Cashmere Valley Bank Mortgage Rates, Fees & Info

Cashmere, WA

LEI: 549300DU4JZVSGF3G964

Tax ID: 91-0168460

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Mortgage Data

Bank Data

Review & Overview

Cashmere Valley Bank is a smaller bank specializing in Home Purchase, Cash Out Refi, and Refi loans. Cashmere Valley Bank has a high proportion of conventional loans. Their top markets by origination volume include: Wenatchee, Ellensburg, Yakima, Seattle, and Moses Lake among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)

Cashmere Valley Bank 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.

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 6.83% 12/16/24
30 Year Conventional Refi 7.08% 12/16/24
30 Year Cash-out Refi 6.97% 12/16/24
15 Year Conventional Purchase 6.23% 12/16/24
15 Year Conventional Refi 6.30% 12/16/24
15 Year Cash-out Refi 6.30% 12/16/24
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.

Cashmere Valley Bank Mortgage Calculator






Your Estimates

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


Originations

408

Origination Dollar Volume (All Markets)

$119,810,000

Employee count

260

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
WENATCHEE, WA (FHA|USDA|VA) 303 $78,785,000 $260,017 $0 0.00%
Ellensburg, WA (FHA|USDA|VA) 54 $16,930,000 $313,519 $0 0.00%
YAKIMA, WA (FHA|USDA|VA) 23 $13,455,000 $585,000 $0 0.00%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 11 $6,985,000 $635,000 $0 0.00%
Outside of Metro Areas 5 $1,205,000 $241,000 $0 0.00%
Moses Lake, WA (FHA|USDA|VA) 6 $1,060,000 $176,667 $0 0.00%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 3 $675,000 $225,000 $0 0.00%
Pullman, WA (FHA|USDA|VA) 1 $255,000 $255,000 $0 0.00%
Othello, WA (FHA|USDA|VA) 1 $235,000 $235,000 $0 0.00%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
Cashmere Valley Bank's top markets include Wenatchee, Ellensburg, Yakima, Seattle, and Moses Lake among others.

Their top states include:
  • Washington (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 408 $119,810,000 $293,652 $0 0.00%

    For 2019, Cashmere Valley Bank's most frequently originated type of loan was Conventional, with 408 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 183 $57,225,000 $312,705 $0 0.00%
    Cash Out Refi 106 $25,070,000 $236,509 $0 0.00%
    Refi 103 $35,045,000 $340,243 $0 0.00%
    Other 11 $1,795,000 $163,182 $0 0.00%
    Home Improvement 5 $675,000 $135,000 $0 0.00%

    For 2019, Cashmere Valley Bank's most frequently cited loan purpose was Home Purchase, with 183 originations. The 2nd most popular reason was Cash Out Refi, with 106 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 408 $119,810,000 $293,652 $0 0.00%

    For 2019, Cashmere Valley Bank's most frequently cited loan duration was Other, with 408 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 201 $56,485,000 $281,020 $0 0.00%
    $100k-200k 112 $17,830,000 $159,196 $0 0.00%
    $400k-600k 52 $23,540,000 $452,692 $0 0.00%
    $100,000 or less 30 $2,290,000 $76,333 $0 0.00%
    $1MM+ 7 $15,015,000 $2,145,000 $0 0.00%
    $600k-1MM 6 $4,650,000 $775,000 $0 0.00%

    2019 saw Cashmere Valley Bank place emphasis on $200k-400k loans with 201 originations, totaling $56,485,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 89 $26,935,000 $302,640 $0 0.00%
    $50k-75k 83 $19,025,000 $229,217 $0 0.00%
    $75k-100k 68 $17,720,000 $260,588 $0 0.00%
    $50k or less 63 $9,215,000 $146,270 $0 0.00%
    $150k-250k 49 $16,335,000 $333,367 $0 0.00%
    $250k+ 30 $9,890,000 $329,667 $0 0.00%

    Cashmere Valley Bank lent most frequently to those with incomes in the $100k-150k range, with 89 originations. The second most popular income band? $50k-75k, with 83 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 408 $119,810,000 $293,652 $0 0.00%

    Cashmere Valley Bank lent most frequently to those with DTI ratios of Exempt%, with 408 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 329 $87,105,000 $264,757 $0 0.00%
    Not applicable 26 $20,690,000 $795,769 $0 0.00%
    American Indian 42 $8,670,000 $206,429 $0 0.00%
    Not provided 8 $2,520,000 $315,000 $0 0.00%
    Asian 3 $825,000 $275,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.39%

    Cashmere Valley Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    80.15%

    Cashmere Valley Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 408 $119,810,000 $293,652

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 9 $15,485,000 $1,720,556
    Single Family (1-4 Units):Manufactured 26 $3,770,000 $145,000
    Single Family (1-4 Units):Site-Built 373 $100,555,000 $269,584

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Cashmere Valley Bank 199 Valley Mall Parkway East Wenatchee, WA 98802 Full Service B&M $209,698
    Cashmere Valley Bank 329 E. Woodin Avenue Chelan, WA 98816 Full Service B&M $86,704
    Cashmere Valley Bank 5802 Summitview Ave. Yakima, WA 98908 Full Service B&M $16,907
    Cashmere Valley Bank 803 W 1st St Cle Elum, WA 98922 Full Service B&M $71,798
    Cashmere Valley Bank 980 Highway 2 Leavenworth, WA 98826 Full Service B&M $206,200
    Cashmere Valley Bank 101 University Way Ellensburg, WA 98926 Full Service B&M $101,289
    Cashmere Valley Bank 117 Aplets Way Cashmere, WA 98815 Full Service B&M $180,152
    Cashmere Valley Bank 1108 Maple Street Wenatchee, WA 98801 Full Service B&M $221,618
    Cashmere Valley Bank 124 E. Penny Rd. Wenatchee, WA 98801 Full Service B&M $0
    Cashmere Valley Bank 124 South Chelan Street Wenatchee, WA 98801 Full Service B&M $92,386
    Cashmere Valley Bank 127 Easy Street Wenatchee, WA 98801 Full Service B&M $145,966
    Cashmere Valley Bank 127 W. Yakima Ave. Yakima, WA 98902 Full Service B&M $1,942

    For 2019, Cashmere Valley Bank had 12 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $54,905
    Net interest income $47,535
    Total noninterest income $16,287
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,914
    Trading account gains and fees $0
    Additional Noninterest Income $14,373
    Pre-tax net operating income $26,517
    Securities gains (or losses, -) $772
    Income before extraordinary items $23,395
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $23,395
    Minority interest net income $0
    Net income $23,395
    Sale, conversion, retirement of capital stock, net $-9,424
    Net operating income $22,731

    Cashmere Valley Bank's gross interest income from loans was $54,905,000.
    Cashmere Valley Bank's net interest income from loans was $47,535,000.
    Cashmere Valley Bank's fee based income from loans was $1,914,000.
    Cashmere Valley Bank's net income from loans was $23,395,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $7,370
    Provision for credit losses $709
    Total noninterest expense $36,596
    Salaries and employee benefits $18,745
    Premises and equipment expense $3,139
    Additional noninterest expense $14,712
    Applicable income taxes $3,894
    Net charge-offs $820
    Cash dividends $5,357

    Cashmere Valley Bank's interest expense for loans was $7,370,000.
    Cashmere Valley Bank's payroll and benefits expense were $18,745,000.
    Cashmere Valley Bank's property, plant and equipment expenses $3,139,000.

    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 $1,423,347
    Deposits held in domestic offices $1,423,347
    Deposits by Individuals, partnerships, and corporations $1,380,498
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $42,760
    Deposits by Commercial banks and other depository institutions in U.S. $89
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $126,582
    Demand deposits $71,426
    Nontransaction accounts $1,296,765
    Money market deposit accounts (MMDAs) $197,015
    Other savings deposits (excluding MMDAs) $839,991
    Total time deposits $259,759
    Total time and savings deposits $1,351,921
    Noninterest-bearing deposits $274,171
    Interest-bearing deposits $1,149,176
    Retail deposits $1,366,375
    IRAs and Keogh plan accounts $45,206
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,651,499
    Cash & Balances due from depository institutions $137,063
    Interest-bearing balances $107,434
    Total securities $542,109
    Federal funds sold & reverse repurchase $4,293
    Net loans and leases $909,157
    Loan and leases loss allowance $11,188
    Trading account assets $0
    Bank premises and fixed assets $16,772
    Other real estate owned $0
    Goodwill and other intangibles $11,217
    All other assets $30,888

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,651,499
    Total Liabilities $1,446,095
    Total deposits $1,423,347
    Interest-bearing deposits $1,149,176
    Deposits held in domestic offices $1,423,347
    % insured (estimated) $74
    Federal funds purchased and repurchase agreements $10,154
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $12,594

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $909,157
    Loan and leases loss allowance $11,188
    Total loans and leases (domestic) $920,345
    All real estate loans $555,608
    Real estate loans in domestic offices $555,608
    Construction and development loans $62,602
    Residential 1-4 family construction $21,140
    Other construction, all land development and other land $41,462
    Loans secured by nonfarm nonresidential properties $264,816
    Nonfarm nonresidential secured by owner-occupied properties $92,735
    Commercial real estate & other non-farm, non-residential $172,081
    Multifamily residential real estate $63,459
    1-4 family residential loans $154,049
    Farmland loans $10,682
    Loans held in foreign offices $0
    Farm loans $2,391
    Commercial and industrial loans $61,653
    To non-U.S. addressees $0
    Loans to individuals $211,259
    Credit card loans $4,435
    Related Plans $3,987
    Consumer Auto Loans $189,287
    Other loans to individuals $13,550
    All other loans & leases $89,434
    Loans to foreign governments and official institutions $0
    Other loans $941
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $1,022
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $12,259
    Non 1-4 family restructured loans & leases $7,850
    Total loans and leases (foreign) $0

    Cashmere Valley Bank had $909,157,000 of loans outstanding in 2019. $555,608,000 of loans were in real estate loans. $62,602,000 of loans were in development loans. $63,459,000 of loans were in multifamily mortgage loans. $154,049,000 of loans were in 1-4 family mortgage loans. $2,391,000 of loans were in farm loans. $4,435,000 of loans were in credit card loans. $189,287,000 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 256 $77,406 $302,367
    Nonfarm, nonresidential loans - <$100k 13 $615 $47,308
    Nonfarm, nonresidential loans - $100-250k 81 $10,282 $126,938
    Nonfarm, nonresidential loans - $250k-1MM 162 $66,509 $410,549
    Commercial & Industrial, US addressed loans - <$1MM 1,751 $57,292 $32,720
    Commercial & Industrial, US addressed loans - <$100k 1,499 $34,530 $23,035
    Commercial & Industrial, US addressed loans - $100-250k 201 $13,677 $68,045
    Commercial & Industrial, US addressed loans - $250k-1MM 51 $9,085 $178,137
    Farmland loans - <$1MM 22 $3,005 $136,591
    Farmland loans - <$100k 4 $207 $51,750
    Farmland loans - $100-250k 16 $1,994 $124,625
    Farmland loans - $250k-1MM 2 $804 $402,000
    Agriculture operations loans - <$1MM 20 $1,432 $71,600
    Agriculture operations loans - <$100k 11 $247 $22,455
    Agriculture operations loans - $100-250k 7 $412 $58,857
    Agriculture operations loans - $250k-1MM 2 $773 $386,500