Interaudi Bank Mortgage Rates, Fees & Info
New York, NYLEI: 3T5M8FX6V6B82KVKOB17
Tax ID: 13-3148430
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Mortgage Data
Bank Data
Review & Overview
Interaudi Bank is a smaller bank specializing in Refi and Home Purchase loans. Interaudi Bank has a high proportion of conventional loans. Their top markets by origination volume include: New York, Miami, San Diego, Vineyard Haven, and Los Angeles among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)Interaudi 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.
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Originations
74Origination Dollar Volume (All Markets)
$76,680,000Employee count
107Top 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 |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 35 | $46,645,000 | $1,332,714 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 32 | $21,760,000 | $680,000 | $0 | 0.00% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 2 | $4,210,000 | $2,105,000 | $0 | 0.00% |
| Vineyard Haven, MA (FHA|USDA|VA) | 1 | $1,815,000 | $1,815,000 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $1,275,000 | $1,275,000 | $0 | 0.00% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $0 | 0.00% |
| Torrington, CT (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 74 | $76,680,000 | $1,036,216 | $0 | 0.00% |
For 2019, Interaudi Bank's most frequently originated type of loan was Conventional, with 74 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 51 | $55,105,000 | $1,080,490 | $0 | 0.00% |
| Home Purchase | 23 | $21,575,000 | $938,043 | $0 | 0.00% |
For 2019, Interaudi Bank's most frequently cited loan purpose was Refi, with 51 originations. The 2nd most popular reason was Home Purchase, with 23 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 74 | $76,680,000 | $1,036,216 | $0 | 0.00% |
For 2019, Interaudi Bank's most frequently cited loan duration was Other, with 74 originations.
Loan Sizing
2019 saw Interaudi Bank place emphasis on $1MM+ loans with 32 originations, totaling $59,220,000 in origination value.
Applicant Income
Interaudi Bank lent most frequently to those with incomes in the $250k+ range, with 13 originations. The second most popular income band? $150k-250k, with 2 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 74 | $76,680,000 | $1,036,216 | $0 | 0.00% |
Interaudi Bank lent most frequently to those with DTI ratios of Exempt%, with 74 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.96%
Interaudi Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination74.32%
Interaudi Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 74 | $76,680,000 | $1,036,216 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 74 | $76,680,000 | $1,036,216 |
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| INTERCONTINENTAL CAPITAL GROUP | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Interaudi Bank | 19 East 54th Street New York, NY 10022 | Full Service B&M | $1,017,925 |
| Interaudi Bank | 78 Sw 7 Street Miami, FL 33130 | Full Service B&M | $698,338 |
For 2019, Interaudi Bank had 2 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $73,622 |
| Net interest income | $52,648 |
| Total noninterest income | $9,818 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $410 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $9,408 |
| Pre-tax net operating income | $33,816 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $24,471 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $24,471 |
| Minority interest net income | $0 |
| Net income | $24,471 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $24,471 |
Interaudi Bank's gross interest income from loans was $73,622,000.
Interaudi Bank's net interest income from loans was $52,648,000.
Interaudi Bank's fee based income from loans was $410,000.
Interaudi Bank's net income from loans was $24,471,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $20,974 |
| Provision for credit losses | $290 |
| Total noninterest expense | $28,360 |
| Salaries and employee benefits | $20,011 |
| Premises and equipment expense | $3,117 |
| Additional noninterest expense | $5,232 |
| Applicable income taxes | $9,345 |
| Net charge-offs | $-1 |
| Cash dividends | $8,130 |
Interaudi Bank's interest expense for loans was $20,974,000.
Interaudi Bank's payroll and benefits expense were $20,011,000.
Interaudi Bank's property, plant and equipment expenses $3,117,000.
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 | $1,798,830 |
| Deposits held in domestic offices | $1,798,830 |
| Deposits by Individuals, partnerships, and corporations | $1,798,723 |
| 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. | $107 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $913,576 |
| Demand deposits | $820,854 |
| Nontransaction accounts | $885,254 |
| Money market deposit accounts (MMDAs) | $26,424 |
| Other savings deposits (excluding MMDAs) | $18,850 |
| Total time deposits | $839,980 |
| Total time and savings deposits | $977,976 |
| Noninterest-bearing deposits | $825,608 |
| Interest-bearing deposits | $973,222 |
| Retail deposits | $1,041,162 |
| IRAs and Keogh plan accounts | $4,083 |
| Brokered deposits | $36,506 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $2,119,692 |
| Cash & Balances due from depository institutions | $760,462 |
| Interest-bearing balances | $755,167 |
| Total securities | $481,657 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $852,481 |
| Loan and leases loss allowance | $6,369 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $2,922 |
| Other real estate owned | $440 |
| Goodwill and other intangibles | $0 |
| All other assets | $21,730 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $2,119,692 |
| Total Liabilities | $1,944,372 |
| Total deposits | $1,798,830 |
| Interest-bearing deposits | $973,222 |
| Deposits held in domestic offices | $1,798,830 |
| % insured (estimated) | $45 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $138,000 |
| Subordinated debt | $0 |
| All other liabilities | $7,542 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $852,481 |
| Loan and leases loss allowance | $6,369 |
| Total loans and leases (domestic) | $858,850 |
| All real estate loans | $730,207 |
| Real estate loans in domestic offices | $730,207 |
| Construction and development loans | $78,145 |
| Residential 1-4 family construction | $12,745 |
| Other construction, all land development and other land | $65,400 |
| Loans secured by nonfarm nonresidential properties | $211,804 |
| Nonfarm nonresidential secured by owner-occupied properties | $54,784 |
| Commercial real estate & other non-farm, non-residential | $157,020 |
| Multifamily residential real estate | $27,302 |
| 1-4 family residential loans | $412,554 |
| Farmland loans | $402 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $117,983 |
| To non-U.S. addressees | $31,802 |
| Loans to individuals | $5,127 |
| Credit card loans | $624 |
| Related Plans | $14 |
| Consumer Auto Loans | $0 |
| Other loans to individuals | $4,489 |
| All other loans & leases | $8,152 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $8,152 |
| 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 | $39,393 |
| Restructured Loans & leases | $0 |
| Non 1-4 family restructured loans & leases | $0 |
| Total loans and leases (foreign) | $0 |
Interaudi Bank had $852,481,000 of loans outstanding in 2019. $730,207,000 of loans were in real estate loans. $78,145,000 of loans were in development loans. $27,302,000 of loans were in multifamily mortgage loans. $412,554,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $624,000 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 | 56 | $28,580 | $510,357 |
| Nonfarm, nonresidential loans - $100-250k | 7 | $1,449 | $207,000 |
| Nonfarm, nonresidential loans - $250k-1MM | 49 | $27,131 | $553,694 |
| Commercial & Industrial, US addressed loans - <$1MM | 87 | $13,141 | $151,046 |
| Commercial & Industrial, US addressed loans - <$100k | 58 | $635 | $10,948 |
| Commercial & Industrial, US addressed loans - $100-250k | 7 | $1,060 | $151,429 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 22 | $11,446 | $520,273 |
| Farmland loans - <$1MM | 1 | $402 | $402,000 |
| Farmland loans - $250k-1MM | 1 | $402 | $402,000 |