El Dorado Savings Bank F.s.b. Mortgage Rates, Fees & Info

Placerville, CA

LEI: 549300KLBHBLTPBU7507

Tax ID: 94-1400676

5 stars - out of 5 stars, based on 25 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

El Dorado Savings Bank F.s.b. is a smaller bank specializing in Refi loans. El Dorado Savings Bank F.s.b. has a high proportion of conventional loans. Their top markets include Sacramento, Truckee, Sonora, Gardnerville Ranchos, and Reno among others. El Dorado Savings Bank F.s.b. has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. El Dorado Savings Bank F.s.b. is typically a low fee lendor.


Originations

629

Origination Dollar Volume (All Markets)

$154,215,000

Employee count

267 Show all (9) awards

Relative Rate

El Dorado Savings Bank F.s.b.'s average 30 year fixed rate mortgage of loans were 2.86%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.29%.

Relative Fees

El Dorado Savings Bank F.s.b.'s average total fees for a 30 year fixed rate mortgage are $3,095.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 383 $99,775,000 $260,509 $3,091 2.65%
Outside of Metro Areas 143 $29,355,000 $205,280 $3,086 2.63%
Truckee-Grass Valley, CA (FHA|USDA|VA) 42 $10,770,000 $256,429 $3,013 2.68%
Sonora, CA (FHA|USDA|VA) 31 $7,655,000 $246,935 $3,347 2.73%
Gardnerville Ranchos, NV (FHA|USDA|VA) 16 $3,190,000 $199,375 $2,815 2.74%
RENO, NV (FHA|USDA|VA) 8 $2,250,000 $281,250 $2,356 2.69%
CARSON CITY, NV (FHA|USDA|VA) 5 $1,065,000 $213,000 $1,943 3.03%
Fernley, NV (FHA|USDA|VA) 1 $155,000 $155,000 $2,911 2.75%

El Dorado Savings Bank F.s.b.'s top markets include Sacramento, Truckee, Sonora, Gardnerville Ranchos, and Reno among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 629 $154,215,000 $245,175 $3,071 2.66%

For the 2021 period, El Dorado Savings Bank F.s.b.'s most frequently originated loan type of loans were Conventional, with 629 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 559 $137,285,000 $245,590 $3,054 2.65%
Home Purchase 36 $9,300,000 $258,333 $3,372 2.69%
Home Improvement 20 $4,440,000 $222,000 $3,100 2.79%
Other 14 $3,190,000 $227,857 $2,938 2.67%

For the 2021, El Dorado Savings Bank F.s.b.'s most frequently cited loan purpose of loans were Refi, with 559 originations. The 2nd most popular reason of loans were Home Purchase, with 36 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 331 $88,105,000 $266,178 $3,095 2.86%
15 Year 156 $34,830,000 $223,269 $3,098 2.45%
20 Year 74 $17,220,000 $232,703 $3,225 2.59%
10 Year 60 $13,140,000 $219,000 $2,862 2.25%
5 Year 8 $920,000 $115,000 $1,693 2.23%

For the 2021, El Dorado Savings Bank F.s.b.'s most frequently cited loan length of loans were 30 Year, with 331 originations. The 2nd most popular length of loans were 15 Year, with 156 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 328 $81,690,000 $249,055
$2k-3k 103 $21,815,000 $211,796
$1k-2k 92 $11,050,000 $120,109
$3k-4k 87 $29,035,000 $333,736
$5k+ 19 $10,625,000 $559,211

$3,095 of loans were El Dorado Savings Bank F.s.b.'s average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 328 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 350 $89,550,000 $255,857
<2.5% 234 $52,530,000 $224,487
3-4% 44 $11,940,000 $271,364
4-5% 1 $195,000 $195,000

During 2021, El Dorado Savings Bank F.s.b.'s average interest rate of loans were 2.86%, while their most frequently originated rate bucket of loans were 2.5-3%, with 350 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 292 $80,610,000 $276,062 $3,287 2.67%
$100k-200k 187 $27,695,000 $148,102 $2,521 2.63%
$100,000 or less 72 $5,120,000 $71,111 $1,962 2.61%
$400k-600k 59 $27,535,000 $466,695 $4,546 2.75%
$600k-1MM 19 $13,255,000 $697,632 $4,795 2.65%

2021 saw El Dorado Savings Bank F.s.b. place emphasis on $200k-400k loans with 292 originations, totaling $80,610,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 144 $38,520,000 $267,500 $3,040 2.66%
$50k-75k 117 $24,285,000 $207,564 $2,956 2.70%
$50k or less 109 $16,755,000 $153,716 $2,453 2.74%
$75k-100k 97 $20,525,000 $211,598 $2,786 2.65%
$150k-250k 91 $29,045,000 $319,176 $3,839 2.57%
$250k+ 54 $22,240,000 $411,852 $4,142 2.54%

El Dorado Savings Bank F.s.b. lent most frequently to those with incomes in the $100k-150k range, with 144 originations. The second most popular income band? $50k-75k, with 117 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 207 $49,055,000 $236,981 $3,098 2.63%
<20% 139 $30,365,000 $218,453 $3,034 2.61%
30-36% 90 $23,210,000 $257,889 $3,146 2.65%
50-60% 29 $8,265,000 $285,000 $2,839 2.79%
>60% 25 $7,595,000 $303,800 $3,400 2.73%
39% 14 $3,660,000 $261,429 $2,785 2.76%
40% 14 $3,660,000 $261,429 $2,936 2.80%
37% 13 $3,255,000 $250,385 $3,164 2.53%
41% 13 $3,905,000 $300,385 $3,354 2.79%
42% 12 $3,070,000 $255,833 $3,241 2.60%
43% 12 $3,150,000 $262,500 $2,661 2.88%
38% 10 $2,630,000 $263,000 $2,782 2.53%
36% 10 $2,550,000 $255,000 $2,882 2.74%
48% 9 $2,395,000 $266,111 $3,232 2.57%
45% 9 $2,245,000 $249,444 $3,074 2.79%
47% 8 $1,650,000 $206,250 $3,003 2.63%
44% 7 $1,785,000 $255,000 $2,662 2.89%
49% 4 $1,070,000 $267,500 $3,144 2.66%
46% 2 $390,000 $195,000 $3,800 2.38%

El Dorado Savings Bank F.s.b. lent most frequently to those with DTI ratios of 20-30%, with 207 originations. The next most common DTI ratio? <20%, with 139 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 564 $135,140,000 $239,610 $3,064 2.66%
Not provided 39 $11,825,000 $303,205 $3,111 2.62%
Asian 10 $2,690,000 $269,000 $3,504 2.75%
Black 3 $865,000 $288,333 $4,044 2.79%
Chinese 2 $760,000 $380,000 $2,000 2.88%
American Indian 2 $670,000 $335,000 $2,181 2.56%
Other Asian 2 $580,000 $290,000 $3,331 2.25%
Vietnamese 1 $505,000 $505,000 $2,585 2.50%
Korean 1 $425,000 $425,000 $2,243 2.50%
Not applicable 2 $310,000 $155,000 $3,213 3.69%
1 $275,000 $275,000 $5,044 2.25%
Japanese 1 $95,000 $95,000 $1,656 2.13%
Filipino 1 $75,000 $75,000 $2,354 2.13%

Approval Rates

Total approvals of all applications
90.04%

El Dorado Savings Bank F.s.b. has an average approval rate.

Pick Rate

Approvals leading to origination
89.20%

El Dorado Savings Bank F.s.b. has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 629 $154,215,000 $245,175

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
629 $154,215,000 $245,175

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 195 $36,425,000 $186,795 $2,523 2.60%
40-60% 223 $62,225,000 $279,036 $3,366 2.70%
60-80% 140 $47,710,000 $340,786 $3,857 2.73%
80-100% 2 $500,000 $250,000 $2,274 2.69%
Under 20% 69 $7,355,000 $106,594 $2,098 2.55%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
El Dorado Savings Bank, F.S.B. 1036 Al Tahoe Blvd South Lake Tahoe, CA 96150 Full Service B&M $81,378
El Dorado Savings Bank, F.S.B. 3788 Us Highway 395 S Carson City, NV 89705 Full Service B&M $36,238
El Dorado Savings Bank, F.S.B. 3963 Park Dr El Dorado Hills, CA 95762 Full Service B&M $111,302
El Dorado Savings Bank, F.S.B. 400 N Main Street Lone Pine, CA 93545 Full Service B&M $67,852
El Dorado Savings Bank, F.S.B. 4040 El Dorado Road Placerville, CA 95667 Full Service B&M $141,724
El Dorado Savings Bank, F.S.B. 4060 Cameron Park Dr Cameron Park, CA 95682 Full Service B&M $107,633
El Dorado Savings Bank, F.S.B. 460 State Highway 49 Sutter Creek, CA 95685 Full Service B&M $68,869
El Dorado Savings Bank, F.S.B. 4701 Manzanita Ave Carmichael, CA 95608 Full Service B&M $65,539
El Dorado Savings Bank, F.S.B. 4768 J Street Sacramento, CA 95819 Full Service B&M $95,280
El Dorado Savings Bank, F.S.B. 515 N Main St Bishop, CA 93514 Full Service B&M $50,861
El Dorado Savings Bank, F.S.B. 5235 Vista Blvd Sparks, NV 89436 Full Service B&M $20,608
El Dorado Savings Bank, F.S.B. 5500 Folsom Blvd Sacramento, CA 95819 Full Service B&M $79,831
El Dorado Savings Bank, F.S.B. 6310 Hwy 193 Georgetown, CA 95634 Full Service B&M $80,024
El Dorado Savings Bank, F.S.B. 6462 Pony Express Trl Pollock Pines, CA 95726 Full Service B&M $59,208
El Dorado Savings Bank, F.S.B. 694 Pleasant Valley Rd Ste 3 Diamond Springs, CA 95619 Full Service B&M $56,148
El Dorado Savings Bank, F.S.B. 10130 Woodridge Dr Auburn, CA 95602 Full Service B&M $69,532
El Dorado Savings Bank, F.S.B. 7248 Murieta Drive B2 Rancho Murieta, CA 95683 Full Service B&M $101,601
El Dorado Savings Bank, F.S.B. 740 North Lake Blvd Tahoe City, CA 96145 Full Service B&M $50,026
El Dorado Savings Bank, F.S.B. 7895 Lichen Dr Citrus Heights, CA 95621 Full Service B&M $40,512
El Dorado Savings Bank, F.S.B. 8973 Grant Line Rd Ste 103 Elk Grove, CA 95624 Full Service B&M $41,752
El Dorado Savings Bank, F.S.B. 9003 Elk Grove Blvd Elk Grove, CA 95624 Full Service B&M $65,335
El Dorado Savings Bank, F.S.B. 942 Emerald Bay Rd South Lake Tahoe, CA 96150 Full Service B&M $101,673
El Dorado Savings Bank, F.S.B. 1227 Oak Ct Arnold, CA 95223 Full Service B&M $85,177
El Dorado Savings Bank, F.S.B. 135 Main St Jackson, CA 95642 Full Service B&M $63,771
El Dorado Savings Bank, F.S.B. 1517 Us 395 N Gardnerville, NV 89410 Full Service B&M $54,906
El Dorado Savings Bank, F.S.B. 1751 E Main St Grass Valley, CA 95945 Full Service B&M $70,467
El Dorado Savings Bank, F.S.B. 18726 State Highway 49 Plymouth, CA 95669 Full Service B&M $53,776
El Dorado Savings Bank, F.S.B. 20146 Highway 88 Pine Grove, CA 95665 Full Service B&M $54,845
El Dorado Savings Bank, F.S.B. 206 E St Charles San Andreas, CA 95249 Full Service B&M $63,153
El Dorado Savings Bank, F.S.B. 22900 Twain Harte Drive Twain Harte, CA 95383 Full Service B&M $71,498
El Dorado Savings Bank, F.S.B. 245 Tom Bell Rd Murphys, CA 95247 Full Service B&M $84,448
El Dorado Savings Bank, F.S.B. 247 Main St. Placerville, CA 95667 Full Service B&M $47,709
El Dorado Savings Bank, F.S.B. 276 Kingsbury Grade Ste 1000 Stateline, NV 89449 Full Service B&M $35,378
El Dorado Savings Bank, F.S.B. 2888 Ray Lawyer Dr Placerville, CA 95667 Full Service B&M $91,332
El Dorado Savings Bank, F.S.B. 300 E Bidwell St Folsom, CA 95630 Full Service B&M $56,678

For 2021, El Dorado Savings Bank F.s.b. had 35 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $42,663
Net interest income $38,412
Total noninterest income $8,717
Gross Fiduciary activities income $0
Service charges on deposit accounts $2,398
Trading account gains and fees $0
Additional Noninterest Income $6,319
Pre-tax net operating income $10,275
Securities gains (or losses, -) $-19
Income before extraordinary items $9,413
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $9,413
Minority interest net income $0
Net income $9,413
Sale, conversion, retirement of capital stock, net $-504
Net operating income $9,430

El Dorado Savings Bank F.s.b.'s gross interest income from loans was $42,663,000.
El Dorado Savings Bank F.s.b.'s net interest income from loans was $38,412,000.
El Dorado Savings Bank F.s.b.'s fee based income from loans was $2,398,000.
El Dorado Savings Bank F.s.b.'s net income from loans was $9,413,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $4,251
Provision for credit losses $150
Total noninterest expense $36,704
Salaries and employee benefits $18,666
Premises and equipment expense $5,086
Additional noninterest expense $12,952
Applicable income taxes $843
Net charge-offs $58
Cash dividends $3,449

El Dorado Savings Bank F.s.b.'s interest expense for loans was $4,251,000.
El Dorado Savings Bank F.s.b.'s payroll and benefits expense were $18,666,000.
El Dorado Savings Bank F.s.b.'s property, plant and equipment expenses $5,086,000.

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 2.0%
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 $2,561,638
Deposits held in domestic offices $2,561,638
Deposits by Individuals, partnerships, and corporations $2,551,183
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $10,455
Deposits by Commercial banks and other depository institutions in U.S. $0
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $1,180,304
Demand deposits $396,281
Nontransaction accounts $1,381,334
Money market deposit accounts (MMDAs) $538,979
Other savings deposits (excluding MMDAs) $461,296
Total time deposits $381,059
Total time and savings deposits $2,165,357
Noninterest-bearing deposits $396,281
Interest-bearing deposits $2,165,357
Retail deposits $2,489,185
IRAs and Keogh plan accounts $63,867
Brokered deposits $0
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $2,841,533
Cash & Balances due from depository institutions $598,143
Interest-bearing balances $574,918
Total securities $1,618,675
Federal funds sold & reverse repurchase $0
Net loans and leases $556,356
Loan and leases loss allowance $6,186
Trading account assets $0
Bank premises and fixed assets $23,587
Other real estate owned $0
Goodwill and other intangibles $166
All other assets $44,606

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $2,841,533
Total Liabilities $2,576,916
Total deposits $2,561,638
Interest-bearing deposits $2,165,357
Deposits held in domestic offices $2,561,638
% insured (estimated) $86
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $15,278

Issued Loan Types

Type Value (in 000's)
Net loans and leases $556,356
Loan and leases loss allowance $6,186
Total loans and leases (domestic) $562,542
All real estate loans $562,333
Real estate loans in domestic offices $562,333
Construction and development loans $183
Residential 1-4 family construction $0
Other construction, all land development and other land $183
Loans secured by nonfarm nonresidential properties $3,197
Nonfarm nonresidential secured by owner-occupied properties $1,538
Commercial real estate & other non-farm, non-residential $1,659
Multifamily residential real estate $63
1-4 family residential loans $558,890
Farmland loans $0
Loans held in foreign offices $0
Farm loans $0
Commercial and industrial loans $0
To non-U.S. addressees $0
Loans to individuals $26
Credit card loans $0
Related Plans $0
Consumer Auto Loans $0
Other loans to individuals $26
All other loans & leases $184
Loans to foreign governments and official institutions $0
Other loans $184
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 $2,449
Non 1-4 family restructured loans & leases $315
Total loans and leases (foreign) $0

El Dorado Savings Bank F.S.B. had $556,356,000 of loans outstanding in 2021. $562,333,000 of loans were in real estate loans. $183,000 of loans were in development loans. $63,000 of loans were in multifamily mortgage loans. $558,890,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $0 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 32 $3,197 $99,906
Nonfarm, nonresidential loans - <$100k 11 $454 $41,273
Nonfarm, nonresidential loans - $100-250k 17 $1,668 $98,118
Nonfarm, nonresidential loans - $250k-1MM 4 $1,075 $268,750