Anb Bank Mortgage Rates, Fees & Info

Denver, CO

LEI: 549300UHQ3UXVA4AGM53

Tax ID: 84-0532189

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Anb Bank is a smaller bank specializing in Home Purchase and Refi loans. Anb Bank has a high proportion of conventional loans. Their top markets include Glenwood Springs, Denver, Colorado Springs, Boulder, and Fort Collins among others. Anb Bank has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors.


Originations

489

Origination Dollar Volume (All Markets)

$215,785,000

Employee count

495

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Glenwood Springs, CO (FHA|USDA|VA) 48 $48,270,000 $1,005,625 $0 0.00%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 50 $39,390,000 $787,800 $0 0.00%
COLORADO SPRINGS, CO (FHA|USDA|VA) 29 $18,515,000 $638,448 $0 0.00%
BOULDER, CO (FHA|USDA|VA) 15 $17,885,000 $1,192,333 $0 0.00%
FORT COLLINS, CO (FHA|USDA|VA) 29 $16,755,000 $577,759 $0 0.00%
Edwards, CO (FHA|USDA|VA) 14 $13,690,000 $977,857 $0 0.00%
KANSAS CITY, MO-KS (FHA|USDA|VA) 38 $12,720,000 $334,737 $0 0.00%
Outside of Metro Areas 58 $11,630,000 $200,517 $0 0.00%
CHEYENNE, WY (FHA|USDA|VA) 65 $9,475,000 $145,769 $0 0.00%
GREELEY, CO (FHA|USDA|VA) 29 $9,125,000 $314,655 $0 0.00%
Laramie, WY (FHA|USDA|VA) 33 $6,365,000 $192,879 $0 0.00%
GRAND JUNCTION, CO (FHA|USDA|VA) 37 $4,625,000 $125,000 $0 0.00%
CASPER, WY (FHA|USDA|VA) 20 $3,120,000 $156,000 $0 0.00%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 3 $825,000 $275,000 $0 0.00%
Montrose, CO (FHA|USDA|VA) 3 $685,000 $228,333 $0 0.00%
Gillette, WY (FHA|USDA|VA) 6 $430,000 $71,667 $0 0.00%
Durango, CO (FHA|USDA|VA) 2 $400,000 $200,000 $0 0.00%
Sheridan, WY (FHA|USDA|VA) 4 $400,000 $100,000 $0 0.00%
Cañon City, CO (FHA|USDA|VA) 1 $395,000 $395,000 $0 0.00%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $335,000 $335,000 $0 0.00%
Steamboat Springs, CO (FHA|USDA|VA) 1 $275,000 $275,000 $0 0.00%
Breckenridge, CO (FHA|USDA|VA) 1 $255,000 $255,000 $0 0.00%
TOPEKA, KS (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
LAWRENCE, KS (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%

Anb Bank's top markets include Glenwood Springs, Denver, Colorado Springs, Boulder, and Fort Collins among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 489 $215,785,000 $441,278 $0 0.00%

For the 2021 period, Anb Bank's most frequently originated loan type of loans were Conventional, with 489 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 259 $146,265,000 $564,730 $0 0.00%
Refi 183 $62,345,000 $340,683 $0 0.00%
Other 26 $2,340,000 $90,000 $0 0.00%
Home Improvement 21 $4,835,000 $230,238 $0 0.00%

For the 2021, Anb Bank's most frequently cited loan purpose of loans were Home Purchase, with 259 originations. The 2nd most popular reason of loans were Refi, with 183 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
Other 489 $215,785,000 $441,278 $0 0.00%

For the 2021, Anb Bank's most frequently cited loan length of loans were Other, with 489 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100,000 or less 194 $9,630,000 $49,639 $0 0.00%
$200k-400k 119 $32,415,000 $272,395 $0 0.00%
$100k-200k 82 $11,930,000 $145,488 $0 0.00%
$1MM+ 47 $132,855,000 $2,826,702 $0 0.00%
$400k-600k 24 $11,950,000 $497,917 $0 0.00%
$600k-1MM 23 $17,005,000 $739,348 $0 0.00%

2021 saw Anb Bank place emphasis on $100,000 or less loans with 194 originations, totaling $9,630,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k or less 111 $8,075,000 $72,748 $0 0.00%
$50k-75k 98 $12,670,000 $129,286 $0 0.00%
$75k-100k 55 $11,405,000 $207,364 $0 0.00%
$100k-150k 39 $8,985,000 $230,385 $0 0.00%
$150k-250k 31 $10,045,000 $324,032 $0 0.00%
$250k+ 31 $20,295,000 $654,677 $0 0.00%

Anb Bank lent most frequently to those with incomes in the $50k or less range, with 111 originations. The second most popular income band? $50k-75k, with 98 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
Exempt% 489 $215,785,000 $441,278 $0 0.00%

Anb Bank lent most frequently to those with DTI ratios of Exempt%, with 489 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
Not applicable 111 $139,765,000 $1,259,144 $0 0.00%
White 339 $66,385,000 $195,826 $0 0.00%
Not provided 32 $8,120,000 $253,750 $0 0.00%
Asian 3 $1,145,000 $381,667 $0 0.00%
American Indian 4 $370,000 $92,500 $0 0.00%

Approval Rates

Total approvals of all applications
86.08%

Anb Bank has an average approval rate.

Pick Rate

Approvals leading to origination
76.94%

Anb Bank has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
Exempt 489 $215,785,000 $441,278

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
489 $215,785,000 $441,278

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Anb Bank 99 South Main Street Buffalo, WY 82834 Full Service B&M $49,211
Anb Bank 131 North Sixth Street Grand Junction, CO 81501 Full Service B&M $122,586
Anb Bank 3851 Sol Danza Drive Castle Rock, CO 80109 Full Service B&M $44,846
Anb Bank 3908 Grand Avenue Laramie, WY 82070 Full Service B&M $181,208
Anb Bank 409 Delores Way Carbondale, CO 81623 Full Service B&M $54,192
Anb Bank 429 Railroad Avenue Rifle, CO 81650 Full Service B&M $50,153
Anb Bank 101 East Colorado Avenue, Unit A Telluride, CO 81435 Full Service B&M $40,438
Anb Bank 1130 North Circle Drive Colorado Springs, CO 80932 Full Service B&M $81,725
Anb Bank 130 Robinson Street Basalt, CO 81621 Full Service B&M $14,206
Anb Bank 444 17th Street Denver, CO 80202 Full Service B&M $160,433
Anb Bank 4799 N Academy Blvd Colorado Springs, CO 80918 Full Service B&M $71,751
Anb Bank 485 East 2nd Street Casper, WY 82601 Full Service B&M $55,286
Anb Bank 50 Chambers Avenue Eagle, CO 81631 Full Service B&M $38,288
Anb Bank 569-A 32 Road Clifton, CO 81520 Full Service Retail $46,620
Anb Bank 700 Big Horn Avenue Worland, WY 82401 Full Service B&M $55,547
Anb Bank 71 Beaver Creek Place Avon, CO 81620 Full Service B&M $35,367
Anb Bank 800 East 7th Street Gillette, WY 82716 Full Service B&M $16,691
Anb Bank 808 West Eisenhower Blvd Loveland, CO 80537 Full Service B&M $25,061
Anb Bank 8088 East Union Avenue Denver, CO 80237 Full Service B&M $5,708
Anb Bank 1360 Walnut Street Boulder, CO 80302 Full Service B&M $73,171
Anb Bank 15 West Cimarron Street Colorado Springs, CO 80903 Full Service B&M $241,421
Anb Bank 15301 W 87th Street Parkway Lenexa, KS 66219 Full Service B&M $261,473
Anb Bank 2015 Central Avenue Cheyenne, WY 82001 Full Service B&M $286,047
Anb Bank 2108 Milestone Drive Fort Collins, CO 80525 Full Service B&M $58,809
Anb Bank 2399 F Road Grand Junction, CO 81505 Full Service B&M $52,764
Anb Bank 2608 North 12th Street Grand Junction, CO 81501 Full Service B&M $87,350
Anb Bank 2624 S Grand Ave Glenwood Springs, CO 81601 Full Service B&M $64,894
Anb Bank 3033 East First Avenue Denver, CO 80206 Full Service B&M $492,845
Anb Bank 325 East Main Street Aspen, CO 81611 Full Service B&M $111,806
Anb Bank 3355 E Pershing Blvd Cheyenne, WY 82001 Full Service Retail $7,741
Anb Bank 3755 Briargate Boulevard Colorado Springs, CO 80920 Full Service B&M $57,828

For 2021, Anb Bank had 31 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $99,445
Net interest income $97,306
Total noninterest income $16,641
Gross Fiduciary activities income $4,047
Service charges on deposit accounts $2,254
Trading account gains and fees $0
Additional Noninterest Income $10,340
Pre-tax net operating income $38,563
Securities gains (or losses, -) $2
Income before extraordinary items $38,492
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $38,492
Minority interest net income $0
Net income $38,492
Sale, conversion, retirement of capital stock, net $0
Net operating income $38,490

Anb Bank's gross interest income from loans was $99,445,000.
Anb Bank's net interest income from loans was $97,306,000.
Anb Bank's fee based income from loans was $2,254,000.
Anb Bank's net income from loans was $38,492,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $2,139
Provision for credit losses $757
Total noninterest expense $74,627
Salaries and employee benefits $41,862
Premises and equipment expense $10,330
Additional noninterest expense $22,435
Applicable income taxes $73
Net charge-offs $-118
Cash dividends $15,750

Anb Bank's interest expense for loans was $2,139,000.
Anb Bank's payroll and benefits expense were $41,862,000.
Anb Bank's property, plant and equipment expenses $10,330,000.

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 $3,156,412
Deposits held in domestic offices $3,156,412
Deposits by Individuals, partnerships, and corporations $3,009,739
Deposits by U.S. Government $3,045
Deposits by States and political subdivisions in the U.S. $143,126
Deposits by Commercial banks and other depository institutions in U.S. $502
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $398,099
Demand deposits $278,559
Nontransaction accounts $2,758,313
Money market deposit accounts (MMDAs) $866,698
Other savings deposits (excluding MMDAs) $1,767,638
Total time deposits $123,977
Total time and savings deposits $2,877,853
Noninterest-bearing deposits $1,285,655
Interest-bearing deposits $1,870,757
Retail deposits $3,114,948
IRAs and Keogh plan accounts $21,248
Brokered deposits $0
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $3,561,478
Cash & Balances due from depository institutions $149,430
Interest-bearing balances $123,915
Total securities $1,633,310
Federal funds sold & reverse repurchase $0
Net loans and leases $1,586,599
Loan and leases loss allowance $19,394
Trading account assets $0
Bank premises and fixed assets $160,172
Other real estate owned $3,764
Goodwill and other intangibles $0
All other assets $28,203

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $3,561,478
Total Liabilities $3,307,096
Total deposits $3,156,412
Interest-bearing deposits $1,870,757
Deposits held in domestic offices $3,156,412
% insured (estimated) $55
Federal funds purchased and repurchase agreements $135,747
Trading liabilities $0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $14,937

Issued Loan Types

Type Value (in 000's)
Net loans and leases $1,586,599
Loan and leases loss allowance $19,394
Total loans and leases (domestic) $1,605,993
All real estate loans $1,197,609
Real estate loans in domestic offices $1,197,609
Construction and development loans $133,101
Residential 1-4 family construction $43,017
Other construction, all land development and other land $90,084
Loans secured by nonfarm nonresidential properties $506,074
Nonfarm nonresidential secured by owner-occupied properties $273,418
Commercial real estate & other non-farm, non-residential $232,656
Multifamily residential real estate $67,336
1-4 family residential loans $431,313
Farmland loans $59,785
Loans held in foreign offices $0
Farm loans $5,394
Commercial and industrial loans $229,287
To non-U.S. addressees $0
Loans to individuals $9,862
Credit card loans $0
Related Plans $630
Consumer Auto Loans $1,368
Other loans to individuals $7,864
All other loans & leases $163,841
Loans to foreign governments and official institutions $0
Other loans $1,536
Loans to depository institutions and acceptances of other banks $0
Loans not secured by real estate $11,142
Loans secured by real estate to non-U.S. addressees $2,204
Restructured Loans & leases $20
Non 1-4 family restructured loans & leases $0
Total loans and leases (foreign) $0

ANB Bank had $1,586,599,000 of loans outstanding in 2021. $1,197,609,000 of loans were in real estate loans. $133,101,000 of loans were in development loans. $67,336,000 of loans were in multifamily mortgage loans. $431,313,000 of loans were in 1-4 family mortgage loans. $5,394,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,368,000 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 403 $120,609 $299,278
Nonfarm, nonresidential loans - <$100k 51 $1,625 $31,863
Nonfarm, nonresidential loans - $100-250k 113 $15,329 $135,655
Nonfarm, nonresidential loans - $250k-1MM 239 $103,655 $433,703
Commercial & Industrial, US addressed loans - <$1MM 2,964 $47,856 $16,146
Commercial & Industrial, US addressed loans - <$100k 2,772 $9,761 $3,521
Commercial & Industrial, US addressed loans - $100-250k 94 $8,811 $93,734
Commercial & Industrial, US addressed loans - $250k-1MM 98 $29,284 $298,816
Farmland loans - <$1MM 28 $4,984 $178,000
Farmland loans - <$100k 4 $155 $38,750
Farmland loans - $100-250k 13 $1,872 $144,000
Farmland loans - $250k-1MM 11 $2,957 $268,818
Agriculture operations loans - <$1MM 62 $2,787 $44,952
Agriculture operations loans - <$100k 41 $783 $19,098
Agriculture operations loans - $100-250k 18 $1,429 $79,389
Agriculture operations loans - $250k-1MM 3 $575 $191,667