First State Bank Nebraska Mortgage Rates, Fees & Info

Lincoln, NE

LEI: 549300F5TN705NCHGW39

Tax ID: 47-0162750

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Mortgage Data

Bank Data

Review & Overview

First State Bank Nebraska is a smaller bank specializing in Home Purchase and Refi loans. First State Bank Nebraska has a high proportion of conventional loans. Their top markets by origination volume include: Lincoln, Omaha, Beatrice, Fremont, and Phoenix among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

First State Bank Nebraska has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

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Originations

260

Origination Dollar Volume (All Markets)

$39,510,000

Employee count

104

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) 132 $21,660,000 $164,091 $0 0.00%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 27 $5,715,000 $211,667 $0 0.00%
Beatrice, NE (FHA|USDA|VA) 49 $5,385,000 $109,898 $0 0.00%
Outside of Metro Areas 42 $4,310,000 $102,619 $0 0.00%
Fremont, NE (FHA|USDA|VA) 5 $795,000 $159,000 $0 0.00%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $690,000 $345,000 $0 0.00%
Branson, MO (FHA|USDA|VA) 1 $335,000 $335,000 $0 0.00%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $315,000 $315,000 $0 0.00%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
First State Bank Nebraska's top markets include Lincoln, Omaha, Beatrice, Fremont, and Phoenix among others.

Their top states include:
  • Nebraska (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 260 $39,510,000 $151,962 $0 0.00%

    For 2018, First State Bank Nebraska's most frequently originated type of loan was Conventional, with 260 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 108 $20,160,000 $186,667 $0 0.00%
    Refi 108 $16,510,000 $152,870 $0 0.00%
    Other 20 $510,000 $25,500 $0 0.00%
    Cash Out Refi 13 $1,555,000 $119,615 $0 0.00%
    Home Improvement 11 $775,000 $70,455 $0 0.00%

    For 2018, First State Bank Nebraska's most frequently cited loan purpose was Home Purchase, with 108 originations. The 2nd most popular reason was Refi, with 108 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 260 $39,510,000 $151,962 $0 0.00%

    For 2018, First State Bank Nebraska's most frequently cited loan duration was Other, with 260 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 102 $4,590,000 $45,000 $0 0.00%
    $100k-200k 86 $12,260,000 $142,558 $0 0.00%
    $200k-400k 61 $16,325,000 $267,623 $0 0.00%
    $400k-600k 7 $3,095,000 $442,143 $0 0.00%
    $600k-1MM 3 $2,035,000 $678,333 $0 0.00%
    $1MM+ 1 $1,205,000 $1,205,000 $0 0.00%

    2018 saw First State Bank Nebraska place emphasis on $100,000 or less loans with 102 originations, totaling $4,590,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 48 $6,950,000 $144,792 $0 0.00%
    $50k or less 46 $4,130,000 $89,783 $0 0.00%
    $100k-150k 42 $6,320,000 $150,476 $0 0.00%
    $50k-75k 31 $3,265,000 $105,323 $0 0.00%
    $150k-250k 30 $6,360,000 $212,000 $0 0.00%
    $250k+ 22 $6,760,000 $307,273 $0 0.00%

    First State Bank Nebraska lent most frequently to those with incomes in the $75k-100k range, with 48 originations. The second most popular income band? $50k or less, with 46 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 260 $39,510,000 $151,962 $0 0.00%

    First State Bank Nebraska lent most frequently to those with DTI ratios of Exempt%, with 260 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 195 $28,115,000 $144,179 $0 0.00%
    Not provided 27 $5,755,000 $213,148 $0 0.00%
    Not applicable 38 $5,640,000 $148,421 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.13%

    First State Bank Nebraska 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
    88.85%

    First State Bank Nebraska has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 260 $39,510,000 $151,962

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 12 $1,890,000 $157,500
    Single Family (1-4 Units):Manufactured 2 $90,000 $45,000
    Single Family (1-4 Units):Site-Built 246 $37,530,000 $152,561

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    FIRST HORIZON BANK Conventional home mortgage Struggling to pay mortgage 3 21.4%
    FIRST HORIZON BANK FHA mortgage Trouble during payment process 1 7.1%
    FIRST HORIZON BANK Other type of mortgage Trouble during payment process 1 7.1%
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Trouble during payment process 1 7.1%
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Problem with a credit reporting company's investigation into an existing problem 1 7.1%
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Incorrect information on your report 1 7.1%
    FIRST HORIZON BANK Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 7.1%
    FIRST HORIZON BANK Conventional home mortgage Trouble during payment process 5 35.7%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    First State Bank Nebraska 104 N West Avenue Western, NE 68464 Full Service B&M $9,883
    First State Bank Nebraska 111 Livingston St Filley, NE 68357 Full Service B&M $21,087
    First State Bank Nebraska 13900 Guildford Street Waverly, NE 68462 Full Service B&M $23,656
    First State Bank Nebraska 203 West Third Wilber, NE 68465 Full Service B&M $58,494
    First State Bank Nebraska 221 Austin St Pickrell, NE 68422 Full Service B&M $15,853
    First State Bank Nebraska 223 W 4th St Cortland, NE 68331 Full Service B&M $5,510
    First State Bank Nebraska 2701 Grainger Parkway Lincoln, NE 68516 Full Service B&M $67,613
    First State Bank Nebraska 300 Main Street Hallam, NE 68368 Full Service B&M $9,918
    First State Bank Nebraska 305 Main Street Firth, NE 68358 Full Service B&M $2,576
    First State Bank Nebraska 307 East Fillmore Avenue De Witt, NE 68341 Full Service B&M $16,728
    First State Bank Nebraska 4915 Old Cheney Road Lincoln, NE 68516 Full Service B&M $34,717
    First State Bank Nebraska 515 Second Street Yutan, NE 68073 Full Service B&M $27,555
    First State Bank Nebraska 560 Sargent St Beatrice, NE 68310 Full Service B&M $13,240
    First State Bank Nebraska 611 Washington Dorchester, NE 68343 Full Service B&M $15,525
    First State Bank Nebraska 655 Chestnut Street Hickman, NE 68372 Full Service B&M $66,873

    For 2018, First State Bank Nebraska had 15 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $22,520
    Net interest income $17,690
    Total noninterest income $2,108
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $778
    Trading account gains and fees $0
    Additional Noninterest Income $1,330
    Pre-tax net operating income $6,444
    Securities gains (or losses, -) $-3
    Income before extraordinary items $6,262
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $6,262
    Minority interest net income $0
    Net income $6,262
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $6,264

    First State Bank Nebraska's gross interest income from loans was $22,520,000.
    First State Bank Nebraska's net interest income from loans was $17,690,000.
    First State Bank Nebraska's fee based income from loans was $778,000.
    First State Bank Nebraska's net income from loans was $6,262,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,830
    Provision for credit losses $642
    Total noninterest expense $12,712
    Salaries and employee benefits $7,386
    Premises and equipment expense $1,510
    Additional noninterest expense $3,816
    Applicable income taxes $179
    Net charge-offs $178
    Cash dividends $4,502

    First State Bank Nebraska's interest expense for loans was $4,830,000.
    First State Bank Nebraska's payroll and benefits expense were $7,386,000.
    First State Bank Nebraska's property, plant and equipment expenses $1,510,000.

    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 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 $434,141
    Deposits held in domestic offices $434,141
    Deposits by Individuals, partnerships, and corporations $343,544
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $46,466
    Deposits by Commercial banks and other depository institutions in U.S. $44,131
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $171,368
    Demand deposits $63,240
    Nontransaction accounts $262,773
    Money market deposit accounts (MMDAs) $49,302
    Other savings deposits (excluding MMDAs) $70,083
    Total time deposits $143,390
    Total time and savings deposits $370,901
    Noninterest-bearing deposits $63,240
    Interest-bearing deposits $370,901
    Retail deposits $410,477
    IRAs and Keogh plan accounts $16,161
    Brokered deposits $18,164
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $563,681
    Cash & Balances due from depository institutions $19,875
    Interest-bearing balances $11,101
    Total securities $66,105
    Federal funds sold & reverse repurchase $0
    Net loans and leases $429,617
    Loan and leases loss allowance $4,981
    Trading account assets $0
    Bank premises and fixed assets $9,776
    Other real estate owned $0
    Goodwill and other intangibles $11,813
    All other assets $26,495

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $563,681
    Total Liabilities $504,532
    Total deposits $434,141
    Interest-bearing deposits $370,901
    Deposits held in domestic offices $434,141
    % insured (estimated) $82
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $68,665
    Subordinated debt $0
    All other liabilities $1,726

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $429,617
    Loan and leases loss allowance $4,981
    Total loans and leases (domestic) $434,598
    All real estate loans $320,493
    Real estate loans in domestic offices $320,493
    Construction and development loans $4,416
    Residential 1-4 family construction $1,637
    Other construction, all land development and other land $2,779
    Loans secured by nonfarm nonresidential properties $91,932
    Nonfarm nonresidential secured by owner-occupied properties $54,588
    Commercial real estate & other non-farm, non-residential $37,344
    Multifamily residential real estate $1,251
    1-4 family residential loans $81,320
    Farmland loans $141,574
    Loans held in foreign offices $0
    Farm loans $49,937
    Commercial and industrial loans $55,299
    To non-U.S. addressees $0
    Loans to individuals $8,082
    Credit card loans $0
    Related Plans $73
    Consumer Auto Loans $4,614
    Other loans to individuals $3,395
    All other loans & leases $787
    Loans to foreign governments and official institutions $0
    Other loans $111
    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 $226
    Non 1-4 family restructured loans & leases $226
    Total loans and leases (foreign) $0

    First State Bank Nebraska had $429,617,000 of loans outstanding in 2018. $320,493,000 of loans were in real estate loans. $4,416,000 of loans were in development loans. $1,251,000 of loans were in multifamily mortgage loans. $81,320,000 of loans were in 1-4 family mortgage loans. $49,937,000 of loans were in farm loans. $0 of loans were in credit card loans. $4,614,000 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 262 $37,255 $142,195
    Nonfarm, nonresidential loans - <$100k 118 $4,281 $36,280
    Nonfarm, nonresidential loans - $100-250k 84 $10,772 $128,238
    Nonfarm, nonresidential loans - $250k-1MM 60 $22,202 $370,033
    Commercial & Industrial, US addressed loans - <$1MM 478 $32,754 $68,523
    Commercial & Industrial, US addressed loans - <$100k 350 $7,196 $20,560
    Commercial & Industrial, US addressed loans - $100-250k 65 $7,084 $108,985
    Commercial & Industrial, US addressed loans - $250k-1MM 63 $18,474 $293,238
    Farmland loans - <$1MM 510 $59,328 $116,329
    Farmland loans - <$100k 192 $6,758 $35,198
    Farmland loans - $100-250k 209 $24,959 $119,421
    Farmland loans - $250k-1MM 109 $27,611 $253,312
    Agriculture operations loans - <$1MM 571 $29,151 $51,053
    Agriculture operations loans - <$100k 420 $9,701 $23,098
    Agriculture operations loans - $100-250k 102 $9,829 $96,363
    Agriculture operations loans - $250k-1MM 49 $9,621 $196,347