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First International Bank & Trust

Bank|Watford City, ND|Multi-Region
Loans Originated
924
Applications
1,111
Volume
$300 million
Offers loans directly to consumers
Overall Pricing
Sound
Overall Pull Through
Exceptional
Safe Rate AwardsConventional SuperstarFHA SuperstarVA SuperstarPurchase SuperstarRefinance Superstar

Pricing and Pullthrough Overview

Average Rate Spread
+0.009%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$2,022
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
83.2%
Percentage of applications that result in closed loans

Safe Rate's Summary

What They Do Well

  • Strong pull through performance
  • Particularly strong in Conventional and FHA and VA and Jumbo loans

Report Card

First International Bank & Trust performance at a glance

CategoryRatingGradeDetails
Pricing
Rate competitiveness
SoundIndustry Standard
Pull Through
Closing Strength
ExceptionalMarket Leader
Products
Loan Type Specialists
Specialization score by loan product
Conventional
StrongHighly Competitive
FHA
StrongHighly Competitive
VA
StrongHighly Competitive
Jumbo
StrongHighly Competitive
Purpose
Reason specialization
Specialization score by loan purpose
Purchase
StrongHighly Competitive
Refinance
StrongHighly Competitive
Places
Geographic coverage
StrongMulti-Regional · 7 metro areas · 21 states
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)

Typical Borrower Profile

Average Loan Amount
$324,794
Average Borrower Income
$154,803
Average Property Value
$426,613

Performance by Loan Product

Loan TypeOverall
ProductPricingPull ThroughVolumeMixSpread
Fees
Conventional
Strong
Strong
Sound
Exceptional
68073.6%+0.028%$2,000
FHA Loans
Strong
Strong
Exceptional
Strong
15416.7%+0.097%$1,508
VA Loans
Strong
Strong
Strong
Exceptional
636.8%-0.632%$2,751
Jumbo Loans
Strong
Strong
N/A
Strong
192.1%+0.305%$6,737

Performance by Loan Purpose

PurposeOverall
ProductPricingPull ThroughVolumeMixSpread
Fees
Purchase
Strong
Strong
Sound
Strong
81087.7%+0.097%$2,104
Refinance
Strong
Strong
Strong
Exceptional
11412.3%-0.440%$1,600

Geographic Coverage

Metro Areas
6
States Served
21
We count Washington DC as a state
Avg Place Specialization
Strong

States with Loan Originations

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Top Metro Areas by Place Specialization Score

1
Fargo, ND, ND-MNMSA
Volume: 176Mix: 19.05%
Place Specialization
Exceptional
2
Minot, ND, NDMSA
Volume: 89Mix: 9.63%
Place Specialization
Exceptional
3
Sioux Falls, SD, SD-MNMSA
Volume: 206Mix: 22.29%
Place Specialization
Exceptional
4
Bismarck, ND, NDMSA
Volume: 97Mix: 10.50%
Place Specialization
Exceptional
5
Grand Forks, ND, ND-MNMSA
Volume: 42Mix: 4.55%
Place Specialization
Strong
6
Phoenix, AZMSA
Volume: 46Mix: 4.98%
Place Specialization
Sound

Top States by Place Specialization Score

1
NDState
Volume: 470Mix: 50.87%
Place Specialization
Exceptional
2
SDState
Volume: 261Mix: 28.25%
Place Specialization
Exceptional
3
MNState
Volume: 100Mix: 10.82%
Place Specialization
Strong
4
AZState
Volume: 51Mix: 5.52%
Place Specialization
Sound

How We Rank Lenders

Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.

Our Point System (Max 30 Points)

10
Pricing
Rate and fee competitiveness (33%)
10
Pull Through
Reliability in closing loans (33%)
10
Product
Specialization in the loan type (33%)
💎
Champion(80%+ = 24-30 points)
Superstar(60-79% = 18-23 points)

Data Integrity & Updates

Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.

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