Jonah Bank Of Wyoming Mortgage Rates, Fees & Info

Casper, WY

LEI: 549300R5DOGZK0VWYL76

Tax ID: 20-4993578

5 stars - out of 5 stars, based on 36 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Jonah Bank Of Wyoming is a smaller bank specializing in Home Purchase and Refi loans. Jonah Bank Of Wyoming has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets include Cheyenne, Laramie, Casper, Fort Collins, and Denver among others. Jonah Bank Of Wyoming has an above average approval rate for mortages when compared nationally. They have an average pick rate when compared to the same sample of other lendors. Jonah Bank Of Wyoming is typically an average fee lendor.


Originations

1,291

Origination Dollar Volume (All Markets)

$333,095,000

Employee count

85 Show all (14) awards

Relative Rate

Jonah Bank Of Wyoming's average 30 year fixed rate mortgage of loans were 2.71%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.44%.

Relative Fees

Jonah Bank Of Wyoming's average total fees for a 30 year fixed rate mortgage are $5,126.

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
CHEYENNE, WY (FHA|USDA|VA) 549 $145,425,000 $264,891 $4,656 2.73%
Laramie, WY (FHA|USDA|VA) 412 $106,530,000 $258,568 $4,779 2.68%
CASPER, WY (FHA|USDA|VA) 241 $55,225,000 $229,149 $4,173 2.85%
Outside of Metro Areas 35 $7,825,000 $223,571 $4,771 2.60%
FORT COLLINS, CO (FHA|USDA|VA) 16 $6,150,000 $384,375 $3,922 3.05%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 4 $1,820,000 $455,000 $3,134 2.66%
Sheridan, WY (FHA|USDA|VA) 4 $1,180,000 $295,000 $6,581 2.53%
GREELEY, CO (FHA|USDA|VA) 3 $1,065,000 $355,000 $3,542 2.75%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 4 $980,000 $245,000 $1,696 2.84%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 2 $810,000 $405,000 $15,732 2.31%
GREAT FALLS, MT (FHA|USDA|VA) 2 $810,000 $405,000 $1,893 2.81%
Riverton, WY (FHA|USDA|VA) 2 $660,000 $330,000 $5,408 3.69%
BOULDER, CO (FHA|USDA|VA) 2 $620,000 $310,000 $2,502 3.19%
Rock Springs, WY (FHA|USDA|VA) 2 $510,000 $255,000 $6,472 2.19%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $445,000 $445,000 $7,756 2.88%
TWIN FALLS, ID (FHA|USDA|VA) 1 $405,000 $405,000 $7,986 1.88%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $395,000 $395,000 $6,623 3.25%
GRAND JUNCTION, CO (FHA|USDA|VA) 1 $375,000 $375,000 $5,857 2.25%
Norfolk, NE (FHA|USDA|VA) 1 $355,000 $355,000 $1,662 2.50%
Cañon City, CO (FHA|USDA|VA) 1 $265,000 $265,000 $3,807 2.25%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $235,000 $235,000 $5,646 2.38%
North Platte, NE (FHA|USDA|VA) 1 $205,000 $205,000 $3,761 2.75%
RAPID CITY, SD (FHA|USDA|VA) 1 $205,000 $205,000 $0 2.50%
Payson, AZ (FHA|USDA|VA) 1 $185,000 $185,000 $4,983 2.50%
WICHITA, KS (FHA|USDA|VA) 1 $155,000 $155,000 $3,722 3.49%
TUCSON, AZ (FHA|USDA|VA) 1 $135,000 $135,000 $1,957 2.63%
Evanston, WY (FHA|USDA|VA) 1 $125,000 $125,000 $933 2.50%

Jonah Bank Of Wyoming's top markets include Cheyenne, Laramie, Casper, Fort Collins, and Denver among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 1,018 $248,050,000 $243,664 $3,984 2.81%
VA 174 $59,680,000 $342,989 $6,343 2.34%
FHA 99 $25,365,000 $256,212 $8,647 2.61%

For the 2021 period, Jonah Bank Of Wyoming's most frequently originated loan type of loans were Conventional, with 1,018 originations. Their 2nd most popular type is VA, with 174 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 728 $197,130,000 $270,783 $6,122 2.70%
Refi 389 $91,325,000 $234,769 $2,537 2.75%
Cash Out Refi 168 $43,700,000 $260,119 $3,716 2.83%
Home Improvement 3 $305,000 $101,667 $1,782 3.43%
Other 3 $635,000 $211,667 $2,730 2.96%

For the 2021, Jonah Bank Of Wyoming's most frequently cited loan purpose of loans were Home Purchase, with 728 originations. The 2nd most popular reason of loans were Refi, with 389 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 992 $271,260,000 $273,448 $5,126 2.71%
15 Year 132 $27,490,000 $208,258 $2,597 2.43%
20 Year 85 $17,935,000 $211,000 $2,956 3.08%
10 Year 44 $3,930,000 $89,318 $1,677 2.44%
Other 27 $7,725,000 $286,111 $4,385 3.85%
1 Year 9 $1,305,000 $145,000 $0 4.56%
3 Year 1 $3,235,000 $3,235,000 $0 4.25%
5 Year 1 $215,000 $215,000 $0 4.15%

For the 2021, Jonah Bank Of Wyoming's most frequently cited loan length of loans were 30 Year, with 992 originations. The 2nd most popular length of loans were 15 Year, with 132 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 438 $103,730,000 $236,826
$3k-4k 313 $95,805,000 $306,086
$2k-3k 203 $47,455,000 $233,768
$1k-2k 105 $22,295,000 $212,333
$5k+ 56 $27,070,000 $483,393

$5,126 of loans were Jonah Bank Of Wyoming's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 438 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 565 $150,865,000 $267,018
<2.5% 450 $113,190,000 $251,533
3-4% 223 $54,885,000 $246,121
4-5% 50 $13,830,000 $276,600
5-6% 3 $325,000 $108,333

During 2021, Jonah Bank Of Wyoming's average interest rate of loans were 2.71%, while their most frequently originated rate bucket of loans were 2.5-3%, with 565 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 722 $202,860,000 $280,970 $4,882 2.79%
$100k-200k 327 $51,235,000 $156,682 $2,679 2.89%
$400k-600k 141 $67,215,000 $476,702 $6,443 2.72%
$100,000 or less 92 $3,140,000 $34,130 $1,876 1.73%
$600k-1MM 8 $5,410,000 $676,250 $11,760 3.02%
$1MM+ 1 $3,235,000 $3,235,000 $0 4.25%

2021 saw Jonah Bank Of Wyoming place emphasis on $200k-400k loans with 722 originations, totaling $202,860,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 345 $76,805,000 $222,623 $5,127 2.56%
$100k-150k 260 $80,300,000 $308,846 $5,181 2.76%
$75k-100k 233 $59,155,000 $253,884 $4,673 2.73%
$50k or less 173 $29,295,000 $169,335 $3,781 2.52%
$150k-250k 141 $44,225,000 $313,652 $4,827 2.98%
$250k+ 55 $18,735,000 $340,636 $3,820 3.22%

Jonah Bank Of Wyoming lent most frequently to those with incomes in the $50k-75k range, with 345 originations. The second most popular income band? $100k-150k, with 260 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 274 $70,590,000 $257,628 $4,019 2.75%
30-36% 250 $64,130,000 $256,520 $4,854 2.74%
<20% 117 $28,415,000 $242,863 $3,382 2.76%
44% 58 $15,090,000 $260,172 $5,638 2.54%
39% 55 $12,725,000 $231,364 $4,498 2.64%
43% 53 $12,285,000 $231,792 $5,897 2.55%
38% 50 $12,040,000 $240,800 $5,086 2.71%
36% 49 $10,625,000 $216,837 $3,899 2.44%
37% 42 $10,230,000 $243,571 $4,290 2.72%
42% 40 $11,680,000 $292,000 $5,541 2.70%
41% 39 $11,035,000 $282,949 $5,167 2.80%
40% 36 $8,730,000 $242,500 $4,992 2.96%
45% 34 $7,120,000 $209,412 $8,299 2.62%
46% 34 $9,600,000 $282,353 $4,682 2.81%
49% 29 $8,705,000 $300,172 $6,276 2.76%
48% 19 $6,825,000 $359,211 $7,724 2.74%
47% 18 $5,660,000 $314,444 $6,615 2.62%
50-60% 14 $4,270,000 $305,000 $8,938 2.36%
>60% 2 $630,000 $315,000 $79 3.56%

Jonah Bank Of Wyoming lent most frequently to those with DTI ratios of 20-30%, with 274 originations. The next most common DTI ratio? 30-36%, with 250 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 1,141 $290,505,000 $254,606 $4,536 2.69%
Not provided 79 $23,825,000 $301,582 $5,717 2.80%
Not applicable 28 $7,740,000 $276,429 $0 4.53%
Asian 19 $5,295,000 $278,684 $4,984 2.82%
Black 17 $3,615,000 $212,647 $2,907 2.39%
American Indian 6 $1,710,000 $285,000 $5,485 2.89%
Other Pacific Islander 1 $405,000 $405,000 $6,024 2.38%

Approval Rates

Total approvals of all applications
98.11%

Jonah Bank Of Wyoming 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
92.72%

Jonah Bank Of Wyoming has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 1,291 $333,095,000 $258,013

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
1,291 $333,095,000 $258,013

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 47 $8,205,000 $174,574 $2,544 2.75%
40-60% 167 $35,045,000 $209,850 $2,862 2.75%
60-80% 453 $117,765,000 $259,967 $3,973 3.00%
80-100% 475 $143,435,000 $301,968 $5,617 2.76%
Over 100% 32 $12,360,000 $386,250 $14,188 2.38%
Under 20% 67 $1,315,000 $19,627 $1,820 1.19%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Jonah Bank of Wyoming 2015 Central Avenue Cheyenne, WY 82001 Full Service B&M $83,414
Jonah Bank of Wyoming 205 Storey Blvd Cheyenne, WY 82009 Full Service B&M $106,800
Jonah Bank of Wyoming 3730 Esat Second Street Casper, WY 82609 Full Service B&M $126,333
Jonah Bank of Wyoming 777 West First Street Casper, WY 82601 Full Service B&M $112,903

For 2021, Jonah Bank Of Wyoming had 4 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $16,657
Net interest income $16,191
Total noninterest income $9,084
Gross Fiduciary activities income $0
Service charges on deposit accounts $159
Trading account gains and fees $0
Additional Noninterest Income $8,925
Pre-tax net operating income $11,823
Securities gains (or losses, -) $0
Income before extraordinary items $9,360
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $9,360
Minority interest net income $0
Net income $9,360
Sale, conversion, retirement of capital stock, net $0
Net operating income $9,360

Jonah Bank Of Wyoming's gross interest income from loans was $16,657,000.
Jonah Bank Of Wyoming's net interest income from loans was $16,191,000.
Jonah Bank Of Wyoming's fee based income from loans was $159,000.
Jonah Bank Of Wyoming's net income from loans was $9,360,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $466
Provision for credit losses $-564
Total noninterest expense $14,016
Salaries and employee benefits $9,551
Premises and equipment expense $1,606
Additional noninterest expense $2,859
Applicable income taxes $2,463
Net charge-offs $125
Cash dividends $6,174

Jonah Bank Of Wyoming's interest expense for loans was $466,000.
Jonah Bank Of Wyoming's payroll and benefits expense were $9,551,000.
Jonah Bank Of Wyoming's property, plant and equipment expenses $1,606,000.

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 $463,167
Deposits held in domestic offices $463,167
Deposits by Individuals, partnerships, and corporations $457,792
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $5,375
Deposits by Commercial banks and other depository institutions in U.S. $0
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $315,751
Demand deposits $255,638
Nontransaction accounts $147,416
Money market deposit accounts (MMDAs) $11,245
Other savings deposits (excluding MMDAs) $119,095
Total time deposits $17,076
Total time and savings deposits $207,529
Noninterest-bearing deposits $173,772
Interest-bearing deposits $289,395
Retail deposits $453,317
IRAs and Keogh plan accounts $0
Brokered deposits $0
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $510,754
Cash & Balances due from depository institutions $152,517
Interest-bearing balances $85,754
Total securities $53,288
Federal funds sold & reverse repurchase $0
Net loans and leases $285,953
Loan and leases loss allowance $5,247
Trading account assets $0
Bank premises and fixed assets $7,940
Other real estate owned $0
Goodwill and other intangibles $0
All other assets $11,056

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $510,754
Total Liabilities $465,027
Total deposits $463,167
Interest-bearing deposits $289,395
Deposits held in domestic offices $463,167
% insured (estimated) $52
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $1,860

Issued Loan Types

Type Value (in 000's)
Net loans and leases $285,953
Loan and leases loss allowance $5,247
Total loans and leases (domestic) $291,200
All real estate loans $228,561
Real estate loans in domestic offices $228,561
Construction and development loans $12,872
Residential 1-4 family construction $3,829
Other construction, all land development and other land $9,043
Loans secured by nonfarm nonresidential properties $148,634
Nonfarm nonresidential secured by owner-occupied properties $87,385
Commercial real estate & other non-farm, non-residential $61,249
Multifamily residential real estate $12,733
1-4 family residential loans $39,129
Farmland loans $15,193
Loans held in foreign offices $0
Farm loans $619
Commercial and industrial loans $59,567
To non-U.S. addressees $0
Loans to individuals $1,588
Credit card loans $843
Related Plans $528
Consumer Auto Loans $149
Other loans to individuals $68
All other loans & leases $1,579
Loans to foreign governments and official institutions $0
Other loans $95
Loans to depository institutions and acceptances of other banks $0
Loans not secured by real estate $7,346
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

Jonah Bank of Wyoming had $285,953,000 of loans outstanding in 2021. $228,561,000 of loans were in real estate loans. $12,872,000 of loans were in development loans. $12,733,000 of loans were in multifamily mortgage loans. $39,129,000 of loans were in 1-4 family mortgage loans. $619,000 of loans were in farm loans. $843,000 of loans were in credit card loans. $149,000 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 219 $55,289 $252,461
Nonfarm, nonresidential loans - <$100k 34 $972 $28,588
Nonfarm, nonresidential loans - $100-250k 64 $8,621 $134,703
Nonfarm, nonresidential loans - $250k-1MM 121 $45,696 $377,653
Commercial & Industrial, US addressed loans - <$1MM 317 $17,014 $53,672
Commercial & Industrial, US addressed loans - <$100k 204 $3,806 $18,657
Commercial & Industrial, US addressed loans - $100-250k 41 $4,841 $118,073
Commercial & Industrial, US addressed loans - $250k-1MM 72 $8,367 $116,208
Farmland loans - <$1MM 11 $2,040 $185,455
Farmland loans - <$100k 2 $123 $61,500
Farmland loans - $100-250k 3 $197 $65,667
Farmland loans - $250k-1MM 6 $1,720 $286,667
Agriculture operations loans - <$1MM 23 $619 $26,913
Agriculture operations loans - <$100k 20 $196 $9,800
Agriculture operations loans - $100-250k 3 $423 $141,000