Greenville Savings Bank Mortgage Rates, Fees & Info

Greenville, PA

LEI: 549300H05YH2B8D1FY15

Tax ID: 25-0361790

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Greenville Savings Bank is a smaller bank specializing in Home Purchase and Refi loans. Greenville Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Youngstown, Meadville, New Castle, Oil City, and Pittsburgh among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Greenville Savings Bank 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.

    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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    Originations

    323

    Origination Dollar Volume (All Markets)

    $31,325,000

    Employee count

    42

    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
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 202 $18,770,000 $92,921 $0 0.00%
    Meadville, PA (FHA|USDA|VA) 51 $4,605,000 $90,294 $0 0.00%
    New Castle, PA (FHA|USDA|VA) 44 $4,400,000 $100,000 $0 0.00%
    Outside of Metro Areas 9 $1,705,000 $189,444 $0 0.00%
    Oil City, PA (FHA|USDA|VA) 11 $1,465,000 $133,182 $0 0.00%
    PITTSBURGH, PA (FHA|USDA|VA) 2 $190,000 $95,000 $0 0.00%
    Warren, PA (FHA|USDA|VA) 2 $150,000 $75,000 $0 0.00%
    Ashtabula, OH (FHA|USDA|VA) 2 $40,000 $20,000 $0 0.00%
    Greenville Savings Bank's top markets include Youngstown, Meadville, New Castle, Oil City, and Pittsburgh among others.

    Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 323 $31,325,000 $96,981 $0 0.00%

    For 2019, Greenville Savings Bank's most frequently originated type of loan was Conventional, with 323 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 141 $19,115,000 $135,567 $0 0.00%
    Refi 87 $7,555,000 $86,839 $0 0.00%
    Home Improvement 48 $2,140,000 $44,583 $0 0.00%
    Other 47 $2,515,000 $53,511 $0 0.00%

    For 2019, Greenville Savings Bank's most frequently cited loan purpose was Home Purchase, with 141 originations. The 2nd most popular reason was Refi, with 87 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 323 $31,325,000 $96,981 $0 0.00%

    For 2019, Greenville Savings Bank's most frequently cited loan duration was Other, with 323 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 191 $8,975,000 $46,990 $0 0.00%
    $100k-200k 105 $14,575,000 $138,810 $0 0.00%
    $200k-400k 25 $6,625,000 $265,000 $0 0.00%
    $400k-600k 1 $545,000 $545,000 $0 0.00%
    $600k-1MM 1 $605,000 $605,000 $0 0.00%

    2019 saw Greenville Savings Bank place emphasis on $100,000 or less loans with 191 originations, totaling $8,975,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 124 $10,070,000 $81,210 $0 0.00%
    $50k-75k 83 $8,015,000 $96,566 $0 0.00%
    $75k-100k 49 $5,285,000 $107,857 $0 0.00%
    $100k-150k 40 $3,650,000 $91,250 $0 0.00%
    $150k-250k 12 $1,380,000 $115,000 $0 0.00%
    $250k+ 4 $1,150,000 $287,500 $0 0.00%

    Greenville Savings Bank lent most frequently to those with incomes in the $50k or less range, with 124 originations. The second most popular income band? $50k-75k, with 83 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 323 $31,325,000 $96,981 $0 0.00%

    Greenville Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 323 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 314 $29,640,000 $94,395 $0 0.00%
    Not applicable 7 $1,515,000 $216,429 $0 0.00%
    Black 2 $170,000 $85,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    88.46%

    Greenville Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.47%

    Greenville Savings Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 323 $31,325,000 $96,981

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $545,000 $545,000
    Multifamily:Site-Built 2 $500,000 $250,000
    Single Family (1-4 Units):Manufactured 9 $545,000 $60,556
    Single Family (1-4 Units):Site-Built 311 $29,735,000 $95,611

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Greenville Savings Bank 233 Main Street Greenville, PA 16125 Full Service B&M $93,394
    Greenville Savings Bank 3302 Wilmington Road New Castle, PA 16105 Full Service B&M $27,230
    Greenville Savings Bank 550 North Hermitage Road Hermitage, PA 16148 Full Service B&M $77,775

    For 2019, Greenville Savings Bank had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $9,379
    Net interest income $6,757
    Total noninterest income $468
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $73
    Trading account gains and fees $0
    Additional Noninterest Income $395
    Pre-tax net operating income $1,877
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,503
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,503
    Minority interest net income $0
    Net income $1,503
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,503

    Greenville Savings Bank's gross interest income from loans was $9,379,000.
    Greenville Savings Bank's net interest income from loans was $6,757,000.
    Greenville Savings Bank's fee based income from loans was $73,000.
    Greenville Savings Bank's net income from loans was $1,503,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,622
    Provision for credit losses $180
    Total noninterest expense $5,168
    Salaries and employee benefits $3,147
    Premises and equipment expense $651
    Additional noninterest expense $1,370
    Applicable income taxes $374
    Net charge-offs $212
    Cash dividends $0

    Greenville Savings Bank's interest expense for loans was $2,622,000.
    Greenville Savings Bank's payroll and benefits expense were $3,147,000.
    Greenville Savings Bank's property, plant and equipment expenses $651,000.

    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 1.0%
    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 $202,187
    Deposits held in domestic offices $202,187
    Deposits by Individuals, partnerships, and corporations $202,187
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $0
    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 $30,831
    Demand deposits $10,824
    Nontransaction accounts $171,356
    Money market deposit accounts (MMDAs) $14,615
    Other savings deposits (excluding MMDAs) $56,689
    Total time deposits $100,052
    Total time and savings deposits $191,363
    Noninterest-bearing deposits $10,824
    Interest-bearing deposits $191,363
    Retail deposits $191,400
    IRAs and Keogh plan accounts $25,949
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $246,160
    Cash & Balances due from depository institutions $20,693
    Interest-bearing balances $19,307
    Total securities $30,096
    Federal funds sold & reverse repurchase $0
    Net loans and leases $182,094
    Loan and leases loss allowance $1,598
    Trading account assets $0
    Bank premises and fixed assets $2,134
    Other real estate owned $280
    Goodwill and other intangibles $14
    All other assets $10,849

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $246,160
    Total Liabilities $210,927
    Total deposits $202,187
    Interest-bearing deposits $191,363
    Deposits held in domestic offices $202,187
    % insured (estimated) $96
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $8,000
    Subordinated debt $0
    All other liabilities $740

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $182,094
    Loan and leases loss allowance $1,598
    Total loans and leases (domestic) $183,692
    All real estate loans $179,660
    Real estate loans in domestic offices $179,660
    Construction and development loans $5,120
    Residential 1-4 family construction $1,507
    Other construction, all land development and other land $3,613
    Loans secured by nonfarm nonresidential properties $16,485
    Nonfarm nonresidential secured by owner-occupied properties $9,502
    Commercial real estate & other non-farm, non-residential $6,983
    Multifamily residential real estate $2,591
    1-4 family residential loans $155,464
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $1,922
    To non-U.S. addressees $0
    Loans to individuals $1,998
    Credit card loans $0
    Related Plans $364
    Consumer Auto Loans $26
    Other loans to individuals $1,608
    All other loans & leases $157
    Loans to foreign governments and official institutions $0
    Other loans $157
    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 $1,028
    Non 1-4 family restructured loans & leases $1,028
    Total loans and leases (foreign) $0

    Greenville Savings Bank had $182,094,000 of loans outstanding in 2019. $179,660,000 of loans were in real estate loans. $5,120,000 of loans were in development loans. $2,591,000 of loans were in multifamily mortgage loans. $155,464,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $26,000 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 123 $16,485 $134,024
    Nonfarm, nonresidential loans - <$100k 55 $1,963 $35,691
    Nonfarm, nonresidential loans - $100-250k 38 $4,582 $120,579
    Nonfarm, nonresidential loans - $250k-1MM 30 $9,940 $331,333
    Commercial & Industrial, US addressed loans - <$1MM 60 $1,922 $32,033
    Commercial & Industrial, US addressed loans - <$100k 55 $888 $16,145
    Commercial & Industrial, US addressed loans - $100-250k 2 $74 $37,000
    Commercial & Industrial, US addressed loans - $250k-1MM 3 $960 $320,000