Presidential Bank Fsb Mortgage Rates, Fees & Info

Bethesda, MD

LEI: 54930078TNN7GKZ7NU89

Tax ID: 52-1377663

4.5 stars - out of 5 stars, based on 68 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Presidential Bank Fsb is a small bank specializing in Home Purchase and Refi loans. Presidential Bank Fsb has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Washington, Baltimore, Richmond, Philadelphia, and Charlottesville among others. Presidential Bank Fsb has an above average approval rate for mortages when compared nationally. They have an average pick rate when compared to the same sample of other lendors. Presidential Bank Fsb is typically an average fee lendor.


Originations

4,645

Origination Dollar Volume (All Markets)

$1,638,195,000

Employee count

269 Show all (6) awards

Relative Rate

Presidential Bank Fsb's average 30 year fixed rate mortgage of loans were 3.06%.

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

This yields a difference of -0.09%.

Relative Fees

Presidential Bank Fsb's average total fees for a 30 year fixed rate mortgage are $5,554.

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
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1,791 $722,155,000 $403,213 $5,548 3.04%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 768 $278,050,000 $362,044 $5,218 2.97%
RICHMOND, VA (FHA|USDA|VA) 619 $140,915,000 $227,649 $5,213 3.12%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 419 $133,535,000 $318,699 $5,816 3.07%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 136 $51,070,000 $375,515 $5,533 3.03%
CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 74 $26,500,000 $358,108 $4,818 3.11%
Outside of Metro Areas 88 $23,880,000 $271,364 $5,000 3.20%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 57 $21,435,000 $376,053 $4,889 2.74%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 72 $17,540,000 $243,611 $4,590 3.08%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 50 $17,470,000 $349,400 $3,918 3.03%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 57 $16,165,000 $283,596 $4,679 3.03%
SALISBURY, MD-DE (FHA|USDA|VA) 44 $13,510,000 $307,045 $4,691 3.05%
OCEAN CITY, NJ (FHA|USDA|VA) 24 $11,310,000 $471,250 $5,857 3.18%
JACKSONVILLE, FL (FHA|USDA|VA) 14 $5,670,000 $405,000 $6,287 2.80%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 11 $5,425,000 $493,182 $4,388 3.06%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 10 $5,210,000 $521,000 $3,220 2.79%
WINCHESTER, VA-WV (FHA|USDA|VA) 16 $5,070,000 $316,875 $5,533 3.00%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 19 $4,995,000 $262,895 $5,747 2.95%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 15 $4,955,000 $330,333 $4,073 3.25%
READING, PA (FHA|USDA|VA) 17 $4,215,000 $247,941 $5,301 3.01%
RALEIGH-CARY, NC (FHA|USDA|VA) 9 $3,895,000 $432,778 $5,378 2.86%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 8 $3,640,000 $455,000 $3,643 2.72%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 8 $3,310,000 $413,750 $5,348 3.28%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 5 $3,255,000 $651,000 $12,186 2.43%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 4 $3,210,000 $802,500 $0 4.75%
GETTYSBURG, PA (FHA|USDA|VA) 14 $3,200,000 $228,571 $4,963 3.17%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 7 $3,105,000 $443,571 $5,354 3.11%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 10 $2,950,000 $295,000 $4,685 3.21%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 6 $2,640,000 $440,000 $4,497 2.88%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 5 $2,595,000 $519,000 $3,380 2.45%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 4 $2,340,000 $585,000 $4,193 3.35%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 2 $2,300,000 $1,150,000 $4,538 3.75%
PITTSBURGH, PA (FHA|USDA|VA) 4 $2,250,000 $562,500 $5,138 3.31%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 7 $2,225,000 $317,857 $5,414 3.45%
COLUMBUS, OH (FHA|USDA|VA) 5 $2,095,000 $419,000 $3,777 2.95%
URBAN HONOLULU, HI (FHA|USDA|VA) 4 $2,080,000 $520,000 $3,927 2.69%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 7 $2,065,000 $295,000 $3,904 2.91%
Easton, MD (FHA|USDA|VA) 7 $2,055,000 $293,571 $7,018 2.88%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 2 $2,030,000 $1,015,000 $19,458 3.88%
Kill Devil Hills, NC (FHA|USDA|VA) 5 $2,015,000 $403,000 $5,082 2.95%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 3 $1,965,000 $655,000 $11,178 2.58%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 7 $1,855,000 $265,000 $6,051 3.09%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 3 $1,815,000 $605,000 $4,907 3.25%
YORK-HANOVER, PA (FHA|USDA|VA) 5 $1,775,000 $355,000 $6,679 2.73%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 4 $1,750,000 $437,500 $2,544 2.94%
JACKSONVILLE, NC (FHA|USDA|VA) 6 $1,700,000 $283,333 $3,266 2.77%
PANAMA CITY, FL (FHA|USDA|VA) 4 $1,660,000 $415,000 $6,448 2.75%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 3 $1,495,000 $498,333 $3,776 2.33%
CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $1,475,000 $1,475,000 $0 4.75%
Murray, KY (FHA|USDA|VA) 1 $1,445,000 $1,445,000 $0 4.75%
COLORADO SPRINGS, CO (FHA|USDA|VA) 2 $1,350,000 $675,000 $7,174 3.13%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 3 $1,345,000 $448,333 $6,050 2.83%
LYNCHBURG, VA (FHA|USDA|VA) 2 $1,340,000 $670,000 $12,279 3.31%
LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 1 $1,295,000 $1,295,000 $0 4.75%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2 $1,230,000 $615,000 $6,640 2.63%
EAST STROUDSBURG, PA (FHA|USDA|VA) 5 $1,195,000 $239,000 $5,707 3.33%
ST. LOUIS, MO-IL (FHA|USDA|VA) 2 $1,140,000 $570,000 $3,830 2.50%
SAVANNAH, GA (FHA|USDA|VA) 3 $1,055,000 $351,667 $1,376 3.17%
COLUMBIA, SC (FHA|USDA|VA) 4 $1,030,000 $257,500 $4,421 2.78%
PORT ST. LUCIE, FL (FHA|USDA|VA) 3 $1,025,000 $341,667 $4,699 3.04%
KNOXVILLE, TN (FHA|USDA|VA) 2 $1,020,000 $510,000 $3,349 2.31%
LUBBOCK, TX (FHA|USDA|VA) 1 $1,015,000 $1,015,000 $0 4.75%
COLUMBUS, GA-AL (FHA|USDA|VA) 4 $1,010,000 $252,500 $4,909 2.88%
DOVER, DE (FHA|USDA|VA) 4 $960,000 $240,000 $4,325 3.00%
FLORENCE, SC (FHA|USDA|VA) 1 $935,000 $935,000 $0 4.75%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 3 $925,000 $308,333 $5,364 2.79%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 3 $895,000 $298,333 $2,905 2.83%
BRUNSWICK, GA (FHA|USDA|VA) 1 $855,000 $855,000 $21,980 2.38%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 4 $840,000 $210,000 $3,443 3.06%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 3 $785,000 $261,667 $2,649 2.42%
Lebanon, NH-VT (FHA|USDA|VA) 2 $780,000 $390,000 $3,688 2.94%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 3 $775,000 $258,333 $4,012 2.92%
ROANOKE, VA (FHA|USDA|VA) 3 $775,000 $258,333 $2,003 3.33%
SPRINGFIELD, MA (FHA|USDA|VA) 2 $760,000 $380,000 $3,171 2.69%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 2 $760,000 $380,000 $10,263 3.63%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $750,000 $375,000 $5,558 3.06%
SALT LAKE CITY, UT (FHA|USDA|VA) 1 $745,000 $745,000 $0 2.25%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 2 $740,000 $370,000 $3,756 2.69%
MORGANTOWN, WV (FHA|USDA|VA) 2 $740,000 $370,000 $3,576 2.88%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 2 $720,000 $360,000 $3,124 3.06%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 2 $680,000 $340,000 $7,079 2.75%
CORVALLIS, OR (FHA|USDA|VA) 1 $655,000 $655,000 $0 3.50%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 2 $630,000 $315,000 $2,104 2.56%
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 1 $625,000 $625,000 $3,112 2.50%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 2 $590,000 $295,000 $4,831 3.69%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 2 $580,000 $290,000 $3,334 3.06%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $545,000 $545,000 $6,277 2.88%
SANTA FE, NM (FHA|USDA|VA) 1 $545,000 $545,000 $4,262 2.25%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $545,000 $545,000 $4,062 2.50%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 2 $540,000 $270,000 $7,064 2.81%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 2 $540,000 $270,000 $6,935 2.31%
Augusta-Waterville, ME (FHA|USDA|VA) 2 $540,000 $270,000 $4,825 2.93%
Sayre, PA (FHA|USDA|VA) 2 $530,000 $265,000 $4,417 2.88%
Oak Harbor, WA (FHA|USDA|VA) 1 $515,000 $515,000 $11,500 2.25%
LANCASTER, PA (FHA|USDA|VA) 2 $510,000 $255,000 $5,423 3.81%
Shelton, WA (FHA|USDA|VA) 1 $505,000 $505,000 $5,041 2.63%
Cambridge, MD (FHA|USDA|VA) 2 $490,000 $245,000 $8,131 3.06%
Elizabeth City, NC (FHA|USDA|VA) 2 $480,000 $240,000 $4,848 2.81%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 2 $470,000 $235,000 $3,225 3.19%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 1 $465,000 $465,000 $0 2.25%
WILMINGTON, NC (FHA|USDA|VA) 2 $460,000 $230,000 $3,839 3.00%
Clovis, NM (FHA|USDA|VA) 2 $460,000 $230,000 $4,146 2.56%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $455,000 $455,000 $4,128 2.25%
Hilo, HI (FHA|USDA|VA) 1 $435,000 $435,000 $0 2.25%
WINSTON-SALEM, NC (FHA|USDA|VA) 1 $425,000 $425,000 $16,810 2.88%
WORCESTER, MA-CT (FHA|USDA|VA) 1 $425,000 $425,000 $9,627 2.38%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $415,000 $415,000 $3,404 2.75%
TUCSON, AZ (FHA|USDA|VA) 2 $410,000 $205,000 $13,163 3.31%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 1 $405,000 $405,000 $10,021 2.25%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1 $395,000 $395,000 $4,485 2.38%
FORT COLLINS, CO (FHA|USDA|VA) 1 $385,000 $385,000 $8,625 2.88%
MADISON, WI (FHA|USDA|VA) 1 $385,000 $385,000 $2,717 3.00%
FAIRBANKS, AK (FHA|USDA|VA) 1 $385,000 $385,000 $11,677 2.38%
Sanford, NC (FHA|USDA|VA) 1 $375,000 $375,000 $7,051 2.50%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $365,000 $365,000 $3,220 3.50%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $365,000 $365,000 $0 3.99%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 1 $355,000 $355,000 $7,548 3.25%
St. Marys, GA (FHA|USDA|VA) 1 $355,000 $355,000 $7,981 2.75%
Pottsville, PA (FHA|USDA|VA) 2 $350,000 $175,000 $6,191 3.13%
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 1 $345,000 $345,000 $10,451 3.75%
JACKSON, MS (FHA|USDA|VA) 1 $335,000 $335,000 $1,675 2.25%
Washington Court House, OH (FHA|USDA|VA) 1 $325,000 $325,000 $4,529 3.50%
HARRISONBURG, VA (FHA|USDA|VA) 1 $325,000 $325,000 $0 2.50%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $325,000 $325,000 $0 3.00%
WARNER ROBINS, GA (FHA|USDA|VA) 1 $325,000 $325,000 $1,973 2.75%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $325,000 $325,000 $7,647 2.88%
EL PASO, TX (FHA|USDA|VA) 2 $310,000 $155,000 $0 2.50%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA) 1 $305,000 $305,000 $0 3.13%
TOLEDO, OH (FHA|USDA|VA) 1 $295,000 $295,000 $4,252 3.00%
CHEYENNE, WY (FHA|USDA|VA) 1 $295,000 $295,000 $10,242 2.25%
FLINT, MI (FHA|USDA|VA) 1 $295,000 $295,000 $7,589 2.75%
Brevard, NC (FHA|USDA|VA) 1 $285,000 $285,000 $4,371 2.75%
HUNTSVILLE, AL (FHA|USDA|VA) 1 $285,000 $285,000 $2,702 2.88%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $275,000 $275,000 $3,123 2.25%
JOHNSTOWN, PA (FHA|USDA|VA) 1 $275,000 $275,000 $4,968 2.75%
WICHITA FALLS, TX (FHA|USDA|VA) 1 $275,000 $275,000 $0 4.75%
BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 3 $275,000 $91,667 $3,117 3.29%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $265,000 $265,000 $2,812 3.13%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $265,000 $265,000 $8,152 3.49%
NEW BERN, NC (FHA|USDA|VA) 1 $255,000 $255,000 $8,401 3.00%
Gaffney, SC (FHA|USDA|VA) 1 $255,000 $255,000 $3,512 3.13%
ASHEVILLE, NC (FHA|USDA|VA) 1 $245,000 $245,000 $0 2.50%
Athens, OH (FHA|USDA|VA) 1 $235,000 $235,000 $4,215 2.88%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $235,000 $235,000 $4,152 3.13%
SIOUX FALLS, SD (FHA|USDA|VA) 1 $225,000 $225,000 $2,261 2.38%
FAYETTEVILLE, NC (FHA|USDA|VA) 1 $225,000 $225,000 $2,738 2.25%
BATON ROUGE, LA (FHA|USDA|VA) 1 $215,000 $215,000 $4,028 3.25%
BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) 1 $215,000 $215,000 $7,355 2.50%
BINGHAMTON, NY (FHA|USDA|VA) 1 $195,000 $195,000 $4,998 3.00%
CASPER, WY (FHA|USDA|VA) 1 $195,000 $195,000 $3,048 2.88%
SUMTER, SC (FHA|USDA|VA) 1 $195,000 $195,000 $6,946 3.99%
Branson, MO (FHA|USDA|VA) 1 $195,000 $195,000 $3,144 3.25%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $195,000 $195,000 $4,012 3.38%
MORRISTOWN, TN (FHA|USDA|VA) 1 $195,000 $195,000 $3,509 2.88%
LAS CRUCES, NM (FHA|USDA|VA) 1 $195,000 $195,000 $1,881 2.75%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $185,000 $185,000 $1,340 2.25%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 1 $185,000 $185,000 $4,641 2.75%
Dayton, TN (FHA|USDA|VA) 1 $165,000 $165,000 $3,411 3.00%
THE VILLAGES, FL (FHA|USDA|VA) 1 $165,000 $165,000 $2,433 2.88%
TALLAHASSEE, FL (FHA|USDA|VA) 1 $155,000 $155,000 $0 4.38%
GREENVILLE, NC (FHA|USDA|VA) 1 $155,000 $155,000 $3,837 3.38%
Boone, NC (FHA|USDA|VA) 1 $145,000 $145,000 $3,218 3.00%
WHEELING, WV-OH (FHA|USDA|VA) 1 $135,000 $135,000 $3,686 2.88%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $125,000 $125,000 $0 3.63%
STAUNTON, VA (FHA|USDA|VA) 1 $115,000 $115,000 $5,179 2.25%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $115,000 $115,000 $2,382 2.75%
SPARTANBURG, SC (FHA|USDA|VA) 1 $115,000 $115,000 $3,789 2.75%
Cullman, AL (FHA|USDA|VA) 1 $105,000 $105,000 $2,792 2.75%
Roanoke Rapids, NC (FHA|USDA|VA) 1 $95,000 $95,000 $4,189 3.13%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $65,000 $65,000 $0 3.38%
Danville, VA (FHA|USDA|VA) 1 $55,000 $55,000 $3,279 3.00%

Presidential Bank Fsb's top markets include Washington, Baltimore, Richmond, Philadelphia, and Charlottesville among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 3,650 $1,257,900,000 $344,630 $4,622 3.12%
VA 632 $278,740,000 $441,044 $7,454 2.60%
FHA 289 $82,405,000 $285,138 $9,374 2.99%
USDA 74 $19,150,000 $258,784 $6,794 2.89%

For the 2021 period, Presidential Bank Fsb's most frequently originated loan type of loans were Conventional, with 3,650 originations. Their 2nd most popular type is VA, with 632 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 2,338 $845,060,000 $361,446 $6,496 3.10%
Refi 1,649 $578,855,000 $351,034 $3,855 2.92%
Cash Out Refi 657 $214,025,000 $325,761 $4,917 3.13%
Other 1 $255,000 $255,000 $3,722 3.49%

For the 2021, Presidential Bank Fsb's most frequently cited loan purpose of loans were Home Purchase, with 2,338 originations. The 2nd most popular reason of loans were Refi, with 1,649 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 4,100 $1,463,840,000 $357,034 $5,554 3.06%
15 Year 282 $77,050,000 $273,227 $3,726 2.63%
20 Year 124 $38,290,000 $308,790 $3,934 2.96%
Other 82 $26,890,000 $327,927 $4,050 3.01%
10 Year 54 $29,690,000 $549,815 $3,363 3.58%
5 Year 2 $2,280,000 $1,140,000 $0 4.75%
3 Year 1 $155,000 $155,000 $0 6.50%

For the 2021, Presidential Bank Fsb's most frequently cited loan length of loans were 30 Year, with 4,100 originations. The 2nd most popular length of loans were 15 Year, with 282 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 3,084 $1,058,960,000 $343,372
$2k-3k 398 $129,030,000 $324,196
$3k-4k 380 $147,370,000 $387,816
$<1k 322 $99,270,000 $308,292
$5k+ 235 $130,235,000 $554,191

$5,554 of loans were Presidential Bank Fsb's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 3,084 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 2,068 $728,700,000 $352,369
3-4% 1,928 $640,630,000 $332,277
<2.5% 524 $201,070,000 $383,721
4-5% 123 $67,175,000 $546,138
5-6% 1 $465,000 $465,000
6-7% 1 $155,000 $155,000

During 2021, Presidential Bank Fsb's average interest rate of loans were 3.06%, while their most frequently originated rate bucket of loans were 2.5-3%, with 2,068 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 2,258 $664,080,000 $294,101 $5,015 3.02%
$400k-600k 1,142 $556,030,000 $486,891 $6,153 3.00%
$100k-200k 743 $118,035,000 $158,863 $3,960 3.09%
$600k-1MM 338 $244,640,000 $723,787 $8,546 3.04%
$100,000 or less 125 $4,595,000 $36,760 $1,303 3.27%
$1MM+ 39 $50,815,000 $1,302,949 $13,914 3.73%

2021 saw Presidential Bank Fsb place emphasis on $200k-400k loans with 2,258 originations, totaling $664,080,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 1,092 $387,910,000 $355,229 $5,930 3.06%
$150k-250k 982 $440,890,000 $448,971 $5,799 3.07%
$50k-75k 803 $186,995,000 $232,870 $4,986 3.07%
$75k-100k 734 $215,580,000 $293,706 $5,139 3.06%
$250k+ 384 $212,680,000 $553,854 $6,197 3.07%
$50k or less 360 $60,710,000 $168,639 $4,371 3.08%

Presidential Bank Fsb lent most frequently to those with incomes in the $100k-150k range, with 1,092 originations. The second most popular income band? $150k-250k, with 982 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 1,142 $405,990,000 $355,508 $5,064 3.02%
30-36% 872 $298,980,000 $342,867 $5,380 3.09%
<20% 400 $140,550,000 $351,375 $4,579 2.99%
44% 194 $59,990,000 $309,227 $5,807 3.10%
43% 186 $55,560,000 $298,710 $5,091 3.13%
42% 170 $58,030,000 $341,353 $6,054 3.24%
41% 164 $58,250,000 $355,183 $5,768 3.10%
37% 156 $52,260,000 $335,000 $5,545 3.10%
38% 155 $53,105,000 $342,613 $5,697 3.08%
39% 154 $54,500,000 $353,896 $6,411 3.06%
40% 149 $49,925,000 $335,067 $5,648 3.11%
36% 128 $47,350,000 $369,922 $6,332 3.09%
45% 111 $35,455,000 $319,414 $6,129 3.12%
46% 94 $32,110,000 $341,596 $6,049 3.04%
49% 85 $30,145,000 $354,647 $6,242 3.04%
47% 84 $29,390,000 $349,881 $6,567 3.03%
48% 81 $31,005,000 $382,778 $6,792 3.04%
50-60% 33 $12,695,000 $384,697 $7,868 2.95%

Presidential Bank Fsb lent most frequently to those with DTI ratios of 20-30%, with 1,142 originations. The next most common DTI ratio? 30-36%, with 872 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 3,326 $1,175,740,000 $353,500 $5,282 3.01%
Not provided 736 $244,540,000 $332,255 $5,381 3.08%
Black 335 $107,655,000 $321,358 $5,891 3.10%
Asian 191 $74,475,000 $389,921 $5,416 3.01%
Not applicable 28 $26,190,000 $935,357 $0 4.74%
American Indian 19 $6,185,000 $325,526 $6,667 3.20%
Native Hawaiian 8 $2,730,000 $341,250 $6,415 2.80%
Filipino 2 $680,000 $340,000 $2,870 2.75%

Approval Rates

Total approvals of all applications
97.01%

Presidential Bank Fsb has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

Pick Rate

Approvals leading to origination
90.88%

Presidential Bank Fsb has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 4,645 $1,638,195,000 $352,679

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
4,645 $1,638,195,000 $352,679

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 164 $38,760,000 $236,341 $3,424 2.87%
40-60% 570 $177,150,000 $310,789 $3,824 2.97%
60-80% 1,605 $594,865,000 $370,632 $4,628 3.14%
80-100% 2,066 $756,340,000 $366,089 $5,958 3.01%
Over 100% 151 $67,015,000 $443,808 $14,473 2.72%
Under 20% 89 $4,065,000 $45,674 $639 3.22%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
PARKSIDE LENDING, LLC Conventional home mortgage Incorrect information on your report 1 16.7%
PARKSIDE LENDING, LLC Conventional home mortgage Struggling to pay mortgage 1 16.7%
PARKSIDE LENDING, LLC Conventional home mortgage Trouble during payment process 4 66.7%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Presidential Bank, FSB 21 Catoctin Cir Se Leesburg, VA 20175 Full Service B&M $30,198
Presidential Bank, FSB 11211 Reston Station Blvd. Reston, VA 20190 Full Service Retail $23,268
Presidential Bank, FSB 11640 Rockville Pike Rockville, MD 20852 Full Service B&M $61,517
Presidential Bank, FSB 1515 Wilson Boulevard Arlington, VA 22209 Full Service B&M $21,396
Presidential Bank, FSB 1660 K Street Washington, DC 20006 Full Service B&M $49,525
Presidential Bank, FSB 4520 East-West Highway Bethesda, MD 20814 Full Service B&M $96,961
Presidential Bank, FSB 4520 East-West Hwy Bethesda, MD 20814 Full Service Cyber Office $423,801
Presidential Bank, FSB 6707 Old Dominion Drive Mclean, VA 22101 Full Service B&M $28,641
Presidential Bank, FSB 8150 Leesburg Pike, Suite 150 Vienna, VA 22182 Full Service B&M $27,994
Presidential Bank, FSB 901 N. Stuart Street Arlington, VA 22203 Full Service B&M $14,791

For 2021, Presidential Bank Fsb had 10 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $30,316
Net interest income $25,886
Total noninterest income $43,693
Gross Fiduciary activities income $5
Service charges on deposit accounts $54
Trading account gains and fees $0
Additional Noninterest Income $43,634
Pre-tax net operating income $20,388
Securities gains (or losses, -) $-57
Income before extraordinary items $14,872
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $14,872
Minority interest net income $0
Net income $14,872
Sale, conversion, retirement of capital stock, net $0
Net operating income $14,917

Presidential Bank Fsb's gross interest income from loans was $30,316,000.
Presidential Bank Fsb's net interest income from loans was $25,886,000.
Presidential Bank Fsb's fee based income from loans was $54,000.
Presidential Bank Fsb's net income from loans was $14,872,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $4,430
Provision for credit losses $-115
Total noninterest expense $49,306
Salaries and employee benefits $35,726
Premises and equipment expense $4,328
Additional noninterest expense $9,252
Applicable income taxes $5,459
Net charge-offs $531
Cash dividends $5,675

Presidential Bank Fsb's interest expense for loans was $4,430,000.
Presidential Bank Fsb's payroll and benefits expense were $35,726,000.
Presidential Bank Fsb's property, plant and equipment expenses $4,328,000.

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 1.0%
HELOC loans 0.0%
All other family 2.0%
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 $785,094
Deposits held in domestic offices $785,094
Deposits by Individuals, partnerships, and corporations $784,642
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $0
Deposits by Commercial banks and other depository institutions in U.S. $452
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $83,603
Demand deposits $4,933
Nontransaction accounts $701,491
Money market deposit accounts (MMDAs) $457,618
Other savings deposits (excluding MMDAs) $126,205
Total time deposits $117,668
Total time and savings deposits $780,161
Noninterest-bearing deposits $37,588
Interest-bearing deposits $747,506
Retail deposits $754,397
IRAs and Keogh plan accounts $7,448
Brokered deposits $0
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $887,431
Cash & Balances due from depository institutions $269,995
Interest-bearing balances $266,351
Total securities $55,239
Federal funds sold & reverse repurchase $0
Net loans and leases $529,814
Loan and leases loss allowance $8,047
Trading account assets $0
Bank premises and fixed assets $3,398
Other real estate owned $0
Goodwill and other intangibles $0
All other assets $28,985

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $887,431
Total Liabilities $795,422
Total deposits $785,094
Interest-bearing deposits $747,506
Deposits held in domestic offices $785,094
% insured (estimated) $79
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $10,328

Issued Loan Types

Type Value (in 000's)
Net loans and leases $529,814
Loan and leases loss allowance $8,047
Total loans and leases (domestic) $537,861
All real estate loans $432,961
Real estate loans in domestic offices $432,961
Construction and development loans $51,439
Residential 1-4 family construction $42,134
Other construction, all land development and other land $9,305
Loans secured by nonfarm nonresidential properties $201,560
Nonfarm nonresidential secured by owner-occupied properties $4,634
Commercial real estate & other non-farm, non-residential $196,926
Multifamily residential real estate $34,755
1-4 family residential loans $145,207
Farmland loans $0
Loans held in foreign offices $0
Farm loans $0
Commercial and industrial loans $68,468
To non-U.S. addressees $0
Loans to individuals $28,234
Credit card loans $0
Related Plans $97
Consumer Auto Loans $2,404
Other loans to individuals $25,733
All other loans & leases $8,198
Loans to foreign governments and official institutions $0
Other loans $1,154
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 $4,236
Non 1-4 family restructured loans & leases $4,236
Total loans and leases (foreign) $0

Presidential Bank FSB had $529,814,000 of loans outstanding in 2021. $432,961,000 of loans were in real estate loans. $51,439,000 of loans were in development loans. $34,755,000 of loans were in multifamily mortgage loans. $145,207,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $2,404,000 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 62 $30,383 $490,048
Nonfarm, nonresidential loans - <$100k 5 $34 $6,800
Nonfarm, nonresidential loans - $100-250k 4 $551 $137,750
Nonfarm, nonresidential loans - $250k-1MM 53 $29,798 $562,226
Commercial & Industrial, US addressed loans - <$1MM 304 $42,542 $139,941
Commercial & Industrial, US addressed loans - <$100k 157 $6,656 $42,395
Commercial & Industrial, US addressed loans - $100-250k 84 $11,777 $140,202
Commercial & Industrial, US addressed loans - $250k-1MM 63 $24,109 $382,683