The Bank Of Castile Mortgage Rates, Fees & Info
Castile, NYLEI: 2549002A7VC63ZJQY749
Tax ID: 16-0341540
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Mortgage Data
Bank Data
Review & Overview
The Bank Of Castile is a smaller bank specializing in Home Purchase and Refi loans. The Bank Of Castile has a high proportion of conventional loans. Their top markets by origination volume include: Rochester, Buffalo, Batavia, Olean, and Utica among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)The Bank Of Castile 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.
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Originations
348Origination Dollar Volume (All Markets)
$111,150,000Employee count
125Top 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 |
|---|---|---|---|---|---|
| ROCHESTER, NY (FHA|USDA|VA) | 153 | $67,025,000 | $438,072 | $0 | 0.00% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 66 | $25,970,000 | $393,485 | $0 | 0.00% |
| Outside of Metro Areas | 68 | $9,030,000 | $132,794 | $0 | 0.00% |
| Batavia, NY (FHA|USDA|VA) | 52 | $7,030,000 | $135,192 | $0 | 5.75% |
| Olean, NY (FHA|USDA|VA) | 7 | $1,815,000 | $259,286 | $0 | 0.00% |
| UTICA-ROME, NY (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| Corning, NY (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 347 | $111,115,000 | $320,216 | $0 | 0.00% |
| HELOC | 1 | $35,000 | $35,000 | n/a | 5.75% |
For 2020, The Bank Of Castile's most frequently originated type of loan was Conventional, with 347 originations. Their 2nd most popular type was HELOC, with 1 originations.
Loan Reason
For 2020, The Bank Of Castile's most frequently cited loan purpose was Home Purchase, with 138 originations. The 2nd most popular reason was Refi, with 95 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 348 | $111,150,000 | $319,397 | $0 | 5.75% |
For 2020, The Bank Of Castile's most frequently cited loan duration was Other, with 348 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 1 | $35,000 | $35,000 |
During 2020, The Bank Of Castile's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 1 originations.
Loan Sizing
2020 saw The Bank Of Castile place emphasis on $100k-200k loans with 163 originations, totaling $22,795,000 in origination value.
Applicant Income
The Bank Of Castile lent most frequently to those with incomes in the $50k-75k range, with 67 originations. The second most popular income band? $75k-100k, with 67 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 347 | $111,115,000 | $320,216 | $0 | 0.00% |
The Bank Of Castile lent most frequently to those with DTI ratios of Exempt%, with 347 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.88%
The Bank Of Castile has an average approval rate.
Pick Rate
Approvals leading to origination95.11%
The Bank Of Castile 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 | 347 | $111,115,000 | $320,216 |
| NA | 1 | $35,000 | $35,000 |
Occupancy Type Mix
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Under 20% | 1 | $35,000 | $35,000 | $0 | 5.75% |
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| TD BANK US HOLDING COMPANY | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 22 | 14.9% |
| TD BANK US HOLDING COMPANY | Conventional home mortgage | Closing on a mortgage | 17 | 11.5% |
| TD BANK US HOLDING COMPANY | Conventional home mortgage | Credit monitoring or identity theft protection services | 1 | 0.7% |
| TD BANK US HOLDING COMPANY | Conventional home mortgage | Improper use of your report | 1 | 0.7% |
| TD BANK US HOLDING COMPANY | Conventional home mortgage | Incorrect information on your report | 1 | 0.7% |
| TD BANK US HOLDING COMPANY | Conventional home mortgage | Struggling to pay mortgage | 4 | 2.7% |
| TD BANK US HOLDING COMPANY | Conventional home mortgage | Trouble during payment process | 51 | 34.5% |
| TD BANK US HOLDING COMPANY | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 1.4% |
| TD BANK US HOLDING COMPANY | FHA mortgage | Trouble during payment process | 3 | 2.0% |
| TD BANK US HOLDING COMPANY | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 5 | 3.4% |
| TD BANK US HOLDING COMPANY | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 7 | 4.7% |
| TD BANK US HOLDING COMPANY | Home equity loan or line of credit (HELOC) | Incorrect information on your report | 1 | 0.7% |
| TD BANK US HOLDING COMPANY | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 4 | 2.7% |
| TD BANK US HOLDING COMPANY | Home equity loan or line of credit (HELOC) | Trouble during payment process | 17 | 11.5% |
| TD BANK US HOLDING COMPANY | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 1.4% |
| TD BANK US HOLDING COMPANY | Other type of mortgage | Closing on a mortgage | 2 | 1.4% |
| TD BANK US HOLDING COMPANY | Other type of mortgage | Trouble during payment process | 8 | 5.4% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| The Bank of Castile | 1 Hopkins Road Buffalo, NY 14221 | Full Service B&M | $13,659 |
| The Bank of Castile | 1 Main Street Gainesville, NY 14066 | Full Service B&M | $40,290 |
| The Bank of Castile | 102 North Center Street Perry, NY 14530 | Full Service B&M | $99,725 |
| The Bank of Castile | 11 South Street Geneseo, NY 14454 | Full Service B&M | $181,646 |
| The Bank of Castile | 1410 South Main Street Medina, NY 14103 | Full Service B&M | $91,115 |
| The Bank of Castile | 179 Sully's Trail Pittsford, NY 14534 | Full Service B&M | $0 |
| The Bank of Castile | 2367 North Main Street Warsaw, NY 14569 | Full Service B&M | $78,309 |
| The Bank of Castile | 263 East Main Street Avon, NY 14414 | Full Service B&M | $85,436 |
| The Bank of Castile | 29 Main Street Le Roy, NY 14482 | Full Service B&M | $95,036 |
| The Bank of Castile | 3140 Monroe Avenue Pittsford, NY 14534 | Full Service B&M | $73,745 |
| The Bank of Castile | 3155 State Street Caledonia, NY 14423 | Full Service B&M | $47,324 |
| The Bank of Castile | 3252 Chili Avenue Chili, NY 14624 | Full Service B&M | $149,731 |
| The Bank of Castile | 358 West Main Street Batavia, NY 14020 | Full Service B&M | $15 |
| The Bank of Castile | 408 East Main Street Batavia, NY 14020 | Full Service B&M | $230,726 |
| The Bank of Castile | 50 Main Street Castile, NY 14427 | Full Service B&M | $167,479 |
| The Bank of Castile | 604 West Main Street Arcade, NY 14009 | Full Service B&M | $107,890 |
| The Bank of Castile | 724 Long Pond Road Greece, NY 14612 | Full Service B&M | $90,432 |
| The Bank of Castile | 90 Main Street Batavia, NY 14020 | Limited, Administrative | $0 |
For 2020, The Bank Of Castile had 18 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $61,182 |
| Net interest income | $54,736 |
| Total noninterest income | $6,036 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $1,767 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $4,269 |
| Pre-tax net operating income | $24,297 |
| Securities gains (or losses, -) | $63 |
| Income before extraordinary items | $19,257 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $19,257 |
| Minority interest net income | $6 |
| Net income | $19,251 |
| Sale, conversion, retirement of capital stock, net | $515 |
| Net operating income | $19,207 |
The Bank Of Castile's gross interest income from loans was $61,182,000.
The Bank Of Castile's net interest income from loans was $54,736,000.
The Bank Of Castile's fee based income from loans was $1,767,000.
The Bank Of Castile's net income from loans was $19,251,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $6,446 |
| Provision for credit losses | $4,546 |
| Total noninterest expense | $31,929 |
| Salaries and employee benefits | $12,171 |
| Premises and equipment expense | $2,761 |
| Additional noninterest expense | $16,997 |
| Applicable income taxes | $5,103 |
| Net charge-offs | $-28 |
| Cash dividends | $12,907 |
The Bank Of Castile's interest expense for loans was $6,446,000.
The Bank Of Castile's payroll and benefits expense were $12,171,000.
The Bank Of Castile's property, plant and equipment expenses $2,761,000.
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 | 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 | $1,566,304 |
| Deposits held in domestic offices | $1,566,304 |
| Deposits by Individuals, partnerships, and corporations | $1,335,996 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $219,758 |
| Deposits by Commercial banks and other depository institutions in U.S. | $10,550 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $307,567 |
| Demand deposits | $283,975 |
| Nontransaction accounts | $1,258,737 |
| Money market deposit accounts (MMDAs) | $1,047,631 |
| Other savings deposits (excluding MMDAs) | $6,113 |
| Total time deposits | $204,992 |
| Total time and savings deposits | $1,282,329 |
| Noninterest-bearing deposits | $507,118 |
| Interest-bearing deposits | $1,059,186 |
| Retail deposits | $1,454,873 |
| IRAs and Keogh plan accounts | $30,213 |
| Brokered deposits | $55,963 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $1,771,267 |
| Cash & Balances due from depository institutions | $132,887 |
| Interest-bearing balances | $114,999 |
| Total securities | $303,588 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $1,295,374 |
| Loan and leases loss allowance | $13,169 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $15,241 |
| Other real estate owned | $88 |
| Goodwill and other intangibles | $393 |
| All other assets | $23,696 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $1,771,267 |
| Total Liabilities | $1,628,303 |
| Total deposits | $1,566,304 |
| Interest-bearing deposits | $1,059,186 |
| Deposits held in domestic offices | $1,566,304 |
| % insured (estimated) | $57 |
| Federal funds purchased and repurchase agreements | $2,968 |
| Trading liabilities | $0 |
| Other borrowed funds | $45,000 |
| Subordinated debt | $0 |
| All other liabilities | $14,031 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $1,295,374 |
| Loan and leases loss allowance | $13,169 |
| Total loans and leases (domestic) | $1,308,543 |
| All real estate loans | $936,689 |
| Real estate loans in domestic offices | $936,689 |
| Construction and development loans | $46,413 |
| Residential 1-4 family construction | $2,857 |
| Other construction, all land development and other land | $43,556 |
| Loans secured by nonfarm nonresidential properties | $364,205 |
| Nonfarm nonresidential secured by owner-occupied properties | $141,325 |
| Commercial real estate & other non-farm, non-residential | $222,880 |
| Multifamily residential real estate | $117,742 |
| 1-4 family residential loans | $302,990 |
| Farmland loans | $105,339 |
| Loans held in foreign offices | $0 |
| Farm loans | $78,411 |
| Commercial and industrial loans | $247,530 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $8,081 |
| Credit card loans | $0 |
| Related Plans | $1,073 |
| Consumer Auto Loans | $1,632 |
| Other loans to individuals | $5,376 |
| All other loans & leases | $37,831 |
| 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 | $80 |
| Non 1-4 family restructured loans & leases | $0 |
| Total loans and leases (foreign) | $0 |
The Bank of Castile had $1,295,374,000 of loans outstanding in 2020. $936,689,000 of loans were in real estate loans. $46,413,000 of loans were in development loans. $117,742,000 of loans were in multifamily mortgage loans. $302,990,000 of loans were in 1-4 family mortgage loans. $78,411,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,632,000 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 | 410 | $83,973 | $204,812 |
| Nonfarm, nonresidential loans - <$100k | 88 | $3,794 | $43,114 |
| Nonfarm, nonresidential loans - $100-250k | 144 | $16,619 | $115,410 |
| Nonfarm, nonresidential loans - $250k-1MM | 178 | $63,560 | $357,079 |
| Commercial & Industrial, US addressed loans - <$1MM | 1,369 | $132,738 | $96,960 |
| Commercial & Industrial, US addressed loans - <$100k | 901 | $29,823 | $33,100 |
| Commercial & Industrial, US addressed loans - $100-250k | 267 | $30,688 | $114,936 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 201 | $72,227 | $359,338 |
| Farmland loans - <$1MM | 200 | $27,866 | $139,330 |
| Farmland loans - <$100k | 58 | $3,114 | $53,690 |
| Farmland loans - $100-250k | 83 | $9,582 | $115,446 |
| Farmland loans - $250k-1MM | 59 | $15,170 | $257,119 |
| Agriculture operations loans - <$1MM | 374 | $33,278 | $88,979 |
| Agriculture operations loans - <$100k | 247 | $9,194 | $37,223 |
| Agriculture operations loans - $100-250k | 78 | $10,327 | $132,397 |
| Agriculture operations loans - $250k-1MM | 49 | $13,757 | $280,755 |