The Lowell Five Cent Savings Bank Mortgage Rates, Fees & Info

Tewksbury, MA

LEI: 254900F213LCBO4VGA06

Tax ID: 45-3131005

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Mortgage Data

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

    The Lowell Five Cent Savings Bank is a smaller bank specializing in Home Purchase and Refi loans. The Lowell Five Cent Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Manchester, Worcester, Barnstable Town, and Laconia among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The Lowell Five Cent Savings Bank 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.

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    Originations

    223

    Origination Dollar Volume (All Markets)

    $86,175,000

    Employee count

    216

    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
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 180 $71,680,000 $398,222 $0 0.00%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 24 $6,450,000 $268,750 $0 0.00%
    Outside of Metro Areas 1 $2,865,000 $2,865,000 $0 0.00%
    WORCESTER, MA-CT (FHA|USDA|VA) 11 $2,165,000 $196,818 $0 0.00%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 2 $1,430,000 $715,000 $0 0.00%
    Laconia, NH (FHA|USDA|VA) 3 $885,000 $295,000 $0 0.00%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $495,000 $495,000 $0 0.00%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
    The Lowell Five Cent Savings Bank's top markets include Boston, Manchester, Worcester, Barnstable Town, and Laconia among others.

    Their top states include:
  • Massachusetts (FHA|USDA|VA)
  • New Hampshire (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Maine (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 223 $86,175,000 $386,435 $0 0.00%

    For 2018, The Lowell Five Cent Savings Bank's most frequently originated type of loan was Conventional, with 223 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 145 $57,525,000 $396,724 $0 0.00%
    Refi 54 $21,160,000 $391,852 $0 0.00%
    Home Improvement 18 $5,250,000 $291,667 $0 0.00%
    Other 6 $2,240,000 $373,333 $0 0.00%

    For 2018, The Lowell Five Cent Savings Bank's most frequently cited loan purpose was Home Purchase, with 145 originations. The 2nd most popular reason was Refi, with 54 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 223 $86,175,000 $386,435 $0 0.00%

    For 2018, The Lowell Five Cent Savings Bank's most frequently cited loan duration was Other, with 223 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 66 $18,570,000 $281,364 $0 0.00%
    $100k-200k 51 $7,565,000 $148,333 $0 0.00%
    $400k-600k 51 $24,505,000 $480,490 $0 0.00%
    $600k-1MM 25 $17,735,000 $709,400 $0 0.00%
    $100,000 or less 19 $1,085,000 $57,105 $0 0.00%
    $1MM+ 11 $16,715,000 $1,519,545 $0 0.00%

    2018 saw The Lowell Five Cent Savings Bank place emphasis on $200k-400k loans with 66 originations, totaling $18,570,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 34 $9,210,000 $270,882 $0 0.00%
    $150k-250k 27 $10,615,000 $393,148 $0 0.00%
    $250k+ 22 $15,570,000 $707,727 $0 0.00%
    $50k-75k 18 $3,370,000 $187,222 $0 0.00%
    $75k-100k 17 $4,055,000 $238,529 $0 0.00%
    $50k or less 11 $1,405,000 $127,727 $0 0.00%

    The Lowell Five Cent Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 34 originations. The second most popular income band? $150k-250k, with 27 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 223 $86,175,000 $386,435 $0 0.00%

    The Lowell Five Cent Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 223 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 75 $36,125,000 $481,667 $0 0.00%
    White 115 $35,345,000 $307,348 $0 0.00%
    Not provided 20 $8,410,000 $420,500 $0 0.00%
    Asian 8 $3,850,000 $481,250 $0 0.00%
    Asian Indian 3 $1,665,000 $555,000 $0 0.00%
    Korean 1 $495,000 $495,000 $0 0.00%
    Black 1 $285,000 $285,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.91%

    The Lowell Five Cent Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.30%

    The Lowell Five Cent Savings Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 223 $86,175,000 $386,435

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 10 $5,190,000 $519,000
    Single Family (1-4 Units):Site-Built 213 $80,985,000 $380,211

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The Lowell Five Cent Savings Bank 100 Littleton Road Westford, MA 1886 Limited, Mobile/Seasonal Office $1,441
    The Lowell Five Cent Savings Bank 1095 Westford Street Lowell, MA 1851 Full Service B&M $42,714
    The Lowell Five Cent Savings Bank 125 E. Dunstable Road Nashua, NH 3062 Full Service Retail $40,893
    The Lowell Five Cent Savings Bank 1775 Main Street Tewksbury, MA 1876 Full Service B&M $78,758
    The Lowell Five Cent Savings Bank 20 Groton Road North Chelmsford, MA 1863 Full Service B&M $57,683
    The Lowell Five Cent Savings Bank 2021 Lakeview Avenue Dracut, MA 1826 Full Service B&M $120,533
    The Lowell Five Cent Savings Bank 23 Fletcher Street Chelmsford, MA 1824 Full Service B&M $114,967
    The Lowell Five Cent Savings Bank 270 Main Street Wilmington, MA 1887 Full Service B&M $69,803
    The Lowell Five Cent Savings Bank 30 International Place Tewksbury, MA 1876 Full Service B&M $30,960
    The Lowell Five Cent Savings Bank 34 John Street Lowell, MA 1852 Full Service B&M $95,161
    The Lowell Five Cent Savings Bank 498 Chickering Road North Andover, MA 1845 Full Service B&M $146,540
    The Lowell Five Cent Savings Bank 499 Groton Road Westford, MA 1886 Full Service B&M $72,017
    The Lowell Five Cent Savings Bank 65 Groton Street Pepperell, MA 1463 Full Service B&M $35,745
    The Lowell Five Cent Savings Bank 700 Boston Road Billerica, MA 1821 Full Service B&M $43,727
    The Lowell Five Cent Savings Bank 750 Main Street Haverhill, MA 1830 Full Service B&M $16,807
    The Lowell Five Cent Savings Bank Route 113 Pawtucket Boulevard Tyngsboro, MA 1879 Limited, Mobile/Seasonal Office $2,161

    For 2018, The Lowell Five Cent Savings Bank had 16 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $45,933
    Net interest income $40,028
    Total noninterest income $4,158
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,170
    Trading account gains and fees $0
    Additional Noninterest Income $2,988
    Pre-tax net operating income $11,047
    Securities gains (or losses, -) $422
    Income before extraordinary items $8,753
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $8,753
    Minority interest net income $0
    Net income $8,753
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $8,419

    The Lowell Five Cent Savings Bank's gross interest income from loans was $45,933,000.
    The Lowell Five Cent Savings Bank's net interest income from loans was $40,028,000.
    The Lowell Five Cent Savings Bank's fee based income from loans was $1,170,000.
    The Lowell Five Cent Savings Bank's net income from loans was $8,753,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $5,905
    Provision for credit losses $1,375
    Total noninterest expense $31,764
    Salaries and employee benefits $20,127
    Premises and equipment expense $4,058
    Additional noninterest expense $7,579
    Applicable income taxes $2,716
    Net charge-offs $579
    Cash dividends $0

    The Lowell Five Cent Savings Bank's interest expense for loans was $5,905,000.
    The Lowell Five Cent Savings Bank's payroll and benefits expense were $20,127,000.
    The Lowell Five Cent Savings Bank's property, plant and equipment expenses $4,058,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    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 $967,775
    Deposits held in domestic offices $967,775
    Deposits by Individuals, partnerships, and corporations $827,446
    Deposits by U.S. Government $30
    Deposits by States and political subdivisions in the U.S. $140,299
    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 $306,401
    Demand deposits $148,465
    Nontransaction accounts $661,374
    Money market deposit accounts (MMDAs) $255,790
    Other savings deposits (excluding MMDAs) $226,018
    Total time deposits $179,566
    Total time and savings deposits $819,310
    Noninterest-bearing deposits $160,575
    Interest-bearing deposits $807,200
    Retail deposits $907,503
    IRAs and Keogh plan accounts $38,364
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,127,653
    Cash & Balances due from depository institutions $42,724
    Interest-bearing balances $35,546
    Total securities $107,211
    Federal funds sold & reverse repurchase $5
    Net loans and leases $902,342
    Loan and leases loss allowance $8,933
    Trading account assets $0
    Bank premises and fixed assets $30,317
    Other real estate owned $1,496
    Goodwill and other intangibles $0
    All other assets $43,558

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,127,653
    Total Liabilities $987,797
    Total deposits $967,775
    Interest-bearing deposits $807,200
    Deposits held in domestic offices $967,775
    % insured (estimated) $66
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $11,700
    Subordinated debt $0
    All other liabilities $8,322

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $902,342
    Loan and leases loss allowance $8,933
    Total loans and leases (domestic) $911,275
    All real estate loans $850,510
    Real estate loans in domestic offices $850,510
    Construction and development loans $141,345
    Residential 1-4 family construction $54,717
    Other construction, all land development and other land $86,628
    Loans secured by nonfarm nonresidential properties $293,372
    Nonfarm nonresidential secured by owner-occupied properties $95,071
    Commercial real estate & other non-farm, non-residential $198,301
    Multifamily residential real estate $78,641
    1-4 family residential loans $337,152
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $58,426
    To non-U.S. addressees $0
    Loans to individuals $2,339
    Credit card loans $0
    Related Plans $475
    Consumer Auto Loans $160
    Other loans to individuals $1,704
    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 $5,131
    Non 1-4 family restructured loans & leases $3,932
    Total loans and leases (foreign) $0

    The Lowell Five Cent Savings Bank had $902,342,000 of loans outstanding in 2018. $850,510,000 of loans were in real estate loans. $141,345,000 of loans were in development loans. $78,641,000 of loans were in multifamily mortgage loans. $337,152,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $160,000 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 211 $65,327 $309,607
    Nonfarm, nonresidential loans - <$100k 30 $1,443 $48,100
    Nonfarm, nonresidential loans - $100-250k 52 $7,614 $146,423
    Nonfarm, nonresidential loans - $250k-1MM 129 $56,270 $436,202
    Commercial & Industrial, US addressed loans - <$1MM 437 $33,565 $76,808
    Commercial & Industrial, US addressed loans - <$100k 282 $4,754 $16,858
    Commercial & Industrial, US addressed loans - $100-250k 77 $6,557 $85,156
    Commercial & Industrial, US addressed loans - $250k-1MM 78 $22,254 $285,308