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 Home Purchase and Refi loans. Interaudi Bank has a high proportion of conventional loans. Their top markets by origination volume include: New York, Miami, Los Angeles, Kingston, and Santa Maria 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
65Origination Dollar Volume (All Markets)
$61,825,000Employee count
106Top 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) | 33 | $40,275,000 | $1,220,455 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 24 | $15,920,000 | $663,333 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 2 | $3,000,000 | $1,500,000 | $0 | 0.00% |
| KINGSTON, NY (FHA|USDA|VA) | 2 | $1,220,000 | $610,000 | $0 | 0.00% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $0 | 0.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $175,000 | $175,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 65 | $61,825,000 | $951,154 | $0 | 0.00% |
For 2020, Interaudi Bank's most frequently originated type of loan was Conventional, with 65 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 33 | $26,885,000 | $814,697 | $0 | 0.00% |
| Refi | 32 | $34,940,000 | $1,091,875 | $0 | 0.00% |
For 2020, Interaudi Bank's most frequently cited loan purpose was Home Purchase, with 33 originations. The 2nd most popular reason was Refi, with 32 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 65 | $61,825,000 | $951,154 | $0 | 0.00% |
For 2020, Interaudi Bank's most frequently cited loan duration was Other, with 65 originations.
Loan Sizing
2020 saw Interaudi Bank place emphasis on $600k-1MM loans with 19 originations, totaling $14,055,000 in origination value.
Applicant Income
Interaudi Bank lent most frequently to those with incomes in the $250k+ range, with 8 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% | 65 | $61,825,000 | $951,154 | $0 | 0.00% |
Interaudi Bank lent most frequently to those with DTI ratios of Exempt%, with 65 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.70%
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 origination83.08%
Interaudi Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 65 | $61,825,000 | $951,154 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 65 | $61,825,000 | $951,154 |
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| INTERFIRST MORTGAGE COMPANY | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 4 | 57.1% |
| INTERFIRST MORTGAGE COMPANY | Conventional home mortgage | Closing on a mortgage | 1 | 14.3% |
| INTERFIRST MORTGAGE COMPANY | Conventional home mortgage | Trouble during payment process | 2 | 28.6% |
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 | $1,065,406 |
| Interaudi Bank | 78 Sw 7 Street Miami, FL 33130 | Full Service B&M | $714,843 |
For 2020, Interaudi Bank had 2 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $51,748 |
| Net interest income | $39,168 |
| Total noninterest income | $9,703 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $345 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $9,358 |
| Pre-tax net operating income | $18,405 |
| Securities gains (or losses, -) | $1,192 |
| Income before extraordinary items | $14,586 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $14,586 |
| Minority interest net income | $0 |
| Net income | $14,586 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $13,644 |
Interaudi Bank's gross interest income from loans was $51,748,000.
Interaudi Bank's net interest income from loans was $39,168,000.
Interaudi Bank's fee based income from loans was $345,000.
Interaudi Bank's net income from loans was $14,586,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $12,580 |
| Provision for credit losses | $631 |
| Total noninterest expense | $29,835 |
| Salaries and employee benefits | $20,674 |
| Premises and equipment expense | $3,358 |
| Additional noninterest expense | $5,803 |
| Applicable income taxes | $5,011 |
| Net charge-offs | $333 |
| Cash dividends | $8,130 |
Interaudi Bank's interest expense for loans was $12,580,000.
Interaudi Bank's payroll and benefits expense were $20,674,000.
Interaudi Bank's property, plant and equipment expenses $3,358,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 1.0% |
| Real Estate loans | 1.0% |
| Construction & Land Development loans | 0.0% |
| Nonfarm, nonresidential loans | 0.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 2.0% |
| HELOC loans | 0.0% |
| All other family | 2.0% |
| 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 | $1,873,415 |
| Deposits held in domestic offices | $1,873,415 |
| Deposits by Individuals, partnerships, and corporations | $1,855,127 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $17,458 |
| Deposits by Commercial banks and other depository institutions in U.S. | $830 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $1,078,636 |
| Demand deposits | $951,347 |
| Nontransaction accounts | $794,779 |
| Money market deposit accounts (MMDAs) | $26,957 |
| Other savings deposits (excluding MMDAs) | $21,212 |
| Total time deposits | $746,610 |
| Total time and savings deposits | $922,068 |
| Noninterest-bearing deposits | $910,282 |
| Interest-bearing deposits | $963,133 |
| Retail deposits | $1,157,751 |
| IRAs and Keogh plan accounts | $3,939 |
| Brokered deposits | $64,006 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $2,189,801 |
| Cash & Balances due from depository institutions | $769,237 |
| Interest-bearing balances | $758,594 |
| Total securities | $439,287 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $957,988 |
| Loan and leases loss allowance | $6,667 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $3,464 |
| Other real estate owned | $440 |
| Goodwill and other intangibles | $0 |
| All other assets | $19,385 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $2,189,801 |
| Total Liabilities | $2,005,902 |
| Total deposits | $1,873,415 |
| Interest-bearing deposits | $963,133 |
| Deposits held in domestic offices | $1,873,415 |
| % insured (estimated) | $47 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $128,000 |
| Subordinated debt | $0 |
| All other liabilities | $4,487 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $957,988 |
| Loan and leases loss allowance | $6,667 |
| Total loans and leases (domestic) | $964,655 |
| All real estate loans | $778,085 |
| Real estate loans in domestic offices | $778,085 |
| Construction and development loans | $83,536 |
| Residential 1-4 family construction | $14,531 |
| Other construction, all land development and other land | $69,005 |
| Loans secured by nonfarm nonresidential properties | $214,310 |
| Nonfarm nonresidential secured by owner-occupied properties | $42,938 |
| Commercial real estate & other non-farm, non-residential | $171,372 |
| Multifamily residential real estate | $45,720 |
| 1-4 family residential loans | $434,117 |
| Farmland loans | $402 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $176,038 |
| To non-U.S. addressees | $42,824 |
| Loans to individuals | $4,928 |
| Credit card loans | $415 |
| Related Plans | $11 |
| Consumer Auto Loans | $0 |
| Other loans to individuals | $4,502 |
| All other loans & leases | $8,660 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $8,660 |
| 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 | $36,174 |
| Restructured Loans & leases | $0 |
| Non 1-4 family restructured loans & leases | $0 |
| Total loans and leases (foreign) | $0 |
Interaudi Bank had $957,988,000 of loans outstanding in 2020. $778,085,000 of loans were in real estate loans. $83,536,000 of loans were in development loans. $45,720,000 of loans were in multifamily mortgage loans. $434,117,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $415,000 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 | 59 | $29,237 | $495,542 |
| Nonfarm, nonresidential loans - $100-250k | 7 | $1,182 | $168,857 |
| Nonfarm, nonresidential loans - $250k-1MM | 52 | $28,055 | $539,519 |
| Commercial & Industrial, US addressed loans - <$1MM | 195 | $28,953 | $148,477 |
| Commercial & Industrial, US addressed loans - <$100k | 119 | $2,705 | $22,731 |
| Commercial & Industrial, US addressed loans - $100-250k | 34 | $4,987 | $146,676 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 42 | $21,261 | $506,214 |
| Farmland loans - <$1MM | 1 | $402 | $402,000 |
| Farmland loans - $250k-1MM | 1 | $402 | $402,000 |