Busey Bank Mortgage Rates, Fees & Info
Champaign, ILLEI: 549300O7SGM8FH65GQ47
Tax ID: 37-0613731
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Mortgage Data
Bank Data
Review & Overview
Busey Bank is a smaller bank specializing in various types of mortgages.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.
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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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
0Origination Dollar Volume (All Markets)
$0Employee count
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Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| BOK FINANCIAL CORP | Conventional home mortgage | Struggling to pay mortgage | 2 | 11.1% |
| BOK FINANCIAL CORP | Conventional home mortgage | Trouble during payment process | 4 | 22.2% |
| BOK FINANCIAL CORP | FHA mortgage | Incorrect information on your report | 1 | 5.6% |
| BOK FINANCIAL CORP | FHA mortgage | Struggling to pay mortgage | 1 | 5.6% |
| BOK FINANCIAL CORP | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 1 | 5.6% |
| BOK FINANCIAL CORP | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 5.6% |
| BOK FINANCIAL CORP | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 5.6% |
| BOK FINANCIAL CORP | Other type of mortgage | Struggling to pay mortgage | 1 | 5.6% |
| BOK FINANCIAL CORP | Other type of mortgage | Trouble during payment process | 1 | 5.6% |
| BOK FINANCIAL CORP | VA mortgage | Struggling to pay mortgage | 1 | 5.6% |
| BOK FINANCIAL CORP | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 4 | 22.2% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Busey Bank | 33 South Fourth Street Pekin, IL 61554 | Limited, Mobile/Seasonal Office | $0 |
| Busey Bank | 100 Suppiger Lane Highland, IL 62249 | Full Service B&M | $76,135 |
| Busey Bank | 100 West University Avenue Champaign, IL 61820 | Full Service B&M | $864,170 |
| Busey Bank | 101 South Morrison Collinsville, IL 62234 | Full Service B&M | $64,834 |
| Busey Bank | 104 North Main Street St. Joseph, IL 61873 | Full Service B&M | $55,151 |
| Busey Bank | 1111 South Veterans Parkway Bloomington, IL 61701 | Full Service B&M | $81,363 |
| Busey Bank | 115 North Third Street Fairbury, IL 61739 | Full Service B&M | $47,692 |
| Busey Bank | 1153 Vaughn Road Wood River, IL 62095 | Full Service B&M | $106,386 |
| Busey Bank | 11550 N Meridian St Carmel, IN 46032 | Full Service Cyber Office | $134 |
| Busey Bank | 11550 N. Meridian Street, Suite 100, Fidelity Plaza - Tower One Carmel, IN 46032 | Full Service B&M | $93,887 |
| Busey Bank | 1177 N Green Mount Drive O Fallon, IL 62269 | Full Service B&M | $31,229 |
| Busey Bank | 118 Cole Street East Peoria, IL 61611 | Full Service B&M | $58,258 |
| Busey Bank | 12300 Olive Blvd Saint Louis, MO 63141 | Full Service Cyber Office | $29,292 |
| Busey Bank | 12300 Olive Boulevard Saint Louis, MO 63141 | Full Service B&M | $513,332 |
| Busey Bank | 1231 East Grove Street Rantoul, IL 61866 | Full Service B&M | $35,899 |
| Busey Bank | 128 Holden Street Tolono, IL 61880 | Full Service B&M | $72,440 |
| Busey Bank | 130 N Water St Decatur, IL 62523 | Full Service Cyber Office | $28,531 |
| Busey Bank | 130 North Water Street Decatur, IL 62525 | Full Service B&M | $363,886 |
| Busey Bank | 13901 S. Bell Road Homer Glen, IL 60491 | Full Service B&M | $77,824 |
| Busey Bank | 140 West Center Street Paxton, IL 60957 | Full Service B&M | $28,425 |
| Busey Bank | 1400 Heritage Drive Morris, IL 60450 | Full Service B&M | $53,553 |
| Busey Bank | 14150 S Route 30 Plainfield, IL 60544 | Full Service Cyber Office | $6,131 |
| Busey Bank | 14150 S Route 30 Plainfield, IL 60544 | Full Service B&M | $138,936 |
| Busey Bank | 14446 Clayton Road Ballwin, MO 63011 | Full Service B&M | $44,206 |
| Busey Bank | 14803 Tamiami Trail North Port, FL 34287 | Full Service B&M | $51,944 |
| Busey Bank | 1490 Tamiami Trl Port Charlotte, FL 33948 | Full Service B&M | $68,010 |
| Busey Bank | 175 Carondelet Plz Clayton, MO 63105 | Full Service B&M | $168,163 |
| Busey Bank | 17701 Edison Avenue, Suite 100 Chesterfield, MO 63005 | Full Service B&M | $145,022 |
| Busey Bank | 1928 Zumbehl Road Saint Charles, MO 63303 | Full Service B&M | $34,956 |
| Busey Bank | 200 West Main Street Shelbyville, IL 62565 | Full Service B&M | $61,888 |
| Busey Bank | 2004 Troy Road Edwardsville, IL 62025 | Full Service B&M | $93,953 |
| Busey Bank | 201 West Main Street Urbana, IL 61801 | Full Service B&M | $565,072 |
| Busey Bank | 2011 West Springfield Avenue Champaign, IL 61820 | Full Service B&M | $79,493 |
| Busey Bank | 2070 Mount Zion Road Decatur, IL 62521 | Full Service B&M | $52,335 |
| Busey Bank | 2101 N Veterans Pkwy Bloomington, IL 61704 | Full Service Cyber Office | $45,177 |
| Busey Bank | 2101 North Veterans Parkway Bloomington, IL 61704 | Full Service B&M | $246,272 |
| Busey Bank | 2119 S.W. Adams Street Peoria, IL 61602 | Full Service B&M | $132,009 |
| 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 | $96,247 |
| Busey Bank | 2315 E. Division Street Diamond, IL 60416 | Full Service B&M | $85,089 |
| Busey Bank | 24 West Gartner Street, Suite 104 Naperville, IL 60540 | Full Service B&M | $99,511 |
| Busey Bank | 2421-2427 West Rohmann Avenue Peoria, IL 61604 | Full Service B&M | $36,876 |
| Busey Bank | 2505 North Water Street Decatur, IL 62526 | Full Service B&M | $94,414 |
| Busey Bank | 2524 South Del Prado Boulevard Cape Coral, FL 33904 | Full Service B&M | $87,277 |
| Busey Bank | 2710 South Philo Road Urbana, IL 61801 | Full Service B&M | $138,918 |
| Busey Bank | 2801 Black Road Joliet, IL 60435 | Full Service Cyber Office | $14,151 |
| Busey Bank | 2801 Black Road Joliet, IL 60435 | Full Service B&M | $339,304 |
| Busey Bank | 2870 North 44th Street Fairmont City, IL 62201 | Full Service B&M | $4,782 |
| Busey Bank | 3002 West Windsor Road Champaign, IL 61821 | Full Service B&M | $131,340 |
| Busey Bank | 301 East Cedar Street Le Roy, IL 61752 | Full Service B&M | $111,345 |
| Busey Bank | 312 East Main Street Mahomet, IL 61853 | Full Service B&M | $138,842 |
| Busey Bank | 3200 Veterans Drive Pekin, IL 61554 | Full Service B&M | $43,175 |
| Busey Bank | 33 South 4th Street Pekin, IL 61554 | Full Service B&M | $108,373 |
| Busey Bank | 330 W Vandalia St Edwardsville, IL 62025 | Full Service Cyber Office | $106,672 |
| Busey Bank | 330 West Vandalia Street Edwardsville, IL 62025 | Full Service B&M | $493,708 |
| Busey Bank | 3502 Maryville Road Granite City, IL 62040 | Full Service B&M | $97,027 |
| Busey Bank | 3685 Sullivan Drive Swansea, IL 62226 | Full Service B&M | $57,083 |
| Busey Bank | 3760 South Grand St. Louis, MO 63118 | Full Service B&M | $22,969 |
| Busey Bank | 401 S. Main Street Naperville, IL 60540 | Full Service B&M | $20,529 |
| Busey Bank | 402 North Sangamon Avenue Gibson City, IL 60936 | Full Service B&M | $36,453 |
| Busey Bank | 405 N. William Kumpf Peoria, IL 61605 | Full Service B&M | $70,868 |
| Busey Bank | 4100 West Willow Knolls Road Peoria, IL 61615 | Full Service B&M | $60,682 |
| Busey Bank | 415 De Baliviere Ave Saint Louis, MO 63112 | Full Service B&M | $65,021 |
| Busey Bank | 4226 Bayless Ave Saint Louis, MO 63123 | Full Service B&M | $95,587 |
| Busey Bank | 4415 West Center Drive Alton, IL 62002 | Full Service B&M | $78,610 |
| Busey Bank | 4520 North Sheridan Road Peoria, IL 61614 | Full Service B&M | $124,284 |
| Busey Bank | 507 Edwardsville Road Troy, IL 62294 | Full Service B&M | $56,166 |
| Busey Bank | 5720 West Main Street Belleville, IL 62226 | Full Service B&M | $243,104 |
| Busey Bank | 6 Hairpin Drive, Southern Illinois University Edwardsville, IL 62026 | Full Service Retail | $7,416 |
| Busey Bank | 614 South Sixth Street Champaign, IL 61820 | Full Service B&M | $49,424 |
| Busey Bank | 6699 N Sheridan Rd Peoria, IL 61614 | Full Service Cyber Office | $30,529 |
| Busey Bank | 6699 North Sheridan Road Peoria, IL 61614 | Full Service B&M | $7,399 |
| Busey Bank | 7020 County Line Road Burr Ridge, IL 60527 | Full Service B&M | $277,943 |
| Busey Bank | 7980 Summerlin Lakes Drive Fort Myers, FL 33907 | Full Service Cyber Office | $16,347 |
| Busey Bank | 7980 Summerlin Lakes Drive Fort Myers, FL 33907 | Full Service B&M | $218,903 |
| Busey Bank | 8008 North Lindbergh Hazelwood, MO 63042 | Full Service B&M | $35,626 |
| Busey Bank | 8919 North Knoxville Avenue Peoria, IL 61615 | Full Service B&M | $78,979 |
| Busey Bank | 900 Olive Street Saint Louis, MO 63101 | Full Service B&M | $96,484 |
| Busey Bank | 909 West Kirby Street Champaign, IL 61821 | Full Service B&M | $323,172 |
| Busey Bank | Busey.Com Champaign, IL 61820 | Full Service Cyber Office | $213,402 |
For 2021, Busey Bank had 80 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $298,908 |
| Net interest income | $285,891 |
| Total noninterest income | $131,561 |
| Gross Fiduciary activities income | $47,508 |
| Service charges on deposit accounts | $14,523 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $69,530 |
| Pre-tax net operating income | $180,256 |
| Securities gains (or losses, -) | $29 |
| Income before extraordinary items | $137,941 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $137,941 |
| Minority interest net income | $0 |
| Net income | $137,941 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $137,918 |
Busey Bank's gross interest income from loans was $298,908,000.
Busey Bank's net interest income from loans was $285,891,000.
Busey Bank's fee based income from loans was $14,523,000.
Busey Bank's net income from loans was $137,941,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $13,017 |
| Provision for credit losses | $-15,875 |
| Total noninterest expense | $253,071 |
| Salaries and employee benefits | $127,398 |
| Premises and equipment expense | $26,353 |
| Additional noninterest expense | $99,320 |
| Applicable income taxes | $42,344 |
| Net charge-offs | $2,239 |
| Cash dividends | $60,000 |
Busey Bank's interest expense for loans was $13,017,000.
Busey Bank's payroll and benefits expense were $127,398,000.
Busey Bank's property, plant and equipment expenses $26,353,000.
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 | $10,846,526 |
| Deposits held in domestic offices | $10,846,526 |
| Deposits by Individuals, partnerships, and corporations | $9,713,847 |
| Deposits by U.S. Government | $6 |
| Deposits by States and political subdivisions in the U.S. | $1,127,326 |
| Deposits by Commercial banks and other depository institutions in U.S. | $5,347 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $1,628,199 |
| Demand deposits | $1,628,199 |
| Nontransaction accounts | $9,218,327 |
| Money market deposit accounts (MMDAs) | $7,026,083 |
| Other savings deposits (excluding MMDAs) | $1,256,595 |
| Total time deposits | $935,649 |
| Total time and savings deposits | $9,218,327 |
| Noninterest-bearing deposits | $3,678,940 |
| Interest-bearing deposits | $7,167,586 |
| Retail deposits | $10,706,829 |
| IRAs and Keogh plan accounts | $201,563 |
| Brokered deposits | $2,514 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $12,827,680 |
| Cash & Balances due from depository institutions | $830,528 |
| Interest-bearing balances | $727,804 |
| Total securities | $3,981,251 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $7,124,986 |
| Loan and leases loss allowance | $87,887 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $146,651 |
| Other real estate owned | $3,074 |
| Goodwill and other intangibles | $386,362 |
| All other assets | $354,828 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $12,827,680 |
| Total Liabilities | $11,262,454 |
| Total deposits | $10,846,526 |
| Interest-bearing deposits | $7,167,586 |
| Deposits held in domestic offices | $10,846,526 |
| % insured (estimated) | $92 |
| Federal funds purchased and repurchase agreements | $270,139 |
| Trading liabilities | $0 |
| Other borrowed funds | $9,734 |
| Subordinated debt | $0 |
| All other liabilities | $136,055 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $7,124,986 |
| Loan and leases loss allowance | $87,887 |
| Total loans and leases (domestic) | $7,212,873 |
| All real estate loans | $5,183,310 |
| Real estate loans in domestic offices | $5,183,310 |
| Construction and development loans | $390,019 |
| Residential 1-4 family construction | $32,295 |
| Other construction, all land development and other land | $357,724 |
| Loans secured by nonfarm nonresidential properties | $2,547,091 |
| Nonfarm nonresidential secured by owner-occupied properties | $919,163 |
| Commercial real estate & other non-farm, non-residential | $1,627,928 |
| Multifamily residential real estate | $572,714 |
| 1-4 family residential loans | $1,532,856 |
| Farmland loans | $140,630 |
| Loans held in foreign offices | $0 |
| Farm loans | $52,759 |
| Commercial and industrial loans | $1,366,113 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $226,302 |
| Credit card loans | $0 |
| Related Plans | $93,988 |
| Consumer Auto Loans | $127,140 |
| Other loans to individuals | $5,174 |
| All other loans & leases | $384,388 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $137,526 |
| Loans to depository institutions and acceptances of other banks | $57 |
| Loans not secured by real estate | $62,115 |
| Loans secured by real estate to non-U.S. addressees | $22,288 |
| Restructured Loans & leases | $1,801 |
| Non 1-4 family restructured loans & leases | $89 |
| Total loans and leases (foreign) | $0 |
Busey Bank had $7,124,986,000 of loans outstanding in 2021. $5,183,310,000 of loans were in real estate loans. $390,019,000 of loans were in development loans. $572,714,000 of loans were in multifamily mortgage loans. $1,532,856,000 of loans were in 1-4 family mortgage loans. $52,759,000 of loans were in farm loans. $0 of loans were in credit card loans. $127,140,000 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 | 1,666 | $426,025 | $255,717 |
| Nonfarm, nonresidential loans - <$100k | 225 | $8,421 | $37,427 |
| Nonfarm, nonresidential loans - $100-250k | 442 | $46,161 | $104,437 |
| Nonfarm, nonresidential loans - $250k-1MM | 999 | $371,443 | $371,815 |
| Commercial & Industrial, US addressed loans - <$1MM | 3,254 | $320,632 | $98,535 |
| Commercial & Industrial, US addressed loans - <$100k | 1,617 | $34,099 | $21,088 |
| Commercial & Industrial, US addressed loans - $100-250k | 705 | $58,692 | $83,251 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 932 | $227,841 | $244,465 |
| Farmland loans - <$1MM | 139 | $20,315 | $146,151 |
| Farmland loans - <$100k | 33 | $1,614 | $48,909 |
| Farmland loans - $100-250k | 57 | $7,077 | $124,158 |
| Farmland loans - $250k-1MM | 49 | $11,624 | $237,224 |
| Agriculture operations loans - <$1MM | 116 | $7,789 | $67,147 |
| Agriculture operations loans - <$100k | 68 | $2,220 | $32,647 |
| Agriculture operations loans - $100-250k | 48 | $5,569 | $116,021 |