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, Colorado Springs, Boulder, and Fort Collins among others. We have data for 24 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.

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

489

Origination Dollar Volume (All Markets)

$215,785,000

Employee count

495

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)	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.

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: 63

Pinnacle Bank - Wyoming
Similarity Rank: 288

The District Federal Credit Union
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Wyoming Bank & Trust
Similarity Rank: 893

U S WIDE FINANCIAL LLC
Similarity Rank: 1344

Jonah Bank of Wyoming
Similarity Rank: 1458

DENVER COMMUNITY
Similarity Rank: 1540

Red Rocks Credit Union
Similarity Rank: 1830

Shea Mortgage Inc.
Similarity Rank: 2432

WESTERRA CREDIT UNION
Similarity Rank: 2528

Product Mix

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

For 2021, Anb Bank's most frequently originated type of loan was Conventional, with 489 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. 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 2021, Anb Bank's most frequently cited loan purpose was Home Purchase, with 259 originations. The 2nd most popular reason was 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 2021, Anb Bank's most frequently cited loan duration was 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
86.94%

Anb Bank has an average approval rate.

Pick Rate

Approvals leading to origination
75.26%

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	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	131 North Sixth Street Grand Junction, CO 81501	Full Service B&M	$122,586
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
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	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

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