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 Cash Out 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 Ottawa 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.

    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






    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

    485

    Origination Dollar Volume (All Markets)

    $86,245,000

    Employee count

    244

    Awards

    CoreFirst Bank & Trust 30 Year Conventional Loans gold CoreFirst Bank & Trust 30 Year Conventional Loans gold CoreFirst Bank & Trust 30 Year Conventional Loans gold 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) 375 $46,765,000 $124,707 $1,990 3.59%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 77 $31,465,000 $408,636 $1,989 3.65%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 11 $2,705,000 $245,909 $2,571 3.93%
    LAWRENCE, KS (FHA|USDA|VA) 7 $1,375,000 $196,429 $2,064 3.79%
    Outside of Metro Areas 3 $1,295,000 $431,667 $2,724 2.58%
    Ottawa, KS (FHA|USDA|VA) 3 $755,000 $251,667 $0 3.67%
    Emporia, KS (FHA|USDA|VA) 4 $460,000 $115,000 $1,962 2.97%
    ST. JOSEPH, MO-KS (FHA|USDA|VA) 1 $435,000 $435,000 $0 4.00%
    GREELEY, CO (FHA|USDA|VA) 1 $385,000 $385,000 $2,506 3.13%
    MANHATTAN, KS (FHA|USDA|VA) 2 $360,000 $180,000 $2,250 3.06%
    Fort Leonard Wood, MO (FHA|USDA|VA) 1 $245,000 $245,000 $2,241 2.50%
    Corefirst Bank & Trust's top markets include Topeka, Kansas City, Denver, Lawrence, and Ottawa among others.

    Their top states include:
  • Kansas (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.

    Bank of the Flint Hills
    Similarity Rank: 126
    Azura Credit Union
    Similarity Rank: 308
    MAINSTREET FEDERAL CREDIT UNION
    Similarity Rank: 426
    FRONTIER COMMUNITY CREDIT UNION
    Similarity Rank: 693
    CoreFirst Bank & Trust
    Similarity Rank: 858
    UNITED CONSUMERS CREDIT UNION
    Similarity Rank: 1062
    U S WIDE FINANCIAL LLC
    Similarity Rank: 1428
    Truity Federal Credit Union
    Similarity Rank: 1456
    Union Bank and Trust Company
    Similarity Rank: 1862
    Central National Bank
    Similarity Rank: 2013

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 306 $72,750,000 $237,745 $2,011 3.03%
    HELOC 179 $13,495,000 $75,391 n/a 4.55%

    For 2021, Corefirst Bank & Trust's most frequently originated type of loan was Conventional, with 306 originations. Their 2nd most popular type was HELOC, with 179 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 135 $39,445,000 $292,185 $1,875 3.40%
    Cash Out Refi 125 $22,815,000 $182,520 $2,087 3.20%
    Home Improvement 99 $6,155,000 $62,172 $2,196 4.48%
    Refi 80 $14,400,000 $180,000 $2,084 2.80%
    Other 46 $3,430,000 $74,565 $0 4.72%

    For 2021, Corefirst Bank & Trust's most frequently cited loan purpose was Home Purchase, with 135 originations. The 2nd most popular reason was Cash Out Refi, with 125 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 203 $19,015,000 $93,670 $1,622 4.43%
    30 Year 108 $22,580,000 $209,074 $2,015 3.03%
    15 Year 80 $13,050,000 $163,125 $2,033 2.53%
    20 Year 38 $7,690,000 $202,368 $2,073 2.87%
    5 Year 28 $18,100,000 $646,429 $0 3.66%
    10 Year 23 $4,505,000 $195,870 $1,718 3.52%
    1 Year 5 $1,305,000 $261,000 $0 4.50%

    For 2021, Corefirst Bank & Trust's most frequently cited loan duration was Other, with 203 originations. The 2nd most popular length was 30 Year, with 108 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 233 $42,895,000 $184,099

    Corefirst Bank & Trust's average total fees were $2,015, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 233 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 138 $15,360,000 $111,304
    2.5-3% 112 $22,880,000 $204,286
    3-4% 90 $31,830,000 $353,667
    <2.5% 88 $12,910,000 $146,705
    5-6% 56 $3,250,000 $58,036
    7-8% 1 $15,000 $15,000

    During 2021, Corefirst Bank & Trust's average interest rate for loans was 3.03%, while their most frequently originated rate bucket for loans was 4-5%, with 138 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 205 $9,815,000 $47,878 $1,843 4.05%
    $100k-200k 163 $23,865,000 $146,411 $1,998 3.19%
    $200k-400k 80 $21,990,000 $274,875 $2,103 3.25%
    $400k-600k 20 $9,710,000 $485,500 $2,382 3.51%
    $600k-1MM 9 $6,535,000 $726,111 $2,527 3.70%
    $1MM+ 8 $14,330,000 $1,791,250 $2,899 3.79%

    2021 saw Corefirst Bank & Trust place emphasis on $100,000 or less loans with 205 originations, totaling $9,815,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 106 $14,270,000 $134,623 $2,029 3.59%
    $50k-75k 91 $8,515,000 $93,571 $1,929 3.57%
    $75k-100k 66 $8,620,000 $130,606 $2,083 3.56%
    $50k or less 61 $4,305,000 $70,574 $1,896 3.69%
    $150k-250k 52 $10,750,000 $206,731 $2,202 3.56%
    $250k+ 17 $5,535,000 $325,588 $2,322 3.43%

    Corefirst Bank & Trust lent most frequently to those with incomes in the $100k-150k range, with 106 originations. The second most popular income band? $50k-75k, with 91 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 137 $18,655,000 $136,168 $2,024 3.42%
    <20% 102 $10,980,000 $107,647 $1,982 3.59%
    30-36% 73 $11,515,000 $157,740 $2,080 3.57%
    42% 19 $2,085,000 $109,737 $1,943 4.07%
    40% 19 $3,315,000 $174,474 $2,038 3.39%
    37% 15 $3,725,000 $248,333 $1,778 3.68%
    38% 11 $1,205,000 $109,545 $1,991 3.48%
    39% 10 $1,550,000 $155,000 $2,036 3.59%
    41% 9 $1,205,000 $133,889 $2,137 3.72%
    36% 9 $885,000 $98,333 $1,841 4.24%
    43% 3 $285,000 $95,000 $2,031 3.67%
    48% 1 $75,000 $75,000 $0 4.25%

    Corefirst Bank & Trust lent most frequently to those with DTI ratios of 20-30%, with 137 originations. The next most common DTI ratio? <20%, with 102 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 350 $46,160,000 $131,886 $1,993 3.60%
    Not applicable 66 $28,920,000 $438,182 $0 3.79%
    Not provided 47 $9,555,000 $203,298 $2,094 3.02%
    Black 12 $800,000 $66,667 $1,977 4.44%
    Asian 6 $560,000 $93,333 $2,073 3.50%
    American Indian 4 $250,000 $62,500 $1,963 4.13%

    Approval Rates

    Total approvals of all applications
    92.92%

    Corefirst Bank & Trust has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.39%

    Corefirst Bank & Trust has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 485 $86,245,000 $177,825

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    485 $86,245,000 $177,825

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 78 $6,490,000 $83,205 $1,975 4.02%
    40-60% 80 $12,400,000 $155,000 $2,061 3.11%
    60-80% 180 $47,590,000 $264,389 $2,053 3.31%
    80-100% 81 $17,575,000 $216,975 $1,958 3.36%
    Under 20% 66 $2,190,000 $33,182 $774 4.74%

    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 $15,829
    Corefirst Bank & Trust 1106 Sw Gage Blvd Topeka, KS 66604 Full Service B&M $95,642
    Corefirst Bank & Trust 11875 South Ridgeview Road Olathe, KS 66061 Limited, Drive-thru $7,254
    Corefirst Bank & Trust 16201 West 95th Street Lenexa, KS 66219 Full Service B&M $39,139
    Corefirst Bank & Trust 2010 Nw Central Avenue Topeka, KS 66608 Full Service B&M $76,594
    Corefirst Bank & Trust 2010 S.E. 29th Street Topeka, KS 66605 Full Service Retail $19,304
    Corefirst Bank & Trust 2129 Southwest Wanamaker Road Topeka, KS 66614 Full Service B&M $85,846
    Corefirst Bank & Trust 2841 Se Croco Rd Topeka, KS 66605 Full Service B&M $55,231
    Corefirst Bank & Trust 3035 South Topeka Avenue Topeka, KS 66611 Full Service B&M $251,427
    Corefirst Bank & Trust 3035 Sw Topeka Blvd Topeka, KS 66611 Full Service Cyber Office $2,647
    Corefirst Bank & Trust 3701 Southwest Wanamaker Road Topeka, KS 66610 Full Service B&M $105,220
    Corefirst Bank & Trust 4610 Nw Fielding Road Topeka, KS 66618 Limited, Drive-thru $22,311
    Corefirst Bank & Trust 4900 Southwest 29th Street Topeka, KS 66614 Full Service B&M $75,649
    Corefirst Bank & Trust 5311 Sw 22nd Place Topeka, KS 66614 Full Service Retail $19,899
    Corefirst Bank & Trust 7430 Switzer St Shawnee, KS 66203 Full Service B&M $12,229
    Corefirst Bank & Trust 830 South Kansas Avenue Topeka, KS 66612 Full Service B&M $36,561

    For 2021, Corefirst Bank & Trust had 16 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $37,105
    Net interest income $35,232
    Total noninterest income $14,931
    Gross Fiduciary activities income $4,384
    Service charges on deposit accounts $3,534
    Trading account gains and fees $0
    Additional Noninterest Income $7,013
    Pre-tax net operating income $17,719
    Securities gains (or losses, -) $14
    Income before extraordinary items $17,072
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $17,072
    Minority interest net income $0
    Net income $17,072
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $17,058

    Corefirst Bank & Trust's gross interest income from loans was $37,105,000.
    Corefirst Bank & Trust's net interest income from loans was $35,232,000.
    Corefirst Bank & Trust's fee based income from loans was $3,534,000.
    Corefirst Bank & Trust's net income from loans was $17,072,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,873
    Provision for credit losses $-2,250
    Total noninterest expense $34,694
    Salaries and employee benefits $20,106
    Premises and equipment expense $4,835
    Additional noninterest expense $9,753
    Applicable income taxes $661
    Net charge-offs $1,215
    Cash dividends $11,892

    Corefirst Bank & Trust's interest expense for loans was $1,873,000.
    Corefirst Bank & Trust's payroll and benefits expense were $20,106,000.
    Corefirst Bank & Trust's property, plant and equipment expenses $4,835,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    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 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 5.0%
    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 $982,236
    Deposits held in domestic offices $982,236
    Deposits by Individuals, partnerships, and corporations $904,241
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $77,230
    Deposits by Commercial banks and other depository institutions in U.S. $765
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $159,206
    Demand deposits $102,327
    Nontransaction accounts $823,030
    Money market deposit accounts (MMDAs) $302,512
    Other savings deposits (excluding MMDAs) $452,263
    Total time deposits $68,255
    Total time and savings deposits $879,909
    Noninterest-bearing deposits $69,286
    Interest-bearing deposits $912,951
    Retail deposits $969,995
    IRAs and Keogh plan accounts $10,466
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,218,779
    Cash & Balances due from depository institutions $44,893
    Interest-bearing balances $28,752
    Total securities $431,217
    Federal funds sold & reverse repurchase $0
    Net loans and leases $675,089
    Loan and leases loss allowance $7,410
    Trading account assets $0
    Bank premises and fixed assets $35,155
    Other real estate owned $1,213
    Goodwill and other intangibles $107
    All other assets $31,105

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,218,779
    Total Liabilities $1,124,126
    Total deposits $982,236
    Interest-bearing deposits $912,951
    Deposits held in domestic offices $982,236
    % insured (estimated) $79
    Federal funds purchased and repurchase agreements $123,944
    Trading liabilities $0
    Other borrowed funds $8,000
    Subordinated debt $0
    All other liabilities $9,946

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $675,089
    Loan and leases loss allowance $7,410
    Total loans and leases (domestic) $682,499
    All real estate loans $537,078
    Real estate loans in domestic offices $537,078
    Construction and development loans $52,910
    Residential 1-4 family construction $36,158
    Other construction, all land development and other land $16,752
    Loans secured by nonfarm nonresidential properties $275,546
    Nonfarm nonresidential secured by owner-occupied properties $105,528
    Commercial real estate & other non-farm, non-residential $170,018
    Multifamily residential real estate $48,318
    1-4 family residential loans $159,188
    Farmland loans $1,116
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $109,774
    To non-U.S. addressees $0
    Loans to individuals $34,583
    Credit card loans $7,044
    Related Plans $571
    Consumer Auto Loans $9,650
    Other loans to individuals $17,318
    All other loans & leases $1,064
    Loans to foreign governments and official institutions $0
    Other loans $989
    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 $9,509
    Non 1-4 family restructured loans & leases $9,029
    Total loans and leases (foreign) $0

    CoreFirst Bank & Trust had $675,089,000 of loans outstanding in 2021. $537,078,000 of loans were in real estate loans. $52,910,000 of loans were in development loans. $48,318,000 of loans were in multifamily mortgage loans. $159,188,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $7,044,000 of loans were in credit card loans. $9,650,000 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 118 $37,453 $317,398
    Nonfarm, nonresidential loans - <$100k 9 $268 $29,778
    Nonfarm, nonresidential loans - $100-250k 29 $3,992 $137,655
    Nonfarm, nonresidential loans - $250k-1MM 80 $33,193 $414,913
    Commercial & Industrial, US addressed loans - <$1MM 509 $45,326 $89,049
    Commercial & Industrial, US addressed loans - <$100k 335 $8,729 $26,057
    Commercial & Industrial, US addressed loans - $100-250k 102 $11,958 $117,235
    Commercial & Industrial, US addressed loans - $250k-1MM 72 $24,639 $342,208
    Farmland loans - <$1MM 4 $514 $128,500
    Farmland loans - <$100k 3 $144 $48,000
    Farmland loans - $250k-1MM 1 $370 $370,000