Aimbank Mortgage Rates, Fees & Info

Littlefield, TX

LEI: 5493008ETO073AABH263

Tax ID: 75-0396855

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Aimbank is a smaller bank specializing in Home Purchase loans. Aimbank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Lubbock, Odessa, Midland, Levelland, and Pampa among others. We have data for 29 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Aimbank 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. Aimbank 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    Originations

    669

    Origination Dollar Volume (All Markets)

    $105,815,000

    Employee count

    243 Show all (9) awards

    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
    LUBBOCK, TX (FHA|USDA|VA) 164 $24,470,000 $149,207 $3,938 5.50%
    ODESSA, TX (FHA|USDA|VA) 101 $18,815,000 $186,287 $5,601 5.24%
    MIDLAND, TX (FHA|USDA|VA) 74 $16,530,000 $223,378 $5,662 5.22%
    Outside of Metro Areas 68 $8,830,000 $129,853 $3,826 5.45%
    Levelland, TX (FHA|USDA|VA) 61 $6,675,000 $109,426 $3,148 5.44%
    Pampa, TX (FHA|USDA|VA) 49 $6,085,000 $124,184 $2,083 6.00%
    AMARILLO, TX (FHA|USDA|VA) 36 $5,820,000 $161,667 $3,411 5.06%
    Snyder, TX (FHA|USDA|VA) 47 $4,835,000 $102,872 $3,787 5.80%
    TYLER, TX (FHA|USDA|VA) 18 $3,110,000 $172,778 $4,060 4.57%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $2,810,000 $1,405,000 $4,292 5.09%
    ABILENE, TX (FHA|USDA|VA) 19 $2,685,000 $141,316 $2,541 5.79%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 9 $1,745,000 $193,889 $5,087 4.75%
    SAN ANGELO, TX (FHA|USDA|VA) 2 $510,000 $255,000 $4,415 4.31%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $405,000 $405,000 $4,671 4.88%
    Brownwood, TX (FHA|USDA|VA) 1 $345,000 $345,000 $0 5.50%
    Andrews, TX (FHA|USDA|VA) 2 $300,000 $150,000 $1,559 5.63%
    Mineral Wells, TX (FHA|USDA|VA) 1 $265,000 $265,000 $4,260 4.75%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $245,000 $245,000 $8,067 4.50%
    Hobbs, NM (FHA|USDA|VA) 2 $220,000 $110,000 $2,307 5.15%
    ALBUQUERQUE, NM (FHA|USDA|VA) 1 $155,000 $155,000 $2,380 4.75%
    Lamesa, TX (FHA|USDA|VA) 1 $155,000 $155,000 $7,026 4.75%
    Sweetwater, TX (FHA|USDA|VA) 1 $135,000 $135,000 $0 6.00%
    Paris, TX (FHA|USDA|VA) 1 $125,000 $125,000 $5,328 3.88%
    Plainview, TX (FHA|USDA|VA) 1 $105,000 $105,000 $2,930 5.75%
    Big Spring, TX (FHA|USDA|VA) 1 $105,000 $105,000 $2,859 4.50%
    WICHITA FALLS, TX (FHA|USDA|VA) 1 $95,000 $95,000 $0 6.50%
    Granbury, TX (FHA|USDA|VA) 1 $95,000 $95,000 $0 6.49%
    Borger, TX (FHA|USDA|VA) 2 $80,000 $40,000 $0 6.40%
    Ruidoso, NM (FHA|USDA|VA) 1 $65,000 $65,000 $2,605 6.00%
    Aimbank's top markets include Lubbock, Odessa, Midland, Levelland, and Pampa among others.

    Their top states include:
  • Texas (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • New Mexico (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against AIMBank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Access Community Credit Union
    Similarity Rank: 35
    AB COMMUNITY INVESTMENT COMPANY
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    My Community Credit Union
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    KELLY COMMUNITY FEDERAL CREDIT UNION
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    Cooperative Teachers Credit Union
    Similarity Rank: 333
    Texas National Bank of Jacksonville
    Similarity Rank: 390
    TruHome Solutions, LLC
    Similarity Rank: 648
    ASSOCIATED MORTGAGE CORPORATION
    Similarity Rank: 651
    Austin Bank, Texas
    Similarity Rank: 680
    Cendera Funding Inc.
    Similarity Rank: 784

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 503 $78,815,000 $156,690 $3,214 5.63%
    FHA 142 $22,460,000 $158,169 $6,128 4.85%
    VA 17 $3,905,000 $229,706 $5,808 4.32%
    USDA 7 $635,000 $90,714 $3,791 4.59%

    For 2018, Aimbank's most frequently originated type of loan was Conventional, with 503 originations. Their 2nd most popular type was FHA, with 142 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 511 $80,425,000 $157,387 $4,826 5.29%
    Cash Out Refi 75 $6,325,000 $84,333 $1,488 6.17%
    Refi 67 $18,405,000 $274,701 $3,335 5.31%
    Home Improvement 15 $505,000 $33,667 $1,015 6.57%
    Other 1 $155,000 $155,000 $1,039 7.38%

    For 2018, Aimbank's most frequently cited loan purpose was Home Purchase, with 511 originations. The 2nd most popular reason was Cash Out Refi, with 75 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 322 $61,320,000 $190,435 $5,094 4.78%
    15 Year 103 $15,975,000 $155,097 $2,289 5.32%
    Other 98 $12,740,000 $130,000 $1,617 6.42%
    5 Year 61 $6,355,000 $104,180 $0 6.45%
    10 Year 48 $4,170,000 $86,875 $1,213 6.43%
    20 Year 18 $3,000,000 $166,667 $5,086 4.78%
    1 Year 16 $2,020,000 $126,250 $0 6.49%
    3 Year 3 $235,000 $78,333 $0 5.83%

    For 2018, Aimbank's most frequently cited loan duration was 30 Year, with 322 originations. The 2nd most popular length was 15 Year, with 103 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 370 $64,600,000 $174,595
    $1k-2k 30 $6,510,000 $217,000
    $2k-3k 11 $3,185,000 $289,545
    $3k-4k 3 $1,005,000 $335,000
    $4k-5k 1 $305,000 $305,000
    $5k+ 1 $255,000 $255,000

    Aimbank's average total fees were $5,094, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 370 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 270 $53,710,000 $198,926
    5-6% 187 $29,935,000 $160,080
    6-7% 143 $12,875,000 $90,035
    7-8% 36 $2,820,000 $78,333
    3-4% 33 $6,475,000 $196,212

    During 2018, Aimbank's average interest rate for loans was 4.78%, while their most frequently originated rate bucket for loans was 4-5%, with 270 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 259 $15,695,000 $60,598 $2,112 6.06%
    $100k-200k 233 $33,955,000 $145,730 $4,534 5.09%
    $200k-400k 152 $40,150,000 $264,145 $5,479 4.90%
    $400k-600k 19 $8,665,000 $456,053 $4,805 4.89%
    $1MM+ 4 $5,630,000 $1,407,500 $4,292 5.37%
    $600k-1MM 2 $1,720,000 $860,000 $9,133 5.78%

    2018 saw Aimbank place emphasis on $100,000 or less loans with 259 originations, totaling $15,695,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 129 $20,175,000 $156,395 $4,449 5.17%
    $50k-75k 123 $17,325,000 $140,854 $4,754 5.16%
    $100k-150k 110 $19,650,000 $178,636 $4,071 5.32%
    $50k or less 103 $9,275,000 $90,049 $3,750 5.32%
    $150k-250k 61 $11,885,000 $194,836 $3,631 5.64%
    $250k+ 44 $14,240,000 $323,636 $4,545 5.40%

    Aimbank lent most frequently to those with incomes in the $75k-100k range, with 129 originations. The second most popular income band? $50k-75k, with 123 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 102 $15,060,000 $147,647 $3,398 5.27%
    30-36% 90 $15,470,000 $171,889 $3,687 5.34%
    50-60% 46 $7,570,000 $164,565 $6,031 5.26%
    <20% 42 $4,070,000 $96,905 $2,776 5.74%
    42% 31 $5,575,000 $179,839 $3,340 5.55%
    49% 26 $5,320,000 $204,615 $5,057 4.88%
    38% 23 $3,515,000 $152,826 $3,660 5.36%
    43% 22 $4,170,000 $189,545 $4,980 4.96%
    >60% 21 $2,885,000 $137,381 $2,026 6.58%
    37% 20 $2,930,000 $146,500 $5,198 5.03%
    41% 19 $3,265,000 $171,842 $4,375 4.95%
    39% 19 $3,355,000 $176,579 $4,197 5.45%
    36% 19 $2,945,000 $155,000 $4,408 5.41%
    47% 16 $2,850,000 $178,125 $5,350 4.94%
    40% 16 $3,160,000 $197,500 $4,721 4.94%
    44% 15 $2,795,000 $186,333 $5,488 4.56%
    45% 14 $2,460,000 $175,714 $5,188 4.84%
    48% 13 $2,225,000 $171,154 $4,806 4.90%
    46% 10 $2,180,000 $218,000 $5,435 5.06%

    Aimbank lent most frequently to those with DTI ratios of 20-30%, with 102 originations. The next most common DTI ratio? 30-36%, with 90 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 484 $74,440,000 $153,802 $4,028 5.38%
    Not provided 75 $16,185,000 $215,800 $5,273 4.83%
    Not applicable 96 $12,940,000 $134,792 $0 6.16%
    Black 6 $1,320,000 $220,000 $4,976 4.35%
    American Indian 4 $630,000 $157,500 $5,847 4.72%
    Asian 4 $300,000 $75,000 $1,660 6.09%

    Approval Rates

    Total approvals of all applications
    93.37%

    Aimbank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.30%

    Aimbank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 669 $105,815,000 $158,169

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 9 $4,805,000 $533,889
    Single Family (1-4 Units):Manufactured 11 $945,000 $85,909
    Single Family (1-4 Units):Site-Built 649 $100,065,000 $154,183

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 50 $5,270,000 $105,400 $1,758 6.06%
    40-60% 65 $7,975,000 $122,692 $2,553 5.72%
    60-80% 227 $37,585,000 $165,573 $3,485 5.58%
    80-100% 298 $53,170,000 $178,423 $5,311 5.04%
    Over 100% 3 $595,000 $198,333 $7,403 4.46%
    Under 20% 26 $1,220,000 $46,923 $1,169 6.48%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    AIMBank 801 Avenue A Farwell, TX 79325 Full Service B&M $23,815
    AIMBank 100 South Main Miami, TX 79059 Full Service B&M $34,925
    AIMBank 101 West American Boulevard Muleshoe, TX 79347 Full Service B&M $85,887
    AIMBank 102 East Waylon Jennings Boulevard Littlefield, TX 79339 Full Service B&M $1,110
    AIMBank 110 College Avenue Levelland, TX 79336 Full Service B&M $230,667
    AIMBank 1111 W Wall St Midland, TX 79701 Full Service B&M $44,156
    AIMBank 1224 North Hobart Pampa, TX 79065 Full Service B&M $116,788
    AIMBank 1505 U.S. Highway 82 Plains, TX 79355 Full Service B&M $12,489
    AIMBank 3004 Slide Road Lubbock, TX 79407 Full Service B&M $19,570
    AIMBank 305 North Main Street Shamrock, TX 79079 Full Service B&M $60,077
    AIMBank 337 Phelps Avenue Littlefield, TX 79339 Full Service B&M $63,594
    AIMBank 3409 S. 14th Street Abilene, TX 79605 Full Service B&M $52,838
    AIMBank 4704 College Avenue Snyder, TX 79549 Full Service Retail $60,509
    AIMBank 5701 Time Square Boulevard, Suite 120 Amarillo, TX 79119 Full Service B&M $15,379
    AIMBank 6502 Slide Road, Suite 110 Lubbock, TX 79424 Full Service B&M $193,302
    AIMBank 6506 19th Street Lubbock, TX 79407 Full Service B&M $8,187
    AIMBank 702 Donald Preston Drive Wolfforth, TX 79382 Full Service B&M $13,863
    AIMBank 7281 Tres Hermanas Boulevard Odessa, TX 79765 Full Service B&M $140,853

    For 2018, Aimbank had 18 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $58,536
    Net interest income $48,721
    Total noninterest income $8,633
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $3,075
    Trading account gains and fees $0
    Additional Noninterest Income $5,558
    Pre-tax net operating income $18,450
    Securities gains (or losses, -) $-13
    Income before extraordinary items $15,692
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $15,692
    Minority interest net income $0
    Net income $15,692
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $15,703

    Aimbank's gross interest income from loans was $58,536,000.
    Aimbank's net interest income from loans was $48,721,000.
    Aimbank's fee based income from loans was $3,075,000.
    Aimbank's net income from loans was $15,692,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $9,815
    Provision for credit losses $437
    Total noninterest expense $38,467
    Salaries and employee benefits $21,502
    Premises and equipment expense $3,213
    Additional noninterest expense $13,752
    Applicable income taxes $2,745
    Net charge-offs $342
    Cash dividends $1,000

    Aimbank's interest expense for loans was $9,815,000.
    Aimbank's payroll and benefits expense were $21,502,000.
    Aimbank's property, plant and equipment expenses $3,213,000.

    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 $1,232,126
    Deposits held in domestic offices $1,232,126
    Deposits by Individuals, partnerships, and corporations $1,078,815
    Deposits by U.S. Government $72
    Deposits by States and political subdivisions in the U.S. $149,059
    Deposits by Commercial banks and other depository institutions in U.S. $4,180
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $105,305
    Demand deposits $105,305
    Nontransaction accounts $1,126,821
    Money market deposit accounts (MMDAs) $463,082
    Other savings deposits (excluding MMDAs) $278,898
    Total time deposits $384,840
    Total time and savings deposits $1,126,821
    Noninterest-bearing deposits $340,822
    Interest-bearing deposits $891,304
    Retail deposits $1,068,510
    IRAs and Keogh plan accounts $25,848
    Brokered deposits $2,460
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,401,066
    Cash & Balances due from depository institutions $93,380
    Interest-bearing balances $68,335
    Total securities $275,967
    Federal funds sold & reverse repurchase $0
    Net loans and leases $969,327
    Loan and leases loss allowance $11,351
    Trading account assets $0
    Bank premises and fixed assets $21,989
    Other real estate owned $966
    Goodwill and other intangibles $17,091
    All other assets $22,346

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,401,066
    Total Liabilities $1,254,633
    Total deposits $1,232,126
    Interest-bearing deposits $891,304
    Deposits held in domestic offices $1,232,126
    % insured (estimated) $66
    Federal funds purchased and repurchase agreements $14,137
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $8,370

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $969,327
    Loan and leases loss allowance $11,351
    Total loans and leases (domestic) $980,678
    All real estate loans $655,680
    Real estate loans in domestic offices $655,680
    Construction and development loans $70,172
    Residential 1-4 family construction $28,178
    Other construction, all land development and other land $41,994
    Loans secured by nonfarm nonresidential properties $333,832
    Nonfarm nonresidential secured by owner-occupied properties $129,230
    Commercial real estate & other non-farm, non-residential $204,602
    Multifamily residential real estate $6,106
    1-4 family residential loans $171,012
    Farmland loans $74,558
    Loans held in foreign offices $0
    Farm loans $76,818
    Commercial and industrial loans $228,880
    To non-U.S. addressees $0
    Loans to individuals $14,267
    Credit card loans $0
    Related Plans $315
    Consumer Auto Loans $3,986
    Other loans to individuals $9,966
    All other loans & leases $5,055
    Loans to foreign governments and official institutions $0
    Other loans $168
    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 $538
    Non 1-4 family restructured loans & leases $538
    Total loans and leases (foreign) $0

    AIMBank had $969,327,000 of loans outstanding in 2018. $655,680,000 of loans were in real estate loans. $70,172,000 of loans were in development loans. $6,106,000 of loans were in multifamily mortgage loans. $171,012,000 of loans were in 1-4 family mortgage loans. $76,818,000 of loans were in farm loans. $0 of loans were in credit card loans. $3,986,000 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 389 $79,050 $203,213
    Nonfarm, nonresidential loans - <$100k 145 $5,867 $40,462
    Nonfarm, nonresidential loans - $100-250k 89 $10,729 $120,551
    Nonfarm, nonresidential loans - $250k-1MM 155 $62,454 $402,929
    Commercial & Industrial, US addressed loans - <$1MM 1,042 $71,446 $68,566
    Commercial & Industrial, US addressed loans - <$100k 784 $17,276 $22,036
    Commercial & Industrial, US addressed loans - $100-250k 126 $12,421 $98,579
    Commercial & Industrial, US addressed loans - $250k-1MM 132 $41,749 $316,280
    Farmland loans - <$1MM 117 $13,640 $116,581
    Farmland loans - <$100k 51 $2,023 $39,667
    Farmland loans - $100-250k 44 $5,550 $126,136
    Farmland loans - $250k-1MM 22 $6,067 $275,773
    Agriculture operations loans - <$1MM 260 $14,561 $56,004
    Agriculture operations loans - <$100k 177 $3,286 $18,565
    Agriculture operations loans - $100-250k 46 $4,271 $92,848
    Agriculture operations loans - $250k-1MM 37 $7,004 $189,297