The First National Bank Of Ava Mortgage Rates, Fees & Info
Ava, IL
LEI: 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
various types of mortgages.
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Originations
0
Origination Dollar Volume (All Markets)
$0
Employee count
16
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
|
$65,828 |
For 2021, The First National Bank Of Ava had 1 branches.
Yearly Performance Overview
Bank Income
The First National Bank Of Ava's gross interest income from loans was $2,908,000.
The First National Bank Of Ava's net interest income from loans was $2,668,000.
The First National Bank Of Ava's fee based income from loans was $29,000.
The First National Bank Of Ava's net income from loans was $813,000.
Bank Expenses
| Item |
Value (in 000's) |
| Total interest expense |
$240 |
| Provision for credit losses |
$60 |
| Total noninterest expense |
$1,804 |
| Salaries and employee benefits |
$973 |
| Premises and equipment expense |
$135 |
| Additional noninterest expense |
$696 |
| Applicable income taxes |
$166 |
| Net charge-offs |
$-52 |
| Cash dividends |
$100 |
The First National Bank Of Ava's interest expense for loans was $240,000.
The First National Bank Of Ava's payroll and benefits expense were $973,000.
The First National Bank Of Ava's property, plant and equipment expenses $135,000.
Deposits
| Type |
Value (in 000's) |
| Total deposits |
$63,576 |
| Deposits held in domestic offices |
$63,576 |
| Deposits by Individuals, partnerships, and corporations |
$54,560 |
| Deposits by U.S. Government |
$0 |
| Deposits by States and political subdivisions in the U.S. |
$9,016 |
| 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 |
$24,459 |
| Demand deposits |
$11,733 |
| Nontransaction accounts |
$39,117 |
| Money market deposit accounts (MMDAs) |
$4,278 |
| Other savings deposits (excluding MMDAs) |
$18,862 |
| Total time deposits |
$15,977 |
| Total time and savings deposits |
$51,843 |
| Noninterest-bearing deposits |
$11,918 |
| Interest-bearing deposits |
$51,658 |
| Retail deposits |
$63,061 |
| IRAs and Keogh plan accounts |
$2,113 |
| Brokered deposits |
$0 |
| Deposits held in foreign offices |
$0 |
Assets
| Asset |
Value (in 000's) |
| Total Assets |
$78,753 |
| Cash & Balances due from depository institutions |
$2,354 |
| Interest-bearing balances |
$37 |
| Total securities |
$44,481 |
| Federal funds sold & reverse repurchase |
$675 |
| Net loans and leases |
$30,217 |
| Loan and leases loss allowance |
$850 |
| Trading account assets |
$0 |
| Bank premises and fixed assets |
$292 |
| Other real estate owned |
$0 |
| Goodwill and other intangibles |
$0 |
| All other assets |
$734 |
Liabilities
| Liabilities |
Value (in 000's) |
| Total liabilities and capital |
$78,753 |
| Total Liabilities |
$68,912 |
| Total deposits |
$63,576 |
| Interest-bearing deposits |
$51,658 |
| Deposits held in domestic offices |
$63,576 |
| % insured (estimated) |
$90 |
| Federal funds purchased and repurchase agreements |
$0 |
| Trading liabilities |
$0 |
| Other borrowed funds |
$5,000 |
| Subordinated debt |
$0 |
| All other liabilities |
$336 |
Issued Loan Types
| Type |
Value (in 000's) |
| Net loans and leases |
$30,217 |
| Loan and leases loss allowance |
$850 |
| Total loans and leases (domestic) |
$31,067 |
| All real estate loans |
$21,169 |
| Real estate loans in domestic offices |
$21,169 |
| Construction and development loans |
$297 |
| Residential 1-4 family construction |
$252 |
| Other construction, all land development and other land |
$45 |
| Loans secured by nonfarm nonresidential properties |
$3,657 |
| Nonfarm nonresidential secured by owner-occupied properties |
$3,602 |
| Commercial real estate & other non-farm, non-residential |
$55 |
| Multifamily residential real estate |
$185 |
| 1-4 family residential loans |
$11,283 |
| Farmland loans |
$5,747 |
| Loans held in foreign offices |
$0 |
| Farm loans |
$4,842 |
| Commercial and industrial loans |
$2,972 |
| To non-U.S. addressees |
$0 |
| Loans to individuals |
$1,873 |
| Credit card loans |
$0 |
| Related Plans |
$0 |
| Consumer Auto Loans |
$659 |
| Other loans to individuals |
$1,214 |
| All other loans & leases |
$326 |
| Loans to foreign governments and official institutions |
$0 |
| Other loans |
$4 |
| 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 |
$693 |
| Non 1-4 family restructured loans & leases |
$1 |
| Total loans and leases (foreign) |
$0 |
The First National Bank of Ava had $30,217,000 of loans outstanding in 2021. $21,169,000 of loans were in real estate loans.
$297,000 of loans were in development loans. $185,000 of loans were in multifamily mortgage loans.
$11,283,000 of loans were in 1-4 family mortgage loans. $4,842,000 of loans were in farm loans. $0
of loans were in credit card loans. $659,000 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 |
33 |
$3,657 |
$110,818 |
| Nonfarm, nonresidential loans - <$100k |
15 |
$561 |
$37,400 |
| Nonfarm, nonresidential loans - $100-250k |
15 |
$1,624 |
$108,267 |
| Nonfarm, nonresidential loans - $250k-1MM |
3 |
$1,472 |
$490,667 |
| Commercial & Industrial, US addressed loans - <$1MM |
84 |
$2,971 |
$35,369 |
| Commercial & Industrial, US addressed loans - <$100k |
72 |
$1,474 |
$20,472 |
| Commercial & Industrial, US addressed loans - $100-250k |
11 |
$1,047 |
$95,182 |
| Commercial & Industrial, US addressed loans - $250k-1MM |
1 |
$450 |
$450,000 |
| Farmland loans - <$1MM |
50 |
$3,470 |
$69,400 |
| Farmland loans - <$100k |
32 |
$946 |
$29,563 |
| Farmland loans - $100-250k |
15 |
$1,857 |
$123,800 |
| Farmland loans - $250k-1MM |
3 |
$667 |
$222,333 |
| Agriculture operations loans - <$1MM |
107 |
$4,717 |
$44,084 |
| Agriculture operations loans - <$100k |
90 |
$2,152 |
$23,911 |
| Agriculture operations loans - $100-250k |
10 |
$1,133 |
$113,300 |
| Agriculture operations loans - $250k-1MM |
7 |
$1,432 |
$204,571 |