Glennville Bank Mortgage Rates, Fees & Info

Glennville, GA

LEI: 25490033STXCA9YDXT42

Tax ID: 58-0261000

Latest/2023 | 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
  • 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

    Glennville Bank is a smaller bank specializing in Refi and Home Purchase loans. Glennville Bank has a high proportion of conventional loans. Glennville Bank has a low ratio of conventional loans. Their top markets by origination volume include: Hinesville, Brunswick, Statesboro, Savannah, and Milledgeville among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Glennville Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

    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.

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    Originations

    241

    Origination Dollar Volume (All Markets)

    $17,595,000

    Employee count

    67

    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
    Outside of Metro Areas 124 $7,770,000 $62,661 $0 0.00%
    HINESVILLE, GA (FHA|USDA|VA) 81 $5,415,000 $66,852 $0 0.00%
    BRUNSWICK, GA (FHA|USDA|VA) 11 $2,785,000 $253,182 $0 0.00%
    Statesboro, GA (FHA|USDA|VA) 9 $485,000 $53,889 $0 0.00%
    SAVANNAH, GA (FHA|USDA|VA) 6 $280,000 $46,667 $0 0.00%
    Milledgeville, GA (FHA|USDA|VA) 2 $260,000 $130,000 $0 0.00%
    Vidalia, GA (FHA|USDA|VA) 5 $255,000 $51,000 $0 0.00%
    Jesup, GA (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
    St. Marys, GA (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
    Waycross, GA (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
    Glennville Bank's top markets include Hinesville, Brunswick, Statesboro, Savannah, and Milledgeville among others.

    Their top states include:
  • Georgia (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 240 $17,570,000 $73,208 $0 0.00%
    Conventional 1 $25,000 $25,000 $0 0.00%

    For 2018, Glennville Bank's most frequently originated type of loan was Conventional, with 240 originations. Their 2nd most popular type was Conventional, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 141 $12,465,000 $88,404 $0 0.00%
    Home Purchase 77 $4,335,000 $56,299 $0 0.00%
    Home Improvement 14 $400,000 $28,571 $0 0.00%
    Other 9 $395,000 $43,889 $0 0.00%

    For 2018, Glennville Bank's most frequently cited loan purpose was Refi, with 141 originations. The 2nd most popular reason was Home Purchase, with 77 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 241 $17,595,000 $73,008 $0 0.00%

    For 2018, Glennville Bank's most frequently cited loan duration was Other, with 241 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 192 $7,620,000 $39,688 $0 0.00%
    $100k-200k 38 $4,830,000 $127,105 $0 0.00%
    $200k-400k 9 $2,525,000 $280,556 $0 0.00%
    $1MM+ 1 $1,905,000 $1,905,000 $0 0.00%
    $600k-1MM 1 $715,000 $715,000 $0 0.00%

    2018 saw Glennville Bank place emphasis on $100,000 or less loans with 192 originations, totaling $7,620,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 70 $2,760,000 $39,429 $0 0.00%
    $50k-75k 40 $2,420,000 $60,500 $0 0.00%
    $75k-100k 31 $1,925,000 $62,097 $0 0.00%
    $100k-150k 23 $1,355,000 $58,913 $0 0.00%
    $150k-250k 20 $1,630,000 $81,500 $0 0.00%
    $250k+ 14 $2,630,000 $187,857 $0 0.00%

    Glennville Bank lent most frequently to those with incomes in the $50k or less range, with 70 originations. The second most popular income band? $50k-75k, with 40 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 240 $17,570,000 $73,208 $0 0.00%

    Glennville Bank lent most frequently to those with DTI ratios of Exempt%, with 240 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 170 $11,800,000 $69,412 $0 0.00%
    Not applicable 40 $4,610,000 $115,250 $0 0.00%
    Black 27 $865,000 $32,037 $0 0.00%
    American Indian 1 $155,000 $155,000 $0 0.00%
    Asian 2 $120,000 $60,000 $0 0.00%
    Asian Indian 1 $45,000 $45,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    86.13%

    Glennville Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.21%

    Glennville Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 240 $17,570,000 $73,208
    NA 1 $25,000 $25,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 3 $1,125,000 $375,000
    Multifamily:Site-Built 3 $665,000 $221,667
    Single Family (1-4 Units):Manufactured 81 $3,305,000 $40,802
    Single Family (1-4 Units):Site-Built 154 $12,500,000 $81,169

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Glennville Bank 101 North Duval Street Claxton, GA 30417 Full Service B&M $53,845
    Glennville Bank 102 East Barnard Street Glennville, GA 30427 Full Service B&M $121,988
    Glennville Bank 131 East Cypress Street Ludowici, GA 31316 Full Service B&M $21,138
    Glennville Bank 15 West Main Street Claxton, GA 30417 Full Service B&M $0
    Glennville Bank 203 Savannah Avenue Statesboro, GA 30458 Full Service B&M $4,373
    Glennville Bank 246 South Main Street, Suite F Reidsville, GA 30453 Full Service B&M $7,668
    Glennville Bank 702 North Main Street Glennville, GA 30427 Limited, Drive-thru $0

    For 2018, Glennville Bank had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $11,588
    Net interest income $10,175
    Total noninterest income $1,596
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $836
    Trading account gains and fees $0
    Additional Noninterest Income $760
    Pre-tax net operating income $4,154
    Securities gains (or losses, -) $-86
    Income before extraordinary items $3,152
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,152
    Minority interest net income $0
    Net income $3,152
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,219

    Glennville Bank's gross interest income from loans was $11,588,000.
    Glennville Bank's net interest income from loans was $10,175,000.
    Glennville Bank's fee based income from loans was $836,000.
    Glennville Bank's net income from loans was $3,152,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,413
    Provision for credit losses $220
    Total noninterest expense $7,397
    Salaries and employee benefits $3,853
    Premises and equipment expense $1,070
    Additional noninterest expense $2,474
    Applicable income taxes $916
    Net charge-offs $173
    Cash dividends $1,303

    Glennville Bank's interest expense for loans was $1,413,000.
    Glennville Bank's payroll and benefits expense were $3,853,000.
    Glennville Bank's property, plant and equipment expenses $1,070,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 2.0%
    HELOC loans 0.0%
    All other family 2.0%
    Commercial & industrial loans 1.0%
    Personal loans 1.0%
    Credit card loans 0.0%
    Other individual loans 1.0%
    Auto loans 1.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $210,210
    Deposits held in domestic offices $210,210
    Deposits by Individuals, partnerships, and corporations $191,585
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $18,625
    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 $89,105
    Demand deposits $38,854
    Nontransaction accounts $121,105
    Money market deposit accounts (MMDAs) $10,490
    Other savings deposits (excluding MMDAs) $14,508
    Total time deposits $96,107
    Total time and savings deposits $171,356
    Noninterest-bearing deposits $38,854
    Interest-bearing deposits $171,356
    Retail deposits $201,782
    IRAs and Keogh plan accounts $15,635
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $238,733
    Cash & Balances due from depository institutions $10,143
    Interest-bearing balances $7,186
    Total securities $58,168
    Federal funds sold & reverse repurchase $4,734
    Net loans and leases $151,763
    Loan and leases loss allowance $3,119
    Trading account assets $0
    Bank premises and fixed assets $2,472
    Other real estate owned $1,734
    Goodwill and other intangibles $695
    All other assets $9,024

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $238,733
    Total Liabilities $211,006
    Total deposits $210,210
    Interest-bearing deposits $171,356
    Deposits held in domestic offices $210,210
    % insured (estimated) $88
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $796

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $151,763
    Loan and leases loss allowance $3,119
    Total loans and leases (domestic) $154,882
    All real estate loans $132,759
    Real estate loans in domestic offices $132,759
    Construction and development loans $7,826
    Residential 1-4 family construction $5,433
    Other construction, all land development and other land $2,393
    Loans secured by nonfarm nonresidential properties $33,898
    Nonfarm nonresidential secured by owner-occupied properties $33,103
    Commercial real estate & other non-farm, non-residential $795
    Multifamily residential real estate $0
    1-4 family residential loans $49,698
    Farmland loans $41,337
    Loans held in foreign offices $0
    Farm loans $4,076
    Commercial and industrial loans $8,590
    To non-U.S. addressees $0
    Loans to individuals $9,298
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $4,398
    Other loans to individuals $4,900
    All other loans & leases $159
    Loans to foreign governments and official institutions $0
    Other loans $159
    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 $504
    Non 1-4 family restructured loans & leases $504
    Total loans and leases (foreign) $0

    Glennville Bank had $151,763,000 of loans outstanding in 2018. $132,759,000 of loans were in real estate loans. $7,826,000 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $49,698,000 of loans were in 1-4 family mortgage loans. $4,076,000 of loans were in farm loans. $0 of loans were in credit card loans. $4,398,000 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 603 $33,898 $56,216
    Nonfarm, nonresidential loans - <$100k 603 $33,898 $56,216
    Commercial & Industrial, US addressed loans - <$1MM 377 $8,590 $22,785
    Commercial & Industrial, US addressed loans - <$100k 377 $8,590 $22,785
    Farmland loans - <$1MM 184 $17,725 $96,332
    Farmland loans - <$100k 115 $3,308 $28,765
    Farmland loans - $100-250k 40 $5,526 $138,150
    Farmland loans - $250k-1MM 29 $8,891 $306,586
    Agriculture operations loans - <$1MM 88 $4,075 $46,307
    Agriculture operations loans - <$100k 75 $1,617 $21,560
    Agriculture operations loans - $100-250k 5 $324 $64,800
    Agriculture operations loans - $250k-1MM 8 $2,134 $266,750