Toyota Financial Savings Bank Mortgage Rates, Fees & Info

Henderson, NV

LEI: 5493008SP1FN4D81IS17

Tax ID: 20-1170539

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

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    • Review & Overview

    Toyota Financial Savings Bank is a smaller bank specializing in Refi, Home Purchase, and Cash Out Refi loans. Toyota Financial Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, Dallas, New York, San Diego, and Miami among others. We have data for 135 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Toyota Financial 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. Toyota Financial Savings Bank is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.07% 12/16/24
    30 Year Conventional Refi 5.88% 12/16/24
    30 Year Cash-out Refi 5.92% 12/16/24
    15 Year Conventional Purchase 5.63% 12/16/24
    15 Year Conventional Refi 5.50% 12/16/24
    15 Year Cash-out Refi 5.50% 12/16/24
    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.

    Toyota Financial Savings Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Toyota Financial Savings Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    793

    Origination Dollar Volume (All Markets)

    $554,165,000

    Employee count

    74 Show all (10) awards

    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
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 87 $86,065,000 $989,253 $6,151 2.68%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 157 $64,345,000 $409,841 $5,248 2.52%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 37 $33,175,000 $896,622 $6,927 2.74%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 23 $27,505,000 $1,195,870 $4,365 2.68%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 13 $20,925,000 $1,609,615 $6,961 2.64%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 30 $20,790,000 $693,000 $5,208 2.79%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 13 $17,925,000 $1,378,846 $4,553 2.53%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 23 $14,605,000 $635,000 $4,318 3.02%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 17 $12,015,000 $706,765 $4,205 2.81%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 15 $11,125,000 $741,667 $4,215 2.71%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 29 $10,865,000 $374,655 $3,810 2.69%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 4 $10,390,000 $2,597,500 $10,323 2.69%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 14 $9,390,000 $670,714 $4,157 2.71%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 6 $8,830,000 $1,471,667 $6,239 2.71%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 11 $7,775,000 $706,818 $3,557 2.84%
    Hilo, HI (FHA|USDA|VA) 1 $7,005,000 $7,005,000 $17,568 2.88%
    NAPA, CA (FHA|USDA|VA) 2 $6,900,000 $3,450,000 $8,618 2.75%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 4 $6,890,000 $1,722,500 $7,141 2.69%
    Outside of Metro Areas 11 $6,795,000 $617,727 $4,331 2.61%
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 6 $6,390,000 $1,065,000 $4,158 2.63%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 12 $6,100,000 $508,333 $4,571 2.45%
    Outside of Metro Areas 1 $5,765,000 $5,765,000 $33,369 2.75%
    RALEIGH-CARY, NC (FHA|USDA|VA) 5 $5,765,000 $1,153,000 $5,552 2.93%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 7 $5,485,000 $783,571 $4,681 2.46%
    SALISBURY, MD-DE (FHA|USDA|VA) 9 $4,565,000 $507,222 $4,092 2.89%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 9 $4,445,000 $493,889 $5,211 2.44%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 11 $4,385,000 $398,636 $3,144 2.89%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 4 $4,290,000 $1,072,500 $6,999 3.03%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 3 $4,245,000 $1,415,000 $6,585 3.04%
    SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 6 $4,150,000 $691,667 $4,499 3.19%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 4 $4,020,000 $1,005,000 $6,550 2.78%
    OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 5 $3,705,000 $741,000 $3,571 2.83%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 2 $3,510,000 $1,755,000 $5,265 3.25%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 5 $3,455,000 $691,000 $5,167 2.83%
    FORT COLLINS, CO (FHA|USDA|VA) 4 $3,430,000 $857,500 $3,408 2.56%
    CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 2 $3,310,000 $1,655,000 $13,555 2.75%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 10 $3,170,000 $317,000 $4,617 2.14%
    VALLEJO, CA (FHA|USDA|VA) 4 $2,830,000 $707,500 $3,527 2.69%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 7 $2,815,000 $402,143 $5,848 2.98%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 6 $2,690,000 $448,333 $3,646 2.52%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 6 $2,590,000 $431,667 $4,308 3.04%
    Kalispell, MT (FHA|USDA|VA) 2 $2,580,000 $1,290,000 $7,013 2.75%
    SALINAS, CA (FHA|USDA|VA) 3 $2,515,000 $838,333 $7,590 2.75%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 5 $2,465,000 $493,000 $5,326 2.55%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 3 $2,355,000 $785,000 $5,256 2.50%
    COLUMBUS, OH (FHA|USDA|VA) 4 $2,240,000 $560,000 $3,721 2.81%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 5 $2,045,000 $409,000 $3,249 2.58%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 6 $1,910,000 $318,333 $3,355 2.75%
    SALT LAKE CITY, UT (FHA|USDA|VA) 3 $1,765,000 $588,333 $3,962 2.25%
    Show Low, AZ (FHA|USDA|VA) 3 $1,615,000 $538,333 $5,117 2.96%
    Heber, UT (FHA|USDA|VA) 1 $1,565,000 $1,565,000 $5,235 2.75%
    RICHMOND, VA (FHA|USDA|VA) 2 $1,540,000 $770,000 $4,779 2.63%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 3 $1,515,000 $505,000 $3,311 2.42%
    PROVO-OREM, UT (FHA|USDA|VA) 3 $1,515,000 $505,000 $3,725 2.50%
    BOISE CITY, ID (FHA|USDA|VA) 4 $1,510,000 $377,500 $3,891 2.59%
    Centralia, WA (FHA|USDA|VA) 3 $1,505,000 $501,667 $3,242 3.25%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 3 $1,435,000 $478,333 $3,611 2.67%
    SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 2 $1,380,000 $690,000 $3,443 2.88%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $1,370,000 $685,000 $6,163 2.69%
    LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 4 $1,350,000 $337,500 $3,015 2.63%
    WILMINGTON, NC (FHA|USDA|VA) 2 $1,340,000 $670,000 $4,095 2.81%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $1,255,000 $1,255,000 $3,636 2.88%
    RENO, NV (FHA|USDA|VA) 2 $1,180,000 $590,000 $4,017 2.63%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 2 $1,180,000 $590,000 $3,966 2.88%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 2 $1,150,000 $575,000 $4,477 2.81%
    Morehead City, NC (FHA|USDA|VA) 2 $1,150,000 $575,000 $3,686 2.75%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 3 $1,135,000 $378,333 $3,470 2.38%
    SHERMAN-DENISON, TX (FHA|USDA|VA) 3 $1,135,000 $378,333 $4,959 2.75%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 3 $1,125,000 $375,000 $2,747 3.00%
    ANN ARBOR, MI (FHA|USDA|VA) 2 $1,100,000 $550,000 $3,002 2.88%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 3 $1,085,000 $361,667 $3,186 3.00%
    HUNTSVILLE, AL (FHA|USDA|VA) 4 $1,070,000 $267,500 $4,460 2.81%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 3 $995,000 $331,667 $4,619 2.83%
    SIOUX FALLS, SD (FHA|USDA|VA) 1 $965,000 $965,000 $3,754 2.88%
    FRESNO, CA (FHA|USDA|VA) 2 $910,000 $455,000 $4,263 2.88%
    SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 1 $885,000 $885,000 $3,771 3.13%
    BILLINGS, MT (FHA|USDA|VA) 1 $805,000 $805,000 $5,395 2.63%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 1 $785,000 $785,000 $5,297 3.50%
    Houghton, MI (FHA|USDA|VA) 1 $785,000 $785,000 $4,991 2.38%
    SPRINGFIELD, MA (FHA|USDA|VA) 1 $725,000 $725,000 $4,830 2.88%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 2 $720,000 $360,000 $3,270 2.88%
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) 1 $695,000 $695,000 $3,876 2.50%
    BATTLE CREEK, MI (FHA|USDA|VA) 1 $685,000 $685,000 $3,043 2.75%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 1 $685,000 $685,000 $5,350 2.50%
    OCEAN CITY, NJ (FHA|USDA|VA) 2 $680,000 $340,000 $3,833 2.69%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 2 $680,000 $340,000 $4,529 3.06%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 2 $670,000 $335,000 $3,563 3.13%
    BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) 2 $650,000 $325,000 $3,531 2.50%
    MOBILE, AL (FHA|USDA|VA) 2 $650,000 $325,000 $3,178 2.94%
    Riverton, WY (FHA|USDA|VA) 3 $645,000 $215,000 $3,220 2.08%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 1 $645,000 $645,000 $5,203 2.00%
    Gardnerville Ranchos, NV (FHA|USDA|VA) 1 $635,000 $635,000 $5,009 2.88%
    EVANSVILLE, IN-KY (FHA|USDA|VA) 1 $585,000 $585,000 $2,957 3.50%
    NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 2 $560,000 $280,000 $3,784 2.56%
    Port Angeles, WA (FHA|USDA|VA) 2 $550,000 $275,000 $3,328 2.19%
    FORT WAYNE, IN (FHA|USDA|VA) 2 $550,000 $275,000 $2,591 1.94%
    MONTGOMERY, AL (FHA|USDA|VA) 1 $545,000 $545,000 $3,680 2.25%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $545,000 $545,000 $3,502 2.00%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $545,000 $545,000 $8,564 2.00%
    OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 1 $545,000 $545,000 $3,436 2.75%
    FLAGSTAFF, AZ (FHA|USDA|VA) 1 $545,000 $545,000 $4,071 3.25%
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 1 $515,000 $515,000 $4,089 3.50%
    Ketchikan, AK (FHA|USDA|VA) 1 $505,000 $505,000 $3,937 2.75%
    Clarksburg, WV (FHA|USDA|VA) 1 $505,000 $505,000 $3,815 2.75%
    Durango, CO (FHA|USDA|VA) 1 $505,000 $505,000 $2,920 2.63%
    MEDFORD, OR (FHA|USDA|VA) 1 $505,000 $505,000 $4,174 2.63%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $475,000 $475,000 $3,140 2.63%
    VISALIA, CA (FHA|USDA|VA) 1 $435,000 $435,000 $3,165 2.00%
    LONGVIEW, WA (FHA|USDA|VA) 1 $425,000 $425,000 $3,456 2.88%
    WICHITA, KS (FHA|USDA|VA) 1 $415,000 $415,000 $3,449 2.25%
    Bennington, VT (FHA|USDA|VA) 1 $405,000 $405,000 $5,475 3.00%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $405,000 $405,000 $5,219 2.00%
    LAKE CHARLES, LA (FHA|USDA|VA) 1 $385,000 $385,000 $4,989 3.13%
    JACKSONVILLE, FL (FHA|USDA|VA) 2 $380,000 $190,000 $3,369 2.50%
    MANKATO, MN (FHA|USDA|VA) 1 $375,000 $375,000 $3,067 2.13%
    ALBUQUERQUE, NM (FHA|USDA|VA) 1 $365,000 $365,000 $4,257 2.25%
    DULUTH, MN-WI (FHA|USDA|VA) 1 $355,000 $355,000 $3,525 2.13%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1 $345,000 $345,000 $3,986 3.00%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $335,000 $335,000 $3,988 2.75%
    COLUMBIA, SC (FHA|USDA|VA) 1 $325,000 $325,000 $3,378 3.25%
    Traverse City, MI (FHA|USDA|VA) 1 $325,000 $325,000 $2,929 3.13%
    STOCKTON, CA (FHA|USDA|VA) 1 $325,000 $325,000 $2,960 1.88%
    Kapaa, HI (FHA|USDA|VA) 1 $305,000 $305,000 $0 2.63%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $305,000 $305,000 $4,458 2.50%
    ASHEVILLE, NC (FHA|USDA|VA) 1 $295,000 $295,000 $3,172 3.13%
    Hood River, OR (FHA|USDA|VA) 1 $295,000 $295,000 $4,554 2.00%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $295,000 $295,000 $2,815 2.00%
    Silver City, NM (FHA|USDA|VA) 1 $265,000 $265,000 $3,325 3.13%
    Laconia, NH (FHA|USDA|VA) 1 $245,000 $245,000 $0 2.75%
    SALEM, OR (FHA|USDA|VA) 1 $235,000 $235,000 $3,624 2.75%
    GLENS FALLS, NY (FHA|USDA|VA) 1 $215,000 $215,000 $4,078 2.38%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1 $215,000 $215,000 $3,366 2.38%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $205,000 $205,000 $0 3.13%
    HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 1 $185,000 $185,000 $3,380 2.38%
    BINGHAMTON, NY (FHA|USDA|VA) 1 $125,000 $125,000 $3,388 2.75%
    Toyota Financial Savings Bank's top markets include Los Angeles, Dallas, New York, San Diego, and Miami among others.

    Their top states include:
  • California (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Toyota Financial Savings Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    First Savings Bank of Hegewisch
    Similarity Rank: 45
    N C P D Federal Credit Union
    Similarity Rank: 102
    Liberty Bank for Savings
    Similarity Rank: 153
    Schuyler Savings Bank
    Similarity Rank: 352
    Christian Community Credit Union
    Similarity Rank: 354
    First Credit Union
    Similarity Rank: 378
    POINT BREEZE
    Similarity Rank: 477
    AAXY L.L.C.
    Similarity Rank: 540
    Cedar Point Federal Credit Union
    Similarity Rank: 546
    ATLANTIS MORTGAGE CO., INC.
    Similarity Rank: 652

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 793 $554,165,000 $698,821 $4,987 2.67%

    For 2021, Toyota Financial Savings Bank's most frequently originated type of loan was Conventional, with 793 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 254 $136,560,000 $537,638 $3,992 2.49%
    Home Purchase 247 $210,405,000 $851,842 $6,835 2.82%
    Cash Out Refi 246 $160,410,000 $652,073 $4,271 2.65%
    Other 43 $46,565,000 $1,082,907 $4,727 2.91%
    Home Improvement 3 $225,000 $75,000 $0 4.33%

    For 2021, Toyota Financial Savings Bank's most frequently cited loan purpose was Refi, with 254 originations. The 2nd most popular reason was Home Purchase, with 247 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 547 $443,195,000 $810,229 $5,420 2.86%
    15 Year 197 $84,755,000 $430,228 $4,037 2.19%
    20 Year 30 $19,180,000 $639,333 $3,984 2.67%
    10 Year 14 $4,650,000 $332,143 $3,451 2.12%
    Other 5 $2,385,000 $477,000 $3,966 2.93%

    For 2021, Toyota Financial Savings Bank's most frequently cited loan duration was 30 Year, with 547 originations. The 2nd most popular length was 15 Year, with 197 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 649 $486,835,000 $750,131
    $5k+ 38 $24,990,000 $657,632
    $1k-2k 8 $3,730,000 $466,250
    $3k-4k 7 $2,485,000 $355,000
    $4k-5k 7 $3,675,000 $525,000
    $2k-3k 6 $1,270,000 $211,667

    Toyota Financial Savings Bank's average total fees were $5,420, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 649 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 366 $314,980,000 $860,601
    <2.5% 292 $154,000,000 $527,397
    3-4% 129 $84,585,000 $655,698
    4-5% 5 $525,000 $105,000
    5-6% 1 $75,000 $75,000

    During 2021, Toyota Financial Savings Bank's average interest rate for loans was 2.86%, while their most frequently originated rate bucket for loans was 2.5-3%, with 366 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 249 $74,645,000 $299,779 $3,776 2.58%
    $400k-600k 192 $95,410,000 $496,927 $4,360 2.66%
    $600k-1MM 165 $123,555,000 $748,818 $5,371 2.75%
    $1MM+ 119 $250,675,000 $2,106,513 $8,644 2.80%
    $100k-200k 57 $9,015,000 $158,158 $3,141 2.45%
    $100,000 or less 11 $865,000 $78,636 $1,627 3.59%

    2021 saw Toyota Financial Savings Bank place emphasis on $200k-400k loans with 249 originations, totaling $74,645,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 467 $434,965,000 $931,403 $5,747 2.70%
    $150k-250k 185 $76,505,000 $413,541 $4,206 2.58%
    $100k-150k 95 $30,245,000 $318,368 $3,660 2.69%
    $75k-100k 34 $9,550,000 $280,882 $3,688 2.78%
    $50k-75k 10 $2,520,000 $252,000 $3,549 2.51%
    $50k or less 2 $380,000 $190,000 $2,632 2.63%

    Toyota Financial Savings Bank lent most frequently to those with incomes in the $250k+ range, with 467 originations. The second most popular income band? $150k-250k, with 185 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 249 $156,655,000 $629,137 $4,760 2.66%
    <20% 244 $172,090,000 $705,287 $4,984 2.56%
    30-36% 138 $107,400,000 $778,261 $5,027 2.74%
    41% 28 $20,370,000 $727,500 $7,496 2.71%
    40% 27 $18,425,000 $682,407 $4,670 2.82%
    38% 26 $18,630,000 $716,538 $4,614 2.64%
    42% 25 $15,135,000 $605,400 $4,292 2.91%
    39% 19 $11,595,000 $610,263 $5,205 2.88%
    37% 19 $18,695,000 $983,947 $5,628 2.78%
    36% 17 $14,955,000 $879,706 $5,651 2.95%
    43% 1 $215,000 $215,000 $3,582 2.50%

    Toyota Financial Savings Bank lent most frequently to those with DTI ratios of 20-30%, with 249 originations. The next most common DTI ratio? <20%, with 244 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 584 $421,110,000 $721,079 $4,916 2.70%
    Not provided 135 $93,915,000 $695,667 $4,895 2.63%
    Asian 45 $21,655,000 $481,222 $5,581 2.48%
    Black 19 $11,155,000 $587,105 $5,417 2.72%
    American Indian 3 $3,035,000 $1,011,667 $8,834 2.75%
    Asian Indian 2 $1,280,000 $640,000 $3,724 2.56%
    Japanese 2 $1,160,000 $580,000 $11,413 2.44%
    Other Asian 1 $325,000 $325,000 $2,960 1.88%
    Filipino 1 $315,000 $315,000 $3,793 2.50%
    Chinese 1 $215,000 $215,000 $4,902 2.75%

    Approval Rates

    Total approvals of all applications
    95.72%

    Toyota Financial Savings 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 origination
    78.94%

    Toyota Financial Savings Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 793 $554,165,000 $698,821

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    793 $554,165,000 $698,821

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 75 $29,105,000 $388,067 $3,689 2.36%
    40-60% 187 $120,315,000 $643,396 $4,848 2.37%
    60-80% 335 $250,925,000 $749,030 $4,993 2.73%
    80-100% 185 $152,625,000 $825,000 $5,736 2.94%
    Under 20% 11 $1,195,000 $108,636 $1,350 3.59%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Toyota Financial Savings Bank 2485 Village View Drive, Suite 200 Henderson, NV 89074 Full Service B&M $1,565,569

    For 2021, Toyota Financial Savings Bank had 1 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $60,896
    Net interest income $38,413
    Total noninterest income $4,661
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $0
    Trading account gains and fees $0
    Additional Noninterest Income $4,661
    Pre-tax net operating income $18,757
    Securities gains (or losses, -) $-100
    Income before extraordinary items $13,826
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $13,826
    Minority interest net income $0
    Net income $13,826
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $13,905

    Toyota Financial Savings Bank's gross interest income from loans was $60,896,000.
    Toyota Financial Savings Bank's net interest income from loans was $38,413,000.
    Toyota Financial Savings Bank's fee based income from loans was $0.
    Toyota Financial Savings Bank's net income from loans was $13,826,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $22,483
    Provision for credit losses $3,293
    Total noninterest expense $21,024
    Salaries and employee benefits $15,472
    Premises and equipment expense $472
    Additional noninterest expense $5,080
    Applicable income taxes $4,831
    Net charge-offs $-257
    Cash dividends $0

    Toyota Financial Savings Bank's interest expense for loans was $22,483,000.
    Toyota Financial Savings Bank's payroll and benefits expense were $15,472,000.
    Toyota Financial Savings Bank's property, plant and equipment expenses $472,000.

    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 $3,299,457
    Deposits held in domestic offices $3,299,457
    Deposits by Individuals, partnerships, and corporations $3,299,457
    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 $1
    Demand deposits $1
    Nontransaction accounts $3,299,456
    Money market deposit accounts (MMDAs) $1,361,068
    Other savings deposits (excluding MMDAs) $65,880
    Total time deposits $1,872,508
    Total time and savings deposits $3,299,456
    Noninterest-bearing deposits $1
    Interest-bearing deposits $3,299,456
    Retail deposits $1,448,819
    IRAs and Keogh plan accounts $0
    Brokered deposits $1,538,096
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $4,410,685
    Cash & Balances due from depository institutions $1,367,802
    Interest-bearing balances $1,337,195
    Total securities $1,210,115
    Federal funds sold & reverse repurchase $0
    Net loans and leases $1,804,220
    Loan and leases loss allowance $12,078
    Trading account assets $0
    Bank premises and fixed assets $731
    Other real estate owned $0
    Goodwill and other intangibles $85
    All other assets $27,732

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $4,410,685
    Total Liabilities $3,514,277
    Total deposits $3,299,457
    Interest-bearing deposits $3,299,456
    Deposits held in domestic offices $3,299,457
    % insured (estimated) $91
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $200,741
    Subordinated debt $0
    All other liabilities $14,079

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,804,220
    Loan and leases loss allowance $12,078
    Total loans and leases (domestic) $1,816,298
    All real estate loans $1,666,834
    Real estate loans in domestic offices $1,666,834
    Construction and development loans $44,555
    Residential 1-4 family construction $0
    Other construction, all land development and other land $44,555
    Loans secured by nonfarm nonresidential properties $367,108
    Nonfarm nonresidential secured by owner-occupied properties $0
    Commercial real estate & other non-farm, non-residential $367,108
    Multifamily residential real estate $0
    1-4 family residential loans $1,255,171
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $146,159
    To non-U.S. addressees $0
    Loans to individuals $3,304
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $0
    Other loans to individuals $3,304
    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 $1,318
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Toyota Financial Savings Bank had $1,804,220,000 of loans outstanding in 2021. $1,666,834,000 of loans were in real estate loans. $44,555,000 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $1,255,171,000 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 45 $28,833 $640,733
    Nonfarm, nonresidential loans - <$100k 1 $52 $52,000
    Nonfarm, nonresidential loans - $100-250k 5 $822 $164,400
    Nonfarm, nonresidential loans - $250k-1MM 39 $27,959 $716,897
    Commercial & Industrial, US addressed loans - <$1MM 126 $39,354 $312,333
    Commercial & Industrial, US addressed loans - <$100k 38 $1,893 $49,816
    Commercial & Industrial, US addressed loans - $100-250k 24 $4,081 $170,042
    Commercial & Industrial, US addressed loans - $250k-1MM 64 $33,380 $521,563