Anb Bank Mortgage Rates, Fees & Info

Denver, CO

LEI: 549300UHQ3UXVA4AGM53

Tax ID: 84-0532189

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

Review & 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 by origination volume include: Glenwood Springs, Denver, Fort Collins, Kansas City, and Colorado Springs among others. We have data for 23 markets. (Some data included below & more in-depth data is available with an active subscription.)

Anb Bank 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.

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Originations

437

Origination Dollar Volume (All Markets)

$187,005,000

Employee count

516

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
Glenwood Springs, CO (FHA\|USDA\|VA)	35	$53,345,000	$1,524,143	$0	0.00%
DENVER-AURORA-LAKEWOOD, CO (FHA\|USDA\|VA)	66	$39,930,000	$605,000	$0	0.00%
FORT COLLINS, CO (FHA\|USDA\|VA)	33	$33,445,000	$1,013,485	$0	0.00%
KANSAS CITY, MO-KS (FHA\|USDA\|VA)	37	$10,475,000	$283,108	$0	0.00%
COLORADO SPRINGS, CO (FHA\|USDA\|VA)	41	$6,625,000	$161,585	$0	0.00%
Edwards, CO (FHA\|USDA\|VA)	15	$6,485,000	$432,333	$0	0.00%
GRAND JUNCTION, CO (FHA\|USDA\|VA)	50	$6,460,000	$129,200	$0	0.00%
Outside of Metro Areas	38	$6,060,000	$159,474	$0	0.00%
Laramie, WY (FHA\|USDA\|VA)	32	$4,940,000	$154,375	$0	0.00%
CHEYENNE, WY (FHA\|USDA\|VA)	34	$4,700,000	$138,235	$0	0.00%
Breckenridge, CO (FHA\|USDA\|VA)	4	$4,180,000	$1,045,000	$0	0.00%
BOULDER, CO (FHA\|USDA\|VA)	9	$3,495,000	$388,333	$0	0.00%
Steamboat Springs, CO (FHA\|USDA\|VA)	2	$1,700,000	$850,000	$0	0.00%
CASPER, WY (FHA\|USDA\|VA)	11	$1,375,000	$125,000	$0	0.00%
Gillette, WY (FHA\|USDA\|VA)	11	$1,325,000	$120,455	$0	0.00%
GREELEY, CO (FHA\|USDA\|VA)	10	$960,000	$96,000	$0	0.00%
LAKE HAVASU CITY-KINGMAN, AZ (FHA\|USDA\|VA)	1	$355,000	$355,000	$0	0.00%
Sheridan, WY (FHA\|USDA\|VA)	2	$320,000	$160,000	$0	0.00%
DES MOINES-WEST DES MOINES, IA (FHA\|USDA\|VA)	1	$315,000	$315,000	$0	0.00%
PHOENIX-MESA-CHANDLER, AZ (FHA\|USDA\|VA)	1	$225,000	$225,000	$0	0.00%
Montrose, CO (FHA\|USDA\|VA)	2	$200,000	$100,000	$0	0.00%
MEMPHIS, TN-MS-AR (FHA\|USDA\|VA)	1	$85,000	$85,000	$0	0.00%
Sunbury, PA (FHA\|USDA\|VA)	1	$5,000	$5,000	$0	0.00%

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

Their top states include:

Colorado (FHA|USDA|VA)

Wyoming (FHA|USDA|VA)

Missouri (FHA|USDA|VA)

Kansas (FHA|USDA|VA)

Arizona (FHA|USDA|VA)

Similar Lenders

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

WESTERN VISTA
Similarity Rank: 162

ARAPAHOE CREDIT UNION
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Pinnacle Bank - Wyoming
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The District Federal Credit Union
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DENVER COMMUNITY
Similarity Rank: 480

Jonah Bank of Wyoming
Similarity Rank: 816

INTELLILOAN, INC.
Similarity Rank: 1053

Red Rocks Credit Union
Similarity Rank: 1188

First American State Bank
Similarity Rank: 1539

DENVER FIRE DEPARTMENT FEDERAL CREDIT UNION
Similarity Rank: 2136

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	437	$187,005,000	$427,929	$0	0.00%

For 2019, Anb Bank's most frequently originated type of loan was Conventional, with 437 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	184	$108,250,000	$588,315	$0	0.00%
Refi	184	$54,330,000	$295,272	$0	0.00%
Other	38	$4,210,000	$110,789	$0	0.00%
Home Improvement	31	$20,215,000	$652,097	$0	0.00%

For 2019, Anb Bank's most frequently cited loan purpose was Home Purchase, with 184 originations. The 2nd most popular reason was Refi, with 184 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	437	$187,005,000	$427,929	$0	0.00%

For 2019, Anb Bank's most frequently cited loan duration was Other, with 437 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	177	$9,025,000	$50,989	$0	0.00%
$100k-200k	93	$13,365,000	$143,710	$0	0.00%
$200k-400k	83	$22,595,000	$272,229	$0	0.00%
$400k-600k	38	$18,530,000	$487,632	$0	0.00%
$1MM+	25	$106,615,000	$4,264,600	$0	0.00%
$600k-1MM	21	$16,875,000	$803,571	$0	0.00%

2019 saw Anb Bank place emphasis on $100,000 or less loans with 177 originations, totaling $9,025,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k or less	98	$8,920,000	$91,020	$0	0.00%
$50k-75k	74	$8,540,000	$115,405	$0	0.00%
$100k-150k	56	$15,020,000	$268,214	$0	0.00%
$150k-250k	46	$12,290,000	$267,174	$0	0.00%
$75k-100k	41	$7,595,000	$185,244	$0	0.00%
$250k+	29	$23,435,000	$808,103	$0	0.00%

Anb Bank lent most frequently to those with incomes in the $50k or less range, with 98 originations. The second most popular income band? $50k-75k, with 74 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	437	$187,005,000	$427,929	$0	0.00%

Anb Bank lent most frequently to those with DTI ratios of Exempt%, with 437 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
Not applicable	70	$104,960,000	$1,499,429	$0	0.00%
White	339	$76,025,000	$224,263	$0	0.00%
Asian	9	$3,005,000	$333,889	$0	0.00%
Not provided	14	$2,660,000	$190,000	$0	0.00%
Black	4	$340,000	$85,000	$0	0.00%
American Indian	1	$15,000	$15,000	$0	0.00%

Approval Rates

Total approvals of all applications
85.31%

Anb Bank has an average approval rate.

Pick Rate

Approvals leading to origination
71.62%

Anb Bank has a below average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	437	$187,005,000	$427,929

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	16	$76,950,000	$4,809,375
Single Family (1-4 Units):Manufactured	72	$5,650,000	$78,472
Single Family (1-4 Units):Site-Built	349	$104,405,000	$299,155

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
ANB Bank	101 East Colorado Avenue, Unit A Telluride, CO 81435	Full Service B&M	$31,625
ANB Bank	1130 North Circle Drive Colorado Springs, CO 80932	Full Service B&M	$70,523
ANB Bank	11830 West 135th Street Lenexa, KS 66221	Full Service B&M	$55,205
ANB Bank	131 North Sixth Street Grand Junction, CO 81501	Full Service B&M	$79,974
ANB Bank	1360 Walnut Street Boulder, CO 80302	Full Service B&M	$38,985
ANB Bank	15 West Cimarron Street Colorado Springs, CO 80903	Full Service B&M	$161,507
ANB Bank	15301 W 87th Street Parkway Lenexa, KS 66219	Full Service B&M	$116,294
ANB Bank	2015 Central Avenue Cheyenne, WY 82001	Full Service B&M	$254,233
ANB Bank	2108 Milestone Drive Fort Collins, CO 80525	Full Service B&M	$29,534
ANB Bank	2399 F Road Grand Junction, CO 81505	Full Service B&M	$34,732
ANB Bank	2608 North 12th Street Grand Junction, CO 81501	Full Service B&M	$62,627
ANB Bank	2624 S Grand Ave Glenwood Springs, CO 81601	Full Service B&M	$53,620
ANB Bank	3033 East First Avenue Denver, CO 80206	Full Service B&M	$407,161
ANB Bank	325 East Main Street Aspen, CO 81611	Full Service B&M	$75,825
ANB Bank	3355 E Pershing Blvd Cheyenne, WY 82001	Full Service Retail	$6,158
ANB Bank	3755 Briargate Boulevard Colorado Springs, CO 80920	Full Service B&M	$46,928
ANB Bank	3851 Sol Danza Drive Castle Rock, CO 80109	Full Service B&M	$19,468
ANB Bank	3908 Grand Avenue Laramie, WY 82070	Full Service B&M	$136,534
ANB Bank	409 Delores Way Carbondale, CO 81623	Full Service B&M	$33,785
ANB Bank	429 Railroad Avenue Rifle, CO 81650	Full Service B&M	$44,406
ANB Bank	444 17th Street Denver, CO 80202	Full Service B&M	$102,313
ANB Bank	4470 Forrest Hill Road Colorado Springs, CO 80907	Full Service B&M	$30,904
ANB Bank	4799 N Academy Blvd Colorado Springs, CO 80918	Full Service B&M	$42,494
ANB Bank	485 East 2nd Street Casper, WY 82601	Full Service B&M	$46,172
ANB Bank	50 Chambers Avenue Eagle, CO 81631	Full Service B&M	$27,686
ANB Bank	569-A 32 Road Clifton, CO 81520	Full Service Retail	$40,480
ANB Bank	700 Big Horn Avenue Worland, WY 82401	Full Service B&M	$45,815
ANB Bank	71 Beaver Creek Place Avon, CO 81620	Full Service B&M	$23,955
ANB Bank	800 East 7th Street Gillette, WY 82716	Full Service B&M	$15,316
ANB Bank	808 West Eisenhower Blvd Loveland, CO 80537	Full Service B&M	$2,098
ANB Bank	99 South Main Street Buffalo, WY 82834	Full Service B&M	$39,430

For 2019, Anb Bank had 31 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$98,285
Net interest income	$91,236
Total noninterest income	$14,042
Gross Fiduciary activities income	$3,873
Service charges on deposit accounts	$2,334
Trading account gains and fees	$0
Additional Noninterest Income	$7,835
Pre-tax net operating income	$38,697
Securities gains (or losses, -)	$367
Income before extraordinary items	$39,022
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$39,022
Minority interest net income	$0
Net income	$39,022
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$38,655

Anb Bank's gross interest income from loans was $98,285,000.
Anb Bank's net interest income from loans was $91,236,000.
Anb Bank's fee based income from loans was $2,334,000.
Anb Bank's net income from loans was $39,022,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$7,049
Provision for credit losses	$-1,442
Total noninterest expense	$68,023
Salaries and employee benefits	$40,088
Premises and equipment expense	$10,091
Additional noninterest expense	$17,844
Applicable income taxes	$42
Net charge-offs	$-626
Cash dividends	$44,300

Anb Bank's interest expense for loans was $7,049,000.
Anb Bank's payroll and benefits expense were $40,088,000.
Anb Bank's property, plant and equipment expenses $10,091,000.

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	$2,254,963
Deposits held in domestic offices	$2,254,963
Deposits by Individuals, partnerships, and corporations	$2,120,623
Deposits by U.S. Government	$2,747
Deposits by States and political subdivisions in the U.S.	$129,903
Deposits by Commercial banks and other depository institutions in U.S.	$1,690
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$276,641
Demand deposits	$185,217
Nontransaction accounts	$1,978,322
Money market deposit accounts (MMDAs)	$652,595
Other savings deposits (excluding MMDAs)	$1,199,413
Total time deposits	$126,314
Total time and savings deposits	$2,069,746
Noninterest-bearing deposits	$829,791
Interest-bearing deposits	$1,425,172
Retail deposits	$2,219,204
IRAs and Keogh plan accounts	$22,268
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$2,646,243
Cash & Balances due from depository institutions	$39,503
Interest-bearing balances	$6,206
Total securities	$835,810
Federal funds sold & reverse repurchase	$0
Net loans and leases	$1,581,721
Loan and leases loss allowance	$15,332
Trading account assets	$0
Bank premises and fixed assets	$165,807
Other real estate owned	$65
Goodwill and other intangibles	$0
All other assets	$23,337

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$2,646,243
Total Liabilities	$2,433,783
Total deposits	$2,254,963
Interest-bearing deposits	$1,425,172
Deposits held in domestic offices	$2,254,963
% insured (estimated)	$61
Federal funds purchased and repurchase agreements	$139,493
Trading liabilities	$0
Other borrowed funds	$26,631
Subordinated debt	$0
All other liabilities	$12,696

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$1,581,721
Loan and leases loss allowance	$15,332
Total loans and leases (domestic)	$1,597,053
All real estate loans	$1,243,516
Real estate loans in domestic offices	$1,243,516
Construction and development loans	$122,140
Residential 1-4 family construction	$49,371
Other construction, all land development and other land	$72,769
Loans secured by nonfarm nonresidential properties	$509,501
Nonfarm nonresidential secured by owner-occupied properties	$296,318
Commercial real estate & other non-farm, non-residential	$213,183
Multifamily residential real estate	$60,546
1-4 family residential loans	$471,129
Farmland loans	$80,200
Loans held in foreign offices	$0
Farm loans	$19,600
Commercial and industrial loans	$167,390
To non-U.S. addressees	$0
Loans to individuals	$7,726
Credit card loans	$0
Related Plans	$987
Consumer Auto Loans	$1,685
Other loans to individuals	$5,054
All other loans & leases	$158,821
Loans to foreign governments and official institutions	$0
Other loans	$2,317
Loans to depository institutions and acceptances of other banks	$0
Loans not secured by real estate	$9,938
Loans secured by real estate to non-U.S. addressees	$2,261
Restructured Loans & leases	$86
Non 1-4 family restructured loans & leases	$58
Total loans and leases (foreign)	$0

ANB Bank had $1,581,721,000 of loans outstanding in 2019. $1,243,516,000 of loans were in real estate loans. $122,140,000 of loans were in development loans. $60,546,000 of loans were in multifamily mortgage loans. $471,129,000 of loans were in 1-4 family mortgage loans. $19,600,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,685,000 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	384	$110,464	$287,667
Nonfarm, nonresidential loans - <$100k	45	$1,844	$40,978
Nonfarm, nonresidential loans - $100-250k	117	$15,289	$130,675
Nonfarm, nonresidential loans - $250k-1MM	222	$93,331	$420,410
Commercial & Industrial, US addressed loans - <$1MM	1,796	$42,204	$23,499
Commercial & Industrial, US addressed loans - <$100k	1,590	$6,611	$4,158
Commercial & Industrial, US addressed loans - $100-250k	101	$8,707	$86,208
Commercial & Industrial, US addressed loans - $250k-1MM	105	$26,886	$256,057
Farmland loans - <$1MM	34	$6,582	$193,588
Farmland loans - <$100k	7	$365	$52,143
Farmland loans - $100-250k	12	$1,602	$133,500
Farmland loans - $250k-1MM	15	$4,615	$307,667
Agriculture operations loans - <$1MM	63	$4,684	$74,349
Agriculture operations loans - <$100k	36	$864	$24,000
Agriculture operations loans - $100-250k	21	$1,971	$93,857
Agriculture operations loans - $250k-1MM	6	$1,849	$308,167