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 Home Purchase and Cash Out Refi 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

    90

    Origination Dollar Volume (All Markets)

    $10,110,000

    Employee count

    65

    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) 34 $4,920,000 $144,706 $0 0.00%
    Olean, NY (FHA|USDA|VA) 41 $3,765,000 $91,829 $0 0.00%
    BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 14 $1,220,000 $87,143 $0 0.00%
    Outside of Metro Areas 1 $205,000 $205,000 $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 90 $10,110,000 $112,333 $0 0.00%

    For 2019, Cattaraugus County Bank's most frequently originated type of loan was Conventional, with 90 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 42 $7,060,000 $168,095 $0 0.00%
    Cash Out Refi 41 $2,695,000 $65,732 $0 0.00%
    Refi 5 $315,000 $63,000 $0 0.00%
    Home Improvement 2 $40,000 $20,000 $0 0.00%

    For 2019, Cattaraugus County Bank's most frequently cited loan purpose was Home Purchase, with 42 originations. The 2nd most popular reason was Cash Out Refi, with 41 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 90 $10,110,000 $112,333 $0 0.00%

    For 2019, Cattaraugus County Bank's most frequently cited loan duration was Other, with 90 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 59 $2,625,000 $44,492 $0 0.00%
    $100k-200k 21 $2,795,000 $133,095 $0 0.00%
    $200k-400k 7 $1,865,000 $266,429 $0 0.00%
    $1MM+ 1 $1,765,000 $1,765,000 $0 0.00%
    $400k-600k 1 $405,000 $405,000 $0 0.00%
    $600k-1MM 1 $655,000 $655,000 $0 0.00%

    2019 saw Cattaraugus County Bank place emphasis on $100,000 or less loans with 59 originations, totaling $2,625,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 22 $960,000 $43,636 $0 0.00%
    $50k-75k 21 $1,365,000 $65,000 $0 0.00%
    $100k-150k 15 $1,655,000 $110,333 $0 0.00%
    $75k-100k 12 $1,120,000 $93,333 $0 0.00%
    $150k-250k 11 $1,655,000 $150,455 $0 0.00%
    $250k+ 5 $1,265,000 $253,000 $0 0.00%

    Cattaraugus County Bank lent most frequently to those with incomes in the $50k or less range, with 22 originations. The second most popular income band? $50k-75k, with 21 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 90 $10,110,000 $112,333 $0 0.00%

    Cattaraugus County Bank lent most frequently to those with DTI ratios of Exempt%, with 90 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 86 $9,800,000 $113,953 $0 0.00%
    Not applicable 2 $220,000 $110,000 $0 0.00%
    American Indian 1 $45,000 $45,000 $0 0.00%
    Native Hawaiian or Islander 1 $45,000 $45,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    83.62%

    Cattaraugus County Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    93.33%

    Cattaraugus County Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 90 $10,110,000 $112,333

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $2,090,000 $522,500
    Single Family (1-4 Units):Site-Built 86 $8,020,000 $93,256

    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 $63,357
    Cattaraugus County Bank 1165 Main Street Extension Dunkirk, NY 14048 Full Service B&M $22,793
    Cattaraugus County Bank 325 South Cascade Drive Springville, NY 14141 Full Service B&M $37,856
    Cattaraugus County Bank 42 Main Street Randolph, NY 14772 Full Service B&M $28,867
    Cattaraugus County Bank 517 Pine Street South Dayton, NY 14138 Full Service B&M $28,982
    Cattaraugus County Bank 550 Broad Street Salamanca, NY 14779 Full Service B&M $22,609
    Cattaraugus County Bank 870 Fairmount Avenue Jamestown, NY 14701 Full Service B&M $21,753

    For 2019, Cattaraugus County Bank had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $11,347
    Net interest income $9,707
    Total noninterest income $1,762
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $525
    Trading account gains and fees $0
    Additional Noninterest Income $1,237
    Pre-tax net operating income $2,269
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,837
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,837
    Minority interest net income $0
    Net income $1,837
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,837

    Cattaraugus County Bank's gross interest income from loans was $11,347,000.
    Cattaraugus County Bank's net interest income from loans was $9,707,000.
    Cattaraugus County Bank's fee based income from loans was $525,000.
    Cattaraugus County Bank's net income from loans was $1,837,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,640
    Provision for credit losses $350
    Total noninterest expense $8,850
    Salaries and employee benefits $4,532
    Premises and equipment expense $986
    Additional noninterest expense $3,332
    Applicable income taxes $432
    Net charge-offs $598
    Cash dividends $309

    Cattaraugus County Bank's interest expense for loans was $1,640,000.
    Cattaraugus County Bank's payroll and benefits expense were $4,532,000.
    Cattaraugus County Bank's property, plant and equipment expenses $986,000.

    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 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 $223,688
    Deposits held in domestic offices $223,688
    Deposits by Individuals, partnerships, and corporations $191,255
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $31,825
    Deposits by Commercial banks and other depository institutions in U.S. $608
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $89,835
    Demand deposits $41,666
    Nontransaction accounts $133,853
    Money market deposit accounts (MMDAs) $1,024
    Other savings deposits (excluding MMDAs) $99,160
    Total time deposits $33,668
    Total time and savings deposits $182,022
    Noninterest-bearing deposits $41,666
    Interest-bearing deposits $182,022
    Retail deposits $219,003
    IRAs and Keogh plan accounts $7,162
    Brokered deposits $53
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $251,672
    Cash & Balances due from depository institutions $10,182
    Interest-bearing balances $7,774
    Total securities $26,810
    Federal funds sold & reverse repurchase $0
    Net loans and leases $198,670
    Loan and leases loss allowance $2,671
    Trading account assets $0
    Bank premises and fixed assets $4,940
    Other real estate owned $30
    Goodwill and other intangibles $0
    All other assets $11,040

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $251,672
    Total Liabilities $228,839
    Total deposits $223,688
    Interest-bearing deposits $182,022
    Deposits held in domestic offices $223,688
    % insured (estimated) $85
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $5,151

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $198,670
    Loan and leases loss allowance $2,671
    Total loans and leases (domestic) $201,341
    All real estate loans $166,768
    Real estate loans in domestic offices $166,768
    Construction and development loans $10,110
    Residential 1-4 family construction $494
    Other construction, all land development and other land $9,616
    Loans secured by nonfarm nonresidential properties $72,619
    Nonfarm nonresidential secured by owner-occupied properties $43,962
    Commercial real estate & other non-farm, non-residential $28,657
    Multifamily residential real estate $23,637
    1-4 family residential loans $59,094
    Farmland loans $1,308
    Loans held in foreign offices $0
    Farm loans $3,257
    Commercial and industrial loans $27,409
    To non-U.S. addressees $0
    Loans to individuals $2,629
    Credit card loans $0
    Related Plans $943
    Consumer Auto Loans $312
    Other loans to individuals $1,374
    All other loans & leases $1,278
    Loans to foreign governments and official institutions $0
    Other loans $293
    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 $1,002
    Non 1-4 family restructured loans & leases $870
    Total loans and leases (foreign) $0

    Cattaraugus County Bank had $198,670,000 of loans outstanding in 2019. $166,768,000 of loans were in real estate loans. $10,110,000 of loans were in development loans. $23,637,000 of loans were in multifamily mortgage loans. $59,094,000 of loans were in 1-4 family mortgage loans. $3,257,000 of loans were in farm loans. $0 of loans were in credit card loans. $312,000 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 127 $32,800 $258,268
    Nonfarm, nonresidential loans - <$100k 29 $1,428 $49,241
    Nonfarm, nonresidential loans - $100-250k 39 $5,285 $135,513
    Nonfarm, nonresidential loans - $250k-1MM 59 $26,087 $442,153
    Commercial & Industrial, US addressed loans - <$1MM 236 $21,530 $91,229
    Commercial & Industrial, US addressed loans - <$100k 143 $3,365 $23,531
    Commercial & Industrial, US addressed loans - $100-250k 49 $4,753 $97,000
    Commercial & Industrial, US addressed loans - $250k-1MM 44 $13,412 $304,818
    Farmland loans - <$1MM 11 $1,308 $118,909
    Farmland loans - <$100k 4 $209 $52,250
    Farmland loans - $100-250k 4 $483 $120,750
    Farmland loans - $250k-1MM 3 $616 $205,333
    Agriculture operations loans - <$1MM 25 $1,845 $73,800
    Agriculture operations loans - <$100k 15 $301 $20,067
    Agriculture operations loans - $100-250k 8 $956 $119,500
    Agriculture operations loans - $250k-1MM 2 $588 $294,000