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 and Refi 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 an average pick rate when compared to similar lenders.

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    Originations

    341

    Origination Dollar Volume (All Markets)

    $44,595,000

    Employee count

    36

    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) 234 $30,960,000 $132,308 $0 0.00%
    Outside of Metro Areas 76 $8,980,000 $118,158 $0 0.00%
    Ogdensburg-Massena, NY (FHA|USDA|VA) 25 $4,235,000 $169,400 $0 0.00%
    UTICA-ROME, NY (FHA|USDA|VA) 5 $375,000 $75,000 $0 0.00%
    SYRACUSE, NY (FHA|USDA|VA) 1 $45,000 $45,000 $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 253 $30,005,000 $118,597 $0 0.00%
    VA 37 $7,935,000 $214,459 $0 0.00%
    USDA 31 $3,875,000 $125,000 $0 0.00%
    FHA 20 $2,780,000 $139,000 $0 0.00%

    For 2020, Carthage Federal Savings And Loan Association's most frequently originated type of loan was Conventional, with 253 originations. Their 2nd most popular type was VA, with 37 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 225 $33,655,000 $149,578 $0 0.00%
    Refi 82 $9,290,000 $113,293 $0 0.00%
    Home Improvement 20 $1,050,000 $52,500 $0 0.00%
    Other 14 $600,000 $42,857 $0 0.00%

    For 2020, Carthage Federal Savings And Loan Association's most frequently cited loan purpose was Home Purchase, with 225 originations. The 2nd most popular reason was Refi, with 82 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 341 $44,595,000 $130,777 $0 0.00%

    For 2020, Carthage Federal Savings And Loan Association's most frequently cited loan duration was Other, with 341 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 142 $8,410,000 $59,225 $0 0.00%
    $100k-200k 140 $19,500,000 $139,286 $0 0.00%
    $200k-400k 55 $14,895,000 $270,818 $0 0.00%
    $400k-600k 4 $1,790,000 $447,500 $0 0.00%

    2020 saw Carthage Federal Savings And Loan Association place emphasis on $100,000 or less loans with 142 originations, totaling $8,410,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 79 $9,045,000 $114,494 $0 0.00%
    $50k or less 73 $6,035,000 $82,671 $0 0.00%
    $75k-100k 66 $8,260,000 $125,152 $0 0.00%
    $100k-150k 64 $10,310,000 $161,094 $0 0.00%
    $150k-250k 33 $5,565,000 $168,636 $0 0.00%
    $250k+ 22 $4,730,000 $215,000 $0 0.00%

    Carthage Federal Savings And Loan Association lent most frequently to those with incomes in the $50k-75k range, with 79 originations. The second most popular income band? $50k or less, with 73 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 341 $44,595,000 $130,777 $0 0.00%

    Carthage Federal Savings And Loan Association lent most frequently to those with DTI ratios of Exempt%, with 341 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 327 $42,255,000 $129,220 $0 0.00%
    Not provided 8 $1,210,000 $151,250 $0 0.00%
    Asian 3 $635,000 $211,667 $0 0.00%
    Black 3 $495,000 $165,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    87.53%

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

    Pick Rate

    Approvals leading to origination
    92.96%

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

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 341 $44,595,000 $130,777

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 62 $4,740,000 $76,452
    Single Family (1-4 Units):Site-Built 279 $39,855,000 $142,849

    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 $48,825
    Carthage Federal Savings and Loan Association 313 State St Carthage, NY 13619 Full Service B&M $160,539
    Carthage Federal Savings and Loan Association 325 State Street Clayton, NY 13624 Full Service B&M $8,109
    Carthage Federal Savings and Loan Association 9756 Main Street Croghan, NY 13327 Full Service B&M $11,135

    For 2020, Carthage Federal Savings And Loan Association had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $8,882
    Net interest income $6,741
    Total noninterest income $614
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $354
    Trading account gains and fees $0
    Additional Noninterest Income $260
    Pre-tax net operating income $2,094
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,685
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,685
    Minority interest net income $0
    Net income $1,685
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,685

    Carthage Federal Savings And Loan Association's gross interest income from loans was $8,882,000.
    Carthage Federal Savings And Loan Association's net interest income from loans was $6,741,000.
    Carthage Federal Savings And Loan Association's fee based income from loans was $354,000.
    Carthage Federal Savings And Loan Association's net income from loans was $1,685,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,141
    Provision for credit losses $135
    Total noninterest expense $5,126
    Salaries and employee benefits $2,649
    Premises and equipment expense $556
    Additional noninterest expense $1,921
    Applicable income taxes $409
    Net charge-offs $52
    Cash dividends $0

    Carthage Federal Savings And Loan Association's interest expense for loans was $2,141,000.
    Carthage Federal Savings And Loan Association's payroll and benefits expense were $2,649,000.
    Carthage Federal Savings And Loan Association's property, plant and equipment expenses $556,000.

    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 $235,801
    Deposits held in domestic offices $235,801
    Deposits by Individuals, partnerships, and corporations $215,217
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $20,584
    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 $76,014
    Demand deposits $14,392
    Nontransaction accounts $159,787
    Money market deposit accounts (MMDAs) $11,864
    Other savings deposits (excluding MMDAs) $32,033
    Total time deposits $115,889
    Total time and savings deposits $221,409
    Noninterest-bearing deposits $45,866
    Interest-bearing deposits $189,935
    Retail deposits $195,709
    IRAs and Keogh plan accounts $22,055
    Brokered deposits $29,925
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $277,828
    Cash & Balances due from depository institutions $32,615
    Interest-bearing balances $30,196
    Total securities $34,399
    Federal funds sold & reverse repurchase $0
    Net loans and leases $195,094
    Loan and leases loss allowance $916
    Trading account assets $0
    Bank premises and fixed assets $2,825
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $12,895

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $277,827
    Total Liabilities $248,616
    Total deposits $235,801
    Interest-bearing deposits $189,935
    Deposits held in domestic offices $235,801
    % insured (estimated) $85
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $9,983
    Subordinated debt $0
    All other liabilities $2,832

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $195,094
    Loan and leases loss allowance $916
    Total loans and leases (domestic) $196,010
    All real estate loans $181,401
    Real estate loans in domestic offices $181,401
    Construction and development loans $3,303
    Residential 1-4 family construction $3,115
    Other construction, all land development and other land $188
    Loans secured by nonfarm nonresidential properties $1,514
    Nonfarm nonresidential secured by owner-occupied properties $0
    Commercial real estate & other non-farm, non-residential $1,514
    Multifamily residential real estate $372
    1-4 family residential loans $176,212
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $7,340
    To non-U.S. addressees $0
    Loans to individuals $7,269
    Credit card loans $0
    Related Plans $84
    Consumer Auto Loans $2,695
    Other loans to individuals $4,490
    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 $195,094,000 of loans outstanding in 2020. $181,401,000 of loans were in real estate loans. $3,303,000 of loans were in development loans. $372,000 of loans were in multifamily mortgage loans. $176,212,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $2,695,000 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 $1,514 $65,826
    Nonfarm, nonresidential loans - <$100k 14 $522 $37,286
    Nonfarm, nonresidential loans - $100-250k 8 $762 $95,250
    Nonfarm, nonresidential loans - $250k-1MM 1 $230 $230,000
    Commercial & Industrial, US addressed loans - <$1MM 28 $7,340 $262,143
    Commercial & Industrial, US addressed loans - <$100k 25 $525 $21,000
    Commercial & Industrial, US addressed loans - $100-250k 1 $152 $152,000
    Commercial & Industrial, US addressed loans - $250k-1MM 2 $6,663 $3,331,500