First Montana Bank Mortgage Rates, Fees & Info
Missoula, MTLEI: 5493005XIMS68J4ZQ284
Tax ID: 81-0159247
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Mortgage Data
Bank Data
Review & Overview
First Montana Bank is a smaller bank specializing in Home Purchase and Refi loans. First Montana Bank has a high proportion of conventional loans. Their top markets by origination volume include: Kalispell, Butte, Bozeman, Missoula, and Helena among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)First Montana 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
68Origination Dollar Volume (All Markets)
$19,180,000Employee count
86Top 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 | 28 | $6,960,000 | $248,571 | $0 | 0.00% |
| Kalispell, MT (FHA|USDA|VA) | 9 | $4,625,000 | $513,889 | $0 | 0.00% |
| Butte-Silver Bow, MT (FHA|USDA|VA) | 14 | $3,360,000 | $240,000 | $0 | 0.00% |
| Bozeman, MT (FHA|USDA|VA) | 6 | $2,230,000 | $371,667 | $0 | 0.00% |
| MISSOULA, MT (FHA|USDA|VA) | 6 | $1,320,000 | $220,000 | $0 | 0.00% |
| Helena, MT (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $0 | 0.00% |
| GREAT FALLS, MT (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 68 | $19,180,000 | $282,059 | $0 | 0.00% |
For 2021, First Montana Bank's most frequently originated type of loan was Conventional, with 68 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 31 | $9,075,000 | $292,742 | $0 | 0.00% |
| Refi | 31 | $8,395,000 | $270,806 | $0 | 0.00% |
| Other | 6 | $1,710,000 | $285,000 | $0 | 0.00% |
For 2021, First Montana Bank's most frequently cited loan purpose was Home Purchase, with 31 originations. The 2nd most popular reason was Refi, with 31 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 68 | $19,180,000 | $282,059 | $0 | 0.00% |
For 2021, First Montana Bank's most frequently cited loan duration was Other, with 68 originations.
Loan Sizing
2021 saw First Montana Bank place emphasis on $100,000 or less loans with 19 originations, totaling $1,415,000 in origination value.
Applicant Income
First Montana Bank lent most frequently to those with incomes in the $50k-75k range, with 12 originations. The second most popular income band? $50k or less, with 11 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 68 | $19,180,000 | $282,059 | $0 | 0.00% |
First Montana Bank lent most frequently to those with DTI ratios of Exempt%, with 68 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.55%
First Montana Bank has an average approval rate.
Pick Rate
Approvals leading to origination73.53%
First Montana Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 68 | $19,180,000 | $282,059 |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST HORIZON BANK | Conventional home mortgage | Struggling to pay mortgage | 1 | 2.9% |
| FIRST HORIZON BANK | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 5.9% |
| FIRST HORIZON BANK | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 5.9% |
| FIRST HORIZON BANK | Home equity loan or line of credit (HELOC) | Trouble during payment process | 6 | 17.6% |
| FIRST HORIZON BANK | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 1 | 2.9% |
| FIRST HORIZON BANK | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 2 | 5.9% |
| FIRST HORIZON BANK | FHA mortgage | Trouble during payment process | 2 | 5.9% |
| FIRST HORIZON BANK | FHA mortgage | Closing on a mortgage | 1 | 2.9% |
| FIRST HORIZON BANK | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 2.9% |
| FIRST HORIZON BANK | Conventional home mortgage | Trouble during payment process | 10 | 29.4% |
| FIRST HORIZON BANK | Conventional home mortgage | Closing on a mortgage | 2 | 5.9% |
| FIRST HORIZON BANK | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 2.9% |
| FIRST HORIZON BANK | Other type of mortgage | Trouble during payment process | 1 | 2.9% |
| FIRST HORIZON BANK | Other type of mortgage | Closing on a mortgage | 2 | 5.9% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| First Montana Bank, Inc. | 1121 Eastpark Anaconda, MT 59711 | Full Service B&M | $4,204 |
| First Montana Bank, Inc. | 1135 Euclid Avenue Helena, MT 59601 | Full Service B&M | $7,199 |
| First Montana Bank, Inc. | 123 Main Street Anaconda, MT 59711 | Full Service B&M | $60,580 |
| First Montana Bank, Inc. | 1336 Stoneridge Drive Bozeman, MT 59718 | Full Service B&M | $25,153 |
| First Montana Bank, Inc. | 1940 Dewey Boulevard Butte, MT 59701 | Full Service B&M | $94,807 |
| First Montana Bank, Inc. | 201 North Higgins Avenue Missoula, MT 59802 | Full Service B&M | $33,814 |
| First Montana Bank, Inc. | 3309 Brooks St Missoula, MT 59801 | Full Service B&M | $25,906 |
| First Montana Bank, Inc. | 504 Mineral Avenue Libby, MT 59923 | Full Service B&M | $81,813 |
| First Montana Bank, Inc. | 600 East Missoula Avenue Troy, MT 59935 | Full Service B&M | $27,098 |
| First Montana Bank, Inc. | 85 North Main Street Kalispell, MT 59901 | Full Service B&M | $46,009 |
For 2021, First Montana Bank had 10 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $15,234 |
| Net interest income | $14,652 |
| Total noninterest income | $2,719 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $654 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $2,065 |
| Pre-tax net operating income | $4,562 |
| Securities gains (or losses, -) | $26 |
| Income before extraordinary items | $3,431 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $3,431 |
| Minority interest net income | $0 |
| Net income | $3,431 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $3,410 |
First Montana Bank's gross interest income from loans was $15,234,000.
First Montana Bank's net interest income from loans was $14,652,000.
First Montana Bank's fee based income from loans was $654,000.
First Montana Bank's net income from loans was $3,431,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $582 |
| Provision for credit losses | $165 |
| Total noninterest expense | $12,644 |
| Salaries and employee benefits | $6,491 |
| Premises and equipment expense | $1,399 |
| Additional noninterest expense | $4,754 |
| Applicable income taxes | $1,157 |
| Net charge-offs | $46 |
| Cash dividends | $1,482 |
First Montana Bank's interest expense for loans was $582,000.
First Montana Bank's payroll and benefits expense were $6,491,000.
First Montana Bank's property, plant and equipment expenses $1,399,000.
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 | 1.0% |
| 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 | 1.0% |
| Credit card loans | 0.0% |
| Other individual loans | 1.0% |
| Auto loans | 0.0% |
| Other consumer loans | 2.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $428,775 |
| Deposits held in domestic offices | $428,775 |
| Deposits by Individuals, partnerships, and corporations | $417,079 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $11,596 |
| Deposits by Commercial banks and other depository institutions in U.S. | $100 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $41,279 |
| Demand deposits | $29,006 |
| Nontransaction accounts | $387,496 |
| Money market deposit accounts (MMDAs) | $66,541 |
| Other savings deposits (excluding MMDAs) | $292,311 |
| Total time deposits | $28,644 |
| Total time and savings deposits | $399,769 |
| Noninterest-bearing deposits | $168,120 |
| Interest-bearing deposits | $260,655 |
| Retail deposits | $425,035 |
| IRAs and Keogh plan accounts | $9,601 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $483,525 |
| Cash & Balances due from depository institutions | $6,201 |
| Interest-bearing balances | $1,012 |
| Total securities | $179,900 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $271,265 |
| Loan and leases loss allowance | $2,792 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $11,090 |
| Other real estate owned | $486 |
| Goodwill and other intangibles | $1,069 |
| All other assets | $13,514 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $483,525 |
| Total Liabilities | $447,469 |
| Total deposits | $428,775 |
| Interest-bearing deposits | $260,655 |
| Deposits held in domestic offices | $428,775 |
| % insured (estimated) | $72 |
| Federal funds purchased and repurchase agreements | $14,155 |
| Trading liabilities | $0 |
| Other borrowed funds | $1,659 |
| Subordinated debt | $0 |
| All other liabilities | $2,880 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $271,265 |
| Loan and leases loss allowance | $2,792 |
| Total loans and leases (domestic) | $274,057 |
| All real estate loans | $221,263 |
| Real estate loans in domestic offices | $221,263 |
| Construction and development loans | $36,736 |
| Residential 1-4 family construction | $11,322 |
| Other construction, all land development and other land | $25,414 |
| Loans secured by nonfarm nonresidential properties | $122,317 |
| Nonfarm nonresidential secured by owner-occupied properties | $70,862 |
| Commercial real estate & other non-farm, non-residential | $51,455 |
| Multifamily residential real estate | $13,182 |
| 1-4 family residential loans | $45,886 |
| Farmland loans | $3,142 |
| Loans held in foreign offices | $0 |
| Farm loans | $4,858 |
| Commercial and industrial loans | $36,039 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $11,153 |
| Credit card loans | $0 |
| Related Plans | $406 |
| Consumer Auto Loans | $3,361 |
| Other loans to individuals | $7,386 |
| All other loans & leases | $744 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $744 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $487 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $298 |
| Non 1-4 family restructured loans & leases | $80 |
| Total loans and leases (foreign) | $0 |
First Montana Bank had $271,265,000 of loans outstanding in 2021. $221,263,000 of loans were in real estate loans. $36,736,000 of loans were in development loans. $13,182,000 of loans were in multifamily mortgage loans. $45,886,000 of loans were in 1-4 family mortgage loans. $4,858,000 of loans were in farm loans. $0 of loans were in credit card loans. $3,361,000 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 | 271 | $70,705 | $260,904 |
| Nonfarm, nonresidential loans - <$100k | 41 | $2,071 | $50,512 |
| Nonfarm, nonresidential loans - $100-250k | 100 | $14,430 | $144,300 |
| Nonfarm, nonresidential loans - $250k-1MM | 130 | $54,204 | $416,954 |
| Commercial & Industrial, US addressed loans - <$1MM | 472 | $26,535 | $56,218 |
| Commercial & Industrial, US addressed loans - <$100k | 364 | $7,868 | $21,615 |
| Commercial & Industrial, US addressed loans - $100-250k | 64 | $5,117 | $79,953 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 44 | $13,550 | $307,955 |
| Farmland loans - <$1MM | 8 | $859 | $107,375 |
| Farmland loans - <$100k | 4 | $189 | $47,250 |
| Farmland loans - $100-250k | 2 | $130 | $65,000 |
| Farmland loans - $250k-1MM | 2 | $540 | $270,000 |
| Agriculture operations loans - <$1MM | 6 | $754 | $125,667 |
| Agriculture operations loans - <$100k | 2 | $12 | $6,000 |
| Agriculture operations loans - $100-250k | 3 | $568 | $189,333 |
| Agriculture operations loans - $250k-1MM | 1 | $174 | $174,000 |