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, Naples, Duluth, Chicago, and Detroit among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)First State Bank And Trust has an above 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
134Origination Dollar Volume (All Markets)
$47,390,000Top 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) | 108 | $37,680,000 | $348,889 | $0 | 0.00% |
| Outside of Metro Areas | 13 | $5,605,000 | $431,154 | $0 | 0.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 3 | $1,385,000 | $461,667 | $0 | 0.00% |
| DULUTH, MN-WI (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $0 | 0.00% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 0.00% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
| ROCHESTER, MN (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
| Menomonie, WI (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 0.00% |
| BILLINGS, MT (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| OCALA, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| EAU CLAIRE, WI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| Brainerd, MN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 134 | $47,390,000 | $353,657 | $0 | 0.00% |
For 2022, First State Bank And Trust's most frequently originated type of loan was Conventional, with 134 originations.
Loan Reason
For 2022, First State Bank And Trust's most frequently cited loan purpose was Home Purchase, with 79 originations. The 2nd most popular reason was Refi, with 28 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 134 | $47,390,000 | $353,657 | $0 | 0.00% |
For 2022, First State Bank And Trust's most frequently cited loan duration was Other, with 134 originations.
Loan Sizing
2022 saw First State Bank And Trust place emphasis on $200k-400k loans with 64 originations, totaling $17,520,000 in origination value.
Applicant Income
First State Bank And Trust lent most frequently to those with incomes in the $100k-150k range, with 26 originations. The second most popular income band? $75k-100k, with 22 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 134 | $47,390,000 | $353,657 | $0 | 0.00% |
First State Bank And Trust lent most frequently to those with DTI ratios of Exempt%, with 134 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.36%
First State Bank And Trust has an average approval rate.
Pick Rate
Approvals leading to origination70.90%
First State Bank And Trust has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 134 | $47,390,000 | $353,657 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST CITIZENS BANCSHARES, INC. | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |