North Easton Savings Bank Mortgage Rates, Fees & Info
South Easton, MA
LEI: 54930048J00QUF04FP72
Tax ID: 04-1677530
5 stars
-
out of 5 stars, based on 26 reviews
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Mortgage Data
Bank Data
Overview
North Easton Savings Bank is a
smaller
bank
specializing in
Refi, Home Purchase, and Cash Out Refi loans.
North Easton Savings Bank has a high proportion of conventional loans.
Their top markets include Boston, Providence, Barnstable Town, Worcester, and Vineyard Haven among others. North Easton Savings Bank has
an above average
approval rate for mortages when compared nationally.
They have
a below average
pick rate when compared to the same sample of other lendors.
North Easton Savings Bank is typically
a low fee
lendor.
Originations
687
Origination Dollar Volume (All Markets)
$281,975,000
Employee count
185
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North Easton Savings Bank - 2021
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Relative Rate
North Easton Savings Bank's average 30 year fixed rate mortgage of loans were
3.07%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.08%.
Relative Fees
North Easton Savings Bank's average total fees for a 30 year fixed rate
mortgage are $3,157.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
|
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA)
|
439
|
$187,085,000 |
$426,162 |
$2,907 |
3.13% |
|
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA)
|
214
|
$80,650,000 |
$376,869 |
$2,623 |
2.97% |
|
BARNSTABLE TOWN, MA (FHA|USDA|VA)
|
24
|
$9,350,000 |
$389,583 |
$3,241 |
3.13% |
|
Outside of Metro Areas
|
1 |
$2,005,000 |
$2,005,000 |
$6,915 |
2.75% |
|
WORCESTER, MA-CT (FHA|USDA|VA)
|
3
|
$1,115,000 |
$371,667 |
$2,786 |
3.46% |
|
Vineyard Haven, MA (FHA|USDA|VA)
|
2
|
$690,000 |
$345,000 |
$3,362 |
2.88% |
|
SPRINGFIELD, MA (FHA|USDA|VA)
|
2
|
$570,000 |
$285,000 |
$3,130 |
3.63% |
|
PITTSFIELD, MA (FHA|USDA|VA)
|
1
|
$395,000 |
$395,000 |
$2,887 |
2.38% |
|
Lebanon, NH-VT (FHA|USDA|VA)
|
1
|
$115,000 |
$115,000 |
$2,813 |
2.50% |
North Easton Savings Bank's top markets include Boston, Providence, Barnstable Town, Worcester, and Vineyard Haven among others.
Product Mix
| Loan Type |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| Conventional |
687 |
$281,975,000 |
$410,444 |
$2,836 |
3.08% |
For the 2021 period, North Easton Savings Bank's most frequently
originated loan type
of loans were Conventional, with 687 originations.
Loan Reason
| Loan Reason |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| Refi |
234 |
$86,320,000 |
$368,889 |
$2,612 |
2.86% |
| Home Purchase |
214 |
$121,140,000 |
$566,075 |
$3,782 |
3.30% |
| Cash Out Refi |
213 |
$67,395,000 |
$316,408 |
$2,533 |
2.99% |
| Home Improvement |
14 |
$6,080,000 |
$434,286 |
$847 |
3.96% |
| Other |
12 |
$1,040,000 |
$86,667 |
$50 |
3.82% |
For the 2021, North Easton Savings Bank's most frequently cited loan
purpose
of loans were Refi, with 234
originations.
The 2nd most popular reason of loans were Home Purchase,
with 214 originations.
Loan Duration/Length
| Loan Length |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| 30 Year |
384 |
$154,020,000 |
$401,094 |
$3,157 |
3.07% |
| 15 Year |
125 |
$30,825,000 |
$246,600 |
$2,340 |
2.66% |
| 20 Year |
54 |
$13,770,000 |
$255,000 |
$1,959 |
3.10% |
| 10 Year |
53 |
$37,565,000 |
$708,774 |
$1,367 |
3.17% |
| 30+ year |
30 |
$21,550,000 |
$718,333 |
$4,120 |
3.04% |
| Other |
28 |
$20,090,000 |
$717,500 |
$2,609 |
3.85% |
| 1 Year |
11 |
$4,105,000 |
$373,182 |
$0 |
5.73% |
| 5 Year |
2 |
$50,000 |
$25,000 |
$0 |
3.31% |
For the 2021, North Easton Savings Bank's most frequently cited loan
length
of loans were 30 Year, with 384 originations.
The 2nd most popular length of loans were 15 Year,
with 125 originations.
Origination Fees
| Origination Fee |
Originations |
Total Value |
Average Loan |
| $<1k |
581 |
$206,295,000 |
$355,069 |
| $5k+ |
3 |
$2,665,000 |
$888,333 |
| $1k-2k |
2 |
$430,000 |
$215,000 |
| $2k-3k |
2 |
$750,000 |
$375,000 |
| $3k-4k |
1 |
$485,000 |
$485,000 |
$3,157 of loans were North Easton Savings Bank's
average total fees, while their most
frequently occuring range of origination fees were in the
$<1k bucket,
with 581 originations.
Interest Rates
| Loan Rate |
Originations |
Total Value |
Average Loan |
| 2.5-3% |
299 |
$120,315,000 |
$402,391 |
| 3-4% |
249 |
$107,585,000 |
$432,068 |
| <2.5% |
101 |
$32,425,000 |
$321,040 |
| 4-5% |
20 |
$13,660,000 |
$683,000 |
| 5-6% |
14 |
$6,150,000 |
$439,286 |
| 6-7% |
4 |
$1,840,000 |
$460,000 |
During 2021, North Easton Savings Bank's average interest
rate of loans were 3.07%, while their
most frequently originated rate bucket of loans were 2.5-3%,
with 299 originations.
Loan Sizing
| Loan Size |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| $200k-400k |
302 |
$88,550,000 |
$293,212 |
$2,686 |
3.10% |
| $400k-600k |
123 |
$58,945,000 |
$479,228 |
$3,203 |
3.07% |
| $100k-200k |
117 |
$17,675,000 |
$151,068 |
$2,231 |
2.85% |
| $600k-1MM |
79 |
$56,945,000 |
$720,823 |
$4,304 |
3.12% |
| $100,000 or less |
40 |
$2,140,000 |
$53,500 |
$777 |
3.33% |
| $1MM+ |
26 |
$57,720,000 |
$2,220,000 |
$5,983 |
3.38% |
2021 saw North Easton Savings Bank place emphasis on
$200k-400k loans
with 302 originations, totaling
$88,550,000 in origination value.
Applicant Income
| Applicant Income |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| $100k-150k |
167 |
$52,105,000 |
$312,006 |
$2,697 |
2.99% |
| $150k-250k |
141 |
$57,165,000 |
$405,426 |
$2,884 |
2.94% |
| $75k-100k |
120 |
$33,410,000 |
$278,417 |
$2,608 |
2.99% |
| $50k-75k |
93 |
$20,845,000 |
$224,140 |
$2,535 |
3.03% |
| $250k+ |
89 |
$56,975,000 |
$640,169 |
$3,981 |
2.92% |
| $50k or less |
22 |
$3,530,000 |
$160,455 |
$1,983 |
3.02% |
North Easton Savings Bank lent most frequently to those with incomes in the
$100k-150k range, with
167 originations.
The second most popular income band? $150k-250k,
with 141 originations.
Applicant Debt to Income Ratio
| DTI Ratio |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| 20-30% |
165 |
$57,725,000 |
$349,848 |
$2,836 |
2.88% |
| 30-36% |
119 |
$41,305,000 |
$347,101 |
$2,913 |
2.93% |
| <20% |
60 |
$18,360,000 |
$306,000 |
$2,492 |
2.74% |
| 43% |
33 |
$12,265,000 |
$371,667 |
$2,748 |
3.03% |
| 37% |
28 |
$11,250,000 |
$401,786 |
$2,839 |
3.23% |
| 42% |
25 |
$7,795,000 |
$311,800 |
$2,741 |
3.08% |
| 38% |
24 |
$9,030,000 |
$376,250 |
$3,079 |
3.05% |
| 36% |
24 |
$9,140,000 |
$380,833 |
$2,808 |
2.98% |
| 41% |
23 |
$8,155,000 |
$354,565 |
$2,503 |
3.08% |
| 40% |
23 |
$9,625,000 |
$418,478 |
$3,064 |
3.14% |
| 46% |
21 |
$9,325,000 |
$444,048 |
$3,750 |
3.07% |
| 39% |
20 |
$6,820,000 |
$341,000 |
$3,027 |
3.03% |
| 44% |
20 |
$6,840,000 |
$342,000 |
$2,819 |
3.00% |
| 45% |
16 |
$3,790,000 |
$236,875 |
$2,008 |
3.12% |
| 47% |
11 |
$4,135,000 |
$375,909 |
$2,752 |
2.92% |
| 48% |
7 |
$2,075,000 |
$296,429 |
$2,907 |
2.89% |
| 49% |
5 |
$2,385,000 |
$477,000 |
$3,572 |
3.23% |
| 50-60% |
4 |
$1,990,000 |
$497,500 |
$3,218 |
3.13% |
| >60% |
1 |
$795,000 |
$795,000 |
$5,250 |
3.00% |
North Easton Savings Bank lent most frequently to those with DTI ratios
of 20-30%, with
165 originations.
The next most common DTI ratio? 30-36%,
with 119 originations.
Ethnicity Mix
| Applicant Ethnicity |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| White |
429 |
$144,705,000 |
$337,308 |
$2,763 |
2.93% |
| Not applicable |
49 |
$56,325,000 |
$1,149,490 |
$0 |
4.42% |
| Not provided |
118 |
$41,770,000 |
$353,983 |
$2,726 |
2.97% |
| Asian |
64 |
$29,130,000 |
$455,156 |
$3,601 |
3.26% |
| Black |
23 |
$8,635,000 |
$375,435 |
$2,758 |
3.04% |
| American Indian |
2 |
$840,000 |
$420,000 |
$3,017 |
2.94% |
| Other Asian |
2 |
$570,000 |
$285,000 |
$2,518 |
3.00% |
Approval Rates
Total approvals of all applications
90.10%
North Easton Savings Bank has an average approval rate.
Pick Rate
Approvals leading to origination
86.63%
North Easton Savings Bank has an average pick rate.
Points and Fees
| Points |
Originations |
Total Value |
Average Loan |
| NA |
687 |
$281,975,000 |
$410,444 |
Occupancy Type Mix
| Dwelling Type |
Originations |
Total Value |
Average Loan |
|
687 |
$281,975,000 |
$410,444 |
LTV Distribution
| Loan to Value |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| 20-40% |
103 |
$20,015,000 |
$194,320 |
$2,348 |
2.83% |
| 40-60% |
189 |
$63,235,000 |
$334,577 |
$2,771 |
2.90% |
| 60-80% |
259 |
$145,635,000 |
$562,297 |
$3,252 |
3.16% |
| 80-100% |
84 |
$42,810,000 |
$509,643 |
$3,453 |
3.09% |
| Over 100% |
10 |
$7,090,000 |
$709,000 |
$0 |
5.20% |
| Under 20% |
42 |
$3,190,000 |
$75,952 |
$814 |
3.45% |
Complaints
| Bank Name |
Product |
Issue |
2021 CPFB Complaints |
% of Total Issues |
| NORTHWEST BANCSHARES INC |
Conventional home mortgage |
Struggling to pay mortgage |
1 |
11.1% |
| NORTHWEST BANCSHARES INC |
Conventional home mortgage |
Trouble during payment process |
5 |
55.6% |
| NORTHWEST BANCSHARES INC |
Home equity loan or line of credit (HELOC) |
Trouble during payment process |
1 |
11.1% |
| NORTHWEST BANCSHARES INC |
Other type of mortgage |
Applying for a mortgage or refinancing an existing mortgage |
1 |
11.1% |
| NORTHWEST BANCSHARES INC |
Other type of mortgage |
Struggling to pay mortgage |
1 |
11.1% |
Bank Details
Branches
| Bank Name |
Branch |
Branch Type |
Deposits (000's) |
| North Easton Savings Bank |
656 Crescent Street Brockton, MA 2302 |
Full Service B&M
|
$30,067 |
| North Easton Savings Bank |
172 Mansfield Avenue Norton, MA 2766 |
Full Service B&M
|
$61,108 |
| North Easton Savings Bank |
2 Pilgrim Hill Road Plymouth, MA 2360 |
Full Service B&M
|
$29,681 |
| North Easton Savings Bank |
20 Eastman St South Easton, MA 2375 |
Full Service B&M
|
$54,186 |
| North Easton Savings Bank |
20 Eastman Street South Easton, MA 2375 |
Full Service Cyber Office
|
$42,719 |
| North Easton Savings Bank |
25 West Main Street Norton, MA 2766 |
Full Service B&M
|
$109,522 |
| North Easton Savings Bank |
295 Main Street North Easton, MA 2356 |
Full Service B&M
|
$189,173 |
| North Easton Savings Bank |
336 Plymouth Street Halifax, MA 2338 |
Full Service B&M
|
$60,968 |
| North Easton Savings Bank |
342 Bedford Street Whitman, MA 2382 |
Full Service B&M
|
$41,946 |
| North Easton Savings Bank |
430 Liberty Street Hanson, MA 2341 |
Full Service B&M
|
$57,037 |
| North Easton Savings Bank |
448 W Grove Street Middleboro, MA 2346 |
Full Service B&M
|
$53,218 |
| North Easton Savings Bank |
547 Washington Street South Easton, MA 2375 |
Full Service B&M
|
$69,811 |
| North Easton Savings Bank |
570 Washington St Whitman, MA 2382 |
Full Service B&M
|
$71,169 |
| North Easton Savings Bank |
679 Depot Street South Easton, MA 2375 |
Full Service B&M
|
$91,354 |
| North Easton Savings Bank |
71 Copeland Drive Mansfield, MA 2048 |
Full Service B&M
|
$68,014 |
| North Easton Savings Bank |
74 Main Street Carver, MA 2330 |
Full Service B&M
|
$67,511 |
| North Easton Savings Bank |
777 Belmont Street Brockton, MA 2301 |
Full Service B&M
|
$77,131 |
For 2021, North Easton Savings Bank had 17 branches.
Yearly Performance Overview
Bank Income
North Easton Savings Bank's gross interest income from loans was $40,627,000.
North Easton Savings Bank's net interest income from loans was $37,032,000.
North Easton Savings Bank's fee based income from loans was $3,057,000.
North Easton Savings Bank's net income from loans was $8,205,000.
Bank Expenses
| Item |
Value (in 000's) |
| Total interest expense |
$3,595 |
| Provision for credit losses |
$1,629 |
| Total noninterest expense |
$36,470 |
| Salaries and employee benefits |
$18,071 |
| Premises and equipment expense |
$4,880 |
| Additional noninterest expense |
$13,519 |
| Applicable income taxes |
$1,760 |
| Net charge-offs |
$23 |
| Cash dividends |
$0 |
North Easton Savings Bank's interest expense for loans was $3,595,000.
North Easton Savings Bank's payroll and benefits expense were $18,071,000.
North Easton Savings Bank's property, plant and equipment expenses $4,880,000.
Deposits
| Type |
Value (in 000's) |
| Total deposits |
$1,246,503 |
| Deposits held in domestic offices |
$1,246,503 |
| Deposits by Individuals, partnerships, and corporations |
$1,219,738 |
| Deposits by U.S. Government |
$0 |
| Deposits by States and political subdivisions in the U.S. |
$17,937 |
| Deposits by Commercial banks and other depository institutions in U.S. |
$8,828 |
| Deposits by Banks in foreign countries |
$0 |
| Deposits by Foreign governments and official institutions |
$0 |
| Transaction accounts |
$496,875 |
| Demand deposits |
$327,292 |
| Nontransaction accounts |
$749,628 |
| Money market deposit accounts (MMDAs) |
$301,536 |
| Other savings deposits (excluding MMDAs) |
$296,048 |
| Total time deposits |
$152,043 |
| Total time and savings deposits |
$919,211 |
| Noninterest-bearing deposits |
$317,715 |
| Interest-bearing deposits |
$928,788 |
| Retail deposits |
$1,213,105 |
| IRAs and Keogh plan accounts |
$35,803 |
| Brokered deposits |
$0 |
| Deposits held in foreign offices |
$0 |
Assets
| Asset |
Value (in 000's) |
| Total Assets |
$1,397,507 |
| Cash & Balances due from depository institutions |
$56,170 |
| Interest-bearing balances |
$40,286 |
| Total securities |
$253,262 |
| Federal funds sold & reverse repurchase |
$0 |
| Net loans and leases |
$997,853 |
| Loan and leases loss allowance |
$6,479 |
| Trading account assets |
$2,241 |
| Bank premises and fixed assets |
$24,542 |
| Other real estate owned |
$0 |
| Goodwill and other intangibles |
$24,628 |
| All other assets |
$38,811 |
Liabilities
| Liabilities |
Value (in 000's) |
| Total liabilities and capital |
$1,397,507 |
| Total Liabilities |
$1,266,211 |
| Total deposits |
$1,246,503 |
| Interest-bearing deposits |
$928,788 |
| Deposits held in domestic offices |
$1,246,503 |
| % insured (estimated) |
$80 |
| Federal funds purchased and repurchase agreements |
$0 |
| Trading liabilities |
$2,241 |
| Other borrowed funds |
$115 |
| Subordinated debt |
$0 |
| All other liabilities |
$17,352 |
Issued Loan Types
| Type |
Value (in 000's) |
| Net loans and leases |
$997,853 |
| Loan and leases loss allowance |
$6,479 |
| Total loans and leases (domestic) |
$1,004,332 |
| All real estate loans |
$911,850 |
| Real estate loans in domestic offices |
$911,850 |
| Construction and development loans |
$61,205 |
| Residential 1-4 family construction |
$25,430 |
| Other construction, all land development and other land |
$35,775 |
| Loans secured by nonfarm nonresidential properties |
$173,760 |
| Nonfarm nonresidential secured by owner-occupied properties |
$53,712 |
| Commercial real estate & other non-farm, non-residential |
$120,048 |
| Multifamily residential real estate |
$52,847 |
| 1-4 family residential loans |
$624,038 |
| Farmland loans |
$0 |
| Loans held in foreign offices |
$0 |
| Farm loans |
$0 |
| Commercial and industrial loans |
$72,122 |
| To non-U.S. addressees |
$0 |
| Loans to individuals |
$20,360 |
| Credit card loans |
$0 |
| Related Plans |
$0 |
| Consumer Auto Loans |
$4,167 |
| Other loans to individuals |
$16,193 |
| 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 |
$3,117 |
| Non 1-4 family restructured loans & leases |
$116 |
| Total loans and leases (foreign) |
$0 |
North Easton Savings Bank had $997,853,000 of loans outstanding in 2021. $911,850,000 of loans were in real estate loans.
$61,205,000 of loans were in development loans. $52,847,000 of loans were in multifamily mortgage loans.
$624,038,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0
of loans were in credit card loans. $4,167,000 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 |
245 |
$73,542 |
$300,171 |
| Nonfarm, nonresidential loans - <$100k |
16 |
$667 |
$41,688 |
| Nonfarm, nonresidential loans - $100-250k |
77 |
$10,888 |
$141,403 |
| Nonfarm, nonresidential loans - $250k-1MM |
152 |
$61,987 |
$407,809 |
| Commercial & Industrial, US addressed loans - <$1MM |
465 |
$61,277 |
$131,778 |
| Commercial & Industrial, US addressed loans - <$100k |
224 |
$6,458 |
$28,830 |
| Commercial & Industrial, US addressed loans - $100-250k |
112 |
$14,251 |
$127,241 |
| Commercial & Industrial, US addressed loans - $250k-1MM |
129 |
$40,568 |
$314,481 |
