First Bank & Trust Co. Mortgage Rates, Fees & Info
Duncan, OKLEI: 549300H6C1OV8E3V1P15
Tax ID: 73-1332958
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Mortgage Data
Bank 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, Ardmore, Duncan, Fayetteville, and Lawton among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)First Bank & Trust Co. 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
467Origination Dollar Volume (All Markets)
$45,995,000Employee count
156Top 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) | 118 | $20,840,000 | $176,610 | $0 | 0.00% |
| Ardmore, OK (FHA|USDA|VA) | 172 | $13,210,000 | $76,802 | $0 | 0.00% |
| Duncan, OK (FHA|USDA|VA) | 120 | $7,140,000 | $59,500 | $0 | 0.00% |
| Outside of Metro Areas | 47 | $3,125,000 | $66,489 | $0 | 0.00% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $925,000 | $925,000 | $0 | 0.00% |
| LAWTON, OK (FHA|USDA|VA) | 6 | $550,000 | $91,667 | $0 | 0.00% |
| TULSA, OK (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
| Shawnee, OK (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| ENID, OK (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 467 | $45,995,000 | $98,490 | $0 | 0.00% |
For 2018, First Bank & Trust Co.'s most frequently originated type of loan was Conventional, with 467 originations.
Loan Reason
For 2018, First Bank & Trust Co.'s most frequently cited loan purpose was Refi, with 302 originations. The 2nd most popular reason was Home Purchase, with 122 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 467 | $45,995,000 | $98,490 | $0 | 0.00% |
For 2018, First Bank & Trust Co.'s most frequently cited loan duration was Other, with 467 originations.
Loan Sizing
2018 saw First Bank & Trust Co. place emphasis on $100,000 or less loans with 351 originations, totaling $16,315,000 in origination value.
Applicant Income
First Bank & Trust Co. lent most frequently to those with incomes in the $50k or less range, with 145 originations. The second most popular income band? $50k-75k, with 75 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 467 | $45,995,000 | $98,490 | $0 | 0.00% |
First Bank & Trust Co. lent most frequently to those with DTI ratios of Exempt%, with 467 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.03%
First Bank & Trust Co. has an average approval rate.
Pick Rate
Approvals leading to origination80.73%
First Bank & Trust Co. has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 467 | $45,995,000 | $98,490 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST HORIZON BANK | Conventional home mortgage | Trouble during payment process | 5 | 35.7% |
| FIRST HORIZON BANK | FHA mortgage | Trouble during payment process | 1 | 7.1% |
| FIRST HORIZON BANK | Home equity loan or line of credit (HELOC) | Incorrect information on your report | 1 | 7.1% |
| FIRST HORIZON BANK | Home equity loan or line of credit (HELOC) | Problem with a credit reporting company's investigation into an existing problem | 1 | 7.1% |
| FIRST HORIZON BANK | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 7.1% |
| FIRST HORIZON BANK | Other type of mortgage | Trouble during payment process | 1 | 7.1% |
| FIRST HORIZON BANK | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 7.1% |
| FIRST HORIZON BANK | Conventional home mortgage | Struggling to pay mortgage | 3 | 21.4% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| First Bank & Trust Co. | 2216 Nw 164th St., Suite B Edmond, OK 73083 | Full Service B&M | $490 |
| First Bank & Trust Co. | 101 North Main Street Waurika, OK 73573 | Full Service B&M | $20,456 |
| First Bank & Trust Co. | 10th And Oak Streets Duncan, OK 73533 | Limited, Drive-thru | $0 |
| First Bank & Trust Co. | 11221 W. Reno Avenue, Suite 100 Yukon, OK 73099 | Full Service B&M | $781 |
| First Bank & Trust Co. | 1521 W Plato Duncan, OK 73533 | Full Service B&M | $58,596 |
| First Bank & Trust Co. | 1720 Mclish Ardmore, OK 73401 | Full Service B&M | $11,726 |
| First Bank & Trust Co. | 2330 36th Avenue Northwest Norman, OK 73072 | Full Service B&M | $36,995 |
| First Bank & Trust Co. | 2400 Alameda Norman, OK 73071 | Full Service B&M | $12,221 |
| First Bank & Trust Co. | 301 West Main Street Ardmore, OK 73401 | Full Service B&M | $51,809 |
| First Bank & Trust Co. | 313 West Main Street Healdton, OK 73438 | Full Service B&M | $78,124 |
| First Bank & Trust Co. | 923-925 Main Street Duncan, OK 73533 | Full Service B&M | $234,014 |
For 2018, First Bank & Trust Co. had 11 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $25,482 |
| Net interest income | $23,419 |
| Total noninterest income | $5,778 |
| Gross Fiduciary activities income | $1,196 |
| Service charges on deposit accounts | $1,906 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $2,676 |
| Pre-tax net operating income | $11,360 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $11,360 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $11,360 |
| Minority interest net income | $0 |
| Net income | $11,360 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $11,360 |
First Bank & Trust Co.'s gross interest income from loans was $25,482,000.
First Bank & Trust Co.'s net interest income from loans was $23,419,000.
First Bank & Trust Co.'s fee based income from loans was $1,906,000.
First Bank & Trust Co.'s net income from loans was $11,360,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $2,063 |
| Provision for credit losses | $1,244 |
| Total noninterest expense | $16,593 |
| Salaries and employee benefits | $10,310 |
| Premises and equipment expense | $1,922 |
| Additional noninterest expense | $4,361 |
| Applicable income taxes | $0 |
| Net charge-offs | $164 |
| Cash dividends | $6,122 |
First Bank & Trust Co.'s interest expense for loans was $2,063,000.
First Bank & Trust Co.'s payroll and benefits expense were $10,310,000.
First Bank & Trust Co.'s property, plant and equipment expenses $1,922,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 1.0% |
| Real Estate loans | 1.0% |
| Construction & Land Development loans | 0.0% |
| Nonfarm, nonresidential loans | 0.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 4.0% |
| HELOC loans | 0.0% |
| All other family | 4.0% |
| Commercial & industrial loans | 0.0% |
| 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 | $498,802 |
| Deposits held in domestic offices | $498,802 |
| Deposits by Individuals, partnerships, and corporations | $475,597 |
| Deposits by U.S. Government | $2,363 |
| Deposits by States and political subdivisions in the U.S. | $20,842 |
| 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 | $110,051 |
| Demand deposits | $74,173 |
| Nontransaction accounts | $388,751 |
| Money market deposit accounts (MMDAs) | $245,483 |
| Other savings deposits (excluding MMDAs) | $61,476 |
| Total time deposits | $81,792 |
| Total time and savings deposits | $424,629 |
| Noninterest-bearing deposits | $138,805 |
| Interest-bearing deposits | $359,997 |
| Retail deposits | $467,930 |
| IRAs and Keogh plan accounts | $11,175 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $585,397 |
| Cash & Balances due from depository institutions | $55,322 |
| Interest-bearing balances | $45,264 |
| Total securities | $66,031 |
| Federal funds sold & reverse repurchase | $10,061 |
| Net loans and leases | $438,670 |
| Loan and leases loss allowance | $4,660 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $9,868 |
| Other real estate owned | $1,856 |
| Goodwill and other intangibles | $206 |
| All other assets | $3,383 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $585,397 |
| Total Liabilities | $500,188 |
| Total deposits | $498,802 |
| Interest-bearing deposits | $359,997 |
| Deposits held in domestic offices | $498,802 |
| % insured (estimated) | $54 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $1,386 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $438,670 |
| Loan and leases loss allowance | $4,660 |
| Total loans and leases (domestic) | $443,330 |
| All real estate loans | $393,629 |
| Real estate loans in domestic offices | $393,629 |
| Construction and development loans | $79,127 |
| Residential 1-4 family construction | $31,993 |
| Other construction, all land development and other land | $47,134 |
| Loans secured by nonfarm nonresidential properties | $132,042 |
| Nonfarm nonresidential secured by owner-occupied properties | $46,810 |
| Commercial real estate & other non-farm, non-residential | $85,232 |
| Multifamily residential real estate | $12,796 |
| 1-4 family residential loans | $159,817 |
| Farmland loans | $9,847 |
| Loans held in foreign offices | $0 |
| Farm loans | $3,142 |
| Commercial and industrial loans | $29,332 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $16,523 |
| Credit card loans | $0 |
| Related Plans | $178 |
| Consumer Auto Loans | $7,174 |
| Other loans to individuals | $9,171 |
| All other loans & leases | $703 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $50 |
| 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 |
First Bank & Trust Co. had $438,670,000 of loans outstanding in 2018. $393,629,000 of loans were in real estate loans. $79,127,000 of loans were in development loans. $12,796,000 of loans were in multifamily mortgage loans. $159,817,000 of loans were in 1-4 family mortgage loans. $3,142,000 of loans were in farm loans. $0 of loans were in credit card loans. $7,174,000 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 | 217 | $35,543 | $163,793 |
| Nonfarm, nonresidential loans - <$100k | 118 | $4,713 | $39,941 |
| Nonfarm, nonresidential loans - $100-250k | 44 | $5,418 | $123,136 |
| Nonfarm, nonresidential loans - $250k-1MM | 55 | $25,412 | $462,036 |
| Commercial & Industrial, US addressed loans - <$1MM | 739 | $21,541 | $29,149 |
| Commercial & Industrial, US addressed loans - <$100k | 661 | $10,772 | $16,297 |
| Commercial & Industrial, US addressed loans - $100-250k | 48 | $3,315 | $69,063 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 30 | $7,454 | $248,467 |
| Farmland loans - <$1MM | 94 | $8,160 | $86,809 |
| Farmland loans - <$100k | 65 | $2,488 | $38,277 |
| Farmland loans - $100-250k | 22 | $3,025 | $137,500 |
| Farmland loans - $250k-1MM | 7 | $2,647 | $378,143 |
| Agriculture operations loans - <$1MM | 155 | $3,142 | $20,271 |
| Agriculture operations loans - <$100k | 150 | $2,382 | $15,880 |
| Agriculture operations loans - $100-250k | 4 | $391 | $97,750 |
| Agriculture operations loans - $250k-1MM | 1 | $369 | $369,000 |