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

Bank Data

Review & Overview

The First National Bank And Trust Company Of Okmulgee is a smaller bank specializing in Home Purchase and Refi 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, Shawnee, and Muskogee among others. We have data for 5 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 an average pick rate when compared to similar lenders.

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Originations

160

Origination Dollar Volume (All Markets)

$13,570,000

Employee count

67

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) 88 $7,790,000 $88,523 $0 0.00%
OKLAHOMA CITY, OK (FHA|USDA|VA) 42 $3,690,000 $87,857 $0 0.00%
Outside of Metro Areas 28 $1,960,000 $70,000 $0 0.00%
Shawnee, OK (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
Muskogee, OK (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
The First National Bank And Trust Company Of Okmulgee's top markets include Tulsa, Oklahoma City, Shawnee, and Muskogee among others.

Their top states include:
  • Oklahoma (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 160 $13,570,000 $84,813 $0 0.00%

    For 2019, The First National Bank And Trust Company Of Okmulgee's most frequently originated type of loan was Conventional, with 160 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 82 $6,500,000 $79,268 $0 0.00%
    Refi 46 $4,540,000 $98,696 $0 0.00%
    Home Improvement 17 $1,665,000 $97,941 $0 0.00%
    Other 15 $865,000 $57,667 $0 0.00%

    For 2019, The First National Bank And Trust Company Of Okmulgee's most frequently cited loan purpose was Home Purchase, with 82 originations. The 2nd most popular reason was Refi, with 46 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 160 $13,570,000 $84,813 $0 0.00%

    For 2019, The First National Bank And Trust Company Of Okmulgee's most frequently cited loan duration was Other, with 160 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 122 $5,780,000 $47,377 $0 0.00%
    $100k-200k 25 $3,345,000 $133,800 $0 0.00%
    $200k-400k 10 $2,630,000 $263,000 $0 0.00%
    $600k-1MM 2 $1,240,000 $620,000 $0 0.00%
    $400k-600k 1 $575,000 $575,000 $0 0.00%

    2019 saw The First National Bank And Trust Company Of Okmulgee place emphasis on $100,000 or less loans with 122 originations, totaling $5,780,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 35 $1,905,000 $54,429 $0 0.00%
    $50k-75k 19 $1,025,000 $53,947 $0 0.00%
    $75k-100k 17 $1,345,000 $79,118 $0 0.00%
    $100k-150k 16 $2,050,000 $128,125 $0 0.00%
    $150k-250k 8 $910,000 $113,750 $0 0.00%
    $250k+ 7 $1,185,000 $169,286 $0 0.00%

    The First National Bank And Trust Company Of Okmulgee lent most frequently to those with incomes in the $50k or less range, with 35 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
    Exempt% 160 $13,570,000 $84,813 $0 0.00%

    The First National Bank And Trust Company Of Okmulgee lent most frequently to those with DTI ratios of Exempt%, with 160 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 82 $7,490,000 $91,341 $0 0.00%
    Not applicable 54 $4,940,000 $91,481 $0 0.00%
    American Indian 11 $675,000 $61,364 $0 0.00%
    Black 9 $275,000 $30,556 $0 0.00%
    Asian 1 $125,000 $125,000 $0 0.00%
    Asian Indian 2 $50,000 $25,000 $0 0.00%
    Filipino 1 $15,000 $15,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    85.29%

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

    Pick Rate

    Approvals leading to origination
    91.88%

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

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 160 $13,570,000 $84,813

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 3 $335,000 $111,667
    Single Family (1-4 Units):Manufactured 11 $575,000 $52,273
    Single Family (1-4 Units):Site-Built 146 $12,660,000 $86,712

    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 $8,075
    The First National Bank and Trust Company of Okmulgee 200 South Wewoka Avenue Wewoka, OK 74884 Full Service B&M $37,005
    The First National Bank and Trust Company of Okmulgee 4th And Trudgeon Streets Henryetta, OK 74437 Full Service B&M $51,100
    The First National Bank and Trust Company of Okmulgee 610 East Eighth Street Okmulgee, OK 74447 Full Service B&M $136,524

    For 2019, 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 $11,796
    Net interest income $9,670
    Total noninterest income $1,845
    Gross Fiduciary activities income $271
    Service charges on deposit accounts $831
    Trading account gains and fees $0
    Additional Noninterest Income $743
    Pre-tax net operating income $4,021
    Securities gains (or losses, -) $5
    Income before extraordinary items $4,026
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,026
    Minority interest net income $0
    Net income $4,026
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,021

    The First National Bank And Trust Company Of Okmulgee's gross interest income from loans was $11,796,000.
    The First National Bank And Trust Company Of Okmulgee's net interest income from loans was $9,670,000.
    The First National Bank And Trust Company Of Okmulgee's fee based income from loans was $831,000.
    The First National Bank And Trust Company Of Okmulgee's net income from loans was $4,026,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,126
    Provision for credit losses $240
    Total noninterest expense $7,254
    Salaries and employee benefits $4,329
    Premises and equipment expense $584
    Additional noninterest expense $2,341
    Applicable income taxes $0
    Net charge-offs $175
    Cash dividends $3,630

    The First National Bank And Trust Company Of Okmulgee's interest expense for loans was $2,126,000.
    The First National Bank And Trust Company Of Okmulgee's payroll and benefits expense were $4,329,000.
    The First National Bank And Trust Company Of Okmulgee's property, plant and equipment expenses $584,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 3.0%
    Real Estate loans 4.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 2.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 2.0%
    HELOC loans 0.0%
    All other family 2.0%
    Commercial & industrial loans 1.0%
    Personal loans 1.0%
    Credit card loans 0.0%
    Other individual loans 1.0%
    Auto loans 0.0%
    Other consumer loans 1.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $216,432
    Deposits held in domestic offices $216,432
    Deposits by Individuals, partnerships, and corporations $188,278
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $26,444
    Deposits by Commercial banks and other depository institutions in U.S. $1,710
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $89,495
    Demand deposits $55,946
    Nontransaction accounts $126,937
    Money market deposit accounts (MMDAs) $28,651
    Other savings deposits (excluding MMDAs) $32,398
    Total time deposits $65,887
    Total time and savings deposits $160,486
    Noninterest-bearing deposits $49,502
    Interest-bearing deposits $166,930
    Retail deposits $201,359
    IRAs and Keogh plan accounts $8,281
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $264,690
    Cash & Balances due from depository institutions $11,290
    Interest-bearing balances $4,247
    Total securities $87,438
    Federal funds sold & reverse repurchase $377
    Net loans and leases $152,561
    Loan and leases loss allowance $2,181
    Trading account assets $0
    Bank premises and fixed assets $2,249
    Other real estate owned $47
    Goodwill and other intangibles $1,366
    All other assets $9,362

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $264,690
    Total Liabilities $230,841
    Total deposits $216,432
    Interest-bearing deposits $166,930
    Deposits held in domestic offices $216,432
    % insured (estimated) $86
    Federal funds purchased and repurchase agreements $437
    Trading liabilities $0
    Other borrowed funds $11,000
    Subordinated debt $0
    All other liabilities $2,972

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $152,561
    Loan and leases loss allowance $2,181
    Total loans and leases (domestic) $154,742
    All real estate loans $117,466
    Real estate loans in domestic offices $117,466
    Construction and development loans $7,032
    Residential 1-4 family construction $1,988
    Other construction, all land development and other land $5,044
    Loans secured by nonfarm nonresidential properties $56,538
    Nonfarm nonresidential secured by owner-occupied properties $23,624
    Commercial real estate & other non-farm, non-residential $32,914
    Multifamily residential real estate $3,407
    1-4 family residential loans $41,239
    Farmland loans $9,250
    Loans held in foreign offices $0
    Farm loans $1,097
    Commercial and industrial loans $28,035
    To non-U.S. addressees $0
    Loans to individuals $7,336
    Credit card loans $45
    Related Plans $0
    Consumer Auto Loans $2,449
    Other loans to individuals $4,842
    All other loans & leases $808
    Loans to foreign governments and official institutions $0
    Other loans $181
    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 $152,561,000 of loans outstanding in 2019. $117,466,000 of loans were in real estate loans. $7,032,000 of loans were in development loans. $3,407,000 of loans were in multifamily mortgage loans. $41,239,000 of loans were in 1-4 family mortgage loans. $1,097,000 of loans were in farm loans. $45,000 of loans were in credit card loans. $2,449,000 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 135 $25,965 $192,333
    Nonfarm, nonresidential loans - <$100k 56 $1,965 $35,089
    Nonfarm, nonresidential loans - $100-250k 34 $4,480 $131,765
    Nonfarm, nonresidential loans - $250k-1MM 45 $19,520 $433,778
    Commercial & Industrial, US addressed loans - <$1MM 133 $12,428 $93,444
    Commercial & Industrial, US addressed loans - <$100k 90 $1,749 $19,433
    Commercial & Industrial, US addressed loans - $100-250k 25 $3,064 $122,560
    Commercial & Industrial, US addressed loans - $250k-1MM 18 $7,615 $423,056
    Farmland loans - <$1MM 97 $7,050 $72,680
    Farmland loans - <$100k 59 $1,979 $33,542
    Farmland loans - $100-250k 33 $4,515 $136,818
    Farmland loans - $250k-1MM 5 $556 $111,200
    Agriculture operations loans - <$1MM 71 $1,097 $15,451
    Agriculture operations loans - <$100k 69 $1,048 $15,188
    Agriculture operations loans - $100-250k 2 $49 $24,500