Mortgage lender · Mattoon, IL · LEI 549300XOTES5TCS8T794

First Mid Bank & Trust review: approval odds, rates and grade (2025)

First Mid Bank & Trust earns a C, in line with the typical performance of mid-size mortgage lenders. It turned down 22.9% of the applications it decided on in 2025, which ranks in the 17th percentile for approval odds. Its median loan was priced 0.26 points above the average prime offer rate, ranking in the 48th percentile on pricing. Compared against 581 mid-size mortgage lenders using 2025 HMDA filings.

2.4kApplications2025
68.0%Originatedof applications
22.9%Decision denial ratenational 22.6%
6.88%Median ratenational 6.63%
$408MLoan volume15 states

First Mid Bank & Trust at a glance, 2025

Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.

20.3%Denial rate (all applications)+2.32 pts vs national
22.9%Denial rate (decided applications)+0.28 pts vs national
68.0%Origination rate+9.93 pts vs national
11.2%Withdrawn by applicant
0.0%Closed for incompleteness
6.88%Median interest rate+0.25 pts vs national
0.26Median rate spread (pts over APOR)+0.01 pts vs national
$115,000Median loan amount
$2,910Median total loan costs
$86kMedian applicant income
76%Median loan-to-value
0High-cost (HOEPA) loans

How the C grade breaks down

Each component is a percentile rank among 581 mid-size mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.

Approval oddsdecision denial rate, weight 45%

17th22.9% denied

Pricingmedian rate spread over APOR, weight 30%

48th0.26 pts

Processwithdrawn + incomplete share, weight 15%

77th11.2%

Closing coststotal loan costs ÷ loan amount, weight 10%

41st2.53% of loan

Trend, 2023–2025

YearApplicationsOriginatedDenial rateDecision denialMedian rateVolume
20231,41796820.3%22.6%7.38%$229M
20242,3401,61717.5%19.9%7.13%$334M
20252,3691,61020.3%22.9%6.88%$408M

What First Mid Bank & Trust lends

Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.

By loan purpose

Home purchase 1,189 50% · 10.9% denied
Refinance 254 11% · 24.4% denied
Cash-out refinance 158 7% · 21.5% denied
Home improvement 523 22% · 31.6% denied
Other / HELOC 245 10% · 36.7% denied

By loan type

Conventional 2,229 94% · 20.2% denied
FHA 90 4% · 21.1% denied
VA 22 1% · 22.7% denied
USDA / RHS 28 1% · 21.4% denied

Also: 854 home-equity lines, 0 reverse mortgages, 38 manufactured homes, 251 investment properties.

Why First Mid Bank & Trust denies applications

Primary reason reported for each of the 481 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.

Debt-to-income ratio 172 36%
Credit history 151 31%
Collateral 56 12%
Incomplete application 41 9%
Other 38 8%
Employment history 12 2%
Unverifiable information 8 2%
Insufficient cash 3 1%

How these reasons compare nationally →

Who gets approved at First Mid Bank & Trust

Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.

Applicant incomeApplicationsOriginatedDecision denial rate
Under $50k39619843.8%
$50k – $100k88360722.8%
$100k – $150k47133916.4%
$150k – $250k30824212.2%
Over $250k14910220.3%
Applicant ageApplicationsOriginatedDecision denial rate
Under 251368420.6%
25–3451937319.4%
35–4441528522.0%
45–5440426627.1%
55–6440326427.7%
65–7427017225.3%
Over 74986823.6%

Where First Mid Bank & Trust lends

15 states and 149 counties in 2025. Click a state for the lender's full record there.

StateApplicationsOriginatedDenial rateMedian rateRank in state
Illinois1,8791,28720.2%6.88%#45
Missouri24515920.0%6.88%#160
Wisconsin15110121.2%6.88%#201
Indiana412624.4%7.50%#373
Texas241433.3%7.00%#838
Florida161312.5%6.88%#810

Frequently asked questions

First Mid Bank & Trust denied 22.9% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 17th percentile of mid-size mortgage lenders.

The most common reason First Mid Bank & Trust gave in 2025 was "debt-to-income ratio", cited on 35.8% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.

The median interest rate on loans First Mid Bank & Trust originated in 2025 was 6.88%, and its median rate spread over the average prime offer rate was 0.26 points. Rates on this page are what borrowers actually got, not advertised rates.

In 2025, 50% of its applications were for home purchases, 17% for refinancing (including cash-out), and 32% for home improvement or other purposes. By loan type: 94% conventional, 4% FHA, 1% VA.

Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.

About this data. HMDA data is published once a year by the CFPB. The current release covers applications acted on in calendar year 2025. Figures describe applications the lender acted on, including loans it later sold. Interest rates and costs are medians on originated loans only; some depository institutions are exempt from reporting pricing fields, which is why a few cells read "—". MortgageGrades is not affiliated with First Mid Bank & Trust. Data sources · Methodology