First National Bank And Trust Company Of Ardmore Mortgage Rates, Fees & Info

Ardmore, OK

LEI: 54930080KJR5G1HZVI89

Tax ID: 73-0130930

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

Review & Overview

First National Bank And Trust Company Of Ardmore is a smaller bank specializing in Home Purchase and Refi loans. First National Bank And Trust Company Of Ardmore has a high proportion of conventional loans. Their top markets by origination volume include: Ardmore, Oklahoma City, Duncan, Stillwater, and Durant among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

First National Bank And Trust Company Of Ardmore 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.

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Originations

118

Origination Dollar Volume (All Markets)

$13,470,000

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
Ardmore, OK (FHA\|USDA\|VA)	70	$7,810,000	$111,571	$0	0.00%
OKLAHOMA CITY, OK (FHA\|USDA\|VA)	11	$1,985,000	$180,455	$0	0.00%
Duncan, OK (FHA\|USDA\|VA)	15	$1,885,000	$125,667	$0	0.00%
Outside of Metro Areas	20	$1,530,000	$76,500	$0	0.00%
Stillwater, OK (FHA\|USDA\|VA)	1	$165,000	$165,000	$0	0.00%
Durant, OK (FHA\|USDA\|VA)	1	$95,000	$95,000	$0	0.00%

First National Bank And Trust Company Of Ardmore's top markets include Ardmore, Oklahoma City, Duncan, Stillwater, and Durant among others.

Their top states include:

Oklahoma (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	118	$13,470,000	$114,153	$0	0.00%

For 2019, First National Bank And Trust Company Of Ardmore's most frequently originated type of loan was Conventional, with 118 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	59	$6,975,000	$118,220	$0	0.00%
Refi	44	$5,390,000	$122,500	$0	0.00%
Home Improvement	10	$720,000	$72,000	$0	0.00%
Other	5	$385,000	$77,000	$0	0.00%

For 2019, First National Bank And Trust Company Of Ardmore's most frequently cited loan purpose was Home Purchase, with 59 originations. The 2nd most popular reason was Refi, with 44 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	118	$13,470,000	$114,153	$0	0.00%

For 2019, First National Bank And Trust Company Of Ardmore's most frequently cited loan duration was Other, with 118 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	68	$3,630,000	$53,382	$0	0.00%
$100k-200k	32	$4,790,000	$149,688	$0	0.00%
$200k-400k	17	$4,415,000	$259,706	$0	0.00%
$600k-1MM	1	$635,000	$635,000	$0	0.00%

2019 saw First National Bank And Trust Company Of Ardmore place emphasis on $100,000 or less loans with 68 originations, totaling $3,630,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k or less	29	$1,755,000	$60,517	$0	0.00%
$50k-75k	25	$2,265,000	$90,600	$0	0.00%
$100k-150k	16	$2,220,000	$138,750	$0	0.00%
$150k-250k	11	$2,435,000	$221,364	$0	0.00%
$75k-100k	11	$1,275,000	$115,909	$0	0.00%
$250k+	8	$1,730,000	$216,250	$0	0.00%

First National Bank And Trust Company Of Ardmore lent most frequently to those with incomes in the $50k or less range, with 29 originations. The second most popular income band? $50k-75k, with 25 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	118	$13,470,000	$114,153	$0	0.00%

First National Bank And Trust Company Of Ardmore lent most frequently to those with DTI ratios of Exempt%, with 118 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	82	$9,610,000	$117,195	$0	0.00%
American Indian	19	$2,475,000	$130,263	$0	0.00%
Not applicable	15	$1,335,000	$89,000	$0	0.00%
Other Asian	1	$25,000	$25,000	$0	0.00%
Black	1	$25,000	$25,000	$0	0.00%

Approval Rates

Total approvals of all applications
89.61%

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

Pick Rate

Approvals leading to origination
83.05%

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

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	118	$13,470,000	$114,153

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	2	$390,000	$195,000
Single Family (1-4 Units):Manufactured	21	$1,415,000	$67,381
Single Family (1-4 Units):Site-Built	95	$11,665,000	$122,789

Complaints

Bank Name	Product	Issue	2019 CPFB Complaints	% of Total Issues
FIRST NATIONAL BANK OF OMAHA	Conventional home mortgage	Closing on a mortgage	2	33.3%
FIRST NATIONAL BANK OF OMAHA	Conventional home mortgage	Struggling to pay mortgage	1	16.7%
FIRST NATIONAL BANK OF OMAHA	Conventional home mortgage	Trouble during payment process	3	50.0%