Academy Bank Mortgage Rates, Fees & Info
Kansas City, MOLEI: 549300LP0CV2MNC1GV68
Tax ID: 84-0567796
5 stars
2021 Data | 2020 Data | 2019 Data | 2018 Data
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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
838Origination Dollar Volume (All Markets)
$265,200,000Employee count
527Awards
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Academy Bank - 2021
Academy Bank is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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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 applications93.14%
Academy Bank has an average approval rate.
Pick Rate
Approvals leading to origination70.90%
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 |
