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: Denver, Texarkana, Russellville, Hot Springs, and Washington among others. We have data for 13 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

313

Origination Dollar Volume (All Markets)

$52,095,000

Employee count

151

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	153	$14,685,000	$95,980	$0	0.00%
DENVER-AURORA-LAKEWOOD, CO (FHA\|USDA\|VA)	1	$6,805,000	$6,805,000	$0	0.00%
TEXARKANA, TX-AR (FHA\|USDA\|VA)	36	$6,740,000	$187,222	$0	0.00%
Russellville, AR (FHA\|USDA\|VA)	30	$6,400,000	$213,333	$0	0.00%
HOT SPRINGS, AR (FHA\|USDA\|VA)	43	$6,385,000	$148,488	$0	0.00%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA\|USDA\|VA)	1	$6,005,000	$6,005,000	$0	0.00%
Hope, AR (FHA\|USDA\|VA)	34	$2,320,000	$68,235	$0	0.00%
Dallas-Fort Worth-Arlington, TX (FHA\|USDA\|VA)	3	$1,055,000	$351,667	$0	0.00%
Malvern, AR (FHA\|USDA\|VA)	6	$760,000	$126,667	$0	0.00%
Arkadelphia, AR (FHA\|USDA\|VA)	2	$320,000	$160,000	$0	0.00%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA\|USDA\|VA)	1	$255,000	$255,000	$0	0.00%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA\|USDA\|VA)	2	$240,000	$120,000	$0	0.00%
Searcy, AR (FHA\|USDA\|VA)	1	$125,000	$125,000	$0	0.00%

Diamond Bank's top markets include Denver, Texarkana, Russellville, Hot Springs, and Washington among others.

Their top states include:

Arkansas (FHA|USDA|VA)

Colorado (FHA|USDA|VA)

Virginia (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	313	$52,095,000	$166,438	$0	0.00%

For 2020, Diamond Bank's most frequently originated type of loan was Conventional, with 313 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	184	$31,200,000	$169,565	$0	0.00%
Refi	103	$13,245,000	$128,592	$0	0.00%
Home Improvement	21	$7,395,000	$352,143	$0	0.00%
Other	5	$255,000	$51,000	$0	0.00%

For 2020, Diamond Bank's most frequently cited loan purpose was Home Purchase, with 184 originations. The 2nd most popular reason was Refi, with 103 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	313	$52,095,000	$166,438	$0	0.00%

For 2020, Diamond Bank's most frequently cited loan duration was Other, with 313 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	188	$9,680,000	$51,489	$0	0.00%
$100k-200k	84	$11,470,000	$136,548	$0	0.00%
$200k-400k	24	$6,350,000	$264,583	$0	0.00%
$400k-600k	9	$4,225,000	$469,444	$0	0.00%
$1MM+	5	$18,355,000	$3,671,000	$0	0.00%
$600k-1MM	3	$2,015,000	$671,667	$0	0.00%

2020 saw Diamond Bank place emphasis on $100,000 or less loans with 188 originations, totaling $9,680,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k or less	80	$4,590,000	$57,375	$0	0.00%
$50k-75k	70	$6,290,000	$89,857	$0	0.00%
$75k-100k	44	$4,610,000	$104,773	$0	0.00%
$100k-150k	37	$4,525,000	$122,297	$0	0.00%
$150k-250k	29	$4,945,000	$170,517	$0	0.00%
$250k+	12	$5,260,000	$438,333	$0	0.00%

Diamond Bank lent most frequently to those with incomes in the $50k or less range, with 80 originations. The second most popular income band? $50k-75k, with 70 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	313	$52,095,000	$166,438	$0	0.00%

Diamond Bank lent most frequently to those with DTI ratios of Exempt%, with 313 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	271	$31,895,000	$117,694	$0	0.00%
Not applicable	27	$19,055,000	$705,741	$0	0.00%
Black	12	$960,000	$80,000	$0	0.00%
American Indian	2	$100,000	$50,000	$0	0.00%
Chinese	1	$85,000	$85,000	$0	0.00%

Approval Rates

Total approvals of all applications
89.93%

Diamond Bank has an average approval rate.

Pick Rate

Approvals leading to origination
77.96%

Diamond Bank has a below average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	313	$52,095,000	$166,438

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Manufactured	3	$1,265,000	$421,667
Multifamily:Site-Built	20	$19,370,000	$968,500
Single Family (1-4 Units):Manufactured	35	$2,265,000	$64,714
Single Family (1-4 Units):Site-Built	255	$29,195,000	$114,490

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
Diamond Bank	4820 Texas Blvd Texarkana, TX 75503	Full Service B&M	$11,471
Diamond Bank	404 E. Collin Raye Drive Dequeen, AR 71832	Full Service B&M	$22,879
Diamond Bank	100 W Runnels Street Mineral Springs, AR 71851	Full Service B&M	$26,932
Diamond Bank	1200 Airport Road Hot Springs, AR 71913	Full Service B&M	$46,735
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	$14,972
Diamond Bank	203 Highway 71 North Mena, AR 71953	Full Service B&M	$25,196
Diamond Bank	205 Highway 70 East Glenwood, AR 71943	Full Service B&M	$97,394
Diamond Bank	2209 East Pkwy Drive Russellville, AR 72802	Full Service B&M	$36,158
Diamond Bank	23 Elm Street Hector, AR 72843	Full Service B&M	$4,894
Diamond Bank	2350 Malvern Avenue Suite B Hot Springs, AR 71901	Full Service B&M	$40,390
Diamond Bank	301 North Main Nashville, AR 71852	Full Service B&M	$110,317
Diamond Bank	319 East Main Street Murfreesboro, AR 71958	Full Service B&M	$63,445
Diamond Bank	400 South Main Hope, AR 71801	Full Service B&M	$41,606
Diamond Bank	Highway 270 East And Cedar Street Mount Ida, AR 71957	Full Service B&M	$37,427
Diamond Bank	Highway 4 Dierks, AR 71833	Full Service B&M	$16,686

For 2020, Diamond Bank had 16 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$29,343
Net interest income	$22,560
Total noninterest income	$3,649
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$1,464
Trading account gains and fees	$0
Additional Noninterest Income	$2,185
Pre-tax net operating income	$7,699
Securities gains (or losses, -)	$573
Income before extraordinary items	$8,272
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$8,272
Minority interest net income	$0
Net income	$8,272
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$7,699

Diamond Bank's gross interest income from loans was $29,343,000.
Diamond Bank's net interest income from loans was $22,560,000.
Diamond Bank's fee based income from loans was $1,464,000.
Diamond Bank's net income from loans was $8,272,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$6,783
Provision for credit losses	$2,236
Total noninterest expense	$16,274
Salaries and employee benefits	$9,461
Premises and equipment expense	$2,409
Additional noninterest expense	$4,404
Applicable income taxes	$0
Net charge-offs	$506
Cash dividends	$3,500

Diamond Bank's interest expense for loans was $6,783,000.
Diamond Bank's payroll and benefits expense were $9,461,000.
Diamond Bank's property, plant and equipment expenses $2,409,000.

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	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	0.0%
Other consumer loans	0.0%
Unsecured commercial real estate loans	0.0%

Deposits

Type	Value (in 000's)
Total deposits	$616,890
Deposits held in domestic offices	$616,890
Deposits by Individuals, partnerships, and corporations	$536,220
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$74,498
Deposits by Commercial banks and other depository institutions in U.S.	$6,172
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$251,696
Demand deposits	$140,499
Nontransaction accounts	$365,194
Money market deposit accounts (MMDAs)	$43,018
Other savings deposits (excluding MMDAs)	$69,514
Total time deposits	$252,661
Total time and savings deposits	$476,391
Noninterest-bearing deposits	$140,499
Interest-bearing deposits	$476,391
Retail deposits	$567,621
IRAs and Keogh plan accounts	$38,230
Brokered deposits	$4,161
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$704,546
Cash & Balances due from depository institutions	$22,028
Interest-bearing balances	$15,390
Total securities	$150,498
Federal funds sold & reverse repurchase	$0
Net loans and leases	$497,296
Loan and leases loss allowance	$6,567
Trading account assets	$0
Bank premises and fixed assets	$9,957
Other real estate owned	$695
Goodwill and other intangibles	$0
All other assets	$24,072

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$704,546
Total Liabilities	$629,679
Total deposits	$616,890
Interest-bearing deposits	$476,391
Deposits held in domestic offices	$616,890
% insured (estimated)	$82
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$10,036
Subordinated debt	$0
All other liabilities	$2,753

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$497,296
Loan and leases loss allowance	$6,567
Total loans and leases (domestic)	$503,863
All real estate loans	$424,777
Real estate loans in domestic offices	$424,777
Construction and development loans	$22,615
Residential 1-4 family construction	$9,026
Other construction, all land development and other land	$13,589
Loans secured by nonfarm nonresidential properties	$88,016
Nonfarm nonresidential secured by owner-occupied properties	$69,300
Commercial real estate & other non-farm, non-residential	$18,716
Multifamily residential real estate	$22,323
1-4 family residential loans	$122,199
Farmland loans	$169,624
Loans held in foreign offices	$0
Farm loans	$10,280
Commercial and industrial loans	$53,777
To non-U.S. addressees	$0
Loans to individuals	$14,807
Credit card loans	$0
Related Plans	$0
Consumer Auto Loans	$4,340
Other loans to individuals	$10,467
All other loans & leases	$222
Loans to foreign governments and official institutions	$0
Other loans	$167
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	$5,216
Non 1-4 family restructured loans & leases	$3,936
Total loans and leases (foreign)	$0

Diamond Bank had $497,296,000 of loans outstanding in 2020. $424,777,000 of loans were in real estate loans. $22,615,000 of loans were in development loans. $22,323,000 of loans were in multifamily mortgage loans. $122,199,000 of loans were in 1-4 family mortgage loans. $10,280,000 of loans were in farm loans. $0 of loans were in credit card loans. $4,340,000 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	341	$48,969	$143,604
Nonfarm, nonresidential loans - <$100k	154	$5,801	$37,669
Nonfarm, nonresidential loans - $100-250k	100	$12,737	$127,370
Nonfarm, nonresidential loans - $250k-1MM	87	$30,431	$349,782
Commercial & Industrial, US addressed loans - <$1MM	1,206	$45,601	$37,812
Commercial & Industrial, US addressed loans - <$100k	1,089	$22,215	$20,399
Commercial & Industrial, US addressed loans - $100-250k	77	$8,208	$106,597
Commercial & Industrial, US addressed loans - $250k-1MM	40	$15,178	$379,450
Farmland loans - <$1MM	661	$59,307	$89,723
Farmland loans - <$100k	439	$15,492	$35,289
Farmland loans - $100-250k	137	$18,114	$132,219
Farmland loans - $250k-1MM	85	$25,701	$302,365
Agriculture operations loans - <$1MM	461	$9,980	$21,649
Agriculture operations loans - <$100k	445	$8,059	$18,110
Agriculture operations loans - $100-250k	14	$1,464	$104,571
Agriculture operations loans - $250k-1MM	2	$457	$228,500