We compare mortgage interest rate and loan related closing costs at First State Bank & Trust with other lenders for mortgages with similar borrower characteristics:
Interest Rate: higher than average (+0.13%)
Loan Related Closing Costs: lower than average (-$468)
Assessment: this lender tends to be a expensive lender.
This scoreboard is based on data reported to FFIEC. In the data, First State Bank & Trust originated 132 mortgages, a national market share of 0.0%. It was primarily active in KS (0.3% market share) and MO (0.0% market share).
On average, First State Bank & Trust’s interest rates were higher than those of comparable mortgages at other lenders (+0.13%).1The comparable mortgages control for First State Bank & Trust’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and county. Interest rate and loan related closing costs are estimated based on fixed rate mortgages only, whereas market shares include all purchase or refinance mortgages. Its average total loan related closing cost was $1700, which was lower than those of comparable mortgages at $2168, with a difference of -$468. Overall, we estimate that First State Bank & Trust tends to be an expensive lender, with a cost-adjusted-rate difference of +0.09% compared to comparable mortgages at other lenders.2Cost adjusted rates were computed based on each percent of the loan amount in loan related closing costs being worth 1/6 of a percentage point in interest rate. Therefore, we recommend comparing your rate and fees with at least a few other lenders before signing with First State Bank & Trust.
First State Bank & Trust originated Conforming mortgages for new home purchases. We breakdown its interest rate and total loan related closing cost on by each of the mortgage types it originated below:
Home Purchase Mortgages from First State Bank & Trust compared to other lenders
| Conforming | |
|---|---|
| Interest Rate Difference | +0.13% |
| Loan related Closing Cost Difference | -$468 |
| Cost Adjusted Rate Difference | +0.09% |
Based on the table above, First State Bank & Trust is more expensive than other lenders for Conforming purchase mortgages.
Other information about First State Bank & Trust:
Regulator: Federal Deposit Insurance Corporation (FDIC)
Top holder: TONGANOXIE BANKSHARES, INC.
Registered city and state: Tonganoxie, KS, 66086-0219