The Bank Of Greene County Mortgage Rates, Fees & Info

Catskill, NY

LEI: 549300G0QSZVT1E3RS89

Tax ID: 14-0553610

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

Jump to:

  • 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

    The Bank Of Greene County is a smaller bank specializing in Home Purchase and Refi loans. The Bank Of Greene County has a high proportion of conventional loans. Their top markets by origination volume include: Hudson, Albany, Kingston, Poughkeepsie, and Springfield among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The Bank Of Greene County 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. The Bank Of Greene County 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
    30 Year Conventional Purchase 6.08% 12/16/24
    30 Year Conventional Refi 6.16% 12/16/24
    15 Year Conventional Purchase 6.12% 12/16/24
    15 Year Conventional Refi 6.01% 12/16/24
    15 Year Cash-out Refi 6.01% 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.

    The Bank Of Greene County Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from The Bank Of Greene County. 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

    358

    Origination Dollar Volume (All Markets)

    $66,020,000

    Employee count

    171

    Awards

    The Bank of Greene County 30 Year Conventional Loans bronze
    Show all (1) 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
    Outside of Metro Areas 140 $20,990,000 $149,929 $1,820 4.73%
    Hudson, NY (FHA|USDA|VA) 104 $19,040,000 $183,077 $2,542 4.71%
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 56 $14,440,000 $257,857 $2,775 5.07%
    KINGSTON, NY (FHA|USDA|VA) 44 $8,570,000 $194,773 $2,343 4.74%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 6 $1,470,000 $245,000 $1,704 4.64%
    SPRINGFIELD, MA (FHA|USDA|VA) 6 $1,380,000 $230,000 $0 4.92%
    UTICA-ROME, NY (FHA|USDA|VA) 1 $65,000 $65,000 $1,771 4.24%
    GLENS FALLS, NY (FHA|USDA|VA) 1 $65,000 $65,000 $0 6.50%
    The Bank Of Greene County's top markets include Hudson, Albany, Kingston, Poughkeepsie, and Springfield among others.

    Their top states include:
  • New York (FHA|USDA|VA)
  • Massachusetts (FHA|USDA|VA)

    • Similar Lenders

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

    The Bank of Greene County
    Similarity Rank: 120
    SEFCU SERVICES, LLC
    Similarity Rank: 156
    TrustCo Bank
    Similarity Rank: 156
    HOMESTEAD FUNDING CORP.
    Similarity Rank: 3536
    Citibank
    Similarity Rank: 4275
    KeyBank
    Similarity Rank: 5610
    JPMorgan Chase Bank
    Similarity Rank: 7794
    CALIBER HOME LOANS, INC.
    Similarity Rank: 9141
    Wells Fargo Bank
    Similarity Rank: 9230
    QUICKEN LOANS, LLC
    Similarity Rank: 22272

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 358 $66,020,000 $184,413 $2,191 4.78%

    For 2019, The Bank Of Greene County's most frequently originated type of loan was Conventional, with 358 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 163 $32,125,000 $197,086 $3,408 4.89%
    Refi 131 $27,655,000 $211,107 $2,089 4.51%
    Home Improvement 41 $4,805,000 $117,195 $598 5.03%
    Other 23 $1,435,000 $62,391 $942 5.13%

    For 2019, The Bank Of Greene County's most frequently cited loan purpose was Home Purchase, with 163 originations. The 2nd most popular reason was Refi, with 131 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 134 $34,140,000 $254,776 $3,247 5.17%
    10 Year 94 $7,840,000 $83,404 $861 4.84%
    15 Year 70 $10,580,000 $151,143 $1,586 4.30%
    30 Year 36 $11,300,000 $313,889 $4,577 4.04%
    Other 15 $1,845,000 $123,000 $960 4.98%
    5 Year 9 $315,000 $35,000 $452 4.86%

    For 2019, The Bank Of Greene County's most frequently cited loan duration was 20 Year, with 134 originations. The 2nd most popular length was 10 Year, with 94 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 111 $7,005,000 $63,108
    $1k-2k 89 $15,455,000 $173,652
    $3k-4k 12 $4,420,000 $368,333
    $2k-3k 10 $3,130,000 $313,000
    $5k+ 9 $4,915,000 $546,111
    $4k-5k 5 $1,445,000 $289,000

    The Bank Of Greene County's average total fees were $4,577, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 111 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 151 $26,815,000 $177,583
    5-6% 110 $23,000,000 $209,091
    3-4% 79 $14,755,000 $186,772
    6-7% 16 $1,400,000 $87,500
    Over 8% 2 $50,000 $25,000

    During 2019, The Bank Of Greene County's average interest rate for loans was 4.04%, while their most frequently originated rate bucket for loans was 4-5%, with 151 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 126 $7,110,000 $56,429 $805 5.00%
    $100k-200k 125 $18,185,000 $145,480 $2,061 4.60%
    $200k-400k 78 $20,690,000 $265,256 $3,649 4.78%
    $400k-600k 19 $8,815,000 $463,947 $6,847 4.58%
    $600k-1MM 7 $5,505,000 $786,429 $9,161 4.53%
    $1MM+ 3 $5,715,000 $1,905,000 $0 5.21%

    2019 saw The Bank Of Greene County place emphasis on $100,000 or less loans with 126 originations, totaling $7,110,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 66 $7,600,000 $115,152 $1,659 4.60%
    $100k-150k 55 $8,865,000 $161,182 $2,190 4.56%
    $75k-100k 46 $5,730,000 $124,565 $1,762 4.62%
    $50k or less 35 $2,815,000 $80,429 $1,315 4.71%
    $150k-250k 32 $7,510,000 $234,688 $3,079 4.43%
    $250k+ 29 $7,835,000 $270,172 $4,127 4.43%

    The Bank Of Greene County lent most frequently to those with incomes in the $50k-75k range, with 66 originations. The second most popular income band? $100k-150k, with 55 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 60 $8,630,000 $143,833 $2,158 4.44%
    30-36% 45 $6,325,000 $140,556 $1,873 4.34%
    42% 23 $3,945,000 $171,522 $2,504 4.55%
    39% 21 $3,785,000 $180,238 $2,571 4.26%
    <20% 16 $2,720,000 $170,000 $2,437 4.72%
    40% 14 $1,930,000 $137,857 $2,598 4.55%
    41% 12 $1,870,000 $155,833 $2,208 4.52%
    37% 11 $2,105,000 $191,364 $2,768 4.33%
    36% 10 $1,250,000 $125,000 $1,621 4.31%
    38% 10 $1,520,000 $152,000 $2,054 4.25%
    48% 2 $160,000 $80,000 $811 4.50%
    49% 1 $485,000 $485,000 $4,791 3.44%
    50-60% 1 $95,000 $95,000 $970 3.44%
    >60% 1 $25,000 $25,000 $434 5.38%
    45% 1 $25,000 $25,000 $509 5.25%
    46% 1 $415,000 $415,000 $8,342 4.75%
    47% 1 $125,000 $125,000 $2,097 4.12%

    The Bank Of Greene County lent most frequently to those with DTI ratios of 20-30%, with 60 originations. The next most common DTI ratio? 30-36%, with 45 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 252 $38,490,000 $152,738 $2,035 4.62%
    Not applicable 82 $21,320,000 $260,000 $711 5.37%
    Not provided 15 $3,465,000 $231,000 $3,585 4.40%
    Black 4 $1,420,000 $355,000 $6,656 4.35%
    Asian 4 $1,290,000 $322,500 $6,315 5.13%
    Filipino 1 $35,000 $35,000 $0 5.38%

    Approval Rates

    Total approvals of all applications
    90.77%

    The Bank Of Greene County has an average approval rate.

    Pick Rate

    Approvals leading to origination
    80.17%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 358 $66,020,000 $184,413

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $195,000 $195,000
    Multifamily:Site-Built 26 $13,510,000 $519,615
    Single Family (1-4 Units):Manufactured 31 $2,235,000 $72,097
    Single Family (1-4 Units):Site-Built 300 $50,080,000 $166,933

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 47 $4,395,000 $93,511 $1,129 4.82%
    40-60% 70 $12,790,000 $182,714 $1,942 4.44%
    60-80% 123 $32,255,000 $262,236 $2,970 4.80%
    80-100% 75 $15,155,000 $202,067 $3,430 4.72%
    Under 20% 43 $1,425,000 $33,140 $467 5.36%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    TD BANK US HOLDING COMPANY Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 7 6.9%
    TD BANK US HOLDING COMPANY Conventional home mortgage Closing on a mortgage 10 9.8%
    TD BANK US HOLDING COMPANY Conventional home mortgage Struggling to pay mortgage 7 6.9%
    TD BANK US HOLDING COMPANY Conventional home mortgage Trouble during payment process 34 33.3%
    TD BANK US HOLDING COMPANY FHA mortgage Struggling to pay mortgage 1 1.0%
    TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 4 3.9%
    TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Closing on a mortgage 4 3.9%
    TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Incorrect information on your report 2 2.0%
    TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Struggling to pay mortgage 7 6.9%
    TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Trouble during payment process 13 12.7%
    TD BANK US HOLDING COMPANY Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 1.0%
    TD BANK US HOLDING COMPANY Other type of mortgage Incorrect information on your report 2 2.0%
    TD BANK US HOLDING COMPANY Other type of mortgage Struggling to pay mortgage 2 2.0%
    TD BANK US HOLDING COMPANY Other type of mortgage Trouble during payment process 7 6.9%
    TD BANK US HOLDING COMPANY Reverse mortgage Closing on a mortgage 1 1.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The Bank of Greene County 4 Garland Lane Greenville, NY 12083 Full Service B&M $64,465
    The Bank of Greene County 425 Main Street Catskill, NY 12414 Full Service B&M $511,791
    The Bank of Greene County 100 Catskill Commons Catskill, NY 12414 Full Service B&M $44,305
    The Bank of Greene County 106 Fairview Avenue Hudson, NY 12534 Full Service B&M $86,873
    The Bank of Greene County 179 County Route 7a Copake, NY 12516 Full Service B&M $11,917
    The Bank of Greene County 2 Miron Lane Kingston, NY 12401 Full Service B&M $53,474
    The Bank of Greene County 2 Technology Drive West Coxsackie, NY 12192 Full Service B&M $64,060
    The Bank of Greene County 21 North 7th Street Hudson, NY 12534 Full Service B&M $23,399
    The Bank of Greene County 230 Matthew Simons Road Cairo, NY 12413 Full Service B&M $86,393
    The Bank of Greene County 2494 U.S. Route 9w Ravena, NY 12143 Full Service B&M $30,596
    The Bank of Greene County 2631 Route 66 Ghent, NY 12075 Full Service B&M $40,245
    The Bank of Greene County 302 Main Street Catskill, NY 12414 Limited, Administrative $0
    The Bank of Greene County 4266 State Route 9g Germantown, NY 12526 Full Service B&M $18,932
    The Bank of Greene County 593 Ny Route 143 Westerlo, NY 12193 Full Service B&M $22,708
    The Bank of Greene County 6176 Main Street Tannersville, NY 12485 Full Service B&M $50,864
    The Bank of Greene County 81 Mill Hill Rd Woodstock, NY 12498 Full Service B&M $13,070

    For 2019, The Bank Of Greene County had 16 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $50,042
    Net interest income $42,095
    Total noninterest income $8,407
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $4,210
    Trading account gains and fees $0
    Additional Noninterest Income $4,197
    Pre-tax net operating income $20,747
    Securities gains (or losses, -) $50
    Income before extraordinary items $17,420
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $17,420
    Minority interest net income $0
    Net income $17,420
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $17,378

    The Bank Of Greene County's gross interest income from loans was $50,042,000.
    The Bank Of Greene County's net interest income from loans was $42,095,000.
    The Bank Of Greene County's fee based income from loans was $4,210,000.
    The Bank Of Greene County's net income from loans was $17,420,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $7,947
    Provision for credit losses $2,191
    Total noninterest expense $27,564
    Salaries and employee benefits $15,978
    Premises and equipment expense $2,458
    Additional noninterest expense $9,128
    Applicable income taxes $3,377
    Net charge-offs $880
    Cash dividends $2,004

    The Bank Of Greene County's interest expense for loans was $7,947,000.
    The Bank Of Greene County's payroll and benefits expense were $15,978,000.
    The Bank Of Greene County's property, plant and equipment expenses $2,458,000.

    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 $1,246,394
    Deposits held in domestic offices $1,246,394
    Deposits by Individuals, partnerships, and corporations $733,665
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $512,729
    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 $151,610
    Demand deposits $28,275
    Nontransaction accounts $1,094,784
    Money market deposit accounts (MMDAs) $841,688
    Other savings deposits (excluding MMDAs) $217,118
    Total time deposits $35,978
    Total time and savings deposits $1,218,119
    Noninterest-bearing deposits $111,181
    Interest-bearing deposits $1,135,213
    Retail deposits $1,245,728
    IRAs and Keogh plan accounts $18,437
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,439,651
    Cash & Balances due from depository institutions $33,149
    Interest-bearing balances $23,444
    Total securities $525,253
    Federal funds sold & reverse repurchase $0
    Net loans and leases $851,218
    Loan and leases loss allowance $13,984
    Trading account assets $0
    Bank premises and fixed assets $14,974
    Other real estate owned $303
    Goodwill and other intangibles $0
    All other assets $14,754

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,439,651
    Total Liabilities $1,322,806
    Total deposits $1,246,394
    Interest-bearing deposits $1,135,213
    Deposits held in domestic offices $1,246,394
    % insured (estimated) $86
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $61,500
    Subordinated debt $0
    All other liabilities $14,912

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $851,218
    Loan and leases loss allowance $13,984
    Total loans and leases (domestic) $865,202
    All real estate loans $761,681
    Real estate loans in domestic offices $761,681
    Construction and development loans $76,463
    Residential 1-4 family construction $10,165
    Other construction, all land development and other land $66,298
    Loans secured by nonfarm nonresidential properties $244,351
    Nonfarm nonresidential secured by owner-occupied properties $118,947
    Commercial real estate & other non-farm, non-residential $125,404
    Multifamily residential real estate $71,999
    1-4 family residential loans $368,868
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $88,089
    To non-U.S. addressees $0
    Loans to individuals $5,757
    Credit card loans $0
    Related Plans $118
    Consumer Auto Loans $2,003
    Other loans to individuals $3,636
    All other loans & leases $9,675
    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 $749
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    The Bank of Greene County had $851,218,000 of loans outstanding in 2019. $761,681,000 of loans were in real estate loans. $76,463,000 of loans were in development loans. $71,999,000 of loans were in multifamily mortgage loans. $368,868,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $2,003,000 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 594 $126,902 $213,640
    Nonfarm, nonresidential loans - <$100k 119 $6,637 $55,773
    Nonfarm, nonresidential loans - $100-250k 224 $29,329 $130,933
    Nonfarm, nonresidential loans - $250k-1MM 251 $90,936 $362,295
    Commercial & Industrial, US addressed loans - <$1MM 789 $57,065 $72,326
    Commercial & Industrial, US addressed loans - <$100k 607 $20,383 $33,580
    Commercial & Industrial, US addressed loans - $100-250k 115 $12,977 $112,843
    Commercial & Industrial, US addressed loans - $250k-1MM 67 $23,705 $353,806