Denali State Bank Mortgage Rates, Fees & Info

Fairbanks, AK

LEI: 5493003OSI5CD032EN89

Tax ID: 92-0111874

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Mortgage Data

Bank Data

Review & Overview

Denali State Bank is a smaller bank specializing in Home Purchase loans. Denali State Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top (well, only) market is Fairbanks.

Denali State 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.

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Originations

142

Origination Dollar Volume (All Markets)

$29,980,000

Employee count

82

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
FAIRBANKS, AK (FHA|USDA|VA) 130 $28,440,000 $218,769 $0 0.00%
Outside of Metro Areas 12 $1,540,000 $128,333 $0 0.00%
Denali State Bank's top markets include and Fairbanks among others.

Their top states include:
  • Alaska (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 116 $23,600,000 $203,448 $0 0.00%
    VA 15 $3,895,000 $259,667 $0 0.00%
    FHA 11 $2,485,000 $225,909 $0 0.00%

    For 2018, Denali State Bank's most frequently originated type of loan was Conventional, with 116 originations. Their 2nd most popular type was VA, with 15 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 107 $24,005,000 $224,346 $0 0.00%
    Cash Out Refi 19 $3,585,000 $188,684 $0 0.00%
    Refi 8 $1,770,000 $221,250 $0 0.00%
    Home Improvement 7 $275,000 $39,286 $0 0.00%
    Other 1 $345,000 $345,000 $0 0.00%

    For 2018, Denali State Bank's most frequently cited loan purpose was Home Purchase, with 107 originations. The 2nd most popular reason was Cash Out Refi, with 19 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 142 $29,980,000 $211,127 $0 0.00%

    For 2018, Denali State Bank's most frequently cited loan duration was Other, with 142 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 55 $8,725,000 $158,636 $0 0.00%
    $200k-400k 53 $14,335,000 $270,472 $0 0.00%
    $100,000 or less 26 $1,660,000 $63,846 $0 0.00%
    $400k-600k 5 $2,105,000 $421,000 $0 0.00%
    $600k-1MM 2 $1,350,000 $675,000 $0 0.00%
    $1MM+ 1 $1,805,000 $1,805,000 $0 0.00%

    2018 saw Denali State Bank place emphasis on $100k-200k loans with 55 originations, totaling $8,725,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 35 $5,295,000 $151,286 $0 0.00%
    $75k-100k 34 $6,610,000 $194,412 $0 0.00%
    $100k-150k 26 $5,770,000 $221,923 $0 0.00%
    $50k or less 22 $2,930,000 $133,182 $0 0.00%
    $150k-250k 12 $3,610,000 $300,833 $0 0.00%
    $250k+ 6 $1,830,000 $305,000 $0 0.00%

    Denali State Bank lent most frequently to those with incomes in the $50k-75k range, with 35 originations. The second most popular income band? $75k-100k, with 34 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 142 $29,980,000 $211,127 $0 0.00%

    Denali State Bank lent most frequently to those with DTI ratios of Exempt%, with 142 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 109 $21,675,000 $198,853 $0 0.00%
    Not provided 16 $3,090,000 $193,125 $0 0.00%
    Not applicable 4 $2,970,000 $742,500 $0 0.00%
    American Indian 6 $810,000 $135,000 $0 0.00%
    Asian 4 $800,000 $200,000 $0 0.00%
    Native Hawaiian or Islander 2 $390,000 $195,000 $0 0.00%
    Black 1 $245,000 $245,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.43%

    Denali State Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    69.01%

    Denali State Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 142 $29,980,000 $211,127

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 3 $2,695,000 $898,333
    Single Family (1-4 Units):Manufactured 1 $125,000 $125,000
    Single Family (1-4 Units):Site-Built 138 $27,160,000 $196,812

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Denali State Bank 119 North Cushman Street Fairbanks, AK 99701 Full Service B&M $178,353
    Denali State Bank 1989 Airport Way Fairbanks, AK 99701 Full Service B&M $40,590
    Denali State Bank 470 Chena Pump Road Fairbanks, AK 99709 Full Service B&M $18,346
    Denali State Bank 975 Van Horn Road Fairbanks, AK 99707 Full Service B&M $9,066
    Denali State Bank Mile 1314 Alaska Highway Tok, AK 99780 Full Service B&M $13,713

    For 2018, Denali State Bank had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $13,498
    Net interest income $13,110
    Total noninterest income $2,973
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $441
    Trading account gains and fees $0
    Additional Noninterest Income $2,532
    Pre-tax net operating income $2,721
    Securities gains (or losses, -) $259
    Income before extraordinary items $2,590
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,590
    Minority interest net income $0
    Net income $2,590
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,364

    Denali State Bank's gross interest income from loans was $13,498,000.
    Denali State Bank's net interest income from loans was $13,110,000.
    Denali State Bank's fee based income from loans was $441,000.
    Denali State Bank's net income from loans was $2,590,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $388
    Provision for credit losses $1,245
    Total noninterest expense $12,117
    Salaries and employee benefits $7,517
    Premises and equipment expense $1,210
    Additional noninterest expense $3,390
    Applicable income taxes $390
    Net charge-offs $639
    Cash dividends $1,211

    Denali State Bank's interest expense for loans was $388,000.
    Denali State Bank's payroll and benefits expense were $7,517,000.
    Denali State Bank's property, plant and equipment expenses $1,210,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 1.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 1.0%
    HELOC loans 1.0%
    All other family 2.0%
    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 $252,547
    Deposits held in domestic offices $252,547
    Deposits by Individuals, partnerships, and corporations $230,112
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $22,189
    Deposits by Commercial banks and other depository institutions in U.S. $246
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $23,777
    Demand deposits $21,538
    Nontransaction accounts $228,770
    Money market deposit accounts (MMDAs) $43,128
    Other savings deposits (excluding MMDAs) $162,781
    Total time deposits $22,861
    Total time and savings deposits $231,009
    Noninterest-bearing deposits $106,323
    Interest-bearing deposits $146,224
    Retail deposits $241,283
    IRAs and Keogh plan accounts $6,595
    Brokered deposits $5,514
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $282,729
    Cash & Balances due from depository institutions $8,703
    Interest-bearing balances $4,988
    Total securities $87,070
    Federal funds sold & reverse repurchase $0
    Net loans and leases $171,048
    Loan and leases loss allowance $3,037
    Trading account assets $0
    Bank premises and fixed assets $4,615
    Other real estate owned $2,095
    Goodwill and other intangibles $0
    All other assets $9,198

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $282,729
    Total Liabilities $254,340
    Total deposits $252,547
    Interest-bearing deposits $146,224
    Deposits held in domestic offices $252,547
    % insured (estimated) $76
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $1,793

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $171,048
    Loan and leases loss allowance $3,037
    Total loans and leases (domestic) $174,085
    All real estate loans $116,229
    Real estate loans in domestic offices $116,229
    Construction and development loans $10,824
    Residential 1-4 family construction $6,240
    Other construction, all land development and other land $4,584
    Loans secured by nonfarm nonresidential properties $72,140
    Nonfarm nonresidential secured by owner-occupied properties $41,080
    Commercial real estate & other non-farm, non-residential $31,060
    Multifamily residential real estate $2,005
    1-4 family residential loans $30,247
    Farmland loans $1,013
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $39,488
    To non-U.S. addressees $0
    Loans to individuals $18,654
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $5,601
    Other loans to individuals $13,053
    All other loans & leases $10
    Loans to foreign governments and official institutions $0
    Other loans $10
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $124
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $388
    Non 1-4 family restructured loans & leases $278
    Total loans and leases (foreign) $0

    Denali State Bank had $171,048,000 of loans outstanding in 2018. $116,229,000 of loans were in real estate loans. $10,824,000 of loans were in development loans. $2,005,000 of loans were in multifamily mortgage loans. $30,247,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $5,601,000 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 116 $26,316 $226,862
    Nonfarm, nonresidential loans - <$100k 6 $212 $35,333
    Nonfarm, nonresidential loans - $100-250k 43 $5,470 $127,209
    Nonfarm, nonresidential loans - $250k-1MM 67 $20,634 $307,970
    Commercial & Industrial, US addressed loans - <$1MM 134 $17,405 $129,888
    Commercial & Industrial, US addressed loans - <$100k 63 $1,763 $27,984
    Commercial & Industrial, US addressed loans - $100-250k 28 $2,511 $89,679
    Commercial & Industrial, US addressed loans - $250k-1MM 43 $13,131 $305,372
    Farmland loans - <$1MM 1 $490 $490,000
    Farmland loans - $250k-1MM 1 $490 $490,000