Busey Bank Mortgage Rates, Fees & Info

Champaign, IL

LEI: 549300O7SGM8FH65GQ47

Tax ID: 37-0613731

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

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    • Mortgage Data

  • Originations
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  • Product Mix
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  • Complaints
  • 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

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    • Review & Overview

    Busey Bank is a smaller bank specializing in Home Purchase and Refi loans. Busey Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: St. Louis, Chicago, Champaign, Bloomington, and Indianapolis among others. We have data for 103 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Busey Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Busey Bank 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
    Home Equity Line of Credit (HELOC) 6.24% 5/5/24
    30 Year Conventional Purchase 6.48% 5/5/24
    30 Year Conventional Refi 6.48% 5/5/24
    30 Year Cash-out Refi 6.38% 5/5/24
    30 Year FHA Purchase 7.41% 5/5/24
    30 Year FHA Refi 6.84% 5/5/24
    30 Year VA Purchase 6.37% 5/5/24
    30 Year USDA Purchase 6.95% 5/5/24
    15 Year Conventional Purchase 5.58% 5/5/24
    15 Year Conventional Refi 5.82% 5/5/24
    15 Year Cash-out Refi 5.82% 5/5/24
    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.

    Busey Bank Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Busey 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

    3,943

    Origination Dollar Volume (All Markets)

    $855,335,000

    Employee count

    1,126 Show all (18) awards

    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
    ST. LOUIS, MO-IL (FHA|USDA|VA) 879 $251,865,000 $286,536 $3,579 4.86%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 798 $207,010,000 $259,411 $3,999 4.89%
    CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 858 $133,200,000 $155,245 $1,985 4.99%
    BLOOMINGTON, IL (FHA|USDA|VA) 359 $62,145,000 $173,106 $2,024 4.92%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 106 $36,340,000 $342,830 $2,806 4.97%
    PEORIA, IL (FHA|USDA|VA) 314 $30,460,000 $97,006 $2,167 5.19%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 101 $22,135,000 $219,158 $4,141 5.09%
    Outside of Metro Areas 124 $16,420,000 $132,419 $2,425 5.02%
    Lebanon, MO (FHA|USDA|VA) 2 $11,390,000 $5,695,000 $0 3.87%
    DECATUR, IL (FHA|USDA|VA) 131 $10,865,000 $82,939 $2,087 4.98%
    Quincy, IL-MO (FHA|USDA|VA) 5 $7,315,000 $1,463,000 $2,592 4.87%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 10 $5,050,000 $505,000 $5,544 4.60%
    BLOOMINGTON, IN (FHA|USDA|VA) 3 $3,135,000 $1,045,000 $2,250 4.74%
    PUNTA GORDA, FL (FHA|USDA|VA) 16 $2,910,000 $181,875 $3,754 4.95%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 7 $2,785,000 $397,857 $4,414 4.21%
    NILES, MI (FHA|USDA|VA) 3 $2,725,000 $908,333 $4,480 4.90%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 7 $2,715,000 $387,857 $5,758 4.80%
    Ottawa, IL (FHA|USDA|VA) 16 $2,710,000 $169,375 $4,068 5.18%
    Pontiac, IL (FHA|USDA|VA) 29 $2,485,000 $85,690 $2,583 5.04%
    DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 2 $2,460,000 $1,230,000 $2,128 5.31%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 12 $2,110,000 $175,833 $2,925 4.73%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 16 $2,070,000 $129,375 $2,584 5.11%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 6 $1,390,000 $231,667 $3,501 3.96%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 4 $1,210,000 $302,500 $3,316 4.25%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 3 $1,185,000 $395,000 $2,845 4.75%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 3 $1,065,000 $355,000 $3,466 4.83%
    KANKAKEE, IL (FHA|USDA|VA) 6 $990,000 $165,000 $3,711 4.60%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 3 $865,000 $288,333 $5,322 4.00%
    Glenwood Springs, CO (FHA|USDA|VA) 1 $865,000 $865,000 $3,704 4.25%
    Forest City, NC (FHA|USDA|VA) 1 $825,000 $825,000 $0 4.97%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 4 $820,000 $205,000 $4,459 4.63%
    Bedford, IN (FHA|USDA|VA) 1 $805,000 $805,000 $3,469 3.88%
    DANVILLE, IL (FHA|USDA|VA) 11 $785,000 $71,364 $1,565 5.27%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $760,000 $380,000 $5,197 4.44%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $755,000 $755,000 $7,895 3.88%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 2 $680,000 $340,000 $6,189 4.56%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 3 $675,000 $225,000 $2,806 4.50%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $655,000 $655,000 $4,441 4.88%
    Edwards, CO (FHA|USDA|VA) 2 $650,000 $325,000 $0 4.75%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $635,000 $635,000 $5,335 4.25%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $630,000 $315,000 $3,988 4.44%
    Whitewater, WI (FHA|USDA|VA) 4 $610,000 $152,500 $2,254 4.59%
    Heber, UT (FHA|USDA|VA) 1 $605,000 $605,000 $3,044 3.88%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2 $600,000 $300,000 $3,714 4.19%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $575,000 $575,000 $2,451 4.63%
    Galesburg, IL (FHA|USDA|VA) 2 $560,000 $280,000 $3,784 3.94%
    SPRINGFIELD, IL (FHA|USDA|VA) 4 $530,000 $132,500 $1,970 4.91%
    MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 1 $525,000 $525,000 $2,238 3.99%
    Effingham, IL (FHA|USDA|VA) 2 $510,000 $255,000 $2,061 4.63%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $485,000 $485,000 $4,517 4.00%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 2 $480,000 $240,000 $2,187 4.38%
    LAWRENCE, KS (FHA|USDA|VA) 1 $455,000 $455,000 $16,287 3.88%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $435,000 $435,000 $4,551 4.25%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $435,000 $435,000 $4,066 4.75%
    LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 1 $415,000 $415,000 $15,977 4.25%
    Taylorville, IL (FHA|USDA|VA) 4 $410,000 $102,500 $1,559 5.06%
    LOUISVILLE, KY (FHA|USDA|VA) 2 $400,000 $200,000 $5,212 4.44%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 2 $400,000 $200,000 $3,839 5.19%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $375,000 $375,000 $2,312 3.88%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $375,000 $375,000 $8,957 5.25%
    Kalispell, MT (FHA|USDA|VA) 1 $355,000 $355,000 $3,456 4.63%
    MUSKEGON, MI (FHA|USDA|VA) 1 $355,000 $355,000 $0 6.00%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $355,000 $355,000 $2,822 4.50%
    APPLETON, WI (FHA|USDA|VA) 2 $350,000 $175,000 $2,161 4.56%
    Charleston-Mattoon, IL (FHA|USDA|VA) 3 $345,000 $115,000 $1,969 5.04%
    SANTA FE, NM (FHA|USDA|VA) 1 $345,000 $345,000 $3,090 4.75%
    SALISBURY, MD-DE (FHA|USDA|VA) 1 $325,000 $325,000 $9,211 5.13%
    Sedalia, MO (FHA|USDA|VA) 1 $315,000 $315,000 $0 4.25%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $305,000 $305,000 $2,929 3.88%
    SPRINGFIELD, MO (FHA|USDA|VA) 2 $300,000 $150,000 $3,015 4.56%
    TUCSON, AZ (FHA|USDA|VA) 1 $295,000 $295,000 $3,517 5.38%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $295,000 $295,000 $3,864 4.75%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $295,000 $295,000 $3,324 4.38%
    ROCKFORD, IL (FHA|USDA|VA) 1 $285,000 $285,000 $7,660 4.38%
    SALT LAKE CITY, UT (FHA|USDA|VA) 1 $285,000 $285,000 $8,005 4.50%
    LINCOLN, NE (FHA|USDA|VA) 3 $275,000 $91,667 $1,350 3.08%
    KNOXVILLE, TN (FHA|USDA|VA) 1 $275,000 $275,000 $8,035 3.75%
    Fort Dodge, IA (FHA|USDA|VA) 1 $265,000 $265,000 $2,199 3.88%
    Rochelle, IL (FHA|USDA|VA) 1 $245,000 $245,000 $2,504 5.13%
    COLUMBIA, MO (FHA|USDA|VA) 1 $215,000 $215,000 $1,904 4.63%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $215,000 $215,000 $0 4.75%
    Branson, MO (FHA|USDA|VA) 1 $205,000 $205,000 $0 6.25%
    GAINESVILLE, FL (FHA|USDA|VA) 1 $205,000 $205,000 $3,121 4.38%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $205,000 $205,000 $3,464 4.38%
    AMARILLO, TX (FHA|USDA|VA) 1 $205,000 $205,000 $5,028 4.00%
    Lincoln, IL (FHA|USDA|VA) 4 $200,000 $50,000 $2,672 5.09%
    Sevierville, TN (FHA|USDA|VA) 1 $195,000 $195,000 $0 5.25%
    Thomasville, GA (FHA|USDA|VA) 1 $185,000 $185,000 $2,658 4.25%
    Stillwater, OK (FHA|USDA|VA) 1 $185,000 $185,000 $3,001 5.25%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $175,000 $175,000 $5,903 4.63%
    Sturgis, MI (FHA|USDA|VA) 1 $155,000 $155,000 $2,725 5.13%
    Moberly, MO (FHA|USDA|VA) 1 $145,000 $145,000 $1,652 4.63%
    Beaver Dam, WI (FHA|USDA|VA) 1 $145,000 $145,000 $1,896 4.63%
    Dixon, IL (FHA|USDA|VA) 2 $140,000 $70,000 $2,615 5.00%
    ASHEVILLE, NC (FHA|USDA|VA) 1 $135,000 $135,000 $2,540 4.88%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $135,000 $135,000 $3,142 4.63%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $115,000 $115,000 $2,311 4.75%
    MUNCIE, IN (FHA|USDA|VA) 2 $110,000 $55,000 $0 4.50%
    Warrensburg, MO (FHA|USDA|VA) 1 $105,000 $105,000 $3,556 3.75%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $105,000 $105,000 $2,325 4.88%
    PANAMA CITY, FL (FHA|USDA|VA) 1 $105,000 $105,000 $0 5.25%
    Warsaw, IN (FHA|USDA|VA) 1 $85,000 $85,000 $1,764 5.63%
    Wabash, IN (FHA|USDA|VA) 1 $75,000 $75,000 $0 4.50%
    Busey Bank's top markets include St. Louis, Chicago, Champaign, Bloomington, and Indianapolis among others.

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

    • Similar Lenders

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

    UNITED
    Similarity Rank: 28
    First Bank & Trust IL
    Similarity Rank: 45
    MAINSTREET FEDERAL CREDIT UNION
    Similarity Rank: 68
    The Fisher National Bank
    Similarity Rank: 90
    Ozarks Federal Savings and Loan Association
    Similarity Rank: 100
    Liberty Bank for Savings
    Similarity Rank: 104
    KCB Bank
    Similarity Rank: 108
    Community Bank of Trenton
    Similarity Rank: 108
    Vibrant Credit Union
    Similarity Rank: 132
    Prairie State Bank and Trust
    Similarity Rank: 138

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,578 $668,950,000 $259,484 $2,487 4.67%
    HELOC 929 $108,555,000 $116,851 n/a 5.83%
    FHA 266 $47,220,000 $177,519 $5,944 4.69%
    VA 112 $23,850,000 $212,946 $5,290 4.43%
    USDA 58 $6,760,000 $116,552 $3,416 4.45%

    For 2018, Busey Bank's most frequently originated type of loan was Conventional, with 2,578 originations. Their 2nd most popular type was HELOC, with 929 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 2,255 $537,765,000 $238,477 $3,325 4.65%
    Refi 783 $210,665,000 $269,049 $1,980 5.23%
    Other 326 $29,130,000 $89,356 $1,155 5.74%
    Cash Out Refi 302 $60,430,000 $200,099 $2,139 4.45%
    Home Improvement 277 $17,345,000 $62,617 $285 6.01%

    For 2018, Busey Bank's most frequently cited loan purpose was Home Purchase, with 2,255 originations. The 2nd most popular reason was Refi, with 783 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,287 $504,335,000 $220,523 $3,206 4.61%
    20 Year 761 $66,175,000 $86,958 $2,412 5.64%
    15 Year 293 $45,685,000 $155,922 $2,084 4.56%
    Other 279 $83,795,000 $300,341 $670 5.67%
    5 Year 225 $111,045,000 $493,533 $44 5.39%
    1 Year 47 $27,715,000 $589,681 $760 5.37%
    10 Year 34 $10,850,000 $319,118 $1,234 4.98%
    3 Year 16 $5,220,000 $326,250 $0 4.85%
    30+ year 1 $515,000 $515,000 $7,709 4.25%

    For 2018, Busey Bank's most frequently cited loan duration was 30 Year, with 2,287 originations. The 2nd most popular length was 20 Year, with 761 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 2,261 $471,385,000 $208,485
    $1k-2k 217 $44,185,000 $203,618
    $2k-3k 37 $9,455,000 $255,541
    $3k-4k 23 $7,705,000 $335,000
    $5k+ 10 $9,040,000 $904,000
    $4k-5k 7 $3,965,000 $566,429

    Busey Bank's average total fees were $3,206, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2,261 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 2,040 $511,560,000 $250,765
    5-6% 1,087 $170,705,000 $157,042
    3-4% 465 $152,845,000 $328,699
    6-7% 247 $15,095,000 $61,113
    7-8% 56 $2,930,000 $52,321
    Over 8% 24 $1,060,000 $44,167
    % 1 $745,000 $745,000
    2.5-3% 1 $285,000 $285,000
    <2.5% 1 $5,000 $5,000

    During 2018, Busey Bank's average interest rate for loans was 4.61%, while their most frequently originated rate bucket for loans was 4-5%, with 2,040 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 1,320 $69,880,000 $52,939 $1,866 5.51%
    $100k-200k 1,270 $181,760,000 $143,118 $2,825 4.75%
    $200k-400k 1,048 $284,620,000 $271,584 $3,489 4.58%
    $400k-600k 177 $83,735,000 $473,079 $3,827 4.48%
    $600k-1MM 76 $56,610,000 $744,868 $4,199 4.44%
    $1MM+ 52 $178,730,000 $3,437,115 $8,442 4.58%

    2018 saw Busey Bank place emphasis on $100,000 or less loans with 1,320 originations, totaling $69,880,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 813 $147,455,000 $181,371 $3,018 4.95%
    $50k-75k 777 $103,365,000 $133,031 $3,037 4.90%
    $50k or less 634 $58,240,000 $91,861 $2,758 4.93%
    $75k-100k 623 $98,325,000 $157,825 $2,993 4.95%
    $150k-250k 536 $120,230,000 $224,310 $2,942 4.91%
    $250k+ 294 $124,930,000 $424,932 $3,573 4.67%

    Busey Bank lent most frequently to those with incomes in the $100k-150k range, with 813 originations. The second most popular income band? $50k-75k, with 777 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 890 $137,200,000 $154,157 $2,463 5.01%
    30-36% 679 $120,095,000 $176,870 $2,606 4.91%
    <20% 443 $57,295,000 $129,334 $2,285 5.16%
    39% 156 $30,210,000 $193,654 $3,028 4.92%
    42% 144 $23,830,000 $165,486 $3,278 5.04%
    37% 138 $28,720,000 $208,116 $3,037 4.87%
    41% 134 $23,310,000 $173,955 $2,821 4.88%
    43% 132 $25,120,000 $190,303 $3,178 4.73%
    44% 126 $25,700,000 $203,968 $3,482 4.80%
    40% 118 $22,950,000 $194,492 $3,171 4.84%
    50-60% 118 $34,000,000 $288,136 $5,961 4.71%
    36% 116 $20,760,000 $178,966 $2,606 4.91%
    38% 114 $21,890,000 $192,018 $3,010 4.77%
    49% 98 $21,580,000 $220,204 $3,562 4.66%
    47% 77 $15,115,000 $196,299 $3,708 4.75%
    45% 75 $13,625,000 $181,667 $3,306 4.70%
    46% 71 $15,235,000 $214,577 $3,993 4.58%
    48% 60 $15,490,000 $258,167 $3,497 4.46%
    >60% 24 $3,370,000 $140,417 $3,378 5.44%

    Busey Bank lent most frequently to those with DTI ratios of 20-30%, with 890 originations. The next most common DTI ratio? 30-36%, with 679 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 3,200 $569,040,000 $177,825 $2,950 4.91%
    Not applicable 217 $192,245,000 $885,922 $0 5.22%
    Asian 146 $35,080,000 $240,274 $2,884 4.58%
    Black 163 $26,865,000 $164,816 $3,812 4.93%
    Not provided 202 $26,630,000 $131,832 $2,900 5.37%
    Asian Indian 5 $4,205,000 $841,000 $5,749 5.09%
    American Indian 6 $650,000 $108,333 $3,792 5.10%
    Native Hawaiian or Islander 2 $310,000 $155,000 $4,289 4.18%
    Other Asian 2 $310,000 $155,000 $1,014 4.43%

    Approval Rates

    Total approvals of all applications
    91.04%

    Busey Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.42%

    Busey Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 3,943 $855,335,000 $216,925

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 5 $675,000 $135,000
    Multifamily:Site-Built 109 $166,245,000 $1,525,183
    Single Family (1-4 Units):Manufactured 2 $30,000 $15,000
    Single Family (1-4 Units):Site-Built 3,827 $688,385,000 $179,876

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 437 $48,325,000 $110,584 $1,959 5.46%
    40-60% 378 $83,700,000 $221,429 $2,219 4.93%
    60-80% 1,043 $328,635,000 $315,086 $2,600 4.71%
    80-100% 1,574 $352,870,000 $224,187 $3,332 4.64%
    Over 100% 34 $8,810,000 $259,118 $9,084 4.65%
    Under 20% 468 $29,630,000 $63,312 $219 6.04%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    BOK FINANCIAL CORP Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 8.0%
    BOK FINANCIAL CORP Conventional home mortgage Closing on a mortgage 1 4.0%
    BOK FINANCIAL CORP Conventional home mortgage Struggling to pay mortgage 2 8.0%
    BOK FINANCIAL CORP Conventional home mortgage Trouble during payment process 12 48.0%
    BOK FINANCIAL CORP FHA mortgage Trouble during payment process 1 4.0%
    BOK FINANCIAL CORP Other type of mortgage Struggling to pay mortgage 1 4.0%
    BOK FINANCIAL CORP Other type of mortgage Trouble during payment process 1 4.0%
    BOK FINANCIAL CORP VA mortgage Closing on a mortgage 2 8.0%
    BOK FINANCIAL CORP VA mortgage Struggling to pay mortgage 2 8.0%
    BOK FINANCIAL CORP VA mortgage Trouble during payment process 1 4.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Busey Bank #10 Maryland Plaza Saint Louis, MO 63108 Full Service B&M $21,819
    Busey Bank 100 West University Avenue Champaign, IL 61820 Full Service B&M $997,215
    Busey Bank 104 North Main Street St. Joseph, IL 61873 Full Service B&M $53,665
    Busey Bank 1111 South Veterans Parkway Bloomington, IL 61701 Full Service B&M $66,065
    Busey Bank 115 North Third Street Fairbury, IL 61739 Full Service B&M $42,558
    Busey Bank 11550 N. Meridian Street, Suite 100 Carmel, IN 46032 Full Service B&M $53,791
    Busey Bank 118 Cole Street East Peoria, IL 61611 Full Service B&M $31,863
    Busey Bank 12300 Olive Boulevard Saint Louis, MO 63141 Full Service B&M $299,586
    Busey Bank 1231 East Grove Street Rantoul, IL 61866 Full Service B&M $37,588
    Busey Bank 128 Holden Street Tolono, IL 61880 Full Service B&M $59,792
    Busey Bank 130 N Water St Decatur, IL 62523 Full Service Cyber Office $11,692
    Busey Bank 130 North Water Street Decatur, IL 62525 Full Service B&M $281,766
    Busey Bank 130 Washington Street Braidwood, IL 60408 Full Service B&M $22,318
    Busey Bank 13901 S. Bell Road Homer Glen, IL 60491 Full Service B&M $64,752
    Busey Bank 140 West Center Street Paxton, IL 60957 Full Service B&M $27,517
    Busey Bank 1400-1406 West Garfield Avenue Bartonville, IL 61607 Full Service B&M $25,426
    Busey Bank 14150 S Route 30 Plainfield, IL 60544 Full Service B&M $74,936
    Busey Bank 14446 Clayton Road Ballwin, MO 63011 Full Service B&M $49,156
    Busey Bank 14803 Tamiami Trail North Port, FL 34287 Full Service B&M $42,306
    Busey Bank 1490 Tamiami Trl Port Charlotte, FL 33948 Full Service B&M $21,621
    Busey Bank 1700 O'fallon Rd. Saint Charles, MO 63304 Full Service B&M $40,493
    Busey Bank 175 Carondelet Plz Clayton, MO 63105 Full Service B&M $78,351
    Busey Bank 17701 Edison Avenue, Suite 100 Chesterfield, MO 63005 Full Service B&M $111,612
    Busey Bank 1928 Zumbehl Road Saint Charles, MO 63303 Full Service B&M $44,323
    Busey Bank 2 Saint Claire Court Washington, IL 61571 Full Service B&M $33,192
    Busey Bank 200 West Main Street Shelbyville, IL 62565 Full Service B&M $63,937
    Busey Bank 201 West College Avenue Normal, IL 61761 Full Service B&M $28,794
    Busey Bank 201 West Main Street Urbana, IL 61801 Full Service B&M $552,262
    Busey Bank 2011 West Springfield Avenue Champaign, IL 61820 Full Service B&M $55,611
    Busey Bank 2070 Mount Zion Road Decatur, IL 62521 Full Service B&M $42,188
    Busey Bank 2101 N Veterans Pkwy Bloomington, IL 61704 Full Service Cyber Office $13,791
    Busey Bank 2101 North Veterans Parkway Bloomington, IL 61704 Full Service B&M $168,813
    Busey Bank 2119 S.W. Adams Street Peoria, IL 61602 Full Service B&M $103,208
    Busey Bank 2119 Sw Adams Peoria, IL 61602 Limited, Mobile/Seasonal Office $0
    Busey Bank 2315 E. Division Street Diamond, IL 60416 Full Service B&M $24,497
    Busey Bank 24 West Gartner Street, Suite 104 Naperville, IL 60540 Full Service B&M $91,513
    Busey Bank 2421-2427 West Rohmann Avenue Peoria, IL 61604 Full Service B&M $40,062
    Busey Bank 2505 North Water Street Decatur, IL 62526 Full Service B&M $93,253
    Busey Bank 2524 South Del Prado Boulevard Cape Coral, FL 33904 Full Service B&M $48,657
    Busey Bank 25407 Bell Road Channahon, IL 60410 Full Service B&M $56,730
    Busey Bank 2710 South Philo Road Urbana, IL 61801 Full Service B&M $124,172
    Busey Bank 2801 Black Road Joliet, IL 60435 Full Service B&M $293,104
    Busey Bank 2815 Tamiami Trail Punta Gorda, FL 33950 Full Service B&M $20,772
    Busey Bank 3002 West Windsor Road Champaign, IL 61821 Full Service B&M $94,347
    Busey Bank 301 East Cedar Street Le Roy, IL 61752 Full Service B&M $87,206
    Busey Bank 312 East Main Street Mahomet, IL 61853 Full Service B&M $107,777
    Busey Bank 312 South Randolph Street Champaign, IL 61820 Limited, Drive-thru $0
    Busey Bank 3200 Veterans Drive Pekin, IL 61554 Full Service B&M $46,110
    Busey Bank 33 South 4th Street Pekin, IL 61554 Full Service B&M $87,993
    Busey Bank 33 South Fourth Street Pekin, IL 61554 Limited, Mobile/Seasonal Office $0
    Busey Bank 3760 South Grand St. Louis, MO 63118 Full Service B&M $23,679
    Busey Bank 402 North Sangamon Avenue Gibson City, IL 60936 Full Service B&M $32,082
    Busey Bank 4100 West Willow Knolls Road Peoria, IL 61615 Full Service B&M $58,805
    Busey Bank 414 1/2 Hamilton Boulevard Peoria, IL 61602 Limited, Drive-thru $70,149
    Busey Bank 415 De Baliviere Ave Saint Louis, MO 63112 Full Service B&M $32,298
    Busey Bank 4226 Bayless Ave Saint Louis, MO 63123 Full Service B&M $89,732
    Busey Bank 4520 North Sheridan Road Peoria, IL 61614 Full Service B&M $116,629
    Busey Bank 606 Depot Street Mazon, IL 60444 Full Service B&M $31,170
    Busey Bank 614 South Sixth Street Champaign, IL 61820 Full Service B&M $41,222
    Busey Bank 6510 Clayton Road Richmond Heights, MO 63117 Full Service B&M $50,656
    Busey Bank 6699 N Sheridan Rd Peoria, IL 61614 Full Service Cyber Office $6,026
    Busey Bank 7020 County Line Road Burr Ridge, IL 60527 Full Service B&M $212,292
    Busey Bank 7980 Summerlin Lakes Drive Fort Myers, FL 33907 Full Service Cyber Office $6,131
    Busey Bank 7980 Summerlin Lakes Drive Fort Myers, FL 33907 Full Service B&M $83,848
    Busey Bank 8008 North Lindbergh Hazelwood, MO 63042 Full Service B&M $45,042
    Busey Bank 8919 North Knoxville Avenue Peoria, IL 61615 Full Service B&M $47,587
    Busey Bank 900 Olive Street Saint Louis, MO 63101 Full Service B&M $35,581
    Busey Bank 909 West Kirby Street Champaign, IL 61821 Full Service B&M $254,829
    Busey Bank 917 North Fourth Street Chillicothe, IL 61523 Full Service B&M $41,967
    Busey Bank Busey.Com Champaign, IL 61820 Full Service Cyber Office $85,779

    For 2018, Busey Bank had 70 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $286,289
    Net interest income $248,941
    Total noninterest income $92,168
    Gross Fiduciary activities income $27,003
    Service charges on deposit accounts $15,366
    Trading account gains and fees $0
    Additional Noninterest Income $49,799
    Pre-tax net operating income $152,491
    Securities gains (or losses, -) $-1,991
    Income before extraordinary items $110,478
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $110,478
    Minority interest net income $0
    Net income $110,478
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $112,050

    Busey Bank's gross interest income from loans was $286,289,000.
    Busey Bank's net interest income from loans was $248,941,000.
    Busey Bank's fee based income from loans was $15,366,000.
    Busey Bank's net income from loans was $110,478,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $37,348
    Provision for credit losses $4,429
    Total noninterest expense $184,189
    Salaries and employee benefits $94,235
    Premises and equipment expense $22,295
    Additional noninterest expense $67,659
    Applicable income taxes $40,022
    Net charge-offs $7,363
    Cash dividends $0

    Busey Bank's interest expense for loans was $37,348,000.
    Busey Bank's payroll and benefits expense were $94,235,000.
    Busey Bank's property, plant and equipment expenses $22,295,000.

    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 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 1.0%
    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 $6,322,510
    Deposits held in domestic offices $6,322,510
    Deposits by Individuals, partnerships, and corporations $5,797,924
    Deposits by U.S. Government $4
    Deposits by States and political subdivisions in the U.S. $518,510
    Deposits by Commercial banks and other depository institutions in U.S. $6,072
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $571,086
    Demand deposits $571,086
    Nontransaction accounts $5,751,424
    Money market deposit accounts (MMDAs) $3,706,506
    Other savings deposits (excluding MMDAs) $547,915
    Total time deposits $1,497,003
    Total time and savings deposits $5,751,424
    Noninterest-bearing deposits $1,482,073
    Interest-bearing deposits $4,840,437
    Retail deposits $5,794,454
    IRAs and Keogh plan accounts $166,700
    Brokered deposits $279,954
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $7,690,612
    Cash & Balances due from depository institutions $239,973
    Interest-bearing balances $111,135
    Total securities $1,306,352
    Federal funds sold & reverse repurchase $0
    Net loans and leases $5,543,982
    Loan and leases loss allowance $50,648
    Trading account assets $1,438
    Bank premises and fixed assets $117,606
    Other real estate owned $374
    Goodwill and other intangibles $304,655
    All other assets $176,232

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $7,690,612
    Total Liabilities $6,601,902
    Total deposits $6,322,510
    Interest-bearing deposits $4,840,437
    Deposits held in domestic offices $6,322,510
    % insured (estimated) $79
    Federal funds purchased and repurchase agreements $185,796
    Trading liabilities $1,438
    Other borrowed funds $50,000
    Subordinated debt $0
    All other liabilities $42,158

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $5,543,982
    Loan and leases loss allowance $50,648
    Total loans and leases (domestic) $5,594,630
    All real estate loans $4,253,351
    Real estate loans in domestic offices $4,253,351
    Construction and development loans $312,278
    Residential 1-4 family construction $44,192
    Other construction, all land development and other land $268,086
    Loans secured by nonfarm nonresidential properties $1,917,506
    Nonfarm nonresidential secured by owner-occupied properties $809,366
    Commercial real estate & other non-farm, non-residential $1,108,140
    Multifamily residential real estate $449,883
    1-4 family residential loans $1,479,085
    Farmland loans $94,599
    Loans held in foreign offices $0
    Farm loans $53,364
    Commercial and industrial loans $1,048,907
    To non-U.S. addressees $0
    Loans to individuals $28,170
    Credit card loans $1,682
    Related Plans $3,751
    Consumer Auto Loans $12,272
    Other loans to individuals $10,465
    All other loans & leases $210,838
    Loans to foreign governments and official institutions $0
    Other loans $86,694
    Loans to depository institutions and acceptances of other banks $326
    Loans not secured by real estate $42,880
    Loans secured by real estate to non-U.S. addressees $5,286
    Restructured Loans & leases $8,319
    Non 1-4 family restructured loans & leases $4,404
    Total loans and leases (foreign) $0

    Busey Bank had $5,543,982,000 of loans outstanding in 2018. $4,253,351,000 of loans were in real estate loans. $312,278,000 of loans were in development loans. $449,883,000 of loans were in multifamily mortgage loans. $1,479,085,000 of loans were in 1-4 family mortgage loans. $53,364,000 of loans were in farm loans. $1,682,000 of loans were in credit card loans. $12,272,000 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 1,398 $385,385 $275,669
    Nonfarm, nonresidential loans - <$100k 216 $8,195 $37,940
    Nonfarm, nonresidential loans - $100-250k 387 $46,011 $118,891
    Nonfarm, nonresidential loans - $250k-1MM 795 $331,179 $416,577
    Commercial & Industrial, US addressed loans - <$1MM 2,024 $291,184 $143,866
    Commercial & Industrial, US addressed loans - <$100k 953 $27,704 $29,070
    Commercial & Industrial, US addressed loans - $100-250k 472 $52,516 $111,263
    Commercial & Industrial, US addressed loans - $250k-1MM 599 $210,964 $352,194
    Farmland loans - <$1MM 144 $23,914 $166,069
    Farmland loans - <$100k 31 $1,414 $45,613
    Farmland loans - $100-250k 62 $8,142 $131,323
    Farmland loans - $250k-1MM 51 $14,358 $281,529
    Agriculture operations loans - <$1MM 160 $19,121 $119,506
    Agriculture operations loans - <$100k 72 $2,128 $29,556
    Agriculture operations loans - $100-250k 49 $6,280 $128,163
    Agriculture operations loans - $250k-1MM 39 $10,713 $274,692