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, Savannah, Albany, Douglas, and Milledgeville among others. We have data for 20 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

182

Origination Dollar Volume (All Markets)

$33,750,000

Employee count

57

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) 122 $26,270,000 $215,328 $0 0.00%
Outside of Metro Areas 29 $2,835,000 $97,759 $0 0.00%
SAVANNAH, GA (FHA|USDA|VA) 2 $530,000 $265,000 $0 0.00%
ALBANY, GA (FHA|USDA|VA) 3 $515,000 $171,667 $0 0.00%
Douglas, GA (FHA|USDA|VA) 9 $455,000 $50,556 $0 0.00%
Milledgeville, GA (FHA|USDA|VA) 1 $385,000 $385,000 $0 0.00%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $355,000 $355,000 $0 0.00%
PANAMA CITY, FL (FHA|USDA|VA) 1 $345,000 $345,000 $0 0.00%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $335,000 $335,000 $0 0.00%
Tifton, GA (FHA|USDA|VA) 1 $295,000 $295,000 $0 0.00%
Cordele, GA (FHA|USDA|VA) 1 $235,000 $235,000 $0 0.00%
COLUMBUS, GA-AL (FHA|USDA|VA) 1 $235,000 $235,000 $0 0.00%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
Cullman, AL (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
BRUNSWICK, GA (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
WARNER ROBINS, GA (FHA|USDA|VA) 3 $105,000 $35,000 $0 0.00%
HINESVILLE, GA (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
DOTHAN, AL (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
Moultrie, GA (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
Guardian Bank's top markets include Valdosta, Savannah, Albany, Douglas, and Milledgeville among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 182 $33,750,000 $185,440 $0 0.00%

    For 2020, Guardian Bank's most frequently originated type of loan was Conventional, with 182 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 118 $19,880,000 $168,475 $0 0.00%
    Home Purchase 58 $13,610,000 $234,655 $0 0.00%
    Home Improvement 3 $115,000 $38,333 $0 0.00%
    Other 3 $145,000 $48,333 $0 0.00%

    For 2020, Guardian Bank's most frequently cited loan purpose was Refi, with 118 originations. The 2nd most popular reason was Home Purchase, with 58 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 182 $33,750,000 $185,440 $0 0.00%

    For 2020, Guardian Bank's most frequently cited loan duration was Other, with 182 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 88 $4,660,000 $52,955 $0 0.00%
    $100k-200k 39 $5,685,000 $145,769 $0 0.00%
    $200k-400k 36 $9,780,000 $271,667 $0 0.00%
    $400k-600k 12 $5,780,000 $481,667 $0 0.00%
    $600k-1MM 4 $2,710,000 $677,500 $0 0.00%
    $1MM+ 3 $5,135,000 $1,711,667 $0 0.00%

    2020 saw Guardian Bank place emphasis on $100,000 or less loans with 88 originations, totaling $4,660,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 22 $1,500,000 $68,182 $0 0.00%
    $50k or less 21 $1,595,000 $75,952 $0 0.00%
    $75k-100k 20 $2,400,000 $120,000 $0 0.00%
    $250k+ 18 $3,950,000 $219,444 $0 0.00%
    $100k-150k 17 $2,195,000 $129,118 $0 0.00%
    $150k-250k 8 $1,690,000 $211,250 $0 0.00%

    Guardian Bank lent most frequently to those with incomes in the $50k-75k range, with 22 originations. The second most popular income band? $50k or less, with 21 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 182 $33,750,000 $185,440 $0 0.00%

    Guardian Bank lent most frequently to those with DTI ratios of Exempt%, with 182 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 72 $20,220,000 $280,833 $0 0.00%
    White 86 $11,560,000 $134,419 $0 0.00%
    Asian 5 $1,185,000 $237,000 $0 0.00%
    Black 18 $760,000 $42,222 $0 0.00%
    Asian Indian 1 $25,000 $25,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.89%

    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
    97.80%

    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 182 $33,750,000 $185,440

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 4 $3,720,000 $930,000
    Multifamily:Site-Built 23 $8,915,000 $387,609
    Single Family (1-4 Units):Manufactured 18 $1,260,000 $70,000
    Single Family (1-4 Units):Site-Built 137 $19,855,000 $144,927

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    GARDEN STATE HOME LOANS INCORPORATED Conventional home mortgage Closing on a mortgage 1 50.0%
    GARDEN STATE HOME LOANS INCORPORATED FHA mortgage Closing on a mortgage 1 50.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Guardian Bank 180 Mathewson Ave, Sw Pelham, GA 31779 Full Service B&M $71,781
    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 $47,030
    Guardian Bank 701 Wildwood Plantation Drive Valdosta, GA 31602 Full Service B&M $256,900
    Guardian Bank 82 Railroad Ave. East Pearson, GA 31642 Full Service B&M $29,678

    For 2020, Guardian Bank had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $17,271
    Net interest income $15,033
    Total noninterest income $1,466
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $417
    Trading account gains and fees $0
    Additional Noninterest Income $1,049
    Pre-tax net operating income $6,327
    Securities gains (or losses, -) $225
    Income before extraordinary items $6,552
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $6,552
    Minority interest net income $0
    Net income $6,552
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $6,327

    Guardian Bank's gross interest income from loans was $17,271,000.
    Guardian Bank's net interest income from loans was $15,033,000.
    Guardian Bank's fee based income from loans was $417,000.
    Guardian Bank's net income from loans was $6,552,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,238
    Provision for credit losses $570
    Total noninterest expense $9,602
    Salaries and employee benefits $4,470
    Premises and equipment expense $905
    Additional noninterest expense $4,227
    Applicable income taxes $0
    Net charge-offs $500
    Cash dividends $1,446

    Guardian Bank's interest expense for loans was $2,238,000.
    Guardian Bank's payroll and benefits expense were $4,470,000.
    Guardian Bank's property, plant and equipment expenses $905,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 2.0%
    Real Estate loans 2.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 3.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 2.0%
    Personal loans 1.0%
    Credit card loans 0.0%
    Other individual loans 1.0%
    Auto loans 3.0%
    Other consumer loans 1.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $414,677
    Deposits held in domestic offices $414,677
    Deposits by Individuals, partnerships, and corporations $366,828
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $43,337
    Deposits by Commercial banks and other depository institutions in U.S. $4,512
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $188,253
    Demand deposits $188,253
    Nontransaction accounts $226,424
    Money market deposit accounts (MMDAs) $94,257
    Other savings deposits (excluding MMDAs) $25,888
    Total time deposits $106,280
    Total time and savings deposits $226,424
    Noninterest-bearing deposits $78,957
    Interest-bearing deposits $335,720
    Retail deposits $378,190
    IRAs and Keogh plan accounts $14,886
    Brokered deposits $10
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $468,287
    Cash & Balances due from depository institutions $30,194
    Interest-bearing balances $24,437
    Total securities $125,654
    Federal funds sold & reverse repurchase $0
    Net loans and leases $297,625
    Loan and leases loss allowance $5,084
    Trading account assets $0
    Bank premises and fixed assets $5,016
    Other real estate owned $1,017
    Goodwill and other intangibles $0
    All other assets $8,781

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $468,287
    Total Liabilities $416,147
    Total deposits $414,677
    Interest-bearing deposits $335,720
    Deposits held in domestic offices $414,677
    % insured (estimated) $71
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $1,470

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $297,625
    Loan and leases loss allowance $5,084
    Total loans and leases (domestic) $302,709
    All real estate loans $249,753
    Real estate loans in domestic offices $249,753
    Construction and development loans $19,645
    Residential 1-4 family construction $3,327
    Other construction, all land development and other land $16,318
    Loans secured by nonfarm nonresidential properties $117,780
    Nonfarm nonresidential secured by owner-occupied properties $56,468
    Commercial real estate & other non-farm, non-residential $61,312
    Multifamily residential real estate $23,717
    1-4 family residential loans $72,678
    Farmland loans $15,933
    Loans held in foreign offices $0
    Farm loans $861
    Commercial and industrial loans $44,449
    To non-U.S. addressees $0
    Loans to individuals $6,762
    Credit card loans $0
    Related Plans $154
    Consumer Auto Loans $2,444
    Other loans to individuals $4,164
    All other loans & leases $947
    Loans to foreign governments and official institutions $0
    Other loans $19
    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 $297,625,000 of loans outstanding in 2020. $249,753,000 of loans were in real estate loans. $19,645,000 of loans were in development loans. $23,717,000 of loans were in multifamily mortgage loans. $72,678,000 of loans were in 1-4 family mortgage loans. $861,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,444,000 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 194 $37,045 $190,954
    Nonfarm, nonresidential loans - <$100k 51 $2,194 $43,020
    Nonfarm, nonresidential loans - $100-250k 61 $7,679 $125,885
    Nonfarm, nonresidential loans - $250k-1MM 82 $27,172 $331,366
    Commercial & Industrial, US addressed loans - <$1MM 412 $24,519 $59,512
    Commercial & Industrial, US addressed loans - <$100k 332 $7,574 $22,813
    Commercial & Industrial, US addressed loans - $100-250k 45 $4,644 $103,200
    Commercial & Industrial, US addressed loans - $250k-1MM 35 $12,301 $351,457
    Farmland loans - <$1MM 61 $5,194 $85,148
    Farmland loans - <$100k 35 $1,092 $31,200
    Farmland loans - $100-250k 18 $1,861 $103,389
    Farmland loans - $250k-1MM 8 $2,241 $280,125
    Agriculture operations loans - <$1MM 11 $861 $78,273
    Agriculture operations loans - <$100k 8 $295 $36,875
    Agriculture operations loans - $250k-1MM 3 $566 $188,667