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

Windsor, CT

LEI: 549300MKO88C3VZKD418

Tax ID: 06-0592775

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

    Windosr Federal Savings & Loan Association is a smaller mortgage company specializing in Cash Out Refi, Refi, and Home Purchase loans. Windosr Federal Savings & Loan Association has a high proportion of conventional loans. Their top markets by origination volume include: Hartford, Providence, Norwich, Springfield, and New Haven among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

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

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    Originations

    241

    Origination Dollar Volume (All Markets)

    $51,935,000

    Employee count

    95

    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) 227 $44,245,000 $194,912 $0 0.00%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 3 $3,005,000 $1,001,667 $0 0.00%
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) 2 $1,320,000 $660,000 $0 0.00%
    SPRINGFIELD, MA (FHA|USDA|VA) 4 $1,310,000 $327,500 $0 0.00%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 2 $900,000 $450,000 $0 0.00%
    Torrington, CT (FHA|USDA|VA) 1 $675,000 $675,000 $0 0.00%
    PITTSFIELD, MA (FHA|USDA|VA) 1 $255,000 $255,000 $0 0.00%
    WORCESTER, MA-CT (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
    Windosr Federal Savings & Loan Association's top markets include Hartford, Providence, Norwich, Springfield, and New Haven among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 241 $51,935,000 $215,498 $0 0.00%

    For 2021, Windosr Federal Savings & Loan Association's most frequently originated type of loan was Conventional, with 241 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 104 $21,230,000 $204,135 $0 0.00%
    Refi 62 $11,370,000 $183,387 $0 0.00%
    Home Purchase 49 $15,995,000 $326,429 $0 0.00%
    Other 20 $1,880,000 $94,000 $0 0.00%
    Home Improvement 6 $1,460,000 $243,333 $0 0.00%

    For 2021, Windosr Federal Savings & Loan Association's most frequently cited loan purpose was Cash Out Refi, with 104 originations. The 2nd most popular reason was Refi, with 62 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 241 $51,935,000 $215,498 $0 0.00%

    For 2021, Windosr Federal Savings & Loan Association's most frequently cited loan duration was Other, with 241 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 110 $17,470,000 $158,818 $0 0.00%
    $200k-400k 77 $20,915,000 $271,623 $0 0.00%
    $100,000 or less 36 $2,100,000 $58,333 $0 0.00%
    $400k-600k 12 $5,640,000 $470,000 $0 0.00%
    $600k-1MM 4 $2,550,000 $637,500 $0 0.00%
    $1MM+ 2 $3,260,000 $1,630,000 $0 0.00%

    2021 saw Windosr Federal Savings & Loan Association place emphasis on $100k-200k loans with 110 originations, totaling $17,470,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 55 $8,955,000 $162,818 $0 0.00%
    $100k-150k 53 $10,895,000 $205,566 $0 0.00%
    $75k-100k 52 $9,000,000 $173,077 $0 0.00%
    $150k-250k 40 $10,310,000 $257,750 $0 0.00%
    $50k or less 21 $2,405,000 $114,524 $0 0.00%
    $250k+ 15 $8,085,000 $539,000 $0 0.00%

    Windosr Federal Savings & Loan Association lent most frequently to those with incomes in the $50k-75k range, with 55 originations. The second most popular income band? $100k-150k, with 53 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 241 $51,935,000 $215,498 $0 0.00%

    Windosr Federal Savings & Loan Association lent most frequently to those with DTI ratios of Exempt%, with 241 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 163 $34,715,000 $212,975 $0 0.00%
    Black 38 $6,490,000 $170,789 $0 0.00%
    Not provided 23 $5,215,000 $226,739 $0 0.00%
    Asian 11 $2,845,000 $258,636 $0 0.00%
    Not applicable 5 $2,285,000 $457,000 $0 0.00%
    American Indian 1 $385,000 $385,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.14%

    Windosr Federal Savings & Loan Association has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    85.89%

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

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 241 $51,935,000 $215,498

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    241 $51,935,000 $215,498

    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 $27,564
    Windsor Federal Savings and Loan Association 112 Mountain Road Suffield, CT 6078 Full Service B&M $62,200
    Windsor Federal Savings and Loan Association 152 Deming Street South Windsor, CT 6074 Full Service B&M $57,049
    Windsor Federal Savings and Loan Association 200 Seabury Dr Apt 3152 Bloomfield, CT 6002 Limited, Mobile/Seasonal Office $8,502
    Windsor Federal Savings and Loan Association 21 Hartford Ave Granby, CT 6035 Full Service B&M $121,781
    Windsor Federal Savings and Loan Association 250 Broad St Windsor, CT 6095 Full Service B&M $179,810
    Windsor Federal Savings and Loan Association 321 Windsor Avenue Windsor, CT 6095 Full Service B&M $52,099
    Windsor Federal Savings and Loan Association 40 Loeffler Road Bloomfield, CT 6002 Limited, Mobile/Seasonal Office $2,837
    Windsor Federal Savings and Loan Association 5 Huckleberry Lane Bloomfield, CT 6002 Limited, Mobile/Seasonal Office $17
    Windsor Federal Savings and Loan Association 50 Sage Park Road Windsor, CT 6095 Limited, Mobile/Seasonal Office $57
    Windsor Federal Savings and Loan Association 54 Jerome Avenue Bloomfield, CT 6002 Full Service B&M $61,901
    Windsor Federal Savings and Loan Association 695 Poquonock Ave Windsor, CT 6095 Full Service B&M $49,504

    For 2021, Windosr Federal Savings & Loan Association had 12 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $20,997
    Net interest income $20,257
    Total noninterest income $2,254
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $562
    Trading account gains and fees $0
    Additional Noninterest Income $1,692
    Pre-tax net operating income $4,960
    Securities gains (or losses, -) $0
    Income before extraordinary items $4,045
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,045
    Minority interest net income $0
    Net income $4,045
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,045

    Windosr Federal Savings & Loan Association's gross interest income from loans was $20,997,000.
    Windosr Federal Savings & Loan Association's net interest income from loans was $20,257,000.
    Windosr Federal Savings & Loan Association's fee based income from loans was $562,000.
    Windosr Federal Savings & Loan Association's net income from loans was $4,045,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $740
    Provision for credit losses $86
    Total noninterest expense $17,465
    Salaries and employee benefits $10,350
    Premises and equipment expense $2,163
    Additional noninterest expense $4,952
    Applicable income taxes $915
    Net charge-offs $-35
    Cash dividends $0

    Windosr Federal Savings & Loan Association's interest expense for loans was $740,000.
    Windosr Federal Savings & Loan Association's payroll and benefits expense were $10,350,000.
    Windosr Federal Savings & Loan Association's property, plant and equipment expenses $2,163,000.

    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 $651,942
    Deposits held in domestic offices $651,942
    Deposits by Individuals, partnerships, and corporations $627,397
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $24,049
    Deposits by Commercial banks and other depository institutions in U.S. $496
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $61,594
    Demand deposits $38,199
    Nontransaction accounts $590,348
    Money market deposit accounts (MMDAs) $143,515
    Other savings deposits (excluding MMDAs) $375,956
    Total time deposits $70,877
    Total time and savings deposits $613,743
    Noninterest-bearing deposits $216,321
    Interest-bearing deposits $435,621
    Retail deposits $635,934
    IRAs and Keogh plan accounts $12,618
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $739,576
    Cash & Balances due from depository institutions $87,106
    Interest-bearing balances $80,438
    Total securities $139,786
    Federal funds sold & reverse repurchase $4
    Net loans and leases $477,442
    Loan and leases loss allowance $3,866
    Trading account assets $0
    Bank premises and fixed assets $11,287
    Other real estate owned $0
    Goodwill and other intangibles $848
    All other assets $23,103

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $739,576
    Total Liabilities $668,930
    Total deposits $651,942
    Interest-bearing deposits $435,621
    Deposits held in domestic offices $651,942
    % insured (estimated) $71
    Federal funds purchased and repurchase agreements $12,873
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $4,115

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $477,442
    Loan and leases loss allowance $3,866
    Total loans and leases (domestic) $481,308
    All real estate loans $349,159
    Real estate loans in domestic offices $349,159
    Construction and development loans $23,221
    Residential 1-4 family construction $3,347
    Other construction, all land development and other land $19,874
    Loans secured by nonfarm nonresidential properties $153,789
    Nonfarm nonresidential secured by owner-occupied properties $64,930
    Commercial real estate & other non-farm, non-residential $88,859
    Multifamily residential real estate $12,213
    1-4 family residential loans $158,771
    Farmland loans $1,165
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $51,561
    To non-U.S. addressees $0
    Loans to individuals $388
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $0
    Other loans to individuals $388
    All other loans & leases $80,200
    Loans to foreign governments and official institutions $0
    Other loans $80,200
    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 $4,794
    Non 1-4 family restructured loans & leases $3,095
    Total loans and leases (foreign) $0

    Windosr Federal Savings & Loan Association had $477,442,000 of loans outstanding in 2021. $349,159,000 of loans were in real estate loans. $23,221,000 of loans were in development loans. $12,213,000 of loans were in multifamily mortgage loans. $158,771,000 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 176 $53,153 $302,006
    Nonfarm, nonresidential loans - <$100k 10 $413 $41,300
    Nonfarm, nonresidential loans - $100-250k 53 $6,652 $125,509
    Nonfarm, nonresidential loans - $250k-1MM 113 $46,088 $407,858
    Commercial & Industrial, US addressed loans - <$1MM 233 $31,923 $137,009
    Commercial & Industrial, US addressed loans - <$100k 127 $5,417 $42,654
    Commercial & Industrial, US addressed loans - $100-250k 45 $6,047 $134,378
    Commercial & Industrial, US addressed loans - $250k-1MM 61 $20,459 $335,393