Adams Bank & Trust Mortgage Rates, Fees & Info

Ogallala, NE

LEI: 54930040GLSEV5H11Q12

Tax ID: 47-0467141

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Mortgage Data

Bank Data

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: Colorado Springs, Fort Collins, North Platte, Denver, and Prescott Valley among others. We have data for 27 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.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.63% 3/28/24
30 Year Conventional Refi 6.25% 3/28/24
30 Year Cash-out Refi 6.84% 3/28/24
30 Year FHA Purchase 7.51% 3/28/24
30 Year FHA Refi 6.91% 3/28/24
30 Year VA Purchase 6.30% 3/28/24
30 Year VA Refi 6.27% 3/28/24
30 Year USDA Purchase 6.91% 3/28/24
15 Year Conventional Purchase 7.02% 3/28/24
15 Year Conventional Refi 6.41% 3/28/24
15 Year Cash-out Refi 6.41% 3/28/24
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

500

Origination Dollar Volume (All Markets)

$92,260,000

Employee count

201 Show all (10) 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 204 $22,070,000 $108,186 $2,027 4.63%
COLORADO SPRINGS, CO (FHA|USDA|VA) 35 $15,145,000 $432,714 $4,361 4.65%
FORT COLLINS, CO (FHA|USDA|VA) 43 $14,775,000 $343,605 $3,449 4.74%
North Platte, NE (FHA|USDA|VA) 124 $14,560,000 $117,419 $2,842 4.56%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 12 $5,950,000 $495,833 $3,455 4.50%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 15 $5,515,000 $367,667 $4,386 5.23%
GREELEY, CO (FHA|USDA|VA) 13 $3,395,000 $261,154 $3,537 4.99%
BOULDER, CO (FHA|USDA|VA) 5 $2,115,000 $423,000 $3,769 4.30%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 4 $1,130,000 $282,500 $2,258 4.04%
LINCOLN, NE (FHA|USDA|VA) 6 $1,060,000 $176,667 $2,313 4.25%
SPRINGFIELD, MO (FHA|USDA|VA) 3 $895,000 $298,333 $3,048 4.38%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 5 $885,000 $177,000 $3,009 5.08%
Sterling, CO (FHA|USDA|VA) 7 $765,000 $109,286 $2,221 5.78%
Kearney, NE (FHA|USDA|VA) 3 $705,000 $235,000 $2,505 4.67%
Lexington, NE (FHA|USDA|VA) 5 $665,000 $133,000 $3,002 4.25%
Cañon City, CO (FHA|USDA|VA) 2 $430,000 $215,000 $3,256 5.54%
GRAND ISLAND, NE (FHA|USDA|VA) 2 $350,000 $175,000 $4,446 4.07%
BEND, OR (FHA|USDA|VA) 1 $345,000 $345,000 $5,555 5.75%
Columbus, NE (FHA|USDA|VA) 2 $320,000 $160,000 $1,411 4.98%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $255,000 $255,000 $4,518 5.50%
TUCSON, AZ (FHA|USDA|VA) 1 $225,000 $225,000 $3,997 4.38%
Fort Morgan, CO (FHA|USDA|VA) 1 $155,000 $155,000 $5,225 3.25%
McPherson, KS (FHA|USDA|VA) 1 $155,000 $155,000 $2,368 3.13%
Fremont, NE (FHA|USDA|VA) 2 $130,000 $65,000 $1,264 2.63%
PUEBLO, CO (FHA|USDA|VA) 1 $95,000 $95,000 $0 4.87%
Toccoa, GA (FHA|USDA|VA) 1 $95,000 $95,000 $2,726 4.13%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $75,000 $75,000 $3,334 3.25%
Adams Bank & Trust's top markets include Colorado Springs, Fort Collins, North Platte, Denver, and Prescott Valley among others.

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

    CENTRIS FEDERAL CREDIT UNION
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 440 $82,830,000 $188,250 $2,366 4.74%
    FHA 31 $4,635,000 $149,516 $5,442 4.10%
    VA 16 $3,660,000 $228,750 $5,195 3.77%
    USDA 13 $1,135,000 $87,308 $3,606 3.84%

    For 2019, Adams Bank & Trust's most frequently originated type of loan was Conventional, with 440 originations. Their 2nd most popular type was FHA, with 31 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 293 $55,615,000 $189,812 $3,449 4.65%
    Refi 121 $25,935,000 $214,339 $1,904 4.74%
    Cash Out Refi 43 $8,595,000 $199,884 $2,749 4.31%
    Home Improvement 22 $730,000 $33,182 $701 3.98%
    Other 21 $1,385,000 $65,952 $1,106 5.41%

    For 2019, Adams Bank & Trust's most frequently cited loan purpose was Home Purchase, with 293 originations. The 2nd most popular reason was Refi, with 121 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 213 $41,075,000 $192,840 $3,357 4.12%
    Other 71 $13,085,000 $184,296 $2,745 5.16%
    10 Year 61 $8,795,000 $144,180 $388 4.23%
    15 Year 48 $5,440,000 $113,333 $1,715 4.87%
    1 Year 46 $12,150,000 $264,130 $3,336 5.66%
    20 Year 45 $5,095,000 $113,222 $1,791 5.13%
    5 Year 16 $6,620,000 $413,750 $366 5.83%

    For 2019, Adams Bank & Trust's most frequently cited loan duration was 30 Year, with 213 originations. The 2nd most popular length was Other, with 71 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 260 $47,590,000 $183,038
    $<1k 113 $7,675,000 $67,920
    $2k-3k 27 $7,835,000 $290,185
    $3k-4k 5 $2,355,000 $471,000
    $4k-5k 5 $2,505,000 $501,000
    $5k+ 5 $3,615,000 $723,000

    Adams Bank & Trust's average total fees were $3,357, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 260 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 168 $33,050,000 $196,726
    5-6% 153 $30,115,000 $196,830
    3-4% 137 $26,265,000 $191,715
    <2.5% 18 $220,000 $12,222
    6-7% 18 $2,450,000 $136,111
    Over 8% 3 $115,000 $38,333
    7-8% 1 $15,000 $15,000

    During 2019, Adams Bank & Trust's average interest rate for loans was 4.12%, while their most frequently originated rate bucket for loans was 4-5%, with 168 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 199 $10,575,000 $53,141 $1,442 4.78%
    $100k-200k 147 $21,255,000 $144,592 $3,142 4.49%
    $200k-400k 112 $31,250,000 $279,018 $3,631 4.53%
    $400k-600k 30 $13,970,000 $465,667 $4,314 4.57%
    $600k-1MM 8 $5,870,000 $733,750 $6,429 5.58%
    $1MM+ 4 $9,340,000 $2,335,000 $7,790 5.01%

    2019 saw Adams Bank & Trust place emphasis on $100,000 or less loans with 199 originations, totaling $10,575,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 109 $9,915,000 $90,963 $2,510 4.59%
    $50k-75k 108 $13,160,000 $121,852 $2,442 4.38%
    $100k-150k 80 $16,640,000 $208,000 $2,701 4.43%
    $75k-100k 68 $10,810,000 $158,971 $2,958 4.45%
    $150k-250k 44 $13,770,000 $312,955 $3,419 4.65%
    $250k+ 23 $5,045,000 $219,348 $2,428 4.95%

    Adams Bank & Trust lent most frequently to those with incomes in the $50k or less range, with 109 originations. The second most popular income band? $50k-75k, with 108 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 106 $15,320,000 $144,528 $2,305 4.39%
    30-36% 71 $12,745,000 $179,507 $3,137 4.39%
    <20% 49 $4,875,000 $99,490 $1,806 4.73%
    44% 18 $2,800,000 $155,556 $2,418 4.43%
    41% 18 $2,640,000 $146,667 $2,409 4.68%
    38% 17 $2,925,000 $172,059 $2,973 4.46%
    43% 15 $3,005,000 $200,333 $2,331 4.33%
    42% 14 $2,250,000 $160,714 $3,225 4.36%
    39% 14 $1,780,000 $127,143 $2,707 4.49%
    45% 14 $2,190,000 $156,429 $3,299 4.69%
    50-60% 14 $3,550,000 $253,571 $3,387 5.10%
    49% 12 $3,050,000 $254,167 $2,891 3.95%
    37% 11 $2,175,000 $197,727 $2,644 3.85%
    40% 11 $1,755,000 $159,545 $2,681 3.93%
    46% 7 $1,675,000 $239,286 $4,149 4.31%
    48% 6 $1,610,000 $268,333 $4,487 4.54%
    36% 5 $555,000 $111,000 $1,832 5.31%
    47% 5 $805,000 $161,000 $4,953 4.20%
    >60% 5 $1,285,000 $257,000 $3,994 5.14%

    Adams Bank & Trust lent most frequently to those with DTI ratios of 20-30%, with 106 originations. The next most common DTI ratio? 30-36%, with 71 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 421 $69,795,000 $165,784 $2,730 4.54%
    Not applicable 50 $17,710,000 $354,200 $0 5.40%
    Not provided 25 $4,045,000 $161,800 $2,890 4.86%
    American Indian 2 $380,000 $190,000 $3,772 4.87%
    Asian 2 $330,000 $165,000 $2,866 5.00%

    Approval Rates

    Total approvals of all applications
    91.52%

    Adams Bank & Trust has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.60%

    Adams Bank & Trust has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    147.26 1 $15,000 $15,000
    1512.35 1 $25,000 $25,000
    3393.7 1 $75,000 $75,000
    794.36 1 $35,000 $35,000
    NA 496 $92,110,000 $185,706

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 2 $640,000 $320,000
    Multifamily:Site-Built 26 $12,080,000 $464,615
    Single Family (1-4 Units):Manufactured 32 $2,920,000 $91,250
    Single Family (1-4 Units):Site-Built 440 $76,620,000 $174,136

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 40 $6,160,000 $154,000 $2,106 5.04%
    40-60% 81 $18,265,000 $225,494 $2,221 4.86%
    60-80% 165 $40,295,000 $244,212 $2,940 4.86%
    80-100% 153 $24,575,000 $160,621 $3,430 4.28%
    Over 100% 5 $775,000 $155,000 $8,430 4.90%
    Under 20% 56 $2,190,000 $39,107 $461 4.35%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Adams Bank & Trust 131 Walnut Street Sutherland, NE 69165 Full Service B&M $28,090
    Adams Bank & Trust 10 E Ken Pratt Blvd Longmont, CO 80501 Full Service B&M $35,128
    Adams Bank & Trust 1005 South Range Avenue, Suite 300 Colby, KS 67701 Full Service B&M $8,346
    Adams Bank & Trust 108 South Perkins Avenue Madrid, NE 69150 Full Service B&M $13,105
    Adams Bank & Trust 1201 Lake Avenue Berthoud, CO 80513 Full Service B&M $54,277
    Adams Bank & Trust 121 South Jeffers Street North Platte, NE 69101 Full Service B&M $57,014
    Adams Bank & Trust 1310 Garden Of The Gods Road Colorado Springs, CO 80907 Full Service B&M $72,086
    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 $25,385
    Adams Bank & Trust 202 State Street Brule, NE 69127 Full Service B&M $19,312
    Adams Bank & Trust 205 North 4th Street Indianola, NE 69034 Full Service B&M $21,565
    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 $150,914
    Adams Bank & Trust 3221 South Jeffers Street North Platte, NE 69101 Full Service B&M $0
    Adams Bank & Trust 519 West Main Street, Suite B Sterling, CO 80751 Full Service B&M $4,058
    Adams Bank & Trust 545 Broadway Imperial, NE 69033 Full Service B&M $78,519
    Adams Bank & Trust 641 2nd Street Chappell, NE 69129 Full Service B&M $15,388
    Adams Bank & Trust 702 Sheldon Street Lodgepole, NE 69149 Full Service B&M $6,255
    Adams Bank & Trust 7800 South College Avenue Fort Collins, CO 80525 Full Service B&M $44,316
    Adams Bank & Trust 8308 Colorado Blvd Firestone, CO 80520 Full Service B&M $40,124

    For 2019, Adams Bank & Trust had 20 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $43,465
    Net interest income $36,079
    Total noninterest income $6,362
    Gross Fiduciary activities income $635
    Service charges on deposit accounts $1,869
    Trading account gains and fees $0
    Additional Noninterest Income $3,858
    Pre-tax net operating income $13,136
    Securities gains (or losses, -) $0
    Income before extraordinary items $10,704
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $10,704
    Minority interest net income $0
    Net income $10,704
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $10,704

    Adams Bank & Trust's gross interest income from loans was $43,465,000.
    Adams Bank & Trust's net interest income from loans was $36,079,000.
    Adams Bank & Trust's fee based income from loans was $1,869,000.
    Adams Bank & Trust's net income from loans was $10,704,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $7,386
    Provision for credit losses $1,109
    Total noninterest expense $28,196
    Salaries and employee benefits $16,695
    Premises and equipment expense $2,959
    Additional noninterest expense $8,542
    Applicable income taxes $2,432
    Net charge-offs $136
    Cash dividends $4,000

    Adams Bank & Trust's interest expense for loans was $7,386,000.
    Adams Bank & Trust's payroll and benefits expense were $16,695,000.
    Adams Bank & Trust's property, plant and equipment expenses $2,959,000.

    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 $715,181
    Deposits held in domestic offices $715,181
    Deposits by Individuals, partnerships, and corporations $616,531
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $94,249
    Deposits by Commercial banks and other depository institutions in U.S. $4,401
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $145,305
    Demand deposits $104,750
    Nontransaction accounts $569,876
    Money market deposit accounts (MMDAs) $180,763
    Other savings deposits (excluding MMDAs) $191,107
    Total time deposits $198,006
    Total time and savings deposits $610,431
    Noninterest-bearing deposits $150,225
    Interest-bearing deposits $564,956
    Retail deposits $673,734
    IRAs and Keogh plan accounts $20,908
    Brokered deposits $3,046
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $839,145
    Cash & Balances due from depository institutions $58,290
    Interest-bearing balances $44,460
    Total securities $17,772
    Federal funds sold & reverse repurchase $0
    Net loans and leases $729,399
    Loan and leases loss allowance $11,512
    Trading account assets $0
    Bank premises and fixed assets $13,020
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $20,664

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $839,145
    Total Liabilities $746,437
    Total deposits $715,181
    Interest-bearing deposits $564,956
    Deposits held in domestic offices $715,181
    % insured (estimated) $81
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $27,000
    Subordinated debt $0
    All other liabilities $4,256

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $729,399
    Loan and leases loss allowance $11,512
    Total loans and leases (domestic) $740,911
    All real estate loans $481,977
    Real estate loans in domestic offices $481,977
    Construction and development loans $54,035
    Residential 1-4 family construction $9,758
    Other construction, all land development and other land $44,277
    Loans secured by nonfarm nonresidential properties $172,343
    Nonfarm nonresidential secured by owner-occupied properties $89,514
    Commercial real estate & other non-farm, non-residential $82,829
    Multifamily residential real estate $27,012
    1-4 family residential loans $130,429
    Farmland loans $98,158
    Loans held in foreign offices $0
    Farm loans $149,946
    Commercial and industrial loans $83,971
    To non-U.S. addressees $0
    Loans to individuals $15,909
    Credit card loans $0
    Related Plans $1,336
    Consumer Auto Loans $6,589
    Other loans to individuals $7,984
    All other loans & leases $9,108
    Loans to foreign governments and official institutions $0
    Other loans $3,816
    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 $703
    Non 1-4 family restructured loans & leases $703
    Total loans and leases (foreign) $0

    Adams Bank & Trust had $729,399,000 of loans outstanding in 2019. $481,977,000 of loans were in real estate loans. $54,035,000 of loans were in development loans. $27,012,000 of loans were in multifamily mortgage loans. $130,429,000 of loans were in 1-4 family mortgage loans. $149,946,000 of loans were in farm loans. $0 of loans were in credit card loans. $6,589,000 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 350 $73,939 $211,254
    Nonfarm, nonresidential loans - <$100k 108 $4,356 $40,333
    Nonfarm, nonresidential loans - $100-250k 98 $12,942 $132,061
    Nonfarm, nonresidential loans - $250k-1MM 144 $56,641 $393,340
    Commercial & Industrial, US addressed loans - <$1MM 849 $62,363 $73,455
    Commercial & Industrial, US addressed loans - <$100k 670 $20,557 $30,682
    Commercial & Industrial, US addressed loans - $100-250k 102 $12,689 $124,402
    Commercial & Industrial, US addressed loans - $250k-1MM 77 $29,117 $378,143
    Farmland loans - <$1MM 205 $33,562 $163,717
    Farmland loans - <$100k 58 $2,205 $38,017
    Farmland loans - $100-250k 78 $9,939 $127,423
    Farmland loans - $250k-1MM 69 $21,418 $310,406
    Agriculture operations loans - <$1MM 927 $98,621 $106,387
    Agriculture operations loans - <$100k 622 $29,723 $47,786
    Agriculture operations loans - $100-250k 201 $33,206 $165,204
    Agriculture operations loans - $250k-1MM 104 $35,692 $343,192