First National Bank Of Waterloo Mortgage Rates, Fees & Info
Waterloo, IL
LEI: 5493002GOGIUXB84JB89
Tax ID: 37-0573575
5 stars
-
out of 5 stars, based on 25 reviews
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Mortgage Data
Bank Data
Overview
First National Bank Of Waterloo is a
smaller
bank
specializing in
Refi and Home Purchase loans.
First National Bank Of Waterloo has a high proportion of conventional loans.
Their top markets include St. Louis, Effingham, Atlanta, North Port, and Kansas City among others. First National Bank Of Waterloo has
an above average
approval rate for mortages when compared nationally.
They have
a below average
pick rate when compared to the same sample of other lendors.
First National Bank Of Waterloo is typically
a low fee
lendor.
Originations
622
Origination Dollar Volume (All Markets)
$138,110,000
Employee count
138
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First National Bank of Waterloo - 2021
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For 2021, less than of lenders were eligible for this award.
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Relative Rate
First National Bank Of Waterloo's average 30 year fixed rate mortgage of loans were
3.1%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.05%.
Relative Fees
First National Bank Of Waterloo's average total fees for a 30 year fixed rate
mortgage are $1,625.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
|
ST. LOUIS, MO-IL (FHA|USDA|VA)
|
553
|
$123,815,000 |
$223,897 |
$1,415 |
3.02% |
|
Outside of Metro Areas
|
35 |
$5,725,000 |
$163,571 |
$1,669 |
2.97% |
|
Effingham, IL (FHA|USDA|VA)
|
20
|
$5,690,000 |
$284,500 |
$1,667 |
3.01% |
|
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA)
|
1
|
$715,000 |
$715,000 |
$3,289 |
3.13% |
|
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA)
|
1
|
$365,000 |
$365,000 |
$0 |
3.63% |
|
KANSAS CITY, MO-KS (FHA|USDA|VA)
|
1
|
$335,000 |
$335,000 |
$1,815 |
2.25% |
|
Centralia, IL (FHA|USDA|VA)
|
2
|
$320,000 |
$160,000 |
$0 |
4.15% |
|
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA)
|
1
|
$225,000 |
$225,000 |
$2,941 |
3.25% |
|
SPRINGFIELD, MO (FHA|USDA|VA)
|
1
|
$205,000 |
$205,000 |
$2,374 |
3.13% |
|
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA)
|
1
|
$195,000 |
$195,000 |
$1,536 |
3.13% |
|
JACKSON, TN (FHA|USDA|VA)
|
1
|
$165,000 |
$165,000 |
$1,557 |
2.13% |
|
Charleston-Mattoon, IL (FHA|USDA|VA)
|
3
|
$145,000 |
$48,333 |
$1,576 |
3.42% |
|
Branson, MO (FHA|USDA|VA)
|
1
|
$105,000 |
$105,000 |
$2,225 |
2.75% |
|
Martin, TN (FHA|USDA|VA)
|
1
|
$105,000 |
$105,000 |
$1,568 |
2.88% |
First National Bank Of Waterloo's top markets include St. Louis, Effingham, Atlanta, North Port, and Kansas City among others.
Product Mix
| Loan Type |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| Conventional |
622 |
$138,110,000 |
$222,042 |
$1,454 |
3.02% |
For the 2021 period, First National Bank Of Waterloo's most frequently
originated loan type
of loans were Conventional, with 622 originations.
Loan Reason
| Loan Reason |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| Refi |
250 |
$53,980,000 |
$215,920 |
$1,260 |
2.89% |
| Home Purchase |
217 |
$50,725,000 |
$233,756 |
$1,744 |
3.26% |
| Cash Out Refi |
137 |
$24,495,000 |
$178,796 |
$1,458 |
2.83% |
| Home Improvement |
12 |
$8,140,000 |
$678,333 |
$894 |
3.77% |
| Other |
6 |
$770,000 |
$128,333 |
$1,317 |
3.17% |
For the 2021, First National Bank Of Waterloo's most frequently cited loan
purpose
of loans were Refi, with 250
originations.
The 2nd most popular reason of loans were Home Purchase,
with 217 originations.
Loan Duration/Length
| Loan Length |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| 30 Year |
230 |
$48,340,000 |
$210,174 |
$1,625 |
3.10% |
| 15 Year |
189 |
$30,105,000 |
$159,286 |
$1,332 |
2.58% |
| 20 Year |
76 |
$12,450,000 |
$163,816 |
$1,321 |
3.35% |
| Other |
64 |
$15,720,000 |
$245,625 |
$1,304 |
3.20% |
| 5 Year |
43 |
$28,665,000 |
$666,628 |
$2,059 |
3.84% |
| 10 Year |
19 |
$2,605,000 |
$137,105 |
$1,162 |
2.70% |
| 1 Year |
1 |
$225,000 |
$225,000 |
$0 |
4.00% |
For the 2021, First National Bank Of Waterloo's most frequently cited loan
length
of loans were 30 Year, with 230 originations.
The 2nd most popular length of loans were 15 Year,
with 189 originations.
Origination Fees
| Origination Fee |
Originations |
Total Value |
Average Loan |
| $<1k |
465 |
$89,035,000 |
$191,473 |
| $1k-2k |
11 |
$2,355,000 |
$214,091 |
| $3k-4k |
2 |
$510,000 |
$255,000 |
| $2k-3k |
1 |
$205,000 |
$205,000 |
$1,625 of loans were First National Bank Of Waterloo's
average total fees, while their most
frequently occuring range of origination fees were in the
$<1k bucket,
with 465 originations.
Interest Rates
| Loan Rate |
Originations |
Total Value |
Average Loan |
| 2.5-3% |
206 |
$41,080,000 |
$199,417 |
| 3-4% |
201 |
$64,455,000 |
$320,672 |
| <2.5% |
165 |
$26,745,000 |
$162,091 |
| 4-5% |
50 |
$5,830,000 |
$116,600 |
During 2021, First National Bank Of Waterloo's average interest
rate of loans were 3.10%, while their
most frequently originated rate bucket of loans were 2.5-3%,
with 206 originations.
Loan Sizing
| Loan Size |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| $100k-200k |
273 |
$39,565,000 |
$144,927 |
$1,418 |
2.94% |
| $200k-400k |
159 |
$42,555,000 |
$267,642 |
$1,578 |
2.95% |
| $100,000 or less |
142 |
$9,510,000 |
$66,972 |
$1,247 |
3.19% |
| $400k-600k |
29 |
$13,715,000 |
$472,931 |
$1,523 |
3.13% |
| $600k-1MM |
10 |
$7,640,000 |
$764,000 |
$2,350 |
3.28% |
| $1MM+ |
9 |
$25,125,000 |
$2,791,667 |
$0 |
3.59% |
2021 saw First National Bank Of Waterloo place emphasis on
$100k-200k loans
with 273 originations, totaling
$39,565,000 in origination value.
Applicant Income
| Applicant Income |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| $100k-150k |
124 |
$25,000,000 |
$201,613 |
$1,428 |
2.95% |
| $50k-75k |
124 |
$17,650,000 |
$142,339 |
$1,484 |
2.87% |
| $75k-100k |
102 |
$16,590,000 |
$162,647 |
$1,476 |
2.81% |
| $150k-250k |
85 |
$22,765,000 |
$267,824 |
$1,488 |
2.86% |
| $50k or less |
71 |
$7,225,000 |
$101,761 |
$1,437 |
2.93% |
| $250k+ |
18 |
$7,050,000 |
$391,667 |
$1,555 |
3.04% |
First National Bank Of Waterloo lent most frequently to those with incomes in the
$100k-150k range, with
124 originations.
The second most popular income band? $50k-75k,
with 124 originations.
Applicant Debt to Income Ratio
| DTI Ratio |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| 20-30% |
150 |
$27,440,000 |
$182,933 |
$1,412 |
2.85% |
| 30-36% |
106 |
$19,410,000 |
$183,113 |
$1,416 |
2.90% |
| <20% |
77 |
$13,895,000 |
$180,455 |
$1,437 |
2.72% |
| 38% |
24 |
$3,780,000 |
$157,500 |
$1,674 |
3.05% |
| 39% |
23 |
$4,195,000 |
$182,391 |
$1,617 |
2.96% |
| 36% |
21 |
$4,085,000 |
$194,524 |
$1,383 |
3.02% |
| 41% |
20 |
$3,690,000 |
$184,500 |
$1,313 |
2.63% |
| 37% |
17 |
$3,645,000 |
$214,412 |
$1,602 |
3.06% |
| 40% |
15 |
$2,835,000 |
$189,000 |
$1,654 |
2.97% |
| 43% |
14 |
$2,890,000 |
$206,429 |
$1,482 |
2.79% |
| 42% |
13 |
$2,235,000 |
$171,923 |
$1,654 |
2.81% |
| 44% |
10 |
$1,600,000 |
$160,000 |
$1,474 |
2.81% |
| 47% |
9 |
$2,025,000 |
$225,000 |
$1,266 |
2.61% |
| 49% |
8 |
$2,190,000 |
$273,750 |
$1,622 |
3.08% |
| 45% |
7 |
$1,285,000 |
$183,571 |
$1,361 |
2.84% |
| 48% |
6 |
$1,090,000 |
$181,667 |
$1,287 |
2.79% |
| 46% |
4 |
$790,000 |
$197,500 |
$1,476 |
3.25% |
| 50-60% |
1 |
$265,000 |
$265,000 |
$1,417 |
3.00% |
| >60% |
1 |
$15,000 |
$15,000 |
$1,173 |
2.88% |
First National Bank Of Waterloo lent most frequently to those with DTI ratios
of 20-30%, with
150 originations.
The next most common DTI ratio? 30-36%,
with 106 originations.
Ethnicity Mix
| Applicant Ethnicity |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| White |
519 |
$94,445,000 |
$181,975 |
$1,444 |
2.88% |
| Not applicable |
87 |
$39,845,000 |
$457,989 |
$0 |
3.88% |
| Not provided |
9 |
$2,365,000 |
$262,778 |
$1,788 |
2.83% |
| Asian |
4 |
$1,070,000 |
$267,500 |
$1,762 |
3.03% |
| Black |
3 |
$385,000 |
$128,333 |
$1,675 |
3.25% |
Approval Rates
Total approvals of all applications
97.22%
First National Bank Of Waterloo 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
88.28%
First National Bank Of Waterloo has an average pick rate.
Points and Fees
| Points |
Originations |
Total Value |
Average Loan |
| NA |
622 |
$138,110,000 |
$222,042 |
Occupancy Type Mix
| Dwelling Type |
Originations |
Total Value |
Average Loan |
|
622 |
$138,110,000 |
$222,042 |
LTV Distribution
| Loan to Value |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| 20-40% |
54 |
$9,170,000 |
$169,815 |
$1,222 |
2.74% |
| 40-60% |
117 |
$22,065,000 |
$188,590 |
$1,275 |
2.68% |
| 60-80% |
292 |
$69,550,000 |
$238,185 |
$1,466 |
3.13% |
| 80-100% |
145 |
$36,615,000 |
$252,517 |
$1,759 |
3.18% |
| Under 20% |
14 |
$710,000 |
$50,714 |
$971 |
3.25% |
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 Waterloo |
100 East Clay Street Collinsville, IL 62234 |
Full Service B&M
|
$56,657 |
| First National Bank of Waterloo |
104 Regency Park Drive O Fallon, IL 62269 |
Full Service B&M
|
$18,386 |
| First National Bank of Waterloo |
107 North Second Street Dupo, IL 62239 |
Full Service B&M
|
$46,132 |
| First National Bank of Waterloo |
110 E Main St Stewardson, IL 62463 |
Full Service B&M
|
$33,987 |
| First National Bank of Waterloo |
1421 North Main Street Columbia, IL 62236 |
Full Service B&M
|
$122,682 |
| First National Bank of Waterloo |
210 East Fayette Avenue Effingham, IL 62401 |
Full Service B&M
|
$18,765 |
| First National Bank of Waterloo |
2110 N. Center Street Maryville, IL 62062 |
Full Service B&M
|
$43,108 |
| First National Bank of Waterloo |
228 S Main St Waterloo, IL 62298 |
Full Service B&M
|
$195,689 |
| First National Bank of Waterloo |
4053 State Route 159 Smithton, IL 62285 |
Full Service B&M
|
$12,118 |
| First National Bank of Waterloo |
645 East Washington Street Millstadt, IL 62260 |
Full Service B&M
|
$69,353 |
| First National Bank of Waterloo |
744 North Market Waterloo, IL 62298 |
Full Service B&M
|
$65,526 |
| First National Bank of Waterloo |
961 North Market Street Waterloo, IL 62298 |
Full Service Retail
|
$14,247 |
For 2021, First National Bank Of Waterloo had 12 branches.
Yearly Performance Overview
Bank Income
First National Bank Of Waterloo's gross interest income from loans was $22,201,000.
First National Bank Of Waterloo's net interest income from loans was $19,114,000.
First National Bank Of Waterloo's fee based income from loans was $530,000.
First National Bank Of Waterloo's net income from loans was $5,143,000.
Bank Expenses
| Item |
Value (in 000's) |
| Total interest expense |
$3,087 |
| Provision for credit losses |
$1,047 |
| Total noninterest expense |
$17,545 |
| Salaries and employee benefits |
$11,074 |
| Premises and equipment expense |
$1,866 |
| Additional noninterest expense |
$4,605 |
| Applicable income taxes |
$1,378 |
| Net charge-offs |
$93 |
| Cash dividends |
$1,000 |
First National Bank Of Waterloo's interest expense for loans was $3,087,000.
First National Bank Of Waterloo's payroll and benefits expense were $11,074,000.
First National Bank Of Waterloo's property, plant and equipment expenses $1,866,000.
Deposits
| Type |
Value (in 000's) |
| Total deposits |
$701,296 |
| Deposits held in domestic offices |
$701,296 |
| Deposits by Individuals, partnerships, and corporations |
$609,638 |
| Deposits by U.S. Government |
$0 |
| Deposits by States and political subdivisions in the U.S. |
$91,658 |
| 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 |
$269,011 |
| Demand deposits |
$119,610 |
| Nontransaction accounts |
$432,285 |
| Money market deposit accounts (MMDAs) |
$119,901 |
| Other savings deposits (excluding MMDAs) |
$160,295 |
| Total time deposits |
$152,090 |
| Total time and savings deposits |
$581,686 |
| Noninterest-bearing deposits |
$127,240 |
| Interest-bearing deposits |
$574,056 |
| Retail deposits |
$682,978 |
| IRAs and Keogh plan accounts |
$44,487 |
| Brokered deposits |
$0 |
| Deposits held in foreign offices |
$0 |
Assets
| Asset |
Value (in 000's) |
| Total Assets |
$820,391 |
| Cash & Balances due from depository institutions |
$30,257 |
| Interest-bearing balances |
$22,921 |
| Total securities |
$302,971 |
| Federal funds sold & reverse repurchase |
$41,102 |
| Net loans and leases |
$405,473 |
| Loan and leases loss allowance |
$5,234 |
| Trading account assets |
$0 |
| Bank premises and fixed assets |
$11,077 |
| Other real estate owned |
$1,181 |
| Goodwill and other intangibles |
$4,988 |
| All other assets |
$23,342 |
Liabilities
| Liabilities |
Value (in 000's) |
| Total liabilities and capital |
$820,391 |
| Total Liabilities |
$749,378 |
| Total deposits |
$701,296 |
| Interest-bearing deposits |
$574,056 |
| Deposits held in domestic offices |
$701,296 |
| % insured (estimated) |
$79 |
| Federal funds purchased and repurchase agreements |
$39,628 |
| Trading liabilities |
$0 |
| Other borrowed funds |
$5,000 |
| Subordinated debt |
$0 |
| All other liabilities |
$3,454 |
Issued Loan Types
| Type |
Value (in 000's) |
| Net loans and leases |
$405,473 |
| Loan and leases loss allowance |
$5,234 |
| Total loans and leases (domestic) |
$410,707 |
| All real estate loans |
$357,908 |
| Real estate loans in domestic offices |
$357,908 |
| Construction and development loans |
$39,434 |
| Residential 1-4 family construction |
$12,592 |
| Other construction, all land development and other land |
$26,842 |
| Loans secured by nonfarm nonresidential properties |
$132,039 |
| Nonfarm nonresidential secured by owner-occupied properties |
$49,883 |
| Commercial real estate & other non-farm, non-residential |
$82,156 |
| Multifamily residential real estate |
$44,375 |
| 1-4 family residential loans |
$126,041 |
| Farmland loans |
$16,019 |
| Loans held in foreign offices |
$0 |
| Farm loans |
$4,814 |
| Commercial and industrial loans |
$36,666 |
| To non-U.S. addressees |
$0 |
| Loans to individuals |
$2,845 |
| Credit card loans |
$6 |
| Related Plans |
$60 |
| Consumer Auto Loans |
$470 |
| Other loans to individuals |
$2,309 |
| All other loans & leases |
$8,779 |
| Loans to foreign governments and official institutions |
$0 |
| Other loans |
$1,745 |
| Loans to depository institutions and acceptances of other banks |
$6,129 |
| Loans not secured by real estate |
$584 |
| Loans secured by real estate to non-U.S. addressees |
$0 |
| Restructured Loans & leases |
$2,457 |
| Non 1-4 family restructured loans & leases |
$1,108 |
| Total loans and leases (foreign) |
$0 |
First National Bank of Waterloo had $405,473,000 of loans outstanding in 2021. $357,908,000 of loans were in real estate loans.
$39,434,000 of loans were in development loans. $44,375,000 of loans were in multifamily mortgage loans.
$126,041,000 of loans were in 1-4 family mortgage loans. $4,814,000 of loans were in farm loans. $6,000
of loans were in credit card loans. $470,000 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 |
175 |
$38,590 |
$220,514 |
| Nonfarm, nonresidential loans - <$100k |
35 |
$1,765 |
$50,429 |
| Nonfarm, nonresidential loans - $100-250k |
57 |
$7,315 |
$128,333 |
| Nonfarm, nonresidential loans - $250k-1MM |
83 |
$29,510 |
$355,542 |
| Commercial & Industrial, US addressed loans - <$1MM |
369 |
$29,629 |
$80,295 |
| Commercial & Industrial, US addressed loans - <$100k |
269 |
$6,942 |
$25,807 |
| Commercial & Industrial, US addressed loans - $100-250k |
56 |
$6,290 |
$112,321 |
| Commercial & Industrial, US addressed loans - $250k-1MM |
44 |
$16,397 |
$372,659 |
| Farmland loans - <$1MM |
44 |
$5,616 |
$127,636 |
| Farmland loans - <$100k |
19 |
$726 |
$38,211 |
| Farmland loans - $100-250k |
15 |
$2,187 |
$145,800 |
| Farmland loans - $250k-1MM |
10 |
$2,703 |
$270,300 |
| Agriculture operations loans - <$1MM |
20 |
$617 |
$30,850 |
| Agriculture operations loans - <$100k |
15 |
$331 |
$22,067 |
| Agriculture operations loans - $100-250k |
4 |
$240 |
$60,000 |
| Agriculture operations loans - $250k-1MM |
1 |
$46 |
$46,000 |
