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, Stephenville, Mcallen, 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

    103

    Origination Dollar Volume (All Markets)

    $11,515,000

    Employee count

    43

    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) 79 $9,445,000 $119,557 $0 0.00%
    Outside of Metro Areas 21 $1,665,000 $79,286 $0 0.00%
    Stephenville, TX (FHA|USDA|VA) 1 $265,000 $265,000 $0 0.00%
    MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
    WACO, TX (FHA|USDA|VA) 1 $15,000 $15,000 $0 0.00%
    Grandview Bank's top markets include Dallas, Stephenville, Mcallen, and Waco among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 103 $11,515,000 $111,796 $0 0.00%

    For 2020, Grandview Bank's most frequently originated type of loan was Conventional, with 103 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 53 $7,185,000 $135,566 $0 0.00%
    Cash Out Refi 19 $2,465,000 $129,737 $0 0.00%
    Home Improvement 15 $695,000 $46,333 $0 0.00%
    Other 11 $665,000 $60,455 $0 0.00%
    Refi 5 $505,000 $101,000 $0 0.00%

    For 2020, Grandview Bank's most frequently cited loan purpose was Home Purchase, with 53 originations. The 2nd most popular reason was Cash Out Refi, with 19 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 103 $11,515,000 $111,796 $0 0.00%

    For 2020, Grandview Bank's most frequently cited loan duration was Other, with 103 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 62 $3,270,000 $52,742 $0 0.00%
    $100k-200k 28 $3,890,000 $138,929 $0 0.00%
    $200k-400k 11 $3,005,000 $273,182 $0 0.00%
    $400k-600k 1 $475,000 $475,000 $0 0.00%
    $600k-1MM 1 $875,000 $875,000 $0 0.00%

    2020 saw Grandview Bank place emphasis on $100,000 or less loans with 62 originations, totaling $3,270,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 22 $1,380,000 $62,727 $0 0.00%
    $100k-150k 16 $2,000,000 $125,000 $0 0.00%
    $75k-100k 15 $1,275,000 $85,000 $0 0.00%
    $150k-250k 11 $1,105,000 $100,455 $0 0.00%
    $50k or less 11 $545,000 $49,545 $0 0.00%
    $250k+ 6 $1,290,000 $215,000 $0 0.00%

    Grandview Bank lent most frequently to those with incomes in the $50k-75k range, with 22 originations. The second most popular income band? $100k-150k, with 16 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 103 $11,515,000 $111,796 $0 0.00%

    Grandview Bank lent most frequently to those with DTI ratios of Exempt%, with 103 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 80 $7,540,000 $94,250 $0 0.00%
    Not applicable 22 $3,920,000 $178,182 $0 0.00%
    American Indian 1 $55,000 $55,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    84.62%

    Grandview Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    82.52%

    Grandview Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 103 $11,515,000 $111,796

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 3 $1,385,000 $461,667
    Single Family (1-4 Units):Manufactured 16 $940,000 $58,750
    Single Family (1-4 Units):Site-Built 84 $9,190,000 $109,405

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    Greentree & Associates Conventional home mortgage Trouble during payment process 2 66.7%
    Greentree & Associates FHA mortgage Struggling to pay mortgage 1 33.3%

    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 105 E. Criner St. Grandview, TX 76050 Full Service B&M $101,856
    Grandview Bank 139 College Park Drive Weatherford, TX 76086 Full Service B&M $4,692
    Grandview Bank 303 Colonial Drive Cleburne, TX 76031 Full Service B&M $148,968

    For 2020, Grandview Bank had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $12,375
    Net interest income $11,340
    Total noninterest income $1,079
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $304
    Trading account gains and fees $0
    Additional Noninterest Income $775
    Pre-tax net operating income $5,020
    Securities gains (or losses, -) $268
    Income before extraordinary items $4,271
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,271
    Minority interest net income $0
    Net income $4,271
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,053

    Grandview Bank's gross interest income from loans was $12,375,000.
    Grandview Bank's net interest income from loans was $11,340,000.
    Grandview Bank's fee based income from loans was $304,000.
    Grandview Bank's net income from loans was $4,271,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,035
    Provision for credit losses $950
    Total noninterest expense $6,449
    Salaries and employee benefits $3,895
    Premises and equipment expense $496
    Additional noninterest expense $2,058
    Applicable income taxes $1,017
    Net charge-offs $253
    Cash dividends $0

    Grandview Bank's interest expense for loans was $1,035,000.
    Grandview Bank's payroll and benefits expense were $3,895,000.
    Grandview Bank's property, plant and equipment expenses $496,000.

    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 1.0%
    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 $263,404
    Deposits held in domestic offices $263,404
    Deposits by Individuals, partnerships, and corporations $256,972
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $6,432
    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 $155,176
    Demand deposits $121,065
    Nontransaction accounts $108,228
    Money market deposit accounts (MMDAs) $45,586
    Other savings deposits (excluding MMDAs) $19,986
    Total time deposits $42,655
    Total time and savings deposits $142,339
    Noninterest-bearing deposits $121,065
    Interest-bearing deposits $142,339
    Retail deposits $251,955
    IRAs and Keogh plan accounts $4,576
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $301,627
    Cash & Balances due from depository institutions $49,391
    Interest-bearing balances $43,790
    Total securities $41,846
    Federal funds sold & reverse repurchase $0
    Net loans and leases $201,389
    Loan and leases loss allowance $2,429
    Trading account assets $0
    Bank premises and fixed assets $3,028
    Other real estate owned $0
    Goodwill and other intangibles $672
    All other assets $5,301

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $301,627
    Total Liabilities $272,288
    Total deposits $263,404
    Interest-bearing deposits $142,339
    Deposits held in domestic offices $263,404
    % insured (estimated) $64
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $8,000
    Subordinated debt $0
    All other liabilities $884

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $201,389
    Loan and leases loss allowance $2,429
    Total loans and leases (domestic) $203,818
    All real estate loans $135,743
    Real estate loans in domestic offices $135,743
    Construction and development loans $13,102
    Residential 1-4 family construction $7,874
    Other construction, all land development and other land $5,228
    Loans secured by nonfarm nonresidential properties $82,048
    Nonfarm nonresidential secured by owner-occupied properties $39,868
    Commercial real estate & other non-farm, non-residential $42,180
    Multifamily residential real estate $0
    1-4 family residential loans $37,124
    Farmland loans $3,469
    Loans held in foreign offices $0
    Farm loans $4,781
    Commercial and industrial loans $45,548
    To non-U.S. addressees $0
    Loans to individuals $17,132
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $6,869
    Other loans to individuals $10,263
    All other loans & leases $614
    Loans to foreign governments and official institutions $0
    Other loans $77
    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 $201,389,000 of loans outstanding in 2020. $135,743,000 of loans were in real estate loans. $13,102,000 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $37,124,000 of loans were in 1-4 family mortgage loans. $4,781,000 of loans were in farm loans. $0 of loans were in credit card loans. $6,869,000 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 143 $26,058 $182,224
    Nonfarm, nonresidential loans - <$100k 41 $1,622 $39,561
    Nonfarm, nonresidential loans - $100-250k 53 $6,566 $123,887
    Nonfarm, nonresidential loans - $250k-1MM 49 $17,870 $364,694
    Commercial & Industrial, US addressed loans - <$1MM 497 $21,804 $43,871
    Commercial & Industrial, US addressed loans - <$100k 414 $7,605 $18,370
    Commercial & Industrial, US addressed loans - $100-250k 51 $5,624 $110,275
    Commercial & Industrial, US addressed loans - $250k-1MM 32 $8,575 $267,969
    Farmland loans - <$1MM 22 $2,826 $128,455
    Farmland loans - <$100k 8 $462 $57,750
    Farmland loans - $100-250k 12 $1,862 $155,167
    Farmland loans - $250k-1MM 2 $502 $251,000
    Agriculture operations loans - <$1MM 130 $4,296 $33,046
    Agriculture operations loans - <$100k 119 $2,151 $18,076
    Agriculture operations loans - $100-250k 7 $712 $101,714
    Agriculture operations loans - $250k-1MM 4 $1,433 $358,250