Cache Valley Bank Mortgage Rates, Fees & Info

Logan, UT

LEI: 549300CM7HYHZ1MEJ624

Tax ID: 87-0310100

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Review & Overview

Cache Valley Bank is a smaller bank specializing in Home Purchase and Refi loans. Cache Valley Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Logan, Ogden, St. George, Provo, and Salt Lake City among others. We have data for 26 markets. (Some data included below & more in-depth data is available with an active subscription.)

Cache Valley 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. Cache Valley Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

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	6.48%	4/18/24
30 Year Conventional Refi	6.33%	4/18/24
30 Year Cash-out Refi	6.52%	4/18/24
30 Year FHA Purchase	7.06%	4/18/24
30 Year VA Purchase	5.92%	4/18/24
30 Year USDA Purchase	6.40%	4/18/24
15 Year Conventional Purchase	6.18%	4/18/24
15 Year Conventional Refi	6.01%	4/18/24
15 Year Cash-out Refi	6.01%	4/18/24
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.

Cache Valley Bank Mortgage Calculator

Purchase Price:

Loan Amount:

Deposit Amount:

% Deposit:

Interest Rate:

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Your Estimates

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

This is not an official calculator from Cache Valley 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

681

Origination Dollar Volume (All Markets)

$194,695,000

Employee count

230

Awards

Cache Valley Bank 30 Year Conventional Loans bronze

Cache Valley Bank 30 Year Conventional Loans silver

Cache Valley Bank 30 Year Conventional Loans gold

Show all (16) awards

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
LOGAN, UT-ID (FHA\|USDA\|VA)	304	$94,370,000	$310,428	$2,856	4.77%
OGDEN-CLEARFIELD, UT (FHA\|USDA\|VA)	123	$36,425,000	$296,138	$3,383	4.68%
ST. GEORGE, UT (FHA\|USDA\|VA)	110	$30,330,000	$275,727	$3,192	4.70%
Outside of Metro Areas	69	$15,115,000	$219,058	$2,592	4.72%
PROVO-OREM, UT (FHA\|USDA\|VA)	28	$6,550,000	$233,929	$2,933	4.66%
SALT LAKE CITY, UT (FHA\|USDA\|VA)	12	$3,000,000	$250,000	$1,994	4.65%
BOISE CITY, ID (FHA\|USDA\|VA)	6	$1,980,000	$330,000	$3,584	4.52%
Heber, UT (FHA\|USDA\|VA)	2	$1,010,000	$505,000	$5,642	4.75%
Cedar City, UT (FHA\|USDA\|VA)	5	$795,000	$159,000	$2,659	4.77%
TWIN FALLS, ID (FHA\|USDA\|VA)	2	$680,000	$340,000	$4,108	5.38%
Price, UT (FHA\|USDA\|VA)	4	$530,000	$132,500	$1,628	5.06%
MISSOULA, MT (FHA\|USDA\|VA)	1	$455,000	$455,000	$7,115	4.13%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA\|USDA\|VA)	2	$440,000	$220,000	$0	5.50%
San Francisco-Oakland-Berkeley, CA (FHA\|USDA\|VA)	1	$385,000	$385,000	$0	6.00%
IDAHO FALLS, ID (FHA\|USDA\|VA)	1	$375,000	$375,000	$2,839	4.63%
BIRMINGHAM-HOOVER, AL (FHA\|USDA\|VA)	1	$295,000	$295,000	$3,656	4.88%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA\|USDA\|VA)	1	$275,000	$275,000	$0	4.75%
Dallas-Fort Worth-Arlington, TX (FHA\|USDA\|VA)	1	$255,000	$255,000	$3,801	5.25%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA\|USDA\|VA)	1	$225,000	$225,000	$2,834	4.88%
WENATCHEE, WA (FHA\|USDA\|VA)	1	$225,000	$225,000	$4,519	4.75%
Roseburg, OR (FHA\|USDA\|VA)	1	$215,000	$215,000	$0	6.00%
PHOENIX-MESA-CHANDLER, AZ (FHA\|USDA\|VA)	1	$215,000	$215,000	$0	4.50%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA\|USDA\|VA)	1	$155,000	$155,000	$4,211	4.88%
KNOXVILLE, TN (FHA\|USDA\|VA)	1	$135,000	$135,000	$2,697	4.38%
GREAT FALLS, MT (FHA\|USDA\|VA)	1	$135,000	$135,000	$3,607	4.13%
ANN ARBOR, MI (FHA\|USDA\|VA)	1	$125,000	$125,000	$0	4.95%

Cache Valley Bank's top markets include Logan, Ogden, St. George, Provo, and Salt Lake City among others.

Their top states include:

Utah (FHA|USDA|VA)

Idaho (FHA|USDA|VA)

California (FHA|USDA|VA)

Montana (FHA|USDA|VA)

Nevada (FHA|USDA|VA)

Similar Lenders

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

State Bank of Southern Utah
Similarity Rank: 256

Jordan Federal Credit Union
Similarity Rank: 294

ADVANTAGE PLUS
Similarity Rank: 595

SUN AMERICAN MORTGAGE COMPANY
Similarity Rank: 1100

Triumph Bank
Similarity Rank: 1224

UTAH COMMUNITY
Similarity Rank: 1395

Cache Valley Bank
Similarity Rank: 1560

HOMEAMERICAN MORTGAGE CORPORATION
Similarity Rank: 1740

Deseret First Credit Union
Similarity Rank: 1792

GRANITE FEDERAL CREDIT UNION
Similarity Rank: 1820

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	621	$180,905,000	$291,312	$2,892	4.78%
USDA	23	$4,445,000	$193,261	$2,799	4.34%
FHA	21	$4,795,000	$228,333	$4,840	4.31%
VA	16	$4,550,000	$284,375	$3,953	4.34%

For 2018, Cache Valley Bank's most frequently originated type of loan was Conventional, with 621 originations. Their 2nd most popular type was USDA, with 23 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	522	$144,280,000	$276,398	$3,074	4.66%
Refi	95	$40,265,000	$423,842	$2,548	4.99%
Cash Out Refi	49	$8,655,000	$176,633	$3,116	4.62%
Home Improvement	9	$1,065,000	$118,333	$2,150	6.25%
Other	6	$430,000	$71,667	$876	6.48%

For 2018, Cache Valley Bank's most frequently cited loan purpose was Home Purchase, with 522 originations. The 2nd most popular reason was Refi, with 95 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
30 Year	506	$134,160,000	$265,138	$3,089	4.60%
15 Year	70	$15,360,000	$219,429	$2,881	4.25%
20 Year	37	$9,305,000	$251,486	$2,727	5.42%
Other	26	$6,230,000	$239,615	$1,957	5.82%
1 Year	19	$8,815,000	$463,947	$2,830	6.22%
5 Year	10	$1,040,000	$104,000	$566	6.00%
10 Year	8	$770,000	$96,250	$931	5.31%
3 Year	5	$19,015,000	$3,803,000	$914	5.90%

For 2018, Cache Valley Bank's most frequently cited loan duration was 30 Year, with 506 originations. The 2nd most popular length was 15 Year, with 70 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$<1k	289	$65,885,000	$227,976
$1k-2k	140	$31,380,000	$224,143
$2k-3k	92	$30,010,000	$326,196
$3k-4k	27	$10,955,000	$405,741
$4k-5k	13	$5,415,000	$416,538
$5k+	8	$4,320,000	$540,000

Cache Valley Bank's average total fees were $3,089, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 289 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
4-5%	477	$126,295,000	$264,769
5-6%	93	$43,565,000	$468,441
3-4%	74	$18,650,000	$252,027
6-7%	32	$5,650,000	$176,563
7-8%	4	$380,000	$95,000
<2.5%	1	$155,000	$155,000

During 2018, Cache Valley Bank's average interest rate for loans was 4.60%, while their most frequently originated rate bucket for loans was 4-5%, with 477 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$200k-400k	336	$93,820,000	$279,226	$3,064	4.67%
$100k-200k	212	$32,810,000	$154,764	$2,322	4.74%
$400k-600k	70	$31,190,000	$445,571	$4,733	4.45%
$100,000 or less	48	$2,820,000	$58,750	$1,013	5.46%
$600k-1MM	12	$9,270,000	$772,500	$6,726	5.08%
$1MM+	3	$24,785,000	$8,261,667	$0	5.42%

2018 saw Cache Valley Bank place emphasis on $200k-400k loans with 336 originations, totaling $93,820,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k-75k	169	$39,205,000	$231,982	$2,891	4.61%
$100k-150k	128	$36,170,000	$282,578	$3,408	4.71%
$75k-100k	114	$29,760,000	$261,053	$3,270	4.55%
$50k or less	101	$16,005,000	$158,465	$2,030	4.72%
$150k-250k	71	$21,935,000	$308,944	$3,521	4.79%
$250k+	46	$15,850,000	$344,565	$4,031	4.93%

Cache Valley Bank lent most frequently to those with incomes in the $50k-75k range, with 169 originations. The second most popular income band? $100k-150k, with 128 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-30%	131	$30,015,000	$229,122	$2,990	4.60%
30-36%	119	$31,865,000	$267,773	$2,909	4.63%
<20%	68	$15,590,000	$229,265	$2,857	4.63%
42%	30	$7,240,000	$241,333	$3,257	4.66%
40%	28	$6,050,000	$216,071	$2,701	4.54%
43%	26	$7,960,000	$306,154	$2,927	4.73%
44%	26	$7,120,000	$273,846	$2,532	4.72%
36%	25	$6,925,000	$277,000	$3,066	4.79%
37%	21	$5,035,000	$239,762	$3,151	4.71%
39%	21	$5,535,000	$263,571	$3,284	4.72%
48%	20	$5,350,000	$267,500	$3,146	4.56%
41%	20	$5,490,000	$274,500	$3,422	4.65%
38%	19	$5,105,000	$268,684	$3,009	4.62%
45%	19	$4,875,000	$256,579	$2,937	4.61%
46%	19	$4,595,000	$241,842	$3,076	4.84%
47%	14	$4,370,000	$312,143	$3,339	4.51%
49%	14	$3,970,000	$283,571	$2,932	4.58%
50-60%	9	$2,695,000	$299,444	$4,883	4.58%
>60%	4	$1,020,000	$255,000	$2,059	5.72%

Cache Valley Bank lent most frequently to those with DTI ratios of 20-30%, with 131 originations. The next most common DTI ratio? 30-36%, with 119 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	621	$154,955,000	$249,525	$2,993	4.68%
Not applicable	32	$31,830,000	$994,688	$0	5.88%
Not provided	17	$5,085,000	$299,118	$3,468	4.56%
Asian	5	$1,145,000	$229,000	$2,525	4.65%
Black	3	$1,095,000	$365,000	$1,971	4.83%
American Indian	3	$585,000	$195,000	$1,451	4.58%

Approval Rates

Total approvals of all applications
97.81%

Cache Valley 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
95.15%

Cache Valley 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	681	$194,695,000	$285,896

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	9	$21,055,000	$2,339,444
Single Family (1-4 Units):Manufactured	7	$895,000	$127,857
Single Family (1-4 Units):Site-Built	665	$172,745,000	$259,767

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	48	$8,270,000	$172,292	$2,286	4.90%
40-60%	97	$22,215,000	$229,021	$3,391	4.62%
60-80%	277	$92,705,000	$334,675	$3,315	4.73%
80-100%	225	$61,435,000	$273,044	$2,819	4.59%
Over 100%	4	$2,160,000	$540,000	$13,247	5.55%
Under 20%	26	$2,020,000	$77,692	$527	5.94%

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
Cache Valley Bank	101 North Main Street Logan, UT 84321	Full Service B&M	$368,677
Cache Valley Bank	105 South 500 West Bountiful, UT 84010	Full Service B&M	$12,072
Cache Valley Bank	105 South Main Street Loa, UT 84747	Full Service B&M	$40,180
Cache Valley Bank	1091 N. Bluff Saint George, UT 84770	Full Service B&M	$51,161
Cache Valley Bank	1224 S. River Road Saint George, UT 84790	Full Service B&M	$33,288
Cache Valley Bank	1333 North Hillfield Road Layton, UT 84041	Full Service B&M	$81,111
Cache Valley Bank	1710 N Main North Logan, UT 84341	Full Service B&M	$33,799
Cache Valley Bank	185 North Main Street Nephi, UT 84648	Full Service B&M	$32,746
Cache Valley Bank	2 North Main Street Ephraim, UT 84627	Full Service B&M	$28,931
Cache Valley Bank	210 South State Street Mount Pleasant, UT 84647	Full Service B&M	$24,451
Cache Valley Bank	294 E. Tabernacle Street Saint George, UT 84770	Full Service B&M	$243,038
Cache Valley Bank	30 East Main Hyrum, UT 84319	Full Service B&M	$1,028
Cache Valley Bank	300 North Milburn Road Fairview, UT 84629	Full Service B&M	$11,269
Cache Valley Bank	710 W. Telegraph Street Washington, UT 84780	Full Service B&M	$35,797
Cache Valley Bank	82 West Main Street Price, UT 84501	Full Service B&M	$35,444

For 2018, Cache Valley Bank had 15 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$67,808
Net interest income	$61,395
Total noninterest income	$6,747
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$709
Trading account gains and fees	$0
Additional Noninterest Income	$6,038
Pre-tax net operating income	$35,450
Securities gains (or losses, -)	$0
Income before extraordinary items	$26,754
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$26,754
Minority interest net income	$0
Net income	$26,754
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$26,754

Cache Valley Bank's gross interest income from loans was $67,808,000.
Cache Valley Bank's net interest income from loans was $61,395,000.
Cache Valley Bank's fee based income from loans was $709,000.
Cache Valley Bank's net income from loans was $26,754,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$6,413
Provision for credit losses	$2,877
Total noninterest expense	$29,815
Salaries and employee benefits	$18,822
Premises and equipment expense	$3,619
Additional noninterest expense	$7,374
Applicable income taxes	$8,696
Net charge-offs	$-190
Cash dividends	$4,916

Cache Valley Bank's interest expense for loans was $6,413,000.
Cache Valley Bank's payroll and benefits expense were $18,822,000.
Cache Valley Bank's property, plant and equipment expenses $3,619,000.

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	1.0%
HELOC loans	0.0%
All other family	1.0%
Commercial & industrial loans	1.0%
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	$1,111,762
Deposits held in domestic offices	$1,111,762
Deposits by Individuals, partnerships, and corporations	$995,688
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$115,559
Deposits by Commercial banks and other depository institutions in U.S.	$515
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$597,498
Demand deposits	$597,498
Nontransaction accounts	$514,264
Money market deposit accounts (MMDAs)	$210,812
Other savings deposits (excluding MMDAs)	$120,665
Total time deposits	$182,787
Total time and savings deposits	$514,264
Noninterest-bearing deposits	$385,418
Interest-bearing deposits	$726,344
Retail deposits	$1,036,658
IRAs and Keogh plan accounts	$29,282
Brokered deposits	$1,578
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$1,260,694
Cash & Balances due from depository institutions	$227,023
Interest-bearing balances	$210,683
Total securities	$21,960
Federal funds sold & reverse repurchase	$7,012
Net loans and leases	$957,341
Loan and leases loss allowance	$15,682
Trading account assets	$0
Bank premises and fixed assets	$36,336
Other real estate owned	$27
Goodwill and other intangibles	$588
All other assets	$10,407

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$1,260,694
Total Liabilities	$1,119,444
Total deposits	$1,111,762
Interest-bearing deposits	$726,344
Deposits held in domestic offices	$1,111,762
% insured (estimated)	$58
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$3,000
Subordinated debt	$0
All other liabilities	$4,682

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$957,341
Loan and leases loss allowance	$15,682
Total loans and leases (domestic)	$973,023
All real estate loans	$788,206
Real estate loans in domestic offices	$788,206
Construction and development loans	$145,853
Residential 1-4 family construction	$53,373
Other construction, all land development and other land	$92,480
Loans secured by nonfarm nonresidential properties	$454,775
Nonfarm nonresidential secured by owner-occupied properties	$220,216
Commercial real estate & other non-farm, non-residential	$234,559
Multifamily residential real estate	$16,212
1-4 family residential loans	$104,382
Farmland loans	$66,984
Loans held in foreign offices	$0
Farm loans	$36,412
Commercial and industrial loans	$143,418
To non-U.S. addressees	$0
Loans to individuals	$7,332
Credit card loans	$1,248
Related Plans	$472
Consumer Auto Loans	$2,773
Other loans to individuals	$2,839
All other loans & leases	$1,307
Loans to foreign governments and official institutions	$0
Other loans	$384
Loans to depository institutions and acceptances of other banks	$0
Loans not secured by real estate	$3,655
Loans secured by real estate to non-U.S. addressees	$0
Restructured Loans & leases	$11,427
Non 1-4 family restructured loans & leases	$11,427
Total loans and leases (foreign)	$0

Cache Valley Bank had $957,341,000 of loans outstanding in 2018. $788,206,000 of loans were in real estate loans. $145,853,000 of loans were in development loans. $16,212,000 of loans were in multifamily mortgage loans. $104,382,000 of loans were in 1-4 family mortgage loans. $36,412,000 of loans were in farm loans. $1,248,000 of loans were in credit card loans. $2,773,000 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	481	$120,966	$251,489
Nonfarm, nonresidential loans - <$100k	69	$3,681	$53,348
Nonfarm, nonresidential loans - $100-250k	163	$21,360	$131,043
Nonfarm, nonresidential loans - $250k-1MM	249	$95,925	$385,241
Commercial & Industrial, US addressed loans - <$1MM	1,082	$90,107	$83,278
Commercial & Industrial, US addressed loans - <$100k	702	$20,288	$28,900
Commercial & Industrial, US addressed loans - $100-250k	220	$24,156	$109,800
Commercial & Industrial, US addressed loans - $250k-1MM	160	$45,663	$285,394
Farmland loans - <$1MM	204	$25,415	$124,583
Farmland loans - <$100k	83	$3,859	$46,494
Farmland loans - $100-250k	85	$10,824	$127,341
Farmland loans - $250k-1MM	36	$10,732	$298,111
Agriculture operations loans - <$1MM	273	$16,446	$60,242
Agriculture operations loans - <$100k	211	$5,693	$26,981
Agriculture operations loans - $100-250k	45	$5,976	$132,800
Agriculture operations loans - $250k-1MM	17	$4,777	$281,000