Five Points Bank Mortgage Rates, Fees & Info

Grand Island, NE

LEI: 5493009DQQ81725XIJ49

Tax ID: 47-0803224

Latest/2023 | 2022 Data | 2021 Data | 2020 Data |

Jump to:

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, Grand Island, Kearney, Lincoln, and Phoenix among others. We have data for 23 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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.33% 3/28/24
30 Year Conventional Refi 6.37% 3/28/24
30 Year Cash-out Refi 6.32% 3/28/24
15 Year Conventional Purchase 5.96% 3/28/24
15 Year Conventional Refi 6.28% 3/28/24
15 Year Cash-out Refi 6.28% 3/28/24
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.

Five Points Bank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

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

889

Origination Dollar Volume (All Markets)

$188,715,000

Employee count

157

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) 239 $61,585,000 $257,678 $0 0.00%
GRAND ISLAND, NE (FHA|USDA|VA) 264 $45,880,000 $173,788 $0 0.00%
Kearney, NE (FHA|USDA|VA) 211 $42,675,000 $202,251 $0 0.00%
LINCOLN, NE (FHA|USDA|VA) 90 $16,990,000 $188,778 $0 0.00%
Outside of Metro Areas 45 $11,305,000 $251,222 $0 0.00%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 4 $1,870,000 $467,500 $0 0.00%
Hastings, NE (FHA|USDA|VA) 9 $1,865,000 $207,222 $0 0.00%
Lexington, NE (FHA|USDA|VA) 7 $1,525,000 $217,857 $0 0.00%
Fremont, NE (FHA|USDA|VA) 4 $720,000 $180,000 $0 0.00%
Spirit Lake, IA (FHA|USDA|VA) 2 $690,000 $345,000 $0 0.00%
KANSAS CITY, MO-KS (FHA|USDA|VA) 2 $530,000 $265,000 $0 0.00%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $515,000 $515,000 $0 0.00%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 1 $515,000 $515,000 $0 0.00%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $485,000 $485,000 $0 0.00%
SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 1 $355,000 $355,000 $0 0.00%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $265,000 $265,000 $0 0.00%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $235,000 $235,000 $0 0.00%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
FORT COLLINS, CO (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
North Platte, NE (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
Burlington, IA-IL (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
Five Points Bank's top markets include Omaha, Grand Island, Kearney, Lincoln, and Phoenix among others.

Their top states include:
  • Nebraska (FHA|USDA|VA)
  • Wyoming (FHA|USDA|VA)
  • Iowa (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Five Points Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    U.S. HOME MORTGAGE, INC.
    Similarity Rank: 70
    CREIGHTON FEDERAL CREDIT UNION
    Similarity Rank: 207
    MUTUAL FIRST
    Similarity Rank: 288
    LIBERTY FIRST
    Similarity Rank: 396
    CORNHUSKER BANK
    Similarity Rank: 495
    South Metro Federal Credit Union
    Similarity Rank: 564
    Cobalt Credit Union
    Similarity Rank: 855
    METRO CU
    Similarity Rank: 880

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 889 $188,715,000 $212,278 $0 0.00%

    For 2020, Five Points Bank's most frequently originated type of loan was Conventional, with 889 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 582 $127,740,000 $219,485 $0 0.00%
    Home Purchase 271 $56,575,000 $208,764 $0 0.00%
    Other 20 $3,040,000 $152,000 $0 0.00%
    Home Improvement 16 $1,360,000 $85,000 $0 0.00%

    For 2020, Five Points Bank's most frequently cited loan purpose was Refi, with 582 originations. The 2nd most popular reason was Home Purchase, with 271 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 889 $188,715,000 $212,278 $0 0.00%

    For 2020, Five Points Bank's most frequently cited loan duration was Other, with 889 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 340 $50,600,000 $148,824 $0 0.00%
    $200k-400k 284 $78,110,000 $275,035 $0 0.00%
    $100,000 or less 174 $11,130,000 $63,966 $0 0.00%
    $400k-600k 83 $39,505,000 $475,964 $0 0.00%
    $600k-1MM 6 $4,500,000 $750,000 $0 0.00%
    $1MM+ 2 $4,870,000 $2,435,000 $0 0.00%

    2020 saw Five Points Bank place emphasis on $100k-200k loans with 340 originations, totaling $50,600,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 165 $34,745,000 $210,576 $0 0.00%
    $150k-250k 146 $39,480,000 $270,411 $0 0.00%
    $250k+ 122 $45,930,000 $376,475 $0 0.00%
    $50k-75k 110 $16,180,000 $147,091 $0 0.00%
    $75k-100k 108 $17,460,000 $161,667 $0 0.00%
    $50k or less 85 $8,765,000 $103,118 $0 0.00%

    Five Points Bank lent most frequently to those with incomes in the $100k-150k range, with 165 originations. The second most popular income band? $150k-250k, with 146 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 889 $188,715,000 $212,278 $0 0.00%

    Five Points Bank lent most frequently to those with DTI ratios of Exempt%, with 889 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 741 $158,615,000 $214,055 $0 0.00%
    Not applicable 109 $20,665,000 $189,587 $0 0.00%
    Not provided 24 $6,110,000 $254,583 $0 0.00%
    Asian 11 $2,165,000 $196,818 $0 0.00%
    Native Hawaiian or Islander 1 $515,000 $515,000 $0 0.00%
    Black 2 $330,000 $165,000 $0 0.00%
    Korean 1 $315,000 $315,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    97.91%

    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
    94.83%

    Five Points Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 889 $188,715,000 $212,278

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 22 $7,650,000 $347,727
    Single Family (1-4 Units):Manufactured 1 $35,000 $35,000
    Single Family (1-4 Units):Site-Built 866 $181,030,000 $209,042

    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 $10,637
    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 $144,484
    Five Points Bank 2009 Diers Avenue Grand Island, NE 68801 Full Service B&M $116,059
    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 $413,395
    Five Points Bank 2501 Central Avenue Kearney, NE 68847 Full Service B&M $25,000
    Five Points Bank 3109 West Stolley Park Road Grand Island, NE 68801 Full Service B&M $288,839
    Five Points Bank 518 North Eddy Street Grand Island, NE 68801 Full Service B&M $22,749
    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 $24,151
    Five Points Bank 8820 Arbor Street Omaha, NE 68124 Full Service B&M $193,932
    Five Points Bank 9718 Giles Road La Vista, NE 68128 Full Service B&M $55,000
    Five Points Bank 9817 Giles Road La Vista, NE 68128 Limited, Mobile/Seasonal Office $0

    For 2020, Five Points Bank had 14 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $52,669
    Net interest income $43,436
    Total noninterest income $10,411
    Gross Fiduciary activities income $1,015
    Service charges on deposit accounts $532
    Trading account gains and fees $0
    Additional Noninterest Income $8,864
    Pre-tax net operating income $25,307
    Securities gains (or losses, -) $451
    Income before extraordinary items $25,168
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $25,168
    Minority interest net income $0
    Net income $25,168
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $24,726

    Five Points Bank's gross interest income from loans was $52,669,000.
    Five Points Bank's net interest income from loans was $43,436,000.
    Five Points Bank's fee based income from loans was $532,000.
    Five Points Bank's net income from loans was $25,168,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $9,233
    Provision for credit losses $2,350
    Total noninterest expense $26,190
    Salaries and employee benefits $15,531
    Premises and equipment expense $2,405
    Additional noninterest expense $8,254
    Applicable income taxes $590
    Net charge-offs $-10
    Cash dividends $8,750

    Five Points Bank's interest expense for loans was $9,233,000.
    Five Points Bank's payroll and benefits expense were $15,531,000.
    Five Points Bank's property, plant and equipment expenses $2,405,000.

    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 $1,450,380
    Deposits held in domestic offices $1,450,380
    Deposits by Individuals, partnerships, and corporations $1,239,775
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $210,436
    Deposits by Commercial banks and other depository institutions in U.S. $168
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $675,524
    Demand deposits $283,272
    Nontransaction accounts $774,855
    Money market deposit accounts (MMDAs) $458,476
    Other savings deposits (excluding MMDAs) $81,040
    Total time deposits $235,340
    Total time and savings deposits $1,167,107
    Noninterest-bearing deposits $283,767
    Interest-bearing deposits $1,166,613
    Retail deposits $1,371,278
    IRAs and Keogh plan accounts $19,016
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,640,007
    Cash & Balances due from depository institutions $137,559
    Interest-bearing balances $116,702
    Total securities $509,075
    Federal funds sold & reverse repurchase $0
    Net loans and leases $928,271
    Loan and leases loss allowance $13,575
    Trading account assets $0
    Bank premises and fixed assets $14,957
    Other real estate owned $0
    Goodwill and other intangibles $1,782
    All other assets $48,363

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,640,007
    Total Liabilities $1,477,001
    Total deposits $1,450,380
    Interest-bearing deposits $1,166,613
    Deposits held in domestic offices $1,450,380
    % insured (estimated) $70
    Federal funds purchased and repurchase agreements $22,074
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $4,547

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $928,271
    Loan and leases loss allowance $13,575
    Total loans and leases (domestic) $941,846
    All real estate loans $584,819
    Real estate loans in domestic offices $584,819
    Construction and development loans $70,446
    Residential 1-4 family construction $11,522
    Other construction, all land development and other land $58,924
    Loans secured by nonfarm nonresidential properties $294,670
    Nonfarm nonresidential secured by owner-occupied properties $123,038
    Commercial real estate & other non-farm, non-residential $171,632
    Multifamily residential real estate $35,903
    1-4 family residential loans $92,014
    Farmland loans $91,786
    Loans held in foreign offices $0
    Farm loans $57,437
    Commercial and industrial loans $270,329
    To non-U.S. addressees $0
    Loans to individuals $13,402
    Credit card loans $0
    Related Plans $546
    Consumer Auto Loans $5,799
    Other loans to individuals $7,057
    All other loans & leases $15,859
    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 $928,271,000 of loans outstanding in 2020. $584,819,000 of loans were in real estate loans. $70,446,000 of loans were in development loans. $35,903,000 of loans were in multifamily mortgage loans. $92,014,000 of loans were in 1-4 family mortgage loans. $57,437,000 of loans were in farm loans. $0 of loans were in credit card loans. $5,799,000 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 400 $86,834 $217,085
    Nonfarm, nonresidential loans - <$100k 127 $5,090 $40,079
    Nonfarm, nonresidential loans - $100-250k 122 $16,686 $136,770
    Nonfarm, nonresidential loans - $250k-1MM 151 $65,058 $430,848
    Commercial & Industrial, US addressed loans - <$1MM 4,029 $135,806 $33,707
    Commercial & Industrial, US addressed loans - <$100k 3,615 $41,951 $11,605
    Commercial & Industrial, US addressed loans - $100-250k 237 $28,338 $119,570
    Commercial & Industrial, US addressed loans - $250k-1MM 177 $65,517 $370,153
    Farmland loans - <$1MM 174 $28,270 $162,471
    Farmland loans - <$100k 50 $2,041 $40,820
    Farmland loans - $100-250k 68 $8,996 $132,294
    Farmland loans - $250k-1MM 56 $17,233 $307,732
    Agriculture operations loans - <$1MM 308 $23,500 $76,299
    Agriculture operations loans - <$100k 202 $7,008 $34,693
    Agriculture operations loans - $100-250k 64 $6,809 $106,391
    Agriculture operations loans - $250k-1MM 42 $9,683 $230,548