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, Dallas, Altus, and Weatherford among others. We have data for 10 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 a below average pick rate when compared to similar lenders.

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Originations

156

Origination Dollar Volume (All Markets)

$16,060,000

Employee count

110

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)	69	$8,195,000	$118,768	$0	0.00%
LAWTON, OK (FHA\|USDA\|VA)	47	$4,685,000	$99,681	$0	0.00%
Outside of Metro Areas	25	$1,485,000	$59,400	$0	0.00%
Dallas-Fort Worth-Arlington, TX (FHA\|USDA\|VA)	1	$615,000	$615,000	$0	0.00%
Altus, OK (FHA\|USDA\|VA)	6	$310,000	$51,667	$0	0.00%
Weatherford, OK (FHA\|USDA\|VA)	2	$270,000	$135,000	$0	0.00%
Elk City, OK (FHA\|USDA\|VA)	2	$220,000	$110,000	$0	0.00%
TULSA, OK (FHA\|USDA\|VA)	2	$130,000	$65,000	$0	0.00%
Shawnee, OK (FHA\|USDA\|VA)	1	$115,000	$115,000	$0	0.00%
Duncan, OK (FHA\|USDA\|VA)	1	$35,000	$35,000	$0	0.00%

All America Bank's top markets include Oklahoma City, Lawton, Dallas, Altus, and Weatherford 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	156	$16,060,000	$102,949	$0	0.00%

For 2019, All America Bank's most frequently originated type of loan was Conventional, with 156 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	102	$8,480,000	$83,137	$0	0.00%
Refi	44	$7,120,000	$161,818	$0	0.00%
Home Improvement	7	$385,000	$55,000	$0	0.00%
Other	3	$75,000	$25,000	$0	0.00%

For 2019, All America Bank's most frequently cited loan purpose was Home Purchase, with 102 originations. The 2nd most popular reason was Refi, with 44 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	156	$16,060,000	$102,949	$0	0.00%

For 2019, All America Bank's most frequently cited loan duration was Other, with 156 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	118	$5,390,000	$45,678	$0	0.00%
$100k-200k	21	$3,165,000	$150,714	$0	0.00%
$200k-400k	12	$3,330,000	$277,500	$0	0.00%
$400k-600k	3	$1,515,000	$505,000	$0	0.00%
$1MM+	1	$2,045,000	$2,045,000	$0	0.00%
$600k-1MM	1	$615,000	$615,000	$0	0.00%

2019 saw All America Bank place emphasis on $100,000 or less loans with 118 originations, totaling $5,390,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k or less	16	$820,000	$51,250	$0	0.00%
$50k-75k	13	$935,000	$71,923	$0	0.00%
$100k-150k	12	$1,080,000	$90,000	$0	0.00%
$75k-100k	12	$740,000	$61,667	$0	0.00%
$250k+	9	$1,255,000	$139,444	$0	0.00%
$150k-250k	8	$920,000	$115,000	$0	0.00%

All America Bank lent most frequently to those with incomes in the $50k or less range, with 16 originations. The second most popular income band? $50k-75k, with 13 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	156	$16,060,000	$102,949	$0	0.00%

All America Bank lent most frequently to those with DTI ratios of Exempt%, with 156 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
Not applicable	84	$10,030,000	$119,405	$0	0.00%
White	64	$5,690,000	$88,906	$0	0.00%
Asian	3	$155,000	$51,667	$0	0.00%
American Indian	3	$95,000	$31,667	$0	0.00%
Black	1	$65,000	$65,000	$0	0.00%
Not provided	1	$25,000	$25,000	$0	0.00%

Approval Rates

Total approvals of all applications
92.02%

All America Bank has an average approval rate.

Pick Rate

Approvals leading to origination
89.10%

All America Bank has an average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	156	$16,060,000	$102,949

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	7	$1,945,000	$277,857
Single Family (1-4 Units):Manufactured	4	$170,000	$42,500
Single Family (1-4 Units):Site-Built	145	$13,945,000	$96,172

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
All America Bank	623 E Street Snyder, OK 73566	Full Service B&M	$33,211
All America Bank	8217 Us Highway 277 Elgin, OK 73538	Full Service B&M	$14,039
All America Bank	122 East Main Street Sentinel, OK 73664	Full Service B&M	$47,599
All America Bank	200 South Rockwell Avenue Oklahoma City, OK 73128	Full Service B&M	$17,767
All America Bank	24077 State Hwy 49 Medicine Park, OK 73557	Full Service B&M	$17,492
All America Bank	44 West State Hwy 152 Mustang, OK 73064	Full Service B&M	$225,730
All America Bank	605 South 8th Street Cache, OK 73527	Full Service B&M	$40,885

For 2019, All America Bank had 7 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$25,076
Net interest income	$19,209
Total noninterest income	$2,160
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$1,879
Trading account gains and fees	$0
Additional Noninterest Income	$281
Pre-tax net operating income	$6,649
Securities gains (or losses, -)	$0
Income before extraordinary items	$6,649
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$6,649
Minority interest net income	$0
Net income	$6,649
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$6,649

All America Bank's gross interest income from loans was $25,076,000.
All America Bank's net interest income from loans was $19,209,000.
All America Bank's fee based income from loans was $1,879,000.
All America Bank's net income from loans was $6,649,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$5,867
Provision for credit losses	$2,300
Total noninterest expense	$12,420
Salaries and employee benefits	$7,217
Premises and equipment expense	$1,062
Additional noninterest expense	$4,141
Applicable income taxes	$0
Net charge-offs	$1,757
Cash dividends	$6,589

All America Bank's interest expense for loans was $5,867,000.
All America Bank's payroll and benefits expense were $7,217,000.
All America Bank's property, plant and equipment expenses $1,062,000.

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	0.0%
HELOC loans	0.0%
All other family	0.0%
Commercial & industrial loans	0.0%
Personal loans	1.0%
Credit card loans	0.0%
Other individual loans	1.0%
Auto loans	1.0%
Other consumer loans	0.0%
Unsecured commercial real estate loans	0.0%

Deposits

Type	Value (in 000's)
Total deposits	$422,257
Deposits held in domestic offices	$422,257
Deposits by Individuals, partnerships, and corporations	$406,793
Deposits by U.S. Government	$584
Deposits by States and political subdivisions in the U.S.	$14,880
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	$49,328
Demand deposits	$10,112
Nontransaction accounts	$372,929
Money market deposit accounts (MMDAs)	$72,810
Other savings deposits (excluding MMDAs)	$212,896
Total time deposits	$87,222
Total time and savings deposits	$412,145
Noninterest-bearing deposits	$55,400
Interest-bearing deposits	$366,857
Retail deposits	$413,811
IRAs and Keogh plan accounts	$9,463
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$467,458
Cash & Balances due from depository institutions	$16,147
Interest-bearing balances	$10,465
Total securities	$43,399
Federal funds sold & reverse repurchase	$17,581
Net loans and leases	$372,309
Loan and leases loss allowance	$3,627
Trading account assets	$0
Bank premises and fixed assets	$5,295
Other real estate owned	$207
Goodwill and other intangibles	$3,213
All other assets	$9,307

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$467,458
Total Liabilities	$422,785
Total deposits	$422,257
Interest-bearing deposits	$366,857
Deposits held in domestic offices	$422,257
% insured (estimated)	$88
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$0
Subordinated debt	$0
All other liabilities	$528

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$372,309
Loan and leases loss allowance	$3,627
Total loans and leases (domestic)	$375,936
All real estate loans	$274,717
Real estate loans in domestic offices	$274,717
Construction and development loans	$40,207
Residential 1-4 family construction	$12,952
Other construction, all land development and other land	$27,255
Loans secured by nonfarm nonresidential properties	$81,076
Nonfarm nonresidential secured by owner-occupied properties	$5,437
Commercial real estate & other non-farm, non-residential	$75,639
Multifamily residential real estate	$21,846
1-4 family residential loans	$80,408
Farmland loans	$51,180
Loans held in foreign offices	$0
Farm loans	$61,300
Commercial and industrial loans	$25,472
To non-U.S. addressees	$0
Loans to individuals	$11,001
Credit card loans	$0
Related Plans	$0
Consumer Auto Loans	$4,072
Other loans to individuals	$6,929
All other loans & leases	$3,446
Loans to foreign governments and official institutions	$0
Other loans	$1,139
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 $372,309,000 of loans outstanding in 2019. $274,717,000 of loans were in real estate loans. $40,207,000 of loans were in development loans. $21,846,000 of loans were in multifamily mortgage loans. $80,408,000 of loans were in 1-4 family mortgage loans. $61,300,000 of loans were in farm loans. $0 of loans were in credit card loans. $4,072,000 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	250	$32,914	$131,656
Nonfarm, nonresidential loans - <$100k	137	$4,357	$31,803
Nonfarm, nonresidential loans - $100-250k	61	$7,601	$124,607
Nonfarm, nonresidential loans - $250k-1MM	52	$20,956	$403,000
Commercial & Industrial, US addressed loans - <$1MM	386	$11,727	$30,381
Commercial & Industrial, US addressed loans - <$100k	358	$6,662	$18,609
Commercial & Industrial, US addressed loans - $100-250k	19	$1,876	$98,737
Commercial & Industrial, US addressed loans - $250k-1MM	9	$3,189	$354,333
Farmland loans - <$1MM	297	$35,054	$118,027
Farmland loans - <$100k	129	$4,966	$38,496
Farmland loans - $100-250k	114	$15,344	$134,596
Farmland loans - $250k-1MM	54	$14,744	$273,037
Agriculture operations loans - <$1MM	813	$44,713	$54,998
Agriculture operations loans - <$100k	604	$13,165	$21,796
Agriculture operations loans - $100-250k	155	$16,857	$108,755
Agriculture operations loans - $250k-1MM	54	$14,691	$272,056