Elizabethton Federal Savings Bank Mortgage Rates, Fees & Info

Elizabethton, TN

LEI: 549300IUMIMR7KEN9Z07

Tax ID: 62-0192666

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Elizabethton Federal Savings Bank is a smaller bank specializing in Home Purchase and Refi loans. Elizabethton Federal Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Johnson City, Kingsport, and Greeneville among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Elizabethton Federal Savings 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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    Originations

    176

    Origination Dollar Volume (All Markets)

    $29,870,000

    Employee count

    33

    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
    JOHNSON CITY, TN (FHA|USDA|VA) 126 $21,310,000 $169,127 $0 0.00%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 27 $5,245,000 $194,259 $0 0.00%
    Outside of Metro Areas 21 $3,015,000 $143,571 $0 0.00%
    Greeneville, TN (FHA|USDA|VA) 2 $300,000 $150,000 $0 0.00%
    Elizabethton Federal Savings Bank's top markets include Johnson City, Kingsport, and Greeneville among others.

    Their top states include:
  • Tennessee (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 176 $29,870,000 $169,716 $0 0.00%

    For 2020, Elizabethton Federal Savings Bank's most frequently originated type of loan was Conventional, with 176 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 84 $18,140,000 $215,952 $0 0.00%
    Refi 71 $9,265,000 $130,493 $0 0.00%
    Home Improvement 12 $860,000 $71,667 $0 0.00%
    Other 9 $1,605,000 $178,333 $0 0.00%

    For 2020, Elizabethton Federal Savings Bank's most frequently cited loan purpose was Home Purchase, with 84 originations. The 2nd most popular reason was Refi, with 71 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 176 $29,870,000 $169,716 $0 0.00%

    For 2020, Elizabethton Federal Savings Bank's most frequently cited loan duration was Other, with 176 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 75 $4,405,000 $58,733 $0 0.00%
    $100k-200k 51 $7,045,000 $138,137 $0 0.00%
    $200k-400k 32 $8,720,000 $272,500 $0 0.00%
    $400k-600k 15 $7,575,000 $505,000 $0 0.00%
    $600k-1MM 3 $2,125,000 $708,333 $0 0.00%

    2020 saw Elizabethton Federal Savings Bank place emphasis on $100,000 or less loans with 75 originations, totaling $4,405,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 43 $3,395,000 $78,953 $0 0.00%
    $100k-150k 34 $7,800,000 $229,412 $0 0.00%
    $50k-75k 34 $4,480,000 $131,765 $0 0.00%
    $75k-100k 33 $5,255,000 $159,242 $0 0.00%
    $150k-250k 24 $6,620,000 $275,833 $0 0.00%
    $250k+ 6 $2,060,000 $343,333 $0 0.00%

    Elizabethton Federal Savings Bank lent most frequently to those with incomes in the $50k or less range, with 43 originations. The second most popular income band? $100k-150k, with 34 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 176 $29,870,000 $169,716 $0 0.00%

    Elizabethton Federal Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 176 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 173 $29,725,000 $171,821 $0 0.00%
    Not applicable 1 $95,000 $95,000 $0 0.00%
    Asian 1 $35,000 $35,000 $0 0.00%
    Black 1 $15,000 $15,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.83%

    Elizabethton Federal Savings Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    96.02%

    Elizabethton Federal Savings 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 176 $29,870,000 $169,716

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $455,000 $455,000
    Single Family (1-4 Units):Manufactured 1 $15,000 $15,000
    Single Family (1-4 Units):Site-Built 174 $29,400,000 $168,966

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Elizabethton Federal Savings Bank 112-114 North Sycamore Street Elizabethton, TN 37643 Full Service B&M $69,336
    Elizabethton Federal Savings Bank 1190 West State Of Franklin Rd. Johnson City, TN 37604 Full Service B&M $10,531
    Elizabethton Federal Savings Bank 304 Sunset Drive Johnson City, TN 37601 Full Service B&M $27,986
    Elizabethton Federal Savings Bank 400 Bemberg Road Elizabethton, TN 37643 Full Service B&M $33,750
    Elizabethton Federal Savings Bank 404 South Shadt Street Mountain City, TN 37683 Full Service B&M $39,674

    For 2020, Elizabethton Federal Savings Bank had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $8,891
    Net interest income $7,444
    Total noninterest income $563
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $76
    Trading account gains and fees $0
    Additional Noninterest Income $487
    Pre-tax net operating income $3,987
    Securities gains (or losses, -) $0
    Income before extraordinary items $3,016
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,016
    Minority interest net income $0
    Net income $3,016
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,016

    Elizabethton Federal Savings Bank's gross interest income from loans was $8,891,000.
    Elizabethton Federal Savings Bank's net interest income from loans was $7,444,000.
    Elizabethton Federal Savings Bank's fee based income from loans was $76,000.
    Elizabethton Federal Savings Bank's net income from loans was $3,016,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,447
    Provision for credit losses $0
    Total noninterest expense $4,020
    Salaries and employee benefits $2,348
    Premises and equipment expense $494
    Additional noninterest expense $1,178
    Applicable income taxes $971
    Net charge-offs $4
    Cash dividends $0

    Elizabethton Federal Savings Bank's interest expense for loans was $1,447,000.
    Elizabethton Federal Savings Bank's payroll and benefits expense were $2,348,000.
    Elizabethton Federal Savings Bank's property, plant and equipment expenses $494,000.

    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 1.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $184,616
    Deposits held in domestic offices $184,616
    Deposits by Individuals, partnerships, and corporations $180,849
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $980
    Deposits by Commercial banks and other depository institutions in U.S. $2,787
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $40,113
    Demand deposits $3,904
    Nontransaction accounts $144,503
    Money market deposit accounts (MMDAs) $3,192
    Other savings deposits (excluding MMDAs) $57,864
    Total time deposits $83,446
    Total time and savings deposits $180,712
    Noninterest-bearing deposits $4,433
    Interest-bearing deposits $180,183
    Retail deposits $170,352
    IRAs and Keogh plan accounts $31,006
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $309,592
    Cash & Balances due from depository institutions $51,587
    Interest-bearing balances $48,119
    Total securities $113,832
    Federal funds sold & reverse repurchase $0
    Net loans and leases $132,735
    Loan and leases loss allowance $1,440
    Trading account assets $0
    Bank premises and fixed assets $5,817
    Other real estate owned $955
    Goodwill and other intangibles $0
    All other assets $4,666

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $309,592
    Total Liabilities $185,999
    Total deposits $184,616
    Interest-bearing deposits $180,183
    Deposits held in domestic offices $184,616
    % insured (estimated) $94
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $361
    Subordinated debt $0
    All other liabilities $1,022

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $132,735
    Loan and leases loss allowance $1,440
    Total loans and leases (domestic) $134,175
    All real estate loans $132,357
    Real estate loans in domestic offices $132,357
    Construction and development loans $11,520
    Residential 1-4 family construction $7,354
    Other construction, all land development and other land $4,166
    Loans secured by nonfarm nonresidential properties $9,055
    Nonfarm nonresidential secured by owner-occupied properties $3,986
    Commercial real estate & other non-farm, non-residential $5,069
    Multifamily residential real estate $4,603
    1-4 family residential loans $106,345
    Farmland loans $834
    Loans held in foreign offices $0
    Farm loans $16
    Commercial and industrial loans $0
    To non-U.S. addressees $0
    Loans to individuals $1,773
    Credit card loans $0
    Related Plans $9
    Consumer Auto Loans $1,282
    Other loans to individuals $482
    All other loans & leases $29
    Loans to foreign governments and official institutions $0
    Other loans $29
    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

    Elizabethton Federal Savings Bank had $132,735,000 of loans outstanding in 2020. $132,357,000 of loans were in real estate loans. $11,520,000 of loans were in development loans. $4,603,000 of loans were in multifamily mortgage loans. $106,345,000 of loans were in 1-4 family mortgage loans. $16,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,282,000 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 65 $8,222 $126,492
    Nonfarm, nonresidential loans - <$100k 23 $729 $31,696
    Nonfarm, nonresidential loans - $100-250k 28 $2,997 $107,036
    Nonfarm, nonresidential loans - $250k-1MM 14 $4,496 $321,143
    Farmland loans - <$1MM 7 $834 $119,143
    Farmland loans - <$100k 2 $59 $29,500
    Farmland loans - $100-250k 4 $475 $118,750
    Farmland loans - $250k-1MM 1 $300 $300,000
    Agriculture operations loans - <$1MM 3 $16 $5,333
    Agriculture operations loans - <$100k 3 $16 $5,333