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 Refi and Home Purchase loans. The Cincinnatus Savings & Loan Co. has a high proportion of conventional loans. Their top markets by origination volume include: Cincinnati, Dayton, Greensburg, Indianapolis, and Daphne 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 above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
219Origination Dollar Volume (All Markets)
$52,005,000Employee count
22Top 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) | 213 | $50,725,000 | $238,146 | $0 | 0.00% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 3 | $565,000 | $188,333 | $0 | 0.00% |
| Greensburg, IN (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 219 | $52,005,000 | $237,466 | $0 | 0.00% |
For 2020, The Cincinnatus Savings & Loan Co.'s most frequently originated type of loan was Conventional, with 219 originations.
Loan Reason
For 2020, The Cincinnatus Savings & Loan Co.'s most frequently cited loan purpose was Refi, with 113 originations. The 2nd most popular reason was Home Purchase, with 61 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 219 | $52,005,000 | $237,466 | $0 | 0.00% |
For 2020, The Cincinnatus Savings & Loan Co.'s most frequently cited loan duration was Other, with 219 originations.
Loan Sizing
2020 saw The Cincinnatus Savings & Loan Co. place emphasis on $100k-200k loans with 87 originations, totaling $12,925,000 in origination value.
Applicant Income
The Cincinnatus Savings & Loan Co. lent most frequently to those with incomes in the $100k-150k range, with 46 originations. The second most popular income band? $150k-250k, with 46 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 219 | $52,005,000 | $237,466 | $0 | 0.00% |
The Cincinnatus Savings & Loan Co. lent most frequently to those with DTI ratios of Exempt%, with 219 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.51%
The Cincinnatus Savings & Loan Co. has an average approval rate.
Pick Rate
Approvals leading to origination90.87%
The Cincinnatus Savings & Loan Co. has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 219 | $52,005,000 | $237,466 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 2 | $830,000 | $415,000 |
| Single Family (1-4 Units):Site-Built | 217 | $51,175,000 | $235,829 |
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 | $11,324 |
| The Cincinnatus Savings & Loan Co. | 3300 Harrison Ave Cincinnati, OH 45211 | Full Service B&M | $45,928 |
| The Cincinnatus Savings & Loan Co. | 3664 Springdale Rd Cincinnati, OH 45251 | Full Service B&M | $14,770 |
For 2020, The Cincinnatus Savings & Loan Co. had 3 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $4,157 |
| Net interest income | $3,553 |
| Total noninterest income | $1,073 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $21 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $1,052 |
| Pre-tax net operating income | $800 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $660 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $660 |
| Minority interest net income | $0 |
| Net income | $660 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $660 |
The Cincinnatus Savings & Loan Co.'s gross interest income from loans was $4,157,000.
The Cincinnatus Savings & Loan Co.'s net interest income from loans was $3,553,000.
The Cincinnatus Savings & Loan Co.'s fee based income from loans was $21,000.
The Cincinnatus Savings & Loan Co.'s net income from loans was $660,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $604 |
| Provision for credit losses | $15 |
| Total noninterest expense | $3,811 |
| Salaries and employee benefits | $2,055 |
| Premises and equipment expense | $268 |
| Additional noninterest expense | $1,488 |
| Applicable income taxes | $140 |
| Net charge-offs | $-16 |
| Cash dividends | $0 |
The Cincinnatus Savings & Loan Co.'s interest expense for loans was $604,000.
The Cincinnatus Savings & Loan Co.'s payroll and benefits expense were $2,055,000.
The Cincinnatus Savings & Loan Co.'s property, plant and equipment expenses $268,000.
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 | 1.0% |
| HELOC loans | 3.0% |
| 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 | 0.0% |
| Other consumer loans | 0.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $79,237 |
| Deposits held in domestic offices | $79,237 |
| Deposits by Individuals, partnerships, and corporations | $77,305 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $1,932 |
| 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 | $16,862 |
| Demand deposits | $9,111 |
| Nontransaction accounts | $62,375 |
| Money market deposit accounts (MMDAs) | $24,009 |
| Other savings deposits (excluding MMDAs) | $11,852 |
| Total time deposits | $26,514 |
| Total time and savings deposits | $70,126 |
| Noninterest-bearing deposits | $9,566 |
| Interest-bearing deposits | $69,671 |
| Retail deposits | $76,028 |
| IRAs and Keogh plan accounts | $3,607 |
| Brokered deposits | $6,501 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $104,214 |
| Cash & Balances due from depository institutions | $4,423 |
| Interest-bearing balances | $3,734 |
| Total securities | $3,780 |
| Federal funds sold & reverse repurchase | $1,937 |
| Net loans and leases | $86,785 |
| Loan and leases loss allowance | $668 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $2,563 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $290 |
| All other assets | $4,436 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $104,214 |
| Total Liabilities | $81,622 |
| Total deposits | $79,237 |
| Interest-bearing deposits | $69,671 |
| Deposits held in domestic offices | $79,237 |
| % insured (estimated) | $86 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $1,000 |
| Subordinated debt | $0 |
| All other liabilities | $1,385 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $86,785 |
| Loan and leases loss allowance | $668 |
| Total loans and leases (domestic) | $87,453 |
| All real estate loans | $81,843 |
| Real estate loans in domestic offices | $81,843 |
| Construction and development loans | $7,036 |
| Residential 1-4 family construction | $5,414 |
| Other construction, all land development and other land | $1,622 |
| Loans secured by nonfarm nonresidential properties | $24,236 |
| Nonfarm nonresidential secured by owner-occupied properties | $10,139 |
| Commercial real estate & other non-farm, non-residential | $14,097 |
| Multifamily residential real estate | $6,996 |
| 1-4 family residential loans | $43,504 |
| Farmland loans | $71 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $2,816 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $2,782 |
| Credit card loans | $0 |
| Related Plans | $1,410 |
| Consumer Auto Loans | $30 |
| Other loans to individuals | $1,342 |
| All other loans & leases | $12 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $12 |
| 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 | $1,213 |
| Non 1-4 family restructured loans & leases | $820 |
| Total loans and leases (foreign) | $0 |
The Cincinnatus Savings & Loan Co. had $86,785,000 of loans outstanding in 2020. $81,843,000 of loans were in real estate loans. $7,036,000 of loans were in development loans. $6,996,000 of loans were in multifamily mortgage loans. $43,504,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $30,000 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 | 47 | $10,989 | $233,809 |
| Nonfarm, nonresidential loans - <$100k | 11 | $465 | $42,273 |
| Nonfarm, nonresidential loans - $100-250k | 14 | $1,665 | $118,929 |
| Nonfarm, nonresidential loans - $250k-1MM | 22 | $8,859 | $402,682 |
| Commercial & Industrial, US addressed loans - <$1MM | 42 | $2,816 | $67,048 |
| Commercial & Industrial, US addressed loans - <$100k | 25 | $595 | $23,800 |
| Commercial & Industrial, US addressed loans - $100-250k | 11 | $1,106 | $100,545 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 6 | $1,115 | $185,833 |
| Farmland loans - <$1MM | 1 | $71 | $71,000 |
| Farmland loans - <$100k | 1 | $71 | $71,000 |