Lnb Community Bank Mortgage Rates, Fees & Info

LYNNVILLE, IN

LEI: 213800XA5M2HOWATHG59

Tax ID: 35-0482724

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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 Cash Out Refi, Home Purchase, and 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.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    307

    Origination Dollar Volume (All Markets)

    $50,565,000

    Employee count

    35

    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) 262 $41,750,000 $159,351 $0 0.00%
    Outside of Metro Areas 45 $8,815,000 $195,889 $0 0.00%
    Lnb Community Bank's top markets include and Evansville among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 307 $50,565,000 $164,707 $0 0.00%

    For 2021, Lnb Community Bank's most frequently originated type of loan was Conventional, with 307 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 106 $17,410,000 $164,245 $0 0.00%
    Home Purchase 92 $17,090,000 $185,761 $0 0.00%
    Refi 76 $13,350,000 $175,658 $0 0.00%
    Other 23 $2,005,000 $87,174 $0 0.00%
    Home Improvement 10 $710,000 $71,000 $0 0.00%

    For 2021, Lnb Community Bank's most frequently cited loan purpose was Cash Out Refi, with 106 originations. The 2nd most popular reason was Home Purchase, with 92 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 307 $50,565,000 $164,707 $0 0.00%

    For 2021, Lnb Community Bank's most frequently cited loan duration was Other, with 307 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 114 $16,330,000 $143,246 $0 0.00%
    $100,000 or less 97 $5,945,000 $61,289 $0 0.00%
    $200k-400k 84 $22,330,000 $265,833 $0 0.00%
    $400k-600k 11 $5,205,000 $473,182 $0 0.00%
    $600k-1MM 1 $755,000 $755,000 $0 0.00%

    2021 saw Lnb Community Bank place emphasis on $100k-200k loans with 114 originations, totaling $16,330,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 87 $12,075,000 $138,793 $0 0.00%
    $100k-150k 54 $10,960,000 $202,963 $0 0.00%
    $50k or less 53 $5,145,000 $97,075 $0 0.00%
    $75k-100k 52 $7,890,000 $151,731 $0 0.00%
    $150k-250k 34 $8,620,000 $253,529 $0 0.00%
    $250k+ 7 $1,855,000 $265,000 $0 0.00%

    Lnb Community Bank lent most frequently to those with incomes in the $50k-75k range, with 87 originations. The second most popular income band? $100k-150k, with 54 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 307 $50,565,000 $164,707 $0 0.00%

    Lnb Community Bank lent most frequently to those with DTI ratios of Exempt%, with 307 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 279 $45,315,000 $162,419 $0 0.00%
    Not applicable 15 $3,215,000 $214,333 $0 0.00%
    Not provided 9 $1,445,000 $160,556 $0 0.00%
    Native Hawaiian or Islander 1 $215,000 $215,000 $0 0.00%
    Black 2 $190,000 $95,000 $0 0.00%
    American Indian 1 $185,000 $185,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.95%

    Lnb Community Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.93%

    Lnb Community Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 307 $50,565,000 $164,707

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    307 $50,565,000 $164,707

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Lnb Community Bank 114 West Lincoln Avenue Chandler, IN 47610 Full Service B&M $29,090
    Lnb Community Bank 1204 State Road662 West Newburgh, IN 47630 Full Service B&M $20,002
    Lnb Community Bank 215 North Main Street Lynnville, IN 47619 Full Service B&M $74,770
    Lnb Community Bank 910 West Main Street Boonville, IN 47601 Full Service B&M $13,013

    For 2021, Lnb Community Bank had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $4,158
    Net interest income $3,872
    Total noninterest income $2,166
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $155
    Trading account gains and fees $0
    Additional Noninterest Income $2,011
    Pre-tax net operating income $1,442
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,442
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,442
    Minority interest net income $0
    Net income $1,442
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,442

    Lnb Community Bank's gross interest income from loans was $4,158,000.
    Lnb Community Bank's net interest income from loans was $3,872,000.
    Lnb Community Bank's fee based income from loans was $155,000.
    Lnb Community Bank's net income from loans was $1,442,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $286
    Provision for credit losses $0
    Total noninterest expense $4,596
    Salaries and employee benefits $2,716
    Premises and equipment expense $459
    Additional noninterest expense $1,421
    Applicable income taxes $0
    Net charge-offs $2
    Cash dividends $735

    Lnb Community Bank's interest expense for loans was $286,000.
    Lnb Community Bank's payroll and benefits expense were $2,716,000.
    Lnb Community Bank's property, plant and equipment expenses $459,000.

    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 $142,397
    Deposits held in domestic offices $142,397
    Deposits by Individuals, partnerships, and corporations $79,116
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $63,281
    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 $99,714
    Demand deposits $20,876
    Nontransaction accounts $42,683
    Money market deposit accounts (MMDAs) $7,942
    Other savings deposits (excluding MMDAs) $22,662
    Total time deposits $12,079
    Total time and savings deposits $121,521
    Noninterest-bearing deposits $20,876
    Interest-bearing deposits $121,521
    Retail deposits $142,065
    IRAs and Keogh plan accounts $2,594
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $156,368
    Cash & Balances due from depository institutions $44,594
    Interest-bearing balances $42,858
    Total securities $21,012
    Federal funds sold & reverse repurchase $0
    Net loans and leases $83,651
    Loan and leases loss allowance $1,372
    Trading account assets $0
    Bank premises and fixed assets $3,094
    Other real estate owned $119
    Goodwill and other intangibles $637
    All other assets $3,261

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $156,368
    Total Liabilities $142,576
    Total deposits $142,397
    Interest-bearing deposits $121,521
    Deposits held in domestic offices $142,397
    % insured (estimated) $55
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $179

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $83,651
    Loan and leases loss allowance $1,372
    Total loans and leases (domestic) $85,023
    All real estate loans $73,690
    Real estate loans in domestic offices $73,690
    Construction and development loans $6,117
    Residential 1-4 family construction $3,494
    Other construction, all land development and other land $2,623
    Loans secured by nonfarm nonresidential properties $9,060
    Nonfarm nonresidential secured by owner-occupied properties $5,570
    Commercial real estate & other non-farm, non-residential $3,490
    Multifamily residential real estate $1,493
    1-4 family residential loans $54,326
    Farmland loans $2,694
    Loans held in foreign offices $0
    Farm loans $1,432
    Commercial and industrial loans $5,100
    To non-U.S. addressees $0
    Loans to individuals $4,784
    Credit card loans $0
    Related Plans $16
    Consumer Auto Loans $3,790
    Other loans to individuals $978
    All other loans & leases $17
    Loans to foreign governments and official institutions $0
    Other loans $17
    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 $83,651,000 of loans outstanding in 2021. $73,690,000 of loans were in real estate loans. $6,117,000 of loans were in development loans. $1,493,000 of loans were in multifamily mortgage loans. $54,326,000 of loans were in 1-4 family mortgage loans. $1,432,000 of loans were in farm loans. $0 of loans were in credit card loans. $3,790,000 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 35 $4,479 $127,971
    Nonfarm, nonresidential loans - <$100k 16 $569 $35,563
    Nonfarm, nonresidential loans - $100-250k 7 $668 $95,429
    Nonfarm, nonresidential loans - $250k-1MM 12 $3,242 $270,167
    Commercial & Industrial, US addressed loans - <$1MM 46 $3,973 $86,370
    Commercial & Industrial, US addressed loans - <$100k 32 $1,029 $32,156
    Commercial & Industrial, US addressed loans - $100-250k 7 $885 $126,429
    Commercial & Industrial, US addressed loans - $250k-1MM 7 $2,059 $294,143
    Farmland loans - <$1MM 7 $944 $134,857
    Farmland loans - <$100k 2 $50 $25,000
    Farmland loans - $100-250k 4 $584 $146,000
    Farmland loans - $250k-1MM 1 $310 $310,000
    Agriculture operations loans - <$1MM 4 $414 $103,500
    Agriculture operations loans - <$100k 1 $55 $55,000
    Agriculture operations loans - $100-250k 2 $200 $100,000
    Agriculture operations loans - $250k-1MM 1 $159 $159,000