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

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

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Mortgage Data

  • SimulatedRates™
  • Originations
  • Relative Rates
  • Relative Fees
  • 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

    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 by origination volume include: Washington, Baltimore, Richmond, Philadelphia, and Charlottesville among others. We have data for 171 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Presidential Bank Fsb has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Presidential Bank Fsb is typically an average 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 6.61% 1/29/23
    30 Year Conventional Refi 6.56% 1/29/23
    30 Year Cash-out Refi 6.64% 1/29/23
    30 Year FHA Purchase 7.35% 1/29/23
    30 Year FHA Refi 7.07% 1/29/23
    30 Year VA Purchase 6.26% 1/29/23
    30 Year VA Refi 5.98% 1/29/23
    30 Year USDA Purchase 6.69% 1/29/23
    30 Year USDA Refi 6.51% 1/29/23
    15 Year Conventional Purchase 6.13% 1/29/23
    15 Year Conventional Refi 6.11% 1/29/23
    15 Year Cash-out Refi 6.11% 1/29/23
    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.


    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 mortgage rate was 3.06%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of -0.09%.

    Relative Fees (Closing Costs)

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

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    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
    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.

    Their top states include:
  • Maryland (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)

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    Similarity Rank: 410
    HENRICO Federal Credit Union
    Similarity Rank: 420
    DUPONT COMMUNITY
    Similarity Rank: 476
    BHCU
    Similarity Rank: 504
    ABNB Federal Credit Union
    Similarity Rank: 544

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Presidential Bank Fsb's most frequently originated type of loan was Conventional, with 3,650 originations. Their 2nd most popular type was VA, with 632 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Presidential Bank Fsb's most frequently cited loan purpose was Home Purchase, with 2,338 originations. The 2nd most popular reason was 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 2021, Presidential Bank Fsb's most frequently cited loan duration was 30 Year, with 4,100 originations. The 2nd most popular length was 15 Year, with 282 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 3,084 $1,058,960,000 $343,372
    $2k-3k 398 $129,030,000 $324,196
    $<1k 322 $99,270,000 $308,292
    $5k+ 235 $130,235,000 $554,191
    $3k-4k 222 $84,590,000 $381,036
    $4k-5k 158 $62,780,000 $397,342

    Presidential Bank Fsb's average total fees were $5,554, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.06%, while their most frequently originated rate bucket for loans was 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 or Islander 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
    98.62%

    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
    90.79%

    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