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 Refi and Home Purchase 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 10 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

    501

    Origination Dollar Volume (All Markets)

    $121,905,000

    Employee count

    182

    Awards

    The Bank of Greene County 30 Year Conventional Loans silver
    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 197 $36,745,000 $186,523 $2,206 3.79%
    Hudson, NY (FHA|USDA|VA) 140 $35,730,000 $255,214 $3,618 3.74%
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 80 $24,130,000 $301,625 $2,320 4.05%
    KINGSTON, NY (FHA|USDA|VA) 57 $13,175,000 $231,140 $2,819 3.83%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 14 $5,890,000 $420,714 $4,051 3.67%
    SPRINGFIELD, MA (FHA|USDA|VA) 3 $3,295,000 $1,098,333 $0 3.78%
    PITTSFIELD, MA (FHA|USDA|VA) 6 $2,220,000 $370,000 $0 4.74%
    Torrington, CT (FHA|USDA|VA) 1 $325,000 $325,000 $0 4.74%
    GLENS FALLS, NY (FHA|USDA|VA) 2 $290,000 $145,000 $2,879 3.43%
    UTICA-ROME, NY (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.49%
    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)
  • Connecticut (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.

    Ulster Savings Bank
    Similarity Rank: 168
    The Bank of Greene County
    Similarity Rank: 290
    TrustCo Bank
    Similarity Rank: 325
    SEFCU SERVICES, LLC
    Similarity Rank: 378
    Berkshire Bank
    Similarity Rank: 630
    HOMESTEAD FUNDING CORP.
    Similarity Rank: 4875
    Wells Fargo Bank
    Similarity Rank: 7352
    KeyBank
    Similarity Rank: 8189
    Citibank
    Similarity Rank: 9557
    JPMorgan Chase Bank
    Similarity Rank: 11375

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 501 $121,905,000 $243,323 $2,776 3.83%

    For 2020, The Bank Of Greene County's most frequently originated type of loan was Conventional, with 501 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 230 $55,610,000 $241,783 $2,177 3.53%
    Home Purchase 215 $59,785,000 $278,070 $4,320 4.05%
    Home Improvement 35 $4,055,000 $115,857 $1,423 4.33%
    Other 21 $2,455,000 $116,905 $1,384 4.06%

    For 2020, The Bank Of Greene County's most frequently cited loan purpose was Refi, with 230 originations. The 2nd most popular reason was Home Purchase, with 215 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 148 $27,020,000 $182,568 $1,867 3.55%
    20 Year 142 $45,860,000 $322,958 $3,175 4.30%
    10 Year 90 $14,550,000 $161,667 $1,415 3.56%
    Other 58 $18,310,000 $315,690 $4,853 4.15%
    30 Year 38 $11,200,000 $294,737 $4,289 3.28%
    30+ year 14 $4,500,000 $321,429 $6,873 3.33%
    5 Year 11 $465,000 $42,273 $544 4.63%

    For 2020, The Bank Of Greene County's most frequently cited loan duration was 15 Year, with 148 originations. The 2nd most popular length was 20 Year, with 142 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 140 $26,240,000 $187,429
    $<1k 123 $10,325,000 $83,943
    $2k-3k 52 $15,040,000 $289,231
    $3k-4k 27 $10,735,000 $397,593
    $5k+ 18 $10,760,000 $597,778
    $4k-5k 6 $2,350,000 $391,667

    The Bank Of Greene County's average total fees were $4,289, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 140 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 335 $81,905,000 $244,493
    4-5% 126 $30,850,000 $244,841
    5-6% 27 $4,225,000 $156,481
    2.5-3% 8 $4,540,000 $567,500
    6-7% 5 $385,000 $77,000

    During 2020, The Bank Of Greene County's average interest rate for loans was 3.28%, while their most frequently originated rate bucket for loans was 3-4%, with 335 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 190 $27,460,000 $144,526 $1,910 3.81%
    $200k-400k 157 $42,475,000 $270,541 $3,687 3.69%
    $100,000 or less 94 $6,120,000 $65,106 $977 4.06%
    $400k-600k 35 $16,375,000 $467,857 $5,884 3.75%
    $600k-1MM 16 $12,120,000 $757,500 $10,049 4.23%
    $1MM+ 9 $17,355,000 $1,928,333 $31,421 3.76%

    2020 saw The Bank Of Greene County place emphasis on $100k-200k loans with 190 originations, totaling $27,460,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 101 $18,545,000 $183,614 $2,524 3.73%
    $150k-250k 73 $16,995,000 $232,808 $3,262 3.56%
    $75k-100k 68 $12,150,000 $178,676 $2,391 3.59%
    $50k-75k 54 $7,110,000 $131,667 $1,882 3.73%
    $250k+ 47 $19,805,000 $421,383 $5,373 3.51%
    $50k or less 34 $3,100,000 $91,176 $1,366 3.75%

    The Bank Of Greene County lent most frequently to those with incomes in the $100k-150k range, with 101 originations. The second most popular income band? $150k-250k, with 73 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 88 $16,200,000 $184,091 $2,477 3.67%
    20-30% 78 $15,030,000 $192,692 $2,774 3.58%
    <20% 45 $10,745,000 $238,778 $2,975 3.37%
    42% 28 $6,710,000 $239,643 $3,276 3.68%
    40% 25 $4,975,000 $199,000 $2,784 3.72%
    37% 16 $3,590,000 $224,375 $2,939 3.59%
    41% 16 $4,110,000 $256,875 $3,365 3.48%
    38% 15 $3,965,000 $264,333 $4,020 3.54%
    36% 13 $1,945,000 $149,615 $1,940 3.45%
    39% 7 $1,855,000 $265,000 $4,002 3.43%
    44% 5 $965,000 $193,000 $1,869 3.83%
    50-60% 4 $770,000 $192,500 $2,509 3.90%
    43% 3 $565,000 $188,333 $1,626 3.11%
    46% 3 $405,000 $135,000 $1,894 3.81%
    >60% 2 $490,000 $245,000 $2,007 3.14%
    48% 1 $205,000 $205,000 $2,659 2.92%
    49% 1 $305,000 $305,000 $3,522 3.74%
    47% 1 $115,000 $115,000 $1,213 3.04%
    45% 1 $125,000 $125,000 $2,989 3.74%

    The Bank Of Greene County lent most frequently to those with DTI ratios of 30-36%, with 88 originations. The next most common DTI ratio? 20-30%, with 78 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 360 $71,500,000 $198,611 $2,621 3.66%
    Not applicable 105 $39,945,000 $380,429 $1,313 4.45%
    Not provided 30 $8,810,000 $293,667 $4,800 3.68%
    Black 3 $795,000 $265,000 $2,809 4.49%
    Asian 2 $750,000 $375,000 $3,598 3.39%
    American Indian 1 $105,000 $105,000 $1,994 3.74%

    Approval Rates

    Total approvals of all applications
    91.20%

    The Bank Of Greene County has an average approval rate.

    Pick Rate

    Approvals leading to origination
    80.84%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 501 $121,905,000 $243,323

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 2 $1,170,000 $585,000
    Multifamily:Site-Built 33 $25,555,000 $774,394
    Single Family (1-4 Units):Manufactured 35 $3,315,000 $94,714
    Single Family (1-4 Units):Site-Built 431 $91,865,000 $213,144

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 51 $7,475,000 $146,569 $1,339 3.52%
    40-60% 104 $23,880,000 $229,615 $2,391 3.63%
    60-80% 226 $67,460,000 $298,496 $3,304 3.89%
    80-100% 94 $21,560,000 $229,362 $3,665 3.92%
    Under 20% 26 $1,530,000 $58,846 $627 4.43%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    TD BANK US HOLDING COMPANY Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 22 14.9%
    TD BANK US HOLDING COMPANY Conventional home mortgage Closing on a mortgage 17 11.5%
    TD BANK US HOLDING COMPANY Conventional home mortgage Credit monitoring or identity theft protection services 1 0.7%
    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 1 0.7%
    TD BANK US HOLDING COMPANY Conventional home mortgage Struggling to pay mortgage 4 2.7%
    TD BANK US HOLDING COMPANY Conventional home mortgage Trouble during payment process 51 34.5%
    TD BANK US HOLDING COMPANY FHA mortgage Applying for a mortgage or refinancing an existing mortgage 2 1.4%
    TD BANK US HOLDING COMPANY FHA mortgage Trouble during payment process 3 2.0%
    TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 5 3.4%
    TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Closing on a mortgage 7 4.7%
    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 4 2.7%
    TD BANK US HOLDING COMPANY Home equity loan or line of credit (HELOC) Trouble during payment process 17 11.5%
    TD BANK US HOLDING COMPANY Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 2 1.4%
    TD BANK US HOLDING COMPANY Other type of mortgage Closing on a mortgage 2 1.4%
    TD BANK US HOLDING COMPANY Other type of mortgage Trouble during payment process 8 5.4%

    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 $61,207
    The Bank of Greene County 106 Fairview Avenue Hudson, NY 12534 Full Service B&M $112,277
    The Bank of Greene County 179 County Route 7a Copake, NY 12516 Full Service B&M $18,650
    The Bank of Greene County 2 Miron Lane Kingston, NY 12401 Full Service B&M $79,797
    The Bank of Greene County 2 Technology Drive West Coxsackie, NY 12192 Full Service B&M $73,101
    The Bank of Greene County 21 North 7th Street Hudson, NY 12534 Full Service B&M $34,387
    The Bank of Greene County 230 Matthew Simons Road Cairo, NY 12413 Full Service B&M $104,739
    The Bank of Greene County 2494 U.S. Route 9w Ravena, NY 12143 Full Service B&M $38,961
    The Bank of Greene County 2631 Route 66 Ghent, NY 12075 Full Service B&M $73,632
    The Bank of Greene County 2827 Route 9 Valatie, NY 12184 Full Service B&M $14,939
    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 $72,690
    The Bank of Greene County 425 Main Street Catskill, NY 12414 Full Service B&M $679,964
    The Bank of Greene County 4266 State Route 9g Germantown, NY 12526 Full Service B&M $27,864
    The Bank of Greene County 593 Ny Route 143 Westerlo, NY 12193 Full Service B&M $28,807
    The Bank of Greene County 6176 Main Street Tannersville, NY 12485 Full Service B&M $60,049
    The Bank of Greene County 81 Mill Hill Rd Woodstock, NY 12498 Full Service B&M $23,327

    For 2020, The Bank Of Greene County had 17 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $56,229
    Net interest income $49,643
    Total noninterest income $8,089
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $3,430
    Trading account gains and fees $0
    Additional Noninterest Income $4,659
    Pre-tax net operating income $21,776
    Securities gains (or losses, -) $26
    Income before extraordinary items $18,963
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $18,963
    Minority interest net income $0
    Net income $18,963
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $18,940

    The Bank Of Greene County's gross interest income from loans was $56,229,000.
    The Bank Of Greene County's net interest income from loans was $49,643,000.
    The Bank Of Greene County's fee based income from loans was $3,430,000.
    The Bank Of Greene County's net income from loans was $18,963,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $6,586
    Provision for credit losses $5,169
    Total noninterest expense $30,787
    Salaries and employee benefits $18,121
    Premises and equipment expense $2,595
    Additional noninterest expense $10,071
    Applicable income taxes $2,839
    Net charge-offs $883
    Cash dividends $2,004

    The Bank Of Greene County's interest expense for loans was $6,586,000.
    The Bank Of Greene County's payroll and benefits expense were $18,121,000.
    The Bank Of Greene County's property, plant and equipment expenses $2,595,000.

    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 $1,685,228
    Deposits held in domestic offices $1,685,228
    Deposits by Individuals, partnerships, and corporations $1,080,846
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $604,382
    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 $215,778
    Demand deposits $39,816
    Nontransaction accounts $1,469,450
    Money market deposit accounts (MMDAs) $1,170,910
    Other savings deposits (excluding MMDAs) $263,420
    Total time deposits $35,120
    Total time and savings deposits $1,645,412
    Noninterest-bearing deposits $160,650
    Interest-bearing deposits $1,524,578
    Retail deposits $1,682,926
    IRAs and Keogh plan accounts $19,007
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,860,315
    Cash & Balances due from depository institutions $55,556
    Interest-bearing balances $45,476
    Total securities $741,165
    Federal funds sold & reverse repurchase $9
    Net loans and leases $1,031,733
    Loan and leases loss allowance $18,270
    Trading account assets $0
    Bank premises and fixed assets $16,096
    Other real estate owned $385
    Goodwill and other intangibles $0
    All other assets $15,371

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,860,315
    Total Liabilities $1,709,746
    Total deposits $1,685,228
    Interest-bearing deposits $1,524,578
    Deposits held in domestic offices $1,685,228
    % insured (estimated) $77
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $6,100
    Subordinated debt $0
    All other liabilities $18,418

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,031,733
    Loan and leases loss allowance $18,270
    Total loans and leases (domestic) $1,050,003
    All real estate loans $889,664
    Real estate loans in domestic offices $889,664
    Construction and development loans $89,004
    Residential 1-4 family construction $10,142
    Other construction, all land development and other land $78,862
    Loans secured by nonfarm nonresidential properties $307,255
    Nonfarm nonresidential secured by owner-occupied properties $140,090
    Commercial real estate & other non-farm, non-residential $167,165
    Multifamily residential real estate $104,060
    1-4 family residential loans $389,345
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $139,254
    To non-U.S. addressees $0
    Loans to individuals $4,832
    Credit card loans $0
    Related Plans $87
    Consumer Auto Loans $1,767
    Other loans to individuals $2,978
    All other loans & leases $16,253
    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 $580
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    The Bank of Greene County had $1,031,733,000 of loans outstanding in 2020. $889,664,000 of loans were in real estate loans. $89,004,000 of loans were in development loans. $104,060,000 of loans were in multifamily mortgage loans. $389,345,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $1,767,000 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 639 $151,970 $237,825
    Nonfarm, nonresidential loans - <$100k 115 $7,305 $63,522
    Nonfarm, nonresidential loans - $100-250k 228 $29,217 $128,145
    Nonfarm, nonresidential loans - $250k-1MM 296 $115,448 $390,027
    Commercial & Industrial, US addressed loans - <$1MM 1,557 $92,281 $59,268
    Commercial & Industrial, US addressed loans - <$100k 1,246 $33,272 $26,703
    Commercial & Industrial, US addressed loans - $100-250k 217 $24,849 $114,512
    Commercial & Industrial, US addressed loans - $250k-1MM 94 $34,160 $363,404