First National Bank Ames Iowa Mortgage Rates, Fees & Info
Ames, IALEI: 549300OIJZOV6CPR1Y57
Tax ID: 42-0114420
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Bank Data
Review & Overview
First National Bank Ames Iowa is a smaller bank specializing in Refi and Home Purchase loans. First National Bank Ames Iowa has a high proportion of conventional loans. Their top markets by origination volume include: Des Moines, Ames, Cedar Rapids, Mason City, and Waterloo among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)First National Bank Ames Iowa 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.
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
236Origination Dollar Volume (All Markets)
$93,100,000Employee count
128Top 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 |
|---|---|---|---|---|---|
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 86 | $58,930,000 | $685,233 | $0 | 0.00% |
| AMES, IA (FHA|USDA|VA) | 94 | $26,610,000 | $283,085 | $0 | 0.00% |
| Outside of Metro Areas | 52 | $5,950,000 | $114,423 | $0 | 0.00% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $0 | 0.00% |
| Mason City, IA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 0.00% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 236 | $93,100,000 | $394,492 | $0 | 0.00% |
For 2021, First National Bank Ames Iowa's most frequently originated type of loan was Conventional, with 236 originations.
Loan Reason
For 2021, First National Bank Ames Iowa's most frequently cited loan purpose was Refi, with 129 originations. The 2nd most popular reason was Home Purchase, with 94 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 236 | $93,100,000 | $394,492 | $0 | 0.00% |
For 2021, First National Bank Ames Iowa's most frequently cited loan duration was Other, with 236 originations.
Loan Sizing
2021 saw First National Bank Ames Iowa place emphasis on $100k-200k loans with 77 originations, totaling $11,375,000 in origination value.
Applicant Income
First National Bank Ames Iowa lent most frequently to those with incomes in the $100k-150k range, with 44 originations. The second most popular income band? $50k-75k, with 28 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 236 | $93,100,000 | $394,492 | $0 | 0.00% |
First National Bank Ames Iowa lent most frequently to those with DTI ratios of Exempt%, with 236 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.86%
First National Bank Ames Iowa has an average approval rate.
Pick Rate
Approvals leading to origination70.34%
First National Bank Ames Iowa has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 236 | $93,100,000 | $394,492 |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST NATIONAL BANK OF OMAHA | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 25.0% |
| FIRST NATIONAL BANK OF OMAHA | Conventional home mortgage | Trouble during payment process | 1 | 25.0% |
| FIRST NATIONAL BANK OF OMAHA | FHA mortgage | Improper use of your report | 1 | 25.0% |
| FIRST NATIONAL BANK OF OMAHA | Other type of mortgage | Struggling to pay mortgage | 1 | 25.0% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| First National Bank, Ames, Iowa | 1205 North Ankeny Boulevard Ankeny, IA 50021 | Full Service B&M | $55,916 |
| First National Bank, Ames, Iowa | 1320 Jeffreys Drive Osceola, IA 50213 | Full Service B&M | $0 |
| First National Bank, Ames, Iowa | 139 S Main Street Osceola, IA 50213 | Full Service B&M | $106,705 |
| First National Bank, Ames, Iowa | 2406 Grand Ave Ames, IA 50010 | Full Service B&M | $0 |
| First National Bank, Ames, Iowa | 301 Fifth Street West Des Moines, IA 50265 | Full Service B&M | $0 |
| First National Bank, Ames, Iowa | 3334 Lincoln Way Ames, IA 50010 | Full Service B&M | $0 |
| First National Bank, Ames, Iowa | 405 Fifth Street Ames, IA 50010 | Full Service B&M | $669,175 |
| First National Bank, Ames, Iowa | 5625 Mills Civic Parkway West Des Moines, IA 50266 | Full Service B&M | $120,935 |
| First National Bank, Ames, Iowa | 8430 Birchwood Court, Suite 1100 Johnston, IA 50131 | Full Service B&M | $0 |
For 2021, First National Bank Ames Iowa had 9 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $30,429 |
| Net interest income | $28,587 |
| Total noninterest income | $5,882 |
| Gross Fiduciary activities income | $1,902 |
| Service charges on deposit accounts | $618 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $3,362 |
| Pre-tax net operating income | $16,291 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $13,137 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $13,137 |
| Minority interest net income | $0 |
| Net income | $13,137 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $13,137 |
First National Bank Ames Iowa's gross interest income from loans was $30,429,000.
First National Bank Ames Iowa's net interest income from loans was $28,587,000.
First National Bank Ames Iowa's fee based income from loans was $618,000.
First National Bank Ames Iowa's net income from loans was $13,137,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $1,842 |
| Provision for credit losses | $-372 |
| Total noninterest expense | $18,550 |
| Salaries and employee benefits | $10,526 |
| Premises and equipment expense | $2,148 |
| Additional noninterest expense | $5,876 |
| Applicable income taxes | $3,154 |
| Net charge-offs | $5 |
| Cash dividends | $4,000 |
First National Bank Ames Iowa's interest expense for loans was $1,842,000.
First National Bank Ames Iowa's payroll and benefits expense were $10,526,000.
First National Bank Ames Iowa's property, plant and equipment expenses $2,148,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 1.0% |
| Real Estate loans | 1.0% |
| Construction & Land Development loans | 0.0% |
| Nonfarm, nonresidential loans | 3.0% |
| 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 | $987,497 |
| Deposits held in domestic offices | $987,497 |
| Deposits by Individuals, partnerships, and corporations | $881,274 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $95,464 |
| Deposits by Commercial banks and other depository institutions in U.S. | $10,759 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $518,045 |
| Demand deposits | $254,795 |
| Nontransaction accounts | $469,452 |
| Money market deposit accounts (MMDAs) | $267,725 |
| Other savings deposits (excluding MMDAs) | $110,026 |
| Total time deposits | $91,701 |
| Total time and savings deposits | $732,702 |
| Noninterest-bearing deposits | $254,795 |
| Interest-bearing deposits | $732,702 |
| Retail deposits | $973,099 |
| IRAs and Keogh plan accounts | $15,812 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $1,114,689 |
| Cash & Balances due from depository institutions | $45,325 |
| Interest-bearing balances | $33,749 |
| Total securities | $424,043 |
| Federal funds sold & reverse repurchase | $6,300 |
| Net loans and leases | $611,176 |
| Loan and leases loss allowance | $9,423 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $8,771 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $5,441 |
| All other assets | $13,633 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $1,114,689 |
| Total Liabilities | $1,011,711 |
| Total deposits | $987,497 |
| Interest-bearing deposits | $732,702 |
| Deposits held in domestic offices | $987,497 |
| % insured (estimated) | $69 |
| Federal funds purchased and repurchase agreements | $21,775 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $2,439 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $611,176 |
| Loan and leases loss allowance | $9,423 |
| Total loans and leases (domestic) | $620,599 |
| All real estate loans | $576,515 |
| Real estate loans in domestic offices | $576,515 |
| Construction and development loans | $25,502 |
| Residential 1-4 family construction | $12,023 |
| Other construction, all land development and other land | $13,479 |
| Loans secured by nonfarm nonresidential properties | $221,450 |
| Nonfarm nonresidential secured by owner-occupied properties | $93,726 |
| Commercial real estate & other non-farm, non-residential | $127,724 |
| Multifamily residential real estate | $156,128 |
| 1-4 family residential loans | $143,313 |
| Farmland loans | $30,122 |
| Loans held in foreign offices | $0 |
| Farm loans | $8,259 |
| Commercial and industrial loans | $26,352 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $5,843 |
| Credit card loans | $0 |
| Related Plans | $107 |
| Consumer Auto Loans | $845 |
| Other loans to individuals | $4,891 |
| All other loans & leases | $3,710 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $949 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $5,113 |
| 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 |
First National Bank Ames Iowa had $611,176,000 of loans outstanding in 2021. $576,515,000 of loans were in real estate loans. $25,502,000 of loans were in development loans. $156,128,000 of loans were in multifamily mortgage loans. $143,313,000 of loans were in 1-4 family mortgage loans. $8,259,000 of loans were in farm loans. $0 of loans were in credit card loans. $845,000 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 | 188 | $45,489 | $241,963 |
| Nonfarm, nonresidential loans - <$100k | 52 | $2,424 | $46,615 |
| Nonfarm, nonresidential loans - $100-250k | 51 | $7,480 | $146,667 |
| Nonfarm, nonresidential loans - $250k-1MM | 85 | $35,585 | $418,647 |
| Commercial & Industrial, US addressed loans - <$1MM | 153 | $15,975 | $104,412 |
| Commercial & Industrial, US addressed loans - <$100k | 105 | $3,409 | $32,467 |
| Commercial & Industrial, US addressed loans - $100-250k | 24 | $3,324 | $138,500 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 24 | $9,242 | $385,083 |
| Farmland loans - <$1MM | 139 | $18,319 | $131,791 |
| Farmland loans - <$100k | 59 | $2,637 | $44,695 |
| Farmland loans - $100-250k | 52 | $7,178 | $138,038 |
| Farmland loans - $250k-1MM | 28 | $8,504 | $303,714 |
| Agriculture operations loans - <$1MM | 154 | $4,633 | $30,084 |
| Agriculture operations loans - <$100k | 145 | $3,399 | $23,441 |
| Agriculture operations loans - $100-250k | 7 | $571 | $81,571 |
| Agriculture operations loans - $250k-1MM | 2 | $663 | $331,500 |