Generations Bank Mortgage Rates, Fees & Info

Rogers, AR

LEI: 549300QWJ3UDIX8KBP64

Tax ID: 71-0025780

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

    Generations Bank is a smaller bank specializing in Home Purchase loans. Generations Bank has a high proportion of conventional loans. Their top markets by origination volume include: Fayetteville, Fort Smith, Camden, Little Rock, and Joplin among others. We have data for 16 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Generations 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. Generations 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.48% 12/2/24
    30 Year Conventional Refi 6.29% 12/2/24
    30 Year Cash-out Refi 6.28% 12/2/24
    30 Year FHA Purchase 6.78% 12/2/24
    30 Year VA Refi 6.95% 12/2/24
    15 Year Conventional Purchase 6.02% 12/2/24
    15 Year Conventional Refi 5.72% 12/2/24
    15 Year Cash-out Refi 5.72% 12/2/24
    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.

    Generations Bank Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Generations Bank. 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

    357

    Origination Dollar Volume (All Markets)

    $75,225,000

    Employee count

    116

    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
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 220 $58,160,000 $264,364 $2,815 4.97%
    FORT SMITH, AR-OK (FHA|USDA|VA) 37 $5,335,000 $144,189 $1,104 5.57%
    Camden, AR (FHA|USDA|VA) 53 $4,855,000 $91,604 $1,308 5.86%
    Outside of Metro Areas 15 $3,125,000 $208,333 $2,299 5.04%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 7 $825,000 $117,857 $2,763 5.34%
    JOPLIN, MO (FHA|USDA|VA) 4 $610,000 $152,500 $0 5.94%
    HOT SPRINGS, AR (FHA|USDA|VA) 3 $475,000 $158,333 $2,068 5.50%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $385,000 $385,000 $5,926 4.63%
    El Dorado, AR (FHA|USDA|VA) 8 $330,000 $41,250 $773 5.46%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $285,000 $285,000 $0 4.75%
    ABILENE, TX (FHA|USDA|VA) 1 $215,000 $215,000 $3,489 4.50%
    WICHITA, KS (FHA|USDA|VA) 1 $155,000 $155,000 $4,508 4.50%
    MONROE, LA (FHA|USDA|VA) 3 $155,000 $51,667 $656 6.65%
    TULSA, OK (FHA|USDA|VA) 1 $135,000 $135,000 $3,504 4.25%
    Arkadelphia, AR (FHA|USDA|VA) 1 $125,000 $125,000 $462 5.00%
    Malvern, AR (FHA|USDA|VA) 1 $55,000 $55,000 $0 6.00%
    Generations Bank's top markets include Fayetteville, Fort Smith, Camden, Little Rock, and Joplin among others.

    Their top states include:
  • Arkansas (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)

    • Similar Lenders

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

    Citizens' Bank & Trust Co.
    Similarity Rank: 108
    Truity Federal Credit Union
    Similarity Rank: 533
    First Security Bank
    Similarity Rank: 693
    The First National Bank of Fort Smith
    Similarity Rank: 891
    Generations Bank
    Similarity Rank: 896
    Firstar Bank
    Similarity Rank: 952
    FIRST WESTERN MORTGAGE, INC.
    Similarity Rank: 996
    ARKANSAS Federal Credit Union
    Similarity Rank: 1053
    First National Bank
    Similarity Rank: 1102
    Equity Bank
    Similarity Rank: 1978

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 357 $75,225,000 $210,714 $2,397 5.21%

    For 2018, Generations Bank's most frequently originated type of loan was Conventional, with 357 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 238 $57,700,000 $242,437 $2,576 5.09%
    Cash Out Refi 68 $10,640,000 $156,471 $2,329 5.30%
    Refi 34 $4,550,000 $133,824 $1,939 5.51%
    Home Improvement 13 $1,855,000 $142,692 $1,128 5.91%
    Other 4 $480,000 $120,000 $1,411 5.98%

    For 2018, Generations Bank's most frequently cited loan purpose was Home Purchase, with 238 originations. The 2nd most popular reason was Cash Out Refi, with 68 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 143 $33,135,000 $231,713 $3,043 4.65%
    Other 111 $16,525,000 $148,874 $1,202 5.59%
    3 Year 67 $13,665,000 $203,955 $0 5.79%
    5 Year 18 $7,390,000 $410,556 $371 5.80%
    15 Year 10 $1,680,000 $168,000 $3,226 4.44%
    20 Year 7 $1,475,000 $210,714 $2,496 4.50%
    30+ year 1 $1,355,000 $1,355,000 $0 5.75%

    For 2018, Generations Bank's most frequently cited loan duration was 30 Year, with 143 originations. The 2nd most popular length was Other, with 111 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 177 $31,225,000 $176,412
    $1k-2k 33 $7,425,000 $225,000
    $2k-3k 15 $2,925,000 $195,000
    $3k-4k 8 $2,030,000 $253,750
    $4k-5k 4 $1,580,000 $395,000
    $5k+ 1 $455,000 $455,000

    Generations Bank's average total fees were $3,043, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 177 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 200 $41,460,000 $207,300
    5-6% 105 $28,035,000 $267,000
    6-7% 32 $2,920,000 $91,250
    7-8% 9 $625,000 $69,444
    3-4% 8 $2,120,000 $265,000
    Over 8% 3 $65,000 $21,667

    During 2018, Generations Bank's average interest rate for loans was 4.65%, while their most frequently originated rate bucket for loans was 4-5%, with 200 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 130 $19,730,000 $151,769 $2,536 5.10%
    $100,000 or less 104 $5,420,000 $52,115 $1,225 5.75%
    $200k-400k 92 $26,060,000 $283,261 $3,065 4.80%
    $400k-600k 21 $9,675,000 $460,714 $2,786 4.88%
    $600k-1MM 6 $4,220,000 $703,333 $4,383 5.34%
    $1MM+ 4 $10,120,000 $2,530,000 $0 5.69%

    2018 saw Generations Bank place emphasis on $100k-200k loans with 130 originations, totaling $19,730,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 66 $8,420,000 $127,576 $2,366 5.32%
    $100k-150k 56 $12,590,000 $224,821 $2,841 4.90%
    $50k or less 50 $3,870,000 $77,400 $1,794 5.25%
    $150k-250k 42 $10,410,000 $247,857 $2,410 5.06%
    $75k-100k 36 $5,110,000 $141,944 $2,124 5.15%
    $250k+ 24 $7,980,000 $332,500 $3,046 5.01%

    Generations Bank lent most frequently to those with incomes in the $50k-75k range, with 66 originations. The second most popular income band? $100k-150k, with 56 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 82 $14,420,000 $175,854 $2,183 5.16%
    30-36% 51 $8,285,000 $162,451 $2,371 4.97%
    <20% 35 $6,785,000 $193,857 $2,374 4.84%
    42% 14 $2,450,000 $175,000 $2,526 5.13%
    38% 12 $2,180,000 $181,667 $2,122 5.07%
    39% 11 $1,635,000 $148,636 $2,179 6.00%
    44% 10 $2,560,000 $256,000 $2,641 5.00%
    37% 9 $1,495,000 $166,111 $2,906 5.14%
    43% 7 $1,195,000 $170,714 $2,865 4.74%
    50-60% 6 $870,000 $145,000 $2,314 6.05%
    48% 6 $1,030,000 $171,667 $2,397 4.83%
    36% 6 $1,260,000 $210,000 $2,653 4.77%
    >60% 6 $390,000 $65,000 $311 6.13%
    41% 5 $355,000 $71,000 $1,552 6.48%
    40% 5 $1,205,000 $241,000 $3,953 5.50%
    47% 5 $845,000 $169,000 $3,210 4.50%
    46% 3 $885,000 $295,000 $2,753 4.63%
    49% 2 $620,000 $310,000 $2,833 4.88%
    45% 2 $450,000 $225,000 $3,741 4.69%

    Generations Bank lent most frequently to those with DTI ratios of 20-30%, with 82 originations. The next most common DTI ratio? 30-36%, with 51 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 249 $45,135,000 $181,265 $2,380 5.12%
    Not applicable 78 $26,010,000 $333,462 $0 5.51%
    Not provided 9 $1,855,000 $206,111 $3,336 4.92%
    Black 14 $1,050,000 $75,000 $1,603 5.62%
    Asian 3 $655,000 $218,333 $3,151 4.46%
    Other Asian 2 $280,000 $140,000 $2,493 4.63%
    American Indian 2 $240,000 $120,000 $2,758 4.85%

    Approval Rates

    Total approvals of all applications
    92.16%

    Generations Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    74.79%

    Generations Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 357 $75,225,000 $210,714

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $135,000 $135,000
    Multifamily:Site-Built 17 $14,155,000 $832,647
    Single Family (1-4 Units):Manufactured 20 $990,000 $49,500
    Single Family (1-4 Units):Site-Built 319 $59,945,000 $187,915

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 19 $1,695,000 $89,211 $1,000 5.60%
    40-60% 38 $6,160,000 $162,105 $2,366 5.47%
    60-80% 143 $34,055,000 $238,147 $2,540 5.21%
    80-100% 144 $31,570,000 $219,236 $2,601 5.01%
    Under 20% 13 $1,745,000 $134,231 $846 6.05%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Generations Bank 1120 Washington Street, N.W. Camden, AR 71701 Full Service B&M $7,009
    Generations Bank 119 Highway 274 Camden, AR 71701 Full Service B&M $1,019
    Generations Bank 131 North Main Street Junction City, AR 71749 Full Service B&M $38,251
    Generations Bank 1325 Highway 278 By-Pass Camden, AR 71701 Full Service B&M $76,129
    Generations Bank 200 Progress Avenue, Suite 100 Siloam Springs, AR 72761 Full Service B&M $63,458
    Generations Bank 2925 Alma Highway Van Buren, AR 72956 Full Service B&M $48,968
    Generations Bank 302 E Main Hampton, AR 71744 Full Service B&M $45,371
    Generations Bank 3665 N Investment Drive Fayetteville, AR 72703 Full Service B&M $51,583
    Generations Bank 3710 Southern Hills Boulevard, Suite 100 Rogers, AR 72758 Full Service B&M $62,165

    For 2018, Generations Bank had 9 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $22,442
    Net interest income $17,503
    Total noninterest income $3,282
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,195
    Trading account gains and fees $0
    Additional Noninterest Income $2,087
    Pre-tax net operating income $6,010
    Securities gains (or losses, -) $11
    Income before extraordinary items $4,675
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,675
    Minority interest net income $0
    Net income $4,675
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,666

    Generations Bank's gross interest income from loans was $22,442,000.
    Generations Bank's net interest income from loans was $17,503,000.
    Generations Bank's fee based income from loans was $1,195,000.
    Generations Bank's net income from loans was $4,675,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,939
    Provision for credit losses $525
    Total noninterest expense $14,250
    Salaries and employee benefits $8,172
    Premises and equipment expense $1,352
    Additional noninterest expense $4,726
    Applicable income taxes $1,346
    Net charge-offs $339
    Cash dividends $700

    Generations Bank's interest expense for loans was $4,939,000.
    Generations Bank's payroll and benefits expense were $8,172,000.
    Generations Bank's property, plant and equipment expenses $1,352,000.

    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 $419,512
    Deposits held in domestic offices $419,512
    Deposits by Individuals, partnerships, and corporations $332,922
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $47,822
    Deposits by Commercial banks and other depository institutions in U.S. $38,768
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $112,228
    Demand deposits $47,883
    Nontransaction accounts $307,284
    Money market deposit accounts (MMDAs) $55,039
    Other savings deposits (excluding MMDAs) $24,863
    Total time deposits $227,382
    Total time and savings deposits $371,629
    Noninterest-bearing deposits $47,883
    Interest-bearing deposits $371,629
    Retail deposits $330,658
    IRAs and Keogh plan accounts $22,252
    Brokered deposits $25,855
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $521,255
    Cash & Balances due from depository institutions $23,241
    Interest-bearing balances $11,064
    Total securities $61,757
    Federal funds sold & reverse repurchase $1,050
    Net loans and leases $410,118
    Loan and leases loss allowance $3,958
    Trading account assets $0
    Bank premises and fixed assets $10,404
    Other real estate owned $0
    Goodwill and other intangibles $736
    All other assets $13,949

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $521,255
    Total Liabilities $474,094
    Total deposits $419,512
    Interest-bearing deposits $371,629
    Deposits held in domestic offices $419,512
    % insured (estimated) $79
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $52,299
    Subordinated debt $0
    All other liabilities $2,283

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $410,118
    Loan and leases loss allowance $3,958
    Total loans and leases (domestic) $414,076
    All real estate loans $362,679
    Real estate loans in domestic offices $362,679
    Construction and development loans $63,333
    Residential 1-4 family construction $24,000
    Other construction, all land development and other land $39,333
    Loans secured by nonfarm nonresidential properties $136,977
    Nonfarm nonresidential secured by owner-occupied properties $80,693
    Commercial real estate & other non-farm, non-residential $56,284
    Multifamily residential real estate $7,093
    1-4 family residential loans $131,712
    Farmland loans $23,564
    Loans held in foreign offices $0
    Farm loans $1,117
    Commercial and industrial loans $33,047
    To non-U.S. addressees $0
    Loans to individuals $15,396
    Credit card loans $0
    Related Plans $5
    Consumer Auto Loans $3,843
    Other loans to individuals $11,548
    All other loans & leases $1,837
    Loans to foreign governments and official institutions $0
    Other loans $0
    Loans to depository institutions and acceptances of other banks $1,545
    Loans not secured by real estate $2,459
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $667
    Non 1-4 family restructured loans & leases $488
    Total loans and leases (foreign) $0

    Generations Bank had $410,118,000 of loans outstanding in 2018. $362,679,000 of loans were in real estate loans. $63,333,000 of loans were in development loans. $7,093,000 of loans were in multifamily mortgage loans. $131,712,000 of loans were in 1-4 family mortgage loans. $1,117,000 of loans were in farm loans. $0 of loans were in credit card loans. $3,843,000 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 197 $37,145 $188,553
    Nonfarm, nonresidential loans - <$100k 58 $2,122 $36,586
    Nonfarm, nonresidential loans - $100-250k 74 $9,856 $133,189
    Nonfarm, nonresidential loans - $250k-1MM 65 $25,167 $387,185
    Commercial & Industrial, US addressed loans - <$1MM 428 $22,752 $53,159
    Commercial & Industrial, US addressed loans - <$100k 343 $6,576 $19,172
    Commercial & Industrial, US addressed loans - $100-250k 54 $5,197 $96,241
    Commercial & Industrial, US addressed loans - $250k-1MM 31 $10,979 $354,161
    Farmland loans - <$1MM 70 $7,239 $103,414
    Farmland loans - <$100k 38 $1,784 $46,947
    Farmland loans - $100-250k 20 $2,286 $114,300
    Farmland loans - $250k-1MM 12 $3,169 $264,083
    Agriculture operations loans - <$1MM 20 $1,117 $55,850
    Agriculture operations loans - <$100k 16 $386 $24,125
    Agriculture operations loans - $100-250k 3 $343 $114,333
    Agriculture operations loans - $250k-1MM 1 $388 $388,000