Great Nations Bank Mortgage Rates, Fees & Info

Norman, OK

LEI: 254900TGS0SDEDP36K37

Tax ID: 26-2904689

Latest/2022 | 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

    Great Nations Bank is a smaller bank specializing in Home Purchase loans. Great Nations Bank has a high proportion of conventional loans.

    Great Nations Bank has an above average approval rate when compared to the average across all 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

    4

    Origination Dollar Volume (All Markets)

    $670,000

    Employee count

    12

    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 4 $670,000 $167,500 $0 4.81%
    Great Nations Bank's top markets include

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 4 $670,000 $167,500 $0 4.81%

    For 2021, Great Nations Bank's most frequently originated type of loan was Conventional, with 4 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 4 $670,000 $167,500 $0 4.81%

    For 2021, Great Nations Bank's most frequently cited loan purpose was Home Purchase, with 4 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 2 $160,000 $80,000 $0 5.00%
    1 Year 1 $205,000 $205,000 $0 4.75%
    3 Year 1 $305,000 $305,000 $0 4.50%

    For 2021, Great Nations Bank's most frequently cited loan duration was Other, with 2 originations. The 2nd most popular length was 1 Year, with 1 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 4 $670,000 $167,500

    During 2021, Great Nations Bank's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 4 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 2 $510,000 $255,000 $0 4.63%
    $100,000 or less 1 $45,000 $45,000 $0 5.00%
    $100k-200k 1 $115,000 $115,000 $0 5.00%

    2021 saw Great Nations Bank place emphasis on $200k-400k loans with 2 originations, totaling $510,000 in origination value.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 4 $670,000 $167,500 $0 4.81%

    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 4 $670,000 $167,500

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    4 $670,000 $167,500

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    40-60% 2 $420,000 $210,000 $0 4.75%
    60-80% 1 $205,000 $205,000 $0 4.75%
    80-100% 1 $45,000 $45,000 $0 5.00%

    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 $9,464
    Great Nations Bank 2200 Alameda Street Norman, OK 73071 Full Service B&M $56,621

    For 2021, Great Nations Bank had 2 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $3,003
    Net interest income $2,215
    Total noninterest income $62
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $54
    Trading account gains and fees $0
    Additional Noninterest Income $8
    Pre-tax net operating income $312
    Securities gains (or losses, -) $0
    Income before extraordinary items $312
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $312
    Minority interest net income $0
    Net income $312
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $312

    Great Nations Bank's gross interest income from loans was $3,003,000.
    Great Nations Bank's net interest income from loans was $2,215,000.
    Great Nations Bank's fee based income from loans was $54,000.
    Great Nations Bank's net income from loans was $312,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $788
    Provision for credit losses $0
    Total noninterest expense $1,965
    Salaries and employee benefits $952
    Premises and equipment expense $335
    Additional noninterest expense $678
    Applicable income taxes $0
    Net charge-offs $0
    Cash dividends $0

    Great Nations Bank's interest expense for loans was $788,000.
    Great Nations Bank's payroll and benefits expense were $952,000.
    Great Nations Bank's property, plant and equipment expenses $335,000.

    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 $64,402
    Deposits held in domestic offices $64,402
    Deposits by Individuals, partnerships, and corporations $52,734
    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. $10,923
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $11,810
    Demand deposits $9,839
    Nontransaction accounts $52,592
    Money market deposit accounts (MMDAs) $26,320
    Other savings deposits (excluding MMDAs) $926
    Total time deposits $25,344
    Total time and savings deposits $54,563
    Noninterest-bearing deposits $9,839
    Interest-bearing deposits $54,563
    Retail deposits $62,467
    IRAs and Keogh plan accounts $305
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $76,196
    Cash & Balances due from depository institutions $2,373
    Interest-bearing balances $1,796
    Total securities $4,049
    Federal funds sold & reverse repurchase $19,713
    Net loans and leases $46,811
    Loan and leases loss allowance $627
    Trading account assets $0
    Bank premises and fixed assets $2,137
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $1,113

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $76,196
    Total Liabilities $66,507
    Total deposits $64,402
    Interest-bearing deposits $54,563
    Deposits held in domestic offices $64,402
    % insured (estimated) $84
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $1,985
    Subordinated debt $0
    All other liabilities $120

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $46,811
    Loan and leases loss allowance $627
    Total loans and leases (domestic) $47,438
    All real estate loans $34,306
    Real estate loans in domestic offices $34,306
    Construction and development loans $5,881
    Residential 1-4 family construction $3,236
    Other construction, all land development and other land $2,645
    Loans secured by nonfarm nonresidential properties $17,923
    Nonfarm nonresidential secured by owner-occupied properties $14,020
    Commercial real estate & other non-farm, non-residential $3,903
    Multifamily residential real estate $2,569
    1-4 family residential loans $6,134
    Farmland loans $1,799
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $12,816
    To non-U.S. addressees $0
    Loans to individuals $316
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $239
    Other loans to individuals $77
    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 $46,811,000 of loans outstanding in 2021. $34,306,000 of loans were in real estate loans. $5,881,000 of loans were in development loans. $2,569,000 of loans were in multifamily mortgage loans. $6,134,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $239,000 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 29 $10,037 $346,103
    Nonfarm, nonresidential loans - <$100k 7 $3,599 $514,143
    Nonfarm, nonresidential loans - $100-250k 11 $1,754 $159,455
    Nonfarm, nonresidential loans - $250k-1MM 11 $4,684 $425,818
    Commercial & Industrial, US addressed loans - <$1MM 125 $11,913 $95,304
    Commercial & Industrial, US addressed loans - <$100k 88 $6,806 $77,341
    Commercial & Industrial, US addressed loans - $100-250k 26 $3,078 $118,385
    Commercial & Industrial, US addressed loans - $250k-1MM 11 $2,029 $184,455
    Farmland loans - <$1MM 1 $874 $874,000
    Farmland loans - <$100k 1 $874 $874,000