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

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

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Mortgage Data

  • SimulatedRates™
  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & 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 by origination volume include: Champaign, Decatur, Springfield, Naples, and Hilton Head Island among others. We have data for 20 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Hickory Point Bank And Trust has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Hickory Point Bank And Trust is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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 6.46% 3/19/23
    30 Year Conventional Refi 6.30% 3/19/23
    30 Year Cash-out Refi 6.48% 3/19/23
    15 Year Conventional Purchase 5.70% 3/19/23
    15 Year Conventional Refi 5.62% 3/19/23
    15 Year Cash-out Refi 5.62% 3/19/23
    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.


    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 mortgage rate was 3.04%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.11%.

    Relative Fees (Closing Costs)

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

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

    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
    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.

    Their top states include:
  • Illinois (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Hickory Point Bank and Trust based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    First State Bank
    Similarity Rank: 24
    Alliance Community Bank
    Similarity Rank: 128
    HEARTLAND
    Similarity Rank: 161
    UNIVERSITY OF ILLINOIS COMMUNITY
    Similarity Rank: 336
    Iroquois Federal Savings and Loan Association
    Similarity Rank: 414
    Prairie State Bank and Trust
    Similarity Rank: 435
    Petefish, Skiles & Co.
    Similarity Rank: 713
    United Community Bank
    Similarity Rank: 715
    Hickory Point Bank and Trust
    Similarity Rank: 760
    CIBM Bank
    Similarity Rank: 972

    Product Mix

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

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

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Hickory Point Bank And Trust's most frequently cited loan purpose was Home Purchase, with 226 originations. The 2nd most popular reason was 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 2021, Hickory Point Bank And Trust's most frequently cited loan duration was 30 Year, with 281 originations. The 2nd most popular length was 15 Year, with 122 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost 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

    Hickory Point Bank And Trust's average total fees were $1,797, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.04%, while their most frequently originated rate bucket for loans was 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
    94.37%

    Hickory Point Bank And Trust has an average approval rate.

    Pick Rate

    Approvals leading to origination
    94.52%

    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 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
    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

    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