First Nebraska Bank Mortgage Rates, Fees & Info

Valley, NE

LEI: 5493007FRLGNQEXCGS66

Tax ID: 47-0323447

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

Review & Overview

First Nebraska Bank is a smaller bank specializing in Cash Out Refi and Home Purchase loans. First Nebraska Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Omaha, Columbus, Lincoln, Norfolk, and Fremont among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)

First Nebraska 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. First Nebraska 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
30 Year Conventional Purchase	6.52%	4/28/24
30 Year Conventional Refi	6.91%	4/28/24
30 Year Cash-out Refi	6.72%	4/28/24
30 Year VA Purchase	6.54%	4/28/24
30 Year USDA Purchase	7.25%	4/28/24
15 Year Conventional Purchase	6.43%	4/28/24
15 Year Conventional Refi	6.87%	4/28/24
15 Year Cash-out Refi	6.87%	4/28/24
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 Nebraska Bank Mortgage Calculator

Purchase Price:

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This is not an official calculator from First Nebraska 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

330

Origination Dollar Volume (All Markets)

$64,900,000

Employee count

Awards

First Nebraska Bank 30 Year Conventional Loans bronze

First Nebraska Bank 30 Year Conventional Loans silver

First Nebraska Bank 30 Year Conventional Loans gold

Show all (4) 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
OMAHA-COUNCIL BLUFFS, NE-IA (FHA\|USDA\|VA)	118	$26,050,000	$220,763	$1,969	3.11%
Outside of Metro Areas	105	$17,855,000	$170,048	$2,167	3.16%
Columbus, NE (FHA\|USDA\|VA)	40	$8,090,000	$202,250	$2,241	3.01%
LINCOLN, NE (FHA\|USDA\|VA)	31	$6,395,000	$206,290	$1,943	3.07%
Norfolk, NE (FHA\|USDA\|VA)	17	$2,415,000	$142,059	$1,687	3.45%
Fremont, NE (FHA\|USDA\|VA)	8	$1,280,000	$160,000	$1,757	3.13%
NAPLES-MARCO ISLAND, FL (FHA\|USDA\|VA)	2	$1,120,000	$560,000	$2,670	3.25%
Kearney, NE (FHA\|USDA\|VA)	3	$865,000	$288,333	$2,199	3.04%
GRAND ISLAND, NE (FHA\|USDA\|VA)	1	$185,000	$185,000	$1,602	2.88%
ALBUQUERQUE, NM (FHA\|USDA\|VA)	1	$175,000	$175,000	$1,895	3.25%
TUCSON, AZ (FHA\|USDA\|VA)	1	$135,000	$135,000	$3,337	3.13%
Lexington, NE (FHA\|USDA\|VA)	1	$125,000	$125,000	$1,977	2.50%
SIOUX CITY, IA-NE-SD (FHA\|USDA\|VA)	1	$115,000	$115,000	$2,235	2.50%
North Platte, NE (FHA\|USDA\|VA)	1	$95,000	$95,000	$2,244	3.25%

First Nebraska Bank's top markets include Omaha, Columbus, Lincoln, Norfolk, and Fremont among others.

Their top states include:

Nebraska (FHA|USDA|VA)

Iowa (FHA|USDA|VA)

Florida (FHA|USDA|VA)

Missouri (FHA|USDA|VA)

Kansas (FHA|USDA|VA)

Similar Lenders

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

KELLOGG MIDWEST FEDERAL CREDIT UNION
Similarity Rank: 322

U.S. HOME MORTGAGE, INC.
Similarity Rank: 441

MUTUAL FIRST
Similarity Rank: 484

Cobalt Credit Union
Similarity Rank: 490

Five Points Bank
Similarity Rank: 572

METRO CU
Similarity Rank: 720

Central National Bank
Similarity Rank: 792

Equitable Bank
Similarity Rank: 900

CENTRIS FEDERAL CREDIT UNION
Similarity Rank: 1045

CORNHUSKER BANK
Similarity Rank: 1127

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	320	$63,300,000	$197,813	$2,008	3.12%
USDA	6	$780,000	$130,000	$3,477	3.21%
VA	4	$820,000	$205,000	$3,249	3.25%

For 2021, First Nebraska Bank's most frequently originated type of loan was Conventional, with 320 originations. Their 2nd most popular type was USDA, with 6 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Cash Out Refi	185	$36,975,000	$199,865	$2,052	2.86%
Home Purchase	103	$20,835,000	$202,282	$2,278	3.18%
Refi	33	$5,855,000	$177,424	$1,269	4.27%
Other	8	$1,190,000	$148,750	$1,801	3.59%
Home Improvement	1	$45,000	$45,000	$0	4.50%

For 2021, First Nebraska Bank's most frequently cited loan purpose was Cash Out Refi, with 185 originations. The 2nd most popular reason was Home Purchase, with 103 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
30 Year	155	$34,125,000	$220,161	$2,191	3.21%
15 Year	85	$14,925,000	$175,588	$2,025	2.64%
20 Year	33	$6,895,000	$208,939	$1,899	3.34%
Other	22	$4,040,000	$183,636	$1,125	4.07%
5 Year	19	$3,305,000	$173,947	$0	2.81%
10 Year	11	$795,000	$72,273	$1,530	3.59%
1 Year	3	$455,000	$151,667	$0	3.50%
3 Year	2	$360,000	$180,000	$0	2.99%

For 2021, First Nebraska Bank's most frequently cited loan duration was 30 Year, with 155 originations. The 2nd most popular length was 15 Year, with 85 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$<1k	271	$54,375,000	$200,646
$1k-2k	9	$2,375,000	$263,889
$2k-3k	2	$210,000	$105,000
$4k-5k	2	$710,000	$355,000

First Nebraska Bank's average total fees were $2,191, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 271 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
3-4%	125	$25,205,000	$201,640
2.5-3%	106	$22,930,000	$216,321
<2.5%	66	$12,660,000	$191,818
4-5%	31	$4,005,000	$129,194
5-6%	1	$65,000	$65,000
6-7%	1	$35,000	$35,000

During 2021, First Nebraska Bank's average interest rate for loans was 3.21%, while their most frequently originated rate bucket for loans was 3-4%, with 125 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-200k	138	$20,100,000	$145,652	$2,036	3.01%
$200k-400k	103	$28,365,000	$275,388	$2,155	3.06%
$100,000 or less	64	$4,100,000	$64,063	$1,807	3.50%
$400k-600k	23	$11,005,000	$478,478	$2,336	2.94%
$600k-1MM	2	$1,330,000	$665,000	$1,193	4.25%

2021 saw First Nebraska Bank place emphasis on $100k-200k loans with 138 originations, totaling $20,100,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-150k	88	$17,740,000	$201,591	$2,018	3.08%
$50k-75k	57	$7,565,000	$132,719	$1,943	3.10%
$75k-100k	57	$9,825,000	$172,368	$2,126	2.98%
$150k-250k	47	$13,795,000	$293,511	$2,047	3.19%
$50k or less	30	$2,930,000	$97,667	$2,131	3.35%
$250k+	23	$7,205,000	$313,261	$2,275	3.15%

First Nebraska Bank lent most frequently to those with incomes in the $100k-150k range, with 88 originations. The second most popular income band? $50k-75k, with 57 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-30%	96	$19,170,000	$199,688	$2,023	3.04%
30-36%	50	$10,290,000	$205,800	$2,183	3.25%
<20%	44	$8,310,000	$188,864	$2,128	2.70%
41%	16	$3,090,000	$193,125	$2,052	3.01%
40%	12	$2,950,000	$245,833	$1,882	2.92%
38%	10	$1,600,000	$160,000	$2,023	3.28%
36%	8	$1,290,000	$161,250	$1,975	3.13%
45%	8	$1,790,000	$223,750	$1,936	3.23%
39%	7	$1,115,000	$159,286	$1,911	2.91%
46%	7	$1,855,000	$265,000	$1,804	2.95%
43%	7	$1,735,000	$247,857	$2,220	3.00%
42%	6	$1,260,000	$210,000	$2,667	3.54%
37%	6	$1,030,000	$171,667	$1,942	3.29%
44%	6	$1,250,000	$208,333	$1,840	3.31%
47%	3	$475,000	$158,333	$1,874	2.79%
48%	2	$280,000	$140,000	$1,194	3.43%
49%	2	$520,000	$260,000	$2,528	3.38%
50-60%	1	$265,000	$265,000	$2,079	4.38%

First Nebraska Bank lent most frequently to those with DTI ratios of 20-30%, with 96 originations. The next most common DTI ratio? 30-36%, with 50 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	306	$59,560,000	$194,641	$2,069	3.09%
Not applicable	15	$3,505,000	$233,667	$0	3.50%
Black	3	$835,000	$278,333	$1,950	3.71%
Asian	3	$745,000	$248,333	$1,508	3.33%
Other Asian	1	$115,000	$115,000	$1,892	2.25%
Not provided	1	$115,000	$115,000	$1,808	3.50%
American Indian	1	$25,000	$25,000	$1,129	4.75%

Approval Rates

Total approvals of all applications
92.33%

First Nebraska Bank has an average approval rate.

Pick Rate

Approvals leading to origination
94.24%

First Nebraska Bank has an average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
NA	330	$64,900,000	$196,667

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
	330	$64,900,000	$196,667

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	35	$4,825,000	$137,857	$1,776	3.29%
40-60%	71	$11,105,000	$156,408	$1,866	2.93%
60-80%	136	$30,170,000	$221,838	$2,140	3.05%
80-100%	73	$16,925,000	$231,849	$2,327	3.24%
Over 100%	1	$55,000	$55,000	$0	4.10%
Under 20%	14	$1,820,000	$130,000	$1,212	3.77%

Complaints

Bank Name	Product	Issue	2021 CPFB Complaints	% of Total Issues
FIRST HORIZON BANK	FHA mortgage	Trouble during payment process	2	5.9%
FIRST HORIZON BANK	Home equity loan or line of credit (HELOC)	Struggling to pay mortgage	1	2.9%
FIRST HORIZON BANK	Home equity loan or line of credit (HELOC)	Trouble during payment process	6	17.6%
FIRST HORIZON BANK	Other type of mortgage	Applying for a mortgage or refinancing an existing mortgage	2	5.9%
FIRST HORIZON BANK	VA mortgage	Applying for a mortgage or refinancing an existing mortgage	1	2.9%
FIRST HORIZON BANK	Other type of mortgage	Trouble during payment process	1	2.9%
FIRST HORIZON BANK	Other type of mortgage	Closing on a mortgage	2	5.9%
FIRST HORIZON BANK	Conventional home mortgage	Applying for a mortgage or refinancing an existing mortgage	2	5.9%
FIRST HORIZON BANK	Conventional home mortgage	Closing on a mortgage	2	5.9%
FIRST HORIZON BANK	Conventional home mortgage	Struggling to pay mortgage	1	2.9%
FIRST HORIZON BANK	Conventional home mortgage	Trouble during payment process	10	29.4%
FIRST HORIZON BANK	FHA mortgage	Closing on a mortgage	1	2.9%
FIRST HORIZON BANK	Home equity loan or line of credit (HELOC)	Applying for a mortgage or refinancing an existing mortgage	2	5.9%
FIRST HORIZON BANK	FHA mortgage	Applying for a mortgage or refinancing an existing mortgage	1	2.9%

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
First Nebraska Bank	753 S Broadway Decatur, NE 68020	Full Service B&M	$12,732
First Nebraska Bank	1000 Main Street Emerson, NE 68733	Full Service B&M	$25,390
First Nebraska Bank	1002 Main Street Emerson, NE 68733	Limited, Mobile/Seasonal Office	$0
First Nebraska Bank	1019 Ivy Street Stanton, NE 68779	Full Service B&M	$20,858
First Nebraska Bank	107 North Elm Street Weeping Water, NE 68463	Full Service B&M	$33,190
First Nebraska Bank	155 West Bridge Arcadia, NE 68815	Full Service B&M	$13,847
First Nebraska Bank	20421 George B Lake Parkway Elkhorn, NE 68022	Full Service B&M	$2,082
First Nebraska Bank	2214 S 11th St Nebraska City, NE 68410	Full Service B&M	$12,205
First Nebraska Bank	3225 - 23rd Street Columbus, NE 68601	Full Service B&M	$91,487
First Nebraska Bank	3225-23rd Street Columbus, NE 68601	Limited, Administrative	$0
First Nebraska Bank	330 North Spruce Street Valley, NE 68064	Limited, Mobile/Seasonal Office	$0
First Nebraska Bank	330 North Spruce Street Valley, NE 68064	Full Service B&M	$50,519
First Nebraska Bank	50 Monroe Street Bennet, NE 68317	Limited, Mobile/Seasonal Office	$0
First Nebraska Bank	50 Monroe Street Bennet, NE 68317	Full Service B&M	$22,081
First Nebraska Bank	Madison Street Brainard, NE 68626	Full Service B&M	$38,660

For 2021, First Nebraska Bank had 15 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$12,292
Net interest income	$11,423
Total noninterest income	$3,341
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$389
Trading account gains and fees	$0
Additional Noninterest Income	$2,952
Pre-tax net operating income	$3,712
Securities gains (or losses, -)	$62
Income before extraordinary items	$3,626
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$3,626
Minority interest net income	$0
Net income	$3,626
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$3,566

First Nebraska Bank's gross interest income from loans was $12,292,000.
First Nebraska Bank's net interest income from loans was $11,423,000.
First Nebraska Bank's fee based income from loans was $389,000.
First Nebraska Bank's net income from loans was $3,626,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$869
Provision for credit losses	$60
Total noninterest expense	$10,992
Salaries and employee benefits	$5,909
Premises and equipment expense	$2,123
Additional noninterest expense	$2,960
Applicable income taxes	$148
Net charge-offs	$63
Cash dividends	$2,500

First Nebraska Bank's interest expense for loans was $869,000.
First Nebraska Bank's payroll and benefits expense were $5,909,000.
First Nebraska Bank's property, plant and equipment expenses $2,123,000.

Loan Performance

Type of Loan	% of Loans Noncurrent (30+ days, end of period snapshot)
All loans	1.0%
Real Estate loans	2.0%
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	1.0%
Unsecured commercial real estate loans	0.0%

Deposits

Type	Value (in 000's)
Total deposits	$313,399
Deposits held in domestic offices	$313,399
Deposits by Individuals, partnerships, and corporations	$281,346
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$32,053
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	$151,492
Demand deposits	$60,011
Nontransaction accounts	$161,907
Money market deposit accounts (MMDAs)	$72,210
Other savings deposits (excluding MMDAs)	$58,522
Total time deposits	$31,176
Total time and savings deposits	$253,388
Noninterest-bearing deposits	$60,861
Interest-bearing deposits	$252,538
Retail deposits	$309,298
IRAs and Keogh plan accounts	$10,263
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$352,941
Cash & Balances due from depository institutions	$20,974
Interest-bearing balances	$13,204
Total securities	$80,210
Federal funds sold & reverse repurchase	$30,400
Net loans and leases	$198,713
Loan and leases loss allowance	$2,735
Trading account assets	$0
Bank premises and fixed assets	$11,592
Other real estate owned	$0
Goodwill and other intangibles	$1,599
All other assets	$9,453

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$352,941
Total Liabilities	$319,423
Total deposits	$313,399
Interest-bearing deposits	$252,538
Deposits held in domestic offices	$313,399
% insured (estimated)	$78
Federal funds purchased and repurchase agreements	$4,549
Trading liabilities	$0
Other borrowed funds	$1,076
Subordinated debt	$0
All other liabilities	$399

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$198,713
Loan and leases loss allowance	$2,735
Total loans and leases (domestic)	$201,448
All real estate loans	$130,150
Real estate loans in domestic offices	$130,150
Construction and development loans	$27,818
Residential 1-4 family construction	$18,326
Other construction, all land development and other land	$9,492
Loans secured by nonfarm nonresidential properties	$28,961
Nonfarm nonresidential secured by owner-occupied properties	$12,265
Commercial real estate & other non-farm, non-residential	$16,696
Multifamily residential real estate	$3,263
1-4 family residential loans	$38,633
Farmland loans	$31,475
Loans held in foreign offices	$0
Farm loans	$42,126
Commercial and industrial loans	$25,874
To non-U.S. addressees	$0
Loans to individuals	$2,878
Credit card loans	$107
Related Plans	$36
Consumer Auto Loans	$1,378
Other loans to individuals	$1,357
All other loans & leases	$420
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	$0
Non 1-4 family restructured loans & leases	$0
Total loans and leases (foreign)	$0

First Nebraska Bank had $198,713,000 of loans outstanding in 2021. $130,150,000 of loans were in real estate loans. $27,818,000 of loans were in development loans. $3,263,000 of loans were in multifamily mortgage loans. $38,633,000 of loans were in 1-4 family mortgage loans. $42,126,000 of loans were in farm loans. $107,000 of loans were in credit card loans. $1,378,000 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	81	$14,062	$173,605
Nonfarm, nonresidential loans - <$100k	28	$1,043	$37,250
Nonfarm, nonresidential loans - $100-250k	27	$3,235	$119,815
Nonfarm, nonresidential loans - $250k-1MM	26	$9,784	$376,308
Commercial & Industrial, US addressed loans - <$1MM	291	$18,053	$62,038
Commercial & Industrial, US addressed loans - <$100k	214	$4,402	$20,570
Commercial & Industrial, US addressed loans - $100-250k	44	$4,190	$95,227
Commercial & Industrial, US addressed loans - $250k-1MM	33	$9,461	$286,697
Farmland loans - <$1MM	116	$17,095	$147,371
Farmland loans - <$100k	33	$1,123	$34,030
Farmland loans - $100-250k	45	$5,701	$126,689
Farmland loans - $250k-1MM	38	$10,271	$270,289
Agriculture operations loans - <$1MM	281	$17,463	$62,146
Agriculture operations loans - <$100k	181	$3,798	$20,983
Agriculture operations loans - $100-250k	66	$5,682	$86,091
Agriculture operations loans - $250k-1MM	34	$7,983	$234,794