Valor Bank Mortgage Rates, Fees & Info
Edmond, OKLEI: 5493004WQK3PHW1SDP63
Tax ID: 73-0242140
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Mortgage Data
Bank Data
Review & Overview
Valor Bank is a smaller bank specializing in Refi and Home Purchase loans. Valor Bank has a high proportion of conventional loans. Their top markets by origination volume include: Oklahoma City, Dallas, Houston, Tulsa, and Weatherford among others. We have data for 22 markets. (Some data included below & more in-depth data is available with an active subscription.)Valor Bank has an above 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
493Origination Dollar Volume (All Markets)
$122,645,000Employee count
35Top 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 |
|---|---|---|---|---|---|
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 434 | $104,570,000 | $240,945 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 25 | $8,965,000 | $358,600 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 5 | $1,865,000 | $373,000 | $0 | 0.00% |
| TULSA, OK (FHA|USDA|VA) | 3 | $875,000 | $291,667 | $0 | 0.00% |
| Outside of Metro Areas | 4 | $730,000 | $182,500 | $0 | 0.00% |
| Weatherford, OK (FHA|USDA|VA) | 2 | $700,000 | $350,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $0 | 0.00% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 3 | $645,000 | $215,000 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $0 | 0.00% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $0 | 0.00% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 0.00% |
| Shawnee, OK (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $0 | 0.00% |
| Tahlequah, OK (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| WACO, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| LAWRENCE, KS (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| ENID, OK (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| Durant, OK (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| FORT COLLINS, CO (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| Stillwater, OK (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| Hutchinson, KS (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against VALOR BANK based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 492 | $122,020,000 | $248,008 | $0 | 0.00% |
| VA | 1 | $625,000 | $625,000 | $0 | 0.00% |
For 2020, Valor Bank's most frequently originated type of loan was Conventional, with 492 originations. Their 2nd most popular type was VA, with 1 originations.
Loan Reason
For 2020, Valor Bank's most frequently cited loan purpose was Refi, with 233 originations. The 2nd most popular reason was Home Purchase, with 215 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 493 | $122,645,000 | $248,773 | $0 | 0.00% |
For 2020, Valor Bank's most frequently cited loan duration was Other, with 493 originations.
Loan Sizing
2020 saw Valor Bank place emphasis on $200k-400k loans with 221 originations, totaling $62,825,000 in origination value.
Applicant Income
Valor Bank lent most frequently to those with incomes in the $150k-250k range, with 95 originations. The second most popular income band? $100k-150k, with 91 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 493 | $122,645,000 | $248,773 | $0 | 0.00% |
Valor Bank lent most frequently to those with DTI ratios of Exempt%, with 493 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.87%
Valor Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination73.43%
Valor Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 493 | $122,645,000 | $248,773 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 11 | $6,365,000 | $578,636 |
| Single Family (1-4 Units):Site-Built | 482 | $116,280,000 | $241,245 |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Valor Bank | 1501 Renaissance Blvd. Edmond, OK 73013 | Full Service B&M | $105,635 |
For 2020, Valor Bank had 1 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $5,585 |
| Net interest income | $3,961 |
| Total noninterest income | $5,188 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $6 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $5,182 |
| Pre-tax net operating income | $3,099 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $2,973 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $2,973 |
| Minority interest net income | $0 |
| Net income | $2,973 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $2,973 |
Valor Bank's gross interest income from loans was $5,585,000.
Valor Bank's net interest income from loans was $3,961,000.
Valor Bank's fee based income from loans was $6,000.
Valor Bank's net income from loans was $2,973,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $1,624 |
| Provision for credit losses | $111 |
| Total noninterest expense | $5,939 |
| Salaries and employee benefits | $4,577 |
| Premises and equipment expense | $395 |
| Additional noninterest expense | $967 |
| Applicable income taxes | $126 |
| Net charge-offs | $-1 |
| Cash dividends | $583 |
Valor Bank's interest expense for loans was $1,624,000.
Valor Bank's payroll and benefits expense were $4,577,000.
Valor Bank's property, plant and equipment expenses $395,000.
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 | $124,189 |
| Deposits held in domestic offices | $124,189 |
| Deposits by Individuals, partnerships, and corporations | $115,692 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $3,547 |
| Deposits by Commercial banks and other depository institutions in U.S. | $4,950 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $10,148 |
| Demand deposits | $10,148 |
| Nontransaction accounts | $114,041 |
| Money market deposit accounts (MMDAs) | $57,525 |
| Other savings deposits (excluding MMDAs) | $415 |
| Total time deposits | $56,101 |
| Total time and savings deposits | $114,041 |
| Noninterest-bearing deposits | $6,699 |
| Interest-bearing deposits | $117,490 |
| Retail deposits | $103,677 |
| IRAs and Keogh plan accounts | $4,011 |
| Brokered deposits | $5,263 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $138,961 |
| Cash & Balances due from depository institutions | $2,371 |
| Interest-bearing balances | $1,514 |
| Total securities | $0 |
| Federal funds sold & reverse repurchase | $26,314 |
| Net loans and leases | $105,051 |
| Loan and leases loss allowance | $746 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $3,741 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $1,484 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $138,961 |
| Total Liabilities | $128,122 |
| Total deposits | $124,189 |
| Interest-bearing deposits | $117,490 |
| Deposits held in domestic offices | $124,189 |
| % insured (estimated) | $77 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $3,461 |
| Subordinated debt | $0 |
| All other liabilities | $472 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $105,051 |
| Loan and leases loss allowance | $746 |
| Total loans and leases (domestic) | $105,797 |
| All real estate loans | $97,443 |
| Real estate loans in domestic offices | $97,443 |
| Construction and development loans | $12,390 |
| Residential 1-4 family construction | $8,490 |
| Other construction, all land development and other land | $3,900 |
| Loans secured by nonfarm nonresidential properties | $19,734 |
| Nonfarm nonresidential secured by owner-occupied properties | $6,530 |
| Commercial real estate & other non-farm, non-residential | $13,204 |
| Multifamily residential real estate | $2,079 |
| 1-4 family residential loans | $62,325 |
| Farmland loans | $915 |
| Loans held in foreign offices | $0 |
| Farm loans | $12 |
| Commercial and industrial loans | $8,583 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $59 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $0 |
| Other loans to individuals | $59 |
| All other loans & leases | $45 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $45 |
| 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 |
VALOR BANK had $105,051,000 of loans outstanding in 2020. $97,443,000 of loans were in real estate loans. $12,390,000 of loans were in development loans. $2,079,000 of loans were in multifamily mortgage loans. $62,325,000 of loans were in 1-4 family mortgage loans. $12,000 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 | 15 | $6,716 | $447,733 |
| Nonfarm, nonresidential loans - <$100k | 1 | $76 | $76,000 |
| Nonfarm, nonresidential loans - $100-250k | 4 | $777 | $194,250 |
| Nonfarm, nonresidential loans - $250k-1MM | 10 | $5,863 | $586,300 |
| Commercial & Industrial, US addressed loans - <$1MM | 73 | $4,796 | $65,699 |
| Commercial & Industrial, US addressed loans - <$100k | 57 | $1,029 | $18,053 |
| Commercial & Industrial, US addressed loans - $100-250k | 8 | $864 | $108,000 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 8 | $2,903 | $362,875 |
| Agriculture operations loans - <$1MM | 1 | $12 | $12,000 |
| Agriculture operations loans - <$100k | 1 | $12 | $12,000 |