1st National Bank Mortgage Rates, Fees & Info

Lebanon, OH

LEI: 254900Q9V3DYHBRTUH61

Tax ID: 31-0383745

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

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  • SimulatedRates™
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    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • 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

    1st National Bank is a smaller bank specializing in Home Purchase and Refi loans. 1st 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: Cincinnati, Wilmington, Dayton, Columbus, and Charlotte among others. We have data for 30 markets. (Some data included below & more in-depth data is available with an active subscription.)

    1st National Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. 1st National Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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 6.66% 12/16/24
    30 Year Conventional Refi 6.55% 12/16/24
    30 Year Cash-out Refi 6.88% 12/16/24
    30 Year FHA Purchase 7.13% 12/16/24
    30 Year FHA Refi 6.27% 12/16/24
    30 Year VA Purchase 6.14% 12/16/24
    30 Year USDA Purchase 6.45% 12/16/24
    15 Year Conventional Purchase 6.03% 12/16/24
    15 Year Conventional Refi 5.91% 12/16/24
    15 Year Cash-out Refi 5.91% 12/16/24
    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.

    1st National Bank Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from 1st 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

    928

    Origination Dollar Volume (All Markets)

    $202,260,000

    Employee count

    75 Show all (14) awards

    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
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 764 $173,360,000 $226,911 $2,386 4.00%
    Wilmington, OH (FHA|USDA|VA) 53 $8,385,000 $158,208 $2,357 4.13%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 35 $5,545,000 $158,429 $2,207 3.81%
    COLUMBUS, OH (FHA|USDA|VA) 18 $3,520,000 $195,556 $1,789 3.77%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 10 $2,220,000 $222,000 $2,781 4.21%
    Outside of Metro Areas 16 $1,820,000 $113,750 $2,566 4.14%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 3 $965,000 $321,667 $1,846 3.47%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 2 $840,000 $420,000 $2,170 3.75%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 3 $575,000 $191,667 $1,568 4.04%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $485,000 $485,000 $4,742 3.88%
    PITTSBURGH, PA (FHA|USDA|VA) 1 $395,000 $395,000 $3,618 3.38%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $355,000 $355,000 $4,297 4.25%
    LIMA, OH (FHA|USDA|VA) 3 $355,000 $118,333 $1,386 4.08%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $335,000 $335,000 $1,685 3.38%
    Chillicothe, OH (FHA|USDA|VA) 2 $290,000 $145,000 $1,580 4.44%
    WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) 1 $285,000 $285,000 $3,159 3.25%
    ASHEVILLE, NC (FHA|USDA|VA) 1 $255,000 $255,000 $2,740 4.75%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $255,000 $255,000 $6,334 3.75%
    JACKSONVILLE, FL (FHA|USDA|VA) 1 $225,000 $225,000 $2,519 3.75%
    Albemarle, NC (FHA|USDA|VA) 1 $215,000 $215,000 $2,093 4.75%
    Auburn, IN (FHA|USDA|VA) 1 $215,000 $215,000 $1,498 3.38%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $205,000 $205,000 $7,672 4.50%
    WORCESTER, MA-CT (FHA|USDA|VA) 1 $205,000 $205,000 $2,208 3.88%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $195,000 $195,000 $731 3.13%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $195,000 $195,000 $2,588 3.25%
    Somerset, KY (FHA|USDA|VA) 1 $165,000 $165,000 $1,670 3.88%
    LANCASTER, PA (FHA|USDA|VA) 1 $165,000 $165,000 $0 3.38%
    LOUISVILLE, KY (FHA|USDA|VA) 1 $105,000 $105,000 $1,089 3.75%
    AKRON, OH (FHA|USDA|VA) 1 $75,000 $75,000 $2,938 3.75%
    Marion, IN (FHA|USDA|VA) 1 $55,000 $55,000 $2,108 5.25%
    1st National Bank's top markets include Cincinnati, Wilmington, Dayton, Columbus, and Charlotte among others.

    Their top states include:
  • Ohio (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against 1st National Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    The North Side Bank & Trust Company
    Similarity Rank: 55
    CINFED Federal Credit Union
    Similarity Rank: 162
    KH NETWORK CREDIT UNION
    Similarity Rank: 304
    Columbus Metro Federal Credit Union
    Similarity Rank: 392
    HOPEWELL Federal Credit Union
    Similarity Rank: 510
    First Federal Savings and Loan Association
    Similarity Rank: 575
    EDUCATION FIRST CREDIT UNION, INC.
    Similarity Rank: 630
    RIVER VALLEY CREDIT UNION, INC.
    Similarity Rank: 716
    TrueCore Federal Credit Union
    Similarity Rank: 980
    Somerville Bank
    Similarity Rank: 1001

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 768 $180,940,000 $235,599 $2,027 3.88%
    HELOC 76 $5,960,000 $78,421 n/a 5.35%
    FHA 62 $10,150,000 $163,710 $5,314 3.86%
    VA 19 $4,745,000 $249,737 $6,221 3.64%
    USDA 3 $465,000 $155,000 $3,818 4.21%

    For 2019, 1st National Bank's most frequently originated type of loan was Conventional, with 768 originations. Their 2nd most popular type was HELOC, with 76 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 470 $100,220,000 $213,234 $2,849 4.02%
    Refi 315 $77,065,000 $244,651 $1,687 3.71%
    Cash Out Refi 132 $22,590,000 $171,136 $2,294 4.51%
    Other 11 $2,385,000 $216,818 $0 4.91%

    For 2019, 1st National Bank's most frequently cited loan purpose was Home Purchase, with 470 originations. The 2nd most popular reason was Refi, with 315 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 701 $153,255,000 $218,623 $2,556 4.13%
    15 Year 163 $30,885,000 $189,479 $1,851 3.47%
    Other 21 $5,695,000 $271,190 $1,581 3.65%
    20 Year 17 $3,855,000 $226,765 $1,951 3.74%
    1 Year 12 $6,290,000 $524,167 $0 4.02%
    10 Year 10 $860,000 $86,000 $1,407 4.11%
    30+ year 2 $1,250,000 $625,000 $5,970 4.25%
    3 Year 1 $155,000 $155,000 $1,460 4.00%
    5 Year 1 $15,000 $15,000 $175 5.50%

    For 2019, 1st National Bank's most frequently cited loan duration was 30 Year, with 701 originations. The 2nd most popular length was 15 Year, with 163 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 746 $171,590,000 $230,013
    $1k-2k 45 $7,765,000 $172,556
    $2k-3k 28 $7,100,000 $253,571
    $3k-4k 11 $3,375,000 $306,818
    $4k-5k 6 $1,450,000 $241,667
    $5k+ 5 $3,575,000 $715,000

    1st National Bank's average total fees were $2,556, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 746 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 584 $142,220,000 $243,527
    4-5% 259 $50,875,000 $196,429
    5-6% 66 $6,660,000 $100,909
    2.5-3% 10 $1,910,000 $191,000
    6-7% 8 $340,000 $42,500
    <2.5% 1 $255,000 $255,000

    During 2019, 1st National Bank's average interest rate for loans was 4.13%, while their most frequently originated rate bucket for loans was 3-4%, with 584 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 370 $102,570,000 $277,216 $2,672 3.84%
    $100k-200k 350 $53,010,000 $151,457 $2,123 3.92%
    $100,000 or less 137 $8,645,000 $63,102 $1,821 4.71%
    $400k-600k 60 $27,280,000 $454,667 $2,501 3.77%
    $600k-1MM 8 $6,060,000 $757,500 $2,993 3.98%
    $1MM+ 3 $4,695,000 $1,565,000 $7,988 3.87%

    2019 saw 1st National Bank place emphasis on $200k-400k loans with 370 originations, totaling $102,570,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 249 $56,415,000 $226,566 $2,251 3.99%
    $50k-75k 185 $30,285,000 $163,703 $2,675 3.93%
    $150k-250k 152 $44,580,000 $293,289 $2,223 3.96%
    $75k-100k 146 $31,370,000 $214,863 $2,557 4.00%
    $50k or less 125 $15,575,000 $124,600 $2,079 4.07%
    $250k+ 69 $23,795,000 $344,855 $2,497 4.09%

    1st National Bank lent most frequently to those with incomes in the $100k-150k range, with 249 originations. The second most popular income band? $50k-75k, with 185 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 276 $61,460,000 $222,681 $2,111 3.97%
    30-36% 208 $44,700,000 $214,904 $2,490 4.04%
    <20% 136 $32,790,000 $241,103 $2,120 3.92%
    41% 41 $7,775,000 $189,634 $2,532 4.23%
    37% 34 $7,820,000 $230,000 $2,409 4.07%
    42% 28 $5,570,000 $198,929 $1,928 4.00%
    40% 28 $5,800,000 $207,143 $2,748 4.01%
    39% 27 $6,105,000 $226,111 $2,954 3.94%
    38% 26 $5,300,000 $203,846 $2,140 3.86%
    44% 21 $4,075,000 $194,048 $2,903 4.21%
    43% 19 $3,605,000 $189,737 $2,094 3.85%
    36% 17 $3,555,000 $209,118 $3,688 4.10%
    47% 14 $3,340,000 $238,571 $2,513 3.91%
    46% 12 $2,190,000 $182,500 $2,266 3.74%
    49% 10 $1,920,000 $192,000 $4,149 3.89%
    50-60% 9 $1,755,000 $195,000 $2,692 4.10%
    48% 8 $1,780,000 $222,500 $2,894 3.77%
    45% 4 $890,000 $222,500 $4,937 3.59%
    >60% 3 $555,000 $185,000 $3,959 4.00%

    1st National Bank lent most frequently to those with DTI ratios of 20-30%, with 276 originations. The next most common DTI ratio? 30-36%, with 208 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 629 $138,915,000 $220,851 $2,475 4.09%
    Not provided 91 $17,825,000 $195,879 $2,311 4.00%
    Asian 80 $17,460,000 $218,250 $1,897 3.58%
    Asian Indian 53 $13,225,000 $249,528 $2,334 3.81%
    Chinese 65 $12,915,000 $198,692 $2,003 3.75%
    Black 7 $1,225,000 $175,000 $4,509 4.14%
    Not applicable 2 $490,000 $245,000 $1,549 3.25%
    Other Asian 1 $205,000 $205,000 $3,950 3.38%

    Approval Rates

    Total approvals of all applications
    98.69%

    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
    78.77%

    1st National Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 928 $202,260,000 $217,953

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 928 $202,260,000 $217,953

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 41 $5,285,000 $128,902 $1,708 4.76%
    40-60% 99 $19,705,000 $199,040 $1,576 3.81%
    60-80% 373 $88,195,000 $236,448 $2,008 3.82%
    80-100% 347 $80,485,000 $231,945 $2,956 3.96%
    Over 100% 12 $5,080,000 $423,333 $6,903 3.98%
    Under 20% 50 $2,330,000 $46,600 $744 5.30%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    STANDARD MORTGAGE CORPORATION Conventional home mortgage Struggling to pay mortgage 1 33.3%
    STANDARD MORTGAGE CORPORATION Conventional home mortgage Trouble during payment process 1 33.3%
    STANDARD MORTGAGE CORPORATION FHA mortgage Trouble during payment process 1 33.3%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    1st National Bank 1530 Walmart Drive Lebanon, OH 45036 Full Service Retail $8,589
    1st National Bank 3616 Dixie Highway Franklin, OH 45005 Full Service B&M $14,566
    1st National Bank 4370 Eastgate Square Drive Cincinnati, OH 45245 Full Service B&M $9,609
    1st National Bank 541 West Pike Street Morrow, OH 45152 Full Service B&M $30,604
    1st National Bank 730 East Main Street Lebanon, OH 45036 Full Service B&M $23,355
    1st National Bank 7451 Mason Montgomery Road Mason, OH 45040 Full Service B&M $10,238
    1st National Bank 1160 East Main Street Lebanon, OH 45036 Full Service B&M $32,093
    1st National Bank 11 U.S. 22 And 3 Maineville, OH 45039 Full Service B&M $10,108
    1st National Bank 8288 Cincinnati Dayton Road West Chester, OH 45069 Full Service B&M $12,847
    1st National Bank 9015 Fields-Ertel Road Cincinnati, OH 45249 Full Service B&M $11,571

    For 2019, 1st National Bank had 10 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $7,721
    Net interest income $5,507
    Total noninterest income $5,267
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $609
    Trading account gains and fees $0
    Additional Noninterest Income $4,658
    Pre-tax net operating income $1,491
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,491
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,491
    Minority interest net income $0
    Net income $1,491
    Sale, conversion, retirement of capital stock, net $9
    Net operating income $1,491

    1st National Bank's gross interest income from loans was $7,721,000.
    1st National Bank's net interest income from loans was $5,507,000.
    1st National Bank's fee based income from loans was $609,000.
    1st National Bank's net income from loans was $1,491,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,214
    Provision for credit losses $148
    Total noninterest expense $9,135
    Salaries and employee benefits $5,672
    Premises and equipment expense $1,056
    Additional noninterest expense $2,407
    Applicable income taxes $0
    Net charge-offs $29
    Cash dividends $725

    1st National Bank's interest expense for loans was $2,214,000.
    1st National Bank's payroll and benefits expense were $5,672,000.
    1st National Bank's property, plant and equipment expenses $1,056,000.

    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 1.0%
    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 $179,397
    Deposits held in domestic offices $179,397
    Deposits by Individuals, partnerships, and corporations $162,529
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $16,868
    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 $67,897
    Demand deposits $42,786
    Nontransaction accounts $111,500
    Money market deposit accounts (MMDAs) $7,370
    Other savings deposits (excluding MMDAs) $26,607
    Total time deposits $77,523
    Total time and savings deposits $136,611
    Noninterest-bearing deposits $42,803
    Interest-bearing deposits $136,594
    Retail deposits $162,101
    IRAs and Keogh plan accounts $4,097
    Brokered deposits $1,012
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $203,154
    Cash & Balances due from depository institutions $19,937
    Interest-bearing balances $13,332
    Total securities $25,254
    Federal funds sold & reverse repurchase $3,971
    Net loans and leases $137,985
    Loan and leases loss allowance $1,303
    Trading account assets $0
    Bank premises and fixed assets $4,471
    Other real estate owned $298
    Goodwill and other intangibles $3,405
    All other assets $7,833

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $203,154
    Total Liabilities $186,025
    Total deposits $179,397
    Interest-bearing deposits $136,594
    Deposits held in domestic offices $179,397
    % insured (estimated) $80
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $4,000
    Subordinated debt $0
    All other liabilities $2,628

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $137,985
    Loan and leases loss allowance $1,303
    Total loans and leases (domestic) $139,288
    All real estate loans $132,463
    Real estate loans in domestic offices $132,463
    Construction and development loans $16,295
    Residential 1-4 family construction $8,971
    Other construction, all land development and other land $7,324
    Loans secured by nonfarm nonresidential properties $38,060
    Nonfarm nonresidential secured by owner-occupied properties $23,586
    Commercial real estate & other non-farm, non-residential $14,474
    Multifamily residential real estate $7,789
    1-4 family residential loans $70,066
    Farmland loans $253
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $5,507
    To non-U.S. addressees $0
    Loans to individuals $1,271
    Credit card loans $0
    Related Plans $190
    Consumer Auto Loans $812
    Other loans to individuals $269
    All other loans & leases $47
    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 $137,985,000 of loans outstanding in 2019. $132,463,000 of loans were in real estate loans. $16,295,000 of loans were in development loans. $7,789,000 of loans were in multifamily mortgage loans. $70,066,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $812,000 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 101 $24,247 $240,069
    Nonfarm, nonresidential loans - <$100k 20 $1,559 $77,950
    Nonfarm, nonresidential loans - $100-250k 30 $4,689 $156,300
    Nonfarm, nonresidential loans - $250k-1MM 51 $17,999 $352,922
    Commercial & Industrial, US addressed loans - <$1MM 85 $5,507 $64,788
    Commercial & Industrial, US addressed loans - <$100k 60 $1,935 $32,250
    Commercial & Industrial, US addressed loans - $100-250k 21 $2,737 $130,333
    Commercial & Industrial, US addressed loans - $250k-1MM 4 $835 $208,750
    Farmland loans - <$1MM 1 $253 $253,000
    Farmland loans - $250k-1MM 1 $253 $253,000