First National Bank Mortgage Rates, Fees & Info

Damariscotta, ME

LEI: 5493002J7RM1JLAXN553

Tax ID: 01-0067810

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • 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 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 by origination volume include: Bangor, Portland, Lewiston, Augusta, and Punta Gorda 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 has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. First National Bank 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.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.27% 4/21/24
    30 Year Conventional Purchase 6.83% 4/21/24
    30 Year Conventional Refi 6.65% 4/21/24
    30 Year Cash-out Refi 6.62% 4/21/24
    30 Year VA Purchase 6.22% 4/21/24
    30 Year VA Refi 6.77% 4/21/24
    30 Year USDA Purchase 5.94% 4/21/24
    15 Year Conventional Purchase 6.43% 4/21/24
    15 Year Conventional Refi 6.42% 4/21/24
    15 Year Cash-out Refi 6.42% 4/21/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    First National Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from First National Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    763

    Origination Dollar Volume (All Markets)

    $140,705,000

    Employee count

    240

    Awards

    First National Bank 30 Year Conventional Loans silver First National Bank 30 Year Conventional Loans gold
    Show all (2) awards

    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
    Outside of Metro Areas 617 $113,395,000 $183,784 $3,101 4.48%
    BANGOR, ME (FHA|USDA|VA) 95 $15,965,000 $168,053 $3,163 5.16%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 34 $6,510,000 $191,471 $2,879 4.70%
    LEWISTON-AUBURN, ME (FHA|USDA|VA) 6 $3,140,000 $523,333 $2,653 5.81%
    Augusta-Waterville, ME (FHA|USDA|VA) 10 $1,400,000 $140,000 $3,395 5.14%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $295,000 $295,000 $0 5.13%
    First National Bank's top markets include Bangor, Portland, Lewiston, Augusta, and Punta Gorda among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against First National Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Piscataqua Savings Bank
    Similarity Rank: 52
    MAINE HIGHLANDS FEDERAL CREDIT UNION
    Similarity Rank: 99
    CASCO
    Similarity Rank: 126
    Maine Savings Federal Credit Union
    Similarity Rank: 189
    CUMBERLAND COUNTY
    Similarity Rank: 320
    ATLANTIC REGIONAL FEDERAL CREDIT UNION
    Similarity Rank: 320
    Saco Valley Credit Union
    Similarity Rank: 328
    TOWN & COUNTRY FEDERAL CREDIT UNION
    Similarity Rank: 336
    INTEGRITY MORTGAGE LLC
    Similarity Rank: 350
    NORTHEAST CREDIT UNION
    Similarity Rank: 352

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 721 $134,525,000 $186,581 $3,038 4.63%
    USDA 32 $4,680,000 $146,250 $4,091 3.96%
    VA 10 $1,500,000 $150,000 $3,539 3.89%

    For 2019, First National Bank's most frequently originated type of loan was Conventional, with 721 originations. Their 2nd most popular type was USDA, with 32 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 439 $91,065,000 $207,437 $3,679 4.63%
    Refi 171 $31,645,000 $185,058 $2,505 4.30%
    Other 54 $4,000,000 $74,074 $1,084 5.29%
    Cash Out Refi 50 $9,240,000 $184,800 $3,810 3.87%
    Home Improvement 49 $4,755,000 $97,041 $1,520 5.28%

    For 2019, First National Bank's most frequently cited loan purpose was Home Purchase, with 439 originations. The 2nd most popular reason was Refi, with 171 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 323 $64,565,000 $199,892 $3,505 4.36%
    Other 185 $38,625,000 $208,784 $2,636 4.92%
    30+ year 84 $18,250,000 $217,262 $4,126 4.52%
    15 Year 73 $10,035,000 $137,466 $2,642 4.14%
    20 Year 38 $6,280,000 $165,263 $2,543 4.92%
    10 Year 34 $1,480,000 $43,529 $567 5.22%
    5 Year 23 $985,000 $42,826 $400 5.42%
    1 Year 3 $485,000 $161,667 $0 5.38%

    For 2019, First National Bank's most frequently cited loan duration was 30 Year, with 323 originations. The 2nd most popular length was Other, with 185 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 430 $64,500,000 $150,000
    $1k-2k 135 $27,595,000 $204,407
    $2k-3k 46 $12,920,000 $280,870
    $3k-4k 12 $2,690,000 $224,167
    $5k+ 8 $2,700,000 $337,500
    $4k-5k 3 $1,415,000 $471,667

    First National Bank's average total fees were $3,505, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 430 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 296 $55,140,000 $186,284
    3-4% 190 $37,530,000 $197,526
    5-6% 165 $29,765,000 $180,394
    2.5-3% 56 $10,330,000 $184,464
    6-7% 55 $7,845,000 $142,636
    7-8% 1 $95,000 $95,000

    During 2019, First National Bank's average interest rate for loans was 4.36%, while their most frequently originated rate bucket for loans was 4-5%, with 296 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 304 $44,970,000 $147,928 $3,191 4.48%
    $200k-400k 213 $56,895,000 $267,113 $4,071 4.48%
    $100,000 or less 206 $11,930,000 $57,913 $1,727 4.90%
    $400k-600k 23 $10,795,000 $469,348 $4,485 4.31%
    $600k-1MM 14 $10,410,000 $743,571 $4,941 4.74%
    $1MM+ 3 $5,705,000 $1,901,667 $0 5.46%

    2019 saw First National Bank place emphasis on $100k-200k loans with 304 originations, totaling $44,970,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 176 $24,650,000 $140,057 $3,132 4.45%
    $50k or less 153 $15,065,000 $98,464 $2,575 4.51%
    $100k-150k 123 $26,025,000 $211,585 $3,205 4.36%
    $75k-100k 102 $18,830,000 $184,608 $2,984 4.57%
    $150k-250k 82 $20,160,000 $245,854 $3,790 4.17%
    $250k+ 54 $15,980,000 $295,926 $3,570 4.67%

    First National Bank lent most frequently to those with incomes in the $50k-75k range, with 176 originations. The second most popular income band? $50k or less, with 153 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 153 $27,045,000 $176,765 $3,175 4.19%
    30-36% 133 $22,525,000 $169,361 $3,051 4.38%
    <20% 61 $10,645,000 $174,508 $2,996 4.10%
    36% 31 $5,125,000 $165,323 $3,117 4.45%
    39% 29 $5,225,000 $180,172 $3,323 4.42%
    41% 29 $4,385,000 $151,207 $2,808 4.39%
    40% 27 $4,095,000 $151,667 $2,819 4.50%
    44% 26 $4,570,000 $175,769 $2,882 4.71%
    50-60% 23 $5,135,000 $223,261 $3,243 4.93%
    38% 22 $4,080,000 $185,455 $3,219 4.41%
    42% 19 $3,195,000 $168,158 $3,458 4.25%
    37% 19 $4,035,000 $212,368 $3,215 4.47%
    43% 19 $2,605,000 $137,105 $2,719 4.55%
    45% 19 $2,715,000 $142,895 $2,754 4.48%
    >60% 15 $3,965,000 $264,333 $2,779 5.26%
    46% 12 $1,980,000 $165,000 $3,510 4.42%
    47% 11 $2,195,000 $199,545 $3,484 4.62%
    48% 5 $1,005,000 $201,000 $4,322 3.78%
    49% 3 $505,000 $168,333 $4,262 5.17%

    First National Bank lent most frequently to those with DTI ratios of 20-30%, with 153 originations. The next most common DTI ratio? 30-36%, with 133 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 632 $110,460,000 $174,778 $3,092 4.47%
    Not applicable 69 $19,175,000 $277,899 $0 5.96%
    Not provided 42 $7,360,000 $175,238 $3,169 4.22%
    Asian 9 $2,015,000 $223,889 $3,817 4.92%
    Black 6 $890,000 $148,333 $2,645 4.77%
    American Indian 5 $805,000 $161,000 $2,909 4.24%

    Approval Rates

    Total approvals of all applications
    93.96%

    First National Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.85%

    First National Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 763 $140,705,000 $184,410

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 8 $6,040,000 $755,000
    Multifamily:Site-Built 13 $6,165,000 $474,231
    Single Family (1-4 Units):Manufactured 56 $3,950,000 $70,536
    Single Family (1-4 Units):Site-Built 686 $124,550,000 $181,560

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 77 $7,665,000 $99,545 $1,924 4.66%
    40-60% 126 $19,580,000 $155,397 $2,859 4.34%
    60-80% 304 $68,070,000 $223,914 $3,526 4.52%
    80-100% 204 $42,580,000 $208,725 $3,721 4.61%
    Under 20% 51 $2,785,000 $54,608 $710 5.52%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    FIRST NATIONAL BANK OF OMAHA Conventional home mortgage Closing on a mortgage 2 33.3%
    FIRST NATIONAL BANK OF OMAHA Conventional home mortgage Struggling to pay mortgage 1 16.7%
    FIRST NATIONAL BANK OF OMAHA Conventional home mortgage Trouble during payment process 3 50.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    First National Bank 114 Commercial Street Rockport, ME 4856 Full Service B&M $33,043
    First National Bank 1 South Street Blue Hill, ME 4614 Full Service Retail $47,451
    First National Bank 102 Main Street Bar Harbor, ME 4609 Full Service B&M $70,657
    First National Bank 102 Washington Street Eastport, ME 4631 Full Service B&M $29,286
    First National Bank 132 Park Street Rockland, ME 4841 Full Service B&M $59,360
    First National Bank 145 Exchange Street Bangor, ME 4401 Full Service B&M $47,631
    First National Bank 1471 Atlantic Highway Waldoboro, ME 4572 Full Service B&M $74,720
    First National Bank 194 Beechland Road Ellsworth, ME 4605 Full Service B&M $57,762
    First National Bank 223 Main Street Damariscotta, ME 4543 Full Service B&M $810,507
    First National Bank 3 Summit Road Northeast Harbor, ME 4662 Full Service B&M $8,832
    First National Bank 319 North Street Calais, ME 4619 Full Service B&M $71,974
    First National Bank 350 Main Street Southwest Harbor, ME 4679 Full Service B&M $34,763
    First National Bank 39 Gardiner Road Wiscasset, ME 4578 Full Service B&M $65,582
    First National Bank 44 Elm Street Camden, ME 4843 Full Service B&M $28,058
    First National Bank 63 Union Street Rockland, ME 4841 Full Service B&M $52,532
    First National Bank 77 Oak Street Boothbay Harbor, ME 4538 Full Service B&M $101,771

    For 2019, First National Bank had 16 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $79,470
    Net interest income $53,312
    Total noninterest income $13,254
    Gross Fiduciary activities income $3,318
    Service charges on deposit accounts $2,330
    Trading account gains and fees $0
    Additional Noninterest Income $7,606
    Pre-tax net operating income $30,857
    Securities gains (or losses, -) $230
    Income before extraordinary items $26,122
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $26,122
    Minority interest net income $0
    Net income $26,122
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $25,928

    First National Bank's gross interest income from loans was $79,470,000.
    First National Bank's net interest income from loans was $53,312,000.
    First National Bank's fee based income from loans was $2,330,000.
    First National Bank's net income from loans was $26,122,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $26,158
    Provision for credit losses $1,250
    Total noninterest expense $34,459
    Salaries and employee benefits $18,359
    Premises and equipment expense $6,213
    Additional noninterest expense $9,887
    Applicable income taxes $4,965
    Net charge-offs $843
    Cash dividends $12,600

    First National Bank's interest expense for loans was $26,158,000.
    First National Bank's payroll and benefits expense were $18,359,000.
    First National Bank's property, plant and equipment expenses $6,213,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 1.0%
    HELOC loans 2.0%
    All other family 1.0%
    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 $1,651,494
    Deposits held in domestic offices $1,651,494
    Deposits by Individuals, partnerships, and corporations $1,530,045
    Deposits by U.S. Government $19,543
    Deposits by States and political subdivisions in the U.S. $73,136
    Deposits by Commercial banks and other depository institutions in U.S. $28,770
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $168,166
    Demand deposits $118,201
    Nontransaction accounts $1,483,328
    Money market deposit accounts (MMDAs) $161,000
    Other savings deposits (excluding MMDAs) $632,348
    Total time deposits $689,980
    Total time and savings deposits $1,533,293
    Noninterest-bearing deposits $170,290
    Interest-bearing deposits $1,481,204
    Retail deposits $1,228,252
    IRAs and Keogh plan accounts $59,641
    Brokered deposits $355,728
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $2,036,932
    Cash & Balances due from depository institutions $25,743
    Interest-bearing balances $11,310
    Total securities $642,126
    Federal funds sold & reverse repurchase $0
    Net loans and leases $1,285,590
    Loan and leases loss allowance $11,639
    Trading account assets $1,205
    Bank premises and fixed assets $28,831
    Other real estate owned $279
    Goodwill and other intangibles $3,921
    All other assets $49,237

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $2,036,932
    Total Liabilities $1,853,278
    Total deposits $1,651,494
    Interest-bearing deposits $1,481,204
    Deposits held in domestic offices $1,651,494
    % insured (estimated) $90
    Federal funds purchased and repurchase agreements $37,450
    Trading liabilities $0
    Other borrowed funds $147,505
    Subordinated debt $0
    All other liabilities $16,829

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,285,590
    Loan and leases loss allowance $11,639
    Total loans and leases (domestic) $1,297,229
    All real estate loans $1,010,666
    Real estate loans in domestic offices $1,010,666
    Construction and development loans $52,898
    Residential 1-4 family construction $14,813
    Other construction, all land development and other land $38,085
    Loans secured by nonfarm nonresidential properties $340,363
    Nonfarm nonresidential secured by owner-occupied properties $192,095
    Commercial real estate & other non-farm, non-residential $148,268
    Multifamily residential real estate $31,751
    1-4 family residential loans $584,958
    Farmland loans $696
    Loans held in foreign offices $0
    Farm loans $32,299
    Commercial and industrial loans $184,289
    To non-U.S. addressees $0
    Loans to individuals $26,503
    Credit card loans $0
    Related Plans $8,157
    Consumer Auto Loans $3,619
    Other loans to individuals $14,727
    All other loans & leases $43,472
    Loans to foreign governments and official institutions $0
    Other loans $2,184
    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 $1,132
    Non 1-4 family restructured loans & leases $587
    Total loans and leases (foreign) $0

    First National Bank had $1,285,590,000 of loans outstanding in 2019. $1,010,666,000 of loans were in real estate loans. $52,898,000 of loans were in development loans. $31,751,000 of loans were in multifamily mortgage loans. $584,958,000 of loans were in 1-4 family mortgage loans. $32,299,000 of loans were in farm loans. $0 of loans were in credit card loans. $3,619,000 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 566 $139,353 $246,207
    Nonfarm, nonresidential loans - <$100k 110 $4,600 $41,818
    Nonfarm, nonresidential loans - $100-250k 186 $24,639 $132,468
    Nonfarm, nonresidential loans - $250k-1MM 270 $110,114 $407,830
    Commercial & Industrial, US addressed loans - <$1MM 1,297 $79,059 $60,955
    Commercial & Industrial, US addressed loans - <$100k 958 $16,890 $17,630
    Commercial & Industrial, US addressed loans - $100-250k 189 $19,103 $101,074
    Commercial & Industrial, US addressed loans - $250k-1MM 150 $43,066 $287,107
    Farmland loans - <$1MM 5 $696 $139,200
    Farmland loans - <$100k 1 $25 $25,000
    Farmland loans - $100-250k 3 $386 $128,667
    Farmland loans - $250k-1MM 1 $285 $285,000
    Agriculture operations loans - <$1MM 214 $18,137 $84,752
    Agriculture operations loans - <$100k 119 $3,007 $25,269
    Agriculture operations loans - $100-250k 70 $7,868 $112,400
    Agriculture operations loans - $250k-1MM 25 $7,262 $290,480