Regent Bank Mortgage Rates, Fees & Info

Tulsa, OK

LEI: 549300BSTNYSV3EWYM24

Tax ID: 73-0376185

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Regent Bank is a smaller bank specializing in Home Purchase and Refi loans. Regent Bank has a high proportion of conventional loans. Their top markets include Tulsa, Oklahoma City, Springfield, Edwards, and Bartlesville among others. Regent 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.


Originations

323

Origination Dollar Volume (All Markets)

$98,865,000

Employee count

160

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
TULSA, OK (FHA|USDA|VA) 149 $40,395,000 $271,107 $0 0.00%
OKLAHOMA CITY, OK (FHA|USDA|VA) 87 $19,775,000 $227,299 $0 0.00%
SPRINGFIELD, MO (FHA|USDA|VA) 29 $18,945,000 $653,276 $0 0.00%
Edwards, CO (FHA|USDA|VA) 1 $5,135,000 $5,135,000 $0 0.00%
Bartlesville, OK (FHA|USDA|VA) 22 $4,800,000 $218,182 $0 0.00%
Outside of Metro Areas 16 $1,810,000 $113,125 $0 0.00%
TOPEKA, KS (FHA|USDA|VA) 1 $1,805,000 $1,805,000 $0 0.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 4 $1,720,000 $430,000 $0 0.00%
Glenwood Springs, CO (FHA|USDA|VA) 1 $935,000 $935,000 $0 0.00%
McAlester, OK (FHA|USDA|VA) 2 $910,000 $455,000 $0 0.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $545,000 $545,000 $0 0.00%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $485,000 $485,000 $0 0.00%
Stillwater, OK (FHA|USDA|VA) 1 $445,000 $445,000 $0 0.00%
KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
Taos, NM (FHA|USDA|VA) 1 $275,000 $275,000 $0 0.00%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
Tahlequah, OK (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
Coffeyville, KS (FHA|USDA|VA) 2 $110,000 $55,000 $0 0.00%
Branson, MO (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
Muskogee, OK (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%

Regent Bank's top markets include Tulsa, Oklahoma City, Springfield, Edwards, and Bartlesville among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 323 $98,865,000 $306,084 $0 0.00%

For the 2021 period, Regent Bank's most frequently originated loan type of loans were Conventional, with 323 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 179 $51,745,000 $289,078 $0 0.00%
Refi 109 $37,145,000 $340,780 $0 0.00%
Cash Out Refi 29 $8,495,000 $292,931 $0 0.00%
Other 5 $545,000 $109,000 $0 0.00%
Home Improvement 1 $935,000 $935,000 $0 0.00%

For the 2021, Regent Bank's most frequently cited loan purpose of loans were Home Purchase, with 179 originations. The 2nd most popular reason of loans were Refi, with 109 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
Other 323 $98,865,000 $306,084 $0 0.00%

For the 2021, Regent Bank's most frequently cited loan length of loans were Other, with 323 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 91 $26,205,000 $287,967 $0 0.00%
$100,000 or less 86 $5,430,000 $63,140 $0 0.00%
$100k-200k 86 $11,980,000 $139,302 $0 0.00%
$400k-600k 40 $19,940,000 $498,500 $0 0.00%
$600k-1MM 14 $10,940,000 $781,429 $0 0.00%
$1MM+ 6 $24,370,000 $4,061,667 $0 0.00%

2021 saw Regent Bank place emphasis on $200k-400k loans with 91 originations, totaling $26,205,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 50 $12,830,000 $256,600 $0 0.00%
$250k+ 48 $20,640,000 $430,000 $0 0.00%
$150k-250k 31 $8,905,000 $287,258 $0 0.00%
$75k-100k 30 $6,000,000 $200,000 $0 0.00%
$50k-75k 29 $4,945,000 $170,517 $0 0.00%
$50k or less 27 $3,455,000 $127,963 $0 0.00%

Regent Bank lent most frequently to those with incomes in the $100k-150k range, with 50 originations. The second most popular income band? $250k+, with 48 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
Exempt% 323 $98,865,000 $306,084 $0 0.00%

Regent Bank lent most frequently to those with DTI ratios of Exempt%, with 323 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 177 $45,705,000 $258,220 $0 0.00%
Not applicable 104 $41,440,000 $398,462 $0 0.00%
American Indian 20 $4,880,000 $244,000 $0 0.00%
Not provided 6 $2,970,000 $495,000 $0 0.00%
Asian 5 $1,905,000 $381,000 $0 0.00%
Asian Indian 2 $720,000 $360,000 $0 0.00%
Black 5 $715,000 $143,000 $0 0.00%
Native Hawaiian 1 $245,000 $245,000 $0 0.00%
Vietnamese 2 $150,000 $75,000 $0 0.00%
Japanese 1 $135,000 $135,000 $0 0.00%

Approval Rates

Total approvals of all applications
95.39%

Regent 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
89.54%

Regent Bank has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
Exempt 323 $98,865,000 $306,084

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
323 $98,865,000 $306,084

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Regent Bank 105 N Maple Street Nowata, OK 74048 Full Service B&M $66,272
Regent Bank 1900 N.W. Expressway, 50 Penn Place Oklahoma City, OK 73118 Full Service B&M $171,657
Regent Bank 212 West Cherokee Nowata, OK 74048 Limited, Drive-thru $0
Regent Bank 3721 E. Battlefield Road, Suite 100 Springfield, MO 65804 Full Service B&M $87,586
Regent Bank 422 S. Dewey Avenue Bartlesville, OK 74003 Full Service B&M $15,474
Regent Bank 7136 South. Yale, Suite 100 Tulsa, OK 74136 Full Service B&M $457,069

For 2021, Regent Bank had 6 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $40,370
Net interest income $36,906
Total noninterest income $7,156
Gross Fiduciary activities income $0
Service charges on deposit accounts $1,858
Trading account gains and fees $0
Additional Noninterest Income $5,298
Pre-tax net operating income $15,169
Securities gains (or losses, -) $0
Income before extraordinary items $11,074
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $11,074
Minority interest net income $0
Net income $11,074
Sale, conversion, retirement of capital stock, net $0
Net operating income $11,074

Regent Bank's gross interest income from loans was $40,370,000.
Regent Bank's net interest income from loans was $36,906,000.
Regent Bank's fee based income from loans was $1,858,000.
Regent Bank's net income from loans was $11,074,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $3,464
Provision for credit losses $1,958
Total noninterest expense $26,935
Salaries and employee benefits $16,813
Premises and equipment expense $2,236
Additional noninterest expense $7,886
Applicable income taxes $4,095
Net charge-offs $2,085
Cash dividends $0

Regent Bank's interest expense for loans was $3,464,000.
Regent Bank's payroll and benefits expense were $16,813,000.
Regent Bank's property, plant and equipment expenses $2,236,000.

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 1.0%
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 $843,402
Deposits held in domestic offices $843,402
Deposits by Individuals, partnerships, and corporations $720,895
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $54,616
Deposits by Commercial banks and other depository institutions in U.S. $67,892
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $506,789
Demand deposits $506,789
Nontransaction accounts $336,614
Money market deposit accounts (MMDAs) $136,799
Other savings deposits (excluding MMDAs) $21,188
Total time deposits $178,627
Total time and savings deposits $336,614
Noninterest-bearing deposits $233,066
Interest-bearing deposits $610,336
Retail deposits $804,320
IRAs and Keogh plan accounts $2,834
Brokered deposits $58,305
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $964,226
Cash & Balances due from depository institutions $43,816
Interest-bearing balances $33,685
Total securities $75,646
Federal funds sold & reverse repurchase $0
Net loans and leases $806,447
Loan and leases loss allowance $10,764
Trading account assets $0
Bank premises and fixed assets $18,448
Other real estate owned $0
Goodwill and other intangibles $3,991
All other assets $15,878

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $964,226
Total Liabilities $867,586
Total deposits $843,402
Interest-bearing deposits $610,336
Deposits held in domestic offices $843,402
% insured (estimated) $72
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $20,998
Subordinated debt $0
All other liabilities $3,186

Issued Loan Types

Type Value (in 000's)
Net loans and leases $806,447
Loan and leases loss allowance $10,764
Total loans and leases (domestic) $817,211
All real estate loans $589,127
Real estate loans in domestic offices $589,127
Construction and development loans $75,355
Residential 1-4 family construction $24,249
Other construction, all land development and other land $51,106
Loans secured by nonfarm nonresidential properties $309,770
Nonfarm nonresidential secured by owner-occupied properties $170,565
Commercial real estate & other non-farm, non-residential $139,205
Multifamily residential real estate $21,511
1-4 family residential loans $125,227
Farmland loans $57,264
Loans held in foreign offices $0
Farm loans $11,974
Commercial and industrial loans $206,514
To non-U.S. addressees $0
Loans to individuals $5,088
Credit card loans $0
Related Plans $60
Consumer Auto Loans $2,211
Other loans to individuals $2,817
All other loans & leases $4,508
Loans to foreign governments and official institutions $0
Other loans $4,166
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 $756
Non 1-4 family restructured loans & leases $595
Total loans and leases (foreign) $0

Regent Bank had $806,447,000 of loans outstanding in 2021. $589,127,000 of loans were in real estate loans. $75,355,000 of loans were in development loans. $21,511,000 of loans were in multifamily mortgage loans. $125,227,000 of loans were in 1-4 family mortgage loans. $11,974,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,211,000 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 190 $50,213 $264,279
Nonfarm, nonresidential loans - <$100k 19 $795 $41,842
Nonfarm, nonresidential loans - $100-250k 54 $6,940 $128,519
Nonfarm, nonresidential loans - $250k-1MM 117 $42,478 $363,060
Commercial & Industrial, US addressed loans - <$1MM 906 $66,606 $73,517
Commercial & Industrial, US addressed loans - <$100k 619 $14,102 $22,782
Commercial & Industrial, US addressed loans - $100-250k 160 $16,803 $105,019
Commercial & Industrial, US addressed loans - $250k-1MM 127 $35,701 $281,110
Farmland loans - <$1MM 197 $24,740 $125,584
Farmland loans - <$100k 80 $4,290 $53,625
Farmland loans - $100-250k 84 $11,218 $133,548
Farmland loans - $250k-1MM 33 $9,232 $279,758
Agriculture operations loans - <$1MM 188 $7,805 $41,516
Agriculture operations loans - <$100k 162 $3,796 $23,432
Agriculture operations loans - $100-250k 19 $2,412 $126,947
Agriculture operations loans - $250k-1MM 7 $1,597 $228,143