Bank Independent Mortgage Rates, Fees & Info

Sheffield, AL

LEI: 549300A7W1NQ3BYZCB68

Tax ID: 63-0260951

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    Bank Independent is a smaller bank specializing in Refi and Home Purchase loans. Bank Independent has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Florence, Huntsville, Decatur, Nashville, and Tupelo among others. We have data for 24 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Bank Independent 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. Bank Independent 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) 2.45% 12/16/24
    30 Year Conventional Purchase 6.57% 12/16/24
    30 Year Conventional Refi 6.86% 12/16/24
    30 Year Cash-out Refi 6.49% 12/16/24
    30 Year FHA Purchase 7.01% 12/16/24
    30 Year FHA Refi 6.27% 12/16/24
    30 Year VA Purchase 5.91% 12/16/24
    30 Year USDA Purchase 6.44% 12/16/24
    15 Year Conventional Purchase 6.01% 12/16/24
    15 Year Conventional Refi 7.64% 12/16/24
    15 Year Cash-out Refi 7.64% 12/16/24
    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.

    Bank Independent Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Bank Independent. 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

    1,074

    Origination Dollar Volume (All Markets)

    $151,860,000

    Employee count

    556 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
    FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 554 $71,060,000 $128,267 $2,352 5.40%
    HUNTSVILLE, AL (FHA|USDA|VA) 286 $49,440,000 $172,867 $3,777 4.95%
    DECATUR, AL (FHA|USDA|VA) 149 $19,565,000 $131,309 $2,177 5.44%
    Outside of Metro Areas 41 $4,775,000 $116,463 $2,137 5.35%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 5 $1,075,000 $215,000 $4,650 4.80%
    Tupelo, MS (FHA|USDA|VA) 7 $865,000 $123,571 $604 5.04%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 5 $855,000 $171,000 $3,583 5.49%
    AUBURN-OPELIKA, AL (FHA|USDA|VA) 5 $795,000 $159,000 $4,287 4.74%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 3 $755,000 $251,667 $6,125 5.08%
    Hudson, NY (FHA|USDA|VA) 1 $405,000 $405,000 $0 5.50%
    Jasper, AL (FHA|USDA|VA) 1 $285,000 $285,000 $3,914 4.99%
    DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 2 $230,000 $115,000 $0 6.30%
    PANAMA CITY, FL (FHA|USDA|VA) 3 $225,000 $75,000 $3,096 5.41%
    Lawrenceburg, TN (FHA|USDA|VA) 1 $215,000 $215,000 $1,247 5.49%
    Talladega-Sylacauga, AL (FHA|USDA|VA) 1 $205,000 $205,000 $0 6.95%
    Cullman, AL (FHA|USDA|VA) 1 $175,000 $175,000 $7,816 4.13%
    Starkville, MS (FHA|USDA|VA) 2 $170,000 $85,000 $0 6.04%
    Boone, NC (FHA|USDA|VA) 1 $165,000 $165,000 $4,414 4.88%
    SALISBURY, MD-DE (FHA|USDA|VA) 1 $165,000 $165,000 $0 5.50%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $125,000 $125,000 $0 5.00%
    FORT COLLINS, CO (FHA|USDA|VA) 1 $125,000 $125,000 $0 5.00%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $85,000 $85,000 $3,285 5.63%
    Albertville, AL (FHA|USDA|VA) 1 $55,000 $55,000 $1,323 7.49%
    JACKSON, MS (FHA|USDA|VA) 1 $45,000 $45,000 $0 4.89%
    Bank Independent's top markets include Florence, Huntsville, Decatur, Nashville, and Tupelo among others.

    Their top states include:
  • Alabama (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Mississippi (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • New York (FHA|USDA|VA)

    • Similar Lenders

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

    TVA Community Credit Union
    Similarity Rank: 30
    Alabama Central Credit Union
    Similarity Rank: 112
    Listerhill Credit Union
    Similarity Rank: 416
    Cadence Bank, N.A.
    Similarity Rank: 416
    EvaBank
    Similarity Rank: 468
    FIRST COMMUNITY MORTGAGE, INC.
    Similarity Rank: 1128
    HOMETRUST MORTGAGE COMPANY
    Similarity Rank: 1886
    Bank Independent
    Similarity Rank: 2448
    Total Media Management, LLC
    Similarity Rank: 3125
    ServisFirst Bank
    Similarity Rank: 3150

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 700 $112,290,000 $160,414 $2,399 5.44%
    HELOC 302 $26,760,000 $88,609 n/a 5.18%
    FHA 32 $5,010,000 $156,563 $6,403 4.16%
    VA 21 $5,405,000 $257,381 $4,809 4.04%
    USDA 19 $2,395,000 $126,053 $4,243 4.09%

    For 2018, Bank Independent's most frequently originated type of loan was Conventional, with 700 originations. Their 2nd most popular type was HELOC, with 302 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 431 $60,375,000 $140,081 $1,439 5.65%
    Home Purchase 401 $73,265,000 $182,706 $3,609 4.93%
    Other 173 $13,205,000 $76,329 $935 5.12%
    Cash Out Refi 40 $3,850,000 $96,250 $3,058 5.03%
    Home Improvement 29 $1,165,000 $40,172 $1,229 5.86%

    For 2018, Bank Independent's most frequently cited loan purpose was Refi, with 431 originations. The 2nd most popular reason was Home Purchase, with 401 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 367 $69,675,000 $189,850 $3,455 4.73%
    10 Year 314 $26,930,000 $85,764 $1,640 5.22%
    5 Year 201 $26,855,000 $133,607 $775 6.03%
    15 Year 80 $11,180,000 $139,750 $2,339 5.35%
    Other 47 $10,815,000 $230,106 $732 5.80%
    20 Year 27 $2,785,000 $103,148 $941 5.65%
    3 Year 24 $2,470,000 $102,917 $373 6.05%
    1 Year 14 $1,150,000 $82,143 $1,896 6.05%

    For 2018, Bank Independent's most frequently cited loan duration was 30 Year, with 367 originations. The 2nd most popular length was 10 Year, with 314 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 271 $40,505,000 $149,465
    $1k-2k 115 $12,615,000 $109,696
    $2k-3k 115 $17,115,000 $148,826
    $3k-4k 48 $12,260,000 $255,417
    $4k-5k 13 $4,205,000 $323,462
    $5k+ 6 $3,530,000 $588,333

    Bank Independent's average total fees were $3,455, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 271 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 448 $77,400,000 $172,768
    5-6% 386 $46,980,000 $121,710
    6-7% 109 $11,415,000 $104,725
    3-4% 78 $13,790,000 $176,795
    7-8% 51 $2,255,000 $44,216
    Over 8% 2 $20,000 $10,000

    During 2018, Bank Independent's average interest rate for loans was 4.73%, while their most frequently originated rate bucket for loans was 4-5%, with 448 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 546 $26,940,000 $49,341 $1,601 5.60%
    $100k-200k 309 $43,155,000 $139,660 $3,241 4.99%
    $200k-400k 180 $48,670,000 $270,389 $3,709 4.86%
    $400k-600k 20 $8,890,000 $444,500 $3,065 4.96%
    $600k-1MM 10 $7,620,000 $762,000 $2,694 5.00%
    $1MM+ 9 $16,585,000 $1,842,778 $5,762 5.26%

    2018 saw Bank Independent place emphasis on $100,000 or less loans with 546 originations, totaling $26,940,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 267 $19,995,000 $74,888 $2,458 5.44%
    $50k-75k 222 $24,330,000 $109,595 $2,679 5.24%
    $100k-150k 158 $24,480,000 $154,937 $2,980 5.19%
    $75k-100k 146 $20,490,000 $140,342 $3,257 5.05%
    $150k-250k 83 $16,035,000 $193,193 $3,602 5.12%
    $250k+ 50 $12,530,000 $250,600 $3,125 5.27%

    Bank Independent lent most frequently to those with incomes in the $50k or less range, with 267 originations. The second most popular income band? $50k-75k, with 222 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 236 $31,250,000 $132,415 $2,899 5.02%
    <20% 178 $18,440,000 $103,596 $2,663 5.12%
    30-36% 125 $17,845,000 $142,760 $3,222 5.02%
    >60% 63 $7,275,000 $115,476 $1,392 5.92%
    50-60% 48 $6,910,000 $143,958 $2,387 5.45%
    42% 23 $3,525,000 $153,261 $3,848 5.17%
    36% 23 $4,665,000 $202,826 $3,193 4.75%
    39% 23 $3,075,000 $133,696 $3,087 5.38%
    40% 22 $3,400,000 $154,545 $3,270 5.17%
    44% 21 $1,755,000 $83,571 $2,689 5.43%
    43% 20 $2,100,000 $105,000 $2,313 4.93%
    37% 19 $2,835,000 $149,211 $1,908 5.50%
    38% 19 $3,135,000 $165,000 $3,003 5.04%
    41% 19 $2,895,000 $152,368 $2,746 5.17%
    46% 15 $2,215,000 $147,667 $2,450 5.26%
    45% 12 $1,670,000 $139,167 $4,159 4.96%
    48% 11 $1,255,000 $114,091 $2,656 5.08%
    47% 9 $1,095,000 $121,667 $1,931 5.38%
    49% 9 $1,335,000 $148,333 $2,938 5.22%

    Bank Independent lent most frequently to those with DTI ratios of 20-30%, with 236 originations. The next most common DTI ratio? <20%, with 178 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 933 $118,585,000 $127,101 $2,739 5.22%
    Not applicable 102 $28,090,000 $275,392 $3,868 5.74%
    Black 20 $2,450,000 $122,500 $3,624 5.82%
    Asian 11 $2,155,000 $195,909 $4,348 5.08%
    Not provided 5 $315,000 $63,000 $2,123 5.44%
    American Indian 2 $210,000 $105,000 $2,586 4.56%
    Chinese 1 $55,000 $55,000 $0 7.59%

    Approval Rates

    Total approvals of all applications
    89.45%

    Bank Independent has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.66%

    Bank Independent has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,074 $151,860,000 $141,397

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $185,000 $185,000
    Multifamily:Site-Built 34 $22,730,000 $668,529
    Single Family (1-4 Units):Manufactured 46 $2,160,000 $46,957
    Single Family (1-4 Units):Site-Built 993 $126,785,000 $127,679

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 147 $9,315,000 $63,367 $1,388 5.44%
    40-60% 144 $16,480,000 $114,444 $1,821 5.58%
    60-80% 291 $49,185,000 $169,021 $2,537 5.37%
    80-100% 360 $65,950,000 $183,194 $3,429 5.00%
    Over 100% 8 $4,230,000 $528,750 $2,019 4.63%
    Under 20% 122 $6,360,000 $52,131 $1,625 5.43%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    BANKUNITED, NATIONAL ASSOCIATION Conventional home mortgage Struggling to pay mortgage 1 14.3%
    BANKUNITED, NATIONAL ASSOCIATION Conventional home mortgage Trouble during payment process 4 57.1%
    BANKUNITED, NATIONAL ASSOCIATION Home equity loan or line of credit (HELOC) Trouble during payment process 1 14.3%
    BANKUNITED, NATIONAL ASSOCIATION Other type of mortgage Closing on a mortgage 1 14.3%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Bank Independent 101 South Clinton Street Athens, AL 35611 Full Service B&M $38,857
    Bank Independent 102 Bank Street Rogersville, AL 35652 Full Service B&M $49,353
    Bank Independent 102 Second Avenue Southeast Decatur, AL 35601 Full Service B&M $48,799
    Bank Independent 1081 Highway 72 Killen, AL 35645 Full Service B&M $71,674
    Bank Independent 1109 Avalon Avenue Muscle Shoals, AL 35661 Full Service B&M $94,376
    Bank Independent 11250 Highway 101 Lexington, AL 35648 Full Service B&M $23,275
    Bank Independent 117 4th Avenue Southeast Red Bay, AL 35582 Full Service B&M $15,068
    Bank Independent 119 North Main Street Tuscumbia, AL 35674 Full Service B&M $78,045
    Bank Independent 132 Holmes Ave Nw Huntsville, AL 35801 Full Service B&M $32,353
    Bank Independent 13566 Highway 43 Russellville, AL 35653 Full Service B&M $50,094
    Bank Independent 1425 Beltline Road Sw Decatur, AL 35603 Full Service B&M $28,034
    Bank Independent 15259 Court Street Moulton, AL 35650 Full Service B&M $105,463
    Bank Independent 1701 Darby Drive Florence, AL 35630 Full Service B&M $62,203
    Bank Independent 210 South Pine Street Florence, AL 35630 Full Service B&M $102,185
    Bank Independent 22015 Highway 72 East Athens, AL 35613 Full Service B&M $52,340
    Bank Independent 22899 Al Highway 24 Moulton, AL 35650 Full Service B&M $21,452
    Bank Independent 2606 Hwy 31 Decatur, AL 35603 Full Service B&M $52,391
    Bank Independent 2902 Florence Boulevard Florence, AL 35630 Full Service B&M $8,509
    Bank Independent 360 Alabama Street Courtland, AL 35618 Full Service B&M $9,666
    Bank Independent 401 North Jackson Avenue Russellville, AL 35653 Full Service B&M $15,144
    Bank Independent 710 South Montgomery Avenue Sheffield, AL 35660 Full Service B&M $200,979
    Bank Independent 729 East Second Street Sheffield, AL 35660 Limited, Drive-thru $0
    Bank Independent 8260 Hwy 72 West Cherokee, AL 35616 Full Service B&M $5,232
    Bank Independent 863 Cox Creek Parkway Florence, AL 35630 Full Service B&M $50,477
    Bank Independent 8720 Main Street Leighton, AL 35646 Full Service B&M $13,238
    Bank Independent 902 U.S. Highway 31, North Hartselle, AL 35640 Full Service B&M $38,126

    For 2018, Bank Independent had 26 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $88,529
    Net interest income $79,863
    Total noninterest income $16,887
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $8,240
    Trading account gains and fees $0
    Additional Noninterest Income $8,647
    Pre-tax net operating income $25,164
    Securities gains (or losses, -) $3
    Income before extraordinary items $20,618
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $20,618
    Minority interest net income $0
    Net income $20,618
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $20,615

    Bank Independent's gross interest income from loans was $88,529,000.
    Bank Independent's net interest income from loans was $79,863,000.
    Bank Independent's fee based income from loans was $8,240,000.
    Bank Independent's net income from loans was $20,618,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $8,666
    Provision for credit losses $6,000
    Total noninterest expense $65,586
    Salaries and employee benefits $41,965
    Premises and equipment expense $10,094
    Additional noninterest expense $13,527
    Applicable income taxes $4,549
    Net charge-offs $4,000
    Cash dividends $6,812

    Bank Independent's interest expense for loans was $8,666,000.
    Bank Independent's payroll and benefits expense were $41,965,000.
    Bank Independent's property, plant and equipment expenses $10,094,000.

    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 1.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 1.0%
    Personal loans 1.0%
    Credit card loans 1.6%
    Other individual loans 1.0%
    Auto loans 0.0%
    Other consumer loans 2.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $1,348,183
    Deposits held in domestic offices $1,348,183
    Deposits by Individuals, partnerships, and corporations $1,250,730
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $93,033
    Deposits by Commercial banks and other depository institutions in U.S. $4,420
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $112,009
    Demand deposits $88,396
    Nontransaction accounts $1,236,174
    Money market deposit accounts (MMDAs) $189,141
    Other savings deposits (excluding MMDAs) $605,355
    Total time deposits $441,678
    Total time and savings deposits $1,259,787
    Noninterest-bearing deposits $296,830
    Interest-bearing deposits $1,051,353
    Retail deposits $1,265,845
    IRAs and Keogh plan accounts $61,321
    Brokered deposits $24,048
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,597,704
    Cash & Balances due from depository institutions $180,397
    Interest-bearing balances $136,734
    Total securities $46,257
    Federal funds sold & reverse repurchase $0
    Net loans and leases $1,244,087
    Loan and leases loss allowance $14,105
    Trading account assets $0
    Bank premises and fixed assets $53,203
    Other real estate owned $1,654
    Goodwill and other intangibles $23,764
    All other assets $48,342

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,597,704
    Total Liabilities $1,442,344
    Total deposits $1,348,183
    Interest-bearing deposits $1,051,353
    Deposits held in domestic offices $1,348,183
    % insured (estimated) $69
    Federal funds purchased and repurchase agreements $10,554
    Trading liabilities $0
    Other borrowed funds $45,000
    Subordinated debt $0
    All other liabilities $38,607

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,244,087
    Loan and leases loss allowance $14,105
    Total loans and leases (domestic) $1,258,192
    All real estate loans $920,518
    Real estate loans in domestic offices $920,518
    Construction and development loans $157,076
    Residential 1-4 family construction $33,653
    Other construction, all land development and other land $123,423
    Loans secured by nonfarm nonresidential properties $354,934
    Nonfarm nonresidential secured by owner-occupied properties $199,856
    Commercial real estate & other non-farm, non-residential $155,078
    Multifamily residential real estate $71,787
    1-4 family residential loans $321,323
    Farmland loans $15,398
    Loans held in foreign offices $0
    Farm loans $816
    Commercial and industrial loans $308,165
    To non-U.S. addressees $0
    Loans to individuals $24,943
    Credit card loans $559
    Related Plans $125
    Consumer Auto Loans $5,826
    Other loans to individuals $18,433
    All other loans & leases $3,750
    Loans to foreign governments and official institutions $0
    Other loans $2,859
    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

    Bank Independent had $1,244,087,000 of loans outstanding in 2018. $920,518,000 of loans were in real estate loans. $157,076,000 of loans were in development loans. $71,787,000 of loans were in multifamily mortgage loans. $321,323,000 of loans were in 1-4 family mortgage loans. $816,000 of loans were in farm loans. $559,000 of loans were in credit card loans. $5,826,000 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 574 $109,853 $191,382
    Nonfarm, nonresidential loans - <$100k 152 $6,820 $44,868
    Nonfarm, nonresidential loans - $100-250k 209 $25,284 $120,976
    Nonfarm, nonresidential loans - $250k-1MM 213 $77,749 $365,019
    Commercial & Industrial, US addressed loans - <$1MM 39,149 $273,465 $6,985
    Commercial & Industrial, US addressed loans - <$100k 38,918 $234,196 $6,018
    Commercial & Industrial, US addressed loans - $100-250k 153 $15,150 $99,020
    Commercial & Industrial, US addressed loans - $250k-1MM 78 $24,119 $309,218
    Farmland loans - <$1MM 39 $4,058 $104,051
    Farmland loans - <$100k 18 $689 $38,278
    Farmland loans - $100-250k 10 $789 $78,900
    Farmland loans - $250k-1MM 11 $2,580 $234,545
    Agriculture operations loans - <$1MM 21 $815 $38,810
    Agriculture operations loans - <$100k 15 $277 $18,467
    Agriculture operations loans - $100-250k 3 $96 $32,000
    Agriculture operations loans - $250k-1MM 3 $442 $147,333