1st National Bank Mortgage Rates, Fees & Info

Lebanon, OH

LEI: 254900Q9V3DYHBRTUH61

Tax ID: 31-0383745

5 stars - out of 5 stars, based on 34 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

1st National Bank is a smaller bank specializing in Refi and Home Purchase loans. 1st National Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets include Cincinnati, Dayton, Wilmington, Columbus, and Charlotte among others. 1st National Bank has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. 1st National Bank is typically a low fee lendor.


Originations

1,165

Origination Dollar Volume (All Markets)

$270,455,000

Employee count

104 Show all (7) awards

Relative Rate

1st National Bank's average 30 year fixed rate mortgage of loans were 3.1%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.05%.

Relative Fees

1st National Bank's average total fees for a 30 year fixed rate mortgage are $2,092.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 935 $222,225,000 $237,674 $1,690 2.91%
DAYTON-KETTERING, OH (FHA|USDA|VA) 60 $10,880,000 $181,333 $1,749 2.84%
Wilmington, OH (FHA|USDA|VA) 63 $10,815,000 $171,667 $2,075 3.27%
COLUMBUS, OH (FHA|USDA|VA) 27 $6,755,000 $250,185 $2,095 2.87%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 12 $4,030,000 $335,833 $1,299 2.83%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 8 $2,380,000 $297,500 $3,098 2.83%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 8 $1,540,000 $192,500 $2,874 2.81%
Outside of Metro Areas 9 $1,435,000 $159,444 $2,354 2.96%
LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 4 $1,330,000 $332,500 $2,630 2.72%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $810,000 $405,000 $3,229 2.63%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $780,000 $390,000 $3,991 2.88%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 3 $655,000 $218,333 $1,175 3.08%
KNOXVILLE, TN (FHA|USDA|VA) 2 $560,000 $280,000 $1,465 3.06%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $545,000 $545,000 $4,506 2.88%
TOLEDO, OH (FHA|USDA|VA) 2 $480,000 $240,000 $3,202 2.56%
CANTON-MASSILLON, OH (FHA|USDA|VA) 2 $470,000 $235,000 $1,916 2.69%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $440,000 $220,000 $2,737 2.94%
AKRON, OH (FHA|USDA|VA) 3 $405,000 $135,000 $1,395 3.58%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $385,000 $385,000 $3,553 2.88%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 2 $360,000 $180,000 $924 3.00%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $345,000 $345,000 $1,399 2.88%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 2 $340,000 $170,000 $2,174 2.69%
Cullowhee, NC (FHA|USDA|VA) 1 $305,000 $305,000 $750 3.00%
WARNER ROBINS, GA (FHA|USDA|VA) 1 $295,000 $295,000 $2,696 3.25%
ANN ARBOR, MI (FHA|USDA|VA) 1 $235,000 $235,000 $750 3.00%
Dayton, TN (FHA|USDA|VA) 1 $225,000 $225,000 $1,430 2.88%
RALEIGH-CARY, NC (FHA|USDA|VA) 1 $225,000 $225,000 $2,126 2.88%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $215,000 $215,000 $2,803 3.50%
Somerset, KY (FHA|USDA|VA) 1 $155,000 $155,000 $1,779 2.50%
SPRINGFIELD, OH (FHA|USDA|VA) 1 $145,000 $145,000 $5,518 2.50%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $125,000 $125,000 $969 3.25%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $115,000 $115,000 $500 2.88%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $115,000 $115,000 $0 2.88%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $115,000 $115,000 $1,782 3.25%
Wapakoneta, OH (FHA|USDA|VA) 1 $115,000 $115,000 $2,356 2.75%
MONTGOMERY, AL (FHA|USDA|VA) 1 $105,000 $105,000 $4,150 3.38%

1st National Bank's top markets include Cincinnati, Dayton, Wilmington, Columbus, and Charlotte among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 1,122 $260,770,000 $232,415 $1,576 2.93%
FHA 36 $7,890,000 $219,167 $6,486 2.82%
VA 6 $1,640,000 $273,333 $5,624 2.81%
USDA 1 $155,000 $155,000 $3,176 2.50%

For the 2021 period, 1st National Bank's most frequently originated loan type of loans were Conventional, with 1,122 originations. Their 2nd most popular type is FHA, with 36 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 496 $117,370,000 $236,633 $1,052 2.77%
Home Purchase 433 $109,195,000 $252,182 $2,360 3.01%
Cash Out Refi 233 $42,925,000 $184,227 $2,278 3.08%
Other 3 $965,000 $321,667 $0 3.33%

For the 2021, 1st National Bank's most frequently cited loan purpose of loans were Refi, with 496 originations. The 2nd most popular reason of loans were Home Purchase, with 433 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 719 $174,705,000 $242,983 $2,092 3.10%
15 Year 311 $65,705,000 $211,270 $1,324 2.56%
20 Year 50 $11,520,000 $230,400 $1,432 3.04%
10 Year 43 $8,485,000 $197,326 $870 2.36%
Other 37 $9,425,000 $254,730 $1,233 2.92%
3 Year 4 $530,000 $132,500 $2,148 4.38%
5 Year 1 $85,000 $85,000 $1,237 3.25%

For the 2021, 1st National Bank's most frequently cited loan length of loans were 30 Year, with 719 originations. The 2nd most popular length of loans were 15 Year, with 311 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 932 $222,990,000 $239,260
$1k-2k 89 $19,945,000 $224,101
$2k-3k 46 $12,520,000 $272,174
$3k-4k 14 $3,850,000 $275,000
$5k+ 8 $3,190,000 $398,750

$2,092 of loans were 1st National Bank's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 932 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 545 $140,225,000 $257,294
3-4% 343 $69,355,000 $202,201
<2.5% 253 $56,975,000 $225,198
4-5% 23 $3,505,000 $152,391

During 2021, 1st National Bank's average interest rate of loans were 3.10%, while their most frequently originated rate bucket of loans were 2.5-3%, with 545 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 491 $136,725,000 $278,462 $1,876 2.87%
$100k-200k 424 $63,510,000 $149,788 $1,462 2.92%
$100,000 or less 129 $8,975,000 $69,574 $1,639 3.18%
$400k-600k 119 $57,515,000 $483,319 $2,362 2.88%
$1MM+ 2 $3,730,000 $1,865,000 $5,354 3.44%

2021 saw 1st National Bank place emphasis on $200k-400k loans with 491 originations, totaling $136,725,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 333 $76,385,000 $229,384 $1,636 2.92%
$150k-250k 252 $72,200,000 $286,508 $1,865 2.94%
$50k-75k 203 $34,195,000 $168,448 $1,876 2.95%
$75k-100k 194 $42,650,000 $219,845 $1,651 2.89%
$50k or less 92 $12,440,000 $135,217 $1,922 2.94%
$250k+ 90 $32,430,000 $360,333 $1,791 2.91%

1st National Bank lent most frequently to those with incomes in the $100k-150k range, with 333 originations. The second most popular income band? $150k-250k, with 252 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 352 $79,740,000 $226,534 $1,426 2.94%
<20% 233 $49,735,000 $213,455 $1,352 2.91%
30-36% 187 $45,195,000 $241,684 $2,010 2.92%
37% 45 $10,105,000 $224,556 $1,973 3.10%
36% 43 $10,385,000 $241,512 $1,838 2.84%
39% 37 $10,395,000 $280,946 $2,286 2.93%
38% 36 $8,420,000 $233,889 $2,303 2.87%
40% 35 $7,435,000 $212,429 $1,748 2.93%
41% 34 $8,300,000 $244,118 $1,748 3.01%
42% 28 $6,870,000 $245,357 $2,024 2.94%
45% 24 $5,930,000 $247,083 $2,488 3.01%
44% 22 $6,350,000 $288,636 $2,676 2.87%
46% 22 $5,090,000 $231,364 $1,740 2.78%
43% 20 $4,720,000 $236,000 $2,087 2.83%
50-60% 13 $3,365,000 $258,846 $4,687 2.91%
48% 12 $2,810,000 $234,167 $2,932 2.79%
47% 11 $2,915,000 $265,000 $1,705 2.95%
49% 8 $2,140,000 $267,500 $2,033 2.77%
>60% 2 $160,000 $80,000 $1,271 3.00%

1st National Bank lent most frequently to those with DTI ratios of 20-30%, with 352 originations. The next most common DTI ratio? <20%, with 233 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 678 $159,300,000 $234,956 $1,725 2.93%
Not provided 212 $42,200,000 $199,057 $1,833 3.02%
Asian 156 $38,520,000 $246,923 $1,736 2.82%
Chinese 58 $11,980,000 $206,552 $1,580 2.84%
Asian Indian 41 $10,085,000 $245,976 $1,670 2.74%
Black 15 $6,995,000 $466,333 $2,948 3.13%
Other Asian 3 $1,025,000 $341,667 $4,686 2.71%
American Indian 2 $350,000 $175,000 $3,574 2.81%

Approval Rates

Total approvals of all applications
98.42%

1st National Bank 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
72.48%

1st National Bank has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 1,165 $270,455,000 $232,150

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
1,165 $270,455,000 $232,150

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 98 $14,760,000 $150,612 $1,050 2.86%
40-60% 230 $47,790,000 $207,783 $1,199 2.76%
60-80% 499 $125,735,000 $251,974 $1,654 2.96%
80-100% 292 $76,080,000 $260,548 $2,528 2.98%
Over 100% 2 $2,550,000 $1,275,000 $11,069 2.88%
Under 20% 43 $3,145,000 $73,140 $920 3.24%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
STANDARD MORTGAGE CORPORATION Conventional home mortgage Struggling to pay mortgage 1 16.7%
STANDARD MORTGAGE CORPORATION Conventional home mortgage Trouble during payment process 1 16.7%
STANDARD MORTGAGE CORPORATION FHA mortgage Struggling to pay mortgage 2 33.3%
STANDARD MORTGAGE CORPORATION Other type of mortgage Trouble during payment process 2 33.3%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
1st National Bank 10600 Loveland Madeira Road Loveland, OH 45140 Full Service B&M $13,541
1st National Bank 1095 S. Main Street Centerville, OH 45458 Full Service B&M $464
1st National Bank 11 U.S. 22 And 3 Maineville, OH 45039 Full Service B&M $12,598
1st National Bank 1160 East Main Street Lebanon, OH 45036 Full Service B&M $35,405
1st National Bank 1530 Walmart Drive Lebanon, OH 45036 Full Service Retail $11,397
1st National Bank 3616 Dixie Highway Franklin, OH 45005 Full Service B&M $16,647
1st National Bank 541 West Pike Street Morrow, OH 45152 Full Service B&M $39,999
1st National Bank 730 East Main Street Lebanon, OH 45036 Full Service B&M $39,246
1st National Bank 7451 Mason Montgomery Road Mason, OH 45040 Full Service B&M $15,561
1st National Bank 8288 Cincinnati Dayton Road West Chester, OH 45069 Full Service B&M $13,648
1st National Bank 9015 Fields-Ertel Road Cincinnati, OH 45249 Full Service B&M $15,905

For 2021, 1st National Bank had 11 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $7,299
Net interest income $6,214
Total noninterest income $8,613
Gross Fiduciary activities income $0
Service charges on deposit accounts $460
Trading account gains and fees $0
Additional Noninterest Income $8,153
Pre-tax net operating income $18
Securities gains (or losses, -) $0
Income before extraordinary items $18
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $18
Minority interest net income $0
Net income $18
Sale, conversion, retirement of capital stock, net $0
Net operating income $18

1st National Bank's gross interest income from loans was $7,299,000.
1st National Bank's net interest income from loans was $6,214,000.
1st National Bank's fee based income from loans was $460,000.
1st National Bank's net income from loans was $18,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $1,085
Provision for credit losses $-188
Total noninterest expense $14,997
Salaries and employee benefits $9,251
Premises and equipment expense $1,278
Additional noninterest expense $4,468
Applicable income taxes $0
Net charge-offs $75
Cash dividends $1,863

1st National Bank's interest expense for loans was $1,085,000.
1st National Bank's payroll and benefits expense were $9,251,000.
1st National Bank's property, plant and equipment expenses $1,278,000.

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 1.0%
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 $220,816
Deposits held in domestic offices $220,816
Deposits by Individuals, partnerships, and corporations $207,211
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $13,606
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 $96,874
Demand deposits $59,468
Nontransaction accounts $123,943
Money market deposit accounts (MMDAs) $15,920
Other savings deposits (excluding MMDAs) $47,295
Total time deposits $60,728
Total time and savings deposits $161,349
Noninterest-bearing deposits $60,847
Interest-bearing deposits $159,969
Retail deposits $209,769
IRAs and Keogh plan accounts $4,174
Brokered deposits $10
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $250,282
Cash & Balances due from depository institutions $40,040
Interest-bearing balances $36,579
Total securities $34,795
Federal funds sold & reverse repurchase $8,383
Net loans and leases $141,318
Loan and leases loss allowance $2,016
Trading account assets $0
Bank premises and fixed assets $9,054
Other real estate owned $0
Goodwill and other intangibles $4,270
All other assets $12,422

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $250,282
Total Liabilities $230,399
Total deposits $220,816
Interest-bearing deposits $159,969
Deposits held in domestic offices $220,816
% insured (estimated) $78
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $7,000
Subordinated debt $0
All other liabilities $2,583

Issued Loan Types

Type Value (in 000's)
Net loans and leases $141,318
Loan and leases loss allowance $2,016
Total loans and leases (domestic) $143,334
All real estate loans $132,516
Real estate loans in domestic offices $132,516
Construction and development loans $15,032
Residential 1-4 family construction $9,692
Other construction, all land development and other land $5,340
Loans secured by nonfarm nonresidential properties $47,094
Nonfarm nonresidential secured by owner-occupied properties $19,478
Commercial real estate & other non-farm, non-residential $27,616
Multifamily residential real estate $9,066
1-4 family residential loans $60,794
Farmland loans $530
Loans held in foreign offices $0
Farm loans $0
Commercial and industrial loans $9,167
To non-U.S. addressees $0
Loans to individuals $1,610
Credit card loans $0
Related Plans $142
Consumer Auto Loans $1,417
Other loans to individuals $51
All other loans & leases $41
Loans to foreign governments and official institutions $0
Other loans $0
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

1st National Bank had $141,318,000 of loans outstanding in 2021. $132,516,000 of loans were in real estate loans. $15,032,000 of loans were in development loans. $9,066,000 of loans were in multifamily mortgage loans. $60,794,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $1,417,000 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 104 $26,186 $251,788
Nonfarm, nonresidential loans - <$100k 19 $1,509 $79,421
Nonfarm, nonresidential loans - $100-250k 32 $4,709 $147,156
Nonfarm, nonresidential loans - $250k-1MM 53 $19,968 $376,755
Commercial & Industrial, US addressed loans - <$1MM 148 $6,835 $46,182
Commercial & Industrial, US addressed loans - <$100k 118 $3,218 $27,271
Commercial & Industrial, US addressed loans - $100-250k 22 $2,153 $97,864
Commercial & Industrial, US addressed loans - $250k-1MM 8 $1,464 $183,000
Farmland loans - <$1MM 3 $530 $176,667
Farmland loans - $100-250k 2 $410 $205,000
Farmland loans - $250k-1MM 1 $120 $120,000