Great Oaks Bank Mortgage Rates, Fees & Info

Eastman, GA

LEI: 254900LW4R4AM7URY378

Tax ID: 58-0192860

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    Great Oaks Bank is a smaller bank specializing in various types of mortgages.



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    Originations

    0

    Origination Dollar Volume (All Markets)

    $0

    Employee count

    45

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    GREAT WESTERN BANCORP, INC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 33.3%
    GREAT WESTERN BANCORP, INC. VA mortgage Struggling to pay mortgage 2 66.7%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Citizens Bank & Trust Company 127 South Sixth Street Cochran, GA 31014 Full Service B&M $29,497
    Citizens Bank & Trust Company 390 Second Street Rhine, GA 31077 Full Service B&M $21,515
    Citizens Bank & Trust Company 5101 Fifth Avenue Eastman, GA 31023 Full Service B&M $69,811

    For 2018, Great Oaks Bank had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $5,509
    Net interest income $5,105
    Total noninterest income $806
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $608
    Trading account gains and fees $0
    Additional Noninterest Income $198
    Pre-tax net operating income $1,248
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,248
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,248
    Minority interest net income $0
    Net income $1,248
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,248

    Great Oaks Bank's gross interest income from loans was $5,509,000.
    Great Oaks Bank's net interest income from loans was $5,105,000.
    Great Oaks Bank's fee based income from loans was $608,000.
    Great Oaks Bank's net income from loans was $1,248,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $404
    Provision for credit losses $75
    Total noninterest expense $4,588
    Salaries and employee benefits $2,389
    Premises and equipment expense $554
    Additional noninterest expense $1,645
    Applicable income taxes $0
    Net charge-offs $-67
    Cash dividends $0

    Great Oaks Bank's interest expense for loans was $404,000.
    Great Oaks Bank's payroll and benefits expense were $2,389,000.
    Great Oaks Bank's property, plant and equipment expenses $554,000.

    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 $122,274
    Deposits held in domestic offices $122,274
    Deposits by Individuals, partnerships, and corporations $113,526
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $8,748
    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 $59,997
    Demand deposits $34,424
    Nontransaction accounts $62,277
    Money market deposit accounts (MMDAs) $8,126
    Other savings deposits (excluding MMDAs) $11,706
    Total time deposits $42,444
    Total time and savings deposits $87,850
    Noninterest-bearing deposits $36,021
    Interest-bearing deposits $86,253
    Retail deposits $119,150
    IRAs and Keogh plan accounts $7,580
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $138,216
    Cash & Balances due from depository institutions $19,698
    Interest-bearing balances $18,123
    Total securities $27,425
    Federal funds sold & reverse repurchase $0
    Net loans and leases $80,543
    Loan and leases loss allowance $1,067
    Trading account assets $0
    Bank premises and fixed assets $2,708
    Other real estate owned $2,005
    Goodwill and other intangibles $0
    All other assets $5,837

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $138,216
    Total Liabilities $123,318
    Total deposits $122,274
    Interest-bearing deposits $86,253
    Deposits held in domestic offices $122,274
    % insured (estimated) $85
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $1,044

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $80,543
    Loan and leases loss allowance $1,067
    Total loans and leases (domestic) $81,610
    All real estate loans $63,974
    Real estate loans in domestic offices $63,974
    Construction and development loans $4,660
    Residential 1-4 family construction $2,231
    Other construction, all land development and other land $2,429
    Loans secured by nonfarm nonresidential properties $16,868
    Nonfarm nonresidential secured by owner-occupied properties $7,825
    Commercial real estate & other non-farm, non-residential $9,043
    Multifamily residential real estate $932
    1-4 family residential loans $28,505
    Farmland loans $13,009
    Loans held in foreign offices $0
    Farm loans $1,610
    Commercial and industrial loans $12,649
    To non-U.S. addressees $0
    Loans to individuals $3,253
    Credit card loans $8
    Related Plans $0
    Consumer Auto Loans $904
    Other loans to individuals $2,341
    All other loans & leases $125
    Loans to foreign governments and official institutions $0
    Other loans $81
    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 $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Great Oaks Bank had $80,543,000 of loans outstanding in 2018. $63,974,000 of loans were in real estate loans. $4,660,000 of loans were in development loans. $932,000 of loans were in multifamily mortgage loans. $28,505,000 of loans were in 1-4 family mortgage loans. $1,610,000 of loans were in farm loans. $8,000 of loans were in credit card loans. $904,000 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 91 $12,128 $133,275
    Nonfarm, nonresidential loans - <$100k 46 $1,483 $32,239
    Nonfarm, nonresidential loans - $100-250k 26 $3,429 $131,885
    Nonfarm, nonresidential loans - $250k-1MM 19 $7,216 $379,789
    Commercial & Industrial, US addressed loans - <$1MM 307 $11,797 $38,427
    Commercial & Industrial, US addressed loans - <$100k 271 $3,333 $12,299
    Commercial & Industrial, US addressed loans - $100-250k 19 $2,291 $120,579
    Commercial & Industrial, US addressed loans - $250k-1MM 17 $6,173 $363,118
    Farmland loans - <$1MM 117 $10,809 $92,385
    Farmland loans - <$100k 76 $2,664 $35,053
    Farmland loans - $100-250k 29 $3,370 $116,207
    Farmland loans - $250k-1MM 12 $4,775 $397,917
    Agriculture operations loans - <$1MM 48 $1,610 $33,542
    Agriculture operations loans - <$100k 42 $509 $12,119
    Agriculture operations loans - $100-250k 5 $706 $141,200
    Agriculture operations loans - $250k-1MM 1 $395 $395,000