Flanagan State Bank Mortgage Rates, Fees & Info

Flanagan, IL

LEI: 2549008LUH7QKMXQ8N53

Tax ID: 37-0276830

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

Review & Overview

Flanagan State Bank is a smaller bank specializing in Home Purchase loans. Flanagan State Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Chicago, Bedford, Bloomington, Poplar Bluff, and Sioux Falls among others. We have data for 133 markets. (Some data included below & more in-depth data is available with an active subscription.)

Flanagan State 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. Flanagan State Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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SimulatedRates™ Mortgage Type	Simulated Rate	Simulation Date
30 Year Conventional Purchase	6.88%	4/22/24
30 Year Conventional Refi	6.58%	4/22/24
30 Year Cash-out Refi	6.78%	4/22/24
30 Year FHA Purchase	7.65%	4/22/24
30 Year FHA Refi	7.27%	4/22/24
30 Year VA Purchase	6.42%	4/22/24
30 Year VA Refi	6.27%	4/22/24
30 Year USDA Purchase	7.09%	4/22/24
30 Year USDA Refi	6.09%	4/22/24
15 Year Conventional Purchase	6.30%	4/22/24
15 Year Conventional Refi	6.16%	4/22/24
15 Year Cash-out Refi	6.16%	4/22/24
15 Year FHA Purchase	7.27%	4/22/24
15 Year FHA Refi	8.21%	4/22/24
15 Year VA Purchase	6.78%	4/22/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Flanagan State Bank Mortgage Calculator

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This is not an official calculator from Flanagan State Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.

Originations

1,749

Origination Dollar Volume (All Markets)

$226,815,000

Employee count

163

Awards

Flanagan State Bank 30 Year Conventional Loans gold

Show all (15) awards

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
Outside of Metro Areas	419	$50,695,000	$120,990	$4,543	5.05%
Chicago-Naperville-Elgin, IL-IN-WI (FHA\|USDA\|VA)	102	$17,710,000	$173,627	$5,358	4.88%
Bedford, IN (FHA\|USDA\|VA)	137	$15,065,000	$109,964	$3,953	5.14%
BLOOMINGTON, IL (FHA\|USDA\|VA)	105	$12,795,000	$121,857	$1,276	4.81%
Poplar Bluff, MO (FHA\|USDA\|VA)	109	$11,515,000	$105,642	$4,878	5.13%
SIOUX FALLS, SD (FHA\|USDA\|VA)	61	$11,285,000	$185,000	$5,534	4.82%
PEORIA, IL (FHA\|USDA\|VA)	72	$8,030,000	$111,528	$2,609	5.10%
Sikeston, MO (FHA\|USDA\|VA)	47	$5,555,000	$118,191	$4,707	4.94%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA\|USDA\|VA)	35	$4,825,000	$137,857	$3,617	5.04%
READING, PA (FHA\|USDA\|VA)	47	$4,485,000	$95,426	$6,755	5.15%
ST. JOSEPH, MO-KS (FHA\|USDA\|VA)	29	$4,135,000	$142,586	$3,961	4.98%
CARBONDALE-MARION, IL (FHA\|USDA\|VA)	28	$4,130,000	$147,500	$2,559	4.93%
Bozeman, MT (FHA\|USDA\|VA)	14	$3,880,000	$277,143	$2,874	4.51%
Muscatine, IA (FHA\|USDA\|VA)	28	$3,510,000	$125,357	$4,045	5.07%
KANKAKEE, IL (FHA\|USDA\|VA)	25	$3,405,000	$136,200	$4,176	4.96%
Durango, CO (FHA\|USDA\|VA)	9	$2,505,000	$278,333	$4,883	4.91%
BATON ROUGE, LA (FHA\|USDA\|VA)	14	$2,410,000	$172,143	$5,960	4.60%
Pontiac, IL (FHA\|USDA\|VA)	25	$2,315,000	$92,600	$2,333	5.03%
Lincoln, IL (FHA\|USDA\|VA)	21	$2,115,000	$100,714	$3,585	5.16%
Rock Springs, WY (FHA\|USDA\|VA)	10	$2,060,000	$206,000	$4,606	5.28%
Malvern, AR (FHA\|USDA\|VA)	23	$1,855,000	$80,652	$3,067	4.81%
BLOOMINGTON, IN (FHA\|USDA\|VA)	13	$1,815,000	$139,615	$3,775	4.97%
Campbellsville, KY (FHA\|USDA\|VA)	13	$1,755,000	$135,000	$6,174	4.87%
Maryville, MO (FHA\|USDA\|VA)	15	$1,755,000	$117,000	$3,411	4.87%
Mason City, IA (FHA\|USDA\|VA)	16	$1,700,000	$106,250	$5,557	5.29%
Kennett, MO (FHA\|USDA\|VA)	18	$1,680,000	$93,333	$5,047	5.05%
CAPE GIRARDEAU, MO-IL (FHA\|USDA\|VA)	13	$1,515,000	$116,538	$5,302	4.95%
Macomb, IL (FHA\|USDA\|VA)	17	$1,485,000	$87,353	$3,976	5.15%
SIOUX CITY, IA-NE-SD (FHA\|USDA\|VA)	9	$1,395,000	$155,000	$8,036	5.11%
RAPID CITY, SD (FHA\|USDA\|VA)	6	$1,330,000	$221,667	$5,435	4.90%
Rochelle, IL (FHA\|USDA\|VA)	7	$1,235,000	$176,429	$3,510	4.79%
ST. LOUIS, MO-IL (FHA\|USDA\|VA)	7	$1,185,000	$169,286	$3,222	4.77%
Freeport, IL (FHA\|USDA\|VA)	18	$1,180,000	$65,556	$3,015	5.07%
Brookings, SD (FHA\|USDA\|VA)	5	$1,065,000	$213,000	$5,161	4.88%
DES MOINES-WEST DES MOINES, IA (FHA\|USDA\|VA)	7	$1,055,000	$150,714	$4,642	5.32%
Huron, SD (FHA\|USDA\|VA)	9	$1,055,000	$117,222	$5,089	5.40%
KANSAS CITY, MO-KS (FHA\|USDA\|VA)	7	$915,000	$130,714	$4,029	4.67%
Helena, MT (FHA\|USDA\|VA)	4	$880,000	$220,000	$6,754	4.83%
Natchez, MS-LA (FHA\|USDA\|VA)	12	$840,000	$70,000	$4,308	5.17%
Palestine, TX (FHA\|USDA\|VA)	8	$830,000	$103,750	$4,298	5.25%
Evanston, WY (FHA\|USDA\|VA)	4	$810,000	$202,500	$3,123	4.72%
SPRINGFIELD, IL (FHA\|USDA\|VA)	6	$790,000	$131,667	$3,288	5.13%
BILLINGS, MT (FHA\|USDA\|VA)	5	$785,000	$157,000	$5,002	4.66%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA\|USDA\|VA)	6	$770,000	$128,333	$3,004	4.52%
Ottawa, IL (FHA\|USDA\|VA)	10	$740,000	$74,000	$2,800	4.95%
SPRINGFIELD, MO (FHA\|USDA\|VA)	6	$740,000	$123,333	$3,076	4.85%
Dixon, IL (FHA\|USDA\|VA)	6	$630,000	$105,000	$3,633	4.60%
LOUISVILLE, KY (FHA\|USDA\|VA)	4	$610,000	$152,500	$3,667	5.22%
RALEIGH-CARY, NC (FHA\|USDA\|VA)	3	$575,000	$191,667	$4,867	5.00%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA\|USDA\|VA)	1	$545,000	$545,000	$27,493	5.00%
GRAND JUNCTION, CO (FHA\|USDA\|VA)	2	$530,000	$265,000	$6,844	5.31%
Storm Lake, IA (FHA\|USDA\|VA)	4	$530,000	$132,500	$4,905	5.09%
JOPLIN, MO (FHA\|USDA\|VA)	5	$525,000	$105,000	$3,862	5.20%
Pierre, SD (FHA\|USDA\|VA)	3	$515,000	$171,667	$7,099	5.00%
PHOENIX-MESA-CHANDLER, AZ (FHA\|USDA\|VA)	2	$510,000	$255,000	$3,092	5.13%
Vermillion, SD (FHA\|USDA\|VA)	2	$500,000	$250,000	$7,258	4.88%
Spencer, IA (FHA\|USDA\|VA)	3	$495,000	$165,000	$6,938	5.17%
Dallas-Fort Worth-Arlington, TX (FHA\|USDA\|VA)	3	$495,000	$165,000	$6,827	4.46%
Sheridan, WY (FHA\|USDA\|VA)	2	$490,000	$245,000	$2,219	4.88%
Sterling, IL (FHA\|USDA\|VA)	3	$465,000	$155,000	$4,954	5.38%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA\|USDA\|VA)	1	$455,000	$455,000	$3,943	4.50%
LEXINGTON-FAYETTE, KY (FHA\|USDA\|VA)	3	$445,000	$148,333	$4,401	4.96%
ROCKFORD, IL (FHA\|USDA\|VA)	2	$440,000	$220,000	$6,855	4.88%
WATERLOO-CEDAR FALLS, IA (FHA\|USDA\|VA)	3	$435,000	$145,000	$5,981	4.71%
Charleston-Mattoon, IL (FHA\|USDA\|VA)	4	$430,000	$107,500	$5,352	5.38%
Yankton, SD (FHA\|USDA\|VA)	3	$425,000	$141,667	$7,387	5.00%
Washington, IN (FHA\|USDA\|VA)	3	$385,000	$128,333	$4,148	5.38%
FORT COLLINS, CO (FHA\|USDA\|VA)	1	$365,000	$365,000	$1,637	5.00%
Athens, TX (FHA\|USDA\|VA)	4	$350,000	$87,500	$5,014	5.09%
Taylorville, IL (FHA\|USDA\|VA)	6	$350,000	$58,333	$3,936	5.38%
CLARKSVILLE, TN-KY (FHA\|USDA\|VA)	5	$345,000	$69,000	$3,033	5.00%
OKLAHOMA CITY, OK (FHA\|USDA\|VA)	1	$315,000	$315,000	$3,934	4.75%
HUNTSVILLE, AL (FHA\|USDA\|VA)	1	$305,000	$305,000	$3,347	5.25%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA\|USDA\|VA)	1	$305,000	$305,000	$10,276	4.88%
Centralia, IL (FHA\|USDA\|VA)	3	$305,000	$101,667	$2,119	4.67%
Williston, ND (FHA\|USDA\|VA)	1	$305,000	$305,000	$10,109	5.00%
CHAMPAIGN-URBANA, IL (FHA\|USDA\|VA)	2	$300,000	$150,000	$4,028	4.63%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA\|USDA\|VA)	2	$300,000	$150,000	$5,600	5.06%
MILWAUKEE-WAUKESHA, WI (FHA\|USDA\|VA)	1	$295,000	$295,000	$11,265	5.50%
Galesburg, IL (FHA\|USDA\|VA)	3	$275,000	$91,667	$4,007	5.25%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA\|USDA\|VA)	1	$275,000	$275,000	$2,890	4.25%
KNOXVILLE, TN (FHA\|USDA\|VA)	1	$265,000	$265,000	$3,758	5.13%
CAPE CORAL-FORT MYERS, FL (FHA\|USDA\|VA)	1	$265,000	$265,000	$8,687	4.50%
Mountain Home, AR (FHA\|USDA\|VA)	1	$265,000	$265,000	$2,757	4.88%
Cañon City, CO (FHA\|USDA\|VA)	1	$265,000	$265,000	$5,479	5.50%
Frankfort, KY (FHA\|USDA\|VA)	1	$235,000	$235,000	$6,842	4.50%
ST. CLOUD, MN (FHA\|USDA\|VA)	1	$235,000	$235,000	$2,071	4.00%
HOT SPRINGS, AR (FHA\|USDA\|VA)	2	$230,000	$115,000	$3,489	4.56%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA\|USDA\|VA)	1	$225,000	$225,000	$4,832	4.63%
PORT ST. LUCIE, FL (FHA\|USDA\|VA)	1	$225,000	$225,000	$3,124	5.00%
MANKATO, MN (FHA\|USDA\|VA)	1	$225,000	$225,000	$5,271	5.00%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA\|USDA\|VA)	1	$225,000	$225,000	$4,397	4.63%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA\|USDA\|VA)	2	$220,000	$110,000	$5,078	5.25%
Somerset, KY (FHA\|USDA\|VA)	1	$215,000	$215,000	$6,900	4.88%
Danville, KY (FHA\|USDA\|VA)	1	$215,000	$215,000	$6,589	4.88%
ROCHESTER, MN (FHA\|USDA\|VA)	1	$215,000	$215,000	$8,553	4.88%
FARMINGTON, NM (FHA\|USDA\|VA)	1	$215,000	$215,000	$7,799	5.50%
Clinton, IA (FHA\|USDA\|VA)	1	$205,000	$205,000	$2,742	4.50%
MADISON, WI (FHA\|USDA\|VA)	1	$205,000	$205,000	$2,641	5.00%
BAKERSFIELD, CA (FHA\|USDA\|VA)	1	$205,000	$205,000	$3,213	5.38%
Sevierville, TN (FHA\|USDA\|VA)	1	$195,000	$195,000	$3,175	4.88%
DULUTH, MN-WI (FHA\|USDA\|VA)	1	$195,000	$195,000	$8,165	4.63%
Oskaloosa, IA (FHA\|USDA\|VA)	1	$185,000	$185,000	$7,285	5.63%
Kalispell, MT (FHA\|USDA\|VA)	1	$185,000	$185,000	$2,305	4.38%
DANVILLE, IL (FHA\|USDA\|VA)	1	$175,000	$175,000	$1,318	5.50%
Mitchell, SD (FHA\|USDA\|VA)	1	$165,000	$165,000	$4,067	5.00%
ABILENE, TX (FHA\|USDA\|VA)	1	$165,000	$165,000	$5,568	5.00%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA\|USDA\|VA)	1	$155,000	$155,000	$3,432	5.25%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA\|USDA\|VA)	1	$155,000	$155,000	$4,744	4.88%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA\|USDA\|VA)	1	$155,000	$155,000	$5,318	5.25%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA\|USDA\|VA)	1	$145,000	$145,000	$1,177	5.13%
TERRE HAUTE, IN (FHA\|USDA\|VA)	1	$145,000	$145,000	$3,389	5.50%
Klamath Falls, OR (FHA\|USDA\|VA)	1	$135,000	$135,000	$9,771	5.00%
POCATELLO, ID (FHA\|USDA\|VA)	1	$125,000	$125,000	$1,748	4.88%
PANAMA CITY, FL (FHA\|USDA\|VA)	1	$115,000	$115,000	$1,601	5.75%
Marshall, MN (FHA\|USDA\|VA)	1	$115,000	$115,000	$5,145	5.00%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA\|USDA\|VA)	1	$115,000	$115,000	$7,928	4.75%
Paragould, AR (FHA\|USDA\|VA)	1	$115,000	$115,000	$6,056	5.50%
GREEN BAY, WI (FHA\|USDA\|VA)	1	$115,000	$115,000	$3,972	5.13%
SHREVEPORT-BOSSIER CITY, LA (FHA\|USDA\|VA)	1	$105,000	$105,000	$6,191	5.13%
Burlington, IA-IL (FHA\|USDA\|VA)	1	$105,000	$105,000	$5,540	5.25%
Butte-Silver Bow, MT (FHA\|USDA\|VA)	1	$105,000	$105,000	$2,599	5.38%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA\|USDA\|VA)	1	$95,000	$95,000	$1,161	4.63%
Mount Vernon, IL (FHA\|USDA\|VA)	1	$95,000	$95,000	$2,288	4.75%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA\|USDA\|VA)	1	$95,000	$95,000	$0	0.00%
Spirit Lake, IA (FHA\|USDA\|VA)	1	$95,000	$95,000	$2,965	5.25%
DUBUQUE, IA (FHA\|USDA\|VA)	1	$85,000	$85,000	$3,332	5.25%
Pottsville, PA (FHA\|USDA\|VA)	1	$85,000	$85,000	$5,202	4.13%
Mayfield, KY (FHA\|USDA\|VA)	1	$75,000	$75,000	$4,767	4.63%
Carroll, IA (FHA\|USDA\|VA)	1	$75,000	$75,000	$4,247	5.50%
Blytheville, AR (FHA\|USDA\|VA)	1	$75,000	$75,000	$3,469	5.63%
LAFAYETTE-WEST LAFAYETTE, IN (FHA\|USDA\|VA)	1	$55,000	$55,000	$2,604	4.88%
Branson, MO (FHA\|USDA\|VA)	1	$55,000	$55,000	$3,497	5.25%

Flanagan State Bank's top markets include Chicago, Bedford, Bloomington, Poplar Bluff, and Sioux Falls among others.

Their top states include:

Illinois (FHA|USDA|VA)

Missouri (FHA|USDA|VA)

Indiana (FHA|USDA|VA)

South Dakota (FHA|USDA|VA)

Iowa (FHA|USDA|VA)

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Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	597	$88,595,000	$148,400	$2,737	4.91%
USDA	550	$53,430,000	$97,145	$4,414	5.04%
FHA	458	$59,090,000	$129,017	$6,190	5.13%
VA	144	$25,700,000	$178,472	$3,870	4.92%

For 2018, Flanagan State Bank's most frequently originated type of loan was Conventional, with 597 originations. Their 2nd most popular type was USDA, with 550 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	1,497	$188,735,000	$126,075	$4,468	5.04%
Cash Out Refi	158	$23,690,000	$149,937	$3,687	4.98%
Refi	93	$14,355,000	$154,355	$2,746	4.63%
Other	1	$35,000	$35,000	$0	0.00%

For 2018, Flanagan State Bank's most frequently cited loan purpose was Home Purchase, with 1,497 originations. The 2nd most popular reason was Cash Out Refi, with 158 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
30 Year	1,589	$207,355,000	$130,494	$4,481	5.03%
15 Year	62	$6,950,000	$112,097	$2,285	4.30%
Other	53	$5,655,000	$106,698	$1,780	5.62%
20 Year	25	$4,325,000	$173,000	$3,170	4.73%
1 Year	10	$1,370,000	$137,000	$960	5.96%
5 Year	6	$760,000	$126,667	$234	4.75%
10 Year	3	$365,000	$121,667	$1,675	4.54%
3 Year	1	$35,000	$35,000	$0	0.00%

For 2018, Flanagan State Bank's most frequently cited loan duration was 30 Year, with 1,589 originations. The 2nd most popular length was 15 Year, with 62 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$1k-2k	638	$80,570,000	$126,285
$<1k	453	$63,445,000	$140,055
$2k-3k	338	$38,240,000	$113,136
$3k-4k	160	$20,690,000	$129,313
$4k-5k	64	$9,600,000	$150,000
$5k+	41	$8,925,000	$217,683

Flanagan State Bank's average total fees were $4,481, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 638 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
4-5%	827	$117,095,000	$141,590
5-6%	807	$95,105,000	$117,850
3-4%	47	$8,235,000	$175,213
6-7%	13	$1,035,000	$79,615

During 2018, Flanagan State Bank's average interest rate for loans was 5.03%, while their most frequently originated rate bucket for loans was 4-5%, with 827 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	773	$55,345,000	$71,598	$3,671	5.11%
$100k-200k	703	$97,825,000	$139,154	$4,596	4.98%
$200k-400k	259	$66,915,000	$258,359	$5,292	4.85%
$400k-600k	12	$5,340,000	$445,000	$6,626	4.97%
$600k-1MM	2	$1,390,000	$695,000	$4,083	5.31%

2018 saw Flanagan State Bank place emphasis on $100,000 or less loans with 773 originations, totaling $55,345,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k or less	764	$68,650,000	$89,856	$4,182	5.06%
$50k-75k	516	$68,060,000	$131,899	$4,396	5.01%
$75k-100k	236	$40,270,000	$170,636	$4,404	4.95%
$100k-150k	164	$34,540,000	$210,610	$4,548	4.91%
$150k-250k	52	$11,130,000	$214,038	$4,249	5.01%
$250k+	10	$2,910,000	$291,000	$4,197	4.73%

Flanagan State Bank lent most frequently to those with incomes in the $50k or less range, with 764 originations. The second most popular income band? $50k-75k, with 516 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-30%	409	$47,565,000	$116,296	$3,812	4.99%
30-36%	354	$43,910,000	$124,040	$4,202	5.01%
50-60%	113	$18,645,000	$165,000	$6,206	5.01%
<20%	110	$10,850,000	$98,636	$3,541	4.99%
40%	96	$11,350,000	$118,229	$4,376	5.09%
39%	76	$9,400,000	$123,684	$4,622	5.05%
36%	74	$8,670,000	$117,162	$4,120	5.07%
38%	69	$8,415,000	$121,957	$4,083	5.00%
44%	60	$9,460,000	$157,667	$4,060	4.95%
37%	54	$7,250,000	$134,259	$4,577	5.03%
43%	52	$8,440,000	$162,308	$4,726	5.00%
47%	44	$6,420,000	$145,909	$4,756	5.05%
45%	44	$6,780,000	$154,091	$4,106	4.98%
46%	43	$7,045,000	$163,837	$5,039	5.14%
41%	41	$6,075,000	$148,171	$5,297	5.01%
49%	38	$6,520,000	$171,579	$4,849	4.87%
42%	31	$4,035,000	$130,161	$4,359	5.15%
48%	28	$4,000,000	$142,857	$3,900	4.98%
>60%	6	$930,000	$155,000	$4,104	4.90%

Flanagan State Bank lent most frequently to those with DTI ratios of 20-30%, with 409 originations. The next most common DTI ratio? 30-36%, with 354 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	1,636	$212,180,000	$129,694	$4,279	5.01%
Black	76	$9,460,000	$124,474	$5,216	5.00%
Not provided	24	$3,380,000	$140,833	$3,753	4.98%
Asian	5	$965,000	$193,000	$3,945	5.05%
Not applicable	4	$490,000	$122,500	$0	0.00%
American Indian	3	$255,000	$85,000	$3,940	5.17%
Native Hawaiian or Islander	1	$85,000	$85,000	$4,106	5.25%

Approval Rates

Total approvals of all applications
86.34%

Flanagan State Bank has an average approval rate.

Pick Rate

Approvals leading to origination
80.79%

Flanagan State Bank has a below average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
NA	1,749	$226,815,000	$129,683

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	4	$860,000	$215,000
Single Family (1-4 Units):Manufactured	90	$9,450,000	$105,000
Single Family (1-4 Units):Site-Built	1,655	$216,505,000	$130,819

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	19	$1,245,000	$65,526	$1,775	5.18%
40-60%	46	$5,470,000	$118,913	$2,361	4.64%
60-80%	249	$39,265,000	$157,691	$3,010	4.87%
80-100%	1,386	$172,840,000	$124,704	$4,581	5.04%
Over 100%	40	$7,790,000	$194,750	$6,217	5.10%
Under 20%	9	$205,000	$22,778	$969	6.05%

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
Flanagan State Bank	111 North Fayette Street El Paso, IL 61738	Full Service B&M	$34,689
Flanagan State Bank	208 East Gridley Road Gridley, IL 61744	Full Service B&M	$11,303
Flanagan State Bank	2401 East Washington Street Bloomington, IL 61704	Full Service B&M	$23,835
Flanagan State Bank	301 West Falcon Highway Flanagan, IL 61740	Full Service B&M	$51,860
Flanagan State Bank	403 State Street Benson, IL 61516	Full Service B&M	$17,194
Flanagan State Bank	500 S Persimmon St Le Roy, IL 61752	Full Service B&M	$25,329

For 2018, Flanagan State Bank had 6 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$6,731
Net interest income	$5,880
Total noninterest income	$13,042
Gross Fiduciary activities income	$69
Service charges on deposit accounts	$276
Trading account gains and fees	$0
Additional Noninterest Income	$12,697
Pre-tax net operating income	$1,255
Securities gains (or losses, -)	$22
Income before extraordinary items	$1,256
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$1,256
Minority interest net income	$0
Net income	$1,256
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$1,234

Flanagan State Bank's gross interest income from loans was $6,731,000.
Flanagan State Bank's net interest income from loans was $5,880,000.
Flanagan State Bank's fee based income from loans was $276,000.
Flanagan State Bank's net income from loans was $1,256,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$851
Provision for credit losses	$208
Total noninterest expense	$17,459
Salaries and employee benefits	$11,630
Premises and equipment expense	$1,432
Additional noninterest expense	$4,397
Applicable income taxes	$21
Net charge-offs	$473
Cash dividends	$750

Flanagan State Bank's interest expense for loans was $851,000.
Flanagan State Bank's payroll and benefits expense were $11,630,000.
Flanagan State Bank's property, plant and equipment expenses $1,432,000.

Loan Performance

Type of Loan	% of Loans Noncurrent (30+ days, end of period snapshot)
All loans	1.0%
Real Estate loans	2.0%
Construction & Land Development loans	13.0%
Nonfarm, nonresidential loans	0.0%
Multifamily residential loans	0.0%
1-4 family residential loans	1.0%
HELOC loans	0.0%
All other family	1.0%
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	$163,033
Deposits held in domestic offices	$163,033
Deposits by Individuals, partnerships, and corporations	$151,521
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$11,476
Deposits by Commercial banks and other depository institutions in U.S.	$36
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$59,234
Demand deposits	$38,403
Nontransaction accounts	$103,799
Money market deposit accounts (MMDAs)	$36,667
Other savings deposits (excluding MMDAs)	$18,599
Total time deposits	$48,533
Total time and savings deposits	$124,630
Noninterest-bearing deposits	$32,939
Interest-bearing deposits	$130,094
Retail deposits	$160,943
IRAs and Keogh plan accounts	$5,469
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$187,387
Cash & Balances due from depository institutions	$4,976
Interest-bearing balances	$685
Total securities	$57,237
Federal funds sold & reverse repurchase	$0
Net loans and leases	$112,067
Loan and leases loss allowance	$769
Trading account assets	$0
Bank premises and fixed assets	$7,732
Other real estate owned	$430
Goodwill and other intangibles	$1,674
All other assets	$3,271

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$187,388
Total Liabilities	$170,321
Total deposits	$163,033
Interest-bearing deposits	$130,094
Deposits held in domestic offices	$163,033
% insured (estimated)	$90
Federal funds purchased and repurchase agreements	$869
Trading liabilities	$0
Other borrowed funds	$5,000
Subordinated debt	$0
All other liabilities	$1,419

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$112,067
Loan and leases loss allowance	$769
Total loans and leases (domestic)	$112,836
All real estate loans	$71,215
Real estate loans in domestic offices	$71,215
Construction and development loans	$7,183
Residential 1-4 family construction	$2,869
Other construction, all land development and other land	$4,314
Loans secured by nonfarm nonresidential properties	$9,320
Nonfarm nonresidential secured by owner-occupied properties	$6,747
Commercial real estate & other non-farm, non-residential	$2,573
Multifamily residential real estate	$2,001
1-4 family residential loans	$35,711
Farmland loans	$17,000
Loans held in foreign offices	$0
Farm loans	$26,068
Commercial and industrial loans	$7,971
To non-U.S. addressees	$0
Loans to individuals	$4,174
Credit card loans	$2
Related Plans	$0
Consumer Auto Loans	$1,757
Other loans to individuals	$2,415
All other loans & leases	$3,408
Loans to foreign governments and official institutions	$0
Other loans	$2,708
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	$601
Non 1-4 family restructured loans & leases	$430
Total loans and leases (foreign)	$0

Flanagan State Bank had $112,067,000 of loans outstanding in 2018. $71,215,000 of loans were in real estate loans. $7,183,000 of loans were in development loans. $2,001,000 of loans were in multifamily mortgage loans. $35,711,000 of loans were in 1-4 family mortgage loans. $26,068,000 of loans were in farm loans. $2,000 of loans were in credit card loans. $1,757,000 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	50	$6,292	$125,840
Nonfarm, nonresidential loans - <$100k	29	$1,463	$50,448
Nonfarm, nonresidential loans - $100-250k	13	$1,960	$150,769
Nonfarm, nonresidential loans - $250k-1MM	8	$2,869	$358,625
Commercial & Industrial, US addressed loans - <$1MM	71	$5,529	$77,873
Commercial & Industrial, US addressed loans - <$100k	50	$1,521	$30,420
Commercial & Industrial, US addressed loans - $100-250k	13	$1,443	$111,000
Commercial & Industrial, US addressed loans - $250k-1MM	8	$2,565	$320,625
Farmland loans - <$1MM	96	$11,281	$117,510
Farmland loans - <$100k	20	$750	$37,500
Farmland loans - $100-250k	53	$5,248	$99,019
Farmland loans - $250k-1MM	23	$5,283	$229,696
Agriculture operations loans - <$1MM	129	$14,366	$111,364
Agriculture operations loans - <$100k	60	$1,730	$28,833
Agriculture operations loans - $100-250k	42	$5,889	$140,214
Agriculture operations loans - $250k-1MM	27	$6,747	$249,889