First State Bank And Trust Mortgage Rates, Fees & Info
Bayport, MNLEI: 549300AO417FCNJGKM49
Tax ID: 41-0257270
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Mortgage Data
Review & Overview
First State Bank And Trust is a smaller bank specializing in Home Purchase loans. First State Bank And Trust has a high proportion of conventional loans. Their top markets by origination volume include: Minneapolis, New Haven, Hilton Head Island, Clarksville, and Crestview among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)First State Bank And 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.
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Originations
112Origination Dollar Volume (All Markets)
$34,990,000Top 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 |
|---|---|---|---|---|---|
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 96 | $28,840,000 | $300,417 | $0 | 0.00% |
| Outside of Metro Areas | 9 | $2,615,000 | $290,556 | $0 | 0.00% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $1,195,000 | $1,195,000 | $0 | 0.00% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $0 | 0.00% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $0 | 0.00% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 0.00% |
| Brainerd, MN (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against First State Bank and Trust based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 55
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 112 | $34,990,000 | $312,411 | $0 | 0.00% |
For 2023, First State Bank And Trust's most frequently originated type of loan was Conventional, with 112 originations.
Loan Reason
For 2023, First State Bank And Trust's most frequently cited loan purpose was Home Purchase, with 65 originations. The 2nd most popular reason was Refi, with 18 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 112 | $34,990,000 | $312,411 | $0 | 0.00% |
For 2023, First State Bank And Trust's most frequently cited loan duration was Other, with 112 originations.
Loan Sizing
2023 saw First State Bank And Trust place emphasis on $200k-400k loans with 47 originations, totaling $13,625,000 in origination value.
Applicant Income
First State Bank And Trust lent most frequently to those with incomes in the $150k-250k range, with 23 originations. The second most popular income band? $100k-150k, with 19 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 112 | $34,990,000 | $312,411 | $0 | 0.00% |
First State Bank And Trust lent most frequently to those with DTI ratios of Exempt%, with 112 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.38%
First State Bank And Trust has an average approval rate.
Pick Rate
Approvals leading to origination80.36%
First State Bank And Trust has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 112 | $34,990,000 | $312,411 |