Wyoming Bank & Trust Mortgage Rates, Fees & Info

Cheyenne, WY

LEI: 549300XCHJ481RPPSP63

Tax ID: 83-0117330

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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

    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 by origination volume include: Cheyenne, Laramie, Denver, Casper, and Fort Collins among others. We have data for 19 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Wyoming Bank & Trust 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. Wyoming Bank & Trust 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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    Originations

    374

    Origination Dollar Volume (All Markets)

    $102,790,000

    Employee count

    42 Show all (6) 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
    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.

    Their top states include:
  • Wyoming (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Nebraska (FHA|USDA|VA)
  • Montana (FHA|USDA|VA)

    • Similar Lenders

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

    WESTERN VISTA
    Similarity Rank: 63
    Pinnacle Bank - Wyoming
    Similarity Rank: 288
    Blue Federal Credit Union
    Similarity Rank: 494
    Wyoming Bank & Trust
    Similarity Rank: 893
    Jonah Bank of Wyoming
    Similarity Rank: 1188
    CENTENNIAL LENDING, LLC
    Similarity Rank: 3360
    OPEN MORTGAGE, LLC
    Similarity Rank: 5610
    BETTER MORTGAGE CORPORATION
    Similarity Rank: 10104
    First Interstate Bank
    Similarity Rank: 10185
    AMERISAVE MORTGAGE CORPORATION
    Similarity Rank: 12446

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Wyoming Bank & Trust's most frequently originated type of loan was Conventional, with 274 originations. Their 2nd most popular type was VA, with 76 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Wyoming Bank & Trust's most frequently cited loan purpose was Home Purchase, with 196 originations. The 2nd most popular reason was 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 2021, Wyoming Bank & Trust's most frequently cited loan duration was 30 Year, with 307 originations. The 2nd most popular length was 15 Year, with 43 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $2k-3k 88 $18,500,000 $210,227
    $3k-4k 78 $23,610,000 $302,692
    $<1k 77 $18,545,000 $240,844
    $4k-5k 34 $13,280,000 $390,588
    $1k-2k 25 $3,355,000 $134,200
    $5k+ 17 $8,895,000 $523,235

    Wyoming Bank & Trust's average total fees were $5,169, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 88 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 for loans was 2.61%, while their most frequently originated rate bucket for loans was <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
    96.01%

    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
    86.10%

    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