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, Cash Out Refi, and Refi 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 11 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Corefirst 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. 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.88% 4/22/24
    30 Year Conventional Purchase 6.18% 4/22/24
    30 Year Conventional Refi 6.12% 4/22/24
    30 Year Cash-out Refi 6.18% 4/22/24
    15 Year Conventional Purchase 5.56% 4/22/24
    15 Year Conventional Refi 5.77% 4/22/24
    15 Year Cash-out Refi 5.77% 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.

    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

    456

    Origination Dollar Volume (All Markets)

    $74,240,000

    Employee count

    263

    Awards

    CoreFirst Bank & Trust 30 Year Conventional Loans silver CoreFirst Bank & Trust 30 Year Conventional Loans silver CoreFirst Bank & Trust 30 Year Conventional Loans gold
    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) 372 $43,710,000 $117,500 $1,932 3.83%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 54 $22,410,000 $415,000 $2,310 3.62%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 10 $3,650,000 $365,000 $2,493 3.40%
    LAWRENCE, KS (FHA|USDA|VA) 9 $1,955,000 $217,222 $1,906 3.71%
    Outside of Metro Areas 1 $855,000 $855,000 $4,110 3.25%
    MANHATTAN, KS (FHA|USDA|VA) 4 $620,000 $155,000 $1,923 2.84%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $305,000 $305,000 $2,704 3.63%
    Emporia, KS (FHA|USDA|VA) 2 $300,000 $150,000 $1,882 3.31%
    Hutchinson, KS (FHA|USDA|VA) 1 $205,000 $205,000 $1,743 2.75%
    TUCSON, AZ (FHA|USDA|VA) 1 $155,000 $155,000 $2,478 3.63%
    FORT COLLINS, CO (FHA|USDA|VA) 1 $75,000 $75,000 $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)
  • Missouri (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Arizona (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: 108
    HNB National Bank
    Similarity Rank: 195
    Azura Credit Union
    Similarity Rank: 450
    FRONTIER COMMUNITY CREDIT UNION
    Similarity Rank: 553
    MAINSTREET FEDERAL CREDIT UNION
    Similarity Rank: 592
    Citizens Savings and Loan Association, FSB
    Similarity Rank: 652
    UNITED CONSUMERS CREDIT UNION
    Similarity Rank: 825
    Central Bank of Warrensburg
    Similarity Rank: 1188
    CoreFirst Bank & Trust
    Similarity Rank: 1738
    Union Bank and Trust Company
    Similarity Rank: 1760

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 327 $66,165,000 $202,339 $1,997 3.36%
    HELOC 129 $8,075,000 $62,597 n/a 4.85%

    For 2020, Corefirst Bank & Trust's most frequently originated type of loan was Conventional, with 327 originations. Their 2nd most popular type was HELOC, with 129 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 128 $25,680,000 $200,625 $2,043 3.69%
    Cash Out Refi 113 $16,645,000 $147,301 $2,038 3.53%
    Refi 104 $23,520,000 $226,154 $2,096 3.00%
    Home Improvement 67 $5,355,000 $79,925 $2,476 4.74%
    Other 44 $3,040,000 $69,091 $635 5.11%

    For 2020, Corefirst Bank & Trust's most frequently cited loan purpose was Home Purchase, with 128 originations. The 2nd most popular reason was Cash Out Refi, with 113 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 145 $10,845,000 $74,793 $1,738 4.73%
    30 Year 126 $23,080,000 $183,175 $2,012 3.32%
    15 Year 78 $13,380,000 $171,538 $2,079 2.73%
    20 Year 39 $6,075,000 $155,769 $2,052 3.42%
    10 Year 34 $6,570,000 $193,235 $1,678 3.61%
    5 Year 27 $8,795,000 $325,741 $0 4.42%
    3 Year 4 $4,050,000 $1,012,500 $0 5.39%
    1 Year 2 $870,000 $435,000 $4,305 4.06%
    30+ year 1 $575,000 $575,000 $9,617 3.63%

    For 2020, Corefirst Bank & Trust's most frequently cited loan duration was Other, with 145 originations. The 2nd most popular length was 30 Year, with 126 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 267 $45,545,000 $170,581
    $3k-4k 1 $265,000 $265,000
    $5k+ 1 $575,000 $575,000

    Corefirst Bank & Trust's average total fees were $2,012, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 267 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 151 $30,565,000 $202,417
    2.5-3% 106 $17,460,000 $164,717
    4-5% 103 $17,115,000 $166,165
    5-6% 56 $4,230,000 $75,536
    <2.5% 25 $4,295,000 $171,800
    6-7% 14 $540,000 $38,571
    7-8% 1 $35,000 $35,000

    During 2020, Corefirst Bank & Trust's average interest rate for loans was 3.32%, while their most frequently originated rate bucket for loans was 3-4%, with 151 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 209 $10,735,000 $51,364 $1,677 4.25%
    $100k-200k 137 $19,615,000 $143,175 $1,984 3.34%
    $200k-400k 81 $22,055,000 $272,284 $2,156 3.32%
    $400k-600k 18 $8,490,000 $471,667 $3,308 3.63%
    $600k-1MM 8 $6,230,000 $778,750 $3,237 4.03%
    $1MM+ 3 $7,115,000 $2,371,667 $0 4.27%

    2020 saw Corefirst Bank & Trust place emphasis on $100,000 or less loans with 209 originations, totaling $10,735,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 90 $8,340,000 $92,667 $1,924 3.82%
    $100k-150k 83 $12,065,000 $145,361 $2,021 3.71%
    $50k or less 71 $5,005,000 $70,493 $1,763 3.78%
    $75k-100k 70 $8,630,000 $123,286 $1,906 3.78%
    $150k-250k 49 $10,625,000 $216,837 $2,389 3.42%
    $250k+ 20 $6,900,000 $345,000 $2,457 3.68%

    Corefirst Bank & Trust lent most frequently to those with incomes in the $50k-75k range, with 90 originations. The second most popular income band? $100k-150k, with 83 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 132 $17,490,000 $132,500 $2,026 3.65%
    <20% 106 $13,150,000 $124,057 $2,062 3.69%
    30-36% 83 $11,885,000 $143,193 $1,925 3.80%
    42% 15 $1,815,000 $121,000 $1,860 3.71%
    37% 13 $2,535,000 $195,000 $1,917 3.58%
    36% 11 $1,615,000 $146,818 $2,106 3.80%
    39% 10 $1,900,000 $190,000 $2,095 3.66%
    40% 9 $1,535,000 $170,556 $1,752 4.01%
    41% 9 $1,065,000 $118,333 $1,996 3.81%
    38% 7 $905,000 $129,286 $1,954 4.05%
    45% 1 $115,000 $115,000 $0 4.25%
    >60% 1 $385,000 $385,000 $2,281 3.25%

    Corefirst Bank & Trust lent most frequently to those with DTI ratios of 20-30%, with 132 originations. The next most common DTI ratio? <20%, with 106 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 334 $41,910,000 $125,479 $1,983 3.76%
    Not applicable 57 $19,615,000 $344,123 $0 4.25%
    Not provided 46 $10,100,000 $219,565 $2,056 3.20%
    Asian 8 $1,450,000 $181,250 $2,006 4.03%
    American Indian 3 $465,000 $155,000 $2,319 4.50%
    Black 7 $365,000 $52,143 $1,885 4.50%
    Asian Indian 1 $335,000 $335,000 $2,439 2.63%

    Approval Rates

    Total approvals of all applications
    94.38%

    Corefirst Bank & Trust has an average approval rate.

    Pick Rate

    Approvals leading to origination
    76.10%

    Corefirst Bank & Trust has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 456 $74,240,000 $162,807

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 17 $14,395,000 $846,765
    Single Family (1-4 Units):Site-Built 439 $59,845,000 $136,321

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 66 $4,960,000 $75,152 $1,609 4.46%
    40-60% 74 $9,580,000 $129,459 $1,961 3.65%
    60-80% 160 $40,270,000 $251,688 $2,080 3.41%
    80-100% 107 $18,115,000 $169,299 $2,074 3.51%
    Under 20% 49 $1,315,000 $26,837 $454 4.90%

    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 $11,834
    Corefirst Bank & Trust 1106 Sw Gage Blvd Topeka, KS 66604 Full Service B&M $85,021
    Corefirst Bank & Trust 11875 South Ridgeview Road Olathe, KS 66061 Limited, Drive-thru $4,814
    Corefirst Bank & Trust 16201 West 95th Street Lenexa, KS 66219 Full Service B&M $35,251
    Corefirst Bank & Trust 2010 Nw Central Avenue Topeka, KS 66608 Full Service B&M $80,884
    Corefirst Bank & Trust 2010 S.E. 29th Street Topeka, KS 66605 Full Service Retail $17,673
    Corefirst Bank & Trust 2129 Southwest Wanamaker Road Topeka, KS 66614 Full Service B&M $70,564
    Corefirst Bank & Trust 2841 Se Croco Rd Topeka, KS 66605 Full Service B&M $48,862
    Corefirst Bank & Trust 3035 South Topeka Avenue Topeka, KS 66611 Full Service B&M $201,408
    Corefirst Bank & Trust 3035 Sw Topeka Blvd Topeka, KS 66611 Full Service Cyber Office $1,053
    Corefirst Bank & Trust 3701 Southwest Wanamaker Road Topeka, KS 66610 Full Service B&M $86,722
    Corefirst Bank & Trust 4610 Nw Fielding Road Topeka, KS 66618 Limited, Drive-thru $20,682
    Corefirst Bank & Trust 4900 Southwest 29th Street Topeka, KS 66614 Full Service B&M $67,067
    Corefirst Bank & Trust 5311 Sw 22nd Place Topeka, KS 66614 Full Service Retail $18,577
    Corefirst Bank & Trust 7430 Switzer St Shawnee, KS 66203 Full Service B&M $12,750
    Corefirst Bank & Trust 830 South Kansas Avenue Topeka, KS 66612 Full Service B&M $33,191

    For 2020, Corefirst Bank & Trust had 16 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $36,764
    Net interest income $33,560
    Total noninterest income $13,309
    Gross Fiduciary activities income $3,627
    Service charges on deposit accounts $3,419
    Trading account gains and fees $0
    Additional Noninterest Income $6,263
    Pre-tax net operating income $10,793
    Securities gains (or losses, -) $17
    Income before extraordinary items $10,287
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $10,287
    Minority interest net income $0
    Net income $10,287
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $10,270

    Corefirst Bank & Trust's gross interest income from loans was $36,764,000.
    Corefirst Bank & Trust's net interest income from loans was $33,560,000.
    Corefirst Bank & Trust's fee based income from loans was $3,419,000.
    Corefirst Bank & Trust's net income from loans was $10,287,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,204
    Provision for credit losses $3,800
    Total noninterest expense $32,276
    Salaries and employee benefits $18,488
    Premises and equipment expense $4,780
    Additional noninterest expense $9,008
    Applicable income taxes $523
    Net charge-offs $274
    Cash dividends $9,260

    Corefirst Bank & Trust's interest expense for loans was $3,204,000.
    Corefirst Bank & Trust's payroll and benefits expense were $18,488,000.
    Corefirst Bank & Trust's property, plant and equipment expenses $4,780,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 2.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 23.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    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 2.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $820,743
    Deposits held in domestic offices $820,743
    Deposits by Individuals, partnerships, and corporations $778,495
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $42,244
    Deposits by Commercial banks and other depository institutions in U.S. $4
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $115,099
    Demand deposits $58,961
    Nontransaction accounts $705,644
    Money market deposit accounts (MMDAs) $255,673
    Other savings deposits (excluding MMDAs) $374,188
    Total time deposits $75,783
    Total time and savings deposits $761,782
    Noninterest-bearing deposits $58,961
    Interest-bearing deposits $761,782
    Retail deposits $813,878
    IRAs and Keogh plan accounts $11,136
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,045,734
    Cash & Balances due from depository institutions $61,400
    Interest-bearing balances $30,606
    Total securities $229,004
    Federal funds sold & reverse repurchase $0
    Net loans and leases $687,804
    Loan and leases loss allowance $10,875
    Trading account assets $0
    Bank premises and fixed assets $31,689
    Other real estate owned $1,292
    Goodwill and other intangibles $141
    All other assets $34,404

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,045,734
    Total Liabilities $950,090
    Total deposits $820,743
    Interest-bearing deposits $761,782
    Deposits held in domestic offices $820,743
    % insured (estimated) $83
    Federal funds purchased and repurchase agreements $90,718
    Trading liabilities $0
    Other borrowed funds $35,020
    Subordinated debt $0
    All other liabilities $3,609

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $687,804
    Loan and leases loss allowance $10,875
    Total loans and leases (domestic) $698,679
    All real estate loans $487,436
    Real estate loans in domestic offices $487,436
    Construction and development loans $51,745
    Residential 1-4 family construction $31,030
    Other construction, all land development and other land $20,715
    Loans secured by nonfarm nonresidential properties $265,609
    Nonfarm nonresidential secured by owner-occupied properties $93,053
    Commercial real estate & other non-farm, non-residential $172,556
    Multifamily residential real estate $40,546
    1-4 family residential loans $128,884
    Farmland loans $652
    Loans held in foreign offices $0
    Farm loans $36
    Commercial and industrial loans $173,518
    To non-U.S. addressees $0
    Loans to individuals $37,075
    Credit card loans $7,088
    Related Plans $642
    Consumer Auto Loans $7,712
    Other loans to individuals $21,633
    All other loans & leases $614
    Loans to foreign governments and official institutions $0
    Other loans $542
    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 $5,889
    Non 1-4 family restructured loans & leases $5,316
    Total loans and leases (foreign) $0

    CoreFirst Bank & Trust had $687,804,000 of loans outstanding in 2020. $487,436,000 of loans were in real estate loans. $51,745,000 of loans were in development loans. $40,546,000 of loans were in multifamily mortgage loans. $128,884,000 of loans were in 1-4 family mortgage loans. $36,000 of loans were in farm loans. $7,088,000 of loans were in credit card loans. $7,712,000 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 123 $39,682 $322,618
    Nonfarm, nonresidential loans - <$100k 14 $579 $41,357
    Nonfarm, nonresidential loans - $100-250k 25 $3,571 $142,840
    Nonfarm, nonresidential loans - $250k-1MM 84 $35,532 $423,000
    Commercial & Industrial, US addressed loans - <$1MM 1,097 $75,713 $69,018
    Commercial & Industrial, US addressed loans - <$100k 842 $20,924 $24,850
    Commercial & Industrial, US addressed loans - $100-250k 160 $20,369 $127,306
    Commercial & Industrial, US addressed loans - $250k-1MM 95 $34,420 $362,316
    Farmland loans - <$1MM 3 $460 $153,333
    Farmland loans - <$100k 2 $68 $34,000
    Farmland loans - $250k-1MM 1 $392 $392,000
    Agriculture operations loans - <$1MM 2 $36 $18,000
    Agriculture operations loans - <$100k 2 $36 $18,000