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

West Chester, OH

LEI: 549300ENNFGLHCMQ1U82

Tax ID: 31-0471850

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

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  • SimulatedRates™
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    • 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

    Guardian Savings Bank A Federal Savings Bank is a smaller bank specializing in Home Purchase loans. Guardian Savings Bank A Federal Savings Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Cincinnati, Lexington, Richmond, Louisville, and Frankfort among others. We have data for 27 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Guardian Savings Bank A Federal Savings Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Guardian Savings Bank A Federal Savings 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.73% 4/14/24
    30 Year Conventional Purchase 6.80% 4/14/24
    30 Year Conventional Refi 6.47% 4/14/24
    30 Year Cash-out Refi 6.69% 4/14/24
    30 Year FHA Purchase 7.12% 4/14/24
    30 Year FHA Refi 6.65% 4/14/24
    30 Year VA Purchase 6.24% 4/14/24
    30 Year VA Refi 5.88% 4/14/24
    30 Year USDA Purchase 6.68% 4/14/24
    15 Year Conventional Purchase 5.79% 4/14/24
    15 Year Conventional Refi 5.79% 4/14/24
    15 Year Cash-out Refi 5.79% 4/14/24
    15 Year FHA Purchase 5.68% 4/14/24
    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.

    Guardian Savings Bank A Federal Savings Bank Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Guardian Savings Bank A Federal Savings 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

    3,033

    Origination Dollar Volume (All Markets)

    $519,595,000

    Employee count

    164 Show all (21) 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
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 2,372 $389,140,000 $164,056 $1,356 4.10%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 468 $93,770,000 $200,363 $1,124 4.30%
    Richmond-Berea, KY (FHA|USDA|VA) 45 $9,355,000 $207,889 $1,653 4.31%
    LOUISVILLE, KY (FHA|USDA|VA) 25 $5,125,000 $205,000 $1,129 4.34%
    Frankfort, KY (FHA|USDA|VA) 25 $4,385,000 $175,400 $920 4.25%
    Outside of Metro Areas 28 $4,230,000 $151,071 $965 4.21%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 20 $3,640,000 $182,000 $1,091 4.33%
    COLUMBUS, OH (FHA|USDA|VA) 9 $2,365,000 $262,778 $3,986 4.29%
    KNOXVILLE, TN (FHA|USDA|VA) 6 $1,910,000 $318,333 $3,727 4.13%
    Danville, KY (FHA|USDA|VA) 9 $1,425,000 $158,333 $652 4.53%
    Wilmington, OH (FHA|USDA|VA) 3 $565,000 $188,333 $5,559 4.17%
    Mount Sterling, KY (FHA|USDA|VA) 4 $560,000 $140,000 $1,405 3.78%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $455,000 $455,000 $5,071 4.63%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $340,000 $170,000 $0 4.38%
    Washington Court House, OH (FHA|USDA|VA) 2 $330,000 $165,000 $7,572 4.31%
    Somerset, KY (FHA|USDA|VA) 3 $265,000 $88,333 $1,420 3.96%
    THE VILLAGES, FL (FHA|USDA|VA) 1 $245,000 $245,000 $3,585 4.25%
    AKRON, OH (FHA|USDA|VA) 1 $235,000 $235,000 $2,470 3.88%
    Maysville, KY (FHA|USDA|VA) 1 $225,000 $225,000 $1,320 4.88%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $185,000 $185,000 $2,934 4.50%
    Bellefontaine, OH (FHA|USDA|VA) 1 $165,000 $165,000 $1,217 4.63%
    Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) 1 $155,000 $155,000 $3,238 4.00%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $155,000 $155,000 $3,367 4.63%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $125,000 $125,000 $915 4.50%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $115,000 $115,000 $2,629 4.50%
    Richmond, IN (FHA|USDA|VA) 1 $65,000 $65,000 $2,983 4.75%
    PANAMA CITY, FL (FHA|USDA|VA) 1 $65,000 $65,000 $0 4.75%
    Guardian Savings Bank A Federal Savings Bank's top markets include Cincinnati, Lexington, Richmond, Louisville, and Frankfort among others.

    Their top states include:
  • Kentucky (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)

    • Similar Lenders

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

    Town Square Bank
    Similarity Rank: 90
    The Peoples Bank
    Similarity Rank: 120
    MIAMI UNIVERSITY COMMUNITY
    Similarity Rank: 120
    Greenville Federal
    Similarity Rank: 144
    CINCINNATI OHIO POLICE
    Similarity Rank: 172
    City National Bank of West Virginia
    Similarity Rank: 190
    New Carlisle Federal Savings Bank
    Similarity Rank: 224
    Firefighters & Company FCU
    Similarity Rank: 235
    Peoples Exchange Bank
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    Bank of Lexington, Inc.
    Similarity Rank: 324

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,759 $476,835,000 $172,829 $957 4.10%
    FHA 217 $31,655,000 $145,876 $5,085 4.60%
    VA 33 $6,725,000 $203,788 $4,018 4.45%
    USDA 24 $4,380,000 $182,500 $4,119 4.53%

    For 2018, Guardian Savings Bank A Federal Savings Bank's most frequently originated type of loan was Conventional, with 2,759 originations. Their 2nd most popular type was FHA, with 217 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,760 $340,190,000 $193,290 $1,781 4.38%
    Refi 565 $97,245,000 $172,115 $617 4.09%
    Cash Out Refi 468 $74,150,000 $158,440 $1,199 4.17%
    Home Improvement 210 $3,610,000 $17,190 $96 2.27%
    Other 30 $4,400,000 $146,667 $903 4.03%

    For 2018, Guardian Savings Bank A Federal Savings Bank's most frequently cited loan purpose was Home Purchase, with 1,760 originations. The 2nd most popular reason was Refi, with 565 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,161 $413,945,000 $191,553 $1,639 4.36%
    15 Year 493 $72,105,000 $146,258 $723 3.98%
    5 Year 185 $1,095,000 $5,919 $5 2.01%
    20 Year 135 $23,505,000 $174,111 $961 4.18%
    10 Year 37 $4,355,000 $117,703 $561 3.99%
    Other 20 $4,320,000 $216,000 $1,109 4.16%
    3 Year 2 $270,000 $135,000 $1,525 4.88%

    For 2018, Guardian Savings Bank A Federal Savings Bank's most frequently cited loan duration was 30 Year, with 2,161 originations. The 2nd most popular length was 15 Year, with 493 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 2,100 $331,560,000 $157,886
    $1k-2k 501 $106,415,000 $212,405
    $2k-3k 116 $23,460,000 $202,241
    $3k-4k 64 $17,640,000 $275,625
    $4k-5k 27 $8,795,000 $325,741
    $5k+ 15 $6,565,000 $437,667

    Guardian Savings Bank A Federal Savings Bank's average total fees were $1,639, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2,100 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 1,818 $331,090,000 $182,118
    3-4% 936 $173,220,000 $185,064
    <2.5% 184 $920,000 $5,000
    5-6% 70 $8,120,000 $116,000
    2.5-3% 25 $6,245,000 $249,800

    During 2018, Guardian Savings Bank A Federal Savings Bank's average interest rate for loans was 4.36%, while their most frequently originated rate bucket for loans was 4-5%, with 1,818 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 1,307 $193,045,000 $147,701 $1,400 4.30%
    $200k-400k 831 $220,005,000 $264,747 $1,649 4.26%
    $100,000 or less 763 $43,305,000 $56,756 $745 3.75%
    $400k-600k 117 $52,695,000 $450,385 $1,675 4.13%
    $600k-1MM 15 $10,545,000 $703,000 $2,424 3.95%

    2018 saw Guardian Savings Bank A Federal Savings Bank place emphasis on $100k-200k loans with 1,307 originations, totaling $193,045,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 708 $97,050,000 $137,076 $1,300 4.20%
    $100k-150k 684 $141,160,000 $206,374 $1,459 4.19%
    $50k or less 554 $45,550,000 $82,220 $1,258 3.84%
    $75k-100k 536 $91,570,000 $170,840 $1,382 4.23%
    $150k-250k 413 $108,185,000 $261,949 $1,341 4.23%
    $250k+ 102 $29,310,000 $287,353 $1,104 4.22%

    Guardian Savings Bank A Federal Savings Bank lent most frequently to those with incomes in the $50k-75k range, with 708 originations. The second most popular income band? $100k-150k, with 684 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 964 $169,320,000 $175,643 $1,167 4.17%
    30-36% 658 $122,300,000 $185,866 $1,468 4.19%
    <20% 434 $65,690,000 $151,359 $908 4.16%
    37% 96 $17,590,000 $183,229 $1,368 4.24%
    36% 94 $18,190,000 $193,511 $1,234 4.17%
    39% 94 $19,380,000 $206,170 $1,535 4.30%
    38% 87 $15,055,000 $173,046 $1,762 4.11%
    42% 84 $14,380,000 $171,190 $1,863 4.28%
    40% 84 $14,380,000 $171,190 $1,477 4.21%
    43% 76 $12,590,000 $165,658 $1,720 4.38%
    41% 73 $12,405,000 $169,932 $1,582 4.18%
    50-60% 59 $5,885,000 $99,746 $2,535 3.42%
    44% 58 $10,170,000 $175,345 $2,203 4.37%
    >60% 40 $290,000 $7,250 $13 2.06%
    45% 34 $5,910,000 $173,824 $1,727 4.29%
    46% 27 $4,165,000 $154,259 $2,211 4.15%
    47% 18 $2,680,000 $148,889 $2,021 3.85%
    48% 11 $1,695,000 $154,091 $1,356 3.82%
    49% 10 $1,350,000 $135,000 $2,742 3.99%

    Guardian Savings Bank A Federal Savings Bank lent most frequently to those with DTI ratios of 20-30%, with 964 originations. The next most common DTI ratio? 30-36%, with 658 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,479 $455,965,000 $183,931 $1,410 4.26%
    Not provided 199 $33,065,000 $166,156 $1,340 4.23%
    Asian 79 $13,085,000 $165,633 $972 4.40%
    Black 247 $11,665,000 $47,227 $721 2.79%
    Not applicable 23 $5,075,000 $220,652 $500 4.45%
    Native Hawaiian or Islander 3 $405,000 $135,000 $1,552 4.42%
    American Indian 3 $335,000 $111,667 $408 4.25%

    Approval Rates

    Total approvals of all applications
    86.14%

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

    Pick Rate

    Approvals leading to origination
    80.94%

    Guardian Savings Bank A Federal Savings Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 3,033 $519,595,000 $171,314

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $1,270,000 $635,000
    Single Family (1-4 Units):Site-Built 3,031 $518,325,000 $171,008

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 164 $18,190,000 $110,915 $533 4.06%
    40-60% 362 $56,370,000 $155,718 $691 4.16%
    60-80% 1,311 $255,885,000 $195,183 $1,085 4.25%
    80-100% 949 $181,515,000 $191,270 $2,291 4.39%
    Over 100% 7 $1,885,000 $269,286 $7,387 4.59%
    Under 20% 240 $5,750,000 $23,958 $152 2.57%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Guardian Savings Bank, A Federal Savings Bank 10 Kyles Lane Fort Wright, KY 41011 Full Service B&M $71,234
    Guardian Savings Bank, A Federal Savings Bank 11333 Princeton Road Cincinnati, OH 45246 Full Service B&M $47,752
    Guardian Savings Bank, A Federal Savings Bank 14 South Fort Thomas Avenue Fort Thomas, KY 41075 Full Service B&M $80,604
    Guardian Savings Bank, A Federal Savings Bank 2541 Sir Barton Way Lexington, KY 40509 Full Service B&M $25,908
    Guardian Savings Bank, A Federal Savings Bank 501 Southland Drive Lexington, KY 40503 Full Service B&M $76,919
    Guardian Savings Bank, A Federal Savings Bank 5511 Harrison Ave Cincinnati, OH 45248 Full Service B&M $88,899
    Guardian Savings Bank, A Federal Savings Bank 560 Ohio Pike Cincinnati, OH 45255 Full Service B&M $68,626
    Guardian Savings Bank, A Federal Savings Bank 5671 Springdale Rd Cincinnati, OH 45247 Full Service B&M $78,477
    Guardian Savings Bank, A Federal Savings Bank 5901 Colerain Avenue Cincinnati, OH 45239 Full Service B&M $185,221
    Guardian Savings Bank, A Federal Savings Bank 6100 West Chester Road West Chester, OH 45069 Full Service B&M $33,928
    Guardian Savings Bank, A Federal Savings Bank 7550 Mall Road Florence, KY 41042 Full Service B&M $58,381

    For 2018, Guardian Savings Bank A Federal Savings Bank had 11 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $33,225
    Net interest income $24,930
    Total noninterest income $9,907
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $179
    Trading account gains and fees $0
    Additional Noninterest Income $9,728
    Pre-tax net operating income $16,781
    Securities gains (or losses, -) $0
    Income before extraordinary items $16,781
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $16,781
    Minority interest net income $0
    Net income $16,781
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $16,781

    Guardian Savings Bank A Federal Savings Bank's gross interest income from loans was $33,225,000.
    Guardian Savings Bank A Federal Savings Bank's net interest income from loans was $24,930,000.
    Guardian Savings Bank A Federal Savings Bank's fee based income from loans was $179,000.
    Guardian Savings Bank A Federal Savings Bank's net income from loans was $16,781,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $8,295
    Provision for credit losses $0
    Total noninterest expense $18,056
    Salaries and employee benefits $9,726
    Premises and equipment expense $1,884
    Additional noninterest expense $6,446
    Applicable income taxes $0
    Net charge-offs $-367
    Cash dividends $9,171

    Guardian Savings Bank A Federal Savings Bank's interest expense for loans was $8,295,000.
    Guardian Savings Bank A Federal Savings Bank's payroll and benefits expense were $9,726,000.
    Guardian Savings Bank A Federal Savings Bank's property, plant and equipment expenses $1,884,000.

    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 1.0%
    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 $812,716
    Deposits held in domestic offices $812,716
    Deposits by Individuals, partnerships, and corporations $812,716
    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 $285,861
    Demand deposits $273,019
    Nontransaction accounts $526,855
    Money market deposit accounts (MMDAs) $1,922
    Other savings deposits (excluding MMDAs) $129,921
    Total time deposits $395,012
    Total time and savings deposits $539,697
    Noninterest-bearing deposits $74,938
    Interest-bearing deposits $737,778
    Retail deposits $757,720
    IRAs and Keogh plan accounts $49,014
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $933,263
    Cash & Balances due from depository institutions $108,140
    Interest-bearing balances $94,450
    Total securities $0
    Federal funds sold & reverse repurchase $1,327
    Net loans and leases $778,786
    Loan and leases loss allowance $10,126
    Trading account assets $0
    Bank premises and fixed assets $9,156
    Other real estate owned $434
    Goodwill and other intangibles $24,455
    All other assets $10,965

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $933,264
    Total Liabilities $819,136
    Total deposits $812,716
    Interest-bearing deposits $737,778
    Deposits held in domestic offices $812,716
    % insured (estimated) $87
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $6,420

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $778,786
    Loan and leases loss allowance $10,126
    Total loans and leases (domestic) $788,912
    All real estate loans $788,901
    Real estate loans in domestic offices $788,901
    Construction and development loans $17,599
    Residential 1-4 family construction $10,656
    Other construction, all land development and other land $6,943
    Loans secured by nonfarm nonresidential properties $34,207
    Nonfarm nonresidential secured by owner-occupied properties $0
    Commercial real estate & other non-farm, non-residential $34,207
    Multifamily residential real estate $43,235
    1-4 family residential loans $693,221
    Farmland loans $639
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $0
    To non-U.S. addressees $0
    Loans to individuals $11
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $0
    Other loans to individuals $11
    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 $3,960
    Non 1-4 family restructured loans & leases $602
    Total loans and leases (foreign) $0

    Guardian Savings Bank A Federal Savings Bank had $778,786,000 of loans outstanding in 2018. $788,901,000 of loans were in real estate loans. $17,599,000 of loans were in development loans. $43,235,000 of loans were in multifamily mortgage loans. $693,221,000 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 70 $15,476 $221,086
    Nonfarm, nonresidential loans - <$100k 15 $835 $55,667
    Nonfarm, nonresidential loans - $100-250k 29 $3,580 $123,448
    Nonfarm, nonresidential loans - $250k-1MM 26 $11,061 $425,423
    Farmland loans - <$1MM 1 $188 $188,000
    Farmland loans - $100-250k 1 $188 $188,000