Denali State Bank Mortgage Rates, Fees & Info

Fairbanks, AK

LEI: 5493003OSI5CD032EN89

Tax ID: 92-0111874

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

Jump to:

Mortgage Data

Bank Data

Review & Overview

Denali State Bank is a smaller bank specializing in Home Purchase and Refi loans. Denali State 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 two markets are Fairbanks and Anchorage .

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.

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.


Originations

322

Origination Dollar Volume (All Markets)

$79,710,000

Employee count

85

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) 295 $74,495,000 $252,525 $0 0.00%
Outside of Metro Areas 22 $4,150,000 $188,636 $0 0.00%
ANCHORAGE, AK (FHA|USDA|VA) 5 $1,065,000 $213,000 $0 0.00%
Denali State Bank's top markets include Fairbanks and Anchorage among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 275 $64,905,000 $236,018 $0 0.00%
    VA 36 $11,840,000 $328,889 $0 0.00%
    FHA 11 $2,965,000 $269,545 $0 0.00%

    For 2021, Denali State Bank's most frequently originated type of loan was Conventional, with 275 originations. Their 2nd most popular type was VA, with 36 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 180 $47,730,000 $265,167 $0 0.00%
    Refi 83 $19,345,000 $233,072 $0 0.00%
    Cash Out Refi 55 $11,905,000 $216,455 $0 0.00%
    Home Improvement 4 $730,000 $182,500 $0 0.00%

    For 2021, Denali State Bank's most frequently cited loan purpose was Home Purchase, with 180 originations. The 2nd most popular reason was Refi, with 83 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 322 $79,710,000 $247,547 $0 0.00%

    For 2021, Denali State Bank's most frequently cited loan duration was Other, with 322 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 159 $44,695,000 $281,101 $0 0.00%
    $100k-200k 114 $17,940,000 $157,368 $0 0.00%
    $400k-600k 21 $10,295,000 $490,238 $0 0.00%
    $100,000 or less 20 $1,500,000 $75,000 $0 0.00%
    $600k-1MM 8 $5,280,000 $660,000 $0 0.00%

    2021 saw Denali State Bank place emphasis on $200k-400k loans with 159 originations, totaling $44,695,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 90 $22,660,000 $251,778 $0 0.00%
    $50k-75k 68 $14,630,000 $215,147 $0 0.00%
    $75k-100k 56 $13,900,000 $248,214 $0 0.00%
    $150k-250k 39 $11,175,000 $286,538 $0 0.00%
    $50k or less 34 $5,590,000 $164,412 $0 0.00%
    $250k+ 21 $8,635,000 $411,190 $0 0.00%

    Denali State Bank lent most frequently to those with incomes in the $100k-150k range, with 90 originations. The second most popular income band? $50k-75k, with 68 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 322 $79,710,000 $247,547 $0 0.00%

    Denali State Bank lent most frequently to those with DTI ratios of Exempt%, with 322 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 212 $52,710,000 $248,632 $0 0.00%
    Not provided 79 $20,035,000 $253,608 $0 0.00%
    Asian 11 $2,495,000 $226,818 $0 0.00%
    American Indian 9 $2,145,000 $238,333 $0 0.00%
    Not applicable 8 $1,730,000 $216,250 $0 0.00%
    Black 3 $595,000 $198,333 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.81%

    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
    59.32%

    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 322 $79,710,000 $247,547

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    322 $79,710,000 $247,547

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Daniels Norelli Scully & Cecere, P.C. Other type of mortgage Closing on a mortgage 1 100.0%

    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 $258,151
    Denali State Bank 1989 Airport Way Fairbanks, AK 99701 Full Service B&M $68,979
    Denali State Bank 470 Chena Pump Road Fairbanks, AK 99709 Full Service B&M $41,762
    Denali State Bank 975 Van Horn Road Fairbanks, AK 99707 Full Service B&M $13,764
    Denali State Bank Mile 1314 Alaska Highway Tok, AK 99780 Full Service B&M $24,904

    For 2021, Denali State Bank had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $17,754
    Net interest income $17,319
    Total noninterest income $3,989
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $365
    Trading account gains and fees $0
    Additional Noninterest Income $3,624
    Pre-tax net operating income $6,314
    Securities gains (or losses, -) $1
    Income before extraordinary items $4,893
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,893
    Minority interest net income $0
    Net income $4,893
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,892

    Denali State Bank's gross interest income from loans was $17,754,000.
    Denali State Bank's net interest income from loans was $17,319,000.
    Denali State Bank's fee based income from loans was $365,000.
    Denali State Bank's net income from loans was $4,893,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $435
    Provision for credit losses $990
    Total noninterest expense $14,004
    Salaries and employee benefits $9,345
    Premises and equipment expense $1,258
    Additional noninterest expense $3,401
    Applicable income taxes $1,422
    Net charge-offs $116
    Cash dividends $2,066

    Denali State Bank's interest expense for loans was $435,000.
    Denali State Bank's payroll and benefits expense were $9,345,000.
    Denali State Bank's property, plant and equipment expenses $1,258,000.

    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 2.0%
    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 $424,883
    Deposits held in domestic offices $424,883
    Deposits by Individuals, partnerships, and corporations $373,130
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $51,505
    Deposits by Commercial banks and other depository institutions in U.S. $248
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $39,081
    Demand deposits $27,103
    Nontransaction accounts $385,802
    Money market deposit accounts (MMDAs) $71,135
    Other savings deposits (excluding MMDAs) $287,392
    Total time deposits $27,275
    Total time and savings deposits $397,780
    Noninterest-bearing deposits $186,921
    Interest-bearing deposits $237,962
    Retail deposits $415,495
    IRAs and Keogh plan accounts $7,411
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $470,847
    Cash & Balances due from depository institutions $31,191
    Interest-bearing balances $28,312
    Total securities $140,288
    Federal funds sold & reverse repurchase $0
    Net loans and leases $273,240
    Loan and leases loss allowance $5,225
    Trading account assets $9,647
    Bank premises and fixed assets $5,231
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $11,250

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $470,847
    Total Liabilities $428,071
    Total deposits $424,883
    Interest-bearing deposits $237,962
    Deposits held in domestic offices $424,883
    % insured (estimated) $63
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $367
    Subordinated debt $0
    All other liabilities $2,821

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $273,240
    Loan and leases loss allowance $5,225
    Total loans and leases (domestic) $278,465
    All real estate loans $126,060
    Real estate loans in domestic offices $126,060
    Construction and development loans $14,409
    Residential 1-4 family construction $5,310
    Other construction, all land development and other land $9,099
    Loans secured by nonfarm nonresidential properties $71,884
    Nonfarm nonresidential secured by owner-occupied properties $46,003
    Commercial real estate & other non-farm, non-residential $25,881
    Multifamily residential real estate $3,715
    1-4 family residential loans $36,052
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $114,929
    To non-U.S. addressees $0
    Loans to individuals $37,877
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $33,382
    Other loans to individuals $4,495
    All other loans & leases $17
    Loans to foreign governments and official institutions $0
    Other loans $17
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $258
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $303
    Non 1-4 family restructured loans & leases $57
    Total loans and leases (foreign) $0

    Denali State Bank had $273,240,000 of loans outstanding in 2021. $126,060,000 of loans were in real estate loans. $14,409,000 of loans were in development loans. $3,715,000 of loans were in multifamily mortgage loans. $36,052,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $33,382,000 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 95 $20,301 $213,695
    Nonfarm, nonresidential loans - <$100k 7 $319 $45,571
    Nonfarm, nonresidential loans - $100-250k 40 $4,840 $121,000
    Nonfarm, nonresidential loans - $250k-1MM 48 $15,142 $315,458
    Commercial & Industrial, US addressed loans - <$1MM 171 $20,590 $120,409
    Commercial & Industrial, US addressed loans - <$100k 89 $2,662 $29,910
    Commercial & Industrial, US addressed loans - $100-250k 37 $3,587 $96,946
    Commercial & Industrial, US addressed loans - $250k-1MM 45 $14,341 $318,689