Winter Hill Bank Fsb Mortgage Rates, Fees & Info

Somerville, MA

LEI: 254900YEG6LSF1BFA422

Tax ID: 04-1980523

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

Jump to:

Mortgage Data

Bank Data

Review & Overview

Winter Hill Bank Fsb is a smaller bank specializing in Refi and Cash Out Refi loans. Winter Hill Bank Fsb has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Barnstable Town, Worcester, Laconia, and Manchester among others. We have data for 5 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.

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.


Originations

214

Origination Dollar Volume (All Markets)

$82,830,000

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) 205 $80,105,000 $390,756 $0 0.00%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 3 $1,245,000 $415,000 $0 0.00%
WORCESTER, MA-CT (FHA|USDA|VA) 3 $535,000 $178,333 $0 0.00%
Laconia, NH (FHA|USDA|VA) 2 $490,000 $245,000 $0 0.00%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 1 $455,000 $455,000 $0 0.00%
Winter Hill Bank Fsb's top markets include Boston, Barnstable Town, Worcester, Laconia, and Manchester among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 214 $82,830,000 $387,056 $0 0.00%

    For 2020, Winter Hill Bank Fsb's most frequently originated type of loan was Conventional, with 214 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 106 $37,770,000 $356,321 $0 0.00%
    Cash Out Refi 68 $26,440,000 $388,824 $0 0.00%
    Home Purchase 34 $15,980,000 $470,000 $0 0.00%
    Home Improvement 4 $1,910,000 $477,500 $0 0.00%
    Other 2 $730,000 $365,000 $0 0.00%

    For 2020, Winter Hill Bank Fsb's most frequently cited loan purpose was Refi, with 106 originations. The 2nd most popular reason was Cash Out Refi, with 68 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 214 $82,830,000 $387,056 $0 0.00%

    For 2020, Winter Hill Bank Fsb's most frequently cited loan duration was Other, with 214 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 113 $33,835,000 $299,425 $0 0.00%
    $400k-600k 60 $28,880,000 $481,333 $0 0.00%
    $600k-1MM 17 $11,605,000 $682,647 $0 0.00%
    $100k-200k 16 $2,420,000 $151,250 $0 0.00%
    $1MM+ 5 $5,835,000 $1,167,000 $0 0.00%
    $100,000 or less 3 $255,000 $85,000 $0 0.00%

    2020 saw Winter Hill Bank Fsb place emphasis on $200k-400k loans with 113 originations, totaling $33,835,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 74 $29,480,000 $398,378 $0 0.00%
    $100k-150k 53 $18,125,000 $341,981 $0 0.00%
    $75k-100k 24 $7,440,000 $310,000 $0 0.00%
    $250k+ 22 $11,770,000 $535,000 $0 0.00%
    $50k-75k 19 $5,605,000 $295,000 $0 0.00%
    $50k or less 6 $1,320,000 $220,000 $0 0.00%

    Winter Hill Bank Fsb lent most frequently to those with incomes in the $150k-250k range, with 74 originations. The second most popular income band? $100k-150k, with 53 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 214 $82,830,000 $387,056 $0 0.00%

    Winter Hill Bank Fsb lent most frequently to those with DTI ratios of Exempt%, with 214 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 182 $68,470,000 $376,209 $0 0.00%
    Not applicable 15 $8,215,000 $547,667 $0 0.00%
    Asian 9 $3,755,000 $417,222 $0 0.00%
    Black 6 $1,850,000 $308,333 $0 0.00%
    Not provided 2 $540,000 $270,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.72%

    Winter Hill Bank Fsb has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.92%

    Winter Hill Bank Fsb has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 214 $82,830,000 $387,056

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 6 $3,850,000 $641,667
    Single Family (1-4 Units):Site-Built 208 $78,980,000 $379,712

    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 $62,599
    Winter Hill Bank, FSB 342 Broadway Somerville, MA 2145 Full Service B&M $180,918
    Winter Hill Bank, FSB 5 Cutter Avenue Somerville, MA 2144 Full Service B&M $49,796

    For 2020, Winter Hill Bank Fsb had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $13,495
    Net interest income $10,592
    Total noninterest income $2,102
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $345
    Trading account gains and fees $0
    Additional Noninterest Income $1,757
    Pre-tax net operating income $1,798
    Securities gains (or losses, -) $6
    Income before extraordinary items $1,423
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,423
    Minority interest net income $0
    Net income $1,423
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,418

    Winter Hill Bank Fsb's gross interest income from loans was $13,495,000.
    Winter Hill Bank Fsb's net interest income from loans was $10,592,000.
    Winter Hill Bank Fsb's fee based income from loans was $345,000.
    Winter Hill Bank Fsb's net income from loans was $1,423,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,903
    Provision for credit losses $50
    Total noninterest expense $10,846
    Salaries and employee benefits $7,267
    Premises and equipment expense $1,392
    Additional noninterest expense $2,187
    Applicable income taxes $381
    Net charge-offs $1
    Cash dividends $0

    Winter Hill Bank Fsb's interest expense for loans was $2,903,000.
    Winter Hill Bank Fsb's payroll and benefits expense were $7,267,000.
    Winter Hill Bank Fsb's property, plant and equipment expenses $1,392,000.

    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 $284,149
    Deposits held in domestic offices $284,149
    Deposits by Individuals, partnerships, and corporations $270,504
    Deposits by U.S. Government $2
    Deposits by States and political subdivisions in the U.S. $13,643
    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 $90,490
    Demand deposits $25,801
    Nontransaction accounts $193,659
    Money market deposit accounts (MMDAs) $44,905
    Other savings deposits (excluding MMDAs) $48,553
    Total time deposits $100,201
    Total time and savings deposits $258,348
    Noninterest-bearing deposits $24,291
    Interest-bearing deposits $259,858
    Retail deposits $254,027
    IRAs and Keogh plan accounts $11,385
    Brokered deposits $18,772
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $344,965
    Cash & Balances due from depository institutions $22,324
    Interest-bearing balances $18,106
    Total securities $42,295
    Federal funds sold & reverse repurchase $0
    Net loans and leases $271,189
    Loan and leases loss allowance $3,146
    Trading account assets $0
    Bank premises and fixed assets $4,101
    Other real estate owned $0
    Goodwill and other intangibles $513
    All other assets $4,543

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $344,965
    Total Liabilities $308,591
    Total deposits $284,149
    Interest-bearing deposits $259,858
    Deposits held in domestic offices $284,149
    % insured (estimated) $89
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $22,000
    Subordinated debt $0
    All other liabilities $2,442

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $271,189
    Loan and leases loss allowance $3,146
    Total loans and leases (domestic) $274,335
    All real estate loans $271,105
    Real estate loans in domestic offices $271,105
    Construction and development loans $27,856
    Residential 1-4 family construction $27,394
    Other construction, all land development and other land $462
    Loans secured by nonfarm nonresidential properties $28,638
    Nonfarm nonresidential secured by owner-occupied properties $8,564
    Commercial real estate & other non-farm, non-residential $20,074
    Multifamily residential real estate $56,711
    1-4 family residential loans $157,900
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $1,614
    To non-U.S. addressees $0
    Loans to individuals $1,616
    Credit card loans $0
    Related Plans $12
    Consumer Auto Loans $0
    Other loans to individuals $1,604
    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 $363
    Non 1-4 family restructured loans & leases $363
    Total loans and leases (foreign) $0

    Winter Hill Bank FSB had $271,189,000 of loans outstanding in 2020. $271,105,000 of loans were in real estate loans. $27,856,000 of loans were in development loans. $56,711,000 of loans were in multifamily mortgage loans. $157,900,000 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 17 $5,964 $350,824
    Nonfarm, nonresidential loans - <$100k 2 $160 $80,000
    Nonfarm, nonresidential loans - $100-250k 6 $943 $157,167
    Nonfarm, nonresidential loans - $250k-1MM 9 $4,861 $540,111
    Commercial & Industrial, US addressed loans - <$1MM 32 $1,614 $50,438
    Commercial & Industrial, US addressed loans - <$100k 27 $743 $27,519
    Commercial & Industrial, US addressed loans - $100-250k 4 $606 $151,500
    Commercial & Industrial, US addressed loans - $250k-1MM 1 $265 $265,000