Fidelity Bank & Trust Mortgage Rates, Fees & Info

Dubuque, IA

LEI: 549300P8W7NTNS3TVK84

Tax ID: 42-0388390

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Fidelity Bank & Trust is a smaller bank specializing in Home Purchase and Refi loans. Fidelity Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include: Dubuque, Cedar Rapids, Madison, Platteville, and Des Moines among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Fidelity Bank & 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. Fidelity Bank & Trust is typically a low 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.53% 11/22/24
    30 Year Conventional Refi 6.45% 11/22/24
    30 Year Cash-out Refi 6.40% 11/22/24
    15 Year Conventional Purchase 6.01% 11/22/24
    15 Year Conventional Refi 6.31% 11/22/24
    15 Year Cash-out Refi 6.31% 11/22/24
    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.

    Fidelity Bank & Trust Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Fidelity Bank & Trust. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    379

    Origination Dollar Volume (All Markets)

    $50,935,000

    Employee count

    181 Show all (5) awards

    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
    DUBUQUE, IA (FHA|USDA|VA) 178 $25,210,000 $141,629 $1,307 4.60%
    Outside of Metro Areas 133 $15,165,000 $114,023 $1,478 4.71%
    CEDAR RAPIDS, IA (FHA|USDA|VA) 35 $4,375,000 $125,000 $1,172 4.70%
    MADISON, WI (FHA|USDA|VA) 1 $2,725,000 $2,725,000 $0 3.90%
    Platteville, WI (FHA|USDA|VA) 22 $2,070,000 $94,091 $950 4.86%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 1 $385,000 $385,000 $0 4.75%
    Clinton, IA (FHA|USDA|VA) 2 $310,000 $155,000 $1,335 4.38%
    WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 3 $195,000 $65,000 $0 5.02%
    Spirit Lake, IA (FHA|USDA|VA) 1 $185,000 $185,000 $1,944 4.77%
    Baraboo, WI (FHA|USDA|VA) 1 $135,000 $135,000 $2,030 4.87%
    IOWA CITY, IA (FHA|USDA|VA) 1 $115,000 $115,000 $1,926 4.00%
    DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 1 $65,000 $65,000 $0 4.95%
    Fidelity Bank & Trust's top markets include Dubuque, Cedar Rapids, Madison, Platteville, and Des Moines among others.

    Their top states include:
  • Iowa (FHA|USDA|VA)
  • Wisconsin (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)

    • Similar Lenders

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

    Citizens State Bank
    Similarity Rank: 68
    Mound City Bank
    Similarity Rank: 70
    Farmers Savings Bank & Trust
    Similarity Rank: 76
    Heartland Credit Union (Madison)
    Similarity Rank: 78
    Royal Bank
    Similarity Rank: 81
    Fidelity Bank & Trust
    Similarity Rank: 84
    Hills Bank and Trust Company
    Similarity Rank: 117
    FIRST
    Similarity Rank: 117
    RESIDENTIAL MORTGAGE NETWORK, INC.
    Similarity Rank: 216
    Farmers State Bank
    Similarity Rank: 220

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 379 $50,935,000 $134,393 $1,351 4.66%

    For 2018, Fidelity Bank & Trust's most frequently originated type of loan was Conventional, with 379 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 218 $32,310,000 $148,211 $1,548 4.58%
    Refi 123 $13,925,000 $113,211 $670 4.90%
    Cash Out Refi 23 $3,695,000 $160,652 $1,536 4.11%
    Home Improvement 10 $650,000 $65,000 $445 4.73%
    Other 5 $355,000 $71,000 $808 4.85%

    For 2018, Fidelity Bank & Trust's most frequently cited loan purpose was Home Purchase, with 218 originations. The 2nd most popular reason was Refi, with 123 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 126 $21,760,000 $172,698 $1,609 4.52%
    5 Year 110 $13,590,000 $123,545 $169 4.79%
    Other 51 $4,015,000 $78,725 $249 4.99%
    15 Year 32 $3,560,000 $111,250 $1,227 4.38%
    20 Year 29 $4,595,000 $158,448 $1,446 4.16%
    3 Year 14 $1,680,000 $120,000 $144 4.71%
    10 Year 7 $305,000 $43,571 $376 5.68%
    1 Year 6 $440,000 $73,333 $0 5.17%
    30+ year 4 $990,000 $247,500 $1,231 4.63%

    For 2018, Fidelity Bank & Trust's most frequently cited loan duration was 30 Year, with 126 originations. The 2nd most popular length was 5 Year, with 110 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 189 $27,555,000 $145,794
    $1k-2k 25 $4,765,000 $190,600
    $2k-3k 1 $175,000 $175,000
    $4k-5k 1 $165,000 $165,000

    Fidelity Bank & Trust's average total fees were $1,609, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 189 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 258 $33,960,000 $131,628
    5-6% 75 $6,385,000 $85,133
    3-4% 41 $10,215,000 $249,146
    6-7% 3 $95,000 $31,667
    <2.5% 1 $155,000 $155,000
    7-8% 1 $125,000 $125,000

    During 2018, Fidelity Bank & Trust's average interest rate for loans was 4.52%, while their most frequently originated rate bucket for loans was 4-5%, with 258 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 185 $10,525,000 $56,892 $921 4.87%
    $100k-200k 119 $16,845,000 $141,555 $1,538 4.52%
    $200k-400k 69 $18,065,000 $261,812 $1,556 4.38%
    $400k-600k 3 $1,505,000 $501,667 $2,194 4.46%
    $600k-1MM 2 $1,270,000 $635,000 $0 4.44%
    $1MM+ 1 $2,725,000 $2,725,000 $0 3.90%

    2018 saw Fidelity Bank & Trust place emphasis on $100,000 or less loans with 185 originations, totaling $10,525,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 56 $4,730,000 $84,464 $1,313 4.67%
    $100k-150k 55 $8,605,000 $156,455 $1,240 4.60%
    $50k-75k 53 $6,595,000 $124,434 $1,247 4.65%
    $75k-100k 47 $7,355,000 $156,489 $1,440 4.54%
    $150k-250k 36 $6,200,000 $172,222 $1,672 4.52%
    $250k+ 21 $1,915,000 $91,190 $1,626 4.64%

    Fidelity Bank & Trust lent most frequently to those with incomes in the $50k or less range, with 56 originations. The second most popular income band? $100k-150k, with 55 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 77 $12,565,000 $163,182 $1,541 4.41%
    <20% 50 $6,410,000 $128,200 $1,371 4.55%
    30-36% 49 $6,355,000 $129,694 $1,323 4.67%
    36% 13 $1,505,000 $115,769 $1,187 4.69%
    39% 9 $1,475,000 $163,889 $1,289 4.56%
    38% 8 $950,000 $118,750 $865 4.85%
    40% 7 $1,125,000 $160,714 $1,383 4.54%
    37% 6 $560,000 $93,333 $1,442 4.80%
    44% 5 $1,005,000 $201,000 $1,032 4.71%
    43% 5 $595,000 $119,000 $1,659 4.59%
    >60% 4 $360,000 $90,000 $276 5.16%
    42% 3 $575,000 $191,667 $1,372 4.42%
    50-60% 3 $305,000 $101,667 $147 5.40%
    41% 3 $335,000 $111,667 $1,156 4.67%
    45% 1 $55,000 $55,000 $1,474 4.63%
    47% 1 $195,000 $195,000 $308 5.10%

    Fidelity Bank & Trust lent most frequently to those with DTI ratios of 20-30%, with 77 originations. The next most common DTI ratio? <20%, with 50 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 295 $38,405,000 $130,186 $1,350 4.63%
    Not applicable 76 $11,720,000 $154,211 $0 4.77%
    Not provided 4 $630,000 $157,500 $1,463 4.16%
    Other Pacific Islander 3 $125,000 $41,667 $0 5.35%
    Native Hawaiian or Islander 1 $55,000 $55,000 $0 5.35%

    Approval Rates

    Total approvals of all applications
    90.07%

    Fidelity Bank & Trust has an average approval rate.

    Pick Rate

    Approvals leading to origination
    92.35%

    Fidelity Bank & Trust has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 379 $50,935,000 $134,393

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 3 $105,000 $35,000
    Multifamily:Site-Built 98 $12,420,000 $126,735
    Single Family (1-4 Units):Manufactured 3 $105,000 $35,000
    Single Family (1-4 Units):Site-Built 275 $38,305,000 $139,291

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 42 $4,170,000 $99,286 $501 4.95%
    40-60% 44 $8,820,000 $200,455 $1,137 4.62%
    60-80% 107 $18,335,000 $171,355 $1,613 4.42%
    80-100% 80 $12,020,000 $150,250 $1,580 4.59%
    Under 20% 106 $7,590,000 $71,604 $166 4.87%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Fidelity Direct Mortgage, LLC Conventional home mortgage Closing on a mortgage 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Fidelity Bank & Trust 100 North Lawler Postville, IA 52162 Full Service B&M $33,361
    Fidelity Bank & Trust 102 Bierman Rd Epworth, IA 52045 Full Service B&M $21,588
    Fidelity Bank & Trust 105 E Main Street Luxemburg, IA 52056 Full Service B&M $12,618
    Fidelity Bank & Trust 107 South Garnavillo Street Anamosa, IA 52205 Full Service B&M $38,348
    Fidelity Bank & Trust 110 First Avenue West Worthington, IA 52078 Full Service B&M $21,774
    Fidelity Bank & Trust 1550 First Avenue East Cascade, IA 52033 Full Service B&M $53,425
    Fidelity Bank & Trust 1611 Eighth Street, Se Dyersville, IA 52040 Limited, Drive-thru $0
    Fidelity Bank & Trust 18298 Highway 64 Maquoketa, IA 52060 Full Service B&M $20,405
    Fidelity Bank & Trust 200 Peosta Road Peosta, IA 52068 Full Service B&M $12,652
    Fidelity Bank & Trust 201 South Frederick Avenue Oelwein, IA 50662 Full Service B&M $74,843
    Fidelity Bank & Trust 208 2nd Street, Se Dyersville, IA 52040 Full Service B&M $134,215
    Fidelity Bank & Trust 242 Wall Street East Dubuque, IL 61025 Full Service B&M $48,048
    Fidelity Bank & Trust 300 North 2nd Street Bellevue, IA 52031 Full Service B&M $32,701
    Fidelity Bank & Trust 424 Oak Street Monticello, IA 52310 Full Service B&M $12,852
    Fidelity Bank & Trust 4250 Asbury Road Dubuque, IA 52002 Full Service B&M $69,249
    Fidelity Bank & Trust 475 Cedar Cross Road Dubuque, IA 52003 Full Service B&M $40,285
    Fidelity Bank & Trust 5080 Asbury Road Asbury, IA 52002 Full Service B&M $0
    Fidelity Bank & Trust 6 Insight Drive Platteville, WI 53818 Full Service B&M $7,554
    Fidelity Bank & Trust Highway 52 And Herder Street Guttenberg, IA 52052 Full Service B&M $42,403
    Fidelity Bank & Trust Main And Pine Streets Lamotte, IA 52054 Full Service B&M $0

    For 2018, Fidelity Bank & Trust had 20 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $31,315
    Net interest income $25,874
    Total noninterest income $2,566
    Gross Fiduciary activities income $31
    Service charges on deposit accounts $720
    Trading account gains and fees $0
    Additional Noninterest Income $1,815
    Pre-tax net operating income $11,458
    Securities gains (or losses, -) $0
    Income before extraordinary items $9,203
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $9,203
    Minority interest net income $0
    Net income $9,203
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $9,203

    Fidelity Bank & Trust's gross interest income from loans was $31,315,000.
    Fidelity Bank & Trust's net interest income from loans was $25,874,000.
    Fidelity Bank & Trust's fee based income from loans was $720,000.
    Fidelity Bank & Trust's net income from loans was $9,203,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $5,441
    Provision for credit losses $1,100
    Total noninterest expense $15,882
    Salaries and employee benefits $9,504
    Premises and equipment expense $1,923
    Additional noninterest expense $4,455
    Applicable income taxes $2,255
    Net charge-offs $548
    Cash dividends $23,250

    Fidelity Bank & Trust's interest expense for loans was $5,441,000.
    Fidelity Bank & Trust's payroll and benefits expense were $9,504,000.
    Fidelity Bank & Trust's property, plant and equipment expenses $1,923,000.

    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 0.0%
    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 $700,114
    Deposits held in domestic offices $700,114
    Deposits by Individuals, partnerships, and corporations $601,388
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $97,742
    Deposits by Commercial banks and other depository institutions in U.S. $984
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $243,933
    Demand deposits $91,753
    Nontransaction accounts $456,181
    Money market deposit accounts (MMDAs) $109,682
    Other savings deposits (excluding MMDAs) $103,197
    Total time deposits $243,302
    Total time and savings deposits $608,361
    Noninterest-bearing deposits $91,753
    Interest-bearing deposits $608,361
    Retail deposits $661,614
    IRAs and Keogh plan accounts $36,648
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $819,071
    Cash & Balances due from depository institutions $36,900
    Interest-bearing balances $22,357
    Total securities $105,183
    Federal funds sold & reverse repurchase $802
    Net loans and leases $610,176
    Loan and leases loss allowance $8,714
    Trading account assets $0
    Bank premises and fixed assets $10,083
    Other real estate owned $1,075
    Goodwill and other intangibles $21,209
    All other assets $33,643

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $819,071
    Total Liabilities $726,625
    Total deposits $700,114
    Interest-bearing deposits $608,361
    Deposits held in domestic offices $700,114
    % insured (estimated) $80
    Federal funds purchased and repurchase agreements $23,464
    Trading liabilities $0
    Other borrowed funds $97
    Subordinated debt $0
    All other liabilities $2,950

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $610,176
    Loan and leases loss allowance $8,714
    Total loans and leases (domestic) $618,890
    All real estate loans $349,768
    Real estate loans in domestic offices $349,768
    Construction and development loans $15,615
    Residential 1-4 family construction $3,678
    Other construction, all land development and other land $11,937
    Loans secured by nonfarm nonresidential properties $93,276
    Nonfarm nonresidential secured by owner-occupied properties $74,784
    Commercial real estate & other non-farm, non-residential $18,492
    Multifamily residential real estate $28,862
    1-4 family residential loans $85,398
    Farmland loans $126,617
    Loans held in foreign offices $0
    Farm loans $133,174
    Commercial and industrial loans $117,235
    To non-U.S. addressees $0
    Loans to individuals $9,836
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $6,381
    Other loans to individuals $3,455
    All other loans & leases $8,877
    Loans to foreign governments and official institutions $0
    Other loans $4,088
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $420
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $524
    Non 1-4 family restructured loans & leases $181
    Total loans and leases (foreign) $0

    Fidelity Bank & Trust had $610,176,000 of loans outstanding in 2018. $349,768,000 of loans were in real estate loans. $15,615,000 of loans were in development loans. $28,862,000 of loans were in multifamily mortgage loans. $85,398,000 of loans were in 1-4 family mortgage loans. $133,174,000 of loans were in farm loans. $0 of loans were in credit card loans. $6,381,000 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 405 $61,049 $150,738
    Nonfarm, nonresidential loans - <$100k 118 $4,772 $40,441
    Nonfarm, nonresidential loans - $100-250k 131 $14,453 $110,328
    Nonfarm, nonresidential loans - $250k-1MM 156 $41,824 $268,103
    Commercial & Industrial, US addressed loans - <$1MM 960 $54,137 $56,393
    Commercial & Industrial, US addressed loans - <$100k 483 $8,819 $18,259
    Commercial & Industrial, US addressed loans - $100-250k 194 $11,195 $57,706
    Commercial & Industrial, US addressed loans - $250k-1MM 283 $34,123 $120,576
    Farmland loans - <$1MM 312 $36,332 $116,449
    Farmland loans - <$100k 77 $2,955 $38,377
    Farmland loans - $100-250k 123 $12,234 $99,463
    Farmland loans - $250k-1MM 112 $21,143 $188,777
    Agriculture operations loans - <$1MM 1,185 $43,976 $37,111
    Agriculture operations loans - <$100k 469 $6,745 $14,382
    Agriculture operations loans - $100-250k 393 $14,790 $37,634
    Agriculture operations loans - $250k-1MM 323 $22,441 $69,477