First International Bank & Trust Mortgage Rates, Fees & Info

Watford City, ND

LEI: 5493002LPXKMOZNXUY90

Tax ID: 45-0134280

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
  • Complaints
  • 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

    First International Bank & Trust is a smaller bank specializing in Home Purchase and Refi loans. First International Bank & Trust has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Fargo, Phoenix, Bismarck, Minot, and Williston among others. We have data for 61 markets. (Some data included below & more in-depth data is available with an active subscription.)

    First International Bank & Trust 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. First International Bank & Trust 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
    Home Equity Line of Credit (HELOC) 6.63% 4/22/24
    30 Year Conventional Purchase 6.59% 4/22/24
    30 Year Conventional Refi 6.52% 4/22/24
    30 Year Cash-out Refi 6.72% 4/22/24
    30 Year FHA Purchase 7.35% 4/22/24
    30 Year FHA Refi 6.99% 4/22/24
    30 Year VA Purchase 6.09% 4/22/24
    30 Year VA Refi 5.89% 4/22/24
    30 Year USDA Purchase 6.60% 4/22/24
    15 Year Conventional Purchase 6.12% 4/22/24
    15 Year Conventional Refi 6.12% 4/22/24
    15 Year Cash-out Refi 6.12% 4/22/24
    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.

    First International Bank & Trust Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from First International Bank & Trust. 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

    2,023

    Origination Dollar Volume (All Markets)

    $657,805,000

    Employee count

    652 Show all (11) 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
    FARGO, ND-MN (FHA|USDA|VA) 634 $189,720,000 $299,243 $3,060 3.18%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 289 $164,185,000 $568,114 $5,508 3.72%
    BISMARCK, ND (FHA|USDA|VA) 299 $80,635,000 $269,682 $3,130 3.20%
    Outside of Metro Areas 280 $67,140,000 $239,786 $3,207 3.43%
    Minot, ND (FHA|USDA|VA) 225 $50,465,000 $224,289 $2,694 3.19%
    Williston, ND (FHA|USDA|VA) 82 $26,480,000 $322,927 $3,319 3.56%
    Fergus Falls, MN (FHA|USDA|VA) 37 $16,215,000 $438,243 $4,263 3.10%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $14,005,000 $14,005,000 $176,676 3.88%
    GRAND FORKS, ND-MN (FHA|USDA|VA) 60 $13,700,000 $228,333 $2,647 3.40%
    Show Low, AZ (FHA|USDA|VA) 5 $4,685,000 $937,000 $6,597 3.92%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 16 $3,890,000 $243,125 $2,285 3.76%
    Wahpeton, ND-MN (FHA|USDA|VA) 10 $3,000,000 $300,000 $3,232 3.36%
    FLAGSTAFF, AZ (FHA|USDA|VA) 6 $2,440,000 $406,667 $6,149 3.44%
    Brainerd, MN (FHA|USDA|VA) 8 $1,540,000 $192,500 $2,274 4.23%
    PANAMA CITY, FL (FHA|USDA|VA) 6 $1,390,000 $231,667 $4,232 3.50%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $1,205,000 $1,205,000 $21,054 4.50%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 3 $1,175,000 $391,667 $4,053 3.04%
    Dickinson, ND (FHA|USDA|VA) 4 $890,000 $222,500 $1,986 3.51%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 3 $885,000 $295,000 $4,166 3.92%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 2 $850,000 $425,000 $3,759 4.00%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 2 $720,000 $360,000 $4,669 3.69%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $685,000 $685,000 $4,756 2.75%
    Payson, AZ (FHA|USDA|VA) 2 $670,000 $335,000 $5,665 2.88%
    SIOUX FALLS, SD (FHA|USDA|VA) 2 $660,000 $330,000 $2,671 3.19%
    Bozeman, MT (FHA|USDA|VA) 2 $540,000 $270,000 $4,705 3.13%
    Kalispell, MT (FHA|USDA|VA) 2 $530,000 $265,000 $2,434 3.25%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $515,000 $515,000 $3,043 3.38%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $505,000 $505,000 $5,888 4.25%
    TUCSON, AZ (FHA|USDA|VA) 2 $490,000 $245,000 $1,815 2.94%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $475,000 $475,000 $2,078 3.38%
    Jamestown, ND (FHA|USDA|VA) 3 $475,000 $158,333 $2,580 3.46%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $455,000 $455,000 $3,153 2.38%
    FORT COLLINS, CO (FHA|USDA|VA) 1 $445,000 $445,000 $1,945 2.38%
    Rock Springs, WY (FHA|USDA|VA) 2 $440,000 $220,000 $2,404 2.94%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $430,000 $215,000 $3,209 3.25%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $405,000 $405,000 $3,735 2.88%
    RAPID CITY, SD (FHA|USDA|VA) 1 $385,000 $385,000 $15,105 2.50%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $345,000 $345,000 $4,858 3.13%
    Grand Rapids, MN (FHA|USDA|VA) 1 $325,000 $325,000 $2,355 3.13%
    MADISON, WI (FHA|USDA|VA) 1 $305,000 $305,000 $7,906 2.75%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $285,000 $285,000 $7,033 4.38%
    Alexandria, MN (FHA|USDA|VA) 1 $265,000 $265,000 $2,931 3.13%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $245,000 $245,000 $4,735 3.25%
    RENO, NV (FHA|USDA|VA) 1 $235,000 $235,000 $2,474 2.75%
    MANKATO, MN (FHA|USDA|VA) 1 $205,000 $205,000 $4,303 3.63%
    CARSON CITY, NV (FHA|USDA|VA) 1 $195,000 $195,000 $1,611 3.00%
    ST. CLOUD, MN (FHA|USDA|VA) 1 $185,000 $185,000 $1,723 2.38%
    GREELEY, CO (FHA|USDA|VA) 1 $185,000 $185,000 $3,431 2.75%
    DULUTH, MN-WI (FHA|USDA|VA) 1 $175,000 $175,000 $2,206 3.00%
    Gallup, NM (FHA|USDA|VA) 1 $165,000 $165,000 $2,471 2.88%
    TOLEDO, OH (FHA|USDA|VA) 1 $165,000 $165,000 $2,738 2.63%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 2 $160,000 $80,000 $1,704 3.88%
    CASPER, WY (FHA|USDA|VA) 1 $155,000 $155,000 $1,386 2.88%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $145,000 $145,000 $1,441 3.25%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $145,000 $145,000 $1,914 3.00%
    Española, NM (FHA|USDA|VA) 1 $135,000 $135,000 $2,428 2.63%
    Willmar, MN (FHA|USDA|VA) 1 $115,000 $115,000 $4,781 4.50%
    GRAND ISLAND, NE (FHA|USDA|VA) 1 $105,000 $105,000 $1,788 2.63%
    Riverton, WY (FHA|USDA|VA) 1 $95,000 $95,000 $2,141 2.88%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $75,000 $75,000 $670 3.63%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $75,000 $75,000 $0 5.00%
    First International Bank & Trust's top markets include Fargo, Phoenix, Bismarck, Minot, and Williston among others.

    Their top states include:
  • North Dakota (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • California (FHA|USDA|VA)

    • Similar Lenders

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

    WESTERN COOPERATIVE CREDIT UNION
    Similarity Rank: 112
    Unify Home Lending Inc.
    Similarity Rank: 192
    T & C REAL ESTATE SERVICES LLC
    Similarity Rank: 455
    Peoples Bank Midwest
    Similarity Rank: 608
    SIOUX FALLS
    Similarity Rank: 649
    BANKWEST, INC.
    Similarity Rank: 660
    BLUE BRICK FINANCIAL LLC
    Similarity Rank: 825
    CU MORTGAGE DIRECT, LLC
    Similarity Rank: 868
    Liberty Bank Minnesota
    Similarity Rank: 882
    Dacotah Bank
    Similarity Rank: 891

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,769 $594,495,000 $336,063 $3,388 3.36%
    FHA 131 $28,245,000 $215,611 $5,860 3.51%
    VA 102 $31,000,000 $303,922 $5,421 2.72%
    USDA 21 $4,065,000 $193,571 $3,116 3.13%

    For 2020, First International Bank & Trust's most frequently originated type of loan was Conventional, with 1,769 originations. Their 2nd most popular type was FHA, with 131 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 902 $331,780,000 $367,827 $4,317 3.51%
    Refi 757 $209,185,000 $276,334 $2,733 3.00%
    Cash Out Refi 307 $105,505,000 $343,664 $4,179 3.40%
    Other 32 $9,010,000 $281,563 $3,136 4.23%
    Home Improvement 25 $2,325,000 $93,000 $837 5.20%

    For 2020, First International Bank & Trust's most frequently cited loan purpose was Home Purchase, with 902 originations. The 2nd most popular reason was Refi, with 757 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,404 $432,770,000 $308,241 $3,749 3.30%
    15 Year 330 $100,670,000 $305,061 $3,634 2.87%
    20 Year 142 $36,400,000 $256,338 $2,779 3.66%
    Other 65 $22,775,000 $350,385 $1,938 4.13%
    10 Year 49 $47,565,000 $970,714 $1,704 4.37%
    5 Year 23 $16,425,000 $714,130 $638 4.66%
    1 Year 9 $1,075,000 $119,444 $0 5.32%
    3 Year 1 $125,000 $125,000 $0 5.15%

    For 2020, First International Bank & Trust's most frequently cited loan duration was 30 Year, with 1,404 originations. The 2nd most popular length was 15 Year, with 330 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,072 $257,070,000 $239,804
    $1k-2k 399 $108,645,000 $272,293
    $2k-3k 166 $44,000,000 $265,060
    $5k+ 88 $97,850,000 $1,111,932
    $3k-4k 80 $25,190,000 $314,875
    $4k-5k 47 $17,105,000 $363,936

    First International Bank & Trust's average total fees were $3,749, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,072 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 813 $220,995,000 $271,827
    3-4% 706 $264,850,000 $375,142
    4-5% 225 $96,935,000 $430,822
    <2.5% 190 $51,850,000 $272,895
    5-6% 65 $20,115,000 $309,462
    6-7% 21 $2,705,000 $128,810
    7-8% 2 $290,000 $145,000
    Over 8% 1 $65,000 $65,000

    During 2020, First International Bank & Trust's average interest rate for loans was 3.30%, while their most frequently originated rate bucket for loans was 2.5-3%, with 813 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,005 $283,935,000 $282,522 $3,212 3.14%
    $100k-200k 573 $90,055,000 $157,164 $2,375 3.30%
    $400k-600k 229 $107,245,000 $468,319 $4,377 3.21%
    $100,000 or less 136 $8,410,000 $61,838 $1,440 4.52%
    $1MM+ 43 $140,515,000 $3,267,791 $27,680 4.33%
    $600k-1MM 37 $27,645,000 $747,162 $10,820 4.44%

    2020 saw First International Bank & Trust place emphasis on $200k-400k loans with 1,005 originations, totaling $283,935,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 458 $132,130,000 $288,493 $3,426 3.25%
    $50k-75k 332 $65,930,000 $198,584 $2,814 3.27%
    $75k-100k 321 $75,905,000 $236,464 $2,956 3.25%
    $150k-250k 261 $90,365,000 $346,226 $3,871 3.32%
    $50k or less 184 $28,150,000 $152,989 $2,102 3.33%
    $250k+ 183 $125,015,000 $683,142 $8,261 3.67%

    First International Bank & Trust lent most frequently to those with incomes in the $100k-150k range, with 458 originations. The second most popular income band? $50k-75k, with 332 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 480 $127,670,000 $265,979 $3,186 3.17%
    30-36% 377 $106,005,000 $281,180 $3,174 3.23%
    <20% 178 $67,700,000 $380,337 $4,464 3.20%
    44% 87 $27,125,000 $311,782 $4,274 3.44%
    42% 72 $20,330,000 $282,361 $3,798 3.20%
    37% 69 $22,805,000 $330,507 $3,880 3.32%
    40% 65 $19,075,000 $293,462 $3,593 3.38%
    41% 59 $16,895,000 $286,356 $3,484 3.20%
    43% 59 $17,265,000 $292,627 $3,771 3.34%
    36% 57 $18,685,000 $327,807 $3,592 3.21%
    39% 55 $13,385,000 $243,364 $2,645 3.33%
    38% 53 $15,075,000 $284,434 $3,438 3.40%
    45% 48 $11,450,000 $238,542 $2,948 3.35%
    46% 48 $13,110,000 $273,125 $3,033 3.32%
    50-60% 46 $21,360,000 $464,348 $9,884 3.87%
    48% 44 $11,910,000 $270,682 $3,260 3.26%
    49% 40 $10,910,000 $272,750 $4,222 3.57%
    47% 32 $8,710,000 $272,188 $4,455 3.21%
    >60% 9 $3,825,000 $425,000 $8,322 4.66%

    First International Bank & Trust lent most frequently to those with DTI ratios of 20-30%, with 480 originations. The next most common DTI ratio? 30-36%, with 377 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,752 $471,620,000 $269,189 $3,238 3.25%
    Not applicable 82 $88,200,000 $1,075,610 $0 4.56%
    Not provided 141 $85,085,000 $603,440 $7,751 3.58%
    Asian 18 $4,590,000 $255,000 $3,750 3.55%
    Black 15 $4,115,000 $274,333 $4,286 3.30%
    American Indian 12 $3,330,000 $277,500 $4,249 3.28%
    Native Hawaiian or Islander 2 $540,000 $270,000 $8,421 3.43%
    Native Hawaiian 1 $325,000 $325,000 $0 5.00%

    Approval Rates

    Total approvals of all applications
    96.52%

    First International Bank & Trust has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    83.59%

    First International Bank & Trust has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,023 $657,805,000 $325,163

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 2 $4,740,000 $2,370,000
    Multifamily:Site-Built 31 $76,285,000 $2,460,806
    Single Family (1-4 Units):Manufactured 12 $1,770,000 $147,500
    Single Family (1-4 Units):Site-Built 1,978 $575,010,000 $290,703

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 74 $11,990,000 $162,027 $2,303 3.61%
    40-60% 268 $88,480,000 $330,149 $3,122 3.09%
    60-80% 820 $317,590,000 $387,305 $3,860 3.37%
    80-100% 795 $230,965,000 $290,522 $3,539 3.25%
    Over 100% 21 $6,415,000 $305,476 $10,376 2.91%
    Under 20% 44 $2,290,000 $52,045 $661 5.22%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    FIRST NATIONAL BANK OF OMAHA Conventional home mortgage Struggling to pay mortgage 2 28.6%
    FIRST NATIONAL BANK OF OMAHA Other type of mortgage Trouble during payment process 1 14.3%
    FIRST NATIONAL BANK OF OMAHA FHA mortgage Struggling to pay mortgage 1 14.3%
    FIRST NATIONAL BANK OF OMAHA Conventional home mortgage Trouble during payment process 2 28.6%
    FIRST NATIONAL BANK OF OMAHA Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 14.3%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    First International Bank & Trust 100 North Main Street Watford City, ND 58854 Full Service B&M $730,471
    First International Bank & Trust 111 N.E. Fourth Street Staples, MN 56479 Full Service B&M $88,085
    First International Bank & Trust 1331 9th Avenue Nw Williston, ND 58801 Full Service B&M $262,028
    First International Bank & Trust 1350 13th Avenue East West Fargo, ND 58078 Full Service B&M $195,650
    First International Bank & Trust 143 Warrington Avenue Bowdon, ND 58418 Full Service B&M $3,034
    First International Bank & Trust 150 16th Street Sw Minot, ND 58701 Full Service B&M $59,506
    First International Bank & Trust 1600 South Broadway Minot, ND 58702 Full Service B&M $336,433
    First International Bank & Trust 1601 North 12th Street Bismarck, ND 58501 Full Service B&M $220,534
    First International Bank & Trust 1628 North Higley Road Gilbert, AZ 85234 Full Service B&M $200,296
    First International Bank & Trust 19 Fourth Street E Williston, ND 58801 Full Service B&M $41,098
    First International Bank & Trust 1970 South Columbia Road Suite 110 Grand Forks, ND 58201 Full Service B&M $63,620
    First International Bank & Trust 204 North Main Elgin, ND 58533 Full Service B&M $43,174
    First International Bank & Trust 215 Highway 2 Sw Rugby, ND 58368 Full Service B&M $37,692
    First International Bank & Trust 2150 21st Ave Nw Minot, ND 58701 Full Service B&M $70,049
    First International Bank & Trust 2231 East Camelback Road, Suite #107 Phoenix, AZ 85016 Full Service B&M $68,087
    First International Bank & Trust 300 West 11th Street Williston, ND 58801 Full Service B&M $22,178
    First International Bank & Trust 3001 25th Street South Fargo, ND 58103 Full Service B&M $432,172
    First International Bank & Trust 3101 North Broadway Fargo, ND 58102 Full Service B&M $17,820
    First International Bank & Trust 313 Fox Hills Parkway North Watford City, ND 58854 Full Service B&M $43,732
    First International Bank & Trust 4501 40th Avenue South Fargo, ND 58104 Full Service B&M $92,140
    First International Bank & Trust 6025 W. Chandler Boulevard Chandler, AZ 85226 Full Service B&M $14,660
    First International Bank & Trust 616 Oak Street Alexander, ND 58831 Full Service B&M $30,380
    First International Bank & Trust 78 South Main Street Fessenden, ND 58438 Full Service B&M $52,500
    First International Bank & Trust 7900 East Raintree Drive Scottsdale, AZ 85260 Full Service B&M $47,511
    First International Bank & Trust 800 30th Avenue South Moorhead, MN 56560 Full Service B&M $93,183
    First International Bank & Trust 910 Lincoln Avenue Harvey, ND 58341 Full Service B&M $69,981
    First International Bank & Trust Central And High Streets Killdeer, ND 58640 Full Service B&M $87,804
    First International Bank & Trust Highway 10 And Beaulieu Street Motley, MN 56466 Limited, Drive-thru $16,598

    For 2020, First International Bank & Trust had 28 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $163,198
    Net interest income $141,960
    Total noninterest income $62,388
    Gross Fiduciary activities income $5,830
    Service charges on deposit accounts $3,088
    Trading account gains and fees $0
    Additional Noninterest Income $53,470
    Pre-tax net operating income $63,078
    Securities gains (or losses, -) $14
    Income before extraordinary items $63,092
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $63,092
    Minority interest net income $0
    Net income $63,092
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $63,078

    First International Bank & Trust's gross interest income from loans was $163,198,000.
    First International Bank & Trust's net interest income from loans was $141,960,000.
    First International Bank & Trust's fee based income from loans was $3,088,000.
    First International Bank & Trust's net income from loans was $63,092,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $21,238
    Provision for credit losses $9,369
    Total noninterest expense $131,901
    Salaries and employee benefits $70,860
    Premises and equipment expense $21,817
    Additional noninterest expense $39,224
    Applicable income taxes $0
    Net charge-offs $5,251
    Cash dividends $23,850

    First International Bank & Trust's interest expense for loans was $21,238,000.
    First International Bank & Trust's payroll and benefits expense were $70,860,000.
    First International Bank & Trust's property, plant and equipment expenses $21,817,000.

    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 1.0%
    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 0.0%
    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 $3,623,938
    Deposits held in domestic offices $3,623,938
    Deposits by Individuals, partnerships, and corporations $3,030,888
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $584,482
    Deposits by Commercial banks and other depository institutions in U.S. $8,568
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $817,352
    Demand deposits $751,747
    Nontransaction accounts $2,806,586
    Money market deposit accounts (MMDAs) $781,036
    Other savings deposits (excluding MMDAs) $1,595,715
    Total time deposits $429,835
    Total time and savings deposits $2,872,191
    Noninterest-bearing deposits $883,866
    Interest-bearing deposits $2,740,072
    Retail deposits $3,444,711
    IRAs and Keogh plan accounts $28,295
    Brokered deposits $20,007
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $4,165,761
    Cash & Balances due from depository institutions $511,323
    Interest-bearing balances $454,634
    Total securities $577,271
    Federal funds sold & reverse repurchase $0
    Net loans and leases $2,842,970
    Loan and leases loss allowance $27,964
    Trading account assets $0
    Bank premises and fixed assets $135,030
    Other real estate owned $4,131
    Goodwill and other intangibles $20,067
    All other assets $74,969

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $4,165,761
    Total Liabilities $3,798,375
    Total deposits $3,623,938
    Interest-bearing deposits $2,740,072
    Deposits held in domestic offices $3,623,938
    % insured (estimated) $86
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $156,000
    Subordinated debt $0
    All other liabilities $18,437

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $2,842,970
    Loan and leases loss allowance $27,964
    Total loans and leases (domestic) $2,870,934
    All real estate loans $1,883,824
    Real estate loans in domestic offices $1,883,824
    Construction and development loans $310,229
    Residential 1-4 family construction $140,443
    Other construction, all land development and other land $169,786
    Loans secured by nonfarm nonresidential properties $786,751
    Nonfarm nonresidential secured by owner-occupied properties $299,490
    Commercial real estate & other non-farm, non-residential $487,261
    Multifamily residential real estate $176,409
    1-4 family residential loans $379,926
    Farmland loans $230,509
    Loans held in foreign offices $0
    Farm loans $179,875
    Commercial and industrial loans $698,782
    To non-U.S. addressees $0
    Loans to individuals $87,593
    Credit card loans $11,594
    Related Plans $1,281
    Consumer Auto Loans $31,363
    Other loans to individuals $43,355
    All other loans & leases $20,860
    Loans to foreign governments and official institutions $0
    Other loans $411
    Loans to depository institutions and acceptances of other banks $7,204
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $26,089
    Non 1-4 family restructured loans & leases $24,111
    Total loans and leases (foreign) $0

    First International Bank & Trust had $2,842,970,000 of loans outstanding in 2020. $1,883,824,000 of loans were in real estate loans. $310,229,000 of loans were in development loans. $176,409,000 of loans were in multifamily mortgage loans. $379,926,000 of loans were in 1-4 family mortgage loans. $179,875,000 of loans were in farm loans. $11,594,000 of loans were in credit card loans. $31,363,000 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 382 $93,132 $243,801
    Nonfarm, nonresidential loans - <$100k 73 $2,982 $40,849
    Nonfarm, nonresidential loans - $100-250k 132 $17,176 $130,121
    Nonfarm, nonresidential loans - $250k-1MM 177 $72,974 $412,282
    Commercial & Industrial, US addressed loans - <$1MM 3,759 $294,607 $78,374
    Commercial & Industrial, US addressed loans - <$100k 2,591 $61,654 $23,795
    Commercial & Industrial, US addressed loans - $100-250k 638 $67,787 $106,249
    Commercial & Industrial, US addressed loans - $250k-1MM 530 $165,166 $311,634
    Farmland loans - <$1MM 503 $66,816 $132,835
    Farmland loans - <$100k 168 $7,311 $43,518
    Farmland loans - $100-250k 215 $27,901 $129,772
    Farmland loans - $250k-1MM 120 $31,604 $263,367
    Agriculture operations loans - <$1MM 1,436 $87,583 $60,991
    Agriculture operations loans - <$100k 976 $21,947 $22,487
    Agriculture operations loans - $100-250k 284 $27,229 $95,877
    Agriculture operations loans - $250k-1MM 176 $38,407 $218,222