Security First Bank Mortgage Rates, Fees & Info

Lincoln, NE

LEI: 549300BZTITCLMZ3TL46

Tax ID: 47-0299375

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Mortgage Data

Bank Data

Review & Overview

Security First Bank is a smaller bank specializing in Home Purchase loans. Security First Bank has a high proportion of conventional loans. Their top markets by origination volume include: Lincoln, Bridgeport, Charlotte, Omaha, and Rapid City among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)

Security First 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.

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.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.53% 3/28/24
30 Year Conventional Refi 6.54% 3/28/24
30 Year Cash-out Refi 6.58% 3/28/24
30 Year FHA Purchase 6.27% 3/28/24
30 Year VA Purchase 5.56% 3/28/24
30 Year USDA Purchase 6.27% 3/28/24
15 Year Conventional Purchase 6.25% 3/28/24
15 Year Conventional Refi 6.36% 3/28/24
15 Year Cash-out Refi 6.36% 3/28/24
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.

Security First Bank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Security First 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

552

Origination Dollar Volume (All Markets)

$159,620,000

Employee count

249

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
LINCOLN, NE (FHA|USDA|VA) 267 $46,875,000 $175,562 $0 0.00%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $36,635,000 $36,635,000 $0 0.00%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $36,255,000 $36,255,000 $0 0.00%
Outside of Metro Areas 148 $15,690,000 $106,014 $0 0.00%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 38 $8,170,000 $215,000 $0 0.00%
RAPID CITY, SD (FHA|USDA|VA) 23 $6,385,000 $277,609 $0 0.00%
Beatrice, NE (FHA|USDA|VA) 34 $3,780,000 $111,176 $0 0.00%
Lexington, NE (FHA|USDA|VA) 24 $3,630,000 $151,250 $0 0.00%
Scottsbluff, NE (FHA|USDA|VA) 6 $570,000 $95,000 $0 0.00%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $345,000 $345,000 $0 0.00%
Kearney, NE (FHA|USDA|VA) 3 $285,000 $95,000 $0 0.00%
SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 1 $265,000 $265,000 $0 0.00%
Gillette, WY (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
Fremont, NE (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
North Platte, NE (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
Hastings, NE (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
Security First Bank's top markets include Lincoln, Bridgeport, Charlotte, Omaha, and Rapid City among others.

Their top states include:
  • Nebraska (FHA|USDA|VA)
  • Connecticut (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • South Dakota (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Similar Lenders

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

    U.S. HOME MORTGAGE, INC.
    Similarity Rank: 110
    Dacotah Bank
    Similarity Rank: 175
    MUTUAL FIRST
    Similarity Rank: 276
    LIBERTY FIRST
    Similarity Rank: 351
    Central National Bank
    Similarity Rank: 363
    BANKWEST, INC.
    Similarity Rank: 400
    BLACK HILLS FEDERAL CREDIT UNION
    Similarity Rank: 532
    Cobalt Credit Union
    Similarity Rank: 582
    CORNHUSKER BANK
    Similarity Rank: 615

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 552 $159,620,000 $289,167 $0 0.00%

    For 2019, Security First Bank's most frequently originated type of loan was Conventional, with 552 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 318 $120,810,000 $379,906 $0 0.00%
    Refi 148 $24,540,000 $165,811 $0 0.00%
    Cash Out Refi 73 $13,485,000 $184,726 $0 0.00%
    Home Improvement 13 $785,000 $60,385 $0 0.00%

    For 2019, Security First Bank's most frequently cited loan purpose was Home Purchase, with 318 originations. The 2nd most popular reason was Refi, with 148 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 552 $159,620,000 $289,167 $0 0.00%

    For 2019, Security First Bank's most frequently cited loan duration was Other, with 552 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 215 $30,945,000 $143,930 $0 0.00%
    $100,000 or less 183 $10,795,000 $58,989 $0 0.00%
    $200k-400k 133 $35,035,000 $263,421 $0 0.00%
    $400k-600k 16 $7,160,000 $447,500 $0 0.00%
    $600k-1MM 3 $2,795,000 $931,667 $0 0.00%
    $1MM+ 2 $72,890,000 $36,445,000 $0 0.00%

    2019 saw Security First Bank place emphasis on $100k-200k loans with 215 originations, totaling $30,945,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 121 $14,805,000 $122,355 $0 0.00%
    $50k or less 110 $9,710,000 $88,273 $0 0.00%
    $100k-150k 104 $20,720,000 $199,231 $0 0.00%
    $75k-100k 83 $13,885,000 $167,289 $0 0.00%
    $150k-250k 35 $9,575,000 $273,571 $0 0.00%
    $250k+ 11 $3,475,000 $315,909 $0 0.00%

    Security First Bank lent most frequently to those with incomes in the $50k-75k range, with 121 originations. The second most popular income band? $50k or less, with 110 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 552 $159,620,000 $289,167 $0 0.00%

    Security First Bank lent most frequently to those with DTI ratios of Exempt%, with 552 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 77 $85,165,000 $1,106,039 $0 0.00%
    White 444 $69,880,000 $157,387 $0 0.00%
    Asian 13 $2,535,000 $195,000 $0 0.00%
    Not provided 8 $1,020,000 $127,500 $0 0.00%
    American Indian 6 $680,000 $113,333 $0 0.00%
    Black 4 $340,000 $85,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.38%

    Security First Bank 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
    92.93%

    Security First Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 552 $159,620,000 $289,167

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 12 $76,000,000 $6,333,333
    Single Family (1-4 Units):Manufactured 11 $965,000 $87,727
    Single Family (1-4 Units):Site-Built 529 $82,655,000 $156,248

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Security National Financial Corp FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 33.3%
    Security National Financial Corp Other type of mortgage Trouble during payment process 1 33.3%
    Security National Financial Corp VA mortgage Closing on a mortgage 1 33.3%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Security First Bank 101 East Broad Street Blue Springs, NE 68318 Full Service B&M $23,785
    Security First Bank 101 East Second Street Rushville, NE 69360 Limited, Mobile/Seasonal Office $0
    Security First Bank 102 East Second Street Rushville, NE 69360 Full Service B&M $59,734
    Security First Bank 104 East Nebraska Avenue Cody, NE 69211 Full Service B&M $5,496
    Security First Bank 111 N Mills Merriman, NE 69218 Full Service B&M $4,424
    Security First Bank 289 Main Street Harrison, NE 69346 Full Service B&M $18,734
    Security First Bank 120 North Sixth Street Beatrice, NE 68310 Full Service B&M $141,214
    Security First Bank 1205 Jackson Street Sidney, NE 69162 Full Service B&M $65,079
    Security First Bank 1300 Garret Lane Lincoln, NE 68512 Full Service B&M $13,047
    Security First Bank 1328 West Highway 20 Chadron, NE 69337 Full Service B&M $15,106
    Security First Bank 1540 Samco Road, Suite B Rapid City, SD 57702 Limited, Mobile/Seasonal Office $0
    Security First Bank 1540 Samco Road, Suite B Rapid City, SD 57702 Full Service B&M $15,049
    Security First Bank 160 Washington Street Clatonia, NE 68328 Full Service B&M $9,769
    Security First Bank 1900 East Court Street Beatrice, NE 68310 Limited, Drive-thru $0
    Security First Bank 201 Smith Avenue Elwood, NE 68937 Full Service B&M $16,697
    Security First Bank 2211 Sunset Drive Beatrice, NE 68310 Limited, Drive-thru $0
    Security First Bank 2301 North 6th Street Beatrice, NE 68310 Full Service B&M $11,006
    Security First Bank 231 North Main Hay Springs, NE 69347 Full Service B&M $34,649
    Security First Bank 253 North Main Valentine, NE 69201 Full Service B&M $75,511
    Security First Bank 401 Third Avenue Martin, SD 57551 Full Service B&M $51,392
    Security First Bank 403 Second Street Crawford, NE 69339 Full Service B&M $17,628
    Security First Bank 4811 Van Dorn Lincoln, NE 68506 Limited, Mobile/Seasonal Office $0
    Security First Bank 4811 Van Dorn Lincoln, NE 68506 Full Service B&M $5,635
    Security First Bank 501 C Street Overton, NE 68863 Full Service B&M $12,425
    Security First Bank 501 Quincy Street Rapid City, SD 57702 Full Service B&M $51,781
    Security First Bank 502 Main Street Thedford, NE 69166 Full Service B&M $15,998
    Security First Bank 525 Highway 77 Cortland, NE 68331 Full Service B&M $8,097
    Security First Bank 5430 Sheridan Lake Rd. Rapid City, SD 57702 Full Service B&M $23,023
    Security First Bank 5505 Red Rock Lane Lincoln, NE 68516 Full Service B&M $157,824
    Security First Bank 818 Avenue F Cozad, NE 69130 Full Service B&M $17,210
    Security First Bank 8260 Northwoods Drive Lincoln, NE 68505 Full Service B&M $13,885

    For 2019, Security First Bank had 31 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $47,216
    Net interest income $37,088
    Total noninterest income $8,191
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,295
    Trading account gains and fees $0
    Additional Noninterest Income $6,896
    Pre-tax net operating income $10,462
    Securities gains (or losses, -) $127
    Income before extraordinary items $8,586
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $8,586
    Minority interest net income $0
    Net income $8,586
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $8,483

    Security First Bank's gross interest income from loans was $47,216,000.
    Security First Bank's net interest income from loans was $37,088,000.
    Security First Bank's fee based income from loans was $1,295,000.
    Security First Bank's net income from loans was $8,586,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $10,128
    Provision for credit losses $5,975
    Total noninterest expense $28,842
    Salaries and employee benefits $17,675
    Premises and equipment expense $2,766
    Additional noninterest expense $8,401
    Applicable income taxes $2,003
    Net charge-offs $8,309
    Cash dividends $4,000

    Security First Bank's interest expense for loans was $10,128,000.
    Security First Bank's payroll and benefits expense were $17,675,000.
    Security First Bank's property, plant and equipment expenses $2,766,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    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 0.0%
    All other family 0.0%
    Commercial & industrial loans 6.0%
    Personal loans 1.0%
    Credit card loans 0.0%
    Other individual loans 1.0%
    Auto loans 0.0%
    Other consumer loans 1.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $996,244
    Deposits held in domestic offices $996,244
    Deposits by Individuals, partnerships, and corporations $913,851
    Deposits by U.S. Government $8
    Deposits by States and political subdivisions in the U.S. $80,429
    Deposits by Commercial banks and other depository institutions in U.S. $1,956
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $491,935
    Demand deposits $491,935
    Nontransaction accounts $504,309
    Money market deposit accounts (MMDAs) $97,648
    Other savings deposits (excluding MMDAs) $95,143
    Total time deposits $311,517
    Total time and savings deposits $504,309
    Noninterest-bearing deposits $189,530
    Interest-bearing deposits $806,714
    Retail deposits $872,959
    IRAs and Keogh plan accounts $13,508
    Brokered deposits $75,138
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,151,009
    Cash & Balances due from depository institutions $72,961
    Interest-bearing balances $55,381
    Total securities $201,542
    Federal funds sold & reverse repurchase $29
    Net loans and leases $822,412
    Loan and leases loss allowance $10,201
    Trading account assets $13
    Bank premises and fixed assets $19,693
    Other real estate owned $0
    Goodwill and other intangibles $11,474
    All other assets $22,885

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,151,009
    Total Liabilities $1,043,064
    Total deposits $996,244
    Interest-bearing deposits $806,714
    Deposits held in domestic offices $996,244
    % insured (estimated) $77
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $41,972
    Subordinated debt $0
    All other liabilities $4,848

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $822,412
    Loan and leases loss allowance $10,201
    Total loans and leases (domestic) $832,613
    All real estate loans $490,277
    Real estate loans in domestic offices $490,277
    Construction and development loans $24,476
    Residential 1-4 family construction $7,355
    Other construction, all land development and other land $17,121
    Loans secured by nonfarm nonresidential properties $181,685
    Nonfarm nonresidential secured by owner-occupied properties $64,692
    Commercial real estate & other non-farm, non-residential $116,993
    Multifamily residential real estate $58,966
    1-4 family residential loans $96,269
    Farmland loans $128,881
    Loans held in foreign offices $0
    Farm loans $122,921
    Commercial and industrial loans $61,857
    To non-U.S. addressees $0
    Loans to individuals $118,280
    Credit card loans $0
    Related Plans $458
    Consumer Auto Loans $8,742
    Other loans to individuals $109,080
    All other loans & leases $39,278
    Loans to foreign governments and official institutions $0
    Other loans $18,802
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $17,394
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $1,336
    Non 1-4 family restructured loans & leases $1,154
    Total loans and leases (foreign) $0

    Security First Bank had $822,412,000 of loans outstanding in 2019. $490,277,000 of loans were in real estate loans. $24,476,000 of loans were in development loans. $58,966,000 of loans were in multifamily mortgage loans. $96,269,000 of loans were in 1-4 family mortgage loans. $122,921,000 of loans were in farm loans. $0 of loans were in credit card loans. $8,742,000 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 208 $36,383 $174,918
    Nonfarm, nonresidential loans - <$100k 81 $3,173 $39,173
    Nonfarm, nonresidential loans - $100-250k 69 $8,150 $118,116
    Nonfarm, nonresidential loans - $250k-1MM 58 $25,060 $432,069
    Commercial & Industrial, US addressed loans - <$1MM 747 $34,802 $46,589
    Commercial & Industrial, US addressed loans - <$100k 605 $12,018 $19,864
    Commercial & Industrial, US addressed loans - $100-250k 81 $5,384 $66,469
    Commercial & Industrial, US addressed loans - $250k-1MM 61 $17,400 $285,246
    Farmland loans - <$1MM 335 $46,587 $139,066
    Farmland loans - <$100k 110 $4,746 $43,145
    Farmland loans - $100-250k 140 $17,354 $123,957
    Farmland loans - $250k-1MM 85 $24,487 $288,082
    Agriculture operations loans - <$1MM 1,408 $64,774 $46,004
    Agriculture operations loans - <$100k 1,077 $21,828 $20,267
    Agriculture operations loans - $100-250k 239 $22,167 $92,749
    Agriculture operations loans - $250k-1MM 92 $20,779 $225,859