Evans Bank Mortgage Rates, Fees & Info

Angola, NY

LEI: 549300F7JKU0UTD6KX15

Tax ID: 16-0426523

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

Jump to:

Mortgage Data

Bank Data

Review & Overview

Evans Bank is a smaller bank specializing in Home Purchase, Refi, and Cash Out Refi loans. Evans Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Buffalo, Rochester, Cleveland, Olean, and Watertown among others. We have data for 10 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.

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 6.42% 3/28/24
30 Year Conventional Refi 6.14% 3/28/24
30 Year Cash-out Refi 6.52% 3/28/24
30 Year FHA Purchase 7.53% 3/28/24
30 Year VA Purchase 6.46% 3/28/24
15 Year Conventional Purchase 5.69% 3/28/24
15 Year Conventional Refi 5.58% 3/28/24
15 Year Cash-out Refi 5.58% 3/28/24
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

536

Origination Dollar Volume (All Markets)

$166,950,000

Employee count

302

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) 394 $128,820,000 $326,954 $0 0.00%
ROCHESTER, NY (FHA|USDA|VA) 108 $23,040,000 $213,333 $0 0.00%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $9,085,000 $9,085,000 $0 0.00%
Olean, NY (FHA|USDA|VA) 10 $2,160,000 $216,000 $0 0.00%
WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) 6 $1,170,000 $195,000 $0 0.00%
Batavia, NY (FHA|USDA|VA) 5 $765,000 $153,000 $0 0.00%
Outside of Metro Areas 4 $700,000 $175,000 $0 0.00%
Ogdensburg-Massena, NY (FHA|USDA|VA) 4 $480,000 $120,000 $0 0.00%
Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) 3 $435,000 $145,000 $0 0.00%
SYRACUSE, NY (FHA|USDA|VA) 1 $295,000 $295,000 $0 0.00%
Evans Bank's top markets include Buffalo, Rochester, Cleveland, Olean, and Watertown among others.

Their top states include:
  • New York (FHA|USDA|VA)
  • Ohio (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.

    Pittsford Federal Credit Union
    Similarity Rank: 70
    ONTARIO SHORES
    Similarity Rank: 111
    Bank of Akron
    Similarity Rank: 114
    RIVERSIDE
    Similarity Rank: 128
    ESL Federal Credit Union
    Similarity Rank: 276
    FAMILY FIRST OF NY
    Similarity Rank: 378
    SEFCU SERVICES, LLC
    Similarity Rank: 540

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 514 $162,780,000 $316,693 $0 0.00%
    FHA 12 $1,790,000 $149,167 $0 0.00%
    VA 10 $2,380,000 $238,000 $0 0.00%

    For 2020, Evans Bank's most frequently originated type of loan was Conventional, with 514 originations. Their 2nd most popular type was FHA, with 12 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 267 $69,975,000 $262,079 $0 0.00%
    Refi 160 $38,400,000 $240,000 $0 0.00%
    Cash Out Refi 104 $58,150,000 $559,135 $0 0.00%
    Other 4 $360,000 $90,000 $0 0.00%
    Home Improvement 1 $65,000 $65,000 $0 0.00%

    For 2020, Evans Bank's most frequently cited loan purpose was Home Purchase, with 267 originations. The 2nd most popular reason was Refi, with 160 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 536 $166,950,000 $311,474 $0 0.00%

    For 2020, Evans Bank's most frequently cited loan duration was Other, with 536 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 232 $33,560,000 $144,655 $0 0.00%
    $200k-400k 151 $40,295,000 $266,854 $0 0.00%
    $100,000 or less 83 $6,485,000 $78,133 $0 0.00%
    $400k-600k 34 $16,190,000 $476,176 $0 0.00%
    $600k-1MM 20 $15,310,000 $765,500 $0 0.00%
    $1MM+ 16 $55,110,000 $3,444,375 $0 0.00%

    2020 saw Evans Bank place emphasis on $100k-200k loans with 232 originations, totaling $33,560,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 118 $18,130,000 $153,644 $0 0.00%
    $100k-150k 108 $22,990,000 $212,870 $0 0.00%
    $50k or less 87 $9,825,000 $112,931 $0 0.00%
    $75k-100k 77 $13,175,000 $171,104 $0 0.00%
    $150k-250k 64 $19,390,000 $302,969 $0 0.00%
    $250k+ 44 $23,310,000 $529,773 $0 0.00%

    Evans Bank lent most frequently to those with incomes in the $50k-75k range, with 118 originations. The second most popular income band? $100k-150k, with 108 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 536 $166,950,000 $311,474 $0 0.00%

    Evans Bank lent most frequently to those with DTI ratios of Exempt%, with 536 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 460 $99,210,000 $215,674 $0 0.00%
    Not applicable 28 $56,810,000 $2,028,929 $0 0.00%
    Asian 14 $5,030,000 $359,286 $0 0.00%
    Not provided 13 $2,895,000 $222,692 $0 0.00%
    Black 15 $1,875,000 $125,000 $0 0.00%
    American Indian 4 $660,000 $165,000 $0 0.00%
    Native Hawaiian or Islander 2 $470,000 $235,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.90%

    Evans Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    91.79%

    Evans Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 536 $166,950,000 $311,474

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $4,405,000 $4,405,000
    Multifamily:Site-Built 26 $53,360,000 $2,052,308
    Single Family (1-4 Units):Site-Built 509 $109,185,000 $214,509

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Evans Bank, National Association 1 Grimsby Drive Hamburg, NY 14075 Limited, Administrative $0
    Evans Bank, National Association 1075 Ridge Road , East Suite 100 Webster, NY 14580 Full Service B&M $29,499
    Evans Bank, National Association 2118 Hudson Avenue Rochester, NY 14617 Full Service B&M $37,399
    Evans Bank, National Association 2163 Nine Mile Point Road Fairport, NY 14450 Full Service B&M $47,340
    Evans Bank, National Association 25 Main Street Forestville, NY 14062 Full Service B&M $85,853
    Evans Bank, National Association 2670 Delaware Avenue Buffalo, NY 14216 Full Service B&M $76,601
    Evans Bank, National Association 2800 Niagara Falls Boulevard Tonawanda, NY 14150 Full Service B&M $93,452
    Evans Bank, National Association 3388 Sheridan Drive Amherst, NY 14226 Full Service B&M $140,756
    Evans Bank, National Association 438 Main St, Ste 202 Buffalo, NY 14202 Full Service B&M $47,605
    Evans Bank, National Association 45 S Main St Fairport, NY 14450 Full Service B&M $76,235
    Evans Bank, National Association 4979 Transit Road Depew, NY 14043 Full Service B&M $111,039
    Evans Bank, National Association 5178 Main Street Williamsville, NY 14221 Full Service B&M $66,394
    Evans Bank, National Association 5688 South Transit Road Lockport, NY 14094 Full Service B&M $73,693
    Evans Bank, National Association 5999 South Park Ave Hamburg, NY 14075 Full Service B&M $147,373
    Evans Bank, National Association 6797 Pittsford Palmyra Road Fairport, NY 14450 Full Service B&M $47,031
    Evans Bank, National Association 6840 Erie Road Derby, NY 14047 Full Service B&M $93,005
    Evans Bank, National Association 7205 Boston State Road Boston, NY 14025 Full Service B&M $93,915
    Evans Bank, National Association 8411 Main Street Williamsville, NY 14221 Full Service B&M $115,168
    Evans Bank, National Association 8599 Erie Rd Angola, NY 14006 Full Service B&M $159,691
    Evans Bank, National Association 925 Elmwood Ave Buffalo, NY 14222 Full Service B&M $71,156
    Evans Bank, National Association 938 Union Road West Seneca, NY 14224 Full Service B&M $198,760

    For 2020, Evans Bank had 21 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $68,833
    Net interest income $60,418
    Total noninterest income $8,113
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $2,242
    Trading account gains and fees $0
    Additional Noninterest Income $5,871
    Pre-tax net operating income $14,506
    Securities gains (or losses, -) $0
    Income before extraordinary items $13,364
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $13,364
    Minority interest net income $0
    Net income $13,364
    Sale, conversion, retirement of capital stock, net $625
    Net operating income $13,364

    Evans Bank's gross interest income from loans was $68,833,000.
    Evans Bank's net interest income from loans was $60,418,000.
    Evans Bank's fee based income from loans was $2,242,000.
    Evans Bank's net income from loans was $13,364,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $8,415
    Provision for credit losses $5,351
    Total noninterest expense $48,674
    Salaries and employee benefits $27,005
    Premises and equipment expense $4,022
    Additional noninterest expense $17,647
    Applicable income taxes $1,142
    Net charge-offs $111
    Cash dividends $4,506

    Evans Bank's interest expense for loans was $8,415,000.
    Evans Bank's payroll and benefits expense were $27,005,000.
    Evans Bank's property, plant and equipment expenses $4,022,000.

    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 2.0%
    Nonfarm, nonresidential loans 2.0%
    Multifamily residential loans 1.0%
    1-4 family residential loans 0.0%
    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 $1,776,133
    Deposits held in domestic offices $1,776,133
    Deposits by Individuals, partnerships, and corporations $1,545,044
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $230,843
    Deposits by Commercial banks and other depository institutions in U.S. $246
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $143,796
    Demand deposits $80,103
    Nontransaction accounts $1,632,337
    Money market deposit accounts (MMDAs) $503,159
    Other savings deposits (excluding MMDAs) $850,625
    Total time deposits $278,554
    Total time and savings deposits $1,696,030
    Noninterest-bearing deposits $143,796
    Interest-bearing deposits $1,632,337
    Retail deposits $1,703,912
    IRAs and Keogh plan accounts $29,702
    Brokered deposits $16,501
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $2,028,161
    Cash & Balances due from depository institutions $97,596
    Interest-bearing balances $83,902
    Total securities $166,600
    Federal funds sold & reverse repurchase $0
    Net loans and leases $1,673,379
    Loan and leases loss allowance $20,415
    Trading account assets $0
    Bank premises and fixed assets $23,779
    Other real estate owned $151
    Goodwill and other intangibles $2,836
    All other assets $63,820

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $2,028,161
    Total Liabilities $1,845,045
    Total deposits $1,776,133
    Interest-bearing deposits $1,632,337
    Deposits held in domestic offices $1,776,133
    % insured (estimated) $68
    Federal funds purchased and repurchase agreements $4,093
    Trading liabilities $0
    Other borrowed funds $44,698
    Subordinated debt $0
    All other liabilities $20,121

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,673,379
    Loan and leases loss allowance $20,415
    Total loans and leases (domestic) $1,693,794
    All real estate loans $1,278,066
    Real estate loans in domestic offices $1,278,066
    Construction and development loans $109,070
    Residential 1-4 family construction $4,626
    Other construction, all land development and other land $104,444
    Loans secured by nonfarm nonresidential properties $472,021
    Nonfarm nonresidential secured by owner-occupied properties $194,441
    Commercial real estate & other non-farm, non-residential $277,580
    Multifamily residential real estate $228,345
    1-4 family residential loans $468,630
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $405,944
    To non-U.S. addressees $0
    Loans to individuals $822
    Credit card loans $0
    Related Plans $109
    Consumer Auto Loans $150
    Other loans to individuals $563
    All other loans & leases $8,962
    Loans to foreign governments and official institutions $0
    Other loans $7,684
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $17,425
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $3,794
    Non 1-4 family restructured loans & leases $2,544
    Total loans and leases (foreign) $0

    Evans Bank had $1,673,379,000 of loans outstanding in 2020. $1,278,066,000 of loans were in real estate loans. $109,070,000 of loans were in development loans. $228,345,000 of loans were in multifamily mortgage loans. $468,630,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $150,000 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 341 $106,356 $311,894
    Nonfarm, nonresidential loans - <$100k 32 $1,348 $42,125
    Nonfarm, nonresidential loans - $100-250k 89 $12,091 $135,854
    Nonfarm, nonresidential loans - $250k-1MM 220 $92,917 $422,350
    Commercial & Industrial, US addressed loans - <$1MM 2,523 $209,852 $83,176
    Commercial & Industrial, US addressed loans - <$100k 1,892 $50,281 $26,576
    Commercial & Industrial, US addressed loans - $100-250k 348 $49,379 $141,894
    Commercial & Industrial, US addressed loans - $250k-1MM 283 $110,192 $389,371