Lnb Community Bank Mortgage Rates, Fees & Info

LYNNVILLE, IN

LEI: 213800XA5M2HOWATHG59

Tax ID: 35-0482724

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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

    Lnb Community Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Lnb Community Bank has a high proportion of conventional loans. Their top (well, only) market is Evansville.

    Lnb Community Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

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    Originations

    109

    Origination Dollar Volume (All Markets)

    $14,465,000

    Employee count

    34

    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
    EVANSVILLE, IN-KY (FHA|USDA|VA) 99 $13,435,000 $135,707 $0 0.00%
    Outside of Metro Areas 10 $1,030,000 $103,000 $0 0.00%
    Lnb Community Bank's top markets include and Evansville among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 109 $14,465,000 $132,706 $0 0.00%

    For 2018, Lnb Community Bank's most frequently originated type of loan was Conventional, with 109 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 49 $7,455,000 $152,143 $0 0.00%
    Cash Out Refi 31 $3,895,000 $125,645 $0 0.00%
    Refi 14 $2,420,000 $172,857 $0 0.00%
    Other 10 $610,000 $61,000 $0 0.00%
    Home Improvement 5 $85,000 $17,000 $0 0.00%

    For 2018, Lnb Community Bank's most frequently cited loan purpose was Home Purchase, with 49 originations. The 2nd most popular reason was Cash Out Refi, with 31 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 109 $14,465,000 $132,706 $0 0.00%

    For 2018, Lnb Community Bank's most frequently cited loan duration was Other, with 109 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 52 $2,770,000 $53,269 $0 0.00%
    $100k-200k 31 $4,425,000 $142,742 $0 0.00%
    $200k-400k 23 $5,735,000 $249,348 $0 0.00%
    $400k-600k 3 $1,535,000 $511,667 $0 0.00%

    2018 saw Lnb Community Bank place emphasis on $100,000 or less loans with 52 originations, totaling $2,770,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 32 $3,000,000 $93,750 $0 0.00%
    $100k-150k 24 $4,630,000 $192,917 $0 0.00%
    $75k-100k 21 $2,915,000 $138,810 $0 0.00%
    $50k or less 20 $1,600,000 $80,000 $0 0.00%
    $150k-250k 5 $1,135,000 $227,000 $0 0.00%
    $250k+ 2 $240,000 $120,000 $0 0.00%

    Lnb Community Bank lent most frequently to those with incomes in the $50k-75k range, with 32 originations. The second most popular income band? $100k-150k, with 24 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 109 $14,465,000 $132,706 $0 0.00%

    Lnb Community Bank lent most frequently to those with DTI ratios of Exempt%, with 109 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 104 $13,630,000 $131,058 $0 0.00%
    Not applicable 3 $765,000 $255,000 $0 0.00%
    American Indian 1 $55,000 $55,000 $0 0.00%
    Black 1 $15,000 $15,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    87.42%

    Lnb Community Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    73.39%

    Lnb Community Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 109 $14,465,000 $132,706

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 12 $840,000 $70,000
    Single Family (1-4 Units):Site-Built 97 $13,625,000 $140,464

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    LNB Community Bank 215 North Main Street Lynnville, IN 47619 Full Service B&M $56,102
    LNB Community Bank 910 West Main Street Boonville, IN 47601 Full Service B&M $7,886
    LNB Community Bank 114 West Lincoln Avenue Chandler, IN 47610 Full Service B&M $23,173
    LNB Community Bank 1204 State Road662 West Newburgh, IN 47630 Full Service B&M $15,130

    For 2018, Lnb Community Bank had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $4,476
    Net interest income $3,923
    Total noninterest income $1,033
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $161
    Trading account gains and fees $0
    Additional Noninterest Income $872
    Pre-tax net operating income $881
    Securities gains (or losses, -) $0
    Income before extraordinary items $881
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $881
    Minority interest net income $0
    Net income $881
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $881

    Lnb Community Bank's gross interest income from loans was $4,476,000.
    Lnb Community Bank's net interest income from loans was $3,923,000.
    Lnb Community Bank's fee based income from loans was $161,000.
    Lnb Community Bank's net income from loans was $881,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $553
    Provision for credit losses $0
    Total noninterest expense $4,075
    Salaries and employee benefits $2,246
    Premises and equipment expense $550
    Additional noninterest expense $1,279
    Applicable income taxes $0
    Net charge-offs $-3
    Cash dividends $675

    Lnb Community Bank's interest expense for loans was $553,000.
    Lnb Community Bank's payroll and benefits expense were $2,246,000.
    Lnb Community Bank's property, plant and equipment expenses $550,000.

    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 $99,559
    Deposits held in domestic offices $99,559
    Deposits by Individuals, partnerships, and corporations $62,143
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $37,416
    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 $62,062
    Demand deposits $14,667
    Nontransaction accounts $37,497
    Money market deposit accounts (MMDAs) $7,114
    Other savings deposits (excluding MMDAs) $15,654
    Total time deposits $14,729
    Total time and savings deposits $84,892
    Noninterest-bearing deposits $14,667
    Interest-bearing deposits $84,892
    Retail deposits $99,295
    IRAs and Keogh plan accounts $3,233
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $115,786
    Cash & Balances due from depository institutions $14,157
    Interest-bearing balances $12,522
    Total securities $12,376
    Federal funds sold & reverse repurchase $0
    Net loans and leases $82,925
    Loan and leases loss allowance $1,172
    Trading account assets $0
    Bank premises and fixed assets $3,391
    Other real estate owned $428
    Goodwill and other intangibles $496
    All other assets $2,013

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $115,786
    Total Liabilities $103,632
    Total deposits $99,559
    Interest-bearing deposits $84,892
    Deposits held in domestic offices $99,559
    % insured (estimated) $64
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $3,900
    Subordinated debt $0
    All other liabilities $173

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $82,925
    Loan and leases loss allowance $1,172
    Total loans and leases (domestic) $84,097
    All real estate loans $71,024
    Real estate loans in domestic offices $71,024
    Construction and development loans $4,366
    Residential 1-4 family construction $2,196
    Other construction, all land development and other land $2,170
    Loans secured by nonfarm nonresidential properties $8,174
    Nonfarm nonresidential secured by owner-occupied properties $3,441
    Commercial real estate & other non-farm, non-residential $4,733
    Multifamily residential real estate $159
    1-4 family residential loans $55,604
    Farmland loans $2,721
    Loans held in foreign offices $0
    Farm loans $1,886
    Commercial and industrial loans $7,001
    To non-U.S. addressees $0
    Loans to individuals $4,168
    Credit card loans $0
    Related Plans $46
    Consumer Auto Loans $2,687
    Other loans to individuals $1,435
    All other loans & leases $18
    Loans to foreign governments and official institutions $0
    Other loans $12
    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 $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    LNB COMMUNITY BANK had $82,925,000 of loans outstanding in 2018. $71,024,000 of loans were in real estate loans. $4,366,000 of loans were in development loans. $159,000 of loans were in multifamily mortgage loans. $55,604,000 of loans were in 1-4 family mortgage loans. $1,886,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,687,000 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 40 $4,656 $116,400
    Nonfarm, nonresidential loans - <$100k 15 $604 $40,267
    Nonfarm, nonresidential loans - $100-250k 13 $900 $69,231
    Nonfarm, nonresidential loans - $250k-1MM 12 $3,152 $262,667
    Commercial & Industrial, US addressed loans - <$1MM 53 $4,538 $85,623
    Commercial & Industrial, US addressed loans - <$100k 35 $994 $28,400
    Commercial & Industrial, US addressed loans - $100-250k 11 $1,390 $126,364
    Commercial & Industrial, US addressed loans - $250k-1MM 7 $2,154 $307,714
    Farmland loans - <$1MM 11 $797 $72,455
    Farmland loans - <$100k 7 $173 $24,714
    Farmland loans - $100-250k 4 $624 $156,000
    Agriculture operations loans - <$1MM 3 $560 $186,667
    Agriculture operations loans - $100-250k 2 $351 $175,500
    Agriculture operations loans - $250k-1MM 1 $209 $209,000