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 and Refi loans. Bank & Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Springfield, St. Louis, Peoria, Naples, and Taylorville among others. We have data for 18 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.
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Originations
314Origination Dollar Volume (All Markets)
$51,640,000Employee count
84Top 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) | 114 | $17,120,000 | $150,175 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 80 | $10,030,000 | $125,375 | $0 | 0.00% |
| Outside of Metro Areas | 91 | $9,525,000 | $104,670 | $0 | 0.00% |
| PEORIA, IL (FHA|USDA|VA) | 3 | $9,105,000 | $3,035,000 | $0 | 0.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $1,250,000 | $625,000 | $0 | 0.00% |
| Taylorville, IL (FHA|USDA|VA) | 11 | $1,005,000 | $91,364 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $0 | 0.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 0.00% |
| DANVILLE, IL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| Jacksonville, IL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| Charleston-Mattoon, IL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 314 | $51,640,000 | $164,459 | $0 | 0.00% |
For 2021, Bank & Trust Company's most frequently originated type of loan was Conventional, with 314 originations.
Loan Reason
For 2021, Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 121 originations. The 2nd most popular reason was Refi, with 116 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 314 | $51,640,000 | $164,459 | $0 | 0.00% |
For 2021, Bank & Trust Company's most frequently cited loan duration was Other, with 314 originations.
Loan Sizing
2021 saw Bank & Trust Company place emphasis on $100,000 or less loans with 141 originations, totaling $8,535,000 in origination value.
Applicant Income
Bank & Trust Company lent most frequently to those with incomes in the $50k-75k range, with 71 originations. The second most popular income band? $100k-150k, with 63 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 314 | $51,640,000 | $164,459 | $0 | 0.00% |
Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 314 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.31%
Bank & Trust Company has an average approval rate.
Pick Rate
Approvals leading to origination89.17%
Bank & Trust Company has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 314 | $51,640,000 | $164,459 |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Bank & Trust Company | 10 Plummer Boulevard Chatham, IL 62629 | Full Service B&M | $62,451 |
| Bank & Trust Company | 204 South Cleveland Street Farmersville, IL 62533 | Full Service B&M | $30,380 |
| Bank & Trust Company | 401 North Madison Street Litchfield, IL 62056 | Full Service B&M | $151,121 |
| Bank & Trust Company | 900 West Main Street Carlinville, IL 62626 | Full Service B&M | $40,097 |
| Bank & Trust Company | Illinois Route 48 And West Street Raymond, IL 62560 | Full Service B&M | $26,343 |
| Bank & Trust Company | Route 16 And 66 Litchfield, IL 62056 | Full Service B&M | $6,219 |
| Bank & Trust Company | Route 29 And Walnut Rochester, IL 62563 | Full Service B&M | $36,035 |
For 2021, Bank & Trust Company had 7 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $13,875 |
| Net interest income | $11,647 |
| Total noninterest income | $3,012 |
| Gross Fiduciary activities income | $838 |
| Service charges on deposit accounts | $568 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $1,606 |
| Pre-tax net operating income | $4,982 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $3,797 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $3,797 |
| Minority interest net income | $0 |
| Net income | $3,797 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $3,797 |
Bank & Trust Company's gross interest income from loans was $13,875,000.
Bank & Trust Company's net interest income from loans was $11,647,000.
Bank & Trust Company's fee based income from loans was $568,000.
Bank & Trust Company's net income from loans was $3,797,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $2,228 |
| Provision for credit losses | $360 |
| Total noninterest expense | $9,317 |
| Salaries and employee benefits | $6,086 |
| Premises and equipment expense | $1,000 |
| Additional noninterest expense | $2,231 |
| Applicable income taxes | $1,185 |
| Net charge-offs | $275 |
| Cash dividends | $0 |
Bank & Trust Company's interest expense for loans was $2,228,000.
Bank & Trust Company's payroll and benefits expense were $6,086,000.
Bank & Trust Company's property, plant and equipment expenses $1,000,000.
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 | 1.0% |
| Credit card loans | 0.0% |
| Other individual loans | 1.0% |
| Auto loans | 1.0% |
| Other consumer loans | 1.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $362,011 |
| Deposits held in domestic offices | $362,011 |
| Deposits by Individuals, partnerships, and corporations | $339,640 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $22,370 |
| Deposits by Commercial banks and other depository institutions in U.S. | $1 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $154,816 |
| Demand deposits | $77,279 |
| Nontransaction accounts | $207,195 |
| Money market deposit accounts (MMDAs) | $45,925 |
| Other savings deposits (excluding MMDAs) | $66,292 |
| Total time deposits | $94,978 |
| Total time and savings deposits | $284,732 |
| Noninterest-bearing deposits | $77,279 |
| Interest-bearing deposits | $284,732 |
| Retail deposits | $357,362 |
| IRAs and Keogh plan accounts | $12,534 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $429,447 |
| Cash & Balances due from depository institutions | $16,729 |
| Interest-bearing balances | $9,420 |
| Total securities | $133,062 |
| Federal funds sold & reverse repurchase | $14,449 |
| Net loans and leases | $256,808 |
| Loan and leases loss allowance | $4,768 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $3,918 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $723 |
| All other assets | $3,758 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $429,447 |
| Total Liabilities | $386,714 |
| Total deposits | $362,011 |
| Interest-bearing deposits | $284,732 |
| Deposits held in domestic offices | $362,011 |
| % insured (estimated) | $82 |
| Federal funds purchased and repurchase agreements | $8,928 |
| Trading liabilities | $0 |
| Other borrowed funds | $15,250 |
| Subordinated debt | $0 |
| All other liabilities | $525 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $256,808 |
| Loan and leases loss allowance | $4,768 |
| Total loans and leases (domestic) | $261,576 |
| All real estate loans | $191,661 |
| Real estate loans in domestic offices | $191,661 |
| Construction and development loans | $4,059 |
| Residential 1-4 family construction | $2,043 |
| Other construction, all land development and other land | $2,016 |
| Loans secured by nonfarm nonresidential properties | $80,003 |
| Nonfarm nonresidential secured by owner-occupied properties | $33,347 |
| Commercial real estate & other non-farm, non-residential | $46,656 |
| Multifamily residential real estate | $7,493 |
| 1-4 family residential loans | $55,608 |
| Farmland loans | $44,498 |
| Loans held in foreign offices | $0 |
| Farm loans | $9,509 |
| Commercial and industrial loans | $31,631 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $14,493 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $7,525 |
| Other loans to individuals | $6,968 |
| All other loans & leases | $14,282 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $12,886 |
| 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 | $1,438 |
| Non 1-4 family restructured loans & leases | $590 |
| Total loans and leases (foreign) | $0 |
Bank & Trust Company had $256,808,000 of loans outstanding in 2021. $191,661,000 of loans were in real estate loans. $4,059,000 of loans were in development loans. $7,493,000 of loans were in multifamily mortgage loans. $55,608,000 of loans were in 1-4 family mortgage loans. $9,509,000 of loans were in farm loans. $0 of loans were in credit card loans. $7,525,000 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 | 164 | $31,432 | $191,659 |
| Nonfarm, nonresidential loans - <$100k | 57 | $2,096 | $36,772 |
| Nonfarm, nonresidential loans - $100-250k | 43 | $5,318 | $123,674 |
| Nonfarm, nonresidential loans - $250k-1MM | 64 | $24,018 | $375,281 |
| Commercial & Industrial, US addressed loans - <$1MM | 340 | $15,934 | $46,865 |
| Commercial & Industrial, US addressed loans - <$100k | 285 | $6,838 | $23,993 |
| Commercial & Industrial, US addressed loans - $100-250k | 35 | $2,871 | $82,029 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 20 | $6,225 | $311,250 |
| Farmland loans - <$1MM | 113 | $13,463 | $119,142 |
| Farmland loans - <$100k | 37 | $1,122 | $30,324 |
| Farmland loans - $100-250k | 46 | $5,414 | $117,696 |
| Farmland loans - $250k-1MM | 30 | $6,927 | $230,900 |
| Agriculture operations loans - <$1MM | 79 | $4,487 | $56,797 |
| Agriculture operations loans - <$100k | 54 | $1,211 | $22,426 |
| Agriculture operations loans - $100-250k | 18 | $1,898 | $105,444 |
| Agriculture operations loans - $250k-1MM | 7 | $1,378 | $196,857 |