Hatboro Federal Savings Fa Mortgage Rates, Fees & Info

Hatboro, PA

LEI: 254900PVPKN915ZIGZ02

Tax ID: 23-0679657

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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

    Hatboro Federal Savings Fa is a smaller mortgage company specializing in Refi and Home Purchase loans. Hatboro Federal Savings Fa has a high proportion of conventional loans. Their top two markets are Philadelphia and Allentown .

    Hatboro Federal Savings Fa 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

    364

    Origination Dollar Volume (All Markets)

    $75,380,000

    Employee count

    43

    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
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 362 $75,030,000 $207,265 $0 0.00%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 2 $350,000 $175,000 $0 0.00%
    Hatboro Federal Savings Fa's top markets include Philadelphia and Allentown among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 364 $75,380,000 $207,088 $0 0.00%

    For 2019, Hatboro Federal Savings Fa's most frequently originated type of loan was Conventional, with 364 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 163 $36,655,000 $224,877 $0 0.00%
    Home Purchase 147 $36,195,000 $246,224 $0 0.00%
    Home Improvement 30 $1,400,000 $46,667 $0 0.00%
    Other 24 $1,130,000 $47,083 $0 0.00%

    For 2019, Hatboro Federal Savings Fa's most frequently cited loan purpose was Refi, with 163 originations. The 2nd most popular reason was Home Purchase, with 147 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 364 $75,380,000 $207,088 $0 0.00%

    For 2019, Hatboro Federal Savings Fa's most frequently cited loan duration was Other, with 364 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 155 $42,325,000 $273,065 $0 0.00%
    $100k-200k 106 $16,560,000 $156,226 $0 0.00%
    $100,000 or less 77 $3,325,000 $43,182 $0 0.00%
    $400k-600k 22 $10,040,000 $456,364 $0 0.00%
    $600k-1MM 3 $2,005,000 $668,333 $0 0.00%
    $1MM+ 1 $1,125,000 $1,125,000 $0 0.00%

    2019 saw Hatboro Federal Savings Fa place emphasis on $200k-400k loans with 155 originations, totaling $42,325,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 92 $19,220,000 $208,913 $0 0.00%
    $150k-250k 87 $23,125,000 $265,805 $0 0.00%
    $75k-100k 63 $11,435,000 $181,508 $0 0.00%
    $50k-75k 50 $8,120,000 $162,400 $0 0.00%
    $50k or less 31 $3,735,000 $120,484 $0 0.00%
    $250k+ 25 $6,615,000 $264,600 $0 0.00%

    Hatboro Federal Savings Fa lent most frequently to those with incomes in the $100k-150k range, with 92 originations. The second most popular income band? $150k-250k, with 87 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 364 $75,380,000 $207,088 $0 0.00%

    Hatboro Federal Savings Fa lent most frequently to those with DTI ratios of Exempt%, with 364 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 306 $63,570,000 $207,745 $0 0.00%
    Not provided 36 $6,520,000 $181,111 $0 0.00%
    Asian 7 $1,935,000 $276,429 $0 0.00%
    Not applicable 8 $1,840,000 $230,000 $0 0.00%
    Black 4 $710,000 $177,500 $0 0.00%
    Filipino 1 $355,000 $355,000 $0 0.00%
    Asian Indian 1 $265,000 $265,000 $0 0.00%
    Chinese 1 $185,000 $185,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.63%

    Hatboro Federal Savings Fa has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    89.84%

    Hatboro Federal Savings Fa has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 364 $75,380,000 $207,088

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 364 $75,380,000 $207,088

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Hatboro Federal Savings, FA 221 South York Road Hatboro, PA 19040 Full Service B&M $193,473
    Hatboro Federal Savings, FA 2539 York Road Jamison, PA 18929 Full Service B&M $36,821
    Hatboro Federal Savings, FA Easton And Bristol Roads Warrington, PA 18976 Full Service B&M $69,621
    Hatboro Federal Savings, FA York And Street Roads Warminster, PA 18974 Full Service B&M $89,619

    For 2019, Hatboro Federal Savings Fa had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $18,925
    Net interest income $13,508
    Total noninterest income $892
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $30
    Trading account gains and fees $0
    Additional Noninterest Income $862
    Pre-tax net operating income $6,090
    Securities gains (or losses, -) $0
    Income before extraordinary items $4,772
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,772
    Minority interest net income $0
    Net income $4,772
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,772

    Hatboro Federal Savings Fa's gross interest income from loans was $18,925,000.
    Hatboro Federal Savings Fa's net interest income from loans was $13,508,000.
    Hatboro Federal Savings Fa's fee based income from loans was $30,000.
    Hatboro Federal Savings Fa's net income from loans was $4,772,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $5,417
    Provision for credit losses $-118
    Total noninterest expense $8,428
    Salaries and employee benefits $4,646
    Premises and equipment expense $698
    Additional noninterest expense $3,084
    Applicable income taxes $1,318
    Net charge-offs $-92
    Cash dividends $0

    Hatboro Federal Savings Fa's interest expense for loans was $5,417,000.
    Hatboro Federal Savings Fa's payroll and benefits expense were $4,646,000.
    Hatboro Federal Savings Fa's property, plant and equipment expenses $698,000.

    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 51.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 1.0%
    HELOC loans 3.0%
    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 $390,560
    Deposits held in domestic offices $390,560
    Deposits by Individuals, partnerships, and corporations $385,261
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $5,299
    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 $73,833
    Demand deposits $29,170
    Nontransaction accounts $316,727
    Money market deposit accounts (MMDAs) $27,313
    Other savings deposits (excluding MMDAs) $41,623
    Total time deposits $247,791
    Total time and savings deposits $361,390
    Noninterest-bearing deposits $16,077
    Interest-bearing deposits $374,483
    Retail deposits $360,995
    IRAs and Keogh plan accounts $89,319
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $517,318
    Cash & Balances due from depository institutions $22,649
    Interest-bearing balances $22,008
    Total securities $81,550
    Federal funds sold & reverse repurchase $0
    Net loans and leases $373,787
    Loan and leases loss allowance $1,876
    Trading account assets $0
    Bank premises and fixed assets $6,564
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $32,768

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $517,318
    Total Liabilities $397,276
    Total deposits $390,560
    Interest-bearing deposits $374,483
    Deposits held in domestic offices $390,560
    % insured (estimated) $94
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $6,716

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $373,787
    Loan and leases loss allowance $1,876
    Total loans and leases (domestic) $375,663
    All real estate loans $375,898
    Real estate loans in domestic offices $375,898
    Construction and development loans $0
    Residential 1-4 family construction $0
    Other construction, all land development and other land $0
    Loans secured by nonfarm nonresidential properties $532
    Nonfarm nonresidential secured by owner-occupied properties $532
    Commercial real estate & other non-farm, non-residential $0
    Multifamily residential real estate $0
    1-4 family residential loans $375,366
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $0
    To non-U.S. addressees $0
    Loans to individuals $0
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $0
    Other loans to individuals $0
    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 $8,162
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Hatboro Federal Savings FA had $373,787,000 of loans outstanding in 2019. $375,898,000 of loans were in real estate loans. $0 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $375,366,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $0 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 2 $532 $266,000
    Nonfarm, nonresidential loans - $250k-1MM 2 $532 $266,000