Bank Of Dade Mortgage Rates, Fees & Info

Trenton, GA

LEI: 549300PQYQDOLH45NU80

Tax ID: 58-0657039

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Mortgage Data

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

    Bank Of Dade is a smaller bank specializing in Cash Out Refi and Home Purchase loans. Bank Of Dade has a high proportion of conventional loans. Their top markets by origination volume include: Chattanooga, Scottsboro, and Fort Payne among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Bank Of Dade has an average approval rate when compared to the average across all 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.

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    Originations

    17

    Origination Dollar Volume (All Markets)

    $1,435,000

    Employee count

    36

    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
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 12 $960,000 $80,000 $0 0.00%
    Scottsboro, AL (FHA|USDA|VA) 2 $250,000 $125,000 $0 0.00%
    Fort Payne, AL (FHA|USDA|VA) 3 $225,000 $75,000 $0 0.00%
    Bank Of Dade's top markets include Chattanooga, Scottsboro, and Fort Payne among others.

    Their top states include:
  • Georgia (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 17 $1,435,000 $84,412 $0 0.00%

    For 2018, Bank Of Dade's most frequently originated type of loan was Conventional, with 17 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 6 $440,000 $73,333 $0 0.00%
    Home Purchase 5 $555,000 $111,000 $0 0.00%
    Home Improvement 3 $215,000 $71,667 $0 0.00%
    Refi 2 $160,000 $80,000 $0 0.00%
    Other 1 $65,000 $65,000 $0 0.00%

    For 2018, Bank Of Dade's most frequently cited loan purpose was Cash Out Refi, with 6 originations. The 2nd most popular reason was Home Purchase, with 5 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 17 $1,435,000 $84,412 $0 0.00%

    For 2018, Bank Of Dade's most frequently cited loan duration was Other, with 17 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 13 $765,000 $58,846 $0 0.00%
    $100k-200k 4 $670,000 $167,500 $0 0.00%

    2018 saw Bank Of Dade place emphasis on $100,000 or less loans with 13 originations, totaling $765,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 7 $365,000 $52,143 $0 0.00%
    $100k-150k 4 $540,000 $135,000 $0 0.00%
    $50k-75k 3 $295,000 $98,333 $0 0.00%
    $75k-100k 2 $170,000 $85,000 $0 0.00%

    Bank Of Dade lent most frequently to those with incomes in the $50k or less range, with 7 originations. The second most popular income band? $100k-150k, with 4 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 17 $1,435,000 $84,412 $0 0.00%

    Bank Of Dade lent most frequently to those with DTI ratios of Exempt%, with 17 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 17 $1,435,000 $84,412 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.47%

    Bank Of Dade has an average approval rate.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 17 $1,435,000 $84,412

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 4 $140,000 $35,000
    Single Family (1-4 Units):Site-Built 13 $1,295,000 $99,615

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    BANK OF THE WEST Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 4 14.8%
    BANK OF THE WEST VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 3.7%
    BANK OF THE WEST Other type of mortgage Trouble during payment process 3 11.1%
    BANK OF THE WEST Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 3.7%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Trouble during payment process 5 18.5%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Struggling to pay mortgage 1 3.7%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Incorrect information on your report 2 7.4%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Closing on a mortgage 1 3.7%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 4 14.8%
    BANK OF THE WEST FHA mortgage Closing on a mortgage 1 3.7%
    BANK OF THE WEST Conventional home mortgage Trouble during payment process 1 3.7%
    BANK OF THE WEST Conventional home mortgage Struggling to pay mortgage 1 3.7%
    BANK OF THE WEST Conventional home mortgage Closing on a mortgage 2 7.4%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Bank of Dade 12634 North Main Street Trenton, GA 30752 Full Service B&M $95,051
    Bank of Dade 12660 North Main Street Trenton, GA 30752 Limited, Drive-thru $0
    Bank of Dade 4995 Hwy 136 West Trenton, GA 30752 Limited, Drive-thru $0

    For 2018, Bank Of Dade had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $4,292
    Net interest income $4,081
    Total noninterest income $504
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $252
    Trading account gains and fees $0
    Additional Noninterest Income $252
    Pre-tax net operating income $1,950
    Securities gains (or losses, -) $20
    Income before extraordinary items $1,970
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,970
    Minority interest net income $0
    Net income $1,970
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,950

    Bank Of Dade's gross interest income from loans was $4,292,000.
    Bank Of Dade's net interest income from loans was $4,081,000.
    Bank Of Dade's fee based income from loans was $252,000.
    Bank Of Dade's net income from loans was $1,970,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $211
    Provision for credit losses $-379
    Total noninterest expense $3,014
    Salaries and employee benefits $1,906
    Premises and equipment expense $303
    Additional noninterest expense $805
    Applicable income taxes $0
    Net charge-offs $-293
    Cash dividends $1,632

    Bank Of Dade's interest expense for loans was $211,000.
    Bank Of Dade's payroll and benefits expense were $1,906,000.
    Bank Of Dade's property, plant and equipment expenses $303,000.

    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 0.0%
    Nonfarm, nonresidential loans 4.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 2.0%
    HELOC loans 0.0%
    All other family 2.0%
    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 $97,578
    Deposits held in domestic offices $97,578
    Deposits by Individuals, partnerships, and corporations $82,327
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $15,251
    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 $45,984
    Demand deposits $21,704
    Nontransaction accounts $51,594
    Money market deposit accounts (MMDAs) $9,121
    Other savings deposits (excluding MMDAs) $22,940
    Total time deposits $19,533
    Total time and savings deposits $75,874
    Noninterest-bearing deposits $21,704
    Interest-bearing deposits $75,874
    Retail deposits $96,514
    IRAs and Keogh plan accounts $6,548
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $108,885
    Cash & Balances due from depository institutions $3,694
    Interest-bearing balances $1,294
    Total securities $49,281
    Federal funds sold & reverse repurchase $4,175
    Net loans and leases $49,891
    Loan and leases loss allowance $499
    Trading account assets $0
    Bank premises and fixed assets $914
    Other real estate owned $171
    Goodwill and other intangibles $0
    All other assets $759

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $108,885
    Total Liabilities $97,994
    Total deposits $97,578
    Interest-bearing deposits $75,874
    Deposits held in domestic offices $97,578
    % insured (estimated) $79
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $416

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $49,891
    Loan and leases loss allowance $499
    Total loans and leases (domestic) $50,390
    All real estate loans $43,159
    Real estate loans in domestic offices $43,159
    Construction and development loans $4,984
    Residential 1-4 family construction $1,996
    Other construction, all land development and other land $2,988
    Loans secured by nonfarm nonresidential properties $7,068
    Nonfarm nonresidential secured by owner-occupied properties $4,949
    Commercial real estate & other non-farm, non-residential $2,119
    Multifamily residential real estate $105
    1-4 family residential loans $26,479
    Farmland loans $4,523
    Loans held in foreign offices $0
    Farm loans $58
    Commercial and industrial loans $1,339
    To non-U.S. addressees $0
    Loans to individuals $5,546
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $2,025
    Other loans to individuals $3,521
    All other loans & leases $288
    Loans to foreign governments and official institutions $0
    Other loans $20
    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 $111
    Non 1-4 family restructured loans & leases $1
    Total loans and leases (foreign) $0

    Bank of Dade had $49,891,000 of loans outstanding in 2018. $43,159,000 of loans were in real estate loans. $4,984,000 of loans were in development loans. $105,000 of loans were in multifamily mortgage loans. $26,479,000 of loans were in 1-4 family mortgage loans. $58,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,025,000 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 57 $6,064 $106,386
    Nonfarm, nonresidential loans - <$100k 27 $705 $26,111
    Nonfarm, nonresidential loans - $100-250k 17 $1,894 $111,412
    Nonfarm, nonresidential loans - $250k-1MM 13 $3,465 $266,538
    Commercial & Industrial, US addressed loans - <$1MM 61 $1,339 $21,951
    Commercial & Industrial, US addressed loans - <$100k 58 $1,077 $18,569
    Commercial & Industrial, US addressed loans - $100-250k 3 $262 $87,333
    Farmland loans - <$1MM 36 $2,822 $78,389
    Farmland loans - <$100k 24 $732 $30,500
    Farmland loans - $100-250k 7 $659 $94,143
    Farmland loans - $250k-1MM 5 $1,431 $286,200
    Agriculture operations loans - <$1MM 2 $58 $29,000
    Agriculture operations loans - <$100k 2 $58 $29,000