First Bankers Trust Company Mortgage Rates, Fees & Info

Quincy, IL

LEI: 2549003SD8SH7JXN6S72

Tax ID: 37-0622729

5 stars - Updated: 4/5/25 - out of 5 stars, based on 12 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    First Bankers Trust Company is a smaller bank specializing in Home Purchase loans. First Bankers Trust Company has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Quincy, Springfield, Macomb, St. Louis, and Fort Wayne among others. We have data for 15 markets. (Some data included below & more in-depth data is available with an active subscription.)

    First Bankers Trust Company 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. First Bankers Trust Company is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.77% 4/5/25
    30 Year Conventional Refi 6.90% 4/5/25
    30 Year Cash-out Refi 6.62% 4/5/25
    30 Year USDA Purchase 7.25% 4/5/25
    15 Year Conventional Purchase 6.66% 4/5/25
    15 Year Conventional Refi 6.65% 4/5/25
    15 Year Cash-out Refi 6.65% 4/5/25
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    First Bankers Trust Company Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from First Bankers Trust Company. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    143

    Origination Dollar Volume (All Markets)

    $20,915,000

    Awards

    First Bankers Trust Company 30 Year Conventional Loans gold First Bankers Trust Company 30 Year Conventional Loans gold
    Show all (2) awards

    Relative Rate

    First Bankers Trust Company's average 30 year fixed mortgage rate was 6.68%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of 0.13%.

    Relative Fees (Closing Costs)

    First Bankers Trust Company's average total fees/closing costs for a 30 year fixed rate mortgage were $2,051.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $8,356.

    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
    Quincy, IL-MO (FHA|USDA|VA) 84 $10,020,000 $119,286 $1,682 7.02%
    SPRINGFIELD, IL (FHA|USDA|VA) 9 $1,855,000 $206,111 $865 8.61%
    Macomb, IL (FHA|USDA|VA) 14 $1,720,000 $122,857 $2,310 6.80%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 6 $1,660,000 $276,667 $2,767 7.51%
    FORT WAYNE, IN (FHA|USDA|VA) 1 $1,445,000 $1,445,000 $0 8.29%
    Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) 11 $1,275,000 $115,909 $2,205 6.69%
    Outside of Metro Areas 5 $715,000 $143,000 $2,391 6.98%
    Hannibal, MO (FHA|USDA|VA) 4 $570,000 $142,500 $1,620 7.69%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 2 $460,000 $230,000 $0 8.75%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 1 $375,000 $375,000 $0 7.55%
    JEFFERSON CITY, MO (FHA|USDA|VA) 1 $265,000 $265,000 $2,976 7.38%
    Jacksonville, IL (FHA|USDA|VA) 2 $240,000 $120,000 $2,397 6.69%
    Sandusky, OH (FHA|USDA|VA) 1 $135,000 $135,000 $3,129 8.13%
    PEORIA, IL (FHA|USDA|VA) 1 $105,000 $105,000 $1,877 6.13%
    SPRINGFIELD, MO (FHA|USDA|VA) 1 $75,000 $75,000 $3,001 6.25%
    First Bankers Trust Company's top markets include Quincy, Springfield, Macomb, St. Louis, and Fort Wayne among others.

    Their top states include:
  • Illinois (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Iowa (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against First Bankers Trust Company based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    First Bankers Trust Company
    Similarity Rank: 45
    HomeBank
    Similarity Rank: 72
    Morton Community Bank
    Similarity Rank: 168
    United Community Bank
    Similarity Rank: 230
    FLAT BRANCH MORTGAGE, INC.
    Similarity Rank: 2988
    CROSSCOUNTRY MORTGAGE, LLC
    Similarity Rank: 3400
    Mortgage Research Center, LLC
    Similarity Rank: 3672
    QUICKEN LOANS, LLC
    Similarity Rank: 12922

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 138 $20,330,000 $147,319 $1,809 7.16%
    USDA 5 $585,000 $117,000 $3,728 6.70%

    For 2024, First Bankers Trust Company's most frequently originated type of loan was Conventional, with 138 originations. Their 2nd most popular type was USDA, with 5 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 100 $16,950,000 $169,500 $2,118 6.88%
    Refi 19 $2,195,000 $115,526 $1,261 7.51%
    Cash Out Refi 19 $1,355,000 $71,316 $1,377 7.67%
    Home Improvement 4 $380,000 $95,000 $0 9.06%
    Other 1 $35,000 $35,000 $0 7.99%

    For 2024, First Bankers Trust Company's most frequently cited loan purpose was Home Purchase, with 100 originations. The 2nd most popular reason was Refi, with 19 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 94 $13,310,000 $141,596 $2,051 6.68%
    5 Year 16 $3,960,000 $247,500 $669 8.33%
    15 Year 14 $1,350,000 $96,429 $1,534 7.32%
    Other 9 $1,015,000 $112,778 $929 8.39%
    10 Year 4 $140,000 $35,000 $1,155 8.03%
    1 Year 3 $685,000 $228,333 $0 8.18%
    20 Year 2 $120,000 $60,000 $1,589 8.81%
    3 Year 1 $335,000 $335,000 $0 7.75%

    For 2024, First Bankers Trust Company's most frequently cited loan duration was 30 Year, with 94 originations. The 2nd most popular length was 5 Year, with 16 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 114 $14,490,000 $127,105
    $1k-2k 5 $585,000 $117,000

    First Bankers Trust Company's average total fees were $2,051, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 114 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 76 $10,480,000 $137,895
    7-8% 34 $5,500,000 $161,765
    Over 8% 25 $4,185,000 $167,400
    5-6% 8 $750,000 $93,750

    During 2024, First Bankers Trust Company's average interest rate for loans was 6.68%, while their most frequently originated rate bucket for loans was 6-7%, with 76 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 65 $3,905,000 $60,077 $1,654 7.32%
    $100k-200k 54 $7,600,000 $140,741 $2,061 6.83%
    $200k-400k 18 $5,020,000 $278,889 $2,112 7.27%
    $400k-600k 4 $2,140,000 $535,000 $2,490 7.33%
    $1MM+ 1 $1,445,000 $1,445,000 $0 8.29%
    $600k-1MM 1 $805,000 $805,000 $0 7.99%

    2024 saw First Bankers Trust Company place emphasis on $100,000 or less loans with 65 originations, totaling $3,905,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 35 $3,085,000 $88,143 $1,847 6.98%
    $50k or less 27 $2,265,000 $83,889 $1,896 6.64%
    $100k-150k 23 $3,885,000 $168,913 $1,776 6.84%
    $75k-100k 22 $2,450,000 $111,364 $1,918 6.94%
    $150k-250k 12 $2,060,000 $171,667 $2,269 7.40%
    $250k+ 8 $2,720,000 $340,000 $1,885 7.52%

    First Bankers Trust Company lent most frequently to those with incomes in the $50k-75k range, with 35 originations. The second most popular income band? $50k or less, with 27 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 34 $4,630,000 $136,176 $1,919 6.89%
    20-30% 29 $3,425,000 $118,103 $1,940 6.80%
    <20% 15 $1,885,000 $125,667 $1,720 7.02%
    40% 5 $695,000 $139,000 $1,860 6.55%
    41% 5 $665,000 $133,000 $1,351 7.58%
    38% 4 $450,000 $112,500 $2,319 6.22%
    >60% 3 $245,000 $81,667 $1,153 8.16%
    36% 3 $475,000 $158,333 $2,035 6.63%
    37% 3 $515,000 $171,667 $2,205 6.67%
    39% 3 $275,000 $91,667 $2,046 7.17%
    42% 3 $265,000 $88,333 $2,520 7.25%
    44% 3 $435,000 $145,000 $1,779 6.83%
    50-60% 3 $255,000 $85,000 $1,468 7.08%
    46% 2 $190,000 $95,000 $1,900 6.31%
    47% 2 $110,000 $55,000 $1,611 7.19%
    48% 1 $115,000 $115,000 $1,931 6.63%
    49% 1 $185,000 $185,000 $2,752 6.50%
    43% 1 $115,000 $115,000 $1,635 6.63%
    45% 1 $275,000 $275,000 $2,944 6.63%

    First Bankers Trust Company lent most frequently to those with DTI ratios of 30-36%, with 34 originations. The next most common DTI ratio? 20-30%, with 29 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 122 $15,210,000 $124,672 $1,893 6.92%
    Not applicable 15 $4,415,000 $294,333 $0 8.58%
    Not provided 5 $1,135,000 $227,000 $0 8.23%
    Other Asian 1 $155,000 $155,000 $1,516 7.38%

    Approval Rates

    Total approvals of all applications
    92.68%

    First Bankers Trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.51%

    First Bankers Trust Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 143 $20,915,000 $146,259

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    143 $20,915,000 $146,259

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 14 $1,090,000 $77,857 $1,545 7.51%
    40-60% 19 $2,255,000 $118,684 $1,597 7.43%
    60-80% 48 $7,780,000 $162,083 $1,800 7.00%
    80-100% 50 $7,910,000 $158,200 $2,310 6.84%
    Over 100% 3 $1,035,000 $345,000 $3,129 8.37%
    Under 20% 9 $845,000 $93,889 $987 7.98%