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, Sevierville, Atlanta, Panama City, and Moultrie among others. We have data for 6 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. 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.

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    Originations

    131

    Origination Dollar Volume (All Markets)

    $28,365,000

    Employee count

    41

    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) 117 $23,285,000 $199,017 $0 0.00%
    Sevierville, TN (FHA|USDA|VA) 2 $3,290,000 $1,645,000 $0 0.00%
    Outside of Metro Areas 9 $825,000 $91,667 $0 0.00%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $735,000 $735,000 $0 0.00%
    PANAMA CITY, FL (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
    Moultrie, GA (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
    Flint Community Bank's top markets include Albany, Sevierville, Atlanta, Panama City, and Moultrie among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 131 $28,365,000 $216,527 $0 0.00%

    For 2019, Flint Community Bank's most frequently originated type of loan was Conventional, with 131 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 71 $12,815,000 $180,493 $0 0.00%
    Home Purchase 55 $15,275,000 $277,727 $0 0.00%
    Other 2 $70,000 $35,000 $0 0.00%
    Cash Out Refi 2 $190,000 $95,000 $0 0.00%
    Home Improvement 1 $15,000 $15,000 $0 0.00%

    For 2019, Flint Community Bank's most frequently cited loan purpose was Refi, with 71 originations. The 2nd most popular reason was Home Purchase, with 55 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 131 $28,365,000 $216,527 $0 0.00%

    For 2019, Flint Community Bank's most frequently cited loan duration was Other, with 131 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 68 $3,630,000 $53,382 $0 0.00%
    $100k-200k 29 $4,255,000 $146,724 $0 0.00%
    $200k-400k 19 $5,085,000 $267,632 $0 0.00%
    $1MM+ 7 $10,915,000 $1,559,286 $0 0.00%
    $400k-600k 6 $3,000,000 $500,000 $0 0.00%
    $600k-1MM 2 $1,480,000 $740,000 $0 0.00%

    2019 saw Flint Community Bank place emphasis on $100,000 or less loans with 68 originations, totaling $3,630,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 18 $6,340,000 $352,222 $0 0.00%
    $100k-150k 15 $1,205,000 $80,333 $0 0.00%
    $150k-250k 12 $2,200,000 $183,333 $0 0.00%
    $75k-100k 10 $810,000 $81,000 $0 0.00%
    $50k or less 6 $350,000 $58,333 $0 0.00%
    $50k-75k 4 $240,000 $60,000 $0 0.00%

    Flint Community Bank lent most frequently to those with incomes in the $250k+ range, with 18 originations. The second most popular income band? $100k-150k, with 15 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 131 $28,365,000 $216,527 $0 0.00%

    Flint Community Bank lent most frequently to those with DTI ratios of Exempt%, with 131 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 63 $16,955,000 $269,127 $0 0.00%
    White 56 $8,060,000 $143,929 $0 0.00%
    Black 10 $2,600,000 $260,000 $0 0.00%
    Asian Indian 1 $405,000 $405,000 $0 0.00%
    American Indian 1 $345,000 $345,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.43%

    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
    96.95%

    Flint Community Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 131 $28,365,000 $216,527

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 27 $11,685,000 $432,778
    Single Family (1-4 Units):Manufactured 6 $200,000 $33,333
    Single Family (1-4 Units):Site-Built 98 $16,480,000 $168,163

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Flint Community Bank 2910 Meredyth Drive Albany, GA 31721 Full Service B&M $196,376

    For 2019, Flint Community Bank had 1 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $10,959
    Net interest income $8,577
    Total noninterest income $1,187
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $255
    Trading account gains and fees $0
    Additional Noninterest Income $932
    Pre-tax net operating income $3,194
    Securities gains (or losses, -) $0
    Income before extraordinary items $3,254
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,254
    Minority interest net income $0
    Net income $3,254
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,254

    Flint Community Bank's gross interest income from loans was $10,959,000.
    Flint Community Bank's net interest income from loans was $8,577,000.
    Flint Community Bank's fee based income from loans was $255,000.
    Flint Community Bank's net income from loans was $3,254,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,382
    Provision for credit losses $480
    Total noninterest expense $6,090
    Salaries and employee benefits $3,900
    Premises and equipment expense $504
    Additional noninterest expense $1,686
    Applicable income taxes $-60
    Net charge-offs $157
    Cash dividends $2,179

    Flint Community Bank's interest expense for loans was $2,382,000.
    Flint Community Bank's payroll and benefits expense were $3,900,000.
    Flint Community Bank's property, plant and equipment expenses $504,000.

    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 5.0%
    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 $221,822
    Deposits held in domestic offices $221,822
    Deposits by Individuals, partnerships, and corporations $208,652
    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. $13,170
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $90,237
    Demand deposits $50,673
    Nontransaction accounts $131,585
    Money market deposit accounts (MMDAs) $65,550
    Other savings deposits (excluding MMDAs) $9,497
    Total time deposits $56,538
    Total time and savings deposits $171,149
    Noninterest-bearing deposits $50,673
    Interest-bearing deposits $171,149
    Retail deposits $208,240
    IRAs and Keogh plan accounts $5,501
    Brokered deposits $4,471
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $261,024
    Cash & Balances due from depository institutions $31,597
    Interest-bearing balances $27,271
    Total securities $4,567
    Federal funds sold & reverse repurchase $4,650
    Net loans and leases $209,483
    Loan and leases loss allowance $1,892
    Trading account assets $0
    Bank premises and fixed assets $4,314
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $6,413

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $261,024
    Total Liabilities $240,374
    Total deposits $221,822
    Interest-bearing deposits $171,149
    Deposits held in domestic offices $221,822
    % insured (estimated) $66
    Federal funds purchased and repurchase agreements $2,501
    Trading liabilities $0
    Other borrowed funds $15,000
    Subordinated debt $0
    All other liabilities $1,051

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $209,483
    Loan and leases loss allowance $1,892
    Total loans and leases (domestic) $211,375
    All real estate loans $187,792
    Real estate loans in domestic offices $187,792
    Construction and development loans $14,428
    Residential 1-4 family construction $7,542
    Other construction, all land development and other land $6,886
    Loans secured by nonfarm nonresidential properties $71,726
    Nonfarm nonresidential secured by owner-occupied properties $50,223
    Commercial real estate & other non-farm, non-residential $21,503
    Multifamily residential real estate $3,833
    1-4 family residential loans $79,766
    Farmland loans $18,039
    Loans held in foreign offices $0
    Farm loans $190
    Commercial and industrial loans $18,801
    To non-U.S. addressees $0
    Loans to individuals $3,427
    Credit card loans $0
    Related Plans $414
    Consumer Auto Loans $720
    Other loans to individuals $2,293
    All other loans & leases $1,165
    Loans to foreign governments and official institutions $0
    Other loans $1,165
    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 $209,483,000 of loans outstanding in 2019. $187,792,000 of loans were in real estate loans. $14,428,000 of loans were in development loans. $3,833,000 of loans were in multifamily mortgage loans. $79,766,000 of loans were in 1-4 family mortgage loans. $190,000 of loans were in farm loans. $0 of loans were in credit card loans. $720,000 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 101 $25,758 $255,030
    Nonfarm, nonresidential loans - <$100k 15 $630 $42,000
    Nonfarm, nonresidential loans - $100-250k 32 $3,331 $104,094
    Nonfarm, nonresidential loans - $250k-1MM 54 $21,797 $403,648
    Commercial & Industrial, US addressed loans - <$1MM 154 $13,520 $87,792
    Commercial & Industrial, US addressed loans - <$100k 91 $1,991 $21,879
    Commercial & Industrial, US addressed loans - $100-250k 34 $3,345 $98,382
    Commercial & Industrial, US addressed loans - $250k-1MM 29 $8,184 $282,207
    Farmland loans - <$1MM 27 $3,523 $130,481
    Farmland loans - <$100k 9 $288 $32,000
    Farmland loans - $100-250k 5 $456 $91,200
    Farmland loans - $250k-1MM 13 $2,779 $213,769
    Agriculture operations loans - <$1MM 1 $190 $190,000
    Agriculture operations loans - $250k-1MM 1 $190 $190,000