Dean Co-operative Bank Mortgage Rates, Fees & Info
Franklin, MALEI: 549300DASRDHPPEK5V15
Tax ID: 04-1237280
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Bank Data
Review & Overview
Dean Co-operative Bank is a smaller bank specializing in Refi and Cash Out Refi loans. Dean Co-operative Bank has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Worcester, Providence, Barnstable Town, and Portland among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Dean 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.
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.
Originations
358Origination Dollar Volume (All Markets)
$92,210,000Employee count
73Top 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) | 178 | $49,970,000 | $280,730 | $0 | 0.00% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 129 | $28,475,000 | $220,736 | $0 | 0.00% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 42 | $10,320,000 | $245,714 | $0 | 0.00% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 7 | $2,625,000 | $375,000 | $0 | 0.00% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 2 | $820,000 | $410,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 358 | $92,210,000 | $257,570 | $0 | 0.00% |
For 2021, Dean Co-operative Bank's most frequently originated type of loan was Conventional, with 358 originations.
Loan Reason
For 2021, Dean Co-operative Bank's most frequently cited loan purpose was Refi, with 147 originations. The 2nd most popular reason was Cash Out Refi, with 119 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 358 | $92,210,000 | $257,570 | $0 | 0.00% |
For 2021, Dean Co-operative Bank's most frequently cited loan duration was Other, with 358 originations.
Loan Sizing
2021 saw Dean Co-operative Bank place emphasis on $200k-400k loans with 170 originations, totaling $48,810,000 in origination value.
Applicant Income
Dean Co-operative Bank lent most frequently to those with incomes in the $100k-150k range, with 103 originations. The second most popular income band? $150k-250k, with 71 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 358 | $92,210,000 | $257,570 | $0 | 0.00% |
Dean Co-operative Bank lent most frequently to those with DTI ratios of Exempt%, with 358 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.61%
Dean Co-operative Bank has an average approval rate.
Pick Rate
Approvals leading to origination79.61%
Dean Co-operative Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 358 | $92,210,000 | $257,570 |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Dean Co-Operative Bank | 21 Main St Franklin, MA 2038 | Full Service B&M | $209,364 |
| Dean Co-Operative Bank | 32 Hastings Street Mendon, MA 1756 | Full Service B&M | $28,471 |
| Dean Co-Operative Bank | 411 Pulaski Boulevard Bellingham, MA 2019 | Full Service B&M | $73,882 |
| Dean Co-Operative Bank | 8 Main Street Blackstone, MA 1504 | Full Service B&M | $76,566 |
For 2021, Dean Co-operative Bank had 4 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $12,556 |
| Net interest income | $11,945 |
| Total noninterest income | $3,674 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $656 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $3,018 |
| Pre-tax net operating income | $2,831 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $2,150 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $2,150 |
| Minority interest net income | $0 |
| Net income | $2,150 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $2,150 |
Dean Co-operative Bank's gross interest income from loans was $12,556,000.
Dean Co-operative Bank's net interest income from loans was $11,945,000.
Dean Co-operative Bank's fee based income from loans was $656,000.
Dean Co-operative Bank's net income from loans was $2,150,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $611 |
| Provision for credit losses | $130 |
| Total noninterest expense | $12,658 |
| Salaries and employee benefits | $7,014 |
| Premises and equipment expense | $1,324 |
| Additional noninterest expense | $4,320 |
| Applicable income taxes | $681 |
| Net charge-offs | $-109 |
| Cash dividends | $0 |
Dean Co-operative Bank's interest expense for loans was $611,000.
Dean Co-operative Bank's payroll and benefits expense were $7,014,000.
Dean Co-operative Bank's property, plant and equipment expenses $1,324,000.
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 | $400,367 |
| Deposits held in domestic offices | $400,367 |
| Deposits by Individuals, partnerships, and corporations | $383,264 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $17,102 |
| 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 | $162,205 |
| Demand deposits | $128,551 |
| Nontransaction accounts | $238,161 |
| Money market deposit accounts (MMDAs) | $40,767 |
| Other savings deposits (excluding MMDAs) | $148,570 |
| Total time deposits | $48,825 |
| Total time and savings deposits | $271,815 |
| Noninterest-bearing deposits | $134,384 |
| Interest-bearing deposits | $265,983 |
| Retail deposits | $386,013 |
| IRAs and Keogh plan accounts | $6,880 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $438,140 |
| Cash & Balances due from depository institutions | $31,621 |
| Interest-bearing balances | $29,322 |
| Total securities | $101,867 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $287,592 |
| Loan and leases loss allowance | $3,223 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $6,560 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $260 |
| All other assets | $10,240 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $438,140 |
| Total Liabilities | $404,528 |
| Total deposits | $400,367 |
| Interest-bearing deposits | $265,983 |
| Deposits held in domestic offices | $400,367 |
| % insured (estimated) | $82 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $4,161 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $287,592 |
| Loan and leases loss allowance | $3,223 |
| Total loans and leases (domestic) | $290,815 |
| All real estate loans | $269,247 |
| Real estate loans in domestic offices | $269,247 |
| Construction and development loans | $12,749 |
| Residential 1-4 family construction | $10,293 |
| Other construction, all land development and other land | $2,456 |
| Loans secured by nonfarm nonresidential properties | $56,219 |
| Nonfarm nonresidential secured by owner-occupied properties | $22,951 |
| Commercial real estate & other non-farm, non-residential | $33,268 |
| Multifamily residential real estate | $5,593 |
| 1-4 family residential loans | $194,145 |
| Farmland loans | $541 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $18,913 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $2,656 |
| Credit card loans | $0 |
| Related Plans | $25 |
| Consumer Auto Loans | $2,365 |
| Other loans to individuals | $266 |
| 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 | $2,451 |
| Non 1-4 family restructured loans & leases | $741 |
| Total loans and leases (foreign) | $0 |
Dean Co-operative Bank had $287,592,000 of loans outstanding in 2021. $269,247,000 of loans were in real estate loans. $12,749,000 of loans were in development loans. $5,593,000 of loans were in multifamily mortgage loans. $194,145,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $2,365,000 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 | 82 | $26,709 | $325,720 |
| Nonfarm, nonresidential loans - <$100k | 7 | $658 | $94,000 |
| Nonfarm, nonresidential loans - $100-250k | 13 | $1,654 | $127,231 |
| Nonfarm, nonresidential loans - $250k-1MM | 62 | $24,397 | $393,500 |
| Commercial & Industrial, US addressed loans - <$1MM | 286 | $16,066 | $56,175 |
| Commercial & Industrial, US addressed loans - <$100k | 223 | $4,773 | $21,404 |
| Commercial & Industrial, US addressed loans - $100-250k | 37 | $4,224 | $114,162 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 26 | $7,069 | $271,885 |