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, Storm Lake, and Des Moines 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 average approval rate when compared to the average across all lenders. They have a below 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

    85

    Origination Dollar Volume (All Markets)

    $5,705,000

    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 68 $4,000,000 $58,824 $0 0.00%
    AMES, IA (FHA|USDA|VA) 8 $1,000,000 $125,000 $0 0.00%
    Mason City, IA (FHA|USDA|VA) 7 $405,000 $57,857 $0 0.00%
    Storm Lake, IA (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
    Ames National Corporation/reliance State Bank's top markets include Ames, Mason City, Storm Lake, 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 85 $5,705,000 $67,118 $0 0.00%

    For 2019, Ames National Corporation/reliance State Bank's most frequently originated type of loan was Conventional, with 85 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 42 $2,990,000 $71,190 $0 0.00%
    Refi 35 $2,385,000 $68,143 $0 0.00%
    Other 5 $235,000 $47,000 $0 0.00%
    Home Improvement 3 $95,000 $31,667 $0 0.00%

    For 2019, Ames National Corporation/reliance State Bank's most frequently cited loan purpose was Home Purchase, with 42 originations. The 2nd most popular reason was Refi, with 35 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 85 $5,705,000 $67,118 $0 0.00%

    For 2019, Ames National Corporation/reliance State Bank's most frequently cited loan duration was Other, with 85 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 65 $2,745,000 $42,231 $0 0.00%
    $100k-200k 18 $2,470,000 $137,222 $0 0.00%
    $200k-400k 2 $490,000 $245,000 $0 0.00%

    2019 saw Ames National Corporation/reliance State Bank place emphasis on $100,000 or less loans with 65 originations, totaling $2,745,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 23 $1,405,000 $61,087 $0 0.00%
    $75k-100k 17 $1,055,000 $62,059 $0 0.00%
    $100k-150k 15 $855,000 $57,000 $0 0.00%
    $50k-75k 7 $425,000 $60,714 $0 0.00%
    $150k-250k 1 $225,000 $225,000 $0 0.00%
    $250k+ 1 $105,000 $105,000 $0 0.00%

    Ames National Corporation/reliance State Bank lent most frequently to those with incomes in the $50k or less range, with 23 originations. The second most popular income band? $75k-100k, with 17 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 85 $5,705,000 $67,118 $0 0.00%

    Ames National Corporation/reliance State Bank lent most frequently to those with DTI ratios of Exempt%, with 85 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 65 $4,295,000 $66,077 $0 0.00%
    Not applicable 19 $1,385,000 $72,895 $0 0.00%
    Not provided 1 $25,000 $25,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    87.85%

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

    Pick Rate

    Approvals leading to origination
    89.41%

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

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 85 $5,705,000 $67,118

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 85 $5,705,000 $67,118