Cattaraugus County Bank Mortgage Rates, Fees & Info

Little Valley, NY

LEI: 549300JEHXW73XYX6533

Tax ID: 16-0377180

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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

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

    Cattaraugus County Bank has an average approval rate when compared to the average across all lenders. They have an 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

    86

    Origination Dollar Volume (All Markets)

    $11,790,000

    Employee count

    63

    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
    Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) 32 $5,910,000 $184,688 $0 0.00%
    Olean, NY (FHA|USDA|VA) 40 $2,870,000 $71,750 $0 0.00%
    BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 12 $2,770,000 $230,833 $0 0.00%
    Outside of Metro Areas 2 $240,000 $120,000 $0 0.00%
    Cattaraugus County Bank's top markets include Jamestown, Olean, and Buffalo among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 86 $11,790,000 $137,093 $0 0.00%

    For 2018, Cattaraugus County Bank's most frequently originated type of loan was Conventional, with 86 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 44 $4,630,000 $105,227 $0 0.00%
    Home Purchase 32 $5,520,000 $172,500 $0 0.00%
    Refi 10 $1,640,000 $164,000 $0 0.00%

    For 2018, Cattaraugus County Bank's most frequently cited loan purpose was Cash Out Refi, with 44 originations. The 2nd most popular reason was Home Purchase, with 32 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 86 $11,790,000 $137,093 $0 0.00%

    For 2018, Cattaraugus County Bank's most frequently cited loan duration was Other, with 86 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 48 $2,450,000 $51,042 $0 0.00%
    $100k-200k 22 $2,930,000 $133,182 $0 0.00%
    $200k-400k 12 $3,340,000 $278,333 $0 0.00%
    $400k-600k 2 $880,000 $440,000 $0 0.00%
    $1MM+ 1 $1,205,000 $1,205,000 $0 0.00%
    $600k-1MM 1 $985,000 $985,000 $0 0.00%

    2018 saw Cattaraugus County Bank place emphasis on $100,000 or less loans with 48 originations, totaling $2,450,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 20 $1,610,000 $80,500 $0 0.00%
    $50k or less 17 $945,000 $55,588 $0 0.00%
    $75k-100k 13 $1,375,000 $105,769 $0 0.00%
    $100k-150k 12 $1,670,000 $139,167 $0 0.00%
    $150k-250k 9 $1,075,000 $119,444 $0 0.00%
    $250k+ 5 $835,000 $167,000 $0 0.00%

    Cattaraugus County Bank lent most frequently to those with incomes in the $50k-75k range, with 20 originations. The second most popular income band? $50k or less, with 17 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 86 $11,790,000 $137,093 $0 0.00%

    Cattaraugus County Bank lent most frequently to those with DTI ratios of Exempt%, with 86 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 77 $8,325,000 $108,117 $0 0.00%
    Not applicable 5 $3,055,000 $611,000 $0 0.00%
    American Indian 4 $410,000 $102,500 $0 0.00%

    Approval Rates

    Total approvals of all applications
    87.16%

    Cattaraugus County Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    90.70%

    Cattaraugus County Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 86 $11,790,000 $137,093

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 10 $3,970,000 $397,000
    Single Family (1-4 Units):Manufactured 5 $685,000 $137,000
    Single Family (1-4 Units):Site-Built 71 $7,135,000 $100,493

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Cattaraugus County Bank 116-20 Main Street Little Valley, NY 14755 Full Service B&M $47,364
    Cattaraugus County Bank 1165 Main Street Extension Dunkirk, NY 14048 Full Service B&M $20,324
    Cattaraugus County Bank 325 South Cascade Drive Springville, NY 14141 Full Service B&M $31,425
    Cattaraugus County Bank 42 Main Street Randolph, NY 14772 Full Service B&M $26,013
    Cattaraugus County Bank 517 Pine Street South Dayton, NY 14138 Full Service B&M $27,276
    Cattaraugus County Bank 550 Broad Street Salamanca, NY 14779 Full Service B&M $21,458
    Cattaraugus County Bank 7 South Main Street Franklinville, NY 14737 Full Service B&M $16,304
    Cattaraugus County Bank 870 Fairmount Avenue Jamestown, NY 14701 Full Service B&M $18,334

    For 2018, Cattaraugus County Bank had 8 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $10,392
    Net interest income $9,289
    Total noninterest income $1,826
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $613
    Trading account gains and fees $0
    Additional Noninterest Income $1,213
    Pre-tax net operating income $2,462
    Securities gains (or losses, -) $0
    Income before extraordinary items $2,199
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,199
    Minority interest net income $0
    Net income $2,199
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,199

    Cattaraugus County Bank's gross interest income from loans was $10,392,000.
    Cattaraugus County Bank's net interest income from loans was $9,289,000.
    Cattaraugus County Bank's fee based income from loans was $613,000.
    Cattaraugus County Bank's net income from loans was $2,199,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,103
    Provision for credit losses $225
    Total noninterest expense $8,428
    Salaries and employee benefits $4,257
    Premises and equipment expense $1,036
    Additional noninterest expense $3,135
    Applicable income taxes $263
    Net charge-offs $84
    Cash dividends $290

    Cattaraugus County Bank's interest expense for loans was $1,103,000.
    Cattaraugus County Bank's payroll and benefits expense were $4,257,000.
    Cattaraugus County Bank's property, plant and equipment expenses $1,036,000.

    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 2.0%
    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 $221,254
    Deposits held in domestic offices $221,254
    Deposits by Individuals, partnerships, and corporations $188,013
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $32,642
    Deposits by Commercial banks and other depository institutions in U.S. $598
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $88,541
    Demand deposits $41,893
    Nontransaction accounts $132,712
    Money market deposit accounts (MMDAs) $909
    Other savings deposits (excluding MMDAs) $93,054
    Total time deposits $38,749
    Total time and savings deposits $179,360
    Noninterest-bearing deposits $41,893
    Interest-bearing deposits $179,361
    Retail deposits $209,672
    IRAs and Keogh plan accounts $7,378
    Brokered deposits $5,058
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $246,643
    Cash & Balances due from depository institutions $14,731
    Interest-bearing balances $11,680
    Total securities $27,154
    Federal funds sold & reverse repurchase $0
    Net loans and leases $189,349
    Loan and leases loss allowance $2,919
    Trading account assets $0
    Bank premises and fixed assets $4,941
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $10,468

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $246,643
    Total Liabilities $225,846
    Total deposits $221,254
    Interest-bearing deposits $179,361
    Deposits held in domestic offices $221,254
    % insured (estimated) $85
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $4,592

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $189,349
    Loan and leases loss allowance $2,919
    Total loans and leases (domestic) $192,268
    All real estate loans $159,539
    Real estate loans in domestic offices $159,539
    Construction and development loans $8,118
    Residential 1-4 family construction $146
    Other construction, all land development and other land $7,972
    Loans secured by nonfarm nonresidential properties $74,408
    Nonfarm nonresidential secured by owner-occupied properties $24,246
    Commercial real estate & other non-farm, non-residential $50,162
    Multifamily residential real estate $12,481
    1-4 family residential loans $61,235
    Farmland loans $3,297
    Loans held in foreign offices $0
    Farm loans $1,786
    Commercial and industrial loans $27,602
    To non-U.S. addressees $0
    Loans to individuals $1,793
    Credit card loans $0
    Related Plans $284
    Consumer Auto Loans $254
    Other loans to individuals $1,255
    All other loans & leases $1,548
    Loans to foreign governments and official institutions $0
    Other loans $358
    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 $953
    Non 1-4 family restructured loans & leases $808
    Total loans and leases (foreign) $0

    Cattaraugus County Bank had $189,349,000 of loans outstanding in 2018. $159,539,000 of loans were in real estate loans. $8,118,000 of loans were in development loans. $12,481,000 of loans were in multifamily mortgage loans. $61,235,000 of loans were in 1-4 family mortgage loans. $1,786,000 of loans were in farm loans. $0 of loans were in credit card loans. $254,000 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 136 $35,503 $261,051
    Nonfarm, nonresidential loans - <$100k 33 $1,711 $51,848
    Nonfarm, nonresidential loans - $100-250k 38 $5,064 $133,263
    Nonfarm, nonresidential loans - $250k-1MM 65 $28,728 $441,969
    Commercial & Industrial, US addressed loans - <$1MM 234 $21,444 $91,641
    Commercial & Industrial, US addressed loans - <$100k 140 $3,545 $25,321
    Commercial & Industrial, US addressed loans - $100-250k 52 $5,165 $99,327
    Commercial & Industrial, US addressed loans - $250k-1MM 42 $12,734 $303,190
    Farmland loans - <$1MM 16 $1,884 $117,750
    Farmland loans - <$100k 6 $346 $57,667
    Farmland loans - $100-250k 7 $876 $125,143
    Farmland loans - $250k-1MM 3 $662 $220,667
    Agriculture operations loans - <$1MM 25 $1,786 $71,440
    Agriculture operations loans - <$100k 19 $534 $28,105
    Agriculture operations loans - $100-250k 4 $567 $141,750
    Agriculture operations loans - $250k-1MM 2 $685 $342,500