North Side Federal Savings And Loan Association Of Chicago Mortgage Rates, Fees & Info
Chicago, ILLEI: 254900S293MIVH34PR45
Tax ID: 36-1559567
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Mortgage Data
Bank Data
Review & Overview
North Side Federal Savings And Loan Association Of Chicago is a smaller mortgage company specializing in Refi and Home Purchase loans. North Side Federal Savings And Loan Association Of Chicago has a high proportion of conventional loans. Their top (well, only) market is Chicago.North Side Federal Savings And Loan Association Of Chicago has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. They typically have about average rates.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.27% | 11/23/24 |
| 30 Year Conventional Refi | 6.27% | 11/23/24 |
| 30 Year Cash-out Refi | 6.27% | 11/23/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
North Side Federal Savings And Loan Association Of Chicago Mortgage Calculator
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Originations
31Origination Dollar Volume (All Markets)
$8,175,000Employee count
9Top 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 |
|---|---|---|---|---|---|
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 31 | $8,175,000 | $263,710 | $0 | 3.65% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 24 | $6,620,000 | $275,833 | $0 | 3.47% |
| HELOC | 7 | $1,555,000 | $222,143 | n/a | 4.25% |
For 2020, North Side Federal Savings And Loan Association Of Chicago's most frequently originated type of loan was Conventional, with 24 originations. Their 2nd most popular type was HELOC, with 7 originations.
Loan Reason
For 2020, North Side Federal Savings And Loan Association Of Chicago's most frequently cited loan purpose was Refi, with 14 originations. The 2nd most popular reason was Home Purchase, with 7 originations.
Loan Duration/Length
For 2020, North Side Federal Savings And Loan Association Of Chicago's most frequently cited loan duration was 30 Year, with 11 originations. The 2nd most popular length was Other, with 9 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 11 | $2,875,000 | $261,364 |
| 4-5% | 10 | $2,800,000 | $280,000 |
| 3-4% | 9 | $2,445,000 | $271,667 |
| 5-6% | 1 | $55,000 | $55,000 |
During 2020, North Side Federal Savings And Loan Association Of Chicago's average interest rate for loans was 3.36%, while their most frequently originated rate bucket for loans was 2.5-3%, with 11 originations.
Loan Sizing
2020 saw North Side Federal Savings And Loan Association Of Chicago place emphasis on $200k-400k loans with 13 originations, totaling $3,485,000 in origination value.
Applicant Income
North Side Federal Savings And Loan Association Of Chicago lent most frequently to those with incomes in the $100k-150k range, with 7 originations. The second most popular income band? $150k-250k, with 5 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 31 | $8,175,000 | $263,710 | $0 | 3.65% |
North Side Federal Savings And Loan Association Of Chicago lent most frequently to those with DTI ratios of Exempt%, with 31 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 29 | $7,745,000 | $267,069 | $0 | 3.65% |
| Chinese | 1 | $345,000 | $345,000 | $0 | 3.00% |
| Other Asian | 1 | $85,000 | $85,000 | $0 | 4.38% |
Approval Rates
Total approvals of all applications100.00%
North Side Federal Savings And Loan Association Of Chicago has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination96.77%
North Side Federal Savings And Loan Association Of Chicago has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 31 | $8,175,000 | $263,710 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 2 | $890,000 | $445,000 |
| Single Family (1-4 Units):Site-Built | 29 | $7,285,000 | $251,207 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| NORTHWEST BANCSHARES INC | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 50.0% |
| NORTHWEST BANCSHARES INC | Conventional home mortgage | Trouble during payment process | 1 | 50.0% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| North Side Federal Savings and Loan Association of Chicago | 5159 N Clark St Chicago, IL 60640 | Full Service B&M | $37,214 |
For 2020, North Side Federal Savings And Loan Association Of Chicago had 1 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $1,482 |
| Net interest income | $1,322 |
| Total noninterest income | $82 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $24 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $58 |
| Pre-tax net operating income | $-244 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $-186 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $-186 |
| Minority interest net income | $0 |
| Net income | $-186 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $-186 |
North Side Federal Savings And Loan Association Of Chicago's gross interest income from loans was $1,482,000.
North Side Federal Savings And Loan Association Of Chicago's net interest income from loans was $1,322,000.
North Side Federal Savings And Loan Association Of Chicago's fee based income from loans was $24,000.
North Side Federal Savings And Loan Association Of Chicago's net income from loans was $-186,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $160 |
| Provision for credit losses | $0 |
| Total noninterest expense | $1,648 |
| Salaries and employee benefits | $987 |
| Premises and equipment expense | $115 |
| Additional noninterest expense | $546 |
| Applicable income taxes | $-58 |
| Net charge-offs | $0 |
| Cash dividends | $0 |
North Side Federal Savings And Loan Association Of Chicago's interest expense for loans was $160,000.
North Side Federal Savings And Loan Association Of Chicago's payroll and benefits expense were $987,000.
North Side Federal Savings And Loan Association Of Chicago's property, plant and equipment expenses $115,000.
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 | 0.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 3.0% |
| HELOC loans | 0.0% |
| All other family | 3.0% |
| 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 | $40,029 |
| Deposits held in domestic offices | $40,029 |
| Deposits by Individuals, partnerships, and corporations | $40,028 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $0 |
| 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 | $10,234 |
| Demand deposits | $7,730 |
| Nontransaction accounts | $29,794 |
| Money market deposit accounts (MMDAs) | $1,835 |
| Other savings deposits (excluding MMDAs) | $16,936 |
| Total time deposits | $11,023 |
| Total time and savings deposits | $32,298 |
| Noninterest-bearing deposits | $7,730 |
| Interest-bearing deposits | $32,299 |
| Retail deposits | $38,782 |
| IRAs and Keogh plan accounts | $2,519 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $49,459 |
| Cash & Balances due from depository institutions | $7,919 |
| Interest-bearing balances | $7,404 |
| Total securities | $9,989 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $29,740 |
| Loan and leases loss allowance | $287 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $802 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $9 |
| All other assets | $1,000 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $49,460 |
| Total Liabilities | $45,809 |
| Total deposits | $40,029 |
| Interest-bearing deposits | $32,299 |
| Deposits held in domestic offices | $40,029 |
| % insured (estimated) | $95 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $5,041 |
| Subordinated debt | $0 |
| All other liabilities | $739 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $29,740 |
| Loan and leases loss allowance | $287 |
| Total loans and leases (domestic) | $30,027 |
| All real estate loans | $26,173 |
| Real estate loans in domestic offices | $26,173 |
| 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 | $3,130 |
| Nonfarm nonresidential secured by owner-occupied properties | $3,130 |
| Commercial real estate & other non-farm, non-residential | $0 |
| Multifamily residential real estate | $2,316 |
| 1-4 family residential loans | $20,727 |
| Farmland loans | $0 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $3,851 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $3 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $0 |
| Other loans to individuals | $3 |
| 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 | $957 |
| Non 1-4 family restructured loans & leases | $0 |
| Total loans and leases (foreign) | $0 |
North Side Federal Savings and Loan Association of Chicago had $29,740,000 of loans outstanding in 2020. $26,173,000 of loans were in real estate loans. $0 of loans were in development loans. $2,316,000 of loans were in multifamily mortgage loans. $20,727,000 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 | 10 | $2,807 | $280,700 |
| Nonfarm, nonresidential loans - $100-250k | 4 | $458 | $114,500 |
| Nonfarm, nonresidential loans - $250k-1MM | 6 | $2,349 | $391,500 |
| Commercial & Industrial, US addressed loans - <$1MM | 60 | $3,851 | $64,183 |
| Commercial & Industrial, US addressed loans - <$100k | 46 | $1,315 | $28,587 |
| Commercial & Industrial, US addressed loans - $100-250k | 13 | $2,133 | $164,077 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 1 | $403 | $403,000 |