Generations Bank Mortgage Rates, Fees & Info
Rogers, ARLEI: 549300QWJ3UDIX8KBP64
Tax ID: 71-0025780
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Review & Overview
Generations Bank is a smaller bank specializing in Refi, Home Purchase, and Cash Out Refi loans. Generations Bank has a high proportion of conventional loans. Their top markets by origination volume include: Fayetteville, Fort Smith, Camden, Little Rock, and Hot Springs among others. We have data for 37 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.48% | 4/18/24 |
| 30 Year Conventional Refi | 6.29% | 4/18/24 |
| 30 Year Cash-out Refi | 6.28% | 4/18/24 |
| 30 Year FHA Purchase | 6.78% | 4/18/24 |
| 30 Year VA Refi | 6.95% | 4/18/24 |
| 15 Year Conventional Purchase | 6.02% | 4/18/24 |
| 15 Year Conventional Refi | 5.72% | 4/18/24 |
| 15 Year Cash-out Refi | 5.72% | 4/18/24 |
| 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. | ||
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
786Origination Dollar Volume (All Markets)
$210,140,000Employee count
118Top 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) | 621 | $166,705,000 | $268,446 | $0 | 0.00% |
| FORT SMITH, AR-OK (FHA|USDA|VA) | 35 | $13,525,000 | $386,429 | $0 | 0.00% |
| Camden, AR (FHA|USDA|VA) | 35 | $7,535,000 | $215,286 | $0 | 0.00% |
| Outside of Metro Areas | 28 | $5,850,000 | $208,929 | $0 | 0.00% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 14 | $3,100,000 | $221,429 | $0 | 0.00% |
| HOT SPRINGS, AR (FHA|USDA|VA) | 3 | $1,215,000 | $405,000 | $0 | 0.00% |
| COLUMBUS, OH (FHA|USDA|VA) | 2 | $1,090,000 | $545,000 | $0 | 0.00% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $910,000 | $455,000 | $0 | 0.00% |
| El Dorado, AR (FHA|USDA|VA) | 9 | $775,000 | $86,111 | $0 | 0.00% |
| OCALA, FL (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $0 | 0.00% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $0 | 0.00% |
| Breckenridge, CO (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.00% |
| Mountain Home, AR (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $0 | 0.00% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $0 | 0.00% |
| ABILENE, TX (FHA|USDA|VA) | 2 | $450,000 | $225,000 | $0 | 0.00% |
| SANTA FE, NM (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 0.00% |
| TULSA, OK (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $0 | 0.00% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $0 | 0.00% |
| Russellville, AR (FHA|USDA|VA) | 3 | $385,000 | $128,333 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $0 | 0.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $0 | 0.00% |
| Batesville, AR (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 0.00% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $0 | 0.00% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| Ruston, LA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| WICHITA, KS (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 0.00% |
| Stillwater, OK (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| Coffeyville, KS (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| MONROE, LA (FHA|USDA|VA) | 2 | $80,000 | $40,000 | $0 | 0.00% |
| Malvern, AR (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
| Tahlequah, OK (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Similar Lenders
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 786 | $210,140,000 | $267,354 | $0 | 0.00% |
For 2020, Generations Bank's most frequently originated type of loan was Conventional, with 786 originations.
Loan Reason
For 2020, Generations Bank's most frequently cited loan purpose was Refi, with 358 originations. The 2nd most popular reason was Home Purchase, with 255 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 786 | $210,140,000 | $267,354 | $0 | 0.00% |
For 2020, Generations Bank's most frequently cited loan duration was Other, with 786 originations.
Loan Sizing
2020 saw Generations Bank place emphasis on $200k-400k loans with 337 originations, totaling $94,815,000 in origination value.
Applicant Income
Generations Bank lent most frequently to those with incomes in the $150k-250k range, with 164 originations. The second most popular income band? $100k-150k, with 159 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 786 | $210,140,000 | $267,354 | $0 | 0.00% |
Generations Bank lent most frequently to those with DTI ratios of Exempt%, with 786 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.61%
Generations Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination83.97%
Generations Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 786 | $210,140,000 | $267,354 |
Occupancy Type Mix
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 | $7,454 |
| Generations Bank | 119 Highway 274 Camden, AR 71701 | Full Service B&M | $1,347 |
| Generations Bank | 131 North Main Street Junction City, AR 71749 | Full Service B&M | $36,498 |
| Generations Bank | 1325 Highway 278 By-Pass Camden, AR 71701 | Full Service B&M | $87,860 |
| Generations Bank | 200 Progress Avenue, Suite 100 Siloam Springs, AR 72761 | Full Service B&M | $74,656 |
| Generations Bank | 2925 Alma Highway, Town Square Shopping Center, Suite A Van Buren, AR 72956 | Full Service B&M | $48,790 |
| Generations Bank | 302 W. Main Street Hampton, AR 71744 | Full Service B&M | $51,074 |
| Generations Bank | 3665 N Investment Drive Fayetteville, AR 72703 | Full Service B&M | $39,965 |
| Generations Bank | 3710 W Southern Hills Blvd, Ste 100 Rogers, AR 72758 | Full Service B&M | $98,600 |
For 2020, Generations Bank had 9 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $25,458 |
| Net interest income | $20,782 |
| Total noninterest income | $6,976 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $1,085 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $5,891 |
| Pre-tax net operating income | $8,216 |
| Securities gains (or losses, -) | $21 |
| Income before extraordinary items | $6,426 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $6,426 |
| Minority interest net income | $0 |
| Net income | $6,426 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $6,409 |
Generations Bank's gross interest income from loans was $25,458,000.
Generations Bank's net interest income from loans was $20,782,000.
Generations Bank's fee based income from loans was $1,085,000.
Generations Bank's net income from loans was $6,426,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $4,676 |
| Provision for credit losses | $1,550 |
| Total noninterest expense | $17,992 |
| Salaries and employee benefits | $11,493 |
| Premises and equipment expense | $1,780 |
| Additional noninterest expense | $4,719 |
| Applicable income taxes | $1,811 |
| Net charge-offs | $702 |
| Cash dividends | $2,100 |
Generations Bank's interest expense for loans was $4,676,000.
Generations Bank's payroll and benefits expense were $11,493,000.
Generations Bank's property, plant and equipment expenses $1,780,000.
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 | 1.0% |
| 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 | $544,876 |
| Deposits held in domestic offices | $544,876 |
| Deposits by Individuals, partnerships, and corporations | $453,930 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $47,183 |
| Deposits by Commercial banks and other depository institutions in U.S. | $43,763 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $265,162 |
| Demand deposits | $176,502 |
| Nontransaction accounts | $279,714 |
| Money market deposit accounts (MMDAs) | $64,137 |
| Other savings deposits (excluding MMDAs) | $49,633 |
| Total time deposits | $165,944 |
| Total time and savings deposits | $368,374 |
| Noninterest-bearing deposits | $176,502 |
| Interest-bearing deposits | $368,374 |
| Retail deposits | $489,986 |
| IRAs and Keogh plan accounts | $21,327 |
| Brokered deposits | $4,702 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $699,329 |
| Cash & Balances due from depository institutions | $109,628 |
| Interest-bearing balances | $102,626 |
| Total securities | $99,560 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $455,144 |
| Loan and leases loss allowance | $5,160 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $15,242 |
| Other real estate owned | $232 |
| Goodwill and other intangibles | $687 |
| All other assets | $18,836 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $699,329 |
| Total Liabilities | $632,189 |
| Total deposits | $544,876 |
| Interest-bearing deposits | $368,374 |
| Deposits held in domestic offices | $544,876 |
| % insured (estimated) | $63 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $82,300 |
| Subordinated debt | $0 |
| All other liabilities | $5,013 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $455,144 |
| Loan and leases loss allowance | $5,160 |
| Total loans and leases (domestic) | $460,304 |
| All real estate loans | $363,798 |
| Real estate loans in domestic offices | $363,798 |
| Construction and development loans | $64,606 |
| Residential 1-4 family construction | $15,079 |
| Other construction, all land development and other land | $49,527 |
| Loans secured by nonfarm nonresidential properties | $146,577 |
| Nonfarm nonresidential secured by owner-occupied properties | $108,369 |
| Commercial real estate & other non-farm, non-residential | $38,208 |
| Multifamily residential real estate | $3,988 |
| 1-4 family residential loans | $134,370 |
| Farmland loans | $14,257 |
| Loans held in foreign offices | $0 |
| Farm loans | $1,424 |
| Commercial and industrial loans | $80,241 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $12,070 |
| Credit card loans | $0 |
| Related Plans | $67 |
| Consumer Auto Loans | $3,264 |
| Other loans to individuals | $8,739 |
| All other loans & leases | $2,771 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $66 |
| Loans to depository institutions and acceptances of other banks | $2,500 |
| Loans not secured by real estate | $5,556 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $616 |
| Non 1-4 family restructured loans & leases | $402 |
| Total loans and leases (foreign) | $0 |
Generations Bank had $455,144,000 of loans outstanding in 2020. $363,798,000 of loans were in real estate loans. $64,606,000 of loans were in development loans. $3,988,000 of loans were in multifamily mortgage loans. $134,370,000 of loans were in 1-4 family mortgage loans. $1,424,000 of loans were in farm loans. $0 of loans were in credit card loans. $3,264,000 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 | 200 | $36,629 | $183,145 |
| Nonfarm, nonresidential loans - <$100k | 55 | $1,683 | $30,600 |
| Nonfarm, nonresidential loans - $100-250k | 80 | $10,428 | $130,350 |
| Nonfarm, nonresidential loans - $250k-1MM | 65 | $24,518 | $377,200 |
| Commercial & Industrial, US addressed loans - <$1MM | 783 | $52,943 | $67,616 |
| Commercial & Industrial, US addressed loans - <$100k | 610 | $13,595 | $22,287 |
| Commercial & Industrial, US addressed loans - $100-250k | 110 | $13,110 | $119,182 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 63 | $26,238 | $416,476 |
| Farmland loans - <$1MM | 58 | $6,957 | $119,948 |
| Farmland loans - <$100k | 24 | $1,093 | $45,542 |
| Farmland loans - $100-250k | 21 | $2,143 | $102,048 |
| Farmland loans - $250k-1MM | 13 | $3,721 | $286,231 |
| Agriculture operations loans - <$1MM | 13 | $863 | $66,385 |
| Agriculture operations loans - <$100k | 10 | $337 | $33,700 |
| Agriculture operations loans - $100-250k | 3 | $526 | $175,333 |