Quail Creek Bank Mortgage Rates, Fees & Info

Oklahoma City, OK

LEI: 549300D3HXQOVIN2DA88

Tax ID: 73-0965506

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

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Mortgage Data

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

    Quail Creek Bank is a smaller bank specializing in Home Purchase and Refi loans. Quail Creek Bank has a high proportion of conventional loans. Their top markets by origination volume include: Oklahoma City, Shawnee, Las Vegas, Fayetteville, and Tulsa among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Quail Creek Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Quail Creek 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 relatively high 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.


    Originations

    250

    Origination Dollar Volume (All Markets)

    $47,070,000

    Employee count

    83

    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
    OKLAHOMA CITY, OK (FHA|USDA|VA) 230 $43,960,000 $191,130 $3,419 5.52%
    Shawnee, OK (FHA|USDA|VA) 4 $570,000 $142,500 $3,563 5.57%
    Outside of Metro Areas 4 $560,000 $140,000 $4,360 5.33%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 2 $480,000 $240,000 $2,387 5.63%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 2 $350,000 $175,000 $2,528 6.00%
    TULSA, OK (FHA|USDA|VA) 2 $270,000 $135,000 $0 5.50%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $265,000 $265,000 $0 5.75%
    Stillwater, OK (FHA|USDA|VA) 1 $245,000 $245,000 $5,818 5.47%
    Elk City, OK (FHA|USDA|VA) 2 $230,000 $115,000 $3,076 5.57%
    LAWTON, OK (FHA|USDA|VA) 1 $95,000 $95,000 $0 6.00%
    McAlester, OK (FHA|USDA|VA) 1 $45,000 $45,000 $0 6.25%
    Quail Creek Bank's top markets include Oklahoma City, Shawnee, Las Vegas, Fayetteville, and Tulsa among others.

    Their top states include:
  • Oklahoma (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)

    • Similar Lenders

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

    Municipal Employees Credit Union of Oklahoma City
    Similarity Rank: 89
    WEOKIE
    Similarity Rank: 120
    First Fidelity Bank
    Similarity Rank: 180
    TRUE SKY
    Similarity Rank: 240
    Washita Mortgage, Inc.
    Similarity Rank: 564
    US Employees O.C. Federal Credit Union
    Similarity Rank: 620
    OKLAHOMA'S
    Similarity Rank: 714
    CWM PARTNERS, L.P.
    Similarity Rank: 918
    COMMUNICATION
    Similarity Rank: 1020
    Republic Bank & Trust
    Similarity Rank: 1177

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 250 $47,070,000 $188,280 $3,417 5.53%

    For 2018, Quail Creek Bank's most frequently originated type of loan was Conventional, with 250 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 134 $23,460,000 $175,075 $3,459 5.55%
    Refi 77 $16,485,000 $214,091 $3,251 5.53%
    Cash Out Refi 30 $4,800,000 $160,000 $3,494 5.45%
    Home Improvement 9 $2,325,000 $258,333 $1,367 5.64%

    For 2018, Quail Creek Bank's most frequently cited loan purpose was Home Purchase, with 134 originations. The 2nd most popular reason was Refi, with 77 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 116 $20,710,000 $178,534 $2,476 5.49%
    15 Year 40 $6,810,000 $170,250 $2,902 5.42%
    30 Year 35 $9,905,000 $283,000 $4,199 5.77%
    10 Year 25 $2,555,000 $102,200 $1,522 5.44%
    5 Year 20 $3,600,000 $180,000 $0 5.56%
    1 Year 5 $1,575,000 $315,000 $0 5.80%
    30+ year 4 $1,110,000 $277,500 $3,519 5.68%
    20 Year 3 $335,000 $111,667 $2,722 5.70%
    3 Year 2 $470,000 $235,000 $0 5.50%

    For 2018, Quail Creek Bank's most frequently cited loan duration was Other, with 116 originations. The 2nd most popular length was 15 Year, with 40 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 28 $5,720,000 $204,286
    $2k-3k 26 $7,620,000 $293,077
    $<1k 23 $2,295,000 $99,783
    $4k-5k 2 $1,210,000 $605,000
    $3k-4k 1 $365,000 $365,000

    Quail Creek Bank's average total fees were $4,199, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 28 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 216 $40,470,000 $187,361
    4-5% 19 $3,005,000 $158,158
    6-7% 15 $3,595,000 $239,667

    During 2018, Quail Creek Bank's average interest rate for loans was 5.77%, while their most frequently originated rate bucket for loans was 5-6%, with 216 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 114 $6,440,000 $56,491 $1,466 5.55%
    $100k-200k 73 $10,265,000 $140,616 $3,175 5.46%
    $200k-400k 43 $11,495,000 $267,326 $4,166 5.61%
    $400k-600k 11 $5,115,000 $465,000 $5,358 5.62%
    $1MM+ 5 $10,935,000 $2,187,000 $0 5.40%
    $600k-1MM 4 $2,820,000 $705,000 $6,495 5.53%

    2018 saw Quail Creek Bank place emphasis on $100,000 or less loans with 114 originations, totaling $6,440,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 27 $5,745,000 $212,778 $3,678 5.52%
    $50k or less 26 $2,690,000 $103,462 $3,066 5.40%
    $150k-250k 22 $4,840,000 $220,000 $3,432 5.62%
    $75k-100k 22 $3,820,000 $173,636 $2,942 5.53%
    $100k-150k 21 $4,085,000 $194,524 $4,063 5.68%
    $50k-75k 13 $1,885,000 $145,000 $3,820 5.67%

    Quail Creek Bank lent most frequently to those with incomes in the $250k+ range, with 27 originations. The second most popular income band? $50k or less, with 26 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 23 $5,105,000 $221,957 $3,845 5.59%
    <20% 23 $3,395,000 $147,609 $3,064 5.48%
    30-36% 14 $2,420,000 $172,857 $3,450 5.63%
    43% 10 $2,200,000 $220,000 $3,205 5.67%
    >60% 9 $2,025,000 $225,000 $3,467 5.54%
    40% 7 $1,275,000 $182,143 $3,911 5.60%
    50-60% 4 $800,000 $200,000 $2,318 5.38%
    37% 4 $970,000 $242,500 $4,109 5.64%
    46% 3 $585,000 $195,000 $3,775 5.87%
    48% 3 $525,000 $175,000 $4,708 5.58%
    36% 3 $315,000 $105,000 $2,748 5.50%
    42% 3 $315,000 $105,000 $2,650 5.70%
    39% 3 $725,000 $241,667 $4,307 5.81%
    44% 2 $200,000 $100,000 $1,708 5.38%
    38% 2 $130,000 $65,000 $2,228 4.99%
    47% 1 $155,000 $155,000 $3,416 5.41%

    Quail Creek Bank lent most frequently to those with DTI ratios of 20-30%, with 23 originations. The next most common DTI ratio? <20%, with 23 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 117 $23,645,000 $202,094 $3,900 5.51%
    White 79 $14,455,000 $182,975 $3,253 5.64%
    Asian 43 $7,365,000 $171,279 $3,964 5.38%
    Black 3 $615,000 $205,000 $2,593 5.37%
    American Indian 4 $580,000 $145,000 $2,485 5.67%
    Other Asian 2 $270,000 $135,000 $4,102 5.92%
    Chinese 2 $140,000 $70,000 $0 5.38%

    Approval Rates

    Total approvals of all applications
    95.67%

    Quail Creek 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
    94.00%

    Quail Creek Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 250 $47,070,000 $188,280

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 15 $11,955,000 $797,000
    Single Family (1-4 Units):Manufactured 2 $350,000 $175,000
    Single Family (1-4 Units):Site-Built 233 $34,765,000 $149,206

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 28 $4,850,000 $173,214 $2,793 5.62%
    40-60% 57 $6,345,000 $111,316 $2,466 5.42%
    60-80% 89 $20,035,000 $225,112 $3,786 5.48%
    80-100% 55 $13,005,000 $236,455 $4,114 5.60%
    Over 100% 2 $520,000 $260,000 $0 5.75%
    Under 20% 19 $2,315,000 $121,842 $1,034 5.75%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Quail Creek Bank, National Association 12201 North May Avenue Oklahoma City, OK 73120 Full Service B&M $547,895

    For 2018, Quail Creek Bank had 1 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $29,288
    Net interest income $25,358
    Total noninterest income $1,761
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $699
    Trading account gains and fees $0
    Additional Noninterest Income $1,062
    Pre-tax net operating income $12,180
    Securities gains (or losses, -) $-26
    Income before extraordinary items $12,154
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $12,154
    Minority interest net income $0
    Net income $12,154
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $12,180

    Quail Creek Bank's gross interest income from loans was $29,288,000.
    Quail Creek Bank's net interest income from loans was $25,358,000.
    Quail Creek Bank's fee based income from loans was $699,000.
    Quail Creek Bank's net income from loans was $12,154,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,930
    Provision for credit losses $850
    Total noninterest expense $14,089
    Salaries and employee benefits $8,957
    Premises and equipment expense $1,200
    Additional noninterest expense $3,932
    Applicable income taxes $0
    Net charge-offs $1,083
    Cash dividends $11,595

    Quail Creek Bank's interest expense for loans was $3,930,000.
    Quail Creek Bank's payroll and benefits expense were $8,957,000.
    Quail Creek Bank's property, plant and equipment expenses $1,200,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 2.0%
    Real Estate loans 2.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 3.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 4.0%
    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 $620,019
    Deposits held in domestic offices $620,019
    Deposits by Individuals, partnerships, and corporations $610,053
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $8,494
    Deposits by Commercial banks and other depository institutions in U.S. $1,472
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $259,640
    Demand deposits $105,821
    Nontransaction accounts $360,379
    Money market deposit accounts (MMDAs) $242,698
    Other savings deposits (excluding MMDAs) $12,638
    Total time deposits $105,043
    Total time and savings deposits $514,198
    Noninterest-bearing deposits $78,950
    Interest-bearing deposits $541,069
    Retail deposits $585,996
    IRAs and Keogh plan accounts $9,250
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $688,425
    Cash & Balances due from depository institutions $100,723
    Interest-bearing balances $94,817
    Total securities $76,178
    Federal funds sold & reverse repurchase $0
    Net loans and leases $503,016
    Loan and leases loss allowance $5,762
    Trading account assets $0
    Bank premises and fixed assets $5,251
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $3,257

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $688,425
    Total Liabilities $622,400
    Total deposits $620,019
    Interest-bearing deposits $541,069
    Deposits held in domestic offices $620,019
    % insured (estimated) $65
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $2,381

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $503,016
    Loan and leases loss allowance $5,762
    Total loans and leases (domestic) $508,778
    All real estate loans $477,428
    Real estate loans in domestic offices $477,428
    Construction and development loans $19,206
    Residential 1-4 family construction $6,601
    Other construction, all land development and other land $12,605
    Loans secured by nonfarm nonresidential properties $298,379
    Nonfarm nonresidential secured by owner-occupied properties $89,194
    Commercial real estate & other non-farm, non-residential $209,185
    Multifamily residential real estate $5,789
    1-4 family residential loans $153,898
    Farmland loans $156
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $23,939
    To non-U.S. addressees $0
    Loans to individuals $7,370
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $5,297
    Other loans to individuals $2,073
    All other loans & leases $42
    Loans to foreign governments and official institutions $0
    Other loans $42
    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 $14,349
    Non 1-4 family restructured loans & leases $12,901
    Total loans and leases (foreign) $0

    Quail Creek Bank had $503,016,000 of loans outstanding in 2018. $477,428,000 of loans were in real estate loans. $19,206,000 of loans were in development loans. $5,789,000 of loans were in multifamily mortgage loans. $153,898,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $5,297,000 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 356 $82,439 $231,570
    Nonfarm, nonresidential loans - <$100k 57 $2,316 $40,632
    Nonfarm, nonresidential loans - $100-250k 115 $14,797 $128,670
    Nonfarm, nonresidential loans - $250k-1MM 184 $65,326 $355,033
    Commercial & Industrial, US addressed loans - <$1MM 243 $17,538 $72,173
    Commercial & Industrial, US addressed loans - <$100k 164 $4,619 $28,165
    Commercial & Industrial, US addressed loans - $100-250k 54 $5,162 $95,593
    Commercial & Industrial, US addressed loans - $250k-1MM 25 $7,757 $310,280
    Farmland loans - <$1MM 3 $156 $52,000
    Farmland loans - <$100k 2 $102 $51,000
    Farmland loans - $100-250k 1 $54 $54,000