Golden Bank Mortgage Rates, Fees & Info

Houston, TX

LEI: 549300GYMDP10GGMLF50

Tax ID: 76-0127757

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    Golden Bank is a smaller bank specializing in Home Purchase loans. Golden Bank has a high proportion of conventional loans. Their top markets by origination volume include: Houston, Los Angeles, and Riverside among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Golden 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.

    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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    Originations

    17

    Origination Dollar Volume (All Markets)

    $12,345,000

    Employee count

    130

    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
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 12 $8,340,000 $695,000 $0 0.00%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 4 $3,790,000 $947,500 $0 0.00%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
    Golden Bank's top markets include Houston, Los Angeles, and Riverside among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 17 $12,345,000 $726,176 $0 0.00%

    For 2019, Golden Bank's most frequently originated type of loan was Conventional, with 17 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 14 $10,120,000 $722,857 $0 0.00%
    Cash Out Refi 2 $1,270,000 $635,000 $0 0.00%
    Refi 1 $955,000 $955,000 $0 0.00%

    For 2019, Golden Bank's most frequently cited loan purpose was Home Purchase, with 14 originations. The 2nd most popular reason was Cash Out Refi, with 2 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 17 $12,345,000 $726,176 $0 0.00%

    For 2019, Golden Bank's most frequently cited loan duration was Other, with 17 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 5 $1,315,000 $263,000 $0 0.00%
    $600k-1MM 5 $3,925,000 $785,000 $0 0.00%
    $100k-200k 3 $375,000 $125,000 $0 0.00%
    $1MM+ 3 $6,635,000 $2,211,667 $0 0.00%
    $100,000 or less 1 $95,000 $95,000 $0 0.00%

    2019 saw Golden Bank place emphasis on $200k-400k loans with 5 originations, totaling $1,315,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 3 $1,005,000 $335,000 $0 0.00%
    $75k-100k 2 $340,000 $170,000 $0 0.00%
    $100k-150k 1 $1,295,000 $1,295,000 $0 0.00%
    $250k+ 1 $1,065,000 $1,065,000 $0 0.00%

    Golden Bank lent most frequently to those with incomes in the $150k-250k range, with 3 originations. The second most popular income band? $75k-100k, with 2 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 17 $12,345,000 $726,176 $0 0.00%

    Golden Bank lent most frequently to those with DTI ratios of Exempt%, with 17 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 10 $8,640,000 $864,000 $0 0.00%
    Asian 7 $3,705,000 $529,286 $0 0.00%

    Approval Rates

    Total approvals of all applications
    100.00%

    Golden Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    82.35%

    Golden Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 17 $12,345,000 $726,176

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $955,000 $955,000
    Single Family (1-4 Units):Site-Built 16 $11,390,000 $711,875

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    GOLDMAN SACHS BANK USA Other type of mortgage Struggling to pay mortgage 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Golden Bank, National Association 105 E. Valley Boulevard Alhambra, CA 91801 Full Service B&M $27,211
    Golden Bank, National Association 2287 Highway 6 Sugar Land, TX 77478 Full Service B&M $119,761
    Golden Bank, National Association 240 Legacy Dr., #210 Plano, TX 75023 Full Service B&M $57,833
    Golden Bank, National Association 2827 Park Avenue Tustin, CA 92782 Full Service B&M $50,233
    Golden Bank, National Association 300 E. Terrace Drive, Suite 309 Richardson, TX 75081 Full Service B&M $87,823
    Golden Bank, National Association 3645 Fm 1960 W, Suite 318 Houston, TX 77068 Full Service B&M $24,298
    Golden Bank, National Association 7250 Harwin, Suite #d Houston, TX 77036 Full Service Retail $45,396
    Golden Bank, National Association 9315 Bellaire Boulevard Houston, TX 77036 Full Service B&M $422,669

    For 2019, Golden Bank had 8 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $49,008
    Net interest income $36,203
    Total noninterest income $1,951
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $560
    Trading account gains and fees $0
    Additional Noninterest Income $1,391
    Pre-tax net operating income $18,889
    Securities gains (or losses, -) $174
    Income before extraordinary items $15,220
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $15,220
    Minority interest net income $0
    Net income $15,220
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $15,080

    Golden Bank's gross interest income from loans was $49,008,000.
    Golden Bank's net interest income from loans was $36,203,000.
    Golden Bank's fee based income from loans was $560,000.
    Golden Bank's net income from loans was $15,220,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $12,805
    Provision for credit losses $560
    Total noninterest expense $18,705
    Salaries and employee benefits $12,825
    Premises and equipment expense $1,664
    Additional noninterest expense $4,216
    Applicable income taxes $3,843
    Net charge-offs $-7
    Cash dividends $0

    Golden Bank's interest expense for loans was $12,805,000.
    Golden Bank's payroll and benefits expense were $12,825,000.
    Golden Bank's property, plant and equipment expenses $1,664,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $848,895
    Deposits held in domestic offices $848,895
    Deposits by Individuals, partnerships, and corporations $843,161
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $4,758
    Deposits by Commercial banks and other depository institutions in U.S. $976
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $190,338
    Demand deposits $128,034
    Nontransaction accounts $658,557
    Money market deposit accounts (MMDAs) $94,059
    Other savings deposits (excluding MMDAs) $48,908
    Total time deposits $515,590
    Total time and savings deposits $720,861
    Noninterest-bearing deposits $128,034
    Interest-bearing deposits $720,861
    Retail deposits $681,096
    IRAs and Keogh plan accounts $13,498
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,022,609
    Cash & Balances due from depository institutions $139,766
    Interest-bearing balances $124,739
    Total securities $113,481
    Federal funds sold & reverse repurchase $1,800
    Net loans and leases $738,446
    Loan and leases loss allowance $9,107
    Trading account assets $0
    Bank premises and fixed assets $11,024
    Other real estate owned $0
    Goodwill and other intangibles $32
    All other assets $18,060

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,022,609
    Total Liabilities $887,367
    Total deposits $848,895
    Interest-bearing deposits $720,861
    Deposits held in domestic offices $848,895
    % insured (estimated) $76
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $26,017
    Subordinated debt $0
    All other liabilities $12,455

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $738,446
    Loan and leases loss allowance $9,107
    Total loans and leases (domestic) $747,553
    All real estate loans $725,551
    Real estate loans in domestic offices $725,551
    Construction and development loans $78,960
    Residential 1-4 family construction $16,327
    Other construction, all land development and other land $62,633
    Loans secured by nonfarm nonresidential properties $532,818
    Nonfarm nonresidential secured by owner-occupied properties $217,399
    Commercial real estate & other non-farm, non-residential $315,419
    Multifamily residential real estate $10,524
    1-4 family residential loans $103,249
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $22,583
    To non-U.S. addressees $0
    Loans to individuals $673
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $68
    Other loans to individuals $605
    All other loans & leases $2
    Loans to foreign governments and official institutions $0
    Other loans $2
    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

    Golden Bank had $738,446,000 of loans outstanding in 2019. $725,551,000 of loans were in real estate loans. $78,960,000 of loans were in development loans. $10,524,000 of loans were in multifamily mortgage loans. $103,249,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $68,000 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 251 $100,570 $400,677
    Nonfarm, nonresidential loans - <$100k 11 $639 $58,091
    Nonfarm, nonresidential loans - $100-250k 37 $4,367 $118,027
    Nonfarm, nonresidential loans - $250k-1MM 203 $95,564 $470,759
    Commercial & Industrial, US addressed loans - <$1MM 94 $16,146 $171,766
    Commercial & Industrial, US addressed loans - <$100k 30 $1,297 $43,233
    Commercial & Industrial, US addressed loans - $100-250k 32 $4,460 $139,375
    Commercial & Industrial, US addressed loans - $250k-1MM 32 $10,389 $324,656