Bristol County Savings Bank Mortgage Rates, Fees & Info

Taunton, MA

LEI: 549300ENXD6MBH06E085

Tax ID: 04-3317338

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

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

    Bristol County Savings Bank is a smaller bank specializing in Home Purchase loans. Bristol County Savings Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Providence, Boston, Worcester, Barnstable Town, and Vineyard Haven among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Bristol County Savings 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. Bristol County Savings Bank is typically a low 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 6.17% 4/21/24
    30 Year Conventional Refi 6.23% 4/21/24
    30 Year Cash-out Refi 6.55% 4/21/24
    15 Year Conventional Purchase 5.39% 4/21/24
    15 Year Conventional Refi 5.75% 4/21/24
    15 Year Cash-out Refi 5.75% 4/21/24
    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.

    Bristol County Savings Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Bristol County Savings Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    389

    Origination Dollar Volume (All Markets)

    $133,885,000

    Employee count

    405 Show all (7) awards

    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
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 263 $81,555,000 $310,095 $2,768 4.42%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 81 $33,315,000 $411,296 $3,087 3.99%
    WORCESTER, MA-CT (FHA|USDA|VA) 20 $8,010,000 $400,500 $3,140 3.84%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 22 $7,970,000 $362,273 $3,433 4.28%
    Outside of Metro Areas 1 $1,605,000 $1,605,000 $7,078 4.75%
    Vineyard Haven, MA (FHA|USDA|VA) 2 $1,430,000 $715,000 $5,919 4.69%
    Bristol County Savings Bank's top markets include Providence, Boston, Worcester, Barnstable Town, and Vineyard Haven among others.

    Their top states include:
  • Massachusetts (FHA|USDA|VA)
  • Rhode Island (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Bristol County Savings Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Westport Federal Credit Union
    Similarity Rank: 23
    Notre Dame Community Federal Credit Union
    Similarity Rank: 38
    PAWTUCKET
    Similarity Rank: 60
    Bank of Easton
    Similarity Rank: 66
    Charter Oak Federal Credit Union
    Similarity Rank: 84
    SOMERSET
    Similarity Rank: 99
    MERRIMACK VALLEY
    Similarity Rank: 110
    Middlesex Federal Savings, F.A.
    Similarity Rank: 111
    Triangle Credit Union
    Similarity Rank: 147
    First Ipswich Bank
    Similarity Rank: 164

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 387 $133,445,000 $344,819 $2,911 4.29%
    USDA 2 $440,000 $220,000 $5,405 4.38%

    For 2018, Bristol County Savings Bank's most frequently originated type of loan was Conventional, with 387 originations. Their 2nd most popular type was USDA, with 2 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 244 $90,160,000 $369,508 $3,241 4.16%
    Cash Out Refi 60 $20,720,000 $345,333 $3,038 4.36%
    Home Improvement 42 $8,800,000 $209,524 $1,874 4.83%
    Refi 29 $12,575,000 $433,621 $1,922 4.28%
    Other 14 $1,630,000 $116,429 $1,614 4.75%

    For 2018, Bristol County Savings Bank's most frequently cited loan purpose was Home Purchase, with 244 originations. The 2nd most popular reason was Cash Out Refi, with 60 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 189 $65,175,000 $344,841 $2,998 4.10%
    30+ year 70 $31,960,000 $456,571 $3,938 4.52%
    Other 50 $15,450,000 $309,000 $3,240 4.22%
    15 Year 31 $5,765,000 $185,968 $1,524 4.18%
    20 Year 27 $14,655,000 $542,778 $2,865 4.88%
    10 Year 15 $665,000 $44,333 $309 5.05%
    5 Year 7 $215,000 $30,714 $86 4.46%

    For 2018, Bristol County Savings Bank's most frequently cited loan duration was 30 Year, with 189 originations. The 2nd most popular length was 30+ year, with 70 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 349 $117,855,000 $337,693
    $1k-2k 13 $2,795,000 $215,000
    $2k-3k 8 $1,610,000 $201,250
    $3k-4k 2 $610,000 $305,000
    $4k-5k 1 $415,000 $415,000
    $5k+ 1 $285,000 $285,000

    Bristol County Savings Bank's average total fees were $2,998, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 349 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 228 $77,420,000 $339,561
    3-4% 127 $48,945,000 $385,394
    5-6% 32 $7,510,000 $234,688
    <2.5% 2 $10,000 $5,000

    During 2018, Bristol County Savings Bank's average interest rate for loans was 4.10%, while their most frequently originated rate bucket for loans was 4-5%, with 228 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 167 $48,585,000 $290,928 $3,011 4.29%
    $400k-600k 98 $46,930,000 $478,878 $3,547 4.17%
    $100k-200k 58 $9,170,000 $158,103 $2,600 4.29%
    $100,000 or less 38 $1,500,000 $39,474 $387 4.73%
    $600k-1MM 21 $14,325,000 $682,143 $4,079 4.10%
    $1MM+ 7 $13,375,000 $1,910,714 $6,115 4.59%

    2018 saw Bristol County Savings Bank place emphasis on $200k-400k loans with 167 originations, totaling $48,585,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 108 $36,620,000 $339,074 $2,920 4.16%
    $150k-250k 81 $30,805,000 $380,309 $3,226 4.24%
    $75k-100k 69 $16,735,000 $242,536 $2,636 4.26%
    $50k-75k 50 $11,110,000 $222,200 $2,275 4.43%
    $250k+ 47 $25,505,000 $542,660 $3,877 4.31%
    $50k or less 18 $2,360,000 $131,111 $2,108 4.35%

    Bristol County Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 108 originations. The second most popular income band? $150k-250k, with 81 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 106 $33,360,000 $314,717 $2,755 4.24%
    30-36% 74 $21,260,000 $287,297 $2,880 4.39%
    <20% 40 $13,630,000 $340,750 $2,893 4.31%
    43% 18 $7,870,000 $437,222 $3,207 4.27%
    38% 17 $5,485,000 $322,647 $2,820 4.12%
    39% 14 $6,320,000 $451,429 $3,002 3.89%
    44% 13 $4,165,000 $320,385 $2,956 4.41%
    36% 13 $4,105,000 $315,769 $3,053 4.31%
    40% 13 $4,775,000 $367,308 $3,423 4.20%
    41% 12 $4,530,000 $377,500 $3,192 4.03%
    37% 10 $3,080,000 $308,000 $3,619 4.19%
    45% 10 $4,110,000 $411,000 $3,074 4.18%
    42% 7 $1,585,000 $226,429 $2,444 4.57%
    48% 7 $1,875,000 $267,857 $2,574 4.34%
    46% 6 $2,200,000 $366,667 $3,973 4.25%
    49% 4 $1,400,000 $350,000 $2,828 4.34%
    50-60% 4 $1,460,000 $365,000 $2,900 4.25%
    47% 3 $545,000 $181,667 $2,811 4.17%
    >60% 1 $1,805,000 $1,805,000 $6,908 5.13%

    Bristol County Savings Bank lent most frequently to those with DTI ratios of 20-30%, with 106 originations. The next most common DTI ratio? 30-36%, with 74 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 282 $90,080,000 $319,433 $2,928 4.36%
    Asian 32 $12,080,000 $377,500 $3,070 3.77%
    Not provided 33 $10,245,000 $310,455 $2,770 4.26%
    Not applicable 13 $9,955,000 $765,769 $0 5.35%
    Asian Indian 20 $9,380,000 $469,000 $3,221 3.47%
    Black 7 $1,665,000 $237,857 $2,250 4.48%
    American Indian 2 $480,000 $240,000 $2,016 4.94%

    Approval Rates

    Total approvals of all applications
    94.80%

    Bristol County Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    77.89%

    Bristol County Savings Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 389 $133,885,000 $344,177

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 7 $8,345,000 $1,192,143
    Single Family (1-4 Units):Site-Built 382 $125,540,000 $328,639

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 19 $4,485,000 $236,053 $1,767 4.47%
    40-60% 34 $9,910,000 $291,471 $2,773 4.14%
    60-80% 129 $51,605,000 $400,039 $3,368 4.42%
    80-100% 176 $66,840,000 $379,773 $3,239 4.14%
    Under 20% 31 $1,045,000 $33,710 $201 4.72%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Brightfunders, LLC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 16.7%
    Brightfunders, LLC Conventional home mortgage Closing on a mortgage 1 16.7%
    Brightfunders, LLC FHA mortgage Closing on a mortgage 2 33.3%
    Brightfunders, LLC Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 2 33.3%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Bristol County Savings Bank 100 Rathbun Willard Drive Attleboro, MA 2703 Full Service B&M $457
    Bristol County Savings Bank 108 North Main Street Raynham, MA 2767 Full Service B&M $125,005
    Bristol County Savings Bank 130 Pleasant Street Attleboro, MA 2703 Full Service B&M $187,434
    Bristol County Savings Bank 1307 Ashley Blvd New Bedford, MA 2745 Full Service B&M $80,332
    Bristol County Savings Bank 215 Armistice Boulevard Pawtucket, RI 2861 Full Service B&M $76,125
    Bristol County Savings Bank 215 Pleasant Street Fall River, MA 2721 Full Service B&M $71,157
    Bristol County Savings Bank 257 Winthrop Street Rehoboth, MA 2769 Full Service B&M $130,268
    Bristol County Savings Bank 35 Broadway Taunton, MA 2780 Full Service B&M $429,103
    Bristol County Savings Bank 36 Paramount Drive Raynham, MA 2767 Full Service Retail $11,844
    Bristol County Savings Bank 365 West Central Street Franklin, MA 2038 Full Service B&M $31,851
    Bristol County Savings Bank 37 Rockdale Avenue New Bedford, MA 2740 Full Service B&M $25,763
    Bristol County Savings Bank 50 Williams Street Taunton, MA 2780 Full Service B&M $3,155
    Bristol County Savings Bank 502 State Road Dartmouth, MA 2747 Full Service B&M $88,782
    Bristol County Savings Bank 70 North Water Street New Bedford, MA 2740 Full Service B&M $30,215
    Bristol County Savings Bank 851 County Street Taunton, MA 2780 Full Service B&M $94,353
    Bristol County Savings Bank 942 Broadway (Route 138) Raynham, MA 2767 Full Service B&M $107,812
    Bristol County Savings Bank 96 Commonwealth Avenue North Attleboro, MA 2760 Full Service B&M $170,534
    Bristol County Savings Bank One Chace Road East Freetown, MA 2717 Full Service B&M $35,588

    For 2018, Bristol County Savings Bank had 18 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $77,899
    Net interest income $65,046
    Total noninterest income $21,529
    Gross Fiduciary activities income $541
    Service charges on deposit accounts $2,078
    Trading account gains and fees $0
    Additional Noninterest Income $18,910
    Pre-tax net operating income $19,503
    Securities gains (or losses, -) $9,281
    Income before extraordinary items $23,091
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $23,091
    Minority interest net income $1,710
    Net income $21,381
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $15,666

    Bristol County Savings Bank's gross interest income from loans was $77,899,000.
    Bristol County Savings Bank's net interest income from loans was $65,046,000.
    Bristol County Savings Bank's fee based income from loans was $2,078,000.
    Bristol County Savings Bank's net income from loans was $21,381,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $12,853
    Provision for credit losses $924
    Total noninterest expense $66,148
    Salaries and employee benefits $42,187
    Premises and equipment expense $5,496
    Additional noninterest expense $18,465
    Applicable income taxes $5,693
    Net charge-offs $358
    Cash dividends $1,525

    Bristol County Savings Bank's interest expense for loans was $12,853,000.
    Bristol County Savings Bank's payroll and benefits expense were $42,187,000.
    Bristol County Savings Bank's property, plant and equipment expenses $5,496,000.

    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 $1,702,506
    Deposits held in domestic offices $1,702,506
    Deposits by Individuals, partnerships, and corporations $1,349,565
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $351,342
    Deposits by Commercial banks and other depository institutions in U.S. $1,599
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $193,487
    Demand deposits $83,745
    Nontransaction accounts $1,509,019
    Money market deposit accounts (MMDAs) $666,866
    Other savings deposits (excluding MMDAs) $461,413
    Total time deposits $380,741
    Total time and savings deposits $1,618,761
    Noninterest-bearing deposits $255,600
    Interest-bearing deposits $1,446,906
    Retail deposits $1,553,426
    IRAs and Keogh plan accounts $66,707
    Brokered deposits $42,166
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $2,176,759
    Cash & Balances due from depository institutions $31,379
    Interest-bearing balances $12,239
    Total securities $328,553
    Federal funds sold & reverse repurchase $0
    Net loans and leases $1,738,974
    Loan and leases loss allowance $15,677
    Trading account assets $0
    Bank premises and fixed assets $21,673
    Other real estate owned $0
    Goodwill and other intangibles $21,858
    All other assets $34,322

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $2,176,759
    Total Liabilities $1,893,317
    Total deposits $1,702,506
    Interest-bearing deposits $1,446,906
    Deposits held in domestic offices $1,702,506
    % insured (estimated) $59
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $160,205
    Subordinated debt $0
    All other liabilities $30,606

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,738,974
    Loan and leases loss allowance $15,677
    Total loans and leases (domestic) $1,754,651
    All real estate loans $1,312,606
    Real estate loans in domestic offices $1,312,606
    Construction and development loans $61,778
    Residential 1-4 family construction $28,635
    Other construction, all land development and other land $33,143
    Loans secured by nonfarm nonresidential properties $480,916
    Nonfarm nonresidential secured by owner-occupied properties $316,177
    Commercial real estate & other non-farm, non-residential $164,739
    Multifamily residential real estate $42,602
    1-4 family residential loans $727,310
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $130,403
    To non-U.S. addressees $0
    Loans to individuals $309,782
    Credit card loans $0
    Related Plans $85
    Consumer Auto Loans $301,988
    Other loans to individuals $7,709
    All other loans & leases $1,859
    Loans to foreign governments and official institutions $0
    Other loans $1,859
    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 $8,136
    Non 1-4 family restructured loans & leases $3,409
    Total loans and leases (foreign) $0

    Bristol County Savings Bank had $1,738,974,000 of loans outstanding in 2018. $1,312,606,000 of loans were in real estate loans. $61,778,000 of loans were in development loans. $42,602,000 of loans were in multifamily mortgage loans. $727,310,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $301,988,000 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 486 $130,949 $269,442
    Nonfarm, nonresidential loans - <$100k 44 $2,920 $66,364
    Nonfarm, nonresidential loans - $100-250k 153 $19,250 $125,817
    Nonfarm, nonresidential loans - $250k-1MM 289 $108,779 $376,398
    Commercial & Industrial, US addressed loans - <$1MM 491 $46,740 $95,193
    Commercial & Industrial, US addressed loans - <$100k 292 $8,285 $28,373
    Commercial & Industrial, US addressed loans - $100-250k 102 $9,683 $94,931
    Commercial & Industrial, US addressed loans - $250k-1MM 97 $28,772 $296,619