Tempo Bank A Federal Savings Bank Mortgage Rates, Fees & Info

Trenton, IL

LEI: 875500S0BR039MXM0805

Tax ID: 37-0554470

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Mortgage Data

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

    Tempo Bank A Federal Savings Bank is a smaller bank specializing in Refi and Home Purchase loans. Tempo Bank A Federal Savings Bank has a high proportion of conventional loans. Their top (well, only) market is St. Louis.

    Tempo Bank A Federal Savings Bank has an above average approval rate when compared to the average across all lenders. They have an above 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

    60

    Origination Dollar Volume (All Markets)

    $13,300,000

    Employee count

    18

    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
    ST. LOUIS, MO-IL (FHA|USDA|VA) 60 $13,300,000 $221,667 $0 0.00%
    Tempo Bank A Federal Savings Bank's top markets include and St. Louis among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 60 $13,300,000 $221,667 $0 0.00%

    For 2020, Tempo Bank A Federal Savings Bank's most frequently originated type of loan was Conventional, with 60 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 32 $7,770,000 $242,813 $0 0.00%
    Home Purchase 16 $5,020,000 $313,750 $0 0.00%
    Home Improvement 9 $445,000 $49,444 $0 0.00%
    Other 3 $65,000 $21,667 $0 0.00%

    For 2020, Tempo Bank A Federal Savings Bank's most frequently cited loan purpose was Refi, with 32 originations. The 2nd most popular reason was Home Purchase, with 16 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 60 $13,300,000 $221,667 $0 0.00%

    For 2020, Tempo Bank A Federal Savings Bank's most frequently cited loan duration was Other, with 60 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 20 $2,780,000 $139,000 $0 0.00%
    $100,000 or less 18 $750,000 $41,667 $0 0.00%
    $200k-400k 11 $3,285,000 $298,636 $0 0.00%
    $400k-600k 8 $4,270,000 $533,750 $0 0.00%
    $600k-1MM 3 $2,215,000 $738,333 $0 0.00%

    2020 saw Tempo Bank A Federal Savings Bank place emphasis on $100k-200k loans with 20 originations, totaling $2,780,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 14 $1,280,000 $91,429 $0 0.00%
    $150k-250k 12 $3,960,000 $330,000 $0 0.00%
    $100k-150k 11 $1,755,000 $159,545 $0 0.00%
    $250k+ 9 $5,075,000 $563,889 $0 0.00%
    $75k-100k 7 $415,000 $59,286 $0 0.00%
    $50k-75k 5 $765,000 $153,000 $0 0.00%

    Tempo Bank A Federal Savings Bank lent most frequently to those with incomes in the $50k or less range, with 14 originations. The second most popular income band? $150k-250k, with 12 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 60 $13,300,000 $221,667 $0 0.00%

    Tempo Bank A Federal Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 60 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 57 $12,165,000 $213,421 $0 0.00%
    Asian 1 $715,000 $715,000 $0 0.00%
    Black 1 $395,000 $395,000 $0 0.00%
    Not applicable 1 $25,000 $25,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    100.00%

    Tempo Bank A Federal Savings Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    98.33%

    Tempo Bank A Federal Savings Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 60 $13,300,000 $221,667

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 60 $13,300,000 $221,667

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Tempo Bank, A Federal Savings Bank 28 West Broadway Street Trenton, IL 62293 Full Service B&M $56,654
    Tempo Bank, A Federal Savings Bank 301 North Fourth Street Breese, IL 62230 Full Service B&M $21,870

    For 2020, Tempo Bank A Federal Savings Bank had 2 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $3,185
    Net interest income $2,105
    Total noninterest income $133
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $44
    Trading account gains and fees $0
    Additional Noninterest Income $89
    Pre-tax net operating income $-2,365
    Securities gains (or losses, -) $0
    Income before extraordinary items $-2,219
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $-2,219
    Minority interest net income $0
    Net income $-2,219
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $-2,219

    Tempo Bank A Federal Savings Bank's gross interest income from loans was $3,185,000.
    Tempo Bank A Federal Savings Bank's net interest income from loans was $2,105,000.
    Tempo Bank A Federal Savings Bank's fee based income from loans was $44,000.
    Tempo Bank A Federal Savings Bank's net income from loans was $-2,219,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,080
    Provision for credit losses $2,028
    Total noninterest expense $2,575
    Salaries and employee benefits $1,319
    Premises and equipment expense $276
    Additional noninterest expense $980
    Applicable income taxes $-146
    Net charge-offs $11
    Cash dividends $0

    Tempo Bank A Federal Savings Bank's interest expense for loans was $1,080,000.
    Tempo Bank A Federal Savings Bank's payroll and benefits expense were $1,319,000.
    Tempo Bank A Federal Savings Bank's property, plant and equipment expenses $276,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    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 $76,304
    Deposits held in domestic offices $76,304
    Deposits by Individuals, partnerships, and corporations $76,032
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $271
    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 $15,733
    Demand deposits $6,691
    Nontransaction accounts $60,570
    Money market deposit accounts (MMDAs) $7,176
    Other savings deposits (excluding MMDAs) $17,210
    Total time deposits $36,183
    Total time and savings deposits $69,612
    Noninterest-bearing deposits $6,694
    Interest-bearing deposits $69,610
    Retail deposits $72,783
    IRAs and Keogh plan accounts $6,363
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $93,133
    Cash & Balances due from depository institutions $2,589
    Interest-bearing balances $0
    Total securities $0
    Federal funds sold & reverse repurchase $18,625
    Net loans and leases $69,691
    Loan and leases loss allowance $2,178
    Trading account assets $0
    Bank premises and fixed assets $929
    Other real estate owned $191
    Goodwill and other intangibles $0
    All other assets $1,108

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $93,133
    Total Liabilities $84,229
    Total deposits $76,304
    Interest-bearing deposits $69,610
    Deposits held in domestic offices $76,304
    % insured (estimated) $96
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $7,214
    Subordinated debt $0
    All other liabilities $711

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $69,691
    Loan and leases loss allowance $2,178
    Total loans and leases (domestic) $71,869
    All real estate loans $71,077
    Real estate loans in domestic offices $71,077
    Construction and development loans $832
    Residential 1-4 family construction $0
    Other construction, all land development and other land $832
    Loans secured by nonfarm nonresidential properties $1,446
    Nonfarm nonresidential secured by owner-occupied properties $0
    Commercial real estate & other non-farm, non-residential $1,446
    Multifamily residential real estate $1,514
    1-4 family residential loans $67,112
    Farmland loans $173
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $0
    To non-U.S. addressees $0
    Loans to individuals $847
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $847
    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 $319
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Tempo Bank A Federal Savings Bank had $69,691,000 of loans outstanding in 2020. $71,077,000 of loans were in real estate loans. $832,000 of loans were in development loans. $1,514,000 of loans were in multifamily mortgage loans. $67,112,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $847,000 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 8 $1,446 $180,750
    Nonfarm, nonresidential loans - $100-250k 3 $214 $71,333
    Nonfarm, nonresidential loans - $250k-1MM 5 $1,232 $246,400
    Farmland loans - <$1MM 2 $173 $86,500
    Farmland loans - <$100k 1 $56 $56,000
    Farmland loans - $100-250k 1 $117 $117,000