First National Bank Mortgage Rates, Fees & Info
Ruston, LALEI: 549300IFU5D50EZHEU18
Tax ID: 72-0185280
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Mortgage Data
Bank Data
Review & Overview
First National Bank is a smaller bank specializing in Refi and Home Purchase loans. First National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Ruston, Monroe, Shreveport, Nashville, and New Orleans among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)First National Bank 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
204Origination Dollar Volume (All Markets)
$30,310,000Employee count
76Top 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 |
|---|---|---|---|---|---|
| Ruston, LA (FHA|USDA|VA) | 78 | $15,050,000 | $192,949 | $0 | 0.00% |
| MONROE, LA (FHA|USDA|VA) | 84 | $9,610,000 | $114,405 | $0 | 0.00% |
| Outside of Metro Areas | 25 | $2,265,000 | $90,600 | $0 | 0.00% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 10 | $860,000 | $86,000 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $795,000 | $795,000 | $0 | 0.00% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $0 | 0.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| Minden, LA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 204 | $30,310,000 | $148,578 | $0 | 0.00% |
For 2018, First National Bank's most frequently originated type of loan was Conventional, with 204 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 138 | $20,370,000 | $147,609 | $0 | 0.00% |
| Home Purchase | 59 | $9,795,000 | $166,017 | $0 | 0.00% |
| Home Improvement | 7 | $145,000 | $20,714 | $0 | 0.00% |
For 2018, First National Bank's most frequently cited loan purpose was Refi, with 138 originations. The 2nd most popular reason was Home Purchase, with 59 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 204 | $30,310,000 | $148,578 | $0 | 0.00% |
For 2018, First National Bank's most frequently cited loan duration was Other, with 204 originations.
Loan Sizing
2018 saw First National Bank place emphasis on $100,000 or less loans with 130 originations, totaling $5,760,000 in origination value.
Applicant Income
First National Bank lent most frequently to those with incomes in the $50k or less range, with 20 originations. The second most popular income band? $250k+, with 18 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 204 | $30,310,000 | $148,578 | $0 | 0.00% |
First National Bank lent most frequently to those with DTI ratios of Exempt%, with 204 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.22%
First National 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 origination82.84%
First National Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 204 | $30,310,000 | $148,578 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST NATIONAL BANK OF OMAHA | Conventional home mortgage | Struggling to pay mortgage | 1 | 50.0% |
| FIRST NATIONAL BANK OF OMAHA | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 1 | 50.0% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| First National Bank | 1001 N. 18th Street Monroe, LA 71201 | Full Service B&M | $18,497 |
| First National Bank | 1890 North Railroad Avenue Arcadia, LA 71001 | Full Service Cyber Office | $0 |
| First National Bank | 1890 North Railroad Avenue Arcadia, LA 71001 | Full Service B&M | $72,390 |
| First National Bank | 2001 North Trenton Ruston, LA 71270 | Full Service B&M | $59,700 |
| First National Bank | 212 W Alabama Ave Ruston, LA 71270 | Full Service B&M | $23,452 |
| First National Bank | 2201 Farmerville Highway Ruston, LA 71270 | Full Service B&M | $5,462 |
| First National Bank | 310 East Water Farmerville, LA 71241 | Full Service B&M | $26,774 |
| First National Bank | 3510 Cypress Street West Monroe, LA 71291 | Full Service B&M | $28,684 |
For 2018, First National Bank had 8 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $14,060 |
| Net interest income | $12,934 |
| Total noninterest income | $2,467 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $1,241 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $1,226 |
| Pre-tax net operating income | $4,808 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $4,808 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $4,808 |
| Minority interest net income | $0 |
| Net income | $4,808 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $4,808 |
First National Bank's gross interest income from loans was $14,060,000.
First National Bank's net interest income from loans was $12,934,000.
First National Bank's fee based income from loans was $1,241,000.
First National Bank's net income from loans was $4,808,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $1,126 |
| Provision for credit losses | $200 |
| Total noninterest expense | $10,393 |
| Salaries and employee benefits | $5,799 |
| Premises and equipment expense | $1,503 |
| Additional noninterest expense | $3,091 |
| Applicable income taxes | $0 |
| Net charge-offs | $99 |
| Cash dividends | $2,570 |
First National Bank's interest expense for loans was $1,126,000.
First National Bank's payroll and benefits expense were $5,799,000.
First National Bank's property, plant and equipment expenses $1,503,000.
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 | 3.0% |
| Personal loans | 0.0% |
| Credit card loans | 0.0% |
| Other individual loans | 0.0% |
| Auto loans | 1.0% |
| Other consumer loans | 0.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $219,740 |
| Deposits held in domestic offices | $219,740 |
| Deposits by Individuals, partnerships, and corporations | $189,765 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $28,707 |
| Deposits by Commercial banks and other depository institutions in U.S. | $1,268 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $21,644 |
| Demand deposits | $16,065 |
| Nontransaction accounts | $198,096 |
| Money market deposit accounts (MMDAs) | $8,873 |
| Other savings deposits (excluding MMDAs) | $138,382 |
| Total time deposits | $50,842 |
| Total time and savings deposits | $203,675 |
| Noninterest-bearing deposits | $51,230 |
| Interest-bearing deposits | $168,510 |
| Retail deposits | $208,385 |
| IRAs and Keogh plan accounts | $2,674 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $247,353 |
| Cash & Balances due from depository institutions | $7,620 |
| Interest-bearing balances | $3,135 |
| Total securities | $5,847 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $209,838 |
| Loan and leases loss allowance | $2,561 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $16,019 |
| Other real estate owned | $358 |
| Goodwill and other intangibles | $138 |
| All other assets | $7,533 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $247,353 |
| Total Liabilities | $223,801 |
| Total deposits | $219,740 |
| Interest-bearing deposits | $168,510 |
| Deposits held in domestic offices | $219,740 |
| % insured (estimated) | $83 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $1,017 |
| Subordinated debt | $0 |
| All other liabilities | $3,044 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $209,838 |
| Loan and leases loss allowance | $2,561 |
| Total loans and leases (domestic) | $212,399 |
| All real estate loans | $192,815 |
| Real estate loans in domestic offices | $192,815 |
| Construction and development loans | $21,726 |
| Residential 1-4 family construction | $5,259 |
| Other construction, all land development and other land | $16,467 |
| Loans secured by nonfarm nonresidential properties | $82,886 |
| Nonfarm nonresidential secured by owner-occupied properties | $42,042 |
| Commercial real estate & other non-farm, non-residential | $40,844 |
| Multifamily residential real estate | $11,204 |
| 1-4 family residential loans | $54,633 |
| Farmland loans | $22,366 |
| Loans held in foreign offices | $0 |
| Farm loans | $73 |
| Commercial and industrial loans | $15,515 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $3,202 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $989 |
| Other loans to individuals | $2,213 |
| All other loans & leases | $795 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $699 |
| 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 | $1,083 |
| Non 1-4 family restructured loans & leases | $1,083 |
| Total loans and leases (foreign) | $0 |
First National Bank had $209,838,000 of loans outstanding in 2018. $192,815,000 of loans were in real estate loans. $21,726,000 of loans were in development loans. $11,204,000 of loans were in multifamily mortgage loans. $54,633,000 of loans were in 1-4 family mortgage loans. $73,000 of loans were in farm loans. $0 of loans were in credit card loans. $989,000 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 | 225 | $39,836 | $177,049 |
| Nonfarm, nonresidential loans - <$100k | 86 | $3,048 | $35,442 |
| Nonfarm, nonresidential loans - $100-250k | 65 | $8,968 | $137,969 |
| Nonfarm, nonresidential loans - $250k-1MM | 74 | $27,820 | $375,946 |
| Commercial & Industrial, US addressed loans - <$1MM | 275 | $14,142 | $51,425 |
| Commercial & Industrial, US addressed loans - <$100k | 237 | $4,836 | $20,405 |
| Commercial & Industrial, US addressed loans - $100-250k | 23 | $2,593 | $112,739 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 15 | $6,713 | $447,533 |
| Farmland loans - <$1MM | 103 | $8,263 | $80,223 |
| Farmland loans - <$100k | 84 | $2,742 | $32,643 |
| Farmland loans - $250k-1MM | 19 | $5,521 | $290,579 |
| Agriculture operations loans - <$1MM | 9 | $73 | $8,111 |
| Agriculture operations loans - <$100k | 9 | $73 | $8,111 |