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

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%	4/28/24
30 Year Conventional Purchase	6.12%	4/28/24
30 Year Conventional Refi	6.24%	4/28/24
30 Year Cash-out Refi	6.41%	4/28/24
30 Year FHA Purchase	6.81%	4/28/24
30 Year FHA Refi	6.27%	4/28/24
30 Year VA Purchase	5.95%	4/28/24
30 Year VA Refi	5.62%	4/28/24
15 Year Conventional Purchase	5.30%	4/28/24
15 Year Conventional Refi	5.78%	4/28/24
15 Year Cash-out Refi	5.78%	4/28/24
15 Year FHA Purchase	5.68%	4/28/24
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.

Leader Bank Mortgage Calculator

Purchase Price:

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% Deposit:

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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

Awards

Leader Bank 30 Year Conventional Loans silver

Leader Bank 30 Year Conventional Loans bronze

Leader Bank 30 Year Conventional Loans gold

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.

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TOWN & COUNTRY FEDERAL CREDIT UNION
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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