Wintrust Bank N.a. Mortgage Rates, Fees & Info

Chicago, IL

LEI: 549300RAQJBTN6Z28096

Tax ID: 36-3970472

2021 Data | 2020 Data | 2019 Data | 2018 Data


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

256

Origination Dollar Volume (All Markets)

$321,060,000

Employee count

562

Top 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 applications
95.61%

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 origination
85.15%

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