First National Community Bank Mortgage Rates, Fees & Info

New Richmond, WI

LEI: 549300Q26XXW77S35W27

Tax ID: 39-0501178

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Mortgage Data

Review & Overview

First National Community Bank is a smaller bank specializing in Home Purchase and Refi loans. First National Community Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Minneapolis, Madison, Oshkosh, Cape Coral, and Duluth among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)

First National Community Bank has an above average approval rate when compared to the average across all lenders.

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Originations

84

Origination Dollar Volume (All Markets)

$24,880,000

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
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 49 $13,915,000 $283,980 $0 0.00%
Outside of Metro Areas 27 $6,935,000 $256,852 $0 0.00%
MADISON, WI (FHA|USDA|VA) 1 $1,315,000 $1,315,000 $0 0.00%
OSHKOSH-NEENAH, WI (FHA|USDA|VA) 1 $995,000 $995,000 $0 0.00%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $475,000 $475,000 $0 0.00%
DULUTH, MN-WI (FHA|USDA|VA) 1 $325,000 $325,000 $0 0.00%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $255,000 $255,000 $0 0.00%
ROCHESTER, MN (FHA|USDA|VA) 1 $255,000 $255,000 $0 0.00%
Willmar, MN (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
First National Community Bank's top markets include Minneapolis, Madison, Oshkosh, Cape Coral, and Duluth among others.

Their top states include:
  • Wisconsin (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 83 $24,585,000 $296,205 $0 0.00%
    USDA 1 $295,000 $295,000 $0 0.00%

    For 2023, First National Community Bank's most frequently originated type of loan was Conventional, with 83 originations. Their 2nd most popular type was USDA, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 52 $13,050,000 $250,962 $0 0.00%
    Refi 32 $11,830,000 $369,688 $0 0.00%

    For 2023, First National Community Bank's most frequently cited loan purpose was Home Purchase, with 52 originations. The 2nd most popular reason was Refi, with 32 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 84 $24,880,000 $296,190 $0 0.00%

    For 2023, First National Community Bank's most frequently cited loan duration was Other, with 84 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 43 $11,875,000 $276,163 $0 0.00%
    $100k-200k 17 $2,675,000 $157,353 $0 0.00%
    $100,000 or less 10 $730,000 $73,000 $0 0.00%
    $400k-600k 9 $4,445,000 $493,889 $0 0.00%
    $600k-1MM 3 $2,535,000 $845,000 $0 0.00%
    $1MM+ 2 $2,620,000 $1,310,000 $0 0.00%

    2023 saw First National Community Bank place emphasis on $200k-400k loans with 43 originations, totaling $11,875,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 15 $3,155,000 $210,333 $0 0.00%
    $75k-100k 15 $4,075,000 $271,667 $0 0.00%
    $100k-150k 14 $3,930,000 $280,714 $0 0.00%
    $150k-250k 14 $3,940,000 $281,429 $0 0.00%
    $250k+ 10 $7,140,000 $714,000 $0 0.00%
    $50k or less 8 $1,040,000 $130,000 $0 0.00%

    First National Community Bank lent most frequently to those with incomes in the $50k-75k range, with 15 originations. The second most popular income band? $75k-100k, with 15 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 84 $24,880,000 $296,190 $0 0.00%

    First National Community Bank lent most frequently to those with DTI ratios of Exempt%, with 84 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 70 $21,980,000 $314,000 $0 0.00%
    Not applicable 8 $1,600,000 $200,000 $0 0.00%
    Not provided 4 $570,000 $142,500 $0 0.00%
    Samoan 1 $475,000 $475,000 $0 0.00%
    Asian 1 $255,000 $255,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    98.82%

    First National Community Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 84 $24,880,000 $296,190

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    84 $24,880,000 $296,190