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, Tulsa, Muskogee, and Crestview among others. We have data for 12 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

255

Origination Dollar Volume (All Markets)

$46,485,000

Employee count

111

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)	88	$21,770,000	$247,386	$0	0.00%
LAWTON, OK (FHA\|USDA\|VA)	120	$14,220,000	$118,500	$0	0.00%
TULSA, OK (FHA\|USDA\|VA)	1	$3,835,000	$3,835,000	$0	0.00%
Outside of Metro Areas	31	$2,085,000	$67,258	$0	0.00%
Muskogee, OK (FHA\|USDA\|VA)	1	$1,545,000	$1,545,000	$0	0.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA\|USDA\|VA)	2	$1,030,000	$515,000	$0	0.00%
Shawnee, OK (FHA\|USDA\|VA)	4	$740,000	$185,000	$0	0.00%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA\|USDA\|VA)	1	$485,000	$485,000	$0	0.00%
Weatherford, OK (FHA\|USDA\|VA)	2	$420,000	$210,000	$0	0.00%
Elk City, OK (FHA\|USDA\|VA)	2	$170,000	$85,000	$0	0.00%
Duncan, OK (FHA\|USDA\|VA)	2	$130,000	$65,000	$0	0.00%
Altus, OK (FHA\|USDA\|VA)	1	$55,000	$55,000	$0	0.00%

All America Bank's top markets include Oklahoma City, Lawton, Tulsa, Muskogee, and Crestview among others.

Their top states include:

Oklahoma (FHA|USDA|VA)

Florida (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	255	$46,485,000	$182,294	$0	0.00%

For 2021, All America Bank's most frequently originated type of loan was Conventional, with 255 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	152	$20,240,000	$133,158	$0	0.00%
Refi	95	$25,675,000	$270,263	$0	0.00%
Home Improvement	7	$515,000	$73,571	$0	0.00%
Other	1	$55,000	$55,000	$0	0.00%

For 2021, All America Bank's most frequently cited loan purpose was Home Purchase, with 152 originations. The 2nd most popular reason was Refi, with 95 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	255	$46,485,000	$182,294	$0	0.00%

For 2021, All America Bank's most frequently cited loan duration was Other, with 255 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	144	$8,030,000	$55,764	$0	0.00%
$100k-200k	71	$9,885,000	$139,225	$0	0.00%
$200k-400k	22	$5,910,000	$268,636	$0	0.00%
$400k-600k	9	$4,465,000	$496,111	$0	0.00%
$1MM+	6	$15,910,000	$2,651,667	$0	0.00%
$600k-1MM	3	$2,285,000	$761,667	$0	0.00%

2021 saw All America Bank place emphasis on $100,000 or less loans with 144 originations, totaling $8,030,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$75k-100k	25	$1,775,000	$71,000	$0	0.00%
$50k-75k	22	$1,440,000	$65,455	$0	0.00%
$250k+	16	$4,070,000	$254,375	$0	0.00%
$100k-150k	14	$1,450,000	$103,571	$0	0.00%
$50k or less	13	$595,000	$45,769	$0	0.00%
$150k-250k	10	$1,670,000	$167,000	$0	0.00%

All America Bank lent most frequently to those with incomes in the $75k-100k range, with 25 originations. The second most popular income band? $50k-75k, with 22 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	255	$46,485,000	$182,294	$0	0.00%

All America Bank lent most frequently to those with DTI ratios of Exempt%, with 255 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
Not applicable	153	$35,245,000	$230,359	$0	0.00%
White	84	$9,850,000	$117,262	$0	0.00%
Not provided	4	$410,000	$102,500	$0	0.00%
American Indian	6	$390,000	$65,000	$0	0.00%
Asian	3	$325,000	$108,333	$0	0.00%
Black	4	$170,000	$42,500	$0	0.00%
Asian Indian	1	$95,000	$95,000	$0	0.00%

Approval Rates

Total approvals of all applications
97.45%

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
95.69%

All America Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	255	$46,485,000	$182,294

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
	255	$46,485,000	$182,294

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
All America Bank	605 South 8th Street Cache, OK 73527	Full Service B&M	$55,013
All America Bank	623 E Street Snyder, OK 73566	Full Service B&M	$40,379
All America Bank	8217 Us Highway 277 Elgin, OK 73538	Full Service B&M	$19,609
All America Bank	122 East Main Street Sentinel, OK 73664	Full Service B&M	$45,519
All America Bank	200 South Rockwell Avenue Oklahoma City, OK 73128	Full Service B&M	$20,313
All America Bank	24077 State Hwy 49 Medicine Park, OK 73557	Full Service B&M	$23,883
All America Bank	44 West State Hwy 152 Mustang, OK 73064	Full Service B&M	$224,358

For 2021, All America Bank had 7 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$21,860
Net interest income	$20,446
Total noninterest income	$1,677
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$1,458
Trading account gains and fees	$0
Additional Noninterest Income	$219
Pre-tax net operating income	$7,970
Securities gains (or losses, -)	$0
Income before extraordinary items	$7,970
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$7,970
Minority interest net income	$0
Net income	$7,970
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$7,970

All America Bank's gross interest income from loans was $21,860,000.
All America Bank's net interest income from loans was $20,446,000.
All America Bank's fee based income from loans was $1,458,000.
All America Bank's net income from loans was $7,970,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$1,414
Provision for credit losses	$1,020
Total noninterest expense	$13,133
Salaries and employee benefits	$7,779
Premises and equipment expense	$1,046
Additional noninterest expense	$4,308
Applicable income taxes	$0
Net charge-offs	$134
Cash dividends	$6,602

All America Bank's interest expense for loans was $1,414,000.
All America Bank's payroll and benefits expense were $7,779,000.
All America Bank's property, plant and equipment expenses $1,046,000.

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	2.0%
HELOC loans	0.0%
All other family	2.0%
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	$416,396
Deposits held in domestic offices	$416,396
Deposits by Individuals, partnerships, and corporations	$397,145
Deposits by U.S. Government	$804
Deposits by States and political subdivisions in the U.S.	$18,447
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	$45,548
Demand deposits	$13,471
Nontransaction accounts	$370,848
Money market deposit accounts (MMDAs)	$51,108
Other savings deposits (excluding MMDAs)	$241,008
Total time deposits	$78,732
Total time and savings deposits	$402,925
Noninterest-bearing deposits	$84,950
Interest-bearing deposits	$331,446
Retail deposits	$405,912
IRAs and Keogh plan accounts	$9,902
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$463,813
Cash & Balances due from depository institutions	$5,685
Interest-bearing balances	$748
Total securities	$59,503
Federal funds sold & reverse repurchase	$87
Net loans and leases	$382,756
Loan and leases loss allowance	$5,901
Trading account assets	$0
Bank premises and fixed assets	$5,329
Other real estate owned	$101
Goodwill and other intangibles	$1,319
All other assets	$9,033

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$463,813
Total Liabilities	$416,647
Total deposits	$416,396
Interest-bearing deposits	$331,446
Deposits held in domestic offices	$416,396
% insured (estimated)	$87
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$0
Subordinated debt	$0
All other liabilities	$251

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$382,756
Loan and leases loss allowance	$5,901
Total loans and leases (domestic)	$388,657
All real estate loans	$277,312
Real estate loans in domestic offices	$277,312
Construction and development loans	$29,685
Residential 1-4 family construction	$9,527
Other construction, all land development and other land	$20,158
Loans secured by nonfarm nonresidential properties	$92,504
Nonfarm nonresidential secured by owner-occupied properties	$4,726
Commercial real estate & other non-farm, non-residential	$87,778
Multifamily residential real estate	$16,715
1-4 family residential loans	$85,181
Farmland loans	$53,227
Loans held in foreign offices	$0
Farm loans	$63,444
Commercial and industrial loans	$32,186
To non-U.S. addressees	$0
Loans to individuals	$12,053
Credit card loans	$0
Related Plans	$0
Consumer Auto Loans	$4,956
Other loans to individuals	$7,097
All other loans & leases	$3,662
Loans to foreign governments and official institutions	$0
Other loans	$779
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 $382,756,000 of loans outstanding in 2021. $277,312,000 of loans were in real estate loans. $29,685,000 of loans were in development loans. $16,715,000 of loans were in multifamily mortgage loans. $85,181,000 of loans were in 1-4 family mortgage loans. $63,444,000 of loans were in farm loans. $0 of loans were in credit card loans. $4,956,000 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	240	$35,941	$149,754
Nonfarm, nonresidential loans - <$100k	115	$4,165	$36,217
Nonfarm, nonresidential loans - $100-250k	65	$8,573	$131,892
Nonfarm, nonresidential loans - $250k-1MM	60	$23,203	$386,717
Commercial & Industrial, US addressed loans - <$1MM	406	$15,300	$37,685
Commercial & Industrial, US addressed loans - <$100k	361	$7,067	$19,576
Commercial & Industrial, US addressed loans - $100-250k	33	$3,476	$105,333
Commercial & Industrial, US addressed loans - $250k-1MM	12	$4,757	$396,417
Farmland loans - <$1MM	275	$32,561	$118,404
Farmland loans - <$100k	123	$4,671	$37,976
Farmland loans - $100-250k	105	$13,820	$131,619
Farmland loans - $250k-1MM	47	$14,070	$299,362
Agriculture operations loans - <$1MM	798	$46,890	$58,759
Agriculture operations loans - <$100k	569	$11,967	$21,032
Agriculture operations loans - $100-250k	164	$17,782	$108,427
Agriculture operations loans - $250k-1MM	65	$17,141	$263,708