Lumbee Guaranty Bank Mortgage Rates, Fees & Info

Pembroke, NC

LEI: 549300WZQ2PP4RJDZR54

Tax ID: 56-0990387

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

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

    Lumbee Guaranty Bank is a smaller bank specializing in Home Purchase and Refi loans. Lumbee Guaranty Bank has a high proportion of conventional loans. Their top markets by origination volume include: Lumberton, Fayetteville, Pinehurst, Myrtle Beach, and Laurinburg among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Lumbee Guaranty 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    159

    Origination Dollar Volume (All Markets)

    $20,655,000

    Employee count

    101

    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
    Lumberton, NC (FHA|USDA|VA) 85 $9,945,000 $117,000 $0 0.00%
    FAYETTEVILLE, NC (FHA|USDA|VA) 50 $7,830,000 $156,600 $0 0.00%
    Pinehurst-Southern Pines, NC (FHA|USDA|VA) 4 $940,000 $235,000 $0 0.00%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 4 $730,000 $182,500 $0 0.00%
    Laurinburg, NC (FHA|USDA|VA) 5 $525,000 $105,000 $0 0.00%
    Outside of Metro Areas 7 $355,000 $50,714 $0 0.00%
    Rockingham, NC (FHA|USDA|VA) 2 $140,000 $70,000 $0 0.00%
    Morehead City, NC (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
    Roanoke Rapids, NC (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
    Lumbee Guaranty Bank's top markets include Lumberton, Fayetteville, Pinehurst, Myrtle Beach, and Laurinburg among others.

    Their top states include:
  • North Carolina (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 159 $20,655,000 $129,906 $0 0.00%

    For 2019, Lumbee Guaranty Bank's most frequently originated type of loan was Conventional, with 159 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 76 $13,790,000 $181,447 $0 0.00%
    Refi 67 $5,855,000 $87,388 $0 0.00%
    Home Improvement 10 $600,000 $60,000 $0 0.00%
    Other 6 $410,000 $68,333 $0 0.00%

    For 2019, Lumbee Guaranty Bank's most frequently cited loan purpose was Home Purchase, with 76 originations. The 2nd most popular reason was Refi, with 67 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 159 $20,655,000 $129,906 $0 0.00%

    For 2019, Lumbee Guaranty Bank's most frequently cited loan duration was Other, with 159 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 111 $5,365,000 $48,333 $0 0.00%
    $100k-200k 25 $3,275,000 $131,000 $0 0.00%
    $200k-400k 14 $3,740,000 $267,143 $0 0.00%
    $400k-600k 4 $1,930,000 $482,500 $0 0.00%
    $600k-1MM 3 $2,345,000 $781,667 $0 0.00%
    $1MM+ 2 $4,000,000 $2,000,000 $0 0.00%

    2019 saw Lumbee Guaranty Bank place emphasis on $100,000 or less loans with 111 originations, totaling $5,365,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 30 $1,860,000 $62,000 $0 0.00%
    $100k-150k 18 $1,340,000 $74,444 $0 0.00%
    $75k-100k 18 $950,000 $52,778 $0 0.00%
    $50k-75k 17 $1,155,000 $67,941 $0 0.00%
    $150k-250k 11 $1,385,000 $125,909 $0 0.00%
    $250k+ 6 $1,240,000 $206,667 $0 0.00%

    Lumbee Guaranty Bank lent most frequently to those with incomes in the $50k or less range, with 30 originations. The second most popular income band? $100k-150k, with 18 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 159 $20,655,000 $129,906 $0 0.00%

    Lumbee Guaranty Bank lent most frequently to those with DTI ratios of Exempt%, with 159 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 55 $12,375,000 $225,000 $0 0.00%
    American Indian 59 $5,465,000 $92,627 $0 0.00%
    White 35 $2,425,000 $69,286 $0 0.00%
    Black 9 $315,000 $35,000 $0 0.00%
    Native Hawaiian or Islander 1 $75,000 $75,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    99.41%

    Lumbee Guaranty 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
    94.34%

    Lumbee Guaranty Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 159 $20,655,000 $129,906

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 6 $3,820,000 $636,667
    Multifamily:Site-Built 12 $5,400,000 $450,000
    Single Family (1-4 Units):Manufactured 25 $955,000 $38,200
    Single Family (1-4 Units):Site-Built 116 $10,480,000 $90,345

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Lumbee Guaranty Bank 104 Martin Luther King, Jr. Drive Maxton, NC 28364 Full Service B&M $15,176
    Lumbee Guaranty Bank 201 N. Bond Street Rowland, NC 28383 Full Service B&M $13,013
    Lumbee Guaranty Bank 215 East 4th Avenue Red Springs, NC 28377 Full Service B&M $30,549
    Lumbee Guaranty Bank 2315 Bloom Avenue Fayetteville, NC 28304 Full Service B&M $10,190
    Lumbee Guaranty Bank 2799 West Fifth Street Lumberton, NC 28358 Full Service B&M $6,664
    Lumbee Guaranty Bank 301 North Walnut Street Fairmont, NC 28340 Full Service B&M $18,935
    Lumbee Guaranty Bank 306 South 5th Street Saint Pauls, NC 28384 Full Service B&M $11,617
    Lumbee Guaranty Bank 3500 North Main Street Hope Mills, NC 28348 Full Service B&M $8,897
    Lumbee Guaranty Bank 403 East Third Street Pembroke, NC 28372 Full Service B&M $85,353
    Lumbee Guaranty Bank 410 E. 3rd. St. Pembroke, NC 28372 Limited, Administrative $0
    Lumbee Guaranty Bank 4845 Fayetteville Road Branch Lumberton,, NC 28358 Full Service B&M $31,925
    Lumbee Guaranty Bank 600 North Pine Street Lumberton, NC 28358 Full Service B&M $31,824
    Lumbee Guaranty Bank 720 Harris Avenue Raeford, NC 28376 Full Service B&M $15,090
    Lumbee Guaranty Bank 915 W. Third Street Pembroke, NC 28372 Full Service B&M $8,098

    For 2019, Lumbee Guaranty Bank had 14 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $14,436
    Net interest income $12,652
    Total noninterest income $2,036
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,350
    Trading account gains and fees $0
    Additional Noninterest Income $686
    Pre-tax net operating income $3,466
    Securities gains (or losses, -) $25
    Income before extraordinary items $3,004
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,004
    Minority interest net income $0
    Net income $3,004
    Sale, conversion, retirement of capital stock, net $-50
    Net operating income $2,982

    Lumbee Guaranty Bank's gross interest income from loans was $14,436,000.
    Lumbee Guaranty Bank's net interest income from loans was $12,652,000.
    Lumbee Guaranty Bank's fee based income from loans was $1,350,000.
    Lumbee Guaranty Bank's net income from loans was $3,004,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,784
    Provision for credit losses $-100
    Total noninterest expense $11,322
    Salaries and employee benefits $6,327
    Premises and equipment expense $1,273
    Additional noninterest expense $3,722
    Applicable income taxes $487
    Net charge-offs $30
    Cash dividends $789

    Lumbee Guaranty Bank's interest expense for loans was $1,784,000.
    Lumbee Guaranty Bank's payroll and benefits expense were $6,327,000.
    Lumbee Guaranty Bank's property, plant and equipment expenses $1,273,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 2.0%
    Real Estate loans 2.0%
    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 1.0%
    All other family 2.0%
    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 $296,094
    Deposits held in domestic offices $296,094
    Deposits by Individuals, partnerships, and corporations $256,211
    Deposits by U.S. Government $101
    Deposits by States and political subdivisions in the U.S. $39,782
    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 $29,639
    Demand deposits $19,597
    Nontransaction accounts $266,455
    Money market deposit accounts (MMDAs) $19,502
    Other savings deposits (excluding MMDAs) $161,300
    Total time deposits $85,652
    Total time and savings deposits $276,497
    Noninterest-bearing deposits $98,450
    Interest-bearing deposits $197,644
    Retail deposits $289,102
    IRAs and Keogh plan accounts $15,971
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $343,753
    Cash & Balances due from depository institutions $31,072
    Interest-bearing balances $26,243
    Total securities $99,294
    Federal funds sold & reverse repurchase $0
    Net loans and leases $189,555
    Loan and leases loss allowance $2,067
    Trading account assets $0
    Bank premises and fixed assets $9,056
    Other real estate owned $197
    Goodwill and other intangibles $696
    All other assets $13,883

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $343,753
    Total Liabilities $302,826
    Total deposits $296,094
    Interest-bearing deposits $197,644
    Deposits held in domestic offices $296,094
    % insured (estimated) $81
    Federal funds purchased and repurchase agreements $1,096
    Trading liabilities $0
    Other borrowed funds $825
    Subordinated debt $0
    All other liabilities $4,811

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $189,555
    Loan and leases loss allowance $2,067
    Total loans and leases (domestic) $191,622
    All real estate loans $174,889
    Real estate loans in domestic offices $174,889
    Construction and development loans $22,379
    Residential 1-4 family construction $10,893
    Other construction, all land development and other land $11,486
    Loans secured by nonfarm nonresidential properties $75,695
    Nonfarm nonresidential secured by owner-occupied properties $54,021
    Commercial real estate & other non-farm, non-residential $21,674
    Multifamily residential real estate $7,810
    1-4 family residential loans $62,992
    Farmland loans $6,013
    Loans held in foreign offices $0
    Farm loans $67
    Commercial and industrial loans $8,685
    To non-U.S. addressees $0
    Loans to individuals $7,492
    Credit card loans $0
    Related Plans $384
    Consumer Auto Loans $885
    Other loans to individuals $6,223
    All other loans & leases $877
    Loans to foreign governments and official institutions $0
    Other loans $154
    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 $3,330
    Non 1-4 family restructured loans & leases $1,187
    Total loans and leases (foreign) $0

    Lumbee Guaranty Bank had $189,555,000 of loans outstanding in 2019. $174,889,000 of loans were in real estate loans. $22,379,000 of loans were in development loans. $7,810,000 of loans were in multifamily mortgage loans. $62,992,000 of loans were in 1-4 family mortgage loans. $67,000 of loans were in farm loans. $0 of loans were in credit card loans. $885,000 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 238 $29,074 $122,160
    Nonfarm, nonresidential loans - <$100k 93 $3,386 $36,409
    Nonfarm, nonresidential loans - $100-250k 82 $8,984 $109,561
    Nonfarm, nonresidential loans - $250k-1MM 63 $16,704 $265,143
    Commercial & Industrial, US addressed loans - <$1MM 165 $7,069 $42,842
    Commercial & Industrial, US addressed loans - <$100k 144 $3,406 $23,653
    Commercial & Industrial, US addressed loans - $100-250k 13 $1,317 $101,308
    Commercial & Industrial, US addressed loans - $250k-1MM 8 $2,346 $293,250
    Farmland loans - <$1MM 37 $2,400 $64,865
    Farmland loans - <$100k 26 $894 $34,385
    Farmland loans - $100-250k 8 $772 $96,500
    Farmland loans - $250k-1MM 3 $734 $244,667
    Agriculture operations loans - <$1MM 1 $67 $67,000
    Agriculture operations loans - $100-250k 1 $67 $67,000