Trailwest Bank Mortgage Rates, Fees & Info

Lolo, MT

LEI: 5493002BECVKN2TJ6H05

Tax ID: 81-0402347

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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)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Trailwest Bank is a smaller bank specializing in Home Purchase and Refi loans. Trailwest Bank has a high proportion of conventional loans. Their top markets by origination volume include: Missoula, Kalispell, Bozeman, Flagstaff, and Elko among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Trailwest 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

    187

    Origination Dollar Volume (All Markets)

    $44,375,000

    Employee count

    155

    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 65 $15,345,000 $236,077 $0 0.00%
    MISSOULA, MT (FHA|USDA|VA) 63 $13,785,000 $218,810 $0 0.00%
    Kalispell, MT (FHA|USDA|VA) 54 $11,830,000 $219,074 $0 0.00%
    Bozeman, MT (FHA|USDA|VA) 2 $2,340,000 $1,170,000 $0 0.00%
    FLAGSTAFF, AZ (FHA|USDA|VA) 1 $455,000 $455,000 $0 0.00%
    Elko, NV (FHA|USDA|VA) 1 $425,000 $425,000 $0 0.00%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
    Trailwest Bank's top markets include Missoula, Kalispell, Bozeman, Flagstaff, and Elko among others.

    Their top states include:
  • Montana (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 187 $44,375,000 $237,299 $0 0.00%

    For 2018, Trailwest Bank's most frequently originated type of loan was Conventional, with 187 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 116 $30,900,000 $266,379 $0 0.00%
    Refi 51 $11,465,000 $224,804 $0 0.00%
    Home Improvement 12 $1,320,000 $110,000 $0 0.00%
    Other 8 $690,000 $86,250 $0 0.00%

    For 2018, Trailwest Bank's most frequently cited loan purpose was Home Purchase, with 116 originations. The 2nd most popular reason was Refi, with 51 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 187 $44,375,000 $237,299 $0 0.00%

    For 2018, Trailwest Bank's most frequently cited loan duration was Other, with 187 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 66 $17,230,000 $261,061 $0 0.00%
    $100k-200k 60 $9,180,000 $153,000 $0 0.00%
    $100,000 or less 33 $1,675,000 $50,758 $0 0.00%
    $400k-600k 21 $9,705,000 $462,143 $0 0.00%
    $600k-1MM 5 $3,915,000 $783,000 $0 0.00%
    $1MM+ 2 $2,670,000 $1,335,000 $0 0.00%

    2018 saw Trailwest Bank place emphasis on $200k-400k loans with 66 originations, totaling $17,230,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 41 $7,375,000 $179,878 $0 0.00%
    $50k or less 30 $3,180,000 $106,000 $0 0.00%
    $100k-150k 25 $6,445,000 $257,800 $0 0.00%
    $75k-100k 24 $4,250,000 $177,083 $0 0.00%
    $150k-250k 21 $7,505,000 $357,381 $0 0.00%
    $250k+ 17 $6,585,000 $387,353 $0 0.00%

    Trailwest Bank lent most frequently to those with incomes in the $50k-75k range, with 41 originations. The second most popular income band? $50k or less, with 30 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 187 $44,375,000 $237,299 $0 0.00%

    Trailwest Bank lent most frequently to those with DTI ratios of Exempt%, with 187 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 152 $34,970,000 $230,066 $0 0.00%
    Not applicable 22 $6,920,000 $314,545 $0 0.00%
    Not provided 8 $1,760,000 $220,000 $0 0.00%
    American Indian 4 $540,000 $135,000 $0 0.00%
    Native Hawaiian or Islander 1 $185,000 $185,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    83.27%

    Trailwest Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    80.21%

    Trailwest Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 187 $44,375,000 $237,299

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $775,000 $775,000
    Multifamily:Site-Built 4 $2,160,000 $540,000
    Single Family (1-4 Units):Manufactured 23 $2,255,000 $98,043
    Single Family (1-4 Units):Site-Built 159 $39,185,000 $246,447

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    TrailWest Bank 1070 Eastside Hwy Corvallis, MT 59828 Full Service B&M $21,591
    TrailWest Bank 11300 U.S. Highway 93 S. Ste D Lolo, MT 59847 Full Service B&M $93,486
    TrailWest Bank 1131 North 1st Street Hamilton, MT 59840 Full Service Retail $8,996
    TrailWest Bank 16600 Beckwith St Frenchtown, MT 59834 Full Service B&M $32,952
    TrailWest Bank 200 River Street Superior, MT 59872 Full Service B&M $34,322
    TrailWest Bank 218 E. Main Street Missoula, MT 59802 Full Service B&M $0
    TrailWest Bank 222 West Idaho Street Kalispell, MT 59901 Full Service B&M $32,905
    TrailWest Bank 2425 West Broadway Street Missoula, MT 59808 Full Service B&M $0
    TrailWest Bank 244 West Pinckney Hamilton, MT 59840 Full Service B&M $134,947
    TrailWest Bank 2575 Dearborn Avenue Missoula, MT 59804 Full Service B&M $9,427
    TrailWest Bank 2604 Highway 2 East Kalispell, MT 59901 Limited, Drive-thru $0
    TrailWest Bank 39 Stevensville Cutoff Road Stevensville, MT 59870 Full Service Retail $14,394
    TrailWest Bank 5600 Airway Boulevard Missoula, MT 59808 Full Service B&M $13,447
    TrailWest Bank 651 Montana Highway 135 Saint Regis, MT 59866 Full Service B&M $0
    TrailWest Bank 7676 Montana 200 Missoula, MT 59802 Full Service B&M $24,340

    For 2018, Trailwest Bank had 15 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $24,653
    Net interest income $20,598
    Total noninterest income $2,015
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $588
    Trading account gains and fees $0
    Additional Noninterest Income $1,427
    Pre-tax net operating income $8,002
    Securities gains (or losses, -) $13
    Income before extraordinary items $8,015
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $8,015
    Minority interest net income $0
    Net income $8,015
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $8,002

    Trailwest Bank's gross interest income from loans was $24,653,000.
    Trailwest Bank's net interest income from loans was $20,598,000.
    Trailwest Bank's fee based income from loans was $588,000.
    Trailwest Bank's net income from loans was $8,015,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,055
    Provision for credit losses $561
    Total noninterest expense $14,050
    Salaries and employee benefits $9,113
    Premises and equipment expense $2,079
    Additional noninterest expense $2,858
    Applicable income taxes $0
    Net charge-offs $-189
    Cash dividends $500

    Trailwest Bank's interest expense for loans was $4,055,000.
    Trailwest Bank's payroll and benefits expense were $9,113,000.
    Trailwest Bank's property, plant and equipment expenses $2,079,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $437,006
    Deposits held in domestic offices $437,006
    Deposits by Individuals, partnerships, and corporations $413,568
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $4,518
    Deposits by Commercial banks and other depository institutions in U.S. $18,920
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $59,451
    Demand deposits $35,825
    Nontransaction accounts $377,555
    Money market deposit accounts (MMDAs) $17,984
    Other savings deposits (excluding MMDAs) $290,453
    Total time deposits $69,118
    Total time and savings deposits $401,181
    Noninterest-bearing deposits $115,899
    Interest-bearing deposits $321,107
    Retail deposits $420,579
    IRAs and Keogh plan accounts $12,973
    Brokered deposits $2,593
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $571,880
    Cash & Balances due from depository institutions $38,360
    Interest-bearing balances $26,518
    Total securities $21,242
    Federal funds sold & reverse repurchase $697
    Net loans and leases $480,755
    Loan and leases loss allowance $6,650
    Trading account assets $0
    Bank premises and fixed assets $13,985
    Other real estate owned $0
    Goodwill and other intangibles $121
    All other assets $16,720

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $571,880
    Total Liabilities $517,164
    Total deposits $437,006
    Interest-bearing deposits $321,107
    Deposits held in domestic offices $437,006
    % insured (estimated) $84
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $75,500
    Subordinated debt $0
    All other liabilities $4,658

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $480,755
    Loan and leases loss allowance $6,650
    Total loans and leases (domestic) $487,405
    All real estate loans $400,425
    Real estate loans in domestic offices $400,425
    Construction and development loans $39,088
    Residential 1-4 family construction $12,380
    Other construction, all land development and other land $26,708
    Loans secured by nonfarm nonresidential properties $118,356
    Nonfarm nonresidential secured by owner-occupied properties $72,043
    Commercial real estate & other non-farm, non-residential $46,313
    Multifamily residential real estate $21,308
    1-4 family residential loans $183,279
    Farmland loans $38,394
    Loans held in foreign offices $0
    Farm loans $10,154
    Commercial and industrial loans $63,090
    To non-U.S. addressees $0
    Loans to individuals $13,299
    Credit card loans $0
    Related Plans $67
    Consumer Auto Loans $5,450
    Other loans to individuals $7,782
    All other loans & leases $437
    Loans to foreign governments and official institutions $0
    Other loans $323
    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 $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    TrailWest Bank had $480,755,000 of loans outstanding in 2018. $400,425,000 of loans were in real estate loans. $39,088,000 of loans were in development loans. $21,308,000 of loans were in multifamily mortgage loans. $183,279,000 of loans were in 1-4 family mortgage loans. $10,154,000 of loans were in farm loans. $0 of loans were in credit card loans. $5,450,000 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 274 $61,591 $224,785
    Nonfarm, nonresidential loans - <$100k 51 $2,154 $42,235
    Nonfarm, nonresidential loans - $100-250k 89 $11,216 $126,022
    Nonfarm, nonresidential loans - $250k-1MM 134 $48,221 $359,858
    Commercial & Industrial, US addressed loans - <$1MM 859 $41,528 $48,345
    Commercial & Industrial, US addressed loans - <$100k 686 $13,465 $19,628
    Commercial & Industrial, US addressed loans - $100-250k 113 $11,038 $97,681
    Commercial & Industrial, US addressed loans - $250k-1MM 60 $17,025 $283,750
    Farmland loans - <$1MM 45 $7,684 $170,756
    Farmland loans - <$100k 9 $510 $56,667
    Farmland loans - $100-250k 20 $2,410 $120,500
    Farmland loans - $250k-1MM 16 $4,764 $297,750
    Agriculture operations loans - <$1MM 88 $5,351 $60,807
    Agriculture operations loans - <$100k 63 $1,561 $24,778
    Agriculture operations loans - $100-250k 15 $1,332 $88,800
    Agriculture operations loans - $250k-1MM 10 $2,458 $245,800