Question 1

What is Collinsville Building and Loan?

Accepted Answer

Collinsville Building and Loan is a mutual federal savings association specializing in mortgage lending and traditional thrift banking services. Operating as a community bank with approximately $118.8 million in total assets, the institution serves Madison County and St. Clair County in the St. Louis Metro East area of Illinois.

As a mortgage lending specialist, the bank focuses on originating and servicing home mortgage loans while offering a full range of deposit products to local customers. The institution operates one full-service branch location and employs approximately 15 staff members.

Question 2

When was Collinsville Building and Loan founded?

Accepted Answer

Collinsville Building and Loan Association was organized in 1885, making it Collinsville's oldest financial institution. The institution has been in continuous operation for nearly 140 years, maintaining its commitment to community banking values since inception.

The bank received FDIC insurance on August 9, 1989, providing federal deposit insurance protection to its customers. Throughout its history, the institution has remained focused on helping local residents achieve affordable homeownership while serving as a traditional thrift institution.

Question 3

Where is Collinsville Building and Loan headquartered?

Accepted Answer

Collinsville Building and Loan is headquartered at 701 Belt Line Road in Collinsville, Illinois. Collinsville is located in Madison County within the St. Louis, MO-IL metropolitan statistical area.

The institution previously operated a branch in Troy, Illinois, which closed in April 2023, consolidating operations to the single Collinsville location.

Question 4

Where does Collinsville Building and Loan operate?

Accepted Answer

The bank operates from its single full-service branch in Collinsville, Illinois, serving customers primarily in Madison County and St. Clair County. The institution's assessment area covers portions of the St. Louis Metro East region in southwestern Illinois.

According to OCC Community Reinvestment Act evaluations, approximately 83 percent of the bank's home mortgage originations occur within its designated assessment area. The bank maintains business hours Monday through Friday from 8:30 AM to 5:00 PM and Saturday from 8:30 AM to 12:00 PM.

Question 5

What services does Collinsville Building and Loan offer?

Accepted Answer

Collinsville Building and Loan offers a comprehensive range of banking products and services including:

Deposit Products: Checking accounts, statement savings accounts, certificates of deposit (CDs), and Individual Retirement Accounts (IRAs).

Mortgage Lending: Home purchase loans, construction loans, and refinancing options. The institution specializes in mortgage lending with a focus on maintaining mortgage loans in its own portfolio rather than selling them to the secondary market.

Digital Banking: Online banking services accessible through the bank's website at www.collinsvillebuildingandloan.com, providing customers with convenient access to their accounts.

The bank emphasizes personalized customer service through its front-line staff who work directly with customers to provide tailored banking solutions.

Question 6

What makes Collinsville Building and Loan unique?

Accepted Answer

Collinsville Building and Loan distinguishes itself as one of the only lenders in the St. Louis Metro East area that portfolios and services all mortgage loans in-house. Unlike most financial institutions, the bank does not sell its mortgage loans to the secondary market, ensuring customers work directly with the institution's loan team throughout the life of their mortgage.

The bank maintains an exceptional loan-to-deposit ratio of 99.1 percent, ranking first among seven comparable institutions in its market area over a 20-quarter period. This demonstrates the institution's strong commitment to lending in its community.

As a mutual savings association, the bank operates without stockholders, allowing it to focus entirely on serving depositors and borrowers. The institution received an "Outstanding" CRA rating from the Office of the Comptroller of the Currency in its September 2024 performance evaluation, recognizing excellent geographic distribution of loans and community service.

Question 7

What type of financial institution is Collinsville Building and Loan?

Accepted Answer

Collinsville Building and Loan is a federal savings association (also known as a federal savings bank or thrift institution). The bank operates under a federal charter regulated by the Office of the Comptroller of the Currency (OCC) and is supervised by the FDIC.

As a traditional thrift institution, the bank's primary business model centers on accepting deposits from the local community and originating home mortgage loans. The institution maintains a mortgage lending specialization designation, with home mortgage loans representing 99 percent of its loan portfolio and a net loan to total assets ratio of 72.9 percent.

The bank operates as a mutual institution, meaning it is owned by its depositors rather than shareholders, aligning its interests directly with the community it serves.

Collinsville Building and Loan

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About Collinsville Building and Loan in the United States

Collin­sville Building and Loan