Bell Bank Mortgage Rates, Fees & Info

Fargo, ND

LEI: 549300WYBPIWKK6SQC06

Tax ID: 45-0283315

5 stars - out of 5 stars, based on 150 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Bank Data

    Review & Overview

    Bell Bank is a mid-sized bank specializing in Home Purchase and Refi loans. Bell Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Minneapolis, Phoenix, Fargo, Milwaukee, and Rochester among others. We have data for 209 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Bell Bank 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. Bell Bank 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.


    SimulatedRates™

    Mortgage Type
    Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.02% 9/29/22
    30 Year Conventional Purchase 6.28% 9/29/22
    30 Year Conventional Refi 6.21% 9/29/22
    30 Year Cash-out Refi 6.38% 9/29/22
    30 Year FHA Purchase 7.10% 9/29/22
    30 Year FHA Refi 6.81% 9/29/22
    30 Year VA Purchase 5.95% 9/29/22
    30 Year VA Refi 5.75% 9/29/22
    30 Year USDA Purchase 6.23% 9/29/22
    30 Year USDA Refi 6.24% 9/29/22
    15 Year Conventional Purchase 5.62% 9/29/22
    15 Year Conventional Refi 5.67% 9/29/22
    15 Year Cash-out Refi 5.67% 9/29/22
    15 Year VA Purchase 5.84% 9/29/22
    15 Year VA Refi 5.54% 9/29/22
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.


    Originations

    22,633

    Origination Dollar Volume (All Markets)

    $6,883,575,000

    Employee count

    1,750 Show all (30) awards

    Relative Rate

    Bell Bank's average 30 year fixed mortgage rate was 3.06%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.09%.

    Relative Fees (Closing Costs)

    Bell Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $4,243.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    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
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 12,366 $3,816,600,000 $308,637 $4,258 3.02%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2,723 $926,395,000 $340,211 $4,006 3.16%
    FARGO, ND-MN (FHA|USDA|VA) 1,434 $368,020,000 $256,639 $2,547 3.14%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 781 $191,535,000 $245,243 $2,484 2.95%
    Outside of Metro Areas 680 $152,500,000 $224,265 $3,205 3.05%
    ROCHESTER, MN (FHA|USDA|VA) 485 $141,225,000 $291,186 $4,458 2.96%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 386 $113,700,000 $294,560 $3,261 2.98%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 191 $97,755,000 $511,806 $5,476 3.12%
    ALBUQUERQUE, NM (FHA|USDA|VA) 211 $63,515,000 $301,019 $4,059 3.03%
    DULUTH, MN-WI (FHA|USDA|VA) 216 $59,030,000 $273,287 $2,937 3.18%
    Fergus Falls, MN (FHA|USDA|VA) 326 $57,900,000 $177,607 $2,592 3.24%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 200 $51,560,000 $257,800 $3,242 2.98%
    BILLINGS, MT (FHA|USDA|VA) 1 $49,235,000 $49,235,000 $0 3.50%
    Alexandria, MN (FHA|USDA|VA) 219 $48,095,000 $219,612 $2,956 3.20%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 62 $46,140,000 $744,194 $4,284 3.05%
    Clovis, NM (FHA|USDA|VA) 229 $44,025,000 $192,249 $4,900 3.01%
    NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 123 $40,845,000 $332,073 $4,096 2.98%
    Brainerd, MN (FHA|USDA|VA) 118 $40,600,000 $344,068 $4,662 2.97%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $39,855,000 $39,855,000 $0 3.50%
    SANTA FE, NM (FHA|USDA|VA) 88 $37,170,000 $422,386 $3,794 3.00%
    ST. CLOUD, MN (FHA|USDA|VA) 161 $36,805,000 $228,602 $3,676 3.03%
    Red Wing, MN (FHA|USDA|VA) 141 $34,045,000 $241,454 $4,204 2.94%
    Faribault-Northfield, MN (FHA|USDA|VA) 110 $30,240,000 $274,909 $3,797 2.95%
    Wahpeton, ND-MN (FHA|USDA|VA) 160 $25,710,000 $160,688 $2,607 3.12%
    TUCSON, AZ (FHA|USDA|VA) 48 $19,190,000 $399,792 $3,788 3.07%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 50 $16,930,000 $338,600 $5,213 3.02%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 23 $16,465,000 $715,870 $6,564 3.05%
    SEBRING-AVON PARK, FL (FHA|USDA|VA) 85 $15,425,000 $181,471 $4,436 3.07%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 16 $13,550,000 $846,875 $9,137 3.05%
    Huron, SD (FHA|USDA|VA) 2 $10,080,000 $5,040,000 $0 3.67%
    COLUMBIA, MO (FHA|USDA|VA) 36 $9,940,000 $276,111 $2,652 2.97%
    RACINE, WI (FHA|USDA|VA) 35 $9,295,000 $265,571 $2,769 2.89%
    Show Low, AZ (FHA|USDA|VA) 29 $8,365,000 $288,448 $3,877 3.08%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 27 $8,225,000 $304,630 $4,455 3.15%
    MADISON, WI (FHA|USDA|VA) 29 $8,035,000 $277,069 $2,937 3.03%
    Austin, MN (FHA|USDA|VA) 59 $7,855,000 $133,136 $3,305 2.70%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 16 $7,810,000 $488,125 $5,109 2.99%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 10 $7,700,000 $770,000 $6,696 3.10%
    Hutchinson, MN (FHA|USDA|VA) 29 $6,855,000 $236,379 $4,283 2.96%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 21 $6,805,000 $324,048 $3,974 3.09%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 19 $6,745,000 $355,000 $4,493 2.96%
    FOND DU LAC, WI (FHA|USDA|VA) 29 $6,375,000 $219,828 $2,711 3.05%
    Payson, AZ (FHA|USDA|VA) 14 $6,120,000 $437,143 $5,401 3.13%
    FLAGSTAFF, AZ (FHA|USDA|VA) 16 $5,950,000 $371,875 $4,138 3.31%
    MANKATO, MN (FHA|USDA|VA) 21 $5,655,000 $269,286 $4,214 2.97%
    GRAND FORKS, ND-MN (FHA|USDA|VA) 12 $5,410,000 $450,833 $3,116 3.25%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 19 $5,135,000 $270,263 $5,680 2.89%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 15 $4,715,000 $314,333 $5,421 3.26%
    SHEBOYGAN, WI (FHA|USDA|VA) 19 $4,615,000 $242,895 $2,497 3.15%
    Grand Rapids, MN (FHA|USDA|VA) 15 $4,335,000 $289,000 $3,272 2.86%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 4 $4,270,000 $1,067,500 $18,827 3.22%
    Beaver Dam, WI (FHA|USDA|VA) 21 $4,225,000 $201,190 $2,659 2.99%
    JACKSONVILLE, FL (FHA|USDA|VA) 8 $3,780,000 $472,500 $6,377 3.03%
    BISMARCK, ND (FHA|USDA|VA) 12 $3,600,000 $300,000 $3,992 3.07%
    Whitewater, WI (FHA|USDA|VA) 14 $3,440,000 $245,714 $2,649 3.00%
    Bemidji, MN (FHA|USDA|VA) 13 $3,365,000 $258,846 $3,288 3.01%
    Watertown-Fort Atkinson, WI (FHA|USDA|VA) 13 $3,365,000 $258,846 $2,778 3.01%
    WICHITA, KS (FHA|USDA|VA) 6 $3,360,000 $560,000 $4,750 3.08%
    Owatonna, MN (FHA|USDA|VA) 17 $3,295,000 $193,824 $3,542 3.04%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 12 $3,250,000 $270,833 $5,630 3.11%
    Portales, NM (FHA|USDA|VA) 17 $3,185,000 $187,353 $4,599 2.91%
    Willmar, MN (FHA|USDA|VA) 12 $3,110,000 $259,167 $4,200 3.01%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 10 $2,800,000 $280,000 $4,795 2.92%
    PUNTA GORDA, FL (FHA|USDA|VA) 7 $2,705,000 $386,429 $4,607 3.07%
    EspaƱola, NM (FHA|USDA|VA) 9 $2,655,000 $295,000 $4,893 3.40%
    Edwards, CO (FHA|USDA|VA) 3 $2,575,000 $858,333 $14,806 3.33%
    EAU CLAIRE, WI (FHA|USDA|VA) 11 $2,395,000 $217,727 $4,009 2.93%
    SIOUX FALLS, SD (FHA|USDA|VA) 6 $2,350,000 $391,667 $2,298 3.04%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 10 $2,190,000 $219,000 $4,426 2.95%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 7 $2,165,000 $309,286 $4,396 2.91%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 2 $2,110,000 $1,055,000 $9,765 2.75%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 12 $2,060,000 $171,667 $4,611 3.11%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 7 $2,055,000 $293,571 $4,508 2.91%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 7 $2,015,000 $287,857 $6,542 2.84%
    LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 7 $1,955,000 $279,286 $3,283 2.91%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 4 $1,940,000 $485,000 $11,298 2.99%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 2 $1,860,000 $930,000 $4,615 3.06%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 5 $1,815,000 $363,000 $3,560 3.20%
    THE VILLAGES, FL (FHA|USDA|VA) 6 $1,750,000 $291,667 $3,496 3.14%
    Winona, MN (FHA|USDA|VA) 9 $1,655,000 $183,889 $2,550 3.04%
    Menomonie, WI (FHA|USDA|VA) 9 $1,595,000 $177,222 $4,187 2.85%
    JEFFERSON CITY, MO (FHA|USDA|VA) 7 $1,415,000 $202,143 $3,905 3.16%
    Los Alamos, NM (FHA|USDA|VA) 4 $1,390,000 $347,500 $3,703 2.81%
    Taos, NM (FHA|USDA|VA) 4 $1,300,000 $325,000 $4,857 2.89%
    BOULDER, CO (FHA|USDA|VA) 2 $1,270,000 $635,000 $5,179 3.19%
    Albert Lea, MN (FHA|USDA|VA) 9 $1,225,000 $136,111 $3,645 2.66%
    Durango, CO (FHA|USDA|VA) 3 $1,225,000 $408,333 $3,874 2.83%
    Bozeman, MT (FHA|USDA|VA) 2 $1,220,000 $610,000 $4,685 3.31%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 6 $1,210,000 $201,667 $6,682 3.22%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 6 $1,170,000 $195,000 $3,320 2.80%
    APPLETON, WI (FHA|USDA|VA) 4 $1,110,000 $277,500 $2,281 3.38%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $1,105,000 $1,105,000 $6,237 3.13%
    Tullahoma-Manchester, TN (FHA|USDA|VA) 3 $1,025,000 $341,667 $3,866 3.25%
    Heber, UT (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $0 2.90%
    Watertown, SD (FHA|USDA|VA) 3 $915,000 $305,000 $0 3.87%
    FRESNO, CA (FHA|USDA|VA) 2 $900,000 $450,000 $4,284 2.75%
    Stevens Point, WI (FHA|USDA|VA) 4 $890,000 $222,500 $2,905 2.97%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 4 $840,000 $210,000 $2,868 3.09%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 2 $810,000 $405,000 $3,774 3.06%
    Shelbyville, TN (FHA|USDA|VA) 5 $795,000 $159,000 $2,631 3.02%
    Fairmont, MN (FHA|USDA|VA) 3 $795,000 $265,000 $3,814 2.79%
    AMES, IA (FHA|USDA|VA) 2 $790,000 $395,000 $6,739 2.87%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 2 $780,000 $390,000 $3,546 3.22%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $765,000 $765,000 $2,748 2.36%
    GREEN BAY, WI (FHA|USDA|VA) 2 $760,000 $380,000 $2,347 3.19%
    YUMA, AZ (FHA|USDA|VA) 4 $750,000 $187,500 $2,566 2.80%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 3 $745,000 $248,333 $4,127 2.88%
    JANESVILLE-BELOIT, WI (FHA|USDA|VA) 2 $740,000 $370,000 $8,060 3.13%
    RALEIGH-CARY, NC (FHA|USDA|VA) 2 $730,000 $365,000 $3,841 3.06%
    Lawrenceburg, TN (FHA|USDA|VA) 3 $725,000 $241,667 $3,046 3.24%
    Wauchula, FL (FHA|USDA|VA) 4 $700,000 $175,000 $3,120 3.28%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 2 $690,000 $345,000 $4,320 3.00%
    OCALA, FL (FHA|USDA|VA) 3 $685,000 $228,333 $3,418 3.08%
    Spirit Lake, IA (FHA|USDA|VA) 2 $660,000 $330,000 $3,388 3.06%
    Kill Devil Hills, NC (FHA|USDA|VA) 1 $645,000 $645,000 $9,178 3.38%
    WAUSAU-WESTON, WI (FHA|USDA|VA) 3 $625,000 $208,333 $2,574 3.03%
    Fort Leonard Wood, MO (FHA|USDA|VA) 4 $620,000 $155,000 $3,307 3.31%
    Kalispell, MT (FHA|USDA|VA) 1 $605,000 $605,000 $1,868 2.88%
    SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 4 $600,000 $150,000 $2,847 3.53%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 3 $595,000 $198,333 $3,587 2.66%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 2 $580,000 $290,000 $11,903 3.13%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 2 $580,000 $290,000 $3,842 3.06%
    KNOXVILLE, TN (FHA|USDA|VA) 3 $575,000 $191,667 $3,171 3.33%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 2 $550,000 $275,000 $6,438 3.12%
    Manitowoc, WI (FHA|USDA|VA) 4 $550,000 $137,500 $2,303 2.80%
    PEORIA, IL (FHA|USDA|VA) 1 $545,000 $545,000 $4,747 2.88%
    Morehead City, NC (FHA|USDA|VA) 1 $545,000 $545,000 $3,148 2.88%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $545,000 $545,000 $5,893 3.00%
    Breckenridge, CO (FHA|USDA|VA) 1 $525,000 $525,000 $4,007 3.38%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 2 $520,000 $260,000 $5,536 2.88%
    TOPEKA, KS (FHA|USDA|VA) 2 $490,000 $245,000 $2,365 3.19%
    RAPID CITY, SD (FHA|USDA|VA) 2 $480,000 $240,000 $3,473 3.06%
    JOPLIN, MO (FHA|USDA|VA) 3 $475,000 $158,333 $2,905 2.66%
    PANAMA CITY, FL (FHA|USDA|VA) 2 $470,000 $235,000 $5,493 3.12%
    Poplar Bluff, MO (FHA|USDA|VA) 1 $465,000 $465,000 $20,509 3.25%
    LANSING-EAST LANSING, MI (FHA|USDA|VA) 1 $455,000 $455,000 $17,716 2.63%
    Marshall, MN (FHA|USDA|VA) 3 $445,000 $148,333 $3,153 3.42%
    BOISE CITY, ID (FHA|USDA|VA) 1 $445,000 $445,000 $3,360 3.25%
    Clearlake, CA (FHA|USDA|VA) 1 $445,000 $445,000 $8,537 2.88%
    Marinette, WI-MI (FHA|USDA|VA) 2 $440,000 $220,000 $2,350 3.00%
    Minot, ND (FHA|USDA|VA) 2 $430,000 $215,000 $2,050 3.31%
    Winfield, KS (FHA|USDA|VA) 2 $430,000 $215,000 $4,098 2.62%
    OSHKOSH-NEENAH, WI (FHA|USDA|VA) 2 $430,000 $215,000 $2,432 3.19%
    Farmington, MO (FHA|USDA|VA) 2 $430,000 $215,000 $2,443 2.44%
    CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 2 $420,000 $210,000 $2,597 2.62%
    Las Vegas, NM (FHA|USDA|VA) 2 $400,000 $200,000 $4,952 3.00%
    Ruidoso, NM (FHA|USDA|VA) 1 $395,000 $395,000 $3,550 3.00%
    Spearfish, SD (FHA|USDA|VA) 1 $385,000 $385,000 $2,786 2.99%
    Outside of Metro Areas 1 $385,000 $385,000 $2,448 2.63%
    Branson, MO (FHA|USDA|VA) 2 $380,000 $190,000 $2,497 2.88%
    New Ulm, MN (FHA|USDA|VA) 3 $375,000 $125,000 $2,909 2.33%
    Dayton, TN (FHA|USDA|VA) 1 $375,000 $375,000 $6,730 2.99%
    PROVO-OREM, UT (FHA|USDA|VA) 1 $355,000 $355,000 $272 3.50%
    Greeneville, TN (FHA|USDA|VA) 1 $355,000 $355,000 $7,725 2.63%
    SAVANNAH, GA (FHA|USDA|VA) 1 $345,000 $345,000 $25 3.00%
    WARNER ROBINS, GA (FHA|USDA|VA) 1 $345,000 $345,000 $14,583 2.88%
    Lebanon, MO (FHA|USDA|VA) 2 $340,000 $170,000 $6,023 3.19%
    Worthington, MN (FHA|USDA|VA) 2 $330,000 $165,000 $3,118 3.38%
    ROCKFORD, IL (FHA|USDA|VA) 2 $310,000 $155,000 $3,230 3.31%
    LAS CRUCES, NM (FHA|USDA|VA) 2 $310,000 $155,000 $2,561 2.50%
    FORT COLLINS, CO (FHA|USDA|VA) 1 $305,000 $305,000 $3,075 2.95%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $295,000 $295,000 $4,482 3.63%
    Houghton, MI (FHA|USDA|VA) 2 $280,000 $140,000 $3,047 2.69%
    FARMINGTON, NM (FHA|USDA|VA) 1 $275,000 $275,000 $2,368 3.13%
    LAWRENCE, KS (FHA|USDA|VA) 2 $270,000 $135,000 $1,820 2.69%
    BURLINGTON, NC (FHA|USDA|VA) 1 $255,000 $255,000 $7,407 2.63%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $255,000 $255,000 $6,291 2.88%
    Spencer, IA (FHA|USDA|VA) 1 $255,000 $255,000 $5,166 2.99%
    Vermillion, SD (FHA|USDA|VA) 1 $255,000 $255,000 $3,320 2.88%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 2 $250,000 $125,000 $3,107 2.87%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $245,000 $245,000 $2,959 3.38%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $225,000 $225,000 $0 3.25%
    BAKERSFIELD, CA (FHA|USDA|VA) 1 $225,000 $225,000 $0 4.63%
    LINCOLN, NE (FHA|USDA|VA) 1 $205,000 $205,000 $2,293 2.88%
    MOBILE, AL (FHA|USDA|VA) 1 $205,000 $205,000 $0 2.95%
    Ottawa, KS (FHA|USDA|VA) 1 $205,000 $205,000 $2,660 4.13%
    SPRINGFIELD, MO (FHA|USDA|VA) 1 $205,000 $205,000 $3,139 2.63%
    MISSOULA, MT (FHA|USDA|VA) 1 $195,000 $195,000 $3,730 2.88%
    Platteville, WI (FHA|USDA|VA) 1 $185,000 $185,000 $2,562 3.75%
    HANFORD-CORCORAN, CA (FHA|USDA|VA) 1 $185,000 $185,000 $4,208 2.25%
    Roswell, NM (FHA|USDA|VA) 1 $185,000 $185,000 $3,306 2.88%
    SPRINGFIELD, IL (FHA|USDA|VA) 1 $175,000 $175,000 $2,284 2.88%
    Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 1 $165,000 $165,000 $1,180 2.38%
    Great Bend, KS (FHA|USDA|VA) 1 $155,000 $155,000 $2,455 2.95%
    Jamestown, ND (FHA|USDA|VA) 1 $155,000 $155,000 $2,119 2.88%
    HUNTSVILLE, AL (FHA|USDA|VA) 1 $155,000 $155,000 $0 3.50%
    AUBURN-OPELIKA, AL (FHA|USDA|VA) 1 $145,000 $145,000 $2,966 2.88%
    JACKSON, TN (FHA|USDA|VA) 1 $145,000 $145,000 $2,429 2.25%
    Warrensburg, MO (FHA|USDA|VA) 1 $135,000 $135,000 $0 2.88%
    Hutchinson, KS (FHA|USDA|VA) 1 $135,000 $135,000 $2,057 2.63%
    Lewisburg, TN (FHA|USDA|VA) 1 $135,000 $135,000 $0 3.45%
    Aberdeen, SD (FHA|USDA|VA) 1 $125,000 $125,000 $3,440 2.88%
    FAYETTEVILLE, NC (FHA|USDA|VA) 1 $125,000 $125,000 $2,525 4.00%
    Shawano, WI (FHA|USDA|VA) 1 $115,000 $115,000 $2,034 2.38%
    Pittsburg, KS (FHA|USDA|VA) 1 $115,000 $115,000 $4,630 3.00%
    Beatrice, NE (FHA|USDA|VA) 1 $105,000 $105,000 $2,643 3.25%
    CEDAR RAPIDS, IA (FHA|USDA|VA) 1 $105,000 $105,000 $5,834 2.88%
    CARBONDALE-MARION, IL (FHA|USDA|VA) 1 $105,000 $105,000 $2,221 3.00%
    Escanaba, MI (FHA|USDA|VA) 1 $95,000 $95,000 $2,757 3.38%
    Norfolk, NE (FHA|USDA|VA) 1 $95,000 $95,000 $2,494 2.75%
    BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $95,000 $95,000 $0 3.38%
    Jasper, AL (FHA|USDA|VA) 1 $95,000 $95,000 $0 3.45%
    Emporia, KS (FHA|USDA|VA) 1 $95,000 $95,000 $2,057 3.00%
    KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 1 $85,000 $85,000 $0 3.45%
    GAINESVILLE, FL (FHA|USDA|VA) 1 $85,000 $85,000 $2,672 2.88%
    Mason City, IA (FHA|USDA|VA) 1 $65,000 $65,000 $3,799 2.88%
    Iron Mountain, MI-WI (FHA|USDA|VA) 1 $55,000 $55,000 $2,540 2.63%
    MONTGOMERY, AL (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.99%
    Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $55,000 $55,000 $2,586 3.25%

    Bell Bank's top markets include Minneapolis, Phoenix, Fargo, Milwaukee, and Rochester among others.

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 19,524 $6,199,080,000 $317,511 $3,714 3.01%
    HELOC 1,447 $221,105,000 $152,802 n/a 3.84%
    VA 800 $249,540,000 $311,925 $6,027 2.70%
    FHA 761 $192,465,000 $252,911 $8,309 2.99%
    USDA 101 $21,385,000 $211,733 $5,270 2.63%

    For 2021, Bell Bank's most frequently originated type of loan was Conventional, with 19,524 originations. Their 2nd most popular type was HELOC, with 1,447 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 10,916 $3,861,400,000 $353,738 $4,774 3.05%
    Refi 6,780 $1,891,760,000 $279,021 $3,113 2.87%
    Cash Out Refi 3,326 $890,980,000 $267,883 $3,534 3.05%
    Home Improvement 870 $91,590,000 $105,276 $860 3.84%
    Other 741 $147,845,000 $199,521 $1,671 3.71%

    For 2021, Bell Bank's most frequently cited loan purpose was Home Purchase, with 10,916 originations. The 2nd most popular reason was Refi, with 6,780 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 16,063 $5,065,365,000 $315,344 $4,243 3.06%
    15 Year 2,849 $691,265,000 $242,634 $2,871 2.52%
    10 Year 1,835 $433,285,000 $236,123 $1,695 3.67%
    20 Year 1,164 $260,490,000 $223,789 $2,854 3.09%
    Other 335 $147,735,000 $441,000 $2,225 3.26%
    30+ year 230 $145,130,000 $631,000 $9,003 3.20%
    5 Year 136 $134,890,000 $991,838 $952 3.50%
    1 Year 17 $4,405,000 $259,118 $398 3.69%
    3 Year 4 $1,010,000 $252,500 $0 3.87%

    For 2021, Bell Bank's most frequently cited loan duration was 30 Year, with 16,063 originations. The 2nd most popular length was 15 Year, with 2,849 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 12,477 $3,641,285,000 $291,840
    $<1k 2,742 $638,660,000 $232,918
    $2k-3k 2,391 $751,965,000 $314,498
    $3k-4k 1,288 $431,360,000 $334,907
    $5k+ 663 $379,555,000 $572,481
    $4k-5k 622 $248,660,000 $399,775

    Bell Bank's average total fees were $4,243, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 12,477 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 10,891 $3,524,705,000 $323,635
    3-4% 8,554 $2,623,530,000 $306,702
    <2.5% 2,668 $655,400,000 $245,652
    4-5% 507 $79,485,000 $156,775
    5-6% 12 $60,000 $5,000

    During 2021, Bell Bank's average interest rate for loans was 3.06%, while their most frequently originated rate bucket for loans was 2.5-3%, with 10,891 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 11,348 $3,227,930,000 $284,449 $4,034 2.99%
    $100k-200k 5,419 $843,575,000 $155,670 $2,882 3.01%
    $400k-600k 2,989 $1,427,285,000 $477,513 $5,116 3.01%
    $100,000 or less 1,823 $105,675,000 $57,968 $1,541 3.57%
    $600k-1MM 774 $578,430,000 $747,326 $6,096 3.07%
    $1MM+ 280 $700,680,000 $2,502,429 $8,971 3.06%

    2021 saw Bell Bank place emphasis on $200k-400k loans with 11,348 originations, totaling $3,227,930,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 5,101 $1,495,555,000 $293,189 $4,061 3.05%
    $50k-75k 4,834 $1,053,720,000 $217,981 $3,738 3.01%
    $75k-100k 4,009 $1,004,805,000 $250,637 $3,907 3.03%
    $150k-250k 3,794 $1,366,000,000 $360,042 $4,230 3.08%
    $50k or less 2,146 $342,130,000 $159,427 $3,237 3.03%
    $250k+ 1,929 $1,052,555,000 $545,648 $5,157 3.10%

    Bell Bank lent most frequently to those with incomes in the $100k-150k range, with 5,101 originations. The second most popular income band? $50k-75k, with 4,834 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 5,845 $1,691,225,000 $289,346 $3,703 3.01%
    30-36% 4,364 $1,269,590,000 $290,923 $3,988 3.06%
    <20% 2,258 $652,460,000 $288,955 $3,429 2.96%
    44% 875 $245,585,000 $280,669 $4,287 3.10%
    40% 832 $250,590,000 $301,190 $4,263 3.10%
    42% 830 $237,040,000 $285,590 $4,189 3.11%
    41% 821 $248,555,000 $302,747 $4,115 3.09%
    38% 777 $229,985,000 $295,991 $4,067 3.07%
    37% 767 $225,285,000 $293,722 $3,903 3.05%
    43% 762 $210,130,000 $275,761 $4,105 3.09%
    36% 745 $223,635,000 $300,181 $4,068 3.03%
    39% 733 $213,525,000 $291,303 $3,976 3.10%
    45% 537 $150,765,000 $280,754 $4,211 3.06%
    46% 443 $114,455,000 $258,363 $4,017 3.11%
    47% 436 $113,430,000 $260,161 $3,945 3.14%
    49% 428 $115,300,000 $269,393 $4,431 3.02%
    48% 384 $112,170,000 $292,109 $4,338 3.04%
    50-60% 292 $84,900,000 $290,753 $7,333 2.86%
    >60% 5 $1,455,000 $291,000 $6,792 2.73%

    Bell Bank lent most frequently to those with DTI ratios of 20-30%, with 5,845 originations. The next most common DTI ratio? 30-36%, with 4,364 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 18,382 $5,239,100,000 $285,013 $3,890 3.04%
    Not provided 2,360 $739,390,000 $313,301 $4,041 3.03%
    Not applicable 304 $443,880,000 $1,460,132 $1,727 3.64%
    Asian 791 $235,755,000 $298,047 $4,440 3.00%
    Black 569 $159,075,000 $279,569 $5,067 3.10%
    American Indian 129 $33,645,000 $260,814 $3,935 3.09%
    Asian Indian 29 $12,505,000 $431,207 $5,014 3.07%
    Other Asian 29 $8,245,000 $284,310 $4,754 3.21%
    Native Hawaiian or Islander 18 $5,820,000 $323,333 $4,117 3.16%
    Filipino 5 $1,605,000 $321,000 $6,419 2.57%
    Other Pacific Islander 4 $1,330,000 $332,500 $5,135 2.97%
    Chinese 5 $1,315,000 $263,000 $3,067 2.77%
    Vietnamese 2 $760,000 $380,000 $3,140 2.75%
    Korean 2 $400,000 $200,000 $3,309 2.25%
    Japanese 2 $380,000 $190,000 $3,830 3.56%
    2 $370,000 $185,000 $3,333 3.23%

    Approval Rates

    Total approvals of all applications
    97.04%

    Bell Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    87.85%

    Bell Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 22,633 $6,883,575,000 $304,139

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    22,633 $6,883,575,000 $304,139

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1,479 $273,025,000 $184,601 $2,382 3.20%
    40-60% 3,238 $899,860,000 $277,906 $3,042 2.84%
    60-80% 8,317 $2,906,705,000 $349,490 $3,740 3.03%
    80-100% 8,286 $2,673,820,000 $322,691 $4,681 3.03%
    Over 100% 170 $55,910,000 $328,882 $11,223 2.76%
    Under 20% 1,133 $72,505,000 $63,994 $805 3.81%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Bell Bank 1001 Broadway Street Alexandria, MN 56308 Full Service B&M $237,969
    Bell Bank 3100 13th Avenue, South Fargo, ND 58103 Full Service B&M $2,820,078
    Bell Bank 320 32nd Ave W, Suite 100 West Fargo, ND 58078 Full Service B&M $476,666
    Bell Bank 40 South 7th Street, Ste. 265 Minneapolis, MN 55402 Full Service B&M $231
    Bell Bank 5050 13th Avenue, S.W. Fargo, ND 58103 Full Service B&M $89,686
    Bell Bank 5500 Wayzata Boulevard Golden Valley, MN 55416 Full Service B&M $2,165,497
    Bell Bank 563 Bielenberg Drive Woodbury, MN 55125 Full Service B&M $90,562
    Bell Bank 5680 23rd Avenue South, Suite 101 Fargo, ND 58104 Full Service B&M $43,891
    Bell Bank 717 2nd Avenue North Wahpeton, ND 58075 Full Service B&M $191,668
    Bell Bank 7661 West Riverside Drive, Suite 105 Boise, ID 83714 Limited, Trust Office $0
    Bell Bank 8349 W Bell Road Peoria, AZ 85382 Full Service B&M $30,503
    Bell Bank 920 Lake Avenue Detroit Lakes, MN 56501 Full Service B&M $145,165
    Bell Bank 13999 60th Street North Stillwater, MN 55082 Full Service B&M $33,312
    Bell Bank 15 Broadway Fargo, ND 58102 Full Service B&M $198,568
    Bell Bank 15 North Broadway Pelican Rapids, MN 56572 Full Service B&M $71,296
    Bell Bank 15490 101st Avenue North Suite 150 Maple Grove, MN 55369 Full Service B&M $184,795
    Bell Bank 1850 East Northrop Boulevard Chandler, AZ 85286 Full Service B&M $128,539
    Bell Bank 19810 Headwaters Boulevard North Forest Lake, MN 55025 Full Service B&M $84,068
    Bell Bank 201 East Superior Street Duluth, MN 55802 Full Service B&M $73,544
    Bell Bank 205 West Washington Avenue Fergus Falls, MN 56537 Full Service B&M $153,095
    Bell Bank 214 5th Street North Breckenridge, MN 56520 Full Service B&M $14,334
    Bell Bank 2501 South University Drive Fargo, ND 58103 Full Service B&M $208,113
    Bell Bank 2704 North Broadway Fargo, ND 58102 Full Service B&M $697,524
    Bell Bank 2710 E Camelback Rd, Suite 100 Phoenix, AZ 85016 Full Service B&M $179,878
    Bell Bank 2870 52nd Avenue South Fargo, ND 58104 Full Service B&M $112,757
    Bell Bank 101 Center Avenue East Dilworth, MN 56529 Full Service B&M $40,056
    Bell Bank 1018 Hobart Street Hawley, MN 56549 Full Service B&M $83,837
    Bell Bank 1333 8th Street South Moorhead, MN 56560 Full Service B&M $388,314

    For 2021, Bell Bank had 28 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $319,072
    Net interest income $297,298
    Total noninterest income $535,842
    Gross Fiduciary activities income $22,045
    Service charges on deposit accounts $5,015
    Trading account gains and fees $0
    Additional Noninterest Income $508,782
    Pre-tax net operating income $413,114
    Securities gains (or losses, -) $-25
    Income before extraordinary items $297,854
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $297,854
    Minority interest net income $0
    Net income $297,854
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $297,873

    Bell Bank's gross interest income from loans was $319,072,000.
    Bell Bank's net interest income from loans was $297,298,000.
    Bell Bank's fee based income from loans was $5,015,000.
    Bell Bank's net income from loans was $297,854,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $21,774
    Provision for credit losses $0
    Total noninterest expense $420,026
    Salaries and employee benefits $258,181
    Premises and equipment expense $29,105
    Additional noninterest expense $132,740
    Applicable income taxes $115,235
    Net charge-offs $8,401
    Cash dividends $200,000

    Bell Bank's interest expense for loans was $21,774,000.
    Bell Bank's payroll and benefits expense were $258,181,000.
    Bell Bank's property, plant and equipment expenses $29,105,000.

    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 $8,588,558
    Deposits held in domestic offices $8,588,558
    Deposits by Individuals, partnerships, and corporations $8,441,973
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $146,514
    Deposits by Commercial banks and other depository institutions in U.S. $71
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $5,402,909
    Demand deposits $3,288,555
    Nontransaction accounts $3,185,649
    Money market deposit accounts (MMDAs) $2,445,125
    Other savings deposits (excluding MMDAs) $263,485
    Total time deposits $477,039
    Total time and savings deposits $5,300,003
    Noninterest-bearing deposits $2,405,422
    Interest-bearing deposits $6,183,136
    Retail deposits $8,462,242
    IRAs and Keogh plan accounts $126,802
    Brokered deposits $62,287
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $9,729,918
    Cash & Balances due from depository institutions $361,835
    Interest-bearing balances $277,263
    Total securities $540,299
    Federal funds sold & reverse repurchase $0
    Net loans and leases $8,400,701
    Loan and leases loss allowance $133,144
    Trading account assets $0
    Bank premises and fixed assets $161,037
    Other real estate owned $0
    Goodwill and other intangibles $106,348
    All other assets $159,698

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $9,729,918
    Total Liabilities $8,730,210
    Total deposits $8,588,558
    Interest-bearing deposits $6,183,136
    Deposits held in domestic offices $8,588,558
    % insured (estimated) $82
    Federal funds purchased and repurchase agreements $36,189
    Trading liabilities $0
    Other borrowed funds $33
    Subordinated debt $0
    All other liabilities $105,430

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $8,400,701
    Loan and leases loss allowance $133,144
    Total loans and leases (domestic) $8,533,845
    All real estate loans $6,201,954
    Real estate loans in domestic offices $6,201,954
    Construction and development loans $368,270
    Residential 1-4 family construction $82,870
    Other construction, all land development and other land $285,400
    Loans secured by nonfarm nonresidential properties $2,378,099
    Nonfarm nonresidential secured by owner-occupied properties $641,643
    Commercial real estate & other non-farm, non-residential $1,736,456
    Multifamily residential real estate $806,413
    1-4 family residential loans $2,401,064
    Farmland loans $248,108
    Loans held in foreign offices $0
    Farm loans $99,692
    Commercial and industrial loans $1,551,823
    To non-U.S. addressees $0
    Loans to individuals $184,265
    Credit card loans $0
    Related Plans $45,559
    Consumer Auto Loans $80,032
    Other loans to individuals $58,674
    All other loans & leases $498,009
    Loans to foreign governments and official institutions $0
    Other loans $250,900
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $96
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Bell Bank had $8,400,701,000 of loans outstanding in 2021. $6,201,954,000 of loans were in real estate loans. $368,270,000 of loans were in development loans. $806,413,000 of loans were in multifamily mortgage loans. $2,401,064,000 of loans were in 1-4 family mortgage loans. $99,692,000 of loans were in farm loans. $0 of loans were in credit card loans. $80,032,000 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 740 $228,556 $308,859
    Nonfarm, nonresidential loans - <$100k 98 $6,287 $64,153
    Nonfarm, nonresidential loans - $100-250k 221 $30,191 $136,611
    Nonfarm, nonresidential loans - $250k-1MM 421 $192,078 $456,242
    Commercial & Industrial, US addressed loans - <$1MM 2,481 $227,968 $91,886
    Commercial & Industrial, US addressed loans - <$100k 1,586 $41,294 $26,037
    Commercial & Industrial, US addressed loans - $100-250k 495 $54,162 $109,418
    Commercial & Industrial, US addressed loans - $250k-1MM 400 $132,512 $331,280
    Farmland loans - <$1MM 402 $65,637 $163,276
    Farmland loans - <$100k 84 $3,675 $43,750
    Farmland loans - $100-250k 192 $26,042 $135,635
    Farmland loans - $250k-1MM 126 $35,920 $285,079
    Agriculture operations loans - <$1MM 476 $36,999 $77,729
    Agriculture operations loans - <$100k 291 $9,433 $32,416
    Agriculture operations loans - $100-250k 120 $12,359 $102,992
    Agriculture operations loans - $250k-1MM 65 $15,207 $233,954