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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    • 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 Refi, 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 Fort Madison among others. We have data for 23 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.27% 12/16/24
    30 Year Conventional Purchase 6.56% 12/16/24
    30 Year Conventional Refi 6.58% 12/16/24
    30 Year Cash-out Refi 6.56% 12/16/24
    30 Year USDA Purchase 7.13% 12/16/24
    15 Year Conventional Purchase 6.19% 12/16/24
    15 Year Conventional Refi 6.05% 12/16/24
    15 Year Cash-out Refi 6.05% 12/16/24
    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

    622

    Origination Dollar Volume (All Markets)

    $91,740,000

    Employee count

    175 Show all (7) 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) 417 $64,105,000 $153,729 $1,593 2.78%
    Outside of Metro Areas 47 $6,245,000 $132,872 $1,814 2.94%
    Macomb, IL (FHA|USDA|VA) 54 $6,230,000 $115,370 $1,705 2.88%
    SPRINGFIELD, IL (FHA|USDA|VA) 34 $3,970,000 $116,765 $1,729 3.64%
    Hannibal, MO (FHA|USDA|VA) 21 $2,755,000 $131,190 $1,604 2.79%
    Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) 19 $1,925,000 $101,316 $1,539 2.91%
    PEORIA, IL (FHA|USDA|VA) 6 $1,350,000 $225,000 $1,539 2.88%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $1,130,000 $565,000 $5,880 3.06%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 5 $825,000 $165,000 $1,853 2.82%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $365,000 $365,000 $0 4.40%
    Jacksonville, IL (FHA|USDA|VA) 3 $365,000 $121,667 $1,814 2.58%
    COLUMBIA, MO (FHA|USDA|VA) 1 $305,000 $305,000 $1,811 2.50%
    Rolla, MO (FHA|USDA|VA) 1 $295,000 $295,000 $2,042 2.75%
    MADISON, WI (FHA|USDA|VA) 1 $255,000 $255,000 $2,709 2.50%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $235,000 $235,000 $3,052 2.50%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $215,000 $215,000 $2,580 2.38%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $215,000 $215,000 $1,609 2.50%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 1 $205,000 $205,000 $2,208 3.00%
    JEFFERSON CITY, MO (FHA|USDA|VA) 2 $200,000 $100,000 $1,986 2.75%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $195,000 $195,000 $1,569 3.00%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $195,000 $195,000 $1,791 2.75%
    Burlington, IA-IL (FHA|USDA|VA) 1 $95,000 $95,000 $1,959 2.50%
    DECATUR, IL (FHA|USDA|VA) 1 $65,000 $65,000 $2,069 2.38%
    First Bankers Trust Company's top markets include Quincy, Macomb, Springfield, Hannibal, and Fort Madison among others.

    Their top states include:
  • Illinois (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Wisconsin (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.

    HNB National Bank
    Similarity Rank: 30
    First Bankers Trust Company
    Similarity Rank: 184
    Morton Community Bank
    Similarity Rank: 306
    Flanagan State Bank
    Similarity Rank: 336
    First Mid Bank & Trust
    Similarity Rank: 480
    Town & Country Banc Mortgage Services
    Similarity Rank: 608
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION
    Similarity Rank: 705
    United Community Bank
    Similarity Rank: 748
    Bank of Springfield
    Similarity Rank: 792
    Mortgage Research Center, LLC
    Similarity Rank: 2763

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 611 $90,785,000 $148,584 $1,624 2.84%
    USDA 11 $955,000 $86,818 $3,090 3.42%

    For 2020, First Bankers Trust Company's most frequently originated type of loan was Conventional, with 611 originations. Their 2nd most popular type was USDA, with 11 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 246 $36,190,000 $147,114 $1,636 2.79%
    Home Purchase 217 $29,745,000 $137,074 $1,661 2.95%
    Cash Out Refi 159 $25,805,000 $162,296 $1,664 2.81%

    For 2020, First Bankers Trust Company's most frequently cited loan purpose was Refi, with 246 originations. The 2nd most popular reason was Home Purchase, with 217 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 287 $42,025,000 $146,429 $1,644 2.90%
    15 Year 193 $27,485,000 $142,409 $1,664 2.46%
    20 Year 61 $8,045,000 $131,885 $1,604 2.76%
    5 Year 40 $4,220,000 $105,500 $0 4.18%
    10 Year 19 $6,615,000 $348,158 $1,465 3.11%
    Other 18 $2,890,000 $160,556 $2,109 3.26%
    3 Year 3 $335,000 $111,667 $0 3.69%
    1 Year 1 $125,000 $125,000 $0 3.75%

    For 2020, First Bankers Trust Company's most frequently cited loan duration was 30 Year, with 287 originations. The 2nd most popular length was 15 Year, with 193 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 556 $80,220,000 $144,281
    $1k-2k 13 $1,455,000 $111,923

    First Bankers Trust Company's average total fees were $1,644, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 556 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    <2.5% 245 $35,355,000 $144,306
    2.5-3% 245 $40,725,000 $166,224
    3-4% 103 $13,425,000 $130,340
    4-5% 23 $1,925,000 $83,696
    5-6% 6 $310,000 $51,667

    During 2020, First Bankers Trust Company's average interest rate for loans was 2.90%, while their most frequently originated rate bucket for loans was <2.5%, with 245 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 281 $38,835,000 $138,203 $1,625 2.77%
    $100,000 or less 222 $15,160,000 $68,288 $1,572 3.02%
    $200k-400k 107 $27,525,000 $257,243 $1,779 2.70%
    $400k-600k 8 $3,760,000 $470,000 $2,124 2.96%
    $1MM+ 3 $5,825,000 $1,941,667 $8,020 3.16%
    $600k-1MM 1 $635,000 $635,000 $1,777 3.40%

    2020 saw First Bankers Trust Company place emphasis on $100k-200k loans with 281 originations, totaling $38,835,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 129 $21,515,000 $166,783 $1,682 2.73%
    $50k-75k 126 $14,120,000 $112,063 $1,632 2.83%
    $75k-100k 126 $17,340,000 $137,619 $1,614 2.87%
    $50k or less 118 $9,550,000 $80,932 $1,589 2.90%
    $150k-250k 52 $9,900,000 $190,385 $1,741 2.86%
    $250k+ 23 $7,775,000 $338,043 $2,067 2.64%

    First Bankers Trust Company lent most frequently to those with incomes in the $100k-150k range, with 129 originations. The second most popular income band? $50k-75k, with 126 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 205 $28,485,000 $138,951 $1,645 2.80%
    <20% 141 $19,715,000 $139,823 $1,631 2.65%
    30-36% 110 $16,460,000 $149,636 $1,642 2.77%
    37% 18 $2,610,000 $145,000 $1,600 2.58%
    39% 14 $2,220,000 $158,571 $1,729 2.77%
    42% 13 $1,965,000 $151,154 $1,606 2.84%
    38% 13 $2,045,000 $157,308 $1,627 2.42%
    36% 11 $1,305,000 $118,636 $1,709 2.74%
    43% 8 $1,010,000 $126,250 $1,637 2.86%
    40% 8 $1,060,000 $132,500 $1,771 2.53%
    45% 7 $985,000 $140,714 $1,595 2.88%
    41% 7 $1,585,000 $226,429 $2,475 2.80%
    46% 5 $645,000 $129,000 $1,568 2.53%
    44% 4 $500,000 $125,000 $1,510 3.03%
    47% 4 $540,000 $135,000 $1,619 2.78%
    48% 1 $515,000 $515,000 $3,309 2.75%
    49% 1 $115,000 $115,000 $1,620 3.00%
    >60% 1 $15,000 $15,000 $633 5.25%

    First Bankers Trust Company lent most frequently to those with DTI ratios of 20-30%, with 205 originations. The next most common DTI ratio? <20%, with 141 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 582 $81,290,000 $139,674 $1,652 2.82%
    Not applicable 16 $6,950,000 $434,375 $0 3.93%
    Not provided 14 $1,960,000 $140,000 $1,650 2.81%
    Black 9 $1,435,000 $159,444 $1,686 3.17%
    Asian 1 $105,000 $105,000 $1,720 2.38%

    Approval Rates

    Total approvals of all applications
    93.75%

    First Bankers Trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    91.48%

    First Bankers Trust Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 622 $91,740,000 $147,492

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 8 $6,320,000 $790,000
    Single Family (1-4 Units):Site-Built 614 $85,420,000 $139,121

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 32 $4,250,000 $132,813 $1,578 2.90%
    40-60% 107 $17,025,000 $159,112 $1,636 2.65%
    60-80% 280 $44,350,000 $158,393 $1,679 2.85%
    80-100% 192 $25,310,000 $131,823 $1,640 2.89%
    Over 100% 1 $55,000 $55,000 $2,730 3.88%
    Under 20% 7 $605,000 $86,429 $1,072 3.79%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    FIRST HORIZON BANK Other type of mortgage Closing on a mortgage 2 13.3%
    FIRST HORIZON BANK Other type of mortgage Struggling to pay mortgage 1 6.7%
    FIRST HORIZON BANK Other type of mortgage Trouble during payment process 2 13.3%
    FIRST HORIZON BANK Conventional home mortgage Closing on a mortgage 1 6.7%
    FIRST HORIZON BANK Conventional home mortgage Trouble during payment process 4 26.7%
    FIRST HORIZON BANK Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 6.7%
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 3 20.0%
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Trouble during payment process 1 6.7%

    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 $45,925
    First Bankers Trust Company, National Association 116 South Congress Street Rushville, IL 62681 Full Service B&M $23,257
    First Bankers Trust Company, National Association 12th And Broadway Quincy, IL 62301 Full Service B&M $405,470
    First Bankers Trust Company, National Association 1395 Buchanan Street Carthage, IL 62321 Full Service B&M $41,885
    First Bankers Trust Company, National Association 1630 East Jackson Macomb, IL 61455 Full Service B&M $4,643
    First Bankers Trust Company, National Association 2201 Wabash Ave Springfield, IL 62704 Full Service B&M $25,269
    First Bankers Trust Company, National Association 2321 Kochs Lane Quincy, IL 62301 Full Service B&M $49,519
    First Bankers Trust Company, National Association 3333 Broadway Quincy, IL 62301 Full Service B&M $81,811
    First Bankers Trust Company, National Association 440 North Lafayette Street Macomb, IL 61455 Full Service B&M $84,359
    First Bankers Trust Company, National Association 502 South 24th Street Quincy, IL 62301 Full Service B&M $49,395

    For 2020, First Bankers Trust Company had 10 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $30,533
    Net interest income $26,287
    Total noninterest income $7,448
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $905
    Trading account gains and fees $0
    Additional Noninterest Income $6,543
    Pre-tax net operating income $10,850
    Securities gains (or losses, -) $-4
    Income before extraordinary items $8,428
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $8,428
    Minority interest net income $0
    Net income $8,428
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $8,431

    First Bankers Trust Company's gross interest income from loans was $30,533,000.
    First Bankers Trust Company's net interest income from loans was $26,287,000.
    First Bankers Trust Company's fee based income from loans was $905,000.
    First Bankers Trust Company's net income from loans was $8,428,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,246
    Provision for credit losses $2,400
    Total noninterest expense $20,485
    Salaries and employee benefits $12,706
    Premises and equipment expense $1,812
    Additional noninterest expense $5,967
    Applicable income taxes $2,418
    Net charge-offs $2,031
    Cash dividends $3,200

    First Bankers Trust Company's interest expense for loans was $4,246,000.
    First Bankers Trust Company's payroll and benefits expense were $12,706,000.
    First Bankers Trust Company's property, plant and equipment expenses $1,812,000.

    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 24.0%
    Nonfarm, nonresidential loans 3.0%
    Multifamily residential loans 2.0%
    1-4 family residential loans 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    Commercial & industrial loans 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 $864,574
    Deposits held in domestic offices $864,574
    Deposits by Individuals, partnerships, and corporations $684,034
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $180,114
    Deposits by Commercial banks and other depository institutions in U.S. $427
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $164,903
    Demand deposits $70,826
    Nontransaction accounts $699,672
    Money market deposit accounts (MMDAs) $73,519
    Other savings deposits (excluding MMDAs) $444,632
    Total time deposits $181,521
    Total time and savings deposits $793,749
    Noninterest-bearing deposits $168,489
    Interest-bearing deposits $696,085
    Retail deposits $796,278
    IRAs and Keogh plan accounts $16,079
    Brokered deposits $38,926
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,116,868
    Cash & Balances due from depository institutions $52,680
    Interest-bearing balances $43,078
    Total securities $542,170
    Federal funds sold & reverse repurchase $7,382
    Net loans and leases $472,996
    Loan and leases loss allowance $12,157
    Trading account assets $0
    Bank premises and fixed assets $13,232
    Other real estate owned $0
    Goodwill and other intangibles $2,757
    All other assets $25,651

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,116,868
    Total Liabilities $1,009,303
    Total deposits $864,574
    Interest-bearing deposits $696,085
    Deposits held in domestic offices $864,574
    % insured (estimated) $64
    Federal funds purchased and repurchase agreements $132,581
    Trading liabilities $0
    Other borrowed funds $5,323
    Subordinated debt $0
    All other liabilities $6,825

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $472,996
    Loan and leases loss allowance $12,157
    Total loans and leases (domestic) $485,153
    All real estate loans $319,067
    Real estate loans in domestic offices $319,067
    Construction and development loans $8,742
    Residential 1-4 family construction $2,527
    Other construction, all land development and other land $6,215
    Loans secured by nonfarm nonresidential properties $175,413
    Nonfarm nonresidential secured by owner-occupied properties $57,155
    Commercial real estate & other non-farm, non-residential $118,258
    Multifamily residential real estate $14,320
    1-4 family residential loans $77,927
    Farmland loans $42,665
    Loans held in foreign offices $0
    Farm loans $32,794
    Commercial and industrial loans $83,930
    To non-U.S. addressees $0
    Loans to individuals $38,288
    Credit card loans $0
    Related Plans $130
    Consumer Auto Loans $35,539
    Other loans to individuals $2,619
    All other loans & leases $11,601
    Loans to foreign governments and official institutions $0
    Other loans $3,588
    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 $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    First Bankers Trust Company had $472,996,000 of loans outstanding in 2020. $319,067,000 of loans were in real estate loans. $8,742,000 of loans were in development loans. $14,320,000 of loans were in multifamily mortgage loans. $77,927,000 of loans were in 1-4 family mortgage loans. $32,794,000 of loans were in farm loans. $0 of loans were in credit card loans. $35,539,000 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 221 $52,054 $235,538
    Nonfarm, nonresidential loans - <$100k 77 $3,035 $39,416
    Nonfarm, nonresidential loans - $100-250k 49 $6,387 $130,347
    Nonfarm, nonresidential loans - $250k-1MM 95 $42,632 $448,758
    Commercial & Industrial, US addressed loans - <$1MM 544 $34,894 $64,143
    Commercial & Industrial, US addressed loans - <$100k 412 $9,504 $23,068
    Commercial & Industrial, US addressed loans - $100-250k 75 $8,640 $115,200
    Commercial & Industrial, US addressed loans - $250k-1MM 57 $16,750 $293,860
    Farmland loans - <$1MM 185 $17,560 $94,919
    Farmland loans - <$100k 61 $2,275 $37,295
    Farmland loans - $100-250k 76 $7,153 $94,118
    Farmland loans - $250k-1MM 48 $8,132 $169,417
    Agriculture operations loans - <$1MM 301 $16,384 $54,432
    Agriculture operations loans - <$100k 221 $5,565 $25,181
    Agriculture operations loans - $100-250k 59 $6,865 $116,356
    Agriculture operations loans - $250k-1MM 21 $3,954 $188,286