Columbia Bank Mortgage Rates, Fees & Info

Fair Lawn, NJ

LEI: 5493005LKFCLR81TSN28

Tax ID: 22-0900560

5 stars - out of 5 stars, based on 54 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Columbia Bank is a small bank specializing in Refi loans. Columbia Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets include New York, Philadelphia, Ocean City, Trenton, and Poughkeepsie among others. Columbia 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. Columbia Bank is typically a low fee lendor.


Originations

2,951

Origination Dollar Volume (All Markets)

$1,408,865,000

Employee count

668 Show all (7) awards

Relative Rate

Columbia Bank's average 30 year fixed rate mortgage of loans were 2.84%.

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

This yields a difference of -0.31%.

Relative Fees

Columbia Bank's average total fees for a 30 year fixed rate mortgage are $3,185.

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) 2,456 $1,157,550,000 $471,315 $2,576 2.80%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 386 $185,210,000 $479,819 $2,457 2.84%
OCEAN CITY, NJ (FHA|USDA|VA) 39 $20,005,000 $512,949 $3,922 2.80%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 33 $19,245,000 $583,182 $3,263 2.80%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 2 $10,430,000 $5,215,000 $3,509 3.38%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 20 $6,670,000 $333,500 $2,498 2.77%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 1 $5,505,000 $5,505,000 $0 2.99%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 9 $1,695,000 $188,333 $1,330 3.05%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 1 $1,145,000 $1,145,000 $5,834 2.25%
Key West, FL (FHA|USDA|VA) 1 $805,000 $805,000 $7,870 2.88%
Outside of Metro Areas 1 $305,000 $305,000 $4,573 2.75%
EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $165,000 $165,000 $3,469 2.50%
VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 1 $135,000 $135,000 $2,830 3.38%

Columbia Bank's top markets include New York, Philadelphia, Ocean City, Trenton, and Poughkeepsie among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 2,947 $1,406,995,000 $477,433 $2,576 2.80%
FHA 4 $1,870,000 $467,500 $12,544 3.09%

For the 2021 period, Columbia Bank's most frequently originated loan type of loans were Conventional, with 2,947 originations. Their 2nd most popular type is FHA, with 4 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 1,560 $794,710,000 $509,429 $2,013 2.69%
Cash Out Refi 433 $160,955,000 $371,721 $2,323 2.89%
Home Purchase 423 $249,055,000 $588,783 $4,482 2.73%
Home Improvement 339 $177,795,000 $524,469 $3,357 3.05%
Other 196 $26,350,000 $134,439 $0 3.22%

For the 2021, Columbia Bank's most frequently cited loan purpose of loans were Refi, with 1,560 originations. The 2nd most popular reason of loans were Cash Out Refi, with 433 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 1,529 $581,705,000 $380,448 $3,185 2.84%
15 Year 535 $155,505,000 $290,664 $1,971 2.52%
20 Year 366 $108,820,000 $297,322 $1,951 2.85%
10 Year 305 $297,875,000 $976,639 $1,161 2.81%
Other 139 $182,545,000 $1,313,273 $2,228 3.12%
30+ year 39 $30,155,000 $773,205 $5,959 3.09%
5 Year 37 $32,895,000 $889,054 $35 3.14%
3 Year 1 $19,365,000 $19,365,000 $0 3.25%

For the 2021, Columbia Bank's most frequently cited loan length of loans were 30 Year, with 1,529 originations. The 2nd most popular length of loans were 15 Year, with 535 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 2,104 $712,150,000 $338,474
$1k-2k 241 $172,425,000 $715,456
$5k+ 5 $4,005,000 $801,000
$3k-4k 3 $1,645,000 $548,333
$2k-3k 2 $1,070,000 $535,000

$3,185 of loans were Columbia Bank's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 2,104 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 1,724 $794,970,000 $461,119
<2.5% 679 $198,815,000 $292,806
3-4% 505 $392,015,000 $776,267
4-5% 41 $20,775,000 $506,707
5-6% 2 $2,290,000 $1,145,000

During 2021, Columbia Bank's average interest rate of loans were 2.84%, while their most frequently originated rate bucket of loans were 2.5-3%, with 1,724 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 1,065 $304,665,000 $286,070 $2,006 2.75%
$100k-200k 651 $96,605,000 $148,395 $1,013 2.70%
$400k-600k 457 $224,295,000 $490,799 $3,505 2.84%
$600k-1MM 367 $278,015,000 $757,534 $5,072 2.76%
$100,000 or less 285 $16,365,000 $57,421 $984 3.08%
$1MM+ 126 $488,920,000 $3,880,317 $6,619 3.16%

2021 saw Columbia Bank place emphasis on $200k-400k loans with 1,065 originations, totaling $304,665,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$150k-250k 793 $292,015,000 $368,241 $2,892 2.82%
$250k+ 616 $352,710,000 $572,581 $4,268 2.78%
$100k-150k 609 $161,805,000 $265,690 $1,975 2.87%
$75k-100k 419 $85,345,000 $203,687 $1,622 2.82%
$50k-75k 292 $50,200,000 $171,918 $1,346 2.53%
$50k or less 78 $9,620,000 $123,333 $1,237 2.54%

Columbia Bank lent most frequently to those with incomes in the $150k-250k range, with 793 originations. The second most popular income band? $250k+, with 616 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 861 $304,675,000 $353,862 $2,765 2.77%
30-36% 624 $218,890,000 $350,785 $2,545 2.79%
<20% 343 $137,445,000 $400,714 $3,000 2.71%
42% 158 $35,660,000 $225,696 $2,182 2.96%
39% 110 $33,180,000 $301,636 $2,175 2.79%
41% 106 $30,400,000 $286,792 $2,502 2.92%
38% 101 $31,575,000 $312,624 $2,409 2.68%
40% 83 $26,475,000 $318,976 $2,841 2.83%
37% 79 $24,985,000 $316,266 $2,485 2.88%
36% 73 $22,855,000 $313,082 $2,223 2.86%
43% 64 $21,050,000 $328,906 $2,294 2.70%
44% 59 $17,725,000 $300,424 $2,410 2.66%
45% 45 $15,915,000 $353,667 $2,276 2.67%
46% 39 $13,685,000 $350,897 $1,980 2.77%
47% 34 $10,410,000 $306,176 $2,251 2.61%
48% 32 $10,620,000 $331,875 $1,953 2.54%
49% 20 $5,560,000 $278,000 $1,486 2.61%
>60% 7 $1,755,000 $250,714 $2,068 3.07%
50-60% 6 $1,130,000 $188,333 $1,230 2.77%

Columbia Bank lent most frequently to those with DTI ratios of 20-30%, with 861 originations. The next most common DTI ratio? 30-36%, with 624 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 2,151 $707,175,000 $328,766 $2,514 2.81%
Not applicable 105 $447,275,000 $4,259,762 $7,802 3.45%
Not provided 398 $139,700,000 $351,005 $2,716 2.71%
Asian 164 $70,850,000 $432,012 $3,218 2.67%
Asian Indian 51 $22,645,000 $444,020 $3,173 2.70%
Black 58 $13,430,000 $231,552 $1,998 2.44%
Other Asian 7 $2,625,000 $375,000 $2,020 2.55%
Korean 3 $2,125,000 $708,333 $3,744 2.50%
Chinese 4 $820,000 $205,000 $1,873 2.40%
Filipino 4 $800,000 $200,000 $2,897 2.90%
American Indian 3 $565,000 $188,333 $2,635 2.13%
2 $550,000 $275,000 $1,763 2.69%
Japanese 1 $305,000 $305,000 $2,950 2.75%

Approval Rates

Total approvals of all applications
91.64%

Columbia Bank has an average approval rate.

Pick Rate

Approvals leading to origination
76.98%

Columbia Bank has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
2062.5 1 $415,000 $415,000
NA 2,950 $1,408,450,000 $477,441

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
2,951 $1,408,865,000 $477,420

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 522 $126,890,000 $243,084 $1,529 2.72%
40-60% 747 $331,965,000 $444,398 $2,073 2.70%
60-80% 1,091 $746,135,000 $683,900 $3,171 2.83%
80-100% 262 $162,760,000 $621,221 $3,675 2.74%
Over 100% 5 $8,165,000 $1,633,000 $7,977 3.50%
Under 20% 324 $32,950,000 $101,698 $726 3.15%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
COLUMBIA BANKING SYSTEM, INC. Conventional home mortgage Trouble during payment process 1 50.0%
COLUMBIA BANKING SYSTEM, INC. Other type of mortgage Trouble during payment process 1 50.0%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Columbia Bank 1154 Highway 34 Aberdeen, NJ 7747 Full Service B&M $86,561
Columbia Bank 2 Changebridge Road Montville, NJ 7045 Full Service B&M $74,010
Columbia Bank 204 Grove Avenue West Deptford, NJ 8086 Full Service B&M $86,953
Columbia Bank 235 Chestnut St Roselle, NJ 7203 Full Service B&M $123,254
Columbia Bank 24-02 Fair Lawn Avenue Suite A Fair Lawn, NJ 7410 Full Service B&M $139,633
Columbia Bank 245 Talmadge Road Edison, NJ 8817 Full Service B&M $81,126
Columbia Bank 249 Newark-Pompton Turnpike Pequannock, NJ 7440 Full Service B&M $82,544
Columbia Bank 25-00 Broadway Fair Lawn, NJ 7410 Full Service B&M $210,880
Columbia Bank 251 North Ave West Westfield, NJ 7090 Full Service B&M $65,589
Columbia Bank 253 East Main Street Maple Shade, NJ 8052 Full Service B&M $150,300
Columbia Bank 270 Main Street Sayreville, NJ 8872 Full Service B&M $51,022
Columbia Bank 270 S. Livingston Avenue Livingston, NJ 7039 Full Service B&M $93,134
Columbia Bank 271 Passaic Avenue Fairfield, NJ 7004 Full Service B&M $79,946
Columbia Bank 655 Raritan Road Cranford, NJ 7016 Full Service B&M $70,071
Columbia Bank 701 North Wood Avenue Linden, NJ 7036 Full Service B&M $125,943
Columbia Bank 800 Inman Avenue Colonia, NJ 7067 Full Service B&M $184,521
Columbia Bank 803 Route 17 South Paramus, NJ 7652 Full Service B&M $261,579
Columbia Bank 805 Franklin Lake Road Franklin Lakes, NJ 7417 Full Service B&M $161,366
Columbia Bank 85 Jefferson Avenue, Aka 200 Kinderkamack Road Westwood, NJ 7675 Full Service B&M $31,257
Columbia Bank 900 White Horse Road Voorhees, NJ 8043 Full Service B&M $193,224
Columbia Bank 905 Broad Street Newark, NJ 7102 Full Service B&M $18,872
Columbia Bank 99 Ramblewood Parkway At Route 73 Mount Laurel, NJ 8054 Full Service B&M $97,035
Columbia Bank 102 Route 4 East Paramus, NJ 7652 Full Service B&M $171,515
Columbia Bank 1027 Pompton Avenue Cedar Grove, NJ 7009 Full Service B&M $100,756
Columbia Bank 1100 Raritan Road Clark, NJ 7066 Full Service B&M $158,228
Columbia Bank 1127 Route 35 Middletown, NJ 7748 Full Service B&M $92,685
Columbia Bank 279 Kinderkamack Road Oradell, NJ 7649 Full Service B&M $108,267
Columbia Bank 2988 Route 516 Old Bridge, NJ 8857 Full Service B&M $83,255
Columbia Bank 300 Kakeout Road Kinnelon, NJ 7405 Full Service B&M $96,075
Columbia Bank 303 Franklin Avenue Wyckoff, NJ 7481 Full Service B&M $239,235
Columbia Bank 311 Valley Road Wayne, NJ 7470 Full Service B&M $43,254
Columbia Bank 33 Sicomac Road North Haledon, NJ 7508 Full Service B&M $50,778
Columbia Bank 381 Market Street Saddle Brook, NJ 7663 Full Service B&M $127,692
Columbia Bank 389 Route 18 South East Brunswick, NJ 8816 Full Service B&M $108,626
Columbia Bank 401 Valley Brook Avenue Lyndhurst, NJ 7071 Full Service B&M $28,679
Columbia Bank 407 Hurffville Crosskeys Road Sewell, NJ 8080 Full Service B&M $78,526
Columbia Bank 413 Ramapo Valley Road Oakland, NJ 7436 Full Service B&M $60,981
Columbia Bank 413 Wanaque Avenue Pompton Lakes, NJ 7442 Full Service B&M $133,709
Columbia Bank 43 South Park Place Morristown, NJ 7960 Full Service B&M $21,138
Columbia Bank 45 Reinhardt Road Wayne, NJ 7470 Limited, Mobile/Seasonal Office $9,152
Columbia Bank 496 Lafayette Avenue Hawthorne, NJ 7506 Full Service B&M $229,850
Columbia Bank 5-22 Saddle River Road Fair Lawn, NJ 7410 Full Service B&M $182,165
Columbia Bank 501 Pleasant Valley Way West Orange, NJ 7052 Full Service B&M $53,686
Columbia Bank 543 Newark Pompton Turnpike Pompton Plains, NJ 7444 Full Service B&M $195,044
Columbia Bank 60 Raritan Center Parkway Edison, NJ 8837 Full Service B&M $80,813
Columbia Bank 60 South Broad Street Ridgewood, NJ 7450 Full Service B&M $177,403
Columbia Bank 604 Amboy Avenue Woodbridge, NJ 7095 Full Service B&M $141,217
Columbia Bank 620 Oak Tree Avenue South Plainfield, NJ 7080 Full Service B&M $98,528
Columbia Bank 630 Godwin Avenue Midland Park, NJ 7432 Full Service B&M $288,011
Columbia Bank 64 Franklin Turnpike Waldwick, NJ 7463 Full Service B&M $76,955
Columbia Bank 118 W Main St High Bridge, NJ 8829 Full Service B&M $54,997
Columbia Bank 122 Berdan Avenue Wayne, NJ 7470 Full Service B&M $236,988
Columbia Bank 133 Route 70 Medford, NJ 8055 Full Service B&M $65,067
Columbia Bank 133 Us Highway 9 Englishtown, NJ 7726 Full Service B&M $124,111
Columbia Bank 14 Morristown Rd Bernardsville, NJ 7924 Full Service B&M $67,550
Columbia Bank 14-01 River Road Fair Lawn, NJ 7410 Full Service B&M $173,436
Columbia Bank 1460 Clements Bridge Road Deptford, NJ 8096 Full Service B&M $143,071
Columbia Bank 1501 Union Valley Road West Milford, NJ 7480 Full Service B&M $149,071
Columbia Bank 1504 Route 23 North Wayne, NJ 7470 Full Service B&M $76,915
Columbia Bank 161 E. Main Street Ramsey, NJ 7446 Full Service B&M $52,956
Columbia Bank 19-01 Route 208 Fair Lawn, NJ 7410 Full Service B&M $298,063

For 2021, Columbia Bank had 61 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $270,374
Net interest income $223,784
Total noninterest income $36,757
Gross Fiduciary activities income $0
Service charges on deposit accounts $4,178
Trading account gains and fees $0
Additional Noninterest Income $32,579
Pre-tax net operating income $126,540
Securities gains (or losses, -) $-116
Income before extraordinary items $92,228
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $92,228
Minority interest net income $0
Net income $92,228
Sale, conversion, retirement of capital stock, net $13,274
Net operating income $92,319

Columbia Bank's gross interest income from loans was $270,374,000.
Columbia Bank's net interest income from loans was $223,784,000.
Columbia Bank's fee based income from loans was $4,178,000.
Columbia Bank's net income from loans was $92,228,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $46,590
Provision for credit losses $-9,965
Total noninterest expense $143,966
Salaries and employee benefits $95,711
Premises and equipment expense $19,831
Additional noninterest expense $28,424
Applicable income taxes $34,196
Net charge-offs $2,035
Cash dividends $65,000

Columbia Bank's interest expense for loans was $46,590,000.
Columbia Bank's payroll and benefits expense were $95,711,000.
Columbia Bank's property, plant and equipment expenses $19,831,000.

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 $7,472,007
Deposits held in domestic offices $7,472,007
Deposits by Individuals, partnerships, and corporations $6,785,262
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $686,745
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 $4,377,550
Demand deposits $1,814,104
Nontransaction accounts $3,094,457
Money market deposit accounts (MMDAs) $596,263
Other savings deposits (excluding MMDAs) $801,546
Total time deposits $1,696,648
Total time and savings deposits $5,657,903
Noninterest-bearing deposits $1,814,104
Interest-bearing deposits $5,657,903
Retail deposits $7,185,780
IRAs and Keogh plan accounts $390,845
Brokered deposits $5,004
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $8,920,031
Cash & Balances due from depository institutions $51,642
Interest-bearing balances $9,918
Total securities $2,042,167
Federal funds sold & reverse repurchase $0
Net loans and leases $6,141,450
Loan and leases loss allowance $62,677
Trading account assets $0
Bank premises and fixed assets $91,389
Other real estate owned $0
Goodwill and other intangibles $85,547
All other assets $507,836

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $8,920,031
Total Liabilities $7,982,369
Total deposits $7,472,007
Interest-bearing deposits $5,657,903
Deposits held in domestic offices $7,472,007
% insured (estimated) $76
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $348,839
Subordinated debt $0
All other liabilities $161,523

Issued Loan Types

Type Value (in 000's)
Net loans and leases $6,141,450
Loan and leases loss allowance $62,677
Total loans and leases (domestic) $6,204,127
All real estate loans $5,750,218
Real estate loans in domestic offices $5,750,218
Construction and development loans $291,815
Residential 1-4 family construction $31,319
Other construction, all land development and other land $260,496
Loans secured by nonfarm nonresidential properties $2,023,075
Nonfarm nonresidential secured by owner-occupied properties $431,282
Commercial real estate & other non-farm, non-residential $1,591,793
Multifamily residential real estate $1,020,776
1-4 family residential loans $2,414,552
Farmland loans $0
Loans held in foreign offices $0
Farm loans $0
Commercial and industrial loans $450,349
To non-U.S. addressees $0
Loans to individuals $3,561
Credit card loans $2,644
Related Plans $353
Consumer Auto Loans $520
Other loans to individuals $44
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 $41,829
Loans secured by real estate to non-U.S. addressees $0
Restructured Loans & leases $23,354
Non 1-4 family restructured loans & leases $17,544
Total loans and leases (foreign) $0

Columbia Bank had $6,141,450,000 of loans outstanding in 2021. $5,750,218,000 of loans were in real estate loans. $291,815,000 of loans were in development loans. $1,020,776,000 of loans were in multifamily mortgage loans. $2,414,552,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $2,644,000 of loans were in credit card loans. $520,000 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 579 $237,166 $409,613
Nonfarm, nonresidential loans - <$100k 12 $575 $47,917
Nonfarm, nonresidential loans - $100-250k 79 $11,393 $144,215
Nonfarm, nonresidential loans - $250k-1MM 488 $225,198 $461,471
Commercial & Industrial, US addressed loans - <$1MM 913 $164,971 $180,691
Commercial & Industrial, US addressed loans - <$100k 311 $9,328 $29,994
Commercial & Industrial, US addressed loans - $100-250k 234 $24,927 $106,526
Commercial & Industrial, US addressed loans - $250k-1MM 368 $130,716 $355,207