First Bank & Trust Il Mortgage Rates, Fees & Info

Paris, IL

LEI: 5493004LYTYKEPLX5T06

Tax ID: 37-0258285

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

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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)

    • Review & Overview

    First Bank & Trust Il is a smaller bank specializing in Home Purchase and Refi loans. First Bank & Trust Il has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Champaign, Terre Haute, Danville, Effingham, and Miami among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

    First Bank & Trust Il has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. First Bank & Trust Il 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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    Originations

    240

    Origination Dollar Volume (All Markets)

    $26,930,000
    Show all (5) 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
    CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 96 $11,900,000 $123,958 $1,317 4.79%
    Outside of Metro Areas 118 $10,570,000 $89,576 $1,287 4.65%
    TERRE HAUTE, IN (FHA|USDA|VA) 14 $1,690,000 $120,714 $1,466 4.80%
    DANVILLE, IL (FHA|USDA|VA) 7 $1,605,000 $229,286 $1,472 4.48%
    Effingham, IL (FHA|USDA|VA) 1 $455,000 $455,000 $2,565 3.88%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $325,000 $325,000 $2,567 4.00%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $205,000 $205,000 $1,920 4.50%
    BLOOMINGTON, IL (FHA|USDA|VA) 1 $155,000 $155,000 $1,461 4.13%
    PEORIA, IL (FHA|USDA|VA) 1 $25,000 $25,000 $0 4.75%
    First Bank & Trust Il's top markets include Champaign, Terre Haute, Danville, Effingham, and Miami among others.

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

    • Similar Lenders

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

    First Bank & Trust IL
    Similarity Rank: 45
    The Fisher National Bank
    Similarity Rank: 90
    Paramount Bond & Mortgage Co Inc.
    Similarity Rank: 270
    UNIVERSITY OF ILLINOIS COMMUNITY
    Similarity Rank: 275
    Marine Bank
    Similarity Rank: 287
    Prospect Bank
    Similarity Rank: 308
    First Mid Bank & Trust
    Similarity Rank: 406
    Heartland Bank and Trust Company
    Similarity Rank: 432
    INB
    Similarity Rank: 731
    First Financial Bank
    Similarity Rank: 1110

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 231 $26,385,000 $114,221 $1,315 4.70%
    HELOC 5 $205,000 $41,000 n/a 4.60%
    USDA 4 $340,000 $85,000 $2,036 5.13%

    For 2018, First Bank & Trust Il's most frequently originated type of loan was Conventional, with 231 originations. Their 2nd most popular type was HELOC, with 5 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 116 $12,450,000 $107,328 $1,284 4.64%
    Refi 75 $9,245,000 $123,267 $1,417 4.78%
    Cash Out Refi 41 $4,675,000 $114,024 $1,505 4.73%
    Home Improvement 6 $270,000 $45,000 $1,291 4.96%
    Other 2 $290,000 $145,000 $1,284 4.44%

    For 2018, First Bank & Trust Il's most frequently cited loan purpose was Home Purchase, with 116 originations. The 2nd most popular reason was Refi, with 75 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 95 $10,205,000 $107,421 $1,182 4.84%
    30 Year 79 $9,675,000 $122,468 $1,354 4.64%
    15 Year 25 $2,955,000 $118,200 $1,398 4.27%
    Other 19 $1,535,000 $80,789 $0 4.82%
    20 Year 13 $525,000 $40,385 $1,181 4.75%
    5 Year 6 $420,000 $70,000 $0 4.75%
    1 Year 2 $170,000 $85,000 $0 4.75%
    3 Year 1 $1,445,000 $1,445,000 $0 4.30%

    For 2018, First Bank & Trust Il's most frequently cited loan duration was 10 Year, with 95 originations. The 2nd most popular length was 30 Year, with 79 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 111 $11,795,000 $106,261
    $1k-2k 2 $570,000 $285,000

    First Bank & Trust Il's average total fees were $1,354, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 111 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 197 $22,615,000 $114,797
    5-6% 24 $1,780,000 $74,167
    3-4% 17 $2,365,000 $139,118
    6-7% 2 $170,000 $85,000

    During 2018, First Bank & Trust Il's average interest rate for loans was 4.64%, while their most frequently originated rate bucket for loans was 4-5%, with 197 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 143 $7,865,000 $55,000 $1,258 4.79%
    $100k-200k 68 $8,860,000 $130,294 $1,350 4.59%
    $200k-400k 24 $6,270,000 $261,250 $1,579 4.60%
    $400k-600k 2 $910,000 $455,000 $2,565 4.06%
    $600k-1MM 2 $1,580,000 $790,000 $0 4.94%
    $1MM+ 1 $1,445,000 $1,445,000 $0 4.30%

    2018 saw First Bank & Trust Il place emphasis on $100,000 or less loans with 143 originations, totaling $7,865,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 34 $2,280,000 $67,059 $1,314 4.75%
    $100k-150k 32 $3,220,000 $100,625 $1,294 4.57%
    $50k-75k 25 $2,005,000 $80,200 $1,341 4.83%
    $250k+ 24 $2,450,000 $102,083 $1,402 4.71%
    $75k-100k 23 $2,755,000 $119,783 $1,390 4.58%
    $150k-250k 19 $2,995,000 $157,632 $1,388 4.42%

    First Bank & Trust Il lent most frequently to those with incomes in the $50k or less range, with 34 originations. The second most popular income band? $100k-150k, with 32 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 30 $3,410,000 $113,667 $1,417 4.44%
    30-36% 27 $2,235,000 $82,778 $1,310 4.62%
    <20% 20 $1,480,000 $74,000 $1,264 4.48%
    38% 8 $930,000 $116,250 $1,074 4.66%
    41% 5 $805,000 $161,000 $1,239 4.65%
    43% 4 $350,000 $87,500 $1,371 4.44%
    39% 4 $640,000 $160,000 $1,387 4.53%
    50-60% 3 $215,000 $71,667 $1,287 4.75%
    37% 3 $315,000 $105,000 $1,500 4.96%
    40% 3 $375,000 $125,000 $1,667 4.96%
    42% 2 $180,000 $90,000 $1,258 4.88%
    44% 2 $200,000 $100,000 $1,177 4.63%
    48% 2 $400,000 $200,000 $1,340 5.06%
    36% 2 $360,000 $180,000 $931 4.50%
    47% 1 $285,000 $285,000 $1,820 4.50%
    49% 1 $325,000 $325,000 $2,567 4.00%
    45% 1 $125,000 $125,000 $1,726 4.50%
    46% 1 $135,000 $135,000 $1,004 4.50%

    First Bank & Trust Il lent most frequently to those with DTI ratios of 20-30%, with 30 originations. The next most common DTI ratio? 30-36%, with 27 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 163 $17,235,000 $105,736 $1,348 4.65%
    Not applicable 71 $9,185,000 $129,366 $0 4.81%
    Black 4 $330,000 $82,500 $1,096 5.03%
    American Indian 1 $115,000 $115,000 $0 5.00%
    Asian 1 $65,000 $65,000 $1,194 4.13%

    Approval Rates

    Total approvals of all applications
    92.50%

    First Bank & Trust Il has an average approval rate.

    Pick Rate

    Approvals leading to origination
    92.08%

    First Bank & Trust Il has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 240 $26,930,000 $112,208

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 27 $5,695,000 $210,926
    Single Family (1-4 Units):Manufactured 8 $470,000 $58,750
    Single Family (1-4 Units):Site-Built 205 $20,765,000 $101,293

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 16 $1,290,000 $80,625 $1,218 4.57%
    40-60% 36 $3,070,000 $85,278 $1,323 4.80%
    60-80% 94 $12,440,000 $132,340 $1,445 4.72%
    80-100% 83 $9,205,000 $110,904 $1,323 4.67%
    Over 100% 1 $65,000 $65,000 $0 5.00%
    Under 20% 10 $860,000 $86,000 $706 4.75%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Incorrect information on your report 1 7.1%
    FIRST HORIZON BANK Other type of mortgage Trouble during payment process 1 7.1%
    FIRST HORIZON BANK Conventional home mortgage Trouble during payment process 5 35.7%
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Problem with a credit reporting company's investigation into an existing problem 1 7.1%
    FIRST HORIZON BANK Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 7.1%
    FIRST HORIZON BANK FHA mortgage Trouble during payment process 1 7.1%
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Trouble during payment process 1 7.1%
    FIRST HORIZON BANK Conventional home mortgage Struggling to pay mortgage 3 21.4%