First Security Bank & Trust Company Mortgage Rates, Fees & Info
Oklahoma City, OKLEI: 254900KOW652UXXY2V12
Tax ID: 73-0589840
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage 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 (well, only) market is Oklahoma City.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
152Origination Dollar Volume (All Markets)
$19,340,000Top Markets
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| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 152 | $19,340,000 | $127,237 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 152 | $19,340,000 | $127,237 | $0 | 0.00% |
For 2022, First Security Bank & Trust Company's most frequently originated type of loan was Conventional, with 152 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 148 | $19,140,000 | $129,324 | $0 | 0.00% |
| Refi | 4 | $200,000 | $50,000 | $0 | 0.00% |
For 2022, First Security Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 148 originations. The 2nd most popular reason was Refi, with 4 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 152 | $19,340,000 | $127,237 | $0 | 0.00% |
For 2022, First Security Bank & Trust Company's most frequently cited loan duration was Other, with 152 originations.
Loan Sizing
2022 saw First Security Bank & Trust Company place emphasis on $100,000 or less loans with 81 originations, totaling $5,285,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $250k+ | 1 | $125,000 | $125,000 | $0 | 0.00% |
First Security Bank & Trust Company lent most frequently to those with incomes in the $250k+ range, with 1 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 152 | $19,340,000 | $127,237 | $0 | 0.00% |
First Security Bank & Trust Company lent most frequently to those with DTI ratios of Exempt%, with 152 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 151 | $19,215,000 | $127,252 | $0 | 0.00% |
| White | 1 | $125,000 | $125,000 | $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 origination82.89%
First Security Bank & Trust Company has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 152 | $19,340,000 | $127,237 |
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% |