Stockman Bank Of Montana Mortgage Rates, Fees & Info

Miles City, MT

LEI: 549300FVJ3IB88LTR841

Tax ID: 81-0213402

4 stars - out of 5 stars, based on 66 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Stockman Bank Of Montana is a small bank specializing in Home Purchase loans. Stockman Bank Of Montana 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 include Bozeman, Billings, Great Falls, Missoula, and Helena among others. Stockman Bank Of Montana 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. Stockman Bank Of Montana is typically an average fee lendor.


Originations

4,294

Origination Dollar Volume (All Markets)

$1,058,790,000

Employee count

747 Show all (5) awards

Relative Rate

Stockman Bank Of Montana's average 30 year fixed rate mortgage of loans were 3.08%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.07%.

Relative Fees

Stockman Bank Of Montana's average total fees for a 30 year fixed rate mortgage are $5,983.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Bozeman, MT (FHA|USDA|VA) 685 $248,415,000 $362,650 $7,655 3.30%
Outside of Metro Areas 1,193 $240,325,000 $201,446 $5,112 3.32%
BILLINGS, MT (FHA|USDA|VA) 1,061 $233,005,000 $219,609 $4,906 3.36%
GREAT FALLS, MT (FHA|USDA|VA) 680 $143,190,000 $210,574 $5,424 3.13%
MISSOULA, MT (FHA|USDA|VA) 314 $93,100,000 $296,497 $5,310 3.31%
Helena, MT (FHA|USDA|VA) 285 $73,525,000 $257,982 $5,641 3.16%
Kalispell, MT (FHA|USDA|VA) 34 $11,870,000 $349,118 $6,333 3.54%
Butte-Silver Bow, MT (FHA|USDA|VA) 30 $5,350,000 $178,333 $5,003 3.48%
Minot, ND (FHA|USDA|VA) 2 $4,330,000 $2,165,000 $0 4.00%
RAPID CITY, SD (FHA|USDA|VA) 3 $3,305,000 $1,101,667 $0 3.97%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $1,375,000 $1,375,000 $20,412 4.00%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $305,000 $305,000 $1,601 3.89%
Williston, ND (FHA|USDA|VA) 1 $255,000 $255,000 $5,004 2.88%
Sheridan, WY (FHA|USDA|VA) 1 $185,000 $185,000 $0 3.95%
BISMARCK, ND (FHA|USDA|VA) 1 $105,000 $105,000 $3,102 3.38%
Dickinson, ND (FHA|USDA|VA) 1 $75,000 $75,000 $0 3.95%
TUCSON, AZ (FHA|USDA|VA) 1 $75,000 $75,000 $0 4.50%

Stockman Bank Of Montana's top markets include Bozeman, Billings, Great Falls, Missoula, and Helena among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 3,786 $925,800,000 $244,532 $5,111 3.37%
VA 242 $75,200,000 $310,744 $8,565 2.72%
FHA 191 $43,885,000 $229,764 $9,077 2.80%
USDA 75 $13,905,000 $185,400 $6,147 2.65%

For the 2021 period, Stockman Bank Of Montana's most frequently originated loan type of loans were Conventional, with 3,786 originations. Their 2nd most popular type is VA, with 242 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 2,191 $615,285,000 $280,824 $6,051 3.18%
Refi 885 $207,365,000 $234,311 $4,366 3.31%
Cash Out Refi 700 $177,080,000 $252,971 $5,841 3.14%
Other 313 $41,135,000 $131,422 $4,050 3.86%
Home Improvement 205 $17,925,000 $87,439 $1,851 4.09%

For the 2021, Stockman Bank Of Montana's most frequently cited loan purpose of loans were Home Purchase, with 2,191 originations. The 2nd most popular reason of loans were Refi, with 885 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 2,739 $755,755,000 $275,924 $5,983 3.08%
10 Year 580 $63,760,000 $109,931 $2,356 3.98%
15 Year 500 $100,000,000 $200,000 $4,166 2.81%
20 Year 217 $65,805,000 $303,249 $4,313 3.99%
1 Year 120 $28,460,000 $237,167 $7,025 4.19%
Other 109 $33,995,000 $311,881 $3,692 4.27%
5 Year 18 $2,240,000 $124,444 $878 4.90%
3 Year 11 $8,775,000 $797,727 $0 4.93%

For the 2021, Stockman Bank Of Montana's most frequently cited loan length of loans were 30 Year, with 2,739 originations. The 2nd most popular length of loans were 10 Year, with 580 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$2k-3k 949 $207,845,000 $219,015
$3k-4k 830 $266,620,000 $321,229
$1k-2k 738 $116,640,000 $158,049
$<1k 536 $123,570,000 $230,541
$5k+ 349 $176,225,000 $504,943

$5,983 of loans were Stockman Bank Of Montana's average total fees, while their most frequently occuring range of origination fees were in the $2k-3k bucket, with 949 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 1,934 $488,480,000 $252,575
2.5-3% 1,445 $368,465,000 $254,993
<2.5% 456 $109,090,000 $239,232
4-5% 416 $89,550,000 $215,264
5-6% 33 $2,875,000 $87,121
7-8% 4 $110,000 $27,500
Over 8% 4 $110,000 $27,500
6-7% 2 $110,000 $55,000

During 2021, Stockman Bank Of Montana's average interest rate of loans were 3.08%, while their most frequently originated rate bucket of loans were 3-4%, with 1,934 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 1,769 $498,945,000 $282,049 $5,990 3.13%
$100k-200k 1,239 $184,865,000 $149,205 $4,119 3.22%
$100,000 or less 716 $41,040,000 $57,318 $2,307 3.85%
$400k-600k 466 $223,800,000 $480,258 $8,419 3.12%
$600k-1MM 74 $54,760,000 $740,000 $12,817 3.55%
$1MM+ 30 $55,380,000 $1,846,000 $19,688 3.95%

2021 saw Stockman Bank Of Montana place emphasis on $200k-400k loans with 1,769 originations, totaling $498,945,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 1,017 $209,495,000 $205,993 $5,329 3.14%
$100k-150k 873 $238,405,000 $273,087 $6,172 3.28%
$75k-100k 755 $178,615,000 $236,576 $5,691 3.25%
$50k or less 641 $93,635,000 $146,076 $4,394 3.13%
$150k-250k 438 $131,370,000 $299,932 $6,856 3.42%
$250k+ 273 $108,565,000 $397,674 $7,234 3.56%

Stockman Bank Of Montana lent most frequently to those with incomes in the $50k-75k range, with 1,017 originations. The second most popular income band? $100k-150k, with 873 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 883 $200,355,000 $226,903 $5,215 3.24%
30-36% 722 $168,770,000 $233,753 $5,336 3.20%
<20% 399 $79,695,000 $199,737 $4,943 3.43%
42% 185 $48,815,000 $263,865 $5,963 3.26%
39% 177 $44,665,000 $252,345 $5,976 3.20%
44% 176 $40,410,000 $229,602 $5,415 3.17%
40% 170 $39,960,000 $235,059 $5,579 3.21%
41% 157 $41,355,000 $263,408 $6,257 3.15%
43% 154 $38,520,000 $250,130 $5,839 3.14%
38% 149 $37,355,000 $250,705 $5,564 3.21%
36% 134 $31,460,000 $234,776 $5,698 3.22%
37% 126 $29,670,000 $235,476 $5,501 3.25%
45% 115 $30,155,000 $262,217 $6,248 3.07%
48% 91 $25,615,000 $281,484 $5,875 3.08%
47% 87 $21,575,000 $247,989 $5,939 3.15%
46% 85 $21,045,000 $247,588 $5,745 3.05%
49% 85 $25,085,000 $295,118 $6,360 3.15%
50-60% 85 $23,055,000 $271,235 $8,630 3.12%
>60% 28 $8,570,000 $306,071 $6,182 3.93%

Stockman Bank Of Montana lent most frequently to those with DTI ratios of 20-30%, with 883 originations. The next most common DTI ratio? 30-36%, with 722 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 3,862 $922,740,000 $238,928 $5,606 3.26%
Not applicable 146 $66,200,000 $453,425 $0 4.32%
Not provided 185 $48,565,000 $262,514 $5,534 3.18%
American Indian 53 $10,345,000 $195,189 $5,802 3.13%
Asian 35 $7,935,000 $226,714 $5,451 3.18%
Black 9 $2,655,000 $295,000 $5,729 3.07%
Native Hawaiian 3 $325,000 $108,333 $4,009 3.17%
Other Pacific Islander 1 $25,000 $25,000 $0 4.00%

Approval Rates

Total approvals of all applications
94.70%

Stockman Bank Of Montana has an average approval rate.

Pick Rate

Approvals leading to origination
78.08%

Stockman Bank Of Montana has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 4,294 $1,058,790,000 $246,574

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
4,294 $1,058,790,000 $246,574

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 505 $82,635,000 $163,634 $4,013 3.52%
40-60% 715 $185,885,000 $259,979 $4,884 3.21%
60-80% 1,401 $407,225,000 $290,667 $5,621 3.34%
80-100% 1,233 $333,535,000 $270,507 $6,175 3.00%
Over 100% 53 $18,665,000 $352,170 $14,489 2.79%
Under 20% 387 $30,845,000 $79,703 $1,401 3.94%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Stockman Bank of Montana 301 West Holy Street Sidney, MT 59270 Full Service B&M $388,845
Stockman Bank of Montana 100 East Wooden Shoe Lane Manhattan, MT 59741 Full Service B&M $34,710
Stockman Bank of Montana 102 S Main Street Richey, MT 59259 Full Service B&M $20,456
Stockman Bank of Montana 103 Central Avenue Stanford, MT 59479 Full Service B&M $73,951
Stockman Bank of Montana 110 Southside Blvd Dillon, MT 59725 Full Service Retail $0
Stockman Bank of Montana 117 Logan Terry, MT 59349 Full Service B&M $46,144
Stockman Bank of Montana 120 South Wibaux Street Wibaux, MT 59353 Full Service B&M $32,249
Stockman Bank of Montana 700 Main Street Miles City, MT 59301 Full Service B&M $512,227
Stockman Bank of Montana 702 South Main Conrad, MT 59425 Full Service B&M $0
Stockman Bank of Montana 711 Third Street North West Great Falls, MT 59404 Full Service B&M $223,258
Stockman Bank of Montana 719 Elliot Ave Hysham, MT 59038 Full Service B&M $20,082
Stockman Bank of Montana 800 Main Street Billings, MT 59105 Full Service B&M $207,266
Stockman Bank of Montana 800 South Haynes Avenue Miles City, MT 59301 Full Service B&M $0
Stockman Bank of Montana 87 South 7th Street Miles City, MT 59301 Limited, Drive-thru $0
Stockman Bank of Montana 1243 Burlington Avenue Missoula, MT 59801 Full Service B&M $0
Stockman Bank of Montana 125 West Main Cut Bank, MT 59427 Full Service B&M $104,445
Stockman Bank of Montana 1403 Grand Ave Billings, MT 59102 Full Service B&M $69,565
Stockman Bank of Montana 1433 North 19th Avenue Bozeman, MT 59718 Full Service B&M $188,654
Stockman Bank of Montana 1450 Shiloh Road Billings, MT 59106 Full Service B&M $148,948
Stockman Bank of Montana 1716 West Main Street Lewistown, MT 59457 Full Service B&M $97,448
Stockman Bank of Montana 1815 S 19th Avenue Bozeman, MT 59718 Full Service B&M $191,023
Stockman Bank of Montana 204 West Bell Street Glendive, MT 59330 Full Service B&M $190,244
Stockman Bank of Montana 2425 10th Avenue South Great Falls, MT 59405 Full Service B&M $117,460
Stockman Bank of Montana 2450 Main Street Worden, MT 59088 Full Service B&M $38,144
Stockman Bank of Montana 25 5th Street North Great Falls, MT 59401 Full Service B&M $48,186
Stockman Bank of Montana 2700 King Avenue West Billings, MT 59108 Full Service B&M $441,810
Stockman Bank of Montana 2nd Avenue S.W. And 2nd Street S.W. Sidney, MT 59270 Limited, Drive-thru $0
Stockman Bank of Montana 3094 N Sanders Street Helena, MT 59601 Full Service B&M $126,611
Stockman Bank of Montana 311 Main St Geraldine, MT 59446 Full Service B&M $14,804
Stockman Bank of Montana 321 W Broadway Street Missoula, MT 59802 Full Service B&M $183,673
Stockman Bank of Montana 324 Third Avenue Havre, MT 59501 Full Service B&M $59,712
Stockman Bank of Montana 3301 Great Northern Ave Missoula, MT 59808 Full Service B&M $41,229
Stockman Bank of Montana 3615 Brooks Street Missoula, MT 59801 Full Service B&M $69,504
Stockman Bank of Montana 402 North Broadway Billings, MT 59101 Full Service B&M $131,068
Stockman Bank of Montana 405 West 1st Avenue Plentywood, MT 59254 Full Service B&M $56,648
Stockman Bank of Montana 420 South Main Street Conrad, MT 59425 Full Service B&M $154,838
Stockman Bank of Montana 5 West Lyndale Avenue Helena, MT 59601 Full Service B&M $0
Stockman Bank of Montana 590 North Montana Dillon, MT 59725 Full Service B&M $167,927
Stockman Bank of Montana 6050 Jack Rabbit Lane Belgrade, MT 59714 Full Service B&M $120,578

For 2021, Stockman Bank Of Montana had 39 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $159,804
Net interest income $147,018
Total noninterest income $50,145
Gross Fiduciary activities income $0
Service charges on deposit accounts $5,289
Trading account gains and fees $0
Additional Noninterest Income $44,856
Pre-tax net operating income $93,019
Securities gains (or losses, -) $791
Income before extraordinary items $93,810
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $93,810
Minority interest net income $0
Net income $93,810
Sale, conversion, retirement of capital stock, net $0
Net operating income $93,019

Stockman Bank Of Montana's gross interest income from loans was $159,804,000.
Stockman Bank Of Montana's net interest income from loans was $147,018,000.
Stockman Bank Of Montana's fee based income from loans was $5,289,000.
Stockman Bank Of Montana's net income from loans was $93,810,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $12,786
Provision for credit losses $-500
Total noninterest expense $104,644
Salaries and employee benefits $66,499
Premises and equipment expense $12,865
Additional noninterest expense $25,280
Applicable income taxes $0
Net charge-offs $-1,226
Cash dividends $38,500

Stockman Bank Of Montana's interest expense for loans was $12,786,000.
Stockman Bank Of Montana's payroll and benefits expense were $66,499,000.
Stockman Bank Of Montana's property, plant and equipment expenses $12,865,000.

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 $4,946,730
Deposits held in domestic offices $4,946,730
Deposits by Individuals, partnerships, and corporations $4,499,850
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $446,604
Deposits by Commercial banks and other depository institutions in U.S. $276
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $579,075
Demand deposits $579,075
Nontransaction accounts $4,367,655
Money market deposit accounts (MMDAs) $1,471,052
Other savings deposits (excluding MMDAs) $2,425,604
Total time deposits $471,000
Total time and savings deposits $4,367,655
Noninterest-bearing deposits $1,616,769
Interest-bearing deposits $3,329,961
Retail deposits $4,775,233
IRAs and Keogh plan accounts $39,096
Brokered deposits $61,500
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $5,816,358
Cash & Balances due from depository institutions $279,694
Interest-bearing balances $221,669
Total securities $2,462,160
Federal funds sold & reverse repurchase $518
Net loans and leases $2,769,602
Loan and leases loss allowance $62,872
Trading account assets $0
Bank premises and fixed assets $152,905
Other real estate owned $0
Goodwill and other intangibles $22,419
All other assets $129,060

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $5,816,358
Total Liabilities $5,311,878
Total deposits $4,946,730
Interest-bearing deposits $3,329,961
Deposits held in domestic offices $4,946,730
% insured (estimated) $69
Federal funds purchased and repurchase agreements $140,457
Trading liabilities $0
Other borrowed funds $206,925
Subordinated debt $0
All other liabilities $17,766

Issued Loan Types

Type Value (in 000's)
Net loans and leases $2,769,602
Loan and leases loss allowance $62,872
Total loans and leases (domestic) $2,832,474
All real estate loans $2,392,109
Real estate loans in domestic offices $2,392,109
Construction and development loans $346,510
Residential 1-4 family construction $61,620
Other construction, all land development and other land $284,890
Loans secured by nonfarm nonresidential properties $985,736
Nonfarm nonresidential secured by owner-occupied properties $314,022
Commercial real estate & other non-farm, non-residential $671,714
Multifamily residential real estate $135,390
1-4 family residential loans $498,808
Farmland loans $425,665
Loans held in foreign offices $0
Farm loans $219,790
Commercial and industrial loans $161,264
To non-U.S. addressees $0
Loans to individuals $29,401
Credit card loans $0
Related Plans $4,327
Consumer Auto Loans $8,541
Other loans to individuals $16,533
All other loans & leases $29,911
Loans to foreign governments and official institutions $0
Other loans $2,328
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

Stockman Bank of Montana had $2,769,602,000 of loans outstanding in 2021. $2,392,109,000 of loans were in real estate loans. $346,510,000 of loans were in development loans. $135,390,000 of loans were in multifamily mortgage loans. $498,808,000 of loans were in 1-4 family mortgage loans. $219,790,000 of loans were in farm loans. $0 of loans were in credit card loans. $8,541,000 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 1,311 $287,358 $219,190
Nonfarm, nonresidential loans - <$100k 291 $12,047 $41,399
Nonfarm, nonresidential loans - $100-250k 434 $53,345 $122,915
Nonfarm, nonresidential loans - $250k-1MM 586 $221,966 $378,782
Commercial & Industrial, US addressed loans - <$1MM 1,736 $106,505 $61,351
Commercial & Industrial, US addressed loans - <$100k 1,391 $34,864 $25,064
Commercial & Industrial, US addressed loans - $100-250k 203 $24,985 $123,079
Commercial & Industrial, US addressed loans - $250k-1MM 142 $46,656 $328,563
Farmland loans - <$1MM 1,063 $142,554 $134,105
Farmland loans - <$100k 296 $13,039 $44,051
Farmland loans - $100-250k 449 $51,061 $113,722
Farmland loans - $250k-1MM 318 $78,454 $246,711
Agriculture operations loans - <$1MM 1,662 $84,198 $50,661
Agriculture operations loans - <$100k 1,216 $29,926 $24,610
Agriculture operations loans - $100-250k 254 $21,498 $84,638
Agriculture operations loans - $250k-1MM 192 $32,774 $170,698