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

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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

    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, Raleigh, Laurinburg, and Rockingham 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.

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    Originations

    118

    Origination Dollar Volume (All Markets)

    $13,220,000

    Employee count

    92

    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) 67 $8,345,000 $124,552 $0 0.00%
    FAYETTEVILLE, NC (FHA|USDA|VA) 31 $3,885,000 $125,323 $0 0.00%
    Outside of Metro Areas 8 $460,000 $57,500 $0 0.00%
    RALEIGH-CARY, NC (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
    Laurinburg, NC (FHA|USDA|VA) 6 $150,000 $25,000 $0 0.00%
    Rockingham, NC (FHA|USDA|VA) 2 $70,000 $35,000 $0 0.00%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
    WILMINGTON, NC (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
    Bennettsville, SC (FHA|USDA|VA) 1 $15,000 $15,000 $0 0.00%
    Lumbee Guaranty Bank's top markets include Lumberton, Fayetteville, Raleigh, Laurinburg, and Rockingham 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 118 $13,220,000 $112,034 $0 0.00%

    For 2021, Lumbee Guaranty Bank's most frequently originated type of loan was Conventional, with 118 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 58 $7,790,000 $134,310 $0 0.00%
    Refi 50 $4,940,000 $98,800 $0 0.00%
    Home Improvement 10 $490,000 $49,000 $0 0.00%

    For 2021, Lumbee Guaranty Bank's most frequently cited loan purpose was Home Purchase, with 58 originations. The 2nd most popular reason was Refi, with 50 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 118 $13,220,000 $112,034 $0 0.00%

    For 2021, Lumbee Guaranty Bank's most frequently cited loan duration was Other, with 118 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 81 $3,625,000 $44,753 $0 0.00%
    $100k-200k 16 $2,040,000 $127,500 $0 0.00%
    $200k-400k 14 $3,800,000 $271,429 $0 0.00%
    $400k-600k 4 $1,740,000 $435,000 $0 0.00%
    $600k-1MM 3 $2,015,000 $671,667 $0 0.00%

    2021 saw Lumbee Guaranty Bank place emphasis on $100,000 or less loans with 81 originations, totaling $3,625,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 19 $1,465,000 $77,105 $0 0.00%
    $100k-150k 12 $680,000 $56,667 $0 0.00%
    $75k-100k 10 $600,000 $60,000 $0 0.00%
    $150k-250k 9 $755,000 $83,889 $0 0.00%
    $50k-75k 9 $285,000 $31,667 $0 0.00%
    $250k+ 4 $390,000 $97,500 $0 0.00%

    Lumbee Guaranty Bank lent most frequently to those with incomes in the $50k or less range, with 19 originations. The second most popular income band? $100k-150k, with 12 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 118 $13,220,000 $112,034 $0 0.00%

    Lumbee Guaranty Bank lent most frequently to those with DTI ratios of Exempt%, with 118 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 52 $8,550,000 $164,423 $0 0.00%
    American Indian 34 $1,900,000 $55,882 $0 0.00%
    White 17 $1,345,000 $79,118 $0 0.00%
    Other Asian 3 $915,000 $305,000 $0 0.00%
    Black 11 $475,000 $43,182 $0 0.00%
    Native Hawaiian or Islander 1 $35,000 $35,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.83%

    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
    96.61%

    Lumbee Guaranty 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 118 $13,220,000 $112,034

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    118 $13,220,000 $112,034

    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 $19,154
    Lumbee Guaranty Bank 201 N. Bond Street Rowland, NC 28383 Full Service B&M $15,191
    Lumbee Guaranty Bank 215 East 4th Avenue Red Springs, NC 28377 Full Service B&M $34,798
    Lumbee Guaranty Bank 229 A Hay Street Fayetteville, NC 28301 Full Service B&M $2,016
    Lumbee Guaranty Bank 2315 Bloom Avenue Fayetteville, NC 28304 Full Service B&M $12,744
    Lumbee Guaranty Bank 2799 West Fifth Street Lumberton, NC 28358 Full Service B&M $8,093
    Lumbee Guaranty Bank 301 North Walnut Street Fairmont, NC 28340 Full Service B&M $22,880
    Lumbee Guaranty Bank 306 South 5th Street Saint Pauls, NC 28384 Full Service B&M $15,019
    Lumbee Guaranty Bank 3500 North Main Street Hope Mills, NC 28348 Full Service B&M $13,573
    Lumbee Guaranty Bank 403 East Third Street Pembroke, NC 28372 Full Service B&M $138,508
    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 $46,166
    Lumbee Guaranty Bank 600 North Pine Street Lumberton, NC 28358 Full Service B&M $48,556
    Lumbee Guaranty Bank 720 Harris Avenue Raeford, NC 28376 Full Service B&M $16,764
    Lumbee Guaranty Bank 915 W. Third Street Pembroke, NC 28372 Full Service B&M $9,995

    For 2021, Lumbee Guaranty Bank had 15 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $14,561
    Net interest income $13,839
    Total noninterest income $2,212
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,232
    Trading account gains and fees $0
    Additional Noninterest Income $980
    Pre-tax net operating income $4,804
    Securities gains (or losses, -) $-197
    Income before extraordinary items $4,023
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,023
    Minority interest net income $0
    Net income $4,023
    Sale, conversion, retirement of capital stock, net $-286
    Net operating income $4,194

    Lumbee Guaranty Bank's gross interest income from loans was $14,561,000.
    Lumbee Guaranty Bank's net interest income from loans was $13,839,000.
    Lumbee Guaranty Bank's fee based income from loans was $1,232,000.
    Lumbee Guaranty Bank's net income from loans was $4,023,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $722
    Provision for credit losses $-325
    Total noninterest expense $11,572
    Salaries and employee benefits $6,525
    Premises and equipment expense $1,564
    Additional noninterest expense $3,483
    Applicable income taxes $584
    Net charge-offs $-6
    Cash dividends $850

    Lumbee Guaranty Bank's interest expense for loans was $722,000.
    Lumbee Guaranty Bank's payroll and benefits expense were $6,525,000.
    Lumbee Guaranty Bank's property, plant and equipment expenses $1,564,000.

    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 1.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 2.0%
    HELOC loans 0.0%
    All other family 3.0%
    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 $421,575
    Deposits held in domestic offices $421,575
    Deposits by Individuals, partnerships, and corporations $349,033
    Deposits by U.S. Government $105
    Deposits by States and political subdivisions in the U.S. $72,437
    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 $39,821
    Demand deposits $32,279
    Nontransaction accounts $381,754
    Money market deposit accounts (MMDAs) $33,317
    Other savings deposits (excluding MMDAs) $264,772
    Total time deposits $83,664
    Total time and savings deposits $389,296
    Noninterest-bearing deposits $150,038
    Interest-bearing deposits $271,537
    Retail deposits $412,078
    IRAs and Keogh plan accounts $15,042
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $473,266
    Cash & Balances due from depository institutions $41,885
    Interest-bearing balances $36,324
    Total securities $227,691
    Federal funds sold & reverse repurchase $0
    Net loans and leases $178,702
    Loan and leases loss allowance $2,042
    Trading account assets $0
    Bank premises and fixed assets $8,435
    Other real estate owned $0
    Goodwill and other intangibles $603
    All other assets $15,950

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $473,266
    Total Liabilities $430,018
    Total deposits $421,575
    Interest-bearing deposits $271,537
    Deposits held in domestic offices $421,575
    % insured (estimated) $72
    Federal funds purchased and repurchase agreements $2,338
    Trading liabilities $0
    Other borrowed funds $81
    Subordinated debt $0
    All other liabilities $6,024

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $178,702
    Loan and leases loss allowance $2,042
    Total loans and leases (domestic) $180,744
    All real estate loans $165,000
    Real estate loans in domestic offices $165,000
    Construction and development loans $12,655
    Residential 1-4 family construction $6,032
    Other construction, all land development and other land $6,623
    Loans secured by nonfarm nonresidential properties $75,618
    Nonfarm nonresidential secured by owner-occupied properties $49,391
    Commercial real estate & other non-farm, non-residential $26,227
    Multifamily residential real estate $15,891
    1-4 family residential loans $47,509
    Farmland loans $13,327
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $9,635
    To non-U.S. addressees $0
    Loans to individuals $6,211
    Credit card loans $0
    Related Plans $297
    Consumer Auto Loans $895
    Other loans to individuals $5,019
    All other loans & leases $332
    Loans to foreign governments and official institutions $0
    Other loans $81
    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 $3,183
    Non 1-4 family restructured loans & leases $2,043
    Total loans and leases (foreign) $0

    Lumbee Guaranty Bank had $178,702,000 of loans outstanding in 2021. $165,000,000 of loans were in real estate loans. $12,655,000 of loans were in development loans. $15,891,000 of loans were in multifamily mortgage loans. $47,509,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $895,000 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 228 $30,894 $135,500
    Nonfarm, nonresidential loans - <$100k 73 $2,767 $37,904
    Nonfarm, nonresidential loans - $100-250k 85 $9,653 $113,565
    Nonfarm, nonresidential loans - $250k-1MM 70 $18,474 $263,914
    Commercial & Industrial, US addressed loans - <$1MM 228 $8,074 $35,412
    Commercial & Industrial, US addressed loans - <$100k 173 $4,250 $24,566
    Commercial & Industrial, US addressed loans - $100-250k 46 $1,573 $34,196
    Commercial & Industrial, US addressed loans - $250k-1MM 9 $2,251 $250,111
    Farmland loans - <$1MM 37 $3,134 $84,703
    Farmland loans - <$100k 24 $760 $31,667
    Farmland loans - $100-250k 7 $800 $114,286
    Farmland loans - $250k-1MM 6 $1,574 $262,333