Fidelity Bank & Trust Mortgage Rates, Fees & Info

Dubuque, IA

LEI: 549300P8W7NTNS3TVK84

Tax ID: 42-0388390

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Mortgage Data

Bank Data

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, Waterloo, Platteville, and Iowa City among others. We have data for 13 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.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.53% 4/28/24
30 Year Conventional Refi 6.45% 4/28/24
30 Year Cash-out Refi 6.40% 4/28/24
15 Year Conventional Purchase 6.01% 4/28/24
15 Year Conventional Refi 6.31% 4/28/24
15 Year Cash-out Refi 6.31% 4/28/24
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

952

Origination Dollar Volume (All Markets)

$201,560,000

Employee count

265 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) 347 $98,635,000 $284,251 $1,632 3.10%
Outside of Metro Areas 368 $49,320,000 $134,022 $1,499 3.29%
CEDAR RAPIDS, IA (FHA|USDA|VA) 85 $27,455,000 $323,000 $1,604 3.22%
WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 96 $15,980,000 $166,458 $1,512 3.14%
Platteville, WI (FHA|USDA|VA) 25 $4,115,000 $164,600 $1,652 3.14%
IOWA CITY, IA (FHA|USDA|VA) 6 $2,330,000 $388,333 $1,669 3.33%
Clinton, IA (FHA|USDA|VA) 8 $1,020,000 $127,500 $1,534 3.04%
Mason City, IA (FHA|USDA|VA) 4 $810,000 $202,500 $2,682 2.78%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 4 $570,000 $142,500 $1,827 2.91%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 2 $540,000 $270,000 $3,872 3.69%
Muscatine, IA (FHA|USDA|VA) 1 $295,000 $295,000 $1,547 2.25%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 3 $295,000 $98,333 $1,268 3.00%
ROCHESTER, MN (FHA|USDA|VA) 3 $195,000 $65,000 $2,401 3.50%
Fidelity Bank & Trust's top markets include Dubuque, Cedar Rapids, Waterloo, Platteville, and Iowa City among others.

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

    Heartland Credit Union (Madison)
    Similarity Rank: 84
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    LINN AREA
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 952 $201,560,000 $211,723 $1,572 3.19%

    For 2021, Fidelity Bank & Trust's most frequently originated type of loan was Conventional, with 952 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 432 $96,090,000 $222,431 $1,745 3.31%
    Refi 355 $70,965,000 $199,901 $1,406 3.17%
    Cash Out Refi 138 $26,070,000 $188,913 $1,603 2.78%
    Home Improvement 19 $7,615,000 $400,789 $732 3.81%
    Other 8 $820,000 $102,500 $985 3.43%

    For 2021, Fidelity Bank & Trust's most frequently cited loan purpose was Home Purchase, with 432 originations. The 2nd most popular reason was Refi, with 355 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 344 $66,890,000 $194,448 $1,705 3.10%
    5 Year 222 $57,800,000 $260,360 $247 3.73%
    15 Year 211 $34,105,000 $161,635 $1,577 2.57%
    20 Year 75 $12,765,000 $170,200 $1,585 2.99%
    Other 55 $17,665,000 $321,182 $635 3.80%
    10 Year 23 $3,405,000 $148,043 $477 3.68%
    1 Year 13 $8,395,000 $645,769 $932 3.74%
    3 Year 9 $535,000 $59,444 $0 3.63%

    For 2021, Fidelity Bank & Trust's most frequently cited loan duration was 30 Year, with 344 originations. The 2nd most popular length was 5 Year, with 222 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 609 $104,905,000 $172,258
    $1k-2k 49 $9,445,000 $192,755
    $2k-3k 9 $2,035,000 $226,111
    $3k-4k 7 $1,505,000 $215,000
    $5k+ 1 $465,000 $465,000

    Fidelity Bank & Trust's average total fees were $1,705, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 609 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 465 $113,725,000 $244,570
    2.5-3% 269 $52,195,000 $194,033
    <2.5% 160 $30,700,000 $191,875
    4-5% 37 $3,635,000 $98,243
    5-6% 20 $1,290,000 $64,500
    7-8% 1 $15,000 $15,000

    During 2021, Fidelity Bank & Trust's average interest rate for loans was 3.10%, while their most frequently originated rate bucket for loans was 3-4%, with 465 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 383 $54,965,000 $143,512 $1,615 2.99%
    $100,000 or less 295 $18,285,000 $61,983 $1,252 3.62%
    $200k-400k 221 $59,385,000 $268,710 $1,707 2.95%
    $400k-600k 36 $16,920,000 $470,000 $1,795 3.09%
    $1MM+ 13 $49,175,000 $3,782,692 $0 3.42%
    $600k-1MM 4 $2,830,000 $707,500 $0 3.50%

    2021 saw Fidelity Bank & Trust place emphasis on $100k-200k loans with 383 originations, totaling $54,965,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 177 $24,955,000 $140,989 $1,527 3.07%
    $100k-150k 162 $32,540,000 $200,864 $1,656 2.91%
    $50k or less 136 $13,750,000 $101,103 $1,494 3.32%
    $75k-100k 119 $20,605,000 $173,151 $1,558 2.83%
    $150k-250k 65 $17,665,000 $271,769 $1,722 2.82%
    $250k+ 25 $7,155,000 $286,200 $1,297 2.80%

    Fidelity Bank & Trust lent most frequently to those with incomes in the $50k-75k range, with 177 originations. The second most popular income band? $100k-150k, with 162 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 247 $42,625,000 $172,571 $1,600 2.92%
    30-36% 140 $25,900,000 $185,000 $1,647 2.97%
    <20% 135 $22,655,000 $167,815 $1,527 2.93%
    38% 22 $4,500,000 $204,545 $1,370 2.84%
    36% 21 $3,105,000 $147,857 $1,508 3.15%
    37% 18 $3,380,000 $187,778 $1,543 3.07%
    42% 17 $3,055,000 $179,706 $1,621 3.22%
    41% 17 $2,405,000 $141,471 $1,472 3.13%
    40% 11 $1,545,000 $140,455 $1,449 3.13%
    39% 11 $1,855,000 $168,636 $1,452 3.01%
    43% 11 $1,765,000 $160,455 $1,181 3.19%
    45% 8 $1,640,000 $205,000 $1,883 2.72%
    44% 7 $1,465,000 $209,286 $1,411 3.41%
    46% 5 $755,000 $151,000 $1,443 3.00%
    47% 4 $1,010,000 $252,500 $2,252 2.78%
    49% 3 $565,000 $188,333 $1,823 3.13%
    50-60% 2 $140,000 $70,000 $1,289 4.50%
    48% 1 $265,000 $265,000 $1,947 3.25%
    >60% 1 $15,000 $15,000 $464 5.75%

    Fidelity Bank & Trust lent most frequently to those with DTI ratios of 20-30%, with 247 originations. The next most common DTI ratio? 30-36%, with 140 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 733 $122,005,000 $166,446 $1,572 3.07%
    Not applicable 188 $73,210,000 $389,415 $0 3.69%
    Not provided 29 $5,795,000 $199,828 $1,472 2.89%
    Black 1 $515,000 $515,000 $3,872 2.88%
    Asian 1 $35,000 $35,000 $1,920 3.38%

    Approval Rates

    Total approvals of all applications
    95.34%

    Fidelity 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
    96.85%

    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 $15,000 $15,000
    NA 951 $201,545,000 $211,930

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    952 $201,560,000 $211,723

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 105 $21,465,000 $204,429 $1,309 3.45%
    40-60% 166 $32,060,000 $193,133 $1,535 3.03%
    60-80% 332 $89,920,000 $270,843 $1,627 3.01%
    80-100% 220 $39,350,000 $178,864 $1,691 3.17%
    Over 100% 6 $2,170,000 $361,667 $0 4.25%
    Under 20% 123 $16,595,000 $134,919 $657 3.65%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Fidelity National Financial, Inc VA mortgage Closing on a mortgage 1 4.5%
    Fidelity National Financial, Inc Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 9.1%
    Fidelity National Financial, Inc Conventional home mortgage Closing on a mortgage 11 50.0%
    Fidelity National Financial, Inc Conventional home mortgage Struggling to pay mortgage 1 4.5%
    Fidelity National Financial, Inc Conventional home mortgage Trouble during payment process 2 9.1%
    Fidelity National Financial, Inc FHA mortgage Closing on a mortgage 2 9.1%
    Fidelity National Financial, Inc Other type of mortgage Closing on a mortgage 1 4.5%
    Fidelity National Financial, Inc Other type of mortgage Struggling to pay mortgage 2 9.1%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Fidelity Bank & Trust 102 West Main Calmar, IA 52132 Full Service B&M $45,375
    Fidelity Bank & Trust 105 E Main Street Luxemburg, IA 52056 Full Service B&M $17,003
    Fidelity Bank & Trust 106 E. Main Street Ossian, IA 52161 Full Service B&M $32,847
    Fidelity Bank & Trust 300 North 2nd Street Bellevue, IA 52031 Full Service B&M $36,889
    Fidelity Bank & Trust 309 Lombard Street Clarence, IA 52216 Full Service B&M $34,828
    Fidelity Bank & Trust 102 Bierman Rd Epworth, IA 52045 Full Service B&M $36,315
    Fidelity Bank & Trust 100 N Marquette Rd Prairie Du Chien, WI 53821 Full Service B&M $2,739
    Fidelity Bank & Trust 100 North Lawler Postville, IA 52162 Full Service B&M $36,177
    Fidelity Bank & Trust 107 South Garnavillo Street Anamosa, IA 52205 Full Service B&M $48,379
    Fidelity Bank & Trust 110 First Avenue West Worthington, IA 52078 Full Service B&M $29,703
    Fidelity Bank & Trust 124 1st Street, Se Waverly, IA 50677 Full Service B&M $79,789
    Fidelity Bank & Trust 1503 Fourth Street S.W. Waverly, IA 50677 Full Service B&M $28,043
    Fidelity Bank & Trust 1550 First Avenue East Cascade, IA 52033 Full Service B&M $100,641
    Fidelity Bank & Trust 1611 Eighth Street, Se Dyersville, IA 52040 Full Service B&M $157
    Fidelity Bank & Trust 18298 Highway 64 Maquoketa, IA 52060 Full Service B&M $24,802
    Fidelity Bank & Trust 200 Peosta Road Peosta, IA 52068 Full Service B&M $31,796
    Fidelity Bank & Trust 201 South Frederick Avenue Oelwein, IA 50662 Full Service B&M $104,267
    Fidelity Bank & Trust 204 Wildcat Way Janesville, IA 50647 Full Service B&M $21,474
    Fidelity Bank & Trust 208 2nd Street, Se Dyersville, IA 52040 Full Service B&M $147,043
    Fidelity Bank & Trust 216 East Broadway Stanwood, IA 52337 Full Service B&M $14,441
    Fidelity Bank & Trust 242 Wall Street East Dubuque, IL 61025 Full Service B&M $62,557
    Fidelity Bank & Trust 25 North Chestnut Avenue New Hampton, IA 50659 Full Service B&M $97,884
    Fidelity Bank & Trust 424 Oak Street Monticello, IA 52310 Full Service B&M $22,664
    Fidelity Bank & Trust 4250 Asbury Road Dubuque, IA 52002 Full Service B&M $80,711
    Fidelity Bank & Trust 475 Cedar Cross Road Dubuque, IA 52003 Full Service B&M $49,016
    Fidelity Bank & Trust 5080 Asbury Road Asbury, IA 52002 Full Service B&M $379
    Fidelity Bank & Trust 509 Lynn St Tipton, IA 52772 Full Service B&M $62,747
    Fidelity Bank & Trust 561 Main Street Dike, IA 50624 Full Service B&M $29,053
    Fidelity Bank & Trust 6 Insight Drive, P. O. Box 401 Platteville, WI 53818 Full Service B&M $17,284
    Fidelity Bank & Trust 610 Gilbert St Charles City, IA 50616 Full Service B&M $23,301
    Fidelity Bank & Trust 801 W. Main Street West Branch, IA 52358 Full Service B&M $34,134
    Fidelity Bank & Trust Highway 52 And Herder Street Guttenberg, IA 52052 Full Service B&M $68,771
    Fidelity Bank & Trust Main And Pine Streets Lamotte, IA 52054 Full Service B&M $860

    For 2021, Fidelity Bank & Trust had 33 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $41,338
    Net interest income $36,639
    Total noninterest income $15,183
    Gross Fiduciary activities income $169
    Service charges on deposit accounts $731
    Trading account gains and fees $0
    Additional Noninterest Income $14,283
    Pre-tax net operating income $21,368
    Securities gains (or losses, -) $247
    Income before extraordinary items $17,097
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $17,097
    Minority interest net income $0
    Net income $17,097
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $16,901

    Fidelity Bank & Trust's gross interest income from loans was $41,338,000.
    Fidelity Bank & Trust's net interest income from loans was $36,639,000.
    Fidelity Bank & Trust's fee based income from loans was $731,000.
    Fidelity Bank & Trust's net income from loans was $17,097,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,699
    Provision for credit losses $500
    Total noninterest expense $29,954
    Salaries and employee benefits $18,509
    Premises and equipment expense $3,674
    Additional noninterest expense $7,771
    Applicable income taxes $4,518
    Net charge-offs $-144
    Cash dividends $6,500

    Fidelity Bank & Trust's interest expense for loans was $4,699,000.
    Fidelity Bank & Trust's payroll and benefits expense were $18,509,000.
    Fidelity Bank & Trust's property, plant and equipment expenses $3,674,000.

    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 $1,445,285
    Deposits held in domestic offices $1,445,285
    Deposits by Individuals, partnerships, and corporations $1,234,565
    Deposits by U.S. Government $1,039
    Deposits by States and political subdivisions in the U.S. $209,681
    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 $738,678
    Demand deposits $738,678
    Nontransaction accounts $706,607
    Money market deposit accounts (MMDAs) $153,419
    Other savings deposits (excluding MMDAs) $317,286
    Total time deposits $235,902
    Total time and savings deposits $706,607
    Noninterest-bearing deposits $266,003
    Interest-bearing deposits $1,179,282
    Retail deposits $1,402,988
    IRAs and Keogh plan accounts $54,524
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,658,656
    Cash & Balances due from depository institutions $180,460
    Interest-bearing balances $158,338
    Total securities $380,448
    Federal funds sold & reverse repurchase $10,923
    Net loans and leases $965,976
    Loan and leases loss allowance $12,251
    Trading account assets $0
    Bank premises and fixed assets $17,228
    Other real estate owned $0
    Goodwill and other intangibles $49,351
    All other assets $54,270

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,658,656
    Total Liabilities $1,473,186
    Total deposits $1,445,285
    Interest-bearing deposits $1,179,282
    Deposits held in domestic offices $1,445,285
    % insured (estimated) $81
    Federal funds purchased and repurchase agreements $17,920
    Trading liabilities $0
    Other borrowed funds $1,722
    Subordinated debt $0
    All other liabilities $8,259

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $965,976
    Loan and leases loss allowance $12,251
    Total loans and leases (domestic) $978,227
    All real estate loans $616,967
    Real estate loans in domestic offices $616,967
    Construction and development loans $21,059
    Residential 1-4 family construction $19,687
    Other construction, all land development and other land $1,372
    Loans secured by nonfarm nonresidential properties $138,534
    Nonfarm nonresidential secured by owner-occupied properties $74,658
    Commercial real estate & other non-farm, non-residential $63,876
    Multifamily residential real estate $50,869
    1-4 family residential loans $147,425
    Farmland loans $259,080
    Loans held in foreign offices $0
    Farm loans $168,855
    Commercial and industrial loans $155,102
    To non-U.S. addressees $0
    Loans to individuals $17,246
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $13,858
    Other loans to individuals $3,388
    All other loans & leases $20,057
    Loans to foreign governments and official institutions $0
    Other loans $12,663
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $678
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $706
    Non 1-4 family restructured loans & leases $621
    Total loans and leases (foreign) $0

    Fidelity Bank & Trust had $965,976,000 of loans outstanding in 2021. $616,967,000 of loans were in real estate loans. $21,059,000 of loans were in development loans. $50,869,000 of loans were in multifamily mortgage loans. $147,425,000 of loans were in 1-4 family mortgage loans. $168,855,000 of loans were in farm loans. $0 of loans were in credit card loans. $13,858,000 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 358 $60,978 $170,330
    Nonfarm, nonresidential loans - <$100k 145 $6,494 $44,786
    Nonfarm, nonresidential loans - $100-250k 112 $14,344 $128,071
    Nonfarm, nonresidential loans - $250k-1MM 101 $40,140 $397,426
    Commercial & Industrial, US addressed loans - <$1MM 815 $72,951 $89,510
    Commercial & Industrial, US addressed loans - <$100k 503 $11,963 $23,783
    Commercial & Industrial, US addressed loans - $100-250k 181 $18,472 $102,055
    Commercial & Industrial, US addressed loans - $250k-1MM 131 $42,516 $324,550
    Farmland loans - <$1MM 482 $65,517 $135,927
    Farmland loans - <$100k 135 $5,114 $37,881
    Farmland loans - $100-250k 179 $20,958 $117,084
    Farmland loans - $250k-1MM 168 $39,445 $234,792
    Agriculture operations loans - <$1MM 844 $58,661 $69,504
    Agriculture operations loans - <$100k 481 $10,075 $20,946
    Agriculture operations loans - $100-250k 215 $18,649 $86,740
    Agriculture operations loans - $250k-1MM 148 $29,937 $202,277