Fidelity Bank & Trust Mortgage Rates, Fees & Info
Dubuque, IALEI: 549300P8W7NTNS3TVK84
Tax ID: 42-0388390
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Mortgage Data
Bank Data
Review & Overview
Fidelity Bank & Trust is a smaller bank specializing in Refi and Home Purchase loans. Fidelity Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include: Dubuque, Platteville, Cedar Rapids, Waterloo, and Clinton among others. We have data for 14 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.
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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.53% | 11/17/24 |
| 30 Year Conventional Refi | 6.45% | 11/17/24 |
| 30 Year Cash-out Refi | 6.40% | 11/17/24 |
| 15 Year Conventional Purchase | 6.01% | 11/17/24 |
| 15 Year Conventional Refi | 6.31% | 11/17/24 |
| 15 Year Cash-out Refi | 6.31% | 11/17/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
540Origination Dollar Volume (All Markets)
$87,950,000Employee count
269Top 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) | 215 | $37,535,000 | $174,581 | $1,001 | 4.21% |
| Outside of Metro Areas | 190 | $26,920,000 | $141,684 | $1,197 | 4.19% |
| Platteville, WI (FHA|USDA|VA) | 48 | $9,100,000 | $189,583 | $1,131 | 4.49% |
| CEDAR RAPIDS, IA (FHA|USDA|VA) | 45 | $7,155,000 | $159,000 | $1,014 | 4.47% |
| WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) | 29 | $4,625,000 | $159,483 | $1,189 | 4.34% |
| Clinton, IA (FHA|USDA|VA) | 4 | $520,000 | $130,000 | $771 | 3.75% |
| Muscatine, IA (FHA|USDA|VA) | 2 | $480,000 | $240,000 | $2,232 | 3.19% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 3.75% |
| LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $1,428 | 2.88% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,012 | 3.38% |
| Fort Dodge, IA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,027 | 3.50% |
| IOWA CITY, IA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $1,634 | 4.13% |
| MADISON, WI (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $1,499 | 3.13% |
| Burlington, IA-IL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 5.75% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 540 | $87,950,000 | $162,870 | $1,114 | 4.25% |
For 2019, Fidelity Bank & Trust's most frequently originated type of loan was Conventional, with 540 originations.
Loan Reason
For 2019, Fidelity Bank & Trust's most frequently cited loan purpose was Refi, with 239 originations. The 2nd most popular reason was Home Purchase, with 225 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 538 | $87,720,000 | $163,048 | $1,114 | 4.25% |
| 1 Year | 1 | $65,000 | $65,000 | $0 | 4.50% |
| 5 Year | 1 | $165,000 | $165,000 | $0 | 4.50% |
For 2019, Fidelity Bank & Trust's most frequently cited loan duration was Other, with 538 originations. The 2nd most popular length was 1 Year, with 1 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 340 | $58,300,000 | $171,471 |
| $1k-2k | 31 | $6,535,000 | $210,806 |
| $2k-3k | 3 | $755,000 | $251,667 |
Fidelity Bank & Trust's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 340 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 222 | $41,540,000 | $187,117 |
| 4-5% | 195 | $30,805,000 | $157,974 |
| 5-6% | 92 | $8,630,000 | $93,804 |
| 2.5-3% | 25 | $6,535,000 | $261,400 |
| 6-7% | 6 | $440,000 | $73,333 |
During 2019, Fidelity Bank & Trust's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 3-4%, with 222 originations.
Loan Sizing
2019 saw Fidelity Bank & Trust place emphasis on $100k-200k loans with 195 originations, totaling $28,075,000 in origination value.
Applicant Income
Fidelity Bank & Trust lent most frequently to those with incomes in the $50k-75k range, with 86 originations. The second most popular income band? $50k or less, with 82 originations.
Applicant Debt to Income Ratio
Fidelity Bank & Trust lent most frequently to those with DTI ratios of 20-30%, with 152 originations. The next most common DTI ratio? 30-36%, with 71 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.45%
Fidelity Bank & Trust has an average approval rate.
Pick Rate
Approvals leading to origination95.93%
Fidelity Bank & Trust has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 0.0 | 1 | $255,000 | $255,000 |
| NA | 539 | $87,695,000 | $162,699 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 94 | $15,690,000 | $166,915 |
| Single Family (1-4 Units):Site-Built | 446 | $72,260,000 | $162,018 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Fidelity National Financial, Inc | Reverse mortgage | Trouble during payment process | 1 | 11.1% |
| Fidelity National Financial, Inc | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 11.1% |
| Fidelity National Financial, Inc | Conventional home mortgage | Closing on a mortgage | 2 | 22.2% |
| Fidelity National Financial, Inc | Conventional home mortgage | Trouble during payment process | 1 | 11.1% |
| Fidelity National Financial, Inc | Other type of mortgage | Closing on a mortgage | 2 | 22.2% |
| Fidelity National Financial, Inc | Other type of mortgage | Struggling to pay mortgage | 1 | 11.1% |
| Fidelity National Financial, Inc | Other type of mortgage | Trouble during payment process | 1 | 11.1% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Fidelity Bank & Trust | 18298 Highway 64 Maquoketa, IA 52060 | Full Service B&M | $21,293 |
| Fidelity Bank & Trust | 100 N Marquette Rd Prairie Du Chien, WI 53821 | Full Service B&M | $1,167 |
| Fidelity Bank & Trust | 100 North Lawler Postville, IA 52162 | Full Service B&M | $31,624 |
| Fidelity Bank & Trust | 102 Bierman Rd Epworth, IA 52045 | Full Service B&M | $26,381 |
| Fidelity Bank & Trust | 105 E Main Street Luxemburg, IA 52056 | Full Service B&M | $11,769 |
| Fidelity Bank & Trust | 107 South Garnavillo Street Anamosa, IA 52205 | Full Service B&M | $41,574 |
| Fidelity Bank & Trust | 110 First Avenue West Worthington, IA 52078 | Full Service B&M | $19,959 |
| Fidelity Bank & Trust | 1550 First Avenue East Cascade, IA 52033 | Full Service B&M | $61,444 |
| Fidelity Bank & Trust | 1611 Eighth Street, Se Dyersville, IA 52040 | Full Service B&M | $6 |
| Fidelity Bank & Trust | 200 Peosta Road Peosta, IA 52068 | Full Service B&M | $13,072 |
| Fidelity Bank & Trust | 201 South Frederick Avenue Oelwein, IA 50662 | Full Service B&M | $72,734 |
| Fidelity Bank & Trust | 208 2nd Street, Se Dyersville, IA 52040 | Full Service B&M | $137,864 |
| Fidelity Bank & Trust | 242 Wall Street East Dubuque, IL 61025 | Full Service B&M | $50,797 |
| Fidelity Bank & Trust | 300 North 2nd Street Bellevue, IA 52031 | Full Service B&M | $33,077 |
| Fidelity Bank & Trust | 424 Oak Street Monticello, IA 52310 | Full Service B&M | $15,871 |
| Fidelity Bank & Trust | 4250 Asbury Road Dubuque, IA 52002 | Full Service B&M | $65,728 |
| Fidelity Bank & Trust | 475 Cedar Cross Road Dubuque, IA 52003 | Full Service B&M | $42,709 |
| Fidelity Bank & Trust | 5080 Asbury Road Asbury, IA 52002 | Full Service B&M | $21 |
| Fidelity Bank & Trust | 6 Insight Drive, P. O. Box 401 Platteville, WI 53818 | Full Service B&M | $9,365 |
| Fidelity Bank & Trust | Highway 52 And Herder Street Guttenberg, IA 52052 | Full Service B&M | $56,987 |
| Fidelity Bank & Trust | Main And Pine Streets Lamotte, IA 52054 | Full Service B&M | $119 |
For 2019, Fidelity Bank & Trust had 21 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $52,277 |
| Net interest income | $41,463 |
| Total noninterest income | $5,459 |
| Gross Fiduciary activities income | $206 |
| Service charges on deposit accounts | $1,440 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $3,813 |
| Pre-tax net operating income | $18,954 |
| Securities gains (or losses, -) | $499 |
| Income before extraordinary items | $15,575 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $15,575 |
| Minority interest net income | $0 |
| Net income | $15,575 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $15,175 |
Fidelity Bank & Trust's gross interest income from loans was $52,277,000.
Fidelity Bank & Trust's net interest income from loans was $41,463,000.
Fidelity Bank & Trust's fee based income from loans was $1,440,000.
Fidelity Bank & Trust's net income from loans was $15,575,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $10,814 |
| Provision for credit losses | $925 |
| Total noninterest expense | $27,043 |
| Salaries and employee benefits | $15,746 |
| Premises and equipment expense | $2,980 |
| Additional noninterest expense | $8,317 |
| Applicable income taxes | $3,878 |
| Net charge-offs | $-211 |
| Cash dividends | $6,500 |
Fidelity Bank & Trust's interest expense for loans was $10,814,000.
Fidelity Bank & Trust's payroll and benefits expense were $15,746,000.
Fidelity Bank & Trust's property, plant and equipment expenses $2,980,000.
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 | 1.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $1,179,455 |
| Deposits held in domestic offices | $1,179,455 |
| Deposits by Individuals, partnerships, and corporations | $1,004,946 |
| Deposits by U.S. Government | $2,147 |
| Deposits by States and political subdivisions in the U.S. | $171,378 |
| 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 | $488,281 |
| Demand deposits | $176,608 |
| Nontransaction accounts | $691,174 |
| Money market deposit accounts (MMDAs) | $137,527 |
| Other savings deposits (excluding MMDAs) | $179,892 |
| Total time deposits | $373,755 |
| Total time and savings deposits | $1,002,847 |
| Noninterest-bearing deposits | $176,608 |
| Interest-bearing deposits | $1,002,847 |
| Retail deposits | $1,123,455 |
| IRAs and Keogh plan accounts | $58,764 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $1,373,920 |
| Cash & Balances due from depository institutions | $126,517 |
| Interest-bearing balances | $104,008 |
| Total securities | $218,861 |
| Federal funds sold & reverse repurchase | $17,940 |
| Net loans and leases | $898,734 |
| Loan and leases loss allowance | $10,476 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $18,170 |
| Other real estate owned | $660 |
| Goodwill and other intangibles | $47,517 |
| All other assets | $45,521 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $1,373,920 |
| Total Liabilities | $1,204,848 |
| Total deposits | $1,179,455 |
| Interest-bearing deposits | $1,002,847 |
| Deposits held in domestic offices | $1,179,455 |
| % insured (estimated) | $68 |
| Federal funds purchased and repurchase agreements | $18,074 |
| Trading liabilities | $0 |
| Other borrowed funds | $1,868 |
| Subordinated debt | $0 |
| All other liabilities | $5,451 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $898,734 |
| Loan and leases loss allowance | $10,476 |
| Total loans and leases (domestic) | $909,210 |
| All real estate loans | $535,377 |
| Real estate loans in domestic offices | $535,377 |
| Construction and development loans | $11,210 |
| Residential 1-4 family construction | $6,942 |
| Other construction, all land development and other land | $4,268 |
| Loans secured by nonfarm nonresidential properties | $120,485 |
| Nonfarm nonresidential secured by owner-occupied properties | $59,777 |
| Commercial real estate & other non-farm, non-residential | $60,708 |
| Multifamily residential real estate | $29,024 |
| 1-4 family residential loans | $161,008 |
| Farmland loans | $213,650 |
| Loans held in foreign offices | $0 |
| Farm loans | $197,983 |
| Commercial and industrial loans | $139,031 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $22,740 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $15,212 |
| Other loans to individuals | $7,528 |
| All other loans & leases | $14,079 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $8,107 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $299 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $1,191 |
| Non 1-4 family restructured loans & leases | $954 |
| Total loans and leases (foreign) | $0 |
Fidelity Bank & Trust had $898,734,000 of loans outstanding in 2019. $535,377,000 of loans were in real estate loans. $11,210,000 of loans were in development loans. $29,024,000 of loans were in multifamily mortgage loans. $161,008,000 of loans were in 1-4 family mortgage loans. $197,983,000 of loans were in farm loans. $0 of loans were in credit card loans. $15,212,000 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 | 471 | $64,911 | $137,815 |
| Nonfarm, nonresidential loans - <$100k | 208 | $8,611 | $41,399 |
| Nonfarm, nonresidential loans - $100-250k | 160 | $18,587 | $116,169 |
| Nonfarm, nonresidential loans - $250k-1MM | 103 | $37,713 | $366,146 |
| Commercial & Industrial, US addressed loans - <$1MM | 823 | $65,278 | $79,317 |
| Commercial & Industrial, US addressed loans - <$100k | 539 | $13,105 | $24,314 |
| Commercial & Industrial, US addressed loans - $100-250k | 162 | $16,831 | $103,895 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 122 | $35,342 | $289,689 |
| Farmland loans - <$1MM | 503 | $76,461 | $152,010 |
| Farmland loans - <$100k | 136 | $5,333 | $39,213 |
| Farmland loans - $100-250k | 211 | $26,375 | $125,000 |
| Farmland loans - $250k-1MM | 156 | $44,753 | $286,878 |
| Agriculture operations loans - <$1MM | 913 | $75,187 | $82,352 |
| Agriculture operations loans - <$100k | 517 | $11,883 | $22,985 |
| Agriculture operations loans - $100-250k | 230 | $23,276 | $101,200 |
| Agriculture operations loans - $250k-1MM | 166 | $40,028 | $241,133 |