Community Savings Bank Mortgage Rates, Fees & Info

Chicago, IL

LEI: 254900XX2FPZR1Y4FO11

Tax ID: 36-0939290

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

    Community Savings Bank is a smaller bank specializing in Refi and Home Purchase loans. Community Savings Bank has a high proportion of conventional loans. Their top (well, only) market is Chicago.

    Community Savings Bank has an above 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

    120

    Origination Dollar Volume (All Markets)

    $28,000,000

    Employee count

    59

    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
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 120 $28,000,000 $233,333 $0 0.00%
    Community Savings Bank's top markets include and Chicago among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 120 $28,000,000 $233,333 $0 0.00%

    For 2020, Community Savings Bank's most frequently originated type of loan was Conventional, with 120 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 81 $18,735,000 $231,296 $0 0.00%
    Home Purchase 31 $8,265,000 $266,613 $0 0.00%
    Home Improvement 4 $720,000 $180,000 $0 0.00%
    Other 4 $280,000 $70,000 $0 0.00%

    For 2020, Community Savings Bank's most frequently cited loan purpose was Refi, with 81 originations. The 2nd most popular reason was Home Purchase, with 31 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 120 $28,000,000 $233,333 $0 0.00%

    For 2020, Community Savings Bank's most frequently cited loan duration was Other, with 120 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 52 $13,920,000 $267,692 $0 0.00%
    $100k-200k 41 $6,165,000 $150,366 $0 0.00%
    $100,000 or less 15 $735,000 $49,000 $0 0.00%
    $400k-600k 7 $3,575,000 $510,714 $0 0.00%
    $600k-1MM 5 $3,605,000 $721,000 $0 0.00%

    2020 saw Community Savings Bank place emphasis on $200k-400k loans with 52 originations, totaling $13,920,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 26 $5,150,000 $198,077 $0 0.00%
    $50k or less 22 $3,120,000 $141,818 $0 0.00%
    $75k-100k 19 $4,685,000 $246,579 $0 0.00%
    $100k-150k 14 $3,510,000 $250,714 $0 0.00%
    $150k-250k 12 $2,470,000 $205,833 $0 0.00%

    Community Savings Bank lent most frequently to those with incomes in the $50k-75k range, with 26 originations. The second most popular income band? $50k or less, with 22 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 120 $28,000,000 $233,333 $0 0.00%

    Community Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 120 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 109 $23,545,000 $216,009 $0 0.00%
    Not applicable 9 $4,125,000 $458,333 $0 0.00%
    Asian 2 $330,000 $165,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.67%

    Community Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.17%

    Community Savings Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 120 $28,000,000 $233,333

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 17 $6,615,000 $389,118
    Single Family (1-4 Units):Site-Built 103 $21,385,000 $207,621

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    COMMUNITY BANK SYSTEM, INC. Conventional home mortgage Struggling to pay mortgage 1 33.3%
    COMMUNITY BANK SYSTEM, INC. Conventional home mortgage Trouble during payment process 1 33.3%
    COMMUNITY BANK SYSTEM, INC. Other type of mortgage Closing on a mortgage 1 33.3%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Community Savings Bank 4801 West Belmont Street Chicago, IL 60641 Full Service B&M $349,474
    Community Savings Bank 4824 West Belmont Avenue Chicago, IL 60641 Limited, Drive-thru $2

    For 2020, Community Savings Bank had 2 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $12,537
    Net interest income $9,402
    Total noninterest income $292
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $37
    Trading account gains and fees $0
    Additional Noninterest Income $255
    Pre-tax net operating income $-224
    Securities gains (or losses, -) $524
    Income before extraordinary items $245
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $245
    Minority interest net income $0
    Net income $245
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $-184

    Community Savings Bank's gross interest income from loans was $12,537,000.
    Community Savings Bank's net interest income from loans was $9,402,000.
    Community Savings Bank's fee based income from loans was $37,000.
    Community Savings Bank's net income from loans was $245,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,135
    Provision for credit losses $127
    Total noninterest expense $9,791
    Salaries and employee benefits $6,690
    Premises and equipment expense $1,059
    Additional noninterest expense $2,042
    Applicable income taxes $55
    Net charge-offs $1
    Cash dividends $0

    Community Savings Bank's interest expense for loans was $3,135,000.
    Community Savings Bank's payroll and benefits expense were $6,690,000.
    Community Savings Bank's property, plant and equipment expenses $1,059,000.

    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 $360,522
    Deposits held in domestic offices $360,522
    Deposits by Individuals, partnerships, and corporations $360,522
    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 $102,162
    Demand deposits $4,652
    Nontransaction accounts $258,360
    Money market deposit accounts (MMDAs) $19,601
    Other savings deposits (excluding MMDAs) $75,950
    Total time deposits $162,809
    Total time and savings deposits $355,870
    Noninterest-bearing deposits $4,936
    Interest-bearing deposits $355,586
    Retail deposits $340,673
    IRAs and Keogh plan accounts $23,567
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $433,303
    Cash & Balances due from depository institutions $29,684
    Interest-bearing balances $13,171
    Total securities $145,572
    Federal funds sold & reverse repurchase $13,050
    Net loans and leases $228,991
    Loan and leases loss allowance $915
    Trading account assets $0
    Bank premises and fixed assets $7,067
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $8,939

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $433,303
    Total Liabilities $366,868
    Total deposits $360,522
    Interest-bearing deposits $355,586
    Deposits held in domestic offices $360,522
    % insured (estimated) $94
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $4,000
    Subordinated debt $0
    All other liabilities $2,346

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $228,991
    Loan and leases loss allowance $915
    Total loans and leases (domestic) $229,906
    All real estate loans $230,464
    Real estate loans in domestic offices $230,464
    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 $27,584
    Nonfarm nonresidential secured by owner-occupied properties $678
    Commercial real estate & other non-farm, non-residential $26,906
    Multifamily residential real estate $56,786
    1-4 family residential loans $146,094
    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 $39
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $0
    Other loans to individuals $39
    All other loans & leases $32
    Loans to foreign governments and official institutions $0
    Other loans $32
    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 $5,855
    Non 1-4 family restructured loans & leases $1,754
    Total loans and leases (foreign) $0

    Community Savings Bank had $228,991,000 of loans outstanding in 2020. $230,464,000 of loans were in real estate loans. $0 of loans were in development loans. $56,786,000 of loans were in multifamily mortgage loans. $146,094,000 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 110 $27,584 $250,764
    Nonfarm, nonresidential loans - <$100k 14 $501 $35,786
    Nonfarm, nonresidential loans - $100-250k 50 $6,206 $124,120
    Nonfarm, nonresidential loans - $250k-1MM 46 $20,877 $453,848