Tioga State Bank Mortgage Rates, Fees & Info

Spencer, NY

LEI: 5493002PHB6PE87OB729

Tax ID: 15-0620348

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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

    Tioga State Bank is a smaller bank specializing in Home Purchase loans. Tioga State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Binghamton, Ithaca, Elmira, Cortland, and Sayre among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Tioga State 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. Tioga State 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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    Originations

    288

    Origination Dollar Volume (All Markets)

    $39,520,000

    Employee count

    100

    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
    BINGHAMTON, NY (FHA|USDA|VA) 193 $23,245,000 $120,440 $2,149 5.29%
    ITHACA, NY (FHA|USDA|VA) 34 $6,890,000 $202,647 $2,201 5.15%
    Outside of Metro Areas 22 $2,890,000 $131,364 $2,962 5.20%
    ELMIRA, NY (FHA|USDA|VA) 17 $2,065,000 $121,471 $1,599 5.26%
    Cortland, NY (FHA|USDA|VA) 5 $1,855,000 $371,000 $3,297 4.95%
    Sayre, PA (FHA|USDA|VA) 7 $895,000 $127,857 $3,163 4.79%
    ROCHESTER, NY (FHA|USDA|VA) 2 $480,000 $240,000 $3,800 4.44%
    Seneca Falls, NY (FHA|USDA|VA) 2 $480,000 $240,000 $4,032 5.95%
    Auburn, NY (FHA|USDA|VA) 3 $435,000 $145,000 $4,193 4.87%
    Corning, NY (FHA|USDA|VA) 2 $150,000 $75,000 $2,792 4.69%
    BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 1 $135,000 $135,000 $2,225 4.48%
    Tioga State Bank's top markets include Binghamton, Ithaca, Elmira, Cortland, and Sayre among others.

    Their top states include:
  • New York (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)

    • Similar Lenders

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

    Alternatives Federal Credit Union
    Similarity Rank: 24
    VISIONS
    Similarity Rank: 150
    PARAGON HOME LOANS INC.
    Similarity Rank: 200
    SEFCU SERVICES, LLC
    Similarity Rank: 264
    Elmira Savings Bank
    Similarity Rank: 350
    Tioga State Bank
    Similarity Rank: 352
    Citizens & Northern Bank
    Similarity Rank: 414
    NBT Bank
    Similarity Rank: 594
    1ST PRIORITY MORTGAGE, INC.
    Similarity Rank: 725
    USAA Federal Savings Bank
    Similarity Rank: 2712

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 288 $39,520,000 $137,222 $2,306 5.23%

    For 2018, Tioga State Bank's most frequently originated type of loan was Conventional, with 288 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 195 $28,365,000 $145,462 $2,995 5.18%
    Refi 42 $7,850,000 $186,905 $1,706 5.30%
    Other 24 $990,000 $41,250 $321 5.49%
    Home Improvement 19 $1,425,000 $75,000 $538 5.65%
    Cash Out Refi 8 $890,000 $111,250 $2,363 4.44%

    For 2018, Tioga State Bank's most frequently cited loan purpose was Home Purchase, with 195 originations. The 2nd most popular reason was Refi, with 42 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 149 $19,705,000 $132,248 $3,067 4.99%
    20 Year 71 $13,765,000 $193,873 $1,462 5.52%
    15 Year 39 $2,675,000 $68,590 $656 5.54%
    10 Year 23 $1,325,000 $57,609 $364 5.39%
    5 Year 4 $120,000 $30,000 $0 5.38%
    Other 2 $1,930,000 $965,000 $2,108 5.11%

    For 2018, Tioga State Bank's most frequently cited loan duration was 30 Year, with 149 originations. The 2nd most popular length was 20 Year, with 71 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 155 $12,695,000 $81,903
    $1k-2k 35 $5,235,000 $149,571
    $2k-3k 10 $1,620,000 $162,000
    $3k-4k 10 $2,310,000 $231,000
    $4k-5k 5 $1,105,000 $221,000
    $5k+ 4 $1,100,000 $275,000

    Tioga State Bank's average total fees were $3,067, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 155 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 126 $18,490,000 $146,746
    4-5% 119 $16,525,000 $138,866
    6-7% 36 $3,780,000 $105,000
    3-4% 7 $725,000 $103,571

    During 2018, Tioga State Bank's average interest rate for loans was 4.99%, while their most frequently originated rate bucket for loans was 5-6%, with 126 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 149 $8,795,000 $59,027 $1,283 5.35%
    $100k-200k 91 $13,345,000 $146,648 $3,096 5.06%
    $200k-400k 36 $9,520,000 $264,444 $4,980 5.22%
    $400k-600k 8 $3,750,000 $468,750 $8,065 5.28%
    $600k-1MM 3 $2,245,000 $748,333 $0 5.00%
    $1MM+ 1 $1,865,000 $1,865,000 $0 5.35%

    2018 saw Tioga State Bank place emphasis on $100,000 or less loans with 149 originations, totaling $8,795,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 81 $8,095,000 $99,938 $2,083 5.05%
    $50k or less 65 $4,935,000 $75,923 $1,517 5.32%
    $75k-100k 38 $4,680,000 $123,158 $2,420 5.07%
    $100k-150k 35 $5,585,000 $159,571 $3,504 5.21%
    $150k-250k 15 $2,585,000 $172,333 $3,916 5.26%
    $250k+ 6 $1,010,000 $168,333 $2,208 5.63%

    Tioga State Bank lent most frequently to those with incomes in the $50k-75k range, with 81 originations. The second most popular income band? $50k or less, with 65 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 60 $5,930,000 $98,833 $1,984 5.11%
    30-36% 45 $4,775,000 $106,111 $2,155 5.19%
    <20% 26 $2,180,000 $83,846 $2,337 4.84%
    40% 19 $2,605,000 $137,105 $2,735 4.96%
    41% 15 $1,545,000 $103,000 $2,289 5.40%
    37% 12 $1,830,000 $152,500 $2,732 5.08%
    43% 11 $1,495,000 $135,909 $3,780 5.44%
    38% 9 $925,000 $102,778 $1,773 5.14%
    36% 8 $840,000 $105,000 $1,657 5.67%
    42% 7 $735,000 $105,000 $2,577 5.12%
    39% 7 $685,000 $97,857 $2,280 5.04%
    44% 5 $515,000 $103,000 $2,317 5.60%
    45% 3 $625,000 $208,333 $4,706 5.33%
    46% 1 $65,000 $65,000 $2,953 5.38%

    Tioga State Bank lent most frequently to those with DTI ratios of 20-30%, with 60 originations. The next most common DTI ratio? 30-36%, with 45 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 235 $25,945,000 $110,404 $2,247 5.17%
    Not applicable 46 $12,440,000 $270,435 $0 5.54%
    Not provided 3 $755,000 $251,667 $5,330 4.99%
    American Indian 1 $225,000 $225,000 $6,186 4.88%
    Black 3 $155,000 $51,667 $2,047 5.54%

    Approval Rates

    Total approvals of all applications
    88.04%

    Tioga State Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    87.50%

    Tioga State Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 288 $39,520,000 $137,222

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 2 $240,000 $120,000
    Multifamily:Site-Built 24 $9,610,000 $400,417
    Single Family (1-4 Units):Manufactured 56 $4,130,000 $73,750
    Single Family (1-4 Units):Site-Built 206 $25,540,000 $123,981

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 19 $905,000 $47,632 $505 5.57%
    40-60% 35 $4,335,000 $123,857 $2,086 5.26%
    60-80% 142 $22,920,000 $161,408 $2,687 5.25%
    80-100% 76 $10,690,000 $140,658 $2,792 5.03%
    Under 20% 15 $365,000 $24,333 $0 5.59%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Tioga State Bank 73 Main Street Candor, NY 13743 Full Service B&M $32,103
    Tioga State Bank 183 Main Street Newfield, NY 14867 Full Service B&M $38,481
    Tioga State Bank 191 Conklin Ave Binghamton, NY 13903 Full Service B&M $10,592
    Tioga State Bank 436 Cayuta Avenue Waverly, NY 14892 Full Service B&M $35,408
    Tioga State Bank 510 Hooper Road Endwell, NY 13760 Full Service B&M $27,989
    Tioga State Bank 6 Main Street Van Etten, NY 14889 Limited, Drive-thru $5,000
    Tioga State Bank 1 Main Street Spencer, NY 14883 Full Service B&M $76,755
    Tioga State Bank 1250 Vestal Pkwy East P.O. Box 1254 Vestal, NY 13850 Full Service B&M $39,766
    Tioga State Bank 1387 State Route 96 Owego, NY 13827 Limited, Drive-thru $2,128
    Tioga State Bank 1430 Upper Front Street Binghamton, NY 13901 Full Service B&M $52,987
    Tioga State Bank 923 State Route 17c Owego, NY 13827 Full Service B&M $64,164

    For 2018, Tioga State Bank had 11 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $20,313
    Net interest income $17,961
    Total noninterest income $3,485
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $890
    Trading account gains and fees $0
    Additional Noninterest Income $2,595
    Pre-tax net operating income $6,669
    Securities gains (or losses, -) $-93
    Income before extraordinary items $5,536
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,536
    Minority interest net income $0
    Net income $5,536
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $5,614

    Tioga State Bank's gross interest income from loans was $20,313,000.
    Tioga State Bank's net interest income from loans was $17,961,000.
    Tioga State Bank's fee based income from loans was $890,000.
    Tioga State Bank's net income from loans was $5,536,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,352
    Provision for credit losses $871
    Total noninterest expense $13,906
    Salaries and employee benefits $7,416
    Premises and equipment expense $1,757
    Additional noninterest expense $4,733
    Applicable income taxes $1,040
    Net charge-offs $726
    Cash dividends $4,500

    Tioga State Bank's interest expense for loans was $2,352,000.
    Tioga State Bank's payroll and benefits expense were $7,416,000.
    Tioga State Bank's property, plant and equipment expenses $1,757,000.

    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 $385,351
    Deposits held in domestic offices $385,351
    Deposits by Individuals, partnerships, and corporations $319,579
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $65,772
    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 $31,270
    Demand deposits $31,270
    Nontransaction accounts $354,081
    Money market deposit accounts (MMDAs) $54,093
    Other savings deposits (excluding MMDAs) $212,459
    Total time deposits $87,529
    Total time and savings deposits $354,081
    Noninterest-bearing deposits $103,750
    Interest-bearing deposits $281,601
    Retail deposits $350,053
    IRAs and Keogh plan accounts $11,765
    Brokered deposits $6,748
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $483,741
    Cash & Balances due from depository institutions $7,016
    Interest-bearing balances $1,245
    Total securities $130,642
    Federal funds sold & reverse repurchase $0
    Net loans and leases $316,487
    Loan and leases loss allowance $4,644
    Trading account assets $2,612
    Bank premises and fixed assets $3,494
    Other real estate owned $101
    Goodwill and other intangibles $0
    All other assets $23,389

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $483,741
    Total Liabilities $431,861
    Total deposits $385,351
    Interest-bearing deposits $281,601
    Deposits held in domestic offices $385,351
    % insured (estimated) $79
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $41,863
    Subordinated debt $0
    All other liabilities $4,647

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $316,487
    Loan and leases loss allowance $4,644
    Total loans and leases (domestic) $321,131
    All real estate loans $261,077
    Real estate loans in domestic offices $261,077
    Construction and development loans $17,734
    Residential 1-4 family construction $5,821
    Other construction, all land development and other land $11,913
    Loans secured by nonfarm nonresidential properties $66,814
    Nonfarm nonresidential secured by owner-occupied properties $34,334
    Commercial real estate & other non-farm, non-residential $32,480
    Multifamily residential real estate $42,600
    1-4 family residential loans $131,722
    Farmland loans $2,207
    Loans held in foreign offices $0
    Farm loans $558
    Commercial and industrial loans $47,950
    To non-U.S. addressees $0
    Loans to individuals $9,284
    Credit card loans $0
    Related Plans $312
    Consumer Auto Loans $2,166
    Other loans to individuals $6,806
    All other loans & leases $2,262
    Loans to foreign governments and official institutions $0
    Other loans $1,262
    Loans to depository institutions and acceptances of other banks $1,000
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $586
    Non 1-4 family restructured loans & leases $361
    Total loans and leases (foreign) $0

    Tioga State Bank had $316,487,000 of loans outstanding in 2018. $261,077,000 of loans were in real estate loans. $17,734,000 of loans were in development loans. $42,600,000 of loans were in multifamily mortgage loans. $131,722,000 of loans were in 1-4 family mortgage loans. $558,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,166,000 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 202 $34,943 $172,985
    Nonfarm, nonresidential loans - <$100k 53 $2,336 $44,075
    Nonfarm, nonresidential loans - $100-250k 74 $8,007 $108,203
    Nonfarm, nonresidential loans - $250k-1MM 75 $24,600 $328,000
    Commercial & Industrial, US addressed loans - <$1MM 535 $36,177 $67,621
    Commercial & Industrial, US addressed loans - <$100k 376 $9,343 $24,848
    Commercial & Industrial, US addressed loans - $100-250k 94 $7,817 $83,160
    Commercial & Industrial, US addressed loans - $250k-1MM 65 $19,017 $292,569
    Farmland loans - <$1MM 10 $1,213 $121,300
    Farmland loans - <$100k 2 $116 $58,000
    Farmland loans - $100-250k 6 $638 $106,333
    Farmland loans - $250k-1MM 2 $459 $229,500
    Agriculture operations loans - <$1MM 13 $557 $42,846
    Agriculture operations loans - <$100k 9 $254 $28,222
    Agriculture operations loans - $100-250k 4 $303 $75,750