Oxford Bank & Trust Mortgage Rates, Fees & Info
Oak Brook, ILLEI: 549300VP1VKDLSCAH317
Tax ID: 36-0706170
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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 Indianapolis among others. We have data for 44 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. They typically have about average rates.
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Originations
501Origination Dollar Volume (All Markets)
$43,915,000Employee count
111Top 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) | 84 | $24,690,000 | $293,929 | $0 | 6.08% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 130 | $5,710,000 | $43,923 | $0 | 7.46% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 46 | $2,820,000 | $61,304 | $0 | 7.51% |
| ANN ARBOR, MI (FHA|USDA|VA) | 25 | $1,845,000 | $73,800 | $0 | 7.03% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 26 | $930,000 | $35,769 | $0 | 7.84% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 17 | $825,000 | $48,529 | $0 | 7.65% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 14 | $690,000 | $49,286 | $0 | 7.79% |
| TOLEDO, OH (FHA|USDA|VA) | 15 | $565,000 | $37,667 | $0 | 7.76% |
| MONROE, MI (FHA|USDA|VA) | 11 | $475,000 | $43,182 | $0 | 7.10% |
| JACKSON, MI (FHA|USDA|VA) | 11 | $455,000 | $41,364 | $0 | 7.51% |
| ROCKFORD, IL (FHA|USDA|VA) | 11 | $435,000 | $39,545 | $0 | 7.35% |
| KANKAKEE, IL (FHA|USDA|VA) | 7 | $355,000 | $50,714 | $0 | 7.42% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 7 | $335,000 | $47,857 | $0 | 7.78% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 6 | $310,000 | $51,667 | $0 | 7.87% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 8 | $310,000 | $38,750 | $0 | 7.49% |
| Outside of Metro Areas | 7 | $285,000 | $40,714 | $0 | 7.45% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 6 | $280,000 | $46,667 | $0 | 7.24% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 8 | $260,000 | $32,500 | $0 | 7.33% |
| Traverse City, MI (FHA|USDA|VA) | 3 | $215,000 | $71,667 | $0 | 7.32% |
| FLINT, MI (FHA|USDA|VA) | 5 | $175,000 | $35,000 | $0 | 7.44% |
| NILES, MI (FHA|USDA|VA) | 4 | $160,000 | $40,000 | $0 | 7.87% |
| COLUMBUS, OH (FHA|USDA|VA) | 4 | $160,000 | $40,000 | $0 | 8.05% |
| Holland, MI (FHA|USDA|VA) | 3 | $155,000 | $51,667 | $0 | 8.24% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 3 | $135,000 | $45,000 | $0 | 7.32% |
| KOKOMO, IN (FHA|USDA|VA) | 4 | $130,000 | $32,500 | $0 | 7.55% |
| Auburn, IN (FHA|USDA|VA) | 6 | $130,000 | $21,667 | $0 | 8.20% |
| AMES, IA (FHA|USDA|VA) | 4 | $120,000 | $30,000 | $0 | 8.30% |
| FORT WAYNE, IN (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $0 | 7.49% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $0 | 7.99% |
| ELKHART-GOSHEN, IN (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $0 | 7.49% |
| BATTLE CREEK, MI (FHA|USDA|VA) | 3 | $95,000 | $31,667 | $0 | 7.91% |
| Warsaw, IN (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $0 | 7.74% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 6.99% |
| Defiance, OH (FHA|USDA|VA) | 2 | $60,000 | $30,000 | $0 | 7.74% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 2 | $50,000 | $25,000 | $0 | 7.87% |
| Adrian, MI (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 6.99% |
| Richmond, IN (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 6.99% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 2 | $40,000 | $20,000 | $0 | 8.37% |
| MUNCIE, IN (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 7.99% |
| Pontiac, IL (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 7.74% |
| SAGINAW, MI (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 8.99% |
| Baraboo, WI (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 8.74% |
| WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 7.74% |
| AKRON, OH (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 8.99% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 501 | $43,915,000 | $87,655 | $0 | 7.30% |
For 2020, Oxford Bank & Trust's most frequently originated type of loan was Conventional, with 501 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 471 | $29,355,000 | $62,325 | $0 | 7.44% |
| Refi | 15 | $6,095,000 | $406,333 | $0 | 5.20% |
| Cash Out Refi | 15 | $8,465,000 | $564,333 | $0 | 4.88% |
For 2020, Oxford Bank & Trust's most frequently cited loan purpose was Home Purchase, with 471 originations. The 2nd most popular reason was Refi, with 15 originations.
Loan Duration/Length
For 2020, Oxford Bank & Trust's most frequently cited loan duration was 20 Year, with 165 originations. The 2nd most popular length was Other, with 147 originations.
Interest Rates
During 2020, Oxford Bank & Trust's average interest rate for loans was 4.00%, while their most frequently originated rate bucket for loans was 6-7%, with 228 originations.
Loan Sizing
2020 saw Oxford Bank & Trust place emphasis on $100,000 or less loans with 439 originations, totaling $18,625,000 in origination value.
Applicant Income
Oxford Bank & Trust lent most frequently to those with incomes in the $50k or less range, with 202 originations. The second most popular income band? $50k-75k, with 171 originations.
Applicant Debt to Income Ratio
Oxford Bank & Trust lent most frequently to those with DTI ratios of 30-36%, with 141 originations. The next most common DTI ratio? 20-30%, with 140 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications30.39%
Oxford Bank & Trust has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination48.50%
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 | 2 | $130,000 | $65,000 |
| 499.0 | 456 | $20,910,000 | $45,855 |
| NA | 43 | $22,875,000 | $531,977 |
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 | $37,302 |
| 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 | $50,180 |
| Oxford Bank & Trust | 13440 Route 59 Plainfield, IL 60585 | Full Service B&M | $46,434 |
| Oxford Bank & Trust | 1520 West Lake Street Addison, IL 60101 | Full Service B&M | $174,147 |
| Oxford Bank & Trust | 205 North Addison Road Addison, IL 60101 | Full Service B&M | $135,396 |
| Oxford Bank & Trust | 2920 83rd St Naperville, IL 60564 | Full Service B&M | $69,852 |
| Oxford Bank & Trust | 6495 S. Cass Ave Westmont, IL 60559 | Full Service B&M | $80,860 |
For 2020, Oxford Bank & Trust had 8 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $28,334 |
| Net interest income | $24,413 |
| Total noninterest income | $1,482 |
| Gross Fiduciary activities income | $70 |
| Service charges on deposit accounts | $413 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $999 |
| Pre-tax net operating income | $7,974 |
| Securities gains (or losses, -) | $4,360 |
| Income before extraordinary items | $12,326 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $12,326 |
| Minority interest net income | $0 |
| Net income | $12,326 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $7,966 |
Oxford Bank & Trust's gross interest income from loans was $28,334,000.
Oxford Bank & Trust's net interest income from loans was $24,413,000.
Oxford Bank & Trust's fee based income from loans was $413,000.
Oxford Bank & Trust's net income from loans was $12,326,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $3,921 |
| Provision for credit losses | $1,035 |
| Total noninterest expense | $16,886 |
| Salaries and employee benefits | $10,737 |
| Premises and equipment expense | $2,342 |
| Additional noninterest expense | $3,807 |
| Applicable income taxes | $8 |
| Net charge-offs | $67 |
| Cash dividends | $2,071 |
Oxford Bank & Trust's interest expense for loans was $3,921,000.
Oxford Bank & Trust's payroll and benefits expense were $10,737,000.
Oxford Bank & Trust's property, plant and equipment expenses $2,342,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 1.0% |
| 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 | 1.0% |
| 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 | $635,857 |
| Deposits held in domestic offices | $635,857 |
| Deposits by Individuals, partnerships, and corporations | $630,293 |
| Deposits by U.S. Government | $14 |
| Deposits by States and political subdivisions in the U.S. | $5,550 |
| 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 | $162,062 |
| Demand deposits | $110,090 |
| Nontransaction accounts | $473,795 |
| Money market deposit accounts (MMDAs) | $267,539 |
| Other savings deposits (excluding MMDAs) | $74,237 |
| Total time deposits | $132,019 |
| Total time and savings deposits | $525,767 |
| Noninterest-bearing deposits | $110,090 |
| Interest-bearing deposits | $525,767 |
| Retail deposits | $607,099 |
| IRAs and Keogh plan accounts | $16,043 |
| Brokered deposits | $8,352 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $730,806 |
| Cash & Balances due from depository institutions | $77,258 |
| Interest-bearing balances | $74,836 |
| Total securities | $232,630 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $399,929 |
| Loan and leases loss allowance | $5,215 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $9,914 |
| Other real estate owned | $4,558 |
| Goodwill and other intangibles | $0 |
| All other assets | $6,517 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $730,806 |
| Total Liabilities | $657,506 |
| Total deposits | $635,857 |
| Interest-bearing deposits | $525,767 |
| Deposits held in domestic offices | $635,857 |
| % insured (estimated) | $85 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $19,000 |
| Subordinated debt | $0 |
| All other liabilities | $2,649 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $399,929 |
| Loan and leases loss allowance | $5,215 |
| Total loans and leases (domestic) | $405,144 |
| All real estate loans | $292,934 |
| Real estate loans in domestic offices | $292,934 |
| Construction and development loans | $13,680 |
| Residential 1-4 family construction | $6,886 |
| Other construction, all land development and other land | $6,794 |
| Loans secured by nonfarm nonresidential properties | $171,723 |
| Nonfarm nonresidential secured by owner-occupied properties | $66,441 |
| Commercial real estate & other non-farm, non-residential | $105,282 |
| Multifamily residential real estate | $64,321 |
| 1-4 family residential loans | $43,210 |
| Farmland loans | $0 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $20,449 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $91,610 |
| Credit card loans | $0 |
| Related Plans | $26 |
| Consumer Auto Loans | $47 |
| Other loans to individuals | $91,537 |
| All other loans & leases | $151 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $151 |
| 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 | $447 |
| Non 1-4 family restructured loans & leases | $447 |
| Total loans and leases (foreign) | $0 |
Oxford Bank & Trust had $399,929,000 of loans outstanding in 2020. $292,934,000 of loans were in real estate loans. $13,680,000 of loans were in development loans. $64,321,000 of loans were in multifamily mortgage loans. $43,210,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $47,000 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 | 198 | $44,237 | $223,419 |
| Nonfarm, nonresidential loans - <$100k | 12 | $621 | $51,750 |
| Nonfarm, nonresidential loans - $100-250k | 42 | $6,068 | $144,476 |
| Nonfarm, nonresidential loans - $250k-1MM | 144 | $37,548 | $260,750 |
| Commercial & Industrial, US addressed loans - <$1MM | 148 | $10,121 | $68,385 |
| Commercial & Industrial, US addressed loans - <$100k | 94 | $2,037 | $21,670 |
| Commercial & Industrial, US addressed loans - $100-250k | 24 | $1,869 | $77,875 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 30 | $6,215 | $207,167 |