Ameristate Bank Mortgage Rates, Fees & Info

Atoka, OK

LEI: 549300NXKD4J4RBJI403

Tax ID: 73-0133600

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

Jump to:

Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Ameristate Bank is a smaller bank specializing in Home Purchase and Refi loans. Ameristate Bank has a high proportion of conventional loans. Their top markets by origination volume include: Sherman, Ardmore, Durant, Ada, and Tulsa among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Ameristate Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

    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.


    Originations

    114

    Origination Dollar Volume (All Markets)

    $12,280,000

    Employee count

    79

    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
    Outside of Metro Areas 93 $8,905,000 $95,753 $0 0.00%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 13 $1,405,000 $108,077 $0 0.00%
    Ardmore, OK (FHA|USDA|VA) 1 $1,215,000 $1,215,000 $0 0.00%
    Durant, OK (FHA|USDA|VA) 2 $310,000 $155,000 $0 0.00%
    Ada, OK (FHA|USDA|VA) 4 $290,000 $72,500 $0 0.00%
    TULSA, OK (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
    Ameristate Bank's top markets include Sherman, Ardmore, Durant, Ada, and Tulsa among others.

    Their top states include:
  • Oklahoma (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 114 $12,280,000 $107,719 $0 0.00%

    For 2018, Ameristate Bank's most frequently originated type of loan was Conventional, with 114 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 74 $8,980,000 $121,351 $0 0.00%
    Refi 26 $2,660,000 $102,308 $0 0.00%
    Home Improvement 9 $345,000 $38,333 $0 0.00%
    Other 5 $295,000 $59,000 $0 0.00%

    For 2018, Ameristate Bank's most frequently cited loan purpose was Home Purchase, with 74 originations. The 2nd most popular reason was Refi, with 26 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 114 $12,280,000 $107,719 $0 0.00%

    For 2018, Ameristate Bank's most frequently cited loan duration was Other, with 114 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 71 $3,465,000 $48,803 $0 0.00%
    $100k-200k 32 $4,280,000 $133,750 $0 0.00%
    $200k-400k 8 $1,940,000 $242,500 $0 0.00%
    $1MM+ 1 $1,215,000 $1,215,000 $0 0.00%
    $400k-600k 1 $565,000 $565,000 $0 0.00%
    $600k-1MM 1 $815,000 $815,000 $0 0.00%

    2018 saw Ameristate Bank place emphasis on $100,000 or less loans with 71 originations, totaling $3,465,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 26 $1,190,000 $45,769 $0 0.00%
    $50k-75k 19 $1,595,000 $83,947 $0 0.00%
    $100k-150k 17 $1,385,000 $81,471 $0 0.00%
    $75k-100k 10 $1,010,000 $101,000 $0 0.00%
    $150k-250k 7 $955,000 $136,429 $0 0.00%
    $250k+ 5 $865,000 $173,000 $0 0.00%

    Ameristate Bank lent most frequently to those with incomes in the $50k or less range, with 26 originations. The second most popular income band? $50k-75k, with 19 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 114 $12,280,000 $107,719 $0 0.00%

    Ameristate Bank lent most frequently to those with DTI ratios of Exempt%, with 114 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 68 $6,370,000 $93,676 $0 0.00%
    Not applicable 18 $4,110,000 $228,333 $0 0.00%
    American Indian 21 $1,485,000 $70,714 $0 0.00%
    Black 4 $200,000 $50,000 $0 0.00%
    Asian 2 $90,000 $45,000 $0 0.00%
    Not provided 1 $25,000 $25,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    83.02%

    Ameristate Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    84.21%

    Ameristate Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 114 $12,280,000 $107,719

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 3 $1,055,000 $351,667
    Single Family (1-4 Units):Manufactured 18 $950,000 $52,778
    Single Family (1-4 Units):Site-Built 93 $10,275,000 $110,484

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    AMERIS BANCORP Other type of mortgage Closing on a mortgage 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Ameristate Bank 113 South Pennsylvania Atoka, OK 74525 Full Service B&M $171,835
    Ameristate Bank 2410 Loy Lake Road Sherman, TX 75090 Full Service B&M $33,887
    Ameristate Bank 418 West Main Antlers, OK 74523 Full Service B&M $29,738
    Ameristate Bank Highway 69 And Virginia Street Atoka, OK 74525 Full Service B&M $5,817

    For 2018, Ameristate Bank had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $14,713
    Net interest income $12,152
    Total noninterest income $3,295
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,393
    Trading account gains and fees $0
    Additional Noninterest Income $1,902
    Pre-tax net operating income $3,286
    Securities gains (or losses, -) $0
    Income before extraordinary items $3,286
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,286
    Minority interest net income $0
    Net income $3,286
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,286

    Ameristate Bank's gross interest income from loans was $14,713,000.
    Ameristate Bank's net interest income from loans was $12,152,000.
    Ameristate Bank's fee based income from loans was $1,393,000.
    Ameristate Bank's net income from loans was $3,286,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,561
    Provision for credit losses $1,881
    Total noninterest expense $10,280
    Salaries and employee benefits $5,516
    Premises and equipment expense $1,216
    Additional noninterest expense $3,548
    Applicable income taxes $0
    Net charge-offs $1,203
    Cash dividends $3,285

    Ameristate Bank's interest expense for loans was $2,561,000.
    Ameristate Bank's payroll and benefits expense were $5,516,000.
    Ameristate Bank's property, plant and equipment expenses $1,216,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 2.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    Commercial & industrial loans 1.0%
    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 $242,792
    Deposits held in domestic offices $242,792
    Deposits by Individuals, partnerships, and corporations $218,073
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $24,719
    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 $99,893
    Demand deposits $36,968
    Nontransaction accounts $142,899
    Money market deposit accounts (MMDAs) $8,143
    Other savings deposits (excluding MMDAs) $26,478
    Total time deposits $108,278
    Total time and savings deposits $205,824
    Noninterest-bearing deposits $38,172
    Interest-bearing deposits $204,620
    Retail deposits $200,223
    IRAs and Keogh plan accounts $11,725
    Brokered deposits $13,650
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $270,466
    Cash & Balances due from depository institutions $18,370
    Interest-bearing balances $15,117
    Total securities $10,471
    Federal funds sold & reverse repurchase $7,257
    Net loans and leases $218,454
    Loan and leases loss allowance $3,467
    Trading account assets $0
    Bank premises and fixed assets $7,893
    Other real estate owned $135
    Goodwill and other intangibles $0
    All other assets $7,886

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $270,465
    Total Liabilities $247,543
    Total deposits $242,792
    Interest-bearing deposits $204,620
    Deposits held in domestic offices $242,792
    % insured (estimated) $81
    Federal funds purchased and repurchase agreements $509
    Trading liabilities $0
    Other borrowed funds $2,730
    Subordinated debt $0
    All other liabilities $1,512

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $218,454
    Loan and leases loss allowance $3,467
    Total loans and leases (domestic) $221,921
    All real estate loans $166,701
    Real estate loans in domestic offices $166,701
    Construction and development loans $22,062
    Residential 1-4 family construction $6,771
    Other construction, all land development and other land $15,291
    Loans secured by nonfarm nonresidential properties $62,768
    Nonfarm nonresidential secured by owner-occupied properties $38,828
    Commercial real estate & other non-farm, non-residential $23,940
    Multifamily residential real estate $2,057
    1-4 family residential loans $52,443
    Farmland loans $27,371
    Loans held in foreign offices $0
    Farm loans $8,139
    Commercial and industrial loans $19,379
    To non-U.S. addressees $0
    Loans to individuals $25,842
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $10,680
    Other loans to individuals $15,162
    All other loans & leases $1,860
    Loans to foreign governments and official institutions $0
    Other loans $374
    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

    Ameristate Bank had $218,454,000 of loans outstanding in 2018. $166,701,000 of loans were in real estate loans. $22,062,000 of loans were in development loans. $2,057,000 of loans were in multifamily mortgage loans. $52,443,000 of loans were in 1-4 family mortgage loans. $8,139,000 of loans were in farm loans. $0 of loans were in credit card loans. $10,680,000 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 268 $28,150 $105,037
    Nonfarm, nonresidential loans - <$100k 104 $4,259 $40,952
    Nonfarm, nonresidential loans - $100-250k 79 $6,185 $78,291
    Nonfarm, nonresidential loans - $250k-1MM 85 $17,706 $208,306
    Commercial & Industrial, US addressed loans - <$1MM 157 $9,853 $62,758
    Commercial & Industrial, US addressed loans - <$100k 112 $2,856 $25,500
    Commercial & Industrial, US addressed loans - $100-250k 23 $1,565 $68,043
    Commercial & Industrial, US addressed loans - $250k-1MM 22 $5,432 $246,909
    Farmland loans - <$1MM 168 $17,149 $102,077
    Farmland loans - <$100k 94 $3,246 $34,532
    Farmland loans - $100-250k 50 $6,839 $136,780
    Farmland loans - $250k-1MM 24 $7,064 $294,333
    Agriculture operations loans - <$1MM 210 $7,470 $35,571
    Agriculture operations loans - <$100k 187 $4,100 $21,925
    Agriculture operations loans - $100-250k 15 $1,803 $120,200
    Agriculture operations loans - $250k-1MM 8 $1,567 $195,875