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 Cash Out Refi loans. Grandview Bank has a high proportion of conventional loans. Their top markets by origination volume include: Dallas, Poplar Bluff, Austin, and Waco 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

    97

    Origination Dollar Volume (All Markets)

    $12,965,000

    Employee count

    38

    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) 73 $9,025,000 $123,630 $0 0.00%
    Outside of Metro Areas 21 $2,935,000 $139,762 $0 0.00%
    Poplar Bluff, MO (FHA|USDA|VA) 1 $495,000 $495,000 $0 0.00%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $375,000 $375,000 $0 0.00%
    WACO, TX (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
    Grandview Bank's top markets include Dallas, Poplar Bluff, Austin, and Waco among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 97 $12,965,000 $133,660 $0 0.00%

    For 2019, Grandview Bank's most frequently originated type of loan was Conventional, with 97 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 44 $8,700,000 $197,727 $0 0.00%
    Cash Out Refi 27 $2,785,000 $103,148 $0 0.00%
    Home Improvement 16 $1,010,000 $63,125 $0 0.00%
    Other 10 $470,000 $47,000 $0 0.00%

    For 2019, Grandview Bank's most frequently cited loan purpose was Home Purchase, with 44 originations. The 2nd most popular reason was Cash Out Refi, with 27 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 97 $12,965,000 $133,660 $0 0.00%

    For 2019, Grandview Bank's most frequently cited loan duration was Other, with 97 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 57 $3,185,000 $55,877 $0 0.00%
    $100k-200k 23 $3,005,000 $130,652 $0 0.00%
    $200k-400k 13 $3,845,000 $295,769 $0 0.00%
    $600k-1MM 2 $1,380,000 $690,000 $0 0.00%
    $1MM+ 1 $1,055,000 $1,055,000 $0 0.00%
    $400k-600k 1 $495,000 $495,000 $0 0.00%

    2019 saw Grandview Bank place emphasis on $100,000 or less loans with 57 originations, totaling $3,185,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 18 $2,110,000 $117,222 $0 0.00%
    $50k or less 16 $1,080,000 $67,500 $0 0.00%
    $150k-250k 14 $2,480,000 $177,143 $0 0.00%
    $100k-150k 10 $1,060,000 $106,000 $0 0.00%
    $50k-75k 9 $535,000 $59,444 $0 0.00%
    $250k+ 6 $710,000 $118,333 $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 16 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 97 $12,965,000 $133,660 $0 0.00%

    Grandview Bank lent most frequently to those with DTI ratios of Exempt%, with 97 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 77 $8,245,000 $107,078 $0 0.00%
    Not applicable 19 $4,545,000 $239,211 $0 0.00%
    Black 1 $175,000 $175,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    86.99%

    Grandview Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.69%

    Grandview Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 97 $12,965,000 $133,660

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $205,000 $205,000
    Multifamily:Site-Built 2 $1,380,000 $690,000
    Single Family (1-4 Units):Manufactured 9 $775,000 $86,111
    Single Family (1-4 Units):Site-Built 85 $10,605,000 $124,765

    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)
    Grandview Bank 100 Percifield Trail Alvarado, TX 76009 Limited, Drive-thru $0
    Grandview Bank 303 Colonial Drive Cleburne, TX 76031 Full Service B&M $112,654
    Grandview Bank Second And Criner Streets Grandview, TX 76050 Full Service B&M $88,152

    For 2019, Grandview Bank had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $10,534
    Net interest income $9,365
    Total noninterest income $1,056
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $368
    Trading account gains and fees $0
    Additional Noninterest Income $688
    Pre-tax net operating income $4,871
    Securities gains (or losses, -) $17
    Income before extraordinary items $3,970
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,970
    Minority interest net income $0
    Net income $3,970
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,956

    Grandview Bank's gross interest income from loans was $10,534,000.
    Grandview Bank's net interest income from loans was $9,365,000.
    Grandview Bank's fee based income from loans was $368,000.
    Grandview Bank's net income from loans was $3,970,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,169
    Provision for credit losses $325
    Total noninterest expense $5,225
    Salaries and employee benefits $3,012
    Premises and equipment expense $394
    Additional noninterest expense $1,819
    Applicable income taxes $918
    Net charge-offs $88
    Cash dividends $0

    Grandview Bank's interest expense for loans was $1,169,000.
    Grandview Bank's payroll and benefits expense were $3,012,000.
    Grandview Bank's property, plant and equipment expenses $394,000.

    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 $233,836
    Deposits held in domestic offices $233,836
    Deposits by Individuals, partnerships, and corporations $223,059
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $10,777
    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 $126,796
    Demand deposits $97,051
    Nontransaction accounts $107,040
    Money market deposit accounts (MMDAs) $44,986
    Other savings deposits (excluding MMDAs) $18,107
    Total time deposits $43,947
    Total time and savings deposits $136,785
    Noninterest-bearing deposits $97,051
    Interest-bearing deposits $136,785
    Retail deposits $214,438
    IRAs and Keogh plan accounts $4,359
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $258,775
    Cash & Balances due from depository institutions $34,718
    Interest-bearing balances $30,985
    Total securities $51,547
    Federal funds sold & reverse repurchase $0
    Net loans and leases $163,783
    Loan and leases loss allowance $1,732
    Trading account assets $0
    Bank premises and fixed assets $2,897
    Other real estate owned $0
    Goodwill and other intangibles $672
    All other assets $5,158

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $258,775
    Total Liabilities $234,354
    Total deposits $233,836
    Interest-bearing deposits $136,785
    Deposits held in domestic offices $233,836
    % insured (estimated) $56
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $518

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $163,783
    Loan and leases loss allowance $1,732
    Total loans and leases (domestic) $165,515
    All real estate loans $109,512
    Real estate loans in domestic offices $109,512
    Construction and development loans $5,573
    Residential 1-4 family construction $2,981
    Other construction, all land development and other land $2,592
    Loans secured by nonfarm nonresidential properties $63,091
    Nonfarm nonresidential secured by owner-occupied properties $35,399
    Commercial real estate & other non-farm, non-residential $27,692
    Multifamily residential real estate $0
    1-4 family residential loans $38,146
    Farmland loans $2,702
    Loans held in foreign offices $0
    Farm loans $4,859
    Commercial and industrial loans $34,321
    To non-U.S. addressees $0
    Loans to individuals $15,997
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $5,799
    Other loans to individuals $10,198
    All other loans & leases $826
    Loans to foreign governments and official institutions $0
    Other loans $124
    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 $163,783,000 of loans outstanding in 2019. $109,512,000 of loans were in real estate loans. $5,573,000 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $38,146,000 of loans were in 1-4 family mortgage loans. $4,859,000 of loans were in farm loans. $0 of loans were in credit card loans. $5,799,000 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 $22,497 $169,150
    Nonfarm, nonresidential loans - <$100k 40 $1,669 $41,725
    Nonfarm, nonresidential loans - $100-250k 51 $6,301 $123,549
    Nonfarm, nonresidential loans - $250k-1MM 42 $14,527 $345,881
    Commercial & Industrial, US addressed loans - <$1MM 338 $17,690 $52,337
    Commercial & Industrial, US addressed loans - <$100k 271 $4,896 $18,066
    Commercial & Industrial, US addressed loans - $100-250k 40 $4,717 $117,925
    Commercial & Industrial, US addressed loans - $250k-1MM 27 $8,077 $299,148
    Farmland loans - <$1MM 21 $2,701 $128,619
    Farmland loans - <$100k 8 $433 $54,125
    Farmland loans - $100-250k 10 $1,277 $127,700
    Farmland loans - $250k-1MM 3 $991 $330,333
    Agriculture operations loans - <$1MM 130 $4,858 $37,369
    Agriculture operations loans - <$100k 116 $2,270 $19,569
    Agriculture operations loans - $100-250k 8 $736 $92,000
    Agriculture operations loans - $250k-1MM 6 $1,852 $308,667