Provident Bank Mortgage Rates, Fees & Info

Jersey City, NJ

LEI: 5493004NH61PL6YYNH25

Tax ID: 22-1211130

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    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 by origination volume include: New York, Philadelphia, Bridgeport, Knoxville, and Baltimore among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Provident 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. Provident 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.

    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.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 5.33% 12/16/24
    30 Year Conventional Refi 6.20% 12/16/24
    30 Year Cash-out Refi 5.53% 12/16/24
    15 Year Conventional Purchase 5.54% 12/16/24
    15 Year Conventional Refi 5.77% 12/16/24
    15 Year Cash-out Refi 5.77% 12/16/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Provident Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Provident Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    989

    Origination Dollar Volume (All Markets)

    $615,405,000

    Employee count

    992

    Awards

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

    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
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 891 $358,575,000 $402,441 $1,882 3.93%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 49 $173,305,000 $3,536,837 $3,188 3.87%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $32,205,000 $32,205,000 $0 4.80%
    KNOXVILLE, TN (FHA|USDA|VA) 1 $22,005,000 $22,005,000 $0 4.30%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1 $13,505,000 $13,505,000 $0 3.50%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 16 $8,810,000 $550,625 $2,528 3.85%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 21 $4,985,000 $237,381 $2,236 3.78%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 2 $640,000 $320,000 $3,960 3.31%
    Outside of Metro Areas 2 $580,000 $290,000 $3,791 3.56%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 2 $380,000 $190,000 $0 4.63%
    OCEAN CITY, NJ (FHA|USDA|VA) 1 $175,000 $175,000 $0 5.50%
    LANCASTER, PA (FHA|USDA|VA) 1 $155,000 $155,000 $3,556 3.75%
    VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 1 $85,000 $85,000 $0 7.13%
    Provident Bank's top markets include New York, Philadelphia, Bridgeport, Knoxville, and Baltimore among others.

    Their top states include:
  • New Jersey (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • Connecticut (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)

    • Similar Lenders

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

    N C P D Federal Credit Union
    Similarity Rank: 56
    Schuyler Savings Bank
    Similarity Rank: 104
    Union County Savings Bank
    Similarity Rank: 150
    GARDEN SAVINGS FEDERAL CREDIT UNION
    Similarity Rank: 192
    Blue Foundry Bank
    Similarity Rank: 212
    Bogota Savings Bank
    Similarity Rank: 246
    MOUNTAIN MORTGAGE CORP.
    Similarity Rank: 266
    FUNDING RESOURCES MORTGAGE CORPORATION
    Similarity Rank: 292
    CREDIT UNION OF NEW JERSEY
    Similarity Rank: 360
    Atlantic Stewardship Bank
    Similarity Rank: 372

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 989 $615,405,000 $622,250 $1,937 3.93%

    For 2019, Provident Bank's most frequently originated type of loan was Conventional, with 989 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 426 $258,740,000 $607,371 $812 4.06%
    Home Purchase 255 $260,935,000 $1,023,275 $4,393 3.68%
    Cash Out Refi 135 $46,375,000 $343,519 $3,757 3.44%
    Other 105 $10,105,000 $96,238 $343 4.35%
    Home Improvement 68 $39,250,000 $577,206 $193 4.35%

    For 2019, Provident Bank's most frequently cited loan purpose was Refi, with 426 originations. The 2nd most popular reason was Home Purchase, with 255 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 433 $237,305,000 $548,048 $4,038 3.60%
    15 Year 173 $30,375,000 $175,578 $846 4.05%
    10 Year 156 $140,910,000 $903,269 $25 4.15%
    20 Year 104 $17,240,000 $165,769 $0 4.72%
    5 Year 69 $80,255,000 $1,163,116 $0 4.04%
    30 Year 50 $13,100,000 $262,000 $3,489 3.76%
    3 Year 3 $82,715,000 $27,571,667 $0 4.70%
    1 Year 1 $13,505,000 $13,505,000 $0 3.50%

    For 2019, Provident Bank's most frequently cited loan duration was Other, with 433 originations. The 2nd most popular length was 15 Year, with 173 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 795 $165,685,000 $208,409
    $1k-2k 14 $8,060,000 $575,714
    $5k+ 6 $2,340,000 $390,000
    $3k-4k 2 $450,000 $225,000
    $2k-3k 1 $1,505,000 $1,505,000
    $4k-5k 1 $1,005,000 $1,005,000

    Provident Bank's average total fees were $3,489, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 795 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 550 $240,640,000 $437,527
    4-5% 337 $295,415,000 $876,602
    2.5-3% 60 $17,500,000 $291,667
    5-6% 39 $61,645,000 $1,580,641
    6-7% 2 $120,000 $60,000
    7-8% 1 $85,000 $85,000

    During 2019, Provident Bank's average interest rate for loans was 3.76%, while their most frequently originated rate bucket for loans was 3-4%, with 550 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 320 $90,190,000 $281,844 $2,886 3.67%
    $100,000 or less 272 $14,200,000 $52,206 $169 4.26%
    $100k-200k 218 $30,980,000 $142,110 $1,109 4.04%
    $400k-600k 110 $52,180,000 $474,364 $4,555 3.62%
    $1MM+ 38 $407,000,000 $10,710,526 $8,115 4.15%
    $600k-1MM 31 $20,855,000 $672,742 $4,504 3.68%

    2019 saw Provident Bank place emphasis on $200k-400k loans with 320 originations, totaling $90,190,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 214 $60,930,000 $284,720 $2,487 3.82%
    $100k-150k 212 $43,580,000 $205,566 $1,756 3.97%
    $75k-100k 145 $26,065,000 $179,759 $1,872 3.87%
    $50k-75k 141 $18,765,000 $133,085 $1,335 3.96%
    $50k or less 79 $5,865,000 $74,241 $760 4.02%
    $250k+ 72 $33,710,000 $468,194 $3,684 3.77%

    Provident Bank lent most frequently to those with incomes in the $150k-250k range, with 214 originations. The second most popular income band? $100k-150k, with 212 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 210 $45,400,000 $216,190 $1,838 3.86%
    30-36% 178 $37,190,000 $208,933 $2,173 3.83%
    <20% 67 $12,805,000 $191,119 $1,690 3.83%
    44% 50 $10,260,000 $205,200 $1,598 4.20%
    39% 39 $11,905,000 $305,256 $3,004 3.78%
    38% 34 $7,320,000 $215,294 $2,306 3.95%
    43% 31 $8,525,000 $275,000 $2,852 3.69%
    50-60% 30 $4,900,000 $163,333 $1,446 4.06%
    49% 29 $6,485,000 $223,621 $721 4.15%
    40% 28 $6,420,000 $229,286 $2,330 3.98%
    41% 27 $6,905,000 $255,741 $2,177 3.92%
    37% 25 $5,205,000 $208,200 $1,691 3.76%
    42% 24 $4,510,000 $187,917 $1,419 4.07%
    45% 22 $6,240,000 $283,636 $2,808 3.86%
    36% 20 $4,100,000 $205,000 $1,485 3.88%
    46% 18 $5,270,000 $292,778 $2,209 3.85%
    47% 16 $2,820,000 $176,250 $858 4.04%
    48% 14 $3,140,000 $224,286 $1,203 3.99%
    >60% 5 $545,000 $109,000 $0 4.63%

    Provident Bank lent most frequently to those with DTI ratios of 20-30%, with 210 originations. The next most common DTI ratio? 30-36%, with 178 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 113 $423,115,000 $3,744,381 $0 4.18%
    White 652 $139,010,000 $213,206 $1,884 3.92%
    Asian 107 $29,875,000 $279,206 $2,875 3.63%
    Not provided 62 $11,790,000 $190,161 $1,037 4.15%
    Black 35 $6,125,000 $175,000 $1,492 3.96%
    Asian Indian 11 $2,845,000 $258,636 $2,401 3.47%
    Other Asian 3 $1,215,000 $405,000 $3,671 3.29%
    American Indian 2 $630,000 $315,000 $0 4.37%
    Other Pacific Islander 2 $470,000 $235,000 $1,881 4.25%
    Chinese 1 $305,000 $305,000 $3,570 3.13%
    Native Hawaiian or Islander 1 $25,000 $25,000 $0 3.75%

    Approval Rates

    Total approvals of all applications
    83.48%

    Provident Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    73.81%

    Provident Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 989 $615,405,000 $622,250

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 44 $403,520,000 $9,170,909
    Single Family (1-4 Units):Site-Built 945 $211,885,000 $224,217

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 161 $23,445,000 $145,621 $585 4.18%
    40-60% 156 $208,810,000 $1,338,526 $2,059 3.83%
    60-80% 360 $315,470,000 $876,306 $3,511 3.76%
    80-100% 98 $46,140,000 $470,816 $3,819 3.50%
    Under 20% 214 $21,540,000 $100,654 $79 4.30%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    PROVIDENT FUNDING ASSOCIATES Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 6 20.0%
    PROVIDENT FUNDING ASSOCIATES Conventional home mortgage Closing on a mortgage 2 6.7%
    PROVIDENT FUNDING ASSOCIATES Conventional home mortgage Incorrect information on your report 1 3.3%
    PROVIDENT FUNDING ASSOCIATES Conventional home mortgage Struggling to pay mortgage 5 16.7%
    PROVIDENT FUNDING ASSOCIATES Conventional home mortgage Trouble during payment process 12 40.0%
    PROVIDENT FUNDING ASSOCIATES FHA mortgage Trouble during payment process 1 3.3%
    PROVIDENT FUNDING ASSOCIATES Other type of mortgage Closing on a mortgage 1 3.3%
    PROVIDENT FUNDING ASSOCIATES Other type of mortgage Trouble during payment process 2 6.7%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Provident Bank 1 Plaza Drive Toms River, NJ 8757 Full Service B&M $63,686
    Provident Bank 100 Bloomfield Avenue Bloomfield, NJ 7003 Full Service B&M $84,364
    Provident Bank 100 Stelton Road Piscataway, NJ 8854 Full Service B&M $104,360
    Provident Bank 100 Wood Avenue South Iselin, NJ 8830 Full Service B&M $186,193
    Provident Bank 100 Wood Avenue South Iselin, NJ 8830 Full Service B&M $341,694
    Provident Bank 1000 Woodbridge Center Drive Woodbridge, NJ 7095 Full Service B&M $95,391
    Provident Bank 11 Broad Street Bloomfield, NJ 7003 Full Service B&M $112,123
    Provident Bank 1139 Raritan Avenue Clark, NJ 7066 Full Service B&M $89,154
    Provident Bank 115-119 Ferry Street Newark, NJ 7105 Full Service B&M $31,091
    Provident Bank 1185 Sussex Turnpike Randolph, NJ 7869 Full Service B&M $111,777
    Provident Bank 1220 Green Street Iselin, NJ 8830 Full Service B&M $80,892
    Provident Bank 1260 Broad Street Bloomfield, NJ 7003 Full Service B&M $97,191
    Provident Bank 1502 Route 35 South Ocean Township, NJ 7712 Full Service B&M $106,009
    Provident Bank 1553 Kennedy Boulevard Jersey City, NJ 7305 Full Service B&M $132,632
    Provident Bank 1580 Route 35 Middletown, NJ 7748 Full Service B&M $43,702
    Provident Bank 159 South Orange Avenue South Orange, NJ 7079 Full Service B&M $60,738
    Provident Bank 161 Eagle Rock Avenue Roseland, NJ 7068 Full Service B&M $102,896
    Provident Bank 166 Ridgedale Avenue Morristown, NJ 7960 Full Service B&M $41,950
    Provident Bank 178 Center Street Clinton, NJ 8809 Full Service B&M $13,975
    Provident Bank 190 Roseberry Street Phillipsburg, NJ 8865 Full Service B&M $90,600
    Provident Bank 1901 Hamilton Street Allentown, PA 18104 Full Service B&M $31,167
    Provident Bank 1930 Route 88 Brick, NJ 8724 Full Service B&M $73,961
    Provident Bank 2015 Route 35 South Wall Township, NJ 7719 Full Service B&M $81,688
    Provident Bank 205 Main Street Manasquan, NJ 8736 Full Service B&M $51,806
    Provident Bank 206 South Avenue Fanwood, NJ 7023 Full Service B&M $47,831
    Provident Bank 208-218 Washington Avenue Belleville, NJ 7109 Full Service B&M $56,629
    Provident Bank 21 Washington Avenue Dumont, NJ 7628 Full Service B&M $74,672
    Provident Bank 210 Penns Trail Ste. 104 Newtown, PA 18940 Full Service B&M $33,935
    Provident Bank 2100 Oak Tree Road Edison, NJ 8820 Full Service B&M $69,740
    Provident Bank 2162 Rt. 206 South Belle Mead, NJ 8502 Full Service B&M $40,286
    Provident Bank 222 Halsey Street Newark, NJ 7102 Full Service B&M $19,506
    Provident Bank 225 Prospect Plains Road Monroe Township, NJ 8831 Full Service B&M $83,022
    Provident Bank 24 North Park Place Morristown, NJ 7960 Full Service B&M $55,359
    Provident Bank 249 Kearny Ave Kearny, NJ 7032 Full Service B&M $60,438
    Provident Bank 250 Madison Avenue Morristown, NJ 7960 Full Service B&M $158,619
    Provident Bank 2750 Route 27 North North Brunswick, NJ 8902 Full Service B&M $69,685
    Provident Bank 28 West Main Street Somerville, NJ 8876 Full Service B&M $40,856
    Provident Bank 30 Route 31 Flemington, NJ 8822 Full Service B&M $110,925
    Provident Bank 301-303 Raritan Avenue Highland Park, NJ 8904 Full Service B&M $48,616
    Provident Bank 308 Rues Lane East Brunswick, NJ 8816 Full Service B&M $128,501
    Provident Bank 320-322 Broad Avenue Leonia, NJ 7605 Full Service B&M $52,002
    Provident Bank 325 Amboy Avenue Woodbridge, NJ 7095 Full Service B&M $109,231
    Provident Bank 333 North Avenue Dunellen, NJ 8812 Full Service B&M $87,904
    Provident Bank 339 State Street Perth Amboy, NJ 8861 Full Service B&M $74,860
    Provident Bank 340 Route 46 East Dover, NJ 7801 Full Service B&M $113,020
    Provident Bank 350 Communipaw Avenue Jersey City, NJ 7304 Full Service B&M $48,888
    Provident Bank 3514 Route 9 South Freehold, NJ 7728 Full Service B&M $41,320
    Provident Bank 3670 Kennedy Boulevard Jersey City, NJ 7307 Full Service B&M $101,618
    Provident Bank 371 Spotswood Englishtown Road Monroe Township, NJ 8831 Full Service B&M $33,138
    Provident Bank 3720 Bergenline Avenue Union City, NJ 7087 Full Service B&M $49,051
    Provident Bank 381 Speedwell Avenue Morris Plains, NJ 7950 Full Service B&M $112,277
    Provident Bank 3889 Route 516 Old Bridge, NJ 8857 Full Service B&M $94,037
    Provident Bank 40 Main Ave Ocean Grove, NJ 7756 Full Service B&M $43,839
    Provident Bank 401 Smith Road Parsippany, NJ 7054 Full Service B&M $138,815
    Provident Bank 41 Broadway Denville, NJ 7834 Full Service B&M $123,603
    Provident Bank 425 Route 206 Hillsborough, NJ 8844 Full Service B&M $119,341
    Provident Bank 4285 W. Tilghman Street Allentown, PA 18104 Full Service B&M $27,776
    Provident Bank 4331 Route 9 North And Pond Road Freehold, NJ 7728 Full Service B&M $69,718
    Provident Bank 445 Route 34 Matawan, NJ 7747 Full Service B&M $51,983
    Provident Bank 464 - 472 Avenue C Bayonne, NJ 7002 Full Service B&M $91,701
    Provident Bank 464 Cedar Lane Teaneck, NJ 7666 Full Service B&M $141,800
    Provident Bank 464 Eagle Rock Avenue West Orange, NJ 7052 Full Service B&M $49,824
    Provident Bank 477 Union Avenue Bridgewater, NJ 8807 Full Service B&M $75,205
    Provident Bank 4787 Freemansburg Avenue Easton, PA 18045 Full Service B&M $76,122
    Provident Bank 509 Route 130 East Windsor, NJ 8520 Full Service B&M $87,014
    Provident Bank 533 Bergen Avenue Jersey City, NJ 7304 Full Service B&M $20,541
    Provident Bank 5410 Bergenline Avenue West New York, NJ 7093 Full Service B&M $34,311
    Provident Bank 562 Lexington Avenue Clifton, NJ 7011 Full Service B&M $53,836
    Provident Bank 569 Broadway Bayonne, NJ 7002 Full Service B&M $65,052
    Provident Bank 573 North Main Street Doylestown, PA 18901 Full Service B&M $52,337
    Provident Bank 599 Middlesex Avenue Metuchen, NJ 8840 Full Service B&M $64,279
    Provident Bank 6 Jackson Street South River, NJ 8882 Full Service B&M $147,751
    Provident Bank 600 Washington Avenue South Amboy, NJ 8879 Full Service B&M $73,762
    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 $28,960
    Provident Bank 6141 Bergenline Avenue West New York, NJ 7093 Full Service B&M $44,896
    Provident Bank 65 South Street New Providence, NJ 7974 Full Service B&M $59,029
    Provident Bank 765 Poole Avenue Hazlet, NJ 7730 Full Service B&M $93,092
    Provident Bank 77 River Street Hoboken, NJ 7030 Full Service B&M $29,377
    Provident Bank 895 Bergen Avenue Jersey City, NJ 7306 Full Service B&M $132,845
    Provident Bank 930 North Washington Avenue Green Brook, NJ 8812 Full Service B&M $55,351
    Provident Bank 95 East Main Street Mendham, NJ 7945 Full Service B&M $49,916
    Provident Bank 97 North Main Street Milltown, NJ 8850 Full Service B&M $132,060
    Provident Bank 98 Main Street Madison, NJ 7940 Full Service B&M $124,590
    Provident Bank 980 Amboy Avenue Edison, NJ 8837 Full Service B&M $169,006
    Provident Bank Washington And York Streets Jersey City, NJ 7303 Full Service B&M $134,492

    For 2019, Provident Bank had 86 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $371,465
    Net interest income $296,500
    Total noninterest income $63,404
    Gross Fiduciary activities income $2,385
    Service charges on deposit accounts $12,340
    Trading account gains and fees $4,649
    Additional Noninterest Income $44,030
    Pre-tax net operating income $146,572
    Securities gains (or losses, -) $77
    Income before extraordinary items $112,321
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $112,321
    Minority interest net income $0
    Net income $112,321
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $112,260

    Provident Bank's gross interest income from loans was $371,465,000.
    Provident Bank's net interest income from loans was $296,500,000.
    Provident Bank's fee based income from loans was $12,340,000.
    Provident Bank's net income from loans was $112,321,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $74,965
    Provision for credit losses $13,100
    Total noninterest expense $200,232
    Salaries and employee benefits $116,849
    Premises and equipment expense $25,895
    Additional noninterest expense $57,488
    Applicable income taxes $34,328
    Net charge-offs $13,138
    Cash dividends $107,414

    Provident Bank's interest expense for loans was $74,965,000.
    Provident Bank's payroll and benefits expense were $116,849,000.
    Provident Bank's property, plant and equipment expenses $25,895,000.

    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 2.0%
    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 $7,159,136
    Deposits held in domestic offices $7,159,136
    Deposits by Individuals, partnerships, and corporations $5,896,574
    Deposits by U.S. Government $13
    Deposits by States and political subdivisions in the U.S. $1,262,549
    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 $859,593
    Demand deposits $404,946
    Nontransaction accounts $6,299,543
    Money market deposit accounts (MMDAs) $1,737,595
    Other savings deposits (excluding MMDAs) $3,827,921
    Total time deposits $734,027
    Total time and savings deposits $6,754,190
    Noninterest-bearing deposits $1,604,282
    Interest-bearing deposits $5,554,854
    Retail deposits $6,846,771
    IRAs and Keogh plan accounts $114,750
    Brokered deposits $273,991
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $9,807,688
    Cash & Balances due from depository institutions $131,555
    Interest-bearing balances $18,397
    Total securities $1,430,595
    Federal funds sold & reverse repurchase $55,146
    Net loans and leases $7,277,360
    Loan and leases loss allowance $55,525
    Trading account assets $39,305
    Bank premises and fixed assets $96,964
    Other real estate owned $2,714
    Goodwill and other intangibles $437,019
    All other assets $337,030

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $9,807,688
    Total Liabilities $8,443,451
    Total deposits $7,159,136
    Interest-bearing deposits $5,554,854
    Deposits held in domestic offices $7,159,136
    % insured (estimated) $50
    Federal funds purchased and repurchase agreements $60,737
    Trading liabilities $39,356
    Other borrowed funds $1,138,337
    Subordinated debt $0
    All other liabilities $45,885

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $7,277,360
    Loan and leases loss allowance $55,525
    Total loans and leases (domestic) $7,332,885
    All real estate loans $6,522,892
    Real estate loans in domestic offices $6,522,892
    Construction and development loans $486,111
    Residential 1-4 family construction $10,059
    Other construction, all land development and other land $476,052
    Loans secured by nonfarm nonresidential properties $3,357,489
    Nonfarm nonresidential secured by owner-occupied properties $837,462
    Commercial real estate & other non-farm, non-residential $2,520,027
    Multifamily residential real estate $1,225,675
    1-4 family residential loans $1,453,617
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $720,918
    To non-U.S. addressees $0
    Loans to individuals $21,128
    Credit card loans $0
    Related Plans $1,340
    Consumer Auto Loans $62
    Other loans to individuals $19,726
    All other loans & leases $67,972
    Loans to foreign governments and official institutions $0
    Other loans $3,575
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $84,551
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $41,223
    Non 1-4 family restructured loans & leases $22,443
    Total loans and leases (foreign) $0

    Provident Bank had $7,277,360,000 of loans outstanding in 2019. $6,522,892,000 of loans were in real estate loans. $486,111,000 of loans were in development loans. $1,225,675,000 of loans were in multifamily mortgage loans. $1,453,617,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $62,000 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 1,039 $336,179 $323,560
    Nonfarm, nonresidential loans - <$100k 127 $4,037 $31,787
    Nonfarm, nonresidential loans - $100-250k 218 $28,413 $130,335
    Nonfarm, nonresidential loans - $250k-1MM 694 $303,729 $437,650
    Commercial & Industrial, US addressed loans - <$1MM 2,357 $189,720 $80,492
    Commercial & Industrial, US addressed loans - <$100k 1,305 $10,979 $8,413
    Commercial & Industrial, US addressed loans - $100-250k 437 $24,873 $56,918
    Commercial & Industrial, US addressed loans - $250k-1MM 615 $153,868 $250,192