The First National Bank And Trust Company Mortgage Rates, Fees & Info
Beloit, WILEI: 5493001SSNVCONGBH947
Tax ID: 39-0159135
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Bank Data
Overview
The First National Bank And Trust Company is a smaller bank specializing in Home Purchase, Cash Out Refi, and Refi loans. The First National Bank And Trust Company has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets include Whitewater, Janesville, Rockford, Madison, and Chicago among others. The First National Bank And Trust Company has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. The First National Bank And Trust Company is typically a low fee lendor.Originations
1,033Origination Dollar Volume (All Markets)
$205,035,000Employee count
272Awards
The First National Bank and Trust Company - 2021
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For 2021, less than of lenders were eligible for this award.
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Relative Rate
The First National Bank And Trust Company's average 30 year fixed rate mortgage of loans were
3.26%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of 0.11%.
Relative Fees
The First National Bank And Trust Company's average total fees for a 30 year fixed rate
mortgage are $2,097.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Whitewater, WI (FHA|USDA|VA) | 285 | $89,515,000 | $314,088 | $1,661 | 3.15% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 316 | $41,810,000 | $132,310 | $1,521 | 3.25% |
| ROCKFORD, IL (FHA|USDA|VA) | 228 | $29,950,000 | $131,360 | $1,727 | 3.25% |
| MADISON, WI (FHA|USDA|VA) | 95 | $14,725,000 | $155,000 | $1,641 | 3.09% |
| Outside of Metro Areas | 34 | $10,250,000 | $301,471 | $1,750 | 3.14% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 22 | $4,360,000 | $198,182 | $2,617 | 3.39% |
| Watertown-Fort Atkinson, WI (FHA|USDA|VA) | 6 | $3,110,000 | $518,333 | $1,760 | 3.20% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $2,335,000 | $778,333 | $6,047 | 3.29% |
| Freeport, IL (FHA|USDA|VA) | 9 | $1,595,000 | $177,222 | $2,486 | 3.06% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 7 | $1,195,000 | $170,714 | $1,108 | 3.28% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 4 | $1,190,000 | $297,500 | $3,929 | 3.19% |
| RACINE, WI (FHA|USDA|VA) | 5 | $1,005,000 | $201,000 | $1,542 | 3.05% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $5,480 | 3.13% |
| Rochelle, IL (FHA|USDA|VA) | 5 | $625,000 | $125,000 | $1,333 | 3.55% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $3,497 | 3.81% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $3,295 | 2.94% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $3,124 | 2.75% |
| OSHKOSH-NEENAH, WI (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $1,554 | 2.88% |
| Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,532 | 2.63% |
| GREEN BAY, WI (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $1,883 | 2.88% |
| Quincy, IL-MO (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $1,875 | 3.13% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $1,581 | 2.50% |
| Shawano, WI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $1,881 | 3.38% |
The First National Bank And Trust Company's top markets include Whitewater, Janesville, Rockford, Madison, and Chicago among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 1,029 | $204,435,000 | $198,673 | $1,684 | 3.20% |
| USDA | 4 | $600,000 | $150,000 | $3,812 | 3.16% |
For the 2021 period, The First National Bank And Trust Company's most frequently originated loan type of loans were Conventional, with 1,029 originations. Their 2nd most popular type is USDA, with 4 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Purchase | 322 | $70,930,000 | $220,280 | $2,418 | 3.25% |
| Cash Out Refi | 303 | $57,155,000 | $188,630 | $1,625 | 3.04% |
| Refi | 267 | $65,445,000 | $245,112 | $1,551 | 2.92% |
| Home Improvement | 74 | $3,600,000 | $48,649 | $197 | 4.11% |
| Other | 67 | $7,905,000 | $117,985 | $712 | 3.85% |
For the 2021, The First National Bank And Trust Company's most frequently cited loan purpose of loans were Home Purchase, with 322 originations. The 2nd most popular reason of loans were Cash Out Refi, with 303 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 536 | $113,840,000 | $212,388 | $2,097 | 3.26% |
| 15 Year | 266 | $43,810,000 | $164,699 | $1,657 | 2.72% |
| 10 Year | 126 | $24,560,000 | $194,921 | $370 | 3.77% |
| 20 Year | 61 | $10,035,000 | $164,508 | $1,664 | 3.07% |
| 5 Year | 35 | $2,865,000 | $81,857 | $0 | 4.14% |
| Other | 9 | $9,925,000 | $1,102,778 | $4,673 | 3.47% |
For the 2021, The First National Bank And Trust Company's most frequently cited loan length of loans were 30 Year, with 536 originations. The 2nd most popular length of loans were 15 Year, with 266 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 1,003 | $174,465,000 | $173,943 |
| $1k-2k | 7 | $1,395,000 | $199,286 |
| $2k-3k | 2 | $400,000 | $200,000 |
| $3k-4k | 2 | $650,000 | $325,000 |
$2,097 of loans were The First National Bank And Trust Company's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 1,003 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 464 | $105,860,000 | $228,147 |
| 2.5-3% | 304 | $65,920,000 | $216,842 |
| <2.5% | 174 | $26,860,000 | $154,368 |
| 4-5% | 82 | $6,200,000 | $75,610 |
| 5-6% | 8 | $170,000 | $21,250 |
| 6-7% | 1 | $25,000 | $25,000 |
During 2021, The First National Bank And Trust Company's average interest rate of loans were 3.26%, while their most frequently originated rate bucket of loans were 3-4%, with 464 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-200k | 405 | $57,835,000 | $142,802 | $1,839 | 3.08% |
| $100,000 or less | 328 | $18,220,000 | $55,549 | $1,098 | 3.47% |
| $200k-400k | 232 | $62,200,000 | $268,103 | $2,017 | 3.08% |
| $400k-600k | 41 | $19,405,000 | $473,293 | $2,369 | 3.05% |
| $600k-1MM | 14 | $10,240,000 | $731,429 | $2,663 | 3.13% |
| $1MM+ | 13 | $37,135,000 | $2,856,538 | $4,137 | 3.10% |
2021 saw The First National Bank And Trust Company place emphasis on $100k-200k loans with 405 originations, totaling $57,835,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k-75k | 245 | $30,015,000 | $122,510 | $1,562 | 3.18% |
| $50k or less | 217 | $21,235,000 | $97,857 | $1,653 | 3.22% |
| $100k-150k | 196 | $37,430,000 | $190,969 | $1,706 | 3.16% |
| $75k-100k | 179 | $27,665,000 | $154,553 | $1,618 | 3.24% |
| $150k-250k | 98 | $27,280,000 | $278,367 | $1,733 | 3.26% |
| $250k+ | 49 | $27,665,000 | $564,592 | $2,657 | 2.91% |
The First National Bank And Trust Company lent most frequently to those with incomes in the $50k-75k range, with 245 originations. The second most popular income band? $50k or less, with 217 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 274 | $47,470,000 | $173,248 | $1,698 | 3.12% |
| 30-36% | 180 | $26,660,000 | $148,111 | $1,561 | 3.25% |
| <20% | 100 | $16,640,000 | $166,400 | $1,702 | 3.03% |
| 42% | 43 | $7,145,000 | $166,163 | $1,632 | 3.50% |
| 41% | 43 | $8,895,000 | $206,860 | $1,620 | 3.23% |
| 39% | 42 | $5,960,000 | $141,905 | $1,417 | 3.35% |
| 36% | 41 | $7,405,000 | $180,610 | $1,641 | 3.23% |
| 38% | 37 | $7,415,000 | $200,405 | $1,899 | 3.15% |
| 40% | 34 | $7,820,000 | $230,000 | $1,882 | 3.32% |
| 37% | 30 | $5,320,000 | $177,333 | $1,910 | 3.59% |
| 43% | 29 | $5,055,000 | $174,310 | $1,718 | 3.27% |
| 44% | 25 | $3,345,000 | $133,800 | $1,588 | 3.08% |
| 46% | 23 | $4,555,000 | $198,043 | $2,077 | 3.08% |
| 45% | 22 | $4,380,000 | $199,091 | $1,886 | 3.10% |
| 49% | 20 | $3,700,000 | $185,000 | $1,921 | 3.08% |
| 48% | 20 | $3,720,000 | $186,000 | $1,796 | 3.12% |
| 47% | 14 | $2,470,000 | $176,429 | $1,689 | 2.92% |
| 50-60% | 4 | $600,000 | $150,000 | $1,328 | 3.50% |
| >60% | 2 | $2,660,000 | $1,330,000 | $3,784 | 2.88% |
The First National Bank And Trust Company lent most frequently to those with DTI ratios of 20-30%, with 274 originations. The next most common DTI ratio? 30-36%, with 180 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 927 | $159,785,000 | $172,368 | $1,707 | 3.17% |
| Not applicable | 19 | $28,125,000 | $1,480,263 | $0 | 3.77% |
| Not provided | 65 | $10,425,000 | $160,385 | $1,394 | 3.52% |
| Asian | 13 | $5,365,000 | $412,692 | $2,225 | 3.04% |
| Black | 7 | $985,000 | $140,714 | $1,774 | 3.02% |
| American Indian | 2 | $350,000 | $175,000 | $883 | 4.58% |
Approval Rates
Total approvals of all applications89.02%
The First National Bank And Trust Company has an average approval rate.
Pick Rate
Approvals leading to origination83.91%
The First National Bank And Trust Company has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,033 | $205,035,000 | $198,485 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 1,033 | $205,035,000 | $198,485 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 103 | $13,495,000 | $131,019 | $1,206 | 3.19% |
| 40-60% | 201 | $36,465,000 | $181,418 | $1,667 | 2.91% |
| 60-80% | 405 | $108,615,000 | $268,185 | $1,902 | 3.09% |
| 80-100% | 218 | $42,810,000 | $196,376 | $2,332 | 3.23% |
| Under 20% | 106 | $3,650,000 | $34,434 | $104 | 4.14% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| The First National Bank and Trust Company | 190 East Geneva Street Elkhorn, WI 53121 | Full Service B&M | $27,896 |
| The First National Bank and Trust Company | 121 North Walworth Avenue Williams Bay, WI 53191 | Full Service B&M | $38,252 |
| The First National Bank and Trust Company | 1625 Tenth Street Monroe, WI 53566 | Full Service B&M | $168,537 |
| The First National Bank and Trust Company | 1795 Madison Road Beloit, WI 53511 | Full Service B&M | $38,959 |
| The First National Bank and Trust Company | 1882 Inman Parkway Beloit, WI 53511 | Full Service B&M | $71,771 |
| The First National Bank and Trust Company | Kenosha Street And Highway 67 Walworth, WI 53184 | Full Service B&M | $181,280 |
| The First National Bank and Trust Company | 1919 Tenth Street Monroe, WI 53566 | Limited, Drive-thru | $0 |
| The First National Bank and Trust Company | 218 N Walworth St Darien, WI 53114 | Full Service B&M | $51,780 |
| The First National Bank and Trust Company | 2600 Cranston Rd. Beloit, WI 53511 | Full Service B&M | $27,242 |
| The First National Bank and Trust Company | 2636 South Highway 51 Janesville, WI 53546 | Full Service B&M | $38,184 |
| The First National Bank and Trust Company | 300 East Main Street Rockton, IL 61072 | Full Service B&M | $158,871 |
| The First National Bank and Trust Company | 321 Milwaukee Street Argyle, WI 53504 | Full Service B&M | $22,248 |
| The First National Bank and Trust Company | 345 East Grand Avenue Beloit, WI 53511 | Full Service B&M | $201,429 |
| The First National Bank and Trust Company | 500 North Elida Street Winnebago, IL 61088 | Full Service B&M | $54,890 |
| The First National Bank and Trust Company | 500 Peck Drive Clinton, WI 53525 | Full Service B&M | $89,349 |
| The First National Bank and Trust Company | 5360 Bridge St Roscoe, IL 61073 | Full Service B&M | $67,067 |
| The First National Bank and Trust Company | Highway 50 And South Shore Drive Delavan Township, WI 53115 | Full Service B&M | $39,891 |
For 2021, The First National Bank And Trust Company had 17 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $39,962 |
| Net interest income | $37,907 |
| Total noninterest income | $17,853 |
| Gross Fiduciary activities income | $3,442 |
| Service charges on deposit accounts | $3,274 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $11,137 |
| Pre-tax net operating income | $12,387 |
| Securities gains (or losses, -) | $1,181 |
| Income before extraordinary items | $10,253 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $10,253 |
| Minority interest net income | $0 |
| Net income | $10,253 |
| Sale, conversion, retirement of capital stock, net | $10 |
| Net operating income | $9,320 |
The First National Bank And Trust Company's gross interest income from loans was $39,962,000.
The First National Bank And Trust Company's net interest income from loans was $37,907,000.
The First National Bank And Trust Company's fee based income from loans was $3,274,000.
The First National Bank And Trust Company's net income from loans was $10,253,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $2,055 |
| Provision for credit losses | $300 |
| Total noninterest expense | $43,073 |
| Salaries and employee benefits | $26,063 |
| Premises and equipment expense | $5,296 |
| Additional noninterest expense | $11,714 |
| Applicable income taxes | $3,315 |
| Net charge-offs | $24 |
| Cash dividends | $8,334 |
The First National Bank And Trust Company's interest expense for loans was $2,055,000.
The First National Bank And Trust Company's payroll and benefits expense were $26,063,000.
The First National Bank And Trust Company's property, plant and equipment expenses $5,296,000.
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 | 0.0% |
| Personal loans | 0.0% |
| Credit card loans | 0.9% |
| 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 | $1,362,185 |
| Deposits held in domestic offices | $1,362,185 |
| Deposits by Individuals, partnerships, and corporations | $1,213,599 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $148,586 |
| 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 | $116,374 |
| Demand deposits | $70,965 |
| Nontransaction accounts | $1,245,811 |
| Money market deposit accounts (MMDAs) | $186,107 |
| Other savings deposits (excluding MMDAs) | $938,546 |
| Total time deposits | $121,158 |
| Total time and savings deposits | $1,291,220 |
| Noninterest-bearing deposits | $439,233 |
| Interest-bearing deposits | $922,951 |
| Retail deposits | $1,340,959 |
| IRAs and Keogh plan accounts | $25,011 |
| Brokered deposits | $250 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $1,545,562 |
| Cash & Balances due from depository institutions | $36,075 |
| Interest-bearing balances | $10,084 |
| Total securities | $570,851 |
| Federal funds sold & reverse repurchase | $3,437 |
| Net loans and leases | $834,339 |
| Loan and leases loss allowance | $11,039 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $21,016 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $28,763 |
| All other assets | $51,081 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $1,545,562 |
| Total Liabilities | $1,405,429 |
| Total deposits | $1,362,185 |
| Interest-bearing deposits | $922,951 |
| Deposits held in domestic offices | $1,362,185 |
| % insured (estimated) | $76 |
| Federal funds purchased and repurchase agreements | $26,196 |
| Trading liabilities | $0 |
| Other borrowed funds | $10,000 |
| Subordinated debt | $0 |
| All other liabilities | $7,048 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $834,339 |
| Loan and leases loss allowance | $11,039 |
| Total loans and leases (domestic) | $845,378 |
| All real estate loans | $704,844 |
| Real estate loans in domestic offices | $704,844 |
| Construction and development loans | $23,499 |
| Residential 1-4 family construction | $8,166 |
| Other construction, all land development and other land | $15,333 |
| Loans secured by nonfarm nonresidential properties | $361,350 |
| Nonfarm nonresidential secured by owner-occupied properties | $162,749 |
| Commercial real estate & other non-farm, non-residential | $198,601 |
| Multifamily residential real estate | $59,247 |
| 1-4 family residential loans | $213,856 |
| Farmland loans | $46,892 |
| Loans held in foreign offices | $0 |
| Farm loans | $21,740 |
| Commercial and industrial loans | $101,337 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $9,348 |
| Credit card loans | $1,712 |
| Related Plans | $317 |
| Consumer Auto Loans | $3,376 |
| Other loans to individuals | $3,943 |
| All other loans & leases | $8,870 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $1,651 |
| 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 | $9,468 |
| Non 1-4 family restructured loans & leases | $6,596 |
| Total loans and leases (foreign) | $0 |
The First National Bank and Trust Company had $834,339,000 of loans outstanding in 2021. $704,844,000 of loans were in real estate loans. $23,499,000 of loans were in development loans. $59,247,000 of loans were in multifamily mortgage loans. $213,856,000 of loans were in 1-4 family mortgage loans. $21,740,000 of loans were in farm loans. $1,712,000 of loans were in credit card loans. $3,376,000 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 | 377 | $95,424 | $253,114 |
| Nonfarm, nonresidential loans - <$100k | 69 | $3,664 | $53,101 |
| Nonfarm, nonresidential loans - $100-250k | 123 | $17,058 | $138,683 |
| Nonfarm, nonresidential loans - $250k-1MM | 185 | $74,702 | $403,795 |
| Commercial & Industrial, US addressed loans - <$1MM | 456 | $33,058 | $72,496 |
| Commercial & Industrial, US addressed loans - <$100k | 260 | $5,692 | $21,892 |
| Commercial & Industrial, US addressed loans - $100-250k | 108 | $8,535 | $79,028 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 88 | $18,831 | $213,989 |
| Farmland loans - <$1MM | 102 | $13,313 | $130,520 |
| Farmland loans - <$100k | 24 | $1,120 | $46,667 |
| Farmland loans - $100-250k | 41 | $4,040 | $98,537 |
| Farmland loans - $250k-1MM | 37 | $8,153 | $220,351 |
| Agriculture operations loans - <$1MM | 179 | $11,269 | $62,955 |
| Agriculture operations loans - <$100k | 104 | $3,047 | $29,298 |
| Agriculture operations loans - $100-250k | 49 | $4,031 | $82,265 |
| Agriculture operations loans - $250k-1MM | 26 | $4,191 | $161,192 |
