First Bank & Trust Co. Mortgage Rates, Fees & Info

Duncan, OK

LEI: 549300H6C1OV8E3V1P15

Tax ID: 73-1332958

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Mortgage Data

Review & Overview

First Bank & Trust Co. is a smaller bank specializing in Refi and Home Purchase loans. First Bank & Trust Co. has a high proportion of conventional loans. Their top markets by origination volume include: Oklahoma City, Duncan, Ardmore, Dallas, and Stillwater among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)

First Bank & Trust Co. 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

253

Origination Dollar Volume (All Markets)

$39,255,000

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
OKLAHOMA CITY, OK (FHA|USDA|VA) 70 $13,070,000 $186,714 $0 0.00%
Duncan, OK (FHA|USDA|VA) 68 $11,620,000 $170,882 $0 0.00%
Ardmore, OK (FHA|USDA|VA) 62 $5,180,000 $83,548 $0 0.00%
Outside of Metro Areas 29 $5,115,000 $176,379 $0 0.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2 $1,060,000 $530,000 $0 0.00%
Stillwater, OK (FHA|USDA|VA) 10 $1,030,000 $103,000 $0 0.00%
TULSA, OK (FHA|USDA|VA) 7 $725,000 $103,571 $0 0.00%
FORT SMITH, AR-OK (FHA|USDA|VA) 1 $685,000 $685,000 $0 0.00%
LAWTON, OK (FHA|USDA|VA) 2 $580,000 $290,000 $0 0.00%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
Ada, OK (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
First Bank & Trust Co.'s top markets include Oklahoma City, Duncan, Ardmore, Dallas, and Stillwater among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 253 $39,255,000 $155,158 $0 0.00%

    For 2023, First Bank & Trust Co.'s most frequently originated type of loan was Conventional, with 253 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 108 $10,180,000 $94,259 $0 0.00%
    Home Purchase 103 $26,605,000 $258,301 $0 0.00%
    Home Improvement 28 $1,490,000 $53,214 $0 0.00%
    Other 14 $980,000 $70,000 $0 0.00%

    For 2023, First Bank & Trust Co.'s most frequently cited loan purpose was Refi, with 108 originations. The 2nd most popular reason was Home Purchase, with 103 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 253 $39,255,000 $155,158 $0 0.00%

    For 2023, First Bank & Trust Co.'s most frequently cited loan duration was Other, with 253 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 148 $7,530,000 $50,878 $0 0.00%
    $100k-200k 56 $8,140,000 $145,357 $0 0.00%
    $200k-400k 34 $9,570,000 $281,471 $0 0.00%
    $400k-600k 7 $3,505,000 $500,714 $0 0.00%
    $600k-1MM 5 $3,885,000 $777,000 $0 0.00%
    $1MM+ 3 $6,625,000 $2,208,333 $0 0.00%

    2023 saw First Bank & Trust Co. place emphasis on $100,000 or less loans with 148 originations, totaling $7,530,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 51 $2,985,000 $58,529 $0 0.00%
    $50k-75k 50 $3,480,000 $69,600 $0 0.00%
    $100k-150k 41 $5,205,000 $126,951 $0 0.00%
    $75k-100k 31 $3,085,000 $99,516 $0 0.00%
    $250k+ 23 $11,615,000 $505,000 $0 0.00%
    $150k-250k 19 $4,785,000 $251,842 $0 0.00%

    First Bank & Trust Co. lent most frequently to those with incomes in the $50k or less range, with 51 originations. The second most popular income band? $50k-75k, with 50 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 253 $39,255,000 $155,158 $0 0.00%

    First Bank & Trust Co. lent most frequently to those with DTI ratios of Exempt%, with 253 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 200 $29,300,000 $146,500 $0 0.00%
    Not applicable 34 $7,590,000 $223,235 $0 0.00%
    Not provided 3 $715,000 $238,333 $0 0.00%
    American Indian 7 $685,000 $97,857 $0 0.00%
    Black 7 $365,000 $52,143 $0 0.00%
    Asian 1 $305,000 $305,000 $0 0.00%
    Asian Indian 1 $295,000 $295,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.08%

    First Bank & Trust Co. has an average approval rate.

    Pick Rate

    Approvals leading to origination
    68.77%

    First Bank & Trust Co. has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 253 $39,255,000 $155,158

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    253 $39,255,000 $155,158