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 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 by origination volume include: Amarillo, Dallas, Lubbock, Austin, and Houston among others. We have data for 56 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.

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    Originations

    1,691

    Origination Dollar Volume (All Markets)

    $529,975,000

    Employee count

    893 Show all (10) 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
    AMARILLO, TX (FHA|USDA|VA) 766 $161,670,000 $211,057 $4,192 3.78%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 304 $121,630,000 $400,099 $4,574 3.92%
    LUBBOCK, TX (FHA|USDA|VA) 172 $69,250,000 $402,616 $4,551 4.13%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 19 $38,145,000 $2,007,632 $4,746 3.82%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 9 $35,115,000 $3,901,667 $7,129 4.44%
    Granbury, TX (FHA|USDA|VA) 9 $15,965,000 $1,773,889 $5,044 4.44%
    Outside of Metro Areas 90 $12,310,000 $136,778 $3,927 4.23%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 35 $10,245,000 $292,714 $5,306 5.01%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 4 $9,270,000 $2,317,500 $4,084 4.40%
    Borger, TX (FHA|USDA|VA) 63 $7,975,000 $126,587 $3,717 3.79%
    ABILENE, TX (FHA|USDA|VA) 27 $4,325,000 $160,185 $4,796 4.24%
    Kerrville, TX (FHA|USDA|VA) 14 $4,150,000 $296,429 $4,076 2.94%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 20 $3,860,000 $193,000 $5,967 4.52%
    Corsicana, TX (FHA|USDA|VA) 2 $3,680,000 $1,840,000 $3,496 4.19%
    Dumas, TX (FHA|USDA|VA) 26 $3,670,000 $141,154 $3,877 4.14%
    Plainview, TX (FHA|USDA|VA) 29 $3,535,000 $121,897 $3,678 4.18%
    Pampa, TX (FHA|USDA|VA) 35 $3,005,000 $85,857 $3,215 4.56%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $2,700,000 $1,350,000 $0 4.75%
    MIDLAND, TX (FHA|USDA|VA) 5 $1,835,000 $367,000 $4,532 3.45%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $1,655,000 $1,655,000 $0 5.00%
    VICTORIA, TX (FHA|USDA|VA) 2 $1,380,000 $690,000 $4,156 5.75%
    Edwards, CO (FHA|USDA|VA) 2 $1,280,000 $640,000 $3,357 3.31%
    Hereford, TX (FHA|USDA|VA) 10 $1,210,000 $121,000 $4,178 3.69%
    Fredericksburg, TX (FHA|USDA|VA) 2 $1,150,000 $575,000 $9,196 3.84%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 3 $1,075,000 $358,333 $4,126 4.83%
    Sweetwater, TX (FHA|USDA|VA) 1 $755,000 $755,000 $0 4.99%
    Paris, TX (FHA|USDA|VA) 2 $620,000 $310,000 $8,302 2.81%
    ODESSA, TX (FHA|USDA|VA) 2 $610,000 $305,000 $4,200 3.06%
    Gainesville, TX (FHA|USDA|VA) 2 $560,000 $280,000 $3,223 4.00%
    Steamboat Springs, CO (FHA|USDA|VA) 1 $555,000 $555,000 $0 5.25%
    Levelland, TX (FHA|USDA|VA) 3 $505,000 $168,333 $2,666 4.79%
    ALBUQUERQUE, NM (FHA|USDA|VA) 2 $470,000 $235,000 $2,721 3.13%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 2 $440,000 $220,000 $3,568 2.81%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $435,000 $435,000 $0 5.25%
    LAS CRUCES, NM (FHA|USDA|VA) 2 $430,000 $215,000 $5,052 2.94%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $405,000 $405,000 $4,790 5.25%
    TYLER, TX (FHA|USDA|VA) 1 $305,000 $305,000 $4,055 2.63%
    Clovis, NM (FHA|USDA|VA) 1 $285,000 $285,000 $2,918 2.63%
    Mineral Wells, TX (FHA|USDA|VA) 2 $280,000 $140,000 $7,193 3.69%
    SAN ANGELO, TX (FHA|USDA|VA) 1 $275,000 $275,000 $8,787 2.25%
    Ardmore, OK (FHA|USDA|VA) 1 $275,000 $275,000 $3,636 2.75%
    ALEXANDRIA, LA (FHA|USDA|VA) 1 $255,000 $255,000 $5,005 3.63%
    Taos, NM (FHA|USDA|VA) 1 $245,000 $245,000 $2,600 3.13%
    BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 1 $225,000 $225,000 $3,736 3.00%
    Ruidoso, NM (FHA|USDA|VA) 1 $225,000 $225,000 $3,008 3.00%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $225,000 $225,000 $1,989 3.00%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $215,000 $215,000 $4,169 2.88%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $215,000 $215,000 $0 3.75%
    LONGVIEW, TX (FHA|USDA|VA) 1 $185,000 $185,000 $5,901 5.63%
    Big Spring, TX (FHA|USDA|VA) 1 $185,000 $185,000 $3,569 2.88%
    Alamogordo, NM (FHA|USDA|VA) 1 $155,000 $155,000 $3,140 2.75%
    Natchez, MS-LA (FHA|USDA|VA) 1 $125,000 $125,000 $0 5.25%
    WICHITA FALLS, TX (FHA|USDA|VA) 1 $115,000 $115,000 $3,187 3.75%
    WICHITA, KS (FHA|USDA|VA) 1 $115,000 $115,000 $0 4.50%
    Hobbs, NM (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.50%
    WACO, TX (FHA|USDA|VA) 1 $95,000 $95,000 $0 3.63%
    Happy State Bank's top markets include Amarillo, Dallas, Lubbock, Austin, and Houston among others.

    Their top states include:
  • Texas (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • New Mexico (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Oklahoma (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: 208
    Education Credit Union
    Similarity Rank: 208
    Access Community Credit Union
    Similarity Rank: 275
    Alliance Credit Union
    Similarity Rank: 522
    United Heritage Credit Union
    Similarity Rank: 657
    SMART CHOICE MORTGAGE, A TEXAS LIMITED LIABILITY C
    Similarity Rank: 692
    Southwest Bank
    Similarity Rank: 912
    AAXY L.L.C.
    Similarity Rank: 927
    Credence Funding Corporation
    Similarity Rank: 1560
    CAPITAL PLUS FINANCIAL, LLC
    Similarity Rank: 1620

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,466 $488,990,000 $333,554 $3,779 4.08%
    FHA 163 $28,695,000 $176,043 $6,807 3.07%
    VA 43 $10,575,000 $245,930 $4,990 2.71%
    USDA 18 $1,630,000 $90,556 $4,199 3.08%
    HELOC 1 $85,000 $85,000 n/a 5.00%

    For 2020, Happy State Bank's most frequently originated type of loan was Conventional, with 1,466 originations. Their 2nd most popular type was FHA, with 163 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,086 $361,140,000 $332,541 $4,645 4.01%
    Refi 389 $130,735,000 $336,080 $3,493 3.46%
    Cash Out Refi 118 $29,060,000 $246,271 $4,479 3.61%
    Home Improvement 77 $6,445,000 $83,701 $2,585 5.60%
    Other 21 $2,595,000 $123,571 $3,312 4.76%

    For 2020, Happy State Bank's most frequently cited loan purpose was Home Purchase, with 1,086 originations. The 2nd most popular reason was Refi, with 389 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 966 $220,960,000 $228,737 $4,501 3.45%
    15 Year 318 $65,630,000 $206,384 $3,344 4.09%
    20 Year 134 $26,520,000 $197,910 $3,091 4.78%
    Other 97 $69,275,000 $714,175 $4,055 5.19%
    1 Year 87 $16,995,000 $195,345 $0 5.30%
    10 Year 61 $67,475,000 $1,106,148 $3,216 4.57%
    5 Year 18 $41,460,000 $2,303,333 $1,561 5.12%
    3 Year 10 $21,660,000 $2,166,000 $0 4.83%

    For 2020, Happy State Bank's most frequently cited loan duration was 30 Year, with 966 originations. The 2nd most popular length was 15 Year, with 318 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,003 $227,665,000 $226,984
    $<1k 108 $17,680,000 $163,704
    $2k-3k 24 $5,910,000 $246,250
    $3k-4k 12 $4,090,000 $340,833
    $5k+ 6 $2,650,000 $441,667
    $4k-5k 3 $1,025,000 $341,667

    Happy State Bank's average total fees were $4,501, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,003 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 464 $102,350,000 $220,582
    2.5-3% 409 $95,285,000 $232,971
    4-5% 318 $197,920,000 $622,390
    5-6% 256 $93,630,000 $365,742
    <2.5% 147 $30,835,000 $209,762
    6-7% 82 $9,030,000 $110,122
    7-8% 15 $925,000 $61,667

    During 2020, Happy State Bank's average interest rate for loans was 3.45%, while their most frequently originated rate bucket for loans was 3-4%, with 464 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 657 $95,575,000 $145,472 $4,095 3.80%
    $200k-400k 496 $138,050,000 $278,327 $4,577 3.45%
    $100,000 or less 342 $22,050,000 $64,474 $2,871 4.84%
    $400k-600k 125 $58,665,000 $469,320 $5,291 3.64%
    $1MM+ 43 $193,685,000 $4,504,302 $7,196 4.88%
    $600k-1MM 28 $21,950,000 $783,929 $7,282 4.57%

    2020 saw Happy State Bank place emphasis on $100k-200k loans with 657 originations, totaling $95,575,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 317 $74,205,000 $234,085 $4,253 3.51%
    $50k-75k 244 $37,580,000 $154,016 $4,419 3.44%
    $75k-100k 214 $41,340,000 $193,178 $4,314 3.39%
    $150k-250k 177 $51,845,000 $292,910 $4,415 3.50%
    $50k or less 169 $18,655,000 $110,385 $3,712 3.90%
    $250k+ 93 $39,805,000 $428,011 $4,899 3.76%

    Happy State Bank lent most frequently to those with incomes in the $100k-150k range, with 317 originations. The second most popular income band? $50k-75k, with 244 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 275 $61,275,000 $222,818 $3,859 3.28%
    30-36% 258 $58,690,000 $227,481 $4,187 3.31%
    <20% 128 $26,850,000 $209,766 $3,700 3.30%
    42% 58 $11,860,000 $204,483 $4,449 3.46%
    39% 48 $9,630,000 $200,625 $4,561 3.69%
    41% 48 $10,580,000 $220,417 $4,384 3.82%
    40% 44 $8,920,000 $202,727 $3,994 3.99%
    36% 44 $10,370,000 $235,682 $4,185 3.27%
    43% 42 $12,100,000 $288,095 $4,663 3.72%
    38% 36 $7,490,000 $208,056 $4,541 3.38%
    44% 36 $7,760,000 $215,556 $4,995 3.95%
    37% 33 $6,885,000 $208,636 $4,109 3.13%
    47% 30 $5,340,000 $178,000 $4,211 3.56%
    49% 29 $6,175,000 $212,931 $4,787 3.67%
    45% 28 $5,330,000 $190,357 $5,049 3.69%
    50-60% 26 $6,390,000 $245,769 $6,984 3.10%
    48% 21 $4,155,000 $197,857 $5,366 3.79%
    46% 20 $4,480,000 $224,000 $4,632 3.30%

    Happy State Bank lent most frequently to those with DTI ratios of 20-30%, with 275 originations. The next most common DTI ratio? 30-36%, with 258 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 420 $255,730,000 $608,881 $0 5.17%
    White 1,083 $231,185,000 $213,467 $4,243 3.51%
    Not provided 134 $31,160,000 $232,537 $4,229 3.56%
    Asian 21 $4,325,000 $205,952 $4,792 3.53%
    Black 18 $3,270,000 $181,667 $4,729 4.17%
    Asian Indian 4 $2,000,000 $500,000 $4,305 3.31%
    American Indian 8 $1,480,000 $185,000 $4,306 3.58%
    Filipino 1 $405,000 $405,000 $5,126 2.75%
    Other Pacific Islander 1 $275,000 $275,000 $4,970 2.88%
    Native Hawaiian or Islander 1 $145,000 $145,000 $0 3.63%

    Approval Rates

    Total approvals of all applications
    93.00%

    Happy State Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    73.68%

    Happy State Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,691 $529,975,000 $313,409

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 16 $67,060,000 $4,191,250
    Multifamily:Site-Built 62 $132,950,000 $2,144,355
    Single Family (1-4 Units):Site-Built 1,613 $329,965,000 $204,566

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 67 $19,865,000 $296,493 $3,107 4.25%
    40-60% 182 $111,800,000 $614,286 $3,678 3.84%
    60-80% 685 $232,485,000 $339,394 $3,964 4.22%
    80-100% 721 $154,875,000 $214,806 $4,636 3.59%
    Over 100% 5 $1,705,000 $341,000 $10,060 3.78%
    Under 20% 22 $6,690,000 $304,091 $1,661 6.41%

    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 $46,290
    Happy State Bank 111 North Street Texline, TX 79087 Full Service B&M $14,971
    Happy State Bank 1125 North Hobart Street Pampa, TX 79065 Full Service B&M $119,511
    Happy State Bank 800 S. Dumas Avenue Dumas, TX 79029 Full Service B&M $170,116
    Happy State Bank Highway 83 Wheeler, TX 79096 Full Service B&M $35,996
    Happy State Bank 1431 West Wilson Street Borger, TX 79007 Full Service B&M $62,733
    Happy State Bank 100 East Main Street Happy, TX 79042 Full Service B&M $34,503
    Happy State Bank 1000 S. Buchanan Street Amarillo, TX 79101 Full Service B&M $11,300
    Happy State Bank 101 S. Wheeler St Mobeetie, TX 79061 Full Service B&M $37,517
    Happy State Bank 102 N. Main Street Stratford, TX 79084 Full Service B&M $43,077
    Happy State Bank 1025 Main St. Matador, TX 79244 Full Service B&M $18,065
    Happy State Bank 105 South Wall Floydada, TX 79235 Full Service B&M $10,811
    Happy State Bank 16633 Dallas Parkway, Suite 350 Addison, TX 75001 Full Service B&M $150,059
    Happy State Bank 1901 Central Dr, Suite 200 Bedford, TX 76021 Full Service B&M $36,303
    Happy State Bank 1908 4th Avenue Canyon, TX 79015 Full Service B&M $178,917
    Happy State Bank 200 Main Street Canadian, TX 79014 Full Service B&M $195,534
    Happy State Bank 201 Main Street Turkey, TX 79261 Full Service B&M $4,435
    Happy State Bank 201 North Main Street Lockney, TX 79241 Full Service B&M $34,300
    Happy State Bank 21 North Main Street Higgins, TX 79046 Full Service B&M $19,765
    Happy State Bank 221 Main Street White Deer, TX 79097 Full Service B&M $8,894
    Happy State Bank 2525 Ridgmar Blvd Fort Worth, TX 76116 Full Service B&M $87,472
    Happy State Bank 2614 S. Georgia Street Amarillo, TX 79109 Full Service B&M $41,131
    Happy State Bank 3110 Olton Rd Plainview, TX 79072 Full Service B&M $155,488
    Happy State Bank 312 E 2nd Street Dalhart, TX 79022 Full Service B&M $26,588
    Happy State Bank 3134 Bell Street Amarillo, TX 79109 Full Service B&M $43,157
    Happy State Bank 3423 Soncy Road Amarillo, TX 79121 Full Service B&M $221,524
    Happy State Bank 416 Main Sunray, TX 79086 Full Service B&M $45,451
    Happy State Bank 4214 Southwest 45th Amarillo, TX 79109 Full Service B&M $53,327
    Happy State Bank 4402 19th Street Lubbock, TX 79407 Full Service B&M $59,290
    Happy State Bank 4411 98th Street Lubbock, TX 79424 Full Service B&M $151,545
    Happy State Bank 500 Main Street Silverton, TX 79257 Full Service B&M $35,641
    Happy State Bank 500 Tascosa Road Amarillo, TX 79124 Full Service B&M $63,213
    Happy State Bank 5050 South Western Street Amarillo, TX 79109 Full Service Retail $44,071
    Happy State Bank 5100 S. Coulter Amarillo, TX 79109 Full Service B&M $69,825
    Happy State Bank 612 Main Street Olton, TX 79064 Full Service B&M $27,997
    Happy State Bank 621 Noel Street Memphis, TX 79245 Full Service B&M $11,939
    Happy State Bank 700 Central Expressway S., Suite 120 Allen, TX 75013 Full Service B&M $48,582
    Happy State Bank 701 S. Taylor Amarillo, TX 79101 Full Service B&M $859,755
    Happy State Bank 711 North Main Street Shamrock, TX 79079 Full Service B&M $55,013
    Happy State Bank One Village Drive, Suite 100 Abilene, TX 79606 Full Service B&M $58,214
    Happy State Bank Third And Euclid Streets Panhandle, TX 79068 Full Service B&M $97,689

    For 2020, Happy State Bank had 41 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $204,488
    Net interest income $189,336
    Total noninterest income $36,924
    Gross Fiduciary activities income $8,985
    Service charges on deposit accounts $10,258
    Trading account gains and fees $0
    Additional Noninterest Income $17,681
    Pre-tax net operating income $63,821
    Securities gains (or losses, -) $9,092
    Income before extraordinary items $60,113
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $60,113
    Minority interest net income $0
    Net income $60,113
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $52,657

    Happy State Bank's gross interest income from loans was $204,488,000.
    Happy State Bank's net interest income from loans was $189,336,000.
    Happy State Bank's fee based income from loans was $10,258,000.
    Happy State Bank's net income from loans was $60,113,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $15,152
    Provision for credit losses $23,350
    Total noninterest expense $139,089
    Salaries and employee benefits $83,651
    Premises and equipment expense $14,552
    Additional noninterest expense $40,886
    Applicable income taxes $12,800
    Net charge-offs $2,646
    Cash dividends $2,130

    Happy State Bank's interest expense for loans was $15,152,000.
    Happy State Bank's payroll and benefits expense were $83,651,000.
    Happy State Bank's property, plant and equipment expenses $14,552,000.

    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 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 6.0%

    Deposits

    Type Value (in 000's)
    Total deposits $4,774,613
    Deposits held in domestic offices $4,774,613
    Deposits by Individuals, partnerships, and corporations $4,506,397
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $260,598
    Deposits by Commercial banks and other depository institutions in U.S. $7,617
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $58,776
    Demand deposits $58,776
    Nontransaction accounts $4,715,836
    Money market deposit accounts (MMDAs) $592,791
    Other savings deposits (excluding MMDAs) $3,699,858
    Total time deposits $423,185
    Total time and savings deposits $4,715,836
    Noninterest-bearing deposits $1,593,363
    Interest-bearing deposits $3,181,250
    Retail deposits $4,154,221
    IRAs and Keogh plan accounts $34,781
    Brokered deposits $463,806
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $5,636,821
    Cash & Balances due from depository institutions $721,207
    Interest-bearing balances $597,879
    Total securities $960,509
    Federal funds sold & reverse repurchase $0
    Net loans and leases $3,478,408
    Loan and leases loss allowance $54,855
    Trading account assets $0
    Bank premises and fixed assets $151,565
    Other real estate owned $1,080
    Goodwill and other intangibles $138,023
    All other assets $186,029

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $5,636,821
    Total Liabilities $4,876,708
    Total deposits $4,774,613
    Interest-bearing deposits $3,181,250
    Deposits held in domestic offices $4,774,613
    % insured (estimated) $52
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $74,701
    Subordinated debt $0
    All other liabilities $27,394

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $3,478,408
    Loan and leases loss allowance $54,855
    Total loans and leases (domestic) $3,533,263
    All real estate loans $2,424,561
    Real estate loans in domestic offices $2,424,561
    Construction and development loans $512,237
    Residential 1-4 family construction $130,086
    Other construction, all land development and other land $382,151
    Loans secured by nonfarm nonresidential properties $1,085,673
    Nonfarm nonresidential secured by owner-occupied properties $413,175
    Commercial real estate & other non-farm, non-residential $672,498
    Multifamily residential real estate $133,787
    1-4 family residential loans $512,014
    Farmland loans $180,850
    Loans held in foreign offices $0
    Farm loans $260,381
    Commercial and industrial loans $797,881
    To non-U.S. addressees $0
    Loans to individuals $36,349
    Credit card loans $0
    Related Plans $1,692
    Consumer Auto Loans $15,594
    Other loans to individuals $19,063
    All other loans & leases $14,091
    Loans to foreign governments and official institutions $0
    Other loans $1,204
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $74,784
    Loans secured by real estate to non-U.S. addressees $228
    Restructured Loans & leases $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Happy State Bank had $3,478,408,000 of loans outstanding in 2020. $2,424,561,000 of loans were in real estate loans. $512,237,000 of loans were in development loans. $133,787,000 of loans were in multifamily mortgage loans. $512,014,000 of loans were in 1-4 family mortgage loans. $260,381,000 of loans were in farm loans. $0 of loans were in credit card loans. $15,594,000 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 1,051 $250,455 $238,302
    Nonfarm, nonresidential loans - <$100k 239 $10,542 $44,109
    Nonfarm, nonresidential loans - $100-250k 347 $46,909 $135,184
    Nonfarm, nonresidential loans - $250k-1MM 465 $193,004 $415,062
    Commercial & Industrial, US addressed loans - <$1MM 6,413 $391,357 $61,026
    Commercial & Industrial, US addressed loans - <$100k 4,948 $121,891 $24,634
    Commercial & Industrial, US addressed loans - $100-250k 906 $100,769 $111,224
    Commercial & Industrial, US addressed loans - $250k-1MM 559 $168,697 $301,784
    Farmland loans - <$1MM 278 $34,071 $122,558
    Farmland loans - <$100k 105 $4,011 $38,200
    Farmland loans - $100-250k 112 $14,589 $130,259
    Farmland loans - $250k-1MM 61 $15,471 $253,623
    Agriculture operations loans - <$1MM 1,110 $59,716 $53,798
    Agriculture operations loans - <$100k 744 $16,785 $22,560
    Agriculture operations loans - $100-250k 224 $19,281 $86,076
    Agriculture operations loans - $250k-1MM 142 $23,650 $166,549