Opportunity Bank Of Montana Mortgage Rates, Fees & Info
Helena, MTLEI: 5493007ZF78YQRSXQG49
Tax ID: 81-0105500
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Mortgage Data
Bank Data
Review & Overview
Opportunity Bank Of Montana is a small bank specializing in Home Purchase and Refi loans. Opportunity Bank Of Montana has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Helena, Bozeman, Billings, Missoula, and Great Falls among others. We have data for 33 markets. (Some data included below & more in-depth data is available with an active subscription.)Opportunity Bank Of Montana 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. Opportunity Bank Of Montana is typically an average 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.90% | 12/4/22 |
| 30 Year Conventional Refi | 6.83% | 12/4/22 |
| 30 Year Cash-out Refi | 7.00% | 12/4/22 |
| 30 Year FHA Purchase | 7.43% | 12/4/22 |
| 30 Year FHA Refi | 7.07% | 12/4/22 |
| 30 Year VA Purchase | 6.36% | 12/4/22 |
| 30 Year VA Refi | 6.10% | 12/4/22 |
| 30 Year USDA Purchase | 6.75% | 12/4/22 |
| 30 Year USDA Refi | 6.74% | 12/4/22 |
| 15 Year Conventional Purchase | 6.29% | 12/4/22 |
| 15 Year Conventional Refi | 6.06% | 12/4/22 |
| 15 Year Cash-out Refi | 6.06% | 12/4/22 |
| 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. | ||
Originations
3,739Origination Dollar Volume (All Markets)
$1,075,625,000Employee count
364Awards
Opportunity Bank of Montana - 2021
Opportunity Bank of Montana is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
Opportunity Bank Of Montana's average 30 year fixed mortgage rate was
3.07%.
The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.
This yields a difference of -0.08%.
Relative Fees (Closing Costs)
Opportunity Bank Of Montana's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,679.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $4,750.
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 |
|---|---|---|---|---|---|
| Helena, MT (FHA|USDA|VA) | 728 | $202,500,000 | $278,159 | $5,443 | 3.01% |
| Bozeman, MT (FHA|USDA|VA) | 470 | $180,400,000 | $383,830 | $5,713 | 3.16% |
| BILLINGS, MT (FHA|USDA|VA) | 663 | $178,925,000 | $269,872 | $6,013 | 3.11% |
| MISSOULA, MT (FHA|USDA|VA) | 553 | $176,165,000 | $318,562 | $4,752 | 3.11% |
| Outside of Metro Areas | 635 | $173,915,000 | $273,882 | $5,315 | 3.04% |
| GREAT FALLS, MT (FHA|USDA|VA) | 468 | $107,180,000 | $229,017 | $5,237 | 2.87% |
| Butte-Silver Bow, MT (FHA|USDA|VA) | 136 | $24,720,000 | $181,765 | $4,460 | 2.97% |
| Kalispell, MT (FHA|USDA|VA) | 28 | $11,500,000 | $410,714 | $4,859 | 3.08% |
| BOISE CITY, ID (FHA|USDA|VA) | 11 | $5,995,000 | $545,000 | $0 | 3.63% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 9 | $3,135,000 | $348,333 | $4,701 | 2.63% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 9 | $2,725,000 | $302,778 | $5,530 | 3.04% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $965,000 | $965,000 | $10,793 | 3.63% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 2 | $840,000 | $420,000 | $4,686 | 3.13% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 3 | $835,000 | $278,333 | $3,889 | 2.92% |
| SALEM, OR (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $5,000 | 2.75% |
| CHEYENNE, WY (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $8,284 | 2.94% |
| TUCSON, AZ (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $4,863 | 2.88% |
| Shelton, WA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $5,739 | 3.13% |
| BEND, OR (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $7,449 | 3.25% |
| IDAHO FALLS, ID (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $5,592 | 3.00% |
| Spearfish, SD (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $5,537 | 2.38% |
| Williston, ND (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $4,580 | 3.25% |
| Blackfoot, ID (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $10,283 | 2.25% |
| Jackson, WY-ID (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 3.38% |
| Centralia, WA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 3.88% |
| ANCHORAGE, AK (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,299 | 2.75% |
| BELLINGHAM, WA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,971 | 3.00% |
| CASPER, WY (FHA|USDA|VA) | 2 | $210,000 | $105,000 | $3,363 | 2.69% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,095 | 3.00% |
| Hermiston-Pendleton, OR (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $7,103 | 2.75% |
| WENATCHEE, WA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $1,126 | 2.25% |
| Gillette, WY (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 4.50% |
| Show Low, AZ (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 3.50% |
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Product Mix
For 2021, Opportunity Bank Of Montana's most frequently originated type of loan was Conventional, with 3,176 originations. Their 2nd most popular type was VA, with 308 originations.
Loan Reason
For 2021, Opportunity Bank Of Montana's most frequently cited loan purpose was Home Purchase, with 1,951 originations. The 2nd most popular reason was Refi, with 978 originations.
Loan Duration/Length
For 2021, Opportunity Bank Of Montana's most frequently cited loan duration was 30 Year, with 3,028 originations. The 2nd most popular length was 15 Year, with 431 originations.
Origination Fees/Closing Costs
Opportunity Bank Of Montana's average total fees were $5,679, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 981 originations.
Interest Rates
During 2021, Opportunity Bank Of Montana's average interest rate for loans was 3.07%, while their most frequently originated rate bucket for loans was 3-4%, with 1,536 originations.
Loan Sizing
2021 saw Opportunity Bank Of Montana place emphasis on $200k-400k loans with 1,985 originations, totaling $566,635,000 in origination value.
Applicant Income
Opportunity Bank Of Montana lent most frequently to those with incomes in the $50k-75k range, with 871 originations. The second most popular income band? $100k-150k, with 784 originations.
Applicant Debt to Income Ratio
Opportunity Bank Of Montana lent most frequently to those with DTI ratios of 20-30%, with 752 originations. The next most common DTI ratio? 30-36%, with 675 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.28%
Opportunity Bank Of Montana has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination74.54%
Opportunity Bank Of Montana has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 3,739 | $1,075,625,000 | $287,677 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3,739 | $1,075,625,000 | $287,677 |
LTV Distribution
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Opportunity Bank of Montana | 101 Mcleod Street Big Timber, MT 59011 | Full Service B&M | $53,936 |
| Opportunity Bank of Montana | 1005 North 27th Street Billings, MT 59101 | Full Service B&M | $8,447 |
| Opportunity Bank of Montana | 101 Main Street West Dutton, MT 59433 | Full Service B&M | $27,884 |
| Opportunity Bank of Montana | 28 Neill Avenue Helena, MT 59601 | Full Service B&M | $19,628 |
| Opportunity Bank of Montana | 3401 Harrison Avenue Butte, MT 59701 | Full Service B&M | $101,815 |
| Opportunity Bank of Montana | 400 Broadway St Townsend, MT 59644 | Full Service B&M | $95,025 |
| Opportunity Bank of Montana | 4150 Valley Commons Drive Bozeman, MT 59718 | Full Service B&M | $14,096 |
| Opportunity Bank of Montana | 423 Broadway Avenue Denton, MT 59430 | Full Service B&M | $18,227 |
| Opportunity Bank of Montana | 5 W Mendenhall St, Ste 101 Bozeman, MT 59715 | Full Service B&M | $51,675 |
| Opportunity Bank of Montana | 501 River Drive South Suite 100 Great Falls, MT 59405 | Full Service B&M | $14,907 |
| Opportunity Bank of Montana | 711 South 1st Street Hamilton, MT 59840 | Full Service B&M | $37,911 |
| Opportunity Bank of Montana | 895 Main St Billings, MT 59105 | Full Service B&M | $5,850 |
| Opportunity Bank of Montana | 103 North Main Street Sheridan, MT 59749 | Full Service B&M | $53,451 |
| Opportunity Bank of Montana | 105 Main Street Winifred, MT 59489 | Full Service Cyber Office | $320 |
| Opportunity Bank of Montana | 107 South Main Street Twin Bridges, MT 59754 | Full Service B&M | $47,340 |
| Opportunity Bank of Montana | 111 3rd Avenue South Wolf Point, MT 59201 | Full Service B&M | $97,834 |
| Opportunity Bank of Montana | 1112 Shiloh Crossing Boulevard Billings, MT 59102 | Full Service B&M | $33,620 |
| Opportunity Bank of Montana | 123 South Main St Livingston, MT 59047 | Full Service B&M | $44,613 |
| Opportunity Bank of Montana | 1400 Prospect Avenue Helena, MT 59601 | Full Service B&M | $197,772 |
| Opportunity Bank of Montana | 1455 West Oak Street Bozeman, MT 59715 | Full Service B&M | $122,560 |
| Opportunity Bank of Montana | 1821 South Avenue West Missoula, MT 59801 | Full Service B&M | $44,798 |
| Opportunity Bank of Montana | 200 North Higgins Missoula, MT 59802 | Full Service B&M | $18,239 |
| Opportunity Bank of Montana | 2090 Cromwell Dixon Lane Helena, MT 59602 | Full Service B&M | $34,668 |
| Opportunity Bank of Montana | 27 1st Street Northwest Choteau, MT 59422 | Full Service B&M | $4,223 |
For 2021, Opportunity Bank Of Montana had 24 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $50,068 |
| Net interest income | $48,383 |
| Total noninterest income | $45,725 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $1,080 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $44,645 |
| Pre-tax net operating income | $22,214 |
| Securities gains (or losses, -) | $15 |
| Income before extraordinary items | $16,787 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $16,787 |
| Minority interest net income | $0 |
| Net income | $16,787 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $16,775 |
Opportunity Bank Of Montana's gross interest income from loans was $50,068,000.
Opportunity Bank Of Montana's net interest income from loans was $48,383,000.
Opportunity Bank Of Montana's fee based income from loans was $1,080,000.
Opportunity Bank Of Montana's net income from loans was $16,787,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $1,685 |
| Provision for credit losses | $861 |
| Total noninterest expense | $71,033 |
| Salaries and employee benefits | $48,686 |
| Premises and equipment expense | $6,448 |
| Additional noninterest expense | $15,899 |
| Applicable income taxes | $5,442 |
| Net charge-offs | $-39 |
| Cash dividends | $5,800 |
Opportunity Bank Of Montana's interest expense for loans was $1,685,000.
Opportunity Bank Of Montana's payroll and benefits expense were $48,686,000.
Opportunity Bank Of Montana's property, plant and equipment expenses $6,448,000.
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 | $1,226,833 |
| Deposits held in domestic offices | $1,226,833 |
| Deposits by Individuals, partnerships, and corporations | $1,199,627 |
| Deposits by U.S. Government | $14 |
| Deposits by States and political subdivisions in the U.S. | $24,945 |
| Deposits by Commercial banks and other depository institutions in U.S. | $2,248 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $572,581 |
| Demand deposits | $551,140 |
| Nontransaction accounts | $654,253 |
| Money market deposit accounts (MMDAs) | $281,428 |
| Other savings deposits (excluding MMDAs) | $223,069 |
| Total time deposits | $149,755 |
| Total time and savings deposits | $675,694 |
| Noninterest-bearing deposits | $369,171 |
| Interest-bearing deposits | $857,662 |
| Retail deposits | $1,203,362 |
| IRAs and Keogh plan accounts | $29,259 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $1,430,850 |
| Cash & Balances due from depository institutions | $54,306 |
| Interest-bearing balances | $43,058 |
| Total securities | $267,184 |
| Federal funds sold & reverse repurchase | $6,827 |
| Net loans and leases | $946,458 |
| Loan and leases loss allowance | $12,500 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $67,266 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $35,909 |
| All other assets | $52,900 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $1,430,850 |
| Total Liabilities | $1,253,005 |
| Total deposits | $1,226,833 |
| Interest-bearing deposits | $857,662 |
| Deposits held in domestic offices | $1,226,833 |
| % insured (estimated) | $80 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $5,000 |
| Subordinated debt | $0 |
| All other liabilities | $21,172 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $946,458 |
| Loan and leases loss allowance | $12,500 |
| Total loans and leases (domestic) | $958,958 |
| All real estate loans | $792,577 |
| Real estate loans in domestic offices | $792,577 |
| Construction and development loans | $138,038 |
| Residential 1-4 family construction | $45,635 |
| Other construction, all land development and other land | $92,403 |
| Loans secured by nonfarm nonresidential properties | $365,222 |
| Nonfarm nonresidential secured by owner-occupied properties | $170,484 |
| Commercial real estate & other non-farm, non-residential | $194,738 |
| Multifamily residential real estate | $43,920 |
| 1-4 family residential loans | $178,654 |
| Farmland loans | $66,743 |
| Loans held in foreign offices | $0 |
| Farm loans | $46,397 |
| Commercial and industrial loans | $89,866 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $18,466 |
| Credit card loans | $0 |
| Related Plans | $1,895 |
| Consumer Auto Loans | $9,500 |
| Other loans to individuals | $7,071 |
| All other loans & leases | $11,652 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $10,875 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $330 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $1,568 |
| Non 1-4 family restructured loans & leases | $1,568 |
| Total loans and leases (foreign) | $0 |
Opportunity Bank of Montana had $946,458,000 of loans outstanding in 2021. $792,577,000 of loans were in real estate loans. $138,038,000 of loans were in development loans. $43,920,000 of loans were in multifamily mortgage loans. $178,654,000 of loans were in 1-4 family mortgage loans. $46,397,000 of loans were in farm loans. $0 of loans were in credit card loans. $9,500,000 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 | 558 | $138,207 | $247,683 |
| Nonfarm, nonresidential loans - <$100k | 118 | $5,482 | $46,458 |
| Nonfarm, nonresidential loans - $100-250k | 178 | $23,972 | $134,674 |
| Nonfarm, nonresidential loans - $250k-1MM | 262 | $108,753 | $415,088 |
| Commercial & Industrial, US addressed loans - <$1MM | 843 | $51,655 | $61,275 |
| Commercial & Industrial, US addressed loans - <$100k | 633 | $11,863 | $18,741 |
| Commercial & Industrial, US addressed loans - $100-250k | 115 | $10,923 | $94,983 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 95 | $28,869 | $303,884 |
| Farmland loans - <$1MM | 222 | $23,432 | $105,550 |
| Farmland loans - <$100k | 43 | $1,477 | $34,349 |
| Farmland loans - $100-250k | 99 | $7,181 | $72,535 |
| Farmland loans - $250k-1MM | 80 | $14,774 | $184,675 |
| Agriculture operations loans - <$1MM | 468 | $27,678 | $59,141 |
| Agriculture operations loans - <$100k | 280 | $6,058 | $21,636 |
| Agriculture operations loans - $100-250k | 118 | $10,428 | $88,373 |
| Agriculture operations loans - $250k-1MM | 70 | $11,192 | $159,886 |
