Affiliated Bank Mortgage Rates, Fees & Info

Bedford, TX

LEI: 549300KST6N97GYH0O45

Tax ID: 75-1630026

3.6 stars - out of 5 stars, based on 28 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Affiliated Bank is a smaller bank specializing in Home Purchase and Refi loans. Affiliated Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets include Dallas, Corpus Christi, Austin, Waco, and San Antonio among others. Affiliated 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. Affiliated Bank is typically a high fee lendor.


Originations

762

Origination Dollar Volume (All Markets)

$277,640,000

Employee count

201

Awards

Affiliated Bank 30 Year Conventional Loans silver Affiliated Bank FHA Loans gold Affiliated Bank VA Loans bronze
Show all (3) awards

Relative Rate

Affiliated Bank's average 30 year fixed rate mortgage of loans were 3.12%.

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

This yields a difference of -0.03%.

Relative Fees

Affiliated Bank's average total fees for a 30 year fixed rate mortgage are $6,203.

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
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 500 $183,560,000 $367,120 $5,912 3.07%
CORPUS CHRISTI, TX (FHA|USDA|VA) 47 $14,285,000 $303,936 $5,433 3.03%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 33 $13,055,000 $395,606 $5,868 2.88%
WACO, TX (FHA|USDA|VA) 54 $12,290,000 $227,593 $4,915 3.01%
Outside of Metro Areas 26 $8,750,000 $336,538 $5,409 3.02%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 19 $7,435,000 $391,316 $6,952 3.17%
Granbury, TX (FHA|USDA|VA) 15 $5,975,000 $398,333 $7,751 2.99%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 12 $4,320,000 $360,000 $5,567 3.13%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 6 $4,210,000 $701,667 $7,781 2.77%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 8 $3,580,000 $447,500 $8,043 3.30%
OKLAHOMA CITY, OK (FHA|USDA|VA) 3 $2,295,000 $765,000 $9,486 3.38%
Heber, UT (FHA|USDA|VA) 2 $2,280,000 $1,140,000 $6,472 2.81%
Brenham, TX (FHA|USDA|VA) 1 $1,945,000 $1,945,000 $14,487 3.25%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 4 $1,880,000 $470,000 $3,966 3.25%
Kalispell, MT (FHA|USDA|VA) 1 $1,635,000 $1,635,000 $7,673 2.75%
COLUMBIA, SC (FHA|USDA|VA) 1 $1,455,000 $1,455,000 $8,858 3.25%
LUBBOCK, TX (FHA|USDA|VA) 2 $760,000 $380,000 $5,016 2.69%
COLORADO SPRINGS, CO (FHA|USDA|VA) 2 $740,000 $370,000 $3,741 2.88%
Corsicana, TX (FHA|USDA|VA) 3 $695,000 $231,667 $7,706 2.67%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 1 $545,000 $545,000 $3,174 2.13%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $545,000 $545,000 $3,945 2.75%
Kerrville, TX (FHA|USDA|VA) 1 $525,000 $525,000 $5,196 3.25%
Athens, TX (FHA|USDA|VA) 1 $475,000 $475,000 $5,977 3.50%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $425,000 $425,000 $9,301 5.25%
Mineral Wells, TX (FHA|USDA|VA) 2 $410,000 $205,000 $4,555 3.63%
TULSA, OK (FHA|USDA|VA) 2 $350,000 $175,000 $5,875 3.25%
Stillwater, OK (FHA|USDA|VA) 1 $345,000 $345,000 $4,476 3.00%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $345,000 $345,000 $11,356 2.50%
SHERMAN-DENISON, TX (FHA|USDA|VA) 2 $330,000 $165,000 $4,603 2.88%
Steamboat Springs, CO (FHA|USDA|VA) 1 $325,000 $325,000 $2,905 2.75%
Ruidoso, NM (FHA|USDA|VA) 1 $325,000 $325,000 $3,056 2.88%
KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $305,000 $305,000 $2,755 3.13%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $245,000 $245,000 $8,864 3.00%
Rockport, TX (FHA|USDA|VA) 1 $225,000 $225,000 $0 3.13%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $215,000 $215,000 $4,699 4.25%
Taos, NM (FHA|USDA|VA) 1 $155,000 $155,000 $7,947 3.50%
Stephenville, TX (FHA|USDA|VA) 1 $155,000 $155,000 $4,034 2.88%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $145,000 $145,000 $4,621 2.88%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $105,000 $105,000 $2,949 3.38%

Affiliated Bank's top markets include Dallas, Corpus Christi, Austin, Waco, and San Antonio among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 687 $255,415,000 $371,783 $5,550 3.09%
FHA 46 $11,870,000 $258,043 $9,474 2.83%
VA 28 $10,220,000 $365,000 $8,221 2.54%
USDA 1 $135,000 $135,000 $6,170 2.88%

For the 2021 period, Affiliated Bank's most frequently originated loan type of loans were Conventional, with 687 originations. Their 2nd most popular type is FHA, with 46 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 382 $146,140,000 $382,565 $6,484 3.08%
Refi 278 $96,890,000 $348,525 $4,905 2.86%
Cash Out Refi 102 $34,610,000 $339,314 $6,381 3.47%

For the 2021, Affiliated Bank's most frequently cited loan purpose of loans were Home Purchase, with 382 originations. The 2nd most popular reason of loans were Refi, with 278 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 597 $218,485,000 $365,972 $6,203 3.12%
15 Year 84 $24,110,000 $287,024 $4,786 2.71%
20 Year 59 $16,975,000 $287,712 $4,507 2.85%
Other 11 $3,545,000 $322,273 $5,876 3.47%
10 Year 7 $945,000 $135,000 $4,192 2.52%
5 Year 3 $13,265,000 $4,421,667 $0 3.67%
30+ year 1 $315,000 $315,000 $5,008 3.00%

For the 2021, Affiliated Bank's most frequently cited loan length of loans were 30 Year, with 597 originations. The 2nd most popular length of loans were 15 Year, with 84 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 507 $176,795,000 $348,708
$2k-3k 120 $33,890,000 $282,417
$3k-4k 68 $23,560,000 $346,471
$5k+ 37 $20,405,000 $551,486
$<1k 24 $9,020,000 $375,833

$6,203 of loans were Affiliated Bank's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 507 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 364 $132,650,000 $364,423
3-4% 284 $110,160,000 $387,887
<2.5% 84 $27,690,000 $329,643
4-5% 26 $5,710,000 $219,615
5-6% 3 $1,105,000 $368,333
6-7% 1 $325,000 $325,000

During 2021, Affiliated Bank's average interest rate of loans were 3.12%, while their most frequently originated rate bucket of loans were 2.5-3%, with 364 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 380 $110,600,000 $291,053 $5,640 2.99%
$400k-600k 160 $78,330,000 $489,563 $6,542 2.97%
$100k-200k 148 $23,070,000 $155,878 $4,640 3.21%
$100,000 or less 28 $2,240,000 $80,000 $3,863 3.34%
$1MM+ 27 $49,305,000 $1,826,111 $12,900 3.23%
$600k-1MM 19 $14,095,000 $741,842 $8,849 3.30%

2021 saw Affiliated Bank place emphasis on $200k-400k loans with 380 originations, totaling $110,600,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 192 $58,660,000 $305,521 $5,710 2.97%
$150k-250k 164 $63,020,000 $384,268 $5,964 3.06%
$75k-100k 120 $31,810,000 $265,083 $5,554 3.09%
$50k-75k 117 $24,755,000 $211,581 $5,335 3.05%
$250k+ 116 $77,170,000 $665,259 $7,586 3.11%
$50k or less 47 $8,135,000 $173,085 $4,501 3.13%

Affiliated Bank lent most frequently to those with incomes in the $100k-150k range, with 192 originations. The second most popular income band? $150k-250k, with 164 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 168 $63,450,000 $377,679 $5,802 3.04%
30-36% 140 $48,470,000 $346,214 $5,288 3.04%
<20% 56 $24,580,000 $438,929 $5,812 2.99%
42% 34 $13,330,000 $392,059 $5,879 3.25%
36% 34 $13,460,000 $395,882 $7,569 3.14%
44% 34 $11,010,000 $323,824 $5,450 3.12%
39% 32 $10,320,000 $322,500 $5,597 3.11%
38% 32 $9,750,000 $304,688 $6,062 3.09%
37% 26 $7,430,000 $285,769 $6,113 2.94%
40% 26 $8,530,000 $328,077 $6,313 3.14%
49% 25 $6,715,000 $268,600 $6,590 3.01%
47% 24 $7,690,000 $320,417 $5,980 3.05%
41% 23 $7,605,000 $330,652 $6,604 2.93%
43% 23 $6,575,000 $285,870 $6,207 3.17%
45% 22 $7,370,000 $335,000 $5,699 3.07%
46% 19 $6,185,000 $325,526 $5,652 3.07%
48% 15 $4,555,000 $303,667 $6,318 3.14%
50-60% 13 $3,315,000 $255,000 $9,176 2.78%
>60% 3 $935,000 $311,667 $4,084 3.17%

Affiliated Bank lent most frequently to those with DTI ratios of 20-30%, with 168 originations. The next most common DTI ratio? 30-36%, with 140 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 652 $220,840,000 $338,712 $5,814 3.07%
Not provided 38 $20,580,000 $541,579 $6,900 2.98%
Not applicable 5 $13,845,000 $2,769,000 $0 3.90%
Black 41 $13,095,000 $319,390 $6,580 2.97%
Asian 24 $8,520,000 $355,000 $5,155 2.89%
American Indian 1 $545,000 $545,000 $6,450 2.50%
Native Hawaiian 1 $215,000 $215,000 $5,081 3.25%

Approval Rates

Total approvals of all applications
96.68%

Affiliated Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

Pick Rate

Approvals leading to origination
78.26%

Affiliated Bank has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 762 $277,640,000 $364,357

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
762 $277,640,000 $364,357

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 35 $8,265,000 $236,143 $4,763 2.83%
40-60% 118 $36,630,000 $310,424 $4,873 2.99%
60-80% 324 $134,330,000 $414,599 $5,760 3.13%
80-100% 278 $96,670,000 $347,734 $6,437 3.02%
Over 100% 4 $1,540,000 $385,000 $19,476 2.78%
Under 20% 3 $205,000 $68,333 $2,635 4.04%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Susser Bank 2302 Guthrie Rd. Suite 100 Garland, TX 75043 Full Service B&M $111,655
Susser Bank 2326 W Pleasant Ridge Rd. Arlington, TX 76015 Full Service B&M $761,892
Susser Bank 4200 S. Hulen Street, Suite 110 Fort Worth, TX 76109 Full Service B&M $56,739
Susser Bank 500 Harwood Rd. Bedford, TX 76021 Full Service B&M $105,934
Susser Bank 920 Ih 35 North Round Rock, TX 78681 Full Service B&M $71,410

For 2021, Affiliated Bank had 5 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $50,054
Net interest income $45,129
Total noninterest income $11,281
Gross Fiduciary activities income $0
Service charges on deposit accounts $433
Trading account gains and fees $0
Additional Noninterest Income $10,848
Pre-tax net operating income $11,358
Securities gains (or losses, -) $0
Income before extraordinary items $9,064
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $9,064
Minority interest net income $0
Net income $9,064
Sale, conversion, retirement of capital stock, net $2,027
Net operating income $9,064

Affiliated Bank's gross interest income from loans was $50,054,000.
Affiliated Bank's net interest income from loans was $45,129,000.
Affiliated Bank's fee based income from loans was $433,000.
Affiliated Bank's net income from loans was $9,064,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $4,925
Provision for credit losses $1,550
Total noninterest expense $43,502
Salaries and employee benefits $30,097
Premises and equipment expense $2,382
Additional noninterest expense $11,023
Applicable income taxes $2,294
Net charge-offs $-1
Cash dividends $0

Affiliated Bank's interest expense for loans was $4,925,000.
Affiliated Bank's payroll and benefits expense were $30,097,000.
Affiliated Bank's property, plant and equipment expenses $2,382,000.

Loan Performance

Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
All loans 0.0%
Real Estate loans 0.0%
Construction & Land Development loans 0.0%
Nonfarm, nonresidential loans 0.0%
Multifamily residential loans 0.0%
1-4 family residential loans 1.0%
HELOC loans 0.0%
All other family 1.0%
Commercial & industrial loans 0.0%
Personal loans 0.0%
Credit card loans 0.0%
Other individual loans 0.0%
Auto loans 0.0%
Other consumer loans 0.0%
Unsecured commercial real estate loans 0.0%

Deposits

Type Value (in 000's)
Total deposits $1,222,844
Deposits held in domestic offices $1,222,844
Deposits by Individuals, partnerships, and corporations $1,145,462
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $50,896
Deposits by Commercial banks and other depository institutions in U.S. $26,486
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $378,120
Demand deposits $378,120
Nontransaction accounts $844,724
Money market deposit accounts (MMDAs) $632,614
Other savings deposits (excluding MMDAs) $39,444
Total time deposits $172,666
Total time and savings deposits $844,724
Noninterest-bearing deposits $282,880
Interest-bearing deposits $939,964
Retail deposits $1,162,712
IRAs and Keogh plan accounts $14,530
Brokered deposits $2,238
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $1,458,568
Cash & Balances due from depository institutions $342,799
Interest-bearing balances $338,661
Total securities $86,933
Federal funds sold & reverse repurchase $1,794
Net loans and leases $961,660
Loan and leases loss allowance $11,386
Trading account assets $0
Bank premises and fixed assets $17,981
Other real estate owned $0
Goodwill and other intangibles $32,402
All other assets $14,999

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $1,458,568
Total Liabilities $1,278,547
Total deposits $1,222,844
Interest-bearing deposits $939,964
Deposits held in domestic offices $1,222,844
% insured (estimated) $48
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $50,000
Subordinated debt $0
All other liabilities $5,703

Issued Loan Types

Type Value (in 000's)
Net loans and leases $961,660
Loan and leases loss allowance $11,386
Total loans and leases (domestic) $973,046
All real estate loans $756,385
Real estate loans in domestic offices $756,385
Construction and development loans $169,880
Residential 1-4 family construction $83,811
Other construction, all land development and other land $86,069
Loans secured by nonfarm nonresidential properties $357,927
Nonfarm nonresidential secured by owner-occupied properties $98,704
Commercial real estate & other non-farm, non-residential $259,223
Multifamily residential real estate $37,733
1-4 family residential loans $184,413
Farmland loans $6,432
Loans held in foreign offices $0
Farm loans $0
Commercial and industrial loans $205,889
To non-U.S. addressees $0
Loans to individuals $5,511
Credit card loans $0
Related Plans $3,122
Consumer Auto Loans $655
Other loans to individuals $1,734
All other loans & leases $5,261
Loans to foreign governments and official institutions $0
Other loans $17
Loans to depository institutions and acceptances of other banks $0
Loans not secured by real estate $8,152
Loans secured by real estate to non-U.S. addressees $605
Restructured Loans & leases $495
Non 1-4 family restructured loans & leases $259
Total loans and leases (foreign) $0

Affiliated Bank had $961,660,000 of loans outstanding in 2021. $756,385,000 of loans were in real estate loans. $169,880,000 of loans were in development loans. $37,733,000 of loans were in multifamily mortgage loans. $184,413,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $655,000 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 120 $39,350 $327,917
Nonfarm, nonresidential loans - <$100k 8 $379 $47,375
Nonfarm, nonresidential loans - $100-250k 30 $3,357 $111,900
Nonfarm, nonresidential loans - $250k-1MM 82 $35,614 $434,317
Commercial & Industrial, US addressed loans - <$1MM 374 $52,374 $140,037
Commercial & Industrial, US addressed loans - <$100k 177 $3,825 $21,610
Commercial & Industrial, US addressed loans - $100-250k 86 $10,180 $118,372
Commercial & Industrial, US addressed loans - $250k-1MM 111 $38,369 $345,667
Farmland loans - <$1MM 4 $1,022 $255,500
Farmland loans - <$100k 1 $47 $47,000
Farmland loans - $100-250k 1 $106 $106,000
Farmland loans - $250k-1MM 2 $869 $434,500