Bank 34 Mortgage Rates, Fees & Info

Alamogordo, NM

LEI: 549300U708IU68HOIF33

Tax ID: 85-0142558

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

Review & Overview

Bank 34 is a smaller bank specializing in Home Purchase loans. Bank 34 has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Phoenix, Seattle, Las Cruces, Portland, and Albuquerque among others. We have data for 170 markets. (Some data included below & more in-depth data is available with an active subscription.)

Bank 34 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 34 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.

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Originations

1,668

Origination Dollar Volume (All Markets)

$347,990,000

Employee count

166

Awards

Bank 34 30 Year Conventional Loans bronze

Show all (3) 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
PHOENIX-MESA-CHANDLER, AZ (FHA\|USDA\|VA)	254	$71,300,000	$280,709	$5,404	4.78%
Seattle-Tacoma-Bellevue, WA (FHA\|USDA\|VA)	123	$42,745,000	$347,520	$7,679	4.62%
LAS CRUCES, NM (FHA\|USDA\|VA)	213	$30,255,000	$142,042	$3,882	5.03%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA\|USDA\|VA)	76	$23,490,000	$309,079	$5,908	4.69%
ALBUQUERQUE, NM (FHA\|USDA\|VA)	132	$20,180,000	$152,879	$4,971	5.27%
EL PASO, TX (FHA\|USDA\|VA)	96	$20,150,000	$209,896	$6,459	4.78%
Alamogordo, NM (FHA\|USDA\|VA)	163	$20,055,000	$123,037	$3,268	4.95%
MEDFORD, OR (FHA\|USDA\|VA)	61	$15,705,000	$257,459	$4,563	4.93%
Hobbs, NM (FHA\|USDA\|VA)	70	$12,830,000	$183,286	$6,982	5.18%
TUCSON, AZ (FHA\|USDA\|VA)	20	$10,050,000	$502,500	$4,104	4.96%
Nogales, AZ (FHA\|USDA\|VA)	31	$6,315,000	$203,710	$4,030	4.80%
DENVER-AURORA-LAKEWOOD, CO (FHA\|USDA\|VA)	13	$4,765,000	$366,538	$11,433	5.10%
OLYMPIA-LACEY-TUMWATER, WA (FHA\|USDA\|VA)	16	$3,720,000	$232,500	$6,227	4.48%
Outside of Metro Areas	24	$3,110,000	$129,583	$5,896	5.03%
MEMPHIS, TN-MS-AR (FHA\|USDA\|VA)	39	$3,085,000	$79,103	$4,065	5.84%
YUMA, AZ (FHA\|USDA\|VA)	20	$2,250,000	$112,500	$4,403	4.29%
Chicago-Naperville-Elgin, IL-IN-WI (FHA\|USDA\|VA)	12	$2,170,000	$180,833	$8,257	5.13%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA\|USDA\|VA)	16	$1,670,000	$104,375	$4,213	5.89%
San Francisco-Oakland-Berkeley, CA (FHA\|USDA\|VA)	3	$1,555,000	$518,333	$10,808	4.67%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA\|USDA\|VA)	2	$1,430,000	$715,000	$8,934	5.00%
SANTA FE, NM (FHA\|USDA\|VA)	7	$1,415,000	$202,143	$5,471	5.09%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA\|USDA\|VA)	6	$1,330,000	$221,667	$6,435	5.00%
Dallas-Fort Worth-Arlington, TX (FHA\|USDA\|VA)	9	$1,315,000	$146,111	$6,360	4.61%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA\|USDA\|VA)	3	$1,285,000	$428,333	$8,854	5.08%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA\|USDA\|VA)	3	$1,285,000	$428,333	$10,295	5.13%
Carlsbad-Artesia, NM (FHA\|USDA\|VA)	12	$1,280,000	$106,667	$4,412	5.34%
GRANTS PASS, OR (FHA\|USDA\|VA)	4	$1,260,000	$315,000	$5,444	4.84%
ST. JOSEPH, MO-KS (FHA\|USDA\|VA)	1	$1,165,000	$1,165,000	$0	5.41%
SPOKANE-SPOKANE VALLEY, WA (FHA\|USDA\|VA)	4	$1,140,000	$285,000	$5,291	4.88%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA\|USDA\|VA)	4	$1,130,000	$282,500	$5,105	5.09%
YAKIMA, WA (FHA\|USDA\|VA)	4	$1,020,000	$255,000	$3,285	5.88%
Shelton, WA (FHA\|USDA\|VA)	4	$1,000,000	$250,000	$11,030	5.09%
Show Low, AZ (FHA\|USDA\|VA)	4	$930,000	$232,500	$2,811	4.89%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA\|USDA\|VA)	4	$930,000	$232,500	$3,226	3.88%
SALEM, OR (FHA\|USDA\|VA)	4	$900,000	$225,000	$7,587	4.63%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA\|USDA\|VA)	4	$870,000	$217,500	$6,642	5.41%
COLORADO SPRINGS, CO (FHA\|USDA\|VA)	4	$850,000	$212,500	$8,380	4.56%
KENNEWICK-RICHLAND, WA (FHA\|USDA\|VA)	3	$815,000	$271,667	$4,158	4.33%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA\|USDA\|VA)	6	$760,000	$126,667	$6,848	5.21%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA\|USDA\|VA)	3	$755,000	$251,667	$5,622	5.63%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA\|USDA\|VA)	5	$745,000	$149,000	$7,333	4.73%
JACKSON, TN (FHA\|USDA\|VA)	5	$715,000	$143,000	$5,697	5.23%
FLAGSTAFF, AZ (FHA\|USDA\|VA)	1	$695,000	$695,000	$5,662	4.75%
MOUNT VERNON-ANACORTES, WA (FHA\|USDA\|VA)	2	$680,000	$340,000	$9,893	4.63%
Boston-Cambridge-Newton, MA-NH (FHA\|USDA\|VA)	1	$615,000	$615,000	$29,828	4.50%
Detroit-Warren-Dearborn, MI (FHA\|USDA\|VA)	2	$600,000	$300,000	$7,290	5.31%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA\|USDA\|VA)	2	$580,000	$290,000	$7,873	4.94%
Butte-Silver Bow, MT (FHA\|USDA\|VA)	2	$520,000	$260,000	$10,693	5.31%
YUBA CITY, CA (FHA\|USDA\|VA)	2	$510,000	$255,000	$12,000	4.81%
Los Angeles-Long Beach-Anaheim, CA (FHA\|USDA\|VA)	2	$480,000	$240,000	$11,371	4.13%
WENATCHEE, WA (FHA\|USDA\|VA)	1	$445,000	$445,000	$18,843	4.63%
KANSAS CITY, MO-KS (FHA\|USDA\|VA)	4	$430,000	$107,500	$3,890	5.63%
JACKSON, MS (FHA\|USDA\|VA)	5	$415,000	$83,000	$3,605	5.62%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA\|USDA\|VA)	4	$410,000	$102,500	$4,599	3.78%
COLUMBUS, OH (FHA\|USDA\|VA)	2	$370,000	$185,000	$8,214	5.31%
ST. LOUIS, MO-IL (FHA\|USDA\|VA)	5	$365,000	$73,000	$4,109	3.98%
RICHMOND, VA (FHA\|USDA\|VA)	2	$350,000	$175,000	$9,572	5.13%
New York-Newark-Jersey City, NY-NJ-PA (FHA\|USDA\|VA)	2	$350,000	$175,000	$7,774	5.06%
Durango, CO (FHA\|USDA\|VA)	1	$345,000	$345,000	$3,720	5.63%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA\|USDA\|VA)	3	$345,000	$115,000	$5,173	6.08%
Port Angeles, WA (FHA\|USDA\|VA)	2	$340,000	$170,000	$7,201	5.06%
Sterling, CO (FHA\|USDA\|VA)	2	$340,000	$170,000	$6,411	5.10%
Aberdeen, WA (FHA\|USDA\|VA)	2	$330,000	$165,000	$5,388	4.81%
MUNCIE, IN (FHA\|USDA\|VA)	3	$325,000	$108,333	$4,391	6.17%
EVANSVILLE, IN-KY (FHA\|USDA\|VA)	3	$315,000	$105,000	$5,397	5.67%
BELLINGHAM, WA (FHA\|USDA\|VA)	1	$315,000	$315,000	$3,667	4.88%
YORK-HANOVER, PA (FHA\|USDA\|VA)	2	$310,000	$155,000	$8,292	5.00%
Payson, AZ (FHA\|USDA\|VA)	1	$305,000	$305,000	$4,715	5.63%
COLUMBIA, MO (FHA\|USDA\|VA)	2	$300,000	$150,000	$5,493	5.31%
Tullahoma-Manchester, TN (FHA\|USDA\|VA)	2	$300,000	$150,000	$6,348	4.44%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA\|USDA\|VA)	3	$295,000	$98,333	$5,108	5.08%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA\|USDA\|VA)	1	$285,000	$285,000	$12,831	4.75%
STOCKTON, CA (FHA\|USDA\|VA)	1	$285,000	$285,000	$12,999	4.50%
EL CENTRO, CA (FHA\|USDA\|VA)	1	$285,000	$285,000	$6,264	6.13%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA\|USDA\|VA)	2	$270,000	$135,000	$5,073	6.19%
Brookings, SD (FHA\|USDA\|VA)	1	$265,000	$265,000	$2,521	4.63%
PUEBLO, CO (FHA\|USDA\|VA)	1	$265,000	$265,000	$1,534	4.75%
CINCINNATI, OH-KY-IN (FHA\|USDA\|VA)	1	$265,000	$265,000	$15,339	4.88%
GRAND RAPIDS-KENTWOOD, MI (FHA\|USDA\|VA)	2	$260,000	$130,000	$4,895	5.19%
BURLINGTON, NC (FHA\|USDA\|VA)	1	$255,000	$255,000	$6,196	5.00%
SAVANNAH, GA (FHA\|USDA\|VA)	1	$255,000	$255,000	$7,675	5.88%
OKLAHOMA CITY, OK (FHA\|USDA\|VA)	2	$250,000	$125,000	$5,585	4.50%
Middlesborough, KY (FHA\|USDA\|VA)	2	$250,000	$125,000	$6,474	5.31%
GREELEY, CO (FHA\|USDA\|VA)	1	$245,000	$245,000	$5,599	5.25%
LAKE HAVASU CITY-KINGMAN, AZ (FHA\|USDA\|VA)	1	$245,000	$245,000	$17,811	4.38%
Klamath Falls, OR (FHA\|USDA\|VA)	1	$245,000	$245,000	$9,293	4.88%
LEXINGTON-FAYETTE, KY (FHA\|USDA\|VA)	2	$240,000	$120,000	$5,296	5.19%
BOWLING GREEN, KY (FHA\|USDA\|VA)	1	$235,000	$235,000	$2,601	4.13%
JACKSONVILLE, FL (FHA\|USDA\|VA)	1	$235,000	$235,000	$9,005	4.75%
Outside of Metro Areas	1	$225,000	$225,000	$5,505	4.50%
North Port-Sarasota-Bradenton, FL (FHA\|USDA\|VA)	1	$225,000	$225,000	$3,999	6.25%
LUBBOCK, TX (FHA\|USDA\|VA)	1	$225,000	$225,000	$5,213	3.88%
SIERRA VISTA-DOUGLAS, AZ (FHA\|USDA\|VA)	1	$225,000	$225,000	$3,864	4.75%
RALEIGH-CARY, NC (FHA\|USDA\|VA)	1	$225,000	$225,000	$10,358	4.38%
LYNCHBURG, VA (FHA\|USDA\|VA)	1	$225,000	$225,000	$6,766	5.25%
COLLEGE STATION-BRYAN, TX (FHA\|USDA\|VA)	2	$220,000	$110,000	$4,594	5.56%
CAPE CORAL-FORT MYERS, FL (FHA\|USDA\|VA)	1	$215,000	$215,000	$11,809	5.25%
NEW BERN, NC (FHA\|USDA\|VA)	1	$205,000	$205,000	$9,700	5.63%
LONGVIEW, WA (FHA\|USDA\|VA)	1	$205,000	$205,000	$12,404	5.38%
Coldwater, MI (FHA\|USDA\|VA)	1	$205,000	$205,000	$3,238	5.38%
OGDEN-CLEARFIELD, UT (FHA\|USDA\|VA)	1	$205,000	$205,000	$13,177	5.00%
GREEN BAY, WI (FHA\|USDA\|VA)	1	$205,000	$205,000	$2,262	5.25%
FLINT, MI (FHA\|USDA\|VA)	1	$205,000	$205,000	$9,977	5.25%
Sandpoint, ID (FHA\|USDA\|VA)	1	$205,000	$205,000	$4,378	4.63%
NEW HAVEN-MILFORD, CT (FHA\|USDA\|VA)	1	$195,000	$195,000	$11,785	4.75%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA\|USDA\|VA)	2	$190,000	$95,000	$4,859	6.31%
COLUMBIA, SC (FHA\|USDA\|VA)	1	$185,000	$185,000	$9,678	4.38%
OCALA, FL (FHA\|USDA\|VA)	2	$180,000	$90,000	$4,571	2.63%
New Castle, PA (FHA\|USDA\|VA)	1	$175,000	$175,000	$9,120	5.25%
DALTON, GA (FHA\|USDA\|VA)	1	$175,000	$175,000	$6,655	5.63%
IDAHO FALLS, ID (FHA\|USDA\|VA)	1	$175,000	$175,000	$8,464	4.75%
LOUISVILLE, KY (FHA\|USDA\|VA)	1	$175,000	$175,000	$8,641	5.50%
Blackfoot, ID (FHA\|USDA\|VA)	1	$175,000	$175,000	$5,118	6.75%
SHERMAN-DENISON, TX (FHA\|USDA\|VA)	2	$170,000	$85,000	$6,106	5.38%
WAUSAU-WESTON, WI (FHA\|USDA\|VA)	2	$170,000	$85,000	$4,659	2.69%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA\|USDA\|VA)	2	$170,000	$85,000	$3,005	5.44%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA\|USDA\|VA)	1	$165,000	$165,000	$8,923	4.13%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA\|USDA\|VA)	1	$165,000	$165,000	$6,563	4.75%
Thomasville, GA (FHA\|USDA\|VA)	1	$165,000	$165,000	$4,931	5.63%
TYLER, TX (FHA\|USDA\|VA)	1	$165,000	$165,000	$9,825	5.63%
Duncan, OK (FHA\|USDA\|VA)	2	$160,000	$80,000	$3,856	6.38%
BRUNSWICK, GA (FHA\|USDA\|VA)	1	$155,000	$155,000	$8,245	5.25%
Winnemucca, NV (FHA\|USDA\|VA)	1	$155,000	$155,000	$11,435	5.50%
TOLEDO, OH (FHA\|USDA\|VA)	2	$150,000	$75,000	$8,631	3.06%
ODESSA, TX (FHA\|USDA\|VA)	2	$150,000	$75,000	$3,457	6.50%
BIRMINGHAM-HOOVER, AL (FHA\|USDA\|VA)	1	$145,000	$145,000	$6,622	5.00%
North Wilkesboro, NC (FHA\|USDA\|VA)	1	$145,000	$145,000	$7,612	5.25%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA\|USDA\|VA)	1	$145,000	$145,000	$7,470	4.50%
JANESVILLE-BELOIT, WI (FHA\|USDA\|VA)	1	$145,000	$145,000	$7,006	5.63%
Taos, NM (FHA\|USDA\|VA)	1	$145,000	$145,000	$5,219	5.38%
SALT LAKE CITY, UT (FHA\|USDA\|VA)	1	$145,000	$145,000	$8,771	5.63%
Torrington, CT (FHA\|USDA\|VA)	2	$140,000	$70,000	$3,086	6.56%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA\|USDA\|VA)	1	$135,000	$135,000	$9,027	4.50%
Red Bluff, CA (FHA\|USDA\|VA)	1	$135,000	$135,000	$7,322	4.25%
Newport, OR (FHA\|USDA\|VA)	1	$135,000	$135,000	$7,456	4.75%
HUNTSVILLE, AL (FHA\|USDA\|VA)	1	$135,000	$135,000	$7,797	5.63%
HOT SPRINGS, AR (FHA\|USDA\|VA)	1	$125,000	$125,000	$5,100	4.75%
HUNTINGTON-ASHLAND, WV-KY-OH (FHA\|USDA\|VA)	1	$125,000	$125,000	$5,259	4.75%
JEFFERSON CITY, MO (FHA\|USDA\|VA)	1	$125,000	$125,000	$7,711	4.50%
LIMA, OH (FHA\|USDA\|VA)	1	$125,000	$125,000	$6,064	5.63%
Mountain Home, AR (FHA\|USDA\|VA)	1	$125,000	$125,000	$6,487	4.75%
Albert Lea, MN (FHA\|USDA\|VA)	1	$125,000	$125,000	$4,461	5.25%
Plymouth, IN (FHA\|USDA\|VA)	1	$125,000	$125,000	$6,255	5.13%
Campbellsville, KY (FHA\|USDA\|VA)	1	$125,000	$125,000	$7,361	4.75%
DURHAM-CHAPEL HILL, NC (FHA\|USDA\|VA)	1	$115,000	$115,000	$4,561	4.88%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA\|USDA\|VA)	1	$115,000	$115,000	$6,666	4.88%
WINSTON-SALEM, NC (FHA\|USDA\|VA)	1	$115,000	$115,000	$6,001	5.63%
Warsaw, IN (FHA\|USDA\|VA)	1	$105,000	$105,000	$6,854	5.13%
KALAMAZOO-PORTAGE, MI (FHA\|USDA\|VA)	1	$105,000	$105,000	$5,550	5.63%
Española, NM (FHA\|USDA\|VA)	1	$105,000	$105,000	$3,748	5.88%
Chillicothe, OH (FHA\|USDA\|VA)	1	$105,000	$105,000	$6,719	4.75%
ANNISTON-OXFORD, AL (FHA\|USDA\|VA)	1	$105,000	$105,000	$8,700	5.25%
DOTHAN, AL (FHA\|USDA\|VA)	2	$100,000	$50,000	$4,871	6.75%
HOMOSASSA SPRINGS, FL (FHA\|USDA\|VA)	1	$95,000	$95,000	$6,694	5.25%
Ruidoso, NM (FHA\|USDA\|VA)	1	$95,000	$95,000	$2,947	5.25%
DAYTON-KETTERING, OH (FHA\|USDA\|VA)	1	$95,000	$95,000	$5,257	5.63%
Moses Lake, WA (FHA\|USDA\|VA)	1	$95,000	$95,000	$3,916	4.38%
Menomonie, WI (FHA\|USDA\|VA)	1	$95,000	$95,000	$2,731	5.38%
FAYETTEVILLE, NC (FHA\|USDA\|VA)	1	$95,000	$95,000	$7,241	4.25%
ALTOONA, PA (FHA\|USDA\|VA)	1	$85,000	$85,000	$5,884	5.00%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA\|USDA\|VA)	1	$85,000	$85,000	$5,867	5.13%
ATHENS-CLARKE COUNTY, GA (FHA\|USDA\|VA)	1	$85,000	$85,000	$5,913	5.50%
Shelbyville, TN (FHA\|USDA\|VA)	1	$75,000	$75,000	$5,341	5.25%
Somerset, KY (FHA\|USDA\|VA)	1	$75,000	$75,000	$6,269	5.63%
Las Vegas, NM (FHA\|USDA\|VA)	1	$75,000	$75,000	$4,126	5.38%
Deming, NM (FHA\|USDA\|VA)	1	$65,000	$65,000	$1,875	4.38%
SPRINGFIELD, MA (FHA\|USDA\|VA)	1	$65,000	$65,000	$4,348	5.63%
COLUMBUS, GA-AL (FHA\|USDA\|VA)	1	$65,000	$65,000	$4,427	4.63%
JACKSONVILLE, NC (FHA\|USDA\|VA)	1	$55,000	$55,000	$3,785	5.13%
Grants, NM (FHA\|USDA\|VA)	1	$45,000	$45,000	$2,708	5.75%

Bank 34's top markets include Phoenix, Seattle, Las Cruces, Portland, and Albuquerque among others.

Their top states include:

Arizona (FHA|USDA|VA)

New Mexico (FHA|USDA|VA)

Washington (FHA|USDA|VA)

Oregon (FHA|USDA|VA)

Texas (FHA|USDA|VA)

Similar Lenders

We use machine learning to identify the top lenders compared against Bank 34 based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

SANDIA LABORATORY
Similarity Rank: 28

People's Community Federal Credit Union
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EVOLVE
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GECU
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Kirtland Federal Credit Union
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SANDIA AREA
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RIO GRANDE
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PATRIOT MORTGAGE COMPANY
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Greenfield Banking Company
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Sno Falls Credit Union
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Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	954	$205,490,000	$215,398	$3,769	4.97%
FHA	466	$85,760,000	$184,034	$7,597	5.04%
VA	230	$53,600,000	$233,043	$7,549	4.78%
USDA	18	$3,140,000	$174,444	$5,793	4.82%

For 2018, Bank 34's most frequently originated type of loan was Conventional, with 954 originations. Their 2nd most popular type was FHA, with 466 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	1,352	$270,230,000	$199,874	$5,272	4.94%
Cash Out Refi	224	$55,360,000	$247,143	$6,724	5.06%
Refi	83	$21,745,000	$261,988	$4,701	4.93%
Home Improvement	4	$200,000	$50,000	$2,123	5.51%
NA	3	$405,000	$135,000	$0	5.25%
Other	2	$50,000	$25,000	$1,139	4.92%

For 2018, Bank 34's most frequently cited loan purpose was Home Purchase, with 1,352 originations. The 2nd most popular reason was Cash Out Refi, with 224 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
30 Year	1,529	$301,665,000	$197,296	$5,568	4.99%
15 Year	46	$8,210,000	$178,478	$4,796	4.34%
5 Year	35	$31,185,000	$891,000	$627	5.59%
10 Year	30	$1,510,000	$50,333	$611	5.38%
20 Year	13	$2,715,000	$208,846	$4,582	4.72%
3 Year	10	$70,000	$7,000	$90	0.00%
Other	5	$2,635,000	$527,000	$4,712	4.93%

For 2018, Bank 34's most frequently cited loan duration was 30 Year, with 1,529 originations. The 2nd most popular length was 15 Year, with 46 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$<1k	737	$115,275,000	$156,411
$1k-2k	416	$88,170,000	$211,947
$2k-3k	167	$32,735,000	$196,018
$3k-4k	131	$28,675,000	$218,893
$5k+	103	$33,305,000	$323,350
$4k-5k	70	$15,580,000	$222,571

Bank 34's average total fees were $5,568, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 737 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
4-5%	785	$174,265,000	$221,994
5-6%	707	$147,875,000	$209,158
3-4%	57	$14,875,000	$260,965
6-7%	57	$10,525,000	$184,649
<2.5%	49	$385,000	$7,857
7-8%	13	$65,000	$5,000

During 2018, Bank 34's average interest rate for loans was 4.99%, while their most frequently originated rate bucket for loans was 4-5%, with 785 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-200k	657	$100,705,000	$153,280	$5,439	5.01%
$200k-400k	533	$143,505,000	$269,240	$6,612	5.00%
$100,000 or less	344	$16,430,000	$47,762	$2,240	4.80%
$400k-600k	95	$43,635,000	$459,316	$9,066	4.93%
$600k-1MM	24	$17,280,000	$720,000	$10,207	4.92%
$1MM+	15	$26,435,000	$1,762,333	$20,549	5.36%

2018 saw Bank 34 place emphasis on $100k-200k loans with 657 originations, totaling $100,705,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k or less	477	$56,005,000	$117,411	$4,392	4.92%
$50k-75k	468	$80,300,000	$171,581	$5,559	4.93%
$75k-100k	266	$59,190,000	$222,519	$6,155	4.88%
$100k-150k	236	$63,700,000	$269,915	$6,073	4.93%
$150k-250k	125	$37,075,000	$296,600	$6,071	5.18%
$250k+	60	$18,090,000	$301,500	$5,483	5.15%

Bank 34 lent most frequently to those with incomes in the $50k or less range, with 477 originations. The second most popular income band? $50k-75k, with 468 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-30%	209	$33,165,000	$158,684	$4,202	4.95%
30-36%	186	$35,180,000	$189,140	$5,304	4.97%
50-60%	182	$39,250,000	$215,659	$7,924	4.72%
<20%	134	$11,470,000	$85,597	$2,253	4.73%
49%	71	$14,875,000	$209,507	$6,116	4.89%
44%	64	$12,760,000	$199,375	$5,954	5.14%
43%	64	$12,050,000	$188,281	$5,872	5.14%
42%	62	$15,190,000	$245,000	$6,254	4.97%
46%	60	$11,950,000	$199,167	$6,465	5.09%
47%	58	$11,140,000	$192,069	$5,492	4.72%
39%	57	$11,545,000	$202,544	$5,531	5.11%
45%	54	$11,320,000	$209,630	$5,182	4.90%
41%	53	$12,725,000	$240,094	$6,554	5.12%
48%	50	$10,800,000	$216,000	$5,611	5.15%
37%	49	$10,525,000	$214,796	$4,475	5.08%
38%	48	$10,600,000	$220,833	$6,350	4.99%
40%	43	$8,665,000	$201,512	$4,902	4.93%
36%	35	$6,765,000	$193,286	$5,275	4.99%
>60%	17	$4,415,000	$259,706	$9,574	5.05%

Bank 34 lent most frequently to those with DTI ratios of 20-30%, with 209 originations. The next most common DTI ratio? 30-36%, with 186 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	1,233	$231,695,000	$187,912	$5,241	4.94%
Not applicable	41	$34,325,000	$837,195	$6,038	5.46%
Not provided	146	$29,060,000	$199,041	$5,813	4.87%
Asian	107	$25,585,000	$239,112	$5,155	5.14%
Black	105	$20,415,000	$194,429	$7,381	4.93%
American Indian	20	$4,100,000	$205,000	$4,874	4.84%
Native Hawaiian or Islander	11	$2,095,000	$190,455	$6,406	4.66%
Native Hawaiian	1	$315,000	$315,000	$5,896	4.75%
Asian Indian	1	$195,000	$195,000	$3,083	4.63%
Other Asian	2	$130,000	$65,000	$4,092	5.75%
Vietnamese	1	$75,000	$75,000	$2,142	5.13%

Approval Rates

Total approvals of all applications
92.11%

Bank 34 has an average approval rate.

Pick Rate

Approvals leading to origination
92.09%

Bank 34 has an average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
NA	1,668	$347,990,000	$208,627

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Manufactured	3	$3,655,000	$1,218,333
Multifamily:Site-Built	16	$21,060,000	$1,316,250
Single Family (1-4 Units):Manufactured	87	$12,845,000	$147,644
Single Family (1-4 Units):Site-Built	1,562	$310,430,000	$198,739

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	23	$5,105,000	$221,957	$4,250	4.90%
40-60%	69	$16,395,000	$237,609	$4,591	4.88%
60-80%	321	$81,635,000	$254,315	$5,171	5.10%
80-100%	922	$189,550,000	$205,586	$6,213	5.04%
Over 100%	57	$25,365,000	$445,000	$11,156	4.99%
Under 20%	144	$1,010,000	$7,014	$191	4.11%

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
BANK 34	14155 North 83rd Avenue, Suite 117 Peoria, AZ 85381	Full Service B&M	$20,501
BANK 34	14850 N. Scottsdale Rd., Ste 100 Scottsdale, AZ 85254	Full Service B&M	$114,100
BANK 34	220 N. Telshor Blvd. Las Cruces, NM 88011	Full Service B&M	$37,098
BANK 34	500 10th Street Alamogordo, NM 88310	Full Service B&M	$75,916

For 2018, Bank 34 had 4 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$17,633
Net interest income	$13,949
Total noninterest income	$15,182
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$133
Trading account gains and fees	$0
Additional Noninterest Income	$15,049
Pre-tax net operating income	$1,533
Securities gains (or losses, -)	$0
Income before extraordinary items	$1,100
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$1,100
Minority interest net income	$0
Net income	$1,100
Sale, conversion, retirement of capital stock, net	$483
Net operating income	$1,100

Bank 34's gross interest income from loans was $17,633,000.
Bank 34's net interest income from loans was $13,949,000.
Bank 34's fee based income from loans was $133,000.
Bank 34's net income from loans was $1,100,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$3,684
Provision for credit losses	$318
Total noninterest expense	$27,280
Salaries and employee benefits	$17,821
Premises and equipment expense	$2,102
Additional noninterest expense	$7,357
Applicable income taxes	$433
Net charge-offs	$534
Cash dividends	$4,800

Bank 34's interest expense for loans was $3,684,000.
Bank 34's payroll and benefits expense were $17,821,000.
Bank 34's property, plant and equipment expenses $2,102,000.

Loan Performance

Type of Loan	% of Loans Noncurrent (30+ days, end of period snapshot)
All loans	1.0%
Real Estate loans	1.0%
Construction & Land Development loans	0.0%
Nonfarm, nonresidential loans	1.0%
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	$270,628
Deposits held in domestic offices	$270,628
Deposits by Individuals, partnerships, and corporations	$259,774
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$8,379
Deposits by Commercial banks and other depository institutions in U.S.	$2,475
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$78,884
Demand deposits	$77,626
Nontransaction accounts	$191,744
Money market deposit accounts (MMDAs)	$107,577
Other savings deposits (excluding MMDAs)	$6,628
Total time deposits	$77,539
Total time and savings deposits	$193,002
Noninterest-bearing deposits	$50,790
Interest-bearing deposits	$219,838
Retail deposits	$235,888
IRAs and Keogh plan accounts	$8,162
Brokered deposits	$25,000
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$382,595
Cash & Balances due from depository institutions	$6,376
Interest-bearing balances	$2,312
Total securities	$33,429
Federal funds sold & reverse repurchase	$5,400
Net loans and leases	$309,675
Loan and leases loss allowance	$2,901
Trading account assets	$0
Bank premises and fixed assets	$9,616
Other real estate owned	$0
Goodwill and other intangibles	$309
All other assets	$17,790

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$382,595
Total Liabilities	$343,551
Total deposits	$270,628
Interest-bearing deposits	$219,838
Deposits held in domestic offices	$270,628
% insured (estimated)	$78
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$68,701
Subordinated debt	$0
All other liabilities	$4,222

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$309,675
Loan and leases loss allowance	$2,901
Total loans and leases (domestic)	$312,576
All real estate loans	$299,245
Real estate loans in domestic offices	$299,245
Construction and development loans	$26,160
Residential 1-4 family construction	$4,014
Other construction, all land development and other land	$22,146
Loans secured by nonfarm nonresidential properties	$149,905
Nonfarm nonresidential secured by owner-occupied properties	$32,609
Commercial real estate & other non-farm, non-residential	$117,296
Multifamily residential real estate	$46,841
1-4 family residential loans	$76,092
Farmland loans	$247
Loans held in foreign offices	$0
Farm loans	$0
Commercial and industrial loans	$14,217
To non-U.S. addressees	$0
Loans to individuals	$196
Credit card loans	$0
Related Plans	$12
Consumer Auto Loans	$34
Other loans to individuals	$150
All other loans & leases	$67
Loans to foreign governments and official institutions	$0
Other loans	$67
Loans to depository institutions and acceptances of other banks	$0
Loans not secured by real estate	$14,217
Loans secured by real estate to non-U.S. addressees	$0
Restructured Loans & leases	$54
Non 1-4 family restructured loans & leases	$0
Total loans and leases (foreign)	$0

Bank 34 had $309,675,000 of loans outstanding in 2018. $299,245,000 of loans were in real estate loans. $26,160,000 of loans were in development loans. $46,841,000 of loans were in multifamily mortgage loans. $76,092,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $34,000 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	137	$48,957	$357,350
Nonfarm, nonresidential loans - <$100k	14	$728	$52,000
Nonfarm, nonresidential loans - $100-250k	32	$3,650	$114,063
Nonfarm, nonresidential loans - $250k-1MM	91	$44,579	$489,879
Commercial & Industrial, US addressed loans - <$1MM	68	$10,811	$158,985
Commercial & Industrial, US addressed loans - <$100k	24	$803	$33,458
Commercial & Industrial, US addressed loans - $100-250k	12	$887	$73,917
Commercial & Industrial, US addressed loans - $250k-1MM	32	$9,121	$285,031
Farmland loans - <$1MM	1	$247	$247,000
Farmland loans - $250k-1MM	1	$247	$247,000