Thomasville National Bank Mortgage Rates, Fees & Info

Thomasville, GA

LEI: 549300YJ77JVC6X3BO61

Tax ID: 58-2184934

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Thomasville National Bank is a smaller bank specializing in Home Purchase and Refi loans. Thomasville National Bank has a high proportion of conventional loans. Their top markets include Thomasville, Tallahassee, Brunswick, Charleston, and Panama City among others. Thomasville National Bank has an above average approval rate for mortages when compared nationally. They have an above average pick rate when compared to the same sample of other lendors.


Originations

309

Origination Dollar Volume (All Markets)

$106,615,000

Employee count

138

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Thomasville, GA (FHA|USDA|VA) 152 $39,000,000 $256,579 $0 0.00%
TALLAHASSEE, FL (FHA|USDA|VA) 75 $26,875,000 $358,333 $0 0.00%
BRUNSWICK, GA (FHA|USDA|VA) 27 $21,625,000 $800,926 $0 0.00%
Outside of Metro Areas 15 $6,505,000 $433,667 $0 0.00%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 2 $1,800,000 $900,000 $0 0.00%
PANAMA CITY, FL (FHA|USDA|VA) 6 $1,670,000 $278,333 $0 0.00%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 5 $1,565,000 $313,000 $0 0.00%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $1,555,000 $1,555,000 $0 0.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $1,275,000 $1,275,000 $0 0.00%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $995,000 $995,000 $0 0.00%
VALDOSTA, GA (FHA|USDA|VA) 8 $800,000 $100,000 $0 0.00%
Moultrie, GA (FHA|USDA|VA) 5 $655,000 $131,000 $0 0.00%
SAVANNAH, GA (FHA|USDA|VA) 3 $635,000 $211,667 $0 0.00%
Cullowhee, NC (FHA|USDA|VA) 1 $395,000 $395,000 $0 0.00%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 1 $365,000 $365,000 $0 0.00%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $285,000 $285,000 $0 0.00%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
St. Marys, GA (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
HINESVILLE, GA (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
ALBANY, GA (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%

Thomasville National Bank's top markets include Thomasville, Tallahassee, Brunswick, Charleston, and Panama City among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 309 $106,615,000 $345,032 $0 0.00%

For the 2021 period, Thomasville National Bank's most frequently originated loan type of loans were Conventional, with 309 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 219 $72,905,000 $332,900 $0 0.00%
Refi 82 $32,690,000 $398,659 $0 0.00%
Home Improvement 4 $710,000 $177,500 $0 0.00%
Other 4 $310,000 $77,500 $0 0.00%

For the 2021, Thomasville National Bank's most frequently cited loan purpose of loans were Home Purchase, with 219 originations. The 2nd most popular reason of loans were Refi, with 82 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
Other 309 $106,615,000 $345,032 $0 0.00%

For the 2021, Thomasville National Bank's most frequently cited loan length of loans were Other, with 309 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 94 $25,750,000 $273,936 $0 0.00%
$100k-200k 83 $12,235,000 $147,410 $0 0.00%
$100,000 or less 77 $4,865,000 $63,182 $0 0.00%
$400k-600k 23 $11,045,000 $480,217 $0 0.00%
$1MM+ 19 $42,745,000 $2,249,737 $0 0.00%
$600k-1MM 13 $9,975,000 $767,308 $0 0.00%

2021 saw Thomasville National Bank place emphasis on $200k-400k loans with 94 originations, totaling $25,750,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$250k+ 37 $17,775,000 $480,405 $0 0.00%
$50k or less 34 $4,160,000 $122,353 $0 0.00%
$150k-250k 27 $7,155,000 $265,000 $0 0.00%
$50k-75k 27 $4,635,000 $171,667 $0 0.00%
$100k-150k 26 $6,300,000 $242,308 $0 0.00%
$75k-100k 12 $1,990,000 $165,833 $0 0.00%

Thomasville National Bank lent most frequently to those with incomes in the $250k+ range, with 37 originations. The second most popular income band? $50k or less, with 34 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
Exempt% 309 $106,615,000 $345,032 $0 0.00%

Thomasville National Bank lent most frequently to those with DTI ratios of Exempt%, with 309 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
Not applicable 133 $62,905,000 $472,970 $0 0.00%
White 157 $40,865,000 $260,287 $0 0.00%
Black 13 $1,245,000 $95,769 $0 0.00%
Asian 2 $870,000 $435,000 $0 0.00%
Asian Indian 3 $465,000 $155,000 $0 0.00%
Not provided 1 $265,000 $265,000 $0 0.00%

Approval Rates

Total approvals of all applications
99.10%

Thomasville National Bank 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
98.46%

Thomasville National Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

Points and Fees

Points Originations Total Value Average Loan
Exempt 309 $106,615,000 $345,032

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
309 $106,615,000 $345,032

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Thomasville National Bank 100 Island Professional Park Saint Simons Island, GA 31522 Full Service B&M $115,413
Thomasville National Bank 1300 Metropoitan Blvd. Tallahassee, FL 32308 Full Service B&M $93,727
Thomasville National Bank 1320 Remington Avenue Thomasville, GA 31792 Full Service B&M $141,069
Thomasville National Bank 301 North Broad Street Thomasville, GA 31792 Full Service B&M $876,732

For 2021, Thomasville National Bank had 4 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $46,212
Net interest income $42,431
Total noninterest income $18,889
Gross Fiduciary activities income $15,408
Service charges on deposit accounts $439
Trading account gains and fees $0
Additional Noninterest Income $3,042
Pre-tax net operating income $29,578
Securities gains (or losses, -) $0
Income before extraordinary items $23,126
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $23,126
Minority interest net income $0
Net income $23,126
Sale, conversion, retirement of capital stock, net $0
Net operating income $23,126

Thomasville National Bank's gross interest income from loans was $46,212,000.
Thomasville National Bank's net interest income from loans was $42,431,000.
Thomasville National Bank's fee based income from loans was $439,000.
Thomasville National Bank's net income from loans was $23,126,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $3,781
Provision for credit losses $3,025
Total noninterest expense $28,717
Salaries and employee benefits $17,332
Premises and equipment expense $2,510
Additional noninterest expense $8,875
Applicable income taxes $6,452
Net charge-offs $-8
Cash dividends $9,211

Thomasville National Bank's interest expense for loans was $3,781,000.
Thomasville National Bank's payroll and benefits expense were $17,332,000.
Thomasville National Bank's property, plant and equipment expenses $2,510,000.

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 $1,295,504
Deposits held in domestic offices $1,295,504
Deposits by Individuals, partnerships, and corporations $1,118,366
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $176,555
Deposits by Commercial banks and other depository institutions in U.S. $583
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $140,309
Demand deposits $62,963
Nontransaction accounts $1,155,195
Money market deposit accounts (MMDAs) $424,299
Other savings deposits (excluding MMDAs) $627,822
Total time deposits $103,074
Total time and savings deposits $1,232,541
Noninterest-bearing deposits $258,008
Interest-bearing deposits $1,037,496
Retail deposits $1,255,779
IRAs and Keogh plan accounts $18,140
Brokered deposits $3,900
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $1,461,710
Cash & Balances due from depository institutions $183,580
Interest-bearing balances $180,156
Total securities $137,335
Federal funds sold & reverse repurchase $0
Net loans and leases $1,102,226
Loan and leases loss allowance $25,498
Trading account assets $0
Bank premises and fixed assets $14,200
Other real estate owned $0
Goodwill and other intangibles $4,010
All other assets $20,359

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $1,461,710
Total Liabilities $1,344,986
Total deposits $1,295,504
Interest-bearing deposits $1,037,496
Deposits held in domestic offices $1,295,504
% insured (estimated) $45
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $48,924
Subordinated debt $0
All other liabilities $558

Issued Loan Types

Type Value (in 000's)
Net loans and leases $1,102,226
Loan and leases loss allowance $25,498
Total loans and leases (domestic) $1,127,724
All real estate loans $879,214
Real estate loans in domestic offices $879,214
Construction and development loans $121,401
Residential 1-4 family construction $46,265
Other construction, all land development and other land $75,136
Loans secured by nonfarm nonresidential properties $269,483
Nonfarm nonresidential secured by owner-occupied properties $136,414
Commercial real estate & other non-farm, non-residential $133,069
Multifamily residential real estate $8,841
1-4 family residential loans $392,205
Farmland loans $87,284
Loans held in foreign offices $0
Farm loans $4,954
Commercial and industrial loans $204,710
To non-U.S. addressees $0
Loans to individuals $23,151
Credit card loans $0
Related Plans $1,877
Consumer Auto Loans $8,336
Other loans to individuals $12,938
All other loans & leases $15,695
Loans to foreign governments and official institutions $0
Other loans $4,329
Loans to depository institutions and acceptances of other banks $5,675
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

Thomasville National Bank had $1,102,226,000 of loans outstanding in 2021. $879,214,000 of loans were in real estate loans. $121,401,000 of loans were in development loans. $8,841,000 of loans were in multifamily mortgage loans. $392,205,000 of loans were in 1-4 family mortgage loans. $4,954,000 of loans were in farm loans. $0 of loans were in credit card loans. $8,336,000 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 412 $107,773 $261,585
Nonfarm, nonresidential loans - <$100k 63 $2,253 $35,762
Nonfarm, nonresidential loans - $100-250k 130 $16,775 $129,038
Nonfarm, nonresidential loans - $250k-1MM 219 $88,745 $405,228
Commercial & Industrial, US addressed loans - <$1MM 867 $87,905 $101,390
Commercial & Industrial, US addressed loans - <$100k 483 $11,294 $23,383
Commercial & Industrial, US addressed loans - $100-250k 196 $18,656 $95,184
Commercial & Industrial, US addressed loans - $250k-1MM 188 $57,955 $308,271
Farmland loans - <$1MM 100 $13,345 $133,450
Farmland loans - <$100k 33 $1,357 $41,121
Farmland loans - $100-250k 39 $5,251 $134,641
Farmland loans - $250k-1MM 28 $6,737 $240,607
Agriculture operations loans - <$1MM 18 $2,388 $132,667
Agriculture operations loans - <$100k 8 $160 $20,000
Agriculture operations loans - $100-250k 3 $270 $90,000
Agriculture operations loans - $250k-1MM 7 $1,958 $279,714