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 Reading .

    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.

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    Originations

    199

    Origination Dollar Volume (All Markets)

    $43,405,000

    Employee count

    40

    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) 198 $43,120,000 $217,778 $0 0.00%
    READING, PA (FHA|USDA|VA) 1 $285,000 $285,000 $0 0.00%
    Hatboro Federal Savings Fa's top markets include Philadelphia and Reading among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 199 $43,405,000 $218,116 $0 0.00%

    For 2020, Hatboro Federal Savings Fa's most frequently originated type of loan was Conventional, with 199 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 129 $30,195,000 $234,070 $0 0.00%
    Home Purchase 51 $12,385,000 $242,843 $0 0.00%
    Home Improvement 15 $755,000 $50,333 $0 0.00%
    Other 4 $70,000 $17,500 $0 0.00%

    For 2020, Hatboro Federal Savings Fa's most frequently cited loan purpose was Refi, with 129 originations. The 2nd most popular reason was Home Purchase, with 51 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 199 $43,405,000 $218,116 $0 0.00%

    For 2020, Hatboro Federal Savings Fa's most frequently cited loan duration was Other, with 199 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 109 $28,885,000 $265,000 $0 0.00%
    $100k-200k 49 $7,585,000 $154,796 $0 0.00%
    $100,000 or less 30 $1,230,000 $41,000 $0 0.00%
    $400k-600k 10 $4,770,000 $477,000 $0 0.00%
    $600k-1MM 1 $935,000 $935,000 $0 0.00%

    2020 saw Hatboro Federal Savings Fa place emphasis on $200k-400k loans with 109 originations, totaling $28,885,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 44 $10,650,000 $242,045 $0 0.00%
    $75k-100k 38 $6,650,000 $175,000 $0 0.00%
    $150k-250k 36 $10,010,000 $278,056 $0 0.00%
    $50k-75k 33 $5,865,000 $177,727 $0 0.00%
    $50k or less 14 $1,720,000 $122,857 $0 0.00%
    $250k+ 12 $3,220,000 $268,333 $0 0.00%

    Hatboro Federal Savings Fa lent most frequently to those with incomes in the $100k-150k range, with 44 originations. The second most popular income band? $75k-100k, with 38 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 199 $43,405,000 $218,116 $0 0.00%

    Hatboro Federal Savings Fa lent most frequently to those with DTI ratios of Exempt%, with 199 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 163 $35,505,000 $217,822 $0 0.00%
    Not applicable 15 $3,645,000 $243,000 $0 0.00%
    Not provided 16 $3,220,000 $201,250 $0 0.00%
    Asian 4 $640,000 $160,000 $0 0.00%
    Other Asian 1 $395,000 $395,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.94%

    Hatboro Federal Savings Fa has an average approval rate.

    Pick Rate

    Approvals leading to origination
    80.90%

    Hatboro Federal Savings Fa has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 199 $43,405,000 $218,116

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 199 $43,405,000 $218,116

    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 $199,545
    Hatboro Federal Savings, FA 2539 York Road Jamison, PA 18929 Full Service B&M $41,299
    Hatboro Federal Savings, FA Easton And Bristol Roads Warrington, PA 18976 Full Service B&M $76,729
    Hatboro Federal Savings, FA York And Street Roads Warminster, PA 18974 Full Service B&M $91,939

    For 2020, Hatboro Federal Savings Fa had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $16,498
    Net interest income $11,098
    Total noninterest income $1,090
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $24
    Trading account gains and fees $0
    Additional Noninterest Income $1,066
    Pre-tax net operating income $4,266
    Securities gains (or losses, -) $0
    Income before extraordinary items $3,514
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,514
    Minority interest net income $0
    Net income $3,514
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,514

    Hatboro Federal Savings Fa's gross interest income from loans was $16,498,000.
    Hatboro Federal Savings Fa's net interest income from loans was $11,098,000.
    Hatboro Federal Savings Fa's fee based income from loans was $24,000.
    Hatboro Federal Savings Fa's net income from loans was $3,514,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $5,400
    Provision for credit losses $63
    Total noninterest expense $7,859
    Salaries and employee benefits $4,342
    Premises and equipment expense $662
    Additional noninterest expense $2,855
    Applicable income taxes $752
    Net charge-offs $-73
    Cash dividends $0

    Hatboro Federal Savings Fa's interest expense for loans was $5,400,000.
    Hatboro Federal Savings Fa's payroll and benefits expense were $4,342,000.
    Hatboro Federal Savings Fa's property, plant and equipment expenses $662,000.

    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 49.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 1.0%
    HELOC loans 2.0%
    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 $430,132
    Deposits held in domestic offices $430,132
    Deposits by Individuals, partnerships, and corporations $425,000
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $5,132
    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 $90,499
    Demand deposits $90,499
    Nontransaction accounts $339,633
    Money market deposit accounts (MMDAs) $30,952
    Other savings deposits (excluding MMDAs) $46,582
    Total time deposits $262,099
    Total time and savings deposits $339,633
    Noninterest-bearing deposits $16,875
    Interest-bearing deposits $413,257
    Retail deposits $396,939
    IRAs and Keogh plan accounts $90,890
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $562,330
    Cash & Balances due from depository institutions $110,416
    Interest-bearing balances $109,713
    Total securities $64,040
    Federal funds sold & reverse repurchase $0
    Net loans and leases $348,010
    Loan and leases loss allowance $2,012
    Trading account assets $0
    Bank premises and fixed assets $6,393
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $33,471

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $562,330
    Total Liabilities $436,985
    Total deposits $430,132
    Interest-bearing deposits $413,257
    Deposits held in domestic offices $430,132
    % insured (estimated) $94
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $6,853

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $348,010
    Loan and leases loss allowance $2,012
    Total loans and leases (domestic) $350,022
    All real estate loans $350,421
    Real estate loans in domestic offices $350,421
    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 $497
    Nonfarm nonresidential secured by owner-occupied properties $497
    Commercial real estate & other non-farm, non-residential $0
    Multifamily residential real estate $0
    1-4 family residential loans $349,924
    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 $6,550
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Hatboro Federal Savings FA had $348,010,000 of loans outstanding in 2020. $350,421,000 of loans were in real estate loans. $0 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $349,924,000 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 $497 $248,500
    Nonfarm, nonresidential loans - $250k-1MM 2 $497 $248,500