First National Bank Mortgage Rates, Fees & Info

Ft. Pierre, SD

LEI: 254900OD9TDRYGWJ0N48

Tax ID: 46-0177437

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Mortgage Data

Review & Overview

First National Bank is a smaller bank specializing in Home Purchase loans. First National Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Rapid City, Huron, Pierre, Minneapolis, and Fort Collins among others. We have data for 28 markets. (Some data included below & more in-depth data is available with an active subscription.)

First National Bank 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.

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.

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Originations

214

Origination Dollar Volume (All Markets)

$59,690,000

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
RAPID CITY, SD (FHA|USDA|VA) 34 $10,430,000 $306,765 $0 0.00%
Huron, SD (FHA|USDA|VA) 49 $8,665,000 $176,837 $0 0.00%
Outside of Metro Areas 35 $7,645,000 $218,429 $0 0.00%
Pierre, SD (FHA|USDA|VA) 25 $5,945,000 $237,800 $0 0.00%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 15 $5,925,000 $395,000 $0 0.00%
FORT COLLINS, CO (FHA|USDA|VA) 7 $3,505,000 $500,714 $0 0.00%
GREELEY, CO (FHA|USDA|VA) 8 $3,220,000 $402,500 $0 0.00%
Spearfish, SD (FHA|USDA|VA) 10 $2,940,000 $294,000 $0 0.00%
BOULDER, CO (FHA|USDA|VA) 2 $2,250,000 $1,125,000 $0 0.00%
SIOUX FALLS, SD (FHA|USDA|VA) 6 $2,160,000 $360,000 $0 0.00%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 2 $1,180,000 $590,000 $0 0.00%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $605,000 $605,000 $0 0.00%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 2 $550,000 $275,000 $0 0.00%
Fernley, NV (FHA|USDA|VA) 2 $510,000 $255,000 $0 0.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $495,000 $495,000 $0 0.00%
Mitchell, SD (FHA|USDA|VA) 2 $470,000 $235,000 $0 0.00%
PITTSFIELD, MA (FHA|USDA|VA) 1 $415,000 $415,000 $0 0.00%
PUEBLO, CO (FHA|USDA|VA) 1 $405,000 $405,000 $0 0.00%
RENO, NV (FHA|USDA|VA) 1 $385,000 $385,000 $0 0.00%
MANHATTAN, KS (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 1 $265,000 $265,000 $0 0.00%
Steamboat Springs, CO (FHA|USDA|VA) 1 $265,000 $265,000 $0 0.00%
ROCHESTER, MN (FHA|USDA|VA) 2 $260,000 $130,000 $0 0.00%
FARGO, ND-MN (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
MANKATO, MN (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
GRAND JUNCTION, CO (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
Gillette, WY (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
First National Bank's top markets include Rapid City, Huron, Pierre, Minneapolis, and Fort Collins among others.

Their top states include:
  • South Dakota (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)
  • Similar Lenders

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

    South Metro Federal Credit Union
    Similarity Rank: 45
    First Dakota National Bank
    Similarity Rank: 99
    MY Credit Union
    Similarity Rank: 130
    Dacotah Bank
    Similarity Rank: 162
    American Bank & Trust
    Similarity Rank: 225
    SOUTHERN LENDING SERVICES, LTD.
    Similarity Rank: 264
    METRO CU
    Similarity Rank: 275
    SHAREPOINT CREDIT UNION
    Similarity Rank: 348
    Exchange Bank
    Similarity Rank: 405
    Shea Mortgage Inc.
    Similarity Rank: 440

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 182 $51,610,000 $283,571 $0 0.00%
    FHA 24 $5,650,000 $235,417 $0 0.00%
    VA 7 $2,335,000 $333,571 $0 0.00%
    USDA 1 $95,000 $95,000 $0 0.00%

    For 2024, First National Bank's most frequently originated type of loan was Conventional, with 182 originations. Their 2nd most popular type was FHA, with 24 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 174 $47,640,000 $273,793 $0 0.00%
    Refi 20 $8,690,000 $434,500 $0 0.00%
    Home Improvement 10 $1,210,000 $121,000 $0 0.00%
    Cash Out Refi 9 $2,005,000 $222,778 $0 0.00%
    Other 1 $145,000 $145,000 $0 0.00%

    For 2024, First National Bank's most frequently cited loan purpose was Home Purchase, with 174 originations. The 2nd most popular reason was Refi, with 20 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 214 $59,690,000 $278,925 $0 0.00%

    For 2024, First National Bank's most frequently cited loan duration was Other, with 214 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 98 $28,510,000 $290,918 $0 0.00%
    $100k-200k 56 $8,440,000 $150,714 $0 0.00%
    $100,000 or less 26 $1,730,000 $66,538 $0 0.00%
    $400k-600k 20 $9,310,000 $465,500 $0 0.00%
    $600k-1MM 11 $7,805,000 $709,545 $0 0.00%
    $1MM+ 3 $3,895,000 $1,298,333 $0 0.00%

    2024 saw First National Bank place emphasis on $200k-400k loans with 98 originations, totaling $28,510,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 45 $8,635,000 $191,889 $0 0.00%
    $100k-150k 37 $9,555,000 $258,243 $0 0.00%
    $250k+ 27 $11,185,000 $414,259 $0 0.00%
    $50k or less 24 $2,790,000 $116,250 $0 0.00%
    $75k-100k 22 $5,590,000 $254,091 $0 0.00%
    $150k-250k 20 $6,310,000 $315,500 $0 0.00%

    First National Bank lent most frequently to those with incomes in the $50k-75k range, with 45 originations. The second most popular income band? $100k-150k, with 37 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 214 $59,690,000 $278,925 $0 0.00%

    First National Bank lent most frequently to those with DTI ratios of Exempt%, with 214 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 153 $40,055,000 $261,797 $0 0.00%
    Not applicable 29 $12,285,000 $423,621 $0 0.00%
    Not provided 13 $3,755,000 $288,846 $0 0.00%
    Asian 12 $2,410,000 $200,833 $0 0.00%
    Black 3 $795,000 $265,000 $0 0.00%
    American Indian 3 $355,000 $118,333 $0 0.00%
    Guamanian 1 $35,000 $35,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.44%

    First National Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    76.17%

    First National Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 214 $59,690,000 $278,925

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    214 $59,690,000 $278,925