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 Cash Out Refi, Home Purchase, and Refi loans. Bristol County Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Providence, Boston, Barnstable Town, Worcester, and Vineyard Haven among others. We have data for 9 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

    896

    Origination Dollar Volume (All Markets)

    $385,310,000

    Employee count

    332

    Awards

    Bristol County Savings Bank 30 Year Conventional Loans silver Bristol County Savings Bank 30 Year Conventional Loans bronze
    Show all (2) 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) 667 $227,465,000 $341,027 $2,672 2.77%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 171 $133,105,000 $778,392 $3,065 2.77%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 25 $10,335,000 $413,400 $2,674 2.57%
    WORCESTER, MA-CT (FHA|USDA|VA) 27 $9,845,000 $364,630 $3,217 2.85%
    Vineyard Haven, MA (FHA|USDA|VA) 2 $2,290,000 $1,145,000 $5,190 2.88%
    Outside of Metro Areas 1 $1,355,000 $1,355,000 $7,083 3.25%
    SPRINGFIELD, MA (FHA|USDA|VA) 1 $355,000 $355,000 $2,638 3.00%
    Laconia, NH (FHA|USDA|VA) 1 $285,000 $285,000 $2,945 2.50%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1 $275,000 $275,000 $1,986 2.75%
    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)
  • New Hampshire (FHA|USDA|VA)
  • Connecticut (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.

    SOMERSET
    Similarity Rank: 87
    Homestar Mortgage, Inc.
    Similarity Rank: 156
    FALL RIVER MUNICIPAL CREDIT UNION
    Similarity Rank: 396
    OCEAN STATE CREDIT UNION
    Similarity Rank: 405
    LUSO-AMERICAN CREDIT UNION
    Similarity Rank: 474
    Rhode Island Credit Union
    Similarity Rank: 524
    Sharon & Crescent United Credit Union
    Similarity Rank: 540
    WAVE FEDERAL CREDIT UNION
    Similarity Rank: 596
    WESTERLY COMMUNITY
    Similarity Rank: 618
    East Boston Savings Bank
    Similarity Rank: 755

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 896 $385,310,000 $430,033 $2,775 2.76%

    For 2021, Bristol County Savings Bank's most frequently originated type of loan was Conventional, with 896 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 316 $96,680,000 $305,949 $2,515 2.62%
    Home Purchase 273 $190,935,000 $699,396 $3,695 3.09%
    Refi 257 $84,815,000 $330,019 $2,344 2.53%
    Other 29 $6,095,000 $210,172 $2,251 2.80%
    Home Improvement 21 $6,785,000 $323,095 $1,053 3.56%

    For 2021, Bristol County Savings Bank's most frequently cited loan purpose was Cash Out Refi, with 316 originations. The 2nd most popular reason was Home Purchase, with 273 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 407 $154,415,000 $379,398 $2,418 2.54%
    30 Year 172 $64,090,000 $372,616 $3,119 2.99%
    20 Year 103 $46,475,000 $451,214 $2,928 3.01%
    15 Year 100 $24,420,000 $244,200 $2,556 2.57%
    30+ year 88 $50,840,000 $577,727 $4,108 3.11%
    10 Year 15 $2,595,000 $173,000 $1,643 2.83%
    1 Year 6 $6,030,000 $1,005,000 $0 4.83%
    5 Year 5 $36,445,000 $7,289,000 $838 3.48%

    For 2021, Bristol County Savings Bank's most frequently cited loan duration was Other, with 407 originations. The 2nd most popular length was 30 Year, with 172 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 814 $276,940,000 $340,221
    $1k-2k 14 $5,050,000 $360,714
    $2k-3k 12 $2,640,000 $220,000
    $5k+ 11 $7,525,000 $684,091
    $3k-4k 8 $2,230,000 $278,750
    $4k-5k 7 $2,645,000 $377,857

    Bristol County Savings Bank's average total fees were $3,119, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 814 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 403 $151,305,000 $375,447
    <2.5% 271 $61,845,000 $228,210
    3-4% 184 $128,010,000 $695,707
    4-5% 35 $42,255,000 $1,207,286
    5-6% 3 $1,895,000 $631,667

    During 2021, Bristol County Savings Bank's average interest rate for loans was 2.99%, while their most frequently originated rate bucket for loans was 2.5-3%, with 403 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 399 $113,815,000 $285,251 $2,747 2.70%
    $100k-200k 165 $25,775,000 $156,212 $1,778 2.60%
    $400k-600k 162 $78,730,000 $485,988 $3,462 2.84%
    $600k-1MM 88 $63,300,000 $719,318 $4,335 3.02%
    $100,000 or less 60 $3,960,000 $66,000 $437 2.76%
    $1MM+ 22 $99,730,000 $4,533,182 $7,210 3.55%

    2021 saw Bristol County Savings Bank place emphasis on $200k-400k loans with 399 originations, totaling $113,815,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 211 $68,315,000 $323,768 $2,659 2.74%
    $150k-250k 207 $85,875,000 $414,855 $3,042 2.79%
    $50k-75k 134 $27,910,000 $208,284 $2,304 2.69%
    $75k-100k 132 $34,530,000 $261,591 $2,563 2.68%
    $250k+ 113 $67,695,000 $599,071 $3,964 2.70%
    $50k or less 53 $8,435,000 $159,151 $1,840 2.87%

    Bristol County Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 211 originations. The second most popular income band? $150k-250k, with 207 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 212 $71,310,000 $336,368 $2,735 2.67%
    <20% 148 $40,730,000 $275,203 $1,940 2.47%
    30-36% 145 $49,655,000 $342,448 $2,751 2.79%
    39% 39 $13,725,000 $351,923 $2,934 2.72%
    36% 37 $12,065,000 $326,081 $2,995 2.85%
    40% 32 $10,080,000 $315,000 $2,397 2.61%
    42% 31 $16,145,000 $520,806 $3,533 2.88%
    38% 31 $11,375,000 $366,935 $3,140 2.79%
    37% 30 $11,600,000 $386,667 $3,011 2.90%
    44% 28 $11,080,000 $395,714 $3,493 2.80%
    41% 27 $10,265,000 $380,185 $3,293 2.81%
    43% 22 $8,430,000 $383,182 $4,039 2.86%
    46% 20 $7,670,000 $383,500 $3,700 2.73%
    45% 16 $5,170,000 $323,125 $2,933 2.65%
    47% 15 $5,675,000 $378,333 $3,295 2.90%
    48% 13 $4,915,000 $378,077 $3,131 2.94%
    49% 11 $4,185,000 $380,455 $3,096 2.74%
    50-60% 5 $2,035,000 $407,000 $2,341 2.57%
    >60% 2 $890,000 $445,000 $2,885 2.88%

    Bristol County Savings Bank lent most frequently to those with DTI ratios of 20-30%, with 212 originations. The next most common DTI ratio? <20%, with 148 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 680 $227,880,000 $335,118 $2,650 2.71%
    Not applicable 19 $85,855,000 $4,518,684 $0 4.42%
    Not provided 118 $40,700,000 $344,915 $3,220 2.76%
    Asian 52 $23,090,000 $444,038 $3,533 2.81%
    Black 22 $6,630,000 $301,364 $2,594 2.99%
    American Indian 4 $730,000 $182,500 $1,481 2.50%
    Native Hawaiian or Islander 1 $425,000 $425,000 $3,590 3.13%

    Approval Rates

    Total approvals of all applications
    94.24%

    Bristol County Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.17%

    Bristol County Savings Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 896 $385,310,000 $430,033

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    896 $385,310,000 $430,033

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 121 $24,495,000 $202,438 $1,564 2.42%
    40-60% 237 $106,305,000 $448,544 $2,552 2.64%
    60-80% 303 $162,185,000 $535,264 $3,313 2.84%
    80-100% 192 $85,790,000 $446,823 $3,509 2.98%
    Over 100% 1 $3,805,000 $3,805,000 $0 4.25%
    Under 20% 42 $2,730,000 $65,000 $228 2.87%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Brightfunders, LLC VA mortgage Closing on a mortgage 2 5.4%
    Brightfunders, LLC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 10 27.0%
    Brightfunders, LLC Conventional home mortgage Closing on a mortgage 3 8.1%
    Brightfunders, LLC Conventional home mortgage Trouble during payment process 9 24.3%
    Brightfunders, LLC FHA mortgage Applying for a mortgage or refinancing an existing mortgage 3 8.1%
    Brightfunders, LLC FHA mortgage Trouble during payment process 1 2.7%
    Brightfunders, LLC Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 2 5.4%
    Brightfunders, LLC Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 3 8.1%
    Brightfunders, LLC Other type of mortgage Closing on a mortgage 2 5.4%
    Brightfunders, LLC Other type of mortgage Trouble during payment process 2 5.4%

    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 $469
    Bristol County Savings Bank 108 North Main Street Raynham, MA 2767 Full Service B&M $184,632
    Bristol County Savings Bank 130 Pleasant Street Attleboro, MA 2703 Full Service B&M $276,919
    Bristol County Savings Bank 1307 Ashley Blvd New Bedford, MA 2745 Full Service B&M $87,961
    Bristol County Savings Bank 215 Armistice Boulevard Pawtucket, RI 2861 Full Service B&M $153,460
    Bristol County Savings Bank 215 Pleasant Street Fall River, MA 2721 Full Service B&M $102,685
    Bristol County Savings Bank 2152 Mendon Road Cumberland, RI 2864 Full Service B&M $47,033
    Bristol County Savings Bank 257 Winthrop Street Rehoboth, MA 2769 Full Service B&M $168,238
    Bristol County Savings Bank 35 Broadway Taunton, MA 2780 Full Service B&M $499,375
    Bristol County Savings Bank 36 Paramount Drive Raynham, MA 2767 Full Service Retail $17,954
    Bristol County Savings Bank 365 West Central Street Franklin, MA 2038 Full Service B&M $59,684
    Bristol County Savings Bank 37 Rockdale Avenue New Bedford, MA 2740 Full Service B&M $35,871
    Bristol County Savings Bank 50 Williams Street Taunton, MA 2780 Full Service B&M $3,449
    Bristol County Savings Bank 502 State Road Dartmouth, MA 2747 Full Service B&M $124,936
    Bristol County Savings Bank 584 Putnam Pike Greenville, RI 2828 Full Service B&M $59,295
    Bristol County Savings Bank 70 North Water Street New Bedford, MA 2740 Full Service B&M $74,937
    Bristol County Savings Bank 851 County Street Taunton, MA 2780 Full Service B&M $112,414
    Bristol County Savings Bank 942 Broadway (Route 138) Raynham, MA 2767 Full Service B&M $165,586
    Bristol County Savings Bank 96 Commonwealth Avenue North Attleboro, MA 2760 Full Service B&M $249,755
    Bristol County Savings Bank One Chace Road East Freetown, MA 2717 Full Service B&M $49,832

    For 2021, Bristol County Savings Bank had 20 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $89,749
    Net interest income $84,836
    Total noninterest income $10,870
    Gross Fiduciary activities income $11
    Service charges on deposit accounts $1,633
    Trading account gains and fees $0
    Additional Noninterest Income $9,226
    Pre-tax net operating income $30,530
    Securities gains (or losses, -) $48,465
    Income before extraordinary items $59,279
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $59,279
    Minority interest net income $853
    Net income $58,426
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $20,991

    Bristol County Savings Bank's gross interest income from loans was $89,749,000.
    Bristol County Savings Bank's net interest income from loans was $84,836,000.
    Bristol County Savings Bank's fee based income from loans was $1,633,000.
    Bristol County Savings Bank's net income from loans was $58,426,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,913
    Provision for credit losses $1,557
    Total noninterest expense $63,619
    Salaries and employee benefits $42,400
    Premises and equipment expense $5,273
    Additional noninterest expense $15,946
    Applicable income taxes $19,716
    Net charge-offs $104
    Cash dividends $729

    Bristol County Savings Bank's interest expense for loans was $4,913,000.
    Bristol County Savings Bank's payroll and benefits expense were $42,400,000.
    Bristol County Savings Bank's property, plant and equipment expenses $5,273,000.

    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 $2,526,255
    Deposits held in domestic offices $2,526,255
    Deposits by Individuals, partnerships, and corporations $2,058,564
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $465,400
    Deposits by Commercial banks and other depository institutions in U.S. $2,291
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $376,356
    Demand deposits $161,825
    Nontransaction accounts $2,149,899
    Money market deposit accounts (MMDAs) $943,180
    Other savings deposits (excluding MMDAs) $859,340
    Total time deposits $347,380
    Total time and savings deposits $2,364,430
    Noninterest-bearing deposits $498,088
    Interest-bearing deposits $2,028,167
    Retail deposits $2,382,517
    IRAs and Keogh plan accounts $64,200
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $2,993,290
    Cash & Balances due from depository institutions $194,785
    Interest-bearing balances $169,390
    Total securities $684,149
    Federal funds sold & reverse repurchase $0
    Net loans and leases $2,046,251
    Loan and leases loss allowance $20,360
    Trading account assets $0
    Bank premises and fixed assets $19,737
    Other real estate owned $0
    Goodwill and other intangibles $16,047
    All other assets $32,321

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $2,993,290
    Total Liabilities $2,603,759
    Total deposits $2,526,255
    Interest-bearing deposits $2,028,167
    Deposits held in domestic offices $2,526,255
    % insured (estimated) $67
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $9,378
    Subordinated debt $0
    All other liabilities $68,126

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $2,046,251
    Loan and leases loss allowance $20,360
    Total loans and leases (domestic) $2,066,611
    All real estate loans $1,597,244
    Real estate loans in domestic offices $1,597,244
    Construction and development loans $118,556
    Residential 1-4 family construction $29,516
    Other construction, all land development and other land $89,040
    Loans secured by nonfarm nonresidential properties $623,804
    Nonfarm nonresidential secured by owner-occupied properties $295,723
    Commercial real estate & other non-farm, non-residential $328,081
    Multifamily residential real estate $88,772
    1-4 family residential loans $766,112
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $159,708
    To non-U.S. addressees $0
    Loans to individuals $308,302
    Credit card loans $0
    Related Plans $57
    Consumer Auto Loans $302,161
    Other loans to individuals $6,084
    All other loans & leases $1,357
    Loans to foreign governments and official institutions $0
    Other loans $1,357
    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 $6,989
    Non 1-4 family restructured loans & leases $4,418
    Total loans and leases (foreign) $0

    Bristol County Savings Bank had $2,046,251,000 of loans outstanding in 2021. $1,597,244,000 of loans were in real estate loans. $118,556,000 of loans were in development loans. $88,772,000 of loans were in multifamily mortgage loans. $766,112,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $302,161,000 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 628 $148,610 $236,640
    Nonfarm, nonresidential loans - <$100k 53 $2,284 $43,094
    Nonfarm, nonresidential loans - $100-250k 192 $22,856 $119,042
    Nonfarm, nonresidential loans - $250k-1MM 383 $123,470 $322,376
    Commercial & Industrial, US addressed loans - <$1MM 668 $73,866 $110,578
    Commercial & Industrial, US addressed loans - <$100k 346 $10,069 $29,101
    Commercial & Industrial, US addressed loans - $100-250k 171 $17,809 $104,146
    Commercial & Industrial, US addressed loans - $250k-1MM 151 $45,988 $304,556