First Savings And Loan Association Mortgage Rates, Fees & Info
Mebane, NCLEI: 549300RV4T4YZCSHWF37
Tax ID: 56-0319795
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Mortgage Data
Bank Data
Review & Overview
First Savings And Loan Association is a smaller mortgage company specializing in Home Purchase loans. First Savings And Loan Association has a high proportion of conventional loans. Their top markets by origination volume include: Burlington, Durham, and Greensboro among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)First Savings And Loan Association has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
30Origination Dollar Volume (All Markets)
$5,640,000Employee count
6Top 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 |
|---|---|---|---|---|---|
| BURLINGTON, NC (FHA|USDA|VA) | 24 | $4,560,000 | $190,000 | $0 | 0.00% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $0 | 0.00% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $185,000 | $185,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 30 | $5,640,000 | $188,000 | $0 | 0.00% |
For 2019, First Savings And Loan Association's most frequently originated type of loan was Conventional, with 30 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 22 | $4,620,000 | $210,000 | $0 | 0.00% |
| Refi | 8 | $1,020,000 | $127,500 | $0 | 0.00% |
For 2019, First Savings And Loan Association's most frequently cited loan purpose was Home Purchase, with 22 originations. The 2nd most popular reason was Refi, with 8 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 30 | $5,640,000 | $188,000 | $0 | 0.00% |
For 2019, First Savings And Loan Association's most frequently cited loan duration was Other, with 30 originations.
Loan Sizing
2019 saw First Savings And Loan Association place emphasis on $100k-200k loans with 13 originations, totaling $1,875,000 in origination value.
Applicant Income
First Savings And Loan Association lent most frequently to those with incomes in the $100k-150k range, with 8 originations. The second most popular income band? $50k or less, with 6 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 30 | $5,640,000 | $188,000 | $0 | 0.00% |
First Savings And Loan Association lent most frequently to those with DTI ratios of Exempt%, with 30 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications85.42%
First Savings And Loan Association has an average approval rate.
Pick Rate
Approvals leading to origination63.33%
First Savings And Loan Association 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 | 30 | $5,640,000 | $188,000 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 30 | $5,640,000 | $188,000 |
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| First American Solutions, LLC | VA mortgage | Closing on a mortgage | 1 | 100.0% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| First Savings and Loan Association | 206 West Center Street Mebane, NC 27302 | Full Service B&M | $43,387 |
For 2019, First Savings And Loan Association had 1 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $2,273 |
| Net interest income | $1,454 |
| Total noninterest income | $78 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $0 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $78 |
| Pre-tax net operating income | $98 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $104 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $104 |
| Minority interest net income | $0 |
| Net income | $104 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $104 |
First Savings And Loan Association's gross interest income from loans was $2,273,000.
First Savings And Loan Association's net interest income from loans was $1,454,000.
First Savings And Loan Association's fee based income from loans was $0.
First Savings And Loan Association's net income from loans was $104,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $819 |
| Provision for credit losses | $-20 |
| Total noninterest expense | $1,454 |
| Salaries and employee benefits | $812 |
| Premises and equipment expense | $65 |
| Additional noninterest expense | $577 |
| Applicable income taxes | $-6 |
| Net charge-offs | $0 |
| Cash dividends | $0 |
First Savings And Loan Association's interest expense for loans was $819,000.
First Savings And Loan Association's payroll and benefits expense were $812,000.
First Savings And Loan Association's property, plant and equipment expenses $65,000.
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 | $42,759 |
| Deposits held in domestic offices | $42,759 |
| Deposits by Individuals, partnerships, and corporations | $42,759 |
| Deposits by U.S. Government | $0 |
| 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 | $0 |
| Demand deposits | $0 |
| Nontransaction accounts | $42,759 |
| Money market deposit accounts (MMDAs) | $1,950 |
| Other savings deposits (excluding MMDAs) | $4,864 |
| Total time deposits | $35,944 |
| Total time and savings deposits | $42,759 |
| Noninterest-bearing deposits | $0 |
| Interest-bearing deposits | $42,759 |
| Retail deposits | $37,222 |
| IRAs and Keogh plan accounts | $3,499 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $55,897 |
| Cash & Balances due from depository institutions | $2,362 |
| Interest-bearing balances | $1,472 |
| Total securities | $11,651 |
| Federal funds sold & reverse repurchase | $5,304 |
| Net loans and leases | $33,926 |
| Loan and leases loss allowance | $184 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $114 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $2,540 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $55,897 |
| Total Liabilities | $43,355 |
| Total deposits | $42,759 |
| Interest-bearing deposits | $42,759 |
| Deposits held in domestic offices | $42,759 |
| % insured (estimated) | $94 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $596 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $33,926 |
| Loan and leases loss allowance | $184 |
| Total loans and leases (domestic) | $34,110 |
| All real estate loans | $34,110 |
| Real estate loans in domestic offices | $34,110 |
| Construction and development loans | $858 |
| Residential 1-4 family construction | $858 |
| Other construction, all land development and other land | $0 |
| Loans secured by nonfarm nonresidential properties | $856 |
| Nonfarm nonresidential secured by owner-occupied properties | $812 |
| Commercial real estate & other non-farm, non-residential | $44 |
| Multifamily residential real estate | $0 |
| 1-4 family residential loans | $32,396 |
| 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 | $0 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $0 |
| 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 | $0 |
| Non 1-4 family restructured loans & leases | $0 |
| Total loans and leases (foreign) | $0 |
First Savings and Loan Association had $33,926,000 of loans outstanding in 2019. $34,110,000 of loans were in real estate loans. $858,000 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $32,396,000 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 | 8 | $856 | $107,000 |
| Nonfarm, nonresidential loans - <$100k | 1 | $44 | $44,000 |
| Nonfarm, nonresidential loans - $100-250k | 4 | $245 | $61,250 |
| Nonfarm, nonresidential loans - $250k-1MM | 3 | $567 | $189,000 |