First Northern Bank Of Dixon Mortgage Rates, Fees & Info

Dixon, CA

LEI: 5493005LNO5N4F760786

Tax ID: 94-0475380

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

Review & Overview

First Northern Bank Of Dixon is a smaller bank specializing in Refi and Cash Out Refi loans. First Northern Bank Of Dixon has a high proportion of conventional loans. Their top markets by origination volume include: Sacramento, Vallejo, San Francisco, Stockton, and Modesto among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)

First Northern Bank Of Dixon has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.

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Originations

303

Origination Dollar Volume (All Markets)

$105,425,000

Employee count

214

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
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA\|USDA\|VA)	179	$64,145,000	$358,352	$0	0.00%
VALLEJO, CA (FHA\|USDA\|VA)	71	$23,205,000	$326,831	$0	0.00%
San Francisco-Oakland-Berkeley, CA (FHA\|USDA\|VA)	9	$4,895,000	$543,889	$0	0.00%
STOCKTON, CA (FHA\|USDA\|VA)	19	$4,795,000	$252,368	$0	0.00%
MODESTO, CA (FHA\|USDA\|VA)	8	$1,990,000	$248,750	$0	0.00%
NAPA, CA (FHA\|USDA\|VA)	3	$1,405,000	$468,333	$0	0.00%
Los Angeles-Long Beach-Anaheim, CA (FHA\|USDA\|VA)	2	$1,160,000	$580,000	$0	0.00%
Outside of Metro Areas	3	$1,105,000	$368,333	$0	0.00%
YUBA CITY, CA (FHA\|USDA\|VA)	3	$1,055,000	$351,667	$0	0.00%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA\|USDA\|VA)	2	$700,000	$350,000	$0	0.00%
SANTA ROSA-PETALUMA, CA (FHA\|USDA\|VA)	2	$680,000	$340,000	$0	0.00%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA\|USDA\|VA)	1	$195,000	$195,000	$0	0.00%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA\|USDA\|VA)	1	$95,000	$95,000	$0	0.00%

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

Their top states include:

California (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	303	$105,425,000	$347,937	$0	0.00%

For 2020, First Northern Bank Of Dixon's most frequently originated type of loan was Conventional, with 303 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Refi	164	$55,170,000	$336,402	$0	0.00%
Cash Out Refi	90	$28,670,000	$318,556	$0	0.00%
Home Purchase	42	$19,430,000	$462,619	$0	0.00%
Home Improvement	4	$1,030,000	$257,500	$0	0.00%
Other	3	$1,125,000	$375,000	$0	0.00%

For 2020, First Northern Bank Of Dixon's most frequently cited loan purpose was Refi, with 164 originations. The 2nd most popular reason was Cash Out Refi, with 90 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	303	$105,425,000	$347,937	$0	0.00%

For 2020, First Northern Bank Of Dixon's most frequently cited loan duration was Other, with 303 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$200k-400k	161	$46,885,000	$291,211	$0	0.00%
$400k-600k	69	$32,525,000	$471,377	$0	0.00%
$100k-200k	48	$8,120,000	$169,167	$0	0.00%
$600k-1MM	16	$11,540,000	$721,250	$0	0.00%
$1MM+	5	$6,015,000	$1,203,000	$0	0.00%
$100,000 or less	4	$340,000	$85,000	$0	0.00%

2020 saw First Northern Bank Of Dixon place emphasis on $200k-400k loans with 161 originations, totaling $46,885,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-150k	73	$25,855,000	$354,178	$0	0.00%
$75k-100k	55	$15,905,000	$289,182	$0	0.00%
$150k-250k	46	$18,590,000	$404,130	$0	0.00%
$50k-75k	45	$11,135,000	$247,444	$0	0.00%
$250k+	34	$17,160,000	$504,706	$0	0.00%
$50k or less	14	$2,750,000	$196,429	$0	0.00%

First Northern Bank Of Dixon lent most frequently to those with incomes in the $100k-150k range, with 73 originations. The second most popular income band? $75k-100k, with 55 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	303	$105,425,000	$347,937	$0	0.00%

First Northern Bank Of Dixon lent most frequently to those with DTI ratios of Exempt%, with 303 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	207	$70,545,000	$340,797	$0	0.00%
Not provided	74	$25,260,000	$341,351	$0	0.00%
Not applicable	7	$4,665,000	$666,429	$0	0.00%
Asian	13	$4,485,000	$345,000	$0	0.00%
Chinese	1	$315,000	$315,000	$0	0.00%
Black	1	$155,000	$155,000	$0	0.00%

Approval Rates

Total approvals of all applications
87.50%

First Northern Bank Of Dixon has an average approval rate.

Pick Rate

Approvals leading to origination
90.76%

First Northern Bank Of Dixon has an average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	303	$105,425,000	$347,937

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	6	$5,360,000	$893,333
Single Family (1-4 Units):Manufactured	3	$1,075,000	$358,333
Single Family (1-4 Units):Site-Built	294	$98,990,000	$336,701

Complaints

Bank Name	Product	Issue	2020 CPFB Complaints	% of Total Issues
FIRST NATIONAL BANK OF OMAHA	Other type of mortgage	Trouble during payment process	1	14.3%
FIRST NATIONAL BANK OF OMAHA	Conventional home mortgage	Applying for a mortgage or refinancing an existing mortgage	1	14.3%
FIRST NATIONAL BANK OF OMAHA	Conventional home mortgage	Struggling to pay mortgage	2	28.6%
FIRST NATIONAL BANK OF OMAHA	Conventional home mortgage	Trouble during payment process	2	28.6%
FIRST NATIONAL BANK OF OMAHA	FHA mortgage	Struggling to pay mortgage	1	14.3%

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	11 West Court Street Woodland, CA 95695	Full Service B&M	$149,914
First Northern Bank of Dixon	1300 Harbor Boulevard West Sacramento, CA 95691	Full Service B&M	$148,087
First Northern Bank of Dixon	1375 Exposition Boulevard, Suite 101 Sacramento, CA 95815	Full Service B&M	$33,950
First Northern Bank of Dixon	1455 Oliver Road Fairfield, CA 94533	Full Service B&M	$101,573
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	$211,509
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	$195,487
First Northern Bank of Dixon	2901 Sunrise Boulevard Suite 100 Rancho Cordova, CA 95742	Full Service B&M	$24,626
First Northern Bank of Dixon	390 Elm Ave Auburn, CA 95603	Full Service B&M	$26,385
First Northern Bank of Dixon	434 Second Street Davis, CA 95616	Full Service B&M	$272,781
First Northern Bank of Dixon	48 West Main Street Winters, CA 95694	Full Service B&M	$152,336
First Northern Bank of Dixon	555 Mason Street Vacaville, CA 95688	Full Service B&M	$125,287

For 2020, First Northern Bank Of Dixon had 14 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$48,864
Net interest income	$47,380
Total noninterest income	$7,509
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$1,371
Trading account gains and fees	$0
Additional Noninterest Income	$6,138
Pre-tax net operating income	$16,608
Securities gains (or losses, -)	$296
Income before extraordinary items	$12,333
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$12,333
Minority interest net income	$0
Net income	$12,333
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$12,099

First Northern Bank Of Dixon's gross interest income from loans was $48,864,000.
First Northern Bank Of Dixon's net interest income from loans was $47,380,000.
First Northern Bank Of Dixon's fee based income from loans was $1,371,000.
First Northern Bank Of Dixon's net income from loans was $12,333,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$1,484
Provision for credit losses	$3,050
Total noninterest expense	$35,231
Salaries and employee benefits	$22,967
Premises and equipment expense	$3,661
Additional noninterest expense	$8,603
Applicable income taxes	$4,571
Net charge-offs	$-10
Cash dividends	$0

First Northern Bank Of Dixon's interest expense for loans was $1,484,000.
First Northern Bank Of Dixon's payroll and benefits expense were $22,967,000.
First Northern Bank Of Dixon's property, plant and equipment expenses $3,661,000.

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	1.0%
Multifamily residential loans	0.0%
1-4 family residential loans	0.0%
HELOC loans	3.0%
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	$1,482,212
Deposits held in domestic offices	$1,482,212
Deposits by Individuals, partnerships, and corporations	$1,444,207
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$37,398
Deposits by Commercial banks and other depository institutions in U.S.	$607
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$189,899
Demand deposits	$130,883
Nontransaction accounts	$1,292,313
Money market deposit accounts (MMDAs)	$1,069,181
Other savings deposits (excluding MMDAs)	$166,541
Total time deposits	$56,590
Total time and savings deposits	$1,351,329
Noninterest-bearing deposits	$649,588
Interest-bearing deposits	$832,624
Retail deposits	$1,467,569
IRAs and Keogh plan accounts	$14,186
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$1,655,376
Cash & Balances due from depository institutions	$284,100
Interest-bearing balances	$252,608
Total securities	$435,080
Federal funds sold & reverse repurchase	$0
Net loans and leases	$885,020
Loan and leases loss allowance	$15,416
Trading account assets	$0
Bank premises and fixed assets	$12,426
Other real estate owned	$0
Goodwill and other intangibles	$1,242
All other assets	$37,508

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$1,655,376
Total Liabilities	$1,508,769
Total deposits	$1,482,212
Interest-bearing deposits	$832,624
Deposits held in domestic offices	$1,482,212
% insured (estimated)	$57
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$11,453
Subordinated debt	$0
All other liabilities	$15,104

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$885,020
Loan and leases loss allowance	$15,416
Total loans and leases (domestic)	$900,436
All real estate loans	$606,806
Real estate loans in domestic offices	$606,806
Construction and development loans	$9,473
Residential 1-4 family construction	$4,214
Other construction, all land development and other land	$5,259
Loans secured by nonfarm nonresidential properties	$398,346
Nonfarm nonresidential secured by owner-occupied properties	$153,343
Commercial real estate & other non-farm, non-residential	$245,003
Multifamily residential real estate	$48,808
1-4 family residential loans	$92,960
Farmland loans	$57,219
Loans held in foreign offices	$0
Farm loans	$37,801
Commercial and industrial loans	$245,793
To non-U.S. addressees	$0
Loans to individuals	$583
Credit card loans	$0
Related Plans	$142
Consumer Auto Loans	$122
Other loans to individuals	$319
All other loans & leases	$9,453
Loans to foreign governments and official institutions	$0
Other loans	$135
Loans to depository institutions and acceptances of other banks	$0
Loans not secured by real estate	$1,119
Loans secured by real estate to non-U.S. addressees	$0
Restructured Loans & leases	$2,261
Non 1-4 family restructured loans & leases	$1,313
Total loans and leases (foreign)	$0

First Northern Bank of Dixon had $885,020,000 of loans outstanding in 2020. $606,806,000 of loans were in real estate loans. $9,473,000 of loans were in development loans. $48,808,000 of loans were in multifamily mortgage loans. $92,960,000 of loans were in 1-4 family mortgage loans. $37,801,000 of loans were in farm loans. $0 of loans were in credit card loans. $122,000 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	216	$90,236	$417,759
Nonfarm, nonresidential loans - <$100k	5	$269	$53,800
Nonfarm, nonresidential loans - $100-250k	39	$5,403	$138,538
Nonfarm, nonresidential loans - $250k-1MM	172	$84,564	$491,651
Commercial & Industrial, US addressed loans - <$1MM	1,419	$127,050	$89,535
Commercial & Industrial, US addressed loans - <$100k	899	$26,369	$29,331
Commercial & Industrial, US addressed loans - $100-250k	299	$34,554	$115,565
Commercial & Industrial, US addressed loans - $250k-1MM	221	$66,127	$299,217
Farmland loans - <$1MM	25	$7,021	$280,840
Farmland loans - $100-250k	4	$590	$147,500
Farmland loans - $250k-1MM	21	$6,431	$306,238
Agriculture operations loans - <$1MM	63	$5,803	$92,111
Agriculture operations loans - <$100k	20	$520	$26,000
Agriculture operations loans - $100-250k	19	$1,672	$88,000
Agriculture operations loans - $250k-1MM	24	$3,611	$150,458