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Flanagan State Bank
Bank|Flanagan, IL|Near-National
Loans Originated
1,046
Applications
1,451
Volume
$198 million
Offers loans directly to consumersSources loans from independent brokers
Overall Pricing
Acceptable
Overall Pull Through
Sound
Safe Rate Awards⭐VA Superstar
Pricing and Pullthrough Overview
Average Rate Spread
+0.624%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$2,529
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
72.1%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Particularly strong in Conventional and FHA and VA and USDA loans
- Nationwide availability with consistent service
Things to Think About
- Rates typically 62 basis points above market average
Report Card
Flanagan State Bank performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Acceptable | Near industry average | |
Pull Through Closing Strength | Sound | Industry Standard | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Strong | Highly Competitive | |
FHA | Strong | Highly Competitive | |
VA | Strong | Highly Competitive | |
USDA | Exceptional | Market Leader | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Sound | Industry Standard | |
Places Geographic coverage | Sound | Near-National · 13 metro areas · 27 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$189,924
Average Borrower Income
$83,683
Average Property Value
$225,755
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Strong | Acceptable | Sound | 401 | 38.3% | +0.659% | $2,335 |
FHA Loans | Sound | Strong | Acceptable | Strong | 348 | 33.3% | +0.828% | $3,126 |
VA Loans | Strong | Strong | Sound | Strong | 81 | 7.7% | -0.097% | $1,269 |
USDA Loans | Sound | Exceptional | Mediocre | Strong | 213 | 20.4% | +0.498% | $2,475 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Strong | Acceptable | Strong | 940 | 89.9% | +0.641% | $2,534 |
Refinance | Acceptable | Sound | Acceptable | Acceptable | 106 | 10.1% | +0.486% | $2,486 |
Geographic Coverage
Metro Areas
12
States Served
27
We count Washington DC as a state
Avg Place Specialization
Sound
States with Loan Originations
ALARAZCACOFLGAIAIDILINKSKYMNMOMTNDNENMOHOKORPASDTXWIWY
Top Metro Areas by Place Specialization Score
1
Reading, PA, PAMSA
Volume: 67Mix: 6.41%
Place Specialization
Strong
2
St. Joseph, MO, MO-KSMSA
Volume: 38Mix: 3.63%
Place Specialization
Strong
3
Kankakee, IL, ILMSA
Volume: 24Mix: 2.29%
Place Specialization
Strong
4
Davenport, IA-ILMSA
Volume: 40Mix: 3.82%
Place Specialization
Strong
5
Bloomington, IL, ILMSA
Volume: 32Mix: 3.06%
Place Specialization
Sound
6
Omaha, NE, NE-IAMSA
Volume: 35Mix: 3.35%
Place Specialization
Sound
7
Lafayette, INMSA
Volume: 26Mix: 2.49%
Place Specialization
Sound
8
Peoria, IL, ILMSA
Volume: 30Mix: 2.87%
Place Specialization
Sound
9
Odessa, TX, TXMSA
Volume: 15Mix: 1.43%
Place Specialization
Sound
10
Chicago, ILMSA
Volume: 36Mix: 3.44%
Place Specialization
Sound
Showing 10 of 12 metro areas
Top States by Place Specialization Score
1
MOState
Volume: 274Mix: 26.20%
Place Specialization
Strong
2
ILState
Volume: 248Mix: 23.71%
Place Specialization
Strong
3
IAState
Volume: 157Mix: 15.01%
Place Specialization
Strong
4
INState
Volume: 96Mix: 9.18%
Place Specialization
Strong
5
PAState
Volume: 76Mix: 7.27%
Place Specialization
Sound
6
MTState
Volume: 23Mix: 2.20%
Place Specialization
Sound
7
COState
Volume: 30Mix: 2.87%
Place Specialization
Sound
8
WYState
Volume: 15Mix: 1.43%
Place Specialization
Sound
9
MNState
Volume: 22Mix: 2.10%
Place Specialization
Sound
10
TXState
Volume: 34Mix: 3.25%
Place Specialization
Sound
Showing 10 of 12 states
How We Rank Lenders
Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.
Our Point System (Max 30 Points)
10
Pricing
Rate and fee competitiveness (33%)
10
Pull Through
Reliability in closing loans (33%)
10
Product
Specialization in the loan type (33%)
💎
Champion(80%+ = 24-30 points)
⭐
Superstar(60-79% = 18-23 points)
Data Integrity & Updates
Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.
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