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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    • Review & Overview

    Busey Bank is a small bank specializing in Home Purchase and Refi loans. Busey Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Chicago, St. Louis, Champaign, Bloomington, and Indianapolis among others. We have data for 124 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

    4,908

    Origination Dollar Volume (All Markets)

    $1,149,630,000

    Employee count

    1,485 Show all (29) 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
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1,186 $311,740,000 $262,850 $3,699 4.60%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 1,015 $247,525,000 $243,867 $3,222 4.28%
    CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 883 $204,165,000 $231,217 $1,817 4.56%
    BLOOMINGTON, IL (FHA|USDA|VA) 441 $80,255,000 $181,984 $2,107 4.41%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 258 $61,560,000 $238,605 $3,118 4.29%
    PEORIA, IL (FHA|USDA|VA) 348 $50,540,000 $145,230 $1,960 4.74%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 72 $20,820,000 $289,167 $3,614 4.35%
    TUCSON, AZ (FHA|USDA|VA) 5 $18,965,000 $3,793,000 $2,240 4.27%
    Outside of Metro Areas 151 $17,745,000 $117,517 $2,289 4.51%
    DECATUR, IL (FHA|USDA|VA) 181 $16,045,000 $88,646 $2,296 4.55%
    OWENSBORO, KY (FHA|USDA|VA) 1 $13,435,000 $13,435,000 $0 4.63%
    West Plains, MO (FHA|USDA|VA) 1 $9,225,000 $9,225,000 $0 5.14%
    Marion, IN (FHA|USDA|VA) 1 $6,485,000 $6,485,000 $0 5.08%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 13 $4,695,000 $361,154 $4,325 4.61%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 12 $4,350,000 $362,500 $3,410 4.15%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 4 $4,190,000 $1,047,500 $4,807 3.56%
    Ottawa, IL (FHA|USDA|VA) 24 $4,050,000 $168,750 $3,230 4.16%
    ANN ARBOR, MI (FHA|USDA|VA) 2 $3,680,000 $1,840,000 $3,185 3.94%
    Pontiac, IL (FHA|USDA|VA) 42 $3,570,000 $85,000 $2,260 4.87%
    PUNTA GORDA, FL (FHA|USDA|VA) 16 $3,090,000 $193,125 $3,233 5.09%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 22 $2,970,000 $135,000 $2,864 4.83%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 2 $2,860,000 $1,430,000 $4,738 3.93%
    Key West, FL (FHA|USDA|VA) 3 $2,715,000 $905,000 $6,533 3.54%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 9 $2,675,000 $297,222 $3,571 4.29%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 5 $2,305,000 $461,000 $4,895 3.93%
    NILES, MI (FHA|USDA|VA) 4 $1,940,000 $485,000 $3,492 4.31%
    DANVILLE, IL (FHA|USDA|VA) 17 $1,645,000 $96,765 $1,977 4.46%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 3 $1,595,000 $531,667 $10,483 3.71%
    KANKAKEE, IL (FHA|USDA|VA) 12 $1,460,000 $121,667 $3,553 4.78%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 3 $1,355,000 $451,667 $3,063 3.67%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 5 $1,315,000 $263,000 $2,779 4.05%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 4 $1,300,000 $325,000 $2,080 4.28%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 5 $1,295,000 $259,000 $2,885 4.63%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 5 $1,275,000 $255,000 $3,816 4.15%
    ROCKFORD, IL (FHA|USDA|VA) 3 $1,265,000 $421,667 $2,838 4.38%
    SPRINGFIELD, IL (FHA|USDA|VA) 7 $1,175,000 $167,857 $2,136 3.95%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 3 $1,135,000 $378,333 $3,630 3.71%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $1,125,000 $1,125,000 $2,237 4.25%
    Sedalia, MO (FHA|USDA|VA) 2 $1,120,000 $560,000 $0 4.25%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 2 $1,070,000 $535,000 $3,004 3.94%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $1,015,000 $1,015,000 $9,092 3.99%
    BLOOMINGTON, IN (FHA|USDA|VA) 5 $985,000 $197,000 $4,189 4.03%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 3 $875,000 $291,667 $0 5.38%
    JACKSONVILLE, FL (FHA|USDA|VA) 3 $865,000 $288,333 $4,947 4.00%
    MUSKEGON, MI (FHA|USDA|VA) 3 $855,000 $285,000 $2,562 4.58%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 6 $850,000 $141,667 $2,467 4.75%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $805,000 $805,000 $5,267 2.99%
    Heber, UT (FHA|USDA|VA) 1 $705,000 $705,000 $3,073 3.63%
    Glenwood Springs, CO (FHA|USDA|VA) 1 $695,000 $695,000 $3,865 3.75%
    Sevierville, TN (FHA|USDA|VA) 2 $670,000 $335,000 $3,768 4.69%
    Charleston-Mattoon, IL (FHA|USDA|VA) 7 $665,000 $95,000 $2,459 4.45%
    Warsaw, IN (FHA|USDA|VA) 1 $625,000 $625,000 $2,664 3.75%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 2 $600,000 $300,000 $4,200 4.25%
    Dixon, IL (FHA|USDA|VA) 2 $590,000 $295,000 $2,221 4.50%
    COLUMBIA, MO (FHA|USDA|VA) 2 $580,000 $290,000 $5,011 3.50%
    Effingham, IL (FHA|USDA|VA) 3 $565,000 $188,333 $1,873 3.71%
    COLUMBUS, IN (FHA|USDA|VA) 2 $520,000 $260,000 $4,231 3.50%
    LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 3 $495,000 $165,000 $2,450 5.04%
    EVANSVILLE, IN-KY (FHA|USDA|VA) 2 $450,000 $225,000 $2,335 4.00%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $435,000 $435,000 $3,467 3.75%
    Galesburg, IL (FHA|USDA|VA) 3 $425,000 $141,667 $3,186 3.96%
    Farmington, MO (FHA|USDA|VA) 2 $410,000 $205,000 $1,401 4.88%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 2 $410,000 $205,000 $4,287 3.38%
    DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 3 $405,000 $135,000 $2,006 3.88%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $405,000 $405,000 $4,218 3.88%
    WICHITA, KS (FHA|USDA|VA) 1 $405,000 $405,000 $3,387 3.63%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $400,000 $200,000 $3,697 4.06%
    Lincoln, IL (FHA|USDA|VA) 4 $390,000 $97,500 $2,156 3.84%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $385,000 $385,000 $2,949 3.50%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $385,000 $385,000 $6,031 4.63%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $375,000 $375,000 $2,138 3.38%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $375,000 $375,000 $2,299 3.50%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $365,000 $365,000 $3,457 3.88%
    SANTA FE, NM (FHA|USDA|VA) 1 $355,000 $355,000 $3,520 4.00%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $355,000 $355,000 $3,427 4.99%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $350,000 $175,000 $4,743 4.00%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $345,000 $345,000 $3,150 4.13%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $335,000 $335,000 $0 4.75%
    Brainerd, MN (FHA|USDA|VA) 1 $335,000 $335,000 $2,673 3.00%
    SALISBURY, MD-DE (FHA|USDA|VA) 1 $325,000 $325,000 $5,856 4.63%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $325,000 $325,000 $3,393 4.75%
    Centralia, IL (FHA|USDA|VA) 3 $315,000 $105,000 $1,692 4.25%
    SALT LAKE CITY, UT (FHA|USDA|VA) 1 $315,000 $315,000 $3,082 3.75%
    SEBRING-AVON PARK, FL (FHA|USDA|VA) 2 $310,000 $155,000 $2,859 4.31%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 2 $310,000 $155,000 $0 4.38%
    SHEBOYGAN, WI (FHA|USDA|VA) 1 $305,000 $305,000 $7,897 4.00%
    Iron Mountain, MI-WI (FHA|USDA|VA) 1 $305,000 $305,000 $0 6.50%
    Greensburg, IN (FHA|USDA|VA) 1 $295,000 $295,000 $2,580 3.88%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $285,000 $285,000 $2,760 3.75%
    SAVANNAH, GA (FHA|USDA|VA) 1 $285,000 $285,000 $3,731 4.50%
    Edwards, CO (FHA|USDA|VA) 1 $255,000 $255,000 $0 6.00%
    RICHMOND, VA (FHA|USDA|VA) 1 $255,000 $255,000 $13,097 3.00%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $245,000 $245,000 $2,470 4.50%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $245,000 $245,000 $3,650 4.00%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $235,000 $235,000 $2,386 4.13%
    MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 2 $230,000 $115,000 $2,603 4.31%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $205,000 $205,000 $3,242 3.88%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 1 $195,000 $195,000 $0 4.50%
    Clewiston, FL (FHA|USDA|VA) 1 $195,000 $195,000 $3,147 4.63%
    COLUMBUS, OH (FHA|USDA|VA) 1 $185,000 $185,000 $3,276 4.63%
    KNOXVILLE, TN (FHA|USDA|VA) 1 $185,000 $185,000 $3,185 4.50%
    Sturgis, MI (FHA|USDA|VA) 1 $185,000 $185,000 $2,488 4.38%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 2 $180,000 $90,000 $2,348 3.63%
    JEFFERSON CITY, MO (FHA|USDA|VA) 1 $175,000 $175,000 $4,014 3.63%
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 1 $175,000 $175,000 $2,995 3.75%
    NEW BERN, NC (FHA|USDA|VA) 1 $175,000 $175,000 $3,005 3.88%
    SAGINAW, MI (FHA|USDA|VA) 1 $165,000 $165,000 $2,336 3.88%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $165,000 $165,000 $2,519 4.00%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 1 $155,000 $155,000 $2,335 3.63%
    Taylorville, IL (FHA|USDA|VA) 3 $155,000 $51,667 $2,893 4.54%
    ELKHART-GOSHEN, IN (FHA|USDA|VA) 1 $145,000 $145,000 $2,303 3.00%
    THE VILLAGES, FL (FHA|USDA|VA) 1 $145,000 $145,000 $1,689 4.88%
    Mount Vernon, IL (FHA|USDA|VA) 1 $145,000 $145,000 $2,422 4.50%
    Bedford, IN (FHA|USDA|VA) 1 $145,000 $145,000 $0 6.75%
    New Castle, IN (FHA|USDA|VA) 1 $135,000 $135,000 $3,444 4.13%
    Madison, IN (FHA|USDA|VA) 2 $130,000 $65,000 $3,751 4.88%
    CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 1 $125,000 $125,000 $5,315 4.50%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $105,000 $105,000 $2,575 4.13%
    Sterling, IL (FHA|USDA|VA) 1 $95,000 $95,000 $3,148 3.63%
    TULSA, OK (FHA|USDA|VA) 1 $95,000 $95,000 $2,989 4.50%
    Arcadia, FL (FHA|USDA|VA) 1 $75,000 $75,000 $2,419 4.38%
    WINSTON-SALEM, NC (FHA|USDA|VA) 1 $75,000 $75,000 $1,753 4.13%
    SPRINGFIELD, MO (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.25%
    Freeport, IL (FHA|USDA|VA) 1 $45,000 $45,000 $3,056 4.38%
    Busey Bank's top markets include Chicago, St. Louis, 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.

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 3,393 $945,875,000 $278,772 $2,409 4.06%
    HELOC 1,027 $110,595,000 $107,687 n/a 6.10%
    FHA 293 $54,075,000 $184,556 $6,197 4.05%
    VA 131 $31,495,000 $240,420 $4,935 3.72%
    USDA 64 $7,590,000 $118,594 $3,339 3.83%

    For 2019, Busey Bank's most frequently originated type of loan was Conventional, with 3,393 originations. Their 2nd most popular type was HELOC, with 1,027 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 2,291 $538,515,000 $235,057 $3,409 4.13%
    Refi 1,405 $447,925,000 $318,808 $1,977 4.38%
    Other 500 $39,630,000 $79,260 $724 6.14%
    Cash Out Refi 496 $109,880,000 $221,532 $2,224 3.95%
    Home Improvement 216 $13,680,000 $63,333 $845 6.14%

    For 2019, Busey Bank's most frequently cited loan purpose was Home Purchase, with 2,291 originations. The 2nd most popular reason was Refi, with 1,405 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,778 $629,200,000 $226,494 $3,096 4.06%
    20 Year 892 $85,040,000 $95,336 $1,936 5.85%
    15 Year 579 $101,475,000 $175,259 $1,949 3.53%
    Other 297 $94,575,000 $318,434 $1,578 5.76%
    5 Year 183 $151,625,000 $828,552 $0 5.00%
    10 Year 80 $26,540,000 $331,750 $1,790 3.90%
    1 Year 51 $29,335,000 $575,196 $0 5.63%
    30+ year 41 $23,195,000 $565,732 $5,258 4.58%
    3 Year 7 $8,645,000 $1,235,000 $0 5.15%

    For 2019, Busey Bank's most frequently cited loan duration was 30 Year, with 2,778 originations. The 2nd most popular length was 20 Year, with 892 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 2,234 $439,020,000 $196,517
    $1k-2k 1,133 $311,575,000 $275,000
    $2k-3k 44 $11,110,000 $252,500
    $3k-4k 8 $2,220,000 $277,500
    $5k+ 7 $3,125,000 $446,429
    $4k-5k 3 $1,365,000 $455,000

    Busey Bank's average total fees were $3,096, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2,234 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 2,173 $613,565,000 $282,358
    4-5% 1,318 $347,760,000 $263,854
    5-6% 700 $119,510,000 $170,729
    6-7% 473 $32,825,000 $69,397
    2.5-3% 140 $31,120,000 $222,286
    7-8% 61 $3,215,000 $52,705
    Over 8% 24 $610,000 $25,417
    <2.5% 8 $960,000 $120,000

    During 2019, Busey Bank's average interest rate for loans was 4.06%, while their most frequently originated rate bucket for loans was 3-4%, with 2,173 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 1,617 $234,735,000 $145,167 $2,707 4.25%
    $100,000 or less 1,451 $79,015,000 $54,456 $1,960 5.31%
    $200k-400k 1,406 $383,870,000 $273,023 $3,160 4.01%
    $400k-600k 262 $122,460,000 $467,405 $3,350 4.07%
    $600k-1MM 93 $68,915,000 $741,022 $4,127 4.09%
    $1MM+ 79 $260,635,000 $3,299,177 $5,976 4.22%

    2019 saw Busey Bank place emphasis on $100k-200k loans with 1,617 originations, totaling $234,735,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,016 $200,670,000 $197,510 $2,820 4.46%
    $50k-75k 1,005 $138,985,000 $138,294 $2,942 4.36%
    $75k-100k 777 $127,905,000 $164,614 $2,915 4.55%
    $50k or less 738 $70,480,000 $95,501 $2,576 4.50%
    $150k-250k 676 $169,700,000 $251,036 $2,767 4.51%
    $250k+ 364 $157,550,000 $432,830 $3,329 4.31%

    Busey Bank lent most frequently to those with incomes in the $100k-150k range, with 1,016 originations. The second most popular income band? $50k-75k, with 1,005 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,163 $207,225,000 $178,181 $2,465 4.52%
    30-36% 868 $154,780,000 $178,318 $2,647 4.43%
    <20% 482 $86,230,000 $178,900 $2,246 4.61%
    42% 215 $40,225,000 $187,093 $3,002 4.72%
    40% 188 $35,620,000 $189,468 $3,312 4.56%
    37% 183 $38,525,000 $210,519 $3,002 4.43%
    39% 183 $39,335,000 $214,945 $3,066 4.44%
    41% 180 $38,270,000 $212,611 $3,061 4.47%
    36% 171 $30,735,000 $179,737 $2,852 4.54%
    38% 167 $28,895,000 $173,024 $2,856 4.58%
    44% 159 $31,005,000 $195,000 $3,205 4.24%
    43% 139 $25,635,000 $184,424 $3,032 4.36%
    45% 106 $22,860,000 $215,660 $2,698 4.17%
    50-60% 105 $25,615,000 $243,952 $6,005 4.18%
    46% 91 $18,945,000 $208,187 $3,077 3.97%
    49% 91 $19,865,000 $218,297 $3,413 4.20%
    47% 79 $15,545,000 $196,772 $3,107 4.10%
    48% 69 $14,375,000 $208,333 $3,107 3.93%
    >60% 50 $13,720,000 $274,400 $2,440 4.57%

    Busey Bank lent most frequently to those with DTI ratios of 20-30%, with 1,163 originations. The next most common DTI ratio? 30-36%, with 868 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 4,180 $785,100,000 $187,823 $2,801 4.47%
    Not applicable 212 $263,240,000 $1,241,698 $0 5.00%
    Asian 149 $36,775,000 $246,812 $2,702 4.18%
    Black 180 $31,570,000 $175,389 $3,840 4.29%
    Not provided 163 $28,925,000 $177,454 $2,899 4.57%
    American Indian 10 $1,340,000 $134,000 $3,413 4.14%
    Asian Indian 5 $1,095,000 $219,000 $2,819 4.18%
    Native Hawaiian or Islander 4 $960,000 $240,000 $2,453 4.25%
    Chinese 2 $240,000 $120,000 $2,234 3.44%
    Other Pacific Islander 1 $195,000 $195,000 $2,020 3.00%
    Other Asian 1 $135,000 $135,000 $1,853 3.13%
    Korean 1 $55,000 $55,000 $0 6.50%

    Approval Rates

    Total approvals of all applications
    93.73%

    Busey Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.54%

    Busey Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 4,908 $1,149,630,000 $234,236

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $3,405,000 $3,405,000
    Multifamily:Site-Built 111 $231,885,000 $2,089,054
    Single Family (1-4 Units):Manufactured 1 $55,000 $55,000
    Single Family (1-4 Units):Site-Built 4,795 $914,285,000 $190,675

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 515 $69,375,000 $134,709 $1,912 5.57%
    40-60% 462 $134,120,000 $290,303 $2,122 4.43%
    60-80% 1,453 $444,105,000 $305,647 $2,326 4.14%
    80-100% 1,962 $448,280,000 $228,481 $3,289 4.06%
    Over 100% 30 $11,360,000 $378,667 $8,668 3.95%
    Under 20% 472 $24,620,000 $52,161 $454 6.14%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    BOK FINANCIAL CORP Other type of mortgage Trouble during payment process 1 6.3%
    BOK FINANCIAL CORP VA mortgage Trouble during payment process 1 6.3%
    BOK FINANCIAL CORP Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 6.3%
    BOK FINANCIAL CORP Conventional home mortgage Closing on a mortgage 1 6.3%
    BOK FINANCIAL CORP Conventional home mortgage Trouble during payment process 5 31.3%
    BOK FINANCIAL CORP FHA mortgage Struggling to pay mortgage 2 12.5%
    BOK FINANCIAL CORP FHA mortgage Trouble during payment process 3 18.8%
    BOK FINANCIAL CORP Home equity loan or line of credit (HELOC) Closing on a mortgage 1 6.3%
    BOK FINANCIAL CORP Other type of mortgage Incorrect information on your report 1 6.3%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Busey Bank #10 Maryland Plaza Saint Louis, MO 63108 Full Service B&M $22,188
    Busey Bank 100 West University Avenue Champaign, IL 61820 Full Service B&M $916,791
    Busey Bank 104 North Main Street St. Joseph, IL 61873 Full Service B&M $50,087
    Busey Bank 1111 South Veterans Parkway Bloomington, IL 61701 Full Service B&M $71,308
    Busey Bank 115 North Third Street Fairbury, IL 61739 Full Service B&M $46,317
    Busey Bank 11550 N. Meridian Street, Suite 100, Fidelity Plaza - Tower One Carmel, IN 46032 Full Service B&M $69,971
    Busey Bank 118 Cole Street East Peoria, IL 61611 Full Service B&M $34,077
    Busey Bank 12300 Olive Boulevard Saint Louis, MO 63141 Full Service B&M $337,155
    Busey Bank 1231 East Grove Street Rantoul, IL 61866 Full Service B&M $34,348
    Busey Bank 128 Holden Street Tolono, IL 61880 Full Service B&M $59,092
    Busey Bank 130 N Water St Decatur, IL 62523 Full Service Cyber Office $10,551
    Busey Bank 130 North Water Street Decatur, IL 62525 Full Service B&M $271,212
    Busey Bank 130 Washington Street Braidwood, IL 60408 Full Service B&M $23,567
    Busey Bank 13901 S. Bell Road Homer Glen, IL 60491 Full Service B&M $60,293
    Busey Bank 140 West Center Street Paxton, IL 60957 Full Service B&M $25,720
    Busey Bank 1400-1406 West Garfield Avenue Bartonville, IL 61607 Full Service B&M $24,720
    Busey Bank 14150 S Route 30 Plainfield, IL 60544 Full Service B&M $75,576
    Busey Bank 14446 Clayton Road Ballwin, MO 63011 Full Service B&M $58,130
    Busey Bank 14803 Tamiami Trail North Port, FL 34287 Full Service B&M $46,339
    Busey Bank 1490 Tamiami Trl Port Charlotte, FL 33948 Full Service B&M $23,507
    Busey Bank 1700 O'fallon Rd. Saint Charles, MO 63304 Full Service B&M $45,254
    Busey Bank 175 Carondelet Plz Clayton, MO 63105 Full Service B&M $80,451
    Busey Bank 17701 Edison Avenue, Suite 100 Chesterfield, MO 63005 Full Service B&M $91,474
    Busey Bank 1928 Zumbehl Road Saint Charles, MO 63303 Full Service B&M $46,213
    Busey Bank 2 Saint Claire Court Washington, IL 61571 Full Service B&M $35,810
    Busey Bank 200 West Main Street Shelbyville, IL 62565 Full Service B&M $67,024
    Busey Bank 201 West College Avenue Normal, IL 61761 Full Service B&M $28,831
    Busey Bank 201 West Main Street Urbana, IL 61801 Full Service B&M $510,373
    Busey Bank 2011 West Springfield Avenue Champaign, IL 61820 Full Service B&M $59,625
    Busey Bank 2070 Mount Zion Road Decatur, IL 62521 Full Service B&M $46,863
    Busey Bank 2101 N Veterans Pkwy Bloomington, IL 61704 Full Service Cyber Office $14,901
    Busey Bank 2101 North Veterans Parkway Bloomington, IL 61704 Full Service B&M $177,720
    Busey Bank 2119 S.W. Adams Street Peoria, IL 61602 Full Service B&M $124,274
    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 $27,433
    Busey Bank 24 West Gartner Street, Suite 104 Naperville, IL 60540 Full Service B&M $92,934
    Busey Bank 2421-2427 West Rohmann Avenue Peoria, IL 61604 Full Service B&M $35,385
    Busey Bank 2505 North Water Street Decatur, IL 62526 Full Service B&M $86,155
    Busey Bank 2524 South Del Prado Boulevard Cape Coral, FL 33904 Full Service B&M $55,963
    Busey Bank 25407 Bell Road Channahon, IL 60410 Full Service B&M $58,513
    Busey Bank 2710 South Philo Road Urbana, IL 61801 Full Service B&M $127,037
    Busey Bank 2801 Black Road Joliet, IL 60435 Full Service B&M $270,220
    Busey Bank 2815 Tamiami Trail Punta Gorda, FL 33950 Full Service B&M $24,644
    Busey Bank 3002 West Windsor Road Champaign, IL 61821 Full Service B&M $98,110
    Busey Bank 301 East Cedar Street Le Roy, IL 61752 Full Service B&M $90,428
    Busey Bank 312 East Main Street Mahomet, IL 61853 Full Service B&M $102,289
    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 $43,359
    Busey Bank 33 South 4th Street Pekin, IL 61554 Full Service B&M $85,419
    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 $22,076
    Busey Bank 402 North Sangamon Avenue Gibson City, IL 60936 Full Service B&M $31,171
    Busey Bank 4100 West Willow Knolls Road Peoria, IL 61615 Full Service B&M $52,888
    Busey Bank 414 1/2 Hamilton Boulevard Peoria, IL 61602 Limited, Drive-thru $63,256
    Busey Bank 415 De Baliviere Ave Saint Louis, MO 63112 Full Service B&M $32,357
    Busey Bank 4226 Bayless Ave Saint Louis, MO 63123 Full Service B&M $94,129
    Busey Bank 4520 North Sheridan Road Peoria, IL 61614 Full Service B&M $108,830
    Busey Bank 606 Depot Street Mazon, IL 60444 Full Service B&M $30,795
    Busey Bank 614 South Sixth Street Champaign, IL 61820 Full Service B&M $43,807
    Busey Bank 6510 Clayton Road Richmond Heights, MO 63117 Full Service B&M $46,159
    Busey Bank 6699 N Sheridan Rd Peoria, IL 61614 Full Service Cyber Office $6,415
    Busey Bank 7020 County Line Road Burr Ridge, IL 60527 Full Service B&M $217,774
    Busey Bank 7980 Summerlin Lakes Drive Fort Myers, FL 33907 Full Service Cyber Office $4,197
    Busey Bank 7980 Summerlin Lakes Drive Fort Myers, FL 33907 Full Service B&M $134,338
    Busey Bank 8008 North Lindbergh Hazelwood, MO 63042 Full Service B&M $46,469
    Busey Bank 8919 North Knoxville Avenue Peoria, IL 61615 Full Service B&M $51,741
    Busey Bank 900 Olive Street Saint Louis, MO 63101 Full Service B&M $92,199
    Busey Bank 909 West Kirby Street Champaign, IL 61821 Full Service B&M $270,190
    Busey Bank 917 North Fourth Street Chillicothe, IL 61523 Full Service B&M $40,806
    Busey Bank Busey.Com Champaign, IL 61820 Full Service Cyber Office $81,325

    For 2019, Busey Bank had 70 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $356,914
    Net interest income $297,054
    Total noninterest income $117,461
    Gross Fiduciary activities income $33,929
    Service charges on deposit accounts $18,866
    Trading account gains and fees $0
    Additional Noninterest Income $64,666
    Pre-tax net operating income $157,736
    Securities gains (or losses, -) $741
    Income before extraordinary items $121,604
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $121,604
    Minority interest net income $0
    Net income $121,604
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $121,018

    Busey Bank's gross interest income from loans was $356,914,000.
    Busey Bank's net interest income from loans was $297,054,000.
    Busey Bank's fee based income from loans was $18,866,000.
    Busey Bank's net income from loans was $121,604,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $59,860
    Provision for credit losses $10,406
    Total noninterest expense $246,373
    Salaries and employee benefits $125,185
    Premises and equipment expense $29,599
    Additional noninterest expense $91,589
    Applicable income taxes $36,873
    Net charge-offs $7,305
    Cash dividends $70,000

    Busey Bank's interest expense for loans was $59,860,000.
    Busey Bank's payroll and benefits expense were $125,185,000.
    Busey Bank's property, plant and equipment expenses $29,599,000.

    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 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 $7,918,756
    Deposits held in domestic offices $7,918,756
    Deposits by Individuals, partnerships, and corporations $6,953,313
    Deposits by U.S. Government $13
    Deposits by States and political subdivisions in the U.S. $951,298
    Deposits by Commercial banks and other depository institutions in U.S. $14,132
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $1,152,149
    Demand deposits $1,152,149
    Nontransaction accounts $6,766,607
    Money market deposit accounts (MMDAs) $4,481,945
    Other savings deposits (excluding MMDAs) $749,813
    Total time deposits $1,534,849
    Total time and savings deposits $6,766,607
    Noninterest-bearing deposits $1,837,824
    Interest-bearing deposits $6,080,932
    Retail deposits $7,608,302
    IRAs and Keogh plan accounts $221,150
    Brokered deposits $18,012
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $9,679,115
    Cash & Balances due from depository institutions $526,927
    Interest-bearing balances $390,992
    Total securities $1,648,284
    Federal funds sold & reverse repurchase $0
    Net loans and leases $6,703,212
    Loan and leases loss allowance $53,748
    Trading account assets $0
    Bank premises and fixed assets $160,689
    Other real estate owned $3,056
    Goodwill and other intangibles $386,525
    All other assets $250,422

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $9,679,115
    Total Liabilities $8,261,174
    Total deposits $7,918,756
    Interest-bearing deposits $6,080,932
    Deposits held in domestic offices $7,918,756
    % insured (estimated) $82
    Federal funds purchased and repurchase agreements $205,491
    Trading liabilities $0
    Other borrowed funds $47,703
    Subordinated debt $0
    All other liabilities $89,224

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $6,703,212
    Loan and leases loss allowance $53,748
    Total loans and leases (domestic) $6,756,960
    All real estate loans $5,089,500
    Real estate loans in domestic offices $5,089,500
    Construction and development loans $425,027
    Residential 1-4 family construction $39,449
    Other construction, all land development and other land $385,578
    Loans secured by nonfarm nonresidential properties $2,267,679
    Nonfarm nonresidential secured by owner-occupied properties $901,343
    Commercial real estate & other non-farm, non-residential $1,366,336
    Multifamily residential real estate $526,123
    1-4 family residential loans $1,739,181
    Farmland loans $131,490
    Loans held in foreign offices $0
    Farm loans $50,800
    Commercial and industrial loans $1,207,895
    To non-U.S. addressees $0
    Loans to individuals $49,754
    Credit card loans $1,434
    Related Plans $10,759
    Consumer Auto Loans $28,706
    Other loans to individuals $8,855
    All other loans & leases $359,011
    Loans to foreign governments and official institutions $0
    Other loans $107,520
    Loans to depository institutions and acceptances of other banks $1,439
    Loans not secured by real estate $38,205
    Loans secured by real estate to non-U.S. addressees $11,591
    Restructured Loans & leases $5,005
    Non 1-4 family restructured loans & leases $1,464
    Total loans and leases (foreign) $0

    Busey Bank had $6,703,212,000 of loans outstanding in 2019. $5,089,500,000 of loans were in real estate loans. $425,027,000 of loans were in development loans. $526,123,000 of loans were in multifamily mortgage loans. $1,739,181,000 of loans were in 1-4 family mortgage loans. $50,800,000 of loans were in farm loans. $1,434,000 of loans were in credit card loans. $28,706,000 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 1,970 $477,784 $242,530
    Nonfarm, nonresidential loans - <$100k 321 $12,360 $38,505
    Nonfarm, nonresidential loans - $100-250k 536 $59,344 $110,716
    Nonfarm, nonresidential loans - $250k-1MM 1,113 $406,080 $364,852
    Commercial & Industrial, US addressed loans - <$1MM 3,249 $365,477 $112,489
    Commercial & Industrial, US addressed loans - <$100k 1,536 $34,643 $22,554
    Commercial & Industrial, US addressed loans - $100-250k 727 $63,103 $86,799
    Commercial & Industrial, US addressed loans - $250k-1MM 986 $267,731 $271,532
    Farmland loans - <$1MM 198 $28,936 $146,141
    Farmland loans - <$100k 51 $2,773 $54,373
    Farmland loans - $100-250k 81 $9,661 $119,272
    Farmland loans - $250k-1MM 66 $16,502 $250,030
    Agriculture operations loans - <$1MM 153 $10,008 $65,412
    Agriculture operations loans - <$100k 95 $2,978 $31,347
    Agriculture operations loans - $100-250k 58 $7,030 $121,207