Stride Bank Mortgage Rates, Fees & Info

Enid, OK

LEI: 549300O5WDIJU8S7OI05

Tax ID: 73-0783952

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Mortgage Data

Bank Data

Review & Overview

Stride Bank is a smaller bank specializing in Refi and Home Purchase loans. Stride Bank has a high proportion of conventional loans. Their top markets by origination volume include: Tulsa, Enid, Durant, Phoenix, and Oklahoma City among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)

Stride 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.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.88% 6/23/24
30 Year Conventional Refi 6.59% 6/23/24
30 Year Cash-out Refi 6.89% 6/23/24
30 Year FHA Purchase 7.71% 6/23/24
30 Year FHA Refi 7.43% 6/23/24
30 Year VA Purchase 6.54% 6/23/24
30 Year USDA Purchase 7.26% 6/23/24
15 Year Conventional Purchase 6.31% 6/23/24
15 Year Conventional Refi 6.12% 6/23/24
15 Year Cash-out Refi 6.12% 6/23/24
15 Year VA Purchase 5.77% 6/23/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Stride Bank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Stride Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

36

Origination Dollar Volume (All Markets)

$10,090,000

Employee count

199

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
TULSA, OK (FHA|USDA|VA) 9 $5,715,000 $635,000 $0 0.00%
ENID, OK (FHA|USDA|VA) 10 $1,380,000 $138,000 $0 0.00%
Durant, OK (FHA|USDA|VA) 1 $795,000 $795,000 $0 0.00%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $755,000 $755,000 $0 0.00%
OKLAHOMA CITY, OK (FHA|USDA|VA) 2 $470,000 $235,000 $0 0.00%
Woodward, OK (FHA|USDA|VA) 4 $340,000 $85,000 $0 0.00%
Ponca City, OK (FHA|USDA|VA) 4 $330,000 $82,500 $0 0.00%
Stillwater, OK (FHA|USDA|VA) 1 $195,000 $195,000 $0 0.00%
Outside of Metro Areas 2 $60,000 $30,000 $0 0.00%
Bartlesville, OK (FHA|USDA|VA) 2 $50,000 $25,000 $0 0.00%
Stride Bank's top markets include Tulsa, Enid, Durant, Phoenix, and Oklahoma City among others.

Their top states include:
  • Oklahoma (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Stride Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    RED CROWN
    Similarity Rank: 45
    Tulsa Federal Credit Union
    Similarity Rank: 84
    Central Bank of Oklahoma
    Similarity Rank: 140
    TRUE SKY
    Similarity Rank: 174
    WEOKIE
    Similarity Rank: 243
    OKLAHOMA CENTRAL Credit Union
    Similarity Rank: 352
    Intrust Bank
    Similarity Rank: 352
    TTCU Federal Credit Union
    Similarity Rank: 360
    AAXY L.L.C.
    Similarity Rank: 368

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 36 $10,090,000 $280,278 $0 0.00%

    For 2019, Stride Bank's most frequently originated type of loan was Conventional, with 36 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 15 $6,165,000 $411,000 $0 0.00%
    Home Purchase 13 $2,885,000 $221,923 $0 0.00%
    Cash Out Refi 6 $750,000 $125,000 $0 0.00%
    Home Improvement 2 $290,000 $145,000 $0 0.00%

    For 2019, Stride Bank's most frequently cited loan purpose was Refi, with 15 originations. The 2nd most popular reason was Home Purchase, with 13 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 36 $10,090,000 $280,278 $0 0.00%

    For 2019, Stride Bank's most frequently cited loan duration was Other, with 36 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 17 $645,000 $37,941 $0 0.00%
    $100k-200k 8 $1,270,000 $158,750 $0 0.00%
    $200k-400k 7 $1,965,000 $280,714 $0 0.00%
    $600k-1MM 2 $1,550,000 $775,000 $0 0.00%
    $1MM+ 1 $4,185,000 $4,185,000 $0 0.00%
    $400k-600k 1 $475,000 $475,000 $0 0.00%

    2019 saw Stride Bank place emphasis on $100,000 or less loans with 17 originations, totaling $645,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 7 $1,515,000 $216,429 $0 0.00%
    $50k or less 6 $170,000 $28,333 $0 0.00%
    $50k-75k 4 $320,000 $80,000 $0 0.00%
    $150k-250k 2 $1,030,000 $515,000 $0 0.00%
    $75k-100k 2 $70,000 $35,000 $0 0.00%
    $250k+ 1 $195,000 $195,000 $0 0.00%

    Stride Bank lent most frequently to those with incomes in the $100k-150k range, with 7 originations. The second most popular income band? $50k or less, with 6 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 36 $10,090,000 $280,278 $0 0.00%

    Stride Bank lent most frequently to those with DTI ratios of Exempt%, with 36 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 13 $6,485,000 $498,846 $0 0.00%
    White 20 $3,190,000 $159,500 $0 0.00%
    Not provided 2 $340,000 $170,000 $0 0.00%
    American Indian 1 $75,000 $75,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    80.33%

    Stride Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    63.89%

    Stride Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 36 $10,090,000 $280,278

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 3 $5,345,000 $1,781,667
    Single Family (1-4 Units):Site-Built 33 $4,745,000 $143,788

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Stewart Information Services Conventional home mortgage Closing on a mortgage 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Stride Bank, National Association 102 North Main Street Blackwell, OK 74631 Full Service B&M $41,547
    Stride Bank, National Association 127 South Main Street Mooreland, OK 73852 Full Service B&M $22,349
    Stride Bank, National Association 1902 Southeast Washington Boulevard Bartlesville, OK 74006 Full Service B&M $14,468
    Stride Bank, National Association 2219 West Willow Enid, OK 73703 Full Service B&M $43,501
    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 $33,848
    Stride Bank, National Association 301 S 30th, Suite A Enid, OK 73701 Full Service B&M $5,263
    Stride Bank, National Association 324 West Broadway Enid, OK 73701 Full Service B&M $441,166
    Stride Bank, National Association 402 West Randolph Street Enid, OK 73701 Limited, Drive-thru $0
    Stride Bank, National Association 514 Colcord Drive Oklahoma City, OK 73102 Full Service B&M $1,649
    Stride Bank, National Association 8811 S Yale Ave., Suite 101 Tulsa, OK 74137 Full Service B&M $17,128

    For 2019, Stride Bank had 11 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $35,557
    Net interest income $31,088
    Total noninterest income $10,598
    Gross Fiduciary activities income $2,725
    Service charges on deposit accounts $2,656
    Trading account gains and fees $0
    Additional Noninterest Income $5,217
    Pre-tax net operating income $8,409
    Securities gains (or losses, -) $4
    Income before extraordinary items $8,053
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $8,053
    Minority interest net income $0
    Net income $8,053
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $8,049

    Stride Bank's gross interest income from loans was $35,557,000.
    Stride Bank's net interest income from loans was $31,088,000.
    Stride Bank's fee based income from loans was $2,656,000.
    Stride Bank's net income from loans was $8,053,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,469
    Provision for credit losses $2,070
    Total noninterest expense $31,207
    Salaries and employee benefits $19,203
    Premises and equipment expense $2,800
    Additional noninterest expense $9,204
    Applicable income taxes $360
    Net charge-offs $1,864
    Cash dividends $4,647

    Stride Bank's interest expense for loans was $4,469,000.
    Stride Bank's payroll and benefits expense were $19,203,000.
    Stride Bank's property, plant and equipment expenses $2,800,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 2.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 2.0%
    Multifamily residential loans 5.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 1.0%
    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 $627,520
    Deposits held in domestic offices $627,520
    Deposits by Individuals, partnerships, and corporations $590,759
    Deposits by U.S. Government $1
    Deposits by States and political subdivisions in the U.S. $36,658
    Deposits by Commercial banks and other depository institutions in U.S. $102
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $115,416
    Demand deposits $93,876
    Nontransaction accounts $512,104
    Money market deposit accounts (MMDAs) $98,318
    Other savings deposits (excluding MMDAs) $323,262
    Total time deposits $90,525
    Total time and savings deposits $533,644
    Noninterest-bearing deposits $246,792
    Interest-bearing deposits $380,728
    Retail deposits $556,074
    IRAs and Keogh plan accounts $12,546
    Brokered deposits $56,551
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $699,498
    Cash & Balances due from depository institutions $15,466
    Interest-bearing balances $3,348
    Total securities $69,925
    Federal funds sold & reverse repurchase $0
    Net loans and leases $592,131
    Loan and leases loss allowance $5,969
    Trading account assets $0
    Bank premises and fixed assets $7,678
    Other real estate owned $545
    Goodwill and other intangibles $1,173
    All other assets $12,580

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $699,498
    Total Liabilities $634,572
    Total deposits $627,520
    Interest-bearing deposits $380,728
    Deposits held in domestic offices $627,520
    % insured (estimated) $68
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $796
    Subordinated debt $0
    All other liabilities $6,256

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $592,131
    Loan and leases loss allowance $5,969
    Total loans and leases (domestic) $598,100
    All real estate loans $284,293
    Real estate loans in domestic offices $284,293
    Construction and development loans $15,617
    Residential 1-4 family construction $4,495
    Other construction, all land development and other land $11,122
    Loans secured by nonfarm nonresidential properties $142,863
    Nonfarm nonresidential secured by owner-occupied properties $37,591
    Commercial real estate & other non-farm, non-residential $105,272
    Multifamily residential real estate $10,460
    1-4 family residential loans $40,972
    Farmland loans $74,381
    Loans held in foreign offices $0
    Farm loans $92,887
    Commercial and industrial loans $198,355
    To non-U.S. addressees $0
    Loans to individuals $14,716
    Credit card loans $777
    Related Plans $70
    Consumer Auto Loans $775
    Other loans to individuals $13,094
    All other loans & leases $7,850
    Loans to foreign governments and official institutions $0
    Other loans $6,469
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $532
    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

    Stride Bank had $592,131,000 of loans outstanding in 2019. $284,293,000 of loans were in real estate loans. $15,617,000 of loans were in development loans. $10,460,000 of loans were in multifamily mortgage loans. $40,972,000 of loans were in 1-4 family mortgage loans. $92,887,000 of loans were in farm loans. $777,000 of loans were in credit card loans. $775,000 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 221 $44,417 $200,982
    Nonfarm, nonresidential loans - <$100k 80 $3,516 $43,950
    Nonfarm, nonresidential loans - $100-250k 67 $9,084 $135,582
    Nonfarm, nonresidential loans - $250k-1MM 74 $31,817 $429,959
    Commercial & Industrial, US addressed loans - <$1MM 452 $40,125 $88,772
    Commercial & Industrial, US addressed loans - <$100k 272 $6,846 $25,169
    Commercial & Industrial, US addressed loans - $100-250k 94 $9,518 $101,255
    Commercial & Industrial, US addressed loans - $250k-1MM 86 $23,761 $276,291
    Farmland loans - <$1MM 181 $24,519 $135,464
    Farmland loans - <$100k 55 $2,308 $41,964
    Farmland loans - $100-250k 88 $11,394 $129,477
    Farmland loans - $250k-1MM 38 $10,817 $284,658
    Agriculture operations loans - <$1MM 283 $24,455 $86,413
    Agriculture operations loans - <$100k 160 $3,585 $22,406
    Agriculture operations loans - $100-250k 80 $8,740 $109,250
    Agriculture operations loans - $250k-1MM 43 $12,130 $282,093