Republic Bank & Trust Mortgage Rates, Fees & Info

Norman, OK

LEI: 549300TOUQ38J2723B48

Tax ID: 73-1324795

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

Jump to:

Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Republic Bank & Trust is a smaller bank specializing in Home Purchase loans. Republic Bank & Trust has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Oklahoma City, Dallas, Shawnee, Fayetteville, and Ardmore among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Republic 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. Republic 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.


    Originations

    427

    Origination Dollar Volume (All Markets)

    $80,565,000

    Employee count

    144

    Awards

    Republic Bank & Trust FHA Loans gold Republic Bank & Trust VA Loans gold Republic Bank & Trust FHA Loans gold Republic Bank & Trust VA Loans silver
    Show all (4) 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
    OKLAHOMA CITY, OK (FHA|USDA|VA) 412 $78,050,000 $189,442 $3,409 4.95%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2 $710,000 $355,000 $6,811 5.42%
    Outside of Metro Areas 3 $535,000 $178,333 $3,206 4.38%
    Shawnee, OK (FHA|USDA|VA) 2 $270,000 $135,000 $8,143 4.94%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $245,000 $245,000 $2,518 4.50%
    Ardmore, OK (FHA|USDA|VA) 2 $210,000 $105,000 $3,736 4.13%
    LAWTON, OK (FHA|USDA|VA) 1 $185,000 $185,000 $6,353 4.63%
    TULSA, OK (FHA|USDA|VA) 1 $135,000 $135,000 $0 5.50%
    Cullman, AL (FHA|USDA|VA) 1 $85,000 $85,000 $1,702 4.63%
    TEXARKANA, TX-AR (FHA|USDA|VA) 1 $75,000 $75,000 $0 4.90%
    Blytheville, AR (FHA|USDA|VA) 1 $65,000 $65,000 $2,516 4.50%
    Republic Bank & Trust's top markets include Oklahoma City, Dallas, Shawnee, Fayetteville, and Ardmore among others.

    Their top states include:
  • Oklahoma (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)

    • Similar Lenders

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

    Municipal Employees Credit Union of Oklahoma City
    Similarity Rank: 89
    WEOKIE
    Similarity Rank: 120
    First Fidelity Bank
    Similarity Rank: 180
    TRUE SKY
    Similarity Rank: 240
    Washita Mortgage, Inc.
    Similarity Rank: 564
    US Employees O.C. Federal Credit Union
    Similarity Rank: 620
    OKLAHOMA'S
    Similarity Rank: 714
    CWM PARTNERS, L.P.
    Similarity Rank: 918
    COMMUNICATION
    Similarity Rank: 1020
    Republic Bank & Trust
    Similarity Rank: 1177

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 363 $69,225,000 $190,702 $2,911 5.06%
    FHA 35 $5,755,000 $164,429 $5,669 4.29%
    VA 20 $4,500,000 $225,000 $5,838 4.18%
    USDA 9 $1,085,000 $120,556 $3,817 4.29%

    For 2018, Republic Bank & Trust's most frequently originated type of loan was Conventional, with 363 originations. Their 2nd most popular type was FHA, with 35 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 347 $68,095,000 $196,239 $3,600 4.85%
    Refi 48 $8,010,000 $166,875 $2,359 5.57%
    Cash Out Refi 18 $3,250,000 $180,556 $2,965 4.60%
    Home Improvement 9 $605,000 $67,222 $1,019 5.91%
    Other 5 $605,000 $121,000 $3,158 5.02%

    For 2018, Republic Bank & Trust's most frequently cited loan purpose was Home Purchase, with 347 originations. The 2nd most popular reason was Refi, with 48 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 247 $50,115,000 $202,895 $3,781 4.62%
    5 Year 74 $12,010,000 $162,297 $608 5.70%
    15 Year 46 $8,020,000 $174,348 $2,872 4.38%
    1 Year 26 $5,100,000 $196,154 $1,941 5.54%
    Other 16 $2,540,000 $158,750 $2,253 5.89%
    20 Year 11 $1,235,000 $112,273 $1,353 6.33%
    10 Year 4 $380,000 $95,000 $3,111 5.45%
    3 Year 3 $1,165,000 $388,333 $936 5.50%

    For 2018, Republic Bank & Trust's most frequently cited loan duration was 30 Year, with 247 originations. The 2nd most popular length was 5 Year, with 74 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 274 $52,000,000 $189,781
    $1k-2k 18 $4,590,000 $255,000
    $2k-3k 10 $3,250,000 $325,000
    $3k-4k 4 $1,200,000 $300,000

    Republic Bank & Trust's average total fees were $3,781, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 274 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 220 $44,130,000 $200,591
    5-6% 125 $20,035,000 $160,280
    3-4% 52 $12,040,000 $231,538
    6-7% 22 $3,560,000 $161,818
    7-8% 6 $640,000 $106,667
    Over 8% 2 $160,000 $80,000

    During 2018, Republic Bank & Trust's average interest rate for loans was 4.62%, while their most frequently originated rate bucket for loans was 4-5%, with 220 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 175 $25,815,000 $147,514 $3,615 4.88%
    $200k-400k 121 $32,735,000 $270,537 $3,735 4.77%
    $100,000 or less 100 $6,810,000 $68,100 $2,269 5.32%
    $400k-600k 27 $11,945,000 $442,407 $3,990 4.76%
    $600k-1MM 3 $2,245,000 $748,333 $4,609 4.83%
    $1MM+ 1 $1,015,000 $1,015,000 $0 5.49%

    2018 saw Republic Bank & Trust place emphasis on $100k-200k loans with 175 originations, totaling $25,815,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 74 $15,490,000 $209,324 $3,568 4.78%
    $50k-75k 65 $9,945,000 $153,000 $3,651 4.75%
    $50k or less 62 $6,930,000 $111,774 $3,399 4.61%
    $75k-100k 52 $10,010,000 $192,500 $3,495 4.70%
    $150k-250k 51 $13,975,000 $274,020 $3,128 4.66%
    $250k+ 29 $7,575,000 $261,207 $3,292 5.20%

    Republic Bank & Trust lent most frequently to those with incomes in the $100k-150k range, with 74 originations. The second most popular income band? $50k-75k, with 65 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 74 $14,190,000 $191,757 $3,044 4.83%
    30-36% 61 $12,655,000 $207,459 $3,612 4.71%
    <20% 38 $6,660,000 $175,263 $2,933 4.86%
    41% 16 $2,490,000 $155,625 $3,209 4.42%
    37% 15 $2,795,000 $186,333 $3,730 4.87%
    44% 15 $3,095,000 $206,333 $3,585 4.55%
    40% 15 $2,865,000 $191,000 $3,186 5.08%
    36% 15 $2,645,000 $176,333 $3,475 4.99%
    39% 14 $2,740,000 $195,714 $3,107 4.72%
    42% 13 $2,485,000 $191,154 $3,230 4.82%
    48% 13 $2,565,000 $197,308 $3,754 4.56%
    47% 10 $2,300,000 $230,000 $3,890 4.40%
    38% 10 $2,160,000 $216,000 $4,249 4.56%
    43% 10 $1,620,000 $162,000 $4,456 4.44%
    49% 7 $1,185,000 $169,286 $3,856 4.95%
    45% 6 $1,610,000 $268,333 $3,181 4.71%
    50-60% 5 $1,015,000 $203,000 $6,758 4.63%
    46% 2 $460,000 $230,000 $3,079 5.25%

    Republic Bank & Trust lent most frequently to those with DTI ratios of 20-30%, with 74 originations. The next most common DTI ratio? 30-36%, with 61 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 299 $57,115,000 $191,020 $3,404 4.76%
    Not applicable 87 $15,865,000 $182,356 $0 5.67%
    American Indian 16 $2,520,000 $157,500 $3,898 4.57%
    Asian 12 $2,470,000 $205,833 $3,418 4.65%
    Not provided 5 $1,425,000 $285,000 $3,701 6.18%
    Black 7 $1,065,000 $152,143 $4,023 4.32%
    Native Hawaiian or Islander 1 $105,000 $105,000 $2,797 5.50%

    Approval Rates

    Total approvals of all applications
    90.55%

    Republic Bank & Trust has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.44%

    Republic Bank & Trust has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 427 $80,565,000 $188,677

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $930,000 $232,500
    Single Family (1-4 Units):Site-Built 423 $79,635,000 $188,262

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 31 $4,955,000 $159,839 $2,085 5.60%
    40-60% 39 $7,945,000 $203,718 $2,879 4.86%
    60-80% 147 $29,255,000 $199,014 $3,188 5.01%
    80-100% 193 $36,175,000 $187,435 $3,696 4.77%
    Over 100% 8 $1,770,000 $221,250 $9,794 4.22%
    Under 20% 9 $465,000 $51,667 $1,007 6.16%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Republic Bank & Trust 11671 South Western Avenue Oklahoma City, OK 73170 Full Service B&M $24,135
    Republic Bank & Trust 1200 East Lindsey Street Norman, OK 73071 Full Service B&M $29,926
    Republic Bank & Trust 3510 West Robinson Norman, OK 73069 Full Service B&M $81,524
    Republic Bank & Trust 401 West Main Norman, OK 73069 Full Service B&M $317,572
    Republic Bank & Trust 805 North Main Street Noble, OK 73068 Full Service B&M $25,611

    For 2018, Republic Bank & Trust had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $25,215
    Net interest income $22,720
    Total noninterest income $7,126
    Gross Fiduciary activities income $190
    Service charges on deposit accounts $1,871
    Trading account gains and fees $0
    Additional Noninterest Income $5,065
    Pre-tax net operating income $6,810
    Securities gains (or losses, -) $213
    Income before extraordinary items $6,441
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $6,441
    Minority interest net income $0
    Net income $6,441
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $6,245

    Republic Bank & Trust's gross interest income from loans was $25,215,000.
    Republic Bank & Trust's net interest income from loans was $22,720,000.
    Republic Bank & Trust's fee based income from loans was $1,871,000.
    Republic Bank & Trust's net income from loans was $6,441,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,495
    Provision for credit losses $3,441
    Total noninterest expense $19,595
    Salaries and employee benefits $9,805
    Premises and equipment expense $1,758
    Additional noninterest expense $8,032
    Applicable income taxes $582
    Net charge-offs $1,078
    Cash dividends $8,023

    Republic Bank & Trust's interest expense for loans was $2,495,000.
    Republic Bank & Trust's payroll and benefits expense were $9,805,000.
    Republic Bank & Trust's property, plant and equipment expenses $1,758,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 2.0%
    Real Estate loans 3.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 5.0%
    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 $498,600
    Deposits held in domestic offices $498,600
    Deposits by Individuals, partnerships, and corporations $493,272
    Deposits by U.S. Government $3
    Deposits by States and political subdivisions in the U.S. $5,326
    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 $94,044
    Demand deposits $94,044
    Nontransaction accounts $404,557
    Money market deposit accounts (MMDAs) $285,096
    Other savings deposits (excluding MMDAs) $32,012
    Total time deposits $87,449
    Total time and savings deposits $404,557
    Noninterest-bearing deposits $173,002
    Interest-bearing deposits $325,598
    Retail deposits $453,897
    IRAs and Keogh plan accounts $5,804
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $555,744
    Cash & Balances due from depository institutions $30,644
    Interest-bearing balances $18,450
    Total securities $114,213
    Federal funds sold & reverse repurchase $41
    Net loans and leases $388,292
    Loan and leases loss allowance $6,956
    Trading account assets $0
    Bank premises and fixed assets $14,205
    Other real estate owned $678
    Goodwill and other intangibles $614
    All other assets $7,057

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $555,744
    Total Liabilities $500,428
    Total deposits $498,600
    Interest-bearing deposits $325,598
    Deposits held in domestic offices $498,600
    % insured (estimated) $80
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $1,828

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $388,292
    Loan and leases loss allowance $6,956
    Total loans and leases (domestic) $395,248
    All real estate loans $328,330
    Real estate loans in domestic offices $328,330
    Construction and development loans $50,247
    Residential 1-4 family construction $19,138
    Other construction, all land development and other land $31,109
    Loans secured by nonfarm nonresidential properties $165,181
    Nonfarm nonresidential secured by owner-occupied properties $120,499
    Commercial real estate & other non-farm, non-residential $44,682
    Multifamily residential real estate $4,449
    1-4 family residential loans $107,814
    Farmland loans $639
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $57,827
    To non-U.S. addressees $437
    Loans to individuals $8,678
    Credit card loans $2,984
    Related Plans $358
    Consumer Auto Loans $2,917
    Other loans to individuals $2,419
    All other loans & leases $413
    Loans to foreign governments and official institutions $0
    Other loans $166
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $2,595
    Non 1-4 family restructured loans & leases $2,595
    Total loans and leases (foreign) $0

    Republic Bank & Trust had $388,292,000 of loans outstanding in 2018. $328,330,000 of loans were in real estate loans. $50,247,000 of loans were in development loans. $4,449,000 of loans were in multifamily mortgage loans. $107,814,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $2,984,000 of loans were in credit card loans. $2,917,000 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 152 $36,161 $237,901
    Nonfarm, nonresidential loans - <$100k 28 $1,094 $39,071
    Nonfarm, nonresidential loans - $100-250k 38 $4,989 $131,289
    Nonfarm, nonresidential loans - $250k-1MM 86 $30,078 $349,744
    Commercial & Industrial, US addressed loans - <$1MM 289 $25,812 $89,315
    Commercial & Industrial, US addressed loans - <$100k 174 $3,908 $22,460
    Commercial & Industrial, US addressed loans - $100-250k 64 $6,553 $102,391
    Commercial & Industrial, US addressed loans - $250k-1MM 51 $15,351 $301,000