Firstbank Of Nebraska Mortgage Rates, Fees & Info

Wahoo, NE

LEI: 254900PO1C5ZTB4V4859

Tax ID: 47-0326425

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

Jump to:

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 and Cash Out Refi loans. Firstbank Of Nebraska has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Omaha, Lincoln, Beatrice, Kearney, and Seattle among others. We have data for 9 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    205

    Origination Dollar Volume (All Markets)

    $30,035,000

    Employee count

    39

    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) 89 $14,645,000 $164,551 $0 0.00%
    Outside of Metro Areas 80 $9,480,000 $118,500 $0 0.00%
    LINCOLN, NE (FHA|USDA|VA) 19 $3,325,000 $175,000 $0 0.00%
    Beatrice, NE (FHA|USDA|VA) 8 $1,090,000 $136,250 $0 0.00%
    Kearney, NE (FHA|USDA|VA) 3 $615,000 $205,000 $0 0.00%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $485,000 $485,000 $0 0.00%
    Fremont, NE (FHA|USDA|VA) 3 $205,000 $68,333 $0 0.00%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
    Watertown, SD (FHA|USDA|VA) 1 $25,000 $25,000 $0 0.00%
    Firstbank Of Nebraska's top markets include Omaha, Lincoln, Beatrice, Kearney, and Seattle among others.

    Their top states include:
  • Nebraska (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • South Dakota (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 192 $28,650,000 $149,219 $0 0.00%
    USDA 13 $1,385,000 $106,538 $0 0.00%

    For 2019, Firstbank Of Nebraska's most frequently originated type of loan was Conventional, with 192 originations. Their 2nd most popular type was USDA, with 13 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 109 $15,225,000 $139,679 $0 0.00%
    Refi 37 $5,885,000 $159,054 $0 0.00%
    Cash Out Refi 34 $6,530,000 $192,059 $0 0.00%
    Other 15 $1,815,000 $121,000 $0 0.00%
    Home Improvement 10 $580,000 $58,000 $0 0.00%

    For 2019, Firstbank Of Nebraska's most frequently cited loan purpose was Home Purchase, with 109 originations. The 2nd most popular reason was Refi, with 37 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 205 $30,035,000 $146,512 $0 0.00%

    For 2019, Firstbank Of Nebraska's most frequently cited loan duration was Other, with 205 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 78 $4,210,000 $53,974 $0 0.00%
    $100k-200k 73 $10,465,000 $143,356 $0 0.00%
    $200k-400k 50 $13,420,000 $268,400 $0 0.00%
    $400k-600k 4 $1,940,000 $485,000 $0 0.00%

    2019 saw Firstbank Of Nebraska place emphasis on $100,000 or less loans with 78 originations, totaling $4,210,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 52 $4,430,000 $85,192 $0 0.00%
    $100k-150k 49 $9,725,000 $198,469 $0 0.00%
    $50k-75k 42 $4,940,000 $117,619 $0 0.00%
    $75k-100k 31 $5,115,000 $165,000 $0 0.00%
    $150k-250k 10 $2,070,000 $207,000 $0 0.00%
    $250k+ 10 $2,520,000 $252,000 $0 0.00%

    Firstbank Of Nebraska lent most frequently to those with incomes in the $50k or less range, with 52 originations. The second most popular income band? $100k-150k, with 49 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 205 $30,035,000 $146,512 $0 0.00%

    Firstbank Of Nebraska lent most frequently to those with DTI ratios of Exempt%, with 205 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 195 $28,975,000 $148,590 $0 0.00%
    Not provided 5 $575,000 $115,000 $0 0.00%
    Not applicable 4 $310,000 $77,500 $0 0.00%
    Asian 1 $175,000 $175,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    99.53%

    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
    97.07%

    Firstbank Of Nebraska has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 205 $30,035,000 $146,512

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $255,000 $255,000
    Single Family (1-4 Units):Manufactured 1 $45,000 $45,000
    Single Family (1-4 Units):Site-Built 203 $29,735,000 $146,478

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    FIRSTBANK Home equity loan or line of credit (HELOC) Trouble during payment process 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    FirstBank of Nebraska 110 Pawnee St Burchard, NE 68323 Full Service B&M $8,831
    FirstBank of Nebraska 201 East 5th Wahoo, NE 68066 Full Service B&M $103,396
    FirstBank of Nebraska 225 Highway 41 Sterling, NE 68443 Full Service B&M $19,016
    FirstBank of Nebraska 320 Fifth St Syracuse, NE 68446 Full Service B&M $64,874

    For 2019, Firstbank Of Nebraska had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $12,506
    Net interest income $9,844
    Total noninterest income $941
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $305
    Trading account gains and fees $0
    Additional Noninterest Income $636
    Pre-tax net operating income $5,644
    Securities gains (or losses, -) $109
    Income before extraordinary items $5,663
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,663
    Minority interest net income $0
    Net income $5,663
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $5,556

    Firstbank Of Nebraska's gross interest income from loans was $12,506,000.
    Firstbank Of Nebraska's net interest income from loans was $9,844,000.
    Firstbank Of Nebraska's fee based income from loans was $305,000.
    Firstbank Of Nebraska's net income from loans was $5,663,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,662
    Provision for credit losses $600
    Total noninterest expense $4,541
    Salaries and employee benefits $3,155
    Premises and equipment expense $358
    Additional noninterest expense $1,028
    Applicable income taxes $90
    Net charge-offs $255
    Cash dividends $2,000

    Firstbank Of Nebraska's interest expense for loans was $2,662,000.
    Firstbank Of Nebraska's payroll and benefits expense were $3,155,000.
    Firstbank Of Nebraska's property, plant and equipment expenses $358,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    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 1.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $200,309
    Deposits held in domestic offices $200,309
    Deposits by Individuals, partnerships, and corporations $169,765
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $21,938
    Deposits by Commercial banks and other depository institutions in U.S. $8,606
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $74,581
    Demand deposits $74,581
    Nontransaction accounts $125,728
    Money market deposit accounts (MMDAs) $33,915
    Other savings deposits (excluding MMDAs) $22,526
    Total time deposits $69,287
    Total time and savings deposits $125,728
    Noninterest-bearing deposits $44,742
    Interest-bearing deposits $155,567
    Retail deposits $172,646
    IRAs and Keogh plan accounts $5,363
    Brokered deposits $24,164
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $282,384
    Cash & Balances due from depository institutions $11,191
    Interest-bearing balances $2,894
    Total securities $87,707
    Federal funds sold & reverse repurchase $4,312
    Net loans and leases $169,409
    Loan and leases loss allowance $2,550
    Trading account assets $0
    Bank premises and fixed assets $2,052
    Other real estate owned $0
    Goodwill and other intangibles $1,028
    All other assets $6,685

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $282,384
    Total Liabilities $250,270
    Total deposits $200,309
    Interest-bearing deposits $155,567
    Deposits held in domestic offices $200,309
    % insured (estimated) $85
    Federal funds purchased and repurchase agreements $32,287
    Trading liabilities $0
    Other borrowed funds $14,622
    Subordinated debt $0
    All other liabilities $3,052

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $169,409
    Loan and leases loss allowance $2,550
    Total loans and leases (domestic) $171,959
    All real estate loans $121,915
    Real estate loans in domestic offices $121,915
    Construction and development loans $13,514
    Residential 1-4 family construction $2,390
    Other construction, all land development and other land $11,124
    Loans secured by nonfarm nonresidential properties $18,832
    Nonfarm nonresidential secured by owner-occupied properties $14,462
    Commercial real estate & other non-farm, non-residential $4,370
    Multifamily residential real estate $5,127
    1-4 family residential loans $23,946
    Farmland loans $60,496
    Loans held in foreign offices $0
    Farm loans $32,191
    Commercial and industrial loans $14,362
    To non-U.S. addressees $0
    Loans to individuals $2,910
    Credit card loans $0
    Related Plans $34
    Consumer Auto Loans $1,742
    Other loans to individuals $1,134
    All other loans & leases $581
    Loans to foreign governments and official institutions $0
    Other loans $62
    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 $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    FirstBank of Nebraska had $169,409,000 of loans outstanding in 2019. $121,915,000 of loans were in real estate loans. $13,514,000 of loans were in development loans. $5,127,000 of loans were in multifamily mortgage loans. $23,946,000 of loans were in 1-4 family mortgage loans. $32,191,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,742,000 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 60 $6,787 $113,117
    Nonfarm, nonresidential loans - <$100k 30 $1,140 $38,000
    Nonfarm, nonresidential loans - $100-250k 18 $2,139 $118,833
    Nonfarm, nonresidential loans - $250k-1MM 12 $3,508 $292,333
    Commercial & Industrial, US addressed loans - <$1MM 147 $11,169 $75,980
    Commercial & Industrial, US addressed loans - <$100k 99 $1,709 $17,263
    Commercial & Industrial, US addressed loans - $100-250k 33 $3,150 $95,455
    Commercial & Industrial, US addressed loans - $250k-1MM 15 $6,310 $420,667
    Farmland loans - <$1MM 149 $22,935 $153,926
    Farmland loans - <$100k 38 $1,701 $44,763
    Farmland loans - $100-250k 69 $8,919 $129,261
    Farmland loans - $250k-1MM 42 $12,315 $293,214
    Agriculture operations loans - <$1MM 250 $19,067 $76,268
    Agriculture operations loans - <$100k 159 $4,120 $25,912
    Agriculture operations loans - $100-250k 56 $5,610 $100,179
    Agriculture operations loans - $250k-1MM 35 $9,337 $266,771