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 Granbury among others. We have data for 60 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 an average 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

    1,608

    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

    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) 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.

    Their top states include:
  • Texas (FHA|USDA|VA)
  • Louisiana (FHA|USDA|VA)
  • New Mexico (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Arizona (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: 366
    Education Credit Union
    Similarity Rank: 440
    Access Community Credit Union
    Similarity Rank: 455
    United Heritage Credit Union
    Similarity Rank: 636
    U S WIDE FINANCIAL LLC
    Similarity Rank: 924
    Alliance Credit Union
    Similarity Rank: 1044
    SMART CHOICE MORTGAGE, A TEXAS LIMITED LIABILITY C
    Similarity Rank: 1140
    CAPITAL PLUS FINANCIAL, LLC
    Similarity Rank: 1200
    Credence Funding Corporation
    Similarity Rank: 1313
    WESTSTAR MORTGAGE CORPORATION
    Similarity Rank: 1408

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,402 $455,460,000 $324,864 $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%
    HELOC 5 $835,000 $167,000 n/a 4.85%

    For 2021, Happy State Bank's most frequently originated type of loan was Conventional, with 1,402 originations. Their 2nd most popular type was FHA, with 159 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Happy State Bank's most frequently cited loan purpose was Home Purchase, with 1,105 originations. The 2nd most popular reason was 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 2021, Happy State Bank's most frequently cited loan duration was 30 Year, with 856 originations. The 2nd most popular length was 15 Year, with 278 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost 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
    $4k-5k 7 $3,405,000 $486,429
    $5k+ 6 $4,290,000 $715,000
    $3k-4k 4 $1,300,000 $325,000

    Happy State Bank's average total fees were $4,936, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.36%, while their most frequently originated rate bucket for loans was 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
    93.07%

    Happy State Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    76.87%

    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 125 South Austin Street Tulia, TX 79088 Full Service B&M $80,231
    Happy State Bank 210 North Broadway Post, TX 79356 Full Service B&M $49,014
    Happy State Bank 215 West Bedford Dimmitt, TX 79027 Full Service B&M $16,124
    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 1322 River Terrace New Braunfels, TX 78130 Full Service B&M $19,068
    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
    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 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 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

    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