Avb Bank Mortgage Rates, Fees & Info
Broken Arrow, OKLEI: 549300U0JNFQTFMNJ219
Tax ID: 73-0131240
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Mortgage Data
Bank Data
Review & Overview
Avb Bank is a smaller bank specializing in Home Purchase and Refi loans. Avb Bank has a high proportion of conventional loans. Their top markets by origination volume include: Tulsa, Fort Smith, Tahlequah, Daphne, and Bartlesville among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)Avb 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.
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Originations
153Origination Dollar Volume (All Markets)
$29,435,000Employee count
84Top 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 |
|---|---|---|---|---|---|
| TULSA, OK (FHA|USDA|VA) | 141 | $27,315,000 | $193,723 | $0 | 0.00% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $0 | 0.00% |
| Tahlequah, OK (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $345,000 | $115,000 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| Bartlesville, OK (FHA|USDA|VA) | 2 | $180,000 | $90,000 | $0 | 0.00% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| Stillwater, OK (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
| SANTA FE, NM (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 152 | $28,990,000 | $190,724 | $0 | 0.00% |
| VA | 1 | $445,000 | $445,000 | $0 | 0.00% |
For 2020, Avb Bank's most frequently originated type of loan was Conventional, with 152 originations. Their 2nd most popular type was VA, with 1 originations.
Loan Reason
For 2020, Avb Bank's most frequently cited loan purpose was Home Purchase, with 81 originations. The 2nd most popular reason was Refi, with 40 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 153 | $29,435,000 | $192,386 | $0 | 0.00% |
For 2020, Avb Bank's most frequently cited loan duration was Other, with 153 originations.
Loan Sizing
2020 saw Avb Bank place emphasis on $100k-200k loans with 56 originations, totaling $7,910,000 in origination value.
Applicant Income
Avb Bank lent most frequently to those with incomes in the $100k-150k range, with 25 originations. The second most popular income band? $150k-250k, with 20 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 153 | $29,435,000 | $192,386 | $0 | 0.00% |
Avb Bank lent most frequently to those with DTI ratios of Exempt%, with 153 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.40%
Avb Bank has an average approval rate.
Pick Rate
Approvals leading to origination87.58%
Avb Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 153 | $29,435,000 | $192,386 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 1 | $85,000 | $85,000 |
| Single Family (1-4 Units):Site-Built | 152 | $29,350,000 | $193,092 |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Avb Bank | 2201 N. Elm Place Broken Arrow, OK 74012 | Full Service B&M | $32,814 |
| Avb Bank | 322 South Main Street Broken Arrow, OK 74012 | Full Service B&M | $289,625 |
| Avb Bank | 6401 S Elm Place Broken Arrow, OK 74011 | Full Service B&M | $43,457 |
| Avb Bank | 9810 East 51st Street Tulsa, OK 74146 | Full Service B&M | $20,993 |
For 2020, Avb Bank had 4 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $18,792 |
| Net interest income | $16,910 |
| Total noninterest income | $1,734 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $424 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $1,310 |
| Pre-tax net operating income | $2,879 |
| Securities gains (or losses, -) | $350 |
| Income before extraordinary items | $2,236 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $2,236 |
| Minority interest net income | $0 |
| Net income | $2,236 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $1,959 |
Avb Bank's gross interest income from loans was $18,792,000.
Avb Bank's net interest income from loans was $16,910,000.
Avb Bank's fee based income from loans was $424,000.
Avb Bank's net income from loans was $2,236,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $1,882 |
| Provision for credit losses | $2,920 |
| Total noninterest expense | $12,845 |
| Salaries and employee benefits | $8,001 |
| Premises and equipment expense | $1,829 |
| Additional noninterest expense | $3,015 |
| Applicable income taxes | $993 |
| Net charge-offs | $1,052 |
| Cash dividends | $1,400 |
Avb Bank's interest expense for loans was $1,882,000.
Avb Bank's payroll and benefits expense were $8,001,000.
Avb Bank's property, plant and equipment expenses $1,829,000.
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 | $416,997 |
| Deposits held in domestic offices | $416,997 |
| Deposits by Individuals, partnerships, and corporations | $319,417 |
| Deposits by U.S. Government | $14 |
| Deposits by States and political subdivisions in the U.S. | $96,049 |
| Deposits by Commercial banks and other depository institutions in U.S. | $1,517 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $212,469 |
| Demand deposits | $96,864 |
| Nontransaction accounts | $204,528 |
| Money market deposit accounts (MMDAs) | $105,532 |
| Other savings deposits (excluding MMDAs) | $19,842 |
| Total time deposits | $79,155 |
| Total time and savings deposits | $320,133 |
| Noninterest-bearing deposits | $80,637 |
| Interest-bearing deposits | $336,360 |
| Retail deposits | $405,092 |
| IRAs and Keogh plan accounts | $8,365 |
| Brokered deposits | $1 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $469,717 |
| Cash & Balances due from depository institutions | $87,439 |
| Interest-bearing balances | $83,643 |
| Total securities | $34,459 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $323,007 |
| Loan and leases loss allowance | $6,814 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $10,688 |
| Other real estate owned | $46 |
| Goodwill and other intangibles | $0 |
| All other assets | $14,078 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $469,717 |
| Total Liabilities | $424,392 |
| Total deposits | $416,997 |
| Interest-bearing deposits | $336,360 |
| Deposits held in domestic offices | $416,997 |
| % insured (estimated) | $64 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $5,000 |
| Subordinated debt | $0 |
| All other liabilities | $2,395 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $323,007 |
| Loan and leases loss allowance | $6,814 |
| Total loans and leases (domestic) | $329,821 |
| All real estate loans | $257,802 |
| Real estate loans in domestic offices | $257,802 |
| Construction and development loans | $29,215 |
| Residential 1-4 family construction | $13,597 |
| Other construction, all land development and other land | $15,618 |
| Loans secured by nonfarm nonresidential properties | $125,368 |
| Nonfarm nonresidential secured by owner-occupied properties | $74,492 |
| Commercial real estate & other non-farm, non-residential | $50,876 |
| Multifamily residential real estate | $14,905 |
| 1-4 family residential loans | $86,229 |
| Farmland loans | $2,085 |
| Loans held in foreign offices | $0 |
| Farm loans | $2,509 |
| Commercial and industrial loans | $58,898 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $1,567 |
| Credit card loans | $74 |
| Related Plans | $51 |
| Consumer Auto Loans | $363 |
| Other loans to individuals | $1,079 |
| All other loans & leases | $9,045 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $9,045 |
| 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 | $0 |
| Restructured Loans & leases | $0 |
| Non 1-4 family restructured loans & leases | $0 |
| Total loans and leases (foreign) | $0 |
AVB Bank had $323,007,000 of loans outstanding in 2020. $257,802,000 of loans were in real estate loans. $29,215,000 of loans were in development loans. $14,905,000 of loans were in multifamily mortgage loans. $86,229,000 of loans were in 1-4 family mortgage loans. $2,509,000 of loans were in farm loans. $74,000 of loans were in credit card loans. $363,000 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 | 84 | $18,862 | $224,548 |
| Nonfarm, nonresidential loans - <$100k | 9 | $414 | $46,000 |
| Nonfarm, nonresidential loans - $100-250k | 31 | $3,340 | $107,742 |
| Nonfarm, nonresidential loans - $250k-1MM | 44 | $15,108 | $343,364 |
| Commercial & Industrial, US addressed loans - <$1MM | 229 | $12,564 | $54,865 |
| Commercial & Industrial, US addressed loans - <$100k | 157 | $3,399 | $21,650 |
| Commercial & Industrial, US addressed loans - $100-250k | 48 | $4,631 | $96,479 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 24 | $4,534 | $188,917 |
| Farmland loans - <$1MM | 16 | $2,085 | $130,313 |
| Farmland loans - <$100k | 6 | $268 | $44,667 |
| Farmland loans - $100-250k | 5 | $593 | $118,600 |
| Farmland loans - $250k-1MM | 5 | $1,224 | $244,800 |
| Agriculture operations loans - <$1MM | 1 | $9 | $9,000 |
| Agriculture operations loans - <$100k | 1 | $9 | $9,000 |