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, Peoria, and Sioux Falls among others. We have data for 168 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

3,028

Origination Dollar Volume (All Markets)

$526,150,000

Employee count

171

Awards

Flanagan State Bank 30 Year Conventional Loans gold

Flanagan State Bank 30 Year Conventional Loans silver

Flanagan State Bank 30 Year Conventional Loans bronze

Show all (18) 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	528	$77,950,000	$147,633	$4,552	3.29%
Chicago-Naperville-Elgin, IL-IN-WI (FHA\|USDA\|VA)	348	$76,470,000	$219,741	$3,267	3.19%
BLOOMINGTON, IL (FHA\|USDA\|VA)	359	$55,055,000	$153,357	$1,014	3.03%
Durango, CO (FHA\|USDA\|VA)	89	$28,105,000	$315,787	$4,074	3.18%
PEORIA, IL (FHA\|USDA\|VA)	188	$25,830,000	$137,394	$1,641	3.11%
SIOUX FALLS, SD (FHA\|USDA\|VA)	76	$19,160,000	$252,105	$7,065	3.13%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA\|USDA\|VA)	82	$15,880,000	$193,659	$3,319	3.05%
Bedford, IN (FHA\|USDA\|VA)	113	$14,685,000	$129,956	$4,100	3.46%
GRAND JUNCTION, CO (FHA\|USDA\|VA)	49	$14,395,000	$293,776	$4,038	3.26%
Bozeman, MT (FHA\|USDA\|VA)	41	$14,185,000	$345,976	$2,985	3.37%
Poplar Bluff, MO (FHA\|USDA\|VA)	113	$13,645,000	$120,752	$5,115	3.19%
KANKAKEE, IL (FHA\|USDA\|VA)	81	$13,435,000	$165,864	$3,584	3.24%
Rock Springs, WY (FHA\|USDA\|VA)	51	$12,325,000	$241,667	$4,324	3.32%
Sikeston, MO (FHA\|USDA\|VA)	74	$9,230,000	$124,730	$6,134	3.32%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA\|USDA\|VA)	64	$9,210,000	$143,906	$3,699	3.20%
MADISON, WI (FHA\|USDA\|VA)	35	$8,205,000	$234,429	$3,947	3.33%
DES MOINES-WEST DES MOINES, IA (FHA\|USDA\|VA)	35	$6,965,000	$199,000	$6,370	3.31%
Pontiac, IL (FHA\|USDA\|VA)	52	$6,390,000	$122,885	$1,091	3.25%
ST. JOSEPH, MO-KS (FHA\|USDA\|VA)	30	$4,870,000	$162,333	$4,643	3.47%
JOPLIN, MO (FHA\|USDA\|VA)	33	$4,775,000	$144,697	$3,423	3.24%
READING, PA (FHA\|USDA\|VA)	39	$4,125,000	$105,769	$7,013	3.43%
Brookings, SD (FHA\|USDA\|VA)	18	$3,610,000	$200,556	$5,699	2.90%
Spencer, IA (FHA\|USDA\|VA)	22	$3,220,000	$146,364	$4,605	3.43%
SPRINGFIELD, MO (FHA\|USDA\|VA)	14	$3,070,000	$219,286	$2,852	3.02%
Maryville, MO (FHA\|USDA\|VA)	23	$2,925,000	$127,174	$4,276	3.48%
Montrose, CO (FHA\|USDA\|VA)	11	$2,795,000	$254,091	$3,683	3.33%
Storm Lake, IA (FHA\|USDA\|VA)	17	$2,555,000	$150,294	$5,212	3.15%
DENVER-AURORA-LAKEWOOD, CO (FHA\|USDA\|VA)	6	$2,390,000	$398,333	$3,165	3.29%
Rochelle, IL (FHA\|USDA\|VA)	14	$2,350,000	$167,857	$4,507	3.43%
Platteville, WI (FHA\|USDA\|VA)	18	$2,320,000	$128,889	$4,673	3.10%
FORT COLLINS, CO (FHA\|USDA\|VA)	5	$2,205,000	$441,000	$3,762	3.00%
CARBONDALE-MARION, IL (FHA\|USDA\|VA)	16	$2,190,000	$136,875	$2,519	3.34%
Ottawa, IL (FHA\|USDA\|VA)	14	$1,870,000	$133,571	$3,153	3.13%
Freeport, IL (FHA\|USDA\|VA)	17	$1,755,000	$103,235	$4,637	3.45%
Kennett, MO (FHA\|USDA\|VA)	17	$1,745,000	$102,647	$5,647	3.04%
PHOENIX-MESA-CHANDLER, AZ (FHA\|USDA\|VA)	7	$1,605,000	$229,286	$3,301	3.32%
KANSAS CITY, MO-KS (FHA\|USDA\|VA)	7	$1,485,000	$212,143	$2,661	3.29%
CAPE GIRARDEAU, MO-IL (FHA\|USDA\|VA)	9	$1,385,000	$153,889	$7,873	3.22%
SPRINGFIELD, IL (FHA\|USDA\|VA)	11	$1,375,000	$125,000	$2,852	3.42%
Aberdeen, SD (FHA\|USDA\|VA)	5	$1,355,000	$271,000	$8,782	3.28%
Macomb, IL (FHA\|USDA\|VA)	18	$1,300,000	$72,222	$4,042	3.58%
Spirit Lake, IA (FHA\|USDA\|VA)	6	$1,210,000	$201,667	$6,192	2.94%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA\|USDA\|VA)	4	$1,210,000	$302,500	$3,293	3.19%
BLOOMINGTON, IN (FHA\|USDA\|VA)	7	$1,135,000	$162,143	$4,208	3.66%
BAKERSFIELD, CA (FHA\|USDA\|VA)	5	$1,125,000	$225,000	$3,716	3.18%
Baraboo, WI (FHA\|USDA\|VA)	8	$1,120,000	$140,000	$2,571	3.33%
Malvern, AR (FHA\|USDA\|VA)	10	$1,100,000	$110,000	$3,401	3.46%
Butte-Silver Bow, MT (FHA\|USDA\|VA)	5	$1,075,000	$215,000	$3,501	3.58%
Yankton, SD (FHA\|USDA\|VA)	7	$1,065,000	$152,143	$6,071	3.20%
NEW ORLEANS-METAIRIE, LA (FHA\|USDA\|VA)	4	$1,000,000	$250,000	$8,455	3.22%
Kalispell, MT (FHA\|USDA\|VA)	2	$1,000,000	$500,000	$4,453	2.88%
Natchez, MS-LA (FHA\|USDA\|VA)	10	$960,000	$96,000	$4,769	3.23%
FARMINGTON, NM (FHA\|USDA\|VA)	5	$925,000	$185,000	$3,632	2.88%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA\|USDA\|VA)	3	$895,000	$298,333	$3,253	3.21%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA\|USDA\|VA)	3	$875,000	$291,667	$3,358	2.92%
Lincoln, IL (FHA\|USDA\|VA)	8	$870,000	$108,750	$2,657	3.70%
ST. LOUIS, MO-IL (FHA\|USDA\|VA)	6	$850,000	$141,667	$1,871	3.23%
Spearfish, SD (FHA\|USDA\|VA)	3	$835,000	$278,333	$8,071	3.00%
Helena, MT (FHA\|USDA\|VA)	3	$815,000	$271,667	$3,374	3.04%
CHAMPAIGN-URBANA, IL (FHA\|USDA\|VA)	6	$780,000	$130,000	$2,868	3.15%
GREELEY, CO (FHA\|USDA\|VA)	2	$780,000	$390,000	$3,042	3.00%
PENSACOLA-FERRY PASS-BRENT, FL (FHA\|USDA\|VA)	4	$720,000	$180,000	$3,070	2.75%
Palestine, TX (FHA\|USDA\|VA)	4	$710,000	$177,500	$9,563	3.63%
Dixon, IL (FHA\|USDA\|VA)	5	$665,000	$133,000	$4,037	3.10%
WATERLOO-CEDAR FALLS, IA (FHA\|USDA\|VA)	4	$610,000	$152,500	$6,852	2.84%
LOUISVILLE, KY (FHA\|USDA\|VA)	3	$605,000	$201,667	$6,301	3.63%
Galesburg, IL (FHA\|USDA\|VA)	6	$600,000	$100,000	$4,493	3.75%
Evanston, WY (FHA\|USDA\|VA)	2	$530,000	$265,000	$5,735	3.69%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA\|USDA\|VA)	1	$525,000	$525,000	$1,512	3.13%
Campbellsville, KY (FHA\|USDA\|VA)	4	$500,000	$125,000	$5,321	3.47%
RAPID CITY, SD (FHA\|USDA\|VA)	2	$500,000	$250,000	$5,818	3.06%
DECATUR, IL (FHA\|USDA\|VA)	6	$490,000	$81,667	$2,796	3.50%
MILWAUKEE-WAUKESHA, WI (FHA\|USDA\|VA)	2	$470,000	$235,000	$5,348	3.50%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA\|USDA\|VA)	1	$435,000	$435,000	$5,371	3.00%
Washington, IN (FHA\|USDA\|VA)	3	$435,000	$145,000	$3,583	3.33%
Muscatine, IA (FHA\|USDA\|VA)	4	$420,000	$105,000	$3,699	3.16%
TUCSON, AZ (FHA\|USDA\|VA)	1	$415,000	$415,000	$4,587	2.88%
BATON ROUGE, LA (FHA\|USDA\|VA)	3	$415,000	$138,333	$5,130	3.79%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA\|USDA\|VA)	2	$410,000	$205,000	$7,421	3.06%
Athens, TX (FHA\|USDA\|VA)	2	$400,000	$200,000	$7,422	4.00%
Crawfordsville, IN (FHA\|USDA\|VA)	2	$400,000	$200,000	$3,471	3.13%
OKLAHOMA CITY, OK (FHA\|USDA\|VA)	2	$390,000	$195,000	$9,101	3.06%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA\|USDA\|VA)	3	$385,000	$128,333	$4,494	3.46%
SAVANNAH, GA (FHA\|USDA\|VA)	2	$380,000	$190,000	$6,244	3.19%
JEFFERSON CITY, MO (FHA\|USDA\|VA)	2	$370,000	$185,000	$7,460	3.50%
Dallas-Fort Worth-Arlington, TX (FHA\|USDA\|VA)	2	$370,000	$185,000	$2,773	2.75%
COLORADO SPRINGS, CO (FHA\|USDA\|VA)	1	$365,000	$365,000	$1,968	3.00%
Huron, SD (FHA\|USDA\|VA)	2	$360,000	$180,000	$7,015	3.25%
Uvalde, TX (FHA\|USDA\|VA)	1	$355,000	$355,000	$3,951	3.63%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA\|USDA\|VA)	1	$355,000	$355,000	$3,554	2.75%
ALBUQUERQUE, NM (FHA\|USDA\|VA)	1	$345,000	$345,000	$4,810	2.88%
Lufkin, TX (FHA\|USDA\|VA)	2	$330,000	$165,000	$5,842	3.25%
Williston, ND (FHA\|USDA\|VA)	1	$315,000	$315,000	$5,280	3.50%
Brookhaven, MS (FHA\|USDA\|VA)	3	$315,000	$105,000	$5,447	4.00%
AUBURN-OPELIKA, AL (FHA\|USDA\|VA)	1	$315,000	$315,000	$2,016	3.13%
Jacksonville, TX (FHA\|USDA\|VA)	3	$315,000	$105,000	$5,090	2.96%
CHEYENNE, WY (FHA\|USDA\|VA)	1	$315,000	$315,000	$3,805	2.88%
Taos, NM (FHA\|USDA\|VA)	1	$305,000	$305,000	$5,157	3.88%
BIRMINGHAM-HOOVER, AL (FHA\|USDA\|VA)	1	$305,000	$305,000	$2,760	3.00%
Fort Morgan, CO (FHA\|USDA\|VA)	1	$295,000	$295,000	$2,582	3.13%
Pittsburg, KS (FHA\|USDA\|VA)	3	$295,000	$98,333	$3,725	3.67%
POCATELLO, ID (FHA\|USDA\|VA)	1	$295,000	$295,000	$2,308	3.13%
ROCKFORD, IL (FHA\|USDA\|VA)	2	$290,000	$145,000	$5,959	3.13%
AMES, IA (FHA\|USDA\|VA)	1	$285,000	$285,000	$8,147	3.00%
Clinton, IA (FHA\|USDA\|VA)	2	$280,000	$140,000	$5,293	3.50%
BISMARCK, ND (FHA\|USDA\|VA)	1	$265,000	$265,000	$2,373	3.13%
Beaver Dam, WI (FHA\|USDA\|VA)	2	$260,000	$130,000	$4,399	3.19%
HUNTSVILLE, AL (FHA\|USDA\|VA)	1	$255,000	$255,000	$6,981	3.13%
LA CROSSE-ONALASKA, WI-MN (FHA\|USDA\|VA)	1	$255,000	$255,000	$6,356	3.38%
Seymour, IN (FHA\|USDA\|VA)	2	$250,000	$125,000	$3,615	3.81%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA\|USDA\|VA)	1	$245,000	$245,000	$3,553	3.50%
CASPER, WY (FHA\|USDA\|VA)	1	$235,000	$235,000	$2,216	3.38%
Paducah, KY-IL (FHA\|USDA\|VA)	1	$235,000	$235,000	$3,137	3.25%
JACKSON, MS (FHA\|USDA\|VA)	1	$235,000	$235,000	$12,676	3.00%
KNOXVILLE, TN (FHA\|USDA\|VA)	1	$225,000	$225,000	$2,702	2.63%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA\|USDA\|VA)	1	$225,000	$225,000	$3,359	3.00%
GREEN BAY, WI (FHA\|USDA\|VA)	1	$215,000	$215,000	$2,113	2.88%
TYLER, TX (FHA\|USDA\|VA)	1	$215,000	$215,000	$3,445	3.50%
PUNTA GORDA, FL (FHA\|USDA\|VA)	1	$205,000	$205,000	$3,887	3.00%
FRESNO, CA (FHA\|USDA\|VA)	1	$205,000	$205,000	$3,220	3.25%
Ruidoso, NM (FHA\|USDA\|VA)	1	$195,000	$195,000	$4,331	3.50%
HOT SPRINGS, AR (FHA\|USDA\|VA)	1	$195,000	$195,000	$5,350	3.00%
ST. GEORGE, UT (FHA\|USDA\|VA)	1	$195,000	$195,000	$3,312	3.25%
Rolla, MO (FHA\|USDA\|VA)	2	$190,000	$95,000	$5,033	3.38%
Plymouth, IN (FHA\|USDA\|VA)	1	$185,000	$185,000	$2,388	3.38%
THE VILLAGES, FL (FHA\|USDA\|VA)	1	$185,000	$185,000	$5,467	4.13%
DUBUQUE, IA (FHA\|USDA\|VA)	1	$175,000	$175,000	$1,662	3.13%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA\|USDA\|VA)	1	$175,000	$175,000	$5,169	3.13%
Sedalia, MO (FHA\|USDA\|VA)	1	$175,000	$175,000	$1,612	2.75%
BOULDER, CO (FHA\|USDA\|VA)	1	$175,000	$175,000	$2,901	2.50%
TULSA, OK (FHA\|USDA\|VA)	1	$175,000	$175,000	$12,296	3.13%
Farmington, MO (FHA\|USDA\|VA)	1	$175,000	$175,000	$6,516	2.50%
Fort Madison-Keokuk, IA-IL-MO (FHA\|USDA\|VA)	2	$170,000	$85,000	$4,096	3.31%
COLUMBIA, MO (FHA\|USDA\|VA)	1	$165,000	$165,000	$6,788	2.88%
MANHATTAN, KS (FHA\|USDA\|VA)	1	$155,000	$155,000	$2,978	3.50%
MUNCIE, IN (FHA\|USDA\|VA)	1	$155,000	$155,000	$4,208	2.38%
CEDAR RAPIDS, IA (FHA\|USDA\|VA)	2	$150,000	$75,000	$3,334	3.50%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA\|USDA\|VA)	1	$145,000	$145,000	$1,747	2.25%
Whitewater, WI (FHA\|USDA\|VA)	1	$145,000	$145,000	$1,450	2.63%
NILES, MI (FHA\|USDA\|VA)	1	$145,000	$145,000	$2,110	2.75%
IOWA CITY, IA (FHA\|USDA\|VA)	1	$145,000	$145,000	$2,033	3.13%
Glenwood Springs, CO (FHA\|USDA\|VA)	1	$145,000	$145,000	$4,169	3.50%
Taylorville, IL (FHA\|USDA\|VA)	2	$140,000	$70,000	$3,834	4.44%
FOND DU LAC, WI (FHA\|USDA\|VA)	1	$135,000	$135,000	$3,926	2.75%
SIOUX CITY, IA-NE-SD (FHA\|USDA\|VA)	1	$135,000	$135,000	$9,554	3.13%
WICHITA FALLS, TX (FHA\|USDA\|VA)	1	$135,000	$135,000	$5,812	4.63%
LONGVIEW, TX (FHA\|USDA\|VA)	1	$125,000	$125,000	$3,810	3.63%
Parsons, KS (FHA\|USDA\|VA)	1	$125,000	$125,000	$3,840	3.00%
KILLEEN-TEMPLE, TX (FHA\|USDA\|VA)	1	$125,000	$125,000	$2,966	3.38%
Burlington, IA-IL (FHA\|USDA\|VA)	2	$120,000	$60,000	$4,264	3.88%
Charleston-Mattoon, IL (FHA\|USDA\|VA)	1	$115,000	$115,000	$4,370	3.13%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA\|USDA\|VA)	1	$115,000	$115,000	$6,774	3.13%
JANESVILLE-BELOIT, WI (FHA\|USDA\|VA)	1	$115,000	$115,000	$0	4.00%
Mitchell, SD (FHA\|USDA\|VA)	1	$115,000	$115,000	$4,140	3.13%
Fairmont, MN (FHA\|USDA\|VA)	1	$115,000	$115,000	$5,786	3.13%
PINE BLUFF, AR (FHA\|USDA\|VA)	1	$105,000	$105,000	$1,942	3.00%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA\|USDA\|VA)	1	$105,000	$105,000	$2,647	2.75%
Jasper, IN (FHA\|USDA\|VA)	1	$105,000	$105,000	$2,382	3.25%
DECATUR, AL (FHA\|USDA\|VA)	1	$105,000	$105,000	$3,184	3.13%
Pierre, SD (FHA\|USDA\|VA)	1	$95,000	$95,000	$5,357	4.13%
Marshall, MN (FHA\|USDA\|VA)	1	$95,000	$95,000	$4,925	3.38%
Albert Lea, MN (FHA\|USDA\|VA)	2	$90,000	$45,000	$0	3.75%
McComb, MS (FHA\|USDA\|VA)	1	$85,000	$85,000	$3,195	3.00%
Carroll, IA (FHA\|USDA\|VA)	1	$75,000	$75,000	$4,880	3.63%
Jacksonville, IL (FHA\|USDA\|VA)	1	$65,000	$65,000	$2,877	3.13%
Albertville, AL (FHA\|USDA\|VA)	1	$55,000	$55,000	$2,704	2.13%
Urbana, OH (FHA\|USDA\|VA)	1	$55,000	$55,000	$2,866	4.50%
JONESBORO, AR (FHA\|USDA\|VA)	1	$55,000	$55,000	$4,403	3.63%

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

Their top states include:

Illinois (FHA|USDA|VA)

Missouri (FHA|USDA|VA)

Colorado (FHA|USDA|VA)

Iowa (FHA|USDA|VA)

Indiana (FHA|USDA|VA)

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Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	1,903	$360,755,000	$189,572	$2,559	3.17%
USDA	554	$65,110,000	$117,527	$5,171	3.34%
FHA	402	$61,640,000	$153,333	$6,869	3.37%
VA	169	$38,645,000	$228,669	$4,659	3.11%

For 2020, Flanagan State Bank's most frequently originated type of loan was Conventional, with 1,903 originations. Their 2nd most popular type was USDA, with 554 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	1,468	$227,340,000	$154,864	$4,863	3.35%
Refi	1,133	$220,035,000	$194,206	$2,522	3.01%
Cash Out Refi	427	$78,775,000	$184,485	$3,175	3.34%

For 2020, Flanagan State Bank's most frequently cited loan purpose was Home Purchase, with 1,468 originations. The 2nd most popular reason was Refi, with 1,133 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
30 Year	2,351	$416,775,000	$177,276	$4,195	3.29%
15 Year	429	$65,405,000	$152,459	$2,051	2.75%
Other	112	$19,440,000	$173,571	$2,121	3.70%
20 Year	110	$20,810,000	$189,182	$2,753	3.08%
10 Year	16	$2,200,000	$137,500	$1,493	2.81%
1 Year	7	$1,075,000	$153,571	$1,348	5.29%
5 Year	3	$445,000	$148,333	$2,927	4.67%

For 2020, Flanagan State Bank's most frequently cited loan duration was 30 Year, with 2,351 originations. The 2nd most popular length was 15 Year, with 429 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$1k-2k	1,032	$189,070,000	$183,207
$<1k	1,012	$181,430,000	$179,279
$2k-3k	433	$62,175,000	$143,591
$3k-4k	231	$36,485,000	$157,944
$4k-5k	126	$21,770,000	$172,778
$5k+	126	$28,080,000	$222,857

Flanagan State Bank's average total fees were $4,195, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,032 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
3-4%	1,465	$252,335,000	$172,242
2.5-3%	1,068	$205,200,000	$192,135
<2.5%	251	$37,925,000	$151,096
4-5%	222	$29,030,000	$130,766
5-6%	16	$1,470,000	$91,875
6-7%	6	$190,000	$31,667

During 2020, Flanagan State Bank's average interest rate for loans was 3.29%, while their most frequently originated rate bucket for loans was 3-4%, with 1,465 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-200k	1,343	$194,065,000	$144,501	$3,738	3.18%
$200k-400k	859	$234,525,000	$273,021	$4,034	3.16%
$100,000 or less	733	$54,355,000	$74,154	$3,400	3.40%
$400k-600k	92	$42,520,000	$462,174	$3,739	3.15%
$600k-1MM	1	$685,000	$685,000	$19,363	3.50%

2020 saw Flanagan State Bank place emphasis on $100k-200k loans with 1,343 originations, totaling $194,065,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k or less	817	$85,525,000	$104,682	$4,086	3.32%
$50k-75k	743	$116,495,000	$156,790	$4,113	3.27%
$75k-100k	544	$105,330,000	$193,621	$3,985	3.22%
$100k-150k	509	$112,675,000	$221,365	$3,074	3.16%
$150k-250k	245	$63,955,000	$261,041	$2,833	3.08%
$250k+	57	$18,365,000	$322,193	$2,540	3.10%

Flanagan State Bank lent most frequently to those with incomes in the $50k or less range, with 817 originations. The second most popular income band? $50k-75k, with 743 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-30%	768	$129,170,000	$168,190	$3,217	3.19%
30-36%	578	$97,790,000	$169,187	$3,836	3.26%
<20%	315	$45,525,000	$144,524	$2,516	3.06%
39%	124	$19,780,000	$159,516	$4,016	3.42%
38%	107	$18,865,000	$176,308	$4,262	3.25%
40%	103	$17,725,000	$172,087	$4,565	3.30%
50-60%	102	$20,010,000	$196,176	$6,651	3.23%
41%	100	$17,550,000	$175,500	$4,265	3.15%
42%	95	$16,855,000	$177,421	$3,775	3.26%
43%	95	$16,665,000	$175,421	$3,876	3.30%
44%	91	$17,445,000	$191,703	$3,878	3.34%
37%	89	$17,175,000	$192,978	$4,760	3.28%
36%	89	$15,635,000	$175,674	$3,888	3.34%
45%	72	$13,620,000	$189,167	$4,161	3.24%
49%	63	$12,855,000	$204,048	$3,735	3.35%
47%	61	$11,915,000	$195,328	$4,171	3.21%
48%	46	$10,590,000	$230,217	$4,464	3.23%
46%	45	$8,565,000	$190,333	$4,020	3.23%
>60%	3	$325,000	$108,333	$3,193	3.83%

Flanagan State Bank lent most frequently to those with DTI ratios of 20-30%, with 768 originations. The next most common DTI ratio? 30-36%, with 578 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	2,878	$502,290,000	$174,527	$3,748	3.23%
Black	71	$10,925,000	$153,873	$5,133	3.29%
Not provided	54	$8,200,000	$151,852	$2,113	3.10%
Asian	21	$4,415,000	$210,238	$3,258	3.10%
Asian Indian	1	$135,000	$135,000	$678	2.50%
American Indian	1	$85,000	$85,000	$5,515	2.38%
Filipino	1	$65,000	$65,000	$5,657	3.63%
Not applicable	1	$35,000	$35,000	$0	4.75%

Approval Rates

Total approvals of all applications
87.71%

Flanagan State Bank has an average approval rate.

Pick Rate

Approvals leading to origination
68.56%

Flanagan State Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

Points and Fees

Points	Originations	Total Value	Average Loan
NA	3,028	$526,150,000	$173,762

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	1	$95,000	$95,000
Single Family (1-4 Units):Manufactured	62	$9,310,000	$150,161
Single Family (1-4 Units):Site-Built	2,965	$516,745,000	$174,282

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	61	$7,415,000	$121,557	$1,969	3.16%
40-60%	242	$39,150,000	$161,777	$2,248	2.91%
60-80%	941	$187,155,000	$198,889	$2,621	3.15%
80-100%	1,714	$278,100,000	$162,252	$4,553	3.31%
Over 100%	35	$8,175,000	$233,571	$7,773	3.41%
Under 20%	11	$485,000	$44,091	$1,103	4.44%

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	$41,823
Flanagan State Bank	208 East Gridley Road Gridley, IL 61744	Full Service B&M	$16,917
Flanagan State Bank	2401 East Washington Street Bloomington, IL 61704	Full Service B&M	$23,371
Flanagan State Bank	301 West Falcon Highway Flanagan, IL 61740	Full Service B&M	$55,826
Flanagan State Bank	403 State Street Benson, IL 61516	Full Service B&M	$19,194
Flanagan State Bank	500 S Persimmon St Le Roy, IL 61752	Full Service B&M	$26,979

For 2020, Flanagan State Bank had 6 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$6,837
Net interest income	$5,674
Total noninterest income	$33,969
Gross Fiduciary activities income	$66
Service charges on deposit accounts	$212
Trading account gains and fees	$0
Additional Noninterest Income	$33,691
Pre-tax net operating income	$8,769
Securities gains (or losses, -)	$0
Income before extraordinary items	$8,717
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$8,717
Minority interest net income	$0
Net income	$8,717
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$8,717

Flanagan State Bank's gross interest income from loans was $6,837,000.
Flanagan State Bank's net interest income from loans was $5,674,000.
Flanagan State Bank's fee based income from loans was $212,000.
Flanagan State Bank's net income from loans was $8,717,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$1,163
Provision for credit losses	$700
Total noninterest expense	$30,174
Salaries and employee benefits	$18,111
Premises and equipment expense	$1,606
Additional noninterest expense	$10,457
Applicable income taxes	$52
Net charge-offs	$276
Cash dividends	$3,515

Flanagan State Bank's interest expense for loans was $1,163,000.
Flanagan State Bank's payroll and benefits expense were $18,111,000.
Flanagan State Bank's property, plant and equipment expenses $1,606,000.

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	2.0%
Nonfarm, nonresidential loans	7.0%
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	$197,676
Deposits held in domestic offices	$197,676
Deposits by Individuals, partnerships, and corporations	$182,817
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$14,762
Deposits by Commercial banks and other depository institutions in U.S.	$97
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$75,494
Demand deposits	$75,486
Nontransaction accounts	$122,182
Money market deposit accounts (MMDAs)	$40,580
Other savings deposits (excluding MMDAs)	$28,063
Total time deposits	$53,539
Total time and savings deposits	$122,190
Noninterest-bearing deposits	$44,623
Interest-bearing deposits	$153,053
Retail deposits	$194,730
IRAs and Keogh plan accounts	$5,632
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$229,320
Cash & Balances due from depository institutions	$11,646
Interest-bearing balances	$6,299
Total securities	$64,710
Federal funds sold & reverse repurchase	$17,111
Net loans and leases	$122,203
Loan and leases loss allowance	$975
Trading account assets	$0
Bank premises and fixed assets	$7,517
Other real estate owned	$68
Goodwill and other intangibles	$1,761
All other assets	$4,304

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$229,320
Total Liabilities	$202,283
Total deposits	$197,676
Interest-bearing deposits	$153,053
Deposits held in domestic offices	$197,676
% insured (estimated)	$88
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$0
Subordinated debt	$0
All other liabilities	$4,607

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$122,203
Loan and leases loss allowance	$975
Total loans and leases (domestic)	$123,178
All real estate loans	$83,232
Real estate loans in domestic offices	$83,232
Construction and development loans	$8,992
Residential 1-4 family construction	$2,598
Other construction, all land development and other land	$6,394
Loans secured by nonfarm nonresidential properties	$8,062
Nonfarm nonresidential secured by owner-occupied properties	$5,572
Commercial real estate & other non-farm, non-residential	$2,490
Multifamily residential real estate	$1,246
1-4 family residential loans	$43,689
Farmland loans	$21,243
Loans held in foreign offices	$0
Farm loans	$23,563
Commercial and industrial loans	$11,210
To non-U.S. addressees	$0
Loans to individuals	$3,982
Credit card loans	$82
Related Plans	$0
Consumer Auto Loans	$1,841
Other loans to individuals	$2,059
All other loans & leases	$1,333
Loans to foreign governments and official institutions	$0
Other loans	$623
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	$183
Non 1-4 family restructured loans & leases	$83
Total loans and leases (foreign)	$0

Flanagan State Bank had $122,203,000 of loans outstanding in 2020. $83,232,000 of loans were in real estate loans. $8,992,000 of loans were in development loans. $1,246,000 of loans were in multifamily mortgage loans. $43,689,000 of loans were in 1-4 family mortgage loans. $23,563,000 of loans were in farm loans. $82,000 of loans were in credit card loans. $1,841,000 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	47	$5,308	$112,936
Nonfarm, nonresidential loans - <$100k	31	$1,443	$46,548
Nonfarm, nonresidential loans - $100-250k	9	$1,324	$147,111
Nonfarm, nonresidential loans - $250k-1MM	7	$2,541	$363,000
Commercial & Industrial, US addressed loans - <$1MM	202	$8,952	$44,317
Commercial & Industrial, US addressed loans - <$100k	172	$3,517	$20,448
Commercial & Industrial, US addressed loans - $100-250k	21	$2,822	$134,381
Commercial & Industrial, US addressed loans - $250k-1MM	9	$2,613	$290,333
Farmland loans - <$1MM	95	$12,095	$127,316
Farmland loans - <$100k	14	$470	$33,571
Farmland loans - $100-250k	56	$5,030	$89,821
Farmland loans - $250k-1MM	25	$6,595	$263,800
Agriculture operations loans - <$1MM	120	$10,461	$87,175
Agriculture operations loans - <$100k	64	$1,644	$25,688
Agriculture operations loans - $100-250k	30	$3,181	$106,033
Agriculture operations loans - $250k-1MM	26	$5,636	$216,769