First Bank Of Berne Mortgage Rates, Fees & Info

Berne, IN

LEI: 549300H3YPB6EJ1RV917

Tax ID: 35-0309560

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

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  • SimulatedRates™
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    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    First Bank Of Berne is a smaller bank specializing in Home Purchase and Refi loans. First Bank Of Berne has a high proportion of conventional loans. Their top markets by origination volume include: Decatur, Bluffton, Fort Wayne, Celina, and Van Wert among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)

    First Bank Of Berne 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. First Bank Of Berne 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 7.30% 4/21/24
    30 Year Conventional Refi 7.78% 4/21/24
    30 Year Cash-out Refi 6.85% 4/21/24
    15 Year Conventional Purchase 6.71% 4/21/24
    15 Year Conventional Refi 6.72% 4/21/24
    15 Year Cash-out Refi 6.72% 4/21/24
    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 Bank Of Berne Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from First Bank Of Berne. 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

    434

    Origination Dollar Volume (All Markets)

    $64,080,000

    Employee count

    109 Show all (5) 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
    Decatur, IN (FHA|USDA|VA) 160 $22,300,000 $139,375 $2,082 3.16%
    Bluffton, IN (FHA|USDA|VA) 83 $14,675,000 $176,807 $2,021 3.19%
    Outside of Metro Areas 89 $11,095,000 $124,663 $2,054 3.38%
    FORT WAYNE, IN (FHA|USDA|VA) 19 $5,665,000 $298,158 $2,183 3.47%
    Celina, OH (FHA|USDA|VA) 18 $2,930,000 $162,778 $2,180 3.46%
    Van Wert, OH (FHA|USDA|VA) 28 $2,910,000 $103,929 $2,668 3.41%
    KOKOMO, IN (FHA|USDA|VA) 8 $1,280,000 $160,000 $2,632 3.19%
    Peru, IN (FHA|USDA|VA) 11 $1,025,000 $93,182 $2,362 3.33%
    Huntington, IN (FHA|USDA|VA) 4 $550,000 $137,500 $1,780 3.47%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $415,000 $415,000 $2,738 3.13%
    MUNCIE, IN (FHA|USDA|VA) 4 $360,000 $90,000 $2,878 3.70%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 3 $335,000 $111,667 $2,134 3.29%
    Angola, IN (FHA|USDA|VA) 1 $175,000 $175,000 $0 4.46%
    Wabash, IN (FHA|USDA|VA) 2 $140,000 $70,000 $1,732 2.94%
    Warsaw, IN (FHA|USDA|VA) 1 $85,000 $85,000 $1,983 3.50%
    Kendallville, IN (FHA|USDA|VA) 1 $85,000 $85,000 $1,909 3.50%
    New Castle, IN (FHA|USDA|VA) 1 $55,000 $55,000 $2,153 3.50%
    First Bank Of Berne's top markets include Decatur, Bluffton, Fort Wayne, Celina, and Van Wert among others.

    Their top states include:
  • Indiana (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)

    • Similar Lenders

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

    ProFed Federal Credit Union
    Similarity Rank: 240
    MIDWEST AMERICA
    Similarity Rank: 286
    MYCUMORTGAGE, LLC
    Similarity Rank: 381
    The Citizens National Bank of Bluffton
    Similarity Rank: 517
    The Union Bank Company
    Similarity Rank: 609
    First Bank of Berne
    Similarity Rank: 646
    The Farmers & Merchants State Bank
    Similarity Rank: 931
    Superior Credit Union, Inc.
    Similarity Rank: 994
    The Park National Bank
    Similarity Rank: 1062
    CALIBER HOME LOANS, INC.
    Similarity Rank: 1818

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 434 $64,080,000 $147,650 $2,129 3.27%

    For 2021, First Bank Of Berne's most frequently originated type of loan was Conventional, with 434 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 172 $30,050,000 $174,709 $1,947 3.55%
    Refi 154 $21,880,000 $142,078 $1,890 3.14%
    Cash Out Refi 90 $10,390,000 $115,444 $2,792 2.92%
    Home Improvement 11 $965,000 $87,727 $1,898 3.74%
    Other 7 $795,000 $113,571 $2,594 3.14%

    For 2021, First Bank Of Berne's most frequently cited loan purpose was Home Purchase, with 172 originations. The 2nd most popular reason was Refi, with 154 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 192 $30,180,000 $157,188 $2,077 3.40%
    15 Year 152 $21,420,000 $140,921 $2,178 3.04%
    20 Year 41 $7,955,000 $194,024 $2,367 3.49%
    10 Year 36 $2,790,000 $77,500 $2,065 2.99%
    Other 8 $1,530,000 $191,250 $2,170 3.41%
    5 Year 3 $55,000 $18,333 $1,263 4.92%
    1 Year 2 $150,000 $75,000 $0 4.75%

    For 2021, First Bank Of Berne's most frequently cited loan duration was 30 Year, with 192 originations. The 2nd most popular length was 15 Year, with 152 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 187 $22,585,000 $120,775
    $<1k 175 $26,645,000 $152,257
    $2k-3k 27 $4,535,000 $167,963
    $3k-4k 4 $790,000 $197,500

    First Bank Of Berne's average total fees were $2,077, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 187 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 223 $35,775,000 $160,426
    2.5-3% 127 $15,855,000 $124,843
    <2.5% 44 $5,050,000 $114,773
    4-5% 35 $6,945,000 $198,429
    6-7% 3 $135,000 $45,000
    5-6% 2 $320,000 $160,000

    During 2021, First Bank Of Berne's average interest rate for loans was 3.40%, while their most frequently originated rate bucket for loans was 3-4%, with 223 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 178 $11,920,000 $66,966 $2,094 3.26%
    $100k-200k 166 $22,730,000 $136,928 $2,210 3.18%
    $200k-400k 74 $19,880,000 $268,649 $2,015 3.41%
    $400k-600k 12 $5,660,000 $471,667 $1,951 3.61%
    $1MM+ 2 $2,520,000 $1,260,000 $0 4.10%
    $600k-1MM 2 $1,370,000 $685,000 $3,116 3.50%

    2021 saw First Bank Of Berne place emphasis on $100,000 or less loans with 178 originations, totaling $11,920,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 158 $15,990,000 $101,203 $2,133 3.25%
    $50k-75k 103 $12,975,000 $125,971 $2,205 3.16%
    $75k-100k 64 $10,660,000 $166,563 $2,176 3.20%
    $100k-150k 39 $6,775,000 $173,718 $2,158 3.10%
    $150k-250k 23 $5,655,000 $245,870 $2,274 3.25%
    $250k+ 6 $1,540,000 $256,667 $1,652 3.15%

    First Bank Of Berne lent most frequently to those with incomes in the $50k or less range, with 158 originations. The second most popular income band? $50k-75k, with 103 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 112 $15,580,000 $139,107 $2,144 3.16%
    <20% 90 $10,120,000 $112,444 $2,064 3.02%
    30-36% 83 $12,545,000 $151,145 $2,239 3.22%
    36% 14 $1,560,000 $111,429 $2,183 3.17%
    41% 9 $1,055,000 $117,222 $2,132 3.19%
    48% 9 $1,455,000 $161,667 $2,213 3.24%
    40% 9 $1,175,000 $130,556 $2,426 3.07%
    37% 8 $1,200,000 $150,000 $1,770 3.11%
    50-60% 7 $855,000 $122,143 $1,849 2.96%
    39% 7 $785,000 $112,143 $1,919 3.07%
    42% 6 $770,000 $128,333 $1,805 3.27%
    38% 6 $860,000 $143,333 $1,524 3.79%
    44% 6 $1,190,000 $198,333 $2,494 3.02%
    45% 6 $780,000 $130,000 $2,176 3.04%
    46% 5 $655,000 $131,000 $2,226 2.95%
    43% 4 $690,000 $172,500 $3,032 3.06%
    >60% 2 $300,000 $150,000 $1,983 3.56%
    47% 1 $195,000 $195,000 $2,051 2.88%
    49% 1 $215,000 $215,000 $3,415 2.50%

    First Bank Of Berne lent most frequently to those with DTI ratios of 20-30%, with 112 originations. The next most common DTI ratio? <20%, with 90 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 392 $54,200,000 $138,265 $2,133 3.20%
    Not applicable 23 $7,585,000 $329,783 $0 4.29%
    Not provided 17 $2,175,000 $127,941 $2,063 3.34%
    Black 2 $120,000 $60,000 $2,052 3.97%

    Approval Rates

    Total approvals of all applications
    91.44%

    First Bank Of Berne has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.86%

    First Bank Of Berne has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 434 $64,080,000 $147,650

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    434 $64,080,000 $147,650

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 41 $4,635,000 $113,049 $2,090 3.01%
    40-60% 113 $15,665,000 $138,628 $2,176 3.10%
    60-80% 187 $29,665,000 $158,636 $2,244 3.35%
    80-100% 82 $13,450,000 $164,024 $1,900 3.41%
    Under 20% 11 $665,000 $60,455 $1,707 3.50%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    FIRST NATIONAL BANK OF OMAHA Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 25.0%
    FIRST NATIONAL BANK OF OMAHA Other type of mortgage Struggling to pay mortgage 1 25.0%
    FIRST NATIONAL BANK OF OMAHA FHA mortgage Improper use of your report 1 25.0%
    FIRST NATIONAL BANK OF OMAHA Conventional home mortgage Trouble during payment process 1 25.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    First Bank of Berne 102 Christopher Crossing Van Wert, OH 45891 Full Service B&M $49,383
    First Bank of Berne 1105 Us Highway 27 N Berne, IN 46711 Full Service B&M $289,045
    First Bank of Berne 1111 South 13th Street Decatur, IN 46733 Full Service B&M $173,551
    First Bank of Berne 1350 West Main Street Berne, IN 46711 Limited, Mobile/Seasonal Office $0
    First Bank of Berne 185 Industrial Drive Portland, IN 47371 Full Service B&M $82,810
    First Bank of Berne 1936 South Dixon Road Kokomo, IN 46902 Full Service B&M $18,147
    First Bank of Berne 222 Heritage Trail Berne, IN 46711 Full Service B&M $0
    First Bank of Berne 404 North Main Street Bluffton, IN 46714 Full Service B&M $142,345
    First Bank of Berne 915 W Main St Peru, IN 46970 Full Service B&M $83,052

    For 2021, First Bank Of Berne had 9 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $32,294
    Net interest income $30,064
    Total noninterest income $7,351
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,627
    Trading account gains and fees $0
    Additional Noninterest Income $5,724
    Pre-tax net operating income $19,319
    Securities gains (or losses, -) $0
    Income before extraordinary items $19,319
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $19,319
    Minority interest net income $0
    Net income $19,319
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $19,319

    First Bank Of Berne's gross interest income from loans was $32,294,000.
    First Bank Of Berne's net interest income from loans was $30,064,000.
    First Bank Of Berne's fee based income from loans was $1,627,000.
    First Bank Of Berne's net income from loans was $19,319,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,230
    Provision for credit losses $480
    Total noninterest expense $17,616
    Salaries and employee benefits $9,413
    Premises and equipment expense $1,637
    Additional noninterest expense $6,566
    Applicable income taxes $0
    Net charge-offs $40
    Cash dividends $9,800

    First Bank Of Berne's interest expense for loans was $2,230,000.
    First Bank Of Berne's payroll and benefits expense were $9,413,000.
    First Bank Of Berne's property, plant and equipment expenses $1,637,000.

    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 1.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    Commercial & industrial loans 0.0%
    Personal loans 1.0%
    Credit card loans 0.0%
    Other individual loans 1.0%
    Auto loans 1.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $939,938
    Deposits held in domestic offices $939,938
    Deposits by Individuals, partnerships, and corporations $678,782
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $261,157
    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 $341,307
    Demand deposits $177,581
    Nontransaction accounts $598,632
    Money market deposit accounts (MMDAs) $241,227
    Other savings deposits (excluding MMDAs) $323,113
    Total time deposits $34,292
    Total time and savings deposits $762,358
    Noninterest-bearing deposits $177,581
    Interest-bearing deposits $762,357
    Retail deposits $938,548
    IRAs and Keogh plan accounts $11,921
    Brokered deposits $1
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,083,278
    Cash & Balances due from depository institutions $79,492
    Interest-bearing balances $70,776
    Total securities $326,287
    Federal funds sold & reverse repurchase $0
    Net loans and leases $642,131
    Loan and leases loss allowance $8,807
    Trading account assets $0
    Bank premises and fixed assets $10,387
    Other real estate owned $0
    Goodwill and other intangibles $697
    All other assets $24,284

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,083,278
    Total Liabilities $992,159
    Total deposits $939,938
    Interest-bearing deposits $762,357
    Deposits held in domestic offices $939,938
    % insured (estimated) $59
    Federal funds purchased and repurchase agreements $11,173
    Trading liabilities $0
    Other borrowed funds $35,000
    Subordinated debt $0
    All other liabilities $6,048

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $642,131
    Loan and leases loss allowance $8,807
    Total loans and leases (domestic) $650,938
    All real estate loans $559,899
    Real estate loans in domestic offices $559,899
    Construction and development loans $25,763
    Residential 1-4 family construction $13,933
    Other construction, all land development and other land $11,830
    Loans secured by nonfarm nonresidential properties $54,845
    Nonfarm nonresidential secured by owner-occupied properties $34,307
    Commercial real estate & other non-farm, non-residential $20,538
    Multifamily residential real estate $16,727
    1-4 family residential loans $163,230
    Farmland loans $299,334
    Loans held in foreign offices $0
    Farm loans $26,897
    Commercial and industrial loans $40,682
    To non-U.S. addressees $0
    Loans to individuals $7,169
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $3,799
    Other loans to individuals $3,370
    All other loans & leases $17,075
    Loans to foreign governments and official institutions $0
    Other loans $571
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $359
    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 Bank of Berne had $642,131,000 of loans outstanding in 2021. $559,899,000 of loans were in real estate loans. $25,763,000 of loans were in development loans. $16,727,000 of loans were in multifamily mortgage loans. $163,230,000 of loans were in 1-4 family mortgage loans. $26,897,000 of loans were in farm loans. $0 of loans were in credit card loans. $3,799,000 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 250 $32,320 $129,280
    Nonfarm, nonresidential loans - <$100k 101 $3,565 $35,297
    Nonfarm, nonresidential loans - $100-250k 71 $6,629 $93,366
    Nonfarm, nonresidential loans - $250k-1MM 78 $22,126 $283,667
    Commercial & Industrial, US addressed loans - <$1MM 689 $30,705 $44,565
    Commercial & Industrial, US addressed loans - <$100k 536 $12,214 $22,787
    Commercial & Industrial, US addressed loans - $100-250k 102 $9,417 $92,324
    Commercial & Industrial, US addressed loans - $250k-1MM 51 $9,074 $177,922
    Farmland loans - <$1MM 1,065 $141,570 $132,930
    Farmland loans - <$100k 319 $10,673 $33,458
    Farmland loans - $100-250k 453 $54,096 $119,417
    Farmland loans - $250k-1MM 293 $76,801 $262,119
    Agriculture operations loans - <$1MM 495 $20,800 $42,020
    Agriculture operations loans - <$100k 375 $8,092 $21,579
    Agriculture operations loans - $100-250k 79 $5,986 $75,772
    Agriculture operations loans - $250k-1MM 41 $6,722 $163,951