Fnb Bank Mortgage Rates, Fees & Info

Scottsboro, AL

LEI: 549300NG86OCMFKQ5235

Tax ID: 63-0184515

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

Jump to:

Mortgage Data

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

    Fnb Bank is a smaller bank specializing in Home Purchase and Refi loans. Fnb Bank has a high proportion of conventional loans. Their top markets by origination volume include: Chattanooga, Nashville, Scottsboro, Huntsville, and Albertville among others. We have data for 20 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Fnb 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. Fnb Bank 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    192

    Origination Dollar Volume (All Markets)

    $38,310,000

    Employee count

    151

    Awards

    FNB Bank 30 Year Conventional Loans silver
    Show all (1) 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
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 65 $12,285,000 $189,000 $2,320 4.91%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 13 $4,185,000 $321,923 $3,976 4.79%
    Scottsboro, AL (FHA|USDA|VA) 38 $4,050,000 $106,579 $2,240 5.03%
    HUNTSVILLE, AL (FHA|USDA|VA) 21 $2,975,000 $141,667 $3,122 4.84%
    Albertville, AL (FHA|USDA|VA) 19 $2,805,000 $147,632 $1,884 5.97%
    McMinnville, TN (FHA|USDA|VA) 1 $2,215,000 $2,215,000 $0 4.00%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 3 $2,105,000 $701,667 $5,105 4.08%
    DALTON, GA (FHA|USDA|VA) 2 $2,020,000 $1,010,000 $1,429 5.33%
    Fort Payne, AL (FHA|USDA|VA) 11 $1,805,000 $164,091 $3,732 4.83%
    Outside of Metro Areas 7 $1,195,000 $170,714 $3,099 5.46%
    MONTGOMERY, AL (FHA|USDA|VA) 2 $1,170,000 $585,000 $0 4.55%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 2 $460,000 $230,000 $3,553 4.50%
    Sevierville, TN (FHA|USDA|VA) 1 $425,000 $425,000 $4,993 4.35%
    ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $185,000 $185,000 $2,854 4.35%
    KNOXVILLE, TN (FHA|USDA|VA) 1 $115,000 $115,000 $0 4.25%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $115,000 $115,000 $0 4.50%
    ANNISTON-OXFORD, AL (FHA|USDA|VA) 1 $75,000 $75,000 $2,525 4.75%
    TUSCALOOSA, AL (FHA|USDA|VA) 1 $75,000 $75,000 $0 4.00%
    AUBURN-OPELIKA, AL (FHA|USDA|VA) 1 $35,000 $35,000 $0 5.75%
    Tullahoma-Manchester, TN (FHA|USDA|VA) 1 $15,000 $15,000 $0 5.25%
    Fnb Bank's top markets include Chattanooga, Nashville, Scottsboro, Huntsville, and Albertville among others.

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

    • Similar Lenders

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

    FNB Bank
    Similarity Rank: 220
    REDSTONE Federal Credit Union
    Similarity Rank: 297
    CERTAINTY HOME LOANS, LLC
    Similarity Rank: 2580
    Regions Bank
    Similarity Rank: 2863
    Renasant Bank
    Similarity Rank: 3480
    FirstBank
    Similarity Rank: 4338
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION
    Similarity Rank: 12194
    LOANDEPOT.COM, LLC
    Similarity Rank: 15538
    QUICKEN LOANS, LLC
    Similarity Rank: 18560

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 192 $38,310,000 $199,531 $2,645 5.01%

    For 2020, Fnb Bank's most frequently originated type of loan was Conventional, with 192 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 92 $22,130,000 $240,543 $3,258 4.66%
    Refi 90 $15,680,000 $174,222 $1,995 5.26%
    Home Improvement 6 $270,000 $45,000 $1,985 5.83%
    Other 4 $230,000 $57,500 $2,179 6.00%

    For 2020, Fnb Bank's most frequently cited loan purpose was Home Purchase, with 92 originations. The 2nd most popular reason was Refi, with 90 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 54 $6,200,000 $114,815 $2,085 5.06%
    30 Year 48 $13,410,000 $279,375 $3,630 4.48%
    5 Year 33 $11,555,000 $350,152 $573 4.93%
    Other 25 $4,705,000 $188,200 $1,604 5.30%
    15 Year 21 $1,475,000 $70,238 $1,818 5.44%
    10 Year 7 $475,000 $67,857 $849 6.31%
    1 Year 3 $195,000 $65,000 $0 4.75%
    3 Year 1 $295,000 $295,000 $0 4.99%

    For 2020, Fnb Bank's most frequently cited loan duration was 20 Year, with 54 originations. The 2nd most popular length was 30 Year, with 48 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 54 $4,040,000 $74,815
    $1k-2k 39 $9,025,000 $231,410
    $2k-3k 5 $1,825,000 $365,000
    $3k-4k 2 $1,180,000 $590,000
    $4k-5k 1 $795,000 $795,000
    $5k+ 1 $235,000 $235,000

    Fnb Bank's average total fees were $3,630, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 54 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 131 $25,795,000 $196,908
    5-6% 26 $1,520,000 $58,462
    3-4% 15 $9,625,000 $641,667
    6-7% 11 $895,000 $81,364
    Over 8% 7 $265,000 $37,857
    7-8% 2 $210,000 $105,000

    During 2020, Fnb Bank's average interest rate for loans was 4.48%, while their most frequently originated rate bucket for loans was 4-5%, with 131 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 88 $4,650,000 $52,841 $1,665 5.54%
    $100k-200k 47 $6,895,000 $146,702 $2,475 4.71%
    $200k-400k 42 $11,060,000 $263,333 $3,818 4.48%
    $1MM+ 7 $10,955,000 $1,565,000 $3,977 4.19%
    $400k-600k 4 $1,900,000 $475,000 $4,231 4.42%
    $600k-1MM 4 $2,850,000 $712,500 $6,635 4.28%

    2020 saw Fnb Bank place emphasis on $100,000 or less loans with 88 originations, totaling $4,650,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 39 $5,835,000 $149,615 $3,042 5.01%
    $50k or less 27 $1,585,000 $58,704 $1,783 5.74%
    $50k-75k 26 $2,480,000 $95,385 $1,960 5.51%
    $75k-100k 26 $4,150,000 $159,615 $2,370 5.17%
    $150k-250k 23 $4,625,000 $201,087 $3,359 4.68%
    $250k+ 18 $9,050,000 $502,778 $4,268 4.35%

    Fnb Bank lent most frequently to those with incomes in the $100k-150k range, with 39 originations. The second most popular income band? $50k or less, with 27 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 37 $4,735,000 $127,973 $2,370 5.41%
    30-36% 23 $3,185,000 $138,478 $2,292 4.95%
    <20% 20 $2,740,000 $137,000 $2,834 5.31%
    38% 8 $1,030,000 $128,750 $2,752 5.09%
    41% 8 $1,390,000 $173,750 $2,823 4.73%
    >60% 4 $200,000 $50,000 $1,130 8.06%
    36% 4 $1,080,000 $270,000 $4,114 5.21%
    40% 3 $295,000 $98,333 $2,430 5.58%
    39% 3 $605,000 $201,667 $3,707 4.67%
    42% 3 $375,000 $125,000 $3,533 5.00%
    37% 3 $805,000 $268,333 $4,756 4.32%
    44% 2 $60,000 $30,000 $291 5.63%
    46% 2 $60,000 $30,000 $0 6.50%
    50-60% 2 $250,000 $125,000 $1,496 5.50%
    43% 2 $740,000 $370,000 $3,814 4.50%

    Fnb Bank lent most frequently to those with DTI ratios of 20-30%, with 37 originations. The next most common DTI ratio? 30-36%, with 23 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 151 $26,035,000 $172,417 $2,605 5.15%
    Not applicable 32 $10,470,000 $327,188 $0 4.46%
    Not provided 3 $775,000 $258,333 $3,409 4.50%
    American Indian 2 $500,000 $250,000 $3,959 4.30%
    Asian 2 $340,000 $170,000 $2,423 4.13%
    Black 2 $190,000 $95,000 $0 5.25%

    Approval Rates

    Total approvals of all applications
    93.81%

    Fnb Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.58%

    Fnb Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 192 $38,310,000 $199,531

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 10 $10,440,000 $1,044,000
    Single Family (1-4 Units):Manufactured 21 $1,095,000 $52,143
    Single Family (1-4 Units):Site-Built 161 $26,775,000 $166,304

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 21 $2,435,000 $115,952 $1,550 5.59%
    40-60% 34 $6,210,000 $182,647 $2,010 5.05%
    60-80% 78 $17,010,000 $218,077 $2,575 4.96%
    80-100% 50 $12,480,000 $249,600 $3,430 4.59%
    Under 20% 9 $175,000 $19,444 $783 6.13%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Fnb Bank 1101 Board Street Suite 110 Chattanooga, TN 37402 Full Service B&M $1,281
    Fnb Bank 1302 Gunter Avenue Guntersville, AL 35976 Full Service B&M $21,010
    Fnb Bank 13309 N. Highway 27 Chickamauga, GA 30707 Full Service B&M $25,812
    Fnb Bank 1535 South Broad Street Scottsboro, AL 35768 Full Service B&M $2,118
    Fnb Bank 2399 County Road 58 Pisgah, AL 35765 Full Service B&M $20,197
    Fnb Bank 26327 Main St Ardmore, TN 38449 Full Service B&M $59,883
    Fnb Bank 29975 Alabama Highway 35 Woodville, AL 35776 Full Service B&M $18,387
    Fnb Bank 4968 Tammy Little Drive Section, AL 35771 Full Service B&M $29,373
    Fnb Bank 51616 Old Highway 72 Bridgeport, AL 35740 Full Service B&M $23,136
    Fnb Bank 5399 Main Street Grant, AL 35747 Full Service B&M $47,313
    Fnb Bank 625 Battlefield Parkway Fort Oglethorpe, GA 30742 Full Service B&M $57,095
    Fnb Bank 6345 Hwy 41 Ringgold, GA 30736 Full Service B&M $32,848
    Fnb Bank 701 E. Laurel Street Scottsboro, AL 35768 Limited, Drive-thru $0
    Fnb Bank 7122 Nolensville Road Nolensville, TN 37135 Full Service B&M $33,862
    Fnb Bank Broad And Appletree Streets Scottsboro, AL 35768 Full Service B&M $223,449
    Fnb Bank Highway 79 Skyline, AL 35768 Full Service B&M $8,888
    Fnb Bank State Highway 40 Henagar, AL 35978 Full Service B&M $57,619

    For 2020, Fnb Bank had 17 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $29,210
    Net interest income $25,714
    Total noninterest income $5,053
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $2,001
    Trading account gains and fees $0
    Additional Noninterest Income $3,052
    Pre-tax net operating income $6,454
    Securities gains (or losses, -) $36
    Income before extraordinary items $6,267
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $6,267
    Minority interest net income $0
    Net income $6,267
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $6,232

    Fnb Bank's gross interest income from loans was $29,210,000.
    Fnb Bank's net interest income from loans was $25,714,000.
    Fnb Bank's fee based income from loans was $2,001,000.
    Fnb Bank's net income from loans was $6,267,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,496
    Provision for credit losses $1,301
    Total noninterest expense $23,012
    Salaries and employee benefits $11,550
    Premises and equipment expense $2,657
    Additional noninterest expense $8,805
    Applicable income taxes $223
    Net charge-offs $472
    Cash dividends $3,548

    Fnb Bank's interest expense for loans was $3,496,000.
    Fnb Bank's payroll and benefits expense were $11,550,000.
    Fnb Bank's property, plant and equipment expenses $2,657,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 1.0%
    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 $681,543
    Deposits held in domestic offices $681,543
    Deposits by Individuals, partnerships, and corporations $580,875
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $100,668
    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 $71,468
    Demand deposits $71,468
    Nontransaction accounts $610,075
    Money market deposit accounts (MMDAs) $83,147
    Other savings deposits (excluding MMDAs) $386,847
    Total time deposits $140,081
    Total time and savings deposits $610,075
    Noninterest-bearing deposits $185,442
    Interest-bearing deposits $496,101
    Retail deposits $648,952
    IRAs and Keogh plan accounts $35,867
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $795,734
    Cash & Balances due from depository institutions $104,381
    Interest-bearing balances $95,883
    Total securities $146,631
    Federal funds sold & reverse repurchase $8,009
    Net loans and leases $478,692
    Loan and leases loss allowance $5,177
    Trading account assets $0
    Bank premises and fixed assets $19,016
    Other real estate owned $1,193
    Goodwill and other intangibles $10,239
    All other assets $27,573

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $795,734
    Total Liabilities $706,278
    Total deposits $681,543
    Interest-bearing deposits $496,101
    Deposits held in domestic offices $681,543
    % insured (estimated) $78
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $20,000
    Subordinated debt $0
    All other liabilities $4,735

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $478,692
    Loan and leases loss allowance $5,177
    Total loans and leases (domestic) $483,869
    All real estate loans $398,868
    Real estate loans in domestic offices $398,868
    Construction and development loans $45,010
    Residential 1-4 family construction $19,737
    Other construction, all land development and other land $25,273
    Loans secured by nonfarm nonresidential properties $185,756
    Nonfarm nonresidential secured by owner-occupied properties $52,375
    Commercial real estate & other non-farm, non-residential $133,381
    Multifamily residential real estate $21,460
    1-4 family residential loans $137,737
    Farmland loans $8,905
    Loans held in foreign offices $0
    Farm loans $3,721
    Commercial and industrial loans $57,774
    To non-U.S. addressees $0
    Loans to individuals $17,188
    Credit card loans $169
    Related Plans $199
    Consumer Auto Loans $4,762
    Other loans to individuals $12,058
    All other loans & leases $6,318
    Loans to foreign governments and official institutions $0
    Other loans $3,582
    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 $69
    Non 1-4 family restructured loans & leases $69
    Total loans and leases (foreign) $0

    FNB Bank had $478,692,000 of loans outstanding in 2020. $398,868,000 of loans were in real estate loans. $45,010,000 of loans were in development loans. $21,460,000 of loans were in multifamily mortgage loans. $137,737,000 of loans were in 1-4 family mortgage loans. $3,721,000 of loans were in farm loans. $169,000 of loans were in credit card loans. $4,762,000 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 364 $54,621 $150,058
    Nonfarm, nonresidential loans - <$100k 124 $3,259 $26,282
    Nonfarm, nonresidential loans - $100-250k 106 $10,987 $103,651
    Nonfarm, nonresidential loans - $250k-1MM 134 $40,375 $301,306
    Commercial & Industrial, US addressed loans - <$1MM 1,503 $41,954 $27,914
    Commercial & Industrial, US addressed loans - <$100k 1,294 $18,195 $14,061
    Commercial & Industrial, US addressed loans - $100-250k 150 $11,766 $78,440
    Commercial & Industrial, US addressed loans - $250k-1MM 59 $11,993 $203,271
    Farmland loans - <$1MM 79 $5,792 $73,316
    Farmland loans - <$100k 44 $1,199 $27,250
    Farmland loans - $100-250k 24 $2,819 $117,458
    Farmland loans - $250k-1MM 11 $1,774 $161,273
    Agriculture operations loans - <$1MM 163 $3,325 $20,399
    Agriculture operations loans - <$100k 148 $2,223 $15,020
    Agriculture operations loans - $100-250k 13 $877 $67,462
    Agriculture operations loans - $250k-1MM 2 $225 $112,500