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, Duncan, Ardmore, Bartlesville, and Lawton among others. We have data for 8 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
399Origination Dollar Volume (All Markets)
$46,565,000Employee count
166Top 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) | 89 | $20,685,000 | $232,416 | $0 | 0.00% |
| Duncan, OK (FHA|USDA|VA) | 126 | $9,570,000 | $75,952 | $0 | 0.00% |
| Ardmore, OK (FHA|USDA|VA) | 130 | $9,130,000 | $70,231 | $0 | 0.00% |
| Outside of Metro Areas | 42 | $4,260,000 | $101,429 | $0 | 0.00% |
| Bartlesville, OK (FHA|USDA|VA) | 1 | $1,575,000 | $1,575,000 | $0 | 0.00% |
| LAWTON, OK (FHA|USDA|VA) | 8 | $1,040,000 | $130,000 | $0 | 0.00% |
| Shawnee, OK (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $0 | 0.00% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 399 | $46,565,000 | $116,704 | $0 | 0.00% |
For 2019, First Bank & Trust Co.'s most frequently originated type of loan was Conventional, with 399 originations.
Loan Reason
For 2019, First Bank & Trust Co.'s most frequently cited loan purpose was Refi, with 253 originations. The 2nd most popular reason was Home Purchase, with 109 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 399 | $46,565,000 | $116,704 | $0 | 0.00% |
For 2019, First Bank & Trust Co.'s most frequently cited loan duration was Other, with 399 originations.
Loan Sizing
2019 saw First Bank & Trust Co. place emphasis on $100,000 or less loans with 286 originations, totaling $13,650,000 in origination value.
Applicant Income
First Bank & Trust Co. lent most frequently to those with incomes in the $50k or less range, with 115 originations. The second most popular income band? $50k-75k, with 85 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 399 | $46,565,000 | $116,704 | $0 | 0.00% |
First Bank & Trust Co. lent most frequently to those with DTI ratios of Exempt%, with 399 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.42%
First Bank & Trust Co. has an average approval rate.
Pick Rate
Approvals leading to origination80.70%
First Bank & Trust Co. has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 399 | $46,565,000 | $116,704 |
Occupancy Type Mix
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST HORIZON BANK | FHA mortgage | Trouble during payment process | 2 | 13.3% |
| FIRST HORIZON BANK | FHA mortgage | Struggling to pay mortgage | 1 | 6.7% |
| FIRST HORIZON BANK | Conventional home mortgage | Trouble during payment process | 4 | 26.7% |
| FIRST HORIZON BANK | Conventional home mortgage | Struggling to pay mortgage | 1 | 6.7% |
| FIRST HORIZON BANK | Other type of mortgage | Trouble during payment process | 1 | 6.7% |
| FIRST HORIZON BANK | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 6.7% |
| FIRST HORIZON BANK | VA mortgage | Closing on a mortgage | 1 | 6.7% |
| FIRST HORIZON BANK | Home equity loan or line of credit (HELOC) | Trouble during payment process | 3 | 20.0% |
| FIRST HORIZON BANK | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 1 | 6.7% |
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 | $249 |
| First Bank & Trust Co. | 2330 36th Avenue Northwest Norman, OK 73072 | Full Service B&M | $30,253 |
| First Bank & Trust Co. | 101 North Main Street Waurika, OK 73573 | Full Service B&M | $19,024 |
| First Bank & Trust Co. | 10th And Oak Streets Duncan, OK 73533 | Limited, Drive-thru | $0 |
| First Bank & Trust Co. | 1521 W Plato Duncan, OK 73533 | Full Service B&M | $59,270 |
| First Bank & Trust Co. | 1720 Mclish Ardmore, OK 73401 | Full Service B&M | $11,898 |
| First Bank & Trust Co. | 2400 Alameda Norman, OK 73071 | Full Service B&M | $12,173 |
| First Bank & Trust Co. | 301 West Main Street Ardmore, OK 73401 | Full Service B&M | $51,960 |
| First Bank & Trust Co. | 313 West Main Street Healdton, OK 73438 | Full Service B&M | $81,235 |
| First Bank & Trust Co. | 923-925 Main Street Duncan, OK 73533 | Full Service B&M | $231,281 |
For 2019, First Bank & Trust Co. had 10 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $27,034 |
| Net interest income | $23,997 |
| Total noninterest income | $6,482 |
| Gross Fiduciary activities income | $1,615 |
| Service charges on deposit accounts | $1,873 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $2,994 |
| Pre-tax net operating income | $12,067 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $11,505 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $11,505 |
| Minority interest net income | $0 |
| Net income | $11,505 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $11,505 |
First Bank & Trust Co.'s gross interest income from loans was $27,034,000.
First Bank & Trust Co.'s net interest income from loans was $23,997,000.
First Bank & Trust Co.'s fee based income from loans was $1,873,000.
First Bank & Trust Co.'s net income from loans was $11,505,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $3,037 |
| Provision for credit losses | $1,236 |
| Total noninterest expense | $17,176 |
| Salaries and employee benefits | $10,662 |
| Premises and equipment expense | $1,898 |
| Additional noninterest expense | $4,616 |
| Applicable income taxes | $562 |
| Net charge-offs | $133 |
| Cash dividends | $5,591 |
First Bank & Trust Co.'s interest expense for loans was $3,037,000.
First Bank & Trust Co.'s payroll and benefits expense were $10,662,000.
First Bank & Trust Co.'s property, plant and equipment expenses $1,898,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 5.0% |
| Real Estate loans | 4.0% |
| Construction & Land Development loans | 0.0% |
| Nonfarm, nonresidential loans | 8.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 2.0% |
| HELOC loans | 0.0% |
| All other family | 2.0% |
| Commercial & industrial loans | 19.0% |
| 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 | $467,037 |
| Deposits held in domestic offices | $467,037 |
| Deposits by Individuals, partnerships, and corporations | $442,963 |
| Deposits by U.S. Government | $1,796 |
| Deposits by States and political subdivisions in the U.S. | $22,277 |
| 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 | $102,048 |
| Demand deposits | $70,829 |
| Nontransaction accounts | $364,988 |
| Money market deposit accounts (MMDAs) | $223,829 |
| Other savings deposits (excluding MMDAs) | $60,570 |
| Total time deposits | $80,589 |
| Total time and savings deposits | $396,207 |
| Noninterest-bearing deposits | $133,144 |
| Interest-bearing deposits | $333,893 |
| Retail deposits | $435,288 |
| IRAs and Keogh plan accounts | $11,565 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $560,434 |
| Cash & Balances due from depository institutions | $32,235 |
| Interest-bearing balances | $25,711 |
| Total securities | $46,936 |
| Federal funds sold & reverse repurchase | $19,077 |
| Net loans and leases | $445,355 |
| Loan and leases loss allowance | $5,763 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $9,972 |
| Other real estate owned | $3,407 |
| Goodwill and other intangibles | $159 |
| All other assets | $3,293 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $560,435 |
| Total Liabilities | $468,926 |
| Total deposits | $467,037 |
| Interest-bearing deposits | $333,893 |
| Deposits held in domestic offices | $467,037 |
| % insured (estimated) | $56 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $1,889 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $445,355 |
| Loan and leases loss allowance | $5,763 |
| Total loans and leases (domestic) | $451,118 |
| All real estate loans | $403,129 |
| Real estate loans in domestic offices | $403,129 |
| Construction and development loans | $69,849 |
| Residential 1-4 family construction | $28,711 |
| Other construction, all land development and other land | $41,138 |
| Loans secured by nonfarm nonresidential properties | $155,984 |
| Nonfarm nonresidential secured by owner-occupied properties | $45,289 |
| Commercial real estate & other non-farm, non-residential | $110,695 |
| Multifamily residential real estate | $16,506 |
| 1-4 family residential loans | $151,124 |
| Farmland loans | $9,666 |
| Loans held in foreign offices | $0 |
| Farm loans | $2,740 |
| Commercial and industrial loans | $30,183 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $14,656 |
| Credit card loans | $0 |
| Related Plans | $172 |
| Consumer Auto Loans | $7,148 |
| Other loans to individuals | $7,336 |
| All other loans & leases | $410 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $9 |
| 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 | $874 |
| Non 1-4 family restructured loans & leases | $673 |
| Total loans and leases (foreign) | $0 |
First Bank & Trust Co. had $445,355,000 of loans outstanding in 2019. $403,129,000 of loans were in real estate loans. $69,849,000 of loans were in development loans. $16,506,000 of loans were in multifamily mortgage loans. $151,124,000 of loans were in 1-4 family mortgage loans. $2,740,000 of loans were in farm loans. $0 of loans were in credit card loans. $7,148,000 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 | 195 | $33,270 | $170,615 |
| Nonfarm, nonresidential loans - <$100k | 101 | $4,361 | $43,178 |
| Nonfarm, nonresidential loans - $100-250k | 37 | $4,210 | $113,784 |
| Nonfarm, nonresidential loans - $250k-1MM | 57 | $24,699 | $433,316 |
| Commercial & Industrial, US addressed loans - <$1MM | 739 | $21,718 | $29,388 |
| Commercial & Industrial, US addressed loans - <$100k | 664 | $10,788 | $16,247 |
| Commercial & Industrial, US addressed loans - $100-250k | 45 | $3,782 | $84,044 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 30 | $7,148 | $238,267 |
| Farmland loans - <$1MM | 97 | $7,726 | $79,649 |
| Farmland loans - <$100k | 66 | $2,613 | $39,591 |
| Farmland loans - $100-250k | 26 | $3,351 | $128,885 |
| Farmland loans - $250k-1MM | 5 | $1,762 | $352,400 |
| Agriculture operations loans - <$1MM | 116 | $2,740 | $23,621 |
| Agriculture operations loans - <$100k | 110 | $1,814 | $16,491 |
| Agriculture operations loans - $100-250k | 5 | $620 | $124,000 |
| Agriculture operations loans - $250k-1MM | 1 | $306 | $306,000 |