Chambers Bank Mortgage Rates, Fees & Info
Danville, ARLEI: 54930039OWZFM2IGRN69
Tax ID: 71-0042610
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Bank Data
Review & Overview
Chambers Bank is a smaller bank specializing in Home Purchase and Refi loans. Chambers Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Fayetteville, Little Rock, Fort Smith, Saginaw, and Russellville among others. We have data for 30 markets. (Some data included below & more in-depth data is available with an active subscription.)Chambers Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Chambers Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
---|---|---|
30 Year Conventional Purchase | 6.57% | 12/16/24 |
30 Year Conventional Refi | 6.48% | 12/16/24 |
30 Year Cash-out Refi | 6.73% | 12/16/24 |
30 Year FHA Purchase | 7.01% | 12/16/24 |
30 Year VA Purchase | 6.14% | 12/16/24 |
30 Year USDA Purchase | 6.51% | 12/16/24 |
15 Year Conventional Purchase | 6.07% | 12/16/24 |
15 Year Conventional Refi | 5.74% | 12/16/24 |
15 Year Cash-out Refi | 5.74% | 12/16/24 |
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. |
Chambers Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
785Origination Dollar Volume (All Markets)
$226,685,000Employee count
268 Show all (11) awardsChambers Bank - 2021
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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 |
---|---|---|---|---|---|
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 211 | $57,455,000 | $272,299 | $3,462 | 3.12% |
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 131 | $37,285,000 | $284,618 | $4,222 | 3.02% |
FORT SMITH, AR-OK (FHA|USDA|VA) | 149 | $35,585,000 | $238,826 | $3,417 | 3.29% |
SAGINAW, MI (FHA|USDA|VA) | 2 | $32,360,000 | $16,180,000 | $0 | 3.50% |
Russellville, AR (FHA|USDA|VA) | 133 | $21,335,000 | $160,414 | $2,735 | 3.44% |
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 15 | $9,995,000 | $666,333 | $4,063 | 3.06% |
Outside of Metro Areas | 67 | $9,455,000 | $141,119 | $3,181 | 3.45% |
HOT SPRINGS, AR (FHA|USDA|VA) | 40 | $8,790,000 | $219,750 | $2,150 | 4.29% |
TULSA, OK (FHA|USDA|VA) | 2 | $6,450,000 | $3,225,000 | $1,578 | 4.24% |
OKLAHOMA CITY, OK (FHA|USDA|VA) | 2 | $1,130,000 | $565,000 | $2,373 | 3.93% |
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 4 | $1,000,000 | $250,000 | $4,345 | 2.97% |
Searcy, AR (FHA|USDA|VA) | 5 | $915,000 | $183,000 | $4,899 | 2.85% |
Arkadelphia, AR (FHA|USDA|VA) | 4 | $470,000 | $117,500 | $2,478 | 3.30% |
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $18,554 | 2.50% |
Batesville, AR (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $0 | 4.00% |
CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $2,809 | 2.75% |
KANSAS CITY, MO-KS (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $4,676 | 3.19% |
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $1,326 | 2.25% |
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $2,261 | 2.88% |
JONESBORO, AR (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $1,795 | 2.38% |
SPRINGFIELD, MO (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $12,123 | 2.50% |
Scottsboro, AL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $7,693 | 2.63% |
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $10,668 | 2.75% |
GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $5,209 | 2.75% |
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,756 | 2.38% |
TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,100 | 3.50% |
Malvern, AR (FHA|USDA|VA) | 2 | $140,000 | $70,000 | $1,428 | 5.00% |
Fremont, OH (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,700 | 2.00% |
WICHITA, KS (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 4.77% |
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 4.59% |
Similar Lenders
We use machine learning to identify the top lenders compared against Chambers Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2021, Chambers Bank's most frequently originated type of loan was Conventional, with 656 originations. Their 2nd most popular type was FHA, with 55 originations.
Loan Reason
For 2021, Chambers Bank's most frequently cited loan purpose was Home Purchase, with 484 originations. The 2nd most popular reason was Refi, with 188 originations.
Loan Duration/Length
For 2021, Chambers Bank's most frequently cited loan duration was 30 Year, with 430 originations. The 2nd most popular length was Other, with 92 originations.
Origination Fees/Closing Costs
Chambers Bank's average total fees were $3,927, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 410 originations.
Interest Rates
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
2.5-3% | 250 | $58,190,000 | $232,760 |
3-4% | 189 | $93,205,000 | $493,148 |
<2.5% | 172 | $36,950,000 | $214,826 |
4-5% | 158 | $36,800,000 | $232,911 |
5-6% | 16 | $1,540,000 | $96,250 |
During 2021, Chambers Bank's average interest rate for loans was 2.88%, while their most frequently originated rate bucket for loans was 2.5-3%, with 250 originations.
Loan Sizing
2021 saw Chambers Bank place emphasis on $100k-200k loans with 298 originations, totaling $43,190,000 in origination value.
Applicant Income
Chambers Bank lent most frequently to those with incomes in the $100k-150k range, with 151 originations. The second most popular income band? $50k-75k, with 149 originations.
Applicant Debt to Income Ratio
Chambers Bank lent most frequently to those with DTI ratios of 20-30%, with 142 originations. The next most common DTI ratio? 30-36%, with 110 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.64%
Chambers Bank has an average approval rate.
Pick Rate
Approvals leading to origination76.56%
Chambers Bank has a below average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
455.0 | 1 | $15,000 | $15,000 |
NA | 784 | $226,670,000 | $289,120 |
LTV Distribution
Bank Details
Branches
Bank Name | Branch | Branch Type | Deposits (000's) |
---|---|---|---|
Chambers Bank | 100 West Grove Avenue Springdale, AR 72764 | Full Service B&M | $30,637 |
Chambers Bank | 102 N Front St Dardanelle, AR 72834 | Limited, Administrative | $0 |
Chambers Bank | 106 North Main Street Havana, AR 72842 | Full Service B&M | $11,565 |
Chambers Bank | 110 East D Parkway Russellville, AR 72801 | Full Service B&M | $32,956 |
Chambers Bank | 111 West Thompson Street Amity, AR 71921 | Full Service B&M | $34,059 |
Chambers Bank | 1511 North Church Atkins, AR 72823 | Full Service B&M | $11,256 |
Chambers Bank | 1685 East Joyce Boulevard Fayetteville, AR 72703 | Full Service B&M | $70,810 |
Chambers Bank | 1900 E Oak St Conway, AR 72032 | Full Service B&M | $4,226 |
Chambers Bank | 2019 North Center Street Elkins, AR 72727 | Limited, Drive-thru | $0 |
Chambers Bank | 2622 Fayetteville Road Van Buren, AR 72956 | Full Service B&M | $11,207 |
Chambers Bank | 300 Highway 71 Mena, AR 71953 | Full Service B&M | $25,644 |
Chambers Bank | 310 East 8th Street Danville, AR 72833 | Full Service B&M | $0 |
Chambers Bank | 314 Union Street Dardanelle, AR 72834 | Full Service B&M | $47,470 |
Chambers Bank | 3201 West Main Street, Russellville Russellville, AR 72801 | Full Service B&M | $2,567 |
Chambers Bank | 348 N Center Elkins, AR 72727 | Full Service B&M | $45,066 |
Chambers Bank | 3505 Central Avenue Hot Springs, AR 72833 | Full Service B&M | $10,409 |
Chambers Bank | 401 Huntington Avenue Mansfield, AR 72944 | Full Service B&M | $15,805 |
Chambers Bank | 402 E 8th Street Danville, AR 72833 | Full Service B&M | $20,127 |
Chambers Bank | 418 South Main Street Waldron, AR 72958 | Full Service B&M | $58,204 |
Chambers Bank | 4201 West New Hope Road, Suite 101 Rogers, AR 72758 | Full Service B&M | $125,630 |
Chambers Bank | 4508 North Highway 7 Hot Springs Village, AR 71909 | Full Service B&M | $36,259 |
Chambers Bank | 490 Hogan Lane Conway, AR 72034 | Full Service B&M | $5,789 |
Chambers Bank | 510 Union Street Dardanelle, AR 72834 | Full Service B&M | $51,920 |
Chambers Bank | 8210 Phoenix Ave Fort Smith, AR 72903 | Full Service B&M | $57,877 |
Chambers Bank | 901 Main Street Danville, AR 72833 | Full Service B&M | $177,004 |
Chambers Bank | 9247 Market St Dover, AR 72837 | Full Service B&M | $19,049 |
For 2021, Chambers Bank had 26 branches.
Yearly Performance Overview
Bank Income
Item | Value (in 000's) |
---|---|
Total interest income | $48,949 |
Net interest income | $43,399 |
Total noninterest income | $10,624 |
Gross Fiduciary activities income | $0 |
Service charges on deposit accounts | $1,747 |
Trading account gains and fees | $0 |
Additional Noninterest Income | $8,877 |
Pre-tax net operating income | $21,503 |
Securities gains (or losses, -) | $-108 |
Income before extraordinary items | $16,121 |
Discontinued Operations (Extraordinary gains, net) | $0 |
Net income of bank and minority interests | $16,121 |
Minority interest net income | $0 |
Net income | $16,121 |
Sale, conversion, retirement of capital stock, net | $0 |
Net operating income | $16,206 |
Chambers Bank's gross interest income from loans was $48,949,000.
Chambers Bank's net interest income from loans was $43,399,000.
Chambers Bank's fee based income from loans was $1,747,000.
Chambers Bank's net income from loans was $16,121,000.
Bank Expenses
Item | Value (in 000's) |
---|---|
Total interest expense | $5,550 |
Provision for credit losses | $545 |
Total noninterest expense | $31,975 |
Salaries and employee benefits | $19,414 |
Premises and equipment expense | $4,355 |
Additional noninterest expense | $8,206 |
Applicable income taxes | $5,274 |
Net charge-offs | $58 |
Cash dividends | $1,050 |
Chambers Bank's interest expense for loans was $5,550,000.
Chambers Bank's payroll and benefits expense were $19,414,000.
Chambers Bank's property, plant and equipment expenses $4,355,000.
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 | 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 | 0.0% |
Unsecured commercial real estate loans | 0.0% |
Deposits
Type | Value (in 000's) |
---|---|
Total deposits | $980,991 |
Deposits held in domestic offices | $980,991 |
Deposits by Individuals, partnerships, and corporations | $907,527 |
Deposits by U.S. Government | $0 |
Deposits by States and political subdivisions in the U.S. | $73,464 |
Deposits by Commercial banks and other depository institutions in U.S. | $0 |
Deposits by Banks in foreign countries | $0 |
Deposits by Foreign governments and official institutions | $0 |
Transaction accounts | $38,707 |
Demand deposits | $19,680 |
Nontransaction accounts | $942,284 |
Money market deposit accounts (MMDAs) | $215,167 |
Other savings deposits (excluding MMDAs) | $406,723 |
Total time deposits | $320,395 |
Total time and savings deposits | $961,311 |
Noninterest-bearing deposits | $180,330 |
Interest-bearing deposits | $800,662 |
Retail deposits | $873,976 |
IRAs and Keogh plan accounts | $36,047 |
Brokered deposits | $51,389 |
Deposits held in foreign offices | $0 |
Assets
Asset | Value (in 000's) |
---|---|
Total Assets | $1,198,299 |
Cash & Balances due from depository institutions | $42,822 |
Interest-bearing balances | $33,099 |
Total securities | $53,971 |
Federal funds sold & reverse repurchase | $108,075 |
Net loans and leases | $925,596 |
Loan and leases loss allowance | $11,127 |
Trading account assets | $0 |
Bank premises and fixed assets | $24,787 |
Other real estate owned | $1,679 |
Goodwill and other intangibles | $7,587 |
All other assets | $33,782 |
Liabilities
Liabilities | Value (in 000's) |
---|---|
Total liabilities and capital | $1,198,299 |
Total Liabilities | $1,077,540 |
Total deposits | $980,991 |
Interest-bearing deposits | $800,662 |
Deposits held in domestic offices | $980,991 |
% insured (estimated) | $71 |
Federal funds purchased and repurchase agreements | $0 |
Trading liabilities | $0 |
Other borrowed funds | $90,047 |
Subordinated debt | $0 |
All other liabilities | $6,502 |
Issued Loan Types
Type | Value (in 000's) |
---|---|
Net loans and leases | $925,596 |
Loan and leases loss allowance | $11,127 |
Total loans and leases (domestic) | $936,723 |
All real estate loans | $831,549 |
Real estate loans in domestic offices | $831,549 |
Construction and development loans | $169,695 |
Residential 1-4 family construction | $57,469 |
Other construction, all land development and other land | $112,226 |
Loans secured by nonfarm nonresidential properties | $378,595 |
Nonfarm nonresidential secured by owner-occupied properties | $104,186 |
Commercial real estate & other non-farm, non-residential | $274,409 |
Multifamily residential real estate | $77,359 |
1-4 family residential loans | $164,007 |
Farmland loans | $41,893 |
Loans held in foreign offices | $0 |
Farm loans | $3,484 |
Commercial and industrial loans | $93,805 |
To non-U.S. addressees | $0 |
Loans to individuals | $7,374 |
Credit card loans | $0 |
Related Plans | $211 |
Consumer Auto Loans | $1,051 |
Other loans to individuals | $6,112 |
All other loans & leases | $510 |
Loans to foreign governments and official institutions | $0 |
Other loans | $50 |
Loans to depository institutions and acceptances of other banks | $0 |
Loans not secured by real estate | $15,951 |
Loans secured by real estate to non-U.S. addressees | $0 |
Restructured Loans & leases | $3,093 |
Non 1-4 family restructured loans & leases | $3,093 |
Total loans and leases (foreign) | $0 |
Chambers Bank had $925,596,000 of loans outstanding in 2021. $831,549,000 of loans were in real estate loans. $169,695,000 of loans were in development loans. $77,359,000 of loans were in multifamily mortgage loans. $164,007,000 of loans were in 1-4 family mortgage loans. $3,484,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,051,000 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 | 285 | $64,825 | $227,456 |
Nonfarm, nonresidential loans - <$100k | 76 | $3,166 | $41,658 |
Nonfarm, nonresidential loans - $100-250k | 91 | $12,720 | $139,780 |
Nonfarm, nonresidential loans - $250k-1MM | 118 | $48,939 | $414,737 |
Commercial & Industrial, US addressed loans - <$1MM | 491 | $30,432 | $61,980 |
Commercial & Industrial, US addressed loans - <$100k | 383 | $8,391 | $21,909 |
Commercial & Industrial, US addressed loans - $100-250k | 65 | $7,463 | $114,815 |
Commercial & Industrial, US addressed loans - $250k-1MM | 43 | $14,578 | $339,023 |
Farmland loans - <$1MM | 200 | $19,109 | $95,545 |
Farmland loans - <$100k | 111 | $4,583 | $41,288 |
Farmland loans - $100-250k | 62 | $7,632 | $123,097 |
Farmland loans - $250k-1MM | 27 | $6,894 | $255,333 |
Agriculture operations loans - <$1MM | 178 | $3,484 | $19,573 |
Agriculture operations loans - <$100k | 170 | $2,717 | $15,982 |
Agriculture operations loans - $100-250k | 7 | $645 | $92,143 |
Agriculture operations loans - $250k-1MM | 1 | $122 | $122,000 |