Vermilion Valley Bank Mortgage Rates, Fees & Info

Piper City, IL

LEI: 549300U8Y61UKDC5ZF50

Tax ID: 37-0532910

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Vermilion Valley Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Vermilion Valley Bank has a high proportion of conventional loans. Their top markets by origination volume include: Pontiac, Chicago, and Peoria among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Vermilion Valley Bank has an above average approval rate when compared to the average across all 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.

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    Originations

    29

    Origination Dollar Volume (All Markets)

    $1,805,000

    Employee count

    21

    Top 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
    Outside of Metro Areas 12 $850,000 $70,833 $0 0.00%
    Pontiac, IL (FHA|USDA|VA) 15 $695,000 $46,333 $0 0.00%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
    PEORIA, IL (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
    Vermilion Valley Bank's top markets include Pontiac, Chicago, and Peoria among others.

    Their top states include:
  • Illinois (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 29 $1,805,000 $62,241 $0 0.00%

    For 2019, Vermilion Valley Bank's most frequently originated type of loan was Conventional, with 29 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 15 $985,000 $65,667 $0 0.00%
    Cash Out Refi 10 $580,000 $58,000 $0 0.00%
    Refi 4 $240,000 $60,000 $0 0.00%

    For 2019, Vermilion Valley Bank's most frequently cited loan purpose was Home Purchase, with 15 originations. The 2nd most popular reason was Cash Out Refi, with 10 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 29 $1,805,000 $62,241 $0 0.00%

    For 2019, Vermilion Valley Bank's most frequently cited loan duration was Other, with 29 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 24 $1,160,000 $48,333 $0 0.00%
    $100k-200k 5 $645,000 $129,000 $0 0.00%

    2019 saw Vermilion Valley Bank place emphasis on $100,000 or less loans with 24 originations, totaling $1,160,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 10 $460,000 $46,000 $0 0.00%
    $100k-150k 7 $505,000 $72,143 $0 0.00%
    $75k-100k 5 $445,000 $89,000 $0 0.00%
    $150k-250k 3 $155,000 $51,667 $0 0.00%
    $50k-75k 3 $125,000 $41,667 $0 0.00%
    $250k+ 1 $115,000 $115,000 $0 0.00%

    Vermilion Valley Bank lent most frequently to those with incomes in the $50k or less range, with 10 originations. The second most popular income band? $100k-150k, with 7 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 29 $1,805,000 $62,241 $0 0.00%

    Vermilion Valley Bank lent most frequently to those with DTI ratios of Exempt%, with 29 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 29 $1,805,000 $62,241 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.67%

    Vermilion Valley Bank 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

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 29 $1,805,000 $62,241

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 29 $1,805,000 $62,241

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Vermilion Valley Bank 111 West Hack Street Cullom, IL 60929 Full Service B&M $22,452
    Vermilion Valley Bank 4 East Peoria Piper City, IL 60959 Full Service B&M $35,060
    Vermilion Valley Bank 509 S 4th St Chatsworth, IL 60921 Full Service B&M $7,473
    Vermilion Valley Bank Green Street Roberts, IL 60962 Full Service B&M $29,442
    Vermilion Valley Bank Main & Railroad St Kempton, IL 60946 Full Service B&M $4,387

    For 2019, Vermilion Valley Bank had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $5,234
    Net interest income $4,424
    Total noninterest income $217
    Gross Fiduciary activities income $40
    Service charges on deposit accounts $140
    Trading account gains and fees $0
    Additional Noninterest Income $37
    Pre-tax net operating income $2,502
    Securities gains (or losses, -) $0
    Income before extraordinary items $2,503
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,503
    Minority interest net income $0
    Net income $2,503
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,503

    Vermilion Valley Bank's gross interest income from loans was $5,234,000.
    Vermilion Valley Bank's net interest income from loans was $4,424,000.
    Vermilion Valley Bank's fee based income from loans was $140,000.
    Vermilion Valley Bank's net income from loans was $2,503,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $810
    Provision for credit losses $90
    Total noninterest expense $2,049
    Salaries and employee benefits $1,246
    Premises and equipment expense $192
    Additional noninterest expense $611
    Applicable income taxes $-1
    Net charge-offs $-1
    Cash dividends $1,000

    Vermilion Valley Bank's interest expense for loans was $810,000.
    Vermilion Valley Bank's payroll and benefits expense were $1,246,000.
    Vermilion Valley Bank's property, plant and equipment expenses $192,000.

    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 0.5%
    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 $111,333
    Deposits held in domestic offices $111,333
    Deposits by Individuals, partnerships, and corporations $86,948
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $19,952
    Deposits by Commercial banks and other depository institutions in U.S. $4,433
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $42,541
    Demand deposits $20,506
    Nontransaction accounts $68,792
    Money market deposit accounts (MMDAs) $17,320
    Other savings deposits (excluding MMDAs) $11,726
    Total time deposits $39,747
    Total time and savings deposits $90,827
    Noninterest-bearing deposits $20,485
    Interest-bearing deposits $90,848
    Retail deposits $101,850
    IRAs and Keogh plan accounts $5,974
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $134,213
    Cash & Balances due from depository institutions $10,059
    Interest-bearing balances $8,512
    Total securities $25,502
    Federal funds sold & reverse repurchase $0
    Net loans and leases $94,728
    Loan and leases loss allowance $1,183
    Trading account assets $0
    Bank premises and fixed assets $896
    Other real estate owned $0
    Goodwill and other intangibles $839
    All other assets $2,189

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $134,212
    Total Liabilities $111,674
    Total deposits $111,333
    Interest-bearing deposits $90,848
    Deposits held in domestic offices $111,333
    % insured (estimated) $83
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $341

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $94,728
    Loan and leases loss allowance $1,183
    Total loans and leases (domestic) $95,911
    All real estate loans $62,669
    Real estate loans in domestic offices $62,669
    Construction and development loans $0
    Residential 1-4 family construction $0
    Other construction, all land development and other land $0
    Loans secured by nonfarm nonresidential properties $1,409
    Nonfarm nonresidential secured by owner-occupied properties $1,331
    Commercial real estate & other non-farm, non-residential $78
    Multifamily residential real estate $363
    1-4 family residential loans $13,991
    Farmland loans $46,906
    Loans held in foreign offices $0
    Farm loans $26,311
    Commercial and industrial loans $4,224
    To non-U.S. addressees $0
    Loans to individuals $1,847
    Credit card loans $189
    Related Plans $0
    Consumer Auto Loans $1,212
    Other loans to individuals $446
    All other loans & leases $859
    Loans to foreign governments and official institutions $0
    Other loans $12
    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 $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Vermilion Valley Bank had $94,728,000 of loans outstanding in 2019. $62,669,000 of loans were in real estate loans. $0 of loans were in development loans. $363,000 of loans were in multifamily mortgage loans. $13,991,000 of loans were in 1-4 family mortgage loans. $26,311,000 of loans were in farm loans. $189,000 of loans were in credit card loans. $1,212,000 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 19 $1,409 $74,158
    Nonfarm, nonresidential loans - <$100k 14 $361 $25,786
    Nonfarm, nonresidential loans - $100-250k 4 $366 $91,500
    Nonfarm, nonresidential loans - $250k-1MM 1 $682 $682,000
    Commercial & Industrial, US addressed loans - <$1MM 77 $3,032 $39,377
    Commercial & Industrial, US addressed loans - <$100k 65 $1,211 $18,631
    Commercial & Industrial, US addressed loans - $100-250k 8 $556 $69,500
    Commercial & Industrial, US addressed loans - $250k-1MM 4 $1,265 $316,250
    Farmland loans - <$1MM 78 $12,766 $163,667
    Farmland loans - <$100k 21 $995 $47,381
    Farmland loans - $100-250k 28 $3,814 $136,214
    Farmland loans - $250k-1MM 29 $7,957 $274,379
    Agriculture operations loans - <$1MM 146 $11,434 $78,315
    Agriculture operations loans - <$100k 88 $2,032 $23,091
    Agriculture operations loans - $100-250k 37 $3,810 $102,973
    Agriculture operations loans - $250k-1MM 21 $5,592 $266,286