Equitable Savings And Loan Association Mortgage Rates, Fees & Info

Sterling, CO

LEI: 549300KLGM1W030VUP23

Tax ID: 84-0435858

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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

    Equitable Savings And Loan Association is a smaller mortgage company specializing in Home Purchase loans. Equitable Savings And Loan Association has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Fort Collins, Sterling, Fort Morgan, Denver, and Greeley among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Equitable Savings And Loan Association has an average approval rate when compared to the average across all lenders. They have a below 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

    195

    Origination Dollar Volume (All Markets)

    $23,505,000

    Employee count

    54

    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
    Outside of Metro Areas 122 $13,940,000 $114,262 $0 0.00%
    FORT COLLINS, CO (FHA|USDA|VA) 17 $3,815,000 $224,412 $0 0.00%
    Sterling, CO (FHA|USDA|VA) 24 $2,220,000 $92,500 $0 0.00%
    Fort Morgan, CO (FHA|USDA|VA) 22 $2,110,000 $95,909 $0 0.00%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 4 $750,000 $187,500 $0 0.00%
    GREELEY, CO (FHA|USDA|VA) 5 $535,000 $107,000 $0 0.00%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
    Equitable Savings And Loan Association's top markets include Fort Collins, Sterling, Fort Morgan, Denver, and Greeley among others.

    Their top states include:
  • Colorado (FHA|USDA|VA)
  • Nebraska (FHA|USDA|VA)
  • Kansas (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 162 $20,970,000 $129,444 $0 0.00%
    USDA 22 $2,350,000 $106,818 $0 0.00%
    FHA 11 $185,000 $16,818 $0 0.00%

    For 2018, Equitable Savings And Loan Association's most frequently originated type of loan was Conventional, with 162 originations. Their 2nd most popular type was USDA, with 22 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 109 $13,945,000 $127,936 $0 0.00%
    Cash Out Refi 28 $3,460,000 $123,571 $0 0.00%
    Refi 26 $4,410,000 $169,615 $0 0.00%
    Home Improvement 18 $730,000 $40,556 $0 0.00%
    Other 14 $960,000 $68,571 $0 0.00%

    For 2018, Equitable Savings And Loan Association's most frequently cited loan purpose was Home Purchase, with 109 originations. The 2nd most popular reason was Cash Out Refi, with 28 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 195 $23,505,000 $120,538 $0 0.00%

    For 2018, Equitable Savings And Loan Association's most frequently cited loan duration was Other, with 195 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 94 $5,360,000 $57,021 $0 0.00%
    $100k-200k 71 $9,575,000 $134,859 $0 0.00%
    $200k-400k 27 $6,845,000 $253,519 $0 0.00%
    $400k-600k 2 $870,000 $435,000 $0 0.00%
    $600k-1MM 1 $855,000 $855,000 $0 0.00%

    2018 saw Equitable Savings And Loan Association place emphasis on $100,000 or less loans with 94 originations, totaling $5,360,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 60 $6,260,000 $104,333 $0 0.00%
    $50k or less 56 $4,540,000 $81,071 $0 0.00%
    $75k-100k 33 $4,485,000 $135,909 $0 0.00%
    $100k-150k 31 $5,125,000 $165,323 $0 0.00%
    $150k-250k 11 $1,315,000 $119,545 $0 0.00%
    $250k+ 4 $1,780,000 $445,000 $0 0.00%

    Equitable Savings And Loan Association lent most frequently to those with incomes in the $50k-75k range, with 60 originations. The second most popular income band? $50k or less, with 56 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 195 $23,505,000 $120,538 $0 0.00%

    Equitable Savings And Loan Association lent most frequently to those with DTI ratios of Exempt%, with 195 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 182 $21,950,000 $120,604 $0 0.00%
    Not provided 5 $565,000 $113,000 $0 0.00%
    American Indian 5 $495,000 $99,000 $0 0.00%
    Native Hawaiian or Islander 2 $340,000 $170,000 $0 0.00%
    Asian 1 $155,000 $155,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    83.77%

    Equitable Savings And Loan Association has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    80.51%

    Equitable Savings And Loan Association has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 195 $23,505,000 $120,538

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 9 $805,000 $89,444
    Single Family (1-4 Units):Site-Built 186 $22,700,000 $122,043

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Equitable Savings and Loan Association 120 Cedar Street Julesburg, CO 80737 Full Service B&M $12,330
    Equitable Savings and Loan Association 1420 Lowell Avenue Burlington, CO 80807 Full Service B&M $17,444
    Equitable Savings and Loan Association 201 Main Avenue Akron, CO 80720 Full Service B&M $5,653
    Equitable Savings and Loan Association 221 N 3rd St Sterling, CO 80751 Full Service B&M $30,895
    Equitable Savings and Loan Association 222 S. Main Street Yuma, CO 80759 Full Service B&M $9,118
    Equitable Savings and Loan Association 300 Clayton Street Brush, CO 80723 Full Service B&M $9,570
    Equitable Savings and Loan Association 300 E Horsetooth Rd Ste 102 Fort Collins, CO 80525 Full Service B&M $3,193
    Equitable Savings and Loan Association 300 Main Street Wray, CO 80758 Full Service B&M $6,137
    Equitable Savings and Loan Association 331 Main Street Fort Morgan, CO 80701 Full Service B&M $12,843
    Equitable Savings and Loan Association 888 Main Street Limon, CO 80828 Full Service B&M $18,875

    For 2018, Equitable Savings And Loan Association had 10 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $6,022
    Net interest income $5,187
    Total noninterest income $840
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $111
    Trading account gains and fees $0
    Additional Noninterest Income $729
    Pre-tax net operating income $1,179
    Securities gains (or losses, -) $0
    Income before extraordinary items $893
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $893
    Minority interest net income $0
    Net income $893
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $893

    Equitable Savings And Loan Association's gross interest income from loans was $6,022,000.
    Equitable Savings And Loan Association's net interest income from loans was $5,187,000.
    Equitable Savings And Loan Association's fee based income from loans was $111,000.
    Equitable Savings And Loan Association's net income from loans was $893,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $835
    Provision for credit losses $0
    Total noninterest expense $4,848
    Salaries and employee benefits $2,861
    Premises and equipment expense $549
    Additional noninterest expense $1,438
    Applicable income taxes $286
    Net charge-offs $26
    Cash dividends $750

    Equitable Savings And Loan Association's interest expense for loans was $835,000.
    Equitable Savings And Loan Association's payroll and benefits expense were $2,861,000.
    Equitable Savings And Loan Association's property, plant and equipment expenses $549,000.

    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 $129,194
    Deposits held in domestic offices $129,194
    Deposits by Individuals, partnerships, and corporations $124,353
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $4,840
    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 $31,333
    Demand deposits $8,565
    Nontransaction accounts $97,860
    Money market deposit accounts (MMDAs) $5,178
    Other savings deposits (excluding MMDAs) $35,035
    Total time deposits $57,647
    Total time and savings deposits $120,628
    Noninterest-bearing deposits $8,567
    Interest-bearing deposits $120,627
    Retail deposits $121,103
    IRAs and Keogh plan accounts $7,686
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $165,151
    Cash & Balances due from depository institutions $11,791
    Interest-bearing balances $8,700
    Total securities $6,022
    Federal funds sold & reverse repurchase $0
    Net loans and leases $144,826
    Loan and leases loss allowance $354
    Trading account assets $0
    Bank premises and fixed assets $930
    Other real estate owned $171
    Goodwill and other intangibles $318
    All other assets $1,093

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $165,151
    Total Liabilities $138,898
    Total deposits $129,194
    Interest-bearing deposits $120,627
    Deposits held in domestic offices $129,194
    % insured (estimated) $97
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $9,481
    Subordinated debt $0
    All other liabilities $223

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $144,826
    Loan and leases loss allowance $354
    Total loans and leases (domestic) $145,180
    All real estate loans $144,321
    Real estate loans in domestic offices $144,321
    Construction and development loans $204
    Residential 1-4 family construction $204
    Other construction, all land development and other land $0
    Loans secured by nonfarm nonresidential properties $13
    Nonfarm nonresidential secured by owner-occupied properties $13
    Commercial real estate & other non-farm, non-residential $0
    Multifamily residential real estate $0
    1-4 family residential loans $144,104
    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 $1,005
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $150
    Other loans to individuals $855
    All other loans & leases $6
    Loans to foreign governments and official institutions $0
    Other loans $6
    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

    EQUITABLE SAVINGS AND LOAN ASSOCIATION had $144,826,000 of loans outstanding in 2018. $144,321,000 of loans were in real estate loans. $204,000 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $144,104,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $150,000 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 1 $13 $13,000
    Nonfarm, nonresidential loans - $100-250k 1 $13 $13,000