Opportunity Bank Of Montana Mortgage Rates, Fees & Info

Helena, MT

LEI: 5493007ZF78YQRSXQG49

Tax ID: 81-0105500

4.3 stars - out of 5 stars, based on 61 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


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 include Helena, Bozeman, Billings, Missoula, and Great Falls among others. Opportunity Bank Of Montana has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Opportunity Bank Of Montana is typically an average fee lendor.


Originations

3,739

Origination Dollar Volume (All Markets)

$1,075,625,000

Employee count

364 Show all (7) awards

Relative Rate

Opportunity Bank Of Montana's average 30 year fixed rate mortgage of loans were 3.07%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.08%.

Relative Fees

Opportunity Bank Of Montana's average total fees for a 30 year fixed rate mortgage are $5,679.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

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%

Opportunity Bank Of Montana's top markets include Helena, Bozeman, Billings, Missoula, and Great Falls among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 3,176 $909,610,000 $286,401 $4,895 3.13%
VA 308 $102,300,000 $332,143 $6,933 2.53%
FHA 211 $52,805,000 $250,261 $9,334 2.75%
USDA 44 $10,910,000 $247,955 $6,758 2.62%

For the 2021 period, Opportunity Bank Of Montana's most frequently originated loan type of loans were Conventional, with 3,176 originations. Their 2nd most popular type is VA, with 308 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 1,951 $608,465,000 $311,873 $6,176 3.11%
Refi 978 $246,140,000 $251,677 $4,094 2.89%
Cash Out Refi 749 $206,955,000 $276,308 $5,213 3.08%
Other 39 $8,405,000 $215,513 $3,543 3.64%
Home Improvement 22 $5,660,000 $257,273 $4,585 3.33%

For the 2021, Opportunity Bank Of Montana's most frequently cited loan purpose of loans were Home Purchase, with 1,951 originations. The 2nd most popular reason of loans were Refi, with 978 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 3,028 $913,080,000 $301,546 $5,679 3.07%
15 Year 431 $89,425,000 $207,483 $3,781 2.63%
20 Year 170 $41,820,000 $246,000 $4,561 3.31%
Other 79 $26,385,000 $333,987 $3,904 3.88%
10 Year 26 $3,720,000 $143,077 $3,107 3.13%
1 Year 4 $890,000 $222,500 $0 4.44%
3 Year 1 $305,000 $305,000 $0 4.25%

For the 2021, Opportunity Bank Of Montana's most frequently cited loan length of loans were 30 Year, with 3,028 originations. The 2nd most popular length of loans were 15 Year, with 431 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$2k-3k 981 $245,005,000 $249,750
$3k-4k 858 $295,910,000 $344,883
$1k-2k 765 $157,905,000 $206,412
$<1k 563 $164,325,000 $291,874
$5k+ 193 $104,545,000 $541,684

$5,679 of loans were Opportunity Bank Of Montana's average total fees, while their most frequently occuring range of origination fees were in the $2k-3k bucket, with 981 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 1,536 $480,140,000 $312,591
2.5-3% 1,514 $432,100,000 $285,403
<2.5% 532 $127,640,000 $239,925
4-5% 149 $35,415,000 $237,685
5-6% 4 $130,000 $32,500
6-7% 2 $100,000 $50,000
7-8% 2 $100,000 $50,000

During 2021, Opportunity Bank Of Montana's average interest rate of loans were 3.07%, while their most frequently originated rate bucket of loans were 3-4%, with 1,536 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 1,985 $566,635,000 $285,458 $5,588 3.03%
$100k-200k 902 $140,630,000 $155,909 $4,040 3.01%
$400k-600k 558 $267,090,000 $478,656 $6,796 3.11%
$100,000 or less 202 $12,570,000 $62,228 $2,195 3.11%
$600k-1MM 71 $52,095,000 $733,732 $10,663 3.37%
$1MM+ 21 $36,605,000 $1,743,095 $13,328 3.30%

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

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 871 $206,815,000 $237,445 $5,314 2.99%
$100k-150k 784 $252,330,000 $321,849 $5,777 3.07%
$75k-100k 675 $188,095,000 $278,659 $5,475 3.07%
$50k or less 520 $85,070,000 $163,596 $4,462 2.93%
$150k-250k 445 $168,155,000 $377,876 $5,889 3.08%
$250k+ 231 $112,855,000 $488,550 $7,010 3.23%

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

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 752 $217,530,000 $289,269 $5,203 3.00%
30-36% 675 $191,155,000 $283,193 $5,222 3.05%
<20% 326 $85,080,000 $260,982 $4,408 2.98%
44% 164 $45,710,000 $278,720 $5,841 3.07%
38% 146 $42,180,000 $288,904 $5,291 3.10%
43% 145 $42,105,000 $290,379 $5,923 3.16%
42% 143 $39,705,000 $277,657 $5,142 3.10%
36% 141 $39,905,000 $283,014 $4,943 3.07%
37% 139 $44,205,000 $318,022 $6,170 3.05%
39% 138 $44,010,000 $318,913 $6,095 3.03%
40% 135 $39,735,000 $294,333 $5,976 3.10%
41% 132 $37,820,000 $286,515 $5,460 3.11%
49% 106 $31,160,000 $293,962 $5,648 3.11%
45% 95 $28,355,000 $298,474 $6,117 3.08%
46% 88 $26,420,000 $300,227 $5,232 3.01%
47% 85 $23,265,000 $273,706 $6,253 3.04%
50-60% 83 $23,715,000 $285,723 $7,926 2.73%
48% 80 $23,480,000 $293,500 $6,291 3.05%
>60% 4 $760,000 $190,000 $4,456 3.87%

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

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 3,107 $879,415,000 $283,043 $5,389 3.02%
Not provided 444 $139,580,000 $314,369 $5,318 3.10%
Not applicable 69 $25,335,000 $367,174 $0 4.25%
American Indian 65 $15,905,000 $244,692 $5,353 2.93%
Asian 32 $9,780,000 $305,625 $5,352 3.00%
Black 13 $3,115,000 $239,615 $5,659 3.23%
Other Asian 3 $1,075,000 $358,333 $6,531 3.29%
Native Hawaiian 2 $520,000 $260,000 $6,525 2.69%
Korean 2 $450,000 $225,000 $3,947 3.13%
Filipino 1 $275,000 $275,000 $3,801 3.00%
Other Pacific Islander 1 $175,000 $175,000 $3,205 3.00%

Approval Rates

Total approvals of all applications
96.70%

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 origination
70.64%

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

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 219 $40,025,000 $182,763 $3,796 2.94%
40-60% 648 $164,550,000 $253,935 $4,403 2.98%
60-80% 1,450 $454,450,000 $313,414 $5,162 3.19%
80-100% 1,226 $379,130,000 $309,241 $6,509 3.02%
Over 100% 40 $13,170,000 $329,250 $13,028 2.74%
Under 20% 75 $3,785,000 $50,467 $1,270 2.80%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Opportunity Bank of Montana 101 Main Street West Dutton, MT 59433 Full Service B&M $27,884
Opportunity Bank of Montana 1005 North 27th Street Billings, MT 59101 Full Service B&M $8,447
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 101 Mcleod Street Big Timber, MT 59011 Full Service B&M $53,936
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