The Yellowstone Bank Mortgage Rates, Fees & Info

Laurel, MT

LEI: 549300L4GPVDZEPUZC05

Tax ID: 81-0211310

5 stars - out of 5 stars, based on 23 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

The Yellowstone Bank is a smaller bank specializing in Home Purchase and Refi loans. The Yellowstone 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 and Billings among others. The Yellowstone 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. The Yellowstone Bank is typically an average fee lendor.


Originations

535

Origination Dollar Volume (All Markets)

$149,885,000

Employee count

111

Awards

The Yellowstone Bank VA Loans gold The Yellowstone Bank 30 Year Conventional Loans silver The Yellowstone Bank 30 Year Conventional Loans bronze The Yellowstone Bank VA Loans gold
Show all (4) awards

Relative Rate

The Yellowstone Bank's average 30 year fixed rate mortgage of loans were 2.96%.

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

This yields a difference of -0.19%.

Relative Fees

The Yellowstone Bank's average total fees for a 30 year fixed rate mortgage are $4,960.

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
BILLINGS, MT (FHA|USDA|VA) 427 $111,725,000 $261,651 $4,471 3.29%
Outside of Metro Areas 108 $38,160,000 $353,333 $5,434 3.47%

The Yellowstone Bank's top markets include and Billings among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 512 $144,080,000 $281,406 $4,599 3.37%
VA 13 $3,735,000 $287,308 $4,615 2.37%
FHA 7 $1,525,000 $217,857 $7,726 2.52%
USDA 3 $545,000 $181,667 $5,289 2.29%

For the 2021 period, The Yellowstone Bank's most frequently originated loan type of loans were Conventional, with 512 originations. Their 2nd most popular type is VA, with 13 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 234 $72,290,000 $308,932 $5,397 3.54%
Refi 182 $48,830,000 $268,297 $3,914 3.10%
Cash Out Refi 113 $28,375,000 $251,106 $4,689 3.15%
Home Improvement 6 $390,000 $65,000 $898 5.28%

For the 2021, The Yellowstone Bank's most frequently cited loan purpose of loans were Home Purchase, with 234 originations. The 2nd most popular reason of loans were Refi, with 182 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 332 $99,590,000 $299,970 $4,960 2.96%
15 Year 77 $18,175,000 $236,039 $3,886 2.60%
Other 51 $13,435,000 $263,431 $3,181 5.01%
20 Year 47 $12,265,000 $260,957 $4,393 4.43%
1 Year 11 $4,095,000 $372,273 $0 4.92%
10 Year 7 $1,165,000 $166,429 $4,542 3.63%
5 Year 6 $510,000 $85,000 $0 5.73%
3 Year 4 $650,000 $162,500 $0 5.34%

For the 2021, The Yellowstone Bank's most frequently cited loan length of loans were 30 Year, with 332 originations. The 2nd most popular length of loans were 15 Year, with 77 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$2k-3k 119 $30,215,000 $253,908
$1k-2k 112 $20,520,000 $183,214
$3k-4k 101 $38,075,000 $376,980
$<1k 95 $26,865,000 $282,789
$5k+ 20 $12,260,000 $613,000

$4,960 of loans were The Yellowstone Bank's average total fees, while their most frequently occuring range of origination fees were in the $2k-3k bucket, with 119 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 178 $55,410,000 $311,292
<2.5% 127 $32,855,000 $258,701
3-4% 108 $34,850,000 $322,685
4-5% 73 $20,305,000 $278,151
5-6% 42 $6,040,000 $143,810
6-7% 6 $410,000 $68,333
7-8% 1 $15,000 $15,000

During 2021, The Yellowstone Bank's average interest rate of loans were 2.96%, while their most frequently originated rate bucket of loans were 2.5-3%, with 178 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 263 $73,505,000 $279,487 $4,761 3.15%
$100k-200k 132 $20,030,000 $151,742 $3,636 3.31%
$400k-600k 80 $38,890,000 $486,125 $5,958 3.02%
$100,000 or less 45 $2,705,000 $60,111 $2,417 4.81%
$600k-1MM 10 $7,530,000 $753,000 $7,056 3.88%
$1MM+ 5 $7,225,000 $1,445,000 $15,136 3.79%

2021 saw The Yellowstone Bank place emphasis on $200k-400k loans with 263 originations, totaling $73,505,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 101 $30,535,000 $302,327 $4,705 2.97%
$75k-100k 92 $24,180,000 $262,826 $4,962 2.98%
$150k-250k 89 $27,935,000 $313,876 $4,769 3.15%
$50k-75k 84 $19,090,000 $227,262 $4,197 3.09%
$50k or less 56 $8,530,000 $152,321 $3,581 3.53%
$250k+ 53 $22,945,000 $432,925 $5,748 3.29%

The Yellowstone Bank lent most frequently to those with incomes in the $100k-150k range, with 101 originations. The second most popular income band? $75k-100k, with 92 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 106 $29,380,000 $277,170 $4,558 2.83%
30-36% 83 $23,425,000 $282,229 $4,778 2.99%
<20% 62 $16,980,000 $273,871 $4,365 2.77%
42% 18 $5,020,000 $278,889 $4,630 3.05%
44% 16 $4,570,000 $285,625 $4,819 3.05%
43% 15 $4,135,000 $275,667 $4,797 2.84%
36% 14 $3,910,000 $279,286 $4,562 2.68%
38% 13 $3,365,000 $258,846 $4,607 2.69%
39% 12 $4,210,000 $350,833 $5,647 2.85%
45% 12 $3,150,000 $262,500 $4,974 3.48%
49% 12 $3,790,000 $315,833 $5,275 2.83%
41% 11 $3,495,000 $317,727 $4,276 3.14%
40% 11 $3,545,000 $322,273 $4,876 2.95%
48% 11 $3,325,000 $302,273 $6,342 3.00%
37% 9 $3,335,000 $370,556 $5,739 2.86%
47% 9 $2,665,000 $296,111 $4,579 3.13%
46% 8 $1,900,000 $237,500 $4,226 2.41%
50-60% 5 $1,135,000 $227,000 $3,596 5.18%
>60% 2 $160,000 $80,000 $1,858 6.23%

The Yellowstone Bank lent most frequently to those with DTI ratios of 20-30%, with 106 originations. The next most common DTI ratio? 30-36%, with 83 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 473 $131,965,000 $278,996 $4,655 3.26%
Not applicable 32 $10,800,000 $337,500 $4,036 4.69%
Not provided 23 $5,905,000 $256,739 $4,592 2.96%
American Indian 4 $690,000 $172,500 $5,337 3.00%
Asian 2 $310,000 $155,000 $4,624 3.31%
Black 1 $215,000 $215,000 $3,593 3.38%

Approval Rates

Total approvals of all applications
90.14%

The Yellowstone Bank has an average approval rate.

Pick Rate

Approvals leading to origination
80.81%

The Yellowstone Bank has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
0.0 1 $35,000 $35,000
326.01 1 $15,000 $15,000
NA 533 $149,835,000 $281,116

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
535 $149,885,000 $280,159

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 55 $14,045,000 $255,364 $4,070 3.76%
40-60% 110 $29,390,000 $267,182 $4,383 3.22%
60-80% 200 $58,150,000 $290,750 $4,786 3.32%
80-100% 142 $45,960,000 $323,662 $5,119 2.97%
Under 20% 24 $1,610,000 $67,083 $1,902 4.77%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
The Yellowstone Bank 12 First Avenue Laurel, MT 59044 Full Service B&M $126,111
The Yellowstone Bank 3010 3rd Avenue North Billings, MT 59101 Full Service B&M $66,688
The Yellowstone Bank 544 Pike Avenue Columbus, MT 59019 Full Service B&M $103,476
The Yellowstone Bank 12 First Street Laurel, MT 59044 Limited, Drive-thru $0
The Yellowstone Bank 120 Second Street, N.W. Sidney, MT 59270 Full Service B&M $88,187
The Yellowstone Bank 1511 Shiloh Billings, MT 59106 Full Service B&M $112,604
The Yellowstone Bank 1960 N 19th Ave Bozeman, MT 59718 Full Service B&M $68,240
The Yellowstone Bank 2 W Grove St Absarokee, MT 59001 Full Service B&M $44,648
The Yellowstone Bank 2000 Overland Avenue Billings, MT 59102 Full Service B&M $218,364

For 2021, The Yellowstone Bank had 9 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $36,290
Net interest income $34,765
Total noninterest income $7,008
Gross Fiduciary activities income $0
Service charges on deposit accounts $706
Trading account gains and fees $0
Additional Noninterest Income $6,302
Pre-tax net operating income $24,349
Securities gains (or losses, -) $0
Income before extraordinary items $24,349
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $24,349
Minority interest net income $0
Net income $24,349
Sale, conversion, retirement of capital stock, net $0
Net operating income $24,349

The Yellowstone Bank's gross interest income from loans was $36,290,000.
The Yellowstone Bank's net interest income from loans was $34,765,000.
The Yellowstone Bank's fee based income from loans was $706,000.
The Yellowstone Bank's net income from loans was $24,349,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $1,525
Provision for credit losses $287
Total noninterest expense $17,137
Salaries and employee benefits $11,055
Premises and equipment expense $1,679
Additional noninterest expense $4,403
Applicable income taxes $0
Net charge-offs $7
Cash dividends $22,600

The Yellowstone Bank's interest expense for loans was $1,525,000.
The Yellowstone Bank's payroll and benefits expense were $11,055,000.
The Yellowstone Bank's property, plant and equipment expenses $1,679,000.

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 0.0%
HELOC loans 0.0%
All other family 0.0%
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 $1,000,636
Deposits held in domestic offices $1,000,636
Deposits by Individuals, partnerships, and corporations $966,149
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $34,487
Deposits by Commercial banks and other depository institutions in U.S. $0
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $96,884
Demand deposits $75,581
Nontransaction accounts $903,752
Money market deposit accounts (MMDAs) $351,341
Other savings deposits (excluding MMDAs) $471,540
Total time deposits $80,871
Total time and savings deposits $925,055
Noninterest-bearing deposits $344,144
Interest-bearing deposits $656,492
Retail deposits $988,915
IRAs and Keogh plan accounts $14,392
Brokered deposits $0
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $1,182,459
Cash & Balances due from depository institutions $256,025
Interest-bearing balances $241,377
Total securities $262,152
Federal funds sold & reverse repurchase $0
Net loans and leases $617,775
Loan and leases loss allowance $3,184
Trading account assets $0
Bank premises and fixed assets $17,800
Other real estate owned $0
Goodwill and other intangibles $6,747
All other assets $21,960

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $1,182,459
Total Liabilities $1,026,101
Total deposits $1,000,636
Interest-bearing deposits $656,492
Deposits held in domestic offices $1,000,636
% insured (estimated) $66
Federal funds purchased and repurchase agreements $23,866
Trading liabilities $0
Other borrowed funds $910
Subordinated debt $0
All other liabilities $689

Issued Loan Types

Type Value (in 000's)
Net loans and leases $617,775
Loan and leases loss allowance $3,184
Total loans and leases (domestic) $620,959
All real estate loans $474,294
Real estate loans in domestic offices $474,294
Construction and development loans $75,075
Residential 1-4 family construction $37,291
Other construction, all land development and other land $37,784
Loans secured by nonfarm nonresidential properties $277,135
Nonfarm nonresidential secured by owner-occupied properties $150,914
Commercial real estate & other non-farm, non-residential $126,221
Multifamily residential real estate $5,498
1-4 family residential loans $82,182
Farmland loans $34,404
Loans held in foreign offices $0
Farm loans $35,891
Commercial and industrial loans $102,002
To non-U.S. addressees $0
Loans to individuals $8,379
Credit card loans $0
Related Plans $0
Consumer Auto Loans $5,869
Other loans to individuals $2,510
All other loans & leases $393
Loans to foreign governments and official institutions $0
Other loans $215
Loans to depository institutions and acceptances of other banks $0
Loans not secured by real estate $0
Loans secured by real estate to non-U.S. addressees $0
Restructured Loans & leases $0
Non 1-4 family restructured loans & leases $0
Total loans and leases (foreign) $0

The Yellowstone Bank had $617,775,000 of loans outstanding in 2021. $474,294,000 of loans were in real estate loans. $75,075,000 of loans were in development loans. $5,498,000 of loans were in multifamily mortgage loans. $82,182,000 of loans were in 1-4 family mortgage loans. $35,891,000 of loans were in farm loans. $0 of loans were in credit card loans. $5,869,000 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 456 $104,638 $229,469
Nonfarm, nonresidential loans - <$100k 89 $3,871 $43,494
Nonfarm, nonresidential loans - $100-250k 157 $18,592 $118,420
Nonfarm, nonresidential loans - $250k-1MM 210 $82,175 $391,310
Commercial & Industrial, US addressed loans - <$1MM 1,060 $68,452 $64,577
Commercial & Industrial, US addressed loans - <$100k 735 $16,688 $22,705
Commercial & Industrial, US addressed loans - $100-250k 189 $17,185 $90,926
Commercial & Industrial, US addressed loans - $250k-1MM 136 $34,579 $254,257
Farmland loans - <$1MM 116 $14,248 $122,828
Farmland loans - <$100k 31 $1,235 $39,839
Farmland loans - $100-250k 49 $5,432 $110,857
Farmland loans - $250k-1MM 36 $7,581 $210,583
Agriculture operations loans - <$1MM 429 $18,084 $42,154
Agriculture operations loans - <$100k 295 $6,519 $22,098
Agriculture operations loans - $100-250k 95 $6,431 $67,695
Agriculture operations loans - $250k-1MM 39 $5,134 $131,641