Diamond Bank Mortgage Rates, Fees & Info

Murfreesboro, AR

LEI: 254900YY36UO9MBPH808

Tax ID: 71-0141380

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

Review & Overview

Diamond Bank is a smaller bank specializing in Home Purchase and Refi loans. Diamond Bank has a high proportion of conventional loans. Their top markets by origination volume include: Hot Springs, Texarkana, Hope, Russellville, and Little Rock among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

Diamond Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

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Originations

296

Origination Dollar Volume (All Markets)

$29,540,000

Employee count

145

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	159	$12,925,000	$81,289	$0	0.00%
HOT SPRINGS, AR (FHA\|USDA\|VA)	39	$6,065,000	$155,513	$0	0.00%
TEXARKANA, TX-AR (FHA\|USDA\|VA)	29	$3,225,000	$111,207	$0	0.00%
Hope, AR (FHA\|USDA\|VA)	28	$2,200,000	$78,571	$0	0.00%
Russellville, AR (FHA\|USDA\|VA)	26	$2,190,000	$84,231	$0	0.00%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA\|USDA\|VA)	4	$1,620,000	$405,000	$0	0.00%
Malvern, AR (FHA\|USDA\|VA)	6	$710,000	$118,333	$0	0.00%
CORPUS CHRISTI, TX (FHA\|USDA\|VA)	1	$365,000	$365,000	$0	0.00%
Arkadelphia, AR (FHA\|USDA\|VA)	4	$240,000	$60,000	$0	0.00%

Diamond Bank's top markets include Hot Springs, Texarkana, Hope, Russellville, and Little Rock among others.

Their top states include:

Arkansas (FHA|USDA|VA)

Texas (FHA|USDA|VA)

Oklahoma (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	296	$29,540,000	$99,797	$0	0.00%

For 2018, Diamond Bank's most frequently originated type of loan was Conventional, with 296 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	167	$18,735,000	$112,186	$0	0.00%
Refi	99	$9,665,000	$97,626	$0	0.00%
Home Improvement	22	$870,000	$39,545	$0	0.00%
Other	7	$245,000	$35,000	$0	0.00%
NA	1	$25,000	$25,000	$0	0.00%

For 2018, Diamond Bank's most frequently cited loan purpose was Home Purchase, with 167 originations. The 2nd most popular reason was Refi, with 99 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	296	$29,540,000	$99,797	$0	0.00%

For 2018, Diamond Bank's most frequently cited loan duration was Other, with 296 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	208	$10,240,000	$49,231	$0	0.00%
$100k-200k	53	$7,305,000	$137,830	$0	0.00%
$200k-400k	30	$8,350,000	$278,333	$0	0.00%
$400k-600k	2	$1,000,000	$500,000	$0	0.00%
$600k-1MM	2	$1,640,000	$820,000	$0	0.00%
$1MM+	1	$1,005,000	$1,005,000	$0	0.00%

2018 saw Diamond Bank place emphasis on $100,000 or less loans with 208 originations, totaling $10,240,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k or less	94	$4,880,000	$51,915	$0	0.00%
$50k-75k	64	$4,930,000	$77,031	$0	0.00%
$75k-100k	45	$4,125,000	$91,667	$0	0.00%
$100k-150k	32	$4,190,000	$130,938	$0	0.00%
$150k-250k	19	$2,575,000	$135,526	$0	0.00%
$250k+	9	$3,375,000	$375,000	$0	0.00%

Diamond Bank lent most frequently to those with incomes in the $50k or less range, with 94 originations. The second most popular income band? $50k-75k, with 64 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	296	$29,540,000	$99,797	$0	0.00%

Diamond Bank lent most frequently to those with DTI ratios of Exempt%, with 296 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	261	$24,195,000	$92,701	$0	0.00%
Not applicable	26	$4,610,000	$177,308	$0	0.00%
Asian Indian	1	$365,000	$365,000	$0	0.00%
Black	5	$185,000	$37,000	$0	0.00%
Asian	1	$95,000	$95,000	$0	0.00%
American Indian	1	$65,000	$65,000	$0	0.00%
Not provided	1	$25,000	$25,000	$0	0.00%

Approval Rates

Total approvals of all applications
86.89%

Diamond Bank has an average approval rate.

Pick Rate

Approvals leading to origination
75.00%

Diamond Bank has a below average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	296	$29,540,000	$99,797

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Manufactured	3	$115,000	$38,333
Multifamily:Site-Built	7	$1,735,000	$247,857
Single Family (1-4 Units):Manufactured	40	$2,290,000	$57,250
Single Family (1-4 Units):Site-Built	246	$25,400,000	$103,252

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
Diamond Bank	400 South Main Hope, AR 71801	Full Service B&M	$35,005
Diamond Bank	404 E. Collin Raye Drive Dequeen, AR 71832	Full Service B&M	$15,757
Diamond Bank	4820 Texas Blvd Texarkana, TX 75503	Full Service B&M	$9,069
Diamond Bank	100 W Runnels Street Mineral Springs, AR 71851	Full Service B&M	$26,187
Diamond Bank	1200 Airport Road Hot Springs, AR 71913	Full Service B&M	$38,039
Diamond Bank	1410 South 4th Street Nashville, AR 71852	Full Service B&M	$0
Diamond Bank	1710 South Constitution Avenue Ashdown, AR 71822	Full Service B&M	$4,906
Diamond Bank	203 Highway 71 North Mena, AR 71953	Full Service B&M	$24,437
Diamond Bank	205 Highway 70 East Glenwood, AR 71943	Full Service B&M	$82,907
Diamond Bank	2209 East Pkwy Drive Russellville, AR 72802	Full Service B&M	$28,105
Diamond Bank	2350 Malvern Avenue Suite B Hot Springs, AR 71901	Full Service B&M	$44,926
Diamond Bank	301 North Main Nashville, AR 71852	Full Service B&M	$86,517
Diamond Bank	319 East Main Street Murfreesboro, AR 71958	Full Service B&M	$60,812
Diamond Bank	Highway 270 East And Cedar Street Mount Ida, AR 71957	Full Service B&M	$35,913
Diamond Bank	Highway 4 Dierks, AR 71833	Full Service B&M	$14,870

For 2018, Diamond Bank had 15 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$25,619
Net interest income	$20,301
Total noninterest income	$2,883
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$1,125
Trading account gains and fees	$0
Additional Noninterest Income	$1,758
Pre-tax net operating income	$6,948
Securities gains (or losses, -)	$93
Income before extraordinary items	$7,041
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$7,041
Minority interest net income	$0
Net income	$7,041
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$6,948

Diamond Bank's gross interest income from loans was $25,619,000.
Diamond Bank's net interest income from loans was $20,301,000.
Diamond Bank's fee based income from loans was $1,125,000.
Diamond Bank's net income from loans was $7,041,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$5,318
Provision for credit losses	$641
Total noninterest expense	$15,595
Salaries and employee benefits	$8,874
Premises and equipment expense	$2,460
Additional noninterest expense	$4,261
Applicable income taxes	$0
Net charge-offs	$312
Cash dividends	$5,400

Diamond Bank's interest expense for loans was $5,318,000.
Diamond Bank's payroll and benefits expense were $8,874,000.
Diamond Bank's property, plant and equipment expenses $2,460,000.

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	0.0%
Nonfarm, nonresidential loans	4.0%
Multifamily residential loans	0.0%
1-4 family residential loans	1.0%
HELOC loans	0.0%
All other family	1.0%
Commercial & industrial loans	0.0%
Personal loans	1.0%
Credit card loans	0.0%
Other individual loans	1.0%
Auto loans	1.0%
Other consumer loans	0.0%
Unsecured commercial real estate loans	0.0%

Deposits

Type	Value (in 000's)
Total deposits	$524,068
Deposits held in domestic offices	$524,068
Deposits by Individuals, partnerships, and corporations	$440,526
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$71,595
Deposits by Commercial banks and other depository institutions in U.S.	$11,947
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$162,742
Demand deposits	$96,459
Nontransaction accounts	$361,326
Money market deposit accounts (MMDAs)	$35,708
Other savings deposits (excluding MMDAs)	$53,423
Total time deposits	$272,194
Total time and savings deposits	$427,609
Noninterest-bearing deposits	$96,459
Interest-bearing deposits	$427,609
Retail deposits	$468,280
IRAs and Keogh plan accounts	$32,566
Brokered deposits	$4,037
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$604,904
Cash & Balances due from depository institutions	$12,934
Interest-bearing balances	$3,881
Total securities	$136,913
Federal funds sold & reverse repurchase	$0
Net loans and leases	$427,094
Loan and leases loss allowance	$4,849
Trading account assets	$0
Bank premises and fixed assets	$10,492
Other real estate owned	$100
Goodwill and other intangibles	$0
All other assets	$17,371

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$604,904
Total Liabilities	$546,228
Total deposits	$524,068
Interest-bearing deposits	$427,609
Deposits held in domestic offices	$524,068
% insured (estimated)	$83
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$19,864
Subordinated debt	$0
All other liabilities	$2,296

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$427,094
Loan and leases loss allowance	$4,849
Total loans and leases (domestic)	$431,943
All real estate loans	$371,205
Real estate loans in domestic offices	$371,205
Construction and development loans	$16,876
Residential 1-4 family construction	$6,069
Other construction, all land development and other land	$10,807
Loans secured by nonfarm nonresidential properties	$88,342
Nonfarm nonresidential secured by owner-occupied properties	$69,697
Commercial real estate & other non-farm, non-residential	$18,645
Multifamily residential real estate	$12,154
1-4 family residential loans	$119,008
Farmland loans	$134,825
Loans held in foreign offices	$0
Farm loans	$10,293
Commercial and industrial loans	$36,416
To non-U.S. addressees	$0
Loans to individuals	$13,387
Credit card loans	$0
Related Plans	$0
Consumer Auto Loans	$3,787
Other loans to individuals	$9,600
All other loans & leases	$642
Loans to foreign governments and official institutions	$0
Other loans	$242
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	$1,299
Non 1-4 family restructured loans & leases	$388
Total loans and leases (foreign)	$0

Diamond Bank had $427,094,000 of loans outstanding in 2018. $371,205,000 of loans were in real estate loans. $16,876,000 of loans were in development loans. $12,154,000 of loans were in multifamily mortgage loans. $119,008,000 of loans were in 1-4 family mortgage loans. $10,293,000 of loans were in farm loans. $0 of loans were in credit card loans. $3,787,000 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	362	$51,047	$141,014
Nonfarm, nonresidential loans - <$100k	167	$6,477	$38,784
Nonfarm, nonresidential loans - $100-250k	112	$14,399	$128,563
Nonfarm, nonresidential loans - $250k-1MM	83	$30,171	$363,506
Commercial & Industrial, US addressed loans - <$1MM	866	$27,396	$31,635
Commercial & Industrial, US addressed loans - <$100k	785	$14,104	$17,967
Commercial & Industrial, US addressed loans - $100-250k	57	$6,034	$105,860
Commercial & Industrial, US addressed loans - $250k-1MM	24	$7,258	$302,417
Farmland loans - <$1MM	614	$50,683	$82,546
Farmland loans - <$100k	410	$12,984	$31,668
Farmland loans - $100-250k	122	$15,146	$124,148
Farmland loans - $250k-1MM	82	$22,553	$275,037
Agriculture operations loans - <$1MM	441	$10,266	$23,279
Agriculture operations loans - <$100k	419	$6,901	$16,470
Agriculture operations loans - $100-250k	18	$2,078	$115,444
Agriculture operations loans - $250k-1MM	4	$1,287	$321,750