Windosr Federal Savings & Loan Association Mortgage Rates, Fees & Info

Windsor, CT

LEI: 549300MKO88C3VZKD418

Tax ID: 06-0592775

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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

    Windosr Federal Savings & Loan Association is a smaller mortgage company specializing in Home Purchase and Home Improvement loans. Windosr Federal Savings & Loan Association has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Hartford, Norwich, Boston, Springfield, and Torrington among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Windosr Federal Savings & Loan Association has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.

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    Originations

    190

    Origination Dollar Volume (All Markets)

    $46,550,000

    Employee count

    88

    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
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 177 $24,015,000 $135,678 $0 0.00%
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) 2 $20,350,000 $10,175,000 $0 0.00%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 2 $610,000 $305,000 $0 0.00%
    SPRINGFIELD, MA (FHA|USDA|VA) 4 $610,000 $152,500 $0 0.00%
    Torrington, CT (FHA|USDA|VA) 2 $460,000 $230,000 $0 0.00%
    WORCESTER, MA-CT (FHA|USDA|VA) 1 $255,000 $255,000 $0 0.00%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 2 $250,000 $125,000 $0 0.00%
    Windosr Federal Savings & Loan Association's top markets include Hartford, Norwich, Boston, Springfield, and Torrington among others.

    Their top states include:
  • Connecticut (FHA|USDA|VA)
  • Massachusetts (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 178 $44,180,000 $248,202 $0 0.00%
    FHA 12 $2,370,000 $197,500 $0 0.00%

    For 2018, Windosr Federal Savings & Loan Association's most frequently originated type of loan was Conventional, with 178 originations. Their 2nd most popular type was FHA, with 12 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 58 $7,710,000 $132,931 $0 0.00%
    Home Purchase 55 $12,135,000 $220,636 $0 0.00%
    Refi 29 $4,685,000 $161,552 $0 0.00%
    Home Improvement 24 $20,600,000 $858,333 $0 0.00%
    Other 24 $1,420,000 $59,167 $0 0.00%

    For 2018, Windosr Federal Savings & Loan Association's most frequently cited loan purpose was Cash Out Refi, with 58 originations. The 2nd most popular reason was Home Purchase, with 55 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 190 $46,550,000 $245,000 $0 0.00%

    For 2018, Windosr Federal Savings & Loan Association's most frequently cited loan duration was Other, with 190 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 80 $3,610,000 $45,125 $0 0.00%
    $100k-200k 64 $9,370,000 $146,406 $0 0.00%
    $200k-400k 37 $9,485,000 $256,351 $0 0.00%
    $400k-600k 5 $2,195,000 $439,000 $0 0.00%
    $600k-1MM 3 $2,145,000 $715,000 $0 0.00%
    $1MM+ 1 $19,745,000 $19,745,000 $0 0.00%

    2018 saw Windosr Federal Savings & Loan Association place emphasis on $100,000 or less loans with 80 originations, totaling $3,610,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 39 $4,625,000 $118,590 $0 0.00%
    $75k-100k 38 $5,200,000 $136,842 $0 0.00%
    $50k-75k 34 $4,190,000 $123,235 $0 0.00%
    $150k-250k 29 $5,225,000 $180,172 $0 0.00%
    $50k or less 25 $2,185,000 $87,400 $0 0.00%
    $250k+ 11 $2,535,000 $230,455 $0 0.00%

    Windosr Federal Savings & Loan Association lent most frequently to those with incomes in the $100k-150k range, with 39 originations. The second most popular income band? $75k-100k, with 38 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 190 $46,550,000 $245,000 $0 0.00%

    Windosr Federal Savings & Loan Association lent most frequently to those with DTI ratios of Exempt%, with 190 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 11 $22,305,000 $2,027,727 $0 0.00%
    White 145 $19,675,000 $135,690 $0 0.00%
    Black 29 $3,815,000 $131,552 $0 0.00%
    Asian 5 $755,000 $151,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    79.69%

    Windosr Federal Savings & Loan Association has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    92.63%

    Windosr Federal Savings & Loan Association has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 190 $46,550,000 $245,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $20,780,000 $5,195,000
    Single Family (1-4 Units):Site-Built 186 $25,770,000 $138,548

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Windsor Federal Savings and Loan Association 1 Shoham Road East Windsor, CT 6088 Full Service B&M $13,367
    Windsor Federal Savings and Loan Association 112 Mountain Road Suffield, CT 6078 Full Service B&M $23,027
    Windsor Federal Savings and Loan Association 200 Seabury Dr Apt 3152 Bloomfield, CT 6002 Limited, Mobile/Seasonal Office $7,822
    Windsor Federal Savings and Loan Association 21 Hartford Ave Granby, CT 6035 Full Service B&M $82,904
    Windsor Federal Savings and Loan Association 250 Broad St Windsor, CT 6095 Full Service B&M $134,711
    Windsor Federal Savings and Loan Association 321 Windsor Avenue Windsor, CT 6095 Full Service B&M $36,580
    Windsor Federal Savings and Loan Association 40 Loeffler Road Bloomfield, CT 6002 Limited, Mobile/Seasonal Office $2,751
    Windsor Federal Savings and Loan Association 5 Huckleberry Lane Bloomfield, CT 6002 Limited, Mobile/Seasonal Office $6
    Windsor Federal Savings and Loan Association 50 Sage Park Road Windsor, CT 6095 Limited, Mobile/Seasonal Office $48
    Windsor Federal Savings and Loan Association 54 Jerome Avenue Bloomfield, CT 6002 Full Service B&M $48,050
    Windsor Federal Savings and Loan Association 695 Poquonock Ave Windsor, CT 6095 Full Service B&M $39,993

    For 2018, Windosr Federal Savings & Loan Association had 11 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $17,416
    Net interest income $15,776
    Total noninterest income $2,234
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $730
    Trading account gains and fees $0
    Additional Noninterest Income $1,504
    Pre-tax net operating income $4,307
    Securities gains (or losses, -) $0
    Income before extraordinary items $3,478
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,478
    Minority interest net income $0
    Net income $3,478
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,478

    Windosr Federal Savings & Loan Association's gross interest income from loans was $17,416,000.
    Windosr Federal Savings & Loan Association's net interest income from loans was $15,776,000.
    Windosr Federal Savings & Loan Association's fee based income from loans was $730,000.
    Windosr Federal Savings & Loan Association's net income from loans was $3,478,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,640
    Provision for credit losses $39
    Total noninterest expense $13,664
    Salaries and employee benefits $8,249
    Premises and equipment expense $1,521
    Additional noninterest expense $3,894
    Applicable income taxes $829
    Net charge-offs $112
    Cash dividends $0

    Windosr Federal Savings & Loan Association's interest expense for loans was $1,640,000.
    Windosr Federal Savings & Loan Association's payroll and benefits expense were $8,249,000.
    Windosr Federal Savings & Loan Association's property, plant and equipment expenses $1,521,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 1.0%
    Multifamily residential loans 2.0%
    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 $414,104
    Deposits held in domestic offices $414,104
    Deposits by Individuals, partnerships, and corporations $390,643
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $23,347
    Deposits by Commercial banks and other depository institutions in U.S. $114
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $28,074
    Demand deposits $20,340
    Nontransaction accounts $386,030
    Money market deposit accounts (MMDAs) $87,322
    Other savings deposits (excluding MMDAs) $213,686
    Total time deposits $85,022
    Total time and savings deposits $393,764
    Noninterest-bearing deposits $104,166
    Interest-bearing deposits $309,938
    Retail deposits $395,294
    IRAs and Keogh plan accounts $14,175
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $514,545
    Cash & Balances due from depository institutions $6,680
    Interest-bearing balances $1,182
    Total securities $96,853
    Federal funds sold & reverse repurchase $122
    Net loans and leases $385,259
    Loan and leases loss allowance $3,102
    Trading account assets $0
    Bank premises and fixed assets $4,924
    Other real estate owned $0
    Goodwill and other intangibles $891
    All other assets $19,816

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $514,545
    Total Liabilities $456,557
    Total deposits $414,104
    Interest-bearing deposits $309,938
    Deposits held in domestic offices $414,104
    % insured (estimated) $80
    Federal funds purchased and repurchase agreements $9,121
    Trading liabilities $0
    Other borrowed funds $30,200
    Subordinated debt $0
    All other liabilities $3,132

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $385,259
    Loan and leases loss allowance $3,102
    Total loans and leases (domestic) $388,361
    All real estate loans $286,957
    Real estate loans in domestic offices $286,957
    Construction and development loans $12,998
    Residential 1-4 family construction $2,216
    Other construction, all land development and other land $10,782
    Loans secured by nonfarm nonresidential properties $103,814
    Nonfarm nonresidential secured by owner-occupied properties $51,579
    Commercial real estate & other non-farm, non-residential $52,235
    Multifamily residential real estate $10,635
    1-4 family residential loans $158,528
    Farmland loans $982
    Loans held in foreign offices $0
    Farm loans $124
    Commercial and industrial loans $35,149
    To non-U.S. addressees $0
    Loans to individuals $653
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $11
    Other loans to individuals $642
    All other loans & leases $65,478
    Loans to foreign governments and official institutions $0
    Other loans $65,478
    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 $5,753
    Non 1-4 family restructured loans & leases $4,035
    Total loans and leases (foreign) $0

    Windosr Federal Savings & Loan Association had $385,259,000 of loans outstanding in 2018. $286,957,000 of loans were in real estate loans. $12,998,000 of loans were in development loans. $10,635,000 of loans were in multifamily mortgage loans. $158,528,000 of loans were in 1-4 family mortgage loans. $124,000 of loans were in farm loans. $0 of loans were in credit card loans. $11,000 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 155 $41,759 $269,413
    Nonfarm, nonresidential loans - <$100k 13 $589 $45,308
    Nonfarm, nonresidential loans - $100-250k 48 $6,033 $125,688
    Nonfarm, nonresidential loans - $250k-1MM 94 $35,137 $373,798
    Commercial & Industrial, US addressed loans - <$1MM 176 $22,434 $127,466
    Commercial & Industrial, US addressed loans - <$100k 86 $4,002 $46,535
    Commercial & Industrial, US addressed loans - $100-250k 42 $4,917 $117,071
    Commercial & Industrial, US addressed loans - $250k-1MM 48 $13,515 $281,563
    Agriculture operations loans - <$1MM 1 $124 $124,000
    Agriculture operations loans - $250k-1MM 1 $124 $124,000