Bank Of Springfield Mortgage Rates, Fees & Info

Springfield, IL

LEI: 549300XAJENHWRM32Z86

Tax ID: 37-0865074

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Review & Overview

Bank Of Springfield is a smaller bank specializing in Refi and Home Purchase loans. Bank Of Springfield has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Springfield, St. Louis, Chicago, Quincy, and Jacksonville among others. We have data for 99 markets. (Some data included below & more in-depth data is available with an active subscription.)

Bank Of Springfield has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Bank Of Springfield is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™ Mortgage Type	Simulated Rate	Simulation Date
30 Year Conventional Purchase	6.55%	4/21/24
30 Year Conventional Refi	6.32%	4/21/24
30 Year Cash-out Refi	6.44%	4/21/24
30 Year FHA Purchase	7.26%	4/21/24
30 Year VA Purchase	6.41%	4/21/24
30 Year USDA Purchase	7.14%	4/21/24
15 Year Conventional Purchase	5.82%	4/21/24
15 Year Conventional Refi	5.70%	4/21/24
15 Year Cash-out Refi	5.70%	4/21/24
15 Year FHA Purchase	5.68%	4/21/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Bank Of Springfield Mortgage Calculator

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This is not an official calculator from Bank Of Springfield. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.

Originations

3,089

Origination Dollar Volume (All Markets)

$605,935,000

Employee count

282

Awards

Bank of Springfield 30 Year Conventional Loans gold

Bank of Springfield 30 Year Conventional Loans silver

Bank of Springfield 30 Year Conventional Loans bronze

Show all (17) awards

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
SPRINGFIELD, IL (FHA\|USDA\|VA)	1,475	$264,525,000	$179,339	$1,681	2.88%
ST. LOUIS, MO-IL (FHA\|USDA\|VA)	1,000	$207,930,000	$207,930	$1,708	3.16%
Chicago-Naperville-Elgin, IL-IN-WI (FHA\|USDA\|VA)	57	$14,665,000	$257,281	$2,101	2.76%
Quincy, IL-MO (FHA\|USDA\|VA)	90	$14,000,000	$155,556	$1,711	3.13%
Outside of Metro Areas	64	$10,240,000	$160,000	$2,155	2.95%
Jacksonville, IL (FHA\|USDA\|VA)	61	$8,255,000	$135,328	$1,972	3.04%
Branson, MO (FHA\|USDA\|VA)	2	$4,790,000	$2,395,000	$9,836	3.20%
NAPLES-MARCO ISLAND, FL (FHA\|USDA\|VA)	7	$3,895,000	$556,429	$4,078	3.63%
PHOENIX-MESA-CHANDLER, AZ (FHA\|USDA\|VA)	14	$3,430,000	$245,000	$2,561	2.83%
Taylorville, IL (FHA\|USDA\|VA)	24	$3,350,000	$139,583	$1,888	2.96%
DENVER-AURORA-LAKEWOOD, CO (FHA\|USDA\|VA)	8	$3,020,000	$377,500	$1,657	2.99%
Hannibal, MO (FHA\|USDA\|VA)	15	$2,945,000	$196,333	$1,905	2.67%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA\|USDA\|VA)	6	$2,760,000	$460,000	$3,079	3.16%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA\|USDA\|VA)	4	$2,630,000	$657,500	$4,069	3.55%
KANSAS CITY, MO-KS (FHA\|USDA\|VA)	13	$2,455,000	$188,846	$1,887	3.08%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA\|USDA\|VA)	6	$2,390,000	$398,333	$2,048	3.34%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA\|USDA\|VA)	7	$2,325,000	$332,143	$1,625	2.62%
BLOOMINGTON, IL (FHA\|USDA\|VA)	12	$2,270,000	$189,167	$1,429	2.72%
CHAMPAIGN-URBANA, IL (FHA\|USDA\|VA)	13	$2,245,000	$172,692	$1,730	2.97%
Los Angeles-Long Beach-Anaheim, CA (FHA\|USDA\|VA)	5	$2,005,000	$401,000	$4,247	2.70%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA\|USDA\|VA)	10	$2,000,000	$200,000	$1,912	3.28%
PEORIA, IL (FHA\|USDA\|VA)	12	$1,970,000	$164,167	$1,485	2.69%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA\|USDA\|VA)	6	$1,710,000	$285,000	$2,984	2.64%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA\|USDA\|VA)	2	$1,670,000	$835,000	$10,279	2.80%
Lincoln, IL (FHA\|USDA\|VA)	9	$1,605,000	$178,333	$1,368	2.86%
Georgetown, SC (FHA\|USDA\|VA)	1	$1,605,000	$1,605,000	$0	4.00%
MEMPHIS, TN-MS-AR (FHA\|USDA\|VA)	16	$1,560,000	$97,500	$2,510	4.12%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA\|USDA\|VA)	3	$1,425,000	$475,000	$5,292	2.68%
FORT COLLINS, CO (FHA\|USDA\|VA)	6	$1,370,000	$228,333	$2,517	3.10%
CAPE CORAL-FORT MYERS, FL (FHA\|USDA\|VA)	6	$1,370,000	$228,333	$3,298	3.08%
Seattle-Tacoma-Bellevue, WA (FHA\|USDA\|VA)	3	$1,325,000	$441,667	$2,435	2.95%
Dallas-Fort Worth-Arlington, TX (FHA\|USDA\|VA)	4	$1,300,000	$325,000	$4,048	2.73%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA\|USDA\|VA)	9	$1,255,000	$139,444	$1,691	3.40%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA\|USDA\|VA)	10	$1,230,000	$123,000	$3,015	4.01%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA\|USDA\|VA)	3	$1,085,000	$361,667	$2,310	3.08%
JACKSONVILLE, FL (FHA\|USDA\|VA)	4	$970,000	$242,500	$2,077	3.18%
DECATUR, IL (FHA\|USDA\|VA)	7	$965,000	$137,857	$1,782	2.92%
CINCINNATI, OH-KY-IN (FHA\|USDA\|VA)	3	$965,000	$321,667	$2,975	3.38%
BIRMINGHAM-HOOVER, AL (FHA\|USDA\|VA)	4	$870,000	$217,500	$2,346	3.40%
Angola, IN (FHA\|USDA\|VA)	2	$790,000	$395,000	$2,515	3.39%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA\|USDA\|VA)	2	$730,000	$365,000	$4,182	3.03%
MADISON, WI (FHA\|USDA\|VA)	2	$730,000	$365,000	$1,579	2.81%
SALT LAKE CITY, UT (FHA\|USDA\|VA)	2	$690,000	$345,000	$4,694	3.24%
New York-Newark-Jersey City, NY-NJ-PA (FHA\|USDA\|VA)	3	$665,000	$221,667	$3,748	3.25%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA\|USDA\|VA)	5	$655,000	$131,000	$2,782	3.34%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA\|USDA\|VA)	3	$655,000	$218,333	$2,311	2.73%
North Port-Sarasota-Bradenton, FL (FHA\|USDA\|VA)	3	$605,000	$201,667	$2,654	2.43%
CARBONDALE-MARION, IL (FHA\|USDA\|VA)	2	$580,000	$290,000	$2,300	2.79%
PORTLAND-SOUTH PORTLAND, ME (FHA\|USDA\|VA)	2	$540,000	$270,000	$4,564	2.95%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA\|USDA\|VA)	1	$515,000	$515,000	$2,979	2.70%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA\|USDA\|VA)	1	$505,000	$505,000	$4,436	3.10%
Boston-Cambridge-Newton, MA-NH (FHA\|USDA\|VA)	1	$485,000	$485,000	$8,585	2.50%
Detroit-Warren-Dearborn, MI (FHA\|USDA\|VA)	2	$480,000	$240,000	$3,968	3.38%
Dixon, IL (FHA\|USDA\|VA)	2	$470,000	$235,000	$2,500	2.80%
Sebastian-Vero Beach, FL (FHA\|USDA\|VA)	1	$465,000	$465,000	$4,646	3.38%
ASHEVILLE, NC (FHA\|USDA\|VA)	2	$430,000	$215,000	$2,125	2.84%
RALEIGH-CARY, NC (FHA\|USDA\|VA)	2	$410,000	$205,000	$1,841	2.50%
KINGSTON, NY (FHA\|USDA\|VA)	1	$405,000	$405,000	$3,268	2.78%
Brainerd, MN (FHA\|USDA\|VA)	1	$405,000	$405,000	$2,627	2.65%
JOPLIN, MO (FHA\|USDA\|VA)	3	$395,000	$131,667	$2,310	2.48%
BOISE CITY, ID (FHA\|USDA\|VA)	1	$385,000	$385,000	$3,196	2.80%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA\|USDA\|VA)	1	$365,000	$365,000	$2,436	2.65%
Fort Madison-Keokuk, IA-IL-MO (FHA\|USDA\|VA)	3	$365,000	$121,667	$1,558	2.47%
COLORADO SPRINGS, CO (FHA\|USDA\|VA)	1	$335,000	$335,000	$3,006	3.00%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA\|USDA\|VA)	2	$330,000	$165,000	$3,075	3.74%
Galesburg, IL (FHA\|USDA\|VA)	1	$325,000	$325,000	$1,752	3.85%
OGDEN-CLEARFIELD, UT (FHA\|USDA\|VA)	1	$315,000	$315,000	$2,489	3.33%
Macomb, IL (FHA\|USDA\|VA)	3	$305,000	$101,667	$1,791	2.27%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA\|USDA\|VA)	2	$300,000	$150,000	$2,665	3.18%
DES MOINES-WEST DES MOINES, IA (FHA\|USDA\|VA)	1	$295,000	$295,000	$2,282	2.75%
TUCSON, AZ (FHA\|USDA\|VA)	1	$295,000	$295,000	$2,229	2.80%
SANTA FE, NM (FHA\|USDA\|VA)	1	$295,000	$295,000	$2,995	3.10%
WILMINGTON, NC (FHA\|USDA\|VA)	1	$295,000	$295,000	$2,733	3.10%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA\|USDA\|VA)	1	$255,000	$255,000	$1,143	2.58%
Bozeman, MT (FHA\|USDA\|VA)	1	$225,000	$225,000	$2,834	2.50%
CLARKSVILLE, TN-KY (FHA\|USDA\|VA)	1	$205,000	$205,000	$2,583	2.78%
Ottawa, IL (FHA\|USDA\|VA)	1	$205,000	$205,000	$2,633	3.43%
ALBUQUERQUE, NM (FHA\|USDA\|VA)	1	$195,000	$195,000	$2,930	2.48%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA\|USDA\|VA)	1	$185,000	$185,000	$2,770	2.78%
CANTON-MASSILLON, OH (FHA\|USDA\|VA)	1	$175,000	$175,000	$2,239	2.58%
Oak Harbor, WA (FHA\|USDA\|VA)	1	$175,000	$175,000	$0	2.50%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA\|USDA\|VA)	1	$165,000	$165,000	$2,254	2.50%
SPRINGFIELD, MO (FHA\|USDA\|VA)	1	$165,000	$165,000	$1,965	3.00%
OLYMPIA-LACEY-TUMWATER, WA (FHA\|USDA\|VA)	1	$155,000	$155,000	$2,915	3.10%
TOLEDO, OH (FHA\|USDA\|VA)	1	$155,000	$155,000	$2,963	2.45%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA\|USDA\|VA)	1	$145,000	$145,000	$2,794	2.60%
Mount Vernon, IL (FHA\|USDA\|VA)	1	$135,000	$135,000	$1,365	2.70%
SPARTANBURG, SC (FHA\|USDA\|VA)	1	$135,000	$135,000	$2,123	2.20%
ST. JOSEPH, MO-KS (FHA\|USDA\|VA)	1	$135,000	$135,000	$1,400	3.20%
GULFPORT-BILOXI, MS (FHA\|USDA\|VA)	1	$125,000	$125,000	$3,265	3.53%
CLEVELAND-ELYRIA, OH (FHA\|USDA\|VA)	1	$115,000	$115,000	$1,783	2.50%
FORT WAYNE, IN (FHA\|USDA\|VA)	1	$115,000	$115,000	$0	3.25%
MICHIGAN CITY-LA PORTE, IN (FHA\|USDA\|VA)	1	$105,000	$105,000	$0	3.23%
KNOXVILLE, TN (FHA\|USDA\|VA)	1	$95,000	$95,000	$959	3.18%
Charleston-Mattoon, IL (FHA\|USDA\|VA)	1	$85,000	$85,000	$1,885	2.40%
West Plains, MO (FHA\|USDA\|VA)	1	$85,000	$85,000	$1,845	2.50%
TULSA, OK (FHA\|USDA\|VA)	1	$75,000	$75,000	$0	3.53%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA\|USDA\|VA)	1	$75,000	$75,000	$308	4.99%
NEW ORLEANS-METAIRIE, LA (FHA\|USDA\|VA)	1	$65,000	$65,000	$0	2.65%

Bank Of Springfield's top markets include Springfield, St. Louis, Chicago, Quincy, and Jacksonville among others.

Their top states include:

Illinois (FHA|USDA|VA)

Missouri (FHA|USDA|VA)

Florida (FHA|USDA|VA)

Colorado (FHA|USDA|VA)

Arizona (FHA|USDA|VA)

Similar Lenders

We use machine learning to identify the top lenders compared against Bank of Springfield based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

First Bankers Trust Company
Similarity Rank: 115

HNB National Bank
Similarity Rank: 195

United Bank of Union
Similarity Rank: 245

HEARTLAND
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Liberty Bank for Savings
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Glenview State Bank
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CapGrow Home Mortgage, LLC
Similarity Rank: 352

D.W. BROWN MORTGAGE CORP.
Similarity Rank: 428

CROWN MORTGAGE COMPANY
Similarity Rank: 627

AMERITRUST MORTGAGE CORPORATION
Similarity Rank: 648

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	2,965	$581,185,000	$196,015	$1,651	3.01%
VA	60	$14,690,000	$244,833	$4,379	2.62%
FHA	54	$8,410,000	$155,741	$5,019	2.98%
USDA	10	$1,650,000	$165,000	$3,663	2.88%

For 2020, Bank Of Springfield's most frequently originated type of loan was Conventional, with 2,965 originations. Their 2nd most popular type was VA, with 60 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Refi	1,508	$301,530,000	$199,954	$1,407	2.87%
Home Purchase	1,089	$206,605,000	$189,720	$2,364	3.17%
Cash Out Refi	432	$87,140,000	$201,713	$2,045	2.85%
Home Improvement	37	$7,855,000	$212,297	$447	4.40%
Other	23	$2,805,000	$121,957	$767	4.17%

For 2020, Bank Of Springfield's most frequently cited loan purpose was Refi, with 1,508 originations. The 2nd most popular reason was Home Purchase, with 1,089 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
30 Year	1,507	$307,605,000	$204,117	$2,199	2.99%
15 Year	749	$136,135,000	$181,756	$1,499	2.48%
Other	367	$75,715,000	$206,308	$1,048	3.86%
20 Year	192	$38,190,000	$198,906	$1,671	2.77%
10 Year	123	$21,805,000	$177,276	$1,420	2.39%
5 Year	117	$18,325,000	$156,624	$369	4.44%
3 Year	19	$5,565,000	$292,895	$231	4.48%
1 Year	15	$2,595,000	$173,000	$1,561	4.09%

For 2020, Bank Of Springfield's most frequently cited loan duration was 30 Year, with 1,507 originations. The 2nd most popular length was 15 Year, with 749 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$<1k	2,232	$445,240,000	$199,480
$1k-2k	251	$55,465,000	$220,976
$2k-3k	87	$23,285,000	$267,644
$3k-4k	17	$5,545,000	$326,176
$5k+	14	$6,470,000	$462,143
$4k-5k	11	$2,865,000	$260,455

Bank Of Springfield's average total fees were $2,199, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2,232 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
2.5-3%	1,062	$225,370,000	$212,213
<2.5%	944	$169,820,000	$179,894
3-4%	750	$162,830,000	$217,107
4-5%	275	$39,885,000	$145,036
5-6%	52	$6,910,000	$132,885
6-7%	5	$1,075,000	$215,000

During 2020, Bank Of Springfield's average interest rate for loans was 2.99%, while their most frequently originated rate bucket for loans was 2.5-3%, with 1,062 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-200k	1,285	$188,165,000	$146,432	$1,654	2.87%
$200k-400k	969	$267,825,000	$276,393	$1,941	2.92%
$100,000 or less	642	$43,730,000	$68,115	$1,295	3.36%
$400k-600k	170	$79,600,000	$468,235	$2,822	2.97%
$600k-1MM	12	$9,270,000	$772,500	$3,913	3.82%
$1MM+	11	$17,345,000	$1,576,818	$5,378	3.78%

2020 saw Bank Of Springfield place emphasis on $100k-200k loans with 1,285 originations, totaling $188,165,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-150k	695	$139,905,000	$201,302	$1,716	2.91%
$150k-250k	565	$135,455,000	$239,743	$1,795	3.04%
$75k-100k	532	$90,340,000	$169,812	$1,910	2.89%
$50k-75k	471	$65,535,000	$139,140	$1,757	2.84%
$50k or less	302	$31,520,000	$104,371	$1,731	2.89%
$250k+	278	$90,890,000	$326,942	$2,049	3.11%

Bank Of Springfield lent most frequently to those with incomes in the $100k-150k range, with 695 originations. The second most popular income band? $150k-250k, with 565 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-30%	915	$181,855,000	$198,749	$1,716	2.88%
30-36%	553	$111,045,000	$200,805	$1,765	2.98%
<20%	547	$104,195,000	$190,484	$1,503	2.87%
42%	85	$18,805,000	$221,235	$2,291	2.90%
36%	83	$15,265,000	$183,916	$1,970	3.06%
39%	78	$13,790,000	$176,795	$1,727	2.89%
37%	77	$13,895,000	$180,455	$2,099	2.88%
40%	77	$14,105,000	$183,182	$1,962	3.04%
41%	76	$14,180,000	$186,579	$2,052	2.96%
38%	72	$12,890,000	$179,028	$1,874	2.86%
44%	65	$12,735,000	$195,923	$1,989	3.03%
43%	63	$11,205,000	$177,857	$2,156	3.01%
46%	59	$12,355,000	$209,407	$2,259	3.08%
45%	54	$9,630,000	$178,333	$2,718	3.00%
47%	41	$7,975,000	$194,512	$1,963	2.97%
48%	33	$7,195,000	$218,030	$1,803	3.03%
49%	27	$5,875,000	$217,593	$1,811	2.97%
50-60%	13	$2,505,000	$192,692	$3,197	3.93%
>60%	8	$950,000	$118,750	$1,078	4.96%

Bank Of Springfield lent most frequently to those with DTI ratios of 20-30%, with 915 originations. The next most common DTI ratio? 30-36%, with 553 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	2,619	$518,695,000	$198,051	$1,778	2.92%
Not provided	220	$37,240,000	$169,273	$1,799	3.08%
Not applicable	128	$24,730,000	$193,203	$0	4.45%
Black	68	$11,710,000	$172,206	$2,303	3.06%
Asian	40	$10,120,000	$253,000	$1,663	2.92%
American Indian	7	$1,725,000	$246,429	$1,961	2.86%
Native Hawaiian or Islander	3	$965,000	$321,667	$2,575	2.60%
Chinese	1	$245,000	$245,000	$2,448	2.35%
Other Asian	1	$235,000	$235,000	$2,822	2.88%
Korean	1	$165,000	$165,000	$1,510	2.30%
Filipino	1	$105,000	$105,000	$0	3.50%

Approval Rates

Total approvals of all applications
94.27%

Bank Of Springfield has an average approval rate.

Pick Rate

Approvals leading to origination
77.66%

Bank Of Springfield has a below average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
NA	3,089	$605,935,000	$196,159

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	26	$11,950,000	$459,615
Single Family (1-4 Units):Manufactured	5	$545,000	$109,000
Single Family (1-4 Units):Site-Built	3,058	$593,440,000	$194,061

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	145	$20,555,000	$141,759	$1,276	3.02%
40-60%	394	$70,000,000	$177,665	$1,494	2.72%
60-80%	1,290	$258,630,000	$200,488	$1,639	2.87%
80-100%	773	$158,815,000	$205,453	$2,242	2.92%
Over 100%	13	$5,155,000	$396,538	$8,270	2.98%
Under 20%	453	$87,895,000	$194,029	$1,597	3.75%

Complaints

Bank Name	Product	Issue	2020 CPFB Complaints	% of Total Issues
BANK OF THE WEST	Conventional home mortgage	Incorrect information on your report	1	3.8%
BANK OF THE WEST	Conventional home mortgage	Closing on a mortgage	2	7.7%
BANK OF THE WEST	Other type of mortgage	Trouble during payment process	4	15.4%
BANK OF THE WEST	Other type of mortgage	Struggling to pay mortgage	2	7.7%
BANK OF THE WEST	Other type of mortgage	Applying for a mortgage or refinancing an existing mortgage	1	3.8%
BANK OF THE WEST	Home equity loan or line of credit (HELOC)	Trouble during payment process	6	23.1%
BANK OF THE WEST	Home equity loan or line of credit (HELOC)	Struggling to pay mortgage	1	3.8%
BANK OF THE WEST	Home equity loan or line of credit (HELOC)	Closing on a mortgage	2	7.7%
BANK OF THE WEST	Conventional home mortgage	Trouble during payment process	4	15.4%
BANK OF THE WEST	Conventional home mortgage	Applying for a mortgage or refinancing an existing mortgage	2	7.7%
BANK OF THE WEST	Conventional home mortgage	Struggling to pay mortgage	1	3.8%

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
Bank of Springfield	1111 Maine St Quincy, IL 62301	Full Service B&M	$18,725
Bank of Springfield	1140 Commercial Court, Suite A Chatham, IL 62629	Full Service B&M	$12,048
Bank of Springfield	1701 W. Morton Avenue Jacksonville, IL 62650	Full Service B&M	$33,867
Bank of Springfield	1717 North Illinois Street Swansea, IL 62226	Full Service B&M	$25,573
Bank of Springfield	1770 Frank Scott Parkway East Shiloh, IL 62269	Full Service B&M	$35,988
Bank of Springfield	2160a South Illinois Route 157 Glen Carbon, IL 62034	Full Service B&M	$25,015
Bank of Springfield	220 North 48th Street Quincy, IL 62305	Full Service B&M	$22,134
Bank of Springfield	2600 Stevenson Drive Springfield, IL 62703	Full Service B&M	$113,828
Bank of Springfield	303 W. College Jacksonville, IL 62650	Full Service B&M	$37,623
Bank of Springfield	3400 West Wabash Springfield, IL 62711	Full Service B&M	$451,171
Bank of Springfield	417 West North Street Staunton, IL 62088	Full Service B&M	$32,165
Bank of Springfield	7730 Carondelet Avenue, Suite 200 Saint Louis, MO 63105	Full Service B&M	$6,499
Bank of Springfield	850 East Madison Street Springfield, IL 62701	Full Service B&M	$177,200

For 2020, Bank Of Springfield had 13 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$46,994
Net interest income	$41,112
Total noninterest income	$22,365
Gross Fiduciary activities income	$398
Service charges on deposit accounts	$1,128
Trading account gains and fees	$0
Additional Noninterest Income	$20,839
Pre-tax net operating income	$15,029
Securities gains (or losses, -)	$78
Income before extraordinary items	$10,766
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$10,766
Minority interest net income	$0
Net income	$10,766
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$10,704

Bank Of Springfield's gross interest income from loans was $46,994,000.
Bank Of Springfield's net interest income from loans was $41,112,000.
Bank Of Springfield's fee based income from loans was $1,128,000.
Bank Of Springfield's net income from loans was $10,766,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$5,882
Provision for credit losses	$5,475
Total noninterest expense	$42,973
Salaries and employee benefits	$27,342
Premises and equipment expense	$4,255
Additional noninterest expense	$11,376
Applicable income taxes	$4,341
Net charge-offs	$4,682
Cash dividends	$2,488

Bank Of Springfield's interest expense for loans was $5,882,000.
Bank Of Springfield's payroll and benefits expense were $27,342,000.
Bank Of Springfield's property, plant and equipment expenses $4,255,000.

Loan Performance

Type of Loan	% of Loans Noncurrent (30+ days, end of period snapshot)
All loans	2.0%
Real Estate loans	3.0%
Construction & Land Development loans	18.0%
Nonfarm, nonresidential loans	0.0%
Multifamily residential loans	0.0%
1-4 family residential loans	0.0%
HELOC loans	0.0%
All other family	1.0%
Commercial & industrial loans	1.0%
Personal loans	3.0%
Credit card loans	0.0%
Other individual loans	3.0%
Auto loans	0.0%
Other consumer loans	5.0%
Unsecured commercial real estate loans	0.0%

Deposits

Type	Value (in 000's)
Total deposits	$1,050,371
Deposits held in domestic offices	$1,050,371
Deposits by Individuals, partnerships, and corporations	$1,001,367
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$47,549
Deposits by Commercial banks and other depository institutions in U.S.	$1,455
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$257,390
Demand deposits	$257,390
Nontransaction accounts	$792,981
Money market deposit accounts (MMDAs)	$176,115
Other savings deposits (excluding MMDAs)	$534,096
Total time deposits	$82,769
Total time and savings deposits	$792,981
Noninterest-bearing deposits	$204,646
Interest-bearing deposits	$845,725
Retail deposits	$1,035,603
IRAs and Keogh plan accounts	$6,133
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$1,249,736
Cash & Balances due from depository institutions	$138,842
Interest-bearing balances	$126,532
Total securities	$61,417
Federal funds sold & reverse repurchase	$0
Net loans and leases	$983,988
Loan and leases loss allowance	$12,145
Trading account assets	$0
Bank premises and fixed assets	$21,193
Other real estate owned	$7,933
Goodwill and other intangibles	$7,541
All other assets	$28,822

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$1,249,736
Total Liabilities	$1,142,569
Total deposits	$1,050,371
Interest-bearing deposits	$845,725
Deposits held in domestic offices	$1,050,371
% insured (estimated)	$74
Federal funds purchased and repurchase agreements	$13,009
Trading liabilities	$0
Other borrowed funds	$74,000
Subordinated debt	$0
All other liabilities	$5,189

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$983,988
Loan and leases loss allowance	$12,145
Total loans and leases (domestic)	$996,133
All real estate loans	$626,074
Real estate loans in domestic offices	$626,074
Construction and development loans	$97,630
Residential 1-4 family construction	$35,614
Other construction, all land development and other land	$62,016
Loans secured by nonfarm nonresidential properties	$289,384
Nonfarm nonresidential secured by owner-occupied properties	$142,155
Commercial real estate & other non-farm, non-residential	$147,229
Multifamily residential real estate	$18,540
1-4 family residential loans	$128,462
Farmland loans	$92,058
Loans held in foreign offices	$0
Farm loans	$49,333
Commercial and industrial loans	$262,372
To non-U.S. addressees	$0
Loans to individuals	$5,713
Credit card loans	$0
Related Plans	$423
Consumer Auto Loans	$2,213
Other loans to individuals	$3,077
All other loans & leases	$52,641
Loans to foreign governments and official institutions	$0
Other loans	$34,558
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	$5,490
Non 1-4 family restructured loans & leases	$4,995
Total loans and leases (foreign)	$0

Bank of Springfield had $983,988,000 of loans outstanding in 2020. $626,074,000 of loans were in real estate loans. $97,630,000 of loans were in development loans. $18,540,000 of loans were in multifamily mortgage loans. $128,462,000 of loans were in 1-4 family mortgage loans. $49,333,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,213,000 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	397	$84,207	$212,108
Nonfarm, nonresidential loans - <$100k	99	$6,819	$68,879
Nonfarm, nonresidential loans - $100-250k	112	$22,140	$197,679
Nonfarm, nonresidential loans - $250k-1MM	186	$55,248	$297,032
Commercial & Industrial, US addressed loans - <$1MM	1,455	$147,039	$101,058
Commercial & Industrial, US addressed loans - <$100k	975	$24,540	$25,169
Commercial & Industrial, US addressed loans - $100-250k	255	$26,836	$105,239
Commercial & Industrial, US addressed loans - $250k-1MM	225	$95,663	$425,169
Farmland loans - <$1MM	430	$35,425	$82,384
Farmland loans - <$100k	213	$8,323	$39,075
Farmland loans - $100-250k	122	$13,729	$112,533
Farmland loans - $250k-1MM	95	$13,373	$140,768
Agriculture operations loans - <$1MM	161	$15,386	$95,565
Agriculture operations loans - <$100k	83	$2,629	$31,675
Agriculture operations loans - $100-250k	42	$4,558	$108,524
Agriculture operations loans - $250k-1MM	36	$8,199	$227,750