First Bank And Trust Mortgage Rates, Fees & Info
New Orleans, LALEI: 549300J59XY2XA4OSM90
Tax ID: 72-1189233
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
First Bank And Trust is a smaller bank specializing in Home Purchase loans. First Bank And Trust has a high proportion of conventional loans. Their top markets by origination volume include: New Orleans, Crestview, Panama City, Hammond, and Baton Rouge among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)First Bank And Trust has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
268Origination Dollar Volume (All Markets)
$117,500,000Top 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 |
|---|---|---|---|---|---|
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 36 | $40,360,000 | $1,121,111 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 73 | $35,825,000 | $490,753 | $0 | 0.00% |
| PANAMA CITY, FL (FHA|USDA|VA) | 118 | $33,300,000 | $282,203 | $0 | 0.00% |
| HAMMOND, LA (FHA|USDA|VA) | 22 | $3,460,000 | $157,273 | $0 | 0.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 5 | $1,155,000 | $231,000 | $0 | 0.00% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 6 | $1,080,000 | $180,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $525,000 | $525,000 | $0 | 0.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $0 | 0.00% |
| LAFAYETTE, LA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $0 | 0.00% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| Oxford, MS (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 268 | $117,500,000 | $438,433 | $0 | 0.00% |
For 2022, First Bank And Trust's most frequently originated type of loan was Conventional, with 268 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 224 | $104,510,000 | $466,563 | $0 | 0.00% |
| Refi | 42 | $12,930,000 | $307,857 | $0 | 0.00% |
| Home Improvement | 2 | $60,000 | $30,000 | $0 | 0.00% |
For 2022, First Bank And Trust's most frequently cited loan purpose was Home Purchase, with 224 originations. The 2nd most popular reason was Refi, with 42 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 268 | $117,500,000 | $438,433 | $0 | 0.00% |
For 2022, First Bank And Trust's most frequently cited loan duration was Other, with 268 originations.
Loan Sizing
2022 saw First Bank And Trust place emphasis on $200k-400k loans with 114 originations, totaling $32,920,000 in origination value.
Applicant Income
First Bank And Trust lent most frequently to those with incomes in the $150k-250k range, with 57 originations. The second most popular income band? $250k+, with 46 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 268 | $117,500,000 | $438,433 | $0 | 0.00% |
First Bank And Trust lent most frequently to those with DTI ratios of Exempt%, with 268 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.66%
First Bank And 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 origination92.54%
First Bank And Trust has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 268 | $117,500,000 | $438,433 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST CITIZENS BANCSHARES, INC. | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |