Bank Of Dade Mortgage Rates, Fees & Info

Trenton, GA

LEI: 549300PQYQDOLH45NU80

Tax ID: 58-0657039

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Mortgage Data

Bank Data

Review & Overview

Bank Of Dade is a smaller bank specializing in Home Purchase and Refi loans. Bank Of Dade has a high proportion of conventional loans. Their top markets by origination volume include: Chattanooga, Fort Payne, Scottsboro, and Dalton among others. We have data for 4 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. They have a below average pick rate when compared to similar lenders.

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Originations

84

Origination Dollar Volume (All Markets)

$8,680,000

Employee count

34

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) 57 $5,325,000 $93,421 $0 0.00%
Fort Payne, AL (FHA|USDA|VA) 20 $2,490,000 $124,500 $0 0.00%
Scottsboro, AL (FHA|USDA|VA) 6 $830,000 $138,333 $0 0.00%
DALTON, GA (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
Bank Of Dade's top markets include Chattanooga, Fort Payne, Scottsboro, and Dalton 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 84 $8,680,000 $103,333 $0 0.00%

    For 2020, Bank Of Dade's most frequently originated type of loan was Conventional, with 84 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 44 $5,170,000 $117,500 $0 0.00%
    Refi 33 $3,115,000 $94,394 $0 0.00%
    Home Improvement 5 $305,000 $61,000 $0 0.00%
    Other 2 $90,000 $45,000 $0 0.00%

    For 2020, Bank Of Dade's most frequently cited loan purpose was Home Purchase, with 44 originations. The 2nd most popular reason was Refi, with 33 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 84 $8,680,000 $103,333 $0 0.00%

    For 2020, Bank Of Dade's most frequently cited loan duration was Other, with 84 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 50 $2,460,000 $49,200 $0 0.00%
    $100k-200k 22 $3,080,000 $140,000 $0 0.00%
    $200k-400k 12 $3,140,000 $261,667 $0 0.00%

    2020 saw Bank Of Dade place emphasis on $100,000 or less loans with 50 originations, totaling $2,460,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 25 $1,965,000 $78,600 $0 0.00%
    $50k-75k 21 $1,195,000 $56,905 $0 0.00%
    $100k-150k 15 $2,285,000 $152,333 $0 0.00%
    $75k-100k 13 $1,545,000 $118,846 $0 0.00%
    $150k-250k 3 $655,000 $218,333 $0 0.00%

    Bank Of Dade lent most frequently to those with incomes in the $50k or less range, with 25 originations. The second most popular income band? $50k-75k, with 21 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 84 $8,680,000 $103,333 $0 0.00%

    Bank Of Dade lent most frequently to those with DTI ratios of Exempt%, with 84 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 83 $8,575,000 $103,313 $0 0.00%
    Not applicable 1 $105,000 $105,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    88.29%

    Bank Of Dade has an average approval rate.

    Pick Rate

    Approvals leading to origination
    83.33%

    Bank Of Dade has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 84 $8,680,000 $103,333

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $395,000 $395,000
    Single Family (1-4 Units):Manufactured 20 $820,000 $41,000
    Single Family (1-4 Units):Site-Built 63 $7,465,000 $118,492

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    BANK OF THE WEST Conventional home mortgage Incorrect information on your report 1 3.8%
    BANK OF THE WEST Conventional home mortgage Closing on a mortgage 2 7.7%
    BANK OF THE WEST Other type of mortgage Trouble during payment process 4 15.4%
    BANK OF THE WEST Other type of mortgage Struggling to pay mortgage 2 7.7%
    BANK OF THE WEST Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 3.8%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Trouble during payment process 6 23.1%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Struggling to pay mortgage 1 3.8%
    BANK OF THE WEST Home equity loan or line of credit (HELOC) Closing on a mortgage 2 7.7%
    BANK OF THE WEST Conventional home mortgage Trouble during payment process 4 15.4%
    BANK OF THE WEST Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 7.7%
    BANK OF THE WEST Conventional home mortgage Struggling to pay mortgage 1 3.8%

    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 $110,473
    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 2020, Bank Of Dade had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $4,672
    Net interest income $4,377
    Total noninterest income $539
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $214
    Trading account gains and fees $0
    Additional Noninterest Income $325
    Pre-tax net operating income $1,942
    Securities gains (or losses, -) $107
    Income before extraordinary items $2,049
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,049
    Minority interest net income $0
    Net income $2,049
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,942

    Bank Of Dade's gross interest income from loans was $4,672,000.
    Bank Of Dade's net interest income from loans was $4,377,000.
    Bank Of Dade's fee based income from loans was $214,000.
    Bank Of Dade's net income from loans was $2,049,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $295
    Provision for credit losses $0
    Total noninterest expense $2,974
    Salaries and employee benefits $1,985
    Premises and equipment expense $233
    Additional noninterest expense $756
    Applicable income taxes $0
    Net charge-offs $5
    Cash dividends $1,614

    Bank Of Dade's interest expense for loans was $295,000.
    Bank Of Dade's payroll and benefits expense were $1,985,000.
    Bank Of Dade's property, plant and equipment expenses $233,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 2.0%
    Construction & Land Development loans 1.0%
    Nonfarm, nonresidential loans 2.0%
    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 1.0%
    Credit card loans 0.0%
    Other individual loans 1.0%
    Auto loans 0.0%
    Other consumer loans 1.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $113,787
    Deposits held in domestic offices $113,787
    Deposits by Individuals, partnerships, and corporations $97,188
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $16,599
    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 $56,554
    Demand deposits $29,497
    Nontransaction accounts $57,233
    Money market deposit accounts (MMDAs) $6,463
    Other savings deposits (excluding MMDAs) $27,573
    Total time deposits $23,197
    Total time and savings deposits $84,290
    Noninterest-bearing deposits $29,497
    Interest-bearing deposits $84,290
    Retail deposits $112,664
    IRAs and Keogh plan accounts $5,790
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $129,151
    Cash & Balances due from depository institutions $8,983
    Interest-bearing balances $6,553
    Total securities $65,246
    Federal funds sold & reverse repurchase $909
    Net loans and leases $52,162
    Loan and leases loss allowance $738
    Trading account assets $0
    Bank premises and fixed assets $907
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $944

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $129,151
    Total Liabilities $114,056
    Total deposits $113,787
    Interest-bearing deposits $84,290
    Deposits held in domestic offices $113,787
    % insured (estimated) $81
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $269

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $52,162
    Loan and leases loss allowance $738
    Total loans and leases (domestic) $52,900
    All real estate loans $46,172
    Real estate loans in domestic offices $46,172
    Construction and development loans $4,275
    Residential 1-4 family construction $1,390
    Other construction, all land development and other land $2,885
    Loans secured by nonfarm nonresidential properties $8,313
    Nonfarm nonresidential secured by owner-occupied properties $5,972
    Commercial real estate & other non-farm, non-residential $2,341
    Multifamily residential real estate $0
    1-4 family residential loans $30,129
    Farmland loans $3,455
    Loans held in foreign offices $0
    Farm loans $20
    Commercial and industrial loans $1,345
    To non-U.S. addressees $0
    Loans to individuals $5,155
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $2,117
    Other loans to individuals $3,038
    All other loans & leases $208
    Loans to foreign governments and official institutions $0
    Other loans $17
    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 $60
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Bank of Dade had $52,162,000 of loans outstanding in 2020. $46,172,000 of loans were in real estate loans. $4,275,000 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $30,129,000 of loans were in 1-4 family mortgage loans. $20,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,117,000 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 55 $7,364 $133,891
    Nonfarm, nonresidential loans - <$100k 24 $704 $29,333
    Nonfarm, nonresidential loans - $100-250k 17 $1,702 $100,118
    Nonfarm, nonresidential loans - $250k-1MM 14 $4,958 $354,143
    Commercial & Industrial, US addressed loans - <$1MM 46 $1,345 $29,239
    Commercial & Industrial, US addressed loans - <$100k 43 $1,014 $23,581
    Commercial & Industrial, US addressed loans - $100-250k 3 $331 $110,333
    Farmland loans - <$1MM 26 $2,620 $100,769
    Farmland loans - <$100k 11 $304 $27,636
    Farmland loans - $100-250k 10 $1,020 $102,000
    Farmland loans - $250k-1MM 5 $1,296 $259,200
    Agriculture operations loans - <$1MM 1 $20 $20,000
    Agriculture operations loans - <$100k 1 $20 $20,000