Guardian Savings Bank A Federal Savings Bank Mortgage Rates, Fees & Info

West Chester, OH

LEI: 549300ENNFGLHCMQ1U82

Tax ID: 31-0471850

5 stars - out of 5 stars, based on 89 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Guardian Savings Bank A Federal Savings Bank is a small bank specializing in Refi and Cash Out Refi loans. Guardian Savings Bank A Federal Savings Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets include Cincinnati, Lexington, Richmond, Louisville/jefferson County, and Frankfort among others. Guardian Savings Bank A Federal Savings Bank has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Guardian Savings Bank A Federal Savings Bank is typically a low fee lendor.


Originations

7,850

Origination Dollar Volume (All Markets)

$1,478,590,000

Employee count

192 Show all (25) awards

Relative Rate

Guardian Savings Bank A Federal Savings Bank's average 30 year fixed rate mortgage of loans were 3%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.15%.

Relative Fees

Guardian Savings Bank A Federal Savings Bank's average total fees for a 30 year fixed rate mortgage are $1,332.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 5,824 $1,074,960,000 $184,574 $979 2.82%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1,535 $305,845,000 $199,248 $870 2.83%
Richmond-Berea, KY (FHA|USDA|VA) 100 $19,780,000 $197,800 $774 2.86%
LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 81 $19,285,000 $238,086 $1,043 2.83%
Frankfort, KY (FHA|USDA|VA) 71 $12,265,000 $172,746 $955 2.90%
Outside of Metro Areas 65 $10,995,000 $169,154 $778 2.88%
DAYTON-KETTERING, OH (FHA|USDA|VA) 44 $6,390,000 $145,227 $911 2.90%
Danville, KY (FHA|USDA|VA) 24 $4,460,000 $185,833 $1,200 2.74%
COLUMBUS, OH (FHA|USDA|VA) 16 $4,100,000 $256,250 $599 2.81%
KNOXVILLE, TN (FHA|USDA|VA) 9 $3,685,000 $409,444 $3,786 2.99%
Wilmington, OH (FHA|USDA|VA) 13 $1,945,000 $149,615 $798 2.84%
Somerset, KY (FHA|USDA|VA) 10 $1,820,000 $182,000 $542 2.94%
Mount Sterling, KY (FHA|USDA|VA) 9 $1,555,000 $172,778 $510 2.90%
Bellefontaine, OH (FHA|USDA|VA) 4 $760,000 $190,000 $1,236 2.72%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 2 $690,000 $345,000 $2,768 3.13%
BLOOMINGTON, IN (FHA|USDA|VA) 2 $640,000 $320,000 $3,295 2.88%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 3 $635,000 $211,667 $641 3.00%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $630,000 $315,000 $3,779 2.94%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $570,000 $285,000 $2,979 3.38%
BOWLING GREEN, KY (FHA|USDA|VA) 2 $570,000 $285,000 $1,941 2.94%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 1 $545,000 $545,000 $4,843 2.88%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $535,000 $535,000 $8,026 2.88%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $505,000 $505,000 $3,902 2.88%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $505,000 $505,000 $0 3.75%
Maysville, KY (FHA|USDA|VA) 3 $465,000 $155,000 $845 2.83%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $385,000 $385,000 $4,698 2.88%
PANAMA CITY, FL (FHA|USDA|VA) 2 $360,000 $180,000 $2,176 2.63%
ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) 2 $350,000 $175,000 $631 2.94%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $325,000 $325,000 $3,744 2.88%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $315,000 $315,000 $4,826 2.25%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $305,000 $305,000 $2,191 2.75%
SPRINGFIELD, OH (FHA|USDA|VA) 2 $280,000 $140,000 $691 3.13%
Bardstown, KY (FHA|USDA|VA) 2 $250,000 $125,000 $822 2.88%
Traverse City, MI (FHA|USDA|VA) 1 $235,000 $235,000 $2,503 3.00%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $230,000 $115,000 $1,736 2.81%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $215,000 $215,000 $3,214 2.88%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $215,000 $215,000 $6,827 3.63%
LIMA, OH (FHA|USDA|VA) 1 $205,000 $205,000 $1,206 2.88%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $185,000 $185,000 $2,651 3.25%
SAVANNAH, GA (FHA|USDA|VA) 1 $125,000 $125,000 $2,915 3.00%
Madison, IN (FHA|USDA|VA) 1 $125,000 $125,000 $300 2.75%
London, KY (FHA|USDA|VA) 1 $115,000 $115,000 $750 2.50%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $105,000 $105,000 $2,171 3.00%
KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $95,000 $95,000 $1,714 2.25%
CANTON-MASSILLON, OH (FHA|USDA|VA) 1 $35,000 $35,000 $0 3.25%

Guardian Savings Bank A Federal Savings Bank's top markets include Cincinnati, Lexington, Richmond, Louisville/jefferson County, and Frankfort among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 7,664 $1,439,760,000 $187,860 $860 2.83%
FHA 108 $19,520,000 $180,741 $5,415 2.78%
VA 64 $16,660,000 $260,313 $4,786 2.43%
USDA 14 $2,650,000 $189,286 $3,815 2.51%

For the 2021 period, Guardian Savings Bank A Federal Savings Bank's most frequently originated loan type of loans were Conventional, with 7,664 originations. Their 2nd most popular type is FHA, with 108 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 4,382 $800,990,000 $182,791 $488 2.82%
Cash Out Refi 2,036 $394,470,000 $193,748 $1,539 2.84%
Home Purchase 1,128 $271,640,000 $240,816 $2,016 2.96%
Home Improvement 269 $6,025,000 $22,398 $207 2.13%
Other 35 $5,465,000 $156,143 $1,590 3.00%

For the 2021, Guardian Savings Bank A Federal Savings Bank's most frequently cited loan purpose of loans were Refi, with 4,382 originations. The 2nd most popular reason of loans were Cash Out Refi, with 2,036 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 3,764 $814,970,000 $216,517 $1,332 3.00%
15 Year 2,159 $349,615,000 $161,934 $625 2.61%
20 Year 1,076 $203,090,000 $188,745 $790 2.86%
Other 356 $77,380,000 $217,360 $628 2.86%
10 Year 261 $32,115,000 $123,046 $494 2.59%
5 Year 234 $1,420,000 $6,068 $149 2.00%

For the 2021, Guardian Savings Bank A Federal Savings Bank's most frequently cited loan length of loans were 30 Year, with 3,764 originations. The 2nd most popular length of loans were 15 Year, with 2,159 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 5,754 $982,580,000 $170,765
$1k-2k 1,201 $275,115,000 $229,072
$2k-3k 359 $90,225,000 $251,323
$3k-4k 215 $61,485,000 $285,977
$5k+ 61 $23,055,000 $377,951

$1,332 of loans were Guardian Savings Bank A Federal Savings Bank's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 5,754 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 5,465 $1,077,695,000 $197,199
<2.5% 1,694 $252,830,000 $149,250
3-4% 690 $147,990,000 $214,478
4-5% 1 $75,000 $75,000

During 2021, Guardian Savings Bank A Federal Savings Bank's average interest rate of loans were 3.00%, while their most frequently originated rate bucket of loans were 2.5-3%, with 5,465 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 3,592 $535,330,000 $149,034 $826 2.84%
$200k-400k 2,528 $668,960,000 $264,620 $1,280 2.87%
$100,000 or less 1,360 $88,040,000 $64,735 $443 2.66%
$400k-600k 347 $165,115,000 $475,836 $1,836 2.89%
$600k-1MM 19 $13,855,000 $729,211 $3,879 3.13%
$1MM+ 4 $7,290,000 $1,822,500 $9,273 3.63%

2021 saw Guardian Savings Bank A Federal Savings Bank place emphasis on $100k-200k loans with 3,592 originations, totaling $535,330,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 1,990 $421,080,000 $211,598 $1,051 2.83%
$50k-75k 1,681 $246,165,000 $146,440 $881 2.84%
$75k-100k 1,503 $263,225,000 $175,133 $922 2.84%
$150k-250k 1,263 $324,235,000 $256,718 $1,037 2.83%
$50k or less 1,024 $98,630,000 $96,318 $801 2.75%
$250k+ 295 $103,415,000 $350,559 $1,146 2.82%

Guardian Savings Bank A Federal Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 1,990 originations. The second most popular income band? $50k-75k, with 1,681 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 2,739 $528,725,000 $193,036 $916 2.85%
<20% 1,745 $318,025,000 $182,249 $685 2.80%
30-36% 1,355 $269,945,000 $199,221 $1,069 2.87%
36% 190 $37,720,000 $198,526 $1,046 2.87%
37% 186 $36,790,000 $197,796 $1,225 2.90%
40% 185 $39,505,000 $213,541 $1,485 2.89%
39% 183 $37,505,000 $204,945 $1,244 2.88%
38% 167 $31,215,000 $186,916 $1,001 2.84%
41% 165 $32,855,000 $199,121 $1,302 2.88%
42% 143 $27,415,000 $191,713 $1,095 2.90%
43% 129 $24,365,000 $188,876 $1,292 2.87%
44% 117 $23,385,000 $199,872 $1,488 2.88%
45% 88 $18,740,000 $212,955 $1,262 2.92%
46% 59 $11,775,000 $199,576 $1,391 2.95%
47% 37 $7,595,000 $205,270 $1,999 2.83%
48% 27 $5,395,000 $199,815 $1,669 2.86%
50-60% 26 $4,770,000 $183,462 $4,471 2.78%
49% 24 $5,070,000 $211,250 $1,902 2.93%
>60% 2 $610,000 $305,000 $290 2.88%

Guardian Savings Bank A Federal Savings Bank lent most frequently to those with DTI ratios of 20-30%, with 2,739 originations. The next most common DTI ratio? <20%, with 1,745 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 6,271 $1,209,405,000 $192,857 $999 2.85%
Not provided 1,056 $202,470,000 $191,733 $915 2.84%
Asian 126 $25,300,000 $200,794 $924 2.82%
Black 339 $24,085,000 $71,047 $489 2.29%
Not applicable 28 $11,600,000 $414,286 $0 3.60%
American Indian 9 $1,575,000 $175,000 $813 2.90%
Other Asian 8 $1,540,000 $192,500 $813 2.75%
Native Hawaiian 5 $1,045,000 $209,000 $1,073 2.83%
Chinese 2 $580,000 $290,000 $255 2.50%
Asian Indian 2 $450,000 $225,000 $664 2.75%
Other Pacific Islander 2 $310,000 $155,000 $50 3.19%
Japanese 1 $125,000 $125,000 $734 2.50%
Filipino 1 $105,000 $105,000 $675 3.00%

Approval Rates

Total approvals of all applications
85.18%

Guardian Savings Bank A Federal Savings Bank has an average approval rate.

Pick Rate

Approvals leading to origination
85.35%

Guardian Savings Bank A Federal Savings Bank has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 7,850 $1,478,590,000 $188,355

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
7,850 $1,478,590,000 $188,355

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 930 $116,790,000 $125,581 $447 2.72%
40-60% 2,466 $423,730,000 $171,829 $550 2.79%
60-80% 3,262 $725,540,000 $222,422 $1,140 2.91%
80-100% 810 $193,820,000 $239,284 $2,235 2.93%
Over 100% 8 $2,540,000 $317,500 $11,664 2.53%
Under 20% 107 $7,565,000 $70,701 $276 2.88%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Guardian Savings Bank 10 Kyles Lane Fort Wright, KY 41011 Full Service B&M $83,216
Guardian Savings Bank 11333 Princeton Road Cincinnati, OH 45246 Full Service B&M $54,396
Guardian Savings Bank 14 South Fort Thomas Avenue Fort Thomas, KY 41075 Full Service B&M $80,021
Guardian Savings Bank 2541 Sir Barton Way Lexington, KY 40509 Full Service B&M $33,328
Guardian Savings Bank 501 Southland Drive Lexington, KY 40503 Full Service B&M $92,704
Guardian Savings Bank 5511 Harrison Ave Cincinnati, OH 45248 Full Service B&M $102,909
Guardian Savings Bank 560 Ohio Pike Cincinnati, OH 45255 Full Service B&M $78,216
Guardian Savings Bank 5671 Springdale Rd Cincinnati, OH 45247 Full Service B&M $94,402
Guardian Savings Bank 5901 Colerain Avenue Cincinnati, OH 45239 Full Service B&M $213,850
Guardian Savings Bank 6100 West Chester Road West Chester, OH 45069 Full Service B&M $41,298
Guardian Savings Bank 6644 Montgomery Rd Cincinnati, OH 45213 Full Service B&M $7,022
Guardian Savings Bank 7550 Mall Road Florence, KY 41042 Full Service B&M $80,272

For 2021, Guardian Savings Bank A Federal Savings Bank had 12 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $27,588
Net interest income $22,180
Total noninterest income $32,957
Gross Fiduciary activities income $0
Service charges on deposit accounts $132
Trading account gains and fees $0
Additional Noninterest Income $32,825
Pre-tax net operating income $32,213
Securities gains (or losses, -) $-26
Income before extraordinary items $32,187
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $32,187
Minority interest net income $0
Net income $32,187
Sale, conversion, retirement of capital stock, net $0
Net operating income $32,213

Guardian Savings Bank A Federal Savings Bank's gross interest income from loans was $27,588,000.
Guardian Savings Bank A Federal Savings Bank's net interest income from loans was $22,180,000.
Guardian Savings Bank A Federal Savings Bank's fee based income from loans was $132,000.
Guardian Savings Bank A Federal Savings Bank's net income from loans was $32,187,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $5,408
Provision for credit losses $0
Total noninterest expense $22,924
Salaries and employee benefits $10,398
Premises and equipment expense $2,012
Additional noninterest expense $10,514
Applicable income taxes $0
Net charge-offs $-314
Cash dividends $26,075

Guardian Savings Bank A Federal Savings Bank's interest expense for loans was $5,408,000.
Guardian Savings Bank A Federal Savings Bank's payroll and benefits expense were $10,398,000.
Guardian Savings Bank A Federal Savings Bank's property, plant and equipment expenses $2,012,000.

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 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 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 $982,923
Deposits held in domestic offices $982,923
Deposits by Individuals, partnerships, and corporations $982,923
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $0
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 $375,136
Demand deposits $375,136
Nontransaction accounts $607,787
Money market deposit accounts (MMDAs) $2,364
Other savings deposits (excluding MMDAs) $241,403
Total time deposits $364,021
Total time and savings deposits $607,787
Noninterest-bearing deposits $107,673
Interest-bearing deposits $875,250
Retail deposits $915,329
IRAs and Keogh plan accounts $52,310
Brokered deposits $0
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $1,133,661
Cash & Balances due from depository institutions $590,103
Interest-bearing balances $582,956
Total securities $0
Federal funds sold & reverse repurchase $1,345
Net loans and leases $487,601
Loan and leases loss allowance $11,140
Trading account assets $0
Bank premises and fixed assets $11,527
Other real estate owned $0
Goodwill and other intangibles $23,435
All other assets $19,650

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $1,133,661
Total Liabilities $988,674
Total deposits $982,923
Interest-bearing deposits $875,250
Deposits held in domestic offices $982,923
% insured (estimated) $81
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $5,751

Issued Loan Types

Type Value (in 000's)
Net loans and leases $487,601
Loan and leases loss allowance $11,140
Total loans and leases (domestic) $498,741
All real estate loans $498,731
Real estate loans in domestic offices $498,731
Construction and development loans $10,549
Residential 1-4 family construction $7,184
Other construction, all land development and other land $3,365
Loans secured by nonfarm nonresidential properties $20,474
Nonfarm nonresidential secured by owner-occupied properties $0
Commercial real estate & other non-farm, non-residential $20,474
Multifamily residential real estate $26,693
1-4 family residential loans $441,015
Farmland loans $0
Loans held in foreign offices $0
Farm loans $0
Commercial and industrial loans $0
To non-U.S. addressees $0
Loans to individuals $10
Credit card loans $0
Related Plans $0
Consumer Auto Loans $0
Other loans to individuals $10
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 $1,911
Non 1-4 family restructured loans & leases $430
Total loans and leases (foreign) $0

Guardian Savings Bank A Federal Savings Bank had $487,601,000 of loans outstanding in 2021. $498,731,000 of loans were in real estate loans. $10,549,000 of loans were in development loans. $26,693,000 of loans were in multifamily mortgage loans. $441,015,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $0 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 58 $11,689 $201,534
Nonfarm, nonresidential loans - <$100k 8 $348 $43,500
Nonfarm, nonresidential loans - $100-250k 27 $3,083 $114,185
Nonfarm, nonresidential loans - $250k-1MM 23 $8,258 $359,043