Leader Bank Mortgage Rates, Fees & Info

Arlington, MA

LEI: 549300FK3AFCFVAPH234

Tax ID: 04-3557920

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

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  • SimulatedRates™
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    • Mortgage Data

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

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  • Deposit Mix
  • Loan Performance
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    • Review & Overview

    Leader Bank is a mid-sized bank specializing in Home Purchase and Refi loans. Leader Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Boston, Worcester, Providence, Barnstable Town, and Hartford among others. We have data for 100 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Leader Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Leader 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.18% 12/16/24
    30 Year Conventional Purchase 6.12% 12/16/24
    30 Year Conventional Refi 6.24% 12/16/24
    30 Year Cash-out Refi 6.41% 12/16/24
    30 Year FHA Purchase 6.81% 12/16/24
    30 Year FHA Refi 6.27% 12/16/24
    30 Year VA Purchase 5.95% 12/16/24
    30 Year VA Refi 5.62% 12/16/24
    15 Year Conventional Purchase 5.30% 12/16/24
    15 Year Conventional Refi 5.78% 12/16/24
    15 Year Cash-out Refi 5.78% 12/16/24
    15 Year FHA Purchase 5.68% 12/16/24
    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.

    Leader Bank Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Leader 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

    13,127

    Origination Dollar Volume (All Markets)

    $6,364,465,000

    Employee count

    403 Show all (30) 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
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 10,443 $5,362,995,000 $513,549 $3,604 2.78%
    WORCESTER, MA-CT (FHA|USDA|VA) 731 $267,805,000 $366,354 $3,435 2.80%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 543 $204,335,000 $376,308 $3,503 2.78%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 322 $129,350,000 $401,708 $3,482 2.75%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 294 $91,180,000 $310,136 $3,915 2.74%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 118 $42,300,000 $358,475 $3,203 2.85%
    Outside of Metro Areas 63 $25,745,000 $408,651 $3,938 2.83%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 60 $22,780,000 $379,667 $3,211 2.81%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 39 $21,145,000 $542,179 $3,969 2.75%
    SPRINGFIELD, MA (FHA|USDA|VA) 66 $17,590,000 $266,515 $3,485 2.77%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 29 $16,895,000 $582,586 $4,884 2.89%
    Lebanon, NH-VT (FHA|USDA|VA) 45 $16,295,000 $362,111 $3,797 2.84%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 23 $11,465,000 $498,478 $5,306 2.76%
    Laconia, NH (FHA|USDA|VA) 24 $9,740,000 $405,833 $3,449 2.84%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 29 $9,045,000 $311,897 $3,724 2.73%
    Vineyard Haven, MA (FHA|USDA|VA) 9 $7,755,000 $861,667 $4,807 2.93%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 18 $7,590,000 $421,667 $4,723 2.84%
    Concord, NH (FHA|USDA|VA) 21 $6,045,000 $287,857 $3,179 2.89%
    Torrington, CT (FHA|USDA|VA) 19 $6,005,000 $316,053 $3,992 2.72%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 14 $5,700,000 $407,143 $5,624 2.63%
    PITTSFIELD, MA (FHA|USDA|VA) 16 $5,550,000 $346,875 $3,670 2.69%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 13 $5,065,000 $389,615 $3,320 2.87%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 4 $4,690,000 $1,172,500 $15,603 3.09%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 4 $4,380,000 $1,095,000 $7,354 2.75%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 15 $4,265,000 $284,333 $4,370 3.01%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 10 $3,750,000 $375,000 $4,543 2.84%
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) 10 $3,390,000 $339,000 $4,019 2.95%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 7 $2,885,000 $412,143 $4,042 2.98%
    BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) 8 $2,810,000 $351,250 $3,864 2.98%
    Rutland, VT (FHA|USDA|VA) 8 $2,490,000 $311,250 $4,018 2.45%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 7 $2,215,000 $316,429 $4,336 2.59%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 4 $2,030,000 $507,500 $3,997 3.06%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 5 $1,835,000 $367,000 $3,863 2.85%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 3 $1,675,000 $558,333 $5,432 2.96%
    Barre, VT (FHA|USDA|VA) 5 $1,645,000 $329,000 $3,965 2.63%
    Berlin, NH (FHA|USDA|VA) 4 $1,600,000 $400,000 $3,861 2.63%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 4 $1,510,000 $377,500 $3,866 3.03%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 3 $1,505,000 $501,667 $6,062 2.67%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 3 $1,135,000 $378,333 $4,156 3.50%
    JACKSONVILLE, FL (FHA|USDA|VA) 3 $1,125,000 $375,000 $4,480 2.29%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 3 $1,125,000 $375,000 $3,410 2.92%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $1,080,000 $540,000 $5,455 3.19%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 3 $1,065,000 $355,000 $4,473 2.91%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 3 $915,000 $305,000 $3,753 2.96%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 2 $900,000 $450,000 $5,355 3.00%
    RALEIGH-CARY, NC (FHA|USDA|VA) 2 $890,000 $445,000 $3,700 2.81%
    Keene, NH (FHA|USDA|VA) 3 $815,000 $271,667 $3,064 3.00%
    Augusta-Waterville, ME (FHA|USDA|VA) 3 $775,000 $258,333 $5,079 2.63%
    INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 1 $775,000 $775,000 $8,542 3.75%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 2 $770,000 $385,000 $4,248 2.75%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $745,000 $745,000 $6,938 2.88%
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 3 $735,000 $245,000 $4,064 3.33%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $705,000 $705,000 $5,392 2.88%
    COLUMBIA, SC (FHA|USDA|VA) 3 $695,000 $231,667 $3,829 3.04%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 2 $690,000 $345,000 $4,294 2.62%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $665,000 $665,000 $6,454 2.88%
    WILMINGTON, NC (FHA|USDA|VA) 1 $625,000 $625,000 $3,726 3.00%
    BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 2 $560,000 $280,000 $3,818 2.69%
    BOULDER, CO (FHA|USDA|VA) 1 $545,000 $545,000 $3,431 3.25%
    ROCHESTER, NY (FHA|USDA|VA) 1 $545,000 $545,000 $4,504 2.50%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $515,000 $515,000 $4,291 2.38%
    BANGOR, ME (FHA|USDA|VA) 1 $505,000 $505,000 $3,711 2.25%
    MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $475,000 $475,000 $3,478 2.25%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $475,000 $475,000 $4,120 3.25%
    SALISBURY, MD-DE (FHA|USDA|VA) 1 $425,000 $425,000 $3,722 2.63%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $415,000 $415,000 $5,173 3.75%
    GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 1 $405,000 $405,000 $3,424 2.38%
    Edwards, CO (FHA|USDA|VA) 1 $405,000 $405,000 $4,108 3.00%
    WINCHESTER, VA-WV (FHA|USDA|VA) 1 $405,000 $405,000 $3,979 2.88%
    CLEVELAND, TN (FHA|USDA|VA) 1 $385,000 $385,000 $3,854 2.75%
    Georgetown, SC (FHA|USDA|VA) 1 $375,000 $375,000 $4,072 2.88%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $365,000 $365,000 $4,997 2.88%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $365,000 $365,000 $5,446 3.25%
    RICHMOND, VA (FHA|USDA|VA) 1 $365,000 $365,000 $3,528 2.63%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $345,000 $345,000 $4,468 2.75%
    PITTSBURGH, PA (FHA|USDA|VA) 1 $335,000 $335,000 $5,256 3.00%
    OCEAN CITY, NJ (FHA|USDA|VA) 1 $305,000 $305,000 $3,593 2.50%
    SAVANNAH, GA (FHA|USDA|VA) 1 $305,000 $305,000 $4,421 2.63%
    STATE COLLEGE, PA (FHA|USDA|VA) 1 $295,000 $295,000 $4,679 2.00%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 1 $285,000 $285,000 $3,488 3.13%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $255,000 $255,000 $3,976 3.00%
    St. Marys, GA (FHA|USDA|VA) 1 $255,000 $255,000 $3,909 2.75%
    TALLAHASSEE, FL (FHA|USDA|VA) 2 $250,000 $125,000 $0 3.69%
    WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) 1 $245,000 $245,000 $4,138 3.25%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $235,000 $235,000 $2,907 2.88%
    ASHEVILLE, NC (FHA|USDA|VA) 1 $225,000 $225,000 $4,224 3.13%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $215,000 $215,000 $4,401 2.75%
    Hudson, NY (FHA|USDA|VA) 1 $215,000 $215,000 $4,776 2.88%
    SPARTANBURG, SC (FHA|USDA|VA) 1 $205,000 $205,000 $2,335 2.38%
    ANN ARBOR, MI (FHA|USDA|VA) 1 $195,000 $195,000 $2,738 2.00%
    Auburn, NY (FHA|USDA|VA) 1 $195,000 $195,000 $4,705 3.00%
    FLINT, MI (FHA|USDA|VA) 1 $175,000 $175,000 $2,729 3.00%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $165,000 $165,000 $3,960 2.63%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $155,000 $155,000 $5,736 2.75%
    SYRACUSE, NY (FHA|USDA|VA) 1 $155,000 $155,000 $4,000 3.00%
    Seneca, SC (FHA|USDA|VA) 1 $145,000 $145,000 $0 3.38%
    LOGAN, UT-ID (FHA|USDA|VA) 1 $145,000 $145,000 $4,082 2.75%
    Forest City, NC (FHA|USDA|VA) 1 $125,000 $125,000 $4,766 2.25%
    GAINESVILLE, FL (FHA|USDA|VA) 1 $125,000 $125,000 $0 3.50%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $105,000 $105,000 $0 3.63%
    Leader Bank's top markets include Boston, Worcester, Providence, Barnstable Town, and Hartford among others.

    Their top states include:
  • Massachusetts (FHA|USDA|VA)
  • Connecticut (FHA|USDA|VA)
  • New Hampshire (FHA|USDA|VA)
  • Rhode Island (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)

    • Similar Lenders

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

    SOMERSET
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    Similarity Rank: 102
    INFINITY Federal Credit Union
    Similarity Rank: 136
    Northfield Savings Bank
    Similarity Rank: 155
    Homestar Mortgage, Inc.
    Similarity Rank: 156
    DADE COUNTY FEDERAL CREDIT UNION
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    Adams Community Bank
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    GREYLOCK
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    CASCO
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    TOWN & COUNTRY FEDERAL CREDIT UNION
    Similarity Rank: 240

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 12,507 $6,208,595,000 $496,410 $3,553 2.79%
    HELOC 473 $80,445,000 $170,074 n/a 2.87%
    VA 90 $48,220,000 $535,778 $6,455 2.48%
    FHA 57 $27,205,000 $477,281 $11,884 2.44%

    For 2021, Leader Bank's most frequently originated type of loan was Conventional, with 12,507 originations. Their 2nd most popular type was HELOC, with 473 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 5,749 $3,184,475,000 $553,918 $4,417 2.78%
    Refi 5,201 $2,168,305,000 $416,902 $2,936 2.74%
    Cash Out Refi 1,855 $947,245,000 $510,644 $3,097 2.94%
    Other 227 $47,045,000 $207,247 $3,074 2.77%
    Home Improvement 95 $17,395,000 $183,105 $2,994 2.90%

    For 2021, Leader Bank's most frequently cited loan purpose was Home Purchase, with 5,749 originations. The 2nd most popular reason was Refi, with 5,201 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 9,832 $4,946,060,000 $503,057 $3,816 2.84%
    15 Year 1,792 $924,660,000 $515,993 $2,902 2.48%
    Other 750 $198,030,000 $264,040 $2,745 2.85%
    20 Year 646 $255,250,000 $395,124 $2,879 2.68%
    10 Year 86 $23,240,000 $270,233 $2,619 2.32%
    1 Year 14 $10,440,000 $745,714 $0 4.93%
    5 Year 5 $4,155,000 $831,000 $0 3.45%
    30+ year 2 $2,630,000 $1,315,000 $13,013 3.62%

    For 2021, Leader Bank's most frequently cited loan duration was 30 Year, with 9,832 originations. The 2nd most popular length was 15 Year, with 1,792 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 11,171 $5,317,685,000 $476,026
    $2k-3k 173 $86,205,000 $498,295
    $3k-4k 115 $68,725,000 $597,609
    $5k+ 63 $37,915,000 $601,825
    $<1k 49 $15,585,000 $318,061
    $4k-5k 30 $17,230,000 $574,333

    Leader Bank's average total fees were $3,816, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 11,171 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 8,197 $4,165,105,000 $508,126
    <2.5% 2,992 $1,137,070,000 $380,037
    3-4% 1,836 $1,016,370,000 $553,578
    4-5% 94 $40,650,000 $432,447
    5-6% 8 $5,270,000 $658,750

    During 2021, Leader Bank's average interest rate for loans was 2.84%, while their most frequently originated rate bucket for loans was 2.5-3%, with 8,197 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 4,745 $1,462,295,000 $308,176 $3,043 2.75%
    $400k-600k 4,654 $2,272,410,000 $488,270 $3,600 2.75%
    $600k-1MM 2,046 $1,509,990,000 $738,021 $4,647 2.90%
    $100k-200k 927 $144,385,000 $155,755 $2,664 2.77%
    $1MM+ 580 $964,380,000 $1,662,724 $6,030 2.93%
    $100,000 or less 175 $11,005,000 $62,886 $1,962 2.93%

    2021 saw Leader Bank place emphasis on $200k-400k loans with 4,745 originations, totaling $1,462,295,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 4,381 $2,078,055,000 $474,333 $3,662 2.77%
    $100k-150k 3,372 $1,346,210,000 $399,232 $3,425 2.75%
    $250k+ 2,753 $1,765,035,000 $641,131 $4,160 2.80%
    $75k-100k 1,462 $502,120,000 $343,447 $3,340 2.76%
    $50k-75k 820 $224,180,000 $273,390 $3,133 2.73%
    $50k or less 112 $22,970,000 $205,089 $3,113 2.87%

    Leader Bank lent most frequently to those with incomes in the $150k-250k range, with 4,381 originations. The second most popular income band? $100k-150k, with 3,372 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 4,234 $1,982,610,000 $468,259 $3,548 2.74%
    30-36% 2,677 $1,284,185,000 $479,710 $3,739 2.78%
    <20% 1,740 $751,550,000 $431,925 $3,309 2.68%
    36% 437 $208,605,000 $477,357 $3,829 2.79%
    39% 425 $201,795,000 $474,812 $3,737 2.81%
    37% 417 $190,615,000 $457,110 $3,696 2.84%
    38% 408 $200,480,000 $491,373 $3,766 2.84%
    40% 399 $181,975,000 $456,078 $3,661 2.83%
    41% 398 $177,680,000 $446,432 $3,672 2.84%
    42% 351 $165,485,000 $471,467 $3,897 2.82%
    43% 327 $134,515,000 $411,361 $3,741 2.82%
    44% 279 $120,545,000 $432,061 $3,743 2.85%
    45% 188 $81,430,000 $433,138 $3,783 2.83%
    46% 180 $69,560,000 $386,444 $3,712 2.78%
    47% 147 $59,175,000 $402,551 $3,748 2.81%
    48% 127 $53,275,000 $419,488 $3,575 2.84%
    49% 126 $48,140,000 $382,063 $3,560 2.81%
    50-60% 8 $3,810,000 $476,250 $10,259 2.78%

    Leader Bank lent most frequently to those with DTI ratios of 20-30%, with 4,234 originations. The next most common DTI ratio? 30-36%, with 2,677 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 9,264 $4,221,860,000 $455,728 $3,568 2.77%
    Asian 2,045 $984,545,000 $481,440 $3,814 2.75%
    Not provided 1,446 $717,950,000 $496,508 $3,648 2.79%
    Not applicable 198 $366,250,000 $1,849,747 $0 3.75%
    Black 163 $69,345,000 $425,429 $3,822 2.80%
    American Indian 10 $3,950,000 $395,000 $3,238 2.76%
    Native Hawaiian or Islander 1 $565,000 $565,000 $2,872 2.88%

    Approval Rates

    Total approvals of all applications
    98.53%

    Leader Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    90.17%

    Leader Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 13,127 $6,364,465,000 $484,838

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    13,127 $6,364,465,000 $484,838

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1,249 $377,575,000 $302,302 $2,938 2.64%
    40-60% 3,286 $1,415,550,000 $430,782 $3,062 2.72%
    60-80% 5,173 $2,878,545,000 $556,456 $3,630 2.88%
    80-100% 2,970 $1,627,460,000 $547,966 $4,414 2.76%
    Over 100% 6 $2,890,000 $481,667 $18,388 2.46%
    Under 20% 443 $62,445,000 $140,959 $2,628 2.85%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Leader Bank, National Association 1201 Massachusetts Avenue Arlington, MA 2476 Full Service B&M $140,531
    Leader Bank, National Association 141 Massachusetts Ave Arlington, MA 2474 Full Service B&M $1,071,590
    Leader Bank, National Association 363 Pleasant St Belmont, MA 2478 Full Service B&M $264,740
    Leader Bank, National Association 449 Massachusetts Avenue Arlington, MA 2474 Full Service B&M $82,784
    Leader Bank, National Association 48 Northern Avenue Boston, MA 2210 Full Service Retail $349,625
    Leader Bank, National Association 50 Mall Rd Burlington, MA 1803 Full Service B&M $110,480
    Leader Bank, National Association 675 Massachusetts Avenue Cambridge, MA 2139 Full Service B&M $199,003

    For 2021, Leader Bank had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $85,085
    Net interest income $74,261
    Total noninterest income $72,977
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $320
    Trading account gains and fees $0
    Additional Noninterest Income $72,657
    Pre-tax net operating income $81,366
    Securities gains (or losses, -) $1,596
    Income before extraordinary items $60,313
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $60,313
    Minority interest net income $0
    Net income $60,313
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $59,052

    Leader Bank's gross interest income from loans was $85,085,000.
    Leader Bank's net interest income from loans was $74,261,000.
    Leader Bank's fee based income from loans was $320,000.
    Leader Bank's net income from loans was $60,313,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $10,824
    Provision for credit losses $5,923
    Total noninterest expense $59,949
    Salaries and employee benefits $42,384
    Premises and equipment expense $4,549
    Additional noninterest expense $13,016
    Applicable income taxes $22,649
    Net charge-offs $-15
    Cash dividends $4,100

    Leader Bank's interest expense for loans was $10,824,000.
    Leader Bank's payroll and benefits expense were $42,384,000.
    Leader Bank's property, plant and equipment expenses $4,549,000.

    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 $2,658,985
    Deposits held in domestic offices $2,658,985
    Deposits by Individuals, partnerships, and corporations $1,976,558
    Deposits by U.S. Government $181
    Deposits by States and political subdivisions in the U.S. $653,933
    Deposits by Commercial banks and other depository institutions in U.S. $28,313
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $762,952
    Demand deposits $602,814
    Nontransaction accounts $1,896,033
    Money market deposit accounts (MMDAs) $1,254,393
    Other savings deposits (excluding MMDAs) $324,869
    Total time deposits $316,771
    Total time and savings deposits $2,056,171
    Noninterest-bearing deposits $762,952
    Interest-bearing deposits $1,896,033
    Retail deposits $2,429,649
    IRAs and Keogh plan accounts $97,998
    Brokered deposits $158,134
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $3,077,235
    Cash & Balances due from depository institutions $336,340
    Interest-bearing balances $318,432
    Total securities $325,045
    Federal funds sold & reverse repurchase $0
    Net loans and leases $2,345,162
    Loan and leases loss allowance $23,417
    Trading account assets $0
    Bank premises and fixed assets $16,542
    Other real estate owned $0
    Goodwill and other intangibles $20,303
    All other assets $33,843

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $3,077,235
    Total Liabilities $2,721,558
    Total deposits $2,658,985
    Interest-bearing deposits $1,896,033
    Deposits held in domestic offices $2,658,985
    % insured (estimated) $46
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $36,401
    Subordinated debt $0
    All other liabilities $26,172

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $2,345,162
    Loan and leases loss allowance $23,417
    Total loans and leases (domestic) $2,368,579
    All real estate loans $2,290,571
    Real estate loans in domestic offices $2,290,571
    Construction and development loans $44,102
    Residential 1-4 family construction $17,949
    Other construction, all land development and other land $26,153
    Loans secured by nonfarm nonresidential properties $535,041
    Nonfarm nonresidential secured by owner-occupied properties $114,930
    Commercial real estate & other non-farm, non-residential $420,111
    Multifamily residential real estate $485,070
    1-4 family residential loans $1,226,358
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $73,180
    To non-U.S. addressees $0
    Loans to individuals $4,495
    Credit card loans $0
    Related Plans $4,359
    Consumer Auto Loans $1
    Other loans to individuals $135
    All other loans & leases $333
    Loans to foreign governments and official institutions $0
    Other loans $333
    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 $296
    Non 1-4 family restructured loans & leases $132
    Total loans and leases (foreign) $0

    Leader Bank had $2,345,162,000 of loans outstanding in 2021. $2,290,571,000 of loans were in real estate loans. $44,102,000 of loans were in development loans. $485,070,000 of loans were in multifamily mortgage loans. $1,226,358,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $1,000 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 229 $81,165 $354,432
    Nonfarm, nonresidential loans - <$100k 11 $539 $49,000
    Nonfarm, nonresidential loans - $100-250k 54 $7,308 $135,333
    Nonfarm, nonresidential loans - $250k-1MM 164 $73,318 $447,061
    Commercial & Industrial, US addressed loans - <$1MM 854 $52,013 $60,905
    Commercial & Industrial, US addressed loans - <$100k 605 $11,200 $18,512
    Commercial & Industrial, US addressed loans - $100-250k 148 $15,465 $104,493
    Commercial & Industrial, US addressed loans - $250k-1MM 101 $25,348 $250,970