Wyoming Bank & Trust Mortgage Rates, Fees & Info

Cheyenne, WY

LEI: 549300XCHJ481RPPSP63

Tax ID: 83-0117330

5 stars - out of 5 stars, based on 19 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Wyoming Bank & Trust is a smaller bank specializing in Home Purchase and Refi loans. Wyoming Bank & Trust has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets include Cheyenne, Laramie, Denver, Casper, and Fort Collins among others. Wyoming Bank & Trust has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Wyoming Bank & Trust is typically an average fee lendor.


Originations

374

Origination Dollar Volume (All Markets)

$102,790,000

Employee count

42 Show all (6) awards

Relative Rate

Wyoming Bank & Trust's average 30 year fixed rate mortgage of loans were 2.61%.

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

This yields a difference of -0.54%.

Relative Fees

Wyoming Bank & Trust's average total fees for a 30 year fixed rate mortgage are $5,169.

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

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
CHEYENNE, WY (FHA|USDA|VA) 328 $89,770,000 $273,689 $4,776 2.62%
Laramie, WY (FHA|USDA|VA) 13 $3,785,000 $291,154 $5,347 2.86%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 6 $1,920,000 $320,000 $5,720 2.77%
Outside of Metro Areas 8 $1,450,000 $181,250 $3,961 2.73%
CASPER, WY (FHA|USDA|VA) 4 $1,190,000 $297,500 $6,007 2.56%
FORT COLLINS, CO (FHA|USDA|VA) 2 $1,140,000 $570,000 $8,055 2.25%
Sheridan, WY (FHA|USDA|VA) 1 $705,000 $705,000 $16,775 3.50%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $435,000 $435,000 $5,586 2.50%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $405,000 $405,000 $7,773 2.50%
Scottsbluff, NE (FHA|USDA|VA) 1 $405,000 $405,000 $7,278 2.88%
GREAT FALLS, MT (FHA|USDA|VA) 1 $325,000 $325,000 $5,440 2.88%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $265,000 $265,000 $5,784 2.63%
Rock Springs, WY (FHA|USDA|VA) 1 $265,000 $265,000 $4,759 2.38%
BILLINGS, MT (FHA|USDA|VA) 1 $155,000 $155,000 $3,991 2.99%
ALBUQUERQUE, NM (FHA|USDA|VA) 1 $145,000 $145,000 $0 2.25%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $145,000 $145,000 $4,754 2.50%
GREELEY, CO (FHA|USDA|VA) 1 $115,000 $115,000 $3,143 2.50%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $95,000 $95,000 $0 4.13%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $75,000 $75,000 $0 3.00%

Wyoming Bank & Trust's top markets include Cheyenne, Laramie, Denver, Casper, and Fort Collins among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 274 $71,400,000 $260,584 $4,139 2.73%
VA 76 $25,790,000 $339,342 $5,970 2.32%
FHA 24 $5,600,000 $233,333 $8,338 2.62%

For the 2021 period, Wyoming Bank & Trust's most frequently originated loan type of loans were Conventional, with 274 originations. Their 2nd most popular type is VA, with 76 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 196 $57,170,000 $291,684 $5,590 2.60%
Refi 86 $20,760,000 $241,395 $3,456 2.52%
Cash Out Refi 62 $18,130,000 $292,419 $5,203 2.81%
Home Improvement 29 $6,665,000 $229,828 $3,391 2.84%
Other 1 $65,000 $65,000 $2,002 2.88%

For the 2021, Wyoming Bank & Trust's most frequently cited loan purpose of loans were Home Purchase, with 196 originations. The 2nd most popular reason of loans were Refi, with 86 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 307 $84,465,000 $275,130 $5,169 2.61%
15 Year 43 $7,945,000 $184,767 $3,511 2.42%
20 Year 14 $4,650,000 $332,143 $3,673 3.22%
10 Year 5 $135,000 $27,000 $510 2.83%
Other 5 $5,595,000 $1,119,000 $463 4.20%

For the 2021, Wyoming Bank & Trust's most frequently cited loan length of loans were 30 Year, with 307 originations. The 2nd most popular length of loans were 15 Year, with 43 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$3k-4k 112 $36,890,000 $329,375
$2k-3k 88 $18,500,000 $210,227
$<1k 77 $18,545,000 $240,844
$1k-2k 25 $3,355,000 $134,200
$5k+ 17 $8,895,000 $523,235

$5,169 of loans were Wyoming Bank & Trust's average total fees, while their most frequently occuring range of origination fees were in the $3k-4k bucket, with 112 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
<2.5% 156 $39,480,000 $253,077
2.5-3% 152 $39,690,000 $261,118
3-4% 56 $17,150,000 $306,250
4-5% 10 $6,470,000 $647,000

During 2021, Wyoming Bank & Trust's average interest rate of loans were 2.61%, while their most frequently originated rate bucket of loans were <2.5%, with 156 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 193 $55,315,000 $286,606 $5,407 2.70%
$100k-200k 95 $14,925,000 $157,105 $3,620 2.72%
$400k-600k 48 $22,500,000 $468,750 $6,629 2.81%
$100,000 or less 31 $1,045,000 $33,710 $582 1.50%
$600k-1MM 4 $2,800,000 $700,000 $11,660 2.91%
$1MM+ 3 $6,205,000 $2,068,333 $0 4.17%

2021 saw Wyoming Bank & Trust place emphasis on $200k-400k loans with 193 originations, totaling $55,315,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 87 $18,215,000 $209,368 $4,910 2.37%
$100k-150k 78 $24,010,000 $307,821 $5,462 2.68%
$150k-250k 61 $18,995,000 $311,393 $4,981 2.93%
$75k-100k 51 $13,575,000 $266,176 $5,555 2.65%
$50k or less 43 $6,855,000 $159,419 $4,096 2.41%
$250k+ 12 $3,930,000 $327,500 $7,304 3.34%

Wyoming Bank & Trust lent most frequently to those with incomes in the $50k-75k range, with 87 originations. The second most popular income band? $100k-150k, with 78 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 96 $24,500,000 $255,208 $4,511 2.71%
30-36% 81 $19,345,000 $238,827 $5,192 2.52%
<20% 33 $8,835,000 $267,727 $4,216 2.78%
40% 18 $5,060,000 $281,111 $5,438 2.64%
44% 18 $3,650,000 $202,778 $4,404 1.93%
37% 18 $4,240,000 $235,556 $6,680 2.69%
41% 14 $4,200,000 $300,000 $7,018 2.62%
43% 13 $3,055,000 $235,000 $4,112 2.53%
36% 12 $2,710,000 $225,833 $4,437 2.37%
39% 9 $2,975,000 $330,556 $5,960 2.97%
45% 9 $3,145,000 $349,444 $5,777 2.73%
38% 8 $2,280,000 $285,000 $4,915 2.99%
42% 6 $1,150,000 $191,667 $3,866 3.19%
46% 5 $1,725,000 $345,000 $7,464 2.73%
48% 3 $885,000 $295,000 $4,608 2.67%
47% 2 $560,000 $280,000 $5,890 2.75%

Wyoming Bank & Trust lent most frequently to those with DTI ratios of 20-30%, with 96 originations. The next most common DTI ratio? 30-36%, with 81 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 331 $84,745,000 $256,027 $4,843 2.62%
Not applicable 18 $10,510,000 $583,889 $3,915 3.12%
Not provided 14 $3,740,000 $267,143 $5,342 2.36%
Asian 5 $1,625,000 $325,000 $4,317 2.88%
Black 2 $1,190,000 $595,000 $13,379 2.31%
American Indian 4 $980,000 $245,000 $4,504 2.44%

Approval Rates

Total approvals of all applications
96.62%

Wyoming Bank & Trust 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
89.25%

Wyoming Bank & Trust has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
3081.48 1 $285,000 $285,000
NA 373 $102,505,000 $274,812

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
374 $102,790,000 $274,840

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 22 $6,660,000 $302,727 $3,073 2.72%
40-60% 61 $13,685,000 $224,344 $3,972 2.75%
60-80% 120 $35,380,000 $294,833 $4,754 2.93%
80-100% 121 $37,955,000 $313,678 $6,033 2.68%
Over 100% 9 $3,325,000 $369,444 $14,321 2.39%
Under 20% 23 $465,000 $20,217 $400 0.89%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Wyoming Bank & Trust 120 Main Street Burns, WY 82053 Full Service B&M $39,012
Wyoming Bank & Trust 5827 Yellowstone Road Cheyenne, WY 82009 Full Service B&M $186,391

For 2021, Wyoming Bank & Trust had 2 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $7,202
Net interest income $6,454
Total noninterest income $26,615
Gross Fiduciary activities income $1,251
Service charges on deposit accounts $41
Trading account gains and fees $0
Additional Noninterest Income $25,323
Pre-tax net operating income $5,922
Securities gains (or losses, -) $-39
Income before extraordinary items $5,883
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $5,883
Minority interest net income $0
Net income $5,883
Sale, conversion, retirement of capital stock, net $0
Net operating income $5,922

Wyoming Bank & Trust's gross interest income from loans was $7,202,000.
Wyoming Bank & Trust's net interest income from loans was $6,454,000.
Wyoming Bank & Trust's fee based income from loans was $41,000.
Wyoming Bank & Trust's net income from loans was $5,883,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $748
Provision for credit losses $0
Total noninterest expense $27,147
Salaries and employee benefits $7,766
Premises and equipment expense $1,009
Additional noninterest expense $18,372
Applicable income taxes $0
Net charge-offs $-6
Cash dividends $3,200

Wyoming Bank & Trust's interest expense for loans was $748,000.
Wyoming Bank & Trust's payroll and benefits expense were $7,766,000.
Wyoming Bank & Trust's property, plant and equipment expenses $1,009,000.

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 $264,829
Deposits held in domestic offices $264,829
Deposits by Individuals, partnerships, and corporations $253,767
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $11,062
Deposits by Commercial banks and other depository institutions in U.S. $0
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $190,130
Demand deposits $83,931
Nontransaction accounts $74,699
Money market deposit accounts (MMDAs) $27,296
Other savings deposits (excluding MMDAs) $21,899
Total time deposits $25,504
Total time and savings deposits $180,898
Noninterest-bearing deposits $83,931
Interest-bearing deposits $180,898
Retail deposits $256,692
IRAs and Keogh plan accounts $1,247
Brokered deposits $4,972
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $297,082
Cash & Balances due from depository institutions $25,899
Interest-bearing balances $24,244
Total securities $155,442
Federal funds sold & reverse repurchase $0
Net loans and leases $103,726
Loan and leases loss allowance $2,254
Trading account assets $0
Bank premises and fixed assets $4,805
Other real estate owned $0
Goodwill and other intangibles $1,030
All other assets $6,180

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $297,082
Total Liabilities $266,818
Total deposits $264,829
Interest-bearing deposits $180,898
Deposits held in domestic offices $264,829
% insured (estimated) $65
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $1,343
Subordinated debt $0
All other liabilities $646

Issued Loan Types

Type Value (in 000's)
Net loans and leases $103,726
Loan and leases loss allowance $2,254
Total loans and leases (domestic) $105,980
All real estate loans $80,803
Real estate loans in domestic offices $80,803
Construction and development loans $10,370
Residential 1-4 family construction $2,746
Other construction, all land development and other land $7,624
Loans secured by nonfarm nonresidential properties $38,069
Nonfarm nonresidential secured by owner-occupied properties $24,812
Commercial real estate & other non-farm, non-residential $13,257
Multifamily residential real estate $7,727
1-4 family residential loans $13,954
Farmland loans $10,683
Loans held in foreign offices $0
Farm loans $12,462
Commercial and industrial loans $9,446
To non-U.S. addressees $0
Loans to individuals $1,117
Credit card loans $0
Related Plans $123
Consumer Auto Loans $211
Other loans to individuals $783
All other loans & leases $2,152
Loans to foreign governments and official institutions $0
Other loans $0
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 $8
Non 1-4 family restructured loans & leases $8
Total loans and leases (foreign) $0

Wyoming Bank & Trust had $103,726,000 of loans outstanding in 2021. $80,803,000 of loans were in real estate loans. $10,370,000 of loans were in development loans. $7,727,000 of loans were in multifamily mortgage loans. $13,954,000 of loans were in 1-4 family mortgage loans. $12,462,000 of loans were in farm loans. $0 of loans were in credit card loans. $211,000 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 38 $13,275 $349,342
Nonfarm, nonresidential loans - <$100k 5 $253 $50,600
Nonfarm, nonresidential loans - $100-250k 5 $547 $109,400
Nonfarm, nonresidential loans - $250k-1MM 28 $12,475 $445,536
Commercial & Industrial, US addressed loans - <$1MM 48 $6,588 $137,250
Commercial & Industrial, US addressed loans - <$100k 24 $848 $35,333
Commercial & Industrial, US addressed loans - $100-250k 8 $1,104 $138,000
Commercial & Industrial, US addressed loans - $250k-1MM 16 $4,636 $289,750
Farmland loans - <$1MM 27 $4,834 $179,037
Farmland loans - <$100k 5 $339 $67,800
Farmland loans - $100-250k 12 $1,335 $111,250
Farmland loans - $250k-1MM 10 $3,160 $316,000
Agriculture operations loans - <$1MM 61 $4,627 $75,852
Agriculture operations loans - <$100k 42 $1,005 $23,929
Agriculture operations loans - $100-250k 6 $625 $104,167
Agriculture operations loans - $250k-1MM 13 $2,997 $230,538