Global Bank Mortgage Rates, Fees & Info

New York, NY

LEI: 5493004N6GEASXJ2A896

Tax ID: 20-5187849

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    Originations

    286

    Origination Dollar Volume (All Markets)

    $133,610,000

    Employee count

    37

    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) 286 $133,610,000 $467,168 $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 286 $133,610,000 $467,168 $0 0.00%

    For 2021, Global Bank's most frequently originated type of loan was Conventional, with 286 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Global Bank's most frequently cited loan purpose was Home Purchase, with 262 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 286 $133,610,000 $467,168 $0 0.00%

    For 2021, Global Bank's most frequently cited loan duration was 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
    88.80%

    Global Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.11%

    Global Bank has an 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