Grand Savings Bank Mortgage Rates, Fees & Info

Grove, OK

LEI: 5493003K28DNSKKT2059

Tax ID: 73-1108238

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Grand Savings Bank is a smaller bank specializing in Home Purchase and Refi loans. Grand Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Fayetteville, Fort Smith, Miami, Joplin, and Tulsa among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Grand Savings 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.

    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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    Originations

    201

    Origination Dollar Volume (All Markets)

    $38,695,000

    Employee count

    147

    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) 111 $17,275,000 $155,631 $0 0.00%
    Outside of Metro Areas 64 $11,070,000 $172,969 $0 0.00%
    FORT SMITH, AR-OK (FHA|USDA|VA) 8 $7,390,000 $923,750 $0 0.00%
    Miami, OK (FHA|USDA|VA) 10 $1,500,000 $150,000 $0 0.00%
    JOPLIN, MO (FHA|USDA|VA) 3 $825,000 $275,000 $0 0.00%
    TULSA, OK (FHA|USDA|VA) 3 $545,000 $181,667 $0 0.00%
    Tahlequah, OK (FHA|USDA|VA) 2 $90,000 $45,000 $0 0.00%
    Grand Savings Bank's top markets include Fayetteville, Fort Smith, Miami, Joplin, and Tulsa among others.

    Their top states include:
  • Arkansas (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 201 $38,695,000 $192,512 $0 0.00%

    For 2018, Grand Savings Bank's most frequently originated type of loan was Conventional, with 201 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 113 $20,025,000 $177,212 $0 0.00%
    Refi 56 $15,400,000 $275,000 $0 0.00%
    Cash Out Refi 16 $2,180,000 $136,250 $0 0.00%
    Other 13 $995,000 $76,538 $0 0.00%
    Home Improvement 3 $95,000 $31,667 $0 0.00%

    For 2018, Grand Savings Bank's most frequently cited loan purpose was Home Purchase, with 113 originations. The 2nd most popular reason was Refi, with 56 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 201 $38,695,000 $192,512 $0 0.00%

    For 2018, Grand Savings Bank's most frequently cited loan duration was Other, with 201 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 99 $5,645,000 $57,020 $0 0.00%
    $100k-200k 51 $7,225,000 $141,667 $0 0.00%
    $200k-400k 34 $9,390,000 $276,176 $0 0.00%
    $600k-1MM 7 $5,465,000 $780,714 $0 0.00%
    $1MM+ 5 $8,785,000 $1,757,000 $0 0.00%
    $400k-600k 5 $2,185,000 $437,000 $0 0.00%

    2018 saw Grand Savings Bank place emphasis on $100,000 or less loans with 99 originations, totaling $5,645,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 47 $4,135,000 $87,979 $0 0.00%
    $50k-75k 33 $3,485,000 $105,606 $0 0.00%
    $150k-250k 25 $3,435,000 $137,400 $0 0.00%
    $100k-150k 22 $2,980,000 $135,455 $0 0.00%
    $75k-100k 18 $2,130,000 $118,333 $0 0.00%
    $250k+ 9 $3,755,000 $417,222 $0 0.00%

    Grand Savings Bank lent most frequently to those with incomes in the $50k or less range, with 47 originations. The second most popular income band? $50k-75k, with 33 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 201 $38,695,000 $192,512 $0 0.00%

    Grand Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 201 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 44 $17,870,000 $406,136 $0 0.00%
    White 133 $17,825,000 $134,023 $0 0.00%
    American Indian 23 $2,915,000 $126,739 $0 0.00%
    Asian 1 $85,000 $85,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.17%

    Grand Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    95.52%

    Grand Savings 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 201 $38,695,000 $192,512

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 9 $8,705,000 $967,222
    Single Family (1-4 Units):Manufactured 31 $2,225,000 $71,774
    Single Family (1-4 Units):Site-Built 161 $27,765,000 $172,453

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    GRANDE HOMES INC FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Grand Savings Bank 101 S Gentry Blvd Gentry, AR 72734 Full Service B&M $14,063
    Grand Savings Bank 1022 South Main Street Grove, OK 74344 Full Service B&M $149,820
    Grand Savings Bank 1222 North Main Street Jay, OK 74346 Full Service B&M $70,015
    Grand Savings Bank 1660 West U.S. Highway 412 Siloam Springs, AR 72761 Full Service B&M $49,914
    Grand Savings Bank 198 Atlanta Street Se Gravette, AR 72736 Full Service B&M $3,578
    Grand Savings Bank 2350 W. Hudson Rd. Rogers, AR 72756 Full Service B&M $12,613
    Grand Savings Bank 3401 Sw 2nd Street, Suite 115 Bentonville, AR 72712 Full Service B&M $40,939
    Grand Savings Bank 372 Sh 59 N Decatur, AR 72722 Full Service B&M $20,598
    Grand Savings Bank 4201 South Dixieland Road Rogers, AR 72758 Full Service B&M $25,293
    Grand Savings Bank 610 Conner Avenue Fairland, OK 74343 Full Service B&M $6,707
    Grand Savings Bank 9117 Hwy 71 S Fort Smith, AR 72908 Full Service B&M $8,496

    For 2018, Grand Savings Bank had 11 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $22,598
    Net interest income $19,014
    Total noninterest income $3,799
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,832
    Trading account gains and fees $0
    Additional Noninterest Income $1,967
    Pre-tax net operating income $7,841
    Securities gains (or losses, -) $0
    Income before extraordinary items $7,841
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $7,841
    Minority interest net income $0
    Net income $7,841
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $7,841

    Grand Savings Bank's gross interest income from loans was $22,598,000.
    Grand Savings Bank's net interest income from loans was $19,014,000.
    Grand Savings Bank's fee based income from loans was $1,832,000.
    Grand Savings Bank's net income from loans was $7,841,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,584
    Provision for credit losses $579
    Total noninterest expense $14,393
    Salaries and employee benefits $8,084
    Premises and equipment expense $1,857
    Additional noninterest expense $4,452
    Applicable income taxes $0
    Net charge-offs $7
    Cash dividends $3,909

    Grand Savings Bank's interest expense for loans was $3,584,000.
    Grand Savings Bank's payroll and benefits expense were $8,084,000.
    Grand Savings Bank's property, plant and equipment expenses $1,857,000.

    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 0.8%
    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 $416,005
    Deposits held in domestic offices $416,005
    Deposits by Individuals, partnerships, and corporations $354,381
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $58,320
    Deposits by Commercial banks and other depository institutions in U.S. $3,304
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $42,003
    Demand deposits $15,664
    Nontransaction accounts $374,002
    Money market deposit accounts (MMDAs) $36,498
    Other savings deposits (excluding MMDAs) $187,320
    Total time deposits $150,184
    Total time and savings deposits $400,341
    Noninterest-bearing deposits $42,003
    Interest-bearing deposits $374,002
    Retail deposits $376,070
    IRAs and Keogh plan accounts $16,911
    Brokered deposits $9,346
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $477,591
    Cash & Balances due from depository institutions $37,279
    Interest-bearing balances $31,969
    Total securities $32,032
    Federal funds sold & reverse repurchase $0
    Net loans and leases $389,376
    Loan and leases loss allowance $2,926
    Trading account assets $0
    Bank premises and fixed assets $13,620
    Other real estate owned $398
    Goodwill and other intangibles $526
    All other assets $4,360

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $477,591
    Total Liabilities $433,016
    Total deposits $416,005
    Interest-bearing deposits $374,002
    Deposits held in domestic offices $416,005
    % insured (estimated) $78
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $15,305
    Subordinated debt $0
    All other liabilities $1,706

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $389,376
    Loan and leases loss allowance $2,926
    Total loans and leases (domestic) $392,302
    All real estate loans $307,210
    Real estate loans in domestic offices $307,210
    Construction and development loans $63,971
    Residential 1-4 family construction $33,303
    Other construction, all land development and other land $30,668
    Loans secured by nonfarm nonresidential properties $85,112
    Nonfarm nonresidential secured by owner-occupied properties $47,569
    Commercial real estate & other non-farm, non-residential $37,543
    Multifamily residential real estate $7,859
    1-4 family residential loans $116,931
    Farmland loans $33,337
    Loans held in foreign offices $0
    Farm loans $9,992
    Commercial and industrial loans $31,301
    To non-U.S. addressees $0
    Loans to individuals $40,951
    Credit card loans $885
    Related Plans $362
    Consumer Auto Loans $14,685
    Other loans to individuals $25,019
    All other loans & leases $2,848
    Loans to foreign governments and official institutions $0
    Other loans $0
    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 $1,017
    Non 1-4 family restructured loans & leases $335
    Total loans and leases (foreign) $0

    Grand Savings Bank had $389,376,000 of loans outstanding in 2018. $307,210,000 of loans were in real estate loans. $63,971,000 of loans were in development loans. $7,859,000 of loans were in multifamily mortgage loans. $116,931,000 of loans were in 1-4 family mortgage loans. $9,992,000 of loans were in farm loans. $885,000 of loans were in credit card loans. $14,685,000 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 282 $48,219 $170,989
    Nonfarm, nonresidential loans - <$100k 99 $4,181 $42,232
    Nonfarm, nonresidential loans - $100-250k 98 $12,855 $131,173
    Nonfarm, nonresidential loans - $250k-1MM 85 $31,183 $366,859
    Commercial & Industrial, US addressed loans - <$1MM 854 $25,673 $30,062
    Commercial & Industrial, US addressed loans - <$100k 784 $14,934 $19,048
    Commercial & Industrial, US addressed loans - $100-250k 49 $5,298 $108,122
    Commercial & Industrial, US addressed loans - $250k-1MM 21 $5,441 $259,095
    Farmland loans - <$1MM 155 $27,874 $179,832
    Farmland loans - <$100k 58 $2,377 $40,983
    Farmland loans - $100-250k 53 $7,201 $135,868
    Farmland loans - $250k-1MM 44 $18,296 $415,818
    Agriculture operations loans - <$1MM 504 $9,140 $18,135
    Agriculture operations loans - <$100k 488 $7,657 $15,691
    Agriculture operations loans - $100-250k 16 $1,483 $92,688