Name of the lender

First Bank and Trust CompanyMortgage rates, total loan costs and denial rate, 2025

HMDA year2025

Years filed2018 to 2025

Head office: Abingdon, VA
Reporting agency: Federal Reserve System (FRS)
Legal Entity Identifier (LEI)
Earlier names on its filings: The First Bank and Trust Company; The First Bank & Trust Company

Figures by state (CSV)

First Bank and Trust Company reported 1,234 mortgage applications in the HMDA data of 2025.

It originated 1,029 loans in 2025, for $242 million in total.

The median interest rate of its loans in 2025 was 7.125%, and the national median was 6.375%.

The median total loan costs of its loans in 2025 were $4,125, and the national median was $6,413.

It denied 5.0% of the applications that it decided in 2025, and the national denial rate was 22.6%.

Filed figures of First Bank and Trust Company, 2025
Figure	This lender	United States
Applications	1,234Under 0.1% of the US total	11,766,671
Loans originated	1,029$242 million	6,827,891
Median interest rate	7.125%	6.375%
Median total loan costs	$4,125	$6,413
Denial rate	5.0%	22.6%

HMDA data are generally not used alone to determine whether a lender is complying with fair lending laws. The data do not include some legitimate credit risk considerations for loan approval and loan pricing decisions.
The words of the Consumer Financial Protection Bureau (CFPB). Source: Consumer Financial Protection Bureau, Summary of 2023 Data on Mortgage Lending (11 July 2024), copied on 2 Oct 2026. The figures on this page are from the HMDA data of 2025, the snapshot dataset.

Since the last update

No change on record

No tracked figure of this lender has changed since this site started its record. The record compares each update of the HMDA data with the update before it. The record of updates.

PricingMedians of 2025 loans

Interest rate and total loan costs of First Bank and Trust Company by loan type, 2025Medians. Each value has the national median of the same loan type under it.
Loan type	Loans in the medians	Interest rate	Total loan costs	Rate spread, points
All loans	364	7.125%US 6.375%	$4,125US $6,413	0.648US 0.161
Conventional	364	7.125%US 6.500%	$4,125US $5,393	0.648US 0.175

Interest rate and total loan costs of First Bank and Trust Company by loan purpose, 2025Medians, with the national median under each value.
Loan purpose	Loans in the medians	Interest rate	Total loan costs	Rate spread, points
Home purchase	301	7.125%US 6.500%	$4,305US $6,632	0.634US 0.169
Refinancing	23	6.875%US 5.999%	$3,358US $4,883	0.703US −0.069
Cash-out refinancing	28	7.125%US 6.500%	$3,037US $8,095	0.611US 0.376

Parts of the total loan costs of First Bank and Trust Company by loan type, 2025Medians, with the national median under each value.
Loan type	Origination charges	Discount points, of the loans with points	Lender credits, of the loans with credits
All loans	$1,469US $2,062	$2,056US $2,823	$68US $567
Conventional	$1,469US $1,981	$2,056US $2,588	$68US $604

The median rate spread of these loans was 0.648 percentage points above the average prime offer rate (APOR). On a loan of $300,000, that is about $1,944 more a year, or $162 more a month. The national median spread was 0.161 points.

The dollar amount is a simple interest approximation: the rate spread times the full loan amount for one year. The balance of a loan decreases with each payment, and an APR includes some fees, so the amount for a real loan is different. What a rate spread is.

Median interest rate by year: First Bank and Trust Company and the United States

First Bank and Trust CompanyUnited States

Action takenHMDA codes and labels

Records of First Bank and Trust Company by the action taken, 2025
Action taken	Records	Share of records	US share
1Loan originated	1,029	81.7%	50.4%
2Application approved but not accepted	73	5.8%	3.1%
3Application denied	58	4.6%	15.6%
4Application withdrawn by applicant	71	5.6%	12.6%
5File closed for incompleteness	3	0.2%	5.1%
6Purchased loan	26	2.1%	11.7%
7Preapproval request denied	0	0.0%	0.4%
8Preapproval request approved but not accepted	0	0.0%	1.1%

The denial rate is code 3 divided by codes 1, 2 and 3: the applications that the lender decided. Codes 4 and 5 are applications with no decision. Code 6 is a loan that the lender bought.

Denial reasonsFirst reason coded

Denials of First Bank and Trust Company by the first reason that it coded, 2025
Denial reason	Denials	Share	US share
1Debt-to-income ratio	31	53.4%	32.7%
2Employment history	2	3.4%	0.9%
3Credit history	15	25.9%	25.6%
4Collateral	7	12.1%	13.8%
5Insufficient cash (downpayment, closing costs)	0	0.0%	2.3%
6Unverifiable information	0	0.0%	4.2%
7Credit application incomplete	0	0.0%	12.0%
8Mortgage insurance denied	0	0.0%	0.0%
9Other	3	5.2%	8.5%

A lender can code up to four reasons for a denial. This table counts the first reason only.

Loan types and purposesLoans of 2025

Applications of First Bank and Trust Company by loan type
Loan type	Applications	Loans originated	Denial rate
Conventional	1,225	1,029	4.9%US 23.4%
FHA-insured	5	0	n/aUS 21.8%
VA-guaranteed	3	0	n/aUS 16.2%
USDA Rural Housing Service or Farm Service Agency guaranteed	1	0	n/aUS 12.9%

Applications of First Bank and Trust Company by loan purpose
Loan purpose	Applications	Loans originated	Share of loans
Home purchase	723	566	55.0%
Home improvement	196	187	18.2%
Refinancing	87	79	7.7%
Cash-out refinancing	57	47	4.6%
Other purpose	171	150	14.6%

The denial rate of a loan type is the denied applications divided by the decided applications of that type. It is "n/a" under 25 decided applications.

States where it lends3 states with 25 applications or more

First Bank and Trust Company by state, 2025In order of the names. A state with 100 applications or more links to the lender's page for the state.
State	Applications	Loans originated	Median interest rate	Median total loan costs	Denial rate
North Carolina	83	77	n/a	n/a	3.7%
Tennessee	200	168	7.000%	$4,233	4.9%
Virginia	932	765	7.125%	$4,061	5.2%

Counties of First Bank and Trust Company with 50 applications or more, 2025In order of the names. The list has the 5 counties with the most loans of the lender.
County	Applications	Loans originated	Amount	Denial rate
Augusta County, VA	67	60	$16.5 million	1.5%
Bedford County, VA	66	55	$15.9 million	1.7%
Montgomery County, VA	67	55	$13.0 million	11.9%
Sullivan County, TN	85	70	$15.8 million	5.1%
Washington County, VA	152	125	$25.1 million	5.6%

Figures by yearHMDA 2022 to 2025

First Bank and Trust Company by HMDA year"n/a" shows a year with fewer than 25 applications, or a year that this site does not process.
Year	Applications	Loans originated	Median interest rate	Median total loan costs	Denial rate	Records filed
2025	1,234	1,029	7.125%	$4,125	5.0%	1,260
2024	1,126	976	7.625%	$3,965	5.3%	1,169
2023	1,165	991	7.500%	$3,913	4.7%	1,243
2022	1,136	888	5.625%	$3,242	5.6%	1,164
2021	n/a	n/a	n/a	n/a	n/a	1,679
2020	n/a	n/a	n/a	n/a	n/a	2,240
2019	n/a	n/a	n/a	n/a	n/a	969
2018	n/a	n/a	n/a	n/a	n/a	844

Records filed is the count on the lender's HMDA transmittal sheet. It includes purchased loans and requests for preapproval.

Denial rate by year: First Bank and Trust Company and the United States

First Bank and Trust CompanyUnited States

Peer lenders12 lenders

These lenders originated a count of loans close to the count of this lender, in the same states. The site compares the applications of each lender by state. The list is not a ranking.

1st Advantage Federal Credit UYorktown, VA
Apple Federal Credit UnionFairfax, VA
Bank Fund Staff Federal CreditWashington, DC
BayPort Credit UnionNewport News, VA
Chartway FCUVirginia Beach, VA
City Lending Inc.Mclean, VA
Credit Union Mortgage AssociatFairfax, VA
Dupont Community Credit UnionWaynesboro, VA
Freedom First Federal Credit UnionRoanoke, VA
Northwest Federal Credit UnionHerndon, VA
United Nations Federal CULong Island City, NY
UVA Community Credit UnionCharlottesville, VA

Official channelsLinks checked 2 Oct 2026

HMDA Data Browser (FFIEC and CFPB)The HMDA records of this lender, with a CSV download.
Submit a complaint (Consumer Financial Protection Bureau)The CFPB form for a complaint about a mortgage or a lender.
BankFind Suite (Federal Deposit Insurance Corporation)The FDIC search for an insured bank: its status, its offices and its regulator.

Cite this page

Page: Lender Register, "First Bank and Trust Company mortgage rates, 2025", https://lenderregister.com/lender/549300v6lkrocil7oi49-the-first-bank-trust-company/
Lender: First Bank and Trust Company, LEI 549300V6LKROCIL7OI49
Source: Federal Financial Institutions Examination Council and Consumer Financial Protection Bureau, Home Mortgage Disclosure Act data, 2025, snapshot dataset
Data date: HMDA year 2025. Page made 2 Oct 2026.

Provenance

The figures come from the public HMDA loan/application register of 2022 to 2025. The count of records filed comes from the transmittal sheets of 2018 to 2025. The FFIEC and the CFPB publish them at ffiec.cfpb.gov. The name, the head office and the agency are from the newest transmittal sheet of the LEI.

This site withholds a figure with fewer than 25 applications and a median with fewer than 20 loans. Method of the figures. Terms. Report an error.

Questions

How many loans did First Bank and Trust Company buy from other lenders in 2025?: It reported 26 purchased loans. HMDA counts a purchased loan apart from the applications, so the denial rate does not include it.
Which denial reasons did First Bank and Trust Company code most often in 2025?: The first reasons that it coded most often were debt-to-income ratio (31), credit history (15) and collateral (7).
In which states did First Bank and Trust Company originate the most loans in 2025?: The three states with the most loans were Virginia (765), Tennessee (168) and North Carolina (77). It had 25 applications or more in 3 states.
Which loan types did First Bank and Trust Company originate in 2025?: All its loans were of one type: 1,029 Conventional.