Grand Savings Bank Mortgage Rates, Fees & Info

Grove, OK

LEI: 5493003K28DNSKKT2059

Tax ID: 73-1108238

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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, Crestview, Miami, and Tulsa among others. We have data for 14 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

    222

    Origination Dollar Volume (All Markets)

    $60,990,000

    Employee count

    179

    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) 122 $33,480,000 $274,426 $0 0.00%
    Outside of Metro Areas 55 $9,125,000 $165,909 $0 0.00%
    FORT SMITH, AR-OK (FHA|USDA|VA) 13 $7,915,000 $608,846 $0 0.00%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $4,355,000 $4,355,000 $0 0.00%
    Miami, OK (FHA|USDA|VA) 14 $1,510,000 $107,857 $0 0.00%
    TULSA, OK (FHA|USDA|VA) 9 $1,305,000 $145,000 $0 0.00%
    Mountain Home, AR (FHA|USDA|VA) 1 $975,000 $975,000 $0 0.00%
    Bartlesville, OK (FHA|USDA|VA) 1 $645,000 $645,000 $0 0.00%
    Salina, KS (FHA|USDA|VA) 1 $465,000 $465,000 $0 0.00%
    THE VILLAGES, FL (FHA|USDA|VA) 1 $365,000 $365,000 $0 0.00%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
    SPRINGFIELD, MO (FHA|USDA|VA) 1 $255,000 $255,000 $0 0.00%
    Harrison, AR (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
    Grand Savings Bank's top markets include Fayetteville, Fort Smith, Crestview, Miami, and Tulsa among others.

    Their top states include:
  • Arkansas (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Kansas (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 222 $60,990,000 $274,730 $0 0.00%

    For 2021, Grand Savings Bank's most frequently originated type of loan was Conventional, with 222 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 154 $44,140,000 $286,623 $0 0.00%
    Refi 51 $15,225,000 $298,529 $0 0.00%
    Other 11 $1,205,000 $109,545 $0 0.00%
    Home Improvement 6 $420,000 $70,000 $0 0.00%

    For 2021, Grand Savings Bank's most frequently cited loan purpose was Home Purchase, with 154 originations. The 2nd most popular reason was Refi, with 51 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 222 $60,990,000 $274,730 $0 0.00%

    For 2021, Grand Savings Bank's most frequently cited loan duration was Other, with 222 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 73 $10,655,000 $145,959 $0 0.00%
    $100,000 or less 58 $3,760,000 $64,828 $0 0.00%
    $200k-400k 55 $15,235,000 $277,000 $0 0.00%
    $600k-1MM 16 $11,870,000 $741,875 $0 0.00%
    $400k-600k 15 $7,335,000 $489,000 $0 0.00%
    $1MM+ 5 $12,135,000 $2,427,000 $0 0.00%

    2021 saw Grand Savings Bank place emphasis on $100k-200k loans with 73 originations, totaling $10,655,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 33 $4,205,000 $127,424 $0 0.00%
    $100k-150k 26 $4,270,000 $164,231 $0 0.00%
    $150k-250k 26 $6,890,000 $265,000 $0 0.00%
    $75k-100k 22 $3,660,000 $166,364 $0 0.00%
    $50k or less 15 $1,585,000 $105,667 $0 0.00%
    $250k+ 14 $4,570,000 $326,429 $0 0.00%

    Grand Savings Bank lent most frequently to those with incomes in the $50k-75k range, with 33 originations. The second most popular income band? $100k-150k, with 26 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 222 $60,990,000 $274,730 $0 0.00%

    Grand Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 222 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 82 $35,020,000 $427,073 $0 0.00%
    White 117 $22,305,000 $190,641 $0 0.00%
    American Indian 18 $2,370,000 $131,667 $0 0.00%
    Asian 2 $670,000 $335,000 $0 0.00%
    Other Asian 1 $215,000 $215,000 $0 0.00%
    Black 1 $215,000 $215,000 $0 0.00%
    Asian Indian 1 $195,000 $195,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.48%

    Grand Savings Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    95.50%

    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 222 $60,990,000 $274,730

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    222 $60,990,000 $274,730

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Greentree & Associates Conventional home mortgage Closing on a mortgage 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Grand Savings Bank 1222 North Main Street Jay, OK 74346 Full Service B&M $119,172
    Grand Savings Bank 101 S Gentry Blvd Gentry, AR 72734 Full Service B&M $29,175
    Grand Savings Bank 1022 South Main Street Grove, OK 74344 Full Service B&M $159,809
    Grand Savings Bank 15 S Block Ave Suite 102 Fayetteville, AR 72701 Full Service B&M $15,109
    Grand Savings Bank 1660 West U.S. Highway 412 Siloam Springs, AR 72761 Full Service B&M $73,595
    Grand Savings Bank 198 Atlanta Street Se Gravette, AR 72736 Full Service B&M $20,414
    Grand Savings Bank 2350 W. Hudson Rd. Rogers, AR 72756 Full Service B&M $22,973
    Grand Savings Bank 3401 Sw 2nd Street, Suite 115 Bentonville, AR 72712 Full Service B&M $101,567
    Grand Savings Bank 372 Sh 59 N Decatur, AR 72722 Full Service B&M $28,415
    Grand Savings Bank 4201 South Dixieland Road Rogers, AR 72758 Full Service B&M $58,820
    Grand Savings Bank 610 Conner Avenue Fairland, OK 74343 Full Service B&M $17,836
    Grand Savings Bank 9117 Hwy 71 S Fort Smith, AR 72908 Full Service B&M $9,997

    For 2021, Grand Savings Bank had 12 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $30,998
    Net interest income $28,440
    Total noninterest income $5,484
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $2,021
    Trading account gains and fees $0
    Additional Noninterest Income $3,463
    Pre-tax net operating income $14,708
    Securities gains (or losses, -) $89
    Income before extraordinary items $11,013
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $11,013
    Minority interest net income $0
    Net income $11,013
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $10,942

    Grand Savings Bank's gross interest income from loans was $30,998,000.
    Grand Savings Bank's net interest income from loans was $28,440,000.
    Grand Savings Bank's fee based income from loans was $2,021,000.
    Grand Savings Bank's net income from loans was $11,013,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,558
    Provision for credit losses $905
    Total noninterest expense $18,311
    Salaries and employee benefits $10,538
    Premises and equipment expense $1,909
    Additional noninterest expense $5,864
    Applicable income taxes $3,784
    Net charge-offs $-341
    Cash dividends $1,202

    Grand Savings Bank's interest expense for loans was $2,558,000.
    Grand Savings Bank's payroll and benefits expense were $10,538,000.
    Grand Savings Bank's property, plant and equipment expenses $1,909,000.

    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 $695,961
    Deposits held in domestic offices $695,961
    Deposits by Individuals, partnerships, and corporations $605,067
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $86,769
    Deposits by Commercial banks and other depository institutions in U.S. $4,125
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $381,585
    Demand deposits $169,096
    Nontransaction accounts $314,376
    Money market deposit accounts (MMDAs) $112,062
    Other savings deposits (excluding MMDAs) $62,619
    Total time deposits $139,696
    Total time and savings deposits $526,865
    Noninterest-bearing deposits $169,096
    Interest-bearing deposits $526,865
    Retail deposits $653,853
    IRAs and Keogh plan accounts $19,400
    Brokered deposits $3,380
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $770,486
    Cash & Balances due from depository institutions $128,631
    Interest-bearing balances $119,264
    Total securities $47,056
    Federal funds sold & reverse repurchase $14,631
    Net loans and leases $558,750
    Loan and leases loss allowance $5,274
    Trading account assets $0
    Bank premises and fixed assets $16,482
    Other real estate owned $0
    Goodwill and other intangibles $259
    All other assets $4,677

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $770,486
    Total Liabilities $699,915
    Total deposits $695,961
    Interest-bearing deposits $526,865
    Deposits held in domestic offices $695,961
    % insured (estimated) $73
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $1,980
    Subordinated debt $0
    All other liabilities $1,974

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $558,750
    Loan and leases loss allowance $5,274
    Total loans and leases (domestic) $564,024
    All real estate loans $455,699
    Real estate loans in domestic offices $455,699
    Construction and development loans $114,621
    Residential 1-4 family construction $59,553
    Other construction, all land development and other land $55,068
    Loans secured by nonfarm nonresidential properties $135,626
    Nonfarm nonresidential secured by owner-occupied properties $61,663
    Commercial real estate & other non-farm, non-residential $73,963
    Multifamily residential real estate $4,819
    1-4 family residential loans $162,513
    Farmland loans $38,120
    Loans held in foreign offices $0
    Farm loans $7,270
    Commercial and industrial loans $54,746
    To non-U.S. addressees $0
    Loans to individuals $44,710
    Credit card loans $1,159
    Related Plans $207
    Consumer Auto Loans $17,674
    Other loans to individuals $25,670
    All other loans & leases $1,599
    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 $505
    Non 1-4 family restructured loans & leases $197
    Total loans and leases (foreign) $0

    Grand Savings Bank had $558,750,000 of loans outstanding in 2021. $455,699,000 of loans were in real estate loans. $114,621,000 of loans were in development loans. $4,819,000 of loans were in multifamily mortgage loans. $162,513,000 of loans were in 1-4 family mortgage loans. $7,270,000 of loans were in farm loans. $1,159,000 of loans were in credit card loans. $17,674,000 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 283 $60,905 $215,212
    Nonfarm, nonresidential loans - $100-250k 77 $3,748 $48,675
    Nonfarm, nonresidential loans - $250k-1MM 206 $57,157 $277,461
    Commercial & Industrial, US addressed loans - <$1MM 858 $34,299 $39,976
    Commercial & Industrial, US addressed loans - $100-250k 754 $16,564 $21,968
    Commercial & Industrial, US addressed loans - $250k-1MM 104 $17,735 $170,529
    Farmland loans - <$1MM 161 $31,397 $195,012
    Farmland loans - $100-250k 43 $1,970 $45,814
    Farmland loans - $250k-1MM 118 $29,427 $249,381
    Agriculture operations loans - <$1MM 397 $7,270 $18,312
    Agriculture operations loans - $100-250k 386 $6,228 $16,135
    Agriculture operations loans - $250k-1MM 11 $1,042 $94,727