $376,212
All real estate loans $313,768
Real estate loans in domestic offices $313,768
Construction and development loans $15,738
Residential 1-4 family construction $665
Other construction, all land development and other land $15,073
Loans secured by nonfarm nonresidential properties $164,837
Nonfarm nonresidential secured by owner-occupied properties $53,078
Commercial real estate & other non-farm, non-residential $111,759
Multifamily residential real estate $75,675
1-4 family residential loans $46,468
Farmland loans $11,050
Loans held in foreign offices $0
Farm loans $599
Commercial and industrial loans $57,983
To non-U.S. addressees $0
Loans to individuals $895
Credit card loans $0
Related Plans $182
Consumer Auto Loans $348
Other loans to individuals $365
All other loans & leases $2,967
Loans to foreign governments and official institutions $0
Other loans $6
Loans to depository institutions and acceptances of other banks $0
Loans not secured by real estate $0
Loans secured by real estate to non-U.S. addressees $0
Restructured Loans & leases $1,178
Non 1-4 family restructured loans & leases $63
Total loans and leases (foreign) $0

Hickory Point Bank and Trust had $370,791,000 of loans outstanding in 2021. $313,768,000 of loans were in real estate loans. $15,738,000 of loans were in development loans. $75,675,000 of loans were in multifamily mortgage loans. $46,468,000 of loans were in 1-4 family mortgage loans. $599,000 of loans were in farm loans. $0 of loans were in credit card loans. $348,000 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 91 $25,987 $285,571
Nonfarm, nonresidential loans - <$100k 19 $813 $42,789
Nonfarm, nonresidential loans - $100-250k 22 $3,208 $145,818
Nonfarm, nonresidential loans - $250k-1MM 50 $21,966 $439,320
Commercial & Industrial, US addressed loans - <$1MM 224 $32,581 $145,451
Commercial & Industrial, US addressed loans - <$100k 102 $3,384 $33,176
Commercial & Industrial, US addressed loans - $100-250k 71 $10,823 $152,437
Commercial & Industrial, US addressed loans - $250k-1MM 51 $18,374 $360,275
Farmland loans - <$1MM 19 $3,424 $180,211
Farmland loans - <$100k 6 $271 $45,167
Farmland loans - $100-250k 7 $1,037 $148,143
Farmland loans - $250k-1MM 6 $2,116 $352,667
Agriculture operations loans - <$1MM 1 $54 $54,000
Agriculture operations loans - <$100k 1 $54 $54,000