Presidential Bank Fsb Mortgage Rates, Fees & Info
Bethesda, MDLEI: 54930078TNN7GKZ7NU89
Tax ID: 52-1377663
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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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.69% | 6/23/24 |
| 30 Year Conventional Refi | 7.20% | 6/23/24 |
| 30 Year Cash-out Refi | 6.80% | 6/23/24 |
| 30 Year FHA Purchase | 7.48% | 6/23/24 |
| 30 Year FHA Refi | 7.24% | 6/23/24 |
| 30 Year VA Purchase | 6.32% | 6/23/24 |
| 30 Year VA Refi | 6.01% | 6/23/24 |
| 30 Year USDA Purchase | 6.64% | 6/23/24 |
| 15 Year Conventional Purchase | 6.05% | 6/23/24 |
| 15 Year Conventional Refi | 6.16% | 6/23/24 |
| 15 Year Cash-out Refi | 6.16% | 6/23/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
4,645Origination Dollar Volume (All Markets)
$1,638,195,000Employee count
269Awards
Presidential Bank FSB - 2021
Presidential Bank FSB is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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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, KY (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% |
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Product Mix
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
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
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
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
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
2021 saw Presidential Bank Fsb place emphasis on $200k-400k loans with 2,258 originations, totaling $664,080,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications98.62%
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 origination90.79%
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
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 | 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 | 21 Catoctin Cir Se Leesburg, VA 20175 | Full Service B&M | $30,198 |
| 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 |