Arbor Bank Mortgage Rates, Fees & Info

Nebraska City, NE

LEI: 54930099BVD0E448JX38

Tax ID: 47-0739886

5 stars - out of 5 stars, based on 30 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Arbor Bank is a smaller bank specializing in Home Purchase, Refi, and Cash Out Refi loans. Arbor Bank has a high proportion of conventional loans. Their top markets include Omaha, Lincoln, Phoenix, Cedar Rapids, and Dallas among others. Arbor 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. Arbor Bank is typically a low fee lendor.


Originations

891

Origination Dollar Volume (All Markets)

$221,485,000

Employee count

127 Show all (6) awards

Relative Rate

Arbor Bank's average 30 year fixed rate mortgage of loans were 2.98%.

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

This yields a difference of -0.17%.

Relative Fees

Arbor Bank's average total fees for a 30 year fixed rate mortgage are $2,684.

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
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 715 $179,025,000 $250,385 $2,499 2.95%
Outside of Metro Areas 74 $13,160,000 $177,838 $2,626 3.18%
LINCOLN, NE (FHA|USDA|VA) 17 $3,705,000 $217,941 $1,961 2.98%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 6 $2,580,000 $430,000 $3,267 3.28%
CEDAR RAPIDS, IA (FHA|USDA|VA) 7 $1,955,000 $279,286 $2,174 2.57%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 4 $1,240,000 $310,000 $3,953 2.57%
Columbus, NE (FHA|USDA|VA) 3 $1,235,000 $411,667 $2,508 2.46%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 3 $1,145,000 $381,667 $1,707 2.37%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 4 $1,040,000 $260,000 $3,326 2.69%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $7,462 2.75%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 3 $985,000 $328,333 $5,908 2.77%
FORT COLLINS, CO (FHA|USDA|VA) 2 $750,000 $375,000 $1,863 3.19%
KANSAS CITY, MO-KS (FHA|USDA|VA) 4 $730,000 $182,500 $3,098 2.88%
Norfolk, NE (FHA|USDA|VA) 4 $720,000 $180,000 $2,090 2.53%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $625,000 $625,000 $5,800 3.25%
SIOUX FALLS, SD (FHA|USDA|VA) 1 $605,000 $605,000 $2,274 3.25%
Kearney, NE (FHA|USDA|VA) 3 $585,000 $195,000 $1,619 2.78%
BOULDER, CO (FHA|USDA|VA) 1 $565,000 $565,000 $2,098 2.99%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 3 $535,000 $178,333 $2,538 3.13%
IOWA CITY, IA (FHA|USDA|VA) 2 $500,000 $250,000 $2,212 3.31%
Hastings, NE (FHA|USDA|VA) 1 $495,000 $495,000 $2,827 2.50%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 2 $490,000 $245,000 $0 3.09%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $475,000 $475,000 $2,576 2.25%
Taos, NM (FHA|USDA|VA) 2 $460,000 $230,000 $3,213 2.38%
BEND, OR (FHA|USDA|VA) 1 $455,000 $455,000 $2,796 2.75%
Spirit Lake, IA (FHA|USDA|VA) 1 $435,000 $435,000 $2,731 2.50%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $425,000 $425,000 $5,353 3.12%
TUCSON, AZ (FHA|USDA|VA) 1 $415,000 $415,000 $4,703 2.88%
BOISE CITY, ID (FHA|USDA|VA) 1 $385,000 $385,000 $2,949 3.13%
ST. JOSEPH, MO-KS (FHA|USDA|VA) 1 $375,000 $375,000 $2,228 2.38%
Beatrice, NE (FHA|USDA|VA) 1 $375,000 $375,000 $1,139 2.38%
GRAND ISLAND, NE (FHA|USDA|VA) 2 $370,000 $185,000 $1,992 2.63%
Hutchinson, KS (FHA|USDA|VA) 1 $345,000 $345,000 $3,236 2.88%
ALBUQUERQUE, NM (FHA|USDA|VA) 2 $340,000 $170,000 $2,265 2.91%
Jackson, WY-ID (FHA|USDA|VA) 1 $285,000 $285,000 $3,630 3.29%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 1 $275,000 $275,000 $2,703 2.38%
MADISON, WI (FHA|USDA|VA) 1 $275,000 $275,000 $2,391 3.00%
OCALA, FL (FHA|USDA|VA) 1 $275,000 $275,000 $2,998 2.75%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $275,000 $275,000 $2,877 2.50%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $225,000 $225,000 $0 2.63%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $205,000 $205,000 $0 4.00%
RAPID CITY, SD (FHA|USDA|VA) 1 $205,000 $205,000 $2,492 3.25%
Jasper, IN (FHA|USDA|VA) 1 $195,000 $195,000 $8,332 2.37%
Brainerd, MN (FHA|USDA|VA) 1 $175,000 $175,000 $2,275 2.13%
Fremont, NE (FHA|USDA|VA) 1 $135,000 $135,000 $2,242 3.25%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $125,000 $125,000 $3,256 2.69%
SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 1 $125,000 $125,000 $2,715 2.92%
Branson, MO (FHA|USDA|VA) 1 $105,000 $105,000 $2,179 2.13%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $75,000 $75,000 $1,486 2.14%

Arbor Bank's top markets include Omaha, Lincoln, Phoenix, Cedar Rapids, and Dallas among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 800 $193,930,000 $242,413 $2,345 3.01%
VA 91 $27,555,000 $302,802 $4,104 2.40%

For the 2021 period, Arbor Bank's most frequently originated loan type of loans were Conventional, with 800 originations. Their 2nd most popular type is VA, with 91 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 341 $91,975,000 $269,721 $3,160 2.99%
Refi 333 $78,925,000 $237,012 $2,011 2.75%
Cash Out Refi 199 $47,985,000 $241,131 $2,474 3.12%
Other 12 $1,700,000 $141,667 $1,666 4.55%
Home Improvement 6 $900,000 $150,000 $2,419 2.96%

For the 2021, Arbor Bank's most frequently cited loan purpose of loans were Home Purchase, with 341 originations. The 2nd most popular reason of loans were Refi, with 333 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 611 $159,865,000 $261,645 $2,684 2.98%
15 Year 145 $31,575,000 $217,759 $2,281 2.40%
Other 64 $17,250,000 $269,531 $2,293 3.37%
20 Year 28 $5,960,000 $212,857 $2,141 2.86%
5 Year 22 $3,520,000 $160,000 $1,885 4.39%
10 Year 18 $3,010,000 $167,222 $1,788 2.94%
3 Year 3 $305,000 $101,667 $181 4.66%

For the 2021, Arbor Bank's most frequently cited loan length of loans were 30 Year, with 611 originations. The 2nd most popular length of loans were 15 Year, with 145 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 747 $191,675,000 $256,593
$1k-2k 31 $8,515,000 $274,677
$2k-3k 5 $1,785,000 $357,000
$3k-4k 4 $1,280,000 $320,000
$5k+ 2 $1,760,000 $880,000

$2,684 of loans were Arbor Bank's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 747 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 367 $97,095,000 $264,564
3-4% 259 $64,925,000 $250,676
<2.5% 224 $55,550,000 $247,991
4-5% 36 $3,510,000 $97,500
6-7% 3 $95,000 $31,667
5-6% 1 $285,000 $285,000
7-8% 1 $25,000 $25,000

During 2021, Arbor Bank's average interest rate of loans were 2.98%, while their most frequently originated rate bucket of loans were 2.5-3%, with 367 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 379 $106,925,000 $282,124 $2,536 2.85%
$100k-200k 324 $49,560,000 $152,963 $2,175 2.97%
$400k-600k 98 $46,980,000 $479,388 $3,254 2.82%
$100,000 or less 74 $5,130,000 $69,324 $1,621 3.51%
$600k-1MM 13 $9,225,000 $709,615 $8,900 3.33%
$1MM+ 3 $3,665,000 $1,221,667 $7,625 3.08%

2021 saw Arbor Bank place emphasis on $200k-400k loans with 379 originations, totaling $106,925,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 201 $50,555,000 $251,517 $2,674 3.00%
$150k-250k 161 $52,005,000 $323,012 $2,749 2.93%
$50k-75k 154 $27,040,000 $175,584 $2,364 2.89%
$75k-100k 154 $32,750,000 $212,662 $2,277 2.97%
$50k or less 75 $9,415,000 $125,533 $2,155 2.96%
$250k+ 68 $30,180,000 $443,824 $3,738 2.95%

Arbor Bank lent most frequently to those with incomes in the $100k-150k range, with 201 originations. The second most popular income band? $150k-250k, with 161 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 230 $56,610,000 $246,130 $2,675 2.97%
30-36% 145 $34,925,000 $240,862 $2,280 3.03%
<20% 88 $22,150,000 $251,705 $2,239 2.82%
43% 37 $9,545,000 $257,973 $2,641 2.99%
39% 36 $9,390,000 $260,833 $2,534 2.96%
42% 32 $7,380,000 $230,625 $2,399 2.74%
38% 32 $7,400,000 $231,250 $2,212 3.11%
41% 32 $7,730,000 $241,563 $2,870 2.89%
49% 28 $6,360,000 $227,143 $2,487 2.95%
36% 27 $7,015,000 $259,815 $2,643 2.90%
44% 26 $6,600,000 $253,846 $2,541 2.91%
37% 24 $6,040,000 $251,667 $3,134 2.92%
40% 21 $5,435,000 $258,810 $2,378 3.00%
46% 16 $4,520,000 $282,500 $2,866 2.95%
48% 16 $3,630,000 $226,875 $2,733 2.84%
47% 15 $3,925,000 $261,667 $2,623 2.91%
45% 14 $3,680,000 $262,857 $2,358 2.92%
50-60% 6 $2,480,000 $413,333 $10,103 2.46%

Arbor Bank lent most frequently to those with DTI ratios of 20-30%, with 230 originations. The next most common DTI ratio? 30-36%, with 145 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 786 $197,840,000 $251,705 $2,561 2.92%
Not provided 50 $10,130,000 $202,600 $2,216 3.02%
Asian 21 $5,135,000 $244,524 $2,510 2.84%
Not applicable 18 $4,180,000 $232,222 $0 4.19%
Black 9 $2,205,000 $245,000 $3,001 2.64%
American Indian 4 $1,080,000 $270,000 $2,456 3.25%
Asian Indian 3 $915,000 $305,000 $2,523 3.12%

Approval Rates

Total approvals of all applications
97.72%

Arbor 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 origination
85.75%

Arbor Bank has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
50.0 1 $65,000 $65,000
NA 890 $221,420,000 $248,787

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
891 $221,485,000 $248,580

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 33 $4,105,000 $124,394 $1,914 2.73%
40-60% 127 $26,975,000 $212,402 $2,218 2.78%
60-80% 397 $99,955,000 $251,776 $2,318 2.99%
80-100% 311 $85,145,000 $273,778 $2,619 2.90%
Over 100% 10 $4,490,000 $449,000 $15,838 2.70%
Under 20% 13 $815,000 $62,692 $902 5.31%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Arbor Bank 16949 Lakeside Hills Plaza Omaha, NE 68130 Full Service B&M $173,382
Arbor Bank 18924 Evans St Elkhorn, NE 68022 Full Service B&M $20,605
Arbor Bank 301 Oakland Avenue Oakland, IA 51560 Full Service B&M $105,430
Arbor Bank 716 Illinois Street Sidney, IA 51652 Full Service B&M $43,646
Arbor Bank 911 Central Avenue Nebraska City, NE 68410 Full Service B&M $100,052

For 2021, Arbor Bank had 5 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $19,517
Net interest income $18,191
Total noninterest income $8,084
Gross Fiduciary activities income $0
Service charges on deposit accounts $491
Trading account gains and fees $0
Additional Noninterest Income $7,593
Pre-tax net operating income $6,475
Securities gains (or losses, -) $0
Income before extraordinary items $6,173
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $6,173
Minority interest net income $0
Net income $6,173
Sale, conversion, retirement of capital stock, net $0
Net operating income $6,173

Arbor Bank's gross interest income from loans was $19,517,000.
Arbor Bank's net interest income from loans was $18,191,000.
Arbor Bank's fee based income from loans was $491,000.
Arbor Bank's net income from loans was $6,173,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $1,326
Provision for credit losses $588
Total noninterest expense $19,212
Salaries and employee benefits $13,465
Premises and equipment expense $1,427
Additional noninterest expense $4,320
Applicable income taxes $302
Net charge-offs $42
Cash dividends $0

Arbor Bank's interest expense for loans was $1,326,000.
Arbor Bank's payroll and benefits expense were $13,465,000.
Arbor Bank's property, plant and equipment expenses $1,427,000.

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 $458,571
Deposits held in domestic offices $458,571
Deposits by Individuals, partnerships, and corporations $399,522
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $57,310
Deposits by Commercial banks and other depository institutions in U.S. $1,739
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $243,612
Demand deposits $190,106
Nontransaction accounts $214,959
Money market deposit accounts (MMDAs) $142,390
Other savings deposits (excluding MMDAs) $28,980
Total time deposits $43,589
Total time and savings deposits $268,465
Noninterest-bearing deposits $115,464
Interest-bearing deposits $343,107
Retail deposits $451,470
IRAs and Keogh plan accounts $6,797
Brokered deposits $846
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $530,797
Cash & Balances due from depository institutions $96,972
Interest-bearing balances $70,148
Total securities $36,529
Federal funds sold & reverse repurchase $0
Net loans and leases $377,382
Loan and leases loss allowance $4,389
Trading account assets $0
Bank premises and fixed assets $11,161
Other real estate owned $0
Goodwill and other intangibles $2,056
All other assets $6,697

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $530,797
Total Liabilities $487,841
Total deposits $458,571
Interest-bearing deposits $343,107
Deposits held in domestic offices $458,571
% insured (estimated) $78
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $27,909
Subordinated debt $0
All other liabilities $1,361

Issued Loan Types

Type Value (in 000's)
Net loans and leases $377,382
Loan and leases loss allowance $4,389
Total loans and leases (domestic) $381,771
All real estate loans $244,047
Real estate loans in domestic offices $244,047
Construction and development loans $15,747
Residential 1-4 family construction $6,189
Other construction, all land development and other land $9,558
Loans secured by nonfarm nonresidential properties $82,454
Nonfarm nonresidential secured by owner-occupied properties $25,761
Commercial real estate & other non-farm, non-residential $56,693
Multifamily residential real estate $7,393
1-4 family residential loans $59,800
Farmland loans $78,653
Loans held in foreign offices $0
Farm loans $52,293
Commercial and industrial loans $78,034
To non-U.S. addressees $0
Loans to individuals $5,937
Credit card loans $0
Related Plans $1,163
Consumer Auto Loans $3,397
Other loans to individuals $1,377
All other loans & leases $1,460
Loans to foreign governments and official institutions $0
Other loans $169
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 $1,172
Non 1-4 family restructured loans & leases $334
Total loans and leases (foreign) $0

Arbor Bank had $377,382,000 of loans outstanding in 2021. $244,047,000 of loans were in real estate loans. $15,747,000 of loans were in development loans. $7,393,000 of loans were in multifamily mortgage loans. $59,800,000 of loans were in 1-4 family mortgage loans. $52,293,000 of loans were in farm loans. $0 of loans were in credit card loans. $3,397,000 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 78 $23,214 $297,615
Nonfarm, nonresidential loans - <$100k 22 $856 $38,909
Nonfarm, nonresidential loans - $100-250k 15 $1,658 $110,533
Nonfarm, nonresidential loans - $250k-1MM 41 $20,700 $504,878
Commercial & Industrial, US addressed loans - <$1MM 254 $32,023 $126,075
Commercial & Industrial, US addressed loans - <$100k 113 $2,966 $26,248
Commercial & Industrial, US addressed loans - $100-250k 63 $6,019 $95,540
Commercial & Industrial, US addressed loans - $250k-1MM 78 $23,038 $295,359
Farmland loans - <$1MM 110 $20,942 $190,382
Farmland loans - <$100k 24 $1,229 $51,208
Farmland loans - $100-250k 36 $5,028 $139,667
Farmland loans - $250k-1MM 50 $14,685 $293,700
Agriculture operations loans - <$1MM 160 $15,432 $96,450
Agriculture operations loans - <$100k 70 $1,707 $24,386
Agriculture operations loans - $100-250k 56 $5,568 $99,429
Agriculture operations loans - $250k-1MM 34 $8,157 $239,912