Pathfinder Bank Mortgage Rates, Fees & Info

Oswego, NY

LEI: 254900WBNJ2MGXXXDY75

Tax ID: 15-0408130

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

Review & Overview

Pathfinder Bank is a smaller bank specializing in Home Purchase and Home Improvement loans. Pathfinder Bank has a high proportion of conventional loans. Their top markets by origination volume include: Syracuse, Auburn, Utica, Watertown, and Glens Falls among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)

Pathfinder 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. Pathfinder Bank is typically a low 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
30 Year Conventional Purchase	6.89%	4/21/24
30 Year Conventional Refi	5.87%	4/21/24
30 Year Cash-out Refi	6.96%	4/21/24
15 Year Conventional Purchase	6.71%	4/21/24
15 Year Conventional Refi	6.05%	4/21/24
15 Year Cash-out Refi	6.05%	4/21/24
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.

Pathfinder Bank Mortgage Calculator

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This is not an official calculator from Pathfinder 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

275

Origination Dollar Volume (All Markets)

$61,865,000

Employee count

154

Awards

Pathfinder Bank 30 Year Conventional Loans gold

Pathfinder Bank 30 Year Conventional Loans silver

Show all (2) 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
SYRACUSE, NY (FHA\|USDA\|VA)	252	$57,960,000	$230,000	$2,513	4.72%
Auburn, NY (FHA\|USDA\|VA)	6	$1,100,000	$183,333	$3,136	4.55%
Outside of Metro Areas	3	$1,085,000	$361,667	$2,783	4.46%
UTICA-ROME, NY (FHA\|USDA\|VA)	6	$810,000	$135,000	$3,029	4.71%
WATERTOWN-FORT DRUM, NY (FHA\|USDA\|VA)	3	$235,000	$78,333	$964	4.71%
GLENS FALLS, NY (FHA\|USDA\|VA)	1	$225,000	$225,000	$2,765	3.38%
Cortland, NY (FHA\|USDA\|VA)	1	$185,000	$185,000	$7,642	4.50%
Corning, NY (FHA\|USDA\|VA)	1	$135,000	$135,000	$2,332	4.63%
Oneonta, NY (FHA\|USDA\|VA)	1	$85,000	$85,000	$0	5.50%
New York-Newark-Jersey City, NY-NJ-PA (FHA\|USDA\|VA)	1	$45,000	$45,000	$184	5.13%

Pathfinder Bank's top markets include Syracuse, Auburn, Utica, Watertown, and Glens Falls among others.

Their top states include:

New York (FHA|USDA|VA)

New Jersey (FHA|USDA|VA)

Similar Lenders

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

SECNY Federal Credit Union
Similarity Rank: 32

Geddes Federal Savings and Loan Association
Similarity Rank: 108

CCFCU FUNDING, LLC
Similarity Rank: 270

THE SUMMIT Federal Credit Union
Similarity Rank: 377

Pathfinder Bank
Similarity Rank: 380

COMMONFUND MORTGAGE CORP.
Similarity Rank: 657

VISIONS
Similarity Rank: 675

AMERICU Credit Union
Similarity Rank: 828

Empower Federal Credit Union
Similarity Rank: 840

SEFCU SERVICES, LLC
Similarity Rank: 858

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	275	$61,865,000	$224,964	$2,533	4.71%

For 2019, Pathfinder Bank's most frequently originated type of loan was Conventional, with 275 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	170	$34,840,000	$204,941	$3,230	4.49%
Cash Out Refi	62	$5,790,000	$93,387	$1,495	4.79%
Refi	30	$3,380,000	$112,667	$1,090	5.43%
Home Improvement	13	$17,855,000	$1,373,462	$371	5.56%

For 2019, Pathfinder Bank's most frequently cited loan purpose was Home Purchase, with 170 originations. The 2nd most popular reason was Cash Out Refi, with 62 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
30 Year	101	$14,765,000	$146,188	$2,360	4.45%
Other	47	$23,725,000	$504,787	$1,705	5.09%
20 Year	46	$5,750,000	$125,000	$2,221	5.02%
30+ year	34	$13,630,000	$400,882	$5,895	4.39%
15 Year	31	$2,685,000	$86,613	$1,453	4.59%
10 Year	11	$1,175,000	$106,818	$852	5.55%
5 Year	5	$135,000	$27,000	$165	4.50%

For 2019, Pathfinder Bank's most frequently cited loan duration was 30 Year, with 101 originations. The 2nd most popular length was Other, with 47 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$<1k	196	$22,730,000	$115,969
$3k-4k	29	$10,305,000	$355,345
$2k-3k	9	$1,545,000	$171,667
$1k-2k	6	$760,000	$126,667

Pathfinder Bank's average total fees were $2,360, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 196 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
4-5%	120	$19,650,000	$163,750
3-4%	67	$17,685,000	$263,955
5-6%	64	$17,750,000	$277,344
6-7%	21	$6,385,000	$304,048
7-8%	3	$395,000	$131,667

During 2019, Pathfinder Bank's average interest rate for loans was 4.45%, while their most frequently originated rate bucket for loans was 4-5%, with 120 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	125	$7,255,000	$58,040	$1,507	4.90%
$100k-200k	76	$10,800,000	$142,105	$2,647	4.53%
$200k-400k	58	$15,560,000	$268,276	$4,043	4.51%
$400k-600k	6	$2,810,000	$468,333	$5,653	4.43%
$1MM+	5	$22,095,000	$4,419,000	$0	5.66%
$600k-1MM	5	$3,345,000	$669,000	$5,932	4.38%

2019 saw Pathfinder Bank place emphasis on $100,000 or less loans with 125 originations, totaling $7,255,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k-75k	56	$5,730,000	$102,321	$2,297	4.58%
$50k or less	52	$3,690,000	$70,962	$1,786	4.70%
$100k-150k	47	$7,465,000	$158,830	$2,669	4.76%
$75k-100k	43	$5,525,000	$128,488	$2,526	4.52%
$150k-250k	32	$8,310,000	$259,688	$3,300	4.46%
$250k+	20	$5,510,000	$275,500	$3,645	4.50%

Pathfinder Bank lent most frequently to those with incomes in the $50k-75k range, with 56 originations. The second most popular income band? $50k or less, with 52 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-30%	58	$6,710,000	$115,690	$2,130	4.56%
30-36%	50	$9,020,000	$180,400	$2,777	4.59%
<20%	41	$5,615,000	$136,951	$2,219	4.84%
36%	10	$1,160,000	$116,000	$2,369	4.69%
37%	10	$1,270,000	$127,000	$2,181	4.43%
44%	9	$1,465,000	$162,778	$2,940	4.67%
39%	8	$1,220,000	$152,500	$2,625	4.42%
>60%	7	$695,000	$99,286	$1,691	5.02%
42%	7	$1,415,000	$202,143	$4,395	4.61%
43%	5	$975,000	$195,000	$3,921	4.28%
49%	5	$865,000	$173,000	$3,649	4.18%
46%	5	$555,000	$111,000	$2,315	5.03%
40%	5	$525,000	$105,000	$2,135	4.13%
50-60%	4	$520,000	$130,000	$2,679	4.06%
38%	4	$450,000	$112,500	$2,129	4.34%
48%	4	$480,000	$120,000	$2,920	4.81%
41%	2	$220,000	$110,000	$3,330	3.44%
45%	2	$410,000	$205,000	$2,318	5.31%
47%	2	$330,000	$165,000	$2,175	4.44%

Pathfinder Bank lent most frequently to those with DTI ratios of 20-30%, with 58 originations. The next most common DTI ratio? 30-36%, with 50 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	220	$30,150,000	$137,045	$2,391	4.61%
Not applicable	22	$25,440,000	$1,156,364	$3,394	5.84%
Not provided	20	$4,930,000	$246,500	$4,347	4.66%
Black	8	$820,000	$102,500	$1,884	4.48%
Asian	4	$450,000	$112,500	$2,423	4.94%
Other Pacific Islander	1	$75,000	$75,000	$2,709	4.50%

Approval Rates

Total approvals of all applications
84.92%

Pathfinder Bank has a below average approval rate.

Pick Rate

Approvals leading to origination
89.45%

Pathfinder Bank has an average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
250.0	1	$275,000	$275,000
NA	274	$61,590,000	$224,781

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	10	$23,470,000	$2,347,000
Single Family (1-4 Units):Manufactured	6	$560,000	$93,333
Single Family (1-4 Units):Site-Built	259	$37,835,000	$146,081

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	22	$4,960,000	$225,455	$440	5.19%
40-60%	25	$9,945,000	$397,800	$1,692	4.73%
60-80%	79	$12,995,000	$164,494	$3,013	4.56%
80-100%	119	$24,285,000	$204,076	$3,152	4.54%
Over 100%	4	$7,830,000	$1,957,500	$0	6.19%
Under 20%	18	$450,000	$25,000	$256	5.65%

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
Pathfinder Bank	109 West Fayette Street Syracuse, NY 13202	Full Service B&M	$58,569
Pathfinder Bank	1897 Harwood Drive Lacona, NY 13083	Full Service B&M	$54,552
Pathfinder Bank	214 West First Street Oswego, NY 13126	Full Service B&M	$256,436
Pathfinder Bank	291 State Route 104 East Oswego, NY 13126	Full Service B&M	$60,323
Pathfinder Bank	3025 East Avenue Central Square, NY 13036	Full Service B&M	$86,848
Pathfinder Bank	3361 Main Street Mexico, NY 13114	Full Service B&M	$95,998
Pathfinder Bank	34 East Bridge Street Oswego, NY 13126	Limited, Drive-thru	$15,605
Pathfinder Bank	3775 Route 31 Liverpool, NY 13090	Full Service B&M	$32,225
Pathfinder Bank	5 West 1st Street South Fulton, NY 13069	Full Service B&M	$69,134
Pathfinder Bank	6194 State Route 31 Cicero, NY 13039	Full Service B&M	$101,450

For 2019, Pathfinder Bank had 10 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$41,898
Net interest income	$29,231
Total noninterest income	$4,007
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$1,417
Trading account gains and fees	$0
Additional Noninterest Income	$2,590
Pre-tax net operating income	$6,155
Securities gains (or losses, -)	$329
Income before extraordinary items	$5,085
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$5,085
Minority interest net income	$10
Net income	$5,075
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$4,825

Pathfinder Bank's gross interest income from loans was $41,898,000.
Pathfinder Bank's net interest income from loans was $29,231,000.
Pathfinder Bank's fee based income from loans was $1,417,000.
Pathfinder Bank's net income from loans was $5,075,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$12,667
Provision for credit losses	$1,966
Total noninterest expense	$25,117
Salaries and employee benefits	$13,949
Premises and equipment expense	$3,266
Additional noninterest expense	$7,902
Applicable income taxes	$1,399
Net charge-offs	$603
Cash dividends	$0

Pathfinder Bank's interest expense for loans was $12,667,000.
Pathfinder Bank's payroll and benefits expense were $13,949,000.
Pathfinder Bank's property, plant and equipment expenses $3,266,000.

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	1.0%
Multifamily residential loans	2.0%
1-4 family residential loans	0.0%
HELOC loans	1.0%
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	$898,403
Deposits held in domestic offices	$898,403
Deposits by Individuals, partnerships, and corporations	$699,152
Deposits by U.S. Government	$5
Deposits by States and political subdivisions in the U.S.	$167,223
Deposits by Commercial banks and other depository institutions in U.S.	$32,023
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$202,978
Demand deposits	$122,005
Nontransaction accounts	$695,425
Money market deposit accounts (MMDAs)	$185,356
Other savings deposits (excluding MMDAs)	$88,113
Total time deposits	$421,957
Total time and savings deposits	$776,398
Noninterest-bearing deposits	$122,005
Interest-bearing deposits	$776,398
Retail deposits	$571,034
IRAs and Keogh plan accounts	$22,658
Brokered deposits	$207,919
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$1,090,000
Cash & Balances due from depository institutions	$20,155
Interest-bearing balances	$11,876
Total securities	$233,907
Federal funds sold & reverse repurchase	$0
Net loans and leases	$772,792
Loan and leases loss allowance	$8,669
Trading account assets	$0
Bank premises and fixed assets	$22,308
Other real estate owned	$88
Goodwill and other intangibles	$4,704
All other assets	$36,046

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$1,090,000
Total Liabilities	$1,001,628
Total deposits	$898,403
Interest-bearing deposits	$776,398
Deposits held in domestic offices	$898,403
% insured (estimated)	$79
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$96,353
Subordinated debt	$0
All other liabilities	$6,872

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$772,792
Loan and leases loss allowance	$8,669
Total loans and leases (domestic)	$781,461
All real estate loans	$538,354
Real estate loans in domestic offices	$538,354
Construction and development loans	$51,889
Residential 1-4 family construction	$3,963
Other construction, all land development and other land	$47,926
Loans secured by nonfarm nonresidential properties	$180,022
Nonfarm nonresidential secured by owner-occupied properties	$114,074
Commercial real estate & other non-farm, non-residential	$65,948
Multifamily residential real estate	$14,853
1-4 family residential loans	$291,139
Farmland loans	$451
Loans held in foreign offices	$0
Farm loans	$845
Commercial and industrial loans	$152,674
To non-U.S. addressees	$0
Loans to individuals	$81,292
Credit card loans	$0
Related Plans	$373
Consumer Auto Loans	$31,213
Other loans to individuals	$49,706
All other loans & leases	$8,296
Loans to foreign governments and official institutions	$0
Other loans	$1,310
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	$2,008
Non 1-4 family restructured loans & leases	$1,250
Total loans and leases (foreign)	$0

Pathfinder Bank had $772,792,000 of loans outstanding in 2019. $538,354,000 of loans were in real estate loans. $51,889,000 of loans were in development loans. $14,853,000 of loans were in multifamily mortgage loans. $291,139,000 of loans were in 1-4 family mortgage loans. $845,000 of loans were in farm loans. $0 of loans were in credit card loans. $31,213,000 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	382	$74,935	$196,165
Nonfarm, nonresidential loans - <$100k	119	$5,868	$49,311
Nonfarm, nonresidential loans - $100-250k	131	$17,083	$130,405
Nonfarm, nonresidential loans - $250k-1MM	132	$51,984	$393,818
Commercial & Industrial, US addressed loans - <$1MM	851	$88,858	$104,416
Commercial & Industrial, US addressed loans - <$100k	512	$16,035	$31,318
Commercial & Industrial, US addressed loans - $100-250k	185	$21,525	$116,351
Commercial & Industrial, US addressed loans - $250k-1MM	154	$51,298	$333,104
Farmland loans - <$1MM	2	$449	$224,500
Farmland loans - <$100k	1	$75	$75,000
Farmland loans - $250k-1MM	1	$374	$374,000
Agriculture operations loans - <$1MM	6	$845	$140,833
Agriculture operations loans - <$100k	4	$94	$23,500
Agriculture operations loans - $250k-1MM	2	$751	$375,500