Carver Federal Savings Bank Mortgage Rates, Fees & Info

New York, NY

LEI: 2549007AVAXPID11FL11

Tax ID: 13-1592005

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

    Carver Federal Savings Bank is a smaller bank specializing in various types of mortgages.



    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

    0

    Origination Dollar Volume (All Markets)

    $0

    Employee count

    108

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Carver Federal Savings Bank 1009 Nostrand Avenue Brooklyn, NY 11225 Full Service B&M $56,563
    Carver Federal Savings Bank 115-02 Merrick Blvd Jamaica, NY 11434 Full Service B&M $51,267
    Carver Federal Savings Bank 1392 Fulton Street Brooklyn, NY 11216 Full Service B&M $60,668
    Carver Federal Savings Bank 142 Malcolm X Boulevard New York, NY 10026 Full Service B&M $16,843
    Carver Federal Savings Bank 300 West 145th Street New York, NY 10039 Full Service B&M $5,632
    Carver Federal Savings Bank 4 Hanson Place Brooklyn, NY 11217 Full Service B&M $31,499
    Carver Federal Savings Bank 75 West 125th Street New York, NY 10027 Full Service B&M $244,927
    Carver Federal Savings Bank 833 Flatbush Avenue Brooklyn, NY 11226 Full Service B&M $15,110

    For 2019, Carver Federal Savings Bank had 8 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $22,241
    Net interest income $17,324
    Total noninterest income $4,007
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,228
    Trading account gains and fees $0
    Additional Noninterest Income $2,779
    Pre-tax net operating income $-4,135
    Securities gains (or losses, -) $-16
    Income before extraordinary items $-4,184
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $-4,184
    Minority interest net income $0
    Net income $-4,184
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $-4,168

    Carver Federal Savings Bank's gross interest income from loans was $22,241,000.
    Carver Federal Savings Bank's net interest income from loans was $17,324,000.
    Carver Federal Savings Bank's fee based income from loans was $1,228,000.
    Carver Federal Savings Bank's net income from loans was $-4,184,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,917
    Provision for credit losses $24
    Total noninterest expense $25,442
    Salaries and employee benefits $11,353
    Premises and equipment expense $5,793
    Additional noninterest expense $8,296
    Applicable income taxes $33
    Net charge-offs $220
    Cash dividends $0

    Carver Federal Savings Bank's interest expense for loans was $4,917,000.
    Carver Federal Savings Bank's payroll and benefits expense were $11,353,000.
    Carver Federal Savings Bank's property, plant and equipment expenses $5,793,000.

    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 4.0%
    HELOC loans 0.0%
    All other family 4.0%
    Commercial & industrial loans 2.0%
    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 $472,413
    Deposits held in domestic offices $472,413
    Deposits by Individuals, partnerships, and corporations $407,726
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $18,000
    Deposits by Commercial banks and other depository institutions in U.S. $46,687
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $92,769
    Demand deposits $86,657
    Nontransaction accounts $379,644
    Money market deposit accounts (MMDAs) $99,632
    Other savings deposits (excluding MMDAs) $95,866
    Total time deposits $184,146
    Total time and savings deposits $385,756
    Noninterest-bearing deposits $62,457
    Interest-bearing deposits $409,957
    Retail deposits $359,571
    IRAs and Keogh plan accounts $5,498
    Brokered deposits $72,038
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $571,987
    Cash & Balances due from depository institutions $41,451
    Interest-bearing balances $33,683
    Total securities $80,890
    Federal funds sold & reverse repurchase $0
    Net loans and leases $417,712
    Loan and leases loss allowance $4,607
    Trading account assets $0
    Bank premises and fixed assets $23,762
    Other real estate owned $120
    Goodwill and other intangibles $172
    All other assets $7,880

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $571,987
    Total Liabilities $506,699
    Total deposits $472,413
    Interest-bearing deposits $409,957
    Deposits held in domestic offices $472,413
    % insured (estimated) $85
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $12,187
    Subordinated debt $0
    All other liabilities $22,099

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $417,712
    Loan and leases loss allowance $4,607
    Total loans and leases (domestic) $422,319
    All real estate loans $404,085
    Real estate loans in domestic offices $404,085
    Construction and development loans $0
    Residential 1-4 family construction $0
    Other construction, all land development and other land $0
    Loans secured by nonfarm nonresidential properties $205,645
    Nonfarm nonresidential secured by owner-occupied properties $69,784
    Commercial real estate & other non-farm, non-residential $135,861
    Multifamily residential real estate $75,801
    1-4 family residential loans $122,639
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $9,656
    To non-U.S. addressees $0
    Loans to individuals $3,535
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $0
    Other loans to individuals $3,535
    All other loans & leases $5,042
    Loans to foreign governments and official institutions $0
    Other loans $5,042
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $5,000
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $1,738
    Non 1-4 family restructured loans & leases $695
    Total loans and leases (foreign) $0

    Carver Federal Savings Bank had $417,712,000 of loans outstanding in 2019. $404,085,000 of loans were in real estate loans. $0 of loans were in development loans. $75,801,000 of loans were in multifamily mortgage loans. $122,639,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $0 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 94 $38,680 $411,489
    Nonfarm, nonresidential loans - <$100k 3 $118 $39,333
    Nonfarm, nonresidential loans - $100-250k 15 $2,316 $154,400
    Nonfarm, nonresidential loans - $250k-1MM 76 $36,246 $476,921
    Commercial & Industrial, US addressed loans - <$1MM 39 $5,337 $136,846
    Commercial & Industrial, US addressed loans - <$100k 15 $216 $14,400
    Commercial & Industrial, US addressed loans - $100-250k 10 $643 $64,300
    Commercial & Industrial, US addressed loans - $250k-1MM 14 $4,478 $319,857