Arizona Bank & Trust Mortgage Rates, Fees & Info

Phoenix, AZ

LEI: 549300AF1DMBPMDRP146

Tax ID: 75-3050342

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

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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

    Arizona Bank & Trust is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Arizona Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include: Phoenix, San Diego, Flagstaff, and Lake Havasu City among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Arizona 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. Arizona Bank & Trust is typically a high 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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    Originations

    42

    Origination Dollar Volume (All Markets)

    $17,350,000

    Employee count

    76

    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
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 38 $13,780,000 $362,632 $4,615 5.50%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $1,525,000 $1,525,000 $10,413 4.13%
    Outside of Metro Areas 1 $1,235,000 $1,235,000 $17,576 4.75%
    FLAGSTAFF, AZ (FHA|USDA|VA) 1 $525,000 $525,000 $8,235 4.50%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $285,000 $285,000 $5,949 4.38%
    Arizona Bank & Trust's top markets include Phoenix, San Diego, Flagstaff, and Lake Havasu City among others.

    Their top states include:
  • Arizona (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)

    • Similar Lenders

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

    IAPPROVE LENDING
    Similarity Rank: 816
    LOGIX FEDERAL CREDIT UNION
    Similarity Rank: 1058
    VANTAGE WEST
    Similarity Rank: 1113
    First Credit Union
    Similarity Rank: 1176
    CREDIT UNION WEST
    Similarity Rank: 1314
    Canyon State Credit Union
    Similarity Rank: 1428
    OneAZ Credit Union
    Similarity Rank: 1484
    ARIZONA
    Similarity Rank: 1539
    Arizona Bank & Trust
    Similarity Rank: 1635
    DEFINE MORTGAGE SOLUTIONS, LLC
    Similarity Rank: 2004

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 42 $17,350,000 $413,095 $5,273 5.40%

    For 2018, Arizona Bank & Trust's most frequently originated type of loan was Conventional, with 42 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 19 $8,285,000 $436,053 $7,466 4.88%
    Home Improvement 7 $615,000 $87,857 $296 6.95%
    Refi 7 $1,695,000 $242,143 $2,589 5.98%
    Cash Out Refi 6 $5,280,000 $880,000 $8,434 4.63%
    Other 3 $1,475,000 $491,667 $6,023 5.28%

    For 2018, Arizona Bank & Trust's most frequently cited loan purpose was Home Purchase, with 19 originations. The 2nd most popular reason was Home Improvement, with 7 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 24 $14,870,000 $619,583 $9,104 4.60%
    20 Year 7 $635,000 $90,714 $510 7.32%
    10 Year 4 $550,000 $137,500 $247 5.94%
    5 Year 3 $155,000 $51,667 $395 6.03%
    1 Year 2 $420,000 $210,000 $1,011 5.08%
    15 Year 1 $675,000 $675,000 $0 4.50%
    Other 1 $45,000 $45,000 $0 8.49%

    For 2018, Arizona Bank & Trust's most frequently cited loan duration was 30 Year, with 24 originations. The 2nd most popular length was 20 Year, with 7 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 16 $1,760,000 $110,000
    $5k+ 8 $7,320,000 $915,000
    $1k-2k 4 $2,530,000 $632,500
    $2k-3k 3 $515,000 $171,667
    $4k-5k 3 $2,575,000 $858,333
    $3k-4k 2 $1,300,000 $650,000

    Arizona Bank & Trust's average total fees were $9,104, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 16 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 23 $14,425,000 $627,174
    5-6% 7 $1,765,000 $252,143
    6-7% 7 $555,000 $79,286
    7-8% 2 $70,000 $35,000
    Over 8% 2 $150,000 $75,000
    3-4% 1 $385,000 $385,000

    During 2018, Arizona Bank & Trust's average interest rate for loans was 4.60%, while their most frequently originated rate bucket for loans was 4-5%, with 23 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 11 $605,000 $55,000 $901 6.57%
    $200k-400k 8 $2,110,000 $263,750 $2,894 4.92%
    $600k-1MM 8 $6,280,000 $785,000 $8,455 4.69%
    $100k-200k 7 $915,000 $130,714 $1,311 5.91%
    $1MM+ 5 $5,915,000 $1,183,000 $14,834 4.53%
    $400k-600k 3 $1,525,000 $508,333 $7,714 4.54%

    2018 saw Arizona Bank & Trust place emphasis on $100,000 or less loans with 11 originations, totaling $605,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 19 $11,215,000 $590,263 $8,332 4.80%
    $150k-250k 9 $2,555,000 $283,889 $4,016 6.19%
    $50k or less 4 $1,250,000 $312,500 $5,668 5.14%
    $75k-100k 4 $430,000 $107,500 $522 6.23%
    $100k-150k 3 $1,395,000 $465,000 $1,783 5.57%

    Arizona Bank & Trust lent most frequently to those with incomes in the $250k+ range, with 19 originations. The second most popular income band? $150k-250k, with 9 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 9 $3,505,000 $389,444 $3,821 5.10%
    30-36% 8 $2,780,000 $347,500 $3,442 5.89%
    40% 5 $2,275,000 $455,000 $14,615 4.70%
    20-30% 4 $1,840,000 $460,000 $6,552 6.50%
    >60% 3 $1,815,000 $605,000 $12,215 4.50%
    41% 3 $1,065,000 $355,000 $4,949 5.29%
    42% 2 $1,040,000 $520,000 $6,636 5.88%
    50-60% 2 $1,030,000 $515,000 $1,704 5.00%
    36% 1 $175,000 $175,000 $1,183 6.75%
    43% 1 $105,000 $105,000 $299 5.20%
    48% 1 $1,145,000 $1,145,000 $19,741 4.50%
    38% 1 $145,000 $145,000 $5,188 4.50%

    Arizona Bank & Trust lent most frequently to those with DTI ratios of <20%, with 9 originations. The next most common DTI ratio? 30-36%, with 8 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 35 $16,295,000 $465,571 $5,887 5.33%
    Not provided 5 $925,000 $185,000 $1,712 5.35%
    Black 1 $85,000 $85,000 $4,681 5.13%
    Not applicable 1 $45,000 $45,000 $0 8.49%

    Approval Rates

    Total approvals of all applications
    82.09%

    Arizona Bank & Trust has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    69.05%

    Arizona Bank & Trust has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 42 $17,350,000 $413,095

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 42 $17,350,000 $413,095

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 4 $550,000 $137,500 $494 6.61%
    40-60% 4 $2,610,000 $652,500 $7,711 4.56%
    60-80% 12 $7,870,000 $655,833 $9,281 4.69%
    80-100% 10 $5,370,000 $537,000 $8,582 4.56%
    Under 20% 12 $950,000 $79,167 $386 6.68%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Arizona Bank & Trust 1000 North 54th Street Chandler, AZ 85226 Full Service B&M $0
    Arizona Bank & Trust 1000 North 54th Street Chandler, AZ 85226 Full Service B&M $83,138
    Arizona Bank & Trust 1331 West Southern Avenue Mesa, AZ 85202 Full Service B&M $40,599
    Arizona Bank & Trust 2036 East Camelback Road Phoenix, AZ 85016 Full Service B&M $219,996
    Arizona Bank & Trust 3471 West Frye Road Chandler, AZ 85226 Full Service B&M $17,526
    Arizona Bank & Trust 4117 South Gilbert Road Gilbert, AZ 85297 Full Service B&M $22,704
    Arizona Bank & Trust 6641 S. Kings Ranch Road Gold Canyon, AZ 85118 Full Service B&M $19,202
    Arizona Bank & Trust 7555 East Redfield Road Scottsdale, AZ 85260 Full Service B&M $71,365
    Arizona Bank & Trust 980 East Baseline Road Tempe, AZ 85283 Full Service B&M $84,365

    For 2018, Arizona Bank & Trust had 9 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $27,958
    Net interest income $25,987
    Total noninterest income $9,146
    Gross Fiduciary activities income $3,071
    Service charges on deposit accounts $1,384
    Trading account gains and fees $0
    Additional Noninterest Income $4,691
    Pre-tax net operating income $13,653
    Securities gains (or losses, -) $-99
    Income before extraordinary items $10,338
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $10,338
    Minority interest net income $0
    Net income $10,338
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $10,416

    Arizona Bank & Trust's gross interest income from loans was $27,958,000.
    Arizona Bank & Trust's net interest income from loans was $25,987,000.
    Arizona Bank & Trust's fee based income from loans was $1,384,000.
    Arizona Bank & Trust's net income from loans was $10,338,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,971
    Provision for credit losses $-831
    Total noninterest expense $22,311
    Salaries and employee benefits $9,093
    Premises and equipment expense $1,633
    Additional noninterest expense $11,585
    Applicable income taxes $3,216
    Net charge-offs $184
    Cash dividends $7,500

    Arizona Bank & Trust's interest expense for loans was $1,971,000.
    Arizona Bank & Trust's payroll and benefits expense were $9,093,000.
    Arizona Bank & Trust's property, plant and equipment expenses $1,633,000.

    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 0.0%
    HELOC loans 0.0%
    All other family 1.0%
    Commercial & industrial loans 1.0%
    Personal loans 0.0%
    Credit card loans 0.2%
    Other individual loans 0.0%
    Auto loans 1.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $574,762
    Deposits held in domestic offices $574,762
    Deposits by Individuals, partnerships, and corporations $571,998
    Deposits by U.S. Government $2
    Deposits by States and political subdivisions in the U.S. $2,762
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $103,936
    Demand deposits $66,885
    Nontransaction accounts $470,826
    Money market deposit accounts (MMDAs) $417,522
    Other savings deposits (excluding MMDAs) $33,483
    Total time deposits $19,821
    Total time and savings deposits $507,877
    Noninterest-bearing deposits $291,026
    Interest-bearing deposits $283,736
    Retail deposits $572,721
    IRAs and Keogh plan accounts $5,141
    Brokered deposits $1
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $658,973
    Cash & Balances due from depository institutions $13,258
    Interest-bearing balances $3,954
    Total securities $136,955
    Federal funds sold & reverse repurchase $0
    Net loans and leases $469,347
    Loan and leases loss allowance $3,604
    Trading account assets $579
    Bank premises and fixed assets $17,906
    Other real estate owned $249
    Goodwill and other intangibles $7,558
    All other assets $13,121

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $658,973
    Total Liabilities $593,447
    Total deposits $574,762
    Interest-bearing deposits $283,736
    Deposits held in domestic offices $574,762
    % insured (estimated) $52
    Federal funds purchased and repurchase agreements $13,500
    Trading liabilities $579
    Other borrowed funds $918
    Subordinated debt $0
    All other liabilities $3,688

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $469,347
    Loan and leases loss allowance $3,604
    Total loans and leases (domestic) $472,951
    All real estate loans $322,528
    Real estate loans in domestic offices $322,528
    Construction and development loans $37,816
    Residential 1-4 family construction $1,353
    Other construction, all land development and other land $36,463
    Loans secured by nonfarm nonresidential properties $163,518
    Nonfarm nonresidential secured by owner-occupied properties $116,963
    Commercial real estate & other non-farm, non-residential $46,555
    Multifamily residential real estate $895
    1-4 family residential loans $119,949
    Farmland loans $350
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $124,056
    To non-U.S. addressees $0
    Loans to individuals $11,789
    Credit card loans $594
    Related Plans $7,522
    Consumer Auto Loans $1,418
    Other loans to individuals $2,255
    All other loans & leases $15,135
    Loans to foreign governments and official institutions $0
    Other loans $119
    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 $204
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Arizona Bank & Trust had $469,347,000 of loans outstanding in 2018. $322,528,000 of loans were in real estate loans. $37,816,000 of loans were in development loans. $895,000 of loans were in multifamily mortgage loans. $119,949,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $594,000 of loans were in credit card loans. $1,418,000 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 152 $49,836 $327,868
    Nonfarm, nonresidential loans - <$100k 8 $435 $54,375
    Nonfarm, nonresidential loans - $100-250k 32 $4,001 $125,031
    Nonfarm, nonresidential loans - $250k-1MM 112 $45,400 $405,357
    Commercial & Industrial, US addressed loans - <$1MM 615 $48,288 $78,517
    Commercial & Industrial, US addressed loans - <$100k 323 $7,439 $23,031
    Commercial & Industrial, US addressed loans - $100-250k 140 $11,554 $82,529
    Commercial & Industrial, US addressed loans - $250k-1MM 152 $29,295 $192,730
    Farmland loans - <$1MM 3 $350 $116,667
    Farmland loans - $100-250k 3 $350 $116,667