Desjardins Bank Mortgage Rates, Fees & Info
Hallandale Beach, FLLEI: 549300U37SC1LBUJFV92
Tax ID: 65-0315279
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Mortgage Data
Bank Data
Review & Overview
Desjardins Bank is a smaller bank specializing in Home Purchase and Refi loans. Desjardins Bank has a high proportion of conventional loans. Their top markets by origination volume include: Miami, Orlando, Tampa, Lakeland, and Naples among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)Desjardins Bank has an above 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
85Origination Dollar Volume (All Markets)
$32,945,000Employee count
47Top 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 |
|---|---|---|---|---|---|
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 52 | $19,600,000 | $376,923 | $0 | 0.00% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 12 | $3,640,000 | $303,333 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $3,460,000 | $1,730,000 | $0 | 0.00% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 7 | $1,755,000 | $250,714 | $0 | 0.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $1,005,000 | $1,005,000 | $0 | 0.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 3 | $995,000 | $331,667 | $0 | 0.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $820,000 | $410,000 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 1 | $635,000 | $635,000 | $0 | 0.00% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $0 | 0.00% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 85 | $32,945,000 | $387,588 | $0 | 0.00% |
For 2020, Desjardins Bank's most frequently originated type of loan was Conventional, with 85 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 68 | $23,480,000 | $345,294 | $0 | 0.00% |
| Refi | 17 | $9,465,000 | $556,765 | $0 | 0.00% |
For 2020, Desjardins Bank's most frequently cited loan purpose was Home Purchase, with 68 originations. The 2nd most popular reason was Refi, with 17 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 85 | $32,945,000 | $387,588 | $0 | 0.00% |
For 2020, Desjardins Bank's most frequently cited loan duration was Other, with 85 originations.
Loan Sizing
2020 saw Desjardins Bank place emphasis on $200k-400k loans with 27 originations, totaling $7,235,000 in origination value.
Applicant Income
Desjardins Bank lent most frequently to those with incomes in the $100k-150k range, with 12 originations. The second most popular income band? $150k-250k, with 12 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 85 | $32,945,000 | $387,588 | $0 | 0.00% |
Desjardins Bank lent most frequently to those with DTI ratios of Exempt%, with 85 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.38%
Desjardins Bank has an average approval rate.
Pick Rate
Approvals leading to origination77.65%
Desjardins Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 85 | $32,945,000 | $387,588 |
Occupancy Type Mix
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Desjardins Bank, National Association | 1001 East Hallandale Beach Boulevard Hallandale, FL 33009 | Full Service B&M | $112,892 |
| Desjardins Bank, National Association | 1070 Gateway Blvd Boynton Beach, FL 33426 | Full Service B&M | $6,571 |
| Desjardins Bank, National Association | 2741 E. Atlantic Blvd. Pompano Beach, FL 33062 | Full Service B&M | $26,697 |
| Desjardins Bank, National Association | 7329 W. Oakland Park Blvd. Lauderhill, FL 33319 | Full Service B&M | $17,365 |
For 2020, Desjardins Bank had 4 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $8,581 |
| Net interest income | $8,424 |
| Total noninterest income | $2,013 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $982 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $1,031 |
| Pre-tax net operating income | $845 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $630 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $630 |
| Minority interest net income | $0 |
| Net income | $630 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $630 |
Desjardins Bank's gross interest income from loans was $8,581,000.
Desjardins Bank's net interest income from loans was $8,424,000.
Desjardins Bank's fee based income from loans was $982,000.
Desjardins Bank's net income from loans was $630,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $157 |
| Provision for credit losses | $65 |
| Total noninterest expense | $9,527 |
| Salaries and employee benefits | $4,649 |
| Premises and equipment expense | $1,885 |
| Additional noninterest expense | $2,993 |
| Applicable income taxes | $215 |
| Net charge-offs | $0 |
| Cash dividends | $0 |
Desjardins Bank's interest expense for loans was $157,000.
Desjardins Bank's payroll and benefits expense were $4,649,000.
Desjardins Bank's property, plant and equipment expenses $1,885,000.
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 | $209,394 |
| Deposits held in domestic offices | $209,394 |
| Deposits by Individuals, partnerships, and corporations | $201,953 |
| 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. | $5,961 |
| Deposits by Banks in foreign countries | $1,481 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $185,879 |
| Demand deposits | $172,599 |
| Nontransaction accounts | $23,516 |
| Money market deposit accounts (MMDAs) | $1,456 |
| Other savings deposits (excluding MMDAs) | $1,945 |
| Total time deposits | $20,115 |
| Total time and savings deposits | $36,796 |
| Noninterest-bearing deposits | $174,196 |
| Interest-bearing deposits | $35,197 |
| Retail deposits | $193,146 |
| IRAs and Keogh plan accounts | $0 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $243,701 |
| Cash & Balances due from depository institutions | $49,495 |
| Interest-bearing balances | $46,836 |
| Total securities | $11,818 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $178,340 |
| Loan and leases loss allowance | $2,374 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $1,327 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $2,721 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $243,701 |
| Total Liabilities | $211,094 |
| Total deposits | $209,394 |
| Interest-bearing deposits | $35,197 |
| Deposits held in domestic offices | $209,394 |
| % insured (estimated) | $74 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $1,700 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $178,340 |
| Loan and leases loss allowance | $2,374 |
| Total loans and leases (domestic) | $180,714 |
| All real estate loans | $164,180 |
| Real estate loans in domestic offices | $164,180 |
| Construction and development loans | $0 |
| Residential 1-4 family construction | $0 |
| Other construction, all land development and other land | $0 |
| Loans secured by nonfarm nonresidential properties | $2,205 |
| Nonfarm nonresidential secured by owner-occupied properties | $0 |
| Commercial real estate & other non-farm, non-residential | $2,205 |
| Multifamily residential real estate | $6,519 |
| 1-4 family residential loans | $155,456 |
| Farmland loans | $0 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $5,766 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $10,685 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $0 |
| Other loans to individuals | $10,685 |
| All other loans & leases | $83 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $83 |
| 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 | $754 |
| Non 1-4 family restructured loans & leases | $0 |
| Total loans and leases (foreign) | $0 |
Desjardins Bank had $178,340,000 of loans outstanding in 2020. $164,180,000 of loans were in real estate loans. $0 of loans were in development loans. $6,519,000 of loans were in multifamily mortgage loans. $155,456,000 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 | 5 | $2,204 | $440,800 |
| Nonfarm, nonresidential loans - $100-250k | 1 | $139 | $139,000 |
| Nonfarm, nonresidential loans - $250k-1MM | 4 | $2,065 | $516,250 |
| Commercial & Industrial, US addressed loans - <$1MM | 26 | $1,860 | $71,538 |
| Commercial & Industrial, US addressed loans - <$100k | 15 | $209 | $13,933 |
| Commercial & Industrial, US addressed loans - $100-250k | 7 | $388 | $55,429 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 4 | $1,263 | $315,750 |