First Northern Bank Of Dixon Mortgage Rates, Fees & Info

Dixon, CA

LEI: 5493005LNO5N4F760786

Tax ID: 94-0475380

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

First Northern Bank Of Dixon is a smaller bank specializing in Refi, Cash Out Refi, and Home Purchase loans. First Northern Bank Of Dixon has a high proportion of conventional loans. Their top markets include Sacramento, Vallejo, Stockton, San Francisco, and Truckee among others. First Northern Bank Of Dixon has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors.


Originations

256

Origination Dollar Volume (All Markets)

$114,860,000

Employee count

190

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 145 $59,955,000 $413,483 $0 0.00%
VALLEJO, CA (FHA|USDA|VA) 72 $26,320,000 $365,556 $0 0.00%
STOCKTON, CA (FHA|USDA|VA) 14 $13,970,000 $997,857 $0 0.00%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 7 $3,755,000 $536,429 $0 0.00%
Truckee-Grass Valley, CA (FHA|USDA|VA) 3 $2,175,000 $725,000 $0 0.00%
Outside of Metro Areas 4 $2,130,000 $532,500 $0 0.00%
CARSON CITY, NV (FHA|USDA|VA) 1 $2,105,000 $2,105,000 $0 0.00%
YUBA CITY, CA (FHA|USDA|VA) 3 $1,605,000 $535,000 $0 0.00%
NAPA, CA (FHA|USDA|VA) 2 $1,130,000 $565,000 $0 0.00%
SALINAS, CA (FHA|USDA|VA) 1 $735,000 $735,000 $0 0.00%
MODESTO, CA (FHA|USDA|VA) 2 $650,000 $325,000 $0 0.00%
REDDING, CA (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
Crescent City, CA (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%

First Northern Bank Of Dixon's top markets include Sacramento, Vallejo, Stockton, San Francisco, and Truckee among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 256 $114,860,000 $448,672 $0 0.00%

For the 2021 period, First Northern Bank Of Dixon's most frequently originated loan type of loans were Conventional, with 256 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 138 $57,620,000 $417,536 $0 0.00%
Cash Out Refi 69 $23,185,000 $336,014 $0 0.00%
Home Purchase 37 $30,275,000 $818,243 $0 0.00%
Home Improvement 11 $3,375,000 $306,818 $0 0.00%
Other 1 $405,000 $405,000 $0 0.00%

For the 2021, First Northern Bank Of Dixon's most frequently cited loan purpose of loans were Refi, with 138 originations. The 2nd most popular reason of loans were Cash Out Refi, with 69 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
Other 256 $114,860,000 $448,672 $0 0.00%

For the 2021, First Northern Bank Of Dixon's most frequently cited loan length of loans were Other, with 256 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 127 $37,745,000 $297,205 $0 0.00%
$400k-600k 53 $25,745,000 $485,755 $0 0.00%
$100k-200k 45 $7,045,000 $156,556 $0 0.00%
$1MM+ 15 $35,285,000 $2,352,333 $0 0.00%
$600k-1MM 11 $8,635,000 $785,000 $0 0.00%
$100,000 or less 5 $405,000 $81,000 $0 0.00%

2021 saw First Northern Bank Of Dixon place emphasis on $200k-400k loans with 127 originations, totaling $37,745,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$150k-250k 51 $20,815,000 $408,137 $0 0.00%
$100k-150k 45 $15,015,000 $333,667 $0 0.00%
$75k-100k 40 $10,790,000 $269,750 $0 0.00%
$50k-75k 38 $9,610,000 $252,895 $0 0.00%
$250k+ 33 $18,245,000 $552,879 $0 0.00%
$50k or less 18 $3,300,000 $183,333 $0 0.00%

First Northern Bank Of Dixon lent most frequently to those with incomes in the $150k-250k range, with 51 originations. The second most popular income band? $100k-150k, with 45 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
Exempt% 256 $114,860,000 $448,672 $0 0.00%

First Northern Bank Of Dixon lent most frequently to those with DTI ratios of Exempt%, with 256 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 180 $59,830,000 $332,389 $0 0.00%
Not applicable 11 $30,125,000 $2,738,636 $0 0.00%
Not provided 44 $16,900,000 $384,091 $0 0.00%
Asian 16 $6,370,000 $398,125 $0 0.00%
American Indian 3 $1,005,000 $335,000 $0 0.00%
Black 2 $630,000 $315,000 $0 0.00%

Approval Rates

Total approvals of all applications
87.53%

First Northern Bank Of Dixon has an average approval rate.

Pick Rate

Approvals leading to origination
85.68%

First Northern Bank Of Dixon has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
Exempt 256 $114,860,000 $448,672

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
256 $114,860,000 $448,672

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 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%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
First Northern Bank of Dixon 1007 7th Street, Suite M100 Sacramento, CA 95814 Limited, Trust Office $0
First Northern Bank of Dixon 2901 Sunrise Boulevard Suite 100 Rancho Cordova, CA 95742 Full Service B&M $33,561
First Northern Bank of Dixon 390 Elm Ave Auburn, CA 95603 Full Service B&M $34,884
First Northern Bank of Dixon 434 Second Street Davis, CA 95616 Full Service B&M $289,401
First Northern Bank of Dixon 48 West Main Street Winters, CA 95694 Full Service B&M $189,284
First Northern Bank of Dixon 555 Mason Street Vacaville, CA 95688 Full Service B&M $151,912
First Northern Bank of Dixon 11 West Court Street Woodland, CA 95695 Full Service B&M $183,257
First Northern Bank of Dixon 1300 Harbor Boulevard West Sacramento, CA 95691 Full Service B&M $163,467
First Northern Bank of Dixon 1375 Exposition Boulevard, Suite 101 Sacramento, CA 95815 Full Service B&M $36,187
First Northern Bank of Dixon 1455 Oliver Road Fairfield, CA 94533 Full Service B&M $113,400
First Northern Bank of Dixon 1515 Shasta Drive Davis, CA 95616 Limited, Mobile/Seasonal Office $0
First Northern Bank of Dixon 195 North First Street Dixon, CA 95620 Full Service B&M $237,888
First Northern Bank of Dixon 210 Stratford Avenue Dixon, CA 95620 Limited, Administrative $0
First Northern Bank of Dixon 2270 Douglas Blvd., Suite 100 Roseville, CA 95661 Full Service B&M $233,299

For 2021, First Northern Bank Of Dixon had 14 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $47,176
Net interest income $46,264
Total noninterest income $8,084
Gross Fiduciary activities income $0
Service charges on deposit accounts $1,656
Trading account gains and fees $0
Additional Noninterest Income $6,428
Pre-tax net operating income $19,904
Securities gains (or losses, -) $-221
Income before extraordinary items $14,367
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $14,367
Minority interest net income $0
Net income $14,367
Sale, conversion, retirement of capital stock, net $0
Net operating income $14,541

First Northern Bank Of Dixon's gross interest income from loans was $47,176,000.
First Northern Bank Of Dixon's net interest income from loans was $46,264,000.
First Northern Bank Of Dixon's fee based income from loans was $1,656,000.
First Northern Bank Of Dixon's net income from loans was $14,367,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $912
Provision for credit losses $-1,500
Total noninterest expense $35,944
Salaries and employee benefits $22,636
Premises and equipment expense $3,451
Additional noninterest expense $9,857
Applicable income taxes $5,316
Net charge-offs $-36
Cash dividends $1,500

First Northern Bank Of Dixon's interest expense for loans was $912,000.
First Northern Bank Of Dixon's payroll and benefits expense were $22,636,000.
First Northern Bank Of Dixon's property, plant and equipment expenses $3,451,000.

Loan Performance

Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
All loans 1.0%
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 4.0%
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 $1,728,974
Deposits held in domestic offices $1,728,974
Deposits by Individuals, partnerships, and corporations $1,689,964
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $38,500
Deposits by Commercial banks and other depository institutions in U.S. $510
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $222,219
Demand deposits $159,025
Nontransaction accounts $1,506,755
Money market deposit accounts (MMDAs) $1,265,266
Other savings deposits (excluding MMDAs) $192,103
Total time deposits $49,385
Total time and savings deposits $1,569,949
Noninterest-bearing deposits $821,084
Interest-bearing deposits $907,890
Retail deposits $1,717,977
IRAs and Keogh plan accounts $14,102
Brokered deposits $0
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $1,899,087
Cash & Balances due from depository institutions $359,201
Interest-bearing balances $314,805
Total securities $632,213
Federal funds sold & reverse repurchase $0
Net loans and leases $853,780
Loan and leases loss allowance $13,952
Trading account assets $0
Bank premises and fixed assets $11,690
Other real estate owned $0
Goodwill and other intangibles $1,531
All other assets $40,672

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $1,899,087
Total Liabilities $1,748,848
Total deposits $1,728,974
Interest-bearing deposits $907,890
Deposits held in domestic offices $1,728,974
% insured (estimated) $55
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $5,664
Subordinated debt $0
All other liabilities $14,210

Issued Loan Types

Type Value (in 000's)
Net loans and leases $853,780
Loan and leases loss allowance $13,952
Total loans and leases (domestic) $867,732
All real estate loans $689,523
Real estate loans in domestic offices $689,523
Construction and development loans $7,243
Residential 1-4 family construction $4,342
Other construction, all land development and other land $2,901
Loans secured by nonfarm nonresidential properties $463,132
Nonfarm nonresidential secured by owner-occupied properties $156,324
Commercial real estate & other non-farm, non-residential $306,808
Multifamily residential real estate $60,839
1-4 family residential loans $94,357
Farmland loans $63,952
Loans held in foreign offices $0
Farm loans $43,152
Commercial and industrial loans $126,204
To non-U.S. addressees $0
Loans to individuals $588
Credit card loans $0
Related Plans $118
Consumer Auto Loans $99
Other loans to individuals $371
All other loans & leases $8,265
Loans to foreign governments and official institutions $0
Other loans $67
Loans to depository institutions and acceptances of other banks $0
Loans not secured by real estate $183
Loans secured by real estate to non-U.S. addressees $0
Restructured Loans & leases $821
Non 1-4 family restructured loans & leases $240
Total loans and leases (foreign) $0

First Northern Bank of Dixon had $853,780,000 of loans outstanding in 2021. $689,523,000 of loans were in real estate loans. $7,243,000 of loans were in development loans. $60,839,000 of loans were in multifamily mortgage loans. $94,357,000 of loans were in 1-4 family mortgage loans. $43,152,000 of loans were in farm loans. $0 of loans were in credit card loans. $99,000 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 235 $100,267 $426,668
Nonfarm, nonresidential loans - <$100k 4 $221 $55,250
Nonfarm, nonresidential loans - $100-250k 40 $5,465 $136,625
Nonfarm, nonresidential loans - $250k-1MM 191 $94,581 $495,188
Commercial & Industrial, US addressed loans - <$1MM 810 $66,266 $81,810
Commercial & Industrial, US addressed loans - <$100k 486 $13,728 $28,247
Commercial & Industrial, US addressed loans - $100-250k 183 $17,777 $97,142
Commercial & Industrial, US addressed loans - $250k-1MM 141 $34,761 $246,532
Farmland loans - <$1MM 25 $6,948 $277,920
Farmland loans - $100-250k 6 $845 $140,833
Farmland loans - $250k-1MM 19 $6,103 $321,211
Agriculture operations loans - <$1MM 52 $5,496 $105,692
Agriculture operations loans - <$100k 15 $362 $24,133
Agriculture operations loans - $100-250k 18 $1,109 $61,611
Agriculture operations loans - $250k-1MM 19 $4,025 $211,842