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 loans. Jeff Bank has a high proportion of conventional loans. Their top markets by origination volume include: Poughkeepsie, Kingston, and New York among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    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

    179

    Origination Dollar Volume (All Markets)

    $34,905,000

    Employee count

    116

    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 161 $29,985,000 $186,242 $0 0.00%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 11 $3,335,000 $303,182 $0 0.00%
    KINGSTON, NY (FHA|USDA|VA) 4 $970,000 $242,500 $0 0.00%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 3 $615,000 $205,000 $0 0.00%
    Jeff Bank's top markets include Poughkeepsie, Kingston, and New York among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 179 $34,905,000 $195,000 $0 0.00%

    For 2021, Jeff Bank's most frequently originated type of loan was Conventional, with 179 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 103 $24,705,000 $239,854 $0 0.00%
    Refi 44 $6,740,000 $153,182 $0 0.00%
    Home Improvement 19 $2,205,000 $116,053 $0 0.00%
    Other 13 $1,255,000 $96,538 $0 0.00%

    For 2021, Jeff Bank's most frequently cited loan purpose was Home Purchase, with 103 originations. The 2nd most popular reason was Refi, with 44 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 179 $34,905,000 $195,000 $0 0.00%

    For 2021, Jeff Bank's most frequently cited loan duration was Other, with 179 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 64 $9,160,000 $143,125 $0 0.00%
    $100,000 or less 57 $3,455,000 $60,614 $0 0.00%
    $200k-400k 39 $10,355,000 $265,513 $0 0.00%
    $400k-600k 11 $5,115,000 $465,000 $0 0.00%
    $600k-1MM 6 $4,490,000 $748,333 $0 0.00%
    $1MM+ 2 $2,330,000 $1,165,000 $0 0.00%

    2021 saw Jeff Bank place emphasis on $100k-200k loans with 64 originations, totaling $9,160,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 41 $4,845,000 $118,171 $0 0.00%
    $100k-150k 33 $5,515,000 $167,121 $0 0.00%
    $75k-100k 28 $4,460,000 $159,286 $0 0.00%
    $50k or less 25 $2,215,000 $88,600 $0 0.00%
    $250k+ 23 $10,745,000 $467,174 $0 0.00%
    $150k-250k 21 $5,525,000 $263,095 $0 0.00%

    Jeff Bank lent most frequently to those with incomes in the $50k-75k range, with 41 originations. The second most popular income band? $100k-150k, with 33 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 179 $34,905,000 $195,000 $0 0.00%

    Jeff Bank lent most frequently to those with DTI ratios of Exempt%, with 179 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 161 $30,225,000 $187,733 $0 0.00%
    Asian 6 $2,310,000 $385,000 $0 0.00%
    Not applicable 6 $1,290,000 $215,000 $0 0.00%
    Not provided 3 $845,000 $281,667 $0 0.00%
    Black 3 $235,000 $78,333 $0 0.00%

    Approval Rates

    Total approvals of all applications
    69.89%

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

    Pick Rate

    Approvals leading to origination
    62.57%

    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 179 $34,905,000 $195,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    179 $34,905,000 $195,000

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Jeff Bank 1460 State Route 17b White Lake, NY 12786 Full Service B&M $28,197
    Jeff Bank 1278 State Route 52 Loch Sheldrake, NY 12759 Full Service B&M $36,881
    Jeff Bank 155 Kirk Road Narrowsburg, NY 12764 Full Service B&M $16,878
    Jeff Bank 19 Church Street Liberty, NY 12754 Full Service B&M $74,500
    Jeff Bank 19 Forestburgh Road Monticello, NY 12701 Full Service B&M $78,561
    Jeff Bank 20 Fowler St Port Jervis, NY 12771 Full Service B&M $20,671
    Jeff Bank 2930 State Rt 209 Wurtsboro, NY 12790 Full Service B&M $37,638
    Jeff Bank 33 Anawana Lake Road Monticello, NY 12701 Full Service B&M $42,430
    Jeff Bank 33 Main Street Livingston Manor, NY 12758 Full Service B&M $58,126
    Jeff Bank 4499 State Route 17b Callicoon, NY 12723 Full Service B&M $35,016
    Jeff Bank 4864 State Route 52 Jeffersonville, NY 12748 Full Service B&M $118,396
    Jeff Bank 561 Sthy 55 Eldred, NY 12732 Full Service B&M $49,950

    For 2021, Jeff Bank had 12 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $18,601
    Net interest income $18,233
    Total noninterest income $3,461
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $855
    Trading account gains and fees $0
    Additional Noninterest Income $2,606
    Pre-tax net operating income $6,055
    Securities gains (or losses, -) $3
    Income before extraordinary items $4,963
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,963
    Minority interest net income $0
    Net income $4,963
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,960

    Jeff Bank's gross interest income from loans was $18,601,000.
    Jeff Bank's net interest income from loans was $18,233,000.
    Jeff Bank's fee based income from loans was $855,000.
    Jeff Bank's net income from loans was $4,963,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $368
    Provision for credit losses $450
    Total noninterest expense $15,189
    Salaries and employee benefits $9,654
    Premises and equipment expense $1,665
    Additional noninterest expense $3,870
    Applicable income taxes $1,095
    Net charge-offs $823
    Cash dividends $1,300

    Jeff Bank's interest expense for loans was $368,000.
    Jeff Bank's payroll and benefits expense were $9,654,000.
    Jeff Bank's property, plant and equipment expenses $1,665,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 4.0%
    Real Estate loans 4.0%
    Construction & Land Development loans 19.0%
    Nonfarm, nonresidential loans 6.0%
    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 $619,617
    Deposits held in domestic offices $619,617
    Deposits by Individuals, partnerships, and corporations $560,540
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $59,077
    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 $60,728
    Demand deposits $39,357
    Nontransaction accounts $558,889
    Money market deposit accounts (MMDAs) $44,777
    Other savings deposits (excluding MMDAs) $447,401
    Total time deposits $66,711
    Total time and savings deposits $580,260
    Noninterest-bearing deposits $194,318
    Interest-bearing deposits $425,299
    Retail deposits $611,606
    IRAs and Keogh plan accounts $17,475
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $692,752
    Cash & Balances due from depository institutions $164,050
    Interest-bearing balances $155,670
    Total securities $206,371
    Federal funds sold & reverse repurchase $0
    Net loans and leases $288,486
    Loan and leases loss allowance $4,005
    Trading account assets $0
    Bank premises and fixed assets $5,192
    Other real estate owned $549
    Goodwill and other intangibles $0
    All other assets $28,104

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $692,752
    Total Liabilities $625,990
    Total deposits $619,617
    Interest-bearing deposits $425,299
    Deposits held in domestic offices $619,617
    % insured (estimated) $84
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $273
    Subordinated debt $0
    All other liabilities $6,100

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $288,486
    Loan and leases loss allowance $4,005
    Total loans and leases (domestic) $292,491
    All real estate loans $258,332
    Real estate loans in domestic offices $258,332
    Construction and development loans $17,459
    Residential 1-4 family construction $6,338
    Other construction, all land development and other land $11,121
    Loans secured by nonfarm nonresidential properties $100,680
    Nonfarm nonresidential secured by owner-occupied properties $68,444
    Commercial real estate & other non-farm, non-residential $32,236
    Multifamily residential real estate $11,967
    1-4 family residential loans $123,695
    Farmland loans $4,531
    Loans held in foreign offices $0
    Farm loans $812
    Commercial and industrial loans $29,595
    To non-U.S. addressees $0
    Loans to individuals $2,273
    Credit card loans $0
    Related Plans $430
    Consumer Auto Loans $503
    Other loans to individuals $1,340
    All other loans & leases $1,478
    Loans to foreign governments and official institutions $0
    Other loans $1,478
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $1,115
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $72
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Jeff Bank had $288,486,000 of loans outstanding in 2021. $258,332,000 of loans were in real estate loans. $17,459,000 of loans were in development loans. $11,967,000 of loans were in multifamily mortgage loans. $123,695,000 of loans were in 1-4 family mortgage loans. $812,000 of loans were in farm loans. $0 of loans were in credit card loans. $503,000 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 159 $42,298 $266,025
    Nonfarm, nonresidential loans - <$100k 29 $1,240 $42,759
    Nonfarm, nonresidential loans - $100-250k 46 $5,404 $117,478
    Nonfarm, nonresidential loans - $250k-1MM 84 $35,654 $424,452
    Commercial & Industrial, US addressed loans - <$1MM 382 $25,238 $66,068
    Commercial & Industrial, US addressed loans - <$100k 247 $6,344 $25,684
    Commercial & Industrial, US addressed loans - $100-250k 88 $8,452 $96,045
    Commercial & Industrial, US addressed loans - $250k-1MM 47 $10,442 $222,170
    Farmland loans - <$1MM 14 $2,460 $175,714
    Farmland loans - <$100k 5 $193 $38,600
    Farmland loans - $100-250k 1 $68 $68,000
    Farmland loans - $250k-1MM 8 $2,199 $274,875
    Agriculture operations loans - <$1MM 23 $812 $35,304
    Agriculture operations loans - <$100k 17 $223 $13,118
    Agriculture operations loans - $100-250k 4 $289 $72,250
    Agriculture operations loans - $250k-1MM 2 $300 $150,000