First Central State Bank Mortgage Rates, Fees & Info
Dewitt, IALEI: 5493005L8AW1CTD9HZ03
Tax ID: 42-0928970
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
First Central State Bank is a smaller bank specializing in Home Purchase and Refi loans. First Central State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Davenport, Clinton, Los Angeles, Sterling, and Peoria among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)First Central State 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.
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Originations
333Origination Dollar Volume (All Markets)
$53,545,000Top 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 |
|---|---|---|---|---|---|
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 168 | $28,580,000 | $170,119 | $0 | 0.00% |
| Clinton, IA (FHA|USDA|VA) | 132 | $16,450,000 | $124,621 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $3,305,000 | $3,305,000 | $0 | 0.00% |
| Outside of Metro Areas | 12 | $2,050,000 | $170,833 | $0 | 0.00% |
| Sterling, IL (FHA|USDA|VA) | 8 | $1,060,000 | $132,500 | $0 | 0.00% |
| PEORIA, IL (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 0.00% |
| Muscatine, IA (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $0 | 0.00% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $0 | 0.00% |
| Fort Dodge, IA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| IOWA CITY, IA (FHA|USDA|VA) | 2 | $70,000 | $35,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 333 | $53,545,000 | $160,796 | $0 | 0.00% |
For 2022, First Central State Bank's most frequently originated type of loan was Conventional, with 333 originations.
Loan Reason
For 2022, First Central State Bank's most frequently cited loan purpose was Home Purchase, with 160 originations. The 2nd most popular reason was Refi, with 131 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 333 | $53,545,000 | $160,796 | $0 | 0.00% |
For 2022, First Central State Bank's most frequently cited loan duration was Other, with 333 originations.
Loan Sizing
2022 saw First Central State Bank place emphasis on $100,000 or less loans with 139 originations, totaling $8,465,000 in origination value.
Applicant Income
First Central State Bank lent most frequently to those with incomes in the $50k-75k range, with 54 originations. The second most popular income band? $50k or less, with 44 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 333 | $53,545,000 | $160,796 | $0 | 0.00% |
First Central State Bank lent most frequently to those with DTI ratios of Exempt%, with 333 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.18%
First Central State Bank has an average approval rate.
Pick Rate
Approvals leading to origination88.29%
First Central State Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 333 | $53,545,000 | $160,796 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST CITIZENS BANCSHARES, INC. | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |