Oxford Bank & Trust Mortgage Rates, Fees & Info
Oak Brook, ILLEI: 549300VP1VKDLSCAH317
Tax ID: 36-0706170
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Review & Overview
Oxford Bank & Trust is a smaller bank specializing in Home Purchase and Refi loans. Oxford Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, Detroit, Grand Rapids, Indianapolis, and Ann Arbor among others. We have data for 42 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
624Origination Dollar Volume (All Markets)
$59,230,000Employee 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) | 108 | $37,520,000 | $347,407 | $0 | 6.33% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 209 | $8,635,000 | $41,316 | $0 | 7.44% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 64 | $3,620,000 | $56,563 | $0 | 7.49% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 39 | $1,535,000 | $39,359 | $0 | 7.80% |
| ANN ARBOR, MI (FHA|USDA|VA) | 20 | $890,000 | $44,500 | $0 | 7.29% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 15 | $545,000 | $36,333 | $0 | 8.16% |
| COLUMBUS, OH (FHA|USDA|VA) | 14 | $540,000 | $38,571 | $0 | 7.83% |
| MONROE, MI (FHA|USDA|VA) | 11 | $475,000 | $43,182 | $0 | 7.35% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 10 | $440,000 | $44,000 | $0 | 7.84% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 10 | $360,000 | $36,000 | $0 | 7.47% |
| Holland, MI (FHA|USDA|VA) | 5 | $345,000 | $69,000 | $0 | 8.09% |
| Outside of Metro Areas | 10 | $330,000 | $33,000 | $0 | 8.04% |
| TOLEDO, OH (FHA|USDA|VA) | 8 | $320,000 | $40,000 | $0 | 7.62% |
| KANKAKEE, IL (FHA|USDA|VA) | 5 | $295,000 | $59,000 | $0 | 7.14% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 9 | $295,000 | $32,778 | $0 | 7.80% |
| JACKSON, MI (FHA|USDA|VA) | 4 | $290,000 | $72,500 | $0 | 6.99% |
| FORT WAYNE, IN (FHA|USDA|VA) | 10 | $290,000 | $29,000 | $0 | 8.29% |
| ROCKFORD, IL (FHA|USDA|VA) | 9 | $285,000 | $31,667 | $0 | 6.74% |
| AMES, IA (FHA|USDA|VA) | 7 | $255,000 | $36,429 | $0 | 7.78% |
| BATTLE CREEK, MI (FHA|USDA|VA) | 6 | $250,000 | $41,667 | $0 | 7.41% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 6 | $230,000 | $38,333 | $0 | 7.62% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 5 | $205,000 | $41,000 | $0 | 7.74% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 5 | $165,000 | $33,000 | $0 | 7.94% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 4 | $130,000 | $32,500 | $0 | 7.43% |
| FLINT, MI (FHA|USDA|VA) | 6 | $130,000 | $21,667 | $0 | 8.57% |
| NILES, MI (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $0 | 7.49% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $0 | 7.49% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 3 | $75,000 | $25,000 | $0 | 7.91% |
| KOKOMO, IN (FHA|USDA|VA) | 2 | $70,000 | $35,000 | $0 | 8.24% |
| Warsaw, IN (FHA|USDA|VA) | 2 | $70,000 | $35,000 | $0 | 7.74% |
| Whitewater, WI (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 7.74% |
| Auburn, IN (FHA|USDA|VA) | 2 | $50,000 | $25,000 | $0 | 8.37% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 2 | $50,000 | $25,000 | $0 | 7.37% |
| Defiance, OH (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 7.74% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 6.24% |
| Celina, OH (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 7.74% |
| MUNCIE, IN (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 7.74% |
| Norwalk, OH (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 7.99% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 8.99% |
| Plymouth, IN (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 6.99% |
| WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 7.74% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 8.74% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 620 | $58,060,000 | $93,645 | $0 | 7.37% |
| HELOC | 4 | $1,170,000 | $292,500 | n/a | 5.94% |
For 2019, Oxford Bank & Trust's most frequently originated type of loan was Conventional, with 620 originations. Their 2nd most popular type was HELOC, with 4 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 579 | $41,255,000 | $71,252 | $0 | 7.48% |
| Refi | 34 | $13,340,000 | $392,353 | $0 | 5.98% |
| Cash Out Refi | 11 | $4,635,000 | $421,364 | $0 | 5.17% |
For 2019, Oxford Bank & Trust's most frequently cited loan purpose was Home Purchase, with 579 originations. The 2nd most popular reason was Refi, with 34 originations.
Loan Duration/Length
For 2019, Oxford Bank & Trust's most frequently cited loan duration was Other, with 182 originations. The 2nd most popular length was 20 Year, with 181 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
During 2019, 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 277 originations.
Loan Sizing
2019 saw Oxford Bank & Trust place emphasis on $100,000 or less loans with 540 originations, totaling $20,910,000 in origination value.
Applicant Income
Oxford Bank & Trust lent most frequently to those with incomes in the $50k or less range, with 239 originations. The second most popular income band? $50k-75k, with 205 originations.
Applicant Debt to Income Ratio
Oxford Bank & Trust lent most frequently to those with DTI ratios of 30-36%, with 169 originations. The next most common DTI ratio? 20-30%, with 165 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications34.81%
Oxford Bank & Trust has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination50.80%
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 | 5 | $265,000 | $53,000 |
| 499.0 | 532 | $22,060,000 | $41,466 |
| NA | 87 | $36,905,000 | $424,195 |
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 | $28,571 |
| 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 | $43,674 |
| Oxford Bank & Trust | 13440 Route 59 Plainfield, IL 60585 | Full Service B&M | $40,728 |
| Oxford Bank & Trust | 1520 West Lake Street Addison, IL 60101 | Full Service B&M | $151,745 |
| Oxford Bank & Trust | 205 North Addison Road Addison, IL 60101 | Full Service B&M | $118,342 |
| Oxford Bank & Trust | 2920 83rd St Naperville, IL 60564 | Full Service B&M | $48,357 |
| Oxford Bank & Trust | 6495 S. Cass Ave Westmont, IL 60559 | Full Service B&M | $72,634 |
For 2019, Oxford Bank & Trust had 8 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $26,829 |
| Net interest income | $22,873 |
| Total noninterest income | $1,499 |
| Gross Fiduciary activities income | $76 |
| Service charges on deposit accounts | $615 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $808 |
| Pre-tax net operating income | $6,811 |
| Securities gains (or losses, -) | $402 |
| Income before extraordinary items | $7,202 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $7,202 |
| Minority interest net income | $0 |
| Net income | $7,202 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $6,800 |
Oxford Bank & Trust's gross interest income from loans was $26,829,000.
Oxford Bank & Trust's net interest income from loans was $22,873,000.
Oxford Bank & Trust's fee based income from loans was $615,000.
Oxford Bank & Trust's net income from loans was $7,202,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $3,956 |
| Provision for credit losses | $190 |
| Total noninterest expense | $17,371 |
| Salaries and employee benefits | $10,600 |
| Premises and equipment expense | $2,306 |
| Additional noninterest expense | $4,465 |
| Applicable income taxes | $11 |
| Net charge-offs | $-164 |
| Cash dividends | $1,401 |
Oxford Bank & Trust's interest expense for loans was $3,956,000.
Oxford Bank & Trust's payroll and benefits expense were $10,600,000.
Oxford Bank & Trust's property, plant and equipment expenses $2,306,000.
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 | 1.0% |
| 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 | $520,993 |
| Deposits held in domestic offices | $520,993 |
| Deposits by Individuals, partnerships, and corporations | $515,284 |
| Deposits by U.S. Government | $4 |
| Deposits by States and political subdivisions in the U.S. | $5,706 |
| 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 | $132,888 |
| Demand deposits | $89,208 |
| Nontransaction accounts | $388,106 |
| Money market deposit accounts (MMDAs) | $185,605 |
| Other savings deposits (excluding MMDAs) | $64,807 |
| Total time deposits | $137,694 |
| Total time and savings deposits | $431,786 |
| Noninterest-bearing deposits | $89,208 |
| Interest-bearing deposits | $431,785 |
| Retail deposits | $494,337 |
| IRAs and Keogh plan accounts | $16,028 |
| Brokered deposits | $8,352 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $614,673 |
| Cash & Balances due from depository institutions | $18,465 |
| Interest-bearing balances | $16,284 |
| Total securities | $175,025 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $400,275 |
| Loan and leases loss allowance | $4,247 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $10,228 |
| Other real estate owned | $4,769 |
| Goodwill and other intangibles | $0 |
| All other assets | $5,911 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $614,673 |
| Total Liabilities | $553,425 |
| Total deposits | $520,993 |
| Interest-bearing deposits | $431,785 |
| Deposits held in domestic offices | $520,993 |
| % insured (estimated) | $89 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $30,000 |
| Subordinated debt | $0 |
| All other liabilities | $2,432 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $400,275 |
| Loan and leases loss allowance | $4,247 |
| Total loans and leases (domestic) | $404,522 |
| All real estate loans | $305,569 |
| Real estate loans in domestic offices | $305,569 |
| Construction and development loans | $17,804 |
| Residential 1-4 family construction | $14,192 |
| Other construction, all land development and other land | $3,612 |
| Loans secured by nonfarm nonresidential properties | $173,995 |
| Nonfarm nonresidential secured by owner-occupied properties | $67,733 |
| Commercial real estate & other non-farm, non-residential | $106,262 |
| Multifamily residential real estate | $69,525 |
| 1-4 family residential loans | $44,245 |
| Farmland loans | $0 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $15,334 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $83,466 |
| Credit card loans | $0 |
| Related Plans | $38 |
| Consumer Auto Loans | $100 |
| Other loans to individuals | $83,328 |
| All other loans & leases | $153 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $153 |
| 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 | $867 |
| Non 1-4 family restructured loans & leases | $867 |
| Total loans and leases (foreign) | $0 |
Oxford Bank & Trust had $400,275,000 of loans outstanding in 2019. $305,569,000 of loans were in real estate loans. $17,804,000 of loans were in development loans. $69,525,000 of loans were in multifamily mortgage loans. $44,245,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $100,000 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 | $60,913 | $288,687 |
| Nonfarm, nonresidential loans - <$100k | 15 | $801 | $53,400 |
| Nonfarm, nonresidential loans - $100-250k | 51 | $7,582 | $148,667 |
| Nonfarm, nonresidential loans - $250k-1MM | 145 | $52,530 | $362,276 |
| Commercial & Industrial, US addressed loans - <$1MM | 175 | $12,124 | $69,280 |
| Commercial & Industrial, US addressed loans - <$100k | 120 | $2,654 | $22,117 |
| Commercial & Industrial, US addressed loans - $100-250k | 28 | $2,387 | $85,250 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 27 | $7,083 | $262,333 |