Green Belt Bank & Trust Mortgage Rates, Fees & Info

Iowa Falls, IA

LEI: 549300JGL6C3EZEB8H05

Tax ID: 42-1279302

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Mortgage Data

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

    Green Belt Bank & Trust is a smaller bank specializing in Home Purchase and Refi loans. Green Belt Bank & Trust has a high proportion of conventional loans. Their top markets by origination volume include: Waterloo, Marshalltown, Des Moines, Ames, and Spirit Lake among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Green Belt Bank & Trust has an average approval rate when compared to the average across all lenders. They have an 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.

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    Originations

    145

    Origination Dollar Volume (All Markets)

    $13,725,000

    Employee count

    76

    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 115 $9,885,000 $85,957 $0 0.00%
    WATERLOO-CEDAR FALLS, IA (FHA|USDA|VA) 20 $2,350,000 $117,500 $0 0.00%
    Marshalltown, IA (FHA|USDA|VA) 5 $735,000 $147,000 $0 0.00%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 2 $340,000 $170,000 $0 0.00%
    AMES, IA (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
    Spirit Lake, IA (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
    Brainerd, MN (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
    Green Belt Bank & Trust's top markets include Waterloo, Marshalltown, Des Moines, Ames, and Spirit Lake among others.

    Their top states include:
  • Iowa (FHA|USDA|VA)
  • Minnesota (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 145 $13,725,000 $94,655 $0 0.00%

    For 2019, Green Belt Bank & Trust's most frequently originated type of loan was Conventional, with 145 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 76 $6,810,000 $89,605 $0 0.00%
    Refi 36 $3,800,000 $105,556 $0 0.00%
    Cash Out Refi 15 $1,755,000 $117,000 $0 0.00%
    Home Improvement 9 $395,000 $43,889 $0 0.00%
    Other 9 $965,000 $107,222 $0 0.00%

    For 2019, Green Belt Bank & Trust's most frequently cited loan purpose was Home Purchase, with 76 originations. The 2nd most popular reason was Refi, with 36 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 145 $13,725,000 $94,655 $0 0.00%

    For 2019, Green Belt Bank & Trust's most frequently cited loan duration was Other, with 145 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 93 $4,765,000 $51,237 $0 0.00%
    $100k-200k 40 $5,760,000 $144,000 $0 0.00%
    $200k-400k 11 $2,795,000 $254,091 $0 0.00%
    $400k-600k 1 $405,000 $405,000 $0 0.00%

    2019 saw Green Belt Bank & Trust place emphasis on $100,000 or less loans with 93 originations, totaling $4,765,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 48 $2,780,000 $57,917 $0 0.00%
    $50k-75k 34 $2,940,000 $86,471 $0 0.00%
    $75k-100k 25 $3,125,000 $125,000 $0 0.00%
    $100k-150k 15 $2,045,000 $136,333 $0 0.00%
    $250k+ 6 $1,260,000 $210,000 $0 0.00%
    $150k-250k 1 $95,000 $95,000 $0 0.00%

    Green Belt Bank & Trust lent most frequently to those with incomes in the $50k or less range, with 48 originations. The second most popular income band? $50k-75k, with 34 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 145 $13,725,000 $94,655 $0 0.00%

    Green Belt Bank & Trust lent most frequently to those with DTI ratios of Exempt%, with 145 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 137 $13,055,000 $95,292 $0 0.00%
    Not applicable 5 $465,000 $93,000 $0 0.00%
    Not provided 2 $180,000 $90,000 $0 0.00%
    Other Asian 1 $25,000 $25,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    88.64%

    Green Belt Bank & Trust has an average approval rate.

    Pick Rate

    Approvals leading to origination
    93.79%

    Green Belt Bank & Trust has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 145 $13,725,000 $94,655

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $440,000 $110,000
    Single Family (1-4 Units):Site-Built 141 $13,285,000 $94,220

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Green Belt Bank & Trust 1121 Fremont Street Iowa Falls, IA 50126 Limited, Mobile/Seasonal Office $0
    Green Belt Bank & Trust 120 East Main Street Belmond, IA 50421 Full Service B&M $38,915
    Green Belt Bank & Trust 1509 Edgington Avenue Eldora, IA 50627 Full Service B&M $19,238
    Green Belt Bank & Trust 419 Sherman Avenue Ackley, IA 50601 Full Service B&M $23,671
    Green Belt Bank & Trust 502 Butler St Ackley, IA 50601 Limited, Mobile/Seasonal Office $0
    Green Belt Bank & Trust 508 G Avenue Grundy Center, IA 50638 Full Service B&M $40,681
    Green Belt Bank & Trust 615 Estes Street Iowa Falls, IA 50126 Limited, Drive-thru $0
    Green Belt Bank & Trust 616 Washington Avenue Iowa Falls, IA 50126 Full Service B&M $335,627

    For 2019, Green Belt Bank & Trust had 8 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $22,643
    Net interest income $16,684
    Total noninterest income $2,374
    Gross Fiduciary activities income $60
    Service charges on deposit accounts $976
    Trading account gains and fees $0
    Additional Noninterest Income $1,338
    Pre-tax net operating income $7,338
    Securities gains (or losses, -) $84
    Income before extraordinary items $7,077
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $7,077
    Minority interest net income $0
    Net income $7,077
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $6,997

    Green Belt Bank & Trust's gross interest income from loans was $22,643,000.
    Green Belt Bank & Trust's net interest income from loans was $16,684,000.
    Green Belt Bank & Trust's fee based income from loans was $976,000.
    Green Belt Bank & Trust's net income from loans was $7,077,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $5,959
    Provision for credit losses $1,553
    Total noninterest expense $10,167
    Salaries and employee benefits $5,978
    Premises and equipment expense $886
    Additional noninterest expense $3,303
    Applicable income taxes $345
    Net charge-offs $1,919
    Cash dividends $4,200

    Green Belt Bank & Trust's interest expense for loans was $5,959,000.
    Green Belt Bank & Trust's payroll and benefits expense were $5,978,000.
    Green Belt Bank & Trust's property, plant and equipment expenses $886,000.

    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 1.0%
    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 $435,327
    Deposits held in domestic offices $435,327
    Deposits by Individuals, partnerships, and corporations $371,757
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $57,458
    Deposits by Commercial banks and other depository institutions in U.S. $6,111
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $131,855
    Demand deposits $43,915
    Nontransaction accounts $303,471
    Money market deposit accounts (MMDAs) $116,620
    Other savings deposits (excluding MMDAs) $29,202
    Total time deposits $157,649
    Total time and savings deposits $391,411
    Noninterest-bearing deposits $43,916
    Interest-bearing deposits $391,411
    Retail deposits $386,444
    IRAs and Keogh plan accounts $11,861
    Brokered deposits $8,912
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $494,714
    Cash & Balances due from depository institutions $14,852
    Interest-bearing balances $8,670
    Total securities $58,901
    Federal funds sold & reverse repurchase $0
    Net loans and leases $398,184
    Loan and leases loss allowance $5,920
    Trading account assets $0
    Bank premises and fixed assets $4,308
    Other real estate owned $1,650
    Goodwill and other intangibles $3,122
    All other assets $13,697

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $494,714
    Total Liabilities $446,696
    Total deposits $435,327
    Interest-bearing deposits $391,411
    Deposits held in domestic offices $435,327
    % insured (estimated) $72
    Federal funds purchased and repurchase agreements $1,593
    Trading liabilities $0
    Other borrowed funds $7,850
    Subordinated debt $0
    All other liabilities $1,926

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $398,184
    Loan and leases loss allowance $5,920
    Total loans and leases (domestic) $404,104
    All real estate loans $238,193
    Real estate loans in domestic offices $238,193
    Construction and development loans $966
    Residential 1-4 family construction $125
    Other construction, all land development and other land $841
    Loans secured by nonfarm nonresidential properties $69,687
    Nonfarm nonresidential secured by owner-occupied properties $33,402
    Commercial real estate & other non-farm, non-residential $36,285
    Multifamily residential real estate $4,516
    1-4 family residential loans $37,041
    Farmland loans $125,983
    Loans held in foreign offices $0
    Farm loans $109,454
    Commercial and industrial loans $44,269
    To non-U.S. addressees $0
    Loans to individuals $9,916
    Credit card loans $87
    Related Plans $19
    Consumer Auto Loans $6,177
    Other loans to individuals $3,633
    All other loans & leases $2,272
    Loans to foreign governments and official institutions $0
    Other loans $175
    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 $1,567
    Non 1-4 family restructured loans & leases $1,261
    Total loans and leases (foreign) $0

    Green Belt Bank & Trust had $398,184,000 of loans outstanding in 2019. $238,193,000 of loans were in real estate loans. $966,000 of loans were in development loans. $4,516,000 of loans were in multifamily mortgage loans. $37,041,000 of loans were in 1-4 family mortgage loans. $109,454,000 of loans were in farm loans. $87,000 of loans were in credit card loans. $6,177,000 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 166 $23,691 $142,717
    Nonfarm, nonresidential loans - <$100k 81 $3,293 $40,654
    Nonfarm, nonresidential loans - $100-250k 47 $5,593 $119,000
    Nonfarm, nonresidential loans - $250k-1MM 38 $14,805 $389,605
    Commercial & Industrial, US addressed loans - <$1MM 646 $31,004 $47,994
    Commercial & Industrial, US addressed loans - <$100k 517 $11,597 $22,431
    Commercial & Industrial, US addressed loans - $100-250k 91 $8,940 $98,242
    Commercial & Industrial, US addressed loans - $250k-1MM 38 $10,467 $275,447
    Farmland loans - <$1MM 334 $39,114 $117,108
    Farmland loans - <$100k 106 $3,283 $30,972
    Farmland loans - $100-250k 134 $13,424 $100,179
    Farmland loans - $250k-1MM 94 $22,407 $238,372
    Agriculture operations loans - <$1MM 749 $50,399 $67,288
    Agriculture operations loans - <$100k 503 $13,467 $26,773
    Agriculture operations loans - $100-250k 147 $15,247 $103,721
    Agriculture operations loans - $250k-1MM 99 $21,685 $219,040