Bank Of New Hampshire Mortgage Rates, Fees & Info

Laconia, NH

LEI: 254900PJVECT3YD6KY88

Tax ID: 02-0155840

5 stars - out of 5 stars, based on 28 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Bank Of New Hampshire is a smaller bank specializing in Home Purchase and Refi loans. Bank Of New Hampshire has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets include Manchester, Laconia, Boston, Providence, and Lebanon among others. Bank Of New Hampshire has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Bank Of New Hampshire is typically an average fee lendor.


Originations

774

Origination Dollar Volume (All Markets)

$323,050,000

Employee count

282

Awards

Bank of New Hampshire 30 Year Conventional Loans bronze Bank of New Hampshire 30 Year Conventional Loans silver Bank of New Hampshire 30 Year Conventional Loans silver Bank of New Hampshire 30 Year Conventional Loans gold
Show all (4) awards

Relative Rate

Bank Of New Hampshire's average 30 year fixed rate mortgage of loans were 3.26%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 0.11%.

Relative Fees

Bank Of New Hampshire's average total fees for a 30 year fixed rate mortgage are $3,421.

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 $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 69 $59,675,000 $864,855 $3,293 3.50%
Laconia, NH (FHA|USDA|VA) 186 $57,150,000 $307,258 $3,270 3.33%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 143 $54,515,000 $381,224 $4,150 4.04%
Outside of Metro Areas 134 $38,960,000 $290,746 $3,514 3.35%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 3 $34,455,000 $11,485,000 $0 2.65%
Lebanon, NH-VT (FHA|USDA|VA) 112 $22,440,000 $200,357 $3,167 3.40%
Vineyard Haven, MA (FHA|USDA|VA) 3 $20,735,000 $6,911,667 $0 3.37%
Concord, NH (FHA|USDA|VA) 54 $14,200,000 $262,963 $3,522 3.47%
Berlin, NH (FHA|USDA|VA) 35 $6,745,000 $192,714 $3,472 3.30%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 11 $3,595,000 $326,818 $4,046 3.88%
Augusta-Waterville, ME (FHA|USDA|VA) 1 $2,725,000 $2,725,000 $0 3.25%
WILMINGTON, NC (FHA|USDA|VA) 1 $2,315,000 $2,315,000 $0 3.50%
LEWISTON-AUBURN, ME (FHA|USDA|VA) 5 $1,045,000 $209,000 $2,917 4.29%
Keene, NH (FHA|USDA|VA) 6 $920,000 $153,333 $2,665 3.58%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $885,000 $885,000 $3,757 3.00%
WORCESTER, MA-CT (FHA|USDA|VA) 2 $620,000 $310,000 $3,135 3.13%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $605,000 $605,000 $3,748 3.50%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 2 $560,000 $280,000 $3,030 3.13%
SPRINGFIELD, MA (FHA|USDA|VA) 2 $370,000 $185,000 $3,041 3.25%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $255,000 $255,000 $3,109 3.38%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $175,000 $175,000 $6,802 2.50%
BANGOR, ME (FHA|USDA|VA) 1 $105,000 $105,000 $2,497 3.50%

Bank Of New Hampshire's top markets include Manchester, Laconia, Boston, Providence, and Lebanon among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 758 $318,230,000 $419,828 $3,432 3.53%
VA 11 $3,895,000 $354,091 $5,790 2.58%
USDA 5 $925,000 $185,000 $4,736 2.78%

For the 2021 period, Bank Of New Hampshire's most frequently originated loan type of loans were Conventional, with 758 originations. Their 2nd most popular type is VA, with 11 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 382 $148,220,000 $388,010 $3,868 3.59%
Refi 188 $125,680,000 $668,511 $3,112 3.14%
Cash Out Refi 171 $41,885,000 $244,942 $3,327 3.62%
Other 19 $3,745,000 $197,105 $2,838 4.28%
Home Improvement 14 $3,520,000 $251,429 $1,962 3.99%

For the 2021, Bank Of New Hampshire's most frequently cited loan purpose of loans were Home Purchase, with 382 originations. The 2nd most popular reason of loans were Refi, with 188 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 459 $123,015,000 $268,007 $3,421 3.26%
15 Year 92 $16,810,000 $182,717 $2,907 3.53%
20 Year 91 $42,665,000 $468,846 $2,892 3.48%
Other 69 $60,385,000 $875,145 $2,881 5.19%
30+ year 35 $16,175,000 $462,143 $7,311 3.38%
10 Year 25 $55,375,000 $2,215,000 $1,729 3.65%
5 Year 2 $1,250,000 $625,000 $4,303 3.44%
3 Year 1 $7,375,000 $7,375,000 $0 3.75%

For the 2021, Bank Of New Hampshire's most frequently cited loan length of loans were 30 Year, with 459 originations. The 2nd most popular length of loans were 15 Year, with 92 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 533 $141,715,000 $265,882
$1k-2k 58 $10,900,000 $187,931
$2k-3k 22 $4,290,000 $195,000
$3k-4k 15 $4,135,000 $275,667
$5k+ 10 $4,540,000 $454,000

$3,421 of loans were Bank Of New Hampshire's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 533 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 446 $218,460,000 $489,821
2.5-3% 206 $84,700,000 $411,165
5-6% 33 $4,935,000 $149,545
6-7% 31 $2,865,000 $92,419
4-5% 30 $5,300,000 $176,667
<2.5% 26 $6,620,000 $254,615
7-8% 2 $170,000 $85,000

During 2021, Bank Of New Hampshire's average interest rate of loans were 3.26%, while their most frequently originated rate bucket of loans were 3-4%, with 446 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 286 $80,280,000 $280,699 $3,555 3.28%
$100k-200k 254 $37,810,000 $148,858 $3,046 3.47%
$100,000 or less 103 $7,275,000 $70,631 $2,513 4.51%
$400k-600k 64 $30,980,000 $484,063 $4,369 3.25%
$600k-1MM 38 $27,630,000 $727,105 $6,703 3.33%
$1MM+ 29 $139,075,000 $4,795,690 $5,690 3.39%

2021 saw Bank Of New Hampshire place emphasis on $200k-400k loans with 286 originations, totaling $80,280,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 147 $33,985,000 $231,190 $3,454 3.37%
$150k-250k 143 $48,105,000 $336,399 $3,386 3.35%
$50k-75k 131 $21,585,000 $164,771 $3,194 3.63%
$250k+ 99 $54,105,000 $546,515 $4,350 3.16%
$75k-100k 91 $20,645,000 $226,868 $3,294 3.47%
$50k or less 77 $8,135,000 $105,649 $3,243 4.17%

Bank Of New Hampshire lent most frequently to those with incomes in the $100k-150k range, with 147 originations. The second most popular income band? $150k-250k, with 143 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 192 $46,570,000 $242,552 $3,469 3.35%
30-36% 153 $39,625,000 $258,987 $3,555 3.47%
<20% 79 $22,815,000 $288,797 $3,463 3.22%
39% 48 $11,620,000 $242,083 $3,433 3.87%
37% 36 $7,930,000 $220,278 $2,960 3.68%
38% 33 $6,385,000 $193,485 $2,847 3.61%
40% 30 $8,460,000 $282,000 $3,246 3.59%
42% 24 $4,810,000 $200,417 $3,735 4.01%
41% 23 $4,895,000 $212,826 $3,473 3.88%
36% 21 $6,685,000 $318,333 $5,195 3.43%
43% 14 $3,760,000 $268,571 $3,346 3.47%
44% 11 $3,195,000 $290,455 $4,048 3.81%
45% 7 $1,445,000 $206,429 $3,823 2.86%
48% 5 $845,000 $169,000 $3,027 3.25%
50-60% 3 $815,000 $271,667 $2,925 4.33%
47% 2 $870,000 $435,000 $2,956 2.68%
46% 2 $200,000 $100,000 $3,277 2.75%
49% 1 $125,000 $125,000 $4,960 2.88%

Bank Of New Hampshire lent most frequently to those with DTI ratios of 20-30%, with 192 originations. The next most common DTI ratio? 30-36%, with 153 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 588 $153,110,000 $260,391 $3,494 3.49%
Not applicable 80 $132,290,000 $1,653,625 $0 3.68%
Not provided 79 $29,465,000 $372,975 $3,233 3.42%
Asian 14 $4,020,000 $287,143 $3,632 3.54%
American Indian 9 $3,225,000 $358,333 $4,753 3.46%
Black 4 $940,000 $235,000 $3,612 3.97%

Approval Rates

Total approvals of all applications
87.14%

Bank Of New Hampshire has an average approval rate.

Pick Rate

Approvals leading to origination
72.04%

Bank Of New Hampshire has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
750.0 30 $2,750,000 $91,667
NA 744 $320,300,000 $430,511

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
774 $323,050,000 $417,377

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 70 $10,580,000 $151,143 $2,682 3.50%
40-60% 166 $119,480,000 $719,759 $3,305 3.40%
60-80% 327 $116,505,000 $356,284 $3,500 3.65%
80-100% 194 $72,390,000 $373,144 $3,959 3.35%
Over 100% 2 $810,000 $405,000 $6,959 3.19%
Under 20% 14 $2,860,000 $204,286 $2,219 3.72%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
BANK OF THE WEST Conventional home mortgage Trouble during payment process 6 20.0%
BANK OF THE WEST VA mortgage Trouble during payment process 1 3.3%
BANK OF THE WEST Other type of mortgage Trouble during payment process 2 6.7%
BANK OF THE WEST Other type of mortgage Struggling to pay mortgage 1 3.3%
BANK OF THE WEST Other type of mortgage Closing on a mortgage 1 3.3%
BANK OF THE WEST Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 3.3%
BANK OF THE WEST Home equity loan or line of credit (HELOC) Trouble during payment process 3 10.0%
BANK OF THE WEST Home equity loan or line of credit (HELOC) Closing on a mortgage 4 13.3%
BANK OF THE WEST Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 2 6.7%
BANK OF THE WEST FHA mortgage Trouble during payment process 1 3.3%
BANK OF THE WEST Conventional home mortgage Struggling to pay mortgage 2 6.7%
BANK OF THE WEST Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 5 16.7%
BANK OF THE WEST Conventional home mortgage Closing on a mortgage 1 3.3%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Bank of New Hampshire 11 Triangle Park Drive Concord, NH 3301 Full Service B&M $53,611
Bank of New Hampshire 1441 Lakeshore Road Gilford, NH 3246 Full Service B&M $77,937
Bank of New Hampshire 16-18 South Main Street Concord, NH 3301 Full Service B&M $0
Bank of New Hampshire 160 Main Street Littleton, NH 3561 Full Service B&M $69,411
Bank of New Hampshire 167 North Main Street Concord, NH 3301 Full Service B&M $190,352
Bank of New Hampshire 21 Tower Road Campton, NH 3223 Full Service B&M $44,920
Bank of New Hampshire 23 Main Street Conway, NH 3818 Full Service B&M $49,873
Bank of New Hampshire 265 Wallace Road, Unit B Bedford, NH 3110 Full Service B&M $36,977
Bank of New Hampshire 3 Eagle Square Concord, NH 3301 Limited, Trust Office $0
Bank of New Hampshire 301 North Main Street Rochester, NH 3867 Full Service B&M $34,528
Bank of New Hampshire 325 West Main St Hillsborough, NH 3244 Full Service B&M $47,767
Bank of New Hampshire 345 Union Avenue Laconia, NH 3246 Limited, Drive-thru $0
Bank of New Hampshire 583 Main Street Gorham, NH 3581 Full Service B&M $41,697
Bank of New Hampshire 6 Riverside Drive Plymouth, NH 3264 Full Service B&M $109,877
Bank of New Hampshire 60 Kings Square Whitefield, NH 3598 Full Service B&M $36,555
Bank of New Hampshire 62 Pleasant St Laconia, NH 3246 Full Service B&M $559,360
Bank of New Hampshire 705 Hooksett Road Manchester, NH 3104 Full Service B&M $53,455
Bank of New Hampshire 76 Main St Lincoln, NH 3251 Full Service B&M $23,330
Bank of New Hampshire 77 Main Street Antrim, NH 3440 Full Service B&M $39,830
Bank of New Hampshire 845 Central Avenue Dover, NH 3820 Full Service B&M $74,536
Bank of New Hampshire One Country Club Road Gilford, NH 3246 Full Service B&M $114,956
Bank of New Hampshire Route 16 Ossipee, NH 3864 Full Service B&M $73,734
Bank of New Hampshire Route 25 Moultonborough, NH 3254 Full Service B&M $63,102
Bank of New Hampshire 14 Sullivan Street Claremont, NH 3743 Full Service B&M $50,342

For 2021, Bank Of New Hampshire had 24 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $69,447
Net interest income $67,189
Total noninterest income $16,455
Gross Fiduciary activities income $4,605
Service charges on deposit accounts $1,665
Trading account gains and fees $0
Additional Noninterest Income $10,185
Pre-tax net operating income $29,051
Securities gains (or losses, -) $395
Income before extraordinary items $23,470
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $23,470
Minority interest net income $0
Net income $23,470
Sale, conversion, retirement of capital stock, net $0
Net operating income $23,154

Bank Of New Hampshire's gross interest income from loans was $69,447,000.
Bank Of New Hampshire's net interest income from loans was $67,189,000.
Bank Of New Hampshire's fee based income from loans was $1,665,000.
Bank Of New Hampshire's net income from loans was $23,470,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $2,258
Provision for credit losses $0
Total noninterest expense $54,593
Salaries and employee benefits $32,192
Premises and equipment expense $6,885
Additional noninterest expense $15,516
Applicable income taxes $5,976
Net charge-offs $-29
Cash dividends $0

Bank Of New Hampshire's interest expense for loans was $2,258,000.
Bank Of New Hampshire's payroll and benefits expense were $32,192,000.
Bank Of New Hampshire's property, plant and equipment expenses $6,885,000.

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 1.0%
Personal loans 1.0%
Credit card loans 0.0%
Other individual loans 1.0%
Auto loans 0.0%
Other consumer loans 1.0%
Unsecured commercial real estate loans 0.0%

Deposits

Type Value (in 000's)
Total deposits $1,953,648
Deposits held in domestic offices $1,953,648
Deposits by Individuals, partnerships, and corporations $1,720,158
Deposits by U.S. Government $8
Deposits by States and political subdivisions in the U.S. $229,756
Deposits by Commercial banks and other depository institutions in U.S. $3,726
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $1,060,110
Demand deposits $785,101
Nontransaction accounts $893,538
Money market deposit accounts (MMDAs) $392,877
Other savings deposits (excluding MMDAs) $347,410
Total time deposits $153,251
Total time and savings deposits $1,168,547
Noninterest-bearing deposits $570,521
Interest-bearing deposits $1,383,127
Retail deposits $1,817,471
IRAs and Keogh plan accounts $44,167
Brokered deposits $98,020
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $2,315,197
Cash & Balances due from depository institutions $78,276
Interest-bearing balances $62,730
Total securities $449,712
Federal funds sold & reverse repurchase $0
Net loans and leases $1,667,847
Loan and leases loss allowance $22,600
Trading account assets $0
Bank premises and fixed assets $27,075
Other real estate owned $0
Goodwill and other intangibles $26,810
All other assets $65,477

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $2,315,197
Total Liabilities $2,068,232
Total deposits $1,953,648
Interest-bearing deposits $1,383,127
Deposits held in domestic offices $1,953,648
% insured (estimated) $80
Federal funds purchased and repurchase agreements $88,794
Trading liabilities $0
Other borrowed funds $1,118
Subordinated debt $0
All other liabilities $24,672

Issued Loan Types

Type Value (in 000's)
Net loans and leases $1,667,847
Loan and leases loss allowance $22,600
Total loans and leases (domestic) $1,690,447
All real estate loans $1,515,763
Real estate loans in domestic offices $1,515,763
Construction and development loans $107,267
Residential 1-4 family construction $16,587
Other construction, all land development and other land $90,680
Loans secured by nonfarm nonresidential properties $725,652
Nonfarm nonresidential secured by owner-occupied properties $227,093
Commercial real estate & other non-farm, non-residential $498,559
Multifamily residential real estate $109,682
1-4 family residential loans $571,534
Farmland loans $1,628
Loans held in foreign offices $0
Farm loans $6,559
Commercial and industrial loans $89,312
To non-U.S. addressees $0
Loans to individuals $38,737
Credit card loans $0
Related Plans $155
Consumer Auto Loans $509
Other loans to individuals $38,073
All other loans & leases $40,076
Loans to foreign governments and official institutions $0
Other loans $72
Loans to depository institutions and acceptances of other banks $0
Loans not secured by real estate $16,396
Loans secured by real estate to non-U.S. addressees $0
Restructured Loans & leases $1,624
Non 1-4 family restructured loans & leases $196
Total loans and leases (foreign) $0

Bank of New Hampshire had $1,667,847,000 of loans outstanding in 2021. $1,515,763,000 of loans were in real estate loans. $107,267,000 of loans were in development loans. $109,682,000 of loans were in multifamily mortgage loans. $571,534,000 of loans were in 1-4 family mortgage loans. $6,559,000 of loans were in farm loans. $0 of loans were in credit card loans. $509,000 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 447 $110,337 $246,839
Nonfarm, nonresidential loans - <$100k 67 $2,471 $36,881
Nonfarm, nonresidential loans - $100-250k 156 $18,405 $117,981
Nonfarm, nonresidential loans - $250k-1MM 224 $89,461 $399,379
Commercial & Industrial, US addressed loans - <$1MM 518 $32,651 $63,033
Commercial & Industrial, US addressed loans - <$100k 339 $7,852 $23,162
Commercial & Industrial, US addressed loans - $100-250k 102 $9,890 $96,961
Commercial & Industrial, US addressed loans - $250k-1MM 77 $14,909 $193,623