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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  • Loan Length
  • Loan to Value Info
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  • Applicant Income
  • Ethnicity Info
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  • Origination Fees (Closing Costs)

    • Bank Data

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  • Deposit Mix
  • Loan Performance
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    • Review & Overview

    Busey Bank is a small bank specializing in Refi and Home Purchase 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: St. Louis, Chicago, Champaign, Bloomington, and Indianapolis among others. We have data for 126 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% 12/29/24
    30 Year Conventional Purchase 6.48% 12/29/24
    30 Year Conventional Refi 6.48% 12/29/24
    30 Year Cash-out Refi 6.38% 12/29/24
    30 Year FHA Purchase 7.41% 12/29/24
    30 Year FHA Refi 6.84% 12/29/24
    30 Year VA Purchase 6.37% 12/29/24
    30 Year USDA Purchase 6.95% 12/29/24
    15 Year Conventional Purchase 5.58% 12/29/24
    15 Year Conventional Refi 5.82% 12/29/24
    15 Year Cash-out Refi 5.82% 12/29/24
    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

    6,518

    Origination Dollar Volume (All Markets)

    $1,561,820,000

    Employee count

    1,300 Show all (24) 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) 2,064 $479,150,000 $232,146 $2,475 3.51%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 989 $294,255,000 $297,528 $3,098 3.61%
    CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 1,107 $227,385,000 $205,407 $1,771 3.36%
    BLOOMINGTON, IL (FHA|USDA|VA) 595 $105,565,000 $177,420 $1,939 3.28%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 298 $70,980,000 $238,188 $2,705 3.64%
    PEORIA, IL (FHA|USDA|VA) 462 $65,820,000 $142,468 $1,840 3.48%
    LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 5 $52,795,000 $10,559,000 $3,231 2.88%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 173 $40,415,000 $233,613 $3,349 3.43%
    Outside of Metro Areas 209 $37,075,000 $177,392 $2,183 3.44%
    GRAND FORKS, ND-MN (FHA|USDA|VA) 1 $23,505,000 $23,505,000 $0 2.20%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 16 $20,950,000 $1,309,375 $3,269 3.30%
    DECATUR, IL (FHA|USDA|VA) 168 $18,400,000 $109,524 $2,157 3.37%
    BLOOMINGTON, IN (FHA|USDA|VA) 2 $10,260,000 $5,130,000 $2,419 4.09%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 17 $8,495,000 $499,706 $4,288 3.17%
    EVANSVILLE, IN-KY (FHA|USDA|VA) 3 $7,905,000 $2,635,000 $2,465 3.01%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 26 $7,480,000 $287,692 $2,270 3.07%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 32 $7,050,000 $220,313 $3,485 3.46%
    Pontiac, IL (FHA|USDA|VA) 42 $6,080,000 $144,762 $1,700 3.15%
    PUNTA GORDA, FL (FHA|USDA|VA) 30 $5,150,000 $171,667 $3,078 3.61%
    Ottawa, IL (FHA|USDA|VA) 25 $4,255,000 $170,200 $3,500 3.60%
    KOKOMO, IN (FHA|USDA|VA) 1 $3,885,000 $3,885,000 $0 2.48%
    Edwards, CO (FHA|USDA|VA) 3 $2,975,000 $991,667 $0 4.17%
    DANVILLE, IL (FHA|USDA|VA) 27 $2,585,000 $95,741 $2,282 3.54%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 2 $2,320,000 $1,160,000 $4,844 2.88%
    Farmington, MO (FHA|USDA|VA) 2 $2,030,000 $1,015,000 $0 4.30%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 8 $2,000,000 $250,000 $2,975 3.02%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 5 $1,565,000 $313,000 $3,410 3.13%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $1,510,000 $755,000 $11,494 3.19%
    NILES, MI (FHA|USDA|VA) 1 $1,485,000 $1,485,000 $5,209 3.50%
    Galesburg, IL (FHA|USDA|VA) 9 $1,475,000 $163,889 $1,796 3.13%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 4 $1,390,000 $347,500 $3,015 3.19%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 4 $1,370,000 $342,500 $3,187 3.19%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 3 $1,295,000 $431,667 $2,657 3.29%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 4 $1,240,000 $310,000 $3,091 3.59%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 3 $1,235,000 $411,667 $3,406 2.71%
    SPRINGFIELD, IL (FHA|USDA|VA) 6 $1,210,000 $201,667 $1,877 3.08%
    LOUISVILLE, KY (FHA|USDA|VA) 4 $1,170,000 $292,500 $2,609 3.62%
    Centralia, IL (FHA|USDA|VA) 9 $1,165,000 $129,444 $2,135 3.54%
    KANKAKEE, IL (FHA|USDA|VA) 9 $1,095,000 $121,667 $2,585 3.65%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 3 $1,085,000 $361,667 $5,945 2.67%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 2 $1,010,000 $505,000 $3,872 3.19%
    SANTA FE, NM (FHA|USDA|VA) 2 $980,000 $490,000 $3,875 2.81%
    DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 2 $960,000 $480,000 $1,979 3.44%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 2 $880,000 $440,000 $3,543 3.19%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $875,000 $875,000 $3,001 3.13%
    JACKSONVILLE, FL (FHA|USDA|VA) 3 $845,000 $281,667 $3,848 3.21%
    MADISON, WI (FHA|USDA|VA) 3 $835,000 $278,333 $2,523 4.00%
    WICHITA, KS (FHA|USDA|VA) 2 $800,000 $400,000 $2,718 3.44%
    Whitewater, WI (FHA|USDA|VA) 2 $790,000 $395,000 $3,162 3.38%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $770,000 $385,000 $3,110 2.88%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 2 $760,000 $380,000 $1,587 4.06%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 5 $755,000 $151,000 $2,367 3.25%
    Taylorville, IL (FHA|USDA|VA) 7 $745,000 $106,429 $2,219 3.16%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 4 $730,000 $182,500 $4,756 3.31%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 6 $730,000 $121,667 $2,773 3.27%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 3 $705,000 $235,000 $3,498 3.21%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $670,000 $335,000 $5,067 3.50%
    COLUMBUS, OH (FHA|USDA|VA) 2 $630,000 $315,000 $3,329 3.13%
    Holland, MI (FHA|USDA|VA) 1 $605,000 $605,000 $3,348 3.38%
    Clewiston, FL (FHA|USDA|VA) 2 $600,000 $300,000 $4,956 4.99%
    LANSING-EAST LANSING, MI (FHA|USDA|VA) 2 $590,000 $295,000 $4,336 3.75%
    CARBONDALE-MARION, IL (FHA|USDA|VA) 4 $590,000 $147,500 $2,601 3.69%
    Charleston-Mattoon, IL (FHA|USDA|VA) 4 $580,000 $145,000 $1,417 3.75%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $565,000 $565,000 $5,447 3.38%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $515,000 $515,000 $3,997 3.38%
    RENO, NV (FHA|USDA|VA) 1 $515,000 $515,000 $3,405 3.25%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $495,000 $495,000 $4,080 2.50%
    SALISBURY, MD-DE (FHA|USDA|VA) 1 $485,000 $485,000 $0 5.38%
    Mount Vernon, IL (FHA|USDA|VA) 4 $480,000 $120,000 $1,969 3.94%
    COLUMBUS, GA-AL (FHA|USDA|VA) 1 $475,000 $475,000 $4,100 3.13%
    THE VILLAGES, FL (FHA|USDA|VA) 3 $455,000 $151,667 $2,600 3.21%
    GREELEY, CO (FHA|USDA|VA) 1 $445,000 $445,000 $2,533 3.00%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $435,000 $435,000 $2,031 3.13%
    PITTSBURGH, PA (FHA|USDA|VA) 2 $430,000 $215,000 $4,310 3.94%
    Breckenridge, CO (FHA|USDA|VA) 1 $415,000 $415,000 $2,791 2.75%
    Lincoln, IL (FHA|USDA|VA) 4 $390,000 $97,500 $1,910 3.68%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $385,000 $385,000 $2,850 3.50%
    Angola, IN (FHA|USDA|VA) 3 $375,000 $125,000 $2,410 3.83%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2 $370,000 $185,000 $3,353 3.00%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $365,000 $365,000 $2,452 4.00%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $355,000 $355,000 $0 5.75%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 2 $350,000 $175,000 $2,609 3.44%
    SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 2 $350,000 $175,000 $2,634 4.06%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $345,000 $345,000 $2,937 3.63%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $325,000 $325,000 $0 3.75%
    GAINESVILLE, FL (FHA|USDA|VA) 1 $305,000 $305,000 $3,833 3.00%
    HUNTSVILLE, AL (FHA|USDA|VA) 1 $305,000 $305,000 $3,451 3.00%
    Dixon, IL (FHA|USDA|VA) 1 $295,000 $295,000 $1,812 3.63%
    Norfolk, NE (FHA|USDA|VA) 1 $295,000 $295,000 $2,460 3.00%
    LINCOLN, NE (FHA|USDA|VA) 1 $295,000 $295,000 $5,691 2.88%
    GAINESVILLE, GA (FHA|USDA|VA) 1 $295,000 $295,000 $4,317 2.88%
    SAVANNAH, GA (FHA|USDA|VA) 1 $285,000 $285,000 $2,580 3.50%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 1 $285,000 $285,000 $1,853 3.12%
    RALEIGH-CARY, NC (FHA|USDA|VA) 1 $285,000 $285,000 $7,811 2.38%
    ANN ARBOR, MI (FHA|USDA|VA) 1 $275,000 $275,000 $2,629 3.13%
    Effingham, IL (FHA|USDA|VA) 3 $265,000 $88,333 $1,630 4.04%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $255,000 $255,000 $3,760 2.88%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $245,000 $245,000 $1,953 3.38%
    COLUMBIA, MO (FHA|USDA|VA) 1 $245,000 $245,000 $1,771 2.88%
    COLUMBUS, IN (FHA|USDA|VA) 1 $245,000 $245,000 $1,297 2.50%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $245,000 $245,000 $2,330 3.63%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $245,000 $245,000 $2,232 3.50%
    AUBURN-OPELIKA, AL (FHA|USDA|VA) 1 $225,000 $225,000 $2,127 2.75%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $215,000 $215,000 $1,493 3.00%
    MUNCIE, IN (FHA|USDA|VA) 2 $210,000 $105,000 $2,090 3.38%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $205,000 $205,000 $3,417 3.25%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $205,000 $205,000 $1,505 2.75%
    WINSTON-SALEM, NC (FHA|USDA|VA) 1 $185,000 $185,000 $2,309 3.00%
    Crawfordsville, IN (FHA|USDA|VA) 1 $175,000 $175,000 $2,195 3.13%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 1 $175,000 $175,000 $1,530 3.00%
    Somerset, KY (FHA|USDA|VA) 1 $175,000 $175,000 $6,025 3.25%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $165,000 $165,000 $1,881 3.75%
    KNOXVILLE, TN (FHA|USDA|VA) 1 $155,000 $155,000 $2,543 2.50%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $135,000 $135,000 $0 3.25%
    Washington, IN (FHA|USDA|VA) 1 $135,000 $135,000 $2,617 3.25%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $135,000 $135,000 $2,959 3.75%
    ALBUQUERQUE, NM (FHA|USDA|VA) 1 $125,000 $125,000 $2,287 3.38%
    Warsaw, IN (FHA|USDA|VA) 1 $115,000 $115,000 $2,467 3.38%
    MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 1 $105,000 $105,000 $2,672 2.50%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 1 $95,000 $95,000 $2,830 3.00%
    CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 1 $95,000 $95,000 $1,835 2.63%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $85,000 $85,000 $2,847 3.50%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $75,000 $75,000 $1,818 2.75%
    Marion, IN (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.00%
    JACKSONVILLE, NC (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.00%
    SPRINGFIELD, MO (FHA|USDA|VA) 1 $45,000 $45,000 $2,459 2.63%
    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)
  • North Dakota (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.

    Mid-Illini Credit Union
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    Azura Credit Union
    Similarity Rank: 380

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 5,107 $1,343,745,000 $263,118 $2,146 3.35%
    HELOC 1,019 $145,105,000 $142,399 n/a 4.25%
    FHA 194 $32,330,000 $166,649 $5,677 3.10%
    VA 127 $31,245,000 $246,024 $4,652 2.82%
    USDA 71 $9,395,000 $132,324 $3,653 2.87%

    For 2020, Busey Bank's most frequently originated type of loan was Conventional, with 5,107 originations. Their 2nd most popular type was HELOC, with 1,019 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 2,602 $760,910,000 $292,433 $1,753 3.44%
    Home Purchase 2,545 $600,135,000 $235,809 $3,028 3.26%
    Cash Out Refi 680 $136,760,000 $201,118 $2,001 3.37%
    Other 549 $51,135,000 $93,142 $572 4.39%
    Home Improvement 142 $12,880,000 $90,704 $579 4.41%

    For 2020, Busey Bank's most frequently cited loan purpose was Refi, with 2,602 originations. The 2nd most popular reason was Home Purchase, with 2,545 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 3,325 $735,195,000 $221,111 $2,674 3.34%
    20 Year 1,238 $146,940,000 $118,691 $1,832 4.06%
    15 Year 1,227 $213,735,000 $174,193 $1,770 2.97%
    5 Year 232 $123,960,000 $534,310 $356 4.17%
    Other 230 $151,840,000 $660,174 $1,664 3.93%
    10 Year 167 $59,845,000 $358,353 $1,660 2.94%
    30+ year 43 $19,275,000 $448,256 $4,799 4.45%
    1 Year 42 $79,810,000 $1,900,238 $0 3.99%
    3 Year 14 $31,220,000 $2,230,000 $0 4.61%

    For 2020, Busey Bank's most frequently cited loan duration was 30 Year, with 3,325 originations. The 2nd most popular length was 20 Year, with 1,238 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 3,833 $761,625,000 $198,702
    $1k-2k 990 $253,610,000 $256,172
    $2k-3k 66 $16,450,000 $249,242
    $3k-4k 10 $2,980,000 $298,000
    $5k+ 7 $3,135,000 $447,857
    $4k-5k 4 $1,260,000 $315,000

    Busey Bank's average total fees were $2,674, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 3,833 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 3,147 $783,545,000 $248,982
    2.5-3% 1,816 $459,010,000 $252,759
    4-5% 792 $112,000,000 $141,414
    <2.5% 433 $182,815,000 $422,206
    5-6% 238 $19,380,000 $81,429
    6-7% 51 $2,835,000 $55,588
    7-8% 11 $1,695,000 $154,091

    During 2020, Busey Bank's average interest rate for loans was 3.34%, while their most frequently originated rate bucket for loans was 3-4%, with 3,147 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 2,344 $339,490,000 $144,834 $2,158 3.36%
    $200k-400k 1,916 $524,530,000 $273,763 $2,633 3.21%
    $100,000 or less 1,726 $100,910,000 $58,465 $1,906 3.94%
    $400k-600k 363 $170,745,000 $470,372 $3,071 3.25%
    $1MM+ 89 $365,935,000 $4,111,629 $6,505 3.36%
    $600k-1MM 80 $60,210,000 $752,625 $3,472 3.53%

    2020 saw Busey Bank place emphasis on $100k-200k loans with 2,344 originations, totaling $339,490,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,393 $287,435,000 $206,342 $2,341 3.40%
    $50k-75k 1,185 $163,515,000 $137,987 $2,382 3.45%
    $75k-100k 972 $166,460,000 $171,255 $2,406 3.38%
    $50k or less 969 $93,665,000 $96,662 $2,340 3.56%
    $150k-250k 960 $236,470,000 $246,323 $2,365 3.47%
    $250k+ 505 $200,915,000 $397,851 $2,706 3.35%

    Busey Bank lent most frequently to those with incomes in the $100k-150k range, with 1,393 originations. The second most popular income band? $50k-75k, with 1,185 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,725 $328,145,000 $190,229 $2,156 3.38%
    30-36% 1,239 $236,335,000 $190,747 $2,399 3.45%
    <20% 891 $159,195,000 $178,670 $1,906 3.35%
    38% 228 $42,440,000 $186,140 $2,447 3.67%
    40% 228 $41,340,000 $181,316 $2,712 3.61%
    42% 217 $38,805,000 $178,825 $2,767 3.56%
    36% 215 $37,935,000 $176,442 $2,281 3.61%
    37% 192 $39,410,000 $205,260 $2,438 3.51%
    41% 186 $32,040,000 $172,258 $2,467 3.65%
    39% 184 $35,970,000 $195,489 $2,379 3.57%
    43% 166 $37,190,000 $224,036 $2,767 3.20%
    44% 164 $31,530,000 $192,256 $2,750 3.34%
    45% 116 $23,350,000 $201,293 $2,745 3.42%
    49% 111 $25,135,000 $226,441 $2,786 3.37%
    46% 79 $18,055,000 $228,544 $3,073 3.22%
    48% 70 $15,170,000 $216,714 $2,676 3.24%
    50-60% 69 $14,095,000 $204,275 $4,895 3.41%
    47% 68 $15,850,000 $233,088 $3,114 3.24%
    >60% 34 $11,580,000 $340,588 $2,548 4.59%

    Busey Bank lent most frequently to those with DTI ratios of 20-30%, with 1,725 originations. The next most common DTI ratio? 30-36%, with 1,239 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 5,371 $1,043,185,000 $194,225 $2,343 3.45%
    Not applicable 299 $354,835,000 $1,186,739 $0 4.04%
    Not provided 401 $75,655,000 $188,666 $2,419 3.31%
    Asian 177 $41,685,000 $235,508 $2,416 3.28%
    Black 227 $38,915,000 $171,432 $2,864 3.43%
    American Indian 18 $3,010,000 $167,222 $2,748 3.49%
    Asian Indian 14 $2,970,000 $212,143 $2,273 3.21%
    Other Asian 4 $660,000 $165,000 $3,426 2.97%
    Korean 1 $335,000 $335,000 $2,398 3.00%
    Native Hawaiian or Islander 2 $240,000 $120,000 $2,185 3.06%
    Chinese 2 $140,000 $70,000 $1,110 3.50%
    Other Pacific Islander 1 $105,000 $105,000 $4,165 3.75%
    Filipino 1 $85,000 $85,000 $0 4.88%

    Approval Rates

    Total approvals of all applications
    94.64%

    Busey Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    83.75%

    Busey Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 6,518 $1,561,820,000 $239,616

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $75,000 $75,000
    Multifamily:Site-Built 166 $317,630,000 $1,913,434
    Single Family (1-4 Units):Manufactured 4 $220,000 $55,000
    Single Family (1-4 Units):Site-Built 6,347 $1,243,895,000 $195,982

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 599 $98,405,000 $164,282 $1,972 3.87%
    40-60% 844 $236,810,000 $280,581 $1,916 3.33%
    60-80% 2,232 $678,780,000 $304,113 $2,047 3.34%
    80-100% 2,259 $494,585,000 $218,940 $2,767 3.31%
    Over 100% 24 $6,860,000 $285,833 $9,616 2.88%
    Under 20% 541 $37,815,000 $69,898 $864 4.40%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    BOK FINANCIAL CORP Conventional home mortgage Struggling to pay mortgage 1 3.7%
    BOK FINANCIAL CORP Conventional home mortgage Trouble during payment process 9 33.3%
    BOK FINANCIAL CORP FHA mortgage Closing on a mortgage 1 3.7%
    BOK FINANCIAL CORP FHA mortgage Struggling to pay mortgage 2 7.4%
    BOK FINANCIAL CORP Home equity loan or line of credit (HELOC) Trouble during payment process 2 7.4%
    BOK FINANCIAL CORP Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 3.7%
    BOK FINANCIAL CORP Other type of mortgage Closing on a mortgage 1 3.7%
    BOK FINANCIAL CORP VA mortgage Closing on a mortgage 2 7.4%
    BOK FINANCIAL CORP VA mortgage Struggling to pay mortgage 3 11.1%
    BOK FINANCIAL CORP VA mortgage Trouble during payment process 1 3.7%
    BOK FINANCIAL CORP Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 7.4%
    BOK FINANCIAL CORP Conventional home mortgage Closing on a mortgage 1 3.7%
    BOK FINANCIAL CORP Conventional home mortgage Incorrect information on your report 1 3.7%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Busey Bank 128 Holden Street Tolono, IL 61880 Full Service B&M $63,105
    Busey Bank #10 Maryland Plaza Saint Louis, MO 63108 Full Service B&M $26,178
    Busey Bank 100 Suppiger Lane Highland, IL 62249 Full Service B&M $78,136
    Busey Bank 100 West University Avenue Champaign, IL 61820 Full Service B&M $1,445,076
    Busey Bank 101 South Morrison Collinsville, IL 62234 Full Service B&M $60,875
    Busey Bank 102 East Bethalto Blvd Bethalto, IL 62010 Full Service B&M $33,131
    Busey Bank 104 North Main Street St. Joseph, IL 61873 Full Service B&M $53,333
    Busey Bank 1111 South Veterans Parkway Bloomington, IL 61701 Full Service B&M $76,112
    Busey Bank 115 North Third Street Fairbury, IL 61739 Full Service B&M $46,305
    Busey Bank 1153 Vaughn Road Wood River, IL 62095 Full Service B&M $52,018
    Busey Bank 11550 N. Meridian Street, Suite 100, Fidelity Plaza - Tower One Carmel, IN 46032 Full Service B&M $127,299
    Busey Bank 1177 N Green Mount Drive O Fallon, IL 62269 Full Service B&M $29,451
    Busey Bank 118 Cole Street East Peoria, IL 61611 Full Service B&M $29,161
    Busey Bank 12300 Olive Boulevard Saint Louis, MO 63141 Full Service B&M $468,204
    Busey Bank 1231 East Grove Street Rantoul, IL 61866 Full Service B&M $35,939
    Busey Bank 130 N Water St Decatur, IL 62523 Full Service Cyber Office $11,244
    Busey Bank 130 North Water Street Decatur, IL 62525 Full Service B&M $309,161
    Busey Bank 130 Washington Street Braidwood, IL 60408 Full Service B&M $26,707
    Busey Bank 13901 S. Bell Road Homer Glen, IL 60491 Full Service B&M $77,524
    Busey Bank 140 West Center Street Paxton, IL 60957 Full Service B&M $26,013
    Busey Bank 1400 Heritage Drive Morris, IL 60450 Full Service B&M $23,690
    Busey Bank 1400-1406 West Garfield Avenue Bartonville, IL 61607 Full Service B&M $24,192
    Busey Bank 14150 S Route 30 Plainfield, IL 60544 Full Service B&M $100,923
    Busey Bank 14446 Clayton Road Ballwin, MO 63011 Full Service B&M $53,703
    Busey Bank 14803 Tamiami Trail North Port, FL 34287 Full Service B&M $52,359
    Busey Bank 1490 Tamiami Trl Port Charlotte, FL 33948 Full Service B&M $31,455
    Busey Bank 1700 O'fallon Rd. Saint Charles, MO 63304 Full Service B&M $53,513
    Busey Bank 175 Carondelet Plz Clayton, MO 63105 Full Service B&M $144,378
    Busey Bank 17701 Edison Avenue, Suite 100 Chesterfield, MO 63005 Full Service B&M $148,096
    Busey Bank 1928 Zumbehl Road Saint Charles, MO 63303 Full Service B&M $43,597
    Busey Bank 2 Saint Claire Court Washington, IL 61571 Full Service B&M $33,620
    Busey Bank 200 West Main Street Shelbyville, IL 62565 Full Service B&M $68,225
    Busey Bank 2004 Troy Road Edwardsville, IL 62025 Full Service B&M $106,223
    Busey Bank 201 West College Avenue Normal, IL 61761 Full Service B&M $32,808
    Busey Bank 201 West Main Street Urbana, IL 61801 Full Service B&M $573,859
    Busey Bank 2011 West Springfield Avenue Champaign, IL 61820 Full Service B&M $67,385
    Busey Bank 2070 Mount Zion Road Decatur, IL 62521 Full Service B&M $49,968
    Busey Bank 2101 N Veterans Pkwy Bloomington, IL 61704 Full Service Cyber Office $16,185
    Busey Bank 2101 North Veterans Parkway Bloomington, IL 61704 Full Service B&M $250,215
    Busey Bank 2119 S.W. Adams Street Peoria, IL 61602 Full Service B&M $123,779
    Busey Bank 2119 Sw Adams Peoria, IL 61602 Limited, Mobile/Seasonal Office $0
    Busey Bank 2142 South State Route 157 Glen Carbon, IL 62034 Full Service B&M $103,732
    Busey Bank 2315 E. Division Street Diamond, IL 60416 Full Service B&M $62,814
    Busey Bank 24 West Gartner Street, Suite 104 Naperville, IL 60540 Full Service B&M $108,379
    Busey Bank 2421-2427 West Rohmann Avenue Peoria, IL 61604 Full Service B&M $36,689
    Busey Bank 2505 North Water Street Decatur, IL 62526 Full Service B&M $93,697
    Busey Bank 2524 South Del Prado Boulevard Cape Coral, FL 33904 Full Service B&M $66,988
    Busey Bank 25407 Bell Road Channahon, IL 60410 Full Service B&M $61,502
    Busey Bank 2710 South Philo Road Urbana, IL 61801 Full Service B&M $134,097
    Busey Bank 2801 Black Road Joliet, IL 60435 Full Service B&M $289,912
    Busey Bank 2815 Tamiami Trail Punta Gorda, FL 33950 Full Service B&M $24,660
    Busey Bank 2870 North 44th Street Fairmont City, IL 62201 Full Service B&M $3,898
    Busey Bank 3002 West Windsor Road Champaign, IL 61821 Full Service B&M $103,401
    Busey Bank 301 East Cedar Street Le Roy, IL 61752 Full Service B&M $101,154
    Busey Bank 312 East Main Street Mahomet, IL 61853 Full Service B&M $114,214
    Busey Bank 3200 Veterans Drive Pekin, IL 61554 Full Service B&M $42,700
    Busey Bank 33 South 4th Street Pekin, IL 61554 Full Service B&M $102,469
    Busey Bank 33 South Fourth Street Pekin, IL 61554 Limited, Mobile/Seasonal Office $0
    Busey Bank 330 W Vandalia St Edwardsville, IL 62025 Full Service Cyber Office $2,656
    Busey Bank 330 West Vandalia Street Edwardsville, IL 62025 Full Service B&M $454,236
    Busey Bank 3502 Maryville Road Granite City, IL 62040 Full Service B&M $84,236
    Busey Bank 3685 Sullivan Drive Swansea, IL 62226 Full Service B&M $64,224
    Busey Bank 3760 South Grand St. Louis, MO 63118 Full Service B&M $23,412
    Busey Bank 3830 Nameoki Road Granite City, IL 62040 Full Service B&M $19,438
    Busey Bank 401 S. Main Street Naperville, IL 60540 Full Service B&M $7,356
    Busey Bank 402 North Sangamon Avenue Gibson City, IL 60936 Full Service B&M $32,979
    Busey Bank 405 N. William Kumpf Peoria, IL 61605 Full Service B&M $67,830
    Busey Bank 4100 West Willow Knolls Road Peoria, IL 61615 Full Service B&M $56,566
    Busey Bank 415 De Baliviere Ave Saint Louis, MO 63112 Full Service B&M $36,945
    Busey Bank 4226 Bayless Ave Saint Louis, MO 63123 Full Service B&M $90,562
    Busey Bank 8919 North Knoxville Avenue Peoria, IL 61615 Full Service B&M $59,480
    Busey Bank 4415 West Center Drive Alton, IL 62002 Full Service B&M $75,340
    Busey Bank 4520 North Sheridan Road Peoria, IL 61614 Full Service B&M $125,254
    Busey Bank 507 Edwardsville Road Troy, IL 62294 Full Service B&M $56,013
    Busey Bank 5720 West Main Street Belleville, IL 62226 Full Service B&M $164,885
    Busey Bank 6 Hairpin Drive, Southern Illinois University Edwardsville, IL 62026 Full Service Retail $9,613
    Busey Bank 614 South Sixth Street Champaign, IL 61820 Full Service B&M $51,245
    Busey Bank 6510 Clayton Road Richmond Heights, MO 63117 Full Service B&M $45,703
    Busey Bank 6699 N Sheridan Rd Peoria, IL 61614 Full Service Cyber Office $7,219
    Busey Bank 6699 North Sheridan Road Peoria, IL 61614 Full Service B&M $10,582
    Busey Bank 7020 County Line Road Burr Ridge, IL 60527 Full Service B&M $301,727
    Busey Bank 7980 Summerlin Lakes Drive Fort Myers, FL 33907 Full Service Cyber Office $5,091
    Busey Bank 7980 Summerlin Lakes Drive Fort Myers, FL 33907 Full Service B&M $171,323
    Busey Bank 8008 North Lindbergh Hazelwood, MO 63042 Full Service B&M $47,476
    Busey Bank 900 Olive Street Saint Louis, MO 63101 Full Service B&M $83,646
    Busey Bank 909 West Kirby Street Champaign, IL 61821 Full Service B&M $289,657
    Busey Bank 917 North Fourth Street Chillicothe, IL 61523 Full Service B&M $40,589
    Busey Bank Busey.Com Champaign, IL 61820 Full Service Cyber Office $87,737

    For 2020, Busey Bank had 88 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $326,704
    Net interest income $294,948
    Total noninterest income $117,722
    Gross Fiduciary activities income $38,205
    Service charges on deposit accounts $13,980
    Trading account gains and fees $0
    Additional Noninterest Income $65,537
    Pre-tax net operating income $152,186
    Securities gains (or losses, -) $1,725
    Income before extraordinary items $116,779
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $116,779
    Minority interest net income $0
    Net income $116,779
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $115,416

    Busey Bank's gross interest income from loans was $326,704,000.
    Busey Bank's net interest income from loans was $294,948,000.
    Busey Bank's fee based income from loans was $13,980,000.
    Busey Bank's net income from loans was $116,779,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $31,756
    Provision for credit losses $38,797
    Total noninterest expense $221,687
    Salaries and employee benefits $110,514
    Premises and equipment expense $28,412
    Additional noninterest expense $82,761
    Applicable income taxes $37,132
    Net charge-offs $8,331
    Cash dividends $122,000

    Busey Bank's interest expense for loans was $31,756,000.
    Busey Bank's payroll and benefits expense were $110,514,000.
    Busey Bank's property, plant and equipment expenses $28,412,000.

    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 $8,806,219
    Deposits held in domestic offices $8,806,219
    Deposits by Individuals, partnerships, and corporations $7,931,278
    Deposits by U.S. Government $3
    Deposits by States and political subdivisions in the U.S. $868,412
    Deposits by Commercial banks and other depository institutions in U.S. $6,526
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $1,376,790
    Demand deposits $1,376,790
    Nontransaction accounts $7,429,429
    Money market deposit accounts (MMDAs) $5,416,884
    Other savings deposits (excluding MMDAs) $893,198
    Total time deposits $1,119,348
    Total time and savings deposits $7,429,429
    Noninterest-bearing deposits $2,562,885
    Interest-bearing deposits $6,243,334
    Retail deposits $8,606,405
    IRAs and Keogh plan accounts $201,406
    Brokered deposits $7,508
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $10,525,494
    Cash & Balances due from depository institutions $681,008
    Interest-bearing balances $562,383
    Total securities $2,261,187
    Federal funds sold & reverse repurchase $0
    Net loans and leases $6,758,168
    Loan and leases loss allowance $101,048
    Trading account assets $0
    Bank premises and fixed assets $142,853
    Other real estate owned $4,570
    Goodwill and other intangibles $375,868
    All other assets $301,840

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $10,525,494
    Total Liabilities $9,108,364
    Total deposits $8,806,219
    Interest-bearing deposits $6,243,334
    Deposits held in domestic offices $8,806,219
    % insured (estimated) $88
    Federal funds purchased and repurchase agreements $175,614
    Trading liabilities $0
    Other borrowed funds $9,415
    Subordinated debt $0
    All other liabilities $117,116

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $6,758,168
    Loan and leases loss allowance $101,048
    Total loans and leases (domestic) $6,859,216
    All real estate loans $4,961,082
    Real estate loans in domestic offices $4,961,082
    Construction and development loans $463,620
    Residential 1-4 family construction $44,217
    Other construction, all land development and other land $419,403
    Loans secured by nonfarm nonresidential properties $2,319,173
    Nonfarm nonresidential secured by owner-occupied properties $911,738
    Commercial real estate & other non-farm, non-residential $1,407,435
    Multifamily residential real estate $573,848
    1-4 family residential loans $1,449,785
    Farmland loans $154,656
    Loans held in foreign offices $0
    Farm loans $49,496
    Commercial and industrial loans $1,473,232
    To non-U.S. addressees $0
    Loans to individuals $37,417
    Credit card loans $0
    Related Plans $10,493
    Consumer Auto Loans $20,942
    Other loans to individuals $5,982
    All other loans & leases $337,988
    Loans to foreign governments and official institutions $0
    Other loans $107,211
    Loans to depository institutions and acceptances of other banks $877
    Loans not secured by real estate $34,101
    Loans secured by real estate to non-U.S. addressees $21,287
    Restructured Loans & leases $3,814
    Non 1-4 family restructured loans & leases $100
    Total loans and leases (foreign) $0

    Busey Bank had $6,758,168,000 of loans outstanding in 2020. $4,961,082,000 of loans were in real estate loans. $463,620,000 of loans were in development loans. $573,848,000 of loans were in multifamily mortgage loans. $1,449,785,000 of loans were in 1-4 family mortgage loans. $49,496,000 of loans were in farm loans. $0 of loans were in credit card loans. $20,942,000 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 1,789 $440,042 $245,971
    Nonfarm, nonresidential loans - <$100k 261 $9,975 $38,218
    Nonfarm, nonresidential loans - $100-250k 476 $50,519 $106,132
    Nonfarm, nonresidential loans - $250k-1MM 1,052 $379,548 $360,787
    Commercial & Industrial, US addressed loans - <$1MM 5,577 $539,081 $96,661
    Commercial & Industrial, US addressed loans - <$100k 3,302 $81,597 $24,711
    Commercial & Industrial, US addressed loans - $100-250k 1,067 $108,701 $101,875
    Commercial & Industrial, US addressed loans - $250k-1MM 1,208 $348,783 $288,728
    Farmland loans - <$1MM 170 $24,174 $142,200
    Farmland loans - <$100k 44 $2,437 $55,386
    Farmland loans - $100-250k 70 $8,031 $114,729
    Farmland loans - $250k-1MM 56 $13,706 $244,750
    Agriculture operations loans - <$1MM 130 $8,674 $66,723
    Agriculture operations loans - <$100k 78 $2,781 $35,654
    Agriculture operations loans - $100-250k 52 $5,893 $113,327