Firstar Bank Mortgage Rates, Fees & Info

Sallisaw, OK

LEI: 549300VWURV8LBNGQ353

Tax ID: 73-0741121

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

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  • SimulatedRates™
  • Mortgage Calculator

    • 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

    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 by origination volume include: Fort Smith, Tulsa, Muskogee, Fayetteville, and Tahlequah among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Firstar Bank 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. Firstar Bank 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.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.65% 4/21/24
    30 Year Conventional Refi 6.52% 4/21/24
    30 Year FHA Purchase 7.23% 4/21/24
    30 Year FHA Refi 7.00% 4/21/24
    30 Year VA Purchase 6.20% 4/21/24
    30 Year VA Refi 6.19% 4/21/24
    30 Year USDA Purchase 6.57% 4/21/24
    15 Year Conventional Purchase 6.90% 4/21/24
    15 Year Conventional Refi 6.70% 4/21/24
    15 Year Cash-out Refi 6.70% 4/21/24
    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.

    Firstar Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Firstar Bank. 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

    700

    Origination Dollar Volume (All Markets)

    $101,360,000

    Employee count

    161 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
    FORT SMITH, AR-OK (FHA|USDA|VA) 398 $55,080,000 $138,392 $3,741 4.94%
    TULSA, OK (FHA|USDA|VA) 112 $22,700,000 $202,679 $4,536 5.11%
    Outside of Metro Areas 89 $11,115,000 $124,888 $4,282 4.94%
    Muskogee, OK (FHA|USDA|VA) 57 $5,565,000 $97,632 $3,373 5.34%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 12 $2,530,000 $210,833 $3,383 4.51%
    Tahlequah, OK (FHA|USDA|VA) 13 $1,585,000 $121,923 $3,157 5.29%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 6 $820,000 $136,667 $2,343 5.50%
    McAlester, OK (FHA|USDA|VA) 1 $345,000 $345,000 $0 5.75%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 3 $285,000 $95,000 $2,713 4.63%
    Miami, OK (FHA|USDA|VA) 1 $285,000 $285,000 $7,122 4.38%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $275,000 $275,000 $2,744 4.50%
    HOT SPRINGS, AR (FHA|USDA|VA) 2 $180,000 $90,000 $2,457 4.69%
    Duncan, OK (FHA|USDA|VA) 1 $165,000 $165,000 $2,909 4.63%
    Altus, OK (FHA|USDA|VA) 1 $155,000 $155,000 $4,834 4.38%
    Durant, OK (FHA|USDA|VA) 1 $135,000 $135,000 $3,509 4.25%
    Coffeyville, KS (FHA|USDA|VA) 1 $95,000 $95,000 $3,648 4.25%
    Branson, MO (FHA|USDA|VA) 1 $45,000 $45,000 $0 5.25%
    Firstar Bank's top markets include Fort Smith, Tulsa, Muskogee, Fayetteville, and Tahlequah among others.

    Their top states include:
  • Oklahoma (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • (FHA|USDA|VA)
  • Kansas (FHA|USDA|VA)

    • Similar Lenders

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

    Tulsa Federal Credit Union
    Similarity Rank: 42
    RED CROWN
    Similarity Rank: 66
    Citizens' Bank & Trust Co.
    Similarity Rank: 108
    MORTGAGE CLEARING CORPORATION
    Similarity Rank: 192
    Central Bank of Oklahoma
    Similarity Rank: 294
    TTCU Federal Credit Union
    Similarity Rank: 297
    The First State Bank
    Similarity Rank: 306
    First Security Bank
    Similarity Rank: 693
    Mabrey Bank
    Similarity Rank: 748
    The First National Bank of Fort Smith
    Similarity Rank: 891

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 479 $72,065,000 $150,449 $3,122 5.21%
    FHA 124 $17,000,000 $137,097 $5,442 4.57%
    USDA 59 $6,325,000 $107,203 $3,996 4.46%
    VA 38 $5,970,000 $157,105 $4,660 4.54%

    For 2018, Firstar Bank's most frequently originated type of loan was Conventional, with 479 originations. Their 2nd most popular type was FHA, with 124 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 523 $73,875,000 $141,252 $4,042 4.98%
    Refi 154 $26,170,000 $169,935 $3,584 4.94%
    Home Improvement 14 $950,000 $67,857 $1,353 5.78%
    Other 9 $365,000 $40,556 $2,334 6.05%

    For 2018, Firstar Bank's most frequently cited loan purpose was Home Purchase, with 523 originations. The 2nd most popular reason was Refi, with 154 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 414 $67,470,000 $162,971 $4,294 4.62%
    Other 109 $12,355,000 $113,349 $1,927 5.77%
    15 Year 68 $8,500,000 $125,000 $3,075 5.05%
    20 Year 44 $5,470,000 $124,318 $2,732 5.40%
    1 Year 36 $5,680,000 $157,778 $2,630 5.71%
    5 Year 18 $980,000 $54,444 $1,879 6.10%
    10 Year 8 $180,000 $22,500 $0 5.78%
    3 Year 3 $725,000 $241,667 $0 5.58%

    For 2018, Firstar Bank's most frequently cited loan duration was 30 Year, with 414 originations. The 2nd most popular length was Other, with 109 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 405 $65,545,000 $161,840
    $<1k 95 $7,925,000 $83,421
    $2k-3k 17 $3,165,000 $186,176
    $3k-4k 8 $2,160,000 $270,000
    $4k-5k 1 $415,000 $415,000
    $5k+ 1 $815,000 $815,000

    Firstar Bank's average total fees were $4,294, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 405 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 343 $58,785,000 $171,385
    5-6% 249 $27,945,000 $112,229
    3-4% 66 $11,380,000 $172,424
    6-7% 32 $2,240,000 $70,000
    7-8% 8 $850,000 $106,250
    Over 8% 2 $160,000 $80,000

    During 2018, Firstar Bank's average interest rate for loans was 4.62%, while their most frequently originated rate bucket for loans was 4-5%, with 343 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 281 $18,005,000 $64,075 $3,121 5.33%
    $100k-200k 263 $37,645,000 $143,137 $4,124 4.81%
    $200k-400k 136 $35,150,000 $258,456 $4,261 4.71%
    $400k-600k 17 $7,605,000 $447,353 $5,903 4.84%
    $600k-1MM 2 $1,690,000 $845,000 $9,767 4.75%
    $1MM+ 1 $1,265,000 $1,265,000 $0 5.00%

    2018 saw Firstar Bank place emphasis on $100,000 or less loans with 281 originations, totaling $18,005,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 194 $17,080,000 $88,041 $3,546 4.91%
    $50k-75k 151 $19,155,000 $126,854 $3,968 4.96%
    $75k-100k 99 $17,375,000 $175,505 $4,187 4.62%
    $100k-150k 83 $16,655,000 $200,663 $4,022 4.91%
    $150k-250k 57 $11,315,000 $198,509 $4,053 4.99%
    $250k+ 20 $5,190,000 $259,500 $4,065 5.43%

    Firstar Bank lent most frequently to those with incomes in the $50k or less range, with 194 originations. The second most popular income band? $50k-75k, with 151 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 126 $17,750,000 $140,873 $3,591 4.81%
    30-36% 103 $15,985,000 $155,194 $3,913 4.79%
    <20% 38 $5,440,000 $143,158 $3,669 4.91%
    40% 30 $5,100,000 $170,000 $4,609 4.79%
    38% 28 $4,560,000 $162,857 $3,622 4.59%
    50-60% 25 $3,975,000 $159,000 $5,499 4.58%
    36% 25 $3,595,000 $143,800 $3,919 4.91%
    37% 22 $3,390,000 $154,091 $3,255 4.94%
    39% 19 $3,495,000 $183,947 $4,364 4.51%
    41% 17 $2,725,000 $160,294 $3,648 4.84%
    43% 17 $2,565,000 $150,882 $3,904 4.96%
    42% 16 $2,150,000 $134,375 $3,443 4.91%
    44% 15 $2,535,000 $169,000 $4,399 4.81%
    45% 11 $1,455,000 $132,273 $3,600 4.57%
    49% 10 $1,470,000 $147,000 $4,298 4.89%
    48% 10 $1,280,000 $128,000 $4,440 4.57%
    47% 10 $1,710,000 $171,000 $4,332 4.55%
    46% 9 $965,000 $107,222 $3,775 4.61%
    >60% 1 $115,000 $115,000 $1,230 6.00%

    Firstar Bank lent most frequently to those with DTI ratios of 20-30%, with 126 originations. The next most common DTI ratio? 30-36%, with 103 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 514 $74,000,000 $143,969 $3,896 4.88%
    Not applicable 96 $14,590,000 $151,979 $3,027 5.63%
    American Indian 52 $7,410,000 $142,500 $3,670 5.12%
    Not provided 18 $2,840,000 $157,778 $3,986 4.76%
    Black 12 $1,170,000 $97,500 $4,601 5.38%
    Asian 6 $1,130,000 $188,333 $3,445 4.40%
    Native Hawaiian or Islander 1 $145,000 $145,000 $2,355 4.50%
    Vietnamese 1 $75,000 $75,000 $1,973 5.50%

    Approval Rates

    Total approvals of all applications
    94.72%

    Firstar Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    92.71%

    Firstar Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 700 $101,360,000 $144,800

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 9 $2,315,000 $257,222
    Single Family (1-4 Units):Manufactured 39 $2,935,000 $75,256
    Single Family (1-4 Units):Site-Built 652 $96,110,000 $147,408

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 27 $1,905,000 $70,556 $2,553 5.58%
    40-60% 52 $7,270,000 $139,808 $2,625 5.26%
    60-80% 189 $27,395,000 $144,947 $3,384 5.19%
    80-100% 416 $63,470,000 $152,572 $4,329 4.82%
    Over 100% 4 $510,000 $127,500 $3,312 5.31%
    Under 20% 9 $585,000 $65,000 $1,543 5.86%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    FIRSTBANK Conventional home mortgage Closing on a mortgage 1 33.3%
    FIRSTBANK Other type of mortgage Trouble during payment process 1 33.3%
    FIRSTBANK Home equity loan or line of credit (HELOC) Trouble during payment process 1 33.3%

    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 $45,206
    Firstar Bank 1720 East Cherokee Street Sallisaw, OK 74955 Full Service B&M $83,726
    Firstar Bank 209 S Kerr Boulevard Sallisaw, OK 74955 Full Service B&M $24,247
    Firstar Bank 2215 Chandler Muskogee, OK 74401 Full Service B&M $47,192
    Firstar Bank 4300 Rogers Avenue, Suite 7 Fort Smith, AR 72903 Full Service B&M $28,209
    Firstar Bank 510 North Main Street Muskogee, OK 74401 Full Service B&M $147,370
    Firstar Bank 9696 E 101st Street Tulsa, OK 74133 Full Service B&M $122,707

    For 2018, Firstar Bank had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $27,459
    Net interest income $24,299
    Total noninterest income $6,522
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $2,580
    Trading account gains and fees $0
    Additional Noninterest Income $3,942
    Pre-tax net operating income $11,193
    Securities gains (or losses, -) $-8
    Income before extraordinary items $9,317
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $9,317
    Minority interest net income $0
    Net income $9,317
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $9,323

    Firstar Bank's gross interest income from loans was $27,459,000.
    Firstar Bank's net interest income from loans was $24,299,000.
    Firstar Bank's fee based income from loans was $2,580,000.
    Firstar Bank's net income from loans was $9,317,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,160
    Provision for credit losses $115
    Total noninterest expense $19,513
    Salaries and employee benefits $11,864
    Premises and equipment expense $1,894
    Additional noninterest expense $5,755
    Applicable income taxes $1,868
    Net charge-offs $94
    Cash dividends $8,250

    Firstar Bank's interest expense for loans was $3,160,000.
    Firstar Bank's payroll and benefits expense were $11,864,000.
    Firstar Bank's property, plant and equipment expenses $1,894,000.

    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 $515,922
    Deposits held in domestic offices $515,922
    Deposits by Individuals, partnerships, and corporations $441,627
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $64,270
    Deposits by Commercial banks and other depository institutions in U.S. $10,025
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $262,218
    Demand deposits $135,712
    Nontransaction accounts $253,704
    Money market deposit accounts (MMDAs) $123,558
    Other savings deposits (excluding MMDAs) $27,584
    Total time deposits $102,562
    Total time and savings deposits $380,210
    Noninterest-bearing deposits $135,712
    Interest-bearing deposits $380,210
    Retail deposits $466,983
    IRAs and Keogh plan accounts $9,507
    Brokered deposits $9,250
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $586,089
    Cash & Balances due from depository institutions $30,259
    Interest-bearing balances $17,195
    Total securities $35,857
    Federal funds sold & reverse repurchase $0
    Net loans and leases $476,815
    Loan and leases loss allowance $5,608
    Trading account assets $0
    Bank premises and fixed assets $18,924
    Other real estate owned $886
    Goodwill and other intangibles $14,815
    All other assets $8,533

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $586,089
    Total Liabilities $522,396
    Total deposits $515,922
    Interest-bearing deposits $380,210
    Deposits held in domestic offices $515,922
    % insured (estimated) $61
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $4,921
    Subordinated debt $0
    All other liabilities $1,553

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $476,815
    Loan and leases loss allowance $5,608
    Total loans and leases (domestic) $482,423
    All real estate loans $351,785
    Real estate loans in domestic offices $351,785
    Construction and development loans $84,096
    Residential 1-4 family construction $31,450
    Other construction, all land development and other land $52,646
    Loans secured by nonfarm nonresidential properties $116,661
    Nonfarm nonresidential secured by owner-occupied properties $56,995
    Commercial real estate & other non-farm, non-residential $59,666
    Multifamily residential real estate $18,112
    1-4 family residential loans $128,716
    Farmland loans $4,200
    Loans held in foreign offices $0
    Farm loans $8,722
    Commercial and industrial loans $106,435
    To non-U.S. addressees $0
    Loans to individuals $11,827
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $3,339
    Other loans to individuals $8,488
    All other loans & leases $3,654
    Loans to foreign governments and official institutions $0
    Other loans $2,769
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $7,843
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $668
    Non 1-4 family restructured loans & leases $463
    Total loans and leases (foreign) $0

    Firstar Bank had $476,815,000 of loans outstanding in 2018. $351,785,000 of loans were in real estate loans. $84,096,000 of loans were in development loans. $18,112,000 of loans were in multifamily mortgage loans. $128,716,000 of loans were in 1-4 family mortgage loans. $8,722,000 of loans were in farm loans. $0 of loans were in credit card loans. $3,339,000 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 225 $53,162 $236,276
    Nonfarm, nonresidential loans - <$100k 43 $1,911 $44,442
    Nonfarm, nonresidential loans - $100-250k 80 $10,898 $136,225
    Nonfarm, nonresidential loans - $250k-1MM 102 $40,353 $395,618
    Commercial & Industrial, US addressed loans - <$1MM 751 $61,886 $82,405
    Commercial & Industrial, US addressed loans - <$100k 548 $14,061 $25,659
    Commercial & Industrial, US addressed loans - $100-250k 102 $11,764 $115,333
    Commercial & Industrial, US addressed loans - $250k-1MM 101 $36,061 $357,040
    Farmland loans - <$1MM 46 $4,200 $91,304
    Farmland loans - <$100k 32 $1,082 $33,813
    Farmland loans - $100-250k 8 $1,029 $128,625
    Farmland loans - $250k-1MM 6 $2,089 $348,167
    Agriculture operations loans - <$1MM 80 $3,560 $44,500
    Agriculture operations loans - <$100k 66 $1,501 $22,742
    Agriculture operations loans - $100-250k 9 $1,014 $112,667
    Agriculture operations loans - $250k-1MM 5 $1,045 $209,000