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 Stillwater among others. We have data for 14 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 a below 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.65% 12/16/24
    30 Year Conventional Refi 6.52% 12/16/24
    30 Year FHA Purchase 7.23% 12/16/24
    30 Year FHA Refi 7.00% 12/16/24
    30 Year VA Purchase 6.20% 12/16/24
    30 Year VA Refi 6.19% 12/16/24
    30 Year USDA Purchase 6.57% 12/16/24
    15 Year Conventional Purchase 6.90% 12/16/24
    15 Year Conventional Refi 6.70% 12/16/24
    15 Year Cash-out Refi 6.70% 12/16/24
    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

    963

    Origination Dollar Volume (All Markets)

    $162,195,000

    Employee count

    173 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
    FORT SMITH, AR-OK (FHA|USDA|VA) 547 $84,775,000 $154,982 $3,742 4.86%
    TULSA, OK (FHA|USDA|VA) 173 $37,745,000 $218,179 $5,488 4.76%
    Outside of Metro Areas 124 $17,960,000 $144,839 $4,638 4.42%
    Muskogee, OK (FHA|USDA|VA) 81 $9,615,000 $118,704 $4,216 4.76%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 10 $6,180,000 $618,000 $3,223 4.35%
    Stillwater, OK (FHA|USDA|VA) 1 $2,005,000 $2,005,000 $0 6.25%
    Tahlequah, OK (FHA|USDA|VA) 9 $1,105,000 $122,778 $3,428 4.73%
    McAlester, OK (FHA|USDA|VA) 4 $840,000 $210,000 $5,118 4.47%
    Duncan, OK (FHA|USDA|VA) 4 $710,000 $177,500 $4,648 4.34%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 4 $500,000 $125,000 $4,212 4.59%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 3 $425,000 $141,667 $3,240 5.48%
    JOPLIN, MO (FHA|USDA|VA) 1 $155,000 $155,000 $0 6.50%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $145,000 $145,000 $3,460 4.00%
    Russellville, AR (FHA|USDA|VA) 1 $35,000 $35,000 $0 6.00%
    Firstar Bank's top markets include Fort Smith, Tulsa, Muskogee, Fayetteville, and Stillwater among others.

    Their top states include:
  • Oklahoma (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Louisiana (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.

    RED CROWN
    Similarity Rank: 45
    Tulsa Federal Credit Union
    Similarity Rank: 84
    Central Bank of Oklahoma
    Similarity Rank: 140
    OKLAHOMA CENTRAL Credit Union
    Similarity Rank: 352
    TTCU Federal Credit Union
    Similarity Rank: 360
    COMMUNICATION
    Similarity Rank: 494
    FIRST WESTERN MORTGAGE, INC.
    Similarity Rank: 522
    First Security Bank
    Similarity Rank: 560
    MORTGAGE CLEARING CORPORATION
    Similarity Rank: 720
    ARKANSAS Federal Credit Union
    Similarity Rank: 864

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 632 $113,980,000 $180,348 $3,438 5.11%
    FHA 178 $25,340,000 $142,360 $5,613 4.16%
    USDA 96 $11,490,000 $119,688 $4,421 4.13%
    VA 57 $11,385,000 $199,737 $4,647 3.97%

    For 2019, Firstar Bank's most frequently originated type of loan was Conventional, with 632 originations. Their 2nd most popular type was FHA, with 178 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 677 $106,895,000 $157,895 $4,454 4.68%
    Refi 254 $53,610,000 $211,063 $3,812 4.78%
    Home Improvement 25 $1,275,000 $51,000 $2,046 6.58%
    Other 7 $415,000 $59,286 $1,074 6.74%

    For 2019, Firstar Bank's most frequently cited loan purpose was Home Purchase, with 677 originations. The 2nd most popular reason was Refi, with 254 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 597 $104,875,000 $175,670 $4,583 4.17%
    15 Year 105 $13,095,000 $124,714 $3,023 5.25%
    Other 90 $18,170,000 $201,889 $1,744 6.10%
    20 Year 83 $13,615,000 $164,036 $2,856 5.63%
    1 Year 36 $6,340,000 $176,111 $2,560 5.99%
    10 Year 28 $2,510,000 $89,643 $1,439 5.82%
    3 Year 12 $2,840,000 $236,667 $840 6.39%
    5 Year 12 $750,000 $62,500 $1,810 6.72%

    For 2019, Firstar Bank's most frequently cited loan duration was 30 Year, with 597 originations. The 2nd most popular length was 15 Year, with 105 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 523 $91,335,000 $174,637
    $<1k 113 $11,725,000 $103,761
    $2k-3k 42 $5,810,000 $138,333
    $3k-4k 14 $4,700,000 $335,714
    $4k-5k 8 $3,140,000 $392,500
    $5k+ 3 $1,775,000 $591,667

    Firstar Bank's average total fees were $4,583, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 523 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 311 $52,075,000 $167,444
    3-4% 307 $57,835,000 $188,388
    5-6% 231 $39,725,000 $171,970
    6-7% 86 $10,100,000 $117,442
    Over 8% 12 $540,000 $45,000
    7-8% 9 $585,000 $65,000
    2.5-3% 7 $1,335,000 $190,714

    During 2019, Firstar Bank's average interest rate for loans was 4.17%, while their most frequently originated rate bucket for loans was 4-5%, with 311 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 383 $55,285,000 $144,347 $4,421 4.49%
    $100,000 or less 342 $21,690,000 $63,421 $3,223 5.38%
    $200k-400k 199 $53,955,000 $271,131 $4,933 4.26%
    $400k-600k 24 $11,380,000 $474,167 $3,936 4.38%
    $600k-1MM 8 $6,220,000 $777,500 $7,338 5.25%
    $1MM+ 7 $13,665,000 $1,952,143 $8,541 5.61%

    2019 saw Firstar Bank place emphasis on $100k-200k loans with 383 originations, totaling $55,285,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 232 $22,160,000 $95,517 $3,824 4.60%
    $50k-75k 214 $29,220,000 $136,542 $4,269 4.60%
    $75k-100k 144 $23,380,000 $162,361 $4,644 4.46%
    $100k-150k 124 $24,650,000 $198,790 $4,300 4.62%
    $150k-250k 57 $14,735,000 $258,509 $3,828 4.57%
    $250k+ 41 $12,595,000 $307,195 $3,914 5.06%

    Firstar Bank lent most frequently to those with incomes in the $50k or less range, with 232 originations. The second most popular income band? $50k-75k, with 214 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 181 $30,375,000 $167,818 $3,925 4.36%
    30-36% 158 $25,010,000 $158,291 $4,313 4.35%
    <20% 77 $11,695,000 $151,883 $3,227 4.93%
    40% 31 $5,505,000 $177,581 $4,563 4.34%
    42% 30 $5,310,000 $177,000 $4,937 4.23%
    38% 28 $4,120,000 $147,143 $4,190 4.63%
    37% 26 $4,440,000 $170,769 $4,244 4.18%
    44% 25 $4,225,000 $169,000 $5,100 4.18%
    50-60% 24 $4,880,000 $203,333 $5,944 4.01%
    36% 24 $3,880,000 $161,667 $4,099 4.41%
    41% 23 $4,105,000 $178,478 $4,156 4.37%
    43% 20 $3,330,000 $166,500 $4,886 4.43%
    39% 20 $3,280,000 $164,000 $3,960 4.50%
    46% 16 $3,460,000 $216,250 $4,791 4.27%
    45% 12 $2,100,000 $175,000 $4,603 4.14%
    48% 12 $1,740,000 $145,000 $4,296 4.21%
    47% 9 $1,365,000 $151,667 $4,470 4.51%
    49% 8 $1,300,000 $162,500 $5,100 4.44%
    >60% 1 $165,000 $165,000 $2,920 6.50%

    Firstar Bank lent most frequently to those with DTI ratios of 20-30%, with 181 originations. The next most common DTI ratio? 30-36%, with 158 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 711 $114,535,000 $161,090 $4,104 4.56%
    Not applicable 137 $32,255,000 $235,438 $0 5.85%
    American Indian 78 $11,510,000 $147,564 $5,424 4.54%
    Not provided 15 $1,585,000 $105,667 $3,319 5.36%
    Black 12 $1,240,000 $103,333 $3,737 4.97%
    Asian 7 $765,000 $109,286 $3,276 5.46%
    Native Hawaiian or Islander 1 $195,000 $195,000 $6,894 4.88%
    Other Asian 1 $75,000 $75,000 $0 6.25%
    Korean 1 $35,000 $35,000 $0 5.75%

    Approval Rates

    Total approvals of all applications
    94.69%

    Firstar Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    87.12%

    Firstar Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 963 $162,195,000 $168,427

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 2 $680,000 $340,000
    Multifamily:Site-Built 23 $16,345,000 $710,652
    Single Family (1-4 Units):Manufactured 49 $3,665,000 $74,796
    Single Family (1-4 Units):Site-Built 889 $141,505,000 $159,173

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 28 $2,650,000 $94,643 $2,484 5.78%
    40-60% 65 $7,705,000 $118,538 $3,311 5.22%
    60-80% 270 $50,940,000 $188,667 $3,858 5.02%
    80-100% 565 $98,615,000 $174,540 $4,563 4.48%
    Over 100% 5 $995,000 $199,000 $9,783 4.58%
    Under 20% 28 $1,200,000 $42,857 $991 6.05%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    FIRSTBANK Home equity loan or line of credit (HELOC) Trouble during payment process 1 100.0%

    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 $48,715
    Firstar Bank 1720 East Cherokee Street Sallisaw, OK 74955 Full Service B&M $70,567
    Firstar Bank 209 S Kerr Boulevard Sallisaw, OK 74955 Full Service B&M $25,256
    Firstar Bank 2215 Chandler Muskogee, OK 74401 Full Service B&M $50,631
    Firstar Bank 4300 Rogers Avenue, Suite 7 Fort Smith, AR 72903 Full Service B&M $31,666
    Firstar Bank 510 North Main Street Muskogee, OK 74401 Full Service B&M $166,976
    Firstar Bank 9696 E 101st Street Tulsa, OK 74133 Full Service B&M $143,451

    For 2019, Firstar Bank had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $32,536
    Net interest income $26,933
    Total noninterest income $8,229
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $2,811
    Trading account gains and fees $0
    Additional Noninterest Income $5,418
    Pre-tax net operating income $11,321
    Securities gains (or losses, -) $12
    Income before extraordinary items $7,968
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $7,968
    Minority interest net income $0
    Net income $7,968
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $7,958

    Firstar Bank's gross interest income from loans was $32,536,000.
    Firstar Bank's net interest income from loans was $26,933,000.
    Firstar Bank's fee based income from loans was $2,811,000.
    Firstar Bank's net income from loans was $7,968,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $5,603
    Provision for credit losses $934
    Total noninterest expense $22,907
    Salaries and employee benefits $14,010
    Premises and equipment expense $1,993
    Additional noninterest expense $6,904
    Applicable income taxes $3,365
    Net charge-offs $386
    Cash dividends $4,200

    Firstar Bank's interest expense for loans was $5,603,000.
    Firstar Bank's payroll and benefits expense were $14,010,000.
    Firstar Bank's property, plant and equipment expenses $1,993,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 3.0%
    HELOC loans 0.0%
    All other family 3.0%
    Commercial & industrial loans 1.0%
    Personal loans 2.0%
    Credit card loans 0.0%
    Other individual loans 2.0%
    Auto loans 2.0%
    Other consumer loans 1.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $627,552
    Deposits held in domestic offices $627,552
    Deposits by Individuals, partnerships, and corporations $543,986
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $74,085
    Deposits by Commercial banks and other depository institutions in U.S. $9,481
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $296,820
    Demand deposits $164,316
    Nontransaction accounts $330,732
    Money market deposit accounts (MMDAs) $140,543
    Other savings deposits (excluding MMDAs) $32,391
    Total time deposits $157,798
    Total time and savings deposits $463,236
    Noninterest-bearing deposits $164,316
    Interest-bearing deposits $463,236
    Retail deposits $552,341
    IRAs and Keogh plan accounts $13,473
    Brokered deposits $17,872
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $710,305
    Cash & Balances due from depository institutions $64,316
    Interest-bearing balances $50,515
    Total securities $39,322
    Federal funds sold & reverse repurchase $0
    Net loans and leases $556,724
    Loan and leases loss allowance $6,156
    Trading account assets $0
    Bank premises and fixed assets $24,535
    Other real estate owned $906
    Goodwill and other intangibles $16,411
    All other assets $8,091

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $710,305
    Total Liabilities $635,746
    Total deposits $627,552
    Interest-bearing deposits $463,236
    Deposits held in domestic offices $627,552
    % insured (estimated) $61
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $6,405
    Subordinated debt $0
    All other liabilities $1,789

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $556,724
    Loan and leases loss allowance $6,156
    Total loans and leases (domestic) $562,880
    All real estate loans $408,241
    Real estate loans in domestic offices $408,241
    Construction and development loans $102,824
    Residential 1-4 family construction $39,941
    Other construction, all land development and other land $62,883
    Loans secured by nonfarm nonresidential properties $130,408
    Nonfarm nonresidential secured by owner-occupied properties $58,452
    Commercial real estate & other non-farm, non-residential $71,956
    Multifamily residential real estate $21,983
    1-4 family residential loans $146,798
    Farmland loans $6,228
    Loans held in foreign offices $0
    Farm loans $3,617
    Commercial and industrial loans $125,134
    To non-U.S. addressees $0
    Loans to individuals $20,190
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $6,685
    Other loans to individuals $13,505
    All other loans & leases $5,698
    Loans to foreign governments and official institutions $0
    Other loans $4,806
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $9,772
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $654
    Non 1-4 family restructured loans & leases $435
    Total loans and leases (foreign) $0

    Firstar Bank had $556,724,000 of loans outstanding in 2019. $408,241,000 of loans were in real estate loans. $102,824,000 of loans were in development loans. $21,983,000 of loans were in multifamily mortgage loans. $146,798,000 of loans were in 1-4 family mortgage loans. $3,617,000 of loans were in farm loans. $0 of loans were in credit card loans. $6,685,000 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 333 $68,363 $205,294
    Nonfarm, nonresidential loans - <$100k 110 $4,870 $44,273
    Nonfarm, nonresidential loans - $100-250k 92 $12,275 $133,424
    Nonfarm, nonresidential loans - $250k-1MM 131 $51,218 $390,977
    Commercial & Industrial, US addressed loans - <$1MM 813 $63,278 $77,833
    Commercial & Industrial, US addressed loans - <$100k 595 $14,455 $24,294
    Commercial & Industrial, US addressed loans - $100-250k 117 $13,118 $112,120
    Commercial & Industrial, US addressed loans - $250k-1MM 101 $35,705 $353,515
    Farmland loans - <$1MM 69 $6,228 $90,261
    Farmland loans - <$100k 50 $1,861 $37,220
    Farmland loans - $100-250k 9 $901 $100,111
    Farmland loans - $250k-1MM 10 $3,466 $346,600
    Agriculture operations loans - <$1MM 97 $3,617 $37,289
    Agriculture operations loans - <$100k 85 $1,860 $21,882
    Agriculture operations loans - $100-250k 7 $700 $100,000
    Agriculture operations loans - $250k-1MM 5 $1,057 $211,400