First Security Bank Mortgage Rates, Fees & Info
Mackinaw, ILLEI: 254900QUKN0IZ6XQZY33
Tax ID: 37-0395345
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
First Security Bank is a smaller bank specializing in Refi loans. First Security Bank has a high proportion of conventional loans. Their top markets by origination volume include: Bloomington, Peoria, and Lincoln among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)First Security Bank has an above average approval rate when compared to the average across all lenders.
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Originations
14Origination Dollar Volume (All Markets)
$1,530,000Top 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 |
|---|---|---|---|---|---|
| BLOOMINGTON, IL (FHA|USDA|VA) | 5 | $965,000 | $193,000 | $0 | 0.00% |
| PEORIA, IL (FHA|USDA|VA) | 7 | $465,000 | $66,429 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $55,000 | $55,000 | $0 | 0.00% |
| Lincoln, IL (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 14 | $1,530,000 | $109,286 | $0 | 0.00% |
For 2023, First Security Bank's most frequently originated type of loan was Conventional, with 14 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 12 | $1,380,000 | $115,000 | $0 | 0.00% |
| Home Purchase | 2 | $150,000 | $75,000 | $0 | 0.00% |
For 2023, First Security Bank's most frequently cited loan purpose was Refi, with 12 originations. The 2nd most popular reason was Home Purchase, with 2 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 14 | $1,530,000 | $109,286 | $0 | 0.00% |
For 2023, First Security Bank's most frequently cited loan duration was Other, with 14 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100,000 or less | 8 | $430,000 | $53,750 | $0 | 0.00% |
| $100k-200k | 4 | $610,000 | $152,500 | $0 | 0.00% |
| $200k-400k | 2 | $490,000 | $245,000 | $0 | 0.00% |
2023 saw First Security Bank place emphasis on $100,000 or less loans with 8 originations, totaling $430,000 in origination value.
Applicant Income
First Security Bank lent most frequently to those with incomes in the $100k-150k range, with 2 originations. The second most popular income band? $150k-250k, with 1 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 14 | $1,530,000 | $109,286 | $0 | 0.00% |
First Security Bank lent most frequently to those with DTI ratios of Exempt%, with 14 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 8 | $900,000 | $112,500 | $0 | 0.00% |
| White | 6 | $630,000 | $105,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications100.00%
First Security 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 originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 14 | $1,530,000 | $109,286 |