First Fidelity Bank Mortgage Rates, Fees & Info

Oklahoma City, OK

LEI: 549300ZL6THC5R7VUP98

Tax ID: 73-1100200

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

Review & Overview

First Fidelity Bank is a smaller bank specializing in Refi and Home Purchase loans. First Fidelity Bank has a high proportion of conventional loans. First Fidelity Bank has a high proportion of conventional loans. Their top markets by origination volume include: Oklahoma City, Phoenix, Norwich, Tulsa, and Flagstaff among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)

First Fidelity Bank has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. First Fidelity 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.

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Originations

176

Origination Dollar Volume (All Markets)

$28,560,000

Employee count

320

Awards

First Fidelity Bank 30 Year Conventional Loans gold

First Fidelity Bank 30 Year Conventional Loans bronze

Show all (3) 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)	138	$16,800,000	$121,739	$1,960	4.99%
PHOENIX-MESA-CHANDLER, AZ (FHA\|USDA\|VA)	17	$3,285,000	$193,235	$1,885	4.70%
NORWICH-NEW LONDON, CT (FHA\|USDA\|VA)	2	$3,000,000	$1,500,000	$0	0.00%
TULSA, OK (FHA\|USDA\|VA)	6	$2,940,000	$490,000	$489	4.08%
FLAGSTAFF, AZ (FHA\|USDA\|VA)	2	$1,130,000	$565,000	$2,433	3.63%
Outside of Metro Areas	5	$645,000	$129,000	$3,737	4.19%
Steamboat Springs, CO (FHA\|USDA\|VA)	1	$265,000	$265,000	$0	0.00%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA\|USDA\|VA)	1	$205,000	$205,000	$0	0.00%
FORT SMITH, AR-OK (FHA\|USDA\|VA)	1	$95,000	$95,000	$0	0.00%
McAlester, OK (FHA\|USDA\|VA)	1	$85,000	$85,000	$0	0.00%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA\|USDA\|VA)	1	$65,000	$65,000	$0	0.00%
PORT ST. LUCIE, FL (FHA\|USDA\|VA)	1	$45,000	$45,000	$0	0.00%

First Fidelity Bank's top markets include Oklahoma City, Phoenix, Norwich, Tulsa, and Flagstaff among others.

Their top states include:

Oklahoma (FHA|USDA|VA)

Arizona (FHA|USDA|VA)

Connecticut (FHA|USDA|VA)

Colorado (FHA|USDA|VA)

Florida (FHA|USDA|VA)

Similar Lenders

We use machine learning to identify the top lenders compared against First Fidelity Bank 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	102	$18,250,000	$178,922	$0	0.00%
Conventional	74	$10,310,000	$139,324	$2,009	4.87%

For 2018, First Fidelity Bank's most frequently originated type of loan was Conventional, with 102 originations. Their 2nd most popular type was Conventional, with 74 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Refi	70	$11,530,000	$164,714	$1,970	4.85%
Home Purchase	49	$10,635,000	$217,041	$2,773	4.75%
Home Improvement	30	$3,710,000	$123,667	$921	5.29%
Other	20	$1,360,000	$68,000	$1,244	4.84%
Cash Out Refi	7	$1,325,000	$189,286	$3,110	4.38%

For 2018, First Fidelity Bank's most frequently cited loan purpose was Refi, with 70 originations. The 2nd most popular reason was Home Purchase, with 49 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	108	$19,370,000	$179,352	$1,077	5.04%
10 Year	26	$2,100,000	$80,769	$1,247	5.18%
30 Year	20	$3,000,000	$150,000	$2,824	4.53%
15 Year	11	$2,385,000	$216,818	$1,935	4.36%
5 Year	8	$1,110,000	$138,750	$1,177	5.50%
1 Year	2	$420,000	$210,000	$0	4.50%
3 Year	1	$175,000	$175,000	$0	4.25%

For 2018, First Fidelity Bank's most frequently cited loan duration was Other, with 108 originations. The 2nd most popular length was 10 Year, with 26 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$<1k	54	$6,740,000	$124,815
$1k-2k	3	$605,000	$201,667

First Fidelity Bank's average total fees were $2,824, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 54 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
4-5%	33	$4,655,000	$141,061
3-4%	18	$3,410,000	$189,444
5-6%	15	$1,875,000	$125,000
6-7%	5	$215,000	$43,000
7-8%	2	$120,000	$60,000
Over 8%	1	$35,000	$35,000

During 2018, First Fidelity Bank's average interest rate for loans was 4.53%, while their most frequently originated rate bucket for loans was 4-5%, with 33 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	95	$5,235,000	$55,105	$1,361	5.22%
$100k-200k	39	$5,635,000	$144,487	$2,749	4.54%
$200k-400k	31	$8,715,000	$281,129	$2,970	4.40%
$400k-600k	7	$3,515,000	$502,143	$1,041	4.41%
$1MM+	3	$4,705,000	$1,568,333	$0	0.00%
$600k-1MM	1	$755,000	$755,000	$0	0.00%

2018 saw First Fidelity Bank place emphasis on $100,000 or less loans with 95 originations, totaling $5,235,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k or less	42	$2,540,000	$60,476	$1,429	5.35%
$50k-75k	40	$4,160,000	$104,000	$1,978	4.60%
$100k-150k	24	$3,330,000	$138,750	$2,249	4.86%
$150k-250k	20	$4,310,000	$215,500	$2,697	4.48%
$250k+	19	$7,745,000	$407,632	$1,840	4.22%
$75k-100k	16	$2,110,000	$131,875	$2,659	4.82%

First Fidelity Bank lent most frequently to those with incomes in the $50k or less range, with 42 originations. The second most popular income band? $50k-75k, with 40 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	102	$18,250,000	$178,922	$0	0.00%
20-30%	17	$2,355,000	$138,529	$1,804	4.71%
30-36%	15	$2,165,000	$144,333	$2,145	4.63%
<20%	11	$1,785,000	$162,273	$2,645	4.42%
42%	4	$280,000	$70,000	$1,351	4.74%
36%	3	$215,000	$71,667	$643	5.74%
39%	2	$170,000	$85,000	$2,696	4.46%
40%	2	$170,000	$85,000	$3,424	5.75%
41%	2	$100,000	$50,000	$1,082	6.18%
38%	2	$190,000	$95,000	$1,911	4.43%
>60%	1	$95,000	$95,000	$0	7.99%
37%	1	$95,000	$95,000	$2,648	4.00%

First Fidelity Bank lent most frequently to those with DTI ratios of Exempt%, with 102 originations. The next most common DTI ratio? 20-30%, with 17 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	132	$20,050,000	$151,894	$2,009	4.76%
Not applicable	14	$4,330,000	$309,286	$0	5.17%
Not provided	12	$2,540,000	$211,667	$1,565	5.12%
Asian	9	$1,005,000	$111,667	$2,113	5.35%
Black	4	$360,000	$90,000	$3,433	4.63%
American Indian	3	$145,000	$48,333	$0	0.00%
Vietnamese	1	$85,000	$85,000	$1,277	4.67%
Native Hawaiian or Islander	1	$45,000	$45,000	$0	0.00%

Approval Rates

Total approvals of all applications
64.93%

First Fidelity Bank has a low approval rate. They may have poor market targeting or stringent lending standards.

Pick Rate

Approvals leading to origination
65.34%

First Fidelity Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

Points and Fees

Points	Originations	Total Value	Average Loan
1054.0	1	$55,000	$55,000
1229.0	1	$75,000	$75,000
1253.16	1	$75,000	$75,000
1277.0	1	$75,000	$75,000
1291.0	1	$65,000	$65,000
1460.21	1	$95,000	$95,000
1774.0	1	$255,000	$255,000
727.0	1	$25,000	$25,000
807.0	1	$35,000	$35,000
952.0	1	$55,000	$55,000
Exempt	102	$18,250,000	$178,922
NA	64	$9,500,000	$148,438

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	2	$1,990,000	$995,000
Single Family (1-4 Units):Manufactured	2	$100,000	$50,000
Single Family (1-4 Units):Site-Built	172	$26,470,000	$153,895

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	11	$805,000	$73,182	$1,407	5.04%
40-60%	10	$1,200,000	$120,000	$2,084	4.81%
60-80%	29	$4,685,000	$161,552	$2,414	4.84%
80-100%	13	$2,415,000	$185,769	$2,474	4.35%
Over 100%	3	$955,000	$318,333	$0	5.21%
Under 20%	8	$250,000	$31,250	$711	5.59%

Complaints

Bank Name	Product	Issue	2018 CPFB Complaints	% of Total Issues
FIRST HORIZON BANK	Conventional home mortgage	Applying for a mortgage or refinancing an existing mortgage	1	7.1%
FIRST HORIZON BANK	Home equity loan or line of credit (HELOC)	Trouble during payment process	1	7.1%
FIRST HORIZON BANK	Other type of mortgage	Trouble during payment process	1	7.1%
FIRST HORIZON BANK	Home equity loan or line of credit (HELOC)	Incorrect information on your report	1	7.1%
FIRST HORIZON BANK	FHA mortgage	Trouble during payment process	1	7.1%
FIRST HORIZON BANK	Conventional home mortgage	Trouble during payment process	5	35.7%
FIRST HORIZON BANK	Conventional home mortgage	Struggling to pay mortgage	3	21.4%
FIRST HORIZON BANK	Home equity loan or line of credit (HELOC)	Problem with a credit reporting company's investigation into an existing problem	1	7.1%

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
First Fidelity Bank	1521 N Mustang Road Mustang, OK 73064	Full Service B&M	$24,082
First Fidelity Bank	16277 North Greenway - Hayden Loop Scottsdale, AZ 85260	Full Service B&M	$114,633
First Fidelity Bank	10904 North May, Suite A Oklahoma City, OK 73120	Full Service B&M	$7,968
First Fidelity Bank	1144 Nw 63rd Oklahoma City, OK 73116	Full Service B&M	$19,210
First Fidelity Bank	11919 S. Pennsylvania Ave. Oklahoma City, OK 73170	Full Service B&M	$33,557
First Fidelity Bank	12215 N Macarthur Blvd Oklahoma City, OK 73162	Full Service B&M	$9,963
First Fidelity Bank	131 East Main Street Norman, OK 73069	Full Service B&M	$144,467
First Fidelity Bank	1400 South Meridian Avenue Oklahoma City, OK 73108	Full Service B&M	$33,086
First Fidelity Bank	17235 North 75th Avenue, Suite 100 Glendale, AZ 85308	Full Service B&M	$36,519
First Fidelity Bank	1724 West Lindsey Norman, OK 73072	Full Service Retail	$10,700
First Fidelity Bank	22841 North 19th Avenue Phoenix, AZ 85027	Full Service B&M	$20,223
First Fidelity Bank	2600 South Broadway Edmond, OK 73013	Full Service B&M	$14,805
First Fidelity Bank	2825 Northwest 164th Edmond, OK 73013	Full Service Retail	$8,490
First Fidelity Bank	30 West 21st Street South Tulsa, OK 74114	Full Service B&M	$31,764
First Fidelity Bank	301 North Air Depot Boulevard Midwest City, OK 73110	Full Service B&M	$42,612
First Fidelity Bank	3595 West Robinson Norman, OK 73072	Full Service B&M	$83,328
First Fidelity Bank	400 South Eastern Moore, OK 73160	Full Service B&M	$67,712
First Fidelity Bank	501 Sw 19th Moore, OK 73170	Full Service Retail	$10,469
First Fidelity Bank	5100 N Classen Blvd Oklahoma City, OK 73118	Full Service B&M	$177,261
First Fidelity Bank	5800 Nw 39th Expressway Warr Acres, OK 73122	Full Service B&M	$129,199
First Fidelity Bank	6005 Northwest Expressway Oklahoma City, OK 73132	Full Service B&M	$22,866
First Fidelity Bank	6232 N. 32nd Street Phoenix, AZ 85018	Full Service B&M	$82,195
First Fidelity Bank	63 East Main Street Mesa, AZ 85201	Full Service B&M	$31,396
First Fidelity Bank	700 S.W. 29th Street Oklahoma City, OK 73109	Full Service B&M	$27,512
First Fidelity Bank	722 North Broadway Avenue Oklahoma City, OK 73102	Full Service B&M	$0
First Fidelity Bank	725 W Covell Edmond, OK 73003	Full Service B&M	$34,557
First Fidelity Bank	7401 East Camelback Scottsdale, AZ 85251	Full Service B&M	$46,475
First Fidelity Bank	900 N. Main Street Noble, OK 73068	Full Service B&M	$12,099
First Fidelity Bank	9000 Cameron Drive, Suite 107 Oklahoma City, OK 73116	Full Service B&M	$14,482
First Fidelity Bank	9000 Cameron Parkway Oklahoma City, OK 73114	Full Service B&M	$0

For 2018, First Fidelity Bank had 30 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$61,126
Net interest income	$51,023
Total noninterest income	$15,504
Gross Fiduciary activities income	$8
Service charges on deposit accounts	$7,118
Trading account gains and fees	$0
Additional Noninterest Income	$8,378
Pre-tax net operating income	$20,810
Securities gains (or losses, -)	$0
Income before extraordinary items	$20,810
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$20,810
Minority interest net income	$0
Net income	$20,810
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$20,810

First Fidelity Bank's gross interest income from loans was $61,126,000.
First Fidelity Bank's net interest income from loans was $51,023,000.
First Fidelity Bank's fee based income from loans was $7,118,000.
First Fidelity Bank's net income from loans was $20,810,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$10,103
Provision for credit losses	$2,150
Total noninterest expense	$43,567
Salaries and employee benefits	$25,533
Premises and equipment expense	$6,431
Additional noninterest expense	$11,603
Applicable income taxes	$0
Net charge-offs	$77
Cash dividends	$15,500

First Fidelity Bank's interest expense for loans was $10,103,000.
First Fidelity Bank's payroll and benefits expense were $25,533,000.
First Fidelity Bank's property, plant and equipment expenses $6,431,000.

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	1.0%
HELOC loans	0.0%
All other family	1.0%
Commercial & industrial loans	0.0%
Personal loans	0.0%
Credit card loans	0.4%
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	$1,343,193
Deposits held in domestic offices	$1,343,193
Deposits by Individuals, partnerships, and corporations	$1,299,337
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$43,550
Deposits by Commercial banks and other depository institutions in U.S.	$306
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$271,736
Demand deposits	$206,586
Nontransaction accounts	$1,071,457
Money market deposit accounts (MMDAs)	$262,365
Other savings deposits (excluding MMDAs)	$703,447
Total time deposits	$105,645
Total time and savings deposits	$1,136,607
Noninterest-bearing deposits	$471,311
Interest-bearing deposits	$871,882
Retail deposits	$1,314,843
IRAs and Keogh plan accounts	$14,255
Brokered deposits	$18,239
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$1,658,160
Cash & Balances due from depository institutions	$85,165
Interest-bearing balances	$43,301
Total securities	$370,905
Federal funds sold & reverse repurchase	$525
Net loans and leases	$1,098,787
Loan and leases loss allowance	$13,689
Trading account assets	$0
Bank premises and fixed assets	$38,217
Other real estate owned	$785
Goodwill and other intangibles	$14,848
All other assets	$48,928

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$1,658,160
Total Liabilities	$1,504,896
Total deposits	$1,343,193
Interest-bearing deposits	$871,882
Deposits held in domestic offices	$1,343,193
% insured (estimated)	$79
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$153,000
Subordinated debt	$0
All other liabilities	$8,703

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$1,098,787
Loan and leases loss allowance	$13,689
Total loans and leases (domestic)	$1,112,476
All real estate loans	$711,544
Real estate loans in domestic offices	$711,544
Construction and development loans	$69,896
Residential 1-4 family construction	$25,867
Other construction, all land development and other land	$44,029
Loans secured by nonfarm nonresidential properties	$449,439
Nonfarm nonresidential secured by owner-occupied properties	$142,584
Commercial real estate & other non-farm, non-residential	$306,855
Multifamily residential real estate	$42,935
1-4 family residential loans	$147,023
Farmland loans	$2,251
Loans held in foreign offices	$0
Farm loans	$433
Commercial and industrial loans	$117,235
To non-U.S. addressees	$0
Loans to individuals	$271,151
Credit card loans	$537
Related Plans	$2,111
Consumer Auto Loans	$247,345
Other loans to individuals	$21,158
All other loans & leases	$12,113
Loans to foreign governments and official institutions	$0
Other loans	$398
Loans to depository institutions and acceptances of other banks	$0
Loans not secured by real estate	$5,393
Loans secured by real estate to non-U.S. addressees	$0
Restructured Loans & leases	$6,142
Non 1-4 family restructured loans & leases	$5,940
Total loans and leases (foreign)	$0

First Fidelity Bank had $1,098,787,000 of loans outstanding in 2018. $711,544,000 of loans were in real estate loans. $69,896,000 of loans were in development loans. $42,935,000 of loans were in multifamily mortgage loans. $147,023,000 of loans were in 1-4 family mortgage loans. $433,000 of loans were in farm loans. $537,000 of loans were in credit card loans. $247,345,000 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	417	$111,847	$268,218
Nonfarm, nonresidential loans - <$100k	45	$2,004	$44,533
Nonfarm, nonresidential loans - $100-250k	132	$14,465	$109,583
Nonfarm, nonresidential loans - $250k-1MM	240	$95,378	$397,408
Commercial & Industrial, US addressed loans - <$1MM	505	$39,502	$78,222
Commercial & Industrial, US addressed loans - <$100k	286	$6,501	$22,731
Commercial & Industrial, US addressed loans - $100-250k	132	$10,759	$81,508
Commercial & Industrial, US addressed loans - $250k-1MM	87	$22,242	$255,655
Farmland loans - <$1MM	8	$677	$84,625
Farmland loans - <$100k	5	$154	$30,800
Farmland loans - $100-250k	3	$523	$174,333
Agriculture operations loans - <$1MM	6	$433	$72,167
Agriculture operations loans - <$100k	4	$106	$26,500
Agriculture operations loans - $100-250k	2	$327	$163,500