Bank & Trust Company Mortgage Rates, Fees & Info
Litchfield, ILLEI: 549300TFL8UPEHU61608
Tax ID: 37-0388230
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Mortgage Data
Bank Data
Review & Overview
Bank & Trust Company is a smaller bank specializing in Home Purchase loans. Bank & Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Springfield, Peoria, St. Louis, Taylorville, and Chicago among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)Bank & Trust Company has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
151Origination Dollar Volume (All Markets)
$29,485,000Employee count
89Top 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 |
|---|---|---|---|---|---|
| SPRINGFIELD, IL (FHA|USDA|VA) | 50 | $9,560,000 | $191,200 | $0 | 0.00% |
| PEORIA, IL (FHA|USDA|VA) | 1 | $7,505,000 | $7,505,000 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 41 | $4,765,000 | $116,220 | $0 | 0.00% |
| Outside of Metro Areas | 45 | $4,055,000 | $90,111 | $0 | 0.00% |
| Taylorville, IL (FHA|USDA|VA) | 4 | $930,000 | $232,500 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 2 | $800,000 | $400,000 | $0 | 0.00% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $0 | 0.00% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| Jacksonville, IL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 151 | $29,485,000 | $195,265 | $0 | 0.00% |
For 2018, Bank & Trust Company's most frequently originated type of loan was Conventional, with 151 originations.
Loan Reason
For 2018, Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 100 originations. The 2nd most popular reason was Refi, with 33 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 151 | $29,485,000 | $195,265 | $0 | 0.00% |
For 2018, Bank & Trust Company's most frequently cited loan duration was Other, with 151 originations.
Loan Sizing
2018 saw Bank & Trust Company place emphasis on $100,000 or less loans with 73 originations, totaling $3,795,000 in origination value.
Applicant Income
Bank & Trust Company lent most frequently to those with incomes in the $50k or less range, with 33 originations. The second most popular income band? $75k-100k, with 30 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 151 | $29,485,000 | $195,265 | $0 | 0.00% |
Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 151 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.96%
Bank & Trust Company has an average approval rate.
Pick Rate
Approvals leading to origination94.04%
Bank & Trust Company has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 151 | $29,485,000 | $195,265 |
Occupancy Type Mix
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Bank & Trust Company | 10 Plummer Boulevard Chatham, IL 62629 | Full Service B&M | $49,122 |
| Bank & Trust Company | 204 South Cleveland Street Farmersville, IL 62533 | Full Service B&M | $21,388 |
| Bank & Trust Company | 401 North Madison Street Litchfield, IL 62056 | Full Service B&M | $107,294 |
| Bank & Trust Company | 900 West Main Street Carlinville, IL 62626 | Full Service B&M | $27,350 |
| Bank & Trust Company | Illinois Route 48 And West Street Raymond, IL 62560 | Full Service B&M | $22,899 |
| Bank & Trust Company | Route 16 And 66 Litchfield, IL 62056 | Full Service B&M | $5,226 |
| Bank & Trust Company | Route 29 And Walnut Rochester, IL 62563 | Full Service B&M | $28,331 |
For 2018, Bank & Trust Company had 7 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $12,546 |
| Net interest income | $10,303 |
| Total noninterest income | $2,246 |
| Gross Fiduciary activities income | $718 |
| Service charges on deposit accounts | $754 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $774 |
| Pre-tax net operating income | $3,730 |
| Securities gains (or losses, -) | $26 |
| Income before extraordinary items | $2,824 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $2,824 |
| Minority interest net income | $0 |
| Net income | $2,824 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $2,803 |
Bank & Trust Company's gross interest income from loans was $12,546,000.
Bank & Trust Company's net interest income from loans was $10,303,000.
Bank & Trust Company's fee based income from loans was $754,000.
Bank & Trust Company's net income from loans was $2,824,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $2,243 |
| Provision for credit losses | $120 |
| Total noninterest expense | $8,699 |
| Salaries and employee benefits | $5,589 |
| Premises and equipment expense | $1,052 |
| Additional noninterest expense | $2,058 |
| Applicable income taxes | $932 |
| Net charge-offs | $321 |
| Cash dividends | $775 |
Bank & Trust Company's interest expense for loans was $2,243,000.
Bank & Trust Company's payroll and benefits expense were $5,589,000.
Bank & Trust Company's property, plant and equipment expenses $1,052,000.
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 | $272,722 |
| Deposits held in domestic offices | $272,722 |
| Deposits by Individuals, partnerships, and corporations | $250,870 |
| Deposits by U.S. Government | $1 |
| Deposits by States and political subdivisions in the U.S. | $21,851 |
| 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 | $95,715 |
| Demand deposits | $40,672 |
| Nontransaction accounts | $177,007 |
| Money market deposit accounts (MMDAs) | $12,678 |
| Other savings deposits (excluding MMDAs) | $42,371 |
| Total time deposits | $121,958 |
| Total time and savings deposits | $232,050 |
| Noninterest-bearing deposits | $40,672 |
| Interest-bearing deposits | $232,050 |
| Retail deposits | $254,849 |
| IRAs and Keogh plan accounts | $14,013 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $320,783 |
| Cash & Balances due from depository institutions | $8,858 |
| Interest-bearing balances | $3,675 |
| Total securities | $71,262 |
| Federal funds sold & reverse repurchase | $1,768 |
| Net loans and leases | $230,555 |
| Loan and leases loss allowance | $3,629 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $4,196 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $722 |
| All other assets | $3,422 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $320,783 |
| Total Liabilities | $287,664 |
| Total deposits | $272,722 |
| Interest-bearing deposits | $232,050 |
| Deposits held in domestic offices | $272,722 |
| % insured (estimated) | $86 |
| Federal funds purchased and repurchase agreements | $4,748 |
| Trading liabilities | $0 |
| Other borrowed funds | $9,198 |
| Subordinated debt | $0 |
| All other liabilities | $996 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $230,555 |
| Loan and leases loss allowance | $3,629 |
| Total loans and leases (domestic) | $234,184 |
| All real estate loans | $176,243 |
| Real estate loans in domestic offices | $176,243 |
| Construction and development loans | $5,023 |
| Residential 1-4 family construction | $5,023 |
| Other construction, all land development and other land | $0 |
| Loans secured by nonfarm nonresidential properties | $56,778 |
| Nonfarm nonresidential secured by owner-occupied properties | $52,604 |
| Commercial real estate & other non-farm, non-residential | $4,174 |
| Multifamily residential real estate | $6,703 |
| 1-4 family residential loans | $66,634 |
| Farmland loans | $41,105 |
| Loans held in foreign offices | $0 |
| Farm loans | $11,372 |
| Commercial and industrial loans | $25,321 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $20,467 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $5,691 |
| Other loans to individuals | $14,776 |
| All other loans & leases | $781 |
| 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 | $1,848 |
| Non 1-4 family restructured loans & leases | $255 |
| Total loans and leases (foreign) | $0 |
Bank & Trust Company had $230,555,000 of loans outstanding in 2018. $176,243,000 of loans were in real estate loans. $5,023,000 of loans were in development loans. $6,703,000 of loans were in multifamily mortgage loans. $66,634,000 of loans were in 1-4 family mortgage loans. $11,372,000 of loans were in farm loans. $0 of loans were in credit card loans. $5,691,000 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 | 160 | $21,186 | $132,413 |
| Nonfarm, nonresidential loans - <$100k | 71 | $2,674 | $37,662 |
| Nonfarm, nonresidential loans - $100-250k | 44 | $5,265 | $119,659 |
| Nonfarm, nonresidential loans - $250k-1MM | 45 | $13,247 | $294,378 |
| Commercial & Industrial, US addressed loans - <$1MM | 329 | $14,630 | $44,468 |
| Commercial & Industrial, US addressed loans - <$100k | 283 | $6,622 | $23,399 |
| Commercial & Industrial, US addressed loans - $100-250k | 29 | $2,836 | $97,793 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 17 | $5,172 | $304,235 |
| Farmland loans - <$1MM | 119 | $13,719 | $115,286 |
| Farmland loans - <$100k | 46 | $1,676 | $36,435 |
| Farmland loans - $100-250k | 45 | $4,901 | $108,911 |
| Farmland loans - $250k-1MM | 28 | $7,142 | $255,071 |
| Agriculture operations loans - <$1MM | 92 | $6,142 | $66,761 |
| Agriculture operations loans - <$100k | 64 | $1,460 | $22,813 |
| Agriculture operations loans - $100-250k | 19 | $1,960 | $103,158 |
| Agriculture operations loans - $250k-1MM | 9 | $2,722 | $302,444 |