First State Bank Of Blakely Mortgage Rates, Fees & Info

Blakely, GA

LEI: 549300ANE43ZL0O8VZ13

Tax ID: 58-0243255

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Mortgage Data

Review & Overview

First State Bank Of Blakely is a smaller bank specializing in Refi and Home Purchase loans. First State Bank Of Blakely has a high proportion of conventional loans. Their top markets by origination volume include: Bainbridge, Panama City, Dothan, Albany, and Americus among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)

First State Bank Of Blakely 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.

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Originations

278

Origination Dollar Volume (All Markets)

$35,770,000

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
Outside of Metro Areas 181 $20,645,000 $114,061 $0 0.00%
Bainbridge, GA (FHA|USDA|VA) 25 $5,295,000 $211,800 $0 0.00%
PANAMA CITY, FL (FHA|USDA|VA) 7 $2,535,000 $362,143 $0 0.00%
DOTHAN, AL (FHA|USDA|VA) 16 $2,520,000 $157,500 $0 0.00%
ALBANY, GA (FHA|USDA|VA) 33 $2,445,000 $74,091 $0 0.00%
Americus, GA (FHA|USDA|VA) 6 $730,000 $121,667 $0 0.00%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 2 $540,000 $270,000 $0 0.00%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $355,000 $355,000 $0 0.00%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
Cordele, GA (FHA|USDA|VA) 2 $100,000 $50,000 $0 0.00%
Eufaula, AL-GA (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
VALDOSTA, GA (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
First State Bank Of Blakely's top markets include Bainbridge, Panama City, Dothan, Albany, and Americus among others.

Their top states include:
  • Georgia (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 278 $35,770,000 $128,669 $0 0.00%

    For 2022, First State Bank Of Blakely's most frequently originated type of loan was Conventional, with 278 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 190 $23,950,000 $126,053 $0 0.00%
    Home Purchase 80 $11,410,000 $142,625 $0 0.00%
    Home Improvement 4 $290,000 $72,500 $0 0.00%
    Other 4 $120,000 $30,000 $0 0.00%

    For 2022, First State Bank Of Blakely's most frequently cited loan purpose was Refi, with 190 originations. The 2nd most popular reason was Home Purchase, with 80 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 278 $35,770,000 $128,669 $0 0.00%

    For 2022, First State Bank Of Blakely's most frequently cited loan duration was Other, with 278 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 197 $8,295,000 $42,107 $0 0.00%
    $100k-200k 39 $5,615,000 $143,974 $0 0.00%
    $200k-400k 27 $7,775,000 $287,963 $0 0.00%
    $400k-600k 6 $2,880,000 $480,000 $0 0.00%
    $600k-1MM 5 $3,895,000 $779,000 $0 0.00%
    $1MM+ 4 $7,310,000 $1,827,500 $0 0.00%

    2022 saw First State Bank Of Blakely place emphasis on $100,000 or less loans with 197 originations, totaling $8,295,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 54 $2,880,000 $53,333 $0 0.00%
    $50k-75k 39 $2,665,000 $68,333 $0 0.00%
    $150k-250k 32 $3,600,000 $112,500 $0 0.00%
    $100k-150k 30 $4,020,000 $134,000 $0 0.00%
    $75k-100k 22 $2,770,000 $125,909 $0 0.00%
    $250k+ 20 $3,340,000 $167,000 $0 0.00%

    First State Bank Of Blakely lent most frequently to those with incomes in the $50k or less range, with 54 originations. The second most popular income band? $50k-75k, with 39 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 278 $35,770,000 $128,669 $0 0.00%

    First State Bank Of Blakely lent most frequently to those with DTI ratios of Exempt%, with 278 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 171 $18,585,000 $108,684 $0 0.00%
    Not applicable 68 $13,950,000 $205,147 $0 0.00%
    Black 32 $1,630,000 $50,938 $0 0.00%
    Asian 5 $995,000 $199,000 $0 0.00%
    American Indian 1 $355,000 $355,000 $0 0.00%
    Asian Indian 1 $255,000 $255,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.89%

    First State Bank Of Blakely has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    99.28%

    First State Bank Of Blakely has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 278 $35,770,000 $128,669

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    278 $35,770,000 $128,669

    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%