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

Jump to:

  • 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, Cash Out Refi, and 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, Rochelle, Fort Madison, and St. Louis among others. We have data for 24 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% 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

    491

    Origination Dollar Volume (All Markets)

    $78,945,000

    Employee count

    173 Show all (9) 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) 288 $45,360,000 $157,500 $1,591 2.75%
    Macomb, IL (FHA|USDA|VA) 55 $5,735,000 $104,273 $1,781 2.87%
    Rochelle, IL (FHA|USDA|VA) 2 $5,210,000 $2,605,000 $0 4.00%
    Outside of Metro Areas 35 $4,735,000 $135,286 $1,948 2.75%
    Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) 27 $3,285,000 $121,667 $1,541 2.75%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 19 $2,615,000 $137,632 $2,152 3.62%
    SPRINGFIELD, IL (FHA|USDA|VA) 22 $2,130,000 $96,818 $1,583 3.63%
    Hannibal, MO (FHA|USDA|VA) 14 $1,920,000 $137,143 $1,528 2.70%
    PEORIA, IL (FHA|USDA|VA) 5 $1,305,000 $261,000 $1,610 3.25%
    FORT COLLINS, CO (FHA|USDA|VA) 1 $795,000 $795,000 $4,191 3.38%
    MEDFORD, OR (FHA|USDA|VA) 1 $775,000 $775,000 $3,821 2.95%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 2 $720,000 $360,000 $4,566 3.13%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 1 $715,000 $715,000 $0 3.75%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 3 $585,000 $195,000 $8,699 3.29%
    Heber, UT (FHA|USDA|VA) 1 $585,000 $585,000 $3,246 2.50%
    DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 2 $420,000 $210,000 $1,789 3.25%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $405,000 $405,000 $0 4.00%
    Jacksonville, IL (FHA|USDA|VA) 6 $380,000 $63,333 $1,848 3.25%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $295,000 $295,000 $3,523 3.13%
    Rolla, MO (FHA|USDA|VA) 1 $285,000 $285,000 $1,991 2.00%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $225,000 $225,000 $3,359 2.88%
    ROCKFORD, IL (FHA|USDA|VA) 1 $215,000 $215,000 $2,685 2.38%
    COLUMBIA, MO (FHA|USDA|VA) 1 $165,000 $165,000 $0 2.99%
    Burlington, IA-IL (FHA|USDA|VA) 1 $85,000 $85,000 $1,750 2.00%
    First Bankers Trust Company's top markets include Quincy, Macomb, Rochelle, Fort Madison, and St. Louis among others.

    Their top states include:
  • Illinois (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Oregon (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.

    HomeBank
    Similarity Rank: 133
    First Bankers Trust Company
    Similarity Rank: 144
    Morton Community Bank
    Similarity Rank: 238
    Flanagan State Bank
    Similarity Rank: 316
    Bank of Springfield
    Similarity Rank: 368
    Fortress Bank
    Similarity Rank: 440
    United Community Bank
    Similarity Rank: 605
    Community Mortgage Banc Corporation
    Similarity Rank: 616
    Town & Country Banc Mortgage Services
    Similarity Rank: 624
    GERSHMAN INVESTMENT CORP.
    Similarity Rank: 670

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 478 $75,050,000 $157,008 $1,642 2.85%
    USDA 11 $1,385,000 $125,909 $3,523 3.00%
    HELOC 2 $2,510,000 $1,255,000 n/a 4.23%

    For 2021, First Bankers Trust Company's most frequently originated type of loan was Conventional, with 478 originations. Their 2nd most popular type was USDA, with 11 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 236 $40,520,000 $171,695 $1,709 3.06%
    Cash Out Refi 129 $20,775,000 $161,047 $1,668 2.72%
    Refi 126 $17,650,000 $140,079 $1,688 2.64%

    For 2021, First Bankers Trust Company's most frequently cited loan purpose was Home Purchase, with 236 originations. The 2nd most popular reason was Cash Out Refi, with 129 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 210 $33,740,000 $160,667 $1,732 2.96%
    15 Year 139 $19,355,000 $139,245 $1,662 2.30%
    5 Year 65 $12,495,000 $192,231 $0 3.76%
    20 Year 47 $6,665,000 $141,809 $1,702 2.82%
    10 Year 18 $3,800,000 $211,111 $1,466 2.46%
    Other 10 $1,630,000 $163,000 $1,560 3.31%
    1 Year 2 $1,260,000 $630,000 $0 5.00%

    For 2021, First Bankers Trust Company's most frequently cited loan duration was 30 Year, with 210 originations. The 2nd most popular length was 15 Year, with 139 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 408 $60,870,000 $149,191
    $1k-2k 10 $1,170,000 $117,000
    $2k-3k 1 $225,000 $225,000
    $4k-5k 1 $205,000 $205,000

    First Bankers Trust Company's average total fees were $1,732, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 408 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    <2.5% 198 $28,740,000 $145,152
    2.5-3% 139 $25,785,000 $185,504
    3-4% 137 $21,955,000 $160,255
    4-5% 16 $2,440,000 $152,500
    7-8% 1 $25,000 $25,000

    During 2021, First Bankers Trust Company's average interest rate for loans was 2.96%, while their most frequently originated rate bucket for loans was <2.5%, with 198 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 196 $27,440,000 $140,000 $1,703 2.78%
    $100,000 or less 195 $13,035,000 $66,846 $1,522 2.96%
    $200k-400k 81 $20,875,000 $257,716 $1,873 2.80%
    $400k-600k 8 $3,770,000 $471,250 $2,050 2.73%
    $600k-1MM 7 $5,215,000 $745,000 $3,785 3.05%
    $1MM+ 4 $8,610,000 $2,152,500 $1,682 3.55%

    2021 saw First Bankers Trust Company place emphasis on $100k-200k loans with 196 originations, totaling $27,440,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 97 $7,845,000 $80,876 $1,648 2.93%
    $100k-150k 93 $14,915,000 $160,376 $1,618 2.73%
    $75k-100k 90 $12,120,000 $134,667 $1,660 2.70%
    $50k-75k 86 $10,050,000 $116,860 $1,711 2.76%
    $150k-250k 41 $7,425,000 $181,098 $1,779 2.80%
    $250k+ 25 $10,035,000 $401,400 $2,011 2.70%

    First Bankers Trust Company lent most frequently to those with incomes in the $50k or less range, with 97 originations. The second most popular income band? $100k-150k, with 93 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 141 $20,415,000 $144,787 $1,621 2.71%
    <20% 103 $16,935,000 $164,417 $1,729 2.59%
    30-36% 85 $12,375,000 $145,588 $1,673 2.73%
    37% 14 $2,040,000 $145,714 $1,755 2.85%
    39% 13 $1,805,000 $138,846 $1,683 2.71%
    42% 12 $1,340,000 $111,667 $1,572 2.78%
    36% 12 $1,710,000 $142,500 $2,164 2.90%
    40% 9 $1,705,000 $189,444 $1,884 2.60%
    41% 8 $1,180,000 $147,500 $1,851 2.66%
    38% 5 $635,000 $127,000 $2,094 2.75%
    43% 5 $655,000 $131,000 $1,482 3.00%
    44% 5 $905,000 $181,000 $1,448 2.85%
    45% 4 $340,000 $85,000 $1,380 3.06%
    47% 3 $285,000 $95,000 $1,464 2.67%
    48% 2 $190,000 $95,000 $1,798 2.56%
    46% 1 $145,000 $145,000 $1,534 2.00%
    49% 1 $225,000 $225,000 $3,359 2.88%
    >60% 1 $125,000 $125,000 $2,322 4.25%

    First Bankers Trust Company lent most frequently to those with DTI ratios of 20-30%, with 141 originations. The next most common DTI ratio? <20%, with 103 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 425 $61,745,000 $145,282 $1,694 2.77%
    Not applicable 41 $13,345,000 $325,488 $0 3.75%
    Not provided 12 $1,670,000 $139,167 $1,726 2.75%
    Black 8 $1,140,000 $142,500 $1,547 3.02%
    Asian 5 $1,045,000 $209,000 $1,626 3.30%

    Approval Rates

    Total approvals of all applications
    93.54%

    First Bankers Trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    91.04%

    First Bankers Trust Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 491 $78,945,000 $160,784

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    491 $78,945,000 $160,784

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 27 $2,655,000 $98,333 $1,529 2.57%
    40-60% 66 $9,040,000 $136,970 $1,710 2.61%
    60-80% 220 $41,450,000 $188,409 $1,695 2.82%
    80-100% 163 $23,905,000 $146,656 $1,730 2.99%
    Over 100% 6 $470,000 $78,333 $1,501 3.86%
    Under 20% 9 $1,425,000 $158,333 $1,286 3.72%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    FIRST UNITED BANK AND TRUST COMPANY Conventional home mortgage Closing on a mortgage 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 $46,433
    First Bankers Trust Company, National Association 116 South Congress Street Rushville, IL 62681 Full Service B&M $26,126
    First Bankers Trust Company, National Association 12th And Broadway Quincy, IL 62301 Full Service B&M $487,547
    First Bankers Trust Company, National Association 1395 Buchanan Street Carthage, IL 62321 Full Service B&M $45,834
    First Bankers Trust Company, National Association 1630 East Jackson Macomb, IL 61455 Full Service B&M $4,456
    First Bankers Trust Company, National Association 2201 Wabash Ave Springfield, IL 62704 Full Service B&M $21,847
    First Bankers Trust Company, National Association 2321 Kochs Lane Quincy, IL 62301 Full Service B&M $51,572
    First Bankers Trust Company, National Association 3333 Broadway Quincy, IL 62301 Full Service B&M $94,222
    First Bankers Trust Company, National Association 440 North Lafayette Street Macomb, IL 61455 Full Service B&M $97,846
    First Bankers Trust Company, National Association 502 South 24th Street Quincy, IL 62301 Full Service B&M $53,839

    For 2021, First Bankers Trust Company had 10 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $26,876
    Net interest income $24,434
    Total noninterest income $7,313
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $919
    Trading account gains and fees $0
    Additional Noninterest Income $6,394
    Pre-tax net operating income $10,207
    Securities gains (or losses, -) $857
    Income before extraordinary items $8,749
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $8,749
    Minority interest net income $0
    Net income $8,749
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $8,071

    First Bankers Trust Company's gross interest income from loans was $26,876,000.
    First Bankers Trust Company's net interest income from loans was $24,434,000.
    First Bankers Trust Company's fee based income from loans was $919,000.
    First Bankers Trust Company's net income from loans was $8,749,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,442
    Provision for credit losses $-580
    Total noninterest expense $22,120
    Salaries and employee benefits $13,947
    Premises and equipment expense $1,752
    Additional noninterest expense $6,421
    Applicable income taxes $2,315
    Net charge-offs $128
    Cash dividends $3,200

    First Bankers Trust Company's interest expense for loans was $2,442,000.
    First Bankers Trust Company's payroll and benefits expense were $13,947,000.
    First Bankers Trust Company's property, plant and equipment expenses $1,752,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 2.0%
    Construction & Land Development loans 4.0%
    Nonfarm, nonresidential loans 3.0%
    Multifamily residential loans 0.0%
    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 $989,966
    Deposits held in domestic offices $989,966
    Deposits by Individuals, partnerships, and corporations $766,109
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $223,369
    Deposits by Commercial banks and other depository institutions in U.S. $488
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $227,894
    Demand deposits $139,612
    Nontransaction accounts $762,072
    Money market deposit accounts (MMDAs) $83,471
    Other savings deposits (excluding MMDAs) $547,730
    Total time deposits $130,871
    Total time and savings deposits $850,354
    Noninterest-bearing deposits $246,428
    Interest-bearing deposits $743,538
    Retail deposits $953,311
    IRAs and Keogh plan accounts $14,598
    Brokered deposits $12,178
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,225,398
    Cash & Balances due from depository institutions $45,966
    Interest-bearing balances $38,918
    Total securities $667,157
    Federal funds sold & reverse repurchase $1,763
    Net loans and leases $466,949
    Loan and leases loss allowance $11,449
    Trading account assets $0
    Bank premises and fixed assets $12,002
    Other real estate owned $400
    Goodwill and other intangibles $2,727
    All other assets $28,434

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,225,398
    Total Liabilities $1,121,137
    Total deposits $989,966
    Interest-bearing deposits $743,538
    Deposits held in domestic offices $989,966
    % insured (estimated) $57
    Federal funds purchased and repurchase agreements $119,950
    Trading liabilities $0
    Other borrowed funds $6,323
    Subordinated debt $0
    All other liabilities $4,898

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $466,949
    Loan and leases loss allowance $11,449
    Total loans and leases (domestic) $478,398
    All real estate loans $339,238
    Real estate loans in domestic offices $339,238
    Construction and development loans $9,003
    Residential 1-4 family construction $4,254
    Other construction, all land development and other land $4,749
    Loans secured by nonfarm nonresidential properties $178,352
    Nonfarm nonresidential secured by owner-occupied properties $49,552
    Commercial real estate & other non-farm, non-residential $128,800
    Multifamily residential real estate $13,514
    1-4 family residential loans $79,898
    Farmland loans $58,471
    Loans held in foreign offices $0
    Farm loans $28,880
    Commercial and industrial loans $58,770
    To non-U.S. addressees $0
    Loans to individuals $38,864
    Credit card loans $0
    Related Plans $109
    Consumer Auto Loans $36,558
    Other loans to individuals $2,197
    All other loans & leases $12,784
    Loans to foreign governments and official institutions $0
    Other loans $3,699
    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 $1,087
    Non 1-4 family restructured loans & leases $1,087
    Total loans and leases (foreign) $0

    First Bankers Trust Company had $466,949,000 of loans outstanding in 2021. $339,238,000 of loans were in real estate loans. $9,003,000 of loans were in development loans. $13,514,000 of loans were in multifamily mortgage loans. $79,898,000 of loans were in 1-4 family mortgage loans. $28,880,000 of loans were in farm loans. $0 of loans were in credit card loans. $36,558,000 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 240 $57,825 $240,938
    Nonfarm, nonresidential loans - <$100k 72 $2,854 $39,639
    Nonfarm, nonresidential loans - $100-250k 60 $7,823 $130,383
    Nonfarm, nonresidential loans - $250k-1MM 108 $47,148 $436,556
    Commercial & Industrial, US addressed loans - <$1MM 302 $22,013 $72,891
    Commercial & Industrial, US addressed loans - <$100k 203 $4,459 $21,966
    Commercial & Industrial, US addressed loans - $100-250k 51 $4,731 $92,765
    Commercial & Industrial, US addressed loans - $250k-1MM 48 $12,823 $267,146
    Farmland loans - <$1MM 199 $22,943 $115,291
    Farmland loans - <$100k 62 $2,402 $38,742
    Farmland loans - $100-250k 87 $9,239 $106,195
    Farmland loans - $250k-1MM 50 $11,302 $226,040
    Agriculture operations loans - <$1MM 291 $16,410 $56,392
    Agriculture operations loans - <$100k 214 $5,453 $25,481
    Agriculture operations loans - $100-250k 52 $6,025 $115,865
    Agriculture operations loans - $250k-1MM 25 $4,932 $197,280