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

STORY CITY, IA

LEI: 25490003YGASV5ENH153

Tax ID: 42-0482700

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Ames National Corporation/reliance State Bank is a smaller bank specializing in Home Purchase 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, and Fort Dodge among others. We have data for 5 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

    69

    Origination Dollar Volume (All Markets)

    $12,345,000

    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 44 $7,930,000 $180,227 $0 0.00%
    Mason City, IA (FHA|USDA|VA) 14 $2,880,000 $205,714 $0 0.00%
    AMES, IA (FHA|USDA|VA) 9 $1,385,000 $153,889 $0 0.00%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
    Fort Dodge, IA (FHA|USDA|VA) 1 $15,000 $15,000 $0 0.00%
    Ames National Corporation/reliance State Bank's top markets include Mason City, Ames, Des Moines, and Fort Dodge among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 69 $12,345,000 $178,913 $0 0.00%

    For 2024, Ames National Corporation/reliance State Bank's most frequently originated type of loan was Conventional, with 69 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 41 $9,525,000 $232,317 $0 0.00%
    Home Improvement 16 $1,100,000 $68,750 $0 0.00%
    Refi 9 $1,485,000 $165,000 $0 0.00%
    Other 3 $235,000 $78,333 $0 0.00%

    For 2024, Ames National Corporation/reliance State Bank's most frequently cited loan purpose was Home Purchase, with 41 originations. The 2nd most popular reason was Home Improvement, with 16 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 69 $12,345,000 $178,913 $0 0.00%

    For 2024, Ames National Corporation/reliance State Bank's most frequently cited loan duration was Other, with 69 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 29 $1,315,000 $45,345 $0 0.00%
    $200k-400k 18 $5,010,000 $278,333 $0 0.00%
    $100k-200k 17 $2,545,000 $149,706 $0 0.00%
    $600k-1MM 4 $2,990,000 $747,500 $0 0.00%
    $400k-600k 1 $485,000 $485,000 $0 0.00%

    2024 saw Ames National Corporation/reliance State Bank place emphasis on $100,000 or less loans with 29 originations, totaling $1,315,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 12 $1,600,000 $133,333 $0 0.00%
    $150k-250k 9 $1,875,000 $208,333 $0 0.00%
    $50k-75k 9 $815,000 $90,556 $0 0.00%
    $75k-100k 9 $1,125,000 $125,000 $0 0.00%
    $250k+ 8 $1,480,000 $185,000 $0 0.00%
    $50k or less 5 $365,000 $73,000 $0 0.00%

    Ames National Corporation/reliance State Bank lent most frequently to those with incomes in the $100k-150k range, with 12 originations. The second most popular income band? $150k-250k, with 9 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 69 $12,345,000 $178,913 $0 0.00%

    Ames National Corporation/reliance State Bank lent most frequently to those with DTI ratios of Exempt%, with 69 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 51 $7,075,000 $138,725 $0 0.00%
    Not applicable 17 $5,085,000 $299,118 $0 0.00%
    Not provided 1 $185,000 $185,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.86%

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

    Pick Rate

    Approvals leading to origination
    85.51%

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

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 69 $12,345,000 $178,913

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    69 $12,345,000 $178,913