Eagle Savings Bank Mortgage Rates, Fees & Info

Cincinnati, OH

LEI: 549300O12EJ1HE3YIK24

Tax ID: 31-0411290

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Review & 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. Eagle Savings Bank has a low ratio of conventional loans. Their top markets by origination volume include: Cincinnati, Virginia Beach, Austin, Knoxville, and Tampa among others. We have data for 18 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. Eagle Savings Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™ Mortgage Type	Simulated Rate	Simulation Date
30 Year Conventional Purchase	6.51%	4/21/24
30 Year Conventional Refi	6.24%	4/21/24
30 Year Cash-out Refi	6.50%	4/21/24
30 Year FHA Purchase	6.27%	4/21/24
15 Year Conventional Purchase	5.90%	4/21/24
15 Year Conventional Refi	5.97%	4/21/24
15 Year Cash-out Refi	5.97%	4/21/24
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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This is not an official calculator from Eagle Savings Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.

Originations

559

Origination Dollar Volume (All Markets)

$134,125,000

Employee count

Awards

Eagle Savings Bank 30 Year Conventional Loans silver

Eagle Savings Bank 30 Year Conventional Loans bronze

Show all (4) awards

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
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, KY (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.

Their top states include:

Ohio (FHA|USDA|VA)

Kentucky (FHA|USDA|VA)

Virginia (FHA|USDA|VA)

Indiana (FHA|USDA|VA)

Florida (FHA|USDA|VA)

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.

The North Side Bank & Trust Company
Similarity Rank: 246

CINFED Federal Credit Union
Similarity Rank: 288

Sharefax Credit Union
Similarity Rank: 505

Eagle Savings Bank
Similarity Rank: 1152

LCNB National Bank
Similarity Rank: 1274

RIVER VALLEY CREDIT UNION, INC.
Similarity Rank: 1290

Warsaw Federal Savings and Loan Association
Similarity Rank: 1320

Central Bank
Similarity Rank: 1476

SIBCY CLINE MORTGAGE SERVICES, INC.
Similarity Rank: 1624

The Friendship State Bank
Similarity Rank: 1881

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	558	$133,180,000	$238,674	$2,500	2.92%
Conventional	1	$945,000	$945,000	$0	0.00%

For 2021, Eagle Savings Bank's most frequently originated type of loan was Conventional, with 558 originations. Their 2nd most popular type was Conventional, with 1 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. 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 2021, Eagle Savings Bank's most frequently cited loan purpose was Home Purchase, with 265 originations. The 2nd most popular reason was 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 2021, Eagle Savings Bank's most frequently cited loan duration was 30 Year, with 407 originations. The 2nd most popular length was 15 Year, with 107 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	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	8	$3,570,000	$446,250
$4k-5k	1	$155,000	$155,000
$5k+	1	$265,000	$265,000

Eagle Savings Bank's average total fees were $2,567, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.00%, while their most frequently originated rate bucket for loans was 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
97.66%

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 origination
81.93%

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