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 Refi, Home Purchase, and Cash Out Refi 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 Springfield 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% 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






    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

    1,008

    Origination Dollar Volume (All Markets)

    $399,710,000

    Employee count

    346

    Awards

    Bristol County Savings Bank 30 Year Conventional Loans bronze Bristol County Savings Bank 30 Year Conventional Loans silver Bristol County Savings Bank 30 Year Conventional Loans bronze
    Show all (3) 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) 727 $233,425,000 $321,080 $2,830 3.06%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 219 $134,775,000 $615,411 $2,956 3.02%
    WORCESTER, MA-CT (FHA|USDA|VA) 43 $20,655,000 $480,349 $2,839 2.95%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 15 $6,595,000 $439,667 $2,839 2.92%
    Outside of Metro Areas 1 $2,825,000 $2,825,000 $7,446 3.38%
    SPRINGFIELD, MA (FHA|USDA|VA) 1 $555,000 $555,000 $3,218 3.38%
    Vineyard Haven, MA (FHA|USDA|VA) 1 $505,000 $505,000 $9,408 3.00%
    PITTSFIELD, MA (FHA|USDA|VA) 1 $375,000 $375,000 $2,431 2.63%
    Bristol County Savings Bank's top markets include Providence, Boston, Worcester, Barnstable Town, and Springfield 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.

    Homestar Mortgage, Inc.
    Similarity Rank: 166
    SOMERSET
    Similarity Rank: 169
    OCEAN STATE CREDIT UNION
    Similarity Rank: 252
    LUSO-AMERICAN CREDIT UNION
    Similarity Rank: 258
    Piscataqua Savings Bank
    Similarity Rank: 310
    Rhode Island Credit Union
    Similarity Rank: 510
    COMMUNITY CREDIT UNION OF LYNN
    Similarity Rank: 525
    Triangle Credit Union
    Similarity Rank: 696
    CorePlus Federal Credit Union
    Similarity Rank: 710
    NEW HAMPSHIRE
    Similarity Rank: 756

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,007 $399,325,000 $396,549 $2,865 3.05%
    USDA 1 $385,000 $385,000 $7,203 3.00%

    For 2020, Bristol County Savings Bank's most frequently originated type of loan was Conventional, with 1,007 originations. Their 2nd most popular type was USDA, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 358 $122,070,000 $340,978 $2,647 2.87%
    Home Purchase 308 $131,080,000 $425,584 $3,440 3.22%
    Cash Out Refi 308 $141,770,000 $460,292 $2,722 3.00%
    Other 18 $2,620,000 $145,556 $1,880 3.59%
    Home Improvement 16 $2,170,000 $135,625 $949 3.95%

    For 2020, Bristol County Savings Bank's most frequently cited loan purpose was Refi, with 358 originations. The 2nd most popular reason was Home Purchase, with 308 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 310 $114,380,000 $368,968 $3,142 2.93%
    30 Year 272 $99,380,000 $365,368 $2,989 3.17%
    15 Year 156 $39,770,000 $254,936 $2,237 2.87%
    20 Year 149 $49,035,000 $329,094 $2,543 3.07%
    30+ year 91 $47,095,000 $517,527 $3,639 3.34%
    10 Year 26 $7,910,000 $304,231 $1,491 3.02%
    5 Year 4 $42,140,000 $10,535,000 $0 3.56%

    For 2020, Bristol County Savings Bank's most frequently cited loan duration was Other, with 310 originations. The 2nd most popular length was 30 Year, with 272 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 921 $325,455,000 $353,371
    $2k-3k 26 $5,550,000 $213,462
    $1k-2k 15 $5,175,000 $345,000
    $3k-4k 14 $4,260,000 $304,286
    $5k+ 7 $3,915,000 $559,286
    $4k-5k 4 $1,550,000 $387,500

    Bristol County Savings Bank's average total fees were $2,989, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 921 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 494 $204,390,000 $413,745
    3-4% 380 $160,200,000 $421,579
    <2.5% 92 $25,620,000 $278,478
    4-5% 40 $9,300,000 $232,500
    5-6% 2 $200,000 $100,000

    During 2020, Bristol County Savings Bank's average interest rate for loans was 3.17%, while their most frequently originated rate bucket for loans was 2.5-3%, with 494 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 475 $139,425,000 $293,526 $2,766 3.00%
    $400k-600k 222 $108,440,000 $488,468 $3,350 3.06%
    $100k-200k 175 $28,495,000 $162,829 $2,379 2.94%
    $600k-1MM 70 $50,150,000 $716,429 $3,982 3.24%
    $100,000 or less 48 $2,720,000 $56,667 $936 3.35%
    $1MM+ 18 $70,480,000 $3,915,556 $5,618 3.41%

    2020 saw Bristol County Savings Bank place emphasis on $200k-400k loans with 475 originations, totaling $139,425,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 275 $87,625,000 $318,636 $2,762 3.00%
    $150k-250k 269 $113,425,000 $421,654 $3,005 3.00%
    $75k-100k 138 $36,210,000 $262,391 $2,515 3.08%
    $50k-75k 129 $26,105,000 $202,364 $2,469 3.02%
    $250k+ 110 $69,730,000 $633,909 $3,952 3.09%
    $50k or less 42 $6,470,000 $154,048 $2,248 3.10%

    Bristol County Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 275 originations. The second most popular income band? $150k-250k, with 269 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 303 $104,945,000 $346,353 $2,805 3.00%
    30-36% 196 $68,220,000 $348,061 $3,055 3.01%
    <20% 114 $38,630,000 $338,860 $2,504 2.97%
    40% 39 $13,865,000 $355,513 $3,153 2.99%
    36% 37 $13,705,000 $370,405 $2,754 3.11%
    38% 35 $11,575,000 $330,714 $2,981 3.03%
    44% 35 $14,165,000 $404,714 $3,062 3.06%
    37% 33 $11,475,000 $347,727 $2,908 3.05%
    39% 27 $8,525,000 $315,741 $3,119 3.19%
    41% 23 $7,915,000 $344,130 $3,164 3.13%
    42% 22 $6,790,000 $308,636 $2,742 3.09%
    43% 21 $8,095,000 $385,476 $3,276 3.07%
    48% 21 $8,145,000 $387,857 $3,139 2.91%
    45% 19 $6,725,000 $353,947 $2,962 3.13%
    49% 16 $5,020,000 $313,750 $2,549 3.11%
    47% 14 $6,700,000 $478,571 $2,989 3.17%
    46% 13 $6,065,000 $466,538 $3,034 3.13%
    50-60% 8 $2,360,000 $295,000 $2,591 3.06%
    >60% 4 $2,910,000 $727,500 $3,614 3.25%

    Bristol County Savings Bank lent most frequently to those with DTI ratios of 20-30%, with 303 originations. The next most common DTI ratio? 30-36%, with 196 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 781 $267,465,000 $342,465 $2,814 3.04%
    Not applicable 18 $52,920,000 $2,940,000 $0 4.40%
    Asian 96 $42,350,000 $441,146 $3,267 2.96%
    Not provided 94 $32,460,000 $345,319 $3,014 2.98%
    Black 16 $4,090,000 $255,625 $2,505 2.88%
    American Indian 2 $240,000 $120,000 $1,391 3.19%
    Other Asian 1 $185,000 $185,000 $2,509 2.88%

    Approval Rates

    Total approvals of all applications
    93.91%

    Bristol County Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.52%

    Bristol County Savings Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,008 $399,710,000 $396,538

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 11 $49,485,000 $4,498,636
    Single Family (1-4 Units):Site-Built 997 $350,225,000 $351,279

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 74 $15,110,000 $204,189 $2,290 2.82%
    40-60% 230 $65,810,000 $286,130 $2,651 2.85%
    60-80% 435 $210,745,000 $484,471 $3,031 3.08%
    80-100% 238 $106,660,000 $448,151 $3,310 3.19%
    Under 20% 31 $1,385,000 $44,677 $285 3.53%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    Brightfunders, LLC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
    Brightfunders, LLC FHA mortgage Applying for a mortgage or refinancing an existing mortgage 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 $461
    Bristol County Savings Bank 108 North Main Street Raynham, MA 2767 Full Service B&M $168,733
    Bristol County Savings Bank 130 Pleasant Street Attleboro, MA 2703 Full Service B&M $237,789
    Bristol County Savings Bank 1307 Ashley Blvd New Bedford, MA 2745 Full Service B&M $86,101
    Bristol County Savings Bank 215 Armistice Boulevard Pawtucket, RI 2861 Full Service B&M $144,269
    Bristol County Savings Bank 215 Pleasant Street Fall River, MA 2721 Full Service B&M $113,847
    Bristol County Savings Bank 257 Winthrop Street Rehoboth, MA 2769 Full Service B&M $150,580
    Bristol County Savings Bank 35 Broadway Taunton, MA 2780 Full Service B&M $462,186
    Bristol County Savings Bank 36 Paramount Drive Raynham, MA 2767 Full Service Retail $16,403
    Bristol County Savings Bank 365 West Central Street Franklin, MA 2038 Full Service B&M $58,461
    Bristol County Savings Bank 37 Rockdale Avenue New Bedford, MA 2740 Full Service B&M $34,504
    Bristol County Savings Bank 50 Williams Street Taunton, MA 2780 Full Service B&M $3,139
    Bristol County Savings Bank 502 State Road Dartmouth, MA 2747 Full Service B&M $121,539
    Bristol County Savings Bank 70 North Water Street New Bedford, MA 2740 Full Service B&M $57,276
    Bristol County Savings Bank 851 County Street Taunton, MA 2780 Full Service B&M $108,027
    Bristol County Savings Bank 942 Broadway (Route 138) Raynham, MA 2767 Full Service B&M $140,107
    Bristol County Savings Bank 96 Commonwealth Avenue North Attleboro, MA 2760 Full Service B&M $214,037
    Bristol County Savings Bank One Chace Road East Freetown, MA 2717 Full Service B&M $44,056

    For 2020, Bristol County Savings Bank had 18 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $86,988
    Net interest income $74,221
    Total noninterest income $45,997
    Gross Fiduciary activities income $68
    Service charges on deposit accounts $1,521
    Trading account gains and fees $0
    Additional Noninterest Income $44,408
    Pre-tax net operating income $41,350
    Securities gains (or losses, -) $2,773
    Income before extraordinary items $32,552
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $32,552
    Minority interest net income $2,179
    Net income $30,373
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $30,361

    Bristol County Savings Bank's gross interest income from loans was $86,988,000.
    Bristol County Savings Bank's net interest income from loans was $74,221,000.
    Bristol County Savings Bank's fee based income from loans was $1,521,000.
    Bristol County Savings Bank's net income from loans was $30,373,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $12,767
    Provision for credit losses $3,138
    Total noninterest expense $75,730
    Salaries and employee benefits $46,286
    Premises and equipment expense $5,903
    Additional noninterest expense $23,541
    Applicable income taxes $11,571
    Net charge-offs $748
    Cash dividends $475

    Bristol County Savings Bank's interest expense for loans was $12,767,000.
    Bristol County Savings Bank's payroll and benefits expense were $46,286,000.
    Bristol County Savings Bank's property, plant and equipment expenses $5,903,000.

    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 $2,295,489
    Deposits held in domestic offices $2,295,489
    Deposits by Individuals, partnerships, and corporations $1,853,970
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $439,145
    Deposits by Commercial banks and other depository institutions in U.S. $2,375
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $319,025
    Demand deposits $153,314
    Nontransaction accounts $1,976,465
    Money market deposit accounts (MMDAs) $913,809
    Other savings deposits (excluding MMDAs) $711,141
    Total time deposits $351,515
    Total time and savings deposits $2,142,176
    Noninterest-bearing deposits $434,429
    Interest-bearing deposits $1,861,060
    Retail deposits $2,169,296
    IRAs and Keogh plan accounts $69,072
    Brokered deposits $15,141
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $2,788,219
    Cash & Balances due from depository institutions $157,090
    Interest-bearing balances $136,219
    Total securities $435,621
    Federal funds sold & reverse repurchase $0
    Net loans and leases $2,093,257
    Loan and leases loss allowance $18,907
    Trading account assets $0
    Bank premises and fixed assets $20,836
    Other real estate owned $0
    Goodwill and other intangibles $16,650
    All other assets $64,765

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $2,788,219
    Total Liabilities $2,449,731
    Total deposits $2,295,489
    Interest-bearing deposits $1,861,060
    Deposits held in domestic offices $2,295,489
    % insured (estimated) $63
    Federal funds purchased and repurchase agreements $553
    Trading liabilities $0
    Other borrowed funds $84,561
    Subordinated debt $0
    All other liabilities $69,128

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $2,093,257
    Loan and leases loss allowance $18,907
    Total loans and leases (domestic) $2,112,164
    All real estate loans $1,508,032
    Real estate loans in domestic offices $1,508,032
    Construction and development loans $81,423
    Residential 1-4 family construction $30,351
    Other construction, all land development and other land $51,072
    Loans secured by nonfarm nonresidential properties $578,208
    Nonfarm nonresidential secured by owner-occupied properties $293,289
    Commercial real estate & other non-farm, non-residential $284,919
    Multifamily residential real estate $92,406
    1-4 family residential loans $755,995
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $308,120
    To non-U.S. addressees $0
    Loans to individuals $294,814
    Credit card loans $0
    Related Plans $106
    Consumer Auto Loans $288,890
    Other loans to individuals $5,818
    All other loans & leases $1,197
    Loans to foreign governments and official institutions $0
    Other loans $1,197
    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 $7,624
    Non 1-4 family restructured loans & leases $4,456
    Total loans and leases (foreign) $0

    Bristol County Savings Bank had $2,093,257,000 of loans outstanding in 2020. $1,508,032,000 of loans were in real estate loans. $81,423,000 of loans were in development loans. $92,406,000 of loans were in multifamily mortgage loans. $755,995,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $288,890,000 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 655 $159,153 $242,982
    Nonfarm, nonresidential loans - <$100k 83 $8,666 $104,410
    Nonfarm, nonresidential loans - $100-250k 199 $24,249 $121,854
    Nonfarm, nonresidential loans - $250k-1MM 373 $126,238 $338,440
    Commercial & Industrial, US addressed loans - <$1MM 1,608 $175,120 $108,905
    Commercial & Industrial, US addressed loans - <$100k 1,000 $35,317 $35,317
    Commercial & Industrial, US addressed loans - $100-250k 348 $45,548 $130,885
    Commercial & Industrial, US addressed loans - $250k-1MM 260 $94,255 $362,519