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

Jump to:

  • 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 loans. Provident Bank has a high proportion of conventional loans. Their top markets by origination volume include: New York, Philadelphia, Allentown, Trenton, and Lancaster among others. We have data for 16 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% 4/14/24
    30 Year Conventional Refi 6.20% 4/14/24
    30 Year Cash-out Refi 5.53% 4/14/24
    15 Year Conventional Purchase 5.54% 4/14/24
    15 Year Conventional Refi 5.77% 4/14/24
    15 Year Cash-out Refi 5.77% 4/14/24
    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

    1,218

    Origination Dollar Volume (All Markets)

    $573,300,000

    Employee count

    1,178

    Awards

    Provident Bank 30 Year Conventional Loans gold Provident Bank 30 Year Conventional Loans gold
    Show all (2) 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) 1,090 $432,540,000 $396,826 $3,069 3.25%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 44 $58,200,000 $1,322,727 $4,202 3.40%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 39 $42,715,000 $1,095,256 $3,165 3.17%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 25 $21,575,000 $863,000 $2,965 3.12%
    LANCASTER, PA (FHA|USDA|VA) 1 $7,505,000 $7,505,000 $0 2.45%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $3,285,000 $3,285,000 $0 3.65%
    READING, PA (FHA|USDA|VA) 2 $2,550,000 $1,275,000 $4,307 3.31%
    OCEAN CITY, NJ (FHA|USDA|VA) 4 $1,750,000 $437,500 $4,799 3.22%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 3 $1,405,000 $468,333 $4,163 3.08%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $525,000 $525,000 $0 3.65%
    PITTSBURGH, PA (FHA|USDA|VA) 2 $470,000 $235,000 $4,608 3.13%
    Outside of Metro Areas 1 $205,000 $205,000 $3,735 2.88%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $175,000 $175,000 $3,569 2.50%
    VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 2 $150,000 $75,000 $3,369 5.06%
    YORK-HANOVER, PA (FHA|USDA|VA) 1 $145,000 $145,000 $2,837 3.38%
    ERIE, PA (FHA|USDA|VA) 1 $105,000 $105,000 $2,830 2.75%
    Provident Bank's top markets include New York, Philadelphia, Allentown, Trenton, and Lancaster among others.

    Their top states include:
  • New Jersey (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • Delaware (FHA|USDA|VA)
  • New York (FHA|USDA|VA)
  • Tennessee (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.

    The First National Bank of Long Island
    Similarity Rank: 134
    North Jersey Federal Credit Union
    Similarity Rank: 247
    N C P D Federal Credit Union
    Similarity Rank: 482
    MOUNTAIN MORTGAGE CORP.
    Similarity Rank: 538
    ATLANTIS MORTGAGE CO., INC.
    Similarity Rank: 668
    TEG Federal Credit Union
    Similarity Rank: 715
    Hanover Community Bank
    Similarity Rank: 727
    Roselle Bank
    Similarity Rank: 796
    Poli Mortgage Group, Inc.
    Similarity Rank: 1012
    Schuyler Savings Bank
    Similarity Rank: 1083

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,218 $573,300,000 $470,690 $3,109 3.25%

    For 2020, Provident Bank's most frequently originated type of loan was Conventional, with 1,218 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 849 $472,215,000 $556,201 $3,041 3.19%
    Home Purchase 208 $69,540,000 $334,327 $4,656 3.13%
    Cash Out Refi 88 $25,370,000 $288,295 $3,031 3.20%
    Other 40 $3,150,000 $78,750 $0 4.29%
    Home Improvement 33 $3,025,000 $91,667 $0 4.24%

    For 2020, Provident Bank's most frequently cited loan purpose was Refi, with 849 originations. The 2nd most popular reason was Home Purchase, with 208 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 601 $297,105,000 $494,351 $4,121 3.11%
    15 Year 181 $40,175,000 $221,961 $2,073 3.26%
    30 Year 180 $62,870,000 $349,278 $4,412 3.01%
    10 Year 115 $116,105,000 $1,009,609 $412 3.72%
    20 Year 94 $19,120,000 $203,404 $1,239 3.79%
    5 Year 47 $37,925,000 $806,915 $0 3.65%

    For 2020, Provident Bank's most frequently cited loan duration was Other, with 601 originations. The 2nd most popular length was 15 Year, with 181 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 931 $237,715,000 $255,333
    $1k-2k 63 $32,955,000 $523,095
    $5k+ 17 $5,505,000 $323,824
    $2k-3k 9 $4,715,000 $523,889
    $4k-5k 5 $2,475,000 $495,000
    $3k-4k 3 $1,245,000 $415,000

    Provident Bank's average total fees were $4,412, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 931 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 552 $206,220,000 $373,587
    2.5-3% 446 $195,580,000 $438,520
    <2.5% 124 $159,230,000 $1,284,113
    4-5% 78 $11,130,000 $142,692
    5-6% 15 $1,015,000 $67,667
    6-7% 2 $80,000 $40,000
    7-8% 1 $45,000 $45,000

    During 2020, Provident Bank's average interest rate for loans was 3.01%, while their most frequently originated rate bucket for loans was 3-4%, with 552 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 524 $148,990,000 $284,332 $3,706 3.08%
    $100k-200k 258 $39,300,000 $152,326 $2,299 3.25%
    $100,000 or less 173 $9,515,000 $55,000 $178 3.97%
    $400k-600k 171 $81,895,000 $478,918 $4,701 3.05%
    $600k-1MM 57 $40,505,000 $710,614 $5,497 3.20%
    $1MM+ 35 $253,095,000 $7,231,286 $7,367 3.09%

    2020 saw Provident Bank place emphasis on $200k-400k loans with 524 originations, totaling $148,990,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 299 $94,915,000 $317,441 $3,507 3.14%
    $100k-150k 287 $71,985,000 $250,819 $3,113 3.21%
    $75k-100k 178 $35,570,000 $199,831 $2,653 3.26%
    $250k+ 135 $70,255,000 $520,407 $4,591 3.05%
    $50k-75k 131 $19,945,000 $152,252 $2,328 3.29%
    $50k or less 51 $4,535,000 $88,922 $1,504 3.65%

    Provident Bank lent most frequently to those with incomes in the $150k-250k range, with 299 originations. The second most popular income band? $100k-150k, with 287 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 244 $62,370,000 $255,615 $2,942 3.18%
    30-36% 221 $61,575,000 $278,620 $3,177 3.18%
    <20% 127 $34,845,000 $274,370 $3,176 3.06%
    44% 53 $13,855,000 $261,415 $2,736 3.48%
    39% 52 $13,710,000 $263,654 $3,168 3.37%
    37% 50 $15,060,000 $301,200 $3,209 3.10%
    38% 48 $12,710,000 $264,792 $3,290 3.13%
    40% 47 $14,205,000 $302,234 $3,759 3.20%
    42% 42 $10,530,000 $250,714 $2,958 3.28%
    36% 42 $10,370,000 $246,905 $3,593 3.33%
    41% 41 $11,475,000 $279,878 $2,852 3.18%
    43% 37 $11,285,000 $305,000 $2,892 3.38%
    45% 27 $7,775,000 $287,963 $3,502 3.16%
    46% 13 $5,695,000 $438,077 $4,014 3.19%
    50-60% 13 $3,305,000 $254,231 $3,147 3.37%
    48% 12 $3,540,000 $295,000 $3,744 3.20%
    49% 11 $1,745,000 $158,636 $592 3.92%
    47% 9 $3,585,000 $398,333 $3,584 3.33%
    >60% 6 $2,630,000 $438,333 $2,493 3.44%

    Provident Bank lent most frequently to those with DTI ratios of 20-30%, with 244 originations. The next most common DTI ratio? 30-36%, with 221 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 116 $271,330,000 $2,339,052 $0 3.56%
    White 823 $219,895,000 $267,187 $3,061 3.23%
    Asian 162 $56,550,000 $349,074 $3,845 3.03%
    Not provided 72 $17,160,000 $238,333 $2,703 3.42%
    Black 33 $6,105,000 $185,000 $2,279 3.23%
    Asian Indian 4 $1,180,000 $295,000 $3,187 2.97%
    Native Hawaiian or Islander 2 $510,000 $255,000 $3,394 3.38%
    American Indian 5 $295,000 $59,000 $570 3.68%
    Filipino 1 $275,000 $275,000 $3,150 3.38%

    Approval Rates

    Total approvals of all applications
    85.47%

    Provident Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    76.03%

    Provident Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,218 $573,300,000 $470,690

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $525,000 $525,000
    Multifamily:Site-Built 36 $246,180,000 $6,838,333
    Single Family (1-4 Units):Site-Built 1,181 $326,595,000 $276,541

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 166 $125,510,000 $756,084 $2,075 3.29%
    40-60% 262 $80,220,000 $306,183 $3,063 3.15%
    60-80% 550 $318,730,000 $579,509 $3,990 3.15%
    80-100% 113 $40,035,000 $354,292 $4,573 3.06%
    Under 20% 125 $8,595,000 $68,760 $67 4.01%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    PROVIDENT FUNDING ASSOCIATES Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 9 31.0%
    PROVIDENT FUNDING ASSOCIATES Conventional home mortgage Closing on a mortgage 6 20.7%
    PROVIDENT FUNDING ASSOCIATES Conventional home mortgage Struggling to pay mortgage 4 13.8%
    PROVIDENT FUNDING ASSOCIATES Conventional home mortgage Trouble during payment process 9 31.0%
    PROVIDENT FUNDING ASSOCIATES FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 3.4%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Provident Bank 1 Plaza Drive Toms River, NJ 8757 Full Service B&M $97,315
    Provident Bank 100 Bloomfield Avenue Bloomfield, NJ 7003 Full Service B&M $99,997
    Provident Bank 100 Stelton Road Piscataway, NJ 8854 Full Service B&M $144,248
    Provident Bank 100 Wood Avenue South Iselin, NJ 8830 Full Service B&M $227,867
    Provident Bank 100 Wood Avenue South Iselin, NJ 8830 Full Service B&M $319,567
    Provident Bank 1000 Woodbridge Center Drive Woodbridge, NJ 7095 Full Service B&M $102,757
    Provident Bank 11 Broad Street Bloomfield, NJ 7003 Full Service B&M $129,204
    Provident Bank 1139 Raritan Avenue Clark, NJ 7066 Full Service B&M $96,874
    Provident Bank 115-119 Ferry Street Newark, NJ 7105 Full Service B&M $19,153
    Provident Bank 1185 Sussex Turnpike Randolph, NJ 7869 Full Service B&M $108,211
    Provident Bank 1220 Green Street Iselin, NJ 8830 Full Service B&M $89,186
    Provident Bank 1260 Broad Street Bloomfield, NJ 7003 Full Service B&M $110,416
    Provident Bank 1502 Route 35 South Ocean Township, NJ 7712 Full Service B&M $124,175
    Provident Bank 1553 Kennedy Boulevard Jersey City, NJ 7305 Full Service B&M $142,434
    Provident Bank 1580 Route 35 Middletown, NJ 7748 Full Service B&M $49,687
    Provident Bank 159 South Orange Avenue South Orange, NJ 7079 Full Service B&M $63,758
    Provident Bank 161 Eagle Rock Avenue Roseland, NJ 7068 Full Service B&M $104,375
    Provident Bank 166 Ridgedale Avenue Morristown, NJ 7960 Full Service B&M $47,962
    Provident Bank 178 Center Street Clinton, NJ 8809 Full Service B&M $16,787
    Provident Bank 190 Roseberry Street Phillipsburg, NJ 8865 Full Service B&M $97,988
    Provident Bank 1901 Hamilton Street Allentown, PA 18104 Full Service B&M $36,863
    Provident Bank 1930 Route 88 Brick, NJ 8724 Full Service B&M $99,220
    Provident Bank 2015 Route 35 South Wall Township, NJ 7719 Full Service B&M $84,197
    Provident Bank 205 Main Street Manasquan, NJ 8736 Full Service B&M $58,924
    Provident Bank 206 South Avenue Fanwood, NJ 7023 Full Service B&M $51,960
    Provident Bank 208-218 Washington Avenue Belleville, NJ 7109 Full Service B&M $65,946
    Provident Bank 21 Washington Avenue Dumont, NJ 7628 Full Service B&M $72,898
    Provident Bank 210 Penns Trail Ste. 104 Newtown, PA 18940 Full Service B&M $41,916
    Provident Bank 2100 Oak Tree Road Edison, NJ 8820 Full Service B&M $88,587
    Provident Bank 2162 Rt. 206 South Belle Mead, NJ 8502 Full Service B&M $45,601
    Provident Bank 222 Halsey Street Newark, NJ 7102 Full Service B&M $111,247
    Provident Bank 333 North Avenue Dunellen, NJ 8812 Full Service B&M $123,600
    Provident Bank 225 Prospect Plains Road Monroe Township, NJ 8831 Full Service B&M $84,736
    Provident Bank 24 North Park Place Morristown, NJ 7960 Full Service B&M $63,000
    Provident Bank 249 Kearny Ave Kearny, NJ 7032 Full Service B&M $54,696
    Provident Bank 250 Madison Avenue Morristown, NJ 7960 Full Service B&M $164,460
    Provident Bank 2750 Route 27 North North Brunswick, NJ 8902 Full Service B&M $81,074
    Provident Bank 28 West Main Street Somerville, NJ 8876 Full Service B&M $47,648
    Provident Bank 30 Route 31 Flemington, NJ 8822 Full Service B&M $148,273
    Provident Bank 301-303 Raritan Avenue Highland Park, NJ 8904 Full Service B&M $46,754
    Provident Bank 308 Rues Lane East Brunswick, NJ 8816 Full Service B&M $140,106
    Provident Bank 320-322 Broad Avenue Leonia, NJ 7605 Full Service B&M $53,844
    Provident Bank 325 Amboy Avenue Woodbridge, NJ 7095 Full Service B&M $105,505
    Provident Bank 339 State Street Perth Amboy, NJ 8861 Full Service B&M $83,247
    Provident Bank 340 Route 46 East Dover, NJ 7801 Full Service B&M $117,562
    Provident Bank 350 Communipaw Avenue Jersey City, NJ 7304 Full Service B&M $54,078
    Provident Bank 3514 Route 9 South Freehold, NJ 7728 Full Service B&M $57,154
    Provident Bank 3670 Kennedy Boulevard Jersey City, NJ 7307 Full Service B&M $103,480
    Provident Bank 371 Spotswood Englishtown Road Monroe Township, NJ 8831 Full Service B&M $36,938
    Provident Bank 3720 Bergenline Avenue Union City, NJ 7087 Full Service B&M $58,933
    Provident Bank 381 Speedwell Avenue Morris Plains, NJ 7950 Full Service B&M $137,777
    Provident Bank 3889 Route 516 Old Bridge, NJ 8857 Full Service B&M $121,343
    Provident Bank 40 Main Ave Ocean Grove, NJ 7756 Full Service B&M $44,312
    Provident Bank 401 Smith Road Parsippany, NJ 7054 Full Service B&M $135,803
    Provident Bank 41 Broadway Denville, NJ 7834 Full Service B&M $144,210
    Provident Bank 425 Route 206 Hillsborough, NJ 8844 Full Service B&M $131,346
    Provident Bank 4285 W. Tilghman Street Allentown, PA 18104 Full Service B&M $46,132
    Provident Bank 4331 Route 9 North And Pond Road Freehold, NJ 7728 Full Service B&M $80,133
    Provident Bank 445 Route 34 Matawan, NJ 7747 Full Service B&M $48,258
    Provident Bank 95 East Main Street Mendham, NJ 7945 Full Service B&M $53,914
    Provident Bank 464 - 472 Avenue C Bayonne, NJ 7002 Full Service B&M $86,600
    Provident Bank 464 Cedar Lane Teaneck, NJ 7666 Full Service B&M $136,582
    Provident Bank 464 Eagle Rock Avenue West Orange, NJ 7052 Full Service B&M $44,239
    Provident Bank 477 Union Avenue Bridgewater, NJ 8807 Full Service B&M $87,516
    Provident Bank 4787 Freemansburg Avenue Easton, PA 18045 Full Service B&M $86,406
    Provident Bank 509 Route 130 East Windsor, NJ 8520 Full Service B&M $101,848
    Provident Bank 533 Bergen Avenue Jersey City, NJ 7304 Full Service B&M $21,818
    Provident Bank 562 Lexington Avenue Clifton, NJ 7011 Full Service B&M $70,401
    Provident Bank 569 Broadway Bayonne, NJ 7002 Full Service B&M $55,151
    Provident Bank 573 North Main Street Doylestown, PA 18901 Full Service B&M $57,080
    Provident Bank 599 Middlesex Avenue Metuchen, NJ 8840 Full Service B&M $71,192
    Provident Bank 6 Jackson Street South River, NJ 8882 Full Service B&M $155,695
    Provident Bank 600 Washington Avenue South Amboy, NJ 8879 Full Service B&M $81,666
    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 $37,068
    Provident Bank 6141 Bergenline Avenue West New York, NJ 7093 Full Service B&M $85,036
    Provident Bank 65 South Street New Providence, NJ 7974 Full Service B&M $85,400
    Provident Bank 765 Poole Avenue Hazlet, NJ 7730 Full Service B&M $92,300
    Provident Bank 77 River Street Hoboken, NJ 7030 Full Service B&M $38,283
    Provident Bank 895 Bergen Avenue Jersey City, NJ 7306 Full Service B&M $128,610
    Provident Bank 930 North Washington Avenue Green Brook, NJ 8812 Full Service B&M $54,978
    Provident Bank 97 North Main Street Milltown, NJ 8850 Full Service B&M $139,038
    Provident Bank 98 Main Street Madison, NJ 7940 Full Service B&M $117,111
    Provident Bank 980 Amboy Avenue Edison, NJ 8837 Full Service B&M $193,495
    Provident Bank Washington And York Streets Jersey City, NJ 7303 Full Service B&M $153,131

    For 2020, Provident Bank had 85 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $363,308
    Net interest income $311,837
    Total noninterest income $72,048
    Gross Fiduciary activities income $2,637
    Service charges on deposit accounts $9,946
    Trading account gains and fees $8,935
    Additional Noninterest Income $50,530
    Pre-tax net operating income $127,788
    Securities gains (or losses, -) $82
    Income before extraordinary items $97,267
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $97,267
    Minority interest net income $0
    Net income $97,267
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $97,202

    Provident Bank's gross interest income from loans was $363,308,000.
    Provident Bank's net interest income from loans was $311,837,000.
    Provident Bank's fee based income from loans was $9,946,000.
    Provident Bank's net income from loans was $97,267,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $51,471
    Provision for credit losses $29,719
    Total noninterest expense $226,378
    Salaries and employee benefits $130,837
    Premises and equipment expense $27,142
    Additional noninterest expense $68,399
    Applicable income taxes $30,603
    Net charge-offs $5,275
    Cash dividends $56,014

    Provident Bank's interest expense for loans was $51,471,000.
    Provident Bank's payroll and benefits expense were $130,837,000.
    Provident Bank's property, plant and equipment expenses $27,142,000.

    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 1.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 1.0%
    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 $9,882,269
    Deposits held in domestic offices $9,882,269
    Deposits by Individuals, partnerships, and corporations $8,263,089
    Deposits by U.S. Government $2
    Deposits by States and political subdivisions in the U.S. $1,619,178
    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 $1,251,217
    Demand deposits $620,358
    Nontransaction accounts $8,631,052
    Money market deposit accounts (MMDAs) $2,281,944
    Other savings deposits (excluding MMDAs) $5,254,934
    Total time deposits $1,094,175
    Total time and savings deposits $9,261,911
    Noninterest-bearing deposits $2,372,554
    Interest-bearing deposits $7,509,715
    Retail deposits $9,350,744
    IRAs and Keogh plan accounts $149,402
    Brokered deposits $469,722
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $12,914,397
    Cash & Balances due from depository institutions $403,863
    Interest-bearing balances $144,619
    Total securities $1,557,405
    Federal funds sold & reverse repurchase $127,047
    Net loans and leases $9,721,424
    Loan and leases loss allowance $101,466
    Trading account assets $101,079
    Bank premises and fixed assets $117,088
    Other real estate owned $2,992
    Goodwill and other intangibles $466,212
    All other assets $417,287

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $12,914,397
    Total Liabilities $11,352,492
    Total deposits $9,882,269
    Interest-bearing deposits $7,509,715
    Deposits held in domestic offices $9,882,269
    % insured (estimated) $45
    Federal funds purchased and repurchase agreements $99,936
    Trading liabilities $109,148
    Other borrowed funds $1,143,635
    Subordinated debt $0
    All other liabilities $117,504

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $9,721,424
    Loan and leases loss allowance $101,466
    Total loans and leases (domestic) $9,822,890
    All real estate loans $8,483,633
    Real estate loans in domestic offices $8,483,633
    Construction and development loans $604,043
    Residential 1-4 family construction $45,102
    Other construction, all land development and other land $558,941
    Loans secured by nonfarm nonresidential properties $4,623,322
    Nonfarm nonresidential secured by owner-occupied properties $1,229,504
    Commercial real estate & other non-farm, non-residential $3,393,818
    Multifamily residential real estate $1,484,515
    1-4 family residential loans $1,771,548
    Farmland loans $205
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $1,259,850
    To non-U.S. addressees $0
    Loans to individuals $19,750
    Credit card loans $0
    Related Plans $969
    Consumer Auto Loans $97
    Other loans to individuals $18,684
    All other loans & leases $59,671
    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 $111,638
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $22,269
    Non 1-4 family restructured loans & leases $4,898
    Total loans and leases (foreign) $0

    Provident Bank had $9,721,424,000 of loans outstanding in 2020. $8,483,633,000 of loans were in real estate loans. $604,043,000 of loans were in development loans. $1,484,515,000 of loans were in multifamily mortgage loans. $1,771,548,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $97,000 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 1,743 $580,755 $333,193
    Nonfarm, nonresidential loans - <$100k 163 $4,862 $29,828
    Nonfarm, nonresidential loans - $100-250k 366 $46,853 $128,014
    Nonfarm, nonresidential loans - $250k-1MM 1,214 $529,040 $435,783
    Commercial & Industrial, US addressed loans - <$1MM 2,867 $215,655 $75,220
    Commercial & Industrial, US addressed loans - <$100k 1,571 $17,935 $11,416
    Commercial & Industrial, US addressed loans - $100-250k 569 $30,763 $54,065
    Commercial & Industrial, US addressed loans - $250k-1MM 727 $166,957 $229,652
    Farmland loans - <$1MM 2 $205 $102,500
    Farmland loans - $250k-1MM 2 $205 $102,500