The State Bank Mortgage Rates, Fees & Info
Fenton, MILEI: 5493008ZGI6EQ8RHPQ04
Tax ID: 38-1067370
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Bank Data
Overview
The State Bank is a smaller bank specializing in Home Purchase and Refi loans. The State Bank has a high proportion of conventional loans. Their top markets include Detroit, Flint, Ann Arbor, Lansing, and Saginaw among others. The State Bank 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. The State Bank is typically a low fee lendor.Originations
1,228Origination Dollar Volume (All Markets)
$383,410,000Employee count
224Awards
The State Bank - 2021
The State Bank is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
The State Bank's average 30 year fixed rate mortgage of loans were
3.35%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of 0.2%.
Relative Fees
The State Bank's average total fees for a 30 year fixed rate
mortgage are $2,771.
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 |
|---|---|---|---|---|---|
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 588 | $198,290,000 | $337,228 | $2,975 | 3.18% |
| FLINT, MI (FHA|USDA|VA) | 430 | $116,590,000 | $271,140 | $2,800 | 3.28% |
| ANN ARBOR, MI (FHA|USDA|VA) | 9 | $12,555,000 | $1,395,000 | $2,322 | 3.52% |
| Outside of Metro Areas | 46 | $10,750,000 | $233,696 | $3,002 | 3.17% |
| LANSING-EAST LANSING, MI (FHA|USDA|VA) | 22 | $5,540,000 | $251,818 | $2,734 | 3.48% |
| SAGINAW, MI (FHA|USDA|VA) | 32 | $5,520,000 | $172,500 | $2,070 | 3.26% |
| Traverse City, MI (FHA|USDA|VA) | 4 | $2,640,000 | $660,000 | $3,804 | 3.49% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 6 | $2,270,000 | $378,333 | $3,092 | 2.85% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 8 | $2,160,000 | $270,000 | $2,722 | 3.16% |
| KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) | 3 | $2,085,000 | $695,000 | $3,313 | 3.55% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 5 | $1,625,000 | $325,000 | $3,798 | 3.52% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $1,515,000 | $1,515,000 | $9,130 | 3.75% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 4 | $1,510,000 | $377,500 | $3,501 | 3.69% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 3 | $1,505,000 | $501,667 | $2,035 | 3.25% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $1,290,000 | $645,000 | $4,197 | 3.25% |
| JACKSON, MI (FHA|USDA|VA) | 4 | $1,110,000 | $277,500 | $2,528 | 3.13% |
| MIDLAND, MI (FHA|USDA|VA) | 5 | $1,105,000 | $221,000 | $2,789 | 3.95% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 4 | $1,070,000 | $267,500 | $2,592 | 2.78% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 3 | $975,000 | $325,000 | $4,954 | 3.00% |
| RENO, NV (FHA|USDA|VA) | 3 | $935,000 | $311,667 | $0 | 3.67% |
| BAY CITY, MI (FHA|USDA|VA) | 3 | $805,000 | $268,333 | $2,716 | 3.04% |
| Holland, MI (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $2,015 | 3.06% |
| KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) | 1 | $745,000 | $745,000 | $5,899 | 3.25% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 3 | $715,000 | $238,333 | $4,568 | 3.28% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $705,000 | $705,000 | $2,861 | 3.00% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $3,955 | 3.38% |
| Sturgis, MI (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $3,327 | 3.00% |
| FORT WAYNE, IN (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $1,995 | 2.75% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $2,787 | 2.63% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.00% |
| THE VILLAGES, FL (FHA|USDA|VA) | 3 | $495,000 | $165,000 | $2,393 | 2.79% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $5,288 | 3.25% |
| NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $4,769 | 2.88% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $2,048 | 2.88% |
| NILES, MI (FHA|USDA|VA) | 3 | $375,000 | $125,000 | $2,684 | 2.92% |
| MONROE, MI (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $2,056 | 2.75% |
| Ludington, MI (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $2,252 | 2.25% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $5,849 | 3.13% |
| Sault Ste. Marie, MI (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,320 | 2.50% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $2,478 | 2.94% |
| Mount Pleasant, MI (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $2,155 | 3.00% |
| ST. GEORGE, UT (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,858 | 2.75% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,801 | 3.63% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,944 | 2.88% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,691 | 2.50% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,239 | 2.50% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,125 | 3.00% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,463 | 3.00% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,913 | 3.13% |
| Palatka, FL (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,889 | 2.50% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,320 | 2.75% |
| Big Rapids, MI (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,391 | 2.88% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,512 | 2.63% |
The State Bank's top markets include Detroit, Flint, Ann Arbor, Lansing, and Saginaw among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 1,228 | $383,410,000 | $312,223 | $2,901 | 3.22% |
For the 2021 period, The State Bank's most frequently originated loan type of loans were Conventional, with 1,228 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Purchase | 659 | $231,425,000 | $351,176 | $3,367 | 3.34% |
| Refi | 377 | $100,585,000 | $266,804 | $2,336 | 3.00% |
| Cash Out Refi | 188 | $50,330,000 | $267,713 | $2,469 | 3.22% |
| Home Improvement | 3 | $455,000 | $151,667 | $0 | 4.54% |
| Other | 1 | $615,000 | $615,000 | $0 | 3.75% |
For the 2021, The State Bank's most frequently cited loan purpose of loans were Home Purchase, with 659 originations. The 2nd most popular reason of loans were Refi, with 377 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 801 | $230,005,000 | $287,147 | $2,771 | 3.35% |
| 15 Year | 184 | $42,740,000 | $232,283 | $2,372 | 2.60% |
| 30+ year | 131 | $58,945,000 | $449,962 | $4,632 | 3.37% |
| 20 Year | 45 | $10,715,000 | $238,111 | $2,267 | 3.09% |
| 10 Year | 37 | $16,505,000 | $446,081 | $2,247 | 3.06% |
| Other | 16 | $6,050,000 | $378,125 | $3,377 | 2.88% |
| 5 Year | 14 | $18,450,000 | $1,317,857 | $0 | 3.91% |
For the 2021, The State Bank's most frequently cited loan length of loans were 30 Year, with 801 originations. The 2nd most popular length of loans were 15 Year, with 184 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 924 | $244,750,000 | $264,881 |
| $1k-2k | 198 | $89,080,000 | $449,899 |
| $3k-4k | 10 | $3,190,000 | $319,000 |
| $2k-3k | 6 | $4,720,000 | $786,667 |
| $5k+ | 3 | $1,175,000 | $391,667 |
$2,771 of loans were The State Bank's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 924 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 555 | $180,705,000 | $325,595 |
| 2.5-3% | 390 | $113,530,000 | $291,103 |
| <2.5% | 147 | $31,465,000 | $214,048 |
| 4-5% | 132 | $56,610,000 | $428,864 |
| 5-6% | 1 | $65,000 | $65,000 |
During 2021, The State Bank's average interest rate of loans were 3.35%, while their most frequently originated rate bucket of loans were 3-4%, with 555 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 455 | $130,285,000 | $286,341 | $2,944 | 3.21% |
| $100k-200k | 345 | $51,905,000 | $150,449 | $2,355 | 3.17% |
| $400k-600k | 243 | $120,015,000 | $493,889 | $3,679 | 3.19% |
| $100,000 or less | 127 | $8,425,000 | $66,339 | $1,730 | 3.21% |
| $600k-1MM | 38 | $28,970,000 | $762,368 | $4,161 | 3.73% |
| $1MM+ | 20 | $43,810,000 | $2,190,500 | $7,258 | 3.88% |
2021 saw The State Bank place emphasis on $200k-400k loans with 455 originations, totaling $130,285,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 266 | $74,140,000 | $278,722 | $2,962 | 3.17% |
| $150k-250k | 255 | $93,895,000 | $368,216 | $3,040 | 3.19% |
| $50k-75k | 202 | $38,040,000 | $188,317 | $2,620 | 3.18% |
| $75k-100k | 194 | $44,480,000 | $229,278 | $2,889 | 3.27% |
| $250k+ | 174 | $87,550,000 | $503,161 | $3,248 | 3.25% |
| $50k or less | 98 | $12,460,000 | $127,143 | $2,451 | 3.21% |
The State Bank lent most frequently to those with incomes in the $100k-150k range, with 266 originations. The second most popular income band? $150k-250k, with 255 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 285 | $79,335,000 | $278,368 | $2,757 | 3.08% |
| 30-36% | 231 | $61,525,000 | $266,342 | $2,818 | 3.18% |
| <20% | 112 | $28,670,000 | $255,982 | $2,595 | 2.98% |
| 42% | 59 | $17,655,000 | $299,237 | $3,220 | 3.29% |
| 43% | 47 | $13,905,000 | $295,851 | $3,038 | 3.29% |
| 37% | 46 | $16,640,000 | $361,739 | $2,953 | 3.22% |
| 39% | 45 | $13,995,000 | $311,000 | $3,170 | 3.39% |
| 40% | 43 | $12,585,000 | $292,674 | $3,051 | 3.34% |
| 36% | 42 | $12,460,000 | $296,667 | $2,817 | 3.30% |
| 44% | 38 | $12,860,000 | $338,421 | $2,863 | 3.31% |
| 41% | 38 | $11,290,000 | $297,105 | $2,916 | 3.36% |
| 48% | 37 | $12,485,000 | $337,432 | $3,301 | 3.65% |
| 49% | 35 | $13,905,000 | $397,286 | $3,576 | 3.32% |
| 38% | 32 | $9,460,000 | $295,625 | $2,944 | 3.16% |
| 45% | 31 | $12,655,000 | $408,226 | $3,390 | 3.39% |
| 46% | 28 | $8,240,000 | $294,286 | $2,766 | 3.12% |
| 50-60% | 27 | $8,945,000 | $331,296 | $2,921 | 3.23% |
| 47% | 25 | $6,255,000 | $250,200 | $2,969 | 3.29% |
The State Bank lent most frequently to those with DTI ratios of 20-30%, with 285 originations. The next most common DTI ratio? 30-36%, with 231 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 1,001 | $296,965,000 | $296,668 | $2,912 | 3.20% |
| Not provided | 160 | $42,080,000 | $263,000 | $2,750 | 3.26% |
| Not applicable | 27 | $30,545,000 | $1,131,296 | $0 | 4.01% |
| Black | 18 | $6,870,000 | $381,667 | $3,633 | 3.23% |
| Asian | 10 | $3,360,000 | $336,000 | $2,849 | 2.99% |
| American Indian | 8 | $2,180,000 | $272,500 | $2,720 | 3.13% |
| Native Hawaiian | 1 | $805,000 | $805,000 | $4,998 | 3.25% |
| Filipino | 3 | $605,000 | $201,667 | $2,443 | 2.71% |
Approval Rates
Total approvals of all applications96.11%
The State Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination88.92%
The State Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,228 | $383,410,000 | $312,223 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 1,228 | $383,410,000 | $312,223 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 140 | $34,840,000 | $248,857 | $2,318 | 2.97% |
| 40-60% | 243 | $69,715,000 | $286,893 | $2,827 | 3.13% |
| 60-80% | 483 | $170,325,000 | $352,640 | $3,010 | 3.28% |
| 80-100% | 313 | $104,015,000 | $332,316 | $3,354 | 3.28% |
| Over 100% | 1 | $375,000 | $375,000 | $3,995 | 4.20% |
| Under 20% | 48 | $4,140,000 | $86,250 | $1,008 | 3.39% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| The State Bank | 107 North Main Street Linden, MI 48451 | Full Service B&M | $77,245 |
| The State Bank | 4043 Grange Hall Road Village Of Holly, MI 48442 | Full Service B&M | $70,806 |
| The State Bank | 7590 Gratiot Road Saginaw, MI 48603 | Full Service B&M | $55,292 |
| The State Bank | 7606 South Saginaw Street Grand Blanc, MI 48439 | Full Service B&M | $14,147 |
| The State Bank | 8412 Main Street Birch Run, MI 48415 | Full Service B&M | $12,338 |
| The State Bank | 9380 Genesee Street P.O. Box 88 New Lothrop, MI 48460 | Full Service B&M | $20,517 |
| The State Bank | 10811 Albee Road Albee Township, MI 48417 | Full Service B&M | $10,288 |
| The State Bank | 12771 West Brady Road Chesaning, MI 48616 | Full Service B&M | $73,298 |
| The State Bank | 134 N First Street Brighton, MI 48116 | Full Service B&M | $46,435 |
| The State Bank | 1401 Hill Road Grand Blanc, MI 48439 | Full Service B&M | $108,126 |
| The State Bank | 15095 Silver Parkway Fenton, MI 48430 | Full Service B&M | $44,090 |
| The State Bank | 175 N. Leroy St. Fenton, MI 48430 | Full Service B&M | $471,876 |
| The State Bank | 18005 Silver Parkway Fenton, MI 48430 | Full Service Retail | $13,661 |
| The State Bank | 201 West State Street Montrose, MI 48457 | Full Service B&M | $42,807 |
| The State Bank | 207 South Saginaw Street Saint Charles, MI 48655 | Full Service B&M | $50,157 |
| The State Bank | 218 S Washington Ave Saginaw, MI 48607 | Full Service B&M | $814 |
| The State Bank | 31000 Northwestern Hwy, Suite 150 Farmington Hills, MI 48334 | Full Service B&M | $14,947 |
For 2021, The State Bank had 17 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $46,926 |
| Net interest income | $44,631 |
| Total noninterest income | $14,208 |
| Gross Fiduciary activities income | $1,044 |
| Service charges on deposit accounts | $834 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $12,330 |
| Pre-tax net operating income | $22,093 |
| Securities gains (or losses, -) | $-29 |
| Income before extraordinary items | $17,632 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $17,632 |
| Minority interest net income | $0 |
| Net income | $17,632 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $17,655 |
The State Bank's gross interest income from loans was $46,926,000.
The State Bank's net interest income from loans was $44,631,000.
The State Bank's fee based income from loans was $834,000.
The State Bank's net income from loans was $17,632,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $2,295 |
| Provision for credit losses | $-180 |
| Total noninterest expense | $36,926 |
| Salaries and employee benefits | $19,856 |
| Premises and equipment expense | $4,621 |
| Additional noninterest expense | $12,449 |
| Applicable income taxes | $4,432 |
| Net charge-offs | $220 |
| Cash dividends | $20,000 |
The State Bank's interest expense for loans was $2,295,000.
The State Bank's payroll and benefits expense were $19,856,000.
The State Bank's property, plant and equipment expenses $4,621,000.
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 | $1,228,475 |
| Deposits held in domestic offices | $1,228,475 |
| Deposits by Individuals, partnerships, and corporations | $989,095 |
| Deposits by U.S. Government | $1 |
| Deposits by States and political subdivisions in the U.S. | $235,897 |
| Deposits by Commercial banks and other depository institutions in U.S. | $3,482 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $203,169 |
| Demand deposits | $178,410 |
| Nontransaction accounts | $1,025,306 |
| Money market deposit accounts (MMDAs) | $76,152 |
| Other savings deposits (excluding MMDAs) | $807,293 |
| Total time deposits | $141,863 |
| Total time and savings deposits | $1,050,065 |
| Noninterest-bearing deposits | $463,406 |
| Interest-bearing deposits | $765,069 |
| Retail deposits | $1,162,381 |
| IRAs and Keogh plan accounts | $15,785 |
| Brokered deposits | $20,000 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $1,419,081 |
| Cash & Balances due from depository institutions | $93,574 |
| Interest-bearing balances | $65,317 |
| Total securities | $154,335 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $1,096,376 |
| Loan and leases loss allowance | $10,500 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $17,696 |
| Other real estate owned | $383 |
| Goodwill and other intangibles | $17,954 |
| All other assets | $38,763 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $1,419,081 |
| Total Liabilities | $1,283,092 |
| Total deposits | $1,228,475 |
| Interest-bearing deposits | $765,069 |
| Deposits held in domestic offices | $1,228,475 |
| % insured (estimated) | $64 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $35,000 |
| Subordinated debt | $0 |
| All other liabilities | $19,617 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $1,096,376 |
| Loan and leases loss allowance | $10,500 |
| Total loans and leases (domestic) | $1,106,876 |
| All real estate loans | $1,004,620 |
| Real estate loans in domestic offices | $1,004,620 |
| Construction and development loans | $83,092 |
| Residential 1-4 family construction | $40,166 |
| Other construction, all land development and other land | $42,926 |
| Loans secured by nonfarm nonresidential properties | $531,750 |
| Nonfarm nonresidential secured by owner-occupied properties | $159,392 |
| Commercial real estate & other non-farm, non-residential | $372,358 |
| Multifamily residential real estate | $42,744 |
| 1-4 family residential loans | $337,540 |
| Farmland loans | $9,494 |
| Loans held in foreign offices | $0 |
| Farm loans | $970 |
| Commercial and industrial loans | $89,997 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $7,776 |
| Credit card loans | $0 |
| Related Plans | $62 |
| Consumer Auto Loans | $2,865 |
| Other loans to individuals | $4,849 |
| All other loans & leases | $3,513 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $778 |
| 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 | $0 |
| Non 1-4 family restructured loans & leases | $0 |
| Total loans and leases (foreign) | $0 |
The State Bank had $1,096,376,000 of loans outstanding in 2021. $1,004,620,000 of loans were in real estate loans. $83,092,000 of loans were in development loans. $42,744,000 of loans were in multifamily mortgage loans. $337,540,000 of loans were in 1-4 family mortgage loans. $970,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,865,000 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 | 438 | $144,683 | $330,326 |
| Nonfarm, nonresidential loans - <$100k | 51 | $2,370 | $46,471 |
| Nonfarm, nonresidential loans - $100-250k | 112 | $14,259 | $127,313 |
| Nonfarm, nonresidential loans - $250k-1MM | 275 | $128,054 | $465,651 |
| Commercial & Industrial, US addressed loans - <$1MM | 330 | $38,762 | $117,461 |
| Commercial & Industrial, US addressed loans - <$100k | 180 | $3,856 | $21,422 |
| Commercial & Industrial, US addressed loans - $100-250k | 69 | $5,928 | $85,913 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 81 | $28,978 | $357,753 |
| Farmland loans - <$1MM | 53 | $6,202 | $117,019 |
| Farmland loans - <$100k | 19 | $767 | $40,368 |
| Farmland loans - $100-250k | 24 | $2,853 | $118,875 |
| Farmland loans - $250k-1MM | 10 | $2,582 | $258,200 |
| Agriculture operations loans - <$1MM | 25 | $970 | $38,800 |
| Agriculture operations loans - <$100k | 20 | $442 | $22,100 |
| Agriculture operations loans - $100-250k | 5 | $528 | $105,600 |
