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Clifton Bancorp Inc.  (CSBK)
Other Ticker:  
 
    Sector  Financial    Industry S&Ls Savings Banks
   Industry S&Ls Savings Banks
   Sector  Financial
 



 

What are Clifton Bancorp's Business Segments?



One- to Four-Family Residential Loans. The origination of mortgage loans to enable borrowers to purchase or refinance existing homes remains the largest portion of our portfolio. We offer fixed-rate and adjustable-rate mortgage loans with terms of up to 30 years. Borrower demand for adjustable-rate loans versus fixed-rate loans is a function of the level of interest rates, the expectations of changes in the level of interest rates, and the difference between the interest rates and loan fees offered for fixed-rate mortgage loans and the initial period interest rates and loan fees for adjustable-rate loans. The relative amount of fixed-rate mortgage loans and adjustable-rate mortgage loans that we originate at any time is largely determined by the demand for each in a competitive environment and the effect each has on our interest rate risk.

Multi-Family and Commercial Real Estate Loans. To an increasingly greater degree, we offer fixed and adjustable-rate mortgage loans secured by multi-family and commercial real estate. Our multi-family real estate loans are generally secured by a variety of small and mid-size apartment buildings and complexes that generally range from five to 45 units. Our commercial real estate loans are generally secured by commercial real estate, such as strip malls, small retail locations, mixed-use properties and other non-residential buildings.

Residential Construction Loans. To a much lesser extent, we originate loans to finance the construction of residential dwellings. We typically offer construction/permanent loans for the construction of one- to four-family homes to be occupied by the borrower. Construction loans generally have a maximum loan-to-value ratio of 70%. Loan proceeds are disbursed in increments as construction progresses and as independent inspections warrant.

 

   

Clifton Bancorp Tax Rate Companies within the S&Ls Savings Banks Industry


Business Segments Q3
Revenues
(in millions $)
Q3
Income
(in millions $)
(Dec 31 2017)
%
(Profit Margin)
Total 7.86 -0.37 -

Growth rates by Segment Q3
Y/Y Revenue
%
(Dec 31 2017)
Q/Q Revenue
%
Q3
Y/Y Income
%
(Dec 31 2017)
Q/Q Income
%
Total 9.64 % -9.7 % - -

To get more information on Clifton Bancorp's Total segment. Select each division with the arrow.


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