Diamond Bank Mortgage Rates, Fees & Info

Murfreesboro, AR

LEI: 254900YY36UO9MBPH808

Tax ID: 71-0141380

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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

    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: Texarkana, Russellville, Hot Springs, Hope, and Arkadelphia 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.

    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

    323

    Origination Dollar Volume (All Markets)

    $27,405,000

    Employee count

    148

    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 166 $12,380,000 $74,578 $0 0.00%
    TEXARKANA, TX-AR (FHA|USDA|VA) 38 $4,720,000 $124,211 $0 0.00%
    Russellville, AR (FHA|USDA|VA) 36 $3,530,000 $98,056 $0 0.00%
    HOT SPRINGS, AR (FHA|USDA|VA) 32 $2,930,000 $91,563 $0 0.00%
    Hope, AR (FHA|USDA|VA) 32 $1,940,000 $60,625 $0 0.00%
    Arkadelphia, AR (FHA|USDA|VA) 11 $905,000 $82,273 $0 0.00%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 3 $535,000 $178,333 $0 0.00%
    Malvern, AR (FHA|USDA|VA) 4 $390,000 $97,500 $0 0.00%
    Camden, AR (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
    Diamond Bank's top markets include Texarkana, Russellville, Hot Springs, Hope, and Arkadelphia 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 323 $27,405,000 $84,845 $0 0.00%

    For 2019, Diamond Bank's most frequently originated type of loan was Conventional, with 323 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 170 $16,880,000 $99,294 $0 0.00%
    Refi 99 $8,405,000 $84,899 $0 0.00%
    Home Improvement 36 $1,480,000 $41,111 $0 0.00%
    Other 18 $640,000 $35,556 $0 0.00%

    For 2019, Diamond Bank's most frequently cited loan purpose was Home Purchase, with 170 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 323 $27,405,000 $84,845 $0 0.00%

    For 2019, Diamond Bank's most frequently cited loan duration was Other, with 323 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 232 $10,690,000 $46,078 $0 0.00%
    $100k-200k 61 $8,155,000 $133,689 $0 0.00%
    $200k-400k 27 $6,865,000 $254,259 $0 0.00%
    $400k-600k 2 $1,090,000 $545,000 $0 0.00%
    $600k-1MM 1 $605,000 $605,000 $0 0.00%

    2019 saw Diamond Bank place emphasis on $100,000 or less loans with 232 originations, totaling $10,690,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 105 $5,915,000 $56,333 $0 0.00%
    $50k-75k 78 $5,690,000 $72,949 $0 0.00%
    $75k-100k 40 $2,950,000 $73,750 $0 0.00%
    $100k-150k 35 $3,415,000 $97,571 $0 0.00%
    $150k-250k 23 $3,625,000 $157,609 $0 0.00%
    $250k+ 14 $1,780,000 $127,143 $0 0.00%

    Diamond Bank lent most frequently to those with incomes in the $50k or less range, with 105 originations. The second most popular income band? $50k-75k, with 78 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 323 $27,405,000 $84,845 $0 0.00%

    Diamond Bank lent most frequently to those with DTI ratios of Exempt%, with 323 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 281 $22,985,000 $81,797 $0 0.00%
    Not applicable 23 $2,755,000 $119,783 $0 0.00%
    Black 14 $1,340,000 $95,714 $0 0.00%
    American Indian 3 $175,000 $58,333 $0 0.00%
    Asian 1 $105,000 $105,000 $0 0.00%
    Other Pacific Islander 1 $45,000 $45,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.20%

    Diamond Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    81.42%

    Diamond Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 323 $27,405,000 $84,845

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 3 $525,000 $175,000
    Multifamily:Site-Built 12 $2,390,000 $199,167
    Single Family (1-4 Units):Manufactured 47 $2,205,000 $46,915
    Single Family (1-4 Units):Site-Built 261 $22,285,000 $85,383

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Diamond Bank 203 Highway 71 North Mena, AR 71953 Full Service B&M $24,453
    Diamond Bank 205 Highway 70 East Glenwood, AR 71943 Full Service B&M $85,393
    Diamond Bank 2209 East Pkwy Drive Russellville, AR 72802 Full Service B&M $39,048
    Diamond Bank 23 Elm Street Hector, AR 72843 Full Service B&M $1,490
    Diamond Bank 100 W Runnels Street Mineral Springs, AR 71851 Full Service B&M $24,894
    Diamond Bank 1200 Airport Road Hot Springs, AR 71913 Full Service B&M $44,075
    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 $10,969
    Diamond Bank 2350 Malvern Avenue Suite B Hot Springs, AR 71901 Full Service B&M $40,779
    Diamond Bank 301 North Main Nashville, AR 71852 Full Service B&M $94,383
    Diamond Bank 319 East Main Street Murfreesboro, AR 71958 Full Service B&M $58,506
    Diamond Bank 400 South Main Hope, AR 71801 Full Service B&M $36,884
    Diamond Bank 404 E. Collin Raye Drive Dequeen, AR 71832 Full Service B&M $18,581
    Diamond Bank 4820 Texas Blvd Texarkana, TX 75503 Full Service B&M $9,855
    Diamond Bank Highway 270 East And Cedar Street Mount Ida, AR 71957 Full Service B&M $39,269
    Diamond Bank Highway 4 Dierks, AR 71833 Full Service B&M $15,173

    For 2019, Diamond Bank had 16 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $29,081
    Net interest income $21,142
    Total noninterest income $3,866
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,789
    Trading account gains and fees $0
    Additional Noninterest Income $2,077
    Pre-tax net operating income $7,864
    Securities gains (or losses, -) $19
    Income before extraordinary items $7,883
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $7,883
    Minority interest net income $0
    Net income $7,883
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $7,864

    Diamond Bank's gross interest income from loans was $29,081,000.
    Diamond Bank's net interest income from loans was $21,142,000.
    Diamond Bank's fee based income from loans was $1,789,000.
    Diamond Bank's net income from loans was $7,883,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $7,939
    Provision for credit losses $672
    Total noninterest expense $16,472
    Salaries and employee benefits $9,519
    Premises and equipment expense $2,423
    Additional noninterest expense $4,530
    Applicable income taxes $0
    Net charge-offs $684
    Cash dividends $3,550

    Diamond Bank's interest expense for loans was $7,939,000.
    Diamond Bank's payroll and benefits expense were $9,519,000.
    Diamond Bank's property, plant and equipment expenses $2,423,000.

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

    Deposits

    Type Value (in 000's)
    Total deposits $556,656
    Deposits held in domestic offices $556,656
    Deposits by Individuals, partnerships, and corporations $471,484
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $74,519
    Deposits by Commercial banks and other depository institutions in U.S. $10,653
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $177,373
    Demand deposits $97,446
    Nontransaction accounts $379,283
    Money market deposit accounts (MMDAs) $45,506
    Other savings deposits (excluding MMDAs) $53,926
    Total time deposits $279,851
    Total time and savings deposits $459,210
    Noninterest-bearing deposits $97,446
    Interest-bearing deposits $459,210
    Retail deposits $503,076
    IRAs and Keogh plan accounts $36,004
    Brokered deposits $4,133
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $642,288
    Cash & Balances due from depository institutions $20,860
    Interest-bearing balances $13,177
    Total securities $136,004
    Federal funds sold & reverse repurchase $0
    Net loans and leases $456,128
    Loan and leases loss allowance $4,837
    Trading account assets $0
    Bank premises and fixed assets $10,518
    Other real estate owned $620
    Goodwill and other intangibles $0
    All other assets $18,158

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $642,288
    Total Liabilities $574,894
    Total deposits $556,656
    Interest-bearing deposits $459,210
    Deposits held in domestic offices $556,656
    % insured (estimated) $85
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $16,174
    Subordinated debt $0
    All other liabilities $2,064

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $456,128
    Loan and leases loss allowance $4,837
    Total loans and leases (domestic) $460,965
    All real estate loans $397,160
    Real estate loans in domestic offices $397,160
    Construction and development loans $25,771
    Residential 1-4 family construction $9,111
    Other construction, all land development and other land $16,660
    Loans secured by nonfarm nonresidential properties $90,107
    Nonfarm nonresidential secured by owner-occupied properties $69,315
    Commercial real estate & other non-farm, non-residential $20,792
    Multifamily residential real estate $10,620
    1-4 family residential loans $123,221
    Farmland loans $147,441
    Loans held in foreign offices $0
    Farm loans $9,004
    Commercial and industrial loans $40,425
    To non-U.S. addressees $0
    Loans to individuals $14,001
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $3,720
    Other loans to individuals $10,281
    All other loans & leases $375
    Loans to foreign governments and official institutions $0
    Other loans $228
    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 $4,158
    Non 1-4 family restructured loans & leases $2,970
    Total loans and leases (foreign) $0

    Diamond Bank had $456,128,000 of loans outstanding in 2019. $397,160,000 of loans were in real estate loans. $25,771,000 of loans were in development loans. $10,620,000 of loans were in multifamily mortgage loans. $123,221,000 of loans were in 1-4 family mortgage loans. $9,004,000 of loans were in farm loans. $0 of loans were in credit card loans. $3,720,000 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 374 $53,649 $143,447
    Nonfarm, nonresidential loans - <$100k 174 $6,668 $38,322
    Nonfarm, nonresidential loans - $100-250k 110 $13,948 $126,800
    Nonfarm, nonresidential loans - $250k-1MM 90 $33,033 $367,033
    Commercial & Industrial, US addressed loans - <$1MM 931 $30,727 $33,004
    Commercial & Industrial, US addressed loans - <$100k 846 $16,230 $19,184
    Commercial & Industrial, US addressed loans - $100-250k 55 $5,581 $101,473
    Commercial & Industrial, US addressed loans - $250k-1MM 30 $8,916 $297,200
    Farmland loans - <$1MM 649 $55,688 $85,806
    Farmland loans - <$100k 422 $14,121 $33,462
    Farmland loans - $100-250k 148 $19,270 $130,203
    Farmland loans - $250k-1MM 79 $22,297 $282,241
    Agriculture operations loans - <$1MM 460 $8,981 $19,524
    Agriculture operations loans - <$100k 448 $7,585 $16,931
    Agriculture operations loans - $100-250k 9 $804 $89,333
    Agriculture operations loans - $250k-1MM 3 $592 $197,333