Bell Bank Mortgage Rates, Fees & Info

Fargo, ND

LEI: 549300WYBPIWKK6SQC06

Tax ID: 45-0283315

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

2021 Data | 2020 Data | 2019 Data | 2018 Data


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 include Minneapolis, Phoenix, Fargo, Milwaukee, and Rochester among others. Bell Bank has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Bell Bank is typically an average fee lendor.


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 rate mortgage of loans were 3.06%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.09%.

Relative Fees

Bell Bank's average total fees for a 30 year fixed rate mortgage are $4,243.

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

Top Markets

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.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 20,971 $6,420,185,000 $306,146 $3,714 3.07%
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 the 2021 period, Bell Bank's most frequently originated loan type of loans were Conventional, with 20,971 originations. Their 2nd most popular type is VA, with 800 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average 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 the 2021, Bell Bank's most frequently cited loan purpose of loans were Home Purchase, with 10,916 originations. The 2nd most popular reason of loans were 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 the 2021, Bell Bank's most frequently cited loan length of loans were 30 Year, with 16,063 originations. The 2nd most popular length of loans were 15 Year, with 2,849 originations.

Origination Fees

Origination Fee 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 1,910 $680,020,000 $356,031
$5k+ 663 $379,555,000 $572,481

$4,243 of loans were Bell Bank's average total fees, while their most frequently occuring range of origination fees 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 of loans were 3.06%, while their most frequently originated rate bucket of loans were 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 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
97.47%

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
87.61%

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 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 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 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