Auburn Savings Bank Fsb Mortgage Rates, Fees & Info

Auburn, ME

LEI: 254900OC69XWBZ2A8244

Tax ID: 01-0022110

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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

    Auburn Savings Bank Fsb is a smaller bank specializing in Home Purchase and Refi loans. Auburn Savings Bank Fsb has a high proportion of conventional loans. Their top markets by origination volume include: Lewiston, Portland, Augusta, and Bangor among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Auburn Savings Bank Fsb 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

    105

    Origination Dollar Volume (All Markets)

    $17,715,000

    Employee count

    19

    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
    LEWISTON-AUBURN, ME (FHA|USDA|VA) 57 $8,135,000 $142,719 $0 0.00%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 17 $4,955,000 $291,471 $0 0.00%
    Outside of Metro Areas 13 $2,165,000 $166,538 $0 0.00%
    Augusta-Waterville, ME (FHA|USDA|VA) 16 $2,160,000 $135,000 $0 0.00%
    BANGOR, ME (FHA|USDA|VA) 2 $300,000 $150,000 $0 0.00%
    Auburn Savings Bank Fsb's top markets include Lewiston, Portland, Augusta, and Bangor among others.

    Their top states include:
  • Maine (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 105 $17,715,000 $168,714 $0 0.00%

    For 2019, Auburn Savings Bank Fsb's most frequently originated type of loan was Conventional, with 105 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 52 $9,120,000 $175,385 $0 0.00%
    Cash Out Refi 23 $3,515,000 $152,826 $0 0.00%
    Refi 21 $4,345,000 $206,905 $0 0.00%
    Home Improvement 9 $735,000 $81,667 $0 0.00%

    For 2019, Auburn Savings Bank Fsb's most frequently cited loan purpose was Home Purchase, with 52 originations. The 2nd most popular reason was Cash Out Refi, with 23 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 105 $17,715,000 $168,714 $0 0.00%

    For 2019, Auburn Savings Bank Fsb's most frequently cited loan duration was Other, with 105 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 35 $4,995,000 $142,714 $0 0.00%
    $200k-400k 34 $8,420,000 $247,647 $0 0.00%
    $100,000 or less 31 $1,885,000 $60,806 $0 0.00%
    $400k-600k 5 $2,415,000 $483,000 $0 0.00%

    2019 saw Auburn Savings Bank Fsb place emphasis on $100k-200k loans with 35 originations, totaling $4,995,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 21 $4,925,000 $234,524 $0 0.00%
    $100k-150k 19 $4,125,000 $217,105 $0 0.00%
    $75k-100k 18 $2,980,000 $165,556 $0 0.00%
    $50k-75k 11 $1,225,000 $111,364 $0 0.00%
    $50k or less 4 $380,000 $95,000 $0 0.00%
    $250k+ 2 $900,000 $450,000 $0 0.00%

    Auburn Savings Bank Fsb lent most frequently to those with incomes in the $150k-250k range, with 21 originations. The second most popular income band? $100k-150k, with 19 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 105 $17,715,000 $168,714 $0 0.00%

    Auburn Savings Bank Fsb lent most frequently to those with DTI ratios of Exempt%, with 105 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 83 $15,615,000 $188,133 $0 0.00%
    Not applicable 21 $1,905,000 $90,714 $0 0.00%
    Asian 1 $195,000 $195,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.42%

    Auburn Savings Bank Fsb has an average approval rate.

    Pick Rate

    Approvals leading to origination
    87.62%

    Auburn Savings Bank Fsb has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 105 $17,715,000 $168,714

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 9 $1,265,000 $140,556
    Single Family (1-4 Units):Manufactured 2 $100,000 $50,000
    Single Family (1-4 Units):Site-Built 94 $16,350,000 $173,936

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Auburn Savings Bank, FSB 256 Court St Auburn, ME 4210 Full Service B&M $44,754
    Auburn Savings Bank, FSB 325 Sabattus Street Lewiston, ME 4240 Full Service B&M $18,207

    For 2019, Auburn Savings Bank Fsb had 2 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $3,772
    Net interest income $2,731
    Total noninterest income $339
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $149
    Trading account gains and fees $0
    Additional Noninterest Income $190
    Pre-tax net operating income $325
    Securities gains (or losses, -) $0
    Income before extraordinary items $243
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $243
    Minority interest net income $0
    Net income $243
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $243

    Auburn Savings Bank Fsb's gross interest income from loans was $3,772,000.
    Auburn Savings Bank Fsb's net interest income from loans was $2,731,000.
    Auburn Savings Bank Fsb's fee based income from loans was $149,000.
    Auburn Savings Bank Fsb's net income from loans was $243,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,041
    Provision for credit losses $18
    Total noninterest expense $2,727
    Salaries and employee benefits $1,445
    Premises and equipment expense $259
    Additional noninterest expense $1,023
    Applicable income taxes $82
    Net charge-offs $-6
    Cash dividends $0

    Auburn Savings Bank Fsb's interest expense for loans was $1,041,000.
    Auburn Savings Bank Fsb's payroll and benefits expense were $1,445,000.
    Auburn Savings Bank Fsb's property, plant and equipment expenses $259,000.

    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 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    Commercial & industrial loans 0.0%
    Personal loans 3.0%
    Credit card loans 0.0%
    Other individual loans 3.0%
    Auto loans 0.0%
    Other consumer loans 30.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $66,161
    Deposits held in domestic offices $66,161
    Deposits by Individuals, partnerships, and corporations $65,886
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $0
    Deposits by Commercial banks and other depository institutions in U.S. $275
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $12,765
    Demand deposits $4,348
    Nontransaction accounts $53,396
    Money market deposit accounts (MMDAs) $7,578
    Other savings deposits (excluding MMDAs) $7,121
    Total time deposits $38,697
    Total time and savings deposits $61,813
    Noninterest-bearing deposits $8,789
    Interest-bearing deposits $57,372
    Retail deposits $59,137
    IRAs and Keogh plan accounts $7,296
    Brokered deposits $2,992
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $84,197
    Cash & Balances due from depository institutions $2,342
    Interest-bearing balances $1,898
    Total securities $5,788
    Federal funds sold & reverse repurchase $0
    Net loans and leases $72,423
    Loan and leases loss allowance $802
    Trading account assets $0
    Bank premises and fixed assets $1,740
    Other real estate owned $0
    Goodwill and other intangibles $83
    All other assets $1,821

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $84,198
    Total Liabilities $76,883
    Total deposits $66,161
    Interest-bearing deposits $57,372
    Deposits held in domestic offices $66,161
    % insured (estimated) $91
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $9,600
    Subordinated debt $0
    All other liabilities $1,122

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $72,423
    Loan and leases loss allowance $802
    Total loans and leases (domestic) $73,225
    All real estate loans $68,148
    Real estate loans in domestic offices $68,148
    Construction and development loans $2,860
    Residential 1-4 family construction $2,591
    Other construction, all land development and other land $269
    Loans secured by nonfarm nonresidential properties $6,822
    Nonfarm nonresidential secured by owner-occupied properties $3,468
    Commercial real estate & other non-farm, non-residential $3,354
    Multifamily residential real estate $3,878
    1-4 family residential loans $53,016
    Farmland loans $1,572
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $4,446
    To non-U.S. addressees $0
    Loans to individuals $631
    Credit card loans $0
    Related Plans $9
    Consumer Auto Loans $550
    Other loans to individuals $72
    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 $48
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $2,412
    Non 1-4 family restructured loans & leases $1,348
    Total loans and leases (foreign) $0

    Auburn Savings Bank FSB had $72,423,000 of loans outstanding in 2019. $68,148,000 of loans were in real estate loans. $2,860,000 of loans were in development loans. $3,878,000 of loans were in multifamily mortgage loans. $53,016,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $550,000 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 32 $5,165 $161,406
    Nonfarm, nonresidential loans - <$100k 18 $914 $50,778
    Nonfarm, nonresidential loans - $100-250k 8 $1,283 $160,375
    Nonfarm, nonresidential loans - $250k-1MM 6 $2,968 $494,667
    Commercial & Industrial, US addressed loans - <$1MM 159 $4,445 $27,956
    Commercial & Industrial, US addressed loans - <$100k 150 $1,553 $10,353
    Commercial & Industrial, US addressed loans - $100-250k 3 $519 $173,000
    Commercial & Industrial, US addressed loans - $250k-1MM 6 $2,373 $395,500
    Farmland loans - <$1MM 7 $1,572 $224,571
    Farmland loans - $100-250k 4 $977 $244,250
    Farmland loans - $250k-1MM 3 $595 $198,333