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: Hot Springs, Texarkana, Russellville, Hope, and Fayetteville among others. We have data for 10 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

    301

    Origination Dollar Volume (All Markets)

    $43,625,000

    Employee count

    158

    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 143 $16,745,000 $117,098 $0 0.00%
    HOT SPRINGS, AR (FHA|USDA|VA) 36 $11,910,000 $330,833 $0 0.00%
    TEXARKANA, TX-AR (FHA|USDA|VA) 43 $5,585,000 $129,884 $0 0.00%
    Russellville, AR (FHA|USDA|VA) 36 $3,940,000 $109,444 $0 0.00%
    Hope, AR (FHA|USDA|VA) 27 $2,025,000 $75,000 $0 0.00%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $1,765,000 $1,765,000 $0 0.00%
    Malvern, AR (FHA|USDA|VA) 9 $815,000 $90,556 $0 0.00%
    Arkadelphia, AR (FHA|USDA|VA) 4 $370,000 $92,500 $0 0.00%
    JONESBORO, AR (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
    Diamond Bank's top markets include Hot Springs, Texarkana, Russellville, Hope, and Fayetteville 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 301 $43,625,000 $144,934 $0 0.00%

    For 2021, Diamond Bank's most frequently originated type of loan was Conventional, with 301 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 172 $24,670,000 $143,430 $0 0.00%
    Refi 102 $17,570,000 $172,255 $0 0.00%
    Home Improvement 19 $775,000 $40,789 $0 0.00%
    Other 8 $610,000 $76,250 $0 0.00%

    For 2021, Diamond Bank's most frequently cited loan purpose was Home Purchase, with 172 originations. The 2nd most popular reason was Refi, with 102 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 301 $43,625,000 $144,934 $0 0.00%

    For 2021, Diamond Bank's most frequently cited loan duration was Other, with 301 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 177 $8,995,000 $50,819 $0 0.00%
    $100k-200k 78 $10,420,000 $133,590 $0 0.00%
    $200k-400k 28 $7,690,000 $274,643 $0 0.00%
    $400k-600k 9 $4,425,000 $491,667 $0 0.00%
    $600k-1MM 6 $4,470,000 $745,000 $0 0.00%
    $1MM+ 3 $7,625,000 $2,541,667 $0 0.00%

    2021 saw Diamond Bank place emphasis on $100,000 or less loans with 177 originations, totaling $8,995,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 79 $4,375,000 $55,380 $0 0.00%
    $50k-75k 70 $6,320,000 $90,286 $0 0.00%
    $75k-100k 50 $6,070,000 $121,400 $0 0.00%
    $150k-250k 30 $5,630,000 $187,667 $0 0.00%
    $100k-150k 28 $2,830,000 $101,071 $0 0.00%
    $250k+ 16 $9,140,000 $571,250 $0 0.00%

    Diamond Bank lent most frequently to those with incomes in the $50k or less range, with 79 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% 301 $43,625,000 $144,934 $0 0.00%

    Diamond Bank lent most frequently to those with DTI ratios of Exempt%, with 301 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 262 $33,260,000 $126,947 $0 0.00%
    Not applicable 24 $8,220,000 $342,500 $0 0.00%
    Black 13 $1,315,000 $101,154 $0 0.00%
    Asian Indian 1 $505,000 $505,000 $0 0.00%
    Asian 1 $325,000 $325,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    88.97%

    Diamond Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    78.41%

    Diamond Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 301 $43,625,000 $144,934

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    301 $43,625,000 $144,934

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Diamond Bank 100 W Runnels Street Mineral Springs, AR 71851 Full Service B&M $27,323
    Diamond Bank 1200 Airport Road Hot Springs, AR 71913 Full Service B&M $54,549
    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 $14,257
    Diamond Bank 203 Highway 71 North Mena, AR 71953 Full Service B&M $25,160
    Diamond Bank 205 Highway 70 East Glenwood, AR 71943 Full Service B&M $106,428
    Diamond Bank 2209 East Pkwy Drive Russellville, AR 72802 Full Service B&M $35,573
    Diamond Bank 23 Elm Street Hector, AR 72843 Full Service B&M $5,359
    Diamond Bank 2350 Malvern Avenue Suite B Hot Springs, AR 71901 Full Service B&M $46,640
    Diamond Bank 301 North Main Nashville, AR 71852 Full Service B&M $123,350
    Diamond Bank 319 East Main Street Murfreesboro, AR 71958 Full Service B&M $63,784
    Diamond Bank 400 South Main Hope, AR 71801 Full Service B&M $41,823
    Diamond Bank 404 E. Collin Raye Drive Dequeen, AR 71832 Full Service B&M $24,283
    Diamond Bank 4820 Texas Blvd Texarkana, TX 75503 Full Service B&M $13,038
    Diamond Bank Highway 270 East And Cedar Street Mount Ida, AR 71957 Full Service B&M $41,229
    Diamond Bank Highway 4 Dierks, AR 71833 Full Service B&M $16,997

    For 2021, Diamond Bank had 16 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $30,282
    Net interest income $25,565
    Total noninterest income $4,088
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,524
    Trading account gains and fees $0
    Additional Noninterest Income $2,564
    Pre-tax net operating income $10,920
    Securities gains (or losses, -) $150
    Income before extraordinary items $11,070
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $11,070
    Minority interest net income $0
    Net income $11,070
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $10,920

    Diamond Bank's gross interest income from loans was $30,282,000.
    Diamond Bank's net interest income from loans was $25,565,000.
    Diamond Bank's fee based income from loans was $1,524,000.
    Diamond Bank's net income from loans was $11,070,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,717
    Provision for credit losses $937
    Total noninterest expense $17,796
    Salaries and employee benefits $10,278
    Premises and equipment expense $2,358
    Additional noninterest expense $5,160
    Applicable income taxes $0
    Net charge-offs $649
    Cash dividends $4,950

    Diamond Bank's interest expense for loans was $4,717,000.
    Diamond Bank's payroll and benefits expense were $10,278,000.
    Diamond Bank's property, plant and equipment expenses $2,358,000.

    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 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 $668,103
    Deposits held in domestic offices $668,103
    Deposits by Individuals, partnerships, and corporations $577,069
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $87,018
    Deposits by Commercial banks and other depository institutions in U.S. $4,016
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $275,077
    Demand deposits $160,376
    Nontransaction accounts $393,026
    Money market deposit accounts (MMDAs) $61,339
    Other savings deposits (excluding MMDAs) $83,009
    Total time deposits $248,678
    Total time and savings deposits $507,727
    Noninterest-bearing deposits $160,376
    Interest-bearing deposits $507,727
    Retail deposits $614,785
    IRAs and Keogh plan accounts $37,932
    Brokered deposits $1
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $759,875
    Cash & Balances due from depository institutions $33,984
    Interest-bearing balances $26,104
    Total securities $153,503
    Federal funds sold & reverse repurchase $0
    Net loans and leases $533,109
    Loan and leases loss allowance $6,855
    Trading account assets $0
    Bank premises and fixed assets $12,291
    Other real estate owned $395
    Goodwill and other intangibles $0
    All other assets $26,593

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $759,875
    Total Liabilities $681,118
    Total deposits $668,103
    Interest-bearing deposits $507,727
    Deposits held in domestic offices $668,103
    % insured (estimated) $81
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $10,000
    Subordinated debt $0
    All other liabilities $3,015

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $533,109
    Loan and leases loss allowance $6,855
    Total loans and leases (domestic) $539,964
    All real estate loans $465,222
    Real estate loans in domestic offices $465,222
    Construction and development loans $25,458
    Residential 1-4 family construction $10,463
    Other construction, all land development and other land $14,995
    Loans secured by nonfarm nonresidential properties $87,519
    Nonfarm nonresidential secured by owner-occupied properties $67,651
    Commercial real estate & other non-farm, non-residential $19,868
    Multifamily residential real estate $33,909
    1-4 family residential loans $127,384
    Farmland loans $190,952
    Loans held in foreign offices $0
    Farm loans $11,392
    Commercial and industrial loans $40,032
    To non-U.S. addressees $0
    Loans to individuals $14,898
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $4,464
    Other loans to individuals $10,434
    All other loans & leases $8,420
    Loans to foreign governments and official institutions $0
    Other loans $188
    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 $5,702
    Non 1-4 family restructured loans & leases $4,400
    Total loans and leases (foreign) $0

    Diamond Bank had $533,109,000 of loans outstanding in 2021. $465,222,000 of loans were in real estate loans. $25,458,000 of loans were in development loans. $33,909,000 of loans were in multifamily mortgage loans. $127,384,000 of loans were in 1-4 family mortgage loans. $11,392,000 of loans were in farm loans. $0 of loans were in credit card loans. $4,464,000 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 321 $47,096 $146,717
    Nonfarm, nonresidential loans - <$100k 139 $5,146 $37,022
    Nonfarm, nonresidential loans - $100-250k 100 $12,861 $128,610
    Nonfarm, nonresidential loans - $250k-1MM 82 $29,089 $354,744
    Commercial & Industrial, US addressed loans - <$1MM 1,031 $30,205 $29,297
    Commercial & Industrial, US addressed loans - <$100k 951 $18,047 $18,977
    Commercial & Industrial, US addressed loans - $100-250k 58 $6,147 $105,983
    Commercial & Industrial, US addressed loans - $250k-1MM 22 $6,011 $273,227
    Farmland loans - <$1MM 596 $59,499 $99,831
    Farmland loans - <$100k 355 $12,869 $36,251
    Farmland loans - $100-250k 145 $18,877 $130,186
    Farmland loans - $250k-1MM 96 $27,753 $289,094
    Agriculture operations loans - <$1MM 472 $11,276 $23,890
    Agriculture operations loans - <$100k 452 $8,522 $18,854
    Agriculture operations loans - $100-250k 15 $1,620 $108,000
    Agriculture operations loans - $250k-1MM 5 $1,134 $226,800