# Prairie State Bank and Trust

> **Canonical URL:** https://saferate.com/lenders/prairie-state-bank-and-trust


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


Prairie State Bank and Trust is a bank, headquartered in Springfield, IL, serving borrowers across 3 states, with 152 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 10% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 46% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 2549001E11O22GGBEL86
- **Headquarters:** Springfield, IL
- **Geographic Reach:** Regional
- **States Served:** 3
- **State List:** IL, IN, MN
- **Markets (MSAs):** 5
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Exceptional 🤩
- Score: 90/100
- Rating: ●●●●● (5/5)

### Pull Through: Sound ☺️
- Score: 54/100
- Rating: ●●●○○ (3/5)

### Pricing Details
- **Average Rate Spread:** +0.010%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $524
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 152
- **Dollar Volume:** $29 million
- **Applications Received:** 173
- **Market Share:** 0.00%

## Typical Borrower Profile

- **Average Loan Amount:** $189,474
- **Average Borrower Income:** $137,763
- **Average Property Value:** $256,645

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (71%)
- ⭐ **Purchase Gold Superstar** (71%)
- ⭐ **Refinance Gold Superstar** (65%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 57/100 | 152 | +0.010% | $524 | Sound ☺️ |

### Product Performance by Purpose

**Conventional:**
- Purchase: 113 loans, Score: 53/100 (Sound)
- Refinance: 39 loans, Score: 42/100 (Sound)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 50/100 | 113 | $22M | +0.006% | Sound ☺️ |
| Refinance | 39/100 | 39 | $7M | +0.025% | Acceptable 🙂 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| IL | 150 | 0.12% | 73/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Non |  | 57 | 51/100 |
| Springfield, IL | IL | 37 | 65/100 |
| Decatur, IL | IL | 25 | 72/100 |
| Champaign | IL | 14 | 52/100 |
| Bloomington, IL | IL | 11 | 47/100 |

## Where This Lender Ranks

Prairie State Bank and Trust appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥈 **#2** in Decatur, IL Banks
  - [View Full Rankings](https://saferate.com/decatur-il/best-mortgage-lenders/banks)
- 🥉 **#3** in Decatur, IL for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/decatur-il/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#4** in Decatur, IL
  - [View Full Rankings](https://saferate.com/decatur-il/best-mortgage-lenders)
- 🏆 **#6** in Springfield, IL Banks
  - [View Full Rankings](https://saferate.com/springfield-il/best-mortgage-lenders/banks)
- 🏆 **#6** in Decatur, IL for Conventional Loans
  - [View Full Rankings](https://saferate.com/decatur-il/best-mortgage-lenders/conventional-loans)
- 🏆 **#7** in Springfield, IL for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/springfield-il/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#7** in Champaign for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/champaign/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#9** in Springfield, IL
  - [View Full Rankings](https://saferate.com/springfield-il/best-mortgage-lenders)
- 🏆 **#9** in Bloomington, IL for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/bloomington-il/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#10** in Springfield, IL for Conventional Loans
  - [View Full Rankings](https://saferate.com/springfield-il/best-mortgage-lenders/conventional-loans)
- 🏆 **#14** in Champaign for Conventional Loans
  - [View Full Rankings](https://saferate.com/champaign/best-mortgage-lenders/conventional-loans)
- 🏆 **#19** in Bloomington, IL for Conventional Loans
  - [View Full Rankings](https://saferate.com/bloomington-il/best-mortgage-lenders/conventional-loans)

## Frequently Asked Questions

### What loan types does Prairie State Bank and Trust offer?

Prairie State Bank and Trust offers the following mortgage loan types: Conventional. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does Prairie State Bank and Trust offer mortgages?

Prairie State Bank and Trust offers mortgages in 3 states: IL, IN, MN.

### How competitive are Prairie State Bank and Trust's mortgage rates?

Prairie State Bank and Trust has a pricing score of 90/100 (Exceptional), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.010% above market average.

### What type of lender is Prairie State Bank and Trust?

Prairie State Bank and Trust is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Springfield, IL.

### What is Prairie State Bank and Trust's loan approval success rate?

Prairie State Bank and Trust has a pull-through score of 54/100 (Sound). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/prairie-state-bank-and-trust

### How to Cite

> "Prairie State Bank and Trust Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/prairie-state-bank-and-trust

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