Bankfirst Mortgage Rates, Fees & Info

Norfolk, NE

LEI: 549300MJGHTLBSL8LJ59

Tax ID: 47-0529225

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Mortgage Data

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

    Bankfirst is a smaller bank specializing in various types of mortgages.



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    Originations

    0

    Origination Dollar Volume (All Markets)

    $0

    Employee count

    127

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 4 14.8%
    BANK OF THE WEST Conventional home mortgage Trouble during payment process 1 3.7%
    BANK OF THE WEST Conventional home mortgage Struggling to pay mortgage 1 3.7%
    BANK OF THE WEST Conventional home mortgage Closing on a mortgage 2 7.4%
    BANK OF THE WEST Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 4 14.8%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Closing on a mortgage 1 3.7%
    BANK OF THE WEST FHA mortgage Closing on a mortgage 1 3.7%
    BANK OF THE WEST VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 3.7%
    BANK OF THE WEST Other type of mortgage Trouble during payment process 3 11.1%
    BANK OF THE WEST Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 3.7%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Trouble during payment process 5 18.5%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Struggling to pay mortgage 1 3.7%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Incorrect information on your report 2 7.4%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    BankFirst 920 South 13th Street Norfolk, NE 68701 Limited, Drive-thru $0
    BankFirst 100 North 13th Street Norfolk, NE 68701 Full Service B&M $173,072
    BankFirst 1211 Riverside Boulevard Norfolk, NE 68701 Limited, Drive-thru $0
    BankFirst 127 E. Walnut Street West Point, NE 68788 Full Service B&M $4,602
    BankFirst 1371 26th Avenue Columbus, NE 68601 Full Service B&M $66,141
    BankFirst 220 West 7th Street Wayne, NE 68787 Full Service B&M $27,258
    BankFirst 2530 23rd Street Columbus, NE 68601 Limited, Drive-thru $0
    BankFirst 2710 L Street Ord, NE 68862 Full Service B&M $16,970
    BankFirst 319 East Highway 20 Oneill, NE 68763 Full Service B&M $26,322

    For 2018, Bankfirst had 9 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $23,331
    Net interest income $17,709
    Total noninterest income $1,631
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $894
    Trading account gains and fees $0
    Additional Noninterest Income $737
    Pre-tax net operating income $10,119
    Securities gains (or losses, -) $459
    Income before extraordinary items $8,235
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $8,235
    Minority interest net income $0
    Net income $8,235
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $7,872

    Bankfirst's gross interest income from loans was $23,331,000.
    Bankfirst's net interest income from loans was $17,709,000.
    Bankfirst's fee based income from loans was $894,000.
    Bankfirst's net income from loans was $8,235,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $5,622
    Provision for credit losses $600
    Total noninterest expense $8,621
    Salaries and employee benefits $5,444
    Premises and equipment expense $1,092
    Additional noninterest expense $2,085
    Applicable income taxes $2,343
    Net charge-offs $-15
    Cash dividends $31,276

    Bankfirst's interest expense for loans was $5,622,000.
    Bankfirst's payroll and benefits expense were $5,444,000.
    Bankfirst's property, plant and equipment expenses $1,092,000.

    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 $501,462
    Deposits held in domestic offices $501,462
    Deposits by Individuals, partnerships, and corporations $436,973
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $64,489
    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 $242,156
    Demand deposits $139,934
    Nontransaction accounts $259,306
    Money market deposit accounts (MMDAs) $136,851
    Other savings deposits (excluding MMDAs) $28,451
    Total time deposits $94,004
    Total time and savings deposits $361,528
    Noninterest-bearing deposits $82,562
    Interest-bearing deposits $418,900
    Retail deposits $479,545
    IRAs and Keogh plan accounts $23,364
    Brokered deposits $37,766
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $706,600
    Cash & Balances due from depository institutions $19,101
    Interest-bearing balances $13,251
    Total securities $131,281
    Federal funds sold & reverse repurchase $0
    Net loans and leases $510,936
    Loan and leases loss allowance $5,156
    Trading account assets $0
    Bank premises and fixed assets $13,717
    Other real estate owned $0
    Goodwill and other intangibles $10,123
    All other assets $21,442

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $706,600
    Total Liabilities $629,548
    Total deposits $501,462
    Interest-bearing deposits $418,900
    Deposits held in domestic offices $501,462
    % insured (estimated) $76
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $124,028
    Subordinated debt $0
    All other liabilities $4,058

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $510,936
    Loan and leases loss allowance $5,156
    Total loans and leases (domestic) $516,092
    All real estate loans $339,496
    Real estate loans in domestic offices $339,496
    Construction and development loans $82,726
    Residential 1-4 family construction $1,378
    Other construction, all land development and other land $81,348
    Loans secured by nonfarm nonresidential properties $90,076
    Nonfarm nonresidential secured by owner-occupied properties $6,935
    Commercial real estate & other non-farm, non-residential $83,141
    Multifamily residential real estate $8,276
    1-4 family residential loans $62,762
    Farmland loans $95,656
    Loans held in foreign offices $0
    Farm loans $101,838
    Commercial and industrial loans $63,607
    To non-U.S. addressees $0
    Loans to individuals $10,964
    Credit card loans $0
    Related Plans $111
    Consumer Auto Loans $9,331
    Other loans to individuals $1,522
    All other loans & leases $187
    Loans to foreign governments and official institutions $0
    Other loans $187
    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

    BankFirst had $510,936,000 of loans outstanding in 2018. $339,496,000 of loans were in real estate loans. $82,726,000 of loans were in development loans. $8,276,000 of loans were in multifamily mortgage loans. $62,762,000 of loans were in 1-4 family mortgage loans. $101,838,000 of loans were in farm loans. $0 of loans were in credit card loans. $9,331,000 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 197 $83,141 $422,036
    Nonfarm, nonresidential loans - $250k-1MM 197 $83,141 $422,036
    Commercial & Industrial, US addressed loans - <$1MM 528 $63,607 $120,468
    Commercial & Industrial, US addressed loans - $100-250k 528 $63,607 $120,468
    Farmland loans - <$1MM 129 $20,115 $155,930
    Farmland loans - <$100k 42 $1,683 $40,071
    Farmland loans - $100-250k 46 $6,146 $133,609
    Farmland loans - $250k-1MM 41 $12,286 $299,659
    Agriculture operations loans - <$1MM 301 $26,510 $88,073
    Agriculture operations loans - <$100k 166 $4,807 $28,958
    Agriculture operations loans - $100-250k 89 $10,347 $116,258
    Agriculture operations loans - $250k-1MM 46 $11,356 $246,870