Amalgamated Bank Mortgage Rates, Fees & Info

New York, NY

LEI: 254900FMBXF85WQYV433

Tax ID: 13-4920330

5 stars - out of 5 stars, based on 29 reviews

2020 Data | 2019 Data | 2018 Data


Overview

Amalgamated Bank is a smaller bank specializing in Refi and Cash Out Refi loans. Amalgamated Bank has a high proportion of conventional loans. Their top markets include New York, Washington, Oakland, San Francisco, and Seattle among others. They have an above average approval rate for mortages when compared nationally -- and they have a below average pick rate when compared to the same sample of other lendors. Amalgamated Bank is typically an average fee lendor.


Originations

817

Origination Dollar Volume (All Markets)

$559,495,000

Employee count

347 Show all (11) awards

Relative Rate

Amalgamated Bank's average 30 year fixed rate mortgage of loans were 3.01%.

The 2020 average 30 year fixed rate mortgage across all markets of loans were 3.36%.

This yields a difference of -0.35%.

Relative Fees

Amalgamated Bank's average total fees for a 30 year fixed rate mortgage are $4,914.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $5,021.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ (FHA|USDA|VA) 230 $202,030,000 $878,391 $5,387 3.15%
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV (FHA|USDA|VA) 52 $53,180,000 $1,022,692 $4,067 2.96%
OAKLAND-BERKELEY-LIVERMORE, CA (FHA|USDA|VA) 45 $36,795,000 $817,667 $4,815 2.79%
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA (FHA|USDA|VA) 26 $26,270,000 $1,010,385 $4,671 2.91%
SEATTLE-BELLEVUE-KENT, WA (FHA|USDA|VA) 25 $16,755,000 $670,200 $4,149 2.88%
LOS ANGELES-LONG BEACH-GLENDALE, CA (FHA|USDA|VA) 19 $13,215,000 $695,526 $4,369 3.00%
NASSAU COUNTY-SUFFOLK COUNTY, NY (FHA|USDA|VA) 30 $13,030,000 $434,333 $5,238 2.71%
Outside of Metro Areas 22 $10,750,000 $488,636 $5,507 2.85%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 14 $9,920,000 $708,571 $6,975 2.83%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 16 $9,380,000 $586,250 $4,028 2.61%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 13 $8,845,000 $680,385 $3,707 2.84%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 14 $8,390,000 $599,286 $3,834 2.88%
FREDERICK-GAITHERSBURG-ROCKVILLE, MD (FHA|USDA|VA) 16 $8,170,000 $510,625 $4,025 2.79%
RALEIGH-CARY, NC (FHA|USDA|VA) 14 $6,730,000 $480,714 $3,747 2.84%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 8 $6,590,000 $823,750 $4,820 2.78%
BOSTON, MA (FHA|USDA|VA) 12 $6,520,000 $543,333 $4,226 2.78%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 8 $6,390,000 $798,750 $4,934 2.95%
SAN RAFAEL, CA (FHA|USDA|VA) 7 $5,805,000 $829,286 $4,746 2.73%
CHICAGO-NAPERVILLE-EVANSTON, IL (FHA|USDA|VA) 13 $5,755,000 $442,692 $3,606 2.80%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 11 $5,435,000 $494,091 $5,011 3.08%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 12 $5,300,000 $441,667 $4,152 2.83%
NEW BRUNSWICK-LAKEWOOD, NJ (FHA|USDA|VA) 12 $5,160,000 $430,000 $4,375 2.78%
CAMBRIDGE-NEWTON-FRAMINGHAM, MA (FHA|USDA|VA) 9 $4,605,000 $511,667 $4,522 2.83%
NEWARK, NJ-PA (FHA|USDA|VA) 11 $4,335,000 $394,091 $5,575 2.66%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 6 $3,940,000 $656,667 $3,533 3.04%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 6 $3,860,000 $643,333 $3,718 3.04%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 6 $3,480,000 $580,000 $3,149 2.81%
DALLAS-PLANO-IRVING, TX (FHA|USDA|VA) 7 $3,465,000 $495,000 $4,925 2.88%
ANAHEIM-SANTA ANA-IRVINE, CA (FHA|USDA|VA) 4 $3,390,000 $847,500 $5,598 3.19%
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA (FHA|USDA|VA) 8 $3,290,000 $411,250 $4,831 2.83%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 4 $2,870,000 $717,500 $4,899 3.06%
PHILADELPHIA, PA (FHA|USDA|VA) 7 $2,625,000 $375,000 $4,933 2.84%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 4 $2,280,000 $570,000 $3,900 2.97%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 6 $2,240,000 $373,333 $3,959 3.02%
NORTH PORT-SARASOTA-BRADENTON, FL (FHA|USDA|VA) 2 $2,150,000 $1,075,000 $4,039 2.75%
MIAMI-MIAMI BEACH-KENDALL, FL (FHA|USDA|VA) 3 $2,085,000 $695,000 $5,409 3.08%
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL (FHA|USDA|VA) 3 $2,055,000 $685,000 $5,645 2.71%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 6 $1,930,000 $321,667 $4,541 3.23%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 7 $1,835,000 $262,143 $4,891 2.64%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 6 $1,820,000 $303,333 $4,077 2.69%
WARREN-TROY-FARMINGTON HILLS, MI (FHA|USDA|VA) 3 $1,255,000 $418,333 $2,999 2.67%
SALINAS, CA (FHA|USDA|VA) 2 $1,240,000 $620,000 $5,464 3.13%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 2 $1,220,000 $610,000 $3,200 2.75%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $1,220,000 $610,000 $6,595 2.63%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 2 $1,210,000 $605,000 $4,810 2.56%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 2 $1,150,000 $575,000 $12,528 3.13%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 2 $1,140,000 $570,000 $5,228 2.63%
KANSAS CITY, MO-KS (FHA|USDA|VA) 2 $1,080,000 $540,000 $3,940 2.88%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 2 $1,070,000 $535,000 $4,543 2.75%
KINGSTON, NY (FHA|USDA|VA) 4 $1,070,000 $267,500 $4,618 2.72%
WORCESTER, MA-CT (FHA|USDA|VA) 3 $935,000 $311,667 $3,552 2.79%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 2 $910,000 $455,000 $5,206 2.69%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 2 $880,000 $440,000 $3,746 3.13%
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL (FHA|USDA|VA) 2 $800,000 $400,000 $5,306 2.63%
KNOXVILLE, TN (FHA|USDA|VA) 1 $765,000 $765,000 $6,354 2.88%
LAKE COUNTY-KENOSHA COUNTY, IL-WI (FHA|USDA|VA) 1 $755,000 $755,000 $3,435 3.38%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $755,000 $755,000 $7,668 3.00%
LOGAN, UT-ID (FHA|USDA|VA) 1 $745,000 $745,000 $3,322 2.63%
SPRINGFIELD, MA (FHA|USDA|VA) 2 $740,000 $370,000 $3,876 2.50%
SALT LAKE CITY, UT (FHA|USDA|VA) 2 $740,000 $370,000 $3,612 3.25%
WACO, TX (FHA|USDA|VA) 1 $735,000 $735,000 $5,273 2.75%
BEND, OR (FHA|USDA|VA) 1 $715,000 $715,000 $4,446 3.25%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $705,000 $705,000 $6,221 3.13%
EAST STROUDSBURG, PA (FHA|USDA|VA) 3 $675,000 $225,000 $4,355 2.88%
PITTSFIELD, MA (FHA|USDA|VA) 1 $665,000 $665,000 $5,105 3.00%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 1 $655,000 $655,000 $3,362 3.13%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $630,000 $315,000 $4,720 2.69%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $585,000 $585,000 $7,855 2.75%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $575,000 $575,000 $5,130 3.00%
ASHEVILLE, NC (FHA|USDA|VA) 1 $555,000 $555,000 $3,910 2.75%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $545,000 $545,000 $3,148 3.00%
LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 1 $525,000 $525,000 $4,843 3.00%
BOULDER, CO (FHA|USDA|VA) 1 $515,000 $515,000 $3,177 2.63%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $515,000 $515,000 $3,202 2.75%
RICHMOND, VA (FHA|USDA|VA) 1 $515,000 $515,000 $3,102 2.25%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $505,000 $505,000 $4,810 2.25%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 2 $490,000 $245,000 $3,443 2.69%
BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) 1 $485,000 $485,000 $2,907 2.88%
TACOMA-LAKEWOOD, WA (FHA|USDA|VA) 1 $365,000 $365,000 $2,992 2.75%
ST. GEORGE, UT (FHA|USDA|VA) 1 $355,000 $355,000 $3,446 2.50%
MODESTO, CA (FHA|USDA|VA) 1 $345,000 $345,000 $4,107 2.75%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 1 $335,000 $335,000 $3,172 2.75%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $315,000 $315,000 $4,677 2.63%
GAINESVILLE, FL (FHA|USDA|VA) 1 $305,000 $305,000 $4,179 2.88%
SALEM, OR (FHA|USDA|VA) 1 $295,000 $295,000 $5,663 3.25%
WINCHESTER, VA-WV (FHA|USDA|VA) 1 $285,000 $285,000 $3,713 3.13%
BAKERSFIELD, CA (FHA|USDA|VA) 1 $285,000 $285,000 $4,180 2.88%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 2 $280,000 $140,000 $3,266 2.44%
ROCKFORD, IL (FHA|USDA|VA) 1 $265,000 $265,000 $5,020 2.63%
CORVALLIS, OR (FHA|USDA|VA) 1 $265,000 $265,000 $3,850 2.50%
VALLEJO, CA (FHA|USDA|VA) 1 $245,000 $245,000 $2,892 2.50%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $235,000 $235,000 $2,792 3.00%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $215,000 $215,000 $3,575 2.63%
PITTSBURGH, PA (FHA|USDA|VA) 2 $210,000 $105,000 $3,560 3.06%
SANTA FE, NM (FHA|USDA|VA) 1 $205,000 $205,000 $3,512 2.75%
REDDING, CA (FHA|USDA|VA) 1 $185,000 $185,000 $3,261 3.38%
YORK-HANOVER, PA (FHA|USDA|VA) 1 $185,000 $185,000 $3,943 2.63%
GARY, IN (FHA|USDA|VA) 1 $175,000 $175,000 $3,171 2.63%
STOCKTON, CA (FHA|USDA|VA) 1 $165,000 $165,000 $2,892 2.25%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 1 $165,000 $165,000 $3,071 3.75%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 1 $165,000 $165,000 $3,663 2.88%
EL CENTRO, CA (FHA|USDA|VA) 1 $155,000 $155,000 $4,805 3.00%
CAMDEN, NJ (FHA|USDA|VA) 1 $125,000 $125,000 $3,606 3.25%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $115,000 $115,000 $4,488 2.63%
READING, PA (FHA|USDA|VA) 1 $115,000 $115,000 $5,007 3.00%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 1 $105,000 $105,000 $2,511 4.50%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $95,000 $95,000 $3,373 3.00%

Amalgamated Bank's top markets include New York, Washington, Oakland, San Francisco, and Seattle among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 817 $559,495,000 $684,816 $4,750 2.93%

For the 2020 period, Amalgamated Bank's most frequently originated loan type of loans were Conventional, with 817 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 469 $284,805,000 $607,260 $4,535 2.81%
Home Purchase 191 $67,345,000 $352,592 $4,847 3.17%
Cash Out Refi 146 $202,210,000 $1,385,000 $5,212 3.01%
Other 11 $5,135,000 $466,818 $7,114 3.18%

For the 2020, Amalgamated Bank's most frequently cited loan purpose of loans were Refi, with 469 originations. The 2nd most popular reason of loans were Home Purchase, with 191 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 606 $333,460,000 $550,264 $4,914 3.01%
15 Year 140 $66,690,000 $476,357 $4,213 2.63%
Other 23 $56,765,000 $2,468,043 $4,368 2.99%
20 Year 22 $7,050,000 $320,455 $4,220 2.72%
10 Year 21 $71,405,000 $3,400,238 $3,989 2.79%
5 Year 4 $20,020,000 $5,005,000 $0 3.10%
3 Year 1 $4,105,000 $4,105,000 $0 3.50%

For the 2020, Amalgamated Bank's most frequently cited loan length of loans were 30 Year, with 606 originations. The 2nd most popular length of loans were 15 Year, with 140 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 494 $246,330,000 $498,644
$3k-4k 127 $80,545,000 $634,213
$2k-3k 115 $42,385,000 $368,565
$5k+ 55 $46,665,000 $848,455

$4,914 of loans were Amalgamated Bank's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 494 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 431 $298,675,000 $692,981
3-4% 249 $201,655,000 $809,859
<2.5% 127 $54,675,000 $430,512
4-5% 10 $4,490,000 $449,000

During 2020, Amalgamated Bank's average interest rate of loans were 3.01%, while their most frequently originated rate bucket of loans were 2.5-3%, with 431 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 236 $70,490,000 $298,686 $4,230 2.91%
$400k-600k 228 $112,430,000 $493,114 $4,663 2.86%
$600k-1MM 177 $136,715,000 $772,401 $5,262 2.95%
$1MM+ 91 $227,855,000 $2,503,901 $6,921 3.03%
$100k-200k 70 $10,720,000 $153,143 $3,783 3.03%
$100,000 or less 15 $1,285,000 $85,667 $3,308 3.23%

2020 saw Amalgamated Bank place emphasis on $200k-400k loans with 236 originations, totaling $70,490,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$250k+ 242 $187,910,000 $776,488 $5,221 2.90%
$150k-250k 234 $127,490,000 $544,829 $4,695 2.91%
$100k-150k 159 $61,695,000 $388,019 $4,631 2.87%
$75k-100k 85 $24,205,000 $284,765 $4,250 2.98%
$50k-75k 53 $11,715,000 $221,038 $4,302 3.14%
$50k or less 17 $2,635,000 $155,000 $3,882 3.01%

Amalgamated Bank lent most frequently to those with incomes in the $250k+ range, with 242 originations. The second most popular income band? $150k-250k, with 234 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 265 $138,495,000 $522,623 $4,566 2.93%
30-36% 175 $91,035,000 $520,200 $4,850 2.95%
<20% 135 $70,485,000 $522,111 $4,568 2.80%
41% 32 $18,030,000 $563,438 $5,382 2.99%
40% 27 $15,385,000 $569,815 $4,745 3.14%
39% 27 $14,385,000 $532,778 $4,607 3.06%
38% 25 $14,235,000 $569,400 $4,750 2.93%
36% 25 $14,605,000 $584,200 $5,570 3.02%
42% 24 $15,680,000 $653,333 $5,408 2.96%
37% 17 $8,965,000 $527,353 $4,938 3.01%
47% 8 $2,710,000 $338,750 $4,243 2.80%
43% 7 $2,935,000 $419,286 $4,613 2.84%
44% 7 $2,585,000 $369,286 $5,832 2.95%
45% 6 $2,280,000 $380,000 $4,631 2.65%
48% 5 $2,135,000 $427,000 $4,991 2.90%
46% 3 $1,135,000 $378,333 $5,136 2.79%
49% 3 $845,000 $281,667 $3,399 2.54%

Amalgamated Bank lent most frequently to those with DTI ratios of 20-30%, with 265 originations. The next most common DTI ratio? 30-36%, with 175 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 436 $234,230,000 $537,225 $4,795 2.96%
Not applicable 26 $143,570,000 $5,521,923 $0 3.21%
Not provided 187 $99,275,000 $530,882 $4,678 2.89%
Asian 108 $59,120,000 $547,407 $4,829 2.85%
Asian Indian 18 $10,110,000 $561,667 $4,751 2.66%
Black 30 $8,380,000 $279,333 $4,431 3.07%
Other Asian 7 $2,365,000 $337,857 $3,873 2.96%
American Indian 3 $1,815,000 $605,000 $4,072 2.71%
Chinese 1 $355,000 $355,000 $7,648 3.38%
Filipino 1 $275,000 $275,000 $4,776 3.00%

Approval Rates

Total approvals of all applications
95.76%

Amalgamated Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

Pick Rate

Approvals leading to origination
70.12%

Amalgamated Bank has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 817 $559,495,000 $684,816

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
Multifamily:Site-Built 25 $141,565,000 $5,662,600
Single Family (1-4 Units):Site-Built 792 $417,930,000 $527,689

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 62 $31,360,000 $505,806 $4,459 2.84%
40-60% 218 $160,150,000 $734,633 $4,560 2.82%
60-80% 415 $300,355,000 $723,747 $4,925 2.95%
80-100% 113 $42,565,000 $376,681 $4,617 3.15%
Under 20% 9 $25,065,000 $2,785,000 $4,933 2.72%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Amalgamated Bank 619 Main Street New York, NY 10044 Full Service B&M $24,024
Amalgamated Bank 10 East 14th Street New York, NY 10003 Full Service Retail $312,572
Amalgamated Bank 1212 Fulton Street Brooklyn, NY 11216 Full Service Retail $29,550
Amalgamated Bank 1825 K Street, N.W. Washington, DC 20006 Full Service B&M $2,032,686
Amalgamated Bank 2067 Bartow Avenue Bronx, NY 10475 Full Service B&M $178,024
Amalgamated Bank 255 California Street, Suite 600 San Francisco, CA 94111 Full Service B&M $40,333
Amalgamated Bank 275 7th Ave New York, NY 10001 Full Service B&M $3,081,066
Amalgamated Bank 36-16 21st Street Astoria, NY 11106 Full Service B&M $21,240
Amalgamated Bank 4502 Fifth Avenue Brooklyn, NY 11220 Full Service B&M $35,149
Amalgamated Bank 52 Broadway New York, NY 10004 Full Service B&M $44,854
Amalgamated Bank 70-23 Parsons Blvd. Flushing, NY 11365 Full Service B&M $65,090
Amalgamated Bank 94 Burnside Avenue Bronx, NY 10453 Full Service Retail $18,221

For 2020, Amalgamated Bank had 12 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $190,536
Net interest income $180,095
Total noninterest income $38,921
Gross Fiduciary activities income $15,222
Service charges on deposit accounts $8,373
Trading account gains and fees $0
Additional Noninterest Income $15,326
Pre-tax net operating income $60,339
Securities gains (or losses, -) $1,604
Income before extraordinary items $46,188
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $46,188
Minority interest net income $0
Net income $46,188
Sale, conversion, retirement of capital stock, net $-4,758
Net operating income $44,920

Amalgamated Bank's gross interest income from loans was $190,536,000.
Amalgamated Bank's net interest income from loans was $180,095,000.
Amalgamated Bank's fee based income from loans was $8,373,000.
Amalgamated Bank's net income from loans was $46,188,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $10,441
Provision for credit losses $24,791
Total noninterest expense $133,886
Salaries and employee benefits $69,323
Premises and equipment expense $25,823
Additional noninterest expense $38,740
Applicable income taxes $15,755
Net charge-offs $17,049
Cash dividends $10,103

Amalgamated Bank's interest expense for loans was $10,441,000.
Amalgamated Bank's payroll and benefits expense were $69,323,000.
Amalgamated Bank's property, plant and equipment expenses $25,823,000.

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 20.0%
Nonfarm, nonresidential loans 0.0%
Multifamily residential loans 1.0%
1-4 family residential loans 1.0%
HELOC loans 1.0%
All other family 1.0%
Commercial & industrial loans 2.0%
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 $5,344,136
Deposits held in domestic offices $5,344,136
Deposits by Individuals, partnerships, and corporations $5,329,554
Deposits by U.S. Government $7
Deposits by States and political subdivisions in the U.S. $0
Deposits by Commercial banks and other depository institutions in U.S. $14,575
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $237,661
Demand deposits $69,770
Nontransaction accounts $5,106,475
Money market deposit accounts (MMDAs) $4,491,082
Other savings deposits (excluding MMDAs) $343,368
Total time deposits $272,026
Total time and savings deposits $5,274,366
Noninterest-bearing deposits $2,608,698
Interest-bearing deposits $2,735,438
Retail deposits $5,299,591
IRAs and Keogh plan accounts $36,541
Brokered deposits $20,635
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $5,976,909
Cash & Balances due from depository institutions $44,193
Interest-bearing balances $31,033
Total securities $2,034,311
Federal funds sold & reverse repurchase $154,779
Net loans and leases $3,458,490
Loan and leases loss allowance $41,589
Trading account assets $0
Bank premises and fixed assets $49,080
Other real estate owned $307
Goodwill and other intangibles $18,295
All other assets $217,454

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $5,976,909
Total Liabilities $5,441,088
Total deposits $5,344,136
Interest-bearing deposits $2,735,438
Deposits held in domestic offices $5,344,136
% insured (estimated) $41
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $96,952

Issued Loan Types

Type Value (in 000's)
Net loans and leases $3,458,490
Loan and leases loss allowance $41,589
Total loans and leases (domestic) $3,500,079
All real estate loans $2,631,439
Real estate loans in domestic offices $2,631,439
Construction and development loans $53,664
Residential 1-4 family construction $0
Other construction, all land development and other land $53,664
Loans secured by nonfarm nonresidential properties $373,214
Nonfarm nonresidential secured by owner-occupied properties $42,738
Commercial real estate & other non-farm, non-residential $330,476
Multifamily residential real estate $947,607
1-4 family residential loans $1,254,531
Farmland loans $2,423
Loans held in foreign offices $0
Farm loans $2,395
Commercial and industrial loans $644,698
To non-U.S. addressees $0
Loans to individuals $189,483
Credit card loans $0
Related Plans $517
Consumer Auto Loans $0
Other loans to individuals $188,966
All other loans & leases $32,064
Loans to foreign governments and official institutions $0
Other loans $32,064
Loans to depository institutions and acceptances of other banks $0
Loans not secured by real estate $46,119
Loans secured by real estate to non-U.S. addressees $0
Restructured Loans & leases $17,945
Non 1-4 family restructured loans & leases $1,648
Total loans and leases (foreign) $0

Amalgamated Bank had $3,458,490,000 of loans outstanding in 2020. $2,631,439,000 of loans were in real estate loans. $53,664,000 of loans were in development loans. $947,607,000 of loans were in multifamily mortgage loans. $1,254,531,000 of loans were in 1-4 family mortgage loans. $2,395,000 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 50 $33,634 $672,680
Nonfarm, nonresidential loans - $100-250k 3 $542 $180,667
Nonfarm, nonresidential loans - $250k-1MM 47 $33,092 $704,085
Commercial & Industrial, US addressed loans - <$1MM 203 $33,201 $163,552
Commercial & Industrial, US addressed loans - <$100k 134 $978 $7,299
Commercial & Industrial, US addressed loans - $100-250k 18 $2,900 $161,111
Commercial & Industrial, US addressed loans - $250k-1MM 51 $29,323 $574,961