Auburn Savings Bank Fsb Mortgage Rates, Fees & Info

Auburn, ME

LEI: 254900OC69XWBZ2A8244

Tax ID: 01-0022110

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

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, 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    99

    Origination Dollar Volume (All Markets)

    $20,305,000

    Employee count

    21

    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) 52 $10,600,000 $203,846 $0 0.00%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 19 $5,185,000 $272,895 $0 0.00%
    Outside of Metro Areas 17 $2,935,000 $172,647 $0 0.00%
    Augusta-Waterville, ME (FHA|USDA|VA) 9 $1,305,000 $145,000 $0 0.00%
    BANGOR, ME (FHA|USDA|VA) 2 $280,000 $140,000 $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 99 $20,305,000 $205,101 $0 0.00%

    For 2021, Auburn Savings Bank Fsb's most frequently originated type of loan was Conventional, with 99 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 51 $9,375,000 $183,824 $0 0.00%
    Home Purchase 30 $7,660,000 $255,333 $0 0.00%
    Refi 17 $2,975,000 $175,000 $0 0.00%
    Home Improvement 1 $295,000 $295,000 $0 0.00%

    For 2021, Auburn Savings Bank Fsb's most frequently cited loan purpose was Cash Out Refi, with 51 originations. The 2nd most popular reason was Home Purchase, with 30 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 99 $20,305,000 $205,101 $0 0.00%

    For 2021, Auburn Savings Bank Fsb's most frequently cited loan duration was Other, with 99 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 41 $5,895,000 $143,780 $0 0.00%
    $200k-400k 36 $9,310,000 $258,611 $0 0.00%
    $100,000 or less 15 $1,105,000 $73,667 $0 0.00%
    $400k-600k 6 $2,870,000 $478,333 $0 0.00%
    $1MM+ 1 $1,125,000 $1,125,000 $0 0.00%

    2021 saw Auburn Savings Bank Fsb place emphasis on $100k-200k loans with 41 originations, totaling $5,895,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 24 $4,300,000 $179,167 $0 0.00%
    $50k-75k 17 $2,615,000 $153,824 $0 0.00%
    $100k-150k 15 $3,725,000 $248,333 $0 0.00%
    $150k-250k 14 $4,130,000 $295,000 $0 0.00%
    $50k or less 10 $1,110,000 $111,000 $0 0.00%
    $250k+ 1 $505,000 $505,000 $0 0.00%

    Auburn Savings Bank Fsb lent most frequently to those with incomes in the $75k-100k range, with 24 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% 99 $20,305,000 $205,101 $0 0.00%

    Auburn Savings Bank Fsb lent most frequently to those with DTI ratios of Exempt%, with 99 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 79 $15,645,000 $198,038 $0 0.00%
    Not applicable 16 $3,670,000 $229,375 $0 0.00%
    Asian 2 $500,000 $250,000 $0 0.00%
    Black 1 $375,000 $375,000 $0 0.00%
    Not provided 1 $115,000 $115,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.53%

    Auburn Savings Bank Fsb has an average approval rate.

    Pick Rate

    Approvals leading to origination
    81.82%

    Auburn Savings Bank Fsb has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 99 $20,305,000 $205,101

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    99 $20,305,000 $205,101

    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 $57,908
    Auburn Savings Bank, FSB 325 Sabattus Street Lewiston, ME 4240 Full Service B&M $24,336

    For 2021, Auburn Savings Bank Fsb had 2 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $3,666
    Net interest income $3,158
    Total noninterest income $438
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $182
    Trading account gains and fees $0
    Additional Noninterest Income $256
    Pre-tax net operating income $323
    Securities gains (or losses, -) $0
    Income before extraordinary items $249
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $249
    Minority interest net income $0
    Net income $249
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $249

    Auburn Savings Bank Fsb's gross interest income from loans was $3,666,000.
    Auburn Savings Bank Fsb's net interest income from loans was $3,158,000.
    Auburn Savings Bank Fsb's fee based income from loans was $182,000.
    Auburn Savings Bank Fsb's net income from loans was $249,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $508
    Provision for credit losses $42
    Total noninterest expense $3,231
    Salaries and employee benefits $1,833
    Premises and equipment expense $280
    Additional noninterest expense $1,118
    Applicable income taxes $74
    Net charge-offs $9
    Cash dividends $0

    Auburn Savings Bank Fsb's interest expense for loans was $508,000.
    Auburn Savings Bank Fsb's payroll and benefits expense were $1,833,000.
    Auburn Savings Bank Fsb's property, plant and equipment expenses $280,000.

    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 $78,698
    Deposits held in domestic offices $78,698
    Deposits by Individuals, partnerships, and corporations $78,673
    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. $25
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $20,080
    Demand deposits $5,767
    Nontransaction accounts $58,618
    Money market deposit accounts (MMDAs) $17,960
    Other savings deposits (excluding MMDAs) $11,917
    Total time deposits $28,741
    Total time and savings deposits $72,931
    Noninterest-bearing deposits $14,007
    Interest-bearing deposits $64,691
    Retail deposits $70,172
    IRAs and Keogh plan accounts $5,538
    Brokered deposits $3,980
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $92,911
    Cash & Balances due from depository institutions $7,304
    Interest-bearing balances $6,321
    Total securities $10,836
    Federal funds sold & reverse repurchase $0
    Net loans and leases $71,243
    Loan and leases loss allowance $867
    Trading account assets $0
    Bank premises and fixed assets $1,626
    Other real estate owned $0
    Goodwill and other intangibles $254
    All other assets $1,648

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $92,911
    Total Liabilities $85,039
    Total deposits $78,698
    Interest-bearing deposits $64,691
    Deposits held in domestic offices $78,698
    % insured (estimated) $85
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $5,223
    Subordinated debt $0
    All other liabilities $1,118

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $71,243
    Loan and leases loss allowance $867
    Total loans and leases (domestic) $72,110
    All real estate loans $68,730
    Real estate loans in domestic offices $68,730
    Construction and development loans $2,389
    Residential 1-4 family construction $2,173
    Other construction, all land development and other land $216
    Loans secured by nonfarm nonresidential properties $6,475
    Nonfarm nonresidential secured by owner-occupied properties $3,820
    Commercial real estate & other non-farm, non-residential $2,655
    Multifamily residential real estate $4,433
    1-4 family residential loans $54,671
    Farmland loans $762
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $2,794
    To non-U.S. addressees $0
    Loans to individuals $586
    Credit card loans $0
    Related Plans $4
    Consumer Auto Loans $494
    Other loans to individuals $88
    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 $604
    Non 1-4 family restructured loans & leases $20
    Total loans and leases (foreign) $0

    Auburn Savings Bank FSB had $71,243,000 of loans outstanding in 2021. $68,730,000 of loans were in real estate loans. $2,389,000 of loans were in development loans. $4,433,000 of loans were in multifamily mortgage loans. $54,671,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $494,000 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 39 $5,923 $151,872
    Nonfarm, nonresidential loans - <$100k 20 $1,070 $53,500
    Nonfarm, nonresidential loans - $100-250k 13 $2,250 $173,077
    Nonfarm, nonresidential loans - $250k-1MM 6 $2,603 $433,833
    Commercial & Industrial, US addressed loans - <$1MM 58 $2,794 $48,172
    Commercial & Industrial, US addressed loans - <$100k 51 $1,013 $19,863
    Commercial & Industrial, US addressed loans - $100-250k 4 $657 $164,250
    Commercial & Industrial, US addressed loans - $250k-1MM 3 $1,124 $374,667
    Farmland loans - <$1MM 5 $762 $152,400
    Farmland loans - <$100k 2 $57 $28,500
    Farmland loans - $100-250k 2 $324 $162,000
    Farmland loans - $250k-1MM 1 $381 $381,000