Bank Of Dudley Mortgage Rates, Fees & Info

Dudley, GA

LEI: 549300CWZXP5LD3GVV26

Tax ID: 58-0152750

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Mortgage Data

Bank Data

Review & Overview

Bank Of Dudley is a smaller bank specializing in Home Purchase and Refi loans. Bank Of Dudley has a high proportion of conventional loans. Their top markets by origination volume include: Dublin, Macon, Atlanta, Jacksonville, and Charleston among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

Bank Of Dudley has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

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Originations

138

Origination Dollar Volume (All Markets)

$9,780,000

Employee count

65

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
Dublin, GA (FHA|USDA|VA) 115 $7,955,000 $69,174 $0 0.00%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 10 $460,000 $46,000 $0 0.00%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $275,000 $275,000 $0 0.00%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $275,000 $275,000 $0 0.00%
Outside of Metro Areas 7 $265,000 $37,857 $0 0.00%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
Milledgeville, GA (FHA|USDA|VA) 2 $220,000 $110,000 $0 0.00%
Statesboro, GA (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
Bank Of Dudley's top markets include Dublin, Macon, Atlanta, Jacksonville, and Charleston among others.

Their top states include:
  • Georgia (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 138 $9,780,000 $70,870 $0 0.00%

    For 2018, Bank Of Dudley's most frequently originated type of loan was Conventional, with 138 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 68 $4,350,000 $63,971 $0 0.00%
    Refi 61 $5,115,000 $83,852 $0 0.00%
    Other 6 $220,000 $36,667 $0 0.00%
    Home Improvement 3 $95,000 $31,667 $0 0.00%

    For 2018, Bank Of Dudley's most frequently cited loan purpose was Home Purchase, with 68 originations. The 2nd most popular reason was Refi, with 61 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 138 $9,780,000 $70,870 $0 0.00%

    For 2018, Bank Of Dudley's most frequently cited loan duration was Other, with 138 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 114 $5,040,000 $44,211 $0 0.00%
    $100k-200k 16 $2,300,000 $143,750 $0 0.00%
    $200k-400k 6 $1,610,000 $268,333 $0 0.00%
    $400k-600k 2 $830,000 $415,000 $0 0.00%

    2018 saw Bank Of Dudley place emphasis on $100,000 or less loans with 114 originations, totaling $5,040,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 40 $1,620,000 $40,500 $0 0.00%
    $50k-75k 18 $1,310,000 $72,778 $0 0.00%
    $75k-100k 10 $870,000 $87,000 $0 0.00%
    $100k-150k 8 $450,000 $56,250 $0 0.00%
    $150k-250k 4 $910,000 $227,500 $0 0.00%
    $250k+ 2 $190,000 $95,000 $0 0.00%

    Bank Of Dudley lent most frequently to those with incomes in the $50k or less range, with 40 originations. The second most popular income band? $50k-75k, with 18 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 138 $9,780,000 $70,870 $0 0.00%

    Bank Of Dudley lent most frequently to those with DTI ratios of Exempt%, with 138 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 78 $5,290,000 $67,821 $0 0.00%
    Not applicable 52 $4,060,000 $78,077 $0 0.00%
    Black 6 $260,000 $43,333 $0 0.00%
    Asian 2 $170,000 $85,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.25%

    Bank Of Dudley 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
    88.41%

    Bank Of Dudley has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 138 $9,780,000 $70,870

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 2 $160,000 $80,000
    Multifamily:Site-Built 1 $65,000 $65,000
    Single Family (1-4 Units):Manufactured 34 $1,620,000 $47,647
    Single Family (1-4 Units):Site-Built 101 $7,935,000 $78,564

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    BANK OF THE WEST Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 4 14.8%
    BANK OF THE WEST VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 3.7%
    BANK OF THE WEST Other type of mortgage Trouble during payment process 3 11.1%
    BANK OF THE WEST Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 3.7%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Trouble during payment process 5 18.5%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Struggling to pay mortgage 1 3.7%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Incorrect information on your report 2 7.4%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Closing on a mortgage 1 3.7%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 4 14.8%
    BANK OF THE WEST FHA mortgage Closing on a mortgage 1 3.7%
    BANK OF THE WEST Conventional home mortgage Trouble during payment process 1 3.7%
    BANK OF THE WEST Conventional home mortgage Struggling to pay mortgage 1 3.7%
    BANK OF THE WEST Conventional home mortgage Closing on a mortgage 2 7.4%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Bank of Dudley 1448 Second Street Dudley, GA 31022 Full Service B&M $32,178
    Bank of Dudley 101 Savannah Avenue East Dublin, GA 31027 Full Service B&M $38,686
    Bank of Dudley 1650 Veterans Boulevard Dublin, GA 31021 Full Service B&M $45,285
    Bank of Dudley 200 West Jackson Street Dublin, GA 31021 Full Service B&M $72,493
    Bank of Dudley 207 Main Street Jeffersonville, GA 31044 Full Service B&M $7,988

    For 2018, Bank Of Dudley had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $10,099
    Net interest income $9,576
    Total noninterest income $1,610
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $619
    Trading account gains and fees $0
    Additional Noninterest Income $991
    Pre-tax net operating income $3,363
    Securities gains (or losses, -) $-26
    Income before extraordinary items $2,655
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,655
    Minority interest net income $0
    Net income $2,655
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,675

    Bank Of Dudley's gross interest income from loans was $10,099,000.
    Bank Of Dudley's net interest income from loans was $9,576,000.
    Bank Of Dudley's fee based income from loans was $619,000.
    Bank Of Dudley's net income from loans was $2,655,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $523
    Provision for credit losses $316
    Total noninterest expense $7,507
    Salaries and employee benefits $4,365
    Premises and equipment expense $998
    Additional noninterest expense $2,144
    Applicable income taxes $682
    Net charge-offs $117
    Cash dividends $800

    Bank Of Dudley's interest expense for loans was $523,000.
    Bank Of Dudley's payroll and benefits expense were $4,365,000.
    Bank Of Dudley's property, plant and equipment expenses $998,000.

    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 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 2.0%
    HELOC loans 0.0%
    All other family 2.0%
    Commercial & industrial loans 1.0%
    Personal loans 0.0%
    Credit card loans 0.5%
    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 $196,483
    Deposits held in domestic offices $196,483
    Deposits by Individuals, partnerships, and corporations $172,598
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $23,885
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $106,050
    Demand deposits $61,168
    Nontransaction accounts $90,433
    Money market deposit accounts (MMDAs) $23,829
    Other savings deposits (excluding MMDAs) $20,563
    Total time deposits $46,040
    Total time and savings deposits $135,315
    Noninterest-bearing deposits $61,168
    Interest-bearing deposits $135,315
    Retail deposits $190,447
    IRAs and Keogh plan accounts $7,838
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $223,068
    Cash & Balances due from depository institutions $26,606
    Interest-bearing balances $19,634
    Total securities $28,554
    Federal funds sold & reverse repurchase $0
    Net loans and leases $154,799
    Loan and leases loss allowance $2,344
    Trading account assets $0
    Bank premises and fixed assets $7,789
    Other real estate owned $349
    Goodwill and other intangibles $0
    All other assets $4,971

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $223,068
    Total Liabilities $196,665
    Total deposits $196,483
    Interest-bearing deposits $135,315
    Deposits held in domestic offices $196,483
    % insured (estimated) $82
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $182

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $154,799
    Loan and leases loss allowance $2,344
    Total loans and leases (domestic) $157,143
    All real estate loans $128,735
    Real estate loans in domestic offices $128,735
    Construction and development loans $16,121
    Residential 1-4 family construction $2,839
    Other construction, all land development and other land $13,282
    Loans secured by nonfarm nonresidential properties $74,896
    Nonfarm nonresidential secured by owner-occupied properties $38,333
    Commercial real estate & other non-farm, non-residential $36,563
    Multifamily residential real estate $714
    1-4 family residential loans $35,091
    Farmland loans $1,913
    Loans held in foreign offices $0
    Farm loans $226
    Commercial and industrial loans $18,898
    To non-U.S. addressees $0
    Loans to individuals $9,284
    Credit card loans $1,077
    Related Plans $4
    Consumer Auto Loans $2,218
    Other loans to individuals $5,985
    All other loans & leases $0
    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 $822
    Non 1-4 family restructured loans & leases $822
    Total loans and leases (foreign) $0

    Bank of Dudley had $154,799,000 of loans outstanding in 2018. $128,735,000 of loans were in real estate loans. $16,121,000 of loans were in development loans. $714,000 of loans were in multifamily mortgage loans. $35,091,000 of loans were in 1-4 family mortgage loans. $226,000 of loans were in farm loans. $1,077,000 of loans were in credit card loans. $2,218,000 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 213 $48,629 $228,305
    Nonfarm, nonresidential loans - <$100k 65 $2,593 $39,892
    Nonfarm, nonresidential loans - $100-250k 53 $7,115 $134,245
    Nonfarm, nonresidential loans - $250k-1MM 95 $38,921 $409,695
    Commercial & Industrial, US addressed loans - <$1MM 419 $17,806 $42,496
    Commercial & Industrial, US addressed loans - <$100k 367 $7,315 $19,932
    Commercial & Industrial, US addressed loans - $100-250k 34 $3,611 $106,206
    Commercial & Industrial, US addressed loans - $250k-1MM 18 $6,880 $382,222
    Farmland loans - <$1MM 1 $218 $218,000
    Farmland loans - $100-250k 1 $218 $218,000
    Agriculture operations loans - <$1MM 11 $226 $20,545
    Agriculture operations loans - <$100k 11 $226 $20,545