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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • 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% 11/17/24
    30 Year Conventional Purchase 6.63% 11/17/24
    30 Year Conventional Refi 6.53% 11/17/24
    30 Year Cash-out Refi 6.74% 11/17/24
    30 Year FHA Purchase 7.39% 11/17/24
    30 Year FHA Refi 7.44% 11/17/24
    30 Year VA Purchase 6.26% 11/17/24
    30 Year VA Refi 6.04% 11/17/24
    30 Year USDA Purchase 6.65% 11/17/24
    15 Year Conventional Purchase 6.07% 11/17/24
    15 Year Conventional Refi 5.93% 11/17/24
    15 Year Cash-out Refi 5.93% 11/17/24
    15 Year VA Refi 5.73% 11/17/24
    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






    Your Estimates

    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 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)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Bell Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    SANDIA LABORATORY
    Similarity Rank: 76
    FIRST COMMUNITY CREDIT UNION
    Similarity Rank: 84
    Liberty Bank Minnesota
    Similarity Rank: 154
    HNB National Bank
    Similarity Rank: 165
    The Greenwood's State Bank
    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