The Bank Of Greene County Mortgage Rates, Fees & Info
Catskill, NYLEI: 549300G0QSZVT1E3RS89
Tax ID: 14-0553610
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Mortgage Data
Bank Data
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 Utica among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)The Bank Of Greene County has an 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 an average 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.08% | 4/21/24 |
| 30 Year Conventional Refi | 6.16% | 4/21/24 |
| 15 Year Conventional Purchase | 6.12% | 4/21/24 |
| 15 Year Conventional Refi | 6.01% | 4/21/24 |
| 15 Year Cash-out Refi | 6.01% | 4/21/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
466Origination Dollar Volume (All Markets)
$138,730,000Employee count
189Top 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 |
|---|---|---|---|---|---|
| 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% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 466 | $138,730,000 | $297,704 | $3,349 | 3.56% |
For 2021, The Bank Of Greene County's most frequently originated type of loan was Conventional, with 466 originations.
Loan Reason
For 2021, The Bank Of Greene County's most frequently cited loan purpose was Refi, with 227 originations. The 2nd most popular reason was Home Purchase, with 173 originations.
Loan Duration/Length
For 2021, The Bank Of Greene County's most frequently cited loan duration was 15 Year, with 134 originations. The 2nd most popular length was 20 Year, with 116 originations.
Origination Fees/Closing Costs
The Bank Of Greene County's average total fees were $5,566, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.28%, while their most frequently originated rate bucket for loans was 3-4%, with 337 originations.
Loan Sizing
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
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
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
Approval Rates
Total approvals of all applications88.90%
The Bank Of Greene County has an average approval rate.
Pick Rate
Approvals leading to origination81.55%
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 |
LTV Distribution
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 | 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 |
| 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 |
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 |