Firstbank Of Nebraska Mortgage Rates, Fees & Info

Wahoo, NE

LEI: 254900PO1C5ZTB4V4859

Tax ID: 47-0326425

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Firstbank Of Nebraska is a smaller bank specializing in Home Purchase loans. Firstbank Of Nebraska has a high proportion of conventional loans. Their top markets by origination volume include: Omaha, Lincoln, Lexington, Watertown, and Beatrice among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Firstbank Of Nebraska has an above average approval rate when compared to the average across all lenders. They have an above 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

    173

    Origination Dollar Volume (All Markets)

    $23,805,000

    Employee count

    40

    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
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 68 $11,370,000 $167,206 $0 0.00%
    Outside of Metro Areas 76 $7,840,000 $103,158 $0 0.00%
    LINCOLN, NE (FHA|USDA|VA) 14 $1,760,000 $125,714 $0 0.00%
    Lexington, NE (FHA|USDA|VA) 2 $720,000 $360,000 $0 0.00%
    Watertown, SD (FHA|USDA|VA) 1 $525,000 $525,000 $0 0.00%
    Beatrice, NE (FHA|USDA|VA) 6 $380,000 $63,333 $0 0.00%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $375,000 $375,000 $0 0.00%
    Kearney, NE (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
    Fremont, NE (FHA|USDA|VA) 3 $285,000 $95,000 $0 0.00%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
    Firstbank Of Nebraska's top markets include Omaha, Lincoln, Lexington, Watertown, and Beatrice among others.

    Their top states include:
  • Nebraska (FHA|USDA|VA)
  • South Dakota (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 159 $22,295,000 $140,220 $0 0.00%
    USDA 14 $1,510,000 $107,857 $0 0.00%

    For 2018, Firstbank Of Nebraska's most frequently originated type of loan was Conventional, with 159 originations. Their 2nd most popular type was USDA, with 14 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 108 $16,750,000 $155,093 $0 0.00%
    Refi 29 $4,135,000 $142,586 $0 0.00%
    Home Improvement 16 $540,000 $33,750 $0 0.00%
    Other 14 $1,290,000 $92,143 $0 0.00%
    Cash Out Refi 6 $1,090,000 $181,667 $0 0.00%

    For 2018, Firstbank Of Nebraska's most frequently cited loan purpose was Home Purchase, with 108 originations. The 2nd most popular reason was Refi, with 29 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 173 $23,805,000 $137,601 $0 0.00%

    For 2018, Firstbank Of Nebraska's most frequently cited loan duration was Other, with 173 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 77 $4,095,000 $53,182 $0 0.00%
    $100k-200k 56 $8,080,000 $144,286 $0 0.00%
    $200k-400k 36 $9,670,000 $268,611 $0 0.00%
    $400k-600k 4 $1,960,000 $490,000 $0 0.00%

    2018 saw Firstbank Of Nebraska place emphasis on $100,000 or less loans with 77 originations, totaling $4,095,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 39 $3,315,000 $85,000 $0 0.00%
    $100k-150k 38 $5,880,000 $154,737 $0 0.00%
    $75k-100k 32 $4,490,000 $140,313 $0 0.00%
    $50k-75k 23 $2,805,000 $121,957 $0 0.00%
    $150k-250k 19 $3,765,000 $198,158 $0 0.00%
    $250k+ 7 $2,095,000 $299,286 $0 0.00%

    Firstbank Of Nebraska lent most frequently to those with incomes in the $50k or less range, with 39 originations. The second most popular income band? $100k-150k, with 38 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 173 $23,805,000 $137,601 $0 0.00%

    Firstbank Of Nebraska lent most frequently to those with DTI ratios of Exempt%, with 173 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 148 $20,400,000 $137,838 $0 0.00%
    Not provided 15 $1,935,000 $129,000 $0 0.00%
    Not applicable 8 $820,000 $102,500 $0 0.00%
    Native Hawaiian or Islander 1 $385,000 $385,000 $0 0.00%
    Black 1 $265,000 $265,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.31%

    Firstbank Of Nebraska 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
    94.22%

    Firstbank Of Nebraska has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 173 $23,805,000 $137,601

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 3 $295,000 $98,333
    Single Family (1-4 Units):Site-Built 170 $23,510,000 $138,294

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    FIRSTBANK Home equity loan or line of credit (HELOC) Trouble during payment process 1 33.3%
    FIRSTBANK Other type of mortgage Trouble during payment process 1 33.3%
    FIRSTBANK Conventional home mortgage Closing on a mortgage 1 33.3%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    FirstBank of Nebraska 225 Highway 41 Sterling, NE 68443 Full Service B&M $18,017
    FirstBank of Nebraska 320 Fifth St Syracuse, NE 68446 Full Service B&M $61,295
    FirstBank of Nebraska 200 Pawnee St Burchard, NE 68323 Full Service B&M $8,438
    FirstBank of Nebraska 201 East 5th Wahoo, NE 68066 Full Service B&M $82,165

    For 2018, Firstbank Of Nebraska had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $10,702
    Net interest income $9,038
    Total noninterest income $972
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $311
    Trading account gains and fees $0
    Additional Noninterest Income $661
    Pre-tax net operating income $5,018
    Securities gains (or losses, -) $1
    Income before extraordinary items $4,933
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,933
    Minority interest net income $0
    Net income $4,933
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,932

    Firstbank Of Nebraska's gross interest income from loans was $10,702,000.
    Firstbank Of Nebraska's net interest income from loans was $9,038,000.
    Firstbank Of Nebraska's fee based income from loans was $311,000.
    Firstbank Of Nebraska's net income from loans was $4,933,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,664
    Provision for credit losses $490
    Total noninterest expense $4,502
    Salaries and employee benefits $2,991
    Premises and equipment expense $355
    Additional noninterest expense $1,156
    Applicable income taxes $86
    Net charge-offs $11
    Cash dividends $1,325

    Firstbank Of Nebraska's interest expense for loans was $1,664,000.
    Firstbank Of Nebraska's payroll and benefits expense were $2,991,000.
    Firstbank Of Nebraska's property, plant and equipment expenses $355,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 3.0%
    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 $191,483
    Deposits held in domestic offices $191,483
    Deposits by Individuals, partnerships, and corporations $171,645
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $19,838
    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 $71,529
    Demand deposits $71,529
    Nontransaction accounts $119,954
    Money market deposit accounts (MMDAs) $32,649
    Other savings deposits (excluding MMDAs) $22,284
    Total time deposits $65,021
    Total time and savings deposits $119,954
    Noninterest-bearing deposits $45,222
    Interest-bearing deposits $146,261
    Retail deposits $155,680
    IRAs and Keogh plan accounts $5,694
    Brokered deposits $33,160
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $269,734
    Cash & Balances due from depository institutions $8,828
    Interest-bearing balances $1,774
    Total securities $92,040
    Federal funds sold & reverse repurchase $0
    Net loans and leases $159,681
    Loan and leases loss allowance $2,205
    Trading account assets $0
    Bank premises and fixed assets $1,853
    Other real estate owned $30
    Goodwill and other intangibles $1,028
    All other assets $6,274

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $269,734
    Total Liabilities $244,187
    Total deposits $191,483
    Interest-bearing deposits $146,261
    Deposits held in domestic offices $191,483
    % insured (estimated) $85
    Federal funds purchased and repurchase agreements $33,638
    Trading liabilities $0
    Other borrowed funds $17,888
    Subordinated debt $0
    All other liabilities $1,178

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $159,681
    Loan and leases loss allowance $2,205
    Total loans and leases (domestic) $161,886
    All real estate loans $109,769
    Real estate loans in domestic offices $109,769
    Construction and development loans $6,120
    Residential 1-4 family construction $3,970
    Other construction, all land development and other land $2,150
    Loans secured by nonfarm nonresidential properties $24,159
    Nonfarm nonresidential secured by owner-occupied properties $10,945
    Commercial real estate & other non-farm, non-residential $13,214
    Multifamily residential real estate $485
    1-4 family residential loans $24,769
    Farmland loans $54,236
    Loans held in foreign offices $0
    Farm loans $35,405
    Commercial and industrial loans $12,806
    To non-U.S. addressees $0
    Loans to individuals $3,031
    Credit card loans $0
    Related Plans $33
    Consumer Auto Loans $1,633
    Other loans to individuals $1,365
    All other loans & leases $875
    Loans to foreign governments and official institutions $0
    Other loans $298
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $68
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    FirstBank of Nebraska had $159,681,000 of loans outstanding in 2018. $109,769,000 of loans were in real estate loans. $6,120,000 of loans were in development loans. $485,000 of loans were in multifamily mortgage loans. $24,769,000 of loans were in 1-4 family mortgage loans. $35,405,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,633,000 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 $9,935 $157,698
    Nonfarm, nonresidential loans - <$100k 32 $1,103 $34,469
    Nonfarm, nonresidential loans - $100-250k 17 $2,142 $126,000
    Nonfarm, nonresidential loans - $250k-1MM 14 $6,690 $477,857
    Commercial & Industrial, US addressed loans - <$1MM 147 $10,266 $69,837
    Commercial & Industrial, US addressed loans - <$100k 105 $2,013 $19,171
    Commercial & Industrial, US addressed loans - $100-250k 26 $2,622 $100,846
    Commercial & Industrial, US addressed loans - $250k-1MM 16 $5,631 $351,938
    Farmland loans - <$1MM 150 $20,877 $139,180
    Farmland loans - <$100k 45 $2,082 $46,267
    Farmland loans - $100-250k 68 $7,999 $117,632
    Farmland loans - $250k-1MM 37 $10,796 $291,784
    Agriculture operations loans - <$1MM 267 $20,367 $76,281
    Agriculture operations loans - <$100k 175 $4,656 $26,606
    Agriculture operations loans - $100-250k 61 $6,972 $114,295
    Agriculture operations loans - $250k-1MM 31 $8,739 $281,903