Eagle Savings Bank Mortgage Rates, Fees & Info
Cincinnati, OHLEI: 549300O12EJ1HE3YIK24
Tax ID: 31-0411290
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Mortgage Data
Bank Data
Review & Overview
Eagle Savings Bank is a smaller bank specializing in Home Purchase and Refi loans. Eagle Savings Bank 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: Cincinnati, Miami, Charleston, Indianapolis, and Naples among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)Eagle Savings Bank 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.
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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.51% | 4/18/24 |
| 30 Year Conventional Refi | 6.24% | 4/18/24 |
| 30 Year Cash-out Refi | 6.50% | 4/18/24 |
| 30 Year FHA Purchase | 6.27% | 4/18/24 |
| 15 Year Conventional Purchase | 5.90% | 4/18/24 |
| 15 Year Conventional Refi | 5.97% | 4/18/24 |
| 15 Year Cash-out Refi | 5.97% | 4/18/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Eagle Savings Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
417Origination Dollar Volume (All Markets)
$97,195,000Employee count
37Top 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 |
|---|---|---|---|---|---|
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 403 | $93,435,000 | $231,849 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 3 | $975,000 | $325,000 | $0 | 0.00% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $0 | 0.00% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $0 | 0.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $0 | 0.00% |
| Outside of Metro Areas | 3 | $425,000 | $141,667 | $0 | 0.00% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| Cleveland, MS (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| COLUMBUS, OH (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| FORT WAYNE, IN (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Eagle Savings Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 409 | $96,145,000 | $235,073 | $0 | 0.00% |
| FHA | 7 | $765,000 | $109,286 | $0 | 0.00% |
| VA | 1 | $285,000 | $285,000 | $0 | 0.00% |
For 2019, Eagle Savings Bank's most frequently originated type of loan was Conventional, with 409 originations. Their 2nd most popular type was FHA, with 7 originations.
Loan Reason
For 2019, Eagle Savings Bank's most frequently cited loan purpose was Home Purchase, with 287 originations. The 2nd most popular reason was Refi, with 74 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 417 | $97,195,000 | $233,082 | $0 | 0.00% |
For 2019, Eagle Savings Bank's most frequently cited loan duration was Other, with 417 originations.
Loan Sizing
2019 saw Eagle Savings Bank place emphasis on $200k-400k loans with 161 originations, totaling $43,195,000 in origination value.
Applicant Income
Eagle Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 118 originations. The second most popular income band? $50k-75k, with 72 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 417 | $97,195,000 | $233,082 | $0 | 0.00% |
Eagle Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 417 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.66%
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 origination79.38%
Eagle Savings Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 417 | $97,195,000 | $233,082 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 417 | $97,195,000 | $233,082 |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Eagle Savings Bank | 3420 Edwards Road Cincinnati, OH 45208 | Full Service B&M | $4,359 |
| Eagle Savings Bank | 5681 Rapid Run Road Cincinnati, OH 45238 | Full Service B&M | $40,749 |
| Eagle Savings Bank | 6415 Bridgetown Road Cincinnati, OH 45248 | Full Service B&M | $69,806 |
For 2019, Eagle Savings Bank had 3 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $5,587 |
| Net interest income | $4,477 |
| Total noninterest income | $2,595 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $117 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $2,478 |
| Pre-tax net operating income | $1,047 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $816 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $816 |
| Minority interest net income | $0 |
| Net income | $816 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $816 |
Eagle Savings Bank's gross interest income from loans was $5,587,000.
Eagle Savings Bank's net interest income from loans was $4,477,000.
Eagle Savings Bank's fee based income from loans was $117,000.
Eagle Savings Bank's net income from loans was $816,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $1,110 |
| Provision for credit losses | $0 |
| Total noninterest expense | $6,025 |
| Salaries and employee benefits | $4,183 |
| Premises and equipment expense | $254 |
| Additional noninterest expense | $1,588 |
| Applicable income taxes | $231 |
| Net charge-offs | $21 |
| Cash dividends | $0 |
Eagle Savings Bank's interest expense for loans was $1,110,000.
Eagle Savings Bank's payroll and benefits expense were $4,183,000.
Eagle Savings Bank's property, plant and equipment expenses $254,000.
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 | 1.0% |
| HELOC loans | 0.0% |
| All other family | 1.0% |
| 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 | $117,514 |
| Deposits held in domestic offices | $117,514 |
| Deposits by Individuals, partnerships, and corporations | $117,508 |
| Deposits by U.S. Government | $6 |
| 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 | $31,418 |
| Demand deposits | $5,973 |
| Nontransaction accounts | $86,096 |
| Money market deposit accounts (MMDAs) | $20,356 |
| Other savings deposits (excluding MMDAs) | $18,171 |
| Total time deposits | $47,568 |
| Total time and savings deposits | $111,541 |
| Noninterest-bearing deposits | $6,832 |
| Interest-bearing deposits | $110,682 |
| Retail deposits | $112,496 |
| IRAs and Keogh plan accounts | $12,302 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $142,769 |
| Cash & Balances due from depository institutions | $18,289 |
| Interest-bearing balances | $17,881 |
| Total securities | $0 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $112,958 |
| Loan and leases loss allowance | $1,166 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $4,063 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $7,459 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $142,769 |
| Total Liabilities | $120,756 |
| Total deposits | $117,514 |
| Interest-bearing deposits | $110,682 |
| Deposits held in domestic offices | $117,514 |
| % insured (estimated) | $92 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $3,242 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $112,958 |
| Loan and leases loss allowance | $1,166 |
| Total loans and leases (domestic) | $114,124 |
| All real estate loans | $108,195 |
| Real estate loans in domestic offices | $108,195 |
| Construction and development loans | $5,325 |
| Residential 1-4 family construction | $4,896 |
| Other construction, all land development and other land | $429 |
| Loans secured by nonfarm nonresidential properties | $20,345 |
| Nonfarm nonresidential secured by owner-occupied properties | $10,557 |
| Commercial real estate & other non-farm, non-residential | $9,788 |
| Multifamily residential real estate | $1,062 |
| 1-4 family residential loans | $81,463 |
| Farmland loans | $0 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $5,920 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $8 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $8 |
| 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 | $292 |
| Non 1-4 family restructured loans & leases | $0 |
| Total loans and leases (foreign) | $0 |
Eagle Savings Bank had $112,958,000 of loans outstanding in 2019. $108,195,000 of loans were in real estate loans. $5,325,000 of loans were in development loans. $1,062,000 of loans were in multifamily mortgage loans. $81,463,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $8,000 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 | 45 | $10,367 | $230,378 |
| Nonfarm, nonresidential loans - <$100k | 9 | $424 | $47,111 |
| Nonfarm, nonresidential loans - $100-250k | 15 | $1,823 | $121,533 |
| Nonfarm, nonresidential loans - $250k-1MM | 21 | $8,120 | $386,667 |
| Commercial & Industrial, US addressed loans - <$1MM | 33 | $4,589 | $139,061 |
| Commercial & Industrial, US addressed loans - <$100k | 14 | $516 | $36,857 |
| Commercial & Industrial, US addressed loans - $100-250k | 7 | $814 | $116,286 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 12 | $3,259 | $271,583 |