The State Bank And Trust Company Mortgage Rates, Fees & Info

Defiance, OH

LEI: UBNR8NKAK8J9JL4NZF88

Tax ID: 34-4364150

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
  • 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

    The State Bank And Trust Company is a smaller bank specializing in Home Purchase and Refi loans. The State 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.) They have a low ratio of USDA loans. Their top markets by origination volume include: Columbus, Toledo, Indianapolis, Defiance, and Fort Wayne among others. We have data for 74 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The State Bank And Trust Company 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. The State Bank And Trust Company 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
    Home Equity Line of Credit (HELOC) 5.62% 4/30/24
    30 Year Conventional Purchase 6.61% 4/30/24
    30 Year Conventional Refi 6.51% 4/30/24
    30 Year Cash-out Refi 6.60% 4/30/24
    30 Year FHA Purchase 7.12% 4/30/24
    30 Year FHA Refi 6.38% 4/30/24
    30 Year VA Purchase 6.30% 4/30/24
    30 Year USDA Purchase 6.66% 4/30/24
    15 Year Conventional Purchase 5.65% 4/30/24
    15 Year Conventional Refi 5.75% 4/30/24
    15 Year Cash-out Refi 5.75% 4/30/24
    15 Year FHA Purchase 5.68% 4/30/24
    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.

    The State Bank And Trust Company Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from The State Bank And Trust Company. 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

    2,459

    Origination Dollar Volume (All Markets)

    $598,855,000

    Employee count

    260 Show all (8) 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
    COLUMBUS, OH (FHA|USDA|VA) 1,135 $331,665,000 $292,216 $3,449 2.92%
    TOLEDO, OH (FHA|USDA|VA) 346 $66,060,000 $190,925 $3,458 2.92%
    Outside of Metro Areas 277 $39,165,000 $141,390 $2,967 2.90%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 105 $28,685,000 $273,190 $2,559 2.87%
    Defiance, OH (FHA|USDA|VA) 171 $27,285,000 $159,561 $3,190 2.78%
    FORT WAYNE, IN (FHA|USDA|VA) 45 $12,885,000 $286,333 $2,736 2.87%
    MONROE, MI (FHA|USDA|VA) 51 $12,045,000 $236,176 $3,133 2.92%
    Findlay, OH (FHA|USDA|VA) 39 $8,475,000 $217,308 $3,323 2.86%
    Angola, IN (FHA|USDA|VA) 29 $8,425,000 $290,517 $3,047 2.81%
    LIMA, OH (FHA|USDA|VA) 38 $6,390,000 $168,158 $2,976 3.12%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 8 $4,080,000 $510,000 $2,620 3.23%
    Auburn, IN (FHA|USDA|VA) 16 $3,320,000 $207,500 $2,507 2.70%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 9 $2,835,000 $315,000 $3,796 3.17%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 3 $2,825,000 $941,667 $7,165 2.83%
    Tiffin, OH (FHA|USDA|VA) 17 $2,715,000 $159,706 $3,215 3.05%
    MANSFIELD, OH (FHA|USDA|VA) 4 $2,560,000 $640,000 $4,308 2.95%
    Mount Vernon, OH (FHA|USDA|VA) 8 $2,410,000 $301,250 $4,194 2.91%
    Wapakoneta, OH (FHA|USDA|VA) 9 $2,295,000 $255,000 $4,101 2.83%
    Van Wert, OH (FHA|USDA|VA) 13 $1,825,000 $140,385 $3,690 2.88%
    Adrian, MI (FHA|USDA|VA) 10 $1,800,000 $180,000 $4,004 2.73%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 10 $1,730,000 $173,000 $3,120 2.64%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 2 $1,690,000 $845,000 $6,236 2.75%
    Urbana, OH (FHA|USDA|VA) 7 $1,465,000 $209,286 $3,792 2.88%
    Hillsdale, MI (FHA|USDA|VA) 9 $1,455,000 $161,667 $3,331 2.79%
    Kendallville, IN (FHA|USDA|VA) 4 $1,450,000 $362,500 $3,264 2.91%
    JACKSON, MI (FHA|USDA|VA) 5 $1,445,000 $289,000 $3,959 2.85%
    Washington Court House, OH (FHA|USDA|VA) 3 $1,245,000 $415,000 $3,133 2.96%
    Athens, OH (FHA|USDA|VA) 3 $1,205,000 $401,667 $3,525 3.21%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 4 $1,200,000 $300,000 $4,489 3.16%
    Bellefontaine, OH (FHA|USDA|VA) 6 $1,160,000 $193,333 $2,953 2.90%
    Chillicothe, OH (FHA|USDA|VA) 4 $1,110,000 $277,500 $3,817 2.91%
    Coldwater, MI (FHA|USDA|VA) 4 $1,050,000 $262,500 $3,349 3.03%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 6 $990,000 $165,000 $2,129 2.75%
    Marion, OH (FHA|USDA|VA) 3 $945,000 $315,000 $5,084 3.13%
    Zanesville, OH (FHA|USDA|VA) 5 $885,000 $177,000 $3,609 2.93%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $730,000 $365,000 $4,458 2.50%
    Key West, FL (FHA|USDA|VA) 1 $705,000 $705,000 $6,248 2.63%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $700,000 $350,000 $5,040 2.69%
    AKRON, OH (FHA|USDA|VA) 2 $610,000 $305,000 $3,790 3.00%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $585,000 $585,000 $2,272 3.50%
    SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 2 $530,000 $265,000 $2,025 3.06%
    Fremont, OH (FHA|USDA|VA) 3 $525,000 $175,000 $3,513 2.79%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $505,000 $505,000 $6,089 2.50%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $480,000 $240,000 $3,939 2.44%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $475,000 $475,000 $4,147 2.13%
    Huntington, IN (FHA|USDA|VA) 2 $440,000 $220,000 $2,558 3.00%
    MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 2 $440,000 $220,000 $3,156 2.63%
    JACKSONVILLE, FL (FHA|USDA|VA) 1 $435,000 $435,000 $6,029 3.13%
    SPRINGFIELD, OH (FHA|USDA|VA) 2 $430,000 $215,000 $3,016 2.81%
    Jackson, OH (FHA|USDA|VA) 1 $395,000 $395,000 $3,792 3.25%
    Celina, OH (FHA|USDA|VA) 2 $340,000 $170,000 $4,335 2.88%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $305,000 $305,000 $0 4.25%
    Seymour, IN (FHA|USDA|VA) 1 $295,000 $295,000 $1,463 3.25%
    HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 1 $245,000 $245,000 $2,402 3.00%
    Ashtabula, OH (FHA|USDA|VA) 1 $235,000 $235,000 $2,809 2.75%
    Morehead City, NC (FHA|USDA|VA) 1 $235,000 $235,000 $2,662 2.38%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $225,000 $225,000 $3,924 3.25%
    MUNCIE, IN (FHA|USDA|VA) 2 $220,000 $110,000 $2,871 3.13%
    Richmond, IN (FHA|USDA|VA) 1 $185,000 $185,000 $2,333 3.63%
    Warsaw, IN (FHA|USDA|VA) 1 $175,000 $175,000 $1,819 2.88%
    Bedford, IN (FHA|USDA|VA) 1 $165,000 $165,000 $2,125 3.13%
    Traverse City, MI (FHA|USDA|VA) 1 $165,000 $165,000 $4,076 2.75%
    DANVILLE, IL (FHA|USDA|VA) 1 $155,000 $155,000 $6,174 3.13%
    THE VILLAGES, FL (FHA|USDA|VA) 1 $155,000 $155,000 $3,551 2.25%
    BATTLE CREEK, MI (FHA|USDA|VA) 1 $135,000 $135,000 $2,359 2.38%
    COLUMBUS, IN (FHA|USDA|VA) 1 $125,000 $125,000 $2,115 3.00%
    Sturgis, MI (FHA|USDA|VA) 1 $125,000 $125,000 $2,657 3.00%
    Crawfordsville, IN (FHA|USDA|VA) 1 $105,000 $105,000 $2,202 2.38%
    LOUISVILLE, KY (FHA|USDA|VA) 1 $105,000 $105,000 $4,209 3.13%
    Norwalk, OH (FHA|USDA|VA) 1 $95,000 $95,000 $0 2.88%
    LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 1 $95,000 $95,000 $3,600 2.88%
    Wabash, IN (FHA|USDA|VA) 1 $85,000 $85,000 $1,766 2.75%
    CANTON-MASSILLON, OH (FHA|USDA|VA) 1 $65,000 $65,000 $0 5.50%
    JACKSON, MS (FHA|USDA|VA) 1 $65,000 $65,000 $1,889 2.88%
    The State Bank And Trust Company's top markets include Columbus, Toledo, Indianapolis, Defiance, and Fort Wayne among others.

    Their top states include:
  • Ohio (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)

    • Similar Lenders

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

    Bay Area Credit Union, Inc.
    Similarity Rank: 12
    Farmers State Bank
    Similarity Rank: 132
    MONROE COUNTY COMMUNITY CREDIT UNION
    Similarity Rank: 144
    BEACON CREDIT UNION
    Similarity Rank: 144
    First Federal Savings and Loan Association of Delta
    Similarity Rank: 150
    First Bank of Berne
    Similarity Rank: 187
    The Riddell National Bank
    Similarity Rank: 252
    Mutual Savings Bank
    Similarity Rank: 264
    Crossroads Bank
    Similarity Rank: 330
    The Henry County Bank
    Similarity Rank: 333

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,367 $580,405,000 $245,207 $3,187 2.91%
    FHA 56 $9,620,000 $171,786 $6,398 2.95%
    VA 29 $7,615,000 $262,586 $6,600 2.72%
    USDA 7 $1,215,000 $173,571 $4,799 2.79%

    For 2021, The State Bank And Trust Company's most frequently originated type of loan was Conventional, with 2,367 originations. Their 2nd most popular type was FHA, with 56 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,166 $312,700,000 $268,182 $4,159 3.02%
    Refi 818 $186,360,000 $227,824 $2,348 2.73%
    Cash Out Refi 443 $95,425,000 $215,406 $3,040 2.91%
    Home Improvement 24 $3,280,000 $136,667 $2,405 3.17%
    Other 8 $1,090,000 $136,250 $2,117 3.08%

    For 2021, The State Bank And Trust Company's most frequently cited loan purpose was Home Purchase, with 1,166 originations. The 2nd most popular reason was Refi, with 818 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,595 $418,805,000 $262,574 $3,715 3.04%
    15 Year 531 $105,445,000 $198,578 $2,540 2.45%
    20 Year 195 $41,585,000 $213,256 $2,579 2.98%
    Other 88 $23,290,000 $264,659 $2,440 3.04%
    10 Year 43 $8,175,000 $190,116 $2,207 2.77%
    5 Year 7 $1,555,000 $222,143 $0 4.28%

    For 2021, The State Bank And Trust Company's most frequently cited loan duration was 30 Year, with 1,595 originations. The 2nd most popular length was 15 Year, with 531 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,355 $297,215,000 $219,347
    $1k-2k 664 $181,610,000 $273,509
    $2k-3k 180 $59,140,000 $328,556
    $3k-4k 50 $13,410,000 $268,200
    $5k+ 30 $10,970,000 $365,667
    $4k-5k 26 $8,100,000 $311,538

    The State Bank And Trust Company's average total fees were $3,715, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,355 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 1,236 $328,760,000 $265,987
    3-4% 681 $165,735,000 $243,370
    <2.5% 498 $98,060,000 $196,908
    4-5% 43 $6,235,000 $145,000
    5-6% 1 $65,000 $65,000

    During 2021, The State Bank And Trust Company's average interest rate for loans was 3.04%, while their most frequently originated rate bucket for loans was 2.5-3%, with 1,236 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 961 $266,455,000 $277,268 $3,588 2.90%
    $100k-200k 877 $130,105,000 $148,352 $2,847 2.88%
    $100,000 or less 323 $23,925,000 $74,071 $2,379 2.95%
    $400k-600k 214 $100,950,000 $471,729 $4,458 2.94%
    $600k-1MM 59 $45,395,000 $769,407 $4,706 2.92%
    $1MM+ 25 $32,025,000 $1,281,000 $5,831 2.90%

    2021 saw The State Bank And Trust Company place emphasis on $200k-400k loans with 961 originations, totaling $266,455,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 580 $147,430,000 $254,190 $3,434 2.89%
    $50k-75k 471 $78,865,000 $167,442 $3,247 2.89%
    $150k-250k 385 $121,375,000 $315,260 $3,403 2.86%
    $75k-100k 379 $74,845,000 $197,480 $3,193 2.88%
    $50k or less 347 $39,955,000 $115,144 $2,853 2.92%
    $250k+ 221 $117,085,000 $529,796 $4,011 2.79%

    The State Bank And Trust Company lent most frequently to those with incomes in the $100k-150k range, with 580 originations. The second most popular income band? $50k-75k, with 471 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 730 $177,980,000 $243,808 $3,133 2.84%
    30-36% 474 $119,270,000 $251,624 $3,486 2.92%
    <20% 342 $81,220,000 $237,485 $2,799 2.74%
    39% 86 $21,730,000 $252,674 $3,771 2.91%
    42% 82 $20,150,000 $245,732 $3,866 2.96%
    43% 80 $20,270,000 $253,375 $3,769 3.02%
    40% 79 $18,605,000 $235,506 $3,679 3.00%
    36% 76 $19,190,000 $252,500 $3,482 2.89%
    44% 74 $16,640,000 $224,865 $3,476 2.97%
    37% 73 $19,495,000 $267,055 $3,776 2.90%
    41% 71 $18,095,000 $254,859 $3,365 2.92%
    38% 60 $12,950,000 $215,833 $3,407 2.92%
    45% 43 $11,155,000 $259,419 $3,397 2.86%
    47% 38 $8,820,000 $232,105 $3,353 2.88%
    46% 33 $6,795,000 $205,909 $3,109 2.78%
    49% 26 $5,510,000 $211,923 $3,634 2.88%
    48% 23 $4,175,000 $181,522 $3,645 2.82%
    >60% 4 $500,000 $125,000 $2,749 3.13%

    The State Bank And Trust Company lent most frequently to those with DTI ratios of 20-30%, with 730 originations. The next most common DTI ratio? 30-36%, with 474 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,022 $487,970,000 $241,330 $3,276 2.88%
    Not provided 274 $69,630,000 $254,124 $3,402 2.86%
    Not applicable 48 $13,620,000 $283,750 $0 4.08%
    Black 62 $12,420,000 $200,323 $3,823 3.15%
    Asian 43 $11,715,000 $272,442 $3,413 2.83%
    Asian Indian 2 $1,620,000 $810,000 $6,217 3.13%
    American Indian 5 $1,235,000 $247,000 $5,327 2.85%
    Chinese 2 $440,000 $220,000 $2,955 2.63%
    Vietnamese 1 $205,000 $205,000 $2,877 3.13%

    Approval Rates

    Total approvals of all applications
    95.04%

    The State Bank And Trust Company 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
    83.49%

    The State Bank And Trust Company has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,459 $598,855,000 $243,536

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,459 $598,855,000 $243,536

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 111 $15,065,000 $135,721 $2,289 2.64%
    40-60% 417 $83,065,000 $199,197 $2,389 2.69%
    60-80% 979 $236,455,000 $241,527 $3,083 2.95%
    80-100% 939 $262,425,000 $279,473 $4,028 2.98%
    Over 100% 5 $1,535,000 $307,000 $12,319 2.80%
    Under 20% 8 $310,000 $38,750 $735 3.42%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The State Bank and Trust Company 101 North Michigan Street Edon, OH 43518 Full Service B&M $58,467
    The State Bank and Trust Company 104 N. Michigan Avenue Edgerton, OH 43517 Full Service B&M $5,320
    The State Bank and Trust Company 119 South State Street Pioneer, OH 43554 Full Service B&M $44,586
    The State Bank and Trust Company 1201 East Main Street Montpelier, OH 43543 Full Service B&M $50,967
    The State Bank and Trust Company 1232 N. Main St. Bowling Green, OH 43402 Full Service B&M $18,930
    The State Bank and Trust Company 12832 Coldwater Road Fort Wayne, IN 46845 Full Service B&M $27,212
    The State Bank and Trust Company 133 East Morenci Street Lyons, OH 43533 Full Service B&M $23,131
    The State Bank and Trust Company 1379 N. Shoop Ave. Wauseon, OH 43567 Full Service B&M $62,895
    The State Bank and Trust Company 1419 West High Street Bryan, OH 43506 Full Service B&M $56,246
    The State Bank and Trust Company 1600 North Clinton Street Defiance, OH 43512 Full Service B&M $40,656
    The State Bank and Trust Company 187 N. Michigan Avenue Edgerton, OH 43517 Limited, Drive-thru $0
    The State Bank and Trust Company 201 E. Lincoln Street Findlay, OH 45840 Full Service B&M $18,500
    The State Bank and Trust Company 218 North First Street Oakwood, OH 45873 Full Service B&M $27,547
    The State Bank and Trust Company 235 Main Street Luckey, OH 43443 Full Service B&M $42,394
    The State Bank and Trust Company 311 North Main Street Walbridge, OH 43465 Full Service B&M $34,886
    The State Bank and Trust Company 312 Main Street Delta, OH 43515 Full Service B&M $24,363
    The State Bank and Trust Company 401 Clinton Street Defiance, OH 43512 Full Service B&M $280,405
    The State Bank and Trust Company 408 South Main St. Ste A Findlay, OH 45840 Full Service B&M $433
    The State Bank and Trust Company 4080 West Dublin-Granville Road Dublin, OH 43017 Full Service B&M $78,892
    The State Bank and Trust Company 500 Third Street Defiance, OH 43512 Limited, Drive-thru $0
    The State Bank and Trust Company 610 East South Boundary Perrysburg, OH 43551 Full Service B&M $33,114
    The State Bank and Trust Company 6401 Monroe Street Sylvania, OH 43560 Full Service B&M $45,538
    The State Bank and Trust Company 930 West Market Street Lima, OH 45805 Full Service B&M $60,659
    The State Bank and Trust Company Main And Caroline Streets Paulding, OH 45879 Full Service B&M $77,328

    For 2021, The State Bank And Trust Company had 24 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $41,881
    Net interest income $38,522
    Total noninterest income $28,999
    Gross Fiduciary activities income $3,869
    Service charges on deposit accounts $1,093
    Trading account gains and fees $242
    Additional Noninterest Income $23,795
    Pre-tax net operating income $23,330
    Securities gains (or losses, -) $0
    Income before extraordinary items $18,573
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $18,573
    Minority interest net income $0
    Net income $18,573
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $18,573

    The State Bank And Trust Company's gross interest income from loans was $41,881,000.
    The State Bank And Trust Company's net interest income from loans was $38,522,000.
    The State Bank And Trust Company's fee based income from loans was $1,093,000.
    The State Bank And Trust Company's net income from loans was $18,573,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,359
    Provision for credit losses $1,050
    Total noninterest expense $43,141
    Salaries and employee benefits $25,664
    Premises and equipment expense $5,669
    Additional noninterest expense $11,808
    Applicable income taxes $4,757
    Net charge-offs $-180
    Cash dividends $5,000

    The State Bank And Trust Company's interest expense for loans was $3,359,000.
    The State Bank And Trust Company's payroll and benefits expense were $25,664,000.
    The State Bank And Trust Company's property, plant and equipment expenses $5,669,000.

    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 1.0%
    All other family 1.0%
    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 $1,135,687
    Deposits held in domestic offices $1,135,687
    Deposits by Individuals, partnerships, and corporations $1,000,314
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $129,988
    Deposits by Commercial banks and other depository institutions in U.S. $5,385
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $465,069
    Demand deposits $465,069
    Nontransaction accounts $670,618
    Money market deposit accounts (MMDAs) $382,519
    Other savings deposits (excluding MMDAs) $131,514
    Total time deposits $156,586
    Total time and savings deposits $670,618
    Noninterest-bearing deposits $275,047
    Interest-bearing deposits $860,640
    Retail deposits $1,122,158
    IRAs and Keogh plan accounts $20,677
    Brokered deposits $10
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,321,090
    Cash & Balances due from depository institutions $148,844
    Interest-bearing balances $136,169
    Total securities $262,758
    Federal funds sold & reverse repurchase $0
    Net loans and leases $816,391
    Loan and leases loss allowance $13,805
    Trading account assets $0
    Bank premises and fixed assets $22,110
    Other real estate owned $2,104
    Goodwill and other intangibles $33,439
    All other assets $35,444

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,321,090
    Total Liabilities $1,168,328
    Total deposits $1,135,687
    Interest-bearing deposits $860,640
    Deposits held in domestic offices $1,135,687
    % insured (estimated) $87
    Federal funds purchased and repurchase agreements $15,321
    Trading liabilities $0
    Other borrowed funds $6,054
    Subordinated debt $0
    All other liabilities $11,266

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $816,391
    Loan and leases loss allowance $13,805
    Total loans and leases (domestic) $830,196
    All real estate loans $679,047
    Real estate loans in domestic offices $679,047
    Construction and development loans $93,205
    Residential 1-4 family construction $32,831
    Other construction, all land development and other land $60,374
    Loans secured by nonfarm nonresidential properties $248,765
    Nonfarm nonresidential secured by owner-occupied properties $114,571
    Commercial real estate & other non-farm, non-residential $134,194
    Multifamily residential real estate $27,142
    1-4 family residential loans $267,901
    Farmland loans $42,034
    Loans held in foreign offices $0
    Farm loans $15,368
    Commercial and industrial loans $108,029
    To non-U.S. addressees $0
    Loans to individuals $12,614
    Credit card loans $1,407
    Related Plans $43
    Consumer Auto Loans $4,336
    Other loans to individuals $6,828
    All other loans & leases $15,793
    Loans to foreign governments and official institutions $0
    Other loans $49
    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 $724
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    The State Bank and Trust Company had $816,391,000 of loans outstanding in 2021. $679,047,000 of loans were in real estate loans. $93,205,000 of loans were in development loans. $27,142,000 of loans were in multifamily mortgage loans. $267,901,000 of loans were in 1-4 family mortgage loans. $15,368,000 of loans were in farm loans. $1,407,000 of loans were in credit card loans. $4,336,000 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 413 $94,684 $229,259
    Nonfarm, nonresidential loans - <$100k 81 $3,361 $41,494
    Nonfarm, nonresidential loans - $100-250k 145 $16,223 $111,883
    Nonfarm, nonresidential loans - $250k-1MM 187 $75,100 $401,604
    Commercial & Industrial, US addressed loans - <$1MM 809 $52,654 $65,085
    Commercial & Industrial, US addressed loans - <$100k 458 $8,744 $19,092
    Commercial & Industrial, US addressed loans - $100-250k 185 $13,193 $71,314
    Commercial & Industrial, US addressed loans - $250k-1MM 166 $30,717 $185,042
    Farmland loans - <$1MM 197 $19,770 $100,355
    Farmland loans - <$100k 57 $1,871 $32,825
    Farmland loans - $100-250k 98 $10,152 $103,592
    Farmland loans - $250k-1MM 42 $7,747 $184,452
    Agriculture operations loans - <$1MM 226 $13,030 $57,655
    Agriculture operations loans - <$100k 172 $6,508 $37,837
    Agriculture operations loans - $100-250k 37 $3,818 $103,189
    Agriculture operations loans - $250k-1MM 17 $2,704 $159,059