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, 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 by origination volume include: Whitewater, Janesville, Rockford, Madison, and Chicago among others. We have data for 23 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

    1,033

    Origination Dollar Volume (All Markets)

    $205,035,000

    Employee count

    272 Show all (6) 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) 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.

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

    First Savings Bank of Hegewisch
    Similarity Rank: 45
    Liberty Bank for Savings
    Similarity Rank: 153
    Rock Valley Credit Union
    Similarity Rank: 196
    DMB Community Bank
    Similarity Rank: 400
    Dane County Credit Union
    Similarity Rank: 531
    NORTHWESTERN MUTUAL
    Similarity Rank: 670
    Monona Bank
    Similarity Rank: 793
    AMERITRUST MORTGAGE CORPORATION
    Similarity Rank: 861
    Starion Bank
    Similarity Rank: 900
    Badger Bank
    Similarity Rank: 913

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,029 $204,435,000 $198,673 $1,684 3.20%
    USDA 4 $600,000 $150,000 $3,812 3.16%

    For 2021, The First National Bank And Trust Company's most frequently originated type of loan was Conventional, with 1,029 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 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 2021, The First National Bank And Trust Company's most frequently cited loan purpose was Home Purchase, with 322 originations. The 2nd most popular reason was 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 2021, The First National Bank And Trust Company's most frequently cited loan duration was 30 Year, with 536 originations. The 2nd most popular length was 15 Year, with 266 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost 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

    The First National Bank And Trust Company's average total fees were $2,097, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.26%, while their most frequently originated rate bucket for loans was 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
    88.19%

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

    Pick Rate

    Approvals leading to origination
    87.42%

    The First National Bank And Trust Company has an 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 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 190 East Geneva Street Elkhorn, WI 53121 Full Service B&M $27,896
    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
    The First National Bank and Trust Company Kenosha Street And Highway 67 Walworth, WI 53184 Full Service B&M $181,280

    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