Paramount Bank Mortgage Rates, Fees & Info
Hazelwood, MOLEI: 549300KW3HYVC06WS898
Tax ID: 81-0647272
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Bank Data
Review & 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 by origination volume include: St. Louis, New York, Houston, Tampa, and Washington among others. We have data for 297 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.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
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
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Paramount Bank. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
2,323Origination Dollar Volume (All Markets)
$693,175,000Employee count
172Awards
×
![]()
Paramount Bank - 2020
Paramount Bank is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
Work for Paramount Bank?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
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) | 798 | $219,250,000 | $274,749 | $533 | 2.87% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 60 | $24,330,000 | $405,500 | $331 | 2.88% |
| 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% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 38 | $17,080,000 | $449,474 | $551 | 2.77% |
| 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% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 27 | $15,775,000 | $584,259 | $1,558 | 2.84% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 51 | $15,345,000 | $300,882 | $820 | 2.73% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 41 | $12,825,000 | $312,805 | $778 | 2.77% |
| Outside of Metro Areas | 43 | $11,335,000 | $263,605 | $619 | 2.74% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 32 | $11,200,000 | $350,000 | $1,497 | 2.79% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 33 | $10,415,000 | $315,606 | $1,457 | 2.98% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 27 | $10,375,000 | $384,259 | $417 | 2.81% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 21 | $9,085,000 | $432,619 | $602 | 2.86% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 20 | $7,160,000 | $358,000 | $468 | 2.90% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 21 | $6,905,000 | $328,810 | $1,548 | 2.98% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 18 | $6,420,000 | $356,667 | $603 | 2.88% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 16 | $6,320,000 | $395,000 | $1,443 | 2.92% |
| 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% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 24 | $5,440,000 | $226,667 | $410 | 2.93% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 9 | $5,295,000 | $588,333 | $1,450 | 2.75% |
| 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% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 13 | $4,925,000 | $378,846 | $512 | 2.87% |
| 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% |
| 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% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 10 | $3,660,000 | $366,000 | $1,219 | 2.88% |
| SAVANNAH, GA (FHA|USDA|VA) | 9 | $3,445,000 | $382,778 | $444 | 2.61% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 14 | $3,350,000 | $239,286 | $1,309 | 2.72% |
| 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% |
| 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% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 7 | $1,885,000 | $269,286 | $618 | 2.71% |
| 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% |
| 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% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 5 | $1,645,000 | $329,000 | $3,128 | 2.65% |
| 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% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 4 | $1,260,000 | $315,000 | $642 | 2.91% |
| 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% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 4 | $1,100,000 | $275,000 | $1,014 | 2.59% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 2 | $1,100,000 | $550,000 | $0 | 3.19% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 3 | $1,095,000 | $365,000 | $0 | 3.25% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 3 | $1,045,000 | $348,333 | $0 | 2.88% |
| Hailey, ID (FHA|USDA|VA) | 4 | $1,040,000 | $260,000 | $593 | 2.66% |
| 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% |
| Coos Bay, OR (FHA|USDA|VA) | 2 | $950,000 | $475,000 | $0 | 2.50% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 4 | $940,000 | $235,000 | $3,367 | 2.94% |
| 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, KY (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% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 3 | $855,000 | $285,000 | $1,485 | 2.92% |
| Bozeman, MT (FHA|USDA|VA) | 2 | $850,000 | $425,000 | $1,393 | 2.63% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 3 | $835,000 | $278,333 | $929 | 2.83% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 3 | $835,000 | $278,333 | $0 | 2.63% |
| 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% |
| Truckee-Grass Valley, CA (FHA|USDA|VA) | 2 | $780,000 | $390,000 | $0 | 3.00% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $775,000 | $775,000 | $0 | 2.38% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 2 | $770,000 | $385,000 | $0 | 2.69% |
| SALINAS, CA (FHA|USDA|VA) | 2 | $770,000 | $385,000 | $1,982 | 2.56% |
| 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% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 3 | $725,000 | $241,667 | $2,493 | 2.38% |
| Fort Leonard Wood, MO (FHA|USDA|VA) | 3 | $715,000 | $238,333 | $0 | 2.75% |
| GAINESVILLE, GA (FHA|USDA|VA) | 1 | $715,000 | $715,000 | $0 | 2.25% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $0 | 2.63% |
| STOCKTON, CA (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $0 | 2.69% |
| 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% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $918 | 2.71% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $0 | 2.75% |
| 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% |
| Jefferson, GA (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $0 | 2.75% |
| 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% |
| Laconia, NH (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $0 | 3.00% |
| COLUMBUS, OH (FHA|USDA|VA) | 3 | $635,000 | $211,667 | $0 | 2.58% |
| DOTHAN, AL (FHA|USDA|VA) | 3 | $635,000 | $211,667 | $0 | 2.63% |
| Los Alamos, NM (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $0 | 2.75% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $0 | 2.81% |
| KNOXVILLE, TN (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $0 | 2.69% |
| Lebanon, NH-VT (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $3,248 | 2.50% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $4,061 | 2.69% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $0 | 2.88% |
| 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% |
| Outside of Metro Areas | 2 | $530,000 | $265,000 | $2,291 | 2.88% |
| Columbus, MS (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $0 | 2.25% |
| 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% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $0 | 2.38% |
| 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% |
| Lufkin, TX (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $0 | 2.25% |
| LEWISTON-AUBURN, ME (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 2.75% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $0 | 2.50% |
| CARBONDALE-MARION, IL (FHA|USDA|VA) | 3 | $445,000 | $148,333 | $0 | 2.88% |
| 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% |
| MIDLAND, TX (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 2.88% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 3.00% |
| Henderson, NC (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $3,512 | 2.88% |
| 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% |
| Milledgeville, GA (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% |
| Payson, AZ (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 2.75% |
| 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% |
| MODESTO, CA (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $0 | 2.88% |
| NAPA, CA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 2.75% |
| Key West, FL (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $0 | 2.50% |
| 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% |
| Kalispell, MT (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 3.25% |
| 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% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 3.63% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 2.50% |
| Silver City, NM (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 3.13% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 2.75% |
| PITTSBURGH, PA (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $1,075 | 2.81% |
| DULUTH, MN-WI (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $3,303 | 2.69% |
| PUEBLO, CO (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $1,065 | 2.75% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $0 | 3.81% |
| Farmington, MO (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $0 | 3.06% |
| Fredericksburg, TX (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 2.63% |
| 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% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 2.75% |
| LAREDO, TX (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 2.63% |
| LAS CRUCES, NM (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 2.75% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 2.50% |
| Hilo, HI (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 2.50% |
| Athens, TX (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 2.25% |
| SEBRING-AVON PARK, FL (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $0 | 2.38% |
| Sandusky, OH (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $0 | 3.06% |
| Heber, UT (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 2.63% |
| 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% |
| Sayre, PA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $7,037 | 3.13% |
| 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% |
| Plattsburgh, NY (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 2.75% |
| Lewisburg, TN (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 2.25% |
| Torrington, CT (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 2.88% |
| 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% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 2.88% |
| ELMIRA, NY (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 2.75% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 2.75% |
| PITTSFIELD, MA (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $1,916 | 3.13% |
| LAWTON, OK (FHA|USDA|VA) | 2 | $250,000 | $125,000 | $0 | 2.94% |
| Elizabeth City, NC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 2.75% |
| Searcy, AR (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% |
| SANTA FE, NM (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 2.63% |
| 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% |
| Paris, TN (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 2.63% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 2.50% |
| Houghton, MI (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 2.75% |
| CHAMPAIGN-URBANA, IL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 3.38% |
| 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% |
| Statesboro, GA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 2.25% |
| Warrensburg, MO (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 2.75% |
| JOHNSON CITY, TN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $1,723 | 2.75% |
| St. Marys, GA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 2.75% |
| ABILENE, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 2.25% |
| POCATELLO, ID (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 2.38% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 2.75% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 3.00% |
| RAPID CITY, SD (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 2.75% |
| Enterprise, AL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 2.25% |
| BURLINGTON, NC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 2.50% |
| FAIRBANKS, AK (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 2.38% |
| 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% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 2.75% |
| Bay City, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,336 | 2.38% |
| PROVO-OREM, UT (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 3.13% |
| Batavia, NY (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 2.25% |
| Pottsville, PA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 3.13% |
| Paducah, KY-IL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,744 | 2.88% |
| GLENS FALLS, NY (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 2.38% |
| Eureka-Arcata, CA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 2.50% |
| Boone, NC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 3.13% |
| Cornelia, GA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 3.25% |
| DANVILLE, IL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 2.75% |
| Atmore, AL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 2.75% |
| Fort Payne, AL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 2.75% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,180 | 2.63% |
| DeRidder, LA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 3.25% |
| SIOUX FALLS, SD (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 3.13% |
| ROANOKE, VA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 3.38% |
| Newport, OR (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 3.63% |
| Kingsville, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 2.75% |
| 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% |
| Ottawa, IL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,236 | 2.88% |
| Branson, MO (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,752 | 2.88% |
| 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% |
| Fergus Falls, MN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 2.75% |
| DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 2.75% |
| 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% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $7,387 | 2.88% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 3.25% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 5.25% |
| 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% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 2.75% |
| Show Low, AZ (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 3.13% |
| Fort Polk South, LA (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% |
| Ozark, AL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 2.75% |
| LaGrange, GA-AL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 3.25% |
| CHARLESTON, WV (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 3.00% |
| Picayune, MS (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 3.25% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 4.00% |
| MUSKEGON, MI (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $1,873 | 2.50% |
| MERCED, CA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 3.88% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 2.88% |
| Hood River, OR (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 2.50% |
| Kirksville, MO (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 3.75% |
| 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% |
| Rochelle, IL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,631 | 2.75% |
Similar Lenders
We use machine learning to identify the top lenders compared against Paramount Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
First National Bank Alaska
Similarity Rank: 55
Similarity Rank: 55
CREDIT UNION 1
Similarity Rank: 56
Similarity Rank: 56
The First National Bank of Long Island
Similarity Rank: 134
Similarity Rank: 134
FINANCIAL PLUS Credit Union
Similarity Rank: 172
Similarity Rank: 172
GREATER IOWA CREDIT UNION
Similarity Rank: 204
Similarity Rank: 204
United Bank of Union
Similarity Rank: 245
Similarity Rank: 245
North Jersey Federal Credit Union
Similarity Rank: 247
Similarity Rank: 247
Raccoon Valley Bank
Similarity Rank: 299
Similarity Rank: 299
DADE COUNTY FEDERAL CREDIT UNION
Similarity Rank: 304
Similarity Rank: 304
Fidelity Bank
Similarity Rank: 330
Similarity Rank: 330
Product Mix
For 2020, Paramount Bank's most frequently originated type of loan was Conventional, with 1,492 originations. Their 2nd most popular type was VA, with 701 originations.
Loan Reason
For 2020, Paramount Bank's most frequently cited loan purpose was Home Purchase, with 952 originations. The 2nd most popular reason was Refi, with 893 originations.
Loan Duration/Length
For 2020, Paramount Bank's most frequently cited loan duration was 30 Year, with 2,011 originations. The 2nd most popular length was 15 Year, with 215 originations.
Origination Fees/Closing Costs
Paramount Bank's average total fees were $709, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 2.85%, while their most frequently originated rate bucket for loans was 2.5-3%, with 1,269 originations.
Loan Sizing
2020 saw Paramount Bank place emphasis on $200k-400k loans with 1,190 originations, totaling $340,320,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications90.25%
Paramount Bank has an average approval rate.
Pick Rate
Approvals leading to origination52.60%
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
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Paramount GR Holdings, LLC | Conventional home mortgage | Closing on a mortgage | 1 | 20.0% |
| Paramount GR Holdings, LLC | Conventional home mortgage | Trouble during payment process | 2 | 40.0% |
| Paramount GR Holdings, LLC | FHA mortgage | Trouble during payment process | 1 | 20.0% |
| Paramount GR Holdings, LLC | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 20.0% |
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 | $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 |