Cfsbank Mortgage Rates, Fees & Info

Charleroi, PA

LEI: 549300GJHCU3PV11PY25

Tax ID: 25-0400413

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Mortgage Data

Bank Data

Review & Overview

Cfsbank is a smaller bank specializing in Refi and Home Purchase loans. Cfsbank has a high proportion of conventional loans. Their top markets by origination volume include: Pittsburgh, Reading, and Indiana among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

Cfsbank has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.

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Originations

251

Origination Dollar Volume (All Markets)

$50,895,000

Employee count

74

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
PITTSBURGH, PA (FHA|USDA|VA) 248 $50,050,000 $201,815 $0 0.00%
READING, PA (FHA|USDA|VA) 1 $535,000 $535,000 $0 0.00%
Indiana, PA (FHA|USDA|VA) 1 $235,000 $235,000 $0 0.00%
Outside of Metro Areas 1 $75,000 $75,000 $0 0.00%
Cfsbank's top markets include Pittsburgh, Reading, and Indiana among others.

Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 251 $50,895,000 $202,769 $0 0.00%

    For 2020, Cfsbank's most frequently originated type of loan was Conventional, with 251 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 112 $24,090,000 $215,089 $0 0.00%
    Home Purchase 80 $23,360,000 $292,000 $0 0.00%
    Home Improvement 44 $2,550,000 $57,955 $0 0.00%
    Other 15 $895,000 $59,667 $0 0.00%

    For 2020, Cfsbank's most frequently cited loan purpose was Refi, with 112 originations. The 2nd most popular reason was Home Purchase, with 80 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 251 $50,895,000 $202,769 $0 0.00%

    For 2020, Cfsbank's most frequently cited loan duration was Other, with 251 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 94 $4,830,000 $51,383 $0 0.00%
    $200k-400k 65 $18,295,000 $281,462 $0 0.00%
    $100k-200k 57 $8,535,000 $149,737 $0 0.00%
    $400k-600k 24 $11,010,000 $458,750 $0 0.00%
    $600k-1MM 10 $7,140,000 $714,000 $0 0.00%
    $1MM+ 1 $1,085,000 $1,085,000 $0 0.00%

    2020 saw Cfsbank place emphasis on $100,000 or less loans with 94 originations, totaling $4,830,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 78 $15,610,000 $200,128 $0 0.00%
    $150k-250k 50 $14,340,000 $286,800 $0 0.00%
    $75k-100k 38 $6,080,000 $160,000 $0 0.00%
    $50k-75k 26 $2,820,000 $108,462 $0 0.00%
    $50k or less 24 $1,480,000 $61,667 $0 0.00%
    $250k+ 19 $8,715,000 $458,684 $0 0.00%

    Cfsbank lent most frequently to those with incomes in the $100k-150k range, with 78 originations. The second most popular income band? $150k-250k, with 50 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 251 $50,895,000 $202,769 $0 0.00%

    Cfsbank lent most frequently to those with DTI ratios of Exempt%, with 251 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 233 $47,705,000 $204,742 $0 0.00%
    Not applicable 13 $1,535,000 $118,077 $0 0.00%
    Asian 3 $1,075,000 $358,333 $0 0.00%
    Asian Indian 1 $445,000 $445,000 $0 0.00%
    American Indian 1 $135,000 $135,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    86.74%

    Cfsbank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    90.44%

    Cfsbank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 251 $50,895,000 $202,769

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $140,000 $70,000
    Single Family (1-4 Units):Manufactured 4 $660,000 $165,000
    Single Family (1-4 Units):Site-Built 245 $50,095,000 $204,469

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Cfsbank 101 Highpointe Drive Seven Fields, PA 16046 Full Service B&M $18,668
    Cfsbank 101 Mckean Avenue Charleroi, PA 15022 Full Service B&M $139,208
    Cfsbank 105 Walton Tea Room Road Greensburg, PA 15601 Full Service B&M $20,060
    Cfsbank 1220 West Main St Monongahela, PA 15063 Full Service B&M $44,400
    Cfsbank 145 Technology Drive Canonsburg, PA 15317 Full Service B&M $1,023
    Cfsbank 1652 Rostraver Road Belle Vernon, PA 15012 Full Service B&M $46,815
    Cfsbank 205 S Arch St Connellsville, PA 15425 Full Service B&M $33,891
    Cfsbank 622 East Mcmurray Road Mc Murray, PA 15317 Full Service B&M $30,576
    Cfsbank 730 East Beau Street Washington, PA 15301 Full Service B&M $25,724
    Cfsbank 919 Main St Bentleyville, PA 15314 Full Service B&M $56,122

    For 2020, Cfsbank had 10 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $13,788
    Net interest income $10,682
    Total noninterest income $1,660
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $152
    Trading account gains and fees $0
    Additional Noninterest Income $1,508
    Pre-tax net operating income $1,076
    Securities gains (or losses, -) $1
    Income before extraordinary items $1,100
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,100
    Minority interest net income $0
    Net income $1,100
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,099

    Cfsbank's gross interest income from loans was $13,788,000.
    Cfsbank's net interest income from loans was $10,682,000.
    Cfsbank's fee based income from loans was $152,000.
    Cfsbank's net income from loans was $1,100,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,106
    Provision for credit losses $0
    Total noninterest expense $11,266
    Salaries and employee benefits $6,402
    Premises and equipment expense $1,536
    Additional noninterest expense $3,328
    Applicable income taxes $-23
    Net charge-offs $-450
    Cash dividends $0

    Cfsbank's interest expense for loans was $3,106,000.
    Cfsbank's payroll and benefits expense were $6,402,000.
    Cfsbank's property, plant and equipment expenses $1,536,000.

    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 6.0%
    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 1.1%
    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 $425,851
    Deposits held in domestic offices $425,851
    Deposits by Individuals, partnerships, and corporations $419,382
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $6,469
    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 $141,476
    Demand deposits $141,476
    Nontransaction accounts $284,375
    Money market deposit accounts (MMDAs) $21,385
    Other savings deposits (excluding MMDAs) $120,799
    Total time deposits $142,191
    Total time and savings deposits $284,375
    Noninterest-bearing deposits $90,686
    Interest-bearing deposits $335,165
    Retail deposits $398,276
    IRAs and Keogh plan accounts $68,346
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $505,529
    Cash & Balances due from depository institutions $49,665
    Interest-bearing balances $42,024
    Total securities $131,406
    Federal funds sold & reverse repurchase $0
    Net loans and leases $283,349
    Loan and leases loss allowance $2,351
    Trading account assets $0
    Bank premises and fixed assets $16,137
    Other real estate owned $1,145
    Goodwill and other intangibles $3
    All other assets $23,824

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $505,528
    Total Liabilities $429,013
    Total deposits $425,851
    Interest-bearing deposits $335,165
    Deposits held in domestic offices $425,851
    % insured (estimated) $85
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $3,162

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $283,349
    Loan and leases loss allowance $2,351
    Total loans and leases (domestic) $285,700
    All real estate loans $274,252
    Real estate loans in domestic offices $274,252
    Construction and development loans $6,950
    Residential 1-4 family construction $6,950
    Other construction, all land development and other land $0
    Loans secured by nonfarm nonresidential properties $22,350
    Nonfarm nonresidential secured by owner-occupied properties $10,155
    Commercial real estate & other non-farm, non-residential $12,195
    Multifamily residential real estate $1,292
    1-4 family residential loans $243,589
    Farmland loans $71
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $4,863
    To non-U.S. addressees $0
    Loans to individuals $5,105
    Credit card loans $698
    Related Plans $230
    Consumer Auto Loans $0
    Other loans to individuals $4,177
    All other loans & leases $1,480
    Loans to foreign governments and official institutions $0
    Other loans $1
    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 $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    CFSBANK had $283,349,000 of loans outstanding in 2020. $274,252,000 of loans were in real estate loans. $6,950,000 of loans were in development loans. $1,292,000 of loans were in multifamily mortgage loans. $243,589,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $698,000 of loans were in credit card loans. $0 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 60 $22,350 $372,500
    Nonfarm, nonresidential loans - <$100k 12 $438 $36,500
    Nonfarm, nonresidential loans - $100-250k 17 $1,744 $102,588
    Nonfarm, nonresidential loans - $250k-1MM 31 $20,168 $650,581
    Commercial & Industrial, US addressed loans - <$1MM 38 $4,863 $127,974
    Commercial & Industrial, US addressed loans - <$100k 20 $586 $29,300
    Commercial & Industrial, US addressed loans - $100-250k 9 $1,167 $129,667
    Commercial & Industrial, US addressed loans - $250k-1MM 9 $3,110 $345,556
    Farmland loans - <$1MM 2 $71 $35,500
    Farmland loans - <$100k 1 $22 $22,000
    Farmland loans - $100-250k 1 $49 $49,000