Willamette Valley Bank Mortgage Rates, Fees & Info

Salem, OR

LEI: 549300GS6ONO04ORI292

Tax ID: 93-1277376

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Mortgage Data

Bank Data

Review & Overview

Willamette Valley Bank is a smaller 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 by origination volume include: Boise City, Portland, Medford, Spokane, and Salem among others. We have data for 131 markets. (Some data included below & more in-depth data is available with an active subscription.)

Willamette 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. Willamette Valley Bank is typically an average 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.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.80% 3/28/24
30 Year Conventional Refi 6.67% 3/28/24
30 Year Cash-out Refi 6.91% 3/28/24
30 Year FHA Purchase 7.47% 3/28/24
30 Year FHA Refi 6.90% 3/28/24
30 Year VA Purchase 6.29% 3/28/24
30 Year VA Refi 6.50% 3/28/24
30 Year USDA Purchase 6.63% 3/28/24
15 Year Conventional Purchase 7.36% 3/28/24
15 Year Conventional Refi 6.26% 3/28/24
15 Year Cash-out Refi 6.26% 3/28/24
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.

Willamette Valley Bank Mortgage Calculator






Your Estimates

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

This is not an official calculator from Willamette 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

3,738

Origination Dollar Volume (All Markets)

$981,150,000

Employee count

189

Awards

Willamette Valley Bank VA Loans bronze Willamette Valley Bank VA Loans gold Willamette Valley Bank 30 Year Conventional Loans bronze Willamette Valley Bank FHA Loans gold
Show all (4) 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
Outside of Metro Areas 1,043 $273,215,000 $261,951 $5,459 4.29%
BOISE CITY, ID (FHA|USDA|VA) 710 $167,850,000 $236,408 $6,202 4.41%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 474 $157,540,000 $332,363 $6,364 4.25%
MEDFORD, OR (FHA|USDA|VA) 275 $71,015,000 $258,236 $5,310 4.33%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 208 $49,140,000 $236,250 $5,130 4.39%
SALEM, OR (FHA|USDA|VA) 127 $35,585,000 $280,197 $6,358 4.31%
Sandpoint, ID (FHA|USDA|VA) 120 $30,890,000 $257,417 $5,117 4.30%
Outside of Metro Areas 153 $30,595,000 $199,967 $5,152 4.35%
GRANTS PASS, OR (FHA|USDA|VA) 114 $28,990,000 $254,298 $5,092 4.53%
BEND, OR (FHA|USDA|VA) 81 $25,855,000 $319,198 $6,012 4.59%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 42 $10,480,000 $249,524 $5,317 4.41%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 26 $10,050,000 $386,538 $6,515 4.21%
YAKIMA, WA (FHA|USDA|VA) 39 $7,315,000 $187,564 $5,353 4.45%
LONGVIEW, WA (FHA|USDA|VA) 27 $6,505,000 $240,926 $4,828 4.24%
ALBANY-LEBANON, OR (FHA|USDA|VA) 19 $4,495,000 $236,579 $5,722 4.61%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 9 $3,515,000 $390,556 $5,941 4.54%
Ontario, OR-ID (FHA|USDA|VA) 17 $3,475,000 $204,412 $6,815 4.34%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 10 $3,430,000 $343,000 $7,406 4.09%
Newport, OR (FHA|USDA|VA) 9 $2,605,000 $289,444 $6,060 4.64%
MISSOULA, MT (FHA|USDA|VA) 10 $2,560,000 $256,000 $5,617 4.51%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 8 $2,460,000 $307,500 $6,730 4.44%
Moscow, ID (FHA|USDA|VA) 9 $2,215,000 $246,111 $3,699 4.19%
Prineville, OR (FHA|USDA|VA) 7 $2,205,000 $315,000 $4,130 4.79%
Mountain Home, ID (FHA|USDA|VA) 11 $2,105,000 $191,364 $5,913 4.45%
Klamath Falls, OR (FHA|USDA|VA) 10 $2,010,000 $201,000 $4,486 4.69%
CORVALLIS, OR (FHA|USDA|VA) 7 $2,005,000 $286,429 $4,802 4.11%
Oak Harbor, WA (FHA|USDA|VA) 4 $1,650,000 $412,500 $3,650 4.28%
Kalispell, MT (FHA|USDA|VA) 4 $1,440,000 $360,000 $7,787 4.63%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 4 $1,390,000 $347,500 $3,877 4.31%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 4 $1,270,000 $317,500 $8,903 4.56%
Roseburg, OR (FHA|USDA|VA) 5 $1,115,000 $223,000 $5,497 3.98%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 6 $1,060,000 $176,667 $3,846 4.52%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 3 $1,025,000 $341,667 $4,373 4.29%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 4 $930,000 $232,500 $6,385 4.66%
Coos Bay, OR (FHA|USDA|VA) 5 $925,000 $185,000 $6,599 4.03%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 3 $915,000 $305,000 $5,018 4.42%
LEWISTON, ID-WA (FHA|USDA|VA) 5 $855,000 $171,000 $4,451 4.43%
Bozeman, MT (FHA|USDA|VA) 2 $850,000 $425,000 $3,926 4.13%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 2 $810,000 $405,000 $5,033 4.69%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 3 $795,000 $265,000 $6,961 4.83%
TWIN FALLS, ID (FHA|USDA|VA) 4 $790,000 $197,500 $6,240 4.56%
GREEN BAY, WI (FHA|USDA|VA) 5 $745,000 $149,000 $4,941 4.58%
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 2 $730,000 $365,000 $7,026 3.63%
BELLINGHAM, WA (FHA|USDA|VA) 2 $720,000 $360,000 $10,104 3.75%
PUEBLO, CO (FHA|USDA|VA) 2 $720,000 $360,000 $3,103 4.25%
MADISON, WI (FHA|USDA|VA) 3 $675,000 $225,000 $4,750 5.33%
Hailey, ID (FHA|USDA|VA) 2 $670,000 $335,000 $9,025 3.94%
IDAHO FALLS, ID (FHA|USDA|VA) 3 $665,000 $221,667 $4,514 4.46%
Port Angeles, WA (FHA|USDA|VA) 2 $650,000 $325,000 $10,682 4.31%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 2 $650,000 $325,000 $5,012 4.94%
Steamboat Springs, CO (FHA|USDA|VA) 1 $635,000 $635,000 $14,786 4.25%
Hermiston-Pendleton, OR (FHA|USDA|VA) 3 $615,000 $205,000 $7,198 4.63%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $585,000 $585,000 $8,672 4.38%
The Dalles, OR (FHA|USDA|VA) 3 $555,000 $185,000 $4,768 4.08%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 2 $510,000 $255,000 $6,663 5.00%
URBAN HONOLULU, HI (FHA|USDA|VA) 1 $495,000 $495,000 $200 4.50%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $475,000 $475,000 $3,246 4.25%
Brookings, OR (FHA|USDA|VA) 2 $450,000 $225,000 $3,909 4.38%
Hood River, OR (FHA|USDA|VA) 1 $425,000 $425,000 $10,935 4.00%
Red Bluff, CA (FHA|USDA|VA) 1 $405,000 $405,000 $3,766 4.63%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1 $405,000 $405,000 $10,322 4.50%
WENATCHEE, WA (FHA|USDA|VA) 1 $395,000 $395,000 $4,870 3.88%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 2 $390,000 $195,000 $4,437 4.63%
TUCSON, AZ (FHA|USDA|VA) 2 $380,000 $190,000 $4,992 4.38%
RENO, NV (FHA|USDA|VA) 1 $375,000 $375,000 $3,175 5.38%
Pullman, WA (FHA|USDA|VA) 2 $360,000 $180,000 $4,812 4.56%
APPLETON, WI (FHA|USDA|VA) 2 $360,000 $180,000 $3,496 4.13%
CARSON CITY, NV (FHA|USDA|VA) 1 $355,000 $355,000 $5,751 4.13%
Eureka-Arcata, CA (FHA|USDA|VA) 1 $345,000 $345,000 $4,442 4.50%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $335,000 $335,000 $3,174 4.00%
Williston, ND (FHA|USDA|VA) 1 $335,000 $335,000 $6,448 4.13%
LOGAN, UT-ID (FHA|USDA|VA) 1 $325,000 $325,000 $7,138 4.50%
Hilo, HI (FHA|USDA|VA) 1 $325,000 $325,000 $4,177 4.88%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 1 $315,000 $315,000 $3,814 3.88%
DOTHAN, AL (FHA|USDA|VA) 1 $315,000 $315,000 $5,115 5.25%
LOUISVILLE, KY (FHA|USDA|VA) 1 $315,000 $315,000 $10,223 4.25%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $305,000 $305,000 $12,032 4.88%
SALT LAKE CITY, UT (FHA|USDA|VA) 1 $305,000 $305,000 $9,956 4.50%
Altus, OK (FHA|USDA|VA) 1 $295,000 $295,000 $4,968 4.13%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 1 $295,000 $295,000 $5,020 5.50%
WICHITA, KS (FHA|USDA|VA) 1 $275,000 $275,000 $3,437 4.13%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $265,000 $265,000 $9,068 4.38%
BAKERSFIELD, CA (FHA|USDA|VA) 1 $265,000 $265,000 $11,594 4.63%
HANFORD-CORCORAN, CA (FHA|USDA|VA) 1 $265,000 $265,000 $8,558 4.13%
DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $265,000 $265,000 $10,360 4.88%
STOCKTON, CA (FHA|USDA|VA) 1 $255,000 $255,000 $5,578 4.75%
POCATELLO, ID (FHA|USDA|VA) 2 $250,000 $125,000 $5,372 3.88%
ALBANY, GA (FHA|USDA|VA) 1 $245,000 $245,000 $5,177 4.13%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $245,000 $245,000 $4,017 4.00%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $235,000 $235,000 $3,758 4.25%
HUNTSVILLE, AL (FHA|USDA|VA) 1 $235,000 $235,000 $9,322 5.25%
RICHMOND, VA (FHA|USDA|VA) 1 $225,000 $225,000 $4,773 4.25%
YUMA, AZ (FHA|USDA|VA) 1 $225,000 $225,000 $3,620 4.13%
KANKAKEE, IL (FHA|USDA|VA) 1 $225,000 $225,000 $3,050 4.25%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $215,000 $215,000 $4,403 4.63%
Susanville, CA (FHA|USDA|VA) 1 $215,000 $215,000 $5,815 4.63%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $215,000 $215,000 $4,613 4.88%
St. Marys, GA (FHA|USDA|VA) 1 $215,000 $215,000 $7,024 3.88%
Helena, MT (FHA|USDA|VA) 1 $205,000 $205,000 $2,355 3.75%
Elko, NV (FHA|USDA|VA) 1 $205,000 $205,000 $2,840 4.88%
Shelton, WA (FHA|USDA|VA) 1 $195,000 $195,000 $6,468 3.50%
KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 1 $195,000 $195,000 $3,122 4.25%
Astoria, OR (FHA|USDA|VA) 1 $195,000 $195,000 $5,127 4.00%
FORT SMITH, AR-OK (FHA|USDA|VA) 1 $195,000 $195,000 $3,840 4.88%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $185,000 $185,000 $8,146 5.00%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $185,000 $185,000 $3,475 4.25%
CHICO, CA (FHA|USDA|VA) 1 $175,000 $175,000 $3,101 3.88%
TUSCALOOSA, AL (FHA|USDA|VA) 1 $175,000 $175,000 $5,206 3.88%
Centralia, WA (FHA|USDA|VA) 1 $175,000 $175,000 $8,739 4.75%
Fallon, NV (FHA|USDA|VA) 1 $175,000 $175,000 $7,659 5.00%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $165,000 $165,000 $8,439 4.63%
WACO, TX (FHA|USDA|VA) 1 $165,000 $165,000 $4,725 4.50%
Rexburg, ID (FHA|USDA|VA) 1 $165,000 $165,000 $5,245 4.38%
Huntington, IN (FHA|USDA|VA) 1 $155,000 $155,000 $4,184 4.25%
Vernal, UT (FHA|USDA|VA) 1 $145,000 $145,000 $2,516 4.13%
KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $145,000 $145,000 $2,720 5.13%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $135,000 $135,000 $5,760 3.88%
Hastings, NE (FHA|USDA|VA) 1 $135,000 $135,000 $5,019 3.75%
Burley, ID (FHA|USDA|VA) 1 $125,000 $125,000 $5,339 4.38%
Cornelia, GA (FHA|USDA|VA) 1 $115,000 $115,000 $7,610 5.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $115,000 $115,000 $3,728 5.63%
BILLINGS, MT (FHA|USDA|VA) 1 $105,000 $105,000 $4,717 3.50%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $95,000 $95,000 $3,658 4.00%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $95,000 $95,000 $5,064 3.88%
Butte-Silver Bow, MT (FHA|USDA|VA) 1 $95,000 $95,000 $2,722 4.38%
Blackfoot, ID (FHA|USDA|VA) 1 $85,000 $85,000 $2,173 4.75%
Troy, AL (FHA|USDA|VA) 1 $85,000 $85,000 $4,772 3.75%
Murray, KY (FHA|USDA|VA) 1 $75,000 $75,000 $4,891 4.50%
Elizabeth City, NC (FHA|USDA|VA) 1 $75,000 $75,000 $4,403 4.75%
KNOXVILLE, TN (FHA|USDA|VA) 1 $75,000 $75,000 $2,836 5.25%
JACKSON, TN (FHA|USDA|VA) 1 $75,000 $75,000 $5,204 5.00%
Willamette Valley Bank's top markets include Boise City, Portland, Medford, Spokane, and Salem among others.

Their top states include:
  • Idaho (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Montana (FHA|USDA|VA)
  • Similar Lenders

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    Christian Community Credit Union
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,591 $678,155,000 $261,735 $4,677 4.38%
    FHA 729 $177,765,000 $243,848 $9,039 4.30%
    VA 382 $116,570,000 $305,157 $6,174 4.19%
    USDA 36 $8,660,000 $240,556 $6,807 4.32%

    For 2019, Willamette Valley Bank's most frequently originated type of loan was Conventional, with 2,591 originations. Their 2nd most popular type was FHA, with 729 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 2,530 $658,080,000 $260,111 $5,677 4.39%
    Refi 570 $162,550,000 $285,175 $5,255 4.05%
    Cash Out Refi 444 $109,280,000 $246,126 $6,206 4.44%
    Home Improvement 194 $51,240,000 $264,124 $6,274 4.38%

    For 2019, Willamette Valley Bank's most frequently cited loan purpose was Home Purchase, with 2,530 originations. The 2nd most popular reason was Refi, with 570 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 3,496 $940,080,000 $268,902 $5,893 4.34%
    10 Year 107 $4,925,000 $46,028 $352 5.00%
    15 Year 71 $16,475,000 $232,042 $4,615 3.70%
    20 Year 45 $10,195,000 $226,556 $4,396 4.17%
    Other 15 $7,045,000 $469,667 $5,550 4.63%
    5 Year 4 $2,430,000 $607,500 $0 5.14%

    For 2019, Willamette Valley Bank's most frequently cited loan duration was 30 Year, with 3,496 originations. The 2nd most popular length was 10 Year, with 107 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,653 $435,385,000 $263,391
    $2k-3k 674 $170,610,000 $253,131
    $3k-4k 493 $129,595,000 $262,870
    $4k-5k 375 $101,545,000 $270,787
    $5k+ 322 $103,310,000 $320,839
    $<1k 202 $30,620,000 $151,584

    Willamette Valley Bank's average total fees were $5,893, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,653 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 2,134 $546,950,000 $256,303
    3-4% 1,270 $347,770,000 $273,835
    5-6% 327 $82,485,000 $252,248
    6-7% 4 $3,290,000 $822,500
    2.5-3% 3 $655,000 $218,333

    During 2019, Willamette Valley Bank's average interest rate for loans was 4.34%, while their most frequently originated rate bucket for loans was 4-5%, with 2,134 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 2,349 $651,485,000 $277,346 $6,166 4.31%
    $100k-200k 816 $132,150,000 $161,949 $4,874 4.40%
    $400k-600k 381 $173,915,000 $456,470 $6,387 4.26%
    $100,000 or less 170 $6,430,000 $37,824 $1,596 4.74%
    $600k-1MM 20 $13,460,000 $673,000 $8,285 4.54%
    $1MM+ 2 $3,710,000 $1,855,000 $0 5.38%

    2019 saw Willamette Valley Bank place emphasis on $200k-400k loans with 2,349 originations, totaling $651,485,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 1,077 $262,145,000 $243,403 $6,228 4.30%
    $75k-100k 735 $205,045,000 $278,973 $5,960 4.34%
    $100k-150k 692 $218,250,000 $315,390 $5,915 4.35%
    $50k or less 634 $114,250,000 $180,205 $5,345 4.34%
    $150k-250k 314 $109,390,000 $348,376 $5,463 4.41%
    $250k+ 84 $32,930,000 $392,024 $5,606 4.40%

    Willamette Valley Bank lent most frequently to those with incomes in the $50k-75k range, with 1,077 originations. The second most popular income band? $75k-100k, with 735 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 586 $159,260,000 $271,775 $5,362 4.32%
    20-30% 510 $131,610,000 $258,059 $5,090 4.26%
    50-60% 308 $82,060,000 $266,429 $8,582 4.28%
    44% 197 $51,995,000 $263,934 $5,605 4.38%
    49% 164 $45,160,000 $275,366 $5,895 4.36%
    40% 155 $42,715,000 $275,581 $6,233 4.37%
    43% 153 $38,565,000 $252,059 $5,863 4.39%
    41% 149 $40,405,000 $271,174 $5,320 4.33%
    47% 142 $38,320,000 $269,859 $6,190 4.45%
    42% 140 $38,300,000 $273,571 $5,951 4.39%
    <20% 138 $35,520,000 $257,391 $4,637 4.25%
    39% 137 $36,105,000 $263,540 $5,766 4.36%
    45% 137 $34,175,000 $249,453 $5,781 4.42%
    46% 137 $37,225,000 $271,715 $6,728 4.38%
    48% 124 $33,500,000 $270,161 $6,519 4.38%
    38% 122 $32,750,000 $268,443 $5,616 4.23%
    37% 119 $32,925,000 $276,681 $5,203 4.31%
    36% 86 $23,030,000 $267,791 $5,132 4.23%
    >60% 58 $16,810,000 $289,828 $6,122 4.60%

    Willamette Valley Bank lent most frequently to those with DTI ratios of 30-36%, with 586 originations. The next most common DTI ratio? 20-30%, with 510 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,979 $766,355,000 $257,252 $5,660 4.35%
    Not provided 617 $172,115,000 $278,955 $5,893 4.30%
    Asian 55 $16,475,000 $299,545 $5,727 4.42%
    Not applicable 14 $8,490,000 $606,429 $0 5.37%
    Black 31 $7,235,000 $233,387 $6,182 4.44%
    American Indian 29 $7,095,000 $244,655 $6,034 4.34%
    Native Hawaiian or Islander 8 $2,250,000 $281,250 $5,922 4.47%
    Japanese 3 $715,000 $238,333 $3,532 4.38%
    Native Hawaiian 1 $215,000 $215,000 $7,854 3.63%
    Korean 1 $205,000 $205,000 $0 4.71%

    Approval Rates

    Total approvals of all applications
    94.29%

    Willamette Valley Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    76.38%

    Willamette Valley Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 3,738 $981,150,000 $262,480

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 7 $5,145,000 $735,000
    Single Family (1-4 Units):Manufactured 164 $35,410,000 $215,915
    Single Family (1-4 Units):Site-Built 3,567 $940,595,000 $263,694

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 101 $16,065,000 $159,059 $3,746 4.19%
    40-60% 285 $64,035,000 $224,684 $4,399 4.16%
    60-80% 1,005 $278,325,000 $276,940 $5,072 4.39%
    80-100% 2,179 $601,445,000 $276,019 $6,359 4.33%
    Over 100% 65 $20,015,000 $307,923 $10,467 4.30%
    Under 20% 10 $790,000 $79,000 $2,998 4.38%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Willamette Valley Bank 101 High Street, N.E. Salem, OR 97301 Full Service B&M $106,371
    Willamette Valley Bank 1970 14th Avenue, Se Albany, OR 97321 Full Service B&M $19,500
    Willamette Valley Bank 5140 River Road Ne Keizer, OR 97303 Full Service B&M $57,148
    Willamette Valley Bank 701a Mcclaine Street Silverton, OR 97381 Full Service B&M $32,992

    For 2019, Willamette Valley Bank had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $12,168
    Net interest income $9,831
    Total noninterest income $45,802
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $60
    Trading account gains and fees $0
    Additional Noninterest Income $45,742
    Pre-tax net operating income $16,278
    Securities gains (or losses, -) $0
    Income before extraordinary items $12,055
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $12,055
    Minority interest net income $0
    Net income $12,055
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $12,055

    Willamette Valley Bank's gross interest income from loans was $12,168,000.
    Willamette Valley Bank's net interest income from loans was $9,831,000.
    Willamette Valley Bank's fee based income from loans was $60,000.
    Willamette Valley Bank's net income from loans was $12,055,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,337
    Provision for credit losses $328
    Total noninterest expense $39,027
    Salaries and employee benefits $29,665
    Premises and equipment expense $2,847
    Additional noninterest expense $6,515
    Applicable income taxes $4,223
    Net charge-offs $-10
    Cash dividends $3,441

    Willamette Valley Bank's interest expense for loans was $2,337,000.
    Willamette Valley Bank's payroll and benefits expense were $29,665,000.
    Willamette Valley Bank's property, plant and equipment expenses $2,847,000.

    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 $222,048
    Deposits held in domestic offices $222,048
    Deposits by Individuals, partnerships, and corporations $219,066
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $1,835
    Deposits by Commercial banks and other depository institutions in U.S. $1,147
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $66,500
    Demand deposits $39,464
    Nontransaction accounts $155,548
    Money market deposit accounts (MMDAs) $48,002
    Other savings deposits (excluding MMDAs) $6,652
    Total time deposits $100,894
    Total time and savings deposits $182,584
    Noninterest-bearing deposits $39,644
    Interest-bearing deposits $182,404
    Retail deposits $172,583
    IRAs and Keogh plan accounts $2,299
    Brokered deposits $10,090
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $268,938
    Cash & Balances due from depository institutions $10,115
    Interest-bearing balances $4,625
    Total securities $0
    Federal funds sold & reverse repurchase $7,499
    Net loans and leases $238,199
    Loan and leases loss allowance $1,815
    Trading account assets $0
    Bank premises and fixed assets $2,957
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $10,168

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $268,938
    Total Liabilities $230,455
    Total deposits $222,048
    Interest-bearing deposits $182,404
    Deposits held in domestic offices $222,048
    % insured (estimated) $68
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $8,407

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $238,199
    Loan and leases loss allowance $1,815
    Total loans and leases (domestic) $240,014
    All real estate loans $223,550
    Real estate loans in domestic offices $223,550
    Construction and development loans $27,251
    Residential 1-4 family construction $5,441
    Other construction, all land development and other land $21,810
    Loans secured by nonfarm nonresidential properties $92,451
    Nonfarm nonresidential secured by owner-occupied properties $25,712
    Commercial real estate & other non-farm, non-residential $66,739
    Multifamily residential real estate $17,923
    1-4 family residential loans $79,088
    Farmland loans $6,837
    Loans held in foreign offices $0
    Farm loans $3,901
    Commercial and industrial loans $12,425
    To non-U.S. addressees $0
    Loans to individuals $264
    Credit card loans $0
    Related Plans $5
    Consumer Auto Loans $17
    Other loans to individuals $242
    All other loans & leases $46
    Loans to foreign governments and official institutions $0
    Other loans $46
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $184
    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 $238,199,000 of loans outstanding in 2019. $223,550,000 of loans were in real estate loans. $27,251,000 of loans were in development loans. $17,923,000 of loans were in multifamily mortgage loans. $79,088,000 of loans were in 1-4 family mortgage loans. $3,901,000 of loans were in farm loans. $0 of loans were in credit card loans. $17,000 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 84 $31,394 $373,738
    Nonfarm, nonresidential loans - <$100k 1 $49 $49,000
    Nonfarm, nonresidential loans - $100-250k 29 $5,989 $206,517
    Nonfarm, nonresidential loans - $250k-1MM 54 $25,356 $469,556
    Commercial & Industrial, US addressed loans - <$1MM 73 $7,580 $103,836
    Commercial & Industrial, US addressed loans - <$100k 36 $1,112 $30,889
    Commercial & Industrial, US addressed loans - $100-250k 16 $1,963 $122,688
    Commercial & Industrial, US addressed loans - $250k-1MM 21 $4,505 $214,524
    Farmland loans - <$1MM 13 $3,236 $248,923
    Farmland loans - <$100k 1 $56 $56,000
    Farmland loans - $100-250k 8 $1,557 $194,625
    Farmland loans - $250k-1MM 4 $1,623 $405,750
    Agriculture operations loans - <$1MM 16 $1,872 $117,000
    Agriculture operations loans - <$100k 4 $162 $40,500
    Agriculture operations loans - $100-250k 6 $616 $102,667
    Agriculture operations loans - $250k-1MM 6 $1,094 $182,333