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, Dayton, North Port, Greensburg, and Wilmington among others. We have data for 6 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
163Origination Dollar Volume (All Markets)
$38,175,000Employee 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) | 155 | $35,315,000 | $227,839 | $0 | 0.00% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 4 | $1,750,000 | $437,500 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.00% |
| Greensburg, IN (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $225,000 | $225,000 | $0 | 0.00% |
| Wilmington, OH (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 163 | $38,175,000 | $234,202 | $0 | 0.00% |
For 2021, The Cincinnatus Savings & Loan Co.'s most frequently originated type of loan was Conventional, with 163 originations.
Loan Reason
For 2021, The Cincinnatus Savings & Loan Co.'s most frequently cited loan purpose was Home Purchase, with 65 originations. The 2nd most popular reason was Refi, with 51 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 163 | $38,175,000 | $234,202 | $0 | 0.00% |
For 2021, The Cincinnatus Savings & Loan Co.'s most frequently cited loan duration was Other, with 163 originations.
Loan Sizing
2021 saw The Cincinnatus Savings & Loan Co. place emphasis on $100k-200k loans with 68 originations, totaling $10,260,000 in origination value.
Applicant Income
The Cincinnatus Savings & Loan Co. lent most frequently to those with incomes in the $150k-250k range, with 34 originations. The second most popular income band? $100k-150k, with 30 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 163 | $38,175,000 | $234,202 | $0 | 0.00% |
The Cincinnatus Savings & Loan Co. lent most frequently to those with DTI ratios of Exempt%, with 163 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.63%
The Cincinnatus Savings & Loan Co. has an average approval rate.
Pick Rate
Approvals leading to origination92.02%
The Cincinnatus Savings & Loan Co. has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 163 | $38,175,000 | $234,202 |
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 | $12,393 |
| The Cincinnatus Savings & Loan Co. | 3300 Harrison Ave Cincinnati, OH 45211 | Full Service B&M | $59,902 |
| The Cincinnatus Savings & Loan Co. | 3664 Springdale Rd Cincinnati, OH 45251 | Full Service B&M | $16,507 |
For 2021, The Cincinnatus Savings & Loan Co. had 3 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $4,386 |
| Net interest income | $4,212 |
| Total noninterest income | $778 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $19 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $759 |
| Pre-tax net operating income | $1,587 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $1,282 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $1,282 |
| Minority interest net income | $0 |
| Net income | $1,282 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $1,282 |
The Cincinnatus Savings & Loan Co.'s gross interest income from loans was $4,386,000.
The Cincinnatus Savings & Loan Co.'s net interest income from loans was $4,212,000.
The Cincinnatus Savings & Loan Co.'s fee based income from loans was $19,000.
The Cincinnatus Savings & Loan Co.'s net income from loans was $1,282,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $174 |
| Provision for credit losses | $-51 |
| Total noninterest expense | $3,454 |
| Salaries and employee benefits | $1,983 |
| Premises and equipment expense | $289 |
| Additional noninterest expense | $1,182 |
| Applicable income taxes | $305 |
| Net charge-offs | $-177 |
| Cash dividends | $0 |
The Cincinnatus Savings & Loan Co.'s interest expense for loans was $174,000.
The Cincinnatus Savings & Loan Co.'s payroll and benefits expense were $1,983,000.
The Cincinnatus Savings & Loan Co.'s property, plant and equipment expenses $289,000.
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 | $93,992 |
| Deposits held in domestic offices | $93,992 |
| Deposits by Individuals, partnerships, and corporations | $88,321 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $5,671 |
| 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 | $20,059 |
| Demand deposits | $9,568 |
| Nontransaction accounts | $73,933 |
| Money market deposit accounts (MMDAs) | $31,234 |
| Other savings deposits (excluding MMDAs) | $14,080 |
| Total time deposits | $28,619 |
| Total time and savings deposits | $84,424 |
| Noninterest-bearing deposits | $11,365 |
| Interest-bearing deposits | $82,627 |
| Retail deposits | $86,586 |
| IRAs and Keogh plan accounts | $3,189 |
| Brokered deposits | $14,440 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $119,209 |
| Cash & Balances due from depository institutions | $1,985 |
| Interest-bearing balances | $1,324 |
| Total securities | $8,226 |
| Federal funds sold & reverse repurchase | $2,397 |
| Net loans and leases | $97,540 |
| Loan and leases loss allowance | $794 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $3,717 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $334 |
| All other assets | $5,010 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $119,209 |
| Total Liabilities | $95,364 |
| Total deposits | $93,992 |
| Interest-bearing deposits | $82,627 |
| Deposits held in domestic offices | $93,992 |
| % insured (estimated) | $82 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $1,372 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $97,540 |
| Loan and leases loss allowance | $794 |
| Total loans and leases (domestic) | $98,334 |
| All real estate loans | $93,167 |
| Real estate loans in domestic offices | $93,167 |
| Construction and development loans | $4,292 |
| Residential 1-4 family construction | $2,983 |
| Other construction, all land development and other land | $1,309 |
| Loans secured by nonfarm nonresidential properties | $34,481 |
| Nonfarm nonresidential secured by owner-occupied properties | $11,748 |
| Commercial real estate & other non-farm, non-residential | $22,733 |
| Multifamily residential real estate | $9,193 |
| 1-4 family residential loans | $45,134 |
| Farmland loans | $67 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $639 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $4,528 |
| Credit card loans | $0 |
| Related Plans | $3,382 |
| Consumer Auto Loans | $7 |
| Other loans to individuals | $1,139 |
| 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 | $52 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $1,237 |
| Non 1-4 family restructured loans & leases | $797 |
| Total loans and leases (foreign) | $0 |
The Cincinnatus Savings & Loan Co. had $97,540,000 of loans outstanding in 2021. $93,167,000 of loans were in real estate loans. $4,292,000 of loans were in development loans. $9,193,000 of loans were in multifamily mortgage loans. $45,134,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $7,000 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 | 67 | $16,983 | $253,478 |
| Nonfarm, nonresidential loans - <$100k | 14 | $687 | $49,071 |
| Nonfarm, nonresidential loans - $100-250k | 15 | $1,655 | $110,333 |
| Nonfarm, nonresidential loans - $250k-1MM | 38 | $14,641 | $385,289 |
| Commercial & Industrial, US addressed loans - <$1MM | 13 | $639 | $49,154 |
| Commercial & Industrial, US addressed loans - <$100k | 5 | $102 | $20,400 |
| Commercial & Industrial, US addressed loans - $100-250k | 5 | $257 | $51,400 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 3 | $280 | $93,333 |
| Farmland loans - <$1MM | 1 | $67 | $67,000 |
| Farmland loans - <$100k | 1 | $67 | $67,000 |