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, Augusta, Lewiston, 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

    127

    Origination Dollar Volume (All Markets)

    $22,985,000

    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) 63 $11,585,000 $183,889 $0 0.00%
    Outside of Metro Areas 59 $10,785,000 $182,797 $0 0.00%
    Augusta-Waterville, ME (FHA|USDA|VA) 3 $315,000 $105,000 $0 0.00%
    LEWISTON-AUBURN, ME (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
    BANGOR, ME (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
    First Federal Savings And Loan Association Of Bath's top markets include Portland, Augusta, Lewiston, 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 127 $22,985,000 $180,984 $0 0.00%

    For 2021, First Federal Savings And Loan Association Of Bath's most frequently originated type of loan was Conventional, with 127 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 86 $16,330,000 $189,884 $0 0.00%
    Refi 31 $4,975,000 $160,484 $0 0.00%
    Home Improvement 9 $1,645,000 $182,778 $0 0.00%
    Other 1 $35,000 $35,000 $0 0.00%

    For 2021, First Federal Savings And Loan Association Of Bath's most frequently cited loan purpose was Home Purchase, with 86 originations. The 2nd most popular reason was Refi, with 31 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 127 $22,985,000 $180,984 $0 0.00%

    For 2021, First Federal Savings And Loan Association Of Bath's most frequently cited loan duration was Other, with 127 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 46 $6,520,000 $141,739 $0 0.00%
    $200k-400k 44 $11,270,000 $256,136 $0 0.00%
    $100,000 or less 31 $1,965,000 $63,387 $0 0.00%
    $400k-600k 3 $1,295,000 $431,667 $0 0.00%
    $600k-1MM 3 $1,935,000 $645,000 $0 0.00%

    2021 saw First Federal Savings And Loan Association Of Bath place emphasis on $100k-200k loans with 46 originations, totaling $6,520,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 37 $3,965,000 $107,162 $0 0.00%
    $50k-75k 28 $5,660,000 $202,143 $0 0.00%
    $100k-150k 27 $5,255,000 $194,630 $0 0.00%
    $75k-100k 15 $3,035,000 $202,333 $0 0.00%
    $150k-250k 11 $2,975,000 $270,455 $0 0.00%
    $250k+ 5 $1,435,000 $287,000 $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 37 originations. The second most popular income band? $50k-75k, with 28 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 127 $22,985,000 $180,984 $0 0.00%

    First Federal Savings And Loan Association Of Bath lent most frequently to those with DTI ratios of Exempt%, with 127 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 120 $21,900,000 $182,500 $0 0.00%
    Not applicable 4 $660,000 $165,000 $0 0.00%
    Asian 2 $300,000 $150,000 $0 0.00%
    American Indian 1 $125,000 $125,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.19%

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

    Pick Rate

    Approvals leading to origination
    85.04%

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

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 127 $22,985,000 $180,984

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    127 $22,985,000 $180,984

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    FIRST NATIONAL BANK OF OMAHA Other type of mortgage Struggling to pay mortgage 1 25.0%
    FIRST NATIONAL BANK OF OMAHA Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 25.0%
    FIRST NATIONAL BANK OF OMAHA Conventional home mortgage Trouble during payment process 1 25.0%
    FIRST NATIONAL BANK OF OMAHA FHA mortgage Improper use of your report 1 25.0%

    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 $59,794
    First Federal Savings and Loan Association of Bath 238 Main Street Damariscotta, ME 4543 Full Service B&M $26,924
    First Federal Savings and Loan Association of Bath 41 Townsend Avenue Boothbay Harbor, ME 4538 Full Service B&M $35,959
    First Federal Savings and Loan Association of Bath 55 Congress Avenue Bath, ME 4530 Full Service B&M $19,351
    First Federal Savings and Loan Association of Bath 695 Bath Road Wiscasset, ME 4578 Full Service B&M $6,567

    For 2021, First Federal Savings And Loan Association Of Bath had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $6,124
    Net interest income $5,552
    Total noninterest income $572
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $399
    Trading account gains and fees $0
    Additional Noninterest Income $173
    Pre-tax net operating income $859
    Securities gains (or losses, -) $-92
    Income before extraordinary items $528
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $528
    Minority interest net income $0
    Net income $528
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $600

    First Federal Savings And Loan Association Of Bath's gross interest income from loans was $6,124,000.
    First Federal Savings And Loan Association Of Bath's net interest income from loans was $5,552,000.
    First Federal Savings And Loan Association Of Bath's fee based income from loans was $399,000.
    First Federal Savings And Loan Association Of Bath's net income from loans was $528,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $572
    Provision for credit losses $42
    Total noninterest expense $5,223
    Salaries and employee benefits $2,886
    Premises and equipment expense $753
    Additional noninterest expense $1,584
    Applicable income taxes $239
    Net charge-offs $11
    Cash dividends $0

    First Federal Savings And Loan Association Of Bath's interest expense for loans was $572,000.
    First Federal Savings And Loan Association Of Bath's payroll and benefits expense were $2,886,000.
    First Federal Savings And Loan Association Of Bath's property, plant and equipment expenses $753,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    Commercial & industrial loans 7.0%
    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 $154,192
    Deposits held in domestic offices $154,192
    Deposits by Individuals, partnerships, and corporations $153,959
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $232
    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 $56,231
    Demand deposits $11,782
    Nontransaction accounts $97,960
    Money market deposit accounts (MMDAs) $10,225
    Other savings deposits (excluding MMDAs) $54,590
    Total time deposits $33,144
    Total time and savings deposits $142,409
    Noninterest-bearing deposits $11,538
    Interest-bearing deposits $142,654
    Retail deposits $148,990
    IRAs and Keogh plan accounts $9,702
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $180,036
    Cash & Balances due from depository institutions $45,135
    Interest-bearing balances $44,197
    Total securities $21,136
    Federal funds sold & reverse repurchase $0
    Net loans and leases $106,891
    Loan and leases loss allowance $1,654
    Trading account assets $0
    Bank premises and fixed assets $1,951
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $4,923

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $180,036
    Total Liabilities $155,556
    Total deposits $154,192
    Interest-bearing deposits $142,654
    Deposits held in domestic offices $154,192
    % insured (estimated) $93
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $1,364

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $106,891
    Loan and leases loss allowance $1,654
    Total loans and leases (domestic) $108,545
    All real estate loans $105,226
    Real estate loans in domestic offices $105,226
    Construction and development loans $2,954
    Residential 1-4 family construction $1,999
    Other construction, all land development and other land $955
    Loans secured by nonfarm nonresidential properties $5,957
    Nonfarm nonresidential secured by owner-occupied properties $904
    Commercial real estate & other non-farm, non-residential $5,053
    Multifamily residential real estate $1,152
    1-4 family residential loans $95,163
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $1,271
    To non-U.S. addressees $0
    Loans to individuals $2,048
    Credit card loans $0
    Related Plans $2
    Consumer Auto Loans $214
    Other loans to individuals $1,832
    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 $3,136
    Non 1-4 family restructured loans & leases $283
    Total loans and leases (foreign) $0

    First Federal Savings and Loan Association of Bath had $106,891,000 of loans outstanding in 2021. $105,226,000 of loans were in real estate loans. $2,954,000 of loans were in development loans. $1,152,000 of loans were in multifamily mortgage loans. $95,163,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $214,000 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 35 $5,957 $170,200
    Nonfarm, nonresidential loans - <$100k 11 $464 $42,182
    Nonfarm, nonresidential loans - $100-250k 15 $1,670 $111,333
    Nonfarm, nonresidential loans - $250k-1MM 9 $3,823 $424,778
    Commercial & Industrial, US addressed loans - <$1MM 41 $1,271 $31,000
    Commercial & Industrial, US addressed loans - <$100k 36 $469 $13,028
    Commercial & Industrial, US addressed loans - $100-250k 5 $802 $160,400