Bank Of The Sierra Mortgage Rates, Fees & Info
Porterville, CALEI: 5493003HTEY5OCC5SP27
Tax ID: 94-2431437
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Mortgage Data
Bank Data
Review & Overview
Bank Of The Sierra is a smaller bank specializing in Refi and Home Purchase loans. Bank Of The Sierra has a high proportion of conventional loans. Their top markets by origination volume include: Bakersfield, Oxnard, Madera, Visalia, and Fresno among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Bank Of The Sierra has an above average approval rate when compared to the average across all lenders.
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Originations
14Origination Dollar Volume (All Markets)
$12,770,000Employee count
513Top 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 |
|---|---|---|---|---|---|
| BAKERSFIELD, CA (FHA|USDA|VA) | 5 | $6,805,000 | $1,361,000 | $0 | 0.00% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 2 | $3,120,000 | $1,560,000 | $0 | 0.00% |
| MADERA, CA (FHA|USDA|VA) | 2 | $1,560,000 | $780,000 | $0 | 0.00% |
| VISALIA, CA (FHA|USDA|VA) | 4 | $780,000 | $195,000 | $0 | 0.00% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 14 | $12,770,000 | $912,143 | $0 | 0.00% |
For 2019, Bank Of The Sierra's most frequently originated type of loan was Conventional, with 14 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 9 | $6,835,000 | $759,444 | $0 | 0.00% |
| Home Purchase | 4 | $5,840,000 | $1,460,000 | $0 | 0.00% |
| Other | 1 | $95,000 | $95,000 | $0 | 0.00% |
For 2019, Bank Of The Sierra's most frequently cited loan purpose was Refi, with 9 originations. The 2nd most popular reason was Home Purchase, with 4 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 14 | $12,770,000 | $912,143 | $0 | 0.00% |
For 2019, Bank Of The Sierra's most frequently cited loan duration was Other, with 14 originations.
Loan Sizing
2019 saw Bank Of The Sierra place emphasis on $600k-1MM loans with 5 originations, totaling $3,745,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $250k+ | 3 | $1,875,000 | $625,000 | $0 | 0.00% |
| $100k-150k | 2 | $250,000 | $125,000 | $0 | 0.00% |
| $150k-250k | 2 | $700,000 | $350,000 | $0 | 0.00% |
Bank Of The Sierra lent most frequently to those with incomes in the $250k+ range, with 3 originations. The second most popular income band? $100k-150k, with 2 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 14 | $12,770,000 | $912,143 | $0 | 0.00% |
Bank Of The Sierra lent most frequently to those with DTI ratios of Exempt%, with 14 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.75%
Bank Of The Sierra has an average approval rate.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 14 | $12,770,000 | $912,143 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 6 | $9,780,000 | $1,630,000 |
| Single Family (1-4 Units):Site-Built | 8 | $2,990,000 | $373,750 |
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| BANK OF THE WEST | Conventional home mortgage | Struggling to pay mortgage | 1 | 7.1% |
| BANK OF THE WEST | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 7.1% |
| BANK OF THE WEST | Other type of mortgage | Trouble during payment process | 1 | 7.1% |
| BANK OF THE WEST | Other type of mortgage | Closing on a mortgage | 1 | 7.1% |
| BANK OF THE WEST | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 7.1% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Trouble during payment process | 2 | 14.3% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 1 | 7.1% |
| BANK OF THE WEST | Conventional home mortgage | Trouble during payment process | 6 | 42.9% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Bank of the Sierra | 1095 W. Manning Street Reedley, CA 93654 | Full Service B&M | $60,572 |
| Bank of the Sierra | 1103 West Visalia Road Exeter, CA 93221 | Full Service B&M | $104,900 |
| Bank of the Sierra | 1126 Main Street Delano, CA 93216 | Full Service B&M | $20,628 |
| Bank of the Sierra | 1207 Spring Street Paso Robles, CA 93446 | Full Service B&M | $23,262 |
| Bank of the Sierra | 128 East Main Street Visalia, CA 93291 | Full Service B&M | $105,235 |
| Bank of the Sierra | 1360 East Grand Avenue Arroyo Grande, CA 93420 | Full Service B&M | $32,138 |
| Bank of the Sierra | 1401 Dolliver Street, Suite B Pismo Beach, CA 93449 | Full Service B&M | $9,199 |
| Bank of the Sierra | 142 South Mirage Lindsay, CA 93247 | Full Service B&M | $66,789 |
| Bank of the Sierra | 1430 East Prosperity Avenue Tulare, CA 93274 | Full Service B&M | $33,276 |
| Bank of the Sierra | 1498 West Olive Avenue Porterville, CA 93257 | Full Service B&M | $61,680 |
| Bank of the Sierra | 1500 Seventh Street Sanger, CA 93657 | Full Service B&M | $5,826 |
| Bank of the Sierra | 1835 East Shaw Ave Clovis, CA 93611 | Full Service B&M | $22,840 |
| Bank of the Sierra | 21 E. Carrillo Street Santa Barbara, CA 93101 | Full Service B&M | $16,232 |
| Bank of the Sierra | 21000 Mission Street Tehachapi, CA 93561 | Full Service B&M | $47,847 |
| Bank of the Sierra | 224 West F Street Tehachapi, CA 93561 | Full Service B&M | $69,268 |
| Bank of the Sierra | 232 North Valencia Boulevard Woodlake, CA 93286 | Full Service B&M | $27,694 |
| Bank of the Sierra | 2450 Mccall Avenue Selma, CA 93662 | Full Service B&M | $29,578 |
| Bank of the Sierra | 246 E Tulare Avenue Tulare, CA 93274 | Full Service B&M | $75,053 |
| Bank of the Sierra | 2501 Mt. Vernon Ave Bakersfield, CA 93306 | Full Service B&M | $24,085 |
| Bank of the Sierra | 2515 South Mooney Boulevard Visalia, CA 93277 | Full Service B&M | $69,031 |
| Bank of the Sierra | 26328 Citrus Avenue Santa Clarita, CA 91355 | Full Service B&M | $17,458 |
| Bank of the Sierra | 400 West Visalia Road Farmersville, CA 93223 | Full Service B&M | $9,225 |
| Bank of the Sierra | 401 East Tulare Street Dinuba, CA 93618 | Full Service B&M | $47,953 |
| Bank of the Sierra | 402 West Ojai Avenue Ojai, CA 93023 | Full Service B&M | $71,161 |
| Bank of the Sierra | 4060 Coffee Road Bakersfield, CA 93308 | Full Service B&M | $40,305 |
| Bank of the Sierra | 40884 Sierra Drive Three Rivers, CA 93271 | Full Service B&M | $23,580 |
| Bank of the Sierra | 427 West Lacey Boulevard Hanford, CA 93230 | Full Service B&M | $79,806 |
| Bank of the Sierra | 4456 California Avenue Bakersfield, CA 93309 | Full Service B&M | $36,632 |
| Bank of the Sierra | 500 Marsh Street San Luis Obispo, CA 93401 | Full Service B&M | $71,394 |
| Bank of the Sierra | 527 Sespe Avenue Fillmore, CA 93015 | Full Service B&M | $33,972 |
| Bank of the Sierra | 5775 E. Kings Canyon Road Fresno, CA 93727 | Full Service B&M | $44,501 |
| Bank of the Sierra | 636 E. Shaw Avenue Fresno, CA 93710 | Full Service B&M | $45,876 |
| Bank of the Sierra | 705 W Central Avenue Lompoc, CA 93436 | Full Service B&M | $33,073 |
| Bank of the Sierra | 7315 El Camino Real Atascadero, CA 93422 | Full Service B&M | $10,044 |
| Bank of the Sierra | 7391 N. Palm Avenue Fresno, CA 93711 | Full Service B&M | $19,486 |
| Bank of the Sierra | 8031 California City Boulevard California City, CA 93505 | Full Service B&M | $21,299 |
| Bank of the Sierra | 8500 Ming Avenue Bakersfield, CA 93311 | Full Service B&M | $62,237 |
| Bank of the Sierra | 89 S. California Street Ventura, CA 93001 | Full Service B&M | $24,549 |
| Bank of the Sierra | 90 North Main Street Porterville, CA 93257 | Full Service B&M | $435,593 |
| Bank of the Sierra | 901 East Main Street Santa Paula, CA 93060 | Full Service B&M | $135,541 |
| Bank of the Sierra | Po Box 1930 Porterville, CA 93258 | Full Service Cyber Office | $12,425 |
For 2019, Bank Of The Sierra had 41 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $110,947 |
| Net interest income | $99,205 |
| Total noninterest income | $23,713 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $12,742 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $10,971 |
| Pre-tax net operating income | $51,162 |
| Securities gains (or losses, -) | $-198 |
| Income before extraordinary items | $38,069 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $38,069 |
| Minority interest net income | $0 |
| Net income | $38,069 |
| Sale, conversion, retirement of capital stock, net | $491 |
| Net operating income | $38,225 |
Bank Of The Sierra's gross interest income from loans was $110,947,000.
Bank Of The Sierra's net interest income from loans was $99,205,000.
Bank Of The Sierra's fee based income from loans was $12,742,000.
Bank Of The Sierra's net income from loans was $38,069,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $11,742 |
| Provision for credit losses | $2,550 |
| Total noninterest expense | $69,206 |
| Salaries and employee benefits | $35,396 |
| Premises and equipment expense | $9,836 |
| Additional noninterest expense | $23,974 |
| Applicable income taxes | $12,895 |
| Net charge-offs | $2,378 |
| Cash dividends | $17,200 |
Bank Of The Sierra's interest expense for loans was $11,742,000.
Bank Of The Sierra's payroll and benefits expense were $35,396,000.
Bank Of The Sierra's property, plant and equipment expenses $9,836,000.
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 | 1.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $2,172,937 |
| Deposits held in domestic offices | $2,172,937 |
| Deposits by Individuals, partnerships, and corporations | $1,952,749 |
| Deposits by U.S. Government | $704 |
| Deposits by States and political subdivisions in the U.S. | $219,261 |
| Deposits by Commercial banks and other depository institutions in U.S. | $223 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $348,368 |
| Demand deposits | $277,516 |
| Nontransaction accounts | $1,824,569 |
| Money market deposit accounts (MMDAs) | $118,933 |
| Other savings deposits (excluding MMDAs) | $1,191,273 |
| Total time deposits | $514,363 |
| Total time and savings deposits | $1,895,421 |
| Noninterest-bearing deposits | $695,513 |
| Interest-bearing deposits | $1,477,424 |
| Retail deposits | $1,873,346 |
| IRAs and Keogh plan accounts | $19,376 |
| Brokered deposits | $50,000 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $2,593,396 |
| Cash & Balances due from depository institutions | $79,821 |
| Interest-bearing balances | $14,521 |
| Total securities | $600,799 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $1,755,538 |
| Loan and leases loss allowance | $9,923 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $35,744 |
| Other real estate owned | $738 |
| Goodwill and other intangibles | $32,738 |
| All other assets | $88,018 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $2,593,396 |
| Total Liabilities | $2,253,947 |
| Total deposits | $2,172,937 |
| Interest-bearing deposits | $1,477,424 |
| Deposits held in domestic offices | $2,172,937 |
| % insured (estimated) | $67 |
| Federal funds purchased and repurchase agreements | $25,711 |
| Trading liabilities | $0 |
| Other borrowed funds | $20,000 |
| Subordinated debt | $0 |
| All other liabilities | $35,299 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $1,755,538 |
| Loan and leases loss allowance | $9,923 |
| Total loans and leases (domestic) | $1,765,461 |
| All real estate loans | $1,402,919 |
| Real estate loans in domestic offices | $1,402,919 |
| Construction and development loans | $196,726 |
| Residential 1-4 family construction | $105,716 |
| Other construction, all land development and other land | $91,010 |
| Loans secured by nonfarm nonresidential properties | $756,864 |
| Nonfarm nonresidential secured by owner-occupied properties | $344,411 |
| Commercial real estate & other non-farm, non-residential | $412,453 |
| Multifamily residential real estate | $54,432 |
| 1-4 family residential loans | $250,834 |
| Farmland loans | $144,063 |
| Loans held in foreign offices | $0 |
| Farm loans | $48,232 |
| Commercial and industrial loans | $112,889 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $7,974 |
| Credit card loans | $0 |
| Related Plans | $3,321 |
| Consumer Auto Loans | $807 |
| Other loans to individuals | $3,846 |
| All other loans & leases | $193,448 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $193,448 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $12,206 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $8,262 |
| Non 1-4 family restructured loans & leases | $2,195 |
| Total loans and leases (foreign) | $0 |
Bank of the Sierra had $1,755,538,000 of loans outstanding in 2019. $1,402,919,000 of loans were in real estate loans. $196,726,000 of loans were in development loans. $54,432,000 of loans were in multifamily mortgage loans. $250,834,000 of loans were in 1-4 family mortgage loans. $48,232,000 of loans were in farm loans. $0 of loans were in credit card loans. $807,000 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 | 570 | $185,625 | $325,658 |
| Nonfarm, nonresidential loans - <$100k | 31 | $1,475 | $47,581 |
| Nonfarm, nonresidential loans - $100-250k | 160 | $21,172 | $132,325 |
| Nonfarm, nonresidential loans - $250k-1MM | 379 | $162,978 | $430,021 |
| Commercial & Industrial, US addressed loans - <$1MM | 876 | $70,647 | $80,647 |
| Commercial & Industrial, US addressed loans - <$100k | 468 | $10,075 | $21,528 |
| Commercial & Industrial, US addressed loans - $100-250k | 242 | $18,982 | $78,438 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 166 | $41,590 | $250,542 |
| Farmland loans - <$1MM | 86 | $18,687 | $217,291 |
| Farmland loans - <$100k | 10 | $604 | $60,400 |
| Farmland loans - $100-250k | 36 | $5,053 | $140,361 |
| Farmland loans - $250k-1MM | 40 | $13,030 | $325,750 |
| Agriculture operations loans - <$1MM | 71 | $6,404 | $90,197 |
| Agriculture operations loans - <$100k | 30 | $1,185 | $39,500 |
| Agriculture operations loans - $100-250k | 30 | $3,008 | $100,267 |
| Agriculture operations loans - $250k-1MM | 11 | $2,211 | $201,000 |