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, Tulsa, and Stillwater among others. We have data for 17 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
302Origination Dollar Volume (All Markets)
$48,090,000Employee count
189Top 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) | 68 | $15,300,000 | $225,000 | $0 | 0.00% |
| Ardmore, OK (FHA|USDA|VA) | 88 | $8,350,000 | $94,886 | $0 | 0.00% |
| Duncan, OK (FHA|USDA|VA) | 91 | $8,145,000 | $89,505 | $0 | 0.00% |
| TULSA, OK (FHA|USDA|VA) | 10 | $8,120,000 | $812,000 | $0 | 0.00% |
| Outside of Metro Areas | 25 | $3,545,000 | $141,800 | $0 | 0.00% |
| Stillwater, OK (FHA|USDA|VA) | 7 | $1,585,000 | $226,429 | $0 | 0.00% |
| Breckenridge, CO (FHA|USDA|VA) | 1 | $745,000 | $745,000 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $0 | 0.00% |
| Muskogee, OK (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| LAWTON, OK (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $0 | 0.00% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| Elk City, OK (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| Ada, OK (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| Stephenville, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| McAlester, OK (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $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 | 302 | $48,090,000 | $159,238 | $0 | 0.00% |
For 2021, First Bank & Trust Co.'s most frequently originated type of loan was Conventional, with 302 originations.
Loan Reason
For 2021, First Bank & Trust Co.'s most frequently cited loan purpose was Refi, with 173 originations. The 2nd most popular reason was Home Purchase, with 107 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 302 | $48,090,000 | $159,238 | $0 | 0.00% |
For 2021, First Bank & Trust Co.'s most frequently cited loan duration was Other, with 302 originations.
Loan Sizing
2021 saw First Bank & Trust Co. place emphasis on $100,000 or less loans with 171 originations, totaling $8,615,000 in origination value.
Applicant Income
First Bank & Trust Co. lent most frequently to those with incomes in the $50k or less range, with 68 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% | 302 | $48,090,000 | $159,238 | $0 | 0.00% |
First Bank & Trust Co. lent most frequently to those with DTI ratios of Exempt%, with 302 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.09%
First Bank & Trust Co. has an average approval rate.
Pick Rate
Approvals leading to origination72.85%
First Bank & Trust Co. has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 302 | $48,090,000 | $159,238 |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST UNITED BANK AND TRUST COMPANY | Conventional home mortgage | Closing on a mortgage | 1 | 100.0% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| First Bank & Trust Co. | 215 Second Street Wellston, OK 74881 | Full Service B&M | $18,584 |
| First Bank & Trust Co. | 2216 Nw 164th St., Suite B Edmond, OK 73083 | Full Service B&M | $4,400 |
| First Bank & Trust Co. | 101 North Main Street Waurika, OK 73573 | Full Service B&M | $24,562 |
| 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 | $65,190 |
| First Bank & Trust Co. | 1720 Mclish Ardmore, OK 73401 | Full Service B&M | $21,311 |
| First Bank & Trust Co. | 2330 36th Avenue Northwest Norman, OK 73072 | Full Service B&M | $51,549 |
| First Bank & Trust Co. | 2400 Alameda Norman, OK 73071 | Full Service B&M | $14,923 |
| First Bank & Trust Co. | 300 West Main Stroud, OK 74079 | Full Service B&M | $45,143 |
| First Bank & Trust Co. | 301 West Main Street Ardmore, OK 73401 | Full Service B&M | $61,118 |
| First Bank & Trust Co. | 313 West Main Street Healdton, OK 73438 | Full Service B&M | $71,644 |
| First Bank & Trust Co. | 830 N Main Street Perkins, OK 74059 | Full Service B&M | $28,251 |
| First Bank & Trust Co. | 923-925 Main Street Duncan, OK 73533 | Full Service B&M | $256,487 |
For 2021, First Bank & Trust Co. had 13 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $30,629 |
| Net interest income | $29,658 |
| Total noninterest income | $8,979 |
| Gross Fiduciary activities income | $2,103 |
| Service charges on deposit accounts | $1,654 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $5,222 |
| Pre-tax net operating income | $14,530 |
| Securities gains (or losses, -) | $-61 |
| Income before extraordinary items | $13,879 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $13,879 |
| Minority interest net income | $0 |
| Net income | $13,879 |
| Sale, conversion, retirement of capital stock, net | $-164 |
| Net operating income | $13,937 |
First Bank & Trust Co.'s gross interest income from loans was $30,629,000.
First Bank & Trust Co.'s net interest income from loans was $29,658,000.
First Bank & Trust Co.'s fee based income from loans was $1,654,000.
First Bank & Trust Co.'s net income from loans was $13,879,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $971 |
| Provision for credit losses | $2,115 |
| Total noninterest expense | $21,992 |
| Salaries and employee benefits | $13,152 |
| Premises and equipment expense | $2,815 |
| Additional noninterest expense | $6,025 |
| Applicable income taxes | $590 |
| Net charge-offs | $-140 |
| Cash dividends | $5,504 |
First Bank & Trust Co.'s interest expense for loans was $971,000.
First Bank & Trust Co.'s payroll and benefits expense were $13,152,000.
First Bank & Trust Co.'s property, plant and equipment expenses $2,815,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 0.0% |
| Real Estate loans | 0.0% |
| Construction & Land Development loans | 0.0% |
| Nonfarm, nonresidential loans | 0.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 1.0% |
| HELOC loans | 0.0% |
| All other family | 1.0% |
| Commercial & industrial loans | 2.0% |
| 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 | $661,958 |
| Deposits held in domestic offices | $661,958 |
| Deposits by Individuals, partnerships, and corporations | $626,622 |
| Deposits by U.S. Government | $2,136 |
| Deposits by States and political subdivisions in the U.S. | $33,200 |
| 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 | $216,473 |
| Demand deposits | $132,937 |
| Nontransaction accounts | $445,485 |
| Money market deposit accounts (MMDAs) | $239,552 |
| Other savings deposits (excluding MMDAs) | $105,772 |
| Total time deposits | $100,160 |
| Total time and savings deposits | $529,021 |
| Noninterest-bearing deposits | $201,739 |
| Interest-bearing deposits | $460,219 |
| Retail deposits | $619,249 |
| IRAs and Keogh plan accounts | $12,889 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $769,911 |
| Cash & Balances due from depository institutions | $20,733 |
| Interest-bearing balances | $11,649 |
| Total securities | $132,031 |
| Federal funds sold & reverse repurchase | $52,367 |
| Net loans and leases | $541,687 |
| Loan and leases loss allowance | $8,581 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $14,642 |
| Other real estate owned | $57 |
| Goodwill and other intangibles | $1,735 |
| All other assets | $6,659 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $769,911 |
| Total Liabilities | $665,248 |
| Total deposits | $661,958 |
| Interest-bearing deposits | $460,219 |
| Deposits held in domestic offices | $661,958 |
| % insured (estimated) | $59 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $492 |
| Subordinated debt | $0 |
| All other liabilities | $2,798 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $541,687 |
| Loan and leases loss allowance | $8,581 |
| Total loans and leases (domestic) | $550,268 |
| All real estate loans | $488,068 |
| Real estate loans in domestic offices | $488,068 |
| Construction and development loans | $61,032 |
| Residential 1-4 family construction | $45,738 |
| Other construction, all land development and other land | $15,294 |
| Loans secured by nonfarm nonresidential properties | $208,895 |
| Nonfarm nonresidential secured by owner-occupied properties | $49,615 |
| Commercial real estate & other non-farm, non-residential | $159,280 |
| Multifamily residential real estate | $28,935 |
| 1-4 family residential loans | $158,313 |
| Farmland loans | $30,893 |
| Loans held in foreign offices | $0 |
| Farm loans | $4,799 |
| Commercial and industrial loans | $36,397 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $18,216 |
| Credit card loans | $0 |
| Related Plans | $127 |
| Consumer Auto Loans | $7,692 |
| Other loans to individuals | $10,397 |
| All other loans & leases | $2,787 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $204 |
| 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 | $2,255 |
| Non 1-4 family restructured loans & leases | $1,767 |
| Total loans and leases (foreign) | $0 |
First Bank & Trust Co. had $541,687,000 of loans outstanding in 2021. $488,068,000 of loans were in real estate loans. $61,032,000 of loans were in development loans. $28,935,000 of loans were in multifamily mortgage loans. $158,313,000 of loans were in 1-4 family mortgage loans. $4,799,000 of loans were in farm loans. $0 of loans were in credit card loans. $7,692,000 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 | 208 | $34,719 | $166,918 |
| Nonfarm, nonresidential loans - <$100k | 104 | $4,128 | $39,692 |
| Nonfarm, nonresidential loans - $100-250k | 44 | $5,056 | $114,909 |
| Nonfarm, nonresidential loans - $250k-1MM | 60 | $25,535 | $425,583 |
| Commercial & Industrial, US addressed loans - <$1MM | 739 | $24,417 | $33,041 |
| Commercial & Industrial, US addressed loans - <$100k | 651 | $10,599 | $16,281 |
| Commercial & Industrial, US addressed loans - $100-250k | 51 | $3,854 | $75,569 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 37 | $9,964 | $269,297 |
| Farmland loans - <$1MM | 175 | $17,131 | $97,891 |
| Farmland loans - <$100k | 106 | $4,436 | $41,849 |
| Farmland loans - $100-250k | 48 | $5,976 | $124,500 |
| Farmland loans - $250k-1MM | 21 | $6,719 | $319,952 |
| Agriculture operations loans - <$1MM | 177 | $4,664 | $26,350 |
| Agriculture operations loans - <$100k | 164 | $2,916 | $17,780 |
| Agriculture operations loans - $100-250k | 9 | $972 | $108,000 |
| Agriculture operations loans - $250k-1MM | 4 | $776 | $194,000 |