The First National Bank Of Ava Mortgage Rates, Fees & Info
Ava, ILLEI: 549300OZZQ1ZON9W1K45
Tax ID: 37-0274265
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Mortgage Data
Bank Data
Review & Overview
The First National Bank Of Ava is a smaller bank specializing in Home Purchase loans. The First National Bank Of Ava has a high proportion of conventional loans. Their top (well, only) market is Carbondale.The First National Bank Of Ava has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
35Origination Dollar Volume (All Markets)
$2,485,000Employee count
17Top 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 |
|---|---|---|---|---|---|
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 30 | $2,090,000 | $69,667 | $0 | 0.00% |
| Outside of Metro Areas | 5 | $395,000 | $79,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 35 | $2,485,000 | $71,000 | $0 | 0.00% |
For 2018, The First National Bank Of Ava's most frequently originated type of loan was Conventional, with 35 originations.
Loan Reason
For 2018, The First National Bank Of Ava's most frequently cited loan purpose was Home Purchase, with 20 originations. The 2nd most popular reason was Refi, with 10 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 35 | $2,485,000 | $71,000 | $0 | 0.00% |
For 2018, The First National Bank Of Ava's most frequently cited loan duration was Other, with 35 originations.
Loan Sizing
2018 saw The First National Bank Of Ava place emphasis on $100,000 or less loans with 29 originations, totaling $1,285,000 in origination value.
Applicant Income
The First National Bank Of Ava lent most frequently to those with incomes in the $100k-150k range, with 10 originations. The second most popular income band? $50k-75k, with 9 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 35 | $2,485,000 | $71,000 | $0 | 0.00% |
The First National Bank Of Ava lent most frequently to those with DTI ratios of Exempt%, with 35 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 34 | $2,300,000 | $67,647 | $0 | 0.00% |
| Not applicable | 1 | $185,000 | $185,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications69.57%
The First National Bank Of Ava has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination65.71%
The First National Bank Of Ava has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 35 | $2,485,000 | $71,000 |
Occupancy Type Mix
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| The First National Bank of Ava | 304 West Main Street Ava, IL 62907 | Full Service B&M | $54,173 |
For 2018, The First National Bank Of Ava had 1 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $2,986 |
| Net interest income | $2,666 |
| Total noninterest income | $180 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $48 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $132 |
| Pre-tax net operating income | $933 |
| Securities gains (or losses, -) | $-17 |
| Income before extraordinary items | $770 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $770 |
| Minority interest net income | $0 |
| Net income | $770 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $784 |
The First National Bank Of Ava's gross interest income from loans was $2,986,000.
The First National Bank Of Ava's net interest income from loans was $2,666,000.
The First National Bank Of Ava's fee based income from loans was $48,000.
The First National Bank Of Ava's net income from loans was $770,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $320 |
| Provision for credit losses | $90 |
| Total noninterest expense | $1,823 |
| Salaries and employee benefits | $1,062 |
| Premises and equipment expense | $112 |
| Additional noninterest expense | $649 |
| Applicable income taxes | $146 |
| Net charge-offs | $45 |
| Cash dividends | $784 |
The First National Bank Of Ava's interest expense for loans was $320,000.
The First National Bank Of Ava's payroll and benefits expense were $1,062,000.
The First National Bank Of Ava's property, plant and equipment expenses $112,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 2.0% |
| Real Estate loans | 4.0% |
| Construction & Land Development loans | 0.0% |
| Nonfarm, nonresidential loans | 3.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 6.0% |
| HELOC loans | 0.0% |
| All other family | 6.0% |
| 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 | $53,508 |
| Deposits held in domestic offices | $53,508 |
| Deposits by Individuals, partnerships, and corporations | $47,734 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $5,774 |
| 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 | $19,276 |
| Demand deposits | $10,386 |
| Nontransaction accounts | $34,232 |
| Money market deposit accounts (MMDAs) | $3,868 |
| Other savings deposits (excluding MMDAs) | $11,863 |
| Total time deposits | $18,501 |
| Total time and savings deposits | $43,122 |
| Noninterest-bearing deposits | $10,606 |
| Interest-bearing deposits | $42,902 |
| Retail deposits | $53,232 |
| IRAs and Keogh plan accounts | $2,745 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $62,266 |
| Cash & Balances due from depository institutions | $2,066 |
| Interest-bearing balances | $156 |
| Total securities | $24,173 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $34,914 |
| Loan and leases loss allowance | $540 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $277 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $836 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $62,266 |
| Total Liabilities | $53,930 |
| Total deposits | $53,508 |
| Interest-bearing deposits | $42,902 |
| Deposits held in domestic offices | $53,508 |
| % insured (estimated) | $93 |
| Federal funds purchased and repurchase agreements | $300 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $122 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $34,914 |
| Loan and leases loss allowance | $540 |
| Total loans and leases (domestic) | $35,454 |
| All real estate loans | $20,712 |
| Real estate loans in domestic offices | $20,712 |
| Construction and development loans | $585 |
| Residential 1-4 family construction | $453 |
| Other construction, all land development and other land | $132 |
| Loans secured by nonfarm nonresidential properties | $1,792 |
| Nonfarm nonresidential secured by owner-occupied properties | $1,750 |
| Commercial real estate & other non-farm, non-residential | $42 |
| Multifamily residential real estate | $199 |
| 1-4 family residential loans | $12,910 |
| Farmland loans | $5,226 |
| Loans held in foreign offices | $0 |
| Farm loans | $8,301 |
| Commercial and industrial loans | $3,471 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $2,457 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $763 |
| Other loans to individuals | $1,694 |
| All other loans & leases | $513 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $2 |
| 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 | $577 |
| Non 1-4 family restructured loans & leases | $5 |
| Total loans and leases (foreign) | $0 |
The First National Bank of Ava had $34,914,000 of loans outstanding in 2018. $20,712,000 of loans were in real estate loans. $585,000 of loans were in development loans. $199,000 of loans were in multifamily mortgage loans. $12,910,000 of loans were in 1-4 family mortgage loans. $8,301,000 of loans were in farm loans. $0 of loans were in credit card loans. $763,000 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 | 29 | $1,775 | $61,207 |
| Nonfarm, nonresidential loans - <$100k | 16 | $428 | $26,750 |
| Nonfarm, nonresidential loans - $100-250k | 13 | $1,347 | $103,615 |
| Commercial & Industrial, US addressed loans - <$1MM | 101 | $3,470 | $34,356 |
| Commercial & Industrial, US addressed loans - <$100k | 85 | $1,664 | $19,576 |
| Commercial & Industrial, US addressed loans - $100-250k | 15 | $1,552 | $103,467 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 1 | $254 | $254,000 |
| Farmland loans - <$1MM | 62 | $4,039 | $65,145 |
| Farmland loans - <$100k | 35 | $943 | $26,943 |
| Farmland loans - $100-250k | 25 | $2,412 | $96,480 |
| Farmland loans - $250k-1MM | 2 | $684 | $342,000 |
| Agriculture operations loans - <$1MM | 144 | $6,106 | $42,403 |
| Agriculture operations loans - <$100k | 125 | $2,553 | $20,424 |
| Agriculture operations loans - $100-250k | 10 | $1,007 | $100,700 |
| Agriculture operations loans - $250k-1MM | 9 | $2,546 | $282,889 |