Ames National Corporation/reliance State Bank Mortgage Rates, Fees & Info

STORY CITY, IA

LEI: 25490003YGASV5ENH153

Tax ID: 42-0482700

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Mortgage Data

Review & Overview

Ames National Corporation/reliance State Bank is a smaller bank specializing in Home Purchase and Refi loans. Ames National Corporation/reliance State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Mason City, Ames, Des Moines, Norfolk, and Fort Dodge among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

Ames National Corporation/reliance State Bank 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.

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Originations

109

Origination Dollar Volume (All Markets)

$15,435,000

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
Outside of Metro Areas 66 $7,560,000 $114,545 $0 0.00%
Mason City, IA (FHA|USDA|VA) 27 $4,215,000 $156,111 $0 0.00%
AMES, IA (FHA|USDA|VA) 9 $1,275,000 $141,667 $0 0.00%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 3 $1,065,000 $355,000 $0 0.00%
Norfolk, NE (FHA|USDA|VA) 1 $965,000 $965,000 $0 0.00%
Fort Dodge, IA (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
Muscatine, IA (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
Storm Lake, IA (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
Ames National Corporation/reliance State Bank's top markets include Mason City, Ames, Des Moines, Norfolk, and Fort Dodge among others.

Their top states include:
  • Iowa (FHA|USDA|VA)
  • Nebraska (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 109 $15,435,000 $141,606 $0 0.00%

    For 2023, Ames National Corporation/reliance State Bank's most frequently originated type of loan was Conventional, with 109 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 65 $10,365,000 $159,462 $0 0.00%
    Refi 30 $4,140,000 $138,000 $0 0.00%
    Other 10 $790,000 $79,000 $0 0.00%
    Home Improvement 4 $140,000 $35,000 $0 0.00%

    For 2023, Ames National Corporation/reliance State Bank's most frequently cited loan purpose was Home Purchase, with 65 originations. The 2nd most popular reason was Refi, with 30 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 109 $15,435,000 $141,606 $0 0.00%

    For 2023, Ames National Corporation/reliance State Bank's most frequently cited loan duration was Other, with 109 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 56 $2,820,000 $50,357 $0 0.00%
    $100k-200k 31 $4,435,000 $143,065 $0 0.00%
    $200k-400k 17 $4,545,000 $267,353 $0 0.00%
    $400k-600k 3 $1,465,000 $488,333 $0 0.00%
    $1MM+ 1 $1,205,000 $1,205,000 $0 0.00%
    $600k-1MM 1 $965,000 $965,000 $0 0.00%

    2023 saw Ames National Corporation/reliance State Bank place emphasis on $100,000 or less loans with 56 originations, totaling $2,820,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 23 $2,065,000 $89,783 $0 0.00%
    $100k-150k 18 $2,460,000 $136,667 $0 0.00%
    $75k-100k 14 $1,460,000 $104,286 $0 0.00%
    $250k+ 10 $3,480,000 $348,000 $0 0.00%
    $150k-250k 9 $1,605,000 $178,333 $0 0.00%
    $50k or less 7 $565,000 $80,714 $0 0.00%

    Ames National Corporation/reliance State Bank lent most frequently to those with incomes in the $50k-75k range, with 23 originations. The second most popular income band? $100k-150k, with 18 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 109 $15,435,000 $141,606 $0 0.00%

    Ames National Corporation/reliance State Bank lent most frequently to those with DTI ratios of Exempt%, with 109 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 81 $11,635,000 $143,642 $0 0.00%
    Not applicable 28 $3,800,000 $135,714 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.74%

    Ames National Corporation/reliance State Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.40%

    Ames National Corporation/reliance State Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 109 $15,435,000 $141,606

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    109 $15,435,000 $141,606