Hatboro Federal Savings Fa Mortgage Rates, Fees & Info

Hatboro, PA

LEI: 254900PVPKN915ZIGZ02

Tax ID: 23-0679657

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

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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 (well, only) market is Philadelphia.

    Hatboro Federal Savings Fa has an above average approval rate when compared to the average across all lenders. They have an above 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

    259

    Origination Dollar Volume (All Markets)

    $58,895,000

    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) 259 $58,895,000 $227,394 $0 0.00%
    Hatboro Federal Savings Fa's top markets include and Philadelphia among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 259 $58,895,000 $227,394 $0 0.00%

    For 2021, Hatboro Federal Savings Fa's most frequently originated type of loan was Conventional, with 259 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 132 $30,010,000 $227,348 $0 0.00%
    Home Purchase 100 $26,170,000 $261,700 $0 0.00%
    Home Improvement 16 $860,000 $53,750 $0 0.00%
    Other 10 $1,650,000 $165,000 $0 0.00%
    Cash Out Refi 1 $205,000 $205,000 $0 0.00%

    For 2021, Hatboro Federal Savings Fa's most frequently cited loan purpose was Refi, with 132 originations. The 2nd most popular reason was Home Purchase, with 100 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 259 $58,895,000 $227,394 $0 0.00%

    For 2021, Hatboro Federal Savings Fa's most frequently cited loan duration was Other, with 259 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 116 $31,920,000 $275,172 $0 0.00%
    $100k-200k 83 $12,545,000 $151,145 $0 0.00%
    $100,000 or less 35 $1,775,000 $50,714 $0 0.00%
    $400k-600k 23 $11,135,000 $484,130 $0 0.00%
    $600k-1MM 2 $1,520,000 $760,000 $0 0.00%

    2021 saw Hatboro Federal Savings Fa place emphasis on $200k-400k loans with 116 originations, totaling $31,920,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 59 $15,095,000 $255,847 $0 0.00%
    $150k-250k 55 $14,365,000 $261,182 $0 0.00%
    $75k-100k 55 $11,195,000 $203,545 $0 0.00%
    $50k-75k 41 $7,385,000 $180,122 $0 0.00%
    $50k or less 23 $3,375,000 $146,739 $0 0.00%
    $250k+ 13 $4,415,000 $339,615 $0 0.00%

    Hatboro Federal Savings Fa lent most frequently to those with incomes in the $100k-150k range, with 59 originations. The second most popular income band? $150k-250k, with 55 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 259 $58,895,000 $227,394 $0 0.00%

    Hatboro Federal Savings Fa lent most frequently to those with DTI ratios of Exempt%, with 259 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 220 $51,290,000 $233,136 $0 0.00%
    Not provided 24 $4,600,000 $191,667 $0 0.00%
    Not applicable 11 $2,565,000 $233,182 $0 0.00%
    Black 3 $255,000 $85,000 $0 0.00%
    Asian 1 $185,000 $185,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.02%

    Hatboro Federal Savings Fa has an average approval rate.

    Pick Rate

    Approvals leading to origination
    91.89%

    Hatboro Federal Savings Fa has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 259 $58,895,000 $227,394

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    259 $58,895,000 $227,394

    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 $208,761
    Hatboro Federal Savings, FA 2539 York Road Jamison, PA 18929 Full Service B&M $50,375
    Hatboro Federal Savings, FA Easton And Bristol Roads Warrington, PA 18976 Full Service B&M $89,811
    Hatboro Federal Savings, FA York And Street Roads Warminster, PA 18974 Full Service B&M $99,702

    For 2021, Hatboro Federal Savings Fa had 4 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $14,667
    Net interest income $10,467
    Total noninterest income $1,426
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $28
    Trading account gains and fees $0
    Additional Noninterest Income $1,398
    Pre-tax net operating income $4,098
    Securities gains (or losses, -) $0
    Income before extraordinary items $3,425
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,425
    Minority interest net income $0
    Net income $3,425
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,425

    Hatboro Federal Savings Fa's gross interest income from loans was $14,667,000.
    Hatboro Federal Savings Fa's net interest income from loans was $10,467,000.
    Hatboro Federal Savings Fa's fee based income from loans was $28,000.
    Hatboro Federal Savings Fa's net income from loans was $3,425,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,200
    Provision for credit losses $-383
    Total noninterest expense $8,178
    Salaries and employee benefits $4,509
    Premises and equipment expense $681
    Additional noninterest expense $2,988
    Applicable income taxes $673
    Net charge-offs $-12
    Cash dividends $0

    Hatboro Federal Savings Fa's interest expense for loans was $4,200,000.
    Hatboro Federal Savings Fa's payroll and benefits expense were $4,509,000.
    Hatboro Federal Savings Fa's property, plant and equipment expenses $681,000.

    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 2.0%
    All other family 0.0%
    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 $450,552
    Deposits held in domestic offices $450,552
    Deposits by Individuals, partnerships, and corporations $445,891
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $4,661
    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 $101,144
    Demand deposits $101,144
    Nontransaction accounts $349,408
    Money market deposit accounts (MMDAs) $43,799
    Other savings deposits (excluding MMDAs) $49,342
    Total time deposits $256,267
    Total time and savings deposits $349,408
    Noninterest-bearing deposits $19,147
    Interest-bearing deposits $431,405
    Retail deposits $412,744
    IRAs and Keogh plan accounts $88,795
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $585,479
    Cash & Balances due from depository institutions $160,426
    Interest-bearing balances $159,733
    Total securities $57,081
    Federal funds sold & reverse repurchase $0
    Net loans and leases $327,266
    Loan and leases loss allowance $1,641
    Trading account assets $0
    Bank premises and fixed assets $6,141
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $34,565

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $585,479
    Total Liabilities $457,858
    Total deposits $450,552
    Interest-bearing deposits $431,405
    Deposits held in domestic offices $450,552
    % insured (estimated) $93
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $7,306

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $327,266
    Loan and leases loss allowance $1,641
    Total loans and leases (domestic) $328,907
    All real estate loans $329,377
    Real estate loans in domestic offices $329,377
    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 $539
    Nonfarm nonresidential secured by owner-occupied properties $539
    Commercial real estate & other non-farm, non-residential $0
    Multifamily residential real estate $0
    1-4 family residential loans $328,838
    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 $6,140
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Hatboro Federal Savings FA had $327,266,000 of loans outstanding in 2021. $329,377,000 of loans were in real estate loans. $0 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $328,838,000 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 $539 $269,500
    Nonfarm, nonresidential loans - $250k-1MM 2 $539 $269,500