Tempo Bank A Federal Savings Bank Mortgage Rates, Fees & Info
Trenton, ILLEI: 875500S0BR039MXM0805
Tax ID: 37-0554470
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Mortgage Data
Bank Data
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 two markets are St. Louis and Mount Vernon .Tempo Bank A Federal Savings Bank has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.
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Originations
30Origination Dollar Volume (All Markets)
$6,990,000Employee count
16Top 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) | 28 | $6,220,000 | $222,143 | $0 | 0.00% |
| Mount Vernon, IL (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $215,000 | $215,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 30 | $6,990,000 | $233,000 | $0 | 0.00% |
For 2021, Tempo Bank A Federal Savings Bank's most frequently originated type of loan was Conventional, with 30 originations.
Loan Reason
For 2021, Tempo Bank A Federal Savings Bank's most frequently cited loan purpose was Refi, with 19 originations. The 2nd most popular reason was Home Purchase, with 9 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 30 | $6,990,000 | $233,000 | $0 | 0.00% |
For 2021, Tempo Bank A Federal Savings Bank's most frequently cited loan duration was Other, with 30 originations.
Loan Sizing
2021 saw Tempo Bank A Federal Savings Bank place emphasis on $200k-400k loans with 10 originations, totaling $2,480,000 in origination value.
Applicant Income
Tempo Bank A Federal Savings Bank lent most frequently to those with incomes in the $150k-250k range, with 8 originations. The second most popular income band? $75k-100k, with 5 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 30 | $6,990,000 | $233,000 | $0 | 0.00% |
Tempo Bank A Federal Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 30 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 27 | $6,275,000 | $232,407 | $0 | 0.00% |
| Not applicable | 3 | $715,000 | $238,333 | $0 | 0.00% |
Approval Rates
Total approvals of all applications86.84%
Tempo Bank A Federal Savings Bank has an average approval rate.
Pick Rate
Approvals leading to origination93.33%
Tempo Bank A Federal Savings Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 30 | $6,990,000 | $233,000 |
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 | $55,018 |
| Tempo Bank, A Federal Savings Bank | 301 North Fourth Street Breese, IL 62230 | Full Service B&M | $21,391 |
For 2021, Tempo Bank A Federal Savings Bank had 2 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $2,547 |
| Net interest income | $1,781 |
| Total noninterest income | $168 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $67 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $101 |
| Pre-tax net operating income | $669 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $746 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $746 |
| Minority interest net income | $0 |
| Net income | $746 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $746 |
Tempo Bank A Federal Savings Bank's gross interest income from loans was $2,547,000.
Tempo Bank A Federal Savings Bank's net interest income from loans was $1,781,000.
Tempo Bank A Federal Savings Bank's fee based income from loans was $67,000.
Tempo Bank A Federal Savings Bank's net income from loans was $746,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $766 |
| Provision for credit losses | $-1,769 |
| Total noninterest expense | $3,049 |
| Salaries and employee benefits | $1,447 |
| Premises and equipment expense | $313 |
| Additional noninterest expense | $1,289 |
| Applicable income taxes | $-77 |
| Net charge-offs | $165 |
| Cash dividends | $0 |
Tempo Bank A Federal Savings Bank's interest expense for loans was $766,000.
Tempo Bank A Federal Savings Bank's payroll and benefits expense were $1,447,000.
Tempo Bank A Federal Savings Bank's property, plant and equipment expenses $313,000.
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 | $75,809 |
| Deposits held in domestic offices | $75,809 |
| Deposits by Individuals, partnerships, and corporations | $75,530 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $279 |
| 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 | $17,930 |
| Demand deposits | $6,760 |
| Nontransaction accounts | $57,879 |
| Money market deposit accounts (MMDAs) | $7,935 |
| Other savings deposits (excluding MMDAs) | $21,842 |
| Total time deposits | $28,102 |
| Total time and savings deposits | $69,049 |
| Noninterest-bearing deposits | $6,760 |
| Interest-bearing deposits | $69,049 |
| Retail deposits | $72,853 |
| IRAs and Keogh plan accounts | $5,664 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $91,383 |
| Cash & Balances due from depository institutions | $2,985 |
| Interest-bearing balances | $0 |
| Total securities | $5,928 |
| Federal funds sold & reverse repurchase | $25,660 |
| Net loans and leases | $54,317 |
| Loan and leases loss allowance | $244 |
| Trading account assets | $2 |
| Bank premises and fixed assets | $771 |
| Other real estate owned | $711 |
| Goodwill and other intangibles | $0 |
| All other assets | $1,009 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $91,383 |
| Total Liabilities | $81,630 |
| Total deposits | $75,809 |
| Interest-bearing deposits | $69,049 |
| Deposits held in domestic offices | $75,809 |
| % insured (estimated) | $94 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $5,156 |
| Subordinated debt | $0 |
| All other liabilities | $665 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $54,317 |
| Loan and leases loss allowance | $244 |
| Total loans and leases (domestic) | $54,561 |
| All real estate loans | $54,168 |
| Real estate loans in domestic offices | $54,168 |
| Construction and development loans | $430 |
| Residential 1-4 family construction | $0 |
| Other construction, all land development and other land | $430 |
| Loans secured by nonfarm nonresidential properties | $965 |
| Nonfarm nonresidential secured by owner-occupied properties | $0 |
| Commercial real estate & other non-farm, non-residential | $965 |
| Multifamily residential real estate | $1,255 |
| 1-4 family residential loans | $51,356 |
| Farmland loans | $162 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $0 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $440 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $440 |
| 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 | $137 |
| Non 1-4 family restructured loans & leases | $0 |
| Total loans and leases (foreign) | $0 |
Tempo Bank A Federal Savings Bank had $54,317,000 of loans outstanding in 2021. $54,168,000 of loans were in real estate loans. $430,000 of loans were in development loans. $1,255,000 of loans were in multifamily mortgage loans. $51,356,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $440,000 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 | 5 | $964 | $192,800 |
| Nonfarm, nonresidential loans - $100-250k | 1 | $93 | $93,000 |
| Nonfarm, nonresidential loans - $250k-1MM | 4 | $871 | $217,750 |
| Farmland loans - <$1MM | 2 | $162 | $81,000 |
| Farmland loans - <$100k | 1 | $53 | $53,000 |
| Farmland loans - $100-250k | 1 | $109 | $109,000 |