Provident Bank Mortgage Rates, Fees & Info

Jersey City, NJ

LEI: 5493004NH61PL6YYNH25

Tax ID: 22-1211130

5 stars - out of 5 stars, based on 32 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Provident Bank is a smaller bank specializing in Refi and Home Purchase loans. Provident Bank has a high proportion of conventional loans. Their top markets include New York, Philadelphia, Poughkeepsie, Allentown, and Columbus among others. Provident Bank has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Provident Bank is typically an average fee lendor.


Originations

1,011

Origination Dollar Volume (All Markets)

$475,775,000

Employee count

1,143

Awards

Provident Bank 30 Year Conventional Loans bronze Provident Bank 30 Year Conventional Loans silver Provident Bank 30 Year Conventional Loans gold
Show all (3) awards

Relative Rate

Provident Bank's average 30 year fixed rate mortgage of loans were 2.86%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.29%.

Relative Fees

Provident Bank's average total fees for a 30 year fixed rate mortgage are $4,447.

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
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 912 $349,630,000 $383,366 $3,248 3.13%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 54 $89,850,000 $1,663,889 $4,024 3.35%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 3 $13,485,000 $4,495,000 $6,943 3.12%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 16 $4,620,000 $288,750 $3,365 3.22%
COLUMBUS, OH (FHA|USDA|VA) 1 $4,055,000 $4,055,000 $0 3.70%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 3 $3,595,000 $1,198,333 $0 3.29%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 11 $2,955,000 $268,636 $1,296 3.34%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $2,735,000 $2,735,000 $0 3.40%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $2,405,000 $2,405,000 $0 3.25%
OCEAN CITY, NJ (FHA|USDA|VA) 2 $740,000 $370,000 $4,639 3.25%
EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $355,000 $355,000 $0 3.95%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1 $335,000 $335,000 $0 3.95%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $305,000 $305,000 $4,891 2.88%
KINGSTON, NY (FHA|USDA|VA) 1 $265,000 $265,000 $5,162 3.50%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $245,000 $245,000 $0 3.88%
Outside of Metro Areas 2 $200,000 $100,000 $2,035 3.19%

Provident Bank's top markets include New York, Philadelphia, Poughkeepsie, Allentown, and Columbus among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 1,011 $475,775,000 $470,598 $3,258 3.15%

For the 2021 period, Provident Bank's most frequently originated loan type of loans were Conventional, with 1,011 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 555 $275,705,000 $496,766 $2,319 3.20%
Cash Out Refi 236 $86,110,000 $364,873 $4,776 2.84%
Home Purchase 166 $107,480,000 $647,470 $5,283 3.27%
Other 38 $4,790,000 $126,053 $133 3.66%
Home Improvement 16 $1,690,000 $105,625 $0 3.63%

For the 2021, Provident Bank's most frequently cited loan purpose of loans were Refi, with 555 originations. The 2nd most popular reason of loans were Cash Out Refi, with 236 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
Other 427 $266,895,000 $625,047 $4,918 3.08%
30 Year 187 $56,665,000 $303,021 $4,447 2.86%
10 Year 142 $75,630,000 $532,606 $114 3.47%
15 Year 111 $21,875,000 $197,072 $1,653 3.13%
20 Year 89 $16,795,000 $188,708 $968 3.49%
5 Year 54 $34,010,000 $629,815 $0 3.40%
1 Year 1 $3,905,000 $3,905,000 $0 3.75%

For the 2021, Provident Bank's most frequently cited loan length of loans were Other, with 427 originations. The 2nd most popular length of loans were 30 Year, with 187 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 645 $168,165,000 $260,721
$1k-2k 143 $50,725,000 $354,720
$2k-3k 13 $7,225,000 $555,769
$3k-4k 8 $6,720,000 $840,000
$5k+ 7 $2,685,000 $383,571

$4,447 of loans were Provident Bank's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 645 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 550 $328,450,000 $597,182
2.5-3% 322 $114,010,000 $354,068
<2.5% 110 $28,800,000 $261,818
4-5% 25 $4,285,000 $171,400
5-6% 4 $230,000 $57,500

During 2021, Provident Bank's average interest rate of loans were 2.86%, while their most frequently originated rate bucket of loans were 3-4%, with 550 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 352 $100,230,000 $284,744 $3,929 3.02%
$100k-200k 220 $33,280,000 $151,273 $2,419 3.07%
$400k-600k 166 $79,600,000 $479,518 $4,916 3.11%
$100,000 or less 149 $8,615,000 $57,819 $172 3.49%
$600k-1MM 70 $51,550,000 $736,429 $5,866 3.28%
$1MM+ 54 $202,500,000 $3,750,000 $8,050 3.38%

2021 saw Provident Bank place emphasis on $200k-400k loans with 352 originations, totaling $100,230,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$150k-250k 222 $76,230,000 $343,378 $3,997 3.03%
$100k-150k 204 $48,000,000 $235,294 $2,889 3.12%
$75k-100k 143 $28,665,000 $200,455 $2,571 3.09%
$250k+ 129 $70,515,000 $546,628 $4,898 2.98%
$50k-75k 102 $15,150,000 $148,529 $2,518 3.08%
$50k or less 51 $5,755,000 $112,843 $1,521 3.16%

Provident Bank lent most frequently to those with incomes in the $150k-250k range, with 222 originations. The second most popular income band? $100k-150k, with 204 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 235 $60,225,000 $256,277 $3,149 3.02%
30-36% 191 $58,035,000 $303,848 $3,330 3.06%
<20% 92 $31,490,000 $342,283 $3,697 2.98%
44% 40 $7,970,000 $199,250 $2,038 3.30%
41% 35 $10,335,000 $295,286 $3,014 3.02%
43% 34 $9,410,000 $276,765 $2,927 3.22%
39% 34 $8,650,000 $254,412 $3,194 3.13%
40% 34 $9,770,000 $287,353 $3,642 3.17%
38% 33 $9,945,000 $301,364 $3,715 3.00%
36% 33 $9,685,000 $293,485 $3,744 2.93%
37% 21 $4,985,000 $237,381 $3,203 3.23%
42% 19 $5,785,000 $304,474 $3,471 3.15%
45% 18 $6,360,000 $353,333 $3,778 3.06%
47% 12 $4,410,000 $367,500 $2,764 3.15%
50-60% 9 $2,115,000 $235,000 $1,224 3.24%
49% 6 $2,000,000 $333,333 $2,560 3.19%
46% 4 $1,670,000 $417,500 $4,157 3.03%
48% 3 $645,000 $215,000 $3,599 3.38%
>60% 2 $1,590,000 $795,000 $7,422 2.94%

Provident Bank lent most frequently to those with DTI ratios of 20-30%, with 235 originations. The next most common DTI ratio? 30-36%, with 191 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
Not applicable 142 $224,170,000 $1,578,662 $0 3.65%
White 686 $196,860,000 $286,968 $3,287 3.10%
Asian 88 $29,630,000 $336,705 $3,750 2.86%
Not provided 64 $18,420,000 $287,813 $2,740 3.06%
Black 23 $4,255,000 $185,000 $1,885 3.19%
Asian Indian 2 $1,160,000 $580,000 $0 3.63%
American Indian 5 $1,125,000 $225,000 $3,248 3.00%
Native Hawaiian 1 $155,000 $155,000 $3,315 2.38%

Approval Rates

Total approvals of all applications
83.88%

Provident Bank has a below average approval rate.

Pick Rate

Approvals leading to origination
77.71%

Provident Bank has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 1,011 $475,775,000 $470,598

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
1,011 $475,775,000 $470,598

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 177 $37,555,000 $212,175 $2,217 3.09%
40-60% 257 $96,365,000 $374,961 $3,482 3.02%
60-80% 396 $282,340,000 $712,980 $4,566 3.17%
80-100% 60 $28,610,000 $476,833 $5,197 3.04%
Over 100% 4 $22,370,000 $5,592,500 $0 3.58%
Under 20% 115 $7,775,000 $67,609 $229 3.53%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
PROVIDENT FUNDING ASSOCIATES Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 6 46.2%
PROVIDENT FUNDING ASSOCIATES Conventional home mortgage Closing on a mortgage 1 7.7%
PROVIDENT FUNDING ASSOCIATES Conventional home mortgage Trouble during payment process 6 46.2%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Provident Bank 1 Plaza Drive Toms River, NJ 8757 Full Service B&M $100,585
Provident Bank 100 Bloomfield Avenue Bloomfield, NJ 7003 Full Service B&M $111,309
Provident Bank 100 Route 206 Augusta, NJ 7822 Full Service B&M $42,550
Provident Bank 100 Stelton Road Piscataway, NJ 8854 Full Service B&M $134,248
Provident Bank 100 Wood Avenue South Iselin, NJ 8830 Full Service B&M $219,011
Provident Bank 100 Wood Avenue South Iselin, NJ 8830 Full Service B&M $1,011,389
Provident Bank 1000 Avenue At Port Imperial Weehawken, NJ 7086 Full Service B&M $45,908
Provident Bank 1000 Woodbridge Center Drive Woodbridge, NJ 7095 Full Service B&M $114,970
Provident Bank 105 Chambers Bridge Road Brick, NJ 8723 Full Service B&M $104,264
Provident Bank 11 Broad Street Bloomfield, NJ 7003 Full Service B&M $164,403
Provident Bank 1139 Raritan Avenue Clark, NJ 7066 Full Service B&M $103,305
Provident Bank 115-119 Ferry Street Newark, NJ 7105 Full Service B&M $29,468
Provident Bank 1185 Sussex Turnpike Randolph, NJ 7869 Full Service B&M $127,690
Provident Bank 222 Halsey Street Newark, NJ 7102 Full Service B&M $22,658
Provident Bank 225 Prospect Plains Road Monroe Township, NJ 8831 Full Service B&M $110,096
Provident Bank 239 Washington St Jersey City, NJ 7302 Full Service B&M $148,536
Provident Bank 24 North Park Place Morristown, NJ 7960 Full Service B&M $72,404
Provident Bank 249 Kearny Ave Kearny, NJ 7032 Full Service B&M $71,180
Provident Bank 250 Madison Avenue Morristown, NJ 7960 Full Service B&M $186,601
Provident Bank 266 Clove Road Montague, NJ 7827 Full Service B&M $58,454
Provident Bank 2750 Route 27 North North Brunswick, NJ 8902 Full Service B&M $104,195
Provident Bank 278 Route 23 Sussex, NJ 7461 Full Service B&M $91,050
Provident Bank 28 West Main Street Somerville, NJ 8876 Full Service B&M $57,675
Provident Bank 28-21 Astoria Blvd. Astoria, NY 11102 Full Service B&M $108,107
Provident Bank 350 Communipaw Avenue Jersey City, NJ 7304 Full Service B&M $62,691
Provident Bank 3514 Route 9 South Freehold, NJ 7728 Full Service B&M $75,920
Provident Bank 3670 Kennedy Boulevard Jersey City, NJ 7307 Full Service B&M $118,519
Provident Bank 371 Spotswood Englishtown Road Monroe Township, NJ 8831 Full Service B&M $42,977
Provident Bank 3720 Bergenline Avenue Union City, NJ 7087 Full Service B&M $63,550
Provident Bank 381 Speedwell Avenue Morris Plains, NJ 7950 Full Service B&M $137,465
Provident Bank 3889 Route 516 Old Bridge, NJ 8857 Full Service B&M $128,915
Provident Bank 399 Route 23 Franklin, NJ 7416 Full Service B&M $127,457
Provident Bank 40 Main Ave Ocean Grove, NJ 7756 Full Service B&M $43,915
Provident Bank 401 Smith Road Parsippany, NJ 7054 Full Service B&M $161,346
Provident Bank 41 Broadway Denville, NJ 7834 Full Service B&M $172,810
Provident Bank 425 Route 206 Hillsborough, NJ 8844 Full Service B&M $148,008
Provident Bank 4285 W. Tilghman Street Allentown, PA 18104 Full Service B&M $34,924
Provident Bank 4331 Route 9 North And Pond Road Freehold, NJ 7728 Full Service B&M $94,292
Provident Bank 445 Route 34 Matawan, NJ 7747 Full Service B&M $55,592
Provident Bank 464 - 472 Avenue C Bayonne, NJ 7002 Full Service B&M $96,172
Provident Bank 464 Cedar Lane Teaneck, NJ 7666 Full Service B&M $167,436
Provident Bank 464 Eagle Rock Avenue West Orange, NJ 7052 Full Service B&M $50,866
Provident Bank 477 Union Avenue Bridgewater, NJ 8807 Full Service B&M $118,451
Provident Bank 4787 Freemansburg Avenue Easton, PA 18045 Full Service B&M $121,625
Provident Bank 490 Boulevard Kenilworth, NJ 7033 Full Service B&M $53,016
Provident Bank 509 Route 130 East Windsor, NJ 8520 Full Service B&M $110,939
Provident Bank 533 Bergen Avenue Jersey City, NJ 7304 Full Service B&M $19,364
Provident Bank 12-79 River Road Fair Lawn, NJ 7410 Full Service B&M $56,253
Provident Bank 1220 Green Street Iselin, NJ 8830 Full Service B&M $136,138
Provident Bank 125 West Pleasant Avenue Maywood, NJ 7607 Full Service B&M $154,173
Provident Bank 1260 Broad Street Bloomfield, NJ 7003 Full Service B&M $119,002
Provident Bank 15 Trinity Street Newton, NJ 7860 Full Service B&M $154,203
Provident Bank 1502 Route 35 South Ocean Township, NJ 7712 Full Service B&M $134,969
Provident Bank 1553 Kennedy Boulevard Jersey City, NJ 7305 Full Service B&M $145,705
Provident Bank 1580 Route 35 Middletown, NJ 7748 Full Service B&M $53,928
Provident Bank 159 South Orange Avenue South Orange, NJ 7079 Full Service B&M $63,085
Provident Bank 161 Eagle Rock Avenue Roseland, NJ 7068 Full Service B&M $115,182
Provident Bank 166 Ridgedale Avenue Morristown, NJ 7960 Full Service B&M $58,198
Provident Bank 190 Roseberry Street Phillipsburg, NJ 8865 Full Service B&M $103,438
Provident Bank 190 Wilson Ave Newark, NJ 7105 Full Service B&M $43,216
Provident Bank 1901 Hamilton Street Allentown, PA 18104 Full Service B&M $48,811
Provident Bank 2015 Route 35 South Wall Township, NJ 7719 Full Service B&M $116,919
Provident Bank 205 Main Street Manasquan, NJ 8736 Full Service B&M $55,687
Provident Bank 206 South Avenue Fanwood, NJ 7023 Full Service B&M $56,736
Provident Bank 208-218 Washington Avenue Belleville, NJ 7109 Full Service B&M $82,664
Provident Bank 21 Washington Avenue Dumont, NJ 7628 Full Service B&M $74,168
Provident Bank 210 Penns Trail Ste. 104 Newtown, PA 18940 Full Service B&M $59,002
Provident Bank 210 Rochelle Avenue Rochelle Park, NJ 7662 Full Service B&M $110,609
Provident Bank 2100 Oak Tree Road Edison, NJ 8820 Full Service B&M $140,318
Provident Bank 2162 Rt. 206 South Belle Mead, NJ 8502 Full Service B&M $41,661
Provident Bank 296 Kinderkamack Road Oradell, NJ 7649 Full Service B&M $170,977
Provident Bank 30 Route 31 Flemington, NJ 8822 Full Service B&M $209,218
Provident Bank 301-303 Raritan Avenue Highland Park, NJ 8904 Full Service B&M $50,732
Provident Bank 308 Rues Lane East Brunswick, NJ 8816 Full Service B&M $164,932
Provident Bank 320-322 Broad Avenue Leonia, NJ 7605 Full Service B&M $57,871
Provident Bank 325 Amboy Avenue Woodbridge, NJ 7095 Full Service B&M $106,754
Provident Bank 33 Main Street Sparta, NJ 7871 Full Service B&M $76,724
Provident Bank 333 North Avenue Dunellen, NJ 8812 Full Service B&M $122,552
Provident Bank 339 State Street Perth Amboy, NJ 8861 Full Service B&M $83,716
Provident Bank 340 Route 46 East Dover, NJ 7801 Full Service B&M $127,723
Provident Bank 345 Franklin Ave Wyckoff, NJ 7481 Full Service B&M $9,908
Provident Bank 562 Lexington Avenue Clifton, NJ 7011 Full Service B&M $96,286
Provident Bank 569 Broadway Bayonne, NJ 7002 Full Service B&M $65,596
Provident Bank 573 North Main Street Doylestown, PA 18901 Full Service B&M $69,159
Provident Bank 599 Middlesex Avenue Metuchen, NJ 8840 Full Service B&M $78,975
Provident Bank 6 Jackson Street South River, NJ 8882 Full Service B&M $158,395
Provident Bank 600 Washington Avenue South Amboy, NJ 8879 Full Service B&M $92,127
Provident Bank 6002 Broadway West New York, NJ 7093 Limited, Drive-thru $0
Provident Bank 604-610 Laurel Avenue Point Pleasant Beach, NJ 8742 Full Service B&M $41,473
Provident Bank 6141 Bergenline Avenue West New York, NJ 7093 Full Service B&M $93,256
Provident Bank 65 South Street New Providence, NJ 7974 Full Service B&M $103,430
Provident Bank 7 Church Street Vernon, NJ 7462 Full Service B&M $54,236
Provident Bank 765 Poole Avenue Hazlet, NJ 7730 Full Service B&M $98,220
Provident Bank 77 River Street Hoboken, NJ 7030 Full Service B&M $44,460
Provident Bank 895 Bergen Avenue Jersey City, NJ 7306 Full Service B&M $143,267
Provident Bank 930 North Washington Avenue Green Brook, NJ 8812 Full Service B&M $55,629
Provident Bank 95 East Main Street Mendham, NJ 7945 Full Service B&M $64,139
Provident Bank 97 North Main Street Milltown, NJ 8850 Full Service B&M $149,481
Provident Bank 98 Main Street Madison, NJ 7940 Full Service B&M $154,798
Provident Bank 980 Amboy Avenue Edison, NJ 8837 Full Service B&M $227,656

For 2021, Provident Bank had 100 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $402,339
Net interest income $366,189
Total noninterest income $86,238
Gross Fiduciary activities income $2,835
Service charges on deposit accounts $10,770
Trading account gains and fees $727
Additional Noninterest Income $71,906
Pre-tax net operating income $228,154
Securities gains (or losses, -) $255
Income before extraordinary items $169,212
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $169,212
Minority interest net income $0
Net income $169,212
Sale, conversion, retirement of capital stock, net $0
Net operating income $169,010

Provident Bank's gross interest income from loans was $402,339,000.
Provident Bank's net interest income from loans was $366,189,000.
Provident Bank's fee based income from loans was $10,770,000.
Provident Bank's net income from loans was $169,212,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $36,150
Provision for credit losses $-24,339
Total noninterest expense $248,612
Salaries and employee benefits $143,366
Premises and equipment expense $32,932
Additional noninterest expense $72,314
Applicable income taxes $59,197
Net charge-offs $-3,574
Cash dividends $102,014

Provident Bank's interest expense for loans was $36,150,000.
Provident Bank's payroll and benefits expense were $143,366,000.
Provident Bank's property, plant and equipment expenses $32,932,000.

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 $11,280,950
Deposits held in domestic offices $11,280,950
Deposits by Individuals, partnerships, and corporations $9,382,705
Deposits by U.S. Government $4
Deposits by States and political subdivisions in the U.S. $1,898,241
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 $1,816,464
Demand deposits $710,474
Nontransaction accounts $9,464,486
Money market deposit accounts (MMDAs) $2,591,677
Other savings deposits (excluding MMDAs) $6,180,293
Total time deposits $692,516
Total time and savings deposits $10,570,476
Noninterest-bearing deposits $2,796,738
Interest-bearing deposits $8,484,212
Retail deposits $10,581,688
IRAs and Keogh plan accounts $128,717
Brokered deposits $732,347
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $13,775,421
Cash & Balances due from depository institutions $506,270
Interest-bearing balances $399,316
Total securities $2,494,027
Federal funds sold & reverse repurchase $206,168
Net loans and leases $9,500,884
Loan and leases loss allowance $80,740
Trading account assets $65,903
Bank premises and fixed assets $129,368
Other real estate owned $8,731
Goodwill and other intangibles $464,183
All other assets $399,887

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $13,775,421
Total Liabilities $12,143,731
Total deposits $11,280,950
Interest-bearing deposits $8,484,212
Deposits held in domestic offices $11,280,950
% insured (estimated) $53
Federal funds purchased and repurchase agreements $116,760
Trading liabilities $61,412
Other borrowed funds $579,865
Subordinated debt $0
All other liabilities $104,744

Issued Loan Types

Type Value (in 000's)
Net loans and leases $9,500,884
Loan and leases loss allowance $80,740
Total loans and leases (domestic) $9,581,624
All real estate loans $8,633,835
Real estate loans in domestic offices $8,633,835
Construction and development loans $746,644
Residential 1-4 family construction $21,286
Other construction, all land development and other land $725,358
Loans secured by nonfarm nonresidential properties $4,920,524
Nonfarm nonresidential secured by owner-occupied properties $1,246,123
Commercial real estate & other non-farm, non-residential $3,674,401
Multifamily residential real estate $1,364,397
1-4 family residential loans $1,602,093
Farmland loans $177
Loans held in foreign offices $0
Farm loans $0
Commercial and industrial loans $864,143
To non-U.S. addressees $0
Loans to individuals $22,682
Credit card loans $0
Related Plans $950
Consumer Auto Loans $47
Other loans to individuals $21,685
All other loans & leases $60,969
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 $85,213
Loans secured by real estate to non-U.S. addressees $0
Restructured Loans & leases $21,056
Non 1-4 family restructured loans & leases $4,473
Total loans and leases (foreign) $0

Provident Bank had $9,500,884,000 of loans outstanding in 2021. $8,633,835,000 of loans were in real estate loans. $746,644,000 of loans were in development loans. $1,364,397,000 of loans were in multifamily mortgage loans. $1,602,093,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $47,000 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 1,644 $560,280 $340,803
Nonfarm, nonresidential loans - <$100k 141 $3,773 $26,759
Nonfarm, nonresidential loans - $100-250k 323 $38,447 $119,031
Nonfarm, nonresidential loans - $250k-1MM 1,180 $518,060 $439,034
Commercial & Industrial, US addressed loans - <$1MM 2,886 $189,909 $65,804
Commercial & Industrial, US addressed loans - <$100k 1,577 $11,241 $7,128
Commercial & Industrial, US addressed loans - $100-250k 575 $30,078 $52,310
Commercial & Industrial, US addressed loans - $250k-1MM 734 $148,590 $202,439
Farmland loans - <$1MM 1 $126 $126,000
Farmland loans - $100-250k 1 $126 $126,000