Willamette Valley Bank Mortgage Rates, Fees & Info

Salem, OR

LEI: 549300GS6ONO04ORI292

Tax ID: 93-1277376

3.4 stars - out of 5 stars, based on 71 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Willamette Valley Bank is a small bank specializing in Home Purchase loans. Willamette Valley 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 include Boise City, Portland, Medford, Spokane, and Sandpoint among others. Willamette Valley Bank has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Willamette Valley Bank is typically a high fee lendor.


Originations

5,109

Origination Dollar Volume (All Markets)

$1,634,005,000

Employee count

231

Awards

Willamette Valley Bank FHA Loans gold Willamette Valley Bank FHA Loans gold
Show all (2) awards

Relative Rate

Willamette Valley Bank's average 30 year fixed rate mortgage of loans were 3.18%.

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

This yields a difference of 0.03%.

Relative Fees

Willamette Valley Bank's average total fees for a 30 year fixed rate mortgage are $6,303.

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
Outside of Metro Areas 1,378 $462,000,000 $335,269 $5,974 3.19%
BOISE CITY, ID (FHA|USDA|VA) 848 $269,690,000 $318,031 $6,816 3.22%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 613 $243,345,000 $396,974 $6,384 3.07%
MEDFORD, OR (FHA|USDA|VA) 370 $108,890,000 $294,297 $5,808 3.13%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 255 $72,995,000 $286,255 $5,064 3.09%
Sandpoint, ID (FHA|USDA|VA) 178 $58,760,000 $330,112 $5,681 3.15%
Outside of Metro Areas 214 $51,370,000 $240,047 $5,535 3.24%
SALEM, OR (FHA|USDA|VA) 154 $48,800,000 $316,883 $6,182 3.22%
GRANTS PASS, OR (FHA|USDA|VA) 165 $46,515,000 $281,909 $5,796 3.30%
BEND, OR (FHA|USDA|VA) 90 $33,050,000 $367,222 $6,991 3.23%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 84 $25,950,000 $308,929 $6,261 3.06%
YAKIMA, WA (FHA|USDA|VA) 105 $20,235,000 $192,714 $4,666 2.66%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 36 $14,100,000 $391,667 $7,215 3.24%
LONGVIEW, WA (FHA|USDA|VA) 32 $10,510,000 $328,438 $6,374 3.17%
ALBANY-LEBANON, OR (FHA|USDA|VA) 25 $9,845,000 $393,800 $6,923 3.39%
Coos Bay, OR (FHA|USDA|VA) 23 $7,165,000 $311,522 $6,965 3.22%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 23 $6,235,000 $271,087 $5,101 3.18%
Roseburg, OR (FHA|USDA|VA) 21 $5,505,000 $262,143 $5,983 3.17%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 14 $5,030,000 $359,286 $7,869 3.38%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 10 $4,990,000 $499,000 $6,202 2.98%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 12 $4,480,000 $373,333 $7,031 3.19%
Mountain Home, ID (FHA|USDA|VA) 19 $4,275,000 $225,000 $5,819 3.28%
Ontario, OR-ID (FHA|USDA|VA) 16 $4,230,000 $264,375 $7,588 3.30%
Prineville, OR (FHA|USDA|VA) 13 $3,895,000 $299,615 $7,385 3.14%
Kalispell, MT (FHA|USDA|VA) 8 $3,030,000 $378,750 $4,223 3.41%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 10 $2,960,000 $296,000 $5,125 2.83%
TWIN FALLS, ID (FHA|USDA|VA) 12 $2,890,000 $240,833 $5,293 2.97%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 7 $2,855,000 $407,857 $5,997 3.32%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 8 $2,750,000 $343,750 $6,309 3.20%
CORVALLIS, OR (FHA|USDA|VA) 8 $2,270,000 $283,750 $6,065 2.97%
SALT LAKE CITY, UT (FHA|USDA|VA) 5 $2,195,000 $439,000 $5,190 3.05%
Bozeman, MT (FHA|USDA|VA) 7 $2,075,000 $296,429 $6,549 3.13%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 5 $1,865,000 $373,000 $8,652 2.90%
Hermiston-Pendleton, OR (FHA|USDA|VA) 9 $1,835,000 $203,889 $6,071 3.42%
Centralia, WA (FHA|USDA|VA) 7 $1,805,000 $257,857 $5,483 2.68%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 6 $1,750,000 $291,667 $5,627 2.75%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 5 $1,675,000 $335,000 $5,819 2.95%
Klamath Falls, OR (FHA|USDA|VA) 8 $1,570,000 $196,250 $4,991 3.44%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 4 $1,530,000 $382,500 $5,505 3.63%
Moscow, ID (FHA|USDA|VA) 6 $1,500,000 $250,000 $6,322 3.44%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 5 $1,495,000 $299,000 $5,677 2.95%
Brookings, OR (FHA|USDA|VA) 3 $1,485,000 $495,000 $10,884 3.17%
OKLAHOMA CITY, OK (FHA|USDA|VA) 5 $1,475,000 $295,000 $5,427 3.23%
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 3 $1,465,000 $488,333 $8,516 2.42%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 6 $1,420,000 $236,667 $7,298 3.13%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 4 $1,410,000 $352,500 $9,133 2.91%
IDAHO FALLS, ID (FHA|USDA|VA) 4 $1,360,000 $340,000 $5,898 3.13%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 5 $1,345,000 $269,000 $6,206 3.15%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 4 $1,320,000 $330,000 $7,156 3.44%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 5 $1,315,000 $263,000 $6,553 3.38%
Pullman, WA (FHA|USDA|VA) 6 $1,280,000 $213,333 $4,848 3.35%
Astoria, OR (FHA|USDA|VA) 5 $1,245,000 $249,000 $6,035 3.15%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 3 $1,235,000 $411,667 $8,322 2.96%
TUCSON, AZ (FHA|USDA|VA) 5 $1,235,000 $247,000 $4,685 3.03%
LEWISTON, ID-WA (FHA|USDA|VA) 6 $1,230,000 $205,000 $8,910 3.19%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 4 $1,100,000 $275,000 $5,848 3.16%
Moses Lake, WA (FHA|USDA|VA) 4 $1,040,000 $260,000 $8,847 3.50%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 2 $1,030,000 $515,000 $13,809 3.06%
MISSOULA, MT (FHA|USDA|VA) 3 $995,000 $331,667 $8,182 2.96%
ANCHORAGE, AK (FHA|USDA|VA) 3 $985,000 $328,333 $6,505 3.13%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 3 $945,000 $315,000 $6,697 3.21%
COLUMBIA, SC (FHA|USDA|VA) 5 $925,000 $185,000 $4,694 3.50%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 4 $920,000 $230,000 $3,186 3.00%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 4 $920,000 $230,000 $4,389 3.38%
Winnemucca, NV (FHA|USDA|VA) 3 $905,000 $301,667 $11,666 3.33%
REDDING, CA (FHA|USDA|VA) 3 $875,000 $291,667 $8,290 2.75%
Sevierville, TN (FHA|USDA|VA) 2 $870,000 $435,000 $11,443 4.00%
Burley, ID (FHA|USDA|VA) 5 $865,000 $173,000 $4,994 3.20%
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 3 $815,000 $271,667 $3,406 3.29%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 6 $810,000 $135,000 $4,947 3.40%
Williston, ND (FHA|USDA|VA) 2 $790,000 $395,000 $7,045 3.31%
BELLINGHAM, WA (FHA|USDA|VA) 2 $750,000 $375,000 $7,443 3.13%
La Grande, OR (FHA|USDA|VA) 2 $750,000 $375,000 $3,609 3.56%
ST. GEORGE, UT (FHA|USDA|VA) 2 $730,000 $365,000 $3,104 3.50%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 4 $730,000 $182,500 $3,996 3.31%
POCATELLO, ID (FHA|USDA|VA) 3 $725,000 $241,667 $5,627 2.79%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 3 $725,000 $241,667 $5,753 2.83%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 3 $725,000 $241,667 $7,079 3.13%
GREAT FALLS, MT (FHA|USDA|VA) 2 $720,000 $360,000 $3,328 2.94%
BOWLING GREEN, KY (FHA|USDA|VA) 2 $700,000 $350,000 $3,880 2.81%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 2 $680,000 $340,000 $5,499 3.44%
RENO, NV (FHA|USDA|VA) 2 $680,000 $340,000 $3,944 3.31%
URBAN HONOLULU, HI (FHA|USDA|VA) 2 $670,000 $335,000 $6,866 3.69%
Blackfoot, ID (FHA|USDA|VA) 3 $655,000 $218,333 $9,489 3.00%
Heber, UT (FHA|USDA|VA) 2 $650,000 $325,000 $9,929 3.38%
Helena, MT (FHA|USDA|VA) 2 $640,000 $320,000 $3,289 3.38%
WINSTON-SALEM, NC (FHA|USDA|VA) 2 $630,000 $315,000 $7,279 3.19%
CHEYENNE, WY (FHA|USDA|VA) 1 $625,000 $625,000 $17,269 2.75%
LANCASTER, PA (FHA|USDA|VA) 1 $605,000 $605,000 $9,802 3.13%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 2 $600,000 $300,000 $9,268 3.25%
GREEN BAY, WI (FHA|USDA|VA) 3 $595,000 $198,333 $5,302 3.25%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 2 $570,000 $285,000 $1,920 2.69%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 3 $555,000 $185,000 $5,074 3.71%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $545,000 $545,000 $4,755 2.75%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $530,000 $265,000 $3,290 2.75%
Newport, OR (FHA|USDA|VA) 2 $530,000 $265,000 $4,449 3.38%
WALLA WALLA, WA (FHA|USDA|VA) 1 $525,000 $525,000 $3,299 3.25%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 2 $520,000 $260,000 $2,770 3.13%
Kapaa, HI (FHA|USDA|VA) 1 $515,000 $515,000 $3,380 3.13%
APPLETON, WI (FHA|USDA|VA) 3 $515,000 $171,667 $5,142 3.13%
Ellensburg, WA (FHA|USDA|VA) 1 $515,000 $515,000 $3,829 3.38%
CHICO, CA (FHA|USDA|VA) 2 $500,000 $250,000 $10,452 3.50%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 2 $490,000 $245,000 $12,748 3.00%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 3 $485,000 $161,667 $5,983 2.67%
Hilo, HI (FHA|USDA|VA) 2 $480,000 $240,000 $5,352 3.50%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $480,000 $240,000 $4,898 3.25%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $475,000 $475,000 $13,768 3.00%
HATTIESBURG, MS (FHA|USDA|VA) 1 $475,000 $475,000 $4,682 3.63%
Butte-Silver Bow, MT (FHA|USDA|VA) 3 $465,000 $155,000 $4,868 3.58%
Hailey, ID (FHA|USDA|VA) 1 $465,000 $465,000 $2,506 3.25%
BILLINGS, MT (FHA|USDA|VA) 2 $460,000 $230,000 $5,402 3.31%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 2 $440,000 $220,000 $6,517 2.88%
FORT COLLINS, CO (FHA|USDA|VA) 1 $435,000 $435,000 $3,067 3.50%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $425,000 $425,000 $13,482 3.25%
GREELEY, CO (FHA|USDA|VA) 1 $425,000 $425,000 $3,668 3.63%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $415,000 $415,000 $3,233 3.38%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $405,000 $405,000 $5,776 3.38%
WENATCHEE, WA (FHA|USDA|VA) 2 $390,000 $195,000 $7,753 1.69%
JACKSONVILLE, FL (FHA|USDA|VA) 2 $390,000 $195,000 $4,068 2.69%
Steamboat Springs, CO (FHA|USDA|VA) 1 $375,000 $375,000 $3,374 3.00%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $365,000 $365,000 $9,743 2.75%
EspaƱola, NM (FHA|USDA|VA) 1 $365,000 $365,000 $4,771 2.75%
YUBA CITY, CA (FHA|USDA|VA) 1 $355,000 $355,000 $6,682 3.13%
Elizabeth City, NC (FHA|USDA|VA) 2 $350,000 $175,000 $4,149 2.94%
KNOXVILLE, TN (FHA|USDA|VA) 2 $350,000 $175,000 $4,226 3.00%
MUSKEGON, MI (FHA|USDA|VA) 1 $325,000 $325,000 $2,666 3.38%
Sonora, CA (FHA|USDA|VA) 1 $315,000 $315,000 $4,063 3.38%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $315,000 $315,000 $3,645 3.38%
KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $315,000 $315,000 $4,204 3.50%
WILMINGTON, NC (FHA|USDA|VA) 1 $315,000 $315,000 $8,976 3.13%
KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 1 $305,000 $305,000 $4,870 3.50%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $305,000 $305,000 $13,105 3.25%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 2 $300,000 $150,000 $6,242 3.00%
Crescent City, CA (FHA|USDA|VA) 1 $295,000 $295,000 $4,717 3.50%
Rock Springs, WY (FHA|USDA|VA) 1 $285,000 $285,000 $2,754 3.38%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $285,000 $285,000 $3,605 2.75%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $275,000 $275,000 $6,604 3.25%
BLOOMINGTON, IN (FHA|USDA|VA) 1 $275,000 $275,000 $4,326 3.13%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $275,000 $275,000 $10,518 3.38%
Greenwood, SC (FHA|USDA|VA) 1 $265,000 $265,000 $9,969 3.00%
Shelton, WA (FHA|USDA|VA) 1 $265,000 $265,000 $9,039 3.63%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $255,000 $255,000 $5,478 3.50%
PUEBLO, CO (FHA|USDA|VA) 2 $250,000 $125,000 $4,626 2.25%
Alamogordo, NM (FHA|USDA|VA) 1 $235,000 $235,000 $2,337 3.25%
Riverton, WY (FHA|USDA|VA) 1 $225,000 $225,000 $3,867 3.25%
Enterprise, AL (FHA|USDA|VA) 1 $225,000 $225,000 $1,437 3.13%
WAUSAU-WESTON, WI (FHA|USDA|VA) 1 $225,000 $225,000 $3,834 3.25%
BAKERSFIELD, CA (FHA|USDA|VA) 1 $225,000 $225,000 $5,178 3.63%
FLAGSTAFF, AZ (FHA|USDA|VA) 1 $215,000 $215,000 $5,745 3.50%
JONESBORO, AR (FHA|USDA|VA) 1 $215,000 $215,000 $4,621 3.00%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $215,000 $215,000 $7,294 3.25%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $215,000 $215,000 $8,654 3.00%
Arkadelphia, AR (FHA|USDA|VA) 1 $205,000 $205,000 $3,106 3.00%
Cedar City, UT (FHA|USDA|VA) 1 $205,000 $205,000 $9,599 2.75%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $205,000 $205,000 $4,608 3.88%
Aberdeen, SD (FHA|USDA|VA) 1 $195,000 $195,000 $3,631 2.50%
Elko, NV (FHA|USDA|VA) 1 $195,000 $195,000 $4,977 3.13%
DUBUQUE, IA (FHA|USDA|VA) 1 $195,000 $195,000 $3,713 3.63%
Marshall, MO (FHA|USDA|VA) 1 $185,000 $185,000 $30 2.75%
Fallon, NV (FHA|USDA|VA) 1 $185,000 $185,000 $7,200 3.13%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $185,000 $185,000 $3,368 3.63%
Hood River, OR (FHA|USDA|VA) 1 $175,000 $175,000 $3,964 2.50%
FARMINGTON, NM (FHA|USDA|VA) 1 $175,000 $175,000 $9,837 3.88%
RACINE, WI (FHA|USDA|VA) 1 $175,000 $175,000 $7,231 2.38%
Paris, TX (FHA|USDA|VA) 1 $175,000 $175,000 $4,272 2.88%
LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 1 $165,000 $165,000 $7,871 3.88%
SIOUX FALLS, SD (FHA|USDA|VA) 1 $165,000 $165,000 $4,100 3.50%
SALINAS, CA (FHA|USDA|VA) 1 $165,000 $165,000 $3,887 2.75%
OSHKOSH-NEENAH, WI (FHA|USDA|VA) 1 $165,000 $165,000 $5,697 3.13%
Roswell, NM (FHA|USDA|VA) 1 $165,000 $165,000 $4,932 2.75%
RAPID CITY, SD (FHA|USDA|VA) 1 $155,000 $155,000 $4,083 3.13%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 1 $155,000 $155,000 $8,479 3.13%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $145,000 $145,000 $7,674 2.75%
Russellville, AR (FHA|USDA|VA) 1 $145,000 $145,000 $4,831 2.75%
JACKSONVILLE, NC (FHA|USDA|VA) 1 $145,000 $145,000 $5,570 2.75%
Somerset, KY (FHA|USDA|VA) 1 $145,000 $145,000 $3,071 3.25%
DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $135,000 $135,000 $5,666 3.25%
MERCED, CA (FHA|USDA|VA) 1 $135,000 $135,000 $5,115 3.00%
WICHITA FALLS, TX (FHA|USDA|VA) 1 $135,000 $135,000 $4,787 2.88%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $135,000 $135,000 $3,105 3.13%
ALBANY, GA (FHA|USDA|VA) 1 $125,000 $125,000 $2,501 2.75%
TALLAHASSEE, FL (FHA|USDA|VA) 1 $125,000 $125,000 $3,778 3.00%
Austin, MN (FHA|USDA|VA) 1 $125,000 $125,000 $4,587 3.63%
MONROE, LA (FHA|USDA|VA) 1 $125,000 $125,000 $5,574 2.88%
Berlin, NH (FHA|USDA|VA) 1 $115,000 $115,000 $3,247 3.50%
New Castle, PA (FHA|USDA|VA) 1 $115,000 $115,000 $7,391 3.25%
St. Marys, GA (FHA|USDA|VA) 1 $105,000 $105,000 $2,808 2.50%
Paducah, KY-IL (FHA|USDA|VA) 1 $105,000 $105,000 $4,646 2.75%
Madisonville, KY (FHA|USDA|VA) 1 $105,000 $105,000 $5,821 3.25%
CEDAR RAPIDS, IA (FHA|USDA|VA) 1 $95,000 $95,000 $3,567 4.38%
Othello, WA (FHA|USDA|VA) 1 $95,000 $95,000 $3,862 4.50%
ANNISTON-OXFORD, AL (FHA|USDA|VA) 1 $85,000 $85,000 $4,885 3.00%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $75,000 $75,000 $3,094 3.25%

Willamette Valley Bank's top markets include Boise City, Portland, Medford, Spokane, and Sandpoint among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 4,051 $1,283,075,000 $316,730 $5,218 3.23%
FHA 574 $172,120,000 $299,861 $10,452 3.04%
VA 445 $167,645,000 $376,730 $8,399 2.77%
USDA 39 $11,165,000 $286,282 $7,071 2.90%

For the 2021 period, Willamette Valley Bank's most frequently originated loan type of loans were Conventional, with 4,051 originations. Their 2nd most popular type is FHA, with 574 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 2,515 $892,415,000 $354,837 $6,295 3.16%
Refi 1,166 $313,960,000 $269,262 $5,033 3.03%
Cash Out Refi 879 $266,225,000 $302,873 $6,706 3.29%
Home Improvement 549 $161,405,000 $293,998 $6,546 3.25%

For the 2021, Willamette Valley Bank's most frequently cited loan purpose of loans were Home Purchase, with 2,515 originations. The 2nd most popular reason of loans were Refi, with 1,166 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 4,727 $1,526,975,000 $323,033 $6,303 3.18%
15 Year 169 $41,335,000 $244,586 $4,384 2.70%
Other 77 $36,075,000 $468,506 $1,919 1.93%
20 Year 73 $16,705,000 $228,836 $4,429 3.14%
10 Year 61 $12,355,000 $202,541 $557 4.67%
3 Year 1 $305,000 $305,000 $0 4.25%
5 Year 1 $255,000 $255,000 $0 4.50%

For the 2021, Willamette Valley Bank's most frequently cited loan length of loans were 30 Year, with 4,727 originations. The 2nd most popular length of loans were 15 Year, with 169 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 2,145 $656,315,000 $305,974
$3k-4k 1,127 $357,755,000 $317,440
$2k-3k 886 $252,330,000 $284,797
$5k+ 764 $303,760,000 $397,592
$<1k 158 $24,410,000 $154,494

$6,303 of loans were Willamette Valley Bank's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 2,145 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 2,950 $960,250,000 $325,508
2.5-3% 1,618 $510,460,000 $315,488
<2.5% 355 $91,565,000 $257,930
4-5% 185 $69,355,000 $374,892
5-6% 1 $2,375,000 $2,375,000

During 2021, Willamette Valley Bank's average interest rate of loans were 3.18%, while their most frequently originated rate bucket of loans were 3-4%, with 2,950 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 2,963 $877,035,000 $295,996 $6,288 3.19%
$400k-600k 1,072 $508,200,000 $474,067 $6,888 3.19%
$100k-200k 792 $125,660,000 $158,662 $4,293 3.11%
$100,000 or less 151 $5,895,000 $39,040 $1,552 2.66%
$600k-1MM 110 $75,650,000 $687,727 $11,694 3.18%
$1MM+ 21 $41,565,000 $1,979,286 $21,991 3.95%

2021 saw Willamette Valley Bank place emphasis on $200k-400k loans with 2,963 originations, totaling $877,035,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 1,432 $391,800,000 $273,603 $6,078 3.14%
$75k-100k 1,021 $324,065,000 $317,400 $6,275 3.17%
$100k-150k 1,017 $375,825,000 $369,543 $6,397 3.21%
$50k or less 723 $148,025,000 $204,737 $5,318 3.07%
$150k-250k 546 $225,540,000 $413,077 $6,502 3.23%
$250k+ 190 $80,070,000 $421,421 $6,685 3.30%

Willamette Valley Bank lent most frequently to those with incomes in the $50k-75k range, with 1,432 originations. The second most popular income band? $75k-100k, with 1,021 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
30-36% 846 $270,060,000 $319,220 $5,768 3.19%
20-30% 776 $242,350,000 $312,307 $5,289 3.15%
44% 337 $106,035,000 $314,644 $6,458 3.29%
49% 258 $80,730,000 $312,907 $6,476 3.15%
50-60% 240 $85,290,000 $355,375 $10,244 2.97%
42% 232 $74,280,000 $320,172 $6,196 3.25%
41% 231 $73,055,000 $316,255 $5,741 3.22%
43% 225 $68,505,000 $304,467 $5,953 3.20%
<20% 223 $62,535,000 $280,426 $4,578 3.04%
40% 205 $63,805,000 $311,244 $6,067 3.21%
39% 204 $63,400,000 $310,784 $5,874 3.13%
38% 195 $59,665,000 $305,974 $6,084 3.20%
45% 181 $56,095,000 $309,917 $6,470 3.22%
37% 178 $59,350,000 $333,427 $6,034 3.21%
36% 170 $54,270,000 $319,235 $6,083 3.21%
48% 159 $47,945,000 $301,541 $6,514 3.12%
46% 159 $48,215,000 $303,239 $6,907 3.09%
47% 152 $44,290,000 $291,382 $6,456 3.15%
>60% 7 $4,625,000 $660,714 $16,298 2.86%

Willamette Valley Bank lent most frequently to those with DTI ratios of 30-36%, with 846 originations. The next most common DTI ratio? 20-30%, with 776 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 3,334 $1,016,990,000 $305,036 $6,052 3.14%
Not provided 1,588 $526,640,000 $331,637 $6,123 3.20%
Not applicable 23 $36,565,000 $1,589,783 $0 4.41%
Asian 66 $23,330,000 $353,485 $6,861 3.23%
Black 39 $13,495,000 $346,026 $7,442 3.05%
American Indian 39 $10,905,000 $279,615 $6,459 3.09%
Native Hawaiian 19 $5,915,000 $311,316 $7,423 3.17%
Japanese 1 $165,000 $165,000 $5,246 2.75%

Approval Rates

Total approvals of all applications
93.30%

Willamette Valley Bank has an average approval rate.

Pick Rate

Approvals leading to origination
79.09%

Willamette Valley Bank has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 5,109 $1,634,005,000 $319,829

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
5,109 $1,634,005,000 $319,829

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 301 $59,575,000 $197,924 $4,234 3.04%
40-60% 881 $242,865,000 $275,670 $4,885 3.10%
60-80% 1,954 $660,840,000 $338,199 $6,124 3.28%
80-100% 1,773 $629,885,000 $355,265 $6,949 3.15%
Over 100% 78 $34,110,000 $437,308 $15,035 2.88%
Under 20% 122 $6,730,000 $55,164 $1,098 2.51%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
03willamette Valley Bank 101 High Street, N.E. Salem, OR 97301 Full Service B&M $161,243
03willamette Valley Bank 1970 14th Avenue, Se Albany, OR 97321 Full Service B&M $24,470
03willamette Valley Bank 5140 River Road Ne Keizer, OR 97303 Full Service B&M $70,539
03willamette Valley Bank 701a Mcclaine Street Silverton, OR 97381 Full Service B&M $41,160

For 2021, Willamette Valley Bank had 4 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $14,009
Net interest income $12,913
Total noninterest income $77,479
Gross Fiduciary activities income $0
Service charges on deposit accounts $48
Trading account gains and fees $0
Additional Noninterest Income $77,431
Pre-tax net operating income $30,027
Securities gains (or losses, -) $0
Income before extraordinary items $22,738
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $22,738
Minority interest net income $0
Net income $22,738
Sale, conversion, retirement of capital stock, net $2,294
Net operating income $22,738

Willamette Valley Bank's gross interest income from loans was $14,009,000.
Willamette Valley Bank's net interest income from loans was $12,913,000.
Willamette Valley Bank's fee based income from loans was $48,000.
Willamette Valley Bank's net income from loans was $22,738,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $1,096
Provision for credit losses $113
Total noninterest expense $60,252
Salaries and employee benefits $48,694
Premises and equipment expense $3,871
Additional noninterest expense $7,687
Applicable income taxes $7,289
Net charge-offs $-10
Cash dividends $12,176

Willamette Valley Bank's interest expense for loans was $1,096,000.
Willamette Valley Bank's payroll and benefits expense were $48,694,000.
Willamette Valley Bank's property, plant and equipment expenses $3,871,000.

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 4.0%
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 $323,487
Deposits held in domestic offices $323,487
Deposits by Individuals, partnerships, and corporations $313,309
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $7,699
Deposits by Commercial banks and other depository institutions in U.S. $2,479
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $126,017
Demand deposits $34,986
Nontransaction accounts $197,470
Money market deposit accounts (MMDAs) $121,238
Other savings deposits (excluding MMDAs) $15,512
Total time deposits $60,720
Total time and savings deposits $288,501
Noninterest-bearing deposits $34,986
Interest-bearing deposits $288,500
Retail deposits $296,850
IRAs and Keogh plan accounts $2,336
Brokered deposits $18,990
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $407,850
Cash & Balances due from depository institutions $65,097
Interest-bearing balances $47,345
Total securities $13,758
Federal funds sold & reverse repurchase $7,014
Net loans and leases $304,976
Loan and leases loss allowance $2,605
Trading account assets $0
Bank premises and fixed assets $3,578
Other real estate owned $0
Goodwill and other intangibles $0
All other assets $13,427

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $407,850
Total Liabilities $332,734
Total deposits $323,487
Interest-bearing deposits $288,500
Deposits held in domestic offices $323,487
% insured (estimated) $67
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $9,247

Issued Loan Types

Type Value (in 000's)
Net loans and leases $304,976
Loan and leases loss allowance $2,605
Total loans and leases (domestic) $307,581
All real estate loans $294,236
Real estate loans in domestic offices $294,236
Construction and development loans $45,648
Residential 1-4 family construction $5,377
Other construction, all land development and other land $40,271
Loans secured by nonfarm nonresidential properties $125,843
Nonfarm nonresidential secured by owner-occupied properties $36,156
Commercial real estate & other non-farm, non-residential $89,687
Multifamily residential real estate $38,004
1-4 family residential loans $81,083
Farmland loans $3,658
Loans held in foreign offices $0
Farm loans $920
Commercial and industrial loans $13,091
To non-U.S. addressees $0
Loans to individuals $80
Credit card loans $0
Related Plans $0
Consumer Auto Loans $0
Other loans to individuals $80
All other loans & leases $10
Loans to foreign governments and official institutions $0
Other loans $10
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 $0
Non 1-4 family restructured loans & leases $0
Total loans and leases (foreign) $0

Willamette Valley Bank had $304,976,000 of loans outstanding in 2021. $294,236,000 of loans were in real estate loans. $45,648,000 of loans were in development loans. $38,004,000 of loans were in multifamily mortgage loans. $81,083,000 of loans were in 1-4 family mortgage loans. $920,000 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 90 $36,539 $405,989
Nonfarm, nonresidential loans - <$100k 2 $38 $19,000
Nonfarm, nonresidential loans - $100-250k 26 $4,623 $177,808
Nonfarm, nonresidential loans - $250k-1MM 62 $31,878 $514,161
Commercial & Industrial, US addressed loans - <$1MM 121 $11,960 $98,843
Commercial & Industrial, US addressed loans - <$100k 76 $2,453 $32,276
Commercial & Industrial, US addressed loans - $100-250k 22 $2,928 $133,091
Commercial & Industrial, US addressed loans - $250k-1MM 23 $6,579 $286,043
Farmland loans - <$1MM 13 $3,657 $281,308
Farmland loans - <$100k 2 $103 $51,500
Farmland loans - $100-250k 5 $969 $193,800
Farmland loans - $250k-1MM 6 $2,585 $430,833
Agriculture operations loans - <$1MM 4 $171 $42,750
Agriculture operations loans - $100-250k 4 $171 $42,750