Trupoint Bank Mortgage Rates, Fees & Info

Grundy, VA

LEI: 549300TELLWSMYL9RE90

Tax ID: 54-0924883

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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

    Trupoint Bank is a smaller bank specializing in various types of mortgages.



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    Originations

    0

    Origination Dollar Volume (All Markets)

    $0

    Employee count

    115

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Trupoint Bank 20089 Riverside Drive Grundy, VA 24614 Full Service B&M $74,667
    Trupoint Bank 1009 Walnut Street Grundy, VA 24614 Full Service B&M $94,990
    Trupoint Bank 10881 Riverside Drive Oakwood, VA 24631 Full Service B&M $28,830
    Trupoint Bank 116 Executive Park Asheville, NC 28801 Full Service B&M $25,466
    Trupoint Bank 116 South East Main St Lebanon, VA 24266 Full Service B&M $41,553
    Trupoint Bank 13250 Governor G C Peery Highway Pounding Mill, VA 24637 Full Service B&M $14,591
    Trupoint Bank 1425 Second Street Richlands, VA 24641 Full Service B&M $38,253
    Trupoint Bank 16552 Russell Street Saint Paul, VA 24283 Full Service B&M $44,654
    Trupoint Bank 1897 Lee Highway Bristol, VA 24201 Full Service B&M $26,702
    Trupoint Bank 600 East Main Street Abingdon, VA 24212 Full Service B&M $19,104
    Trupoint Bank 709 Medtech Pkwy, 709 Medtech Pkwy Johnson City, TN 37604 Full Service B&M $17,969
    Trupoint Bank 914 West Main Street Abingdon, VA 24210 Full Service B&M $25,381

    For 2021, Trupoint Bank had 12 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $16,320
    Net interest income $15,318
    Total noninterest income $3,883
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $883
    Trading account gains and fees $0
    Additional Noninterest Income $3,000
    Pre-tax net operating income $6,284
    Securities gains (or losses, -) $0
    Income before extraordinary items $5,164
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,164
    Minority interest net income $0
    Net income $5,164
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $5,164

    Trupoint Bank's gross interest income from loans was $16,320,000.
    Trupoint Bank's net interest income from loans was $15,318,000.
    Trupoint Bank's fee based income from loans was $883,000.
    Trupoint Bank's net income from loans was $5,164,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,002
    Provision for credit losses $0
    Total noninterest expense $12,917
    Salaries and employee benefits $7,484
    Premises and equipment expense $1,328
    Additional noninterest expense $4,105
    Applicable income taxes $1,120
    Net charge-offs $20
    Cash dividends $613

    Trupoint Bank's interest expense for loans was $1,002,000.
    Trupoint Bank's payroll and benefits expense were $7,484,000.
    Trupoint Bank's property, plant and equipment expenses $1,328,000.

    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 $474,511
    Deposits held in domestic offices $474,511
    Deposits by Individuals, partnerships, and corporations $417,105
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $57,406
    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 $270,317
    Demand deposits $125,831
    Nontransaction accounts $204,194
    Money market deposit accounts (MMDAs) $14,028
    Other savings deposits (excluding MMDAs) $103,965
    Total time deposits $86,201
    Total time and savings deposits $348,680
    Noninterest-bearing deposits $125,831
    Interest-bearing deposits $348,680
    Retail deposits $460,590
    IRAs and Keogh plan accounts $17,204
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $552,432
    Cash & Balances due from depository institutions $26,322
    Interest-bearing balances $21,918
    Total securities $172,169
    Federal funds sold & reverse repurchase $0
    Net loans and leases $322,070
    Loan and leases loss allowance $3,763
    Trading account assets $0
    Bank premises and fixed assets $9,025
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $22,846

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $552,432
    Total Liabilities $501,178
    Total deposits $474,511
    Interest-bearing deposits $348,680
    Deposits held in domestic offices $474,511
    % insured (estimated) $74
    Federal funds purchased and repurchase agreements $7,847
    Trading liabilities $0
    Other borrowed funds $15,000
    Subordinated debt $0
    All other liabilities $3,820

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $322,070
    Loan and leases loss allowance $3,763
    Total loans and leases (domestic) $325,833
    All real estate loans $189,675
    Real estate loans in domestic offices $189,675
    Construction and development loans $8,226
    Residential 1-4 family construction $2,563
    Other construction, all land development and other land $5,663
    Loans secured by nonfarm nonresidential properties $102,987
    Nonfarm nonresidential secured by owner-occupied properties $50,408
    Commercial real estate & other non-farm, non-residential $52,579
    Multifamily residential real estate $20,374
    1-4 family residential loans $58,088
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $117,842
    To non-U.S. addressees $0
    Loans to individuals $18,316
    Credit card loans $0
    Related Plans $62
    Consumer Auto Loans $2,391
    Other loans to individuals $15,863
    All other loans & leases $0
    Loans to foreign governments and official institutions $0
    Other loans $0
    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

    TruPoint Bank had $322,070,000 of loans outstanding in 2021. $189,675,000 of loans were in real estate loans. $8,226,000 of loans were in development loans. $20,374,000 of loans were in multifamily mortgage loans. $58,088,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $2,391,000 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 $47,044 $267,295
    Nonfarm, nonresidential loans - <$100k 25 $728 $29,120
    Nonfarm, nonresidential loans - $100-250k 64 $7,553 $118,016
    Nonfarm, nonresidential loans - $250k-1MM 87 $38,763 $445,552
    Commercial & Industrial, US addressed loans - <$1MM 924 $104,583 $113,185
    Commercial & Industrial, US addressed loans - <$100k 447 $18,632 $41,682
    Commercial & Industrial, US addressed loans - $100-250k 330 $43,331 $131,306
    Commercial & Industrial, US addressed loans - $250k-1MM 147 $42,620 $289,932