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 and Cash Out 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 by origination volume include: Whitewater, Janesville, Rockford, Madison, and Milwaukee among others. We have data for 21 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% 4/21/24
    30 Year Conventional Refi 6.39% 4/21/24
    30 Year Cash-out Refi 6.47% 4/21/24
    30 Year USDA Purchase 6.36% 4/21/24
    15 Year Conventional Purchase 6.37% 4/21/24
    15 Year Conventional Refi 6.27% 4/21/24
    15 Year Cash-out Refi 6.27% 4/21/24
    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

    691

    Origination Dollar Volume (All Markets)

    $104,215,000

    Employee count

    280 Show all (7) 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) 165 $36,185,000 $219,303 $1,619 4.28%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 209 $24,085,000 $115,239 $1,354 4.63%
    ROCKFORD, IL (FHA|USDA|VA) 163 $17,405,000 $106,779 $1,620 4.52%
    MADISON, WI (FHA|USDA|VA) 69 $10,335,000 $149,783 $1,405 4.45%
    Outside of Metro Areas 30 $3,330,000 $111,000 $1,365 4.66%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 11 $3,285,000 $298,636 $1,647 4.08%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 8 $2,430,000 $303,750 $1,588 3.81%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 11 $2,065,000 $187,727 $1,941 3.95%
    RACINE, WI (FHA|USDA|VA) 7 $2,055,000 $293,571 $1,746 3.95%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $465,000 $465,000 $2,494 3.75%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $450,000 $225,000 $2,715 3.94%
    GREEN BAY, WI (FHA|USDA|VA) 2 $400,000 $200,000 $1,658 3.94%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $285,000 $285,000 $3,575 4.38%
    Beaver Dam, WI (FHA|USDA|VA) 1 $265,000 $265,000 $1,653 4.63%
    Rochelle, IL (FHA|USDA|VA) 2 $260,000 $130,000 $2,258 3.69%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 2 $230,000 $115,000 $2,135 4.06%
    LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 1 $225,000 $225,000 $2,279 4.00%
    DULUTH, MN-WI (FHA|USDA|VA) 2 $160,000 $80,000 $1,024 5.14%
    Freeport, IL (FHA|USDA|VA) 2 $150,000 $75,000 $918 5.13%
    Baraboo, WI (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.50%
    Dixon, IL (FHA|USDA|VA) 1 $45,000 $45,000 $1,830 4.50%
    The First National Bank And Trust Company's top markets include Whitewater, Janesville, Rockford, Madison, and Milwaukee among others.

    Their top states include:
  • Wisconsin (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Minnesota (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: 8
    Rock Valley Credit Union
    Similarity Rank: 14
    Liberty Bank for Savings
    Similarity Rank: 85
    NORTHWESTERN MUTUAL
    Similarity Rank: 117
    Empower Credit Union
    Similarity Rank: 144
    Merchants Bank
    Similarity Rank: 150
    Fox River State Bank
    Similarity Rank: 306
    Dane County Credit Union
    Similarity Rank: 315
    Heartland Credit Union (Madison)
    Similarity Rank: 384
    Stillman Bank
    Similarity Rank: 384

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 687 $103,625,000 $150,837 $1,507 4.46%
    USDA 4 $590,000 $147,500 $3,520 4.00%

    For 2019, The First National Bank And Trust Company's most frequently originated type of loan was Conventional, with 687 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 319 $57,165,000 $179,201 $2,097 4.28%
    Cash Out Refi 194 $29,790,000 $153,557 $1,428 4.14%
    Refi 64 $10,980,000 $171,563 $1,153 4.39%
    Other 59 $4,385,000 $74,322 $551 5.20%
    Home Improvement 55 $1,895,000 $34,455 $92 5.88%

    For 2019, The First National Bank And Trust Company's most frequently cited loan purpose was Home Purchase, with 319 originations. The 2nd most popular reason was Cash Out Refi, with 194 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 387 $74,625,000 $192,829 $2,053 4.10%
    15 Year 172 $17,820,000 $103,605 $825 4.83%
    5 Year 48 $3,230,000 $67,292 $33 5.61%
    10 Year 47 $2,715,000 $57,766 $506 5.24%
    20 Year 33 $4,755,000 $144,091 $1,863 3.92%
    Other 4 $1,070,000 $267,500 $1,748 4.42%

    For 2019, The First National Bank And Trust Company's most frequently cited loan duration was 30 Year, with 387 originations. The 2nd most popular length was 15 Year, with 172 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 668 $99,590,000 $149,087
    $2k-3k 4 $970,000 $242,500
    $1k-2k 3 $665,000 $221,667

    The First National Bank And Trust Company's average total fees were $2,053, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 668 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 314 $64,400,000 $205,096
    4-5% 189 $28,725,000 $151,984
    5-6% 102 $5,450,000 $53,431
    6-7% 58 $2,480,000 $42,759
    2.5-3% 15 $2,755,000 $183,667
    7-8% 11 $315,000 $28,636
    Over 8% 2 $90,000 $45,000

    During 2019, The First National Bank And Trust Company's average interest rate for loans was 4.10%, while their most frequently originated rate bucket for loans was 3-4%, with 314 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 305 $15,975,000 $52,377 $958 5.08%
    $100k-200k 214 $30,780,000 $143,832 $1,868 4.04%
    $200k-400k 141 $38,355,000 $272,021 $2,103 3.90%
    $400k-600k 22 $10,920,000 $496,364 $1,879 3.72%
    $600k-1MM 5 $3,865,000 $773,000 $2,155 3.63%
    $1MM+ 4 $4,320,000 $1,080,000 $2,269 3.90%

    2019 saw The First National Bank And Trust Company place emphasis on $100,000 or less loans with 305 originations, totaling $15,975,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 169 $19,855,000 $117,485 $1,543 4.43%
    $50k or less 137 $11,545,000 $84,270 $1,491 4.53%
    $100k-150k 131 $22,025,000 $168,130 $1,476 4.46%
    $75k-100k 119 $15,025,000 $126,261 $1,381 4.57%
    $150k-250k 72 $17,160,000 $238,333 $1,682 4.21%
    $250k+ 41 $14,275,000 $348,171 $1,776 4.04%

    The First National Bank And Trust Company lent most frequently to those with incomes in the $50k-75k range, with 169 originations. The second most popular income band? $50k or less, with 137 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 178 $25,800,000 $144,944 $1,532 4.33%
    30-36% 121 $15,625,000 $129,132 $1,532 4.60%
    <20% 88 $12,270,000 $139,432 $1,535 4.22%
    42% 34 $5,520,000 $162,353 $1,091 4.95%
    40% 30 $3,940,000 $131,333 $1,343 4.62%
    41% 29 $3,435,000 $118,448 $1,186 4.91%
    38% 28 $5,000,000 $178,571 $1,612 4.43%
    37% 27 $3,975,000 $147,222 $1,637 4.82%
    39% 21 $3,625,000 $172,619 $1,568 4.51%
    36% 21 $3,575,000 $170,238 $1,445 4.19%
    47% 17 $2,975,000 $175,000 $1,719 4.04%
    43% 15 $2,815,000 $187,667 $1,555 4.09%
    44% 11 $1,985,000 $180,455 $2,068 4.18%
    45% 10 $1,730,000 $173,000 $1,876 4.08%
    48% 10 $2,320,000 $232,000 $1,819 3.90%
    49% 10 $2,010,000 $201,000 $1,982 3.88%
    46% 7 $1,535,000 $219,286 $2,002 4.06%
    >60% 6 $640,000 $106,667 $629 5.30%
    50-60% 2 $410,000 $205,000 $1,293 5.89%

    The First National Bank And Trust Company lent most frequently to those with DTI ratios of 20-30%, with 178 originations. The next most common DTI ratio? 30-36%, with 121 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 631 $94,885,000 $150,372 $1,545 4.42%
    Not provided 30 $4,150,000 $138,333 $1,150 4.76%
    Not applicable 14 $2,760,000 $197,143 $0 5.48%
    Asian 5 $1,105,000 $221,000 $1,136 4.43%
    Black 5 $565,000 $113,000 $1,103 4.46%
    Other Asian 1 $305,000 $305,000 $1,689 3.75%
    American Indian 3 $265,000 $88,333 $1,520 5.27%
    Japanese 1 $135,000 $135,000 $1,807 5.50%
    Asian Indian 1 $45,000 $45,000 $0 5.40%

    Approval Rates

    Total approvals of all applications
    86.97%

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

    Pick Rate

    Approvals leading to origination
    78.29%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 691 $104,215,000 $150,818

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 3 $1,635,000 $545,000
    Single Family (1-4 Units):Manufactured 2 $220,000 $110,000
    Single Family (1-4 Units):Site-Built 686 $102,360,000 $149,213

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 73 $5,045,000 $69,110 $683 4.95%
    40-60% 81 $14,915,000 $184,136 $1,683 3.88%
    60-80% 227 $41,445,000 $182,577 $1,888 4.07%
    80-100% 208 $39,570,000 $190,240 $2,069 4.23%
    Over 100% 1 $275,000 $275,000 $5,103 4.38%
    Under 20% 101 $2,965,000 $29,356 $35 5.92%

    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 $27,067
    The First National Bank and Trust Company 1625 Tenth Street Monroe, WI 53566 Full Service B&M $111,414
    The First National Bank and Trust Company 1795 Madison Road Beloit, WI 53511 Full Service B&M $31,460
    The First National Bank and Trust Company 1882 Inman Parkway Beloit, WI 53511 Full Service B&M $68,473
    The First National Bank and Trust Company 190 East Geneva Street Elkhorn, WI 53121 Full Service B&M $17,830
    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 $32,525
    The First National Bank and Trust Company 2600 Cranston Rd. Beloit, WI 53511 Full Service B&M $17,522
    The First National Bank and Trust Company 2636 South Highway 51 Janesville, WI 53546 Full Service B&M $19,315
    The First National Bank and Trust Company 300 East Main Street Rockton, IL 61072 Full Service B&M $127,966
    The First National Bank and Trust Company 321 Milwaukee Street Argyle, WI 53504 Full Service B&M $19,171
    The First National Bank and Trust Company 345 East Grand Avenue Beloit, WI 53511 Full Service B&M $160,424
    The First National Bank and Trust Company 500 North Elida Street Winnebago, IL 61088 Full Service B&M $46,520
    The First National Bank and Trust Company 500 Peck Drive Clinton, WI 53525 Full Service B&M $56,744
    The First National Bank and Trust Company 5360 Bridge St Roscoe, IL 61073 Full Service B&M $47,700
    The First National Bank and Trust Company Highway 50 And South Shore Drive Delavan Township, WI 53115 Full Service B&M $22,641
    The First National Bank and Trust Company Kenosha Street And Highway 67 Walworth, WI 53184 Full Service B&M $137,260

    For 2019, The First National Bank And Trust Company had 17 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $43,821
    Net interest income $37,176
    Total noninterest income $13,775
    Gross Fiduciary activities income $2,907
    Service charges on deposit accounts $5,218
    Trading account gains and fees $0
    Additional Noninterest Income $5,650
    Pre-tax net operating income $10,364
    Securities gains (or losses, -) $1,705
    Income before extraordinary items $9,569
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $9,569
    Minority interest net income $0
    Net income $9,569
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $8,222

    The First National Bank And Trust Company's gross interest income from loans was $43,821,000.
    The First National Bank And Trust Company's net interest income from loans was $37,176,000.
    The First National Bank And Trust Company's fee based income from loans was $5,218,000.
    The First National Bank And Trust Company's net income from loans was $9,569,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $6,645
    Provision for credit losses $779
    Total noninterest expense $39,808
    Salaries and employee benefits $22,001
    Premises and equipment expense $5,066
    Additional noninterest expense $12,741
    Applicable income taxes $2,500
    Net charge-offs $280
    Cash dividends $7,220

    The First National Bank And Trust Company's interest expense for loans was $6,645,000.
    The First National Bank And Trust Company's payroll and benefits expense were $22,001,000.
    The First National Bank And Trust Company's property, plant and equipment expenses $5,066,000.

    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 2.3%
    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 $999,674
    Deposits held in domestic offices $999,674
    Deposits by Individuals, partnerships, and corporations $864,883
    Deposits by U.S. Government $2
    Deposits by States and political subdivisions in the U.S. $134,789
    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 $114,875
    Demand deposits $79,135
    Nontransaction accounts $884,799
    Money market deposit accounts (MMDAs) $139,744
    Other savings deposits (excluding MMDAs) $570,159
    Total time deposits $174,895
    Total time and savings deposits $920,539
    Noninterest-bearing deposits $278,472
    Interest-bearing deposits $721,202
    Retail deposits $953,739
    IRAs and Keogh plan accounts $26,849
    Brokered deposits $15
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,170,113
    Cash & Balances due from depository institutions $62,234
    Interest-bearing balances $21,954
    Total securities $178,757
    Federal funds sold & reverse repurchase $40,239
    Net loans and leases $818,354
    Loan and leases loss allowance $9,588
    Trading account assets $0
    Bank premises and fixed assets $23,517
    Other real estate owned $145
    Goodwill and other intangibles $28,570
    All other assets $18,297

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,170,113
    Total Liabilities $1,034,690
    Total deposits $999,674
    Interest-bearing deposits $721,202
    Deposits held in domestic offices $999,674
    % insured (estimated) $84
    Federal funds purchased and repurchase agreements $5,548
    Trading liabilities $0
    Other borrowed funds $22,250
    Subordinated debt $0
    All other liabilities $7,218

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $818,354
    Loan and leases loss allowance $9,588
    Total loans and leases (domestic) $827,942
    All real estate loans $656,823
    Real estate loans in domestic offices $656,823
    Construction and development loans $50,323
    Residential 1-4 family construction $7,238
    Other construction, all land development and other land $43,085
    Loans secured by nonfarm nonresidential properties $284,594
    Nonfarm nonresidential secured by owner-occupied properties $102,842
    Commercial real estate & other non-farm, non-residential $181,752
    Multifamily residential real estate $33,945
    1-4 family residential loans $224,866
    Farmland loans $63,095
    Loans held in foreign offices $0
    Farm loans $30,083
    Commercial and industrial loans $110,672
    To non-U.S. addressees $0
    Loans to individuals $10,909
    Credit card loans $2,163
    Related Plans $383
    Consumer Auto Loans $4,190
    Other loans to individuals $4,173
    All other loans & leases $19,455
    Loans to foreign governments and official institutions $0
    Other loans $5,949
    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 $914
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    The First National Bank and Trust Company had $818,354,000 of loans outstanding in 2019. $656,823,000 of loans were in real estate loans. $50,323,000 of loans were in development loans. $33,945,000 of loans were in multifamily mortgage loans. $224,866,000 of loans were in 1-4 family mortgage loans. $30,083,000 of loans were in farm loans. $2,163,000 of loans were in credit card loans. $4,190,000 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 360 $87,730 $243,694
    Nonfarm, nonresidential loans - <$100k 67 $3,678 $54,896
    Nonfarm, nonresidential loans - $100-250k 121 $16,038 $132,545
    Nonfarm, nonresidential loans - $250k-1MM 172 $68,014 $395,430
    Commercial & Industrial, US addressed loans - <$1MM 364 $40,874 $112,291
    Commercial & Industrial, US addressed loans - <$100k 220 $7,234 $32,882
    Commercial & Industrial, US addressed loans - $100-250k 72 $7,807 $108,431
    Commercial & Industrial, US addressed loans - $250k-1MM 72 $25,833 $358,792
    Farmland loans - <$1MM 96 $12,626 $131,521
    Farmland loans - <$100k 28 $1,229 $43,893
    Farmland loans - $100-250k 37 $4,010 $108,378
    Farmland loans - $250k-1MM 31 $7,387 $238,290
    Agriculture operations loans - <$1MM 187 $14,431 $77,171
    Agriculture operations loans - <$100k 117 $4,050 $34,615
    Agriculture operations loans - $100-250k 48 $5,629 $117,271
    Agriculture operations loans - $250k-1MM 22 $4,752 $216,000