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
  • 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

    57

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Great Oaks Bank 127 South Sixth Street Cochran, GA 31014 Full Service B&M $35,001
    Great Oaks Bank 2100 Pooler Parkway Pooler, GA 31322 Full Service B&M $24,352
    Great Oaks Bank 390 Second Street Rhine, GA 31077 Full Service B&M $32,801
    Great Oaks Bank 5101 5th Ave Eastman, GA 31023 Full Service B&M $91,363
    Great Oaks Bank Northwest Corner Of Highway 144, Ford Avenue And Town Centre Richmond Hill, GA 31324 Full Service B&M $59,632

    For 2021, Great Oaks Bank had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $9,539
    Net interest income $8,868
    Total noninterest income $1,637
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $613
    Trading account gains and fees $0
    Additional Noninterest Income $1,024
    Pre-tax net operating income $2,461
    Securities gains (or losses, -) $1
    Income before extraordinary items $2,462
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,462
    Minority interest net income $0
    Net income $2,462
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,461

    Great Oaks Bank's gross interest income from loans was $9,539,000.
    Great Oaks Bank's net interest income from loans was $8,868,000.
    Great Oaks Bank's fee based income from loans was $613,000.
    Great Oaks Bank's net income from loans was $2,462,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $671
    Provision for credit losses $209
    Total noninterest expense $7,835
    Salaries and employee benefits $4,714
    Premises and equipment expense $1,014
    Additional noninterest expense $2,107
    Applicable income taxes $0
    Net charge-offs $13
    Cash dividends $1,250

    Great Oaks Bank's interest expense for loans was $671,000.
    Great Oaks Bank's payroll and benefits expense were $4,714,000.
    Great Oaks Bank's property, plant and equipment expenses $1,014,000.

    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 $259,267
    Deposits held in domestic offices $259,267
    Deposits by Individuals, partnerships, and corporations $254,053
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $5,214
    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 $119,139
    Demand deposits $70,909
    Nontransaction accounts $140,128
    Money market deposit accounts (MMDAs) $75,885
    Other savings deposits (excluding MMDAs) $21,733
    Total time deposits $42,511
    Total time and savings deposits $188,358
    Noninterest-bearing deposits $71,976
    Interest-bearing deposits $187,292
    Retail deposits $254,870
    IRAs and Keogh plan accounts $7,557
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $290,284
    Cash & Balances due from depository institutions $58,381
    Interest-bearing balances $54,410
    Total securities $70,014
    Federal funds sold & reverse repurchase $0
    Net loans and leases $149,243
    Loan and leases loss allowance $1,933
    Trading account assets $0
    Bank premises and fixed assets $6,033
    Other real estate owned $301
    Goodwill and other intangibles $0
    All other assets $6,312

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $290,284
    Total Liabilities $260,616
    Total deposits $259,267
    Interest-bearing deposits $187,292
    Deposits held in domestic offices $259,267
    % insured (estimated) $75
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $1,349

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $149,243
    Loan and leases loss allowance $1,933
    Total loans and leases (domestic) $151,176
    All real estate loans $118,932
    Real estate loans in domestic offices $118,932
    Construction and development loans $20,124
    Residential 1-4 family construction $8,702
    Other construction, all land development and other land $11,422
    Loans secured by nonfarm nonresidential properties $54,069
    Nonfarm nonresidential secured by owner-occupied properties $27,303
    Commercial real estate & other non-farm, non-residential $26,766
    Multifamily residential real estate $917
    1-4 family residential loans $31,134
    Farmland loans $12,688
    Loans held in foreign offices $0
    Farm loans $771
    Commercial and industrial loans $27,328
    To non-U.S. addressees $0
    Loans to individuals $2,795
    Credit card loans $8
    Related Plans $0
    Consumer Auto Loans $742
    Other loans to individuals $2,045
    All other loans & leases $1,350
    Loans to foreign governments and official institutions $0
    Other loans $1,342
    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 $149,243,000 of loans outstanding in 2021. $118,932,000 of loans were in real estate loans. $20,124,000 of loans were in development loans. $917,000 of loans were in multifamily mortgage loans. $31,134,000 of loans were in 1-4 family mortgage loans. $771,000 of loans were in farm loans. $8,000 of loans were in credit card loans. $742,000 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 106 $25,172 $237,472
    Nonfarm, nonresidential loans - <$100k 27 $998 $36,963
    Nonfarm, nonresidential loans - $100-250k 34 $4,229 $124,382
    Nonfarm, nonresidential loans - $250k-1MM 45 $19,945 $443,222
    Commercial & Industrial, US addressed loans - <$1MM 297 $20,030 $67,441
    Commercial & Industrial, US addressed loans - <$100k 226 $3,735 $16,527
    Commercial & Industrial, US addressed loans - $100-250k 32 $3,405 $106,406
    Commercial & Industrial, US addressed loans - $250k-1MM 39 $12,890 $330,513
    Farmland loans - <$1MM 118 $9,898 $83,881
    Farmland loans - <$100k 80 $2,707 $33,838
    Farmland loans - $100-250k 24 $2,641 $110,042
    Farmland loans - $250k-1MM 14 $4,550 $325,000
    Agriculture operations loans - <$1MM 27 $771 $28,556
    Agriculture operations loans - <$100k 22 $274 $12,455
    Agriculture operations loans - $100-250k 5 $497 $99,400