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, Vineyard Haven, and Laconia among others. We have data for 10 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.

    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

    220

    Origination Dollar Volume (All Markets)

    $85,420,000

    Employee count

    213

    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) 177 $68,695,000 $388,107 $0 0.00%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 22 $8,470,000 $385,000 $0 0.00%
    WORCESTER, MA-CT (FHA|USDA|VA) 10 $2,740,000 $274,000 $0 0.00%
    Vineyard Haven, MA (FHA|USDA|VA) 1 $2,505,000 $2,505,000 $0 0.00%
    Laconia, NH (FHA|USDA|VA) 4 $1,100,000 $275,000 $0 0.00%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 2 $760,000 $380,000 $0 0.00%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 1 $425,000 $425,000 $0 0.00%
    Rutland, VT (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
    Lebanon, NH-VT (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
    Outside of Metro Areas 1 $195,000 $195,000 $0 0.00%
    The Lowell Five Cent Savings Bank's top markets include Boston, Manchester, Worcester, Vineyard Haven, and Laconia among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 220 $85,420,000 $388,273 $0 0.00%

    For 2019, The Lowell Five Cent Savings Bank's most frequently originated type of loan was Conventional, with 220 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 104 $46,190,000 $444,135 $0 0.00%
    Refi 100 $36,450,000 $364,500 $0 0.00%
    Home Improvement 8 $1,670,000 $208,750 $0 0.00%
    Other 8 $1,110,000 $138,750 $0 0.00%

    For 2019, The Lowell Five Cent Savings Bank's most frequently cited loan purpose was Home Purchase, with 104 originations. The 2nd most popular reason was Refi, with 100 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 220 $85,420,000 $388,273 $0 0.00%

    For 2019, The Lowell Five Cent Savings Bank's most frequently cited loan duration was Other, with 220 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 94 $27,360,000 $291,064 $0 0.00%
    $400k-600k 43 $20,995,000 $488,256 $0 0.00%
    $100k-200k 35 $5,485,000 $156,714 $0 0.00%
    $600k-1MM 26 $19,990,000 $768,846 $0 0.00%
    $100,000 or less 14 $690,000 $49,286 $0 0.00%
    $1MM+ 8 $10,900,000 $1,362,500 $0 0.00%

    2019 saw The Lowell Five Cent Savings Bank place emphasis on $200k-400k loans with 94 originations, totaling $27,360,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 40 $14,090,000 $352,250 $0 0.00%
    $100k-150k 34 $10,620,000 $312,353 $0 0.00%
    $250k+ 25 $15,905,000 $636,200 $0 0.00%
    $75k-100k 16 $3,720,000 $232,500 $0 0.00%
    $50k-75k 12 $2,610,000 $217,500 $0 0.00%
    $50k or less 4 $590,000 $147,500 $0 0.00%

    The Lowell Five Cent Savings Bank lent most frequently to those with incomes in the $150k-250k range, with 40 originations. The second most popular income band? $100k-150k, with 34 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 220 $85,420,000 $388,273 $0 0.00%

    The Lowell Five Cent Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 220 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 122 $40,090,000 $328,607 $0 0.00%
    Not applicable 68 $31,930,000 $469,559 $0 0.00%
    Not provided 19 $8,375,000 $440,789 $0 0.00%
    Asian Indian 4 $2,500,000 $625,000 $0 0.00%
    Asian 5 $1,925,000 $385,000 $0 0.00%
    Other Pacific Islander 1 $355,000 $355,000 $0 0.00%
    Black 1 $245,000 $245,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.39%

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

    Pick Rate

    Approvals leading to origination
    81.82%

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

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 220 $85,420,000 $388,273

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 15 $8,545,000 $569,667
    Single Family (1-4 Units):Manufactured 1 $655,000 $655,000
    Single Family (1-4 Units):Site-Built 204 $76,220,000 $373,627

    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 $1,419
    The Lowell Five Cent Savings Bank 1095 Westford Street Lowell, MA 1851 Full Service B&M $48,566
    The Lowell Five Cent Savings Bank 125 E. Dunstable Road Nashua, NH 3062 Full Service Retail $38,891
    The Lowell Five Cent Savings Bank 1775 Main Street Tewksbury, MA 1876 Full Service B&M $68,289
    The Lowell Five Cent Savings Bank 20 Groton Road North Chelmsford, MA 1863 Full Service B&M $65,542
    The Lowell Five Cent Savings Bank 2021 Lakeview Avenue Dracut, MA 1826 Full Service B&M $118,949
    The Lowell Five Cent Savings Bank 23 Fletcher Street Chelmsford, MA 1824 Full Service B&M $121,363
    The Lowell Five Cent Savings Bank 270 Main Street Wilmington, MA 1887 Full Service B&M $83,411
    The Lowell Five Cent Savings Bank 30 International Place Tewksbury, MA 1876 Full Service B&M $38,581
    The Lowell Five Cent Savings Bank 34 John Street Lowell, MA 1852 Full Service B&M $90,386
    The Lowell Five Cent Savings Bank 498 Chickering Road North Andover, MA 1845 Full Service B&M $149,566
    The Lowell Five Cent Savings Bank 499 Groton Road Westford, MA 1886 Full Service B&M $69,769
    The Lowell Five Cent Savings Bank 65 Groton Street Pepperell, MA 1463 Full Service B&M $33,273
    The Lowell Five Cent Savings Bank 700 Boston Road Billerica, MA 1821 Full Service B&M $45,129
    The Lowell Five Cent Savings Bank 750 Main Street Haverhill, MA 1830 Full Service B&M $20,246
    The Lowell Five Cent Savings Bank Route 113 Pawtucket Boulevard Tyngsboro, MA 1879 Limited, Mobile/Seasonal Office $2,619

    For 2019, The Lowell Five Cent Savings Bank had 16 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $49,920
    Net interest income $41,095
    Total noninterest income $3,916
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,134
    Trading account gains and fees $0
    Additional Noninterest Income $2,782
    Pre-tax net operating income $13,061
    Securities gains (or losses, -) $2,927
    Income before extraordinary items $12,099
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $12,099
    Minority interest net income $0
    Net income $12,099
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $9,786

    The Lowell Five Cent Savings Bank's gross interest income from loans was $49,920,000.
    The Lowell Five Cent Savings Bank's net interest income from loans was $41,095,000.
    The Lowell Five Cent Savings Bank's fee based income from loans was $1,134,000.
    The Lowell Five Cent Savings Bank's net income from loans was $12,099,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $8,825
    Provision for credit losses $0
    Total noninterest expense $31,950
    Salaries and employee benefits $20,658
    Premises and equipment expense $3,729
    Additional noninterest expense $7,563
    Applicable income taxes $3,889
    Net charge-offs $609
    Cash dividends $0

    The Lowell Five Cent Savings Bank's interest expense for loans was $8,825,000.
    The Lowell Five Cent Savings Bank's payroll and benefits expense were $20,658,000.
    The Lowell Five Cent Savings Bank's property, plant and equipment expenses $3,729,000.

    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 $1,016,710
    Deposits held in domestic offices $1,016,710
    Deposits by Individuals, partnerships, and corporations $876,086
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $140,624
    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 $315,055
    Demand deposits $151,754
    Nontransaction accounts $701,655
    Money market deposit accounts (MMDAs) $259,508
    Other savings deposits (excluding MMDAs) $223,023
    Total time deposits $219,124
    Total time and savings deposits $864,956
    Noninterest-bearing deposits $162,616
    Interest-bearing deposits $854,094
    Retail deposits $930,632
    IRAs and Keogh plan accounts $37,868
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,190,583
    Cash & Balances due from depository institutions $63,062
    Interest-bearing balances $53,851
    Total securities $120,817
    Federal funds sold & reverse repurchase $5
    Net loans and leases $933,448
    Loan and leases loss allowance $8,324
    Trading account assets $0
    Bank premises and fixed assets $29,382
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $43,869

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,190,583
    Total Liabilities $1,037,927
    Total deposits $1,016,710
    Interest-bearing deposits $854,094
    Deposits held in domestic offices $1,016,710
    % insured (estimated) $65
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $11,500
    Subordinated debt $0
    All other liabilities $9,717

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $933,448
    Loan and leases loss allowance $8,324
    Total loans and leases (domestic) $941,772
    All real estate loans $880,844
    Real estate loans in domestic offices $880,844
    Construction and development loans $128,179
    Residential 1-4 family construction $56,073
    Other construction, all land development and other land $72,106
    Loans secured by nonfarm nonresidential properties $320,821
    Nonfarm nonresidential secured by owner-occupied properties $108,287
    Commercial real estate & other non-farm, non-residential $212,534
    Multifamily residential real estate $82,220
    1-4 family residential loans $349,624
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $58,833
    To non-U.S. addressees $0
    Loans to individuals $2,095
    Credit card loans $0
    Related Plans $144
    Consumer Auto Loans $108
    Other loans to individuals $1,843
    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 $3,707
    Non 1-4 family restructured loans & leases $2,729
    Total loans and leases (foreign) $0

    The Lowell Five Cent Savings Bank had $933,448,000 of loans outstanding in 2019. $880,844,000 of loans were in real estate loans. $128,179,000 of loans were in development loans. $82,220,000 of loans were in multifamily mortgage loans. $349,624,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $108,000 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 213 $66,954 $314,338
    Nonfarm, nonresidential loans - <$100k 28 $1,438 $51,357
    Nonfarm, nonresidential loans - $100-250k 58 $8,814 $151,966
    Nonfarm, nonresidential loans - $250k-1MM 127 $56,702 $446,472
    Commercial & Industrial, US addressed loans - <$1MM 449 $34,031 $75,793
    Commercial & Industrial, US addressed loans - <$100k 288 $4,644 $16,125
    Commercial & Industrial, US addressed loans - $100-250k 70 $5,431 $77,586
    Commercial & Industrial, US addressed loans - $250k-1MM 91 $23,956 $263,253