First National Bank Of Pana Mortgage Rates, Fees & Info

Pana, IL

LEI: 5493000EKZWTYZXUW582

Tax ID: 37-0274765

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 National Bank Of Pana is a smaller bank specializing in Home Purchase, Refi, and Cash Out Refi loans. First National Bank Of Pana has a high proportion of conventional loans. First National Bank Of Pana has a high proportion of conventional loans. Their top markets by origination volume include: Taylorville, Decatur, Carbondale, Charleston, and St. Louis among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    First National Bank Of Pana has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. First National Bank Of Pana 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.

    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

    68

    Origination Dollar Volume (All Markets)

    $5,290,000

    Employee count

    36

    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
    Taylorville, IL (FHA|USDA|VA) 26 $1,820,000 $70,000 $875 5.22%
    DECATUR, IL (FHA|USDA|VA) 22 $1,750,000 $79,545 $813 4.90%
    Outside of Metro Areas 17 $1,535,000 $90,294 $1,258 5.05%
    CARBONDALE-MARION, IL (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
    Charleston-Mattoon, IL (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $35,000 $35,000 $0 5.25%
    First National Bank Of Pana's top markets include Taylorville, Decatur, Carbondale, Charleston, and St. Louis among others.

    Their top states include:
  • Illinois (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 40 $3,270,000 $81,750 $0 0.00%
    Conventional 28 $2,020,000 $72,143 $1,018 5.05%

    For 2018, First National Bank Of Pana's most frequently originated type of loan was Conventional, with 40 originations. Their 2nd most popular type was Conventional, with 28 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 41 $2,265,000 $55,244 $1,090 5.15%
    Refi 14 $1,800,000 $128,571 $373 4.63%
    Cash Out Refi 13 $1,225,000 $94,231 $1,214 4.89%

    For 2018, First National Bank Of Pana's most frequently cited loan purpose was Home Purchase, with 41 originations. The 2nd most popular reason was Refi, with 14 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 48 $4,230,000 $88,125 $1,008 4.78%
    5 Year 9 $325,000 $36,111 $818 5.14%
    3 Year 5 $185,000 $37,000 $1,013 5.39%
    30 Year 2 $420,000 $210,000 $1,421 4.70%
    10 Year 2 $50,000 $25,000 $896 5.38%
    20 Year 1 $35,000 $35,000 $813 4.71%
    15 Year 1 $45,000 $45,000 $913 5.00%

    For 2018, First National Bank Of Pana's most frequently cited loan duration was Other, with 48 originations. The 2nd most popular length was 5 Year, with 9 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 12 $1,360,000 $113,333

    First National Bank Of Pana's average total fees were $1,421, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 12 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 17 $1,695,000 $99,706
    5-6% 10 $320,000 $32,000
    7-8% 1 $5,000 $5,000

    During 2018, First National Bank Of Pana's average interest rate for loans was 4.70%, while their most frequently originated rate bucket for loans was 4-5%, with 17 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 56 $2,450,000 $43,750 $856 5.16%
    $100k-200k 8 $1,080,000 $135,000 $1,020 4.63%
    $200k-400k 2 $520,000 $260,000 $1,099 4.90%
    $400k-600k 1 $535,000 $535,000 $2,223 4.50%
    $600k-1MM 1 $705,000 $705,000 $0 0.00%

    2018 saw First National Bank Of Pana place emphasis on $100,000 or less loans with 56 originations, totaling $2,450,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 17 $775,000 $45,588 $881 5.65%
    $100k-150k 15 $1,395,000 $93,000 $1,263 4.71%
    $50k-75k 15 $605,000 $40,333 $803 5.06%
    $150k-250k 10 $1,480,000 $148,000 $1,421 4.98%
    $75k-100k 6 $500,000 $83,333 $918 5.00%
    $250k+ 1 $265,000 $265,000 $0 0.00%

    First National Bank Of Pana lent most frequently to those with incomes in the $50k or less range, with 17 originations. The second most popular income band? $100k-150k, with 15 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 40 $3,270,000 $81,750 $0 0.00%
    20-30% 11 $625,000 $56,818 $938 5.12%
    <20% 5 $215,000 $43,000 $521 5.40%
    30-36% 5 $415,000 $83,000 $1,331 4.95%
    >60% 2 $60,000 $30,000 $0 4.38%
    38% 1 $35,000 $35,000 $0 5.25%
    40% 1 $45,000 $45,000 $1,153 4.75%
    46% 1 $535,000 $535,000 $2,223 4.50%
    36% 1 $35,000 $35,000 $0 5.50%

    First National Bank Of Pana lent most frequently to those with DTI ratios of Exempt%, with 40 originations. The next most common DTI ratio? 20-30%, with 11 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 62 $4,920,000 $79,355 $1,018 5.06%
    Not applicable 4 $270,000 $67,500 $1,013 4.88%
    American Indian 1 $75,000 $75,000 $0 0.00%
    Asian 1 $25,000 $25,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.91%

    First National Bank Of Pana has an average approval rate.

    Pick Rate

    Approvals leading to origination
    97.06%

    First National Bank Of Pana 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 40 $3,270,000 $81,750
    NA 28 $2,020,000 $72,143

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 7 $355,000 $50,714
    Single Family (1-4 Units):Site-Built 61 $4,935,000 $80,902

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 2 $20,000 $10,000 $818 6.25%
    40-60% 3 $85,000 $28,333 $720 5.15%
    60-80% 16 $1,460,000 $91,250 $1,290 4.94%
    80-100% 7 $455,000 $65,000 $611 4.90%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    FIRST NATIONAL BANK OF OMAHA Conventional home mortgage Struggling to pay mortgage 1 50.0%
    FIRST NATIONAL BANK OF OMAHA Home equity loan or line of credit (HELOC) Closing on a mortgage 1 50.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    First National Bank of Pana East Illinois Street And Route 51 Assumption, IL 62510 Full Service B&M $11,382
    First National Bank of Pana 306 South Locust Street Pana, IL 62557 Full Service B&M $98,209
    First National Bank of Pana 202 North Saint Marie Street Blue Mound, IL 62513 Full Service B&M $27,023
    First National Bank of Pana 600 West Spresser Taylorville, IL 62568 Full Service B&M $18,009

    For 2018, First National Bank Of Pana had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $7,019
    Net interest income $6,281
    Total noninterest income $1,119
    Gross Fiduciary activities income $21
    Service charges on deposit accounts $271
    Trading account gains and fees $0
    Additional Noninterest Income $827
    Pre-tax net operating income $2,952
    Securities gains (or losses, -) $0
    Income before extraordinary items $2,910
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,910
    Minority interest net income $0
    Net income $2,910
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,910

    First National Bank Of Pana's gross interest income from loans was $7,019,000.
    First National Bank Of Pana's net interest income from loans was $6,281,000.
    First National Bank Of Pana's fee based income from loans was $271,000.
    First National Bank Of Pana's net income from loans was $2,910,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $738
    Provision for credit losses $205
    Total noninterest expense $4,243
    Salaries and employee benefits $2,292
    Premises and equipment expense $409
    Additional noninterest expense $1,542
    Applicable income taxes $42
    Net charge-offs $206
    Cash dividends $1,288

    First National Bank Of Pana's interest expense for loans was $738,000.
    First National Bank Of Pana's payroll and benefits expense were $2,292,000.
    First National Bank Of Pana's property, plant and equipment expenses $409,000.

    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 $153,074
    Deposits held in domestic offices $153,074
    Deposits by Individuals, partnerships, and corporations $144,152
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $8,922
    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 $65,219
    Demand deposits $34,905
    Nontransaction accounts $87,855
    Money market deposit accounts (MMDAs) $11,074
    Other savings deposits (excluding MMDAs) $29,332
    Total time deposits $47,449
    Total time and savings deposits $118,169
    Noninterest-bearing deposits $34,905
    Interest-bearing deposits $118,169
    Retail deposits $149,126
    IRAs and Keogh plan accounts $9,355
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $175,290
    Cash & Balances due from depository institutions $6,674
    Interest-bearing balances $115
    Total securities $25,615
    Federal funds sold & reverse repurchase $0
    Net loans and leases $134,392
    Loan and leases loss allowance $1,705
    Trading account assets $0
    Bank premises and fixed assets $1,515
    Other real estate owned $0
    Goodwill and other intangibles $366
    All other assets $6,728

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $175,290
    Total Liabilities $154,591
    Total deposits $153,074
    Interest-bearing deposits $118,169
    Deposits held in domestic offices $153,074
    % insured (estimated) $92
    Federal funds purchased and repurchase agreements $713
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $804

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $134,392
    Loan and leases loss allowance $1,705
    Total loans and leases (domestic) $136,097
    All real estate loans $108,902
    Real estate loans in domestic offices $108,902
    Construction and development loans $5,988
    Residential 1-4 family construction $3,120
    Other construction, all land development and other land $2,868
    Loans secured by nonfarm nonresidential properties $45,093
    Nonfarm nonresidential secured by owner-occupied properties $14,903
    Commercial real estate & other non-farm, non-residential $30,190
    Multifamily residential real estate $823
    1-4 family residential loans $33,022
    Farmland loans $23,976
    Loans held in foreign offices $0
    Farm loans $12,663
    Commercial and industrial loans $10,760
    To non-U.S. addressees $0
    Loans to individuals $3,226
    Credit card loans $0
    Related Plans $42
    Consumer Auto Loans $1,101
    Other loans to individuals $2,083
    All other loans & leases $546
    Loans to foreign governments and official institutions $0
    Other loans $29
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $399
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $882
    Non 1-4 family restructured loans & leases $690
    Total loans and leases (foreign) $0

    First National Bank of Pana had $134,392,000 of loans outstanding in 2018. $108,902,000 of loans were in real estate loans. $5,988,000 of loans were in development loans. $823,000 of loans were in multifamily mortgage loans. $33,022,000 of loans were in 1-4 family mortgage loans. $12,663,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,101,000 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 94 $16,337 $173,798
    Nonfarm, nonresidential loans - <$100k 38 $1,558 $41,000
    Nonfarm, nonresidential loans - $100-250k 27 $3,759 $139,222
    Nonfarm, nonresidential loans - $250k-1MM 29 $11,020 $380,000
    Commercial & Industrial, US addressed loans - <$1MM 198 $9,027 $45,591
    Commercial & Industrial, US addressed loans - <$100k 156 $3,347 $21,455
    Commercial & Industrial, US addressed loans - $100-250k 26 $3,124 $120,154
    Commercial & Industrial, US addressed loans - $250k-1MM 16 $2,556 $159,750
    Farmland loans - <$1MM 106 $12,162 $114,736
    Farmland loans - <$100k 42 $1,640 $39,048
    Farmland loans - $100-250k 35 $3,923 $112,086
    Farmland loans - $250k-1MM 29 $6,599 $227,552
    Agriculture operations loans - <$1MM 120 $7,509 $62,575
    Agriculture operations loans - <$100k 81 $2,084 $25,728
    Agriculture operations loans - $100-250k 30 $3,236 $107,867
    Agriculture operations loans - $250k-1MM 9 $2,189 $243,222