Anb Bank Mortgage Rates, Fees & Info

Denver, CO

LEI: 549300UHQ3UXVA4AGM53

Tax ID: 84-0532189

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

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Mortgage Data

Bank 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)
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    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