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 Cash Out Refi and Home Purchase loans. Auburn Savings Bank Fsb has a high proportion of conventional loans. Their top markets by origination volume include: Lewiston, Portland, and Augusta among others. We have data for 4 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

    189

    Origination Dollar Volume (All Markets)

    $36,415,000

    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) 102 $16,380,000 $160,588 $0 0.00%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 44 $12,420,000 $282,273 $0 0.00%
    Outside of Metro Areas 30 $5,450,000 $181,667 $0 0.00%
    Augusta-Waterville, ME (FHA|USDA|VA) 13 $2,165,000 $166,538 $0 0.00%
    Auburn Savings Bank Fsb's top markets include Lewiston, Portland, and Augusta among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 189 $36,415,000 $192,672 $0 0.00%

    For 2020, Auburn Savings Bank Fsb's most frequently originated type of loan was Conventional, with 189 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 95 $17,455,000 $183,737 $0 0.00%
    Home Purchase 59 $12,225,000 $207,203 $0 0.00%
    Refi 35 $6,735,000 $192,429 $0 0.00%

    For 2020, Auburn Savings Bank Fsb's most frequently cited loan purpose was Cash Out Refi, with 95 originations. The 2nd most popular reason was Home Purchase, with 59 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 189 $36,415,000 $192,672 $0 0.00%

    For 2020, Auburn Savings Bank Fsb's most frequently cited loan duration was Other, with 189 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 87 $13,225,000 $152,011 $0 0.00%
    $200k-400k 60 $15,610,000 $260,167 $0 0.00%
    $100,000 or less 31 $2,075,000 $66,935 $0 0.00%
    $400k-600k 10 $4,890,000 $489,000 $0 0.00%
    $600k-1MM 1 $615,000 $615,000 $0 0.00%

    2020 saw Auburn Savings Bank Fsb place emphasis on $100k-200k loans with 87 originations, totaling $13,225,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 45 $10,385,000 $230,778 $0 0.00%
    $50k-75k 36 $4,990,000 $138,611 $0 0.00%
    $150k-250k 32 $8,590,000 $268,438 $0 0.00%
    $75k-100k 25 $4,215,000 $168,600 $0 0.00%
    $50k or less 14 $1,740,000 $124,286 $0 0.00%
    $250k+ 6 $1,840,000 $306,667 $0 0.00%

    Auburn Savings Bank Fsb lent most frequently to those with incomes in the $100k-150k range, with 45 originations. The second most popular income band? $50k-75k, with 36 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 189 $36,415,000 $192,672 $0 0.00%

    Auburn Savings Bank Fsb lent most frequently to those with DTI ratios of Exempt%, with 189 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 149 $29,995,000 $201,309 $0 0.00%
    Not applicable 25 $3,835,000 $153,400 $0 0.00%
    Not provided 8 $1,590,000 $198,750 $0 0.00%
    Asian 4 $610,000 $152,500 $0 0.00%
    Black 2 $280,000 $140,000 $0 0.00%
    American Indian 1 $105,000 $105,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.27%

    Auburn Savings Bank Fsb has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.36%

    Auburn Savings Bank Fsb has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 189 $36,415,000 $192,672

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 3 $785,000 $261,667
    Single Family (1-4 Units):Manufactured 4 $290,000 $72,500
    Single Family (1-4 Units):Site-Built 182 $35,340,000 $194,176

    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 $46,460
    Auburn Savings Bank, FSB 325 Sabattus Street Lewiston, ME 4240 Full Service B&M $20,100

    For 2020, Auburn Savings Bank Fsb had 2 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $3,832
    Net interest income $3,009
    Total noninterest income $834
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $154
    Trading account gains and fees $0
    Additional Noninterest Income $680
    Pre-tax net operating income $543
    Securities gains (or losses, -) $0
    Income before extraordinary items $417
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $417
    Minority interest net income $0
    Net income $417
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $417

    Auburn Savings Bank Fsb's gross interest income from loans was $3,832,000.
    Auburn Savings Bank Fsb's net interest income from loans was $3,009,000.
    Auburn Savings Bank Fsb's fee based income from loans was $154,000.
    Auburn Savings Bank Fsb's net income from loans was $417,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $823
    Provision for credit losses $74
    Total noninterest expense $3,226
    Salaries and employee benefits $1,663
    Premises and equipment expense $273
    Additional noninterest expense $1,290
    Applicable income taxes $126
    Net charge-offs $42
    Cash dividends $0

    Auburn Savings Bank Fsb's interest expense for loans was $823,000.
    Auburn Savings Bank Fsb's payroll and benefits expense were $1,663,000.
    Auburn Savings Bank Fsb's property, plant and equipment expenses $273,000.

    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 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 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 $72,140
    Deposits held in domestic offices $72,140
    Deposits by Individuals, partnerships, and corporations $69,880
    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. $2,260
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $16,944
    Demand deposits $5,176
    Nontransaction accounts $55,196
    Money market deposit accounts (MMDAs) $9,855
    Other savings deposits (excluding MMDAs) $9,000
    Total time deposits $36,340
    Total time and savings deposits $66,964
    Noninterest-bearing deposits $11,968
    Interest-bearing deposits $60,172
    Retail deposits $64,088
    IRAs and Keogh plan accounts $7,723
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $90,944
    Cash & Balances due from depository institutions $5,146
    Interest-bearing balances $4,042
    Total securities $5,493
    Federal funds sold & reverse repurchase $0
    Net loans and leases $76,600
    Loan and leases loss allowance $834
    Trading account assets $0
    Bank premises and fixed assets $1,689
    Other real estate owned $0
    Goodwill and other intangibles $217
    All other assets $1,799

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $90,944
    Total Liabilities $83,115
    Total deposits $72,140
    Interest-bearing deposits $60,172
    Deposits held in domestic offices $72,140
    % insured (estimated) $93
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $9,835
    Subordinated debt $0
    All other liabilities $1,140

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $76,600
    Loan and leases loss allowance $834
    Total loans and leases (domestic) $77,434
    All real estate loans $70,484
    Real estate loans in domestic offices $70,484
    Construction and development loans $3,104
    Residential 1-4 family construction $2,759
    Other construction, all land development and other land $345
    Loans secured by nonfarm nonresidential properties $6,862
    Nonfarm nonresidential secured by owner-occupied properties $3,813
    Commercial real estate & other non-farm, non-residential $3,049
    Multifamily residential real estate $4,474
    1-4 family residential loans $54,922
    Farmland loans $1,122
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $6,224
    To non-U.S. addressees $0
    Loans to individuals $727
    Credit card loans $0
    Related Plans $8
    Consumer Auto Loans $617
    Other loans to individuals $102
    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 $890
    Non 1-4 family restructured loans & leases $147
    Total loans and leases (foreign) $0

    Auburn Savings Bank FSB had $76,600,000 of loans outstanding in 2020. $70,484,000 of loans were in real estate loans. $3,104,000 of loans were in development loans. $4,474,000 of loans were in multifamily mortgage loans. $54,922,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $617,000 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 44 $6,862 $155,955
    Nonfarm, nonresidential loans - <$100k 23 $1,247 $54,217
    Nonfarm, nonresidential loans - $100-250k 15 $2,631 $175,400
    Nonfarm, nonresidential loans - $250k-1MM 6 $2,984 $497,333
    Commercial & Industrial, US addressed loans - <$1MM 173 $6,224 $35,977
    Commercial & Industrial, US addressed loans - <$100k 162 $2,042 $12,605
    Commercial & Industrial, US addressed loans - $100-250k 7 $1,135 $162,143
    Commercial & Industrial, US addressed loans - $250k-1MM 4 $3,047 $761,750
    Farmland loans - <$1MM 6 $1,121 $186,833
    Farmland loans - <$100k 2 $63 $31,500
    Farmland loans - $100-250k 2 $364 $182,000
    Farmland loans - $250k-1MM 2 $694 $347,000