Golden Bank Mortgage Rates, Fees & Info

Houston, TX

LEI: 549300GYMDP10GGMLF50

Tax ID: 76-0127757

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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, Dallas, and Austin among others. We have data for 4 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

    29

    Origination Dollar Volume (All Markets)

    $39,925,000

    Employee count

    128

    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) 14 $23,490,000 $1,677,857 $0 0.00%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 12 $15,720,000 $1,310,000 $0 0.00%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2 $480,000 $240,000 $0 0.00%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $235,000 $235,000 $0 0.00%
    Golden Bank's top markets include Houston, Los Angeles, Dallas, and Austin 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 29 $39,925,000 $1,376,724 $0 0.00%

    For 2020, Golden Bank's most frequently originated type of loan was Conventional, with 29 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 26 $36,250,000 $1,394,231 $0 0.00%
    Refi 3 $3,675,000 $1,225,000 $0 0.00%

    For 2020, Golden Bank's most frequently cited loan purpose was Home Purchase, with 26 originations. The 2nd most popular reason was Refi, with 3 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 29 $39,925,000 $1,376,724 $0 0.00%

    For 2020, Golden Bank's most frequently cited loan duration was Other, with 29 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 12 $33,980,000 $2,831,667 $0 0.00%
    $200k-400k 7 $2,055,000 $293,571 $0 0.00%
    $400k-600k 4 $2,060,000 $515,000 $0 0.00%
    $100,000 or less 2 $180,000 $90,000 $0 0.00%
    $100k-200k 2 $340,000 $170,000 $0 0.00%
    $600k-1MM 2 $1,310,000 $655,000 $0 0.00%

    2020 saw Golden Bank place emphasis on $1MM+ loans with 12 originations, totaling $33,980,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 10 $5,800,000 $580,000 $0 0.00%
    $150k-250k 1 $165,000 $165,000 $0 0.00%
    $75k-100k 1 $205,000 $205,000 $0 0.00%

    Golden Bank lent most frequently to those with incomes in the $250k+ range, with 10 originations. The second most popular income band? $150k-250k, with 1 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 29 $39,925,000 $1,376,724 $0 0.00%

    Golden Bank lent most frequently to those with DTI ratios of Exempt%, with 29 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 17 $33,755,000 $1,985,588 $0 0.00%
    Asian 9 $3,755,000 $417,222 $0 0.00%
    White 3 $2,415,000 $805,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.97%

    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
    89.66%

    Golden Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 29 $39,925,000 $1,376,724

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 5 $20,565,000 $4,113,000
    Single Family (1-4 Units):Site-Built 24 $19,360,000 $806,667

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    GOLDMAN SACHS BANK USA Conventional home 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 $58,576
    Golden Bank, National Association 2287 Highway 6 Sugar Land, TX 77478 Full Service B&M $123,338
    Golden Bank, National Association 240 Legacy Dr., #210 Plano, TX 75023 Full Service B&M $56,792
    Golden Bank, National Association 2827 Park Avenue Tustin, CA 92782 Full Service B&M $53,230
    Golden Bank, National Association 300 E. Terrace Drive, Suite 309 Richardson, TX 75081 Full Service B&M $84,984
    Golden Bank, National Association 3645 Fm 1960 W, Suite 318 Houston, TX 77068 Full Service B&M $21,892
    Golden Bank, National Association 7250 Harwin, Suite #d Houston, TX 77036 Full Service Retail $45,833
    Golden Bank, National Association 9315 Bellaire Boulevard Houston, TX 77036 Full Service B&M $481,685

    For 2020, Golden Bank had 8 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $48,519
    Net interest income $37,697
    Total noninterest income $3,368
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $459
    Trading account gains and fees $0
    Additional Noninterest Income $2,909
    Pre-tax net operating income $18,859
    Securities gains (or losses, -) $296
    Income before extraordinary items $15,348
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $15,348
    Minority interest net income $0
    Net income $15,348
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $15,111

    Golden Bank's gross interest income from loans was $48,519,000.
    Golden Bank's net interest income from loans was $37,697,000.
    Golden Bank's fee based income from loans was $459,000.
    Golden Bank's net income from loans was $15,348,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $10,822
    Provision for credit losses $2,208
    Total noninterest expense $19,998
    Salaries and employee benefits $13,736
    Premises and equipment expense $1,773
    Additional noninterest expense $4,489
    Applicable income taxes $3,807
    Net charge-offs $124
    Cash dividends $0

    Golden Bank's interest expense for loans was $10,822,000.
    Golden Bank's payroll and benefits expense were $13,736,000.
    Golden Bank's property, plant and equipment expenses $1,773,000.

    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 $949,314
    Deposits held in domestic offices $949,314
    Deposits by Individuals, partnerships, and corporations $933,999
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $12,088
    Deposits by Commercial banks and other depository institutions in U.S. $3,227
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $242,235
    Demand deposits $171,147
    Nontransaction accounts $707,079
    Money market deposit accounts (MMDAs) $117,947
    Other savings deposits (excluding MMDAs) $54,089
    Total time deposits $535,043
    Total time and savings deposits $778,167
    Noninterest-bearing deposits $171,147
    Interest-bearing deposits $778,167
    Retail deposits $735,459
    IRAs and Keogh plan accounts $13,270
    Brokered deposits $54,222
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,152,253
    Cash & Balances due from depository institutions $106,651
    Interest-bearing balances $96,848
    Total securities $109,460
    Federal funds sold & reverse repurchase $1,900
    Net loans and leases $893,304
    Loan and leases loss allowance $11,191
    Trading account assets $0
    Bank premises and fixed assets $11,158
    Other real estate owned $0
    Goodwill and other intangibles $435
    All other assets $29,345

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,152,253
    Total Liabilities $999,939
    Total deposits $949,314
    Interest-bearing deposits $778,167
    Deposits held in domestic offices $949,314
    % insured (estimated) $72
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $41,526
    Subordinated debt $0
    All other liabilities $9,099

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $893,304
    Loan and leases loss allowance $11,191
    Total loans and leases (domestic) $904,495
    All real estate loans $826,387
    Real estate loans in domestic offices $826,387
    Construction and development loans $103,492
    Residential 1-4 family construction $16,962
    Other construction, all land development and other land $86,530
    Loans secured by nonfarm nonresidential properties $590,850
    Nonfarm nonresidential secured by owner-occupied properties $232,852
    Commercial real estate & other non-farm, non-residential $357,998
    Multifamily residential real estate $25,183
    1-4 family residential loans $106,862
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $77,963
    To non-U.S. addressees $0
    Loans to individuals $1,737
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $63
    Other loans to individuals $1,674
    All other loans & leases $483
    Loans to foreign governments and official institutions $0
    Other loans $483
    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 $893,304,000 of loans outstanding in 2020. $826,387,000 of loans were in real estate loans. $103,492,000 of loans were in development loans. $25,183,000 of loans were in multifamily mortgage loans. $106,862,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $63,000 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 255 $108,140 $424,078
    Nonfarm, nonresidential loans - <$100k 10 $568 $56,800
    Nonfarm, nonresidential loans - $100-250k 31 $3,828 $123,484
    Nonfarm, nonresidential loans - $250k-1MM 214 $103,744 $484,785
    Commercial & Industrial, US addressed loans - <$1MM 1,130 $74,013 $65,498
    Commercial & Industrial, US addressed loans - <$100k 916 $27,780 $30,328
    Commercial & Industrial, US addressed loans - $100-250k 144 $20,825 $144,618
    Commercial & Industrial, US addressed loans - $250k-1MM 70 $25,408 $362,971