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)

    • 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, St. Louis, Springfield, Athens, and Chicago among others. We have data for 25 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 relatively high 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

    302

    Origination Dollar Volume (All Markets)

    $70,660,000

    Awards

    First Bankers Trust Company 30 Year Conventional Loans gold First Bankers Trust Company 30 Year Conventional Loans silver First Bankers Trust Company 30 Year Conventional Loans gold First Bankers Trust Company USDA Loans gold
    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) 149 $22,125,000 $148,490 $1,595 4.99%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 24 $12,610,000 $525,417 $1,506 4.47%
    Outside of Metro Areas 27 $6,655,000 $246,481 $2,245 5.19%
    SPRINGFIELD, IL (FHA|USDA|VA) 32 $5,030,000 $157,188 $2,581 5.59%
    Athens, TX (FHA|USDA|VA) 1 $5,005,000 $5,005,000 $0 4.75%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 3 $3,275,000 $1,091,667 $0 5.19%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $2,750,000 $1,375,000 $5,181 5.63%
    Macomb, IL (FHA|USDA|VA) 17 $1,775,000 $104,412 $2,321 4.89%
    Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) 16 $1,570,000 $98,125 $1,957 5.38%
    DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 4 $1,490,000 $372,500 $941 5.32%
    PEORIA, IL (FHA|USDA|VA) 3 $1,365,000 $455,000 $4,875 6.19%
    Marshall, MO (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $0 7.50%
    Burlington, IA-IL (FHA|USDA|VA) 1 $885,000 $885,000 $0 5.95%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $885,000 $885,000 $0 4.50%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $755,000 $755,000 $0 7.50%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $545,000 $545,000 $0 3.99%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 2 $530,000 $265,000 $0 7.02%
    Kalispell, MT (FHA|USDA|VA) 1 $465,000 $465,000 $0 6.50%
    Lexington, NE (FHA|USDA|VA) 1 $395,000 $395,000 $0 6.13%
    Galesburg, IL (FHA|USDA|VA) 1 $335,000 $335,000 $1,951 4.88%
    Hannibal, MO (FHA|USDA|VA) 3 $335,000 $111,667 $1,646 5.39%
    Kirksville, MO (FHA|USDA|VA) 6 $300,000 $50,000 $0 4.50%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 3 $275,000 $91,667 $0 6.50%
    JEFFERSON CITY, MO (FHA|USDA|VA) 1 $215,000 $215,000 $2,485 4.88%
    Jacksonville, IL (FHA|USDA|VA) 1 $85,000 $85,000 $2,332 4.88%
    First Bankers Trust Company's top markets include Quincy, St. Louis, Springfield, Athens, and Chicago among others.

    Their top states include:
  • Illinois (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Iowa (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: 100
    Morton Community Bank
    Similarity Rank: 114
    HomeBank
    Similarity Rank: 126
    GERSHMAN INVESTMENT CORP.
    Similarity Rank: 250
    United Community Bank
    Similarity Rank: 350
    Bank of Springfield
    Similarity Rank: 370
    Flanagan State Bank
    Similarity Rank: 456
    CROSSCOUNTRY MORTGAGE, LLC
    Similarity Rank: 3344
    Mortgage Research Center, LLC
    Similarity Rank: 3704

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 288 $68,860,000 $239,097 $1,725 5.10%
    USDA 11 $1,305,000 $118,636 $3,630 5.59%
    HELOC 3 $495,000 $165,000 n/a 5.25%

    For 2022, First Bankers Trust Company's most frequently originated type of loan was Conventional, with 288 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 192 $45,000,000 $234,375 $1,944 5.32%
    Cash Out Refi 60 $17,120,000 $285,333 $1,662 4.83%
    Refi 49 $8,525,000 $173,980 $1,665 4.67%
    Home Improvement 1 $15,000 $15,000 $0 4.25%

    For 2022, First Bankers Trust Company's most frequently cited loan purpose was Home Purchase, with 192 originations. The 2nd most popular reason was Cash Out Refi, with 60 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 132 $21,940,000 $166,212 $1,957 5.37%
    5 Year 96 $37,460,000 $390,208 $1,947 4.99%
    15 Year 37 $4,665,000 $126,081 $1,615 3.95%
    Other 14 $1,990,000 $142,143 $1,142 6.29%
    10 Year 9 $885,000 $98,333 $1,312 4.76%
    20 Year 8 $790,000 $98,750 $1,552 4.47%
    1 Year 6 $2,930,000 $488,333 $0 7.33%

    For 2022, First Bankers Trust Company's most frequently cited loan duration was 30 Year, with 132 originations. The 2nd most popular length was 5 Year, with 96 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 174 $25,710,000 $147,759
    $1k-2k 12 $1,400,000 $116,667
    $2k-3k 2 $570,000 $285,000
    $3k-4k 1 $305,000 $305,000
    $4k-5k 1 $245,000 $245,000
    $5k+ 1 $325,000 $325,000

    First Bankers Trust Company's average total fees were $1,957, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 174 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 92 $15,040,000 $163,478
    4-5% 80 $22,180,000 $277,250
    3-4% 55 $19,475,000 $354,091
    6-7% 39 $6,385,000 $163,718
    7-8% 19 $4,535,000 $238,684
    2.5-3% 9 $1,685,000 $187,222
    <2.5% 6 $970,000 $161,667
    Over 8% 2 $390,000 $195,000

    During 2022, First Bankers Trust Company's average interest rate for loans was 5.37%, while their most frequently originated rate bucket for loans was 5-6%, with 92 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 135 $8,105,000 $60,037 $1,678 5.13%
    $100k-200k 91 $12,575,000 $138,187 $1,695 4.95%
    $200k-400k 45 $12,275,000 $272,778 $2,450 5.34%
    $400k-600k 15 $7,495,000 $499,667 $2,416 5.49%
    $600k-1MM 9 $6,825,000 $758,333 $1,558 5.08%
    $1MM+ 7 $23,385,000 $3,340,714 $0 4.73%

    2022 saw First Bankers Trust Company place emphasis on $100,000 or less loans with 135 originations, totaling $8,105,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 53 $5,555,000 $104,811 $1,838 5.12%
    $50k or less 52 $3,920,000 $75,385 $1,720 5.21%
    $100k-150k 42 $6,930,000 $165,000 $1,868 5.07%
    $75k-100k 32 $4,790,000 $149,688 $1,787 5.07%
    $150k-250k 18 $5,080,000 $282,222 $2,663 4.50%
    $250k+ 15 $4,845,000 $323,000 $1,543 5.16%

    First Bankers Trust Company lent most frequently to those with incomes in the $50k-75k range, with 53 originations. The second most popular income band? $50k or less, with 52 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 52 $6,170,000 $118,654 $1,788 4.81%
    30-36% 41 $6,435,000 $156,951 $1,807 5.13%
    <20% 36 $5,200,000 $144,444 $1,539 4.84%
    39% 10 $1,030,000 $103,000 $1,895 4.78%
    37% 10 $1,420,000 $142,000 $1,719 5.46%
    40% 8 $1,930,000 $241,250 $2,569 5.64%
    42% 5 $805,000 $161,000 $3,275 5.35%
    36% 5 $1,125,000 $225,000 $2,040 4.50%
    38% 5 $485,000 $97,000 $1,422 5.85%
    43% 5 $705,000 $141,000 $1,730 5.20%
    41% 4 $1,080,000 $270,000 $2,615 4.41%
    47% 4 $580,000 $145,000 $1,656 5.53%
    45% 3 $315,000 $105,000 $1,374 5.83%
    46% 3 $835,000 $278,333 $1,516 4.88%
    50-60% 3 $685,000 $228,333 $1,422 5.91%
    49% 2 $470,000 $235,000 $3,459 6.13%
    44% 2 $250,000 $125,000 $1,476 5.31%
    48% 1 $65,000 $65,000 $1,803 6.50%

    First Bankers Trust Company lent most frequently to those with DTI ratios of 20-30%, with 52 originations. The next most common DTI ratio? 30-36%, with 41 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 76 $38,110,000 $501,447 $0 5.28%
    White 205 $30,435,000 $148,463 $1,847 5.05%
    Not provided 12 $1,480,000 $123,333 $1,602 5.17%
    Black 4 $320,000 $80,000 $1,945 4.88%
    Asian 3 $235,000 $78,333 $1,391 5.08%
    American Indian 2 $80,000 $40,000 $1,520 5.38%

    Approval Rates

    Total approvals of all applications
    91.01%

    First Bankers Trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    90.40%

    First Bankers Trust Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 302 $70,660,000 $233,974

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    302 $70,660,000 $233,974

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 18 $1,310,000 $72,778 $1,281 5.65%
    40-60% 32 $8,930,000 $279,063 $1,769 4.74%
    60-80% 112 $23,840,000 $212,857 $1,744 4.88%
    80-100% 130 $35,780,000 $275,231 $2,066 5.29%
    Over 100% 3 $345,000 $115,000 $0 6.79%
    Under 20% 7 $455,000 $65,000 $1,191 5.34%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    FIRST CITIZENS BANCSHARES, INC. Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 100.0%