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
221Origination Dollar Volume (All Markets)
$17,955,000Employee count
20Top 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) | 220 | $17,910,000 | $81,409 | $0 | 0.00% |
| Shawnee, OK (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 221 | $17,955,000 | $81,244 | $0 | 0.00% |
For 2021, First Security Bank & Trust Company's most frequently originated type of loan was Conventional, with 221 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 220 | $17,870,000 | $81,227 | $0 | 0.00% |
| Cash Out Refi | 1 | $85,000 | $85,000 | $0 | 0.00% |
For 2021, First Security Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 220 originations. The 2nd most popular reason was Cash Out Refi, with 1 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 221 | $17,955,000 | $81,244 | $0 | 0.00% |
For 2021, First Security Bank & Trust Company's most frequently cited loan duration was Other, with 221 originations.
Loan Sizing
2021 saw First Security Bank & Trust Company place emphasis on $100,000 or less loans with 170 originations, totaling $10,610,000 in origination value.
Applicant Income
First Security Bank & Trust Company lent most frequently to those with incomes in the $50k-75k range, with 3 originations. The second most popular income band? $250k+, with 2 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 221 | $17,955,000 | $81,244 | $0 | 0.00% |
First Security Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 221 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 214 | $17,390,000 | $81,262 | $0 | 0.00% |
| White | 4 | $380,000 | $95,000 | $0 | 0.00% |
| Black | 3 | $185,000 | $61,667 | $0 | 0.00% |
Approval Rates
Total approvals of all applications100.00%
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 origination80.54%
First Security Bank & Trust Company has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 221 | $17,955,000 | $81,244 |
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 Security Bank and Trust Company | 1541 North East 23rd Street Oklahoma City, OK 73111 | Full Service B&M | $56,049 |
For 2021, First Security Bank & Trust Company had 1 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $6,125 |
| Net interest income | $5,968 |
| Total noninterest income | $346 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $189 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $157 |
| Pre-tax net operating income | $3,283 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $3,283 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $3,283 |
| Minority interest net income | $0 |
| Net income | $3,283 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $3,283 |
First Security Bank & Trust Company's gross interest income from loans was $6,125,000.
First Security Bank & Trust Company's net interest income from loans was $5,968,000.
First Security Bank & Trust Company's fee based income from loans was $189,000.
First Security Bank & Trust Company's net income from loans was $3,283,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $157 |
| Provision for credit losses | $111 |
| Total noninterest expense | $2,920 |
| Salaries and employee benefits | $1,560 |
| Premises and equipment expense | $214 |
| Additional noninterest expense | $1,146 |
| Applicable income taxes | $0 |
| Net charge-offs | $-85 |
| Cash dividends | $1,734 |
First Security Bank & Trust Company's interest expense for loans was $157,000.
First Security Bank & Trust Company's payroll and benefits expense were $1,560,000.
First Security Bank & Trust Company's property, plant and equipment expenses $214,000.
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 | 1.0% |
| All other family | 0.0% |
| 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 | $54,800 |
| Deposits held in domestic offices | $54,800 |
| Deposits by Individuals, partnerships, and corporations | $49,458 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $3,543 |
| Deposits by Commercial banks and other depository institutions in U.S. | $1,799 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $26,043 |
| Demand deposits | $19,143 |
| Nontransaction accounts | $28,757 |
| Money market deposit accounts (MMDAs) | $2,691 |
| Other savings deposits (excluding MMDAs) | $8,549 |
| Total time deposits | $17,519 |
| Total time and savings deposits | $35,657 |
| Noninterest-bearing deposits | $21,230 |
| Interest-bearing deposits | $33,570 |
| Retail deposits | $48,613 |
| IRAs and Keogh plan accounts | $732 |
| Brokered deposits | $1,000 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $61,252 |
| Cash & Balances due from depository institutions | $831 |
| Interest-bearing balances | $22 |
| Total securities | $970 |
| Federal funds sold & reverse repurchase | $9,550 |
| Net loans and leases | $47,612 |
| Loan and leases loss allowance | $658 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $415 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $1,874 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $61,252 |
| Total Liabilities | $54,823 |
| Total deposits | $54,800 |
| Interest-bearing deposits | $33,570 |
| Deposits held in domestic offices | $54,800 |
| % insured (estimated) | $87 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $23 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $47,612 |
| Loan and leases loss allowance | $658 |
| Total loans and leases (domestic) | $48,270 |
| All real estate loans | $38,224 |
| Real estate loans in domestic offices | $38,224 |
| Construction and development loans | $2,287 |
| Residential 1-4 family construction | $0 |
| Other construction, all land development and other land | $2,287 |
| Loans secured by nonfarm nonresidential properties | $11,520 |
| Nonfarm nonresidential secured by owner-occupied properties | $6,002 |
| Commercial real estate & other non-farm, non-residential | $5,518 |
| Multifamily residential real estate | $1,287 |
| 1-4 family residential loans | $23,130 |
| Farmland loans | $0 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $8,935 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $1,111 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $637 |
| Other loans to individuals | $474 |
| All other loans & leases | $0 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $0 |
| 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 | $1,134 |
| Non 1-4 family restructured loans & leases | $0 |
| Total loans and leases (foreign) | $0 |
First Security Bank & Trust Company had $47,612,000 of loans outstanding in 2021. $38,224,000 of loans were in real estate loans. $2,287,000 of loans were in development loans. $1,287,000 of loans were in multifamily mortgage loans. $23,130,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $637,000 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 | 31 | $8,389 | $270,613 |
| Nonfarm, nonresidential loans - <$100k | 11 | $391 | $35,545 |
| Nonfarm, nonresidential loans - $100-250k | 10 | $1,780 | $178,000 |
| Nonfarm, nonresidential loans - $250k-1MM | 10 | $6,218 | $621,800 |
| Commercial & Industrial, US addressed loans - <$1MM | 116 | $7,622 | $65,707 |
| Commercial & Industrial, US addressed loans - <$100k | 89 | $1,900 | $21,348 |
| Commercial & Industrial, US addressed loans - $100-250k | 16 | $1,858 | $116,125 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 11 | $3,864 | $351,273 |