Independent Banker - July 2024 - 45

Rank Bank name
1
2
3
4
5
6
7
8
9
10
11
Above: Dart Bank CEO and president
William J. Hufnagel (left), COO, mortgage
banking Tim Sambaer (center) and SVP,
mortgage banking Bryan Clark (right)
discuss their loan production process.
$971.3 million in Q4 2023, up
from $755.2 million from one year
earlier. During 2023, total loans
increased by $216 million, and
deposits were up by $244 million.
Those numbers might have been
higher, Hufnagel says, but for the
current interest rate environment
and its eff ect on the home market.
" There's a lack of homes for sale, "
he observes. Current homeowners
might have mortgages at 3% or
less, and they're disinclined to
trade that rate for the 7% they
would pay on a new loan. When
existing homeowners largely stay
put, that has a domino eff ect that
drastically reduces the amount of
housing stock on the market. New
construction can't fully make up
the diff erence.
Ease of application
However, Dart has made it easy
to apply for a mortgage for those
who are in the market for a new
home. The community bank invests
in technology that lets mortgage
applicants apply entirely online,
uploading required documents
12
13
14
15
16
17
18
19
20
Consumer/mortgage: Less than $300M in assets
City
Community Savings
Warsaw Federal Savings and Loan
Association
Grand Bank for Savings, F.S.B.
Brazos National Bank
Brighton Bank
The Bank Of Orrick
First Federal Bank, A FSB
Farmers Bank
Neighbors Bank
1st Federal Savings Bank of SC, Inc
Luminate Bank
The First National Bank In Cooper
Caldwell
Cincinnati
Hattiesburg
Richwood
Brighton
Orrick
Tuscaloosa
Parsons
Clarence
Walterboro
Minnetonka
Cooper
Citizens Savings Bank and Trust Company Nashville
Randall State Bank
Community State Bank
COREBANK
Odin State Bank
Dickinson County Bank
Union Bank & Trust Company
Cedar Rapids State Bank
Randall
Brook
Waynoka
Odin
Enterprise
Livingston
Cedar Rapids
State
OH
OH
MS
TX
TN
MO
AL
TN
MO
SC
MN
TX
TN
MN
IN
OK
MN
KS
TN
NE
97.5
97.0
96.1
96.0
95.7
95.7
95.1
93.2
92.1
91.8
91.4
91.3
90.7
90.6
90.6
90.3
90.1
90.0
90.0
Rank Bank name
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
Consumer/mortgage: $300M to $1B in assets
City
Beacon Community Bank
Sanibel Captiva Community Bank
University Bank
Citizens State Bank
First Capital Bank
Mount Pleasant
Sanibel
Ann Arbor
Hudson
Laurinburg
Great Midwest Bank, State Savings Bank Brookfield
The Fisher National Bank
Fisher
Heritage Bank & Trust
Citizens Bank of West Virginia, Inc.
First Exchange Bank
Pendleton Community Bank, Inc.
The Riddell National Bank
High Country Bank
BankOkolona
First Central Savings Bank
Shoreham Bank
Community Bank Delaware
Belmont Savings Bank
The Poca Valley Bank, Inc.
Seamens Bank
Columbia
Elkins
White Hall
Franklin
Brazil
Salida
Okolona
Glen Cove
Warwick
Lewes
Bellaire
Walton
Provincetown
State
SC
FL
MI
WI
NC
WI
IL
TN
WV
WV
WV
IN
CO
MS
NY
RI
DE
OH
WV
MA
Consumer lender score
99.3
Consumer lender score
92.6
92.4
91.8
91.6
91.3
90.0
90.0
89.6
89.5
88.5
88.4
88.4
88.4
88.1
88.0
87.8
87.8
87.5
87.3
87.1
independentbanker.org // 45/
Photo (page 44 top) by Roberto/Adobe
http://www.independentbanker.org
Independent Banker - July 2024

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