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

Duncan, OK

LEI: 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, Los Angeles, Duncan, and Tulsa among others. We have data for 12 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

389

Origination Dollar Volume (All Markets)

$54,415,000

Employee count

166

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) 72 $16,450,000 $228,472 $0 0.00%
Ardmore, OK (FHA|USDA|VA) 134 $11,210,000 $83,657 $0 0.00%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $10,345,000 $10,345,000 $0 0.00%
Duncan, OK (FHA|USDA|VA) 131 $9,825,000 $75,000 $0 0.00%
Outside of Metro Areas 37 $2,925,000 $79,054 $0 0.00%
TULSA, OK (FHA|USDA|VA) 2 $2,340,000 $1,170,000 $0 0.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 4 $500,000 $125,000 $0 0.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
LAWTON, OK (FHA|USDA|VA) 2 $160,000 $80,000 $0 0.00%
Ada, OK (FHA|USDA|VA) 3 $155,000 $51,667 $0 0.00%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
Shawnee, OK (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
First Bank & Trust Co.'s top markets include Oklahoma City, Ardmore, Los Angeles, Duncan, and Tulsa among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 389 $54,415,000 $139,884 $0 0.00%

    For 2020, First Bank & Trust Co.'s most frequently originated type of loan was Conventional, with 389 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 268 $36,020,000 $134,403 $0 0.00%
    Home Purchase 98 $17,240,000 $175,918 $0 0.00%
    Home Improvement 14 $630,000 $45,000 $0 0.00%
    Other 9 $525,000 $58,333 $0 0.00%

    For 2020, First Bank & Trust Co.'s most frequently cited loan purpose was Refi, with 268 originations. The 2nd most popular reason was Home Purchase, with 98 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 389 $54,415,000 $139,884 $0 0.00%

    For 2020, First Bank & Trust Co.'s most frequently cited loan duration was Other, with 389 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 270 $12,300,000 $45,556 $0 0.00%
    $100k-200k 70 $9,580,000 $136,857 $0 0.00%
    $200k-400k 30 $8,410,000 $280,333 $0 0.00%
    $400k-600k 8 $4,070,000 $508,750 $0 0.00%
    $600k-1MM 7 $4,875,000 $696,429 $0 0.00%
    $1MM+ 4 $15,180,000 $3,795,000 $0 0.00%

    2020 saw First Bank & Trust Co. place emphasis on $100,000 or less loans with 270 originations, totaling $12,300,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 131 $6,675,000 $50,954 $0 0.00%
    $50k-75k 58 $4,720,000 $81,379 $0 0.00%
    $100k-150k 44 $4,910,000 $111,591 $0 0.00%
    $150k-250k 44 $8,160,000 $185,455 $0 0.00%
    $75k-100k 42 $3,190,000 $75,952 $0 0.00%
    $250k+ 20 $4,080,000 $204,000 $0 0.00%

    First Bank & Trust Co. lent most frequently to those with incomes in the $50k or less range, with 131 originations. The second most popular income band? $50k-75k, with 58 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 389 $54,415,000 $139,884 $0 0.00%

    First Bank & Trust Co. lent most frequently to those with DTI ratios of Exempt%, with 389 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 321 $28,805,000 $89,735 $0 0.00%
    Not applicable 42 $22,140,000 $527,143 $0 0.00%
    Asian 4 $1,580,000 $395,000 $0 0.00%
    Black 7 $835,000 $119,286 $0 0.00%
    American Indian 10 $700,000 $70,000 $0 0.00%
    Not provided 4 $270,000 $67,500 $0 0.00%
    Other Asian 1 $85,000 $85,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.48%

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

    Pick Rate

    Approvals leading to origination
    79.18%

    First Bank & Trust Co. has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 389 $54,415,000 $139,884

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $65,000 $65,000
    Multifamily:Site-Built 9 $16,715,000 $1,857,222
    Single Family (1-4 Units):Manufactured 53 $2,785,000 $52,547
    Single Family (1-4 Units):Site-Built 326 $34,850,000 $106,902

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    FIRST HORIZON BANK Other type of mortgage Closing on a mortgage 2 13.3%
    FIRST HORIZON BANK Other type of mortgage Struggling to pay mortgage 1 6.7%
    FIRST HORIZON BANK Other type of mortgage Trouble during payment process 2 13.3%
    FIRST HORIZON BANK Conventional home mortgage Closing on a mortgage 1 6.7%
    FIRST HORIZON BANK Conventional home mortgage Trouble during payment process 4 26.7%
    FIRST HORIZON BANK Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 6.7%
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 3 20.0%
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Trouble during payment process 1 6.7%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    First Bank & Trust Co. 301 West Main Street Ardmore, OK 73401 Full Service B&M $52,205
    First Bank & Trust Co. 313 West Main Street Healdton, OK 73438 Full Service B&M $72,076
    First Bank & Trust Co. 923-925 Main Street Duncan, OK 73533 Full Service B&M $255,407
    First Bank & Trust Co. 2400 Alameda Norman, OK 73071 Full Service B&M $13,246
    First Bank & Trust Co. 101 North Main Street Waurika, OK 73573 Full Service B&M $21,501
    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 $64,178
    First Bank & Trust Co. 1720 Mclish Ardmore, OK 73401 Full Service B&M $16,952
    First Bank & Trust Co. 2216 Nw 164th St., Suite B Edmond, OK 73083 Full Service B&M $1,689
    First Bank & Trust Co. 2330 36th Avenue Northwest Norman, OK 73072 Full Service B&M $34,303

    For 2020, First Bank & Trust Co. had 10 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $26,747
    Net interest income $24,870
    Total noninterest income $6,348
    Gross Fiduciary activities income $1,755
    Service charges on deposit accounts $1,468
    Trading account gains and fees $0
    Additional Noninterest Income $3,125
    Pre-tax net operating income $12,187
    Securities gains (or losses, -) $0
    Income before extraordinary items $11,579
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $11,579
    Minority interest net income $0
    Net income $11,579
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $11,579

    First Bank & Trust Co.'s gross interest income from loans was $26,747,000.
    First Bank & Trust Co.'s net interest income from loans was $24,870,000.
    First Bank & Trust Co.'s fee based income from loans was $1,468,000.
    First Bank & Trust Co.'s net income from loans was $11,579,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,877
    Provision for credit losses $637
    Total noninterest expense $18,394
    Salaries and employee benefits $11,102
    Premises and equipment expense $2,018
    Additional noninterest expense $5,274
    Applicable income taxes $608
    Net charge-offs $95
    Cash dividends $5,684

    First Bank & Trust Co.'s interest expense for loans was $1,877,000.
    First Bank & Trust Co.'s payroll and benefits expense were $11,102,000.
    First Bank & Trust Co.'s property, plant and equipment expenses $2,018,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 3.0%
    Real Estate loans 3.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 6.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    Commercial & industrial loans 7.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 1.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $525,018
    Deposits held in domestic offices $525,018
    Deposits by Individuals, partnerships, and corporations $500,143
    Deposits by U.S. Government $1,696
    Deposits by States and political subdivisions in the U.S. $23,179
    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 $153,325
    Demand deposits $95,506
    Nontransaction accounts $371,693
    Money market deposit accounts (MMDAs) $217,943
    Other savings deposits (excluding MMDAs) $68,044
    Total time deposits $85,708
    Total time and savings deposits $429,512
    Noninterest-bearing deposits $165,890
    Interest-bearing deposits $359,128
    Retail deposits $487,050
    IRAs and Keogh plan accounts $11,417
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $623,901
    Cash & Balances due from depository institutions $32,659
    Interest-bearing balances $26,047
    Total securities $34,268
    Federal funds sold & reverse repurchase $52,669
    Net loans and leases $489,826
    Loan and leases loss allowance $6,306
    Trading account assets $0
    Bank premises and fixed assets $9,649
    Other real estate owned $1,051
    Goodwill and other intangibles $111
    All other assets $3,668

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $623,901
    Total Liabilities $526,558
    Total deposits $525,018
    Interest-bearing deposits $359,128
    Deposits held in domestic offices $525,018
    % insured (estimated) $57
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $1,540

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $489,826
    Loan and leases loss allowance $6,306
    Total loans and leases (domestic) $496,132
    All real estate loans $424,710
    Real estate loans in domestic offices $424,710
    Construction and development loans $45,995
    Residential 1-4 family construction $27,229
    Other construction, all land development and other land $18,766
    Loans secured by nonfarm nonresidential properties $194,595
    Nonfarm nonresidential secured by owner-occupied properties $52,440
    Commercial real estate & other non-farm, non-residential $142,155
    Multifamily residential real estate $31,200
    1-4 family residential loans $143,145
    Farmland loans $9,775
    Loans held in foreign offices $0
    Farm loans $2,833
    Commercial and industrial loans $52,352
    To non-U.S. addressees $0
    Loans to individuals $14,074
    Credit card loans $0
    Related Plans $106
    Consumer Auto Loans $6,624
    Other loans to individuals $7,344
    All other loans & leases $2,162
    Loans to foreign governments and official institutions $0
    Other loans $119
    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 $2,429
    Non 1-4 family restructured loans & leases $1,783
    Total loans and leases (foreign) $0

    First Bank & Trust Co. had $489,826,000 of loans outstanding in 2020. $424,710,000 of loans were in real estate loans. $45,995,000 of loans were in development loans. $31,200,000 of loans were in multifamily mortgage loans. $143,145,000 of loans were in 1-4 family mortgage loans. $2,833,000 of loans were in farm loans. $0 of loans were in credit card loans. $6,624,000 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 182 $35,660 $195,934
    Nonfarm, nonresidential loans - <$100k 90 $3,789 $42,100
    Nonfarm, nonresidential loans - $100-250k 34 $4,061 $119,441
    Nonfarm, nonresidential loans - $250k-1MM 58 $27,810 $479,483
    Commercial & Industrial, US addressed loans - <$1MM 909 $27,096 $29,809
    Commercial & Industrial, US addressed loans - <$100k 819 $13,859 $16,922
    Commercial & Industrial, US addressed loans - $100-250k 61 $5,575 $91,393
    Commercial & Industrial, US addressed loans - $250k-1MM 29 $7,662 $264,207
    Farmland loans - <$1MM 102 $8,746 $85,745
    Farmland loans - <$100k 68 $2,951 $43,397
    Farmland loans - $100-250k 25 $3,108 $124,320
    Farmland loans - $250k-1MM 9 $2,687 $298,556
    Agriculture operations loans - <$1MM 105 $2,784 $26,514
    Agriculture operations loans - <$100k 99 $1,734 $17,515
    Agriculture operations loans - $100-250k 3 $334 $111,333
    Agriculture operations loans - $250k-1MM 3 $716 $238,667