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Armstrong Bank
Bank|Muskogee, OK|Regional
Loans Originated
122
Applications
181
Volume
$29 million
Offers loans directly to consumers
Overall Pricing
Mediocre
Overall Pull Through
Acceptable
Pricing and Pullthrough Overview
Average Rate Spread
+0.517%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$2,003
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
67.4%
Percentage of applications that result in closed loans
Safe Rate's Summary
Things to Think About
- Rates typically 52 basis points above market average
- Pull through efficiency is below industry average
Report Card
Armstrong Bank performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Mediocre | Below peers | |
Pull Through Closing Strength | Acceptable | Near industry average | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Sound | Industry Standard | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Sound | Industry Standard | |
Refinance | Sound | Industry Standard | |
Places Geographic coverage | Sound | Regional · 5 metro areas · 3 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$237,787
Average Borrower Income
$124,951
Average Property Value
$347,131
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Acceptable | Sound | Mediocre | Sound | 118 | 96.7% | +0.526% | $1,916 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Acceptable | Sound | Mediocre | Sound | 91 | 74.6% | +0.415% | $2,177 |
Refinance | Acceptable | Sound | Mediocre | Strong | 31 | 25.4% | +0.698% | $1,695 |
Geographic Coverage
Metro Areas
4
States Served
3
We count Washington DC as a state
Avg Place Specialization
Sound
States with Loan Originations
ARMOOK
Top Metro Areas by Place Specialization Score
1
Fort Smith, AR, AR-OKMSA
Volume: 25Mix: 20.49%
Place Specialization
Sound
2
Tulsa, OK, OKMSA
Volume: 23Mix: 18.85%
Place Specialization
Sound
3
Fayetteville, ARMSA
Volume: 20Mix: 16.39%
Place Specialization
Sound
4
Oklahoma City, OK, OKMSA
Volume: 10Mix: 8.20%
Place Specialization
Sound
Top States by Place Specialization Score
1
OKState
Volume: 89Mix: 72.95%
Place Specialization
Strong
2
ARState
Volume: 32Mix: 26.23%
Place Specialization
Sound
How We Rank Lenders
Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.
Our Point System (Max 30 Points)
10
Pricing
Rate and fee competitiveness (33%)
10
Pull Through
Reliability in closing loans (33%)
10
Product
Specialization in the loan type (33%)
💎
Champion(80%+ = 24-30 points)
⭐
Superstar(60-79% = 18-23 points)
Data Integrity & Updates
Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.
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