Generations Bank Mortgage Rates, Fees & Info

Rogers, AR

LEI: 549300QWJ3UDIX8KBP64

Tax ID: 71-0025780

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Mortgage Data

Bank Data

Review & Overview

Generations Bank is a smaller bank specializing in Home Purchase and Refi loans. Generations Bank has a high proportion of conventional loans. Their top markets by origination volume include: Fayetteville, Camden, Fort Smith, Little Rock, and El Dorado among others. We have data for 17 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.

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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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.48% 3/28/24
30 Year Conventional Refi 6.29% 3/28/24
30 Year Cash-out Refi 6.28% 3/28/24
30 Year FHA Purchase 6.78% 3/28/24
30 Year VA Refi 6.95% 3/28/24
15 Year Conventional Purchase 6.02% 3/28/24
15 Year Conventional Refi 5.72% 3/28/24
15 Year Cash-out Refi 5.72% 3/28/24
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

360

Origination Dollar Volume (All Markets)

$75,710,000

Employee count

115

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) 252 $64,680,000 $256,667 $0 0.00%
Camden, AR (FHA|USDA|VA) 40 $2,730,000 $68,250 $0 0.00%
FORT SMITH, AR-OK (FHA|USDA|VA) 29 $2,575,000 $88,793 $0 0.00%
Outside of Metro Areas 13 $2,345,000 $180,385 $0 0.00%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 2 $590,000 $295,000 $0 0.00%
El Dorado, AR (FHA|USDA|VA) 10 $530,000 $53,000 $0 0.00%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $415,000 $415,000 $0 0.00%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $405,000 $405,000 $0 0.00%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $285,000 $285,000 $0 0.00%
HOT SPRINGS, AR (FHA|USDA|VA) 2 $250,000 $125,000 $0 0.00%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
SPRINGFIELD, MO (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
JOPLIN, MO (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
Stillwater, OK (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
Palestine, TX (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
MONROE, LA (FHA|USDA|VA) 3 $125,000 $41,667 $0 0.00%
Hope, AR (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
Generations Bank's top markets include Fayetteville, Camden, Fort Smith, Little Rock, and El Dorado among others.

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

    FIRST WESTERN MORTGAGE, INC.
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    MID AMERICA MORTGAGE, INC.
    Similarity Rank: 1976
    Great Southern Bank
    Similarity Rank: 2002
    BETTER MORTGAGE CORPORATION
    Similarity Rank: 2260

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 360 $75,710,000 $210,306 $0 0.00%

    For 2019, Generations Bank's most frequently originated type of loan was Conventional, with 360 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 172 $36,020,000 $209,419 $0 0.00%
    Refi 101 $24,895,000 $246,485 $0 0.00%
    Cash Out Refi 62 $12,800,000 $206,452 $0 0.00%
    Home Improvement 15 $795,000 $53,000 $0 0.00%
    Other 10 $1,200,000 $120,000 $0 0.00%

    For 2019, Generations Bank's most frequently cited loan purpose was Home Purchase, with 172 originations. The 2nd most popular reason was Refi, with 101 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 360 $75,710,000 $210,306 $0 0.00%

    For 2019, Generations Bank's most frequently cited loan duration was Other, with 360 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 120 $18,060,000 $150,500 $0 0.00%
    $200k-400k 103 $29,515,000 $286,553 $0 0.00%
    $100,000 or less 101 $5,475,000 $54,208 $0 0.00%
    $400k-600k 30 $13,960,000 $465,333 $0 0.00%
    $1MM+ 4 $7,230,000 $1,807,500 $0 0.00%
    $600k-1MM 2 $1,470,000 $735,000 $0 0.00%

    2019 saw Generations Bank place emphasis on $100k-200k loans with 120 originations, totaling $18,060,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 67 $8,695,000 $129,776 $0 0.00%
    $150k-250k 61 $15,835,000 $259,590 $0 0.00%
    $100k-150k 58 $14,990,000 $258,448 $0 0.00%
    $50k or less 47 $4,045,000 $86,064 $0 0.00%
    $75k-100k 46 $6,990,000 $151,957 $0 0.00%
    $250k+ 30 $9,140,000 $304,667 $0 0.00%

    Generations Bank lent most frequently to those with incomes in the $50k-75k range, with 67 originations. The second most popular income band? $150k-250k, with 61 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 360 $75,710,000 $210,306 $0 0.00%

    Generations Bank lent most frequently to those with DTI ratios of Exempt%, with 360 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 294 $58,190,000 $197,925 $0 0.00%
    Not applicable 43 $14,305,000 $332,674 $0 0.00%
    Asian 7 $1,345,000 $192,143 $0 0.00%
    Black 12 $1,030,000 $85,833 $0 0.00%
    Native Hawaiian or Islander 2 $520,000 $260,000 $0 0.00%
    American Indian 2 $320,000 $160,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.06%

    Generations Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    81.11%

    Generations Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 360 $75,710,000 $210,306

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 11 $9,065,000 $824,091
    Single Family (1-4 Units):Manufactured 15 $645,000 $43,000
    Single Family (1-4 Units):Site-Built 334 $66,000,000 $197,605

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Generations Bank 119 Highway 274 Camden, AR 71701 Full Service B&M $1,089
    Generations Bank 1120 Washington Street, N.W. Camden, AR 71701 Full Service B&M $6,813
    Generations Bank 131 North Main Street Junction City, AR 71749 Full Service B&M $36,774
    Generations Bank 1325 Highway 278 By-Pass Camden, AR 71701 Full Service B&M $78,336
    Generations Bank 200 Progress Avenue, Suite 100 Siloam Springs, AR 72761 Full Service B&M $65,136
    Generations Bank 2925 Alma Highway, Town Square Shopping Center, Suite A Van Buren, AR 72956 Full Service B&M $45,760
    Generations Bank 302 W. Main Street Hampton, AR 71744 Full Service B&M $50,177
    Generations Bank 3665 N Investment Drive Fayetteville, AR 72703 Full Service B&M $68,000
    Generations Bank 3710 Southern Hills Boulevard, Suite 100 Rogers, AR 72758 Full Service B&M $80,669

    For 2019, Generations Bank had 9 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $25,533
    Net interest income $19,037
    Total noninterest income $3,628
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,259
    Trading account gains and fees $0
    Additional Noninterest Income $2,369
    Pre-tax net operating income $7,251
    Securities gains (or losses, -) $19
    Income before extraordinary items $5,625
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,625
    Minority interest net income $0
    Net income $5,625
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $5,609

    Generations Bank's gross interest income from loans was $25,533,000.
    Generations Bank's net interest income from loans was $19,037,000.
    Generations Bank's fee based income from loans was $1,259,000.
    Generations Bank's net income from loans was $5,625,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $6,496
    Provision for credit losses $450
    Total noninterest expense $14,964
    Salaries and employee benefits $8,857
    Premises and equipment expense $1,794
    Additional noninterest expense $4,313
    Applicable income taxes $1,645
    Net charge-offs $96
    Cash dividends $3,165

    Generations Bank's interest expense for loans was $6,496,000.
    Generations Bank's payroll and benefits expense were $8,857,000.
    Generations Bank's property, plant and equipment expenses $1,794,000.

    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 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 $417,031
    Deposits held in domestic offices $417,031
    Deposits by Individuals, partnerships, and corporations $339,682
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $39,637
    Deposits by Commercial banks and other depository institutions in U.S. $37,712
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $125,801
    Demand deposits $57,576
    Nontransaction accounts $291,230
    Money market deposit accounts (MMDAs) $51,426
    Other savings deposits (excluding MMDAs) $29,056
    Total time deposits $210,748
    Total time and savings deposits $359,455
    Noninterest-bearing deposits $57,576
    Interest-bearing deposits $359,455
    Retail deposits $344,320
    IRAs and Keogh plan accounts $22,069
    Brokered deposits $16,685
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $527,434
    Cash & Balances due from depository institutions $26,794
    Interest-bearing balances $21,570
    Total securities $65,040
    Federal funds sold & reverse repurchase $0
    Net loans and leases $408,502
    Loan and leases loss allowance $4,312
    Trading account assets $0
    Bank premises and fixed assets $10,244
    Other real estate owned $170
    Goodwill and other intangibles $711
    All other assets $15,973

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $527,434
    Total Liabilities $476,192
    Total deposits $417,031
    Interest-bearing deposits $359,455
    Deposits held in domestic offices $417,031
    % insured (estimated) $79
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $56,639
    Subordinated debt $0
    All other liabilities $2,522

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $408,502
    Loan and leases loss allowance $4,312
    Total loans and leases (domestic) $412,814
    All real estate loans $361,381
    Real estate loans in domestic offices $361,381
    Construction and development loans $54,191
    Residential 1-4 family construction $16,068
    Other construction, all land development and other land $38,123
    Loans secured by nonfarm nonresidential properties $143,656
    Nonfarm nonresidential secured by owner-occupied properties $94,336
    Commercial real estate & other non-farm, non-residential $49,320
    Multifamily residential real estate $11,952
    1-4 family residential loans $128,731
    Farmland loans $22,851
    Loans held in foreign offices $0
    Farm loans $423
    Commercial and industrial loans $35,221
    To non-U.S. addressees $0
    Loans to individuals $14,437
    Credit card loans $0
    Related Plans $48
    Consumer Auto Loans $3,262
    Other loans to individuals $11,127
    All other loans & leases $1,352
    Loans to foreign governments and official institutions $0
    Other loans $0
    Loans to depository institutions and acceptances of other banks $1,150
    Loans not secured by real estate $1,540
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $172
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Generations Bank had $408,502,000 of loans outstanding in 2019. $361,381,000 of loans were in real estate loans. $54,191,000 of loans were in development loans. $11,952,000 of loans were in multifamily mortgage loans. $128,731,000 of loans were in 1-4 family mortgage loans. $423,000 of loans were in farm loans. $0 of loans were in credit card loans. $3,262,000 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 190 $34,113 $179,542
    Nonfarm, nonresidential loans - <$100k 56 $2,045 $36,518
    Nonfarm, nonresidential loans - $100-250k 74 $9,621 $130,014
    Nonfarm, nonresidential loans - $250k-1MM 60 $22,447 $374,117
    Commercial & Industrial, US addressed loans - <$1MM 443 $23,943 $54,047
    Commercial & Industrial, US addressed loans - <$100k 350 $6,314 $18,040
    Commercial & Industrial, US addressed loans - $100-250k 56 $5,638 $100,679
    Commercial & Industrial, US addressed loans - $250k-1MM 37 $11,991 $324,081
    Farmland loans - <$1MM 65 $7,402 $113,877
    Farmland loans - <$100k 32 $1,421 $44,406
    Farmland loans - $100-250k 20 $2,180 $109,000
    Farmland loans - $250k-1MM 13 $3,801 $292,385
    Agriculture operations loans - <$1MM 13 $423 $32,538
    Agriculture operations loans - <$100k 11 $241 $21,909
    Agriculture operations loans - $100-250k 2 $182 $91,000