Evans Bank Mortgage Rates, Fees & Info

Angola, NY

LEI: 549300F7JKU0UTD6KX15

Tax ID: 16-0426523

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Mortgage Data

Bank Data

Review & Overview

Evans Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Evans Bank has a high proportion of conventional loans. Their top markets by origination volume include: Buffalo, Olean, Rochester, and Jamestown among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

Evans Bank 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.

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.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.42% 4/21/24
30 Year Conventional Refi 6.14% 4/21/24
30 Year Cash-out Refi 6.52% 4/21/24
30 Year FHA Purchase 7.53% 4/21/24
30 Year VA Purchase 6.46% 4/21/24
15 Year Conventional Purchase 5.69% 4/21/24
15 Year Conventional Refi 5.58% 4/21/24
15 Year Cash-out Refi 5.58% 4/21/24
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.

Evans Bank Mortgage Calculator






Your Estimates

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

This is not an official calculator from Evans 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

246

Origination Dollar Volume (All Markets)

$79,640,000

Employee count

244

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
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 237 $78,015,000 $329,177 $0 0.00%
Olean, NY (FHA|USDA|VA) 5 $925,000 $185,000 $0 0.00%
ROCHESTER, NY (FHA|USDA|VA) 3 $645,000 $215,000 $0 0.00%
Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
Evans Bank's top markets include Buffalo, Olean, Rochester, and Jamestown among others.

Their top states include:
  • New York (FHA|USDA|VA)
  • Similar Lenders

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

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 246 $79,640,000 $323,740 $0 0.00%

    For 2019, Evans Bank's most frequently originated type of loan was Conventional, with 246 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 192 $59,060,000 $307,604 $0 0.00%
    Cash Out Refi 36 $17,610,000 $489,167 $0 0.00%
    Refi 14 $2,480,000 $177,143 $0 0.00%
    Home Improvement 2 $170,000 $85,000 $0 0.00%
    Other 2 $320,000 $160,000 $0 0.00%

    For 2019, Evans Bank's most frequently cited loan purpose was Home Purchase, with 192 originations. The 2nd most popular reason was Cash Out Refi, with 36 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 246 $79,640,000 $323,740 $0 0.00%

    For 2019, Evans Bank's most frequently cited loan duration was Other, with 246 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 129 $17,715,000 $137,326 $0 0.00%
    $100,000 or less 61 $4,245,000 $69,590 $0 0.00%
    $200k-400k 30 $8,240,000 $274,667 $0 0.00%
    $1MM+ 15 $42,445,000 $2,829,667 $0 0.00%
    $400k-600k 6 $2,940,000 $490,000 $0 0.00%
    $600k-1MM 5 $4,055,000 $811,000 $0 0.00%

    2019 saw Evans Bank place emphasis on $100k-200k loans with 129 originations, totaling $17,715,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 92 $8,960,000 $97,391 $0 0.00%
    $50k-75k 60 $8,020,000 $133,667 $0 0.00%
    $75k-100k 21 $3,125,000 $148,810 $0 0.00%
    $100k-150k 17 $3,505,000 $206,176 $0 0.00%
    $150k-250k 16 $3,990,000 $249,375 $0 0.00%
    $250k+ 3 $905,000 $301,667 $0 0.00%

    Evans Bank lent most frequently to those with incomes in the $50k or less range, with 92 originations. The second most popular income band? $50k-75k, with 60 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 246 $79,640,000 $323,740 $0 0.00%

    Evans Bank lent most frequently to those with DTI ratios of Exempt%, with 246 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 201 $39,745,000 $197,736 $0 0.00%
    Not applicable 21 $37,395,000 $1,780,714 $0 0.00%
    Black 20 $1,850,000 $92,500 $0 0.00%
    Asian 3 $535,000 $178,333 $0 0.00%
    American Indian 1 $115,000 $115,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.09%

    Evans Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    97.56%

    Evans Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 246 $79,640,000 $323,740

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $1,015,000 $1,015,000
    Multifamily:Site-Built 28 $48,370,000 $1,727,500
    Single Family (1-4 Units):Site-Built 217 $30,255,000 $139,424

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Evans Bank, National Association 6840 Erie Road Derby, NY 14047 Full Service B&M $81,925
    Evans Bank, National Association 1 Grimsby Drive Hamburg, NY 14075 Limited, Administrative $0
    Evans Bank, National Association 25 Main Street Forestville, NY 14062 Full Service B&M $75,176
    Evans Bank, National Association 2670 Delaware Avenue Buffalo, NY 14216 Full Service B&M $52,530
    Evans Bank, National Association 2800 Niagara Falls Boulevard Tonawanda, NY 14150 Full Service B&M $74,481
    Evans Bank, National Association 3388 Sheridan Drive Amherst, NY 14226 Full Service B&M $121,246
    Evans Bank, National Association 438 Main St, Ste 202 Buffalo, NY 14202 Full Service B&M $23,056
    Evans Bank, National Association 4979 Transit Road Depew, NY 14043 Full Service B&M $90,567
    Evans Bank, National Association 5178 Main Street Williamsville, NY 14221 Full Service B&M $44,137
    Evans Bank, National Association 5688 South Transit Road Lockport, NY 14094 Full Service B&M $54,925
    Evans Bank, National Association 5999 South Park Ave Hamburg, NY 14075 Full Service B&M $118,584
    Evans Bank, National Association 7205 Boston State Road Boston, NY 14025 Full Service B&M $81,159
    Evans Bank, National Association 8411 Main Street Williamsville, NY 14221 Full Service B&M $112,625
    Evans Bank, National Association 8599 Erie Rd Angola, NY 14006 Full Service B&M $153,316
    Evans Bank, National Association 925 Elmwood Ave Buffalo, NY 14222 Full Service B&M $54,197
    Evans Bank, National Association 938 Union Road West Seneca, NY 14224 Full Service B&M $148,798

    For 2019, Evans Bank had 16 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $64,740
    Net interest income $52,152
    Total noninterest income $7,708
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $2,569
    Trading account gains and fees $0
    Additional Noninterest Income $5,139
    Pre-tax net operating income $22,146
    Securities gains (or losses, -) $0
    Income before extraordinary items $17,286
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $17,286
    Minority interest net income $0
    Net income $17,286
    Sale, conversion, retirement of capital stock, net $756
    Net operating income $17,286

    Evans Bank's gross interest income from loans was $64,740,000.
    Evans Bank's net interest income from loans was $52,152,000.
    Evans Bank's fee based income from loans was $2,569,000.
    Evans Bank's net income from loans was $17,286,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $12,588
    Provision for credit losses $75
    Total noninterest expense $37,639
    Salaries and employee benefits $23,346
    Premises and equipment expense $3,077
    Additional noninterest expense $11,216
    Applicable income taxes $4,860
    Net charge-offs $-316
    Cash dividends $3,006

    Evans Bank's interest expense for loans was $12,588,000.
    Evans Bank's payroll and benefits expense were $23,346,000.
    Evans Bank's property, plant and equipment expenses $3,077,000.

    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 1.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 1.0%
    1-4 family residential loans 1.0%
    HELOC loans 1.0%
    All other family 0.0%
    Commercial & industrial loans 1.0%
    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 $1,269,924
    Deposits held in domestic offices $1,269,924
    Deposits by Individuals, partnerships, and corporations $1,081,179
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $188,506
    Deposits by Commercial banks and other depository institutions in U.S. $239
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $95,601
    Demand deposits $60,400
    Nontransaction accounts $1,174,323
    Money market deposit accounts (MMDAs) $332,467
    Other savings deposits (excluding MMDAs) $565,930
    Total time deposits $275,927
    Total time and savings deposits $1,209,524
    Noninterest-bearing deposits $95,601
    Interest-bearing deposits $1,174,323
    Retail deposits $1,172,476
    IRAs and Keogh plan accounts $21,925
    Brokered deposits $27,213
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,444,951
    Cash & Balances due from depository institutions $38,821
    Interest-bearing balances $28,280
    Total securities $130,308
    Federal funds sold & reverse repurchase $0
    Net loans and leases $1,211,356
    Loan and leases loss allowance $15,175
    Trading account assets $0
    Bank premises and fixed assets $16,464
    Other real estate owned $72
    Goodwill and other intangibles $555
    All other assets $47,375

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,444,951
    Total Liabilities $1,299,915
    Total deposits $1,269,924
    Interest-bearing deposits $1,174,323
    Deposits held in domestic offices $1,269,924
    % insured (estimated) $72
    Federal funds purchased and repurchase agreements $2,425
    Trading liabilities $0
    Other borrowed funds $13,741
    Subordinated debt $0
    All other liabilities $13,825

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,211,356
    Loan and leases loss allowance $15,175
    Total loans and leases (domestic) $1,226,531
    All real estate loans $995,126
    Real estate loans in domestic offices $995,126
    Construction and development loans $105,164
    Residential 1-4 family construction $9,006
    Other construction, all land development and other land $96,158
    Loans secured by nonfarm nonresidential properties $431,879
    Nonfarm nonresidential secured by owner-occupied properties $180,102
    Commercial real estate & other non-farm, non-residential $251,777
    Multifamily residential real estate $216,353
    1-4 family residential loans $241,730
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $222,969
    To non-U.S. addressees $0
    Loans to individuals $1,358
    Credit card loans $0
    Related Plans $168
    Consumer Auto Loans $225
    Other loans to individuals $965
    All other loans & leases $7,078
    Loans to foreign governments and official institutions $0
    Other loans $5,580
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $14,338
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $4,230
    Non 1-4 family restructured loans & leases $2,302
    Total loans and leases (foreign) $0

    Evans Bank had $1,211,356,000 of loans outstanding in 2019. $995,126,000 of loans were in real estate loans. $105,164,000 of loans were in development loans. $216,353,000 of loans were in multifamily mortgage loans. $241,730,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $225,000 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 319 $96,503 $302,517
    Nonfarm, nonresidential loans - <$100k 28 $1,122 $40,071
    Nonfarm, nonresidential loans - $100-250k 90 $11,808 $131,200
    Nonfarm, nonresidential loans - $250k-1MM 201 $83,573 $415,786
    Commercial & Industrial, US addressed loans - <$1MM 694 $67,275 $96,938
    Commercial & Industrial, US addressed loans - <$100k 429 $10,121 $23,592
    Commercial & Industrial, US addressed loans - $100-250k 129 $14,818 $114,868
    Commercial & Industrial, US addressed loans - $250k-1MM 136 $42,336 $311,294