Valor Bank Mortgage Rates, Fees & Info
Edmond, OKLEI: 5493004WQK3PHW1SDP63
Tax ID: 73-0242140
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Bank Data
Review & Overview
Valor Bank is a smaller bank specializing in Home Purchase and Refi loans. Valor Bank has a high proportion of conventional loans. Their top markets by origination volume include: Oklahoma City, Dallas, Austin, Tulsa, and Charlottesville among others. We have data for 34 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.
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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.47% | 4/28/24 |
| 30 Year Conventional Refi | 6.64% | 4/28/24 |
| 30 Year Cash-out Refi | 6.65% | 4/28/24 |
| 30 Year FHA Purchase | 6.27% | 4/28/24 |
| 30 Year VA Purchase | 6.43% | 4/28/24 |
| 15 Year Conventional Purchase | 5.82% | 4/28/24 |
| 15 Year Conventional Refi | 5.93% | 4/28/24 |
| 15 Year Cash-out Refi | 5.93% | 4/28/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Valor Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
791Origination Dollar Volume (All Markets)
$201,955,000Employee count
41Top 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) | 709 | $180,585,000 | $254,704 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 15 | $5,435,000 | $362,333 | $0 | 0.00% |
| Outside of Metro Areas | 9 | $2,305,000 | $256,111 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 4 | $1,280,000 | $320,000 | $0 | 0.00% |
| TULSA, OK (FHA|USDA|VA) | 6 | $1,020,000 | $170,000 | $0 | 0.00% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 3 | $1,005,000 | $335,000 | $0 | 0.00% |
| Weatherford, OK (FHA|USDA|VA) | 3 | $895,000 | $298,333 | $0 | 0.00% |
| McAlester, OK (FHA|USDA|VA) | 2 | $860,000 | $430,000 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $850,000 | $425,000 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 3 | $805,000 | $268,333 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $625,000 | $625,000 | $0 | 0.00% |
| Stillwater, OK (FHA|USDA|VA) | 3 | $585,000 | $195,000 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $0 | 0.00% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 3 | $515,000 | $171,667 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 0.00% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 3 | $395,000 | $131,667 | $0 | 0.00% |
| Woodward, OK (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $0 | 0.00% |
| Durant, OK (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $0 | 0.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| Shawnee, OK (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $0 | 0.00% |
| WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| OCALA, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| Tahlequah, OK (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| LINCOLN, NE (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| Duncan, OK (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| LAWTON, OK (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| Stephenville, TX (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
| Altus, OK (FHA|USDA|VA) | 2 | $80,000 | $40,000 | $0 | 0.00% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| JOPLIN, MO (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $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 | 790 | $201,680,000 | $255,291 | $0 | 0.00% |
| VA | 1 | $275,000 | $275,000 | $0 | 0.00% |
For 2021, Valor Bank's most frequently originated type of loan was Conventional, with 790 originations. Their 2nd most popular type was VA, with 1 originations.
Loan Reason
For 2021, Valor Bank's most frequently cited loan purpose was Home Purchase, with 435 originations. The 2nd most popular reason was Refi, with 259 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 791 | $201,955,000 | $255,316 | $0 | 0.00% |
For 2021, Valor Bank's most frequently cited loan duration was Other, with 791 originations.
Loan Sizing
2021 saw Valor Bank place emphasis on $200k-400k loans with 288 originations, totaling $80,210,000 in origination value.
Applicant Income
Valor Bank lent most frequently to those with incomes in the $100k-150k range, with 158 originations. The second most popular income band? $150k-250k, with 143 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 791 | $201,955,000 | $255,316 | $0 | 0.00% |
Valor Bank lent most frequently to those with DTI ratios of Exempt%, with 791 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.38%
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 origination77.50%
Valor Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 791 | $201,955,000 | $255,316 |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Valor Bank | 1501 Renaissance Blvd. Edmond, OK 73013 | Full Service B&M | $152,367 |
For 2021, Valor Bank had 1 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $6,344 |
| Net interest income | $5,070 |
| Total noninterest income | $5,496 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $5 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $5,491 |
| Pre-tax net operating income | $3,007 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $2,863 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $2,863 |
| Minority interest net income | $0 |
| Net income | $2,863 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $2,863 |
Valor Bank's gross interest income from loans was $6,344,000.
Valor Bank's net interest income from loans was $5,070,000.
Valor Bank's fee based income from loans was $5,000.
Valor Bank's net income from loans was $2,863,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $1,274 |
| Provision for credit losses | $319 |
| Total noninterest expense | $7,240 |
| Salaries and employee benefits | $5,463 |
| Premises and equipment expense | $427 |
| Additional noninterest expense | $1,350 |
| Applicable income taxes | $144 |
| Net charge-offs | $0 |
| Cash dividends | $1,744 |
Valor Bank's interest expense for loans was $1,274,000.
Valor Bank's payroll and benefits expense were $5,463,000.
Valor Bank's property, plant and equipment expenses $427,000.
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 | $179,790 |
| Deposits held in domestic offices | $179,790 |
| Deposits by Individuals, partnerships, and corporations | $171,619 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $5,944 |
| Deposits by Commercial banks and other depository institutions in U.S. | $2,227 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $32,667 |
| Demand deposits | $32,667 |
| Nontransaction accounts | $147,123 |
| Money market deposit accounts (MMDAs) | $85,637 |
| Other savings deposits (excluding MMDAs) | $721 |
| Total time deposits | $60,765 |
| Total time and savings deposits | $147,123 |
| Noninterest-bearing deposits | $23,803 |
| Interest-bearing deposits | $155,987 |
| Retail deposits | $159,957 |
| IRAs and Keogh plan accounts | $6,556 |
| Brokered deposits | $1,686 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $195,384 |
| Cash & Balances due from depository institutions | $49,256 |
| Interest-bearing balances | $48,196 |
| Total securities | $0 |
| Federal funds sold & reverse repurchase | $6,416 |
| Net loans and leases | $134,497 |
| Loan and leases loss allowance | $1,065 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $3,649 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $1,566 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $195,384 |
| Total Liabilities | $180,126 |
| Total deposits | $179,790 |
| Interest-bearing deposits | $155,987 |
| Deposits held in domestic offices | $179,790 |
| % insured (estimated) | $68 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $336 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $134,497 |
| Loan and leases loss allowance | $1,065 |
| Total loans and leases (domestic) | $135,562 |
| All real estate loans | $131,640 |
| Real estate loans in domestic offices | $131,640 |
| Construction and development loans | $19,251 |
| Residential 1-4 family construction | $12,670 |
| Other construction, all land development and other land | $6,581 |
| Loans secured by nonfarm nonresidential properties | $28,074 |
| Nonfarm nonresidential secured by owner-occupied properties | $10,915 |
| Commercial real estate & other non-farm, non-residential | $17,159 |
| Multifamily residential real estate | $5,621 |
| 1-4 family residential loans | $77,567 |
| Farmland loans | $1,127 |
| Loans held in foreign offices | $0 |
| Farm loans | $61 |
| Commercial and industrial loans | $4,022 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $203 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $9 |
| Other loans to individuals | $194 |
| All other loans & leases | $104 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $104 |
| 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 $134,497,000 of loans outstanding in 2021. $131,640,000 of loans were in real estate loans. $19,251,000 of loans were in development loans. $5,621,000 of loans were in multifamily mortgage loans. $77,567,000 of loans were in 1-4 family mortgage loans. $61,000 of loans were in farm loans. $0 of loans were in credit card loans. $9,000 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 | 20 | $9,834 | $491,700 |
| Nonfarm, nonresidential loans - <$100k | 1 | $74 | $74,000 |
| Nonfarm, nonresidential loans - $100-250k | 5 | $803 | $160,600 |
| Nonfarm, nonresidential loans - $250k-1MM | 14 | $8,957 | $639,786 |
| Commercial & Industrial, US addressed loans - <$1MM | 37 | $2,926 | $79,081 |
| Commercial & Industrial, US addressed loans - <$100k | 23 | $557 | $24,217 |
| Commercial & Industrial, US addressed loans - $100-250k | 9 | $1,074 | $119,333 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 5 | $1,295 | $259,000 |
| Farmland loans - <$1MM | 1 | $450 | $450,000 |
| Farmland loans - $250k-1MM | 1 | $450 | $450,000 |
| Agriculture operations loans - <$1MM | 1 | $61 | $61,000 |
| Agriculture operations loans - <$100k | 1 | $61 | $61,000 |