Arbor Bank Mortgage Rates, Fees & Info

Nebraska City, NE

LEI: 54930099BVD0E448JX38

Tax ID: 47-0739886

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Mortgage Data

Bank Data

Review & 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 by origination volume include: Omaha, Lincoln, Phoenix, Cedar Rapids, and Dallas among others. We have data for 49 markets. (Some data included below & more in-depth data is available with an active subscription.)

Arbor Bank 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. Arbor Bank is typically a low 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.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.97% 4/28/24
30 Year Conventional Purchase 6.66% 4/28/24
30 Year Conventional Refi 6.64% 4/28/24
30 Year Cash-out Refi 6.83% 4/28/24
30 Year FHA Purchase 6.27% 4/28/24
30 Year VA Purchase 6.20% 4/28/24
30 Year VA Refi 5.79% 4/28/24
15 Year Conventional Purchase 6.01% 4/28/24
15 Year Conventional Refi 6.10% 4/28/24
15 Year Cash-out Refi 6.10% 4/28/24
15 Year VA Refi 5.78% 4/28/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Arbor Bank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Arbor Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

891

Origination Dollar Volume (All Markets)

$221,485,000

Employee count

127 Show all (6) 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
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.

Their top states include:
  • Nebraska (FHA|USDA|VA)
  • Iowa (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Similar Lenders

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

    U.S. HOME MORTGAGE, INC.
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    Product Mix

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

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

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Arbor Bank's most frequently cited loan purpose was Home Purchase, with 341 originations. The 2nd most popular reason was 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 2021, Arbor Bank's most frequently cited loan duration was 30 Year, with 611 originations. The 2nd most popular length was 15 Year, with 145 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost 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 2 $530,000 $265,000
    $4k-5k 2 $750,000 $375,000
    $5k+ 2 $1,760,000 $880,000

    Arbor Bank's average total fees were $2,684, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 2.98%, while their most frequently originated rate bucket for loans was 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
    98.94%

    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
    87.32%

    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