Eagle Savings Bank Mortgage Rates, Fees & Info

Cincinnati, OH

LEI: 549300O12EJ1HE3YIK24

Tax ID: 31-0411290

5 stars - out of 5 stars, based on 24 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


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

559

Origination Dollar Volume (All Markets)

$134,125,000

Employee count

43

Awards

Eagle Savings Bank 30 Year Conventional Loans silver Eagle Savings Bank 30 Year Conventional Loans silver Eagle Savings Bank 30 Year Conventional Loans bronze Eagle Savings Bank 30 Year Conventional Loans bronze
Show all (4) awards

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 applications
96.43%

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 origination
80.80%

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