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

STORY CITY, IA

LEI: 25490003YGASV5ENH153

Tax ID: 42-0482700

Latest/2023 | 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 and Refi loans. Ames National Corporation/reliance State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Ames, Mason City, Chicago, Oskaloosa, and Des Moines among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Ames National Corporation/reliance State Bank has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    84

    Origination Dollar Volume (All Markets)

    $6,060,000

    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 59 $3,795,000 $64,322 $0 0.00%
    AMES, IA (FHA|USDA|VA) 12 $1,060,000 $88,333 $0 0.00%
    Mason City, IA (FHA|USDA|VA) 9 $625,000 $69,444 $0 0.00%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $345,000 $345,000 $0 0.00%
    Oskaloosa, IA (FHA|USDA|VA) 2 $220,000 $110,000 $0 0.00%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 1 $15,000 $15,000 $0 0.00%
    Ames National Corporation/reliance State Bank's top markets include Ames, Mason City, Chicago, Oskaloosa, and Des Moines among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 84 $6,060,000 $72,143 $0 0.00%

    For 2018, Ames National Corporation/reliance State Bank's most frequently originated type of loan was Conventional, with 84 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 44 $3,700,000 $84,091 $0 0.00%
    Refi 27 $1,865,000 $69,074 $0 0.00%
    Home Improvement 8 $350,000 $43,750 $0 0.00%
    Other 5 $145,000 $29,000 $0 0.00%

    For 2018, Ames National Corporation/reliance State Bank's most frequently cited loan purpose was Home Purchase, with 44 originations. The 2nd most popular reason was Refi, with 27 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 84 $6,060,000 $72,143 $0 0.00%

    For 2018, Ames National Corporation/reliance State Bank's most frequently cited loan duration was Other, with 84 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 67 $2,875,000 $42,910 $0 0.00%
    $100k-200k 11 $1,585,000 $144,091 $0 0.00%
    $200k-400k 6 $1,600,000 $266,667 $0 0.00%

    2018 saw Ames National Corporation/reliance State Bank place emphasis on $100,000 or less loans with 67 originations, totaling $2,875,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 24 $1,000,000 $41,667 $0 0.00%
    $50k-75k 22 $1,710,000 $77,727 $0 0.00%
    $100k-150k 9 $695,000 $77,222 $0 0.00%
    $75k-100k 9 $765,000 $85,000 $0 0.00%
    $150k-250k 4 $510,000 $127,500 $0 0.00%

    Ames National Corporation/reliance State Bank lent most frequently to those with incomes in the $50k or less range, with 24 originations. The second most popular income band? $50k-75k, with 22 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 84 $6,060,000 $72,143 $0 0.00%

    Ames National Corporation/reliance State Bank lent most frequently to those with DTI ratios of Exempt%, with 84 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 67 $4,855,000 $72,463 $0 0.00%
    Not applicable 13 $1,015,000 $78,077 $0 0.00%
    Not provided 4 $190,000 $47,500 $0 0.00%

    Approval Rates

    Total approvals of all applications
    86.79%

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

    Pick Rate

    Approvals leading to origination
    90.48%

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

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 84 $6,060,000 $72,143

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 2 $130,000 $65,000
    Single Family (1-4 Units):Site-Built 82 $5,930,000 $72,317