Slovenian Savings And Loan Association Of Canonsburg Mortgage Rates, Fees & Info

Washington, PA

LEI: 549300P6E4MG6WR4CW75

Tax ID: 25-0801560

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    Slovenian Savings And Loan Association Of Canonsburg is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Slovenian Savings And Loan Association Of Canonsburg has a high proportion of conventional loans. Their top (well, only) market is Pittsburgh.

    Slovenian Savings And Loan Association Of Canonsburg has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

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    Originations

    218

    Origination Dollar Volume (All Markets)

    $31,550,000

    Employee count

    17

    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
    PITTSBURGH, PA (FHA|USDA|VA) 216 $31,170,000 $144,306 $0 0.00%
    Outside of Metro Areas 2 $380,000 $190,000 $0 0.00%
    Slovenian Savings And Loan Association Of Canonsburg's top markets include and Pittsburgh among others.

    Their top states include:
  • Pennsylvania (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 218 $31,550,000 $144,725 $0 0.00%

    For 2019, Slovenian Savings And Loan Association Of Canonsburg's most frequently originated type of loan was Conventional, with 218 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 107 $19,395,000 $181,262 $0 0.00%
    Cash Out Refi 55 $7,315,000 $133,000 $0 0.00%
    Other 31 $1,675,000 $54,032 $0 0.00%
    Home Improvement 21 $2,655,000 $126,429 $0 0.00%
    Refi 4 $510,000 $127,500 $0 0.00%

    For 2019, Slovenian Savings And Loan Association Of Canonsburg's most frequently cited loan purpose was Home Purchase, with 107 originations. The 2nd most popular reason was Cash Out Refi, with 55 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 218 $31,550,000 $144,725 $0 0.00%

    For 2019, Slovenian Savings And Loan Association Of Canonsburg's most frequently cited loan duration was Other, with 218 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 116 $6,100,000 $52,586 $0 0.00%
    $100k-200k 52 $7,220,000 $138,846 $0 0.00%
    $200k-400k 38 $10,560,000 $277,895 $0 0.00%
    $400k-600k 8 $4,000,000 $500,000 $0 0.00%
    $1MM+ 2 $2,310,000 $1,155,000 $0 0.00%
    $600k-1MM 2 $1,360,000 $680,000 $0 0.00%

    2019 saw Slovenian Savings And Loan Association Of Canonsburg place emphasis on $100,000 or less loans with 116 originations, totaling $6,100,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 38 $5,640,000 $148,421 $0 0.00%
    $50k-75k 35 $3,465,000 $99,000 $0 0.00%
    $150k-250k 34 $7,670,000 $225,588 $0 0.00%
    $250k+ 33 $6,655,000 $201,667 $0 0.00%
    $75k-100k 25 $2,535,000 $101,400 $0 0.00%
    $50k or less 23 $1,705,000 $74,130 $0 0.00%

    Slovenian Savings And Loan Association Of Canonsburg lent most frequently to those with incomes in the $100k-150k range, with 38 originations. The second most popular income band? $50k-75k, with 35 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 218 $31,550,000 $144,725 $0 0.00%

    Slovenian Savings And Loan Association Of Canonsburg lent most frequently to those with DTI ratios of Exempt%, with 218 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 169 $25,095,000 $148,491 $0 0.00%
    Not applicable 30 $3,880,000 $129,333 $0 0.00%
    Not provided 17 $2,155,000 $126,765 $0 0.00%
    Black 2 $420,000 $210,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    98.25%

    Slovenian Savings And Loan Association Of Canonsburg 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
    96.79%

    Slovenian Savings And Loan Association Of Canonsburg has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 218 $31,550,000 $144,725

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $760,000 $380,000
    Single Family (1-4 Units):Site-Built 216 $30,790,000 $142,546

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Shellpoint Partners, LLC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 23 2.8%
    Shellpoint Partners, LLC Conventional home mortgage Closing on a mortgage 23 2.8%
    Shellpoint Partners, LLC Conventional home mortgage Improper use of your report 1 0.1%
    Shellpoint Partners, LLC Conventional home mortgage Incorrect information on your report 10 1.2%
    Shellpoint Partners, LLC Conventional home mortgage Problem with a credit reporting company's investigation into an existing problem 6 0.7%
    Shellpoint Partners, LLC Conventional home mortgage Struggling to pay mortgage 153 18.8%
    Shellpoint Partners, LLC Conventional home mortgage Trouble during payment process 388 47.5%
    Shellpoint Partners, LLC Conventional home mortgage Unable to get your credit report or credit score 1 0.1%
    Shellpoint Partners, LLC FHA mortgage Applying for a mortgage or refinancing an existing mortgage 7 0.9%
    Shellpoint Partners, LLC FHA mortgage Closing on a mortgage 3 0.4%
    Shellpoint Partners, LLC FHA mortgage Incorrect information on your report 3 0.4%
    Shellpoint Partners, LLC FHA mortgage Problem with a credit reporting company's investigation into an existing problem 2 0.2%
    Shellpoint Partners, LLC FHA mortgage Struggling to pay mortgage 24 2.9%
    Shellpoint Partners, LLC FHA mortgage Trouble during payment process 65 8.0%
    Shellpoint Partners, LLC Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 4 0.5%
    Shellpoint Partners, LLC Home equity loan or line of credit (HELOC) Closing on a mortgage 1 0.1%
    Shellpoint Partners, LLC Home equity loan or line of credit (HELOC) Incorrect information on your report 1 0.1%
    Shellpoint Partners, LLC Home equity loan or line of credit (HELOC) Problem with a credit reporting company's investigation into an existing problem 1 0.1%
    Shellpoint Partners, LLC Home equity loan or line of credit (HELOC) Struggling to pay mortgage 1 0.1%
    Shellpoint Partners, LLC Home equity loan or line of credit (HELOC) Trouble during payment process 9 1.1%
    Shellpoint Partners, LLC Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 4 0.5%
    Shellpoint Partners, LLC Other type of mortgage Incorrect information on your report 1 0.1%
    Shellpoint Partners, LLC Other type of mortgage Struggling to pay mortgage 17 2.1%
    Shellpoint Partners, LLC Other type of mortgage Trouble during payment process 24 2.9%
    Shellpoint Partners, LLC VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 0.1%
    Shellpoint Partners, LLC VA mortgage Incorrect information on your report 1 0.1%
    Shellpoint Partners, LLC VA mortgage Problem with a credit reporting company's investigation into an existing problem 1 0.1%
    Shellpoint Partners, LLC VA mortgage Struggling to pay mortgage 12 1.5%
    Shellpoint Partners, LLC VA mortgage Trouble during payment process 29 3.6%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Slovenian Savings and Loan Association of Canonsburg 130 Boone Avenue Strabane, PA 15363 Full Service B&M $353,842

    For 2019, Slovenian Savings And Loan Association Of Canonsburg had 1 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $18,926
    Net interest income $10,983
    Total noninterest income $-162
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $0
    Trading account gains and fees $0
    Additional Noninterest Income $-162
    Pre-tax net operating income $6,669
    Securities gains (or losses, -) $95
    Income before extraordinary items $5,288
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,288
    Minority interest net income $0
    Net income $5,288
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $5,212

    Slovenian Savings And Loan Association Of Canonsburg's gross interest income from loans was $18,926,000.
    Slovenian Savings And Loan Association Of Canonsburg's net interest income from loans was $10,983,000.
    Slovenian Savings And Loan Association Of Canonsburg's fee based income from loans was $0.
    Slovenian Savings And Loan Association Of Canonsburg's net income from loans was $5,288,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $7,943
    Provision for credit losses $53
    Total noninterest expense $4,099
    Salaries and employee benefits $2,656
    Premises and equipment expense $236
    Additional noninterest expense $1,207
    Applicable income taxes $1,476
    Net charge-offs $161
    Cash dividends $0

    Slovenian Savings And Loan Association Of Canonsburg's interest expense for loans was $7,943,000.
    Slovenian Savings And Loan Association Of Canonsburg's payroll and benefits expense were $2,656,000.
    Slovenian Savings And Loan Association Of Canonsburg's property, plant and equipment expenses $236,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 3.0%
    Real Estate loans 3.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 20.0%
    1-4 family residential loans 3.0%
    HELOC loans 0.0%
    All other family 3.0%
    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 $371,976
    Deposits held in domestic offices $371,976
    Deposits by Individuals, partnerships, and corporations $354,909
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $17,067
    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 $22,484
    Demand deposits $22,484
    Nontransaction accounts $349,492
    Money market deposit accounts (MMDAs) $2,583
    Other savings deposits (excluding MMDAs) $50,190
    Total time deposits $296,719
    Total time and savings deposits $349,492
    Noninterest-bearing deposits $1,933
    Interest-bearing deposits $370,043
    Retail deposits $265,844
    IRAs and Keogh plan accounts $79,258
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $438,075
    Cash & Balances due from depository institutions $24,884
    Interest-bearing balances $24,330
    Total securities $218,878
    Federal funds sold & reverse repurchase $0
    Net loans and leases $189,208
    Loan and leases loss allowance $1,692
    Trading account assets $0
    Bank premises and fixed assets $2,394
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $2,711

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $438,075
    Total Liabilities $372,287
    Total deposits $371,976
    Interest-bearing deposits $370,043
    Deposits held in domestic offices $371,976
    % insured (estimated) $84
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $311

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $189,208
    Loan and leases loss allowance $1,692
    Total loans and leases (domestic) $190,900
    All real estate loans $189,675
    Real estate loans in domestic offices $189,675
    Construction and development loans $6,042
    Residential 1-4 family construction $5,969
    Other construction, all land development and other land $73
    Loans secured by nonfarm nonresidential properties $29,344
    Nonfarm nonresidential secured by owner-occupied properties $572
    Commercial real estate & other non-farm, non-residential $28,772
    Multifamily residential real estate $1,728
    1-4 family residential loans $152,561
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $0
    To non-U.S. addressees $0
    Loans to individuals $1,225
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $0
    Other loans to individuals $1,225
    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 $2,015
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Slovenian Savings and Loan Association of Canonsburg had $189,208,000 of loans outstanding in 2019. $189,675,000 of loans were in real estate loans. $6,042,000 of loans were in development loans. $1,728,000 of loans were in multifamily mortgage loans. $152,561,000 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 111 $27,445 $247,252
    Nonfarm, nonresidential loans - <$100k 20 $1,063 $53,150
    Nonfarm, nonresidential loans - $100-250k 49 $7,021 $143,286
    Nonfarm, nonresidential loans - $250k-1MM 42 $19,361 $460,976