Bristol County Savings Bank Mortgage Rates, Fees & Info

Taunton, MA

LEI: 549300ENXD6MBH06E085

Tax ID: 04-3317338

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Mortgage Data

Bank Data

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, Barnstable Town, Worcester, and Vineyard Haven among others. We have data for 8 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% 3/28/24
30 Year Conventional Refi 6.23% 3/28/24
30 Year Cash-out Refi 6.55% 3/28/24
15 Year Conventional Purchase 5.39% 3/28/24
15 Year Conventional Refi 5.75% 3/28/24
15 Year Cash-out Refi 5.75% 3/28/24
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

493

Origination Dollar Volume (All Markets)

$170,805,000

Employee count

414 Show all (6) 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) 356 $116,520,000 $327,303 $2,631 4.13%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 94 $35,860,000 $381,489 $2,774 3.90%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 15 $7,895,000 $526,333 $2,454 4.40%
WORCESTER, MA-CT (FHA|USDA|VA) 24 $7,680,000 $320,000 $2,643 3.63%
Outside of Metro Areas 1 $1,555,000 $1,555,000 $4,931 3.38%
Vineyard Haven, MA (FHA|USDA|VA) 1 $525,000 $525,000 $4,253 3.88%
PITTSFIELD, MA (FHA|USDA|VA) 1 $405,000 $405,000 $2,118 3.25%
SPRINGFIELD, MA (FHA|USDA|VA) 1 $365,000 $365,000 $3,052 3.63%
Bristol County Savings Bank's top markets include Providence, Boston, Barnstable Town, Worcester, 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.

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 491 $170,275,000 $346,792 $2,651 4.07%
    USDA 2 $530,000 $265,000 $5,601 3.44%

    For 2019, Bristol County Savings Bank's most frequently originated type of loan was Conventional, with 491 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 265 $112,835,000 $425,792 $3,154 4.02%
    Cash Out Refi 116 $33,520,000 $288,966 $2,500 3.93%
    Refi 53 $16,305,000 $307,642 $2,390 3.72%
    Home Improvement 40 $6,150,000 $153,750 $938 4.84%
    Other 19 $1,995,000 $105,000 $1,369 4.82%

    For 2019, Bristol County Savings Bank's most frequently cited loan purpose was Home Purchase, with 265 originations. The 2nd most popular reason was Cash Out Refi, with 116 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 205 $69,385,000 $338,463 $2,840 3.91%
    Other 93 $36,935,000 $397,151 $3,241 4.04%
    15 Year 71 $12,635,000 $177,958 $1,311 4.16%
    30+ year 70 $35,050,000 $500,714 $3,382 4.09%
    20 Year 31 $15,495,000 $499,839 $3,118 4.40%
    10 Year 14 $950,000 $67,857 $321 4.79%
    5 Year 9 $355,000 $39,444 $437 4.65%

    For 2019, Bristol County Savings Bank's most frequently cited loan duration was 30 Year, with 205 originations. The 2nd most popular length was Other, with 93 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 428 $140,010,000 $327,126
    $2k-3k 23 $5,515,000 $239,783
    $1k-2k 15 $2,605,000 $173,667
    $3k-4k 4 $1,060,000 $265,000
    $4k-5k 2 $840,000 $420,000

    Bristol County Savings Bank's average total fees were $2,840, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 428 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 281 $98,475,000 $350,445
    4-5% 162 $53,210,000 $328,457
    5-6% 43 $18,225,000 $423,837
    2.5-3% 4 $880,000 $220,000
    <2.5% 3 $15,000 $5,000

    During 2019, Bristol County Savings Bank's average interest rate for loans was 3.91%, while their most frequently originated rate bucket for loans was 3-4%, with 281 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 216 $63,740,000 $295,093 $2,916 3.99%
    $400k-600k 100 $46,840,000 $468,400 $3,102 3.88%
    $100k-200k 74 $11,800,000 $159,459 $2,499 4.02%
    $100,000 or less 64 $3,340,000 $52,188 $575 4.60%
    $600k-1MM 29 $20,305,000 $700,172 $3,869 4.05%
    $1MM+ 10 $24,780,000 $2,478,000 $5,550 4.55%

    2019 saw Bristol County Savings Bank place emphasis on $200k-400k loans with 216 originations, totaling $63,740,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 150 $45,780,000 $305,200 $2,716 3.96%
    $150k-250k 120 $47,620,000 $396,833 $2,976 4.02%
    $75k-100k 73 $16,225,000 $222,260 $2,165 3.99%
    $50k-75k 58 $11,010,000 $189,828 $2,240 4.04%
    $250k+ 43 $25,435,000 $591,512 $3,614 4.12%
    $50k or less 25 $3,305,000 $132,200 $1,762 4.25%

    Bristol County Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 150 originations. The second most popular income band? $150k-250k, with 120 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 129 $36,985,000 $286,705 $2,679 4.04%
    30-36% 82 $25,320,000 $308,780 $2,557 4.01%
    <20% 59 $18,745,000 $317,712 $2,463 4.03%
    38% 22 $6,680,000 $303,636 $2,296 4.13%
    43% 21 $6,965,000 $331,667 $2,693 4.00%
    39% 19 $4,825,000 $253,947 $2,362 4.28%
    41% 18 $9,070,000 $503,889 $3,076 4.01%
    40% 16 $6,490,000 $405,625 $2,972 4.01%
    44% 16 $5,590,000 $349,375 $2,986 3.95%
    37% 14 $4,460,000 $318,571 $2,765 3.89%
    36% 13 $5,935,000 $456,538 $3,444 4.03%
    46% 11 $3,245,000 $295,000 $2,822 3.86%
    42% 10 $3,090,000 $309,000 $3,546 4.05%
    45% 10 $3,770,000 $377,000 $3,049 3.99%
    48% 9 $3,225,000 $358,333 $2,736 4.17%
    49% 7 $2,005,000 $286,429 $2,342 4.34%
    47% 6 $1,720,000 $286,667 $2,905 3.79%
    50-60% 4 $870,000 $217,500 $1,889 4.19%
    >60% 3 $1,025,000 $341,667 $2,410 3.58%

    Bristol County Savings Bank lent most frequently to those with DTI ratios of 20-30%, with 129 originations. The next most common DTI ratio? 30-36%, with 82 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 373 $114,465,000 $306,877 $2,654 4.06%
    Asian 48 $20,160,000 $420,000 $2,896 3.66%
    Not applicable 16 $19,340,000 $1,208,750 $0 5.23%
    Not provided 43 $13,495,000 $313,837 $2,623 4.07%
    Black 9 $1,845,000 $205,000 $2,157 4.36%
    Asian Indian 3 $1,475,000 $491,667 $2,973 3.79%
    American Indian 1 $25,000 $25,000 $200 5.25%

    Approval Rates

    Total approvals of all applications
    93.01%

    Bristol County Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    81.34%

    Bristol County Savings Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 493 $170,805,000 $346,460

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 13 $17,935,000 $1,379,615
    Single Family (1-4 Units):Site-Built 480 $152,870,000 $318,479

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 35 $6,315,000 $180,429 $1,895 4.09%
    40-60% 58 $17,920,000 $308,966 $2,534 3.94%
    60-80% 182 $74,150,000 $407,418 $3,138 4.03%
    80-100% 170 $70,300,000 $413,529 $3,105 3.96%
    Under 20% 48 $2,120,000 $44,167 $183 4.72%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Brightfunders, LLC FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
    Brightfunders, LLC FHA mortgage Trouble during payment process 1 50.0%

    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 $447
    Bristol County Savings Bank 108 North Main Street Raynham, MA 2767 Full Service B&M $136,663
    Bristol County Savings Bank 130 Pleasant Street Attleboro, MA 2703 Full Service B&M $200,377
    Bristol County Savings Bank 1307 Ashley Blvd New Bedford, MA 2745 Full Service B&M $79,680
    Bristol County Savings Bank 215 Armistice Boulevard Pawtucket, RI 2861 Full Service B&M $106,956
    Bristol County Savings Bank 215 Pleasant Street Fall River, MA 2721 Full Service B&M $87,304
    Bristol County Savings Bank 257 Winthrop Street Rehoboth, MA 2769 Full Service B&M $130,401
    Bristol County Savings Bank 35 Broadway Taunton, MA 2780 Full Service B&M $421,367
    Bristol County Savings Bank 36 Paramount Drive Raynham, MA 2767 Full Service Retail $14,143
    Bristol County Savings Bank 365 West Central Street Franklin, MA 2038 Full Service B&M $48,274
    Bristol County Savings Bank 37 Rockdale Avenue New Bedford, MA 2740 Full Service B&M $29,168
    Bristol County Savings Bank 50 Williams Street Taunton, MA 2780 Full Service B&M $3,106
    Bristol County Savings Bank 502 State Road Dartmouth, MA 2747 Full Service B&M $100,093
    Bristol County Savings Bank 70 North Water Street New Bedford, MA 2740 Full Service B&M $39,700
    Bristol County Savings Bank 851 County Street Taunton, MA 2780 Full Service B&M $97,481
    Bristol County Savings Bank 942 Broadway (Route 138) Raynham, MA 2767 Full Service B&M $111,914
    Bristol County Savings Bank 96 Commonwealth Avenue North Attleboro, MA 2760 Full Service B&M $171,852
    Bristol County Savings Bank One Chace Road East Freetown, MA 2717 Full Service B&M $35,656

    For 2019, Bristol County Savings Bank had 18 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $85,876
    Net interest income $67,147
    Total noninterest income $23,466
    Gross Fiduciary activities income $186
    Service charges on deposit accounts $1,668
    Trading account gains and fees $0
    Additional Noninterest Income $21,612
    Pre-tax net operating income $17,567
    Securities gains (or losses, -) $12,509
    Income before extraordinary items $25,657
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $25,657
    Minority interest net income $1,748
    Net income $23,909
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $15,024

    Bristol County Savings Bank's gross interest income from loans was $85,876,000.
    Bristol County Savings Bank's net interest income from loans was $67,147,000.
    Bristol County Savings Bank's fee based income from loans was $1,668,000.
    Bristol County Savings Bank's net income from loans was $23,909,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $18,729
    Provision for credit losses $2,517
    Total noninterest expense $70,529
    Salaries and employee benefits $44,825
    Premises and equipment expense $5,925
    Additional noninterest expense $19,779
    Applicable income taxes $4,419
    Net charge-offs $1,677
    Cash dividends $1,817

    Bristol County Savings Bank's interest expense for loans was $18,729,000.
    Bristol County Savings Bank's payroll and benefits expense were $44,825,000.
    Bristol County Savings Bank's property, plant and equipment expenses $5,925,000.

    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 $1,887,565
    Deposits held in domestic offices $1,887,565
    Deposits by Individuals, partnerships, and corporations $1,468,895
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $417,143
    Deposits by Commercial banks and other depository institutions in U.S. $1,527
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $213,825
    Demand deposits $96,989
    Nontransaction accounts $1,673,740
    Money market deposit accounts (MMDAs) $786,426
    Other savings deposits (excluding MMDAs) $477,771
    Total time deposits $409,543
    Total time and savings deposits $1,790,576
    Noninterest-bearing deposits $278,564
    Interest-bearing deposits $1,609,001
    Retail deposits $1,710,572
    IRAs and Keogh plan accounts $67,705
    Brokered deposits $42,166
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $2,297,366
    Cash & Balances due from depository institutions $29,412
    Interest-bearing balances $9,524
    Total securities $375,245
    Federal funds sold & reverse repurchase $0
    Net loans and leases $1,813,148
    Loan and leases loss allowance $16,517
    Trading account assets $0
    Bank premises and fixed assets $20,891
    Other real estate owned $0
    Goodwill and other intangibles $22,703
    All other assets $35,967

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $2,297,366
    Total Liabilities $1,979,050
    Total deposits $1,887,565
    Interest-bearing deposits $1,609,001
    Deposits held in domestic offices $1,887,565
    % insured (estimated) $59
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $45,414
    Subordinated debt $0
    All other liabilities $46,071

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,813,148
    Loan and leases loss allowance $16,517
    Total loans and leases (domestic) $1,829,665
    All real estate loans $1,353,100
    Real estate loans in domestic offices $1,353,100
    Construction and development loans $56,090
    Residential 1-4 family construction $23,010
    Other construction, all land development and other land $33,080
    Loans secured by nonfarm nonresidential properties $492,503
    Nonfarm nonresidential secured by owner-occupied properties $307,309
    Commercial real estate & other non-farm, non-residential $185,194
    Multifamily residential real estate $56,417
    1-4 family residential loans $748,090
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $144,970
    To non-U.S. addressees $0
    Loans to individuals $329,716
    Credit card loans $0
    Related Plans $148
    Consumer Auto Loans $322,213
    Other loans to individuals $7,355
    All other loans & leases $1,879
    Loans to foreign governments and official institutions $0
    Other loans $1,879
    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 $7,456
    Non 1-4 family restructured loans & leases $3,495
    Total loans and leases (foreign) $0

    Bristol County Savings Bank had $1,813,148,000 of loans outstanding in 2019. $1,353,100,000 of loans were in real estate loans. $56,090,000 of loans were in development loans. $56,417,000 of loans were in multifamily mortgage loans. $748,090,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $322,213,000 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 481 $124,534 $258,906
    Nonfarm, nonresidential loans - <$100k 40 $3,120 $78,000
    Nonfarm, nonresidential loans - $100-250k 152 $18,538 $121,961
    Nonfarm, nonresidential loans - $250k-1MM 289 $102,876 $355,972
    Commercial & Industrial, US addressed loans - <$1MM 460 $46,959 $102,085
    Commercial & Industrial, US addressed loans - <$100k 265 $9,736 $36,740
    Commercial & Industrial, US addressed loans - $100-250k 104 $10,886 $104,673
    Commercial & Industrial, US addressed loans - $250k-1MM 91 $26,337 $289,418