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 above 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

    142

    Origination Dollar Volume (All Markets)

    $19,920,000

    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) 126 $17,940,000 $142,381 $0 0.00%
    Outside of Metro Areas 16 $1,980,000 $123,750 $0 0.00%
    Lnb Community Bank's top markets include and Evansville among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 142 $19,920,000 $140,282 $0 0.00%

    For 2019, Lnb Community Bank's most frequently originated type of loan was Conventional, with 142 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 60 $9,060,000 $151,000 $0 0.00%
    Cash Out Refi 48 $7,400,000 $154,167 $0 0.00%
    Refi 14 $2,260,000 $161,429 $0 0.00%
    Other 13 $905,000 $69,615 $0 0.00%
    Home Improvement 7 $295,000 $42,143 $0 0.00%

    For 2019, Lnb Community Bank's most frequently cited loan purpose was Home Purchase, with 60 originations. The 2nd most popular reason was Cash Out Refi, with 48 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 142 $19,920,000 $140,282 $0 0.00%

    For 2019, Lnb Community Bank's most frequently cited loan duration was Other, with 142 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 58 $3,010,000 $51,897 $0 0.00%
    $100k-200k 46 $6,270,000 $136,304 $0 0.00%
    $200k-400k 35 $9,095,000 $259,857 $0 0.00%
    $400k-600k 3 $1,545,000 $515,000 $0 0.00%

    2019 saw Lnb Community Bank place emphasis on $100,000 or less loans with 58 originations, totaling $3,010,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 33 $4,685,000 $141,970 $0 0.00%
    $50k-75k 25 $2,755,000 $110,200 $0 0.00%
    $100k-150k 24 $3,910,000 $162,917 $0 0.00%
    $50k or less 24 $1,850,000 $77,083 $0 0.00%
    $150k-250k 13 $3,035,000 $233,462 $0 0.00%
    $250k+ 5 $1,575,000 $315,000 $0 0.00%

    Lnb Community Bank lent most frequently to those with incomes in the $75k-100k range, with 33 originations. The second most popular income band? $50k-75k, with 25 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 142 $19,920,000 $140,282 $0 0.00%

    Lnb Community Bank lent most frequently to those with DTI ratios of Exempt%, with 142 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 129 $18,205,000 $141,124 $0 0.00%
    Not applicable 9 $1,065,000 $118,333 $0 0.00%
    Not provided 3 $625,000 $208,333 $0 0.00%
    Black 1 $25,000 $25,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.91%

    Lnb Community Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.03%

    Lnb Community Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 142 $19,920,000 $140,282

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 6 $460,000 $76,667
    Single Family (1-4 Units):Site-Built 136 $19,460,000 $143,088

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    LNB Community Bank 910 West Main Street Boonville, IN 47601 Full Service B&M $8,258
    LNB Community Bank 114 West Lincoln Avenue Chandler, IN 47610 Full Service B&M $22,502
    LNB Community Bank 1204 State Road662 West Newburgh, IN 47630 Full Service B&M $19,074
    LNB Community Bank 215 North Main Street Lynnville, IN 47619 Full Service B&M $60,123

    For 2019, Lnb Community Bank had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $4,918
    Net interest income $4,118
    Total noninterest income $1,096
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $218
    Trading account gains and fees $0
    Additional Noninterest Income $878
    Pre-tax net operating income $998
    Securities gains (or losses, -) $0
    Income before extraordinary items $998
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $998
    Minority interest net income $0
    Net income $998
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $998

    Lnb Community Bank's gross interest income from loans was $4,918,000.
    Lnb Community Bank's net interest income from loans was $4,118,000.
    Lnb Community Bank's fee based income from loans was $218,000.
    Lnb Community Bank's net income from loans was $998,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $800
    Provision for credit losses $0
    Total noninterest expense $4,216
    Salaries and employee benefits $2,333
    Premises and equipment expense $522
    Additional noninterest expense $1,361
    Applicable income taxes $0
    Net charge-offs $2
    Cash dividends $691

    Lnb Community Bank's interest expense for loans was $800,000.
    Lnb Community Bank's payroll and benefits expense were $2,333,000.
    Lnb Community Bank's property, plant and equipment expenses $522,000.

    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 $106,669
    Deposits held in domestic offices $106,669
    Deposits by Individuals, partnerships, and corporations $65,439
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $41,230
    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 $71,569
    Demand deposits $15,177
    Nontransaction accounts $35,100
    Money market deposit accounts (MMDAs) $5,650
    Other savings deposits (excluding MMDAs) $15,561
    Total time deposits $13,889
    Total time and savings deposits $91,492
    Noninterest-bearing deposits $15,155
    Interest-bearing deposits $91,514
    Retail deposits $106,355
    IRAs and Keogh plan accounts $3,023
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $124,396
    Cash & Balances due from depository institutions $19,958
    Interest-bearing balances $18,061
    Total securities $10,110
    Federal funds sold & reverse repurchase $0
    Net loans and leases $88,204
    Loan and leases loss allowance $1,170
    Trading account assets $0
    Bank premises and fixed assets $3,284
    Other real estate owned $315
    Goodwill and other intangibles $441
    All other assets $2,084

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $124,396
    Total Liabilities $111,758
    Total deposits $106,669
    Interest-bearing deposits $91,514
    Deposits held in domestic offices $106,669
    % insured (estimated) $60
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $4,900
    Subordinated debt $0
    All other liabilities $189

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $88,204
    Loan and leases loss allowance $1,170
    Total loans and leases (domestic) $89,374
    All real estate loans $75,957
    Real estate loans in domestic offices $75,957
    Construction and development loans $3,438
    Residential 1-4 family construction $2,741
    Other construction, all land development and other land $697
    Loans secured by nonfarm nonresidential properties $9,264
    Nonfarm nonresidential secured by owner-occupied properties $5,605
    Commercial real estate & other non-farm, non-residential $3,659
    Multifamily residential real estate $1,628
    1-4 family residential loans $58,474
    Farmland loans $3,153
    Loans held in foreign offices $0
    Farm loans $1,892
    Commercial and industrial loans $7,370
    To non-U.S. addressees $0
    Loans to individuals $4,141
    Credit card loans $0
    Related Plans $41
    Consumer Auto Loans $2,939
    Other loans to individuals $1,161
    All other loans & leases $14
    Loans to foreign governments and official institutions $0
    Other loans $11
    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 $88,204,000 of loans outstanding in 2019. $75,957,000 of loans were in real estate loans. $3,438,000 of loans were in development loans. $1,628,000 of loans were in multifamily mortgage loans. $58,474,000 of loans were in 1-4 family mortgage loans. $1,892,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,939,000 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 31 $4,369 $140,935
    Nonfarm, nonresidential loans - <$100k 11 $387 $35,182
    Nonfarm, nonresidential loans - $100-250k 9 $618 $68,667
    Nonfarm, nonresidential loans - $250k-1MM 11 $3,364 $305,818
    Commercial & Industrial, US addressed loans - <$1MM 53 $5,841 $110,208
    Commercial & Industrial, US addressed loans - <$100k 35 $1,050 $30,000
    Commercial & Industrial, US addressed loans - $100-250k 10 $1,297 $129,700
    Commercial & Industrial, US addressed loans - $250k-1MM 8 $3,494 $436,750
    Farmland loans - <$1MM 8 $701 $87,625
    Farmland loans - <$100k 4 $110 $27,500
    Farmland loans - $100-250k 4 $591 $147,750
    Agriculture operations loans - <$1MM 6 $704 $117,333
    Agriculture operations loans - <$100k 2 $60 $30,000
    Agriculture operations loans - $100-250k 3 $437 $145,667
    Agriculture operations loans - $250k-1MM 1 $207 $207,000