The Piedmont Bank Mortgage Rates, Fees & Info

Norcross, GA

LEI: 549300T0T513EF0UT426

Tax ID: 43-2114621

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Mortgage Data

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

    The Piedmont Bank is a smaller bank specializing in Home Purchase and Refi loans. The Piedmont Bank has a high proportion of conventional loans. Their top markets by origination volume include: Atlanta, Crestview, Gainesville, San Juan, and Key West among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The Piedmont 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.

    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

    135

    Origination Dollar Volume (All Markets)

    $43,705,000

    Employee count

    136

    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
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 48 $17,750,000 $369,792 $0 0.00%
    Outside of Metro Areas 47 $8,555,000 $182,021 $0 0.00%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $3,640,000 $1,820,000 $0 0.00%
    GAINESVILLE, GA (FHA|USDA|VA) 15 $3,335,000 $222,333 $0 0.00%
    SAN JUAN-BAYAMÓN-CAGUAS, PR (FHA|USDA|VA) 1 $3,025,000 $3,025,000 $0 0.00%
    Key West, FL (FHA|USDA|VA) 1 $2,145,000 $2,145,000 $0 0.00%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $1,835,000 $1,835,000 $0 0.00%
    Jefferson, GA (FHA|USDA|VA) 12 $1,570,000 $130,833 $0 0.00%
    PANAMA CITY, FL (FHA|USDA|VA) 3 $885,000 $295,000 $0 0.00%
    ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 2 $460,000 $230,000 $0 0.00%
    Cornelia, GA (FHA|USDA|VA) 2 $300,000 $150,000 $0 0.00%
    WARNER ROBINS, GA (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
    The Piedmont Bank's top markets include Atlanta, Crestview, Gainesville, San Juan, and Key West among others.

    Their top states include:
  • Georgia (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Puerto Rico (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 135 $43,705,000 $323,741 $0 0.00%

    For 2020, The Piedmont Bank's most frequently originated type of loan was Conventional, with 135 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 78 $31,420,000 $402,821 $0 0.00%
    Refi 52 $11,610,000 $223,269 $0 0.00%
    Home Improvement 4 $580,000 $145,000 $0 0.00%
    Cash Out Refi 1 $95,000 $95,000 $0 0.00%

    For 2020, The Piedmont Bank's most frequently cited loan purpose was Home Purchase, with 78 originations. The 2nd most popular reason was Refi, with 52 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 135 $43,705,000 $323,741 $0 0.00%

    For 2020, The Piedmont Bank's most frequently cited loan duration was Other, with 135 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 47 $3,025,000 $64,362 $0 0.00%
    $100k-200k 37 $5,195,000 $140,405 $0 0.00%
    $200k-400k 22 $5,800,000 $263,636 $0 0.00%
    $600k-1MM 12 $8,300,000 $691,667 $0 0.00%
    $400k-600k 10 $4,580,000 $458,000 $0 0.00%
    $1MM+ 7 $16,805,000 $2,400,714 $0 0.00%

    2020 saw The Piedmont Bank place emphasis on $100,000 or less loans with 47 originations, totaling $3,025,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 16 $1,480,000 $92,500 $0 0.00%
    $150k-250k 12 $1,310,000 $109,167 $0 0.00%
    $50k-75k 11 $1,455,000 $132,273 $0 0.00%
    $50k or less 11 $545,000 $49,545 $0 0.00%
    $250k+ 10 $6,480,000 $648,000 $0 0.00%
    $75k-100k 6 $300,000 $50,000 $0 0.00%

    The Piedmont Bank lent most frequently to those with incomes in the $100k-150k range, with 16 originations. The second most popular income band? $150k-250k, with 12 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 135 $43,705,000 $323,741 $0 0.00%

    The Piedmont Bank lent most frequently to those with DTI ratios of Exempt%, with 135 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 65 $31,525,000 $485,000 $0 0.00%
    White 68 $11,850,000 $174,265 $0 0.00%
    Black 1 $255,000 $255,000 $0 0.00%
    Asian 1 $75,000 $75,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    99.31%

    The Piedmont 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 origination
    94.07%

    The Piedmont Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 135 $43,705,000 $323,741

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 2 $710,000 $355,000
    Multifamily:Site-Built 3 $1,595,000 $531,667
    Single Family (1-4 Units):Manufactured 17 $1,395,000 $82,059
    Single Family (1-4 Units):Site-Built 113 $40,005,000 $354,027

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The Piedmont Bank 1035 Old Peachtree Road, Nw Lawrenceville, GA 30043 Full Service B&M $70,132
    The Piedmont Bank 1045 Peachtree Parkway Cumming, GA 30041 Full Service B&M $112,891
    The Piedmont Bank 111 Collins Avenue Blue Ridge, GA 30513 Full Service B&M $23,791
    The Piedmont Bank 136 North Main Street Cleveland, GA 30528 Full Service B&M $189,214
    The Piedmont Bank 1420 Winder Highway Jefferson, GA 30549 Full Service B&M $123,409
    The Piedmont Bank 1725 Mount Vernon Rd Dunwoody, GA 30338 Full Service B&M $126,033
    The Piedmont Bank 185 Gwinnett Drive Lawrenceville, GA 30046 Full Service B&M $127,184
    The Piedmont Bank 5070 Peachtree Boulevard, Suite B110 Chamblee, GA 30341 Full Service B&M $59,999
    The Piedmont Bank 5100 Peachtree Parkway Peachtree Corners, GA 30092 Full Service B&M $204,092
    The Piedmont Bank 5140 Cleveland Highway Clermont, GA 30527 Full Service B&M $26,184

    For 2020, The Piedmont Bank had 10 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $55,065
    Net interest income $45,913
    Total noninterest income $3,598
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $624
    Trading account gains and fees $0
    Additional Noninterest Income $2,974
    Pre-tax net operating income $21,813
    Securities gains (or losses, -) $0
    Income before extraordinary items $16,457
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $16,457
    Minority interest net income $0
    Net income $16,457
    Sale, conversion, retirement of capital stock, net $528
    Net operating income $16,457

    The Piedmont Bank's gross interest income from loans was $55,065,000.
    The Piedmont Bank's net interest income from loans was $45,913,000.
    The Piedmont Bank's fee based income from loans was $624,000.
    The Piedmont Bank's net income from loans was $16,457,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $9,152
    Provision for credit losses $2,554
    Total noninterest expense $25,144
    Salaries and employee benefits $16,406
    Premises and equipment expense $2,369
    Additional noninterest expense $6,369
    Applicable income taxes $5,356
    Net charge-offs $15
    Cash dividends $700

    The Piedmont Bank's interest expense for loans was $9,152,000.
    The Piedmont Bank's payroll and benefits expense were $16,406,000.
    The Piedmont Bank's property, plant and equipment expenses $2,369,000.

    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 1.0%
    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 $1,204,277
    Deposits held in domestic offices $1,204,277
    Deposits by Individuals, partnerships, and corporations $1,058,362
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $145,667
    Deposits by Commercial banks and other depository institutions in U.S. $248
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $542,498
    Demand deposits $365,656
    Nontransaction accounts $661,779
    Money market deposit accounts (MMDAs) $246,944
    Other savings deposits (excluding MMDAs) $20,539
    Total time deposits $394,297
    Total time and savings deposits $838,621
    Noninterest-bearing deposits $364,579
    Interest-bearing deposits $839,698
    Retail deposits $1,071,215
    IRAs and Keogh plan accounts $35,485
    Brokered deposits $26
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,369,330
    Cash & Balances due from depository institutions $213,175
    Interest-bearing balances $208,810
    Total securities $64,121
    Federal funds sold & reverse repurchase $13,000
    Net loans and leases $1,006,932
    Loan and leases loss allowance $10,063
    Trading account assets $0
    Bank premises and fixed assets $19,089
    Other real estate owned $1,127
    Goodwill and other intangibles $9,559
    All other assets $42,327

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,369,330
    Total Liabilities $1,230,821
    Total deposits $1,204,277
    Interest-bearing deposits $839,698
    Deposits held in domestic offices $1,204,277
    % insured (estimated) $41
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $20,000
    Subordinated debt $0
    All other liabilities $6,544

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,006,932
    Loan and leases loss allowance $10,063
    Total loans and leases (domestic) $1,016,995
    All real estate loans $749,641
    Real estate loans in domestic offices $749,641
    Construction and development loans $193,808
    Residential 1-4 family construction $52,120
    Other construction, all land development and other land $141,688
    Loans secured by nonfarm nonresidential properties $432,106
    Nonfarm nonresidential secured by owner-occupied properties $235,906
    Commercial real estate & other non-farm, non-residential $196,200
    Multifamily residential real estate $11,884
    1-4 family residential loans $107,273
    Farmland loans $4,570
    Loans held in foreign offices $0
    Farm loans $1,910
    Commercial and industrial loans $238,751
    To non-U.S. addressees $0
    Loans to individuals $7,231
    Credit card loans $0
    Related Plans $1,736
    Consumer Auto Loans $779
    Other loans to individuals $4,716
    All other loans & leases $23,066
    Loans to foreign governments and official institutions $0
    Other loans $995
    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

    The Piedmont Bank had $1,006,932,000 of loans outstanding in 2020. $749,641,000 of loans were in real estate loans. $193,808,000 of loans were in development loans. $11,884,000 of loans were in multifamily mortgage loans. $107,273,000 of loans were in 1-4 family mortgage loans. $1,910,000 of loans were in farm loans. $0 of loans were in credit card loans. $779,000 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 337 $99,336 $294,766
    Nonfarm, nonresidential loans - <$100k 50 $1,898 $37,960
    Nonfarm, nonresidential loans - $100-250k 94 $12,970 $137,979
    Nonfarm, nonresidential loans - $250k-1MM 193 $84,468 $437,658
    Commercial & Industrial, US addressed loans - <$1MM 1,155 $109,561 $94,858
    Commercial & Industrial, US addressed loans - <$100k 715 $20,583 $28,787
    Commercial & Industrial, US addressed loans - $100-250k 216 $25,892 $119,870
    Commercial & Industrial, US addressed loans - $250k-1MM 224 $63,086 $281,634
    Farmland loans - <$1MM 21 $2,718 $129,429
    Farmland loans - <$100k 7 $321 $45,857
    Farmland loans - $100-250k 12 $1,887 $157,250
    Farmland loans - $250k-1MM 2 $510 $255,000
    Agriculture operations loans - <$1MM 7 $830 $118,571
    Agriculture operations loans - <$100k 4 $156 $39,000
    Agriculture operations loans - $100-250k 1 $208 $208,000
    Agriculture operations loans - $250k-1MM 2 $466 $233,000