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, 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
389Origination Dollar Volume (All Markets)
$54,415,000Employee 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) | 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% |
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
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
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
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
Approval Rates
Total approvals of all applications90.48%
First Bank & Trust Co. has an average approval rate.
Pick Rate
Approvals leading to origination79.18%
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
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 |