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 and Cash Out Refi 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, Macomb, Springfield, Hannibal, and Naples among others. We have data for 13 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.

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    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

    306

    Origination Dollar Volume (All Markets)

    $36,570,000

    Employee count

    169

    Awards

    First Bankers Trust Company 30 Year Conventional Loans gold First Bankers Trust Company 30 Year Conventional Loans gold First Bankers Trust Company 30 Year Conventional Loans gold First Bankers Trust Company USDA Loans silver
    Show all (4) 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) 203 $25,675,000 $126,478 $1,522 4.08%
    Macomb, IL (FHA|USDA|VA) 31 $2,795,000 $90,161 $1,677 4.14%
    Outside of Metro Areas 15 $2,065,000 $137,667 $1,798 4.54%
    SPRINGFIELD, IL (FHA|USDA|VA) 22 $1,610,000 $73,182 $2,737 4.90%
    Hannibal, MO (FHA|USDA|VA) 11 $1,145,000 $104,091 $1,631 4.30%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $1,030,000 $515,000 $4,608 4.56%
    Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) 12 $780,000 $65,000 $1,378 4.63%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 5 $505,000 $101,000 $2,131 5.05%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $305,000 $305,000 $4,088 4.38%
    Burlington, IA-IL (FHA|USDA|VA) 1 $235,000 $235,000 $2,177 3.63%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $195,000 $195,000 $1,978 3.75%
    Lebanon, MO (FHA|USDA|VA) 1 $115,000 $115,000 $2,002 4.13%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $115,000 $115,000 $2,541 3.00%
    First Bankers Trust Company's top markets include Quincy, Macomb, Springfield, Hannibal, and Naples among others.

    Their top states include:
  • Illinois (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Iowa (FHA|USDA|VA)
  • South Carolina (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: 117
    First Mid Bank & Trust
    Similarity Rank: 180
    Morton Community Bank
    Similarity Rank: 186
    Town & Country Banc Mortgage Services
    Similarity Rank: 306
    United Community Bank
    Similarity Rank: 336
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION
    Similarity Rank: 612
    Bank of Springfield
    Similarity Rank: 623
    CROSSCOUNTRY MORTGAGE, LLC
    Similarity Rank: 1266
    Mortgage Research Center, LLC
    Similarity Rank: 1840
    DELMAR FINANCIAL COMPANY
    Similarity Rank: 1890

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 290 $35,010,000 $120,724 $1,516 4.21%
    USDA 15 $1,495,000 $99,667 $3,180 4.03%
    HELOC 1 $65,000 $65,000 n/a 6.15%

    For 2019, First Bankers Trust Company's most frequently originated type of loan was Conventional, with 290 originations. Their 2nd most popular type was USDA, with 15 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 191 $23,265,000 $121,806 $1,641 4.26%
    Cash Out Refi 80 $9,390,000 $117,375 $1,599 3.98%
    Refi 33 $3,855,000 $116,818 $1,443 4.42%
    Home Improvement 2 $60,000 $30,000 $0 5.75%

    For 2019, First Bankers Trust Company's most frequently cited loan purpose was Home Purchase, with 191 originations. The 2nd most popular reason was Cash Out Refi, with 80 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 182 $23,860,000 $131,099 $1,656 4.10%
    15 Year 61 $8,265,000 $135,492 $1,618 3.53%
    5 Year 42 $2,660,000 $63,333 $807 5.41%
    10 Year 9 $555,000 $61,667 $791 5.27%
    20 Year 8 $910,000 $113,750 $1,556 3.80%
    Other 3 $305,000 $101,667 $1,619 5.08%
    3 Year 1 $15,000 $15,000 $0 6.50%

    For 2019, First Bankers Trust Company's most frequently cited loan duration was 30 Year, with 182 originations. The 2nd most popular length was 15 Year, with 61 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 243 $31,235,000 $128,539
    $1k-2k 18 $2,070,000 $115,000
    $2k-3k 1 $435,000 $435,000

    First Bankers Trust Company's average total fees were $1,656, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 243 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 152 $20,030,000 $131,776
    4-5% 106 $11,510,000 $108,585
    5-6% 33 $2,865,000 $86,818
    2.5-3% 8 $1,810,000 $226,250
    6-7% 7 $355,000 $50,714

    During 2019, First Bankers Trust Company's average interest rate for loans was 4.10%, while their most frequently originated rate bucket for loans was 3-4%, with 152 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 163 $9,835,000 $60,337 $1,487 4.46%
    $100k-200k 104 $14,700,000 $141,346 $1,682 3.91%
    $200k-400k 33 $8,885,000 $269,242 $1,766 3.97%
    $400k-600k 4 $1,880,000 $470,000 $2,121 4.13%
    $600k-1MM 2 $1,270,000 $635,000 $2,278 4.13%

    2019 saw First Bankers Trust Company place emphasis on $100,000 or less loans with 163 originations, totaling $9,835,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 86 $5,840,000 $67,907 $1,509 4.07%
    $50k-75k 70 $7,810,000 $111,571 $1,774 3.98%
    $100k-150k 45 $7,225,000 $160,556 $1,643 4.04%
    $75k-100k 37 $4,955,000 $133,919 $1,620 4.33%
    $150k-250k 21 $3,875,000 $184,524 $1,638 4.38%
    $250k+ 18 $5,000,000 $277,778 $1,261 4.42%

    First Bankers Trust Company lent most frequently to those with incomes in the $50k or less range, with 86 originations. The second most popular income band? $50k-75k, with 70 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 83 $9,715,000 $117,048 $1,541 3.97%
    30-36% 55 $6,355,000 $115,545 $1,816 4.10%
    <20% 49 $6,795,000 $138,673 $1,425 4.02%
    39% 10 $1,340,000 $134,000 $1,961 3.88%
    36% 10 $1,420,000 $142,000 $1,518 4.10%
    43% 10 $1,630,000 $163,000 $1,462 4.14%
    41% 9 $845,000 $93,889 $1,419 4.19%
    38% 8 $1,270,000 $158,750 $1,802 3.78%
    42% 6 $990,000 $165,000 $1,673 3.96%
    40% 5 $925,000 $185,000 $2,071 4.05%
    48% 4 $330,000 $82,500 $1,456 4.00%
    44% 4 $370,000 $92,500 $1,559 3.94%
    45% 3 $355,000 $118,333 $1,487 3.96%
    46% 3 $455,000 $151,667 $1,482 4.00%
    47% 3 $665,000 $221,667 $1,759 3.58%
    37% 2 $460,000 $230,000 $2,747 4.06%
    >60% 1 $5,000 $5,000 $1,186 5.75%

    First Bankers Trust Company lent most frequently to those with DTI ratios of 20-30%, with 83 originations. The next most common DTI ratio? 30-36%, with 55 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 271 $33,285,000 $122,823 $1,626 4.11%
    Not provided 6 $1,090,000 $181,667 $997 4.60%
    Not applicable 22 $1,080,000 $49,091 $0 5.30%
    Black 4 $810,000 $202,500 $1,719 4.28%
    Asian 3 $305,000 $101,667 $1,380 4.58%

    Approval Rates

    Total approvals of all applications
    96.30%

    First Bankers Trust Company 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
    89.54%

    First Bankers Trust Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 306 $36,570,000 $119,510

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 11 $545,000 $49,545
    Single Family (1-4 Units):Manufactured 1 $55,000 $55,000
    Single Family (1-4 Units):Site-Built 294 $35,970,000 $122,347

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 23 $1,605,000 $69,783 $1,246 4.60%
    40-60% 36 $3,220,000 $89,444 $1,438 4.09%
    60-80% 100 $14,860,000 $148,600 $1,592 4.13%
    80-100% 133 $16,205,000 $121,842 $1,747 4.15%
    Under 20% 14 $680,000 $48,571 $731 5.07%

    Complaints

    Bank Name Product Issue 2019 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 $39,919
    First Bankers Trust Company, National Association 116 South Congress Street Rushville, IL 62681 Full Service B&M $22,498
    First Bankers Trust Company, National Association 12th And Broadway Quincy, IL 62301 Full Service B&M $363,642
    First Bankers Trust Company, National Association 1395 Buchanan Street Carthage, IL 62321 Full Service B&M $40,514
    First Bankers Trust Company, National Association 1630 East Jackson Macomb, IL 61455 Full Service B&M $5,311
    First Bankers Trust Company, National Association 2201 Wabash Ave Springfield, IL 62704 Full Service B&M $24,206
    First Bankers Trust Company, National Association 2321 Kochs Lane Quincy, IL 62301 Full Service B&M $49,010
    First Bankers Trust Company, National Association 3333 Broadway Quincy, IL 62301 Full Service B&M $75,865
    First Bankers Trust Company, National Association 440 North Lafayette Street Macomb, IL 61455 Full Service B&M $85,133
    First Bankers Trust Company, National Association 502 South 24th Street Quincy, IL 62301 Full Service B&M $44,410

    For 2019, First Bankers Trust Company had 10 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $32,638
    Net interest income $26,754
    Total noninterest income $6,838
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,208
    Trading account gains and fees $0
    Additional Noninterest Income $5,630
    Pre-tax net operating income $10,041
    Securities gains (or losses, -) $-55
    Income before extraordinary items $7,917
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $7,917
    Minority interest net income $0
    Net income $7,917
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $7,960

    First Bankers Trust Company's gross interest income from loans was $32,638,000.
    First Bankers Trust Company's net interest income from loans was $26,754,000.
    First Bankers Trust Company's fee based income from loans was $1,208,000.
    First Bankers Trust Company's net income from loans was $7,917,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $5,884
    Provision for credit losses $2,400
    Total noninterest expense $21,151
    Salaries and employee benefits $12,267
    Premises and equipment expense $2,017
    Additional noninterest expense $6,867
    Applicable income taxes $2,069
    Net charge-offs $3,411
    Cash dividends $3,200

    First Bankers Trust Company's interest expense for loans was $5,884,000.
    First Bankers Trust Company's payroll and benefits expense were $12,267,000.
    First Bankers Trust Company's property, plant and equipment expenses $2,017,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 5.0%
    Nonfarm, nonresidential loans 1.0%
    Multifamily residential loans 2.0%
    1-4 family residential loans 2.0%
    HELOC loans 0.0%
    All other family 3.0%
    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 $738,126
    Deposits held in domestic offices $738,126
    Deposits by Individuals, partnerships, and corporations $577,494
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $160,220
    Deposits by Commercial banks and other depository institutions in U.S. $411
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $125,533
    Demand deposits $59,655
    Nontransaction accounts $612,592
    Money market deposit accounts (MMDAs) $39,826
    Other savings deposits (excluding MMDAs) $369,722
    Total time deposits $203,044
    Total time and savings deposits $678,470
    Noninterest-bearing deposits $141,950
    Interest-bearing deposits $596,176
    Retail deposits $674,969
    IRAs and Keogh plan accounts $18,534
    Brokered deposits $32,349
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $921,626
    Cash & Balances due from depository institutions $31,825
    Interest-bearing balances $22,551
    Total securities $345,140
    Federal funds sold & reverse repurchase $13,031
    Net loans and leases $488,980
    Loan and leases loss allowance $11,788
    Trading account assets $0
    Bank premises and fixed assets $13,974
    Other real estate owned $377
    Goodwill and other intangibles $2,917
    All other assets $25,382

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $921,626
    Total Liabilities $825,150
    Total deposits $738,126
    Interest-bearing deposits $596,176
    Deposits held in domestic offices $738,126
    % insured (estimated) $69
    Federal funds purchased and repurchase agreements $80,533
    Trading liabilities $0
    Other borrowed funds $1,039
    Subordinated debt $0
    All other liabilities $5,452

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $488,980
    Loan and leases loss allowance $11,788
    Total loans and leases (domestic) $500,768
    All real estate loans $342,360
    Real estate loans in domestic offices $342,360
    Construction and development loans $7,723
    Residential 1-4 family construction $3,181
    Other construction, all land development and other land $4,542
    Loans secured by nonfarm nonresidential properties $178,574
    Nonfarm nonresidential secured by owner-occupied properties $65,419
    Commercial real estate & other non-farm, non-residential $113,155
    Multifamily residential real estate $19,477
    1-4 family residential loans $82,735
    Farmland loans $53,851
    Loans held in foreign offices $0
    Farm loans $35,680
    Commercial and industrial loans $66,878
    To non-U.S. addressees $0
    Loans to individuals $43,813
    Credit card loans $0
    Related Plans $161
    Consumer Auto Loans $40,169
    Other loans to individuals $3,483
    All other loans & leases $12,118
    Loans to foreign governments and official institutions $0
    Other loans $3,631
    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 $1,238
    Non 1-4 family restructured loans & leases $1,238
    Total loans and leases (foreign) $0

    First Bankers Trust Company had $488,980,000 of loans outstanding in 2019. $342,360,000 of loans were in real estate loans. $7,723,000 of loans were in development loans. $19,477,000 of loans were in multifamily mortgage loans. $82,735,000 of loans were in 1-4 family mortgage loans. $35,680,000 of loans were in farm loans. $0 of loans were in credit card loans. $40,169,000 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 237 $50,900 $214,768
    Nonfarm, nonresidential loans - <$100k 83 $3,360 $40,482
    Nonfarm, nonresidential loans - $100-250k 60 $6,521 $108,683
    Nonfarm, nonresidential loans - $250k-1MM 94 $41,019 $436,372
    Commercial & Industrial, US addressed loans - <$1MM 299 $21,799 $72,906
    Commercial & Industrial, US addressed loans - <$100k 203 $4,442 $21,882
    Commercial & Industrial, US addressed loans - $100-250k 48 $4,771 $99,396
    Commercial & Industrial, US addressed loans - $250k-1MM 48 $12,586 $262,208
    Farmland loans - <$1MM 212 $20,680 $97,547
    Farmland loans - <$100k 73 $2,716 $37,205
    Farmland loans - $100-250k 81 $7,889 $97,395
    Farmland loans - $250k-1MM 58 $10,075 $173,707
    Agriculture operations loans - <$1MM 334 $18,000 $53,892
    Agriculture operations loans - <$100k 247 $5,924 $23,984
    Agriculture operations loans - $100-250k 69 $7,571 $109,725
    Agriculture operations loans - $250k-1MM 18 $4,505 $250,278