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
  • 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

    Republic Bank & Trust is a smaller bank specializing in Home Purchase and Refi 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, Tulsa, Gainesville, Dallas, and Shawnee among others. We have data for 17 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

    381

    Origination Dollar Volume (All Markets)

    $81,885,000

    Employee count

    125 Show all (7) 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) 352 $66,290,000 $188,324 $3,465 4.68%
    TULSA, OK (FHA|USDA|VA) 3 $5,515,000 $1,838,333 $3,880 3.91%
    Gainesville, TX (FHA|USDA|VA) 2 $5,160,000 $2,580,000 $0 5.75%
    Outside of Metro Areas 7 $905,000 $129,286 $3,523 4.48%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2 $700,000 $350,000 $19,345 4.56%
    Shawnee, OK (FHA|USDA|VA) 4 $630,000 $157,500 $3,783 4.31%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $535,000 $535,000 $3,185 4.50%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $375,000 $375,000 $4,371 4.00%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $315,000 $315,000 $1,888 3.63%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $305,000 $305,000 $3,946 4.63%
    Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $235,000 $235,000 $6,317 3.75%
    Duncan, OK (FHA|USDA|VA) 1 $225,000 $225,000 $7,250 4.38%
    RICHMOND, VA (FHA|USDA|VA) 1 $225,000 $225,000 $3,184 3.50%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 1 $195,000 $195,000 $3,018 3.75%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $105,000 $105,000 $1,921 3.88%
    Miami, OK (FHA|USDA|VA) 1 $105,000 $105,000 $2,792 8.24%
    Ardmore, OK (FHA|USDA|VA) 1 $65,000 $65,000 $3,853 3.38%
    Republic Bank & Trust's top markets include Oklahoma City, Tulsa, Gainesville, Dallas, and Shawnee among others.

    Their top states include:
  • Oklahoma (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • North Carolina (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.

    TRUE SKY
    Similarity Rank: 174
    WEOKIE
    Similarity Rank: 243
    Municipal Employees Credit Union of Oklahoma City
    Similarity Rank: 321
    Intrust Bank
    Similarity Rank: 352
    MORTGAGE CLEARING CORPORATION
    Similarity Rank: 780
    US Employees O.C. Federal Credit Union
    Similarity Rank: 784
    CWM PARTNERS, L.P.
    Similarity Rank: 1180
    FIRST AMERICAN MORTGAGE, INC.
    Similarity Rank: 1224
    COMMUNICATION
    Similarity Rank: 1273
    BETTER MORTGAGE CORPORATION
    Similarity Rank: 1808

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 328 $71,080,000 $216,707 $2,918 4.81%
    FHA 27 $4,245,000 $157,222 $5,677 3.90%
    VA 24 $6,300,000 $262,500 $6,615 3.62%
    USDA 2 $260,000 $130,000 $3,509 4.00%

    For 2019, Republic Bank & Trust's most frequently originated type of loan was Conventional, with 328 originations. Their 2nd most popular type was FHA, with 27 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 265 $53,215,000 $200,811 $3,689 4.55%
    Refi 82 $22,770,000 $277,683 $2,814 4.95%
    Cash Out Refi 19 $4,105,000 $216,053 $3,964 3.84%
    Other 9 $1,075,000 $119,444 $2,201 5.90%
    Home Improvement 6 $720,000 $120,000 $2,900 6.23%

    For 2019, Republic Bank & Trust's most frequently cited loan purpose was Home Purchase, with 265 originations. The 2nd most popular reason was Refi, with 82 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 222 $46,430,000 $209,144 $3,850 4.13%
    5 Year 59 $15,965,000 $270,593 $1,106 5.94%
    15 Year 41 $6,315,000 $154,024 $3,013 4.22%
    1 Year 22 $3,510,000 $159,545 $1,939 5.76%
    Other 16 $5,960,000 $372,500 $0 5.77%
    20 Year 13 $1,935,000 $148,846 $2,060 5.13%
    3 Year 4 $1,350,000 $337,500 $0 5.94%
    10 Year 4 $420,000 $105,000 $2,630 6.50%

    For 2019, Republic Bank & Trust's most frequently cited loan duration was 30 Year, with 222 originations. The 2nd most popular length was 5 Year, with 59 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 237 $46,375,000 $195,675
    $1k-2k 22 $5,810,000 $264,091
    $2k-3k 2 $710,000 $355,000

    Republic Bank & Trust's average total fees were $3,850, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 237 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 158 $39,150,000 $247,785
    4-5% 94 $18,660,000 $198,511
    5-6% 88 $19,380,000 $220,227
    6-7% 23 $2,405,000 $104,565
    2.5-3% 6 $1,190,000 $198,333
    7-8% 6 $570,000 $95,000
    Over 8% 6 $530,000 $88,333

    During 2019, Republic Bank & Trust's average interest rate for loans was 4.13%, while their most frequently originated rate bucket for loans was 3-4%, with 158 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 163 $24,045,000 $147,515 $3,362 4.53%
    $200k-400k 104 $28,190,000 $271,058 $4,131 4.35%
    $100,000 or less 84 $5,410,000 $64,405 $2,140 5.44%
    $400k-600k 25 $11,615,000 $464,600 $4,491 4.19%
    $1MM+ 4 $11,650,000 $2,912,500 $0 4.87%
    $600k-1MM 1 $975,000 $975,000 $0 5.00%

    2019 saw Republic Bank & Trust place emphasis on $100k-200k loans with 163 originations, totaling $24,045,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 63 $14,475,000 $229,762 $4,279 4.41%
    $75k-100k 57 $9,155,000 $160,614 $3,541 4.17%
    $50k-75k 52 $7,970,000 $153,269 $3,523 4.31%
    $50k or less 51 $6,725,000 $131,863 $3,170 4.31%
    $150k-250k 34 $9,110,000 $267,941 $3,341 4.36%
    $250k+ 30 $8,040,000 $268,000 $2,913 4.86%

    Republic Bank & Trust lent most frequently to those with incomes in the $100k-150k range, with 63 originations. The second most popular income band? $75k-100k, with 57 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 84 $14,920,000 $177,619 $3,270 4.42%
    30-36% 53 $12,415,000 $234,245 $3,545 4.36%
    <20% 46 $7,160,000 $155,652 $2,959 4.35%
    36% 12 $2,000,000 $166,667 $4,108 4.51%
    37% 12 $2,210,000 $184,167 $3,893 4.26%
    40% 12 $2,070,000 $172,500 $3,952 4.57%
    38% 10 $2,220,000 $222,000 $6,172 3.89%
    39% 10 $1,600,000 $160,000 $2,328 5.17%
    44% 9 $1,535,000 $170,556 $3,225 5.36%
    48% 8 $2,440,000 $305,000 $5,491 3.80%
    41% 8 $1,280,000 $160,000 $3,722 4.55%
    47% 8 $1,570,000 $196,250 $3,291 4.03%
    45% 7 $1,695,000 $242,143 $3,558 3.75%
    49% 7 $1,695,000 $242,143 $4,173 3.80%
    46% 4 $670,000 $167,500 $3,741 3.66%
    43% 4 $580,000 $145,000 $2,050 4.56%
    42% 3 $525,000 $175,000 $2,248 5.13%
    50-60% 3 $695,000 $231,667 $7,560 3.83%
    >60% 1 $65,000 $65,000 $0 6.00%

    Republic Bank & Trust lent most frequently to those with DTI ratios of 20-30%, with 84 originations. The next most common DTI ratio? 30-36%, with 53 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 261 $48,815,000 $187,031 $3,527 4.40%
    Not applicable 80 $24,140,000 $301,750 $3,489 5.67%
    American Indian 17 $3,855,000 $226,765 $4,508 4.26%
    Asian 12 $2,800,000 $233,333 $3,093 3.93%
    Not provided 8 $1,820,000 $227,500 $3,277 4.98%
    Asian Indian 2 $350,000 $175,000 $0 6.00%
    Native Hawaiian or Islander 1 $105,000 $105,000 $2,496 4.13%

    Approval Rates

    Total approvals of all applications
    90.98%

    Republic Bank & Trust has an average approval rate.

    Pick Rate

    Approvals leading to origination
    81.10%

    Republic Bank & Trust has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 381 $81,885,000 $214,921

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 3 $6,645,000 $2,215,000
    Single Family (1-4 Units):Manufactured 3 $215,000 $71,667
    Single Family (1-4 Units):Site-Built 375 $75,025,000 $200,067

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 26 $3,670,000 $141,154 $2,081 5.65%
    40-60% 35 $9,175,000 $262,143 $3,016 4.69%
    60-80% 119 $30,455,000 $255,924 $3,127 4.83%
    80-100% 186 $36,630,000 $196,935 $3,749 4.32%
    Over 100% 4 $1,410,000 $352,500 $13,587 3.16%
    Under 20% 11 $545,000 $49,545 $1,452 6.76%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Republic State Mortgage Co. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%

    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 $24,812
    Republic Bank & Trust 1200 East Lindsey Street Norman, OK 73071 Full Service B&M $30,112
    Republic Bank & Trust 3510 West Robinson Norman, OK 73069 Full Service B&M $82,316
    Republic Bank & Trust 401 West Main Norman, OK 73069 Full Service B&M $335,747
    Republic Bank & Trust 805 North Main Street Noble, OK 73068 Full Service B&M $24,790

    For 2019, Republic Bank & Trust had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $26,543
    Net interest income $23,174
    Total noninterest income $6,184
    Gross Fiduciary activities income $16
    Service charges on deposit accounts $1,701
    Trading account gains and fees $0
    Additional Noninterest Income $4,467
    Pre-tax net operating income $8,703
    Securities gains (or losses, -) $366
    Income before extraordinary items $7,426
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $7,426
    Minority interest net income $0
    Net income $7,426
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $7,125

    Republic Bank & Trust's gross interest income from loans was $26,543,000.
    Republic Bank & Trust's net interest income from loans was $23,174,000.
    Republic Bank & Trust's fee based income from loans was $1,701,000.
    Republic Bank & Trust's net income from loans was $7,426,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,369
    Provision for credit losses $934
    Total noninterest expense $19,721
    Salaries and employee benefits $10,165
    Premises and equipment expense $1,612
    Additional noninterest expense $7,944
    Applicable income taxes $1,643
    Net charge-offs $492
    Cash dividends $1,800

    Republic Bank & Trust's interest expense for loans was $3,369,000.
    Republic Bank & Trust's payroll and benefits expense were $10,165,000.
    Republic Bank & Trust's property, plant and equipment expenses $1,612,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 3.0%
    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 2.0%
    HELOC loans 0.0%
    All other family 2.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.8%
    Other individual loans 0.0%
    Auto loans 1.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $617,574
    Deposits held in domestic offices $617,574
    Deposits by Individuals, partnerships, and corporations $579,602
    Deposits by U.S. Government $5
    Deposits by States and political subdivisions in the U.S. $34,255
    Deposits by Commercial banks and other depository institutions in U.S. $3,712
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $168,198
    Demand deposits $167,350
    Nontransaction accounts $449,376
    Money market deposit accounts (MMDAs) $320,189
    Other savings deposits (excluding MMDAs) $37,212
    Total time deposits $91,975
    Total time and savings deposits $450,224
    Noninterest-bearing deposits $188,892
    Interest-bearing deposits $428,682
    Retail deposits $573,247
    IRAs and Keogh plan accounts $4,989
    Brokered deposits $50,537
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $696,964
    Cash & Balances due from depository institutions $99,089
    Interest-bearing balances $90,102
    Total securities $208,129
    Federal funds sold & reverse repurchase $374
    Net loans and leases $365,967
    Loan and leases loss allowance $7,398
    Trading account assets $0
    Bank premises and fixed assets $13,252
    Other real estate owned $1,015
    Goodwill and other intangibles $532
    All other assets $8,606

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $696,964
    Total Liabilities $621,429
    Total deposits $617,574
    Interest-bearing deposits $428,682
    Deposits held in domestic offices $617,574
    % insured (estimated) $80
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $3,855

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $365,967
    Loan and leases loss allowance $7,398
    Total loans and leases (domestic) $373,365
    All real estate loans $316,439
    Real estate loans in domestic offices $316,439
    Construction and development loans $46,920
    Residential 1-4 family construction $13,892
    Other construction, all land development and other land $33,028
    Loans secured by nonfarm nonresidential properties $153,016
    Nonfarm nonresidential secured by owner-occupied properties $113,603
    Commercial real estate & other non-farm, non-residential $39,413
    Multifamily residential real estate $2,664
    1-4 family residential loans $113,281
    Farmland loans $558
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $45,230
    To non-U.S. addressees $600
    Loans to individuals $8,555
    Credit card loans $2,981
    Related Plans $659
    Consumer Auto Loans $2,423
    Other loans to individuals $2,492
    All other loans & leases $3,141
    Loans to foreign governments and official institutions $0
    Other loans $134
    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 $2,512
    Non 1-4 family restructured loans & leases $2,512
    Total loans and leases (foreign) $0

    Republic Bank & Trust had $365,967,000 of loans outstanding in 2019. $316,439,000 of loans were in real estate loans. $46,920,000 of loans were in development loans. $2,664,000 of loans were in multifamily mortgage loans. $113,281,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $2,981,000 of loans were in credit card loans. $2,423,000 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 141 $33,278 $236,014
    Nonfarm, nonresidential loans - <$100k 25 $978 $39,120
    Nonfarm, nonresidential loans - $100-250k 43 $5,704 $132,651
    Nonfarm, nonresidential loans - $250k-1MM 73 $26,596 $364,329
    Commercial & Industrial, US addressed loans - <$1MM 256 $19,861 $77,582
    Commercial & Industrial, US addressed loans - <$100k 174 $4,615 $26,523
    Commercial & Industrial, US addressed loans - $100-250k 46 $4,078 $88,652
    Commercial & Industrial, US addressed loans - $250k-1MM 36 $11,168 $310,222