The Cincinnatus Savings & Loan Co. Mortgage Rates, Fees & Info
Cincinnati, OHLEI: 549300EBN45MAXGIP071
Tax ID: 31-0241873
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Mortgage Data
Bank Data
Review & Overview
The Cincinnatus Savings & Loan Co. is a smaller mortgage company specializing in Home Purchase and Refi loans. The Cincinnatus Savings & Loan Co. has a high proportion of conventional loans. Their top markets by origination volume include: Cincinnati, Indianapolis, Naples, and Dayton among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)The Cincinnatus Savings & Loan Co. 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.
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Originations
86Origination Dollar Volume (All Markets)
$19,160,000Employee count
24Top 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 |
|---|---|---|---|---|---|
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 82 | $18,460,000 | $225,122 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $225,000 | $225,000 | $0 | 0.00% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 86 | $19,160,000 | $222,791 | $0 | 0.00% |
For 2019, The Cincinnatus Savings & Loan Co.'s most frequently originated type of loan was Conventional, with 86 originations.
Loan Reason
For 2019, The Cincinnatus Savings & Loan Co.'s most frequently cited loan purpose was Home Purchase, with 41 originations. The 2nd most popular reason was Refi, with 34 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 86 | $19,160,000 | $222,791 | $0 | 0.00% |
For 2019, The Cincinnatus Savings & Loan Co.'s most frequently cited loan duration was Other, with 86 originations.
Loan Sizing
2019 saw The Cincinnatus Savings & Loan Co. place emphasis on $200k-400k loans with 31 originations, totaling $8,425,000 in origination value.
Applicant Income
The Cincinnatus Savings & Loan Co. lent most frequently to those with incomes in the $100k-150k range, with 18 originations. The second most popular income band? $75k-100k, with 18 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 86 | $19,160,000 | $222,791 | $0 | 0.00% |
The Cincinnatus Savings & Loan Co. lent most frequently to those with DTI ratios of Exempt%, with 86 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 85 | $18,895,000 | $222,294 | $0 | 0.00% |
| Black | 1 | $265,000 | $265,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications89.29%
The Cincinnatus Savings & Loan Co. has an average approval rate.
Pick Rate
Approvals leading to origination86.05%
The Cincinnatus Savings & Loan Co. has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 86 | $19,160,000 | $222,791 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 2 | $1,140,000 | $570,000 |
| Single Family (1-4 Units):Site-Built | 84 | $18,020,000 | $214,524 |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| The Cincinnatus Savings & Loan Co. | 1100 Harrison Avenue Harrison, OH 45030 | Full Service B&M | $9,421 |
| The Cincinnatus Savings & Loan Co. | 3300 Harrison Ave Cincinnati, OH 45211 | Full Service B&M | $39,655 |
| The Cincinnatus Savings & Loan Co. | 3664 Springdale Rd Cincinnati, OH 45251 | Full Service B&M | $13,777 |
For 2019, The Cincinnatus Savings & Loan Co. had 3 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $4,103 |
| Net interest income | $3,365 |
| Total noninterest income | $459 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $27 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $432 |
| Pre-tax net operating income | $539 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $442 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $442 |
| Minority interest net income | $0 |
| Net income | $442 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $442 |
The Cincinnatus Savings & Loan Co.'s gross interest income from loans was $4,103,000.
The Cincinnatus Savings & Loan Co.'s net interest income from loans was $3,365,000.
The Cincinnatus Savings & Loan Co.'s fee based income from loans was $27,000.
The Cincinnatus Savings & Loan Co.'s net income from loans was $442,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $738 |
| Provision for credit losses | $6 |
| Total noninterest expense | $3,279 |
| Salaries and employee benefits | $1,927 |
| Premises and equipment expense | $282 |
| Additional noninterest expense | $1,070 |
| Applicable income taxes | $97 |
| Net charge-offs | $-27 |
| Cash dividends | $0 |
The Cincinnatus Savings & Loan Co.'s interest expense for loans was $738,000.
The Cincinnatus Savings & Loan Co.'s payroll and benefits expense were $1,927,000.
The Cincinnatus Savings & Loan Co.'s property, plant and equipment expenses $282,000.
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 | 1.0% |
| HELOC loans | 0.0% |
| All other family | 1.0% |
| Commercial & industrial loans | 0.0% |
| Personal loans | 0.0% |
| Credit card loans | 0.0% |
| Other individual loans | 0.0% |
| Auto loans | 2.0% |
| Other consumer loans | 0.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $67,372 |
| Deposits held in domestic offices | $67,372 |
| Deposits by Individuals, partnerships, and corporations | $63,968 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $3,404 |
| 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 | $11,231 |
| Demand deposits | $5,827 |
| Nontransaction accounts | $56,141 |
| Money market deposit accounts (MMDAs) | $17,350 |
| Other savings deposits (excluding MMDAs) | $11,443 |
| Total time deposits | $27,348 |
| Total time and savings deposits | $61,545 |
| Noninterest-bearing deposits | $5,966 |
| Interest-bearing deposits | $61,406 |
| Retail deposits | $65,410 |
| IRAs and Keogh plan accounts | $3,868 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $97,404 |
| Cash & Balances due from depository institutions | $16,275 |
| Interest-bearing balances | $15,785 |
| Total securities | $0 |
| Federal funds sold & reverse repurchase | $962 |
| Net loans and leases | $73,783 |
| Loan and leases loss allowance | $637 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $2,011 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $144 |
| All other assets | $4,229 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $97,404 |
| Total Liabilities | $75,724 |
| Total deposits | $67,372 |
| Interest-bearing deposits | $61,406 |
| Deposits held in domestic offices | $67,372 |
| % insured (estimated) | $92 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $7,500 |
| Subordinated debt | $0 |
| All other liabilities | $852 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $73,783 |
| Loan and leases loss allowance | $637 |
| Total loans and leases (domestic) | $74,420 |
| All real estate loans | $71,940 |
| Real estate loans in domestic offices | $71,940 |
| Construction and development loans | $5,081 |
| Residential 1-4 family construction | $2,653 |
| Other construction, all land development and other land | $2,428 |
| Loans secured by nonfarm nonresidential properties | $15,267 |
| Nonfarm nonresidential secured by owner-occupied properties | $9,280 |
| Commercial real estate & other non-farm, non-residential | $5,987 |
| Multifamily residential real estate | $5,936 |
| 1-4 family residential loans | $45,582 |
| Farmland loans | $74 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $543 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $1,933 |
| Credit card loans | $0 |
| Related Plans | $1,122 |
| Consumer Auto Loans | $127 |
| Other loans to individuals | $684 |
| All other loans & leases | $4 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $4 |
| 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 | $1,396 |
| Non 1-4 family restructured loans & leases | $840 |
| Total loans and leases (foreign) | $0 |
The Cincinnatus Savings & Loan Co. had $73,783,000 of loans outstanding in 2019. $71,940,000 of loans were in real estate loans. $5,081,000 of loans were in development loans. $5,936,000 of loans were in multifamily mortgage loans. $45,582,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $127,000 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 | 42 | $8,341 | $198,595 |
| Nonfarm, nonresidential loans - <$100k | 11 | $442 | $40,182 |
| Nonfarm, nonresidential loans - $100-250k | 15 | $1,553 | $103,533 |
| Nonfarm, nonresidential loans - $250k-1MM | 16 | $6,346 | $396,625 |
| Commercial & Industrial, US addressed loans - <$1MM | 19 | $543 | $28,579 |
| Commercial & Industrial, US addressed loans - <$100k | 10 | $182 | $18,200 |
| Commercial & Industrial, US addressed loans - $100-250k | 5 | $354 | $70,800 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 4 | $7 | $1,750 |
| Farmland loans - <$1MM | 1 | $74 | $74,000 |
| Farmland loans - <$100k | 1 | $74 | $74,000 |