First Bankers Trust Company Mortgage Rates, Fees & Info

Quincy, IL

LEI: 2549003SD8SH7JXN6S72

Tax ID: 37-0622729

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • 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. Their top markets by origination volume include: Quincy, Springfield, Macomb, Fort Madison, and Hannibal among others. We have data for 10 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 an above 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
    Home Equity Line of Credit (HELOC) 6.27% 4/28/24
    30 Year Conventional Purchase 6.56% 4/28/24
    30 Year Conventional Refi 6.58% 4/28/24
    30 Year Cash-out Refi 6.56% 4/28/24
    30 Year USDA Purchase 7.13% 4/28/24
    15 Year Conventional Purchase 6.19% 4/28/24
    15 Year Conventional Refi 6.05% 4/28/24
    15 Year Cash-out Refi 6.05% 4/28/24
    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

    272

    Origination Dollar Volume (All Markets)

    $33,770,000

    Employee count

    172 Show all (5) awards

    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) 189 $23,595,000 $124,841 $1,432 4.65%
    SPRINGFIELD, IL (FHA|USDA|VA) 14 $3,170,000 $226,429 $2,261 4.96%
    Macomb, IL (FHA|USDA|VA) 27 $2,415,000 $89,444 $1,907 4.87%
    Outside of Metro Areas 21 $2,285,000 $108,810 $1,927 5.02%
    Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) 10 $900,000 $90,000 $1,517 4.89%
    Hannibal, MO (FHA|USDA|VA) 6 $900,000 $150,000 $1,648 4.38%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $205,000 $205,000 $3,136 5.00%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 2 $140,000 $70,000 $2,451 5.19%
    Jacksonville, IL (FHA|USDA|VA) 1 $115,000 $115,000 $1,396 4.50%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $45,000 $45,000 $1,505 3.50%
    First Bankers Trust Company's top markets include Quincy, Springfield, Macomb, Fort Madison, and Hannibal among others.

    Their top states include:
  • Illinois (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Arkansas (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: 80
    HomeBank
    Similarity Rank: 96
    Fortress Bank
    Similarity Rank: 120
    First Mid Bank & Trust
    Similarity Rank: 145
    Morton Community Bank
    Similarity Rank: 216
    Flanagan State Bank
    Similarity Rank: 266
    Town & Country Banc Mortgage Services
    Similarity Rank: 429
    United Community Bank
    Similarity Rank: 429
    Bank of Springfield
    Similarity Rank: 440
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION
    Similarity Rank: 630

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 250 $31,960,000 $127,840 $1,427 4.71%
    USDA 21 $1,755,000 $83,571 $2,900 4.80%
    HELOC 1 $55,000 $55,000 n/a 5.75%

    For 2018, First Bankers Trust Company's most frequently originated type of loan was Conventional, with 250 originations. Their 2nd most popular type was USDA, with 21 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 195 $23,275,000 $119,359 $1,579 4.68%
    Cash Out Refi 43 $3,665,000 $85,233 $1,521 4.86%
    Refi 30 $5,370,000 $179,000 $1,477 4.70%
    Home Improvement 4 $1,460,000 $365,000 $0 5.11%

    For 2018, First Bankers Trust Company's most frequently cited loan purpose was Home Purchase, with 195 originations. The 2nd most popular reason was Cash Out Refi, with 43 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 169 $20,855,000 $123,402 $1,625 4.67%
    15 Year 43 $4,565,000 $106,163 $1,527 4.23%
    5 Year 33 $4,095,000 $124,091 $683 5.39%
    20 Year 10 $1,160,000 $116,000 $1,611 4.53%
    Other 7 $2,565,000 $366,429 $1,461 4.88%
    10 Year 6 $260,000 $43,333 $381 5.54%
    3 Year 3 $215,000 $71,667 $0 5.42%
    1 Year 1 $55,000 $55,000 $0 5.75%

    For 2018, First Bankers Trust Company's most frequently cited loan duration was 30 Year, with 169 originations. The 2nd most popular length was 15 Year, with 43 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 203 $23,605,000 $116,281
    $1k-2k 28 $3,270,000 $116,786
    $3k-4k 1 $95,000 $95,000

    First Bankers Trust Company's average total fees were $1,625, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 203 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 183 $22,515,000 $123,033
    5-6% 59 $6,095,000 $103,305
    3-4% 27 $5,015,000 $185,741
    6-7% 3 $145,000 $48,333

    During 2018, First Bankers Trust Company's average interest rate for loans was 4.67%, while their most frequently originated rate bucket for loans was 4-5%, with 183 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 142 $8,970,000 $63,169 $1,587 4.81%
    $100k-200k 99 $13,365,000 $135,000 $1,543 4.61%
    $200k-400k 24 $6,150,000 $256,250 $1,502 4.59%
    $400k-600k 3 $1,305,000 $435,000 $973 4.71%
    $600k-1MM 3 $2,575,000 $858,333 $2,185 4.63%
    $1MM+ 1 $1,405,000 $1,405,000 $0 4.93%

    2018 saw First Bankers Trust Company place emphasis on $100,000 or less loans with 142 originations, totaling $8,970,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 90 $6,520,000 $72,444 $1,661 4.72%
    $50k-75k 59 $5,595,000 $94,831 $1,660 4.66%
    $100k-150k 42 $6,450,000 $153,571 $1,540 4.66%
    $75k-100k 41 $5,455,000 $133,049 $1,454 4.74%
    $150k-250k 16 $2,380,000 $148,750 $1,091 4.94%
    $250k+ 10 $3,150,000 $315,000 $1,268 4.63%

    First Bankers Trust Company lent most frequently to those with incomes in the $50k or less range, with 90 originations. The second most popular income band? $50k-75k, with 59 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 71 $7,545,000 $106,268 $1,535 4.53%
    30-36% 60 $6,350,000 $105,833 $1,552 4.70%
    <20% 35 $4,865,000 $139,000 $1,537 4.50%
    36% 11 $1,465,000 $133,182 $1,629 4.43%
    38% 11 $1,195,000 $108,636 $1,208 4.85%
    37% 10 $990,000 $99,000 $1,835 4.83%
    40% 9 $1,085,000 $120,556 $1,949 4.71%
    39% 8 $1,060,000 $132,500 $1,373 4.59%
    44% 6 $640,000 $106,667 $1,637 4.63%
    41% 5 $545,000 $109,000 $1,905 4.10%
    42% 2 $190,000 $95,000 $2,345 4.88%
    43% 2 $190,000 $95,000 $1,610 4.44%
    45% 2 $470,000 $235,000 $313 5.31%
    47% 1 $235,000 $235,000 $1,868 5.50%
    49% 1 $275,000 $275,000 $1,379 4.50%

    First Bankers Trust Company lent most frequently to those with DTI ratios of 20-30%, with 71 originations. The next most common DTI ratio? 30-36%, with 60 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 258 $29,300,000 $113,566 $1,564 4.70%
    Not applicable 8 $3,750,000 $468,750 $0 5.19%
    Black 6 $720,000 $120,000 $1,392 4.86%

    Approval Rates

    Total approvals of all applications
    92.83%

    First Bankers Trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    90.44%

    First Bankers Trust Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 272 $33,770,000 $124,154

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $855,000 $855,000
    Multifamily:Site-Built 4 $2,500,000 $625,000
    Single Family (1-4 Units):Manufactured 1 $25,000 $25,000
    Single Family (1-4 Units):Site-Built 266 $30,390,000 $114,248

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 19 $1,825,000 $96,053 $1,107 4.73%
    40-60% 26 $3,750,000 $144,231 $1,426 4.78%
    60-80% 96 $11,500,000 $119,792 $1,570 4.71%
    80-100% 122 $15,130,000 $124,016 $1,693 4.68%
    Over 100% 2 $1,160,000 $580,000 $0 5.00%
    Under 20% 7 $405,000 $57,857 $606 5.23%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    First Equity Mortgage Bankers, Inc. Conventional home mortgage Trouble during payment process 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    First Bankers Trust Company, National Association 101 East Collins Street Mendon, IL 62351 Full Service B&M $34,042
    First Bankers Trust Company, National Association 116 South Congress Street Rushville, IL 62681 Full Service B&M $30,525
    First Bankers Trust Company, National Association 12th And Broadway Quincy, IL 62301 Full Service B&M $340,948
    First Bankers Trust Company, National Association 1395 Buchanan Street Carthage, IL 62321 Full Service B&M $41,358
    First Bankers Trust Company, National Association 1630 East Jackson Macomb, IL 61455 Full Service B&M $5,996
    First Bankers Trust Company, National Association 2201 Wabash Ave Springfield, IL 62704 Full Service B&M $27,879
    First Bankers Trust Company, National Association 2321 Kochs Lane Quincy, IL 62301 Full Service B&M $50,468
    First Bankers Trust Company, National Association 3333 Broadway Quincy, IL 62301 Full Service B&M $80,654
    First Bankers Trust Company, National Association 440 North Lafayette Street Macomb, IL 61455 Full Service B&M $85,641
    First Bankers Trust Company, National Association 502 South 24th Street Quincy, IL 62301 Full Service B&M $44,245

    For 2018, First Bankers Trust Company had 10 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $31,873
    Net interest income $27,057
    Total noninterest income $6,430
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,266
    Trading account gains and fees $0
    Additional Noninterest Income $5,164
    Pre-tax net operating income $7,128
    Securities gains (or losses, -) $9
    Income before extraordinary items $5,816
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,816
    Minority interest net income $0
    Net income $5,816
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $5,808

    First Bankers Trust Company's gross interest income from loans was $31,873,000.
    First Bankers Trust Company's net interest income from loans was $27,057,000.
    First Bankers Trust Company's fee based income from loans was $1,266,000.
    First Bankers Trust Company's net income from loans was $5,816,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,816
    Provision for credit losses $6,550
    Total noninterest expense $19,809
    Salaries and employee benefits $11,807
    Premises and equipment expense $1,958
    Additional noninterest expense $6,044
    Applicable income taxes $1,321
    Net charge-offs $2,853
    Cash dividends $3,500

    First Bankers Trust Company's interest expense for loans was $4,816,000.
    First Bankers Trust Company's payroll and benefits expense were $11,807,000.
    First Bankers Trust Company's property, plant and equipment expenses $1,958,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 2.0%
    Real Estate loans 3.0%
    Construction & Land Development loans 5.0%
    Nonfarm, nonresidential loans 5.0%
    Multifamily residential loans 2.0%
    1-4 family residential loans 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    Commercial & industrial loans 1.0%
    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 $741,194
    Deposits held in domestic offices $741,194
    Deposits by Individuals, partnerships, and corporations $575,442
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $165,285
    Deposits by Commercial banks and other depository institutions in U.S. $467
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $124,500
    Demand deposits $76,239
    Nontransaction accounts $616,694
    Money market deposit accounts (MMDAs) $40,075
    Other savings deposits (excluding MMDAs) $379,750
    Total time deposits $196,869
    Total time and savings deposits $664,955
    Noninterest-bearing deposits $139,465
    Interest-bearing deposits $601,729
    Retail deposits $720,791
    IRAs and Keogh plan accounts $20,439
    Brokered deposits $22,290
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $917,501
    Cash & Balances due from depository institutions $34,038
    Interest-bearing balances $25,024
    Total securities $351,688
    Federal funds sold & reverse repurchase $16,706
    Net loans and leases $468,031
    Loan and leases loss allowance $12,799
    Trading account assets $0
    Bank premises and fixed assets $15,074
    Other real estate owned $681
    Goodwill and other intangibles $3,087
    All other assets $28,196

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $917,501
    Total Liabilities $834,065
    Total deposits $741,194
    Interest-bearing deposits $601,729
    Deposits held in domestic offices $741,194
    % insured (estimated) $70
    Federal funds purchased and repurchase agreements $88,559
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $4,312

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $468,031
    Loan and leases loss allowance $12,799
    Total loans and leases (domestic) $480,830
    All real estate loans $343,756
    Real estate loans in domestic offices $343,756
    Construction and development loans $11,304
    Residential 1-4 family construction $2,342
    Other construction, all land development and other land $8,962
    Loans secured by nonfarm nonresidential properties $178,519
    Nonfarm nonresidential secured by owner-occupied properties $65,932
    Commercial real estate & other non-farm, non-residential $112,587
    Multifamily residential real estate $19,191
    1-4 family residential loans $88,988
    Farmland loans $45,754
    Loans held in foreign offices $0
    Farm loans $39,750
    Commercial and industrial loans $43,009
    To non-U.S. addressees $0
    Loans to individuals $43,486
    Credit card loans $0
    Related Plans $182
    Consumer Auto Loans $39,118
    Other loans to individuals $4,186
    All other loans & leases $10,865
    Loans to foreign governments and official institutions $0
    Other loans $4,527
    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 $6,375
    Non 1-4 family restructured loans & leases $6,375
    Total loans and leases (foreign) $0

    First Bankers Trust Company had $468,031,000 of loans outstanding in 2018. $343,756,000 of loans were in real estate loans. $11,304,000 of loans were in development loans. $19,191,000 of loans were in multifamily mortgage loans. $88,988,000 of loans were in 1-4 family mortgage loans. $39,750,000 of loans were in farm loans. $0 of loans were in credit card loans. $39,118,000 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 245 $49,408 $201,665
    Nonfarm, nonresidential loans - <$100k 90 $3,355 $37,278
    Nonfarm, nonresidential loans - $100-250k 62 $6,743 $108,758
    Nonfarm, nonresidential loans - $250k-1MM 93 $39,310 $422,688
    Commercial & Industrial, US addressed loans - <$1MM 323 $22,390 $69,319
    Commercial & Industrial, US addressed loans - <$100k 225 $4,956 $22,027
    Commercial & Industrial, US addressed loans - $100-250k 52 $4,444 $85,462
    Commercial & Industrial, US addressed loans - $250k-1MM 46 $12,990 $282,391
    Farmland loans - <$1MM 203 $20,408 $100,532
    Farmland loans - <$100k 67 $2,388 $35,642
    Farmland loans - $100-250k 79 $7,067 $89,456
    Farmland loans - $250k-1MM 57 $10,953 $192,158
    Agriculture operations loans - <$1MM 368 $19,178 $52,114
    Agriculture operations loans - <$100k 280 $6,687 $23,882
    Agriculture operations loans - $100-250k 69 $8,103 $117,435
    Agriculture operations loans - $250k-1MM 19 $4,388 $230,947