Eagle Savings Bank Mortgage Rates, Fees & Info
Cincinnati, OHLEI: 549300O12EJ1HE3YIK24
Tax ID: 31-0411290
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Overview
Eagle Savings Bank is a smaller bank specializing in Home Purchase, Refi, and Cash Out Refi loans. Eagle Savings Bank has a high proportion of conventional loans. Their top markets include Cincinnati, Virginia Beach, Austin, Knoxville, and Tampa among others. Eagle Savings Bank 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. Eagle Savings Bank is typically a low fee lendor.Originations
559Origination Dollar Volume (All Markets)
$134,125,000Employee count
43Awards
Eagle Savings Bank - 2021
Eagle Savings Bank is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
Eagle Savings Bank's average 30 year fixed rate mortgage of loans were
3%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.15%.
Relative Fees
Eagle Savings Bank's average total fees for a 30 year fixed rate
mortgage are $2,567.
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 |
|---|---|---|---|---|---|
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 523 | $125,025,000 | $239,054 | $2,465 | 2.93% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 11 | $2,945,000 | $267,727 | $2,609 | 2.74% |
| Outside of Metro Areas | 4 | $830,000 | $207,500 | $2,747 | 2.69% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 4 | $760,000 | $190,000 | $2,800 | 2.53% |
| KNOXVILLE, TN (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $3,245 | 3.19% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $4,149 | 3.38% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $7,753 | 3.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $2,850 | 3.25% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $3,180 | 3.13% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $2,665 | 3.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $2,013 | 2.88% |
| Chillicothe, OH (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,305 | 3.00% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 2 | $260,000 | $130,000 | $2,857 | 3.06% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,727 | 2.75% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $1,970 | 2.50% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $7,216 | 3.00% |
| LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,180 | 2.75% |
| HINESVILLE, GA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,525 | 3.00% |
Eagle Savings Bank's top markets include Cincinnati, Virginia Beach, Austin, Knoxville, and Tampa among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 559 | $134,125,000 | $239,937 | $2,500 | 2.92% |
For the 2021 period, Eagle Savings Bank's most frequently originated loan type of loans were Conventional, with 559 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Home Purchase | 265 | $67,325,000 | $254,057 | $2,603 | 3.01% |
| Refi | 161 | $36,555,000 | $227,050 | $2,377 | 2.67% |
| Cash Out Refi | 133 | $30,245,000 | $227,406 | $2,451 | 3.05% |
For the 2021, Eagle Savings Bank's most frequently cited loan purpose of loans were Home Purchase, with 265 originations. The 2nd most popular reason of loans were Refi, with 161 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 407 | $100,325,000 | $246,499 | $2,567 | 3.00% |
| 15 Year | 107 | $20,205,000 | $188,832 | $2,437 | 2.38% |
| Other | 21 | $4,755,000 | $226,429 | $1,070 | 4.04% |
| 20 Year | 11 | $2,525,000 | $229,545 | $2,947 | 3.07% |
| 30+ year | 7 | $4,835,000 | $690,714 | $5,423 | 3.32% |
| 10 Year | 3 | $575,000 | $191,667 | $1,214 | 2.42% |
| 5 Year | 2 | $540,000 | $270,000 | $1,866 | 3.75% |
| 1 Year | 1 | $365,000 | $365,000 | $0 | 4.00% |
For the 2021, Eagle Savings Bank's most frequently cited loan length of loans were 30 Year, with 407 originations. The 2nd most popular length of loans were 15 Year, with 107 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 411 | $94,825,000 | $230,718 |
| $1k-2k | 116 | $25,860,000 | $222,931 |
| $2k-3k | 21 | $8,505,000 | $405,000 |
| $3k-4k | 9 | $3,725,000 | $413,889 |
| $5k+ | 1 | $265,000 | $265,000 |
$2,567 of loans were Eagle Savings Bank's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 411 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 294 | $72,880,000 | $247,891 |
| 3-4% | 130 | $35,010,000 | $269,308 |
| <2.5% | 120 | $22,710,000 | $189,250 |
| 4-5% | 13 | $2,475,000 | $190,385 |
| 5-6% | 1 | $105,000 | $105,000 |
During 2021, Eagle Savings Bank's average interest rate of loans were 3.00%, while their most frequently originated rate bucket of loans were 2.5-3%, with 294 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 225 | $61,635,000 | $273,933 | $2,629 | 2.89% |
| $100k-200k | 220 | $33,340,000 | $151,545 | $2,358 | 2.94% |
| $100,000 or less | 50 | $3,970,000 | $79,400 | $2,104 | 2.89% |
| $400k-600k | 49 | $23,235,000 | $474,184 | $3,034 | 2.98% |
| $600k-1MM | 15 | $11,945,000 | $796,333 | $2,313 | 3.21% |
2021 saw Eagle Savings Bank place emphasis on $200k-400k loans with 225 originations, totaling $61,635,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 157 | $39,015,000 | $248,503 | $2,440 | 2.96% |
| $50k-75k | 109 | $18,335,000 | $168,211 | $2,442 | 2.94% |
| $150k-250k | 107 | $33,935,000 | $317,150 | $2,578 | 2.88% |
| $75k-100k | 89 | $17,075,000 | $191,854 | $2,507 | 2.91% |
| $50k or less | 59 | $7,515,000 | $127,373 | $2,434 | 2.87% |
| $250k+ | 38 | $18,250,000 | $480,263 | $2,827 | 2.96% |
Eagle Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 157 originations. The second most popular income band? $50k-75k, with 109 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 196 | $45,950,000 | $234,439 | $2,506 | 2.93% |
| 30-36% | 118 | $30,030,000 | $254,492 | $2,460 | 2.95% |
| <20% | 104 | $23,800,000 | $228,846 | $2,425 | 2.78% |
| 38% | 24 | $5,830,000 | $242,917 | $2,191 | 3.01% |
| 36% | 19 | $5,525,000 | $290,789 | $2,794 | 3.03% |
| 42% | 18 | $4,340,000 | $241,111 | $2,855 | 3.00% |
| 41% | 11 | $2,055,000 | $186,818 | $2,409 | 3.10% |
| 39% | 10 | $2,480,000 | $248,000 | $1,963 | 2.96% |
| 37% | 10 | $3,800,000 | $380,000 | $2,723 | 3.06% |
| 44% | 9 | $1,185,000 | $131,667 | $2,550 | 2.75% |
| 40% | 8 | $1,720,000 | $215,000 | $2,495 | 2.98% |
| 43% | 7 | $1,655,000 | $236,429 | $2,787 | 3.05% |
| 47% | 6 | $1,500,000 | $250,000 | $2,643 | 3.04% |
| 49% | 6 | $940,000 | $156,667 | $2,974 | 2.98% |
| 48% | 6 | $1,220,000 | $203,333 | $3,186 | 2.85% |
| 45% | 3 | $405,000 | $135,000 | $2,080 | 3.33% |
| 46% | 3 | $745,000 | $248,333 | $3,232 | 2.75% |
| Exempt% | 1 | $945,000 | $945,000 | $0 | 0.00% |
Eagle Savings Bank lent most frequently to those with DTI ratios of 20-30%, with 196 originations. The next most common DTI ratio? 30-36%, with 118 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 518 | $123,030,000 | $237,510 | $2,506 | 2.92% |
| Not provided | 28 | $8,060,000 | $287,857 | $2,365 | 2.98% |
| Asian | 4 | $1,150,000 | $287,500 | $3,031 | 2.88% |
| Black | 6 | $1,090,000 | $181,667 | $2,633 | 3.23% |
| Not applicable | 3 | $795,000 | $265,000 | $1,804 | 2.88% |
Approval Rates
Total approvals of all applications96.43%
Eagle Savings Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination80.80%
Eagle Savings Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 1 | $945,000 | $945,000 |
| NA | 558 | $133,180,000 | $238,674 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 559 | $134,125,000 | $239,937 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 21 | $3,295,000 | $156,905 | $2,100 | 2.46% |
| 40-60% | 102 | $22,700,000 | $222,549 | $2,521 | 2.68% |
| 60-80% | 245 | $61,735,000 | $251,980 | $2,410 | 2.95% |
| 80-100% | 187 | $45,215,000 | $241,791 | $2,656 | 3.07% |
| Under 20% | 3 | $235,000 | $78,333 | $2,317 | 2.58% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Eagle.bank | 3420 Edwards Road Cincinnati, OH 45208 | Full Service B&M | $7,467 |
| Eagle.bank | 5681 Rapid Run Road Cincinnati, OH 45238 | Full Service B&M | $47,789 |
| Eagle.bank | 6415 Bridgetown Rd Cincinnati, OH 45248 | Full Service B&M | $83,242 |
For 2021, Eagle Savings Bank had 3 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $5,458 |
| Net interest income | $4,821 |
| Total noninterest income | $3,855 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $125 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $3,730 |
| Pre-tax net operating income | $1,521 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $1,190 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $1,190 |
| Minority interest net income | $0 |
| Net income | $1,190 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $1,190 |
Eagle Savings Bank's gross interest income from loans was $5,458,000.
Eagle Savings Bank's net interest income from loans was $4,821,000.
Eagle Savings Bank's fee based income from loans was $125,000.
Eagle Savings Bank's net income from loans was $1,190,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $637 |
| Provision for credit losses | $65 |
| Total noninterest expense | $7,090 |
| Salaries and employee benefits | $4,963 |
| Premises and equipment expense | $427 |
| Additional noninterest expense | $1,700 |
| Applicable income taxes | $331 |
| Net charge-offs | $252 |
| Cash dividends | $0 |
Eagle Savings Bank's interest expense for loans was $637,000.
Eagle Savings Bank's payroll and benefits expense were $4,963,000.
Eagle Savings Bank's property, plant and equipment expenses $427,000.
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 | $145,398 |
| Deposits held in domestic offices | $145,398 |
| Deposits by Individuals, partnerships, and corporations | $145,394 |
| Deposits by U.S. Government | $5 |
| Deposits by States and political subdivisions in the U.S. | $0 |
| 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 | $42,681 |
| Demand deposits | $9,366 |
| Nontransaction accounts | $102,718 |
| Money market deposit accounts (MMDAs) | $31,601 |
| Other savings deposits (excluding MMDAs) | $28,192 |
| Total time deposits | $42,924 |
| Total time and savings deposits | $136,033 |
| Noninterest-bearing deposits | $10,267 |
| Interest-bearing deposits | $135,131 |
| Retail deposits | $140,299 |
| IRAs and Keogh plan accounts | $11,470 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $174,667 |
| Cash & Balances due from depository institutions | $43,996 |
| Interest-bearing balances | $43,419 |
| Total securities | $0 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $113,356 |
| Loan and leases loss allowance | $1,199 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $3,999 |
| Other real estate owned | $1,791 |
| Goodwill and other intangibles | $0 |
| All other assets | $11,525 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $174,667 |
| Total Liabilities | $148,565 |
| Total deposits | $145,398 |
| Interest-bearing deposits | $135,131 |
| Deposits held in domestic offices | $145,398 |
| % insured (estimated) | $89 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $3,167 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $113,356 |
| Loan and leases loss allowance | $1,199 |
| Total loans and leases (domestic) | $114,555 |
| All real estate loans | $106,529 |
| Real estate loans in domestic offices | $106,529 |
| Construction and development loans | $6,958 |
| Residential 1-4 family construction | $4,093 |
| Other construction, all land development and other land | $2,865 |
| Loans secured by nonfarm nonresidential properties | $22,242 |
| Nonfarm nonresidential secured by owner-occupied properties | $12,543 |
| Commercial real estate & other non-farm, non-residential | $9,699 |
| Multifamily residential real estate | $1,148 |
| 1-4 family residential loans | $76,181 |
| Farmland loans | $0 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $8,020 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $6 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $6 |
| Other loans to individuals | $0 |
| All other loans & leases | $0 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $0 |
| 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 | $274 |
| Non 1-4 family restructured loans & leases | $0 |
| Total loans and leases (foreign) | $0 |
Eagle Savings Bank had $113,356,000 of loans outstanding in 2021. $106,529,000 of loans were in real estate loans. $6,958,000 of loans were in development loans. $1,148,000 of loans were in multifamily mortgage loans. $76,181,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $6,000 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 | 41 | $10,260 | $250,244 |
| Nonfarm, nonresidential loans - <$100k | 6 | $291 | $48,500 |
| Nonfarm, nonresidential loans - $100-250k | 13 | $1,221 | $93,923 |
| Nonfarm, nonresidential loans - $250k-1MM | 22 | $8,748 | $397,636 |
| Commercial & Industrial, US addressed loans - <$1MM | 45 | $4,384 | $97,422 |
| Commercial & Industrial, US addressed loans - <$100k | 19 | $502 | $26,421 |
| Commercial & Industrial, US addressed loans - $100-250k | 12 | $1,187 | $98,917 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 14 | $2,695 | $192,500 |
