Flint Community Bank Mortgage Rates, Fees & Info

Albany, GA

LEI: 549300KEFLY2A00BLQ60

Tax ID: 20-3894060

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Flint Community Bank is a smaller bank specializing in Refi and Home Purchase loans. Flint Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: Albany, Panama City, Cordele, Bainbridge, and Atlanta among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Flint Community Bank has an above average approval rate when compared to the average across all 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.

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    Originations

    109

    Origination Dollar Volume (All Markets)

    $17,665,000

    Employee count

    40

    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
    ALBANY, GA (FHA|USDA|VA) 95 $14,505,000 $152,684 $0 0.00%
    PANAMA CITY, FL (FHA|USDA|VA) 6 $1,890,000 $315,000 $0 0.00%
    Cordele, GA (FHA|USDA|VA) 1 $435,000 $435,000 $0 0.00%
    Bainbridge, GA (FHA|USDA|VA) 1 $355,000 $355,000 $0 0.00%
    Outside of Metro Areas 4 $240,000 $60,000 $0 0.00%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
    Americus, GA (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
    Flint Community Bank's top markets include Albany, Panama City, Cordele, Bainbridge, and Atlanta among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 109 $17,665,000 $162,064 $0 0.00%

    For 2018, Flint Community Bank's most frequently originated type of loan was Conventional, with 109 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 73 $13,135,000 $179,932 $0 0.00%
    Home Purchase 29 $4,165,000 $143,621 $0 0.00%
    Cash Out Refi 3 $195,000 $65,000 $0 0.00%
    Home Improvement 2 $80,000 $40,000 $0 0.00%
    Other 2 $90,000 $45,000 $0 0.00%

    For 2018, Flint Community Bank's most frequently cited loan purpose was Refi, with 73 originations. The 2nd most popular reason was Home Purchase, with 29 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 109 $17,665,000 $162,064 $0 0.00%

    For 2018, Flint Community Bank's most frequently cited loan duration was Other, with 109 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 55 $2,885,000 $52,455 $0 0.00%
    $100k-200k 31 $4,255,000 $137,258 $0 0.00%
    $200k-400k 10 $2,760,000 $276,000 $0 0.00%
    $400k-600k 8 $3,490,000 $436,250 $0 0.00%
    $600k-1MM 5 $4,275,000 $855,000 $0 0.00%

    2018 saw Flint Community Bank place emphasis on $100,000 or less loans with 55 originations, totaling $2,885,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 13 $1,505,000 $115,769 $0 0.00%
    $250k+ 12 $2,600,000 $216,667 $0 0.00%
    $150k-250k 11 $1,295,000 $117,727 $0 0.00%
    $50k or less 7 $405,000 $57,857 $0 0.00%
    $50k-75k 5 $445,000 $89,000 $0 0.00%
    $75k-100k 2 $190,000 $95,000 $0 0.00%

    Flint Community Bank lent most frequently to those with incomes in the $100k-150k range, with 13 originations. The second most popular income band? $250k+, with 12 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 109 $17,665,000 $162,064 $0 0.00%

    Flint Community Bank lent most frequently to those with DTI ratios of Exempt%, with 109 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 57 $11,085,000 $194,474 $0 0.00%
    White 41 $5,435,000 $132,561 $0 0.00%
    Black 10 $910,000 $91,000 $0 0.00%
    Asian 1 $235,000 $235,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    100.00%

    Flint Community 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

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 109 $17,665,000 $162,064

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 3 $565,000 $188,333
    Single Family (1-4 Units):Manufactured 3 $185,000 $61,667
    Single Family (1-4 Units):Site-Built 103 $16,915,000 $164,223

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Flint Community Bank 2910 Meredyth Drive Albany, GA 31721 Full Service B&M $187,543

    For 2018, Flint Community Bank had 1 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $9,985
    Net interest income $8,166
    Total noninterest income $1,746
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $234
    Trading account gains and fees $0
    Additional Noninterest Income $1,512
    Pre-tax net operating income $3,534
    Securities gains (or losses, -) $0
    Income before extraordinary items $3,533
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,533
    Minority interest net income $0
    Net income $3,533
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,533

    Flint Community Bank's gross interest income from loans was $9,985,000.
    Flint Community Bank's net interest income from loans was $8,166,000.
    Flint Community Bank's fee based income from loans was $234,000.
    Flint Community Bank's net income from loans was $3,533,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,819
    Provision for credit losses $340
    Total noninterest expense $6,038
    Salaries and employee benefits $3,835
    Premises and equipment expense $506
    Additional noninterest expense $1,697
    Applicable income taxes $1
    Net charge-offs $755
    Cash dividends $2,320

    Flint Community Bank's interest expense for loans was $1,819,000.
    Flint Community Bank's payroll and benefits expense were $3,835,000.
    Flint Community Bank's property, plant and equipment expenses $506,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 2.0%
    Real Estate loans 2.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 6.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 2.0%
    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 $192,427
    Deposits held in domestic offices $192,427
    Deposits by Individuals, partnerships, and corporations $184,964
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $0
    Deposits by Commercial banks and other depository institutions in U.S. $7,463
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $68,357
    Demand deposits $41,252
    Nontransaction accounts $124,070
    Money market deposit accounts (MMDAs) $58,221
    Other savings deposits (excluding MMDAs) $8,309
    Total time deposits $57,539
    Total time and savings deposits $151,175
    Noninterest-bearing deposits $41,252
    Interest-bearing deposits $151,175
    Retail deposits $172,232
    IRAs and Keogh plan accounts $5,640
    Brokered deposits $8,581
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $223,276
    Cash & Balances due from depository institutions $21,089
    Interest-bearing balances $17,012
    Total securities $5,483
    Federal funds sold & reverse repurchase $725
    Net loans and leases $185,619
    Loan and leases loss allowance $1,569
    Trading account assets $0
    Bank premises and fixed assets $4,465
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $5,895

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $223,276
    Total Liabilities $203,788
    Total deposits $192,427
    Interest-bearing deposits $151,175
    Deposits held in domestic offices $192,427
    % insured (estimated) $78
    Federal funds purchased and repurchase agreements $446
    Trading liabilities $0
    Other borrowed funds $10,000
    Subordinated debt $0
    All other liabilities $915

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $185,619
    Loan and leases loss allowance $1,569
    Total loans and leases (domestic) $187,188
    All real estate loans $165,757
    Real estate loans in domestic offices $165,757
    Construction and development loans $13,610
    Residential 1-4 family construction $6,170
    Other construction, all land development and other land $7,440
    Loans secured by nonfarm nonresidential properties $63,802
    Nonfarm nonresidential secured by owner-occupied properties $45,827
    Commercial real estate & other non-farm, non-residential $17,975
    Multifamily residential real estate $4,029
    1-4 family residential loans $72,441
    Farmland loans $11,875
    Loans held in foreign offices $0
    Farm loans $25
    Commercial and industrial loans $16,839
    To non-U.S. addressees $0
    Loans to individuals $3,169
    Credit card loans $0
    Related Plans $403
    Consumer Auto Loans $768
    Other loans to individuals $1,998
    All other loans & leases $1,398
    Loans to foreign governments and official institutions $0
    Other loans $1,398
    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 $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Flint Community Bank had $185,619,000 of loans outstanding in 2018. $165,757,000 of loans were in real estate loans. $13,610,000 of loans were in development loans. $4,029,000 of loans were in multifamily mortgage loans. $72,441,000 of loans were in 1-4 family mortgage loans. $25,000 of loans were in farm loans. $0 of loans were in credit card loans. $768,000 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 102 $22,977 $225,265
    Nonfarm, nonresidential loans - <$100k 18 $663 $36,833
    Nonfarm, nonresidential loans - $100-250k 29 $2,905 $100,172
    Nonfarm, nonresidential loans - $250k-1MM 55 $19,409 $352,891
    Commercial & Industrial, US addressed loans - <$1MM 149 $11,118 $74,617
    Commercial & Industrial, US addressed loans - <$100k 90 $1,172 $13,022
    Commercial & Industrial, US addressed loans - $100-250k 27 $2,219 $82,185
    Commercial & Industrial, US addressed loans - $250k-1MM 32 $7,727 $241,469
    Farmland loans - <$1MM 25 $3,644 $145,760
    Farmland loans - <$100k 6 $214 $35,667
    Farmland loans - $100-250k 6 $471 $78,500
    Farmland loans - $250k-1MM 13 $2,959 $227,615
    Agriculture operations loans - <$1MM 1 $25 $25,000
    Agriculture operations loans - <$100k 1 $25 $25,000