Global Bank Mortgage Rates, Fees & Info
New York, NYLEI: 5493004N6GEASXJ2A896
Tax ID: 20-5187849
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Mortgage Data
Bank Data
Review & Overview
Global Bank is a smaller bank specializing in Home Purchase loans. Global Bank has a high proportion of conventional loans. Their top (well, only) market is New York.Global 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.
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Originations
40Origination Dollar Volume (All Markets)
$17,780,000Employee count
31Top 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 |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 40 | $17,780,000 | $444,500 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 40 | $17,780,000 | $444,500 | $0 | 0.00% |
For 2018, Global Bank's most frequently originated type of loan was Conventional, with 40 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 33 | $14,615,000 | $442,879 | $0 | 0.00% |
| Refi | 5 | $1,705,000 | $341,000 | $0 | 0.00% |
| Cash Out Refi | 2 | $1,460,000 | $730,000 | $0 | 0.00% |
For 2018, Global Bank's most frequently cited loan purpose was Home Purchase, with 33 originations. The 2nd most popular reason was Refi, with 5 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 40 | $17,780,000 | $444,500 | $0 | 0.00% |
For 2018, Global Bank's most frequently cited loan duration was Other, with 40 originations.
Loan Sizing
2018 saw Global Bank place emphasis on $400k-600k loans with 17 originations, totaling $7,955,000 in origination value.
Applicant Income
Global Bank lent most frequently to those with incomes in the $50k-75k range, with 12 originations. The second most popular income band? $75k-100k, with 8 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 40 | $17,780,000 | $444,500 | $0 | 0.00% |
Global Bank lent most frequently to those with DTI ratios of Exempt%, with 40 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.41%
Global Bank has an average approval rate.
Pick Rate
Approvals leading to origination70.00%
Global Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 40 | $17,780,000 | $444,500 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 2 | $1,970,000 | $985,000 |
| Single Family (1-4 Units):Site-Built | 38 | $15,810,000 | $416,053 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 1 | $1,005,000 | $1,005,000 | $0 | 0.00% |
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Global Equity Finance, Inc. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 16.7% |
| Global Equity Finance, Inc. | Conventional home mortgage | Trouble during payment process | 1 | 16.7% |
| Global Equity Finance, Inc. | FHA mortgage | Closing on a mortgage | 1 | 16.7% |
| Global Equity Finance, Inc. | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 1 | 16.7% |
| Global Equity Finance, Inc. | Reverse mortgage | Closing on a mortgage | 1 | 16.7% |
| Global Equity Finance, Inc. | VA 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 | $127,418 |
For 2018, Global Bank had 1 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $8,284 |
| Net interest income | $6,101 |
| Total noninterest income | $471 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $21 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $450 |
| Pre-tax net operating income | $875 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $660 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $660 |
| Minority interest net income | $0 |
| Net income | $660 |
| Sale, conversion, retirement of capital stock, net | $1,994 |
| Net operating income | $660 |
Global Bank's gross interest income from loans was $8,284,000.
Global Bank's net interest income from loans was $6,101,000.
Global Bank's fee based income from loans was $21,000.
Global Bank's net income from loans was $660,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $2,183 |
| Provision for credit losses | $56 |
| Total noninterest expense | $5,641 |
| Salaries and employee benefits | $2,772 |
| Premises and equipment expense | $1,403 |
| Additional noninterest expense | $1,466 |
| Applicable income taxes | $215 |
| Net charge-offs | $-11 |
| Cash dividends | $0 |
Global Bank's interest expense for loans was $2,183,000.
Global Bank's payroll and benefits expense were $2,772,000.
Global Bank's property, plant and equipment expenses $1,403,000.
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 | $141,695 |
| Deposits held in domestic offices | $141,695 |
| Deposits by Individuals, partnerships, and corporations | $104,596 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $10,766 |
| Deposits by Commercial banks and other depository institutions in U.S. | $26,333 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $17,842 |
| Demand deposits | $17,699 |
| Nontransaction accounts | $123,853 |
| Money market deposit accounts (MMDAs) | $15,407 |
| Other savings deposits (excluding MMDAs) | $4,698 |
| Total time deposits | $103,748 |
| Total time and savings deposits | $123,996 |
| Noninterest-bearing deposits | $17,842 |
| Interest-bearing deposits | $123,853 |
| Retail deposits | $126,202 |
| IRAs and Keogh plan accounts | $3,332 |
| Brokered deposits | $1 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $170,323 |
| Cash & Balances due from depository institutions | $15,551 |
| Interest-bearing balances | $15,023 |
| Total securities | $4,461 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $144,629 |
| Loan and leases loss allowance | $1,452 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $1,684 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $3,998 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $170,323 |
| Total Liabilities | $149,753 |
| Total deposits | $141,695 |
| Interest-bearing deposits | $123,853 |
| Deposits held in domestic offices | $141,695 |
| % insured (estimated) | $85 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $7,000 |
| Subordinated debt | $0 |
| All other liabilities | $1,058 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $144,629 |
| Loan and leases loss allowance | $1,452 |
| Total loans and leases (domestic) | $146,081 |
| All real estate loans | $144,620 |
| Real estate loans in domestic offices | $144,620 |
| Construction and development loans | $8,245 |
| Residential 1-4 family construction | $0 |
| Other construction, all land development and other land | $8,245 |
| Loans secured by nonfarm nonresidential properties | $98,925 |
| Nonfarm nonresidential secured by owner-occupied properties | $37,147 |
| Commercial real estate & other non-farm, non-residential | $61,778 |
| Multifamily residential real estate | $7,847 |
| 1-4 family residential loans | $29,603 |
| Farmland loans | $0 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $1,871 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $20 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $0 |
| Other loans to individuals | $20 |
| 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 $144,629,000 of loans outstanding in 2018. $144,620,000 of loans were in real estate loans. $8,245,000 of loans were in development loans. $7,847,000 of loans were in multifamily mortgage loans. $29,603,000 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 | 58 | $30,745 | $530,086 |
| Nonfarm, nonresidential loans - $100-250k | 6 | $1,072 | $178,667 |
| Nonfarm, nonresidential loans - $250k-1MM | 52 | $29,673 | $570,635 |
| Commercial & Industrial, US addressed loans - <$1MM | 8 | $1,871 | $233,875 |
| Commercial & Industrial, US addressed loans - <$100k | 4 | $180 | $45,000 |
| Commercial & Industrial, US addressed loans - $100-250k | 1 | $140 | $140,000 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 3 | $1,551 | $517,000 |