Athol Savings Bank Mortgage Rates, Fees & Info

Athol, MA

LEI: 549300BN61BPY0L0H441

Tax ID: 04-1046670

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Athol Savings Bank is a smaller bank specializing in Home Purchase loans. Athol Savings Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Worcester, Barnstable Town, Springfield, Boston, and Keene among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Athol Savings Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

    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.

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    Originations

    150

    Origination Dollar Volume (All Markets)

    $22,140,000

    Employee count

    92

    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
    WORCESTER, MA-CT (FHA|USDA|VA) 130 $18,350,000 $141,154 $0 0.00%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 2 $1,710,000 $855,000 $0 0.00%
    SPRINGFIELD, MA (FHA|USDA|VA) 10 $1,040,000 $104,000 $0 0.00%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 4 $720,000 $180,000 $0 0.00%
    Keene, NH (FHA|USDA|VA) 4 $320,000 $80,000 $0 0.00%
    Athol Savings Bank's top markets include Worcester, Barnstable Town, Springfield, Boston, and Keene among others.

    Their top states include:
  • Massachusetts (FHA|USDA|VA)
  • New Hampshire (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 147 $21,495,000 $146,224 $0 0.00%
    USDA 3 $645,000 $215,000 $0 0.00%

    For 2018, Athol Savings Bank's most frequently originated type of loan was Conventional, with 147 originations. Their 2nd most popular type was USDA, with 3 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 70 $14,830,000 $211,857 $0 0.00%
    Cash Out Refi 31 $4,035,000 $130,161 $0 0.00%
    Other 24 $1,620,000 $67,500 $0 0.00%
    Home Improvement 17 $565,000 $33,235 $0 0.00%
    Refi 8 $1,090,000 $136,250 $0 0.00%

    For 2018, Athol Savings Bank's most frequently cited loan purpose was Home Purchase, with 70 originations. The 2nd most popular reason was Cash Out Refi, with 31 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 150 $22,140,000 $147,600 $0 0.00%

    For 2018, Athol Savings Bank's most frequently cited loan duration was Other, with 150 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 61 $2,945,000 $48,279 $0 0.00%
    $100k-200k 48 $6,890,000 $143,542 $0 0.00%
    $200k-400k 36 $9,350,000 $259,722 $0 0.00%
    $400k-600k 4 $1,750,000 $437,500 $0 0.00%
    $1MM+ 1 $1,205,000 $1,205,000 $0 0.00%

    2018 saw Athol Savings Bank place emphasis on $100,000 or less loans with 61 originations, totaling $2,945,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 36 $4,480,000 $124,444 $0 0.00%
    $50k-75k 33 $3,645,000 $110,455 $0 0.00%
    $100k-150k 26 $4,740,000 $182,308 $0 0.00%
    $150k-250k 22 $4,160,000 $189,091 $0 0.00%
    $50k or less 21 $1,435,000 $68,333 $0 0.00%
    $250k+ 5 $2,245,000 $449,000 $0 0.00%

    Athol Savings Bank lent most frequently to those with incomes in the $75k-100k range, with 36 originations. The second most popular income band? $50k-75k, with 33 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 150 $22,140,000 $147,600 $0 0.00%

    Athol Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 150 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 140 $20,550,000 $146,786 $0 0.00%
    Not provided 7 $835,000 $119,286 $0 0.00%
    Not applicable 2 $620,000 $310,000 $0 0.00%
    American Indian 1 $135,000 $135,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    80.52%

    Athol Savings Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    78.67%

    Athol Savings Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 150 $22,140,000 $147,600

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 3 $785,000 $261,667
    Single Family (1-4 Units):Manufactured 2 $80,000 $40,000
    Single Family (1-4 Units):Site-Built 145 $21,275,000 $146,724

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Athol Savings Bank 112 Central Street Winchendon, MA 1475 Full Service B&M $46,807
    Athol Savings Bank 1499 Main Street Athol, MA 1331 Full Service B&M $28,090
    Athol Savings Bank 196 Timpany Boulevard Gardner, MA 1440 Full Service B&M $56,498
    Athol Savings Bank 22 Elm Street Baldwinville, MA 1436 Full Service B&M $29,207
    Athol Savings Bank 388 Main Street Athol, MA 1331 Full Service B&M $0
    Athol Savings Bank 388 Main Street Athol, MA 1331 Full Service B&M $96,973
    Athol Savings Bank 52 Main Street Ashburnham, MA 1430 Full Service B&M $45,809
    Athol Savings Bank 560 Summer Street Barre, MA 1005 Full Service B&M $33,230

    For 2018, Athol Savings Bank had 8 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $14,216
    Net interest income $11,684
    Total noninterest income $3,924
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $2,063
    Trading account gains and fees $0
    Additional Noninterest Income $1,861
    Pre-tax net operating income $2,815
    Securities gains (or losses, -) $390
    Income before extraordinary items $2,701
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,701
    Minority interest net income $0
    Net income $2,701
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,373

    Athol Savings Bank's gross interest income from loans was $14,216,000.
    Athol Savings Bank's net interest income from loans was $11,684,000.
    Athol Savings Bank's fee based income from loans was $2,063,000.
    Athol Savings Bank's net income from loans was $2,701,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,532
    Provision for credit losses $495
    Total noninterest expense $12,298
    Salaries and employee benefits $6,939
    Premises and equipment expense $1,426
    Additional noninterest expense $3,933
    Applicable income taxes $504
    Net charge-offs $84
    Cash dividends $0

    Athol Savings Bank's interest expense for loans was $2,532,000.
    Athol Savings Bank's payroll and benefits expense were $6,939,000.
    Athol Savings Bank's property, plant and equipment expenses $1,426,000.

    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 $352,783
    Deposits held in domestic offices $352,783
    Deposits by Individuals, partnerships, and corporations $346,891
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $5,892
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $144,313
    Demand deposits $48,866
    Nontransaction accounts $208,470
    Money market deposit accounts (MMDAs) $40,313
    Other savings deposits (excluding MMDAs) $44,494
    Total time deposits $123,663
    Total time and savings deposits $303,917
    Noninterest-bearing deposits $48,866
    Interest-bearing deposits $303,917
    Retail deposits $306,882
    IRAs and Keogh plan accounts $22,833
    Brokered deposits $13,164
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $441,932
    Cash & Balances due from depository institutions $14,283
    Interest-bearing balances $9,321
    Total securities $96,871
    Federal funds sold & reverse repurchase $4,513
    Net loans and leases $303,606
    Loan and leases loss allowance $2,956
    Trading account assets $0
    Bank premises and fixed assets $5,742
    Other real estate owned $20
    Goodwill and other intangibles $8
    All other assets $16,889

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $441,932
    Total Liabilities $385,741
    Total deposits $352,783
    Interest-bearing deposits $303,917
    Deposits held in domestic offices $352,783
    % insured (estimated) $89
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $29,000
    Subordinated debt $0
    All other liabilities $3,958

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $303,606
    Loan and leases loss allowance $2,956
    Total loans and leases (domestic) $306,562
    All real estate loans $282,530
    Real estate loans in domestic offices $282,530
    Construction and development loans $2,834
    Residential 1-4 family construction $1,508
    Other construction, all land development and other land $1,326
    Loans secured by nonfarm nonresidential properties $43,113
    Nonfarm nonresidential secured by owner-occupied properties $2,575
    Commercial real estate & other non-farm, non-residential $40,538
    Multifamily residential real estate $4,002
    1-4 family residential loans $232,266
    Farmland loans $315
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $6,571
    To non-U.S. addressees $0
    Loans to individuals $17,461
    Credit card loans $0
    Related Plans $356
    Consumer Auto Loans $15,150
    Other loans to individuals $1,955
    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

    Athol Savings Bank had $303,606,000 of loans outstanding in 2018. $282,530,000 of loans were in real estate loans. $2,834,000 of loans were in development loans. $4,002,000 of loans were in multifamily mortgage loans. $232,266,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $15,150,000 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 70 $13,523 $193,186
    Nonfarm, nonresidential loans - <$100k 22 $861 $39,136
    Nonfarm, nonresidential loans - $100-250k 23 $3,065 $133,261
    Nonfarm, nonresidential loans - $250k-1MM 25 $9,597 $383,880
    Commercial & Industrial, US addressed loans - <$1MM 113 $6,293 $55,690
    Commercial & Industrial, US addressed loans - <$100k 88 $2,252 $25,591
    Commercial & Industrial, US addressed loans - $100-250k 16 $1,253 $78,313
    Commercial & Industrial, US addressed loans - $250k-1MM 9 $2,788 $309,778
    Farmland loans - <$1MM 1 $315 $315,000
    Farmland loans - $250k-1MM 1 $315 $315,000