Happy State Bank Mortgage Rates, Fees & Info

Happy, TX

LEI: 549300K83T0RO62KWB61

Tax ID: 75-0270470

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

    Happy State Bank is a smaller bank specializing in Home Purchase 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 by origination volume include: Dallas, Amarillo, Lubbock, Houston, and Borger among others. We have data for 45 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Happy State 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. Happy State 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 about average 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

    1,088

    Origination Dollar Volume (All Markets)

    $268,570,000

    Employee count

    729 Show all (11) awards

    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
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 222 $94,960,000 $427,748 $5,163 5.31%
    AMARILLO, TX (FHA|USDA|VA) 458 $91,830,000 $200,502 $4,393 5.07%
    LUBBOCK, TX (FHA|USDA|VA) 109 $23,635,000 $216,835 $4,483 5.08%
    Outside of Metro Areas 74 $9,770,000 $132,027 $4,068 5.00%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 8 $6,590,000 $823,750 $4,713 5.23%
    Borger, TX (FHA|USDA|VA) 54 $5,150,000 $95,370 $3,604 5.19%
    Corsicana, TX (FHA|USDA|VA) 2 $4,770,000 $2,385,000 $0 5.50%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 2 $4,010,000 $2,005,000 $5,064 4.04%
    Pampa, TX (FHA|USDA|VA) 34 $3,850,000 $113,235 $2,985 5.37%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 10 $2,900,000 $290,000 $0 6.10%
    Breckenridge, CO (FHA|USDA|VA) 1 $2,795,000 $2,795,000 $0 6.00%
    Plainview, TX (FHA|USDA|VA) 24 $2,710,000 $112,917 $3,511 5.50%
    Dumas, TX (FHA|USDA|VA) 19 $2,685,000 $141,316 $3,401 4.93%
    ABILENE, TX (FHA|USDA|VA) 15 $2,115,000 $141,000 $3,893 5.52%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $1,155,000 $1,155,000 $0 6.00%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 7 $1,005,000 $143,571 $5,065 5.84%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 3 $795,000 $265,000 $3,240 4.25%
    Hereford, TX (FHA|USDA|VA) 7 $775,000 $110,714 $4,256 4.70%
    MIDLAND, TX (FHA|USDA|VA) 3 $725,000 $241,667 $6,590 6.13%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $550,000 $275,000 $0 5.75%
    Fredericksburg, TX (FHA|USDA|VA) 2 $550,000 $275,000 $3,912 4.81%
    WACO, TX (FHA|USDA|VA) 3 $535,000 $178,333 $3,747 5.21%
    Edwards, CO (FHA|USDA|VA) 1 $405,000 $405,000 $3,320 3.63%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $395,000 $395,000 $0 7.00%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 2 $380,000 $190,000 $3,588 4.50%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $315,000 $315,000 $9,489 3.50%
    TULSA, OK (FHA|USDA|VA) 1 $295,000 $295,000 $3,173 5.63%
    SAN ANGELO, TX (FHA|USDA|VA) 2 $280,000 $140,000 $0 6.00%
    Granbury, TX (FHA|USDA|VA) 1 $245,000 $245,000 $6,781 3.88%
    Ruidoso, NM (FHA|USDA|VA) 1 $225,000 $225,000 $2,187 4.50%
    Lamesa, TX (FHA|USDA|VA) 2 $210,000 $105,000 $5,757 4.44%
    Mineral Wells, TX (FHA|USDA|VA) 1 $205,000 $205,000 $3,718 4.50%
    MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $195,000 $195,000 $3,464 4.63%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $185,000 $185,000 $3,415 4.50%
    Gainesville, TX (FHA|USDA|VA) 2 $170,000 $85,000 $0 6.00%
    Athens, TX (FHA|USDA|VA) 1 $165,000 $165,000 $4,019 4.50%
    LAS CRUCES, NM (FHA|USDA|VA) 1 $165,000 $165,000 $5,813 3.50%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $155,000 $155,000 $0 6.00%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $135,000 $135,000 $2,591 4.88%
    MANHATTAN, KS (FHA|USDA|VA) 1 $125,000 $125,000 $2,563 3.75%
    Levelland, TX (FHA|USDA|VA) 2 $120,000 $60,000 $3,752 4.75%
    Snyder, TX (FHA|USDA|VA) 1 $115,000 $115,000 $3,462 4.13%
    Carlsbad-Artesia, NM (FHA|USDA|VA) 1 $105,000 $105,000 $0 6.25%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $95,000 $95,000 $0 5.25%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $25,000 $25,000 $0 5.25%
    Happy State Bank's top markets include Dallas, Amarillo, Lubbock, Houston, and Borger among others.

    Their top states include:
  • Texas (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • New Mexico (FHA|USDA|VA)

    • Similar Lenders

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

    AMARILLO COMMUNITY
    Similarity Rank: 85
    SMART CHOICE MORTGAGE, A TEXAS LIMITED LIABILITY C
    Similarity Rank: 459
    Alliance Credit Union
    Similarity Rank: 494
    Southwest Bank
    Similarity Rank: 588
    AAXY L.L.C.
    Similarity Rank: 848
    UNIVERSAL LENDING CORPORATION
    Similarity Rank: 897
    CAPITAL PLUS FINANCIAL, LLC
    Similarity Rank: 1038
    AIMBank
    Similarity Rank: 1054
    SOUTHERN LENDING SERVICES, LTD.
    Similarity Rank: 1120
    Resource One Credit Union
    Similarity Rank: 1140

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 916 $240,060,000 $262,074 $3,807 5.38%
    FHA 129 $20,645,000 $160,039 $6,362 3.96%
    VA 27 $6,215,000 $230,185 $5,976 3.97%
    USDA 16 $1,650,000 $103,125 $4,159 3.94%

    For 2019, Happy State Bank's most frequently originated type of loan was Conventional, with 916 originations. Their 2nd most popular type was FHA, with 129 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 880 $220,090,000 $250,102 $4,551 5.06%
    Refi 94 $31,790,000 $338,191 $3,938 5.57%
    Home Improvement 52 $5,430,000 $104,423 $2,620 6.02%
    Cash Out Refi 41 $8,995,000 $219,390 $4,123 4.90%
    Other 21 $2,265,000 $107,857 $2,335 5.65%

    For 2019, Happy State Bank's most frequently cited loan purpose was Home Purchase, with 880 originations. The 2nd most popular reason was Refi, with 94 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 603 $125,885,000 $208,765 $4,572 4.59%
    15 Year 191 $34,315,000 $179,660 $3,585 5.55%
    1 Year 90 $17,340,000 $192,667 $0 6.10%
    20 Year 86 $17,560,000 $204,186 $3,164 5.91%
    Other 62 $35,900,000 $579,032 $5,588 6.31%
    10 Year 41 $32,955,000 $803,780 $2,381 5.71%
    5 Year 11 $3,485,000 $316,818 $0 6.48%
    3 Year 4 $1,130,000 $282,500 $0 6.69%

    For 2019, Happy State Bank's most frequently cited loan duration was 30 Year, with 603 originations. The 2nd most popular length was 15 Year, with 191 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 485 $97,515,000 $201,062
    $1k-2k 184 $39,840,000 $216,522
    $2k-3k 17 $4,155,000 $244,412
    $3k-4k 7 $1,905,000 $272,143
    $5k+ 4 $1,950,000 $487,500
    $4k-5k 2 $1,130,000 $565,000

    Happy State Bank's average total fees were $4,572, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 485 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 312 $109,900,000 $352,244
    3-4% 271 $57,045,000 $210,498
    4-5% 245 $53,995,000 $220,388
    6-7% 237 $45,445,000 $191,751
    7-8% 22 $2,050,000 $93,182
    2.5-3% 1 $135,000 $135,000

    During 2019, Happy State Bank's average interest rate for loans was 4.59%, while their most frequently originated rate bucket for loans was 5-6%, with 312 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 401 $59,945,000 $149,489 $4,257 4.91%
    $100,000 or less 303 $19,795,000 $65,330 $2,846 5.68%
    $200k-400k 287 $78,145,000 $272,282 $4,984 4.93%
    $400k-600k 52 $24,630,000 $473,654 $6,018 4.77%
    $1MM+ 24 $69,880,000 $2,911,667 $10,625 5.63%
    $600k-1MM 21 $16,175,000 $770,238 $7,321 5.54%

    2019 saw Happy State Bank place emphasis on $100k-200k loans with 401 originations, totaling $59,945,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 163 $24,275,000 $148,926 $4,350 4.51%
    $100k-150k 155 $33,205,000 $214,226 $4,463 4.68%
    $50k or less 152 $14,790,000 $97,303 $3,402 5.05%
    $75k-100k 130 $22,560,000 $173,538 $4,401 4.52%
    $150k-250k 83 $24,175,000 $291,265 $4,965 4.50%
    $250k+ 58 $32,900,000 $567,241 $5,706 4.72%

    Happy State Bank lent most frequently to those with incomes in the $50k-75k range, with 163 originations. The second most popular income band? $100k-150k, with 155 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 152 $31,850,000 $209,539 $4,240 4.36%
    30-36% 139 $28,475,000 $204,856 $4,397 4.63%
    <20% 44 $12,330,000 $280,227 $4,108 4.49%
    44% 42 $8,320,000 $198,095 $4,286 5.14%
    40% 39 $8,315,000 $213,205 $4,194 4.87%
    42% 38 $7,400,000 $194,737 $4,074 4.99%
    39% 34 $7,760,000 $228,235 $4,065 4.68%
    43% 30 $5,980,000 $199,333 $4,055 4.76%
    37% 29 $5,255,000 $181,207 $4,169 4.97%
    41% 27 $5,225,000 $193,519 $4,079 5.02%
    38% 26 $5,440,000 $209,231 $4,518 4.68%
    36% 23 $4,795,000 $208,478 $4,519 4.91%
    45% 22 $4,020,000 $182,727 $4,514 4.31%
    47% 21 $3,985,000 $189,762 $4,972 4.21%
    49% 20 $3,570,000 $178,500 $4,813 4.10%
    46% 17 $3,505,000 $206,176 $4,305 4.50%
    50-60% 15 $2,505,000 $167,000 $6,272 3.86%
    48% 14 $2,580,000 $184,286 $5,506 4.60%
    >60% 2 $540,000 $270,000 $7,393 3.56%

    Happy State Bank lent most frequently to those with DTI ratios of 20-30%, with 152 originations. The next most common DTI ratio? 30-36%, with 139 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 661 $135,545,000 $205,061 $4,373 4.63%
    Not applicable 329 $113,445,000 $344,818 $0 6.28%
    Not provided 58 $11,800,000 $203,448 $4,376 4.73%
    Asian 17 $2,235,000 $131,471 $3,495 4.77%
    Other Asian 4 $2,070,000 $517,500 $5,388 6.00%
    Black 12 $1,970,000 $164,167 $4,483 5.42%
    American Indian 5 $955,000 $191,000 $4,421 4.73%
    Native Hawaiian or Islander 1 $355,000 $355,000 $9,348 4.00%
    Chinese 1 $195,000 $195,000 $3,464 4.63%

    Approval Rates

    Total approvals of all applications
    90.11%

    Happy State Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    73.16%

    Happy State Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,088 $268,570,000 $246,847

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 9 $29,755,000 $3,306,111
    Multifamily:Site-Built 33 $35,455,000 $1,074,394
    Single Family (1-4 Units):Manufactured 1 $155,000 $155,000
    Single Family (1-4 Units):Site-Built 1,045 $203,205,000 $194,455

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 42 $4,940,000 $117,619 $2,664 5.20%
    40-60% 77 $22,005,000 $285,779 $4,145 5.28%
    60-80% 379 $117,625,000 $310,356 $4,068 5.62%
    80-100% 561 $115,015,000 $205,018 $4,582 4.79%
    Over 100% 8 $1,890,000 $236,250 $10,227 4.88%
    Under 20% 21 $7,095,000 $337,857 $1,764 6.01%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Happy State Bank 110 N. 25 Mile Ave Hereford, TX 79045 Full Service B&M $40,935
    Happy State Bank 111 North Street Texline, TX 79087 Full Service B&M $13,066
    Happy State Bank 1125 North Hobart Street Pampa, TX 79065 Full Service B&M $117,280
    Happy State Bank 100 East Main Street Happy, TX 79042 Full Service B&M $31,154
    Happy State Bank 1000 S. Buchanan Street Amarillo, TX 79101 Full Service B&M $10,065
    Happy State Bank 102 N. Main Street Stratford, TX 79084 Full Service B&M $40,636
    Happy State Bank 1025 Main St. Matador, TX 79244 Full Service B&M $16,294
    Happy State Bank 105 South Wall Floydada, TX 79235 Full Service B&M $10,283
    Happy State Bank 1431 West Wilson Street Borger, TX 79007 Full Service B&M $51,801
    Happy State Bank 16633 Dallas Parkway, Suite 350 Addison, TX 75001 Full Service B&M $100,064
    Happy State Bank 1901 Central Drive Bedford, TX 76021 Full Service B&M $15,062
    Happy State Bank 1908 4th Avenue Canyon, TX 79015 Full Service B&M $157,380
    Happy State Bank 200 Main Street Canadian, TX 79014 Full Service B&M $177,997
    Happy State Bank 201 Main Street Turkey, TX 79261 Full Service B&M $3,424
    Happy State Bank 201 North Main Street Lockney, TX 79241 Full Service B&M $31,119
    Happy State Bank 21 North Main Street Higgins, TX 79046 Full Service B&M $19,454
    Happy State Bank 221 Main Street White Deer, TX 79097 Full Service B&M $8,370
    Happy State Bank 2525 Ridgmar Blvd Fort Worth, TX 76116 Full Service B&M $48,916
    Happy State Bank 2614 S. Georgia Street Amarillo, TX 79109 Full Service B&M $35,673
    Happy State Bank 3110 Olton Rd Plainview, TX 79072 Full Service B&M $129,901
    Happy State Bank 312 E 2nd Street Dalhart, TX 79022 Full Service B&M $31,689
    Happy State Bank 3134 Bell Street Amarillo, TX 79109 Full Service B&M $41,149
    Happy State Bank 3423 Soncy Road Amarillo, TX 79121 Full Service B&M $155,347
    Happy State Bank 416 Main Sunray, TX 79086 Full Service B&M $40,057
    Happy State Bank 4214 Southwest 45th Amarillo, TX 79109 Full Service B&M $48,460
    Happy State Bank 4402 19th Street Lubbock, TX 79407 Full Service B&M $52,800
    Happy State Bank 4411 98th Street Lubbock, TX 79424 Full Service B&M $110,720
    Happy State Bank 500 Main Street Silverton, TX 79257 Full Service B&M $34,674
    Happy State Bank 500 Tascosa Road Amarillo, TX 79124 Full Service B&M $60,325
    Happy State Bank 5050 South Western Street Amarillo, TX 79109 Full Service Retail $37,123
    Happy State Bank 5100 S. Coulter Amarillo, TX 79109 Full Service B&M $58,367
    Happy State Bank 612 Main Street Olton, TX 79064 Full Service B&M $24,421
    Happy State Bank 621 Noel Street Memphis, TX 79245 Full Service B&M $10,728
    Happy State Bank 700 Central Expressway S., Suite 120 Allen, TX 75013 Full Service B&M $35,758
    Happy State Bank 701 S. Taylor Amarillo, TX 79101 Full Service B&M $765,701
    Happy State Bank 711 North Main Street Shamrock, TX 79079 Full Service B&M $53,372
    Happy State Bank 800 S. Dumas Avenue Dumas, TX 79029 Full Service B&M $141,752
    Happy State Bank One Village Drive, Suite 100 Abilene, TX 79606 Full Service B&M $31,940
    Happy State Bank Third And Euclid Streets Panhandle, TX 79068 Full Service B&M $90,000

    For 2019, Happy State Bank had 39 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $168,679
    Net interest income $139,369
    Total noninterest income $32,516
    Gross Fiduciary activities income $7,765
    Service charges on deposit accounts $10,724
    Trading account gains and fees $0
    Additional Noninterest Income $14,027
    Pre-tax net operating income $50,451
    Securities gains (or losses, -) $6,332
    Income before extraordinary items $47,618
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $47,618
    Minority interest net income $0
    Net income $47,618
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $42,299

    Happy State Bank's gross interest income from loans was $168,679,000.
    Happy State Bank's net interest income from loans was $139,369,000.
    Happy State Bank's fee based income from loans was $10,724,000.
    Happy State Bank's net income from loans was $47,618,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $29,310
    Provision for credit losses $8,650
    Total noninterest expense $112,784
    Salaries and employee benefits $67,176
    Premises and equipment expense $12,423
    Additional noninterest expense $33,185
    Applicable income taxes $9,165
    Net charge-offs $7,478
    Cash dividends $4,259

    Happy State Bank's interest expense for loans was $29,310,000.
    Happy State Bank's payroll and benefits expense were $67,176,000.
    Happy State Bank's property, plant and equipment expenses $12,423,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 1.0%
    Multifamily residential loans 1.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 2.0%
    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 7.0%

    Deposits

    Type Value (in 000's)
    Total deposits $3,076,728
    Deposits held in domestic offices $3,076,728
    Deposits by Individuals, partnerships, and corporations $2,825,812
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $243,649
    Deposits by Commercial banks and other depository institutions in U.S. $7,268
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $16,106
    Demand deposits $16,106
    Nontransaction accounts $3,060,623
    Money market deposit accounts (MMDAs) $377,745
    Other savings deposits (excluding MMDAs) $2,361,414
    Total time deposits $321,463
    Total time and savings deposits $3,060,623
    Noninterest-bearing deposits $885,907
    Interest-bearing deposits $2,190,821
    Retail deposits $2,543,104
    IRAs and Keogh plan accounts $19,854
    Brokered deposits $414,942
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $3,824,411
    Cash & Balances due from depository institutions $219,746
    Interest-bearing balances $129,219
    Total securities $659,188
    Federal funds sold & reverse repurchase $0
    Net loans and leases $2,619,786
    Loan and leases loss allowance $34,152
    Trading account assets $0
    Bank premises and fixed assets $109,645
    Other real estate owned $1,455
    Goodwill and other intangibles $56,476
    All other assets $158,115

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $3,824,411
    Total Liabilities $3,231,338
    Total deposits $3,076,728
    Interest-bearing deposits $2,190,821
    Deposits held in domestic offices $3,076,728
    % insured (estimated) $62
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $131,636
    Subordinated debt $0
    All other liabilities $22,974

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $2,619,786
    Loan and leases loss allowance $34,152
    Total loans and leases (domestic) $2,653,938
    All real estate loans $1,788,321
    Real estate loans in domestic offices $1,788,321
    Construction and development loans $296,525
    Residential 1-4 family construction $83,184
    Other construction, all land development and other land $213,341
    Loans secured by nonfarm nonresidential properties $805,066
    Nonfarm nonresidential secured by owner-occupied properties $294,833
    Commercial real estate & other non-farm, non-residential $510,233
    Multifamily residential real estate $150,762
    1-4 family residential loans $365,366
    Farmland loans $170,602
    Loans held in foreign offices $0
    Farm loans $260,281
    Commercial and industrial loans $550,555
    To non-U.S. addressees $0
    Loans to individuals $31,135
    Credit card loans $0
    Related Plans $1,426
    Consumer Auto Loans $14,840
    Other loans to individuals $14,869
    All other loans & leases $23,647
    Loans to foreign governments and official institutions $0
    Other loans $1,875
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $72,156
    Loans secured by real estate to non-U.S. addressees $267
    Restructured Loans & leases $19
    Non 1-4 family restructured loans & leases $19
    Total loans and leases (foreign) $0

    Happy State Bank had $2,619,786,000 of loans outstanding in 2019. $1,788,321,000 of loans were in real estate loans. $296,525,000 of loans were in development loans. $150,762,000 of loans were in multifamily mortgage loans. $365,366,000 of loans were in 1-4 family mortgage loans. $260,281,000 of loans were in farm loans. $0 of loans were in credit card loans. $14,840,000 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 815 $176,586 $216,670
    Nonfarm, nonresidential loans - <$100k 214 $9,391 $43,883
    Nonfarm, nonresidential loans - $100-250k 272 $36,440 $133,971
    Nonfarm, nonresidential loans - $250k-1MM 329 $130,755 $397,432
    Commercial & Industrial, US addressed loans - <$1MM 2,879 $210,471 $73,106
    Commercial & Industrial, US addressed loans - <$100k 1,997 $50,320 $25,198
    Commercial & Industrial, US addressed loans - $100-250k 513 $53,988 $105,240
    Commercial & Industrial, US addressed loans - $250k-1MM 369 $106,163 $287,705
    Farmland loans - <$1MM 196 $26,467 $135,036
    Farmland loans - <$100k 72 $2,762 $38,361
    Farmland loans - $100-250k 74 $9,518 $128,622
    Farmland loans - $250k-1MM 50 $14,187 $283,740
    Agriculture operations loans - <$1MM 931 $56,122 $60,281
    Agriculture operations loans - <$100k 608 $15,108 $24,849
    Agriculture operations loans - $100-250k 207 $19,784 $95,575
    Agriculture operations loans - $250k-1MM 116 $21,230 $183,017