Corefirst Bank & Trust Mortgage Rates, Fees & Info

Topeka, KS

LEI: 5493009SXBJ8LKIU7Q54

Tax ID: 48-0649730

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

Review & Overview

Corefirst Bank & Trust is a smaller bank specializing in Home Purchase loans. Corefirst Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include: Topeka, Kansas City, Denver, Lawrence, and Manhattan among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

Corefirst Bank & Trust 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. Corefirst 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)	6.88%	12/16/24
30 Year Conventional Purchase	6.18%	12/16/24
30 Year Conventional Refi	6.12%	12/16/24
30 Year Cash-out Refi	6.18%	12/16/24
15 Year Conventional Purchase	5.56%	12/16/24
15 Year Conventional Refi	5.77%	12/16/24
15 Year Cash-out Refi	5.77%	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.

Corefirst Bank & Trust Mortgage Calculator

Purchase Price:

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% Deposit:

Interest Rate:

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Your Estimates

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

This is not an official calculator from Corefirst 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

297

Origination Dollar Volume (All Markets)

$36,235,000

Employee count

255

Awards

CoreFirst Bank & Trust 30 Year Conventional Loans gold

CoreFirst Bank & Trust 30 Year Conventional Loans silver

Show all (3) 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
TOPEKA, KS (FHA\|USDA\|VA)	254	$23,670,000	$93,189	$1,639	5.30%
KANSAS CITY, MO-KS (FHA\|USDA\|VA)	20	$9,100,000	$455,000	$1,901	5.05%
DENVER-AURORA-LAKEWOOD, CO (FHA\|USDA\|VA)	5	$1,795,000	$359,000	$1,109	5.21%
LAWRENCE, KS (FHA\|USDA\|VA)	7	$795,000	$113,571	$1,693	5.43%
MANHATTAN, KS (FHA\|USDA\|VA)	5	$425,000	$85,000	$1,867	5.13%
Emporia, KS (FHA\|USDA\|VA)	3	$185,000	$61,667	$1,893	5.50%
Outside of Metro Areas	2	$160,000	$80,000	$1,899	3.94%
Breckenridge, CO (FHA\|USDA\|VA)	1	$105,000	$105,000	$0	5.75%

Corefirst Bank & Trust's top markets include Topeka, Kansas City, Denver, Lawrence, and Manhattan among others.

Their top states include:

Kansas (FHA|USDA|VA)

Colorado (FHA|USDA|VA)

Missouri (FHA|USDA|VA)

Similar Lenders

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

Bank of the Flint Hills
Similarity Rank: 64

MAINSTREET FEDERAL CREDIT UNION
Similarity Rank: 68

CoreFirst Bank & Trust
Similarity Rank: 88

KCB Bank
Similarity Rank: 108

Azura Credit Union
Similarity Rank: 120

Citizens Savings and Loan Association, FSB
Similarity Rank: 146

Clay County Savings Bank
Similarity Rank: 148

UNITED CONSUMERS CREDIT UNION
Similarity Rank: 608

First State Bank and Trust
Similarity Rank: 680

Central Bank of Warrensburg
Similarity Rank: 819

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	174	$29,810,000	$171,322	$1,657	4.61%
HELOC	123	$6,425,000	$52,236	n/a	6.21%

For 2018, Corefirst Bank & Trust's most frequently originated type of loan was Conventional, with 174 originations. Their 2nd most popular type was HELOC, with 123 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	98	$18,630,000	$190,102	$1,793	4.66%
Other	58	$2,150,000	$37,069	$155	6.05%
Home Improvement	57	$3,085,000	$54,123	$986	6.12%
Cash Out Refi	50	$6,640,000	$132,800	$1,901	5.11%
Refi	34	$5,730,000	$168,529	$1,818	4.56%

For 2018, Corefirst Bank & Trust's most frequently cited loan purpose was Home Purchase, with 98 originations. The 2nd most popular reason was Other, with 58 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	131	$8,035,000	$61,336	$18	6.19%
30 Year	72	$13,110,000	$182,083	$1,877	4.44%
15 Year	38	$4,600,000	$121,053	$1,838	3.84%
5 Year	23	$6,495,000	$282,391	$3	5.72%
20 Year	16	$2,040,000	$127,500	$1,764	4.09%
10 Year	9	$735,000	$81,667	$941	5.75%
3 Year	6	$1,100,000	$183,333	$0	5.13%
1 Year	2	$120,000	$60,000	$0	5.75%

For 2018, Corefirst Bank & Trust's most frequently cited loan duration was Other, with 131 originations. The 2nd most popular length was 30 Year, with 72 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$<1k	140	$19,140,000	$136,714
$1k-2k	1	$1,005,000	$1,005,000

Corefirst Bank & Trust's average total fees were $1,877, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 140 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
5-6%	87	$10,545,000	$121,207
4-5%	81	$16,355,000	$201,914
6-7%	68	$2,920,000	$42,941
3-4%	54	$6,160,000	$114,074
7-8%	7	$255,000	$36,429

During 2018, Corefirst Bank & Trust's average interest rate for loans was 4.44%, while their most frequently originated rate bucket for loans was 5-6%, with 87 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	186	$8,250,000	$44,355	$1,360	5.63%
$100k-200k	60	$8,420,000	$140,333	$1,826	4.62%
$200k-400k	37	$10,015,000	$270,676	$1,966	4.65%
$400k-600k	8	$3,830,000	$478,750	$1,915	5.11%
$600k-1MM	4	$3,590,000	$897,500	$2,900	5.16%
$1MM+	2	$2,130,000	$1,065,000	$2,817	4.63%

2018 saw Corefirst Bank & Trust place emphasis on $100,000 or less loans with 186 originations, totaling $8,250,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k-75k	74	$6,540,000	$88,378	$1,626	5.10%
$50k or less	61	$2,805,000	$45,984	$1,623	5.31%
$100k-150k	52	$6,620,000	$127,308	$1,731	5.13%
$75k-100k	43	$3,985,000	$92,674	$1,907	5.47%
$150k-250k	17	$2,275,000	$133,824	$1,667	5.54%
$250k+	10	$3,350,000	$335,000	$1,942	5.53%

Corefirst Bank & Trust lent most frequently to those with incomes in the $50k-75k range, with 74 originations. The second most popular income band? $50k or less, with 61 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-30%	86	$8,920,000	$103,721	$1,805	5.16%
<20%	59	$5,105,000	$86,525	$1,726	5.26%
30-36%	55	$4,895,000	$89,000	$1,485	5.26%
36%	16	$2,230,000	$139,375	$1,730	4.95%
37%	14	$1,330,000	$95,000	$1,260	5.35%
41%	10	$1,480,000	$148,000	$2,130	5.26%
39%	9	$755,000	$83,889	$1,274	4.83%
42%	7	$685,000	$97,857	$1,121	5.88%
40%	5	$395,000	$79,000	$1,890	5.30%
38%	5	$365,000	$73,000	$1,683	5.80%
43%	2	$210,000	$105,000	$0	5.88%
45%	1	$355,000	$355,000	$0	5.25%

Corefirst Bank & Trust lent most frequently to those with DTI ratios of 20-30%, with 86 originations. The next most common DTI ratio? <20%, with 59 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	211	$20,755,000	$98,365	$1,657	5.23%
Not applicable	27	$9,405,000	$348,333	$0	5.71%
Not provided	46	$5,100,000	$110,870	$1,661	5.25%
Black	7	$395,000	$56,429	$1,397	5.29%
American Indian	2	$190,000	$95,000	$1,688	4.31%
Asian Indian	1	$185,000	$185,000	$2,138	3.63%
Filipino	1	$145,000	$145,000	$2,048	4.00%
Other Pacific Islander	1	$35,000	$35,000	$0	7.25%
Asian	1	$25,000	$25,000	$0	6.00%

Approval Rates

Total approvals of all applications
89.86%

Corefirst Bank & Trust has an average approval rate.

Pick Rate

Approvals leading to origination
78.11%

Corefirst Bank & Trust has a below average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
NA	297	$36,235,000	$122,003

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	8	$5,300,000	$662,500
Single Family (1-4 Units):Site-Built	289	$30,935,000	$107,042

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	67	$3,905,000	$58,284	$1,346	5.83%
40-60%	33	$3,275,000	$99,242	$1,833	5.13%
60-80%	77	$15,815,000	$205,390	$1,930	4.80%
80-100%	65	$11,355,000	$174,692	$1,789	4.61%
Under 20%	55	$1,885,000	$34,273	$121	6.14%

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
CoreFirst Bank & Trust	10130 E. Dry Creek Road Englewood, CO 80112	Full Service B&M	$9,303
CoreFirst Bank & Trust	1106 Sw Gage Blvd Topeka, KS 66604	Full Service B&M	$62,631
CoreFirst Bank & Trust	11875 South Ridgeview Road Olathe, KS 66061	Limited, Drive-thru	$3,779
CoreFirst Bank & Trust	16201 West 95th Street Lenexa, KS 66219	Full Service B&M	$22,400
CoreFirst Bank & Trust	2010 Nw Central Avenue Topeka, KS 66608	Full Service B&M	$47,622
CoreFirst Bank & Trust	2010 S.E. 29th Street Topeka, KS 66605	Full Service Retail	$17,685
CoreFirst Bank & Trust	2129 Southwest Wanamaker Road Topeka, KS 66614	Full Service B&M	$50,295
CoreFirst Bank & Trust	2841 Se Croco Rd Topeka, KS 66605	Full Service B&M	$33,842
CoreFirst Bank & Trust	3035 South Topeka Avenue Topeka, KS 66611	Full Service B&M	$173,833
CoreFirst Bank & Trust	3035 Sw Topeka Blvd Topeka, KS 66611	Full Service Cyber Office	$305
CoreFirst Bank & Trust	3701 Southwest Wanamaker Road Topeka, KS 66610	Full Service B&M	$66,443
CoreFirst Bank & Trust	4610 Nw Fielding Road Topeka, KS 66618	Limited, Drive-thru	$20,624
CoreFirst Bank & Trust	4900 Southwest 29th Street Topeka, KS 66614	Full Service B&M	$53,227
CoreFirst Bank & Trust	5311 Sw 22nd Place Topeka, KS 66614	Full Service Retail	$21,171
CoreFirst Bank & Trust	7430 Switzer St Shawnee, KS 66203	Full Service B&M	$7,937
CoreFirst Bank & Trust	830 South Kansas Avenue Topeka, KS 66612	Full Service B&M	$31,795

For 2018, Corefirst Bank & Trust had 16 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$36,494
Net interest income	$29,573
Total noninterest income	$11,563
Gross Fiduciary activities income	$3,360
Service charges on deposit accounts	$4,240
Trading account gains and fees	$0
Additional Noninterest Income	$3,963
Pre-tax net operating income	$8,860
Securities gains (or losses, -)	$0
Income before extraordinary items	$8,657
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$8,657
Minority interest net income	$0
Net income	$8,657
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$8,657

Corefirst Bank & Trust's gross interest income from loans was $36,494,000.
Corefirst Bank & Trust's net interest income from loans was $29,573,000.
Corefirst Bank & Trust's fee based income from loans was $4,240,000.
Corefirst Bank & Trust's net income from loans was $8,657,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$6,921
Provision for credit losses	$375
Total noninterest expense	$31,901
Salaries and employee benefits	$18,389
Premises and equipment expense	$3,886
Additional noninterest expense	$9,626
Applicable income taxes	$203
Net charge-offs	$885
Cash dividends	$7,791

Corefirst Bank & Trust's interest expense for loans was $6,921,000.
Corefirst Bank & Trust's payroll and benefits expense were $18,389,000.
Corefirst Bank & Trust's property, plant and equipment expenses $3,886,000.

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	1.0%
HELOC loans	1.0%
All other family	1.0%
Commercial & industrial loans	0.0%
Personal loans	1.0%
Credit card loans	0.0%
Other individual loans	1.0%
Auto loans	0.0%
Other consumer loans	1.0%
Unsecured commercial real estate loans	0.0%

Deposits

Type	Value (in 000's)
Total deposits	$609,647
Deposits held in domestic offices	$609,647
Deposits by Individuals, partnerships, and corporations	$590,301
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$19,326
Deposits by Commercial banks and other depository institutions in U.S.	$20
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$89,598
Demand deposits	$49,192
Nontransaction accounts	$520,049
Money market deposit accounts (MMDAs)	$167,516
Other savings deposits (excluding MMDAs)	$292,677
Total time deposits	$59,856
Total time and savings deposits	$560,455
Noninterest-bearing deposits	$49,192
Interest-bearing deposits	$560,455
Retail deposits	$607,784
IRAs and Keogh plan accounts	$11,886
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$906,491
Cash & Balances due from depository institutions	$19,303
Interest-bearing balances	$2,571
Total securities	$234,627
Federal funds sold & reverse repurchase	$0
Net loans and leases	$591,773
Loan and leases loss allowance	$6,710
Trading account assets	$0
Bank premises and fixed assets	$20,877
Other real estate owned	$2,167
Goodwill and other intangibles	$437
All other assets	$37,307

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$906,491
Total Liabilities	$823,852
Total deposits	$609,647
Interest-bearing deposits	$560,455
Deposits held in domestic offices	$609,647
% insured (estimated)	$87
Federal funds purchased and repurchase agreements	$74,234
Trading liabilities	$0
Other borrowed funds	$136,750
Subordinated debt	$0
All other liabilities	$3,221

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$591,773
Loan and leases loss allowance	$6,710
Total loans and leases (domestic)	$598,483
All real estate loans	$446,862
Real estate loans in domestic offices	$446,862
Construction and development loans	$63,992
Residential 1-4 family construction	$33,999
Other construction, all land development and other land	$29,993
Loans secured by nonfarm nonresidential properties	$266,554
Nonfarm nonresidential secured by owner-occupied properties	$71,364
Commercial real estate & other non-farm, non-residential	$195,190
Multifamily residential real estate	$37,672
1-4 family residential loans	$77,876
Farmland loans	$768
Loans held in foreign offices	$0
Farm loans	$0
Commercial and industrial loans	$108,646
To non-U.S. addressees	$0
Loans to individuals	$42,117
Credit card loans	$5,465
Related Plans	$860
Consumer Auto Loans	$5,197
Other loans to individuals	$30,595
All other loans & leases	$857
Loans to foreign governments and official institutions	$0
Other loans	$815
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	$3,797
Non 1-4 family restructured loans & leases	$3,145
Total loans and leases (foreign)	$0

CoreFirst Bank & Trust had $591,773,000 of loans outstanding in 2018. $446,862,000 of loans were in real estate loans. $63,992,000 of loans were in development loans. $37,672,000 of loans were in multifamily mortgage loans. $77,876,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $5,465,000 of loans were in credit card loans. $5,197,000 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	126	$37,913	$300,897
Nonfarm, nonresidential loans - <$100k	17	$609	$35,824
Nonfarm, nonresidential loans - $100-250k	29	$3,701	$127,621
Nonfarm, nonresidential loans - $250k-1MM	80	$33,603	$420,038
Commercial & Industrial, US addressed loans - <$1MM	517	$33,779	$65,337
Commercial & Industrial, US addressed loans - <$100k	399	$11,515	$28,860
Commercial & Industrial, US addressed loans - $100-250k	82	$9,027	$110,085
Commercial & Industrial, US addressed loans - $250k-1MM	36	$13,237	$367,694
Farmland loans - <$1MM	8	$768	$96,000
Farmland loans - <$100k	8	$768	$96,000