Congressional Bank Mortgage Rates, Fees & Info

Bethesda, MD

LEI: 2549008CZOYIG4FIKS25

Tax ID: 43-2022906

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

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Mortgage Data

Bank Data

Review & Overview

Congressional Bank is a smaller bank specializing in Cash Out Refi and Home Purchase loans. Congressional Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Washington, Columbus, Atlanta, New York, and Tampa among others. We have data for 164 markets. (Some data included below & more in-depth data is available with an active subscription.)

Congressional Bank has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Congressional Bank is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

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.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.32% 4/21/24
30 Year Conventional Refi 6.27% 4/21/24
30 Year Cash-out Refi 6.70% 4/21/24
30 Year FHA Purchase 7.53% 4/21/24
30 Year VA Purchase 5.99% 4/21/24
30 Year USDA Purchase 6.26% 4/21/24
15 Year Conventional Purchase 5.68% 4/21/24
15 Year Conventional Refi 5.81% 4/21/24
15 Year Cash-out Refi 5.81% 4/21/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Congressional Bank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Congressional Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

433

Origination Dollar Volume (All Markets)

$145,155,000

Employee count

191

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
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 67 $69,505,000 $1,037,388 $4,731 5.52%
COLUMBUS, OH (FHA|USDA|VA) 20 $3,620,000 $181,000 $5,767 4.49%
Outside of Metro Areas 18 $3,280,000 $182,222 $7,580 4.64%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 14 $2,740,000 $195,714 $9,147 4.61%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 7 $2,355,000 $336,429 $10,952 4.45%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 11 $2,245,000 $204,091 $7,548 5.08%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 10 $2,160,000 $216,000 $9,288 5.18%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 7 $2,075,000 $296,429 $6,564 3.73%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 5 $1,935,000 $387,000 $6,347 4.40%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 12 $1,690,000 $140,833 $6,361 4.70%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 12 $1,670,000 $139,167 $6,853 5.50%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 8 $1,570,000 $196,250 $7,202 4.01%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 8 $1,500,000 $187,500 $6,918 4.59%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 4 $1,420,000 $355,000 $12,679 4.63%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 6 $1,380,000 $230,000 $6,661 4.42%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 5 $1,195,000 $239,000 $11,971 3.88%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 4 $1,190,000 $297,500 $7,776 4.63%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 3 $1,175,000 $391,667 $11,500 4.00%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 5 $965,000 $193,000 $7,089 4.60%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 4 $930,000 $232,500 $5,748 4.22%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 4 $930,000 $232,500 $8,727 4.88%
SALT LAKE CITY, UT (FHA|USDA|VA) 3 $885,000 $295,000 $11,514 4.88%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 2 $860,000 $430,000 $14,930 4.19%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 3 $855,000 $285,000 $5,110 4.00%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 2 $820,000 $410,000 $24,514 4.44%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 2 $770,000 $385,000 $14,119 4.19%
DAYTON-KETTERING, OH (FHA|USDA|VA) 4 $770,000 $192,500 $7,763 4.53%
AKRON, OH (FHA|USDA|VA) 5 $665,000 $133,000 $7,820 4.55%
Oak Harbor, WA (FHA|USDA|VA) 1 $625,000 $625,000 $13,436 4.00%
Lebanon, NH-VT (FHA|USDA|VA) 3 $615,000 $205,000 $6,389 4.13%
DULUTH, MN-WI (FHA|USDA|VA) 2 $610,000 $305,000 $2,402 3.81%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 3 $595,000 $198,333 $6,971 3.95%
PITTSBURGH, PA (FHA|USDA|VA) 2 $580,000 $290,000 $5,428 4.31%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 2 $550,000 $275,000 $9,597 4.75%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 3 $545,000 $181,667 $9,235 4.04%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 3 $545,000 $181,667 $6,883 6.38%
KANSAS CITY, MO-KS (FHA|USDA|VA) 3 $545,000 $181,667 $5,705 4.54%
OKLAHOMA CITY, OK (FHA|USDA|VA) 2 $540,000 $270,000 $14,120 5.31%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 2 $540,000 $270,000 $7,713 4.63%
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 3 $515,000 $171,667 $4,398 4.75%
KINGSTON, NY (FHA|USDA|VA) 2 $480,000 $240,000 $7,107 4.19%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 2 $470,000 $235,000 $8,504 3.88%
LAWTON, OK (FHA|USDA|VA) 2 $460,000 $230,000 $7,048 5.06%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $460,000 $230,000 $8,216 4.00%
ALBUQUERQUE, NM (FHA|USDA|VA) 2 $450,000 $225,000 $9,181 4.25%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 2 $440,000 $220,000 $4,895 4.63%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 3 $435,000 $145,000 $3,599 5.79%
Laconia, NH (FHA|USDA|VA) 2 $400,000 $200,000 $7,951 5.19%
BOISE CITY, ID (FHA|USDA|VA) 2 $400,000 $200,000 $13,281 4.06%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 2 $400,000 $200,000 $9,347 4.49%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 2 $390,000 $195,000 $7,805 4.44%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $385,000 $385,000 $9,131 4.63%
WORCESTER, MA-CT (FHA|USDA|VA) 2 $380,000 $190,000 $8,599 3.81%
JACKSONVILLE, FL (FHA|USDA|VA) 3 $375,000 $125,000 $3,422 6.21%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $375,000 $375,000 $13,134 4.50%
Bozeman, MT (FHA|USDA|VA) 1 $365,000 $365,000 $18,466 2.88%
FRESNO, CA (FHA|USDA|VA) 1 $355,000 $355,000 $5,881 4.25%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 2 $350,000 $175,000 $4,734 4.62%
LA CROSSE-ONALASKA, WI-MN (FHA|USDA|VA) 1 $345,000 $345,000 $8,255 6.00%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $345,000 $345,000 $11,433 4.25%
BELLINGHAM, WA (FHA|USDA|VA) 1 $335,000 $335,000 $15,226 3.88%
PORT ST. LUCIE, FL (FHA|USDA|VA) 2 $330,000 $165,000 $5,285 4.50%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 1 $325,000 $325,000 $4,405 3.63%
BEND, OR (FHA|USDA|VA) 1 $325,000 $325,000 $9,615 3.63%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $315,000 $315,000 $14,027 5.63%
CARBONDALE-MARION, IL (FHA|USDA|VA) 1 $315,000 $315,000 $3,881 3.99%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $315,000 $315,000 $10,149 5.50%
FAIRBANKS, AK (FHA|USDA|VA) 1 $305,000 $305,000 $16,727 3.99%
VALLEJO, CA (FHA|USDA|VA) 1 $305,000 $305,000 $5,513 4.38%
CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 2 $300,000 $150,000 $6,162 4.63%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 1 $295,000 $295,000 $15,463 5.63%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $285,000 $285,000 $5,697 4.13%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 2 $270,000 $135,000 $5,784 4.81%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 2 $270,000 $135,000 $7,562 4.06%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 2 $270,000 $135,000 $4,286 4.81%
HATTIESBURG, MS (FHA|USDA|VA) 1 $265,000 $265,000 $11,693 4.63%
SAVANNAH, GA (FHA|USDA|VA) 1 $265,000 $265,000 $9,040 3.88%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 1 $265,000 $265,000 $3,475 4.50%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $265,000 $265,000 $4,219 3.99%
OSHKOSH-NEENAH, WI (FHA|USDA|VA) 1 $255,000 $255,000 $13,118 5.63%
BAY CITY, MI (FHA|USDA|VA) 1 $255,000 $255,000 $5,368 5.63%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $255,000 $255,000 $13,269 5.75%
COLUMBIA, SC (FHA|USDA|VA) 2 $250,000 $125,000 $2,980 5.06%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 1 $245,000 $245,000 $5,980 3.63%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 2 $240,000 $120,000 $4,383 6.44%
WILMINGTON, NC (FHA|USDA|VA) 1 $235,000 $235,000 $3,223 4.50%
Jefferson, GA (FHA|USDA|VA) 1 $235,000 $235,000 $13,077 5.63%
RENO, NV (FHA|USDA|VA) 1 $225,000 $225,000 $12,292 4.63%
Adrian, MI (FHA|USDA|VA) 1 $225,000 $225,000 $7,634 4.38%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $225,000 $225,000 $4,653 5.75%
PROVO-OREM, UT (FHA|USDA|VA) 1 $225,000 $225,000 $7,535 4.25%
MADERA, CA (FHA|USDA|VA) 1 $215,000 $215,000 $8,148 4.75%
CANTON-MASSILLON, OH (FHA|USDA|VA) 2 $210,000 $105,000 $7,526 5.38%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $210,000 $105,000 $5,279 2.81%
Hastings, NE (FHA|USDA|VA) 1 $205,000 $205,000 $8,410 4.88%
GREAT FALLS, MT (FHA|USDA|VA) 1 $205,000 $205,000 $4,574 3.99%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 1 $205,000 $205,000 $7,483 4.25%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $195,000 $195,000 $9,220 5.75%
Bemidji, MN (FHA|USDA|VA) 1 $195,000 $195,000 $10,977 3.88%
MERCED, CA (FHA|USDA|VA) 1 $195,000 $195,000 $6,846 4.63%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $195,000 $195,000 $4,556 3.99%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $185,000 $185,000 $2,990 5.25%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $185,000 $185,000 $7,292 4.99%
COLUMBUS, GA-AL (FHA|USDA|VA) 1 $185,000 $185,000 $6,598 3.25%
LOUISVILLE, KY (FHA|USDA|VA) 1 $185,000 $185,000 $7,499 4.25%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 1 $185,000 $185,000 $7,920 4.25%
CHEYENNE, WY (FHA|USDA|VA) 1 $185,000 $185,000 $10,727 4.25%
MORGANTOWN, WV (FHA|USDA|VA) 1 $175,000 $175,000 $9,608 5.50%
Starkville, MS (FHA|USDA|VA) 1 $175,000 $175,000 $10,399 4.13%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $175,000 $175,000 $8,289 5.00%
Meridian, MS (FHA|USDA|VA) 1 $175,000 $175,000 $1,841 4.63%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $175,000 $175,000 $9,705 5.63%
Tullahoma-Manchester, TN (FHA|USDA|VA) 1 $165,000 $165,000 $6,657 5.50%
SPRINGFIELD, MA (FHA|USDA|VA) 1 $165,000 $165,000 $2,482 3.99%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 1 $165,000 $165,000 $8,578 5.13%
Kennett, MO (FHA|USDA|VA) 1 $165,000 $165,000 $9,664 5.13%
Riverton, WY (FHA|USDA|VA) 1 $165,000 $165,000 $9,667 5.13%
Outside of Metro Areas 1 $165,000 $165,000 $3,269 3.88%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 1 $165,000 $165,000 $8,925 5.13%
Freeport, IL (FHA|USDA|VA) 1 $155,000 $155,000 $7,757 4.50%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $155,000 $155,000 $8,663 5.63%
MADISON, WI (FHA|USDA|VA) 1 $155,000 $155,000 $7,812 3.88%
LINCOLN, NE (FHA|USDA|VA) 1 $155,000 $155,000 $8,697 5.63%
SPRINGFIELD, MO (FHA|USDA|VA) 1 $155,000 $155,000 $3,894 4.13%
GREEN BAY, WI (FHA|USDA|VA) 1 $155,000 $155,000 $10,319 4.13%
WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) 1 $155,000 $155,000 $9,827 4.63%
DOVER, DE (FHA|USDA|VA) 1 $155,000 $155,000 $7,459 4.75%
ANNISTON-OXFORD, AL (FHA|USDA|VA) 1 $145,000 $145,000 $7,470 4.63%
Aberdeen, WA (FHA|USDA|VA) 1 $145,000 $145,000 $9,210 4.00%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $145,000 $145,000 $6,564 4.88%
FLORENCE, SC (FHA|USDA|VA) 1 $145,000 $145,000 $7,188 4.75%
HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 1 $145,000 $145,000 $8,748 5.63%
MUSKEGON, MI (FHA|USDA|VA) 1 $135,000 $135,000 $9,103 3.75%
BRUNSWICK, GA (FHA|USDA|VA) 1 $135,000 $135,000 $5,056 4.25%
MOBILE, AL (FHA|USDA|VA) 1 $135,000 $135,000 $3,428 4.25%
PITTSFIELD, MA (FHA|USDA|VA) 1 $135,000 $135,000 $9,072 4.50%
LONGVIEW, WA (FHA|USDA|VA) 1 $135,000 $135,000 $7,047 3.63%
Ashtabula, OH (FHA|USDA|VA) 1 $135,000 $135,000 $8,199 5.75%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $125,000 $125,000 $4,991 4.00%
ROCHESTER, NY (FHA|USDA|VA) 1 $125,000 $125,000 $2,844 5.13%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 1 $125,000 $125,000 $6,437 4.38%
Sturgis, MI (FHA|USDA|VA) 1 $125,000 $125,000 $6,360 4.50%
Zanesville, OH (FHA|USDA|VA) 1 $125,000 $125,000 $6,549 3.88%
Washington Court House, OH (FHA|USDA|VA) 1 $125,000 $125,000 $7,891 4.38%
Lake City, FL (FHA|USDA|VA) 1 $125,000 $125,000 $4,031 4.49%
RALEIGH-CARY, NC (FHA|USDA|VA) 1 $125,000 $125,000 $7,341 5.63%
KNOXVILLE, TN (FHA|USDA|VA) 1 $125,000 $125,000 $9,379 3.88%
Danville, VA (FHA|USDA|VA) 1 $115,000 $115,000 $5,609 4.00%
Jackson, OH (FHA|USDA|VA) 1 $115,000 $115,000 $6,524 4.25%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $105,000 $105,000 $5,317 4.99%
WINSTON-SALEM, NC (FHA|USDA|VA) 1 $105,000 $105,000 $7,843 3.75%
WINCHESTER, VA-WV (FHA|USDA|VA) 1 $105,000 $105,000 $1,645 5.50%
SPRINGFIELD, OH (FHA|USDA|VA) 1 $105,000 $105,000 $6,509 4.25%
Findlay, OH (FHA|USDA|VA) 1 $105,000 $105,000 $6,967 4.00%
GAINESVILLE, FL (FHA|USDA|VA) 1 $105,000 $105,000 $5,680 5.50%
Salem, OH (FHA|USDA|VA) 1 $105,000 $105,000 $8,063 3.88%
Campbellsville, KY (FHA|USDA|VA) 1 $105,000 $105,000 $4,705 4.00%
TULSA, OK (FHA|USDA|VA) 1 $95,000 $95,000 $4,037 5.63%
Danville, KY (FHA|USDA|VA) 1 $85,000 $85,000 $6,185 5.63%
SYRACUSE, NY (FHA|USDA|VA) 1 $75,000 $75,000 $4,543 4.63%
WHEELING, WV-OH (FHA|USDA|VA) 1 $65,000 $65,000 $4,454 4.38%
Holland, MI (FHA|USDA|VA) 1 $65,000 $65,000 $4,089 4.50%
TOLEDO, OH (FHA|USDA|VA) 1 $65,000 $65,000 $4,294 5.50%
Paris, TN (FHA|USDA|VA) 1 $55,000 $55,000 $5,396 5.13%
Congressional Bank's top markets include Washington, Columbus, Atlanta, New York, and Tampa among others.

Their top states include:
  • District of Columbia (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • California (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 194 $97,980,000 $505,052 $5,683 4.88%
    FHA 123 $22,775,000 $185,163 $9,631 4.83%
    VA 105 $23,025,000 $219,286 $7,809 4.49%
    USDA 11 $1,375,000 $125,000 $5,820 4.10%

    For 2019, Congressional Bank's most frequently originated type of loan was Conventional, with 194 originations. Their 2nd most popular type was FHA, with 123 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 191 $68,375,000 $357,984 $9,079 4.69%
    Home Purchase 172 $54,050,000 $314,244 $6,564 5.07%
    Refi 65 $18,835,000 $289,769 $5,554 4.04%
    Home Improvement 5 $3,895,000 $779,000 $5,408 5.35%

    For 2019, Congressional Bank's most frequently cited loan purpose was Cash Out Refi, with 191 originations. The 2nd most popular reason was Home Purchase, with 172 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 346 $73,300,000 $211,850 $7,819 4.62%
    Other 29 $45,015,000 $1,552,241 $3,129 5.54%
    1 Year 20 $18,230,000 $911,500 $5,184 6.07%
    15 Year 13 $3,145,000 $241,923 $7,192 3.83%
    20 Year 9 $2,285,000 $253,889 $5,376 3.92%
    5 Year 9 $2,845,000 $316,111 $0 5.67%
    10 Year 7 $335,000 $47,857 $728 5.98%

    For 2019, Congressional Bank's most frequently cited loan duration was 30 Year, with 346 originations. The 2nd most popular length was Other, with 29 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 104 $27,500,000 $264,423
    $1k-2k 89 $21,995,000 $247,135
    $4k-5k 56 $11,150,000 $199,107
    $3k-4k 55 $9,155,000 $166,455
    $2k-3k 53 $9,415,000 $177,642
    $<1k 24 $2,330,000 $97,083

    Congressional Bank's average total fees were $7,819, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 104 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 171 $34,685,000 $202,836
    5-6% 122 $50,100,000 $410,656
    3-4% 111 $28,405,000 $255,901
    6-7% 21 $31,225,000 $1,486,905
    7-8% 5 $165,000 $33,000
    Over 8% 1 $205,000 $205,000
    2.5-3% 1 $365,000 $365,000
    <2.5% 1 $5,000 $5,000

    During 2019, Congressional Bank's average interest rate for loans was 4.62%, while their most frequently originated rate bucket for loans was 4-5%, with 171 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 191 $28,945,000 $151,545 $6,985 4.61%
    $200k-400k 151 $41,605,000 $275,530 $8,518 4.58%
    $100,000 or less 29 $1,555,000 $53,621 $3,493 5.37%
    $400k-600k 25 $11,815,000 $472,600 $13,232 4.74%
    $1MM+ 22 $50,680,000 $2,303,636 $7,942 5.99%
    $600k-1MM 15 $10,555,000 $703,667 $5,731 5.32%

    2019 saw Congressional Bank place emphasis on $100k-200k loans with 191 originations, totaling $28,945,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 134 $24,330,000 $181,567 $7,489 4.70%
    $50k or less 94 $13,580,000 $144,468 $6,411 4.53%
    $75k-100k 70 $16,150,000 $230,714 $8,335 4.60%
    $100k-150k 48 $13,830,000 $288,125 $9,622 4.51%
    $150k-250k 23 $8,145,000 $354,130 $7,139 4.39%
    $250k+ 8 $5,010,000 $626,250 $4,734 4.84%

    Congressional Bank lent most frequently to those with incomes in the $50k-75k range, with 134 originations. The second most popular income band? $50k or less, with 94 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 64 $14,650,000 $228,906 $7,118 4.57%
    20-30% 53 $11,005,000 $207,642 $6,182 4.42%
    50-60% 52 $11,020,000 $211,923 $9,117 4.61%
    43% 22 $4,400,000 $200,000 $6,141 4.84%
    37% 20 $4,090,000 $204,500 $7,259 4.68%
    44% 18 $4,630,000 $257,222 $6,956 4.24%
    46% 17 $3,725,000 $219,118 $9,170 4.48%
    40% 17 $3,415,000 $200,882 $7,609 4.79%
    45% 15 $2,795,000 $186,333 $8,136 5.03%
    48% 15 $3,015,000 $201,000 $8,806 4.88%
    49% 14 $2,640,000 $188,571 $6,962 4.78%
    38% 13 $2,495,000 $191,923 $6,478 4.72%
    41% 12 $3,270,000 $272,500 $11,360 4.35%
    47% 11 $2,355,000 $214,091 $8,122 4.34%
    39% 10 $2,020,000 $202,000 $7,805 4.25%
    36% 10 $1,940,000 $194,000 $8,748 5.09%
    <20% 7 $1,595,000 $227,857 $4,351 4.43%
    42% 5 $1,145,000 $229,000 $8,852 4.42%
    >60% 2 $760,000 $380,000 $3,215 4.75%

    Congressional Bank lent most frequently to those with DTI ratios of 30-36%, with 64 originations. The next most common DTI ratio? 20-30%, with 53 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 49 $62,435,000 $1,274,184 $0 5.97%
    White 282 $59,000,000 $209,220 $7,493 4.60%
    Black 62 $12,630,000 $203,710 $8,005 4.64%
    Not provided 35 $9,935,000 $283,857 $6,706 4.46%
    Asian 3 $955,000 $318,333 $14,018 4.25%
    American Indian 1 $135,000 $135,000 $6,267 5.00%
    Native Hawaiian or Islander 1 $65,000 $65,000 $5,540 5.63%

    Approval Rates

    Total approvals of all applications
    60.57%

    Congressional Bank has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    35.57%

    Congressional Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 433 $145,155,000 $335,231

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $14,260,000 $3,565,000
    Single Family (1-4 Units):Site-Built 429 $130,895,000 $305,117

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 10 $2,750,000 $275,000 $5,175 4.01%
    40-60% 43 $33,565,000 $780,581 $6,268 4.79%
    60-80% 126 $55,130,000 $437,540 $7,256 4.84%
    80-100% 236 $51,940,000 $220,085 $8,197 4.70%
    Over 100% 7 $1,445,000 $206,429 $9,815 4.39%
    Under 20% 9 $45,000 $5,000 $51 5.78%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Congressional Bank 150 Elden Street Suite 170 Herndon, VA 20170 Full Service B&M $66,462
    Congressional Bank 1700 Rockville Pike Rockville, MD 20852 Full Service B&M $241,652
    Congressional Bank 2101 K Street Northwest Washington, DC 20037 Full Service B&M $82,516
    Congressional Bank 4801-A Montgomery Lane Bethesda, MD 20814 Full Service B&M $113,635
    Congressional Bank 6701 Democracy Blvd., Suite 400 Bethesda, MD 20817 Limited, Administrative $0
    Congressional Bank 7963 Tuckerman Lane Potomac, MD 20854 Full Service B&M $418,282

    For 2019, Congressional Bank had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $63,421
    Net interest income $51,013
    Total noninterest income $19,521
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $461
    Trading account gains and fees $0
    Additional Noninterest Income $19,060
    Pre-tax net operating income $10,513
    Securities gains (or losses, -) $-113
    Income before extraordinary items $7,554
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $7,554
    Minority interest net income $0
    Net income $7,554
    Sale, conversion, retirement of capital stock, net $739
    Net operating income $7,643

    Congressional Bank's gross interest income from loans was $63,421,000.
    Congressional Bank's net interest income from loans was $51,013,000.
    Congressional Bank's fee based income from loans was $461,000.
    Congressional Bank's net income from loans was $7,554,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $12,408
    Provision for credit losses $4,470
    Total noninterest expense $55,551
    Salaries and employee benefits $33,332
    Premises and equipment expense $6,159
    Additional noninterest expense $16,060
    Applicable income taxes $2,846
    Net charge-offs $2,922
    Cash dividends $0

    Congressional Bank's interest expense for loans was $12,408,000.
    Congressional Bank's payroll and benefits expense were $33,332,000.
    Congressional Bank's property, plant and equipment expenses $6,159,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 3.0%
    Real Estate loans 4.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 3.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 8.0%
    HELOC loans 4.0%
    All other family 8.0%
    Commercial & industrial loans 3.0%
    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 $925,967
    Deposits held in domestic offices $925,967
    Deposits by Individuals, partnerships, and corporations $909,574
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $13,923
    Deposits by Commercial banks and other depository institutions in U.S. $2,470
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $313,137
    Demand deposits $257,821
    Nontransaction accounts $612,830
    Money market deposit accounts (MMDAs) $275,397
    Other savings deposits (excluding MMDAs) $35,610
    Total time deposits $301,822
    Total time and savings deposits $668,146
    Noninterest-bearing deposits $257,873
    Interest-bearing deposits $668,094
    Retail deposits $761,639
    IRAs and Keogh plan accounts $7,473
    Brokered deposits $120,864
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,111,391
    Cash & Balances due from depository institutions $203,045
    Interest-bearing balances $183,524
    Total securities $28,438
    Federal funds sold & reverse repurchase $114
    Net loans and leases $813,814
    Loan and leases loss allowance $7,063
    Trading account assets $0
    Bank premises and fixed assets $3,111
    Other real estate owned $202
    Goodwill and other intangibles $29,761
    All other assets $32,906

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,111,391
    Total Liabilities $940,477
    Total deposits $925,967
    Interest-bearing deposits $668,094
    Deposits held in domestic offices $925,967
    % insured (estimated) $65
    Federal funds purchased and repurchase agreements $523
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $13,987

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $813,814
    Loan and leases loss allowance $7,063
    Total loans and leases (domestic) $820,877
    All real estate loans $448,647
    Real estate loans in domestic offices $448,647
    Construction and development loans $63,682
    Residential 1-4 family construction $23,304
    Other construction, all land development and other land $40,378
    Loans secured by nonfarm nonresidential properties $249,834
    Nonfarm nonresidential secured by owner-occupied properties $161,469
    Commercial real estate & other non-farm, non-residential $88,365
    Multifamily residential real estate $10,038
    1-4 family residential loans $125,093
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $351,443
    To non-U.S. addressees $0
    Loans to individuals $20,787
    Credit card loans $0
    Related Plans $54
    Consumer Auto Loans $0
    Other loans to individuals $20,733
    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 $943
    Non 1-4 family restructured loans & leases $8
    Total loans and leases (foreign) $0

    Congressional Bank had $813,814,000 of loans outstanding in 2019. $448,647,000 of loans were in real estate loans. $63,682,000 of loans were in development loans. $10,038,000 of loans were in multifamily mortgage loans. $125,093,000 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 41 $15,381 $375,146
    Nonfarm, nonresidential loans - <$100k 3 $114 $38,000
    Nonfarm, nonresidential loans - $100-250k 11 $1,503 $136,636
    Nonfarm, nonresidential loans - $250k-1MM 27 $13,764 $509,778
    Commercial & Industrial, US addressed loans - <$1MM 75 $10,425 $139,000
    Commercial & Industrial, US addressed loans - <$100k 18 $184 $10,222
    Commercial & Industrial, US addressed loans - $100-250k 27 $1,197 $44,333
    Commercial & Industrial, US addressed loans - $250k-1MM 30 $9,044 $301,467