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. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Kalispell, Missoula, Helena, Bozeman, and Butte 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 above 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

    303

    Origination Dollar Volume (All Markets)

    $76,835,000

    Employee count

    167

    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 139 $34,645,000 $249,245 $0 0.00%
    Kalispell, MT (FHA|USDA|VA) 77 $21,495,000 $279,156 $0 0.00%
    MISSOULA, MT (FHA|USDA|VA) 80 $18,720,000 $234,000 $0 0.00%
    Helena, MT (FHA|USDA|VA) 3 $595,000 $198,333 $0 0.00%
    Bozeman, MT (FHA|USDA|VA) 1 $505,000 $505,000 $0 0.00%
    Butte-Silver Bow, MT (FHA|USDA|VA) 2 $480,000 $240,000 $0 0.00%
    GREAT FALLS, MT (FHA|USDA|VA) 1 $395,000 $395,000 $0 0.00%
    Trailwest Bank's top markets include Kalispell, Missoula, Helena, Bozeman, and Butte among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 302 $76,330,000 $252,748 $0 0.00%
    FHA 1 $505,000 $505,000 $0 0.00%

    For 2020, Trailwest Bank's most frequently originated type of loan was Conventional, with 302 originations. Their 2nd most popular type was FHA, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 146 $41,360,000 $283,288 $0 0.00%
    Refi 136 $33,490,000 $246,250 $0 0.00%
    Home Improvement 13 $1,015,000 $78,077 $0 0.00%
    Other 8 $970,000 $121,250 $0 0.00%

    For 2020, Trailwest Bank's most frequently cited loan purpose was Home Purchase, with 146 originations. The 2nd most popular reason was Refi, with 136 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 303 $76,835,000 $253,581 $0 0.00%

    For 2020, Trailwest Bank's most frequently cited loan duration was Other, with 303 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 115 $31,725,000 $275,870 $0 0.00%
    $100k-200k 89 $13,455,000 $151,180 $0 0.00%
    $100,000 or less 54 $3,340,000 $61,852 $0 0.00%
    $400k-600k 32 $15,400,000 $481,250 $0 0.00%
    $600k-1MM 9 $6,985,000 $776,111 $0 0.00%
    $1MM+ 4 $5,930,000 $1,482,500 $0 0.00%

    2020 saw Trailwest Bank place emphasis on $200k-400k loans with 115 originations, totaling $31,725,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 65 $11,495,000 $176,846 $0 0.00%
    $100k-150k 52 $13,030,000 $250,577 $0 0.00%
    $50k or less 50 $6,230,000 $124,600 $0 0.00%
    $75k-100k 40 $9,100,000 $227,500 $0 0.00%
    $150k-250k 34 $10,610,000 $312,059 $0 0.00%
    $250k+ 33 $17,625,000 $534,091 $0 0.00%

    Trailwest Bank lent most frequently to those with incomes in the $50k-75k range, with 65 originations. The second most popular income band? $100k-150k, with 52 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 303 $76,835,000 $253,581 $0 0.00%

    Trailwest Bank lent most frequently to those with DTI ratios of Exempt%, with 303 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 265 $65,195,000 $246,019 $0 0.00%
    Not applicable 15 $5,205,000 $347,000 $0 0.00%
    Not provided 15 $4,795,000 $319,667 $0 0.00%
    Asian 3 $795,000 $265,000 $0 0.00%
    Other Pacific Islander 2 $450,000 $225,000 $0 0.00%
    American Indian 2 $320,000 $160,000 $0 0.00%
    Native Hawaiian 1 $75,000 $75,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.00%

    Trailwest Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    87.46%

    Trailwest Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 303 $76,835,000 $253,581

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $2,610,000 $652,500
    Single Family (1-4 Units):Manufactured 39 $4,915,000 $126,026
    Single Family (1-4 Units):Site-Built 260 $69,310,000 $266,577

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Trailwest Bank 222 West Idaho Street Kalispell, MT 59901 Full Service B&M $54,812
    Trailwest Bank 1070 Eastside Hwy Corvallis, MT 59828 Full Service B&M $30,255
    Trailwest Bank 11300 U.S. Highway 93 S. Ste D, Lolo Shopping Center Lolo, MT 59847 Full Service B&M $133,407
    Trailwest Bank 1131 North 1st Street Hamilton, MT 59840 Full Service Retail $12,606
    Trailwest Bank 16600 Beckwith St Frenchtown, MT 59834 Full Service B&M $45,706
    Trailwest Bank 200 River Street Superior, MT 59872 Full Service B&M $54,340
    Trailwest Bank 218 E. Main Street Missoula, MT 59802 Full Service B&M $0
    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 $189,090
    Trailwest Bank 2575 Dearborn Avenue Missoula, MT 59804 Full Service B&M $28,322
    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 $20,170
    Trailwest Bank 5600 Airway Boulevard Missoula, MT 59808 Full Service B&M $20,989
    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 $29,429

    For 2020, Trailwest Bank had 15 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $31,434
    Net interest income $26,056
    Total noninterest income $1,826
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $365
    Trading account gains and fees $0
    Additional Noninterest Income $1,461
    Pre-tax net operating income $11,361
    Securities gains (or losses, -) $0
    Income before extraordinary items $11,361
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $11,361
    Minority interest net income $0
    Net income $11,361
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $11,361

    Trailwest Bank's gross interest income from loans was $31,434,000.
    Trailwest Bank's net interest income from loans was $26,056,000.
    Trailwest Bank's fee based income from loans was $365,000.
    Trailwest Bank's net income from loans was $11,361,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $5,378
    Provision for credit losses $585
    Total noninterest expense $15,936
    Salaries and employee benefits $10,225
    Premises and equipment expense $2,173
    Additional noninterest expense $3,538
    Applicable income taxes $0
    Net charge-offs $-415
    Cash dividends $750

    Trailwest Bank's interest expense for loans was $5,378,000.
    Trailwest Bank's payroll and benefits expense were $10,225,000.
    Trailwest Bank's property, plant and equipment expenses $2,173,000.

    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 $655,403
    Deposits held in domestic offices $655,403
    Deposits by Individuals, partnerships, and corporations $622,832
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $4,498
    Deposits by Commercial banks and other depository institutions in U.S. $28,073
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $476,010
    Demand deposits $193,240
    Nontransaction accounts $179,393
    Money market deposit accounts (MMDAs) $28,078
    Other savings deposits (excluding MMDAs) $84,201
    Total time deposits $67,113
    Total time and savings deposits $462,163
    Noninterest-bearing deposits $203,754
    Interest-bearing deposits $451,649
    Retail deposits $636,089
    IRAs and Keogh plan accounts $13,235
    Brokered deposits $10,112
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $819,476
    Cash & Balances due from depository institutions $177,236
    Interest-bearing balances $160,570
    Total securities $23,778
    Federal funds sold & reverse repurchase $709
    Net loans and leases $583,929
    Loan and leases loss allowance $8,500
    Trading account assets $0
    Bank premises and fixed assets $14,322
    Other real estate owned $0
    Goodwill and other intangibles $73
    All other assets $19,429

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $819,476
    Total Liabilities $745,780
    Total deposits $655,403
    Interest-bearing deposits $451,649
    Deposits held in domestic offices $655,403
    % insured (estimated) $77
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $85,000
    Subordinated debt $0
    All other liabilities $5,377

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $583,929
    Loan and leases loss allowance $8,500
    Total loans and leases (domestic) $592,429
    All real estate loans $488,344
    Real estate loans in domestic offices $488,344
    Construction and development loans $51,061
    Residential 1-4 family construction $18,892
    Other construction, all land development and other land $32,169
    Loans secured by nonfarm nonresidential properties $140,640
    Nonfarm nonresidential secured by owner-occupied properties $79,500
    Commercial real estate & other non-farm, non-residential $61,140
    Multifamily residential real estate $11,030
    1-4 family residential loans $226,539
    Farmland loans $59,074
    Loans held in foreign offices $0
    Farm loans $10,354
    Commercial and industrial loans $78,371
    To non-U.S. addressees $0
    Loans to individuals $14,459
    Credit card loans $0
    Related Plans $55
    Consumer Auto Loans $6,018
    Other loans to individuals $8,386
    All other loans & leases $901
    Loans to foreign governments and official institutions $0
    Other loans $164
    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 $583,929,000 of loans outstanding in 2020. $488,344,000 of loans were in real estate loans. $51,061,000 of loans were in development loans. $11,030,000 of loans were in multifamily mortgage loans. $226,539,000 of loans were in 1-4 family mortgage loans. $10,354,000 of loans were in farm loans. $0 of loans were in credit card loans. $6,018,000 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 289 $70,557 $244,142
    Nonfarm, nonresidential loans - <$100k 43 $1,754 $40,791
    Nonfarm, nonresidential loans - $100-250k 96 $11,579 $120,615
    Nonfarm, nonresidential loans - $250k-1MM 150 $57,224 $381,493
    Commercial & Industrial, US addressed loans - <$1MM 1,218 $61,289 $50,319
    Commercial & Industrial, US addressed loans - <$100k 990 $20,223 $20,427
    Commercial & Industrial, US addressed loans - $100-250k 148 $14,899 $100,669
    Commercial & Industrial, US addressed loans - $250k-1MM 80 $26,167 $327,088
    Farmland loans - <$1MM 46 $10,065 $218,804
    Farmland loans - <$100k 5 $244 $48,800
    Farmland loans - $100-250k 17 $2,280 $134,118
    Farmland loans - $250k-1MM 24 $7,541 $314,208
    Agriculture operations loans - <$1MM 96 $6,316 $65,792
    Agriculture operations loans - <$100k 63 $1,669 $26,492
    Agriculture operations loans - $100-250k 20 $1,878 $93,900
    Agriculture operations loans - $250k-1MM 13 $2,769 $213,000