First National Bank Of Brookfield Mortgage Rates, Fees & Info

Brookfield, IL

LEI: 254900TO7P4MVLV70225

Tax ID: 36-2483165

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

First National Bank Of Brookfield is a smaller bank specializing in Refi, Home Purchase, and Cash Out Refi loans. First National Bank Of Brookfield has a high proportion of conventional loans. Their top markets include Chicago, Whitewater, Albuquerque, Miami, and Niles among others. First National Bank Of Brookfield has an above average approval rate for mortages when compared nationally. They have an above average pick rate when compared to the same sample of other lendors.


Originations

302

Origination Dollar Volume (All Markets)

$115,850,000

Employee count

34

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 261 $101,385,000 $388,448 $0 0.00%
Whitewater, WI (FHA|USDA|VA) 4 $1,970,000 $492,500 $0 0.00%
ALBUQUERQUE, NM (FHA|USDA|VA) 5 $1,875,000 $375,000 $0 0.00%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 5 $1,865,000 $373,000 $0 0.00%
NILES, MI (FHA|USDA|VA) 3 $1,265,000 $421,667 $0 0.00%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 2 $960,000 $480,000 $0 0.00%
ST. LOUIS, MO-IL (FHA|USDA|VA) 2 $870,000 $435,000 $0 0.00%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $825,000 $825,000 $0 0.00%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $535,000 $535,000 $0 0.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $475,000 $475,000 $0 0.00%
PITTSBURGH, PA (FHA|USDA|VA) 1 $455,000 $455,000 $0 0.00%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $385,000 $385,000 $0 0.00%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $355,000 $355,000 $0 0.00%
Durango, CO (FHA|USDA|VA) 1 $335,000 $335,000 $0 0.00%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 1 $325,000 $325,000 $0 0.00%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $275,000 $275,000 $0 0.00%
SPRINGFIELD, IL (FHA|USDA|VA) 1 $235,000 $235,000 $0 0.00%
Traverse City, MI (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
Ottawa, IL (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
Outside of Metro Areas 1 $155,000 $155,000 $0 0.00%
Pontiac, IL (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
Cornelia, GA (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
Warsaw, IN (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%

First National Bank Of Brookfield's top markets include Chicago, Whitewater, Albuquerque, Miami, and Niles among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 302 $115,850,000 $383,609 $0 0.00%

For the 2021 period, First National Bank Of Brookfield's most frequently originated loan type of loans were Conventional, with 302 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 145 $45,125,000 $311,207 $0 0.00%
Home Purchase 80 $36,520,000 $456,500 $0 0.00%
Cash Out Refi 77 $34,205,000 $444,221 $0 0.00%

For the 2021, First National Bank Of Brookfield's most frequently cited loan purpose of loans were Refi, with 145 originations. The 2nd most popular reason of loans were Home Purchase, with 80 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
Other 302 $115,850,000 $383,609 $0 0.00%

For the 2021, First National Bank Of Brookfield's most frequently cited loan length of loans were Other, with 302 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 123 $35,155,000 $285,813 $0 0.00%
$400k-600k 83 $40,835,000 $491,988 $0 0.00%
$100k-200k 64 $10,020,000 $156,563 $0 0.00%
$600k-1MM 15 $12,435,000 $829,000 $0 0.00%
$1MM+ 10 $16,800,000 $1,680,000 $0 0.00%
$100,000 or less 7 $605,000 $86,429 $0 0.00%

2021 saw First National Bank Of Brookfield place emphasis on $200k-400k loans with 123 originations, totaling $35,155,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 59 $17,515,000 $296,864 $0 0.00%
$150k-250k 58 $21,080,000 $363,448 $0 0.00%
$250k+ 58 $23,740,000 $409,310 $0 0.00%
$50k-75k 28 $5,400,000 $192,857 $0 0.00%
$75k-100k 28 $7,600,000 $271,429 $0 0.00%
$50k or less 15 $2,915,000 $194,333 $0 0.00%

First National Bank Of Brookfield lent most frequently to those with incomes in the $100k-150k range, with 59 originations. The second most popular income band? $150k-250k, with 58 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
Exempt% 302 $115,850,000 $383,609 $0 0.00%

First National Bank Of Brookfield lent most frequently to those with DTI ratios of Exempt%, with 302 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 227 $74,355,000 $327,555 $0 0.00%
Not applicable 52 $36,170,000 $695,577 $0 0.00%
Not provided 20 $4,770,000 $238,500 $0 0.00%
Asian 2 $480,000 $240,000 $0 0.00%
Black 1 $75,000 $75,000 $0 0.00%

Approval Rates

Total approvals of all applications
97.44%

First National Bank Of Brookfield 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
95.11%

First National Bank Of Brookfield has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

Points and Fees

Points Originations Total Value Average Loan
Exempt 302 $115,850,000 $383,609

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
302 $115,850,000 $383,609

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
FIRST NATIONAL BANK OF OMAHA Other type of mortgage Struggling to pay mortgage 1 25.0%
FIRST NATIONAL BANK OF OMAHA FHA mortgage Improper use of your report 1 25.0%
FIRST NATIONAL BANK OF OMAHA Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 25.0%
FIRST NATIONAL BANK OF OMAHA Conventional home mortgage Trouble during payment process 1 25.0%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
First National Bank of Brookfield 9136 Washington Avenue Brookfield, IL 60513 Full Service B&M $229,065

For 2021, First National Bank Of Brookfield had 1 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $10,957
Net interest income $9,631
Total noninterest income $2,222
Gross Fiduciary activities income $0
Service charges on deposit accounts $91
Trading account gains and fees $0
Additional Noninterest Income $2,131
Pre-tax net operating income $5,502
Securities gains (or losses, -) $0
Income before extraordinary items $4,017
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $4,017
Minority interest net income $0
Net income $4,017
Sale, conversion, retirement of capital stock, net $0
Net operating income $4,017

First National Bank Of Brookfield's gross interest income from loans was $10,957,000.
First National Bank Of Brookfield's net interest income from loans was $9,631,000.
First National Bank Of Brookfield's fee based income from loans was $91,000.
First National Bank Of Brookfield's net income from loans was $4,017,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $1,326
Provision for credit losses $0
Total noninterest expense $6,351
Salaries and employee benefits $4,662
Premises and equipment expense $370
Additional noninterest expense $1,319
Applicable income taxes $1,485
Net charge-offs $-301
Cash dividends $0

First National Bank Of Brookfield's interest expense for loans was $1,326,000.
First National Bank Of Brookfield's payroll and benefits expense were $4,662,000.
First National Bank Of Brookfield's property, plant and equipment expenses $370,000.

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 $246,147
Deposits held in domestic offices $246,147
Deposits by Individuals, partnerships, and corporations $222,459
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $23,688
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 $96,994
Demand deposits $66,587
Nontransaction accounts $149,153
Money market deposit accounts (MMDAs) $19,423
Other savings deposits (excluding MMDAs) $63,438
Total time deposits $66,292
Total time and savings deposits $179,560
Noninterest-bearing deposits $66,587
Interest-bearing deposits $179,560
Retail deposits $242,127
IRAs and Keogh plan accounts $9,015
Brokered deposits $0
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $315,156
Cash & Balances due from depository institutions $76,976
Interest-bearing balances $75,949
Total securities $7,785
Federal funds sold & reverse repurchase $0
Net loans and leases $222,594
Loan and leases loss allowance $3,433
Trading account assets $0
Bank premises and fixed assets $2,497
Other real estate owned $900
Goodwill and other intangibles $0
All other assets $4,404

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $315,156
Total Liabilities $285,789
Total deposits $246,147
Interest-bearing deposits $179,560
Deposits held in domestic offices $246,147
% insured (estimated) $80
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $38,458
Subordinated debt $0
All other liabilities $1,184

Issued Loan Types

Type Value (in 000's)
Net loans and leases $222,594
Loan and leases loss allowance $3,433
Total loans and leases (domestic) $226,027
All real estate loans $208,478
Real estate loans in domestic offices $208,478
Construction and development loans $21,841
Residential 1-4 family construction $11,662
Other construction, all land development and other land $10,179
Loans secured by nonfarm nonresidential properties $44,055
Nonfarm nonresidential secured by owner-occupied properties $22,374
Commercial real estate & other non-farm, non-residential $21,681
Multifamily residential real estate $96,491
1-4 family residential loans $46,091
Farmland loans $0
Loans held in foreign offices $0
Farm loans $0
Commercial and industrial loans $828
To non-U.S. addressees $0
Loans to individuals $17,364
Credit card loans $109
Related Plans $15,714
Consumer Auto Loans $4
Other loans to individuals $1,537
All other loans & leases $12
Loans to foreign governments and official institutions $0
Other loans $12
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 National Bank of Brookfield had $222,594,000 of loans outstanding in 2021. $208,478,000 of loans were in real estate loans. $21,841,000 of loans were in development loans. $96,491,000 of loans were in multifamily mortgage loans. $46,091,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $109,000 of loans were in credit card loans. $4,000 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 79 $21,510 $272,278
Nonfarm, nonresidential loans - <$100k 5 $301 $60,200
Nonfarm, nonresidential loans - $100-250k 22 $2,709 $123,136
Nonfarm, nonresidential loans - $250k-1MM 52 $18,500 $355,769
Commercial & Industrial, US addressed loans - <$1MM 10 $828 $82,800
Commercial & Industrial, US addressed loans - <$100k 4 $115 $28,750
Commercial & Industrial, US addressed loans - $100-250k 1 $150 $150,000
Commercial & Industrial, US addressed loans - $250k-1MM 5 $563 $112,600