Bell Bank Mortgage Rates, Fees & Info

Fargo, ND

LEI: 549300WYBPIWKK6SQC06

Tax ID: 45-0283315

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 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 165 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 a low 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)	6.27%	4/19/24
30 Year Conventional Purchase	6.63%	4/19/24
30 Year Conventional Refi	6.53%	4/19/24
30 Year Cash-out Refi	6.74%	4/19/24
30 Year FHA Purchase	7.39%	4/19/24
30 Year FHA Refi	7.44%	4/19/24
30 Year VA Purchase	6.26%	4/19/24
30 Year VA Refi	6.04%	4/19/24
30 Year USDA Purchase	6.65%	4/19/24
15 Year Conventional Purchase	6.07%	4/19/24
15 Year Conventional Refi	5.93%	4/19/24
15 Year Cash-out Refi	5.93%	4/19/24
15 Year VA Refi	5.73%	4/19/24
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.

Bell Bank Mortgage Calculator

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Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Bell Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.

Originations

23,023

Origination Dollar Volume (All Markets)

$6,339,795,000

Employee count

1,490

Awards

Bell Bank 30 Year Conventional Loans bronze

Bell Bank 30 Year Conventional Loans gold

Bell Bank 30 Year Conventional Loans silver

Show all (40) awards

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)	13,325	$3,883,675,000	$291,458	$4,105	3.20%
PHOENIX-MESA-CHANDLER, AZ (FHA\|USDA\|VA)	2,585	$762,075,000	$294,807	$3,576	3.35%
FARGO, ND-MN (FHA\|USDA\|VA)	1,640	$337,860,000	$206,012	$2,447	3.33%
MILWAUKEE-WAUKESHA, WI (FHA\|USDA\|VA)	844	$205,110,000	$243,021	$2,252	3.16%
Outside of Metro Areas	744	$163,680,000	$220,000	$2,888	3.31%
ROCHESTER, MN (FHA\|USDA\|VA)	425	$98,555,000	$231,894	$4,228	3.13%
DULUTH, MN-WI (FHA\|USDA\|VA)	244	$82,380,000	$337,623	$2,747	3.39%
ALBUQUERQUE, NM (FHA\|USDA\|VA)	246	$67,460,000	$274,228	$3,594	3.24%
Fergus Falls, MN (FHA\|USDA\|VA)	346	$66,590,000	$192,457	$2,558	3.40%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA\|USDA\|VA)	140	$56,600,000	$404,286	$4,863	3.25%
ST. LOUIS, MO-IL (FHA\|USDA\|VA)	218	$51,620,000	$236,789	$3,046	3.10%
Alexandria, MN (FHA\|USDA\|VA)	255	$51,525,000	$202,059	$2,862	3.25%
SANTA FE, NM (FHA\|USDA\|VA)	126	$45,660,000	$362,381	$3,534	3.28%
Brainerd, MN (FHA\|USDA\|VA)	142	$40,650,000	$286,268	$4,084	3.13%
Clovis, NM (FHA\|USDA\|VA)	165	$29,175,000	$176,818	$3,846	3.15%
ST. CLOUD, MN (FHA\|USDA\|VA)	137	$27,965,000	$204,124	$3,238	3.17%
Faribault-Northfield, MN (FHA\|USDA\|VA)	105	$26,885,000	$256,048	$4,096	3.15%
Red Wing, MN (FHA\|USDA\|VA)	113	$24,385,000	$215,796	$4,581	3.18%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA\|USDA\|VA)	78	$23,390,000	$299,872	$3,620	3.12%
Wahpeton, ND-MN (FHA\|USDA\|VA)	163	$22,995,000	$141,074	$2,682	3.40%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA\|USDA\|VA)	50	$14,600,000	$292,000	$4,859	2.99%
Chicago-Naperville-Elgin, IL-IN-WI (FHA\|USDA\|VA)	34	$10,520,000	$309,412	$4,486	3.08%
KANSAS CITY, MO-KS (FHA\|USDA\|VA)	38	$9,430,000	$248,158	$2,731	2.89%
CAPE CORAL-FORT MYERS, FL (FHA\|USDA\|VA)	28	$9,300,000	$332,143	$3,648	3.37%
RACINE, WI (FHA\|USDA\|VA)	45	$8,985,000	$199,667	$2,521	3.15%
BILLINGS, MT (FHA\|USDA\|VA)	2	$8,130,000	$4,065,000	$6,481	3.01%
TUCSON, AZ (FHA\|USDA\|VA)	29	$7,725,000	$266,379	$2,938	3.22%
SEBRING-AVON PARK, FL (FHA\|USDA\|VA)	43	$7,585,000	$176,395	$4,019	3.17%
Show Low, AZ (FHA\|USDA\|VA)	29	$6,925,000	$238,793	$2,975	3.32%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA\|USDA\|VA)	23	$6,725,000	$292,391	$3,443	3.08%
MANKATO, MN (FHA\|USDA\|VA)	23	$6,585,000	$286,304	$4,221	3.28%
SPRINGFIELD, MO (FHA\|USDA\|VA)	5	$6,295,000	$1,259,000	$3,988	3.14%
FLAGSTAFF, AZ (FHA\|USDA\|VA)	20	$6,190,000	$309,500	$3,116	3.20%
Grand Rapids, MN (FHA\|USDA\|VA)	23	$5,885,000	$255,870	$3,183	3.04%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA\|USDA\|VA)	13	$5,855,000	$450,385	$3,844	3.04%
MEMPHIS, TN-MS-AR (FHA\|USDA\|VA)	19	$5,625,000	$296,053	$4,376	2.89%
DENVER-AURORA-LAKEWOOD, CO (FHA\|USDA\|VA)	15	$4,885,000	$325,667	$4,690	3.25%
GRAND FORKS, ND-MN (FHA\|USDA\|VA)	18	$4,620,000	$256,667	$2,898	3.31%
Los Angeles-Long Beach-Anaheim, CA (FHA\|USDA\|VA)	7	$4,615,000	$659,286	$6,162	3.42%
Hutchinson, MN (FHA\|USDA\|VA)	21	$4,605,000	$219,286	$3,966	3.04%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA\|USDA\|VA)	7	$4,435,000	$633,571	$7,006	2.89%
MADISON, WI (FHA\|USDA\|VA)	19	$4,335,000	$228,158	$2,095	3.14%
Payson, AZ (FHA\|USDA\|VA)	16	$4,280,000	$267,500	$3,351	3.05%
FOND DU LAC, WI (FHA\|USDA\|VA)	22	$4,170,000	$189,545	$2,240	3.26%
Winona, MN (FHA\|USDA\|VA)	11	$4,135,000	$375,909	$4,350	3.14%
Whitewater, WI (FHA\|USDA\|VA)	18	$4,130,000	$229,444	$2,036	3.22%
EAU CLAIRE, WI (FHA\|USDA\|VA)	11	$3,805,000	$345,909	$3,944	2.98%
Austin, MN (FHA\|USDA\|VA)	28	$3,670,000	$131,071	$3,479	3.13%
Beaver Dam, WI (FHA\|USDA\|VA)	20	$3,670,000	$183,500	$2,497	3.16%
Menomonie, WI (FHA\|USDA\|VA)	8	$3,270,000	$408,750	$2,776	3.17%
NAPLES-MARCO ISLAND, FL (FHA\|USDA\|VA)	6	$3,270,000	$545,000	$6,976	3.18%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA\|USDA\|VA)	5	$3,115,000	$623,000	$4,099	3.10%
Owatonna, MN (FHA\|USDA\|VA)	18	$3,100,000	$172,222	$3,069	3.06%
COLUMBIA, MO (FHA\|USDA\|VA)	11	$2,935,000	$266,818	$2,079	2.75%
Taos, NM (FHA\|USDA\|VA)	7	$2,875,000	$410,714	$4,328	3.07%
Willmar, MN (FHA\|USDA\|VA)	11	$2,765,000	$251,364	$3,839	3.23%
Portales, NM (FHA\|USDA\|VA)	19	$2,565,000	$135,000	$3,527	3.36%
BISMARCK, ND (FHA\|USDA\|VA)	7	$2,505,000	$357,857	$2,913	3.28%
WICHITA, KS (FHA\|USDA\|VA)	11	$2,465,000	$224,091	$3,685	2.83%
JACKSONVILLE, FL (FHA\|USDA\|VA)	6	$2,230,000	$371,667	$6,560	3.06%
Breckenridge, CO (FHA\|USDA\|VA)	4	$2,010,000	$502,500	$3,617	3.19%
Watertown-Fort Atkinson, WI (FHA\|USDA\|VA)	8	$1,960,000	$245,000	$1,918	2.85%
GREEN BAY, WI (FHA\|USDA\|VA)	8	$1,940,000	$242,500	$2,814	3.06%
SHEBOYGAN, WI (FHA\|USDA\|VA)	10	$1,920,000	$192,000	$2,927	3.32%
North Port-Sarasota-Bradenton, FL (FHA\|USDA\|VA)	5	$1,825,000	$365,000	$5,721	3.35%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA\|USDA\|VA)	5	$1,705,000	$341,000	$4,367	3.45%
Bemidji, MN (FHA\|USDA\|VA)	7	$1,675,000	$239,286	$3,792	3.20%
PUNTA GORDA, FL (FHA\|USDA\|VA)	6	$1,660,000	$276,667	$3,637	3.15%
DES MOINES-WEST DES MOINES, IA (FHA\|USDA\|VA)	5	$1,325,000	$265,000	$3,535	2.97%
CORPUS CHRISTI, TX (FHA\|USDA\|VA)	1	$1,265,000	$1,265,000	$0	3.55%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA\|USDA\|VA)	6	$1,260,000	$210,000	$4,660	3.00%
San Francisco-Oakland-Berkeley, CA (FHA\|USDA\|VA)	2	$1,220,000	$610,000	$10,152	2.81%
SIERRA VISTA-DOUGLAS, AZ (FHA\|USDA\|VA)	7	$1,175,000	$167,857	$3,144	2.98%
Detroit-Warren-Dearborn, MI (FHA\|USDA\|VA)	5	$1,135,000	$227,000	$3,004	3.04%
THE VILLAGES, FL (FHA\|USDA\|VA)	5	$1,105,000	$221,000	$2,816	3.15%
LAKE HAVASU CITY-KINGMAN, AZ (FHA\|USDA\|VA)	5	$1,105,000	$221,000	$3,377	3.25%
Española, NM (FHA\|USDA\|VA)	5	$1,075,000	$215,000	$5,204	3.45%
Shelbyville, TN (FHA\|USDA\|VA)	4	$1,070,000	$267,500	$2,846	2.80%
Aberdeen, SD (FHA\|USDA\|VA)	4	$1,020,000	$255,000	$0	3.78%
Jamestown, ND (FHA\|USDA\|VA)	5	$1,015,000	$203,000	$2,417	3.24%
APPLETON, WI (FHA\|USDA\|VA)	4	$920,000	$230,000	$2,776	2.91%
LA CROSSE-ONALASKA, WI-MN (FHA\|USDA\|VA)	3	$885,000	$295,000	$3,121	2.92%
Lewisburg, TN (FHA\|USDA\|VA)	3	$875,000	$291,667	$6,859	2.96%
RALEIGH-CARY, NC (FHA\|USDA\|VA)	2	$820,000	$410,000	$2,899	2.75%
Tullahoma-Manchester, TN (FHA\|USDA\|VA)	3	$805,000	$268,333	$2,589	2.86%
Wauchula, FL (FHA\|USDA\|VA)	4	$800,000	$200,000	$5,419	2.78%
Los Alamos, NM (FHA\|USDA\|VA)	2	$730,000	$365,000	$3,708	3.94%
Albert Lea, MN (FHA\|USDA\|VA)	3	$705,000	$235,000	$3,886	2.92%
CLARKSVILLE, TN-KY (FHA\|USDA\|VA)	3	$705,000	$235,000	$4,982	3.08%
LAKELAND-WINTER HAVEN, FL (FHA\|USDA\|VA)	4	$660,000	$165,000	$5,813	2.99%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA\|USDA\|VA)	3	$625,000	$208,333	$2,581	2.92%
PANAMA CITY, FL (FHA\|USDA\|VA)	2	$610,000	$305,000	$3,333	3.19%
Key West, FL (FHA\|USDA\|VA)	1	$605,000	$605,000	$5,810	3.50%
WILMINGTON, NC (FHA\|USDA\|VA)	2	$590,000	$295,000	$4,533	3.25%
Sebastian-Vero Beach, FL (FHA\|USDA\|VA)	2	$550,000	$275,000	$4,095	2.38%
BOISE CITY, ID (FHA\|USDA\|VA)	2	$530,000	$265,000	$5,772	2.56%
Durango, CO (FHA\|USDA\|VA)	1	$515,000	$515,000	$9,635	2.45%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA\|USDA\|VA)	1	$515,000	$515,000	$2,875	3.13%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA\|USDA\|VA)	1	$515,000	$515,000	$4,317	3.25%
SALINAS, CA (FHA\|USDA\|VA)	1	$505,000	$505,000	$4,172	3.63%
Shawano, WI (FHA\|USDA\|VA)	3	$495,000	$165,000	$2,316	2.96%
RAPID CITY, SD (FHA\|USDA\|VA)	1	$475,000	$475,000	$2,636	2.45%
Manitowoc, WI (FHA\|USDA\|VA)	2	$470,000	$235,000	$2,570	2.88%
Traverse City, MI (FHA\|USDA\|VA)	1	$455,000	$455,000	$9,528	2.50%
WAUSAU-WESTON, WI (FHA\|USDA\|VA)	2	$450,000	$225,000	$3,367	3.13%
Clearlake, CA (FHA\|USDA\|VA)	1	$445,000	$445,000	$8,654	4.00%
GRAND JUNCTION, CO (FHA\|USDA\|VA)	1	$415,000	$415,000	$2,902	3.13%
New Ulm, MN (FHA\|USDA\|VA)	2	$400,000	$200,000	$2,483	3.12%
Bozeman, MT (FHA\|USDA\|VA)	1	$395,000	$395,000	$6,119	3.13%
AMES, IA (FHA\|USDA\|VA)	2	$390,000	$195,000	$2,565	2.75%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA\|USDA\|VA)	2	$390,000	$195,000	$5,955	3.06%
Alamogordo, NM (FHA\|USDA\|VA)	2	$380,000	$190,000	$3,086	2.88%
COLORADO SPRINGS, CO (FHA\|USDA\|VA)	1	$375,000	$375,000	$2,689	3.50%
LAS CRUCES, NM (FHA\|USDA\|VA)	2	$360,000	$180,000	$3,355	3.04%
SIOUX FALLS, SD (FHA\|USDA\|VA)	3	$355,000	$118,333	$1,854	3.93%
Pierre, SD (FHA\|USDA\|VA)	1	$355,000	$355,000	$9,521	2.25%
CHAMPAIGN-URBANA, IL (FHA\|USDA\|VA)	1	$315,000	$315,000	$1,643	3.13%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA\|USDA\|VA)	2	$310,000	$155,000	$2,091	2.38%
PUEBLO, CO (FHA\|USDA\|VA)	1	$305,000	$305,000	$9,141	3.38%
Gallup, NM (FHA\|USDA\|VA)	1	$305,000	$305,000	$2,816	3.38%
Minot, ND (FHA\|USDA\|VA)	2	$300,000	$150,000	$2,224	2.88%
OSHKOSH-NEENAH, WI (FHA\|USDA\|VA)	2	$300,000	$150,000	$1,863	3.38%
Ottawa, IL (FHA\|USDA\|VA)	2	$290,000	$145,000	$2,838	3.00%
Watertown, SD (FHA\|USDA\|VA)	1	$285,000	$285,000	$0	3.65%
LAWRENCE, KS (FHA\|USDA\|VA)	1	$285,000	$285,000	$2,999	2.88%
Fairmont, MN (FHA\|USDA\|VA)	1	$285,000	$285,000	$8,134	2.75%
Spirit Lake, IA (FHA\|USDA\|VA)	1	$285,000	$285,000	$2,675	3.25%
ANN ARBOR, MI (FHA\|USDA\|VA)	1	$285,000	$285,000	$8,947	2.75%
YUMA, AZ (FHA\|USDA\|VA)	2	$280,000	$140,000	$2,460	3.06%
OCALA, FL (FHA\|USDA\|VA)	1	$275,000	$275,000	$7,324	3.00%
IOWA CITY, IA (FHA\|USDA\|VA)	1	$275,000	$275,000	$3,427	3.13%
Okeechobee, FL (FHA\|USDA\|VA)	1	$265,000	$265,000	$8,681	3.13%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA\|USDA\|VA)	1	$265,000	$265,000	$3,375	3.13%
Roswell, NM (FHA\|USDA\|VA)	2	$260,000	$130,000	$4,660	3.06%
WATERLOO-CEDAR FALLS, IA (FHA\|USDA\|VA)	1	$255,000	$255,000	$0	4.30%
Fort Leonard Wood, MO (FHA\|USDA\|VA)	1	$255,000	$255,000	$5,708	2.88%
HOMOSASSA SPRINGS, FL (FHA\|USDA\|VA)	1	$245,000	$245,000	$7,812	3.50%
FARMINGTON, NM (FHA\|USDA\|VA)	1	$245,000	$245,000	$3,321	3.95%
CHARLESTON-NORTH CHARLESTON, SC (FHA\|USDA\|VA)	1	$235,000	$235,000	$2,425	3.50%
KALAMAZOO-PORTAGE, MI (FHA\|USDA\|VA)	1	$225,000	$225,000	$0	3.50%
WARNER ROBINS, GA (FHA\|USDA\|VA)	1	$225,000	$225,000	$5,039	2.63%
Sevierville, TN (FHA\|USDA\|VA)	1	$205,000	$205,000	$3,247	2.75%
Fort Payne, AL (FHA\|USDA\|VA)	1	$205,000	$205,000	$2,541	3.25%
JEFFERSON CITY, MO (FHA\|USDA\|VA)	1	$195,000	$195,000	$2,567	2.50%
Edwards, CO (FHA\|USDA\|VA)	1	$195,000	$195,000	$0	3.50%
CAPE GIRARDEAU, MO-IL (FHA\|USDA\|VA)	1	$185,000	$185,000	$2,356	3.00%
Montrose, CO (FHA\|USDA\|VA)	1	$175,000	$175,000	$3,669	2.50%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA\|USDA\|VA)	1	$175,000	$175,000	$3,045	3.13%
WINSTON-SALEM, NC (FHA\|USDA\|VA)	1	$165,000	$165,000	$1,807	3.38%
Brookings, SD (FHA\|USDA\|VA)	1	$165,000	$165,000	$3,907	3.00%
Baraboo, WI (FHA\|USDA\|VA)	1	$165,000	$165,000	$1,719	2.75%
SANTA CRUZ-WATSONVILLE, CA (FHA\|USDA\|VA)	1	$155,000	$155,000	$2,926	4.38%
KANKAKEE, IL (FHA\|USDA\|VA)	1	$145,000	$145,000	$3,727	3.50%
Marshall, MN (FHA\|USDA\|VA)	1	$145,000	$145,000	$2,592	2.75%
Stevens Point, WI (FHA\|USDA\|VA)	1	$135,000	$135,000	$1,840	3.38%
Marinette, WI-MI (FHA\|USDA\|VA)	1	$135,000	$135,000	$3,790	3.13%
PENSACOLA-FERRY PASS-BRENT, FL (FHA\|USDA\|VA)	1	$125,000	$125,000	$1,384	2.38%
Mason City, IA (FHA\|USDA\|VA)	1	$105,000	$105,000	$2,082	3.25%
JACKSONVILLE, NC (FHA\|USDA\|VA)	1	$95,000	$95,000	$0	2.63%
Las Vegas, NM (FHA\|USDA\|VA)	1	$95,000	$95,000	$2,975	3.00%
GAINESVILLE, FL (FHA\|USDA\|VA)	1	$95,000	$95,000	$3,316	2.45%
Kirksville, MO (FHA\|USDA\|VA)	1	$85,000	$85,000	$1,676	2.95%
TOPEKA, KS (FHA\|USDA\|VA)	1	$75,000	$75,000	$2,601	2.38%
MONTGOMERY, AL (FHA\|USDA\|VA)	1	$75,000	$75,000	$0	4.25%
Coffeyville, KS (FHA\|USDA\|VA)	1	$65,000	$65,000	$2,936	2.63%

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

Their top states include:

Minnesota (FHA|USDA|VA)

Arizona (FHA|USDA|VA)

Wisconsin (FHA|USDA|VA)

North Dakota (FHA|USDA|VA)

New Mexico (FHA|USDA|VA)

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Similarity Rank: 189

United Bank of Union
Similarity Rank: 245

CapGrow Home Mortgage, LLC
Similarity Rank: 352

Prairie State Bank and Trust
Similarity Rank: 360

STATE EMPLOYEES
Similarity Rank: 360

CENTRAL MINNESOTA Credit Union
Similarity Rank: 405

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	19,923	$5,660,645,000	$284,126	$3,524	3.20%
HELOC	994	$128,300,000	$129,074	n/a	4.41%
VA	991	$294,265,000	$296,937	$4,616	2.78%
FHA	962	$226,050,000	$234,979	$7,707	3.16%
USDA	153	$30,535,000	$199,575	$5,200	3.03%

For 2020, Bell Bank's most frequently originated type of loan was Conventional, with 19,923 originations. Their 2nd most popular type was HELOC, with 994 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	10,195	$3,016,895,000	$295,919	$4,444	3.18%
Refi	8,860	$2,468,440,000	$278,605	$3,107	3.15%
Cash Out Refi	2,903	$731,345,000	$251,927	$3,628	3.25%
Home Improvement	567	$53,095,000	$93,642	$722	4.40%
Other	497	$69,495,000	$139,829	$884	4.31%
NA	1	$525,000	$525,000	$0	3.65%

For 2020, Bell Bank's most frequently cited loan purpose was Home Purchase, with 10,195 originations. The 2nd most popular reason was Refi, with 8,860 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
30 Year	16,547	$4,757,255,000	$287,500	$4,015	3.22%
15 Year	3,196	$802,880,000	$251,214	$2,869	2.82%
10 Year	1,314	$206,210,000	$156,933	$1,582	4.13%
20 Year	1,273	$308,175,000	$242,086	$2,985	3.33%
Other	378	$102,910,000	$272,249	$2,613	3.52%
5 Year	183	$109,385,000	$597,732	$170	3.82%
30+ year	92	$41,470,000	$450,761	$7,922	3.36%
1 Year	37	$10,975,000	$296,622	$0	4.02%
3 Year	3	$535,000	$178,333	$0	3.45%

For 2020, Bell Bank's most frequently cited loan duration was 30 Year, with 16,547 originations. The 2nd most popular length was 15 Year, with 3,196 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$<1k	9,991	$2,670,295,000	$267,270
$1k-2k	5,830	$1,468,540,000	$251,894
$2k-3k	2,730	$762,740,000	$279,392
$3k-4k	1,464	$467,860,000	$319,577
$4k-5k	619	$236,895,000	$382,706
$5k+	608	$300,060,000	$493,520

Bell Bank's average total fees were $4,015, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 9,991 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
3-4%	11,698	$3,400,410,000	$290,683
2.5-3%	8,302	$2,334,900,000	$281,245
<2.5%	1,498	$387,410,000	$258,618
4-5%	1,324	$198,790,000	$150,144
5-6%	193	$17,275,000	$89,508
6-7%	4	$160,000	$40,000

During 2020, Bell Bank's average interest rate for loans was 3.22%, while their most frequently originated rate bucket for loans was 3-4%, with 11,698 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$200k-400k	12,466	$3,503,740,000	$281,064	$3,903	3.16%
$100k-200k	5,863	$927,535,000	$158,201	$2,881	3.23%
$400k-600k	2,531	$1,179,055,000	$465,846	$4,808	3.15%
$100,000 or less	1,593	$89,665,000	$56,287	$1,553	3.94%
$600k-1MM	410	$308,470,000	$752,366	$5,882	3.32%
$1MM+	160	$331,330,000	$2,070,813	$7,524	3.30%

2020 saw Bell Bank place emphasis on $200k-400k loans with 12,466 originations, totaling $3,503,740,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-150k	5,396	$1,494,070,000	$276,885	$3,863	3.24%
$50k-75k	4,831	$1,020,565,000	$211,253	$3,640	3.19%
$75k-100k	4,057	$987,385,000	$243,378	$3,695	3.23%
$150k-250k	3,764	$1,250,040,000	$332,104	$4,016	3.25%
$50k or less	2,195	$344,025,000	$156,731	$3,247	3.23%
$250k+	1,740	$815,890,000	$468,902	$4,378	3.30%

Bell Bank lent most frequently to those with incomes in the $100k-150k range, with 5,396 originations. The second most popular income band? $50k-75k, with 4,831 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-30%	6,019	$1,630,805,000	$270,943	$3,539	3.21%
30-36%	4,391	$1,179,635,000	$268,648	$3,753	3.24%
<20%	2,463	$675,365,000	$274,204	$3,242	3.18%
44%	899	$230,525,000	$256,424	$3,995	3.29%
42%	807	$224,055,000	$277,639	$3,855	3.30%
40%	793	$210,335,000	$265,240	$3,936	3.25%
41%	768	$210,760,000	$274,427	$3,960	3.28%
43%	768	$202,020,000	$263,047	$3,982	3.26%
39%	753	$206,335,000	$274,017	$3,855	3.24%
38%	750	$208,060,000	$277,413	$3,931	3.26%
37%	726	$191,950,000	$264,394	$3,759	3.29%
36%	708	$192,880,000	$272,429	$3,868	3.24%
45%	572	$153,310,000	$268,024	$3,872	3.24%
47%	413	$100,665,000	$243,741	$4,064	3.31%
49%	410	$101,120,000	$246,634	$4,320	3.21%
46%	408	$104,130,000	$255,221	$3,768	3.29%
48%	381	$99,315,000	$260,669	$4,018	3.16%
50-60%	322	$82,680,000	$256,770	$6,653	2.99%
>60%	3	$1,025,000	$341,667	$1,094	3.21%

Bell Bank lent most frequently to those with DTI ratios of 20-30%, with 6,019 originations. The next most common DTI ratio? 30-36%, with 4,391 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	19,513	$5,202,815,000	$266,633	$3,683	3.23%
Not provided	1,900	$548,770,000	$288,826	$3,873	3.20%
Not applicable	259	$221,355,000	$854,653	$1,653	3.93%
Asian	655	$183,985,000	$280,893	$4,222	3.18%
Black	467	$122,415,000	$262,131	$4,689	3.23%
American Indian	127	$31,535,000	$248,307	$3,893	3.22%
Asian Indian	52	$14,640,000	$281,538	$3,676	3.19%
Other Asian	21	$6,215,000	$295,952	$3,447	3.06%
Native Hawaiian or Islander	13	$3,595,000	$276,538	$3,709	3.21%
Filipino	3	$965,000	$321,667	$4,994	3.38%
Korean	3	$955,000	$318,333	$3,197	4.00%
Vietnamese	3	$825,000	$275,000	$2,996	2.71%
Other Pacific Islander	2	$590,000	$295,000	$5,979	2.85%
Chinese	2	$500,000	$250,000	$3,873	3.13%
Samoan	1	$245,000	$245,000	$1,671	3.25%
Native Hawaiian	1	$245,000	$245,000	$3,768	3.38%
	1	$145,000	$145,000	$2,075	2.88%

Approval Rates

Total approvals of all applications
97.57%

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
86.57%

Bell Bank has an average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
NA	23,023	$6,339,795,000	$275,368

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	78	$174,600,000	$2,238,462
Single Family (1-4 Units):Manufactured	24	$3,600,000	$150,000
Single Family (1-4 Units):Site-Built	22,921	$6,161,595,000	$268,819

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	1,069	$164,755,000	$154,121	$2,351	3.53%
40-60%	2,916	$709,990,000	$243,481	$2,884	3.07%
60-80%	8,862	$2,695,020,000	$304,110	$3,479	3.21%
80-100%	9,136	$2,670,860,000	$292,345	$4,341	3.18%
Over 100%	172	$52,500,000	$305,233	$9,208	2.92%
Under 20%	853	$43,245,000	$50,698	$589	4.25%

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
Bell Bank	1001 Broadway Street Alexandria, MN 56308	Full Service B&M	$170,069
Bell Bank	101 Center Avenue East Dilworth, MN 56529	Full Service B&M	$33,977
Bell Bank	1018 Hobart Street Hawley, MN 56549	Full Service B&M	$65,689
Bell Bank	1333 8th Street South Moorhead, MN 56560	Full Service B&M	$335,487
Bell Bank	13999 60th Street North Stillwater, MN 55082	Full Service B&M	$74,967
Bell Bank	15 Broadway Fargo, ND 58102	Full Service B&M	$157,766
Bell Bank	15 North Broadway Pelican Rapids, MN 56572	Full Service B&M	$57,300
Bell Bank	15490 101st Avenue North Suite 150 Maple Grove, MN 55369	Full Service B&M	$79,738
Bell Bank	1850 East Northrop Boulevard Chandler, AZ 85286	Full Service B&M	$36,793
Bell Bank	205 West Washington Avenue Fergus Falls, MN 56537	Full Service B&M	$122,555
Bell Bank	214 5th Street North Breckenridge, MN 56520	Full Service B&M	$10,281
Bell Bank	2501 South University Drive Fargo, ND 58103	Full Service B&M	$188,272
Bell Bank	2704 North Broadway Fargo, ND 58102	Full Service B&M	$485,685
Bell Bank	2870 52nd Avenue South Fargo, ND 58104	Full Service B&M	$92,336
Bell Bank	3100 13th Avenue, South Fargo, ND 58103	Full Service B&M	$2,469,858
Bell Bank	409 Sheyenne St West Fargo, ND 58078	Full Service B&M	$421,989
Bell Bank	5050 13th Avenue, S.W. Fargo, ND 58103	Full Service B&M	$84,952
Bell Bank	5500 Wayzata Boulevard Golden Valley, MN 55416	Full Service B&M	$1,790,905
Bell Bank	563 Bielenberg Drive Woodbury, MN 55125	Full Service B&M	$77,416
Bell Bank	5680 23rd Avenue South, Suite 101 Fargo, ND 58104	Full Service B&M	$34,007
Bell Bank	717 2nd Avenue North Wahpeton, ND 58075	Full Service B&M	$109,160
Bell Bank	7661 West Riverside Drive, Suite 105 Boise, ID 83714	Limited, Trust Office	$0
Bell Bank	920 Lake Avenue Detroit Lakes, MN 56501	Full Service B&M	$126,315

For 2020, Bell Bank had 23 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$296,463
Net interest income	$268,286
Total noninterest income	$316,526
Gross Fiduciary activities income	$18,195
Service charges on deposit accounts	$4,799
Trading account gains and fees	$0
Additional Noninterest Income	$293,532
Pre-tax net operating income	$159,531
Securities gains (or losses, -)	$19
Income before extraordinary items	$115,619
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$115,619
Minority interest net income	$0
Net income	$115,619
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$115,603

Bell Bank's gross interest income from loans was $296,463,000.
Bell Bank's net interest income from loans was $268,286,000.
Bell Bank's fee based income from loans was $4,799,000.
Bell Bank's net income from loans was $115,619,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$28,177
Provision for credit losses	$74,000
Total noninterest expense	$351,281
Salaries and employee benefits	$232,684
Premises and equipment expense	$24,930
Additional noninterest expense	$93,667
Applicable income taxes	$43,931
Net charge-offs	$1,579
Cash dividends	$0

Bell Bank's interest expense for loans was $28,177,000.
Bell Bank's payroll and benefits expense were $232,684,000.
Bell Bank's property, plant and equipment expenses $24,930,000.

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	$7,635,296
Deposits held in domestic offices	$7,635,296
Deposits by Individuals, partnerships, and corporations	$7,546,875
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$88,301
Deposits by Commercial banks and other depository institutions in U.S.	$120
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$891,298
Demand deposits	$414,098
Nontransaction accounts	$6,743,998
Money market deposit accounts (MMDAs)	$1,993,424
Other savings deposits (excluding MMDAs)	$4,192,670
Total time deposits	$557,904
Total time and savings deposits	$7,221,198
Noninterest-bearing deposits	$1,724,006
Interest-bearing deposits	$5,911,290
Retail deposits	$7,465,733
IRAs and Keogh plan accounts	$130,284
Brokered deposits	$97,287
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$8,771,234
Cash & Balances due from depository institutions	$1,152,332
Interest-bearing balances	$1,075,419
Total securities	$49,993
Federal funds sold & reverse repurchase	$0
Net loans and leases	$7,249,738
Loan and leases loss allowance	$141,545
Trading account assets	$0
Bank premises and fixed assets	$117,713
Other real estate owned	$1,138
Goodwill and other intangibles	$66,905
All other assets	$133,415

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$8,771,234
Total Liabilities	$7,867,935
Total deposits	$7,635,296
Interest-bearing deposits	$5,911,290
Deposits held in domestic offices	$7,635,296
% insured (estimated)	$88
Federal funds purchased and repurchase agreements	$11,273
Trading liabilities	$0
Other borrowed funds	$150,041
Subordinated debt	$0
All other liabilities	$71,325

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$7,249,738
Loan and leases loss allowance	$141,545
Total loans and leases (domestic)	$7,391,283
All real estate loans	$5,097,403
Real estate loans in domestic offices	$5,097,403
Construction and development loans	$348,507
Residential 1-4 family construction	$29,528
Other construction, all land development and other land	$318,979
Loans secured by nonfarm nonresidential properties	$2,100,809
Nonfarm nonresidential secured by owner-occupied properties	$578,240
Commercial real estate & other non-farm, non-residential	$1,522,569
Multifamily residential real estate	$776,379
1-4 family residential loans	$1,644,957
Farmland loans	$226,751
Loans held in foreign offices	$0
Farm loans	$104,781
Commercial and industrial loans	$1,589,936
To non-U.S. addressees	$0
Loans to individuals	$157,334
Credit card loans	$0
Related Plans	$30,507
Consumer Auto Loans	$72,031
Other loans to individuals	$54,796
All other loans & leases	$454,524
Loans to foreign governments and official institutions	$0
Other loans	$194,801
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	$6,122
Non 1-4 family restructured loans & leases	$6,045
Total loans and leases (foreign)	$0

Bell Bank had $7,249,738,000 of loans outstanding in 2020. $5,097,403,000 of loans were in real estate loans. $348,507,000 of loans were in development loans. $776,379,000 of loans were in multifamily mortgage loans. $1,644,957,000 of loans were in 1-4 family mortgage loans. $104,781,000 of loans were in farm loans. $0 of loans were in credit card loans. $72,031,000 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	677	$201,684	$297,908
Nonfarm, nonresidential loans - <$100k	97	$6,181	$63,722
Nonfarm, nonresidential loans - $100-250k	214	$29,998	$140,178
Nonfarm, nonresidential loans - $250k-1MM	366	$165,505	$452,199
Commercial & Industrial, US addressed loans - <$1MM	4,330	$374,495	$86,488
Commercial & Industrial, US addressed loans - <$100k	2,982	$76,264	$25,575
Commercial & Industrial, US addressed loans - $100-250k	799	$96,985	$121,383
Commercial & Industrial, US addressed loans - $250k-1MM	549	$201,246	$366,568
Farmland loans - <$1MM	415	$67,861	$163,520
Farmland loans - <$100k	92	$3,963	$43,076
Farmland loans - $100-250k	200	$26,371	$131,855
Farmland loans - $250k-1MM	123	$37,527	$305,098
Agriculture operations loans - <$1MM	512	$41,094	$80,262
Agriculture operations loans - <$100k	308	$9,501	$30,847
Agriculture operations loans - $100-250k	136	$14,365	$105,625
Agriculture operations loans - $250k-1MM	68	$17,228	$253,353