Marquette Bank Mortgage Rates, Fees & Info

Chicago, IL

LEI: 549300QX0QWWJKEY4R28

Tax ID: 36-2031498

5 stars - out of 5 stars, based on 35 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Marquette Bank is a smaller bank specializing in Refi and Home Purchase loans. Marquette 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.) Their top markets include Chicago, Peoria, Warsaw, Naples, and Phoenix among others. Marquette Bank has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Marquette Bank is typically a low fee lendor.


Originations

1,192

Origination Dollar Volume (All Markets)

$434,250,000

Employee count

307 Show all (5) awards

Relative Rate

Marquette Bank's average 30 year fixed rate mortgage of loans were 2.96%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.19%.

Relative Fees

Marquette Bank's average total fees for a 30 year fixed rate mortgage are $3,242.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1,126 $401,920,000 $356,945 $2,497 2.72%
PEORIA, IL (FHA|USDA|VA) 2 $6,820,000 $3,410,000 $0 3.19%
Warsaw, IN (FHA|USDA|VA) 1 $5,005,000 $5,005,000 $0 2.75%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $3,110,000 $1,555,000 $10,092 2.94%
Outside of Metro Areas 9 $2,615,000 $290,556 $2,698 2.89%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 8 $2,200,000 $275,000 $3,794 2.78%
MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 8 $1,510,000 $188,750 $2,162 2.58%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 3 $1,285,000 $428,333 $2,085 3.04%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $1,125,000 $1,125,000 $9,025 2.25%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $760,000 $380,000 $4,344 2.94%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 3 $645,000 $215,000 $2,314 2.71%
KANKAKEE, IL (FHA|USDA|VA) 3 $615,000 $205,000 $1,733 2.54%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $605,000 $605,000 $2,733 2.63%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $570,000 $285,000 $3,013 2.56%
Steamboat Springs, CO (FHA|USDA|VA) 1 $505,000 $505,000 $0 2.75%
SANTA FE, NM (FHA|USDA|VA) 1 $385,000 $385,000 $3,518 2.63%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $365,000 $365,000 $3,337 2.38%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 1 $365,000 $365,000 $3,404 3.00%
NILES, MI (FHA|USDA|VA) 1 $355,000 $355,000 $2,517 2.88%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $355,000 $355,000 $3,322 2.63%
KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $315,000 $315,000 $2,287 2.75%
Ottawa, IL (FHA|USDA|VA) 2 $290,000 $145,000 $2,779 2.94%
Freeport, IL (FHA|USDA|VA) 1 $285,000 $285,000 $2,747 3.13%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $285,000 $285,000 $4,143 2.63%
MOBILE, AL (FHA|USDA|VA) 1 $275,000 $275,000 $2,842 3.00%
DANVILLE, IL (FHA|USDA|VA) 1 $275,000 $275,000 $7,145 2.38%
Sturgis, MI (FHA|USDA|VA) 1 $225,000 $225,000 $2,795 3.25%
WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $215,000 $215,000 $2,671 2.88%
ALBUQUERQUE, NM (FHA|USDA|VA) 1 $215,000 $215,000 $3,199 3.00%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 1 $215,000 $215,000 $4,316 3.25%
Angola, IN (FHA|USDA|VA) 1 $195,000 $195,000 $2,208 3.00%
Whitewater, WI (FHA|USDA|VA) 1 $125,000 $125,000 $0 3.50%
LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 1 $115,000 $115,000 $2,066 2.75%
Dixon, IL (FHA|USDA|VA) 1 $105,000 $105,000 $1,659 2.13%

Marquette Bank's top markets include Chicago, Peoria, Warsaw, Naples, and Phoenix among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 1,142 $423,260,000 $370,630 $2,372 2.72%
FHA 50 $10,990,000 $219,800 $7,846 2.79%

For the 2021 period, Marquette Bank's most frequently originated loan type of loans were Conventional, with 1,142 originations. Their 2nd most popular type is FHA, with 50 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 531 $236,265,000 $444,944 $1,784 2.67%
Home Purchase 342 $138,640,000 $405,380 $4,933 2.94%
Cash Out Refi 239 $53,215,000 $222,657 $1,898 2.76%
Home Improvement 62 $2,970,000 $47,903 $336 1.80%
Other 18 $3,160,000 $175,556 $1,623 2.97%

For the 2021, Marquette Bank's most frequently cited loan purpose of loans were Refi, with 531 originations. The 2nd most popular reason of loans were Home Purchase, with 342 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 700 $330,940,000 $472,771 $3,242 2.96%
15 Year 227 $45,365,000 $199,846 $1,909 2.34%
20 Year 121 $26,785,000 $221,364 $1,886 2.60%
10 Year 61 $8,895,000 $145,820 $1,688 2.36%
5 Year 41 $2,725,000 $66,463 $0 0.99%
Other 38 $19,140,000 $503,684 $1,126 3.30%
1 Year 3 $395,000 $131,667 $0 4.58%
3 Year 1 $5,000 $5,000 $0 4.00%

For the 2021, Marquette Bank's most frequently cited loan length of loans were 30 Year, with 700 originations. The 2nd most popular length of loans were 15 Year, with 227 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 955 $220,035,000 $230,403
$1k-2k 60 $10,990,000 $183,167
$3k-4k 15 $6,725,000 $448,333
$2k-3k 13 $4,235,000 $325,769

$3,242 of loans were Marquette Bank's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 955 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 567 $176,855,000 $311,914
<2.5% 362 $67,950,000 $187,707
3-4% 250 $188,120,000 $752,480
4-5% 7 $865,000 $123,571
5-6% 6 $460,000 $76,667

During 2021, Marquette Bank's average interest rate of loans were 2.96%, while their most frequently originated rate bucket of loans were 2.5-3%, with 567 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 461 $128,875,000 $279,555 $2,865 2.73%
$100k-200k 411 $62,215,000 $151,375 $2,231 2.69%
$100,000 or less 132 $7,330,000 $55,530 $1,246 2.27%
$400k-600k 84 $39,040,000 $464,762 $3,909 2.90%
$1MM+ 62 $164,260,000 $2,649,355 $6,753 3.37%
$600k-1MM 42 $32,530,000 $774,524 $2,733 3.14%

2021 saw Marquette Bank place emphasis on $200k-400k loans with 461 originations, totaling $128,875,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 274 $67,370,000 $245,876 $2,512 2.61%
$50k-75k 234 $39,310,000 $167,991 $2,518 2.69%
$75k-100k 227 $47,895,000 $210,991 $2,356 2.60%
$150k-250k 157 $55,155,000 $351,306 $2,769 2.70%
$50k or less 148 $19,880,000 $134,324 $2,528 2.68%
$250k+ 41 $19,915,000 $485,732 $3,168 2.68%

Marquette Bank lent most frequently to those with incomes in the $100k-150k range, with 274 originations. The second most popular income band? $50k-75k, with 234 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 250 $58,370,000 $233,480 $2,307 2.59%
30-36% 195 $44,125,000 $226,282 $2,412 2.62%
<20% 95 $17,735,000 $186,684 $2,013 2.48%
44% 52 $11,990,000 $230,577 $3,029 2.84%
42% 48 $9,730,000 $202,708 $2,182 2.63%
41% 46 $10,050,000 $218,478 $2,615 2.56%
39% 46 $11,930,000 $259,348 $2,629 2.83%
40% 45 $11,045,000 $245,444 $2,666 2.70%
38% 41 $10,435,000 $254,512 $2,414 2.77%
49% 39 $7,905,000 $202,692 $2,732 2.72%
37% 37 $8,345,000 $225,541 $2,179 2.63%
43% 32 $8,150,000 $254,688 $3,381 2.75%
36% 31 $10,245,000 $330,484 $2,819 2.66%
45% 29 $6,145,000 $211,897 $2,942 2.68%
46% 29 $6,965,000 $240,172 $3,004 2.82%
48% 28 $7,290,000 $260,357 $2,261 2.71%
47% 25 $5,055,000 $202,200 $2,591 2.65%
50-60% 14 $3,080,000 $220,000 $6,692 2.55%
>60% 9 $2,785,000 $309,444 $2,944 3.03%

Marquette Bank lent most frequently to those with DTI ratios of 20-30%, with 250 originations. The next most common DTI ratio? 30-36%, with 195 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 981 $233,945,000 $238,476 $2,490 2.65%
Not applicable 90 $176,740,000 $1,963,778 $0 3.53%
Black 84 $15,510,000 $184,643 $3,441 2.81%
Asian 23 $6,305,000 $274,130 $2,694 2.80%
Not provided 10 $1,420,000 $142,000 $2,116 2.55%
American Indian 4 $330,000 $82,500 $786 1.13%

Approval Rates

Total approvals of all applications
89.71%

Marquette Bank has an average approval rate.

Pick Rate

Approvals leading to origination
87.75%

Marquette Bank has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 1,192 $434,250,000 $364,304

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
1,192 $434,250,000 $364,304

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 95 $28,215,000 $297,000 $2,022 2.71%
40-60% 239 $93,225,000 $390,063 $2,023 2.63%
60-80% 557 $244,655,000 $439,237 $2,297 2.81%
80-100% 245 $65,695,000 $268,143 $4,378 2.85%
Under 20% 56 $2,460,000 $43,929 $98 1.74%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Marquette Bank 6155 South Pulaski Road Chicago, IL 60629 Full Service B&M $98,240
Marquette Bank 6316 South Western Avenue Chicago, IL 60636 Full Service B&M $88,934
Marquette Bank 7447 West 63rd Street Summit, IL 60501 Full Service B&M $70,314
Marquette Bank 7560 West 159th Street Orland Park, IL 60462 Full Service B&M $121,409
Marquette Bank 8020 South Harlem Avenue Bridgeview, IL 60455 Full Service B&M $58,682
Marquette Bank 8855 South Ridgeland Avenue Oak Lawn, IL 60453 Full Service B&M $78,472
Marquette Bank 9335 South Kedzie Evergreen Park, IL 60805 Full Service B&M $87,475
Marquette Bank 9503 South Roberts Road Hickory Hills, IL 60457 Full Service B&M $59,828
Marquette Bank 9533 West 143rd Street Orland Park, IL 60462 Full Service B&M $187,122
Marquette Bank Www.Emarquettebank.Com Orland Park, IL 60462 Full Service Cyber Office $13,225
Marquette Bank 10000 West 151st Street Orland Park, IL 60462 Limited, Administrative $0
Marquette Bank 10350 S Cicero Ave Oak Lawn, IL 60453 Full Service B&M $97,359
Marquette Bank 15730 West 127th Street Lemont, IL 60439 Full Service B&M $73,889
Marquette Bank 17865 South Wolf Road Orland Park, IL 60467 Full Service B&M $143,435
Marquette Bank 1876 W. Airport Rd Romeoville, IL 60446 Full Service B&M $22,150
Marquette Bank 234 Bolingbrook Drive Bolingbrook, IL 60440 Full Service B&M $36,480
Marquette Bank 2570 East Lincoln Highway New Lenox, IL 60451 Full Service B&M $68,014
Marquette Bank 3435 West 111th Street Chicago, IL 60655 Full Service B&M $39,616
Marquette Bank 3521 Archer Avenue Chicago, IL 60609 Full Service B&M $60,704
Marquette Bank 5400 South Kedzie Avenue Chicago, IL 60632 Full Service B&M $41,340
Marquette Bank 5700 West 159th Street Oak Forest, IL 60452 Full Service B&M $116,622
Marquette Bank 615 West 31st Street Chicago, IL 60616 Full Service B&M $101,735

For 2021, Marquette Bank had 22 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $55,153
Net interest income $53,077
Total noninterest income $17,872
Gross Fiduciary activities income $2,032
Service charges on deposit accounts $4,238
Trading account gains and fees $0
Additional Noninterest Income $11,602
Pre-tax net operating income $14,965
Securities gains (or losses, -) $0
Income before extraordinary items $11,085
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $11,085
Minority interest net income $0
Net income $11,085
Sale, conversion, retirement of capital stock, net $0
Net operating income $11,085

Marquette Bank's gross interest income from loans was $55,153,000.
Marquette Bank's net interest income from loans was $53,077,000.
Marquette Bank's fee based income from loans was $4,238,000.
Marquette Bank's net income from loans was $11,085,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $2,076
Provision for credit losses $2,388
Total noninterest expense $53,596
Salaries and employee benefits $27,352
Premises and equipment expense $8,919
Additional noninterest expense $17,325
Applicable income taxes $3,880
Net charge-offs $2,231
Cash dividends $6,000

Marquette Bank's interest expense for loans was $2,076,000.
Marquette Bank's payroll and benefits expense were $27,352,000.
Marquette Bank's property, plant and equipment expenses $8,919,000.

Loan Performance

Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
All loans 1.0%
Real Estate loans 1.0%
Construction & Land Development loans 0.0%
Nonfarm, nonresidential loans 3.0%
Multifamily residential loans 0.0%
1-4 family residential loans 1.0%
HELOC loans 1.0%
All other family 1.0%
Commercial & industrial loans 0.0%
Personal loans 10.0%
Credit card loans 0.0%
Other individual loans 10.0%
Auto loans 0.0%
Other consumer loans 10.0%
Unsecured commercial real estate loans 0.0%

Deposits

Type Value (in 000's)
Total deposits $1,740,228
Deposits held in domestic offices $1,740,228
Deposits by Individuals, partnerships, and corporations $1,723,868
Deposits by U.S. Government $70
Deposits by States and political subdivisions in the U.S. $16,268
Deposits by Commercial banks and other depository institutions in U.S. $22
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $649,224
Demand deposits $382,604
Nontransaction accounts $1,091,004
Money market deposit accounts (MMDAs) $181,635
Other savings deposits (excluding MMDAs) $702,879
Total time deposits $206,490
Total time and savings deposits $1,357,624
Noninterest-bearing deposits $382,604
Interest-bearing deposits $1,357,624
Retail deposits $1,678,215
IRAs and Keogh plan accounts $50,572
Brokered deposits $0
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $2,020,608
Cash & Balances due from depository institutions $109,480
Interest-bearing balances $74,715
Total securities $488,664
Federal funds sold & reverse repurchase $0
Net loans and leases $1,268,715
Loan and leases loss allowance $14,443
Trading account assets $0
Bank premises and fixed assets $51,480
Other real estate owned $1,000
Goodwill and other intangibles $35,779
All other assets $65,490

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $2,020,608
Total Liabilities $1,841,806
Total deposits $1,740,228
Interest-bearing deposits $1,357,624
Deposits held in domestic offices $1,740,228
% insured (estimated) $86
Federal funds purchased and repurchase agreements $88,444
Trading liabilities $0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $13,134

Issued Loan Types

Type Value (in 000's)
Net loans and leases $1,268,715
Loan and leases loss allowance $14,443
Total loans and leases (domestic) $1,283,158
All real estate loans $1,267,318
Real estate loans in domestic offices $1,267,318
Construction and development loans $51,869
Residential 1-4 family construction $12,089
Other construction, all land development and other land $39,780
Loans secured by nonfarm nonresidential properties $275,061
Nonfarm nonresidential secured by owner-occupied properties $30,195
Commercial real estate & other non-farm, non-residential $244,866
Multifamily residential real estate $679,338
1-4 family residential loans $260,226
Farmland loans $824
Loans held in foreign offices $0
Farm loans $0
Commercial and industrial loans $13,800
To non-U.S. addressees $0
Loans to individuals $364
Credit card loans $0
Related Plans $189
Consumer Auto Loans $0
Other loans to individuals $175
All other loans & leases $1,676
Loans to foreign governments and official institutions $0
Other loans $1,140
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 $6,704
Non 1-4 family restructured loans & leases $4,057
Total loans and leases (foreign) $0

Marquette Bank had $1,268,715,000 of loans outstanding in 2021. $1,267,318,000 of loans were in real estate loans. $51,869,000 of loans were in development loans. $679,338,000 of loans were in multifamily mortgage loans. $260,226,000 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 214 $51,584 $241,047
Nonfarm, nonresidential loans - <$100k 28 $817 $29,179
Nonfarm, nonresidential loans - $100-250k 70 $7,333 $104,757
Nonfarm, nonresidential loans - $250k-1MM 116 $43,434 $374,431
Commercial & Industrial, US addressed loans - <$1MM 159 $7,335 $46,132
Commercial & Industrial, US addressed loans - <$100k 112 $2,254 $20,125
Commercial & Industrial, US addressed loans - $100-250k 33 $1,996 $60,485
Commercial & Industrial, US addressed loans - $250k-1MM 14 $3,085 $220,357
Farmland loans - <$1MM 1 $249 $249,000
Farmland loans - $250k-1MM 1 $249 $249,000