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

Review & Overview

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

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Originations

Origination Dollar Volume (All Markets)

Employee count

Complaints

Bank Name	Product	Issue	2021 CPFB Complaints	% of Total Issues
FIRST HORIZON BANK	FHA mortgage	Closing on a mortgage	1	2.9%
FIRST HORIZON BANK	Conventional home mortgage	Applying for a mortgage or refinancing an existing mortgage	2	5.9%
FIRST HORIZON BANK	Other type of mortgage	Applying for a mortgage or refinancing an existing mortgage	2	5.9%
FIRST HORIZON BANK	Home equity loan or line of credit (HELOC)	Trouble during payment process	6	17.6%
FIRST HORIZON BANK	Home equity loan or line of credit (HELOC)	Struggling to pay mortgage	1	2.9%
FIRST HORIZON BANK	Home equity loan or line of credit (HELOC)	Applying for a mortgage or refinancing an existing mortgage	2	5.9%
FIRST HORIZON BANK	FHA mortgage	Trouble during payment process	2	5.9%
FIRST HORIZON BANK	FHA mortgage	Applying for a mortgage or refinancing an existing mortgage	1	2.9%
FIRST HORIZON BANK	Conventional home mortgage	Closing on a mortgage	2	5.9%
FIRST HORIZON BANK	Conventional home mortgage	Struggling to pay mortgage	1	2.9%
FIRST HORIZON BANK	Conventional home mortgage	Trouble during payment process	10	29.4%
FIRST HORIZON BANK	VA mortgage	Applying for a mortgage or refinancing an existing mortgage	1	2.9%
FIRST HORIZON BANK	Other type of mortgage	Trouble during payment process	1	2.9%
FIRST HORIZON BANK	Other type of mortgage	Closing on a mortgage	2	5.9%

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
First Security Bank	#2 Bradford Drive Mackinaw, IL 61755	Full Service B&M	$8,881
First Security Bank	101 East Fast Street Mackinaw, IL 61755	Full Service B&M	$37,419
First Security Bank	116 East Exchange Danvers, IL 61732	Full Service B&M	$25,426
First Security Bank	201 East First Street Deer Creek, IL 61733	Full Service B&M	$7,793

For 2021, First Security Bank had 4 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$856
Net interest income	$802
Total noninterest income	$30
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$4
Trading account gains and fees	$0
Additional Noninterest Income	$26
Pre-tax net operating income	$223
Securities gains (or losses, -)	$0
Income before extraordinary items	$223
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$223
Minority interest net income	$0
Net income	$223
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$223

First Security Bank's gross interest income from loans was $856,000.
First Security Bank's net interest income from loans was $802,000.
First Security Bank's fee based income from loans was $4,000.
First Security Bank's net income from loans was $223,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$54
Provision for credit losses	$56
Total noninterest expense	$553
Salaries and employee benefits	$324
Premises and equipment expense	$70
Additional noninterest expense	$159
Applicable income taxes	$0
Net charge-offs	$0
Cash dividends	$0

First Security Bank's interest expense for loans was $54,000.
First Security Bank's payroll and benefits expense were $324,000.
First Security Bank's property, plant and equipment expenses $70,000.

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	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	$96,632
Deposits held in domestic offices	$96,632
Deposits by Individuals, partnerships, and corporations	$73,836
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$22,797
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	$39,963
Demand deposits	$20,007
Nontransaction accounts	$56,670
Money market deposit accounts (MMDAs)	$18,163
Other savings deposits (excluding MMDAs)	$12,670
Total time deposits	$25,837
Total time and savings deposits	$76,626
Noninterest-bearing deposits	$20,158
Interest-bearing deposits	$76,474
Retail deposits	$89,944
IRAs and Keogh plan accounts	$0
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$115,038
Cash & Balances due from depository institutions	$32,416
Interest-bearing balances	$30,693
Total securities	$2,124
Federal funds sold & reverse repurchase	$1,219
Net loans and leases	$72,631
Loan and leases loss allowance	$56
Trading account assets	$0
Bank premises and fixed assets	$984
Other real estate owned	$0
Goodwill and other intangibles	$3,573
All other assets	$2,091

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$115,038
Total Liabilities	$101,710
Total deposits	$96,632
Interest-bearing deposits	$76,474
Deposits held in domestic offices	$96,632
% insured (estimated)	$77
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$5,000
Subordinated debt	$0
All other liabilities	$78

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$72,631
Loan and leases loss allowance	$56
Total loans and leases (domestic)	$72,687
All real estate loans	$49,429
Real estate loans in domestic offices	$49,429
Construction and development loans	$1,572
Residential 1-4 family construction	$1,572
Other construction, all land development and other land	$0
Loans secured by nonfarm nonresidential properties	$4,675
Nonfarm nonresidential secured by owner-occupied properties	$215
Commercial real estate & other non-farm, non-residential	$4,460
Multifamily residential real estate	$2,229
1-4 family residential loans	$18,730
Farmland loans	$22,223
Loans held in foreign offices	$0
Farm loans	$17,305
Commercial and industrial loans	$5,412
To non-U.S. addressees	$0
Loans to individuals	$406
Credit card loans	$0
Related Plans	$0
Consumer Auto Loans	$260
Other loans to individuals	$146
All other loans & leases	$136
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

First Security Bank had $72,631,000 of loans outstanding in 2021. $49,429,000 of loans were in real estate loans. $1,572,000 of loans were in development loans. $2,229,000 of loans were in multifamily mortgage loans. $18,730,000 of loans were in 1-4 family mortgage loans. $17,305,000 of loans were in farm loans. $0 of loans were in credit card loans. $260,000 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	31	$4,666	$150,516
Nonfarm, nonresidential loans - <$100k	14	$487	$34,786
Nonfarm, nonresidential loans - $100-250k	9	$1,155	$128,333
Nonfarm, nonresidential loans - $250k-1MM	8	$3,024	$378,000
Commercial & Industrial, US addressed loans - <$1MM	112	$4,724	$42,179
Commercial & Industrial, US addressed loans - <$100k	96	$2,478	$25,813
Commercial & Industrial, US addressed loans - $100-250k	11	$1,046	$95,091
Commercial & Industrial, US addressed loans - $250k-1MM	5	$1,200	$240,000
Farmland loans - <$1MM	85	$13,225	$155,588
Farmland loans - <$100k	19	$926	$48,737
Farmland loans - $100-250k	37	$4,238	$114,541
Farmland loans - $250k-1MM	29	$8,061	$277,966
Agriculture operations loans - <$1MM	204	$13,768	$67,490
Agriculture operations loans - <$100k	142	$3,909	$27,528
Agriculture operations loans - $100-250k	39	$4,115	$105,513
Agriculture operations loans - $250k-1MM	23	$5,744	$249,739