First National Community Bank Mortgage Rates, Fees & Info

New Richmond, WI

LEI: 549300Q26XXW77S35W27

Tax ID: 39-0501178

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

First National Community Bank is a smaller bank specializing in Refi and Home Purchase loans. First National Community Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets include Minneapolis, Eau Claire, Menomonie, Appleton, and Phoenix among others. First National Community Bank has an above average approval rate for mortages when compared nationally. They have an above average pick rate when compared to the same sample of other lendors.


Originations

434

Origination Dollar Volume (All Markets)

$110,190,000

Employee count

55

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 313 $74,995,000 $239,601 $0 0.00%
Outside of Metro Areas 99 $22,775,000 $230,051 $0 0.00%
EAU CLAIRE, WI (FHA|USDA|VA) 3 $6,355,000 $2,118,333 $0 0.00%
Menomonie, WI (FHA|USDA|VA) 5 $1,905,000 $381,000 $0 0.00%
APPLETON, WI (FHA|USDA|VA) 3 $1,235,000 $411,667 $0 0.00%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 4 $780,000 $195,000 $0 0.00%
Brainerd, MN (FHA|USDA|VA) 1 $545,000 $545,000 $0 0.00%
WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $475,000 $475,000 $0 0.00%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $355,000 $355,000 $0 0.00%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
ROCHESTER, MN (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
DULUTH, MN-WI (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
Escanaba, MI (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%

First National Community Bank's top markets include Minneapolis, Eau Claire, Menomonie, Appleton, and Phoenix among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 432 $109,790,000 $254,144 $0 0.00%
USDA 2 $400,000 $200,000 $0 0.00%

For the 2021 period, First National Community Bank's most frequently originated loan type of loans were Conventional, with 432 originations. Their 2nd most popular type is USDA, with 2 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 336 $86,200,000 $256,548 $0 0.00%
Home Purchase 97 $23,945,000 $246,856 $0 0.00%
Home Improvement 1 $45,000 $45,000 $0 0.00%

For the 2021, First National Community Bank's most frequently cited loan purpose of loans were Refi, with 336 originations. The 2nd most popular reason of loans were Home Purchase, with 97 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
Other 434 $110,190,000 $253,894 $0 0.00%

For the 2021, First National Community Bank's most frequently cited loan length of loans were Other, with 434 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 212 $58,390,000 $275,425 $0 0.00%
$100k-200k 152 $23,340,000 $153,553 $0 0.00%
$400k-600k 31 $14,975,000 $483,065 $0 0.00%
$100,000 or less 30 $2,240,000 $74,667 $0 0.00%
$600k-1MM 5 $3,315,000 $663,000 $0 0.00%
$1MM+ 4 $7,930,000 $1,982,500 $0 0.00%

2021 saw First National Community Bank place emphasis on $200k-400k loans with 212 originations, totaling $58,390,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 102 $25,090,000 $245,980 $0 0.00%
$50k-75k 93 $17,955,000 $193,065 $0 0.00%
$150k-250k 69 $19,455,000 $281,957 $0 0.00%
$75k-100k 69 $16,175,000 $234,420 $0 0.00%
$50k or less 48 $6,990,000 $145,625 $0 0.00%
$250k+ 23 $8,615,000 $374,565 $0 0.00%

First National Community Bank lent most frequently to those with incomes in the $100k-150k range, with 102 originations. The second most popular income band? $50k-75k, with 93 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
Exempt% 434 $110,190,000 $253,894 $0 0.00%

First National Community Bank lent most frequently to those with DTI ratios of Exempt%, with 434 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 394 $92,410,000 $234,543 $0 0.00%
Not applicable 27 $15,205,000 $563,148 $0 0.00%
Asian 6 $1,550,000 $258,333 $0 0.00%
Not provided 4 $590,000 $147,500 $0 0.00%
American Indian 2 $300,000 $150,000 $0 0.00%
Black 1 $135,000 $135,000 $0 0.00%

Approval Rates

Total approvals of all applications
94.22%

First National Community Bank has an average approval rate.

Pick Rate

Approvals leading to origination
95.22%

First National Community Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

Points and Fees

Points Originations Total Value Average Loan
Exempt 434 $110,190,000 $253,894

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
434 $110,190,000 $253,894

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
FIRST NATIONAL BANK OF OMAHA Other type of mortgage Struggling to pay mortgage 1 25.0%
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%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
First National Community Bank 109 E 2nd St New Richmond, WI 54017 Full Service B&M $158,938
First National Community Bank 111 State Road 35 North Dresser, WI 54009 Full Service B&M $20,243
First National Community Bank 531 Main Street Somerset, WI 54025 Full Service B&M $47,815
First National Community Bank 744 Ryan Drive Hudson, WI 54016 Full Service B&M $41,053

For 2021, First National Community Bank had 4 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $9,651
Net interest income $9,079
Total noninterest income $3,407
Gross Fiduciary activities income $0
Service charges on deposit accounts $187
Trading account gains and fees $0
Additional Noninterest Income $3,220
Pre-tax net operating income $4,374
Securities gains (or losses, -) $50
Income before extraordinary items $4,068
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $4,068
Minority interest net income $0
Net income $4,068
Sale, conversion, retirement of capital stock, net $0
Net operating income $4,022

First National Community Bank's gross interest income from loans was $9,651,000.
First National Community Bank's net interest income from loans was $9,079,000.
First National Community Bank's fee based income from loans was $187,000.
First National Community Bank's net income from loans was $4,068,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $572
Provision for credit losses $180
Total noninterest expense $7,932
Salaries and employee benefits $5,120
Premises and equipment expense $717
Additional noninterest expense $2,095
Applicable income taxes $356
Net charge-offs $-123
Cash dividends $1,950

First National Community Bank's interest expense for loans was $572,000.
First National Community Bank's payroll and benefits expense were $5,120,000.
First National Community Bank's property, plant and equipment expenses $717,000.

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 2.0%
Multifamily residential loans 0.0%
1-4 family residential loans 0.0%
HELOC loans 0.0%
All other family 1.0%
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 $283,706
Deposits held in domestic offices $283,706
Deposits by Individuals, partnerships, and corporations $265,695
Deposits by U.S. Government $120
Deposits by States and political subdivisions in the U.S. $17,891
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 $146,893
Demand deposits $88,954
Nontransaction accounts $136,813
Money market deposit accounts (MMDAs) $21,823
Other savings deposits (excluding MMDAs) $98,886
Total time deposits $16,103
Total time and savings deposits $194,752
Noninterest-bearing deposits $76,926
Interest-bearing deposits $206,780
Retail deposits $281,305
IRAs and Keogh plan accounts $4,396
Brokered deposits $0
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $314,483
Cash & Balances due from depository institutions $22,137
Interest-bearing balances $20,612
Total securities $113,941
Federal funds sold & reverse repurchase $342
Net loans and leases $164,410
Loan and leases loss allowance $2,441
Trading account assets $0
Bank premises and fixed assets $5,611
Other real estate owned $0
Goodwill and other intangibles $1,687
All other assets $6,355

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $314,483
Total Liabilities $290,372
Total deposits $283,706
Interest-bearing deposits $206,780
Deposits held in domestic offices $283,706
% insured (estimated) $71
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $5,000
Subordinated debt $0
All other liabilities $1,666

Issued Loan Types

Type Value (in 000's)
Net loans and leases $164,410
Loan and leases loss allowance $2,441
Total loans and leases (domestic) $166,851
All real estate loans $131,886
Real estate loans in domestic offices $131,886
Construction and development loans $17,450
Residential 1-4 family construction $7,551
Other construction, all land development and other land $9,899
Loans secured by nonfarm nonresidential properties $59,947
Nonfarm nonresidential secured by owner-occupied properties $48,435
Commercial real estate & other non-farm, non-residential $11,512
Multifamily residential real estate $3,072
1-4 family residential loans $50,417
Farmland loans $1,000
Loans held in foreign offices $0
Farm loans $519
Commercial and industrial loans $16,618
To non-U.S. addressees $0
Loans to individuals $7,107
Credit card loans $0
Related Plans $130
Consumer Auto Loans $5,218
Other loans to individuals $1,759
All other loans & leases $10,721
Loans to foreign governments and official institutions $0
Other loans $17
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 $1,691
Non 1-4 family restructured loans & leases $1,551
Total loans and leases (foreign) $0

First National Community Bank had $164,410,000 of loans outstanding in 2021. $131,886,000 of loans were in real estate loans. $17,450,000 of loans were in development loans. $3,072,000 of loans were in multifamily mortgage loans. $50,417,000 of loans were in 1-4 family mortgage loans. $519,000 of loans were in farm loans. $0 of loans were in credit card loans. $5,218,000 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 109 $27,141 $249,000
Nonfarm, nonresidential loans - <$100k 18 $827 $45,944
Nonfarm, nonresidential loans - $100-250k 35 $5,430 $155,143
Nonfarm, nonresidential loans - $250k-1MM 56 $20,884 $372,929
Commercial & Industrial, US addressed loans - <$1MM 185 $13,955 $75,432
Commercial & Industrial, US addressed loans - <$100k 134 $3,797 $28,336
Commercial & Industrial, US addressed loans - $100-250k 32 $3,669 $114,656
Commercial & Industrial, US addressed loans - $250k-1MM 19 $6,489 $341,526
Farmland loans - <$1MM 2 $477 $238,500
Farmland loans - $100-250k 1 $109 $109,000
Farmland loans - $250k-1MM 1 $368 $368,000