Bank 34 Mortgage Rates, Fees & Info
Alamogordo, NMLEI: 549300U708IU68HOIF33
Tax ID: 85-0142558
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Bank 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: Seattle, Phoenix, El Paso, Albuquerque, and Alamogordo among others. We have data for 55 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 a below 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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
Originations
634Origination Dollar Volume (All Markets)
$150,080,000Employee count
56Top 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 |
|---|---|---|---|---|---|
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 121 | $36,875,000 | $304,752 | $7,984 | 4.10% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 82 | $33,430,000 | $407,683 | $5,505 | 5.04% |
| EL PASO, TX (FHA|USDA|VA) | 44 | $9,820,000 | $223,182 | $6,172 | 4.61% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 60 | $9,300,000 | $155,000 | $4,791 | 4.90% |
| Alamogordo, NM (FHA|USDA|VA) | 64 | $8,650,000 | $135,156 | $2,941 | 4.36% |
| MEDFORD, OR (FHA|USDA|VA) | 27 | $8,245,000 | $305,370 | $4,432 | 4.70% |
| LAS CRUCES, NM (FHA|USDA|VA) | 61 | $7,655,000 | $125,492 | $3,297 | 4.71% |
| Hobbs, NM (FHA|USDA|VA) | 34 | $6,120,000 | $180,000 | $7,337 | 5.21% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 14 | $4,310,000 | $307,857 | $4,298 | 4.57% |
| Nogales, AZ (FHA|USDA|VA) | 23 | $3,945,000 | $171,522 | $3,794 | 4.78% |
| TUCSON, AZ (FHA|USDA|VA) | 14 | $2,780,000 | $198,571 | $4,079 | 4.81% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 12 | $2,120,000 | $176,667 | $7,140 | 3.47% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 2 | $1,630,000 | $815,000 | $0 | 5.48% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 4 | $1,240,000 | $310,000 | $5,911 | 3.69% |
| Outside of Metro Areas | 10 | $1,130,000 | $113,000 | $3,843 | 4.57% |
| YUMA, AZ (FHA|USDA|VA) | 3 | $1,115,000 | $371,667 | $1,708 | 3.73% |
| Heber, UT (FHA|USDA|VA) | 2 | $1,100,000 | $550,000 | $5,833 | 5.31% |
| GRANTS PASS, OR (FHA|USDA|VA) | 4 | $1,090,000 | $272,500 | $3,681 | 4.81% |
| Susanville, CA (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $0 | 5.45% |
| Carlsbad-Artesia, NM (FHA|USDA|VA) | 5 | $645,000 | $129,000 | $3,943 | 5.55% |
| Shelton, WA (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $5,418 | 4.88% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $3,582 | 5.50% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $3,571 | 5.63% |
| Ellensburg, WA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $2,909 | 4.25% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 4 | $370,000 | $92,500 | $4,591 | 5.81% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $16,066 | 4.63% |
| BEND, OR (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $8,094 | 5.44% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $11,723 | 4.99% |
| SANTA FE, NM (FHA|USDA|VA) | 3 | $345,000 | $115,000 | $4,362 | 3.83% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 3 | $335,000 | $111,667 | $3,587 | 5.25% |
| Newport, OR (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $4,376 | 4.75% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $10,768 | 5.19% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $4,739 | 5.75% |
| OCALA, FL (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $4,445 | 5.75% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $11,290 | 4.13% |
| SALEM, OR (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,633 | 4.38% |
| Ruidoso, NM (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,910 | 4.99% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,640 | 5.75% |
| LEBANON, PA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,211 | 4.63% |
| Aberdeen, WA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $7,946 | 4.63% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,341 | 4.00% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $7,898 | 4.63% |
| YAKIMA, WA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,086 | 4.88% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,679 | 4.63% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,886 | 4.75% |
| Clovis, NM (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,810 | 4.25% |
| Stillwater, OK (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,305 | 5.13% |
| Wilson, NC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,645 | 5.00% |
| AKRON, OH (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,258 | 4.50% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,251 | 4.75% |
| Payson, AZ (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,856 | 5.63% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $4,561 | 6.13% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $6,372 | 4.99% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $5,287 | 5.88% |
| MONTGOMERY, AL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,393 | 5.63% |
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.
Similarity Rank: 60
Similarity Rank: 72
Similarity Rank: 72
Similarity Rank: 91
Similarity Rank: 234
Similarity Rank: 264
Similarity Rank: 270
Similarity Rank: 308
Similarity Rank: 346
Similarity Rank: 414
Product Mix
For 2019, Bank 34's most frequently originated type of loan was Conventional, with 389 originations. Their 2nd most popular type was FHA, with 175 originations.
Loan Reason
For 2019, Bank 34's most frequently cited loan purpose was Home Purchase, with 526 originations. The 2nd most popular reason was Refi, with 52 originations.
Loan Duration/Length
For 2019, Bank 34's most frequently cited loan duration was 30 Year, with 551 originations. The 2nd most popular length was 5 Year, with 36 originations.
Origination Fees/Closing Costs
Bank 34's average total fees were $5,624, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 280 originations.
Interest Rates
During 2019, Bank 34's average interest rate for loans was 4.66%, while their most frequently originated rate bucket for loans was 4-5%, with 345 originations.
Loan Sizing
2019 saw Bank 34 place emphasis on $200k-400k loans with 228 originations, totaling $64,880,000 in origination value.
Applicant Income
Bank 34 lent most frequently to those with incomes in the $50k-75k range, with 188 originations. The second most popular income band? $50k or less, with 140 originations.
Applicant Debt to Income Ratio
Bank 34 lent most frequently to those with DTI ratios of 20-30%, with 85 originations. The next most common DTI ratio? <20%, with 80 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.88%
Bank 34 has an average approval rate.
Pick Rate
Approvals leading to origination87.54%
Bank 34 has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 634 | $150,080,000 | $236,719 |
Occupancy Type Mix
LTV Distribution
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 | $25,288 |
| BANK 34 | 14850 N. Scottsdale Rd., Ste 100 Scottsdale, AZ 85254 | Full Service B&M | $135,511 |
| BANK 34 | 220 N. Telshor Blvd. Las Cruces, NM 88011 | Full Service B&M | $46,082 |
| BANK 34 | 500 10th Street Alamogordo, NM 88310 | Full Service B&M | $77,128 |
For 2019, Bank 34 had 4 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $18,971 |
| Net interest income | $14,057 |
| Total noninterest income | $1,155 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $167 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $988 |
| Pre-tax net operating income | $2,715 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $2,052 |
| Discontinued Operations (Extraordinary gains, net) | $-1,256 |
| Net income of bank and minority interests | $796 |
| Minority interest net income | $0 |
| Net income | $796 |
| Sale, conversion, retirement of capital stock, net | $391 |
| Net operating income | $2,052 |
Bank 34's gross interest income from loans was $18,971,000.
Bank 34's net interest income from loans was $14,057,000.
Bank 34's fee based income from loans was $167,000.
Bank 34's net income from loans was $796,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $4,914 |
| Provision for credit losses | $23 |
| Total noninterest expense | $12,474 |
| Salaries and employee benefits | $6,276 |
| Premises and equipment expense | $1,462 |
| Additional noninterest expense | $4,736 |
| Applicable income taxes | $663 |
| Net charge-offs | $2 |
| Cash dividends | $0 |
Bank 34's interest expense for loans was $4,914,000.
Bank 34's payroll and benefits expense were $6,276,000.
Bank 34's property, plant and equipment expenses $1,462,000.
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 | 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 | $306,114 |
| Deposits held in domestic offices | $306,114 |
| Deposits by Individuals, partnerships, and corporations | $294,336 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $10,545 |
| Deposits by Commercial banks and other depository institutions in U.S. | $1,233 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $87,604 |
| Demand deposits | $85,105 |
| Nontransaction accounts | $218,510 |
| Money market deposit accounts (MMDAs) | $129,530 |
| Other savings deposits (excluding MMDAs) | $7,592 |
| Total time deposits | $81,388 |
| Total time and savings deposits | $221,009 |
| Noninterest-bearing deposits | $56,107 |
| Interest-bearing deposits | $250,007 |
| Retail deposits | $274,485 |
| IRAs and Keogh plan accounts | $8,046 |
| Brokered deposits | $20,000 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $393,228 |
| Cash & Balances due from depository institutions | $4,497 |
| Interest-bearing balances | $2,376 |
| Total securities | $44,517 |
| Federal funds sold & reverse repurchase | $24,990 |
| Net loans and leases | $291,739 |
| Loan and leases loss allowance | $2,922 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $8,991 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $222 |
| All other assets | $18,272 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $393,228 |
| Total Liabilities | $352,294 |
| Total deposits | $306,114 |
| Interest-bearing deposits | $250,007 |
| Deposits held in domestic offices | $306,114 |
| % insured (estimated) | $75 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $41,673 |
| Subordinated debt | $0 |
| All other liabilities | $4,507 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $291,739 |
| Loan and leases loss allowance | $2,922 |
| Total loans and leases (domestic) | $294,661 |
| All real estate loans | $278,846 |
| Real estate loans in domestic offices | $278,846 |
| Construction and development loans | $19,034 |
| Residential 1-4 family construction | $2,109 |
| Other construction, all land development and other land | $16,925 |
| Loans secured by nonfarm nonresidential properties | $169,752 |
| Nonfarm nonresidential secured by owner-occupied properties | $39,783 |
| Commercial real estate & other non-farm, non-residential | $129,969 |
| Multifamily residential real estate | $43,517 |
| 1-4 family residential loans | $46,543 |
| Farmland loans | $0 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $16,453 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $170 |
| Credit card loans | $0 |
| Related Plans | $9 |
| Consumer Auto Loans | $62 |
| Other loans to individuals | $99 |
| All other loans & leases | $0 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $0 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $14,986 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $71 |
| Non 1-4 family restructured loans & leases | $0 |
| Total loans and leases (foreign) | $0 |
Bank 34 had $291,739,000 of loans outstanding in 2019. $278,846,000 of loans were in real estate loans. $19,034,000 of loans were in development loans. $43,517,000 of loans were in multifamily mortgage loans. $46,543,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $62,000 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 | 151 | $51,683 | $342,272 |
| Nonfarm, nonresidential loans - <$100k | 18 | $892 | $49,556 |
| Nonfarm, nonresidential loans - $100-250k | 35 | $4,167 | $119,057 |
| Nonfarm, nonresidential loans - $250k-1MM | 98 | $46,624 | $475,755 |
| Commercial & Industrial, US addressed loans - <$1MM | 91 | $13,390 | $147,143 |
| Commercial & Industrial, US addressed loans - <$100k | 30 | $1,009 | $33,633 |
| Commercial & Industrial, US addressed loans - $100-250k | 21 | $2,670 | $127,143 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 40 | $9,711 | $242,775 |