Interbank Mortgage Rates, Fees & Info
Oklahoma City, OKLEI: 549300T2PYPUFN0IWJ63
Tax ID: 73-1319566
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Review & Overview
Interbank is a smaller bank specializing in Home Purchase and Refi loans. Interbank 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: Dallas, Oklahoma City, Stephenville, Elk City, and Enid among others. We have data for 29 markets. (Some data included below & more in-depth data is available with an active subscription.)Interbank 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. Interbank is typically a low 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
---|---|---|
30 Year Conventional Purchase | 6.76% | 12/16/24 |
30 Year Conventional Refi | 6.54% | 12/16/24 |
30 Year Cash-out Refi | 6.80% | 12/16/24 |
30 Year FHA Purchase | 7.06% | 12/16/24 |
30 Year FHA Refi | 6.27% | 12/16/24 |
30 Year VA Purchase | 6.27% | 12/16/24 |
30 Year USDA Purchase | 6.27% | 12/16/24 |
15 Year Conventional Purchase | 6.46% | 12/16/24 |
15 Year Conventional Refi | 6.99% | 12/16/24 |
15 Year Cash-out Refi | 6.99% | 12/16/24 |
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. |
Interbank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
675Origination Dollar Volume (All Markets)
$143,385,000Employee count
515 Show all (6) awardsInterBank - 2021
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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 |
---|---|---|---|---|---|
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 113 | $39,195,000 | $346,858 | $3,864 | 3.70% |
OKLAHOMA CITY, OK (FHA|USDA|VA) | 145 | $36,195,000 | $249,621 | $3,336 | 3.45% |
Outside of Metro Areas | 173 | $26,105,000 | $150,896 | $2,915 | 3.97% |
Stephenville, TX (FHA|USDA|VA) | 69 | $12,235,000 | $177,319 | $2,987 | 3.39% |
Elk City, OK (FHA|USDA|VA) | 35 | $5,845,000 | $167,000 | $2,933 | 3.95% |
ENID, OK (FHA|USDA|VA) | 41 | $4,515,000 | $110,122 | $2,329 | 3.94% |
Weatherford, OK (FHA|USDA|VA) | 40 | $4,340,000 | $108,500 | $2,259 | 4.15% |
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 6 | $2,920,000 | $486,667 | $4,268 | 3.19% |
Granbury, TX (FHA|USDA|VA) | 13 | $2,875,000 | $221,154 | $2,970 | 3.68% |
Mineral Wells, TX (FHA|USDA|VA) | 2 | $1,930,000 | $965,000 | $7,061 | 3.63% |
AMARILLO, TX (FHA|USDA|VA) | 4 | $1,050,000 | $262,500 | $2,952 | 3.28% |
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 3 | $785,000 | $261,667 | $4,224 | 2.58% |
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 4 | $740,000 | $185,000 | $3,661 | 4.25% |
LONGVIEW, TX (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $6,967 | 4.50% |
LUBBOCK, TX (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $4,538 | 2.38% |
Stillwater, OK (FHA|USDA|VA) | 4 | $480,000 | $120,000 | $3,758 | 3.84% |
TULSA, OK (FHA|USDA|VA) | 3 | $435,000 | $145,000 | $3,840 | 3.46% |
WICHITA FALLS, TX (FHA|USDA|VA) | 4 | $400,000 | $100,000 | $2,121 | 3.81% |
LAWTON, OK (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,066 | 2.75% |
Athens, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,425 | 2.25% |
GAINESVILLE, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,647 | 2.38% |
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,101 | 3.63% |
SHERMAN-DENISON, TX (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $1,325 | 3.75% |
ABILENE, TX (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $0 | 5.13% |
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 2.88% |
Tahlequah, OK (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 4.00% |
WACO, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 4.50% |
MIDLAND, TX (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $691 | 5.50% |
Brownwood, TX (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 6.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against InterBank 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 | 670 | $142,330,000 | $212,433 | $3,130 | 3.73% |
FHA | 5 | $1,055,000 | $211,000 | $7,502 | 3.23% |
For 2021, Interbank's most frequently originated type of loan was Conventional, with 670 originations. Their 2nd most popular type was FHA, with 5 originations.
Loan Reason
For 2021, Interbank's most frequently cited loan purpose was Home Purchase, with 364 originations. The 2nd most popular reason was Refi, with 170 originations.
Loan Duration/Length
For 2021, Interbank's most frequently cited loan duration was 30 Year, with 312 originations. The 2nd most popular length was 15 Year, with 106 originations.
Origination Fees/Closing Costs
Interbank's average total fees were $3,525, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 401 originations.
Interest Rates
During 2021, Interbank's average interest rate for loans was 3.16%, while their most frequently originated rate bucket for loans was 4-5%, with 200 originations.
Loan Sizing
2021 saw Interbank place emphasis on $100,000 or less loans with 216 originations, totaling $12,500,000 in origination value.
Applicant Income
Interbank lent most frequently to those with incomes in the $100k-150k range, with 120 originations. The second most popular income band? $150k-250k, with 88 originations.
Applicant Debt to Income Ratio
Interbank lent most frequently to those with DTI ratios of 20-30%, with 150 originations. The next most common DTI ratio? 30-36%, with 95 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.99%
Interbank has an average approval rate.
Pick Rate
Approvals leading to origination84.44%
Interbank has a below average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
NA | 675 | $143,385,000 | $212,422 |
LTV Distribution
Complaints
Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
---|---|---|---|---|
INTERACTIVE MORTGAGE | Conventional home mortgage | Closing on a mortgage | 1 | 100.0% |
Bank Details
Branches
Bank Name | Branch | Branch Type | Deposits (000's) |
---|---|---|---|
Interbank | 11th Street At Cleveland Friona, TX 79035 | Full Service B&M | $83,707 |
Interbank | 455 Elm Street Graham, TX 76450 | Full Service B&M | $142,567 |
Interbank | 115 Main Street Canadian, TX 79014 | Full Service B&M | $64,157 |
Interbank | 100 Commercial Avenue Coleman, TX 76834 | Full Service B&M | $84,115 |
Interbank | 100 North Washington Street Seymour, TX 76380 | Full Service B&M | $49,326 |
Interbank | 101 North Main Street Hennessey, OK 73742 | Full Service B&M | $78,247 |
Interbank | 101 North Main Street Vega, TX 79092 | Full Service B&M | $23,416 |
Interbank | 101 North Rock Island El Reno, OK 73036 | Limited, Drive-thru | $0 |
Interbank | 102 N. State Hwy 342 Red Oak, TX 75154 | Full Service B&M | $25,681 |
Interbank | 110 East Cleveland Avenue Guthrie, OK 73044 | Limited, Drive-thru | $0 |
Interbank | 1201 West Memorial Road Oklahoma City, OK 73114 | Full Service B&M | $14,329 |
Interbank | 1209 South Main Kingfisher, OK 73750 | Limited, Drive-thru | $0 |
Interbank | 123 West Main Street Sayre, OK 73662 | Full Service B&M | $79,028 |
Interbank | 125 East First Edmond, OK 73034 | Full Service B&M | $41,930 |
Interbank | 1431 S Midlothian Parkway Midlothian, TX 76065 | Full Service B&M | $35,265 |
Interbank | 150 Harbin Drive Stephenville, TX 76401 | Full Service B&M | $180,871 |
Interbank | 1620 West Third Street Elk City, OK 73648 | Full Service B&M | $78,397 |
Interbank | 200 North Fm 1187 Aledo, TX 76008 | Full Service B&M | $14,570 |
Interbank | 200 West Lingleville Highway Stephenville, TX 76401 | Full Service B&M | $0 |
Interbank | 210 N Minter Ave Throckmorton, TX 76483 | Full Service B&M | $49,829 |
Interbank | 224 East Oklahoma Avenue Guthrie, OK 73044 | Full Service B&M | $80,373 |
Interbank | 2409 Country Club Road El Reno, OK 73036 | Full Service B&M | $114,256 |
Interbank | 28517 U.S. Highway 377 North Bluff Dale, TX 76433 | Full Service B&M | $22,675 |
Interbank | 2919 N.W. 49th Street Oklahoma City, OK 73112 | Limited, Drive-thru | $0 |
Interbank | 300 Us 77 North Waxahachie, TX 75165 | Full Service B&M | $134,586 |
Interbank | 301 West Walker Street Breckenridge, TX 76424 | Full Service B&M | $70,245 |
Interbank | 307 West Main Street Olney, TX 76374 | Full Service B&M | $88,046 |
Interbank | 309 South Ranchwood Boulevard Yukon, OK 73099 | Full Service B&M | $33,252 |
Interbank | 320 North Main Street Kingfisher, OK 73750 | Full Service B&M | $129,129 |
Interbank | 400 South Main Hobart, OK 73651 | Full Service B&M | $23,355 |
Interbank | 405 Southwest Big Bend Trail Glen Rose, TX 76043 | Full Service B&M | $83,106 |
Interbank | 4255 Camp Bowie Fort Worth, TX 76107 | Full Service B&M | $290,045 |
Interbank | 429 South Jefferson Hobart, OK 73651 | Limited, Drive-thru | $0 |
Interbank | 4300 Lovers Lane - University Park Dallas, TX 75225 | Full Service B&M | $44,672 |
Interbank | 4501 William D. Tate Ave. Grapevine, TX 76051 | Full Service B&M | $182,875 |
Interbank | 4530 East Highway 377 Granbury, TX 76049 | Full Service B&M | $23,423 |
Interbank | 4921 North May Avenue Oklahoma City, OK 73112 | Full Service B&M | $379,960 |
Interbank | 501 Avenue F, N.W. Childress, TX 79201 | Full Service B&M | $24,381 |
Interbank | 510 North Commerce Enid, OK 73703 | Full Service B&M | $109,915 |
Interbank | 525 Morse Avenue Stinnett, TX 79083 | Full Service B&M | $11,095 |
Interbank | 5307 E. Mockingbird, Suite 200 Dallas, TX 75206 | Full Service B&M | $71,716 |
Interbank | 531 Deahl Street Borger, TX 79007 | Full Service B&M | $26,863 |
Interbank | 7300 South Pennsylvania Oklahoma City, OK 73159 | Full Service B&M | $48,762 |
Interbank | 807 Gary Boulevard Clinton, OK 73601 | Full Service B&M | $69,923 |
Interbank | Main Street Follett, TX 79034 | Full Service B&M | $36,017 |
For 2021, Interbank had 45 branches.
Yearly Performance Overview
Bank Income
Item | Value (in 000's) |
---|---|
Total interest income | $137,363 |
Net interest income | $132,790 |
Total noninterest income | $14,947 |
Gross Fiduciary activities income | $0 |
Service charges on deposit accounts | $3,434 |
Trading account gains and fees | $0 |
Additional Noninterest Income | $11,513 |
Pre-tax net operating income | $78,953 |
Securities gains (or losses, -) | $0 |
Income before extraordinary items | $78,953 |
Discontinued Operations (Extraordinary gains, net) | $0 |
Net income of bank and minority interests | $78,953 |
Minority interest net income | $0 |
Net income | $78,953 |
Sale, conversion, retirement of capital stock, net | $0 |
Net operating income | $78,953 |
Interbank's gross interest income from loans was $137,363,000.
Interbank's net interest income from loans was $132,790,000.
Interbank's fee based income from loans was $3,434,000.
Interbank's net income from loans was $78,953,000.
Bank Expenses
Item | Value (in 000's) |
---|---|
Total interest expense | $4,573 |
Provision for credit losses | $0 |
Total noninterest expense | $68,784 |
Salaries and employee benefits | $40,582 |
Premises and equipment expense | $13,693 |
Additional noninterest expense | $14,509 |
Applicable income taxes | $0 |
Net charge-offs | $-604 |
Cash dividends | $99,083 |
Interbank's interest expense for loans was $4,573,000.
Interbank's payroll and benefits expense were $40,582,000.
Interbank's property, plant and equipment expenses $13,693,000.
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 | 1.0% |
HELOC loans | 0.0% |
All other family | 1.0% |
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 | $3,680,610 |
Deposits held in domestic offices | $3,680,610 |
Deposits by Individuals, partnerships, and corporations | $3,363,307 |
Deposits by U.S. Government | $0 |
Deposits by States and political subdivisions in the U.S. | $277,665 |
Deposits by Commercial banks and other depository institutions in U.S. | $39,638 |
Deposits by Banks in foreign countries | $0 |
Deposits by Foreign governments and official institutions | $0 |
Transaction accounts | $2,456,033 |
Demand deposits | $2,456,033 |
Nontransaction accounts | $1,224,577 |
Money market deposit accounts (MMDAs) | $533,068 |
Other savings deposits (excluding MMDAs) | $347,205 |
Total time deposits | $344,304 |
Total time and savings deposits | $1,224,577 |
Noninterest-bearing deposits | $1,153,756 |
Interest-bearing deposits | $2,526,854 |
Retail deposits | $3,587,254 |
IRAs and Keogh plan accounts | $38,950 |
Brokered deposits | $0 |
Deposits held in foreign offices | $0 |
Assets
Asset | Value (in 000's) |
---|---|
Total Assets | $4,139,800 |
Cash & Balances due from depository institutions | $886,027 |
Interest-bearing balances | $853,014 |
Total securities | $0 |
Federal funds sold & reverse repurchase | $0 |
Net loans and leases | $3,046,271 |
Loan and leases loss allowance | $31,279 |
Trading account assets | $0 |
Bank premises and fixed assets | $73,673 |
Other real estate owned | $6,181 |
Goodwill and other intangibles | $89,008 |
All other assets | $38,640 |
Liabilities
Liabilities | Value (in 000's) |
---|---|
Total liabilities and capital | $4,139,800 |
Total Liabilities | $3,685,057 |
Total deposits | $3,680,610 |
Interest-bearing deposits | $2,526,854 |
Deposits held in domestic offices | $3,680,610 |
% insured (estimated) | $50 |
Federal funds purchased and repurchase agreements | $0 |
Trading liabilities | $0 |
Other borrowed funds | $53 |
Subordinated debt | $0 |
All other liabilities | $4,394 |
Issued Loan Types
Type | Value (in 000's) |
---|---|
Net loans and leases | $3,046,271 |
Loan and leases loss allowance | $31,279 |
Total loans and leases (domestic) | $3,077,550 |
All real estate loans | $2,034,327 |
Real estate loans in domestic offices | $2,034,327 |
Construction and development loans | $389,928 |
Residential 1-4 family construction | $76,231 |
Other construction, all land development and other land | $313,697 |
Loans secured by nonfarm nonresidential properties | $1,324,139 |
Nonfarm nonresidential secured by owner-occupied properties | $165,068 |
Commercial real estate & other non-farm, non-residential | $1,159,071 |
Multifamily residential real estate | $6,155 |
1-4 family residential loans | $169,569 |
Farmland loans | $144,536 |
Loans held in foreign offices | $0 |
Farm loans | $178,292 |
Commercial and industrial loans | $852,689 |
To non-U.S. addressees | $0 |
Loans to individuals | $17,715 |
Credit card loans | $0 |
Related Plans | $0 |
Consumer Auto Loans | $7,404 |
Other loans to individuals | $10,311 |
All other loans & leases | $2,486 |
Loans to foreign governments and official institutions | $0 |
Other loans | $348 |
Loans to depository institutions and acceptances of other banks | $0 |
Loans not secured by real estate | $0 |
Loans secured by real estate to non-U.S. addressees | $494 |
Restructured Loans & leases | $2,159 |
Non 1-4 family restructured loans & leases | $2,159 |
Total loans and leases (foreign) | $0 |
InterBank had $3,046,271,000 of loans outstanding in 2021. $2,034,327,000 of loans were in real estate loans. $389,928,000 of loans were in development loans. $6,155,000 of loans were in multifamily mortgage loans. $169,569,000 of loans were in 1-4 family mortgage loans. $178,292,000 of loans were in farm loans. $0 of loans were in credit card loans. $7,404,000 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 | 559 | $110,976 | $198,526 |
Nonfarm, nonresidential loans - <$100k | 172 | $6,060 | $35,233 |
Nonfarm, nonresidential loans - $100-250k | 148 | $16,322 | $110,284 |
Nonfarm, nonresidential loans - $250k-1MM | 239 | $88,594 | $370,686 |
Commercial & Industrial, US addressed loans - <$1MM | 1,560 | $79,064 | $50,682 |
Commercial & Industrial, US addressed loans - <$100k | 1,271 | $24,763 | $19,483 |
Commercial & Industrial, US addressed loans - $100-250k | 164 | $17,159 | $104,628 |
Commercial & Industrial, US addressed loans - $250k-1MM | 125 | $37,142 | $297,136 |
Farmland loans - <$1MM | 379 | $42,589 | $112,372 |
Farmland loans - <$100k | 175 | $6,695 | $38,257 |
Farmland loans - $100-250k | 141 | $17,317 | $122,816 |
Farmland loans - $250k-1MM | 63 | $18,577 | $294,873 |
Agriculture operations loans - <$1MM | 1,318 | $47,908 | $36,349 |
Agriculture operations loans - <$100k | 1,115 | $21,719 | $19,479 |
Agriculture operations loans - $100-250k | 142 | $14,826 | $104,408 |
Agriculture operations loans - $250k-1MM | 61 | $11,363 | $186,279 |