Franklin Savings Bank Mortgage Rates, Fees & Info

Franklin, NH

LEI: 254900J6JRSKHU1Y0F98

Tax ID: 02-0136360

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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

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

    Franklin Savings Bank has an 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

    121

    Origination Dollar Volume (All Markets)

    $34,855,000

    Employee count

    119

    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
    Lebanon, NH-VT (FHA|USDA|VA) 30 $10,180,000 $339,333 $0 0.00%
    Laconia, NH (FHA|USDA|VA) 33 $6,695,000 $202,879 $0 0.00%
    Concord, NH (FHA|USDA|VA) 34 $5,830,000 $171,471 $0 0.00%
    GREENVILLE, NC (FHA|USDA|VA) 2 $4,730,000 $2,365,000 $0 0.00%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 9 $4,205,000 $467,222 $0 0.00%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 9 $2,315,000 $257,222 $0 0.00%
    Outside of Metro Areas 3 $495,000 $165,000 $0 0.00%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $405,000 $405,000 $0 0.00%
    Franklin Savings Bank's top markets include Lebanon, Laconia, Concord, Greenville, and Boston among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 121 $34,855,000 $288,058 $0 0.00%

    For 2019, Franklin Savings Bank's most frequently originated type of loan was Conventional, with 121 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 54 $17,230,000 $319,074 $0 0.00%
    Refi 26 $8,800,000 $338,462 $0 0.00%
    Cash Out Refi 25 $5,665,000 $226,600 $0 0.00%
    Home Improvement 9 $2,355,000 $261,667 $0 0.00%
    Other 7 $805,000 $115,000 $0 0.00%

    For 2019, Franklin Savings Bank's most frequently cited loan purpose was Home Purchase, with 54 originations. The 2nd most popular reason was Refi, with 26 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 121 $34,855,000 $288,058 $0 0.00%

    For 2019, Franklin Savings Bank's most frequently cited loan duration was Other, with 121 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 37 $5,555,000 $150,135 $0 0.00%
    $200k-400k 35 $9,815,000 $280,429 $0 0.00%
    $100,000 or less 25 $1,435,000 $57,400 $0 0.00%
    $400k-600k 15 $7,515,000 $501,000 $0 0.00%
    $600k-1MM 6 $4,600,000 $766,667 $0 0.00%
    $1MM+ 3 $5,935,000 $1,978,333 $0 0.00%

    2019 saw Franklin Savings Bank place emphasis on $100k-200k loans with 37 originations, totaling $5,555,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 19 $10,215,000 $537,632 $0 0.00%
    $50k-75k 17 $2,125,000 $125,000 $0 0.00%
    $100k-150k 16 $3,770,000 $235,625 $0 0.00%
    $50k or less 15 $1,365,000 $91,000 $0 0.00%
    $75k-100k 15 $2,465,000 $164,333 $0 0.00%
    $150k-250k 14 $4,910,000 $350,714 $0 0.00%

    Franklin Savings Bank lent most frequently to those with incomes in the $250k+ range, with 19 originations. The second most popular income band? $50k-75k, with 17 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 121 $34,855,000 $288,058 $0 0.00%

    Franklin Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 121 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 71 $14,735,000 $207,535 $0 0.00%
    Not provided 26 $10,360,000 $398,462 $0 0.00%
    Not applicable 23 $9,615,000 $418,043 $0 0.00%
    Black 1 $145,000 $145,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    81.54%

    Franklin Savings Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    74.38%

    Franklin Savings Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 121 $34,855,000 $288,058

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 9 $6,935,000 $770,556
    Single Family (1-4 Units):Manufactured 3 $505,000 $168,333
    Single Family (1-4 Units):Site-Built 109 $27,415,000 $251,514

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    FRANKLIN FIRST FINANCIAL, LTD Conventional home mortgage Struggling to pay mortgage 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Franklin Savings Bank 1 Dobson Way Merrimack, NH 3054 Full Service B&M $22,414
    Franklin Savings Bank 11 Saw Mill Road Gilford, NH 3249 Full Service B&M $74,153
    Franklin Savings Bank 139 King Street Boscawen, NH 3303 Full Service B&M $56,707
    Franklin Savings Bank 350 Lake Street Bristol, NH 3222 Full Service B&M $66,745
    Franklin Savings Bank 387 Central Street Franklin, NH 3235 Full Service Cyber Office $997
    Franklin Savings Bank 387 Central Street Franklin, NH 3235 Full Service B&M $146,664
    Franklin Savings Bank 585 Mast Road, Goffstown, NH 3045 Full Service B&M $4,280
    Franklin Savings Bank 61 Laconia Road, Suite 300 Tilton, NH 3276 Full Service B&M $31,010
    Franklin Savings Bank 933 Central Street Franklin, NH 3235 Full Service B&M $46,491

    For 2019, Franklin Savings Bank had 9 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $19,633
    Net interest income $14,946
    Total noninterest income $5,065
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $889
    Trading account gains and fees $0
    Additional Noninterest Income $4,176
    Pre-tax net operating income $3,682
    Securities gains (or losses, -) $36
    Income before extraordinary items $2,965
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,965
    Minority interest net income $0
    Net income $2,965
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,936

    Franklin Savings Bank's gross interest income from loans was $19,633,000.
    Franklin Savings Bank's net interest income from loans was $14,946,000.
    Franklin Savings Bank's fee based income from loans was $889,000.
    Franklin Savings Bank's net income from loans was $2,965,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,687
    Provision for credit losses $240
    Total noninterest expense $16,089
    Salaries and employee benefits $9,408
    Premises and equipment expense $1,839
    Additional noninterest expense $4,842
    Applicable income taxes $753
    Net charge-offs $8
    Cash dividends $0

    Franklin Savings Bank's interest expense for loans was $4,687,000.
    Franklin Savings Bank's payroll and benefits expense were $9,408,000.
    Franklin Savings Bank's property, plant and equipment expenses $1,839,000.

    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 2.0%
    Credit card loans 0.0%
    Other individual loans 2.0%
    Auto loans 0.0%
    Other consumer loans 2.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $455,182
    Deposits held in domestic offices $455,182
    Deposits by Individuals, partnerships, and corporations $384,721
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $70,461
    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 $74,790
    Demand deposits $63,504
    Nontransaction accounts $380,392
    Money market deposit accounts (MMDAs) $61,196
    Other savings deposits (excluding MMDAs) $154,974
    Total time deposits $164,222
    Total time and savings deposits $391,678
    Noninterest-bearing deposits $64,693
    Interest-bearing deposits $390,489
    Retail deposits $433,354
    IRAs and Keogh plan accounts $40,677
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $527,859
    Cash & Balances due from depository institutions $18,703
    Interest-bearing balances $14,640
    Total securities $106,610
    Federal funds sold & reverse repurchase $0
    Net loans and leases $369,641
    Loan and leases loss allowance $2,733
    Trading account assets $0
    Bank premises and fixed assets $12,366
    Other real estate owned $0
    Goodwill and other intangibles $980
    All other assets $19,559

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $527,859
    Total Liabilities $474,239
    Total deposits $455,182
    Interest-bearing deposits $390,489
    Deposits held in domestic offices $455,182
    % insured (estimated) $83
    Federal funds purchased and repurchase agreements $7,159
    Trading liabilities $0
    Other borrowed funds $5,675
    Subordinated debt $0
    All other liabilities $6,223

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $369,641
    Loan and leases loss allowance $2,733
    Total loans and leases (domestic) $372,374
    All real estate loans $326,453
    Real estate loans in domestic offices $326,453
    Construction and development loans $18,135
    Residential 1-4 family construction $2,785
    Other construction, all land development and other land $15,350
    Loans secured by nonfarm nonresidential properties $133,173
    Nonfarm nonresidential secured by owner-occupied properties $45,677
    Commercial real estate & other non-farm, non-residential $87,496
    Multifamily residential real estate $26,415
    1-4 family residential loans $148,730
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $27,158
    To non-U.S. addressees $0
    Loans to individuals $1,467
    Credit card loans $0
    Related Plans $27
    Consumer Auto Loans $50
    Other loans to individuals $1,390
    All other loans & leases $17,296
    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 $2,685
    Non 1-4 family restructured loans & leases $1,337
    Total loans and leases (foreign) $0

    Franklin Savings Bank had $369,641,000 of loans outstanding in 2019. $326,453,000 of loans were in real estate loans. $18,135,000 of loans were in development loans. $26,415,000 of loans were in multifamily mortgage loans. $148,730,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $50,000 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 254 $49,154 $193,520
    Nonfarm, nonresidential loans - <$100k 62 $2,716 $43,806
    Nonfarm, nonresidential loans - $100-250k 107 $14,545 $135,935
    Nonfarm, nonresidential loans - $250k-1MM 85 $31,893 $375,212
    Commercial & Industrial, US addressed loans - <$1MM 141 $11,017 $78,135
    Commercial & Industrial, US addressed loans - <$100k 89 $2,097 $23,562
    Commercial & Industrial, US addressed loans - $100-250k 30 $2,553 $85,100
    Commercial & Industrial, US addressed loans - $250k-1MM 22 $6,367 $289,409