North Shore Trust And Savings Mortgage Rates, Fees & Info

Waukegan, IL

LEI: 549300WIE2SKOKI8PF63

Tax ID: 36-1558290

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    North Shore Trust And Savings is a smaller mortgage company specializing in Home Purchase and Refi loans. North Shore Trust And Savings has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, Whitewater, Greeley, Racine, and Phoenix among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    North Shore Trust And Savings has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar 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

    111

    Origination Dollar Volume (All Markets)

    $28,515,000

    Employee count

    40

    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
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 105 $27,215,000 $259,190 $0 0.00%
    Whitewater, WI (FHA|USDA|VA) 2 $450,000 $225,000 $0 0.00%
    GREELEY, CO (FHA|USDA|VA) 1 $345,000 $345,000 $0 0.00%
    RACINE, WI (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
    Galesburg, IL (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
    North Shore Trust And Savings's top markets include Chicago, Whitewater, Greeley, Racine, and Phoenix among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 111 $28,515,000 $256,892 $0 0.00%

    For 2019, North Shore Trust And Savings's most frequently originated type of loan was Conventional, with 111 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 57 $16,695,000 $292,895 $0 0.00%
    Refi 27 $7,025,000 $260,185 $0 0.00%
    Cash Out Refi 24 $4,230,000 $176,250 $0 0.00%
    Home Improvement 2 $110,000 $55,000 $0 0.00%
    Other 1 $455,000 $455,000 $0 0.00%

    For 2019, North Shore Trust And Savings's most frequently cited loan purpose was Home Purchase, with 57 originations. The 2nd most popular reason was Refi, with 27 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 111 $28,515,000 $256,892 $0 0.00%

    For 2019, North Shore Trust And Savings's most frequently cited loan duration was Other, with 111 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 45 $12,135,000 $269,667 $0 0.00%
    $100k-200k 36 $5,530,000 $153,611 $0 0.00%
    $100,000 or less 15 $1,055,000 $70,333 $0 0.00%
    $400k-600k 12 $5,930,000 $494,167 $0 0.00%
    $1MM+ 2 $3,080,000 $1,540,000 $0 0.00%
    $600k-1MM 1 $785,000 $785,000 $0 0.00%

    2019 saw North Shore Trust And Savings place emphasis on $200k-400k loans with 45 originations, totaling $12,135,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 30 $7,500,000 $250,000 $0 0.00%
    $50k-75k 25 $3,795,000 $151,800 $0 0.00%
    $150k-250k 15 $4,675,000 $311,667 $0 0.00%
    $75k-100k 12 $2,460,000 $205,000 $0 0.00%
    $50k or less 11 $1,005,000 $91,364 $0 0.00%
    $250k+ 10 $5,110,000 $511,000 $0 0.00%

    North Shore Trust And Savings lent most frequently to those with incomes in the $100k-150k range, with 30 originations. The second most popular income band? $50k-75k, with 25 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 111 $28,515,000 $256,892 $0 0.00%

    North Shore Trust And Savings lent most frequently to those with DTI ratios of Exempt%, with 111 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 85 $20,045,000 $235,824 $0 0.00%
    Not applicable 7 $3,775,000 $539,286 $0 0.00%
    Not provided 11 $3,505,000 $318,636 $0 0.00%
    Black 5 $735,000 $147,000 $0 0.00%
    Asian 3 $455,000 $151,667 $0 0.00%

    Approval Rates

    Total approvals of all applications
    79.70%

    North Shore Trust And Savings has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    63.96%

    North Shore Trust And Savings 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
    Exempt 111 $28,515,000 $256,892

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $3,330,000 $832,500
    Single Family (1-4 Units):Site-Built 107 $25,185,000 $235,374

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    NORTHWEST BANCSHARES INC Other type of mortgage Trouble during payment process 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    North Shore Trust and Savings 1233 N. Green Bay Road Waukegan, IL 60085 Full Service B&M $40,011
    North Shore Trust and Savings 3060 W. Sand Lake Road Lindenhurst, IL 60046 Full Service B&M $19,765
    North Shore Trust and Savings 700 S Lewis Ave Waukegan, IL 60085 Full Service B&M $121,831

    For 2019, North Shore Trust And Savings had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $7,026
    Net interest income $5,299
    Total noninterest income $847
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $63
    Trading account gains and fees $0
    Additional Noninterest Income $784
    Pre-tax net operating income $402
    Securities gains (or losses, -) $0
    Income before extraordinary items $466
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $466
    Minority interest net income $0
    Net income $466
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $466

    North Shore Trust And Savings's gross interest income from loans was $7,026,000.
    North Shore Trust And Savings's net interest income from loans was $5,299,000.
    North Shore Trust And Savings's fee based income from loans was $63,000.
    North Shore Trust And Savings's net income from loans was $466,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,727
    Provision for credit losses $97
    Total noninterest expense $5,647
    Salaries and employee benefits $3,198
    Premises and equipment expense $709
    Additional noninterest expense $1,740
    Applicable income taxes $-64
    Net charge-offs $-31
    Cash dividends $0

    North Shore Trust And Savings's interest expense for loans was $1,727,000.
    North Shore Trust And Savings's payroll and benefits expense were $3,198,000.
    North Shore Trust And Savings's property, plant and equipment expenses $709,000.

    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 0.0%
    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 $186,790
    Deposits held in domestic offices $186,790
    Deposits by Individuals, partnerships, and corporations $186,750
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $40
    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 $22,470
    Demand deposits $7,299
    Nontransaction accounts $164,320
    Money market deposit accounts (MMDAs) $52,927
    Other savings deposits (excluding MMDAs) $39,567
    Total time deposits $71,826
    Total time and savings deposits $179,491
    Noninterest-bearing deposits $7,301
    Interest-bearing deposits $179,489
    Retail deposits $175,986
    IRAs and Keogh plan accounts $30,630
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $235,429
    Cash & Balances due from depository institutions $52,551
    Interest-bearing balances $51,543
    Total securities $68,569
    Federal funds sold & reverse repurchase $0
    Net loans and leases $98,399
    Loan and leases loss allowance $388
    Trading account assets $0
    Bank premises and fixed assets $5,400
    Other real estate owned $0
    Goodwill and other intangibles $39
    All other assets $10,471

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $235,428
    Total Liabilities $189,955
    Total deposits $186,790
    Interest-bearing deposits $179,489
    Deposits held in domestic offices $186,790
    % insured (estimated) $88
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $3,165

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $98,399
    Loan and leases loss allowance $388
    Total loans and leases (domestic) $98,787
    All real estate loans $98,460
    Real estate loans in domestic offices $98,460
    Construction and development loans $1,669
    Residential 1-4 family construction $1,669
    Other construction, all land development and other land $0
    Loans secured by nonfarm nonresidential properties $2,331
    Nonfarm nonresidential secured by owner-occupied properties $2,269
    Commercial real estate & other non-farm, non-residential $62
    Multifamily residential real estate $6,434
    1-4 family residential loans $88,026
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $111
    To non-U.S. addressees $0
    Loans to individuals $202
    Credit card loans $0
    Related Plans $5
    Consumer Auto Loans $71
    Other loans to individuals $126
    All other loans & leases $14
    Loans to foreign governments and official institutions $0
    Other loans $14
    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 $1,902
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    North Shore Trust and Savings had $98,399,000 of loans outstanding in 2019. $98,460,000 of loans were in real estate loans. $1,669,000 of loans were in development loans. $6,434,000 of loans were in multifamily mortgage loans. $88,026,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $71,000 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 9 $849 $94,333
    Nonfarm, nonresidential loans - <$100k 3 $108 $36,000
    Nonfarm, nonresidential loans - $100-250k 4 $300 $75,000
    Nonfarm, nonresidential loans - $250k-1MM 2 $441 $220,500
    Commercial & Industrial, US addressed loans - <$1MM 3 $111 $37,000
    Commercial & Industrial, US addressed loans - <$100k 3 $111 $37,000