First National Bank Of Pulaski Mortgage Rates, Fees & Info

Pulaski, TN

LEI: 549300ZGTRKCDKOVEQ80

Tax ID: 62-0339305

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

First National Bank Of Pulaski is a smaller bank specializing in Home Purchase and Refi loans. First National Bank Of Pulaski 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.) Their top markets include Huntsville, Lewisburg, Nashville, Lawrenceburg, and Tullahoma among others. First National Bank Of Pulaski 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.


Originations

451

Origination Dollar Volume (All Markets)

$98,645,000

Employee count

167

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
HUNTSVILLE, AL (FHA|USDA|VA) 183 $45,695,000 $249,699 $0 0.00%
Outside of Metro Areas 156 $27,790,000 $178,141 $0 0.00%
Lewisburg, TN (FHA|USDA|VA) 42 $6,870,000 $163,571 $0 0.00%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 23 $6,065,000 $263,696 $0 0.00%
Lawrenceburg, TN (FHA|USDA|VA) 9 $2,165,000 $240,556 $0 0.00%
Tullahoma-Manchester, TN (FHA|USDA|VA) 6 $1,610,000 $268,333 $0 0.00%
FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 8 $1,530,000 $191,250 $0 0.00%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $905,000 $905,000 $0 0.00%
Shelbyville, TN (FHA|USDA|VA) 4 $650,000 $162,500 $0 0.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $645,000 $645,000 $0 0.00%
KNOXVILLE, TN (FHA|USDA|VA) 2 $640,000 $320,000 $0 0.00%
DECATUR, AL (FHA|USDA|VA) 3 $615,000 $205,000 $0 0.00%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $605,000 $605,000 $0 0.00%
PANAMA CITY, FL (FHA|USDA|VA) 2 $560,000 $280,000 $0 0.00%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $505,000 $505,000 $0 0.00%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 2 $490,000 $245,000 $0 0.00%
Scottsboro, AL (FHA|USDA|VA) 1 $395,000 $395,000 $0 0.00%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $335,000 $335,000 $0 0.00%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
Cullman, AL (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
McMinnville, TN (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
TUSCALOOSA, AL (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%

First National Bank Of Pulaski's top markets include Huntsville, Lewisburg, Nashville, Lawrenceburg, and Tullahoma among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 407 $88,505,000 $217,457 $0 0.00%
USDA 27 $4,955,000 $183,519 $0 0.00%
FHA 9 $2,015,000 $223,889 $0 0.00%
VA 8 $3,170,000 $396,250 $0 0.00%

For the 2021 period, First National Bank Of Pulaski's most frequently originated loan type of loans were Conventional, with 407 originations. Their 2nd most popular type is USDA, with 27 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 277 $64,965,000 $234,531 $0 0.00%
Refi 130 $24,020,000 $184,769 $0 0.00%
Cash Out Refi 31 $7,155,000 $230,806 $0 0.00%
Home Improvement 7 $1,225,000 $175,000 $0 0.00%
Other 6 $1,280,000 $213,333 $0 0.00%

For the 2021, First National Bank Of Pulaski's most frequently cited loan purpose of loans were Home Purchase, with 277 originations. The 2nd most popular reason of loans were Refi, with 130 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
Other 451 $98,645,000 $218,725 $0 0.00%

For the 2021, First National Bank Of Pulaski's most frequently cited loan length of loans were Other, with 451 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 170 $46,490,000 $273,471 $0 0.00%
$100k-200k 158 $23,670,000 $149,810 $0 0.00%
$100,000 or less 82 $5,350,000 $65,244 $0 0.00%
$400k-600k 31 $14,535,000 $468,871 $0 0.00%
$600k-1MM 8 $5,910,000 $738,750 $0 0.00%
$1MM+ 2 $2,690,000 $1,345,000 $0 0.00%

2021 saw First National Bank Of Pulaski place emphasis on $200k-400k loans with 170 originations, totaling $46,490,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 93 $25,295,000 $271,989 $0 0.00%
$50k or less 91 $11,935,000 $131,154 $0 0.00%
$50k-75k 88 $16,620,000 $188,864 $0 0.00%
$75k-100k 75 $16,115,000 $214,867 $0 0.00%
$150k-250k 46 $12,240,000 $266,087 $0 0.00%
$250k+ 19 $7,665,000 $403,421 $0 0.00%

First National Bank Of Pulaski lent most frequently to those with incomes in the $100k-150k range, with 93 originations. The second most popular income band? $50k or less, with 91 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
Exempt% 451 $98,645,000 $218,725 $0 0.00%

First National Bank Of Pulaski lent most frequently to those with DTI ratios of Exempt%, with 451 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 396 $86,070,000 $217,348 $0 0.00%
Not applicable 28 $7,050,000 $251,786 $0 0.00%
Asian 12 $2,740,000 $228,333 $0 0.00%
Black 9 $1,515,000 $168,333 $0 0.00%
Not provided 3 $705,000 $235,000 $0 0.00%
American Indian 2 $440,000 $220,000 $0 0.00%
Guamanian 1 $125,000 $125,000 $0 0.00%

Approval Rates

Total approvals of all applications
93.80%

First National Bank Of Pulaski has an average approval rate.

Pick Rate

Approvals leading to origination
83.71%

First National Bank Of Pulaski has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
Exempt 451 $98,645,000 $218,725

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
451 $98,645,000 $218,725

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
FIRST NATIONAL BANK OF OMAHA Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 25.0%
FIRST NATIONAL BANK OF OMAHA Conventional home mortgage Trouble during payment process 1 25.0%
FIRST NATIONAL BANK OF OMAHA FHA mortgage Improper use of your report 1 25.0%
FIRST NATIONAL BANK OF OMAHA Other type of mortgage Struggling to pay mortgage 1 25.0%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
First National Bank of Pulaski 1880 Hwy 72 East Athens, AL 35613 Full Service B&M $193,258
First National Bank of Pulaski 1190 North Ellington Parkway Lewisburg, TN 37091 Full Service B&M $58,682
First National Bank of Pulaski 159 Mill Street Lynnville, TN 38472 Full Service B&M $12,405
First National Bank of Pulaski 206 South First Street Pulaski, TN 38478 Full Service B&M $310,690
First National Bank of Pulaski 2101 Clinton Ave., Suite 101 Huntsville, AL 35805 Full Service B&M $53,440
First National Bank of Pulaski 26591 Main Street Ardmore, TN 38449 Full Service B&M $107,793
First National Bank of Pulaski 2850 Huntsville Highway Fayetteville, TN 37334 Full Service B&M $57,449
First National Bank of Pulaski 321 South Jefferson Street Athens, AL 35611 Full Service B&M $37,853
First National Bank of Pulaski 405 West College Street Fayetteville, TN 37334 Full Service B&M $138,150
First National Bank of Pulaski 503 Town Madison Blvd, Suite B Madison, AL 35758 Full Service B&M $2,695
First National Bank of Pulaski 820 Mill Street Pulaski, TN 38478 Full Service B&M $6,989
First National Bank of Pulaski Bennett Drive Pulaski, TN 38478 Full Service B&M $3,832

For 2021, First National Bank Of Pulaski had 12 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $37,612
Net interest income $33,865
Total noninterest income $7,639
Gross Fiduciary activities income $0
Service charges on deposit accounts $1,200
Trading account gains and fees $0
Additional Noninterest Income $6,439
Pre-tax net operating income $16,378
Securities gains (or losses, -) $0
Income before extraordinary items $12,789
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $12,789
Minority interest net income $0
Net income $12,789
Sale, conversion, retirement of capital stock, net $0
Net operating income $12,789

First National Bank Of Pulaski's gross interest income from loans was $37,612,000.
First National Bank Of Pulaski's net interest income from loans was $33,865,000.
First National Bank Of Pulaski's fee based income from loans was $1,200,000.
First National Bank Of Pulaski's net income from loans was $12,789,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $3,747
Provision for credit losses $925
Total noninterest expense $24,201
Salaries and employee benefits $14,319
Premises and equipment expense $3,491
Additional noninterest expense $6,391
Applicable income taxes $3,589
Net charge-offs $266
Cash dividends $467

First National Bank Of Pulaski's interest expense for loans was $3,747,000.
First National Bank Of Pulaski's payroll and benefits expense were $14,319,000.
First National Bank Of Pulaski's property, plant and equipment expenses $3,491,000.

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 $1,044,607
Deposits held in domestic offices $1,044,607
Deposits by Individuals, partnerships, and corporations $893,658
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $150,949
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 $121,195
Demand deposits $60,696
Nontransaction accounts $923,412
Money market deposit accounts (MMDAs) $135,893
Other savings deposits (excluding MMDAs) $554,545
Total time deposits $232,974
Total time and savings deposits $983,911
Noninterest-bearing deposits $325,063
Interest-bearing deposits $719,544
Retail deposits $1,012,829
IRAs and Keogh plan accounts $45,604
Brokered deposits $0
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $1,168,987
Cash & Balances due from depository institutions $122,692
Interest-bearing balances $101,612
Total securities $352,767
Federal funds sold & reverse repurchase $5,300
Net loans and leases $640,384
Loan and leases loss allowance $8,795
Trading account assets $0
Bank premises and fixed assets $14,752
Other real estate owned $0
Goodwill and other intangibles $0
All other assets $33,092

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $1,168,987
Total Liabilities $1,056,314
Total deposits $1,044,607
Interest-bearing deposits $719,544
Deposits held in domestic offices $1,044,607
% insured (estimated) $72
Federal funds purchased and repurchase agreements $3,063
Trading liabilities $0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $8,644

Issued Loan Types

Type Value (in 000's)
Net loans and leases $640,384
Loan and leases loss allowance $8,795
Total loans and leases (domestic) $649,179
All real estate loans $559,227
Real estate loans in domestic offices $559,227
Construction and development loans $93,464
Residential 1-4 family construction $33,154
Other construction, all land development and other land $60,310
Loans secured by nonfarm nonresidential properties $244,300
Nonfarm nonresidential secured by owner-occupied properties $114,398
Commercial real estate & other non-farm, non-residential $129,902
Multifamily residential real estate $13,771
1-4 family residential loans $169,499
Farmland loans $38,193
Loans held in foreign offices $0
Farm loans $11,168
Commercial and industrial loans $37,859
To non-U.S. addressees $0
Loans to individuals $25,164
Credit card loans $0
Related Plans $2,523
Consumer Auto Loans $8,117
Other loans to individuals $14,524
All other loans & leases $17,611
Loans to foreign governments and official institutions $0
Other loans $645
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 National Bank of Pulaski had $640,384,000 of loans outstanding in 2021. $559,227,000 of loans were in real estate loans. $93,464,000 of loans were in development loans. $13,771,000 of loans were in multifamily mortgage loans. $169,499,000 of loans were in 1-4 family mortgage loans. $11,168,000 of loans were in farm loans. $0 of loans were in credit card loans. $8,117,000 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 438 $98,424 $224,712
Nonfarm, nonresidential loans - <$100k 88 $3,452 $39,227
Nonfarm, nonresidential loans - $100-250k 143 $17,106 $119,622
Nonfarm, nonresidential loans - $250k-1MM 207 $77,866 $376,164
Commercial & Industrial, US addressed loans - <$1MM 701 $27,748 $39,583
Commercial & Industrial, US addressed loans - <$100k 574 $10,461 $18,225
Commercial & Industrial, US addressed loans - $100-250k 81 $6,774 $83,630
Commercial & Industrial, US addressed loans - $250k-1MM 46 $10,513 $228,543
Farmland loans - <$1MM 177 $20,183 $114,028
Farmland loans - <$100k 81 $3,076 $37,975
Farmland loans - $100-250k 62 $6,757 $108,984
Farmland loans - $250k-1MM 34 $10,350 $304,412
Agriculture operations loans - <$1MM 270 $7,610 $28,185
Agriculture operations loans - <$100k 242 $4,341 $17,938
Agriculture operations loans - $100-250k 19 $1,756 $92,421
Agriculture operations loans - $250k-1MM 9 $1,513 $168,111