Jeff Bank Mortgage Rates, Fees & Info

Jeffersonville, NY

LEI: 549300Q1QXZDN5R0UD44

Tax ID: 14-0779859

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Mortgage Data

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

    Jeff Bank is a smaller bank specializing in Home Purchase and Refi loans. Jeff Bank has a high proportion of conventional loans. Their top two markets are Poughkeepsie and New York .

    Jeff Bank has a below 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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    Originations

    124

    Origination Dollar Volume (All Markets)

    $22,240,000

    Employee count

    126

    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
    Outside of Metro Areas 119 $21,435,000 $180,126 $0 0.00%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 4 $680,000 $170,000 $0 0.00%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
    Jeff Bank's top markets include Poughkeepsie and New York among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 124 $22,240,000 $179,355 $0 0.00%

    For 2020, Jeff Bank's most frequently originated type of loan was Conventional, with 124 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 77 $15,385,000 $199,805 $0 0.00%
    Refi 29 $5,485,000 $189,138 $0 0.00%
    Home Improvement 12 $1,080,000 $90,000 $0 0.00%
    Other 6 $290,000 $48,333 $0 0.00%

    For 2020, Jeff Bank's most frequently cited loan purpose was Home Purchase, with 77 originations. The 2nd most popular reason was Refi, with 29 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 124 $22,240,000 $179,355 $0 0.00%

    For 2020, Jeff Bank's most frequently cited loan duration was Other, with 124 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 49 $6,495,000 $132,551 $0 0.00%
    $100,000 or less 43 $2,685,000 $62,442 $0 0.00%
    $200k-400k 25 $6,725,000 $269,000 $0 0.00%
    $400k-600k 4 $1,870,000 $467,500 $0 0.00%
    $1MM+ 2 $3,510,000 $1,755,000 $0 0.00%
    $600k-1MM 1 $955,000 $955,000 $0 0.00%

    2020 saw Jeff Bank place emphasis on $100k-200k loans with 49 originations, totaling $6,495,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 27 $9,165,000 $339,444 $0 0.00%
    $100k-150k 26 $3,110,000 $119,615 $0 0.00%
    $50k-75k 18 $1,800,000 $100,000 $0 0.00%
    $150k-250k 16 $2,740,000 $171,250 $0 0.00%
    $50k or less 14 $1,150,000 $82,143 $0 0.00%
    $75k-100k 12 $1,510,000 $125,833 $0 0.00%

    Jeff Bank lent most frequently to those with incomes in the $250k+ range, with 27 originations. The second most popular income band? $100k-150k, with 26 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 124 $22,240,000 $179,355 $0 0.00%

    Jeff Bank lent most frequently to those with DTI ratios of Exempt%, with 124 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 112 $17,470,000 $155,982 $0 0.00%
    Asian 2 $2,140,000 $1,070,000 $0 0.00%
    Not applicable 6 $1,820,000 $303,333 $0 0.00%
    Not provided 3 $725,000 $241,667 $0 0.00%
    Black 1 $85,000 $85,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    67.05%

    Jeff Bank has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    57.26%

    Jeff Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 124 $22,240,000 $179,355

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 3 $1,525,000 $508,333
    Single Family (1-4 Units):Manufactured 13 $1,085,000 $83,462
    Single Family (1-4 Units):Site-Built 108 $19,630,000 $181,759

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Jeff Bank 561 Sthy 55 Eldred, NY 12732 Full Service B&M $39,731
    Jeff Bank 1278 State Route 52 Loch Sheldrake, NY 12759 Full Service B&M $31,521
    Jeff Bank 1460 State Route 17b White Lake, NY 12786 Full Service B&M $22,883
    Jeff Bank 155 Kirk Road Narrowsburg, NY 12764 Full Service B&M $13,062
    Jeff Bank 19 Church Street Liberty, NY 12754 Full Service B&M $65,862
    Jeff Bank 19 Forestburgh Road Monticello, NY 12701 Full Service B&M $68,729
    Jeff Bank 4499 State Route 17b Callicoon, NY 12723 Full Service B&M $27,337
    Jeff Bank 4864 State Route 52 Jeffersonville, NY 12748 Full Service B&M $108,798
    Jeff Bank 20 Fowler St Port Jervis, NY 12771 Full Service B&M $17,683
    Jeff Bank 2930 State Rt 209 Wurtsboro, NY 12790 Full Service B&M $35,500
    Jeff Bank 33 Anawana Lake Road Monticello, NY 12701 Full Service B&M $34,303
    Jeff Bank 33 Main Street Livingston Manor, NY 12758 Full Service B&M $45,703

    For 2020, Jeff Bank had 12 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $18,878
    Net interest income $18,270
    Total noninterest income $3,036
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $798
    Trading account gains and fees $0
    Additional Noninterest Income $2,238
    Pre-tax net operating income $5,262
    Securities gains (or losses, -) $173
    Income before extraordinary items $4,786
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,786
    Minority interest net income $0
    Net income $4,786
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,633

    Jeff Bank's gross interest income from loans was $18,878,000.
    Jeff Bank's net interest income from loans was $18,270,000.
    Jeff Bank's fee based income from loans was $798,000.
    Jeff Bank's net income from loans was $4,786,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $608
    Provision for credit losses $1,100
    Total noninterest expense $14,944
    Salaries and employee benefits $9,486
    Premises and equipment expense $1,643
    Additional noninterest expense $3,815
    Applicable income taxes $649
    Net charge-offs $226
    Cash dividends $2,600

    Jeff Bank's interest expense for loans was $608,000.
    Jeff Bank's payroll and benefits expense were $9,486,000.
    Jeff Bank's property, plant and equipment expenses $1,643,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 5.0%
    Real Estate loans 6.0%
    Construction & Land Development loans 18.0%
    Nonfarm, nonresidential loans 10.0%
    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 $536,707
    Deposits held in domestic offices $536,707
    Deposits by Individuals, partnerships, and corporations $482,888
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $53,820
    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 $55,123
    Demand deposits $35,428
    Nontransaction accounts $481,585
    Money market deposit accounts (MMDAs) $39,549
    Other savings deposits (excluding MMDAs) $378,674
    Total time deposits $63,362
    Total time and savings deposits $501,280
    Noninterest-bearing deposits $160,954
    Interest-bearing deposits $375,753
    Retail deposits $531,534
    IRAs and Keogh plan accounts $17,639
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $604,899
    Cash & Balances due from depository institutions $120,958
    Interest-bearing balances $112,271
    Total securities $156,549
    Federal funds sold & reverse repurchase $0
    Net loans and leases $294,780
    Loan and leases loss allowance $4,378
    Trading account assets $0
    Bank premises and fixed assets $5,661
    Other real estate owned $717
    Goodwill and other intangibles $0
    All other assets $26,234

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $604,899
    Total Liabilities $542,961
    Total deposits $536,707
    Interest-bearing deposits $375,753
    Deposits held in domestic offices $536,707
    % insured (estimated) $85
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $323
    Subordinated debt $0
    All other liabilities $5,931

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $294,780
    Loan and leases loss allowance $4,378
    Total loans and leases (domestic) $299,158
    All real estate loans $261,703
    Real estate loans in domestic offices $261,703
    Construction and development loans $18,025
    Residential 1-4 family construction $7,219
    Other construction, all land development and other land $10,806
    Loans secured by nonfarm nonresidential properties $107,741
    Nonfarm nonresidential secured by owner-occupied properties $77,100
    Commercial real estate & other non-farm, non-residential $30,641
    Multifamily residential real estate $9,066
    1-4 family residential loans $120,257
    Farmland loans $6,614
    Loans held in foreign offices $0
    Farm loans $617
    Commercial and industrial loans $33,347
    To non-U.S. addressees $0
    Loans to individuals $2,473
    Credit card loans $0
    Related Plans $468
    Consumer Auto Loans $518
    Other loans to individuals $1,487
    All other loans & leases $1,019
    Loans to foreign governments and official institutions $0
    Other loans $1,019
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $3,465
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $74
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Jeff Bank had $294,780,000 of loans outstanding in 2020. $261,703,000 of loans were in real estate loans. $18,025,000 of loans were in development loans. $9,066,000 of loans were in multifamily mortgage loans. $120,257,000 of loans were in 1-4 family mortgage loans. $617,000 of loans were in farm loans. $0 of loans were in credit card loans. $518,000 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 168 $40,838 $243,083
    Nonfarm, nonresidential loans - <$100k 36 $1,622 $45,056
    Nonfarm, nonresidential loans - $100-250k 54 $6,569 $121,648
    Nonfarm, nonresidential loans - $250k-1MM 78 $32,647 $418,551
    Commercial & Industrial, US addressed loans - <$1MM 328 $19,393 $59,125
    Commercial & Industrial, US addressed loans - <$100k 216 $4,016 $18,593
    Commercial & Industrial, US addressed loans - $100-250k 65 $5,008 $77,046
    Commercial & Industrial, US addressed loans - $250k-1MM 47 $10,369 $220,617
    Farmland loans - <$1MM 16 $2,839 $177,438
    Farmland loans - <$100k 6 $267 $44,500
    Farmland loans - $100-250k 2 $234 $117,000
    Farmland loans - $250k-1MM 8 $2,338 $292,250
    Agriculture operations loans - <$1MM 24 $617 $25,708
    Agriculture operations loans - <$100k 18 $302 $16,778
    Agriculture operations loans - $100-250k 4 $315 $78,750
    Agriculture operations loans - $250k-1MM 2 $0 $0