Lincoln Fsb Of Nebraska Mortgage Rates, Fees & Info

Lincoln, NE

LEI: 549300U82B82JH54TO79

Tax ID: 47-0221745

5 stars - out of 5 stars, based on 41 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Lincoln Fsb Of Nebraska is a smaller mortgage company specializing in Home Purchase and Refi loans. Lincoln Fsb Of Nebraska has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets include Lincoln, Omaha, Beatrice, Kearney, and Denver among others. Lincoln Fsb Of Nebraska has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Lincoln Fsb Of Nebraska is typically a low fee lendor.


Originations

1,686

Origination Dollar Volume (All Markets)

$367,360,000

Employee count

97 Show all (15) awards

Relative Rate

Lincoln Fsb Of Nebraska's average 30 year fixed rate mortgage of loans were 2.9%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.25%.

Relative Fees

Lincoln Fsb Of Nebraska's average total fees for a 30 year fixed rate mortgage are $2,394.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
LINCOLN, NE (FHA|USDA|VA) 1,299 $280,775,000 $216,147 $1,990 2.94%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 255 $59,465,000 $233,196 $2,570 2.90%
Outside of Metro Areas 49 $9,485,000 $193,571 $2,475 2.82%
Beatrice, NE (FHA|USDA|VA) 33 $5,425,000 $164,394 $2,101 2.84%
Kearney, NE (FHA|USDA|VA) 6 $1,530,000 $255,000 $3,652 2.75%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 2 $860,000 $430,000 $2,539 2.75%
Hastings, NE (FHA|USDA|VA) 6 $850,000 $141,667 $2,659 2.83%
North Platte, NE (FHA|USDA|VA) 4 $720,000 $180,000 $1,749 3.22%
ST. LOUIS, MO-IL (FHA|USDA|VA) 2 $670,000 $335,000 $2,045 2.38%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 2 $580,000 $290,000 $2,068 2.38%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $545,000 $545,000 $3,202 2.13%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $545,000 $545,000 $3,994 3.25%
FORT COLLINS, CO (FHA|USDA|VA) 2 $520,000 $260,000 $2,571 2.75%
Columbus, NE (FHA|USDA|VA) 2 $520,000 $260,000 $4,776 2.56%
Lexington, NE (FHA|USDA|VA) 3 $505,000 $168,333 $2,227 3.00%
Norfolk, NE (FHA|USDA|VA) 2 $500,000 $250,000 $5,540 2.56%
Fremont, NE (FHA|USDA|VA) 5 $465,000 $93,000 $2,601 2.63%
BOULDER, CO (FHA|USDA|VA) 1 $465,000 $465,000 $4,392 2.75%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $395,000 $395,000 $3,448 2.38%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $395,000 $395,000 $11,184 2.25%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 1 $375,000 $375,000 $2,765 2.13%
GREELEY, CO (FHA|USDA|VA) 1 $355,000 $355,000 $2,330 3.00%
KANSAS CITY, MO-KS (FHA|USDA|VA) 2 $290,000 $145,000 $3,081 2.69%
SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 1 $285,000 $285,000 $7,548 2.38%
GRAND ISLAND, NE (FHA|USDA|VA) 1 $255,000 $255,000 $1,687 2.38%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $235,000 $235,000 $2,914 2.25%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $175,000 $175,000 $1,808 2.75%
Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) 1 $175,000 $175,000 $2,258 2.75%

Lincoln Fsb Of Nebraska's top markets include Lincoln, Omaha, Beatrice, Kearney, and Denver among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 1,513 $327,365,000 $216,368 $1,784 2.96%
VA 82 $23,030,000 $280,854 $4,454 2.41%
FHA 81 $15,335,000 $189,321 $5,257 2.72%
USDA 10 $1,630,000 $163,000 $3,667 2.68%

For the 2021 period, Lincoln Fsb Of Nebraska's most frequently originated loan type of loans were Conventional, with 1,513 originations. Their 2nd most popular type is VA, with 82 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 898 $201,840,000 $224,766 $2,378 2.98%
Refi 471 $99,635,000 $211,539 $1,696 2.75%
Cash Out Refi 283 $61,905,000 $218,746 $2,189 2.93%
Other 26 $3,470,000 $133,462 $1,228 3.44%
Home Improvement 8 $510,000 $63,750 $624 4.63%

For the 2021, Lincoln Fsb Of Nebraska's most frequently cited loan purpose of loans were Home Purchase, with 898 originations. The 2nd most popular reason of loans were Refi, with 471 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 1,112 $258,080,000 $232,086 $2,394 2.90%
15 Year 258 $51,820,000 $200,853 $1,765 2.50%
20 Year 149 $33,035,000 $221,711 $1,849 3.19%
10 Year 70 $6,240,000 $89,143 $612 2.37%
1 Year 67 $10,785,000 $160,970 $922 4.80%
Other 27 $7,275,000 $269,444 $1,637 2.97%
5 Year 2 $100,000 $50,000 $191 4.25%
3 Year 1 $25,000 $25,000 $0 4.50%

For the 2021, Lincoln Fsb Of Nebraska's most frequently cited loan length of loans were 30 Year, with 1,112 originations. The 2nd most popular length of loans were 15 Year, with 258 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 1,307 $291,255,000 $222,842
$1k-2k 132 $25,970,000 $196,742
$2k-3k 26 $6,720,000 $258,462
$3k-4k 24 $6,210,000 $258,750
$5k+ 4 $1,800,000 $450,000

$2,394 of loans were Lincoln Fsb Of Nebraska's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 1,307 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 824 $188,420,000 $228,665
<2.5% 405 $94,945,000 $234,432
3-4% 351 $69,055,000 $196,738
4-5% 79 $9,985,000 $126,392
5-6% 27 $4,955,000 $183,519

During 2021, Lincoln Fsb Of Nebraska's average interest rate of loans were 2.90%, while their most frequently originated rate bucket of loans were 2.5-3%, with 824 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 734 $197,590,000 $269,196 $2,346 2.83%
$100k-200k 655 $99,145,000 $151,366 $1,994 2.98%
$100,000 or less 185 $11,505,000 $62,189 $991 3.15%
$400k-600k 96 $45,810,000 $477,188 $2,613 2.68%
$600k-1MM 13 $9,125,000 $701,923 $7,315 3.44%
$1MM+ 3 $4,185,000 $1,395,000 $0 3.42%

2021 saw Lincoln Fsb Of Nebraska place emphasis on $200k-400k loans with 734 originations, totaling $197,590,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 384 $67,080,000 $174,688 $2,165 2.82%
$100k-150k 363 $94,865,000 $261,336 $2,042 2.87%
$75k-100k 310 $68,260,000 $220,194 $2,234 2.88%
$50k or less 255 $36,575,000 $143,431 $2,116 2.84%
$150k-250k 202 $56,240,000 $278,416 $2,116 2.93%
$250k+ 42 $13,700,000 $326,190 $2,071 2.77%

Lincoln Fsb Of Nebraska lent most frequently to those with incomes in the $50k-75k range, with 384 originations. The second most popular income band? $100k-150k, with 363 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 341 $74,005,000 $217,023 $1,927 2.79%
30-36% 321 $72,185,000 $224,875 $2,102 2.87%
<20% 105 $22,495,000 $214,238 $1,751 2.75%
42% 68 $14,970,000 $220,147 $2,080 2.93%
40% 68 $14,750,000 $216,912 $1,941 2.79%
36% 67 $14,035,000 $209,478 $1,882 2.98%
44% 64 $14,370,000 $224,531 $2,370 2.92%
39% 61 $12,985,000 $212,869 $1,864 2.91%
43% 56 $11,740,000 $209,643 $2,276 2.88%
37% 55 $10,445,000 $189,909 $1,910 2.95%
41% 55 $11,405,000 $207,364 $2,540 2.92%
38% 53 $10,865,000 $205,000 $2,121 2.83%
49% 53 $11,505,000 $217,075 $2,145 2.71%
48% 37 $9,155,000 $247,432 $2,148 2.86%
45% 36 $7,670,000 $213,056 $2,210 2.89%
50-60% 34 $8,330,000 $245,000 $5,570 2.89%
46% 28 $6,730,000 $240,357 $2,445 2.94%
47% 25 $5,955,000 $238,200 $2,222 2.83%
>60% 2 $430,000 $215,000 $1,660 3.81%

Lincoln Fsb Of Nebraska lent most frequently to those with DTI ratios of 20-30%, with 341 originations. The next most common DTI ratio? 30-36%, with 321 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 1,392 $299,830,000 $215,395 $2,091 2.86%
Not applicable 104 $23,700,000 $227,885 $799 3.88%
Asian 77 $17,895,000 $232,403 $2,057 2.88%
Not provided 76 $17,360,000 $228,421 $2,751 2.71%
Black 22 $5,020,000 $228,182 $3,364 2.98%
American Indian 8 $2,010,000 $251,250 $2,183 2.78%
Asian Indian 3 $825,000 $275,000 $1,879 2.46%
Native Hawaiian 2 $450,000 $225,000 $1,916 2.94%
Samoan 1 $265,000 $265,000 $1,599 3.00%
1 $5,000 $5,000 $0 1.00%

Approval Rates

Total approvals of all applications
97.69%

Lincoln Fsb Of Nebraska 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
83.51%

Lincoln Fsb Of Nebraska has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 1,686 $367,360,000 $217,888

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
1,686 $367,360,000 $217,888

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 67 $7,375,000 $110,075 $1,352 3.19%
40-60% 220 $44,270,000 $201,227 $1,690 2.75%
60-80% 707 $165,535,000 $234,137 $1,887 2.95%
80-100% 629 $145,705,000 $231,645 $2,635 2.96%
Over 100% 10 $2,940,000 $294,000 $9,635 2.39%
Under 20% 53 $1,535,000 $28,962 $148 2.46%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Lincoln FSB of Nebraska 7005 O Street Lincoln, NE 68510 Full Service B&M $21,399
Lincoln FSB of Nebraska 1002 South Dewey North Platte, NE 69101 Full Service B&M $16,758
Lincoln FSB of Nebraska 1822 Washington Street Blair, NE 68008 Full Service B&M $15,131
Lincoln FSB of Nebraska 221 Norris Avenue Mccook, NE 69001 Full Service B&M $15,543
Lincoln FSB of Nebraska 2401 Superior Street Lincoln, NE 68521 Full Service B&M $9,787
Lincoln FSB of Nebraska 2810 Copper Ridge Drive, Suite 1 Lincoln, NE 68516 Full Service B&M $8,847
Lincoln FSB of Nebraska 415 East Sixth Street Fremont, NE 68025 Full Service B&M $19,261
Lincoln FSB of Nebraska 524 Chief Street Benkelman, NE 69021 Full Service B&M $14,612
Lincoln FSB of Nebraska 5705 S 86th Dr Lincoln, NE 68526 Full Service B&M $9,913
Lincoln FSB of Nebraska 631 West 2nd Hastings, NE 68901 Full Service B&M $32,655
Lincoln FSB of Nebraska 673 North 132nd Street Omaha, NE 68154 Full Service B&M $31,455
Lincoln FSB of Nebraska 720 4th Avenue Holdrege, NE 68949 Full Service B&M $13,065
Lincoln FSB of Nebraska 8400 Maddox Drive Lincoln, NE 68520 Full Service B&M $26,283

For 2021, Lincoln Fsb Of Nebraska had 13 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $10,298
Net interest income $8,359
Total noninterest income $8,413
Gross Fiduciary activities income $0
Service charges on deposit accounts $135
Trading account gains and fees $0
Additional Noninterest Income $8,278
Pre-tax net operating income $4,887
Securities gains (or losses, -) $512
Income before extraordinary items $4,186
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $4,186
Minority interest net income $0
Net income $4,186
Sale, conversion, retirement of capital stock, net $0
Net operating income $3,781

Lincoln Fsb Of Nebraska's gross interest income from loans was $10,298,000.
Lincoln Fsb Of Nebraska's net interest income from loans was $8,359,000.
Lincoln Fsb Of Nebraska's fee based income from loans was $135,000.
Lincoln Fsb Of Nebraska's net income from loans was $4,186,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $1,939
Provision for credit losses $0
Total noninterest expense $11,885
Salaries and employee benefits $8,146
Premises and equipment expense $1,435
Additional noninterest expense $2,304
Applicable income taxes $1,213
Net charge-offs $0
Cash dividends $10,000

Lincoln Fsb Of Nebraska's interest expense for loans was $1,939,000.
Lincoln Fsb Of Nebraska's payroll and benefits expense were $8,146,000.
Lincoln Fsb Of Nebraska's property, plant and equipment expenses $1,435,000.

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 1.0%
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 $230,195
Deposits held in domestic offices $230,195
Deposits by Individuals, partnerships, and corporations $230,195
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $0
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 $38,232
Demand deposits $17,799
Nontransaction accounts $191,963
Money market deposit accounts (MMDAs) $17,365
Other savings deposits (excluding MMDAs) $29,853
Total time deposits $144,745
Total time and savings deposits $212,396
Noninterest-bearing deposits $10,376
Interest-bearing deposits $219,818
Retail deposits $219,275
IRAs and Keogh plan accounts $14,167
Brokered deposits $0
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $312,460
Cash & Balances due from depository institutions $1,692
Interest-bearing balances $172
Total securities $86,991
Federal funds sold & reverse repurchase $0
Net loans and leases $202,212
Loan and leases loss allowance $5,000
Trading account assets $0
Bank premises and fixed assets $13,696
Other real estate owned $274
Goodwill and other intangibles $0
All other assets $7,595

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $312,460
Total Liabilities $268,727
Total deposits $230,195
Interest-bearing deposits $219,818
Deposits held in domestic offices $230,195
% insured (estimated) $92
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $36,600
Subordinated debt $0
All other liabilities $1,932

Issued Loan Types

Type Value (in 000's)
Net loans and leases $202,212
Loan and leases loss allowance $5,000
Total loans and leases (domestic) $207,212
All real estate loans $207,212
Real estate loans in domestic offices $207,212
Construction and development loans $17,858
Residential 1-4 family construction $12,986
Other construction, all land development and other land $4,872
Loans secured by nonfarm nonresidential properties $32,814
Nonfarm nonresidential secured by owner-occupied properties $2,752
Commercial real estate & other non-farm, non-residential $30,062
Multifamily residential real estate $26,570
1-4 family residential loans $129,970
Farmland loans $0
Loans held in foreign offices $0
Farm loans $0
Commercial and industrial loans $0
To non-U.S. addressees $0
Loans to individuals $0
Credit card loans $0
Related Plans $0
Consumer Auto Loans $0
Other loans to individuals $0
All other loans & leases $0
Loans to foreign governments and official institutions $0
Other loans $0
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 $0
Non 1-4 family restructured loans & leases $0
Total loans and leases (foreign) $0

Lincoln FSB of Nebraska had $202,212,000 of loans outstanding in 2021. $207,212,000 of loans were in real estate loans. $17,858,000 of loans were in development loans. $26,570,000 of loans were in multifamily mortgage loans. $129,970,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $0 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 36 $11,975 $332,639
Nonfarm, nonresidential loans - <$100k 5 $277 $55,400
Nonfarm, nonresidential loans - $100-250k 11 $1,593 $144,818
Nonfarm, nonresidential loans - $250k-1MM 20 $10,105 $505,250