Ames National Corporation/reliance State Bank Mortgage Rates, Fees & Info
STORY CITY, IALEI: 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
109Origination Dollar Volume (All Markets)
$15,435,000Top 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% |
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
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
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
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 applications94.74%
Ames National Corporation/reliance State Bank has an average approval rate.
Pick Rate
Approvals leading to origination84.40%
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 |