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. Their top markets by origination volume include: Minneapolis, Eau Claire, Menomonie, Duluth, and Phoenix among others. We have data for 6 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. They have an above average pick rate when compared to similar lenders.

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Originations

132

Origination Dollar Volume (All Markets)

$72,990,000

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) 101 $59,535,000 $589,455 $0 0.00%
EAU CLAIRE, WI (FHA|USDA|VA) 3 $6,855,000 $2,285,000 $0 0.00%
Outside of Metro Areas 24 $5,680,000 $236,667 $0 0.00%
Menomonie, WI (FHA|USDA|VA) 2 $580,000 $290,000 $0 0.00%
DULUTH, MN-WI (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
First National Community Bank's top markets include Minneapolis, Eau Claire, Menomonie, Duluth, and Phoenix among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 132 $72,990,000 $552,955 $0 0.00%

    For 2022, First National Community Bank's most frequently originated type of loan was Conventional, with 132 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 66 $53,450,000 $809,848 $0 0.00%
    Refi 63 $18,785,000 $298,175 $0 0.00%
    Home Improvement 3 $755,000 $251,667 $0 0.00%

    For 2022, First National Community Bank's most frequently cited loan purpose was Home Purchase, with 66 originations. The 2nd most popular reason was Refi, with 63 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 132 $72,990,000 $552,955 $0 0.00%

    For 2022, First National Community Bank's most frequently cited loan duration was Other, with 132 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 62 $17,230,000 $277,903 $0 0.00%
    $100k-200k 36 $5,780,000 $160,556 $0 0.00%
    $400k-600k 17 $8,045,000 $473,235 $0 0.00%
    $100,000 or less 8 $560,000 $70,000 $0 0.00%
    $1MM+ 5 $38,575,000 $7,715,000 $0 0.00%
    $600k-1MM 4 $2,800,000 $700,000 $0 0.00%

    2022 saw First National Community Bank place emphasis on $200k-400k loans with 62 originations, totaling $17,230,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 25 $9,325,000 $373,000 $0 0.00%
    $100k-150k 24 $7,700,000 $320,833 $0 0.00%
    $50k-75k 23 $4,405,000 $191,522 $0 0.00%
    $75k-100k 21 $5,215,000 $248,333 $0 0.00%
    $50k or less 16 $2,380,000 $148,750 $0 0.00%
    $250k+ 8 $3,880,000 $485,000 $0 0.00%

    First National Community Bank lent most frequently to those with incomes in the $150k-250k range, with 25 originations. The second most popular income band? $100k-150k, with 24 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 132 $72,990,000 $552,955 $0 0.00%

    First National Community Bank lent most frequently to those with DTI ratios of Exempt%, with 132 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 15 $40,115,000 $2,674,333 $0 0.00%
    White 111 $31,235,000 $281,396 $0 0.00%
    Asian 3 $705,000 $235,000 $0 0.00%
    Other Asian 1 $505,000 $505,000 $0 0.00%
    Not provided 2 $430,000 $215,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.00%

    First National Community Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    95.45%

    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 132 $72,990,000 $552,955

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    132 $72,990,000 $552,955

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    FIRST CITIZENS BANCSHARES, INC. Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 100.0%