Global Bank Mortgage Rates, Fees & Info

New York, NY

LEI: 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

40

Origination Dollar Volume (All Markets)

$17,780,000

Employee count

31

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
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 40 $17,780,000 $444,500 $0 0.00%
Global Bank's top markets include and New York among others.

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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 17 $7,955,000 $467,941 $0 0.00%
    $200k-400k 16 $5,310,000 $331,875 $0 0.00%
    $600k-1MM 4 $3,160,000 $790,000 $0 0.00%
    $100k-200k 2 $350,000 $175,000 $0 0.00%
    $1MM+ 1 $1,005,000 $1,005,000 $0 0.00%

    2018 saw Global Bank place emphasis on $400k-600k loans with 17 originations, totaling $7,955,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 12 $4,220,000 $351,667 $0 0.00%
    $75k-100k 8 $3,800,000 $475,000 $0 0.00%
    $100k-150k 5 $2,105,000 $421,000 $0 0.00%
    $150k-250k 4 $2,050,000 $512,500 $0 0.00%
    $50k or less 2 $540,000 $270,000 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 30 $12,390,000 $413,000 $0 0.00%
    Not applicable 9 $5,065,000 $562,778 $0 0.00%
    Not provided 1 $325,000 $325,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    88.41%

    Global Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    70.00%

    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