Investment Savings Bank Mortgage Rates, Fees & Info

Altoona, PA

LEI: 5493005DE3TY0D0PU504

Tax ID: 23-0725565

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Mortgage Data

Bank Data

Review & Overview

Investment Savings Bank is a smaller bank specializing in Refi and Home Purchase loans. Investment Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Altoona, Johnstown, and Dubois among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

Investment Savings Bank has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.

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Originations

99

Origination Dollar Volume (All Markets)

$7,575,000

Employee count

17

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
ALTOONA, PA (FHA|USDA|VA) 96 $7,490,000 $78,021 $0 0.00%
Outside of Metro Areas 1 $45,000 $45,000 $0 0.00%
JOHNSTOWN, PA (FHA|USDA|VA) 1 $25,000 $25,000 $0 0.00%
DuBois, PA (FHA|USDA|VA) 1 $15,000 $15,000 $0 0.00%
Investment Savings Bank's top markets include Altoona, Johnstown, and Dubois among others.

Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 99 $7,575,000 $76,515 $0 0.00%

    For 2018, Investment Savings Bank's most frequently originated type of loan was Conventional, with 99 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 42 $3,190,000 $75,952 $0 0.00%
    Home Purchase 21 $2,505,000 $119,286 $0 0.00%
    Home Improvement 19 $745,000 $39,211 $0 0.00%
    Other 12 $640,000 $53,333 $0 0.00%
    Cash Out Refi 5 $495,000 $99,000 $0 0.00%

    For 2018, Investment Savings Bank's most frequently cited loan purpose was Refi, with 42 originations. The 2nd most popular reason was Home Purchase, with 21 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 99 $7,575,000 $76,515 $0 0.00%

    For 2018, Investment Savings Bank's most frequently cited loan duration was Other, with 99 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 76 $3,500,000 $46,053 $0 0.00%
    $100k-200k 17 $2,295,000 $135,000 $0 0.00%
    $200k-400k 5 $1,305,000 $261,000 $0 0.00%
    $400k-600k 1 $475,000 $475,000 $0 0.00%

    2018 saw Investment Savings Bank place emphasis on $100,000 or less loans with 76 originations, totaling $3,500,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 28 $1,340,000 $47,857 $0 0.00%
    $50k-75k 24 $1,510,000 $62,917 $0 0.00%
    $100k-150k 20 $1,800,000 $90,000 $0 0.00%
    $75k-100k 14 $1,390,000 $99,286 $0 0.00%
    $150k-250k 4 $920,000 $230,000 $0 0.00%

    Investment Savings Bank lent most frequently to those with incomes in the $50k or less range, with 28 originations. The second most popular income band? $50k-75k, with 24 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 99 $7,575,000 $76,515 $0 0.00%

    Investment Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 99 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 93 $7,175,000 $77,151 $0 0.00%
    Not applicable 6 $400,000 $66,667 $0 0.00%

    Approval Rates

    Total approvals of all applications
    82.71%

    Investment Savings Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    91.92%

    Investment Savings Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 99 $7,575,000 $76,515

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 99 $7,575,000 $76,515

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    INVESTORS BANK Home equity loan or line of credit (HELOC) Closing on a mortgage 1 25.0%
    INVESTORS BANK Conventional home mortgage Trouble during payment process 2 50.0%
    INVESTORS BANK FHA mortgage Trouble during payment process 1 25.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Investment Savings Bank 1201 Eighth Avenue Altoona, PA 16602 Full Service B&M $57,363
    Investment Savings Bank 200 Patchway Road Duncansville, PA 16635 Full Service B&M $20,567

    For 2018, Investment Savings Bank had 2 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $3,394
    Net interest income $2,788
    Total noninterest income $288
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $83
    Trading account gains and fees $0
    Additional Noninterest Income $205
    Pre-tax net operating income $602
    Securities gains (or losses, -) $0
    Income before extraordinary items $524
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $524
    Minority interest net income $0
    Net income $524
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $524

    Investment Savings Bank's gross interest income from loans was $3,394,000.
    Investment Savings Bank's net interest income from loans was $2,788,000.
    Investment Savings Bank's fee based income from loans was $83,000.
    Investment Savings Bank's net income from loans was $524,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $606
    Provision for credit losses $43
    Total noninterest expense $2,431
    Salaries and employee benefits $1,463
    Premises and equipment expense $240
    Additional noninterest expense $728
    Applicable income taxes $78
    Net charge-offs $22
    Cash dividends $0

    Investment Savings Bank's interest expense for loans was $606,000.
    Investment Savings Bank's payroll and benefits expense were $1,463,000.
    Investment Savings Bank's property, plant and equipment expenses $240,000.

    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 $76,339
    Deposits held in domestic offices $76,339
    Deposits by Individuals, partnerships, and corporations $76,014
    Deposits by U.S. Government $10
    Deposits by States and political subdivisions in the U.S. $315
    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 $15,664
    Demand deposits $7,903
    Nontransaction accounts $60,675
    Money market deposit accounts (MMDAs) $4,240
    Other savings deposits (excluding MMDAs) $23,516
    Total time deposits $32,919
    Total time and savings deposits $68,436
    Noninterest-bearing deposits $7,903
    Interest-bearing deposits $68,436
    Retail deposits $71,927
    IRAs and Keogh plan accounts $10,567
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $102,366
    Cash & Balances due from depository institutions $3,962
    Interest-bearing balances $3,198
    Total securities $41,369
    Federal funds sold & reverse repurchase $0
    Net loans and leases $49,212
    Loan and leases loss allowance $307
    Trading account assets $0
    Bank premises and fixed assets $1,194
    Other real estate owned $2
    Goodwill and other intangibles $0
    All other assets $6,627

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $102,366
    Total Liabilities $81,439
    Total deposits $76,339
    Interest-bearing deposits $68,436
    Deposits held in domestic offices $76,339
    % insured (estimated) $95
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $3,476
    Subordinated debt $0
    All other liabilities $1,624

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $49,212
    Loan and leases loss allowance $307
    Total loans and leases (domestic) $49,519
    All real estate loans $48,176
    Real estate loans in domestic offices $48,176
    Construction and development loans $689
    Residential 1-4 family construction $670
    Other construction, all land development and other land $19
    Loans secured by nonfarm nonresidential properties $3,016
    Nonfarm nonresidential secured by owner-occupied properties $216
    Commercial real estate & other non-farm, non-residential $2,800
    Multifamily residential real estate $612
    1-4 family residential loans $43,859
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $420
    To non-U.S. addressees $0
    Loans to individuals $923
    Credit card loans $0
    Related Plans $30
    Consumer Auto Loans $379
    Other loans to individuals $514
    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 $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    INVESTMENT SAVINGS BANK had $49,212,000 of loans outstanding in 2018. $48,176,000 of loans were in real estate loans. $689,000 of loans were in development loans. $612,000 of loans were in multifamily mortgage loans. $43,859,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $379,000 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 24 $2,642 $110,083
    Nonfarm, nonresidential loans - <$100k 12 $483 $40,250
    Nonfarm, nonresidential loans - $100-250k 9 $774 $86,000
    Nonfarm, nonresidential loans - $250k-1MM 3 $1,385 $461,667
    Commercial & Industrial, US addressed loans - <$1MM 2 $224 $112,000
    Commercial & Industrial, US addressed loans - <$100k 1 $55 $55,000
    Commercial & Industrial, US addressed loans - $100-250k 1 $169 $169,000