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

Jump to:

  • 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 Refi, Cash Out Refi, and 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, Rockford, Madison, and Chicago among others. We have data for 25 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The First National Bank And Trust Company 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. 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.

    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
    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

    1,372

    Origination Dollar Volume (All Markets)

    $237,970,000

    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) 361 $81,415,000 $225,526 $1,582 3.26%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 378 $52,120,000 $137,884 $1,572 3.28%
    ROCKFORD, IL (FHA|USDA|VA) 321 $44,655,000 $139,112 $1,736 3.20%
    MADISON, WI (FHA|USDA|VA) 129 $18,975,000 $147,093 $1,582 3.33%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 46 $11,040,000 $240,000 $2,164 3.13%
    Outside of Metro Areas 47 $9,085,000 $193,298 $1,741 3.13%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 36 $8,750,000 $243,056 $1,663 3.14%
    RACINE, WI (FHA|USDA|VA) 9 $2,785,000 $309,444 $1,550 3.33%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 6 $1,530,000 $255,000 $1,350 3.35%
    GREEN BAY, WI (FHA|USDA|VA) 5 $1,445,000 $289,000 $1,406 2.73%
    Freeport, IL (FHA|USDA|VA) 8 $970,000 $121,250 $1,693 3.41%
    Rochelle, IL (FHA|USDA|VA) 6 $850,000 $141,667 $2,124 3.04%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $730,000 $365,000 $3,584 3.06%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 3 $655,000 $218,333 $2,868 3.00%
    DULUTH, MN-WI (FHA|USDA|VA) 2 $500,000 $250,000 $2,232 2.94%
    Baraboo, WI (FHA|USDA|VA) 3 $455,000 $151,667 $1,892 2.79%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 2 $350,000 $175,000 $2,194 3.69%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $305,000 $305,000 $0 3.13%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $285,000 $285,000 $3,962 3.38%
    Beaver Dam, WI (FHA|USDA|VA) 1 $265,000 $265,000 $1,391 3.50%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $265,000 $265,000 $3,336 3.25%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 1 $245,000 $245,000 $1,701 2.50%
    APPLETON, WI (FHA|USDA|VA) 1 $105,000 $105,000 $1,326 2.50%
    SHEBOYGAN, WI (FHA|USDA|VA) 1 $105,000 $105,000 $1,803 2.63%
    EAU CLAIRE, WI (FHA|USDA|VA) 1 $85,000 $85,000 $2,016 2.63%
    The First National Bank And Trust Company's top markets include Whitewater, Janesville, Rockford, Madison, and Chicago among others.

    Their top states include:
  • Wisconsin (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Florida (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.

    Rock Valley Credit Union
    Similarity Rank: 135
    Glenview State Bank
    Similarity Rank: 312
    Liberty Bank for Savings
    Similarity Rank: 312
    Hometown Bank
    Similarity Rank: 360
    Empower Credit Union
    Similarity Rank: 459
    Royal Bank
    Similarity Rank: 468
    Starion Bank
    Similarity Rank: 546
    Westbury Bank
    Similarity Rank: 612
    CROWN MORTGAGE COMPANY
    Similarity Rank: 627
    AMERITRUST MORTGAGE CORPORATION
    Similarity Rank: 648

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,363 $236,555,000 $173,555 $1,641 3.24%
    USDA 9 $1,415,000 $157,222 $3,817 3.22%

    For 2020, The First National Bank And Trust Company's most frequently originated type of loan was Conventional, with 1,363 originations. Their 2nd most popular type was USDA, with 9 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 545 $94,605,000 $173,587 $1,517 2.96%
    Cash Out Refi 386 $66,630,000 $172,617 $1,597 3.17%
    Home Purchase 355 $70,475,000 $198,521 $2,245 3.39%
    Other 50 $4,310,000 $86,200 $476 4.58%
    Home Improvement 36 $1,950,000 $54,167 $237 4.89%

    For 2020, The First National Bank And Trust Company's most frequently cited loan purpose was Refi, with 545 originations. The 2nd most popular reason was Cash Out Refi, with 386 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 665 $132,705,000 $199,556 $1,942 3.36%
    15 Year 523 $79,295,000 $151,616 $1,425 3.04%
    10 Year 86 $10,450,000 $121,512 $1,395 2.97%
    20 Year 61 $10,665,000 $174,836 $1,650 3.25%
    5 Year 32 $2,070,000 $64,688 $0 4.68%
    Other 5 $2,785,000 $557,000 $0 4.13%

    For 2020, The First National Bank And Trust Company's most frequently cited loan duration was 30 Year, with 665 originations. The 2nd most popular length was 15 Year, with 523 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,353 $231,685,000 $171,238
    $1k-2k 7 $1,335,000 $190,714
    $2k-3k 2 $380,000 $190,000
    $5k+ 1 $285,000 $285,000

    The First National Bank And Trust Company's average total fees were $1,942, 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% 624 $121,300,000 $194,391
    2.5-3% 469 $82,035,000 $174,915
    <2.5% 155 $24,035,000 $155,065
    4-5% 70 $8,160,000 $116,571
    5-6% 39 $1,905,000 $48,846
    6-7% 14 $490,000 $35,000
    7-8% 1 $45,000 $45,000

    During 2020, The First National Bank And Trust Company's average interest rate for loans was 3.36%, while their most frequently originated rate bucket for loans was 3-4%, with 624 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 579 $84,125,000 $145,294 $1,755 3.09%
    $100,000 or less 393 $24,475,000 $62,277 $1,322 3.57%
    $200k-400k 327 $88,435,000 $270,443 $1,810 3.12%
    $400k-600k 62 $29,120,000 $469,677 $1,944 3.06%
    $1MM+ 6 $8,280,000 $1,380,000 $2,466 3.65%
    $600k-1MM 5 $3,535,000 $707,000 $2,192 3.98%

    2020 saw The First National Bank And Trust Company place emphasis on $100k-200k loans with 579 originations, totaling $84,125,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 295 $53,965,000 $182,932 $1,625 3.18%
    $50k-75k 267 $34,855,000 $130,543 $1,721 3.23%
    $75k-100k 250 $40,250,000 $161,000 $1,630 3.22%
    $50k or less 246 $23,980,000 $97,480 $1,668 3.34%
    $150k-250k 172 $39,610,000 $230,291 $1,642 3.26%
    $250k+ 95 $35,085,000 $369,316 $1,683 3.22%

    The First National Bank And Trust Company lent most frequently to those with incomes in the $100k-150k range, with 295 originations. The second most popular income band? $50k-75k, with 267 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 387 $60,695,000 $156,835 $1,651 3.22%
    30-36% 259 $43,675,000 $168,629 $1,668 3.27%
    <20% 191 $35,115,000 $183,848 $1,645 3.03%
    37% 48 $9,050,000 $188,542 $1,721 3.16%
    38% 44 $8,980,000 $204,091 $1,695 3.44%
    42% 42 $6,220,000 $148,095 $1,517 3.54%
    40% 42 $7,160,000 $170,476 $1,511 3.46%
    44% 42 $7,460,000 $177,619 $1,753 3.09%
    39% 41 $6,975,000 $170,122 $1,604 3.19%
    41% 40 $7,070,000 $176,750 $1,546 3.61%
    36% 36 $6,300,000 $175,000 $1,687 3.34%
    45% 36 $6,020,000 $167,222 $1,697 3.20%
    43% 30 $5,360,000 $178,667 $1,865 3.32%
    48% 25 $4,485,000 $179,400 $1,800 3.28%
    47% 23 $4,605,000 $200,217 $1,669 3.16%
    46% 17 $3,685,000 $216,765 $2,007 3.07%
    49% 17 $3,375,000 $198,529 $1,808 3.25%
    50-60% 4 $700,000 $175,000 $528 4.73%
    >60% 1 $305,000 $305,000 $0 3.75%

    The First National Bank And Trust Company lent most frequently to those with DTI ratios of 20-30%, with 387 originations. The next most common DTI ratio? 30-36%, with 259 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,259 $217,855,000 $173,038 $1,660 3.22%
    Not provided 62 $9,860,000 $159,032 $1,457 3.49%
    Asian 23 $4,225,000 $183,696 $1,891 3.09%
    Not applicable 6 $3,250,000 $541,667 $0 4.07%
    American Indian 11 $1,575,000 $143,182 $1,779 3.28%
    Black 10 $1,080,000 $108,000 $1,649 3.66%
    Other Asian 1 $125,000 $125,000 $1,759 2.75%

    Approval Rates

    Total approvals of all applications
    92.15%

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

    Pick Rate

    Approvals leading to origination
    84.99%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,372 $237,970,000 $173,448

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $1,345,000 $1,345,000
    Single Family (1-4 Units):Manufactured 6 $690,000 $115,000
    Single Family (1-4 Units):Site-Built 1,365 $235,935,000 $172,846

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 120 $14,190,000 $118,250 $1,179 3.47%
    40-60% 274 $43,380,000 $158,321 $1,567 2.92%
    60-80% 608 $117,970,000 $194,030 $1,739 3.13%
    80-100% 299 $59,805,000 $200,017 $2,126 3.27%
    Under 20% 71 $2,625,000 $36,972 $122 4.91%

    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 $31,294
    The First National Bank and Trust Company 1625 Tenth Street Monroe, WI 53566 Full Service B&M $137,179
    The First National Bank and Trust Company 1795 Madison Road Beloit, WI 53511 Full Service B&M $33,664
    The First National Bank and Trust Company 1882 Inman Parkway Beloit, WI 53511 Full Service B&M $68,398
    The First National Bank and Trust Company 190 East Geneva Street Elkhorn, WI 53121 Full Service B&M $22,425
    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 $38,235
    The First National Bank and Trust Company 2600 Cranston Rd. Beloit, WI 53511 Full Service B&M $21,713
    The First National Bank and Trust Company 2636 South Highway 51 Janesville, WI 53546 Full Service B&M $30,019
    The First National Bank and Trust Company 300 East Main Street Rockton, IL 61072 Full Service B&M $144,410
    The First National Bank and Trust Company 321 Milwaukee Street Argyle, WI 53504 Full Service B&M $20,708
    The First National Bank and Trust Company 345 East Grand Avenue Beloit, WI 53511 Full Service B&M $196,489
    The First National Bank and Trust Company 500 North Elida Street Winnebago, IL 61088 Full Service B&M $53,653
    The First National Bank and Trust Company 500 Peck Drive Clinton, WI 53525 Full Service B&M $73,559
    The First National Bank and Trust Company 5360 Bridge St Roscoe, IL 61073 Full Service B&M $56,946
    The First National Bank and Trust Company Highway 50 And South Shore Drive Delavan Township, WI 53115 Full Service B&M $31,016
    The First National Bank and Trust Company Kenosha Street And Highway 67 Walworth, WI 53184 Full Service B&M $166,809

    For 2020, The First National Bank And Trust Company had 17 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $41,409
    Net interest income $37,047
    Total noninterest income $16,160
    Gross Fiduciary activities income $2,984
    Service charges on deposit accounts $3,433
    Trading account gains and fees $0
    Additional Noninterest Income $9,743
    Pre-tax net operating income $12,146
    Securities gains (or losses, -) $0
    Income before extraordinary items $9,413
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $9,413
    Minority interest net income $0
    Net income $9,413
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $9,413

    The First National Bank And Trust Company's gross interest income from loans was $41,409,000.
    The First National Bank And Trust Company's net interest income from loans was $37,047,000.
    The First National Bank And Trust Company's fee based income from loans was $3,433,000.
    The First National Bank And Trust Company's net income from loans was $9,413,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,362
    Provision for credit losses $1,439
    Total noninterest expense $39,622
    Salaries and employee benefits $23,019
    Premises and equipment expense $4,983
    Additional noninterest expense $11,620
    Applicable income taxes $2,733
    Net charge-offs $264
    Cash dividends $4,740

    The First National Bank And Trust Company's interest expense for loans was $4,362,000.
    The First National Bank And Trust Company's payroll and benefits expense were $23,019,000.
    The First National Bank And Trust Company's property, plant and equipment expenses $4,983,000.

    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 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 $1,249,833
    Deposits held in domestic offices $1,249,833
    Deposits by Individuals, partnerships, and corporations $1,105,574
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $144,259
    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 $120,226
    Demand deposits $71,330
    Nontransaction accounts $1,129,607
    Money market deposit accounts (MMDAs) $179,001
    Other savings deposits (excluding MMDAs) $800,425
    Total time deposits $150,181
    Total time and savings deposits $1,178,503
    Noninterest-bearing deposits $384,835
    Interest-bearing deposits $864,998
    Retail deposits $1,214,878
    IRAs and Keogh plan accounts $25,489
    Brokered deposits $250
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,412,929
    Cash & Balances due from depository institutions $128,683
    Interest-bearing balances $92,028
    Total securities $302,545
    Federal funds sold & reverse repurchase $21,932
    Net loans and leases $867,356
    Loan and leases loss allowance $10,763
    Trading account assets $0
    Bank premises and fixed assets $22,522
    Other real estate owned $145
    Goodwill and other intangibles $28,202
    All other assets $41,544

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,412,929
    Total Liabilities $1,271,874
    Total deposits $1,249,833
    Interest-bearing deposits $864,998
    Deposits held in domestic offices $1,249,833
    % insured (estimated) $75
    Federal funds purchased and repurchase agreements $8,077
    Trading liabilities $0
    Other borrowed funds $9,000
    Subordinated debt $0
    All other liabilities $4,964

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $867,356
    Loan and leases loss allowance $10,763
    Total loans and leases (domestic) $878,119
    All real estate loans $675,220
    Real estate loans in domestic offices $675,220
    Construction and development loans $59,408
    Residential 1-4 family construction $6,977
    Other construction, all land development and other land $52,431
    Loans secured by nonfarm nonresidential properties $318,664
    Nonfarm nonresidential secured by owner-occupied properties $123,756
    Commercial real estate & other non-farm, non-residential $194,908
    Multifamily residential real estate $30,985
    1-4 family residential loans $212,275
    Farmland loans $53,888
    Loans held in foreign offices $0
    Farm loans $22,786
    Commercial and industrial loans $160,113
    To non-U.S. addressees $0
    Loans to individuals $10,183
    Credit card loans $1,886
    Related Plans $341
    Consumer Auto Loans $3,488
    Other loans to individuals $4,468
    All other loans & leases $10,764
    Loans to foreign governments and official institutions $0
    Other loans $2,906
    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 $9,963
    Non 1-4 family restructured loans & leases $7,084
    Total loans and leases (foreign) $0

    The First National Bank and Trust Company had $867,356,000 of loans outstanding in 2020. $675,220,000 of loans were in real estate loans. $59,408,000 of loans were in development loans. $30,985,000 of loans were in multifamily mortgage loans. $212,275,000 of loans were in 1-4 family mortgage loans. $22,786,000 of loans were in farm loans. $1,886,000 of loans were in credit card loans. $3,488,000 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 402 $93,353 $232,221
    Nonfarm, nonresidential loans - <$100k 78 $4,153 $53,244
    Nonfarm, nonresidential loans - $100-250k 141 $20,061 $142,277
    Nonfarm, nonresidential loans - $250k-1MM 183 $69,139 $377,809
    Commercial & Industrial, US addressed loans - <$1MM 923 $70,303 $76,168
    Commercial & Industrial, US addressed loans - <$100k 632 $16,753 $26,508
    Commercial & Industrial, US addressed loans - $100-250k 153 $14,780 $96,601
    Commercial & Industrial, US addressed loans - $250k-1MM 138 $38,770 $280,942
    Farmland loans - <$1MM 102 $13,250 $129,902
    Farmland loans - <$100k 28 $1,268 $45,286
    Farmland loans - $100-250k 38 $3,541 $93,184
    Farmland loans - $250k-1MM 36 $8,441 $234,472
    Agriculture operations loans - <$1MM 179 $11,418 $63,788
    Agriculture operations loans - <$100k 106 $2,900 $27,358
    Agriculture operations loans - $100-250k 48 $4,424 $92,167
    Agriculture operations loans - $250k-1MM 25 $4,094 $163,760