Five Points Bank Mortgage Rates, Fees & Info

Grand Island, NE

LEI: 5493009DQQ81725XIJ49

Tax ID: 47-0803224

5 stars - out of 5 stars, based on 27 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Five Points Bank is a smaller bank specializing in Refi and Home Purchase loans. Five Points Bank has a high proportion of conventional loans. Their top markets include Omaha, Grand Island, Kearney, Lincoln, and Phoenix among others. Five Points Bank has an above average approval rate for mortages when compared nationally. They have an above average pick rate when compared to the same sample of other lendors. Five Points Bank is typically a low fee lendor.


Originations

717

Origination Dollar Volume (All Markets)

$174,605,000

Employee count

163 Show all (10) awards

Relative Rate

Five Points Bank's average 30 year fixed rate mortgage of loans were 2.93%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.22%.

Relative Fees

Five Points Bank's average total fees for a 30 year fixed rate mortgage are $1,975.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 198 $74,240,000 $374,949 $1,786 3.04%
GRAND ISLAND, NE (FHA|USDA|VA) 244 $43,670,000 $178,975 $1,563 3.19%
Kearney, NE (FHA|USDA|VA) 125 $24,315,000 $194,520 $1,548 2.89%
LINCOLN, NE (FHA|USDA|VA) 85 $17,755,000 $208,882 $1,368 3.55%
Outside of Metro Areas 34 $5,410,000 $159,118 $1,715 3.33%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 3 $2,875,000 $958,333 $2,055 3.40%
KANSAS CITY, MO-KS (FHA|USDA|VA) 2 $900,000 $450,000 $1,865 2.94%
Lexington, NE (FHA|USDA|VA) 7 $895,000 $127,857 $1,238 2.71%
Hastings, NE (FHA|USDA|VA) 4 $790,000 $197,500 $1,607 2.85%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $545,000 $545,000 $2,324 2.88%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $455,000 $455,000 $1,725 3.25%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $405,000 $405,000 $5,660 3.13%
Fremont, NE (FHA|USDA|VA) 3 $355,000 $118,333 $0 3.83%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $305,000 $305,000 $1,971 2.50%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $305,000 $305,000 $2,505 2.38%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 1 $285,000 $285,000 $6,461 3.13%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $285,000 $285,000 $2,538 5.00%
LAWRENCE, KS (FHA|USDA|VA) 1 $205,000 $205,000 $1,380 2.63%
North Platte, NE (FHA|USDA|VA) 1 $195,000 $195,000 $2,166 2.88%
COLUMBUS, OH (FHA|USDA|VA) 1 $195,000 $195,000 $2,240 2.25%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $175,000 $175,000 $0 3.75%
Beatrice, NE (FHA|USDA|VA) 1 $45,000 $45,000 $0 3.85%

Five Points Bank's top markets include Omaha, Grand Island, Kearney, Lincoln, and Phoenix among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 717 $174,605,000 $243,522 $1,649 3.14%

For the 2021 period, Five Points Bank's most frequently originated loan type of loans were Conventional, with 717 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 336 $73,140,000 $217,679 $1,689 2.84%
Home Purchase 317 $93,685,000 $295,536 $1,788 3.46%
Cash Out Refi 24 $3,250,000 $135,417 $1,605 2.73%
Home Improvement 21 $1,665,000 $79,286 $522 3.54%
Other 19 $2,865,000 $150,789 $904 3.29%

For the 2021, Five Points Bank's most frequently cited loan purpose of loans were Refi, with 336 originations. The 2nd most popular reason of loans were Home Purchase, with 317 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 223 $55,745,000 $249,978 $1,975 2.93%
5 Year 171 $50,935,000 $297,865 $361 3.88%
15 Year 137 $29,035,000 $211,934 $1,759 2.41%
Other 107 $20,545,000 $192,009 $720 3.46%
20 Year 55 $14,355,000 $261,000 $1,681 2.68%
1 Year 15 $3,025,000 $201,667 $0 4.25%
10 Year 5 $845,000 $169,000 $1,822 1.90%
3 Year 4 $120,000 $30,000 $65 4.10%

For the 2021, Five Points Bank's most frequently cited loan length of loans were 30 Year, with 223 originations. The 2nd most popular length of loans were 5 Year, with 171 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 498 $108,550,000 $217,972
$1k-2k 9 $2,305,000 $256,111
$2k-3k 3 $1,255,000 $418,333
$3k-4k 2 $550,000 $275,000

$1,975 of loans were Five Points Bank's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 498 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 307 $84,615,000 $275,619
2.5-3% 217 $54,875,000 $252,880
<2.5% 140 $30,410,000 $217,214
4-5% 47 $4,445,000 $94,574
5-6% 6 $260,000 $43,333

During 2021, Five Points Bank's average interest rate of loans were 2.93%, while their most frequently originated rate bucket of loans were 3-4%, with 307 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 282 $41,460,000 $147,021 $1,566 3.10%
$200k-400k 192 $52,380,000 $272,813 $1,822 2.93%
$100,000 or less 168 $10,920,000 $65,000 $1,007 3.54%
$400k-600k 61 $30,145,000 $494,180 $2,353 2.84%
$1MM+ 7 $34,565,000 $4,937,857 $3,206 3.29%
$600k-1MM 7 $5,135,000 $733,571 $1,875 3.66%

2021 saw Five Points Bank place emphasis on $100k-200k loans with 282 originations, totaling $41,460,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 128 $26,640,000 $208,125 $1,657 2.83%
$50k-75k 99 $15,005,000 $151,566 $1,485 2.98%
$50k or less 79 $8,735,000 $110,570 $1,367 2.94%
$250k+ 77 $31,245,000 $405,779 $1,882 2.89%
$150k-250k 70 $20,890,000 $298,429 $1,876 2.88%
$75k-100k 64 $11,910,000 $186,094 $1,722 2.89%

Five Points Bank lent most frequently to those with incomes in the $100k-150k range, with 128 originations. The second most popular income band? $50k-75k, with 99 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 169 $36,955,000 $218,669 $1,676 2.83%
<20% 105 $23,015,000 $219,190 $1,565 2.72%
30-36% 91 $19,875,000 $218,407 $1,668 2.87%
36% 25 $5,285,000 $211,400 $1,645 2.75%
38% 16 $3,740,000 $233,750 $2,064 2.93%
37% 15 $3,195,000 $213,000 $1,657 3.07%
42% 12 $3,800,000 $316,667 $1,965 2.95%
41% 11 $2,755,000 $250,455 $2,065 2.76%
43% 11 $2,795,000 $254,091 $1,644 3.07%
40% 10 $2,140,000 $214,000 $1,764 2.71%
39% 10 $1,420,000 $142,000 $1,463 2.89%
44% 10 $1,820,000 $182,000 $2,034 2.86%
46% 9 $1,415,000 $157,222 $1,173 3.20%
45% 7 $995,000 $142,143 $753 3.17%
48% 5 $655,000 $131,000 $1,169 3.08%
47% 4 $910,000 $227,500 $1,655 2.81%
49% 2 $350,000 $175,000 $897 2.67%
50-60% 2 $680,000 $340,000 $2,143 4.15%
>60% 1 $355,000 $355,000 $565 3.21%

Five Points Bank lent most frequently to those with DTI ratios of 20-30%, with 169 originations. The next most common DTI ratio? <20%, with 105 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 527 $111,625,000 $211,812 $1,651 2.97%
Not applicable 148 $53,410,000 $360,878 $0 3.81%
Not provided 22 $4,900,000 $222,727 $1,653 2.91%
Asian 15 $3,895,000 $259,667 $1,602 2.98%
Black 4 $700,000 $175,000 $1,455 3.43%
Native Hawaiian 1 $75,000 $75,000 $1,770 3.38%

Approval Rates

Total approvals of all applications
97.75%

Five Points 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 origination
95.84%

Five Points Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

Points and Fees

Points Originations Total Value Average Loan
NA 717 $174,605,000 $243,522

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
717 $174,605,000 $243,522

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 69 $10,445,000 $151,377 $1,226 3.08%
40-60% 131 $24,905,000 $190,115 $1,580 2.85%
60-80% 301 $73,005,000 $242,542 $1,787 3.11%
80-100% 165 $61,255,000 $371,242 $1,921 3.23%
Over 100% 3 $1,335,000 $445,000 $0 3.92%
Under 20% 25 $1,465,000 $58,600 $464 3.42%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Five Points Bank 100 West 5th Avenue Sumner, NE 68878 Full Service B&M $11,786
Five Points Bank 1809 W 39th Street Kearney, NE 68845 Limited, Drive-thru $0
Five Points Bank 1809 W. 39th St. Kearney, NE 68845 Full Service B&M $175,598
Five Points Bank 2009 Diers Avenue Grand Island, NE 68801 Full Service B&M $132,090
Five Points Bank 2015 North Broadwell Grand Island, NE 68801 Limited, Mobile/Seasonal Office $0
Five Points Bank 2015 North Broadwell Avenue Grand Island, NE 68803 Full Service B&M $444,660
Five Points Bank 2501 Central Avenue Kearney, NE 68847 Full Service B&M $30,000
Five Points Bank 3109 West Stolley Park Road Grand Island, NE 68801 Full Service B&M $389,824
Five Points Bank 518 North Eddy Street Grand Island, NE 68801 Full Service B&M $28,690
Five Points Bank 8500 South 30th Street Lincoln, NE 68516 Limited, Drive-thru $0
Five Points Bank 8500 South 30th Street Lincoln, NE 68516 Full Service B&M $41,115
Five Points Bank 8820 Arbor Street Omaha, NE 68124 Full Service B&M $260,667
Five Points Bank 9718 Giles Road La Vista, NE 68128 Full Service B&M $95,000
Five Points Bank 9817 Giles Road La Vista, NE 68128 Limited, Mobile/Seasonal Office $0

For 2021, Five Points Bank had 14 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $52,973
Net interest income $46,825
Total noninterest income $10,905
Gross Fiduciary activities income $1,178
Service charges on deposit accounts $608
Trading account gains and fees $0
Additional Noninterest Income $9,119
Pre-tax net operating income $29,484
Securities gains (or losses, -) $1,039
Income before extraordinary items $29,793
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $29,793
Minority interest net income $0
Net income $29,793
Sale, conversion, retirement of capital stock, net $0
Net operating income $28,774

Five Points Bank's gross interest income from loans was $52,973,000.
Five Points Bank's net interest income from loans was $46,825,000.
Five Points Bank's fee based income from loans was $608,000.
Five Points Bank's net income from loans was $29,793,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $6,148
Provision for credit losses $1,050
Total noninterest expense $27,196
Salaries and employee benefits $16,448
Premises and equipment expense $2,527
Additional noninterest expense $8,221
Applicable income taxes $730
Net charge-offs $-157
Cash dividends $10,000

Five Points Bank's interest expense for loans was $6,148,000.
Five Points Bank's payroll and benefits expense were $16,448,000.
Five Points Bank's property, plant and equipment expenses $2,527,000.

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 $1,716,163
Deposits held in domestic offices $1,716,163
Deposits by Individuals, partnerships, and corporations $1,457,485
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $258,370
Deposits by Commercial banks and other depository institutions in U.S. $309
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $831,704
Demand deposits $375,093
Nontransaction accounts $884,460
Money market deposit accounts (MMDAs) $527,745
Other savings deposits (excluding MMDAs) $100,825
Total time deposits $255,888
Total time and savings deposits $1,341,071
Noninterest-bearing deposits $367,085
Interest-bearing deposits $1,349,078
Retail deposits $1,624,005
IRAs and Keogh plan accounts $18,275
Brokered deposits $0
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $1,925,807
Cash & Balances due from depository institutions $147,608
Interest-bearing balances $128,023
Total securities $738,261
Federal funds sold & reverse repurchase $0
Net loans and leases $966,887
Loan and leases loss allowance $14,782
Trading account assets $0
Bank premises and fixed assets $17,184
Other real estate owned $0
Goodwill and other intangibles $2,599
All other assets $53,268

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $1,925,807
Total Liabilities $1,748,028
Total deposits $1,716,163
Interest-bearing deposits $1,349,078
Deposits held in domestic offices $1,716,163
% insured (estimated) $68
Federal funds purchased and repurchase agreements $27,179
Trading liabilities $0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $4,686

Issued Loan Types

Type Value (in 000's)
Net loans and leases $966,887
Loan and leases loss allowance $14,782
Total loans and leases (domestic) $981,669
All real estate loans $645,110
Real estate loans in domestic offices $645,110
Construction and development loans $75,922
Residential 1-4 family construction $9,028
Other construction, all land development and other land $66,894
Loans secured by nonfarm nonresidential properties $317,032
Nonfarm nonresidential secured by owner-occupied properties $129,552
Commercial real estate & other non-farm, non-residential $187,480
Multifamily residential real estate $40,617
1-4 family residential loans $116,022
Farmland loans $95,517
Loans held in foreign offices $0
Farm loans $51,851
Commercial and industrial loans $261,179
To non-U.S. addressees $0
Loans to individuals $13,555
Credit card loans $0
Related Plans $1,194
Consumer Auto Loans $5,507
Other loans to individuals $6,854
All other loans & leases $9,974
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

Five Points Bank had $966,887,000 of loans outstanding in 2021. $645,110,000 of loans were in real estate loans. $75,922,000 of loans were in development loans. $40,617,000 of loans were in multifamily mortgage loans. $116,022,000 of loans were in 1-4 family mortgage loans. $51,851,000 of loans were in farm loans. $0 of loans were in credit card loans. $5,507,000 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 369 $87,446 $236,981
Nonfarm, nonresidential loans - <$100k 108 $3,890 $36,019
Nonfarm, nonresidential loans - $100-250k 107 $15,524 $145,084
Nonfarm, nonresidential loans - $250k-1MM 154 $68,032 $441,766
Commercial & Industrial, US addressed loans - <$1MM 3,785 $111,151 $29,366
Commercial & Industrial, US addressed loans - <$100k 3,434 $36,158 $10,529
Commercial & Industrial, US addressed loans - $100-250k 203 $25,169 $123,985
Commercial & Industrial, US addressed loans - $250k-1MM 148 $49,824 $336,649
Farmland loans - <$1MM 180 $29,273 $162,628
Farmland loans - <$100k 50 $2,112 $42,240
Farmland loans - $100-250k 71 $9,276 $130,648
Farmland loans - $250k-1MM 59 $17,885 $303,136
Agriculture operations loans - <$1MM 319 $24,277 $76,103
Agriculture operations loans - <$100k 207 $6,998 $33,807
Agriculture operations loans - $100-250k 70 $7,204 $102,914
Agriculture operations loans - $250k-1MM 42 $10,075 $239,881