First Security Bank & Trust Company Mortgage Rates, Fees & Info
Oklahoma City, OKLEI: 254900KOW652UXXY2V12
Tax ID: 73-0589840
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Mortgage Data
Bank Data
Review & Overview
First Security Bank & Trust Company is a smaller bank specializing in Home Purchase loans. First Security Bank & Trust Company has a high proportion of conventional loans. Their top two markets are Oklahoma City and Shawnee .First Security Bank & 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.
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Originations
149Origination Dollar Volume (All Markets)
$13,275,000Employee count
23Top 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 |
|---|---|---|---|---|---|
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 147 | $13,185,000 | $89,694 | $0 | 0.00% |
| Shawnee, OK (FHA|USDA|VA) | 2 | $90,000 | $45,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 149 | $13,275,000 | $89,094 | $0 | 0.00% |
For 2018, First Security Bank & Trust Company's most frequently originated type of loan was Conventional, with 149 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 134 | $12,400,000 | $92,537 | $0 | 0.00% |
| Refi | 13 | $755,000 | $58,077 | $0 | 0.00% |
| Home Improvement | 2 | $120,000 | $60,000 | $0 | 0.00% |
For 2018, First Security Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 134 originations. The 2nd most popular reason was Refi, with 13 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 149 | $13,275,000 | $89,094 | $0 | 0.00% |
For 2018, First Security Bank & Trust Company's most frequently cited loan duration was Other, with 149 originations.
Loan Sizing
2018 saw First Security Bank & Trust Company place emphasis on $100,000 or less loans with 107 originations, totaling $6,125,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $75k-100k | 2 | $200,000 | $100,000 | $0 | 0.00% |
First Security Bank & Trust Company lent most frequently to those with incomes in the $75k-100k range, with 2 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 147 | $13,075,000 | $88,946 | $0 | 0.00% |
| White | 2 | $200,000 | $100,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications99.40%
First Security Bank & 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 origination87.92%
First Security Bank & Trust Company has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 149 | $13,275,000 | $89,094 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 3 | $1,615,000 | $538,333 |
| Single Family (1-4 Units):Site-Built | 146 | $11,660,000 | $79,863 |
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST HORIZON BANK | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 7.1% |
| FIRST HORIZON BANK | Conventional home mortgage | Trouble during payment process | 5 | 35.7% |
| FIRST HORIZON BANK | FHA mortgage | Trouble during payment process | 1 | 7.1% |
| FIRST HORIZON BANK | Home equity loan or line of credit (HELOC) | Incorrect information on your report | 1 | 7.1% |
| FIRST HORIZON BANK | Home equity loan or line of credit (HELOC) | Problem with a credit reporting company's investigation into an existing problem | 1 | 7.1% |
| FIRST HORIZON BANK | Other type of mortgage | Trouble during payment process | 1 | 7.1% |
| FIRST HORIZON BANK | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 7.1% |
| FIRST HORIZON BANK | Conventional home mortgage | Struggling to pay mortgage | 3 | 21.4% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| First Security Bank and Trust Company | 1541 North East 23rd Street Oklahoma City, OK 73111 | Full Service B&M | $45,115 |
For 2018, First Security Bank & Trust Company had 1 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $2,635 |
| Net interest income | $2,323 |
| Total noninterest income | $664 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $291 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $373 |
| Pre-tax net operating income | $464 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $464 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $464 |
| Minority interest net income | $0 |
| Net income | $464 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $464 |
First Security Bank & Trust Company's gross interest income from loans was $2,635,000.
First Security Bank & Trust Company's net interest income from loans was $2,323,000.
First Security Bank & Trust Company's fee based income from loans was $291,000.
First Security Bank & Trust Company's net income from loans was $464,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $312 |
| Provision for credit losses | $25 |
| Total noninterest expense | $2,498 |
| Salaries and employee benefits | $1,530 |
| Premises and equipment expense | $264 |
| Additional noninterest expense | $704 |
| Applicable income taxes | $0 |
| Net charge-offs | $8 |
| Cash dividends | $152 |
First Security Bank & Trust Company's interest expense for loans was $312,000.
First Security Bank & Trust Company's payroll and benefits expense were $1,530,000.
First Security Bank & Trust Company's property, plant and equipment expenses $264,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 0.0% |
| Real Estate loans | 0.0% |
| Construction & Land Development loans | 0.0% |
| Nonfarm, nonresidential loans | 0.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 0.0% |
| HELOC loans | 0.0% |
| All other family | 0.0% |
| Commercial & industrial loans | 4.0% |
| Personal loans | 3.0% |
| Credit card loans | 0.0% |
| Other individual loans | 3.0% |
| Auto loans | 6.0% |
| Other consumer loans | 0.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $42,372 |
| Deposits held in domestic offices | $42,372 |
| Deposits by Individuals, partnerships, and corporations | $35,687 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $6,685 |
| Deposits by Commercial banks and other depository institutions in U.S. | $0 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $16,887 |
| Demand deposits | $13,901 |
| Nontransaction accounts | $25,485 |
| Money market deposit accounts (MMDAs) | $1,289 |
| Other savings deposits (excluding MMDAs) | $7,197 |
| Total time deposits | $16,999 |
| Total time and savings deposits | $28,471 |
| Noninterest-bearing deposits | $13,901 |
| Interest-bearing deposits | $28,471 |
| Retail deposits | $33,150 |
| IRAs and Keogh plan accounts | $801 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $48,775 |
| Cash & Balances due from depository institutions | $1,089 |
| Interest-bearing balances | $23 |
| Total securities | $1,684 |
| Federal funds sold & reverse repurchase | $150 |
| Net loans and leases | $43,106 |
| Loan and leases loss allowance | $444 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $498 |
| Other real estate owned | $577 |
| Goodwill and other intangibles | $0 |
| All other assets | $1,671 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $48,775 |
| Total Liabilities | $43,931 |
| Total deposits | $42,372 |
| Interest-bearing deposits | $28,471 |
| Deposits held in domestic offices | $42,372 |
| % insured (estimated) | $77 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $1,500 |
| Subordinated debt | $0 |
| All other liabilities | $59 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $43,106 |
| Loan and leases loss allowance | $444 |
| Total loans and leases (domestic) | $43,550 |
| All real estate loans | $32,681 |
| Real estate loans in domestic offices | $32,681 |
| Construction and development loans | $3,086 |
| Residential 1-4 family construction | $180 |
| Other construction, all land development and other land | $2,906 |
| Loans secured by nonfarm nonresidential properties | $6,409 |
| Nonfarm nonresidential secured by owner-occupied properties | $5,163 |
| Commercial real estate & other non-farm, non-residential | $1,246 |
| Multifamily residential real estate | $1,582 |
| 1-4 family residential loans | $20,732 |
| Farmland loans | $872 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $9,619 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $1,019 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $541 |
| Other loans to individuals | $478 |
| All other loans & leases | $231 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $231 |
| 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 Security Bank & Trust Company had $43,106,000 of loans outstanding in 2018. $32,681,000 of loans were in real estate loans. $3,086,000 of loans were in development loans. $1,582,000 of loans were in multifamily mortgage loans. $20,732,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $541,000 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 | 29 | $5,129 | $176,862 |
| Nonfarm, nonresidential loans - <$100k | 12 | $617 | $51,417 |
| Nonfarm, nonresidential loans - $100-250k | 9 | $1,106 | $122,889 |
| Nonfarm, nonresidential loans - $250k-1MM | 8 | $3,406 | $425,750 |
| Commercial & Industrial, US addressed loans - <$1MM | 67 | $7,868 | $117,433 |
| Commercial & Industrial, US addressed loans - <$100k | 38 | $1,193 | $31,395 |
| Commercial & Industrial, US addressed loans - $100-250k | 10 | $1,018 | $101,800 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 19 | $5,657 | $297,737 |
| Farmland loans - <$1MM | 7 | $872 | $124,571 |
| Farmland loans - <$100k | 4 | $100 | $25,000 |
| Farmland loans - $100-250k | 1 | $103 | $103,000 |
| Farmland loans - $250k-1MM | 2 | $669 | $334,500 |