Midfirst Bank Mortgage Rates, Fees & Info

Oklahoma City, OK

LEI: 337KMNHEWWWR6B7Q7W10

Tax ID: 73-0383055

3.6 stars - out of 5 stars, based on 59 reviews

Latest/2021 | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • SimulatedRates™
  • Bank Data

    Review & Overview

    Midfirst Bank is a small bank specializing in Home Purchase and Refi loans. Midfirst Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Phoenix, Los Angeles, Oklahoma City, Denver, and Tulsa among others. We have data for 138 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Midfirst Bank 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. Midfirst Bank is typically an average 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) 7.17% 3/19/23
    30 Year Conventional Purchase 6.53% 3/19/23
    30 Year Conventional Refi 6.50% 3/19/23
    30 Year Cash-out Refi 6.56% 3/19/23
    30 Year FHA Purchase 7.19% 3/19/23
    30 Year FHA Refi 6.52% 3/19/23
    30 Year VA Purchase 5.93% 3/19/23
    30 Year VA Refi 5.83% 3/19/23
    30 Year USDA Purchase 6.27% 3/19/23
    30 Year USDA Refi 6.27% 3/19/23
    15 Year Conventional Purchase 6.36% 3/19/23
    15 Year Conventional Refi 6.03% 3/19/23
    15 Year Cash-out Refi 6.03% 3/19/23
    15 Year FHA Purchase 5.68% 3/19/23
    15 Year FHA Refi 5.68% 3/19/23
    15 Year VA Refi 5.68% 3/19/23
    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.


    Originations

    3,478

    Origination Dollar Volume (All Markets)

    $1,977,890,000

    Employee count

    3,083 Show all (9) awards

    Relative Rate

    Midfirst Bank's average 30 year fixed mortgage rate was 3.05%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.1%.

    Relative Fees (Closing Costs)

    Midfirst Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $6,455.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    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
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1,323 $616,165,000 $465,733 $4,593 2.58%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 202 $334,880,000 $1,657,822 $9,452 3.37%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 803 $217,185,000 $270,467 $3,275 2.91%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 260 $180,200,000 $693,077 $9,566 3.39%
    TULSA, OK (FHA|USDA|VA) 150 $66,300,000 $442,000 $4,048 3.01%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 38 $58,950,000 $1,551,316 $18,665 3.33%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 105 $58,435,000 $556,524 $5,900 3.13%
    Edwards, CO (FHA|USDA|VA) 40 $47,660,000 $1,191,500 $12,020 2.89%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 15 $40,845,000 $2,723,000 $8,680 3.54%
    Outside of Metro Areas 57 $34,235,000 $600,614 $4,117 3.17%
    Glenwood Springs, CO (FHA|USDA|VA) 18 $33,980,000 $1,887,778 $7,869 3.00%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 23 $28,625,000 $1,244,565 $9,239 3.25%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 10 $17,900,000 $1,790,000 $52,547 4.10%
    FLAGSTAFF, AZ (FHA|USDA|VA) 27 $16,065,000 $595,000 $3,962 2.74%
    BOULDER, CO (FHA|USDA|VA) 20 $15,890,000 $794,500 $11,142 3.23%
    Gardnerville Ranchos, NV (FHA|USDA|VA) 7 $15,505,000 $2,215,000 $17,255 3.30%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 11 $12,855,000 $1,168,636 $9,726 3.11%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 8 $10,710,000 $1,338,750 $6,696 2.91%
    SANTA FE, NM (FHA|USDA|VA) 9 $9,865,000 $1,096,111 $21,453 3.18%
    TUCSON, AZ (FHA|USDA|VA) 21 $8,305,000 $395,476 $4,433 2.83%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 6 $7,750,000 $1,291,667 $5,285 3.24%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 14 $6,980,000 $498,571 $6,053 3.07%
    Heber, UT (FHA|USDA|VA) 4 $6,720,000 $1,680,000 $3,427 3.63%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 4 $6,320,000 $1,580,000 $6,383 3.26%
    McAlester, OK (FHA|USDA|VA) 13 $5,545,000 $426,538 $3,654 3.15%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 6 $4,880,000 $813,333 $4,493 2.88%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 6 $4,810,000 $801,667 $14,187 3.38%
    Hailey, ID (FHA|USDA|VA) 2 $4,630,000 $2,315,000 $14,449 3.13%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 12 $4,270,000 $355,833 $7,252 3.28%
    Steamboat Springs, CO (FHA|USDA|VA) 3 $3,885,000 $1,295,000 $8,592 2.93%
    Kalispell, MT (FHA|USDA|VA) 2 $3,790,000 $1,895,000 $3,553 3.14%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 2 $3,770,000 $1,885,000 $0 3.15%
    Payson, AZ (FHA|USDA|VA) 5 $3,685,000 $737,000 $4,251 2.84%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 4 $3,600,000 $900,000 $3,198 3.16%
    URBAN HONOLULU, HI (FHA|USDA|VA) 3 $3,185,000 $1,061,667 $11,064 3.15%
    Weatherford, OK (FHA|USDA|VA) 22 $3,140,000 $142,727 $3,575 2.46%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $2,945,000 $2,945,000 $12,336 3.00%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 3 $2,795,000 $931,667 $7,067 3.52%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 5 $2,685,000 $537,000 $0 5.13%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 5 $2,675,000 $535,000 $4,650 3.88%
    Woodward, OK (FHA|USDA|VA) 27 $2,655,000 $98,333 $3,446 2.84%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 2 $2,630,000 $1,315,000 $3,733 3.43%
    Bozeman, MT (FHA|USDA|VA) 2 $2,580,000 $1,290,000 $25,402 3.18%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $2,465,000 $2,465,000 $8,964 2.85%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 5 $2,435,000 $487,000 $7,778 3.15%
    Breckenridge, CO (FHA|USDA|VA) 3 $2,365,000 $788,333 $3,573 3.15%
    Sandpoint, ID (FHA|USDA|VA) 1 $2,255,000 $2,255,000 $0 3.00%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 2 $2,220,000 $1,110,000 $2,944 4.00%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 7 $2,045,000 $292,143 $11,095 4.00%
    Mount Pleasant, TX (FHA|USDA|VA) 1 $1,925,000 $1,925,000 $0 2.88%
    SALINAS, CA (FHA|USDA|VA) 2 $1,680,000 $840,000 $0 3.06%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $1,505,000 $1,505,000 $6,479 2.50%
    PROVO-OREM, UT (FHA|USDA|VA) 1 $1,435,000 $1,435,000 $999 3.20%
    Shawnee, OK (FHA|USDA|VA) 16 $1,430,000 $89,375 $1,962 2.78%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 4 $1,420,000 $355,000 $0 3.41%
    Durango, CO (FHA|USDA|VA) 1 $1,395,000 $1,395,000 $2,860 2.75%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 3 $1,365,000 $455,000 $7,645 3.53%
    NAPA, CA (FHA|USDA|VA) 1 $1,345,000 $1,345,000 $3,411 3.50%
    ENID, OK (FHA|USDA|VA) 4 $1,310,000 $327,500 $3,660 3.17%
    Bartlesville, OK (FHA|USDA|VA) 3 $1,285,000 $428,333 $3,725 3.46%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $1,175,000 $1,175,000 $0 3.30%
    SYRACUSE, NY (FHA|USDA|VA) 1 $1,155,000 $1,155,000 $0 3.95%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 2 $1,140,000 $570,000 $0 5.18%
    GREELEY, CO (FHA|USDA|VA) 2 $1,030,000 $515,000 $4,437 3.00%
    KINGSTON, NY (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $8,854 3.25%
    Cañon City, CO (FHA|USDA|VA) 2 $1,000,000 $500,000 $0 3.38%
    Show Low, AZ (FHA|USDA|VA) 6 $980,000 $163,333 $4,267 2.25%
    Ardmore, OK (FHA|USDA|VA) 3 $875,000 $291,667 $4,102 3.51%
    Kapaa, HI (FHA|USDA|VA) 1 $835,000 $835,000 $14,695 3.85%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $785,000 $785,000 $0 3.10%
    Stillwater, OK (FHA|USDA|VA) 5 $755,000 $151,000 $2,456 3.07%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 2 $740,000 $370,000 $969 2.50%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 4 $740,000 $185,000 $0 4.30%
    Tahlequah, OK (FHA|USDA|VA) 3 $735,000 $245,000 $4,372 2.38%
    Elk City, OK (FHA|USDA|VA) 3 $705,000 $235,000 $2,062 4.15%
    Uvalde, TX (FHA|USDA|VA) 1 $705,000 $705,000 $0 4.25%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $685,000 $685,000 $11,298 2.74%
    Vineyard Haven, MA (FHA|USDA|VA) 1 $655,000 $655,000 $0 3.60%
    Ukiah, CA (FHA|USDA|VA) 1 $655,000 $655,000 $0 3.25%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $645,000 $645,000 $5,306 3.10%
    Spirit Lake, IA (FHA|USDA|VA) 1 $635,000 $635,000 $0 3.20%
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 2 $600,000 $300,000 $1,360 4.08%
    GREAT FALLS, MT (FHA|USDA|VA) 1 $585,000 $585,000 $0 4.10%
    Altus, OK (FHA|USDA|VA) 11 $565,000 $51,364 $1,924 1.48%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $545,000 $545,000 $2,992 2.63%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 2 $530,000 $265,000 $2,456 3.19%
    KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 1 $495,000 $495,000 $2,324 3.75%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 3 $345,000 $115,000 $0 5.46%
    Cedar City, UT (FHA|USDA|VA) 1 $335,000 $335,000 $0 4.25%
    Ada, OK (FHA|USDA|VA) 2 $330,000 $165,000 $2,620 3.06%
    FAYETTEVILLE, NC (FHA|USDA|VA) 1 $305,000 $305,000 $0 3.25%
    SALT LAKE CITY, UT (FHA|USDA|VA) 1 $275,000 $275,000 $1,367 3.10%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 2 $260,000 $130,000 $0 6.00%
    JACKSONVILLE, FL (FHA|USDA|VA) 1 $255,000 $255,000 $0 3.25%
    TYLER, TX (FHA|USDA|VA) 1 $235,000 $235,000 $2,654 2.88%
    CEDAR RAPIDS, IA (FHA|USDA|VA) 1 $225,000 $225,000 $0 2.63%
    BAKERSFIELD, CA (FHA|USDA|VA) 1 $215,000 $215,000 $3,262 3.13%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 2 $200,000 $100,000 $0 3.13%
    SAGINAW, MI (FHA|USDA|VA) 1 $195,000 $195,000 $0 3.00%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 2 $190,000 $95,000 $0 5.38%
    JACKSON, MI (FHA|USDA|VA) 1 $175,000 $175,000 $2,024 3.25%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $175,000 $175,000 $3,494 3.25%
    MOBILE, AL (FHA|USDA|VA) 2 $170,000 $85,000 $0 6.44%
    LAWTON, OK (FHA|USDA|VA) 1 $155,000 $155,000 $0 4.25%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 2 $150,000 $75,000 $0 5.75%
    SALEM, OR (FHA|USDA|VA) 1 $145,000 $145,000 $0 4.13%
    FORT COLLINS, CO (FHA|USDA|VA) 1 $135,000 $135,000 $0 2.99%
    Muskogee, OK (FHA|USDA|VA) 1 $125,000 $125,000 $3,842 2.75%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1 $125,000 $125,000 $0 3.25%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 2 $120,000 $60,000 $0 4.81%
    Seymour, IN (FHA|USDA|VA) 1 $105,000 $105,000 $0 3.88%
    YUBA CITY, CA (FHA|USDA|VA) 1 $105,000 $105,000 $0 3.00%
    KNOXVILLE, TN (FHA|USDA|VA) 1 $105,000 $105,000 $0 5.88%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $95,000 $95,000 $0 6.00%
    YORK-HANOVER, PA (FHA|USDA|VA) 1 $95,000 $95,000 $0 4.25%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $95,000 $95,000 $0 3.25%
    YUMA, AZ (FHA|USDA|VA) 1 $85,000 $85,000 $2,700 3.25%
    ROANOKE, VA (FHA|USDA|VA) 1 $85,000 $85,000 $0 5.00%
    YAKIMA, WA (FHA|USDA|VA) 1 $75,000 $75,000 $0 3.25%
    Sterling, CO (FHA|USDA|VA) 1 $75,000 $75,000 $0 6.00%
    Torrington, CT (FHA|USDA|VA) 1 $75,000 $75,000 $0 3.88%
    PITTSBURGH, PA (FHA|USDA|VA) 2 $70,000 $35,000 $0 4.50%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $65,000 $65,000 $0 4.75%
    WINSTON-SALEM, NC (FHA|USDA|VA) 1 $65,000 $65,000 $0 7.00%
    SPARTANBURG, SC (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.50%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.88%
    GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.25%
    MUNCIE, IN (FHA|USDA|VA) 1 $45,000 $45,000 $0 2.88%
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 1 $45,000 $45,000 $0 6.00%
    RICHMOND, VA (FHA|USDA|VA) 1 $45,000 $45,000 $0 6.88%
    HINESVILLE, GA (FHA|USDA|VA) 1 $45,000 $45,000 $0 6.88%
    AMARILLO, TX (FHA|USDA|VA) 1 $45,000 $45,000 $0 4.75%
    MACON-BIBB COUNTY, GA (FHA|USDA|VA) 1 $35,000 $35,000 $0 6.00%
    Bedford, IN (FHA|USDA|VA) 1 $35,000 $35,000 $0 3.50%
    Columbus, MS (FHA|USDA|VA) 1 $25,000 $25,000 $0 7.00%
    BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $25,000 $25,000 $0 6.25%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $15,000 $15,000 $0 3.38%
    LUBBOCK, TX (FHA|USDA|VA) 1 $15,000 $15,000 $0 3.13%
    Midfirst Bank's top markets include Phoenix, Los Angeles, Oklahoma City, Denver, and Tulsa among others.

    Their top states include:
  • Arizona (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,254 $1,723,460,000 $764,623 $5,615 3.25%
    HELOC 1,066 $237,270,000 $222,580 n/a 2.08%
    FHA 125 $12,615,000 $100,920 $3,724 3.93%
    VA 32 $4,510,000 $140,938 $5,161 3.78%
    USDA 1 $35,000 $35,000 $0 3.50%

    For 2021, Midfirst Bank's most frequently originated type of loan was Conventional, with 2,254 originations. Their 2nd most popular type was HELOC, with 1,066 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,303 $1,005,895,000 $771,984 $7,134 3.15%
    Refi 1,082 $720,550,000 $665,943 $4,411 2.96%
    Home Improvement 472 $88,000,000 $186,441 $2,807 2.16%
    Other 429 $110,965,000 $258,660 $4,449 2.95%
    Cash Out Refi 192 $52,480,000 $273,333 $3,281 2.98%

    For 2021, Midfirst Bank's most frequently cited loan purpose was Home Purchase, with 1,303 originations. The 2nd most popular reason was Refi, with 1,082 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,466 $1,277,750,000 $871,589 $6,455 3.05%
    Other 1,245 $331,395,000 $266,181 $2,690 2.37%
    10 Year 278 $134,470,000 $483,705 $1,045 3.92%
    15 Year 240 $93,770,000 $390,708 $3,634 2.87%
    5 Year 125 $64,705,000 $517,640 $774 3.95%
    20 Year 74 $24,470,000 $330,676 $2,459 3.78%
    1 Year 30 $16,840,000 $561,333 $3,143 3.93%
    3 Year 15 $24,375,000 $1,625,000 $0 3.69%
    30+ year 5 $10,115,000 $2,023,000 $14,186 3.29%

    For 2021, Midfirst Bank's most frequently cited loan duration was 30 Year, with 1,466 originations. The 2nd most popular length was Other, with 1,245 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,353 $831,515,000 $614,571
    $5k+ 203 $339,495,000 $1,672,389
    $1k-2k 137 $41,455,000 $302,591
    $2k-3k 45 $20,655,000 $459,000
    $3k-4k 29 $16,475,000 $568,103
    $4k-5k 22 $19,920,000 $905,455

    Midfirst Bank's average total fees were $6,455, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,353 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,293 $1,027,615,000 $794,753
    2.5-3% 1,239 $706,495,000 $570,214
    <2.5% 626 $155,200,000 $247,923
    4-5% 243 $84,325,000 $347,016
    5-6% 42 $3,280,000 $78,095
    6-7% 21 $635,000 $30,238
    7-8% 12 $300,000 $25,000
    Over 8% 2 $40,000 $20,000

    During 2021, Midfirst Bank's average interest rate for loans was 3.05%, while their most frequently originated rate bucket for loans was 3-4%, with 1,293 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 778 $109,510,000 $140,758 $2,997 2.70%
    $200k-400k 730 $206,510,000 $282,890 $3,364 2.91%
    $100,000 or less 640 $34,830,000 $54,422 $1,010 2.64%
    $1MM+ 597 $1,169,585,000 $1,959,104 $12,041 3.17%
    $400k-600k 377 $182,385,000 $483,780 $4,133 3.17%
    $600k-1MM 356 $275,070,000 $772,669 $5,273 3.25%

    2021 saw Midfirst Bank place emphasis on $100k-200k loans with 778 originations, totaling $109,510,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 999 $952,925,000 $953,879 $8,147 3.00%
    $150k-250k 500 $156,370,000 $312,740 $4,264 2.44%
    $100k-150k 399 $82,545,000 $206,880 $3,645 2.38%
    $75k-100k 222 $39,630,000 $178,514 $3,222 2.46%
    $50k-75k 219 $32,965,000 $150,525 $2,947 2.86%
    $50k or less 196 $22,370,000 $114,133 $3,222 2.69%

    Midfirst Bank lent most frequently to those with incomes in the $250k+ range, with 999 originations. The second most popular income band? $150k-250k, with 500 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 760 $327,850,000 $431,382 $5,242 2.69%
    <20% 530 $281,840,000 $531,774 $5,975 2.65%
    30-36% 468 $178,380,000 $381,154 $4,453 2.59%
    39% 140 $42,540,000 $303,857 $5,271 2.21%
    50-60% 108 $113,150,000 $1,047,685 $8,221 3.23%
    36% 102 $40,730,000 $399,314 $4,510 2.58%
    37% 79 $41,065,000 $519,810 $4,742 2.91%
    38% 77 $31,115,000 $404,091 $4,781 2.57%
    42% 68 $31,410,000 $461,912 $5,136 2.16%
    43% 58 $26,890,000 $463,621 $4,227 3.03%
    40% 54 $39,680,000 $734,815 $6,680 2.87%
    >60% 54 $63,580,000 $1,177,407 $11,641 3.32%
    41% 52 $33,170,000 $637,885 $4,796 2.82%
    44% 45 $26,855,000 $596,778 $5,859 3.12%
    49% 29 $19,415,000 $669,483 $5,869 2.99%
    47% 28 $15,290,000 $546,071 $5,530 3.03%
    46% 25 $20,975,000 $839,000 $6,804 3.01%
    45% 24 $9,700,000 $404,167 $4,168 3.00%
    48% 18 $16,880,000 $937,778 $5,190 2.96%

    Midfirst Bank lent most frequently to those with DTI ratios of 20-30%, with 760 originations. The next most common DTI ratio? <20%, with 530 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,305 $1,095,515,000 $475,278 $5,191 2.70%
    Not applicable 640 $596,940,000 $932,719 $7,868 3.61%
    Not provided 294 $197,380,000 $671,361 $7,750 3.12%
    Asian 111 $47,795,000 $430,586 $4,918 2.63%
    Black 73 $24,065,000 $329,658 $5,653 3.38%
    American Indian 32 $6,030,000 $188,438 $2,860 2.64%
    Asian Indian 9 $4,405,000 $489,444 $3,971 2.92%
    Native Hawaiian or Islander 5 $2,385,000 $477,000 $8,092 2.90%
    Other Asian 5 $2,295,000 $459,000 $5,532 3.53%
    Chinese 2 $1,000,000 $500,000 $4,474 2.95%
    Other Pacific Islander 1 $55,000 $55,000 $0 2.99%
    Vietnamese 1 $25,000 $25,000 $0 4.95%

    Approval Rates

    Total approvals of all applications
    97.76%

    Midfirst Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    83.90%

    Midfirst Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 3,478 $1,977,890,000 $568,686

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    3,478 $1,977,890,000 $568,686

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 537 $190,715,000 $355,149 $3,973 2.41%
    40-60% 586 $445,910,000 $760,939 $6,231 2.96%
    60-80% 1,150 $1,015,580,000 $883,113 $6,857 3.20%
    80-100% 488 $226,670,000 $464,488 $4,507 3.06%
    Over 100% 2 $540,000 $270,000 $11,696 2.25%
    Under 20% 580 $79,220,000 $136,586 $1,480 2.36%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    MIDFIRST BANK VA mortgage Trouble during payment process 4 3.2%
    MIDFIRST BANK VA mortgage Incorrect information on your report 2 1.6%
    MIDFIRST BANK VA mortgage Struggling to pay mortgage 2 1.6%
    MIDFIRST BANK Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 0.8%
    MIDFIRST BANK Conventional home mortgage Closing on a mortgage 1 0.8%
    MIDFIRST BANK Conventional home mortgage Incorrect information on your report 2 1.6%
    MIDFIRST BANK Conventional home mortgage Problem with a credit reporting company's investigation into an existing problem 1 0.8%
    MIDFIRST BANK Conventional home mortgage Struggling to pay mortgage 5 4.0%
    MIDFIRST BANK Conventional home mortgage Trouble during payment process 16 12.8%
    MIDFIRST BANK FHA mortgage Applying for a mortgage or refinancing an existing mortgage 10 8.0%
    MIDFIRST BANK FHA mortgage Closing on a mortgage 5 4.0%
    MIDFIRST BANK FHA mortgage Credit monitoring or identity theft protection services 1 0.8%
    MIDFIRST BANK FHA mortgage Incorrect information on your report 6 4.8%
    MIDFIRST BANK FHA mortgage Problem with a credit reporting company's investigation into an existing problem 3 2.4%
    MIDFIRST BANK FHA mortgage Struggling to pay mortgage 25 20.0%
    MIDFIRST BANK FHA mortgage Trouble during payment process 33 26.4%
    MIDFIRST BANK Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 0.8%
    MIDFIRST BANK Other type of mortgage Closing on a mortgage 1 0.8%
    MIDFIRST BANK Other type of mortgage Struggling to pay mortgage 2 1.6%
    MIDFIRST BANK Other type of mortgage Trouble during payment process 4 3.2%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Midfirst Bank 100 North Rock Island Road El Reno, OK 73036 Full Service B&M $108,807
    Midfirst Bank 100 North University Drive Edmond, OK 73034 Full Service B&M $15,455
    Midfirst Bank 101 Cook Street Denver, CO 80206 Full Service B&M $392,695
    Midfirst Bank 1037 Sw 19th Street Moore, OK 73160 Full Service B&M $63,166
    Midfirst Bank 105 Edwards Village Boulevard Edwards, CO 81632 Full Service B&M $65,806
    Midfirst Bank 10725 N. Scottsdale Rd. Scottsdale, AZ 85254 Full Service B&M $130,533
    Midfirst Bank 111 North Perkins Road Stillwater, OK 74075 Full Service B&M $30,426
    Midfirst Bank 11122 S. Memorial Dr. Bixby, OK 74008 Full Service B&M $52,897
    Midfirst Bank 11925 S Western Avenue Oklahoma City, OK 73170 Full Service B&M $93,363
    Midfirst Bank 1200 Garth Brooks Blvd Yukon, OK 73099 Full Service B&M $31,146
    Midfirst Bank 1200 N Kelly Edmond, OK 73003 Full Service B&M $107,213
    Midfirst Bank 1201 West Vandament Yukon, OK 73099 Full Service B&M $127,569
    Midfirst Bank 1290 S. Normal Ave Tempe, AZ 85281 Full Service B&M $49,750
    Midfirst Bank 24810 North Lake Pleasant Parkway Peoria, AZ 85383 Full Service B&M $166,527
    Midfirst Bank 2511 N. Main St Altus, OK 73521 Full Service B&M $82,164
    Midfirst Bank 2547 E. 21st St. Tulsa, OK 74114 Full Service B&M $41,595
    Midfirst Bank 2805 South Colorado Boulevard Denver, CO 80222 Full Service B&M $188,953
    Midfirst Bank 2849 South Market Street Gilbert, AZ 85295 Full Service B&M $79,498
    Midfirst Bank 3030 E. Camelback Rd. Phoenix, AZ 85016 Full Service B&M $927,687
    Midfirst Bank 305 N. Washington St Weatherford, OK 73096 Full Service B&M $105,665
    Midfirst Bank 3140 South Garnett Road Tulsa, OK 74146 Full Service B&M $21,450
    Midfirst Bank 315 West Boyd Norman, OK 73069 Full Service B&M $26,333
    Midfirst Bank 3215 Williams Avenue Woodward, OK 73801 Full Service B&M $42,596
    Midfirst Bank 3232 S. Broadway Edmond, OK 73013 Full Service B&M $50,056
    Midfirst Bank 3601 West Tecumseh Road Norman, OK 73072 Full Service B&M $69,533
    Midfirst Bank 3611 W. Anthem Way Anthem, AZ 85086 Full Service B&M $111,513
    Midfirst Bank 3631 East Baseline Road Gilbert, AZ 85234 Full Service B&M $118,830
    Midfirst Bank 3701 West Reno Ave Oklahoma City, OK 73107 Full Service B&M $51,014
    Midfirst Bank 4000 E. Quincy Ave Englewood, CO 80113 Limited, Mobile/Seasonal Office $0
    Midfirst Bank 411 N Central Phoenix, AZ 85004 Full Service B&M $30,083
    Midfirst Bank 4255 South Peoria Ave Tulsa, OK 74105 Full Service B&M $34,783
    Midfirst Bank 4750 East Chandler Boulevard Phoenix, AZ 85048 Full Service B&M $126,435
    Midfirst Bank 4800 S. Elm Pl. Broken Arrow, OK 74011 Full Service B&M $27,687
    Midfirst Bank 4900 South Gilbert Road Chandler, AZ 85249 Full Service B&M $113,836
    Midfirst Bank 501 Nw Grand Boulevard Oklahoma City, OK 73118 Full Service B&M $9,570,182
    Midfirst Bank 555 17th Street Denver, CO 80202 Full Service B&M $128,852
    Midfirst Bank 5800 North Western Avenue Oklahoma City, OK 73118 Full Service B&M $436,374
    Midfirst Bank 1320 East 7th Street, Suite 220 Los Angeles, CA 90021 Full Service B&M $86,024
    Midfirst Bank 13240 North May Avenue Oklahoma City, OK 73120 Full Service B&M $84,530
    Midfirst Bank 13771 N. Fountain Hills Blvd Fountain Hills, AZ 85268 Full Service B&M $86,375
    Midfirst Bank 1518 Oklahoma Avenue Woodward, OK 73801 Full Service B&M $148,950
    Midfirst Bank 15451 West Waddell Road Surprise, AZ 85379 Full Service B&M $109,108
    Midfirst Bank 1601 East Danforth Road Edmond, OK 73034 Full Service B&M $152,217
    Midfirst Bank 16401 N. May Ave Edmond, OK 73013 Full Service B&M $123,206
    Midfirst Bank 16417 N. Santa Fe Avenue Edmond, OK 73013 Full Service B&M $136,285
    Midfirst Bank 16633 Ventura, Ste 601 Encino, CA 91436 Full Service B&M $58,536
    Midfirst Bank 16976 West Bell Road Surprise, AZ 85374 Full Service B&M $87,135
    Midfirst Bank 17025 North 7th Street Phoenix, AZ 85022 Full Service B&M $68,901
    Midfirst Bank 1875 Century Park East, Suite 1400 Los Angeles, CA 90067 Full Service B&M $1,612,855
    Midfirst Bank 1920 Mckinney Ave, Suite 900 Dallas, TX 75201 Full Service B&M $79,920
    Midfirst Bank 200 S. Mustang Rd. Yukon, OK 73099 Full Service B&M $76,110
    Midfirst Bank 201 Midwest Blvd. Midwest City, OK 73110 Full Service B&M $55,102
    Midfirst Bank 201 Southwest Second Street Anadarko, OK 73005 Full Service B&M $79,295
    Midfirst Bank 20645 N. Pima Road, Suite 140 Scottsdale, AZ 85255 Full Service B&M $430,701
    Midfirst Bank 2100 W. Kenosha St. Broken Arrow, OK 74012 Full Service B&M $44,374
    Midfirst Bank 2101 South West 104th Oklahoma City, OK 73159 Full Service B&M $127,362
    Midfirst Bank 2200 South Utica Place, Suite 550 Tulsa, OK 74114 Full Service B&M $753,751
    Midfirst Bank 2225 N May Ave Oklahoma City, OK 73107 Full Service B&M $87,324
    Midfirst Bank 228 Chickasha Avenue Chickasha, OK 73018 Full Service B&M $118,379
    Midfirst Bank 2320 North Harrison Street Shawnee, OK 74804 Full Service B&M $94,464
    Midfirst Bank 2400 N. 9th St Broken Arrow, OK 74012 Full Service B&M $36,432
    Midfirst Bank 5801 Northwest 39th Street Warr Acres, OK 73122 Full Service B&M $52,077
    Midfirst Bank 625 Northwest 5th Street Moore, OK 73160 Full Service B&M $98,866
    Midfirst Bank 630 West Main Street Norman, OK 73069 Full Service B&M $131,167
    Midfirst Bank 6310 East Greenway Road Scottsdale, AZ 85254 Full Service B&M $159,505
    Midfirst Bank 6351 N Macarthur Oklahoma City, OK 73122 Full Service B&M $120,561
    Midfirst Bank 6508 West Bell Road Glendale, AZ 85308 Full Service B&M $133,178
    Midfirst Bank 702 East Thunderbird Road Phoenix, AZ 85022 Full Service B&M $107,678
    Midfirst Bank 7100 W Hefner Road Oklahoma City, OK 73162 Full Service B&M $237,713
    Midfirst Bank 7305 South Power Road Queen Creek, AZ 85142 Full Service B&M $83,324
    Midfirst Bank 7403 South Pennsylvania Ave Oklahoma City, OK 73159 Full Service B&M $15,588
    Midfirst Bank 7485 W. Cactus Rd. Peoria, AZ 85345 Full Service Retail $87,639
    Midfirst Bank 7500 South Western Ave Oklahoma City, OK 73139 Full Service B&M $72,977
    Midfirst Bank 760 West Ray Road Gilbert, AZ 85233 Full Service B&M $100,764
    Midfirst Bank 787 East Elliot Road Tempe, AZ 85284 Full Service B&M $157,871
    Midfirst Bank 8015 East 71st Street Tulsa, OK 74133 Full Service B&M $74,169
    Midfirst Bank 810 Southwest 44 Oklahoma City, OK 73109 Full Service B&M $47,674
    Midfirst Bank 835 East State Highway 152 Mustang, OK 73064 Full Service B&M $155,158
    Midfirst Bank 840 Pearl Street Boulder, CO 80302 Full Service B&M $50,344
    Midfirst Bank 901 North Lincoln Boulevard Oklahoma City, OK 73104 Full Service B&M $62,809
    Midfirst Bank 9139 South Yale Ave Tulsa, OK 74137 Full Service B&M $65,396

    For 2021, Midfirst Bank had 81 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $1,203,917
    Net interest income $1,036,202
    Total noninterest income $283,720
    Gross Fiduciary activities income $12,931
    Service charges on deposit accounts $20,029
    Trading account gains and fees $0
    Additional Noninterest Income $250,760
    Pre-tax net operating income $832,946
    Securities gains (or losses, -) $-193
    Income before extraordinary items $809,862
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $809,862
    Minority interest net income $0
    Net income $809,862
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $810,049

    Midfirst Bank's gross interest income from loans was $1,203,917,000.
    Midfirst Bank's net interest income from loans was $1,036,202,000.
    Midfirst Bank's fee based income from loans was $20,029,000.
    Midfirst Bank's net income from loans was $809,862,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $167,715
    Provision for credit losses $-28,709
    Total noninterest expense $515,685
    Salaries and employee benefits $309,863
    Premises and equipment expense $64,250
    Additional noninterest expense $141,572
    Applicable income taxes $22,891
    Net charge-offs $6,703
    Cash dividends $232,000

    Midfirst Bank's interest expense for loans was $167,715,000.
    Midfirst Bank's payroll and benefits expense were $309,863,000.
    Midfirst Bank's property, plant and equipment expenses $64,250,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 25.0%
    Real Estate loans 27.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 38.0%
    HELOC loans 0.0%
    All other family 38.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 1.0%
    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 $19,821,588
    Deposits held in domestic offices $19,821,588
    Deposits by Individuals, partnerships, and corporations $19,376,883
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $426,996
    Deposits by Commercial banks and other depository institutions in U.S. $17,461
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $248
    Transaction accounts $4,943,844
    Demand deposits $4,476,280
    Nontransaction accounts $14,877,744
    Money market deposit accounts (MMDAs) $5,108,002
    Other savings deposits (excluding MMDAs) $8,500,172
    Total time deposits $1,269,569
    Total time and savings deposits $15,345,308
    Noninterest-bearing deposits $5,523,259
    Interest-bearing deposits $14,298,329
    Retail deposits $18,110,997
    IRAs and Keogh plan accounts $158,190
    Brokered deposits $1,487,992
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $32,127,026
    Cash & Balances due from depository institutions $267,870
    Interest-bearing balances $141,616
    Total securities $3,092,395
    Federal funds sold & reverse repurchase $0
    Net loans and leases $26,762,494
    Loan and leases loss allowance $179,800
    Trading account assets $0
    Bank premises and fixed assets $234,368
    Other real estate owned $12,418
    Goodwill and other intangibles $226,414
    All other assets $1,531,067

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $32,127,026
    Total Liabilities $29,284,657
    Total deposits $19,821,588
    Interest-bearing deposits $14,298,329
    Deposits held in domestic offices $19,821,588
    % insured (estimated) $70
    Federal funds purchased and repurchase agreements $250,000
    Trading liabilities $0
    Other borrowed funds $9,050,025
    Subordinated debt $0
    All other liabilities $163,044

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $26,762,494
    Loan and leases loss allowance $179,800
    Total loans and leases (domestic) $26,942,294
    All real estate loans $24,487,777
    Real estate loans in domestic offices $24,487,777
    Construction and development loans $881,254
    Residential 1-4 family construction $210,428
    Other construction, all land development and other land $670,826
    Loans secured by nonfarm nonresidential properties $5,308,715
    Nonfarm nonresidential secured by owner-occupied properties $1,904,705
    Commercial real estate & other non-farm, non-residential $3,404,010
    Multifamily residential real estate $508,756
    1-4 family residential loans $17,782,293
    Farmland loans $6,759
    Loans held in foreign offices $0
    Farm loans $213
    Commercial and industrial loans $2,220,580
    To non-U.S. addressees $0
    Loans to individuals $177,557
    Credit card loans $24,974
    Related Plans $49,019
    Consumer Auto Loans $34,513
    Other loans to individuals $69,051
    All other loans & leases $56,167
    Loans to foreign governments and official institutions $0
    Other loans $56,167
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $172,693
    Loans secured by real estate to non-U.S. addressees $12,930
    Restructured Loans & leases $41,108
    Non 1-4 family restructured loans & leases $40,718
    Total loans and leases (foreign) $0

    MidFirst Bank had $26,762,494,000 of loans outstanding in 2021. $24,487,777,000 of loans were in real estate loans. $881,254,000 of loans were in development loans. $508,756,000 of loans were in multifamily mortgage loans. $17,782,293,000 of loans were in 1-4 family mortgage loans. $213,000 of loans were in farm loans. $24,974,000 of loans were in credit card loans. $34,513,000 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 1,778 $665,026 $374,030
    Nonfarm, nonresidential loans - <$100k 114 $5,422 $47,561
    Nonfarm, nonresidential loans - $100-250k 393 $54,999 $139,947
    Nonfarm, nonresidential loans - $250k-1MM 1,271 $604,605 $475,692
    Commercial & Industrial, US addressed loans - <$1MM 5,902 $306,143 $51,871
    Commercial & Industrial, US addressed loans - <$100k 4,471 $50,484 $11,291
    Commercial & Industrial, US addressed loans - $100-250k 632 $53,649 $84,888
    Commercial & Industrial, US addressed loans - $250k-1MM 799 $202,010 $252,829
    Agriculture operations loans - <$1MM 2 $213 $106,500
    Agriculture operations loans - <$100k 1 $13 $13,000
    Agriculture operations loans - $100-250k 1 $200 $200,000