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

Beloit, WI

LEI: 5493001SSNVCONGBH947

Tax ID: 39-0159135

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    The First National Bank And Trust Company is a smaller bank specializing in Home Purchase 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 by origination volume include: Whitewater, Janesville, Milwaukee, Rockford, and Madison among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The First National Bank And Trust Company has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. The First National Bank And Trust Company is typically a low 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.62% 12/16/24
    30 Year Conventional Refi 6.39% 12/16/24
    30 Year Cash-out Refi 6.47% 12/16/24
    30 Year USDA Purchase 6.36% 12/16/24
    15 Year Conventional Purchase 6.37% 12/16/24
    15 Year Conventional Refi 6.27% 12/16/24
    15 Year Cash-out Refi 6.27% 12/16/24
    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.

    The First National Bank And Trust Company Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from The First National Bank And Trust Company. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    677

    Origination Dollar Volume (All Markets)

    $97,675,000

    Employee count

    293 Show all (8) awards

    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
    Whitewater, WI (FHA|USDA|VA) 174 $27,800,000 $159,770 $1,255 4.80%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 225 $20,685,000 $91,933 $1,214 4.85%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 6 $17,380,000 $2,896,667 $1,420 5.15%
    ROCKFORD, IL (FHA|USDA|VA) 152 $12,300,000 $80,921 $1,190 4.93%
    MADISON, WI (FHA|USDA|VA) 66 $9,590,000 $145,303 $1,251 4.65%
    Outside of Metro Areas 27 $4,165,000 $154,259 $1,294 4.46%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 11 $2,825,000 $256,818 $1,699 4.54%
    RACINE, WI (FHA|USDA|VA) 4 $1,110,000 $277,500 $1,221 4.89%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 2 $930,000 $465,000 $1,719 4.33%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $195,000 $195,000 $2,539 4.50%
    EAU CLAIRE, WI (FHA|USDA|VA) 1 $165,000 $165,000 $2,117 3.88%
    Freeport, IL (FHA|USDA|VA) 3 $145,000 $48,333 $566 4.95%
    Platteville, WI (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.44%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $105,000 $105,000 $3,695 4.25%
    SPRINGFIELD, IL (FHA|USDA|VA) 1 $85,000 $85,000 $0 3.99%
    GREEN BAY, WI (FHA|USDA|VA) 1 $55,000 $55,000 $1,725 4.13%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $35,000 $35,000 $646 6.63%
    The First National Bank And Trust Company's top markets include Whitewater, Janesville, Milwaukee, Rockford, and Madison among others.

    Their top states include:
  • Wisconsin (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against The First National Bank and Trust Company based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    AppleTree Credit Union
    Similarity Rank: 10
    NORTHWESTERN MUTUAL
    Similarity Rank: 12
    Bank of Milton
    Similarity Rank: 25
    UNITED
    Similarity Rank: 28
    Rock Valley Credit Union
    Similarity Rank: 30
    First Community Credit Union
    Similarity Rank: 63
    Liberty Bank for Savings
    Similarity Rank: 104
    Kohler Credit Union
    Similarity Rank: 128
    Empower Credit Union
    Similarity Rank: 135
    United Community Bank
    Similarity Rank: 147

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 673 $96,895,000 $143,975 $1,222 4.81%
    USDA 4 $780,000 $195,000 $3,886 4.47%

    For 2018, The First National Bank And Trust Company's most frequently originated type of loan was Conventional, with 673 originations. Their 2nd most popular type was USDA, with 4 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 291 $63,285,000 $217,474 $1,991 4.72%
    Cash Out Refi 153 $17,625,000 $115,196 $1,062 4.67%
    Other 93 $4,395,000 $47,258 $373 4.98%
    Refi 81 $10,195,000 $125,864 $699 5.17%
    Home Improvement 59 $2,175,000 $36,864 $159 4.93%

    For 2018, The First National Bank And Trust Company's most frequently cited loan purpose was Home Purchase, with 291 originations. The 2nd most popular reason was Cash Out Refi, with 153 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 312 $54,870,000 $175,865 $1,951 4.66%
    15 Year 182 $14,170,000 $77,857 $691 4.88%
    5 Year 83 $2,715,000 $32,711 $185 4.93%
    10 Year 73 $19,355,000 $265,137 $421 5.31%
    20 Year 23 $2,495,000 $108,478 $1,876 4.57%
    Other 4 $4,070,000 $1,017,500 $0 3.79%

    For 2018, The First National Bank And Trust Company's most frequently cited loan duration was 30 Year, with 312 originations. The 2nd most popular length was 15 Year, with 182 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 657 $75,255,000 $114,543
    $1k-2k 4 $650,000 $162,500
    $2k-3k 2 $300,000 $150,000
    $3k-4k 1 $335,000 $335,000

    The First National Bank And Trust Company's average total fees were $1,951, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 657 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 357 $47,955,000 $134,328
    3-4% 131 $20,845,000 $159,122
    5-6% 131 $26,575,000 $202,863
    6-7% 44 $1,830,000 $41,591
    7-8% 11 $325,000 $29,545
    Over 8% 3 $145,000 $48,333

    During 2018, The First National Bank And Trust Company's average interest rate for loans was 4.66%, while their most frequently originated rate bucket for loans was 4-5%, with 357 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 377 $16,615,000 $44,072 $734 5.02%
    $100k-200k 193 $27,385,000 $141,891 $1,794 4.62%
    $200k-400k 83 $22,895,000 $275,843 $1,968 4.47%
    $400k-600k 15 $7,115,000 $474,333 $2,360 4.22%
    $600k-1MM 6 $5,010,000 $835,000 $2,507 4.02%
    $1MM+ 3 $18,655,000 $6,218,333 $1,629 4.33%

    2018 saw The First National Bank And Trust Company place emphasis on $100,000 or less loans with 377 originations, totaling $16,615,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 171 $14,295,000 $83,596 $1,143 4.88%
    $75k-100k 149 $17,025,000 $114,262 $1,217 4.79%
    $50k or less 144 $9,480,000 $65,833 $1,163 4.93%
    $100k-150k 104 $14,580,000 $140,192 $1,311 4.75%
    $150k-250k 55 $9,685,000 $176,091 $1,381 4.69%
    $250k+ 36 $10,360,000 $287,778 $1,628 4.48%

    The First National Bank And Trust Company lent most frequently to those with incomes in the $50k-75k range, with 171 originations. The second most popular income band? $75k-100k, with 149 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 173 $17,675,000 $102,168 $1,260 4.77%
    30-36% 128 $15,140,000 $118,281 $1,194 4.74%
    <20% 66 $8,330,000 $126,212 $1,344 4.54%
    41% 34 $2,920,000 $85,882 $856 4.74%
    42% 32 $3,260,000 $101,875 $921 5.09%
    40% 27 $2,575,000 $95,370 $1,115 4.97%
    36% 25 $3,625,000 $145,000 $1,442 4.61%
    38% 24 $2,170,000 $90,417 $1,524 4.80%
    39% 23 $2,915,000 $126,739 $1,088 4.93%
    37% 21 $2,365,000 $112,619 $1,286 4.64%
    >60% 19 $1,855,000 $97,632 $648 5.62%
    44% 17 $3,165,000 $186,176 $1,524 4.70%
    43% 16 $1,700,000 $106,250 $1,124 5.26%
    45% 14 $2,560,000 $182,857 $1,364 4.84%
    50-60% 12 $1,720,000 $143,333 $1,013 5.13%
    48% 10 $1,010,000 $101,000 $1,687 5.28%
    46% 9 $1,355,000 $150,556 $1,752 4.88%
    49% 8 $1,270,000 $158,750 $2,247 4.42%
    47% 6 $930,000 $155,000 $1,827 4.85%

    The First National Bank And Trust Company lent most frequently to those with DTI ratios of 20-30%, with 173 originations. The next most common DTI ratio? 30-36%, with 128 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 610 $88,170,000 $144,541 $1,274 4.79%
    Not applicable 11 $4,835,000 $439,545 $0 5.20%
    Not provided 44 $2,950,000 $67,045 $620 5.13%
    Asian 5 $1,175,000 $235,000 $2,197 4.28%
    Black 5 $445,000 $89,000 $1,346 4.56%
    American Indian 1 $75,000 $75,000 $2,066 5.50%
    Vietnamese 1 $25,000 $25,000 $0 3.99%

    Approval Rates

    Total approvals of all applications
    86.53%

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

    Pick Rate

    Approvals leading to origination
    82.13%

    The First National Bank And Trust Company has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 677 $97,675,000 $144,276

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 5 $20,275,000 $4,055,000
    Single Family (1-4 Units):Manufactured 2 $190,000 $95,000
    Single Family (1-4 Units):Site-Built 670 $77,210,000 $115,239

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 94 $6,410,000 $68,191 $402 5.02%
    40-60% 63 $9,185,000 $145,794 $1,128 4.61%
    60-80% 193 $48,335,000 $250,440 $1,873 4.63%
    80-100% 170 $29,400,000 $172,941 $2,009 4.67%
    Over 100% 1 $105,000 $105,000 $353 8.04%
    Under 20% 156 $4,240,000 $27,179 $188 5.13%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The First National Bank and Trust Company 121 North Walworth Avenue Williams Bay, WI 53191 Full Service B&M $23,827
    The First National Bank and Trust Company 1625 Tenth Street Monroe, WI 53566 Full Service B&M $122,941
    The First National Bank and Trust Company 1795 Madison Road Beloit, WI 53511 Full Service B&M $30,591
    The First National Bank and Trust Company 1882 Inman Parkway Beloit, WI 53511 Full Service B&M $63,758
    The First National Bank and Trust Company 190 East Geneva Street Elkhorn, WI 53121 Full Service B&M $15,352
    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 $30,768
    The First National Bank and Trust Company 2600 Cranston Rd. Beloit, WI 53511 Full Service B&M $18,609
    The First National Bank and Trust Company 2636 South Highway 51 Janesville, WI 53546 Full Service B&M $18,932
    The First National Bank and Trust Company 300 East Main Street Rockton, IL 61072 Full Service B&M $126,735
    The First National Bank and Trust Company 321 Milwaukee Street Argyle, WI 53504 Full Service B&M $19,331
    The First National Bank and Trust Company 345 East Grand Avenue Beloit, WI 53511 Full Service B&M $164,827
    The First National Bank and Trust Company 500 North Elida Street Winnebago, IL 61088 Full Service B&M $45,454
    The First National Bank and Trust Company 500 Peck Drive Clinton, WI 53525 Full Service B&M $62,116
    The First National Bank and Trust Company 5360 Bridge St Roscoe, IL 61073 Full Service B&M $50,107
    The First National Bank and Trust Company Highway 50 And South Shore Drive Delavan Township, WI 53115 Full Service B&M $23,031
    The First National Bank and Trust Company Kenosha Street And Highway 67 Walworth, WI 53184 Full Service B&M $136,658

    For 2018, The First National Bank And Trust Company had 17 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $42,028
    Net interest income $37,118
    Total noninterest income $12,369
    Gross Fiduciary activities income $2,806
    Service charges on deposit accounts $4,657
    Trading account gains and fees $0
    Additional Noninterest Income $4,906
    Pre-tax net operating income $10,293
    Securities gains (or losses, -) $323
    Income before extraordinary items $9,131
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $9,131
    Minority interest net income $0
    Net income $9,131
    Sale, conversion, retirement of capital stock, net $248
    Net operating income $8,853

    The First National Bank And Trust Company's gross interest income from loans was $42,028,000.
    The First National Bank And Trust Company's net interest income from loans was $37,118,000.
    The First National Bank And Trust Company's fee based income from loans was $4,657,000.
    The First National Bank And Trust Company's net income from loans was $9,131,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,910
    Provision for credit losses $206
    Total noninterest expense $38,988
    Salaries and employee benefits $22,534
    Premises and equipment expense $4,237
    Additional noninterest expense $12,217
    Applicable income taxes $1,485
    Net charge-offs $-255
    Cash dividends $5,678

    The First National Bank And Trust Company's interest expense for loans was $4,910,000.
    The First National Bank And Trust Company's payroll and benefits expense were $22,534,000.
    The First National Bank And Trust Company's property, plant and equipment expenses $4,237,000.

    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 2.5%
    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 $990,072
    Deposits held in domestic offices $990,072
    Deposits by Individuals, partnerships, and corporations $852,648
    Deposits by U.S. Government $2
    Deposits by States and political subdivisions in the U.S. $137,422
    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 $113,684
    Demand deposits $71,386
    Nontransaction accounts $876,388
    Money market deposit accounts (MMDAs) $174,561
    Other savings deposits (excluding MMDAs) $540,388
    Total time deposits $161,439
    Total time and savings deposits $918,686
    Noninterest-bearing deposits $248,708
    Interest-bearing deposits $741,364
    Retail deposits $958,901
    IRAs and Keogh plan accounts $29,136
    Brokered deposits $252
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,153,351
    Cash & Balances due from depository institutions $39,112
    Interest-bearing balances $5,635
    Total securities $201,430
    Federal funds sold & reverse repurchase $44,702
    Net loans and leases $794,049
    Loan and leases loss allowance $9,088
    Trading account assets $0
    Bank premises and fixed assets $23,817
    Other real estate owned $231
    Goodwill and other intangibles $29,708
    All other assets $20,302

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,153,351
    Total Liabilities $1,022,298
    Total deposits $990,072
    Interest-bearing deposits $741,364
    Deposits held in domestic offices $990,072
    % insured (estimated) $84
    Federal funds purchased and repurchase agreements $4,858
    Trading liabilities $0
    Other borrowed funds $19,500
    Subordinated debt $0
    All other liabilities $7,868

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $794,049
    Loan and leases loss allowance $9,088
    Total loans and leases (domestic) $803,137
    All real estate loans $641,898
    Real estate loans in domestic offices $641,898
    Construction and development loans $26,082
    Residential 1-4 family construction $4,217
    Other construction, all land development and other land $21,865
    Loans secured by nonfarm nonresidential properties $289,055
    Nonfarm nonresidential secured by owner-occupied properties $115,280
    Commercial real estate & other non-farm, non-residential $173,775
    Multifamily residential real estate $34,484
    1-4 family residential loans $226,617
    Farmland loans $65,660
    Loans held in foreign offices $0
    Farm loans $31,075
    Commercial and industrial loans $100,540
    To non-U.S. addressees $0
    Loans to individuals $10,999
    Credit card loans $1,824
    Related Plans $386
    Consumer Auto Loans $4,150
    Other loans to individuals $4,639
    All other loans & leases $18,625
    Loans to foreign governments and official institutions $0
    Other loans $2,843
    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 $1,035
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    The First National Bank and Trust Company had $794,049,000 of loans outstanding in 2018. $641,898,000 of loans were in real estate loans. $26,082,000 of loans were in development loans. $34,484,000 of loans were in multifamily mortgage loans. $226,617,000 of loans were in 1-4 family mortgage loans. $31,075,000 of loans were in farm loans. $1,824,000 of loans were in credit card loans. $4,150,000 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 354 $86,292 $243,763
    Nonfarm, nonresidential loans - <$100k 71 $3,776 $53,183
    Nonfarm, nonresidential loans - $100-250k 117 $15,204 $129,949
    Nonfarm, nonresidential loans - $250k-1MM 166 $67,312 $405,494
    Commercial & Industrial, US addressed loans - <$1MM 360 $39,431 $109,531
    Commercial & Industrial, US addressed loans - <$100k 212 $6,567 $30,976
    Commercial & Industrial, US addressed loans - $100-250k 73 $7,912 $108,384
    Commercial & Industrial, US addressed loans - $250k-1MM 75 $24,952 $332,693
    Farmland loans - <$1MM 94 $12,856 $136,766
    Farmland loans - <$100k 26 $1,258 $48,385
    Farmland loans - $100-250k 38 $4,507 $118,605
    Farmland loans - $250k-1MM 30 $7,091 $236,367
    Agriculture operations loans - <$1MM 183 $14,153 $77,339
    Agriculture operations loans - <$100k 109 $4,050 $37,156
    Agriculture operations loans - $100-250k 55 $6,397 $116,309
    Agriculture operations loans - $250k-1MM 19 $3,706 $195,053