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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • 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

    Pathfinder Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Pathfinder Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Syracuse, Utica, Watertown, Port St. Lucie, and Miami among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Pathfinder Bank 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. 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.89% 11/22/24
    30 Year Conventional Refi 5.87% 11/22/24
    30 Year Cash-out Refi 6.96% 11/22/24
    15 Year Conventional Purchase 6.71% 11/22/24
    15 Year Conventional Refi 6.05% 11/22/24
    15 Year Cash-out Refi 6.05% 11/22/24
    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






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    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

    428

    Origination Dollar Volume (All Markets)

    $94,660,000

    Employee count

    161

    Awards

    Pathfinder Bank 30 Year Conventional Loans gold Pathfinder Bank 30 Year Conventional Loans bronze
    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) 382 $79,240,000 $207,435 $3,094 3.40%
    UTICA-ROME, NY (FHA|USDA|VA) 13 $3,605,000 $277,308 $4,220 3.47%
    WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) 3 $2,135,000 $711,667 $3,736 3.73%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $1,535,000 $1,535,000 $10,471 3.13%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $1,400,000 $700,000 $5,891 2.98%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 4 $1,300,000 $325,000 $2,490 3.13%
    Auburn, NY (FHA|USDA|VA) 6 $1,040,000 $173,333 $3,602 3.10%
    ROCHESTER, NY (FHA|USDA|VA) 6 $1,000,000 $166,667 $2,887 3.17%
    Malone, NY (FHA|USDA|VA) 5 $945,000 $189,000 $2,644 2.78%
    Outside of Metro Areas 2 $840,000 $420,000 $4,189 3.13%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $745,000 $745,000 $6,427 3.13%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $345,000 $345,000 $2,567 2.88%
    BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 1 $295,000 $295,000 $2,884 2.63%
    ELMIRA, NY (FHA|USDA|VA) 1 $235,000 $235,000 $3,183 3.25%
    Pathfinder Bank's top markets include Syracuse, Utica, Watertown, Port St. Lucie, and Miami among others.

    Their top states include:
  • New York (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • South Carolina (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: 57
    COUNTRYSIDE Federal Credit Union
    Similarity Rank: 192
    Geddes Federal Savings and Loan Association
    Similarity Rank: 192
    THE SUMMIT Federal Credit Union
    Similarity Rank: 304
    Tompkins Trust Company
    Similarity Rank: 308
    VISIONS
    Similarity Rank: 364
    CCFCU FUNDING, LLC
    Similarity Rank: 504
    Pathfinder Bank
    Similarity Rank: 616
    SEFCU SERVICES, LLC
    Similarity Rank: 888
    COMMONFUND MORTGAGE CORP.
    Similarity Rank: 924

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 427 $94,575,000 $221,487 $3,168 3.38%
    USDA 1 $85,000 $85,000 $3,568 3.00%

    For 2021, Pathfinder Bank's most frequently originated type of loan was Conventional, with 427 originations. Their 2nd most popular type was USDA, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 227 $54,375,000 $239,537 $4,253 3.45%
    Cash Out Refi 131 $19,705,000 $150,420 $2,308 3.35%
    Refi 53 $10,855,000 $204,811 $1,459 2.90%
    Home Improvement 12 $9,310,000 $775,833 $212 4.66%
    Other 5 $415,000 $83,000 $2,513 3.28%

    For 2021, Pathfinder Bank's most frequently cited loan purpose was Home Purchase, with 227 originations. The 2nd most popular reason was Cash Out Refi, with 131 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 130 $25,080,000 $192,923 $2,878 3.35%
    20 Year 90 $16,040,000 $178,222 $2,518 3.74%
    15 Year 81 $10,555,000 $130,309 $1,945 3.15%
    30+ year 64 $27,140,000 $424,063 $6,636 3.30%
    Other 33 $13,805,000 $418,333 $3,848 3.26%
    10 Year 24 $1,850,000 $77,083 $1,373 3.21%
    5 Year 6 $190,000 $31,667 $172 4.33%

    For 2021, Pathfinder Bank's most frequently cited loan duration was 30 Year, with 130 originations. The 2nd most popular length was 20 Year, with 90 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 292 $48,820,000 $167,192
    $3k-4k 60 $24,590,000 $409,833
    $1k-2k 18 $2,000,000 $111,111
    $2k-3k 14 $2,470,000 $176,429
    $5k+ 3 $1,725,000 $575,000

    Pathfinder Bank's average total fees were $2,878, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 292 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 214 $50,050,000 $233,879
    2.5-3% 72 $16,130,000 $224,028
    <2.5% 66 $10,730,000 $162,576
    4-5% 55 $12,375,000 $225,000
    5-6% 19 $5,235,000 $275,526
    6-7% 2 $140,000 $70,000

    During 2021, Pathfinder Bank's average interest rate for loans was 3.35%, while their most frequently originated rate bucket for loans was 3-4%, with 214 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 148 $21,130,000 $142,770 $2,744 3.25%
    $100,000 or less 134 $8,190,000 $61,119 $2,006 3.73%
    $200k-400k 102 $29,310,000 $287,353 $3,877 3.11%
    $400k-600k 21 $9,655,000 $459,762 $5,833 3.25%
    $600k-1MM 15 $10,335,000 $689,000 $6,083 3.42%
    $1MM+ 8 $16,040,000 $2,005,000 $10,527 3.82%

    2021 saw Pathfinder Bank place emphasis on $100k-200k loans with 148 originations, totaling $21,130,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 97 $19,185,000 $197,784 $3,271 3.29%
    $150k-250k 78 $20,890,000 $267,821 $3,772 3.24%
    $50k-75k 68 $7,830,000 $115,147 $2,593 3.24%
    $50k or less 63 $6,555,000 $104,048 $2,318 3.61%
    $75k-100k 57 $8,675,000 $152,193 $2,852 3.34%
    $250k+ 32 $16,500,000 $515,625 $4,937 3.03%

    Pathfinder Bank lent most frequently to those with incomes in the $100k-150k range, with 97 originations. The second most popular income band? $150k-250k, with 78 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 113 $21,705,000 $192,080 $3,180 3.40%
    30-36% 81 $16,685,000 $205,988 $3,395 3.21%
    <20% 54 $11,230,000 $207,963 $2,943 3.17%
    39% 17 $3,315,000 $195,000 $3,687 3.33%
    37% 15 $2,825,000 $188,333 $2,929 3.57%
    38% 15 $2,855,000 $190,333 $3,206 3.36%
    42% 13 $1,725,000 $132,692 $2,426 3.33%
    36% 13 $1,905,000 $146,538 $1,990 3.29%
    40% 11 $2,055,000 $186,818 $1,847 3.08%
    43% 11 $1,685,000 $153,182 $3,690 3.24%
    45% 10 $2,780,000 $278,000 $3,789 3.39%
    46% 9 $1,295,000 $143,889 $3,289 3.34%
    >60% 8 $2,250,000 $281,250 $3,330 3.76%
    41% 8 $3,380,000 $422,500 $4,783 3.34%
    44% 7 $1,315,000 $187,857 $3,122 3.09%
    49% 6 $1,490,000 $248,333 $2,618 3.08%
    47% 3 $735,000 $245,000 $4,010 3.04%
    48% 3 $875,000 $291,667 $3,741 3.19%
    50-60% 3 $395,000 $131,667 $3,028 4.07%

    Pathfinder Bank lent most frequently to those with DTI ratios of 20-30%, with 113 originations. The next most common DTI ratio? 30-36%, with 81 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 375 $75,805,000 $202,147 $3,174 3.28%
    Not applicable 23 $13,345,000 $580,217 $0 4.78%
    Black 14 $2,590,000 $185,000 $3,741 3.60%
    Not provided 11 $1,635,000 $148,636 $2,692 3.64%
    Asian 5 $1,285,000 $257,000 $2,231 3.70%

    Approval Rates

    Total approvals of all applications
    94.02%

    Pathfinder Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    90.65%

    Pathfinder Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 428 $94,660,000 $221,168

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    428 $94,660,000 $221,168

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 20 $1,940,000 $97,000 $793 4.16%
    40-60% 43 $7,775,000 $180,814 $3,228 3.17%
    60-80% 168 $41,320,000 $245,952 $2,975 3.36%
    80-100% 151 $35,485,000 $235,000 $3,702 3.26%
    Over 100% 3 $785,000 $261,667 $1,781 4.83%
    Under 20% 13 $315,000 $24,231 $205 4.76%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Pathfinder Bank 109 West Fayette Street Syracuse, NY 13202 Full Service B&M $83,887
    Pathfinder Bank 1897 Harwood Drive Lacona, NY 13083 Full Service B&M $67,162
    Pathfinder Bank 214 West First Street Oswego, NY 13126 Full Service B&M $328,963
    Pathfinder Bank 291 State Route 104 East Oswego, NY 13126 Full Service B&M $66,189
    Pathfinder Bank 3025 East Avenue Central Square, NY 13036 Full Service B&M $109,062
    Pathfinder Bank 3361 Main Street Mexico, NY 13114 Full Service B&M $109,685
    Pathfinder Bank 34 East Bridge Street Oswego, NY 13126 Limited, Drive-thru $17,959
    Pathfinder Bank 3775 Route 31 Liverpool, NY 13090 Full Service B&M $65,461
    Pathfinder Bank 5 West 1st Street South Fulton, NY 13069 Full Service B&M $84,619
    Pathfinder Bank 6194 State Route 31 Cicero, NY 13039 Full Service B&M $114,052

    For 2021, Pathfinder Bank had 10 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $46,014
    Net interest income $40,271
    Total noninterest income $5,359
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,491
    Trading account gains and fees $0
    Additional Noninterest Income $3,868
    Pre-tax net operating income $17,944
    Securities gains (or losses, -) $424
    Income before extraordinary items $14,341
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $14,341
    Minority interest net income $103
    Net income $14,238
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $14,006

    Pathfinder Bank's gross interest income from loans was $46,014,000.
    Pathfinder Bank's net interest income from loans was $40,271,000.
    Pathfinder Bank's fee based income from loans was $1,491,000.
    Pathfinder Bank's net income from loans was $14,238,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $5,743
    Provision for credit losses $1,022
    Total noninterest expense $26,664
    Salaries and employee benefits $14,531
    Premises and equipment expense $3,577
    Additional noninterest expense $8,556
    Applicable income taxes $4,027
    Net charge-offs $864
    Cash dividends $0

    Pathfinder Bank's interest expense for loans was $5,743,000.
    Pathfinder Bank's payroll and benefits expense were $14,531,000.
    Pathfinder Bank's property, plant and equipment expenses $3,577,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 1.0%
    Nonfarm, nonresidential loans 2.0%
    Multifamily residential loans 1.0%
    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 $1,070,076
    Deposits held in domestic offices $1,070,076
    Deposits by Individuals, partnerships, and corporations $859,397
    Deposits by U.S. Government $3
    Deposits by States and political subdivisions in the U.S. $179,612
    Deposits by Commercial banks and other depository institutions in U.S. $31,064
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $353,517
    Demand deposits $205,482
    Nontransaction accounts $716,559
    Money market deposit accounts (MMDAs) $256,963
    Other savings deposits (excluding MMDAs) $138,129
    Total time deposits $321,467
    Total time and savings deposits $864,594
    Noninterest-bearing deposits $205,482
    Interest-bearing deposits $864,593
    Retail deposits $844,821
    IRAs and Keogh plan accounts $19,529
    Brokered deposits $157,805
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,281,614
    Cash & Balances due from depository institutions $37,144
    Interest-bearing balances $23,293
    Total securities $351,301
    Federal funds sold & reverse repurchase $0
    Net loans and leases $819,534
    Loan and leases loss allowance $12,935
    Trading account assets $0
    Bank premises and fixed assets $20,219
    Other real estate owned $0
    Goodwill and other intangibles $5,031
    All other assets $48,385

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,281,614
    Total Liabilities $1,159,373
    Total deposits $1,070,076
    Interest-bearing deposits $864,593
    Deposits held in domestic offices $1,070,076
    % insured (estimated) $70
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $80,134
    Subordinated debt $0
    All other liabilities $9,163

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $819,534
    Loan and leases loss allowance $12,935
    Total loans and leases (domestic) $832,469
    All real estate loans $563,734
    Real estate loans in domestic offices $563,734
    Construction and development loans $32,589
    Residential 1-4 family construction $6,329
    Other construction, all land development and other land $26,260
    Loans secured by nonfarm nonresidential properties $202,241
    Nonfarm nonresidential secured by owner-occupied properties $77,708
    Commercial real estate & other non-farm, non-residential $124,533
    Multifamily residential real estate $52,545
    1-4 family residential loans $276,270
    Farmland loans $89
    Loans held in foreign offices $0
    Farm loans $72
    Commercial and industrial loans $152,199
    To non-U.S. addressees $0
    Loans to individuals $108,889
    Credit card loans $0
    Related Plans $368
    Consumer Auto Loans $11,087
    Other loans to individuals $97,434
    All other loans & leases $7,575
    Loans to foreign governments and official institutions $0
    Other loans $1,409
    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 $3,739
    Non 1-4 family restructured loans & leases $2,141
    Total loans and leases (foreign) $0

    Pathfinder Bank had $819,534,000 of loans outstanding in 2021. $563,734,000 of loans were in real estate loans. $32,589,000 of loans were in development loans. $52,545,000 of loans were in multifamily mortgage loans. $276,270,000 of loans were in 1-4 family mortgage loans. $72,000 of loans were in farm loans. $0 of loans were in credit card loans. $11,087,000 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 372 $68,746 $184,801
    Nonfarm, nonresidential loans - <$100k 122 $6,555 $53,730
    Nonfarm, nonresidential loans - $100-250k 127 $15,756 $124,063
    Nonfarm, nonresidential loans - $250k-1MM 123 $46,435 $377,520
    Commercial & Industrial, US addressed loans - <$1MM 1,119 $97,384 $87,028
    Commercial & Industrial, US addressed loans - <$100k 710 $17,387 $24,489
    Commercial & Industrial, US addressed loans - $100-250k 206 $21,562 $104,670
    Commercial & Industrial, US addressed loans - $250k-1MM 203 $58,435 $287,857
    Farmland loans - <$1MM 1 $89 $89,000
    Farmland loans - <$100k 1 $89 $89,000
    Agriculture operations loans - <$1MM 4 $71 $17,750
    Agriculture operations loans - <$100k 4 $71 $17,750