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, Morristown, Knoxville, and Greeneville among others. We have data for 6 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

    142

    Origination Dollar Volume (All Markets)

    $36,230,000

    Employee count

    31

    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) 105 $27,585,000 $262,714 $0 0.00%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 21 $4,615,000 $219,762 $0 0.00%
    Outside of Metro Areas 13 $3,155,000 $242,692 $0 0.00%
    MORRISTOWN, TN (FHA|USDA|VA) 1 $505,000 $505,000 $0 0.00%
    KNOXVILLE, TN (FHA|USDA|VA) 1 $255,000 $255,000 $0 0.00%
    Greeneville, TN (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
    Elizabethton Federal Savings Bank's top markets include Johnson City, Kingsport, Morristown, Knoxville, 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 142 $36,230,000 $255,141 $0 0.00%

    For 2021, Elizabethton Federal Savings Bank's most frequently originated type of loan was Conventional, with 142 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 67 $23,475,000 $350,373 $0 0.00%
    Refi 58 $11,140,000 $192,069 $0 0.00%
    Other 10 $1,080,000 $108,000 $0 0.00%
    Home Improvement 7 $535,000 $76,429 $0 0.00%

    For 2021, Elizabethton Federal Savings Bank's most frequently cited loan purpose was Home Purchase, with 67 originations. The 2nd most popular reason was Refi, with 58 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 142 $36,230,000 $255,141 $0 0.00%

    For 2021, Elizabethton Federal Savings Bank's most frequently cited loan duration was Other, with 142 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 49 $6,985,000 $142,551 $0 0.00%
    $100,000 or less 45 $2,985,000 $66,333 $0 0.00%
    $200k-400k 26 $7,390,000 $284,231 $0 0.00%
    $400k-600k 11 $5,415,000 $492,273 $0 0.00%
    $600k-1MM 8 $6,460,000 $807,500 $0 0.00%
    $1MM+ 3 $6,995,000 $2,331,667 $0 0.00%

    2021 saw Elizabethton Federal Savings Bank place emphasis on $100k-200k loans with 49 originations, totaling $6,985,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 38 $4,530,000 $119,211 $0 0.00%
    $50k-75k 25 $3,895,000 $155,800 $0 0.00%
    $150k-250k 23 $6,025,000 $261,957 $0 0.00%
    $100k-150k 21 $5,425,000 $258,333 $0 0.00%
    $75k-100k 16 $3,400,000 $212,500 $0 0.00%
    $250k+ 12 $10,930,000 $910,833 $0 0.00%

    Elizabethton Federal Savings Bank lent most frequently to those with incomes in the $50k or less range, with 38 originations. The second most popular income band? $50k-75k, with 25 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 142 $36,230,000 $255,141 $0 0.00%

    Elizabethton Federal Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 142 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 139 $35,265,000 $253,705 $0 0.00%
    Asian 2 $910,000 $455,000 $0 0.00%
    Not applicable 1 $55,000 $55,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    98.05%

    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
    93.66%

    Elizabethton Federal Savings Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 142 $36,230,000 $255,141

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    142 $36,230,000 $255,141

    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 $69,524
    Elizabethton Federal Savings Bank 1190 West State Of Franklin Rd. Johnson City, TN 37604 Full Service B&M $13,150
    Elizabethton Federal Savings Bank 304 Sunset Drive Johnson City, TN 37601 Full Service B&M $30,934
    Elizabethton Federal Savings Bank 400 Bemberg Road Elizabethton, TN 37643 Full Service B&M $36,022
    Elizabethton Federal Savings Bank 404 South Shadt Street Mountain City, TN 37683 Full Service B&M $43,190

    For 2021, Elizabethton Federal Savings Bank had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $7,626
    Net interest income $6,728
    Total noninterest income $684
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $57
    Trading account gains and fees $0
    Additional Noninterest Income $627
    Pre-tax net operating income $3,394
    Securities gains (or losses, -) $0
    Income before extraordinary items $2,312
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,312
    Minority interest net income $0
    Net income $2,312
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,312

    Elizabethton Federal Savings Bank's gross interest income from loans was $7,626,000.
    Elizabethton Federal Savings Bank's net interest income from loans was $6,728,000.
    Elizabethton Federal Savings Bank's fee based income from loans was $57,000.
    Elizabethton Federal Savings Bank's net income from loans was $2,312,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $898
    Provision for credit losses $0
    Total noninterest expense $4,018
    Salaries and employee benefits $2,332
    Premises and equipment expense $533
    Additional noninterest expense $1,153
    Applicable income taxes $1,082
    Net charge-offs $0
    Cash dividends $0

    Elizabethton Federal Savings Bank's interest expense for loans was $898,000.
    Elizabethton Federal Savings Bank's payroll and benefits expense were $2,332,000.
    Elizabethton Federal Savings Bank's property, plant and equipment expenses $533,000.

    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 $195,026
    Deposits held in domestic offices $195,026
    Deposits by Individuals, partnerships, and corporations $190,907
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $1,002
    Deposits by Commercial banks and other depository institutions in U.S. $3,117
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $45,936
    Demand deposits $4,346
    Nontransaction accounts $149,090
    Money market deposit accounts (MMDAs) $2,513
    Other savings deposits (excluding MMDAs) $68,647
    Total time deposits $77,930
    Total time and savings deposits $190,680
    Noninterest-bearing deposits $6,051
    Interest-bearing deposits $188,975
    Retail deposits $180,605
    IRAs and Keogh plan accounts $29,074
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $321,517
    Cash & Balances due from depository institutions $40,324
    Interest-bearing balances $36,409
    Total securities $138,125
    Federal funds sold & reverse repurchase $0
    Net loans and leases $132,210
    Loan and leases loss allowance $1,440
    Trading account assets $0
    Bank premises and fixed assets $5,622
    Other real estate owned $574
    Goodwill and other intangibles $0
    All other assets $4,662

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $321,517
    Total Liabilities $195,612
    Total deposits $195,026
    Interest-bearing deposits $188,975
    Deposits held in domestic offices $195,026
    % insured (estimated) $93
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $128
    Subordinated debt $0
    All other liabilities $458

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $132,210
    Loan and leases loss allowance $1,440
    Total loans and leases (domestic) $133,650
    All real estate loans $131,853
    Real estate loans in domestic offices $131,853
    Construction and development loans $12,333
    Residential 1-4 family construction $7,996
    Other construction, all land development and other land $4,337
    Loans secured by nonfarm nonresidential properties $9,153
    Nonfarm nonresidential secured by owner-occupied properties $3,040
    Commercial real estate & other non-farm, non-residential $6,113
    Multifamily residential real estate $5,081
    1-4 family residential loans $104,572
    Farmland loans $714
    Loans held in foreign offices $0
    Farm loans $7
    Commercial and industrial loans $0
    To non-U.S. addressees $0
    Loans to individuals $1,703
    Credit card loans $0
    Related Plans $8
    Consumer Auto Loans $1,174
    Other loans to individuals $521
    All other loans & leases $87
    Loans to foreign governments and official institutions $0
    Other loans $87
    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 $132,210,000 of loans outstanding in 2021. $131,853,000 of loans were in real estate loans. $12,333,000 of loans were in development loans. $5,081,000 of loans were in multifamily mortgage loans. $104,572,000 of loans were in 1-4 family mortgage loans. $7,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,174,000 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 51 $7,044 $138,118
    Nonfarm, nonresidential loans - <$100k 14 $452 $32,286
    Nonfarm, nonresidential loans - $100-250k 23 $2,138 $92,957
    Nonfarm, nonresidential loans - $250k-1MM 14 $4,454 $318,143
    Farmland loans - <$1MM 6 $714 $119,000
    Farmland loans - <$100k 2 $54 $27,000
    Farmland loans - $100-250k 3 $369 $123,000
    Farmland loans - $250k-1MM 1 $291 $291,000
    Agriculture operations loans - <$1MM 2 $7 $3,500
    Agriculture operations loans - <$100k 2 $7 $3,500