The Lyons National Bank Mortgage Rates, Fees & Info

Lyons, NY

LEI: 254900Q6IHGQO7INVC79

Tax ID: 15-0372430

4.7 stars - out of 5 stars, based on 43 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

The Lyons National Bank is a smaller bank specializing in Home Purchase, Cash Out Refi, and Refi loans. The Lyons National Bank has a high proportion of conventional loans. Their top markets include Rochester, Auburn, Syracuse, Seneca Falls, and Corning among others. The Lyons National Bank has an above average approval rate for mortages when compared nationally. They have an average pick rate when compared to the same sample of other lendors. The Lyons National Bank is typically an average fee lendor.


Originations

1,831

Origination Dollar Volume (All Markets)

$314,395,000

Employee count

229

Awards

The Lyons National Bank 30 Year Conventional Loans gold The Lyons National Bank 30 Year Conventional Loans gold The Lyons National Bank 30 Year Conventional Loans gold The Lyons National Bank 30 Year Conventional Loans gold
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Relative Rate

The Lyons National Bank's average 30 year fixed rate mortgage of loans were 3.15%.

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

This yields a difference of -0%.

Relative Fees

The Lyons National Bank's average total fees for a 30 year fixed rate mortgage are $5,015.

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
ROCHESTER, NY (FHA|USDA|VA) 1,279 $208,725,000 $163,194 $3,995 3.14%
Auburn, NY (FHA|USDA|VA) 186 $30,610,000 $164,570 $4,132 3.02%
SYRACUSE, NY (FHA|USDA|VA) 114 $24,100,000 $211,404 $4,537 2.90%
Seneca Falls, NY (FHA|USDA|VA) 145 $23,205,000 $160,034 $3,711 3.08%
Corning, NY (FHA|USDA|VA) 32 $7,600,000 $237,500 $4,587 3.12%
Outside of Metro Areas 22 $4,720,000 $214,545 $5,221 3.23%
Cortland, NY (FHA|USDA|VA) 4 $1,420,000 $355,000 $7,164 2.84%
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 7 $1,335,000 $190,714 $4,075 3.14%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $1,220,000 $610,000 $5,199 3.32%
UTICA-ROME, NY (FHA|USDA|VA) 5 $1,185,000 $237,000 $2,736 2.75%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $1,105,000 $1,105,000 $0 2.88%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 5 $1,065,000 $213,000 $3,493 2.77%
Malone, NY (FHA|USDA|VA) 3 $995,000 $331,667 $9,004 3.62%
ITHACA, NY (FHA|USDA|VA) 3 $965,000 $321,667 $6,462 3.08%
ASHEVILLE, NC (FHA|USDA|VA) 2 $860,000 $430,000 $5,504 2.75%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $800,000 $400,000 $9,651 3.06%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 2 $750,000 $375,000 $5,407 2.63%
BINGHAMTON, NY (FHA|USDA|VA) 4 $620,000 $155,000 $4,745 3.06%
WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) 3 $565,000 $188,333 $5,856 3.73%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $465,000 $465,000 $4,907 2.50%
Batavia, NY (FHA|USDA|VA) 2 $440,000 $220,000 $5,919 3.13%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $385,000 $385,000 $3,825 2.88%
Ogdensburg-Massena, NY (FHA|USDA|VA) 2 $370,000 $185,000 $3,606 2.63%
Jamestown-Dunkirk-Fredonia, NY (FHA|USDA|VA) 2 $350,000 $175,000 $4,682 2.94%
KINGSTON, NY (FHA|USDA|VA) 1 $275,000 $275,000 $5,090 2.88%
Oneonta, NY (FHA|USDA|VA) 1 $265,000 $265,000 $6,522 3.75%

The Lyons National Bank's top markets include Rochester, Auburn, Syracuse, Seneca Falls, and Corning among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 1,831 $314,395,000 $171,707 $4,093 3.11%

For the 2021 period, The Lyons National Bank's most frequently originated loan type of loans were Conventional, with 1,831 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 681 $140,675,000 $206,571 $5,084 3.04%
Cash Out Refi 511 $75,065,000 $146,898 $3,751 3.24%
Refi 411 $79,935,000 $194,489 $3,302 2.82%
Home Improvement 228 $18,720,000 $82,105 $1,806 3.55%

For the 2021, The Lyons National Bank's most frequently cited loan purpose of loans were Home Purchase, with 681 originations. The 2nd most popular reason of loans were Cash Out Refi, with 511 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 994 $180,490,000 $181,579 $5,015 3.15%
15 Year 343 $59,465,000 $173,367 $3,005 2.61%
20 Year 210 $33,460,000 $159,333 $3,522 3.40%
Other 190 $31,650,000 $166,579 $4,081 3.29%
10 Year 90 $8,990,000 $99,889 $1,123 3.51%
5 Year 3 $195,000 $65,000 $1,784 3.28%
3 Year 1 $145,000 $145,000 $0 3.30%

For the 2021, The Lyons National Bank's most frequently cited loan length of loans were 30 Year, with 994 originations. The 2nd most popular length of loans were 15 Year, with 343 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 509 $72,405,000 $142,250
$1k-2k 447 $87,575,000 $195,917
$2k-3k 169 $42,815,000 $253,343
$3k-4k 107 $33,985,000 $317,617
$5k+ 29 $12,565,000 $433,276

$5,015 of loans were The Lyons National Bank's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 509 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 806 $108,320,000 $134,392
2.5-3% 653 $144,675,000 $221,554
<2.5% 293 $52,775,000 $180,119
4-5% 73 $8,105,000 $111,027
5-6% 5 $245,000 $49,000

During 2021, The Lyons National Bank's average interest rate of loans were 3.15%, while their most frequently originated rate bucket of loans were 3-4%, with 806 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 665 $95,805,000 $144,068 $3,668 3.01%
$100,000 or less 590 $35,370,000 $59,949 $2,204 3.41%
$200k-400k 478 $130,170,000 $272,322 $5,182 2.91%
$400k-600k 83 $40,175,000 $484,036 $6,971 2.91%
$600k-1MM 11 $8,275,000 $752,273 $8,907 3.24%
$1MM+ 4 $4,600,000 $1,150,000 $9,543 3.03%

2021 saw The Lyons National Bank place emphasis on $100k-200k loans with 665 originations, totaling $95,805,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 427 $77,135,000 $180,644 $4,553 3.08%
$50k-75k 398 $50,080,000 $125,829 $3,532 3.06%
$75k-100k 309 $46,435,000 $150,275 $3,822 3.13%
$150k-250k 266 $64,100,000 $240,977 $4,995 3.00%
$50k or less 226 $22,000,000 $97,345 $3,149 3.19%
$250k+ 142 $43,320,000 $305,070 $5,474 2.95%

The Lyons National Bank lent most frequently to those with incomes in the $100k-150k range, with 427 originations. The second most popular income band? $50k-75k, with 398 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 427 $71,855,000 $168,279 $4,011 3.02%
30-36% 388 $64,740,000 $166,856 $3,990 3.10%
<20% 136 $25,630,000 $188,456 $4,265 2.91%
44% 95 $15,655,000 $164,789 $4,569 3.13%
41% 83 $13,345,000 $160,783 $3,994 3.41%
43% 79 $13,235,000 $167,532 $3,834 3.09%
38% 77 $13,825,000 $179,545 $4,728 3.03%
40% 75 $12,685,000 $169,133 $4,438 3.13%
39% 73 $12,645,000 $173,219 $4,312 3.03%
36% 73 $12,315,000 $168,699 $3,824 3.01%
42% 71 $12,765,000 $179,789 $4,087 3.17%
37% 69 $11,255,000 $163,116 $3,856 3.16%
45% 31 $6,035,000 $194,677 $4,492 2.94%
46% 19 $3,615,000 $190,263 $4,202 2.77%
48% 16 $2,860,000 $178,750 $3,826 2.92%
49% 16 $3,480,000 $217,500 $4,859 2.99%
47% 14 $2,590,000 $185,000 $3,950 2.74%
50-60% 5 $965,000 $193,000 $3,576 3.05%
>60% 1 $35,000 $35,000 $394 3.40%

The Lyons National Bank lent most frequently to those with DTI ratios of 20-30%, with 427 originations. The next most common DTI ratio? 30-36%, with 388 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 1,745 $296,195,000 $169,739 $4,084 3.08%
Not applicable 43 $8,825,000 $205,233 $0 4.21%
Asian 20 $5,320,000 $266,000 $4,882 2.94%
Black 21 $3,575,000 $170,238 $4,226 3.19%
Other Pacific Islander 1 $425,000 $425,000 $0 4.35%
American Indian 1 $55,000 $55,000 $0 3.50%

Approval Rates

Total approvals of all applications
92.68%

The Lyons National Bank has an average approval rate.

Pick Rate

Approvals leading to origination
91.47%

The Lyons National Bank has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 1,831 $314,395,000 $171,707

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
1,831 $314,395,000 $171,707

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 225 $21,715,000 $96,511 $2,262 3.36%
40-60% 264 $42,400,000 $160,606 $3,051 2.97%
60-80% 648 $132,590,000 $204,614 $4,411 2.99%
80-100% 505 $107,415,000 $212,703 $4,901 3.03%
Over 100% 6 $2,430,000 $405,000 $0 4.22%
Under 20% 183 $7,845,000 $42,869 $655 3.59%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
The Lyons National Bank 1314 Fairport Road Fairport, NY 14450 Full Service B&M $79,388
The Lyons National Bank 1423 Hathaway Drive Farmington, NY 14425 Full Service B&M $34,706
The Lyons National Bank 2 Forgham Street Lyons, NY 14489 Full Service B&M $49,692
The Lyons National Bank 2 N Main St Jordan, NY 13080 Full Service B&M $41,355
The Lyons National Bank 205 Liberty Street Penn Yan, NY 14527 Full Service B&M $206,430
The Lyons National Bank 2433 State Route 414 Waterloo, NY 13165 Full Service B&M $103,051
The Lyons National Bank 311 Grant Ave Auburn, NY 13021 Full Service B&M $69,242
The Lyons National Bank 3225 East Lake Rd. Suite 65 Canandaigua, NY 14424 Full Service B&M $96,251
The Lyons National Bank 35 Williams Street Lyons, NY 14489 Full Service B&M $138,216
The Lyons National Bank 359 Nys Route 31 Macedon, NY 14502 Full Service B&M $83,038
The Lyons National Bank 399 Exchange Street Geneva, NY 14456 Full Service B&M $170,503
The Lyons National Bank 4 Williams St Clyde, NY 14433 Full Service B&M $61,674
The Lyons National Bank 5996 New Hartford Street Wolcott, NY 14590 Full Service B&M $100,002
The Lyons National Bank 6280 Furnace Road, Suite 200 Ontario, NY 14519 Full Service B&M $90,582
The Lyons National Bank 63 Genesee St Auburn, NY 13021 Full Service B&M $25,881
The Lyons National Bank 750 W Miller Street Newark, NY 14513 Full Service B&M $89,832

For 2021, The Lyons National Bank had 16 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $53,434
Net interest income $50,076
Total noninterest income $13,481
Gross Fiduciary activities income $0
Service charges on deposit accounts $2,586
Trading account gains and fees $0
Additional Noninterest Income $10,895
Pre-tax net operating income $20,851
Securities gains (or losses, -) $-502
Income before extraordinary items $16,341
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $16,341
Minority interest net income $5
Net income $16,336
Sale, conversion, retirement of capital stock, net $0
Net operating income $16,742

The Lyons National Bank's gross interest income from loans was $53,434,000.
The Lyons National Bank's net interest income from loans was $50,076,000.
The Lyons National Bank's fee based income from loans was $2,586,000.
The Lyons National Bank's net income from loans was $16,336,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $3,358
Provision for credit losses $1,340
Total noninterest expense $41,366
Salaries and employee benefits $23,192
Premises and equipment expense $4,310
Additional noninterest expense $13,864
Applicable income taxes $4,008
Net charge-offs $378
Cash dividends $5,379

The Lyons National Bank's interest expense for loans was $3,358,000.
The Lyons National Bank's payroll and benefits expense were $23,192,000.
The Lyons National Bank's property, plant and equipment expenses $4,310,000.

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 0.0%
Credit card loans 0.9%
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 $1,471,678
Deposits held in domestic offices $1,471,678
Deposits by Individuals, partnerships, and corporations $1,227,889
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $243,789
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 $667,835
Demand deposits $480,368
Nontransaction accounts $803,843
Money market deposit accounts (MMDAs) $207,985
Other savings deposits (excluding MMDAs) $405,318
Total time deposits $190,539
Total time and savings deposits $991,310
Noninterest-bearing deposits $452,738
Interest-bearing deposits $1,018,940
Retail deposits $1,399,787
IRAs and Keogh plan accounts $25,705
Brokered deposits $5,000
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $1,626,303
Cash & Balances due from depository institutions $47,318
Interest-bearing balances $31,306
Total securities $387,286
Federal funds sold & reverse repurchase $0
Net loans and leases $1,118,615
Loan and leases loss allowance $18,344
Trading account assets $0
Bank premises and fixed assets $30,361
Other real estate owned $0
Goodwill and other intangibles $2,866
All other assets $39,857

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $1,626,303
Total Liabilities $1,495,625
Total deposits $1,471,678
Interest-bearing deposits $1,018,940
Deposits held in domestic offices $1,471,678
% insured (estimated) $71
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $23,947

Issued Loan Types

Type Value (in 000's)
Net loans and leases $1,118,615
Loan and leases loss allowance $18,344
Total loans and leases (domestic) $1,136,959
All real estate loans $947,917
Real estate loans in domestic offices $947,917
Construction and development loans $42,349
Residential 1-4 family construction $21,766
Other construction, all land development and other land $20,583
Loans secured by nonfarm nonresidential properties $220,207
Nonfarm nonresidential secured by owner-occupied properties $114,097
Commercial real estate & other non-farm, non-residential $106,110
Multifamily residential real estate $38,829
1-4 family residential loans $570,560
Farmland loans $75,972
Loans held in foreign offices $0
Farm loans $38,292
Commercial and industrial loans $115,883
To non-U.S. addressees $0
Loans to individuals $35,044
Credit card loans $1,766
Related Plans $1,686
Consumer Auto Loans $13,469
Other loans to individuals $18,123
All other loans & leases $1,856
Loans to foreign governments and official institutions $0
Other loans $1,333
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 $4,650
Non 1-4 family restructured loans & leases $4,447
Total loans and leases (foreign) $0

The Lyons National Bank had $1,118,615,000 of loans outstanding in 2021. $947,917,000 of loans were in real estate loans. $42,349,000 of loans were in development loans. $38,829,000 of loans were in multifamily mortgage loans. $570,560,000 of loans were in 1-4 family mortgage loans. $38,292,000 of loans were in farm loans. $1,766,000 of loans were in credit card loans. $13,469,000 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 625 $100,680 $161,088
Nonfarm, nonresidential loans - <$100k 246 $5,138 $20,886
Nonfarm, nonresidential loans - $100-250k 169 $19,569 $115,793
Nonfarm, nonresidential loans - $250k-1MM 210 $75,973 $361,776
Commercial & Industrial, US addressed loans - <$1MM 3,054 $90,746 $29,714
Commercial & Industrial, US addressed loans - <$100k 2,588 $26,444 $10,218
Commercial & Industrial, US addressed loans - $100-250k 288 $22,521 $78,198
Commercial & Industrial, US addressed loans - $250k-1MM 178 $41,781 $234,725
Farmland loans - <$1MM 366 $49,523 $135,309
Farmland loans - <$100k 133 $3,969 $29,842
Farmland loans - $100-250k 132 $17,756 $134,515
Farmland loans - $250k-1MM 101 $27,798 $275,228
Agriculture operations loans - <$1MM 1,445 $33,225 $22,993
Agriculture operations loans - <$100k 1,275 $14,894 $11,682
Agriculture operations loans - $100-250k 123 $10,673 $86,772
Agriculture operations loans - $250k-1MM 47 $7,658 $162,936