Bell Bank Mortgage Rates, Fees & Info
Fargo, NDLEI: 549300WYBPIWKK6SQC06
Tax ID: 45-0283315
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Review & Overview
Bell Bank is a mid-sized bank specializing in Home Purchase and Refi loans. Bell Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Minneapolis, Phoenix, Fargo, Milwaukee, and Rochester among others. We have data for 209 markets. (Some data included below & more in-depth data is available with an active subscription.)Bell Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Bell Bank is typically 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.
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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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
22,633Origination Dollar Volume (All Markets)
$6,883,575,000Employee count
1,750Awards
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Bell Bank - 2021
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For 2021, less than of lenders were eligible for this award.
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Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 12,366 | $3,816,600,000 | $308,637 | $4,258 | 3.02% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2,723 | $926,395,000 | $340,211 | $4,006 | 3.16% |
| FARGO, ND-MN (FHA|USDA|VA) | 1,434 | $368,020,000 | $256,639 | $2,547 | 3.14% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 781 | $191,535,000 | $245,243 | $2,484 | 2.95% |
| Outside of Metro Areas | 680 | $152,500,000 | $224,265 | $3,205 | 3.05% |
| ROCHESTER, MN (FHA|USDA|VA) | 485 | $141,225,000 | $291,186 | $4,458 | 2.96% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 386 | $113,700,000 | $294,560 | $3,261 | 2.98% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 191 | $97,755,000 | $511,806 | $5,476 | 3.12% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 211 | $63,515,000 | $301,019 | $4,059 | 3.03% |
| DULUTH, MN-WI (FHA|USDA|VA) | 216 | $59,030,000 | $273,287 | $2,937 | 3.18% |
| Fergus Falls, MN (FHA|USDA|VA) | 326 | $57,900,000 | $177,607 | $2,592 | 3.24% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 200 | $51,560,000 | $257,800 | $3,242 | 2.98% |
| BILLINGS, MT (FHA|USDA|VA) | 1 | $49,235,000 | $49,235,000 | $0 | 3.50% |
| Alexandria, MN (FHA|USDA|VA) | 219 | $48,095,000 | $219,612 | $2,956 | 3.20% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 62 | $46,140,000 | $744,194 | $4,284 | 3.05% |
| Clovis, NM (FHA|USDA|VA) | 229 | $44,025,000 | $192,249 | $4,900 | 3.01% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 123 | $40,845,000 | $332,073 | $4,096 | 2.98% |
| Brainerd, MN (FHA|USDA|VA) | 118 | $40,600,000 | $344,068 | $4,662 | 2.97% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $39,855,000 | $39,855,000 | $0 | 3.50% |
| SANTA FE, NM (FHA|USDA|VA) | 88 | $37,170,000 | $422,386 | $3,794 | 3.00% |
| ST. CLOUD, MN (FHA|USDA|VA) | 161 | $36,805,000 | $228,602 | $3,676 | 3.03% |
| Red Wing, MN (FHA|USDA|VA) | 141 | $34,045,000 | $241,454 | $4,204 | 2.94% |
| Faribault-Northfield, MN (FHA|USDA|VA) | 110 | $30,240,000 | $274,909 | $3,797 | 2.95% |
| Wahpeton, ND-MN (FHA|USDA|VA) | 160 | $25,710,000 | $160,688 | $2,607 | 3.12% |
| TUCSON, AZ (FHA|USDA|VA) | 48 | $19,190,000 | $399,792 | $3,788 | 3.07% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 50 | $16,930,000 | $338,600 | $5,213 | 3.02% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 23 | $16,465,000 | $715,870 | $6,564 | 3.05% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 85 | $15,425,000 | $181,471 | $4,436 | 3.07% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 16 | $13,550,000 | $846,875 | $9,137 | 3.05% |
| Huron, SD (FHA|USDA|VA) | 2 | $10,080,000 | $5,040,000 | $0 | 3.67% |
| COLUMBIA, MO (FHA|USDA|VA) | 36 | $9,940,000 | $276,111 | $2,652 | 2.97% |
| RACINE, WI (FHA|USDA|VA) | 35 | $9,295,000 | $265,571 | $2,769 | 2.89% |
| Show Low, AZ (FHA|USDA|VA) | 29 | $8,365,000 | $288,448 | $3,877 | 3.08% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 27 | $8,225,000 | $304,630 | $4,455 | 3.15% |
| MADISON, WI (FHA|USDA|VA) | 29 | $8,035,000 | $277,069 | $2,937 | 3.03% |
| Austin, MN (FHA|USDA|VA) | 59 | $7,855,000 | $133,136 | $3,305 | 2.70% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 16 | $7,810,000 | $488,125 | $5,109 | 2.99% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 10 | $7,700,000 | $770,000 | $6,696 | 3.10% |
| Hutchinson, MN (FHA|USDA|VA) | 29 | $6,855,000 | $236,379 | $4,283 | 2.96% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 21 | $6,805,000 | $324,048 | $3,974 | 3.09% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 19 | $6,745,000 | $355,000 | $4,493 | 2.96% |
| FOND DU LAC, WI (FHA|USDA|VA) | 29 | $6,375,000 | $219,828 | $2,711 | 3.05% |
| Payson, AZ (FHA|USDA|VA) | 14 | $6,120,000 | $437,143 | $5,401 | 3.13% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 16 | $5,950,000 | $371,875 | $4,138 | 3.31% |
| MANKATO, MN (FHA|USDA|VA) | 21 | $5,655,000 | $269,286 | $4,214 | 2.97% |
| GRAND FORKS, ND-MN (FHA|USDA|VA) | 12 | $5,410,000 | $450,833 | $3,116 | 3.25% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 19 | $5,135,000 | $270,263 | $5,680 | 2.89% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 15 | $4,715,000 | $314,333 | $5,421 | 3.26% |
| SHEBOYGAN, WI (FHA|USDA|VA) | 19 | $4,615,000 | $242,895 | $2,497 | 3.15% |
| Grand Rapids, MN (FHA|USDA|VA) | 15 | $4,335,000 | $289,000 | $3,272 | 2.86% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 4 | $4,270,000 | $1,067,500 | $18,827 | 3.22% |
| Beaver Dam, WI (FHA|USDA|VA) | 21 | $4,225,000 | $201,190 | $2,659 | 2.99% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 8 | $3,780,000 | $472,500 | $6,377 | 3.03% |
| BISMARCK, ND (FHA|USDA|VA) | 12 | $3,600,000 | $300,000 | $3,992 | 3.07% |
| Whitewater, WI (FHA|USDA|VA) | 14 | $3,440,000 | $245,714 | $2,649 | 3.00% |
| Bemidji, MN (FHA|USDA|VA) | 13 | $3,365,000 | $258,846 | $3,288 | 3.01% |
| Watertown-Fort Atkinson, WI (FHA|USDA|VA) | 13 | $3,365,000 | $258,846 | $2,778 | 3.01% |
| WICHITA, KS (FHA|USDA|VA) | 6 | $3,360,000 | $560,000 | $4,750 | 3.08% |
| Owatonna, MN (FHA|USDA|VA) | 17 | $3,295,000 | $193,824 | $3,542 | 3.04% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 12 | $3,250,000 | $270,833 | $5,630 | 3.11% |
| Portales, NM (FHA|USDA|VA) | 17 | $3,185,000 | $187,353 | $4,599 | 2.91% |
| Willmar, MN (FHA|USDA|VA) | 12 | $3,110,000 | $259,167 | $4,200 | 3.01% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 10 | $2,800,000 | $280,000 | $4,795 | 2.92% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 7 | $2,705,000 | $386,429 | $4,607 | 3.07% |
| Española, 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% |
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Product Mix
For 2021, Bell Bank's most frequently originated type of loan was Conventional, with 19,524 originations. Their 2nd most popular type was HELOC, with 1,447 originations.
Loan Reason
For 2021, Bell Bank's most frequently cited loan purpose was Home Purchase, with 10,916 originations. The 2nd most popular reason was Refi, with 6,780 originations.
Loan Duration/Length
For 2021, Bell Bank's most frequently cited loan duration was 30 Year, with 16,063 originations. The 2nd most popular length was 15 Year, with 2,849 originations.
Origination Fees/Closing Costs
Bell Bank's average total fees were $4,243, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 12,477 originations.
Interest Rates
During 2021, Bell Bank's average interest rate for loans was 3.06%, while their most frequently originated rate bucket for loans was 2.5-3%, with 10,891 originations.
Loan Sizing
2021 saw Bell Bank place emphasis on $200k-400k loans with 11,348 originations, totaling $3,227,930,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications97.04%
Bell Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination87.85%
Bell Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 22,633 | $6,883,575,000 | $304,139 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 22,633 | $6,883,575,000 | $304,139 |
LTV Distribution
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 | 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 |
| 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 |
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 |