Five Points Bank Mortgage Rates, Fees & Info

Grand Island, NE

LEI: 5493009DQQ81725XIJ49

Tax ID: 47-0803224

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Mortgage Data

Bank Data

Review & 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 by origination volume include: Omaha, Kearney, Grand Island, Lincoln, and Edwards among others. We have data for 19 markets. (Some data included below & more in-depth data is available with an active subscription.)

Five Points Bank has an above average approval rate when compared to the average across all lenders. They have an above 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 6.33% 3/24/24
30 Year Conventional Refi 6.37% 3/24/24
30 Year Cash-out Refi 6.32% 3/24/24
15 Year Conventional Purchase 5.96% 3/24/24
15 Year Conventional Refi 6.28% 3/24/24
15 Year Cash-out Refi 6.28% 3/24/24
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.

Five Points Bank Mortgage Calculator






Your Estimates

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This is not an official calculator from Five Points Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

513

Origination Dollar Volume (All Markets)

$91,885,000

Employee count

159

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
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 113 $26,445,000 $234,027 $0 0.00%
Kearney, NE (FHA|USDA|VA) 112 $23,280,000 $207,857 $0 0.00%
GRAND ISLAND, NE (FHA|USDA|VA) 183 $23,255,000 $127,077 $0 0.00%
LINCOLN, NE (FHA|USDA|VA) 64 $10,810,000 $168,906 $0 0.00%
Outside of Metro Areas 20 $3,300,000 $165,000 $0 0.00%
Edwards, CO (FHA|USDA|VA) 1 $1,355,000 $1,355,000 $0 0.00%
Lexington, NE (FHA|USDA|VA) 5 $715,000 $143,000 $0 0.00%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $680,000 $340,000 $0 0.00%
Hastings, NE (FHA|USDA|VA) 2 $340,000 $170,000 $0 0.00%
KANSAS CITY, MO-KS (FHA|USDA|VA) 2 $320,000 $160,000 $0 0.00%
LAWRENCE, KS (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
CEDAR RAPIDS, IA (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
Alexander City, AL (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
North Platte, NE (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
RALEIGH-CARY, NC (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
Norfolk, NE (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
Columbus, NE (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
Five Points Bank's top markets include Omaha, Kearney, Grand Island, Lincoln, and Edwards among others.

Their top states include:
  • Nebraska (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Kansas (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 513 $91,885,000 $179,113 $0 0.00%

    For 2019, Five Points Bank's most frequently originated type of loan was Conventional, with 513 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 228 $45,220,000 $198,333 $0 0.00%
    Home Purchase 225 $41,535,000 $184,600 $0 0.00%
    Home Improvement 38 $2,020,000 $53,158 $0 0.00%
    Other 22 $3,110,000 $141,364 $0 0.00%

    For 2019, Five Points Bank's most frequently cited loan purpose was Refi, with 228 originations. The 2nd most popular reason was Home Purchase, with 225 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 513 $91,885,000 $179,113 $0 0.00%

    For 2019, Five Points Bank's most frequently cited loan duration was Other, with 513 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 191 $10,795,000 $56,518 $0 0.00%
    $100k-200k 164 $24,700,000 $150,610 $0 0.00%
    $200k-400k 115 $31,465,000 $273,609 $0 0.00%
    $400k-600k 37 $16,955,000 $458,243 $0 0.00%
    $1MM+ 4 $6,340,000 $1,585,000 $0 0.00%
    $600k-1MM 2 $1,630,000 $815,000 $0 0.00%

    2019 saw Five Points Bank place emphasis on $100,000 or less loans with 191 originations, totaling $10,795,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 77 $17,045,000 $221,364 $0 0.00%
    $50k-75k 73 $8,565,000 $117,329 $0 0.00%
    $50k or less 68 $5,760,000 $84,706 $0 0.00%
    $150k-250k 57 $14,975,000 $262,719 $0 0.00%
    $75k-100k 51 $7,975,000 $156,373 $0 0.00%
    $250k+ 43 $15,175,000 $352,907 $0 0.00%

    Five Points Bank lent most frequently to those with incomes in the $100k-150k range, with 77 originations. The second most popular income band? $50k-75k, with 73 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 513 $91,885,000 $179,113 $0 0.00%

    Five Points Bank lent most frequently to those with DTI ratios of Exempt%, with 513 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 388 $69,280,000 $178,557 $0 0.00%
    Not applicable 106 $18,260,000 $172,264 $0 0.00%
    Not provided 10 $2,580,000 $258,000 $0 0.00%
    Asian 6 $1,520,000 $253,333 $0 0.00%
    Black 3 $245,000 $81,667 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.25%

    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
    96.49%

    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
    Exempt 513 $91,885,000 $179,113

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 24 $9,370,000 $390,417
    Single Family (1-4 Units):Manufactured 5 $195,000 $39,000
    Single Family (1-4 Units):Site-Built 484 $82,320,000 $170,083

    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 $10,067
    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 $118,077
    Five Points Bank 2009 Diers Avenue Grand Island, NE 68801 Full Service B&M $98,696
    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 $308,334
    Five Points Bank 2501 Central Avenue Kearney, NE 68847 Full Service B&M $20,000
    Five Points Bank 3109 West Stolley Park Road Grand Island, NE 68801 Full Service B&M $236,676
    Five Points Bank 518 North Eddy Street Grand Island, NE 68801 Full Service B&M $17,731
    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 $11,858
    Five Points Bank 8820 Arbor Street Omaha, NE 68124 Full Service B&M $141,512
    Five Points Bank 9718 Giles Road La Vista, NE 68128 Full Service B&M $37,000
    Five Points Bank 9817 Giles Road La Vista, NE 68128 Limited, Mobile/Seasonal Office $0

    For 2019, Five Points Bank had 14 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $47,440
    Net interest income $36,378
    Total noninterest income $6,704
    Gross Fiduciary activities income $1,001
    Service charges on deposit accounts $730
    Trading account gains and fees $0
    Additional Noninterest Income $4,973
    Pre-tax net operating income $16,753
    Securities gains (or losses, -) $86
    Income before extraordinary items $16,361
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $16,361
    Minority interest net income $0
    Net income $16,361
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $16,277

    Five Points Bank's gross interest income from loans was $47,440,000.
    Five Points Bank's net interest income from loans was $36,378,000.
    Five Points Bank's fee based income from loans was $730,000.
    Five Points Bank's net income from loans was $16,361,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $11,062
    Provision for credit losses $3,050
    Total noninterest expense $23,279
    Salaries and employee benefits $13,868
    Premises and equipment expense $2,052
    Additional noninterest expense $7,359
    Applicable income taxes $478
    Net charge-offs $1,665
    Cash dividends $8,750

    Five Points Bank's interest expense for loans was $11,062,000.
    Five Points Bank's payroll and benefits expense were $13,868,000.
    Five Points Bank's property, plant and equipment expenses $2,052,000.

    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 $1,117,255
    Deposits held in domestic offices $1,117,255
    Deposits by Individuals, partnerships, and corporations $979,538
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $137,225
    Deposits by Commercial banks and other depository institutions in U.S. $492
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $183,345
    Demand deposits $64,794
    Nontransaction accounts $933,910
    Money market deposit accounts (MMDAs) $537,033
    Other savings deposits (excluding MMDAs) $166,608
    Total time deposits $230,269
    Total time and savings deposits $1,052,461
    Noninterest-bearing deposits $220,174
    Interest-bearing deposits $897,081
    Retail deposits $1,035,851
    IRAs and Keogh plan accounts $17,817
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,284,481
    Cash & Balances due from depository institutions $82,188
    Interest-bearing balances $61,246
    Total securities $311,986
    Federal funds sold & reverse repurchase $0
    Net loans and leases $832,847
    Loan and leases loss allowance $11,215
    Trading account assets $0
    Bank premises and fixed assets $14,918
    Other real estate owned $0
    Goodwill and other intangibles $1,595
    All other assets $40,947

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,284,481
    Total Liabilities $1,147,019
    Total deposits $1,117,255
    Interest-bearing deposits $897,081
    Deposits held in domestic offices $1,117,255
    % insured (estimated) $71
    Federal funds purchased and repurchase agreements $11,091
    Trading liabilities $0
    Other borrowed funds $14,250
    Subordinated debt $0
    All other liabilities $4,423

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $832,847
    Loan and leases loss allowance $11,215
    Total loans and leases (domestic) $844,062
    All real estate loans $530,628
    Real estate loans in domestic offices $530,628
    Construction and development loans $47,626
    Residential 1-4 family construction $11,185
    Other construction, all land development and other land $36,441
    Loans secured by nonfarm nonresidential properties $273,638
    Nonfarm nonresidential secured by owner-occupied properties $114,007
    Commercial real estate & other non-farm, non-residential $159,631
    Multifamily residential real estate $41,016
    1-4 family residential loans $84,809
    Farmland loans $83,539
    Loans held in foreign offices $0
    Farm loans $63,295
    Commercial and industrial loans $215,579
    To non-U.S. addressees $0
    Loans to individuals $15,732
    Credit card loans $0
    Related Plans $964
    Consumer Auto Loans $6,270
    Other loans to individuals $8,498
    All other loans & leases $18,828
    Loans to foreign governments and official institutions $0
    Other loans $0
    Loans to depository institutions and acceptances of other banks $131
    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 $832,847,000 of loans outstanding in 2019. $530,628,000 of loans were in real estate loans. $47,626,000 of loans were in development loans. $41,016,000 of loans were in multifamily mortgage loans. $84,809,000 of loans were in 1-4 family mortgage loans. $63,295,000 of loans were in farm loans. $0 of loans were in credit card loans. $6,270,000 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 427 $90,087 $210,977
    Nonfarm, nonresidential loans - <$100k 139 $5,740 $41,295
    Nonfarm, nonresidential loans - $100-250k 133 $17,496 $131,549
    Nonfarm, nonresidential loans - $250k-1MM 155 $66,851 $431,297
    Commercial & Industrial, US addressed loans - <$1MM 3,537 $110,715 $31,302
    Commercial & Industrial, US addressed loans - <$100k 3,166 $34,124 $10,778
    Commercial & Industrial, US addressed loans - $100-250k 220 $23,963 $108,923
    Commercial & Industrial, US addressed loans - $250k-1MM 151 $52,628 $348,530
    Farmland loans - <$1MM 178 $27,939 $156,961
    Farmland loans - <$100k 50 $1,982 $39,640
    Farmland loans - $100-250k 71 $9,570 $134,789
    Farmland loans - $250k-1MM 57 $16,387 $287,491
    Agriculture operations loans - <$1MM 321 $26,274 $81,850
    Agriculture operations loans - <$100k 203 $5,680 $27,980
    Agriculture operations loans - $100-250k 75 $8,749 $116,653
    Agriculture operations loans - $250k-1MM 43 $11,845 $275,465