Academy Bank Mortgage Rates, Fees & Info

Kansas City, MO

LEI: 549300LP0CV2MNC1GV68

Tax ID: 84-0567796

5 stars - out of 5 stars, based on 29 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Academy Bank is a smaller bank specializing in Refi and Home Purchase loans. Academy 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 Kansas City, Denver, Houston, Colorado Springs, and Phoenix among others. Academy 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. Academy Bank is typically an average fee lendor.


Originations

838

Origination Dollar Volume (All Markets)

$265,200,000

Employee count

527

Awards

Academy Bank VA Loans gold Academy Bank VA Loans gold Academy Bank VA Loans silver
Show all (3) awards

Relative Rate

Academy Bank's average 30 year fixed rate mortgage of loans were 3%.

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

This yields a difference of -0.15%.

Relative Fees

Academy Bank's average total fees for a 30 year fixed rate mortgage are $3,467.

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
KANSAS CITY, MO-KS (FHA|USDA|VA) 625 $175,385,000 $280,616 $2,838 2.95%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 55 $25,515,000 $463,909 $4,832 3.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $6,590,000 $3,295,000 $4,652 3.06%
Outside of Metro Areas 13 $4,725,000 $363,462 $3,952 2.97%
COLORADO SPRINGS, CO (FHA|USDA|VA) 12 $4,360,000 $363,333 $4,952 2.99%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 15 $3,795,000 $253,000 $4,617 3.02%
BOULDER, CO (FHA|USDA|VA) 3 $2,865,000 $955,000 $3,842 3.00%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $2,285,000 $2,285,000 $16,772 4.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 4 $2,220,000 $555,000 $5,461 3.22%
LAWRENCE, KS (FHA|USDA|VA) 9 $2,105,000 $233,889 $2,946 3.19%
FORT COLLINS, CO (FHA|USDA|VA) 5 $2,025,000 $405,000 $3,870 3.13%
ST. LOUIS, MO-IL (FHA|USDA|VA) 4 $1,680,000 $420,000 $2,448 2.81%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 3 $1,645,000 $548,333 $4,784 2.75%
Glenwood Springs, CO (FHA|USDA|VA) 2 $1,560,000 $780,000 $4,426 3.63%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 2 $1,410,000 $705,000 $5,038 2.69%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 3 $1,355,000 $451,667 $10,467 3.08%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 4 $1,210,000 $302,500 $6,041 2.75%
CANTON-MASSILLON, OH (FHA|USDA|VA) 1 $1,175,000 $1,175,000 $4,660 3.38%
ST. JOSEPH, MO-KS (FHA|USDA|VA) 6 $1,120,000 $186,667 $3,817 3.19%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 2 $1,100,000 $550,000 $24,676 2.75%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 2 $1,020,000 $510,000 $3,468 3.75%
Breckenridge, CO (FHA|USDA|VA) 2 $990,000 $495,000 $6,846 2.69%
GREELEY, CO (FHA|USDA|VA) 3 $975,000 $325,000 $6,001 2.96%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 2 $900,000 $450,000 $3,236 3.12%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 2 $880,000 $440,000 $4,416 2.63%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $860,000 $430,000 $4,357 3.00%
Warrensburg, MO (FHA|USDA|VA) 3 $855,000 $285,000 $4,501 2.71%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $835,000 $835,000 $7,656 3.25%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 2 $780,000 $390,000 $1,436 2.50%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $735,000 $735,000 $11,034 2.75%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 2 $710,000 $355,000 $9,648 3.12%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $705,000 $705,000 $5,832 2.88%
TULSA, OK (FHA|USDA|VA) 2 $640,000 $320,000 $5,061 2.75%
LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 1 $635,000 $635,000 $4,632 3.13%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 3 $615,000 $205,000 $5,923 2.50%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 3 $565,000 $188,333 $3,953 2.96%
WINSTON-SALEM, NC (FHA|USDA|VA) 1 $545,000 $545,000 $3,943 2.88%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $485,000 $485,000 $4,523 2.25%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $465,000 $465,000 $4,201 2.25%
RALEIGH-CARY, NC (FHA|USDA|VA) 1 $405,000 $405,000 $3,458 3.00%
YUBA CITY, CA (FHA|USDA|VA) 1 $365,000 $365,000 $15,788 2.25%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $345,000 $345,000 $3,661 3.63%
MONROE, LA (FHA|USDA|VA) 1 $335,000 $335,000 $5,400 2.63%
TUCSON, AZ (FHA|USDA|VA) 1 $335,000 $335,000 $2,462 2.25%
FRESNO, CA (FHA|USDA|VA) 1 $325,000 $325,000 $2,340 2.75%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $325,000 $325,000 $10,883 2.38%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $325,000 $325,000 $5,789 2.25%
SPRINGFIELD, MO (FHA|USDA|VA) 1 $315,000 $315,000 $2,010 2.25%
EL PASO, TX (FHA|USDA|VA) 2 $290,000 $145,000 $3,199 3.19%
COLUMBIA, MO (FHA|USDA|VA) 1 $285,000 $285,000 $2,209 2.25%
ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 1 $275,000 $275,000 $11,877 2.63%
RICHMOND, VA (FHA|USDA|VA) 1 $255,000 $255,000 $6,236 2.87%
MANHATTAN, KS (FHA|USDA|VA) 1 $235,000 $235,000 $1,798 2.99%
AKRON, OH (FHA|USDA|VA) 1 $195,000 $195,000 $2,699 2.88%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $195,000 $195,000 $5,082 3.50%
REDDING, CA (FHA|USDA|VA) 1 $195,000 $195,000 $2,984 3.00%
CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $195,000 $195,000 $4,430 2.63%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $185,000 $185,000 $2,704 2.63%
OSHKOSH-NEENAH, WI (FHA|USDA|VA) 1 $185,000 $185,000 $2,756 3.63%
Sterling, CO (FHA|USDA|VA) 1 $175,000 $175,000 $6,653 2.50%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $175,000 $175,000 $2,872 3.13%
Hays, KS (FHA|USDA|VA) 1 $145,000 $145,000 $3,116 3.88%
Enterprise, AL (FHA|USDA|VA) 1 $145,000 $145,000 $2,156 3.00%
Kalispell, MT (FHA|USDA|VA) 1 $145,000 $145,000 $2,538 2.75%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $135,000 $135,000 $3,381 3.38%
Altus, OK (FHA|USDA|VA) 1 $95,000 $95,000 $4,287 3.88%
Branson, MO (FHA|USDA|VA) 1 $85,000 $85,000 $2,113 2.75%
Moberly, MO (FHA|USDA|VA) 1 $75,000 $75,000 $2,509 2.99%
Seymour, IN (FHA|USDA|VA) 1 $75,000 $75,000 $2,065 3.25%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 1 $65,000 $65,000 $2,262 3.00%

Academy Bank's top markets include Kansas City, Denver, Houston, Colorado Springs, and Phoenix among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 751 $236,435,000 $314,827 $2,971 3.00%
VA 59 $21,995,000 $372,797 $6,604 2.47%
FHA 27 $6,465,000 $239,444 $6,679 2.96%
USDA 1 $305,000 $305,000 $6,893 2.75%

For the 2021 period, Academy Bank's most frequently originated loan type of loans were Conventional, with 751 originations. Their 2nd most popular type is VA, with 59 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 483 $142,275,000 $294,565 $3,077 2.92%
Home Purchase 354 $122,700,000 $346,610 $3,746 3.01%
Cash Out Refi 1 $225,000 $225,000 $2,211 2.88%

For the 2021, Academy Bank's most frequently cited loan purpose of loans were Refi, with 483 originations. The 2nd most popular reason of loans were Home Purchase, with 354 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 690 $213,180,000 $308,957 $3,467 3.00%
15 Year 86 $21,320,000 $247,907 $2,696 2.47%
20 Year 31 $11,175,000 $360,484 $2,610 2.67%
Other 12 $6,920,000 $576,667 $2,471 4.06%
10 Year 9 $3,895,000 $432,778 $2,990 2.65%
5 Year 5 $1,265,000 $253,000 $4,844 4.45%
3 Year 4 $6,990,000 $1,747,500 $5,019 4.19%
30+ year 1 $455,000 $455,000 $7,681 2.63%

For the 2021, Academy Bank's most frequently cited loan length of loans were 30 Year, with 690 originations. The 2nd most popular length of loans were 15 Year, with 86 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 453 $132,495,000 $292,483
$1k-2k 300 $94,310,000 $314,367
$2k-3k 39 $11,945,000 $306,282
$3k-4k 22 $8,790,000 $399,545
$5k+ 8 $3,430,000 $428,750

$3,467 of loans were Academy Bank's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 453 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 386 $117,120,000 $303,420
3-4% 255 $93,485,000 $366,608
<2.5% 168 $45,520,000 $270,952
4-5% 28 $9,040,000 $322,857
6-7% 1 $35,000 $35,000

During 2021, Academy Bank's average interest rate of loans were 3.00%, while their most frequently originated rate bucket of loans were 2.5-3%, with 386 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 373 $105,765,000 $283,552 $3,365 2.89%
$100k-200k 235 $35,105,000 $149,383 $2,734 2.97%
$400k-600k 130 $63,650,000 $489,615 $3,768 2.95%
$100,000 or less 49 $3,825,000 $78,061 $2,701 3.25%
$600k-1MM 32 $24,530,000 $766,563 $5,024 3.04%
$1MM+ 19 $32,325,000 $1,701,316 $7,797 3.32%

2021 saw Academy Bank place emphasis on $200k-400k loans with 373 originations, totaling $105,765,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 204 $55,950,000 $274,265 $3,134 2.90%
$150k-250k 169 $60,895,000 $360,325 $3,368 3.04%
$50k-75k 127 $27,525,000 $216,732 $3,225 2.92%
$75k-100k 126 $31,270,000 $248,175 $3,548 2.88%
$250k+ 95 $53,535,000 $563,526 $4,380 3.11%
$50k or less 62 $10,280,000 $165,806 $3,002 2.89%

Academy Bank lent most frequently to those with incomes in the $100k-150k range, with 204 originations. The second most popular income band? $150k-250k, with 169 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 212 $65,480,000 $308,868 $3,190 2.92%
30-36% 152 $45,560,000 $299,737 $3,095 3.00%
<20% 87 $24,195,000 $278,103 $2,637 2.76%
39% 38 $13,840,000 $364,211 $3,405 2.97%
37% 38 $9,850,000 $259,211 $3,455 2.90%
42% 34 $10,040,000 $295,294 $3,304 3.14%
44% 29 $8,945,000 $308,448 $2,991 3.06%
38% 29 $8,025,000 $276,724 $3,177 3.02%
43% 29 $8,375,000 $288,793 $3,570 2.93%
41% 24 $8,570,000 $357,083 $4,123 3.07%
36% 22 $8,690,000 $395,000 $5,247 2.99%
47% 19 $4,925,000 $259,211 $3,599 2.97%
49% 18 $6,010,000 $333,889 $5,447 2.97%
46% 17 $5,955,000 $350,294 $3,619 3.04%
45% 15 $3,825,000 $255,000 $2,607 2.95%
40% 15 $3,325,000 $221,667 $3,422 2.97%
48% 15 $5,355,000 $357,000 $5,433 2.97%
50-60% 6 $2,270,000 $378,333 $8,693 2.75%
>60% 1 $255,000 $255,000 $0 4.25%

Academy Bank lent most frequently to those with DTI ratios of 20-30%, with 212 originations. The next most common DTI ratio? 30-36%, with 152 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 595 $185,205,000 $311,269 $3,221 2.93%
Not provided 156 $46,310,000 $296,859 $3,431 2.99%
Not applicable 14 $13,910,000 $993,571 $0 4.28%
Asian 42 $11,930,000 $284,048 $4,674 2.94%
Black 25 $6,245,000 $249,800 $3,456 2.83%
American Indian 5 $1,355,000 $271,000 $6,119 2.92%
Asian Indian 1 $245,000 $245,000 $1,976 2.25%

Approval Rates

Total approvals of all applications
93.14%

Academy Bank has an average approval rate.

Pick Rate

Approvals leading to origination
70.90%

Academy Bank has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 838 $265,200,000 $316,468

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
838 $265,200,000 $316,468

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 39 $9,355,000 $239,872 $3,130 2.76%
40-60% 133 $35,955,000 $270,338 $2,817 2.78%
60-80% 363 $116,545,000 $321,061 $3,042 3.11%
80-100% 289 $95,595,000 $330,779 $3,732 2.90%
Over 100% 7 $6,055,000 $865,000 $18,707 2.82%
Under 20% 1 $115,000 $115,000 $2,404 2.00%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
Academy Mortgage Corporation Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 3 12.0%
Academy Mortgage Corporation Conventional home mortgage Closing on a mortgage 5 20.0%
Academy Mortgage Corporation Conventional home mortgage Trouble during payment process 7 28.0%
Academy Mortgage Corporation FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 4.0%
Academy Mortgage Corporation FHA mortgage Closing on a mortgage 2 8.0%
Academy Mortgage Corporation FHA mortgage Trouble during payment process 1 4.0%
Academy Mortgage Corporation Other type of mortgage Trouble during payment process 3 12.0%
Academy Mortgage Corporation VA mortgage Applying for a mortgage or refinancing an existing mortgage 2 8.0%
Academy Mortgage Corporation VA mortgage Closing on a mortgage 1 4.0%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Academy Bank, National Association 1202 South Kirkwood Road Kirkwood, MO 63122 Full Service Retail $10,503
Academy Bank, National Association 100 Thf Blvd Chesterfield, MO 63005 Full Service Retail $12,426
Academy Bank, National Association 100 W 92 Hwy Kearney, MO 64060 Limited, Drive-thru $0
Academy Bank, National Association 1000 Ne Sam Walton Ln Lees Summit, MO 64063 Full Service Retail $21,485
Academy Bank, National Association 10000 College Boulevard Overland Park, KS 66210 Full Service B&M $45,062
Academy Bank, National Association 10824 Parallel Pkwy Kansas City, KS 66109 Full Service Retail $7,196
Academy Bank, National Association 10900 East Briarwood Avenue Centennial, CO 80111 Full Service Retail $9,481
Academy Bank, National Association 110 South Stewart Rd Liberty, MO 64068 Full Service B&M $17,777
Academy Bank, National Association 1101 Branson Hill S Pkway Branson, MO 65616 Full Service Retail $13,072
Academy Bank, National Association 1201 East Grindstone Parkway Columbia, MO 65201 Full Service Retail $10,283
Academy Bank, National Association 1607 West Bethany Home Road Phoenix, AZ 85015 Full Service Retail $4,523
Academy Bank, National Association 16100 W 65th St Shawnee Mission, KS 66217 Full Service Retail $28,795
Academy Bank, National Association 1650 Space Center Drive Colorado Springs, CO 80915 Full Service B&M $18,291
Academy Bank, National Association 1650 West Valencia Road Tucson, AZ 85746 Full Service Retail $8,340
Academy Bank, National Association 1700 N. 291 Highway Harrisonville, MO 64701 Full Service Retail $18,259
Academy Bank, National Association 1701 W 133rd St. Kansas City, MO 64145 Full Service Retail $17,884
Academy Bank, National Association 1881 Main St Kansas City, MO 64108 Full Service B&M $0
Academy Bank, National Association 1881 Main St Kansas City, MO 64108 Full Service B&M $606,029
Academy Bank, National Association 1923 E. Kearney Springfield, MO 65803 Full Service Retail $9,981
Academy Bank, National Association 2004 West Marler Lane Ozark, MO 65721 Full Service Retail $8,750
Academy Bank, National Association 2015 Foxwood Drive Raymore, MO 64083 Full Service Retail $17,987
Academy Bank, National Association 2021 East Independence Street Springfield, MO 65804 Full Service Retail $19,130
Academy Bank, National Association 2501 South Avenue B Yuma, AZ 85364 Full Service Retail $13,653
Academy Bank, National Association 2514 Main Street Longmont, CO 80504 Full Service Retail $10,470
Academy Bank, National Association 2545 Rimrock Avenue Grand Junction, CO 81505 Full Service Retail $5,572
Academy Bank, National Association 2835 Briargate Blvd Colorado Springs, CO 80920 Full Service B&M $27,435
Academy Bank, National Association 2881 North Avenue Grand Junction, CO 81501 Full Service Retail $10,790
Academy Bank, National Association 301 East Cooper Street Warrensburg, MO 64093 Full Service Retail $15,190
Academy Bank, National Association 3022 S Belt Highway Saint Joseph, MO 64503 Full Service Retail $16,775
Academy Bank, National Association 3103 23rd Avenue Greeley, CO 80631 Full Service Retail $7,108
Academy Bank, National Association 3201 E. Platte Avenue Colorado Springs, CO 80909 Full Service Retail $9,643
Academy Bank, National Association 3270 Telegraph Road Saint Louis, MO 63125 Full Service B&M $628
Academy Bank, National Association 3301 North Tower Road Aurora, CO 80011 Full Service Retail $5,331
Academy Bank, National Association 3315 S Campbell Springfield, MO 65807 Full Service Retail $16,646
Academy Bank, National Association 3520 W. Sunshine Springfield, MO 65807 Full Service Retail $9,762
Academy Bank, National Association 395 North K7 Highway Olathe, KS 66061 Full Service Retail $10,887
Academy Bank, National Association 4080 West Northern Avenue Pueblo, CO 81005 Full Service Retail $11,847
Academy Bank, National Association 4200 Dillon Drive Pueblo, CO 81008 Full Service Retail $11,593
Academy Bank, National Association 4201 North Belt Highway Saint Joseph, MO 64506 Full Service Retail $19,271
Academy Bank, National Association 4400 Shawnee Mission Pkwy Fairway, KS 66205 Full Service B&M $49,255
Academy Bank, National Association 5605 West Northern Avenue Glendale, AZ 85301 Full Service Retail $5,499
Academy Bank, National Association 5650 South Chambers Rd Aurora, CO 80015 Full Service Retail $9,893
Academy Bank, National Association 5990 Dahlia Street Commerce City, CO 80022 Full Service Retail $6,397
Academy Bank, National Association 5999 E Colfax Ave Denver, CO 80220 Full Service B&M $5,542
Academy Bank, National Association 60 West Bromley Lane Brighton, CO 80601 Full Service Retail $16,388
Academy Bank, National Association 600 Ne Coronado Drive Blue Springs, MO 64014 Full Service Retail $14,428
Academy Bank, National Association 601 Englewood Parkway Englewood, CO 80110 Full Service Retail $11,421
Academy Bank, National Association 6101 South Aurora Parkway Aurora, CO 80016 Full Service Retail $9,515
Academy Bank, National Association 6310 U.S. Highway 85/87 Fountain, CO 80817 Full Service Retail $10,579
Academy Bank, National Association 653 Gravois Bluff's Blvd Fenton, MO 63026 Full Service Retail $16,922
Academy Bank, National Association 6976 West 135th Street Overland Park, KS 66223 Full Service B&M $16,633
Academy Bank, National Association 707 South 8th Street Colorado Springs, CO 80905 Full Service Retail $9,300
Academy Bank, National Association 7150 East Camelback Road, Suite 100 Scottsdale, AZ 85251 Full Service B&M $10,184
Academy Bank, National Association 7155 Sheridan Blvd Westminster, CO 80003 Full Service Retail $10,788
Academy Bank, National Association 7455 West Colfax Avenue Lakewood, CO 80214 Full Service Retail $12,068
Academy Bank, National Association 78 N. Mcculloch Blvd Pueblo, CO 81007 Full Service Retail $13,272
Academy Bank, National Association 7800 E. Smith Road Denver, CO 80207 Full Service Retail $5,953
Academy Bank, National Association 8250 Razorback Road Colorado Springs, CO 80920 Full Service Retail $12,615
Academy Bank, National Association 8301 N. Church Road Kansas City, MO 64158 Full Service Retail $20,921
Academy Bank, National Association 8480 East Orchard Road Greenwood Village, CO 80111 Full Service B&M $20,648
Academy Bank, National Association 8551 N. Boardwalk Kansas City, MO 64154 Full Service Retail $20,531
Academy Bank, National Association 8808 Renner Blvd. Lenexa, KS 66219 Full Service B&M $3,564
Academy Bank, National Association 908 Walton Way Richmond, MO 64085 Full Service Retail $16,360
Academy Bank, National Association 920 47th Avenue Greeley, CO 80634 Full Service Retail $8,027
Academy Bank, National Association 9400 East Hampden Avenue Denver, CO 80231 Full Service Retail $11,029
Academy Bank, National Association 9499 Sheridan Boulevard Westminster, CO 80031 Full Service Retail $8,454
Academy Bank, National Association 950 West 92 Highway Kearney, MO 64060 Full Service B&M $102,972
Academy Bank, National Association 9600 E Hampden Ave Denver, CO 80231 Full Service B&M $17,854
Academy Bank, National Association 99 Northeast 72nd Street Gladstone, MO 64118 Full Service B&M $24,085
Academy Bank, National Association 9901 Grant St Thornton, CO 80229 Full Service Retail $7,417
Academy Bank, National Association One South Tejon Street Colorado Springs, CO 80903 Full Service B&M $41,137
Academy Bank, National Association 1250 E. Magnolia Fort Collins, CO 80524 Full Service Retail $10,670
Academy Bank, National Association 12801 Kansas Avenue Bonner Springs, KS 66012 Full Service Retail $13,595
Academy Bank, National Association 12900 W. Thunderbird El Mirage, AZ 85335 Full Service Retail $7,314
Academy Bank, National Association 1301 E Highway 24 Moberly, MO 65270 Full Service Retail $11,168
Academy Bank, National Association 13010 S. Commercial Drive Bonner Springs, KS 66012 Full Service B&M $7,174
Academy Bank, National Association 13218 W 87th St Lenexa, KS 66215 Full Service B&M $14,993
Academy Bank, National Association 1325 Denver Street Loveland, CO 80537 Full Service Retail $10,470
Academy Bank, National Association 13420 Coal Mine Road Littleton, CO 80127 Full Service Retail $23,936
Academy Bank, National Association 13600 S Alden St Olathe, KS 66062 Full Service Retail $17,554
Academy Bank, National Association 15084 S. Black Bob Road Olathe, KS 66062 Full Service B&M $14,069
Academy Bank, National Association 1575 Space Center Drive Colorado Springs, CO 80915 Full Service Retail $5,611

For 2021, Academy Bank had 82 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $85,223
Net interest income $76,284
Total noninterest income $67,311
Gross Fiduciary activities income $0
Service charges on deposit accounts $34,195
Trading account gains and fees $0
Additional Noninterest Income $33,116
Pre-tax net operating income $47,701
Securities gains (or losses, -) $-122
Income before extraordinary items $36,486
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $36,486
Minority interest net income $0
Net income $36,486
Sale, conversion, retirement of capital stock, net $0
Net operating income $36,582

Academy Bank's gross interest income from loans was $85,223,000.
Academy Bank's net interest income from loans was $76,284,000.
Academy Bank's fee based income from loans was $34,195,000.
Academy Bank's net income from loans was $36,486,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $8,939
Provision for credit losses $3,000
Total noninterest expense $92,894
Salaries and employee benefits $48,323
Premises and equipment expense $12,702
Additional noninterest expense $31,869
Applicable income taxes $11,093
Net charge-offs $4,092
Cash dividends $0

Academy Bank's interest expense for loans was $8,939,000.
Academy Bank's payroll and benefits expense were $48,323,000.
Academy Bank's property, plant and equipment expenses $12,702,000.

Loan Performance

Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
All loans 1.0%
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 2.0%
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 $1,832,895
Deposits held in domestic offices $1,832,895
Deposits by Individuals, partnerships, and corporations $1,726,747
Deposits by U.S. Government $7
Deposits by States and political subdivisions in the U.S. $21,466
Deposits by Commercial banks and other depository institutions in U.S. $84,675
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $624,074
Demand deposits $624,074
Nontransaction accounts $1,208,821
Money market deposit accounts (MMDAs) $437,078
Other savings deposits (excluding MMDAs) $121,357
Total time deposits $650,386
Total time and savings deposits $1,208,821
Noninterest-bearing deposits $481,200
Interest-bearing deposits $1,351,695
Retail deposits $1,644,854
IRAs and Keogh plan accounts $41,137
Brokered deposits $95,000
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $2,305,640
Cash & Balances due from depository institutions $218,874
Interest-bearing balances $177,315
Total securities $379,335
Federal funds sold & reverse repurchase $0
Net loans and leases $1,632,146
Loan and leases loss allowance $32,511
Trading account assets $0
Bank premises and fixed assets $25,043
Other real estate owned $0
Goodwill and other intangibles $14,511
All other assets $35,731

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $2,305,640
Total Liabilities $1,917,838
Total deposits $1,832,895
Interest-bearing deposits $1,351,695
Deposits held in domestic offices $1,832,895
% insured (estimated) $70
Federal funds purchased and repurchase agreements $13,445
Trading liabilities $0
Other borrowed funds $47,012
Subordinated debt $0
All other liabilities $24,486

Issued Loan Types

Type Value (in 000's)
Net loans and leases $1,632,146
Loan and leases loss allowance $32,511
Total loans and leases (domestic) $1,664,657
All real estate loans $1,146,548
Real estate loans in domestic offices $1,146,548
Construction and development loans $110,823
Residential 1-4 family construction $41,535
Other construction, all land development and other land $69,288
Loans secured by nonfarm nonresidential properties $775,267
Nonfarm nonresidential secured by owner-occupied properties $124,389
Commercial real estate & other non-farm, non-residential $650,878
Multifamily residential real estate $51,230
1-4 family residential loans $205,922
Farmland loans $3,306
Loans held in foreign offices $0
Farm loans $616
Commercial and industrial loans $432,221
To non-U.S. addressees $0
Loans to individuals $17,428
Credit card loans $2,662
Related Plans $6,906
Consumer Auto Loans $605
Other loans to individuals $7,255
All other loans & leases $67,844
Loans to foreign governments and official institutions $0
Other loans $21,484
Loans to depository institutions and acceptances of other banks $0
Loans not secured by real estate $23,128
Loans secured by real estate to non-U.S. addressees $0
Restructured Loans & leases $125
Non 1-4 family restructured loans & leases $0
Total loans and leases (foreign) $0

Academy Bank had $1,632,146,000 of loans outstanding in 2021. $1,146,548,000 of loans were in real estate loans. $110,823,000 of loans were in development loans. $51,230,000 of loans were in multifamily mortgage loans. $205,922,000 of loans were in 1-4 family mortgage loans. $616,000 of loans were in farm loans. $2,662,000 of loans were in credit card loans. $605,000 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 141 $51,616 $366,071
Nonfarm, nonresidential loans - <$100k 14 $414 $29,571
Nonfarm, nonresidential loans - $100-250k 26 $3,756 $144,462
Nonfarm, nonresidential loans - $250k-1MM 101 $47,446 $469,762
Commercial & Industrial, US addressed loans - <$1MM 367 $33,333 $90,826
Commercial & Industrial, US addressed loans - <$100k 176 $2,709 $15,392
Commercial & Industrial, US addressed loans - $100-250k 94 $7,091 $75,436
Commercial & Industrial, US addressed loans - $250k-1MM 97 $23,533 $242,608
Farmland loans - <$1MM 14 $1,547 $110,500
Farmland loans - <$100k 8 $372 $46,500
Farmland loans - $100-250k 1 $91 $91,000
Farmland loans - $250k-1MM 5 $1,084 $216,800
Agriculture operations loans - <$1MM 2 $21 $10,500
Agriculture operations loans - <$100k 2 $21 $10,500