Adams Bank & Trust Mortgage Rates, Fees & Info

Ogallala, NE

LEI: 54930040GLSEV5H11Q12

Tax ID: 47-0467141

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

    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 an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: North Platte, Colorado Springs, Fort Collins, Prescott Valley, and Greeley among others. We have data for 22 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Adams 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. Adams Bank & Trust is typically a low 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 6.63% 4/21/24
    30 Year Conventional Refi 6.25% 4/21/24
    30 Year Cash-out Refi 6.84% 4/21/24
    30 Year FHA Purchase 7.51% 4/21/24
    30 Year FHA Refi 6.91% 4/21/24
    30 Year VA Purchase 6.30% 4/21/24
    30 Year VA Refi 6.27% 4/21/24
    30 Year USDA Purchase 6.91% 4/21/24
    15 Year Conventional Purchase 7.02% 4/21/24
    15 Year Conventional Refi 6.41% 4/21/24
    15 Year Cash-out Refi 6.41% 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.

    Adams Bank & Trust Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Adams 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

    367

    Origination Dollar Volume (All Markets)

    $66,265,000

    Employee count

    183 Show all (5) 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
    Outside of Metro Areas 135 $14,535,000 $107,667 $2,237 5.18%
    North Platte, NE (FHA|USDA|VA) 91 $11,025,000 $121,154 $2,960 4.98%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 21 $10,995,000 $523,571 $4,444 5.19%
    FORT COLLINS, CO (FHA|USDA|VA) 34 $10,170,000 $299,118 $4,169 5.09%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 17 $6,385,000 $375,588 $5,246 5.28%
    GREELEY, CO (FHA|USDA|VA) 16 $4,830,000 $301,875 $3,753 5.13%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 8 $1,560,000 $195,000 $3,899 5.48%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 6 $1,130,000 $188,333 $3,671 5.60%
    Sterling, CO (FHA|USDA|VA) 8 $950,000 $118,750 $2,762 5.56%
    Lexington, NE (FHA|USDA|VA) 14 $890,000 $63,571 $3,022 5.28%
    BOULDER, CO (FHA|USDA|VA) 4 $860,000 $215,000 $2,622 5.78%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 3 $475,000 $158,333 $1,612 5.01%
    PUEBLO, CO (FHA|USDA|VA) 1 $445,000 $445,000 $0 5.50%
    Kearney, NE (FHA|USDA|VA) 1 $355,000 $355,000 $2,716 4.75%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $295,000 $295,000 $3,054 5.13%
    GRAND JUNCTION, CO (FHA|USDA|VA) 1 $275,000 $275,000 $3,429 5.63%
    Cañon City, CO (FHA|USDA|VA) 1 $235,000 $235,000 $0 5.54%
    TUCSON, AZ (FHA|USDA|VA) 1 $205,000 $205,000 $5,460 5.87%
    GRAND ISLAND, NE (FHA|USDA|VA) 1 $195,000 $195,000 $2,379 4.13%
    LINCOLN, NE (FHA|USDA|VA) 1 $195,000 $195,000 $2,054 4.25%
    Dodge City, KS (FHA|USDA|VA) 1 $185,000 $185,000 $5,233 4.00%
    Garden City, KS (FHA|USDA|VA) 1 $75,000 $75,000 $0 5.25%
    Adams Bank & Trust's top markets include North Platte, Colorado Springs, Fort Collins, Prescott Valley, and Greeley among others.

    Their top states include:
  • Colorado (FHA|USDA|VA)
  • Nebraska (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Kansas (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Adams Bank & Trust based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    West Gate Bank
    Similarity Rank: 260
    DENVER COMMUNITY
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    Third Federal Savings and Loan Association of Cleveland
    Similarity Rank: 614
    Guaranty Bank and Trust Co
    Similarity Rank: 833
    First American State Bank
    Similarity Rank: 985
    Aurora Financial, LLC
    Similarity Rank: 1080
    Credit Union Lending Source
    Similarity Rank: 1148
    Calatlantic Morgage Inc.
    Similarity Rank: 1404
    ROCKY MOUNTAIN LAW ENFORCEMENT FCU
    Similarity Rank: 1470
    HUNT MORTGAGE CORPORATION
    Similarity Rank: 1890

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 318 $59,660,000 $187,610 $2,792 5.25%
    FHA 28 $3,730,000 $133,214 $4,918 4.57%
    USDA 11 $1,015,000 $92,273 $3,500 4.68%
    VA 10 $1,860,000 $186,000 $4,477 4.08%

    For 2018, Adams Bank & Trust's most frequently originated type of loan was Conventional, with 318 originations. Their 2nd most popular type was FHA, with 28 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 245 $45,035,000 $183,816 $3,429 5.15%
    Refi 77 $14,005,000 $181,883 $2,312 5.28%
    Cash Out Refi 30 $6,460,000 $215,333 $3,214 4.74%
    Home Improvement 8 $250,000 $31,250 $437 5.02%
    Other 7 $515,000 $73,571 $1,201 5.76%

    For 2018, Adams Bank & Trust's most frequently cited loan purpose was Home Purchase, with 245 originations. The 2nd most popular reason was Refi, with 77 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 166 $30,730,000 $185,120 $3,383 4.72%
    Other 81 $15,545,000 $191,914 $3,024 5.71%
    15 Year 35 $4,405,000 $125,857 $2,057 5.20%
    1 Year 31 $8,305,000 $267,903 $4,206 5.51%
    10 Year 25 $3,245,000 $129,800 $974 5.29%
    20 Year 18 $2,200,000 $122,222 $2,033 5.36%
    5 Year 11 $1,835,000 $166,818 $511 5.75%

    For 2018, Adams Bank & Trust's most frequently cited loan duration was 30 Year, with 166 originations. The 2nd most popular length was Other, with 81 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 186 $34,240,000 $184,086
    $<1k 83 $5,725,000 $68,976
    $2k-3k 23 $6,135,000 $266,739
    $3k-4k 11 $5,375,000 $488,636
    $4k-5k 4 $1,570,000 $392,500
    $5k+ 3 $1,625,000 $541,667

    Adams Bank & Trust's average total fees were $3,383, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 186 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 163 $29,305,000 $179,785
    4-5% 147 $30,865,000 $209,966
    6-7% 34 $3,260,000 $95,882
    3-4% 19 $2,765,000 $145,526
    <2.5% 2 $30,000 $15,000
    Over 8% 2 $40,000 $20,000

    During 2018, Adams Bank & Trust's average interest rate for loans was 4.72%, while their most frequently originated rate bucket for loans was 5-6%, with 163 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 142 $8,360,000 $58,873 $1,984 5.30%
    $100k-200k 111 $16,045,000 $144,550 $2,939 5.01%
    $200k-400k 90 $24,930,000 $277,000 $3,921 5.07%
    $400k-600k 17 $8,005,000 $470,882 $4,532 5.09%
    $600k-1MM 6 $4,350,000 $725,000 $9,346 5.72%
    $1MM+ 1 $4,575,000 $4,575,000 $0 4.25%

    2018 saw Adams Bank & Trust place emphasis on $100,000 or less loans with 142 originations, totaling $8,360,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 74 $11,270,000 $152,297 $3,003 4.99%
    $50k or less 71 $5,685,000 $80,070 $2,320 5.02%
    $75k-100k 62 $12,240,000 $197,419 $3,691 4.92%
    $100k-150k 51 $9,615,000 $188,529 $2,903 5.21%
    $150k-250k 40 $7,470,000 $186,750 $2,722 5.40%
    $250k+ 18 $5,200,000 $288,889 $3,510 5.26%

    Adams Bank & Trust lent most frequently to those with incomes in the $50k-75k range, with 74 originations. The second most popular income band? $50k or less, with 71 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 71 $10,555,000 $148,662 $2,790 5.23%
    30-36% 57 $8,255,000 $144,825 $2,947 4.98%
    <20% 40 $5,160,000 $129,000 $2,254 5.09%
    42% 17 $3,245,000 $190,882 $2,799 5.12%
    37% 15 $2,405,000 $160,333 $4,024 4.96%
    41% 12 $2,170,000 $180,833 $3,035 5.03%
    39% 11 $1,915,000 $174,091 $2,588 4.99%
    46% 11 $2,715,000 $246,818 $3,577 4.99%
    40% 10 $1,760,000 $176,000 $3,601 5.21%
    50-60% 10 $1,400,000 $140,000 $2,169 5.09%
    47% 9 $2,065,000 $229,444 $4,453 5.35%
    44% 8 $1,500,000 $187,500 $2,845 5.16%
    38% 8 $1,330,000 $166,250 $3,219 4.48%
    45% 8 $1,410,000 $176,250 $3,290 4.59%
    48% 7 $995,000 $142,143 $2,466 5.10%
    36% 7 $1,075,000 $153,571 $3,094 5.09%
    43% 4 $1,180,000 $295,000 $3,649 4.95%
    49% 4 $790,000 $197,500 $4,216 4.85%
    >60% 1 $595,000 $595,000 $6,348 5.61%

    Adams Bank & Trust lent most frequently to those with DTI ratios of 20-30%, with 71 originations. The next most common DTI ratio? 30-36%, with 57 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 296 $50,070,000 $169,155 $3,012 5.10%
    Not applicable 36 $9,570,000 $265,833 $0 5.57%
    Not provided 28 $5,290,000 $188,929 $3,573 5.08%
    Asian 4 $950,000 $237,500 $2,959 5.60%
    Black 1 $205,000 $205,000 $3,338 4.75%
    American Indian 2 $180,000 $90,000 $3,606 4.92%

    Approval Rates

    Total approvals of all applications
    91.09%

    Adams Bank & Trust has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.92%

    Adams Bank & Trust has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    150.0 1 $5,000 $5,000
    675.0 1 $55,000 $55,000
    NA 365 $66,205,000 $181,384

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 23 $6,985,000 $303,696
    Single Family (1-4 Units):Manufactured 18 $2,200,000 $122,222
    Single Family (1-4 Units):Site-Built 326 $57,080,000 $175,092

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 44 $6,660,000 $151,364 $2,579 5.57%
    40-60% 58 $16,710,000 $288,103 $3,077 5.08%
    60-80% 101 $19,395,000 $192,030 $3,099 5.28%
    80-100% 122 $20,260,000 $166,066 $3,490 4.80%
    Over 100% 1 $155,000 $155,000 $3,995 3.88%
    Under 20% 41 $3,085,000 $75,244 $1,064 5.57%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Adams Bank & Trust 10 E Ken Pratt Blvd Longmont, CO 80501 Full Service B&M $34,751
    Adams Bank & Trust 108 South Perkins Avenue Madrid, NE 69150 Full Service B&M $13,175
    Adams Bank & Trust 1201 Lake Avenue Berthoud, CO 80513 Full Service B&M $53,723
    Adams Bank & Trust 121 South Jeffers Street North Platte, NE 69101 Full Service B&M $56,458
    Adams Bank & Trust 131 Walnut Street Sutherland, NE 69165 Full Service B&M $27,539
    Adams Bank & Trust 1310 Garden Of The Gods Road Colorado Springs, CO 80907 Full Service B&M $62,014
    Adams Bank & Trust 150 Central Avenue Grant, NE 69140 Full Service B&M $23,505
    Adams Bank & Trust 202 State Street Brule, NE 69127 Full Service B&M $18,344
    Adams Bank & Trust 205 North 4th Street Indianola, NE 69034 Full Service B&M $22,141
    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 $136,770
    Adams Bank & Trust 3221 South Jeffers Street North Platte, NE 69101 Full Service B&M $0
    Adams Bank & Trust 370 North Franklin Avenue Colby, KS 67701 Full Service B&M $5,498
    Adams Bank & Trust 519 West Main Street #b Sterling, CO 80751 Full Service B&M $2,206
    Adams Bank & Trust 545 Broadway Imperial, NE 69033 Full Service B&M $74,702
    Adams Bank & Trust 641 2nd Street Chappell, NE 69129 Full Service B&M $15,431
    Adams Bank & Trust 702 Sheldon Street Lodgepole, NE 69149 Full Service B&M $6,407
    Adams Bank & Trust 7800 South College Avenue Fort Collins, CO 80525 Full Service B&M $38,515
    Adams Bank & Trust 8308 Colorado Blvd Firestone, CO 80520 Full Service B&M $39,972

    For 2018, Adams Bank & Trust had 19 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $39,914
    Net interest income $33,946
    Total noninterest income $6,151
    Gross Fiduciary activities income $615
    Service charges on deposit accounts $1,876
    Trading account gains and fees $0
    Additional Noninterest Income $3,660
    Pre-tax net operating income $12,160
    Securities gains (or losses, -) $0
    Income before extraordinary items $9,952
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $9,952
    Minority interest net income $0
    Net income $9,952
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $9,952

    Adams Bank & Trust's gross interest income from loans was $39,914,000.
    Adams Bank & Trust's net interest income from loans was $33,946,000.
    Adams Bank & Trust's fee based income from loans was $1,876,000.
    Adams Bank & Trust's net income from loans was $9,952,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $5,968
    Provision for credit losses $1,588
    Total noninterest expense $26,349
    Salaries and employee benefits $15,232
    Premises and equipment expense $2,861
    Additional noninterest expense $8,256
    Applicable income taxes $2,208
    Net charge-offs $1,046
    Cash dividends $5,000

    Adams Bank & Trust's interest expense for loans was $5,968,000.
    Adams Bank & Trust's payroll and benefits expense were $15,232,000.
    Adams Bank & Trust's property, plant and equipment expenses $2,861,000.

    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 $664,581
    Deposits held in domestic offices $664,581
    Deposits by Individuals, partnerships, and corporations $569,251
    Deposits by U.S. Government $3
    Deposits by States and political subdivisions in the U.S. $91,125
    Deposits by Commercial banks and other depository institutions in U.S. $4,202
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $131,220
    Demand deposits $95,488
    Nontransaction accounts $533,361
    Money market deposit accounts (MMDAs) $159,840
    Other savings deposits (excluding MMDAs) $179,079
    Total time deposits $194,442
    Total time and savings deposits $569,093
    Noninterest-bearing deposits $139,360
    Interest-bearing deposits $525,221
    Retail deposits $622,915
    IRAs and Keogh plan accounts $21,170
    Brokered deposits $3,032
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $780,385
    Cash & Balances due from depository institutions $27,803
    Interest-bearing balances $15,735
    Total securities $26,015
    Federal funds sold & reverse repurchase $0
    Net loans and leases $694,464
    Loan and leases loss allowance $10,539
    Trading account assets $0
    Bank premises and fixed assets $14,007
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $18,096

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $780,385
    Total Liabilities $694,381
    Total deposits $664,581
    Interest-bearing deposits $525,221
    Deposits held in domestic offices $664,581
    % insured (estimated) $82
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $26,019
    Subordinated debt $0
    All other liabilities $3,781

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $694,464
    Loan and leases loss allowance $10,539
    Total loans and leases (domestic) $705,003
    All real estate loans $453,285
    Real estate loans in domestic offices $453,285
    Construction and development loans $44,688
    Residential 1-4 family construction $11,247
    Other construction, all land development and other land $33,441
    Loans secured by nonfarm nonresidential properties $164,379
    Nonfarm nonresidential secured by owner-occupied properties $87,199
    Commercial real estate & other non-farm, non-residential $77,180
    Multifamily residential real estate $26,343
    1-4 family residential loans $120,881
    Farmland loans $96,994
    Loans held in foreign offices $0
    Farm loans $149,921
    Commercial and industrial loans $76,624
    To non-U.S. addressees $0
    Loans to individuals $15,647
    Credit card loans $0
    Related Plans $1,407
    Consumer Auto Loans $7,029
    Other loans to individuals $7,211
    All other loans & leases $9,526
    Loans to foreign governments and official institutions $0
    Other loans $3,859
    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 $841
    Non 1-4 family restructured loans & leases $841
    Total loans and leases (foreign) $0

    Adams Bank & Trust had $694,464,000 of loans outstanding in 2018. $453,285,000 of loans were in real estate loans. $44,688,000 of loans were in development loans. $26,343,000 of loans were in multifamily mortgage loans. $120,881,000 of loans were in 1-4 family mortgage loans. $149,921,000 of loans were in farm loans. $0 of loans were in credit card loans. $7,029,000 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 347 $73,960 $213,141
    Nonfarm, nonresidential loans - <$100k 108 $4,744 $43,926
    Nonfarm, nonresidential loans - $100-250k 101 $13,543 $134,089
    Nonfarm, nonresidential loans - $250k-1MM 138 $55,673 $403,428
    Commercial & Industrial, US addressed loans - <$1MM 865 $62,331 $72,059
    Commercial & Industrial, US addressed loans - <$100k 684 $21,292 $31,129
    Commercial & Industrial, US addressed loans - $100-250k 111 $12,858 $115,838
    Commercial & Industrial, US addressed loans - $250k-1MM 70 $28,181 $402,586
    Farmland loans - <$1MM 212 $33,170 $156,462
    Farmland loans - <$100k 67 $2,603 $38,851
    Farmland loans - $100-250k 70 $9,032 $129,029
    Farmland loans - $250k-1MM 75 $21,535 $287,133
    Agriculture operations loans - <$1MM 903 $96,323 $106,670
    Agriculture operations loans - <$100k 598 $28,484 $47,632
    Agriculture operations loans - $100-250k 207 $34,973 $168,952
    Agriculture operations loans - $250k-1MM 98 $32,866 $335,367