Cache Valley Bank Mortgage Rates, Fees & Info
Logan, UTLEI: 549300CM7HYHZ1MEJ624
Tax ID: 87-0310100
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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 29 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.
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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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
749Origination Dollar Volume (All Markets)
$199,985,000Employee count
249Awards
Cache Valley Bank - 2019
Cache Valley Bank is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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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) | 329 | $90,945,000 | $276,429 | $2,957 | 4.17% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 129 | $34,625,000 | $268,411 | $2,908 | 4.19% |
| ST. GEORGE, UT (FHA|USDA|VA) | 122 | $33,340,000 | $273,279 | $2,651 | 4.40% |
| Outside of Metro Areas | 84 | $18,050,000 | $214,881 | $2,905 | 4.57% |
| PROVO-OREM, UT (FHA|USDA|VA) | 30 | $7,730,000 | $257,667 | $3,207 | 4.26% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 16 | $5,080,000 | $317,500 | $2,786 | 4.05% |
| Cedar City, UT (FHA|USDA|VA) | 6 | $1,410,000 | $235,000 | $2,268 | 4.29% |
| BOISE CITY, ID (FHA|USDA|VA) | 4 | $1,390,000 | $347,500 | $3,161 | 3.96% |
| Evanston, WY (FHA|USDA|VA) | 3 | $825,000 | $275,000 | $1,315 | 5.04% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $805,000 | $805,000 | $7,795 | 4.00% |
| Price, UT (FHA|USDA|VA) | 4 | $600,000 | $150,000 | $2,873 | 5.15% |
| Heber, UT (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $4,041 | 4.18% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 3 | $465,000 | $155,000 | $3,710 | 4.54% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $7,944 | 4.50% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $3,128 | 3.63% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $6,686 | 3.63% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 6.00% |
| Newport, OR (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $6,107 | 4.25% |
| Rock Springs, WY (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $2,260 | 3.88% |
| RENO, NV (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $4,646 | 4.99% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $1,607 | 4.13% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $413 | 3.63% |
| Outside of Metro Areas | 1 | $225,000 | $225,000 | $373 | 4.63% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,475 | 3.50% |
| MONROE, LA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,706 | 4.75% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $1,827 | 3.50% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $105 | 3.25% |
| POCATELLO, ID (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 4.88% |
| IDAHO FALLS, ID (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 5.50% |
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.
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Product Mix
For 2019, Cache Valley Bank's most frequently originated type of loan was Conventional, with 706 originations. Their 2nd most popular type was USDA, with 21 originations.
Loan Reason
For 2019, Cache Valley Bank's most frequently cited loan purpose was Home Purchase, with 453 originations. The 2nd most popular reason was Refi, with 194 originations.
Loan Duration/Length
For 2019, Cache Valley Bank's most frequently cited loan duration was 30 Year, with 607 originations. The 2nd most popular length was 15 Year, with 65 originations.
Origination Fees/Closing Costs
Cache Valley Bank's average total fees were $3,004, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 325 originations.
Interest Rates
During 2019, Cache Valley Bank's average interest rate for loans was 4.15%, while their most frequently originated rate bucket for loans was 3-4%, with 355 originations.
Loan Sizing
2019 saw Cache Valley Bank place emphasis on $200k-400k loans with 387 originations, totaling $109,015,000 in origination value.
Applicant Income
Cache Valley Bank lent most frequently to those with incomes in the $100k-150k range, with 193 originations. The second most popular income band? $50k-75k, with 161 originations.
Applicant Debt to Income Ratio
Cache Valley Bank lent most frequently to those with DTI ratios of 20-30%, with 168 originations. The next most common DTI ratio? 30-36%, with 146 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications99.36%
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 origination96.93%
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 | 749 | $199,985,000 | $267,003 |
Occupancy Type Mix
LTV Distribution
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 | $432,117 |
| Cache Valley Bank | 105 South 500 West Bountiful, UT 84010 | Full Service B&M | $23,632 |
| Cache Valley Bank | 105 South Main Street Loa, UT 84747 | Full Service B&M | $40,935 |
| Cache Valley Bank | 1091 N. Bluff Saint George, UT 84770 | Full Service B&M | $65,301 |
| Cache Valley Bank | 1224 S. River Road Saint George, UT 84790 | Full Service B&M | $31,970 |
| Cache Valley Bank | 1333 North Hillfield Road Layton, UT 84041 | Full Service B&M | $77,090 |
| Cache Valley Bank | 1710 N Main North Logan, UT 84341 | Full Service B&M | $34,366 |
| Cache Valley Bank | 185 North Main Street Nephi, UT 84648 | Full Service B&M | $36,712 |
| Cache Valley Bank | 2 North Main Street Ephraim, UT 84627 | Full Service B&M | $32,280 |
| Cache Valley Bank | 210 South State Street Mount Pleasant, UT 84647 | Full Service B&M | $28,154 |
| Cache Valley Bank | 294 E. Tabernacle Street Saint George, UT 84770 | Full Service B&M | $263,976 |
| Cache Valley Bank | 30 East Main Hyrum, UT 84319 | Full Service B&M | $11,216 |
| Cache Valley Bank | 300 North Milburn Road Fairview, UT 84629 | Full Service B&M | $12,413 |
| Cache Valley Bank | 710 W. Telegraph Street Washington, UT 84780 | Full Service B&M | $36,296 |
| Cache Valley Bank | 82 West Main Street Price, UT 84501 | Full Service B&M | $42,850 |
For 2019, Cache Valley Bank had 15 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $74,769 |
| Net interest income | $64,853 |
| Total noninterest income | $5,931 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $693 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $5,238 |
| Pre-tax net operating income | $34,882 |
| Securities gains (or losses, -) | $21 |
| Income before extraordinary items | $26,151 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $26,151 |
| Minority interest net income | $0 |
| Net income | $26,151 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $26,134 |
Cache Valley Bank's gross interest income from loans was $74,769,000.
Cache Valley Bank's net interest income from loans was $64,853,000.
Cache Valley Bank's fee based income from loans was $693,000.
Cache Valley Bank's net income from loans was $26,151,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $9,916 |
| Provision for credit losses | $2,900 |
| Total noninterest expense | $33,002 |
| Salaries and employee benefits | $20,400 |
| Premises and equipment expense | $4,129 |
| Additional noninterest expense | $8,473 |
| Applicable income taxes | $8,752 |
| Net charge-offs | $2,135 |
| Cash dividends | $7,516 |
Cache Valley Bank's interest expense for loans was $9,916,000.
Cache Valley Bank's payroll and benefits expense were $20,400,000.
Cache Valley Bank's property, plant and equipment expenses $4,129,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 1.0% |
| Real Estate loans | 1.0% |
| Construction & Land Development loans | 0.0% |
| Nonfarm, nonresidential loans | 1.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 0.0% |
| HELOC loans | 0.0% |
| All other family | 0.0% |
| Commercial & industrial loans | 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 | $1,243,878 |
| Deposits held in domestic offices | $1,243,878 |
| Deposits by Individuals, partnerships, and corporations | $1,119,803 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $123,342 |
| Deposits by Commercial banks and other depository institutions in U.S. | $733 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $667,759 |
| Demand deposits | $667,759 |
| Nontransaction accounts | $576,119 |
| Money market deposit accounts (MMDAs) | $228,874 |
| Other savings deposits (excluding MMDAs) | $125,203 |
| Total time deposits | $222,042 |
| Total time and savings deposits | $576,119 |
| Noninterest-bearing deposits | $402,011 |
| Interest-bearing deposits | $841,867 |
| Retail deposits | $1,132,679 |
| IRAs and Keogh plan accounts | $29,161 |
| Brokered deposits | $1,578 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $1,407,956 |
| Cash & Balances due from depository institutions | $239,399 |
| Interest-bearing balances | $222,801 |
| Total securities | $27,495 |
| Federal funds sold & reverse repurchase | $10,502 |
| Net loans and leases | $1,077,138 |
| Loan and leases loss allowance | $16,447 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $37,800 |
| Other real estate owned | $1,557 |
| Goodwill and other intangibles | $392 |
| All other assets | $13,673 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $1,407,956 |
| Total Liabilities | $1,247,912 |
| Total deposits | $1,243,878 |
| Interest-bearing deposits | $841,867 |
| Deposits held in domestic offices | $1,243,878 |
| % insured (estimated) | $56 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $4,034 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $1,077,138 |
| Loan and leases loss allowance | $16,447 |
| Total loans and leases (domestic) | $1,093,585 |
| All real estate loans | $892,417 |
| Real estate loans in domestic offices | $892,417 |
| Construction and development loans | $168,839 |
| Residential 1-4 family construction | $59,662 |
| Other construction, all land development and other land | $109,177 |
| Loans secured by nonfarm nonresidential properties | $526,050 |
| Nonfarm nonresidential secured by owner-occupied properties | $245,575 |
| Commercial real estate & other non-farm, non-residential | $280,475 |
| Multifamily residential real estate | $11,935 |
| 1-4 family residential loans | $110,107 |
| Farmland loans | $75,486 |
| Loans held in foreign offices | $0 |
| Farm loans | $44,553 |
| Commercial and industrial loans | $153,175 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $7,130 |
| Credit card loans | $1,276 |
| Related Plans | $424 |
| Consumer Auto Loans | $2,656 |
| Other loans to individuals | $2,774 |
| All other loans & leases | $1,986 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $261 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $5,913 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $10,407 |
| Non 1-4 family restructured loans & leases | $10,057 |
| Total loans and leases (foreign) | $0 |
Cache Valley Bank had $1,077,138,000 of loans outstanding in 2019. $892,417,000 of loans were in real estate loans. $168,839,000 of loans were in development loans. $11,935,000 of loans were in multifamily mortgage loans. $110,107,000 of loans were in 1-4 family mortgage loans. $44,553,000 of loans were in farm loans. $1,276,000 of loans were in credit card loans. $2,656,000 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 | 507 | $132,732 | $261,799 |
| Nonfarm, nonresidential loans - <$100k | 73 | $3,669 | $50,260 |
| Nonfarm, nonresidential loans - $100-250k | 160 | $20,582 | $128,638 |
| Nonfarm, nonresidential loans - $250k-1MM | 274 | $108,481 | $395,916 |
| Commercial & Industrial, US addressed loans - <$1MM | 1,183 | $101,412 | $85,724 |
| Commercial & Industrial, US addressed loans - <$100k | 749 | $21,265 | $28,391 |
| Commercial & Industrial, US addressed loans - $100-250k | 255 | $27,648 | $108,424 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 179 | $52,499 | $293,291 |
| Farmland loans - <$1MM | 214 | $27,085 | $126,565 |
| Farmland loans - <$100k | 89 | $3,845 | $43,202 |
| Farmland loans - $100-250k | 82 | $11,263 | $137,354 |
| Farmland loans - $250k-1MM | 43 | $11,977 | $278,535 |
| Agriculture operations loans - <$1MM | 306 | $21,114 | $69,000 |
| Agriculture operations loans - <$100k | 220 | $6,308 | $28,673 |
| Agriculture operations loans - $100-250k | 57 | $6,641 | $116,509 |
| Agriculture operations loans - $250k-1MM | 29 | $8,165 | $281,552 |