First Bank & Trust Mortgage Rates, Fees & Info

Brookings, SD

LEI: 549300IQ5NY7CSJLZW53

Tax ID: 46-0187030

5 stars - out of 5 stars, based on 53 reviews

Latest/2021 | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • SimulatedRates™
  • Bank Data

    Review & Overview

    First Bank & Trust is a smaller bank specializing in Home Purchase and Refi loans. First Bank & Trust has a high proportion of conventional loans. They have a low ratio of USDA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Sioux Falls, Minneapolis, Brookings, Watertown, and Faribault among others. We have data for 65 markets. (Some data included below & more in-depth data is available with an active subscription.)

    First Bank & Trust 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. First Bank & Trust is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type
    Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 7.04% 11/26/22
    30 Year Conventional Purchase 6.67% 11/26/22
    30 Year Conventional Refi 6.60% 11/26/22
    30 Year Cash-out Refi 6.75% 11/26/22
    30 Year FHA Purchase 7.34% 11/26/22
    30 Year FHA Refi 6.91% 11/26/22
    30 Year VA Purchase 6.20% 11/26/22
    30 Year VA Refi 6.16% 11/26/22
    30 Year USDA Purchase 6.74% 11/26/22
    30 Year USDA Refi 6.47% 11/26/22
    15 Year Conventional Purchase 6.25% 11/26/22
    15 Year Conventional Refi 6.10% 11/26/22
    15 Year Cash-out Refi 6.10% 11/26/22
    15 Year VA Refi 5.95% 11/26/22
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.


    Originations

    2,849

    Origination Dollar Volume (All Markets)

    $667,325,000

    Employee count

    663 Show all (13) awards

    Relative Rate

    First Bank & Trust's average 30 year fixed mortgage rate was 2.83%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.32%.

    Relative Fees (Closing Costs)

    First Bank & Trust's average total fees/closing costs for a 30 year fixed rate mortgage were $5,069.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    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
    SIOUX FALLS, SD (FHA|USDA|VA) 1,032 $232,160,000 $224,961 $4,858 2.90%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 479 $184,115,000 $384,374 $4,837 3.10%
    Outside of Metro Areas 544 $86,910,000 $159,761 $4,377 2.99%
    Brookings, SD (FHA|USDA|VA) 403 $74,825,000 $185,670 $4,223 2.97%
    Watertown, SD (FHA|USDA|VA) 167 $32,085,000 $192,126 $4,645 2.82%
    Faribault-Northfield, MN (FHA|USDA|VA) 14 $6,430,000 $459,286 $3,230 3.28%
    Vermillion, SD (FHA|USDA|VA) 39 $6,375,000 $163,462 $3,640 3.09%
    MANKATO, MN (FHA|USDA|VA) 5 $4,995,000 $999,000 $5,705 3.47%
    Spearfish, SD (FHA|USDA|VA) 10 $3,590,000 $359,000 $5,786 3.10%
    DULUTH, MN-WI (FHA|USDA|VA) 22 $2,670,000 $121,364 $4,033 3.75%
    SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 10 $2,430,000 $243,000 $5,003 2.86%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 6 $2,210,000 $368,333 $5,863 3.10%
    Brainerd, MN (FHA|USDA|VA) 9 $1,985,000 $220,556 $3,951 2.79%
    Owatonna, MN (FHA|USDA|VA) 1 $1,575,000 $1,575,000 $0 3.35%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 6 $1,410,000 $235,000 $6,525 3.05%
    Alexandria, MN (FHA|USDA|VA) 5 $1,375,000 $275,000 $5,732 3.35%
    Marshall, MN (FHA|USDA|VA) 7 $1,275,000 $182,143 $5,277 2.61%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 3 $1,195,000 $398,333 $8,110 2.88%
    Aberdeen, SD (FHA|USDA|VA) 4 $1,190,000 $297,500 $5,656 2.91%
    ST. CLOUD, MN (FHA|USDA|VA) 8 $1,160,000 $145,000 $4,085 3.26%
    Grand Rapids, MN (FHA|USDA|VA) 4 $1,010,000 $252,500 $5,635 3.12%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $1,010,000 $505,000 $8,696 2.94%
    ROCHESTER, MN (FHA|USDA|VA) 5 $1,005,000 $201,000 $4,217 2.92%
    Fergus Falls, MN (FHA|USDA|VA) 3 $855,000 $285,000 $5,852 3.07%
    Pierre, SD (FHA|USDA|VA) 4 $810,000 $202,500 $4,223 2.72%
    Huron, SD (FHA|USDA|VA) 3 $725,000 $241,667 $5,286 2.75%
    Spirit Lake, IA (FHA|USDA|VA) 3 $715,000 $238,333 $4,178 2.84%
    Yankton, SD (FHA|USDA|VA) 5 $605,000 $121,000 $4,107 3.00%
    FARGO, ND-MN (FHA|USDA|VA) 2 $550,000 $275,000 $5,118 2.56%
    Kapaa, HI (FHA|USDA|VA) 1 $545,000 $545,000 $10,506 2.38%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $545,000 $545,000 $7,261 2.88%
    FORT COLLINS, CO (FHA|USDA|VA) 1 $515,000 $515,000 $8,690 2.38%
    New Ulm, MN (FHA|USDA|VA) 3 $515,000 $171,667 $3,441 3.04%
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 1 $495,000 $495,000 $6,643 2.63%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $465,000 $465,000 $7,837 2.25%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 2 $440,000 $220,000 $3,910 2.50%
    BOULDER, CO (FHA|USDA|VA) 1 $435,000 $435,000 $6,875 2.88%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $400,000 $200,000 $5,340 2.63%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $395,000 $395,000 $6,313 2.88%
    BISMARCK, ND (FHA|USDA|VA) 1 $385,000 $385,000 $6,553 2.88%
    Norfolk, NE (FHA|USDA|VA) 1 $365,000 $365,000 $5,617 2.75%
    WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 1 $295,000 $295,000 $15,491 2.25%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $285,000 $285,000 $6,535 2.63%
    Willmar, MN (FHA|USDA|VA) 1 $285,000 $285,000 $5,218 2.50%
    Sevierville, TN (FHA|USDA|VA) 1 $285,000 $285,000 $0 3.95%
    NEW BERN, NC (FHA|USDA|VA) 1 $275,000 $275,000 $4,746 2.25%
    Red Wing, MN (FHA|USDA|VA) 2 $270,000 $135,000 $4,346 3.43%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 2 $270,000 $135,000 $0 4.25%
    THE VILLAGES, FL (FHA|USDA|VA) 1 $265,000 $265,000 $6,292 2.99%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $255,000 $255,000 $5,292 2.00%
    RAPID CITY, SD (FHA|USDA|VA) 2 $250,000 $125,000 $4,757 3.69%
    Stillwater, OK (FHA|USDA|VA) 1 $215,000 $215,000 $5,766 2.75%
    ERIE, PA (FHA|USDA|VA) 1 $205,000 $205,000 $5,507 2.75%
    TUCSON, AZ (FHA|USDA|VA) 1 $205,000 $205,000 $4,923 2.88%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 1 $185,000 $185,000 $0 3.13%
    Mitchell, SD (FHA|USDA|VA) 1 $155,000 $155,000 $3,258 2.25%
    PITTSFIELD, MA (FHA|USDA|VA) 1 $155,000 $155,000 $5,044 2.25%
    Austin, MN (FHA|USDA|VA) 2 $150,000 $75,000 $3,216 3.31%
    Albert Lea, MN (FHA|USDA|VA) 1 $145,000 $145,000 $0 1.99%
    MANHATTAN, KS (FHA|USDA|VA) 1 $95,000 $95,000 $0 3.90%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $95,000 $95,000 $3,866 2.88%
    COLUMBUS, GA-AL (FHA|USDA|VA) 1 $85,000 $85,000 $5,570 2.49%
    Winona, MN (FHA|USDA|VA) 1 $65,000 $65,000 $0 3.75%
    Worthington, MN (FHA|USDA|VA) 1 $65,000 $65,000 $3,620 3.00%
    LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 1 $25,000 $25,000 $0 5.75%
    First Bank & Trust's top markets include Sioux Falls, Minneapolis, Brookings, Watertown, and Faribault among others.

    Their top states include:
  • South Dakota (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Iowa (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against First Bank & Trust based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    SIOUX FALLS
    Similarity Rank: 376
    Farmers & Merchants Savings Bank
    Similarity Rank: 720
    American State Bank
    Similarity Rank: 817
    Anoka Hennepin Credit Union
    Similarity Rank: 826
    CU MORTGAGE DIRECT, LLC
    Similarity Rank: 1014
    MY Credit Union
    Similarity Rank: 1200
    Dacotah Bank
    Similarity Rank: 1225
    American Bank & Trust
    Similarity Rank: 1258
    Liberty Bank Minnesota
    Similarity Rank: 1488

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,087 $574,095,000 $275,081 $4,464 2.89%
    HELOC 551 $47,875,000 $86,887 n/a 3.47%
    VA 77 $21,935,000 $284,870 $7,121 2.36%
    USDA 72 $10,750,000 $149,306 $4,820 2.52%
    FHA 62 $12,670,000 $204,355 $7,380 2.65%

    For 2021, First Bank & Trust's most frequently originated type of loan was Conventional, with 2,087 originations. Their 2nd most popular type was HELOC, with 551 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,176 $342,380,000 $291,139 $5,099 3.03%
    Refi 767 $172,455,000 $224,844 $4,232 2.81%
    Cash Out Refi 535 $124,485,000 $232,682 $4,572 2.72%
    Home Improvement 213 $13,855,000 $65,047 $2,151 3.53%
    Other 158 $14,150,000 $89,557 $3,915 3.41%

    For 2021, First Bank & Trust's most frequently cited loan purpose was Home Purchase, with 1,176 originations. The 2nd most popular reason was Refi, with 767 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,396 $351,100,000 $251,504 $5,069 2.83%
    5 Year 586 $83,550,000 $142,577 $338 3.53%
    15 Year 460 $88,310,000 $191,978 $3,867 2.46%
    20 Year 206 $43,470,000 $211,019 $4,132 3.00%
    10 Year 93 $39,935,000 $429,409 $3,042 3.43%
    Other 84 $43,280,000 $515,238 $4,632 3.34%
    1 Year 22 $7,570,000 $344,091 $0 4.37%
    3 Year 2 $10,110,000 $5,055,000 $0 3.48%

    For 2021, First Bank & Trust's most frequently cited loan duration was 30 Year, with 1,396 originations. The 2nd most popular length was 5 Year, with 586 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $2k-3k 637 $131,285,000 $206,099
    $1k-2k 535 $70,345,000 $131,486
    $3k-4k 366 $109,720,000 $299,781
    $<1k 204 $36,340,000 $178,137
    $4k-5k 138 $54,360,000 $393,913
    $5k+ 135 $79,275,000 $587,222

    First Bank & Trust's average total fees were $5,069, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 637 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 985 $256,145,000 $260,046
    <2.5% 981 $185,855,000 $189,455
    3-4% 500 $178,980,000 $357,960
    4-5% 342 $44,070,000 $128,860
    5-6% 27 $1,805,000 $66,852
    6-7% 8 $390,000 $48,750
    7-8% 4 $30,000 $7,500
    Over 8% 2 $50,000 $25,000

    During 2021, First Bank & Trust's average interest rate for loans was 2.83%, while their most frequently originated rate bucket for loans was 2.5-3%, with 985 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,023 $276,055,000 $269,848 $5,132 2.83%
    $100k-200k 893 $134,285,000 $150,375 $3,714 2.81%
    $100,000 or less 682 $38,030,000 $55,762 $2,560 3.42%
    $400k-600k 206 $99,390,000 $482,476 $7,288 2.79%
    $1MM+ 29 $107,765,000 $3,716,034 $17,352 3.52%
    $600k-1MM 16 $11,800,000 $737,500 $9,395 3.22%

    2021 saw First Bank & Trust place emphasis on $200k-400k loans with 1,023 originations, totaling $276,055,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 632 $135,290,000 $214,066 $4,911 2.93%
    $50k-75k 542 $87,690,000 $161,790 $4,214 2.92%
    $75k-100k 468 $87,030,000 $185,962 $4,719 2.89%
    $150k-250k 365 $91,465,000 $250,589 $5,468 2.92%
    $50k or less 322 $39,160,000 $121,615 $3,747 2.94%
    $250k+ 238 $83,350,000 $350,210 $6,548 3.03%

    First Bank & Trust lent most frequently to those with incomes in the $100k-150k range, with 632 originations. The second most popular income band? $50k-75k, with 542 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 753 $155,145,000 $206,036 $4,610 2.84%
    30-36% 513 $107,805,000 $210,146 $4,717 2.87%
    <20% 361 $66,575,000 $184,418 $4,166 2.82%
    39% 99 $17,785,000 $179,646 $4,197 3.05%
    38% 95 $21,115,000 $222,263 $5,110 2.96%
    43% 92 $15,060,000 $163,696 $4,577 2.92%
    41% 90 $22,100,000 $245,556 $5,138 2.91%
    37% 86 $17,060,000 $198,372 $4,343 2.97%
    36% 85 $17,545,000 $206,412 $4,506 3.03%
    40% 81 $17,205,000 $212,407 $5,461 2.96%
    42% 74 $13,770,000 $186,081 $4,554 2.89%
    44% 67 $13,215,000 $197,239 $5,036 2.89%
    >60% 43 $9,145,000 $212,674 $3,112 3.68%
    45% 42 $8,750,000 $208,333 $4,812 3.14%
    46% 38 $7,880,000 $207,368 $5,232 2.93%
    50-60% 38 $5,750,000 $151,316 $6,486 3.60%
    49% 35 $10,145,000 $289,857 $6,073 2.85%
    48% 31 $6,915,000 $223,065 $5,295 2.79%
    47% 25 $6,585,000 $263,400 $5,676 2.84%

    First Bank & Trust lent most frequently to those with DTI ratios of 20-30%, with 753 originations. The next most common DTI ratio? 30-36%, with 513 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,477 $503,525,000 $203,280 $4,677 2.92%
    Not applicable 130 $112,440,000 $864,923 $0 3.96%
    Not provided 173 $37,365,000 $215,983 $4,624 3.07%
    Asian 27 $5,155,000 $190,926 $4,376 2.78%
    Black 17 $3,495,000 $205,588 $4,996 2.74%
    American Indian 19 $3,215,000 $169,211 $3,917 2.66%
    Asian Indian 4 $1,590,000 $397,500 $6,799 2.69%
    Native Hawaiian or Islander 2 $540,000 $270,000 $3,861 3.06%

    Approval Rates

    Total approvals of all applications
    95.06%

    First Bank & Trust has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    81.85%

    First Bank & Trust has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 1 $15,000 $15,000
    NA 2,848 $667,310,000 $234,308

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,849 $667,325,000 $234,231

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 283 $35,475,000 $125,353 $3,174 3.10%
    40-60% 399 $79,815,000 $200,038 $4,080 2.65%
    60-80% 960 $317,220,000 $330,438 $4,834 2.93%
    80-100% 807 $202,905,000 $251,431 $5,090 2.90%
    Over 100% 16 $4,600,000 $287,500 $13,027 2.63%
    Under 20% 358 $20,010,000 $55,894 $1,096 3.57%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    FIRST HORIZON BANK Conventional home mortgage Struggling to pay mortgage 1 2.9%
    FIRST HORIZON BANK Conventional home mortgage Closing on a mortgage 2 5.9%
    FIRST HORIZON BANK Conventional home mortgage Trouble during payment process 10 29.4%
    FIRST HORIZON BANK FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 2.9%
    FIRST HORIZON BANK FHA mortgage Closing on a mortgage 1 2.9%
    FIRST HORIZON BANK FHA mortgage Trouble during payment process 2 5.9%
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 2 5.9%
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Struggling to pay mortgage 1 2.9%
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Trouble during payment process 6 17.6%
    FIRST HORIZON BANK Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 2 5.9%
    FIRST HORIZON BANK Other type of mortgage Closing on a mortgage 2 5.9%
    FIRST HORIZON BANK Other type of mortgage Trouble during payment process 1 2.9%
    FIRST HORIZON BANK VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 2.9%
    FIRST HORIZON BANK Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 5.9%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    First Bank & Trust 700 22nd Avenue South Brookings, SD 57006 Full Service Retail $25,921
    First Bank & Trust 21420 Aberdeen Street Cedar, MN 55011 Full Service B&M $40,201
    First Bank & Trust 215 West Fourth Avenue Milbank, SD 57252 Full Service B&M $142,218
    First Bank & Trust 101 Second Street, N.W. Pipestone, MN 56164 Full Service B&M $250,057
    First Bank & Trust 110 North Minnesota Avenue Sioux Falls, SD 57104 Full Service B&M $523,840
    First Bank & Trust 1101 First Street Se New Prague, MN 56071 Full Service B&M $132,994
    First Bank & Trust 1120 9th Avenue Se Watertown, SD 57201 Full Service B&M $38,786
    First Bank & Trust 120 North Egan Avenue Madison, SD 57042 Full Service B&M $212,155
    First Bank & Trust 1909 Highway 36 West Roseville, MN 55113 Full Service B&M $65,355
    First Bank & Trust 20 East Main St Vermillion, SD 57069 Full Service B&M $71,771
    First Bank & Trust 209 South Rum River Drive Princeton, MN 55371 Full Service B&M $44,198
    First Bank & Trust 2220 Sixth Street Brookings, SD 57006 Full Service B&M $70,106
    First Bank & Trust 2233 6th Street Brookings, SD 57006 Full Service Retail $12,339
    First Bank & Trust 2300 West 57th Street Sioux Falls, SD 57108 Full Service B&M $116,541
    First Bank & Trust 234 First Avenue East Cambridge, MN 55008 Full Service B&M $144,885
    First Bank & Trust 301 West Main Street White, SD 57276 Full Service B&M $33,990
    First Bank & Trust 3316 West 66th Street, Suite 100 Edina, MN 55435 Full Service B&M $67,152
    First Bank & Trust 402 East Fifth Street Canton, SD 57013 Full Service B&M $91,086
    First Bank & Trust 445 Main Ave. Toronto, SD 57268 Full Service B&M $48,286
    First Bank & Trust 500 South Highline Avenue Sioux Falls, SD 57110 Full Service B&M $24,370
    First Bank & Trust 520 6th St Brookings, SD 57006 Full Service B&M $1,162,024
    First Bank & Trust 644 N. Main Ave Garretson, SD 57030 Full Service B&M $56,072

    For 2021, First Bank & Trust had 22 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $150,465
    Net interest income $142,356
    Total noninterest income $38,474
    Gross Fiduciary activities income $8,904
    Service charges on deposit accounts $3,526
    Trading account gains and fees $0
    Additional Noninterest Income $26,044
    Pre-tax net operating income $75,156
    Securities gains (or losses, -) $16
    Income before extraordinary items $56,719
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $56,719
    Minority interest net income $0
    Net income $56,719
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $56,706

    First Bank & Trust's gross interest income from loans was $150,465,000.
    First Bank & Trust's net interest income from loans was $142,356,000.
    First Bank & Trust's fee based income from loans was $3,526,000.
    First Bank & Trust's net income from loans was $56,719,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $8,109
    Provision for credit losses $2,700
    Total noninterest expense $102,974
    Salaries and employee benefits $70,307
    Premises and equipment expense $7,116
    Additional noninterest expense $25,551
    Applicable income taxes $18,453
    Net charge-offs $919
    Cash dividends $25,800

    First Bank & Trust's interest expense for loans was $8,109,000.
    First Bank & Trust's payroll and benefits expense were $70,307,000.
    First Bank & Trust's property, plant and equipment expenses $7,116,000.

    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 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.1%
    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 $3,595,859
    Deposits held in domestic offices $3,595,859
    Deposits by Individuals, partnerships, and corporations $3,262,220
    Deposits by U.S. Government $4
    Deposits by States and political subdivisions in the U.S. $302,781
    Deposits by Commercial banks and other depository institutions in U.S. $30,854
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $2,036,785
    Demand deposits $1,104,138
    Nontransaction accounts $1,559,074
    Money market deposit accounts (MMDAs) $830,284
    Other savings deposits (excluding MMDAs) $263,545
    Total time deposits $465,245
    Total time and savings deposits $2,491,721
    Noninterest-bearing deposits $888,454
    Interest-bearing deposits $2,707,405
    Retail deposits $3,461,771
    IRAs and Keogh plan accounts $47,900
    Brokered deposits $40,030
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $4,059,403
    Cash & Balances due from depository institutions $107,647
    Interest-bearing balances $74,613
    Total securities $901,646
    Federal funds sold & reverse repurchase $0
    Net loans and leases $2,835,509
    Loan and leases loss allowance $37,129
    Trading account assets $0
    Bank premises and fixed assets $32,117
    Other real estate owned $11,267
    Goodwill and other intangibles $63,522
    All other assets $107,695

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $4,059,403
    Total Liabilities $3,648,484
    Total deposits $3,595,859
    Interest-bearing deposits $2,707,405
    Deposits held in domestic offices $3,595,859
    % insured (estimated) $68
    Federal funds purchased and repurchase agreements $1,414
    Trading liabilities $0
    Other borrowed funds $103
    Subordinated debt $0
    All other liabilities $51,108

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $2,835,509
    Loan and leases loss allowance $37,129
    Total loans and leases (domestic) $2,872,638
    All real estate loans $1,831,057
    Real estate loans in domestic offices $1,831,057
    Construction and development loans $248,093
    Residential 1-4 family construction $40,520
    Other construction, all land development and other land $207,573
    Loans secured by nonfarm nonresidential properties $792,855
    Nonfarm nonresidential secured by owner-occupied properties $315,028
    Commercial real estate & other non-farm, non-residential $477,827
    Multifamily residential real estate $224,278
    1-4 family residential loans $333,226
    Farmland loans $232,605
    Loans held in foreign offices $0
    Farm loans $177,874
    Commercial and industrial loans $657,902
    To non-U.S. addressees $0
    Loans to individuals $74,633
    Credit card loans $41,019
    Related Plans $2,009
    Consumer Auto Loans $17,966
    Other loans to individuals $13,639
    All other loans & leases $131,172
    Loans to foreign governments and official institutions $0
    Other loans $80,722
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $8,568
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $19,406
    Non 1-4 family restructured loans & leases $19,377
    Total loans and leases (foreign) $0

    First Bank & Trust had $2,835,509,000 of loans outstanding in 2021. $1,831,057,000 of loans were in real estate loans. $248,093,000 of loans were in development loans. $224,278,000 of loans were in multifamily mortgage loans. $333,226,000 of loans were in 1-4 family mortgage loans. $177,874,000 of loans were in farm loans. $41,019,000 of loans were in credit card loans. $17,966,000 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 525 $126,044 $240,084
    Nonfarm, nonresidential loans - <$100k 126 $5,021 $39,849
    Nonfarm, nonresidential loans - $100-250k 150 $18,427 $122,847
    Nonfarm, nonresidential loans - $250k-1MM 249 $102,596 $412,032
    Commercial & Industrial, US addressed loans - <$1MM 1,503 $129,181 $85,949
    Commercial & Industrial, US addressed loans - <$100k 879 $22,609 $25,721
    Commercial & Industrial, US addressed loans - $100-250k 328 $31,248 $95,268
    Commercial & Industrial, US addressed loans - $250k-1MM 296 $75,324 $254,473
    Farmland loans - <$1MM 369 $57,859 $156,799
    Farmland loans - <$100k 81 $3,305 $40,802
    Farmland loans - $100-250k 166 $20,039 $120,717
    Farmland loans - $250k-1MM 122 $34,515 $282,910
    Agriculture operations loans - <$1MM 654 $45,700 $69,878
    Agriculture operations loans - <$100k 357 $6,678 $18,706
    Agriculture operations loans - $100-250k 173 $12,930 $74,740
    Agriculture operations loans - $250k-1MM 124 $26,092 $210,419