Aimbank Mortgage Rates, Fees & Info

Littlefield, TX

LEI: 5493008ETO073AABH263

Tax ID: 75-0396855

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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, Dallas, and Snyder among others. We have data for 34 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Aimbank has an 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

    674

    Origination Dollar Volume (All Markets)

    $133,590,000

    Employee count

    298 Show all (5) 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) 169 $40,445,000 $239,320 $3,661 5.48%
    ODESSA, TX (FHA|USDA|VA) 94 $20,380,000 $216,809 $6,303 4.79%
    MIDLAND, TX (FHA|USDA|VA) 64 $16,370,000 $255,781 $4,841 4.83%
    Outside of Metro Areas 98 $12,920,000 $131,837 $4,100 4.86%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 14 $7,140,000 $510,000 $4,656 4.73%
    Snyder, TX (FHA|USDA|VA) 53 $6,385,000 $120,472 $2,972 5.54%
    ABILENE, TX (FHA|USDA|VA) 25 $5,295,000 $211,800 $3,643 5.39%
    Pampa, TX (FHA|USDA|VA) 50 $4,790,000 $95,800 $3,043 5.21%
    Levelland, TX (FHA|USDA|VA) 45 $4,765,000 $105,889 $3,265 4.78%
    AMARILLO, TX (FHA|USDA|VA) 21 $2,885,000 $137,381 $4,241 4.38%
    ALBUQUERQUE, NM (FHA|USDA|VA) 1 $2,355,000 $2,355,000 $0 5.02%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 4 $1,290,000 $322,500 $6,367 4.28%
    Steamboat Springs, CO (FHA|USDA|VA) 1 $1,075,000 $1,075,000 $0 6.50%
    Granbury, TX (FHA|USDA|VA) 4 $970,000 $242,500 $5,161 4.21%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 3 $825,000 $275,000 $7,227 3.92%
    SAN ANGELO, TX (FHA|USDA|VA) 1 $805,000 $805,000 $0 7.00%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 2 $710,000 $355,000 $5,848 5.75%
    Big Spring, TX (FHA|USDA|VA) 3 $665,000 $221,667 $5,614 4.83%
    Andrews, TX (FHA|USDA|VA) 4 $530,000 $132,500 $6,157 5.56%
    SANTA FE, NM (FHA|USDA|VA) 1 $495,000 $495,000 $4,481 4.13%
    Lamesa, TX (FHA|USDA|VA) 2 $410,000 $205,000 $7,593 4.56%
    Mineral Wells, TX (FHA|USDA|VA) 1 $395,000 $395,000 $4,996 3.25%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $205,000 $205,000 $0 6.50%
    Corsicana, TX (FHA|USDA|VA) 1 $195,000 $195,000 $3,299 5.39%
    Russellville, AR (FHA|USDA|VA) 1 $175,000 $175,000 $4,845 4.63%
    Alamogordo, NM (FHA|USDA|VA) 1 $165,000 $165,000 $2,403 3.63%
    Portales, NM (FHA|USDA|VA) 1 $165,000 $165,000 $2,810 3.88%
    WACO, TX (FHA|USDA|VA) 2 $160,000 $80,000 $0 6.50%
    St. Marys, GA (FHA|USDA|VA) 1 $155,000 $155,000 $2,946 4.50%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $135,000 $135,000 $2,975 4.50%
    Brownwood, TX (FHA|USDA|VA) 1 $105,000 $105,000 $6,389 5.75%
    Borger, TX (FHA|USDA|VA) 2 $90,000 $45,000 $0 7.34%
    Dumas, TX (FHA|USDA|VA) 1 $75,000 $75,000 $4,946 5.13%
    Hobbs, NM (FHA|USDA|VA) 1 $65,000 $65,000 $1,939 5.19%
    Aimbank's top markets include Lubbock, Odessa, Midland, Dallas, and Snyder among others.

    Their top states include:
  • Texas (FHA|USDA|VA)
  • New Mexico (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)
  • Georgia (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.

    AMARILLO COMMUNITY
    Similarity Rank: 85
    My Community Credit Union
    Similarity Rank: 168
    KELLY COMMUNITY FEDERAL CREDIT UNION
    Similarity Rank: 235
    Cooperative Teachers Credit Union
    Similarity Rank: 360
    CHEVRON
    Similarity Rank: 435
    Alliance Credit Union
    Similarity Rank: 494
    Texas Mortgage Lending, LLC
    Similarity Rank: 714
    Austin Bank, Texas
    Similarity Rank: 779
    INFINITY MORTGAGE HOLDINGS, LLC
    Similarity Rank: 870
    UNIVERSAL LENDING CORPORATION
    Similarity Rank: 897

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 517 $107,475,000 $207,882 $3,373 5.31%
    FHA 129 $21,205,000 $164,380 $6,431 4.38%
    VA 17 $3,725,000 $219,118 $5,887 3.94%
    USDA 7 $675,000 $96,429 $3,886 4.11%
    HELOC 4 $510,000 $127,500 n/a 6.30%

    For 2019, Aimbank's most frequently originated type of loan was Conventional, with 517 originations. Their 2nd most popular type was FHA, with 129 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 535 $111,225,000 $207,897 $4,851 5.07%
    Cash Out Refi 60 $10,060,000 $167,667 $2,938 5.10%
    Refi 43 $10,305,000 $239,651 $3,195 4.67%
    Home Improvement 23 $1,235,000 $53,696 $906 6.19%
    Other 13 $765,000 $58,846 $1,138 5.41%

    For 2019, Aimbank's most frequently cited loan purpose was Home Purchase, with 535 originations. The 2nd most popular reason was Cash Out Refi, with 60 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 321 $64,875,000 $202,103 $5,215 4.28%
    15 Year 130 $23,630,000 $181,769 $2,649 4.94%
    Other 107 $19,195,000 $179,393 $760 6.66%
    10 Year 65 $7,335,000 $112,846 $1,155 5.99%
    5 Year 23 $14,205,000 $617,609 $982 6.46%
    1 Year 13 $2,285,000 $175,769 $0 6.30%
    20 Year 12 $1,760,000 $146,667 $3,537 5.06%
    3 Year 3 $305,000 $101,667 $0 6.67%

    For 2019, Aimbank's most frequently cited loan duration was 30 Year, with 321 originations. The 2nd most popular length was 15 Year, with 130 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 377 $70,865,000 $187,971
    $1k-2k 54 $10,580,000 $195,926
    $2k-3k 11 $2,215,000 $201,364
    $3k-4k 3 $1,355,000 $451,667
    $4k-5k 2 $430,000 $215,000
    $5k+ 2 $340,000 $170,000

    Aimbank's average total fees were $5,215, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 377 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 236 $46,790,000 $198,263
    3-4% 150 $31,240,000 $208,267
    5-6% 132 $34,170,000 $258,864
    6-7% 122 $19,190,000 $157,295
    7-8% 33 $2,185,000 $66,212
    Over 8% 1 $15,000 $15,000

    During 2019, Aimbank's average interest rate for loans was 4.28%, while their most frequently originated rate bucket for loans was 4-5%, with 236 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 244 $35,210,000 $144,303 $4,296 4.85%
    $100,000 or less 224 $14,480,000 $64,643 $2,450 5.74%
    $200k-400k 160 $42,670,000 $266,688 $5,519 4.63%
    $400k-600k 32 $15,300,000 $478,125 $6,180 4.60%
    $600k-1MM 10 $7,030,000 $703,000 $5,910 5.02%
    $1MM+ 4 $18,900,000 $4,725,000 $0 5.92%

    2019 saw Aimbank place emphasis on $100k-200k loans with 244 originations, totaling $35,210,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 110 $21,780,000 $198,000 $4,422 4.68%
    $75k-100k 103 $16,815,000 $163,252 $4,845 4.75%
    $50k-75k 96 $13,600,000 $141,667 $4,798 4.65%
    $50k or less 86 $8,850,000 $102,907 $3,844 4.53%
    $150k-250k 81 $15,855,000 $195,741 $3,843 5.49%
    $250k+ 57 $16,985,000 $297,982 $3,994 5.00%

    Aimbank lent most frequently to those with incomes in the $100k-150k range, with 110 originations. The second most popular income band? $75k-100k, with 103 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 95 $16,895,000 $177,842 $3,702 4.66%
    30-36% 82 $15,380,000 $187,561 $4,095 4.58%
    <20% 49 $7,185,000 $146,633 $3,015 5.47%
    50-60% 47 $8,315,000 $176,915 $6,560 4.63%
    38% 28 $4,460,000 $159,286 $3,928 4.31%
    >60% 25 $3,035,000 $121,400 $0 7.23%
    40% 25 $4,875,000 $195,000 $4,140 4.74%
    41% 21 $3,935,000 $187,381 $4,673 4.70%
    42% 21 $3,745,000 $178,333 $4,143 4.93%
    37% 20 $3,170,000 $158,500 $4,016 4.64%
    43% 18 $3,040,000 $168,889 $5,175 4.74%
    45% 17 $3,855,000 $226,765 $5,332 4.38%
    49% 17 $2,905,000 $170,882 $5,142 4.81%
    36% 15 $2,555,000 $170,333 $3,598 4.51%
    39% 14 $2,720,000 $194,286 $3,960 4.46%
    44% 14 $3,270,000 $233,571 $4,989 4.48%
    46% 14 $2,130,000 $152,143 $4,467 4.48%
    48% 13 $2,195,000 $168,846 $4,539 4.76%
    47% 8 $1,840,000 $230,000 $5,390 4.63%

    Aimbank lent most frequently to those with DTI ratios of 20-30%, with 95 originations. The next most common DTI ratio? 30-36%, with 82 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 430 $70,320,000 $163,535 $4,068 4.91%
    Not applicable 129 $37,735,000 $292,519 $0 6.23%
    Not provided 92 $22,120,000 $240,435 $5,538 4.31%
    Asian 9 $1,525,000 $169,444 $3,842 5.35%
    Black 11 $1,435,000 $130,455 $4,163 5.04%
    American Indian 3 $455,000 $151,667 $2,809 4.98%

    Approval Rates

    Total approvals of all applications
    89.68%

    Aimbank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.17%

    Aimbank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 674 $133,590,000 $198,205

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $365,000 $365,000
    Multifamily:Site-Built 7 $14,655,000 $2,093,571
    Single Family (1-4 Units):Manufactured 24 $2,170,000 $90,417
    Single Family (1-4 Units):Site-Built 642 $116,400,000 $181,308

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 24 $1,880,000 $78,333 $2,080 5.70%
    40-60% 71 $26,435,000 $372,324 $2,781 5.44%
    60-80% 247 $47,825,000 $193,623 $3,900 5.31%
    80-100% 295 $52,805,000 $179,000 $5,137 4.64%
    Over 100% 8 $2,190,000 $273,750 $9,327 5.95%
    Under 20% 29 $2,455,000 $84,655 $1,451 6.19%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    AIMBank 4704 College Avenue Snyder, TX 79549 Full Service Retail $56,112
    AIMBank 100 South Main Miami, TX 79059 Full Service B&M $38,521
    AIMBank 101 West American Boulevard Muleshoe, TX 79347 Full Service B&M $109,619
    AIMBank 102 East Waylon Jennings Boulevard Littlefield, TX 79339 Full Service B&M $1,234
    AIMBank 110 College Avenue Levelland, TX 79336 Full Service B&M $245,781
    AIMBank 1111 W Wall St Midland, TX 79701 Full Service B&M $72,465
    AIMBank 1224 North Hobart Pampa, TX 79065 Full Service B&M $117,622
    AIMBank 1505 U.S. Highway 82 Plains, TX 79355 Full Service B&M $15,673
    AIMBank 3004 Slide Road Lubbock, TX 79407 Full Service B&M $21,071
    AIMBank 305 North Main Street Shamrock, TX 79079 Full Service B&M $59,547
    AIMBank 337 Phelps Avenue Littlefield, TX 79339 Full Service B&M $59,677
    AIMBank 3910 S. Treadaway Boulevard Abilene, TX 79602 Full Service B&M $62,681
    AIMBank 5701 Time Square Boulevard, Suite 120 Amarillo, TX 79119 Full Service B&M $21,545
    AIMBank 6502 Slide Road, Suite 110 Lubbock, TX 79424 Full Service B&M $190,348
    AIMBank 6506 19th Street Lubbock, TX 79407 Full Service B&M $9,650
    AIMBank 702 Donald Preston Drive Wolfforth, TX 79382 Full Service B&M $21,062
    AIMBank 7281 Tres Hermanas Boulevard Odessa, TX 79765 Full Service B&M $119,361
    AIMBank 801 Avenue A Farwell, TX 79325 Full Service B&M $26,537

    For 2019, Aimbank had 18 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $74,456
    Net interest income $59,980
    Total noninterest income $10,350
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $3,870
    Trading account gains and fees $0
    Additional Noninterest Income $6,480
    Pre-tax net operating income $28,288
    Securities gains (or losses, -) $-1
    Income before extraordinary items $22,001
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $22,001
    Minority interest net income $0
    Net income $22,001
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $22,001

    Aimbank's gross interest income from loans was $74,456,000.
    Aimbank's net interest income from loans was $59,980,000.
    Aimbank's fee based income from loans was $3,870,000.
    Aimbank's net income from loans was $22,001,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $14,476
    Provision for credit losses $2,436
    Total noninterest expense $39,606
    Salaries and employee benefits $25,182
    Premises and equipment expense $3,836
    Additional noninterest expense $10,588
    Applicable income taxes $6,286
    Net charge-offs $664
    Cash dividends $7,250

    Aimbank's interest expense for loans was $14,476,000.
    Aimbank's payroll and benefits expense were $25,182,000.
    Aimbank's property, plant and equipment expenses $3,836,000.

    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 $1,542,828
    Deposits held in domestic offices $1,542,828
    Deposits by Individuals, partnerships, and corporations $1,352,807
    Deposits by U.S. Government $1
    Deposits by States and political subdivisions in the U.S. $188,716
    Deposits by Commercial banks and other depository institutions in U.S. $1,304
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $130,840
    Demand deposits $130,840
    Nontransaction accounts $1,411,988
    Money market deposit accounts (MMDAs) $657,058
    Other savings deposits (excluding MMDAs) $324,463
    Total time deposits $430,467
    Total time and savings deposits $1,411,988
    Noninterest-bearing deposits $479,636
    Interest-bearing deposits $1,063,192
    Retail deposits $1,347,800
    IRAs and Keogh plan accounts $28,181
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,775,803
    Cash & Balances due from depository institutions $47,512
    Interest-bearing balances $14,639
    Total securities $491,995
    Federal funds sold & reverse repurchase $0
    Net loans and leases $1,146,760
    Loan and leases loss allowance $13,123
    Trading account assets $0
    Bank premises and fixed assets $31,446
    Other real estate owned $1,058
    Goodwill and other intangibles $25,195
    All other assets $31,837

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,775,803
    Total Liabilities $1,578,417
    Total deposits $1,542,828
    Interest-bearing deposits $1,063,192
    Deposits held in domestic offices $1,542,828
    % insured (estimated) $61
    Federal funds purchased and repurchase agreements $25,353
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $10,236

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,146,760
    Loan and leases loss allowance $13,123
    Total loans and leases (domestic) $1,159,883
    All real estate loans $773,222
    Real estate loans in domestic offices $773,222
    Construction and development loans $107,699
    Residential 1-4 family construction $29,218
    Other construction, all land development and other land $78,481
    Loans secured by nonfarm nonresidential properties $321,193
    Nonfarm nonresidential secured by owner-occupied properties $124,182
    Commercial real estate & other non-farm, non-residential $197,011
    Multifamily residential real estate $6,193
    1-4 family residential loans $210,243
    Farmland loans $127,894
    Loans held in foreign offices $0
    Farm loans $138,745
    Commercial and industrial loans $223,020
    To non-U.S. addressees $0
    Loans to individuals $19,182
    Credit card loans $0
    Related Plans $428
    Consumer Auto Loans $6,576
    Other loans to individuals $12,178
    All other loans & leases $5,734
    Loans to foreign governments and official institutions $0
    Other loans $119
    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 $493
    Non 1-4 family restructured loans & leases $493
    Total loans and leases (foreign) $0

    AIMBank had $1,146,760,000 of loans outstanding in 2019. $773,222,000 of loans were in real estate loans. $107,699,000 of loans were in development loans. $6,193,000 of loans were in multifamily mortgage loans. $210,243,000 of loans were in 1-4 family mortgage loans. $138,745,000 of loans were in farm loans. $0 of loans were in credit card loans. $6,576,000 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 465 $91,894 $197,622
    Nonfarm, nonresidential loans - <$100k 164 $6,505 $39,665
    Nonfarm, nonresidential loans - $100-250k 115 $14,001 $121,748
    Nonfarm, nonresidential loans - $250k-1MM 186 $71,388 $383,806
    Commercial & Industrial, US addressed loans - <$1MM 1,177 $79,745 $67,753
    Commercial & Industrial, US addressed loans - <$100k 872 $18,664 $21,404
    Commercial & Industrial, US addressed loans - $100-250k 150 $13,991 $93,273
    Commercial & Industrial, US addressed loans - $250k-1MM 155 $47,090 $303,806
    Farmland loans - <$1MM 200 $27,722 $138,610
    Farmland loans - <$100k 72 $3,033 $42,125
    Farmland loans - $100-250k 79 $10,317 $130,595
    Farmland loans - $250k-1MM 49 $14,372 $293,306
    Agriculture operations loans - <$1MM 458 $21,655 $47,282
    Agriculture operations loans - <$100k 328 $6,090 $18,567
    Agriculture operations loans - $100-250k 70 $6,102 $87,171
    Agriculture operations loans - $250k-1MM 60 $9,463 $157,717