Bank & Trust Company Mortgage Rates, Fees & Info
Litchfield, ILLEI: 549300TFL8UPEHU61608
Tax ID: 37-0388230
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Bank Data
Review & Overview
Bank & Trust Company is a smaller bank specializing in Home Purchase and Refi loans. Bank & Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Springfield, St. Louis, Taylorville, Charleston, and Chicago among others. We have data for 14 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 a below average pick rate when compared to similar lenders.
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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
204Origination Dollar Volume (All Markets)
$24,180,000Employee count
88Top 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) | 81 | $10,715,000 | $132,284 | $0 | 0.00% |
| Outside of Metro Areas | 59 | $5,455,000 | $92,458 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 45 | $4,805,000 | $106,778 | $0 | 0.00% |
| Taylorville, IL (FHA|USDA|VA) | 8 | $1,100,000 | $137,500 | $0 | 0.00% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 0.00% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| Lincoln, IL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| Charleston-Mattoon, IL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| DANVILLE, IL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
| PEORIA, IL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 204 | $24,180,000 | $118,529 | $0 | 0.00% |
For 2019, Bank & Trust Company's most frequently originated type of loan was Conventional, with 204 originations.
Loan Reason
For 2019, Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 116 originations. The 2nd most popular reason was Refi, with 57 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 204 | $24,180,000 | $118,529 | $0 | 0.00% |
For 2019, Bank & Trust Company's most frequently cited loan duration was Other, with 204 originations.
Loan Sizing
2019 saw Bank & Trust Company place emphasis on $100,000 or less loans with 111 originations, totaling $6,175,000 in origination value.
Applicant Income
Bank & Trust Company lent most frequently to those with incomes in the $50k-75k range, with 43 originations. The second most popular income band? $100k-150k, with 41 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 204 | $24,180,000 | $118,529 | $0 | 0.00% |
Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 204 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.21%
Bank & Trust Company has an average approval rate.
Pick Rate
Approvals leading to origination89.71%
Bank & Trust Company has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 204 | $24,180,000 | $118,529 |
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 | $51,529 |
| Bank & Trust Company | 204 South Cleveland Street Farmersville, IL 62533 | Full Service B&M | $22,140 |
| Bank & Trust Company | 401 North Madison Street Litchfield, IL 62056 | Full Service B&M | $120,221 |
| Bank & Trust Company | 900 West Main Street Carlinville, IL 62626 | Full Service B&M | $27,314 |
| Bank & Trust Company | Illinois Route 48 And West Street Raymond, IL 62560 | Full Service B&M | $20,943 |
| Bank & Trust Company | Route 16 And 66 Litchfield, IL 62056 | Full Service B&M | $5,415 |
| Bank & Trust Company | Route 29 And Walnut Rochester, IL 62563 | Full Service B&M | $29,606 |
For 2019, Bank & Trust Company had 7 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $14,726 |
| Net interest income | $11,327 |
| Total noninterest income | $2,426 |
| Gross Fiduciary activities income | $772 |
| Service charges on deposit accounts | $748 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $906 |
| Pre-tax net operating income | $4,559 |
| Securities gains (or losses, -) | $-2 |
| Income before extraordinary items | $3,366 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $3,366 |
| Minority interest net income | $0 |
| Net income | $3,366 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $3,367 |
Bank & Trust Company's gross interest income from loans was $14,726,000.
Bank & Trust Company's net interest income from loans was $11,327,000.
Bank & Trust Company's fee based income from loans was $748,000.
Bank & Trust Company's net income from loans was $3,366,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $3,399 |
| Provision for credit losses | $460 |
| Total noninterest expense | $8,734 |
| Salaries and employee benefits | $5,706 |
| Premises and equipment expense | $998 |
| Additional noninterest expense | $2,030 |
| Applicable income taxes | $1,191 |
| Net charge-offs | $304 |
| Cash dividends | $850 |
Bank & Trust Company's interest expense for loans was $3,399,000.
Bank & Trust Company's payroll and benefits expense were $5,706,000.
Bank & Trust Company's property, plant and equipment expenses $998,000.
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 | 1.0% |
| Other consumer loans | 0.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $293,662 |
| Deposits held in domestic offices | $293,662 |
| Deposits by Individuals, partnerships, and corporations | $266,881 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $26,781 |
| 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 | $106,228 |
| Demand deposits | $44,334 |
| Nontransaction accounts | $187,434 |
| Money market deposit accounts (MMDAs) | $8,451 |
| Other savings deposits (excluding MMDAs) | $45,500 |
| Total time deposits | $133,483 |
| Total time and savings deposits | $249,328 |
| Noninterest-bearing deposits | $44,335 |
| Interest-bearing deposits | $249,327 |
| Retail deposits | $277,769 |
| IRAs and Keogh plan accounts | $13,112 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $346,631 |
| Cash & Balances due from depository institutions | $12,061 |
| Interest-bearing balances | $4,165 |
| Total securities | $77,783 |
| Federal funds sold & reverse repurchase | $427 |
| Net loans and leases | $247,772 |
| Loan and leases loss allowance | $3,785 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $4,096 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $723 |
| All other assets | $3,769 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $346,631 |
| Total Liabilities | $309,697 |
| Total deposits | $293,662 |
| Interest-bearing deposits | $249,327 |
| Deposits held in domestic offices | $293,662 |
| % insured (estimated) | $86 |
| Federal funds purchased and repurchase agreements | $3,513 |
| Trading liabilities | $0 |
| Other borrowed funds | $11,225 |
| Subordinated debt | $0 |
| All other liabilities | $1,297 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $247,772 |
| Loan and leases loss allowance | $3,785 |
| Total loans and leases (domestic) | $251,557 |
| All real estate loans | $189,287 |
| Real estate loans in domestic offices | $189,287 |
| Construction and development loans | $6,297 |
| Residential 1-4 family construction | $4,469 |
| Other construction, all land development and other land | $1,828 |
| Loans secured by nonfarm nonresidential properties | $69,633 |
| Nonfarm nonresidential secured by owner-occupied properties | $61,208 |
| Commercial real estate & other non-farm, non-residential | $8,425 |
| Multifamily residential real estate | $6,504 |
| 1-4 family residential loans | $60,300 |
| Farmland loans | $46,553 |
| Loans held in foreign offices | $0 |
| Farm loans | $10,499 |
| Commercial and industrial loans | $30,084 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $20,295 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $5,949 |
| Other loans to individuals | $14,346 |
| All other loans & leases | $1,392 |
| 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 | $1,066 |
| Non 1-4 family restructured loans & leases | $241 |
| Total loans and leases (foreign) | $0 |
Bank & Trust Company had $247,772,000 of loans outstanding in 2019. $189,287,000 of loans were in real estate loans. $6,297,000 of loans were in development loans. $6,504,000 of loans were in multifamily mortgage loans. $60,300,000 of loans were in 1-4 family mortgage loans. $10,499,000 of loans were in farm loans. $0 of loans were in credit card loans. $5,949,000 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 | 162 | $24,407 | $150,660 |
| Nonfarm, nonresidential loans - <$100k | 66 | $2,591 | $39,258 |
| Nonfarm, nonresidential loans - $100-250k | 43 | $5,092 | $118,419 |
| Nonfarm, nonresidential loans - $250k-1MM | 53 | $16,724 | $315,547 |
| Commercial & Industrial, US addressed loans - <$1MM | 313 | $13,056 | $41,712 |
| Commercial & Industrial, US addressed loans - <$100k | 267 | $6,479 | $24,266 |
| Commercial & Industrial, US addressed loans - $100-250k | 32 | $3,272 | $102,250 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 14 | $3,305 | $236,071 |
| Farmland loans - <$1MM | 120 | $14,898 | $124,150 |
| Farmland loans - <$100k | 45 | $1,596 | $35,467 |
| Farmland loans - $100-250k | 44 | $5,121 | $116,386 |
| Farmland loans - $250k-1MM | 31 | $8,181 | $263,903 |
| Agriculture operations loans - <$1MM | 86 | $5,971 | $69,430 |
| Agriculture operations loans - <$100k | 57 | $1,542 | $27,053 |
| Agriculture operations loans - $100-250k | 20 | $2,182 | $109,100 |
| Agriculture operations loans - $250k-1MM | 9 | $2,247 | $249,667 |