Paramount Bank Mortgage Rates, Fees & Info

Hazelwood, MO

LEI: 549300KW3HYVC06WS898

Tax ID: 81-0647272

5 stars - out of 5 stars, based on 48 reviews

2020 Data | 2019 Data | 2018 Data


Overview

Paramount Bank is a smaller bank specializing in Home Purchase and Refi loans. Paramount Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets include St. Louis, Houston, Tampa, Austin, and Phoenix among others. They have an above average approval rate for mortages when compared nationally -- and they have a below average pick rate when compared to the same sample of other lendors. Paramount Bank is typically a low fee lendor.


Originations

2,323

Origination Dollar Volume (All Markets)

$693,175,000

Employee count

172 Show all (6) awards

Relative Rate

Paramount Bank's average 30 year fixed rate mortgage of loans were 2.85%.

The 2020 average 30 year fixed rate mortgage across all markets of loans were 3.36%.

This yields a difference of -0.51%.

Relative Fees

Paramount Bank's average total fees for a 30 year fixed rate mortgage are $709.

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 $5,021.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
ST. LOUIS, MO-IL (FHA|USDA|VA) 798 $219,250,000 $274,749 $533 2.87%
Outside of Metro Areas 121 $32,165,000 $265,826 $616 2.75%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 63 $19,285,000 $306,111 $1,575 2.66%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 80 $18,080,000 $226,000 $222 2.84%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 44 $16,050,000 $364,773 $1,618 2.67%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 49 $15,905,000 $324,592 $840 2.90%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 51 $15,345,000 $300,882 $820 2.73%
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV (FHA|USDA|VA) 30 $13,810,000 $460,333 $572 2.79%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 41 $12,825,000 $312,805 $778 2.77%
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ (FHA|USDA|VA) 30 $11,230,000 $374,333 $650 2.80%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 27 $10,375,000 $384,259 $417 2.81%
ANAHEIM-SANTA ANA-IRVINE, CA (FHA|USDA|VA) 16 $10,320,000 $645,000 $2,057 2.75%
CHICAGO-NAPERVILLE-EVANSTON, IL (FHA|USDA|VA) 30 $9,290,000 $309,667 $1,452 2.95%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 21 $9,085,000 $432,619 $602 2.86%
DALLAS-PLANO-IRVING, TX (FHA|USDA|VA) 20 $7,710,000 $385,500 $1,399 2.80%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 18 $6,420,000 $356,667 $603 2.88%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 31 $6,035,000 $194,677 $859 3.05%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 15 $5,635,000 $375,667 $1,300 2.81%
LOS ANGELES-LONG BEACH-GLENDALE, CA (FHA|USDA|VA) 11 $5,455,000 $495,909 $859 2.98%
KANSAS CITY, MO-KS (FHA|USDA|VA) 24 $5,440,000 $226,667 $410 2.93%
RICHMOND, VA (FHA|USDA|VA) 16 $5,250,000 $328,125 $135 2.70%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 23 $5,175,000 $225,000 $377 2.76%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 16 $5,160,000 $322,500 $1,072 2.85%
NASSAU COUNTY-SUFFOLK COUNTY, NY (FHA|USDA|VA) 11 $4,985,000 $453,182 $0 2.86%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 13 $4,925,000 $378,846 $512 2.87%
NEWARK, NJ-PA (FHA|USDA|VA) 8 $4,300,000 $537,500 $0 2.75%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 12 $4,060,000 $338,333 $995 2.85%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 14 $4,010,000 $286,429 $940 3.07%
NEW BRUNSWICK-LAKEWOOD, NJ (FHA|USDA|VA) 11 $3,815,000 $346,818 $0 3.18%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 12 $3,780,000 $315,000 $1,200 2.59%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 13 $3,705,000 $285,000 $1,837 2.74%
OAKLAND-BERKELEY-LIVERMORE, CA (FHA|USDA|VA) 7 $3,685,000 $526,429 $1,865 2.80%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 10 $3,660,000 $366,000 $1,219 2.88%
SEATTLE-BELLEVUE-KENT, WA (FHA|USDA|VA) 10 $3,630,000 $363,000 $418 2.85%
TACOMA-LAKEWOOD, WA (FHA|USDA|VA) 10 $3,530,000 $353,000 $533 2.95%
FORT WORTH-ARLINGTON-GRAPEVINE, TX (FHA|USDA|VA) 12 $3,490,000 $290,833 $1,692 2.78%
SAVANNAH, GA (FHA|USDA|VA) 9 $3,445,000 $382,778 $444 2.61%
CAMBRIDGE-NEWTON-FRAMINGHAM, MA (FHA|USDA|VA) 9 $3,385,000 $376,111 $2,126 3.01%
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL (FHA|USDA|VA) 8 $3,340,000 $417,500 $1,050 2.95%
FREDERICK-GAITHERSBURG-ROCKVILLE, MD (FHA|USDA|VA) 8 $3,270,000 $408,750 $478 2.67%
URBAN HONOLULU, HI (FHA|USDA|VA) 5 $3,265,000 $653,000 $4,470 2.58%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 12 $3,260,000 $271,667 $747 2.91%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 10 $3,170,000 $317,000 $305 2.61%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 6 $3,030,000 $505,000 $1,674 2.85%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 5 $2,825,000 $565,000 $0 2.80%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 9 $2,735,000 $303,889 $0 2.74%
RALEIGH-CARY, NC (FHA|USDA|VA) 9 $2,465,000 $273,889 $0 2.78%
COLORADO SPRINGS, CO (FHA|USDA|VA) 8 $2,450,000 $306,250 $2,769 2.63%
JACKSONVILLE, FL (FHA|USDA|VA) 8 $2,370,000 $296,250 $480 2.64%
NORTH PORT-SARASOTA-BRADENTON, FL (FHA|USDA|VA) 9 $2,305,000 $256,111 $943 2.99%
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL (FHA|USDA|VA) 9 $2,235,000 $248,333 $1,593 2.93%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 8 $2,080,000 $260,000 $1,491 2.75%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 6 $1,960,000 $326,667 $590 2.71%
BOISE CITY, ID (FHA|USDA|VA) 8 $1,960,000 $245,000 $611 3.09%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 7 $1,925,000 $275,000 $1,101 2.80%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 7 $1,875,000 $267,857 $419 2.75%
RENO, NV (FHA|USDA|VA) 6 $1,870,000 $311,667 $1,645 2.96%
BOSTON, MA (FHA|USDA|VA) 4 $1,840,000 $460,000 $0 2.97%
FAYETTEVILLE, NC (FHA|USDA|VA) 9 $1,815,000 $201,667 $0 2.82%
HUNTSVILLE, AL (FHA|USDA|VA) 5 $1,805,000 $361,000 $1,359 2.93%
COLUMBIA, MO (FHA|USDA|VA) 5 $1,745,000 $349,000 $693 2.58%
OKLAHOMA CITY, OK (FHA|USDA|VA) 6 $1,740,000 $290,000 $2,227 2.63%
TULSA, OK (FHA|USDA|VA) 5 $1,705,000 $341,000 $0 2.45%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 6 $1,670,000 $278,333 $629 2.77%
TUCSON, AZ (FHA|USDA|VA) 5 $1,645,000 $329,000 $562 2.90%
AKRON, OH (FHA|USDA|VA) 8 $1,600,000 $200,000 $2,313 3.16%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 7 $1,585,000 $226,429 $1,294 2.68%
COLUMBUS, GA-AL (FHA|USDA|VA) 6 $1,570,000 $261,667 $1,012 2.58%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 4 $1,560,000 $390,000 $1,518 2.66%
ANCHORAGE, AK (FHA|USDA|VA) 5 $1,535,000 $307,000 $0 2.75%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 6 $1,440,000 $240,000 $0 3.13%
COLUMBIA, SC (FHA|USDA|VA) 5 $1,415,000 $283,000 $794 2.90%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 4 $1,410,000 $352,500 $0 2.69%
ALBUQUERQUE, NM (FHA|USDA|VA) 5 $1,385,000 $277,000 $0 2.70%
BEND, OR (FHA|USDA|VA) 4 $1,380,000 $345,000 $0 2.56%
MIAMI-MIAMI BEACH-KENDALL, FL (FHA|USDA|VA) 4 $1,330,000 $332,500 $2,444 3.13%
SALT LAKE CITY, UT (FHA|USDA|VA) 4 $1,260,000 $315,000 $642 2.91%
WILMINGTON, DE-MD-NJ (FHA|USDA|VA) 6 $1,250,000 $208,333 $1,851 2.81%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 2 $1,240,000 $620,000 $0 3.13%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 3 $1,185,000 $395,000 $0 2.83%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 4 $1,180,000 $295,000 $0 2.78%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 5 $1,175,000 $235,000 $1,103 2.73%
PORT ST. LUCIE, FL (FHA|USDA|VA) 4 $1,130,000 $282,500 $2,931 2.84%
PANAMA CITY, FL (FHA|USDA|VA) 5 $1,125,000 $225,000 $680 2.55%
WARNER ROBINS, GA (FHA|USDA|VA) 4 $1,120,000 $280,000 $0 2.75%
EL PASO, TX (FHA|USDA|VA) 5 $1,105,000 $221,000 $2,607 2.48%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 2 $1,100,000 $550,000 $0 3.19%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 4 $1,100,000 $275,000 $1,014 2.59%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 3 $1,095,000 $365,000 $0 3.25%
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH (FHA|USDA|VA) 3 $1,095,000 $365,000 $1,547 2.58%
SAN RAFAEL, CA (FHA|USDA|VA) 1 $1,095,000 $1,095,000 $0 2.88%
COEUR D'ALENE, ID (FHA|USDA|VA) 4 $1,060,000 $265,000 $2,291 2.88%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 3 $1,045,000 $348,333 $0 2.88%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 3 $1,035,000 $345,000 $0 3.21%
SALEM, OR (FHA|USDA|VA) 2 $1,030,000 $515,000 $0 3.19%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 4 $980,000 $245,000 $1,410 2.81%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 4 $960,000 $240,000 $913 3.03%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 4 $960,000 $240,000 $678 2.78%
DETROIT-DEARBORN-LIVONIA, MI (FHA|USDA|VA) 5 $945,000 $189,000 $0 2.65%
BAKERSFIELD, CA (FHA|USDA|VA) 4 $940,000 $235,000 $3,367 2.94%
WARREN-TROY-FARMINGTON HILLS, MI (FHA|USDA|VA) 2 $940,000 $470,000 $2,163 2.88%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 3 $935,000 $311,667 $1,610 2.83%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 3 $935,000 $311,667 $696 2.88%
LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 4 $920,000 $230,000 $0 2.75%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 3 $865,000 $288,333 $815 2.92%
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA (FHA|USDA|VA) 3 $865,000 $288,333 $0 2.58%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 3 $855,000 $285,000 $1,485 2.92%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 3 $835,000 $278,333 $0 2.63%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 3 $835,000 $278,333 $929 2.83%
BILLINGS, MT (FHA|USDA|VA) 3 $835,000 $278,333 $1,086 3.46%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 3 $825,000 $275,000 $792 2.79%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 2 $820,000 $410,000 $0 2.75%
SUMTER, SC (FHA|USDA|VA) 3 $785,000 $261,667 $0 2.58%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 2 $780,000 $390,000 $0 2.50%
LYNCHBURG, VA (FHA|USDA|VA) 1 $775,000 $775,000 $0 2.38%
SALINAS, CA (FHA|USDA|VA) 2 $770,000 $385,000 $1,982 2.56%
CORPUS CHRISTI, TX (FHA|USDA|VA) 2 $770,000 $385,000 $0 2.69%
MANHATTAN, KS (FHA|USDA|VA) 3 $765,000 $255,000 $0 2.75%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 2 $750,000 $375,000 $0 2.50%
CASPER, WY (FHA|USDA|VA) 2 $740,000 $370,000 $0 2.69%
YORK-HANOVER, PA (FHA|USDA|VA) 2 $730,000 $365,000 $0 2.88%
PHILADELPHIA, PA (FHA|USDA|VA) 3 $725,000 $241,667 $1,243 2.71%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 3 $725,000 $241,667 $2,493 2.38%
GAINESVILLE, GA (FHA|USDA|VA) 1 $715,000 $715,000 $0 2.25%
STOCKTON, CA (FHA|USDA|VA) 2 $710,000 $355,000 $0 2.69%
FORT SMITH, AR-OK (FHA|USDA|VA) 2 $710,000 $355,000 $0 2.63%
DOVER, DE (FHA|USDA|VA) 2 $700,000 $350,000 $0 2.50%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 2 $690,000 $345,000 $3,547 2.75%
SALISBURY, MD-DE (FHA|USDA|VA) 3 $665,000 $221,667 $0 2.75%
PUNTA GORDA, FL (FHA|USDA|VA) 3 $665,000 $221,667 $918 2.71%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 2 $660,000 $330,000 $0 2.31%
MEDFORD, OR (FHA|USDA|VA) 3 $655,000 $218,333 $0 2.79%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $640,000 $320,000 $0 2.75%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 2 $640,000 $320,000 $0 2.69%
DOTHAN, AL (FHA|USDA|VA) 3 $635,000 $211,667 $0 2.63%
COLUMBUS, OH (FHA|USDA|VA) 3 $635,000 $211,667 $0 2.58%
LAKE COUNTY-KENOSHA COUNTY, IL-WI (FHA|USDA|VA) 1 $625,000 $625,000 $0 2.88%
KNOXVILLE, TN (FHA|USDA|VA) 2 $600,000 $300,000 $0 2.69%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 2 $600,000 $300,000 $0 2.88%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 2 $600,000 $300,000 $0 2.81%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 2 $600,000 $300,000 $4,061 2.69%
ASHEVILLE, NC (FHA|USDA|VA) 1 $595,000 $595,000 $0 3.13%
JACKSON, MS (FHA|USDA|VA) 2 $590,000 $295,000 $0 2.69%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 2 $570,000 $285,000 $1,029 2.69%
WORCESTER, MA-CT (FHA|USDA|VA) 3 $555,000 $185,000 $1,113 3.42%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 3 $545,000 $181,667 $1,018 2.75%
WILMINGTON, NC (FHA|USDA|VA) 2 $530,000 $265,000 $0 3.00%
BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) 2 $520,000 $260,000 $1,409 3.56%
BOULDER, CO (FHA|USDA|VA) 1 $515,000 $515,000 $2,338 2.75%
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA (FHA|USDA|VA) 1 $515,000 $515,000 $0 2.25%
CAMDEN, NJ (FHA|USDA|VA) 2 $510,000 $255,000 $1,749 2.69%
AMES, IA (FHA|USDA|VA) 1 $505,000 $505,000 $0 2.25%
DAYTON-KETTERING, OH (FHA|USDA|VA) 2 $500,000 $250,000 $0 2.88%
TALLAHASSEE, FL (FHA|USDA|VA) 1 $495,000 $495,000 $0 2.25%
LEWISTON-AUBURN, ME (FHA|USDA|VA) 1 $455,000 $455,000 $0 2.75%
CARBONDALE-MARION, IL (FHA|USDA|VA) 3 $445,000 $148,333 $0 2.88%
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 1 $445,000 $445,000 $0 2.50%
CANTON-MASSILLON, OH (FHA|USDA|VA) 2 $440,000 $220,000 $0 3.00%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 3 $435,000 $145,000 $2,760 3.42%
TYLER, TX (FHA|USDA|VA) 1 $425,000 $425,000 $0 2.25%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 2 $420,000 $210,000 $0 2.94%
MADERA, CA (FHA|USDA|VA) 2 $420,000 $210,000 $1,344 2.81%
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 1 $415,000 $415,000 $0 2.63%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $415,000 $415,000 $0 2.88%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $405,000 $405,000 $0 3.00%
MIDLAND, TX (FHA|USDA|VA) 1 $405,000 $405,000 $0 2.88%
ELGIN, IL (FHA|USDA|VA) 1 $405,000 $405,000 $3,025 3.38%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 1 $395,000 $395,000 $0 3.38%
BATON ROUGE, LA (FHA|USDA|VA) 1 $395,000 $395,000 $0 2.75%
WALLA WALLA, WA (FHA|USDA|VA) 1 $395,000 $395,000 $0 2.75%
MODESTO, CA (FHA|USDA|VA) 2 $390,000 $195,000 $0 2.88%
HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 2 $390,000 $195,000 $0 2.63%
HINESVILLE, GA (FHA|USDA|VA) 2 $390,000 $195,000 $0 3.19%
NAPA, CA (FHA|USDA|VA) 1 $385,000 $385,000 $0 2.75%
SEBASTIAN-VERO BEACH, FL (FHA|USDA|VA) 1 $385,000 $385,000 $0 2.75%
REDDING, CA (FHA|USDA|VA) 2 $380,000 $190,000 $1,109 2.69%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $375,000 $375,000 $0 2.25%
LINCOLN, NE (FHA|USDA|VA) 1 $375,000 $375,000 $0 2.75%
CHICO, CA (FHA|USDA|VA) 2 $370,000 $185,000 $2,439 2.63%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $365,000 $365,000 $0 2.63%
SPRINGFIELD, MO (FHA|USDA|VA) 2 $360,000 $180,000 $1,287 2.63%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 1 $355,000 $355,000 $0 2.50%
VALLEJO, CA (FHA|USDA|VA) 1 $355,000 $355,000 $0 3.63%
BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 1 $345,000 $345,000 $0 2.75%
DULUTH, MN-WI (FHA|USDA|VA) 2 $340,000 $170,000 $3,303 2.69%
PITTSBURGH, PA (FHA|USDA|VA) 2 $340,000 $170,000 $1,075 2.81%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 2 $330,000 $165,000 $0 3.81%
PUEBLO, CO (FHA|USDA|VA) 2 $330,000 $165,000 $1,065 2.75%
MISSOULA, MT (FHA|USDA|VA) 1 $325,000 $325,000 $0 2.75%
EAST STROUDSBURG, PA (FHA|USDA|VA) 2 $320,000 $160,000 $0 2.94%
LAREDO, TX (FHA|USDA|VA) 1 $315,000 $315,000 $0 2.63%
SPRINGFIELD, MA (FHA|USDA|VA) 1 $315,000 $315,000 $0 2.75%
FRESNO, CA (FHA|USDA|VA) 1 $315,000 $315,000 $0 2.50%
LAS CRUCES, NM (FHA|USDA|VA) 1 $315,000 $315,000 $0 2.75%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 2 $310,000 $155,000 $0 2.38%
ST. JOSEPH, MO-KS (FHA|USDA|VA) 2 $300,000 $150,000 $767 2.56%
FARGO, ND-MN (FHA|USDA|VA) 1 $295,000 $295,000 $0 2.38%
GAINESVILLE, FL (FHA|USDA|VA) 2 $290,000 $145,000 $0 3.06%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $285,000 $285,000 $0 2.75%
ANN ARBOR, MI (FHA|USDA|VA) 1 $285,000 $285,000 $2,559 2.50%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 1 $265,000 $265,000 $0 2.88%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 1 $265,000 $265,000 $0 3.38%
LONGVIEW, WA (FHA|USDA|VA) 1 $265,000 $265,000 $0 2.25%
KINGSTON, NY (FHA|USDA|VA) 1 $255,000 $255,000 $0 2.50%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $255,000 $255,000 $0 2.75%
ELMIRA, NY (FHA|USDA|VA) 1 $255,000 $255,000 $0 2.75%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $255,000 $255,000 $0 2.88%
LAWTON, OK (FHA|USDA|VA) 2 $250,000 $125,000 $0 2.94%
PITTSFIELD, MA (FHA|USDA|VA) 2 $250,000 $125,000 $1,916 3.13%
SANTA FE, NM (FHA|USDA|VA) 1 $245,000 $245,000 $0 2.63%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 1 $245,000 $245,000 $0 2.75%
AMARILLO, TX (FHA|USDA|VA) 1 $245,000 $245,000 $0 2.75%
LEBANON, PA (FHA|USDA|VA) 1 $235,000 $235,000 $0 2.88%
CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 1 $235,000 $235,000 $0 3.38%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $235,000 $235,000 $0 2.50%
FORT WAYNE, IN (FHA|USDA|VA) 2 $230,000 $115,000 $0 3.00%
NEW BERN, NC (FHA|USDA|VA) 2 $230,000 $115,000 $0 3.06%
NILES, MI (FHA|USDA|VA) 1 $225,000 $225,000 $0 3.25%
JOHNSON CITY, TN (FHA|USDA|VA) 1 $225,000 $225,000 $1,723 2.75%
ABILENE, TX (FHA|USDA|VA) 1 $215,000 $215,000 $0 2.25%
GREELEY, CO (FHA|USDA|VA) 1 $215,000 $215,000 $0 2.75%
RAPID CITY, SD (FHA|USDA|VA) 1 $215,000 $215,000 $0 2.75%
FAIRBANKS, AK (FHA|USDA|VA) 1 $215,000 $215,000 $0 2.38%
POCATELLO, ID (FHA|USDA|VA) 1 $215,000 $215,000 $0 2.38%
VISALIA, CA (FHA|USDA|VA) 1 $215,000 $215,000 $0 3.00%
BURLINGTON, NC (FHA|USDA|VA) 1 $215,000 $215,000 $0 2.50%
WENATCHEE, WA (FHA|USDA|VA) 1 $215,000 $215,000 $0 3.25%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $215,000 $215,000 $0 2.75%
PROVO-OREM, UT (FHA|USDA|VA) 1 $205,000 $205,000 $0 3.13%
BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 1 $205,000 $205,000 $0 2.75%
DANVILLE, IL (FHA|USDA|VA) 1 $195,000 $195,000 $0 2.75%
GLENS FALLS, NY (FHA|USDA|VA) 1 $195,000 $195,000 $0 2.38%
SIOUX FALLS, SD (FHA|USDA|VA) 1 $185,000 $185,000 $0 3.13%
JACKSONVILLE, NC (FHA|USDA|VA) 1 $185,000 $185,000 $3,180 2.63%
ROANOKE, VA (FHA|USDA|VA) 1 $185,000 $185,000 $0 3.38%
FLAGSTAFF, AZ (FHA|USDA|VA) 1 $175,000 $175,000 $3,265 3.13%
OCALA, FL (FHA|USDA|VA) 1 $175,000 $175,000 $0 2.75%
DECATUR, AL (FHA|USDA|VA) 1 $165,000 $165,000 $0 2.25%
YUBA CITY, CA (FHA|USDA|VA) 1 $155,000 $155,000 $0 3.25%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 1 $155,000 $155,000 $0 2.75%
WINCHESTER, VA-WV (FHA|USDA|VA) 1 $145,000 $145,000 $7,387 2.88%
ROCKFORD, IL (FHA|USDA|VA) 1 $145,000 $145,000 $2,948 2.75%
SAGINAW, MI (FHA|USDA|VA) 1 $145,000 $145,000 $0 2.88%
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 1 $135,000 $135,000 $0 3.25%
LONGVIEW, TX (FHA|USDA|VA) 1 $135,000 $135,000 $0 3.13%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 1 $135,000 $135,000 $0 3.50%
MOBILE, AL (FHA|USDA|VA) 1 $135,000 $135,000 $0 5.25%
LANCASTER, PA (FHA|USDA|VA) 1 $125,000 $125,000 $0 2.75%
CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 1 $125,000 $125,000 $0 3.00%
MUSKEGON, MI (FHA|USDA|VA) 1 $115,000 $115,000 $1,873 2.50%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 1 $115,000 $115,000 $0 4.00%
CHARLESTON, WV (FHA|USDA|VA) 1 $115,000 $115,000 $0 3.00%
MERCED, CA (FHA|USDA|VA) 1 $105,000 $105,000 $0 3.88%
GARY, IN (FHA|USDA|VA) 1 $95,000 $95,000 $0 3.38%
WINSTON-SALEM, NC (FHA|USDA|VA) 1 $95,000 $95,000 $0 2.88%
SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $85,000 $85,000 $0 3.50%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $85,000 $85,000 $0 3.38%

Paramount Bank's top markets include St. Louis, Houston, Tampa, Austin, and Phoenix among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 1,492 $414,090,000 $277,540 $927 2.92%
VA 701 $248,615,000 $354,658 $407 2.65%
FHA 126 $29,510,000 $234,206 $72 2.78%
USDA 4 $960,000 $240,000 $0 2.84%

For the 2020 period, Paramount Bank's most frequently originated loan type of loans were Conventional, with 1,492 originations. Their 2nd most popular type is VA, with 701 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 952 $296,360,000 $311,303 $671 2.77%
Refi 893 $258,775,000 $289,782 $800 2.81%
Cash Out Refi 420 $122,820,000 $292,429 $616 3.00%
Other 58 $15,220,000 $262,414 $1,102 2.91%

For the 2020, Paramount Bank's most frequently cited loan purpose of loans were Home Purchase, with 952 originations. The 2nd most popular reason of loans were Refi, with 893 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 2,011 $614,765,000 $305,701 $709 2.85%
15 Year 215 $52,865,000 $245,884 $921 2.66%
20 Year 59 $16,455,000 $278,898 $411 2.96%
Other 21 $5,515,000 $262,619 $706 3.04%
10 Year 17 $3,575,000 $210,294 $569 2.70%

For the 2020, Paramount Bank's most frequently cited loan length of loans were 30 Year, with 2,011 originations. The 2nd most popular length of loans were 15 Year, with 215 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 2,115 $630,225,000 $297,979
$1k-2k 130 $34,190,000 $263,000
$3k-4k 32 $12,270,000 $383,438
$2k-3k 25 $6,975,000 $279,000
$5k+ 20 $9,070,000 $453,500

$709 of loans were Paramount Bank's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 2,115 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 1,269 $379,625,000 $299,153
<2.5% 542 $189,710,000 $350,018
3-4% 492 $120,610,000 $245,142
4-5% 17 $2,845,000 $167,353
5-6% 3 $385,000 $128,333

During 2020, Paramount Bank's average interest rate of loans were 2.85%, while their most frequently originated rate bucket of loans were 2.5-3%, with 1,269 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 1,190 $340,320,000 $285,983 $652 2.80%
$100k-200k 584 $91,470,000 $156,627 $703 2.96%
$400k-600k 422 $199,330,000 $472,346 $842 2.71%
$100,000 or less 61 $5,035,000 $82,541 $514 3.29%
$600k-1MM 53 $40,095,000 $756,509 $1,455 2.64%
$1MM+ 13 $16,925,000 $1,301,923 $1,333 2.46%

2020 saw Paramount Bank place emphasis on $200k-400k loans with 1,190 originations, totaling $340,320,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 501 $152,905,000 $305,200 $802 2.85%
$150k-250k 449 $170,275,000 $379,232 $683 2.83%
$50k-75k 337 $73,785,000 $218,947 $664 2.90%
$75k-100k 329 $86,655,000 $263,389 $695 2.87%
$50k or less 182 $27,530,000 $151,264 $732 2.95%
$250k+ 171 $72,435,000 $423,596 $883 2.84%

Paramount Bank lent most frequently to those with incomes in the $100k-150k range, with 501 originations. The second most popular income band? $150k-250k, with 449 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 537 $158,485,000 $295,130 $768 2.89%
30-36% 334 $101,260,000 $303,174 $794 2.86%
<20% 268 $76,440,000 $285,224 $731 2.84%
50-60% 78 $28,930,000 $370,897 $299 2.71%
41% 69 $19,125,000 $277,174 $1,168 2.86%
44% 68 $19,660,000 $289,118 $920 2.88%
38% 64 $19,140,000 $299,063 $861 2.92%
39% 63 $17,805,000 $282,619 $724 2.86%
42% 60 $18,420,000 $307,000 $747 2.88%
37% 59 $19,325,000 $327,542 $235 2.83%
36% 59 $15,875,000 $269,068 $943 2.82%
40% 56 $15,360,000 $274,286 $355 2.93%
46% 48 $13,860,000 $288,750 $624 2.85%
43% 48 $14,250,000 $296,875 $689 2.99%
45% 48 $13,130,000 $273,542 $1,082 2.80%
48% 36 $9,580,000 $266,111 $633 2.95%
49% 33 $9,655,000 $292,576 $275 2.81%
47% 30 $10,020,000 $334,000 $549 2.85%
>60% 19 $5,945,000 $312,895 $340 2.78%

Paramount Bank lent most frequently to those with DTI ratios of 20-30%, with 537 originations. The next most common DTI ratio? 30-36%, with 334 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 1,819 $534,365,000 $293,769 $679 2.85%
Not provided 287 $86,595,000 $301,725 $1,065 2.76%
Black 122 $42,040,000 $344,590 $650 2.82%
Asian 87 $28,135,000 $323,391 $628 2.77%
American Indian 4 $1,080,000 $270,000 $0 2.75%
Native Hawaiian 4 $960,000 $240,000 $0 2.78%

Approval Rates

Total approvals of all applications
93.39%

Paramount Bank has an average approval rate.

Pick Rate

Approvals leading to origination
58.23%

Paramount Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

Points and Fees

Points Originations Total Value Average Loan
NA 2,323 $693,175,000 $298,396

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
Single Family (1-4 Units):Manufactured 6 $1,030,000 $171,667
Single Family (1-4 Units):Site-Built 2,317 $692,145,000 $298,725

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 86 $20,010,000 $232,674 $617 2.80%
40-60% 314 $86,070,000 $274,108 $823 2.85%
60-80% 854 $242,100,000 $283,489 $826 2.93%
80-100% 991 $314,645,000 $317,503 $652 2.76%
Over 100% 70 $28,960,000 $413,714 $285 2.64%
Under 20% 5 $655,000 $131,000 $0 2.88%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Paramount Bank 90 Village Square Shopping Center Hazelwood, MO 63042 Full Service B&M $100,191

For 2020, Paramount Bank had 1 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $4,618
Net interest income $2,186
Total noninterest income $45,169
Gross Fiduciary activities income $0
Service charges on deposit accounts $10
Trading account gains and fees $0
Additional Noninterest Income $45,159
Pre-tax net operating income $11,583
Securities gains (or losses, -) $0
Income before extraordinary items $8,614
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $8,614
Minority interest net income $0
Net income $8,614
Sale, conversion, retirement of capital stock, net $11
Net operating income $8,614

Paramount Bank's gross interest income from loans was $4,618,000.
Paramount Bank's net interest income from loans was $2,186,000.
Paramount Bank's fee based income from loans was $10,000.
Paramount Bank's net income from loans was $8,614,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $2,432
Provision for credit losses $626
Total noninterest expense $35,146
Salaries and employee benefits $26,692
Premises and equipment expense $2,178
Additional noninterest expense $6,276
Applicable income taxes $2,969
Net charge-offs $0
Cash dividends $0

Paramount Bank's interest expense for loans was $2,432,000.
Paramount Bank's payroll and benefits expense were $26,692,000.
Paramount Bank's property, plant and equipment expenses $2,178,000.

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 $152,740
Deposits held in domestic offices $152,740
Deposits by Individuals, partnerships, and corporations $98,405
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $14,209
Deposits by Commercial banks and other depository institutions in U.S. $40,126
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $36,000
Demand deposits $36,000
Nontransaction accounts $116,740
Money market deposit accounts (MMDAs) $13,532
Other savings deposits (excluding MMDAs) $451
Total time deposits $102,757
Total time and savings deposits $116,740
Noninterest-bearing deposits $5,298
Interest-bearing deposits $147,442
Retail deposits $112,044
IRAs and Keogh plan accounts $1,926
Brokered deposits $33,915
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $237,872
Cash & Balances due from depository institutions $25,335
Interest-bearing balances $22,521
Total securities $0
Federal funds sold & reverse repurchase $0
Net loans and leases $191,194
Loan and leases loss allowance $938
Trading account assets $0
Bank premises and fixed assets $1,683
Other real estate owned $1,590
Goodwill and other intangibles $655
All other assets $17,415

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $237,872
Total Liabilities $218,757
Total deposits $152,740
Interest-bearing deposits $147,442
Deposits held in domestic offices $152,740
% insured (estimated) $90
Federal funds purchased and repurchase agreements $10,000
Trading liabilities $0
Other borrowed funds $42,138
Subordinated debt $0
All other liabilities $13,879

Issued Loan Types

Type Value (in 000's)
Net loans and leases $191,194
Loan and leases loss allowance $938
Total loans and leases (domestic) $192,132
All real estate loans $186,320
Real estate loans in domestic offices $186,320
Construction and development loans $2,468
Residential 1-4 family construction $2,468
Other construction, all land development and other land $0
Loans secured by nonfarm nonresidential properties $7,446
Nonfarm nonresidential secured by owner-occupied properties $1,250
Commercial real estate & other non-farm, non-residential $6,196
Multifamily residential real estate $1,609
1-4 family residential loans $174,797
Farmland loans $0
Loans held in foreign offices $0
Farm loans $0
Commercial and industrial loans $3,342
To non-U.S. addressees $0
Loans to individuals $2,469
Credit card loans $0
Related Plans $0
Consumer Auto Loans $0
Other loans to individuals $2,469
All other loans & leases $1
Loans to foreign governments and official institutions $0
Other loans $1
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

Paramount Bank had $191,194,000 of loans outstanding in 2020. $186,320,000 of loans were in real estate loans. $2,468,000 of loans were in development loans. $1,609,000 of loans were in multifamily mortgage loans. $174,797,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $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 12 $3,293 $274,417
Nonfarm, nonresidential loans - <$100k 3 $220 $73,333
Nonfarm, nonresidential loans - $100-250k 4 $482 $120,500
Nonfarm, nonresidential loans - $250k-1MM 5 $2,591 $518,200
Commercial & Industrial, US addressed loans - <$1MM 7 $1,254 $179,143
Commercial & Industrial, US addressed loans - <$100k 4 $57 $14,250
Commercial & Industrial, US addressed loans - $100-250k 1 $206 $206,000
Commercial & Industrial, US addressed loans - $250k-1MM 2 $991 $495,500