State Farm Bank Mortgage Rates, Fees & Info
Bloomington, ILLEI: 549300ZUZB0H1M5M3I66
Tax ID: 37-1381494
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Review & Overview
State Farm Bank is a smaller bank specializing in Home Improvement, Refi, Other, and Cash Out Refi loans. State Farm Bank has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Los Angeles, Chicago, Minneapolis, and Houston among others. We have data for 196 markets. (Some data included below & more in-depth data is available with an active subscription.)State Farm Bank 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. State Farm Bank 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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Originations
429Origination Dollar Volume (All Markets)
$31,045,000Employee count
698Top 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 |
|---|---|---|---|---|---|
| Outside of Metro Areas | 25 | $1,505,000 | $60,200 | $0 | 6.43% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 15 | $1,305,000 | $87,000 | $1,167 | 6.14% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 12 | $1,300,000 | $108,333 | $0 | 6.22% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 10 | $1,280,000 | $128,000 | $0 | 5.72% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 9 | $975,000 | $108,333 | $0 | 6.37% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 11 | $875,000 | $79,545 | $859 | 5.43% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 7 | $785,000 | $112,143 | $0 | 5.71% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 3 | $765,000 | $255,000 | $0 | 6.23% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 9 | $705,000 | $78,333 | $0 | 6.52% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 11 | $655,000 | $59,545 | $2,511 | 6.07% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 8 | $600,000 | $75,000 | $0 | 6.44% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 3 | $485,000 | $161,667 | $0 | 6.83% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $0 | 6.07% |
| OCALA, FL (FHA|USDA|VA) | 4 | $440,000 | $110,000 | $2,681 | 5.21% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 7 | $425,000 | $60,714 | $0 | 6.56% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 4 | $410,000 | $102,500 | $5,713 | 5.66% |
| ROCHESTER, MN (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $0 | 5.70% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 5 | $355,000 | $71,000 | $0 | 7.27% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 5 | $345,000 | $69,000 | $0 | 6.27% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 4 | $340,000 | $85,000 | $0 | 6.29% |
| BOISE CITY, ID (FHA|USDA|VA) | 4 | $330,000 | $82,500 | $0 | 5.90% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 3 | $315,000 | $105,000 | $0 | 5.52% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 3 | $315,000 | $105,000 | $2,637 | 5.01% |
| Edwards, CO (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 6.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 5 | $305,000 | $61,000 | $0 | 5.86% |
| Minden, LA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 4.50% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 4 | $260,000 | $65,000 | $0 | 4.83% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 4 | $260,000 | $65,000 | $0 | 6.21% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $0 | 6.35% |
| Jackson, WY-ID (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 5.65% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $4,270 | 5.30% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $1,770 | 5.25% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $0 | 6.15% |
| Sandpoint, ID (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $6,918 | 4.13% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $0 | 4.68% |
| BURLINGTON, NC (FHA|USDA|VA) | 3 | $215,000 | $71,667 | $2,440 | 5.17% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 3 | $215,000 | $71,667 | $0 | 6.43% |
| PEORIA, IL (FHA|USDA|VA) | 5 | $205,000 | $41,000 | $0 | 6.30% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 3 | $205,000 | $68,333 | $0 | 6.65% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 4 | $200,000 | $50,000 | $0 | 6.38% |
| RICHMOND, VA (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $0 | 5.65% |
| READING, PA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 7.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 3 | $195,000 | $65,000 | $2,590 | 7.21% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 5.99% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,699 | 3.88% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 3 | $185,000 | $61,667 | $0 | 6.50% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 3.35% |
| SALEM, OR (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $0 | 5.73% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 4 | $170,000 | $42,500 | $0 | 6.53% |
| Durango, CO (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 7.00% |
| Willmar, MN (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 6.00% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 2 | $160,000 | $80,000 | $3,276 | 5.99% |
| Wilson, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,511 | 4.13% |
| CHICO, CA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 6.10% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 3 | $155,000 | $51,667 | $0 | 5.47% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 8.24% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $150,000 | $75,000 | $0 | 7.07% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 6.80% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 3 | $145,000 | $48,333 | $0 | 5.88% |
| COLUMBIA, SC (FHA|USDA|VA) | 4 | $140,000 | $35,000 | $0 | 5.35% |
| Hermiston-Pendleton, OR (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $0 | 6.38% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 6.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 5.65% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 3 | $135,000 | $45,000 | $0 | 6.10% |
| LOUISVILLE, KY (FHA|USDA|VA) | 5 | $135,000 | $27,000 | $0 | 6.97% |
| TERRE HAUTE, IN (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $0 | 7.28% |
| BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $1,834 | 5.43% |
| Okeechobee, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 5.65% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 5.75% |
| Hilo, HI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 5.75% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 3 | $125,000 | $41,667 | $0 | 6.50% |
| COLUMBIA, MO (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $0 | 7.08% |
| MERCED, CA (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $0 | 5.93% |
| Newberry, SC (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $2,520 | 6.81% |
| Gillette, WY (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $0 | 6.07% |
| MADERA, CA (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $0 | 6.13% |
| ANCHORAGE, AK (FHA|USDA|VA) | 2 | $110,000 | $55,000 | $0 | 5.65% |
| ERIE, PA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 6.10% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 5.65% |
| Pella, IA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,334 | 4.25% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 6.45% |
| TYLER, TX (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 7.60% |
| Jefferson, GA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 6.00% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $0 | 7.15% |
| SPARTANBURG, SC (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $0 | 5.88% |
| LINCOLN, NE (FHA|USDA|VA) | 3 | $95,000 | $31,667 | $0 | 7.03% |
| Athens, TX (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,648 | 4.50% |
| DULUTH, MN-WI (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 7.49% |
| KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 6.10% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 3 | $95,000 | $31,667 | $0 | 6.71% |
| Columbus, MS (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 5.65% |
| Mount Sterling, KY (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 5.35% |
| Glenwood Springs, CO (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 6.00% |
| SIOUX CITY, IA-NE-SD (FHA|USDA|VA) | 3 | $85,000 | $28,333 | $0 | 6.10% |
| ST. JOSEPH, MO-KS (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 6.15% |
| Jacksonville, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 6.00% |
| LEBANON, PA (FHA|USDA|VA) | 2 | $80,000 | $40,000 | $0 | 5.65% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $80,000 | $40,000 | $0 | 6.70% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 2 | $80,000 | $40,000 | $0 | 4.00% |
| SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 6.00% |
| Bozeman, MT (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 6.60% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 8.50% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 5.25% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 2.00% |
| WICHITA, KS (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 5.15% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 2 | $70,000 | $35,000 | $0 | 6.40% |
| RENO, NV (FHA|USDA|VA) | 2 | $70,000 | $35,000 | $0 | 6.23% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 2 | $70,000 | $35,000 | $0 | 5.68% |
| JACKSON, MS (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 6.45% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 5.75% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 4.99% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 6.80% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $60,000 | $30,000 | $0 | 6.63% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 2 | $60,000 | $30,000 | $0 | 5.83% |
| LAFAYETTE, LA (FHA|USDA|VA) | 2 | $60,000 | $30,000 | $0 | 6.30% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 2 | $60,000 | $30,000 | $0 | 7.25% |
| KNOXVILLE, TN (FHA|USDA|VA) | 2 | $60,000 | $30,000 | $0 | 6.28% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 2 | $60,000 | $30,000 | $0 | 6.93% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 6.25% |
| BILLINGS, MT (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 6.99% |
| Macomb, IL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 5.75% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 5.65% |
| Traverse City, MI (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 6.10% |
| SANTA FE, NM (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 6.00% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 6.00% |
| IDAHO FALLS, ID (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 6.10% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 6.65% |
| WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 6.00% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 5.65% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 5.65% |
| POCATELLO, ID (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 6.60% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 6.25% |
| Malvern, AR (FHA|USDA|VA) | 2 | $50,000 | $25,000 | $0 | 6.45% |
| New Castle, IN (FHA|USDA|VA) | 2 | $50,000 | $25,000 | $0 | 6.18% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $50,000 | $25,000 | $0 | 6.68% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 2 | $50,000 | $25,000 | $0 | 6.90% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $2,819 | 3.63% |
| Raymondville, TX (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 6.75% |
| McComb, MS (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 6.00% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 5.75% |
| MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 7.15% |
| Morgan City, LA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 6.00% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 4.50% |
| LaGrange, GA-AL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 7.25% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 6.80% |
| Elko, NV (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 7.70% |
| Bluefield, WV-VA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 5.15% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 2 | $40,000 | $20,000 | $0 | 6.87% |
| Blytheville, AR (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 5.35% |
| Austin, MN (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 6.10% |
| BISMARCK, ND (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 4.50% |
| Marquette, MI (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 6.00% |
| Worthington, MN (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 6.00% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 5.65% |
| FLORENCE, SC (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 4.99% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 6.80% |
| Alexander City, AL (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 6.85% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 5.15% |
| Cookeville, TN (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 6.60% |
| Connersville, IN (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $3,178 | 4.50% |
| Vermillion, SD (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 5.35% |
| ROME, GA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 6.00% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 6.10% |
| Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 6.75% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 6.10% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 6.60% |
| McMinnville, TN (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 6.15% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 5.65% |
| MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 4.99% |
| Frankfort, IN (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 5.65% |
| Fergus Falls, MN (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 6.00% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 6.10% |
| FAIRBANKS, AK (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 6.75% |
| EVANSVILLE, IN-KY (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 6.25% |
| CORVALLIS, OR (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 6.65% |
| Pittsburg, KS (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 6.00% |
| Branson, MO (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 7.00% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 6.65% |
| ST. CLOUD, MN (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 5.65% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 7.00% |
| URBAN HONOLULU, HI (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 2.00% |
| WILLIAMSPORT, PA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 5.65% |
| Astoria, OR (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 5.65% |
| Outside of Metro Areas | 1 | $25,000 | $25,000 | $0 | 7.15% |
| Picayune, MS (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 6.00% |
| WACO, TX (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 6.60% |
| Paducah, KY-IL (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 7.15% |
| Emporia, KS (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 7.65% |
| Hannibal, MO (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 5.15% |
| Hays, KS (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 6.50% |
| New Ulm, MN (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 5.75% |
| Tifton, GA (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 6.10% |
| FORT WAYNE, IN (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 6.65% |
| Sayre, PA (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 6.50% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 7.49% |
| ROCKFORD, IL (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 5.65% |
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 295 | $20,145,000 | $68,288 | n/a | 6.32% |
| Conventional | 134 | $10,900,000 | $81,343 | $776 | 5.66% |
For 2020, State Farm Bank's most frequently originated type of loan was HELOC, with 295 originations. Their 2nd most popular type was Conventional, with 134 originations.
Loan Reason
For 2020, State Farm Bank's most frequently cited loan purpose was Home Improvement, with 134 originations. The 2nd most popular reason was Refi, with 105 originations.
Loan Duration/Length
For 2020, State Farm Bank's most frequently cited loan duration was Other, with 316 originations. The 2nd most popular length was 10 Year, with 35 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 104 | $5,750,000 | $55,288 |
| $1k-2k | 10 | $1,090,000 | $109,000 |
| $2k-3k | 6 | $1,130,000 | $188,333 |
| $4k-5k | 1 | $225,000 | $225,000 |
State Farm Bank's average total fees were $3,634, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 104 originations.
Interest Rates
During 2020, State Farm Bank's average interest rate for loans was 4.43%, while their most frequently originated rate bucket for loans was 6-7%, with 166 originations.
Loan Sizing
2020 saw State Farm Bank place emphasis on $100,000 or less loans with 332 originations, totaling $14,370,000 in origination value.
Applicant Income
State Farm Bank lent most frequently to those with incomes in the $50k-75k range, with 104 originations. The second most popular income band? $50k or less, with 98 originations.
Applicant Debt to Income Ratio
State Farm Bank lent most frequently to those with DTI ratios of 20-30%, with 99 originations. The next most common DTI ratio? 30-36%, with 76 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications65.36%
State Farm Bank has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination75.06%
State Farm Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 429 | $31,045,000 | $72,366 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 2 | $70,000 | $35,000 |
| Single Family (1-4 Units):Site-Built | 427 | $30,975,000 | $72,541 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| STATE FARM BANK, FSB | Conventional home mortgage | Closing on a mortgage | 3 | 15.8% |
| STATE FARM BANK, FSB | Conventional home mortgage | Struggling to pay mortgage | 2 | 10.5% |
| STATE FARM BANK, FSB | Conventional home mortgage | Trouble during payment process | 11 | 57.9% |
| STATE FARM BANK, FSB | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 2 | 10.5% |
| STATE FARM BANK, FSB | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 5.3% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| State Farm Bank, F.S.B. | One State Farm Plaza E-6 Bloomington, IL 61710 | Full Service B&M | $0 |
| State Farm Bank, F.S.B. | One State Farm Plaza E-6 Bloomington, IL 61710 | Full Service B&M | $11,385,982 |
For 2020, State Farm Bank had 2 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $0 |
| Net interest income | $0 |
| Total noninterest income | $0 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $0 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $0 |
| Pre-tax net operating income | $0 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $0 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $0 |
| Minority interest net income | $0 |
| Net income | $0 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $0 |
State Farm Bank's gross interest income from loans was $0.
State Farm Bank's net interest income from loans was $0.
State Farm Bank's fee based income from loans was $0.
State Farm Bank's net income from loans was $0.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $0 |
| Provision for credit losses | $0 |
| Total noninterest expense | $0 |
| Salaries and employee benefits | $0 |
| Premises and equipment expense | $0 |
| Additional noninterest expense | $0 |
| Applicable income taxes | $0 |
| Net charge-offs | $0 |
| Cash dividends | $0 |
State Farm Bank's interest expense for loans was $0.
State Farm Bank's payroll and benefits expense were $0.
State Farm Bank's property, plant and equipment expenses $0.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 2.0% |
| Real Estate loans | 1.0% |
| Construction & Land Development loans | 0.0% |
| Nonfarm, nonresidential loans | 1.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 0.0% |
| HELOC loans | 0.0% |
| All other family | 0.0% |
| Commercial & industrial loans | 3.0% |
| Personal loans | 5.0% |
| Credit card loans | 5.8% |
| 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 | $500 |
| Deposits held in domestic offices | $500 |
| Deposits by Individuals, partnerships, and corporations | $500 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $0 |
| 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 | $500 |
| Demand deposits | $500 |
| Nontransaction accounts | $0 |
| Money market deposit accounts (MMDAs) | $0 |
| Other savings deposits (excluding MMDAs) | $0 |
| Total time deposits | $0 |
| Total time and savings deposits | $0 |
| Noninterest-bearing deposits | $500 |
| Interest-bearing deposits | $0 |
| Retail deposits | $500 |
| IRAs and Keogh plan accounts | $0 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $717,331 |
| Cash & Balances due from depository institutions | $265,002 |
| Interest-bearing balances | $260 |
| Total securities | $0 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $283,827 |
| Loan and leases loss allowance | $0 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $0 |
| Other real estate owned | $331 |
| Goodwill and other intangibles | $0 |
| All other assets | $168,171 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $717,331 |
| Total Liabilities | $309,162 |
| Total deposits | $500 |
| Interest-bearing deposits | $0 |
| Deposits held in domestic offices | $500 |
| % insured (estimated) | $50 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $308,662 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $283,827 |
| Loan and leases loss allowance | $0 |
| Total loans and leases (domestic) | $283,827 |
| All real estate loans | $165,468 |
| Real estate loans in domestic offices | $165,468 |
| Construction and development loans | $0 |
| Residential 1-4 family construction | $0 |
| Other construction, all land development and other land | $0 |
| Loans secured by nonfarm nonresidential properties | $165,434 |
| Nonfarm nonresidential secured by owner-occupied properties | $162,310 |
| Commercial real estate & other non-farm, non-residential | $3,124 |
| Multifamily residential real estate | $34 |
| 1-4 family residential loans | $0 |
| Farmland loans | $0 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $42,958 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $75,401 |
| Credit card loans | $75,401 |
| Related Plans | $0 |
| Consumer Auto Loans | $0 |
| Other loans to individuals | $0 |
| All other loans & leases | $0 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $0 |
| 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 | $9,181 |
| Non 1-4 family restructured loans & leases | $9,181 |
| Total loans and leases (foreign) | $0 |
State Farm Bank had $283,827,000 of loans outstanding in 2020. $165,468,000 of loans were in real estate loans. $0 of loans were in development loans. $34,000 of loans were in multifamily mortgage loans. $0 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $75,401,000 of loans were in credit card loans. $0 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 | 781 | $153,870 | $197,017 |
| Nonfarm, nonresidential loans - <$100k | 91 | $4,403 | $48,385 |
| Nonfarm, nonresidential loans - $100-250k | 402 | $52,247 | $129,968 |
| Nonfarm, nonresidential loans - $250k-1MM | 288 | $97,220 | $337,569 |
| Commercial & Industrial, US addressed loans - <$1MM | 2,339 | $42,958 | $18,366 |
| Commercial & Industrial, US addressed loans - <$100k | 2,338 | $42,768 | $18,293 |
| Commercial & Industrial, US addressed loans - $100-250k | 1 | $190 | $190,000 |