Think Mutual Bank Mortgage Rates, Fees & Info
Rochester, MN
LEI: 254900B9B6TYYGLOXT47
Tax ID: 41-0844117
5 stars
-
out of 5 stars, based on 44 reviews
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Mortgage Data
Bank Data
Overview
Think Mutual Bank is a
smaller
bank
specializing in
Refi, Home Purchase, and Cash Out Refi loans.
Think Mutual Bank has a high proportion of conventional loans.
Their top markets include Rochester, Minneapolis, Chicago, Red Wing, and Duluth among others. Think Mutual Bank has
an above average
approval rate for mortages when compared nationally.
They have
a below average
pick rate when compared to the same sample of other lendors.
Think Mutual Bank is typically
an average fee
lendor.
Originations
1,967
Origination Dollar Volume (All Markets)
$450,265,000
Employee count
259
Relative Rate
Think Mutual Bank's average 30 year fixed rate mortgage of loans were
3.15%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of 0%.
Relative Fees
Think Mutual Bank's average total fees for a 30 year fixed rate
mortgage are $4,268.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
|
ROCHESTER, MN (FHA|USDA|VA)
|
1,133
|
$273,965,000 |
$241,805 |
$4,086 |
2.98% |
|
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA)
|
482
|
$105,530,000 |
$218,942 |
$4,360 |
3.15% |
|
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA)
|
52
|
$9,790,000 |
$188,269 |
$3,584 |
3.05% |
|
Red Wing, MN (FHA|USDA|VA)
|
54
|
$8,840,000 |
$163,704 |
$3,360 |
3.07% |
|
Outside of Metro Areas
|
29 |
$7,305,000 |
$251,897 |
$4,105 |
3.01% |
|
DULUTH, MN-WI (FHA|USDA|VA)
|
13
|
$3,725,000 |
$286,538 |
$12,643 |
2.88% |
|
Winona, MN (FHA|USDA|VA)
|
13
|
$3,255,000 |
$250,385 |
$3,607 |
3.12% |
|
Brainerd, MN (FHA|USDA|VA)
|
13
|
$3,225,000 |
$248,077 |
$4,376 |
2.83% |
|
KANSAS CITY, MO-KS (FHA|USDA|VA)
|
21
|
$3,185,000 |
$151,667 |
$3,284 |
3.28% |
|
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA)
|
10
|
$2,660,000 |
$266,000 |
$4,030 |
2.95% |
|
Austin, MN (FHA|USDA|VA)
|
18
|
$2,610,000 |
$145,000 |
$3,231 |
3.12% |
|
Faribault-Northfield, MN (FHA|USDA|VA)
|
6
|
$1,910,000 |
$318,333 |
$7,397 |
3.06% |
|
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA)
|
8
|
$1,790,000 |
$223,750 |
$2,757 |
3.12% |
|
MADISON, WI (FHA|USDA|VA)
|
6
|
$1,770,000 |
$295,000 |
$3,153 |
3.17% |
|
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA)
|
6
|
$1,580,000 |
$263,333 |
$3,815 |
2.85% |
|
ST. LOUIS, MO-IL (FHA|USDA|VA)
|
9
|
$1,425,000 |
$158,333 |
$2,676 |
3.04% |
|
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA)
|
5
|
$1,185,000 |
$237,000 |
$5,465 |
3.15% |
|
Owatonna, MN (FHA|USDA|VA)
|
7
|
$1,115,000 |
$159,286 |
$3,675 |
2.68% |
|
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA)
|
5
|
$1,045,000 |
$209,000 |
$4,745 |
2.60% |
|
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA)
|
3
|
$955,000 |
$318,333 |
$5,709 |
2.50% |
|
Alexandria, MN (FHA|USDA|VA)
|
4
|
$940,000 |
$235,000 |
$4,647 |
2.84% |
|
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA)
|
4
|
$920,000 |
$230,000 |
$7,825 |
3.19% |
|
ST. CLOUD, MN (FHA|USDA|VA)
|
4
|
$760,000 |
$190,000 |
$4,405 |
2.88% |
|
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA)
|
1
|
$595,000 |
$595,000 |
$6,968 |
3.13% |
|
EAU CLAIRE, WI (FHA|USDA|VA)
|
4
|
$590,000 |
$147,500 |
$2,812 |
2.97% |
|
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA)
|
3
|
$575,000 |
$191,667 |
$6,471 |
3.04% |
|
THE VILLAGES, FL (FHA|USDA|VA)
|
3
|
$545,000 |
$181,667 |
$4,269 |
2.42% |
|
Watertown-Fort Atkinson, WI (FHA|USDA|VA)
|
2
|
$520,000 |
$260,000 |
$5,080 |
2.94% |
|
GRAND FORKS, ND-MN (FHA|USDA|VA)
|
2
|
$490,000 |
$245,000 |
$3,043 |
2.69% |
|
MANKATO, MN (FHA|USDA|VA)
|
2
|
$490,000 |
$245,000 |
$3,567 |
2.69% |
|
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA)
|
3
|
$465,000 |
$155,000 |
$3,329 |
3.21% |
|
WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA)
|
1
|
$445,000 |
$445,000 |
$3,206 |
2.38% |
|
SIOUX FALLS, SD (FHA|USDA|VA)
|
3
|
$415,000 |
$138,333 |
$3,292 |
3.54% |
|
TUCSON, AZ (FHA|USDA|VA)
|
3
|
$415,000 |
$138,333 |
$2,758 |
3.56% |
|
CHAMPAIGN-URBANA, IL (FHA|USDA|VA)
|
3
|
$405,000 |
$135,000 |
$3,692 |
2.88% |
|
WICHITA, KS (FHA|USDA|VA)
|
1
|
$385,000 |
$385,000 |
$3,589 |
3.00% |
|
Key West, FL (FHA|USDA|VA)
|
1
|
$345,000 |
$345,000 |
$3,501 |
2.88% |
|
CEDAR RAPIDS, IA (FHA|USDA|VA)
|
1
|
$335,000 |
$335,000 |
$4,462 |
3.00% |
|
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA)
|
3
|
$325,000 |
$108,333 |
$2,161 |
3.75% |
|
Hutchinson, MN (FHA|USDA|VA)
|
2
|
$310,000 |
$155,000 |
$4,090 |
2.63% |
|
Show Low, AZ (FHA|USDA|VA)
|
1
|
$305,000 |
$305,000 |
$6,112 |
3.13% |
|
Spirit Lake, IA (FHA|USDA|VA)
|
1
|
$285,000 |
$285,000 |
$3,491 |
2.25% |
|
LAWRENCE, KS (FHA|USDA|VA)
|
2
|
$250,000 |
$125,000 |
$3,667 |
2.94% |
|
Brookings, SD (FHA|USDA|VA)
|
1
|
$245,000 |
$245,000 |
$3,617 |
2.88% |
|
FLAGSTAFF, AZ (FHA|USDA|VA)
|
1
|
$245,000 |
$245,000 |
$4,855 |
2.50% |
|
Pierre, SD (FHA|USDA|VA)
|
1
|
$175,000 |
$175,000 |
$7,075 |
3.13% |
|
LINCOLN, NE (FHA|USDA|VA)
|
1
|
$165,000 |
$165,000 |
$4,361 |
3.13% |
|
Sebastian-Vero Beach, FL (FHA|USDA|VA)
|
1
|
$155,000 |
$155,000 |
$4,783 |
3.25% |
|
GAINESVILLE, FL (FHA|USDA|VA)
|
1
|
$135,000 |
$135,000 |
$4,508 |
2.88% |
|
RACINE, WI (FHA|USDA|VA)
|
1
|
$125,000 |
$125,000 |
$3,501 |
2.88% |
|
JANESVILLE-BELOIT, WI (FHA|USDA|VA)
|
1
|
$125,000 |
$125,000 |
$3,774 |
3.00% |
|
Albert Lea, MN (FHA|USDA|VA)
|
1
|
$115,000 |
$115,000 |
$2,582 |
2.25% |
|
JOPLIN, MO (FHA|USDA|VA)
|
1
|
$105,000 |
$105,000 |
$3,813 |
2.38% |
|
Beaver Dam, WI (FHA|USDA|VA)
|
1
|
$95,000 |
$95,000 |
$2,953 |
2.50% |
|
Ottawa, IL (FHA|USDA|VA)
|
1
|
$95,000 |
$95,000 |
$2,575 |
2.25% |
|
PORT ST. LUCIE, FL (FHA|USDA|VA)
|
1
|
$95,000 |
$95,000 |
$0 |
3.25% |
|
SIOUX CITY, IA-NE-SD (FHA|USDA|VA)
|
1
|
$95,000 |
$95,000 |
$3,063 |
2.25% |
|
EVANSVILLE, IN-KY (FHA|USDA|VA)
|
1
|
$65,000 |
$65,000 |
$513 |
5.29% |
|
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA)
|
1
|
$65,000 |
$65,000 |
$2,511 |
2.25% |
|
MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA)
|
1
|
$65,000 |
$65,000 |
$2,528 |
2.38% |
|
ROCKFORD, IL (FHA|USDA|VA)
|
1
|
$55,000 |
$55,000 |
$0 |
3.25% |
|
BLOOMINGTON, IL (FHA|USDA|VA)
|
1
|
$45,000 |
$45,000 |
$0 |
3.25% |
|
OCALA, FL (FHA|USDA|VA)
|
1
|
$25,000 |
$25,000 |
$0 |
3.25% |
Think Mutual Bank's top markets include Rochester, Minneapolis, Chicago, Red Wing, and Duluth among others.
Product Mix
| Loan Type |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| Conventional |
1,967 |
$450,265,000 |
$228,910 |
$4,150 |
3.03% |
For the 2021 period, Think Mutual Bank's most frequently
originated loan type
of loans were Conventional, with 1,967 originations.
Loan Reason
| Loan Reason |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| Refi |
601 |
$143,695,000 |
$239,093 |
$3,990 |
2.76% |
| Home Purchase |
519 |
$168,125,000 |
$323,940 |
$4,969 |
2.99% |
| Cash Out Refi |
426 |
$100,240,000 |
$235,305 |
$3,880 |
2.81% |
| Home Improvement |
420 |
$37,890,000 |
$90,214 |
$2,531 |
3.68% |
| Other |
1 |
$315,000 |
$315,000 |
$3,463 |
2.50% |
For the 2021, Think Mutual Bank's most frequently cited loan
purpose
of loans were Refi, with 601
originations.
The 2nd most popular reason of loans were Home Purchase,
with 519 originations.
Loan Duration/Length
| Loan Length |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| 30 Year |
1,125 |
$258,415,000 |
$229,702 |
$4,268 |
3.15% |
| 15 Year |
477 |
$115,405,000 |
$241,939 |
$3,371 |
2.52% |
| 20 Year |
189 |
$41,535,000 |
$219,762 |
$3,281 |
3.35% |
| 10 Year |
130 |
$15,950,000 |
$122,692 |
$2,172 |
3.18% |
| 30+ year |
20 |
$15,520,000 |
$776,000 |
$40,836 |
3.23% |
| 5 Year |
14 |
$650,000 |
$46,429 |
$226 |
4.41% |
| Other |
11 |
$2,715,000 |
$246,818 |
$4,765 |
3.52% |
| 3 Year |
1 |
$75,000 |
$75,000 |
$0 |
3.99% |
For the 2021, Think Mutual Bank's most frequently cited loan
length
of loans were 30 Year, with 1,125 originations.
The 2nd most popular length of loans were 15 Year,
with 477 originations.
Origination Fees
| Origination Fee |
Originations |
Total Value |
Average Loan |
| $1k-2k |
878 |
$255,370,000 |
$290,854 |
| $2k-3k |
395 |
$90,485,000 |
$229,076 |
| $3k-4k |
166 |
$50,120,000 |
$301,928 |
| $<1k |
163 |
$16,965,000 |
$104,080 |
| $5k+ |
35 |
$16,205,000 |
$463,000 |
$4,268 of loans were Think Mutual Bank's
average total fees, while their most
frequently occuring range of origination fees were in the
$1k-2k bucket,
with 878 originations.
Interest Rates
| Loan Rate |
Originations |
Total Value |
Average Loan |
| 3-4% |
761 |
$144,715,000 |
$190,164 |
| 2.5-3% |
603 |
$178,585,000 |
$296,161 |
| <2.5% |
492 |
$120,630,000 |
$245,183 |
| 4-5% |
58 |
$2,840,000 |
$48,966 |
| 5-6% |
53 |
$3,495,000 |
$65,943 |
During 2021, Think Mutual Bank's average interest
rate of loans were 3.15%, while their
most frequently originated rate bucket of loans were 3-4%,
with 761 originations.
Loan Sizing
| Loan Size |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| $200k-400k |
671 |
$184,445,000 |
$274,881 |
$4,271 |
2.88% |
| $100k-200k |
563 |
$83,955,000 |
$149,121 |
$3,498 |
2.89% |
| $100,000 or less |
495 |
$27,755,000 |
$56,071 |
$1,485 |
3.51% |
| $400k-600k |
141 |
$66,625,000 |
$472,518 |
$5,938 |
2.85% |
| $600k-1MM |
69 |
$50,475,000 |
$731,522 |
$11,920 |
2.70% |
| $1MM+ |
28 |
$37,010,000 |
$1,321,786 |
$6,357 |
2.75% |
2021 saw Think Mutual Bank place emphasis on
$200k-400k loans
with 671 originations, totaling
$184,445,000 in origination value.
Applicant Income
| Applicant Income |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| $100k-150k |
510 |
$107,290,000 |
$210,373 |
$4,342 |
3.07% |
| $150k-250k |
416 |
$95,070,000 |
$228,534 |
$4,613 |
3.09% |
| $50k-75k |
336 |
$55,360,000 |
$164,762 |
$3,508 |
3.03% |
| $75k-100k |
318 |
$57,700,000 |
$181,447 |
$3,487 |
3.04% |
| $250k+ |
224 |
$116,070,000 |
$518,170 |
$5,838 |
2.79% |
| $50k or less |
156 |
$18,000,000 |
$115,385 |
$2,959 |
3.05% |
Think Mutual Bank lent most frequently to those with incomes in the
$100k-150k range, with
510 originations.
The second most popular income band? $150k-250k,
with 416 originations.
Applicant Debt to Income Ratio
| DTI Ratio |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| 20-30% |
632 |
$145,060,000 |
$229,525 |
$4,191 |
2.99% |
| <20% |
392 |
$103,530,000 |
$264,107 |
$4,553 |
2.83% |
| 30-36% |
364 |
$80,090,000 |
$220,027 |
$3,943 |
3.14% |
| 37% |
72 |
$15,500,000 |
$215,278 |
$3,615 |
3.11% |
| 39% |
59 |
$10,035,000 |
$170,085 |
$3,857 |
3.19% |
| 40% |
57 |
$13,815,000 |
$242,368 |
$5,519 |
3.15% |
| 36% |
56 |
$14,620,000 |
$261,071 |
$3,904 |
3.04% |
| 41% |
50 |
$9,170,000 |
$183,400 |
$3,537 |
3.34% |
| 42% |
47 |
$7,705,000 |
$163,936 |
$3,520 |
3.18% |
| 38% |
44 |
$10,890,000 |
$247,500 |
$3,880 |
3.28% |
| 43% |
35 |
$7,315,000 |
$209,000 |
$3,836 |
3.03% |
| 44% |
28 |
$5,470,000 |
$195,357 |
$3,695 |
3.01% |
| 47% |
25 |
$4,725,000 |
$189,000 |
$3,660 |
3.15% |
| 46% |
23 |
$5,875,000 |
$255,435 |
$4,242 |
3.05% |
| 48% |
23 |
$5,245,000 |
$228,043 |
$4,137 |
2.91% |
| 45% |
22 |
$5,430,000 |
$246,818 |
$3,603 |
3.05% |
| 49% |
22 |
$4,370,000 |
$198,636 |
$3,401 |
3.14% |
| 50-60% |
7 |
$505,000 |
$72,143 |
$3,958 |
3.30% |
| >60% |
2 |
$140,000 |
$70,000 |
$0 |
3.50% |
Think Mutual Bank lent most frequently to those with DTI ratios
of 20-30%, with
632 originations.
The next most common DTI ratio? <20%,
with 392 originations.
Ethnicity Mix
| Applicant Ethnicity |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| White |
1,626 |
$366,700,000 |
$225,523 |
$4,164 |
3.01% |
| Not provided |
247 |
$56,505,000 |
$228,765 |
$4,182 |
3.22% |
| Asian |
53 |
$19,345,000 |
$365,000 |
$3,920 |
2.86% |
| Black |
24 |
$4,930,000 |
$205,417 |
$4,021 |
2.99% |
| American Indian |
8 |
$1,530,000 |
$191,250 |
$3,148 |
2.79% |
| Not applicable |
7 |
$775,000 |
$110,714 |
$0 |
3.66% |
| Native Hawaiian |
2 |
$480,000 |
$240,000 |
$3,156 |
2.56% |
Approval Rates
Total approvals of all applications
94.58%
Think Mutual Bank has an average approval rate.
Pick Rate
Approvals leading to origination
78.74%
Think Mutual Bank has a below average pick rate.
Points and Fees
| Points |
Originations |
Total Value |
Average Loan |
| NA |
1,967 |
$450,265,000 |
$228,910 |
Occupancy Type Mix
| Dwelling Type |
Originations |
Total Value |
Average Loan |
|
1,967 |
$450,265,000 |
$228,910 |
LTV Distribution
| Loan to Value |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| 20-40% |
222 |
$24,440,000 |
$110,090 |
$3,175 |
3.10% |
| 40-60% |
363 |
$71,205,000 |
$196,157 |
$3,837 |
2.67% |
| 60-80% |
598 |
$164,300,000 |
$274,749 |
$4,440 |
2.87% |
| 80-100% |
449 |
$173,495,000 |
$386,403 |
$5,110 |
2.99% |
| Under 20% |
335 |
$16,825,000 |
$50,224 |
$550 |
3.73% |
Complaints
| Bank Name |
Product |
Issue |
2021 CPFB Complaints |
% of Total Issues |
| Timios, Inc. |
Conventional home mortgage |
Trouble during payment process |
1 |
100.0% |
Bank Details
Branches
| Bank Name |
Branch |
Branch Type |
Deposits (000's) |
| Think Mutual Bank |
4638 Maine Avenue Se Rochester, MN 55904 |
Full Service B&M
|
$112,087 |
| Think Mutual Bank |
5200 Members Parkway, Nw Rochester, MN 55901 |
Full Service B&M
|
$636,247 |
| Think Mutual Bank |
5201 Members Pkwy Nw Rochester, MN 55901 |
Full Service B&M
|
$278,824 |
| Think Mutual Bank |
15751 Emperor Ave Apple Valley, MN 55124 |
Full Service B&M
|
$59,024 |
| Think Mutual Bank |
1698 Greenview Drive Sw Rochester, MN 55901 |
Full Service B&M
|
$231,120 |
| Think Mutual Bank |
221 1st Ave Sw Suite 101 Rochester, MN 55902 |
Full Service B&M
|
$26,213 |
| Think Mutual Bank |
253 Penny Lane Ne Rochester, MN 55906 |
Full Service B&M
|
$255,196 |
| Think Mutual Bank |
3655 Hazelton Road Edina, MN 55435 |
Full Service B&M
|
$137,132 |
| Think Mutual Bank |
4245 Johnny Cake Ridge Rd Eagan, MN 55122 |
Full Service B&M
|
$71,850 |
For 2021, Think Mutual Bank had 9 branches.
Yearly Performance Overview
Bank Income
Think Mutual Bank's gross interest income from loans was $54,166,000.
Think Mutual Bank's net interest income from loans was $50,671,000.
Think Mutual Bank's fee based income from loans was $972,000.
Think Mutual Bank's net income from loans was $18,983,000.
Bank Expenses
| Item |
Value (in 000's) |
| Total interest expense |
$3,495 |
| Provision for credit losses |
$-720 |
| Total noninterest expense |
$50,727 |
| Salaries and employee benefits |
$29,488 |
| Premises and equipment expense |
$5,293 |
| Additional noninterest expense |
$15,946 |
| Applicable income taxes |
$6,739 |
| Net charge-offs |
$442 |
| Cash dividends |
$0 |
Think Mutual Bank's interest expense for loans was $3,495,000.
Think Mutual Bank's payroll and benefits expense were $29,488,000.
Think Mutual Bank's property, plant and equipment expenses $5,293,000.
Deposits
| Type |
Value (in 000's) |
| Total deposits |
$1,894,803 |
| Deposits held in domestic offices |
$1,894,803 |
| Deposits by Individuals, partnerships, and corporations |
$1,894,803 |
| Deposits by U.S. Government |
$0 |
| Deposits by States and political subdivisions in the U.S. |
$0 |
| Deposits by Commercial banks and other depository institutions in U.S. |
$0 |
| Deposits by Banks in foreign countries |
$0 |
| Deposits by Foreign governments and official institutions |
$0 |
| Transaction accounts |
$126,475 |
| Demand deposits |
$45,766 |
| Nontransaction accounts |
$1,768,328 |
| Money market deposit accounts (MMDAs) |
$478,455 |
| Other savings deposits (excluding MMDAs) |
$1,108,825 |
| Total time deposits |
$181,047 |
| Total time and savings deposits |
$1,849,037 |
| Noninterest-bearing deposits |
$182,853 |
| Interest-bearing deposits |
$1,711,950 |
| Retail deposits |
$1,882,173 |
| IRAs and Keogh plan accounts |
$42,689 |
| Brokered deposits |
$0 |
| Deposits held in foreign offices |
$0 |
Assets
| Asset |
Value (in 000's) |
| Total Assets |
$2,224,529 |
| Cash & Balances due from depository institutions |
$216,668 |
| Interest-bearing balances |
$206,989 |
| Total securities |
$705,747 |
| Federal funds sold & reverse repurchase |
$0 |
| Net loans and leases |
$1,197,550 |
| Loan and leases loss allowance |
$5,816 |
| Trading account assets |
$0 |
| Bank premises and fixed assets |
$36,787 |
| Other real estate owned |
$0 |
| Goodwill and other intangibles |
$4,425 |
| All other assets |
$63,352 |
Liabilities
| Liabilities |
Value (in 000's) |
| Total liabilities and capital |
$2,224,529 |
| Total Liabilities |
$1,912,419 |
| Total deposits |
$1,894,803 |
| Interest-bearing deposits |
$1,711,950 |
| Deposits held in domestic offices |
$1,894,803 |
| % insured (estimated) |
$94 |
| Federal funds purchased and repurchase agreements |
$0 |
| Trading liabilities |
$0 |
| Other borrowed funds |
$0 |
| Subordinated debt |
$0 |
| All other liabilities |
$17,616 |
Issued Loan Types
| Type |
Value (in 000's) |
| Net loans and leases |
$1,197,550 |
| Loan and leases loss allowance |
$5,816 |
| Total loans and leases (domestic) |
$1,203,366 |
| All real estate loans |
$1,004,501 |
| Real estate loans in domestic offices |
$1,004,501 |
| Construction and development loans |
$11,809 |
| Residential 1-4 family construction |
$9,737 |
| Other construction, all land development and other land |
$2,072 |
| Loans secured by nonfarm nonresidential properties |
$52,089 |
| Nonfarm nonresidential secured by owner-occupied properties |
$5,795 |
| Commercial real estate & other non-farm, non-residential |
$46,294 |
| Multifamily residential real estate |
$12,276 |
| 1-4 family residential loans |
$928,327 |
| Farmland loans |
$0 |
| Loans held in foreign offices |
$0 |
| Farm loans |
$0 |
| Commercial and industrial loans |
$17,007 |
| To non-U.S. addressees |
$0 |
| Loans to individuals |
$181,858 |
| Credit card loans |
$0 |
| Related Plans |
$0 |
| Consumer Auto Loans |
$147,936 |
| Other loans to individuals |
$33,922 |
| All other loans & leases |
$0 |
| Loans to foreign governments and official institutions |
$0 |
| Other loans |
$0 |
| Loans to depository institutions and acceptances of other banks |
$0 |
| Loans not secured by real estate |
$0 |
| Loans secured by real estate to non-U.S. addressees |
$0 |
| Restructured Loans & leases |
$23 |
| Non 1-4 family restructured loans & leases |
$23 |
| Total loans and leases (foreign) |
$0 |
Think Mutual Bank had $1,197,550,000 of loans outstanding in 2021. $1,004,501,000 of loans were in real estate loans.
$11,809,000 of loans were in development loans. $12,276,000 of loans were in multifamily mortgage loans.
$928,327,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0
of loans were in credit card loans. $147,936,000 of loans were in the auto loan category.
Small Business Loans
| Categorization |
# of Loans in Category |
$ amount of loans (in 000's) |
Average $/loan |
| Nonfarm, nonresidential loans - <$1MM |
42 |
$14,222 |
$338,619 |
| Nonfarm, nonresidential loans - <$100k |
2 |
$69 |
$34,500 |
| Nonfarm, nonresidential loans - $100-250k |
8 |
$855 |
$106,875 |
| Nonfarm, nonresidential loans - $250k-1MM |
32 |
$13,298 |
$415,563 |
| Commercial & Industrial, US addressed loans - <$1MM |
613 |
$16,464 |
$26,858 |
| Commercial & Industrial, US addressed loans - <$100k |
549 |
$5,754 |
$10,481 |
| Commercial & Industrial, US addressed loans - $100-250k |
35 |
$2,942 |
$84,057 |
| Commercial & Industrial, US addressed loans - $250k-1MM |
29 |
$7,768 |
$267,862 |
