United Fidelity Bank Fsb Mortgage Rates, Fees & Info

Evansville, IN

LEI: 549300RV3BMT6ES6TO70

Tax ID: 35-0298350

5 stars - out of 5 stars, based on 11 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

United Fidelity Bank Fsb is a smaller bank specializing in Home Purchase loans. United Fidelity Bank Fsb has a high proportion of conventional loans. Their top markets include Indianapolis, Atlanta, Columbus, Crestview, and Spartanburg among others. United Fidelity Bank Fsb has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. United Fidelity Bank Fsb is typically a low fee lendor.


Originations

116

Origination Dollar Volume (All Markets)

$882,240,000

Employee count

238

Awards

United Fidelity Bank fsb 30 Year Conventional Loans gold United Fidelity Bank fsb 30 Year Conventional Loans gold
Show all (2) awards

Relative Rate

United Fidelity Bank Fsb's average 30 year fixed rate mortgage of loans were 2.71%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.44%.

Relative Fees

United Fidelity Bank Fsb's average total fees for a 30 year fixed rate mortgage are $3,060.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 24 $359,720,000 $14,988,333 $2,721 2.80%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 8 $151,450,000 $18,931,250 $0 2.79%
COLUMBUS, OH (FHA|USDA|VA) 11 $134,065,000 $12,187,727 $0 2.91%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 8 $56,760,000 $7,095,000 $0 3.09%
SPARTANBURG, SC (FHA|USDA|VA) 4 $48,050,000 $12,012,500 $0 3.25%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 2 $43,910,000 $21,955,000 $0 2.75%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 2 $19,170,000 $9,585,000 $0 3.75%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 2 $18,910,000 $9,455,000 $0 3.75%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $15,805,000 $15,805,000 $0 2.30%
JACKSONVILLE, NC (FHA|USDA|VA) 3 $13,055,000 $4,351,667 $0 3.02%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $6,550,000 $3,275,000 $0 3.10%
Crawfordsville, IN (FHA|USDA|VA) 2 $5,210,000 $2,605,000 $0 2.26%
EVANSVILLE, IN-KY (FHA|USDA|VA) 24 $4,690,000 $195,417 $2,581 3.06%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 8 $2,270,000 $283,750 $3,233 2.58%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 9 $1,215,000 $135,000 $2,517 2.92%
Outside of Metro Areas 2 $490,000 $245,000 $3,336 3.69%
SAN JUAN-BAYAMÓN-CAGUAS, PR (FHA|USDA|VA) 1 $415,000 $415,000 $12,013 2.38%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $205,000 $205,000 $0 4.00%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $175,000 $175,000 $0 4.25%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $125,000 $125,000 $2,354 2.75%

United Fidelity Bank Fsb's top markets include Indianapolis, Atlanta, Columbus, Crestview, and Spartanburg among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 116 $882,240,000 $7,605,517 $3,039 2.96%

For the 2021 period, United Fidelity Bank Fsb's most frequently originated loan type of loans were Conventional, with 116 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 72 $712,390,000 $9,894,306 $3,500 3.04%
Cash Out Refi 24 $124,290,000 $5,178,750 $2,860 2.80%
Refi 19 $45,395,000 $2,389,211 $2,619 2.74%
Home Improvement 1 $165,000 $165,000 $0 5.00%

For the 2021, United Fidelity Bank Fsb's most frequently cited loan purpose of loans were Home Purchase, with 72 originations. The 2nd most popular reason of loans were Cash Out Refi, with 24 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
Other 66 $812,430,000 $12,309,545 $0 2.97%
30 Year 25 $5,385,000 $215,400 $3,060 2.71%
5 Year 11 $24,525,000 $2,229,545 $0 3.75%
15 Year 8 $5,030,000 $628,750 $2,557 2.80%
10 Year 5 $34,305,000 $6,861,000 $0 2.45%
20 Year 1 $565,000 $565,000 $5,882 2.88%

For the 2021, United Fidelity Bank Fsb's most frequently cited loan length of loans were Other, with 66 originations. The 2nd most popular length of loans were 30 Year, with 25 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 30 $5,770,000 $192,333
$1k-2k 1 $65,000 $65,000
$3k-4k 1 $565,000 $565,000
$5k+ 1 $415,000 $415,000

$3,060 of loans were United Fidelity Bank Fsb's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 30 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 43 $441,785,000 $10,274,070
3-4% 34 $266,230,000 $7,830,294
<2.5% 28 $161,660,000 $5,773,571
4-5% 11 $12,565,000 $1,142,273

During 2021, United Fidelity Bank Fsb's average interest rate of loans were 2.71%, while their most frequently originated rate bucket of loans were 2.5-3%, with 43 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$1MM+ 61 $868,815,000 $14,242,869 $0 2.93%
$200k-400k 19 $4,875,000 $256,579 $2,829 2.77%
$100k-200k 16 $2,440,000 $152,500 $2,503 3.01%
$100,000 or less 11 $735,000 $66,818 $2,554 3.14%
$400k-600k 5 $2,315,000 $463,000 $8,948 3.19%
$600k-1MM 4 $3,060,000 $765,000 $2,721 3.22%

2021 saw United Fidelity Bank Fsb place emphasis on $1MM+ loans with 61 originations, totaling $868,815,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k or less 10 $1,250,000 $125,000 $2,699 2.59%
$75k-100k 8 $1,430,000 $178,750 $2,523 2.72%
$50k-75k 7 $1,555,000 $222,143 $2,818 2.57%
$100k-150k 4 $1,050,000 $262,500 $3,506 3.22%
$150k-250k 4 $820,000 $205,000 $2,401 3.56%
$250k+ 2 $660,000 $330,000 $7,675 2.75%

United Fidelity Bank Fsb lent most frequently to those with incomes in the $50k or less range, with 10 originations. The second most popular income band? $75k-100k, with 8 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 11 $2,435,000 $221,364 $2,642 2.82%
<20% 7 $1,155,000 $165,000 $4,053 2.77%
30-36% 7 $1,175,000 $167,857 $2,570 2.86%
37% 3 $395,000 $131,667 $2,706 2.50%
36% 2 $400,000 $200,000 $3,201 2.38%
40% 2 $520,000 $260,000 $2,608 2.81%
38% 1 $305,000 $305,000 $2,962 2.88%
41% 1 $565,000 $565,000 $5,882 2.88%
42% 1 $285,000 $285,000 $2,914 2.63%

United Fidelity Bank Fsb lent most frequently to those with DTI ratios of 20-30%, with 11 originations. The next most common DTI ratio? <20%, with 7 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
Not applicable 80 $874,840,000 $10,935,500 $0 3.02%
White 24 $5,060,000 $210,833 $3,071 2.86%
Not provided 5 $1,055,000 $211,000 $2,722 2.48%
Asian 2 $780,000 $390,000 $4,201 2.69%
Black 5 $505,000 $101,000 $2,679 3.03%

Approval Rates

Total approvals of all applications
84.16%

United Fidelity Bank Fsb has a below average approval rate.

Pick Rate

Approvals leading to origination
77.95%

United Fidelity Bank Fsb has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 116 $882,240,000 $7,605,517

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
116 $882,240,000 $7,605,517

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 7 $26,705,000 $3,815,000 $2,698 2.58%
40-60% 16 $110,320,000 $6,895,000 $2,809 2.74%
60-80% 37 $501,695,000 $13,559,324 $3,642 3.04%
80-100% 18 $115,130,000 $6,396,111 $2,863 2.76%
Over 100% 3 $1,625,000 $541,667 $0 3.58%
Under 20% 35 $126,765,000 $3,621,857 $0 3.09%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
UNITED COMMUNITY BANK Home equity loan or line of credit (HELOC) Trouble during payment process 1 20.0%
UNITED COMMUNITY BANK Other type of mortgage Trouble during payment process 1 20.0%
UNITED COMMUNITY BANK Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 20.0%
UNITED COMMUNITY BANK Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 20.0%
UNITED COMMUNITY BANK Conventional home mortgage Trouble during payment process 1 20.0%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
United Fidelity Bank, FSB 4441 First Avenue Evansville, IN 47710 Full Service B&M $24,288
United Fidelity Bank, FSB 4801 West Lloyd Expressway Evansville, IN 47712 Full Service B&M $22,038
United Fidelity Bank, FSB 500 E 4th St Mount Vernon, IN 47620 Full Service B&M $80,609
United Fidelity Bank, FSB 5025 Anchor Way, Gallows Bay Marketplace Christiansted, VI 820 Full Service B&M $237,549
United Fidelity Bank, FSB 6702 Peters Road Christiansted, VI 820 Full Service Retail $94,104
United Fidelity Bank, FSB 700 South Green River Road Evansville, IN 47715 Full Service B&M $30,037
United Fidelity Bank, FSB 715 Hanover Place Carmel, IN 46032 Full Service B&M $178,681
United Fidelity Bank, FSB 810 E Locust Street Fort Branch, IN 47648 Full Service B&M $19,215
United Fidelity Bank, FSB 8533 Bell Oaks Drive Newburgh, IN 47630 Full Service B&M $34,149
United Fidelity Bank, FSB 978 South Havana Street Aurora, CO 80012 Full Service B&M $17,646
United Fidelity Bank, FSB 10537 South Halsted Street Chicago, IL 60628 Full Service B&M $5,204
United Fidelity Bank, FSB 135 Perry Avenue, S.E. Fort Walton Beach, FL 32548 Full Service B&M $167,113
United Fidelity Bank, FSB 14241 Metro Parkway Fort Myers, FL 33912 Full Service B&M $48,502
United Fidelity Bank, FSB 1701 West 87th Street Chicago, IL 60620 Full Service B&M $42,100
United Fidelity Bank, FSB 18 Nw 4th St Evansville, IN 47708 Full Service B&M $304,701
United Fidelity Bank, FSB 2480 West Alameda Avenue Denver, CO 80223 Full Service B&M $11,181
United Fidelity Bank, FSB 319 N St Joseph Ave Evansville, IN 47712 Full Service B&M $112,673
United Fidelity Bank, FSB 320 North Main Street Saint Elmo, IL 62458 Full Service B&M $17,638
United Fidelity Bank, FSB 363 East U.S. Highway 98 Destin, FL 32541 Full Service B&M $16,770

For 2021, United Fidelity Bank Fsb had 19 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $47,839
Net interest income $42,682
Total noninterest income $51,046
Gross Fiduciary activities income $0
Service charges on deposit accounts $424
Trading account gains and fees $0
Additional Noninterest Income $50,622
Pre-tax net operating income $35,432
Securities gains (or losses, -) $1,628
Income before extraordinary items $31,930
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $31,930
Minority interest net income $0
Net income $31,930
Sale, conversion, retirement of capital stock, net $43,062
Net operating income $30,529

United Fidelity Bank Fsb's gross interest income from loans was $47,839,000.
United Fidelity Bank Fsb's net interest income from loans was $42,682,000.
United Fidelity Bank Fsb's fee based income from loans was $424,000.
United Fidelity Bank Fsb's net income from loans was $31,930,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $5,157
Provision for credit losses $1,800
Total noninterest expense $56,496
Salaries and employee benefits $21,217
Premises and equipment expense $4,649
Additional noninterest expense $30,630
Applicable income taxes $5,130
Net charge-offs $54
Cash dividends $2,277

United Fidelity Bank Fsb's interest expense for loans was $5,157,000.
United Fidelity Bank Fsb's payroll and benefits expense were $21,217,000.
United Fidelity Bank Fsb's property, plant and equipment expenses $4,649,000.

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 1.0%
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 $2,308,386
Deposits held in domestic offices $1,935,257
Deposits by Individuals, partnerships, and corporations $1,433,935
Deposits by U.S. Government $21,000
Deposits by States and political subdivisions in the U.S. $423,262
Deposits by Commercial banks and other depository institutions in U.S. $57,060
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $897,884
Demand deposits $566,308
Nontransaction accounts $1,037,373
Money market deposit accounts (MMDAs) $599,285
Other savings deposits (excluding MMDAs) $86,072
Total time deposits $352,017
Total time and savings deposits $1,368,949
Noninterest-bearing deposits $224,360
Interest-bearing deposits $1,710,897
Retail deposits $1,628,447
IRAs and Keogh plan accounts $9,748
Brokered deposits $223,952
Deposits held in foreign offices $373,129

Assets

Asset Value (in 000's)
Total Assets $2,879,591
Cash & Balances due from depository institutions $17,562
Interest-bearing balances $7,147
Total securities $1,144,919
Federal funds sold & reverse repurchase $0
Net loans and leases $1,141,386
Loan and leases loss allowance $6,433
Trading account assets $0
Bank premises and fixed assets $31,941
Other real estate owned $3,194
Goodwill and other intangibles $2,697
All other assets $537,892

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $2,879,591
Total Liabilities $2,591,247
Total deposits $2,308,386
Interest-bearing deposits $1,866,871
Deposits held in domestic offices $1,935,257
% insured (estimated) $57
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $205,118
Subordinated debt $4,000
All other liabilities $73,743

Issued Loan Types

Type Value (in 000's)
Net loans and leases $1,141,386
Loan and leases loss allowance $6,433
Total loans and leases (domestic) $1,147,819
All real estate loans $1,086,331
Real estate loans in domestic offices $1,017,601
Construction and development loans $13,182
Residential 1-4 family construction $1,816
Other construction, all land development and other land $11,366
Loans secured by nonfarm nonresidential properties $123,314
Nonfarm nonresidential secured by owner-occupied properties $50,827
Commercial real estate & other non-farm, non-residential $72,487
Multifamily residential real estate $717,615
1-4 family residential loans $161,493
Farmland loans $1,997
Loans held in foreign offices $68,730
Farm loans $532
Commercial and industrial loans $47,917
To non-U.S. addressees $0
Loans to individuals $1,720
Credit card loans $0
Related Plans $47
Consumer Auto Loans $482
Other loans to individuals $1,191
All other loans & leases $11,319
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 $68,727
Restructured Loans & leases $224
Non 1-4 family restructured loans & leases $153
Total loans and leases (foreign) $73,428

United Fidelity Bank fsb had $1,141,386,000 of loans outstanding in 2021. $1,086,331,000 of loans were in real estate loans. $13,182,000 of loans were in development loans. $717,615,000 of loans were in multifamily mortgage loans. $161,493,000 of loans were in 1-4 family mortgage loans. $532,000 of loans were in farm loans. $0 of loans were in credit card loans. $482,000 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 $45,872 $273,048
Nonfarm, nonresidential loans - <$100k 32 $1,677 $52,406
Nonfarm, nonresidential loans - $100-250k 40 $4,663 $116,575
Nonfarm, nonresidential loans - $250k-1MM 96 $39,532 $411,792
Commercial & Industrial, US addressed loans - <$1MM 285 $25,789 $90,488
Commercial & Industrial, US addressed loans - <$100k 193 $7,289 $37,767
Commercial & Industrial, US addressed loans - $100-250k 46 $5,638 $122,565
Commercial & Industrial, US addressed loans - $250k-1MM 46 $12,862 $279,609
Farmland loans - <$1MM 15 $1,227 $81,800
Farmland loans - <$100k 7 $231 $33,000
Farmland loans - $100-250k 7 $663 $94,714
Farmland loans - $250k-1MM 1 $333 $333,000
Agriculture operations loans - <$1MM 6 $532 $88,667
Agriculture operations loans - <$100k 3 $53 $17,667
Agriculture operations loans - $100-250k 3 $479 $159,667