The Lyons National Bank Mortgage Rates, Fees & Info

Lyons, NY

LEI: 254900Q6IHGQO7INVC79

Tax ID: 15-0372430

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

Review & Overview

The Lyons National Bank is a smaller bank specializing in Home Purchase loans. The Lyons National Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Rochester, Auburn, Seneca Falls, Syracuse, and Corning among others. We have data for 20 markets. (Some data included below & more in-depth data is available with an active subscription.)

The Lyons National Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. The Lyons National Bank is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™ Mortgage Type	Simulated Rate	Simulation Date
Home Equity Line of Credit (HELOC)	6.27%	4/18/24
30 Year Conventional Purchase	6.49%	4/18/24
30 Year Conventional Refi	5.73%	4/18/24
30 Year Cash-out Refi	6.42%	4/18/24
15 Year Conventional Purchase	6.04%	4/18/24
15 Year Conventional Refi	5.87%	4/18/24
15 Year Cash-out Refi	5.87%	4/18/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

The Lyons National Bank Mortgage Calculator

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This is not an official calculator from The Lyons National Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.

Originations

1,047

Origination Dollar Volume (All Markets)

$145,125,000

Employee count

215

Awards

The Lyons National Bank 30 Year Conventional Loans gold

The Lyons National Bank 30 Year Conventional Loans silver

Show all (3) awards

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
ROCHESTER, NY (FHA\|USDA\|VA)	735	$103,365,000	$140,633	$3,712	4.69%
Auburn, NY (FHA\|USDA\|VA)	104	$13,080,000	$125,769	$3,635	4.63%
Seneca Falls, NY (FHA\|USDA\|VA)	112	$13,040,000	$116,429	$3,230	4.73%
SYRACUSE, NY (FHA\|USDA\|VA)	43	$6,995,000	$162,674	$3,915	4.50%
Corning, NY (FHA\|USDA\|VA)	19	$2,885,000	$151,842	$3,485	4.70%
Outside of Metro Areas	9	$1,015,000	$112,778	$4,815	4.46%
UTICA-ROME, NY (FHA\|USDA\|VA)	4	$850,000	$212,500	$3,806	4.57%
BUFFALO-CHEEKTOWAGA, NY (FHA\|USDA\|VA)	7	$735,000	$105,000	$5,960	4.56%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA\|USDA\|VA)	1	$585,000	$585,000	$6,041	4.00%
BARNSTABLE TOWN, MA (FHA\|USDA\|VA)	1	$405,000	$405,000	$5,819	4.75%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA\|USDA\|VA)	1	$325,000	$325,000	$8,995	4.75%
WATERTOWN-FORT DRUM, NY (FHA\|USDA\|VA)	2	$310,000	$155,000	$3,793	5.13%
PROVIDENCE-WARWICK, RI-MA (FHA\|USDA\|VA)	1	$305,000	$305,000	$2,834	4.75%
CAPE CORAL-FORT MYERS, FL (FHA\|USDA\|VA)	1	$285,000	$285,000	$5,534	4.50%
PUNTA GORDA, FL (FHA\|USDA\|VA)	1	$245,000	$245,000	$5,705	4.88%
Batavia, NY (FHA\|USDA\|VA)	2	$240,000	$120,000	$3,952	4.50%
LAKELAND-WINTER HAVEN, FL (FHA\|USDA\|VA)	1	$235,000	$235,000	$794	4.60%
Cortland, NY (FHA\|USDA\|VA)	1	$85,000	$85,000	$2,990	4.88%
Amsterdam, NY (FHA\|USDA\|VA)	1	$85,000	$85,000	$4,330	4.75%
Olean, NY (FHA\|USDA\|VA)	1	$55,000	$55,000	$5,928	5.88%

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

Their top states include:

New York (FHA|USDA|VA)

Florida (FHA|USDA|VA)

Massachusetts (FHA|USDA|VA)

Rhode Island (FHA|USDA|VA)

Similar Lenders

We use machine learning to identify the top lenders compared against The Lyons National Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

FIRST HERITAGE FEDERAL CREDIT UNION
Similarity Rank: 36

Pittsford Federal Credit Union
Similarity Rank: 44

SECNY Federal Credit Union
Similarity Rank: 44

Geddes Federal Savings and Loan Association
Similarity Rank: 60

COUNTRYSIDE Federal Credit Union
Similarity Rank: 84

VISIONS
Similarity Rank: 125

Elmira Savings Bank
Similarity Rank: 168

Five Star Bank
Similarity Rank: 182

USNY Bank
Similarity Rank: 252

FAMILY FIRST OF NY
Similarity Rank: 306

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	857	$129,955,000	$151,639	$3,687	4.67%
HELOC	189	$15,015,000	$79,444	n/a	4.75%
USDA	1	$155,000	$155,000	$0	5.75%

For 2018, The Lyons National Bank's most frequently originated type of loan was Conventional, with 857 originations. Their 2nd most popular type was HELOC, with 189 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	604	$101,710,000	$168,394	$4,594	4.67%
Cash Out Refi	254	$25,350,000	$99,803	$1,347	4.70%
Home Improvement	126	$11,600,000	$92,063	$1,204	4.73%
Refi	54	$5,920,000	$109,630	$3,084	4.57%
Other	9	$545,000	$60,556	$712	4.89%

For 2018, The Lyons National Bank's most frequently cited loan purpose was Home Purchase, with 604 originations. The 2nd most popular reason was Cash Out Refi, with 254 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
30 Year	624	$100,740,000	$161,442	$4,838	4.71%
15 Year	141	$17,135,000	$121,525	$2,360	4.29%
20 Year	138	$15,420,000	$111,739	$1,727	5.00%
Other	76	$8,530,000	$112,237	$1,926	4.73%
10 Year	58	$2,960,000	$51,034	$471	4.58%
5 Year	10	$340,000	$34,000	$521	4.43%

For 2018, The Lyons National Bank's most frequently cited loan duration was 30 Year, with 624 originations. The 2nd most popular length was 15 Year, with 141 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$<1k	467	$57,985,000	$124,165
$1k-2k	190	$34,410,000	$181,105
$2k-3k	61	$15,045,000	$246,639
$3k-4k	22	$6,730,000	$305,909
$4k-5k	13	$3,335,000	$256,538
$5k+	10	$3,100,000	$310,000

The Lyons National Bank's average total fees were $4,838, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 467 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
4-5%	786	$109,720,000	$139,593
5-6%	152	$17,000,000	$111,842
3-4%	99	$17,865,000	$180,455
6-7%	10	$540,000	$54,000

During 2018, The Lyons National Bank's average interest rate for loans was 4.71%, while their most frequently originated rate bucket for loans was 4-5%, with 786 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	487	$28,045,000	$57,587	$1,942	4.76%
$100k-200k	349	$48,295,000	$138,381	$3,435	4.66%
$200k-400k	181	$48,715,000	$269,144	$6,140	4.57%
$400k-600k	22	$10,330,000	$469,545	$6,865	4.37%
$600k-1MM	5	$3,785,000	$757,000	$8,061	4.38%
$1MM+	3	$5,955,000	$1,985,000	$28,461	4.98%

2018 saw The Lyons National Bank place emphasis on $100,000 or less loans with 487 originations, totaling $28,045,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k-75k	262	$26,700,000	$101,908	$2,915	4.72%
$100k-150k	218	$33,060,000	$151,651	$4,422	4.66%
$75k-100k	185	$21,905,000	$118,405	$3,273	4.63%
$50k or less	172	$14,330,000	$83,314	$2,726	4.72%
$150k-250k	143	$27,905,000	$195,140	$5,438	4.71%
$250k+	54	$18,330,000	$339,444	$6,180	4.51%

The Lyons National Bank lent most frequently to those with incomes in the $50k-75k range, with 262 originations. The second most popular income band? $100k-150k, with 218 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
30-36%	215	$31,395,000	$146,023	$3,688	4.70%
20-30%	182	$21,010,000	$115,440	$3,301	4.64%
<20%	84	$9,870,000	$117,500	$2,824	4.61%
42%	60	$6,890,000	$114,833	$2,712	4.78%
41%	60	$8,120,000	$135,333	$4,055	4.71%
44%	53	$8,675,000	$163,679	$4,837	4.67%
40%	49	$6,905,000	$140,918	$3,747	4.73%
43%	46	$6,640,000	$144,348	$4,236	4.73%
39%	45	$8,255,000	$183,444	$3,814	4.79%
36%	45	$7,825,000	$173,889	$4,216	4.63%
37%	39	$5,515,000	$141,410	$3,846	4.65%
38%	34	$3,160,000	$92,941	$2,962	4.67%
45%	28	$4,610,000	$164,643	$5,109	4.60%
48%	26	$4,420,000	$170,000	$4,243	4.63%
47%	25	$3,095,000	$123,800	$3,063	4.62%
49%	22	$2,970,000	$135,000	$4,298	4.66%
46%	12	$1,840,000	$153,333	$4,636	4.60%
50-60%	7	$585,000	$83,571	$2,251	4.59%
>60%	1	$295,000	$295,000	$420	4.90%

The Lyons National Bank lent most frequently to those with DTI ratios of 30-36%, with 215 originations. The next most common DTI ratio? 20-30%, with 182 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	1,020	$139,880,000	$137,137	$3,659	4.68%
Not applicable	3	$2,185,000	$728,333	$0	5.82%
Black	15	$1,645,000	$109,667	$3,777	5.08%
Asian	5	$855,000	$171,000	$10,166	4.28%
Other Asian	1	$285,000	$285,000	$5,103	4.75%
American Indian	2	$150,000	$75,000	$3,307	4.75%
Korean	1	$125,000	$125,000	$2,934	4.00%

Approval Rates

Total approvals of all applications
88.34%

The Lyons National Bank has an average approval rate.

Pick Rate

Approvals leading to origination
88.35%

The Lyons National Bank has an average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
NA	1,047	$145,125,000	$138,610

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	1	$2,105,000	$2,105,000
Single Family (1-4 Units):Manufactured	29	$2,305,000	$79,483
Single Family (1-4 Units):Site-Built	1,017	$140,715,000	$138,363

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	121	$9,055,000	$74,835	$1,211	4.72%
40-60%	118	$13,300,000	$112,712	$2,060	4.54%
60-80%	302	$50,800,000	$168,212	$4,422	4.70%
80-100%	378	$67,250,000	$177,910	$4,331	4.68%
Over 100%	1	$75,000	$75,000	$3,525	3.88%
Under 20%	127	$4,645,000	$36,575	$563	4.75%

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	$44,345
The Lyons National Bank	2 Forgham Street Lyons, NY 14489	Full Service B&M	$36,367
The Lyons National Bank	2 N Main St Jordan, NY 13080	Full Service B&M	$35,630
The Lyons National Bank	205 Liberty Street Penn Yan, NY 14527	Full Service B&M	$131,284
The Lyons National Bank	2433 State Route 414 Waterloo, NY 13165	Full Service B&M	$56,513
The Lyons National Bank	311 Grant Ave Auburn, NY 13021	Full Service B&M	$16,664
The Lyons National Bank	3225 East Lake Rd. Suite 65 Canandaigua, NY 14424	Full Service B&M	$57,872
The Lyons National Bank	35 Williams Street Lyons, NY 14489	Full Service B&M	$124,797
The Lyons National Bank	359 Nys Route 31 Macedon, NY 14502	Full Service B&M	$54,658
The Lyons National Bank	399 Exchange Street Geneva, NY 14456	Full Service B&M	$118,842
The Lyons National Bank	4 Williams St Clyde, NY 14433	Full Service B&M	$44,534
The Lyons National Bank	5996 New Hartford Street Wolcott, NY 14590	Full Service B&M	$81,102
The Lyons National Bank	6280 Furnace Road, Suite 200 Ontario, NY 14519	Full Service B&M	$69,534
The Lyons National Bank	63 Genesee St Auburn, NY 13021	Full Service B&M	$19,672
The Lyons National Bank	750 W Miller Street Newark, NY 14513	Full Service B&M	$71,757

For 2018, The Lyons National Bank had 15 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$41,522
Net interest income	$35,980
Total noninterest income	$10,359
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$3,195
Trading account gains and fees	$0
Additional Noninterest Income	$7,164
Pre-tax net operating income	$13,483
Securities gains (or losses, -)	$-85
Income before extraordinary items	$10,453
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$10,453
Minority interest net income	$5
Net income	$10,448
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$10,520

The Lyons National Bank's gross interest income from loans was $41,522,000.
The Lyons National Bank's net interest income from loans was $35,980,000.
The Lyons National Bank's fee based income from loans was $3,195,000.
The Lyons National Bank's net income from loans was $10,448,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$5,542
Provision for credit losses	$2,133
Total noninterest expense	$30,723
Salaries and employee benefits	$16,466
Premises and equipment expense	$3,553
Additional noninterest expense	$10,704
Applicable income taxes	$2,945
Net charge-offs	$727
Cash dividends	$4,244

The Lyons National Bank's interest expense for loans was $5,542,000.
The Lyons National Bank's payroll and benefits expense were $16,466,000.
The Lyons National Bank's property, plant and equipment expenses $3,553,000.

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	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	$946,572
Deposits held in domestic offices	$946,572
Deposits by Individuals, partnerships, and corporations	$778,138
Deposits by U.S. Government	$1
Deposits by States and political subdivisions in the U.S.	$168,433
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	$357,566
Demand deposits	$249,154
Nontransaction accounts	$589,006
Money market deposit accounts (MMDAs)	$122,331
Other savings deposits (excluding MMDAs)	$241,981
Total time deposits	$224,694
Total time and savings deposits	$697,418
Noninterest-bearing deposits	$234,578
Interest-bearing deposits	$711,994
Retail deposits	$867,011
IRAs and Keogh plan accounts	$24,495
Brokered deposits	$11,107
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$1,081,698
Cash & Balances due from depository institutions	$36,259
Interest-bearing balances	$17,437
Total securities	$184,786
Federal funds sold & reverse repurchase	$0
Net loans and leases	$800,101
Loan and leases loss allowance	$10,035
Trading account assets	$0
Bank premises and fixed assets	$23,956
Other real estate owned	$0
Goodwill and other intangibles	$2,111
All other assets	$34,485

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$1,081,698
Total Liabilities	$997,232
Total deposits	$946,572
Interest-bearing deposits	$711,994
Deposits held in domestic offices	$946,572
% insured (estimated)	$78
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$42,000
Subordinated debt	$0
All other liabilities	$8,660

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$800,101
Loan and leases loss allowance	$10,035
Total loans and leases (domestic)	$810,136
All real estate loans	$629,345
Real estate loans in domestic offices	$629,345
Construction and development loans	$27,906
Residential 1-4 family construction	$12,618
Other construction, all land development and other land	$15,288
Loans secured by nonfarm nonresidential properties	$149,304
Nonfarm nonresidential secured by owner-occupied properties	$85,995
Commercial real estate & other non-farm, non-residential	$63,309
Multifamily residential real estate	$31,669
1-4 family residential loans	$353,322
Farmland loans	$67,144
Loans held in foreign offices	$0
Farm loans	$45,015
Commercial and industrial loans	$100,754
To non-U.S. addressees	$0
Loans to individuals	$31,168
Credit card loans	$2,090
Related Plans	$1,553
Consumer Auto Loans	$8,065
Other loans to individuals	$19,460
All other loans & leases	$4,218
Loans to foreign governments and official institutions	$0
Other loans	$3,477
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	$0
Non 1-4 family restructured loans & leases	$0
Total loans and leases (foreign)	$0

The Lyons National Bank had $800,101,000 of loans outstanding in 2018. $629,345,000 of loans were in real estate loans. $27,906,000 of loans were in development loans. $31,669,000 of loans were in multifamily mortgage loans. $353,322,000 of loans were in 1-4 family mortgage loans. $45,015,000 of loans were in farm loans. $2,090,000 of loans were in credit card loans. $8,065,000 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	551	$82,572	$149,858
Nonfarm, nonresidential loans - <$100k	237	$5,306	$22,388
Nonfarm, nonresidential loans - $100-250k	150	$17,450	$116,333
Nonfarm, nonresidential loans - $250k-1MM	164	$59,816	$364,732
Commercial & Industrial, US addressed loans - <$1MM	2,556	$83,235	$32,565
Commercial & Industrial, US addressed loans - <$100k	2,140	$27,408	$12,807
Commercial & Industrial, US addressed loans - $100-250k	257	$21,149	$82,292
Commercial & Industrial, US addressed loans - $250k-1MM	159	$34,678	$218,101
Farmland loans - <$1MM	337	$46,120	$136,855
Farmland loans - <$100k	119	$3,449	$28,983
Farmland loans - $100-250k	136	$18,701	$137,507
Farmland loans - $250k-1MM	82	$23,970	$292,317
Agriculture operations loans - <$1MM	1,267	$38,315	$30,241
Agriculture operations loans - <$100k	1,101	$16,690	$15,159
Agriculture operations loans - $100-250k	124	$11,972	$96,548
Agriculture operations loans - $250k-1MM	42	$9,653	$229,833