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 Refi and Home Purchase loans. Arizona Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include: Phoenix, Flagstaff, Santa Maria, Show Low, and Prescott Valley among others. We have data for 7 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 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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    Originations

    151

    Origination Dollar Volume (All Markets)

    $61,245,000

    Employee count

    72

    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) 139 $55,925,000 $402,338 $1,457 2.91%
    FLAGSTAFF, AZ (FHA|USDA|VA) 4 $1,800,000 $450,000 $2,773 3.16%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $1,275,000 $1,275,000 $2,384 2.50%
    Show Low, AZ (FHA|USDA|VA) 3 $775,000 $258,333 $616 2.50%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 2 $750,000 $375,000 $959 2.50%
    Outside of Metro Areas 1 $465,000 $465,000 $2,029 2.50%
    RENO, NV (FHA|USDA|VA) 1 $255,000 $255,000 $183 2.90%
    Arizona Bank & Trust's top markets include Phoenix, Flagstaff, Santa Maria, Show Low, and Prescott Valley among others.

    Their top states include:
  • Arizona (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Wyoming (FHA|USDA|VA)
  • Nevada (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.

    First Credit Union
    Similarity Rank: 378
    ARIZONA CENTRAL
    Similarity Rank: 1166
    AERO Federal Credit Union
    Similarity Rank: 1428
    LOANFLIGHT LENDING, LLC
    Similarity Rank: 1950
    PIMA Federal Credit Union
    Similarity Rank: 2106
    OneAZ Credit Union
    Similarity Rank: 2376
    Western State Bank
    Similarity Rank: 2520
    CREDIT UNION WEST
    Similarity Rank: 2888
    VANTAGE WEST
    Similarity Rank: 3180
    WINNPOINTE CORPORATION
    Similarity Rank: 3266

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 151 $61,245,000 $405,596 $1,462 2.90%

    For 2021, Arizona Bank & Trust's most frequently originated type of loan was Conventional, with 151 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 71 $33,185,000 $467,394 $1,352 2.74%
    Home Improvement 46 $4,810,000 $104,565 $341 3.00%
    Other 16 $3,030,000 $189,375 $661 3.06%
    Home Purchase 12 $12,300,000 $1,025,000 $6,312 3.15%
    Cash Out Refi 6 $7,920,000 $1,320,000 $4,555 3.02%

    For 2021, Arizona Bank & Trust's most frequently cited loan purpose was Refi, with 71 originations. The 2nd most popular reason was Home Improvement, with 46 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 125 $33,025,000 $264,200 $791 2.84%
    30 Year 18 $25,500,000 $1,416,667 $6,477 3.04%
    10 Year 4 $180,000 $45,000 $195 2.88%
    Other 3 $2,345,000 $781,667 $153 3.77%
    5 Year 1 $195,000 $195,000 $0 4.75%

    For 2021, Arizona Bank & Trust's most frequently cited loan duration was 15 Year, with 125 originations. The 2nd most popular length was 30 Year, with 18 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 129 $32,855,000 $254,690
    $1k-2k 18 $23,810,000 $1,322,778
    $5k+ 1 $2,175,000 $2,175,000

    Arizona Bank & Trust's average total fees were $6,477, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 129 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    <2.5% 80 $25,180,000 $314,750
    2.5-3% 41 $20,345,000 $496,220
    3-4% 24 $15,090,000 $628,750
    4-5% 4 $540,000 $135,000
    5-6% 1 $35,000 $35,000
    7-8% 1 $55,000 $55,000

    During 2021, Arizona Bank & Trust's average interest rate for loans was 3.04%, while their most frequently originated rate bucket for loans was <2.5%, with 80 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 44 $2,400,000 $54,545 $295 3.17%
    $200k-400k 34 $9,000,000 $264,706 $707 2.62%
    $100k-200k 27 $3,775,000 $139,815 $344 3.00%
    $1MM+ 17 $28,745,000 $1,690,882 $6,462 3.00%
    $400k-600k 15 $7,375,000 $491,667 $1,543 2.59%
    $600k-1MM 14 $9,950,000 $710,714 $3,155 2.71%

    2021 saw Arizona Bank & Trust place emphasis on $100,000 or less loans with 44 originations, totaling $2,400,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 48 $40,040,000 $834,167 $3,137 2.76%
    $150k-250k 34 $9,280,000 $272,941 $936 2.93%
    $100k-150k 26 $5,590,000 $215,000 $661 2.82%
    $50k-75k 16 $1,300,000 $81,250 $357 2.96%
    $75k-100k 11 $975,000 $88,636 $415 3.32%
    $50k or less 4 $380,000 $95,000 $364 2.50%

    Arizona Bank & Trust lent most frequently to those with incomes in the $250k+ range, with 48 originations. The second most popular income band? $150k-250k, with 34 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 44 $16,620,000 $377,727 $1,318 2.82%
    <20% 26 $15,520,000 $596,923 $2,293 2.62%
    30-36% 24 $7,670,000 $319,583 $1,089 2.96%
    36% 9 $5,765,000 $640,556 $1,876 2.86%
    42% 9 $4,315,000 $479,444 $2,043 3.18%
    41% 7 $895,000 $127,857 $392 2.85%
    38% 6 $2,010,000 $335,000 $1,839 2.81%
    40% 5 $2,145,000 $429,000 $2,292 3.28%
    39% 4 $330,000 $82,500 $317 3.20%
    37% 3 $1,815,000 $605,000 $1,919 2.98%
    43% 3 $455,000 $151,667 $420 2.50%
    48% 1 $255,000 $255,000 $183 2.90%
    49% 1 $65,000 $65,000 $171 2.50%
    50-60% 1 $145,000 $145,000 $283 3.75%

    Arizona Bank & Trust lent most frequently to those with DTI ratios of 20-30%, with 44 originations. The next most common DTI ratio? <20%, with 26 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 110 $44,510,000 $404,636 $1,433 2.86%
    Not provided 34 $12,920,000 $380,000 $1,632 2.87%
    Not applicable 3 $2,405,000 $801,667 $0 4.52%
    Black 1 $685,000 $685,000 $1,689 2.50%
    Asian Indian 1 $545,000 $545,000 $1,116 2.50%
    American Indian 1 $125,000 $125,000 $238 3.75%
    Filipino 1 $55,000 $55,000 $238 2.50%

    Approval Rates

    Total approvals of all applications
    76.39%

    Arizona Bank & Trust has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    82.12%

    Arizona Bank & Trust has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 151 $61,245,000 $405,596

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    151 $61,245,000 $405,596

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 37 $13,505,000 $365,000 $1,030 2.82%
    40-60% 26 $15,060,000 $579,231 $1,637 2.60%
    60-80% 26 $22,660,000 $871,538 $3,485 2.83%
    80-100% 6 $4,960,000 $826,667 $5,305 2.92%
    Under 20% 56 $5,060,000 $90,357 $335 3.11%

    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 $158,480
    Arizona Bank & Trust 1331 West Southern Avenue Mesa, AZ 85202 Full Service B&M $74,021
    Arizona Bank & Trust 2036 East Camelback Road Phoenix, AZ 85016 Full Service B&M $749,034
    Arizona Bank & Trust 32621 North Scottsdale Road Scottsdale, AZ 85262 Full Service B&M $54,451
    Arizona Bank & Trust 4117 South Gilbert Road Gilbert, AZ 85297 Full Service B&M $60,567
    Arizona Bank & Trust 7555 East Redfield Road Scottsdale, AZ 85260 Full Service B&M $108,860
    Arizona Bank & Trust 8700 East Pinnacle Peak Road Scottsdale, AZ 85255 Full Service B&M $37,576
    Arizona Bank & Trust 8700 N. Gainey Center Dr., Ste 100 Scottsdale, AZ 85258 Full Service B&M $26,554
    Arizona Bank & Trust 980 East Baseline Road Tempe, AZ 85283 Full Service B&M $180,705

    For 2021, Arizona Bank & Trust had 10 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $50,812
    Net interest income $50,261
    Total noninterest income $10,645
    Gross Fiduciary activities income $2,920
    Service charges on deposit accounts $2,408
    Trading account gains and fees $0
    Additional Noninterest Income $5,317
    Pre-tax net operating income $26,419
    Securities gains (or losses, -) $414
    Income before extraordinary items $21,084
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $21,084
    Minority interest net income $0
    Net income $21,084
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $20,756

    Arizona Bank & Trust's gross interest income from loans was $50,812,000.
    Arizona Bank & Trust's net interest income from loans was $50,261,000.
    Arizona Bank & Trust's fee based income from loans was $2,408,000.
    Arizona Bank & Trust's net income from loans was $21,084,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $551
    Provision for credit losses $768
    Total noninterest expense $33,719
    Salaries and employee benefits $8,449
    Premises and equipment expense $2,992
    Additional noninterest expense $22,278
    Applicable income taxes $5,749
    Net charge-offs $97
    Cash dividends $0

    Arizona Bank & Trust's interest expense for loans was $551,000.
    Arizona Bank & Trust's payroll and benefits expense were $8,449,000.
    Arizona Bank & Trust's property, plant and equipment expenses $2,992,000.

    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 0.0%
    Credit card loans 0.0%
    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 $1,768,794
    Deposits held in domestic offices $1,768,794
    Deposits by Individuals, partnerships, and corporations $1,764,911
    Deposits by U.S. Government $2
    Deposits by States and political subdivisions in the U.S. $3,881
    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 $326,155
    Demand deposits $173,877
    Nontransaction accounts $1,442,639
    Money market deposit accounts (MMDAs) $1,330,286
    Other savings deposits (excluding MMDAs) $80,178
    Total time deposits $32,175
    Total time and savings deposits $1,594,917
    Noninterest-bearing deposits $913,642
    Interest-bearing deposits $855,152
    Retail deposits $1,756,805
    IRAs and Keogh plan accounts $8,608
    Brokered deposits $1
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,969,184
    Cash & Balances due from depository institutions $12,390
    Interest-bearing balances $4,535
    Total securities $918,246
    Federal funds sold & reverse repurchase $40,650
    Net loans and leases $902,157
    Loan and leases loss allowance $8,542
    Trading account assets $2,766
    Bank premises and fixed assets $19,464
    Other real estate owned $0
    Goodwill and other intangibles $46,772
    All other assets $26,739

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,969,184
    Total Liabilities $1,780,713
    Total deposits $1,768,794
    Interest-bearing deposits $855,152
    Deposits held in domestic offices $1,768,794
    % insured (estimated) $37
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $2,766
    Other borrowed funds $3,086
    Subordinated debt $0
    All other liabilities $6,067

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $902,157
    Loan and leases loss allowance $8,542
    Total loans and leases (domestic) $910,699
    All real estate loans $616,121
    Real estate loans in domestic offices $616,121
    Construction and development loans $96,916
    Residential 1-4 family construction $2,448
    Other construction, all land development and other land $94,468
    Loans secured by nonfarm nonresidential properties $381,212
    Nonfarm nonresidential secured by owner-occupied properties $250,282
    Commercial real estate & other non-farm, non-residential $130,930
    Multifamily residential real estate $4,735
    1-4 family residential loans $122,059
    Farmland loans $11,199
    Loans held in foreign offices $0
    Farm loans $238
    Commercial and industrial loans $262,965
    To non-U.S. addressees $0
    Loans to individuals $11,097
    Credit card loans $617
    Related Plans $7,894
    Consumer Auto Loans $857
    Other loans to individuals $1,729
    All other loans & leases $20,278
    Loans to foreign governments and official institutions $0
    Other loans $42
    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 $902,157,000 of loans outstanding in 2021. $616,121,000 of loans were in real estate loans. $96,916,000 of loans were in development loans. $4,735,000 of loans were in multifamily mortgage loans. $122,059,000 of loans were in 1-4 family mortgage loans. $238,000 of loans were in farm loans. $617,000 of loans were in credit card loans. $857,000 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 146 $52,111 $356,925
    Nonfarm, nonresidential loans - <$100k 7 $351 $50,143
    Nonfarm, nonresidential loans - $100-250k 26 $2,541 $97,731
    Nonfarm, nonresidential loans - $250k-1MM 113 $49,219 $435,566
    Commercial & Industrial, US addressed loans - <$1MM 594 $52,718 $88,751
    Commercial & Industrial, US addressed loans - <$100k 269 $4,769 $17,729
    Commercial & Industrial, US addressed loans - $100-250k 141 $11,268 $79,915
    Commercial & Industrial, US addressed loans - $250k-1MM 184 $36,681 $199,353
    Farmland loans - <$1MM 8 $2,101 $262,625
    Farmland loans - $100-250k 2 $122 $61,000
    Farmland loans - $250k-1MM 6 $1,979 $329,833
    Agriculture operations loans - <$1MM 1 $238 $238,000
    Agriculture operations loans - $100-250k 1 $238 $238,000