Winter Hill Bank Fsb Mortgage Rates, Fees & Info

Somerville, MA

LEI: 254900YEG6LSF1BFA422

Tax ID: 04-1980523

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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

    Winter Hill Bank Fsb is a smaller bank specializing in Cash Out Refi and Home Purchase loans. Winter Hill Bank Fsb has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Barnstable Town, Worcester, and Providence among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Winter Hill Bank Fsb has an above average approval rate when compared to the average across all lenders. They have a below 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

    138

    Origination Dollar Volume (All Markets)

    $61,020,000

    Employee count

    58

    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
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 133 $58,905,000 $442,895 $0 0.00%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 3 $1,465,000 $488,333 $0 0.00%
    WORCESTER, MA-CT (FHA|USDA|VA) 1 $475,000 $475,000 $0 0.00%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
    Winter Hill Bank Fsb's top markets include Boston, Barnstable Town, Worcester, and Providence among others.

    Their top states include:
  • Massachusetts (FHA|USDA|VA)
  • (FHA|USDA|VA)
  • New Hampshire (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 138 $61,020,000 $442,174 $0 0.00%

    For 2019, Winter Hill Bank Fsb's most frequently originated type of loan was Conventional, with 138 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 50 $25,000,000 $500,000 $0 0.00%
    Home Purchase 49 $22,945,000 $468,265 $0 0.00%
    Refi 28 $11,200,000 $400,000 $0 0.00%
    Other 6 $1,140,000 $190,000 $0 0.00%
    Home Improvement 5 $735,000 $147,000 $0 0.00%

    For 2019, Winter Hill Bank Fsb's most frequently cited loan purpose was Cash Out Refi, with 50 originations. The 2nd most popular reason was Home Purchase, with 49 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 138 $61,020,000 $442,174 $0 0.00%

    For 2019, Winter Hill Bank Fsb's most frequently cited loan duration was Other, with 138 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 45 $13,955,000 $310,111 $0 0.00%
    $400k-600k 44 $20,960,000 $476,364 $0 0.00%
    $600k-1MM 19 $13,265,000 $698,158 $0 0.00%
    $100k-200k 17 $2,385,000 $140,294 $0 0.00%
    $1MM+ 7 $10,105,000 $1,443,571 $0 0.00%
    $100,000 or less 6 $350,000 $58,333 $0 0.00%

    2019 saw Winter Hill Bank Fsb place emphasis on $200k-400k loans with 45 originations, totaling $13,955,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 44 $20,240,000 $460,000 $0 0.00%
    $100k-150k 42 $14,840,000 $353,333 $0 0.00%
    $75k-100k 14 $4,560,000 $325,714 $0 0.00%
    $250k+ 10 $4,190,000 $419,000 $0 0.00%
    $50k or less 6 $1,110,000 $185,000 $0 0.00%
    $50k-75k 5 $1,785,000 $357,000 $0 0.00%

    Winter Hill Bank Fsb lent most frequently to those with incomes in the $150k-250k range, with 44 originations. The second most popular income band? $100k-150k, with 42 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 138 $61,020,000 $442,174 $0 0.00%

    Winter Hill Bank Fsb lent most frequently to those with DTI ratios of Exempt%, with 138 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 105 $42,465,000 $404,429 $0 0.00%
    Not applicable 16 $12,230,000 $764,375 $0 0.00%
    Not provided 5 $2,155,000 $431,000 $0 0.00%
    Asian 6 $2,110,000 $351,667 $0 0.00%
    Black 5 $1,875,000 $375,000 $0 0.00%
    1 $185,000 $185,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.05%

    Winter Hill Bank Fsb has an average approval rate.

    Pick Rate

    Approvals leading to origination
    87.68%

    Winter Hill Bank Fsb has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 138 $61,020,000 $442,174

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 7 $6,645,000 $949,286
    Single Family (1-4 Units):Site-Built 131 $54,375,000 $415,076

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Winter Hill Bank, FSB 271 Main Street North Reading, MA 1864 Full Service B&M $59,453
    Winter Hill Bank, FSB 342 Broadway Somerville, MA 2145 Full Service B&M $176,984
    Winter Hill Bank, FSB 5 Cutter Avenue Somerville, MA 2144 Full Service B&M $48,590

    For 2019, Winter Hill Bank Fsb had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $14,932
    Net interest income $10,848
    Total noninterest income $985
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $480
    Trading account gains and fees $0
    Additional Noninterest Income $505
    Pre-tax net operating income $1,443
    Securities gains (or losses, -) $-3
    Income before extraordinary items $1,360
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,360
    Minority interest net income $0
    Net income $1,360
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,362

    Winter Hill Bank Fsb's gross interest income from loans was $14,932,000.
    Winter Hill Bank Fsb's net interest income from loans was $10,848,000.
    Winter Hill Bank Fsb's fee based income from loans was $480,000.
    Winter Hill Bank Fsb's net income from loans was $1,360,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,084
    Provision for credit losses $0
    Total noninterest expense $10,390
    Salaries and employee benefits $6,843
    Premises and equipment expense $1,331
    Additional noninterest expense $2,216
    Applicable income taxes $80
    Net charge-offs $2
    Cash dividends $0

    Winter Hill Bank Fsb's interest expense for loans was $4,084,000.
    Winter Hill Bank Fsb's payroll and benefits expense were $6,843,000.
    Winter Hill Bank Fsb's property, plant and equipment expenses $1,331,000.

    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 $283,393
    Deposits held in domestic offices $283,393
    Deposits by Individuals, partnerships, and corporations $269,796
    Deposits by U.S. Government $2
    Deposits by States and political subdivisions in the U.S. $13,595
    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 $74,121
    Demand deposits $19,602
    Nontransaction accounts $209,272
    Money market deposit accounts (MMDAs) $40,360
    Other savings deposits (excluding MMDAs) $47,011
    Total time deposits $121,901
    Total time and savings deposits $263,791
    Noninterest-bearing deposits $18,026
    Interest-bearing deposits $265,367
    Retail deposits $243,123
    IRAs and Keogh plan accounts $11,879
    Brokered deposits $29,552
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $368,768
    Cash & Balances due from depository institutions $16,321
    Interest-bearing balances $11,343
    Total securities $33,316
    Federal funds sold & reverse repurchase $0
    Net loans and leases $309,174
    Loan and leases loss allowance $3,097
    Trading account assets $0
    Bank premises and fixed assets $4,004
    Other real estate owned $0
    Goodwill and other intangibles $312
    All other assets $5,641

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $368,768
    Total Liabilities $333,819
    Total deposits $283,393
    Interest-bearing deposits $265,367
    Deposits held in domestic offices $283,393
    % insured (estimated) $90
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $48,000
    Subordinated debt $0
    All other liabilities $2,426

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $309,174
    Loan and leases loss allowance $3,097
    Total loans and leases (domestic) $312,271
    All real estate loans $311,175
    Real estate loans in domestic offices $311,175
    Construction and development loans $36,968
    Residential 1-4 family construction $35,375
    Other construction, all land development and other land $1,593
    Loans secured by nonfarm nonresidential properties $26,689
    Nonfarm nonresidential secured by owner-occupied properties $9,849
    Commercial real estate & other non-farm, non-residential $16,840
    Multifamily residential real estate $57,744
    1-4 family residential loans $189,774
    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 $1,096
    Credit card loans $0
    Related Plans $5
    Consumer Auto Loans $0
    Other loans to individuals $1,091
    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 $762
    Non 1-4 family restructured loans & leases $762
    Total loans and leases (foreign) $0

    Winter Hill Bank FSB had $309,174,000 of loans outstanding in 2019. $311,175,000 of loans were in real estate loans. $36,968,000 of loans were in development loans. $57,744,000 of loans were in multifamily mortgage loans. $189,774,000 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 20 $6,954 $347,700
    Nonfarm, nonresidential loans - <$100k 5 $460 $92,000
    Nonfarm, nonresidential loans - $100-250k 4 $743 $185,750
    Nonfarm, nonresidential loans - $250k-1MM 11 $5,751 $522,818