Great Nations Bank Mortgage Rates, Fees & Info
Norman, OK
LEI: 254900TGS0SDEDP36K37
Tax ID: 26-2904689
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Mortgage Data
Bank Data
Review & Overview
Great Nations Bank is a smaller bank specializing in
Home Purchase and Cash Out Refi loans. Great Nations Bank has a high proportion of conventional loans. Their top two markets are Oklahoma City and Shawnee .
Great Nations Bank has
an above average approval rate when compared to the average across all lenders.
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Originations
15
Origination Dollar Volume (All Markets)
$1,335,000
Employee count
14
Top Markets
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assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
Great Nations Bank's top markets include Oklahoma City and Shawnee among others.
Their top states include:
Oklahoma
(FHA|USDA|VA)
Product Mix
| Loan Type |
Originations |
Total Value |
Avg. Loan |
Avg. Fees |
Avg. Rate |
| Conventional |
15 |
$1,335,000 |
$89,000 |
$0 |
6.03% |
For 2019, Great Nations Bank's most frequently
originated type
of loan was Conventional, with 15 originations.
Loan Reason
| Loan Reason |
Originations |
Total Value |
Avg. Loan |
Avg. Fees |
Avg. Rate |
| Home Purchase |
10 |
$840,000 |
$84,000 |
$0 |
5.97% |
| Cash Out Refi |
3 |
$345,000 |
$115,000 |
$0 |
6.09% |
| Refi |
2 |
$150,000 |
$75,000 |
$0 |
6.25% |
For 2019, Great Nations Bank's most frequently cited loan
purpose was Home Purchase, with 10
originations.
The 2nd most popular reason was Cash Out Refi,
with 3 originations.
Loan Duration/Length
| Loan Length |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| 5 Year |
11 |
$885,000 |
$80,455 |
$0 |
6.04% |
| Other |
4 |
$450,000 |
$112,500 |
$0 |
6.00% |
For 2019, Great Nations Bank's most frequently cited loan
duration was 5 Year, with 11 originations.
The 2nd most popular length was Other,
with 4 originations.
Interest Rates
| Loan Rate |
Originations |
Total Value |
Average Loan |
| 5-6% |
10 |
$860,000 |
$86,000 |
| 6-7% |
5 |
$475,000 |
$95,000 |
During 2019, Great Nations Bank's average interest
rate for loans was 0.00%, while their
most frequently originated rate bucket for loans was 5-6%,
with 10 originations.
Loan Sizing
| Loan Size |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| $100,000 or less |
9 |
$615,000 |
$68,333 |
$0 |
6.09% |
| $100k-200k |
6 |
$720,000 |
$120,000 |
$0 |
5.95% |
2019 saw Great Nations Bank place emphasis on
$100,000 or less loans
with 9 originations, totaling
$615,000 in origination value.
Applicant Income
| Applicant Income |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| $100k-150k |
2 |
$220,000 |
$110,000 |
$0 |
5.90% |
| $50k-75k |
1 |
$65,000 |
$65,000 |
$0 |
5.88% |
Great Nations Bank lent most frequently to those with incomes in the
$100k-150k range, with
2 originations.
The second most popular income band? $50k-75k,
with 1 originations.
Applicant Debt to Income Ratio
| DTI Ratio |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| <20% |
2 |
$220,000 |
$110,000 |
$0 |
5.90% |
| 20-30% |
1 |
$65,000 |
$65,000 |
$0 |
5.88% |
Great Nations Bank lent most frequently to those with DTI ratios
of <20%, with
2 originations.
The next most common DTI ratio? 20-30%,
with 1 originations.
Ethnicity Mix
| Applicant Ethnicity |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| Not applicable |
12 |
$1,050,000 |
$87,500 |
$0 |
6.06% |
| White |
2 |
$220,000 |
$110,000 |
$0 |
5.90% |
| Asian |
1 |
$65,000 |
$65,000 |
$0 |
5.88% |
Approval Rates
Total approvals of all applications
100.00%
Great Nations Bank has an exceptionally high approval rate. They
either target their audience
very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination
Points and Fees
| Points |
Originations |
Total Value |
Average Loan |
| NA |
15 |
$1,335,000 |
$89,000 |
Occupancy Type Mix
| Dwelling Type |
Originations |
Total Value |
Average Loan |
| Single Family (1-4 Units):Site-Built |
15 |
$1,335,000 |
$89,000 |
LTV Distribution
| Loan to Value |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| 40-60% |
4 |
$290,000 |
$72,500 |
$0 |
6.03% |
| 60-80% |
11 |
$1,045,000 |
$95,000 |
$0 |
6.03% |
Bank Details
Branches
| Bank Name |
Branch |
Branch Type |
Deposits (000's) |
| Great Nations Bank |
2121 South Yukon Parkway, Suite 205 Yukon, OK 73099 |
Full Service B&M
|
$2,412 |
| Great Nations Bank |
2200 Alameda Street Norman, OK 73071 |
Full Service B&M
|
$52,879 |
For 2019, Great Nations Bank had 2 branches.
Yearly Performance Overview
Bank Income
Great Nations Bank's gross interest income from loans was $3,383,000.
Great Nations Bank's net interest income from loans was $2,213,000.
Great Nations Bank's fee based income from loans was $33,000.
Great Nations Bank's net income from loans was $219,000.
Bank Expenses
| Item |
Value (in 000's) |
| Total interest expense |
$1,170 |
| Provision for credit losses |
$13 |
| Total noninterest expense |
$2,018 |
| Salaries and employee benefits |
$1,114 |
| Premises and equipment expense |
$302 |
| Additional noninterest expense |
$602 |
| Applicable income taxes |
$0 |
| Net charge-offs |
$25 |
| Cash dividends |
$0 |
Great Nations Bank's interest expense for loans was $1,170,000.
Great Nations Bank's payroll and benefits expense were $1,114,000.
Great Nations Bank's property, plant and equipment expenses $302,000.
Deposits
| Type |
Value (in 000's) |
| Total deposits |
$56,307 |
| Deposits held in domestic offices |
$56,307 |
| Deposits by Individuals, partnerships, and corporations |
$39,496 |
| Deposits by U.S. Government |
$0 |
| Deposits by States and political subdivisions in the U.S. |
$745 |
| Deposits by Commercial banks and other depository institutions in U.S. |
$16,066 |
| Deposits by Banks in foreign countries |
$0 |
| Deposits by Foreign governments and official institutions |
$0 |
| Transaction accounts |
$6,777 |
| Demand deposits |
$5,299 |
| Nontransaction accounts |
$49,530 |
| Money market deposit accounts (MMDAs) |
$9,153 |
| Other savings deposits (excluding MMDAs) |
$613 |
| Total time deposits |
$39,764 |
| Total time and savings deposits |
$51,008 |
| Noninterest-bearing deposits |
$5,299 |
| Interest-bearing deposits |
$51,008 |
| Retail deposits |
$46,897 |
| IRAs and Keogh plan accounts |
$391 |
| Brokered deposits |
$0 |
| Deposits held in foreign offices |
$0 |
Assets
| Asset |
Value (in 000's) |
| Total Assets |
$65,839 |
| Cash & Balances due from depository institutions |
$2,359 |
| Interest-bearing balances |
$1,966 |
| Total securities |
$1,150 |
| Federal funds sold & reverse repurchase |
$1,430 |
| Net loans and leases |
$57,363 |
| Loan and leases loss allowance |
$608 |
| Trading account assets |
$0 |
| Bank premises and fixed assets |
$2,485 |
| Other real estate owned |
$0 |
| Goodwill and other intangibles |
$0 |
| All other assets |
$1,052 |
Liabilities
| Liabilities |
Value (in 000's) |
| Total liabilities and capital |
$65,839 |
| Total Liabilities |
$56,569 |
| Total deposits |
$56,307 |
| Interest-bearing deposits |
$51,008 |
| Deposits held in domestic offices |
$56,307 |
| % insured (estimated) |
$85 |
| Federal funds purchased and repurchase agreements |
$0 |
| Trading liabilities |
$0 |
| Other borrowed funds |
$170 |
| Subordinated debt |
$0 |
| All other liabilities |
$92 |
Issued Loan Types
| Type |
Value (in 000's) |
| Net loans and leases |
$57,363 |
| Loan and leases loss allowance |
$608 |
| Total loans and leases (domestic) |
$57,971 |
| All real estate loans |
$39,904 |
| Real estate loans in domestic offices |
$39,904 |
| Construction and development loans |
$8,027 |
| Residential 1-4 family construction |
$4,102 |
| Other construction, all land development and other land |
$3,925 |
| Loans secured by nonfarm nonresidential properties |
$19,985 |
| Nonfarm nonresidential secured by owner-occupied properties |
$14,606 |
| Commercial real estate & other non-farm, non-residential |
$5,379 |
| Multifamily residential real estate |
$1,599 |
| 1-4 family residential loans |
$9,032 |
| Farmland loans |
$1,261 |
| Loans held in foreign offices |
$0 |
| Farm loans |
$1,121 |
| Commercial and industrial loans |
$16,401 |
| To non-U.S. addressees |
$0 |
| Loans to individuals |
$546 |
| Credit card loans |
$0 |
| Related Plans |
$0 |
| Consumer Auto Loans |
$223 |
| Other loans to individuals |
$323 |
| All other loans & leases |
$0 |
| Loans to foreign governments and official institutions |
$0 |
| Other loans |
$0 |
| 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 Nations Bank had $57,363,000 of loans outstanding in 2019. $39,904,000 of loans were in real estate loans.
$8,027,000 of loans were in development loans. $1,599,000 of loans were in multifamily mortgage loans.
$9,032,000 of loans were in 1-4 family mortgage loans. $1,121,000 of loans were in farm loans. $0
of loans were in credit card loans. $223,000 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 |
136 |
$11,748 |
$86,382 |
| Nonfarm, nonresidential loans - <$100k |
75 |
$2,461 |
$32,813 |
| Nonfarm, nonresidential loans - $100-250k |
44 |
$4,716 |
$107,182 |
| Nonfarm, nonresidential loans - $250k-1MM |
17 |
$4,571 |
$268,882 |
| Commercial & Industrial, US addressed loans - <$1MM |
36 |
$9,107 |
$252,972 |
| Commercial & Industrial, US addressed loans - <$100k |
8 |
$180 |
$22,500 |
| Commercial & Industrial, US addressed loans - $100-250k |
13 |
$1,581 |
$121,615 |
| Commercial & Industrial, US addressed loans - $250k-1MM |
15 |
$7,346 |
$489,733 |