Guaranty Bank Mortgage Rates, Fees & Info

Springfield, MO

LEI: 549300M30GL2Z6BZD736

Tax ID: 43-1720231

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

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Mortgage Data

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

    Guaranty Bank is a smaller bank specializing in Home Purchase and Refi loans. Guaranty Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Springfield, Joplin, Enid, Pittsburg, and Branson among others. We have data for 16 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Guaranty 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. Guaranty 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.

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    Originations

    758

    Origination Dollar Volume (All Markets)

    $129,760,000

    Employee count

    219 Show all (11) awards

    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
    SPRINGFIELD, MO (FHA|USDA|VA) 483 $86,045,000 $178,147 $2,973 4.94%
    JOPLIN, MO (FHA|USDA|VA) 191 $27,625,000 $144,634 $2,875 4.94%
    Outside of Metro Areas 58 $8,120,000 $140,000 $2,865 5.07%
    ENID, OK (FHA|USDA|VA) 1 $2,505,000 $2,505,000 $0 5.00%
    Pittsburg, KS (FHA|USDA|VA) 1 $2,185,000 $2,185,000 $0 5.88%
    Branson, MO (FHA|USDA|VA) 9 $935,000 $103,889 $2,899 6.74%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 4 $850,000 $212,500 $2,539 4.81%
    Fort Leonard Wood, MO (FHA|USDA|VA) 1 $385,000 $385,000 $0 6.00%
    JEFFERSON CITY, MO (FHA|USDA|VA) 1 $225,000 $225,000 $1,780 4.88%
    Poplar Bluff, MO (FHA|USDA|VA) 1 $155,000 $155,000 $3,872 4.63%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $145,000 $145,000 $0 5.50%
    CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 1 $135,000 $135,000 $3,607 4.88%
    ALBUQUERQUE, NM (FHA|USDA|VA) 1 $125,000 $125,000 $2,755 5.50%
    Warrensburg, MO (FHA|USDA|VA) 1 $125,000 $125,000 $1,637 4.63%
    West Plains, MO (FHA|USDA|VA) 3 $115,000 $38,333 $0 6.13%
    Traverse City, MI (FHA|USDA|VA) 1 $85,000 $85,000 $1,802 4.75%
    Guaranty Bank's top markets include Springfield, Joplin, Enid, Pittsburg, and Branson among others.

    Their top states include:
  • Missouri (FHA|USDA|VA)
  • Kansas (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)
  • New Mexico (FHA|USDA|VA)

    • Similar Lenders

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

    Southwest Missouri Bank
    Similarity Rank: 144
    ASSEMBLIES OF GOD Credit Union
    Similarity Rank: 720
    Pinnacle Bank
    Similarity Rank: 798
    Central Bank of The Ozarks
    Similarity Rank: 1040
    Guaranty Bank
    Similarity Rank: 1280
    Associated Bank
    Similarity Rank: 1300
    The Bank of Missouri
    Similarity Rank: 1311
    Southern Bank
    Similarity Rank: 1716
    Premier Home Mortgage Inc.
    Similarity Rank: 1920
    Capitol Federal Savings Bank
    Similarity Rank: 2272

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 535 $100,965,000 $188,720 $2,153 5.12%
    FHA 116 $14,530,000 $125,259 $4,203 4.65%
    USDA 61 $6,725,000 $110,246 $3,248 4.75%
    VA 46 $7,540,000 $163,913 $4,096 4.55%

    For 2018, Guaranty Bank's most frequently originated type of loan was Conventional, with 535 originations. Their 2nd most popular type was FHA, with 116 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 543 $80,225,000 $147,744 $3,103 4.83%
    Refi 199 $47,595,000 $239,171 $2,249 5.37%
    Cash Out Refi 10 $1,670,000 $167,000 $2,198 4.55%
    Home Improvement 3 $125,000 $41,667 $1,561 5.80%
    Other 3 $145,000 $48,333 $596 7.42%

    For 2018, Guaranty Bank's most frequently cited loan purpose was Home Purchase, with 543 originations. The 2nd most popular reason was Refi, with 199 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 494 $73,200,000 $148,178 $3,054 4.69%
    3 Year 78 $11,320,000 $145,128 $0 5.70%
    Other 70 $26,270,000 $375,286 $1,297 5.58%
    5 Year 49 $8,905,000 $181,735 $0 5.75%
    15 Year 30 $4,620,000 $154,000 $2,264 4.14%
    10 Year 16 $1,560,000 $97,500 $733 6.06%
    1 Year 12 $2,770,000 $230,833 $0 6.90%
    20 Year 9 $1,115,000 $123,889 $2,041 4.35%

    For 2018, Guaranty Bank's most frequently cited loan duration was 30 Year, with 494 originations. The 2nd most popular length was 3 Year, with 78 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 468 $70,770,000 $151,218
    $1k-2k 28 $3,600,000 $128,571
    $2k-3k 9 $1,525,000 $169,444
    $3k-4k 2 $650,000 $325,000
    $5k+ 1 $305,000 $305,000

    Guaranty Bank's average total fees were $3,054, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 468 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 416 $76,240,000 $183,269
    5-6% 244 $37,130,000 $152,172
    3-4% 35 $6,365,000 $181,857
    6-7% 32 $3,020,000 $94,375
    2.5-3% 20 $5,930,000 $296,500
    Over 8% 7 $515,000 $73,571
    7-8% 4 $560,000 $140,000

    During 2018, Guaranty Bank's average interest rate for loans was 4.69%, while their most frequently originated rate bucket for loans was 4-5%, with 416 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 332 $46,850,000 $141,114 $3,082 4.82%
    $100,000 or less 288 $19,260,000 $66,875 $2,431 5.31%
    $200k-400k 108 $27,830,000 $257,685 $3,157 4.64%
    $400k-600k 14 $6,320,000 $451,429 $3,728 4.60%
    $1MM+ 9 $24,215,000 $2,690,556 $7,375 4.99%
    $600k-1MM 7 $5,285,000 $755,000 $0 5.07%

    2018 saw Guaranty Bank place emphasis on $100k-200k loans with 332 originations, totaling $46,850,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 232 $22,920,000 $98,793 $2,989 4.81%
    $50k-75k 150 $20,740,000 $138,267 $2,992 4.77%
    $75k-100k 71 $11,145,000 $156,972 $2,857 4.78%
    $100k-150k 68 $12,430,000 $182,794 $3,015 4.99%
    $150k-250k 37 $6,985,000 $188,784 $2,243 5.27%
    $250k+ 24 $5,020,000 $209,167 $3,452 5.00%

    Guaranty Bank lent most frequently to those with incomes in the $50k or less range, with 232 originations. The second most popular income band? $50k-75k, with 150 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 106 $13,760,000 $129,811 $2,777 4.59%
    30-36% 97 $12,175,000 $125,515 $2,796 4.80%
    <20% 44 $7,990,000 $181,591 $2,238 4.63%
    50-60% 37 $5,305,000 $143,378 $4,036 4.66%
    45% 29 $4,685,000 $161,552 $3,032 4.61%
    40% 27 $4,235,000 $156,852 $3,476 4.81%
    41% 23 $4,175,000 $181,522 $3,547 4.51%
    36% 23 $3,305,000 $143,696 $2,898 4.55%
    46% 20 $2,900,000 $145,000 $2,901 4.90%
    37% 19 $3,155,000 $166,053 $2,904 4.65%
    42% 18 $2,650,000 $147,222 $3,086 4.98%
    43% 18 $2,520,000 $140,000 $2,682 4.70%
    38% 17 $2,035,000 $119,706 $2,927 4.98%
    39% 16 $2,120,000 $132,500 $2,849 4.78%
    44% 16 $2,600,000 $162,500 $2,270 4.67%
    47% 15 $2,775,000 $185,000 $2,901 4.86%
    49% 14 $2,070,000 $147,857 $2,729 4.41%
    48% 8 $1,030,000 $128,750 $3,283 4.83%
    >60% 6 $1,000,000 $166,667 $2,701 4.83%

    Guaranty Bank lent most frequently to those with DTI ratios of 20-30%, with 106 originations. The next most common DTI ratio? 30-36%, with 97 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 597 $86,095,000 $144,213 $2,922 4.83%
    Not applicable 142 $40,910,000 $288,099 $0 5.65%
    Asian 7 $1,245,000 $177,857 $3,411 4.41%
    American Indian 6 $770,000 $128,333 $3,325 4.75%
    Black 2 $350,000 $175,000 $3,391 5.44%
    Not provided 2 $250,000 $125,000 $100 6.81%
    Other Pacific Islander 1 $85,000 $85,000 $3,377 4.50%
    Native Hawaiian or Islander 1 $55,000 $55,000 $1,729 4.38%

    Approval Rates

    Total approvals of all applications
    92.94%

    Guaranty Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.79%

    Guaranty Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 758 $129,760,000 $171,187

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 4 $2,520,000 $630,000
    Multifamily:Site-Built 23 $27,885,000 $1,212,391
    Single Family (1-4 Units):Manufactured 5 $425,000 $85,000
    Single Family (1-4 Units):Site-Built 726 $98,930,000 $136,267

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 28 $4,290,000 $153,214 $1,907 5.15%
    40-60% 59 $8,595,000 $145,678 $2,174 5.26%
    60-80% 241 $43,915,000 $182,220 $2,362 5.16%
    80-100% 390 $68,500,000 $175,641 $3,150 4.73%
    Over 100% 23 $3,405,000 $148,043 $4,497 4.70%
    Under 20% 16 $960,000 $60,000 $80 7.41%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    GUARANTEED RATE INC. VA mortgage Trouble during payment process 1 4.0%
    GUARANTEED RATE INC. Other type of mortgage Struggling to pay mortgage 1 4.0%
    GUARANTEED RATE INC. VA mortgage Applying for a mortgage or refinancing an existing mortgage 2 8.0%
    GUARANTEED RATE INC. VA mortgage Closing on a mortgage 2 8.0%
    GUARANTEED RATE INC. VA mortgage Struggling to pay mortgage 1 4.0%
    GUARANTEED RATE INC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 4 16.0%
    GUARANTEED RATE INC. Conventional home mortgage Closing on a mortgage 7 28.0%
    GUARANTEED RATE INC. Conventional home mortgage Trouble during payment process 2 8.0%
    GUARANTEED RATE INC. FHA mortgage Applying for a mortgage or refinancing an existing mortgage 2 8.0%
    GUARANTEED RATE INC. FHA mortgage Struggling to pay mortgage 1 4.0%
    GUARANTEED RATE INC. Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 2 8.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Guaranty Bank 1285 South Neosho Boulevard Neosho, MO 64850 Full Service B&M $24,100
    Guaranty Bank 1341 W Battlefield Springfield, MO 65807 Full Service B&M $209,390
    Guaranty Bank 1429 East 32nd Street Joplin, MO 64804 Full Service B&M $28,093
    Guaranty Bank 1510 East Sunshine Springfield, MO 65804 Full Service B&M $41,084
    Guaranty Bank 1701 West State Highway J Ozark, MO 65721 Full Service B&M $61,267
    Guaranty Bank 1909 West Kearney Springfield, MO 65803 Full Service B&M $22,784
    Guaranty Bank 1936 Range Line Road Suite A Joplin, MO 64804 Full Service B&M $6,090
    Guaranty Bank 2109 North Glenstone Springfield, MO 65803 Full Service B&M $40,040
    Guaranty Bank 21196 U.S. Highway 71 Pineville, MO 64856 Full Service B&M $5,001
    Guaranty Bank 2144 E. Republic Road, Suite F200 Springfield, MO 65804 Full Service B&M $144,048
    Guaranty Bank 2155 West Republic Road Ste 100 Springfield, MO 65807 Full Service B&M $17,572
    Guaranty Bank 2435 Fairlawn Drive Carthage, MO 64836 Full Service B&M $9,274
    Guaranty Bank 291 East Highway Cc Nixa, MO 65714 Full Service B&M $11,007
    Guaranty Bank 3016 South Mcclelland Boulevard Joplin, MO 64804 Full Service B&M $4,612
    Guaranty Bank 312 West Central Carthage, MO 64836 Full Service B&M $71,249
    Guaranty Bank 4343 South National Avenue Springfield, MO 65810 Full Service B&M $45,391
    Guaranty Bank 709 West Mount Vernon Street Nixa, MO 65714 Full Service B&M $19,818
    Guaranty Bank 901 Hwy D Oronogo, MO 64855 Full Service B&M $6,459

    For 2018, Guaranty Bank had 18 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $41,857
    Net interest income $33,206
    Total noninterest income $6,335
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,695
    Trading account gains and fees $0
    Additional Noninterest Income $4,640
    Pre-tax net operating income $13,878
    Securities gains (or losses, -) $-8
    Income before extraordinary items $10,751
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $10,751
    Minority interest net income $0
    Net income $10,751
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $10,757

    Guaranty Bank's gross interest income from loans was $41,857,000.
    Guaranty Bank's net interest income from loans was $33,206,000.
    Guaranty Bank's fee based income from loans was $1,695,000.
    Guaranty Bank's net income from loans was $10,751,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $8,651
    Provision for credit losses $1,225
    Total noninterest expense $24,438
    Salaries and employee benefits $13,503
    Premises and equipment expense $3,510
    Additional noninterest expense $7,425
    Applicable income taxes $3,119
    Net charge-offs $337
    Cash dividends $14,000

    Guaranty Bank's interest expense for loans was $8,651,000.
    Guaranty Bank's payroll and benefits expense were $13,503,000.
    Guaranty Bank's property, plant and equipment expenses $3,510,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 4.0%
    Nonfarm, nonresidential loans 1.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 2.0%
    HELOC loans 0.0%
    All other family 3.0%
    Commercial & industrial loans 1.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $751,941
    Deposits held in domestic offices $751,941
    Deposits by Individuals, partnerships, and corporations $636,642
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $100,011
    Deposits by Commercial banks and other depository institutions in U.S. $15,287
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $93,158
    Demand deposits $69,787
    Nontransaction accounts $658,782
    Money market deposit accounts (MMDAs) $168,845
    Other savings deposits (excluding MMDAs) $257,406
    Total time deposits $232,531
    Total time and savings deposits $682,153
    Noninterest-bearing deposits $145,319
    Interest-bearing deposits $606,622
    Retail deposits $662,754
    IRAs and Keogh plan accounts $24,010
    Brokered deposits $64,032
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $964,540
    Cash & Balances due from depository institutions $34,916
    Interest-bearing balances $28,553
    Total securities $86,278
    Federal funds sold & reverse repurchase $0
    Net loans and leases $779,816
    Loan and leases loss allowance $7,995
    Trading account assets $0
    Bank premises and fixed assets $19,547
    Other real estate owned $1,127
    Goodwill and other intangibles $4,416
    All other assets $38,440

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $964,540
    Total Liabilities $859,753
    Total deposits $751,941
    Interest-bearing deposits $606,622
    Deposits held in domestic offices $751,941
    % insured (estimated) $73
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $105,300
    Subordinated debt $0
    All other liabilities $2,512

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $779,816
    Loan and leases loss allowance $7,995
    Total loans and leases (domestic) $787,811
    All real estate loans $657,967
    Real estate loans in domestic offices $657,967
    Construction and development loans $88,554
    Residential 1-4 family construction $21,926
    Other construction, all land development and other land $66,628
    Loans secured by nonfarm nonresidential properties $277,839
    Nonfarm nonresidential secured by owner-occupied properties $125,841
    Commercial real estate & other non-farm, non-residential $151,998
    Multifamily residential real estate $90,548
    1-4 family residential loans $155,943
    Farmland loans $45,083
    Loans held in foreign offices $0
    Farm loans $6,257
    Commercial and industrial loans $110,551
    To non-U.S. addressees $0
    Loans to individuals $7,968
    Credit card loans $0
    Related Plans $343
    Consumer Auto Loans $3,761
    Other loans to individuals $3,864
    All other loans & leases $5,669
    Loans to foreign governments and official institutions $0
    Other loans $5,452
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $24,326
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $5,347
    Non 1-4 family restructured loans & leases $5,347
    Total loans and leases (foreign) $0

    Guaranty Bank had $779,816,000 of loans outstanding in 2018. $657,967,000 of loans were in real estate loans. $88,554,000 of loans were in development loans. $90,548,000 of loans were in multifamily mortgage loans. $155,943,000 of loans were in 1-4 family mortgage loans. $6,257,000 of loans were in farm loans. $0 of loans were in credit card loans. $3,761,000 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 272 $69,794 $256,596
    Nonfarm, nonresidential loans - <$100k 47 $2,552 $54,298
    Nonfarm, nonresidential loans - $100-250k 86 $12,354 $143,651
    Nonfarm, nonresidential loans - $250k-1MM 139 $54,888 $394,878
    Commercial & Industrial, US addressed loans - <$1MM 459 $49,352 $107,521
    Commercial & Industrial, US addressed loans - <$100k 308 $9,557 $31,029
    Commercial & Industrial, US addressed loans - $100-250k 71 $8,380 $118,028
    Commercial & Industrial, US addressed loans - $250k-1MM 80 $31,415 $392,688
    Farmland loans - <$1MM 160 $18,999 $118,744
    Farmland loans - <$100k 69 $3,319 $48,101
    Farmland loans - $100-250k 66 $8,947 $135,561
    Farmland loans - $250k-1MM 25 $6,733 $269,320
    Agriculture operations loans - <$1MM 88 $4,607 $52,352
    Agriculture operations loans - <$100k 70 $1,678 $23,971
    Agriculture operations loans - $100-250k 13 $1,225 $94,231
    Agriculture operations loans - $250k-1MM 5 $1,704 $340,800