Global Bank Mortgage Rates, Fees & Info

New York, NY

LEI: 5493004N6GEASXJ2A896

Tax ID: 20-5187849

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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

    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.

    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

    120

    Origination Dollar Volume (All Markets)

    $63,820,000

    Employee count

    32

    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) 120 $63,820,000 $531,833 $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 120 $63,820,000 $531,833 $0 0.00%

    For 2020, Global Bank's most frequently originated type of loan was Conventional, with 120 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 102 $46,060,000 $451,569 $0 0.00%
    Cash Out Refi 12 $5,800,000 $483,333 $0 0.00%
    Refi 6 $11,960,000 $1,993,333 $0 0.00%

    For 2020, Global Bank's most frequently cited loan purpose was Home Purchase, with 102 originations. The 2nd most popular reason was Cash Out Refi, with 12 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 120 $63,820,000 $531,833 $0 0.00%

    For 2020, Global Bank's most frequently cited loan duration was Other, with 120 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 55 $17,895,000 $325,364 $0 0.00%
    $400k-600k 44 $21,240,000 $482,727 $0 0.00%
    $600k-1MM 19 $13,475,000 $709,211 $0 0.00%
    $1MM+ 2 $11,210,000 $5,605,000 $0 0.00%

    2020 saw Global Bank place emphasis on $200k-400k loans with 55 originations, totaling $17,895,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 48 $18,090,000 $376,875 $0 0.00%
    $100k-150k 36 $18,800,000 $522,222 $0 0.00%
    $50k-75k 18 $5,540,000 $307,778 $0 0.00%
    $150k-250k 14 $9,550,000 $682,143 $0 0.00%

    Global Bank lent most frequently to those with incomes in the $75k-100k range, with 48 originations. The second most popular income band? $100k-150k, with 36 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 120 $63,820,000 $531,833 $0 0.00%

    Global Bank lent most frequently to those with DTI ratios of Exempt%, with 120 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 115 $51,475,000 $447,609 $0 0.00%
    Not applicable 3 $11,435,000 $3,811,667 $0 0.00%
    Not provided 2 $910,000 $455,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    87.27%

    Global Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.17%

    Global Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 120 $63,820,000 $531,833

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $11,210,000 $5,605,000
    Single Family (1-4 Units):Site-Built 118 $52,610,000 $445,847

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    Global Trust Finance VA mortgage Closing on a mortgage 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Global Bank 8 Catherine Street New York, NY 10038 Full Service B&M $154,279

    For 2020, Global Bank had 1 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $10,313
    Net interest income $8,067
    Total noninterest income $1,741
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $10
    Trading account gains and fees $0
    Additional Noninterest Income $1,731
    Pre-tax net operating income $2,218
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,732
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,732
    Minority interest net income $0
    Net income $1,732
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,732

    Global Bank's gross interest income from loans was $10,313,000.
    Global Bank's net interest income from loans was $8,067,000.
    Global Bank's fee based income from loans was $10,000.
    Global Bank's net income from loans was $1,732,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,246
    Provision for credit losses $865
    Total noninterest expense $6,725
    Salaries and employee benefits $3,696
    Premises and equipment expense $1,401
    Additional noninterest expense $1,628
    Applicable income taxes $486
    Net charge-offs $-4
    Cash dividends $0

    Global Bank's interest expense for loans was $2,246,000.
    Global Bank's payroll and benefits expense were $3,696,000.
    Global Bank's property, plant and equipment expenses $1,401,000.

    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 $157,486
    Deposits held in domestic offices $157,486
    Deposits by Individuals, partnerships, and corporations $100,994
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $5,455
    Deposits by Commercial banks and other depository institutions in U.S. $51,037
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $18,169
    Demand deposits $17,997
    Nontransaction accounts $139,317
    Money market deposit accounts (MMDAs) $26,614
    Other savings deposits (excluding MMDAs) $5,871
    Total time deposits $106,832
    Total time and savings deposits $139,489
    Noninterest-bearing deposits $18,169
    Interest-bearing deposits $139,317
    Retail deposits $146,145
    IRAs and Keogh plan accounts $3,444
    Brokered deposits $12,048
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $202,434
    Cash & Balances due from depository institutions $8,417
    Interest-bearing balances $7,892
    Total securities $1,368
    Federal funds sold & reverse repurchase $0
    Net loans and leases $186,198
    Loan and leases loss allowance $2,342
    Trading account assets $0
    Bank premises and fixed assets $1,038
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $5,413

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $202,434
    Total Liabilities $176,211
    Total deposits $157,486
    Interest-bearing deposits $139,317
    Deposits held in domestic offices $157,486
    % insured (estimated) $82
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $17,390
    Subordinated debt $0
    All other liabilities $1,335

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $186,198
    Loan and leases loss allowance $2,342
    Total loans and leases (domestic) $188,540
    All real estate loans $186,778
    Real estate loans in domestic offices $186,778
    Construction and development loans $4,124
    Residential 1-4 family construction $0
    Other construction, all land development and other land $4,124
    Loans secured by nonfarm nonresidential properties $119,291
    Nonfarm nonresidential secured by owner-occupied properties $41,117
    Commercial real estate & other non-farm, non-residential $78,174
    Multifamily residential real estate $24,093
    1-4 family residential loans $39,270
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $2,458
    To non-U.S. addressees $0
    Loans to individuals $7
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $0
    Other loans to individuals $7
    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 $186,198,000 of loans outstanding in 2020. $186,778,000 of loans were in real estate loans. $4,124,000 of loans were in development loans. $24,093,000 of loans were in multifamily mortgage loans. $39,270,000 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 87 $70,693 $812,563
    Nonfarm, nonresidential loans - $100-250k 8 $1,403 $175,375
    Nonfarm, nonresidential loans - $250k-1MM 79 $69,290 $877,089
    Commercial & Industrial, US addressed loans - <$1MM 21 $2,458 $117,048
    Commercial & Industrial, US addressed loans - <$100k 14 $555 $39,643
    Commercial & Industrial, US addressed loans - $100-250k 5 $844 $168,800
    Commercial & Industrial, US addressed loans - $250k-1MM 2 $1,059 $529,500