Collinsville Building And Loan Association Mortgage Rates, Fees & Info

Collinsville, IL

LEI: 549300QV6YJK6ZDZPV54

Tax ID: 37-0223930

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Mortgage Data

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

    • Bank Data

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

    • Review & Overview

    Collinsville Building And Loan Association is a smaller mortgage company specializing in Home Purchase and Refi loans. Collinsville Building And Loan Association has a high proportion of conventional loans. Their top (well, only) market is St. Louis.

    Collinsville Building And Loan Association has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

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    Originations

    108

    Origination Dollar Volume (All Markets)

    $17,830,000

    Employee count

    18

    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) 108 $17,830,000 $165,093 $0 0.00%
    Collinsville Building And Loan Association's top markets include and St. Louis among others.

    Their top states include:
  • Illinois (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 108 $17,830,000 $165,093 $0 0.00%

    For 2018, Collinsville Building And Loan Association's most frequently originated type of loan was Conventional, with 108 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 64 $12,140,000 $189,688 $0 0.00%
    Refi 39 $5,065,000 $129,872 $0 0.00%
    Other 4 $330,000 $82,500 $0 0.00%
    Home Improvement 1 $295,000 $295,000 $0 0.00%

    For 2018, Collinsville Building And Loan Association's most frequently cited loan purpose was Home Purchase, with 64 originations. The 2nd most popular reason was Refi, with 39 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 108 $17,830,000 $165,093 $0 0.00%

    For 2018, Collinsville Building And Loan Association's most frequently cited loan duration was Other, with 108 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 39 $5,735,000 $147,051 $0 0.00%
    $100,000 or less 35 $2,385,000 $68,143 $0 0.00%
    $200k-400k 31 $8,435,000 $272,097 $0 0.00%
    $400k-600k 3 $1,275,000 $425,000 $0 0.00%

    2018 saw Collinsville Building And Loan Association place emphasis on $100k-200k loans with 39 originations, totaling $5,735,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 28 $5,040,000 $180,000 $0 0.00%
    $75k-100k 24 $3,450,000 $143,750 $0 0.00%
    $50k-75k 20 $1,840,000 $92,000 $0 0.00%
    $150k-250k 17 $4,465,000 $262,647 $0 0.00%
    $50k or less 13 $1,025,000 $78,846 $0 0.00%
    $250k+ 5 $1,605,000 $321,000 $0 0.00%

    Collinsville Building And Loan Association lent most frequently to those with incomes in the $100k-150k range, with 28 originations. The second most popular income band? $75k-100k, with 24 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 108 $17,830,000 $165,093 $0 0.00%

    Collinsville Building And Loan Association lent most frequently to those with DTI ratios of Exempt%, with 108 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 104 $17,160,000 $165,000 $0 0.00%
    Asian Indian 1 $375,000 $375,000 $0 0.00%
    Black 2 $210,000 $105,000 $0 0.00%
    Asian 1 $85,000 $85,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.69%

    Collinsville Building And Loan Association has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    97.22%

    Collinsville Building And Loan Association has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 108 $17,830,000 $165,093

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 108 $17,830,000 $165,093

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Collinsville Building and Loan Association 100 West Market Street Troy, IL 62294 Full Service B&M $11,044
    Collinsville Building and Loan Association 701 Belt Line Road Collinsville, IL 62234 Full Service B&M $74,622

    For 2018, Collinsville Building And Loan Association had 2 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $3,702
    Net interest income $2,842
    Total noninterest income $9
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $8
    Trading account gains and fees $0
    Additional Noninterest Income $1
    Pre-tax net operating income $686
    Securities gains (or losses, -) $0
    Income before extraordinary items $486
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $486
    Minority interest net income $0
    Net income $486
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $486

    Collinsville Building And Loan Association's gross interest income from loans was $3,702,000.
    Collinsville Building And Loan Association's net interest income from loans was $2,842,000.
    Collinsville Building And Loan Association's fee based income from loans was $8,000.
    Collinsville Building And Loan Association's net income from loans was $486,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $860
    Provision for credit losses $0
    Total noninterest expense $2,165
    Salaries and employee benefits $1,408
    Premises and equipment expense $164
    Additional noninterest expense $593
    Applicable income taxes $200
    Net charge-offs $0
    Cash dividends $0

    Collinsville Building And Loan Association's interest expense for loans was $860,000.
    Collinsville Building And Loan Association's payroll and benefits expense were $1,408,000.
    Collinsville Building And Loan Association's property, plant and equipment expenses $164,000.

    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 $84,575
    Deposits held in domestic offices $84,575
    Deposits by Individuals, partnerships, and corporations $81,276
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $3,299
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $4,716
    Demand deposits $0
    Nontransaction accounts $79,859
    Money market deposit accounts (MMDAs) $19,710
    Other savings deposits (excluding MMDAs) $8,441
    Total time deposits $51,708
    Total time and savings deposits $84,575
    Noninterest-bearing deposits $379
    Interest-bearing deposits $84,196
    Retail deposits $79,009
    IRAs and Keogh plan accounts $11,563
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $117,812
    Cash & Balances due from depository institutions $4,303
    Interest-bearing balances $4,095
    Total securities $28,676
    Federal funds sold & reverse repurchase $1,000
    Net loans and leases $82,466
    Loan and leases loss allowance $745
    Trading account assets $0
    Bank premises and fixed assets $348
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $1,019

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $117,812
    Total Liabilities $84,860
    Total deposits $84,575
    Interest-bearing deposits $84,196
    Deposits held in domestic offices $84,575
    % insured (estimated) $96
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $285

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $82,466
    Loan and leases loss allowance $745
    Total loans and leases (domestic) $83,211
    All real estate loans $83,184
    Real estate loans in domestic offices $83,184
    Construction and development loans $1,163
    Residential 1-4 family construction $1,060
    Other construction, all land development and other land $103
    Loans secured by nonfarm nonresidential properties $16
    Nonfarm nonresidential secured by owner-occupied properties $0
    Commercial real estate & other non-farm, non-residential $16
    Multifamily residential real estate $0
    1-4 family residential loans $82,005
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $0
    To non-U.S. addressees $0
    Loans to individuals $27
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $0
    Other loans to individuals $27
    All other loans & leases $0
    Loans to foreign governments and official institutions $0
    Other loans $0
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Collinsville Building and Loan Association had $82,466,000 of loans outstanding in 2018. $83,184,000 of loans were in real estate loans. $1,163,000 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $82,005,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $0 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 $16 $16,000
    Nonfarm, nonresidential loans - <$100k 1 $16 $16,000