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 an average proportion of FHA loans. 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

    224

    Origination Dollar Volume (All Markets)

    $25,420,000

    Employee count

    37

    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) 152 $18,810,000 $123,750 $0 0.00%
    Outside of Metro Areas 52 $4,970,000 $95,577 $0 0.00%
    Ogdensburg-Massena, NY (FHA|USDA|VA) 14 $860,000 $61,429 $0 0.00%
    UTICA-ROME, NY (FHA|USDA|VA) 3 $505,000 $168,333 $0 0.00%
    SYRACUSE, NY (FHA|USDA|VA) 3 $275,000 $91,667 $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 164 $16,250,000 $99,085 $0 0.00%
    VA 25 $4,895,000 $195,800 $0 0.00%
    USDA 19 $1,965,000 $103,421 $0 0.00%
    FHA 16 $2,310,000 $144,375 $0 0.00%

    For 2019, Carthage Federal Savings And Loan Association's most frequently originated type of loan was Conventional, with 164 originations. Their 2nd most popular type was VA, with 25 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 175 $21,855,000 $124,886 $0 0.00%
    Refi 23 $2,205,000 $95,870 $0 0.00%
    Home Improvement 18 $990,000 $55,000 $0 0.00%
    Other 8 $370,000 $46,250 $0 0.00%

    For 2019, Carthage Federal Savings And Loan Association's most frequently cited loan purpose was Home Purchase, with 175 originations. The 2nd most popular reason was Refi, with 23 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 224 $25,420,000 $113,482 $0 0.00%

    For 2019, Carthage Federal Savings And Loan Association's most frequently cited loan duration was Other, with 224 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 108 $6,110,000 $56,574 $0 0.00%
    $100k-200k 88 $12,060,000 $137,045 $0 0.00%
    $200k-400k 27 $6,815,000 $252,407 $0 0.00%
    $400k-600k 1 $435,000 $435,000 $0 0.00%

    2019 saw Carthage Federal Savings And Loan Association place emphasis on $100,000 or less loans with 108 originations, totaling $6,110,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 63 $6,225,000 $98,810 $0 0.00%
    $50k or less 51 $3,855,000 $75,588 $0 0.00%
    $75k-100k 45 $5,335,000 $118,556 $0 0.00%
    $100k-150k 34 $4,790,000 $140,882 $0 0.00%
    $150k-250k 24 $3,540,000 $147,500 $0 0.00%
    $250k+ 7 $1,675,000 $239,286 $0 0.00%

    Carthage Federal Savings And Loan Association lent most frequently to those with incomes in the $50k-75k range, with 63 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% 224 $25,420,000 $113,482 $0 0.00%

    Carthage Federal Savings And Loan Association lent most frequently to those with DTI ratios of Exempt%, with 224 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 215 $24,485,000 $113,884 $0 0.00%
    Black 4 $400,000 $100,000 $0 0.00%
    Not provided 3 $325,000 $108,333 $0 0.00%
    American Indian 1 $125,000 $125,000 $0 0.00%
    Asian 1 $85,000 $85,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    86.30%

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

    Pick Rate

    Approvals leading to origination
    87.50%

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

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 224 $25,420,000 $113,482

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 38 $2,520,000 $66,316
    Single Family (1-4 Units):Site-Built 186 $22,900,000 $123,118

    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 $41,475
    Carthage Federal Savings and Loan Association 313 State St Carthage, NY 13619 Full Service B&M $142,222
    Carthage Federal Savings and Loan Association 325 State Street Clayton, NY 13624 Full Service B&M $8,032
    Carthage Federal Savings and Loan Association 9756 Main Street Croghan, NY 13327 Full Service B&M $6,142

    For 2019, Carthage Federal Savings And Loan Association had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $9,234
    Net interest income $6,389
    Total noninterest income $636
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $376
    Trading account gains and fees $0
    Additional Noninterest Income $260
    Pre-tax net operating income $1,927
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,501
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,501
    Minority interest net income $0
    Net income $1,501
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,501

    Carthage Federal Savings And Loan Association's gross interest income from loans was $9,234,000.
    Carthage Federal Savings And Loan Association's net interest income from loans was $6,389,000.
    Carthage Federal Savings And Loan Association's fee based income from loans was $376,000.
    Carthage Federal Savings And Loan Association's net income from loans was $1,501,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,845
    Provision for credit losses $36
    Total noninterest expense $5,062
    Salaries and employee benefits $2,508
    Premises and equipment expense $521
    Additional noninterest expense $2,033
    Applicable income taxes $426
    Net charge-offs $110
    Cash dividends $0

    Carthage Federal Savings And Loan Association's interest expense for loans was $2,845,000.
    Carthage Federal Savings And Loan Association's payroll and benefits expense were $2,508,000.
    Carthage Federal Savings And Loan Association's property, plant and equipment expenses $521,000.

    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 $204,486
    Deposits held in domestic offices $204,486
    Deposits by Individuals, partnerships, and corporations $183,869
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $20,617
    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 $49,124
    Demand deposits $9,206
    Nontransaction accounts $155,362
    Money market deposit accounts (MMDAs) $10,512
    Other savings deposits (excluding MMDAs) $25,224
    Total time deposits $119,625
    Total time and savings deposits $195,280
    Noninterest-bearing deposits $28,410
    Interest-bearing deposits $176,076
    Retail deposits $166,113
    IRAs and Keogh plan accounts $22,187
    Brokered deposits $18,563
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $245,980
    Cash & Balances due from depository institutions $27,232
    Interest-bearing balances $25,340
    Total securities $26,080
    Federal funds sold & reverse repurchase $0
    Net loans and leases $175,617
    Loan and leases loss allowance $833
    Trading account assets $0
    Bank premises and fixed assets $2,911
    Other real estate owned $110
    Goodwill and other intangibles $0
    All other assets $14,030

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $245,980
    Total Liabilities $218,055
    Total deposits $204,486
    Interest-bearing deposits $176,076
    Deposits held in domestic offices $204,486
    % insured (estimated) $85
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $10,741
    Subordinated debt $0
    All other liabilities $2,828

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $175,617
    Loan and leases loss allowance $833
    Total loans and leases (domestic) $176,450
    All real estate loans $170,581
    Real estate loans in domestic offices $170,581
    Construction and development loans $2,498
    Residential 1-4 family construction $2,448
    Other construction, all land development and other land $50
    Loans secured by nonfarm nonresidential properties $1,701
    Nonfarm nonresidential secured by owner-occupied properties $0
    Commercial real estate & other non-farm, non-residential $1,701
    Multifamily residential real estate $389
    1-4 family residential loans $165,993
    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 $5,869
    Credit card loans $0
    Related Plans $148
    Consumer Auto Loans $2,312
    Other loans to individuals $3,409
    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 $175,617,000 of loans outstanding in 2019. $170,581,000 of loans were in real estate loans. $2,498,000 of loans were in development loans. $389,000 of loans were in multifamily mortgage loans. $165,993,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $2,312,000 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 23 $1,701 $73,957
    Nonfarm, nonresidential loans - <$100k 13 $477 $36,692
    Nonfarm, nonresidential loans - $100-250k 9 $958 $106,444
    Nonfarm, nonresidential loans - $250k-1MM 1 $266 $266,000