First National Bank Mortgage Rates, Fees & Info

Ft. Pierre, SD

LEI: 254900OD9TDRYGWJ0N48

Tax ID: 46-0177437

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Mortgage Data

Bank 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, Denver, Pierre, Spearfish, and Huron among others. We have data for 25 markets. (Some data included below & more in-depth data is available with an active subscription.)

First National 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.

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 6.54% 3/25/24
30 Year Conventional Refi 6.25% 3/25/24
30 Year Cash-out Refi 6.53% 3/25/24
30 Year FHA Purchase 7.32% 3/25/24
30 Year FHA Refi 6.27% 3/25/24
30 Year VA Purchase 6.16% 3/25/24
30 Year VA Refi 6.27% 3/25/24
30 Year USDA Purchase 6.63% 3/25/24
15 Year Conventional Purchase 5.99% 3/25/24
15 Year Conventional Refi 5.91% 3/25/24
15 Year Cash-out Refi 5.91% 3/25/24
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 Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from First National 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

296

Origination Dollar Volume (All Markets)

$71,140,000

Employee count

131

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) 141 $32,145,000 $227,979 $0 0.00%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 20 $9,700,000 $485,000 $0 0.00%
Outside of Metro Areas 37 $6,445,000 $174,189 $0 0.00%
Pierre, SD (FHA|USDA|VA) 24 $5,940,000 $247,500 $0 0.00%
Spearfish, SD (FHA|USDA|VA) 13 $3,695,000 $284,231 $0 0.00%
Huron, SD (FHA|USDA|VA) 24 $3,270,000 $136,250 $0 0.00%
SIOUX FALLS, SD (FHA|USDA|VA) 11 $2,885,000 $262,273 $0 0.00%
Breckenridge, CO (FHA|USDA|VA) 2 $1,000,000 $500,000 $0 0.00%
Kapaa, HI (FHA|USDA|VA) 1 $715,000 $715,000 $0 0.00%
GRAND JUNCTION, CO (FHA|USDA|VA) 2 $610,000 $305,000 $0 0.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 3 $605,000 $201,667 $0 0.00%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $575,000 $575,000 $0 0.00%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $535,000 $535,000 $0 0.00%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $520,000 $260,000 $0 0.00%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $385,000 $385,000 $0 0.00%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 3 $355,000 $118,333 $0 0.00%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
ENID, OK (FHA|USDA|VA) 1 $265,000 $265,000 $0 0.00%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 2 $260,000 $130,000 $0 0.00%
Hobbs, NM (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
THE VILLAGES, FL (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
Watertown, SD (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
COLUMBIA, MO (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
UTICA-ROME, NY (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
First National Bank's top markets include Rapid City, Denver, Pierre, Spearfish, and Huron among others.

Their top states include:
  • South Dakota (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Hawaii (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.

    First Dakota National Bank
    Similarity Rank: 92
    LIBERTY FIRST
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    CHARTER WEST BANK
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    Dacotah Bank
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    Washington County Bank
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    Central National Bank
    Similarity Rank: 290
    MUTUAL FIRST
    Similarity Rank: 297
    Lincoln FSB of Nebraska
    Similarity Rank: 304
    First State Bank
    Similarity Rank: 312
    CORNHUSKER BANK
    Similarity Rank: 392

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 198 $50,510,000 $255,101 $0 0.00%
    VA 52 $12,690,000 $244,038 $0 0.00%
    FHA 25 $4,495,000 $179,800 $0 0.00%
    USDA 21 $3,445,000 $164,048 $0 0.00%

    For 2018, First National Bank's most frequently originated type of loan was Conventional, with 198 originations. Their 2nd most popular type was VA, with 52 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 232 $55,040,000 $237,241 $0 0.00%
    Refi 31 $9,415,000 $303,710 $0 0.00%
    Cash Out Refi 21 $4,415,000 $210,238 $0 0.00%
    Other 11 $2,165,000 $196,818 $0 0.00%
    Home Improvement 1 $105,000 $105,000 $0 0.00%

    For 2018, First National Bank's most frequently cited loan purpose was Home Purchase, with 232 originations. The 2nd most popular reason was Refi, with 31 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 296 $71,140,000 $240,338 $0 0.00%

    For 2018, First National Bank's most frequently cited loan duration was Other, with 296 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 116 $18,080,000 $155,862 $0 0.00%
    $200k-400k 100 $25,750,000 $257,500 $0 0.00%
    $100,000 or less 44 $3,010,000 $68,409 $0 0.00%
    $400k-600k 24 $11,080,000 $461,667 $0 0.00%
    $600k-1MM 7 $5,335,000 $762,143 $0 0.00%
    $1MM+ 5 $7,885,000 $1,577,000 $0 0.00%

    2018 saw First National Bank place emphasis on $100k-200k loans with 116 originations, totaling $18,080,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 68 $11,610,000 $170,735 $0 0.00%
    $50k or less 58 $8,210,000 $141,552 $0 0.00%
    $100k-150k 53 $12,835,000 $242,170 $0 0.00%
    $75k-100k 44 $8,460,000 $192,273 $0 0.00%
    $150k-250k 33 $9,415,000 $285,303 $0 0.00%
    $250k+ 14 $4,610,000 $329,286 $0 0.00%

    First National Bank lent most frequently to those with incomes in the $50k-75k range, with 68 originations. The second most popular income band? $50k or less, with 58 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 296 $71,140,000 $240,338 $0 0.00%

    First National Bank lent most frequently to those with DTI ratios of Exempt%, with 296 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 253 $51,755,000 $204,565 $0 0.00%
    Not applicable 25 $15,505,000 $620,200 $0 0.00%
    Not provided 9 $1,785,000 $198,333 $0 0.00%
    Black 4 $1,110,000 $277,500 $0 0.00%
    Asian 3 $705,000 $235,000 $0 0.00%
    American Indian 2 $280,000 $140,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.74%

    First National Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    81.76%

    First National Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 296 $71,140,000 $240,338

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $5,000 $5,000
    Multifamily:Site-Built 16 $12,930,000 $808,125
    Single Family (1-4 Units):Manufactured 10 $1,220,000 $122,000
    Single Family (1-4 Units):Site-Built 269 $56,985,000 $211,840

    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)
    First National Bank 125 West Sioux Avenue Pierre, SD 57501 Full Service B&M $212,880
    First National Bank 18th And Dakota Avenue South Huron, SD 57350 Limited, Drive-thru $0
    First National Bank 197 Glendale Ave. Lead, SD 57754 Full Service B&M $39,099
    First National Bank 204 Main Street Mc Laughlin, SD 57642 Full Service B&M $17,158
    First National Bank 210 Main Avenue North Lake Preston, SD 57249 Full Service B&M $13,195
    First National Bank 217 Girard Newell, SD 57760 Full Service B&M $26,253
    First National Bank 2900 East Airport Road Pierre, SD 57501 Full Service B&M $0
    First National Bank 307 E Hustan Ave Fort Pierre, SD 57532 Full Service B&M $41,673
    First National Bank 333 Dakota Avenue South Huron, SD 57350 Full Service B&M $91,077
    First National Bank 410 Main Street Murdo, SD 57559 Full Service B&M $13,932
    First National Bank 501 Main Street Midland, SD 57552 Full Service B&M $7,510
    First National Bank 632 Main Street Rapid City, SD 57701 Full Service B&M $54,524
    First National Bank 7777 East Arapahoe Road Englewood, CO 80112 Full Service B&M $159,446
    First National Bank 955 Main Street Sturgis, SD 57785 Full Service B&M $23,031

    For 2018, First National Bank had 14 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $87,657
    Net interest income $84,903
    Total noninterest income $30,034
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,291
    Trading account gains and fees $0
    Additional Noninterest Income $28,743
    Pre-tax net operating income $34,858
    Securities gains (or losses, -) $-127
    Income before extraordinary items $25,083
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $25,083
    Minority interest net income $0
    Net income $25,083
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $25,183

    First National Bank's gross interest income from loans was $87,657,000.
    First National Bank's net interest income from loans was $84,903,000.
    First National Bank's fee based income from loans was $1,291,000.
    First National Bank's net income from loans was $25,083,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,754
    Provision for credit losses $38,429
    Total noninterest expense $41,650
    Salaries and employee benefits $10,614
    Premises and equipment expense $2,329
    Additional noninterest expense $28,707
    Applicable income taxes $9,648
    Net charge-offs $35,451
    Cash dividends $3,883

    First National Bank's interest expense for loans was $2,754,000.
    First National Bank's payroll and benefits expense were $10,614,000.
    First National Bank's property, plant and equipment expenses $2,329,000.

    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 2.0%
    Credit card loans 2.5%
    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 $718,604
    Deposits held in domestic offices $718,604
    Deposits by Individuals, partnerships, and corporations $634,129
    Deposits by U.S. Government $421
    Deposits by States and political subdivisions in the U.S. $82,487
    Deposits by Commercial banks and other depository institutions in U.S. $1,567
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $42,670
    Demand deposits $22,888
    Nontransaction accounts $675,934
    Money market deposit accounts (MMDAs) $208,410
    Other savings deposits (excluding MMDAs) $366,184
    Total time deposits $101,340
    Total time and savings deposits $695,716
    Noninterest-bearing deposits $162,996
    Interest-bearing deposits $555,608
    Retail deposits $691,167
    IRAs and Keogh plan accounts $13,729
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $997,633
    Cash & Balances due from depository institutions $69,231
    Interest-bearing balances $64,085
    Total securities $133,697
    Federal funds sold & reverse repurchase $980
    Net loans and leases $745,386
    Loan and leases loss allowance $54,198
    Trading account assets $0
    Bank premises and fixed assets $20,425
    Other real estate owned $1,333
    Goodwill and other intangibles $5,706
    All other assets $20,875

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $997,633
    Total Liabilities $746,792
    Total deposits $718,604
    Interest-bearing deposits $555,608
    Deposits held in domestic offices $718,604
    % insured (estimated) $66
    Federal funds purchased and repurchase agreements $6,750
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $21,438

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $745,386
    Loan and leases loss allowance $54,198
    Total loans and leases (domestic) $799,584
    All real estate loans $497,969
    Real estate loans in domestic offices $497,969
    Construction and development loans $46,114
    Residential 1-4 family construction $7,169
    Other construction, all land development and other land $38,945
    Loans secured by nonfarm nonresidential properties $304,889
    Nonfarm nonresidential secured by owner-occupied properties $45,462
    Commercial real estate & other non-farm, non-residential $259,427
    Multifamily residential real estate $38,521
    1-4 family residential loans $46,248
    Farmland loans $62,197
    Loans held in foreign offices $0
    Farm loans $55,367
    Commercial and industrial loans $73,062
    To non-U.S. addressees $0
    Loans to individuals $171,002
    Credit card loans $164,259
    Related Plans $243
    Consumer Auto Loans $2,109
    Other loans to individuals $4,391
    All other loans & leases $2,184
    Loans to foreign governments and official institutions $0
    Other loans $2,184
    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 $1,827
    Non 1-4 family restructured loans & leases $1,827
    Total loans and leases (foreign) $0

    First National Bank had $745,386,000 of loans outstanding in 2018. $497,969,000 of loans were in real estate loans. $46,114,000 of loans were in development loans. $38,521,000 of loans were in multifamily mortgage loans. $46,248,000 of loans were in 1-4 family mortgage loans. $55,367,000 of loans were in farm loans. $164,259,000 of loans were in credit card loans. $2,109,000 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 347 $96,053 $276,810
    Nonfarm, nonresidential loans - <$100k 55 $2,343 $42,600
    Nonfarm, nonresidential loans - $100-250k 120 $15,500 $129,167
    Nonfarm, nonresidential loans - $250k-1MM 172 $78,210 $454,709
    Commercial & Industrial, US addressed loans - <$1MM 449 $30,034 $66,891
    Commercial & Industrial, US addressed loans - <$100k 324 $8,101 $25,003
    Commercial & Industrial, US addressed loans - $100-250k 77 $8,138 $105,688
    Commercial & Industrial, US addressed loans - $250k-1MM 48 $13,795 $287,396
    Farmland loans - <$1MM 174 $24,749 $142,236
    Farmland loans - <$100k 48 $2,065 $43,021
    Farmland loans - $100-250k 84 $11,453 $136,345
    Farmland loans - $250k-1MM 42 $11,231 $267,405
    Agriculture operations loans - <$1MM 645 $38,453 $59,617
    Agriculture operations loans - <$100k 441 $11,701 $26,533
    Agriculture operations loans - $100-250k 151 $15,626 $103,483
    Agriculture operations loans - $250k-1MM 53 $11,126 $209,925