Wintrust Bank N.a. Mortgage Rates, Fees & Info
Chicago, ILLEI: 549300RAQJBTN6Z28096
Tax ID: 36-3970472
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Overview
Wintrust Bank N.a. is a smaller bank specializing in Refi and Home Purchase loans. Wintrust Bank N.a. has a high proportion of conventional loans. Their top markets include Chicago, Detroit, Hilo, Battle Creek, and St. Louis among others. Wintrust Bank N.a. has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors.Originations
256Origination Dollar Volume (All Markets)
$321,060,000Employee count
562Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 227 | $255,175,000 | $1,124,119 | $0 | 0.00% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $11,435,000 | $11,435,000 | $0 | 0.00% |
| Hilo, HI (FHA|USDA|VA) | 1 | $8,995,000 | $8,995,000 | $0 | 0.00% |
| BATTLE CREEK, MI (FHA|USDA|VA) | 1 | $8,005,000 | $8,005,000 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $7,505,000 | $7,505,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $7,410,000 | $3,705,000 | $0 | 0.00% |
| Outside of Metro Areas | 4 | $4,670,000 | $1,167,500 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $4,005,000 | $4,005,000 | $0 | 0.00% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $2,205,000 | $2,205,000 | $0 | 0.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $1,740,000 | $870,000 | $0 | 0.00% |
| NILES, MI (FHA|USDA|VA) | 2 | $1,700,000 | $850,000 | $0 | 0.00% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $1,165,000 | $1,165,000 | $0 | 0.00% |
| ANN ARBOR, MI (FHA|USDA|VA) | 1 | $1,045,000 | $1,045,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $965,000 | $965,000 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $785,000 | $785,000 | $0 | 0.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $735,000 | $735,000 | $0 | 0.00% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $0 | 0.00% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| RACINE, WI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
Wintrust Bank N.a.'s top markets include Chicago, Detroit, Hilo, Battle Creek, and St. Louis among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 256 | $321,060,000 | $1,254,141 | $0 | 0.00% |
For the 2021 period, Wintrust Bank N.a.'s most frequently originated loan type of loans were Conventional, with 256 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Refi | 126 | $173,910,000 | $1,380,238 | $0 | 0.00% |
| Home Purchase | 100 | $126,430,000 | $1,264,300 | $0 | 0.00% |
| Cash Out Refi | 15 | $11,655,000 | $777,000 | $0 | 0.00% |
| Other | 10 | $5,720,000 | $572,000 | $0 | 0.00% |
| Home Improvement | 5 | $3,345,000 | $669,000 | $0 | 0.00% |
For the 2021, Wintrust Bank N.a.'s most frequently cited loan purpose of loans were Refi, with 126 originations. The 2nd most popular reason of loans were Home Purchase, with 100 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 256 | $321,060,000 | $1,254,141 | $0 | 0.00% |
For the 2021, Wintrust Bank N.a.'s most frequently cited loan length of loans were Other, with 256 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $1MM+ | 78 | $233,840,000 | $2,997,949 | $0 | 0.00% |
| $600k-1MM | 60 | $47,370,000 | $789,500 | $0 | 0.00% |
| $200k-400k | 46 | $13,670,000 | $297,174 | $0 | 0.00% |
| $400k-600k | 45 | $22,825,000 | $507,222 | $0 | 0.00% |
| $100k-200k | 17 | $2,745,000 | $161,471 | $0 | 0.00% |
| $100,000 or less | 10 | $610,000 | $61,000 | $0 | 0.00% |
2021 saw Wintrust Bank N.a. place emphasis on $1MM+ loans with 78 originations, totaling $233,840,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $250k+ | 64 | $79,510,000 | $1,242,344 | $0 | 0.00% |
| $150k-250k | 30 | $14,340,000 | $478,000 | $0 | 0.00% |
| $100k-150k | 19 | $7,735,000 | $407,105 | $0 | 0.00% |
| $50k-75k | 15 | $3,085,000 | $205,667 | $0 | 0.00% |
| $50k or less | 4 | $600,000 | $150,000 | $0 | 0.00% |
| $75k-100k | 3 | $825,000 | $275,000 | $0 | 0.00% |
Wintrust Bank N.a. lent most frequently to those with incomes in the $250k+ range, with 64 originations. The second most popular income band? $150k-250k, with 30 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 256 | $321,060,000 | $1,254,141 | $0 | 0.00% |
Wintrust Bank N.a. lent most frequently to those with DTI ratios of Exempt%, with 256 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 108 | $205,970,000 | $1,907,130 | $0 | 0.00% |
| White | 109 | $84,445,000 | $774,725 | $0 | 0.00% |
| Not provided | 23 | $23,775,000 | $1,033,696 | $0 | 0.00% |
| Black | 7 | $2,285,000 | $326,429 | $0 | 0.00% |
| Chinese | 1 | $1,925,000 | $1,925,000 | $0 | 0.00% |
| Asian | 6 | $1,220,000 | $203,333 | $0 | 0.00% |
| Asian Indian | 1 | $755,000 | $755,000 | $0 | 0.00% |
| Native Hawaiian | 1 | $685,000 | $685,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications95.61%
Wintrust Bank N.a. has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination85.15%
Wintrust Bank N.a. has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 256 | $321,060,000 | $1,254,141 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 256 | $321,060,000 | $1,254,141 |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Wintrust Bank, National Association | 1000 North Rush Street Chicago, IL 60611 | Full Service B&M | $86,030 |
| Wintrust Bank, National Association | 100 West North Avenue Chicago, IL 60610 | Full Service B&M | $198,818 |
| Wintrust Bank, National Association | 4343 N Elston Avenue Chicago, IL 60641 | Full Service B&M | $111,612 |
| Wintrust Bank, National Association | 4343 West Peterson Chicago, IL 60646 | Full Service B&M | $215,728 |
| Wintrust Bank, National Association | 4369 North Harlem Avenue Norridge, IL 60706 | Full Service B&M | $189,757 |
| Wintrust Bank, National Association | 4800 North Sheridan Road Chicago, IL 60640 | Full Service B&M | $15,501 |
| Wintrust Bank, National Association | 576 Lincoln Avenue Winnetka, IL 60093 | Full Service B&M | $143,772 |
| Wintrust Bank, National Association | 6336 North Milwaukee Avenue Chicago, IL 60646 | Full Service B&M | $68,881 |
| Wintrust Bank, National Association | 635 Vernon Avenue Glencoe, IL 60022 | Limited, Drive-thru | $0 |
| Wintrust Bank, National Association | 70 West Madison Street Chicago, IL 60602 | Full Service B&M | $42,454 |
| Wintrust Bank, National Association | 720 12th Street Wilmette, IL 60091 | Limited, Drive-thru | $0 |
| Wintrust Bank, National Association | 7555 North Western Avenue Chicago, IL 60645 | Full Service B&M | $46,699 |
| Wintrust Bank, National Association | 7800 Lincoln Ave Skokie, IL 60077 | Full Service B&M | $344,935 |
| Wintrust Bank, National Association | 2400 West Madison Street Chicago, IL 60612 | Full Service B&M | $22,622 |
| Wintrust Bank, National Association | 247 South State Street Chicago, IL 60604 | Full Service B&M | $4,062 |
| Wintrust Bank, National Association | 2642 W. Ogden Ave. Chicago, IL 60608 | Full Service B&M | $139 |
| Wintrust Bank, National Association | 2814 W. Fullerton Chicago, IL 60647 | Full Service B&M | $47,663 |
| Wintrust Bank, National Association | 3050 North Harlem Avenue Chicago, IL 60634 | Full Service B&M | $74,729 |
| Wintrust Bank, National Association | 3234 N. Damen Avenue Chicago, IL 60618 | Full Service B&M | $38,954 |
| Wintrust Bank, National Association | 3354 West 26th Street Chicago, IL 60623 | Full Service B&M | $23,025 |
| Wintrust Bank, National Association | 360 East Ohio Street Chicago, IL 60611 | Limited, Drive-thru | $49,128 |
| Wintrust Bank, National Association | 362 Park Avenue Glencoe, IL 60022 | Full Service B&M | $175,564 |
| Wintrust Bank, National Association | 3620 North Clark Street Chicago, IL 60613 | Full Service B&M | $47,240 |
| Wintrust Bank, National Association | 431 North Clark Street Chicago, IL 60654 | Full Service B&M | $64,019 |
| Wintrust Bank, National Association | 801 West Fulton Market Chicago, IL 60607 | Full Service B&M | $9,618 |
| Wintrust Bank, National Association | 901 Grove Street Evanston, IL 60201 | Full Service B&M | $107,245 |
| Wintrust Bank, National Association | 1101 S. Homan Ave. Chicago, IL 60624 | Full Service B&M | $2,161 |
| Wintrust Bank, National Association | 1145 Wilmette Avenue Wilmette, IL 60091 | Full Service B&M | $456,662 |
| Wintrust Bank, National Association | 1740 Sherman Avenue Evanston, IL 60201 | Full Service B&M | $135,239 |
| Wintrust Bank, National Association | 1800 South Blue Island Avenue Chicago, IL 60608 | Full Service B&M | $38,058 |
| Wintrust Bank, National Association | 190 East Delaware Place Chicago, IL 60611 | Full Service B&M | $125,374 |
| Wintrust Bank, National Association | 1946 W Irving Park Road Chicago, IL 60613 | Full Service B&M | $114,175 |
| Wintrust Bank, National Association | 2139 West Irving Park Road Chicago, IL 60613 | Full Service B&M | $9,783 |
| Wintrust Bank, National Association | 2250 N. Sheffield Avenue Chicago, IL 60614 | Full Service B&M | $3,145 |
| Wintrust Bank, National Association | 2300 West Lawrence Avenue Chicago, IL 60625 | Full Service B&M | $93,530 |
| Wintrust Bank, National Association | 231 South La Salle Street Chicago, IL 60604 | Full Service B&M | $4,476,982 |
For 2021, Wintrust Bank N.a. had 36 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $237,573 |
| Net interest income | $218,542 |
| Total noninterest income | $119,739 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $15,317 |
| Trading account gains and fees | $7,945 |
| Additional Noninterest Income | $96,477 |
| Pre-tax net operating income | $168,134 |
| Securities gains (or losses, -) | $13 |
| Income before extraordinary items | $123,386 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $123,386 |
| Minority interest net income | $0 |
| Net income | $123,386 |
| Sale, conversion, retirement of capital stock, net | $2,523 |
| Net operating income | $123,375 |
Wintrust Bank N.a.'s gross interest income from loans was $237,573,000.
Wintrust Bank N.a.'s net interest income from loans was $218,542,000.
Wintrust Bank N.a.'s fee based income from loans was $15,317,000.
Wintrust Bank N.a.'s net income from loans was $123,386,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $19,031 |
| Provision for credit losses | $-11,582 |
| Total noninterest expense | $181,729 |
| Salaries and employee benefits | $100,412 |
| Premises and equipment expense | $18,788 |
| Additional noninterest expense | $62,529 |
| Applicable income taxes | $44,761 |
| Net charge-offs | $13,364 |
| Cash dividends | $15,000 |
Wintrust Bank N.a.'s interest expense for loans was $19,031,000.
Wintrust Bank N.a.'s payroll and benefits expense were $100,412,000.
Wintrust Bank N.a.'s property, plant and equipment expenses $18,788,000.
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 | $8,456,654 |
| Deposits held in domestic offices | $8,456,654 |
| Deposits by Individuals, partnerships, and corporations | $8,215,332 |
| Deposits by U.S. Government | $1 |
| Deposits by States and political subdivisions in the U.S. | $226,474 |
| Deposits by Commercial banks and other depository institutions in U.S. | $14,847 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $4,011,769 |
| Demand deposits | $3,988,533 |
| Nontransaction accounts | $4,444,885 |
| Money market deposit accounts (MMDAs) | $3,180,424 |
| Other savings deposits (excluding MMDAs) | $545,509 |
| Total time deposits | $718,952 |
| Total time and savings deposits | $4,468,121 |
| Noninterest-bearing deposits | $3,725,507 |
| Interest-bearing deposits | $4,731,147 |
| Retail deposits | $7,956,366 |
| IRAs and Keogh plan accounts | $125,722 |
| Brokered deposits | $292,642 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $9,586,442 |
| Cash & Balances due from depository institutions | $1,298,606 |
| Interest-bearing balances | $1,248,059 |
| Total securities | $335,952 |
| Federal funds sold & reverse repurchase | $225,004 |
| Net loans and leases | $7,251,983 |
| Loan and leases loss allowance | $66,711 |
| Trading account assets | $33,987 |
| Bank premises and fixed assets | $122,722 |
| Other real estate owned | $318 |
| Goodwill and other intangibles | $62,676 |
| All other assets | $255,194 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $9,586,442 |
| Total Liabilities | $8,688,552 |
| Total deposits | $8,456,654 |
| Interest-bearing deposits | $4,731,147 |
| Deposits held in domestic offices | $8,456,654 |
| % insured (estimated) | $41 |
| Federal funds purchased and repurchase agreements | $8,722 |
| Trading liabilities | $32,906 |
| Other borrowed funds | $91,201 |
| Subordinated debt | $0 |
| All other liabilities | $99,069 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $7,251,983 |
| Loan and leases loss allowance | $66,711 |
| Total loans and leases (domestic) | $7,318,694 |
| All real estate loans | $2,791,741 |
| Real estate loans in domestic offices | $2,791,741 |
| Construction and development loans | $437,357 |
| Residential 1-4 family construction | $19,090 |
| Other construction, all land development and other land | $418,267 |
| Loans secured by nonfarm nonresidential properties | $1,501,063 |
| Nonfarm nonresidential secured by owner-occupied properties | $327,423 |
| Commercial real estate & other non-farm, non-residential | $1,173,640 |
| Multifamily residential real estate | $421,260 |
| 1-4 family residential loans | $431,912 |
| Farmland loans | $149 |
| Loans held in foreign offices | $0 |
| Farm loans | $528 |
| Commercial and industrial loans | $3,661,778 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $594,749 |
| Credit card loans | $0 |
| Related Plans | $1,651 |
| Consumer Auto Loans | $25 |
| Other loans to individuals | $593,073 |
| All other loans & leases | $269,898 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $64,010 |
| Loans to depository institutions and acceptances of other banks | $8,478 |
| Loans not secured by real estate | $51,815 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $5,562 |
| Non 1-4 family restructured loans & leases | $3,267 |
| Total loans and leases (foreign) | $0 |
Wintrust Bank N.A. had $7,251,983,000 of loans outstanding in 2021. $2,791,741,000 of loans were in real estate loans. $437,357,000 of loans were in development loans. $421,260,000 of loans were in multifamily mortgage loans. $431,912,000 of loans were in 1-4 family mortgage loans. $528,000 of loans were in farm loans. $0 of loans were in credit card loans. $25,000 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 | 394 | $153,975 | $390,799 |
| Nonfarm, nonresidential loans - <$100k | 19 | $1,080 | $56,842 |
| Nonfarm, nonresidential loans - $100-250k | 84 | $12,941 | $154,060 |
| Nonfarm, nonresidential loans - $250k-1MM | 291 | $139,954 | $480,942 |
| Commercial & Industrial, US addressed loans - <$1MM | 13,471 | $496,684 | $36,871 |
| Commercial & Industrial, US addressed loans - <$100k | 11,785 | $115,304 | $9,784 |
| Commercial & Industrial, US addressed loans - $100-250k | 894 | $94,005 | $105,151 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 792 | $287,375 | $362,847 |
| Farmland loans - <$1MM | 1 | $149 | $149,000 |
| Farmland loans - $100-250k | 1 | $149 | $149,000 |
