Stride Bank Mortgage Rates, Fees & Info
Enid, OKLEI: 549300O5WDIJU8S7OI05
Tax ID: 73-0783952
2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Bank Data
Overview
Stride Bank is a smaller bank specializing in Home Purchase loans. Stride Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Oklahoma City, Tulsa, Stillwater, Austin, and Enid among others. Stride 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. Stride Bank is typically an average fee lendor.Originations
1,498Origination Dollar Volume (All Markets)
$351,290,000Employee count
286Awards
Stride Bank - 2021
Stride Bank is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
Work for Stride Bank?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
Relative Rate
Stride Bank's average 30 year fixed rate mortgage of loans were
3.28%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of 0.13%.
Relative Fees
Stride Bank's average total fees for a 30 year fixed rate
mortgage are $5,331.
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 |
|---|---|---|---|---|---|
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 925 | $210,565,000 | $227,638 | $5,103 | 3.26% |
| TULSA, OK (FHA|USDA|VA) | 154 | $43,700,000 | $283,766 | $5,250 | 3.29% |
| Stillwater, OK (FHA|USDA|VA) | 132 | $27,700,000 | $209,848 | $4,362 | 3.31% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 24 | $7,630,000 | $317,917 | $6,378 | 3.11% |
| Outside of Metro Areas | 42 | $7,370,000 | $175,476 | $5,349 | 3.37% |
| ENID, OK (FHA|USDA|VA) | 41 | $6,975,000 | $170,122 | $4,163 | 3.65% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 13 | $4,265,000 | $328,077 | $6,601 | 3.17% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 15 | $3,975,000 | $265,000 | $6,174 | 3.24% |
| Shawnee, OK (FHA|USDA|VA) | 14 | $3,090,000 | $220,714 | $6,471 | 3.53% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $2,475,000 | $2,475,000 | $0 | 4.25% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 6 | $2,320,000 | $386,667 | $9,068 | 3.44% |
| Bartlesville, OK (FHA|USDA|VA) | 13 | $2,085,000 | $160,385 | $4,748 | 3.41% |
| McAlester, OK (FHA|USDA|VA) | 12 | $1,660,000 | $138,333 | $4,619 | 3.24% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 6 | $1,620,000 | $270,000 | $5,104 | 3.31% |
| Durant, OK (FHA|USDA|VA) | 7 | $1,505,000 | $215,000 | $7,339 | 3.39% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 4 | $1,340,000 | $335,000 | $2,675 | 2.75% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 3 | $1,315,000 | $438,333 | $10,344 | 3.04% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 3 | $1,105,000 | $368,333 | $11,202 | 2.96% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 2 | $1,090,000 | $545,000 | $8,701 | 3.38% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 3 | $895,000 | $298,333 | $2,886 | 3.50% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $11,670 | 2.75% |
| GREELEY, CO (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $2,811 | 3.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $10,470 | 2.75% |
| EL PASO, TX (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $4,080 | 3.25% |
| Branson, MO (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $3,422 | 3.88% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $6,841 | 3.81% |
| Plainview, TX (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $0 | 3.00% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $13,331 | 3.38% |
| Kalispell, MT (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $3,264 | 3.25% |
| NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $3,545 | 2.88% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $2,778 | 3.38% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $3,969 | 2.75% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $5,895 | 3.56% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $3,073 | 3.00% |
| WICHITA, KS (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $5,089 | 3.00% |
| Ponca City, OK (FHA|USDA|VA) | 5 | $395,000 | $79,000 | $3,959 | 4.45% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $20,700 | 2.38% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $5,722 | 3.25% |
| LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $2,308 | 3.00% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $2,373 | 2.88% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $11,242 | 3.75% |
| MERCED, CA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $2,937 | 3.38% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $10,516 | 2.88% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $2,792 | 3.25% |
| Tahlequah, OK (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $3,911 | 3.94% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $5,292 | 3.31% |
| BELLINGHAM, WA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,120 | 3.13% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $5,681 | 3.00% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,593 | 3.13% |
| LONGVIEW, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $8,684 | 3.00% |
| Muskogee, OK (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $3,580 | 3.31% |
| TYLER, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $8,355 | 3.50% |
| ANNISTON-OXFORD, AL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,411 | 4.38% |
| Cullowhee, NC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $5,022 | 2.88% |
| RENO, NV (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,053 | 3.25% |
| Woodward, OK (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $3,783 | 3.44% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $8,613 | 3.00% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,262 | 2.63% |
| Duncan, OK (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $2,970 | 3.06% |
| Weatherford, OK (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $5,160 | 3.00% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $6,484 | 2.88% |
| WACO, TX (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $9,048 | 3.00% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $11,298 | 3.63% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,050 | 3.25% |
| Altus, OK (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,628 | 3.25% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $7,534 | 3.25% |
| Paris, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $7,103 | 3.25% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 3.63% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,292 | 3.13% |
| LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $1,579 | 2.88% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,263 | 3.13% |
| LAS CRUCES, NM (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,056 | 2.50% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,307 | 2.50% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,426 | 2.88% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $4,114 | 3.00% |
| LAREDO, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,152 | 2.63% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 3.75% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,657 | 2.63% |
| Hutchinson, KS (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,888 | 3.38% |
Stride Bank's top markets include Oklahoma City, Tulsa, Stillwater, Austin, and Enid among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 1,000 | $238,780,000 | $238,780 | $3,857 | 3.28% |
| FHA | 336 | $65,640,000 | $195,357 | $7,350 | 3.39% |
| VA | 141 | $43,655,000 | $309,610 | $8,216 | 3.06% |
| USDA | 21 | $3,215,000 | $153,095 | $5,369 | 3.14% |
For the 2021 period, Stride Bank's most frequently originated loan type of loans were Conventional, with 1,000 originations. Their 2nd most popular type is FHA, with 336 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Purchase | 1,274 | $292,580,000 | $229,655 | $5,338 | 3.30% |
| Refi | 125 | $38,955,000 | $311,640 | $3,746 | 3.03% |
| Cash Out Refi | 98 | $19,620,000 | $200,204 | $4,476 | 3.43% |
| Home Improvement | 1 | $135,000 | $135,000 | $3,649 | 2.75% |
For the 2021, Stride Bank's most frequently cited loan purpose of loans were Home Purchase, with 1,274 originations. The 2nd most popular reason of loans were Refi, with 125 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 1,311 | $316,775,000 | $241,629 | $5,331 | 3.28% |
| 15 Year | 106 | $19,380,000 | $182,830 | $3,588 | 2.85% |
| 5 Year | 25 | $3,305,000 | $132,200 | $0 | 4.31% |
| 10 Year | 24 | $2,960,000 | $123,333 | $2,803 | 3.61% |
| 20 Year | 22 | $5,180,000 | $235,455 | $3,558 | 3.40% |
| Other | 7 | $3,205,000 | $457,857 | $4,519 | 4.13% |
| 1 Year | 3 | $485,000 | $161,667 | $3,068 | 4.42% |
For the 2021, Stride Bank's most frequently cited loan length of loans were 30 Year, with 1,311 originations. The 2nd most popular length of loans were 15 Year, with 106 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 1,163 | $257,545,000 | $221,449 |
| $2k-3k | 71 | $17,115,000 | $241,056 |
| $3k-4k | 69 | $19,225,000 | $278,623 |
| $<1k | 67 | $15,425,000 | $230,224 |
| $5k+ | 24 | $8,260,000 | $344,167 |
$5,331 of loans were Stride Bank's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 1,163 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 983 | $216,655,000 | $220,402 |
| 2.5-3% | 387 | $93,815,000 | $242,416 |
| 4-5% | 67 | $27,375,000 | $408,582 |
| <2.5% | 53 | $12,735,000 | $240,283 |
| 5-6% | 7 | $655,000 | $93,571 |
| 6-7% | 1 | $55,000 | $55,000 |
During 2021, Stride Bank's average interest rate of loans were 3.28%, while their most frequently originated rate bucket of loans were 3-4%, with 983 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 691 | $189,265,000 | $273,900 | $5,797 | 3.23% |
| $100k-200k | 586 | $89,100,000 | $152,048 | $4,459 | 3.31% |
| $100,000 or less | 127 | $9,965,000 | $78,465 | $3,750 | 3.53% |
| $400k-600k | 83 | $39,505,000 | $475,964 | $5,483 | 3.11% |
| $600k-1MM | 7 | $4,935,000 | $705,000 | $15,358 | 3.38% |
| $1MM+ | 4 | $18,520,000 | $4,630,000 | $5,403 | 4.09% |
2021 saw Stride Bank place emphasis on $200k-400k loans with 691 originations, totaling $189,265,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $50k-75k | 388 | $76,000,000 | $195,876 | $5,376 | 3.27% |
| $100k-150k | 308 | $85,000,000 | $275,974 | $5,485 | 3.24% |
| $50k or less | 285 | $40,745,000 | $142,965 | $4,717 | 3.28% |
| $75k-100k | 285 | $65,455,000 | $229,667 | $5,279 | 3.24% |
| $150k-250k | 139 | $45,685,000 | $328,669 | $4,817 | 3.21% |
| $250k+ | 44 | $12,210,000 | $277,500 | $3,887 | 3.45% |
Stride Bank lent most frequently to those with incomes in the $50k-75k range, with 388 originations. The second most popular income band? $100k-150k, with 308 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 318 | $67,990,000 | $213,805 | $4,542 | 3.18% |
| 30-36% | 289 | $63,735,000 | $220,536 | $4,759 | 3.29% |
| <20% | 89 | $17,455,000 | $196,124 | $3,836 | 3.25% |
| 50-60% | 79 | $19,625,000 | $248,418 | $7,556 | 3.27% |
| 42% | 64 | $14,250,000 | $222,656 | $5,362 | 3.29% |
| 43% | 59 | $13,055,000 | $221,271 | $5,431 | 3.31% |
| 44% | 59 | $12,655,000 | $214,492 | $5,359 | 3.32% |
| 41% | 56 | $12,060,000 | $215,357 | $5,291 | 3.33% |
| 38% | 53 | $12,995,000 | $245,189 | $5,110 | 3.20% |
| 39% | 50 | $10,750,000 | $215,000 | $5,584 | 3.26% |
| 49% | 49 | $11,895,000 | $242,755 | $6,068 | 3.22% |
| 40% | 48 | $11,740,000 | $244,583 | $5,119 | 3.32% |
| 36% | 45 | $10,895,000 | $242,111 | $4,779 | 3.24% |
| 47% | 44 | $12,760,000 | $290,000 | $5,925 | 3.22% |
| 45% | 41 | $9,035,000 | $220,366 | $5,540 | 3.36% |
| 48% | 40 | $9,120,000 | $228,000 | $5,783 | 3.23% |
| 46% | 36 | $8,560,000 | $237,778 | $6,370 | 3.25% |
| 37% | 34 | $7,170,000 | $210,882 | $5,532 | 3.47% |
| >60% | 3 | $725,000 | $241,667 | $3,673 | 3.81% |
Stride Bank lent most frequently to those with DTI ratios of 20-30%, with 318 originations. The next most common DTI ratio? 30-36%, with 289 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 1,070 | $238,210,000 | $222,626 | $5,055 | 3.26% |
| Not provided | 234 | $53,400,000 | $228,205 | $5,491 | 3.24% |
| Not applicable | 34 | $23,110,000 | $679,706 | $0 | 4.37% |
| American Indian | 68 | $13,830,000 | $203,382 | $4,807 | 3.26% |
| Black | 52 | $12,480,000 | $240,000 | $5,880 | 3.36% |
| Asian | 35 | $9,095,000 | $259,857 | $5,791 | 3.09% |
| Native Hawaiian | 4 | $850,000 | $212,500 | $4,073 | 3.03% |
| Native Hawiian | 1 | $315,000 | $315,000 | $3,584 | 3.13% |
Approval Rates
Total approvals of all applications96.09%
Stride Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination79.90%
Stride Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,498 | $351,290,000 | $234,506 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 1,498 | $351,290,000 | $234,506 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 41 | $5,145,000 | $125,488 | $3,480 | 3.04% |
| 40-60% | 77 | $12,405,000 | $161,104 | $3,457 | 3.04% |
| 60-80% | 361 | $77,295,000 | $214,114 | $3,955 | 3.34% |
| 80-100% | 957 | $223,355,000 | $233,391 | $5,388 | 3.29% |
| Over 100% | 50 | $30,990,000 | $619,800 | $13,053 | 3.36% |
| Under 20% | 4 | $390,000 | $97,500 | $2,347 | 3.66% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Stride Bank, National Association | 1225 N. Broadway Avenue, Suite 201 Oklahoma City, OK 73103 | Full Service B&M | $3,495 |
| Stride Bank, National Association | 127 South Main Street Mooreland, OK 73852 | Full Service B&M | $23,988 |
| Stride Bank, National Association | 1902 Southeast Washington Boulevard Bartlesville, OK 74006 | Full Service B&M | $16,863 |
| Stride Bank, National Association | 2219 West Willow Enid, OK 73703 | Full Service B&M | $53,524 |
| Stride Bank, National Association | 224 East Blackwell Street Blackwell, OK 74631 | Limited, Drive-thru | $0 |
| Stride Bank, National Association | 2730 Williams Street Woodward, OK 73801 | Full Service B&M | $39,689 |
| Stride Bank, National Association | 324 West Broadway Enid, OK 73701 | Full Service B&M | $1,528,035 |
| Stride Bank, National Association | 331 S Rio Grande St Ste 307 Salt Lake City, UT 84101 | Full Service B&M | $911 |
| Stride Bank, National Association | 402 West Randolph Street Enid, OK 73701 | Limited, Drive-thru | $0 |
| Stride Bank, National Association | 8811 S Yale Ave., Suite 101 Tulsa, OK 74137 | Full Service B&M | $47,080 |
| Stride Bank, National Association | 102 North Main Street Blackwell, OK 74631 | Full Service B&M | $51,097 |
For 2021, Stride Bank had 11 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $40,763 |
| Net interest income | $38,249 |
| Total noninterest income | $46,718 |
| Gross Fiduciary activities income | $3,583 |
| Service charges on deposit accounts | $2,829 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $40,306 |
| Pre-tax net operating income | $26,252 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $19,504 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $19,504 |
| Minority interest net income | $0 |
| Net income | $19,504 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $19,504 |
Stride Bank's gross interest income from loans was $40,763,000.
Stride Bank's net interest income from loans was $38,249,000.
Stride Bank's fee based income from loans was $2,829,000.
Stride Bank's net income from loans was $19,504,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $2,514 |
| Provision for credit losses | $4,280 |
| Total noninterest expense | $54,435 |
| Salaries and employee benefits | $36,855 |
| Premises and equipment expense | $4,015 |
| Additional noninterest expense | $13,565 |
| Applicable income taxes | $6,748 |
| Net charge-offs | $3,093 |
| Cash dividends | $5,200 |
Stride Bank's interest expense for loans was $2,514,000.
Stride Bank's payroll and benefits expense were $36,855,000.
Stride Bank's property, plant and equipment expenses $4,015,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 0.0% |
| Real Estate loans | 1.0% |
| Construction & Land Development loans | 0.0% |
| Nonfarm, nonresidential loans | 1.0% |
| Multifamily residential loans | 11.0% |
| 1-4 family residential loans | 0.0% |
| HELOC loans | 0.0% |
| All other family | 0.0% |
| Commercial & industrial loans | 3.0% |
| Personal loans | 0.0% |
| Credit card loans | 0.0% |
| Other individual loans | 1.0% |
| Auto loans | 0.0% |
| Other consumer loans | 1.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $2,059,209 |
| Deposits held in domestic offices | $2,059,209 |
| Deposits by Individuals, partnerships, and corporations | $2,033,372 |
| Deposits by U.S. Government | $5 |
| Deposits by States and political subdivisions in the U.S. | $25,733 |
| Deposits by Commercial banks and other depository institutions in U.S. | $99 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $1,529,166 |
| Demand deposits | $1,481,804 |
| Nontransaction accounts | $530,043 |
| Money market deposit accounts (MMDAs) | $116,966 |
| Other savings deposits (excluding MMDAs) | $346,433 |
| Total time deposits | $66,644 |
| Total time and savings deposits | $577,405 |
| Noninterest-bearing deposits | $1,647,156 |
| Interest-bearing deposits | $412,053 |
| Retail deposits | $1,847,772 |
| IRAs and Keogh plan accounts | $11,570 |
| Brokered deposits | $199,119 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $2,216,048 |
| Cash & Balances due from depository institutions | $636,517 |
| Interest-bearing balances | $623,459 |
| Total securities | $71,337 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $1,484,027 |
| Loan and leases loss allowance | $8,604 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $7,822 |
| Other real estate owned | $78 |
| Goodwill and other intangibles | $1,172 |
| All other assets | $15,095 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $2,216,048 |
| Total Liabilities | $2,064,407 |
| Total deposits | $2,059,209 |
| Interest-bearing deposits | $412,053 |
| Deposits held in domestic offices | $2,059,209 |
| % insured (estimated) | $90 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $202 |
| Subordinated debt | $0 |
| All other liabilities | $4,996 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $1,484,027 |
| Loan and leases loss allowance | $8,604 |
| Total loans and leases (domestic) | $1,492,631 |
| All real estate loans | $437,799 |
| Real estate loans in domestic offices | $437,799 |
| Construction and development loans | $39,799 |
| Residential 1-4 family construction | $9,451 |
| Other construction, all land development and other land | $30,348 |
| Loans secured by nonfarm nonresidential properties | $271,249 |
| Nonfarm nonresidential secured by owner-occupied properties | $62,520 |
| Commercial real estate & other non-farm, non-residential | $208,729 |
| Multifamily residential real estate | $3,774 |
| 1-4 family residential loans | $76,087 |
| Farmland loans | $46,890 |
| Loans held in foreign offices | $0 |
| Farm loans | $69,494 |
| Commercial and industrial loans | $208,677 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $774,909 |
| Credit card loans | $765,026 |
| Related Plans | $55 |
| Consumer Auto Loans | $805 |
| Other loans to individuals | $9,023 |
| All other loans & leases | $1,752 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $663 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $256 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $1,331 |
| Non 1-4 family restructured loans & leases | $1,331 |
| Total loans and leases (foreign) | $0 |
Stride Bank had $1,484,027,000 of loans outstanding in 2021. $437,799,000 of loans were in real estate loans. $39,799,000 of loans were in development loans. $3,774,000 of loans were in multifamily mortgage loans. $76,087,000 of loans were in 1-4 family mortgage loans. $69,494,000 of loans were in farm loans. $765,026,000 of loans were in credit card loans. $805,000 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 | 199 | $40,086 | $201,437 |
| Nonfarm, nonresidential loans - <$100k | 70 | $3,148 | $44,971 |
| Nonfarm, nonresidential loans - $100-250k | 57 | $7,727 | $135,561 |
| Nonfarm, nonresidential loans - $250k-1MM | 72 | $29,211 | $405,708 |
| Commercial & Industrial, US addressed loans - <$1MM | 501 | $39,545 | $78,932 |
| Commercial & Industrial, US addressed loans - <$100k | 319 | $7,418 | $23,254 |
| Commercial & Industrial, US addressed loans - $100-250k | 96 | $9,289 | $96,760 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 86 | $22,838 | $265,558 |
| Farmland loans - <$1MM | 151 | $21,073 | $139,556 |
| Farmland loans - <$100k | 47 | $1,963 | $41,766 |
| Farmland loans - $100-250k | 68 | $8,963 | $131,809 |
| Farmland loans - $250k-1MM | 36 | $10,147 | $281,861 |
| Agriculture operations loans - <$1MM | 245 | $19,351 | $78,984 |
| Agriculture operations loans - <$100k | 146 | $3,477 | $23,815 |
| Agriculture operations loans - $100-250k | 56 | $6,165 | $110,089 |
| Agriculture operations loans - $250k-1MM | 43 | $9,709 | $225,791 |
