Cattaraugus County Bank Mortgage Rates, Fees & Info

Little Valley, NY

LEI: 549300JEHXW73XYX6533

Tax ID: 16-0377180

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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

    113

    Origination Dollar Volume (All Markets)

    $19,145,000

    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) 51 $7,855,000 $154,020 $0 0.00%
    Olean, NY (FHA|USDA|VA) 44 $7,650,000 $173,864 $0 0.00%
    BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 17 $3,475,000 $204,412 $0 0.00%
    Outside of Metro Areas 1 $165,000 $165,000 $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 113 $19,145,000 $169,425 $0 0.00%

    For 2021, Cattaraugus County Bank's most frequently originated type of loan was Conventional, with 113 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 53 $9,955,000 $187,830 $0 0.00%
    Cash Out Refi 50 $7,710,000 $154,200 $0 0.00%
    Refi 10 $1,480,000 $148,000 $0 0.00%

    For 2021, Cattaraugus County Bank's most frequently cited loan purpose was Home Purchase, with 53 originations. The 2nd most popular reason was Cash Out Refi, with 50 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 113 $19,145,000 $169,425 $0 0.00%

    For 2021, Cattaraugus County Bank's most frequently cited loan duration was Other, with 113 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 48 $6,720,000 $140,000 $0 0.00%
    $100,000 or less 34 $1,950,000 $57,353 $0 0.00%
    $200k-400k 26 $6,650,000 $255,769 $0 0.00%
    $400k-600k 3 $1,665,000 $555,000 $0 0.00%
    $1MM+ 2 $2,160,000 $1,080,000 $0 0.00%

    2021 saw Cattaraugus County Bank place emphasis on $100k-200k loans with 48 originations, totaling $6,720,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 28 $3,280,000 $117,143 $0 0.00%
    $100k-150k 20 $3,000,000 $150,000 $0 0.00%
    $50k or less 17 $1,085,000 $63,824 $0 0.00%
    $150k-250k 16 $3,280,000 $205,000 $0 0.00%
    $75k-100k 14 $2,030,000 $145,000 $0 0.00%
    $250k+ 11 $3,505,000 $318,636 $0 0.00%

    Cattaraugus County Bank lent most frequently to those with incomes in the $50k-75k range, with 28 originations. The second most popular income band? $100k-150k, with 20 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 113 $19,145,000 $169,425 $0 0.00%

    Cattaraugus County Bank lent most frequently to those with DTI ratios of Exempt%, with 113 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 105 $16,025,000 $152,619 $0 0.00%
    Not applicable 7 $2,965,000 $423,571 $0 0.00%
    American Indian 1 $155,000 $155,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    87.94%

    Cattaraugus County Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    90.27%

    Cattaraugus County Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 113 $19,145,000 $169,425

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    113 $19,145,000 $169,425

    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 $74,233
    Cattaraugus County Bank 1165 Main Street Extension Dunkirk, NY 14048 Full Service B&M $32,578
    Cattaraugus County Bank 325 South Cascade Drive Springville, NY 14141 Full Service B&M $48,675
    Cattaraugus County Bank 42 Main Street Randolph, NY 14772 Full Service B&M $34,593
    Cattaraugus County Bank 517 Pine Street South Dayton, NY 14138 Full Service B&M $33,543
    Cattaraugus County Bank 550 Broad Street Salamanca, NY 14779 Full Service B&M $31,512
    Cattaraugus County Bank 870 Fairmount Avenue Jamestown, NY 14701 Full Service B&M $33,162

    For 2021, Cattaraugus County Bank had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $10,369
    Net interest income $9,533
    Total noninterest income $1,837
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $397
    Trading account gains and fees $0
    Additional Noninterest Income $1,440
    Pre-tax net operating income $1,730
    Securities gains (or losses, -) $-319
    Income before extraordinary items $1,114
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,114
    Minority interest net income $0
    Net income $1,114
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,366

    Cattaraugus County Bank's gross interest income from loans was $10,369,000.
    Cattaraugus County Bank's net interest income from loans was $9,533,000.
    Cattaraugus County Bank's fee based income from loans was $397,000.
    Cattaraugus County Bank's net income from loans was $1,114,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $836
    Provision for credit losses $-180
    Total noninterest expense $9,820
    Salaries and employee benefits $4,949
    Premises and equipment expense $1,181
    Additional noninterest expense $3,690
    Applicable income taxes $297
    Net charge-offs $-32
    Cash dividends $229

    Cattaraugus County Bank's interest expense for loans was $836,000.
    Cattaraugus County Bank's payroll and benefits expense were $4,949,000.
    Cattaraugus County Bank's property, plant and equipment expenses $1,181,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    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 1.0%
    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 $288,162
    Deposits held in domestic offices $288,162
    Deposits by Individuals, partnerships, and corporations $262,037
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $24,836
    Deposits by Commercial banks and other depository institutions in U.S. $1,289
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $143,279
    Demand deposits $75,755
    Nontransaction accounts $144,883
    Money market deposit accounts (MMDAs) $12,609
    Other savings deposits (excluding MMDAs) $118,468
    Total time deposits $13,806
    Total time and savings deposits $212,407
    Noninterest-bearing deposits $75,755
    Interest-bearing deposits $212,407
    Retail deposits $286,033
    IRAs and Keogh plan accounts $7,263
    Brokered deposits $53
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $331,756
    Cash & Balances due from depository institutions $17,999
    Interest-bearing balances $14,469
    Total securities $112,427
    Federal funds sold & reverse repurchase $0
    Net loans and leases $183,255
    Loan and leases loss allowance $3,252
    Trading account assets $0
    Bank premises and fixed assets $5,556
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $12,519

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $331,756
    Total Liabilities $298,128
    Total deposits $288,162
    Interest-bearing deposits $212,407
    Deposits held in domestic offices $288,162
    % insured (estimated) $84
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $5,000
    Subordinated debt $0
    All other liabilities $4,966

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $183,255
    Loan and leases loss allowance $3,252
    Total loans and leases (domestic) $186,507
    All real estate loans $164,025
    Real estate loans in domestic offices $164,025
    Construction and development loans $4,340
    Residential 1-4 family construction $613
    Other construction, all land development and other land $3,727
    Loans secured by nonfarm nonresidential properties $91,218
    Nonfarm nonresidential secured by owner-occupied properties $36,388
    Commercial real estate & other non-farm, non-residential $54,830
    Multifamily residential real estate $17,238
    1-4 family residential loans $49,444
    Farmland loans $1,785
    Loans held in foreign offices $0
    Farm loans $3,176
    Commercial and industrial loans $15,579
    To non-U.S. addressees $0
    Loans to individuals $2,300
    Credit card loans $0
    Related Plans $949
    Consumer Auto Loans $398
    Other loans to individuals $953
    All other loans & leases $1,427
    Loans to foreign governments and official institutions $0
    Other loans $519
    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 $3,368
    Non 1-4 family restructured loans & leases $3,257
    Total loans and leases (foreign) $0

    Cattaraugus County Bank had $183,255,000 of loans outstanding in 2021. $164,025,000 of loans were in real estate loans. $4,340,000 of loans were in development loans. $17,238,000 of loans were in multifamily mortgage loans. $49,444,000 of loans were in 1-4 family mortgage loans. $3,176,000 of loans were in farm loans. $0 of loans were in credit card loans. $398,000 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 125 $33,962 $271,696
    Nonfarm, nonresidential loans - <$100k 21 $1,243 $59,190
    Nonfarm, nonresidential loans - $100-250k 39 $5,452 $139,795
    Nonfarm, nonresidential loans - $250k-1MM 65 $27,267 $419,492
    Commercial & Industrial, US addressed loans - <$1MM 200 $13,111 $65,555
    Commercial & Industrial, US addressed loans - <$100k 121 $2,712 $22,413
    Commercial & Industrial, US addressed loans - $100-250k 41 $3,593 $87,634
    Commercial & Industrial, US addressed loans - $250k-1MM 38 $6,806 $179,105
    Farmland loans - <$1MM 9 $1,017 $113,000
    Farmland loans - <$100k 3 $166 $55,333
    Farmland loans - $100-250k 4 $461 $115,250
    Farmland loans - $250k-1MM 2 $390 $195,000
    Agriculture operations loans - <$1MM 16 $1,145 $71,563
    Agriculture operations loans - <$100k 9 $194 $21,556
    Agriculture operations loans - $100-250k 6 $551 $91,833
    Agriculture operations loans - $250k-1MM 1 $400 $400,000