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

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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

    Corefirst Bank & Trust is a smaller bank specializing in Home Purchase and Refi loans. Corefirst Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include: Topeka, Kansas City, Tulsa, Denver, and Lawrence among others. We have data for 11 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% 11/17/24
    30 Year Conventional Purchase 6.18% 11/17/24
    30 Year Conventional Refi 6.12% 11/17/24
    30 Year Cash-out Refi 6.18% 11/17/24
    15 Year Conventional Purchase 5.56% 11/17/24
    15 Year Conventional Refi 5.77% 11/17/24
    15 Year Cash-out Refi 5.77% 11/17/24
    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






    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

    357

    Origination Dollar Volume (All Markets)

    $65,555,000

    Employee count

    263

    Awards

    CoreFirst Bank & Trust 30 Year Conventional Loans bronze CoreFirst Bank & Trust 30 Year Conventional Loans gold CoreFirst Bank & Trust 30 Year Conventional Loans silver CoreFirst Bank & Trust 30 Year Conventional Loans silver
    Show all (4) 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) 289 $40,985,000 $141,817 $1,685 5.21%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 41 $11,425,000 $278,659 $2,826 5.02%
    TULSA, OK (FHA|USDA|VA) 2 $7,510,000 $3,755,000 $0 5.00%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 9 $1,695,000 $188,333 $1,893 5.46%
    LAWRENCE, KS (FHA|USDA|VA) 6 $1,170,000 $195,000 $1,696 4.58%
    Outside of Metro Areas 2 $750,000 $375,000 $0 5.63%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $645,000 $645,000 $2,576 3.63%
    BOULDER, CO (FHA|USDA|VA) 1 $605,000 $605,000 $0 5.50%
    MANHATTAN, KS (FHA|USDA|VA) 3 $495,000 $165,000 $1,651 4.97%
    Hutchinson, KS (FHA|USDA|VA) 1 $245,000 $245,000 $1,579 4.75%
    Emporia, KS (FHA|USDA|VA) 2 $30,000 $15,000 $0 6.38%
    Corefirst Bank & Trust's top markets include Topeka, Kansas City, Tulsa, Denver, and Lawrence among others.

    Their top states include:
  • Kansas (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Colorado (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.

    CoreFirst Bank & Trust
    Similarity Rank: 77
    LYNDON STATE BANK
    Similarity Rank: 115
    Citizens Savings and Loan Association, FSB
    Similarity Rank: 141
    MAINSTREET FEDERAL CREDIT UNION
    Similarity Rank: 160
    Azura Credit Union
    Similarity Rank: 210
    UNITED CONSUMERS CREDIT UNION
    Similarity Rank: 416
    FRONTIER COMMUNITY CREDIT UNION
    Similarity Rank: 651
    Central Bank of Warrensburg
    Similarity Rank: 1032
    Hawthorn Bank
    Similarity Rank: 1564
    Central National Bank
    Similarity Rank: 2112

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 212 $57,310,000 $270,330 $1,796 4.29%
    HELOC 145 $8,245,000 $56,862 n/a 6.50%

    For 2019, Corefirst Bank & Trust's most frequently originated type of loan was Conventional, with 212 originations. Their 2nd most popular type was HELOC, with 145 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 107 $20,575,000 $192,290 $1,989 4.41%
    Cash Out Refi 87 $11,315,000 $130,057 $2,001 5.24%
    Home Improvement 71 $3,745,000 $52,746 $894 6.32%
    Other 51 $2,755,000 $54,020 $476 6.13%
    Refi 41 $27,165,000 $662,561 $1,931 3.96%

    For 2019, Corefirst Bank & Trust's most frequently cited loan purpose was Home Purchase, with 107 originations. The 2nd most popular reason was Cash Out Refi, with 87 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 154 $29,620,000 $192,338 $4,277 6.40%
    30 Year 84 $14,790,000 $176,071 $1,879 3.92%
    15 Year 41 $7,075,000 $172,561 $1,988 3.62%
    5 Year 29 $8,385,000 $289,138 $0 5.24%
    20 Year 26 $4,490,000 $172,692 $1,994 4.35%
    10 Year 15 $1,035,000 $69,000 $984 5.38%
    3 Year 7 $85,000 $12,143 $0 5.00%
    1 Year 1 $75,000 $75,000 $0 6.75%

    For 2019, Corefirst Bank & Trust's most frequently cited loan duration was Other, with 154 originations. The 2nd most popular length was 30 Year, with 84 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 168 $26,780,000 $159,405
    $5k+ 1 $1,045,000 $1,045,000

    Corefirst Bank & Trust's average total fees were $1,879, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 168 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 112 $6,120,000 $54,643
    3-4% 93 $28,515,000 $306,613
    4-5% 55 $16,935,000 $307,909
    5-6% 50 $7,190,000 $143,800
    7-8% 24 $1,200,000 $50,000
    2.5-3% 23 $5,595,000 $243,261

    During 2019, Corefirst Bank & Trust's average interest rate for loans was 3.92%, while their most frequently originated rate bucket for loans was 6-7%, with 112 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 201 $9,195,000 $45,746 $1,194 5.90%
    $100k-200k 87 $12,445,000 $143,046 $1,886 4.30%
    $200k-400k 49 $13,305,000 $271,531 $2,002 4.10%
    $400k-600k 10 $4,870,000 $487,000 $2,343 4.21%
    $1MM+ 5 $22,415,000 $4,483,000 $17,185 4.37%
    $600k-1MM 5 $3,325,000 $665,000 $2,576 5.13%

    2019 saw Corefirst Bank & Trust place emphasis on $100,000 or less loans with 201 originations, totaling $9,195,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 79 $6,455,000 $81,709 $1,642 5.24%
    $100k-150k 78 $9,200,000 $117,949 $1,737 5.21%
    $50k or less 54 $3,210,000 $59,444 $1,408 5.23%
    $75k-100k 48 $5,190,000 $108,125 $1,812 5.02%
    $150k-250k 31 $5,935,000 $191,452 $2,084 5.26%
    $250k+ 12 $3,200,000 $266,667 $5,269 4.91%

    Corefirst Bank & Trust lent most frequently to those with incomes in the $50k-75k range, with 79 originations. The second most popular income band? $100k-150k, with 78 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 107 $11,745,000 $109,766 $1,908 5.13%
    <20% 73 $6,795,000 $93,082 $1,824 5.08%
    30-36% 59 $7,025,000 $119,068 $1,673 5.10%
    37% 15 $2,145,000 $143,000 $1,648 5.07%
    40% 12 $2,370,000 $197,500 $1,735 4.79%
    38% 10 $1,280,000 $128,000 $1,608 5.15%
    41% 10 $1,790,000 $179,000 $2,023 4.88%
    42% 9 $1,525,000 $169,444 $1,598 5.31%
    39% 9 $355,000 $39,444 $957 5.96%
    36% 7 $845,000 $120,714 $1,986 5.00%
    43% 1 $145,000 $145,000 $0 7.50%

    Corefirst Bank & Trust lent most frequently to those with DTI ratios of 20-30%, with 107 originations. The next most common DTI ratio? <20%, with 73 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 260 $29,060,000 $111,769 $1,829 5.25%
    Not applicable 34 $28,340,000 $833,529 $0 5.58%
    Not provided 50 $6,970,000 $139,400 $1,767 4.46%
    Asian 3 $555,000 $185,000 $2,440 5.96%
    Black 9 $425,000 $47,222 $603 5.88%
    Asian Indian 1 $205,000 $205,000 $1,783 3.00%

    Approval Rates

    Total approvals of all applications
    89.12%

    Corefirst Bank & Trust has an average approval rate.

    Pick Rate

    Approvals leading to origination
    81.23%

    Corefirst Bank & Trust has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 357 $65,555,000 $183,627

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 13 $25,275,000 $1,944,231
    Single Family (1-4 Units):Manufactured 1 $75,000 $75,000
    Single Family (1-4 Units):Site-Built 343 $40,205,000 $117,216

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 60 $3,620,000 $60,333 $1,141 6.22%
    40-60% 49 $26,325,000 $537,245 $1,912 5.30%
    60-80% 108 $21,740,000 $201,296 $2,201 4.48%
    80-100% 73 $11,955,000 $163,767 $1,825 4.27%
    Under 20% 67 $1,915,000 $28,582 $113 6.32%

    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 $12,579
    CoreFirst Bank & Trust 1106 Sw Gage Blvd Topeka, KS 66604 Full Service B&M $72,393
    CoreFirst Bank & Trust 11875 South Ridgeview Road Olathe, KS 66061 Limited, Drive-thru $3,694
    CoreFirst Bank & Trust 16201 West 95th Street Lenexa, KS 66219 Full Service B&M $25,349
    CoreFirst Bank & Trust 2010 Nw Central Avenue Topeka, KS 66608 Full Service B&M $52,750
    CoreFirst Bank & Trust 2010 S.E. 29th Street Topeka, KS 66605 Full Service Retail $17,363
    CoreFirst Bank & Trust 2129 Southwest Wanamaker Road Topeka, KS 66614 Full Service B&M $57,229
    CoreFirst Bank & Trust 2841 Se Croco Rd Topeka, KS 66605 Full Service B&M $34,178
    CoreFirst Bank & Trust 3035 South Topeka Avenue Topeka, KS 66611 Full Service B&M $160,798
    CoreFirst Bank & Trust 3035 Sw Topeka Blvd Topeka, KS 66611 Full Service Cyber Office $373
    CoreFirst Bank & Trust 3701 Southwest Wanamaker Road Topeka, KS 66610 Full Service B&M $71,738
    CoreFirst Bank & Trust 4610 Nw Fielding Road Topeka, KS 66618 Limited, Drive-thru $18,221
    CoreFirst Bank & Trust 4900 Southwest 29th Street Topeka, KS 66614 Full Service B&M $54,055
    CoreFirst Bank & Trust 5311 Sw 22nd Place Topeka, KS 66614 Full Service Retail $20,335
    CoreFirst Bank & Trust 7430 Switzer St Shawnee, KS 66203 Full Service B&M $10,087
    CoreFirst Bank & Trust 830 South Kansas Avenue Topeka, KS 66612 Full Service B&M $29,621

    For 2019, Corefirst Bank & Trust had 16 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $37,823
    Net interest income $31,418
    Total noninterest income $16,613
    Gross Fiduciary activities income $3,523
    Service charges on deposit accounts $4,153
    Trading account gains and fees $0
    Additional Noninterest Income $8,937
    Pre-tax net operating income $14,863
    Securities gains (or losses, -) $48
    Income before extraordinary items $14,254
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $14,254
    Minority interest net income $0
    Net income $14,254
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $14,207

    Corefirst Bank & Trust's gross interest income from loans was $37,823,000.
    Corefirst Bank & Trust's net interest income from loans was $31,418,000.
    Corefirst Bank & Trust's fee based income from loans was $4,153,000.
    Corefirst Bank & Trust's net income from loans was $14,254,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $6,405
    Provision for credit losses $1,026
    Total noninterest expense $32,142
    Salaries and employee benefits $18,282
    Premises and equipment expense $3,936
    Additional noninterest expense $9,924
    Applicable income taxes $657
    Net charge-offs $387
    Cash dividends $13,253

    Corefirst Bank & Trust's interest expense for loans was $6,405,000.
    Corefirst Bank & Trust's payroll and benefits expense were $18,282,000.
    Corefirst Bank & Trust's property, plant and equipment expenses $3,936,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 2.0%
    Real Estate loans 2.0%
    Construction & Land Development loans 14.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    Commercial & industrial loans 1.0%
    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 $678,650
    Deposits held in domestic offices $678,650
    Deposits by Individuals, partnerships, and corporations $638,712
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $39,918
    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 $93,474
    Demand deposits $49,468
    Nontransaction accounts $585,176
    Money market deposit accounts (MMDAs) $193,258
    Other savings deposits (excluding MMDAs) $308,826
    Total time deposits $83,093
    Total time and savings deposits $629,182
    Noninterest-bearing deposits $49,468
    Interest-bearing deposits $629,182
    Retail deposits $673,292
    IRAs and Keogh plan accounts $11,570
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $963,219
    Cash & Balances due from depository institutions $23,737
    Interest-bearing balances $8,123
    Total securities $242,268
    Federal funds sold & reverse repurchase $0
    Net loans and leases $638,177
    Loan and leases loss allowance $7,350
    Trading account assets $0
    Bank premises and fixed assets $22,454
    Other real estate owned $1,332
    Goodwill and other intangibles $275
    All other assets $34,976

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $963,219
    Total Liabilities $872,212
    Total deposits $678,650
    Interest-bearing deposits $629,182
    Deposits held in domestic offices $678,650
    % insured (estimated) $85
    Federal funds purchased and repurchase agreements $87,245
    Trading liabilities $0
    Other borrowed funds $103,000
    Subordinated debt $0
    All other liabilities $3,317

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $638,177
    Loan and leases loss allowance $7,350
    Total loans and leases (domestic) $645,527
    All real estate loans $487,320
    Real estate loans in domestic offices $487,320
    Construction and development loans $63,954
    Residential 1-4 family construction $24,823
    Other construction, all land development and other land $39,131
    Loans secured by nonfarm nonresidential properties $295,589
    Nonfarm nonresidential secured by owner-occupied properties $85,777
    Commercial real estate & other non-farm, non-residential $209,812
    Multifamily residential real estate $30,565
    1-4 family residential loans $96,499
    Farmland loans $713
    Loans held in foreign offices $0
    Farm loans $44
    Commercial and industrial loans $115,645
    To non-U.S. addressees $0
    Loans to individuals $41,704
    Credit card loans $7,262
    Related Plans $815
    Consumer Auto Loans $7,287
    Other loans to individuals $26,340
    All other loans & leases $813
    Loans to foreign governments and official institutions $0
    Other loans $770
    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 $2,889
    Non 1-4 family restructured loans & leases $2,291
    Total loans and leases (foreign) $0

    CoreFirst Bank & Trust had $638,177,000 of loans outstanding in 2019. $487,320,000 of loans were in real estate loans. $63,954,000 of loans were in development loans. $30,565,000 of loans were in multifamily mortgage loans. $96,499,000 of loans were in 1-4 family mortgage loans. $44,000 of loans were in farm loans. $7,262,000 of loans were in credit card loans. $7,287,000 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 135 $44,222 $327,570
    Nonfarm, nonresidential loans - <$100k 16 $684 $42,750
    Nonfarm, nonresidential loans - $100-250k 29 $4,269 $147,207
    Nonfarm, nonresidential loans - $250k-1MM 90 $39,269 $436,322
    Commercial & Industrial, US addressed loans - <$1MM 573 $44,644 $77,913
    Commercial & Industrial, US addressed loans - <$100k 417 $11,787 $28,266
    Commercial & Industrial, US addressed loans - $100-250k 95 $11,511 $121,168
    Commercial & Industrial, US addressed loans - $250k-1MM 61 $21,346 $349,934
    Farmland loans - <$1MM 4 $520 $130,000
    Farmland loans - <$100k 2 $77 $38,500
    Farmland loans - $100-250k 1 $31 $31,000
    Farmland loans - $250k-1MM 1 $412 $412,000
    Agriculture operations loans - <$1MM 2 $44 $22,000
    Agriculture operations loans - <$100k 2 $44 $22,000