First State Bank Mortgage Rates, Fees & Info
Scottsbluff, NELEI: 549300YC5JEEQWXGT826
Tax ID: 47-0162800
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Mortgage Data
Bank Data
Review & Overview
First State Bank is a smaller bank specializing in Home Purchase loans. First State Bank has a high proportion of conventional loans.First State Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
39Origination Dollar Volume (All Markets)
$4,085,000Employee count
48Top 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 |
---|---|---|---|---|---|
Outside of Metro Areas | 39 | $4,085,000 | $104,744 | $0 | 0.00% |
Product Mix
Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Conventional | 35 | $3,745,000 | $107,000 | $0 | 0.00% |
USDA | 4 | $340,000 | $85,000 | $0 | 0.00% |
For 2018, First State Bank's most frequently originated type of loan was Conventional, with 35 originations. Their 2nd most popular type was USDA, with 4 originations.
Loan Reason
For 2018, First State Bank's most frequently cited loan purpose was Home Purchase, with 23 originations. The 2nd most popular reason was Home Improvement, with 7 originations.
Loan Duration/Length
Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
Other | 39 | $4,085,000 | $104,744 | $0 | 0.00% |
For 2018, First State Bank's most frequently cited loan duration was Other, with 39 originations.
Loan Sizing
2018 saw First State Bank place emphasis on $100,000 or less loans with 26 originations, totaling $1,360,000 in origination value.
Applicant Income
First State Bank lent most frequently to those with incomes in the $50k or less range, with 11 originations. The second most popular income band? $250k+, with 5 originations.
Applicant Debt to Income Ratio
DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
Exempt% | 39 | $4,085,000 | $104,744 | $0 | 0.00% |
First State Bank lent most frequently to those with DTI ratios of Exempt%, with 39 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications84.38%
First State Bank has a below average approval rate.
Pick Rate
Approvals leading to origination79.49%
First State Bank has a below average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
Exempt | 39 | $4,085,000 | $104,744 |
Occupancy Type Mix
Complaints
Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
---|---|---|---|---|
FIRST HORIZON BANK | Home equity loan or line of credit (HELOC) | Problem with a credit reporting company's investigation into an existing problem | 1 | 7.1% |
FIRST HORIZON BANK | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 7.1% |
FIRST HORIZON BANK | Other type of mortgage | Trouble during payment process | 1 | 7.1% |
FIRST HORIZON BANK | Conventional home mortgage | Struggling to pay mortgage | 3 | 21.4% |
FIRST HORIZON BANK | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 7.1% |
FIRST HORIZON BANK | Home equity loan or line of credit (HELOC) | Incorrect information on your report | 1 | 7.1% |
FIRST HORIZON BANK | FHA mortgage | Trouble during payment process | 1 | 7.1% |
FIRST HORIZON BANK | Conventional home mortgage | Trouble during payment process | 5 | 35.7% |
Bank Details
Branches
Bank Name | Branch | Branch Type | Deposits (000's) |
---|---|---|---|
First State Bank | 1540 Tenth Street Gering, NE 69341 | Full Service B&M | $22,690 |
First State Bank | 1776 South Nevada Avenue Colorado Springs, CO 80906 | Full Service B&M | $10,943 |
First State Bank | 2002 Broadway Scottsbluff, NE 69361 | Full Service B&M | $158,992 |
For 2018, First State Bank had 3 branches.
Yearly Performance Overview
Bank Income
Item | Value (in 000's) |
---|---|
Total interest income | $11,380 |
Net interest income | $10,181 |
Total noninterest income | $1,947 |
Gross Fiduciary activities income | $1 |
Service charges on deposit accounts | $494 |
Trading account gains and fees | $0 |
Additional Noninterest Income | $1,452 |
Pre-tax net operating income | $6,060 |
Securities gains (or losses, -) | $9 |
Income before extraordinary items | $5,893 |
Discontinued Operations (Extraordinary gains, net) | $0 |
Net income of bank and minority interests | $5,893 |
Minority interest net income | $0 |
Net income | $5,893 |
Sale, conversion, retirement of capital stock, net | $0 |
Net operating income | $5,884 |
First State Bank's gross interest income from loans was $11,380,000.
First State Bank's net interest income from loans was $10,181,000.
First State Bank's fee based income from loans was $494,000.
First State Bank's net income from loans was $5,893,000.
Bank Expenses
Item | Value (in 000's) |
---|---|
Total interest expense | $1,199 |
Provision for credit losses | $0 |
Total noninterest expense | $6,068 |
Salaries and employee benefits | $3,515 |
Premises and equipment expense | $486 |
Additional noninterest expense | $2,067 |
Applicable income taxes | $176 |
Net charge-offs | $-121 |
Cash dividends | $5,600 |
First State Bank's interest expense for loans was $1,199,000.
First State Bank's payroll and benefits expense were $3,515,000.
First State Bank's property, plant and equipment expenses $486,000.
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 | $192,501 |
Deposits held in domestic offices | $192,501 |
Deposits by Individuals, partnerships, and corporations | $180,930 |
Deposits by U.S. Government | $0 |
Deposits by States and political subdivisions in the U.S. | $7,224 |
Deposits by Commercial banks and other depository institutions in U.S. | $4,347 |
Deposits by Banks in foreign countries | $0 |
Deposits by Foreign governments and official institutions | $0 |
Transaction accounts | $76,192 |
Demand deposits | $48,662 |
Nontransaction accounts | $116,309 |
Money market deposit accounts (MMDAs) | $16,380 |
Other savings deposits (excluding MMDAs) | $19,873 |
Total time deposits | $80,056 |
Total time and savings deposits | $143,839 |
Noninterest-bearing deposits | $48,662 |
Interest-bearing deposits | $143,839 |
Retail deposits | $179,614 |
IRAs and Keogh plan accounts | $6,603 |
Brokered deposits | $1,525 |
Deposits held in foreign offices | $0 |
Assets
Asset | Value (in 000's) |
---|---|
Total Assets | $218,213 |
Cash & Balances due from depository institutions | $12,914 |
Interest-bearing balances | $7,955 |
Total securities | $31,228 |
Federal funds sold & reverse repurchase | $2,675 |
Net loans and leases | $165,941 |
Loan and leases loss allowance | $3,915 |
Trading account assets | $0 |
Bank premises and fixed assets | $2,858 |
Other real estate owned | $362 |
Goodwill and other intangibles | $0 |
All other assets | $2,235 |
Liabilities
Liabilities | Value (in 000's) |
---|---|
Total liabilities and capital | $218,213 |
Total Liabilities | $193,215 |
Total deposits | $192,501 |
Interest-bearing deposits | $143,839 |
Deposits held in domestic offices | $192,501 |
% insured (estimated) | $88 |
Federal funds purchased and repurchase agreements | $0 |
Trading liabilities | $0 |
Other borrowed funds | $0 |
Subordinated debt | $0 |
All other liabilities | $714 |
Issued Loan Types
Type | Value (in 000's) |
---|---|
Net loans and leases | $165,941 |
Loan and leases loss allowance | $3,915 |
Total loans and leases (domestic) | $169,856 |
All real estate loans | $126,989 |
Real estate loans in domestic offices | $126,989 |
Construction and development loans | $8,869 |
Residential 1-4 family construction | $3,729 |
Other construction, all land development and other land | $5,140 |
Loans secured by nonfarm nonresidential properties | $83,064 |
Nonfarm nonresidential secured by owner-occupied properties | $29,307 |
Commercial real estate & other non-farm, non-residential | $53,757 |
Multifamily residential real estate | $1,962 |
1-4 family residential loans | $23,948 |
Farmland loans | $9,146 |
Loans held in foreign offices | $0 |
Farm loans | $14,771 |
Commercial and industrial loans | $22,169 |
To non-U.S. addressees | $0 |
Loans to individuals | $3,411 |
Credit card loans | $0 |
Related Plans | $36 |
Consumer Auto Loans | $1,684 |
Other loans to individuals | $1,691 |
All other loans & leases | $2,516 |
Loans to foreign governments and official institutions | $0 |
Other loans | $420 |
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 |
First State Bank had $165,941,000 of loans outstanding in 2018. $126,989,000 of loans were in real estate loans. $8,869,000 of loans were in development loans. $1,962,000 of loans were in multifamily mortgage loans. $23,948,000 of loans were in 1-4 family mortgage loans. $14,771,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,684,000 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 | 173 | $80,855 | $467,370 |
Nonfarm, nonresidential loans - <$100k | 34 | $550 | $16,176 |
Nonfarm, nonresidential loans - $100-250k | 66 | $7,602 | $115,182 |
Nonfarm, nonresidential loans - $250k-1MM | 73 | $72,703 | $995,932 |
Commercial & Industrial, US addressed loans - <$1MM | 60 | $13,484 | $224,733 |
Commercial & Industrial, US addressed loans - $100-250k | 31 | $3,569 | $115,129 |
Commercial & Industrial, US addressed loans - $250k-1MM | 29 | $9,915 | $341,897 |
Farmland loans - <$1MM | 22 | $2,484 | $112,909 |
Farmland loans - <$100k | 9 | $112 | $12,444 |
Farmland loans - $100-250k | 9 | $1,376 | $152,889 |
Farmland loans - $250k-1MM | 4 | $996 | $249,000 |
Agriculture operations loans - <$1MM | 130 | $8,686 | $66,815 |
Agriculture operations loans - <$100k | 84 | $1,776 | $21,143 |
Agriculture operations loans - $100-250k | 30 | $3,285 | $109,500 |
Agriculture operations loans - $250k-1MM | 16 | $3,625 | $226,563 |