Border Bank Mortgage Rates, Fees & Info

Greenbush, MN

LEI: 549300O21ZSMIFYKF479

Tax ID: 41-0288050

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Border Bank is a smaller bank specializing in various types of mortgages.



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    Originations

    0

    Origination Dollar Volume (All Markets)

    $0

    Employee count

    154

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Border Bank 1083 3rd St Nw Roseau, MN 56751 Full Service B&M $73,604
    Border Bank 123 Main St S Clearbrook, MN 56634 Full Service B&M $48,990
    Border Bank 133 Main Street North Greenbush, MN 56726 Full Service B&M $119,777
    Border Bank 1414 Highway 71 International Falls, MN 56649 Full Service B&M $46,705
    Border Bank 150 Hill Ave S Middle River, MN 56737 Full Service B&M $34,219
    Border Bank 1528 Highway 59 S Thief River Falls, MN 56701 Full Service B&M $102,965
    Border Bank 202 N Main St Badger, MN 56714 Full Service B&M $24,849
    Border Bank 4530 17th Avenue South Fargo, ND 58103 Full Service B&M $132,179
    Border Bank 605 Main Street West Baudette, MN 56623 Full Service B&M $67,540
    Border Bank 9950 Foley Blvd Nw Coon Rapids, MN 55433 Full Service B&M $90,604

    For 2021, Border Bank had 10 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $32,505
    Net interest income $28,819
    Total noninterest income $5,546
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $617
    Trading account gains and fees $0
    Additional Noninterest Income $4,929
    Pre-tax net operating income $9,165
    Securities gains (or losses, -) $16
    Income before extraordinary items $8,517
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $8,517
    Minority interest net income $0
    Net income $8,517
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $8,502

    Border Bank's gross interest income from loans was $32,505,000.
    Border Bank's net interest income from loans was $28,819,000.
    Border Bank's fee based income from loans was $617,000.
    Border Bank's net income from loans was $8,517,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,686
    Provision for credit losses $950
    Total noninterest expense $24,250
    Salaries and employee benefits $14,438
    Premises and equipment expense $3,334
    Additional noninterest expense $6,478
    Applicable income taxes $664
    Net charge-offs $136
    Cash dividends $3,550

    Border Bank's interest expense for loans was $3,686,000.
    Border Bank's payroll and benefits expense were $14,438,000.
    Border Bank's property, plant and equipment expenses $3,334,000.

    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 $759,263
    Deposits held in domestic offices $759,263
    Deposits by Individuals, partnerships, and corporations $738,916
    Deposits by U.S. Government $2
    Deposits by States and political subdivisions in the U.S. $16,608
    Deposits by Commercial banks and other depository institutions in U.S. $3,737
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $311,522
    Demand deposits $217,013
    Nontransaction accounts $447,741
    Money market deposit accounts (MMDAs) $0
    Other savings deposits (excluding MMDAs) $287,162
    Total time deposits $160,580
    Total time and savings deposits $542,250
    Noninterest-bearing deposits $217,018
    Interest-bearing deposits $542,245
    Retail deposits $709,874
    IRAs and Keogh plan accounts $23,155
    Brokered deposits $25,718
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $875,918
    Cash & Balances due from depository institutions $99,451
    Interest-bearing balances $87,555
    Total securities $114,348
    Federal funds sold & reverse repurchase $0
    Net loans and leases $622,059
    Loan and leases loss allowance $7,323
    Trading account assets $0
    Bank premises and fixed assets $9,122
    Other real estate owned $909
    Goodwill and other intangibles $7,424
    All other assets $22,605

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $875,918
    Total Liabilities $792,538
    Total deposits $759,263
    Interest-bearing deposits $542,245
    Deposits held in domestic offices $759,263
    % insured (estimated) $78
    Federal funds purchased and repurchase agreements $5,962
    Trading liabilities $0
    Other borrowed funds $22,000
    Subordinated debt $0
    All other liabilities $5,313

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $622,059
    Loan and leases loss allowance $7,323
    Total loans and leases (domestic) $629,382
    All real estate loans $414,342
    Real estate loans in domestic offices $414,342
    Construction and development loans $31,731
    Residential 1-4 family construction $3,924
    Other construction, all land development and other land $27,807
    Loans secured by nonfarm nonresidential properties $189,281
    Nonfarm nonresidential secured by owner-occupied properties $102,095
    Commercial real estate & other non-farm, non-residential $87,186
    Multifamily residential real estate $40,896
    1-4 family residential loans $83,526
    Farmland loans $68,908
    Loans held in foreign offices $0
    Farm loans $57,604
    Commercial and industrial loans $97,962
    To non-U.S. addressees $0
    Loans to individuals $38,563
    Credit card loans $0
    Related Plans $1,165
    Consumer Auto Loans $12,785
    Other loans to individuals $24,613
    All other loans & leases $20,911
    Loans to foreign governments and official institutions $0
    Other loans $147
    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 $4,968
    Non 1-4 family restructured loans & leases $4,950
    Total loans and leases (foreign) $0

    Border Bank had $622,059,000 of loans outstanding in 2021. $414,342,000 of loans were in real estate loans. $31,731,000 of loans were in development loans. $40,896,000 of loans were in multifamily mortgage loans. $83,526,000 of loans were in 1-4 family mortgage loans. $57,604,000 of loans were in farm loans. $0 of loans were in credit card loans. $12,785,000 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 406 $74,752 $184,118
    Nonfarm, nonresidential loans - <$100k 149 $6,274 $42,107
    Nonfarm, nonresidential loans - $100-250k 130 $16,464 $126,646
    Nonfarm, nonresidential loans - $250k-1MM 127 $52,014 $409,559
    Commercial & Industrial, US addressed loans - <$1MM 567 $40,061 $70,654
    Commercial & Industrial, US addressed loans - <$100k 374 $8,516 $22,770
    Commercial & Industrial, US addressed loans - $100-250k 107 $10,659 $99,617
    Commercial & Industrial, US addressed loans - $250k-1MM 86 $20,886 $242,860
    Farmland loans - <$1MM 293 $30,229 $103,171
    Farmland loans - <$100k 134 $5,427 $40,500
    Farmland loans - $100-250k 119 $14,565 $122,395
    Farmland loans - $250k-1MM 40 $10,237 $255,925
    Agriculture operations loans - <$1MM 348 $18,628 $53,529
    Agriculture operations loans - <$100k 249 $5,498 $22,080
    Agriculture operations loans - $100-250k 54 $4,871 $90,204
    Agriculture operations loans - $250k-1MM 45 $8,259 $183,533