Bank Of Ann Arbor Mortgage Rates, Fees & Info

Ann Arbor, MI

LEI: 549300PI8J8CV6B53I58

Tax ID: 38-3252110

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
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    • Mortgage Data

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

    Bank Of Ann Arbor is a smaller bank specializing in Refi, Home Purchase, and Cash Out Refi loans. Bank Of Ann Arbor 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.) They have a low ratio of USDA loans. Their top markets by origination volume include: Detroit, Ann Arbor, Flint, Traverse City, and Monroe among others. We have data for 38 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Bank Of Ann Arbor has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Bank Of Ann Arbor is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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 6.35% 11/17/24
    30 Year Conventional Refi 6.56% 11/17/24
    30 Year Cash-out Refi 6.39% 11/17/24
    30 Year FHA Purchase 7.42% 11/17/24
    30 Year VA Purchase 6.60% 11/17/24
    15 Year Conventional Purchase 5.95% 11/17/24
    15 Year Conventional Refi 6.19% 11/17/24
    15 Year Cash-out Refi 6.19% 11/17/24
    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.

    Bank Of Ann Arbor Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Bank Of Ann Arbor. 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

    836

    Origination Dollar Volume (All Markets)

    $264,200,000

    Employee count

    296 Show all (5) awards

    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
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 392 $131,350,000 $335,077 $10,274 2.94%
    ANN ARBOR, MI (FHA|USDA|VA) 301 $95,015,000 $315,664 $2,944 2.77%
    FLINT, MI (FHA|USDA|VA) 30 $6,060,000 $202,000 $3,312 3.03%
    Outside of Metro Areas 33 $5,825,000 $176,515 $3,148 3.56%
    Traverse City, MI (FHA|USDA|VA) 8 $3,180,000 $397,500 $3,107 2.95%
    MONROE, MI (FHA|USDA|VA) 10 $2,930,000 $293,000 $3,230 3.19%
    LANSING-EAST LANSING, MI (FHA|USDA|VA) 12 $2,860,000 $238,333 $3,184 2.97%
    TUCSON, AZ (FHA|USDA|VA) 1 $2,005,000 $2,005,000 $13,745 2.38%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 4 $1,600,000 $400,000 $3,008 2.78%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $1,560,000 $780,000 $5,532 2.75%
    JACKSON, MI (FHA|USDA|VA) 6 $1,090,000 $181,667 $2,522 2.81%
    Kalispell, MT (FHA|USDA|VA) 1 $965,000 $965,000 $7,532 3.50%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $790,000 $395,000 $3,616 2.81%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $750,000 $375,000 $4,261 2.88%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 2 $740,000 $370,000 $2,909 2.81%
    Adrian, MI (FHA|USDA|VA) 5 $665,000 $133,000 $2,375 3.13%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 2 $600,000 $300,000 $3,111 2.81%
    Kendallville, IN (FHA|USDA|VA) 2 $570,000 $285,000 $10,383 2.88%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $545,000 $545,000 $3,037 2.75%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $510,000 $255,000 $2,741 3.00%
    Edwards, CO (FHA|USDA|VA) 1 $425,000 $425,000 $2,805 2.50%
    FORT WAYNE, IN (FHA|USDA|VA) 1 $395,000 $395,000 $3,243 2.50%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $355,000 $355,000 $3,779 2.88%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $345,000 $345,000 $3,376 2.88%
    BATTLE CREEK, MI (FHA|USDA|VA) 1 $305,000 $305,000 $2,591 3.38%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $295,000 $295,000 $2,427 2.88%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $285,000 $285,000 $2,624 2.50%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $285,000 $285,000 $2,922 3.13%
    SAGINAW, MI (FHA|USDA|VA) 1 $265,000 $265,000 $2,897 3.25%
    Sault Ste. Marie, MI (FHA|USDA|VA) 1 $235,000 $235,000 $2,408 3.00%
    BAY CITY, MI (FHA|USDA|VA) 1 $235,000 $235,000 $2,879 2.75%
    KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 1 $215,000 $215,000 $2,678 2.88%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $215,000 $215,000 $3,804 3.25%
    ROCHESTER, NY (FHA|USDA|VA) 1 $195,000 $195,000 $3,485 3.00%
    Wapakoneta, OH (FHA|USDA|VA) 1 $185,000 $185,000 $3,685 2.88%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $155,000 $155,000 $3,351 2.75%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $115,000 $115,000 $2,185 2.75%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $85,000 $85,000 $2,015 3.88%
    Bank Of Ann Arbor's top markets include Detroit, Ann Arbor, Flint, Traverse City, and Monroe among others.

    Their top states include:
  • Michigan (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)

    • Similar Lenders

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

    Polish-American Federal Credit Union
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    SECURITY CREDIT UNION
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 819 $260,245,000 $317,759 $6,420 2.91%
    FHA 7 $1,385,000 $197,857 $6,165 3.05%
    VA 6 $1,820,000 $303,333 $7,407 2.60%
    USDA 4 $750,000 $187,500 $4,728 2.94%

    For 2021, Bank Of Ann Arbor's most frequently originated type of loan was Conventional, with 819 originations. Their 2nd most popular type was FHA, with 7 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 290 $87,310,000 $301,069 $12,395 2.72%
    Home Purchase 287 $103,605,000 $360,993 $3,345 3.07%
    Cash Out Refi 247 $71,075,000 $287,753 $2,880 2.94%
    Other 9 $2,025,000 $225,000 $2,546 2.99%
    Home Improvement 3 $185,000 $61,667 $0 3.67%

    For 2021, Bank Of Ann Arbor's most frequently cited loan purpose was Refi, with 290 originations. The 2nd most popular reason was Home Purchase, with 287 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 577 $168,725,000 $292,418 $7,993 3.00%
    15 Year 166 $43,730,000 $263,434 $2,628 2.43%
    20 Year 30 $6,880,000 $229,333 $2,585 2.76%
    10 Year 26 $3,200,000 $123,077 $1,926 2.73%
    Other 25 $23,965,000 $958,600 $1,823 3.96%
    5 Year 11 $17,275,000 $1,570,455 $381 3.85%
    30+ year 1 $425,000 $425,000 $8,436 3.38%

    For 2021, Bank Of Ann Arbor's most frequently cited loan duration was 30 Year, with 577 originations. The 2nd most popular length was 15 Year, with 166 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 491 $146,635,000 $298,646
    $1k-2k 210 $46,510,000 $221,476
    $2k-3k 50 $15,830,000 $316,600
    $3k-4k 17 $7,665,000 $450,882
    $5k+ 9 $2,535,000 $281,667
    $4k-5k 1 $425,000 $425,000

    Bank Of Ann Arbor's average total fees were $7,993, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 491 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 422 $124,560,000 $295,166
    3-4% 194 $83,170,000 $428,711
    <2.5% 183 $51,105,000 $279,262
    4-5% 36 $5,110,000 $141,944
    5-6% 1 $255,000 $255,000

    During 2021, Bank Of Ann Arbor's average interest rate for loans was 3.00%, while their most frequently originated rate bucket for loans was 2.5-3%, with 422 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 370 $104,390,000 $282,135 $10,645 2.88%
    $100k-200k 263 $40,255,000 $153,061 $2,483 2.85%
    $400k-600k 100 $47,930,000 $479,300 $3,709 2.85%
    $100,000 or less 64 $4,780,000 $74,688 $1,860 3.40%
    $600k-1MM 23 $17,405,000 $756,739 $3,665 2.90%
    $1MM+ 16 $49,440,000 $3,090,000 $5,289 3.04%

    2021 saw Bank Of Ann Arbor place emphasis on $200k-400k loans with 370 originations, totaling $104,390,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 209 $55,205,000 $264,139 $2,915 2.81%
    $50k-75k 149 $26,165,000 $175,604 $2,523 2.93%
    $150k-250k 142 $47,350,000 $333,451 $3,143 2.84%
    $75k-100k 123 $27,035,000 $219,797 $2,935 2.87%
    $250k+ 103 $54,375,000 $527,913 $31,184 2.83%
    $50k or less 53 $7,165,000 $135,189 $2,722 3.05%

    Bank Of Ann Arbor lent most frequently to those with incomes in the $100k-150k range, with 209 originations. The second most popular income band? $50k-75k, with 149 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 245 $66,075,000 $269,694 $2,910 2.83%
    30-36% 149 $43,425,000 $291,443 $3,045 2.91%
    <20% 129 $33,105,000 $256,628 $23,825 2.74%
    40% 36 $9,180,000 $255,000 $2,858 3.01%
    36% 31 $9,425,000 $304,032 $3,181 2.90%
    37% 27 $9,655,000 $357,593 $3,315 2.79%
    42% 25 $8,035,000 $321,400 $2,704 2.81%
    38% 25 $6,895,000 $275,800 $3,004 2.89%
    44% 23 $6,365,000 $276,739 $2,912 2.85%
    39% 23 $7,015,000 $305,000 $3,090 3.08%
    43% 18 $4,050,000 $225,000 $2,755 3.01%
    45% 18 $4,480,000 $248,889 $3,042 2.94%
    48% 16 $5,040,000 $315,000 $3,368 3.00%
    41% 13 $3,965,000 $305,000 $3,115 3.03%
    47% 11 $3,535,000 $321,364 $2,894 3.02%
    46% 10 $2,320,000 $232,000 $2,802 2.78%
    49% 6 $1,490,000 $248,333 $2,968 2.92%
    50-60% 1 $305,000 $305,000 $8,493 3.13%
    >60% 1 $245,000 $245,000 $2,024 2.75%

    Bank Of Ann Arbor lent most frequently to those with DTI ratios of 20-30%, with 245 originations. The next most common DTI ratio? 30-36%, with 149 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 667 $177,255,000 $265,750 $7,161 2.87%
    Not provided 122 $39,560,000 $324,262 $3,069 2.88%
    Not applicable 24 $38,780,000 $1,615,833 $0 4.27%
    Asian 13 $3,875,000 $298,077 $3,257 2.61%
    Black 6 $2,610,000 $435,000 $3,089 2.83%
    Asian Indian 2 $1,710,000 $855,000 $3,696 2.81%
    American Indian 2 $410,000 $205,000 $2,146 2.63%

    Approval Rates

    Total approvals of all applications
    97.11%

    Bank Of Ann Arbor has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    91.99%

    Bank Of Ann Arbor has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 836 $264,200,000 $316,029

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    836 $264,200,000 $316,029

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 81 $15,235,000 $188,086 $2,359 2.67%
    40-60% 193 $49,985,000 $258,990 $17,722 2.74%
    60-80% 373 $128,405,000 $344,249 $2,965 2.98%
    80-100% 180 $69,160,000 $384,222 $3,411 3.04%
    Over 100% 2 $690,000 $345,000 $9,321 2.75%
    Under 20% 7 $725,000 $103,571 $1,204 3.20%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    BANK OF THE WEST Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 5 16.7%
    BANK OF THE WEST VA mortgage Trouble during payment process 1 3.3%
    BANK OF THE WEST Other type of mortgage Trouble during payment process 2 6.7%
    BANK OF THE WEST Other type of mortgage Struggling to pay mortgage 1 3.3%
    BANK OF THE WEST Other type of mortgage Closing on a mortgage 1 3.3%
    BANK OF THE WEST Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 3.3%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Trouble during payment process 3 10.0%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Closing on a mortgage 4 13.3%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 2 6.7%
    BANK OF THE WEST FHA mortgage Trouble during payment process 1 3.3%
    BANK OF THE WEST Conventional home mortgage Struggling to pay mortgage 2 6.7%
    BANK OF THE WEST Conventional home mortgage Closing on a mortgage 1 3.3%
    BANK OF THE WEST Conventional home mortgage Trouble during payment process 6 20.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Bank of Ann Arbor 179 East Michigan Avenue Saline, MI 48176 Full Service B&M $55,740
    Bank of Ann Arbor 125 South Fifth Avenue Ann Arbor, MI 48107 Full Service B&M $1,128,876
    Bank of Ann Arbor 1333 West Ann Arbor Road Plymouth, MI 48170 Full Service B&M $189,802
    Bank of Ann Arbor 2204 West Stadium Boulevard Ann Arbor, MI 48103 Full Service B&M $157,909
    Bank of Ann Arbor 2601 Plymouth Road Ann Arbor, MI 48105 Full Service B&M $65,444
    Bank of Ann Arbor 33583 Woodward Avenue Birmingham, MI 48009 Full Service B&M $255,490
    Bank of Ann Arbor 7 West Michigan Avenue Ypsilanti, MI 48197 Full Service B&M $68,136
    Bank of Ann Arbor 801 West Ellsworth Road Ann Arbor, MI 48108 Full Service B&M $255,002

    For 2021, Bank Of Ann Arbor had 8 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $81,278
    Net interest income $77,533
    Total noninterest income $17,179
    Gross Fiduciary activities income $8,904
    Service charges on deposit accounts $855
    Trading account gains and fees $0
    Additional Noninterest Income $7,420
    Pre-tax net operating income $50,868
    Securities gains (or losses, -) $0
    Income before extraordinary items $40,351
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $40,351
    Minority interest net income $0
    Net income $40,351
    Sale, conversion, retirement of capital stock, net $872
    Net operating income $40,351

    Bank Of Ann Arbor's gross interest income from loans was $81,278,000.
    Bank Of Ann Arbor's net interest income from loans was $77,533,000.
    Bank Of Ann Arbor's fee based income from loans was $855,000.
    Bank Of Ann Arbor's net income from loans was $40,351,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,745
    Provision for credit losses $-3,684
    Total noninterest expense $47,528
    Salaries and employee benefits $29,956
    Premises and equipment expense $4,975
    Additional noninterest expense $12,597
    Applicable income taxes $10,517
    Net charge-offs $-4
    Cash dividends $34,000

    Bank Of Ann Arbor's interest expense for loans was $3,745,000.
    Bank Of Ann Arbor's payroll and benefits expense were $29,956,000.
    Bank Of Ann Arbor's property, plant and equipment expenses $4,975,000.

    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 $2,881,072
    Deposits held in domestic offices $2,881,072
    Deposits by Individuals, partnerships, and corporations $2,704,498
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $176,205
    Deposits by Commercial banks and other depository institutions in U.S. $369
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $365,685
    Demand deposits $256,351
    Nontransaction accounts $2,515,387
    Money market deposit accounts (MMDAs) $686,914
    Other savings deposits (excluding MMDAs) $1,659,483
    Total time deposits $168,990
    Total time and savings deposits $2,624,721
    Noninterest-bearing deposits $256,351
    Interest-bearing deposits $2,624,721
    Retail deposits $2,821,968
    IRAs and Keogh plan accounts $16,549
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $3,348,573
    Cash & Balances due from depository institutions $1,043,246
    Interest-bearing balances $995,115
    Total securities $271,054
    Federal funds sold & reverse repurchase $10,265
    Net loans and leases $1,856,947
    Loan and leases loss allowance $33,289
    Trading account assets $0
    Bank premises and fixed assets $25,937
    Other real estate owned $457
    Goodwill and other intangibles $64,397
    All other assets $76,270

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $3,348,573
    Total Liabilities $3,016,744
    Total deposits $2,881,072
    Interest-bearing deposits $2,624,721
    Deposits held in domestic offices $2,881,072
    % insured (estimated) $52
    Federal funds purchased and repurchase agreements $31,217
    Trading liabilities $0
    Other borrowed funds $90,000
    Subordinated debt $0
    All other liabilities $14,455

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,856,947
    Loan and leases loss allowance $33,289
    Total loans and leases (domestic) $1,890,236
    All real estate loans $1,247,761
    Real estate loans in domestic offices $1,247,761
    Construction and development loans $96,553
    Residential 1-4 family construction $68,185
    Other construction, all land development and other land $28,368
    Loans secured by nonfarm nonresidential properties $778,130
    Nonfarm nonresidential secured by owner-occupied properties $310,190
    Commercial real estate & other non-farm, non-residential $467,940
    Multifamily residential real estate $102,683
    1-4 family residential loans $268,030
    Farmland loans $2,365
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $372,978
    To non-U.S. addressees $0
    Loans to individuals $36,805
    Credit card loans $0
    Related Plans $3,583
    Consumer Auto Loans $15,904
    Other loans to individuals $17,318
    All other loans & leases $232,692
    Loans to foreign governments and official institutions $0
    Other loans $6,473
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $9,111
    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

    Bank of Ann Arbor had $1,856,947,000 of loans outstanding in 2021. $1,247,761,000 of loans were in real estate loans. $96,553,000 of loans were in development loans. $102,683,000 of loans were in multifamily mortgage loans. $268,030,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $15,904,000 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 588 $207,100 $352,211
    Nonfarm, nonresidential loans - <$100k 33 $3,324 $100,727
    Nonfarm, nonresidential loans - $100-250k 154 $22,486 $146,013
    Nonfarm, nonresidential loans - $250k-1MM 401 $181,290 $452,095
    Commercial & Industrial, US addressed loans - <$1MM 688 $110,867 $161,144
    Commercial & Industrial, US addressed loans - <$100k 238 $5,846 $24,563
    Commercial & Industrial, US addressed loans - $100-250k 211 $23,183 $109,872
    Commercial & Industrial, US addressed loans - $250k-1MM 239 $81,838 $342,418
    Farmland loans - <$1MM 1 $39 $39,000
    Farmland loans - $250k-1MM 1 $39 $39,000