The Bank Of Greene County Mortgage Rates, Fees & Info

Catskill, NY

LEI: 549300G0QSZVT1E3RS89

Tax ID: 14-0553610

3.8 stars - out of 5 stars, based on 22 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

The Bank Of Greene County is a smaller bank specializing in Refi and Home Purchase loans. The Bank Of Greene County has a high proportion of conventional loans. Their top markets include Hudson, Albany, Kingston, Poughkeepsie, and Utica among others. The Bank Of Greene County has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. The Bank Of Greene County is typically an average fee lendor.


Originations

466

Origination Dollar Volume (All Markets)

$138,730,000

Employee count

189

Relative Rate

The Bank Of Greene County's average 30 year fixed rate mortgage of loans were 3.28%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 0.13%.

Relative Fees

The Bank Of Greene County's average total fees for a 30 year fixed rate mortgage are $5,566.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Hudson, NY (FHA|USDA|VA) 143 $48,895,000 $341,923 $5,004 3.59%
Outside of Metro Areas 179 $33,905,000 $189,413 $2,274 3.44%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 78 $30,960,000 $396,923 $2,287 3.66%
KINGSTON, NY (FHA|USDA|VA) 46 $14,430,000 $313,696 $3,413 3.59%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 11 $6,235,000 $566,818 $5,928 3.68%
UTICA-ROME, NY (FHA|USDA|VA) 4 $2,480,000 $620,000 $4,166 3.67%
SPRINGFIELD, MA (FHA|USDA|VA) 3 $1,135,000 $378,333 $0 4.33%
Oneonta, NY (FHA|USDA|VA) 1 $635,000 $635,000 $0 4.49%
Amsterdam, NY (FHA|USDA|VA) 1 $55,000 $55,000 $0 5.75%

The Bank Of Greene County's top markets include Hudson, Albany, Kingston, Poughkeepsie, and Utica among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 466 $138,730,000 $297,704 $3,349 3.56%

For the 2021 period, The Bank Of Greene County's most frequently originated loan type of loans were Conventional, with 466 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 227 $68,905,000 $303,546 $2,840 3.34%
Home Purchase 173 $58,805,000 $339,913 $5,123 3.85%
Home Improvement 48 $8,460,000 $176,250 $2,116 3.55%
Other 18 $2,560,000 $142,222 $1,722 3.52%

For the 2021, The Bank Of Greene County's most frequently cited loan purpose of loans were Refi, with 227 originations. The 2nd most popular reason of loans were Home Purchase, with 173 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
15 Year 134 $29,230,000 $218,134 $2,017 3.30%
20 Year 116 $34,500,000 $297,414 $3,379 4.06%
10 Year 93 $20,785,000 $223,495 $1,555 3.41%
30 Year 50 $19,100,000 $382,000 $5,566 3.28%
Other 44 $20,700,000 $470,455 $3,943 3.75%
30+ year 22 $14,190,000 $645,000 $10,739 3.24%
5 Year 7 $225,000 $32,143 $535 4.14%

For the 2021, The Bank Of Greene County's most frequently cited loan length of loans were 15 Year, with 134 originations. The 2nd most popular length of loans were 20 Year, with 116 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$1k-2k 129 $23,075,000 $178,876
$<1k 117 $9,405,000 $80,385
$2k-3k 42 $12,200,000 $290,476
$3k-4k 38 $15,020,000 $395,263
$5k+ 31 $26,395,000 $851,452

$5,566 of loans were The Bank Of Greene County's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 129 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 337 $106,225,000 $315,208
4-5% 86 $24,480,000 $284,651
2.5-3% 30 $5,950,000 $198,333
5-6% 12 $2,050,000 $170,833
7-8% 1 $25,000 $25,000

During 2021, The Bank Of Greene County's average interest rate of loans were 3.28%, while their most frequently originated rate bucket of loans were 3-4%, with 337 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 163 $23,375,000 $143,405 $2,061 3.47%
$200k-400k 128 $34,560,000 $270,000 $3,469 3.53%
$100,000 or less 91 $5,425,000 $59,615 $933 3.68%
$400k-600k 43 $20,815,000 $484,070 $7,275 3.62%
$1MM+ 24 $42,030,000 $1,751,250 $20,367 3.54%
$600k-1MM 17 $12,525,000 $736,765 $8,440 3.91%

2021 saw The Bank Of Greene County place emphasis on $100k-200k loans with 163 originations, totaling $23,375,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 79 $15,415,000 $195,127 $2,828 3.46%
$50k-75k 70 $8,850,000 $126,429 $2,020 3.47%
$150k-250k 64 $16,990,000 $265,469 $3,606 3.40%
$75k-100k 64 $11,110,000 $173,594 $2,408 3.29%
$250k+ 59 $33,545,000 $568,559 $7,840 3.40%
$50k or less 31 $2,505,000 $80,806 $1,413 3.44%

The Bank Of Greene County lent most frequently to those with incomes in the $100k-150k range, with 79 originations. The second most popular income band? $50k-75k, with 70 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 101 $27,755,000 $274,802 $4,079 3.46%
30-36% 82 $18,580,000 $226,585 $3,288 3.41%
<20% 47 $10,395,000 $221,170 $2,888 3.23%
42% 26 $6,120,000 $235,385 $2,636 3.26%
41% 20 $4,610,000 $230,500 $3,279 3.34%
40% 20 $4,680,000 $234,000 $3,088 3.38%
37% 17 $4,135,000 $243,235 $3,730 3.45%
38% 14 $2,320,000 $165,714 $2,630 3.47%
39% 12 $4,000,000 $333,333 $3,860 3.16%
36% 11 $1,475,000 $134,091 $1,677 3.32%
46% 3 $695,000 $231,667 $4,193 3.57%
47% 3 $585,000 $195,000 $2,108 3.34%
44% 2 $460,000 $230,000 $3,081 3.18%
48% 2 $410,000 $205,000 $2,256 3.14%
50-60% 2 $530,000 $265,000 $4,356 3.43%
>60% 1 $195,000 $195,000 $2,228 3.54%

The Bank Of Greene County lent most frequently to those with DTI ratios of 20-30%, with 101 originations. The next most common DTI ratio? 30-36%, with 82 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 339 $77,645,000 $229,041 $3,125 3.42%
Not applicable 86 $46,930,000 $545,698 $0 4.19%
Not provided 27 $9,695,000 $359,074 $5,742 3.49%
Asian 9 $2,455,000 $272,778 $4,382 3.38%
Black 4 $1,800,000 $450,000 $4,609 3.22%
American Indian 1 $205,000 $205,000 $1,943 3.24%

Approval Rates

Total approvals of all applications
90.95%

The Bank Of Greene County has an average approval rate.

Pick Rate

Approvals leading to origination
79.53%

The Bank Of Greene County has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 466 $138,730,000 $297,704

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
466 $138,730,000 $297,704

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 60 $9,830,000 $163,833 $1,520 3.11%
40-60% 120 $30,850,000 $257,083 $2,791 3.42%
60-80% 202 $81,670,000 $404,307 $4,868 3.69%
80-100% 53 $12,585,000 $237,453 $3,919 3.66%
Under 20% 31 $3,795,000 $122,419 $659 3.97%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
TD BANK US HOLDING COMPANY Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 24 16.9%
TD BANK US HOLDING COMPANY Conventional home mortgage Closing on a mortgage 13 9.2%
TD BANK US HOLDING COMPANY Conventional home mortgage Improper use of your report 1 0.7%
TD BANK US HOLDING COMPANY Conventional home mortgage Incorrect information on your report 4 2.8%
TD BANK US HOLDING COMPANY Conventional home mortgage Struggling to pay mortgage 6 4.2%
TD BANK US HOLDING COMPANY Conventional home mortgage Trouble during payment process 37 26.1%
TD BANK US HOLDING COMPANY FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 0.7%
TD BANK US HOLDING COMPANY FHA mortgage Struggling to pay mortgage 2 1.4%
TD BANK US HOLDING COMPANY FHA mortgage Trouble during payment process 1 0.7%
TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 15 10.6%
TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Closing on a mortgage 6 4.2%
TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Incorrect information on your report 1 0.7%
TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Struggling to pay mortgage 2 1.4%
TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Trouble during payment process 11 7.7%
TD BANK US HOLDING COMPANY Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 7 4.9%
TD BANK US HOLDING COMPANY Other type of mortgage Closing on a mortgage 1 0.7%
TD BANK US HOLDING COMPANY Other type of mortgage Struggling to pay mortgage 1 0.7%
TD BANK US HOLDING COMPANY Other type of mortgage Trouble during payment process 6 4.2%
TD BANK US HOLDING COMPANY VA mortgage Applying for a mortgage or refinancing an existing mortgage 2 1.4%
TD BANK US HOLDING COMPANY VA mortgage Trouble during payment process 1 0.7%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
The Bank of Greene County 100 Catskill Commons Catskill, NY 12414 Full Service B&M $78,132
The Bank of Greene County 2 Technology Drive West Coxsackie, NY 12192 Full Service B&M $88,135
The Bank of Greene County 21 North 7th Street Hudson, NY 12534 Full Service B&M $59,852
The Bank of Greene County 230 Matthew Simons Road Cairo, NY 12413 Full Service B&M $123,277
The Bank of Greene County 2494 U.S. Route 9w Ravena, NY 12143 Full Service B&M $41,286
The Bank of Greene County 2631 Route 66 Ghent, NY 12075 Full Service B&M $90,079
The Bank of Greene County 2827 Route 9 Valatie, NY 12184 Full Service B&M $27,175
The Bank of Greene County 302 Main Street Catskill, NY 12414 Limited, Administrative $0
The Bank of Greene County 4 Garland Lane Greenville, NY 12083 Full Service B&M $84,953
The Bank of Greene County 425 Main Street Catskill, NY 12414 Full Service B&M $923,191
The Bank of Greene County 4266 State Route 9g Germantown, NY 12526 Full Service B&M $41,151
The Bank of Greene County 593 Ny Route 143 Westerlo, NY 12193 Full Service B&M $37,289
The Bank of Greene County 6176 Main Street Tannersville, NY 12485 Full Service B&M $77,274
The Bank of Greene County 81 Mill Hill Rd Woodstock, NY 12498 Full Service B&M $39,061
The Bank of Greene County 103 Wolf Road Albany, NY 12205 Full Service B&M $43,402
The Bank of Greene County 106 Fairview Avenue Hudson, NY 12534 Full Service B&M $137,935
The Bank of Greene County 179 County Route 7a Copake, NY 12516 Full Service B&M $24,464
The Bank of Greene County 2 Miron Lane Kingston, NY 12401 Full Service B&M $89,925

For 2021, The Bank Of Greene County had 18 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $61,960
Net interest income $58,472
Total noninterest income $10,901
Gross Fiduciary activities income $0
Service charges on deposit accounts $3,901
Trading account gains and fees $0
Additional Noninterest Income $7,000
Pre-tax net operating income $31,384
Securities gains (or losses, -) $0
Income before extraordinary items $26,917
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $26,917
Minority interest net income $0
Net income $26,917
Sale, conversion, retirement of capital stock, net $0
Net operating income $26,917

The Bank Of Greene County's gross interest income from loans was $61,960,000.
The Bank Of Greene County's net interest income from loans was $58,472,000.
The Bank Of Greene County's fee based income from loans was $3,901,000.
The Bank Of Greene County's net income from loans was $26,917,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $3,488
Provision for credit losses $3,737
Total noninterest expense $34,252
Salaries and employee benefits $19,479
Premises and equipment expense $2,978
Additional noninterest expense $11,795
Applicable income taxes $4,467
Net charge-offs $323
Cash dividends $2,004

The Bank Of Greene County's interest expense for loans was $3,488,000.
The Bank Of Greene County's payroll and benefits expense were $19,479,000.
The Bank Of Greene County's property, plant and equipment expenses $2,978,000.

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 $2,092,493
Deposits held in domestic offices $2,092,493
Deposits by Individuals, partnerships, and corporations $1,266,892
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $825,601
Deposits by Commercial banks and other depository institutions in U.S. $0
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $251,178
Demand deposits $43,107
Nontransaction accounts $1,841,315
Money market deposit accounts (MMDAs) $1,484,672
Other savings deposits (excluding MMDAs) $321,681
Total time deposits $34,962
Total time and savings deposits $2,049,386
Noninterest-bearing deposits $198,619
Interest-bearing deposits $1,893,874
Retail deposits $2,089,370
IRAs and Keogh plan accounts $19,133
Brokered deposits $0
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $2,340,211
Cash & Balances due from depository institutions $61,993
Interest-bearing balances $51,099
Total securities $1,068,210
Federal funds sold & reverse repurchase $10
Net loans and leases $1,123,169
Loan and leases loss allowance $21,684
Trading account assets $0
Bank premises and fixed assets $16,127
Other real estate owned $0
Goodwill and other intangibles $0
All other assets $70,702

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $2,340,211
Total Liabilities $2,152,336
Total deposits $2,092,493
Interest-bearing deposits $1,893,874
Deposits held in domestic offices $2,092,493
% insured (estimated) $76
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $40,000
Subordinated debt $0
All other liabilities $19,843

Issued Loan Types

Type Value (in 000's)
Net loans and leases $1,123,169
Loan and leases loss allowance $21,684
Total loans and leases (domestic) $1,144,853
All real estate loans $1,028,003
Real estate loans in domestic offices $1,028,003
Construction and development loans $95,610
Residential 1-4 family construction $14,948
Other construction, all land development and other land $80,662
Loans secured by nonfarm nonresidential properties $347,327
Nonfarm nonresidential secured by owner-occupied properties $134,507
Commercial real estate & other non-farm, non-residential $212,820
Multifamily residential real estate $153,900
1-4 family residential loans $431,166
Farmland loans $0
Loans held in foreign offices $0
Farm loans $0
Commercial and industrial loans $92,518
To non-U.S. addressees $0
Loans to individuals $4,557
Credit card loans $0
Related Plans $95
Consumer Auto Loans $1,689
Other loans to individuals $2,773
All other loans & leases $19,775
Loans to foreign governments and official institutions $0
Other loans $0
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 $4,825
Non 1-4 family restructured loans & leases $4,101
Total loans and leases (foreign) $0

The Bank of Greene County had $1,123,169,000 of loans outstanding in 2021. $1,028,003,000 of loans were in real estate loans. $95,610,000 of loans were in development loans. $153,900,000 of loans were in multifamily mortgage loans. $431,166,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $1,689,000 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 617 $149,447 $242,216
Nonfarm, nonresidential loans - <$100k 94 $4,899 $52,117
Nonfarm, nonresidential loans - $100-250k 228 $29,022 $127,289
Nonfarm, nonresidential loans - $250k-1MM 295 $115,526 $391,614
Commercial & Industrial, US addressed loans - <$1MM 834 $56,589 $67,853
Commercial & Industrial, US addressed loans - <$100k 613 $15,375 $25,082
Commercial & Industrial, US addressed loans - $100-250k 144 $15,827 $109,910
Commercial & Industrial, US addressed loans - $250k-1MM 77 $25,387 $329,701