Greenfield Banking Company Mortgage Rates, Fees & Info

Greenfield, IN

LEI: 549300LCSS511JWT1A44

Tax ID: 35-0352340

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Greenfield Banking Company is a smaller bank specializing in Refi and Cash Out Refi loans. Greenfield Banking Company has a high proportion of conventional loans. Their top markets by origination volume include: Indianapolis, New Castle, and Bloomington among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Greenfield Banking Company has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.16% 12/16/24
    30 Year Conventional Refi 5.61% 12/16/24
    30 Year Cash-out Refi 6.33% 12/16/24
    15 Year Conventional Purchase 6.65% 12/16/24
    15 Year Conventional Refi 6.25% 12/16/24
    15 Year Cash-out Refi 6.25% 12/16/24
    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.

    Greenfield Banking Company Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Greenfield Banking Company. 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

    182

    Origination Dollar Volume (All Markets)

    $34,170,000

    Employee count

    107

    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
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 169 $32,545,000 $192,574 $0 0.00%
    New Castle, IN (FHA|USDA|VA) 9 $1,005,000 $111,667 $0 0.00%
    Outside of Metro Areas 3 $375,000 $125,000 $0 0.00%
    BLOOMINGTON, IN (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
    Greenfield Banking Company's top markets include Indianapolis, New Castle, and Bloomington among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Greenfield Banking Company based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    The Riddell National Bank
    Similarity Rank: 252
    Mutual Savings Bank
    Similarity Rank: 264
    Independent Federal Credit Union
    Similarity Rank: 560
    Madison County Federal Credit Union
    Similarity Rank: 784
    The Peoples State Bank
    Similarity Rank: 1188
    INDIANA UNIVERSITY CREDIT UNION
    Similarity Rank: 1463
    LOANFLIGHT LENDING, LLC
    Similarity Rank: 1690
    OCEANSIDE MORTGAGE COMPANY
    Similarity Rank: 1980
    FORUM Credit Union
    Similarity Rank: 2139
    The National Bank of Indianapolis
    Similarity Rank: 2445

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 182 $34,170,000 $187,747 $0 0.00%

    For 2021, Greenfield Banking Company's most frequently originated type of loan was Conventional, with 182 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 86 $15,900,000 $184,884 $0 0.00%
    Cash Out Refi 53 $10,255,000 $193,491 $0 0.00%
    Home Purchase 32 $6,730,000 $210,313 $0 0.00%
    Other 8 $810,000 $101,250 $0 0.00%
    Home Improvement 3 $475,000 $158,333 $0 0.00%

    For 2021, Greenfield Banking Company's most frequently cited loan purpose was Refi, with 86 originations. The 2nd most popular reason was Cash Out Refi, with 53 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 182 $34,170,000 $187,747 $0 0.00%

    For 2021, Greenfield Banking Company's most frequently cited loan duration was Other, with 182 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 80 $11,840,000 $148,000 $0 0.00%
    $200k-400k 54 $14,830,000 $274,630 $0 0.00%
    $100,000 or less 38 $2,720,000 $71,579 $0 0.00%
    $400k-600k 10 $4,780,000 $478,000 $0 0.00%

    2021 saw Greenfield Banking Company place emphasis on $100k-200k loans with 80 originations, totaling $11,840,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 47 $8,605,000 $183,085 $0 0.00%
    $75k-100k 35 $6,045,000 $172,714 $0 0.00%
    $50k-75k 30 $4,320,000 $144,000 $0 0.00%
    $150k-250k 25 $6,265,000 $250,600 $0 0.00%
    $50k or less 21 $2,075,000 $98,810 $0 0.00%
    $250k+ 12 $4,310,000 $359,167 $0 0.00%

    Greenfield Banking Company lent most frequently to those with incomes in the $100k-150k range, with 47 originations. The second most popular income band? $75k-100k, with 35 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 182 $34,170,000 $187,747 $0 0.00%

    Greenfield Banking Company lent most frequently to those with DTI ratios of Exempt%, with 182 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 172 $31,970,000 $185,872 $0 0.00%
    Not applicable 10 $2,200,000 $220,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.31%

    Greenfield Banking Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    90.11%

    Greenfield Banking Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 182 $34,170,000 $187,747

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    182 $34,170,000 $187,747

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Greenfield Banking Company 10 East Main Street Greenfield, IN 46140 Full Service B&M $37,724
    Greenfield Banking Company 111 West Broadway Fortville, IN 46040 Full Service B&M $99,917
    Greenfield Banking Company 12140 East Washington Street Cumberland, IN 46229 Full Service B&M $65,643
    Greenfield Banking Company 1920 North State Street Greenfield, IN 46140 Full Service B&M $443,326
    Greenfield Banking Company 51 N. Meridian Road Greenfield, IN 46140 Full Service B&M $19,454
    Greenfield Banking Company 5783 W Us 52 New Palestine, IN 46163 Full Service B&M $39,378
    Greenfield Banking Company 7363 N 600 W Mc Cordsville, IN 46055 Full Service B&M $17,956

    For 2021, Greenfield Banking Company had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $19,934
    Net interest income $19,622
    Total noninterest income $6,210
    Gross Fiduciary activities income $2,491
    Service charges on deposit accounts $808
    Trading account gains and fees $0
    Additional Noninterest Income $2,911
    Pre-tax net operating income $10,118
    Securities gains (or losses, -) $25
    Income before extraordinary items $7,729
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $7,729
    Minority interest net income $0
    Net income $7,729
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $7,709

    Greenfield Banking Company's gross interest income from loans was $19,934,000.
    Greenfield Banking Company's net interest income from loans was $19,622,000.
    Greenfield Banking Company's fee based income from loans was $808,000.
    Greenfield Banking Company's net income from loans was $7,729,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $312
    Provision for credit losses $68
    Total noninterest expense $15,646
    Salaries and employee benefits $8,881
    Premises and equipment expense $2,318
    Additional noninterest expense $4,447
    Applicable income taxes $2,414
    Net charge-offs $-56
    Cash dividends $2,000

    Greenfield Banking Company's interest expense for loans was $312,000.
    Greenfield Banking Company's payroll and benefits expense were $8,881,000.
    Greenfield Banking Company's property, plant and equipment expenses $2,318,000.

    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 $763,118
    Deposits held in domestic offices $763,118
    Deposits by Individuals, partnerships, and corporations $631,346
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $131,772
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $172,212
    Demand deposits $42,152
    Nontransaction accounts $590,906
    Money market deposit accounts (MMDAs) $64,809
    Other savings deposits (excluding MMDAs) $501,639
    Total time deposits $24,458
    Total time and savings deposits $720,966
    Noninterest-bearing deposits $283,896
    Interest-bearing deposits $479,222
    Retail deposits $760,988
    IRAs and Keogh plan accounts $11,036
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $839,614
    Cash & Balances due from depository institutions $364,298
    Interest-bearing balances $350,152
    Total securities $74,168
    Federal funds sold & reverse repurchase $0
    Net loans and leases $383,216
    Loan and leases loss allowance $5,001
    Trading account assets $0
    Bank premises and fixed assets $11,875
    Other real estate owned $0
    Goodwill and other intangibles $662
    All other assets $5,395

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $839,614
    Total Liabilities $766,038
    Total deposits $763,118
    Interest-bearing deposits $479,222
    Deposits held in domestic offices $763,118
    % insured (estimated) $63
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $2,920

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $383,216
    Loan and leases loss allowance $5,001
    Total loans and leases (domestic) $388,217
    All real estate loans $345,701
    Real estate loans in domestic offices $345,701
    Construction and development loans $35,162
    Residential 1-4 family construction $7,888
    Other construction, all land development and other land $27,274
    Loans secured by nonfarm nonresidential properties $183,949
    Nonfarm nonresidential secured by owner-occupied properties $116,198
    Commercial real estate & other non-farm, non-residential $67,751
    Multifamily residential real estate $21,830
    1-4 family residential loans $95,255
    Farmland loans $9,505
    Loans held in foreign offices $0
    Farm loans $8,681
    Commercial and industrial loans $28,175
    To non-U.S. addressees $0
    Loans to individuals $3,403
    Credit card loans $0
    Related Plans $118
    Consumer Auto Loans $1,534
    Other loans to individuals $1,751
    All other loans & leases $2,256
    Loans to foreign governments and official institutions $0
    Other loans $1,673
    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 $184
    Non 1-4 family restructured loans & leases $13
    Total loans and leases (foreign) $0

    Greenfield Banking Company had $383,216,000 of loans outstanding in 2021. $345,701,000 of loans were in real estate loans. $35,162,000 of loans were in development loans. $21,830,000 of loans were in multifamily mortgage loans. $95,255,000 of loans were in 1-4 family mortgage loans. $8,681,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,534,000 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 145 $34,328 $236,745
    Nonfarm, nonresidential loans - <$100k 30 $1,219 $40,633
    Nonfarm, nonresidential loans - $100-250k 43 $5,050 $117,442
    Nonfarm, nonresidential loans - $250k-1MM 72 $28,059 $389,708
    Commercial & Industrial, US addressed loans - <$1MM 244 $13,681 $56,070
    Commercial & Industrial, US addressed loans - <$100k 174 $3,486 $20,034
    Commercial & Industrial, US addressed loans - $100-250k 39 $3,685 $94,487
    Commercial & Industrial, US addressed loans - $250k-1MM 31 $6,510 $210,000
    Farmland loans - <$1MM 40 $4,363 $109,075
    Farmland loans - <$100k 15 $574 $38,267
    Farmland loans - $100-250k 18 $1,723 $95,722
    Farmland loans - $250k-1MM 7 $2,066 $295,143
    Agriculture operations loans - <$1MM 85 $3,160 $37,176
    Agriculture operations loans - <$100k 68 $1,393 $20,485
    Agriculture operations loans - $100-250k 11 $1,008 $91,636
    Agriculture operations loans - $250k-1MM 6 $759 $126,500