Mountain Valley Bank Mortgage Rates, Fees & Info

Dunlap, TN

LEI: 549300VTVP64BKEO3L58

Tax ID: 62-0352350

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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

    Mountain Valley Bank is a smaller bank specializing in Refi and Home Purchase loans. Mountain Valley Bank has a high proportion of conventional loans. Their top markets by origination volume include: Chattanooga, Cleveland, and Tullahoma among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Mountain 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.

    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

    128

    Origination Dollar Volume (All Markets)

    $11,410,000

    Employee count

    36

    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
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 93 $8,345,000 $89,731 $0 0.00%
    Outside of Metro Areas 30 $1,610,000 $53,667 $0 0.00%
    CLEVELAND, TN (FHA|USDA|VA) 1 $935,000 $935,000 $0 0.00%
    Tullahoma-Manchester, TN (FHA|USDA|VA) 4 $520,000 $130,000 $0 0.00%
    Mountain Valley Bank's top markets include Chattanooga, Cleveland, and Tullahoma among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 128 $11,410,000 $89,141 $0 0.00%

    For 2018, Mountain Valley Bank's most frequently originated type of loan was Conventional, with 128 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 73 $5,835,000 $79,932 $0 0.00%
    Home Purchase 47 $5,285,000 $112,447 $0 0.00%
    Home Improvement 4 $120,000 $30,000 $0 0.00%
    Other 4 $170,000 $42,500 $0 0.00%

    For 2018, Mountain Valley Bank's most frequently cited loan purpose was Refi, with 73 originations. The 2nd most popular reason was Home Purchase, with 47 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 128 $11,410,000 $89,141 $0 0.00%

    For 2018, Mountain Valley Bank's most frequently cited loan duration was Other, with 128 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 93 $4,665,000 $50,161 $0 0.00%
    $100k-200k 28 $4,010,000 $143,214 $0 0.00%
    $200k-400k 5 $1,375,000 $275,000 $0 0.00%
    $400k-600k 1 $425,000 $425,000 $0 0.00%
    $600k-1MM 1 $935,000 $935,000 $0 0.00%

    2018 saw Mountain Valley Bank place emphasis on $100,000 or less loans with 93 originations, totaling $4,665,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 38 $1,880,000 $49,474 $0 0.00%
    $50k-75k 24 $1,770,000 $73,750 $0 0.00%
    $75k-100k 20 $1,990,000 $99,500 $0 0.00%
    $100k-150k 11 $1,065,000 $96,818 $0 0.00%
    $150k-250k 8 $1,020,000 $127,500 $0 0.00%
    $250k+ 2 $230,000 $115,000 $0 0.00%

    Mountain Valley Bank lent most frequently to those with incomes in the $50k or less range, with 38 originations. The second most popular income band? $50k-75k, with 24 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 128 $11,410,000 $89,141 $0 0.00%

    Mountain Valley Bank lent most frequently to those with DTI ratios of Exempt%, with 128 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 104 $7,920,000 $76,154 $0 0.00%
    Not applicable 21 $3,175,000 $151,190 $0 0.00%
    Asian 1 $165,000 $165,000 $0 0.00%
    Black 2 $150,000 $75,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.53%

    Mountain Valley Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    98.44%

    Mountain Valley Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 128 $11,410,000 $89,141

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $935,000 $935,000
    Single Family (1-4 Units):Manufactured 27 $1,165,000 $43,148
    Single Family (1-4 Units):Site-Built 100 $9,310,000 $93,100

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    MOUNTAIN WEST FINANCIAL, INC. Conventional home mortgage Trouble during payment process 1 50.0%
    MOUNTAIN WEST FINANCIAL, INC. FHA mortgage Trouble during payment process 1 50.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Mountain Valley Bank 17114 Rankin Avenue Dunlap, TN 37327 Full Service B&M $62,615
    Mountain Valley Bank Highway 28 South At Cordell Lane Dunlap, TN 37327 Full Service B&M $2,998
    Mountain Valley Bank P. O. Box 1329 Monteagle, TN 37356 Full Service B&M $26,421

    For 2018, Mountain Valley Bank had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $4,689
    Net interest income $4,258
    Total noninterest income $466
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $338
    Trading account gains and fees $0
    Additional Noninterest Income $128
    Pre-tax net operating income $570
    Securities gains (or losses, -) $-2
    Income before extraordinary items $483
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $483
    Minority interest net income $0
    Net income $483
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $484

    Mountain Valley Bank's gross interest income from loans was $4,689,000.
    Mountain Valley Bank's net interest income from loans was $4,258,000.
    Mountain Valley Bank's fee based income from loans was $338,000.
    Mountain Valley Bank's net income from loans was $483,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $431
    Provision for credit losses $446
    Total noninterest expense $3,708
    Salaries and employee benefits $1,736
    Premises and equipment expense $369
    Additional noninterest expense $1,603
    Applicable income taxes $85
    Net charge-offs $402
    Cash dividends $82

    Mountain Valley Bank's interest expense for loans was $431,000.
    Mountain Valley Bank's payroll and benefits expense were $1,736,000.
    Mountain Valley Bank's property, plant and equipment expenses $369,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 4.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    Commercial & industrial loans 1.0%
    Personal loans 2.0%
    Credit card loans 0.0%
    Other individual loans 2.0%
    Auto loans 5.0%
    Other consumer loans 1.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $94,499
    Deposits held in domestic offices $94,499
    Deposits by Individuals, partnerships, and corporations $79,657
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $14,842
    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 $45,762
    Demand deposits $13,258
    Nontransaction accounts $48,737
    Money market deposit accounts (MMDAs) $176
    Other savings deposits (excluding MMDAs) $17,576
    Total time deposits $30,985
    Total time and savings deposits $81,241
    Noninterest-bearing deposits $13,258
    Interest-bearing deposits $81,241
    Retail deposits $87,516
    IRAs and Keogh plan accounts $4,415
    Brokered deposits $2,313
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $103,785
    Cash & Balances due from depository institutions $7,917
    Interest-bearing balances $6,168
    Total securities $16,590
    Federal funds sold & reverse repurchase $0
    Net loans and leases $73,897
    Loan and leases loss allowance $594
    Trading account assets $0
    Bank premises and fixed assets $2,183
    Other real estate owned $493
    Goodwill and other intangibles $0
    All other assets $2,705

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $103,785
    Total Liabilities $94,724
    Total deposits $94,499
    Interest-bearing deposits $81,241
    Deposits held in domestic offices $94,499
    % insured (estimated) $86
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $225

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $73,897
    Loan and leases loss allowance $594
    Total loans and leases (domestic) $74,491
    All real estate loans $60,771
    Real estate loans in domestic offices $60,771
    Construction and development loans $8,890
    Residential 1-4 family construction $2,715
    Other construction, all land development and other land $6,175
    Loans secured by nonfarm nonresidential properties $7,877
    Nonfarm nonresidential secured by owner-occupied properties $4,079
    Commercial real estate & other non-farm, non-residential $3,798
    Multifamily residential real estate $1,159
    1-4 family residential loans $41,394
    Farmland loans $1,451
    Loans held in foreign offices $0
    Farm loans $590
    Commercial and industrial loans $4,179
    To non-U.S. addressees $0
    Loans to individuals $8,095
    Credit card loans $64
    Related Plans $39
    Consumer Auto Loans $1,472
    Other loans to individuals $6,520
    All other loans & leases $1,166
    Loans to foreign governments and official institutions $0
    Other loans $52
    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 $1,811
    Non 1-4 family restructured loans & leases $1,177
    Total loans and leases (foreign) $0

    Mountain Valley Bank had $73,897,000 of loans outstanding in 2018. $60,771,000 of loans were in real estate loans. $8,890,000 of loans were in development loans. $1,159,000 of loans were in multifamily mortgage loans. $41,394,000 of loans were in 1-4 family mortgage loans. $590,000 of loans were in farm loans. $64,000 of loans were in credit card loans. $1,472,000 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 43 $7,877 $183,186
    Nonfarm, nonresidential loans - <$100k 14 $668 $47,714
    Nonfarm, nonresidential loans - $100-250k 17 $2,273 $133,706
    Nonfarm, nonresidential loans - $250k-1MM 12 $4,936 $411,333
    Commercial & Industrial, US addressed loans - <$1MM 72 $4,179 $58,042
    Commercial & Industrial, US addressed loans - <$100k 62 $2,024 $32,645
    Commercial & Industrial, US addressed loans - $100-250k 5 $686 $137,200
    Commercial & Industrial, US addressed loans - $250k-1MM 5 $1,469 $293,800
    Farmland loans - <$1MM 15 $1,228 $81,867
    Farmland loans - <$100k 11 $307 $27,909
    Farmland loans - $100-250k 2 $284 $142,000
    Farmland loans - $250k-1MM 2 $637 $318,500
    Agriculture operations loans - <$1MM 20 $590 $29,500
    Agriculture operations loans - <$100k 19 $482 $25,368
    Agriculture operations loans - $100-250k 1 $108 $108,000