The First National Bank And Trust Company Of Okmulgee Mortgage Rates, Fees & Info

Okmulgee, OK

LEI: 549300E8JTSHNU1K4K92

Tax ID: 73-0177595

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    The First National Bank And Trust Company Of Okmulgee is a smaller bank specializing in Refi and Home Purchase loans. The First National Bank And Trust Company Of Okmulgee has a high proportion of conventional loans. Their top markets by origination volume include: Tulsa, Oklahoma City, Houston, Branson, and Stillwater among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The First National Bank And Trust Company Of Okmulgee 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

    119

    Origination Dollar Volume (All Markets)

    $10,525,000

    Employee count

    66

    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
    TULSA, OK (FHA|USDA|VA) 92 $7,100,000 $77,174 $1,014 6.44%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 6 $1,780,000 $296,667 $2,723 5.78%
    Outside of Metro Areas 16 $1,320,000 $82,500 $998 6.50%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $155,000 $155,000 $3,146 6.50%
    Branson, MO (FHA|USDA|VA) 1 $95,000 $95,000 $1,442 6.50%
    Stillwater, OK (FHA|USDA|VA) 1 $25,000 $25,000 $0 5.75%
    Shawnee, OK (FHA|USDA|VA) 1 $25,000 $25,000 $1,912 7.00%
    Muskogee, OK (FHA|USDA|VA) 1 $25,000 $25,000 $0 7.00%
    The First National Bank And Trust Company Of Okmulgee's top markets include Tulsa, Oklahoma City, Houston, Branson, and Stillwater among others.

    Their top states include:
  • Oklahoma (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 119 $10,525,000 $88,445 $1,076 6.42%

    For 2018, The First National Bank And Trust Company Of Okmulgee's most frequently originated type of loan was Conventional, with 119 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 51 $5,065,000 $99,314 $715 6.43%
    Home Purchase 46 $4,380,000 $95,217 $1,672 6.36%
    Home Improvement 15 $775,000 $51,667 $1,066 6.53%
    Cash Out Refi 7 $305,000 $43,571 $1,437 6.46%

    For 2018, The First National Bank And Trust Company Of Okmulgee's most frequently cited loan purpose was Refi, with 51 originations. The 2nd most popular reason was Home Purchase, with 46 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 44 $2,900,000 $65,909 $1,200 6.56%
    Other 27 $2,045,000 $75,741 $661 6.37%
    5 Year 22 $2,700,000 $122,727 $518 6.26%
    3 Year 15 $1,355,000 $90,333 $589 6.40%
    10 Year 7 $405,000 $57,857 $1,139 6.46%
    20 Year 2 $560,000 $280,000 $3,234 6.25%
    1 Year 2 $560,000 $280,000 $3,146 5.88%

    For 2018, The First National Bank And Trust Company Of Okmulgee's most frequently cited loan duration was 15 Year, with 44 originations. The 2nd most popular length was Other, with 27 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 76 $4,490,000 $59,079
    $1k-2k 4 $910,000 $227,500

    The First National Bank And Trust Company Of Okmulgee's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 76 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 91 $4,715,000 $51,813
    5-6% 25 $5,535,000 $221,400
    7-8% 2 $200,000 $100,000
    4-5% 1 $75,000 $75,000

    During 2018, The First National Bank And Trust Company Of Okmulgee's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 6-7%, with 91 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 93 $3,995,000 $42,957 $947 6.50%
    $100k-200k 16 $2,350,000 $146,875 $1,594 6.40%
    $400k-600k 5 $2,365,000 $473,000 $4,964 5.65%
    $200k-400k 4 $1,090,000 $272,500 $150 5.68%
    $600k-1MM 1 $725,000 $725,000 $0 5.25%

    2018 saw The First National Bank And Trust Company Of Okmulgee place emphasis on $100,000 or less loans with 93 originations, totaling $3,995,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 39 $1,515,000 $38,846 $1,023 6.65%
    $50k-75k 19 $1,105,000 $58,158 $1,088 6.50%
    $100k-150k 18 $1,580,000 $87,778 $973 6.18%
    $75k-100k 14 $780,000 $55,714 $1,097 6.55%
    $150k-250k 8 $1,640,000 $205,000 $1,659 6.22%
    $250k+ 3 $305,000 $101,667 $985 6.67%

    The First National Bank And Trust Company Of Okmulgee lent most frequently to those with incomes in the $50k or less range, with 39 originations. The second most popular income band? $50k-75k, with 19 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 27 $2,035,000 $75,370 $1,207 6.44%
    <20% 24 $1,800,000 $75,000 $989 6.51%
    30-36% 15 $1,215,000 $81,000 $991 6.52%
    50-60% 6 $210,000 $35,000 $1,005 6.58%
    >60% 5 $485,000 $97,000 $609 6.60%
    42% 5 $215,000 $43,000 $1,366 6.70%
    44% 3 $245,000 $81,667 $1,674 6.33%
    41% 3 $175,000 $58,333 $1,601 6.33%
    47% 3 $225,000 $75,000 $1,056 6.33%
    39% 2 $100,000 $50,000 $927 6.50%
    46% 2 $90,000 $45,000 $1,091 6.50%
    49% 2 $60,000 $30,000 $361 6.50%
    37% 2 $80,000 $40,000 $739 6.50%
    48% 1 $35,000 $35,000 $1,370 6.50%
    45% 1 $25,000 $25,000 $1,448 6.50%
    38% 1 $25,000 $25,000 $250 7.00%
    36% 1 $475,000 $475,000 $0 5.50%

    The First National Bank And Trust Company Of Okmulgee lent most frequently to those with DTI ratios of 20-30%, with 27 originations. The next most common DTI ratio? <20%, with 24 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 79 $5,795,000 $73,354 $1,151 6.50%
    Not applicable 16 $3,500,000 $218,750 $0 5.90%
    American Indian 13 $885,000 $68,077 $654 6.42%
    Black 10 $320,000 $32,000 $1,020 6.60%
    Asian 1 $25,000 $25,000 $1,420 6.50%

    Approval Rates

    Total approvals of all applications
    88.10%

    The First National Bank And Trust Company Of Okmulgee has an average approval rate.

    Pick Rate

    Approvals leading to origination
    76.47%

    The First National Bank And Trust Company Of Okmulgee has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 119 $10,525,000 $88,445

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 6 $1,010,000 $168,333
    Single Family (1-4 Units):Manufactured 14 $1,080,000 $77,143
    Single Family (1-4 Units):Site-Built 99 $8,435,000 $85,202

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 12 $740,000 $61,667 $1,145 6.46%
    40-60% 16 $1,290,000 $80,625 $1,154 6.23%
    60-80% 36 $3,380,000 $93,889 $1,147 6.45%
    80-100% 48 $4,810,000 $100,208 $1,059 6.42%
    Over 100% 2 $180,000 $90,000 $1,129 6.75%
    Under 20% 5 $125,000 $25,000 $247 6.50%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The First National Bank and Trust Company of Okmulgee 1800 South Wood Drive Okmulgee, OK 74447 Full Service Retail $8,115
    The First National Bank and Trust Company of Okmulgee 200 South Wewoka Avenue Wewoka, OK 74884 Full Service B&M $37,360
    The First National Bank and Trust Company of Okmulgee 4th And Trudgeon Streets Henryetta, OK 74437 Full Service B&M $53,259
    The First National Bank and Trust Company of Okmulgee 610 East Eighth Street Okmulgee, OK 74447 Full Service B&M $135,884

    For 2018, The First National Bank And Trust Company Of Okmulgee had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $11,082
    Net interest income $9,535
    Total noninterest income $1,964
    Gross Fiduciary activities income $285
    Service charges on deposit accounts $858
    Trading account gains and fees $0
    Additional Noninterest Income $821
    Pre-tax net operating income $4,010
    Securities gains (or losses, -) $0
    Income before extraordinary items $4,010
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,010
    Minority interest net income $0
    Net income $4,010
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,010

    The First National Bank And Trust Company Of Okmulgee's gross interest income from loans was $11,082,000.
    The First National Bank And Trust Company Of Okmulgee's net interest income from loans was $9,535,000.
    The First National Bank And Trust Company Of Okmulgee's fee based income from loans was $858,000.
    The First National Bank And Trust Company Of Okmulgee's net income from loans was $4,010,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,547
    Provision for credit losses $138
    Total noninterest expense $7,351
    Salaries and employee benefits $4,431
    Premises and equipment expense $611
    Additional noninterest expense $2,309
    Applicable income taxes $0
    Net charge-offs $350
    Cash dividends $3,600

    The First National Bank And Trust Company Of Okmulgee's interest expense for loans was $1,547,000.
    The First National Bank And Trust Company Of Okmulgee's payroll and benefits expense were $4,431,000.
    The First National Bank And Trust Company Of Okmulgee's property, plant and equipment expenses $611,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 4.0%
    Real Estate loans 5.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 3.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 1.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $229,720
    Deposits held in domestic offices $229,720
    Deposits by Individuals, partnerships, and corporations $193,090
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $33,445
    Deposits by Commercial banks and other depository institutions in U.S. $3,185
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $99,832
    Demand deposits $62,303
    Nontransaction accounts $129,888
    Money market deposit accounts (MMDAs) $36,882
    Other savings deposits (excluding MMDAs) $31,323
    Total time deposits $61,683
    Total time and savings deposits $167,417
    Noninterest-bearing deposits $50,047
    Interest-bearing deposits $179,673
    Retail deposits $216,819
    IRAs and Keogh plan accounts $8,056
    Brokered deposits $4,317
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $263,267
    Cash & Balances due from depository institutions $10,153
    Interest-bearing balances $5,492
    Total securities $97,606
    Federal funds sold & reverse repurchase $970
    Net loans and leases $142,011
    Loan and leases loss allowance $2,116
    Trading account assets $0
    Bank premises and fixed assets $2,002
    Other real estate owned $42
    Goodwill and other intangibles $1,427
    All other assets $9,056

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $263,267
    Total Liabilities $232,487
    Total deposits $229,720
    Interest-bearing deposits $179,673
    Deposits held in domestic offices $229,720
    % insured (estimated) $87
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $2,767

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $142,011
    Loan and leases loss allowance $2,116
    Total loans and leases (domestic) $144,127
    All real estate loans $108,766
    Real estate loans in domestic offices $108,766
    Construction and development loans $5,485
    Residential 1-4 family construction $1,602
    Other construction, all land development and other land $3,883
    Loans secured by nonfarm nonresidential properties $55,519
    Nonfarm nonresidential secured by owner-occupied properties $20,476
    Commercial real estate & other non-farm, non-residential $35,043
    Multifamily residential real estate $1,463
    1-4 family residential loans $36,635
    Farmland loans $9,664
    Loans held in foreign offices $0
    Farm loans $1,191
    Commercial and industrial loans $26,187
    To non-U.S. addressees $0
    Loans to individuals $7,164
    Credit card loans $45
    Related Plans $0
    Consumer Auto Loans $2,146
    Other loans to individuals $4,973
    All other loans & leases $819
    Loans to foreign governments and official institutions $0
    Other loans $142
    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

    The First National Bank and Trust Company of Okmulgee had $142,011,000 of loans outstanding in 2018. $108,766,000 of loans were in real estate loans. $5,485,000 of loans were in development loans. $1,463,000 of loans were in multifamily mortgage loans. $36,635,000 of loans were in 1-4 family mortgage loans. $1,191,000 of loans were in farm loans. $45,000 of loans were in credit card loans. $2,146,000 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 136 $25,361 $186,478
    Nonfarm, nonresidential loans - <$100k 57 $1,798 $31,544
    Nonfarm, nonresidential loans - $100-250k 36 $4,663 $129,528
    Nonfarm, nonresidential loans - $250k-1MM 43 $18,900 $439,535
    Commercial & Industrial, US addressed loans - <$1MM 134 $11,607 $86,619
    Commercial & Industrial, US addressed loans - <$100k 91 $1,879 $20,648
    Commercial & Industrial, US addressed loans - $100-250k 26 $2,808 $108,000
    Commercial & Industrial, US addressed loans - $250k-1MM 17 $6,920 $407,059
    Farmland loans - <$1MM 90 $6,085 $67,611
    Farmland loans - <$100k 61 $2,082 $34,131
    Farmland loans - $100-250k 25 $3,321 $132,840
    Farmland loans - $250k-1MM 4 $682 $170,500
    Agriculture operations loans - <$1MM 73 $1,191 $16,315
    Agriculture operations loans - <$100k 71 $1,142 $16,085
    Agriculture operations loans - $100-250k 2 $49 $24,500