Stride Bank Mortgage Rates, Fees & Info
Enid, OKLEI: 549300O5WDIJU8S7OI05
Tax ID: 73-0783952
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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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.88% | 12/17/24 |
| 30 Year Conventional Refi | 6.59% | 12/17/24 |
| 30 Year Cash-out Refi | 6.89% | 12/17/24 |
| 30 Year FHA Purchase | 7.71% | 12/17/24 |
| 30 Year FHA Refi | 7.43% | 12/17/24 |
| 30 Year VA Purchase | 6.54% | 12/17/24 |
| 30 Year USDA Purchase | 7.26% | 12/17/24 |
| 15 Year Conventional Purchase | 6.31% | 12/17/24 |
| 15 Year Conventional Refi | 6.12% | 12/17/24 |
| 15 Year Cash-out Refi | 6.12% | 12/17/24 |
| 15 Year VA Purchase | 5.77% | 12/17/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
60Origination Dollar Volume (All Markets)
$19,390,000Employee count
207Top 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% |
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.
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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
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
2020 saw Stride Bank place emphasis on $100k-200k loans with 23 originations, totaling $3,185,000 in origination value.
Applicant Income
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
Approval Rates
Total approvals of all applications94.81%
Stride Bank has an average approval rate.
Pick Rate
Approvals leading to origination78.33%
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
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 |