Fcn Bank Mortgage Rates, Fees & Info
Brookville, IN
LEI: 549300XYOAX0LV89BL94
Tax ID: 35-0320211
5 stars
-
out of 5 stars, based on 21 reviews
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Mortgage Data
Bank Data
Overview
Fcn Bank is a
smaller
bank
specializing in
Cash Out Refi, Home Purchase, and Refi loans.
Fcn Bank has a high proportion of conventional loans.
Their top markets include Cincinnati, Connersville, Greensburg, Indianapolis, and Richmond among others. Fcn Bank 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.
Fcn Bank is typically
an average fee
lendor.
Originations
449
Origination Dollar Volume (All Markets)
$83,065,000
Employee count
129
Relative Rate
Fcn Bank's average 30 year fixed rate mortgage of loans were
3.22%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of 0.07%.
Relative Fees
Fcn Bank's average total fees for a 30 year fixed rate
mortgage are $3,503.
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 |
|
CINCINNATI, OH-KY-IN (FHA|USDA|VA)
|
309
|
$62,685,000 |
$202,864 |
$3,041 |
3.11% |
|
Outside of Metro Areas
|
70 |
$11,470,000 |
$163,857 |
$2,458 |
3.00% |
|
Connersville, IN (FHA|USDA|VA)
|
48
|
$5,290,000 |
$110,208 |
$2,400 |
3.13% |
|
Greensburg, IN (FHA|USDA|VA)
|
6
|
$1,040,000 |
$173,333 |
$2,690 |
3.15% |
|
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA)
|
4
|
$500,000 |
$125,000 |
$2,156 |
4.03% |
|
Richmond, IN (FHA|USDA|VA)
|
4
|
$500,000 |
$125,000 |
$3,796 |
3.25% |
|
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA)
|
1
|
$345,000 |
$345,000 |
$11,929 |
4.13% |
|
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA)
|
1
|
$265,000 |
$265,000 |
$5,408 |
2.88% |
|
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA)
|
1
|
$205,000 |
$205,000 |
$2,869 |
3.25% |
|
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA)
|
1
|
$205,000 |
$205,000 |
$4,630 |
2.88% |
|
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA)
|
1
|
$185,000 |
$185,000 |
$8,465 |
4.00% |
|
DAYTON-KETTERING, OH (FHA|USDA|VA)
|
1
|
$175,000 |
$175,000 |
$0 |
4.00% |
|
COLUMBUS, IN (FHA|USDA|VA)
|
1
|
$145,000 |
$145,000 |
$2,154 |
3.00% |
|
KNOXVILLE, TN (FHA|USDA|VA)
|
1
|
$55,000 |
$55,000 |
$2,464 |
2.50% |
Fcn Bank's top markets include Cincinnati, Connersville, Greensburg, Indianapolis, and Richmond among others.
Product Mix
| Loan Type |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| Conventional |
449 |
$83,065,000 |
$185,000 |
$2,913 |
3.11% |
For the 2021 period, Fcn Bank's most frequently
originated loan type
of loans were Conventional, with 449 originations.
Loan Reason
| Loan Reason |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| Cash Out Refi |
173 |
$26,575,000 |
$153,613 |
$3,247 |
2.97% |
| Home Purchase |
134 |
$28,110,000 |
$209,776 |
$3,159 |
3.30% |
| Refi |
131 |
$28,035,000 |
$214,008 |
$2,463 |
2.88% |
| Other |
10 |
$330,000 |
$33,000 |
$300 |
5.56% |
| Home Improvement |
1 |
$15,000 |
$15,000 |
$350 |
7.25% |
For the 2021, Fcn Bank's most frequently cited loan
purpose
of loans were Cash Out Refi, with 173
originations.
The 2nd most popular reason of loans were Home Purchase,
with 134 originations.
Loan Duration/Length
| Loan Length |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| 30 Year |
223 |
$39,295,000 |
$176,211 |
$3,503 |
3.22% |
| 15 Year |
129 |
$19,055,000 |
$147,713 |
$2,257 |
2.62% |
| 20 Year |
46 |
$8,140,000 |
$176,957 |
$2,615 |
3.33% |
| Other |
26 |
$14,540,000 |
$559,231 |
$1,038 |
3.87% |
| 10 Year |
22 |
$2,000,000 |
$90,909 |
$1,669 |
3.32% |
| 5 Year |
3 |
$35,000 |
$11,667 |
$183 |
4.63% |
For the 2021, Fcn Bank's most frequently cited loan
length
of loans were 30 Year, with 223 originations.
The 2nd most popular length of loans were 15 Year,
with 129 originations.
Origination Fees
| Origination Fee |
Originations |
Total Value |
Average Loan |
| $1k-2k |
130 |
$18,940,000 |
$145,692 |
| $<1k |
128 |
$14,970,000 |
$116,953 |
| $2k-3k |
66 |
$11,980,000 |
$181,515 |
| $3k-4k |
53 |
$11,245,000 |
$212,170 |
| $5k+ |
25 |
$6,195,000 |
$247,800 |
$3,503 of loans were Fcn Bank's
average total fees, while their most
frequently occuring range of origination fees were in the
$1k-2k bucket,
with 130 originations.
Interest Rates
| Loan Rate |
Originations |
Total Value |
Average Loan |
| 3-4% |
176 |
$40,870,000 |
$232,216 |
| 2.5-3% |
145 |
$24,945,000 |
$172,034 |
| <2.5% |
103 |
$14,335,000 |
$139,175 |
| 4-5% |
18 |
$2,740,000 |
$152,222 |
| 6-7% |
5 |
$155,000 |
$31,000 |
| 5-6% |
1 |
$5,000 |
$5,000 |
| 7-8% |
1 |
$15,000 |
$15,000 |
During 2021, Fcn Bank's average interest
rate of loans were 3.22%, while their
most frequently originated rate bucket of loans were 3-4%,
with 176 originations.
Loan Sizing
| Loan Size |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| $100k-200k |
217 |
$31,725,000 |
$146,198 |
$2,946 |
3.02% |
| $100,000 or less |
118 |
$7,960,000 |
$67,458 |
$1,934 |
3.21% |
| $200k-400k |
93 |
$24,505,000 |
$263,495 |
$3,914 |
3.09% |
| $400k-600k |
10 |
$4,730,000 |
$473,000 |
$5,460 |
3.47% |
| $600k-1MM |
6 |
$4,710,000 |
$785,000 |
$2,609 |
3.48% |
| $1MM+ |
5 |
$9,435,000 |
$1,887,000 |
$0 |
3.75% |
2021 saw Fcn Bank place emphasis on
$100k-200k loans
with 217 originations, totaling
$31,725,000 in origination value.
Applicant Income
| Applicant Income |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| $50k-75k |
106 |
$14,100,000 |
$133,019 |
$2,717 |
3.07% |
| $100k-150k |
88 |
$15,610,000 |
$177,386 |
$3,190 |
3.02% |
| $50k or less |
88 |
$8,850,000 |
$100,568 |
$2,252 |
3.04% |
| $75k-100k |
81 |
$14,095,000 |
$174,012 |
$3,306 |
2.98% |
| $150k-250k |
31 |
$7,505,000 |
$242,097 |
$3,845 |
3.01% |
| $250k+ |
9 |
$3,275,000 |
$363,889 |
$2,295 |
2.92% |
Fcn Bank lent most frequently to those with incomes in the
$50k-75k range, with
106 originations.
The second most popular income band? $100k-150k,
with 88 originations.
Applicant Debt to Income Ratio
| DTI Ratio |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| 20-30% |
131 |
$20,845,000 |
$159,122 |
$2,623 |
3.03% |
| 30-36% |
89 |
$16,075,000 |
$180,618 |
$3,417 |
3.04% |
| <20% |
81 |
$10,305,000 |
$127,222 |
$2,495 |
2.90% |
| 36% |
15 |
$1,825,000 |
$121,667 |
$2,997 |
3.41% |
| 41% |
14 |
$2,570,000 |
$183,571 |
$2,967 |
2.98% |
| 37% |
10 |
$1,930,000 |
$193,000 |
$3,879 |
3.00% |
| 42% |
9 |
$1,495,000 |
$166,111 |
$3,803 |
3.22% |
| 40% |
9 |
$1,235,000 |
$137,222 |
$2,981 |
3.06% |
| 44% |
7 |
$1,285,000 |
$183,571 |
$4,619 |
3.14% |
| 45% |
6 |
$800,000 |
$133,333 |
$3,426 |
3.33% |
| 39% |
6 |
$1,310,000 |
$218,333 |
$2,865 |
2.98% |
| 46% |
5 |
$725,000 |
$145,000 |
$2,531 |
2.88% |
| 38% |
5 |
$605,000 |
$121,000 |
$2,707 |
2.93% |
| 43% |
4 |
$490,000 |
$122,500 |
$2,000 |
2.81% |
| 47% |
4 |
$700,000 |
$175,000 |
$3,628 |
3.06% |
| 48% |
3 |
$545,000 |
$181,667 |
$3,332 |
3.13% |
| 49% |
2 |
$260,000 |
$130,000 |
$1,841 |
3.00% |
| 50-60% |
2 |
$210,000 |
$105,000 |
$2,245 |
2.88% |
| >60% |
1 |
$225,000 |
$225,000 |
$1,964 |
3.38% |
Fcn Bank lent most frequently to those with DTI ratios
of 20-30%, with
131 originations.
The next most common DTI ratio? 30-36%,
with 89 originations.
Ethnicity Mix
| Applicant Ethnicity |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| White |
378 |
$59,220,000 |
$156,667 |
$2,917 |
3.03% |
| Not applicable |
42 |
$19,330,000 |
$460,238 |
$0 |
3.84% |
| Not provided |
25 |
$3,935,000 |
$157,400 |
$2,878 |
2.98% |
| Black |
2 |
$420,000 |
$210,000 |
$4,080 |
3.19% |
| American Indian |
2 |
$160,000 |
$80,000 |
$1,459 |
3.19% |
Approval Rates
Total approvals of all applications
90.12%
Fcn Bank has an average approval rate.
Pick Rate
Approvals leading to origination
86.92%
Fcn Bank has an average pick rate.
Points and Fees
| Points |
Originations |
Total Value |
Average Loan |
| NA |
449 |
$83,065,000 |
$185,000 |
Occupancy Type Mix
| Dwelling Type |
Originations |
Total Value |
Average Loan |
|
449 |
$83,065,000 |
$185,000 |
LTV Distribution
| Loan to Value |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| 20-40% |
42 |
$3,920,000 |
$93,333 |
$1,727 |
2.85% |
| 40-60% |
83 |
$10,555,000 |
$127,169 |
$2,072 |
2.81% |
| 60-80% |
193 |
$35,755,000 |
$185,259 |
$3,640 |
3.09% |
| 80-100% |
105 |
$20,785,000 |
$197,952 |
$3,108 |
3.19% |
| Over 100% |
13 |
$11,425,000 |
$878,846 |
$0 |
3.88% |
| Under 20% |
13 |
$625,000 |
$48,077 |
$620 |
4.73% |
Bank Details
Branches
| Bank Name |
Branch |
Branch Type |
Deposits (000's) |
| Fcn Bank, National Association |
105 W. Third Street Connersville, IN 47331 |
Full Service B&M
|
$31,388 |
| Fcn Bank, National Association |
1060 State Road 229 North Batesville, IN 47006 |
Full Service B&M
|
$150,590 |
| Fcn Bank, National Association |
226 North Meridian Street Sunman, IN 47041 |
Full Service B&M
|
$89,047 |
| Fcn Bank, National Association |
501 Main St Brookville, IN 47012 |
Full Service B&M
|
$170,316 |
| Fcn Bank, National Association |
590 Ring Road Harrison, OH 45030 |
Full Service B&M
|
$64,531 |
| Fcn Bank, National Association |
595 West Eads Parkway Lawrenceburg, IN 47025 |
Full Service B&M
|
$114,063 |
For 2021, Fcn Bank had 6 branches.
Yearly Performance Overview
Bank Income
Fcn Bank's gross interest income from loans was $21,083,000.
Fcn Bank's net interest income from loans was $18,003,000.
Fcn Bank's fee based income from loans was $371,000.
Fcn Bank's net income from loans was $7,928,000.
Bank Expenses
| Item |
Value (in 000's) |
| Total interest expense |
$3,080 |
| Provision for credit losses |
$240 |
| Total noninterest expense |
$14,394 |
| Salaries and employee benefits |
$8,555 |
| Premises and equipment expense |
$1,385 |
| Additional noninterest expense |
$4,454 |
| Applicable income taxes |
$1,153 |
| Net charge-offs |
$-148 |
| Cash dividends |
$6,163 |
Fcn Bank's interest expense for loans was $3,080,000.
Fcn Bank's payroll and benefits expense were $8,555,000.
Fcn Bank's property, plant and equipment expenses $1,385,000.
Deposits
| Type |
Value (in 000's) |
| Total deposits |
$625,426 |
| Deposits held in domestic offices |
$625,426 |
| Deposits by Individuals, partnerships, and corporations |
$563,436 |
| Deposits by U.S. Government |
$0 |
| Deposits by States and political subdivisions in the U.S. |
$61,990 |
| 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 |
$264,405 |
| Demand deposits |
$137,687 |
| Nontransaction accounts |
$361,021 |
| Money market deposit accounts (MMDAs) |
$94,215 |
| Other savings deposits (excluding MMDAs) |
$137,058 |
| Total time deposits |
$129,748 |
| Total time and savings deposits |
$487,739 |
| Noninterest-bearing deposits |
$137,687 |
| Interest-bearing deposits |
$487,739 |
| Retail deposits |
$603,586 |
| IRAs and Keogh plan accounts |
$26,096 |
| Brokered deposits |
$0 |
| Deposits held in foreign offices |
$0 |
Assets
| Asset |
Value (in 000's) |
| Total Assets |
$721,883 |
| Cash & Balances due from depository institutions |
$11,781 |
| Interest-bearing balances |
$7,522 |
| Total securities |
$331,793 |
| Federal funds sold & reverse repurchase |
$0 |
| Net loans and leases |
$336,744 |
| Loan and leases loss allowance |
$5,201 |
| Trading account assets |
$0 |
| Bank premises and fixed assets |
$11,784 |
| Other real estate owned |
$40 |
| Goodwill and other intangibles |
$7,612 |
| All other assets |
$22,129 |
Liabilities
| Liabilities |
Value (in 000's) |
| Total liabilities and capital |
$721,883 |
| Total Liabilities |
$649,307 |
| Total deposits |
$625,426 |
| Interest-bearing deposits |
$487,739 |
| Deposits held in domestic offices |
$625,426 |
| % insured (estimated) |
$81 |
| Federal funds purchased and repurchase agreements |
$19,729 |
| Trading liabilities |
$0 |
| Other borrowed funds |
$0 |
| Subordinated debt |
$0 |
| All other liabilities |
$4,152 |
Issued Loan Types
| Type |
Value (in 000's) |
| Net loans and leases |
$336,744 |
| Loan and leases loss allowance |
$5,201 |
| Total loans and leases (domestic) |
$341,945 |
| All real estate loans |
$272,866 |
| Real estate loans in domestic offices |
$272,866 |
| Construction and development loans |
$19,278 |
| Residential 1-4 family construction |
$5,957 |
| Other construction, all land development and other land |
$13,321 |
| Loans secured by nonfarm nonresidential properties |
$86,197 |
| Nonfarm nonresidential secured by owner-occupied properties |
$44,838 |
| Commercial real estate & other non-farm, non-residential |
$41,359 |
| Multifamily residential real estate |
$20,598 |
| 1-4 family residential loans |
$123,601 |
| Farmland loans |
$23,192 |
| Loans held in foreign offices |
$0 |
| Farm loans |
$15,221 |
| Commercial and industrial loans |
$38,653 |
| To non-U.S. addressees |
$0 |
| Loans to individuals |
$7,697 |
| Credit card loans |
$2 |
| Related Plans |
$60 |
| Consumer Auto Loans |
$4,243 |
| Other loans to individuals |
$3,392 |
| All other loans & leases |
$8,197 |
| Loans to foreign governments and official institutions |
$0 |
| Other loans |
$256 |
| Loans to depository institutions and acceptances of other banks |
$1,250 |
| Loans not secured by real estate |
$0 |
| Loans secured by real estate to non-U.S. addressees |
$0 |
| Restructured Loans & leases |
$2,575 |
| Non 1-4 family restructured loans & leases |
$941 |
| Total loans and leases (foreign) |
$0 |
FCN Bank had $336,744,000 of loans outstanding in 2021. $272,866,000 of loans were in real estate loans.
$19,278,000 of loans were in development loans. $20,598,000 of loans were in multifamily mortgage loans.
$123,601,000 of loans were in 1-4 family mortgage loans. $15,221,000 of loans were in farm loans. $2,000
of loans were in credit card loans. $4,243,000 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 |
176 |
$30,787 |
$174,926 |
| Nonfarm, nonresidential loans - <$100k |
48 |
$1,800 |
$37,500 |
| Nonfarm, nonresidential loans - $100-250k |
64 |
$7,140 |
$111,563 |
| Nonfarm, nonresidential loans - $250k-1MM |
64 |
$21,847 |
$341,359 |
| Commercial & Industrial, US addressed loans - <$1MM |
274 |
$21,487 |
$78,420 |
| Commercial & Industrial, US addressed loans - <$100k |
172 |
$4,609 |
$26,797 |
| Commercial & Industrial, US addressed loans - $100-250k |
58 |
$5,601 |
$96,569 |
| Commercial & Industrial, US addressed loans - $250k-1MM |
44 |
$11,277 |
$256,295 |
| Farmland loans - <$1MM |
124 |
$15,361 |
$123,879 |
| Farmland loans - <$100k |
40 |
$1,419 |
$35,475 |
| Farmland loans - $100-250k |
51 |
$5,219 |
$102,333 |
| Farmland loans - $250k-1MM |
33 |
$8,723 |
$264,333 |
| Agriculture operations loans - <$1MM |
90 |
$6,095 |
$67,722 |
| Agriculture operations loans - <$100k |
65 |
$1,575 |
$24,231 |
| Agriculture operations loans - $100-250k |
15 |
$2,048 |
$136,533 |
| Agriculture operations loans - $250k-1MM |
10 |
$2,472 |
$247,200 |
