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

Review & Overview

First National Bank Of Pana is a smaller bank specializing in Home Purchase loans. First National Bank Of Pana has a high proportion of conventional loans. Their top markets by origination volume include: Decatur, Taylorville, 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 National Bank Of Pana has an average approval rate when compared to the average across all lenders.

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Originations

Origination Dollar Volume (All Markets)

$1,605,000

Employee count

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
DECATUR, IL (FHA\|USDA\|VA)	7	$685,000	$97,857	$0	0.00%
Outside of Metro Areas	5	$495,000	$99,000	$0	0.00%
Taylorville, IL (FHA\|USDA\|VA)	6	$330,000	$55,000	$0	0.00%
Lincoln, IL (FHA\|USDA\|VA)	1	$95,000	$95,000	$0	0.00%

First National Bank Of Pana's top markets include Decatur, Taylorville, and Lincoln among others.

Their top states include:

Illinois (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	19	$1,605,000	$84,474	$0	0.00%

For 2020, First National Bank Of Pana's most frequently originated type of loan was Conventional, with 19 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	14	$1,260,000	$90,000	$0	0.00%
Other	2	$170,000	$85,000	$0	0.00%
Refi	2	$150,000	$75,000	$0	0.00%
Cash Out Refi	1	$25,000	$25,000	$0	0.00%

For 2020, First National Bank Of Pana's most frequently cited loan purpose was Home Purchase, with 14 originations. The 2nd most popular reason was Other, with 2 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	19	$1,605,000	$84,474	$0	0.00%

For 2020, First National Bank Of Pana's most frequently cited loan duration was Other, with 19 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	16	$910,000	$56,875	$0	0.00%
$100k-200k	2	$320,000	$160,000	$0	0.00%
$200k-400k	1	$375,000	$375,000	$0	0.00%

2020 saw First National Bank Of Pana place emphasis on $100,000 or less loans with 16 originations, totaling $910,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k or less	5	$365,000	$73,000	$0	0.00%
$50k-75k	4	$360,000	$90,000	$0	0.00%
$75k-100k	4	$200,000	$50,000	$0	0.00%
$250k+	2	$440,000	$220,000	$0	0.00%
$100k-150k	1	$155,000	$155,000	$0	0.00%

First National Bank Of Pana lent most frequently to those with incomes in the $50k or less range, with 5 originations. The second most popular income band? $50k-75k, with 4 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	19	$1,605,000	$84,474	$0	0.00%

First National Bank Of Pana lent most frequently to those with DTI ratios of Exempt%, with 19 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	16	$1,520,000	$95,000	$0	0.00%
Not applicable	3	$85,000	$28,333	$0	0.00%

Approval Rates

Total approvals of all applications
86.36%

First National Bank Of Pana has an average approval rate.

Pick Rate

Approvals leading to origination

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	19	$1,605,000	$84,474

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	1	$15,000	$15,000
Single Family (1-4 Units):Site-Built	18	$1,590,000	$88,333

Complaints

Bank Name	Product	Issue	2020 CPFB Complaints	% of Total Issues
FIRST NATIONAL BANK OF OMAHA	Conventional home mortgage	Struggling to pay mortgage	2	28.6%
FIRST NATIONAL BANK OF OMAHA	Conventional home mortgage	Trouble during payment process	2	28.6%
FIRST NATIONAL BANK OF OMAHA	FHA mortgage	Struggling to pay mortgage	1	14.3%
FIRST NATIONAL BANK OF OMAHA	Other type of mortgage	Trouble during payment process	1	14.3%
FIRST NATIONAL BANK OF OMAHA	Conventional home mortgage	Applying for a mortgage or refinancing an existing mortgage	1	14.3%

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
First National Bank of Pana	1688 South Baltimore Avenue Decatur, IL 62521	Full Service B&M	$4,622
First National Bank of Pana	202 North Saint Marie Street Blue Mound, IL 62513	Full Service B&M	$31,121
First National Bank of Pana	306 South Locust Street Pana, IL 62557	Full Service B&M	$111,285
First National Bank of Pana	600 West Spresser Taylorville, IL 62568	Full Service B&M	$24,372
First National Bank of Pana	East Illinois Street And Route 51 Assumption, IL 62510	Full Service B&M	$10,189

For 2020, First National Bank Of Pana had 5 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$7,780
Net interest income	$6,700
Total noninterest income	$1,122
Gross Fiduciary activities income	$23
Service charges on deposit accounts	$163
Trading account gains and fees	$0
Additional Noninterest Income	$936
Pre-tax net operating income	$2,992
Securities gains (or losses, -)	$24
Income before extraordinary items	$2,971
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$2,971
Minority interest net income	$0
Net income	$2,971
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$2,947

First National Bank Of Pana's gross interest income from loans was $7,780,000.
First National Bank Of Pana's net interest income from loans was $6,700,000.
First National Bank Of Pana's fee based income from loans was $163,000.
First National Bank Of Pana's net income from loans was $2,971,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$1,080
Provision for credit losses	$200
Total noninterest expense	$4,630
Salaries and employee benefits	$2,544
Premises and equipment expense	$469
Additional noninterest expense	$1,617
Applicable income taxes	$45
Net charge-offs	$11
Cash dividends	$1,272

First National Bank Of Pana's interest expense for loans was $1,080,000.
First National Bank Of Pana's payroll and benefits expense were $2,544,000.
First National Bank Of Pana's property, plant and equipment expenses $469,000.

Loan Performance

Type of Loan	% of Loans Noncurrent (30+ days, end of period snapshot)
All loans	0.0%
Real Estate loans	1.0%
Construction & Land Development loans	13.0%
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	$201,643
Deposits held in domestic offices	$201,643
Deposits by Individuals, partnerships, and corporations	$187,186
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$14,457
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	$95,943
Demand deposits	$50,809
Nontransaction accounts	$105,700
Money market deposit accounts (MMDAs)	$16,078
Other savings deposits (excluding MMDAs)	$40,135
Total time deposits	$49,487
Total time and savings deposits	$150,834
Noninterest-bearing deposits	$50,809
Interest-bearing deposits	$150,834
Retail deposits	$193,023
IRAs and Keogh plan accounts	$9,620
Brokered deposits	$996
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$231,554
Cash & Balances due from depository institutions	$34,660
Interest-bearing balances	$28,515
Total securities	$28,723
Federal funds sold & reverse repurchase	$0
Net loans and leases	$159,149
Loan and leases loss allowance	$2,080
Trading account assets	$0
Bank premises and fixed assets	$1,518
Other real estate owned	$38
Goodwill and other intangibles	$259
All other assets	$7,207

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$231,554
Total Liabilities	$206,835
Total deposits	$201,643
Interest-bearing deposits	$150,834
Deposits held in domestic offices	$201,643
% insured (estimated)	$82
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$4,000
Subordinated debt	$0
All other liabilities	$1,192

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$159,149
Loan and leases loss allowance	$2,080
Total loans and leases (domestic)	$161,229
All real estate loans	$119,557
Real estate loans in domestic offices	$119,557
Construction and development loans	$9,913
Residential 1-4 family construction	$2,170
Other construction, all land development and other land	$7,743
Loans secured by nonfarm nonresidential properties	$49,166
Nonfarm nonresidential secured by owner-occupied properties	$20,626
Commercial real estate & other non-farm, non-residential	$28,540
Multifamily residential real estate	$1,034
1-4 family residential loans	$36,884
Farmland loans	$22,560
Loans held in foreign offices	$0
Farm loans	$11,145
Commercial and industrial loans	$26,433
To non-U.S. addressees	$0
Loans to individuals	$2,968
Credit card loans	$0
Related Plans	$31
Consumer Auto Loans	$1,329
Other loans to individuals	$1,608
All other loans & leases	$1,126
Loans to foreign governments and official institutions	$0
Other loans	$39
Loans to depository institutions and acceptances of other banks	$0
Loans not secured by real estate	$282
Loans secured by real estate to non-U.S. addressees	$0
Restructured Loans & leases	$792
Non 1-4 family restructured loans & leases	$656
Total loans and leases (foreign)	$0

First National Bank of Pana had $159,149,000 of loans outstanding in 2020. $119,557,000 of loans were in real estate loans. $9,913,000 of loans were in development loans. $1,034,000 of loans were in multifamily mortgage loans. $36,884,000 of loans were in 1-4 family mortgage loans. $11,145,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,329,000 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	104	$20,848	$200,462
Nonfarm, nonresidential loans - <$100k	35	$1,310	$37,429
Nonfarm, nonresidential loans - $100-250k	29	$3,885	$133,966
Nonfarm, nonresidential loans - $250k-1MM	40	$15,653	$391,325
Commercial & Industrial, US addressed loans - <$1MM	372	$18,670	$50,188
Commercial & Industrial, US addressed loans - <$100k	308	$6,711	$21,789
Commercial & Industrial, US addressed loans - $100-250k	36	$4,292	$119,222
Commercial & Industrial, US addressed loans - $250k-1MM	28	$7,667	$273,821
Farmland loans - <$1MM	98	$10,655	$108,724
Farmland loans - <$100k	37	$1,286	$34,757
Farmland loans - $100-250k	34	$3,541	$104,147
Farmland loans - $250k-1MM	27	$5,828	$215,852
Agriculture operations loans - <$1MM	103	$6,447	$62,592
Agriculture operations loans - <$100k	63	$1,396	$22,159
Agriculture operations loans - $100-250k	28	$2,838	$101,357
Agriculture operations loans - $250k-1MM	12	$2,213	$184,417