Firstar Bank Mortgage Rates, Fees & Info

Sallisaw, OK

LEI: 549300VWURV8LBNGQ353

Tax ID: 73-0741121

5 stars - out of 5 stars, based on 36 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Firstar Bank is a smaller bank specializing in Home Purchase and Refi loans. Firstar Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets include Fort Smith, Tulsa, Muskogee, Fayetteville, and Oklahoma City among others. Firstar Bank has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Firstar Bank is typically an average fee lendor.


Originations

1,331

Origination Dollar Volume (All Markets)

$268,445,000

Employee count

192 Show all (15) awards

Relative Rate

Firstar Bank's average 30 year fixed rate mortgage of loans were 2.92%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.23%.

Relative Fees

Firstar Bank's average total fees for a 30 year fixed rate mortgage are $4,417.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
FORT SMITH, AR-OK (FHA|USDA|VA) 683 $125,115,000 $183,184 $3,723 3.22%
TULSA, OK (FHA|USDA|VA) 261 $63,885,000 $244,770 $4,259 3.21%
Outside of Metro Areas 167 $29,735,000 $178,054 $4,906 2.97%
Muskogee, OK (FHA|USDA|VA) 125 $21,785,000 $174,280 $4,192 3.41%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 36 $10,950,000 $304,167 $3,395 3.01%
OKLAHOMA CITY, OK (FHA|USDA|VA) 11 $3,035,000 $275,909 $3,719 3.10%
Tahlequah, OK (FHA|USDA|VA) 16 $2,530,000 $158,125 $4,772 3.68%
Durant, OK (FHA|USDA|VA) 2 $2,320,000 $1,160,000 $2,889 4.08%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $2,055,000 $2,055,000 $7,698 3.65%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 3 $1,405,000 $468,333 $5,815 3.42%
McAlester, OK (FHA|USDA|VA) 5 $1,295,000 $259,000 $5,600 3.22%
Ada, OK (FHA|USDA|VA) 1 $635,000 $635,000 $26,772 2.63%
Duncan, OK (FHA|USDA|VA) 3 $485,000 $161,667 $3,148 3.13%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $445,000 $445,000 $11,829 3.63%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $335,000 $335,000 $3,441 2.88%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $295,000 $295,000 $5,347 3.00%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $265,000 $265,000 $8,048 2.25%
Bartlesville, OK (FHA|USDA|VA) 2 $260,000 $130,000 $4,694 3.19%
Stillwater, OK (FHA|USDA|VA) 2 $260,000 $130,000 $4,574 2.81%
Mount Pleasant, TX (FHA|USDA|VA) 1 $215,000 $215,000 $4,243 2.88%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $215,000 $215,000 $3,833 2.13%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $195,000 $195,000 $2,490 2.50%
Talladega-Sylacauga, AL (FHA|USDA|VA) 1 $195,000 $195,000 $3,369 2.00%
VALDOSTA, GA (FHA|USDA|VA) 1 $165,000 $165,000 $3,402 3.00%
Russellville, AR (FHA|USDA|VA) 2 $160,000 $80,000 $2,084 3.31%
WICHITA, KS (FHA|USDA|VA) 1 $135,000 $135,000 $4,163 2.88%
ENID, OK (FHA|USDA|VA) 1 $75,000 $75,000 $2,608 4.50%

Firstar Bank's top markets include Fort Smith, Tulsa, Muskogee, Fayetteville, and Oklahoma City among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 997 $208,825,000 $209,453 $3,357 3.35%
FHA 165 $29,695,000 $179,970 $6,324 2.74%
USDA 115 $16,375,000 $142,391 $4,681 2.79%
VA 54 $13,550,000 $250,926 $6,493 2.68%

For the 2021 period, Firstar Bank's most frequently originated loan type of loans were Conventional, with 997 originations. Their 2nd most popular type is FHA, with 165 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 876 $166,890,000 $190,514 $4,356 3.25%
Refi 418 $94,730,000 $226,627 $3,673 2.98%
Home Improvement 17 $1,055,000 $62,059 $1,754 5.20%
Other 12 $2,160,000 $180,000 $3,656 4.37%
Cash Out Refi 8 $3,610,000 $451,250 $4,043 3.23%

For the 2021, Firstar Bank's most frequently cited loan purpose of loans were Home Purchase, with 876 originations. The 2nd most popular reason of loans were Refi, with 418 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 914 $198,350,000 $217,013 $4,417 2.92%
15 Year 141 $21,635,000 $153,440 $3,327 3.16%
20 Year 96 $17,080,000 $177,917 $3,262 3.98%
Other 80 $14,680,000 $183,500 $2,358 4.53%
10 Year 50 $3,220,000 $64,400 $1,494 3.23%
1 Year 35 $6,675,000 $190,714 $3,564 4.83%
5 Year 10 $4,320,000 $432,000 $1,940 4.83%
3 Year 5 $2,485,000 $497,000 $0 4.73%

For the 2021, Firstar Bank's most frequently cited loan length of loans were 30 Year, with 914 originations. The 2nd most popular length of loans were 15 Year, with 141 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 851 $180,285,000 $211,851
$1k-2k 163 $26,135,000 $160,337
$2k-3k 67 $12,295,000 $183,507
$3k-4k 14 $4,460,000 $318,571
$5k+ 9 $3,735,000 $415,000

$4,417 of loans were Firstar Bank's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 851 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 495 $104,785,000 $211,687
<2.5% 300 $59,970,000 $199,900
3-4% 296 $66,980,000 $226,284
4-5% 196 $31,710,000 $161,786
5-6% 33 $4,305,000 $130,455
6-7% 7 $365,000 $52,143
7-8% 3 $205,000 $68,333
Over 8% 1 $125,000 $125,000

During 2021, Firstar Bank's average interest rate of loans were 2.92%, while their most frequently originated rate bucket of loans were 2.5-3%, with 495 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 541 $79,805,000 $147,514 $4,060 3.08%
$200k-400k 404 $109,070,000 $269,975 $4,404 2.97%
$100,000 or less 289 $19,165,000 $66,315 $2,990 3.76%
$400k-600k 77 $37,275,000 $484,091 $4,724 3.03%
$600k-1MM 13 $9,765,000 $751,154 $9,239 3.70%
$1MM+ 7 $13,365,000 $1,909,286 $6,851 3.94%

2021 saw Firstar Bank place emphasis on $100k-200k loans with 541 originations, totaling $79,805,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k or less 303 $35,275,000 $116,419 $3,947 3.06%
$50k-75k 299 $50,075,000 $167,475 $4,217 3.06%
$75k-100k 213 $40,515,000 $190,211 $4,293 3.08%
$100k-150k 206 $53,890,000 $261,602 $4,156 2.99%
$150k-250k 120 $34,910,000 $290,917 $3,649 3.30%
$250k+ 58 $22,280,000 $384,138 $4,517 3.43%

Firstar Bank lent most frequently to those with incomes in the $50k or less range, with 303 originations. The second most popular income band? $50k-75k, with 299 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 297 $56,135,000 $189,007 $3,850 2.88%
30-36% 234 $48,840,000 $208,718 $4,223 2.99%
<20% 127 $21,305,000 $167,756 $2,967 3.03%
39% 54 $14,010,000 $259,444 $4,443 2.98%
36% 47 $7,845,000 $166,915 $4,120 2.85%
42% 43 $9,035,000 $210,116 $4,128 2.94%
37% 42 $10,040,000 $239,048 $3,929 3.18%
38% 39 $8,055,000 $206,538 $3,847 2.97%
44% 37 $8,935,000 $241,486 $4,598 3.01%
40% 36 $7,960,000 $221,111 $4,055 3.27%
43% 35 $6,385,000 $182,429 $4,639 2.98%
41% 34 $6,200,000 $182,353 $4,480 3.24%
50-60% 30 $6,690,000 $223,000 $6,296 2.84%
45% 21 $4,665,000 $222,143 $4,033 2.92%
47% 20 $5,120,000 $256,000 $4,987 3.10%
46% 18 $4,140,000 $230,000 $4,920 2.93%
48% 17 $4,835,000 $284,412 $6,518 2.88%
49% 15 $3,375,000 $225,000 $5,000 2.94%
>60% 1 $215,000 $215,000 $1,095 2.25%

Firstar Bank lent most frequently to those with DTI ratios of 20-30%, with 297 originations. The next most common DTI ratio? 30-36%, with 234 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 999 $200,805,000 $201,006 $4,049 3.11%
Not applicable 96 $23,710,000 $246,979 $0 4.58%
American Indian 110 $18,830,000 $171,182 $4,523 3.01%
Not provided 69 $13,325,000 $193,116 $3,731 2.90%
Black 37 $6,995,000 $189,054 $4,895 3.05%
Asian 15 $3,665,000 $244,333 $3,100 3.19%
Other Asian 1 $365,000 $365,000 $3,309 3.13%
Vietnamese 2 $320,000 $160,000 $3,639 3.58%
Other Pacific Islander 1 $305,000 $305,000 $3,608 4.50%
Native Hawaiian 1 $125,000 $125,000 $0 4.50%

Approval Rates

Total approvals of all applications
95.95%

Firstar Bank 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
85.61%

Firstar Bank has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 1,331 $268,445,000 $201,687

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
1,331 $268,445,000 $201,687

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 36 $3,540,000 $98,333 $3,090 3.58%
40-60% 117 $21,235,000 $181,496 $3,520 3.20%
60-80% 455 $98,265,000 $215,967 $3,522 3.32%
80-100% 668 $138,750,000 $207,710 $4,579 3.06%
Over 100% 14 $3,970,000 $283,571 $11,257 2.63%
Under 20% 41 $2,685,000 $65,488 $753 4.02%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
FIRST HORIZON BANK Conventional home mortgage Closing on a mortgage 2 5.9%
FIRST HORIZON BANK FHA mortgage Trouble during payment process 2 5.9%
FIRST HORIZON BANK Conventional home mortgage Struggling to pay mortgage 1 2.9%
FIRST HORIZON BANK Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 5.9%
FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 2 5.9%
FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Struggling to pay mortgage 1 2.9%
FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Trouble during payment process 6 17.6%
FIRST HORIZON BANK VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 2.9%
FIRST HORIZON BANK Other type of mortgage Trouble during payment process 1 2.9%
FIRST HORIZON BANK Other type of mortgage Closing on a mortgage 2 5.9%
FIRST HORIZON BANK Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 2 5.9%
FIRST HORIZON BANK Conventional home mortgage Trouble during payment process 10 29.4%
FIRST HORIZON BANK FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 2.9%
FIRST HORIZON BANK FHA mortgage Closing on a mortgage 1 2.9%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Firstar Bank 103 East Ray Fine Boulevard Roland, OK 74954 Full Service B&M $61,806
Firstar Bank 1720 E Cherokee Ave Sallisaw, OK 74955 Full Service B&M $93,107
Firstar Bank 209 S Kerr Boulevard Sallisaw, OK 74955 Full Service B&M $29,411
Firstar Bank 2215 Chandler Muskogee, OK 74401 Full Service B&M $45,664
Firstar Bank 4300 Rogers Avenue, Suite 7 Fort Smith, AR 72903 Full Service B&M $4,275
Firstar Bank 510 North Main Street Muskogee, OK 74401 Full Service B&M $194,607
Firstar Bank 6200 Massard Rd Fort Smith, AR 72916 Full Service B&M $38,234
Firstar Bank 9696 E 101st Street Tulsa, OK 74133 Full Service B&M $164,250
Firstar Bank South Lee Street And Maple Avenue Fort Gibson, OK 74434 Full Service B&M $65,098

For 2021, Firstar Bank had 9 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $34,119
Net interest income $31,045
Total noninterest income $12,165
Gross Fiduciary activities income $0
Service charges on deposit accounts $2,523
Trading account gains and fees $0
Additional Noninterest Income $9,642
Pre-tax net operating income $19,365
Securities gains (or losses, -) $5
Income before extraordinary items $15,265
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $15,265
Minority interest net income $0
Net income $15,265
Sale, conversion, retirement of capital stock, net $0
Net operating income $15,261

Firstar Bank's gross interest income from loans was $34,119,000.
Firstar Bank's net interest income from loans was $31,045,000.
Firstar Bank's fee based income from loans was $2,523,000.
Firstar Bank's net income from loans was $15,265,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $3,074
Provision for credit losses $-2,125
Total noninterest expense $25,970
Salaries and employee benefits $16,467
Premises and equipment expense $2,182
Additional noninterest expense $7,321
Applicable income taxes $4,105
Net charge-offs $832
Cash dividends $11,000

Firstar Bank's interest expense for loans was $3,074,000.
Firstar Bank's payroll and benefits expense were $16,467,000.
Firstar Bank's property, plant and equipment expenses $2,182,000.

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 2.0%
HELOC loans 0.0%
All other family 2.0%
Commercial & industrial loans 0.0%
Personal loans 0.0%
Credit card loans 0.0%
Other individual loans 0.0%
Auto loans 2.0%
Other consumer loans 0.0%
Unsecured commercial real estate loans 0.0%

Deposits

Type Value (in 000's)
Total deposits $715,869
Deposits held in domestic offices $715,869
Deposits by Individuals, partnerships, and corporations $633,559
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $80,968
Deposits by Commercial banks and other depository institutions in U.S. $1,342
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $418,710
Demand deposits $418,710
Nontransaction accounts $297,159
Money market deposit accounts (MMDAs) $138,054
Other savings deposits (excluding MMDAs) $46,937
Total time deposits $112,168
Total time and savings deposits $297,159
Noninterest-bearing deposits $225,980
Interest-bearing deposits $489,889
Retail deposits $671,073
IRAs and Keogh plan accounts $10,997
Brokered deposits $2,725
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $805,479
Cash & Balances due from depository institutions $55,509
Interest-bearing balances $45,430
Total securities $71,122
Federal funds sold & reverse repurchase $0
Net loans and leases $628,065
Loan and leases loss allowance $7,213
Trading account assets $0
Bank premises and fixed assets $24,249
Other real estate owned $73
Goodwill and other intangibles $16,411
All other assets $10,050

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $805,479
Total Liabilities $725,112
Total deposits $715,869
Interest-bearing deposits $489,889
Deposits held in domestic offices $715,869
% insured (estimated) $59
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $4,984
Subordinated debt $0
All other liabilities $4,259

Issued Loan Types

Type Value (in 000's)
Net loans and leases $628,065
Loan and leases loss allowance $7,213
Total loans and leases (domestic) $635,278
All real estate loans $477,443
Real estate loans in domestic offices $477,443
Construction and development loans $125,680
Residential 1-4 family construction $56,684
Other construction, all land development and other land $68,996
Loans secured by nonfarm nonresidential properties $201,501
Nonfarm nonresidential secured by owner-occupied properties $116,087
Commercial real estate & other non-farm, non-residential $85,414
Multifamily residential real estate $17,159
1-4 family residential loans $127,096
Farmland loans $6,007
Loans held in foreign offices $0
Farm loans $2,962
Commercial and industrial loans $135,109
To non-U.S. addressees $0
Loans to individuals $14,421
Credit card loans $0
Related Plans $0
Consumer Auto Loans $4,785
Other loans to individuals $9,636
All other loans & leases $5,343
Loans to foreign governments and official institutions $0
Other loans $4,567
Loans to depository institutions and acceptances of other banks $0
Loans not secured by real estate $8,883
Loans secured by real estate to non-U.S. addressees $0
Restructured Loans & leases $209
Non 1-4 family restructured loans & leases $0
Total loans and leases (foreign) $0

Firstar Bank had $628,065,000 of loans outstanding in 2021. $477,443,000 of loans were in real estate loans. $125,680,000 of loans were in development loans. $17,159,000 of loans were in multifamily mortgage loans. $127,096,000 of loans were in 1-4 family mortgage loans. $2,962,000 of loans were in farm loans. $0 of loans were in credit card loans. $4,785,000 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 298 $67,627 $226,936
Nonfarm, nonresidential loans - <$100k 76 $3,496 $46,000
Nonfarm, nonresidential loans - $100-250k 88 $12,281 $139,557
Nonfarm, nonresidential loans - $250k-1MM 134 $51,850 $386,940
Commercial & Industrial, US addressed loans - <$1MM 728 $58,152 $79,879
Commercial & Industrial, US addressed loans - <$100k 538 $13,263 $24,652
Commercial & Industrial, US addressed loans - $100-250k 102 $11,199 $109,794
Commercial & Industrial, US addressed loans - $250k-1MM 88 $33,690 $382,841
Farmland loans - <$1MM 53 $4,947 $93,340
Farmland loans - <$100k 37 $1,554 $42,000
Farmland loans - $100-250k 9 $825 $91,667
Farmland loans - $250k-1MM 7 $2,568 $366,857
Agriculture operations loans - <$1MM 91 $2,962 $32,549
Agriculture operations loans - <$100k 79 $1,730 $21,899
Agriculture operations loans - $100-250k 9 $790 $87,778
Agriculture operations loans - $250k-1MM 3 $442 $147,333