Premier Valley Bank Mortgage Rates, Fees & Info
Fresno, CALEI: 549300QX1R00EP1GE389
Tax ID: 81-0761829
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Mortgage Data
Bank Data
Review & Overview
Premier Valley Bank is a smaller bank specializing in Home Purchase and Refi loans. Premier Valley Bank has a high proportion of conventional loans. Their top markets by origination volume include: Fresno, Madera, and San Luis Obispo among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Premier Valley Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
8Origination Dollar Volume (All Markets)
$2,600,000Employee count
81Top 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 |
|---|---|---|---|---|---|
| FRESNO, CA (FHA|USDA|VA) | 3 | $1,585,000 | $528,333 | $0 | 0.00% |
| MADERA, CA (FHA|USDA|VA) | 3 | $795,000 | $265,000 | $0 | 0.00% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $15,000 | $15,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 8 | $2,600,000 | $325,000 | $0 | 0.00% |
For 2019, Premier Valley Bank's most frequently originated type of loan was Conventional, with 8 originations.
Loan Reason
For 2019, Premier Valley Bank's most frequently cited loan purpose was Other, with 3 originations. The 2nd most popular reason was Home Purchase, with 2 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 8 | $2,600,000 | $325,000 | $0 | 0.00% |
For 2019, Premier Valley Bank's most frequently cited loan duration was Other, with 8 originations.
Loan Sizing
2019 saw Premier Valley Bank place emphasis on $100,000 or less loans with 4 originations, totaling $130,000 in origination value.
Applicant Income
Premier Valley Bank lent most frequently to those with incomes in the $100k-150k range, with 1 originations. The second most popular income band? $50k-75k, with 1 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 8 | $2,600,000 | $325,000 | $0 | 0.00% |
Premier Valley Bank lent most frequently to those with DTI ratios of Exempt%, with 8 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications71.43%
Premier Valley Bank has a below average approval rate.
Pick Rate
Approvals leading to origination87.50%
Premier Valley Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 8 | $2,600,000 | $325,000 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 3 | $2,265,000 | $755,000 |
| Single Family (1-4 Units):Site-Built | 5 | $335,000 | $67,000 |
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Premier Lending, Inc. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Premier Valley Bank | 5371 Highway 49 North Mariposa, CA 95338 | Full Service B&M | $84,232 |
| Premier Valley Bank | 1245 Spring Street Paso Robles, CA 93446 | Full Service B&M | $3,952 |
| Premier Valley Bank | 18580 Main Street Groveland, CA 95321 | Full Service B&M | $33,497 |
| Premier Valley Bank | 237 Higuera Street San Luis Obispo, CA 93401 | Full Service B&M | $119,699 |
| Premier Valley Bank | 255 East River Park Circle Suite 180 Fresno, CA 93720 | Full Service B&M | $331,894 |
| Premier Valley Bank | 310 Morro Bay Blvd Morro Bay, CA 93442 | Full Service B&M | $10,642 |
| Premier Valley Bank | 40061 Highway 49 Oakhurst, CA 93644 | Full Service B&M | $75,954 |
| Premier Valley Bank | 863 Marsh Street San Luis Obispo, CA 93401 | Full Service B&M | $29,513 |
For 2019, Premier Valley Bank had 8 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $37,326 |
| Net interest income | $34,354 |
| Total noninterest income | $4,515 |
| Gross Fiduciary activities income | $87 |
| Service charges on deposit accounts | $1,535 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $2,893 |
| Pre-tax net operating income | $14,891 |
| Securities gains (or losses, -) | $484 |
| Income before extraordinary items | $11,774 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $11,774 |
| Minority interest net income | $0 |
| Net income | $11,774 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $11,391 |
Premier Valley Bank's gross interest income from loans was $37,326,000.
Premier Valley Bank's net interest income from loans was $34,354,000.
Premier Valley Bank's fee based income from loans was $1,535,000.
Premier Valley Bank's net income from loans was $11,774,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $2,972 |
| Provision for credit losses | $1,555 |
| Total noninterest expense | $22,423 |
| Salaries and employee benefits | $8,459 |
| Premises and equipment expense | $1,959 |
| Additional noninterest expense | $12,005 |
| Applicable income taxes | $3,601 |
| Net charge-offs | $1,029 |
| Cash dividends | $8,000 |
Premier Valley Bank's interest expense for loans was $2,972,000.
Premier Valley Bank's payroll and benefits expense were $8,459,000.
Premier Valley Bank's property, plant and equipment expenses $1,959,000.
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 | 2.0% |
| 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 | $707,814 |
| Deposits held in domestic offices | $707,814 |
| Deposits by Individuals, partnerships, and corporations | $692,788 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $15,026 |
| 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 | $137,966 |
| Demand deposits | $58,867 |
| Nontransaction accounts | $569,848 |
| Money market deposit accounts (MMDAs) | $440,397 |
| Other savings deposits (excluding MMDAs) | $71,374 |
| Total time deposits | $58,077 |
| Total time and savings deposits | $648,947 |
| Noninterest-bearing deposits | $324,415 |
| Interest-bearing deposits | $383,399 |
| Retail deposits | $702,129 |
| IRAs and Keogh plan accounts | $5,374 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $903,220 |
| Cash & Balances due from depository institutions | $24,687 |
| Interest-bearing balances | $4,298 |
| Total securities | $238,929 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $535,301 |
| Loan and leases loss allowance | $3,908 |
| Trading account assets | $4,073 |
| Bank premises and fixed assets | $7,755 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $59,628 |
| All other assets | $32,847 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $903,220 |
| Total Liabilities | $759,457 |
| Total deposits | $707,814 |
| Interest-bearing deposits | $383,399 |
| Deposits held in domestic offices | $707,814 |
| % insured (estimated) | $66 |
| Federal funds purchased and repurchase agreements | $9,700 |
| Trading liabilities | $4,073 |
| Other borrowed funds | $34,073 |
| Subordinated debt | $0 |
| All other liabilities | $3,797 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $535,301 |
| Loan and leases loss allowance | $3,908 |
| Total loans and leases (domestic) | $539,209 |
| All real estate loans | $360,113 |
| Real estate loans in domestic offices | $360,113 |
| Construction and development loans | $73,179 |
| Residential 1-4 family construction | $6,977 |
| Other construction, all land development and other land | $66,202 |
| Loans secured by nonfarm nonresidential properties | $230,967 |
| Nonfarm nonresidential secured by owner-occupied properties | $119,436 |
| Commercial real estate & other non-farm, non-residential | $111,531 |
| Multifamily residential real estate | $15,030 |
| 1-4 family residential loans | $36,743 |
| Farmland loans | $4,194 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $130,962 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $2,421 |
| Credit card loans | $326 |
| Related Plans | $1,572 |
| Consumer Auto Loans | $136 |
| Other loans to individuals | $387 |
| All other loans & leases | $45,713 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $96 |
| 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 $535,301,000 of loans outstanding in 2019. $360,113,000 of loans were in real estate loans. $73,179,000 of loans were in development loans. $15,030,000 of loans were in multifamily mortgage loans. $36,743,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $326,000 of loans were in credit card loans. $136,000 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 | 171 | $48,221 | $281,994 |
| Nonfarm, nonresidential loans - <$100k | 8 | $331 | $41,375 |
| Nonfarm, nonresidential loans - $100-250k | 52 | $7,160 | $137,692 |
| Nonfarm, nonresidential loans - $250k-1MM | 111 | $40,730 | $366,937 |
| Commercial & Industrial, US addressed loans - <$1MM | 466 | $39,257 | $84,242 |
| Commercial & Industrial, US addressed loans - <$100k | 204 | $4,013 | $19,672 |
| Commercial & Industrial, US addressed loans - $100-250k | 141 | $11,119 | $78,858 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 121 | $24,125 | $199,380 |
| Farmland loans - <$1MM | 2 | $495 | $247,500 |
| Farmland loans - $250k-1MM | 2 | $495 | $247,500 |