Carthage Federal Savings And Loan Association Mortgage Rates, Fees & Info

Carthage, NY

LEI: 254900DNLSAVSRPDRK61

Tax ID: 15-0263165

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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

    Carthage Federal Savings And Loan Association is a smaller mortgage company specializing in Home Purchase loans. Carthage Federal Savings And Loan Association 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: Watertown, Ogdensburg, Utica, and Syracuse among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Carthage Federal Savings And Loan Association has an average approval rate when compared to the average across all lenders. They have a below 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

    253

    Origination Dollar Volume (All Markets)

    $29,605,000

    Employee count

    32

    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
    WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) 181 $21,305,000 $117,707 $0 0.00%
    Outside of Metro Areas 60 $6,740,000 $112,333 $0 0.00%
    Ogdensburg-Massena, NY (FHA|USDA|VA) 5 $765,000 $153,000 $0 0.00%
    UTICA-ROME, NY (FHA|USDA|VA) 4 $460,000 $115,000 $0 0.00%
    SYRACUSE, NY (FHA|USDA|VA) 3 $335,000 $111,667 $0 0.00%
    Carthage Federal Savings And Loan Association's top markets include Watertown, Ogdensburg, Utica, and Syracuse among others.

    Their top states include:
  • New York (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 189 $20,145,000 $106,587 $0 0.00%
    USDA 28 $2,940,000 $105,000 $0 0.00%
    VA 25 $5,305,000 $212,200 $0 0.00%
    FHA 11 $1,215,000 $110,455 $0 0.00%

    For 2018, Carthage Federal Savings And Loan Association's most frequently originated type of loan was Conventional, with 189 originations. Their 2nd most popular type was USDA, with 28 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 197 $25,965,000 $131,802 $0 0.00%
    Refi 31 $2,715,000 $87,581 $0 0.00%
    Home Improvement 14 $340,000 $24,286 $0 0.00%
    Other 10 $470,000 $47,000 $0 0.00%
    Cash Out Refi 1 $115,000 $115,000 $0 0.00%

    For 2018, Carthage Federal Savings And Loan Association's most frequently cited loan purpose was Home Purchase, with 197 originations. The 2nd most popular reason was Refi, with 31 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 253 $29,605,000 $117,016 $0 0.00%

    For 2018, Carthage Federal Savings And Loan Association's most frequently cited loan duration was Other, with 253 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 124 $7,240,000 $58,387 $0 0.00%
    $100k-200k 96 $13,440,000 $140,000 $0 0.00%
    $200k-400k 31 $8,025,000 $258,871 $0 0.00%
    $400k-600k 2 $900,000 $450,000 $0 0.00%

    2018 saw Carthage Federal Savings And Loan Association place emphasis on $100,000 or less loans with 124 originations, totaling $7,240,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 72 $7,950,000 $110,417 $0 0.00%
    $50k or less 51 $3,815,000 $74,804 $0 0.00%
    $75k-100k 51 $5,905,000 $115,784 $0 0.00%
    $100k-150k 46 $6,380,000 $138,696 $0 0.00%
    $150k-250k 29 $4,815,000 $166,034 $0 0.00%
    $250k+ 3 $665,000 $221,667 $0 0.00%

    Carthage Federal Savings And Loan Association lent most frequently to those with incomes in the $50k-75k range, with 72 originations. The second most popular income band? $50k or less, with 51 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 253 $29,605,000 $117,016 $0 0.00%

    Carthage Federal Savings And Loan Association lent most frequently to those with DTI ratios of Exempt%, with 253 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 249 $29,195,000 $117,249 $0 0.00%
    Asian 1 $205,000 $205,000 $0 0.00%
    Black 2 $180,000 $90,000 $0 0.00%
    American Indian 1 $25,000 $25,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    85.33%

    Carthage Federal Savings And Loan Association has an average approval rate.

    Pick Rate

    Approvals leading to origination
    87.35%

    Carthage Federal Savings And Loan Association has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 253 $29,605,000 $117,016

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 42 $2,930,000 $69,762
    Single Family (1-4 Units):Site-Built 211 $26,675,000 $126,422

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Carthage Federal Savings and Loan Association 146 Arsenal St. Ste. 11 Watertown, NY 13601 Full Service B&M $36,020
    Carthage Federal Savings and Loan Association 313 State St Carthage, NY 13619 Full Service B&M $146,960
    Carthage Federal Savings and Loan Association 325 State Street Clayton, NY 13624 Full Service B&M $2,950

    For 2018, Carthage Federal Savings And Loan Association had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $8,728
    Net interest income $6,593
    Total noninterest income $657
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $343
    Trading account gains and fees $0
    Additional Noninterest Income $314
    Pre-tax net operating income $2,682
    Securities gains (or losses, -) $0
    Income before extraordinary items $2,265
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,265
    Minority interest net income $0
    Net income $2,265
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,265

    Carthage Federal Savings And Loan Association's gross interest income from loans was $8,728,000.
    Carthage Federal Savings And Loan Association's net interest income from loans was $6,593,000.
    Carthage Federal Savings And Loan Association's fee based income from loans was $343,000.
    Carthage Federal Savings And Loan Association's net income from loans was $2,265,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,135
    Provision for credit losses $72
    Total noninterest expense $4,496
    Salaries and employee benefits $2,201
    Premises and equipment expense $540
    Additional noninterest expense $1,755
    Applicable income taxes $417
    Net charge-offs $27
    Cash dividends $0

    Carthage Federal Savings And Loan Association's interest expense for loans was $2,135,000.
    Carthage Federal Savings And Loan Association's payroll and benefits expense were $2,201,000.
    Carthage Federal Savings And Loan Association's property, plant and equipment expenses $540,000.

    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 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 $188,376
    Deposits held in domestic offices $188,376
    Deposits by Individuals, partnerships, and corporations $168,270
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $20,106
    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 $37,703
    Demand deposits $15,608
    Nontransaction accounts $150,673
    Money market deposit accounts (MMDAs) $17,793
    Other savings deposits (excluding MMDAs) $25,123
    Total time deposits $107,757
    Total time and savings deposits $172,768
    Noninterest-bearing deposits $17,997
    Interest-bearing deposits $170,379
    Retail deposits $152,541
    IRAs and Keogh plan accounts $22,334
    Brokered deposits $1,932
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $229,939
    Cash & Balances due from depository institutions $19,272
    Interest-bearing balances $17,450
    Total securities $23,855
    Federal funds sold & reverse repurchase $0
    Net loans and leases $172,676
    Loan and leases loss allowance $908
    Trading account assets $0
    Bank premises and fixed assets $2,668
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $11,468

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $229,940
    Total Liabilities $204,101
    Total deposits $188,376
    Interest-bearing deposits $170,379
    Deposits held in domestic offices $188,376
    % insured (estimated) $77
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $13,656
    Subordinated debt $0
    All other liabilities $2,069

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $172,676
    Loan and leases loss allowance $908
    Total loans and leases (domestic) $173,584
    All real estate loans $168,456
    Real estate loans in domestic offices $168,456
    Construction and development loans $2,456
    Residential 1-4 family construction $2,399
    Other construction, all land development and other land $57
    Loans secured by nonfarm nonresidential properties $1,889
    Nonfarm nonresidential secured by owner-occupied properties $0
    Commercial real estate & other non-farm, non-residential $1,889
    Multifamily residential real estate $356
    1-4 family residential loans $163,755
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $0
    To non-U.S. addressees $0
    Loans to individuals $5,128
    Credit card loans $0
    Related Plans $161
    Consumer Auto Loans $1,846
    Other loans to individuals $3,121
    All other loans & leases $0
    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 $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Carthage Federal Savings and Loan Association had $172,676,000 of loans outstanding in 2018. $168,456,000 of loans were in real estate loans. $2,456,000 of loans were in development loans. $356,000 of loans were in multifamily mortgage loans. $163,755,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $1,846,000 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 26 $1,889 $72,654
    Nonfarm, nonresidential loans - <$100k 15 $470 $31,333
    Nonfarm, nonresidential loans - $100-250k 10 $1,197 $119,700
    Nonfarm, nonresidential loans - $250k-1MM 1 $222 $222,000