Anstaff Bank Mortgage Rates, Fees & Info

Green Forest, AR

LEI: 549300FAG4VH7YJ66576

Tax ID: 71-0077631

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

Review & Overview

Anstaff Bank is a smaller bank specializing in Home Purchase and Refi loans. Anstaff Bank has a high proportion of conventional loans. Their top markets by origination volume include: Mountain Home, Harrison, Fayetteville, Branson, and Denver among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)

Anstaff 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.

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Originations

247

Origination Dollar Volume (All Markets)

$34,825,000

Employee count

161

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
Mountain Home, AR (FHA\|USDA\|VA)	58	$13,200,000	$227,586	$0	0.00%
Harrison, AR (FHA\|USDA\|VA)	111	$11,835,000	$106,622	$0	0.00%
Outside of Metro Areas	52	$5,490,000	$105,577	$0	0.00%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA\|USDA\|VA)	15	$2,565,000	$171,000	$0	0.00%
Branson, MO (FHA\|USDA\|VA)	3	$625,000	$208,333	$0	0.00%
DENVER-AURORA-LAKEWOOD, CO (FHA\|USDA\|VA)	1	$405,000	$405,000	$0	0.00%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA\|USDA\|VA)	2	$190,000	$95,000	$0	0.00%
KANSAS CITY, MO-KS (FHA\|USDA\|VA)	2	$170,000	$85,000	$0	0.00%
Russellville, AR (FHA\|USDA\|VA)	1	$155,000	$155,000	$0	0.00%
Batesville, AR (FHA\|USDA\|VA)	1	$135,000	$135,000	$0	0.00%
SPRINGFIELD, MO (FHA\|USDA\|VA)	1	$55,000	$55,000	$0	0.00%

Anstaff Bank's top markets include Mountain Home, Harrison, Fayetteville, Branson, and Denver among others.

Their top states include:

Arkansas (FHA|USDA|VA)

Missouri (FHA|USDA|VA)

Colorado (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	247	$34,825,000	$140,992	$0	0.00%

For 2019, Anstaff Bank's most frequently originated type of loan was Conventional, with 247 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	121	$16,045,000	$132,603	$0	0.00%
Refi	99	$17,015,000	$171,869	$0	0.00%
Other	15	$1,395,000	$93,000	$0	0.00%
Home Improvement	12	$370,000	$30,833	$0	0.00%

For 2019, Anstaff Bank's most frequently cited loan purpose was Home Purchase, with 121 originations. The 2nd most popular reason was Refi, with 99 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	247	$34,825,000	$140,992	$0	0.00%

For 2019, Anstaff Bank's most frequently cited loan duration was Other, with 247 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	140	$7,620,000	$54,429	$0	0.00%
$100k-200k	71	$9,995,000	$140,775	$0	0.00%
$200k-400k	23	$6,365,000	$276,739	$0	0.00%
$400k-600k	6	$2,940,000	$490,000	$0	0.00%
$1MM+	4	$5,620,000	$1,405,000	$0	0.00%
$600k-1MM	3	$2,285,000	$761,667	$0	0.00%

2019 saw Anstaff Bank place emphasis on $100,000 or less loans with 140 originations, totaling $7,620,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k or less	71	$4,665,000	$65,704	$0	0.00%
$50k-75k	54	$5,630,000	$104,259	$0	0.00%
$75k-100k	28	$3,740,000	$133,571	$0	0.00%
$100k-150k	24	$2,960,000	$123,333	$0	0.00%
$150k-250k	21	$3,295,000	$156,905	$0	0.00%
$250k+	18	$5,660,000	$314,444	$0	0.00%

Anstaff Bank lent most frequently to those with incomes in the $50k or less range, with 71 originations. The second most popular income band? $50k-75k, with 54 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	247	$34,825,000	$140,992	$0	0.00%

Anstaff Bank lent most frequently to those with DTI ratios of Exempt%, with 247 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	217	$26,735,000	$123,203	$0	0.00%
Not applicable	27	$7,965,000	$295,000	$0	0.00%
Asian	2	$100,000	$50,000	$0	0.00%
Native Hawaiian or Islander	1	$25,000	$25,000	$0	0.00%

Approval Rates

Total approvals of all applications
95.47%

Anstaff 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
89.07%

Anstaff Bank has an average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	247	$34,825,000	$140,992

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Manufactured	1	$35,000	$35,000
Multifamily:Site-Built	2	$2,110,000	$1,055,000
Single Family (1-4 Units):Manufactured	31	$3,175,000	$102,419
Single Family (1-4 Units):Site-Built	213	$29,505,000	$138,521

Complaints

Bank Name	Product	Issue	2019 CPFB Complaints	% of Total Issues
AmWest Funding Corp.	Conventional home mortgage	Trouble during payment process	1	100.0%

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
Anstaff Bank	702 Highway 62-65 South Harrison, AR 72601	Full Service B&M	$70,839
Anstaff Bank	812 West Trimble Berryville, AR 72616	Full Service B&M	$39,659
Anstaff Bank	100 First National Avenue Green Forest, AR 72638	Full Service B&M	$138,111
Anstaff Bank	101 Public Square Kingston, AR 72742	Full Service B&M	$9,795
Anstaff Bank	1106 Highway 65 North Harrison, AR 72601	Full Service B&M	$122,280
Anstaff Bank	150 West End Way Mountain Home, AR 72653	Full Service B&M	$68,179
Anstaff Bank	210 East Main Street Huntsville, AR 72740	Full Service B&M	$39,261
Anstaff Bank	210 South Main Street Berryville, AR 72616	Full Service B&M	$12,354
Anstaff Bank	23 Wolf Street, 23 Wolf Street Norfork, AR 72658	Full Service B&M	$8,231
Anstaff Bank	301 South First Flippin, AR 72634	Full Service B&M	$36,692
Anstaff Bank	303 West Main Green Forest, AR 72638	Limited, Drive-thru	$0
Anstaff Bank	400 East Court Street Jasper, AR 72641	Full Service B&M	$44,555

For 2019, Anstaff Bank had 12 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$30,794
Net interest income	$24,082
Total noninterest income	$3,406
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$1,293
Trading account gains and fees	$0
Additional Noninterest Income	$2,113
Pre-tax net operating income	$8,981
Securities gains (or losses, -)	$45
Income before extraordinary items	$9,013
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$9,013
Minority interest net income	$0
Net income	$9,013
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$8,968

Anstaff Bank's gross interest income from loans was $30,794,000.
Anstaff Bank's net interest income from loans was $24,082,000.
Anstaff Bank's fee based income from loans was $1,293,000.
Anstaff Bank's net income from loans was $9,013,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$6,712
Provision for credit losses	$972
Total noninterest expense	$17,535
Salaries and employee benefits	$10,803
Premises and equipment expense	$1,711
Additional noninterest expense	$5,021
Applicable income taxes	$13
Net charge-offs	$211
Cash dividends	$2,990

Anstaff Bank's interest expense for loans was $6,712,000.
Anstaff Bank's payroll and benefits expense were $10,803,000.
Anstaff Bank's property, plant and equipment expenses $1,711,000.

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	0.5%
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	$635,072
Deposits held in domestic offices	$635,072
Deposits by Individuals, partnerships, and corporations	$552,380
Deposits by U.S. Government	$1
Deposits by States and political subdivisions in the U.S.	$82,454
Deposits by Commercial banks and other depository institutions in U.S.	$237
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$45,273
Demand deposits	$21,190
Nontransaction accounts	$589,799
Money market deposit accounts (MMDAs)	$99,910
Other savings deposits (excluding MMDAs)	$226,067
Total time deposits	$263,822
Total time and savings deposits	$613,882
Noninterest-bearing deposits	$65,546
Interest-bearing deposits	$569,526
Retail deposits	$582,453
IRAs and Keogh plan accounts	$32,704
Brokered deposits	$20,053
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$715,939
Cash & Balances due from depository institutions	$13,041
Interest-bearing balances	$2,368
Total securities	$97,317
Federal funds sold & reverse repurchase	$25,900
Net loans and leases	$530,337
Loan and leases loss allowance	$6,490
Trading account assets	$0
Bank premises and fixed assets	$19,228
Other real estate owned	$312
Goodwill and other intangibles	$5,327
All other assets	$24,477

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$715,939
Total Liabilities	$645,466
Total deposits	$635,072
Interest-bearing deposits	$569,526
Deposits held in domestic offices	$635,072
% insured (estimated)	$80
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$4,874
Subordinated debt	$0
All other liabilities	$5,520

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$530,337
Loan and leases loss allowance	$6,490
Total loans and leases (domestic)	$536,827
All real estate loans	$417,965
Real estate loans in domestic offices	$417,965
Construction and development loans	$37,758
Residential 1-4 family construction	$11,508
Other construction, all land development and other land	$26,250
Loans secured by nonfarm nonresidential properties	$105,264
Nonfarm nonresidential secured by owner-occupied properties	$47,587
Commercial real estate & other non-farm, non-residential	$57,677
Multifamily residential real estate	$12,081
1-4 family residential loans	$124,405
Farmland loans	$138,457
Loans held in foreign offices	$0
Farm loans	$33,907
Commercial and industrial loans	$54,098
To non-U.S. addressees	$0
Loans to individuals	$25,955
Credit card loans	$1,031
Related Plans	$0
Consumer Auto Loans	$9,025
Other loans to individuals	$15,899
All other loans & leases	$4,902
Loans to foreign governments and official institutions	$0
Other loans	$3,073
Loans to depository institutions and acceptances of other banks	$0
Loans not secured by real estate	$331
Loans secured by real estate to non-U.S. addressees	$0
Restructured Loans & leases	$1,256
Non 1-4 family restructured loans & leases	$614
Total loans and leases (foreign)	$0

Anstaff Bank had $530,337,000 of loans outstanding in 2019. $417,965,000 of loans were in real estate loans. $37,758,000 of loans were in development loans. $12,081,000 of loans were in multifamily mortgage loans. $124,405,000 of loans were in 1-4 family mortgage loans. $33,907,000 of loans were in farm loans. $1,031,000 of loans were in credit card loans. $9,025,000 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	310	$55,769	$179,900
Nonfarm, nonresidential loans - <$100k	103	$4,186	$40,641
Nonfarm, nonresidential loans - $100-250k	103	$12,491	$121,272
Nonfarm, nonresidential loans - $250k-1MM	104	$39,092	$375,885
Commercial & Industrial, US addressed loans - <$1MM	1,606	$34,441	$21,445
Commercial & Industrial, US addressed loans - <$100k	1,465	$15,454	$10,549
Commercial & Industrial, US addressed loans - $100-250k	101	$8,649	$85,634
Commercial & Industrial, US addressed loans - $250k-1MM	40	$10,338	$258,450
Farmland loans - <$1MM	566	$65,012	$114,862
Farmland loans - <$100k	268	$10,961	$40,899
Farmland loans - $100-250k	199	$25,299	$127,131
Farmland loans - $250k-1MM	99	$28,752	$290,424
Agriculture operations loans - <$1MM	1,452	$31,765	$21,877
Agriculture operations loans - <$100k	1,378	$22,553	$16,366
Agriculture operations loans - $100-250k	60	$5,682	$94,700
Agriculture operations loans - $250k-1MM	14	$3,530	$252,143