First National Bank Mortgage Rates, Fees & Info
Damariscotta, ME
LEI: 5493002J7RM1JLAXN553
Tax ID: 01-0067810
5 stars
-
out of 5 stars, based on 34 reviews
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Mortgage Data
Bank Data
Overview
First National Bank is a
smaller
bank
specializing in
Home Purchase and Refi loans.
First National Bank has a high proportion of conventional loans.
They have a low ratio of USDA loans.
Their top markets include Bangor, Portland, Augusta, Lewiston, and Hilton Head Island among others. First National Bank 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 is typically
an average fee
lendor.
Originations
1,188
Origination Dollar Volume (All Markets)
$296,500,000
Employee count
267
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First National Bank - 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's average 30 year fixed rate mortgage of loans were
3.27%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of 0.12%.
Relative Fees
First National Bank's average total fees for a 30 year fixed rate
mortgage are $4,073.
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 |
|
Outside of Metro Areas
|
945 |
$238,775,000 |
$252,672 |
$3,908 |
3.29% |
|
BANGOR, ME (FHA|USDA|VA)
|
158
|
$34,900,000 |
$220,886 |
$3,737 |
3.97% |
|
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA)
|
44
|
$11,670,000 |
$265,227 |
$4,175 |
3.33% |
|
Augusta-Waterville, ME (FHA|USDA|VA)
|
26
|
$5,910,000 |
$227,308 |
$4,284 |
3.57% |
|
LEWISTON-AUBURN, ME (FHA|USDA|VA)
|
14
|
$3,320,000 |
$237,143 |
$4,052 |
4.07% |
|
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA)
|
1
|
$1,925,000 |
$1,925,000 |
$7,099 |
3.00% |
First National Bank's top markets include Bangor, Portland, Augusta, Lewiston, and Hilton Head Island among others.
Product Mix
| Loan Type |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| Conventional |
1,161 |
$290,355,000 |
$250,090 |
$3,901 |
3.41% |
| VA |
16 |
$4,480,000 |
$280,000 |
$4,628 |
2.94% |
| USDA |
11 |
$1,665,000 |
$151,364 |
$4,366 |
2.93% |
For the 2021 period, First National Bank's most frequently
originated loan type
of loans were Conventional, with 1,161 originations.
Their 2nd most popular type is VA,
with 16 originations.
Loan Reason
| Loan Reason |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| Home Purchase |
519 |
$143,155,000 |
$275,829 |
$4,430 |
3.64% |
| Refi |
333 |
$80,885,000 |
$242,898 |
$3,270 |
3.17% |
| Cash Out Refi |
254 |
$57,770,000 |
$227,441 |
$4,187 |
3.00% |
| Home Improvement |
50 |
$7,650,000 |
$153,000 |
$2,334 |
4.16% |
| Other |
32 |
$7,040,000 |
$220,000 |
$2,558 |
3.62% |
For the 2021, First National Bank's most frequently cited loan
purpose
of loans were Home Purchase, with 519
originations.
The 2nd most popular reason of loans were Refi,
with 333 originations.
Loan Duration/Length
| Loan Length |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| 30 Year |
474 |
$136,220,000 |
$287,384 |
$4,073 |
3.27% |
| Other |
232 |
$57,090,000 |
$246,078 |
$3,884 |
4.21% |
| 15 Year |
217 |
$42,645,000 |
$196,521 |
$3,303 |
2.74% |
| 30+ year |
133 |
$38,995,000 |
$293,195 |
$5,070 |
3.52% |
| 20 Year |
94 |
$18,090,000 |
$192,447 |
$3,638 |
3.20% |
| 10 Year |
31 |
$3,215,000 |
$103,710 |
$1,893 |
3.51% |
| 5 Year |
7 |
$245,000 |
$35,000 |
$501 |
4.34% |
For the 2021, First National Bank's most frequently cited loan
length
of loans were 30 Year, with 474 originations.
The 2nd most popular length of loans were Other,
with 232 originations.
Origination Fees
| Origination Fee |
Originations |
Total Value |
Average Loan |
| $<1k |
490 |
$119,700,000 |
$244,286 |
| $1k-2k |
272 |
$56,920,000 |
$209,265 |
| $2k-3k |
108 |
$32,630,000 |
$302,130 |
| $3k-4k |
76 |
$25,850,000 |
$340,132 |
| $5k+ |
19 |
$7,015,000 |
$369,211 |
$4,073 of loans were First National Bank's
average total fees, while their most
frequently occuring range of origination fees were in the
$<1k bucket,
with 490 originations.
Interest Rates
| Loan Rate |
Originations |
Total Value |
Average Loan |
| 3-4% |
506 |
$138,540,000 |
$273,794 |
| 2.5-3% |
297 |
$76,625,000 |
$257,997 |
| 4-5% |
233 |
$50,015,000 |
$214,657 |
| <2.5% |
146 |
$31,120,000 |
$213,151 |
| 5-6% |
6 |
$200,000 |
$33,333 |
During 2021, First National Bank's average interest
rate of loans were 3.27%, while their
most frequently originated rate bucket of loans were 3-4%,
with 506 originations.
Loan Sizing
| Loan Size |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| $200k-400k |
455 |
$124,035,000 |
$272,604 |
$4,384 |
3.31% |
| $100k-200k |
437 |
$65,725,000 |
$150,400 |
$3,456 |
3.35% |
| $100,000 or less |
148 |
$9,150,000 |
$61,824 |
$2,229 |
3.73% |
| $400k-600k |
98 |
$46,810,000 |
$477,653 |
$5,096 |
3.45% |
| $600k-1MM |
37 |
$27,905,000 |
$754,189 |
$5,080 |
3.48% |
| $1MM+ |
13 |
$22,875,000 |
$1,759,615 |
$8,241 |
3.38% |
2021 saw First National Bank place emphasis on
$200k-400k loans
with 455 originations, totaling
$124,035,000 in origination value.
Applicant Income
| Applicant Income |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| $100k-150k |
228 |
$57,870,000 |
$253,816 |
$4,303 |
3.21% |
| $50k-75k |
217 |
$38,845,000 |
$179,009 |
$3,536 |
3.28% |
| $50k or less |
174 |
$22,550,000 |
$129,598 |
$3,220 |
3.35% |
| $75k-100k |
166 |
$33,960,000 |
$204,578 |
$3,806 |
3.27% |
| $150k-250k |
147 |
$45,585,000 |
$310,102 |
$4,237 |
3.22% |
| $250k+ |
98 |
$55,000,000 |
$561,224 |
$4,896 |
3.21% |
First National Bank lent most frequently to those with incomes in the
$100k-150k range, with
228 originations.
The second most popular income band? $50k-75k,
with 217 originations.
Applicant Debt to Income Ratio
| DTI Ratio |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| 20-30% |
235 |
$50,685,000 |
$215,681 |
$3,883 |
3.11% |
| 30-36% |
209 |
$50,705,000 |
$242,608 |
$3,939 |
3.22% |
| <20% |
110 |
$34,670,000 |
$315,182 |
$3,841 |
3.10% |
| 42% |
39 |
$9,305,000 |
$238,590 |
$4,450 |
3.29% |
| 36% |
38 |
$9,040,000 |
$237,895 |
$4,007 |
3.21% |
| 44% |
34 |
$10,450,000 |
$307,353 |
$4,031 |
3.32% |
| 40% |
32 |
$6,310,000 |
$197,188 |
$3,429 |
3.43% |
| 39% |
30 |
$7,020,000 |
$234,000 |
$3,738 |
3.27% |
| 41% |
30 |
$7,730,000 |
$257,667 |
$3,961 |
3.25% |
| 38% |
29 |
$10,765,000 |
$371,207 |
$4,245 |
3.34% |
| 43% |
29 |
$7,595,000 |
$261,897 |
$4,505 |
3.27% |
| 45% |
28 |
$5,560,000 |
$198,571 |
$3,515 |
3.25% |
| 49% |
25 |
$7,305,000 |
$292,200 |
$4,771 |
2.92% |
| 37% |
24 |
$6,530,000 |
$272,083 |
$3,523 |
3.25% |
| 47% |
23 |
$5,485,000 |
$238,478 |
$3,645 |
3.14% |
| 46% |
15 |
$5,105,000 |
$340,333 |
$4,056 |
3.01% |
| 50-60% |
15 |
$3,555,000 |
$237,000 |
$3,045 |
3.49% |
| 48% |
11 |
$2,255,000 |
$205,000 |
$3,691 |
3.02% |
| >60% |
9 |
$2,045,000 |
$227,222 |
$3,634 |
3.06% |
First National Bank lent most frequently to those with DTI ratios
of 20-30%, with
235 originations.
The next most common DTI ratio? 30-36%,
with 209 originations.
Ethnicity Mix
| Applicant Ethnicity |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| White |
898 |
$218,220,000 |
$243,007 |
$3,902 |
3.25% |
| Not applicable |
145 |
$40,055,000 |
$276,241 |
$0 |
4.29% |
| Not provided |
115 |
$30,595,000 |
$266,043 |
$4,177 |
3.31% |
| Asian |
10 |
$3,240,000 |
$324,000 |
$3,310 |
3.75% |
| American Indian |
9 |
$2,465,000 |
$273,889 |
$3,541 |
3.47% |
| Black |
10 |
$1,760,000 |
$176,000 |
$3,550 |
3.73% |
| Vietnamese |
1 |
$165,000 |
$165,000 |
$3,042 |
3.38% |
Approval Rates
Total approvals of all applications
91.31%
First National Bank has an average approval rate.
Pick Rate
Approvals leading to origination
86.25%
First National Bank has an average pick rate.
Points and Fees
| Points |
Originations |
Total Value |
Average Loan |
| NA |
1,188 |
$296,500,000 |
$249,579 |
Occupancy Type Mix
| Dwelling Type |
Originations |
Total Value |
Average Loan |
|
1,188 |
$296,500,000 |
$249,579 |
LTV Distribution
| Loan to Value |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| 20-40% |
115 |
$20,205,000 |
$175,696 |
$3,157 |
3.08% |
| 40-60% |
231 |
$54,545,000 |
$236,126 |
$3,366 |
3.07% |
| 60-80% |
510 |
$128,110,000 |
$251,196 |
$4,242 |
3.46% |
| 80-100% |
290 |
$88,940,000 |
$306,690 |
$4,592 |
3.56% |
| Over 100% |
3 |
$1,005,000 |
$335,000 |
$9,621 |
3.67% |
| Under 20% |
39 |
$3,695,000 |
$94,744 |
$1,465 |
4.15% |
Complaints
| Bank Name |
Product |
Issue |
2021 CPFB Complaints |
% of Total Issues |
| 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% |
| FIRST NATIONAL BANK OF OMAHA |
FHA mortgage |
Improper use of your report |
1 |
25.0% |
| FIRST NATIONAL BANK OF OMAHA |
Other type of mortgage |
Struggling to pay mortgage |
1 |
25.0% |
Bank Details
Branches
| Bank Name |
Branch |
Branch Type |
Deposits (000's) |
| First National Bank |
132 Park Street Rockland, ME 4841 |
Full Service B&M
|
$80,993 |
| First National Bank |
145 Exchange Street Bangor, ME 4401 |
Full Service B&M
|
$75,356 |
| First National Bank |
3 Summit Road Northeast Harbor, ME 4662 |
Full Service B&M
|
$19,581 |
| First National Bank |
194 Beechland Road Ellsworth, ME 4605 |
Full Service B&M
|
$90,708 |
| First National Bank |
223 Main St Damariscotta, ME 4543 |
Full Service B&M
|
$817,492 |
| First National Bank |
1 Belmont Avenue Belfast, ME 4915 |
Full Service B&M
|
$19,403 |
| First National Bank |
1 South Street Blue Hill, ME 4614 |
Full Service Retail
|
$60,630 |
| First National Bank |
102 Main Street Bar Harbor, ME 4609 |
Full Service B&M
|
$131,082 |
| First National Bank |
102 Washington Street Eastport, ME 4631 |
Full Service B&M
|
$39,116 |
| First National Bank |
114 Commercial Street Rockport, ME 4856 |
Full Service B&M
|
$58,139 |
| First National Bank |
1471 Atlantic Highway Waldoboro, ME 4572 |
Full Service B&M
|
$96,339 |
| First National Bank |
319 North Street Calais, ME 4619 |
Full Service B&M
|
$62,337 |
| First National Bank |
350 Main Street Southwest Harbor, ME 4679 |
Full Service B&M
|
$48,373 |
| First National Bank |
39 Gardiner Road Wiscasset, ME 4578 |
Full Service B&M
|
$73,613 |
| First National Bank |
44 Elm Street Camden, ME 4843 |
Full Service B&M
|
$38,414 |
| First National Bank |
63 Union Street Rockland, ME 4841 |
Full Service B&M
|
$82,851 |
| First National Bank |
77 Oak Street Boothbay Harbor, ME 4538 |
Full Service B&M
|
$168,291 |
For 2021, First National Bank had 17 branches.
Yearly Performance Overview
Bank Income
First National Bank's gross interest income from loans was $78,392,000.
First National Bank's net interest income from loans was $67,613,000.
First National Bank's fee based income from loans was $1,568,000.
First National Bank's net income from loans was $37,148,000.
Bank Expenses
| Item |
Value (in 000's) |
| Total interest expense |
$10,779 |
| Provision for credit losses |
$-375 |
| Total noninterest expense |
$41,091 |
| Salaries and employee benefits |
$21,123 |
| Premises and equipment expense |
$7,335 |
| Additional noninterest expense |
$12,633 |
| Applicable income taxes |
$7,913 |
| Net charge-offs |
$357 |
| Cash dividends |
$13,400 |
First National Bank's interest expense for loans was $10,779,000.
First National Bank's payroll and benefits expense were $21,123,000.
First National Bank's property, plant and equipment expenses $7,335,000.
Deposits
| Type |
Value (in 000's) |
| Total deposits |
$2,124,698 |
| Deposits held in domestic offices |
$2,124,698 |
| Deposits by Individuals, partnerships, and corporations |
$2,011,992 |
| Deposits by U.S. Government |
$252 |
| Deposits by States and political subdivisions in the U.S. |
$93,841 |
| Deposits by Commercial banks and other depository institutions in U.S. |
$18,613 |
| Deposits by Banks in foreign countries |
$0 |
| Deposits by Foreign governments and official institutions |
$0 |
| Transaction accounts |
$268,296 |
| Demand deposits |
$196,714 |
| Nontransaction accounts |
$1,856,402 |
| Money market deposit accounts (MMDAs) |
$206,901 |
| Other savings deposits (excluding MMDAs) |
$1,083,296 |
| Total time deposits |
$566,205 |
| Total time and savings deposits |
$1,927,984 |
| Noninterest-bearing deposits |
$335,781 |
| Interest-bearing deposits |
$1,788,917 |
| Retail deposits |
$1,775,110 |
| IRAs and Keogh plan accounts |
$59,255 |
| Brokered deposits |
$294,162 |
| Deposits held in foreign offices |
$0 |
Assets
| Asset |
Value (in 000's) |
| Total Assets |
$2,496,194 |
| Cash & Balances due from depository institutions |
$87,312 |
| Interest-bearing balances |
$66,678 |
| Total securities |
$690,606 |
| Federal funds sold & reverse repurchase |
$0 |
| Net loans and leases |
$1,632,963 |
| Loan and leases loss allowance |
$15,521 |
| Trading account assets |
$2,590 |
| Bank premises and fixed assets |
$29,001 |
| Other real estate owned |
$0 |
| Goodwill and other intangibles |
$6,037 |
| All other assets |
$47,685 |
Liabilities
| Liabilities |
Value (in 000's) |
| Total liabilities and capital |
$2,496,194 |
| Total Liabilities |
$2,279,603 |
| Total deposits |
$2,124,698 |
| Interest-bearing deposits |
$1,788,917 |
| Deposits held in domestic offices |
$2,124,698 |
| % insured (estimated) |
$89 |
| Federal funds purchased and repurchase agreements |
$81,252 |
| Trading liabilities |
$0 |
| Other borrowed funds |
$55,091 |
| Subordinated debt |
$0 |
| All other liabilities |
$18,562 |
Issued Loan Types
| Type |
Value (in 000's) |
| Net loans and leases |
$1,632,963 |
| Loan and leases loss allowance |
$15,521 |
| Total loans and leases (domestic) |
$1,648,484 |
| All real estate loans |
$1,312,575 |
| Real estate loans in domestic offices |
$1,312,575 |
| Construction and development loans |
$111,128 |
| Residential 1-4 family construction |
$31,763 |
| Other construction, all land development and other land |
$79,365 |
| Loans secured by nonfarm nonresidential properties |
$509,547 |
| Nonfarm nonresidential secured by owner-occupied properties |
$218,172 |
| Commercial real estate & other non-farm, non-residential |
$291,375 |
| Multifamily residential real estate |
$65,579 |
| 1-4 family residential loans |
$625,249 |
| Farmland loans |
$1,072 |
| Loans held in foreign offices |
$0 |
| Farm loans |
$39,103 |
| Commercial and industrial loans |
$225,039 |
| To non-U.S. addressees |
$0 |
| Loans to individuals |
$22,976 |
| Credit card loans |
$0 |
| Related Plans |
$8,338 |
| Consumer Auto Loans |
$3,376 |
| Other loans to individuals |
$11,262 |
| All other loans & leases |
$48,790 |
| Loans to foreign governments and official institutions |
$0 |
| Other loans |
$427 |
| 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 |
$709 |
| Non 1-4 family restructured loans & leases |
$0 |
| Total loans and leases (foreign) |
$0 |
First National Bank had $1,632,963,000 of loans outstanding in 2021. $1,312,575,000 of loans were in real estate loans.
$111,128,000 of loans were in development loans. $65,579,000 of loans were in multifamily mortgage loans.
$625,249,000 of loans were in 1-4 family mortgage loans. $39,103,000 of loans were in farm loans. $0
of loans were in credit card loans. $3,376,000 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 |
685 |
$166,708 |
$243,369 |
| Nonfarm, nonresidential loans - <$100k |
124 |
$4,877 |
$39,331 |
| Nonfarm, nonresidential loans - $100-250k |
234 |
$31,844 |
$136,085 |
| Nonfarm, nonresidential loans - $250k-1MM |
327 |
$129,987 |
$397,514 |
| Commercial & Industrial, US addressed loans - <$1MM |
1,776 |
$107,229 |
$60,377 |
| Commercial & Industrial, US addressed loans - <$100k |
1,338 |
$22,306 |
$16,671 |
| Commercial & Industrial, US addressed loans - $100-250k |
242 |
$25,671 |
$106,079 |
| Commercial & Industrial, US addressed loans - $250k-1MM |
196 |
$59,252 |
$302,306 |
| Farmland loans - <$1MM |
7 |
$1,072 |
$153,143 |
| Farmland loans - <$100k |
2 |
$66 |
$33,000 |
| Farmland loans - $100-250k |
3 |
$330 |
$110,000 |
| Farmland loans - $250k-1MM |
2 |
$676 |
$338,000 |
| Agriculture operations loans - <$1MM |
202 |
$18,229 |
$90,243 |
| Agriculture operations loans - <$100k |
111 |
$3,539 |
$31,883 |
| Agriculture operations loans - $100-250k |
61 |
$6,729 |
$110,311 |
| Agriculture operations loans - $250k-1MM |
30 |
$7,961 |
$265,367 |
