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™
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    • 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, Refi, 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 33 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% 12/3/24
    30 Year Conventional Refi 6.29% 12/3/24
    30 Year Cash-out Refi 6.28% 12/3/24
    30 Year FHA Purchase 6.78% 12/3/24
    30 Year VA Refi 6.95% 12/3/24
    15 Year Conventional Purchase 6.02% 12/3/24
    15 Year Conventional Refi 5.72% 12/3/24
    15 Year Cash-out Refi 5.72% 12/3/24
    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

    638

    Origination Dollar Volume (All Markets)

    $181,350,000

    Employee count

    127 Show all (5) awards

    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) 464 $137,680,000 $296,724 $2,595 3.22%
    FORT SMITH, AR-OK (FHA|USDA|VA) 44 $16,080,000 $365,455 $2,199 3.68%
    Camden, AR (FHA|USDA|VA) 44 $8,010,000 $182,045 $1,509 4.44%
    Outside of Metro Areas 31 $6,605,000 $213,065 $3,042 3.46%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 10 $2,400,000 $240,000 $3,014 2.81%
    HOT SPRINGS, AR (FHA|USDA|VA) 3 $975,000 $325,000 $2,381 2.75%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 3 $865,000 $288,333 $3,699 2.88%
    Athens, TX (FHA|USDA|VA) 4 $860,000 $215,000 $0 4.50%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 3 $825,000 $275,000 $2,755 3.47%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $560,000 $280,000 $4,160 2.75%
    Mountain Home, AR (FHA|USDA|VA) 1 $545,000 $545,000 $3,311 2.75%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 2 $410,000 $205,000 $3,037 3.06%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $395,000 $395,000 $3,878 2.63%
    Russellville, AR (FHA|USDA|VA) 2 $390,000 $195,000 $2,740 4.40%
    Tahlequah, OK (FHA|USDA|VA) 4 $390,000 $97,500 $0 4.19%
    JONESBORO, AR (FHA|USDA|VA) 1 $375,000 $375,000 $3,172 3.13%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $375,000 $375,000 $2,827 3.38%
    MADISON, WI (FHA|USDA|VA) 1 $375,000 $375,000 $1,641 3.38%
    PANAMA CITY, FL (FHA|USDA|VA) 1 $365,000 $365,000 $4,876 2.88%
    Gardnerville Ranchos, NV (FHA|USDA|VA) 1 $355,000 $355,000 $3,298 3.13%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $305,000 $305,000 $2,278 4.00%
    SPRINGFIELD, MO (FHA|USDA|VA) 1 $275,000 $275,000 $2,682 2.88%
    LUBBOCK, TX (FHA|USDA|VA) 1 $265,000 $265,000 $3,956 2.50%
    DECATUR, AL (FHA|USDA|VA) 1 $255,000 $255,000 $2,980 3.13%
    Norfolk, NE (FHA|USDA|VA) 1 $245,000 $245,000 $2,573 3.13%
    ABILENE, TX (FHA|USDA|VA) 1 $235,000 $235,000 $2,595 2.75%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $225,000 $225,000 $0 4.25%
    Branson, MO (FHA|USDA|VA) 1 $165,000 $165,000 $0 4.10%
    Arkadelphia, AR (FHA|USDA|VA) 1 $165,000 $165,000 $0 5.00%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $135,000 $135,000 $2,942 3.13%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $105,000 $105,000 $2,807 2.13%
    El Dorado, AR (FHA|USDA|VA) 3 $105,000 $35,000 $870 4.58%
    MONROE, LA (FHA|USDA|VA) 1 $35,000 $35,000 $1,200 6.75%
    Generations Bank's top markets include Fayetteville, Fort Smith, Camden, Little Rock, and Hot Springs among others.

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

    FIRST WESTERN MORTGAGE, INC.
    Similarity Rank: 561
    Truity Federal Credit Union
    Similarity Rank: 728
    First Security Bank
    Similarity Rank: 735
    The Farmers & Merchants Bank
    Similarity Rank: 784
    The First National Bank of Fort Smith
    Similarity Rank: 1540
    ARKANSAS Federal Credit Union
    Similarity Rank: 1608
    Generations Bank
    Similarity Rank: 1947
    First National Bank
    Similarity Rank: 2646
    PLANET HOME LENDING, LLC
    Similarity Rank: 2680
    Equity Bank
    Similarity Rank: 2773

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 637 $181,085,000 $284,278 $2,533 3.37%
    VA 1 $265,000 $265,000 $8,613 2.75%

    For 2021, Generations Bank's most frequently originated type of loan was Conventional, with 637 originations. Their 2nd most popular type was VA, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 293 $72,335,000 $246,877 $2,577 3.46%
    Refi 166 $52,990,000 $319,217 $2,486 3.13%
    Cash Out Refi 162 $52,740,000 $325,556 $2,573 3.43%
    Other 14 $3,170,000 $226,429 $2,459 3.44%
    Home Improvement 3 $115,000 $38,333 $1,320 4.33%

    For 2021, Generations Bank's most frequently cited loan purpose was Home Purchase, with 293 originations. The 2nd most popular reason was Refi, with 166 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 364 $102,670,000 $282,060 $2,753 3.05%
    Other 96 $20,240,000 $210,833 $1,382 4.57%
    15 Year 76 $18,290,000 $240,658 $2,626 2.47%
    5 Year 56 $22,710,000 $405,536 $1,898 4.21%
    3 Year 20 $5,170,000 $258,500 $0 4.40%
    20 Year 15 $3,475,000 $231,667 $2,355 2.91%
    10 Year 6 $7,990,000 $1,331,667 $0 3.75%
    1 Year 5 $805,000 $161,000 $0 4.50%

    For 2021, Generations Bank's most frequently cited loan duration was 30 Year, with 364 originations. The 2nd most popular length was Other, with 96 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 451 $116,855,000 $259,102
    $1k-2k 26 $5,620,000 $216,154
    $2k-3k 11 $2,875,000 $261,364
    $3k-4k 3 $1,435,000 $478,333
    $4k-5k 1 $405,000 $405,000

    Generations Bank's average total fees were $2,753, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 451 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 247 $69,715,000 $282,247
    3-4% 203 $67,725,000 $333,621
    4-5% 104 $26,520,000 $255,000
    <2.5% 61 $15,355,000 $251,721
    5-6% 21 $1,985,000 $94,524
    6-7% 2 $50,000 $25,000

    During 2021, Generations Bank's average interest rate for loans was 3.05%, while their most frequently originated rate bucket for loans was 2.5-3%, with 247 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 266 $73,860,000 $277,669 $2,677 3.15%
    $100k-200k 192 $29,170,000 $151,927 $2,353 3.40%
    $400k-600k 92 $45,000,000 $489,130 $3,073 3.08%
    $100,000 or less 74 $4,240,000 $57,297 $1,543 4.38%
    $1MM+ 10 $26,350,000 $2,635,000 $0 3.78%
    $600k-1MM 4 $2,730,000 $682,500 $2,230 3.84%

    2021 saw Generations Bank place emphasis on $200k-400k loans with 266 originations, totaling $73,860,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 141 $35,355,000 $250,745 $2,637 3.21%
    $150k-250k 108 $33,090,000 $306,389 $2,738 3.19%
    $50k-75k 95 $17,355,000 $182,684 $2,418 3.26%
    $75k-100k 90 $20,410,000 $226,778 $2,650 3.21%
    $250k+ 68 $25,130,000 $369,559 $2,815 3.20%
    $50k or less 65 $7,375,000 $113,462 $1,945 3.87%

    Generations Bank lent most frequently to those with incomes in the $100k-150k range, with 141 originations. The second most popular income band? $150k-250k, with 108 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 184 $45,390,000 $246,685 $2,511 3.15%
    <20% 109 $25,745,000 $236,193 $2,471 3.09%
    30-36% 88 $23,550,000 $267,614 $2,563 3.34%
    41% 21 $5,215,000 $248,333 $2,520 3.65%
    39% 20 $5,760,000 $288,000 $2,879 3.20%
    43% 19 $5,495,000 $289,211 $2,593 3.36%
    36% 18 $3,640,000 $202,222 $2,312 3.60%
    44% 17 $4,565,000 $268,529 $3,103 3.04%
    42% 17 $4,005,000 $235,588 $2,474 3.21%
    40% 16 $3,780,000 $236,250 $2,594 3.40%
    37% 13 $2,795,000 $215,000 $2,523 3.08%
    38% 7 $2,355,000 $336,429 $2,752 3.05%
    47% 4 $1,160,000 $290,000 $2,494 2.81%
    45% 3 $805,000 $268,333 $2,981 2.79%
    50-60% 2 $720,000 $360,000 $350 4.25%
    49% 1 $525,000 $525,000 $3,279 2.75%

    Generations Bank lent most frequently to those with DTI ratios of 20-30%, with 184 originations. The next most common DTI ratio? <20%, with 109 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 513 $126,395,000 $246,384 $2,550 3.26%
    Not applicable 62 $40,310,000 $650,161 $0 4.15%
    Not provided 25 $6,445,000 $257,800 $2,565 3.52%
    Asian 16 $4,990,000 $311,875 $2,975 3.23%
    Black 14 $2,100,000 $150,000 $2,149 3.77%
    American Indian 7 $895,000 $127,857 $2,118 3.55%
    Native Hawaiian or Islander 1 $215,000 $215,000 $2,119 2.63%

    Approval Rates

    Total approvals of all applications
    94.73%

    Generations Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    87.30%

    Generations Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    188.1 1 $15,000 $15,000
    305.0 1 $65,000 $65,000
    320.0 1 $35,000 $35,000
    385.6 1 $35,000 $35,000
    46.6 1 $25,000 $25,000
    NA 633 $181,175,000 $286,216

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    638 $181,350,000 $284,248

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 24 $4,090,000 $170,417 $2,087 3.80%
    40-60% 86 $20,680,000 $240,465 $2,494 3.22%
    60-80% 331 $96,775,000 $292,372 $2,592 3.38%
    80-100% 187 $59,245,000 $316,818 $2,600 3.29%
    Under 20% 10 $560,000 $56,000 $969 4.60%

    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 $8,219
    Generations Bank 119 Highway 274 Camden, AR 71701 Full Service B&M $1,508
    Generations Bank 131 North Main Street Junction City, AR 71749 Full Service B&M $38,387
    Generations Bank 1325 Highway 278 By-Pass Camden, AR 71701 Full Service B&M $86,464
    Generations Bank 200 Progress Avenue, Suite 100 Siloam Springs, AR 72761 Full Service B&M $76,285
    Generations Bank 2925 Alma Highway, Town Square Shopping Center, Suite A Van Buren, AR 72956 Full Service B&M $49,340
    Generations Bank 302 W. Main Street Hampton, AR 71744 Full Service B&M $54,287
    Generations Bank 3665 N Investment Drive Fayetteville, AR 72703 Full Service B&M $40,473
    Generations Bank 3710 W Southern Hills Blvd, Ste 100 Rogers, AR 72758 Full Service B&M $175,976
    Generations Bank 600 Sw 41st Street Bentonville, AR 72712 Full Service B&M $2,627

    For 2021, Generations Bank had 10 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $28,031
    Net interest income $25,512
    Total noninterest income $5,678
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,395
    Trading account gains and fees $0
    Additional Noninterest Income $4,283
    Pre-tax net operating income $12,092
    Securities gains (or losses, -) $15
    Income before extraordinary items $9,008
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $9,008
    Minority interest net income $0
    Net income $9,008
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $8,996

    Generations Bank's gross interest income from loans was $28,031,000.
    Generations Bank's net interest income from loans was $25,512,000.
    Generations Bank's fee based income from loans was $1,395,000.
    Generations Bank's net income from loans was $9,008,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,519
    Provision for credit losses $948
    Total noninterest expense $18,150
    Salaries and employee benefits $11,414
    Premises and equipment expense $1,706
    Additional noninterest expense $5,030
    Applicable income taxes $3,099
    Net charge-offs $163
    Cash dividends $1,450

    Generations Bank's interest expense for loans was $2,519,000.
    Generations Bank's payroll and benefits expense were $11,414,000.
    Generations Bank's property, plant and equipment expenses $1,706,000.

    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 $552,240
    Deposits held in domestic offices $552,240
    Deposits by Individuals, partnerships, and corporations $451,797
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $57,510
    Deposits by Commercial banks and other depository institutions in U.S. $42,933
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $251,137
    Demand deposits $156,337
    Nontransaction accounts $301,103
    Money market deposit accounts (MMDAs) $86,679
    Other savings deposits (excluding MMDAs) $64,837
    Total time deposits $149,587
    Total time and savings deposits $395,903
    Noninterest-bearing deposits $156,337
    Interest-bearing deposits $395,903
    Retail deposits $503,226
    IRAs and Keogh plan accounts $20,328
    Brokered deposits $300
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $706,263
    Cash & Balances due from depository institutions $10,722
    Interest-bearing balances $4,330
    Total securities $122,820
    Federal funds sold & reverse repurchase $0
    Net loans and leases $532,374
    Loan and leases loss allowance $5,945
    Trading account assets $0
    Bank premises and fixed assets $15,221
    Other real estate owned $0
    Goodwill and other intangibles $662
    All other assets $24,464

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $706,263
    Total Liabilities $622,043
    Total deposits $552,240
    Interest-bearing deposits $395,903
    Deposits held in domestic offices $552,240
    % insured (estimated) $65
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $63,807
    Subordinated debt $0
    All other liabilities $5,996

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $532,374
    Loan and leases loss allowance $5,945
    Total loans and leases (domestic) $538,319
    All real estate loans $432,873
    Real estate loans in domestic offices $432,873
    Construction and development loans $74,835
    Residential 1-4 family construction $20,335
    Other construction, all land development and other land $54,500
    Loans secured by nonfarm nonresidential properties $182,384
    Nonfarm nonresidential secured by owner-occupied properties $135,977
    Commercial real estate & other non-farm, non-residential $46,407
    Multifamily residential real estate $8,601
    1-4 family residential loans $156,361
    Farmland loans $10,692
    Loans held in foreign offices $0
    Farm loans $1,343
    Commercial and industrial loans $93,450
    To non-U.S. addressees $0
    Loans to individuals $9,335
    Credit card loans $0
    Related Plans $41
    Consumer Auto Loans $3,305
    Other loans to individuals $5,989
    All other loans & leases $1,319
    Loans to foreign governments and official institutions $0
    Other loans $0
    Loans to depository institutions and acceptances of other banks $1,275
    Loans not secured by real estate $14,299
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $567
    Non 1-4 family restructured loans & leases $376
    Total loans and leases (foreign) $0

    Generations Bank had $532,374,000 of loans outstanding in 2021. $432,873,000 of loans were in real estate loans. $74,835,000 of loans were in development loans. $8,601,000 of loans were in multifamily mortgage loans. $156,361,000 of loans were in 1-4 family mortgage loans. $1,343,000 of loans were in farm loans. $0 of loans were in credit card loans. $3,305,000 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 189 $41,817 $221,254
    Nonfarm, nonresidential loans - <$100k 45 $1,799 $39,978
    Nonfarm, nonresidential loans - $100-250k 68 $8,888 $130,706
    Nonfarm, nonresidential loans - $250k-1MM 76 $31,130 $409,605
    Commercial & Industrial, US addressed loans - <$1MM 598 $37,034 $61,930
    Commercial & Industrial, US addressed loans - <$100k 458 $10,096 $22,044
    Commercial & Industrial, US addressed loans - $100-250k 90 $9,765 $108,500
    Commercial & Industrial, US addressed loans - $250k-1MM 50 $17,173 $343,460
    Farmland loans - <$1MM 42 $4,124 $98,190
    Farmland loans - <$100k 19 $753 $39,632
    Farmland loans - $100-250k 15 $1,567 $104,467
    Farmland loans - $250k-1MM 8 $1,804 $225,500
    Agriculture operations loans - <$1MM 10 $707 $70,700
    Agriculture operations loans - <$100k 8 $340 $42,500
    Agriculture operations loans - $100-250k 2 $367 $183,500