Cashmere Valley Bank Mortgage Rates, Fees & Info

Cashmere, WA

LEI: 549300DU4JZVSGF3G964

Tax ID: 91-0168460

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Cashmere Valley Bank is a smaller bank specializing in Refi, Home Purchase, and Cash Out Refi loans. Cashmere Valley Bank has a high proportion of conventional loans. Their top markets by origination volume include: Wenatchee, Ellensburg, Bremerton, Yakima, and Seattle among others. We have data for 8 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. Cashmere 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 6.83% 4/21/24
    30 Year Conventional Refi 7.08% 4/21/24
    30 Year Cash-out Refi 6.97% 4/21/24
    15 Year Conventional Purchase 6.23% 4/21/24
    15 Year Conventional Refi 6.30% 4/21/24
    15 Year Cash-out Refi 6.30% 4/21/24
    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

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

    This is not an official calculator from Cashmere 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

    484

    Origination Dollar Volume (All Markets)

    $180,970,000

    Employee count

    287

    Awards

    Cashmere Valley Bank 30 Year Conventional Loans gold Cashmere Valley Bank 30 Year Conventional Loans gold Cashmere Valley Bank 30 Year Conventional Loans silver
    Show all (3) 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
    WENATCHEE, WA (FHA|USDA|VA) 370 $128,440,000 $347,135 $3,137 3.16%
    Ellensburg, WA (FHA|USDA|VA) 68 $26,280,000 $386,471 $2,646 3.21%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $11,305,000 $11,305,000 $0 4.00%
    YAKIMA, WA (FHA|USDA|VA) 18 $6,980,000 $387,778 $3,022 3.31%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 9 $3,475,000 $386,111 $3,072 3.24%
    Moses Lake, WA (FHA|USDA|VA) 13 $3,215,000 $247,308 $3,076 2.98%
    Outside of Metro Areas 4 $1,100,000 $275,000 $2,865 3.13%
    MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 1 $175,000 $175,000 $2,414 3.50%
    Cashmere Valley Bank's top markets include Wenatchee, Ellensburg, Bremerton, Yakima, and Seattle among others.

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

    • Similar Lenders

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

    Yakima Federal Savings and Loan Association
    Similarity Rank: 450
    Cashmere Valley Bank
    Similarity Rank: 1096
    HAPO COMMUNITY CREDIT UNION
    Similarity Rank: 1116
    Bank of the Pacific
    Similarity Rank: 1682
    Solarity Credit Union
    Similarity Rank: 1764
    NUMERICA CREDIT UNION
    Similarity Rank: 1984
    HORIZON
    Similarity Rank: 2010
    SOUND
    Similarity Rank: 2037
    Wheatland Bank
    Similarity Rank: 2130
    America's Credit Union
    Similarity Rank: 2352

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 484 $180,970,000 $373,905 $3,061 3.17%

    For 2021, Cashmere Valley Bank's most frequently originated type of loan was Conventional, with 484 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 174 $49,120,000 $282,299 $2,654 3.01%
    Home Purchase 163 $91,575,000 $561,810 $3,189 3.26%
    Cash Out Refi 136 $37,610,000 $276,544 $3,373 3.28%
    Other 9 $2,355,000 $261,667 $3,910 3.21%
    Home Improvement 2 $310,000 $155,000 $3,568 3.06%

    For 2021, Cashmere Valley Bank's most frequently cited loan purpose was Refi, with 174 originations. The 2nd most popular reason was Home Purchase, with 163 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 295 $94,465,000 $320,220 $3,258 3.32%
    15 Year 134 $29,230,000 $218,134 $2,704 2.76%
    20 Year 32 $7,710,000 $240,938 $2,998 3.31%
    10 Year 18 $29,810,000 $1,656,111 $2,169 3.23%
    5 Year 3 $12,095,000 $4,031,667 $0 3.92%
    1 Year 1 $305,000 $305,000 $0 5.50%
    Other 1 $7,355,000 $7,355,000 $0 4.25%

    For 2021, Cashmere Valley Bank's most frequently cited loan duration was 30 Year, with 295 originations. The 2nd most popular length was 15 Year, with 134 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 266 $72,560,000 $272,782
    $1k-2k 85 $22,995,000 $270,529
    $2k-3k 57 $16,415,000 $287,982
    $3k-4k 17 $6,655,000 $391,471
    $5k+ 10 $4,620,000 $462,000
    $4k-5k 9 $3,355,000 $372,778

    Cashmere Valley Bank's average total fees were $3,258, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 266 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 272 $122,160,000 $449,118
    2.5-3% 176 $41,930,000 $238,239
    <2.5% 26 $6,480,000 $249,231
    4-5% 9 $10,095,000 $1,121,667
    5-6% 1 $305,000 $305,000

    During 2021, Cashmere Valley Bank's average interest rate for loans was 3.32%, while their most frequently originated rate bucket for loans was 3-4%, with 272 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 235 $65,995,000 $280,830 $2,977 3.19%
    $100k-200k 116 $17,980,000 $155,000 $2,537 3.09%
    $400k-600k 87 $41,025,000 $471,552 $4,096 3.23%
    $100,000 or less 28 $2,170,000 $77,500 $2,310 2.84%
    $600k-1MM 10 $7,450,000 $745,000 $3,952 3.70%
    $1MM+ 8 $46,350,000 $5,793,750 $3,010 3.74%

    2021 saw Cashmere Valley Bank place emphasis on $200k-400k loans with 235 originations, totaling $65,995,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 110 $25,600,000 $232,727 $2,912 3.21%
    $100k-150k 105 $30,895,000 $294,238 $3,052 3.17%
    $150k-250k 80 $29,460,000 $368,250 $3,462 3.12%
    $75k-100k 78 $20,320,000 $260,513 $3,059 3.13%
    $50k or less 61 $9,395,000 $154,016 $2,570 3.11%
    $250k+ 39 $17,495,000 $448,590 $3,471 3.19%

    Cashmere Valley Bank lent most frequently to those with incomes in the $50k-75k range, with 110 originations. The second most popular income band? $100k-150k, with 105 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 144 $40,650,000 $282,292 $3,118 3.10%
    30-36% 101 $26,515,000 $262,525 $3,046 3.15%
    <20% 71 $19,695,000 $277,394 $2,875 3.05%
    37% 17 $4,645,000 $273,235 $3,436 3.40%
    42% 15 $4,365,000 $291,000 $3,259 3.33%
    41% 15 $5,455,000 $363,667 $2,932 3.28%
    43% 15 $4,535,000 $302,333 $3,359 3.19%
    45% 14 $4,040,000 $288,571 $3,186 3.13%
    44% 11 $3,145,000 $285,909 $3,370 3.40%
    36% 11 $2,885,000 $262,273 $3,146 3.30%
    39% 9 $2,955,000 $328,333 $2,625 3.29%
    48% 9 $2,725,000 $302,778 $2,858 3.14%
    40% 9 $2,615,000 $290,556 $2,930 3.24%
    49% 8 $1,690,000 $211,250 $3,694 3.06%
    46% 6 $1,070,000 $178,333 $2,156 3.35%
    47% 6 $1,820,000 $303,333 $2,460 3.19%
    38% 6 $1,920,000 $320,000 $3,559 3.13%
    50-60% 6 $2,440,000 $406,667 $2,611 3.38%

    Cashmere Valley Bank lent most frequently to those with DTI ratios of 20-30%, with 144 originations. The next most common DTI ratio? 30-36%, with 101 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 393 $117,585,000 $299,198 $3,069 3.18%
    Not applicable 7 $42,885,000 $6,126,429 $0 3.93%
    American Indian 52 $11,150,000 $214,423 $2,630 3.07%
    Not provided 28 $8,600,000 $307,143 $4,017 3.15%
    Asian 3 $535,000 $178,333 $1,681 2.75%
    Asian Indian 1 $215,000 $215,000 $0 3.50%

    Approval Rates

    Total approvals of all applications
    91.01%

    Cashmere Valley Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.92%

    Cashmere Valley Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 484 $180,970,000 $373,905

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    484 $180,970,000 $373,905

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 100 $18,670,000 $186,700 $2,541 2.94%
    40-60% 144 $55,130,000 $382,847 $2,888 3.13%
    60-80% 168 $80,940,000 $481,786 $3,555 3.36%
    80-100% 53 $24,245,000 $457,453 $3,379 3.17%
    Under 20% 19 $1,985,000 $104,474 $2,219 3.02%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Cashmere Valley Bank 101 University Way Ellensburg, WA 98926 Full Service B&M $171,320
    Cashmere Valley Bank 1108 Maple Street Wenatchee, WA 98801 Full Service B&M $298,263
    Cashmere Valley Bank 117 Aplets Way Cashmere, WA 98815 Full Service B&M $245,458
    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 $120,859
    Cashmere Valley Bank 127 Easy Street Wenatchee, WA 98801 Full Service B&M $201,028
    Cashmere Valley Bank 127 W. Yakima Ave. Yakima, WA 98902 Full Service B&M $10,020
    Cashmere Valley Bank 199 Valley Mall Parkway East Wenatchee, WA 98802 Full Service B&M $274,618
    Cashmere Valley Bank 329 E. Woodin Avenue Chelan, WA 98816 Full Service B&M $116,352
    Cashmere Valley Bank 5802 Summitview Ave. Yakima, WA 98908 Full Service B&M $31,215
    Cashmere Valley Bank 803 W 1st St Cle Elum, WA 98922 Full Service B&M $105,620
    Cashmere Valley Bank 980 Highway 2 Leavenworth, WA 98826 Full Service B&M $297,569

    For 2021, Cashmere Valley Bank had 12 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $57,966
    Net interest income $52,823
    Total noninterest income $22,695
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,634
    Trading account gains and fees $0
    Additional Noninterest Income $21,061
    Pre-tax net operating income $33,981
    Securities gains (or losses, -) $1
    Income before extraordinary items $29,033
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $29,033
    Minority interest net income $0
    Net income $29,033
    Sale, conversion, retirement of capital stock, net $-6,413
    Net operating income $29,032

    Cashmere Valley Bank's gross interest income from loans was $57,966,000.
    Cashmere Valley Bank's net interest income from loans was $52,823,000.
    Cashmere Valley Bank's fee based income from loans was $1,634,000.
    Cashmere Valley Bank's net income from loans was $29,033,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $5,143
    Provision for credit losses $81
    Total noninterest expense $41,456
    Salaries and employee benefits $22,120
    Premises and equipment expense $3,123
    Additional noninterest expense $16,213
    Applicable income taxes $4,949
    Net charge-offs $37
    Cash dividends $6,081

    Cashmere Valley Bank's interest expense for loans was $5,143,000.
    Cashmere Valley Bank's payroll and benefits expense were $22,120,000.
    Cashmere Valley Bank's property, plant and equipment expenses $3,123,000.

    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 $1,936,577
    Deposits held in domestic offices $1,936,577
    Deposits by Individuals, partnerships, and corporations $1,888,929
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $47,648
    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 $166,989
    Demand deposits $94,120
    Nontransaction accounts $1,769,588
    Money market deposit accounts (MMDAs) $315,635
    Other savings deposits (excluding MMDAs) $1,251,166
    Total time deposits $202,787
    Total time and savings deposits $1,842,457
    Noninterest-bearing deposits $432,621
    Interest-bearing deposits $1,503,956
    Retail deposits $1,894,292
    IRAs and Keogh plan accounts $44,162
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $2,224,302
    Cash & Balances due from depository institutions $103,849
    Interest-bearing balances $81,399
    Total securities $1,103,232
    Federal funds sold & reverse repurchase $10,155
    Net loans and leases $928,176
    Loan and leases loss allowance $13,774
    Trading account assets $0
    Bank premises and fixed assets $17,058
    Other real estate owned $0
    Goodwill and other intangibles $14,663
    All other assets $47,169

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $2,224,302
    Total Liabilities $1,985,204
    Total deposits $1,936,577
    Interest-bearing deposits $1,503,956
    Deposits held in domestic offices $1,936,577
    % insured (estimated) $69
    Federal funds purchased and repurchase agreements $34,504
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $14,123

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $928,176
    Loan and leases loss allowance $13,774
    Total loans and leases (domestic) $941,950
    All real estate loans $531,528
    Real estate loans in domestic offices $531,528
    Construction and development loans $91,186
    Residential 1-4 family construction $11,666
    Other construction, all land development and other land $79,520
    Loans secured by nonfarm nonresidential properties $278,460
    Nonfarm nonresidential secured by owner-occupied properties $66,459
    Commercial real estate & other non-farm, non-residential $212,001
    Multifamily residential real estate $52,972
    1-4 family residential loans $103,556
    Farmland loans $5,354
    Loans held in foreign offices $0
    Farm loans $1,332
    Commercial and industrial loans $98,151
    To non-U.S. addressees $0
    Loans to individuals $203,816
    Credit card loans $3,615
    Related Plans $3,343
    Consumer Auto Loans $183,709
    Other loans to individuals $13,149
    All other loans & leases $107,123
    Loans to foreign governments and official institutions $0
    Other loans $11,429
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $458
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $15,638
    Non 1-4 family restructured loans & leases $11,412
    Total loans and leases (foreign) $0

    Cashmere Valley Bank had $928,176,000 of loans outstanding in 2021. $531,528,000 of loans were in real estate loans. $91,186,000 of loans were in development loans. $52,972,000 of loans were in multifamily mortgage loans. $103,556,000 of loans were in 1-4 family mortgage loans. $1,332,000 of loans were in farm loans. $3,615,000 of loans were in credit card loans. $183,709,000 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 187 $59,055 $315,802
    Nonfarm, nonresidential loans - <$100k 6 $332 $55,333
    Nonfarm, nonresidential loans - $100-250k 55 $7,607 $138,309
    Nonfarm, nonresidential loans - $250k-1MM 126 $51,116 $405,683
    Commercial & Industrial, US addressed loans - <$1MM 1,495 $80,766 $54,024
    Commercial & Industrial, US addressed loans - <$100k 1,122 $36,138 $32,209
    Commercial & Industrial, US addressed loans - $100-250k 300 $28,293 $94,310
    Commercial & Industrial, US addressed loans - $250k-1MM 73 $16,335 $223,767
    Farmland loans - <$1MM 18 $2,520 $140,000
    Farmland loans - <$100k 5 $213 $42,600
    Farmland loans - $100-250k 10 $1,266 $126,600
    Farmland loans - $250k-1MM 3 $1,041 $347,000
    Agriculture operations loans - <$1MM 15 $854 $56,933
    Agriculture operations loans - <$100k 10 $173 $17,300
    Agriculture operations loans - $100-250k 2 $231 $115,500
    Agriculture operations loans - $250k-1MM 3 $450 $150,000