Thumb Bank And Trust Mortgage Rates, Fees & Info

Pigeon, MI

LEI: 549300EJVZTLWGR61E96

Tax ID: 38-0929290

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

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

    Thumb Bank And Trust is a smaller bank specializing in Home Purchase loans. Thumb Bank And Trust has a high proportion of conventional loans. Their top markets by origination volume include: Bay City, Detroit, Midland, Mount Pleasant, and Saginaw among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Thumb 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.

    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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    139

    Origination Dollar Volume (All Markets)

    $15,275,000

    Employee count

    77

    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
    Outside of Metro Areas 109 $11,085,000 $101,697 $0 0.00%
    BAY CITY, MI (FHA|USDA|VA) 21 $2,975,000 $141,667 $0 0.00%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 2 $340,000 $170,000 $0 0.00%
    MIDLAND, MI (FHA|USDA|VA) 1 $275,000 $275,000 $0 0.00%
    Mount Pleasant, MI (FHA|USDA|VA) 2 $230,000 $115,000 $0 0.00%
    SAGINAW, MI (FHA|USDA|VA) 2 $190,000 $95,000 $0 0.00%
    Sturgis, MI (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
    Alma, MI (FHA|USDA|VA) 1 $15,000 $15,000 $0 0.00%
    Thumb Bank And Trust's top markets include Bay City, Detroit, Midland, Mount Pleasant, and Saginaw among others.

    Their top states include:
  • Michigan (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 139 $15,275,000 $109,892 $0 0.00%

    For 2019, Thumb Bank And Trust's most frequently originated type of loan was Conventional, with 139 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 71 $9,405,000 $132,465 $0 0.00%
    Home Improvement 25 $1,675,000 $67,000 $0 0.00%
    Refi 22 $2,470,000 $112,273 $0 0.00%
    Other 11 $705,000 $64,091 $0 0.00%
    Cash Out Refi 10 $1,020,000 $102,000 $0 0.00%

    For 2019, Thumb Bank And Trust's most frequently cited loan purpose was Home Purchase, with 71 originations. The 2nd most popular reason was Home Improvement, with 25 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 139 $15,275,000 $109,892 $0 0.00%

    For 2019, Thumb Bank And Trust's most frequently cited loan duration was Other, with 139 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 75 $4,305,000 $57,400 $0 0.00%
    $100k-200k 50 $7,100,000 $142,000 $0 0.00%
    $200k-400k 12 $2,950,000 $245,833 $0 0.00%
    $400k-600k 2 $920,000 $460,000 $0 0.00%

    2019 saw Thumb Bank And Trust place emphasis on $100,000 or less loans with 75 originations, totaling $4,305,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 39 $2,845,000 $72,949 $0 0.00%
    $50k-75k 33 $3,105,000 $94,091 $0 0.00%
    $150k-250k 20 $2,940,000 $147,000 $0 0.00%
    $75k-100k 16 $1,580,000 $98,750 $0 0.00%
    $100k-150k 12 $1,820,000 $151,667 $0 0.00%
    $250k+ 8 $1,630,000 $203,750 $0 0.00%

    Thumb Bank And Trust 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 33 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 139 $15,275,000 $109,892 $0 0.00%

    Thumb Bank And Trust lent most frequently to those with DTI ratios of Exempt%, with 139 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 130 $14,170,000 $109,000 $0 0.00%
    Not applicable 5 $705,000 $141,000 $0 0.00%
    Not provided 3 $315,000 $105,000 $0 0.00%
    American Indian 1 $85,000 $85,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    84.90%

    Thumb Bank And Trust has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    82.73%

    Thumb Bank And Trust has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 139 $15,275,000 $109,892

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 6 $340,000 $56,667
    Single Family (1-4 Units):Site-Built 133 $14,935,000 $112,293

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Thumb Bank and Trust 1 E. Huron Ave Suite A Bad Axe, MI 48413 Full Service B&M $15,789
    Thumb Bank and Trust 2985 East Wilder Road Bay City, MI 48706 Full Service B&M $26,541
    Thumb Bank and Trust 6128 East Cass City Road Elkland Township, MI 48726 Full Service B&M $56,256
    Thumb Bank and Trust 708 Center Ave, Suite 1 Bay City, MI 48708 Full Service B&M $12,253
    Thumb Bank and Trust 7100 Main Street Caseville, MI 48725 Full Service B&M $20,219
    Thumb Bank and Trust 7254 Michigan Avenue Pigeon, MI 48755 Full Service B&M $103,083

    For 2019, Thumb Bank And Trust had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $11,211
    Net interest income $9,204
    Total noninterest income $1,993
    Gross Fiduciary activities income $689
    Service charges on deposit accounts $418
    Trading account gains and fees $0
    Additional Noninterest Income $886
    Pre-tax net operating income $1,884
    Securities gains (or losses, -) $141
    Income before extraordinary items $2,025
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,025
    Minority interest net income $0
    Net income $2,025
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,884

    Thumb Bank And Trust's gross interest income from loans was $11,211,000.
    Thumb Bank And Trust's net interest income from loans was $9,204,000.
    Thumb Bank And Trust's fee based income from loans was $418,000.
    Thumb Bank And Trust's net income from loans was $2,025,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,007
    Provision for credit losses $325
    Total noninterest expense $8,988
    Salaries and employee benefits $5,098
    Premises and equipment expense $1,164
    Additional noninterest expense $2,726
    Applicable income taxes $0
    Net charge-offs $856
    Cash dividends $1,105

    Thumb Bank And Trust's interest expense for loans was $2,007,000.
    Thumb Bank And Trust's payroll and benefits expense were $5,098,000.
    Thumb Bank And Trust's property, plant and equipment expenses $1,164,000.

    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 5.0%
    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 $231,315
    Deposits held in domestic offices $231,315
    Deposits by Individuals, partnerships, and corporations $210,531
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $20,784
    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 $108,078
    Demand deposits $63,818
    Nontransaction accounts $123,237
    Money market deposit accounts (MMDAs) $9,235
    Other savings deposits (excluding MMDAs) $40,910
    Total time deposits $73,092
    Total time and savings deposits $167,497
    Noninterest-bearing deposits $9,515
    Interest-bearing deposits $221,800
    Retail deposits $213,574
    IRAs and Keogh plan accounts $15,384
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $274,254
    Cash & Balances due from depository institutions $14,946
    Interest-bearing balances $9,515
    Total securities $57,355
    Federal funds sold & reverse repurchase $1,658
    Net loans and leases $185,595
    Loan and leases loss allowance $1,650
    Trading account assets $0
    Bank premises and fixed assets $6,641
    Other real estate owned $0
    Goodwill and other intangibles $426
    All other assets $7,633

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $274,253
    Total Liabilities $248,940
    Total deposits $231,315
    Interest-bearing deposits $221,800
    Deposits held in domestic offices $231,315
    % insured (estimated) $83
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $17,000
    Subordinated debt $0
    All other liabilities $625

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $185,595
    Loan and leases loss allowance $1,650
    Total loans and leases (domestic) $187,245
    All real estate loans $131,539
    Real estate loans in domestic offices $131,539
    Construction and development loans $6,117
    Residential 1-4 family construction $1,133
    Other construction, all land development and other land $4,984
    Loans secured by nonfarm nonresidential properties $49,274
    Nonfarm nonresidential secured by owner-occupied properties $15,618
    Commercial real estate & other non-farm, non-residential $33,656
    Multifamily residential real estate $0
    1-4 family residential loans $20,453
    Farmland loans $55,695
    Loans held in foreign offices $0
    Farm loans $31,333
    Commercial and industrial loans $20,870
    To non-U.S. addressees $0
    Loans to individuals $3,228
    Credit card loans $0
    Related Plans $96
    Consumer Auto Loans $2,308
    Other loans to individuals $824
    All other loans & leases $275
    Loans to foreign governments and official institutions $0
    Other loans $52
    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 $548
    Non 1-4 family restructured loans & leases $333
    Total loans and leases (foreign) $0

    Thumb Bank and Trust had $185,595,000 of loans outstanding in 2019. $131,539,000 of loans were in real estate loans. $6,117,000 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $20,453,000 of loans were in 1-4 family mortgage loans. $31,333,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,308,000 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 222 $32,190 $145,000
    Nonfarm, nonresidential loans - <$100k 97 $4,352 $44,866
    Nonfarm, nonresidential loans - $100-250k 75 $9,461 $126,147
    Nonfarm, nonresidential loans - $250k-1MM 50 $18,377 $367,540
    Commercial & Industrial, US addressed loans - <$1MM 259 $17,469 $67,448
    Commercial & Industrial, US addressed loans - <$100k 181 $4,863 $26,867
    Commercial & Industrial, US addressed loans - $100-250k 53 $5,302 $100,038
    Commercial & Industrial, US addressed loans - $250k-1MM 25 $7,304 $292,160
    Farmland loans - <$1MM 348 $37,987 $109,158
    Farmland loans - <$100k 157 $7,568 $48,204
    Farmland loans - $100-250k 147 $18,998 $129,238
    Farmland loans - $250k-1MM 44 $11,421 $259,568
    Agriculture operations loans - <$1MM 352 $18,774 $53,335
    Agriculture operations loans - <$100k 287 $7,235 $25,209
    Agriculture operations loans - $100-250k 45 $6,347 $141,044
    Agriculture operations loans - $250k-1MM 20 $5,192 $259,600