Guaranty Bank And Trust Company Mortgage Rates, Fees & Info
Belzoni, MSLEI: 5493007B7MEWKMDWUZ73
Tax ID: 64-0166511
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Bank Data
Review & Overview
Guaranty Bank And Trust Company is a smaller bank specializing in Home Purchase and Refi loans. Guaranty Bank And Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Memphis, Oxford, Vicksburg, Starkville, and Greenwood among others. We have data for 33 markets. (Some data included below & more in-depth data is available with an active subscription.)Guaranty Bank And Trust Company 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.54% | 4/21/24 |
| 30 Year Conventional Refi | 6.45% | 4/21/24 |
| 30 Year Cash-out Refi | 6.57% | 4/21/24 |
| 30 Year FHA Purchase | 6.27% | 4/21/24 |
| 30 Year VA Refi | 6.27% | 4/21/24 |
| 30 Year USDA Purchase | 6.27% | 4/21/24 |
| 15 Year Conventional Purchase | 6.28% | 4/21/24 |
| 15 Year Conventional Refi | 5.40% | 4/21/24 |
| 15 Year Cash-out Refi | 5.40% | 4/21/24 |
| 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. | ||
Guaranty Bank And Trust Company Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
596Origination Dollar Volume (All Markets)
$146,470,000Employee count
270Top 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 |
|---|---|---|---|---|---|
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 315 | $76,025,000 | $241,349 | $0 | 0.00% |
| Outside of Metro Areas | 90 | $13,050,000 | $145,000 | $0 | 0.00% |
| Oxford, MS (FHA|USDA|VA) | 11 | $11,005,000 | $1,000,455 | $0 | 0.00% |
| Vicksburg, MS (FHA|USDA|VA) | 27 | $5,745,000 | $212,778 | $0 | 0.00% |
| Starkville, MS (FHA|USDA|VA) | 13 | $4,935,000 | $379,615 | $0 | 0.00% |
| Greenwood, MS (FHA|USDA|VA) | 17 | $4,815,000 | $283,235 | $0 | 0.00% |
| Greenville, MS (FHA|USDA|VA) | 38 | $4,130,000 | $108,684 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 4 | $3,850,000 | $962,500 | $0 | 0.00% |
| Cullowhee, NC (FHA|USDA|VA) | 1 | $3,515,000 | $3,515,000 | $0 | 0.00% |
| Cleveland, MS (FHA|USDA|VA) | 15 | $3,455,000 | $230,333 | $0 | 0.00% |
| JACKSON, MS (FHA|USDA|VA) | 13 | $3,195,000 | $245,769 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 7 | $2,315,000 | $330,714 | $0 | 0.00% |
| Grenada, MS (FHA|USDA|VA) | 11 | $2,175,000 | $197,727 | $0 | 0.00% |
| Indianola, MS (FHA|USDA|VA) | 13 | $1,675,000 | $128,846 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 3 | $1,135,000 | $378,333 | $0 | 0.00% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $715,000 | $715,000 | $0 | 0.00% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $0 | 0.00% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $0 | 0.00% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $0 | 0.00% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 0.00% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| Tupelo, MS (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| Fort Payne, AL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| Cullman, AL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| Clarksdale, MS (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 596 | $146,470,000 | $245,755 | $0 | 0.00% |
For 2021, Guaranty Bank And Trust Company's most frequently originated type of loan was Conventional, with 596 originations.
Loan Reason
For 2021, Guaranty Bank And Trust Company's most frequently cited loan purpose was Home Purchase, with 299 originations. The 2nd most popular reason was Refi, with 196 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 596 | $146,470,000 | $245,755 | $0 | 0.00% |
For 2021, Guaranty Bank And Trust Company's most frequently cited loan duration was Other, with 596 originations.
Loan Sizing
2021 saw Guaranty Bank And Trust Company place emphasis on $100k-200k loans with 193 originations, totaling $28,345,000 in origination value.
Applicant Income
Guaranty Bank And Trust Company lent most frequently to those with incomes in the $100k-150k range, with 97 originations. The second most popular income band? $50k-75k, with 90 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 596 | $146,470,000 | $245,755 | $0 | 0.00% |
Guaranty Bank And Trust Company lent most frequently to those with DTI ratios of Exempt%, with 596 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.30%
Guaranty Bank And Trust Company has an average approval rate.
Pick Rate
Approvals leading to origination83.56%
Guaranty Bank And Trust Company has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 596 | $146,470,000 | $245,755 |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| GUARANTY HOME MORTGAGE CORPORATION | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Guaranty Bank and Trust Company | 101 S. Lafayette, Suite 12 Starkville, MS 39759 | Full Service B&M | $1 |
| Guaranty Bank and Trust Company | 106 South Main Street Derma, MS 38839 | Full Service B&M | $3,167 |
| Guaranty Bank and Trust Company | 1200 Hwy 6 E Batesville, MS 38606 | Full Service B&M | $0 |
| Guaranty Bank and Trust Company | 122 Howard Street Greenwood, MS 38930 | Full Service B&M | $20,833 |
| Guaranty Bank and Trust Company | 1433 Sunset Drive Grenada, MS 38901 | Full Service B&M | $55,847 |
| Guaranty Bank and Trust Company | 1900 Cherry Street Vicksburg,, MS 39180 | Full Service B&M | $41,870 |
| Guaranty Bank and Trust Company | 201 East Avenue South Hollandale, MS 38748 | Full Service B&M | $123,173 |
| Guaranty Bank and Trust Company | 210 N. Hayden St Belzoni, MS 39038 | Full Service B&M | $135,716 |
| Guaranty Bank and Trust Company | 215 Highway 82 West Indianola, MS 38751 | Full Service B&M | $32,844 |
| Guaranty Bank and Trust Company | 2249 Hwy 82 West Greenville, MS 38701 | Full Service B&M | $23,668 |
| Guaranty Bank and Trust Company | 2440 Mcingvale Road Hernando, MS 38632 | Full Service B&M | $88,311 |
| Guaranty Bank and Trust Company | 2600 Panola Street Hernando, MS 38632 | Full Service B&M | $0 |
| Guaranty Bank and Trust Company | 307 North Davis Avenue Cleveland, MS 38732 | Full Service B&M | $75,959 |
| Guaranty Bank and Trust Company | 3430 Halls Ferry Road Vicksburg, MS 39180 | Limited, Drive-thru | $0 |
| Guaranty Bank and Trust Company | 464 North Front Street Memphis, TN 38105 | Full Service B&M | $67,764 |
| Guaranty Bank and Trust Company | 470 Highway 6 East Batesville, MS 38606 | Full Service B&M | $127,841 |
| Guaranty Bank and Trust Company | 5040 Hwy 51 N Senatobia, MS 38668 | Full Service B&M | $82,557 |
| Guaranty Bank and Trust Company | 51 Germantown Court, Suite 100 Cordova, TN 38018 | Full Service B&M | $26,481 |
| Guaranty Bank and Trust Company | 5100 Poplar Avenue, Suite 80 Memphis, TN 38117 | Full Service B&M | $39,887 |
| Guaranty Bank and Trust Company | 536 Washington Avenue Greenville, MS 38701 | Full Service B&M | $118,337 |
| Guaranty Bank and Trust Company | 5960 Highway 64 Oakland, TN 38060 | Full Service B&M | $22,025 |
| Guaranty Bank and Trust Company | 601 Crescent Blvd, Ste 300 Ridgeland, MS 39157 | Full Service B&M | $0 |
| Guaranty Bank and Trust Company | 601 Crescent Blvd, Ste 300 Ridgeland, MS 39157 | Full Service B&M | $2,465 |
| Guaranty Bank and Trust Company | 6030 Getwell Road Southaven, MS 38672 | Full Service B&M | $39,525 |
| Guaranty Bank and Trust Company | Highway 1 South Greenville, MS 38701 | Full Service B&M | $94,670 |
For 2021, Guaranty Bank And Trust Company had 25 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $56,052 |
| Net interest income | $51,821 |
| Total noninterest income | $14,205 |
| Gross Fiduciary activities income | $20 |
| Service charges on deposit accounts | $3,602 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $10,583 |
| Pre-tax net operating income | $23,183 |
| Securities gains (or losses, -) | $4 |
| Income before extraordinary items | $23,187 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $23,187 |
| Minority interest net income | $0 |
| Net income | $23,187 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $23,183 |
Guaranty Bank And Trust Company's gross interest income from loans was $56,052,000.
Guaranty Bank And Trust Company's net interest income from loans was $51,821,000.
Guaranty Bank And Trust Company's fee based income from loans was $3,602,000.
Guaranty Bank And Trust Company's net income from loans was $23,187,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $4,231 |
| Provision for credit losses | $2,385 |
| Total noninterest expense | $40,458 |
| Salaries and employee benefits | $24,706 |
| Premises and equipment expense | $6,142 |
| Additional noninterest expense | $9,610 |
| Applicable income taxes | $0 |
| Net charge-offs | $222 |
| Cash dividends | $14,452 |
Guaranty Bank And Trust Company's interest expense for loans was $4,231,000.
Guaranty Bank And Trust Company's payroll and benefits expense were $24,706,000.
Guaranty Bank And Trust Company's property, plant and equipment expenses $6,142,000.
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 | 1.0% |
| 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 | 0.7% |
| 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 | $1,299,884 |
| Deposits held in domestic offices | $1,299,884 |
| Deposits by Individuals, partnerships, and corporations | $1,163,322 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $136,562 |
| Deposits by Commercial banks and other depository institutions in U.S. | $0 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $9,397 |
| Demand deposits | $7,914 |
| Nontransaction accounts | $1,290,487 |
| Money market deposit accounts (MMDAs) | $1,006,616 |
| Other savings deposits (excluding MMDAs) | $53,224 |
| Total time deposits | $230,647 |
| Total time and savings deposits | $1,291,970 |
| Noninterest-bearing deposits | $7,914 |
| Interest-bearing deposits | $1,291,970 |
| Retail deposits | $1,192,130 |
| IRAs and Keogh plan accounts | $23,015 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $1,437,205 |
| Cash & Balances due from depository institutions | $78,226 |
| Interest-bearing balances | $50,371 |
| Total securities | $303,162 |
| Federal funds sold & reverse repurchase | $15,250 |
| Net loans and leases | $966,575 |
| Loan and leases loss allowance | $14,417 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $31,356 |
| Other real estate owned | $113 |
| Goodwill and other intangibles | $7,857 |
| All other assets | $34,666 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $1,437,205 |
| Total Liabilities | $1,313,340 |
| Total deposits | $1,299,884 |
| Interest-bearing deposits | $1,291,970 |
| Deposits held in domestic offices | $1,299,884 |
| % insured (estimated) | $69 |
| Federal funds purchased and repurchase agreements | $1,851 |
| Trading liabilities | $0 |
| Other borrowed funds | $2,188 |
| Subordinated debt | $0 |
| All other liabilities | $9,417 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $966,575 |
| Loan and leases loss allowance | $14,417 |
| Total loans and leases (domestic) | $980,992 |
| All real estate loans | $671,244 |
| Real estate loans in domestic offices | $671,244 |
| Construction and development loans | $105,315 |
| Residential 1-4 family construction | $18,779 |
| Other construction, all land development and other land | $86,536 |
| Loans secured by nonfarm nonresidential properties | $304,550 |
| Nonfarm nonresidential secured by owner-occupied properties | $162,819 |
| Commercial real estate & other non-farm, non-residential | $141,731 |
| Multifamily residential real estate | $46,579 |
| 1-4 family residential loans | $135,237 |
| Farmland loans | $79,563 |
| Loans held in foreign offices | $0 |
| Farm loans | $82,664 |
| Commercial and industrial loans | $191,765 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $9,446 |
| Credit card loans | $1,317 |
| Related Plans | $295 |
| Consumer Auto Loans | $1,254 |
| Other loans to individuals | $6,580 |
| All other loans & leases | $30,533 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $17,771 |
| 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 | $4,091 |
| Non 1-4 family restructured loans & leases | $3,304 |
| Total loans and leases (foreign) | $0 |
Guaranty Bank and Trust Company had $966,575,000 of loans outstanding in 2021. $671,244,000 of loans were in real estate loans. $105,315,000 of loans were in development loans. $46,579,000 of loans were in multifamily mortgage loans. $135,237,000 of loans were in 1-4 family mortgage loans. $82,664,000 of loans were in farm loans. $1,317,000 of loans were in credit card loans. $1,254,000 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 | 632 | $120,860 | $191,234 |
| Nonfarm, nonresidential loans - <$100k | 178 | $6,631 | $37,253 |
| Nonfarm, nonresidential loans - $100-250k | 210 | $25,373 | $120,824 |
| Nonfarm, nonresidential loans - $250k-1MM | 244 | $88,856 | $364,164 |
| Commercial & Industrial, US addressed loans - <$1MM | 1,786 | $107,465 | $60,171 |
| Commercial & Industrial, US addressed loans - <$100k | 1,383 | $29,305 | $21,189 |
| Commercial & Industrial, US addressed loans - $100-250k | 231 | $25,711 | $111,303 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 172 | $52,449 | $304,936 |
| Farmland loans - <$1MM | 222 | $23,531 | $105,995 |
| Farmland loans - <$100k | 105 | $3,672 | $34,971 |
| Farmland loans - $100-250k | 82 | $10,352 | $126,244 |
| Farmland loans - $250k-1MM | 35 | $9,507 | $271,629 |
| Agriculture operations loans - <$1MM | 305 | $18,212 | $59,711 |
| Agriculture operations loans - <$100k | 206 | $5,682 | $27,583 |
| Agriculture operations loans - $100-250k | 64 | $6,614 | $103,344 |
| Agriculture operations loans - $250k-1MM | 35 | $5,916 | $169,029 |