First National Bank Of Pulaski Mortgage Rates, Fees & Info

Pulaski, TN

LEI: 549300ZGTRKCDKOVEQ80

Tax ID: 62-0339305

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Mortgage Data

Bank Data

Review & 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 low ratio of USDA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Huntsville, Decatur, Lewisburg, Nashville, and Birmingham among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)

First National Bank Of Pulaski 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.

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Originations

549

Origination Dollar Volume (All Markets)

$118,135,000

Employee count

167

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
HUNTSVILLE, AL (FHA|USDA|VA) 230 $49,760,000 $216,348 $0 0.00%
Outside of Metro Areas 196 $35,320,000 $180,204 $0 0.00%
DECATUR, AL (FHA|USDA|VA) 9 $10,965,000 $1,218,333 $0 0.00%
Lewisburg, TN (FHA|USDA|VA) 49 $7,965,000 $162,551 $0 0.00%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 25 $6,355,000 $254,200 $0 0.00%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 3 $1,845,000 $615,000 $0 0.00%
Lawrenceburg, TN (FHA|USDA|VA) 11 $1,665,000 $151,364 $0 0.00%
Tullahoma-Manchester, TN (FHA|USDA|VA) 9 $1,615,000 $179,444 $0 0.00%
FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 7 $1,015,000 $145,000 $0 0.00%
Shelbyville, TN (FHA|USDA|VA) 6 $770,000 $128,333 $0 0.00%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $375,000 $375,000 $0 0.00%
Jasper, AL (FHA|USDA|VA) 1 $335,000 $335,000 $0 0.00%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
Scottsboro, AL (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
First National Bank Of Pulaski's top markets include Huntsville, Decatur, Lewisburg, Nashville, and Birmingham among others.

Their top states include:
  • Alabama (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 492 $107,550,000 $218,598 $0 0.00%
    USDA 33 $4,925,000 $149,242 $0 0.00%
    FHA 13 $2,295,000 $176,538 $0 0.00%
    VA 11 $3,365,000 $305,909 $0 0.00%

    For 2020, First National Bank Of Pulaski's most frequently originated type of loan was Conventional, with 492 originations. Their 2nd most popular type was USDA, with 33 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 326 $74,220,000 $227,669 $0 0.00%
    Refi 168 $34,150,000 $203,274 $0 0.00%
    Cash Out Refi 40 $8,040,000 $201,000 $0 0.00%
    Other 8 $800,000 $100,000 $0 0.00%
    Home Improvement 7 $925,000 $132,143 $0 0.00%

    For 2020, First National Bank Of Pulaski's most frequently cited loan purpose was Home Purchase, with 326 originations. The 2nd most popular reason was Refi, with 168 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 549 $118,135,000 $215,182 $0 0.00%

    For 2020, First National Bank Of Pulaski's most frequently cited loan duration was Other, with 549 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 232 $34,400,000 $148,276 $0 0.00%
    $200k-400k 187 $50,255,000 $268,743 $0 0.00%
    $100,000 or less 95 $6,335,000 $66,684 $0 0.00%
    $400k-600k 28 $13,000,000 $464,286 $0 0.00%
    $600k-1MM 5 $3,475,000 $695,000 $0 0.00%
    $1MM+ 2 $10,670,000 $5,335,000 $0 0.00%

    2020 saw First National Bank Of Pulaski place emphasis on $100k-200k loans with 232 originations, totaling $34,400,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 125 $20,875,000 $167,000 $0 0.00%
    $50k or less 113 $13,165,000 $116,504 $0 0.00%
    $100k-150k 99 $24,705,000 $249,545 $0 0.00%
    $75k-100k 93 $19,655,000 $211,344 $0 0.00%
    $150k-250k 54 $15,020,000 $278,148 $0 0.00%
    $250k+ 17 $5,495,000 $323,235 $0 0.00%

    First National Bank Of Pulaski lent most frequently to those with incomes in the $50k-75k range, with 125 originations. The second most popular income band? $50k or less, with 113 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 549 $118,135,000 $215,182 $0 0.00%

    First National Bank Of Pulaski lent most frequently to those with DTI ratios of Exempt%, with 549 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 497 $98,235,000 $197,656 $0 0.00%
    Not applicable 20 $13,700,000 $685,000 $0 0.00%
    Asian 15 $3,595,000 $239,667 $0 0.00%
    Black 12 $1,280,000 $106,667 $0 0.00%
    Not provided 4 $1,030,000 $257,500 $0 0.00%
    American Indian 1 $295,000 $295,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.71%

    First National Bank Of Pulaski 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
    87.43%

    First National Bank Of Pulaski has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 549 $118,135,000 $215,182

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $65,000 $65,000
    Multifamily:Site-Built 3 $10,535,000 $3,511,667
    Single Family (1-4 Units):Manufactured 21 $1,825,000 $86,905
    Single Family (1-4 Units):Site-Built 524 $105,710,000 $201,737

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    FIRST NATIONAL BANK OF OMAHA Conventional home mortgage Struggling to pay mortgage 2 28.6%
    FIRST NATIONAL BANK OF OMAHA Conventional home mortgage Trouble during payment process 2 28.6%
    FIRST NATIONAL BANK OF OMAHA FHA mortgage Struggling to pay mortgage 1 14.3%
    FIRST NATIONAL BANK OF OMAHA Other type of mortgage Trouble during payment process 1 14.3%
    FIRST NATIONAL BANK OF OMAHA Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 14.3%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    First National Bank of Pulaski 1190 North Ellington Parkway Lewisburg, TN 37091 Full Service B&M $50,603
    First National Bank of Pulaski 159 Mill Street Lynnville, TN 38472 Full Service B&M $9,049
    First National Bank of Pulaski 1880 Hwy 72 East Athens, AL 35613 Full Service B&M $160,395
    First National Bank of Pulaski 206 South First Street Pulaski, TN 38478 Full Service B&M $282,297
    First National Bank of Pulaski 2101 Clinton Ave., Suite 101 Huntsville, AL 35805 Full Service B&M $41,885
    First National Bank of Pulaski 26591 Main Street Ardmore, TN 38449 Full Service B&M $96,462
    First National Bank of Pulaski 2850 Huntsville Highway Fayetteville, TN 37334 Full Service B&M $48,058
    First National Bank of Pulaski 321 South Jefferson Street Athens, AL 35611 Full Service B&M $33,986
    First National Bank of Pulaski 405 West College Street Fayetteville, TN 37334 Full Service B&M $124,042
    First National Bank of Pulaski 820 Mill Street Pulaski, TN 38478 Full Service B&M $5,884
    First National Bank of Pulaski Bennett Drive Pulaski, TN 38478 Full Service B&M $3,449

    For 2020, First National Bank Of Pulaski had 11 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $36,770
    Net interest income $30,714
    Total noninterest income $6,367
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,183
    Trading account gains and fees $0
    Additional Noninterest Income $5,184
    Pre-tax net operating income $12,845
    Securities gains (or losses, -) $499
    Income before extraordinary items $10,445
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $10,445
    Minority interest net income $0
    Net income $10,445
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $10,050

    First National Bank Of Pulaski's gross interest income from loans was $36,770,000.
    First National Bank Of Pulaski's net interest income from loans was $30,714,000.
    First National Bank Of Pulaski's fee based income from loans was $1,183,000.
    First National Bank Of Pulaski's net income from loans was $10,445,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $6,056
    Provision for credit losses $1,620
    Total noninterest expense $22,616
    Salaries and employee benefits $13,616
    Premises and equipment expense $3,086
    Additional noninterest expense $5,914
    Applicable income taxes $2,899
    Net charge-offs $314
    Cash dividends $3,183

    First National Bank Of Pulaski's interest expense for loans was $6,056,000.
    First National Bank Of Pulaski's payroll and benefits expense were $13,616,000.
    First National Bank Of Pulaski's property, plant and equipment expenses $3,086,000.

    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 $918,747
    Deposits held in domestic offices $918,747
    Deposits by Individuals, partnerships, and corporations $811,795
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $106,952
    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 $107,472
    Demand deposits $56,905
    Nontransaction accounts $811,275
    Money market deposit accounts (MMDAs) $108,473
    Other savings deposits (excluding MMDAs) $432,842
    Total time deposits $269,960
    Total time and savings deposits $861,842
    Noninterest-bearing deposits $266,060
    Interest-bearing deposits $652,687
    Retail deposits $875,857
    IRAs and Keogh plan accounts $47,924
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,036,575
    Cash & Balances due from depository institutions $79,462
    Interest-bearing balances $61,137
    Total securities $279,947
    Federal funds sold & reverse repurchase $8,140
    Net loans and leases $620,772
    Loan and leases loss allowance $8,136
    Trading account assets $0
    Bank premises and fixed assets $15,340
    Other real estate owned $136
    Goodwill and other intangibles $0
    All other assets $32,778

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,036,575
    Total Liabilities $930,071
    Total deposits $918,747
    Interest-bearing deposits $652,687
    Deposits held in domestic offices $918,747
    % insured (estimated) $77
    Federal funds purchased and repurchase agreements $2,336
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $8,988

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $620,772
    Loan and leases loss allowance $8,136
    Total loans and leases (domestic) $628,908
    All real estate loans $515,517
    Real estate loans in domestic offices $515,517
    Construction and development loans $88,212
    Residential 1-4 family construction $28,655
    Other construction, all land development and other land $59,557
    Loans secured by nonfarm nonresidential properties $209,838
    Nonfarm nonresidential secured by owner-occupied properties $104,261
    Commercial real estate & other non-farm, non-residential $105,577
    Multifamily residential real estate $16,041
    1-4 family residential loans $161,974
    Farmland loans $39,452
    Loans held in foreign offices $0
    Farm loans $13,117
    Commercial and industrial loans $50,939
    To non-U.S. addressees $0
    Loans to individuals $22,876
    Credit card loans $0
    Related Plans $2,898
    Consumer Auto Loans $6,895
    Other loans to individuals $13,083
    All other loans & leases $28,117
    Loans to foreign governments and official institutions $0
    Other loans $656
    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 $486
    Non 1-4 family restructured loans & leases $486
    Total loans and leases (foreign) $0

    First National Bank of Pulaski had $620,772,000 of loans outstanding in 2020. $515,517,000 of loans were in real estate loans. $88,212,000 of loans were in development loans. $16,041,000 of loans were in multifamily mortgage loans. $161,974,000 of loans were in 1-4 family mortgage loans. $13,117,000 of loans were in farm loans. $0 of loans were in credit card loans. $6,895,000 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 442 $88,914 $201,163
    Nonfarm, nonresidential loans - <$100k 108 $4,295 $39,769
    Nonfarm, nonresidential loans - $100-250k 140 $16,429 $117,350
    Nonfarm, nonresidential loans - $250k-1MM 194 $68,190 $351,495
    Commercial & Industrial, US addressed loans - <$1MM 913 $34,043 $37,287
    Commercial & Industrial, US addressed loans - <$100k 772 $14,340 $18,575
    Commercial & Industrial, US addressed loans - $100-250k 87 $7,644 $87,862
    Commercial & Industrial, US addressed loans - $250k-1MM 54 $12,059 $223,315
    Farmland loans - <$1MM 188 $21,316 $113,383
    Farmland loans - <$100k 85 $3,432 $40,376
    Farmland loans - $100-250k 66 $7,415 $112,348
    Farmland loans - $250k-1MM 37 $10,469 $282,946
    Agriculture operations loans - <$1MM 346 $9,477 $27,390
    Agriculture operations loans - <$100k 319 $5,588 $17,517
    Agriculture operations loans - $100-250k 18 $1,807 $100,389
    Agriculture operations loans - $250k-1MM 9 $2,082 $231,333