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, Fayetteville, Tulsa, 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.

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

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    Originations

    743

    Origination Dollar Volume (All Markets)

    $126,965,000

    Employee count

    231 Show all (13) 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) 426 $68,730,000 $161,338 $2,965 4.61%
    JOPLIN, MO (FHA|USDA|VA) 219 $30,315,000 $138,425 $3,359 4.51%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 3 $13,565,000 $4,521,667 $2,063 4.67%
    Outside of Metro Areas 70 $6,890,000 $98,429 $2,920 4.69%
    TULSA, OK (FHA|USDA|VA) 2 $2,610,000 $1,305,000 $6,690 5.50%
    Branson, MO (FHA|USDA|VA) 6 $1,650,000 $275,000 $3,689 5.01%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 2 $910,000 $455,000 $0 6.19%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 3 $735,000 $245,000 $2,872 4.17%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 2 $470,000 $235,000 $6,266 4.81%
    Pittsburg, KS (FHA|USDA|VA) 4 $410,000 $102,500 $2,890 4.41%
    Lebanon, MO (FHA|USDA|VA) 1 $255,000 $255,000 $2,318 4.25%
    Fort Leonard Wood, MO (FHA|USDA|VA) 1 $115,000 $115,000 $3,795 3.38%
    Maryville, MO (FHA|USDA|VA) 1 $105,000 $105,000 $4,045 5.00%
    Mountain Home, AR (FHA|USDA|VA) 1 $85,000 $85,000 $0 5.50%
    TUSCALOOSA, AL (FHA|USDA|VA) 1 $75,000 $75,000 $0 5.12%
    Parsons, KS (FHA|USDA|VA) 1 $45,000 $45,000 $2,855 4.75%
    Guaranty Bank's top markets include Springfield, Joplin, Fayetteville, Tulsa, and Branson among others.

    Their top states include:
  • Missouri (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • Kansas (FHA|USDA|VA)
  • California (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: 176
    Community National Bank & Trust
    Similarity Rank: 442
    Pinnacle Bank
    Similarity Rank: 528
    The Bank of Missouri
    Similarity Rank: 1053
    Guaranty Bank
    Similarity Rank: 1408
    Southern Bank
    Similarity Rank: 1591
    Central Bank of The Ozarks
    Similarity Rank: 1680
    Capitol Federal Savings Bank
    Similarity Rank: 2280
    Associated Bank
    Similarity Rank: 2641
    Flanagan State Bank
    Similarity Rank: 2907

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 513 $95,125,000 $185,429 $2,260 4.84%
    FHA 116 $16,650,000 $143,534 $4,801 4.05%
    USDA 79 $9,255,000 $117,152 $3,538 4.14%
    VA 35 $5,935,000 $169,571 $3,392 3.87%

    For 2019, Guaranty Bank's most frequently originated type of loan was Conventional, with 513 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 497 $89,015,000 $179,105 $3,277 4.39%
    Refi 182 $29,330,000 $161,154 $2,517 5.22%
    Cash Out Refi 51 $7,705,000 $151,078 $2,712 4.23%
    Other 9 $665,000 $73,889 $1,582 5.01%
    Home Improvement 4 $250,000 $62,500 $2,163 5.88%

    For 2019, Guaranty Bank's most frequently cited loan purpose was Home Purchase, with 497 originations. The 2nd most popular reason was Refi, with 182 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 499 $74,455,000 $149,208 $3,193 4.16%
    3 Year 59 $10,685,000 $181,102 $0 6.05%
    Other 54 $10,100,000 $187,037 $100 6.01%
    15 Year 50 $7,900,000 $158,000 $2,484 3.93%
    5 Year 40 $17,340,000 $433,500 $0 6.07%
    10 Year 22 $3,730,000 $169,545 $1,879 5.28%
    20 Year 10 $1,840,000 $184,000 $2,313 4.65%
    1 Year 9 $915,000 $101,667 $0 6.00%

    For 2019, Guaranty Bank's most frequently cited loan duration was 30 Year, with 499 originations. The 2nd most popular length was 3 Year, with 59 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 477 $75,235,000 $157,725
    $1k-2k 25 $3,265,000 $130,600
    $2k-3k 10 $1,140,000 $114,000
    $3k-4k 2 $380,000 $190,000
    $4k-5k 1 $165,000 $165,000
    $5k+ 1 $395,000 $395,000

    Guaranty Bank's average total fees were $3,193, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 477 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 253 $36,945,000 $146,028
    3-4% 252 $40,130,000 $159,246
    5-6% 139 $38,035,000 $273,633
    6-7% 74 $7,810,000 $105,541
    2.5-3% 22 $3,940,000 $179,091
    7-8% 2 $90,000 $45,000
    Over 8% 1 $15,000 $15,000

    During 2019, Guaranty Bank's average interest rate for loans was 4.16%, while their most frequently originated rate bucket for loans was 4-5%, with 253 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 332 $47,820,000 $144,036 $3,216 4.34%
    $100,000 or less 270 $17,700,000 $65,556 $2,596 4.98%
    $200k-400k 115 $29,485,000 $256,391 $3,517 4.32%
    $400k-600k 13 $5,855,000 $450,385 $3,003 4.64%
    $600k-1MM 7 $5,425,000 $775,000 $3,045 5.19%
    $1MM+ 6 $20,680,000 $3,446,667 $6,690 5.67%

    2019 saw Guaranty Bank place emphasis on $100k-200k loans with 332 originations, totaling $47,820,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 228 $23,160,000 $101,579 $3,024 4.32%
    $50k-75k 161 $22,275,000 $138,354 $3,281 4.36%
    $75k-100k 75 $11,985,000 $159,800 $3,033 4.20%
    $100k-150k 73 $13,275,000 $181,849 $3,531 4.62%
    $150k-250k 30 $4,780,000 $159,333 $2,977 5.21%
    $250k+ 15 $6,885,000 $459,000 $3,290 4.89%

    Guaranty Bank lent most frequently to those with incomes in the $50k or less range, with 228 originations. The second most popular income band? $50k-75k, with 161 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 119 $16,945,000 $142,395 $2,921 4.19%
    20-30% 101 $13,155,000 $130,248 $2,882 4.17%
    <20% 40 $7,060,000 $176,500 $2,619 4.24%
    50-60% 35 $5,645,000 $161,286 $4,631 3.94%
    38% 31 $5,485,000 $176,935 $3,035 4.14%
    40% 25 $3,785,000 $151,400 $3,183 4.06%
    42% 22 $3,660,000 $166,364 $2,975 4.26%
    45% 21 $3,575,000 $170,238 $3,663 4.19%
    43% 21 $3,005,000 $143,095 $2,360 3.90%
    46% 18 $2,570,000 $142,778 $3,330 4.06%
    47% 18 $3,000,000 $166,667 $3,666 4.15%
    44% 18 $2,370,000 $131,667 $2,570 4.30%
    39% 17 $2,575,000 $151,471 $2,908 4.18%
    41% 17 $2,215,000 $130,294 $3,151 4.11%
    37% 16 $2,060,000 $128,750 $3,428 4.05%
    36% 14 $2,040,000 $145,714 $4,381 4.29%
    49% 10 $1,930,000 $193,000 $3,303 4.12%
    48% 8 $1,020,000 $127,500 $2,451 4.28%
    >60% 3 $605,000 $201,667 $2,407 5.34%

    Guaranty Bank lent most frequently to those with DTI ratios of 30-36%, with 119 originations. The next most common DTI ratio? 20-30%, with 101 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 615 $88,495,000 $143,894 $3,095 4.36%
    Not applicable 107 $35,365,000 $330,514 $0 5.87%
    Asian 5 $1,655,000 $331,000 $4,130 3.90%
    American Indian 5 $565,000 $113,000 $3,068 4.63%
    Black 4 $480,000 $120,000 $2,993 3.78%
    Not provided 7 $405,000 $57,857 $0 6.37%

    Approval Rates

    Total approvals of all applications
    92.33%

    Guaranty Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.54%

    Guaranty Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 743 $126,965,000 $170,882

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 2 $210,000 $105,000
    Multifamily:Site-Built 22 $24,940,000 $1,133,636
    Single Family (1-4 Units):Manufactured 12 $730,000 $60,833
    Single Family (1-4 Units):Site-Built 707 $101,085,000 $142,977

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 38 $8,550,000 $225,000 $1,996 5.25%
    40-60% 60 $6,560,000 $109,333 $2,641 4.90%
    60-80% 232 $34,990,000 $150,819 $2,362 4.95%
    80-100% 399 $75,155,000 $188,358 $3,425 4.25%
    Over 100% 3 $475,000 $158,333 $4,253 4.58%
    Under 20% 10 $1,120,000 $112,000 $1,131 6.15%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    GUARANTEED RATE INC. VA mortgage Trouble during payment process 1 2.8%
    GUARANTEED RATE INC. Other type of mortgage Closing on a mortgage 2 5.6%
    GUARANTEED RATE INC. Other type of mortgage Trouble during payment process 1 2.8%
    GUARANTEED RATE INC. VA mortgage Closing on a mortgage 1 2.8%
    GUARANTEED RATE INC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 4 11.1%
    GUARANTEED RATE INC. Conventional home mortgage Closing on a mortgage 7 19.4%
    GUARANTEED RATE INC. Conventional home mortgage Struggling to pay mortgage 1 2.8%
    GUARANTEED RATE INC. Conventional home mortgage Trouble during payment process 7 19.4%
    GUARANTEED RATE INC. FHA mortgage Applying for a mortgage or refinancing an existing mortgage 2 5.6%
    GUARANTEED RATE INC. FHA mortgage Closing on a mortgage 3 8.3%
    GUARANTEED RATE INC. FHA mortgage Struggling to pay mortgage 3 8.3%
    GUARANTEED RATE INC. FHA mortgage Trouble during payment process 3 8.3%
    GUARANTEED RATE INC. Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 2.8%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Guaranty Bank 1285 South Neosho Boulevard Neosho, MO 64850 Full Service B&M $29,197
    Guaranty Bank 1341 W Battlefield Springfield, MO 65807 Full Service B&M $183,115
    Guaranty Bank 1429 East 32nd Street Joplin, MO 64804 Full Service B&M $30,316
    Guaranty Bank 1510 East Sunshine Springfield, MO 65804 Full Service B&M $43,562
    Guaranty Bank 1701 West State Highway J Ozark, MO 65721 Full Service B&M $38,367
    Guaranty Bank 1909 West Kearney Springfield, MO 65803 Full Service B&M $24,537
    Guaranty Bank 1936 Range Line Road Suite A Joplin, MO 64804 Full Service B&M $6,800
    Guaranty Bank 2109 North Glenstone Springfield, MO 65803 Full Service B&M $40,702
    Guaranty Bank 2144 E. Republic Road, Suite F200 Springfield, MO 65804 Full Service B&M $212,109
    Guaranty Bank 2155 West Republic Road Ste 100, Suite 100 Springfield, MO 65807 Full Service B&M $18,245
    Guaranty Bank 2435 Fairlawn Drive Carthage, MO 64836 Full Service B&M $12,592
    Guaranty Bank 291 East Highway Cc Nixa, MO 65714 Full Service B&M $14,319
    Guaranty Bank 3016 South Mcclelland Boulevard Joplin, MO 64804 Full Service B&M $6,414
    Guaranty Bank 312 West Central Carthage, MO 64836 Full Service B&M $61,357
    Guaranty Bank 4343 South National Avenue Springfield, MO 65810 Full Service B&M $62,089
    Guaranty Bank 709 West Mount Vernon Street Nixa, MO 65714 Full Service B&M $20,777

    For 2019, Guaranty Bank had 16 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $45,218
    Net interest income $33,015
    Total noninterest income $7,053
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,692
    Trading account gains and fees $0
    Additional Noninterest Income $5,361
    Pre-tax net operating income $13,769
    Securities gains (or losses, -) $90
    Income before extraordinary items $11,454
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $11,454
    Minority interest net income $0
    Net income $11,454
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $11,379

    Guaranty Bank's gross interest income from loans was $45,218,000.
    Guaranty Bank's net interest income from loans was $33,015,000.
    Guaranty Bank's fee based income from loans was $1,692,000.
    Guaranty Bank's net income from loans was $11,454,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $12,203
    Provision for credit losses $200
    Total noninterest expense $26,099
    Salaries and employee benefits $15,211
    Premises and equipment expense $4,255
    Additional noninterest expense $6,633
    Applicable income taxes $2,405
    Net charge-offs $588
    Cash dividends $8,000

    Guaranty Bank's interest expense for loans was $12,203,000.
    Guaranty Bank's payroll and benefits expense were $15,211,000.
    Guaranty Bank's property, plant and equipment expenses $4,255,000.

    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 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    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 $823,399
    Deposits held in domestic offices $823,399
    Deposits by Individuals, partnerships, and corporations $678,327
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $136,610
    Deposits by Commercial banks and other depository institutions in U.S. $8,462
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $63,170
    Demand deposits $46,207
    Nontransaction accounts $760,229
    Money market deposit accounts (MMDAs) $209,473
    Other savings deposits (excluding MMDAs) $343,774
    Total time deposits $206,983
    Total time and savings deposits $777,192
    Noninterest-bearing deposits $209,166
    Interest-bearing deposits $614,233
    Retail deposits $770,745
    IRAs and Keogh plan accounts $25,037
    Brokered deposits $53,548
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,010,051
    Cash & Balances due from depository institutions $92,847
    Interest-bearing balances $87,008
    Total securities $118,245
    Federal funds sold & reverse repurchase $0
    Net loans and leases $723,519
    Loan and leases loss allowance $7,608
    Trading account assets $0
    Bank premises and fixed assets $28,279
    Other real estate owned $992
    Goodwill and other intangibles $3,763
    All other assets $42,406

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,010,051
    Total Liabilities $901,546
    Total deposits $823,399
    Interest-bearing deposits $614,233
    Deposits held in domestic offices $823,399
    % insured (estimated) $78
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $74,544
    Subordinated debt $0
    All other liabilities $3,603

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $723,519
    Loan and leases loss allowance $7,608
    Total loans and leases (domestic) $731,127
    All real estate loans $608,530
    Real estate loans in domestic offices $608,530
    Construction and development loans $77,309
    Residential 1-4 family construction $19,340
    Other construction, all land development and other land $57,969
    Loans secured by nonfarm nonresidential properties $265,618
    Nonfarm nonresidential secured by owner-occupied properties $115,451
    Commercial real estate & other non-farm, non-residential $150,167
    Multifamily residential real estate $87,448
    1-4 family residential loans $143,154
    Farmland loans $35,001
    Loans held in foreign offices $0
    Farm loans $6,937
    Commercial and industrial loans $106,958
    To non-U.S. addressees $0
    Loans to individuals $5,412
    Credit card loans $0
    Related Plans $231
    Consumer Auto Loans $3,338
    Other loans to individuals $1,843
    All other loans & leases $3,863
    Loans to foreign governments and official institutions $0
    Other loans $3,711
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $22,945
    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

    Guaranty Bank had $723,519,000 of loans outstanding in 2019. $608,530,000 of loans were in real estate loans. $77,309,000 of loans were in development loans. $87,448,000 of loans were in multifamily mortgage loans. $143,154,000 of loans were in 1-4 family mortgage loans. $6,937,000 of loans were in farm loans. $0 of loans were in credit card loans. $3,338,000 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 256 $62,276 $243,266
    Nonfarm, nonresidential loans - <$100k 48 $2,367 $49,313
    Nonfarm, nonresidential loans - $100-250k 88 $12,444 $141,409
    Nonfarm, nonresidential loans - $250k-1MM 120 $47,465 $395,542
    Commercial & Industrial, US addressed loans - <$1MM 452 $45,904 $101,558
    Commercial & Industrial, US addressed loans - <$100k 305 $9,489 $31,111
    Commercial & Industrial, US addressed loans - $100-250k 68 $7,208 $106,000
    Commercial & Industrial, US addressed loans - $250k-1MM 79 $29,207 $369,709
    Farmland loans - <$1MM 148 $17,358 $117,284
    Farmland loans - <$100k 62 $3,020 $48,710
    Farmland loans - $100-250k 64 $8,362 $130,656
    Farmland loans - $250k-1MM 22 $5,976 $271,636
    Agriculture operations loans - <$1MM 75 $3,887 $51,827
    Agriculture operations loans - <$100k 66 $1,509 $22,864
    Agriculture operations loans - $100-250k 4 $320 $80,000
    Agriculture operations loans - $250k-1MM 5 $2,058 $411,600