Happy State Bank Mortgage Rates, Fees & Info

Happy, TX

LEI: 549300K83T0RO62KWB61

Tax ID: 75-0270470

4.2 stars - out of 5 stars, based on 40 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Happy State Bank is a smaller bank specializing in Home Purchase and Refi loans. Happy State Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Amarillo, Dallas, Lubbock, Austin, and Granbury among others. Happy State 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. Happy State Bank is typically an average fee lendor.


Originations

1,608

Origination Dollar Volume (All Markets)

$494,750,000

Employee count

851

Awards

Happy State Bank 30 Year Conventional Loans bronze Happy State Bank 30 Year Conventional Loans gold Happy State Bank VA Loans bronze
Show all (3) awards

Relative Rate

Happy State Bank's average 30 year fixed rate mortgage of loans were 3.36%.

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

This yields a difference of 0.21%.

Relative Fees

Happy State Bank's average total fees for a 30 year fixed rate mortgage are $4,936.

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
AMARILLO, TX (FHA|USDA|VA) 709 $165,825,000 $233,886 $4,732 3.62%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 223 $85,045,000 $381,368 $5,134 3.93%
LUBBOCK, TX (FHA|USDA|VA) 189 $45,765,000 $242,143 $4,236 4.04%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 23 $41,675,000 $1,811,957 $4,869 3.55%
Granbury, TX (FHA|USDA|VA) 4 $27,250,000 $6,812,500 $4,126 3.69%
Outside of Metro Areas 132 $26,090,000 $197,652 $4,225 3.88%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 30 $19,610,000 $653,667 $6,629 4.21%
Kerrville, TX (FHA|USDA|VA) 34 $10,220,000 $300,588 $4,294 3.36%
Borger, TX (FHA|USDA|VA) 48 $7,600,000 $158,333 $3,918 3.97%
Fredericksburg, TX (FHA|USDA|VA) 10 $5,300,000 $530,000 $5,438 2.98%
Plainview, TX (FHA|USDA|VA) 32 $4,770,000 $149,063 $3,938 4.00%
SHERMAN-DENISON, TX (FHA|USDA|VA) 20 $4,190,000 $209,500 $4,026 4.69%
Brenham, TX (FHA|USDA|VA) 1 $3,485,000 $3,485,000 $0 4.25%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 12 $3,260,000 $271,667 $3,897 4.56%
Pampa, TX (FHA|USDA|VA) 32 $3,210,000 $100,313 $3,892 4.36%
ABILENE, TX (FHA|USDA|VA) 19 $3,145,000 $165,526 $4,000 4.16%
Dumas, TX (FHA|USDA|VA) 18 $2,980,000 $165,556 $4,820 3.38%
MIDLAND, TX (FHA|USDA|VA) 4 $2,730,000 $682,500 $5,961 3.34%
Jennings, LA (FHA|USDA|VA) 1 $2,725,000 $2,725,000 $0 4.50%
Corsicana, TX (FHA|USDA|VA) 1 $2,615,000 $2,615,000 $0 4.75%
HAMMOND, LA (FHA|USDA|VA) 1 $2,405,000 $2,405,000 $0 4.50%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $1,805,000 $1,805,000 $7,680 2.75%
BATON ROUGE, LA (FHA|USDA|VA) 1 $1,725,000 $1,725,000 $0 4.50%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $1,685,000 $1,685,000 $0 4.25%
Athens, TX (FHA|USDA|VA) 2 $1,310,000 $655,000 $8,168 3.31%
WACO, TX (FHA|USDA|VA) 8 $1,300,000 $162,500 $0 4.93%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $1,295,000 $1,295,000 $0 4.75%
CORPUS CHRISTI, TX (FHA|USDA|VA) 2 $1,260,000 $630,000 $7,527 5.06%
SANTA FE, NM (FHA|USDA|VA) 2 $1,180,000 $590,000 $6,647 3.31%
SAN ANGELO, TX (FHA|USDA|VA) 2 $1,010,000 $505,000 $0 4.99%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $3,461 2.88%
Hereford, TX (FHA|USDA|VA) 5 $885,000 $177,000 $5,981 3.75%
Breckenridge, CO (FHA|USDA|VA) 1 $755,000 $755,000 $0 4.25%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $755,000 $755,000 $11,482 2.88%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $695,000 $695,000 $4,252 3.25%
ODESSA, TX (FHA|USDA|VA) 4 $690,000 $172,500 $5,275 3.06%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 2 $670,000 $335,000 $3,917 3.81%
Mineral Wells, TX (FHA|USDA|VA) 3 $665,000 $221,667 $0 4.75%
EL PASO, TX (FHA|USDA|VA) 1 $635,000 $635,000 $6,869 3.00%
Big Spring, TX (FHA|USDA|VA) 1 $495,000 $495,000 $5,467 2.88%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 2 $490,000 $245,000 $3,786 3.44%
Bonham, TX (FHA|USDA|VA) 2 $460,000 $230,000 $7,610 4.00%
Ruidoso, NM (FHA|USDA|VA) 1 $445,000 $445,000 $4,487 3.63%
TYLER, TX (FHA|USDA|VA) 2 $360,000 $180,000 $3,809 3.69%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $355,000 $355,000 $0 3.38%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $355,000 $355,000 $3,871 3.25%
Palestine, TX (FHA|USDA|VA) 1 $315,000 $315,000 $3,747 3.25%
BOISE CITY, ID (FHA|USDA|VA) 1 $305,000 $305,000 $0 3.38%
PROVO-OREM, UT (FHA|USDA|VA) 1 $275,000 $275,000 $2,926 3.38%
Andrews, TX (FHA|USDA|VA) 1 $255,000 $255,000 $4,783 3.25%
Stephenville, TX (FHA|USDA|VA) 1 $195,000 $195,000 $3,460 3.88%
WICHITA, KS (FHA|USDA|VA) 1 $195,000 $195,000 $0 4.50%
Hobbs, NM (FHA|USDA|VA) 3 $195,000 $65,000 $0 4.50%
Durant, OK (FHA|USDA|VA) 1 $175,000 $175,000 $0 4.50%
LAS CRUCES, NM (FHA|USDA|VA) 1 $145,000 $145,000 $4,878 2.75%
Stillwater, OK (FHA|USDA|VA) 1 $115,000 $115,000 $0 4.88%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.38%
Lamesa, TX (FHA|USDA|VA) 1 $105,000 $105,000 $6,162 2.75%
Gainesville, TX (FHA|USDA|VA) 1 $95,000 $95,000 $0 5.00%
Clovis, NM (FHA|USDA|VA) 1 $95,000 $95,000 $2,012 5.50%

Happy State Bank's top markets include Amarillo, Dallas, Lubbock, Austin, and Granbury among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 1,407 $456,295,000 $324,303 $4,099 3.94%
FHA 159 $28,255,000 $177,704 $6,935 2.94%
VA 30 $8,670,000 $289,000 $7,964 2.53%
USDA 12 $1,530,000 $127,500 $4,749 2.74%

For the 2021 period, Happy State Bank's most frequently originated loan type of loans were Conventional, with 1,407 originations. Their 2nd most popular type is FHA, with 159 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 1,105 $347,975,000 $314,910 $4,997 3.86%
Refi 313 $101,555,000 $324,457 $3,786 3.49%
Cash Out Refi 113 $26,295,000 $232,699 $4,503 3.48%
Home Improvement 53 $15,135,000 $285,566 $3,325 5.22%
Other 24 $3,790,000 $157,917 $3,921 4.09%

For the 2021, Happy State Bank's most frequently cited loan purpose of loans were Home Purchase, with 1,105 originations. The 2nd most popular reason of loans were Refi, with 313 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 856 $220,530,000 $257,629 $4,936 3.36%
15 Year 278 $47,740,000 $171,727 $3,619 3.66%
20 Year 142 $34,500,000 $242,958 $3,662 4.61%
1 Year 98 $23,450,000 $239,286 $0 4.98%
Other 94 $44,130,000 $469,468 $4,473 4.90%
10 Year 85 $55,775,000 $656,176 $2,498 4.49%
5 Year 53 $64,085,000 $1,209,151 $0 4.53%
3 Year 2 $4,540,000 $2,270,000 $0 4.50%

For the 2021, Happy State Bank's most frequently cited loan length of loans were 30 Year, with 856 originations. The 2nd most popular length of loans were 15 Year, with 278 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 899 $221,725,000 $246,635
$<1k 89 $14,065,000 $158,034
$2k-3k 29 $9,485,000 $327,069
$3k-4k 11 $4,705,000 $427,727
$5k+ 6 $4,290,000 $715,000

$4,936 of loans were Happy State Bank's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 899 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 477 $151,945,000 $318,543
4-5% 440 $184,060,000 $418,318
2.5-3% 369 $95,935,000 $259,986
<2.5% 139 $29,545,000 $212,554
5-6% 136 $28,500,000 $209,559
6-7% 45 $4,525,000 $100,556
7-8% 2 $240,000 $120,000

During 2021, Happy State Bank's average interest rate of loans were 3.36%, while their most frequently originated rate bucket of loans were 3-4%, with 477 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 591 $87,295,000 $147,707 $4,152 3.76%
$200k-400k 478 $132,790,000 $277,803 $5,135 3.45%
$100,000 or less 320 $21,900,000 $68,438 $3,140 4.45%
$400k-600k 110 $53,580,000 $487,091 $5,814 3.49%
$1MM+ 55 $159,155,000 $2,893,727 $8,945 4.32%
$600k-1MM 54 $40,030,000 $741,296 $7,096 3.83%

2021 saw Happy State Bank place emphasis on $100k-200k loans with 591 originations, totaling $87,295,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 245 $39,165,000 $159,857 $4,390 3.43%
$100k-150k 237 $60,135,000 $253,734 $4,551 3.25%
$75k-100k 184 $36,330,000 $197,446 $4,699 3.29%
$50k or less 166 $18,010,000 $108,494 $4,036 3.64%
$150k-250k 156 $48,580,000 $311,410 $4,835 3.46%
$250k+ 104 $60,170,000 $578,558 $6,248 3.46%

Happy State Bank lent most frequently to those with incomes in the $50k-75k range, with 245 originations. The second most popular income band? $100k-150k, with 237 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 234 $57,620,000 $246,239 $4,365 3.19%
30-36% 223 $51,955,000 $232,982 $4,615 3.17%
<20% 90 $23,260,000 $258,444 $4,175 3.09%
42% 52 $15,430,000 $296,731 $5,148 3.53%
39% 49 $12,035,000 $245,612 $4,331 3.35%
40% 48 $9,910,000 $206,458 $4,220 3.57%
44% 47 $11,025,000 $234,574 $4,766 3.43%
41% 43 $8,665,000 $201,512 $4,230 3.60%
38% 40 $10,380,000 $259,500 $5,208 3.50%
37% 39 $8,325,000 $213,462 $4,364 3.50%
36% 33 $10,035,000 $304,091 $5,289 3.31%
43% 32 $6,390,000 $199,688 $4,527 4.01%
48% 32 $6,920,000 $216,250 $5,236 3.73%
49% 31 $7,555,000 $243,710 $4,898 3.50%
50-60% 30 $6,640,000 $221,333 $7,080 2.85%
46% 23 $4,535,000 $197,174 $5,002 3.42%
47% 20 $5,420,000 $271,000 $4,828 3.19%
45% 14 $3,620,000 $258,571 $4,990 2.97%
>60% 1 $195,000 $195,000 $2,468 2.25%

Happy State Bank lent most frequently to those with DTI ratios of 20-30%, with 234 originations. The next most common DTI ratio? 30-36%, with 223 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 935 $224,575,000 $240,187 $4,626 3.38%
Not applicable 474 $222,530,000 $469,473 $5,931 4.80%
Not provided 150 $34,030,000 $226,867 $4,615 3.45%
Asian 23 $6,045,000 $262,826 $4,464 3.18%
Black 16 $4,770,000 $298,125 $6,159 3.90%
American Indian 5 $1,135,000 $227,000 $4,417 3.85%
Filipino 1 $755,000 $755,000 $11,482 2.88%
Asian Indian 3 $655,000 $218,333 $4,312 3.88%
Other Asian 1 $255,000 $255,000 $8,515 2.50%

Approval Rates

Total approvals of all applications
91.81%

Happy State Bank has an average approval rate.

Pick Rate

Approvals leading to origination
74.81%

Happy State Bank has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 1,608 $494,750,000 $307,680

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
1,608 $494,750,000 $307,680

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 67 $18,825,000 $280,970 $3,885 3.75%
40-60% 216 $96,860,000 $448,426 $4,010 3.83%
60-80% 666 $226,460,000 $340,030 $4,172 4.05%
80-100% 629 $142,655,000 $226,797 $5,049 3.53%
Over 100% 11 $3,095,000 $281,364 $11,539 3.26%
Under 20% 17 $5,985,000 $352,059 $2,645 5.07%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Happy State Bank 210 North Broadway Post, TX 79356 Full Service B&M $49,014
Happy State Bank 125 South Austin Street Tulia, TX 79088 Full Service B&M $80,231
Happy State Bank 1322 River Terrace New Braunfels, TX 78130 Full Service B&M $19,068
Happy State Bank 100 East Main Street Happy, TX 79042 Full Service B&M $38,783
Happy State Bank 1000 S. Buchanan Street Amarillo, TX 79101 Full Service B&M $16,319
Happy State Bank 101 S. Wheeler St Mobeetie, TX 79061 Full Service B&M $39,036
Happy State Bank 102 N. Main Street Stratford, TX 79084 Full Service B&M $54,504
Happy State Bank 1025 Main St. Matador, TX 79244 Full Service B&M $20,900
Happy State Bank 103 Texas Avenue Slaton, TX 79364 Full Service B&M $60,170
Happy State Bank 105 South Wall Floydada, TX 79235 Full Service B&M $12,604
Happy State Bank 110 N. 25 Mile Ave Hereford, TX 79045 Full Service B&M $54,658
Happy State Bank 111 North Street Texline, TX 79087 Full Service B&M $16,618
Happy State Bank 1125 North Hobart Street Pampa, TX 79065 Full Service B&M $125,190
Happy State Bank 1145 Junction Highway Kerrville, TX 78028 Full Service B&M $212,771
Happy State Bank 115 Third Street Bovina, TX 79009 Full Service B&M $14,031
Happy State Bank 4411 98th Street Lubbock, TX 79424 Full Service B&M $218,558
Happy State Bank 500 Main Street Silverton, TX 79257 Full Service B&M $39,547
Happy State Bank 500 Tascosa Road Amarillo, TX 79124 Full Service B&M $71,451
Happy State Bank 5050 South Western Street Amarillo, TX 79109 Full Service Retail $47,106
Happy State Bank 5100 S. Coulter Amarillo, TX 79109 Full Service B&M $80,040
Happy State Bank 612 Main Street Olton, TX 79064 Full Service B&M $34,977
Happy State Bank 621 Noel Street Memphis, TX 79245 Full Service B&M $15,186
Happy State Bank 6602 Quaker Avenue Lubbock, TX 79413 Full Service B&M $62,927
Happy State Bank 700 Central Expressway S., Suite 120 Allen, TX 75013 Full Service B&M $54,124
Happy State Bank 701 S. Taylor Amarillo, TX 79101 Full Service B&M $1,084,435
Happy State Bank 710 South Adams St Fredericksburg, TX 78624 Full Service B&M $54,750
Happy State Bank 711 North Main Street Shamrock, TX 79079 Full Service B&M $58,578
Happy State Bank 7207 82nd Street Lubbock, TX 79424 Full Service B&M $17,750
Happy State Bank 800 S. Dumas Avenue Dumas, TX 79029 Full Service B&M $257,680
Happy State Bank 215 West Bedford Dimmitt, TX 79027 Full Service B&M $16,124
Happy State Bank 221 Main Street White Deer, TX 79097 Full Service B&M $10,971
Happy State Bank 2525 Ridgmar Blvd Fort Worth, TX 76116 Full Service B&M $137,862
Happy State Bank 2614 S. Georgia Street Amarillo, TX 79109 Full Service B&M $46,238
Happy State Bank 3110 Olton Rd Plainview, TX 79072 Full Service B&M $190,213
Happy State Bank 312 E 2nd Street Dalhart, TX 79022 Full Service B&M $34,145
Happy State Bank 3134 Bell Street Amarillo, TX 79109 Full Service B&M $55,361
Happy State Bank 3201 Olton Road Plainview, TX 79072 Full Service B&M $214,333
Happy State Bank 3423 Soncy Road Amarillo, TX 79121 Full Service B&M $264,571
Happy State Bank 3503 Ne 24th Avenue Amarillo, TX 79107 Full Service B&M $1,421
Happy State Bank 416 Main Sunray, TX 79086 Full Service B&M $49,185
Happy State Bank 4214 Southwest 45th Amarillo, TX 79109 Full Service B&M $63,497
Happy State Bank 424 Broadway Hart, TX 79043 Full Service B&M $33,497
Happy State Bank 4402 19th Street Lubbock, TX 79407 Full Service B&M $77,245
Happy State Bank 901 South Mopac Expressway, Building Two, Suite 525 Austin, TX 78746 Full Service B&M $24,178
Happy State Bank 904 Avenue O Lubbock, TX 79401 Full Service B&M $1,070
Happy State Bank Highway 83 Wheeler, TX 79096 Full Service B&M $38,794
Happy State Bank One Village Drive, Suite 100 Abilene, TX 79606 Full Service B&M $59,902
Happy State Bank Third And Euclid Streets Panhandle, TX 79068 Full Service B&M $107,234
Happy State Bank West First Street And Avenue B Muleshoe, TX 79347 Full Service B&M $77,838
Happy State Bank 1431 West Wilson Street Borger, TX 79007 Full Service B&M $65,013
Happy State Bank 1600 S. Fairfield Street Amarillo, TX 79104 Full Service B&M $3,383
Happy State Bank 1601 S 1st St Tahoka, TX 79373 Full Service B&M $52,383
Happy State Bank 16633 Dallas Parkway, Suite 350 Addison, TX 75001 Full Service B&M $217,532
Happy State Bank 1689 River Road Boerne, TX 78006 Full Service B&M $19,339
Happy State Bank 1901 Central Dr, Suite 200 Bedford, TX 76021 Full Service B&M $85,099
Happy State Bank 1908 4th Avenue Canyon, TX 79015 Full Service B&M $202,626
Happy State Bank 200 Main Street Canadian, TX 79014 Full Service B&M $207,668
Happy State Bank 201 Main Street Turkey, TX 79261 Full Service B&M $5,414
Happy State Bank 201 North Main Street Lockney, TX 79241 Full Service B&M $37,720
Happy State Bank 207 Sidney Baker Street South, Suite C Kerrville, TX 78028 Full Service B&M $2,695
Happy State Bank 21 North Main Street Higgins, TX 79046 Full Service B&M $23,790

For 2021, Happy State Bank had 61 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $229,477
Net interest income $219,285
Total noninterest income $47,280
Gross Fiduciary activities income $10,695
Service charges on deposit accounts $11,660
Trading account gains and fees $0
Additional Noninterest Income $24,925
Pre-tax net operating income $122,281
Securities gains (or losses, -) $693
Income before extraordinary items $100,294
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $100,294
Minority interest net income $0
Net income $100,294
Sale, conversion, retirement of capital stock, net $0
Net operating income $99,725

Happy State Bank's gross interest income from loans was $229,477,000.
Happy State Bank's net interest income from loans was $219,285,000.
Happy State Bank's fee based income from loans was $11,660,000.
Happy State Bank's net income from loans was $100,294,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $10,192
Provision for credit losses $-10,620
Total noninterest expense $154,904
Salaries and employee benefits $92,665
Premises and equipment expense $18,617
Additional noninterest expense $43,622
Applicable income taxes $22,680
Net charge-offs $3,011
Cash dividends $180,000

Happy State Bank's interest expense for loans was $10,192,000.
Happy State Bank's payroll and benefits expense were $92,665,000.
Happy State Bank's property, plant and equipment expenses $18,617,000.

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 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 $6,031,346
Deposits held in domestic offices $6,031,346
Deposits by Individuals, partnerships, and corporations $5,648,315
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $375,157
Deposits by Commercial banks and other depository institutions in U.S. $7,874
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $4,238,345
Demand deposits $4,238,345
Nontransaction accounts $1,793,001
Money market deposit accounts (MMDAs) $880,369
Other savings deposits (excluding MMDAs) $512,541
Total time deposits $400,093
Total time and savings deposits $1,793,001
Noninterest-bearing deposits $2,077,257
Interest-bearing deposits $3,954,089
Retail deposits $5,418,509
IRAs and Keogh plan accounts $32,910
Brokered deposits $475,108
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $6,804,039
Cash & Balances due from depository institutions $966,793
Interest-bearing balances $862,469
Total securities $1,754,113
Federal funds sold & reverse repurchase $0
Net loans and leases $3,611,323
Loan and leases loss allowance $41,224
Trading account assets $0
Bank premises and fixed assets $143,799
Other real estate owned $193
Goodwill and other intangibles $140,874
All other assets $186,944

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $6,804,039
Total Liabilities $6,140,680
Total deposits $6,031,346
Interest-bearing deposits $3,954,089
Deposits held in domestic offices $6,031,346
% insured (estimated) $49
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $74,322
Subordinated debt $0
All other liabilities $35,012

Issued Loan Types

Type Value (in 000's)
Net loans and leases $3,611,323
Loan and leases loss allowance $41,224
Total loans and leases (domestic) $3,652,547
All real estate loans $2,590,871
Real estate loans in domestic offices $2,590,871
Construction and development loans $581,041
Residential 1-4 family construction $171,570
Other construction, all land development and other land $409,471
Loans secured by nonfarm nonresidential properties $1,184,087
Nonfarm nonresidential secured by owner-occupied properties $455,393
Commercial real estate & other non-farm, non-residential $728,694
Multifamily residential real estate $165,795
1-4 family residential loans $484,363
Farmland loans $175,585
Loans held in foreign offices $0
Farm loans $329,417
Commercial and industrial loans $686,531
To non-U.S. addressees $0
Loans to individuals $33,761
Credit card loans $0
Related Plans $1,399
Consumer Auto Loans $14,961
Other loans to individuals $17,401
All other loans & leases $11,967
Loans to foreign governments and official institutions $0
Other loans $1,554
Loans to depository institutions and acceptances of other banks $0
Loans not secured by real estate $54,179
Loans secured by real estate to non-U.S. addressees $187
Restructured Loans & leases $0
Non 1-4 family restructured loans & leases $0
Total loans and leases (foreign) $0

Happy State Bank had $3,611,323,000 of loans outstanding in 2021. $2,590,871,000 of loans were in real estate loans. $581,041,000 of loans were in development loans. $165,795,000 of loans were in multifamily mortgage loans. $484,363,000 of loans were in 1-4 family mortgage loans. $329,417,000 of loans were in farm loans. $0 of loans were in credit card loans. $14,961,000 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 1,113 $269,247 $241,911
Nonfarm, nonresidential loans - <$100k 249 $11,140 $44,739
Nonfarm, nonresidential loans - $100-250k 360 $48,372 $134,367
Nonfarm, nonresidential loans - $250k-1MM 504 $209,735 $416,141
Commercial & Industrial, US addressed loans - <$1MM 4,662 $304,354 $65,284
Commercial & Industrial, US addressed loans - <$100k 3,439 $81,851 $23,801
Commercial & Industrial, US addressed loans - $100-250k 692 $69,341 $100,204
Commercial & Industrial, US addressed loans - $250k-1MM 531 $153,162 $288,441
Farmland loans - <$1MM 290 $38,578 $133,028
Farmland loans - <$100k 104 $4,109 $39,510
Farmland loans - $100-250k 122 $15,887 $130,221
Farmland loans - $250k-1MM 64 $18,582 $290,344
Agriculture operations loans - <$1MM 1,127 $71,142 $63,125
Agriculture operations loans - <$100k 746 $17,936 $24,043
Agriculture operations loans - $100-250k 237 $21,841 $92,156
Agriculture operations loans - $250k-1MM 144 $31,365 $217,813