Grandview Bank Mortgage Rates, Fees & Info

Grandview, TX

LEI: 5493004GBTNTG3N1GE77

Tax ID: 75-0299137

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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

    Grandview Bank is a smaller bank specializing in Home Purchase and Refi loans. Grandview Bank has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Killeen, Stephenville, and Granbury among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Grandview Bank has an average approval rate when compared to the average across all lenders. They have a below 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

    102

    Origination Dollar Volume (All Markets)

    $12,680,000

    Employee count

    33

    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
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 74 $6,990,000 $94,459 $0 0.00%
    Outside of Metro Areas 24 $3,980,000 $165,833 $0 0.00%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $1,205,000 $1,205,000 $0 0.00%
    Stephenville, TX (FHA|USDA|VA) 1 $275,000 $275,000 $0 0.00%
    Granbury, TX (FHA|USDA|VA) 2 $230,000 $115,000 $0 0.00%
    Grandview Bank's top markets include Dallas, Killeen, Stephenville, and Granbury among others.

    Their top states include:
  • Texas (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 102 $12,680,000 $124,314 $0 0.00%

    For 2018, Grandview Bank's most frequently originated type of loan was Conventional, with 102 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 49 $7,205,000 $147,041 $0 0.00%
    Home Improvement 17 $845,000 $49,706 $0 0.00%
    Other 17 $1,165,000 $68,529 $0 0.00%
    Cash Out Refi 12 $920,000 $76,667 $0 0.00%
    Refi 7 $2,545,000 $363,571 $0 0.00%

    For 2018, Grandview Bank's most frequently cited loan purpose was Home Purchase, with 49 originations. The 2nd most popular reason was Home Improvement, with 17 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 102 $12,680,000 $124,314 $0 0.00%

    For 2018, Grandview Bank's most frequently cited loan duration was Other, with 102 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 70 $3,720,000 $53,143 $0 0.00%
    $100k-200k 18 $2,510,000 $139,444 $0 0.00%
    $200k-400k 9 $2,595,000 $288,333 $0 0.00%
    $400k-600k 2 $850,000 $425,000 $0 0.00%
    $600k-1MM 2 $1,800,000 $900,000 $0 0.00%
    $1MM+ 1 $1,205,000 $1,205,000 $0 0.00%

    2018 saw Grandview Bank place emphasis on $100,000 or less loans with 70 originations, totaling $3,720,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 18 $1,330,000 $73,889 $0 0.00%
    $50k or less 17 $805,000 $47,353 $0 0.00%
    $150k-250k 14 $2,890,000 $206,429 $0 0.00%
    $100k-150k 12 $1,530,000 $127,500 $0 0.00%
    $250k+ 11 $3,245,000 $295,000 $0 0.00%
    $50k-75k 9 $685,000 $76,111 $0 0.00%

    Grandview Bank lent most frequently to those with incomes in the $75k-100k range, with 18 originations. The second most popular income band? $50k or less, with 17 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 102 $12,680,000 $124,314 $0 0.00%

    Grandview Bank lent most frequently to those with DTI ratios of Exempt%, with 102 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 80 $10,450,000 $130,625 $0 0.00%
    Not applicable 21 $2,195,000 $104,524 $0 0.00%
    Black 1 $35,000 $35,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    82.98%

    Grandview Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    85.29%

    Grandview Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 102 $12,680,000 $124,314

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 20 $1,410,000 $70,500
    Single Family (1-4 Units):Site-Built 82 $11,270,000 $137,439

    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)
    Grandview Bank 100 Percifield Trail Alvarado, TX 76009 Limited, Drive-thru $0
    Grandview Bank 303 Colonial Drive Cleburne, TX 76031 Full Service B&M $103,894
    Grandview Bank Second And Criner Streets Grandview, TX 76050 Full Service B&M $85,568

    For 2018, Grandview Bank had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $8,648
    Net interest income $8,025
    Total noninterest income $1,011
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $376
    Trading account gains and fees $0
    Additional Noninterest Income $635
    Pre-tax net operating income $4,137
    Securities gains (or losses, -) $0
    Income before extraordinary items $3,368
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,368
    Minority interest net income $0
    Net income $3,368
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,368

    Grandview Bank's gross interest income from loans was $8,648,000.
    Grandview Bank's net interest income from loans was $8,025,000.
    Grandview Bank's fee based income from loans was $376,000.
    Grandview Bank's net income from loans was $3,368,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $623
    Provision for credit losses $355
    Total noninterest expense $4,544
    Salaries and employee benefits $2,613
    Premises and equipment expense $347
    Additional noninterest expense $1,584
    Applicable income taxes $769
    Net charge-offs $196
    Cash dividends $302

    Grandview Bank's interest expense for loans was $623,000.
    Grandview Bank's payroll and benefits expense were $2,613,000.
    Grandview Bank's property, plant and equipment expenses $347,000.

    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 $183,874
    Deposits held in domestic offices $183,874
    Deposits by Individuals, partnerships, and corporations $173,833
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $10,041
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $92,652
    Demand deposits $66,408
    Nontransaction accounts $91,222
    Money market deposit accounts (MMDAs) $39,992
    Other savings deposits (excluding MMDAs) $20,230
    Total time deposits $31,000
    Total time and savings deposits $117,466
    Noninterest-bearing deposits $66,408
    Interest-bearing deposits $117,466
    Retail deposits $176,864
    IRAs and Keogh plan accounts $4,230
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $202,974
    Cash & Balances due from depository institutions $14,048
    Interest-bearing balances $8,745
    Total securities $58,026
    Federal funds sold & reverse repurchase $0
    Net loans and leases $122,426
    Loan and leases loss allowance $1,494
    Trading account assets $0
    Bank premises and fixed assets $2,962
    Other real estate owned $0
    Goodwill and other intangibles $672
    All other assets $4,840

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $202,974
    Total Liabilities $184,158
    Total deposits $183,874
    Interest-bearing deposits $117,466
    Deposits held in domestic offices $183,874
    % insured (estimated) $70
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $284

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $122,426
    Loan and leases loss allowance $1,494
    Total loans and leases (domestic) $123,920
    All real estate loans $80,809
    Real estate loans in domestic offices $80,809
    Construction and development loans $7,919
    Residential 1-4 family construction $2,634
    Other construction, all land development and other land $5,285
    Loans secured by nonfarm nonresidential properties $36,400
    Nonfarm nonresidential secured by owner-occupied properties $28,067
    Commercial real estate & other non-farm, non-residential $8,333
    Multifamily residential real estate $0
    1-4 family residential loans $33,893
    Farmland loans $2,597
    Loans held in foreign offices $0
    Farm loans $4,268
    Commercial and industrial loans $24,416
    To non-U.S. addressees $0
    Loans to individuals $13,702
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $4,722
    Other loans to individuals $8,980
    All other loans & leases $724
    Loans to foreign governments and official institutions $0
    Other loans $80
    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 $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Grandview Bank had $122,426,000 of loans outstanding in 2018. $80,809,000 of loans were in real estate loans. $7,919,000 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $33,893,000 of loans were in 1-4 family mortgage loans. $4,268,000 of loans were in farm loans. $0 of loans were in credit card loans. $4,722,000 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 133 $36,400 $273,684
    Nonfarm, nonresidential loans - <$100k 39 $1,622 $41,590
    Nonfarm, nonresidential loans - $100-250k 46 $5,752 $125,043
    Nonfarm, nonresidential loans - $250k-1MM 48 $29,026 $604,708
    Commercial & Industrial, US addressed loans - <$1MM 333 $24,326 $73,051
    Commercial & Industrial, US addressed loans - <$100k 267 $5,232 $19,596
    Commercial & Industrial, US addressed loans - $100-250k 40 $4,915 $122,875
    Commercial & Industrial, US addressed loans - $250k-1MM 26 $14,179 $545,346
    Farmland loans - <$1MM 19 $2,597 $136,684
    Farmland loans - <$100k 7 $450 $64,286
    Farmland loans - $100-250k 9 $1,119 $124,333
    Farmland loans - $250k-1MM 3 $1,028 $342,667
    Agriculture operations loans - <$1MM 131 $4,268 $32,580
    Agriculture operations loans - <$100k 122 $2,326 $19,066
    Agriculture operations loans - $100-250k 4 $346 $86,500
    Agriculture operations loans - $250k-1MM 5 $1,596 $319,200