Union Bank And Trust Company Mortgage Rates, Fees & Info

Lincoln, NE

LEI: R6KJ2D7C3UT8OVTWHS39

Tax ID: 47-0321480

5 stars - out of 5 stars, based on 46 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Union Bank And Trust Company is a smaller bank specializing in Home Purchase and Refi loans. Union Bank And Trust Company has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets include Lincoln, Omaha, San Antonio, Dallas, and Kansas City among others. Union Bank And Trust Company 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. Union Bank And Trust Company is typically a low fee lendor.


Originations

2,089

Origination Dollar Volume (All Markets)

$558,545,000

Employee count

909 Show all (9) awards

Relative Rate

Union Bank And Trust Company's average 30 year fixed rate mortgage of loans were 3.02%.

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

This yields a difference of -0.13%.

Relative Fees

Union Bank And Trust Company's average total fees for a 30 year fixed rate mortgage are $2,232.

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
LINCOLN, NE (FHA|USDA|VA) 1,281 $265,465,000 $207,233 $1,912 3.01%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 393 $101,155,000 $257,392 $2,119 3.00%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $33,035,000 $33,035,000 $0 3.50%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $31,645,000 $31,645,000 $0 3.50%
Outside of Metro Areas 224 $31,480,000 $140,536 $1,968 3.12%
KANSAS CITY, MO-KS (FHA|USDA|VA) 50 $22,300,000 $446,000 $2,217 3.33%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $14,955,000 $14,955,000 $0 3.50%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 2 $14,750,000 $7,375,000 $0 3.75%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $14,305,000 $14,305,000 $0 3.50%
GRAND ISLAND, NE (FHA|USDA|VA) 47 $7,395,000 $157,340 $2,355 2.91%
Beatrice, NE (FHA|USDA|VA) 19 $3,285,000 $172,895 $2,444 2.89%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $2,305,000 $2,305,000 $0 3.83%
Fremont, NE (FHA|USDA|VA) 11 $2,055,000 $186,818 $1,822 3.26%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 3 $1,925,000 $641,667 $4,547 3.13%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 3 $1,705,000 $568,333 $2,353 3.08%
Kearney, NE (FHA|USDA|VA) 9 $1,665,000 $185,000 $1,851 2.99%
Hastings, NE (FHA|USDA|VA) 11 $1,485,000 $135,000 $2,040 3.68%
Mason City, IA (FHA|USDA|VA) 1 $1,175,000 $1,175,000 $3,187 4.25%
Columbus, NE (FHA|USDA|VA) 5 $1,045,000 $209,000 $2,586 3.33%
Breckenridge, CO (FHA|USDA|VA) 1 $845,000 $845,000 $0 3.38%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 3 $685,000 $228,333 $2,429 3.35%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $455,000 $455,000 $3,251 3.50%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $405,000 $405,000 $0 4.00%
URBAN HONOLULU, HI (FHA|USDA|VA) 1 $395,000 $395,000 $3,483 3.75%
IDAHO FALLS, ID (FHA|USDA|VA) 1 $375,000 $375,000 $0 3.88%
LAWRENCE, KS (FHA|USDA|VA) 1 $305,000 $305,000 $1,899 2.88%
North Platte, NE (FHA|USDA|VA) 3 $295,000 $98,333 $1,925 3.04%
COLUMBIA, MO (FHA|USDA|VA) 1 $255,000 $255,000 $1,918 2.13%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $235,000 $235,000 $2,652 3.13%
Steamboat Springs, CO (FHA|USDA|VA) 1 $215,000 $215,000 $2,763 2.50%
Garden City, KS (FHA|USDA|VA) 1 $205,000 $205,000 $1,696 3.00%
AMES, IA (FHA|USDA|VA) 2 $170,000 $85,000 $1,569 4.69%
WICHITA, KS (FHA|USDA|VA) 1 $125,000 $125,000 $2,803 2.75%
ST. JOSEPH, MO-KS (FHA|USDA|VA) 1 $115,000 $115,000 $2,261 3.13%
Maryville, MO (FHA|USDA|VA) 1 $115,000 $115,000 $1,992 3.13%
Lexington, NE (FHA|USDA|VA) 2 $100,000 $50,000 $838 3.50%
Scottsbluff, NE (FHA|USDA|VA) 1 $95,000 $95,000 $0 3.13%
Storm Lake, IA (FHA|USDA|VA) 1 $25,000 $25,000 $374 5.30%

Union Bank And Trust Company's top markets include Lincoln, Omaha, San Antonio, Dallas, and Kansas City among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 2,037 $548,135,000 $269,089 $1,879 3.04%
FHA 44 $7,910,000 $179,773 $5,537 2.96%
VA 8 $2,500,000 $312,500 $6,429 2.81%

For the 2021 period, Union Bank And Trust Company's most frequently originated loan type of loans were Conventional, with 2,037 originations. Their 2nd most popular type is FHA, with 44 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 963 $312,225,000 $324,221 $2,323 3.03%
Refi 661 $160,825,000 $243,306 $1,705 2.89%
Cash Out Refi 380 $74,100,000 $195,000 $2,013 3.04%
Home Improvement 63 $9,985,000 $158,492 $498 4.09%
Other 22 $1,410,000 $64,091 $596 4.59%

For the 2021, Union Bank And Trust Company's most frequently cited loan purpose of loans were Home Purchase, with 963 originations. The 2nd most popular reason of loans were Refi, with 661 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 1,292 $288,780,000 $223,514 $2,232 3.02%
15 Year 382 $66,220,000 $173,351 $1,821 2.56%
Other 123 $55,895,000 $454,431 $558 4.18%
5 Year 114 $115,280,000 $1,011,228 $290 3.91%
10 Year 84 $11,760,000 $140,000 $927 2.36%
20 Year 72 $15,790,000 $219,306 $1,825 2.86%
1 Year 21 $4,665,000 $222,143 $1,773 4.51%
3 Year 1 $155,000 $155,000 $0 3.75%

For the 2021, Union Bank And Trust Company's most frequently cited loan length of loans were 30 Year, with 1,292 originations. The 2nd most popular length of loans were 15 Year, with 382 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 1,837 $372,415,000 $202,730
$1k-2k 15 $3,665,000 $244,333
$3k-4k 6 $1,880,000 $313,333
$2k-3k 4 $2,440,000 $610,000

$2,232 of loans were Union Bank And Trust Company's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 1,837 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 1,016 $222,340,000 $218,839
3-4% 665 $262,615,000 $394,910
<2.5% 289 $56,795,000 $196,522
4-5% 97 $15,845,000 $163,351
5-6% 18 $790,000 $43,889
6-7% 4 $160,000 $40,000

During 2021, Union Bank And Trust Company's average interest rate of loans were 3.02%, while their most frequently originated rate bucket of loans were 2.5-3%, with 1,016 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 848 $125,920,000 $148,491 $1,993 3.00%
$200k-400k 754 $201,050,000 $266,645 $2,229 2.96%
$100,000 or less 332 $19,330,000 $58,223 $1,135 3.27%
$400k-600k 112 $53,510,000 $477,768 $2,574 2.94%
$1MM+ 23 $143,245,000 $6,228,043 $3,950 3.58%
$600k-1MM 20 $15,490,000 $774,500 $2,631 3.46%

2021 saw Union Bank And Trust Company place emphasis on $100k-200k loans with 848 originations, totaling $125,920,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 495 $77,355,000 $156,273 $1,928 2.95%
$100k-150k 406 $92,120,000 $226,897 $1,989 2.97%
$75k-100k 344 $65,520,000 $190,465 $2,051 3.02%
$50k or less 329 $38,875,000 $118,161 $1,849 3.01%
$150k-250k 225 $66,285,000 $294,600 $2,082 2.95%
$250k+ 97 $39,625,000 $408,505 $2,268 2.96%

Union Bank And Trust Company lent most frequently to those with incomes in the $50k-75k range, with 495 originations. The second most popular income band? $100k-150k, with 406 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 504 $96,750,000 $191,964 $1,893 2.97%
30-36% 401 $81,035,000 $202,082 $2,019 3.00%
<20% 233 $45,775,000 $196,459 $1,785 2.85%
36% 74 $16,790,000 $226,892 $2,170 2.97%
43% 73 $16,235,000 $222,397 $2,386 3.01%
40% 73 $16,655,000 $228,151 $2,126 3.04%
37% 71 $14,875,000 $209,507 $1,980 3.06%
39% 70 $12,140,000 $173,429 $1,971 2.97%
41% 67 $12,305,000 $183,657 $1,837 3.00%
38% 63 $10,435,000 $165,635 $1,733 2.96%
42% 62 $13,300,000 $214,516 $2,286 2.98%
44% 61 $10,955,000 $179,590 $1,862 3.11%
47% 40 $9,370,000 $234,250 $2,228 2.99%
46% 39 $7,885,000 $202,179 $2,249 2.96%
49% 38 $9,800,000 $257,895 $2,185 2.88%
48% 37 $8,105,000 $219,054 $2,100 2.92%
45% 33 $5,655,000 $171,364 $2,130 2.99%
50-60% 3 $435,000 $145,000 $3,961 3.33%
>60% 3 $2,455,000 $818,333 $2,522 3.65%

Union Bank And Trust Company lent most frequently to those with DTI ratios of 20-30%, with 504 originations. The next most common DTI ratio? 30-36%, with 401 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 1,817 $368,505,000 $202,810 $1,976 2.99%
Not applicable 124 $160,900,000 $1,297,581 $0 3.84%
Not provided 82 $16,370,000 $199,634 $1,980 2.94%
Asian 29 $6,465,000 $222,931 $2,139 2.88%
Black 23 $3,665,000 $159,348 $2,194 2.70%
Asian Indian 5 $1,365,000 $273,000 $2,862 2.70%
American Indian 5 $515,000 $103,000 $1,484 3.31%
Native Hawaiian 1 $295,000 $295,000 $7,357 3.13%
Other Asian 1 $185,000 $185,000 $1,488 2.63%
Korean 1 $175,000 $175,000 $2,082 2.75%
Vietnamese 1 $105,000 $105,000 $2,026 3.13%

Approval Rates

Total approvals of all applications
92.36%

Union Bank And Trust Company has an average approval rate.

Pick Rate

Approvals leading to origination
84.25%

Union Bank And Trust Company has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 2,089 $558,545,000 $267,374

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
2,089 $558,545,000 $267,374

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 148 $19,770,000 $133,581 $1,456 3.15%
40-60% 348 $74,310,000 $213,534 $1,785 2.86%
60-80% 842 $313,380,000 $372,185 $1,969 3.06%
80-100% 650 $145,760,000 $224,246 $2,456 3.03%
Over 100% 1 $465,000 $465,000 $18,184 2.38%
Under 20% 100 $4,860,000 $48,600 $250 3.32%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Union Bank and Trust Company 11460 Tomahawk Creek Parkway Leawood, KS 66211 Full Service B&M $63,915
Union Bank and Trust Company 2008 North Webb Road Grand Island, NE 68801 Full Service B&M $81,889
Union Bank and Trust Company 220 South 4th Street Seward, NE 68434 Full Service B&M $83,539
Union Bank and Trust Company 2201 Highway 2 Lincoln, NE 68502 Full Service B&M $82,167
Union Bank and Trust Company 230 South Hall And U.S. 20 Valentine, NE 69201 Full Service B&M $77,880
Union Bank and Trust Company 238 East 4th Ainsworth, NE 69210 Full Service B&M $31,839
Union Bank and Trust Company 2720 South 177th Street Omaha, NE 68130 Full Service B&M $349,792
Union Bank and Trust Company 309 Oak Street Bonner Springs, KS 66012 Full Service B&M $147,305
Union Bank and Trust Company 328 West 3rd Wahoo, NE 68066 Full Service B&M $81,771
Union Bank and Trust Company 3643 South 48th Street Lincoln, NE 68506 Full Service B&M $2,259,566
Union Bank and Trust Company 410 4th Street Taylor, NE 68879 Full Service B&M $33,826
Union Bank and Trust Company 4243 Pioneer Woods Dr Lincoln, NE 68516 Full Service B&M $381,089
Union Bank and Trust Company 4732 Calvert Street Lincoln, NE 68501 Full Service B&M $25,289
Union Bank and Trust Company 4800 Normal Boulevard Lincoln, NE 68506 Full Service B&M $1,101
Union Bank and Trust Company 5006 North 27th Street Lincoln, NE 68505 Full Service B&M $130,142
Union Bank and Trust Company 502 Grant Avenue York, NE 68467 Full Service B&M $36,648
Union Bank and Trust Company 507 D Street David City, NE 68632 Full Service B&M $47,534
Union Bank and Trust Company 514 G Street Pawnee City, NE 68420 Full Service B&M $32,016
Union Bank and Trust Company 6001 Village Drive Lincoln, NE 68516 Full Service Retail $70,449
Union Bank and Trust Company 6801 O Street Lincoln, NE 68510 Full Service B&M $157,620
Union Bank and Trust Company 6801 South 27th Street Lincoln, NE 68512 Full Service B&M $311,985
Union Bank and Trust Company 6811 South 27th Street Lincoln, NE 68516 Full Service B&M $20,174
Union Bank and Trust Company 840 Fallbrook Boulevard Lincoln, NE 68522 Full Service Retail $19,841
Union Bank and Trust Company 8401 Lexington Avenue Lincoln, NE 68521 Full Service B&M $81,605
Union Bank and Trust Company 8501 Andermatt Drive Lincoln, NE 68526 Full Service B&M $80,215
Union Bank and Trust Company 121 South 13th Street Lincoln, NE 68508 Full Service B&M $83,436
Union Bank and Trust Company 1300 North 48th Street Lincoln, NE 68504 Full Service B&M $69,705
Union Bank and Trust Company 1301 J Street Auburn, NE 68305 Full Service B&M $45,965
Union Bank and Trust Company 1313 K Street Fairbury, NE 68352 Full Service B&M $72,869
Union Bank and Trust Company 1400 R Street Lincoln, NE 68508 Full Service B&M $47,163
Union Bank and Trust Company 1550 South Coddington Lincoln, NE 68522 Full Service B&M $26,535
Union Bank and Trust Company 1850 Grove Avenue Crete, NE 68333 Full Service B&M $37,508
Union Bank and Trust Company 1940 O Street Lincoln, NE 68510 Full Service B&M $80,218

For 2021, Union Bank And Trust Company had 33 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $189,551
Net interest income $163,350
Total noninterest income $119,953
Gross Fiduciary activities income $76,258
Service charges on deposit accounts $6,044
Trading account gains and fees $0
Additional Noninterest Income $37,651
Pre-tax net operating income $105,634
Securities gains (or losses, -) $1,716
Income before extraordinary items $81,992
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $81,992
Minority interest net income $0
Net income $81,992
Sale, conversion, retirement of capital stock, net $0
Net operating income $80,636

Union Bank And Trust Company's gross interest income from loans was $189,551,000.
Union Bank And Trust Company's net interest income from loans was $163,350,000.
Union Bank And Trust Company's fee based income from loans was $6,044,000.
Union Bank And Trust Company's net income from loans was $81,992,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $26,201
Provision for credit losses $12,000
Total noninterest expense $165,669
Salaries and employee benefits $92,357
Premises and equipment expense $25,048
Additional noninterest expense $48,264
Applicable income taxes $25,358
Net charge-offs $8,787
Cash dividends $16,745

Union Bank And Trust Company's interest expense for loans was $26,201,000.
Union Bank And Trust Company's payroll and benefits expense were $92,357,000.
Union Bank And Trust Company's property, plant and equipment expenses $25,048,000.

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 1.0%
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 0.5%
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 $5,751,403
Deposits held in domestic offices $5,751,403
Deposits by Individuals, partnerships, and corporations $5,429,646
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $301,142
Deposits by Commercial banks and other depository institutions in U.S. $20,615
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $2,964,590
Demand deposits $1,600,964
Nontransaction accounts $2,786,813
Money market deposit accounts (MMDAs) $1,119,439
Other savings deposits (excluding MMDAs) $449,765
Total time deposits $1,217,610
Total time and savings deposits $4,150,439
Noninterest-bearing deposits $1,234,564
Interest-bearing deposits $4,516,839
Retail deposits $5,171,308
IRAs and Keogh plan accounts $189,973
Brokered deposits $392,260
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $6,586,972
Cash & Balances due from depository institutions $472,040
Interest-bearing balances $426,252
Total securities $1,355,474
Federal funds sold & reverse repurchase $0
Net loans and leases $4,483,268
Loan and leases loss allowance $92,819
Trading account assets $0
Bank premises and fixed assets $90,062
Other real estate owned $2,265
Goodwill and other intangibles $19,194
All other assets $164,669

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $6,586,972
Total Liabilities $5,968,658
Total deposits $5,751,403
Interest-bearing deposits $4,516,839
Deposits held in domestic offices $5,751,403
% insured (estimated) $81
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $160,000
Subordinated debt $0
All other liabilities $57,255

Issued Loan Types

Type Value (in 000's)
Net loans and leases $4,483,268
Loan and leases loss allowance $92,819
Total loans and leases (domestic) $4,576,087
All real estate loans $2,775,069
Real estate loans in domestic offices $2,775,069
Construction and development loans $454,866
Residential 1-4 family construction $66,915
Other construction, all land development and other land $387,951
Loans secured by nonfarm nonresidential properties $1,625,422
Nonfarm nonresidential secured by owner-occupied properties $533,509
Commercial real estate & other non-farm, non-residential $1,091,913
Multifamily residential real estate $143,824
1-4 family residential loans $225,008
Farmland loans $325,949
Loans held in foreign offices $0
Farm loans $93,209
Commercial and industrial loans $939,588
To non-U.S. addressees $0
Loans to individuals $531,519
Credit card loans $15,409
Related Plans $913
Consumer Auto Loans $238,779
Other loans to individuals $276,418
All other loans & leases $236,702
Loans to foreign governments and official institutions $0
Other loans $95,472
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 $9,962
Non 1-4 family restructured loans & leases $9,905
Total loans and leases (foreign) $0

Union Bank and Trust Company had $4,483,268,000 of loans outstanding in 2021. $2,775,069,000 of loans were in real estate loans. $454,866,000 of loans were in development loans. $143,824,000 of loans were in multifamily mortgage loans. $225,008,000 of loans were in 1-4 family mortgage loans. $93,209,000 of loans were in farm loans. $15,409,000 of loans were in credit card loans. $238,779,000 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 538 $202,119 $375,686
Nonfarm, nonresidential loans - <$100k 67 $2,903 $43,328
Nonfarm, nonresidential loans - $100-250k 119 $17,615 $148,025
Nonfarm, nonresidential loans - $250k-1MM 352 $181,601 $515,912
Commercial & Industrial, US addressed loans - <$1MM 2,154 $321,770 $149,383
Commercial & Industrial, US addressed loans - <$100k 1,221 $36,659 $30,024
Commercial & Industrial, US addressed loans - $100-250k 416 $53,869 $129,493
Commercial & Industrial, US addressed loans - $250k-1MM 517 $231,242 $447,277
Farmland loans - <$1MM 813 $110,131 $135,462
Farmland loans - <$100k 342 $15,888 $46,456
Farmland loans - $100-250k 260 $33,554 $129,054
Farmland loans - $250k-1MM 211 $60,689 $287,626
Agriculture operations loans - <$1MM 642 $63,779 $99,344
Agriculture operations loans - <$100k 518 $31,904 $61,591
Agriculture operations loans - $100-250k 91 $17,221 $189,242
Agriculture operations loans - $250k-1MM 33 $14,654 $444,061