Guardian Bank Mortgage Rates, Fees & Info

Valdosta, GA

LEI: 254900ZWDLZRZ1IY7113

Tax ID: 58-2619417

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Mortgage Data

Bank Data

Review & Overview

Guardian Bank is a smaller bank specializing in Refi and Home Purchase loans. Guardian Bank has a high proportion of conventional loans. Their top markets by origination volume include: Valdosta, Fitzgerald, Atlanta, Gulfport, and Jacksonville among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)

Guardian Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

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Originations

212

Origination Dollar Volume (All Markets)

$31,390,000

Employee count

58

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
VALDOSTA, GA (FHA|USDA|VA) 137 $20,935,000 $152,810 $0 0.00%
Outside of Metro Areas 48 $3,650,000 $76,042 $0 0.00%
Fitzgerald, GA (FHA|USDA|VA) 1 $2,205,000 $2,205,000 $0 0.00%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $1,365,000 $1,365,000 $0 0.00%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 2 $810,000 $405,000 $0 0.00%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $775,000 $775,000 $0 0.00%
Douglas, GA (FHA|USDA|VA) 13 $585,000 $45,000 $0 0.00%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $355,000 $355,000 $0 0.00%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
Moultrie, GA (FHA|USDA|VA) 2 $160,000 $80,000 $0 0.00%
ALBANY, GA (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
Waycross, GA (FHA|USDA|VA) 2 $110,000 $55,000 $0 0.00%
WARNER ROBINS, GA (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
Thomasville, GA (FHA|USDA|VA) 1 $25,000 $25,000 $0 0.00%
Guardian Bank's top markets include Valdosta, Fitzgerald, Atlanta, Gulfport, and Jacksonville among others.

Their top states include:
  • Georgia (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Mississippi (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 212 $31,390,000 $148,066 $0 0.00%

    For 2019, Guardian Bank's most frequently originated type of loan was Conventional, with 212 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 153 $24,875,000 $162,582 $0 0.00%
    Home Purchase 53 $6,435,000 $121,415 $0 0.00%
    Home Improvement 3 $35,000 $11,667 $0 0.00%
    Other 3 $45,000 $15,000 $0 0.00%

    For 2019, Guardian Bank's most frequently cited loan purpose was Refi, with 153 originations. The 2nd most popular reason was Home Purchase, with 53 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 212 $31,390,000 $148,066 $0 0.00%

    For 2019, Guardian Bank's most frequently cited loan duration was Other, with 212 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 136 $6,080,000 $44,706 $0 0.00%
    $100k-200k 43 $6,225,000 $144,767 $0 0.00%
    $200k-400k 19 $5,535,000 $291,316 $0 0.00%
    $400k-600k 6 $2,900,000 $483,333 $0 0.00%
    $1MM+ 4 $7,590,000 $1,897,500 $0 0.00%
    $600k-1MM 4 $3,060,000 $765,000 $0 0.00%

    2019 saw Guardian Bank place emphasis on $100,000 or less loans with 136 originations, totaling $6,080,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 36 $2,550,000 $70,833 $0 0.00%
    $50k or less 35 $1,485,000 $42,429 $0 0.00%
    $100k-150k 23 $2,525,000 $109,783 $0 0.00%
    $250k+ 21 $4,815,000 $229,286 $0 0.00%
    $150k-250k 20 $3,710,000 $185,500 $0 0.00%
    $75k-100k 17 $1,275,000 $75,000 $0 0.00%

    Guardian Bank lent most frequently to those with incomes in the $50k-75k range, with 36 originations. The second most popular income band? $50k or less, with 35 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 212 $31,390,000 $148,066 $0 0.00%

    Guardian Bank lent most frequently to those with DTI ratios of Exempt%, with 212 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 59 $14,975,000 $253,814 $0 0.00%
    White 126 $14,430,000 $114,524 $0 0.00%
    Black 23 $1,755,000 $76,304 $0 0.00%
    Native Hawaiian 1 $135,000 $135,000 $0 0.00%
    Asian 2 $70,000 $35,000 $0 0.00%
    Asian Indian 1 $25,000 $25,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    99.10%

    Guardian 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
    96.70%

    Guardian Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 212 $31,390,000 $148,066

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $205,000 $205,000
    Multifamily:Site-Built 17 $9,085,000 $534,412
    Single Family (1-4 Units):Manufactured 12 $530,000 $44,167
    Single Family (1-4 Units):Site-Built 182 $21,570,000 $118,516

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Guardian Bank 180 Mathewson Ave, Sw Pelham, GA 31779 Full Service B&M $66,233
    Guardian Bank 1906 North Ashley St Valdosta, GA 31602 Limited, Drive-thru $0
    Guardian Bank 246 Norman Drive Valdosta, GA 31601 Full Service B&M $46,816
    Guardian Bank 701 Wildwood Plantation Drive Valdosta, GA 31602 Full Service B&M $234,991
    Guardian Bank 82 Railroad Ave. East Pearson, GA 31642 Full Service B&M $30,910

    For 2019, Guardian Bank had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $17,905
    Net interest income $14,443
    Total noninterest income $1,675
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $521
    Trading account gains and fees $0
    Additional Noninterest Income $1,154
    Pre-tax net operating income $6,035
    Securities gains (or losses, -) $21
    Income before extraordinary items $6,056
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $6,056
    Minority interest net income $0
    Net income $6,056
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $6,035

    Guardian Bank's gross interest income from loans was $17,905,000.
    Guardian Bank's net interest income from loans was $14,443,000.
    Guardian Bank's fee based income from loans was $521,000.
    Guardian Bank's net income from loans was $6,056,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,462
    Provision for credit losses $383
    Total noninterest expense $9,700
    Salaries and employee benefits $4,495
    Premises and equipment expense $917
    Additional noninterest expense $4,288
    Applicable income taxes $0
    Net charge-offs $429
    Cash dividends $2,938

    Guardian Bank's interest expense for loans was $3,462,000.
    Guardian Bank's payroll and benefits expense were $4,495,000.
    Guardian Bank's property, plant and equipment expenses $917,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 2.0%
    Real Estate loans 3.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 6.0%
    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 1.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $382,654
    Deposits held in domestic offices $382,654
    Deposits by Individuals, partnerships, and corporations $332,797
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $45,830
    Deposits by Commercial banks and other depository institutions in U.S. $4,027
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $156,019
    Demand deposits $156,019
    Nontransaction accounts $226,635
    Money market deposit accounts (MMDAs) $91,384
    Other savings deposits (excluding MMDAs) $20,059
    Total time deposits $115,192
    Total time and savings deposits $226,635
    Noninterest-bearing deposits $67,489
    Interest-bearing deposits $315,165
    Retail deposits $339,364
    IRAs and Keogh plan accounts $15,874
    Brokered deposits $1,002
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $429,160
    Cash & Balances due from depository institutions $22,303
    Interest-bearing balances $16,597
    Total securities $110,161
    Federal funds sold & reverse repurchase $0
    Net loans and leases $281,444
    Loan and leases loss allowance $5,014
    Trading account assets $0
    Bank premises and fixed assets $5,256
    Other real estate owned $1,256
    Goodwill and other intangibles $0
    All other assets $8,740

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $429,160
    Total Liabilities $384,489
    Total deposits $382,654
    Interest-bearing deposits $315,165
    Deposits held in domestic offices $382,654
    % insured (estimated) $68
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $1,835

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $281,444
    Loan and leases loss allowance $5,014
    Total loans and leases (domestic) $286,458
    All real estate loans $236,792
    Real estate loans in domestic offices $236,792
    Construction and development loans $31,770
    Residential 1-4 family construction $2,940
    Other construction, all land development and other land $28,830
    Loans secured by nonfarm nonresidential properties $99,622
    Nonfarm nonresidential secured by owner-occupied properties $54,070
    Commercial real estate & other non-farm, non-residential $45,552
    Multifamily residential real estate $21,036
    1-4 family residential loans $64,674
    Farmland loans $19,690
    Loans held in foreign offices $0
    Farm loans $302
    Commercial and industrial loans $41,027
    To non-U.S. addressees $0
    Loans to individuals $7,333
    Credit card loans $0
    Related Plans $222
    Consumer Auto Loans $2,652
    Other loans to individuals $4,459
    All other loans & leases $1,052
    Loans to foreign governments and official institutions $0
    Other loans $67
    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

    Guardian Bank had $281,444,000 of loans outstanding in 2019. $236,792,000 of loans were in real estate loans. $31,770,000 of loans were in development loans. $21,036,000 of loans were in multifamily mortgage loans. $64,674,000 of loans were in 1-4 family mortgage loans. $302,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,652,000 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 221 $36,784 $166,443
    Nonfarm, nonresidential loans - <$100k 67 $2,471 $36,881
    Nonfarm, nonresidential loans - $100-250k 75 $8,857 $118,093
    Nonfarm, nonresidential loans - $250k-1MM 79 $25,456 $322,228
    Commercial & Industrial, US addressed loans - <$1MM 461 $23,934 $51,918
    Commercial & Industrial, US addressed loans - <$100k 389 $9,226 $23,717
    Commercial & Industrial, US addressed loans - $100-250k 44 $4,443 $100,977
    Commercial & Industrial, US addressed loans - $250k-1MM 28 $10,265 $366,607
    Farmland loans - <$1MM 62 $5,739 $92,565
    Farmland loans - <$100k 36 $1,206 $33,500
    Farmland loans - $100-250k 18 $2,283 $126,833
    Farmland loans - $250k-1MM 8 $2,250 $281,250
    Agriculture operations loans - <$1MM 6 $302 $50,333
    Agriculture operations loans - <$100k 5 $86 $17,200
    Agriculture operations loans - $100-250k 1 $216 $216,000