The Fidelity Bank Mortgage Rates, Fees & Info
Fuquay-Varina, NCLEI: 25490012KFFZI81TDT02
Tax ID: 56-0132040
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Overview
The Fidelity Bank is a smaller bank specializing in Home Purchase and Refi loans. The Fidelity Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets include Raleigh, Durham, Greensboro, Winston, and Charlotte among others. The Fidelity Bank has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. The Fidelity Bank is typically an average fee lendor.Originations
1,863Origination Dollar Volume (All Markets)
$402,605,000Employee count
497Awards
The Fidelity Bank - 2021
The Fidelity Bank is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
The Fidelity Bank's average 30 year fixed rate mortgage of loans were
3.16%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of 0.01%.
Relative Fees
The Fidelity Bank's average total fees for a 30 year fixed rate
mortgage are $3,800.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| RALEIGH-CARY, NC (FHA|USDA|VA) | 410 | $95,800,000 | $233,659 | $3,354 | 3.25% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 205 | $54,385,000 | $265,293 | $3,850 | 3.30% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 246 | $41,230,000 | $167,602 | $3,557 | 3.25% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 188 | $36,530,000 | $194,309 | $3,112 | 3.36% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 135 | $31,475,000 | $233,148 | $3,584 | 3.40% |
| BURLINGTON, NC (FHA|USDA|VA) | 105 | $20,945,000 | $199,476 | $4,123 | 3.17% |
| Shelby, NC (FHA|USDA|VA) | 89 | $18,525,000 | $208,146 | $3,428 | 3.36% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 87 | $17,645,000 | $202,816 | $3,860 | 3.33% |
| Outside of Metro Areas | 74 | $15,040,000 | $203,243 | $4,063 | 3.47% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 76 | $14,400,000 | $189,474 | $3,649 | 3.39% |
| Martinsville, VA (FHA|USDA|VA) | 73 | $9,465,000 | $129,658 | $4,096 | 3.34% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 26 | $9,220,000 | $354,615 | $3,978 | 3.23% |
| Morehead City, NC (FHA|USDA|VA) | 11 | $5,745,000 | $522,273 | $5,434 | 3.21% |
| Rockingham, NC (FHA|USDA|VA) | 25 | $3,625,000 | $145,000 | $3,804 | 3.43% |
| ROANOKE, VA (FHA|USDA|VA) | 17 | $3,355,000 | $197,353 | $3,214 | 3.03% |
| Sanford, NC (FHA|USDA|VA) | 15 | $2,805,000 | $187,000 | $3,372 | 3.34% |
| WILMINGTON, NC (FHA|USDA|VA) | 7 | $2,405,000 | $343,571 | $3,426 | 3.00% |
| Forest City, NC (FHA|USDA|VA) | 7 | $2,265,000 | $323,571 | $3,039 | 3.60% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 5 | $2,095,000 | $419,000 | $3,635 | 3.03% |
| Boone, NC (FHA|USDA|VA) | 6 | $1,920,000 | $320,000 | $5,107 | 3.04% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 5 | $1,655,000 | $331,000 | $6,177 | 3.49% |
| Henderson, NC (FHA|USDA|VA) | 8 | $1,500,000 | $187,500 | $3,310 | 2.94% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 3 | $1,145,000 | $381,667 | $4,103 | 3.99% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 2 | $880,000 | $440,000 | $2,822 | 2.63% |
| ASHEVILLE, NC (FHA|USDA|VA) | 5 | $845,000 | $169,000 | $3,274 | 3.48% |
| Albemarle, NC (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $3,084 | 3.58% |
| NEW BERN, NC (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $2,257 | 3.60% |
| Cullowhee, NC (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $4,589 | 3.69% |
| Lumberton, NC (FHA|USDA|VA) | 4 | $550,000 | $137,500 | $0 | 3.75% |
| Washington, NC (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $3,210 | 2.75% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 3.25% |
| RICHMOND, VA (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $2,836 | 3.13% |
| Roanoke Rapids, NC (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $3,745 | 3.38% |
| Marion, NC (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $3,568 | 3.50% |
| Danville, VA (FHA|USDA|VA) | 3 | $375,000 | $125,000 | $5,882 | 3.33% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $7,825 | 2.63% |
| Kinston, NC (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,068 | 3.00% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,541 | 4.13% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 3 | $265,000 | $88,333 | $2,758 | 3.38% |
| GREENVILLE, NC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,144 | 3.63% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,183 | 2.75% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,345 | 3.38% |
| Wilson, NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $1,648 | 2.50% |
| GOLDSBORO, NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 4.35% |
| Seneca, SC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,362 | 3.00% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 3.63% |
The Fidelity Bank's top markets include Raleigh, Durham, Greensboro, Winston, and Charlotte among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 1,795 | $388,015,000 | $216,164 | $3,460 | 3.32% |
| USDA | 25 | $4,425,000 | $177,000 | $5,084 | 2.90% |
| FHA | 24 | $5,240,000 | $218,333 | $7,138 | 3.01% |
| VA | 19 | $4,925,000 | $259,211 | $6,441 | 2.88% |
For the 2021 period, The Fidelity Bank's most frequently originated loan type of loans were Conventional, with 1,795 originations. Their 2nd most popular type is USDA, with 25 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Purchase | 568 | $164,950,000 | $290,405 | $4,073 | 3.29% |
| Refi | 533 | $117,285,000 | $220,047 | $3,169 | 3.04% |
| Cash Out Refi | 264 | $57,020,000 | $215,985 | $3,553 | 3.12% |
| Home Improvement | 253 | $33,235,000 | $131,364 | $0 | 3.73% |
| Other | 245 | $30,115,000 | $122,918 | $0 | 3.67% |
For the 2021, The Fidelity Bank's most frequently cited loan purpose of loans were Home Purchase, with 568 originations. The 2nd most popular reason of loans were Refi, with 533 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 757 | $192,315,000 | $254,049 | $3,800 | 3.16% |
| 10 Year | 622 | $82,620,000 | $132,830 | $3,291 | 3.64% |
| 15 Year | 296 | $62,930,000 | $212,601 | $3,350 | 2.62% |
| Other | 82 | $30,220,000 | $368,537 | $2,934 | 3.78% |
| 5 Year | 69 | $21,145,000 | $306,449 | $0 | 4.04% |
| 20 Year | 23 | $4,695,000 | $204,130 | $3,096 | 3.11% |
| 3 Year | 12 | $8,290,000 | $690,833 | $0 | 4.10% |
| 1 Year | 2 | $390,000 | $195,000 | $0 | 4.75% |
For the 2021, The Fidelity Bank's most frequently cited loan length of loans were 30 Year, with 757 originations. The 2nd most popular length of loans were 10 Year, with 622 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 601 | $142,875,000 | $237,729 |
| $1k-2k | 265 | $54,785,000 | $206,736 |
| $2k-3k | 88 | $24,150,000 | $274,432 |
| $3k-4k | 59 | $19,685,000 | $333,644 |
| $5k+ | 33 | $16,125,000 | $488,636 |
$3,800 of loans were The Fidelity Bank's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 601 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 1,039 | $237,405,000 | $228,494 |
| 2.5-3% | 462 | $110,200,000 | $238,528 |
| 4-5% | 198 | $20,480,000 | $103,434 |
| <2.5% | 160 | $34,010,000 | $212,563 |
| 5-6% | 4 | $510,000 | $127,500 |
During 2021, The Fidelity Bank's average interest rate of loans were 3.16%, while their most frequently originated rate bucket of loans were 3-4%, with 1,039 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-200k | 678 | $95,140,000 | $140,324 | $3,222 | 3.19% |
| $200k-400k | 580 | $161,160,000 | $277,862 | $3,822 | 3.14% |
| $100,000 or less | 403 | $24,395,000 | $60,533 | $2,800 | 3.76% |
| $400k-600k | 162 | $78,080,000 | $481,975 | $4,374 | 3.19% |
| $600k-1MM | 22 | $16,680,000 | $758,182 | $8,808 | 3.49% |
| $1MM+ | 18 | $27,150,000 | $1,508,333 | $9,727 | 3.60% |
2021 saw The Fidelity Bank place emphasis on $100k-200k loans with 678 originations, totaling $95,140,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 347 | $74,015,000 | $213,300 | $3,760 | 3.28% |
| $50k-75k | 330 | $54,560,000 | $165,333 | $3,437 | 3.22% |
| $50k or less | 306 | $36,190,000 | $118,268 | $3,316 | 3.21% |
| $150k-250k | 278 | $68,920,000 | $247,914 | $3,799 | 3.31% |
| $75k-100k | 262 | $51,260,000 | $195,649 | $3,772 | 3.23% |
| $250k+ | 193 | $57,455,000 | $297,694 | $4,687 | 3.32% |
The Fidelity Bank lent most frequently to those with incomes in the $100k-150k range, with 347 originations. The second most popular income band? $50k-75k, with 330 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 437 | $81,425,000 | $186,327 | $3,430 | 3.24% |
| 30-36% | 301 | $63,615,000 | $211,346 | $3,744 | 3.22% |
| <20% | 221 | $40,695,000 | $184,140 | $3,293 | 3.29% |
| 39% | 79 | $16,115,000 | $203,987 | $3,503 | 3.25% |
| 43% | 66 | $13,760,000 | $208,485 | $3,827 | 3.22% |
| 42% | 61 | $12,245,000 | $200,738 | $3,621 | 3.21% |
| 40% | 57 | $12,265,000 | $215,175 | $4,491 | 3.20% |
| 41% | 55 | $11,325,000 | $205,909 | $4,026 | 3.25% |
| 44% | 54 | $10,840,000 | $200,741 | $4,159 | 3.27% |
| 37% | 52 | $10,590,000 | $203,654 | $3,817 | 3.28% |
| 48% | 51 | $11,095,000 | $217,549 | $3,624 | 3.12% |
| 38% | 51 | $10,105,000 | $198,137 | $3,406 | 3.26% |
| 36% | 49 | $8,655,000 | $176,633 | $3,424 | 3.38% |
| 46% | 45 | $8,335,000 | $185,222 | $3,337 | 3.19% |
| 49% | 44 | $11,750,000 | $267,045 | $3,853 | 3.19% |
| 47% | 40 | $9,960,000 | $249,000 | $3,692 | 3.27% |
| 45% | 38 | $8,080,000 | $212,632 | $3,885 | 3.32% |
| 50-60% | 29 | $4,965,000 | $171,207 | $8,280 | 3.64% |
| >60% | 10 | $1,410,000 | $141,000 | $0 | 3.77% |
The Fidelity Bank lent most frequently to those with DTI ratios of 20-30%, with 437 originations. The next most common DTI ratio? 30-36%, with 301 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 1,578 | $320,700,000 | $203,232 | $3,613 | 3.25% |
| Not applicable | 109 | $45,035,000 | $413,165 | $0 | 4.00% |
| Black | 72 | $12,150,000 | $168,750 | $3,811 | 3.29% |
| Not provided | 50 | $10,680,000 | $213,600 | $3,533 | 3.46% |
| Asian | 37 | $10,475,000 | $283,108 | $4,066 | 3.13% |
| Asian Indian | 6 | $1,330,000 | $221,667 | $8,895 | 3.19% |
| Other Asian | 3 | $1,035,000 | $345,000 | $3,496 | 3.21% |
| American Indian | 5 | $965,000 | $193,000 | $4,407 | 3.38% |
| Vietnamese | 2 | $220,000 | $110,000 | $0 | 3.50% |
| Guamanian | 1 | $15,000 | $15,000 | $0 | 4.25% |
Approval Rates
Total approvals of all applications87.72%
The Fidelity Bank has an average approval rate.
Pick Rate
Approvals leading to origination77.26%
The Fidelity Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,863 | $402,605,000 | $216,106 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 1,863 | $402,605,000 | $216,106 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 335 | $47,705,000 | $142,403 | $3,137 | 3.40% |
| 40-60% | 400 | $91,220,000 | $228,050 | $3,289 | 3.06% |
| 60-80% | 592 | $168,890,000 | $285,287 | $3,560 | 3.27% |
| 80-100% | 311 | $78,225,000 | $251,527 | $4,207 | 3.17% |
| Over 100% | 3 | $695,000 | $231,667 | $10,018 | 2.83% |
| Under 20% | 222 | $15,870,000 | $71,486 | $2,434 | 3.87% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| The Fidelity Bank | 100 West Chatham Street Cary, NC 27511 | Full Service B&M | $138,283 |
| The Fidelity Bank | 1296 South Fifth Street Mebane, NC 27302 | Full Service B&M | $41,965 |
| The Fidelity Bank | 130 East Salisbury Street Robbins, NC 27325 | Full Service B&M | $58,736 |
| The Fidelity Bank | 1304 North Main Street Fuquay-Varina, NC 27526 | Full Service B&M | $36,653 |
| The Fidelity Bank | 1426 East 11th Street Siler City, NC 27344 | Full Service B&M | $60,611 |
| The Fidelity Bank | 163 South Main Street Kernersville, NC 27284 | Full Service B&M | $88,730 |
| The Fidelity Bank | 186 Williamson Road Mooresville, NC 28117 | Full Service B&M | $29,996 |
| The Fidelity Bank | 20 Pine State Street Lillington, NC 27546 | Full Service B&M | $45,187 |
| The Fidelity Bank | 202 Court Square Yanceyville, NC 27379 | Full Service B&M | $50,630 |
| The Fidelity Bank | 207 North Main Street Mount Gilead, NC 27306 | Full Service B&M | $42,858 |
| The Fidelity Bank | 2085 Statesville Boulevard Salisbury, NC 28147 | Full Service B&M | $33,296 |
| The Fidelity Bank | 225 North Main Street Candor, NC 27229 | Full Service B&M | $29,031 |
| The Fidelity Bank | 231 East Church Street Martinsville, VA 24112 | Full Service B&M | $40,814 |
| The Fidelity Bank | 32 Industrial Park Drive Suite 140, Suite 140 Pittsboro, NC 27312 | Full Service B&M | $38,622 |
| The Fidelity Bank | 3300 Virginia Avenue Collinsville, VA 24078 | Full Service B&M | $35,647 |
| The Fidelity Bank | 3306 Healy Drive Winston Salem, NC 27103 | Full Service B&M | $47,335 |
| The Fidelity Bank | 331 South Lafayette Street Shelby, NC 28150 | Full Service B&M | $143,419 |
| The Fidelity Bank | 520 N. Main Street Biscoe, NC 27209 | Full Service B&M | $93,156 |
| The Fidelity Bank | 5220 Falls Of Neuse Road Raleigh, NC 27609 | Full Service B&M | $71,197 |
| The Fidelity Bank | 532 East Broad Avenue Rockingham, NC 28379 | Full Service B&M | $83,147 |
| The Fidelity Bank | 5700 Creedmoor Rd Raleigh, NC 27612 | Full Service B&M | $77,415 |
| The Fidelity Bank | 600 Oberlin Road Raleigh, NC 27605 | Full Service B&M | $91,850 |
| The Fidelity Bank | 610 Cox Road Gastonia, NC 28054 | Full Service B&M | $40,190 |
| The Fidelity Bank | 6856 Jordan Road Ramseur, NC 27316 | Full Service B&M | $60,767 |
| The Fidelity Bank | 7000 Gb Alford Highway Holly Springs, NC 27540 | Full Service B&M | $62,708 |
| The Fidelity Bank | 100 South Main Street Fuquay Varina, NC 27526 | Full Service B&M | $152,186 |
| The Fidelity Bank | 231 South White Street Wake Forest, NC 27587 | Full Service B&M | $78,943 |
| The Fidelity Bank | 237 East Main Street Gibsonville, NC 27249 | Full Service B&M | $36,904 |
| The Fidelity Bank | 2441 South Church Street Burlington, NC 27215 | Full Service B&M | $72,937 |
| The Fidelity Bank | 2501 Battleground Avenue Greensboro, NC 27420 | Full Service B&M | $76,384 |
| The Fidelity Bank | 2561 Lewisville-Clemmons Road Clemmons, NC 27012 | Full Service B&M | $36,227 |
| The Fidelity Bank | 258 West Swannanoa Avenue Liberty, NC 27298 | Full Service B&M | $71,558 |
| The Fidelity Bank | 2819 Jones Franklin Road Raleigh, NC 27606 | Full Service B&M | $50,588 |
| The Fidelity Bank | 2911 Village Drive Fayetteville, NC 28304 | Full Service B&M | $55,203 |
| The Fidelity Bank | 2933 Union Road Gastonia, NC 28054 | Full Service B&M | $51,142 |
| The Fidelity Bank | 3016 Shannon Road Durham, NC 27707 | Full Service B&M | $92,296 |
| The Fidelity Bank | 315 Albemarle Road Troy, NC 27371 | Full Service B&M | $62,397 |
| The Fidelity Bank | 32 Industrial Park Dr, Suite 140 Pittsboro, NC 27312 | Full Service B&M | $1,232 |
| The Fidelity Bank | 712 Martin Luther King Jr. Avenue Oxford, NC 27565 | Full Service B&M | $76,382 |
| The Fidelity Bank | 804 East Williams Street Apex, NC 27502 | Full Service B&M | $42,581 |
| The Fidelity Bank | 919 Us Highway 70 W Garner, NC 27529 | Full Service B&M | $71,643 |
| The Fidelity Bank | 1000 East Cumberland Street Dunn, NC 28334 | Full Service B&M | $27,317 |
| The Fidelity Bank | 1002 South Horner Boulevard Sanford, NC 27330 | Full Service B&M | $34,979 |
| The Fidelity Bank | 10217 Chapel Hill Road Morrisville, NC 27560 | Full Service B&M | $54,103 |
| The Fidelity Bank | 103 South Henry Street Stoneville, NC 27048 | Full Service B&M | $24,106 |
| The Fidelity Bank | 1035 Randolph Street Thomasville, NC 27360 | Full Service B&M | $37,790 |
| The Fidelity Bank | 105 West Gordon Street Roxboro, NC 27573 | Full Service B&M | $32,421 |
| The Fidelity Bank | 106 E Taft Avenue Asheboro, NC 27203 | Full Service B&M | $23,388 |
| The Fidelity Bank | 11175 Us 15-501 Hwy Aberdeen, NC 28315 | Full Service B&M | $46,831 |
| The Fidelity Bank | 112 South 401 By-Pass Raeford, NC 28376 | Full Service B&M | $33,383 |
| The Fidelity Bank | 114 West Second Avenue Lexington, NC 27292 | Full Service B&M | $43,725 |
| The Fidelity Bank | 12201 Capital Boulevard Wake Forest, NC 27587 | Full Service B&M | $35,368 |
For 2021, The Fidelity Bank had 52 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $95,255 |
| Net interest income | $94,000 |
| Total noninterest income | $31,796 |
| Gross Fiduciary activities income | $1,575 |
| Service charges on deposit accounts | $5,980 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $24,241 |
| Pre-tax net operating income | $52,962 |
| Securities gains (or losses, -) | $571 |
| Income before extraordinary items | $42,001 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $42,001 |
| Minority interest net income | $0 |
| Net income | $42,001 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $41,549 |
The Fidelity Bank's gross interest income from loans was $95,255,000.
The Fidelity Bank's net interest income from loans was $94,000,000.
The Fidelity Bank's fee based income from loans was $5,980,000.
The Fidelity Bank's net income from loans was $42,001,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $1,255 |
| Provision for credit losses | $3,045 |
| Total noninterest expense | $69,789 |
| Salaries and employee benefits | $44,390 |
| Premises and equipment expense | $7,722 |
| Additional noninterest expense | $17,677 |
| Applicable income taxes | $11,532 |
| Net charge-offs | $-863 |
| Cash dividends | $2,040 |
The Fidelity Bank's interest expense for loans was $1,255,000.
The Fidelity Bank's payroll and benefits expense were $44,390,000.
The Fidelity Bank's property, plant and equipment expenses $7,722,000.
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 | $3,271,269 |
| Deposits held in domestic offices | $3,271,269 |
| Deposits by Individuals, partnerships, and corporations | $3,155,763 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $115,326 |
| Deposits by Commercial banks and other depository institutions in U.S. | $180 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $2,053,439 |
| Demand deposits | $1,526,343 |
| Nontransaction accounts | $1,217,830 |
| Money market deposit accounts (MMDAs) | $817,298 |
| Other savings deposits (excluding MMDAs) | $251,207 |
| Total time deposits | $149,325 |
| Total time and savings deposits | $1,744,926 |
| Noninterest-bearing deposits | $1,526,343 |
| Interest-bearing deposits | $1,744,925 |
| Retail deposits | $3,250,210 |
| IRAs and Keogh plan accounts | $45,968 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $3,564,427 |
| Cash & Balances due from depository institutions | $619,861 |
| Interest-bearing balances | $582,421 |
| Total securities | $1,111,358 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $1,741,117 |
| Loan and leases loss allowance | $25,918 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $48,051 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $19,638 |
| All other assets | $24,402 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $3,564,427 |
| Total Liabilities | $3,280,972 |
| Total deposits | $3,271,269 |
| Interest-bearing deposits | $1,744,925 |
| Deposits held in domestic offices | $3,271,269 |
| % insured (estimated) | $66 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $9,703 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $1,741,117 |
| Loan and leases loss allowance | $25,918 |
| Total loans and leases (domestic) | $1,767,035 |
| All real estate loans | $1,565,946 |
| Real estate loans in domestic offices | $1,565,946 |
| Construction and development loans | $255,248 |
| Residential 1-4 family construction | $100,191 |
| Other construction, all land development and other land | $155,057 |
| Loans secured by nonfarm nonresidential properties | $1,008,153 |
| Nonfarm nonresidential secured by owner-occupied properties | $633,767 |
| Commercial real estate & other non-farm, non-residential | $374,386 |
| Multifamily residential real estate | $55,534 |
| 1-4 family residential loans | $211,754 |
| Farmland loans | $35,257 |
| Loans held in foreign offices | $0 |
| Farm loans | $4,784 |
| Commercial and industrial loans | $184,182 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $11,822 |
| Credit card loans | $6,892 |
| Related Plans | $694 |
| Consumer Auto Loans | $885 |
| Other loans to individuals | $3,351 |
| All other loans & leases | $301 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $301 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $39 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $13,970 |
| Non 1-4 family restructured loans & leases | $12,732 |
| Total loans and leases (foreign) | $0 |
The Fidelity Bank had $1,741,117,000 of loans outstanding in 2021. $1,565,946,000 of loans were in real estate loans. $255,248,000 of loans were in development loans. $55,534,000 of loans were in multifamily mortgage loans. $211,754,000 of loans were in 1-4 family mortgage loans. $4,784,000 of loans were in farm loans. $6,892,000 of loans were in credit card loans. $885,000 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 | 1,532 | $383,156 | $250,102 |
| Nonfarm, nonresidential loans - <$100k | 225 | $8,816 | $39,182 |
| Nonfarm, nonresidential loans - $100-250k | 454 | $51,816 | $114,132 |
| Nonfarm, nonresidential loans - $250k-1MM | 853 | $322,524 | $378,106 |
| Commercial & Industrial, US addressed loans - <$1MM | 1,716 | $97,839 | $57,016 |
| Commercial & Industrial, US addressed loans - <$100k | 1,230 | $19,894 | $16,174 |
| Commercial & Industrial, US addressed loans - $100-250k | 260 | $25,602 | $98,469 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 226 | $52,343 | $231,606 |
| Farmland loans - <$1MM | 97 | $10,040 | $103,505 |
| Farmland loans - <$100k | 34 | $1,327 | $39,029 |
| Farmland loans - $100-250k | 41 | $4,507 | $109,927 |
| Farmland loans - $250k-1MM | 22 | $4,206 | $191,182 |
| Agriculture operations loans - <$1MM | 12 | $525 | $43,750 |
| Agriculture operations loans - <$100k | 9 | $92 | $10,222 |
| Agriculture operations loans - $100-250k | 1 | $93 | $93,000 |
| Agriculture operations loans - $250k-1MM | 2 | $340 | $170,000 |
