Presidential Bank Fsb Mortgage Rates, Fees & Info

Bethesda, MD

LEI: 54930078TNN7GKZ7NU89

Tax ID: 52-1377663

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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    • Review & Overview

    Presidential Bank Fsb is a small bank specializing in Refi and Home Purchase loans. Presidential Bank Fsb 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.) They have a low ratio of USDA loans. Their top markets by origination volume include: Washington, Baltimore, Richmond, Philadelphia, and California among others. We have data for 149 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 6.69% 12/16/24
    30 Year Conventional Refi 7.20% 12/16/24
    30 Year Cash-out Refi 6.80% 12/16/24
    30 Year FHA Purchase 7.48% 12/16/24
    30 Year FHA Refi 7.24% 12/16/24
    30 Year VA Purchase 6.32% 12/16/24
    30 Year VA Refi 6.01% 12/16/24
    30 Year USDA Purchase 6.64% 12/16/24
    15 Year Conventional Purchase 6.05% 12/16/24
    15 Year Conventional Refi 6.16% 12/16/24
    15 Year Cash-out Refi 6.16% 12/16/24
    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.

    Presidential Bank Fsb Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Presidential Bank Fsb. 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

    5,942

    Origination Dollar Volume (All Markets)

    $2,033,090,000

    Employee count

    289 Show all (10) 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
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 2,437 $956,815,000 $392,620 $5,571 3.18%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 980 $350,540,000 $357,694 $5,068 3.10%
    RICHMOND, VA (FHA|USDA|VA) 710 $154,070,000 $217,000 $4,958 3.26%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 447 $132,605,000 $296,655 $5,709 3.16%
    CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 183 $62,375,000 $340,847 $6,432 3.24%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 167 $59,305,000 $355,120 $4,914 3.25%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 91 $31,175,000 $342,582 $4,314 2.82%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 84 $28,060,000 $334,048 $5,589 3.14%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 102 $24,210,000 $237,353 $5,411 3.21%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 68 $20,640,000 $303,529 $4,386 3.26%
    Outside of Metro Areas 87 $20,065,000 $230,632 $5,303 3.18%
    SALISBURY, MD-DE (FHA|USDA|VA) 57 $18,055,000 $316,754 $4,517 3.23%
    OCEAN CITY, NJ (FHA|USDA|VA) 30 $13,450,000 $448,333 $5,871 3.12%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 14 $6,780,000 $484,286 $4,262 2.91%
    DOVER, DE (FHA|USDA|VA) 22 $5,830,000 $265,000 $3,551 2.62%
    WINCHESTER, VA-WV (FHA|USDA|VA) 20 $5,040,000 $252,000 $6,228 3.19%
    URBAN HONOLULU, HI (FHA|USDA|VA) 7 $4,745,000 $677,857 $5,669 2.66%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 10 $4,590,000 $459,000 $5,314 3.21%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 14 $4,430,000 $316,429 $3,769 3.04%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 12 $4,070,000 $339,167 $4,392 3.18%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 16 $3,980,000 $248,750 $6,078 3.01%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 9 $3,945,000 $438,333 $7,021 3.04%
    READING, PA (FHA|USDA|VA) 18 $3,550,000 $197,222 $6,191 2.89%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 9 $3,525,000 $391,667 $5,189 2.94%
    JACKSONVILLE, FL (FHA|USDA|VA) 8 $3,520,000 $440,000 $7,972 3.19%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 5 $3,285,000 $657,000 $4,678 2.68%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 8 $3,160,000 $395,000 $5,396 3.12%
    Easton, MD (FHA|USDA|VA) 8 $3,070,000 $383,750 $4,463 3.08%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 8 $3,010,000 $376,250 $3,822 2.98%
    CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 14 $2,840,000 $202,857 $7,637 3.23%
    RALEIGH-CARY, NC (FHA|USDA|VA) 10 $2,730,000 $273,000 $4,372 3.25%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 9 $2,535,000 $281,667 $6,007 3.06%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 7 $2,475,000 $353,571 $3,341 3.07%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 7 $2,425,000 $346,429 $4,688 2.84%
    MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 5 $2,395,000 $479,000 $7,462 3.05%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 3 $2,345,000 $781,667 $6,819 2.67%
    GETTYSBURG, PA (FHA|USDA|VA) 10 $2,330,000 $233,000 $5,326 3.06%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 6 $2,050,000 $341,667 $4,950 2.96%
    Kill Devil Hills, NC (FHA|USDA|VA) 6 $1,940,000 $323,333 $4,571 3.31%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 5 $1,735,000 $347,000 $4,431 3.05%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 8 $1,700,000 $212,500 $4,574 3.17%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 6 $1,700,000 $283,333 $5,479 3.12%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 5 $1,655,000 $331,000 $2,677 2.70%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 5 $1,625,000 $325,000 $5,399 2.88%
    FAYETTEVILLE, NC (FHA|USDA|VA) 6 $1,580,000 $263,333 $4,895 2.90%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 3 $1,555,000 $518,333 $4,430 2.75%
    YORK-HANOVER, PA (FHA|USDA|VA) 5 $1,545,000 $309,000 $4,320 3.15%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 6 $1,510,000 $251,667 $3,355 3.04%
    Pinehurst-Southern Pines, NC (FHA|USDA|VA) 5 $1,485,000 $297,000 $4,732 3.18%
    LYNCHBURG, VA (FHA|USDA|VA) 4 $1,480,000 $370,000 $3,865 3.31%
    WILMINGTON, NC (FHA|USDA|VA) 4 $1,400,000 $350,000 $6,172 3.19%
    BOULDER, CO (FHA|USDA|VA) 2 $1,370,000 $685,000 $3,519 3.31%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 4 $1,360,000 $340,000 $4,767 2.56%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 3 $1,355,000 $451,667 $6,571 3.08%
    ROANOKE, VA (FHA|USDA|VA) 4 $1,290,000 $322,500 $4,129 3.09%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 3 $1,255,000 $418,333 $2,940 2.83%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 4 $1,220,000 $305,000 $3,442 2.88%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 3 $1,215,000 $405,000 $2,289 2.54%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 5 $1,205,000 $241,000 $3,284 3.10%
    COLUMBIA, SC (FHA|USDA|VA) 6 $1,170,000 $195,000 $4,369 3.08%
    Concord, NH (FHA|USDA|VA) 3 $1,145,000 $381,667 $2,826 2.83%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 3 $1,045,000 $348,333 $4,383 3.04%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 4 $1,020,000 $255,000 $2,929 3.19%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 4 $1,020,000 $255,000 $4,932 3.00%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 3 $975,000 $325,000 $3,517 2.67%
    BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) 2 $920,000 $460,000 $4,773 2.44%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 2 $910,000 $455,000 $5,886 2.69%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 4 $890,000 $222,500 $6,364 3.19%
    BOISE CITY, ID (FHA|USDA|VA) 2 $890,000 $445,000 $2,612 2.63%
    MORGANTOWN, WV (FHA|USDA|VA) 3 $875,000 $291,667 $3,412 3.71%
    PANAMA CITY, FL (FHA|USDA|VA) 3 $855,000 $285,000 $3,913 2.79%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 3 $845,000 $281,667 $5,339 3.21%
    COLUMBUS, OH (FHA|USDA|VA) 3 $835,000 $278,333 $4,414 3.00%
    PITTSBURGH, PA (FHA|USDA|VA) 3 $805,000 $268,333 $3,090 3.21%
    Keene, NH (FHA|USDA|VA) 2 $790,000 $395,000 $2,587 3.06%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 2 $770,000 $385,000 $5,114 3.12%
    KNOXVILLE, TN (FHA|USDA|VA) 2 $750,000 $375,000 $3,389 3.13%
    MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 2 $750,000 $375,000 $11,951 2.75%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $720,000 $360,000 $3,437 2.87%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 2 $720,000 $360,000 $3,215 3.31%
    LANCASTER, PA (FHA|USDA|VA) 1 $705,000 $705,000 $22,421 3.38%
    THE VILLAGES, FL (FHA|USDA|VA) 2 $690,000 $345,000 $3,689 3.56%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 3 $675,000 $225,000 $3,304 2.88%
    GREENVILLE, NC (FHA|USDA|VA) 2 $640,000 $320,000 $7,262 3.31%
    Key West, FL (FHA|USDA|VA) 2 $620,000 $310,000 $3,425 2.75%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $595,000 $595,000 $3,125 2.75%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 2 $590,000 $295,000 $3,409 3.00%
    SYRACUSE, NY (FHA|USDA|VA) 2 $580,000 $290,000 $7,437 3.44%
    STAUNTON, VA (FHA|USDA|VA) 2 $570,000 $285,000 $5,851 3.75%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $570,000 $285,000 $5,475 3.13%
    VALDOSTA, GA (FHA|USDA|VA) 2 $560,000 $280,000 $5,571 2.75%
    BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 3 $545,000 $181,667 $3,174 3.58%
    HUNTSVILLE, AL (FHA|USDA|VA) 2 $520,000 $260,000 $5,666 2.44%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $515,000 $515,000 $10,490 3.38%
    Morehead City, NC (FHA|USDA|VA) 1 $515,000 $515,000 $5,906 2.88%
    St. Marys, GA (FHA|USDA|VA) 2 $510,000 $255,000 $1,807 2.75%
    SALINAS, CA (FHA|USDA|VA) 1 $485,000 $485,000 $0 2.75%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $445,000 $445,000 $1,507 2.25%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $415,000 $415,000 $2,468 3.38%
    SPRINGFIELD, MA (FHA|USDA|VA) 1 $385,000 $385,000 $12,939 2.75%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 1 $375,000 $375,000 $1,537 2.63%
    GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $365,000 $365,000 $3,937 3.50%
    Oak Harbor, WA (FHA|USDA|VA) 1 $345,000 $345,000 $0 2.25%
    JACKSON, MS (FHA|USDA|VA) 1 $345,000 $345,000 $8,748 2.38%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $335,000 $335,000 $3,382 2.75%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $325,000 $325,000 $0 2.75%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $325,000 $325,000 $2,772 2.50%
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 1 $315,000 $315,000 $2,654 2.88%
    Sayre, PA (FHA|USDA|VA) 1 $305,000 $305,000 $4,346 3.38%
    WARNER ROBINS, GA (FHA|USDA|VA) 1 $305,000 $305,000 $3,683 2.75%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 1 $305,000 $305,000 $5,483 2.75%
    BOWLING GREEN, KY (FHA|USDA|VA) 1 $295,000 $295,000 $8,741 2.75%
    Palatka, FL (FHA|USDA|VA) 1 $285,000 $285,000 $4,915 2.75%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $285,000 $285,000 $3,552 2.75%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $285,000 $285,000 $4,471 3.25%
    SALT LAKE CITY, UT (FHA|USDA|VA) 1 $285,000 $285,000 $3,312 3.00%
    Danville, VA (FHA|USDA|VA) 1 $285,000 $285,000 $3,368 2.99%
    TEXARKANA, TX-AR (FHA|USDA|VA) 1 $285,000 $285,000 $14,313 2.88%
    JACKSONVILLE, NC (FHA|USDA|VA) 1 $285,000 $285,000 $0 4.12%
    HARRISONBURG, VA (FHA|USDA|VA) 1 $275,000 $275,000 $3,528 3.38%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $275,000 $275,000 $0 3.25%
    NEW BERN, NC (FHA|USDA|VA) 2 $270,000 $135,000 $2,821 3.56%
    LAS CRUCES, NM (FHA|USDA|VA) 1 $255,000 $255,000 $2,793 2.63%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 1 $255,000 $255,000 $2,574 2.63%
    OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 1 $255,000 $255,000 $7,507 2.25%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $245,000 $245,000 $2,003 2.75%
    Georgetown, SC (FHA|USDA|VA) 1 $245,000 $245,000 $3,068 2.88%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $235,000 $235,000 $2,684 2.25%
    SANTA FE, NM (FHA|USDA|VA) 1 $235,000 $235,000 $4,352 3.25%
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 1 $225,000 $225,000 $3,684 2.99%
    COLUMBUS, GA-AL (FHA|USDA|VA) 1 $225,000 $225,000 $11,040 2.88%
    SAVANNAH, GA (FHA|USDA|VA) 1 $225,000 $225,000 $4,148 3.38%
    VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 1 $225,000 $225,000 $10,916 2.75%
    Lebanon, NH-VT (FHA|USDA|VA) 1 $215,000 $215,000 $6,045 3.00%
    Mountain Home, ID (FHA|USDA|VA) 1 $205,000 $205,000 $9,129 2.50%
    KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $205,000 $205,000 $3,181 2.75%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $195,000 $195,000 $3,234 3.25%
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) 1 $195,000 $195,000 $3,857 2.95%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $185,000 $185,000 $0 3.25%
    ALTOONA, PA (FHA|USDA|VA) 1 $185,000 $185,000 $6,708 3.75%
    Pottsville, PA (FHA|USDA|VA) 1 $175,000 $175,000 $3,728 3.13%
    BELLINGHAM, WA (FHA|USDA|VA) 1 $165,000 $165,000 $3,371 3.88%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $165,000 $165,000 $5,237 4.12%
    OCALA, FL (FHA|USDA|VA) 1 $165,000 $165,000 $4,202 3.38%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $155,000 $155,000 $3,532 3.25%
    TUCSON, AZ (FHA|USDA|VA) 1 $135,000 $135,000 $0 2.75%
    Clovis, NM (FHA|USDA|VA) 1 $135,000 $135,000 $2,035 2.75%
    Henderson, NC (FHA|USDA|VA) 1 $105,000 $105,000 $3,428 2.50%
    AKRON, OH (FHA|USDA|VA) 1 $95,000 $95,000 $0 4.75%
    Presidential Bank Fsb's top markets include Washington, Baltimore, Richmond, Philadelphia, and California among others.

    Their top states include:
  • Maryland (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • District of Columbia (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)

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    We use machine learning to identify the top lenders compared against Presidential Bank FSB based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 4,495 $1,503,305,000 $334,439 $4,676 3.25%
    VA 950 $401,530,000 $422,663 $6,995 2.77%
    FHA 379 $99,445,000 $262,388 $8,585 3.14%
    USDA 118 $28,810,000 $244,153 $6,696 2.99%

    For 2020, Presidential Bank Fsb's most frequently originated type of loan was Conventional, with 4,495 originations. Their 2nd most popular type was VA, with 950 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 2,720 $987,480,000 $363,044 $4,131 3.07%
    Home Purchase 2,649 $856,565,000 $323,354 $6,695 3.22%
    Cash Out Refi 573 $189,045,000 $329,921 $4,779 3.32%

    For 2020, Presidential Bank Fsb's most frequently cited loan purpose was Refi, with 2,720 originations. The 2nd most popular reason was Home Purchase, with 2,649 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 5,293 $1,837,605,000 $347,176 $5,515 3.19%
    15 Year 388 $110,750,000 $285,438 $3,837 2.86%
    20 Year 129 $42,975,000 $333,140 $4,177 3.16%
    Other 106 $37,390,000 $352,736 $4,223 3.19%
    10 Year 25 $3,915,000 $156,600 $2,936 1.83%
    30+ year 1 $455,000 $455,000 $9,905 4.75%

    For 2020, Presidential Bank Fsb's most frequently cited loan duration was 30 Year, with 5,293 originations. The 2nd most popular length was 15 Year, with 388 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 3,992 $1,335,280,000 $334,489
    $2k-3k 457 $144,085,000 $315,284
    $<1k 455 $152,915,000 $336,077
    $5k+ 359 $183,085,000 $509,986
    $3k-4k 269 $91,785,000 $341,208
    $4k-5k 166 $63,120,000 $380,241

    Presidential Bank Fsb's average total fees were $5,515, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 3,992 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 2,913 $991,875,000 $340,499
    2.5-3% 2,385 $807,705,000 $338,660
    <2.5% 412 $161,140,000 $391,117
    4-5% 215 $67,905,000 $315,837
    5-6% 16 $4,390,000 $274,375
    6-7% 1 $75,000 $75,000

    During 2020, Presidential Bank Fsb's average interest rate for loans was 3.19%, while their most frequently originated rate bucket for loans was 3-4%, with 2,913 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 3,022 $893,940,000 $295,811 $5,097 3.14%
    $400k-600k 1,558 $739,880,000 $474,891 $5,831 3.13%
    $100k-200k 864 $140,530,000 $162,650 $4,234 3.23%
    $600k-1MM 312 $219,890,000 $704,776 $8,778 3.12%
    $100,000 or less 160 $6,580,000 $41,125 $2,270 3.43%
    $1MM+ 26 $32,270,000 $1,241,154 $13,448 3.36%

    2020 saw Presidential Bank Fsb place emphasis on $200k-400k loans with 3,022 originations, totaling $893,940,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,326 $458,440,000 $345,732 $5,550 3.22%
    $150k-250k 1,296 $540,560,000 $417,099 $5,554 3.20%
    $75k-100k 964 $278,900,000 $289,315 $5,551 3.20%
    $50k-75k 940 $216,710,000 $230,543 $5,197 3.20%
    $50k or less 526 $120,150,000 $228,422 $4,543 3.05%
    $250k+ 481 $244,135,000 $507,557 $5,933 3.24%

    Presidential Bank Fsb lent most frequently to those with incomes in the $100k-150k range, with 1,326 originations. The second most popular income band? $150k-250k, with 1,296 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,515 $524,415,000 $346,149 $5,109 3.19%
    30-36% 1,053 $358,755,000 $340,698 $5,651 3.22%
    <20% 618 $212,950,000 $344,579 $4,345 3.11%
    44% 241 $73,325,000 $304,253 $5,890 3.30%
    43% 209 $62,805,000 $300,502 $5,646 3.25%
    41% 201 $64,655,000 $321,667 $5,468 3.26%
    40% 192 $62,100,000 $323,438 $5,839 3.27%
    42% 182 $55,520,000 $305,055 $6,017 3.26%
    38% 182 $61,610,000 $338,516 $6,088 3.23%
    36% 179 $58,215,000 $325,223 $5,260 3.22%
    39% 179 $58,175,000 $325,000 $6,068 3.33%
    37% 175 $55,485,000 $317,057 $5,348 3.26%
    45% 126 $43,600,000 $346,032 $6,251 3.11%
    49% 102 $32,730,000 $320,882 $6,453 3.16%
    47% 92 $28,940,000 $314,565 $6,441 3.24%
    46% 71 $23,665,000 $333,310 $6,081 3.17%
    48% 63 $20,485,000 $325,159 $7,698 3.18%
    50-60% 15 $4,865,000 $324,333 $8,060 3.18%

    Presidential Bank Fsb lent most frequently to those with DTI ratios of 20-30%, with 1,515 originations. The next most common DTI ratio? 30-36%, with 1,053 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 4,595 $1,582,565,000 $344,410 $5,252 3.16%
    Not provided 728 $249,840,000 $343,187 $5,400 3.18%
    Black 357 $114,555,000 $320,882 $6,228 3.22%
    Asian 243 $79,315,000 $326,399 $5,487 3.13%
    American Indian 9 $2,535,000 $281,667 $4,823 3.01%
    Chinese 4 $2,000,000 $500,000 $3,257 3.13%
    Native Hawaiian or Islander 3 $1,225,000 $408,333 $13,064 2.83%
    Other Asian 1 $575,000 $575,000 $10,538 3.50%
    Other Pacific Islander 1 $245,000 $245,000 $13,399 2.88%
    Asian Indian 1 $235,000 $235,000 $3,679 2.99%

    Approval Rates

    Total approvals of all applications
    98.07%

    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 5,942 $2,033,090,000 $342,156

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 4 $430,000 $107,500
    Single Family (1-4 Units):Site-Built 5,938 $2,032,660,000 $342,314

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 173 $41,525,000 $240,029 $3,753 3.07%
    40-60% 612 $194,100,000 $317,157 $3,684 3.08%
    60-80% 1,986 $703,280,000 $354,119 $4,471 3.23%
    80-100% 2,894 $1,018,580,000 $351,963 $6,079 3.15%
    Over 100% 182 $73,920,000 $406,154 $11,548 2.94%
    Under 20% 95 $1,685,000 $17,737 $1,588 3.21%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    PARKSIDE LENDING, LLC Conventional home mortgage Trouble during payment process 1 33.3%
    PARKSIDE LENDING, LLC FHA mortgage Trouble during payment process 2 66.7%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Presidential Bank, FSB 11640 Rockville Pike Rockville, MD 20852 Full Service B&M $52,197
    Presidential Bank, FSB 1515 Wilson Boulevard Arlington, VA 22209 Full Service B&M $18,063
    Presidential Bank, FSB 1660 K Street Washington, DC 20006 Full Service B&M $47,521
    Presidential Bank, FSB 1675 Reston Pkwy Reston, VA 20194 Full Service Retail $17,630
    Presidential Bank, FSB 21 Catoctin Cir Se Leesburg, VA 20175 Full Service B&M $22,981
    Presidential Bank, FSB 4520 East-West Highway Bethesda, MD 20814 Full Service B&M $80,690
    Presidential Bank, FSB 4520 East-West Hwy Bethesda, MD 20814 Full Service Cyber Office $300,061
    Presidential Bank, FSB 6707 Old Dominion Drive Mclean, VA 22101 Full Service B&M $27,505
    Presidential Bank, FSB 8150 Leesburg Pike, Suite 150 Vienna, VA 22182 Full Service B&M $26,612
    Presidential Bank, FSB 901 N. Stuart Street Arlington, VA 22203 Full Service B&M $12,813

    For 2020, Presidential Bank Fsb had 10 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $29,583
    Net interest income $24,242
    Total noninterest income $64,731
    Gross Fiduciary activities income $5
    Service charges on deposit accounts $54
    Trading account gains and fees $0
    Additional Noninterest Income $64,672
    Pre-tax net operating income $27,488
    Securities gains (or losses, -) $-6
    Income before extraordinary items $19,966
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $19,966
    Minority interest net income $0
    Net income $19,966
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $19,970

    Presidential Bank Fsb's gross interest income from loans was $29,583,000.
    Presidential Bank Fsb's net interest income from loans was $24,242,000.
    Presidential Bank Fsb's fee based income from loans was $54,000.
    Presidential Bank Fsb's net income from loans was $19,966,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $5,341
    Provision for credit losses $3,075
    Total noninterest expense $58,410
    Salaries and employee benefits $45,879
    Premises and equipment expense $4,297
    Additional noninterest expense $8,234
    Applicable income taxes $7,516
    Net charge-offs $539
    Cash dividends $1,400

    Presidential Bank Fsb's interest expense for loans was $5,341,000.
    Presidential Bank Fsb's payroll and benefits expense were $45,879,000.
    Presidential Bank Fsb's property, plant and equipment expenses $4,297,000.

    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 $715,308
    Deposits held in domestic offices $715,308
    Deposits by Individuals, partnerships, and corporations $714,327
    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. $981
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $75,319
    Demand deposits $4,085
    Nontransaction accounts $639,989
    Money market deposit accounts (MMDAs) $410,299
    Other savings deposits (excluding MMDAs) $108,119
    Total time deposits $121,571
    Total time and savings deposits $711,223
    Noninterest-bearing deposits $31,010
    Interest-bearing deposits $684,298
    Retail deposits $683,173
    IRAs and Keogh plan accounts $6,282
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $816,519
    Cash & Balances due from depository institutions $122,827
    Interest-bearing balances $120,552
    Total securities $29,335
    Federal funds sold & reverse repurchase $0
    Net loans and leases $627,458
    Loan and leases loss allowance $8,693
    Trading account assets $0
    Bank premises and fixed assets $3,174
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $33,725

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $816,519
    Total Liabilities $732,968
    Total deposits $715,308
    Interest-bearing deposits $684,298
    Deposits held in domestic offices $715,308
    % insured (estimated) $82
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $17,660

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $627,458
    Loan and leases loss allowance $8,693
    Total loans and leases (domestic) $636,151
    All real estate loans $556,919
    Real estate loans in domestic offices $556,919
    Construction and development loans $48,854
    Residential 1-4 family construction $29,494
    Other construction, all land development and other land $19,360
    Loans secured by nonfarm nonresidential properties $187,217
    Nonfarm nonresidential secured by owner-occupied properties $5,031
    Commercial real estate & other non-farm, non-residential $182,186
    Multifamily residential real estate $36,067
    1-4 family residential loans $284,781
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $42,936
    To non-U.S. addressees $0
    Loans to individuals $28,110
    Credit card loans $0
    Related Plans $77
    Consumer Auto Loans $0
    Other loans to individuals $28,033
    All other loans & leases $8,186
    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 $5,657
    Non 1-4 family restructured loans & leases $4,936
    Total loans and leases (foreign) $0

    Presidential Bank FSB had $627,458,000 of loans outstanding in 2020. $556,919,000 of loans were in real estate loans. $48,854,000 of loans were in development loans. $36,067,000 of loans were in multifamily mortgage loans. $284,781,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $0 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 51 $25,196 $494,039
    Nonfarm, nonresidential loans - <$100k 1 $49 $49,000
    Nonfarm, nonresidential loans - $100-250k 5 $823 $164,600
    Nonfarm, nonresidential loans - $250k-1MM 45 $24,324 $540,533
    Commercial & Industrial, US addressed loans - <$1MM 264 $28,569 $108,216
    Commercial & Industrial, US addressed loans - <$100k 182 $4,154 $22,824
    Commercial & Industrial, US addressed loans - $100-250k 24 $3,161 $131,708
    Commercial & Industrial, US addressed loans - $250k-1MM 58 $21,254 $366,448