Paramount Bank Mortgage Rates, Fees & Info
Hazelwood, MOLEI: 549300KW3HYVC06WS898
Tax ID: 81-0647272
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Bank Data
Review & Overview
Paramount Bank is a smaller bank specializing in Home Purchase, Refi, and Cash Out Refi loans. Paramount 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: St. Louis, Tampa, Phoenix, Chicago, and Los Angeles among others. We have data for 214 markets. (Some data included below & more in-depth data is available with an active subscription.)Paramount 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. Paramount Bank is typically a low 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.75% | 12/17/24 |
| 30 Year Conventional Refi | 6.48% | 12/17/24 |
| 30 Year Cash-out Refi | 6.77% | 12/17/24 |
| 30 Year FHA Purchase | 7.13% | 12/17/24 |
| 30 Year FHA Refi | 7.61% | 12/17/24 |
| 30 Year VA Purchase | 6.66% | 12/17/24 |
| 30 Year VA Refi | 5.72% | 12/17/24 |
| 30 Year USDA Purchase | 6.66% | 12/17/24 |
| 15 Year Conventional Purchase | 6.26% | 12/17/24 |
| 15 Year Conventional Refi | 6.04% | 12/17/24 |
| 15 Year Cash-out Refi | 6.04% | 12/17/24 |
| 15 Year VA Purchase | 5.68% | 12/17/24 |
| 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. | ||
Paramount Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,996Origination Dollar Volume (All Markets)
$552,500,000Employee count
147Awards
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Paramount Bank - 2019
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For 2019, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1,037 | $275,435,000 | $265,608 | $3,089 | 4.11% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 108 | $19,440,000 | $180,000 | $4,709 | 4.21% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 57 | $16,375,000 | $287,281 | $4,936 | 3.89% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 43 | $13,895,000 | $323,140 | $5,077 | 4.08% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 24 | $12,060,000 | $502,500 | $8,634 | 3.95% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 43 | $10,695,000 | $248,721 | $3,001 | 4.10% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 38 | $10,630,000 | $279,737 | $5,684 | 4.02% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 23 | $10,365,000 | $450,652 | $8,107 | 3.85% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 23 | $9,735,000 | $423,261 | $7,015 | 4.01% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 22 | $8,820,000 | $400,909 | $9,265 | 3.93% |
| Outside of Metro Areas | 39 | $8,775,000 | $225,000 | $4,667 | 4.01% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 8 | $5,660,000 | $707,500 | $6,580 | 4.00% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 17 | $5,545,000 | $326,176 | $7,108 | 3.80% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 12 | $5,470,000 | $455,833 | $8,013 | 3.85% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 21 | $5,065,000 | $241,190 | $6,016 | 3.75% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 10 | $5,030,000 | $503,000 | $6,047 | 3.91% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 12 | $4,370,000 | $364,167 | $4,737 | 3.95% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 14 | $4,360,000 | $311,429 | $9,046 | 3.58% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 16 | $4,160,000 | $260,000 | $3,873 | 4.02% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 10 | $3,670,000 | $367,000 | $5,077 | 3.89% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 13 | $3,665,000 | $281,923 | $6,274 | 34.57% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 17 | $3,335,000 | $196,176 | $4,080 | 3.87% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 8 | $3,060,000 | $382,500 | $7,999 | 4.17% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 8 | $2,620,000 | $327,500 | $6,653 | 4.03% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 6 | $2,520,000 | $420,000 | $5,112 | 3.92% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 7 | $2,335,000 | $333,571 | $8,442 | 3.52% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 7 | $2,125,000 | $303,571 | $6,963 | 4.02% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $2,070,000 | $1,035,000 | $12,216 | 4.81% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 7 | $2,055,000 | $293,571 | $7,809 | 4.02% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 10 | $1,930,000 | $193,000 | $6,929 | 4.45% |
| BOISE CITY, ID (FHA|USDA|VA) | 6 | $1,920,000 | $320,000 | $5,878 | 3.98% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 6 | $1,890,000 | $315,000 | $6,133 | 3.98% |
| VALLEJO, CA (FHA|USDA|VA) | 3 | $1,865,000 | $621,667 | $8,310 | 3.75% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 5 | $1,855,000 | $371,000 | $7,071 | 4.13% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 12 | $1,680,000 | $140,000 | $5,529 | 4.32% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 6 | $1,670,000 | $278,333 | $3,953 | 3.94% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 7 | $1,605,000 | $229,286 | $5,300 | 3.84% |
| BLOOMINGTON, IL (FHA|USDA|VA) | 9 | $1,585,000 | $176,111 | $4,297 | 4.11% |
| Heber, UT (FHA|USDA|VA) | 1 | $1,545,000 | $1,545,000 | $7,844 | 5.25% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 4 | $1,380,000 | $345,000 | $5,921 | 3.69% |
| COLUMBIA, SC (FHA|USDA|VA) | 5 | $1,365,000 | $273,000 | $3,599 | 3.70% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 4 | $1,250,000 | $312,500 | $10,850 | 4.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 6 | $1,240,000 | $206,667 | $5,430 | 4.10% |
| STOCKTON, CA (FHA|USDA|VA) | 3 | $1,185,000 | $395,000 | $5,685 | 3.83% |
| TUCSON, AZ (FHA|USDA|VA) | 3 | $1,115,000 | $371,667 | $6,619 | 3.83% |
| BILLINGS, MT (FHA|USDA|VA) | 2 | $1,030,000 | $515,000 | $15,993 | 3.56% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 4 | $1,030,000 | $257,500 | $8,293 | 5.06% |
| MODESTO, CA (FHA|USDA|VA) | 4 | $1,020,000 | $255,000 | $3,432 | 3.84% |
| COLUMBIA, MO (FHA|USDA|VA) | 2 | $940,000 | $470,000 | $2,893 | 4.00% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 4 | $940,000 | $235,000 | $4,300 | 4.03% |
| RENO, NV (FHA|USDA|VA) | 3 | $935,000 | $311,667 | $5,320 | 3.67% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 4 | $900,000 | $225,000 | $8,176 | 3.78% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 3 | $895,000 | $298,333 | $3,758 | 3.96% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 2 | $860,000 | $430,000 | $4,561 | 3.81% |
| ANCHORAGE, AK (FHA|USDA|VA) | 4 | $850,000 | $212,500 | $6,089 | 3.75% |
| RICHMOND, VA (FHA|USDA|VA) | 4 | $850,000 | $212,500 | $4,173 | 3.88% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 3 | $845,000 | $281,667 | $6,106 | 4.08% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 5 | $845,000 | $169,000 | $4,551 | 4.60% |
| Glenwood Springs, CO (FHA|USDA|VA) | 1 | $825,000 | $825,000 | $2,807 | 3.75% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 2 | $820,000 | $410,000 | $7,408 | 3.38% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 4 | $780,000 | $195,000 | $7,208 | 3.88% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $14,977 | 3.50% |
| URBAN HONOLULU, HI (FHA|USDA|VA) | 1 | $735,000 | $735,000 | $7,727 | 3.38% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $715,000 | $715,000 | $4,618 | 3.88% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 4 | $710,000 | $177,500 | $5,103 | 3.91% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 3 | $705,000 | $235,000 | $5,668 | 3.88% |
| VISALIA, CA (FHA|USDA|VA) | 3 | $695,000 | $231,667 | $3,453 | 3.88% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 3 | $695,000 | $231,667 | $6,117 | 3.79% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 2 | $690,000 | $345,000 | $2,576 | 3.94% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $4,170 | 3.71% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $3,909 | 4.25% |
| GREELEY, CO (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $7,842 | 3.63% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $4,076 | 4.13% |
| Hailey, ID (FHA|USDA|VA) | 1 | $665,000 | $665,000 | $8,884 | 4.38% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $9,500 | 3.94% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $8,501 | 4.63% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $4,888 | 3.63% |
| HANFORD-CORCORAN, CA (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $6,522 | 3.69% |
| OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $2,741 | 4.13% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $2,474 | 4.13% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 3 | $585,000 | $195,000 | $6,223 | 4.17% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 3 | $585,000 | $195,000 | $3,809 | 4.08% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $6,620 | 3.94% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $8,844 | 3.81% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $4,699 | 4.04% |
| COLUMBUS, OH (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $4,763 | 3.54% |
| MISSOULA, MT (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $3,564 | 3.75% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $13,400 | 3.75% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $4,779 | 3.81% |
| COLUMBUS, GA-AL (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $6,550 | 4.13% |
| ALEXANDRIA, LA (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $2,357 | 4.13% |
| GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $2,642 | 3.13% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $8,878 | 4.13% |
| TOPEKA, KS (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $6,075 | 3.50% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $3,459 | 3.88% |
| MADISON, WI (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $4,475 | 5.56% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $3,193 | 3.88% |
| VALDOSTA, GA (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $8,103 | 4.13% |
| BURLINGTON, NC (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $6,093 | 3.81% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $6,528 | 3.88% |
| Bozeman, MT (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $4,068 | 3.50% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $5,646 | 4.31% |
| AMES, IA (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $4,057 | 4.56% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $8,912 | 5.13% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $3,495 | 4.25% |
| DOVER, DE (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $4,786 | 3.50% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $15,573 | 3.25% |
| Greenwood, SC (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $11,325 | 3.63% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $10,849 | 3.50% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $3,636 | 3.75% |
| SAVANNAH, GA (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $4,649 | 3.63% |
| APPLETON, WI (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $4,453 | 3.88% |
| GETTYSBURG, PA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $4,991 | 3.50% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $4,002 | 4.38% |
| AMARILLO, TX (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $6,692 | 3.88% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $3,759 | 4.25% |
| JANESVILLE-BELOIT, WI (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $17,357 | 3.38% |
| PUEBLO, CO (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $11,938 | 3.50% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $3,524 | 3.38% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $23,847 | 2.88% |
| MUNCIE, IN (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $1,475 | 4.25% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $3,810 | 3.56% |
| Shawano, WI (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $17,972 | 4.13% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $3,636 | 3.94% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $12,752 | 4.50% |
| UTICA-ROME, NY (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $2,987 | 3.69% |
| Martinsville, VA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $9,795 | 3.75% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $12,135 | 4.25% |
| Seneca, SC (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $2,301 | 3.63% |
| Urbana, OH (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $9,516 | 3.75% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $8,780 | 2.75% |
| Cedar City, UT (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $2,463 | 4.38% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $7,000 | 4.00% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $13,090 | 3.50% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,890 | 3.38% |
| DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $5,906 | 3.38% |
| OSHKOSH-NEENAH, WI (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $2,767 | 3.75% |
| Roseburg, OR (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $7,961 | 3.25% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,057 | 4.50% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $6,210 | 3.38% |
| Centralia, WA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $20,119 | 3.50% |
| Torrington, CT (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,173 | 3.75% |
| Ottawa, KS (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,119 | 3.75% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $10,815 | 4.25% |
| Helena, MT (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,656 | 3.63% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,282 | 4.00% |
| RACINE, WI (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $6,577 | 3.50% |
| Aberdeen, SD (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,993 | 3.75% |
| CASPER, WY (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $8,724 | 3.63% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $9,616 | 3.75% |
| WENATCHEE, WA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,553 | 3.88% |
| Kalispell, MT (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $6,878 | 3.50% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,214 | 4.13% |
| SALEM, OR (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $8,736 | 3.50% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $11,605 | 3.50% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,179 | 3.50% |
| TEXARKANA, TX-AR (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $5,201 | 3.50% |
| Ukiah, CA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $6,286 | 3.38% |
| Payson, AZ (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $6,419 | 4.13% |
| Ontario, OR-ID (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,955 | 3.88% |
| TULSA, OK (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $8,592 | 3.50% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $10,808 | 3.50% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,475 | 4.00% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,699 | 3.88% |
| Rock Springs, WY (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $8,981 | 4.13% |
| WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,357 | 3.50% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,312 | 3.63% |
| Statesboro, GA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $7,488 | 3.50% |
| PANAMA CITY, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,965 | 3.88% |
| ELIZABETHTOWN-FORT KNOX, KY (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,189 | 4.00% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,700 | 3.25% |
| SYRACUSE, NY (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,672 | 4.00% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $7,816 | 3.75% |
| YUBA CITY, CA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,215 | 4.13% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $13,967 | 4.63% |
| Somerset, KY (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $6,693 | 4.25% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,681 | 3.50% |
| Farmington, MO (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $1,914 | 3.63% |
| Aberdeen, WA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $6,689 | 3.63% |
| SPARTANBURG, SC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $8,154 | 3.75% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,837 | 3.75% |
| Arcadia, FL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,688 | 3.13% |
| ROME, GA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,633 | 3.25% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $5,818 | 4.63% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $8,440 | 3.75% |
| Ottawa, IL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,734 | 3.75% |
| Richmond-Berea, KY (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,238 | 3.75% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,571 | 4.13% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $7,187 | 3.50% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $8,116 | 3.63% |
| Sheridan, WY (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,091 | 4.38% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,280 | 3.75% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 5.50% |
| Clarksburg, WV (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,554 | 3.75% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,704 | 4.00% |
| Beatrice, NE (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,299 | 3.25% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,830 | 3.88% |
| LAWRENCE, KS (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,275 | 4.75% |
| Minot, ND (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,596 | 4.38% |
| CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,279 | 4.50% |
| Hermiston-Pendleton, OR (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,838 | 3.75% |
| Picayune, MS (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,640 | 4.63% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $1,885 | 6.50% |
| Meridian, MS (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,848 | 3.75% |
| MIDLAND, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,787 | 4.13% |
| CHARLESTON, WV (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,954 | 3.13% |
| Quincy, IL-MO (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,104 | 4.00% |
| AKRON, OH (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,050 | 4.88% |
| WILMINGTON, NC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,788 | 3.13% |
| Lincoln, IL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,440 | 4.63% |
| PEORIA, IL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $4,788 | 3.88% |
| Batavia, NY (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,078 | 3.88% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $4,245 | 3.63% |
| Hays, KS (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $1,038 | 6.50% |
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Product Mix
For 2019, Paramount Bank's most frequently originated type of loan was Conventional, with 1,356 originations. Their 2nd most popular type was VA, with 390 originations.
Loan Reason
For 2019, Paramount Bank's most frequently cited loan purpose was Home Purchase, with 958 originations. The 2nd most popular reason was Refi, with 574 originations.
Loan Duration/Length
For 2019, Paramount Bank's most frequently cited loan duration was 30 Year, with 1,739 originations. The 2nd most popular length was 15 Year, with 126 originations.
Origination Fees/Closing Costs
Paramount Bank's average total fees were $4,646, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,233 originations.
Interest Rates
During 2019, Paramount Bank's average interest rate for loans was 4.02%, while their most frequently originated rate bucket for loans was 3-4%, with 1,187 originations.
Loan Sizing
2019 saw Paramount Bank place emphasis on $200k-400k loans with 944 originations, totaling $266,610,000 in origination value.
Applicant Income
Paramount Bank lent most frequently to those with incomes in the $100k-150k range, with 418 originations. The second most popular income band? $50k-75k, with 402 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| <20% | 1,996 | $552,500,000 | $276,804 | $4,381 | 4.25% |
Paramount Bank lent most frequently to those with DTI ratios of <20%, with 1,996 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.98%
Paramount 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 origination61.82%
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 |
|---|---|---|---|
| 15.5 | 1 | $205,000 | $205,000 |
| 2394.25 | 1 | $385,000 | $385,000 |
| NA | 1,994 | $551,910,000 | $276,785 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 19 | $3,775,000 | $198,684 |
| Single Family (1-4 Units):Site-Built | 1,977 | $548,725,000 | $277,554 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Paramount GR Holdings, LLC | Conventional home mortgage | Closing on a mortgage | 1 | 20.0% |
| Paramount GR Holdings, LLC | FHA mortgage | Struggling to pay mortgage | 1 | 20.0% |
| Paramount GR Holdings, LLC | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 20.0% |
| Paramount GR Holdings, LLC | Other type of mortgage | Trouble during payment process | 2 | 40.0% |
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 | $36,517 |
For 2019, Paramount Bank had 1 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $3,129 |
| Net interest income | $1,366 |
| Total noninterest income | $15,855 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $6 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $15,849 |
| Pre-tax net operating income | $387 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $269 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $269 |
| Minority interest net income | $0 |
| Net income | $269 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $269 |
Paramount Bank's gross interest income from loans was $3,129,000.
Paramount Bank's net interest income from loans was $1,366,000.
Paramount Bank's fee based income from loans was $6,000.
Paramount Bank's net income from loans was $269,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $1,763 |
| Provision for credit losses | $149 |
| Total noninterest expense | $16,685 |
| Salaries and employee benefits | $11,799 |
| Premises and equipment expense | $1,102 |
| Additional noninterest expense | $3,784 |
| Applicable income taxes | $118 |
| Net charge-offs | $-1 |
| Cash dividends | $0 |
Paramount Bank's interest expense for loans was $1,763,000.
Paramount Bank's payroll and benefits expense were $11,799,000.
Paramount Bank's property, plant and equipment expenses $1,102,000.
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 | $59,726 |
| Deposits held in domestic offices | $59,726 |
| Deposits by Individuals, partnerships, and corporations | $38,359 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $9,331 |
| Deposits by Commercial banks and other depository institutions in U.S. | $12,036 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $23,434 |
| Demand deposits | $7,530 |
| Nontransaction accounts | $36,292 |
| Money market deposit accounts (MMDAs) | $4,678 |
| Other savings deposits (excluding MMDAs) | $972 |
| Total time deposits | $30,644 |
| Total time and savings deposits | $52,196 |
| Noninterest-bearing deposits | $3,924 |
| Interest-bearing deposits | $55,803 |
| Retail deposits | $37,740 |
| IRAs and Keogh plan accounts | $729 |
| Brokered deposits | $20,680 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $104,250 |
| Cash & Balances due from depository institutions | $9,940 |
| Interest-bearing balances | $8,740 |
| Total securities | $0 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $86,720 |
| Loan and leases loss allowance | $312 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $1,558 |
| Other real estate owned | $1,990 |
| Goodwill and other intangibles | $655 |
| All other assets | $3,387 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $104,250 |
| Total Liabilities | $94,260 |
| Total deposits | $59,726 |
| Interest-bearing deposits | $55,803 |
| Deposits held in domestic offices | $59,726 |
| % insured (estimated) | $97 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $26,087 |
| Subordinated debt | $0 |
| All other liabilities | $8,447 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $86,720 |
| Loan and leases loss allowance | $312 |
| Total loans and leases (domestic) | $87,032 |
| All real estate loans | $82,953 |
| Real estate loans in domestic offices | $82,953 |
| Construction and development loans | $1,810 |
| Residential 1-4 family construction | $1,592 |
| Other construction, all land development and other land | $218 |
| Loans secured by nonfarm nonresidential properties | $7,251 |
| Nonfarm nonresidential secured by owner-occupied properties | $1,577 |
| Commercial real estate & other non-farm, non-residential | $5,674 |
| Multifamily residential real estate | $1,653 |
| 1-4 family residential loans | $72,239 |
| Farmland loans | $0 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $1,307 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $2,773 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $18 |
| Other loans to individuals | $2,755 |
| All other loans & leases | $0 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $0 |
| 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 $86,720,000 of loans outstanding in 2019. $82,953,000 of loans were in real estate loans. $1,810,000 of loans were in development loans. $1,653,000 of loans were in multifamily mortgage loans. $72,239,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $18,000 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 | 16 | $4,379 | $273,688 |
| Nonfarm, nonresidential loans - <$100k | 2 | $140 | $70,000 |
| Nonfarm, nonresidential loans - $100-250k | 5 | $628 | $125,600 |
| Nonfarm, nonresidential loans - $250k-1MM | 9 | $3,611 | $401,222 |
| Commercial & Industrial, US addressed loans - <$1MM | 4 | $1,307 | $326,750 |
| Commercial & Industrial, US addressed loans - <$100k | 1 | $46 | $46,000 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 3 | $1,261 | $420,333 |