First Federal Savings And Loan Association Of Bath Mortgage Rates, Fees & Info

Bath, ME

LEI: 2549002U96ZPEAFKGZ11

Tax ID: 01-0026062

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    First Federal Savings And Loan Association Of Bath is a smaller mortgage company specializing in Home Purchase and Refi loans. First Federal Savings And Loan Association Of Bath has a high proportion of conventional loans. Their top markets by origination volume include: Portland, Augusta, and Lewiston among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    First Federal Savings And Loan Association Of Bath 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.

    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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    140

    Origination Dollar Volume (All Markets)

    $22,320,000

    Employee count

    35

    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
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 79 $12,125,000 $153,481 $0 0.00%
    Outside of Metro Areas 56 $9,500,000 $169,643 $0 0.00%
    Augusta-Waterville, ME (FHA|USDA|VA) 4 $400,000 $100,000 $0 0.00%
    LEWISTON-AUBURN, ME (FHA|USDA|VA) 1 $295,000 $295,000 $0 0.00%
    First Federal Savings And Loan Association Of Bath's top markets include Portland, Augusta, and Lewiston among others.

    Their top states include:
  • Maine (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 140 $22,320,000 $159,429 $0 0.00%

    For 2018, First Federal Savings And Loan Association Of Bath's most frequently originated type of loan was Conventional, with 140 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 79 $12,045,000 $152,468 $0 0.00%
    Refi 59 $9,955,000 $168,729 $0 0.00%
    Home Improvement 1 $175,000 $175,000 $0 0.00%
    Other 1 $145,000 $145,000 $0 0.00%

    For 2018, First Federal Savings And Loan Association Of Bath's most frequently cited loan purpose was Home Purchase, with 79 originations. The 2nd most popular reason was Refi, with 59 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 140 $22,320,000 $159,429 $0 0.00%

    For 2018, First Federal Savings And Loan Association Of Bath's most frequently cited loan duration was Other, with 140 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 67 $9,465,000 $141,269 $0 0.00%
    $100,000 or less 43 $2,585,000 $60,116 $0 0.00%
    $200k-400k 22 $5,930,000 $269,545 $0 0.00%
    $400k-600k 6 $2,640,000 $440,000 $0 0.00%
    $1MM+ 1 $1,075,000 $1,075,000 $0 0.00%
    $600k-1MM 1 $625,000 $625,000 $0 0.00%

    2018 saw First Federal Savings And Loan Association Of Bath place emphasis on $100k-200k loans with 67 originations, totaling $9,465,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 41 $4,755,000 $115,976 $0 0.00%
    $50k-75k 40 $5,200,000 $130,000 $0 0.00%
    $75k-100k 19 $2,495,000 $131,316 $0 0.00%
    $100k-150k 18 $3,880,000 $215,556 $0 0.00%
    $150k-250k 10 $2,660,000 $266,000 $0 0.00%
    $250k+ 5 $1,135,000 $227,000 $0 0.00%

    First Federal Savings And Loan Association Of Bath lent most frequently to those with incomes in the $50k or less range, with 41 originations. The second most popular income band? $50k-75k, with 40 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 140 $22,320,000 $159,429 $0 0.00%

    First Federal Savings And Loan Association Of Bath lent most frequently to those with DTI ratios of Exempt%, with 140 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 132 $20,050,000 $151,894 $0 0.00%
    Not applicable 7 $2,195,000 $313,571 $0 0.00%
    Vietnamese 1 $75,000 $75,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.73%

    First Federal Savings And Loan Association Of Bath has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    87.86%

    First Federal Savings And Loan Association Of Bath has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 140 $22,320,000 $159,429

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $405,000 $405,000
    Single Family (1-4 Units):Manufactured 27 $2,535,000 $93,889
    Single Family (1-4 Units):Site-Built 112 $19,380,000 $173,036

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 8 $1,130,000 $141,250 $0 0.00%
    40-60% 32 $6,510,000 $203,438 $0 0.00%
    60-80% 51 $8,865,000 $173,824 $0 0.00%
    80-100% 31 $4,775,000 $154,032 $0 0.00%
    Over 100% 1 $185,000 $185,000 $0 0.00%
    Under 20% 17 $855,000 $50,294 $0 0.00%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    FIRST NATIONAL BANK OF OMAHA Conventional home mortgage Struggling to pay mortgage 1 50.0%
    FIRST NATIONAL BANK OF OMAHA Home equity loan or line of credit (HELOC) Closing on a mortgage 1 50.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    First Federal Savings and Loan Association of Bath 125 Front St Bath, ME 4530 Full Service B&M $44,355
    First Federal Savings and Loan Association of Bath 238 Main Street Damariscotta, ME 4543 Full Service B&M $16,465
    First Federal Savings and Loan Association of Bath 41 Townsend Avenue Boothbay Harbor, ME 4538 Full Service B&M $25,469
    First Federal Savings and Loan Association of Bath 55 Congress Avenue Bath, ME 4530 Full Service B&M $14,643
    First Federal Savings and Loan Association of Bath 695 Bath Road Wiscasset, ME 4578 Full Service B&M $3,831

    For 2018, First Federal Savings And Loan Association Of Bath had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $5,901
    Net interest income $5,536
    Total noninterest income $563
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $473
    Trading account gains and fees $0
    Additional Noninterest Income $90
    Pre-tax net operating income $1,515
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,170
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,170
    Minority interest net income $0
    Net income $1,170
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,170

    First Federal Savings And Loan Association Of Bath's gross interest income from loans was $5,901,000.
    First Federal Savings And Loan Association Of Bath's net interest income from loans was $5,536,000.
    First Federal Savings And Loan Association Of Bath's fee based income from loans was $473,000.
    First Federal Savings And Loan Association Of Bath's net income from loans was $1,170,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $365
    Provision for credit losses $132
    Total noninterest expense $4,452
    Salaries and employee benefits $2,400
    Premises and equipment expense $677
    Additional noninterest expense $1,375
    Applicable income taxes $345
    Net charge-offs $80
    Cash dividends $0

    First Federal Savings And Loan Association Of Bath's interest expense for loans was $365,000.
    First Federal Savings And Loan Association Of Bath's payroll and benefits expense were $2,400,000.
    First Federal Savings And Loan Association Of Bath's property, plant and equipment expenses $677,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 2.0%
    Real Estate loans 2.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 3.0%
    HELOC loans 0.0%
    All other family 3.0%
    Commercial & industrial loans 20.0%
    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 $108,395
    Deposits held in domestic offices $108,395
    Deposits by Individuals, partnerships, and corporations $108,199
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $195
    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 $37,388
    Demand deposits $7,813
    Nontransaction accounts $71,006
    Money market deposit accounts (MMDAs) $10,210
    Other savings deposits (excluding MMDAs) $33,992
    Total time deposits $26,805
    Total time and savings deposits $100,581
    Noninterest-bearing deposits $7,772
    Interest-bearing deposits $100,623
    Retail deposits $106,597
    IRAs and Keogh plan accounts $10,388
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $134,013
    Cash & Balances due from depository institutions $10,252
    Interest-bearing balances $9,245
    Total securities $3,936
    Federal funds sold & reverse repurchase $0
    Net loans and leases $113,766
    Loan and leases loss allowance $1,265
    Trading account assets $0
    Bank premises and fixed assets $1,276
    Other real estate owned $72
    Goodwill and other intangibles $0
    All other assets $4,711

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $134,013
    Total Liabilities $112,610
    Total deposits $108,395
    Interest-bearing deposits $100,623
    Deposits held in domestic offices $108,395
    % insured (estimated) $96
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $2,500
    Subordinated debt $0
    All other liabilities $1,715

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $113,766
    Loan and leases loss allowance $1,265
    Total loans and leases (domestic) $115,031
    All real estate loans $112,237
    Real estate loans in domestic offices $112,237
    Construction and development loans $1,941
    Residential 1-4 family construction $753
    Other construction, all land development and other land $1,188
    Loans secured by nonfarm nonresidential properties $7,553
    Nonfarm nonresidential secured by owner-occupied properties $6,088
    Commercial real estate & other non-farm, non-residential $1,465
    Multifamily residential real estate $1,697
    1-4 family residential loans $101,046
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $1,220
    To non-U.S. addressees $0
    Loans to individuals $1,574
    Credit card loans $0
    Related Plans $3
    Consumer Auto Loans $111
    Other loans to individuals $1,460
    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 $3,313
    Non 1-4 family restructured loans & leases $452
    Total loans and leases (foreign) $0

    First Federal Savings and Loan Association of Bath had $113,766,000 of loans outstanding in 2018. $112,237,000 of loans were in real estate loans. $1,941,000 of loans were in development loans. $1,697,000 of loans were in multifamily mortgage loans. $101,046,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $111,000 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 48 $7,552 $157,333
    Nonfarm, nonresidential loans - <$100k 17 $564 $33,176
    Nonfarm, nonresidential loans - $100-250k 19 $2,164 $113,895
    Nonfarm, nonresidential loans - $250k-1MM 12 $4,824 $402,000
    Commercial & Industrial, US addressed loans - <$1MM 35 $1,220 $34,857
    Commercial & Industrial, US addressed loans - <$100k 29 $463 $15,966
    Commercial & Industrial, US addressed loans - $100-250k 6 $757 $126,167