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

Bath, ME

LEI: 2549002U96ZPEAFKGZ11

Tax ID: 01-0026062

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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, Lewiston, Augusta, and Bangor among others. We have data for 5 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.

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    Originations

    145

    Origination Dollar Volume (All Markets)

    $21,725,000

    Employee count

    37

    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) 82 $12,650,000 $154,268 $0 0.00%
    Outside of Metro Areas 55 $8,065,000 $146,636 $0 0.00%
    LEWISTON-AUBURN, ME (FHA|USDA|VA) 4 $510,000 $127,500 $0 0.00%
    Augusta-Waterville, ME (FHA|USDA|VA) 3 $405,000 $135,000 $0 0.00%
    BANGOR, ME (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
    First Federal Savings And Loan Association Of Bath's top markets include Portland, Lewiston, Augusta, and Bangor among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 145 $21,725,000 $149,828 $0 0.00%

    For 2019, First Federal Savings And Loan Association Of Bath's most frequently originated type of loan was Conventional, with 145 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 80 $13,280,000 $166,000 $0 0.00%
    Refi 59 $7,845,000 $132,966 $0 0.00%
    Home Improvement 4 $510,000 $127,500 $0 0.00%
    Other 2 $90,000 $45,000 $0 0.00%

    For 2019, First Federal Savings And Loan Association Of Bath's most frequently cited loan purpose was Home Purchase, with 80 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 145 $21,725,000 $149,828 $0 0.00%

    For 2019, First Federal Savings And Loan Association Of Bath's most frequently cited loan duration was Other, with 145 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 57 $8,385,000 $147,105 $0 0.00%
    $100,000 or less 53 $3,215,000 $60,660 $0 0.00%
    $200k-400k 31 $8,045,000 $259,516 $0 0.00%
    $400k-600k 4 $2,080,000 $520,000 $0 0.00%

    2019 saw First Federal Savings And Loan Association Of Bath place emphasis on $100k-200k loans with 57 originations, totaling $8,385,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 46 $5,380,000 $116,957 $0 0.00%
    $50k or less 37 $3,735,000 $100,946 $0 0.00%
    $100k-150k 24 $4,810,000 $200,417 $0 0.00%
    $75k-100k 21 $3,565,000 $169,762 $0 0.00%
    $250k+ 7 $2,585,000 $369,286 $0 0.00%
    $150k-250k 6 $1,040,000 $173,333 $0 0.00%

    First Federal Savings And Loan Association Of Bath lent most frequently to those with incomes in the $50k-75k range, with 46 originations. The second most popular income band? $50k or less, with 37 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 145 $21,725,000 $149,828 $0 0.00%

    First Federal Savings And Loan Association Of Bath lent most frequently to those with DTI ratios of Exempt%, with 145 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 140 $21,020,000 $150,143 $0 0.00%
    Not applicable 4 $610,000 $152,500 $0 0.00%
    Vietnamese 1 $95,000 $95,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.33%

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

    Pick Rate

    Approvals leading to origination
    84.14%

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

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 145 $21,725,000 $149,828

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $225,000 $225,000
    Single Family (1-4 Units):Manufactured 28 $2,240,000 $80,000
    Single Family (1-4 Units):Site-Built 116 $19,260,000 $166,034

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    FIRST NATIONAL BANK OF OMAHA Conventional home mortgage Struggling to pay mortgage 1 16.7%
    FIRST NATIONAL BANK OF OMAHA Conventional home mortgage Trouble during payment process 3 50.0%
    FIRST NATIONAL BANK OF OMAHA Conventional home mortgage Closing on a mortgage 2 33.3%

    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 $45,738
    First Federal Savings and Loan Association of Bath 238 Main Street Damariscotta, ME 4543 Full Service B&M $16,889
    First Federal Savings and Loan Association of Bath 41 Townsend Avenue Boothbay Harbor, ME 4538 Full Service B&M $25,806
    First Federal Savings and Loan Association of Bath 55 Congress Avenue Bath, ME 4530 Full Service B&M $15,637
    First Federal Savings and Loan Association of Bath 695 Bath Road Wiscasset, ME 4578 Full Service B&M $4,624

    For 2019, First Federal Savings And Loan Association Of Bath had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $6,440
    Net interest income $5,942
    Total noninterest income $568
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $458
    Trading account gains and fees $0
    Additional Noninterest Income $110
    Pre-tax net operating income $1,601
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,272
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,272
    Minority interest net income $0
    Net income $1,272
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,272

    First Federal Savings And Loan Association Of Bath's gross interest income from loans was $6,440,000.
    First Federal Savings And Loan Association Of Bath's net interest income from loans was $5,942,000.
    First Federal Savings And Loan Association Of Bath's fee based income from loans was $458,000.
    First Federal Savings And Loan Association Of Bath's net income from loans was $1,272,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $498
    Provision for credit losses $132
    Total noninterest expense $4,777
    Salaries and employee benefits $2,599
    Premises and equipment expense $776
    Additional noninterest expense $1,402
    Applicable income taxes $329
    Net charge-offs $-43
    Cash dividends $0

    First Federal Savings And Loan Association Of Bath's interest expense for loans was $498,000.
    First Federal Savings And Loan Association Of Bath's payroll and benefits expense were $2,599,000.
    First Federal Savings And Loan Association Of Bath's property, plant and equipment expenses $776,000.

    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 2.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 2.0%
    HELOC loans 0.0%
    All other family 2.0%
    Commercial & industrial loans 21.0%
    Personal loans 1.0%
    Credit card loans 0.0%
    Other individual loans 1.0%
    Auto loans 0.0%
    Other consumer loans 1.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $110,329
    Deposits held in domestic offices $110,329
    Deposits by Individuals, partnerships, and corporations $110,117
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $212
    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 $35,841
    Demand deposits $7,045
    Nontransaction accounts $74,488
    Money market deposit accounts (MMDAs) $8,815
    Other savings deposits (excluding MMDAs) $36,108
    Total time deposits $29,564
    Total time and savings deposits $103,284
    Noninterest-bearing deposits $6,941
    Interest-bearing deposits $103,388
    Retail deposits $106,853
    IRAs and Keogh plan accounts $9,926
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $134,853
    Cash & Balances due from depository institutions $8,549
    Interest-bearing balances $7,554
    Total securities $3,058
    Federal funds sold & reverse repurchase $0
    Net loans and leases $115,907
    Loan and leases loss allowance $1,440
    Trading account assets $0
    Bank premises and fixed assets $2,223
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $5,116

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $134,852
    Total Liabilities $112,205
    Total deposits $110,329
    Interest-bearing deposits $103,388
    Deposits held in domestic offices $110,329
    % insured (estimated) $97
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $1,876

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $115,907
    Loan and leases loss allowance $1,440
    Total loans and leases (domestic) $117,347
    All real estate loans $114,562
    Real estate loans in domestic offices $114,562
    Construction and development loans $2,452
    Residential 1-4 family construction $1,499
    Other construction, all land development and other land $953
    Loans secured by nonfarm nonresidential properties $7,176
    Nonfarm nonresidential secured by owner-occupied properties $6,355
    Commercial real estate & other non-farm, non-residential $821
    Multifamily residential real estate $822
    1-4 family residential loans $104,112
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $1,108
    To non-U.S. addressees $0
    Loans to individuals $1,677
    Credit card loans $0
    Related Plans $2
    Consumer Auto Loans $116
    Other loans to individuals $1,559
    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 $2,859
    Non 1-4 family restructured loans & leases $296
    Total loans and leases (foreign) $0

    First Federal Savings and Loan Association of Bath had $115,907,000 of loans outstanding in 2019. $114,562,000 of loans were in real estate loans. $2,452,000 of loans were in development loans. $822,000 of loans were in multifamily mortgage loans. $104,112,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $116,000 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 42 $7,176 $170,857
    Nonfarm, nonresidential loans - <$100k 42 $7,176 $170,857