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

Jump to:

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 loans. Arizona Bank & Trust has a high proportion of conventional loans. Their top (well, only) market is Phoenix.

    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.

    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.


    Originations

    22

    Origination Dollar Volume (All Markets)

    $40,300,000

    Employee count

    60

    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) 22 $40,300,000 $1,831,818 $0 0.00%
    Arizona Bank & Trust's top markets include and Phoenix among others.

    Their top states include:
  • Arizona (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.

    Deer Valley Credit Union
    Similarity Rank: 820
    PIMA Federal Credit Union
    Similarity Rank: 1136
    VANTAGE WEST
    Similarity Rank: 1230
    ARIZONA
    Similarity Rank: 1296
    First Credit Union
    Similarity Rank: 1364
    OneAZ Credit Union
    Similarity Rank: 1469
    ARIZONA CENTRAL
    Similarity Rank: 1504
    BELEM SERVICING LLC
    Similarity Rank: 1598
    Canyon State Credit Union
    Similarity Rank: 1710
    CREDIT UNION WEST
    Similarity Rank: 1806

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 22 $40,300,000 $1,831,818 $0 0.00%

    For 2019, Arizona Bank & Trust's most frequently originated type of loan was Conventional, with 22 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 11 $585,000 $53,182 $0 0.00%
    Home Purchase 5 $38,765,000 $7,753,000 $0 0.00%
    Refi 5 $925,000 $185,000 $0 0.00%
    Other 1 $25,000 $25,000 $0 0.00%

    For 2019, Arizona Bank & Trust's most frequently cited loan purpose was Home Improvement, with 11 originations. The 2nd most popular reason was Home Purchase, with 5 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 22 $40,300,000 $1,831,818 $0 0.00%

    For 2019, Arizona Bank & Trust's most frequently cited loan duration was Other, with 22 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 14 $530,000 $37,857 $0 0.00%
    $1MM+ 2 $36,630,000 $18,315,000 $0 0.00%
    $200k-400k 2 $520,000 $260,000 $0 0.00%
    $600k-1MM 2 $1,930,000 $965,000 $0 0.00%
    $100k-200k 1 $145,000 $145,000 $0 0.00%
    $400k-600k 1 $545,000 $545,000 $0 0.00%

    2019 saw Arizona Bank & Trust place emphasis on $100,000 or less loans with 14 originations, totaling $530,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 5 $345,000 $69,000 $0 0.00%
    $75k-100k 4 $150,000 $37,500 $0 0.00%
    $100k-150k 2 $80,000 $40,000 $0 0.00%
    $50k-75k 2 $250,000 $125,000 $0 0.00%

    Arizona Bank & Trust lent most frequently to those with incomes in the $150k-250k range, with 5 originations. The second most popular income band? $75k-100k, with 4 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 22 $40,300,000 $1,831,818 $0 0.00%

    Arizona Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 22 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 7 $39,425,000 $5,632,143 $0 0.00%
    White 13 $805,000 $61,923 $0 0.00%
    Not provided 2 $70,000 $35,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    71.11%

    Arizona Bank & Trust has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    54.55%

    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
    Exempt 22 $40,300,000 $1,831,818

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 5 $39,105,000 $7,821,000
    Single Family (1-4 Units):Site-Built 17 $1,195,000 $70,294

    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 $96,188
    Arizona Bank & Trust 1331 West Southern Avenue Mesa, AZ 85202 Full Service B&M $48,829
    Arizona Bank & Trust 2036 East Camelback Road Phoenix, AZ 85016 Full Service B&M $280,621
    Arizona Bank & Trust 3471 West Frye Road Chandler, AZ 85226 Full Service B&M $17,415
    Arizona Bank & Trust 4117 South Gilbert Road Gilbert, AZ 85297 Full Service B&M $34,801
    Arizona Bank & Trust 7555 East Redfield Road Scottsdale, AZ 85260 Full Service B&M $83,114
    Arizona Bank & Trust 980 East Baseline Road Tempe, AZ 85283 Full Service B&M $85,760

    For 2019, Arizona Bank & Trust had 8 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $31,295
    Net interest income $28,406
    Total noninterest income $8,504
    Gross Fiduciary activities income $2,554
    Service charges on deposit accounts $1,676
    Trading account gains and fees $0
    Additional Noninterest Income $4,274
    Pre-tax net operating income $12,881
    Securities gains (or losses, -) $454
    Income before extraordinary items $10,105
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $10,105
    Minority interest net income $0
    Net income $10,105
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $9,746

    Arizona Bank & Trust's gross interest income from loans was $31,295,000.
    Arizona Bank & Trust's net interest income from loans was $28,406,000.
    Arizona Bank & Trust's fee based income from loans was $1,676,000.
    Arizona Bank & Trust's net income from loans was $10,105,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,889
    Provision for credit losses $2,503
    Total noninterest expense $21,526
    Salaries and employee benefits $7,540
    Premises and equipment expense $1,661
    Additional noninterest expense $12,325
    Applicable income taxes $3,230
    Net charge-offs $280
    Cash dividends $500

    Arizona Bank & Trust's interest expense for loans was $2,889,000.
    Arizona Bank & Trust's payroll and benefits expense were $7,540,000.
    Arizona Bank & Trust's property, plant and equipment expenses $1,661,000.

    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 3.0%
    Personal loans 0.0%
    Credit card loans 1.1%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $693,974
    Deposits held in domestic offices $693,974
    Deposits by Individuals, partnerships, and corporations $690,168
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $3,806
    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 $124,725
    Demand deposits $70,862
    Nontransaction accounts $569,249
    Money market deposit accounts (MMDAs) $508,388
    Other savings deposits (excluding MMDAs) $35,126
    Total time deposits $25,735
    Total time and savings deposits $623,112
    Noninterest-bearing deposits $308,760
    Interest-bearing deposits $385,214
    Retail deposits $685,465
    IRAs and Keogh plan accounts $4,771
    Brokered deposits $1
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $784,240
    Cash & Balances due from depository institutions $23,744
    Interest-bearing balances $4,434
    Total securities $161,720
    Federal funds sold & reverse repurchase $12,625
    Net loans and leases $544,775
    Loan and leases loss allowance $5,827
    Trading account assets $1,980
    Bank premises and fixed assets $16,141
    Other real estate owned $1,950
    Goodwill and other intangibles $7,457
    All other assets $13,848

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $784,240
    Total Liabilities $706,148
    Total deposits $693,974
    Interest-bearing deposits $385,214
    Deposits held in domestic offices $693,974
    % insured (estimated) $45
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $1,980
    Other borrowed funds $1,750
    Subordinated debt $0
    All other liabilities $8,444

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $544,775
    Loan and leases loss allowance $5,827
    Total loans and leases (domestic) $550,602
    All real estate loans $347,261
    Real estate loans in domestic offices $347,261
    Construction and development loans $65,424
    Residential 1-4 family construction $1,864
    Other construction, all land development and other land $63,560
    Loans secured by nonfarm nonresidential properties $190,461
    Nonfarm nonresidential secured by owner-occupied properties $136,698
    Commercial real estate & other non-farm, non-residential $53,763
    Multifamily residential real estate $691
    1-4 family residential loans $90,412
    Farmland loans $273
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $172,880
    To non-U.S. addressees $0
    Loans to individuals $8,801
    Credit card loans $638
    Related Plans $4,448
    Consumer Auto Loans $1,324
    Other loans to individuals $2,391
    All other loans & leases $22,686
    Loans to foreign governments and official institutions $0
    Other loans $44
    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 $201
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Arizona Bank & Trust had $544,775,000 of loans outstanding in 2019. $347,261,000 of loans were in real estate loans. $65,424,000 of loans were in development loans. $691,000 of loans were in multifamily mortgage loans. $90,412,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $638,000 of loans were in credit card loans. $1,324,000 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 139 $44,032 $316,777
    Nonfarm, nonresidential loans - <$100k 7 $443 $63,286
    Nonfarm, nonresidential loans - $100-250k 33 $3,840 $116,364
    Nonfarm, nonresidential loans - $250k-1MM 99 $39,749 $401,505
    Commercial & Industrial, US addressed loans - <$1MM 598 $44,179 $73,878
    Commercial & Industrial, US addressed loans - <$100k 317 $6,518 $20,562
    Commercial & Industrial, US addressed loans - $100-250k 126 $10,056 $79,810
    Commercial & Industrial, US addressed loans - $250k-1MM 155 $27,605 $178,097
    Farmland loans - <$1MM 3 $273 $91,000
    Farmland loans - $100-250k 3 $273 $91,000