Clackamas County Bank Mortgage Rates, Fees & Info

Sandy, OR

LEI: 254900U7WUFP33SSQ460

Tax ID: 93-0140734

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    Clackamas County Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Clackamas County Bank has a high proportion of conventional loans. Their top (well, only) market is Portland.

    Clackamas County Bank 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

    18

    Origination Dollar Volume (All Markets)

    $6,910,000

    Employee count

    51

    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
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 18 $6,910,000 $383,889 $0 0.00%
    Clackamas County Bank's top markets include and Portland among others.

    Their top states include:
  • Oregon (FHA|USDA|VA)
  • Washington (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 18 $6,910,000 $383,889 $0 0.00%

    For 2020, Clackamas County Bank's most frequently originated type of loan was Conventional, with 18 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 9 $4,165,000 $462,778 $0 0.00%
    Cash Out Refi 6 $2,010,000 $335,000 $0 0.00%
    Refi 2 $550,000 $275,000 $0 0.00%
    Home Improvement 1 $185,000 $185,000 $0 0.00%

    For 2020, Clackamas County Bank's most frequently cited loan purpose was Home Purchase, with 9 originations. The 2nd most popular reason was Cash Out Refi, with 6 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 18 $6,910,000 $383,889 $0 0.00%

    For 2020, Clackamas County Bank's most frequently cited loan duration was Other, with 18 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 8 $2,220,000 $277,500 $0 0.00%
    $100k-200k 3 $505,000 $168,333 $0 0.00%
    $400k-600k 3 $1,435,000 $478,333 $0 0.00%
    $600k-1MM 2 $1,580,000 $790,000 $0 0.00%
    $100,000 or less 1 $15,000 $15,000 $0 0.00%
    $1MM+ 1 $1,155,000 $1,155,000 $0 0.00%

    2020 saw Clackamas County Bank place emphasis on $200k-400k loans with 8 originations, totaling $2,220,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 4 $1,650,000 $412,500 $0 0.00%
    $150k-250k 3 $995,000 $331,667 $0 0.00%
    $250k+ 2 $1,250,000 $625,000 $0 0.00%
    $50k-75k 1 $125,000 $125,000 $0 0.00%
    $50k or less 1 $455,000 $455,000 $0 0.00%

    Clackamas County Bank lent most frequently to those with incomes in the $100k-150k range, with 4 originations. The second most popular income band? $150k-250k, with 3 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 18 $6,910,000 $383,889 $0 0.00%

    Clackamas County Bank lent most frequently to those with DTI ratios of Exempt%, with 18 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 11 $4,055,000 $368,636 $0 0.00%
    Not applicable 6 $2,420,000 $403,333 $0 0.00%
    Not provided 1 $435,000 $435,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    81.25%

    Clackamas County Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    66.67%

    Clackamas County Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 18 $6,910,000 $383,889

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $1,155,000 $1,155,000
    Single Family (1-4 Units):Manufactured 1 $435,000 $435,000
    Single Family (1-4 Units):Site-Built 16 $5,320,000 $332,500

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    CLA Co, Inc. Conventional home mortgage Closing on a mortgage 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Clackamas County Bank 1101 Ne Burnside Rd Gresham, OR 97030 Full Service B&M $42,085
    Clackamas County Bank 28500 S.E. Highway 212 Boring, OR 97009 Full Service B&M $42,828
    Clackamas County Bank 38975 Proctor Blvd. Sandy, OR 97055 Full Service B&M $88,399
    Clackamas County Bank 67430 E. Highway 26 Welches, OR 97067 Full Service B&M $24,500

    For 2020, Clackamas County Bank had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $9,377
    Net interest income $9,202
    Total noninterest income $1,400
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $207
    Trading account gains and fees $0
    Additional Noninterest Income $1,193
    Pre-tax net operating income $3,764
    Securities gains (or losses, -) $0
    Income before extraordinary items $3,709
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,709
    Minority interest net income $0
    Net income $3,709
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,709

    Clackamas County Bank's gross interest income from loans was $9,377,000.
    Clackamas County Bank's net interest income from loans was $9,202,000.
    Clackamas County Bank's fee based income from loans was $207,000.
    Clackamas County Bank's net income from loans was $3,709,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $175
    Provision for credit losses $-145
    Total noninterest expense $6,983
    Salaries and employee benefits $4,277
    Premises and equipment expense $1,070
    Additional noninterest expense $1,636
    Applicable income taxes $55
    Net charge-offs $-157
    Cash dividends $2,347

    Clackamas County Bank's interest expense for loans was $175,000.
    Clackamas County Bank's payroll and benefits expense were $4,277,000.
    Clackamas County Bank's property, plant and equipment expenses $1,070,000.

    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 $213,978
    Deposits held in domestic offices $213,978
    Deposits by Individuals, partnerships, and corporations $209,946
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $4,032
    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 $100,852
    Demand deposits $90,678
    Nontransaction accounts $113,126
    Money market deposit accounts (MMDAs) $43,431
    Other savings deposits (excluding MMDAs) $45,759
    Total time deposits $23,936
    Total time and savings deposits $123,300
    Noninterest-bearing deposits $100,852
    Interest-bearing deposits $113,126
    Retail deposits $209,290
    IRAs and Keogh plan accounts $6,328
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $271,909
    Cash & Balances due from depository institutions $54,853
    Interest-bearing balances $50,971
    Total securities $68,764
    Federal funds sold & reverse repurchase $0
    Net loans and leases $136,924
    Loan and leases loss allowance $1,843
    Trading account assets $0
    Bank premises and fixed assets $9,883
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $1,485

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $271,909
    Total Liabilities $240,082
    Total deposits $213,978
    Interest-bearing deposits $113,126
    Deposits held in domestic offices $213,978
    % insured (estimated) $86
    Federal funds purchased and repurchase agreements $25,856
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $248

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $136,924
    Loan and leases loss allowance $1,843
    Total loans and leases (domestic) $138,767
    All real estate loans $133,115
    Real estate loans in domestic offices $133,115
    Construction and development loans $18,547
    Residential 1-4 family construction $6,040
    Other construction, all land development and other land $12,507
    Loans secured by nonfarm nonresidential properties $55,143
    Nonfarm nonresidential secured by owner-occupied properties $12,959
    Commercial real estate & other non-farm, non-residential $42,184
    Multifamily residential real estate $25,716
    1-4 family residential loans $30,390
    Farmland loans $3,319
    Loans held in foreign offices $0
    Farm loans $175
    Commercial and industrial loans $5,240
    To non-U.S. addressees $0
    Loans to individuals $711
    Credit card loans $0
    Related Plans $344
    Consumer Auto Loans $18
    Other loans to individuals $349
    All other loans & leases $566
    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

    Clackamas County Bank had $136,924,000 of loans outstanding in 2020. $133,115,000 of loans were in real estate loans. $18,547,000 of loans were in development loans. $25,716,000 of loans were in multifamily mortgage loans. $30,390,000 of loans were in 1-4 family mortgage loans. $175,000 of loans were in farm loans. $0 of loans were in credit card loans. $18,000 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 107 $33,868 $316,523
    Nonfarm, nonresidential loans - <$100k 5 $259 $51,800
    Nonfarm, nonresidential loans - $100-250k 38 $5,056 $133,053
    Nonfarm, nonresidential loans - $250k-1MM 64 $28,553 $446,141
    Commercial & Industrial, US addressed loans - <$1MM 119 $5,240 $44,034
    Commercial & Industrial, US addressed loans - <$100k 102 $2,565 $25,147
    Commercial & Industrial, US addressed loans - $100-250k 15 $1,965 $131,000
    Commercial & Industrial, US addressed loans - $250k-1MM 2 $710 $355,000
    Farmland loans - <$1MM 6 $1,186 $197,667
    Farmland loans - $100-250k 4 $420 $105,000
    Farmland loans - $250k-1MM 2 $766 $383,000
    Agriculture operations loans - <$1MM 2 $175 $87,500
    Agriculture operations loans - <$100k 1 $1 $1,000
    Agriculture operations loans - $100-250k 1 $174 $174,000