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 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.52% | 4/21/24 |
| 30 Year Conventional Refi | 6.49% | 4/21/24 |
| 30 Year Cash-out Refi | 6.67% | 4/21/24 |
| 30 Year FHA Purchase | 7.10% | 4/21/24 |
| 30 Year FHA Refi | 6.89% | 4/21/24 |
| 30 Year VA Purchase | 6.06% | 4/21/24 |
| 30 Year VA Refi | 5.50% | 4/21/24 |
| 30 Year USDA Purchase | 6.38% | 4/21/24 |
| 15 Year Conventional Purchase | 5.99% | 4/21/24 |
| 15 Year Conventional Refi | 6.26% | 4/21/24 |
| 15 Year Cash-out Refi | 6.26% | 4/21/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
667Origination Dollar Volume (All Markets)
$160,895,000Employee count
167Awards
Dakota Community Bank & Trust - 2021
Dakota Community Bank & Trust is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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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% |
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 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
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
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
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
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
2021 saw Dakota Community Bank & Trust place emphasis on $200k-400k loans with 359 originations, totaling $97,895,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications92.63%
Dakota Community Bank & Trust has an average approval rate.
Pick Rate
Approvals leading to origination86.96%
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 |
LTV Distribution
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 |