Global Bank Mortgage Rates, Fees & Info

New York, NY

LEI: 5493004N6GEASXJ2A896

Tax ID: 20-5187849

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Global Bank is a smaller bank specializing in Home Purchase loans. Global Bank has a high proportion of conventional loans. Their top markets include and New York among others. Global Bank has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors.


Originations

286

Origination Dollar Volume (All Markets)

$133,610,000

Employee count

37

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 286 $133,610,000 $467,168 $0 0.00%

Global Bank's top markets include and New York among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 286 $133,610,000 $467,168 $0 0.00%

For the 2021 period, Global Bank's most frequently originated loan type of loans were Conventional, with 286 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 262 $120,750,000 $460,878 $0 0.00%
Cash Out Refi 12 $6,300,000 $525,000 $0 0.00%
Refi 10 $5,380,000 $538,000 $0 0.00%
Home Improvement 2 $1,180,000 $590,000 $0 0.00%

For the 2021, Global Bank's most frequently cited loan purpose of loans were Home Purchase, with 262 originations. The 2nd most popular reason of loans were Cash Out Refi, with 12 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
Other 286 $133,610,000 $467,168 $0 0.00%

For the 2021, Global Bank's most frequently cited loan length of loans were Other, with 286 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$400k-600k 121 $57,455,000 $474,835 $0 0.00%
$200k-400k 109 $35,755,000 $328,028 $0 0.00%
$600k-1MM 51 $38,655,000 $757,941 $0 0.00%
$100k-200k 4 $570,000 $142,500 $0 0.00%
$1MM+ 1 $1,175,000 $1,175,000 $0 0.00%

2021 saw Global Bank place emphasis on $400k-600k loans with 121 originations, totaling $57,455,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$75k-100k 111 $45,265,000 $407,793 $0 0.00%
$100k-150k 74 $41,250,000 $557,432 $0 0.00%
$50k-75k 63 $20,245,000 $321,349 $0 0.00%
$150k-250k 31 $24,165,000 $779,516 $0 0.00%
$50k or less 3 $415,000 $138,333 $0 0.00%
$250k+ 1 $975,000 $975,000 $0 0.00%

Global Bank lent most frequently to those with incomes in the $75k-100k range, with 111 originations. The second most popular income band? $100k-150k, with 74 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
Exempt% 286 $133,610,000 $467,168 $0 0.00%

Global Bank lent most frequently to those with DTI ratios of Exempt%, with 286 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
Asian 283 $132,315,000 $467,544 $0 0.00%
Not applicable 2 $940,000 $470,000 $0 0.00%
Not provided 1 $355,000 $355,000 $0 0.00%

Approval Rates

Total approvals of all applications
89.51%

Global Bank has an average approval rate.

Pick Rate

Approvals leading to origination
81.87%

Global Bank has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
Exempt 286 $133,610,000 $467,168

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
286 $133,610,000 $467,168

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
Global Equity Finance, Inc. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 3 50.0%
Global Equity Finance, Inc. Conventional home mortgage Closing on a mortgage 2 33.3%
Global Equity Finance, Inc. Conventional home mortgage Trouble during payment process 1 16.7%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Global Bank 8 Catherine Street New York, NY 10038 Full Service B&M $176,703

For 2021, Global Bank had 1 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $10,201
Net interest income $9,256
Total noninterest income $4,036
Gross Fiduciary activities income $0
Service charges on deposit accounts $5
Trading account gains and fees $0
Additional Noninterest Income $4,031
Pre-tax net operating income $5,512
Securities gains (or losses, -) $0
Income before extraordinary items $4,272
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $4,272
Minority interest net income $0
Net income $4,272
Sale, conversion, retirement of capital stock, net $0
Net operating income $4,272

Global Bank's gross interest income from loans was $10,201,000.
Global Bank's net interest income from loans was $9,256,000.
Global Bank's fee based income from loans was $5,000.
Global Bank's net income from loans was $4,272,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $945
Provision for credit losses $230
Total noninterest expense $7,550
Salaries and employee benefits $4,097
Premises and equipment expense $1,387
Additional noninterest expense $2,066
Applicable income taxes $1,240
Net charge-offs $-4
Cash dividends $0

Global Bank's interest expense for loans was $945,000.
Global Bank's payroll and benefits expense were $4,097,000.
Global Bank's property, plant and equipment expenses $1,387,000.

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 1.0%
HELOC loans 0.0%
All other family 1.0%
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 $199,633
Deposits held in domestic offices $199,633
Deposits by Individuals, partnerships, and corporations $136,512
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $5,661
Deposits by Commercial banks and other depository institutions in U.S. $57,460
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $22,878
Demand deposits $20,409
Nontransaction accounts $176,755
Money market deposit accounts (MMDAs) $31,448
Other savings deposits (excluding MMDAs) $6,065
Total time deposits $139,242
Total time and savings deposits $179,224
Noninterest-bearing deposits $22,878
Interest-bearing deposits $176,755
Retail deposits $180,090
IRAs and Keogh plan accounts $3,311
Brokered deposits $15,045
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $231,976
Cash & Balances due from depository institutions $29,932
Interest-bearing balances $29,384
Total securities $2,714
Federal funds sold & reverse repurchase $0
Net loans and leases $193,586
Loan and leases loss allowance $2,576
Trading account assets $0
Bank premises and fixed assets $770
Other real estate owned $0
Goodwill and other intangibles $81
All other assets $4,893

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $231,976
Total Liabilities $201,526
Total deposits $199,633
Interest-bearing deposits $176,755
Deposits held in domestic offices $199,633
% insured (estimated) $82
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $268
Subordinated debt $0
All other liabilities $1,625

Issued Loan Types

Type Value (in 000's)
Net loans and leases $193,586
Loan and leases loss allowance $2,576
Total loans and leases (domestic) $196,162
All real estate loans $195,028
Real estate loans in domestic offices $195,028
Construction and development loans $4,829
Residential 1-4 family construction $0
Other construction, all land development and other land $4,829
Loans secured by nonfarm nonresidential properties $133,771
Nonfarm nonresidential secured by owner-occupied properties $39,680
Commercial real estate & other non-farm, non-residential $94,091
Multifamily residential real estate $16,105
1-4 family residential loans $40,323
Farmland loans $0
Loans held in foreign offices $0
Farm loans $0
Commercial and industrial loans $1,971
To non-U.S. addressees $0
Loans to individuals $0
Credit card loans $0
Related Plans $0
Consumer Auto Loans $0
Other loans to individuals $0
All other loans & leases $0
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 $0
Non 1-4 family restructured loans & leases $0
Total loans and leases (foreign) $0

Global Bank had $193,586,000 of loans outstanding in 2021. $195,028,000 of loans were in real estate loans. $4,829,000 of loans were in development loans. $16,105,000 of loans were in multifamily mortgage loans. $40,323,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $0 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 70 $38,576 $551,086
Nonfarm, nonresidential loans - <$100k 1 $98 $98,000
Nonfarm, nonresidential loans - $100-250k 5 $911 $182,200
Nonfarm, nonresidential loans - $250k-1MM 64 $37,567 $586,984
Commercial & Industrial, US addressed loans - <$1MM 13 $1,971 $151,615
Commercial & Industrial, US addressed loans - <$100k 8 $268 $33,500
Commercial & Industrial, US addressed loans - $100-250k 3 $658 $219,333
Commercial & Industrial, US addressed loans - $250k-1MM 2 $1,045 $522,500