Premier Valley Bank Mortgage Rates, Fees & Info

Fresno, CA

LEI: 549300QX1R00EP1GE389

Tax ID: 81-0761829

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    Premier Valley Bank is a smaller bank specializing in Refi, Home Purchase, and Cash Out Refi loans. Premier Valley Bank has a high proportion of conventional loans. Their top markets by origination volume include: San Luis Obispo, Fresno, and Madera among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Premier Valley Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Premier Valley Bank is typically a high 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.

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    Originations

    15

    Origination Dollar Volume (All Markets)

    $5,185,000

    Employee count

    86

    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
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 8 $3,040,000 $380,000 $9,485 5.68%
    FRESNO, CA (FHA|USDA|VA) 3 $1,775,000 $591,667 $13,440 5.17%
    MADERA, CA (FHA|USDA|VA) 4 $370,000 $92,500 $282 6.06%
    Premier Valley Bank's top markets include San Luis Obispo, Fresno, and Madera among others.

    Their top states include:
  • California (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 15 $5,185,000 $345,667 $6,595 5.68%

    For 2018, Premier Valley Bank's most frequently originated type of loan was Conventional, with 15 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 6 $1,310,000 $218,333 $242 5.99%
    Home Purchase 4 $1,990,000 $497,500 $11,997 6.50%
    Home Improvement 3 $575,000 $191,667 $2,641 4.75%
    Cash Out Refi 2 $1,310,000 $655,000 $10,775 4.50%

    For 2018, Premier Valley Bank's most frequently cited loan purpose was Refi, with 6 originations. The 2nd most popular reason was Home Purchase, with 4 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 8 $4,330,000 $541,250 $10,803 4.40%
    15 Year 2 $200,000 $100,000 $295 5.50%
    Other 2 $420,000 $210,000 $0 9.38%
    10 Year 1 $15,000 $15,000 $302 5.75%
    20 Year 1 $155,000 $155,000 $238 7.50%
    5 Year 1 $65,000 $65,000 $0 7.00%

    For 2018, Premier Valley Bank's most frequently cited loan duration was 30 Year, with 8 originations. The 2nd most popular length was 15 Year, with 2 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 6 $3,690,000 $615,000
    $<1k 4 $370,000 $92,500

    Premier Valley Bank's average total fees were $10,803, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 6 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 4 $1,680,000 $420,000
    4-5% 4 $2,290,000 $572,500
    6-7% 3 $515,000 $171,667
    5-6% 2 $510,000 $255,000
    7-8% 1 $155,000 $155,000
    Over 8% 1 $35,000 $35,000

    During 2018, Premier Valley Bank's average interest rate for loans was 4.40%, while their most frequently originated rate bucket for loans was 3-4%, with 4 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 4 $180,000 $45,000 $274 8.00%
    $400k-600k 4 $1,980,000 $495,000 $9,485 4.69%
    $200k-400k 3 $1,025,000 $341,667 $0 4.82%
    $100k-200k 2 $290,000 $145,000 $291 5.75%
    $600k-1MM 2 $1,710,000 $855,000 $13,440 4.25%

    2018 saw Premier Valley Bank place emphasis on $100,000 or less loans with 4 originations, totaling $180,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 5 $2,175,000 $435,000 $7,295 5.65%
    $150k-250k 3 $1,225,000 $408,333 $12,805 5.15%
    $100k-150k 2 $930,000 $465,000 $8,011 4.50%
    $50k-75k 2 $300,000 $150,000 $302 4.88%
    $75k-100k 2 $170,000 $85,000 $344 8.12%

    Premier Valley Bank lent most frequently to those with incomes in the $250k+ range, with 5 originations. The second most popular income band? $150k-250k, with 3 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 3 $925,000 $308,333 $5,565 4.73%
    39% 2 $220,000 $110,000 $242 7.25%
    30-36% 2 $460,000 $230,000 $7,278 8.38%
    36% 2 $640,000 $320,000 $4,544 4.25%
    50-60% 1 $285,000 $285,000 $0 4.00%
    44% 1 $905,000 $905,000 $14,075 4.00%
    47% 1 $805,000 $805,000 $12,805 4.50%
    <20% 1 $495,000 $495,000 $11,087 5.25%

    Premier Valley Bank lent most frequently to those with DTI ratios of 20-30%, with 3 originations. The next most common DTI ratio? 39%, with 2 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 7 $2,275,000 $325,000 $5,499 4.46%
    Not provided 3 $1,365,000 $455,000 $11,946 5.58%
    Asian 3 $1,125,000 $375,000 $4,853 6.17%
    Not applicable 1 $385,000 $385,000 $0 6.50%
    American Indian 1 $35,000 $35,000 $0 12.25%

    Approval Rates

    Total approvals of all applications
    94.12%

    Premier Valley Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    93.33%

    Premier Valley Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 1 $35,000 $35,000
    NA 14 $5,150,000 $367,857

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 2 $530,000 $265,000
    Single Family (1-4 Units):Site-Built 13 $4,655,000 $358,077

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 4 $1,600,000 $400,000 $8,011 4.88%
    40-60% 3 $555,000 $185,000 $344 4.98%
    60-80% 4 $1,890,000 $472,500 $11,573 6.63%
    80-100% 1 $905,000 $905,000 $14,075 4.00%
    Under 20% 3 $235,000 $78,333 $262 6.75%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Primary Capital Mortgage, LLC VA mortgage Trouble during payment process 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Premier Valley Bank 1245 Spring Street Paso Robles, CA 93446 Full Service B&M $2,877
    Premier Valley Bank 18580 Main Street Groveland, CA 95321 Full Service B&M $33,951
    Premier Valley Bank 237 Higuera Street San Luis Obispo, CA 93401 Full Service B&M $136,287
    Premier Valley Bank 255 East River Park Circle Suite 180 Fresno, CA 93720 Full Service B&M $326,833
    Premier Valley Bank 310 Morro Bay Blvd Morro Bay, CA 93442 Full Service B&M $10,660
    Premier Valley Bank 40061 Highway 49 Oakhurst, CA 93644 Full Service B&M $78,822
    Premier Valley Bank 5371 Highway 49 North Mariposa, CA 95338 Full Service B&M $80,852
    Premier Valley Bank 863 Marsh Street San Luis Obispo, CA 93401 Full Service B&M $26,177

    For 2018, Premier Valley Bank had 8 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $34,782
    Net interest income $33,291
    Total noninterest income $3,926
    Gross Fiduciary activities income $5
    Service charges on deposit accounts $1,431
    Trading account gains and fees $0
    Additional Noninterest Income $2,490
    Pre-tax net operating income $14,154
    Securities gains (or losses, -) $-72
    Income before extraordinary items $10,973
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $10,973
    Minority interest net income $0
    Net income $10,973
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $11,029

    Premier Valley Bank's gross interest income from loans was $34,782,000.
    Premier Valley Bank's net interest income from loans was $33,291,000.
    Premier Valley Bank's fee based income from loans was $1,431,000.
    Premier Valley Bank's net income from loans was $10,973,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,491
    Provision for credit losses $1,365
    Total noninterest expense $21,698
    Salaries and employee benefits $7,969
    Premises and equipment expense $2,211
    Additional noninterest expense $11,518
    Applicable income taxes $3,109
    Net charge-offs $538
    Cash dividends $9,500

    Premier Valley Bank's interest expense for loans was $1,491,000.
    Premier Valley Bank's payroll and benefits expense were $7,969,000.
    Premier Valley Bank's property, plant and equipment expenses $2,211,000.

    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 3.0%
    Personal loans 0.0%
    Credit card loans 0.4%
    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 $639,194
    Deposits held in domestic offices $639,194
    Deposits by Individuals, partnerships, and corporations $635,331
    Deposits by U.S. Government $1
    Deposits by States and political subdivisions in the U.S. $3,862
    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 $114,127
    Demand deposits $56,331
    Nontransaction accounts $525,067
    Money market deposit accounts (MMDAs) $417,390
    Other savings deposits (excluding MMDAs) $70,835
    Total time deposits $36,842
    Total time and savings deposits $582,863
    Noninterest-bearing deposits $303,054
    Interest-bearing deposits $336,140
    Retail deposits $630,281
    IRAs and Keogh plan accounts $5,559
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $849,696
    Cash & Balances due from depository institutions $20,114
    Interest-bearing balances $7,255
    Total securities $228,137
    Federal funds sold & reverse repurchase $0
    Net loans and leases $504,975
    Loan and leases loss allowance $3,382
    Trading account assets $870
    Bank premises and fixed assets $4,500
    Other real estate owned $0
    Goodwill and other intangibles $60,841
    All other assets $30,259

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $849,696
    Total Liabilities $710,959
    Total deposits $639,194
    Interest-bearing deposits $336,140
    Deposits held in domestic offices $639,194
    % insured (estimated) $69
    Federal funds purchased and repurchase agreements $19,100
    Trading liabilities $870
    Other borrowed funds $45,605
    Subordinated debt $0
    All other liabilities $6,190

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $504,975
    Loan and leases loss allowance $3,382
    Total loans and leases (domestic) $508,357
    All real estate loans $343,849
    Real estate loans in domestic offices $343,849
    Construction and development loans $51,004
    Residential 1-4 family construction $3,566
    Other construction, all land development and other land $47,438
    Loans secured by nonfarm nonresidential properties $234,462
    Nonfarm nonresidential secured by owner-occupied properties $100,565
    Commercial real estate & other non-farm, non-residential $133,897
    Multifamily residential real estate $12,272
    1-4 family residential loans $44,389
    Farmland loans $1,722
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $118,086
    To non-U.S. addressees $0
    Loans to individuals $1,664
    Credit card loans $246
    Related Plans $707
    Consumer Auto Loans $350
    Other loans to individuals $361
    All other loans & leases $44,758
    Loans to foreign governments and official institutions $0
    Other loans $94
    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 $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Premier Valley Bank had $504,975,000 of loans outstanding in 2018. $343,849,000 of loans were in real estate loans. $51,004,000 of loans were in development loans. $12,272,000 of loans were in multifamily mortgage loans. $44,389,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $246,000 of loans were in credit card loans. $350,000 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 176 $51,248 $291,182
    Nonfarm, nonresidential loans - <$100k 4 $168 $42,000
    Nonfarm, nonresidential loans - $100-250k 53 $7,243 $136,660
    Nonfarm, nonresidential loans - $250k-1MM 119 $43,837 $368,378
    Commercial & Industrial, US addressed loans - <$1MM 470 $39,777 $84,632
    Commercial & Industrial, US addressed loans - <$100k 207 $4,438 $21,440
    Commercial & Industrial, US addressed loans - $100-250k 133 $8,390 $63,083
    Commercial & Industrial, US addressed loans - $250k-1MM 130 $26,949 $207,300
    Farmland loans - <$1MM 2 $420 $210,000
    Farmland loans - $100-250k 1 $29 $29,000
    Farmland loans - $250k-1MM 1 $391 $391,000