Carver Federal Savings Bank Mortgage Rates, Fees & Info

New York, NY

LEI: 2549007AVAXPID11FL11

Tax ID: 13-1592005

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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

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



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    Originations

    0

    Origination Dollar Volume (All Markets)

    $0

    Employee count

    97

    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 $73,642
    Carver Federal Savings Bank 115-02 Merrick Blvd Jamaica, NY 11434 Full Service B&M $62,421
    Carver Federal Savings Bank 1392 Fulton Street Brooklyn, NY 11216 Full Service B&M $71,150
    Carver Federal Savings Bank 142 Malcolm X Boulevard New York, NY 10026 Full Service B&M $23,284
    Carver Federal Savings Bank 4 Hanson Place Brooklyn, NY 11217 Full Service B&M $41,510
    Carver Federal Savings Bank 75 West 125th Street New York, NY 10027 Full Service B&M $280,027
    Carver Federal Savings Bank 833 Flatbush Avenue Brooklyn, NY 11226 Full Service B&M $26,432

    For 2021, Carver Federal Savings Bank had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $22,186
    Net interest income $19,978
    Total noninterest income $7,604
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $870
    Trading account gains and fees $0
    Additional Noninterest Income $6,734
    Pre-tax net operating income $-628
    Securities gains (or losses, -) $331
    Income before extraordinary items $-297
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $-297
    Minority interest net income $0
    Net income $-297
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $-628

    Carver Federal Savings Bank's gross interest income from loans was $22,186,000.
    Carver Federal Savings Bank's net interest income from loans was $19,978,000.
    Carver Federal Savings Bank's fee based income from loans was $870,000.
    Carver Federal Savings Bank's net income from loans was $-297,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,208
    Provision for credit losses $466
    Total noninterest expense $27,744
    Salaries and employee benefits $11,099
    Premises and equipment expense $5,044
    Additional noninterest expense $11,601
    Applicable income taxes $0
    Net charge-offs $117
    Cash dividends $0

    Carver Federal Savings Bank's interest expense for loans was $2,208,000.
    Carver Federal Savings Bank's payroll and benefits expense were $11,099,000.
    Carver Federal Savings Bank's property, plant and equipment expenses $5,044,000.

    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 2.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 4.0%
    HELOC loans 0.0%
    All other family 4.0%
    Commercial & industrial loans 1.0%
    Personal loans 2.0%
    Credit card loans 0.0%
    Other individual loans 2.0%
    Auto loans 0.0%
    Other consumer loans 2.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $632,814
    Deposits held in domestic offices $632,814
    Deposits by Individuals, partnerships, and corporations $597,325
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $13,185
    Deposits by Commercial banks and other depository institutions in U.S. $22,304
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $196,658
    Demand deposits $191,556
    Nontransaction accounts $436,156
    Money market deposit accounts (MMDAs) $156,123
    Other savings deposits (excluding MMDAs) $122,813
    Total time deposits $157,220
    Total time and savings deposits $441,258
    Noninterest-bearing deposits $135,651
    Interest-bearing deposits $497,163
    Retail deposits $530,638
    IRAs and Keogh plan accounts $5,269
    Brokered deposits $67,853
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $723,256
    Cash & Balances due from depository institutions $65,724
    Interest-bearing balances $62,631
    Total securities $80,676
    Federal funds sold & reverse repurchase $0
    Net loans and leases $547,389
    Loan and leases loss allowance $5,488
    Trading account assets $0
    Bank premises and fixed assets $18,262
    Other real estate owned $60
    Goodwill and other intangibles $132
    All other assets $11,013

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $723,256
    Total Liabilities $651,742
    Total deposits $632,814
    Interest-bearing deposits $497,163
    Deposits held in domestic offices $632,814
    % insured (estimated) $71
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $455
    Subordinated debt $0
    All other liabilities $18,473

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $547,389
    Loan and leases loss allowance $5,488
    Total loans and leases (domestic) $552,877
    All real estate loans $516,515
    Real estate loans in domestic offices $516,515
    Construction and development loans $4,012
    Residential 1-4 family construction $0
    Other construction, all land development and other land $4,012
    Loans secured by nonfarm nonresidential properties $285,402
    Nonfarm nonresidential secured by owner-occupied properties $122,524
    Commercial real estate & other non-farm, non-residential $162,878
    Multifamily residential real estate $107,548
    1-4 family residential loans $119,553
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $29,170
    To non-U.S. addressees $0
    Loans to individuals $2,103
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $0
    Other loans to individuals $2,103
    All other loans & leases $5,089
    Loans to foreign governments and official institutions $0
    Other loans $5,089
    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 $5,525
    Non 1-4 family restructured loans & leases $5,242
    Total loans and leases (foreign) $0

    Carver Federal Savings Bank had $547,389,000 of loans outstanding in 2021. $516,515,000 of loans were in real estate loans. $4,012,000 of loans were in development loans. $107,548,000 of loans were in multifamily mortgage loans. $119,553,000 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 86 $38,849 $451,733
    Nonfarm, nonresidential loans - <$100k 1 $33 $33,000
    Nonfarm, nonresidential loans - $100-250k 10 $1,521 $152,100
    Nonfarm, nonresidential loans - $250k-1MM 75 $37,295 $497,267
    Commercial & Industrial, US addressed loans - <$1MM 136 $12,106 $89,015
    Commercial & Industrial, US addressed loans - <$100k 97 $1,858 $19,155
    Commercial & Industrial, US addressed loans - $100-250k 20 $2,776 $138,800
    Commercial & Industrial, US addressed loans - $250k-1MM 19 $7,472 $393,263