First National Bank Of Griffin Mortgage Rates, Fees & Info

Griffin, GA

LEI: 254900EL4XB15QW2WI69

Tax ID: 58-0446320

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

Review & Overview

First National Bank Of Griffin is a smaller bank specializing in Refi and Home Purchase loans. First National Bank Of Griffin has a high proportion of conventional loans. Their top markets by origination volume include: Atlanta, Charleston, and Albany among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

First National Bank Of Griffin has an average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. First National Bank Of Griffin 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.

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Originations

118

Origination Dollar Volume (All Markets)

$13,720,000

Employee count

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
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA\|USDA\|VA)	115	$12,605,000	$109,609	$3,187	5.27%
CHARLESTON-NORTH CHARLESTON, SC (FHA\|USDA\|VA)	1	$875,000	$875,000	$0	5.50%
Outside of Metro Areas	1	$145,000	$145,000	$3,951	4.50%
ALBANY, GA (FHA\|USDA\|VA)	1	$95,000	$95,000	$3,330	3.38%

First National Bank Of Griffin's top markets include Atlanta, Charleston, and Albany among others.

Their top states include:

Georgia (FHA|USDA|VA)

South Carolina (FHA|USDA|VA)

Similar Lenders

We use machine learning to identify the top lenders compared against First National Bank of Griffin based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

First National Bank of Griffin
Similarity Rank: 592

Third Federal Savings and Loan Association of Cleveland
Similarity Rank: 614

Hamilton State Bank
Similarity Rank: 1194

VICTORY MORTGAGE, L.L.C.
Similarity Rank: 1495

LGE COMMUNITY
Similarity Rank: 1960

Victory Community Bank
Similarity Rank: 2030

CREDIT UNION OF GEORGIA
Similarity Rank: 2366

East West Bank
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CharterBank
Similarity Rank: 3374

OCEANSIDE MORTGAGE COMPANY
Similarity Rank: 3450

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	118	$13,720,000	$116,271	$3,200	5.25%

For 2018, First National Bank Of Griffin's most frequently originated type of loan was Conventional, with 118 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Refi	55	$4,335,000	$78,818	$2,327	5.66%
Home Purchase	46	$7,520,000	$163,478	$3,763	4.81%
Cash Out Refi	14	$1,610,000	$115,000	$3,538	4.93%
Home Improvement	3	$255,000	$85,000	$2,268	5.92%

For 2018, First National Bank Of Griffin's most frequently cited loan purpose was Refi, with 55 originations. The 2nd most popular reason was Home Purchase, with 46 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	43	$3,265,000	$75,930	$696	6.12%
30 Year	40	$6,120,000	$153,000	$3,831	4.65%
15 Year	20	$2,110,000	$105,500	$2,759	4.57%
20 Year	5	$415,000	$83,000	$2,944	4.55%
5 Year	4	$1,300,000	$325,000	$0	5.81%
3 Year	3	$375,000	$125,000	$2,268	5.92%
10 Year	2	$100,000	$50,000	$1,731	4.56%
1 Year	1	$35,000	$35,000	$0	5.50%

For 2018, First National Bank Of Griffin's most frequently cited loan duration was Other, with 43 originations. The 2nd most popular length was 30 Year, with 40 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$1k-2k	34	$3,330,000	$97,941
$2k-3k	17	$3,135,000	$184,412
$<1k	12	$320,000	$26,667
$3k-4k	6	$1,510,000	$251,667
$5k+	1	$455,000	$455,000

First National Bank Of Griffin's average total fees were $3,831, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 34 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
5-6%	43	$4,765,000	$110,814
4-5%	38	$5,320,000	$140,000
6-7%	21	$1,085,000	$51,667
3-4%	16	$2,550,000	$159,375

During 2018, First National Bank Of Griffin's average interest rate for loans was 4.65%, while their most frequently originated rate bucket for loans was 5-6%, with 43 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	68	$3,480,000	$51,176	$2,082	5.58%
$100k-200k	31	$4,355,000	$140,484	$3,713	4.80%
$200k-400k	16	$4,130,000	$258,125	$4,802	4.74%
$400k-600k	2	$880,000	$440,000	$7,468	4.63%
$600k-1MM	1	$875,000	$875,000	$0	5.50%

2018 saw First National Bank Of Griffin place emphasis on $100,000 or less loans with 68 originations, totaling $3,480,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k or less	35	$2,545,000	$72,714	$2,393	5.04%
$50k-75k	16	$1,810,000	$113,125	$3,395	5.12%
$75k-100k	16	$2,050,000	$128,125	$3,630	4.91%
$100k-150k	14	$1,780,000	$127,143	$4,309	5.21%
$250k+	10	$1,650,000	$165,000	$4,436	5.44%
$150k-250k	9	$2,015,000	$223,889	$4,162	4.95%

First National Bank Of Griffin lent most frequently to those with incomes in the $50k or less range, with 35 originations. The second most popular income band? $50k-75k, with 16 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-30%	28	$2,920,000	$104,286	$3,097	5.02%
<20%	17	$1,905,000	$112,059	$3,268	4.71%
30-36%	16	$1,840,000	$115,000	$3,573	4.93%
>60%	6	$230,000	$38,333	$920	6.21%
37%	5	$725,000	$145,000	$3,574	4.63%
44%	5	$425,000	$85,000	$2,065	5.28%
50-60%	4	$1,490,000	$372,500	$0	5.75%
41%	4	$470,000	$117,500	$3,986	5.41%
43%	3	$645,000	$215,000	$3,951	4.71%
39%	3	$325,000	$108,333	$3,241	4.46%
38%	3	$565,000	$188,333	$4,008	5.08%
49%	1	$25,000	$25,000	$934	6.00%
40%	1	$95,000	$95,000	$3,129	4.88%

First National Bank Of Griffin lent most frequently to those with DTI ratios of 20-30%, with 28 originations. The next most common DTI ratio? <20%, with 17 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	100	$12,090,000	$120,900	$3,265	5.17%
Not applicable	11	$1,105,000	$100,455	$0	6.05%
Black	5	$225,000	$45,000	$1,298	5.75%
Not provided	1	$205,000	$205,000	$4,538	3.75%
Asian	1	$95,000	$95,000	$3,330	3.38%

Approval Rates

Total approvals of all applications
88.57%

First National Bank Of Griffin has an average approval rate.

Pick Rate

Approvals leading to origination
95.76%

First National Bank Of Griffin has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

Points and Fees

Points	Originations	Total Value	Average Loan
NA	118	$13,720,000	$116,271

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	5	$1,295,000	$259,000
Single Family (1-4 Units):Manufactured	1	$25,000	$25,000
Single Family (1-4 Units):Site-Built	112	$12,400,000	$110,714

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	12	$980,000	$81,667	$1,662	5.50%
40-60%	34	$3,320,000	$97,647	$2,976	5.29%
60-80%	37	$4,975,000	$134,459	$3,917	5.09%
80-100%	24	$3,970,000	$165,417	$3,701	5.03%
Over 100%	1	$35,000	$35,000	$0	5.50%
Under 20%	10	$440,000	$44,000	$1,124	5.85%

Complaints

Bank Name	Product	Issue	2018 CPFB Complaints	% of Total Issues
FIRST NATIONAL BANK OF OMAHA	Home equity loan or line of credit (HELOC)	Closing on a mortgage	1	50.0%
FIRST NATIONAL BANK OF OMAHA	Conventional home mortgage	Struggling to pay mortgage	1	50.0%

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
First National Bank of Griffin	1103 Zebulon Road Griffin, GA 30224	Full Service B&M	$30,860
First National Bank of Griffin	1475 West Mcintosh Road Griffin, GA 30223	Full Service B&M	$41,074
First National Bank of Griffin	1510 West Mcintosh Road Griffin, GA 30224	Full Service B&M	$0
First National Bank of Griffin	16000 Barnesville Street Zebulon, GA 30295	Full Service B&M	$3,997
First National Bank of Griffin	318 South Hill Street Griffin, GA 30224	Full Service B&M	$121,673
First National Bank of Griffin	3470 Highway 155s Locust Grove, GA 30248	Full Service B&M	$10,590
First National Bank of Griffin	996 Bear Creek Boulevard Hampton, GA 30228	Full Service B&M	$32,139

For 2018, First National Bank Of Griffin had 7 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$9,630
Net interest income	$9,157
Total noninterest income	$2,566
Gross Fiduciary activities income	$54
Service charges on deposit accounts	$1,117
Trading account gains and fees	$0
Additional Noninterest Income	$1,395
Pre-tax net operating income	$1,922
Securities gains (or losses, -)	$-38
Income before extraordinary items	$1,404
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$1,404
Minority interest net income	$0
Net income	$1,404
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$1,434

First National Bank Of Griffin's gross interest income from loans was $9,630,000.
First National Bank Of Griffin's net interest income from loans was $9,157,000.
First National Bank Of Griffin's fee based income from loans was $1,117,000.
First National Bank Of Griffin's net income from loans was $1,404,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$473
Provision for credit losses	$148
Total noninterest expense	$9,653
Salaries and employee benefits	$4,953
Premises and equipment expense	$1,294
Additional noninterest expense	$3,406
Applicable income taxes	$480
Net charge-offs	$141
Cash dividends	$0

First National Bank Of Griffin's interest expense for loans was $473,000.
First National Bank Of Griffin's payroll and benefits expense were $4,953,000.
First National Bank Of Griffin's property, plant and equipment expenses $1,294,000.

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	0.0%
Nonfarm, nonresidential loans	1.0%
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	0.2%
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	$238,276
Deposits held in domestic offices	$238,276
Deposits by Individuals, partnerships, and corporations	$227,653
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$10,623
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	$22,552
Demand deposits	$13,923
Nontransaction accounts	$215,724
Money market deposit accounts (MMDAs)	$14,036
Other savings deposits (excluding MMDAs)	$161,566
Total time deposits	$40,122
Total time and savings deposits	$224,353
Noninterest-bearing deposits	$76,129
Interest-bearing deposits	$162,147
Retail deposits	$236,594
IRAs and Keogh plan accounts	$14,809
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$267,076
Cash & Balances due from depository institutions	$48,728
Interest-bearing balances	$42,043
Total securities	$91,033
Federal funds sold & reverse repurchase	$0
Net loans and leases	$108,260
Loan and leases loss allowance	$1,297
Trading account assets	$0
Bank premises and fixed assets	$7,385
Other real estate owned	$222
Goodwill and other intangibles	$0
All other assets	$11,448

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$267,076
Total Liabilities	$248,588
Total deposits	$238,276
Interest-bearing deposits	$162,147
Deposits held in domestic offices	$238,276
% insured (estimated)	$89
Federal funds purchased and repurchase agreements	$10,187
Trading liabilities	$0
Other borrowed funds	$0
Subordinated debt	$0
All other liabilities	$125

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$108,260
Loan and leases loss allowance	$1,297
Total loans and leases (domestic)	$109,557
All real estate loans	$97,247
Real estate loans in domestic offices	$97,247
Construction and development loans	$11,301
Residential 1-4 family construction	$3,057
Other construction, all land development and other land	$8,244
Loans secured by nonfarm nonresidential properties	$54,825
Nonfarm nonresidential secured by owner-occupied properties	$21,884
Commercial real estate & other non-farm, non-residential	$32,941
Multifamily residential real estate	$1,598
1-4 family residential loans	$29,307
Farmland loans	$216
Loans held in foreign offices	$0
Farm loans	$0
Commercial and industrial loans	$6,675
To non-U.S. addressees	$0
Loans to individuals	$5,296
Credit card loans	$647
Related Plans	$267
Consumer Auto Loans	$2,986
Other loans to individuals	$1,396
All other loans & leases	$487
Loans to foreign governments and official institutions	$0
Other loans	$97
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	$30
Non 1-4 family restructured loans & leases	$0
Total loans and leases (foreign)	$0

First National Bank of Griffin had $108,260,000 of loans outstanding in 2018. $97,247,000 of loans were in real estate loans. $11,301,000 of loans were in development loans. $1,598,000 of loans were in multifamily mortgage loans. $29,307,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $647,000 of loans were in credit card loans. $2,986,000 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	124	$27,406	$221,016
Nonfarm, nonresidential loans - <$100k	32	$1,702	$53,188
Nonfarm, nonresidential loans - $100-250k	44	$5,518	$125,409
Nonfarm, nonresidential loans - $250k-1MM	48	$20,186	$420,542
Commercial & Industrial, US addressed loans - <$1MM	121	$6,675	$55,165
Commercial & Industrial, US addressed loans - <$100k	91	$2,201	$24,187
Commercial & Industrial, US addressed loans - $100-250k	18	$1,421	$78,944
Commercial & Industrial, US addressed loans - $250k-1MM	12	$3,053	$254,417
Farmland loans - <$1MM	2	$216	$108,000
Farmland loans - $100-250k	2	$216	$108,000