The Fisher National Bank Mortgage Rates, Fees & Info

Fisher, IL

LEI: 5493004LTLRA7Y5L3696

Tax ID: 37-0731549

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    The Fisher National Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. The Fisher National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Champaign, Danville, Tampa, Tucson, and Indianapolis among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The Fisher National Bank 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. The Fisher 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.

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    Originations

    188

    Origination Dollar Volume (All Markets)

    $26,040,000

    Employee count

    28

    Awards

    The Fisher National Bank 30 Year Conventional Loans gold The Fisher 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
    CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 164 $23,690,000 $144,451 $1,085 5.13%
    Outside of Metro Areas 15 $1,345,000 $89,667 $1,233 5.28%
    DANVILLE, IL (FHA|USDA|VA) 2 $300,000 $150,000 $1,497 4.50%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $210,000 $105,000 $1,491 5.38%
    TUCSON, AZ (FHA|USDA|VA) 1 $145,000 $145,000 $2,776 4.63%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $125,000 $125,000 $410 4.38%
    Lincoln, IL (FHA|USDA|VA) 1 $95,000 $95,000 $1,449 4.75%
    Charleston-Mattoon, IL (FHA|USDA|VA) 1 $95,000 $95,000 $0 4.75%
    BLOOMINGTON, IL (FHA|USDA|VA) 1 $35,000 $35,000 $0 6.50%
    The Fisher National Bank's top markets include Champaign, Danville, Tampa, Tucson, and Indianapolis among others.

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

    • Similar Lenders

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

    First Bank & Trust IL
    Similarity Rank: 45
    The Fisher National Bank
    Similarity Rank: 90
    Paramount Bond & Mortgage Co Inc.
    Similarity Rank: 270
    UNIVERSITY OF ILLINOIS COMMUNITY
    Similarity Rank: 275
    Marine Bank
    Similarity Rank: 287
    Prospect Bank
    Similarity Rank: 308
    First Mid Bank & Trust
    Similarity Rank: 406
    Heartland Bank and Trust Company
    Similarity Rank: 432
    INB
    Similarity Rank: 731
    First Financial Bank
    Similarity Rank: 1110

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 187 $25,965,000 $138,850 $1,116 5.13%
    HELOC 1 $75,000 $75,000 n/a 6.25%

    For 2018, The Fisher National Bank's most frequently originated type of loan was Conventional, with 187 originations. Their 2nd most popular type was HELOC, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 108 $15,310,000 $141,759 $1,207 5.19%
    Cash Out Refi 56 $7,800,000 $139,286 $1,030 4.93%
    Refi 19 $2,745,000 $144,474 $656 5.22%
    Home Improvement 5 $185,000 $37,000 $837 6.05%

    For 2018, The Fisher National Bank's most frequently cited loan purpose was Home Purchase, with 108 originations. The 2nd most popular reason was Cash Out Refi, with 56 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 68 $11,830,000 $173,971 $1,277 4.70%
    Other 49 $7,085,000 $144,592 $976 5.59%
    15 Year 31 $3,515,000 $113,387 $884 4.96%
    20 Year 21 $2,575,000 $122,619 $889 5.40%
    10 Year 10 $610,000 $61,000 $1,063 5.19%
    1 Year 6 $290,000 $48,333 $0 5.25%
    5 Year 2 $100,000 $50,000 $0 6.13%
    3 Year 1 $35,000 $35,000 $0 9.50%

    For 2018, The Fisher National Bank's most frequently cited loan duration was 30 Year, with 68 originations. The 2nd most popular length was Other, with 49 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 122 $17,800,000 $145,902

    The Fisher National Bank's average total fees were $1,277, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 122 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 100 $17,480,000 $174,800
    5-6% 56 $5,970,000 $106,607
    6-7% 21 $915,000 $43,571
    3-4% 8 $1,570,000 $196,250
    Over 8% 2 $70,000 $35,000
    7-8% 1 $35,000 $35,000

    During 2018, The Fisher National Bank's average interest rate for loans was 4.70%, while their most frequently originated rate bucket for loans was 4-5%, with 100 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 86 $4,490,000 $52,209 $834 5.65%
    $100k-200k 61 $8,615,000 $141,230 $1,278 4.76%
    $200k-400k 35 $9,465,000 $270,429 $1,273 4.61%
    $400k-600k 5 $2,265,000 $453,000 $1,142 4.50%
    $1MM+ 1 $1,205,000 $1,205,000 $0 5.25%

    2018 saw The Fisher National Bank place emphasis on $100,000 or less loans with 86 originations, totaling $4,490,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 34 $4,570,000 $134,412 $1,143 5.03%
    $50k-75k 32 $3,360,000 $105,000 $1,087 5.17%
    $150k-250k 26 $6,530,000 $251,154 $1,294 4.53%
    $50k or less 26 $1,800,000 $69,231 $1,115 5.32%
    $100k-150k 23 $3,365,000 $146,304 $968 5.04%
    $250k+ 11 $3,335,000 $303,182 $1,017 5.10%

    The Fisher National Bank lent most frequently to those with incomes in the $75k-100k range, with 34 originations. The second most popular income band? $50k-75k, with 32 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 47 $7,915,000 $168,404 $1,114 4.85%
    <20% 26 $5,180,000 $199,231 $1,251 4.72%
    30-36% 22 $2,050,000 $93,182 $1,018 5.38%
    36% 6 $900,000 $150,000 $1,252 4.54%
    38% 5 $735,000 $147,000 $727 5.25%
    40% 5 $685,000 $137,000 $1,274 4.78%
    37% 4 $610,000 $152,500 $1,125 4.72%
    41% 3 $625,000 $208,333 $959 4.58%
    44% 2 $220,000 $110,000 $869 5.69%
    39% 2 $270,000 $135,000 $756 5.69%
    45% 1 $55,000 $55,000 $0 6.25%
    46% 1 $175,000 $175,000 $1,483 4.50%
    47% 1 $155,000 $155,000 $1,154 5.13%
    50-60% 1 $45,000 $45,000 $0 6.00%
    >60% 1 $105,000 $105,000 $0 5.50%
    43% 1 $175,000 $175,000 $1,104 4.50%

    The Fisher National Bank lent most frequently to those with DTI ratios of 20-30%, with 47 originations. The next most common DTI ratio? <20%, with 26 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 146 $21,780,000 $149,178 $1,115 5.06%
    Not applicable 35 $3,065,000 $87,571 $0 5.58%
    Asian 4 $860,000 $215,000 $1,340 4.28%
    American Indian 2 $220,000 $110,000 $715 5.25%
    Black 1 $115,000 $115,000 $1,129 4.25%

    Approval Rates

    Total approvals of all applications
    92.66%

    The Fisher National Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    94.15%

    The Fisher National Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 188 $26,040,000 $138,511

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 6 $2,030,000 $338,333
    Single Family (1-4 Units):Manufactured 4 $150,000 $37,500
    Single Family (1-4 Units):Site-Built 178 $23,860,000 $134,045

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 14 $1,090,000 $77,857 $1,136 5.42%
    40-60% 25 $2,795,000 $111,800 $1,161 5.11%
    60-80% 90 $15,740,000 $174,889 $1,275 4.95%
    80-100% 43 $5,975,000 $138,953 $1,268 5.04%
    Under 20% 16 $440,000 $27,500 $198 6.20%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The Fisher National Bank 102 East Division Street Fisher, IL 61843 Full Service B&M $59,829
    The Fisher National Bank 1501 East Oak Mahomet, IL 61853 Full Service B&M $44,611

    For 2018, The Fisher National Bank had 2 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $5,471
    Net interest income $4,737
    Total noninterest income $1,148
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $229
    Trading account gains and fees $0
    Additional Noninterest Income $919
    Pre-tax net operating income $2,301
    Securities gains (or losses, -) $50
    Income before extraordinary items $2,317
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,317
    Minority interest net income $0
    Net income $2,317
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,267

    The Fisher National Bank's gross interest income from loans was $5,471,000.
    The Fisher National Bank's net interest income from loans was $4,737,000.
    The Fisher National Bank's fee based income from loans was $229,000.
    The Fisher National Bank's net income from loans was $2,317,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $734
    Provision for credit losses $165
    Total noninterest expense $3,419
    Salaries and employee benefits $1,882
    Premises and equipment expense $296
    Additional noninterest expense $1,241
    Applicable income taxes $34
    Net charge-offs $33
    Cash dividends $990

    The Fisher National Bank's interest expense for loans was $734,000.
    The Fisher National Bank's payroll and benefits expense were $1,882,000.
    The Fisher National Bank's property, plant and equipment expenses $296,000.

    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 $102,247
    Deposits held in domestic offices $102,247
    Deposits by Individuals, partnerships, and corporations $92,542
    Deposits by U.S. Government $22
    Deposits by States and political subdivisions in the U.S. $9,683
    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 $41,350
    Demand deposits $13,331
    Nontransaction accounts $60,897
    Money market deposit accounts (MMDAs) $12,768
    Other savings deposits (excluding MMDAs) $15,301
    Total time deposits $32,827
    Total time and savings deposits $88,916
    Noninterest-bearing deposits $13,331
    Interest-bearing deposits $88,916
    Retail deposits $94,382
    IRAs and Keogh plan accounts $5,008
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $123,233
    Cash & Balances due from depository institutions $4,485
    Interest-bearing balances $1,644
    Total securities $14,040
    Federal funds sold & reverse repurchase $0
    Net loans and leases $100,019
    Loan and leases loss allowance $1,037
    Trading account assets $0
    Bank premises and fixed assets $1,537
    Other real estate owned $67
    Goodwill and other intangibles $0
    All other assets $3,085

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $123,233
    Total Liabilities $107,394
    Total deposits $102,247
    Interest-bearing deposits $88,916
    Deposits held in domestic offices $102,247
    % insured (estimated) $94
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $4,800
    Subordinated debt $0
    All other liabilities $347

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $100,019
    Loan and leases loss allowance $1,037
    Total loans and leases (domestic) $101,056
    All real estate loans $85,395
    Real estate loans in domestic offices $85,395
    Construction and development loans $4,705
    Residential 1-4 family construction $2,592
    Other construction, all land development and other land $2,113
    Loans secured by nonfarm nonresidential properties $14,689
    Nonfarm nonresidential secured by owner-occupied properties $10,987
    Commercial real estate & other non-farm, non-residential $3,702
    Multifamily residential real estate $1,820
    1-4 family residential loans $55,652
    Farmland loans $8,529
    Loans held in foreign offices $0
    Farm loans $6,497
    Commercial and industrial loans $5,595
    To non-U.S. addressees $0
    Loans to individuals $3,525
    Credit card loans $0
    Related Plans $1
    Consumer Auto Loans $1,437
    Other loans to individuals $2,087
    All other loans & leases $44
    Loans to foreign governments and official institutions $0
    Other loans $0
    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 $976
    Non 1-4 family restructured loans & leases $976
    Total loans and leases (foreign) $0

    The Fisher National Bank had $100,019,000 of loans outstanding in 2018. $85,395,000 of loans were in real estate loans. $4,705,000 of loans were in development loans. $1,820,000 of loans were in multifamily mortgage loans. $55,652,000 of loans were in 1-4 family mortgage loans. $6,497,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,437,000 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 79 $12,496 $158,177
    Nonfarm, nonresidential loans - <$100k 29 $1,429 $49,276
    Nonfarm, nonresidential loans - $100-250k 31 $4,045 $130,484
    Nonfarm, nonresidential loans - $250k-1MM 19 $7,022 $369,579
    Commercial & Industrial, US addressed loans - <$1MM 129 $5,471 $42,411
    Commercial & Industrial, US addressed loans - <$100k 112 $2,057 $18,366
    Commercial & Industrial, US addressed loans - $100-250k 10 $961 $96,100
    Commercial & Industrial, US addressed loans - $250k-1MM 7 $2,453 $350,429
    Farmland loans - <$1MM 35 $4,967 $141,914
    Farmland loans - <$100k 9 $506 $56,222
    Farmland loans - $100-250k 15 $1,815 $121,000
    Farmland loans - $250k-1MM 11 $2,646 $240,545
    Agriculture operations loans - <$1MM 55 $4,899 $89,073
    Agriculture operations loans - <$100k 32 $866 $27,063
    Agriculture operations loans - $100-250k 11 $1,480 $134,545
    Agriculture operations loans - $250k-1MM 12 $2,553 $212,750