The First National Bank And Trust Company Mortgage Rates, Fees & Info

Beloit, WI

LEI: 5493001SSNVCONGBH947

Tax ID: 39-0159135

5 stars - out of 5 stars, based on 32 reviews

2021 Data | 2020 Data | 2019 Data | 2018 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

1,033

Origination Dollar Volume (All Markets)

$205,035,000

Employee count

272 Show all (6) awards

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 applications
89.02%

The First National Bank And Trust Company has an average approval rate.

Pick Rate

Approvals leading to origination
83.91%

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