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, Little Rock, Fort Smith, Miami, and Joplin among others. We have data for 8 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

    140

    Origination Dollar Volume (All Markets)

    $25,390,000

    Employee count

    155

    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) 86 $14,800,000 $172,093 $0 0.00%
    Outside of Metro Areas 40 $6,270,000 $156,750 $0 0.00%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $1,565,000 $1,565,000 $0 0.00%
    FORT SMITH, AR-OK (FHA|USDA|VA) 3 $1,415,000 $471,667 $0 0.00%
    Miami, OK (FHA|USDA|VA) 7 $1,025,000 $146,429 $0 0.00%
    JOPLIN, MO (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
    TULSA, OK (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
    Harrison, AR (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
    Grand Savings Bank's top markets include Fayetteville, Little Rock, Fort Smith, Miami, and Joplin 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 140 $25,390,000 $181,357 $0 0.00%

    For 2019, Grand Savings Bank's most frequently originated type of loan was Conventional, with 140 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 83 $16,245,000 $195,723 $0 0.00%
    Refi 48 $8,780,000 $182,917 $0 0.00%
    Other 8 $330,000 $41,250 $0 0.00%
    Home Improvement 1 $35,000 $35,000 $0 0.00%

    For 2019, Grand Savings Bank's most frequently cited loan purpose was Home Purchase, with 83 originations. The 2nd most popular reason was Refi, with 48 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 140 $25,390,000 $181,357 $0 0.00%

    For 2019, Grand Savings Bank's most frequently cited loan duration was Other, with 140 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 65 $3,895,000 $59,923 $0 0.00%
    $100k-200k 43 $6,215,000 $144,535 $0 0.00%
    $200k-400k 20 $5,530,000 $276,500 $0 0.00%
    $400k-600k 6 $3,220,000 $536,667 $0 0.00%
    $1MM+ 4 $5,260,000 $1,315,000 $0 0.00%
    $600k-1MM 2 $1,270,000 $635,000 $0 0.00%

    2019 saw Grand Savings Bank place emphasis on $100,000 or less loans with 65 originations, totaling $3,895,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 31 $2,365,000 $76,290 $0 0.00%
    $50k-75k 23 $2,195,000 $95,435 $0 0.00%
    $75k-100k 12 $1,470,000 $122,500 $0 0.00%
    $100k-150k 9 $1,365,000 $151,667 $0 0.00%
    $150k-250k 8 $900,000 $112,500 $0 0.00%
    $250k+ 6 $1,830,000 $305,000 $0 0.00%

    Grand Savings Bank lent most frequently to those with incomes in the $50k or less range, with 31 originations. The second most popular income band? $50k-75k, with 23 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 140 $25,390,000 $181,357 $0 0.00%

    Grand Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 140 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 49 $14,985,000 $305,816 $0 0.00%
    White 83 $9,755,000 $117,530 $0 0.00%
    American Indian 5 $285,000 $57,000 $0 0.00%
    Asian 1 $165,000 $165,000 $0 0.00%
    Native Hawaiian or Islander 1 $125,000 $125,000 $0 0.00%
    Black 1 $75,000 $75,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.48%

    Grand Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    91.43%

    Grand Savings Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 140 $25,390,000 $181,357

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 11 $7,535,000 $685,000
    Single Family (1-4 Units):Manufactured 13 $985,000 $75,769
    Single Family (1-4 Units):Site-Built 116 $16,870,000 $145,431

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    GUARANTEED RATE INC. VA mortgage Trouble during payment process 1 2.8%
    GUARANTEED RATE INC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 4 11.1%
    GUARANTEED RATE INC. Conventional home mortgage Closing on a mortgage 7 19.4%
    GUARANTEED RATE INC. Conventional home mortgage Struggling to pay mortgage 1 2.8%
    GUARANTEED RATE INC. Conventional home mortgage Trouble during payment process 7 19.4%
    GUARANTEED RATE INC. FHA mortgage Applying for a mortgage or refinancing an existing mortgage 2 5.6%
    GUARANTEED RATE INC. FHA mortgage Closing on a mortgage 3 8.3%
    GUARANTEED RATE INC. FHA mortgage Struggling to pay mortgage 3 8.3%
    GUARANTEED RATE INC. FHA mortgage Trouble during payment process 3 8.3%
    GUARANTEED RATE INC. Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 2.8%
    GUARANTEED RATE INC. Other type of mortgage Closing on a mortgage 2 5.6%
    GUARANTEED RATE INC. Other type of mortgage Trouble during payment process 1 2.8%
    GUARANTEED RATE INC. VA mortgage Closing on a mortgage 1 2.8%

    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 $18,769
    Grand Savings Bank 1022 South Main Street Grove, OK 74344 Full Service B&M $140,578
    Grand Savings Bank 1222 North Main Street Jay, OK 74346 Full Service B&M $77,132
    Grand Savings Bank 15 S Block Ave Suite 102 Fayetteville, AR 72701 Full Service B&M $4,487
    Grand Savings Bank 1660 West U.S. Highway 412 Siloam Springs, AR 72761 Full Service B&M $44,293
    Grand Savings Bank 198 Atlanta Street Se Gravette, AR 72736 Full Service B&M $11,642
    Grand Savings Bank 2350 W. Hudson Rd. Rogers, AR 72756 Full Service B&M $14,608
    Grand Savings Bank 3401 Sw 2nd Street, Suite 115 Bentonville, AR 72712 Full Service B&M $49,565
    Grand Savings Bank 372 Sh 59 N Decatur, AR 72722 Full Service B&M $19,179
    Grand Savings Bank 4201 South Dixieland Road Rogers, AR 72758 Full Service B&M $31,389
    Grand Savings Bank 610 Conner Avenue Fairland, OK 74343 Full Service B&M $12,263
    Grand Savings Bank 9117 Hwy 71 S Fort Smith, AR 72908 Full Service B&M $17,654

    For 2019, Grand Savings Bank had 12 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $27,126
    Net interest income $21,134
    Total noninterest income $4,105
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,839
    Trading account gains and fees $0
    Additional Noninterest Income $2,266
    Pre-tax net operating income $9,130
    Securities gains (or losses, -) $0
    Income before extraordinary items $8,891
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $8,891
    Minority interest net income $0
    Net income $8,891
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $8,891

    Grand Savings Bank's gross interest income from loans was $27,126,000.
    Grand Savings Bank's net interest income from loans was $21,134,000.
    Grand Savings Bank's fee based income from loans was $1,839,000.
    Grand Savings Bank's net income from loans was $8,891,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $5,992
    Provision for credit losses $244
    Total noninterest expense $15,865
    Salaries and employee benefits $8,960
    Premises and equipment expense $1,710
    Additional noninterest expense $5,195
    Applicable income taxes $239
    Net charge-offs $66
    Cash dividends $4,560

    Grand Savings Bank's interest expense for loans was $5,992,000.
    Grand Savings Bank's payroll and benefits expense were $8,960,000.
    Grand Savings Bank's property, plant and equipment expenses $1,710,000.

    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 $483,250
    Deposits held in domestic offices $483,250
    Deposits by Individuals, partnerships, and corporations $398,379
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $60,213
    Deposits by Commercial banks and other depository institutions in U.S. $24,658
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $40,614
    Demand deposits $16,425
    Nontransaction accounts $442,636
    Money market deposit accounts (MMDAs) $53,250
    Other savings deposits (excluding MMDAs) $201,566
    Total time deposits $187,820
    Total time and savings deposits $466,825
    Noninterest-bearing deposits $16,425
    Interest-bearing deposits $466,825
    Retail deposits $429,450
    IRAs and Keogh plan accounts $18,640
    Brokered deposits $12,836
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $541,467
    Cash & Balances due from depository institutions $50,067
    Interest-bearing balances $36,989
    Total securities $33,683
    Federal funds sold & reverse repurchase $30,365
    Net loans and leases $408,848
    Loan and leases loss allowance $3,104
    Trading account assets $0
    Bank premises and fixed assets $13,271
    Other real estate owned $0
    Goodwill and other intangibles $367
    All other assets $4,866

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $541,467
    Total Liabilities $491,825
    Total deposits $483,250
    Interest-bearing deposits $466,825
    Deposits held in domestic offices $483,250
    % insured (estimated) $80
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $3,433
    Subordinated debt $0
    All other liabilities $5,142

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $408,848
    Loan and leases loss allowance $3,104
    Total loans and leases (domestic) $411,952
    All real estate loans $321,406
    Real estate loans in domestic offices $321,406
    Construction and development loans $62,849
    Residential 1-4 family construction $36,790
    Other construction, all land development and other land $26,059
    Loans secured by nonfarm nonresidential properties $96,918
    Nonfarm nonresidential secured by owner-occupied properties $52,973
    Commercial real estate & other non-farm, non-residential $43,945
    Multifamily residential real estate $3,952
    1-4 family residential loans $125,340
    Farmland loans $32,347
    Loans held in foreign offices $0
    Farm loans $9,636
    Commercial and industrial loans $36,647
    To non-U.S. addressees $0
    Loans to individuals $41,522
    Credit card loans $989
    Related Plans $388
    Consumer Auto Loans $15,416
    Other loans to individuals $24,729
    All other loans & leases $2,741
    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 $963
    Non 1-4 family restructured loans & leases $302
    Total loans and leases (foreign) $0

    Grand Savings Bank had $408,848,000 of loans outstanding in 2019. $321,406,000 of loans were in real estate loans. $62,849,000 of loans were in development loans. $3,952,000 of loans were in multifamily mortgage loans. $125,340,000 of loans were in 1-4 family mortgage loans. $9,636,000 of loans were in farm loans. $989,000 of loans were in credit card loans. $15,416,000 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 280 $50,252 $179,471
    Nonfarm, nonresidential loans - <$100k 92 $4,177 $45,402
    Nonfarm, nonresidential loans - $100-250k 98 $12,291 $125,418
    Nonfarm, nonresidential loans - $250k-1MM 90 $33,784 $375,378
    Commercial & Industrial, US addressed loans - <$1MM 898 $31,020 $34,543
    Commercial & Industrial, US addressed loans - <$100k 805 $15,356 $19,076
    Commercial & Industrial, US addressed loans - $100-250k 61 $6,299 $103,262
    Commercial & Industrial, US addressed loans - $250k-1MM 32 $9,365 $292,656
    Farmland loans - <$1MM 145 $17,909 $123,510
    Farmland loans - <$100k 57 $2,435 $42,719
    Farmland loans - $100-250k 61 $8,058 $132,098
    Farmland loans - $250k-1MM 27 $7,416 $274,667
    Agriculture operations loans - <$1MM 496 $8,983 $18,111
    Agriculture operations loans - <$100k 479 $7,365 $15,376
    Agriculture operations loans - $100-250k 17 $1,618 $95,176