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, Omaha, Durango, and Rock Springs among others. We have data for 158 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%	12/17/24
30 Year Conventional Refi	6.58%	12/17/24
30 Year Cash-out Refi	6.78%	12/17/24
30 Year FHA Purchase	7.65%	12/17/24
30 Year FHA Refi	7.27%	12/17/24
30 Year VA Purchase	6.42%	12/17/24
30 Year VA Refi	6.27%	12/17/24
30 Year USDA Purchase	7.09%	12/17/24
30 Year USDA Refi	6.09%	12/17/24
15 Year Conventional Purchase	6.30%	12/17/24
15 Year Conventional Refi	6.16%	12/17/24
15 Year Cash-out Refi	6.16%	12/17/24
15 Year FHA Purchase	7.27%	12/17/24
15 Year FHA Refi	8.21%	12/17/24
15 Year VA Purchase	6.78%	12/17/24
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

2,412

Origination Dollar Volume (All Markets)

$409,700,000

Employee count

183

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 (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	545	$79,225,000	$145,367	$4,924	3.21%
Chicago-Naperville-Elgin, IL-IN-WI (FHA\|USDA\|VA)	236	$50,420,000	$213,644	$3,769	2.99%
BLOOMINGTON, IL (FHA\|USDA\|VA)	197	$27,205,000	$138,096	$1,453	3.09%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA\|USDA\|VA)	104	$20,610,000	$198,173	$2,994	3.20%
Durango, CO (FHA\|USDA\|VA)	58	$17,210,000	$296,724	$3,966	3.06%
Rock Springs, WY (FHA\|USDA\|VA)	57	$13,735,000	$240,965	$4,719	3.19%
Poplar Bluff, MO (FHA\|USDA\|VA)	111	$13,725,000	$123,649	$5,931	3.11%
Bozeman, MT (FHA\|USDA\|VA)	30	$12,730,000	$424,333	$4,164	3.23%
KANKAKEE, IL (FHA\|USDA\|VA)	73	$12,465,000	$170,753	$3,921	2.99%
PEORIA, IL (FHA\|USDA\|VA)	96	$12,160,000	$126,667	$2,558	3.21%
Bedford, IN (FHA\|USDA\|VA)	83	$11,285,000	$135,964	$4,746	3.28%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA\|USDA\|VA)	69	$9,835,000	$142,536	$4,036	3.25%
GRAND JUNCTION, CO (FHA\|USDA\|VA)	31	$9,695,000	$312,742	$4,431	3.14%
SIOUX FALLS, SD (FHA\|USDA\|VA)	36	$8,620,000	$239,444	$7,857	2.95%
READING, PA (FHA\|USDA\|VA)	59	$7,425,000	$125,847	$6,370	3.45%
Sikeston, MO (FHA\|USDA\|VA)	50	$6,260,000	$125,200	$6,669	3.13%
ST. JOSEPH, MO-KS (FHA\|USDA\|VA)	38	$5,820,000	$153,158	$4,064	3.49%
Pontiac, IL (FHA\|USDA\|VA)	33	$4,585,000	$138,939	$2,198	3.06%
Montrose, CO (FHA\|USDA\|VA)	13	$4,185,000	$321,923	$3,744	3.23%
Kennett, MO (FHA\|USDA\|VA)	32	$3,480,000	$108,750	$6,377	3.13%
Maryville, MO (FHA\|USDA\|VA)	23	$3,185,000	$138,478	$3,722	3.48%
KANSAS CITY, MO-KS (FHA\|USDA\|VA)	15	$2,925,000	$195,000	$4,197	3.26%
Storm Lake, IA (FHA\|USDA\|VA)	18	$2,910,000	$161,667	$6,251	3.13%
Brookings, SD (FHA\|USDA\|VA)	14	$2,860,000	$204,286	$6,133	2.99%
Spencer, IA (FHA\|USDA\|VA)	20	$2,860,000	$143,000	$5,058	2.95%
Macomb, IL (FHA\|USDA\|VA)	24	$2,310,000	$96,250	$4,985	3.57%
Helena, MT (FHA\|USDA\|VA)	10	$2,310,000	$231,000	$5,327	3.43%
DENVER-AURORA-LAKEWOOD, CO (FHA\|USDA\|VA)	5	$2,065,000	$413,000	$2,797	3.15%
PHOENIX-MESA-CHANDLER, AZ (FHA\|USDA\|VA)	4	$1,800,000	$450,000	$7,483	2.88%
Rochelle, IL (FHA\|USDA\|VA)	14	$1,790,000	$127,857	$4,378	3.21%
SPRINGFIELD, MO (FHA\|USDA\|VA)	10	$1,760,000	$176,000	$3,230	3.29%
FARMINGTON, NM (FHA\|USDA\|VA)	8	$1,490,000	$186,250	$3,470	2.95%
WATERLOO-CEDAR FALLS, IA (FHA\|USDA\|VA)	12	$1,460,000	$121,667	$5,430	3.33%
Natchez, MS-LA (FHA\|USDA\|VA)	12	$1,410,000	$117,500	$3,409	3.14%
BLOOMINGTON, IN (FHA\|USDA\|VA)	7	$1,385,000	$197,857	$3,834	3.14%
GREELEY, CO (FHA\|USDA\|VA)	3	$1,235,000	$411,667	$10,193	3.38%
COLORADO SPRINGS, CO (FHA\|USDA\|VA)	3	$1,185,000	$395,000	$3,714	2.88%
Ottawa, IL (FHA\|USDA\|VA)	12	$1,170,000	$97,500	$3,210	3.29%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA\|USDA\|VA)	4	$1,070,000	$267,500	$4,946	3.13%
JOPLIN, MO (FHA\|USDA\|VA)	7	$1,065,000	$152,143	$3,949	3.29%
Muscatine, IA (FHA\|USDA\|VA)	8	$1,050,000	$131,250	$4,666	3.45%
Dixon, IL (FHA\|USDA\|VA)	10	$1,000,000	$100,000	$4,140	3.43%
Campbellsville, KY (FHA\|USDA\|VA)	7	$995,000	$142,143	$4,879	2.91%
CAPE CORAL-FORT MYERS, FL (FHA\|USDA\|VA)	4	$980,000	$245,000	$3,851	3.31%
SIOUX CITY, IA-NE-SD (FHA\|USDA\|VA)	4	$900,000	$225,000	$9,361	3.16%
Palestine, TX (FHA\|USDA\|VA)	5	$845,000	$169,000	$8,372	3.55%
CHAMPAIGN-URBANA, IL (FHA\|USDA\|VA)	7	$825,000	$117,857	$2,069	3.43%
Malvern, AR (FHA\|USDA\|VA)	7	$815,000	$116,429	$3,564	2.80%
Butte-Silver Bow, MT (FHA\|USDA\|VA)	3	$805,000	$268,333	$2,995	3.25%
Freeport, IL (FHA\|USDA\|VA)	9	$775,000	$86,111	$4,508	3.67%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA\|USDA\|VA)	2	$770,000	$385,000	$2,014	3.31%
Evanston, WY (FHA\|USDA\|VA)	4	$770,000	$192,500	$3,611	2.94%
ST. LOUIS, MO-IL (FHA\|USDA\|VA)	3	$765,000	$255,000	$5,475	3.04%
RAPID CITY, SD (FHA\|USDA\|VA)	3	$755,000	$251,667	$8,002	3.00%
SALT LAKE CITY, UT (FHA\|USDA\|VA)	1	$755,000	$755,000	$3,935	3.75%
Lincoln, IL (FHA\|USDA\|VA)	10	$740,000	$74,000	$3,491	3.38%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA\|USDA\|VA)	4	$730,000	$182,500	$3,022	2.69%
MEMPHIS, TN-MS-AR (FHA\|USDA\|VA)	2	$710,000	$355,000	$2,959	2.81%
CAPE GIRARDEAU, MO-IL (FHA\|USDA\|VA)	6	$700,000	$116,667	$5,451	3.08%
DES MOINES-WEST DES MOINES, IA (FHA\|USDA\|VA)	3	$695,000	$231,667	$4,647	3.13%
BAKERSFIELD, CA (FHA\|USDA\|VA)	4	$680,000	$170,000	$3,593	3.59%
Sterling, IL (FHA\|USDA\|VA)	6	$650,000	$108,333	$4,216	3.65%
Glenwood Springs, CO (FHA\|USDA\|VA)	2	$580,000	$290,000	$6,322	3.44%
MADISON, WI (FHA\|USDA\|VA)	3	$575,000	$191,667	$2,179	2.75%
LOUISVILLE, KY (FHA\|USDA\|VA)	2	$570,000	$285,000	$7,574	3.31%
ROCKFORD, IL (FHA\|USDA\|VA)	4	$550,000	$137,500	$2,979	3.00%
Cedar City, UT (FHA\|USDA\|VA)	2	$490,000	$245,000	$4,936	3.19%
Boston-Cambridge-Newton, MA-NH (FHA\|USDA\|VA)	1	$455,000	$455,000	$0	3.50%
BIRMINGHAM-HOOVER, AL (FHA\|USDA\|VA)	2	$420,000	$210,000	$3,611	3.13%
Findlay, OH (FHA\|USDA\|VA)	1	$405,000	$405,000	$1,549	3.63%
Seymour, IN (FHA\|USDA\|VA)	3	$405,000	$135,000	$5,602	3.42%
NILES, MI (FHA\|USDA\|VA)	1	$405,000	$405,000	$3,165	3.13%
MILWAUKEE-WAUKESHA, WI (FHA\|USDA\|VA)	1	$405,000	$405,000	$2,325	3.00%
Sevierville, TN (FHA\|USDA\|VA)	1	$385,000	$385,000	$4,438	4.00%
CINCINNATI, OH-KY-IN (FHA\|USDA\|VA)	1	$385,000	$385,000	$5,471	3.00%
Yankton, SD (FHA\|USDA\|VA)	1	$375,000	$375,000	$6,720	3.13%
Norfolk, NE (FHA\|USDA\|VA)	2	$360,000	$180,000	$5,578	2.88%
Washington, IN (FHA\|USDA\|VA)	3	$355,000	$118,333	$2,313	3.25%
SOUTH BEND-MISHAWAKA, IN-MI (FHA\|USDA\|VA)	1	$355,000	$355,000	$3,991	3.13%
Athens, TX (FHA\|USDA\|VA)	2	$350,000	$175,000	$4,517	3.38%
Vermillion, SD (FHA\|USDA\|VA)	1	$345,000	$345,000	$12,099	2.88%
Somerset, KY (FHA\|USDA\|VA)	1	$345,000	$345,000	$10,577	3.00%
Galesburg, IL (FHA\|USDA\|VA)	4	$340,000	$85,000	$4,258	3.31%
Huron, SD (FHA\|USDA\|VA)	2	$330,000	$165,000	$5,823	3.13%
Aberdeen, SD (FHA\|USDA\|VA)	1	$325,000	$325,000	$13,867	3.13%
Spirit Lake, IA (FHA\|USDA\|VA)	3	$325,000	$108,333	$5,562	2.96%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA\|USDA\|VA)	1	$315,000	$315,000	$7,708	3.13%
Mitchell, SD (FHA\|USDA\|VA)	1	$315,000	$315,000	$13,278	2.88%
LINCOLN, NE (FHA\|USDA\|VA)	1	$315,000	$315,000	$2,793	3.25%
TERRE HAUTE, IN (FHA\|USDA\|VA)	2	$310,000	$155,000	$1,625	2.88%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA\|USDA\|VA)	2	$310,000	$155,000	$0	4.38%
TULSA, OK (FHA\|USDA\|VA)	1	$305,000	$305,000	$6,040	3.13%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA\|USDA\|VA)	1	$305,000	$305,000	$3,543	3.25%
Fort Dodge, IA (FHA\|USDA\|VA)	2	$300,000	$150,000	$7,471	3.13%
FORT SMITH, AR-OK (FHA\|USDA\|VA)	1	$295,000	$295,000	$8,758	3.13%
FORT COLLINS, CO (FHA\|USDA\|VA)	1	$295,000	$295,000	$3,292	3.00%
HUNTSVILLE, AL (FHA\|USDA\|VA)	1	$285,000	$285,000	$7,131	3.38%
FOND DU LAC, WI (FHA\|USDA\|VA)	1	$285,000	$285,000	$8,978	3.75%
Riverton, WY (FHA\|USDA\|VA)	1	$275,000	$275,000	$9,822	3.13%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA\|USDA\|VA)	1	$265,000	$265,000	$1,772	3.13%
RALEIGH-CARY, NC (FHA\|USDA\|VA)	1	$265,000	$265,000	$1,544	2.63%
COLUMBIA, SC (FHA\|USDA\|VA)	2	$260,000	$130,000	$1,573	2.75%
WICHITA, KS (FHA\|USDA\|VA)	1	$255,000	$255,000	$3,045	3.50%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA\|USDA\|VA)	1	$255,000	$255,000	$7,354	3.13%
Ruidoso, NM (FHA\|USDA\|VA)	1	$245,000	$245,000	$0	3.88%
CASPER, WY (FHA\|USDA\|VA)	1	$215,000	$215,000	$5,410	3.13%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA\|USDA\|VA)	1	$215,000	$215,000	$10,410	3.63%
Murray, KY (FHA\|USDA\|VA)	1	$215,000	$215,000	$2,516	3.13%
HARRISBURG-CARLISLE, PA (FHA\|USDA\|VA)	1	$215,000	$215,000	$6,820	3.50%
ROCHESTER, MN (FHA\|USDA\|VA)	1	$215,000	$215,000	$5,276	2.63%
PUNTA GORDA, FL (FHA\|USDA\|VA)	1	$215,000	$215,000	$416	2.25%
LEWISTON, ID-WA (FHA\|USDA\|VA)	1	$205,000	$205,000	$4,455	2.50%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA\|USDA\|VA)	1	$205,000	$205,000	$1,903	2.88%
HOMOSASSA SPRINGS, FL (FHA\|USDA\|VA)	1	$205,000	$205,000	$2,865	2.88%
CHATTANOOGA, TN-GA (FHA\|USDA\|VA)	1	$205,000	$205,000	$2,463	2.88%
CARBONDALE-MARION, IL (FHA\|USDA\|VA)	1	$205,000	$205,000	$2,648	2.38%
SCRANTON--WILKES-BARRE, PA (FHA\|USDA\|VA)	1	$195,000	$195,000	$7,189	3.25%
Glasgow, KY (FHA\|USDA\|VA)	1	$195,000	$195,000	$5,496	2.88%
ALBUQUERQUE, NM (FHA\|USDA\|VA)	1	$195,000	$195,000	$1,303	2.63%
Sterling, CO (FHA\|USDA\|VA)	1	$195,000	$195,000	$5,371	3.63%
Beaver Dam, WI (FHA\|USDA\|VA)	1	$195,000	$195,000	$2,390	3.50%
Branson, MO (FHA\|USDA\|VA)	1	$185,000	$185,000	$3,279	3.38%
BILLINGS, MT (FHA\|USDA\|VA)	1	$185,000	$185,000	$7,688	3.13%
Plymouth, IN (FHA\|USDA\|VA)	1	$185,000	$185,000	$2,517	2.88%
Watertown, SD (FHA\|USDA\|VA)	1	$185,000	$185,000	$5,404	2.50%
COLUMBUS, IN (FHA\|USDA\|VA)	1	$185,000	$185,000	$2,025	3.25%
JANESVILLE-BELOIT, WI (FHA\|USDA\|VA)	1	$185,000	$185,000	$1,400	2.63%
LANCASTER, PA (FHA\|USDA\|VA)	1	$175,000	$175,000	$10,320	3.38%
Fairmont, MN (FHA\|USDA\|VA)	1	$175,000	$175,000	$8,692	2.50%
HOT SPRINGS, AR (FHA\|USDA\|VA)	1	$165,000	$165,000	$5,216	2.88%
LAKELAND-WINTER HAVEN, FL (FHA\|USDA\|VA)	1	$165,000	$165,000	$7,163	3.63%
Jasper, IN (FHA\|USDA\|VA)	1	$165,000	$165,000	$6,008	2.88%
OKLAHOMA CITY, OK (FHA\|USDA\|VA)	1	$165,000	$165,000	$0	4.00%
Albert Lea, MN (FHA\|USDA\|VA)	2	$160,000	$80,000	$3,974	3.56%
Clinton, IA (FHA\|USDA\|VA)	1	$155,000	$155,000	$2,278	2.25%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA\|USDA\|VA)	1	$155,000	$155,000	$5,074	3.75%
McComb, MS (FHA\|USDA\|VA)	2	$150,000	$75,000	$3,920	2.75%
YORK-HANOVER, PA (FHA\|USDA\|VA)	2	$130,000	$65,000	$6,530	3.44%
Platteville, WI (FHA\|USDA\|VA)	1	$125,000	$125,000	$6,389	3.13%
CLARKSVILLE, TN-KY (FHA\|USDA\|VA)	1	$125,000	$125,000	$3,283	3.50%
Fort Madison-Keokuk, IA-IL-MO (FHA\|USDA\|VA)	1	$115,000	$115,000	$4,589	3.63%
Quincy, IL-MO (FHA\|USDA\|VA)	1	$105,000	$105,000	$3,986	3.50%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA\|USDA\|VA)	1	$105,000	$105,000	$2,681	3.25%
SPRINGFIELD, IL (FHA\|USDA\|VA)	1	$105,000	$105,000	$918	2.63%
Mason City, IA (FHA\|USDA\|VA)	1	$95,000	$95,000	$5,328	2.50%
Rexburg, ID (FHA\|USDA\|VA)	1	$95,000	$95,000	$3,717	2.75%
GREENVILLE-ANDERSON, SC (FHA\|USDA\|VA)	1	$95,000	$95,000	$4,198	3.00%
Lebanon, MO (FHA\|USDA\|VA)	1	$95,000	$95,000	$3,080	3.25%
Blytheville, AR (FHA\|USDA\|VA)	1	$85,000	$85,000	$4,941	2.88%
Central City, KY (FHA\|USDA\|VA)	1	$75,000	$75,000	$2,761	3.50%
Farmington, MO (FHA\|USDA\|VA)	1	$65,000	$65,000	$4,307	3.25%
Burlington, IA-IL (FHA\|USDA\|VA)	1	$55,000	$55,000	$3,079	3.00%
DANVILLE, IL (FHA\|USDA\|VA)	1	$55,000	$55,000	$0	3.90%
LAFAYETTE-WEST LAFAYETTE, IN (FHA\|USDA\|VA)	1	$55,000	$55,000	$2,851	3.25%
FLINT, MI (FHA\|USDA\|VA)	1	$45,000	$45,000	$25	2.75%
Connersville, IN (FHA\|USDA\|VA)	1	$45,000	$45,000	$0	3.75%
Houghton, MI (FHA\|USDA\|VA)	1	$45,000	$45,000	$2,028	3.13%
Madison, IN (FHA\|USDA\|VA)	1	$35,000	$35,000	$2,538	2.63%

Flanagan State Bank's top markets include Chicago, Bloomington, Omaha, Durango, and Rock Springs among others.

Their top states include:

Illinois (FHA|USDA|VA)

Missouri (FHA|USDA|VA)

Iowa (FHA|USDA|VA)

Colorado (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	1,312	$253,090,000	$192,904	$2,977	3.15%
USDA	562	$65,590,000	$116,708	$5,379	3.18%
FHA	418	$64,080,000	$153,301	$6,692	3.28%
VA	120	$26,940,000	$224,500	$5,091	2.96%

For 2021, Flanagan State Bank's most frequently originated type of loan was Conventional, with 1,312 originations. Their 2nd most popular type was USDA, with 562 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	1,516	$245,960,000	$162,243	$5,046	3.25%
Refi	530	$99,650,000	$188,019	$2,939	2.89%
Cash Out Refi	362	$63,840,000	$176,354	$3,322	3.21%
Other	3	$245,000	$81,667	$1,530	4.52%
Home Improvement	1	$5,000	$5,000	$0	5.50%

For 2021, Flanagan State Bank's most frequently cited loan purpose was Home Purchase, with 1,516 originations. The 2nd most popular reason was Refi, with 530 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
30 Year	2,004	$347,140,000	$173,224	$4,675	3.23%
15 Year	254	$36,030,000	$141,850	$2,403	2.60%
20 Year	69	$13,355,000	$193,551	$3,429	3.08%
Other	55	$8,975,000	$163,182	$2,141	3.77%
10 Year	17	$2,525,000	$148,529	$2,117	2.49%
5 Year	8	$930,000	$116,250	$689	4.19%
1 Year	5	$745,000	$149,000	$1,105	4.33%

For 2021, Flanagan State Bank's most frequently cited loan duration was 30 Year, with 2,004 originations. The 2nd most popular length was 15 Year, with 254 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$1k-2k	794	$141,050,000	$177,645
$<1k	673	$119,055,000	$176,902
$2k-3k	354	$49,650,000	$140,254
$3k-4k	268	$40,250,000	$150,187
$5k+	131	$30,445,000	$232,405
$4k-5k	111	$19,395,000	$174,730

Flanagan State Bank's average total fees were $4,675, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 794 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
3-4%	1,289	$210,755,000	$163,503
2.5-3%	840	$154,280,000	$183,667
<2.5%	212	$34,670,000	$163,538
4-5%	66	$9,740,000	$147,576
5-6%	5	$255,000	$51,000

During 2021, Flanagan State Bank's average interest rate for loans was 3.23%, while their most frequently originated rate bucket for loans was 3-4%, with 1,289 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-200k	1,015	$144,955,000	$142,813	$4,412	3.13%
$100,000 or less	683	$50,805,000	$74,385	$3,708	3.28%
$200k-400k	618	$165,900,000	$268,447	$4,795	3.11%
$400k-600k	89	$41,915,000	$470,955	$4,409	3.13%
$600k-1MM	5	$3,495,000	$699,000	$6,560	3.15%
$1MM+	2	$2,630,000	$1,315,000	$11,448	4.13%

2021 saw Flanagan State Bank place emphasis on $100k-200k loans with 1,015 originations, totaling $144,955,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k or less	805	$86,765,000	$107,783	$4,517	3.21%
$50k-75k	664	$105,130,000	$158,328	$4,493	3.21%
$75k-100k	404	$80,560,000	$199,406	$4,296	3.12%
$100k-150k	301	$71,705,000	$238,223	$4,089	3.10%
$150k-250k	159	$46,275,000	$291,038	$3,720	3.07%
$250k+	32	$11,050,000	$345,313	$3,489	3.17%

Flanagan State Bank lent most frequently to those with incomes in the $50k or less range, with 805 originations. The second most popular income band? $50k-75k, with 664 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-30%	561	$84,615,000	$150,829	$3,871	3.12%
30-36%	498	$81,960,000	$164,578	$4,318	3.17%
<20%	196	$24,860,000	$126,837	$2,974	3.09%
50-60%	128	$25,000,000	$195,313	$6,682	3.18%
40%	102	$16,920,000	$165,882	$4,821	3.18%
44%	90	$19,860,000	$220,667	$4,560	3.19%
38%	89	$15,285,000	$171,742	$4,526	3.22%
42%	79	$15,775,000	$199,684	$4,375	3.29%
41%	79	$14,705,000	$186,139	$4,443	3.19%
36%	78	$12,110,000	$155,256	$4,314	3.15%
37%	75	$13,835,000	$184,467	$4,430	3.26%
39%	74	$13,110,000	$177,162	$4,695	3.21%
43%	69	$13,015,000	$188,623	$4,238	3.19%
45%	69	$14,385,000	$208,478	$4,859	3.19%
47%	52	$10,610,000	$204,038	$5,430	3.28%
49%	47	$9,545,000	$203,085	$4,998	3.10%
48%	45	$9,965,000	$221,444	$4,553	3.15%
46%	37	$6,875,000	$185,811	$4,192	3.26%
>60%	4	$660,000	$165,000	$3,495	4.00%

Flanagan State Bank lent most frequently to those with DTI ratios of 20-30%, with 561 originations. The next most common DTI ratio? 30-36%, with 498 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	2,298	$391,810,000	$170,500	$4,299	3.17%
Black	72	$11,210,000	$155,694	$5,345	3.15%
Asian	15	$2,735,000	$182,333	$4,280	3.11%
American Indian	9	$1,645,000	$182,778	$5,266	3.22%
Not provided	11	$1,335,000	$121,364	$2,016	3.14%
Native Hawaiian or Islander	4	$650,000	$162,500	$6,072	3.44%
Filipino	1	$175,000	$175,000	$3,551	3.50%
Not applicable	1	$75,000	$75,000	$0	4.65%
Japanese	1	$65,000	$65,000	$4,739	4.00%

Approval Rates

Total approvals of all applications
86.96%

Flanagan State Bank has an average approval rate.

Pick Rate

Approvals leading to origination
71.48%

Flanagan State Bank has a below average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
NA	2,412	$409,700,000	$169,859

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
	2,412	$409,700,000	$169,859

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	60	$7,610,000	$126,833	$2,445	2.90%
40-60%	174	$30,730,000	$176,609	$2,580	2.99%
60-80%	612	$118,310,000	$193,317	$3,087	3.13%
80-100%	1,500	$241,170,000	$160,780	$5,012	3.22%
Over 100%	36	$6,990,000	$194,167	$8,129	3.19%
Under 20%	9	$485,000	$53,889	$1,860	3.79%

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	$52,162
Flanagan State Bank	208 East Gridley Road Gridley, IL 61744	Full Service B&M	$25,144
Flanagan State Bank	2401 East Washington Street Bloomington, IL 61704	Full Service B&M	$24,851
Flanagan State Bank	301 West Falcon Highway Flanagan, IL 61740	Full Service B&M	$65,541
Flanagan State Bank	403 State Street Benson, IL 61516	Full Service B&M	$21,957
Flanagan State Bank	500 S Persimmon St Le Roy, IL 61752	Full Service B&M	$30,665

For 2021, Flanagan State Bank had 6 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$7,121
Net interest income	$6,513
Total noninterest income	$25,904
Gross Fiduciary activities income	$97
Service charges on deposit accounts	$193
Trading account gains and fees	$0
Additional Noninterest Income	$25,614
Pre-tax net operating income	$4,684
Securities gains (or losses, -)	$0
Income before extraordinary items	$4,359
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$4,359
Minority interest net income	$0
Net income	$4,359
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$4,359

Flanagan State Bank's gross interest income from loans was $7,121,000.
Flanagan State Bank's net interest income from loans was $6,513,000.
Flanagan State Bank's fee based income from loans was $193,000.
Flanagan State Bank's net income from loans was $4,359,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$608
Provision for credit losses	$240
Total noninterest expense	$27,493
Salaries and employee benefits	$17,792
Premises and equipment expense	$1,667
Additional noninterest expense	$8,034
Applicable income taxes	$325
Net charge-offs	$84
Cash dividends	$2,700

Flanagan State Bank's interest expense for loans was $608,000.
Flanagan State Bank's payroll and benefits expense were $17,792,000.
Flanagan State Bank's property, plant and equipment expenses $1,667,000.

Loan Performance

Type of Loan	% of Loans Noncurrent (30+ days, end of period snapshot)
All loans	0.0%
Real Estate loans	1.0%
Construction & Land Development loans	2.0%
Nonfarm, nonresidential loans	4.0%
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	$233,824
Deposits held in domestic offices	$233,824
Deposits by Individuals, partnerships, and corporations	$217,854
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$15,970
Deposits by Commercial banks and other depository institutions in U.S.	$0
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$99,183
Demand deposits	$99,183
Nontransaction accounts	$134,641
Money market deposit accounts (MMDAs)	$58,029
Other savings deposits (excluding MMDAs)	$33,201
Total time deposits	$43,411
Total time and savings deposits	$134,641
Noninterest-bearing deposits	$55,797
Interest-bearing deposits	$178,027
Retail deposits	$232,712
IRAs and Keogh plan accounts	$5,782
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$262,541
Cash & Balances due from depository institutions	$9,463
Interest-bearing balances	$2,073
Total securities	$120,925
Federal funds sold & reverse repurchase	$11,923
Net loans and leases	$107,760
Loan and leases loss allowance	$1,131
Trading account assets	$0
Bank premises and fixed assets	$7,156
Other real estate owned	$0
Goodwill and other intangibles	$1,830
All other assets	$3,484

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$262,541
Total Liabilities	$235,756
Total deposits	$233,824
Interest-bearing deposits	$178,027
Deposits held in domestic offices	$233,824
% insured (estimated)	$82
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$0
Subordinated debt	$0
All other liabilities	$1,932

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$107,760
Loan and leases loss allowance	$1,131
Total loans and leases (domestic)	$108,891
All real estate loans	$70,587
Real estate loans in domestic offices	$70,587
Construction and development loans	$8,082
Residential 1-4 family construction	$5,036
Other construction, all land development and other land	$3,046
Loans secured by nonfarm nonresidential properties	$10,054
Nonfarm nonresidential secured by owner-occupied properties	$7,065
Commercial real estate & other non-farm, non-residential	$2,989
Multifamily residential real estate	$752
1-4 family residential loans	$32,256
Farmland loans	$19,443
Loans held in foreign offices	$0
Farm loans	$24,269
Commercial and industrial loans	$8,074
To non-U.S. addressees	$0
Loans to individuals	$4,330
Credit card loans	$123
Related Plans	$0
Consumer Auto Loans	$2,457
Other loans to individuals	$1,750
All other loans & leases	$1,634
Loans to foreign governments and official institutions	$0
Other loans	$947
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	$409
Non 1-4 family restructured loans & leases	$172
Total loans and leases (foreign)	$0

Flanagan State Bank had $107,760,000 of loans outstanding in 2021. $70,587,000 of loans were in real estate loans. $8,082,000 of loans were in development loans. $752,000 of loans were in multifamily mortgage loans. $32,256,000 of loans were in 1-4 family mortgage loans. $24,269,000 of loans were in farm loans. $123,000 of loans were in credit card loans. $2,457,000 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	48	$5,890	$122,708
Nonfarm, nonresidential loans - <$100k	29	$1,314	$45,310
Nonfarm, nonresidential loans - $100-250k	11	$1,644	$149,455
Nonfarm, nonresidential loans - $250k-1MM	8	$2,932	$366,500
Commercial & Industrial, US addressed loans - <$1MM	70	$6,701	$95,729
Commercial & Industrial, US addressed loans - <$100k	45	$1,499	$33,311
Commercial & Industrial, US addressed loans - $100-250k	17	$1,971	$115,941
Commercial & Industrial, US addressed loans - $250k-1MM	8	$3,231	$403,875
Farmland loans - <$1MM	90	$9,578	$106,422
Farmland loans - <$100k	11	$393	$35,727
Farmland loans - $100-250k	53	$4,221	$79,642
Farmland loans - $250k-1MM	26	$4,964	$190,923
Agriculture operations loans - <$1MM	114	$10,256	$89,965
Agriculture operations loans - <$100k	56	$1,459	$26,054
Agriculture operations loans - $100-250k	25	$2,573	$102,920
Agriculture operations loans - $250k-1MM	33	$6,224	$188,606