The First National Bank Of Hartford Mortgage Rates, Fees & Info

Hartford, AL

LEI: 254900FN90BBXGBCPB30

Tax ID: 63-0095181

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Mortgage Data

Bank Data

Review & Overview

The First National Bank Of Hartford is a smaller bank specializing in Home Purchase and Refi loans. The First National Bank Of Hartford has a high proportion of conventional loans. Their top markets by origination volume include: Dothan, Ozark, Enterprise, and Panama City among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

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

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Originations

97

Origination Dollar Volume (All Markets)

$8,645,000

Employee count

50

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
DOTHAN, AL (FHA|USDA|VA) 78 $6,380,000 $81,795 $0 0.00%
Outside of Metro Areas 8 $780,000 $97,500 $0 0.00%
Ozark, AL (FHA|USDA|VA) 6 $650,000 $108,333 $0 0.00%
Enterprise, AL (FHA|USDA|VA) 4 $550,000 $137,500 $0 0.00%
PANAMA CITY, FL (FHA|USDA|VA) 1 $285,000 $285,000 $0 0.00%
The First National Bank Of Hartford's top markets include Dothan, Ozark, Enterprise, and Panama City among others.

Their top states include:
  • Alabama (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 97 $8,645,000 $89,124 $0 0.00%

    For 2021, The First National Bank Of Hartford's most frequently originated type of loan was Conventional, with 97 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 45 $4,535,000 $100,778 $0 0.00%
    Refi 41 $3,455,000 $84,268 $0 0.00%
    Home Improvement 11 $655,000 $59,545 $0 0.00%

    For 2021, The First National Bank Of Hartford's most frequently cited loan purpose was Home Purchase, with 45 originations. The 2nd most popular reason was Refi, with 41 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 97 $8,645,000 $89,124 $0 0.00%

    For 2021, The First National Bank Of Hartford's most frequently cited loan duration was Other, with 97 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 70 $3,360,000 $48,000 $0 0.00%
    $100k-200k 17 $2,435,000 $143,235 $0 0.00%
    $200k-400k 9 $2,375,000 $263,889 $0 0.00%
    $400k-600k 1 $475,000 $475,000 $0 0.00%

    2021 saw The First National Bank Of Hartford place emphasis on $100,000 or less loans with 70 originations, totaling $3,360,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 36 $1,580,000 $43,889 $0 0.00%
    $50k-75k 25 $2,125,000 $85,000 $0 0.00%
    $75k-100k 12 $1,550,000 $129,167 $0 0.00%
    $100k-150k 9 $1,215,000 $135,000 $0 0.00%
    $150k-250k 5 $1,075,000 $215,000 $0 0.00%
    $250k+ 3 $285,000 $95,000 $0 0.00%

    The First National Bank Of Hartford lent most frequently to those with incomes in the $50k or less range, with 36 originations. The second most popular income band? $50k-75k, with 25 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 97 $8,645,000 $89,124 $0 0.00%

    The First National Bank Of Hartford lent most frequently to those with DTI ratios of Exempt%, with 97 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 86 $7,610,000 $88,488 $0 0.00%
    Not applicable 5 $655,000 $131,000 $0 0.00%
    Black 6 $380,000 $63,333 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.96%

    The First National Bank Of Hartford has an average approval rate.

    Pick Rate

    Approvals leading to origination
    83.51%

    The First National Bank Of Hartford has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 97 $8,645,000 $89,124

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    97 $8,645,000 $89,124

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The First National Bank of Hartford 101 Third Avenue South Hartford, AL 36344 Full Service B&M $114,937
    The First National Bank of Hartford 705 E Lawrence Harris Hwy Slocomb, AL 36375 Full Service B&M $2,940
    The First National Bank of Hartford 907 Rucker Blvd Enterprise, AL 36330 Full Service B&M $3,070

    For 2021, The First National Bank Of Hartford had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $5,117
    Net interest income $4,724
    Total noninterest income $2,030
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $192
    Trading account gains and fees $0
    Additional Noninterest Income $1,838
    Pre-tax net operating income $995
    Securities gains (or losses, -) $99
    Income before extraordinary items $1,051
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,051
    Minority interest net income $0
    Net income $1,051
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $955

    The First National Bank Of Hartford's gross interest income from loans was $5,117,000.
    The First National Bank Of Hartford's net interest income from loans was $4,724,000.
    The First National Bank Of Hartford's fee based income from loans was $192,000.
    The First National Bank Of Hartford's net income from loans was $1,051,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $393
    Provision for credit losses $254
    Total noninterest expense $5,505
    Salaries and employee benefits $2,923
    Premises and equipment expense $543
    Additional noninterest expense $2,039
    Applicable income taxes $43
    Net charge-offs $356
    Cash dividends $428

    The First National Bank Of Hartford's interest expense for loans was $393,000.
    The First National Bank Of Hartford's payroll and benefits expense were $2,923,000.
    The First National Bank Of Hartford's property, plant and equipment expenses $543,000.

    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 4.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    Commercial & industrial loans 1.0%
    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 $123,100
    Deposits held in domestic offices $123,100
    Deposits by Individuals, partnerships, and corporations $97,550
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $25,550
    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 $63,173
    Demand deposits $33,473
    Nontransaction accounts $59,927
    Money market deposit accounts (MMDAs) $9,395
    Other savings deposits (excluding MMDAs) $14,088
    Total time deposits $36,444
    Total time and savings deposits $89,627
    Noninterest-bearing deposits $33,473
    Interest-bearing deposits $89,627
    Retail deposits $114,468
    IRAs and Keogh plan accounts $4,631
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $142,482
    Cash & Balances due from depository institutions $9,311
    Interest-bearing balances $2,055
    Total securities $53,811
    Federal funds sold & reverse repurchase $1,903
    Net loans and leases $65,303
    Loan and leases loss allowance $863
    Trading account assets $0
    Bank premises and fixed assets $2,574
    Other real estate owned $693
    Goodwill and other intangibles $407
    All other assets $8,480

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $142,482
    Total Liabilities $123,484
    Total deposits $123,100
    Interest-bearing deposits $89,627
    Deposits held in domestic offices $123,100
    % insured (estimated) $78
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $384

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $65,303
    Loan and leases loss allowance $863
    Total loans and leases (domestic) $66,166
    All real estate loans $50,095
    Real estate loans in domestic offices $50,095
    Construction and development loans $7,150
    Residential 1-4 family construction $5,851
    Other construction, all land development and other land $1,299
    Loans secured by nonfarm nonresidential properties $8,764
    Nonfarm nonresidential secured by owner-occupied properties $5,626
    Commercial real estate & other non-farm, non-residential $3,138
    Multifamily residential real estate $714
    1-4 family residential loans $29,039
    Farmland loans $4,428
    Loans held in foreign offices $0
    Farm loans $4,233
    Commercial and industrial loans $4,768
    To non-U.S. addressees $0
    Loans to individuals $6,192
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $2,285
    Other loans to individuals $3,907
    All other loans & leases $878
    Loans to foreign governments and official institutions $0
    Other loans $0
    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 $278
    Non 1-4 family restructured loans & leases $91
    Total loans and leases (foreign) $0

    The First National Bank of Hartford had $65,303,000 of loans outstanding in 2021. $50,095,000 of loans were in real estate loans. $7,150,000 of loans were in development loans. $714,000 of loans were in multifamily mortgage loans. $29,039,000 of loans were in 1-4 family mortgage loans. $4,233,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,285,000 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 63 $8,764 $139,111
    Nonfarm, nonresidential loans - <$100k 35 $1,298 $37,086
    Nonfarm, nonresidential loans - $100-250k 17 $2,800 $164,706
    Nonfarm, nonresidential loans - $250k-1MM 11 $4,666 $424,182
    Commercial & Industrial, US addressed loans - <$1MM 140 $4,767 $34,050
    Commercial & Industrial, US addressed loans - <$100k 132 $2,854 $21,621
    Commercial & Industrial, US addressed loans - $100-250k 5 $769 $153,800
    Commercial & Industrial, US addressed loans - $250k-1MM 3 $1,144 $381,333
    Farmland loans - <$1MM 52 $4,428 $85,154
    Farmland loans - <$100k 37 $1,468 $39,676
    Farmland loans - $100-250k 12 $1,990 $165,833
    Farmland loans - $250k-1MM 3 $970 $323,333
    Agriculture operations loans - <$1MM 100 $4,233 $42,330
    Agriculture operations loans - <$100k 87 $1,836 $21,103
    Agriculture operations loans - $100-250k 10 $1,304 $130,400
    Agriculture operations loans - $250k-1MM 3 $1,093 $364,333