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 loans. Bank Of The Sierra has a high proportion of conventional loans. Their top markets by origination volume include: Oxnard, Fresno, San Luis Obispo, San Francisco, and Visalia among others. We have data for 9 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. They have an above average pick rate when compared to similar lenders.
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Originations
26Origination Dollar Volume (All Markets)
$19,160,000Employee count
501Top 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 |
|---|---|---|---|---|---|
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 6 | $6,450,000 | $1,075,000 | $0 | 0.00% |
| FRESNO, CA (FHA|USDA|VA) | 5 | $4,875,000 | $975,000 | $0 | 0.00% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 4 | $2,930,000 | $732,500 | $0 | 0.00% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 3 | $1,625,000 | $541,667 | $0 | 0.00% |
| VISALIA, CA (FHA|USDA|VA) | 3 | $925,000 | $308,333 | $0 | 0.00% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $905,000 | $905,000 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $0 | 0.00% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $0 | 0.00% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 26 | $19,160,000 | $736,923 | $0 | 0.00% |
For 2020, Bank Of The Sierra's most frequently originated type of loan was Conventional, with 26 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 19 | $15,865,000 | $835,000 | $0 | 0.00% |
| Home Purchase | 7 | $3,295,000 | $470,714 | $0 | 0.00% |
For 2020, Bank Of The Sierra's most frequently cited loan purpose was Refi, with 19 originations. The 2nd most popular reason was Home Purchase, with 7 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 26 | $19,160,000 | $736,923 | $0 | 0.00% |
For 2020, Bank Of The Sierra's most frequently cited loan duration was Other, with 26 originations.
Loan Sizing
2020 saw Bank Of The Sierra place emphasis on $200k-400k loans with 9 originations, totaling $2,645,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $250k+ | 5 | $2,895,000 | $579,000 | $0 | 0.00% |
| $75k-100k | 1 | $105,000 | $105,000 | $0 | 0.00% |
Bank Of The Sierra lent most frequently to those with incomes in the $250k+ range, with 5 originations. The second most popular income band? $75k-100k, with 1 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 26 | $19,160,000 | $736,923 | $0 | 0.00% |
Bank Of The Sierra lent most frequently to those with DTI ratios of Exempt%, with 26 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.43%
Bank Of The Sierra has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination96.15%
Bank Of The Sierra 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 | 26 | $19,160,000 | $736,923 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 15 | $14,475,000 | $965,000 |
| Single Family (1-4 Units):Site-Built | 11 | $4,685,000 | $425,909 |
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| BANK OF THE WEST | Conventional home mortgage | Incorrect information on your report | 1 | 3.8% |
| BANK OF THE WEST | Conventional home mortgage | Closing on a mortgage | 2 | 7.7% |
| BANK OF THE WEST | Other type of mortgage | Trouble during payment process | 4 | 15.4% |
| BANK OF THE WEST | Other type of mortgage | Struggling to pay mortgage | 2 | 7.7% |
| BANK OF THE WEST | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 3.8% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Trouble during payment process | 6 | 23.1% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 1 | 3.8% |
| BANK OF THE WEST | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 2 | 7.7% |
| BANK OF THE WEST | Conventional home mortgage | Trouble during payment process | 4 | 15.4% |
| BANK OF THE WEST | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 7.7% |
| BANK OF THE WEST | Conventional home mortgage | Struggling to pay mortgage | 1 | 3.8% |
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 | $60,175 |
| Bank of The Sierra | 1103 West Visalia Road Exeter, CA 93221 | Full Service B&M | $130,524 |
| Bank of The Sierra | 1126 Main Street Delano, CA 93216 | Full Service B&M | $27,377 |
| Bank of The Sierra | 1207 Spring Street Paso Robles, CA 93446 | Full Service B&M | $24,969 |
| Bank of The Sierra | 128 East Main Street Visalia, CA 93291 | Full Service B&M | $129,255 |
| Bank of The Sierra | 1360 East Grand Avenue Arroyo Grande, CA 93420 | Full Service B&M | $39,951 |
| Bank of The Sierra | 1401 Dolliver Street, Suite B Pismo Beach, CA 93449 | Full Service B&M | $6,165 |
| Bank of The Sierra | 142 South Mirage Lindsay, CA 93247 | Full Service B&M | $81,580 |
| Bank of The Sierra | 1430 East Prosperity Avenue Tulare, CA 93274 | Full Service B&M | $41,807 |
| Bank of The Sierra | 1498 West Olive Avenue Porterville, CA 93257 | Full Service B&M | $83,438 |
| Bank of The Sierra | 1500 Seventh Street Sanger, CA 93657 | Full Service B&M | $7,388 |
| Bank of The Sierra | 1835 East Shaw Ave Clovis, CA 93611 | Full Service B&M | $29,847 |
| Bank of The Sierra | 21 E. Carrillo Street Santa Barbara, CA 93101 | Full Service B&M | $19,302 |
| Bank of The Sierra | 21000 Mission Street Tehachapi, CA 93561 | Full Service B&M | $53,658 |
| Bank of The Sierra | 224 West F Street Tehachapi, CA 93561 | Full Service B&M | $73,950 |
| Bank of The Sierra | 232 North Valencia Boulevard Woodlake, CA 93286 | Full Service B&M | $32,881 |
| Bank of The Sierra | 2450 Mccall Avenue Selma, CA 93662 | Full Service B&M | $25,501 |
| Bank of The Sierra | 246 E Tulare Avenue Tulare, CA 93274 | Full Service B&M | $101,927 |
| Bank of The Sierra | 2501 Mt. Vernon Ave Bakersfield, CA 93306 | Full Service B&M | $26,857 |
| Bank of The Sierra | 2515 South Mooney Boulevard Visalia, CA 93277 | Full Service B&M | $84,465 |
| Bank of The Sierra | 26328 Citrus Avenue Santa Clarita, CA 91355 | Full Service B&M | $22,057 |
| Bank of The Sierra | 400 West Visalia Road Farmersville, CA 93223 | Full Service B&M | $12,190 |
| Bank of The Sierra | 401 East Tulare Street Dinuba, CA 93618 | Full Service B&M | $61,167 |
| Bank of The Sierra | 402 West Ojai Avenue Ojai, CA 93023 | Full Service B&M | $84,099 |
| Bank of The Sierra | 4060 Coffee Road Bakersfield, CA 93308 | Full Service B&M | $53,584 |
| Bank of The Sierra | 40884 Sierra Drive Three Rivers, CA 93271 | Full Service B&M | $28,694 |
| Bank of The Sierra | 427 West Lacey Boulevard Hanford, CA 93230 | Full Service B&M | $99,887 |
| Bank of The Sierra | 4456 California Avenue Bakersfield, CA 93309 | Full Service B&M | $42,668 |
| Bank of The Sierra | 500 Marsh Street San Luis Obispo, CA 93401 | Full Service B&M | $78,958 |
| Bank of The Sierra | 527 Sespe Avenue Fillmore, CA 93015 | Full Service B&M | $40,205 |
| Bank of The Sierra | 5775 E. Kings Canyon Road Fresno, CA 93727 | Full Service B&M | $63,806 |
| Bank of The Sierra | 636 E. Shaw Avenue Fresno, CA 93710 | Full Service B&M | $56,960 |
| Bank of The Sierra | 705 W Central Avenue Lompoc, CA 93436 | Full Service B&M | $34,068 |
| Bank of The Sierra | 7315 El Camino Real Atascadero, CA 93422 | Full Service B&M | $10,781 |
| Bank of The Sierra | 7391 N. Palm Avenue Fresno, CA 93711 | Full Service B&M | $30,330 |
| Bank of The Sierra | 8031 California City Boulevard California City, CA 93505 | Full Service B&M | $22,423 |
| Bank of The Sierra | 8500 Ming Avenue Bakersfield, CA 93311 | Full Service B&M | $76,081 |
| Bank of The Sierra | 89 S. California Street Ventura, CA 93001 | Full Service B&M | $28,116 |
| Bank of The Sierra | 90 North Main Street Porterville, CA 93257 | Full Service B&M | $437,650 |
| Bank of The Sierra | 901 East Main Street Santa Paula, CA 93060 | Full Service B&M | $143,808 |
| Bank of The Sierra | Po Box 1930 Porterville, CA 93258 | Full Service Cyber Office | $13,556 |
For 2020, Bank Of The Sierra had 41 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $110,243 |
| Net interest income | $106,053 |
| Total noninterest income | $25,616 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $11,765 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $13,851 |
| Pre-tax net operating income | $48,917 |
| Securities gains (or losses, -) | $390 |
| Income before extraordinary items | $37,405 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $37,405 |
| Minority interest net income | $0 |
| Net income | $37,405 |
| Sale, conversion, retirement of capital stock, net | $687 |
| Net operating income | $37,096 |
Bank Of The Sierra's gross interest income from loans was $110,243,000.
Bank Of The Sierra's net interest income from loans was $106,053,000.
Bank Of The Sierra's fee based income from loans was $11,765,000.
Bank Of The Sierra's net income from loans was $37,405,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $4,190 |
| Provision for credit losses | $8,550 |
| Total noninterest expense | $74,202 |
| Salaries and employee benefits | $39,322 |
| Premises and equipment expense | $9,833 |
| Additional noninterest expense | $25,047 |
| Applicable income taxes | $11,902 |
| Net charge-offs | $734 |
| Cash dividends | $23,000 |
Bank Of The Sierra's interest expense for loans was $4,190,000.
Bank Of The Sierra's payroll and benefits expense were $39,322,000.
Bank Of The Sierra's property, plant and equipment expenses $9,833,000.
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 | 2.0% |
| HELOC loans | 6.0% |
| 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 | $2,636,606 |
| Deposits held in domestic offices | $2,636,606 |
| Deposits by Individuals, partnerships, and corporations | $2,420,505 |
| Deposits by U.S. Government | $760 |
| Deposits by States and political subdivisions in the U.S. | $215,068 |
| Deposits by Commercial banks and other depository institutions in U.S. | $272 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $1,624,009 |
| Demand deposits | $1,065,602 |
| Nontransaction accounts | $1,012,596 |
| Money market deposit accounts (MMDAs) | $131,232 |
| Other savings deposits (excluding MMDAs) | $368,420 |
| Total time deposits | $512,945 |
| Total time and savings deposits | $1,571,003 |
| Noninterest-bearing deposits | $955,664 |
| Interest-bearing deposits | $1,680,942 |
| Retail deposits | $2,313,690 |
| IRAs and Keogh plan accounts | $18,772 |
| Brokered deposits | $100,000 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $3,219,575 |
| Cash & Balances due from depository institutions | $71,417 |
| Interest-bearing balances | $3,509 |
| Total securities | $543,974 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $2,442,226 |
| Loan and leases loss allowance | $17,738 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $34,700 |
| Other real estate owned | $968 |
| Goodwill and other intangibles | $31,664 |
| All other assets | $94,626 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $3,219,575 |
| Total Liabilities | $2,852,561 |
| Total deposits | $2,636,606 |
| Interest-bearing deposits | $1,680,942 |
| Deposits held in domestic offices | $2,636,606 |
| % insured (estimated) | $67 |
| Federal funds purchased and repurchase agreements | $139,138 |
| Trading liabilities | $0 |
| Other borrowed funds | $42,900 |
| Subordinated debt | $0 |
| All other liabilities | $33,917 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $2,442,226 |
| Loan and leases loss allowance | $17,738 |
| Total loans and leases (domestic) | $2,459,964 |
| All real estate loans | $1,893,778 |
| Real estate loans in domestic offices | $1,893,778 |
| Construction and development loans | $119,932 |
| Residential 1-4 family construction | $48,489 |
| Other construction, all land development and other land | $71,443 |
| Loans secured by nonfarm nonresidential properties | $1,403,292 |
| Nonfarm nonresidential secured by owner-occupied properties | $343,607 |
| Commercial real estate & other non-farm, non-residential | $1,059,685 |
| Multifamily residential real estate | $61,834 |
| 1-4 family residential loans | $178,751 |
| Farmland loans | $129,969 |
| Loans held in foreign offices | $0 |
| Farm loans | $45,001 |
| Commercial and industrial loans | $206,131 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $5,722 |
| Credit card loans | $0 |
| Related Plans | $2,713 |
| Consumer Auto Loans | $580 |
| Other loans to individuals | $2,429 |
| All other loans & leases | $309,332 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $309,332 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $28,198 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $11,382 |
| Non 1-4 family restructured loans & leases | $7,022 |
| Total loans and leases (foreign) | $0 |
Bank of the Sierra had $2,442,226,000 of loans outstanding in 2020. $1,893,778,000 of loans were in real estate loans. $119,932,000 of loans were in development loans. $61,834,000 of loans were in multifamily mortgage loans. $178,751,000 of loans were in 1-4 family mortgage loans. $45,001,000 of loans were in farm loans. $0 of loans were in credit card loans. $580,000 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 | 530 | $169,174 | $319,196 |
| Nonfarm, nonresidential loans - <$100k | 26 | $1,198 | $46,077 |
| Nonfarm, nonresidential loans - $100-250k | 142 | $17,926 | $126,239 |
| Nonfarm, nonresidential loans - $250k-1MM | 362 | $150,050 | $414,503 |
| Commercial & Industrial, US addressed loans - <$1MM | 1,823 | $140,516 | $77,080 |
| Commercial & Industrial, US addressed loans - <$100k | 1,233 | $33,287 | $26,997 |
| Commercial & Industrial, US addressed loans - $100-250k | 353 | $37,998 | $107,643 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 237 | $69,231 | $292,114 |
| Farmland loans - <$1MM | 76 | $15,877 | $208,908 |
| Farmland loans - <$100k | 9 | $491 | $54,556 |
| Farmland loans - $100-250k | 33 | $4,878 | $147,818 |
| Farmland loans - $250k-1MM | 34 | $10,508 | $309,059 |
| Agriculture operations loans - <$1MM | 66 | $5,105 | $77,348 |
| Agriculture operations loans - <$100k | 28 | $620 | $22,143 |
| Agriculture operations loans - $100-250k | 27 | $2,156 | $79,852 |
| Agriculture operations loans - $250k-1MM | 11 | $2,329 | $211,727 |