Fcn Bank Mortgage Rates, Fees & Info

Brookville, IN

LEI: 549300XYOAX0LV89BL94

Tax ID: 35-0320211

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Mortgage Data

Bank Data

Review & Overview

Fcn Bank is a smaller bank specializing in Refi and Cash Out Refi loans. Fcn Bank has a high proportion of conventional loans. Their top markets by origination volume include: Cincinnati, Connersville, Indianapolis, Greensburg, and Richmond among others. We have data for 16 markets. (Some data included below & more in-depth data is available with an active subscription.)

Fcn Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.27% 3/28/24
30 Year Conventional Purchase 6.87% 3/28/24
30 Year Conventional Refi 6.89% 3/28/24
30 Year Cash-out Refi 7.03% 3/28/24
15 Year Conventional Purchase 6.82% 3/28/24
15 Year Conventional Refi 6.49% 3/28/24
15 Year Cash-out Refi 6.49% 3/28/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Fcn Bank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Fcn Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

789

Origination Dollar Volume (All Markets)

$141,785,000

Employee count

126

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
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 566 $104,760,000 $185,088 $0 0.00%
Outside of Metro Areas 132 $23,640,000 $179,091 $0 0.00%
Connersville, IN (FHA|USDA|VA) 56 $7,180,000 $128,214 $0 0.00%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 11 $2,275,000 $206,818 $0 0.00%
Greensburg, IN (FHA|USDA|VA) 10 $1,360,000 $136,000 $0 0.00%
Richmond, IN (FHA|USDA|VA) 4 $640,000 $160,000 $0 0.00%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $505,000 $505,000 $0 0.00%
BLOOMINGTON, IN (FHA|USDA|VA) 1 $355,000 $355,000 $0 0.00%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $295,000 $295,000 $0 0.00%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
Ogdensburg-Massena, NY (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
North Vernon, IN (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
MUNCIE, IN (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
TERRE HAUTE, IN (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
Fcn Bank's top markets include Cincinnati, Connersville, Indianapolis, Greensburg, and Richmond among others.

Their top states include:
  • Indiana (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 789 $141,785,000 $179,702 $0 0.00%

    For 2020, Fcn Bank's most frequently originated type of loan was Conventional, with 789 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 370 $71,090,000 $192,135 $0 0.00%
    Cash Out Refi 254 $42,250,000 $166,339 $0 0.00%
    Home Purchase 155 $28,015,000 $180,742 $0 0.00%
    Other 9 $415,000 $46,111 $0 0.00%
    Home Improvement 1 $15,000 $15,000 $0 0.00%

    For 2020, Fcn Bank's most frequently cited loan purpose was Refi, with 370 originations. The 2nd most popular reason was Cash Out Refi, with 254 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 789 $141,785,000 $179,702 $0 0.00%

    For 2020, Fcn Bank's most frequently cited loan duration was Other, with 789 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 373 $53,955,000 $144,651 $0 0.00%
    $200k-400k 223 $59,675,000 $267,601 $0 0.00%
    $100,000 or less 169 $11,505,000 $68,077 $0 0.00%
    $400k-600k 16 $7,590,000 $474,375 $0 0.00%
    $1MM+ 4 $6,210,000 $1,552,500 $0 0.00%
    $600k-1MM 4 $2,850,000 $712,500 $0 0.00%

    2020 saw Fcn Bank place emphasis on $100k-200k loans with 373 originations, totaling $53,955,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 166 $32,990,000 $198,735 $0 0.00%
    $50k-75k 156 $22,540,000 $144,487 $0 0.00%
    $75k-100k 155 $25,945,000 $167,387 $0 0.00%
    $50k or less 145 $16,065,000 $110,793 $0 0.00%
    $150k-250k 90 $20,140,000 $223,778 $0 0.00%
    $250k+ 26 $7,900,000 $303,846 $0 0.00%

    Fcn Bank lent most frequently to those with incomes in the $100k-150k range, with 166 originations. The second most popular income band? $50k-75k, with 156 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 789 $141,785,000 $179,702 $0 0.00%

    Fcn Bank lent most frequently to those with DTI ratios of Exempt%, with 789 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 717 $121,045,000 $168,821 $0 0.00%
    Not applicable 29 $12,835,000 $442,586 $0 0.00%
    Not provided 33 $6,145,000 $186,212 $0 0.00%
    Asian 4 $870,000 $217,500 $0 0.00%
    American Indian 5 $785,000 $157,000 $0 0.00%
    Native Hawaiian or Islander 1 $105,000 $105,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.50%

    Fcn Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.97%

    Fcn Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 789 $141,785,000 $179,702

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 10 $7,760,000 $776,000
    Single Family (1-4 Units):Manufactured 17 $1,355,000 $79,706
    Single Family (1-4 Units):Site-Built 762 $132,670,000 $174,108

    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 $25,991
    Fcn Bank, National Association 1060 State Road 229 North Batesville, IN 47006 Full Service B&M $129,117
    Fcn Bank, National Association 226 North Meridian Street Sunman, IN 47041 Full Service B&M $86,617
    Fcn Bank, National Association 501 Main St Brookville, IN 47012 Full Service B&M $150,981
    Fcn Bank, National Association 590 Ring Road Harrison, OH 45030 Full Service B&M $57,001
    Fcn Bank, National Association 595 West Eads Parkway Lawrenceburg, IN 47025 Full Service B&M $108,034

    For 2020, Fcn Bank had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $20,273
    Net interest income $16,642
    Total noninterest income $5,728
    Gross Fiduciary activities income $17
    Service charges on deposit accounts $351
    Trading account gains and fees $0
    Additional Noninterest Income $5,360
    Pre-tax net operating income $7,138
    Securities gains (or losses, -) $1,047
    Income before extraordinary items $6,896
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $6,896
    Minority interest net income $0
    Net income $6,896
    Sale, conversion, retirement of capital stock, net $16,593
    Net operating income $6,016

    Fcn Bank's gross interest income from loans was $20,273,000.
    Fcn Bank's net interest income from loans was $16,642,000.
    Fcn Bank's fee based income from loans was $351,000.
    Fcn Bank's net income from loans was $6,896,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,631
    Provision for credit losses $1,280
    Total noninterest expense $13,952
    Salaries and employee benefits $7,979
    Premises and equipment expense $1,269
    Additional noninterest expense $4,704
    Applicable income taxes $1,289
    Net charge-offs $-84
    Cash dividends $6,750

    Fcn Bank's interest expense for loans was $3,631,000.
    Fcn Bank's payroll and benefits expense were $7,979,000.
    Fcn Bank's property, plant and equipment expenses $1,269,000.

    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 $579,549
    Deposits held in domestic offices $579,549
    Deposits by Individuals, partnerships, and corporations $518,632
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $60,917
    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 $239,241
    Demand deposits $132,279
    Nontransaction accounts $340,308
    Money market deposit accounts (MMDAs) $68,300
    Other savings deposits (excluding MMDAs) $121,014
    Total time deposits $150,994
    Total time and savings deposits $447,270
    Noninterest-bearing deposits $132,279
    Interest-bearing deposits $447,270
    Retail deposits $552,244
    IRAs and Keogh plan accounts $26,768
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $681,318
    Cash & Balances due from depository institutions $37,204
    Interest-bearing balances $15,859
    Total securities $233,715
    Federal funds sold & reverse repurchase $0
    Net loans and leases $371,958
    Loan and leases loss allowance $4,813
    Trading account assets $0
    Bank premises and fixed assets $8,639
    Other real estate owned $21
    Goodwill and other intangibles $7,400
    All other assets $22,381

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $681,318
    Total Liabilities $606,668
    Total deposits $579,549
    Interest-bearing deposits $447,270
    Deposits held in domestic offices $579,549
    % insured (estimated) $82
    Federal funds purchased and repurchase agreements $15,948
    Trading liabilities $0
    Other borrowed funds $6,000
    Subordinated debt $0
    All other liabilities $5,171

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $371,958
    Loan and leases loss allowance $4,813
    Total loans and leases (domestic) $376,771
    All real estate loans $293,127
    Real estate loans in domestic offices $293,127
    Construction and development loans $22,974
    Residential 1-4 family construction $9,296
    Other construction, all land development and other land $13,678
    Loans secured by nonfarm nonresidential properties $84,864
    Nonfarm nonresidential secured by owner-occupied properties $51,353
    Commercial real estate & other non-farm, non-residential $33,511
    Multifamily residential real estate $13,917
    1-4 family residential loans $142,431
    Farmland loans $28,941
    Loans held in foreign offices $0
    Farm loans $17,726
    Commercial and industrial loans $54,131
    To non-U.S. addressees $0
    Loans to individuals $8,125
    Credit card loans $3
    Related Plans $61
    Consumer Auto Loans $5,076
    Other loans to individuals $2,985
    All other loans & leases $4,631
    Loans to foreign governments and official institutions $0
    Other loans $850
    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 $1,325
    Non 1-4 family restructured loans & leases $356
    Total loans and leases (foreign) $0

    FCN Bank had $371,958,000 of loans outstanding in 2020. $293,127,000 of loans were in real estate loans. $22,974,000 of loans were in development loans. $13,917,000 of loans were in multifamily mortgage loans. $142,431,000 of loans were in 1-4 family mortgage loans. $17,726,000 of loans were in farm loans. $3,000 of loans were in credit card loans. $5,076,000 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 191 $34,700 $181,675
    Nonfarm, nonresidential loans - <$100k 50 $1,910 $38,200
    Nonfarm, nonresidential loans - $100-250k 71 $8,158 $114,901
    Nonfarm, nonresidential loans - $250k-1MM 70 $24,632 $351,886
    Commercial & Industrial, US addressed loans - <$1MM 520 $36,606 $70,396
    Commercial & Industrial, US addressed loans - <$100k 373 $10,354 $27,759
    Commercial & Industrial, US addressed loans - $100-250k 91 $9,460 $103,956
    Commercial & Industrial, US addressed loans - $250k-1MM 56 $16,792 $299,857
    Farmland loans - <$1MM 132 $16,989 $128,705
    Farmland loans - <$100k 44 $1,697 $38,568
    Farmland loans - $100-250k 52 $5,669 $109,019
    Farmland loans - $250k-1MM 36 $9,623 $267,306
    Agriculture operations loans - <$1MM 122 $8,238 $67,525
    Agriculture operations loans - <$100k 85 $1,766 $20,776
    Agriculture operations loans - $100-250k 22 $2,245 $102,045
    Agriculture operations loans - $250k-1MM 15 $4,227 $281,800