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 Refi and Home Purchase 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 a below average pick rate when compared to similar lenders.

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    Originations

    146

    Origination Dollar Volume (All Markets)

    $23,920,000

    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) 146 $23,920,000 $163,836 $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 146 $23,920,000 $163,836 $0 0.00%

    For 2019, Collinsville Building And Loan Association's most frequently originated type of loan was Conventional, with 146 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 77 $13,575,000 $176,299 $0 0.00%
    Home Purchase 58 $9,870,000 $170,172 $0 0.00%
    Home Improvement 7 $265,000 $37,857 $0 0.00%
    Other 4 $210,000 $52,500 $0 0.00%

    For 2019, Collinsville Building And Loan Association's most frequently cited loan purpose was Refi, with 77 originations. The 2nd most popular reason was Home Purchase, with 58 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 146 $23,920,000 $163,836 $0 0.00%

    For 2019, Collinsville Building And Loan Association's most frequently cited loan duration was Other, with 146 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 58 $8,420,000 $145,172 $0 0.00%
    $200k-400k 48 $12,520,000 $260,833 $0 0.00%
    $100,000 or less 39 $2,575,000 $66,026 $0 0.00%
    $400k-600k 1 $405,000 $405,000 $0 0.00%

    2019 saw Collinsville Building And Loan Association place emphasis on $100k-200k loans with 58 originations, totaling $8,420,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 51 $9,395,000 $184,216 $0 0.00%
    $150k-250k 29 $5,345,000 $184,310 $0 0.00%
    $50k-75k 26 $3,330,000 $128,077 $0 0.00%
    $75k-100k 22 $3,330,000 $151,364 $0 0.00%
    $50k or less 13 $1,145,000 $88,077 $0 0.00%
    $250k+ 5 $1,375,000 $275,000 $0 0.00%

    Collinsville Building And Loan Association lent most frequently to those with incomes in the $100k-150k range, with 51 originations. The second most popular income band? $150k-250k, with 29 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 146 $23,920,000 $163,836 $0 0.00%

    Collinsville Building And Loan Association lent most frequently to those with DTI ratios of Exempt%, with 146 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 146 $23,920,000 $163,836 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.02%

    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
    88.36%

    Collinsville Building And Loan Association has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 146 $23,920,000 $163,836

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 146 $23,920,000 $163,836

    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 $10,508
    Collinsville Building and Loan Association 701 Belt Line Road Collinsville, IL 62234 Full Service B&M $76,005

    For 2019, Collinsville Building And Loan Association had 2 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $4,019
    Net interest income $2,891
    Total noninterest income $4
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $8
    Trading account gains and fees $0
    Additional Noninterest Income $-4
    Pre-tax net operating income $583
    Securities gains (or losses, -) $0
    Income before extraordinary items $454
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $454
    Minority interest net income $0
    Net income $454
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $454

    Collinsville Building And Loan Association's gross interest income from loans was $4,019,000.
    Collinsville Building And Loan Association's net interest income from loans was $2,891,000.
    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 $454,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,128
    Provision for credit losses $0
    Total noninterest expense $2,312
    Salaries and employee benefits $1,538
    Premises and equipment expense $153
    Additional noninterest expense $621
    Applicable income taxes $129
    Net charge-offs $29
    Cash dividends $0

    Collinsville Building And Loan Association's interest expense for loans was $1,128,000.
    Collinsville Building And Loan Association's payroll and benefits expense were $1,538,000.
    Collinsville Building And Loan Association's property, plant and equipment expenses $153,000.

    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 $89,306
    Deposits held in domestic offices $89,306
    Deposits by Individuals, partnerships, and corporations $85,284
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $4,022
    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 $6,102
    Demand deposits $0
    Nontransaction accounts $83,204
    Money market deposit accounts (MMDAs) $19,548
    Other savings deposits (excluding MMDAs) $7,899
    Total time deposits $55,757
    Total time and savings deposits $89,306
    Noninterest-bearing deposits $698
    Interest-bearing deposits $88,608
    Retail deposits $83,316
    IRAs and Keogh plan accounts $11,936
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $122,956
    Cash & Balances due from depository institutions $5,857
    Interest-bearing balances $5,693
    Total securities $23,083
    Federal funds sold & reverse repurchase $0
    Net loans and leases $92,617
    Loan and leases loss allowance $716
    Trading account assets $0
    Bank premises and fixed assets $376
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $1,023

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $122,956
    Total Liabilities $89,550
    Total deposits $89,306
    Interest-bearing deposits $88,608
    Deposits held in domestic offices $89,306
    % insured (estimated) $94
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $244

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $92,617
    Loan and leases loss allowance $716
    Total loans and leases (domestic) $93,333
    All real estate loans $93,298
    Real estate loans in domestic offices $93,298
    Construction and development loans $290
    Residential 1-4 family construction $50
    Other construction, all land development and other land $240
    Loans secured by nonfarm nonresidential properties $5
    Nonfarm nonresidential secured by owner-occupied properties $0
    Commercial real estate & other non-farm, non-residential $5
    Multifamily residential real estate $0
    1-4 family residential loans $93,003
    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 $35
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $0
    Other loans to individuals $35
    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 $92,617,000 of loans outstanding in 2019. $93,298,000 of loans were in real estate loans. $290,000 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $93,003,000 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 $5 $5,000
    Nonfarm, nonresidential loans - <$100k 1 $5 $5,000