North Shore Trust And Savings Mortgage Rates, Fees & Info

Waukegan, IL

LEI: 549300WIE2SKOKI8PF63

Tax ID: 36-1558290

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Mortgage Data

Bank Data

Review & Overview

North Shore Trust And Savings is a smaller mortgage company specializing in Refi and Home Purchase loans. North Shore Trust And Savings has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, Whitewater, Milwaukee, Charleston, and Miami among others. We have data for 10 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.

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Originations

207

Origination Dollar Volume (All Markets)

$51,705,000

Employee count

36

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) 194 $48,240,000 $248,660 $0 0.00%
Whitewater, WI (FHA|USDA|VA) 4 $750,000 $187,500 $0 0.00%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $615,000 $615,000 $0 0.00%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $495,000 $495,000 $0 0.00%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $420,000 $210,000 $0 0.00%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $355,000 $355,000 $0 0.00%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
ROCKFORD, IL (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
North Shore Trust And Savings's top markets include Chicago, Whitewater, Milwaukee, Charleston, and Miami among others.

Their top states include:
  • Illinois (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 204 $50,820,000 $249,118 $0 0.00%
    VA 3 $885,000 $295,000 $0 0.00%

    For 2020, North Shore Trust And Savings's most frequently originated type of loan was Conventional, with 204 originations. Their 2nd most popular type was VA, with 3 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 106 $27,390,000 $258,396 $0 0.00%
    Home Purchase 58 $15,750,000 $271,552 $0 0.00%
    Cash Out Refi 39 $7,815,000 $200,385 $0 0.00%
    Home Improvement 2 $420,000 $210,000 $0 0.00%
    Other 2 $330,000 $165,000 $0 0.00%

    For 2020, North Shore Trust And Savings's most frequently cited loan purpose was Refi, with 106 originations. The 2nd most popular reason was Home Purchase, with 58 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 207 $51,705,000 $249,783 $0 0.00%

    For 2020, North Shore Trust And Savings's most frequently cited loan duration was Other, with 207 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 85 $13,005,000 $153,000 $0 0.00%
    $200k-400k 81 $22,365,000 $276,111 $0 0.00%
    $400k-600k 22 $10,950,000 $497,727 $0 0.00%
    $100,000 or less 12 $950,000 $79,167 $0 0.00%
    $600k-1MM 7 $4,435,000 $633,571 $0 0.00%

    2020 saw North Shore Trust And Savings place emphasis on $100k-200k loans with 85 originations, totaling $13,005,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 53 $12,215,000 $230,472 $0 0.00%
    $150k-250k 53 $16,815,000 $317,264 $0 0.00%
    $50k-75k 35 $5,615,000 $160,429 $0 0.00%
    $75k-100k 30 $5,830,000 $194,333 $0 0.00%
    $250k+ 18 $8,620,000 $478,889 $0 0.00%
    $50k or less 11 $1,135,000 $103,182 $0 0.00%

    North Shore Trust And Savings lent most frequently to those with incomes in the $100k-150k range, with 53 originations. The second most popular income band? $150k-250k, with 53 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 207 $51,705,000 $249,783 $0 0.00%

    North Shore Trust And Savings lent most frequently to those with DTI ratios of Exempt%, with 207 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 179 $44,075,000 $246,229 $0 0.00%
    Not provided 17 $4,405,000 $259,118 $0 0.00%
    Asian 4 $1,360,000 $340,000 $0 0.00%
    Black 3 $715,000 $238,333 $0 0.00%
    Not applicable 2 $650,000 $325,000 $0 0.00%
    Asian Indian 1 $405,000 $405,000 $0 0.00%
    American Indian 1 $95,000 $95,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    79.38%

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

    Pick Rate

    Approvals leading to origination
    83.57%

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

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 207 $51,705,000 $249,783

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 207 $51,705,000 $249,783

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    NORTHWEST BANCSHARES INC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
    NORTHWEST BANCSHARES INC Conventional home mortgage Trouble during payment process 1 50.0%

    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 $41,931
    North Shore Trust and Savings 3060 W. Sand Lake Road Lindenhurst, IL 60046 Full Service B&M $20,054
    North Shore Trust and Savings 700 S Lewis Ave Waukegan, IL 60085 Full Service B&M $130,765

    For 2020, North Shore Trust And Savings had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $6,028
    Net interest income $4,540
    Total noninterest income $1,490
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $49
    Trading account gains and fees $0
    Additional Noninterest Income $1,441
    Pre-tax net operating income $-440
    Securities gains (or losses, -) $59
    Income before extraordinary items $65
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $65
    Minority interest net income $0
    Net income $65
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $18

    North Shore Trust And Savings's gross interest income from loans was $6,028,000.
    North Shore Trust And Savings's net interest income from loans was $4,540,000.
    North Shore Trust And Savings's fee based income from loans was $49,000.
    North Shore Trust And Savings's net income from loans was $65,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,488
    Provision for credit losses $464
    Total noninterest expense $6,006
    Salaries and employee benefits $3,441
    Premises and equipment expense $698
    Additional noninterest expense $1,867
    Applicable income taxes $-446
    Net charge-offs $-17
    Cash dividends $0

    North Shore Trust And Savings's interest expense for loans was $1,488,000.
    North Shore Trust And Savings's payroll and benefits expense were $3,441,000.
    North Shore Trust And Savings's property, plant and equipment expenses $698,000.

    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 $189,982
    Deposits held in domestic offices $189,982
    Deposits by Individuals, partnerships, and corporations $189,942
    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 $28,672
    Demand deposits $9,734
    Nontransaction accounts $161,310
    Money market deposit accounts (MMDAs) $51,160
    Other savings deposits (excluding MMDAs) $42,237
    Total time deposits $67,912
    Total time and savings deposits $180,248
    Noninterest-bearing deposits $9,734
    Interest-bearing deposits $180,248
    Retail deposits $179,277
    IRAs and Keogh plan accounts $30,405
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $242,219
    Cash & Balances due from depository institutions $44,304
    Interest-bearing balances $43,420
    Total securities $81,620
    Federal funds sold & reverse repurchase $0
    Net loans and leases $100,427
    Loan and leases loss allowance $870
    Trading account assets $0
    Bank premises and fixed assets $5,213
    Other real estate owned $0
    Goodwill and other intangibles $120
    All other assets $10,535

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $242,219
    Total Liabilities $196,557
    Total deposits $189,982
    Interest-bearing deposits $180,248
    Deposits held in domestic offices $189,982
    % insured (estimated) $91
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $4,000
    Subordinated debt $0
    All other liabilities $2,575

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $100,427
    Loan and leases loss allowance $870
    Total loans and leases (domestic) $101,297
    All real estate loans $100,065
    Real estate loans in domestic offices $100,065
    Construction and development loans $1,551
    Residential 1-4 family construction $1,551
    Other construction, all land development and other land $0
    Loans secured by nonfarm nonresidential properties $4,195
    Nonfarm nonresidential secured by owner-occupied properties $729
    Commercial real estate & other non-farm, non-residential $3,466
    Multifamily residential real estate $5,728
    1-4 family residential loans $88,591
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $846
    To non-U.S. addressees $0
    Loans to individuals $384
    Credit card loans $0
    Related Plans $2
    Consumer Auto Loans $26
    Other loans to individuals $356
    All other loans & leases $2
    Loans to foreign governments and official institutions $0
    Other loans $2
    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 $1,777
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    North Shore Trust and Savings had $100,427,000 of loans outstanding in 2020. $100,065,000 of loans were in real estate loans. $1,551,000 of loans were in development loans. $5,728,000 of loans were in multifamily mortgage loans. $88,591,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $26,000 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 $786 $87,333
    Nonfarm, nonresidential loans - <$100k 3 $112 $37,333
    Nonfarm, nonresidential loans - $100-250k 4 $265 $66,250
    Nonfarm, nonresidential loans - $250k-1MM 2 $409 $204,500
    Commercial & Industrial, US addressed loans - <$1MM 26 $846 $32,538
    Commercial & Industrial, US addressed loans - <$100k 23 $588 $25,565
    Commercial & Industrial, US addressed loans - $100-250k 3 $258 $86,000