Core Bank Mortgage Rates, Fees & Info
Omaha, NELEI: 549300Y01XP7FO81MC08
Tax ID: 47-0804165
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Bank Data
Review & Overview
Core Bank is a smaller bank specializing in Home Purchase and Refi loans. Core Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Omaha, Lawrence, Lincoln, Phoenix, and Kansas City among others. We have data for 73 markets. (Some data included below & more in-depth data is available with an active subscription.)Core Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Core Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
---|---|---|
30 Year Conventional Purchase | 6.34% | 11/17/24 |
30 Year Conventional Refi | 6.06% | 11/17/24 |
30 Year Cash-out Refi | 6.38% | 11/17/24 |
30 Year FHA Purchase | 7.17% | 11/17/24 |
30 Year FHA Refi | 6.90% | 11/17/24 |
30 Year VA Purchase | 6.13% | 11/17/24 |
30 Year VA Refi | 5.94% | 11/17/24 |
15 Year Conventional Purchase | 6.17% | 11/17/24 |
15 Year Conventional Refi | 6.50% | 11/17/24 |
15 Year Cash-out Refi | 6.50% | 11/17/24 |
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. |
Core Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,217Origination Dollar Volume (All Markets)
$360,445,000Employee count
121 Show all (10) awardsCore Bank - 2021
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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 |
---|---|---|---|---|---|
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) | 1,056 | $308,930,000 | $292,547 | $2,617 | 2.92% |
LAWRENCE, KS (FHA|USDA|VA) | 3 | $7,015,000 | $2,338,333 | $0 | 3.49% |
LINCOLN, NE (FHA|USDA|VA) | 24 | $5,270,000 | $219,583 | $2,687 | 3.08% |
Outside of Metro Areas | 13 | $3,095,000 | $238,077 | $3,717 | 2.83% |
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 4 | $2,420,000 | $605,000 | $4,392 | 2.88% |
KANSAS CITY, MO-KS (FHA|USDA|VA) | 8 | $2,260,000 | $282,500 | $1,952 | 2.77% |
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 4 | $1,880,000 | $470,000 | $6,798 | 2.75% |
Fremont, NE (FHA|USDA|VA) | 8 | $1,360,000 | $170,000 | $3,042 | 2.69% |
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 3 | $1,225,000 | $408,333 | $7,185 | 2.17% |
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 3 | $1,155,000 | $385,000 | $4,259 | 2.87% |
COLORADO SPRINGS, CO (FHA|USDA|VA) | 4 | $1,070,000 | $267,500 | $11,223 | 3.16% |
Edwards, CO (FHA|USDA|VA) | 1 | $965,000 | $965,000 | $8,290 | 2.25% |
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 2 | $840,000 | $420,000 | $2,177 | 2.56% |
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 3 | $835,000 | $278,333 | $11,740 | 2.42% |
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $3,440 | 2.69% |
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $730,000 | $365,000 | $4,307 | 2.93% |
TULSA, OK (FHA|USDA|VA) | 3 | $715,000 | $238,333 | $3,870 | 3.75% |
OKLAHOMA CITY, OK (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $3,307 | 3.12% |
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $2,006 | 2.38% |
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $2,459 | 2.13% |
MONTGOMERY, AL (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $3,404 | 2.87% |
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $3,006 | 2.69% |
ST. LOUIS, MO-IL (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $2,543 | 2.50% |
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $2,880 | 2.67% |
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $11,292 | 2.38% |
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $0 | 3.12% |
HANFORD-CORCORAN, CA (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $5,601 | 2.25% |
VALLEJO, CA (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $4,809 | 2.25% |
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $5,165 | 2.25% |
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $4,167 | 2.99% |
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $2,787 | 2.75% |
Glenwood Springs, CO (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $3,334 | 2.75% |
JACKSONVILLE, NC (FHA|USDA|VA) | 4 | $500,000 | $125,000 | $5,800 | 3.25% |
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $2,044 | 2.75% |
RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $10,392 | 2.00% |
Sanford, NC (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $10,780 | 2.25% |
DECATUR, AL (FHA|USDA|VA) | 4 | $460,000 | $115,000 | $0 | 3.00% |
Kearney, NE (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $1,789 | 2.63% |
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $9,159 | 2.50% |
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $4,008 | 3.00% |
YUBA CITY, CA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $9,993 | 3.00% |
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $3,123 | 2.38% |
FARGO, ND-MN (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $2,481 | 3.12% |
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $3,806 | 3.00% |
JACKSON, MS (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $4,766 | 2.37% |
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,859 | 2.88% |
FORT COLLINS, CO (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,395 | 2.50% |
JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,506 | 2.38% |
PITTSBURGH, PA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,423 | 2.63% |
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,158 | 2.50% |
Spirit Lake, IA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 3.50% |
Meridian, MS (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $12,061 | 3.00% |
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,215 | 3.25% |
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $1,665 | 2.63% |
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $2,629 | 3.13% |
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $5,152 | 3.00% |
FRESNO, CA (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 2.88% |
HUNTSVILLE, AL (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $0 | 3.00% |
Mountain Home, ID (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,972 | 2.50% |
PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $2,607 | 2.38% |
GRAND ISLAND, NE (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $1,350 | 2.63% |
Faribault-Northfield, MN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,611 | 3.13% |
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $1,616 | 2.87% |
ALBANY, GA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,608 | 3.00% |
JONESBORO, AR (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,426 | 2.25% |
SIOUX CITY, IA-NE-SD (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $1,452 | 2.75% |
Fort Leonard Wood, MO (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $7,985 | 2.62% |
WICHITA FALLS, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,829 | 2.75% |
ROCHESTER, NY (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 3.50% |
Brainerd, MN (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,000 | 2.63% |
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,306 | 2.75% |
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $1,859 | 2.63% |
THE VILLAGES, FL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,232 | 3.63% |
Similar Lenders
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Product Mix
Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Conventional | 954 | $283,010,000 | $296,656 | $2,041 | 3.02% |
VA | 207 | $65,935,000 | $318,527 | $4,922 | 2.43% |
FHA | 56 | $11,500,000 | $205,357 | $5,676 | 2.74% |
For 2021, Core Bank's most frequently originated type of loan was Conventional, with 954 originations. Their 2nd most popular type was VA, with 207 originations.
Loan Reason
For 2021, Core Bank's most frequently cited loan purpose was Home Purchase, with 563 originations. The 2nd most popular reason was Refi, with 441 originations.
Loan Duration/Length
For 2021, Core Bank's most frequently cited loan duration was 30 Year, with 967 originations. The 2nd most popular length was 15 Year, with 136 originations.
Origination Fees/Closing Costs
Core Bank's average total fees were $3,041, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 885 originations.
Interest Rates
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
2.5-3% | 512 | $134,200,000 | $262,109 |
<2.5% | 329 | $92,245,000 | $280,380 |
3-4% | 303 | $105,985,000 | $349,785 |
4-5% | 73 | $28,015,000 | $383,767 |
During 2021, Core Bank's average interest rate for loans was 2.88%, while their most frequently originated rate bucket for loans was 2.5-3%, with 512 originations.
Loan Sizing
2021 saw Core Bank place emphasis on $200k-400k loans with 581 originations, totaling $163,195,000 in origination value.
Applicant Income
Core Bank lent most frequently to those with incomes in the $100k-150k range, with 270 originations. The second most popular income band? $50k-75k, with 225 originations.
Applicant Debt to Income Ratio
Core Bank lent most frequently to those with DTI ratios of 20-30%, with 257 originations. The next most common DTI ratio? 30-36%, with 194 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.82%
Core 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 origination89.24%
Core Bank has an average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
NA | 1,217 | $360,445,000 | $296,175 |
LTV Distribution
Bank Details
Branches
Bank Name | Branch | Branch Type | Deposits (000's) |
---|---|---|---|
Core Bank | 12100 West Center Road Omaha, NE 68144 | Full Service B&M | $92,771 |
Core Bank | 13220 Birch Drive Omaha, NE 68164 | Full Service B&M | $31,439 |
Core Bank | 16805 Q Street Omaha, NE 68135 | Full Service B&M | $55,970 |
Core Bank | 17807 Burke Street Omaha, NE 68118 | Full Service B&M | $368,828 |
Core Bank | 2545 South 180th Street Omaha, NE 68130 | Full Service B&M | $65,685 |
Core Bank | 7400 College Boulevard, Suite 205 Overland Park, KS 66210 | Full Service B&M | $32,414 |
For 2021, Core Bank had 6 branches.
Yearly Performance Overview
Bank Income
Item | Value (in 000's) |
---|---|
Total interest income | $31,295 |
Net interest income | $29,855 |
Total noninterest income | $14,447 |
Gross Fiduciary activities income | $1,281 |
Service charges on deposit accounts | $397 |
Trading account gains and fees | $0 |
Additional Noninterest Income | $12,769 |
Pre-tax net operating income | $13,430 |
Securities gains (or losses, -) | $0 |
Income before extraordinary items | $11,021 |
Discontinued Operations (Extraordinary gains, net) | $0 |
Net income of bank and minority interests | $11,021 |
Minority interest net income | $0 |
Net income | $11,021 |
Sale, conversion, retirement of capital stock, net | $0 |
Net operating income | $11,021 |
Core Bank's gross interest income from loans was $31,295,000.
Core Bank's net interest income from loans was $29,855,000.
Core Bank's fee based income from loans was $397,000.
Core Bank's net income from loans was $11,021,000.
Bank Expenses
Item | Value (in 000's) |
---|---|
Total interest expense | $1,440 |
Provision for credit losses | $2,000 |
Total noninterest expense | $28,872 |
Salaries and employee benefits | $18,207 |
Premises and equipment expense | $3,965 |
Additional noninterest expense | $6,700 |
Applicable income taxes | $2,409 |
Net charge-offs | $186 |
Cash dividends | $340 |
Core Bank's interest expense for loans was $1,440,000.
Core Bank's payroll and benefits expense were $18,207,000.
Core Bank's property, plant and equipment expenses $3,965,000.
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 | 1.0% |
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 | $703,637 |
Deposits held in domestic offices | $703,637 |
Deposits by Individuals, partnerships, and corporations | $682,972 |
Deposits by U.S. Government | $0 |
Deposits by States and political subdivisions in the U.S. | $19,422 |
Deposits by Commercial banks and other depository institutions in U.S. | $1,242 |
Deposits by Banks in foreign countries | $0 |
Deposits by Foreign governments and official institutions | $0 |
Transaction accounts | $307,169 |
Demand deposits | $174,660 |
Nontransaction accounts | $396,467 |
Money market deposit accounts (MMDAs) | $348,213 |
Other savings deposits (excluding MMDAs) | $28,056 |
Total time deposits | $20,197 |
Total time and savings deposits | $528,976 |
Noninterest-bearing deposits | $157,832 |
Interest-bearing deposits | $545,805 |
Retail deposits | $698,338 |
IRAs and Keogh plan accounts | $0 |
Brokered deposits | $0 |
Deposits held in foreign offices | $0 |
Assets
Asset | Value (in 000's) |
---|---|
Total Assets | $796,827 |
Cash & Balances due from depository institutions | $48,154 |
Interest-bearing balances | $43,567 |
Total securities | $37,114 |
Federal funds sold & reverse repurchase | $295 |
Net loans and leases | $663,257 |
Loan and leases loss allowance | $9,097 |
Trading account assets | $0 |
Bank premises and fixed assets | $26,257 |
Other real estate owned | $0 |
Goodwill and other intangibles | $183 |
All other assets | $21,567 |
Liabilities
Liabilities | Value (in 000's) |
---|---|
Total liabilities and capital | $796,827 |
Total Liabilities | $725,605 |
Total deposits | $703,637 |
Interest-bearing deposits | $545,805 |
Deposits held in domestic offices | $703,637 |
% insured (estimated) | $61 |
Federal funds purchased and repurchase agreements | $0 |
Trading liabilities | $0 |
Other borrowed funds | $15,000 |
Subordinated debt | $0 |
All other liabilities | $6,968 |
Issued Loan Types
Type | Value (in 000's) |
---|---|
Net loans and leases | $663,257 |
Loan and leases loss allowance | $9,097 |
Total loans and leases (domestic) | $672,354 |
All real estate loans | $505,059 |
Real estate loans in domestic offices | $505,059 |
Construction and development loans | $133,317 |
Residential 1-4 family construction | $50,689 |
Other construction, all land development and other land | $82,628 |
Loans secured by nonfarm nonresidential properties | $175,901 |
Nonfarm nonresidential secured by owner-occupied properties | $76,682 |
Commercial real estate & other non-farm, non-residential | $99,219 |
Multifamily residential real estate | $68,946 |
1-4 family residential loans | $121,902 |
Farmland loans | $4,993 |
Loans held in foreign offices | $0 |
Farm loans | $0 |
Commercial and industrial loans | $155,157 |
To non-U.S. addressees | $0 |
Loans to individuals | $3,185 |
Credit card loans | $0 |
Related Plans | $99 |
Consumer Auto Loans | $453 |
Other loans to individuals | $2,633 |
All other loans & leases | $8,953 |
Loans to foreign governments and official institutions | $0 |
Other loans | $21 |
Loans to depository institutions and acceptances of other banks | $0 |
Loans not secured by real estate | $21,788 |
Loans secured by real estate to non-U.S. addressees | $0 |
Restructured Loans & leases | $1,862 |
Non 1-4 family restructured loans & leases | $1,597 |
Total loans and leases (foreign) | $0 |
Core Bank had $663,257,000 of loans outstanding in 2021. $505,059,000 of loans were in real estate loans. $133,317,000 of loans were in development loans. $68,946,000 of loans were in multifamily mortgage loans. $121,902,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $453,000 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 | 100 | $34,979 | $349,790 |
Nonfarm, nonresidential loans - <$100k | 6 | $312 | $52,000 |
Nonfarm, nonresidential loans - $100-250k | 19 | $2,655 | $139,737 |
Nonfarm, nonresidential loans - $250k-1MM | 75 | $32,012 | $426,827 |
Commercial & Industrial, US addressed loans - <$1MM | 471 | $54,636 | $116,000 |
Commercial & Industrial, US addressed loans - <$100k | 266 | $6,232 | $23,429 |
Commercial & Industrial, US addressed loans - $100-250k | 88 | $8,854 | $100,614 |
Commercial & Industrial, US addressed loans - $250k-1MM | 117 | $39,550 | $338,034 |
Farmland loans - <$1MM | 9 | $1,240 | $137,778 |
Farmland loans - <$100k | 1 | $81 | $81,000 |
Farmland loans - $100-250k | 5 | $466 | $93,200 |
Farmland loans - $250k-1MM | 3 | $693 | $231,000 |