The Yellowstone Bank Mortgage Rates, Fees & Info

Laurel, MT

LEI: 549300L4GPVDZEPUZC05

Tax ID: 81-0211310

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Review & 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 (well, only) market is Billings.

The Yellowstone 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. The Yellowstone 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.

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.

SimulatedRates™ Mortgage Type	Simulated Rate	Simulation Date
30 Year Conventional Purchase	6.64%	4/21/24
30 Year Conventional Refi	6.39%	4/21/24
30 Year Cash-out Refi	6.83%	4/21/24
30 Year FHA Purchase	6.74%	4/21/24
30 Year VA Refi	5.89%	4/21/24
15 Year Conventional Purchase	6.46%	4/21/24
15 Year Conventional Refi	6.04%	4/21/24
15 Year Cash-out Refi	6.04%	4/21/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

The Yellowstone Bank Mortgage Calculator

Purchase Price:

Loan Amount:

Deposit Amount:

% Deposit:

Interest Rate:

Loan Type:

Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from The Yellowstone Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.

Originations

535

Origination Dollar Volume (All Markets)

$149,885,000

Employee count

111

Awards

The Yellowstone Bank 30 Year Conventional Loans silver

The Yellowstone Bank 30 Year Conventional Loans bronze

Show all (4) 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
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.

Their top states include:

Montana (FHA|USDA|VA)

Colorado (FHA|USDA|VA)

South Dakota (FHA|USDA|VA)

Similar Lenders

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

The Yellowstone Bank
Similarity Rank: 74

BILLINGS
Similarity Rank: 198

Altana Federal Credit Union
Similarity Rank: 315

American Bank Center
Similarity Rank: 680

Stockman Bank of Montana
Similarity Rank: 1649

VILLAGE CAPITAL MORTGAGE
Similarity Rank: 2508

Opportunity Bank of Montana
Similarity Rank: 3630

MOUNTAIN AMERICA
Similarity Rank: 4944

CLEARPATH LENDING
Similarity Rank: 6300

First Interstate Bank
Similarity Rank: 6510

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. 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 2021, The Yellowstone Bank's most frequently originated type of loan was Conventional, with 512 originations. Their 2nd most popular type was VA, with 13 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. 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 2021, The Yellowstone Bank's most frequently cited loan purpose was Home Purchase, with 234 originations. The 2nd most popular reason was 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 2021, The Yellowstone Bank's most frequently cited loan duration was 30 Year, with 332 originations. The 2nd most popular length was 15 Year, with 77 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$2k-3k	119	$30,215,000	$253,908
$1k-2k	112	$20,520,000	$183,214
$<1k	95	$26,865,000	$282,789
$3k-4k	66	$22,880,000	$346,667
$4k-5k	35	$15,195,000	$434,143
$5k+	20	$12,260,000	$613,000

The Yellowstone Bank's average total fees were $4,960, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 2.96%, while their most frequently originated rate bucket for loans was 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
90.56%

The Yellowstone Bank has an average approval rate.

Pick Rate

Approvals leading to origination
85.98%

The Yellowstone Bank has an 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	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
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

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