Dakota Community Bank & Trust Mortgage Rates, Fees & Info

Hebron, ND

LEI: 5493002POZ4RFS6X0Z30

Tax ID: 45-0192605

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • 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

    Dakota Community Bank & Trust is a smaller bank specializing in Home Purchase and Refi 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, Aberdeen, and Spearfish among others. We have data for 18 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. Dakota Community Bank & Trust is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.52% 11/21/24
    30 Year Conventional Refi 6.49% 11/21/24
    30 Year Cash-out Refi 6.67% 11/21/24
    30 Year FHA Purchase 7.10% 11/21/24
    30 Year FHA Refi 6.89% 11/21/24
    30 Year VA Purchase 6.06% 11/21/24
    30 Year VA Refi 5.50% 11/21/24
    30 Year USDA Purchase 6.38% 11/21/24
    15 Year Conventional Purchase 5.99% 11/21/24
    15 Year Conventional Refi 6.26% 11/21/24
    15 Year Cash-out Refi 6.26% 11/21/24
    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






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Dakota Community Bank & Trust. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    667

    Origination Dollar Volume (All Markets)

    $160,895,000

    Employee count

    167 Show all (8) awards

    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
    BISMARCK, ND (FHA|USDA|VA) 396 $95,760,000 $241,818 $5,080 2.89%
    Dickinson, ND (FHA|USDA|VA) 199 $46,875,000 $235,553 $4,974 2.80%
    Outside of Metro Areas 53 $11,505,000 $217,075 $5,524 3.13%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 4 $1,650,000 $412,500 $5,196 3.03%
    Aberdeen, SD (FHA|USDA|VA) 1 $805,000 $805,000 $0 3.47%
    Spearfish, SD (FHA|USDA|VA) 1 $545,000 $545,000 $8,776 2.87%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $505,000 $505,000 $0 4.01%
    FARGO, ND-MN (FHA|USDA|VA) 2 $460,000 $230,000 $4,763 2.87%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $455,000 $455,000 $0 3.47%
    ST. CLOUD, MN (FHA|USDA|VA) 1 $435,000 $435,000 $6,879 2.75%
    Fergus Falls, MN (FHA|USDA|VA) 1 $405,000 $405,000 $6,649 3.13%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $385,000 $385,000 $4,326 3.00%
    JACKSONVILLE, FL (FHA|USDA|VA) 1 $315,000 $315,000 $7,938 3.38%
    GRAND FORKS, ND-MN (FHA|USDA|VA) 1 $225,000 $225,000 $0 3.25%
    Minot, ND (FHA|USDA|VA) 1 $215,000 $215,000 $8,681 2.65%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $165,000 $165,000 $4,281 3.38%
    Butte-Silver Bow, MT (FHA|USDA|VA) 1 $105,000 $105,000 $4,485 4.12%
    Jamestown, ND (FHA|USDA|VA) 1 $85,000 $85,000 $4,449 2.50%
    Dakota Community Bank & Trust's top markets include Bismarck, Dickinson, Phoenix, Aberdeen, and Spearfish among others.

    Their top states include:
  • North Dakota (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • South Dakota (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)

    • 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.

    WESTERN COOPERATIVE CREDIT UNION
    Similarity Rank: 28
    FIRST COMMUNITY CREDIT UNION
    Similarity Rank: 406
    American Bank Center
    Similarity Rank: 527
    Starion Bank
    Similarity Rank: 720
    CAPITAL CREDIT UNION
    Similarity Rank: 836
    First Western Bank & Trust
    Similarity Rank: 960
    Dakota Community Bank & Trust
    Similarity Rank: 1350
    Choice Financial Group
    Similarity Rank: 1558
    Bremer Bank
    Similarity Rank: 2765
    FREEDOM MORTGAGE CORPORATION
    Similarity Rank: 3708

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 514 $123,140,000 $239,572 $4,349 2.99%
    FHA 56 $11,730,000 $209,464 $7,094 2.74%
    VA 49 $14,975,000 $305,612 $7,684 2.45%
    USDA 48 $11,050,000 $230,208 $7,248 2.45%

    For 2021, Dakota Community Bank & Trust's most frequently originated type of loan was Conventional, with 514 originations. Their 2nd most popular type was FHA, with 56 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 348 $90,040,000 $258,736 $5,821 2.93%
    Refi 192 $44,500,000 $231,771 $4,250 2.76%
    Cash Out Refi 110 $25,050,000 $227,727 $4,806 2.76%
    Home Improvement 11 $735,000 $66,818 $1,005 4.52%
    Other 6 $570,000 $95,000 $1,966 3.72%

    For 2021, Dakota Community Bank & Trust's most frequently cited loan purpose was Home Purchase, with 348 originations. The 2nd most popular reason was Refi, with 192 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 444 $112,380,000 $253,108 $5,603 2.85%
    15 Year 106 $22,650,000 $213,679 $4,086 2.62%
    20 Year 59 $14,325,000 $242,797 $3,977 2.90%
    10 Year 25 $4,345,000 $173,800 $2,949 3.21%
    Other 18 $4,370,000 $242,778 $3,823 3.81%
    5 Year 8 $870,000 $108,750 $617 4.41%
    1 Year 5 $675,000 $135,000 $0 4.37%
    3 Year 2 $1,280,000 $640,000 $0 4.02%

    For 2021, Dakota Community Bank & Trust's most frequently cited loan duration was 30 Year, with 444 originations. The 2nd most popular length was 15 Year, with 106 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $2k-3k 195 $45,075,000 $231,154
    $3k-4k 134 $40,800,000 $304,478
    $1k-2k 120 $17,600,000 $146,667
    $<1k 98 $18,320,000 $186,939
    $4k-5k 49 $19,045,000 $388,673
    $5k+ 16 $7,570,000 $473,125

    Dakota Community Bank & Trust's average total fees were $5,603, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 195 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 241 $61,145,000 $253,714
    <2.5% 221 $52,055,000 $235,543
    3-4% 177 $43,735,000 $247,090
    4-5% 23 $3,785,000 $164,565
    5-6% 3 $115,000 $38,333
    6-7% 2 $60,000 $30,000

    During 2021, Dakota Community Bank & Trust's average interest rate for loans was 2.85%, while their most frequently originated rate bucket for loans was 2.5-3%, with 241 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 359 $97,895,000 $272,688 $5,764 2.80%
    $100k-200k 192 $29,810,000 $155,260 $3,841 2.88%
    $100,000 or less 62 $3,950,000 $63,710 $2,368 3.42%
    $400k-600k 45 $20,985,000 $466,333 $7,227 2.80%
    $600k-1MM 6 $4,620,000 $770,000 $12,046 3.26%
    $1MM+ 3 $3,635,000 $1,211,667 $5,542 3.38%

    2021 saw Dakota Community Bank & Trust place emphasis on $200k-400k loans with 359 originations, totaling $97,895,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 149 $30,895,000 $207,349 $4,958 2.76%
    $100k-150k 144 $38,420,000 $266,806 $5,452 2.86%
    $75k-100k 124 $29,210,000 $235,565 $5,656 2.83%
    $150k-250k 80 $22,430,000 $280,375 $5,636 2.93%
    $50k or less 77 $11,295,000 $146,688 $4,085 2.82%
    $250k+ 27 $11,365,000 $420,926 $5,014 3.18%

    Dakota Community Bank & Trust lent most frequently to those with incomes in the $50k-75k range, with 149 originations. The second most popular income band? $100k-150k, with 144 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 159 $39,015,000 $245,377 $4,779 2.80%
    30-36% 136 $32,550,000 $239,338 $5,039 2.80%
    <20% 63 $13,635,000 $216,429 $3,964 2.81%
    39% 28 $5,970,000 $213,214 $6,335 2.96%
    40% 25 $6,235,000 $249,400 $5,852 3.02%
    36% 22 $5,050,000 $229,545 $4,706 2.99%
    43% 21 $5,155,000 $245,476 $5,007 2.89%
    41% 21 $4,815,000 $229,286 $5,488 2.67%
    44% 20 $4,970,000 $248,500 $5,493 2.89%
    38% 19 $5,255,000 $276,579 $5,593 2.83%
    42% 18 $5,270,000 $292,778 $5,655 3.02%
    45% 15 $3,965,000 $264,333 $5,348 2.71%
    50-60% 15 $3,565,000 $237,667 $6,705 3.02%
    37% 14 $3,010,000 $215,000 $5,343 2.99%
    48% 13 $3,245,000 $249,615 $7,237 2.96%
    47% 13 $3,005,000 $231,154 $5,858 2.64%
    46% 8 $1,860,000 $232,500 $5,829 2.84%
    49% 6 $1,520,000 $253,333 $5,511 2.84%
    >60% 2 $550,000 $275,000 $2,440 3.37%

    Dakota Community Bank & Trust lent most frequently to those with DTI ratios of 20-30%, with 159 originations. The next most common DTI ratio? 30-36%, with 136 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 599 $143,715,000 $239,925 $5,129 2.81%
    Not applicable 26 $7,360,000 $283,077 $0 4.00%
    Not provided 31 $7,095,000 $228,871 $4,556 3.24%
    American Indian 6 $1,400,000 $233,333 $3,493 3.37%
    Black 3 $755,000 $251,667 $5,323 3.10%
    Asian 2 $570,000 $285,000 $5,434 2.75%

    Approval Rates

    Total approvals of all applications
    92.63%

    Dakota Community Bank & Trust has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.96%

    Dakota Community Bank & Trust has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    1274.45 1 $75,000 $75,000
    420.0 1 $65,000 $65,000
    515.0 1 $105,000 $105,000
    515.95 1 $35,000 $35,000
    NA 663 $160,615,000 $242,255

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    667 $160,895,000 $241,222

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 41 $6,075,000 $148,171 $2,912 2.87%
    40-60% 82 $19,790,000 $241,341 $4,068 2.81%
    60-80% 196 $48,210,000 $245,969 $4,805 2.92%
    80-100% 322 $82,590,000 $256,491 $5,637 2.82%
    Over 100% 7 $2,685,000 $383,571 $17,119 2.43%
    Under 20% 19 $1,545,000 $81,316 $1,249 4.23%

    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 $17,211
    Dakota Community Bank & Trust, National Association 111 Main Avenue New Leipzig, ND 58562 Full Service B&M $35,761
    Dakota Community Bank & Trust, National Association 123 Main Street Taylor, ND 58656 Full Service B&M $41,930
    Dakota Community Bank & Trust, National Association 14 3rd Avenue West Dickinson, ND 58601 Full Service B&M $121,658
    Dakota Community Bank & Trust, National Association 1727 State Street Bismarck, ND 58501 Full Service B&M $164,405
    Dakota Community Bank & Trust, National Association 2284 3rd Ave W Dickinson, ND 58601 Full Service B&M $105,740
    Dakota Community Bank & Trust, National Association 26 North Main Street Bowman, ND 58623 Full Service B&M $43,073
    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 $141,974
    Dakota Community Bank & Trust, National Association 609 Main Street Hebron, ND 58638 Full Service B&M $89,790
    Dakota Community Bank & Trust, National Association 66 Santee Road Lincoln, ND 58504 Full Service B&M $28,756
    Dakota Community Bank & Trust, National Association 919 South Seventh Street, Suite 101 Bismarck, ND 58504 Full Service B&M $124,384

    For 2021, Dakota Community Bank & Trust had 12 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $34,015
    Net interest income $31,042
    Total noninterest income $10,471
    Gross Fiduciary activities income $1,020
    Service charges on deposit accounts $409
    Trading account gains and fees $0
    Additional Noninterest Income $9,042
    Pre-tax net operating income $18,494
    Securities gains (or losses, -) $28
    Income before extraordinary items $18,518
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $18,518
    Minority interest net income $0
    Net income $18,518
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $18,490

    Dakota Community Bank & Trust's gross interest income from loans was $34,015,000.
    Dakota Community Bank & Trust's net interest income from loans was $31,042,000.
    Dakota Community Bank & Trust's fee based income from loans was $409,000.
    Dakota Community Bank & Trust's net income from loans was $18,518,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,973
    Provision for credit losses $165
    Total noninterest expense $22,854
    Salaries and employee benefits $15,179
    Premises and equipment expense $2,713
    Additional noninterest expense $4,962
    Applicable income taxes $4
    Net charge-offs $-423
    Cash dividends $12,580

    Dakota Community Bank & Trust's interest expense for loans was $2,973,000.
    Dakota Community Bank & Trust's payroll and benefits expense were $15,179,000.
    Dakota Community Bank & Trust's property, plant and equipment expenses $2,713,000.

    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 $1,043,927
    Deposits held in domestic offices $1,043,927
    Deposits by Individuals, partnerships, and corporations $991,282
    Deposits by U.S. Government $4
    Deposits by States and political subdivisions in the U.S. $52,641
    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 $565,966
    Demand deposits $142,387
    Nontransaction accounts $477,961
    Money market deposit accounts (MMDAs) $67,232
    Other savings deposits (excluding MMDAs) $271,505
    Total time deposits $139,224
    Total time and savings deposits $901,540
    Noninterest-bearing deposits $142,387
    Interest-bearing deposits $901,539
    Retail deposits $1,009,054
    IRAs and Keogh plan accounts $9,706
    Brokered deposits $17,551
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,141,484
    Cash & Balances due from depository institutions $99,460
    Interest-bearing balances $92,022
    Total securities $441,730
    Federal funds sold & reverse repurchase $0
    Net loans and leases $565,189
    Loan and leases loss allowance $8,995
    Trading account assets $0
    Bank premises and fixed assets $9,205
    Other real estate owned $0
    Goodwill and other intangibles $1,941
    All other assets $23,959

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,141,484
    Total Liabilities $1,058,978
    Total deposits $1,043,927
    Interest-bearing deposits $901,539
    Deposits held in domestic offices $1,043,927
    % insured (estimated) $69
    Federal funds purchased and repurchase agreements $4,706
    Trading liabilities $0
    Other borrowed funds $4,750
    Subordinated debt $0
    All other liabilities $5,595

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $565,189
    Loan and leases loss allowance $8,995
    Total loans and leases (domestic) $574,184
    All real estate loans $380,395
    Real estate loans in domestic offices $380,395
    Construction and development loans $20,884
    Residential 1-4 family construction $6,496
    Other construction, all land development and other land $14,388
    Loans secured by nonfarm nonresidential properties $117,623
    Nonfarm nonresidential secured by owner-occupied properties $47,294
    Commercial real estate & other non-farm, non-residential $70,329
    Multifamily residential real estate $4,636
    1-4 family residential loans $42,639
    Farmland loans $194,613
    Loans held in foreign offices $0
    Farm loans $100,387
    Commercial and industrial loans $75,934
    To non-U.S. addressees $0
    Loans to individuals $16,520
    Credit card loans $0
    Related Plans $92
    Consumer Auto Loans $9,485
    Other loans to individuals $6,943
    All other loans & leases $948
    Loans to foreign governments and official institutions $0
    Other loans $618
    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 $565,189,000 of loans outstanding in 2021. $380,395,000 of loans were in real estate loans. $20,884,000 of loans were in development loans. $4,636,000 of loans were in multifamily mortgage loans. $42,639,000 of loans were in 1-4 family mortgage loans. $100,387,000 of loans were in farm loans. $0 of loans were in credit card loans. $9,485,000 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 168 $45,499 $270,827
    Nonfarm, nonresidential loans - <$100k 27 $1,244 $46,074
    Nonfarm, nonresidential loans - $100-250k 50 $6,389 $127,780
    Nonfarm, nonresidential loans - $250k-1MM 91 $37,866 $416,110
    Commercial & Industrial, US addressed loans - <$1MM 367 $25,125 $68,460
    Commercial & Industrial, US addressed loans - <$100k 226 $4,576 $20,248
    Commercial & Industrial, US addressed loans - $100-250k 80 $6,465 $80,813
    Commercial & Industrial, US addressed loans - $250k-1MM 61 $14,084 $230,885
    Farmland loans - <$1MM 296 $44,474 $150,250
    Farmland loans - <$100k 89 $3,675 $41,292
    Farmland loans - $100-250k 108 $14,990 $138,796
    Farmland loans - $250k-1MM 99 $25,809 $260,697
    Agriculture operations loans - <$1MM 517 $30,008 $58,043
    Agriculture operations loans - <$100k 318 $7,267 $22,852
    Agriculture operations loans - $100-250k 121 $9,032 $74,645
    Agriculture operations loans - $250k-1MM 78 $13,709 $175,756