Stoughton Co-operative Bank Mortgage Rates, Fees & Info
Stoughton, MALEI: 54930083CVF047DLXL67
Tax ID: 04-1875980
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Mortgage Data
Bank Data
Review & Overview
Stoughton Co-operative Bank is a smaller bank specializing in Home Purchase loans. Stoughton Co-operative Bank has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Providence, Barnstable Town, and Portland among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Stoughton Co-operative Bank has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.
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Originations
71Origination Dollar Volume (All Markets)
$14,515,000Employee count
22Top 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 |
|---|---|---|---|---|---|
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 58 | $11,740,000 | $202,414 | $0 | 0.00% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 11 | $2,085,000 | $189,545 | $0 | 0.00% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $0 | 0.00% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 71 | $14,515,000 | $204,437 | $0 | 0.00% |
For 2018, Stoughton Co-operative Bank's most frequently originated type of loan was Conventional, with 71 originations.
Loan Reason
For 2018, Stoughton Co-operative Bank's most frequently cited loan purpose was Home Purchase, with 30 originations. The 2nd most popular reason was Home Improvement, with 21 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 71 | $14,515,000 | $204,437 | $0 | 0.00% |
For 2018, Stoughton Co-operative Bank's most frequently cited loan duration was Other, with 71 originations.
Loan Sizing
2018 saw Stoughton Co-operative Bank place emphasis on $100,000 or less loans with 25 originations, totaling $1,055,000 in origination value.
Applicant Income
Stoughton Co-operative Bank lent most frequently to those with incomes in the $150k-250k range, with 17 originations. The second most popular income band? $100k-150k, with 16 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 71 | $14,515,000 | $204,437 | $0 | 0.00% |
Stoughton Co-operative Bank lent most frequently to those with DTI ratios of Exempt%, with 71 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.01%
Stoughton Co-operative Bank has an average approval rate.
Pick Rate
Approvals leading to origination92.96%
Stoughton Co-operative Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 71 | $14,515,000 | $204,437 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 2 | $1,150,000 | $575,000 |
| Single Family (1-4 Units):Site-Built | 69 | $13,365,000 | $193,696 |
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Southwest Business Corporation | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 5.3% |
| Southwest Business Corporation | VA mortgage | Trouble during payment process | 2 | 10.5% |
| Southwest Business Corporation | FHA mortgage | Incorrect information on your report | 1 | 5.3% |
| Southwest Business Corporation | FHA mortgage | Struggling to pay mortgage | 2 | 10.5% |
| Southwest Business Corporation | FHA mortgage | Trouble during payment process | 2 | 10.5% |
| Southwest Business Corporation | Other type of mortgage | Struggling to pay mortgage | 1 | 5.3% |
| Southwest Business Corporation | Other type of mortgage | Trouble during payment process | 1 | 5.3% |
| Southwest Business Corporation | VA mortgage | Struggling to pay mortgage | 3 | 15.8% |
| Southwest Business Corporation | Conventional home mortgage | Incorrect information on your report | 1 | 5.3% |
| Southwest Business Corporation | Conventional home mortgage | Struggling to pay mortgage | 2 | 10.5% |
| Southwest Business Corporation | Conventional home mortgage | Trouble during payment process | 3 | 15.8% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Stoughton Co-operative Bank | 20 Park Street Stoughton, MA 2072 | Full Service B&M | $30,787 |
| Stoughton Co-operative Bank | 950 Park Street Stoughton, MA 2072 | Full Service B&M | $68,997 |
For 2018, Stoughton Co-operative Bank had 2 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $3,817 |
| Net interest income | $2,755 |
| Total noninterest income | $211 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $39 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $172 |
| Pre-tax net operating income | $262 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $265 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $265 |
| Minority interest net income | $0 |
| Net income | $265 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $265 |
Stoughton Co-operative Bank's gross interest income from loans was $3,817,000.
Stoughton Co-operative Bank's net interest income from loans was $2,755,000.
Stoughton Co-operative Bank's fee based income from loans was $39,000.
Stoughton Co-operative Bank's net income from loans was $265,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $1,062 |
| Provision for credit losses | $0 |
| Total noninterest expense | $2,704 |
| Salaries and employee benefits | $1,555 |
| Premises and equipment expense | $332 |
| Additional noninterest expense | $817 |
| Applicable income taxes | $-3 |
| Net charge-offs | $-12 |
| Cash dividends | $0 |
Stoughton Co-operative Bank's interest expense for loans was $1,062,000.
Stoughton Co-operative Bank's payroll and benefits expense were $1,555,000.
Stoughton Co-operative Bank's property, plant and equipment expenses $332,000.
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 | $105,904 |
| Deposits held in domestic offices | $105,904 |
| Deposits by Individuals, partnerships, and corporations | $95,385 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $7 |
| Deposits by Commercial banks and other depository institutions in U.S. | $10,512 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $14,180 |
| Demand deposits | $3,051 |
| Nontransaction accounts | $91,724 |
| Money market deposit accounts (MMDAs) | $5,390 |
| Other savings deposits (excluding MMDAs) | $27,580 |
| Total time deposits | $58,754 |
| Total time and savings deposits | $102,853 |
| Noninterest-bearing deposits | $3,051 |
| Interest-bearing deposits | $102,853 |
| Retail deposits | $95,509 |
| IRAs and Keogh plan accounts | $11,681 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $115,390 |
| Cash & Balances due from depository institutions | $866 |
| Interest-bearing balances | $469 |
| Total securities | $24,983 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $83,882 |
| Loan and leases loss allowance | $640 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $1,203 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $42 |
| All other assets | $4,414 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $115,390 |
| Total Liabilities | $106,637 |
| Total deposits | $105,904 |
| Interest-bearing deposits | $102,853 |
| Deposits held in domestic offices | $105,904 |
| % insured (estimated) | $93 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $733 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $83,882 |
| Loan and leases loss allowance | $640 |
| Total loans and leases (domestic) | $84,522 |
| All real estate loans | $82,623 |
| Real estate loans in domestic offices | $82,623 |
| Construction and development loans | $1,014 |
| Residential 1-4 family construction | $1,014 |
| Other construction, all land development and other land | $0 |
| Loans secured by nonfarm nonresidential properties | $4,300 |
| Nonfarm nonresidential secured by owner-occupied properties | $3,628 |
| Commercial real estate & other non-farm, non-residential | $672 |
| Multifamily residential real estate | $282 |
| 1-4 family residential loans | $77,027 |
| Farmland loans | $0 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $325 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $1,573 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $1,309 |
| Other loans to individuals | $264 |
| All other loans & leases | $1 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $1 |
| 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 | $0 |
| Non 1-4 family restructured loans & leases | $0 |
| Total loans and leases (foreign) | $0 |
Stoughton Co-Operative Bank had $83,882,000 of loans outstanding in 2018. $82,623,000 of loans were in real estate loans. $1,014,000 of loans were in development loans. $282,000 of loans were in multifamily mortgage loans. $77,027,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $1,309,000 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 | 18 | $4,300 | $238,889 |
| Nonfarm, nonresidential loans - <$100k | 3 | $136 | $45,333 |
| Nonfarm, nonresidential loans - $100-250k | 7 | $582 | $83,143 |
| Nonfarm, nonresidential loans - $250k-1MM | 8 | $3,582 | $447,750 |
| Commercial & Industrial, US addressed loans - <$1MM | 10 | $325 | $32,500 |
| Commercial & Industrial, US addressed loans - <$100k | 10 | $325 | $32,500 |