Arizona Bank & Trust Mortgage Rates, Fees & Info

Phoenix, AZ

LEI: 549300AF1DMBPMDRP146

Tax ID: 75-3050342

Latest/2024 | 2023 Data | 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 loans. Arizona Bank & Trust has a high proportion of conventional loans. Their top (well, only) market is Phoenix.

    Arizona Bank & Trust has a below 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

    18

    Origination Dollar Volume (All Markets)

    $24,770,000

    Employee count

    78

    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) 18 $24,770,000 $1,376,111 $5,117 5.28%
    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.

    BLUE BRICK FINANCIAL LLC
    Similarity Rank: 825
    First Credit Union
    Similarity Rank: 1034
    TRI-EMERALD FINANCIAL GROUP, INC.
    Similarity Rank: 1054
    ARIZONA CENTRAL
    Similarity Rank: 1056
    Armed Forces Bank
    Similarity Rank: 1136
    ALTITUDE FINANCIAL CORPORATION
    Similarity Rank: 1218
    Canyon State Credit Union
    Similarity Rank: 2387
    Western State Bank
    Similarity Rank: 2900
    Bank of Whittier
    Similarity Rank: 3105
    West Gate Bank
    Similarity Rank: 3456

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 18 $24,770,000 $1,376,111 $5,117 5.28%

    For 2020, Arizona Bank & Trust's most frequently originated type of loan was Conventional, with 18 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 7 $22,985,000 $3,283,571 $11,559 3.54%
    Refi 5 $1,445,000 $289,000 $2,072 5.28%
    Home Improvement 4 $170,000 $42,500 $369 8.06%
    Other 1 $45,000 $45,000 $0 7.80%
    Cash Out Refi 1 $125,000 $125,000 $3,100 3.75%

    For 2020, Arizona Bank & Trust's most frequently cited loan purpose was Home Purchase, with 7 originations. The 2nd most popular reason was Refi, with 5 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 5 $4,885,000 $977,000 $11,559 3.40%
    20 Year 4 $200,000 $50,000 $496 7.90%
    Other 4 $19,080,000 $4,770,000 $0 5.08%
    15 Year 3 $425,000 $141,667 $2,246 5.10%
    3 Year 1 $45,000 $45,000 $0 4.75%
    5 Year 1 $135,000 $135,000 $0 6.00%

    For 2020, Arizona Bank & Trust's most frequently cited loan duration was 30 Year, with 5 originations. The 2nd most popular length was 20 Year, with 4 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 6 $260,000 $43,333
    $5k+ 3 $4,145,000 $1,381,667
    $1k-2k 2 $410,000 $205,000
    $2k-3k 1 $375,000 $375,000
    $4k-5k 1 $365,000 $365,000

    Arizona Bank & Trust's average total fees were $11,559, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 6 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 9 $23,395,000 $2,599,444
    7-8% 4 $190,000 $47,500
    4-5% 2 $980,000 $490,000
    Over 8% 2 $70,000 $35,000
    5-6% 1 $135,000 $135,000

    During 2020, Arizona Bank & Trust's average interest rate for loans was 3.40%, while their most frequently originated rate bucket for loans was 3-4%, with 9 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 7 $305,000 $43,571 $370 7.46%
    $1MM+ 4 $21,490,000 $5,372,500 $14,140 3.75%
    $200k-400k 3 $1,025,000 $341,667 $6,521 3.33%
    $100k-200k 2 $260,000 $130,000 $3,100 4.88%
    $600k-1MM 2 $1,690,000 $845,000 $13,352 4.00%

    2020 saw Arizona Bank & Trust place emphasis on $100,000 or less loans with 7 originations, totaling $305,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 4 $4,050,000 $1,012,500 $9,772 3.50%
    $100k-150k 3 $465,000 $155,000 $3,252 5.93%
    $150k-250k 2 $810,000 $405,000 $6,795 6.45%
    $50k-75k 2 $140,000 $70,000 $1,669 5.90%
    $50k or less 1 $45,000 $45,000 $744 7.40%

    Arizona Bank & Trust lent most frequently to those with incomes in the $250k+ range, with 4 originations. The second most popular income band? $100k-150k, with 3 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 3 $685,000 $228,333 $4,131 4.72%
    37% 2 $2,400,000 $1,200,000 $7,821 5.65%
    30-36% 2 $180,000 $90,000 $1,669 6.70%
    50-60% 2 $1,760,000 $880,000 $13,114 3.63%
    36% 1 $65,000 $65,000 $763 7.15%
    <20% 1 $375,000 $375,000 $7,409 3.25%
    42% 1 $45,000 $45,000 $744 7.40%

    Arizona Bank & Trust lent most frequently to those with DTI ratios of 20-30%, with 3 originations. The next most common DTI ratio? 37%, with 2 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 5 $19,215,000 $3,843,000 $0 4.65%
    Not provided 5 $4,175,000 $835,000 $8,438 3.55%
    White 7 $1,315,000 $187,857 $3,366 6.69%
    Asian Indian 1 $65,000 $65,000 $763 7.15%

    Approval Rates

    Total approvals of all applications
    68.75%

    Arizona Bank & Trust has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    77.78%

    Arizona Bank & Trust has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 18 $24,770,000 $1,376,111

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $19,080,000 $4,770,000
    Single Family (1-4 Units):Manufactured 1 $125,000 $125,000
    Single Family (1-4 Units):Site-Built 13 $5,565,000 $428,077

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 2 $90,000 $45,000 $372 7.60%
    40-60% 2 $17,150,000 $8,575,000 $7,409 3.50%
    60-80% 6 $5,820,000 $970,000 $10,719 4.13%
    80-100% 3 $1,495,000 $498,333 $8,244 3.67%
    Under 20% 5 $215,000 $43,000 $369 7.40%

    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 $177,376
    Arizona Bank & Trust 1331 West Southern Avenue Mesa, AZ 85202 Full Service B&M $56,241
    Arizona Bank & Trust 2036 East Camelback Road Phoenix, AZ 85016 Full Service B&M $356,302
    Arizona Bank & Trust 4117 South Gilbert Road Gilbert, AZ 85297 Full Service B&M $52,981
    Arizona Bank & Trust 7555 East Redfield Road Scottsdale, AZ 85260 Full Service B&M $88,425
    Arizona Bank & Trust 980 East Baseline Road Tempe, AZ 85283 Full Service B&M $134,105

    For 2020, Arizona Bank & Trust had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $37,062
    Net interest income $35,905
    Total noninterest income $7,787
    Gross Fiduciary activities income $2,412
    Service charges on deposit accounts $1,706
    Trading account gains and fees $0
    Additional Noninterest Income $3,669
    Pre-tax net operating income $15,693
    Securities gains (or losses, -) $574
    Income before extraordinary items $12,407
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $12,407
    Minority interest net income $0
    Net income $12,407
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $11,953

    Arizona Bank & Trust's gross interest income from loans was $37,062,000.
    Arizona Bank & Trust's net interest income from loans was $35,905,000.
    Arizona Bank & Trust's fee based income from loans was $1,706,000.
    Arizona Bank & Trust's net income from loans was $12,407,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,157
    Provision for credit losses $4,008
    Total noninterest expense $23,991
    Salaries and employee benefits $6,704
    Premises and equipment expense $1,809
    Additional noninterest expense $15,478
    Applicable income taxes $3,860
    Net charge-offs $518
    Cash dividends $0

    Arizona Bank & Trust's interest expense for loans was $1,157,000.
    Arizona Bank & Trust's payroll and benefits expense were $6,704,000.
    Arizona Bank & Trust's property, plant and equipment expenses $1,809,000.

    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 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 1.0%
    Credit card loans 1.9%
    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 $1,357,158
    Deposits held in domestic offices $1,357,158
    Deposits by Individuals, partnerships, and corporations $1,353,078
    Deposits by U.S. Government $1
    Deposits by States and political subdivisions in the U.S. $4,079
    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 $338,283
    Demand deposits $182,070
    Nontransaction accounts $1,018,875
    Money market deposit accounts (MMDAs) $907,440
    Other savings deposits (excluding MMDAs) $74,951
    Total time deposits $36,484
    Total time and savings deposits $1,175,088
    Noninterest-bearing deposits $596,967
    Interest-bearing deposits $760,191
    Retail deposits $1,345,218
    IRAs and Keogh plan accounts $8,806
    Brokered deposits $15,018
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,529,800
    Cash & Balances due from depository institutions $13,198
    Interest-bearing balances $3,520
    Total securities $588,596
    Federal funds sold & reverse repurchase $62,125
    Net loans and leases $768,029
    Loan and leases loss allowance $8,296
    Trading account assets $6,565
    Bank premises and fixed assets $21,202
    Other real estate owned $0
    Goodwill and other intangibles $47,027
    All other assets $23,058

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,529,800
    Total Liabilities $1,375,892
    Total deposits $1,357,158
    Interest-bearing deposits $760,191
    Deposits held in domestic offices $1,357,158
    % insured (estimated) $44
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $6,565
    Other borrowed funds $5,031
    Subordinated debt $0
    All other liabilities $7,138

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $768,029
    Loan and leases loss allowance $8,296
    Total loans and leases (domestic) $776,325
    All real estate loans $465,144
    Real estate loans in domestic offices $465,144
    Construction and development loans $74,955
    Residential 1-4 family construction $2,927
    Other construction, all land development and other land $72,028
    Loans secured by nonfarm nonresidential properties $290,302
    Nonfarm nonresidential secured by owner-occupied properties $181,772
    Commercial real estate & other non-farm, non-residential $108,530
    Multifamily residential real estate $3,021
    1-4 family residential loans $96,596
    Farmland loans $270
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $278,977
    To non-U.S. addressees $0
    Loans to individuals $11,640
    Credit card loans $568
    Related Plans $7,316
    Consumer Auto Loans $1,184
    Other loans to individuals $2,572
    All other loans & leases $22,932
    Loans to foreign governments and official institutions $0
    Other loans $29
    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 $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Arizona Bank & Trust had $768,029,000 of loans outstanding in 2020. $465,144,000 of loans were in real estate loans. $74,955,000 of loans were in development loans. $3,021,000 of loans were in multifamily mortgage loans. $96,596,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $568,000 of loans were in credit card loans. $1,184,000 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 144 $47,812 $332,028
    Nonfarm, nonresidential loans - <$100k 6 $297 $49,500
    Nonfarm, nonresidential loans - $100-250k 30 $3,231 $107,700
    Nonfarm, nonresidential loans - $250k-1MM 108 $44,284 $410,037
    Commercial & Industrial, US addressed loans - <$1MM 779 $76,520 $98,228
    Commercial & Industrial, US addressed loans - <$100k 381 $8,576 $22,509
    Commercial & Industrial, US addressed loans - $100-250k 179 $16,599 $92,732
    Commercial & Industrial, US addressed loans - $250k-1MM 219 $51,345 $234,452
    Farmland loans - <$1MM 3 $270 $90,000
    Farmland loans - $100-250k 3 $270 $90,000