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 Refi loans. Stoughton Co-operative Bank has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Providence, Barnstable Town, and Worcester 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 above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
84Origination Dollar Volume (All Markets)
$29,150,000Employee count
20Top 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 | $19,360,000 | $333,793 | $0 | 0.00% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 20 | $7,680,000 | $384,000 | $0 | 0.00% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 5 | $1,845,000 | $369,000 | $0 | 0.00% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 84 | $29,150,000 | $347,024 | $0 | 0.00% |
For 2021, Stoughton Co-operative Bank's most frequently originated type of loan was Conventional, with 84 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 72 | $24,440,000 | $339,444 | $0 | 0.00% |
| Home Purchase | 11 | $4,695,000 | $426,818 | $0 | 0.00% |
| Home Improvement | 1 | $15,000 | $15,000 | $0 | 0.00% |
For 2021, Stoughton Co-operative Bank's most frequently cited loan purpose was Refi, with 72 originations. The 2nd most popular reason was Home Purchase, with 11 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 84 | $29,150,000 | $347,024 | $0 | 0.00% |
For 2021, Stoughton Co-operative Bank's most frequently cited loan duration was Other, with 84 originations.
Loan Sizing
2021 saw Stoughton Co-operative Bank place emphasis on $200k-400k loans with 41 originations, totaling $11,685,000 in origination value.
Applicant Income
Stoughton Co-operative Bank lent most frequently to those with incomes in the $100k-150k range, with 19 originations. The second most popular income band? $75k-100k, with 18 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 84 | $29,150,000 | $347,024 | $0 | 0.00% |
Stoughton Co-operative Bank lent most frequently to those with DTI ratios of Exempt%, with 84 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.74%
Stoughton Co-operative Bank has an average approval rate.
Pick Rate
Approvals leading to origination86.90%
Stoughton Co-operative Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 84 | $29,150,000 | $347,024 |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Stockton Mortgage Corporation | Conventional home mortgage | Trouble during payment process | 6 | 85.7% |
| Stockton Mortgage Corporation | FHA mortgage | Trouble during payment process | 1 | 14.3% |
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 | $46,899 |
| Stoughton Co-Operative Bank | 950 Park St Stoughton, MA 2072 | Full Service B&M | $67,634 |
For 2021, Stoughton Co-operative Bank had 2 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $3,587 |
| Net interest income | $2,929 |
| Total noninterest income | $398 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $41 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $357 |
| Pre-tax net operating income | $515 |
| Securities gains (or losses, -) | $83 |
| Income before extraordinary items | $505 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $505 |
| Minority interest net income | $0 |
| Net income | $505 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $435 |
Stoughton Co-operative Bank's gross interest income from loans was $3,587,000.
Stoughton Co-operative Bank's net interest income from loans was $2,929,000.
Stoughton Co-operative Bank's fee based income from loans was $41,000.
Stoughton Co-operative Bank's net income from loans was $505,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $658 |
| Provision for credit losses | $30 |
| Total noninterest expense | $2,782 |
| Salaries and employee benefits | $1,582 |
| Premises and equipment expense | $342 |
| Additional noninterest expense | $858 |
| Applicable income taxes | $93 |
| Net charge-offs | $0 |
| Cash dividends | $0 |
Stoughton Co-operative Bank's interest expense for loans was $658,000.
Stoughton Co-operative Bank's payroll and benefits expense were $1,582,000.
Stoughton Co-operative Bank's property, plant and equipment expenses $342,000.
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 | $114,682 |
| Deposits held in domestic offices | $114,682 |
| Deposits by Individuals, partnerships, and corporations | $106,303 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $4 |
| Deposits by Commercial banks and other depository institutions in U.S. | $8,375 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $20,719 |
| Demand deposits | $5,932 |
| Nontransaction accounts | $93,963 |
| Money market deposit accounts (MMDAs) | $11,831 |
| Other savings deposits (excluding MMDAs) | $36,801 |
| Total time deposits | $45,331 |
| Total time and savings deposits | $108,750 |
| Noninterest-bearing deposits | $5,931 |
| Interest-bearing deposits | $108,751 |
| Retail deposits | $110,278 |
| IRAs and Keogh plan accounts | $10,945 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $126,261 |
| Cash & Balances due from depository institutions | $10,183 |
| Interest-bearing balances | $9,630 |
| Total securities | $14,820 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $96,527 |
| Loan and leases loss allowance | $674 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $1,130 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $98 |
| All other assets | $3,503 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $126,261 |
| Total Liabilities | $114,900 |
| Total deposits | $114,682 |
| Interest-bearing deposits | $108,751 |
| Deposits held in domestic offices | $114,682 |
| % insured (estimated) | $90 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $218 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $96,527 |
| Loan and leases loss allowance | $674 |
| Total loans and leases (domestic) | $97,201 |
| All real estate loans | $91,139 |
| Real estate loans in domestic offices | $91,139 |
| Construction and development loans | $543 |
| Residential 1-4 family construction | $543 |
| Other construction, all land development and other land | $0 |
| Loans secured by nonfarm nonresidential properties | $3,688 |
| Nonfarm nonresidential secured by owner-occupied properties | $2,412 |
| Commercial real estate & other non-farm, non-residential | $1,276 |
| Multifamily residential real estate | $231 |
| 1-4 family residential loans | $86,677 |
| Farmland loans | $0 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $3,380 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $2,682 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $1,900 |
| Other loans to individuals | $782 |
| All other loans & leases | $0 |
| 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 | $0 |
| Non 1-4 family restructured loans & leases | $0 |
| Total loans and leases (foreign) | $0 |
Stoughton Co-Operative Bank had $96,527,000 of loans outstanding in 2021. $91,139,000 of loans were in real estate loans. $543,000 of loans were in development loans. $231,000 of loans were in multifamily mortgage loans. $86,677,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $1,900,000 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 | 12 | $3,688 | $307,333 |
| Nonfarm, nonresidential loans - <$100k | 4 | $236 | $59,000 |
| Nonfarm, nonresidential loans - $100-250k | 2 | $219 | $109,500 |
| Nonfarm, nonresidential loans - $250k-1MM | 6 | $3,233 | $538,833 |
| Commercial & Industrial, US addressed loans - <$1MM | 46 | $3,380 | $73,478 |
| Commercial & Industrial, US addressed loans - <$100k | 36 | $1,567 | $43,528 |
| Commercial & Industrial, US addressed loans - $100-250k | 9 | $1,547 | $171,889 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 1 | $266 | $266,000 |