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 Home Purchase, Refi, and Other loans. Stride 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.) Their top markets by origination volume include: Bartlesville, Enid, Oklahoma City, Tulsa, and Daphne 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 above 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% 3/28/24
30 Year Conventional Refi 6.59% 3/28/24
30 Year Cash-out Refi 6.89% 3/28/24
30 Year FHA Purchase 7.71% 3/28/24
30 Year FHA Refi 7.43% 3/28/24
30 Year VA Purchase 6.54% 3/28/24
30 Year USDA Purchase 7.26% 3/28/24
15 Year Conventional Purchase 6.31% 3/28/24
15 Year Conventional Refi 6.12% 3/28/24
15 Year Cash-out Refi 6.12% 3/28/24
15 Year VA Purchase 5.77% 3/28/24
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

60

Origination Dollar Volume (All Markets)

$19,390,000

Employee count

207

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
Bartlesville, OK (FHA|USDA|VA) 3 $6,705,000 $2,235,000 $0 0.00%
ENID, OK (FHA|USDA|VA) 26 $3,460,000 $133,077 $0 0.00%
OKLAHOMA CITY, OK (FHA|USDA|VA) 7 $2,285,000 $326,429 $0 0.00%
TULSA, OK (FHA|USDA|VA) 9 $2,205,000 $245,000 $0 0.00%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $1,805,000 $1,805,000 $0 0.00%
Outside of Metro Areas 7 $1,005,000 $143,571 $0 0.00%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $905,000 $905,000 $0 0.00%
Woodward, OK (FHA|USDA|VA) 3 $705,000 $235,000 $0 0.00%
Stillwater, OK (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
Ponca City, OK (FHA|USDA|VA) 2 $130,000 $65,000 $0 0.00%
Stride Bank's top markets include Bartlesville, Enid, Oklahoma City, Tulsa, and Daphne among others.

Their top states include:
  • Oklahoma (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)
  • Utah (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 59 $19,245,000 $326,186 $0 0.00%
    FHA 1 $145,000 $145,000 $0 0.00%

    For 2020, Stride Bank's most frequently originated type of loan was Conventional, with 59 originations. Their 2nd most popular type was FHA, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 28 $6,850,000 $244,643 $0 0.00%
    Refi 19 $4,565,000 $240,263 $0 0.00%
    Cash Out Refi 7 $1,415,000 $202,143 $0 0.00%
    Other 4 $6,470,000 $1,617,500 $0 0.00%
    Home Improvement 2 $90,000 $45,000 $0 0.00%

    For 2020, Stride Bank's most frequently cited loan purpose was Home Purchase, with 28 originations. The 2nd most popular reason was Refi, with 19 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 60 $19,390,000 $323,167 $0 0.00%

    For 2020, Stride Bank's most frequently cited loan duration was Other, with 60 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 23 $3,185,000 $138,478 $0 0.00%
    $100,000 or less 18 $1,160,000 $64,444 $0 0.00%
    $200k-400k 12 $3,500,000 $291,667 $0 0.00%
    $1MM+ 3 $8,835,000 $2,945,000 $0 0.00%
    $600k-1MM 3 $2,245,000 $748,333 $0 0.00%
    $400k-600k 1 $465,000 $465,000 $0 0.00%

    2020 saw Stride Bank place emphasis on $100k-200k loans with 23 originations, totaling $3,185,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 9 $665,000 $73,889 $0 0.00%
    $100k-150k 8 $1,710,000 $213,750 $0 0.00%
    $150k-250k 7 $1,365,000 $195,000 $0 0.00%
    $50k-75k 7 $915,000 $130,714 $0 0.00%
    $250k+ 6 $2,460,000 $410,000 $0 0.00%
    $75k-100k 4 $650,000 $162,500 $0 0.00%

    Stride Bank lent most frequently to those with incomes in the $50k or less range, with 9 originations. The second most popular income band? $100k-150k, with 8 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 60 $19,390,000 $323,167 $0 0.00%

    Stride Bank lent most frequently to those with DTI ratios of Exempt%, with 60 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 15 $11,075,000 $738,333 $0 0.00%
    White 42 $7,970,000 $189,762 $0 0.00%
    American Indian 3 $345,000 $115,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.81%

    Stride Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    78.33%

    Stride Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 60 $19,390,000 $323,167

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 3 $7,765,000 $2,588,333
    Single Family (1-4 Units):Manufactured 1 $325,000 $325,000
    Single Family (1-4 Units):Site-Built 56 $11,300,000 $201,786

    Complaints

    Bank Name Product Issue 2020 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 $48,606
    Stride Bank, National Association 127 South Main Street Mooreland, OK 73852 Full Service B&M $22,479
    Stride Bank, National Association 1902 Southeast Washington Boulevard Bartlesville, OK 74006 Full Service B&M $17,201
    Stride Bank, National Association 2219 West Willow Enid, OK 73703 Full Service B&M $49,925
    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 $38,075
    Stride Bank, National Association 301 S 30th, Suite A Enid, OK 73701 Full Service B&M $5,979
    Stride Bank, National Association 324 West Broadway Enid, OK 73701 Full Service B&M $914,928
    Stride Bank, National Association 331 S Rio Grande St Ste 307 Salt Lake City, UT 84101 Full Service B&M $979
    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 $3,386
    Stride Bank, National Association 8811 S Yale Ave., Suite 101 Tulsa, OK 74137 Full Service B&M $33,664

    For 2020, Stride Bank had 12 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $36,551
    Net interest income $33,864
    Total noninterest income $15,661
    Gross Fiduciary activities income $2,970
    Service charges on deposit accounts $2,405
    Trading account gains and fees $0
    Additional Noninterest Income $10,286
    Pre-tax net operating income $10,839
    Securities gains (or losses, -) $124
    Income before extraordinary items $7,780
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $7,780
    Minority interest net income $0
    Net income $7,780
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $7,682

    Stride Bank's gross interest income from loans was $36,551,000.
    Stride Bank's net interest income from loans was $33,864,000.
    Stride Bank's fee based income from loans was $2,405,000.
    Stride Bank's net income from loans was $7,780,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,687
    Provision for credit losses $2,870
    Total noninterest expense $35,816
    Salaries and employee benefits $21,412
    Premises and equipment expense $3,029
    Additional noninterest expense $11,375
    Applicable income taxes $3,183
    Net charge-offs $1,423
    Cash dividends $1,190

    Stride Bank's interest expense for loans was $2,687,000.
    Stride Bank's payroll and benefits expense were $21,412,000.
    Stride Bank's property, plant and equipment expenses $3,029,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 2.0%
    Real Estate loans 2.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 2.0%
    Multifamily residential loans 12.0%
    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 $1,023,636
    Deposits held in domestic offices $1,023,636
    Deposits by Individuals, partnerships, and corporations $999,797
    Deposits by U.S. Government $2
    Deposits by States and political subdivisions in the U.S. $23,740
    Deposits by Commercial banks and other depository institutions in U.S. $97
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $633,154
    Demand deposits $445,491
    Nontransaction accounts $390,482
    Money market deposit accounts (MMDAs) $79,450
    Other savings deposits (excluding MMDAs) $233,745
    Total time deposits $77,287
    Total time and savings deposits $578,145
    Noninterest-bearing deposits $662,153
    Interest-bearing deposits $361,483
    Retail deposits $252,056
    IRAs and Keogh plan accounts $12,516
    Brokered deposits $758,940
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,123,488
    Cash & Balances due from depository institutions $257,605
    Interest-bearing balances $241,692
    Total securities $68,864
    Federal funds sold & reverse repurchase $0
    Net loans and leases $769,937
    Loan and leases loss allowance $7,416
    Trading account assets $0
    Bank premises and fixed assets $7,823
    Other real estate owned $775
    Goodwill and other intangibles $1,173
    All other assets $17,311

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,123,489
    Total Liabilities $1,033,538
    Total deposits $1,023,636
    Interest-bearing deposits $361,483
    Deposits held in domestic offices $1,023,636
    % insured (estimated) $43
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $412
    Subordinated debt $0
    All other liabilities $9,490

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $769,937
    Loan and leases loss allowance $7,416
    Total loans and leases (domestic) $777,353
    All real estate loans $362,210
    Real estate loans in domestic offices $362,210
    Construction and development loans $25,064
    Residential 1-4 family construction $8,540
    Other construction, all land development and other land $16,524
    Loans secured by nonfarm nonresidential properties $224,391
    Nonfarm nonresidential secured by owner-occupied properties $48,778
    Commercial real estate & other non-farm, non-residential $175,613
    Multifamily residential real estate $5,043
    1-4 family residential loans $43,963
    Farmland loans $63,749
    Loans held in foreign offices $0
    Farm loans $77,194
    Commercial and industrial loans $239,417
    To non-U.S. addressees $0
    Loans to individuals $76,752
    Credit card loans $63,039
    Related Plans $56
    Consumer Auto Loans $683
    Other loans to individuals $12,974
    All other loans & leases $21,780
    Loans to foreign governments and official institutions $0
    Other loans $20,511
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $335
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $453
    Non 1-4 family restructured loans & leases $453
    Total loans and leases (foreign) $0

    Stride Bank had $769,937,000 of loans outstanding in 2020. $362,210,000 of loans were in real estate loans. $25,064,000 of loans were in development loans. $5,043,000 of loans were in multifamily mortgage loans. $43,963,000 of loans were in 1-4 family mortgage loans. $77,194,000 of loans were in farm loans. $63,039,000 of loans were in credit card loans. $683,000 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 205 $41,406 $201,980
    Nonfarm, nonresidential loans - <$100k 70 $3,173 $45,329
    Nonfarm, nonresidential loans - $100-250k 67 $8,616 $128,597
    Nonfarm, nonresidential loans - $250k-1MM 68 $29,617 $435,544
    Commercial & Industrial, US addressed loans - <$1MM 1,023 $70,438 $68,854
    Commercial & Industrial, US addressed loans - <$100k 775 $20,350 $26,258
    Commercial & Industrial, US addressed loans - $100-250k 124 $14,711 $118,637
    Commercial & Industrial, US addressed loans - $250k-1MM 124 $35,377 $285,298
    Farmland loans - <$1MM 167 $22,987 $137,647
    Farmland loans - <$100k 52 $2,079 $39,981
    Farmland loans - $100-250k 76 $9,795 $128,882
    Farmland loans - $250k-1MM 39 $11,113 $284,949
    Agriculture operations loans - <$1MM 256 $21,392 $83,563
    Agriculture operations loans - <$100k 144 $3,151 $21,882
    Agriculture operations loans - $100-250k 74 $7,933 $107,203
    Agriculture operations loans - $250k-1MM 38 $10,308 $271,263