Oxford Bank & Trust Mortgage Rates, Fees & Info
Oak Brook, ILLEI: 549300VP1VKDLSCAH317
Tax ID: 36-0706170
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Mortgage Data
Bank Data
Review & Overview
Oxford Bank & Trust is a smaller bank specializing in Home Purchase loans. Oxford Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, Detroit, Grand Rapids, Ann Arbor, and Fort Wayne among others. We have data for 37 markets. (Some data included below & more in-depth data is available with an active subscription.)Oxford Bank & Trust has a below 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
529Origination Dollar Volume (All Markets)
$48,025,000Employee count
114Top 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 |
|---|---|---|---|---|---|
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 102 | $29,000,000 | $284,314 | $0 | 6.31% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 176 | $8,270,000 | $46,989 | $499 | 7.52% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 59 | $3,195,000 | $54,153 | $0 | 7.43% |
| ANN ARBOR, MI (FHA|USDA|VA) | 19 | $1,125,000 | $59,211 | $499 | 7.11% |
| FORT WAYNE, IN (FHA|USDA|VA) | 20 | $670,000 | $33,500 | $0 | 7.94% |
| MONROE, MI (FHA|USDA|VA) | 16 | $620,000 | $38,750 | $0 | 7.30% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 21 | $615,000 | $29,286 | $0 | 7.88% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 8 | $420,000 | $52,500 | $0 | 7.96% |
| KANKAKEE, IL (FHA|USDA|VA) | 8 | $390,000 | $48,750 | $0 | 7.12% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 11 | $385,000 | $35,000 | $0 | 7.99% |
| TOLEDO, OH (FHA|USDA|VA) | 7 | $355,000 | $50,714 | $0 | 7.38% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 9 | $315,000 | $35,000 | $0 | 7.66% |
| ROCKFORD, IL (FHA|USDA|VA) | 6 | $300,000 | $50,000 | $0 | 7.49% |
| BATTLE CREEK, MI (FHA|USDA|VA) | 7 | $265,000 | $37,857 | $0 | 7.53% |
| JACKSON, MI (FHA|USDA|VA) | 6 | $240,000 | $40,000 | $0 | 7.32% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 6 | $240,000 | $40,000 | $0 | 7.32% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 3 | $195,000 | $65,000 | $0 | 7.49% |
| FLINT, MI (FHA|USDA|VA) | 5 | $165,000 | $33,000 | $0 | 7.64% |
| AMES, IA (FHA|USDA|VA) | 5 | $145,000 | $29,000 | $0 | 8.29% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 5 | $135,000 | $27,000 | $0 | 7.19% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 3 | $125,000 | $41,667 | $0 | 7.66% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 6.99% |
| Norwalk, OH (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $0 | 7.99% |
| Adrian, MI (FHA|USDA|VA) | 3 | $85,000 | $28,333 | $0 | 7.66% |
| NILES, MI (FHA|USDA|VA) | 2 | $80,000 | $40,000 | $0 | 7.99% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 3 | $75,000 | $25,000 | $0 | 8.16% |
| KOKOMO, IN (FHA|USDA|VA) | 3 | $75,000 | $25,000 | $0 | 7.57% |
| Outside of Metro Areas | 2 | $70,000 | $35,000 | $0 | 7.37% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 2 | $50,000 | $25,000 | $0 | 8.24% |
| Plymouth, IN (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 7.99% |
| Holland, MI (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 7.99% |
| Sidney, OH (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 7.99% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 2 | $30,000 | $15,000 | $0 | 7.99% |
| AKRON, OH (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 8.99% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 8.99% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 7.74% |
| Warsaw, IN (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 7.74% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 528 | $47,520,000 | $90,000 | $499 | 7.32% |
| HELOC | 1 | $505,000 | $505,000 | n/a | 5.75% |
For 2018, Oxford Bank & Trust's most frequently originated type of loan was Conventional, with 528 originations. Their 2nd most popular type was HELOC, with 1 originations.
Loan Reason
For 2018, Oxford Bank & Trust's most frequently cited loan purpose was Home Purchase, with 498 originations. The 2nd most popular reason was Refi, with 21 originations.
Loan Duration/Length
For 2018, Oxford Bank & Trust's most frequently cited loan duration was Other, with 147 originations. The 2nd most popular length was 20 Year, with 142 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 1 | $25,000 | $25,000 |
Oxford Bank & Trust's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 244 | $17,920,000 | $73,443 |
| 7-8% | 170 | $5,600,000 | $32,941 |
| Over 8% | 63 | $1,345,000 | $21,349 |
| 5-6% | 33 | $11,935,000 | $361,667 |
| 4-5% | 18 | $11,160,000 | $620,000 |
During 2018, Oxford Bank & Trust's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 6-7%, with 244 originations.
Loan Sizing
2018 saw Oxford Bank & Trust place emphasis on $100,000 or less loans with 453 originations, totaling $19,045,000 in origination value.
Applicant Income
Oxford Bank & Trust lent most frequently to those with incomes in the $50k or less range, with 204 originations. The second most popular income band? $50k-75k, with 179 originations.
Applicant Debt to Income Ratio
Oxford Bank & Trust lent most frequently to those with DTI ratios of 20-30%, with 159 originations. The next most common DTI ratio? 30-36%, with 146 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications37.44%
Oxford Bank & Trust has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination61.81%
Oxford Bank & Trust has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 0.0 | 136 | $6,970,000 | $51,250 |
| 499.0 | 313 | $13,075,000 | $41,773 |
| 510.5 | 1 | $5,000 | $5,000 |
| NA | 79 | $27,975,000 | $354,114 |
Occupancy Type Mix
LTV Distribution
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Oxford Bank & Trust | 1111 West 22nd Street, Suite 800 Oak Brook, IL 60523 | Full Service B&M | $4,586 |
| Oxford Bank & Trust | 115 North Addison Road Addison, IL 60101 | Limited, Drive-thru | $0 |
| Oxford Bank & Trust | 1260 Book Road Naperville, IL 60563 | Full Service B&M | $43,930 |
| Oxford Bank & Trust | 13440 Route 59 Plainfield, IL 60585 | Full Service B&M | $39,146 |
| Oxford Bank & Trust | 1520 West Lake Street Addison, IL 60101 | Full Service B&M | $150,137 |
| Oxford Bank & Trust | 205 North Addison Road Addison, IL 60101 | Full Service B&M | $122,343 |
| Oxford Bank & Trust | 2920 83rd St Naperville, IL 60564 | Full Service B&M | $48,589 |
| Oxford Bank & Trust | 6495 S. Cass Ave Westmont, IL 60559 | Full Service B&M | $59,449 |
For 2018, Oxford Bank & Trust had 8 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $23,985 |
| Net interest income | $21,983 |
| Total noninterest income | $1,435 |
| Gross Fiduciary activities income | $75 |
| Service charges on deposit accounts | $563 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $797 |
| Pre-tax net operating income | $5,795 |
| Securities gains (or losses, -) | $-3 |
| Income before extraordinary items | $5,782 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $5,782 |
| Minority interest net income | $0 |
| Net income | $5,782 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $5,785 |
Oxford Bank & Trust's gross interest income from loans was $23,985,000.
Oxford Bank & Trust's net interest income from loans was $21,983,000.
Oxford Bank & Trust's fee based income from loans was $563,000.
Oxford Bank & Trust's net income from loans was $5,782,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $2,002 |
| Provision for credit losses | $380 |
| Total noninterest expense | $17,243 |
| Salaries and employee benefits | $10,364 |
| Premises and equipment expense | $2,313 |
| Additional noninterest expense | $4,566 |
| Applicable income taxes | $10 |
| Net charge-offs | $22 |
| Cash dividends | $1,310 |
Oxford Bank & Trust's interest expense for loans was $2,002,000.
Oxford Bank & Trust's payroll and benefits expense were $10,364,000.
Oxford Bank & Trust's property, plant and equipment expenses $2,313,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 1.0% |
| Real Estate loans | 1.0% |
| Construction & Land Development loans | 13.0% |
| Nonfarm, nonresidential loans | 0.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 2.0% |
| HELOC loans | 7.0% |
| All other family | 0.0% |
| Commercial & industrial loans | 0.0% |
| Personal loans | 2.0% |
| Credit card loans | 0.0% |
| Other individual loans | 2.0% |
| Auto loans | 0.0% |
| Other consumer loans | 2.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $475,875 |
| Deposits held in domestic offices | $475,875 |
| Deposits by Individuals, partnerships, and corporations | $472,264 |
| Deposits by U.S. Government | $5 |
| Deposits by States and political subdivisions in the U.S. | $3,605 |
| 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 | $130,448 |
| Demand deposits | $86,842 |
| Nontransaction accounts | $345,426 |
| Money market deposit accounts (MMDAs) | $168,125 |
| Other savings deposits (excluding MMDAs) | $67,950 |
| Total time deposits | $109,351 |
| Total time and savings deposits | $389,032 |
| Noninterest-bearing deposits | $86,842 |
| Interest-bearing deposits | $389,033 |
| Retail deposits | $454,840 |
| IRAs and Keogh plan accounts | $13,853 |
| Brokered deposits | $6,133 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $560,757 |
| Cash & Balances due from depository institutions | $8,295 |
| Interest-bearing balances | $6,357 |
| Total securities | $165,749 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $366,609 |
| Loan and leases loss allowance | $3,893 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $10,297 |
| Other real estate owned | $4,705 |
| Goodwill and other intangibles | $0 |
| All other assets | $5,102 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $560,758 |
| Total Liabilities | $509,832 |
| Total deposits | $475,875 |
| Interest-bearing deposits | $389,033 |
| Deposits held in domestic offices | $475,875 |
| % insured (estimated) | $89 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $31,300 |
| Subordinated debt | $0 |
| All other liabilities | $2,657 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $366,609 |
| Loan and leases loss allowance | $3,893 |
| Total loans and leases (domestic) | $370,502 |
| All real estate loans | $285,475 |
| Real estate loans in domestic offices | $285,475 |
| Construction and development loans | $23,936 |
| Residential 1-4 family construction | $14,142 |
| Other construction, all land development and other land | $9,794 |
| Loans secured by nonfarm nonresidential properties | $155,266 |
| Nonfarm nonresidential secured by owner-occupied properties | $63,962 |
| Commercial real estate & other non-farm, non-residential | $91,304 |
| Multifamily residential real estate | $61,494 |
| 1-4 family residential loans | $44,779 |
| Farmland loans | $0 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $13,397 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $71,296 |
| Credit card loans | $0 |
| Related Plans | $43 |
| Consumer Auto Loans | $108 |
| Other loans to individuals | $71,145 |
| All other loans & leases | $333 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $333 |
| 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 | $1,534 |
| Non 1-4 family restructured loans & leases | $1,088 |
| Total loans and leases (foreign) | $0 |
Oxford Bank & Trust had $366,609,000 of loans outstanding in 2018. $285,475,000 of loans were in real estate loans. $23,936,000 of loans were in development loans. $61,494,000 of loans were in multifamily mortgage loans. $44,779,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $108,000 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 | 211 | $60,378 | $286,152 |
| Nonfarm, nonresidential loans - <$100k | 13 | $612 | $47,077 |
| Nonfarm, nonresidential loans - $100-250k | 55 | $7,827 | $142,309 |
| Nonfarm, nonresidential loans - $250k-1MM | 143 | $51,939 | $363,210 |
| Commercial & Industrial, US addressed loans - <$1MM | 176 | $10,276 | $58,386 |
| Commercial & Industrial, US addressed loans - <$100k | 127 | $3,026 | $23,827 |
| Commercial & Industrial, US addressed loans - $100-250k | 24 | $2,105 | $87,708 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 25 | $5,145 | $205,800 |