Dakota Community Bank & Trust Mortgage Rates, Fees & Info
Hebron, NDLEI: 5493002POZ4RFS6X0Z30
Tax ID: 45-0192605
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Mortgage Data
Bank Data
Review & Overview
Dakota Community Bank & Trust is a smaller bank specializing in Home Purchase loans. Dakota Community Bank & Trust has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Bismarck, Dickinson, Phoenix, Minot, and Williston among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)Dakota Community Bank & Trust 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.52% | 4/18/24 |
| 30 Year Conventional Refi | 6.49% | 4/18/24 |
| 30 Year Cash-out Refi | 6.67% | 4/18/24 |
| 30 Year FHA Purchase | 7.10% | 4/18/24 |
| 30 Year FHA Refi | 6.89% | 4/18/24 |
| 30 Year VA Purchase | 6.06% | 4/18/24 |
| 30 Year VA Refi | 5.50% | 4/18/24 |
| 30 Year USDA Purchase | 6.38% | 4/18/24 |
| 15 Year Conventional Purchase | 5.99% | 4/18/24 |
| 15 Year Conventional Refi | 6.26% | 4/18/24 |
| 15 Year Cash-out Refi | 6.26% | 4/18/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Dakota Community Bank & Trust Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
397Origination Dollar Volume (All Markets)
$87,775,000Employee count
162Top 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 |
|---|---|---|---|---|---|
| BISMARCK, ND (FHA|USDA|VA) | 231 | $50,845,000 | $220,108 | $0 | 0.00% |
| Dickinson, ND (FHA|USDA|VA) | 114 | $25,260,000 | $221,579 | $0 | 0.00% |
| Outside of Metro Areas | 34 | $7,120,000 | $209,412 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 7 | $2,125,000 | $303,571 | $0 | 0.00% |
| Minot, ND (FHA|USDA|VA) | 3 | $1,025,000 | $341,667 | $0 | 0.00% |
| Williston, ND (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $0 | 0.00% |
| FARGO, ND-MN (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $0 | 0.00% |
| SIOUX FALLS, SD (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Dakota Community Bank & Trust based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2019, Dakota Community Bank & Trust's most frequently originated type of loan was Conventional, with 306 originations. Their 2nd most popular type was FHA, with 32 originations.
Loan Reason
For 2019, Dakota Community Bank & Trust's most frequently cited loan purpose was Home Purchase, with 257 originations. The 2nd most popular reason was Refi, with 65 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 397 | $87,775,000 | $221,096 | $0 | 0.00% |
For 2019, Dakota Community Bank & Trust's most frequently cited loan duration was Other, with 397 originations.
Loan Sizing
2019 saw Dakota Community Bank & Trust place emphasis on $200k-400k loans with 190 originations, totaling $51,570,000 in origination value.
Applicant Income
Dakota Community Bank & Trust lent most frequently to those with incomes in the $50k-75k range, with 92 originations. The second most popular income band? $100k-150k, with 79 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 397 | $87,775,000 | $221,096 | $0 | 0.00% |
Dakota Community Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 397 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.82%
Dakota Community Bank & Trust has an average approval rate.
Pick Rate
Approvals leading to origination84.13%
Dakota Community Bank & Trust has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 397 | $87,775,000 | $221,096 |
Occupancy Type Mix
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Dakota Community Bank & Trust, National Association | 108 South Main Street Glen Ullin, ND 58631 | Full Service B&M | $12,445 |
| Dakota Community Bank & Trust, National Association | 111 Main Avenue New Leipzig, ND 58562 | Full Service B&M | $27,991 |
| Dakota Community Bank & Trust, National Association | 123 Main Street Taylor, ND 58656 | Full Service B&M | $28,819 |
| Dakota Community Bank & Trust, National Association | 14 3rd Avenue West Dickinson, ND 58601 | Full Service B&M | $99,615 |
| Dakota Community Bank & Trust, National Association | 1727 State Street Bismarck, ND 58501 | Full Service B&M | $125,188 |
| Dakota Community Bank & Trust, National Association | 2284 3rd Ave W Dickinson, ND 58601 | Full Service B&M | $85,110 |
| Dakota Community Bank & Trust, National Association | 26 North Main Street Bowman, ND 58623 | Full Service B&M | $29,179 |
| Dakota Community Bank & Trust, National Association | 3124 E Colorado Dr Bismarck, ND 58503 | Limited, Mobile/Seasonal Office | $0 |
| Dakota Community Bank & Trust, National Association | 4321 Memorial Highway Mandan, ND 58554 | Full Service B&M | $110,818 |
| Dakota Community Bank & Trust, National Association | 609 Main Street Hebron, ND 58638 | Full Service B&M | $69,499 |
| Dakota Community Bank & Trust, National Association | 66 Santee Road Lincoln, ND 58504 | Full Service B&M | $23,396 |
| Dakota Community Bank & Trust, National Association | 919 South Seventh Street, Suite 101 Bismarck, ND 58504 | Full Service B&M | $132,734 |
For 2019, Dakota Community Bank & Trust had 12 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $35,473 |
| Net interest income | $28,873 |
| Total noninterest income | $6,688 |
| Gross Fiduciary activities income | $846 |
| Service charges on deposit accounts | $832 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $5,010 |
| Pre-tax net operating income | $14,835 |
| Securities gains (or losses, -) | $371 |
| Income before extraordinary items | $15,202 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $15,202 |
| Minority interest net income | $0 |
| Net income | $15,202 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $14,831 |
Dakota Community Bank & Trust's gross interest income from loans was $35,473,000.
Dakota Community Bank & Trust's net interest income from loans was $28,873,000.
Dakota Community Bank & Trust's fee based income from loans was $832,000.
Dakota Community Bank & Trust's net income from loans was $15,202,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $6,600 |
| Provision for credit losses | $365 |
| Total noninterest expense | $20,361 |
| Salaries and employee benefits | $13,876 |
| Premises and equipment expense | $2,351 |
| Additional noninterest expense | $4,134 |
| Applicable income taxes | $4 |
| Net charge-offs | $61 |
| Cash dividends | $18,190 |
Dakota Community Bank & Trust's interest expense for loans was $6,600,000.
Dakota Community Bank & Trust's payroll and benefits expense were $13,876,000.
Dakota Community Bank & Trust's property, plant and equipment expenses $2,351,000.
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 | $767,293 |
| Deposits held in domestic offices | $767,293 |
| Deposits by Individuals, partnerships, and corporations | $731,465 |
| Deposits by U.S. Government | $1 |
| Deposits by States and political subdivisions in the U.S. | $35,827 |
| 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 | $389,448 |
| Demand deposits | $115,185 |
| Nontransaction accounts | $377,845 |
| Money market deposit accounts (MMDAs) | $42,952 |
| Other savings deposits (excluding MMDAs) | $215,715 |
| Total time deposits | $119,177 |
| Total time and savings deposits | $652,108 |
| Noninterest-bearing deposits | $115,185 |
| Interest-bearing deposits | $652,108 |
| Retail deposits | $739,761 |
| IRAs and Keogh plan accounts | $8,912 |
| Brokered deposits | $16,805 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $862,614 |
| Cash & Balances due from depository institutions | $86,390 |
| Interest-bearing balances | $78,344 |
| Total securities | $240,544 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $504,895 |
| Loan and leases loss allowance | $7,955 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $8,905 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $1,352 |
| All other assets | $20,528 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $862,614 |
| Total Liabilities | $792,504 |
| Total deposits | $767,293 |
| Interest-bearing deposits | $652,108 |
| Deposits held in domestic offices | $767,293 |
| % insured (estimated) | $71 |
| Federal funds purchased and repurchase agreements | $13,590 |
| Trading liabilities | $0 |
| Other borrowed funds | $5,000 |
| Subordinated debt | $0 |
| All other liabilities | $6,621 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $504,895 |
| Loan and leases loss allowance | $7,955 |
| Total loans and leases (domestic) | $512,850 |
| All real estate loans | $312,750 |
| Real estate loans in domestic offices | $312,750 |
| Construction and development loans | $26,265 |
| Residential 1-4 family construction | $8,304 |
| Other construction, all land development and other land | $17,961 |
| Loans secured by nonfarm nonresidential properties | $87,825 |
| Nonfarm nonresidential secured by owner-occupied properties | $30,067 |
| Commercial real estate & other non-farm, non-residential | $57,758 |
| Multifamily residential real estate | $7,759 |
| 1-4 family residential loans | $30,601 |
| Farmland loans | $160,300 |
| Loans held in foreign offices | $0 |
| Farm loans | $113,525 |
| Commercial and industrial loans | $74,113 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $11,920 |
| Credit card loans | $0 |
| Related Plans | $137 |
| Consumer Auto Loans | $5,351 |
| Other loans to individuals | $6,432 |
| All other loans & leases | $542 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $179 |
| 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 |
Dakota Community Bank & Trust had $504,895,000 of loans outstanding in 2019. $312,750,000 of loans were in real estate loans. $26,265,000 of loans were in development loans. $7,759,000 of loans were in multifamily mortgage loans. $30,601,000 of loans were in 1-4 family mortgage loans. $113,525,000 of loans were in farm loans. $0 of loans were in credit card loans. $5,351,000 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 | 171 | $41,804 | $244,468 |
| Nonfarm, nonresidential loans - <$100k | 28 | $1,165 | $41,607 |
| Nonfarm, nonresidential loans - $100-250k | 57 | $7,049 | $123,667 |
| Nonfarm, nonresidential loans - $250k-1MM | 86 | $33,590 | $390,581 |
| Commercial & Industrial, US addressed loans - <$1MM | 367 | $28,612 | $77,962 |
| Commercial & Industrial, US addressed loans - <$100k | 229 | $4,967 | $21,690 |
| Commercial & Industrial, US addressed loans - $100-250k | 67 | $6,861 | $102,403 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 71 | $16,784 | $236,394 |
| Farmland loans - <$1MM | 306 | $44,131 | $144,219 |
| Farmland loans - <$100k | 98 | $3,808 | $38,857 |
| Farmland loans - $100-250k | 111 | $14,556 | $131,135 |
| Farmland loans - $250k-1MM | 97 | $25,767 | $265,639 |
| Agriculture operations loans - <$1MM | 510 | $37,470 | $73,471 |
| Agriculture operations loans - <$100k | 302 | $7,180 | $23,775 |
| Agriculture operations loans - $100-250k | 130 | $13,471 | $103,623 |
| Agriculture operations loans - $250k-1MM | 78 | $16,819 | $215,628 |