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, Refi, 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, Colorado Springs, and Eugene 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

    295

    Origination Dollar Volume (All Markets)

    $53,915,000

    Employee count

    42

    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) 124 $26,270,000 $211,855 $0 0.00%
    Outside of Metro Areas 124 $18,120,000 $146,129 $0 0.00%
    LINCOLN, NE (FHA|USDA|VA) 31 $6,305,000 $203,387 $0 0.00%
    Beatrice, NE (FHA|USDA|VA) 10 $1,840,000 $184,000 $0 0.00%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $475,000 $475,000 $0 0.00%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 1 $365,000 $365,000 $0 0.00%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
    Norfolk, NE (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
    SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
    Fremont, NE (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
    Firstbank Of Nebraska's top markets include Omaha, Lincoln, Beatrice, Colorado Springs, and Eugene among others.

    Their top states include:
  • Nebraska (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)
  • Iowa (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 289 $53,235,000 $184,204 $0 0.00%
    USDA 6 $680,000 $113,333 $0 0.00%

    For 2021, Firstbank Of Nebraska's most frequently originated type of loan was Conventional, with 289 originations. Their 2nd most popular type was USDA, with 6 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 102 $18,760,000 $183,922 $0 0.00%
    Refi 92 $17,660,000 $191,957 $0 0.00%
    Cash Out Refi 87 $16,535,000 $190,057 $0 0.00%
    Other 11 $795,000 $72,273 $0 0.00%
    Home Improvement 3 $165,000 $55,000 $0 0.00%

    For 2021, Firstbank Of Nebraska's most frequently cited loan purpose was Home Purchase, with 102 originations. The 2nd most popular reason was Refi, with 92 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 295 $53,915,000 $182,763 $0 0.00%

    For 2021, Firstbank Of Nebraska's most frequently cited loan duration was Other, with 295 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 134 $19,550,000 $145,896 $0 0.00%
    $200k-400k 78 $20,970,000 $268,846 $0 0.00%
    $100,000 or less 64 $4,060,000 $63,438 $0 0.00%
    $400k-600k 17 $7,925,000 $466,176 $0 0.00%
    $600k-1MM 2 $1,410,000 $705,000 $0 0.00%

    2021 saw Firstbank Of Nebraska place emphasis on $100k-200k loans with 134 originations, totaling $19,550,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 80 $18,120,000 $226,500 $0 0.00%
    $50k-75k 61 $8,035,000 $131,721 $0 0.00%
    $75k-100k 59 $9,175,000 $155,508 $0 0.00%
    $50k or less 43 $4,565,000 $106,163 $0 0.00%
    $150k-250k 28 $7,440,000 $265,714 $0 0.00%
    $250k+ 6 $3,260,000 $543,333 $0 0.00%

    Firstbank Of Nebraska lent most frequently to those with incomes in the $100k-150k range, with 80 originations. The second most popular income band? $50k-75k, with 61 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 295 $53,915,000 $182,763 $0 0.00%

    Firstbank Of Nebraska lent most frequently to those with DTI ratios of Exempt%, with 295 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 278 $50,690,000 $182,338 $0 0.00%
    Not applicable 7 $1,575,000 $225,000 $0 0.00%
    Not provided 8 $1,370,000 $171,250 $0 0.00%
    Asian 1 $175,000 $175,000 $0 0.00%
    Black 1 $105,000 $105,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.21%

    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
    93.56%

    Firstbank Of Nebraska has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 295 $53,915,000 $182,763

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    295 $53,915,000 $182,763

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    FIRST NATIONAL BANK OF OMAHA Conventional home mortgage Trouble during payment process 1 25.0%
    FIRST NATIONAL BANK OF OMAHA FHA mortgage Improper use of your report 1 25.0%
    FIRST NATIONAL BANK OF OMAHA Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 25.0%
    FIRST NATIONAL BANK OF OMAHA Other type of mortgage Struggling to pay mortgage 1 25.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Firstbank of Nebraska 110 Pawnee St Burchard, NE 68323 Full Service B&M $13,270
    Firstbank of Nebraska 201 East 5th Wahoo, NE 68066 Full Service B&M $101,362
    Firstbank of Nebraska 225 Highway 41 Sterling, NE 68443 Full Service B&M $23,442
    Firstbank of Nebraska 320 Fifth St Syracuse, NE 68446 Full Service B&M $98,046

    For 2021, Firstbank Of Nebraska had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $13,018
    Net interest income $11,597
    Total noninterest income $1,670
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $155
    Trading account gains and fees $0
    Additional Noninterest Income $1,515
    Pre-tax net operating income $7,947
    Securities gains (or losses, -) $131
    Income before extraordinary items $7,978
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $7,978
    Minority interest net income $0
    Net income $7,978
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $7,848

    Firstbank Of Nebraska's gross interest income from loans was $13,018,000.
    Firstbank Of Nebraska's net interest income from loans was $11,597,000.
    Firstbank Of Nebraska's fee based income from loans was $155,000.
    Firstbank Of Nebraska's net income from loans was $7,978,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,421
    Provision for credit losses $75
    Total noninterest expense $5,245
    Salaries and employee benefits $3,574
    Premises and equipment expense $395
    Additional noninterest expense $1,276
    Applicable income taxes $100
    Net charge-offs $-218
    Cash dividends $4,025

    Firstbank Of Nebraska's interest expense for loans was $1,421,000.
    Firstbank Of Nebraska's payroll and benefits expense were $3,574,000.
    Firstbank Of Nebraska's property, plant and equipment expenses $395,000.

    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 1.0%
    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 $243,429
    Deposits held in domestic offices $243,429
    Deposits by Individuals, partnerships, and corporations $198,288
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $35,835
    Deposits by Commercial banks and other depository institutions in U.S. $9,306
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $100,202
    Demand deposits $91,600
    Nontransaction accounts $143,227
    Money market deposit accounts (MMDAs) $54,257
    Other savings deposits (excluding MMDAs) $33,760
    Total time deposits $55,212
    Total time and savings deposits $151,829
    Noninterest-bearing deposits $100,202
    Interest-bearing deposits $143,227
    Retail deposits $229,939
    IRAs and Keogh plan accounts $5,655
    Brokered deposits $9,933
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $356,428
    Cash & Balances due from depository institutions $5,370
    Interest-bearing balances $1,843
    Total securities $181,940
    Federal funds sold & reverse repurchase $0
    Net loans and leases $154,902
    Loan and leases loss allowance $3,642
    Trading account assets $0
    Bank premises and fixed assets $1,952
    Other real estate owned $334
    Goodwill and other intangibles $1,028
    All other assets $10,902

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $356,428
    Total Liabilities $316,240
    Total deposits $243,429
    Interest-bearing deposits $143,227
    Deposits held in domestic offices $243,429
    % insured (estimated) $79
    Federal funds purchased and repurchase agreements $50,538
    Trading liabilities $0
    Other borrowed funds $20,164
    Subordinated debt $0
    All other liabilities $2,109

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $154,902
    Loan and leases loss allowance $3,642
    Total loans and leases (domestic) $158,544
    All real estate loans $113,303
    Real estate loans in domestic offices $113,303
    Construction and development loans $9,001
    Residential 1-4 family construction $2,091
    Other construction, all land development and other land $6,910
    Loans secured by nonfarm nonresidential properties $15,405
    Nonfarm nonresidential secured by owner-occupied properties $12,408
    Commercial real estate & other non-farm, non-residential $2,997
    Multifamily residential real estate $1,033
    1-4 family residential loans $25,074
    Farmland loans $62,790
    Loans held in foreign offices $0
    Farm loans $28,743
    Commercial and industrial loans $11,194
    To non-U.S. addressees $0
    Loans to individuals $3,539
    Credit card loans $0
    Related Plans $29
    Consumer Auto Loans $1,992
    Other loans to individuals $1,518
    All other loans & leases $1,765
    Loans to foreign governments and official institutions $0
    Other loans $65
    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 $154,902,000 of loans outstanding in 2021. $113,303,000 of loans were in real estate loans. $9,001,000 of loans were in development loans. $1,033,000 of loans were in multifamily mortgage loans. $25,074,000 of loans were in 1-4 family mortgage loans. $28,743,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,992,000 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 62 $7,956 $128,323
    Nonfarm, nonresidential loans - <$100k 28 $1,166 $41,643
    Nonfarm, nonresidential loans - $100-250k 19 $2,467 $129,842
    Nonfarm, nonresidential loans - $250k-1MM 15 $4,323 $288,200
    Commercial & Industrial, US addressed loans - <$1MM 140 $9,276 $66,257
    Commercial & Industrial, US addressed loans - <$100k 95 $1,975 $20,789
    Commercial & Industrial, US addressed loans - $100-250k 28 $2,941 $105,036
    Commercial & Industrial, US addressed loans - $250k-1MM 17 $4,360 $256,471
    Farmland loans - <$1MM 146 $22,562 $154,534
    Farmland loans - <$100k 38 $1,777 $46,763
    Farmland loans - $100-250k 64 $8,376 $130,875
    Farmland loans - $250k-1MM 44 $12,409 $282,023
    Agriculture operations loans - <$1MM 226 $14,649 $64,819
    Agriculture operations loans - <$100k 136 $3,228 $23,735
    Agriculture operations loans - $100-250k 57 $4,867 $85,386
    Agriculture operations loans - $250k-1MM 33 $6,554 $198,606