Marquette Bank Mortgage Rates, Fees & Info
Chicago, ILLEI: 549300QX0QWWJKEY4R28
Tax ID: 36-2031498
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Bank Data
Review & Overview
Marquette Bank is a smaller bank specializing in Refi 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 by origination volume include: Chicago, Peoria, Fort Wayne, Phoenix, and Birmingham among others. We have data for 49 markets. (Some data included below & more in-depth data is available with an active subscription.)Marquette 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. Marquette 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
---|---|---|
30 Year Conventional Purchase | 6.48% | 11/17/24 |
30 Year Conventional Refi | 6.33% | 11/17/24 |
30 Year Cash-out Refi | 6.69% | 11/17/24 |
30 Year FHA Purchase | 7.00% | 11/17/24 |
30 Year FHA Refi | 7.25% | 11/17/24 |
15 Year Conventional Purchase | 5.88% | 11/17/24 |
15 Year Conventional Refi | 6.13% | 11/17/24 |
15 Year Cash-out Refi | 6.13% | 11/17/24 |
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. |
Marquette Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,611Origination Dollar Volume (All Markets)
$515,855,000Employee count
325 Show all (5) awardsMarquette Bank - 2020
Marquette Bank is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
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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 |
---|---|---|---|---|---|
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1,508 | $480,770,000 | $318,813 | $2,156 | 3.03% |
PEORIA, IL (FHA|USDA|VA) | 1 | $6,695,000 | $6,695,000 | $0 | 3.75% |
FORT WAYNE, IN (FHA|USDA|VA) | 1 | $3,805,000 | $3,805,000 | $0 | 3.50% |
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 11 | $2,885,000 | $262,273 | $3,470 | 2.97% |
Outside of Metro Areas | 12 | $2,290,000 | $190,833 | $2,336 | 2.90% |
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 6 | $1,610,000 | $268,333 | $2,529 | 2.56% |
NILES, MI (FHA|USDA|VA) | 3 | $1,555,000 | $518,333 | $3,523 | 3.13% |
KANKAKEE, IL (FHA|USDA|VA) | 7 | $1,375,000 | $196,429 | $1,788 | 2.93% |
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 3 | $1,145,000 | $381,667 | $4,287 | 3.13% |
MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 4 | $1,090,000 | $272,500 | $2,270 | 2.91% |
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 3 | $1,055,000 | $351,667 | $2,923 | 3.17% |
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 4 | $960,000 | $240,000 | $2,622 | 3.06% |
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 3 | $895,000 | $298,333 | $2,108 | 2.71% |
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 3 | $865,000 | $288,333 | $2,355 | 3.08% |
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 3 | $745,000 | $248,333 | $2,913 | 3.29% |
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $3,549 | 2.69% |
Manitowoc, WI (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $2,242 | 3.13% |
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $5,505 | 3.13% |
PITTSBURGH, PA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $4,253 | 3.25% |
Holland, MI (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $2,096 | 2.83% |
Ottawa, IL (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $1,657 | 2.31% |
KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $2,440 | 2.50% |
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $2,680 | 2.38% |
OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $2,930 | 2.50% |
ERIE, PA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $3,852 | 3.13% |
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $2,955 | 2.25% |
TUCSON, AZ (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,324 | 2.75% |
BLOOMINGTON, IL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,203 | 3.38% |
BOISE CITY, ID (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,540 | 2.50% |
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,279 | 2.88% |
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,163 | 3.38% |
MODESTO, CA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 4.00% |
MONTGOMERY, AL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 4.13% |
Whitewater, WI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 2.88% |
KNOXVILLE, TN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,123 | 2.88% |
Harrison, AR (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,063 | 3.75% |
Coldwater, MI (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $1,935 | 2.50% |
Sturgis, MI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,539 | 2.75% |
ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $1,900 | 3.00% |
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,726 | 3.38% |
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,065 | 2.88% |
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $1,616 | 3.25% |
ELKHART-GOSHEN, IN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,281 | 4.00% |
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,978 | 2.88% |
Pontiac, IL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $1,856 | 3.00% |
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,081 | 3.00% |
Rutland, VT (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,571 | 2.88% |
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.63% |
ROCKFORD, IL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 4.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Marquette Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Conventional | 1,567 | $507,495,000 | $323,864 | $2,101 | 3.03% |
FHA | 44 | $8,360,000 | $190,000 | $6,927 | 3.07% |
For 2020, Marquette Bank's most frequently originated type of loan was Conventional, with 1,567 originations. Their 2nd most popular type was FHA, with 44 originations.
Loan Reason
For 2020, Marquette Bank's most frequently cited loan purpose was Refi, with 933 originations. The 2nd most popular reason was Home Purchase, with 317 originations.
Loan Duration/Length
For 2020, Marquette Bank's most frequently cited loan duration was 30 Year, with 848 originations. The 2nd most popular length was 15 Year, with 340 originations.
Origination Fees/Closing Costs
Marquette Bank's average total fees were $2,764, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,330 originations.
Interest Rates
During 2020, Marquette Bank's average interest rate for loans was 3.18%, while their most frequently originated rate bucket for loans was 2.5-3%, with 690 originations.
Loan Sizing
2020 saw Marquette Bank place emphasis on $200k-400k loans with 693 originations, totaling $193,375,000 in origination value.
Applicant Income
Marquette Bank lent most frequently to those with incomes in the $100k-150k range, with 405 originations. The second most popular income band? $75k-100k, with 318 originations.
Applicant Debt to Income Ratio
Marquette Bank lent most frequently to those with DTI ratios of 20-30%, with 377 originations. The next most common DTI ratio? 30-36%, with 311 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.13%
Marquette Bank has an average approval rate.
Pick Rate
Approvals leading to origination89.82%
Marquette Bank has an average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
NA | 1,611 | $515,855,000 | $320,208 |
Occupancy Type Mix
LTV Distribution
Complaints
Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
---|---|---|---|---|
Market Place Mortgage Corp. | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |
Bank Details
Branches
Bank Name | Branch | Branch Type | Deposits (000's) |
---|---|---|---|
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 | $88,968 |
Marquette Bank | 15730 West 127th Street Lemont, IL 60439 | Full Service B&M | $61,817 |
Marquette Bank | 17865 South Wolf Road Orland Park, IL 60467 | Full Service B&M | $129,763 |
Marquette Bank | 1876 W. Airport Rd Romeoville, IL 60446 | Full Service B&M | $21,624 |
Marquette Bank | 234 Bolingbrook Drive Bolingbrook, IL 60440 | Full Service B&M | $31,790 |
Marquette Bank | 2570 East Lincoln Highway New Lenox, IL 60451 | Full Service B&M | $56,416 |
Marquette Bank | 3030 West Cermak Road Chicago, IL 60623 | Full Service B&M | $8,871 |
Marquette Bank | 3521 Archer Avenue Chicago, IL 60609 | Full Service B&M | $50,479 |
Marquette Bank | 5400 South Kedzie Avenue Chicago, IL 60632 | Full Service B&M | $32,625 |
Marquette Bank | 5700 West 159th Street Oak Forest, IL 60452 | Full Service B&M | $101,555 |
Marquette Bank | 615 West 31st Street Chicago, IL 60616 | Full Service B&M | $93,391 |
Marquette Bank | 6155 South Pulaski Road Chicago, IL 60629 | Full Service B&M | $90,436 |
Marquette Bank | 6316 South Western Avenue Chicago, IL 60636 | Full Service B&M | $78,742 |
Marquette Bank | 7447 West 63rd Street Summit, IL 60501 | Full Service B&M | $60,882 |
Marquette Bank | 7560 West 159th Street Orland Park, IL 60462 | Full Service B&M | $112,624 |
Marquette Bank | 8020 South Harlem Avenue Bridgeview, IL 60455 | Full Service B&M | $56,841 |
Marquette Bank | 8855 South Ridgeland Avenue Oak Lawn, IL 60453 | Full Service B&M | $72,446 |
Marquette Bank | 9335 South Kedzie Evergreen Park, IL 60805 | Full Service B&M | $84,001 |
Marquette Bank | 9503 South Roberts Road Hickory Hills, IL 60457 | Full Service B&M | $57,963 |
Marquette Bank | 9533 West 143rd Street Orland Park, IL 60462 | Full Service B&M | $175,275 |
Marquette Bank | 9858 South Western Avenue Chicago, IL 60805 | Full Service B&M | $23,026 |
Marquette Bank | Www.Emarquettebank.Com Orland Park, IL 60462 | Full Service Cyber Office | $10,854 |
For 2020, Marquette Bank had 23 branches.
Yearly Performance Overview
Bank Income
Item | Value (in 000's) |
---|---|
Total interest income | $56,623 |
Net interest income | $52,084 |
Total noninterest income | $18,863 |
Gross Fiduciary activities income | $1,885 |
Service charges on deposit accounts | $4,207 |
Trading account gains and fees | $0 |
Additional Noninterest Income | $12,771 |
Pre-tax net operating income | $13,382 |
Securities gains (or losses, -) | $2,471 |
Income before extraordinary items | $11,580 |
Discontinued Operations (Extraordinary gains, net) | $0 |
Net income of bank and minority interests | $11,580 |
Minority interest net income | $0 |
Net income | $11,580 |
Sale, conversion, retirement of capital stock, net | $0 |
Net operating income | $9,627 |
Marquette Bank's gross interest income from loans was $56,623,000.
Marquette Bank's net interest income from loans was $52,084,000.
Marquette Bank's fee based income from loans was $4,207,000.
Marquette Bank's net income from loans was $11,580,000.
Bank Expenses
Item | Value (in 000's) |
---|---|
Total interest expense | $4,539 |
Provision for credit losses | $1,809 |
Total noninterest expense | $55,756 |
Salaries and employee benefits | $29,195 |
Premises and equipment expense | $9,056 |
Additional noninterest expense | $17,505 |
Applicable income taxes | $4,273 |
Net charge-offs | $1,515 |
Cash dividends | $8,000 |
Marquette Bank's interest expense for loans was $4,539,000.
Marquette Bank's payroll and benefits expense were $29,195,000.
Marquette Bank's property, plant and equipment expenses $9,056,000.
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 | 5.0% |
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 | 17.0% |
Credit card loans | 0.0% |
Other individual loans | 17.0% |
Auto loans | 0.0% |
Other consumer loans | 17.0% |
Unsecured commercial real estate loans | 0.0% |
Deposits
Type | Value (in 000's) |
---|---|
Total deposits | $1,576,048 |
Deposits held in domestic offices | $1,576,048 |
Deposits by Individuals, partnerships, and corporations | $1,563,008 |
Deposits by U.S. Government | $6 |
Deposits by States and political subdivisions in the U.S. | $13,012 |
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 | $20,543 |
Demand deposits | $19,423 |
Nontransaction accounts | $1,555,505 |
Money market deposit accounts (MMDAs) | $724,100 |
Other savings deposits (excluding MMDAs) | $587,601 |
Total time deposits | $243,804 |
Total time and savings deposits | $1,556,625 |
Noninterest-bearing deposits | $332,602 |
Interest-bearing deposits | $1,243,446 |
Retail deposits | $1,495,372 |
IRAs and Keogh plan accounts | $52,345 |
Brokered deposits | $0 |
Deposits held in foreign offices | $0 |
Assets
Asset | Value (in 000's) |
---|---|
Total Assets | $1,850,614 |
Cash & Balances due from depository institutions | $51,585 |
Interest-bearing balances | $13,401 |
Total securities | $424,342 |
Federal funds sold & reverse repurchase | $0 |
Net loans and leases | $1,225,339 |
Loan and leases loss allowance | $14,286 |
Trading account assets | $0 |
Bank premises and fixed assets | $50,764 |
Other real estate owned | $2,028 |
Goodwill and other intangibles | $35,798 |
All other assets | $60,758 |
Liabilities
Liabilities | Value (in 000's) |
---|---|
Total liabilities and capital | $1,850,614 |
Total Liabilities | $1,669,606 |
Total deposits | $1,576,048 |
Interest-bearing deposits | $1,243,446 |
Deposits held in domestic offices | $1,576,048 |
% insured (estimated) | $87 |
Federal funds purchased and repurchase agreements | $76,659 |
Trading liabilities | $0 |
Other borrowed funds | $0 |
Subordinated debt | $0 |
All other liabilities | $16,899 |
Issued Loan Types
Type | Value (in 000's) |
---|---|
Net loans and leases | $1,225,339 |
Loan and leases loss allowance | $14,286 |
Total loans and leases (domestic) | $1,239,625 |
All real estate loans | $1,212,938 |
Real estate loans in domestic offices | $1,212,938 |
Construction and development loans | $62,480 |
Residential 1-4 family construction | $21,502 |
Other construction, all land development and other land | $40,978 |
Loans secured by nonfarm nonresidential properties | $292,133 |
Nonfarm nonresidential secured by owner-occupied properties | $59,335 |
Commercial real estate & other non-farm, non-residential | $232,798 |
Multifamily residential real estate | $594,290 |
1-4 family residential loans | $263,762 |
Farmland loans | $273 |
Loans held in foreign offices | $0 |
Farm loans | $0 |
Commercial and industrial loans | $23,929 |
To non-U.S. addressees | $0 |
Loans to individuals | $285 |
Credit card loans | $0 |
Related Plans | $138 |
Consumer Auto Loans | $0 |
Other loans to individuals | $147 |
All other loans & leases | $2,473 |
Loans to foreign governments and official institutions | $0 |
Other loans | $1,695 |
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 | $5,181 |
Non 1-4 family restructured loans & leases | $2,222 |
Total loans and leases (foreign) | $0 |
Marquette Bank had $1,225,339,000 of loans outstanding in 2020. $1,212,938,000 of loans were in real estate loans. $62,480,000 of loans were in development loans. $594,290,000 of loans were in multifamily mortgage loans. $263,762,000 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 | 229 | $58,642 | $256,079 |
Nonfarm, nonresidential loans - <$100k | 29 | $1,122 | $38,690 |
Nonfarm, nonresidential loans - $100-250k | 69 | $7,211 | $104,507 |
Nonfarm, nonresidential loans - $250k-1MM | 131 | $50,309 | $384,038 |
Commercial & Industrial, US addressed loans - <$1MM | 361 | $15,789 | $43,737 |
Commercial & Industrial, US addressed loans - <$100k | 297 | $6,366 | $21,434 |
Commercial & Industrial, US addressed loans - $100-250k | 45 | $3,620 | $80,444 |
Commercial & Industrial, US addressed loans - $250k-1MM | 19 | $5,803 | $305,421 |
Farmland loans - <$1MM | 1 | $273 | $273,000 |
Farmland loans - $250k-1MM | 1 | $273 | $273,000 |