Bank Of Springfield Mortgage Rates, Fees & Info
Springfield, ILLEI: 549300XAJENHWRM32Z86
Tax ID: 37-0865074
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Mortgage Data
Bank 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.55% | 12/16/24 |
| 30 Year Conventional Refi | 6.32% | 12/16/24 |
| 30 Year Cash-out Refi | 6.44% | 12/16/24 |
| 30 Year FHA Purchase | 7.26% | 12/16/24 |
| 30 Year VA Purchase | 6.41% | 12/16/24 |
| 30 Year USDA Purchase | 7.14% | 12/16/24 |
| 15 Year Conventional Purchase | 5.82% | 12/16/24 |
| 15 Year Conventional Refi | 5.70% | 12/16/24 |
| 15 Year Cash-out Refi | 5.70% | 12/16/24 |
| 15 Year FHA Purchase | 5.68% | 12/16/24 |
| 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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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
3,089Origination Dollar Volume (All Markets)
$605,935,000Employee count
282Awards
Bank of Springfield - 2020
Bank of Springfield is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
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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% |
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Product Mix
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
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
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
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
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
2020 saw Bank Of Springfield place emphasis on $100k-200k loans with 1,285 originations, totaling $188,165,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications94.27%
Bank Of Springfield has an average approval rate.
Pick Rate
Approvals leading to origination77.66%
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
LTV Distribution
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 |