First National Bank Of Bellevue Mortgage Rates, Fees & Info

Bellevue, OH

LEI: 254900KOJTW8YS8AL287

Tax ID: 34-4186000

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

Review & Overview

First National Bank Of Bellevue is a smaller bank specializing in Home Purchase and Cash Out Refi loans. First National Bank Of Bellevue has a high proportion of conventional loans. Their top markets by origination volume include: Toledo, Fremont, Norwalk, Sandusky, and Ann Arbor among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)

First National Bank Of Bellevue 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. First National Bank Of Bellevue 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	6.81%	6/26/24
30 Year Conventional Refi	6.64%	6/26/24
30 Year Cash-out Refi	6.87%	6/26/24
15 Year Conventional Purchase	6.67%	6/26/24
15 Year Conventional Refi	5.86%	6/26/24
15 Year Cash-out Refi	5.86%	6/26/24
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.

First National Bank Of Bellevue Mortgage Calculator

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The default purchase price is the median sales price across the US for 2022Q4, per FRED.

Originations

134

Origination Dollar Volume (All Markets)

$17,430,000

Employee count

Awards

First National Bank of Bellevue 30 Year Conventional Loans bronze

First National Bank of Bellevue 30 Year Conventional Loans silver

Show all (3) 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
TOLEDO, OH (FHA\|USDA\|VA)	33	$5,515,000	$167,121	$3,936	4.63%
Fremont, OH (FHA\|USDA\|VA)	41	$4,665,000	$113,780	$2,936	4.70%
Norwalk, OH (FHA\|USDA\|VA)	25	$2,595,000	$103,800	$3,528	4.55%
Sandusky, OH (FHA\|USDA\|VA)	17	$2,455,000	$144,412	$3,639	4.58%
ANN ARBOR, MI (FHA\|USDA\|VA)	2	$910,000	$455,000	$4,838	5.14%
Tiffin, OH (FHA\|USDA\|VA)	6	$470,000	$78,333	$2,870	4.65%
CLEVELAND-ELYRIA, OH (FHA\|USDA\|VA)	5	$305,000	$61,000	$3,919	5.20%
Mount Vernon, OH (FHA\|USDA\|VA)	1	$185,000	$185,000	$3,412	4.88%
Marion, OH (FHA\|USDA\|VA)	1	$125,000	$125,000	$3,674	4.50%
COLUMBUS, OH (FHA\|USDA\|VA)	1	$75,000	$75,000	$3,745	4.50%
MANSFIELD, OH (FHA\|USDA\|VA)	1	$65,000	$65,000	$2,193	4.75%
Bucyrus-Galion, OH (FHA\|USDA\|VA)	1	$65,000	$65,000	$2,763	4.63%

First National Bank Of Bellevue's top markets include Toledo, Fremont, Norwalk, Sandusky, and Ann Arbor among others.

Their top states include:

Ohio (FHA|USDA|VA)

Michigan (FHA|USDA|VA)

(FHA|USDA|VA)

Similar Lenders

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

First Federal Savings and Loan Association of Delta
Similarity Rank: 48

JEEP COUNTRY
Similarity Rank: 52

HOME MORTGAGE ASSURED CORPORATION
Similarity Rank: 450

THE BANKERS GUARANTEE TITLE & TRUST COMPANY
Similarity Rank: 480

The Genoa Banking Company
Similarity Rank: 741

First National Bank of Bellevue
Similarity Rank: 1008

The Farmers & Merchants State Bank
Similarity Rank: 1014

First Federal Bank of the Midwest
Similarity Rank: 1449

Huron Valley Financial, Inc.
Similarity Rank: 1710

Civista Bank
Similarity Rank: 1764

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	134	$17,430,000	$130,075	$3,477	4.66%

For 2018, First National Bank Of Bellevue's most frequently originated type of loan was Conventional, with 134 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	78	$9,900,000	$126,923	$3,484	4.78%
Cash Out Refi	29	$4,045,000	$139,483	$3,777	4.53%
Refi	25	$3,045,000	$121,800	$2,876	4.50%
Home Improvement	2	$440,000	$220,000	$6,514	4.00%

For 2018, First National Bank Of Bellevue's most frequently cited loan purpose was Home Purchase, with 78 originations. The 2nd most popular reason was Cash Out Refi, with 29 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
30 Year	75	$10,435,000	$139,133	$3,681	4.71%
15 Year	31	$2,835,000	$91,452	$2,798	4.21%
20 Year	18	$2,730,000	$151,667	$3,731	5.28%
10 Year	4	$800,000	$200,000	$3,628	3.88%
Other	3	$165,000	$55,000	$1,841	5.50%
1 Year	2	$440,000	$220,000	$6,514	4.00%
5 Year	1	$25,000	$25,000	$1,164	5.50%

For 2018, First National Bank Of Bellevue's most frequently cited loan duration was 30 Year, with 75 originations. The 2nd most popular length was 15 Year, with 31 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$<1k	50	$4,710,000	$94,200
$1k-2k	37	$3,985,000	$107,703
$2k-3k	21	$4,365,000	$207,857
$3k-4k	7	$1,085,000	$155,000
$4k-5k	6	$1,460,000	$243,333
$5k+	1	$185,000	$185,000

First National Bank Of Bellevue's average total fees were $3,681, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 50 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
4-5%	90	$11,240,000	$124,889
3-4%	21	$3,255,000	$155,000
5-6%	21	$2,585,000	$123,095
6-7%	2	$350,000	$175,000

During 2018, First National Bank Of Bellevue's average interest rate for loans was 4.71%, while their most frequently originated rate bucket for loans was 4-5%, with 90 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	66	$4,080,000	$61,818	$2,815	4.68%
$100k-200k	45	$6,345,000	$141,000	$3,717	4.64%
$200k-400k	19	$5,115,000	$269,211	$4,823	4.58%
$400k-600k	4	$1,890,000	$472,500	$5,057	4.89%

2018 saw First National Bank Of Bellevue place emphasis on $100,000 or less loans with 66 originations, totaling $4,080,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k or less	38	$3,150,000	$82,895	$2,721	4.63%
$75k-100k	24	$2,860,000	$119,167	$3,759	4.55%
$50k-75k	23	$3,105,000	$135,000	$3,542	4.45%
$100k-150k	20	$2,530,000	$126,500	$3,449	4.64%
$150k-250k	14	$3,220,000	$230,000	$4,323	4.59%
$250k+	5	$1,195,000	$239,000	$4,923	4.50%

First National Bank Of Bellevue lent most frequently to those with incomes in the $50k or less range, with 38 originations. The second most popular income band? $75k-100k, with 24 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
30-36%	29	$3,095,000	$106,724	$3,206	4.53%
20-30%	27	$3,315,000	$122,778	$3,477	4.53%
<20%	13	$1,325,000	$101,923	$2,998	4.77%
37%	9	$1,385,000	$153,889	$3,528	4.47%
46%	7	$1,365,000	$195,000	$4,727	4.58%
39%	6	$720,000	$120,000	$3,339	4.83%
38%	5	$465,000	$93,000	$3,819	4.78%
48%	5	$745,000	$149,000	$4,373	4.40%
49%	5	$1,055,000	$211,000	$3,461	4.65%
36%	4	$510,000	$127,500	$3,623	4.06%
43%	3	$415,000	$138,333	$4,543	4.50%
41%	2	$180,000	$90,000	$2,377	4.38%
40%	2	$290,000	$145,000	$2,150	4.25%
44%	2	$130,000	$65,000	$3,217	4.69%
45%	2	$220,000	$110,000	$2,661	5.00%
47%	2	$550,000	$275,000	$3,856	4.13%
>60%	1	$295,000	$295,000	$0	6.25%

First National Bank Of Bellevue lent most frequently to those with DTI ratios of 30-36%, with 29 originations. The next most common DTI ratio? 20-30%, with 27 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	118	$14,640,000	$124,068	$3,474	4.57%
Not applicable	9	$1,175,000	$130,556	$0	5.71%
Asian	2	$910,000	$455,000	$4,838	5.14%
Not provided	5	$705,000	$141,000	$2,984	4.78%

Approval Rates

Total approvals of all applications
95.51%

First National Bank Of Bellevue has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

Pick Rate

Approvals leading to origination
89.55%

First National Bank Of Bellevue has an average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
NA	134	$17,430,000	$130,075

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	2	$490,000	$245,000
Single Family (1-4 Units):Manufactured	7	$685,000	$97,857
Single Family (1-4 Units):Site-Built	125	$16,255,000	$130,040

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	10	$1,740,000	$174,000	$2,922	4.92%
40-60%	11	$1,195,000	$108,636	$2,880	4.55%
60-80%	67	$9,115,000	$136,045	$3,570	4.69%
80-100%	44	$5,290,000	$120,227	$3,658	4.56%
Over 100%	1	$65,000	$65,000	$2,860	4.38%
Under 20%	1	$25,000	$25,000	$1,164	5.50%

Complaints

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

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
The First National Bank of Bellevue	3410 Venice Road Sandusky, OH 44870	Full Service B&M	$26,012
The First National Bank of Bellevue	200 South East Catawba Road Port Clinton, OH 43452	Full Service B&M	$22,085
The First National Bank of Bellevue	103 E Mcpherson Hwy Clyde, OH 43410	Full Service B&M	$4,984
The First National Bank of Bellevue	117 West Perry Street Port Clinton, OH 43452	Full Service B&M	$22,019
The First National Bank of Bellevue	120 North Street Bellevue, OH 44811	Full Service B&M	$88,819
The First National Bank of Bellevue	1300 Oak Harbor Road Fremont, OH 43420	Full Service B&M	$3,140
The First National Bank of Bellevue	180 Erie Street Put-In-Bay, OH 43456	Full Service B&M	$19,661

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

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$10,248
Net interest income	$8,707
Total noninterest income	$1,385
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$322
Trading account gains and fees	$0
Additional Noninterest Income	$1,063
Pre-tax net operating income	$3,557
Securities gains (or losses, -)	$0
Income before extraordinary items	$2,876
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$2,876
Minority interest net income	$0
Net income	$2,876
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$2,876

First National Bank Of Bellevue's gross interest income from loans was $10,248,000.
First National Bank Of Bellevue's net interest income from loans was $8,707,000.
First National Bank Of Bellevue's fee based income from loans was $322,000.
First National Bank Of Bellevue's net income from loans was $2,876,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$1,541
Provision for credit losses	$116
Total noninterest expense	$6,419
Salaries and employee benefits	$4,090
Premises and equipment expense	$630
Additional noninterest expense	$1,699
Applicable income taxes	$681
Net charge-offs	$72
Cash dividends	$0

First National Bank Of Bellevue's interest expense for loans was $1,541,000.
First National Bank Of Bellevue's payroll and benefits expense were $4,090,000.
First National Bank Of Bellevue's property, plant and equipment expenses $630,000.

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	2.0%
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	$187,166
Deposits held in domestic offices	$187,166
Deposits by Individuals, partnerships, and corporations	$174,904
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$12,258
Deposits by Commercial banks and other depository institutions in U.S.	$5
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$75,034
Demand deposits	$32,077
Nontransaction accounts	$112,133
Money market deposit accounts (MMDAs)	$43,753
Other savings deposits (excluding MMDAs)	$31,090
Total time deposits	$37,290
Total time and savings deposits	$155,090
Noninterest-bearing deposits	$32,064
Interest-bearing deposits	$155,102
Retail deposits	$155,988
IRAs and Keogh plan accounts	$3,347
Brokered deposits	$26,937
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$221,972
Cash & Balances due from depository institutions	$5,987
Interest-bearing balances	$0
Total securities	$22,040
Federal funds sold & reverse repurchase	$0
Net loans and leases	$182,218
Loan and leases loss allowance	$2,016
Trading account assets	$0
Bank premises and fixed assets	$3,739
Other real estate owned	$58
Goodwill and other intangibles	$720
All other assets	$7,210

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$221,972
Total Liabilities	$199,278
Total deposits	$187,166
Interest-bearing deposits	$155,102
Deposits held in domestic offices	$187,166
% insured (estimated)	$80
Federal funds purchased and repurchase agreements	$2,887
Trading liabilities	$0
Other borrowed funds	$7,230
Subordinated debt	$0
All other liabilities	$1,995

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$182,218
Loan and leases loss allowance	$2,016
Total loans and leases (domestic)	$184,234
All real estate loans	$142,184
Real estate loans in domestic offices	$142,184
Construction and development loans	$1,391
Residential 1-4 family construction	$304
Other construction, all land development and other land	$1,087
Loans secured by nonfarm nonresidential properties	$98,902
Nonfarm nonresidential secured by owner-occupied properties	$61,572
Commercial real estate & other non-farm, non-residential	$37,330
Multifamily residential real estate	$1,816
1-4 family residential loans	$35,007
Farmland loans	$5,068
Loans held in foreign offices	$0
Farm loans	$3,075
Commercial and industrial loans	$34,733
To non-U.S. addressees	$0
Loans to individuals	$4,288
Credit card loans	$670
Related Plans	$0
Consumer Auto Loans	$2,140
Other loans to individuals	$1,478
All other loans & leases	$117
Loans to foreign governments and official institutions	$0
Other loans	$0
Loans to depository institutions and acceptances of other banks	$117
Loans not secured by real estate	$0
Loans secured by real estate to non-U.S. addressees	$0
Restructured Loans & leases	$1,465
Non 1-4 family restructured loans & leases	$1,465
Total loans and leases (foreign)	$0

First National Bank of Bellevue had $182,218,000 of loans outstanding in 2018. $142,184,000 of loans were in real estate loans. $1,391,000 of loans were in development loans. $1,816,000 of loans were in multifamily mortgage loans. $35,007,000 of loans were in 1-4 family mortgage loans. $3,075,000 of loans were in farm loans. $670,000 of loans were in credit card loans. $2,140,000 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	149	$30,239	$202,946
Nonfarm, nonresidential loans - <$100k	34	$1,419	$41,735
Nonfarm, nonresidential loans - $100-250k	54	$7,027	$130,130
Nonfarm, nonresidential loans - $250k-1MM	61	$21,793	$357,262
Commercial & Industrial, US addressed loans - <$1MM	339	$25,541	$75,342
Commercial & Industrial, US addressed loans - <$100k	231	$4,882	$21,134
Commercial & Industrial, US addressed loans - $100-250k	56	$5,157	$92,089
Commercial & Industrial, US addressed loans - $250k-1MM	52	$15,502	$298,115
Farmland loans - <$1MM	39	$2,748	$70,462
Farmland loans - <$100k	31	$954	$30,774
Farmland loans - $100-250k	5	$762	$152,400
Farmland loans - $250k-1MM	3	$1,032	$344,000
Agriculture operations loans - <$1MM	36	$2,432	$67,556
Agriculture operations loans - <$100k	25	$718	$28,720
Agriculture operations loans - $100-250k	8	$1,018	$127,250
Agriculture operations loans - $250k-1MM	3	$696	$232,000