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 Refi and Home Purchase loans. Premier Valley Bank has a high proportion of conventional loans. Their top markets by origination volume include: Fresno, Santa Maria, Reno, Madera, and San Luis Obispo among others. We have data for 5 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)
$5,200,000Employee count
66Top 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 | $2,965,000 | $988,333 | $758 | 4.65% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $1,095,000 | $1,095,000 | $0 | 7.25% |
| RENO, NV (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $0 | 4.25% |
| MADERA, CA (FHA|USDA|VA) | 2 | $100,000 | $50,000 | $410 | 3.75% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $653 | 11.25% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 8 | $5,200,000 | $650,000 | $558 | 5.53% |
For 2020, Premier Valley Bank's most frequently originated type of loan was Conventional, with 8 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 4 | $2,170,000 | $542,500 | $533 | 6.63% |
| Home Purchase | 2 | $2,460,000 | $1,230,000 | $0 | 3.98% |
| Home Improvement | 2 | $570,000 | $285,000 | $582 | 4.88% |
For 2020, Premier Valley Bank's most frequently cited loan purpose was Refi, with 4 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 | 4 | $1,930,000 | $482,500 | $410 | 4.78% |
| 10 Year | 3 | $2,765,000 | $921,667 | $653 | 6.37% |
| 20 Year | 1 | $505,000 | $505,000 | $758 | 6.00% |
For 2020, Premier Valley Bank's most frequently cited loan duration was Other, with 4 originations. The 2nd most popular length was 10 Year, with 3 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 4 | $640,000 | $160,000 |
Premier Valley Bank's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 4 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 3 | $1,825,000 | $608,333 |
| 4-5% | 2 | $1,740,000 | $870,000 |
| 5-6% | 1 | $505,000 | $505,000 |
| 7-8% | 1 | $1,095,000 | $1,095,000 |
| Over 8% | 1 | $35,000 | $35,000 |
During 2020, Premier Valley Bank's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 3-4%, with 3 originations.
Loan Sizing
2020 saw Premier Valley Bank place emphasis on $100,000 or less loans with 3 originations, totaling $135,000 in origination value.
Applicant Income
Premier Valley Bank lent most frequently to those with incomes in the $150k-250k range, with 1 originations. The second most popular income band? $250k+, with 1 originations.
Applicant Debt to Income Ratio
Premier Valley Bank lent most frequently to those with DTI ratios of <20%, with 1 originations. The next most common DTI ratio? 20-30%, with 1 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications83.33%
Premier Valley Bank has a below average approval rate.
Pick Rate
Approvals leading to origination75.00%
Premier Valley Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 8 | $5,200,000 | $650,000 |
Occupancy Type Mix
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 40-60% | 1 | $1,005,000 | $1,005,000 | $0 | 4.25% |
| 60-80% | 4 | $4,060,000 | $1,015,000 | $758 | 5.30% |
| Under 20% | 3 | $135,000 | $45,000 | $491 | 6.25% |
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Premier Mortgage, LLC | VA 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 | 1245 Spring Street Paso Robles, CA 93446 | Full Service B&M | $11,343 |
| Premier Valley Bank | 18580 Main Street Groveland, CA 95321 | Full Service B&M | $36,865 |
| Premier Valley Bank | 237 Higuera Street San Luis Obispo, CA 93401 | Full Service B&M | $126,990 |
| Premier Valley Bank | 255 East River Park Circle Suite 180 Fresno, CA 93720 | Full Service B&M | $457,070 |
| Premier Valley Bank | 310 Morro Bay Blvd Morro Bay, CA 93442 | Full Service B&M | $16,123 |
| Premier Valley Bank | 40061 Highway 49 Oakhurst, CA 93644 | Full Service B&M | $92,961 |
| Premier Valley Bank | 5371 Highway 49 North Mariposa, CA 95338 | Full Service B&M | $97,150 |
| Premier Valley Bank | 863 Marsh Street San Luis Obispo, CA 93401 | Full Service B&M | $30,663 |
For 2020, Premier Valley Bank had 8 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $34,372 |
| Net interest income | $33,449 |
| Total noninterest income | $3,558 |
| Gross Fiduciary activities income | $91 |
| Service charges on deposit accounts | $1,338 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $2,129 |
| Pre-tax net operating income | $5,457 |
| Securities gains (or losses, -) | $213 |
| Income before extraordinary items | $4,552 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $4,552 |
| Minority interest net income | $0 |
| Net income | $4,552 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $4,381 |
Premier Valley Bank's gross interest income from loans was $34,372,000.
Premier Valley Bank's net interest income from loans was $33,449,000.
Premier Valley Bank's fee based income from loans was $1,338,000.
Premier Valley Bank's net income from loans was $4,552,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $923 |
| Provision for credit losses | $9,850 |
| Total noninterest expense | $21,700 |
| Salaries and employee benefits | $6,922 |
| Premises and equipment expense | $2,270 |
| Additional noninterest expense | $12,508 |
| Applicable income taxes | $1,118 |
| Net charge-offs | $6,672 |
| Cash dividends | $7,000 |
Premier Valley Bank's interest expense for loans was $923,000.
Premier Valley Bank's payroll and benefits expense were $6,922,000.
Premier Valley Bank's property, plant and equipment expenses $2,270,000.
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 | 0.3% |
| 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 | $836,984 |
| Deposits held in domestic offices | $836,984 |
| Deposits by Individuals, partnerships, and corporations | $819,536 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $17,448 |
| 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 | $162,718 |
| Demand deposits | $90,575 |
| Nontransaction accounts | $674,266 |
| Money market deposit accounts (MMDAs) | $528,371 |
| Other savings deposits (excluding MMDAs) | $90,985 |
| Total time deposits | $54,910 |
| Total time and savings deposits | $746,409 |
| Noninterest-bearing deposits | $419,314 |
| Interest-bearing deposits | $417,670 |
| Retail deposits | $833,823 |
| IRAs and Keogh plan accounts | $4,675 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $1,076,615 |
| Cash & Balances due from depository institutions | $17,057 |
| Interest-bearing balances | $4,176 |
| Total securities | $331,939 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $613,564 |
| Loan and leases loss allowance | $6,704 |
| Trading account assets | $8,872 |
| Bank premises and fixed assets | $7,047 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $58,578 |
| All other assets | $39,558 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $1,076,615 |
| Total Liabilities | $929,027 |
| Total deposits | $836,984 |
| Interest-bearing deposits | $417,670 |
| Deposits held in domestic offices | $836,984 |
| % insured (estimated) | $63 |
| Federal funds purchased and repurchase agreements | $49,150 |
| Trading liabilities | $8,872 |
| Other borrowed funds | $28,803 |
| Subordinated debt | $0 |
| All other liabilities | $5,218 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $613,564 |
| Loan and leases loss allowance | $6,704 |
| Total loans and leases (domestic) | $620,268 |
| All real estate loans | $376,612 |
| Real estate loans in domestic offices | $376,612 |
| Construction and development loans | $50,741 |
| Residential 1-4 family construction | $6,771 |
| Other construction, all land development and other land | $43,970 |
| Loans secured by nonfarm nonresidential properties | $269,784 |
| Nonfarm nonresidential secured by owner-occupied properties | $140,465 |
| Commercial real estate & other non-farm, non-residential | $129,319 |
| Multifamily residential real estate | $21,773 |
| 1-4 family residential loans | $30,079 |
| Farmland loans | $4,235 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $190,771 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $7,066 |
| Credit card loans | $297 |
| Related Plans | $2,136 |
| Consumer Auto Loans | $136 |
| Other loans to individuals | $4,497 |
| All other loans & leases | $46,486 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $78 |
| 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 $613,564,000 of loans outstanding in 2020. $376,612,000 of loans were in real estate loans. $50,741,000 of loans were in development loans. $21,773,000 of loans were in multifamily mortgage loans. $30,079,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $297,000 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 | 173 | $52,063 | $300,942 |
| Nonfarm, nonresidential loans - <$100k | 13 | $445 | $34,231 |
| Nonfarm, nonresidential loans - $100-250k | 50 | $7,145 | $142,900 |
| Nonfarm, nonresidential loans - $250k-1MM | 110 | $44,473 | $404,300 |
| Commercial & Industrial, US addressed loans - <$1MM | 820 | $80,030 | $97,598 |
| Commercial & Industrial, US addressed loans - <$100k | 424 | $12,298 | $29,005 |
| Commercial & Industrial, US addressed loans - $100-250k | 225 | $23,169 | $102,973 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 171 | $44,563 | $260,602 |
| Farmland loans - <$1MM | 2 | $641 | $320,500 |
| Farmland loans - $250k-1MM | 2 | $641 | $320,500 |