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 and Refi 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, Bloomington, Durango, Bedford, and Sioux Falls among others. We have data for 153 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.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™ Mortgage Type	Simulated Rate	Simulation Date
30 Year Conventional Purchase	6.88%	4/18/24
30 Year Conventional Refi	6.58%	4/18/24
30 Year Cash-out Refi	6.78%	4/18/24
30 Year FHA Purchase	7.65%	4/18/24
30 Year FHA Refi	7.27%	4/18/24
30 Year VA Purchase	6.42%	4/18/24
30 Year VA Refi	6.27%	4/18/24
30 Year USDA Purchase	7.09%	4/18/24
30 Year USDA Refi	6.09%	4/18/24
15 Year Conventional Purchase	6.30%	4/18/24
15 Year Conventional Refi	6.16%	4/18/24
15 Year Cash-out Refi	6.16%	4/18/24
15 Year FHA Purchase	7.27%	4/18/24
15 Year FHA Refi	8.21%	4/18/24
15 Year VA Purchase	6.78%	4/18/24
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

2,041

Origination Dollar Volume (All Markets)

$307,635,000

Employee count

161

Awards

Flanagan State Bank 30 Year Conventional Loans gold

Flanagan State Bank 30 Year Conventional Loans silver

Show all (14) 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	416	$55,230,000	$132,764	$4,692	4.50%
Chicago-Naperville-Elgin, IL-IN-WI (FHA\|USDA\|VA)	151	$32,595,000	$215,861	$4,463	4.32%
BLOOMINGTON, IL (FHA\|USDA\|VA)	155	$22,315,000	$143,968	$1,251	4.43%
Durango, CO (FHA\|USDA\|VA)	51	$14,595,000	$286,176	$4,143	4.07%
Bedford, IN (FHA\|USDA\|VA)	114	$13,750,000	$120,614	$4,326	4.59%
SIOUX FALLS, SD (FHA\|USDA\|VA)	61	$12,785,000	$209,590	$5,760	4.13%
Poplar Bluff, MO (FHA\|USDA\|VA)	104	$11,070,000	$106,442	$4,940	4.54%
PEORIA, IL (FHA\|USDA\|VA)	86	$9,900,000	$115,116	$2,456	4.56%
Rock Springs, WY (FHA\|USDA\|VA)	45	$9,875,000	$219,444	$4,585	4.44%
KANKAKEE, IL (FHA\|USDA\|VA)	50	$8,050,000	$161,000	$4,425	4.50%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA\|USDA\|VA)	65	$7,285,000	$112,077	$3,782	4.73%
Sikeston, MO (FHA\|USDA\|VA)	50	$5,980,000	$119,600	$5,914	4.21%
Bozeman, MT (FHA\|USDA\|VA)	20	$5,440,000	$272,000	$2,602	3.92%
JOPLIN, MO (FHA\|USDA\|VA)	35	$5,325,000	$152,143	$4,377	4.45%
DES MOINES-WEST DES MOINES, IA (FHA\|USDA\|VA)	29	$5,275,000	$181,897	$5,384	4.75%
READING, PA (FHA\|USDA\|VA)	44	$4,090,000	$92,955	$6,575	4.82%
ST. JOSEPH, MO-KS (FHA\|USDA\|VA)	31	$3,955,000	$127,581	$4,281	4.65%
GRAND JUNCTION, CO (FHA\|USDA\|VA)	12	$3,550,000	$295,833	$4,031	4.55%
Maryville, MO (FHA\|USDA\|VA)	25	$2,845,000	$113,800	$3,757	4.53%
Kennett, MO (FHA\|USDA\|VA)	32	$2,630,000	$82,188	$4,773	4.56%
MILWAUKEE-WAUKESHA, WI (FHA\|USDA\|VA)	9	$2,375,000	$263,889	$2,117	4.22%
Platteville, WI (FHA\|USDA\|VA)	16	$2,360,000	$147,500	$3,683	4.36%
SPRINGFIELD, IL (FHA\|USDA\|VA)	16	$2,080,000	$130,000	$3,736	4.30%
Lincoln, IL (FHA\|USDA\|VA)	22	$1,940,000	$88,182	$3,618	5.01%
SPRINGFIELD, MO (FHA\|USDA\|VA)	11	$1,885,000	$171,364	$3,307	3.90%
Spencer, IA (FHA\|USDA\|VA)	13	$1,885,000	$145,000	$4,951	4.50%
Macomb, IL (FHA\|USDA\|VA)	20	$1,860,000	$93,000	$3,974	4.73%
Pontiac, IL (FHA\|USDA\|VA)	16	$1,710,000	$106,875	$1,698	5.10%
Freeport, IL (FHA\|USDA\|VA)	18	$1,650,000	$91,667	$4,034	4.75%
MADISON, WI (FHA\|USDA\|VA)	7	$1,545,000	$220,714	$3,100	3.93%
Muscatine, IA (FHA\|USDA\|VA)	13	$1,535,000	$118,077	$3,846	4.88%
Montrose, CO (FHA\|USDA\|VA)	4	$1,470,000	$367,500	$3,737	4.03%
PHOENIX-MESA-CHANDLER, AZ (FHA\|USDA\|VA)	5	$1,455,000	$291,000	$5,612	4.23%
Malvern, AR (FHA\|USDA\|VA)	14	$1,440,000	$102,857	$3,912	4.38%
BLOOMINGTON, IN (FHA\|USDA\|VA)	7	$1,425,000	$203,571	$6,163	4.61%
KANSAS CITY, MO-KS (FHA\|USDA\|VA)	7	$1,425,000	$203,571	$3,374	4.30%
Palestine, TX (FHA\|USDA\|VA)	12	$1,410,000	$117,500	$4,641	4.59%
Evanston, WY (FHA\|USDA\|VA)	6	$1,370,000	$228,333	$5,400	4.40%
Brookings, SD (FHA\|USDA\|VA)	7	$1,365,000	$195,000	$4,585	4.21%
FARMINGTON, NM (FHA\|USDA\|VA)	5	$1,295,000	$259,000	$5,340	3.73%
Rochelle, IL (FHA\|USDA\|VA)	9	$1,275,000	$141,667	$4,008	4.32%
CARBONDALE-MARION, IL (FHA\|USDA\|VA)	8	$1,260,000	$157,500	$2,958	4.84%
Butte-Silver Bow, MT (FHA\|USDA\|VA)	7	$1,245,000	$177,857	$5,441	4.45%
EL PASO, TX (FHA\|USDA\|VA)	9	$1,225,000	$136,111	$4,683	4.22%
JEFFERSON CITY, MO (FHA\|USDA\|VA)	7	$1,205,000	$172,143	$8,215	3.59%
Watertown-Fort Atkinson, WI (FHA\|USDA\|VA)	5	$1,075,000	$215,000	$2,234	3.98%
Campbellsville, KY (FHA\|USDA\|VA)	7	$955,000	$136,429	$4,180	4.57%
Storm Lake, IA (FHA\|USDA\|VA)	10	$930,000	$93,000	$4,591	4.85%
ST. LOUIS, MO-IL (FHA\|USDA\|VA)	4	$870,000	$217,500	$5,652	4.56%
RAPID CITY, SD (FHA\|USDA\|VA)	4	$870,000	$217,500	$9,229	3.91%
Taylorville, IL (FHA\|USDA\|VA)	11	$845,000	$76,818	$3,877	4.72%
Baraboo, WI (FHA\|USDA\|VA)	5	$825,000	$165,000	$4,484	3.75%
BOISE CITY, ID (FHA\|USDA\|VA)	2	$720,000	$360,000	$7,704	3.44%
Huron, SD (FHA\|USDA\|VA)	6	$690,000	$115,000	$5,499	4.48%
CAPE GIRARDEAU, MO-IL (FHA\|USDA\|VA)	5	$665,000	$133,000	$4,531	3.85%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA\|USDA\|VA)	2	$660,000	$330,000	$7,112	4.19%
Yankton, SD (FHA\|USDA\|VA)	4	$660,000	$165,000	$5,642	4.63%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA\|USDA\|VA)	3	$625,000	$208,333	$5,660	4.54%
LOUISVILLE, KY (FHA\|USDA\|VA)	2	$590,000	$295,000	$1,973	4.19%
WATERLOO-CEDAR FALLS, IA (FHA\|USDA\|VA)	5	$585,000	$117,000	$6,502	4.68%
Mason City, IA (FHA\|USDA\|VA)	6	$580,000	$96,667	$5,121	4.77%
Dixon, IL (FHA\|USDA\|VA)	4	$510,000	$127,500	$3,886	3.59%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA\|USDA\|VA)	1	$485,000	$485,000	$4,471	3.75%
Ottawa, IL (FHA\|USDA\|VA)	4	$480,000	$120,000	$2,720	4.50%
BILLINGS, MT (FHA\|USDA\|VA)	2	$470,000	$235,000	$7,594	4.81%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA\|USDA\|VA)	2	$450,000	$225,000	$3,307	4.00%
ROCKFORD, IL (FHA\|USDA\|VA)	3	$445,000	$148,333	$5,322	5.08%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA\|USDA\|VA)	2	$430,000	$215,000	$5,299	5.06%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA\|USDA\|VA)	2	$400,000	$200,000	$4,736	4.44%
CASPER, WY (FHA\|USDA\|VA)	1	$395,000	$395,000	$85	4.50%
CHAMPAIGN-URBANA, IL (FHA\|USDA\|VA)	3	$385,000	$128,333	$4,540	3.92%
Sheridan, WY (FHA\|USDA\|VA)	2	$380,000	$190,000	$2,685	3.88%
SALINAS, CA (FHA\|USDA\|VA)	1	$365,000	$365,000	$9,832	4.00%
COLORADO SPRINGS, CO (FHA\|USDA\|VA)	1	$365,000	$365,000	$2,771	4.25%
Uvalde, TX (FHA\|USDA\|VA)	1	$355,000	$355,000	$5,137	4.63%
DENVER-AURORA-LAKEWOOD, CO (FHA\|USDA\|VA)	1	$355,000	$355,000	$8,679	4.13%
Worthington, MN (FHA\|USDA\|VA)	2	$340,000	$170,000	$11,742	4.38%
IOWA CITY, IA (FHA\|USDA\|VA)	2	$330,000	$165,000	$3,601	4.81%
JACKSONVILLE, NC (FHA\|USDA\|VA)	2	$330,000	$165,000	$2,179	4.81%
Beaver Dam, WI (FHA\|USDA\|VA)	1	$315,000	$315,000	$878	4.00%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA\|USDA\|VA)	2	$310,000	$155,000	$2,327	3.81%
Watertown, SD (FHA\|USDA\|VA)	1	$285,000	$285,000	$7,428	4.38%
Spirit Lake, IA (FHA\|USDA\|VA)	1	$285,000	$285,000	$3,739	3.63%
TULSA, OK (FHA\|USDA\|VA)	1	$285,000	$285,000	$3,583	4.75%
POCATELLO, ID (FHA\|USDA\|VA)	2	$280,000	$140,000	$1,974	4.69%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA\|USDA\|VA)	1	$255,000	$255,000	$6,243	4.00%
Athens, TX (FHA\|USDA\|VA)	1	$255,000	$255,000	$2,982	4.00%
HUNTSVILLE, AL (FHA\|USDA\|VA)	1	$255,000	$255,000	$7,858	4.13%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA\|USDA\|VA)	1	$255,000	$255,000	$10,279	3.38%
OKLAHOMA CITY, OK (FHA\|USDA\|VA)	1	$245,000	$245,000	$10,386	4.63%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA\|USDA\|VA)	1	$235,000	$235,000	$7,573	4.13%
Boone, NC (FHA\|USDA\|VA)	1	$235,000	$235,000	$7,264	3.50%
Stephenville, TX (FHA\|USDA\|VA)	1	$225,000	$225,000	$3,295	4.25%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA\|USDA\|VA)	1	$225,000	$225,000	$2,562	3.75%
LYNCHBURG, VA (FHA\|USDA\|VA)	1	$215,000	$215,000	$3,020	4.63%
LEWISTON, ID-WA (FHA\|USDA\|VA)	1	$215,000	$215,000	$420	3.25%
Williston, ND (FHA\|USDA\|VA)	1	$215,000	$215,000	$5,547	4.50%
Crawfordsville, IN (FHA\|USDA\|VA)	1	$205,000	$205,000	$4,657	4.25%
Lufkin, TX (FHA\|USDA\|VA)	1	$205,000	$205,000	$7,482	4.63%
Helena, MT (FHA\|USDA\|VA)	1	$205,000	$205,000	$5,199	4.00%
PENSACOLA-FERRY PASS-BRENT, FL (FHA\|USDA\|VA)	1	$195,000	$195,000	$3,106	4.25%
SIOUX CITY, IA-NE-SD (FHA\|USDA\|VA)	1	$195,000	$195,000	$5,636	3.63%
Carroll, IA (FHA\|USDA\|VA)	1	$195,000	$195,000	$9,361	3.63%
Moberly, MO (FHA\|USDA\|VA)	1	$195,000	$195,000	$5,555	4.63%
DECATUR, IL (FHA\|USDA\|VA)	1	$195,000	$195,000	$3,305	3.63%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA\|USDA\|VA)	1	$195,000	$195,000	$4,986	3.38%
Galesburg, IL (FHA\|USDA\|VA)	2	$190,000	$95,000	$6,040	4.50%
FARGO, ND-MN (FHA\|USDA\|VA)	1	$185,000	$185,000	$379	4.38%
Plymouth, IN (FHA\|USDA\|VA)	1	$185,000	$185,000	$2,428	4.63%
Sedalia, MO (FHA\|USDA\|VA)	1	$175,000	$175,000	$1,823	4.38%
COLUMBIA, MO (FHA\|USDA\|VA)	1	$175,000	$175,000	$5,909	4.13%
CEDAR RAPIDS, IA (FHA\|USDA\|VA)	2	$170,000	$85,000	$3,815	5.06%
Spearfish, SD (FHA\|USDA\|VA)	1	$165,000	$165,000	$3,705	4.88%
DUBUQUE, IA (FHA\|USDA\|VA)	1	$165,000	$165,000	$1,738	4.00%
CAPE CORAL-FORT MYERS, FL (FHA\|USDA\|VA)	1	$155,000	$155,000	$4,619	5.00%
ELIZABETHTOWN-FORT KNOX, KY (FHA\|USDA\|VA)	1	$155,000	$155,000	$4,117	3.50%
Mitchell, SD (FHA\|USDA\|VA)	1	$145,000	$145,000	$10,176	3.50%
LONGVIEW, TX (FHA\|USDA\|VA)	1	$145,000	$145,000	$7,161	5.13%
LEXINGTON-FAYETTE, KY (FHA\|USDA\|VA)	1	$145,000	$145,000	$7,516	4.50%
Klamath Falls, OR (FHA\|USDA\|VA)	1	$145,000	$145,000	$7,765	4.25%
Jacksonville, TX (FHA\|USDA\|VA)	1	$145,000	$145,000	$7,603	5.63%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA\|USDA\|VA)	1	$145,000	$145,000	$5,194	4.63%
Gillette, WY (FHA\|USDA\|VA)	1	$145,000	$145,000	$2,747	4.88%
Detroit-Warren-Dearborn, MI (FHA\|USDA\|VA)	1	$145,000	$145,000	$2,727	3.63%
Bardstown, KY (FHA\|USDA\|VA)	1	$145,000	$145,000	$6,456	4.50%
Salem, OH (FHA\|USDA\|VA)	1	$135,000	$135,000	$4,986	4.13%
HOT SPRINGS, AR (FHA\|USDA\|VA)	1	$135,000	$135,000	$3,967	3.50%
Arkadelphia, AR (FHA\|USDA\|VA)	1	$135,000	$135,000	$4,222	3.13%
Jasper, IN (FHA\|USDA\|VA)	1	$125,000	$125,000	$4,467	4.88%
BATON ROUGE, LA (FHA\|USDA\|VA)	1	$125,000	$125,000	$5,023	4.63%
AMES, IA (FHA\|USDA\|VA)	1	$125,000	$125,000	$4,228	4.13%
Burlington, IA-IL (FHA\|USDA\|VA)	2	$120,000	$60,000	$4,903	4.88%
North Port-Sarasota-Bradenton, FL (FHA\|USDA\|VA)	1	$115,000	$115,000	$3,423	5.13%
West Plains, MO (FHA\|USDA\|VA)	1	$115,000	$115,000	$3,536	4.00%
Seymour, IN (FHA\|USDA\|VA)	1	$105,000	$105,000	$4,320	5.63%
Natchez, MS-LA (FHA\|USDA\|VA)	2	$100,000	$50,000	$5,490	4.44%
Pierre, SD (FHA\|USDA\|VA)	1	$95,000	$95,000	$3,795	4.13%
LAFAYETTE-WEST LAFAYETTE, IN (FHA\|USDA\|VA)	1	$85,000	$85,000	$0	0.00%
Paris, TN (FHA\|USDA\|VA)	1	$85,000	$85,000	$115	5.63%
Pittsburg, KS (FHA\|USDA\|VA)	1	$85,000	$85,000	$3,018	4.38%
Blackfoot, ID (FHA\|USDA\|VA)	1	$85,000	$85,000	$2,604	4.75%
Marshall, MN (FHA\|USDA\|VA)	1	$85,000	$85,000	$5,518	4.63%
Farmington, MO (FHA\|USDA\|VA)	1	$75,000	$75,000	$4,195	5.13%
Sterling, IL (FHA\|USDA\|VA)	1	$75,000	$75,000	$2,575	4.63%
McComb, MS (FHA\|USDA\|VA)	1	$75,000	$75,000	$3,110	4.63%
Fairmont, MN (FHA\|USDA\|VA)	1	$75,000	$75,000	$5,440	4.50%
Washington, IN (FHA\|USDA\|VA)	1	$65,000	$65,000	$3,560	5.25%
Blytheville, AR (FHA\|USDA\|VA)	1	$65,000	$65,000	$0	4.88%
CLARKSVILLE, TN-KY (FHA\|USDA\|VA)	1	$65,000	$65,000	$4,241	5.00%
TERRE HAUTE, IN (FHA\|USDA\|VA)	1	$65,000	$65,000	$3,313	5.13%
SOUTH BEND-MISHAWAKA, IN-MI (FHA\|USDA\|VA)	1	$65,000	$65,000	$3,095	4.75%
Albert Lea, MN (FHA\|USDA\|VA)	1	$55,000	$55,000	$0	4.25%
New Castle, IN (FHA\|USDA\|VA)	1	$55,000	$55,000	$4,221	5.63%

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

Their top states include:

Illinois (FHA|USDA|VA)

Missouri (FHA|USDA|VA)

Colorado (FHA|USDA|VA)

Indiana (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	913	$163,065,000	$178,604	$2,860	4.33%
USDA	506	$54,230,000	$107,174	$4,856	4.43%
FHA	478	$62,740,000	$131,255	$6,218	4.78%
VA	144	$27,600,000	$191,667	$4,189	4.44%

For 2019, Flanagan State Bank's most frequently originated type of loan was Conventional, with 913 originations. Their 2nd most popular type was USDA, with 506 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	1,487	$203,005,000	$136,520	$4,611	4.55%
Refi	331	$67,615,000	$204,275	$2,987	4.06%
Cash Out Refi	223	$37,015,000	$165,987	$3,951	4.47%

For 2019, Flanagan State Bank's most frequently cited loan purpose was Home Purchase, with 1,487 originations. The 2nd most popular reason was Refi, with 331 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
30 Year	1,834	$277,140,000	$151,112	$4,437	4.47%
15 Year	114	$17,410,000	$152,719	$2,887	3.82%
Other	47	$6,175,000	$131,383	$1,542	5.64%
20 Year	29	$5,505,000	$189,828	$3,614	4.09%
1 Year	9	$755,000	$83,889	$1,008	6.11%
10 Year	4	$410,000	$102,500	$2,742	3.50%
5 Year	4	$240,000	$60,000	$632	6.19%

For 2019, Flanagan State Bank's most frequently cited loan duration was 30 Year, with 1,834 originations. The 2nd most popular length was 15 Year, with 114 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$1k-2k	694	$105,720,000	$152,334
$<1k	537	$88,125,000	$164,106
$2k-3k	415	$53,675,000	$129,337
$3k-4k	186	$25,210,000	$135,538
$4k-5k	84	$13,930,000	$165,833
$5k+	67	$14,415,000	$215,149

Flanagan State Bank's average total fees were $4,437, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 694 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
4-5%	1,040	$149,880,000	$144,115
3-4%	597	$110,545,000	$185,168
5-6%	373	$44,245,000	$118,619
6-7%	18	$1,460,000	$81,111
2.5-3%	8	$1,260,000	$157,500
Over 8%	2	$90,000	$45,000
7-8%	1	$25,000	$25,000

During 2019, Flanagan State Bank's average interest rate for loans was 4.47%, while their most frequently originated rate bucket for loans was 4-5%, with 1,040 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-200k	855	$122,365,000	$143,117	$4,434	4.40%
$100,000 or less	709	$51,015,000	$71,953	$3,851	4.70%
$200k-400k	437	$116,215,000	$265,938	$4,582	4.24%
$400k-600k	39	$17,325,000	$444,231	$4,401	4.24%
$600k-1MM	1	$715,000	$715,000	$15,368	3.88%

2019 saw Flanagan State Bank place emphasis on $100k-200k loans with 855 originations, totaling $122,365,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k or less	761	$72,775,000	$95,631	$4,304	4.54%
$50k-75k	580	$84,910,000	$146,397	$4,443	4.47%
$75k-100k	313	$57,855,000	$184,840	$4,319	4.40%
$100k-150k	245	$55,205,000	$225,327	$4,090	4.37%
$150k-250k	80	$20,280,000	$253,500	$3,673	4.32%
$250k+	27	$8,785,000	$325,370	$3,941	4.51%

Flanagan State Bank lent most frequently to those with incomes in the $50k or less range, with 761 originations. The second most popular income band? $50k-75k, with 580 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-30%	446	$62,500,000	$140,135	$3,772	4.41%
30-36%	421	$62,505,000	$148,468	$4,217	4.46%
<20%	124	$14,750,000	$118,952	$3,127	4.33%
50-60%	111	$17,035,000	$153,468	$6,278	4.63%
40%	102	$14,150,000	$138,725	$4,342	4.47%
38%	90	$12,860,000	$142,889	$4,470	4.59%
37%	88	$13,350,000	$151,705	$4,427	4.48%
39%	81	$11,905,000	$146,975	$4,469	4.56%
36%	78	$10,310,000	$132,179	$4,844	4.51%
42%	69	$10,645,000	$154,275	$4,129	4.45%
45%	61	$10,305,000	$168,934	$4,259	4.36%
41%	60	$11,090,000	$184,833	$4,282	4.56%
43%	57	$10,495,000	$184,123	$4,295	4.52%
44%	56	$9,960,000	$177,857	$4,229	4.42%
49%	50	$8,720,000	$174,400	$4,409	4.44%
48%	45	$7,545,000	$167,667	$4,441	4.53%
46%	43	$7,615,000	$177,093	$5,143	4.44%
47%	33	$5,475,000	$165,909	$5,329	4.62%
>60%	1	$425,000	$425,000	$17,499	5.63%

Flanagan State Bank lent most frequently to those with DTI ratios of 20-30%, with 446 originations. The next most common DTI ratio? 30-36%, with 421 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	1,908	$288,220,000	$151,059	$4,246	4.46%
Black	68	$8,850,000	$130,147	$5,399	4.53%
Not provided	42	$6,540,000	$155,714	$3,902	4.33%
Asian	10	$1,760,000	$176,000	$3,944	4.74%
Not applicable	4	$830,000	$207,500	$0	5.88%
American Indian	5	$715,000	$143,000	$4,076	4.08%
Other Asian	1	$325,000	$325,000	$0	6.25%
Native Hawaiian or Islander	2	$310,000	$155,000	$4,565	4.56%
Asian Indian	1	$85,000	$85,000	$1,079	4.25%

Approval Rates

Total approvals of all applications
86.27%

Flanagan State Bank has an average approval rate.

Pick Rate

Approvals leading to origination
75.55%

Flanagan State Bank has a below average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
NA	2,041	$307,635,000	$150,728

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	4	$1,520,000	$380,000
Single Family (1-4 Units):Manufactured	58	$7,490,000	$129,138
Single Family (1-4 Units):Site-Built	1,979	$298,625,000	$150,897

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	32	$2,730,000	$85,313	$1,758	4.89%
40-60%	75	$12,345,000	$164,600	$2,546	4.20%
60-80%	373	$69,625,000	$186,662	$3,286	4.28%
80-100%	1,514	$214,830,000	$141,896	$4,603	4.51%
Over 100%	40	$7,810,000	$195,250	$5,943	4.59%
Under 20%	6	$210,000	$35,000	$1,045	6.02%

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	$35,159
Flanagan State Bank	208 East Gridley Road Gridley, IL 61744	Full Service B&M	$12,792
Flanagan State Bank	2401 East Washington Street Bloomington, IL 61704	Full Service B&M	$22,065
Flanagan State Bank	301 West Falcon Highway Flanagan, IL 61740	Full Service B&M	$49,955
Flanagan State Bank	403 State Street Benson, IL 61516	Full Service B&M	$17,180
Flanagan State Bank	500 S Persimmon St Le Roy, IL 61752	Full Service B&M	$23,187

For 2019, Flanagan State Bank had 6 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$7,224
Net interest income	$6,066
Total noninterest income	$19,100
Gross Fiduciary activities income	$67
Service charges on deposit accounts	$265
Trading account gains and fees	$0
Additional Noninterest Income	$18,768
Pre-tax net operating income	$3,213
Securities gains (or losses, -)	$-45
Income before extraordinary items	$3,149
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$3,149
Minority interest net income	$0
Net income	$3,149
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$3,193

Flanagan State Bank's gross interest income from loans was $7,224,000.
Flanagan State Bank's net interest income from loans was $6,066,000.
Flanagan State Bank's fee based income from loans was $265,000.
Flanagan State Bank's net income from loans was $3,149,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$1,158
Provision for credit losses	$395
Total noninterest expense	$21,558
Salaries and employee benefits	$13,724
Premises and equipment expense	$1,616
Additional noninterest expense	$6,218
Applicable income taxes	$19
Net charge-offs	$613
Cash dividends	$1,600

Flanagan State Bank's interest expense for loans was $1,158,000.
Flanagan State Bank's payroll and benefits expense were $13,724,000.
Flanagan State Bank's property, plant and equipment expenses $1,616,000.

Loan Performance

Type of Loan	% of Loans Noncurrent (30+ days, end of period snapshot)
All loans	1.0%
Real Estate loans	1.0%
Construction & Land Development loans	8.0%
Nonfarm, nonresidential loans	5.0%
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	$168,303
Deposits held in domestic offices	$168,303
Deposits by Individuals, partnerships, and corporations	$155,320
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$12,983
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	$61,941
Demand deposits	$61,927
Nontransaction accounts	$106,362
Money market deposit accounts (MMDAs)	$32,818
Other savings deposits (excluding MMDAs)	$19,701
Total time deposits	$53,843
Total time and savings deposits	$106,376
Noninterest-bearing deposits	$32,226
Interest-bearing deposits	$136,077
Retail deposits	$165,330
IRAs and Keogh plan accounts	$5,325
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$191,043
Cash & Balances due from depository institutions	$8,260
Interest-bearing balances	$2,051
Total securities	$43,654
Federal funds sold & reverse repurchase	$1,886
Net loans and leases	$124,208
Loan and leases loss allowance	$551
Trading account assets	$0
Bank premises and fixed assets	$7,467
Other real estate owned	$160
Goodwill and other intangibles	$1,629
All other assets	$3,779

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$191,043
Total Liabilities	$170,678
Total deposits	$168,303
Interest-bearing deposits	$136,077
Deposits held in domestic offices	$168,303
% insured (estimated)	$89
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$0
Subordinated debt	$0
All other liabilities	$2,375

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$124,208
Loan and leases loss allowance	$551
Total loans and leases (domestic)	$124,759
All real estate loans	$85,691
Real estate loans in domestic offices	$85,691
Construction and development loans	$6,445
Residential 1-4 family construction	$1,358
Other construction, all land development and other land	$5,087
Loans secured by nonfarm nonresidential properties	$9,058
Nonfarm nonresidential secured by owner-occupied properties	$6,392
Commercial real estate & other non-farm, non-residential	$2,666
Multifamily residential real estate	$2,324
1-4 family residential loans	$48,229
Farmland loans	$19,635
Loans held in foreign offices	$0
Farm loans	$24,473
Commercial and industrial loans	$8,669
To non-U.S. addressees	$0
Loans to individuals	$4,396
Credit card loans	$30
Related Plans	$0
Consumer Auto Loans	$2,067
Other loans to individuals	$2,299
All other loans & leases	$1,530
Loans to foreign governments and official institutions	$0
Other loans	$835
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	$263
Non 1-4 family restructured loans & leases	$92
Total loans and leases (foreign)	$0

Flanagan State Bank had $124,208,000 of loans outstanding in 2019. $85,691,000 of loans were in real estate loans. $6,445,000 of loans were in development loans. $2,324,000 of loans were in multifamily mortgage loans. $48,229,000 of loans were in 1-4 family mortgage loans. $24,473,000 of loans were in farm loans. $30,000 of loans were in credit card loans. $2,067,000 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	56	$6,209	$110,875
Nonfarm, nonresidential loans - <$100k	37	$1,708	$46,162
Nonfarm, nonresidential loans - $100-250k	11	$1,621	$147,364
Nonfarm, nonresidential loans - $250k-1MM	8	$2,880	$360,000
Commercial & Industrial, US addressed loans - <$1MM	62	$5,803	$93,597
Commercial & Industrial, US addressed loans - <$100k	41	$1,340	$32,683
Commercial & Industrial, US addressed loans - $100-250k	11	$1,238	$112,545
Commercial & Industrial, US addressed loans - $250k-1MM	10	$3,225	$322,500
Farmland loans - <$1MM	95	$12,295	$129,421
Farmland loans - <$100k	14	$465	$33,214
Farmland loans - $100-250k	56	$5,254	$93,821
Farmland loans - $250k-1MM	25	$6,576	$263,040
Agriculture operations loans - <$1MM	127	$13,120	$103,307
Agriculture operations loans - <$100k	61	$1,736	$28,459
Agriculture operations loans - $100-250k	38	$4,754	$125,105
Agriculture operations loans - $250k-1MM	28	$6,630	$236,786