Bristol County Savings Bank Mortgage Rates, Fees & Info
Taunton, MALEI: 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
---|---|---|
30 Year Conventional Purchase | 6.17% | 11/17/24 |
30 Year Conventional Refi | 6.23% | 11/17/24 |
30 Year Cash-out Refi | 6.55% | 11/17/24 |
15 Year Conventional Purchase | 5.39% | 11/17/24 |
15 Year Conventional Refi | 5.75% | 11/17/24 |
15 Year Cash-out Refi | 5.75% | 11/17/24 |
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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
493Origination Dollar Volume (All Markets)
$170,805,000Employee count
414 Show all (6) awardsBristol County Savings Bank - 2019
Bristol County Savings Bank is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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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% |
Their top states include:
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.
Similarity Rank: 26
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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
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
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
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
2019 saw Bristol County Savings Bank place emphasis on $200k-400k loans with 216 originations, totaling $63,740,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications93.01%
Bristol County Savings Bank has an average approval rate.
Pick Rate
Approvals leading to origination81.34%
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
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 |