All America Bank Mortgage Rates, Fees & Info

Oklahoma City, OK

LEI: 5493005MFZ2ASTT3WX73

Tax ID: 73-0785513

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

Review & Overview

All America Bank is a smaller bank specializing in Home Purchase and Refi loans. All America Bank has a high proportion of conventional loans. Their top markets by origination volume include: Oklahoma City, Lawton, Weatherford, Stillwater, and Amarillo among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

All America Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

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Originations

212

Origination Dollar Volume (All Markets)

$20,040,000

Employee count

104

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
OKLAHOMA CITY, OK (FHA\|USDA\|VA)	81	$9,435,000	$116,481	$0	0.00%
LAWTON, OK (FHA\|USDA\|VA)	75	$6,185,000	$82,467	$0	0.00%
Outside of Metro Areas	43	$3,005,000	$69,884	$0	0.00%
Weatherford, OK (FHA\|USDA\|VA)	6	$670,000	$111,667	$0	0.00%
Stillwater, OK (FHA\|USDA\|VA)	2	$350,000	$175,000	$0	0.00%
AMARILLO, TX (FHA\|USDA\|VA)	1	$175,000	$175,000	$0	0.00%
Altus, OK (FHA\|USDA\|VA)	2	$150,000	$75,000	$0	0.00%
Shawnee, OK (FHA\|USDA\|VA)	1	$55,000	$55,000	$0	0.00%
TULSA, OK (FHA\|USDA\|VA)	1	$15,000	$15,000	$0	0.00%

All America Bank's top markets include Oklahoma City, Lawton, Weatherford, Stillwater, and Amarillo among others.

Their top states include:

Oklahoma (FHA|USDA|VA)

Texas (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	212	$20,040,000	$94,528	$0	0.00%

For 2018, All America Bank's most frequently originated type of loan was Conventional, with 212 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	125	$12,065,000	$96,520	$0	0.00%
Refi	53	$6,315,000	$119,151	$0	0.00%
Home Improvement	26	$1,390,000	$53,462	$0	0.00%
Other	8	$270,000	$33,750	$0	0.00%

For 2018, All America Bank's most frequently cited loan purpose was Home Purchase, with 125 originations. The 2nd most popular reason was Refi, with 53 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	212	$20,040,000	$94,528	$0	0.00%

For 2018, All America Bank's most frequently cited loan duration was Other, with 212 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	148	$7,910,000	$53,446	$0	0.00%
$100k-200k	45	$6,295,000	$139,889	$0	0.00%
$200k-400k	17	$4,465,000	$262,647	$0	0.00%
$400k-600k	1	$575,000	$575,000	$0	0.00%
$600k-1MM	1	$795,000	$795,000	$0	0.00%

2018 saw All America Bank place emphasis on $100,000 or less loans with 148 originations, totaling $7,910,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k or less	36	$1,850,000	$51,389	$0	0.00%
$75k-100k	24	$1,590,000	$66,250	$0	0.00%
$50k-75k	19	$1,095,000	$57,632	$0	0.00%
$100k-150k	18	$2,240,000	$124,444	$0	0.00%
$150k-250k	13	$2,735,000	$210,385	$0	0.00%
$250k+	6	$960,000	$160,000	$0	0.00%

All America Bank lent most frequently to those with incomes in the $50k or less range, with 36 originations. The second most popular income band? $75k-100k, with 24 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	212	$20,040,000	$94,528	$0	0.00%

All America Bank lent most frequently to those with DTI ratios of Exempt%, with 212 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
Not applicable	95	$9,515,000	$100,158	$0	0.00%
White	106	$9,380,000	$88,491	$0	0.00%
Asian	4	$560,000	$140,000	$0	0.00%
Black	3	$315,000	$105,000	$0	0.00%
American Indian	4	$270,000	$67,500	$0	0.00%

Approval Rates

Total approvals of all applications
95.44%

All America 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
91.98%

All America Bank has an average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	212	$20,040,000	$94,528

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	6	$2,010,000	$335,000
Single Family (1-4 Units):Manufactured	8	$390,000	$48,750
Single Family (1-4 Units):Site-Built	198	$17,640,000	$89,091

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
All America Bank	122 East Main Street Sentinel, OK 73664	Full Service B&M	$47,414
All America Bank	200 South Rockwell Avenue Oklahoma City, OK 73128	Full Service B&M	$20,763
All America Bank	24077 State Hwy 49 Medicine Park, OK 73557	Full Service B&M	$16,333
All America Bank	44 West State Hwy 152 Mustang, OK 73064	Full Service B&M	$172,443
All America Bank	605 South 8th Street Cache, OK 73527	Full Service B&M	$40,140
All America Bank	623 E Street Snyder, OK 73566	Full Service B&M	$34,751
All America Bank	8207 Ushwy 277 Elgin, OK 73538	Full Service B&M	$13,542

For 2018, All America Bank had 7 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$22,485
Net interest income	$18,167
Total noninterest income	$2,953
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$1,986
Trading account gains and fees	$0
Additional Noninterest Income	$967
Pre-tax net operating income	$7,360
Securities gains (or losses, -)	$0
Income before extraordinary items	$7,360
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$7,360
Minority interest net income	$0
Net income	$7,360
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$7,360

All America Bank's gross interest income from loans was $22,485,000.
All America Bank's net interest income from loans was $18,167,000.
All America Bank's fee based income from loans was $1,986,000.
All America Bank's net income from loans was $7,360,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$4,318
Provision for credit losses	$1,194
Total noninterest expense	$12,566
Salaries and employee benefits	$7,224
Premises and equipment expense	$1,641
Additional noninterest expense	$3,701
Applicable income taxes	$0
Net charge-offs	$1,085
Cash dividends	$6,054

All America Bank's interest expense for loans was $4,318,000.
All America Bank's payroll and benefits expense were $7,224,000.
All America Bank's property, plant and equipment expenses $1,641,000.

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	0.0%
Multifamily residential loans	0.0%
1-4 family residential loans	1.0%
HELOC loans	0.0%
All other family	1.0%
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	$361,664
Deposits held in domestic offices	$361,664
Deposits by Individuals, partnerships, and corporations	$345,832
Deposits by U.S. Government	$578
Deposits by States and political subdivisions in the U.S.	$15,254
Deposits by Commercial banks and other depository institutions in U.S.	$0
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$38,849
Demand deposits	$9,953
Nontransaction accounts	$322,815
Money market deposit accounts (MMDAs)	$40,224
Other savings deposits (excluding MMDAs)	$173,871
Total time deposits	$108,720
Total time and savings deposits	$351,711
Noninterest-bearing deposits	$51,131
Interest-bearing deposits	$310,533
Retail deposits	$332,135
IRAs and Keogh plan accounts	$9,210
Brokered deposits	$19,986
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$438,494
Cash & Balances due from depository institutions	$14,375
Interest-bearing balances	$7,774
Total securities	$38,616
Federal funds sold & reverse repurchase	$0
Net loans and leases	$365,684
Loan and leases loss allowance	$3,084
Trading account assets	$0
Bank premises and fixed assets	$5,685
Other real estate owned	$539
Goodwill and other intangibles	$3,931
All other assets	$9,664

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$438,494
Total Liabilities	$394,307
Total deposits	$361,664
Interest-bearing deposits	$310,533
Deposits held in domestic offices	$361,664
% insured (estimated)	$94
Federal funds purchased and repurchase agreements	$7,045
Trading liabilities	$0
Other borrowed funds	$25,000
Subordinated debt	$0
All other liabilities	$598

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$365,684
Loan and leases loss allowance	$3,084
Total loans and leases (domestic)	$368,768
All real estate loans	$271,289
Real estate loans in domestic offices	$271,289
Construction and development loans	$37,150
Residential 1-4 family construction	$16,283
Other construction, all land development and other land	$20,867
Loans secured by nonfarm nonresidential properties	$81,646
Nonfarm nonresidential secured by owner-occupied properties	$5,770
Commercial real estate & other non-farm, non-residential	$75,876
Multifamily residential real estate	$23,334
1-4 family residential loans	$82,098
Farmland loans	$47,061
Loans held in foreign offices	$0
Farm loans	$61,628
Commercial and industrial loans	$24,139
To non-U.S. addressees	$0
Loans to individuals	$11,081
Credit card loans	$0
Related Plans	$0
Consumer Auto Loans	$3,983
Other loans to individuals	$7,098
All other loans & leases	$631
Loans to foreign governments and official institutions	$0
Other loans	$631
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	$0
Non 1-4 family restructured loans & leases	$0
Total loans and leases (foreign)	$0

All America Bank had $365,684,000 of loans outstanding in 2018. $271,289,000 of loans were in real estate loans. $37,150,000 of loans were in development loans. $23,334,000 of loans were in multifamily mortgage loans. $82,098,000 of loans were in 1-4 family mortgage loans. $61,628,000 of loans were in farm loans. $0 of loans were in credit card loans. $3,983,000 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	258	$32,766	$127,000
Nonfarm, nonresidential loans - <$100k	146	$4,748	$32,521
Nonfarm, nonresidential loans - $100-250k	61	$7,553	$123,820
Nonfarm, nonresidential loans - $250k-1MM	51	$20,465	$401,275
Commercial & Industrial, US addressed loans - <$1MM	425	$13,472	$31,699
Commercial & Industrial, US addressed loans - <$100k	385	$6,803	$17,670
Commercial & Industrial, US addressed loans - $100-250k	31	$3,382	$109,097
Commercial & Industrial, US addressed loans - $250k-1MM	9	$3,287	$365,222
Farmland loans - <$1MM	291	$31,737	$109,062
Farmland loans - <$100k	141	$5,446	$38,624
Farmland loans - $100-250k	104	$13,187	$126,798
Farmland loans - $250k-1MM	46	$13,104	$284,870
Agriculture operations loans - <$1MM	867	$46,820	$54,002
Agriculture operations loans - <$100k	652	$14,184	$21,755
Agriculture operations loans - $100-250k	164	$18,464	$112,585
Agriculture operations loans - $250k-1MM	51	$14,172	$277,882