Adams Bank & Trust Mortgage Rates, Fees & Info

Ogallala, NE

LEI: 54930040GLSEV5H11Q12

Tax ID: 47-0467141

5 stars - out of 5 stars, based on 27 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Adams Bank & Trust is a smaller bank specializing in Home Purchase and Refi loans. Adams Bank & Trust 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.) They have a low ratio of USDA loans. Their top markets include North Platte, Colorado Springs, Fort Collins, Denver, and Greeley among others. Adams Bank & Trust has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Adams Bank & Trust is typically an average fee lendor.


Originations

708

Origination Dollar Volume (All Markets)

$159,510,000

Employee count

220 Show all (10) awards

Relative Rate

Adams Bank & Trust's average 30 year fixed rate mortgage of loans were 2.99%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.16%.

Relative Fees

Adams Bank & Trust's average total fees for a 30 year fixed rate mortgage are $3,549.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Outside of Metro Areas 263 $39,005,000 $148,308 $2,794 3.54%
North Platte, NE (FHA|USDA|VA) 175 $23,965,000 $136,943 $2,721 3.19%
COLORADO SPRINGS, CO (FHA|USDA|VA) 60 $22,830,000 $380,500 $4,195 3.29%
FORT COLLINS, CO (FHA|USDA|VA) 38 $15,470,000 $407,105 $3,480 3.16%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 34 $11,700,000 $344,118 $3,475 3.08%
GREELEY, CO (FHA|USDA|VA) 25 $7,665,000 $306,600 $3,047 3.23%
BOULDER, CO (FHA|USDA|VA) 22 $6,960,000 $316,364 $3,329 3.19%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 16 $6,520,000 $407,500 $5,017 4.48%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 8 $3,710,000 $463,750 $5,493 4.86%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 11 $3,195,000 $290,455 $2,508 3.80%
Breckenridge, CO (FHA|USDA|VA) 4 $2,660,000 $665,000 $3,793 3.28%
Garden City, KS (FHA|USDA|VA) 3 $1,925,000 $641,667 $0 4.13%
Cañon City, CO (FHA|USDA|VA) 3 $1,895,000 $631,667 $6,541 3.65%
Steamboat Springs, CO (FHA|USDA|VA) 3 $1,695,000 $565,000 $3,565 2.83%
Scottsbluff, NE (FHA|USDA|VA) 1 $1,315,000 $1,315,000 $0 4.00%
Columbus, NE (FHA|USDA|VA) 3 $1,275,000 $425,000 $0 4.25%
Lexington, NE (FHA|USDA|VA) 7 $1,135,000 $162,143 $2,550 2.52%
Kearney, NE (FHA|USDA|VA) 5 $1,065,000 $213,000 $2,127 3.33%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 2 $890,000 $445,000 $3,168 3.00%
LINCOLN, NE (FHA|USDA|VA) 6 $800,000 $133,333 $1,856 3.46%
Hastings, NE (FHA|USDA|VA) 3 $745,000 $248,333 $3,771 2.92%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $365,000 $365,000 $16,789 3.13%
Sterling, CO (FHA|USDA|VA) 2 $360,000 $180,000 $3,648 2.75%
Glenwood Springs, CO (FHA|USDA|VA) 1 $345,000 $345,000 $2,572 2.63%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $265,000 $265,000 $12,647 2.75%
Hays, KS (FHA|USDA|VA) 2 $240,000 $120,000 $3,259 4.25%
Laramie, WY (FHA|USDA|VA) 1 $215,000 $215,000 $2,959 3.13%
CHICO, CA (FHA|USDA|VA) 1 $205,000 $205,000 $2,427 4.75%
PROVO-OREM, UT (FHA|USDA|VA) 1 $205,000 $205,000 $6,626 3.63%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $185,000 $185,000 $3,248 2.63%
BOISE CITY, ID (FHA|USDA|VA) 1 $175,000 $175,000 $2,828 2.50%
Beatrice, NE (FHA|USDA|VA) 1 $155,000 $155,000 $1,825 3.13%
RAPID CITY, SD (FHA|USDA|VA) 1 $155,000 $155,000 $0 4.50%
Stillwater, OK (FHA|USDA|VA) 1 $145,000 $145,000 $3,508 4.00%
CHEYENNE, WY (FHA|USDA|VA) 1 $75,000 $75,000 $2,502 3.38%

Adams Bank & Trust's top markets include North Platte, Colorado Springs, Fort Collins, Denver, and Greeley among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 638 $147,290,000 $230,862 $2,900 3.47%
FHA 28 $4,070,000 $145,357 $5,588 2.77%
USDA 24 $3,090,000 $128,750 $4,250 2.71%
VA 18 $5,060,000 $281,111 $5,591 2.62%

For the 2021 period, Adams Bank & Trust's most frequently originated loan type of loans were Conventional, with 638 originations. Their 2nd most popular type is FHA, with 28 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 355 $73,855,000 $208,042 $3,733 3.54%
Refi 181 $51,275,000 $283,287 $2,671 3.17%
Cash Out Refi 148 $31,120,000 $210,270 $2,764 3.24%
Home Improvement 20 $2,710,000 $135,500 $1,669 3.53%
Other 4 $550,000 $137,500 $1,715 5.06%

For the 2021, Adams Bank & Trust's most frequently cited loan purpose of loans were Home Purchase, with 355 originations. The 2nd most popular reason of loans were Refi, with 181 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 361 $93,575,000 $259,211 $3,549 2.99%
15 Year 97 $15,045,000 $155,103 $2,433 3.00%
10 Year 83 $14,485,000 $174,518 $819 3.89%
Other 79 $16,965,000 $214,747 $2,744 4.08%
20 Year 41 $6,485,000 $158,171 $2,421 3.56%
1 Year 32 $11,000,000 $343,750 $4,846 5.44%
5 Year 15 $1,955,000 $130,333 $534 4.42%

For the 2021, Adams Bank & Trust's most frequently cited loan length of loans were 30 Year, with 361 originations. The 2nd most popular length of loans were 15 Year, with 97 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 457 $100,825,000 $220,624
$<1k 62 $4,300,000 $69,355
$2k-3k 44 $12,560,000 $285,455
$3k-4k 28 $11,500,000 $410,714
$5k+ 9 $6,495,000 $721,667

$3,549 of loans were Adams Bank & Trust's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 457 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 218 $50,510,000 $231,697
3-4% 212 $53,830,000 $253,915
4-5% 121 $20,735,000 $171,364
<2.5% 120 $23,140,000 $192,833
5-6% 33 $11,185,000 $338,939
7-8% 3 $85,000 $28,333
6-7% 1 $25,000 $25,000

During 2021, Adams Bank & Trust's average interest rate of loans were 2.99%, while their most frequently originated rate bucket of loans were 2.5-3%, with 218 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 221 $32,145,000 $145,452 $2,991 3.22%
$200k-400k 194 $55,940,000 $288,351 $3,552 3.27%
$100,000 or less 191 $11,305,000 $59,188 $1,975 3.69%
$400k-600k 78 $37,280,000 $477,949 $4,304 3.29%
$600k-1MM 16 $12,200,000 $762,500 $5,691 3.77%
$1MM+ 8 $10,640,000 $1,330,000 $8,465 4.30%

2021 saw Adams Bank & Trust place emphasis on $100k-200k loans with 221 originations, totaling $32,145,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 139 $22,685,000 $163,201 $2,987 3.21%
$100k-150k 131 $34,185,000 $260,954 $3,051 3.24%
$50k or less 122 $12,400,000 $101,639 $2,863 3.39%
$75k-100k 96 $17,020,000 $177,292 $3,103 3.36%
$150k-250k 92 $29,300,000 $318,478 $3,459 3.19%
$250k+ 54 $21,670,000 $401,296 $3,883 3.26%

Adams Bank & Trust lent most frequently to those with incomes in the $50k-75k range, with 139 originations. The second most popular income band? $100k-150k, with 131 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 159 $34,405,000 $216,384 $2,867 3.06%
30-36% 116 $25,990,000 $224,052 $3,190 3.18%
<20% 83 $19,575,000 $235,843 $3,316 3.30%
40% 24 $5,280,000 $220,000 $3,630 3.28%
44% 24 $5,720,000 $238,333 $2,722 3.39%
42% 22 $3,580,000 $162,727 $3,045 3.34%
36% 21 $5,155,000 $245,476 $3,512 3.38%
41% 19 $4,595,000 $241,842 $3,219 3.12%
37% 18 $5,070,000 $281,667 $2,781 3.06%
39% 17 $3,745,000 $220,294 $3,434 3.00%
38% 17 $3,075,000 $180,882 $2,838 3.18%
43% 17 $3,655,000 $215,000 $3,191 3.33%
45% 15 $2,755,000 $183,667 $2,713 2.73%
47% 10 $2,230,000 $223,000 $2,698 3.01%
48% 10 $2,150,000 $215,000 $2,968 2.82%
50-60% 10 $2,120,000 $212,000 $3,934 4.01%
46% 9 $2,035,000 $226,111 $3,124 3.18%
49% 8 $2,390,000 $298,750 $6,039 2.83%
>60% 4 $730,000 $182,500 $2,721 4.56%

Adams 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 116 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 577 $126,805,000 $219,766 $3,145 3.34%
Not applicable 55 $17,435,000 $317,000 $0 4.35%
Not provided 64 $12,110,000 $189,219 $3,083 3.12%
Asian 6 $1,500,000 $250,000 $5,237 2.96%
Black 2 $620,000 $310,000 $3,676 3.00%
American Indian 3 $535,000 $178,333 $2,878 3.08%
Asian Indian 1 $505,000 $505,000 $0 4.50%

Approval Rates

Total approvals of all applications
89.25%

Adams Bank & Trust has an average approval rate.

Pick Rate

Approvals leading to origination
85.34%

Adams Bank & Trust has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 708 $159,510,000 $225,297

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
708 $159,510,000 $225,297

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 84 $17,670,000 $210,357 $2,904 3.99%
40-60% 116 $29,520,000 $254,483 $2,955 3.23%
60-80% 257 $68,065,000 $264,844 $3,120 3.43%
80-100% 209 $41,495,000 $198,541 $3,657 3.14%
Over 100% 1 $265,000 $265,000 $12,647 2.75%
Under 20% 41 $2,495,000 $60,854 $714 3.68%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Adams Bank & Trust 3221 South Jeffers Street North Platte, NE 69101 Full Service B&M $0
Adams Bank & Trust 10 E Ken Pratt Blvd Longmont, CO 80501 Full Service B&M $41,163
Adams Bank & Trust 1005 South Range Avenue, Suite 300 Colby, KS 67701 Full Service B&M $26,263
Adams Bank & Trust 108 South Perkins Avenue Madrid, NE 69150 Full Service B&M $19,255
Adams Bank & Trust 1201 Lake Avenue Berthoud, CO 80513 Full Service B&M $89,721
Adams Bank & Trust 121 South Jeffers Street North Platte, NE 69101 Full Service B&M $66,768
Adams Bank & Trust 131 Walnut Street Sutherland, NE 69165 Full Service B&M $29,690
Adams Bank & Trust 1310 Garden Of The Gods Road Colorado Springs, CO 80907 Full Service B&M $113,540
Adams Bank & Trust 148 Remington Street, Suite 101 Fort Collins, CO 80524 Full Service B&M $0
Adams Bank & Trust 150 Central Avenue Grant, NE 69140 Full Service B&M $42,002
Adams Bank & Trust 202 State Street Brule, NE 69127 Full Service B&M $19,874
Adams Bank & Trust 205 North 4th Street Indianola, NE 69034 Full Service B&M $26,947
Adams Bank & Trust 265 East Cheyenne Mountain Boulevard Colorado Springs, CO 80906 Full Service B&M $0
Adams Bank & Trust 315 North Spruce Street Ogallala, NE 69153 Full Service B&M $221,280
Adams Bank & Trust 519 West Main Street, Suite B Sterling, CO 80751 Full Service B&M $6,385
Adams Bank & Trust 545 Broadway Imperial, NE 69033 Full Service B&M $98,274
Adams Bank & Trust 641 2nd Street Chappell, NE 69129 Full Service B&M $38,264
Adams Bank & Trust 702 Sheldon Street Lodgepole, NE 69149 Full Service B&M $7,980
Adams Bank & Trust 7800 South College Avenue Fort Collins, CO 80525 Full Service B&M $75,550
Adams Bank & Trust 8308 Colorado Blvd Firestone, CO 80520 Full Service B&M $48,915

For 2021, Adams Bank & Trust had 20 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $49,327
Net interest income $45,712
Total noninterest income $9,381
Gross Fiduciary activities income $889
Service charges on deposit accounts $1,592
Trading account gains and fees $0
Additional Noninterest Income $6,900
Pre-tax net operating income $20,607
Securities gains (or losses, -) $-1,433
Income before extraordinary items $15,421
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $15,421
Minority interest net income $0
Net income $15,421
Sale, conversion, retirement of capital stock, net $0
Net operating income $16,567

Adams Bank & Trust's gross interest income from loans was $49,327,000.
Adams Bank & Trust's net interest income from loans was $45,712,000.
Adams Bank & Trust's fee based income from loans was $1,592,000.
Adams Bank & Trust's net income from loans was $15,421,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $3,615
Provision for credit losses $338
Total noninterest expense $34,148
Salaries and employee benefits $21,199
Premises and equipment expense $3,049
Additional noninterest expense $9,900
Applicable income taxes $3,753
Net charge-offs $-91
Cash dividends $6,000

Adams Bank & Trust's interest expense for loans was $3,615,000.
Adams Bank & Trust's payroll and benefits expense were $21,199,000.
Adams Bank & Trust's property, plant and equipment expenses $3,049,000.

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 $1,040,636
Deposits held in domestic offices $1,040,636
Deposits by Individuals, partnerships, and corporations $848,993
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $186,253
Deposits by Commercial banks and other depository institutions in U.S. $5,390
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $249,722
Demand deposits $193,686
Nontransaction accounts $790,914
Money market deposit accounts (MMDAs) $287,276
Other savings deposits (excluding MMDAs) $286,225
Total time deposits $217,413
Total time and savings deposits $846,950
Noninterest-bearing deposits $219,958
Interest-bearing deposits $820,678
Retail deposits $986,646
IRAs and Keogh plan accounts $19,793
Brokered deposits $2,000
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $1,181,623
Cash & Balances due from depository institutions $111,313
Interest-bearing balances $96,716
Total securities $299,243
Federal funds sold & reverse repurchase $0
Net loans and leases $734,497
Loan and leases loss allowance $12,996
Trading account assets $0
Bank premises and fixed assets $15,496
Other real estate owned $0
Goodwill and other intangibles $0
All other assets $21,074

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $1,181,623
Total Liabilities $1,073,038
Total deposits $1,040,636
Interest-bearing deposits $820,678
Deposits held in domestic offices $1,040,636
% insured (estimated) $78
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $27,000
Subordinated debt $0
All other liabilities $5,402

Issued Loan Types

Type Value (in 000's)
Net loans and leases $734,497
Loan and leases loss allowance $12,996
Total loans and leases (domestic) $747,493
All real estate loans $523,538
Real estate loans in domestic offices $523,538
Construction and development loans $53,534
Residential 1-4 family construction $16,900
Other construction, all land development and other land $36,634
Loans secured by nonfarm nonresidential properties $245,967
Nonfarm nonresidential secured by owner-occupied properties $129,328
Commercial real estate & other non-farm, non-residential $116,639
Multifamily residential real estate $21,874
1-4 family residential loans $114,949
Farmland loans $87,214
Loans held in foreign offices $0
Farm loans $125,792
Commercial and industrial loans $79,685
To non-U.S. addressees $0
Loans to individuals $12,839
Credit card loans $0
Related Plans $1,037
Consumer Auto Loans $6,208
Other loans to individuals $5,594
All other loans & leases $5,639
Loans to foreign governments and official institutions $0
Other loans $3,165
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 $687
Non 1-4 family restructured loans & leases $655
Total loans and leases (foreign) $0

Adams Bank & Trust had $734,497,000 of loans outstanding in 2021. $523,538,000 of loans were in real estate loans. $53,534,000 of loans were in development loans. $21,874,000 of loans were in multifamily mortgage loans. $114,949,000 of loans were in 1-4 family mortgage loans. $125,792,000 of loans were in farm loans. $0 of loans were in credit card loans. $6,208,000 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 364 $80,184 $220,286
Nonfarm, nonresidential loans - <$100k 106 $4,083 $38,519
Nonfarm, nonresidential loans - $100-250k 104 $13,430 $129,135
Nonfarm, nonresidential loans - $250k-1MM 154 $62,671 $406,955
Commercial & Industrial, US addressed loans - <$1MM 753 $50,539 $67,117
Commercial & Industrial, US addressed loans - <$100k 589 $16,177 $27,465
Commercial & Industrial, US addressed loans - $100-250k 102 $11,382 $111,588
Commercial & Industrial, US addressed loans - $250k-1MM 62 $22,980 $370,645
Farmland loans - <$1MM 196 $30,584 $156,041
Farmland loans - <$100k 57 $2,199 $38,579
Farmland loans - $100-250k 76 $9,898 $130,237
Farmland loans - $250k-1MM 63 $18,487 $293,444
Agriculture operations loans - <$1MM 784 $79,677 $101,629
Agriculture operations loans - <$100k 547 $24,514 $44,815
Agriculture operations loans - $100-250k 158 $26,991 $170,829
Agriculture operations loans - $250k-1MM 79 $28,172 $356,608