First Grayson Bank Mortgage Rates, Fees & Info

Grayson, KY

LEI: 2549005B6S44QVVMBU11

Tax ID: 61-0208245

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

Review & Overview

First Grayson Bank is a smaller bank specializing in various types of mortgages.

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Originations

Origination Dollar Volume (All Markets)

Employee count

Complaints

Bank Name	Product	Issue	2018 CPFB Complaints	% of Total Issues
FIRST HORIZON BANK	Conventional home mortgage	Struggling to pay mortgage	3	21.4%
FIRST HORIZON BANK	Home equity loan or line of credit (HELOC)	Problem with a credit reporting company's investigation into an existing problem	1	7.1%
FIRST HORIZON BANK	Home equity loan or line of credit (HELOC)	Trouble during payment process	1	7.1%
FIRST HORIZON BANK	Other type of mortgage	Trouble during payment process	1	7.1%
FIRST HORIZON BANK	Conventional home mortgage	Trouble during payment process	5	35.7%
FIRST HORIZON BANK	Conventional home mortgage	Applying for a mortgage or refinancing an existing mortgage	1	7.1%
FIRST HORIZON BANK	FHA mortgage	Trouble during payment process	1	7.1%
FIRST HORIZON BANK	Home equity loan or line of credit (HELOC)	Incorrect information on your report	1	7.1%

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
The First National Bank of Grayson	168 Railroad Street Olive Hill, KY 41164	Full Service B&M	$28,560
The First National Bank of Grayson	200 South Carol Malone Boulevard Grayson, KY 41143	Full Service B&M	$120,326
The First National Bank of Grayson	200 Viking Drive Morehead, KY 40351	Full Service B&M	$5,156
The First National Bank of Grayson	337 Kentucky Highway 7 North Sandy Hook, KY 41171	Full Service B&M	$10,448
The First National Bank of Grayson	380 S. Carol Malone Boulevard Grayson, KY 41143	Full Service B&M	$4,934
The First National Bank of Grayson	400 Prestonsburg Street West Liberty, KY 41472	Full Service B&M	$43,859
The First National Bank of Grayson	8752 Kentucky 1 Grayson, KY 41143	Full Service B&M	$8,090
The First National Bank of Grayson	9844 East Us Hwy 60 Rush, KY 41168	Full Service B&M	$9,233

For 2018, First Grayson Bank had 8 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$10,718
Net interest income	$9,524
Total noninterest income	$3,334
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$2,038
Trading account gains and fees	$0
Additional Noninterest Income	$1,296
Pre-tax net operating income	$4,753
Securities gains (or losses, -)	$0
Income before extraordinary items	$3,770
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$3,770
Minority interest net income	$0
Net income	$3,770
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$3,770

First Grayson Bank's gross interest income from loans was $10,718,000.
First Grayson Bank's net interest income from loans was $9,524,000.
First Grayson Bank's fee based income from loans was $2,038,000.
First Grayson Bank's net income from loans was $3,770,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$1,194
Provision for credit losses	$100
Total noninterest expense	$8,005
Salaries and employee benefits	$4,967
Premises and equipment expense	$1,020
Additional noninterest expense	$2,018
Applicable income taxes	$983
Net charge-offs	$188
Cash dividends	$2,466

First Grayson Bank's interest expense for loans was $1,194,000.
First Grayson Bank's payroll and benefits expense were $4,967,000.
First Grayson Bank's property, plant and equipment expenses $1,020,000.

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	2.0%
Nonfarm, nonresidential loans	0.0%
Multifamily residential loans	0.0%
1-4 family residential loans	1.0%
HELOC loans	0.0%
All other family	1.0%
Commercial & industrial loans	1.0%
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	$220,271
Deposits held in domestic offices	$220,271
Deposits by Individuals, partnerships, and corporations	$182,741
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$37,530
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	$127,215
Demand deposits	$68,851
Nontransaction accounts	$93,056
Money market deposit accounts (MMDAs)	$5,423
Other savings deposits (excluding MMDAs)	$41,779
Total time deposits	$45,856
Total time and savings deposits	$151,420
Noninterest-bearing deposits	$68,883
Interest-bearing deposits	$151,388
Retail deposits	$215,000
IRAs and Keogh plan accounts	$10,662
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$251,810
Cash & Balances due from depository institutions	$30,339
Interest-bearing balances	$25,045
Total securities	$48,368
Federal funds sold & reverse repurchase	$551
Net loans and leases	$163,770
Loan and leases loss allowance	$2,013
Trading account assets	$0
Bank premises and fixed assets	$5,747
Other real estate owned	$316
Goodwill and other intangibles	$299
All other assets	$2,420

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$251,810
Total Liabilities	$224,257
Total deposits	$220,271
Interest-bearing deposits	$151,388
Deposits held in domestic offices	$220,271
% insured (estimated)	$79
Federal funds purchased and repurchase agreements	$954
Trading liabilities	$0
Other borrowed funds	$0
Subordinated debt	$0
All other liabilities	$3,032

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$163,770
Loan and leases loss allowance	$2,013
Total loans and leases (domestic)	$165,783
All real estate loans	$111,067
Real estate loans in domestic offices	$111,067
Construction and development loans	$15,297
Residential 1-4 family construction	$3,118
Other construction, all land development and other land	$12,179
Loans secured by nonfarm nonresidential properties	$27,756
Nonfarm nonresidential secured by owner-occupied properties	$26,022
Commercial real estate & other non-farm, non-residential	$1,734
Multifamily residential real estate	$5,977
1-4 family residential loans	$60,658
Farmland loans	$1,379
Loans held in foreign offices	$0
Farm loans	$1,115
Commercial and industrial loans	$13,144
To non-U.S. addressees	$0
Loans to individuals	$38,553
Credit card loans	$0
Related Plans	$142
Consumer Auto Loans	$9,188
Other loans to individuals	$29,223
All other loans & leases	$1,995
Loans to foreign governments and official institutions	$0
Other loans	$1,077
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	$217
Non 1-4 family restructured loans & leases	$150
Total loans and leases (foreign)	$0

First Grayson Bank had $163,770,000 of loans outstanding in 2018. $111,067,000 of loans were in real estate loans. $15,297,000 of loans were in development loans. $5,977,000 of loans were in multifamily mortgage loans. $60,658,000 of loans were in 1-4 family mortgage loans. $1,115,000 of loans were in farm loans. $0 of loans were in credit card loans. $9,188,000 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	114	$19,255	$168,904
Nonfarm, nonresidential loans - <$100k	43	$1,517	$35,279
Nonfarm, nonresidential loans - $100-250k	35	$4,753	$135,800
Nonfarm, nonresidential loans - $250k-1MM	36	$12,985	$360,694
Commercial & Industrial, US addressed loans - <$1MM	251	$10,078	$40,151
Commercial & Industrial, US addressed loans - <$100k	214	$4,081	$19,070
Commercial & Industrial, US addressed loans - $100-250k	30	$3,998	$133,267
Commercial & Industrial, US addressed loans - $250k-1MM	7	$1,999	$285,571
Farmland loans - <$1MM	18	$1,379	$76,611
Farmland loans - <$100k	18	$1,379	$76,611
Agriculture operations loans - <$1MM	119	$1,115	$9,370
Agriculture operations loans - <$100k	119	$1,115	$9,370