The First National Bank Of Pandora Mortgage Rates, Fees & Info

Pandora, OH

LEI: 549300ROUYYKL22P3T17

Tax ID: 34-4324299

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Mortgage Data

Bank Data

Review & Overview

The First National Bank Of Pandora is a smaller bank specializing in Home Purchase, Cash Out Refi, and Refi loans. The First National Bank Of Pandora has a high proportion of conventional loans. Their top markets by origination volume include: Lima, Findlay, Toledo, Columbus, and Tiffin among others. We have data for 16 markets. (Some data included below & more in-depth data is available with an active subscription.)

The First National Bank Of Pandora 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

288

Origination Dollar Volume (All Markets)

$47,760,000

Employee count

45

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
LIMA, OH (FHA|USDA|VA) 110 $18,030,000 $163,909 $0 0.00%
Findlay, OH (FHA|USDA|VA) 93 $15,055,000 $161,882 $0 0.00%
Outside of Metro Areas 53 $7,945,000 $149,906 $0 0.00%
TOLEDO, OH (FHA|USDA|VA) 8 $1,600,000 $200,000 $0 0.00%
COLUMBUS, OH (FHA|USDA|VA) 6 $1,430,000 $238,333 $0 0.00%
Tiffin, OH (FHA|USDA|VA) 5 $745,000 $149,000 $0 0.00%
Coldwater, MI (FHA|USDA|VA) 2 $630,000 $315,000 $0 0.00%
Fremont, OH (FHA|USDA|VA) 2 $450,000 $225,000 $0 0.00%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $425,000 $425,000 $0 0.00%
Cullowhee, NC (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
Bellefontaine, OH (FHA|USDA|VA) 2 $260,000 $130,000 $0 0.00%
Wapakoneta, OH (FHA|USDA|VA) 1 $255,000 $255,000 $0 0.00%
DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
JACKSON, MI (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
Ashtabula, OH (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
The First National Bank Of Pandora's top markets include Lima, Findlay, Toledo, Columbus, and Tiffin among others.

Their top states include:
  • Ohio (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 288 $47,760,000 $165,833 $0 0.00%

    For 2021, The First National Bank Of Pandora's most frequently originated type of loan was Conventional, with 288 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 135 $22,315,000 $165,296 $0 0.00%
    Cash Out Refi 80 $14,230,000 $177,875 $0 0.00%
    Refi 70 $10,930,000 $156,143 $0 0.00%
    Other 3 $285,000 $95,000 $0 0.00%

    For 2021, The First National Bank Of Pandora's most frequently cited loan purpose was Home Purchase, with 135 originations. The 2nd most popular reason was Cash Out Refi, with 80 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 288 $47,760,000 $165,833 $0 0.00%

    For 2021, The First National Bank Of Pandora's most frequently cited loan duration was Other, with 288 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 144 $20,510,000 $142,431 $0 0.00%
    $100,000 or less 72 $5,070,000 $70,417 $0 0.00%
    $200k-400k 59 $15,575,000 $263,983 $0 0.00%
    $400k-600k 12 $5,510,000 $459,167 $0 0.00%
    $1MM+ 1 $1,095,000 $1,095,000 $0 0.00%

    2021 saw The First National Bank Of Pandora place emphasis on $100k-200k loans with 144 originations, totaling $20,510,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 61 $8,845,000 $145,000 $0 0.00%
    $50k or less 54 $5,830,000 $107,963 $0 0.00%
    $75k-100k 51 $8,435,000 $165,392 $0 0.00%
    $100k-150k 50 $9,390,000 $187,800 $0 0.00%
    $150k-250k 17 $4,325,000 $254,412 $0 0.00%
    $250k+ 9 $2,895,000 $321,667 $0 0.00%

    The First National Bank Of Pandora lent most frequently to those with incomes in the $50k-75k range, with 61 originations. The second most popular income band? $50k or less, with 54 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 288 $47,760,000 $165,833 $0 0.00%

    The First National Bank Of Pandora lent most frequently to those with DTI ratios of Exempt%, with 288 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 239 $38,745,000 $162,113 $0 0.00%
    Not applicable 44 $7,870,000 $178,864 $0 0.00%
    Asian 3 $695,000 $231,667 $0 0.00%
    Black 1 $305,000 $305,000 $0 0.00%
    Not provided 1 $145,000 $145,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.80%

    The First National Bank Of Pandora has an average approval rate.

    Pick Rate

    Approvals leading to origination
    92.36%

    The First National Bank Of Pandora has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 288 $47,760,000 $165,833

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    288 $47,760,000 $165,833

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The First National Bank of Pandora 102 East Main Street Pandora, OH 45877 Full Service B&M $91,002
    The First National Bank of Pandora 1114 Trenton Avenue Findlay, OH 45840 Full Service B&M $24,058
    The First National Bank of Pandora 112 Cherry Street Bluffton, OH 45817 Full Service B&M $56,700
    The First National Bank of Pandora 1630 Tiffin Avenue Findlay, OH 45840 Full Service B&M $21,481
    The First National Bank of Pandora 855 N. Locust St. Ottawa, OH 45875 Full Service B&M $13,747

    For 2021, The First National Bank Of Pandora had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $8,748
    Net interest income $8,173
    Total noninterest income $1,717
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $215
    Trading account gains and fees $0
    Additional Noninterest Income $1,502
    Pre-tax net operating income $2,748
    Securities gains (or losses, -) $0
    Income before extraordinary items $2,298
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,298
    Minority interest net income $0
    Net income $2,298
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,298

    The First National Bank Of Pandora's gross interest income from loans was $8,748,000.
    The First National Bank Of Pandora's net interest income from loans was $8,173,000.
    The First National Bank Of Pandora's fee based income from loans was $215,000.
    The First National Bank Of Pandora's net income from loans was $2,298,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $575
    Provision for credit losses $90
    Total noninterest expense $7,052
    Salaries and employee benefits $3,948
    Premises and equipment expense $598
    Additional noninterest expense $2,506
    Applicable income taxes $450
    Net charge-offs $-6
    Cash dividends $500

    The First National Bank Of Pandora's interest expense for loans was $575,000.
    The First National Bank Of Pandora's payroll and benefits expense were $3,948,000.
    The First National Bank Of Pandora's property, plant and equipment expenses $598,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    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 $216,362
    Deposits held in domestic offices $216,362
    Deposits by Individuals, partnerships, and corporations $174,919
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $41,443
    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 $101,699
    Demand deposits $20,700
    Nontransaction accounts $114,663
    Money market deposit accounts (MMDAs) $27,495
    Other savings deposits (excluding MMDAs) $42,658
    Total time deposits $44,510
    Total time and savings deposits $195,662
    Noninterest-bearing deposits $20,700
    Interest-bearing deposits $195,662
    Retail deposits $201,185
    IRAs and Keogh plan accounts $4,518
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $239,765
    Cash & Balances due from depository institutions $6,826
    Interest-bearing balances $4,602
    Total securities $70,426
    Federal funds sold & reverse repurchase $6,484
    Net loans and leases $142,842
    Loan and leases loss allowance $2,053
    Trading account assets $0
    Bank premises and fixed assets $3,359
    Other real estate owned $0
    Goodwill and other intangibles $1,052
    All other assets $8,776

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $239,765
    Total Liabilities $220,509
    Total deposits $216,362
    Interest-bearing deposits $195,662
    Deposits held in domestic offices $216,362
    % insured (estimated) $78
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $680
    Subordinated debt $0
    All other liabilities $3,467

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $142,842
    Loan and leases loss allowance $2,053
    Total loans and leases (domestic) $144,895
    All real estate loans $113,826
    Real estate loans in domestic offices $113,826
    Construction and development loans $4,479
    Residential 1-4 family construction $3,332
    Other construction, all land development and other land $1,147
    Loans secured by nonfarm nonresidential properties $38,963
    Nonfarm nonresidential secured by owner-occupied properties $25,103
    Commercial real estate & other non-farm, non-residential $13,860
    Multifamily residential real estate $4,399
    1-4 family residential loans $55,245
    Farmland loans $10,740
    Loans held in foreign offices $0
    Farm loans $5,071
    Commercial and industrial loans $18,400
    To non-U.S. addressees $0
    Loans to individuals $6,343
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $3,231
    Other loans to individuals $3,112
    All other loans & leases $1,255
    Loans to foreign governments and official institutions $0
    Other loans $5
    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 $1,471
    Non 1-4 family restructured loans & leases $1,309
    Total loans and leases (foreign) $0

    The First National Bank of Pandora had $142,842,000 of loans outstanding in 2021. $113,826,000 of loans were in real estate loans. $4,479,000 of loans were in development loans. $4,399,000 of loans were in multifamily mortgage loans. $55,245,000 of loans were in 1-4 family mortgage loans. $5,071,000 of loans were in farm loans. $0 of loans were in credit card loans. $3,231,000 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 209 $33,997 $162,665
    Nonfarm, nonresidential loans - <$100k 71 $3,002 $42,282
    Nonfarm, nonresidential loans - $100-250k 74 $8,587 $116,041
    Nonfarm, nonresidential loans - $250k-1MM 64 $22,408 $350,125
    Commercial & Industrial, US addressed loans - <$1MM 301 $16,213 $53,864
    Commercial & Industrial, US addressed loans - <$100k 224 $3,794 $16,938
    Commercial & Industrial, US addressed loans - $100-250k 51 $4,179 $81,941
    Commercial & Industrial, US addressed loans - $250k-1MM 26 $8,240 $316,923
    Farmland loans - <$1MM 75 $8,828 $117,707
    Farmland loans - <$100k 25 $1,061 $42,440
    Farmland loans - $100-250k 33 $3,874 $117,394
    Farmland loans - $250k-1MM 17 $3,893 $229,000
    Agriculture operations loans - <$1MM 83 $3,823 $46,060
    Agriculture operations loans - <$100k 60 $1,512 $25,200
    Agriculture operations loans - $100-250k 19 $1,568 $82,526
    Agriculture operations loans - $250k-1MM 4 $743 $185,750