First Security Bank Mortgage Rates, Fees & Info

Mackinaw, IL

LEI: 254900QUKN0IZ6XQZY33

Tax ID: 37-0395345

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

    First Security Bank is a smaller bank specializing in various types of mortgages.



    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

    0

    Origination Dollar Volume (All Markets)

    $0

    Employee count

    21

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Incorrect information on your report 1 7.1%
    FIRST HORIZON BANK Other type of mortgage Trouble during payment process 1 7.1%
    FIRST HORIZON BANK Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 7.1%
    FIRST HORIZON BANK Conventional home mortgage Struggling to pay mortgage 3 21.4%
    FIRST HORIZON BANK Conventional home mortgage Trouble during payment process 5 35.7%
    FIRST HORIZON BANK FHA mortgage Trouble during payment process 1 7.1%
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Problem with a credit reporting company's investigation into an existing problem 1 7.1%
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Trouble during payment process 1 7.1%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    First Security Bank #2 Bradford Drive Mackinaw, IL 61755 Full Service B&M $7,321
    First Security Bank 101 East Fast Street Mackinaw, IL 61755 Full Service B&M $39,230
    First Security Bank 116 East Exchange Danvers, IL 61732 Full Service B&M $16,341
    First Security Bank 201 East First Street Deer Creek, IL 61733 Full Service B&M $6,029

    For 2018, First Security Bank had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $3,258
    Net interest income $2,851
    Total noninterest income $-223
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $44
    Trading account gains and fees $0
    Additional Noninterest Income $-267
    Pre-tax net operating income $27
    Securities gains (or losses, -) $0
    Income before extraordinary items $27
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $27
    Minority interest net income $0
    Net income $27
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $27

    First Security Bank's gross interest income from loans was $3,258,000.
    First Security Bank's net interest income from loans was $2,851,000.
    First Security Bank's fee based income from loans was $44,000.
    First Security Bank's net income from loans was $27,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $407
    Provision for credit losses $380
    Total noninterest expense $2,221
    Salaries and employee benefits $1,168
    Premises and equipment expense $254
    Additional noninterest expense $799
    Applicable income taxes $0
    Net charge-offs $44
    Cash dividends $350

    First Security Bank's interest expense for loans was $407,000.
    First Security Bank's payroll and benefits expense were $1,168,000.
    First Security Bank's property, plant and equipment expenses $254,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 3.0%
    Real Estate loans 1.0%
    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 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $68,009
    Deposits held in domestic offices $68,009
    Deposits by Individuals, partnerships, and corporations $53,693
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $13,795
    Deposits by Commercial banks and other depository institutions in U.S. $520
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $22,237
    Demand deposits $10,682
    Nontransaction accounts $45,771
    Money market deposit accounts (MMDAs) $14,620
    Other savings deposits (excluding MMDAs) $8,281
    Total time deposits $22,870
    Total time and savings deposits $57,326
    Noninterest-bearing deposits $10,685
    Interest-bearing deposits $57,324
    Retail deposits $67,056
    IRAs and Keogh plan accounts $210
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $78,077
    Cash & Balances due from depository institutions $4,793
    Interest-bearing balances $2,767
    Total securities $4,541
    Federal funds sold & reverse repurchase $294
    Net loans and leases $64,042
    Loan and leases loss allowance $924
    Trading account assets $0
    Bank premises and fixed assets $978
    Other real estate owned $572
    Goodwill and other intangibles $615
    All other assets $2,242

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $78,076
    Total Liabilities $70,032
    Total deposits $68,009
    Interest-bearing deposits $57,324
    Deposits held in domestic offices $68,009
    % insured (estimated) $90
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $1,500
    Subordinated debt $0
    All other liabilities $523

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $64,042
    Loan and leases loss allowance $924
    Total loans and leases (domestic) $64,966
    All real estate loans $40,845
    Real estate loans in domestic offices $40,845
    Construction and development loans $618
    Residential 1-4 family construction $618
    Other construction, all land development and other land $0
    Loans secured by nonfarm nonresidential properties $2,640
    Nonfarm nonresidential secured by owner-occupied properties $2,619
    Commercial real estate & other non-farm, non-residential $21
    Multifamily residential real estate $133
    1-4 family residential loans $14,337
    Farmland loans $23,117
    Loans held in foreign offices $0
    Farm loans $17,770
    Commercial and industrial loans $5,199
    To non-U.S. addressees $0
    Loans to individuals $469
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $352
    Other loans to individuals $117
    All other loans & leases $684
    Loans to foreign governments and official institutions $0
    Other loans $78
    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

    First Security Bank had $64,042,000 of loans outstanding in 2018. $40,845,000 of loans were in real estate loans. $618,000 of loans were in development loans. $133,000 of loans were in multifamily mortgage loans. $14,337,000 of loans were in 1-4 family mortgage loans. $17,770,000 of loans were in farm loans. $0 of loans were in credit card loans. $352,000 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 17 $754 $44,353
    Nonfarm, nonresidential loans - <$100k 12 $393 $32,750
    Nonfarm, nonresidential loans - $100-250k 4 $355 $88,750
    Nonfarm, nonresidential loans - $250k-1MM 1 $6 $6,000
    Commercial & Industrial, US addressed loans - <$1MM 57 $2,652 $46,526
    Commercial & Industrial, US addressed loans - <$100k 28 $424 $15,143
    Commercial & Industrial, US addressed loans - $100-250k 14 $760 $54,286
    Commercial & Industrial, US addressed loans - $250k-1MM 15 $1,468 $97,867
    Farmland loans - <$1MM 32 $4,550 $142,188
    Farmland loans - <$100k 8 $364 $45,500
    Farmland loans - $100-250k 15 $1,931 $128,733
    Farmland loans - $250k-1MM 9 $2,255 $250,556
    Agriculture operations loans - <$1MM 52 $2,075 $39,904
    Agriculture operations loans - <$100k 29 $566 $19,517
    Agriculture operations loans - $100-250k 15 $628 $41,867
    Agriculture operations loans - $250k-1MM 8 $881 $110,125