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 Refi and Home Purchase 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 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Greenville Savings Bank 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.

    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

    351

    Origination Dollar Volume (All Markets)

    $40,305,000

    Employee count

    40

    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) 244 $26,900,000 $110,246 $0 0.00%
    Meadville, PA (FHA|USDA|VA) 45 $4,675,000 $103,889 $0 0.00%
    New Castle, PA (FHA|USDA|VA) 34 $4,090,000 $120,294 $0 0.00%
    Outside of Metro Areas 17 $2,615,000 $153,824 $0 0.00%
    Oil City, PA (FHA|USDA|VA) 7 $1,215,000 $173,571 $0 0.00%
    PITTSBURGH, PA (FHA|USDA|VA) 3 $775,000 $258,333 $0 0.00%
    Ashtabula, OH (FHA|USDA|VA) 1 $35,000 $35,000 $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 351 $40,305,000 $114,829 $0 0.00%

    For 2020, Greenville Savings Bank's most frequently originated type of loan was Conventional, with 351 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 170 $19,100,000 $112,353 $0 0.00%
    Home Purchase 113 $17,585,000 $155,619 $0 0.00%
    Home Improvement 37 $1,625,000 $43,919 $0 0.00%
    Other 31 $1,995,000 $64,355 $0 0.00%

    For 2020, Greenville Savings Bank's most frequently cited loan purpose was Refi, with 170 originations. The 2nd most popular reason was Home Purchase, with 113 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 351 $40,305,000 $114,829 $0 0.00%

    For 2020, Greenville Savings Bank's most frequently cited loan duration was Other, with 351 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 181 $9,495,000 $52,459 $0 0.00%
    $100k-200k 127 $17,665,000 $139,094 $0 0.00%
    $200k-400k 38 $10,350,000 $272,368 $0 0.00%
    $400k-600k 4 $2,060,000 $515,000 $0 0.00%
    $600k-1MM 1 $735,000 $735,000 $0 0.00%

    2020 saw Greenville Savings Bank place emphasis on $100,000 or less loans with 181 originations, totaling $9,495,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 121 $11,455,000 $94,669 $0 0.00%
    $50k-75k 78 $7,880,000 $101,026 $0 0.00%
    $75k-100k 60 $7,530,000 $125,500 $0 0.00%
    $100k-150k 56 $5,930,000 $105,893 $0 0.00%
    $150k-250k 26 $4,900,000 $188,462 $0 0.00%
    $250k+ 5 $1,935,000 $387,000 $0 0.00%

    Greenville Savings Bank lent most frequently to those with incomes in the $50k or less range, with 121 originations. The second most popular income band? $50k-75k, with 78 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 351 $40,305,000 $114,829 $0 0.00%

    Greenville Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 351 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 344 $39,020,000 $113,430 $0 0.00%
    Not applicable 4 $630,000 $157,500 $0 0.00%
    Black 2 $510,000 $255,000 $0 0.00%
    Asian 1 $145,000 $145,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.33%

    Greenville Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.75%

    Greenville Savings Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 351 $40,305,000 $114,829

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 2 $890,000 $445,000
    Multifamily:Site-Built 1 $125,000 $125,000
    Single Family (1-4 Units):Manufactured 15 $915,000 $61,000
    Single Family (1-4 Units):Site-Built 333 $38,375,000 $115,240

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Greenville Savings Bank 233 Main Street Greenville, PA 16125 Full Service B&M $101,171
    Greenville Savings Bank 3302 Wilmington Road New Castle, PA 16105 Full Service B&M $28,112
    Greenville Savings Bank 550 North Hermitage Road Hermitage, PA 16148 Full Service B&M $87,316

    For 2020, Greenville Savings Bank had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $9,172
    Net interest income $6,667
    Total noninterest income $490
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $55
    Trading account gains and fees $0
    Additional Noninterest Income $435
    Pre-tax net operating income $1,455
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,170
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,170
    Minority interest net income $0
    Net income $1,170
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,170

    Greenville Savings Bank's gross interest income from loans was $9,172,000.
    Greenville Savings Bank's net interest income from loans was $6,667,000.
    Greenville Savings Bank's fee based income from loans was $55,000.
    Greenville Savings Bank's net income from loans was $1,170,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,505
    Provision for credit losses $180
    Total noninterest expense $5,522
    Salaries and employee benefits $3,455
    Premises and equipment expense $644
    Additional noninterest expense $1,423
    Applicable income taxes $285
    Net charge-offs $195
    Cash dividends $0

    Greenville Savings Bank's interest expense for loans was $2,505,000.
    Greenville Savings Bank's payroll and benefits expense were $3,455,000.
    Greenville Savings Bank's property, plant and equipment expenses $644,000.

    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 $228,191
    Deposits held in domestic offices $228,191
    Deposits by Individuals, partnerships, and corporations $228,191
    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 $40,465
    Demand deposits $15,740
    Nontransaction accounts $187,726
    Money market deposit accounts (MMDAs) $13,112
    Other savings deposits (excluding MMDAs) $81,634
    Total time deposits $92,980
    Total time and savings deposits $212,451
    Noninterest-bearing deposits $15,740
    Interest-bearing deposits $212,451
    Retail deposits $218,037
    IRAs and Keogh plan accounts $27,616
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $273,398
    Cash & Balances due from depository institutions $30,692
    Interest-bearing balances $29,371
    Total securities $32,038
    Federal funds sold & reverse repurchase $0
    Net loans and leases $196,870
    Loan and leases loss allowance $1,583
    Trading account assets $0
    Bank premises and fixed assets $2,053
    Other real estate owned $0
    Goodwill and other intangibles $7
    All other assets $11,738

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $273,399
    Total Liabilities $236,996
    Total deposits $228,191
    Interest-bearing deposits $212,451
    Deposits held in domestic offices $228,191
    % insured (estimated) $95
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $8,000
    Subordinated debt $0
    All other liabilities $805

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $196,870
    Loan and leases loss allowance $1,583
    Total loans and leases (domestic) $198,453
    All real estate loans $194,197
    Real estate loans in domestic offices $194,197
    Construction and development loans $6,181
    Residential 1-4 family construction $1,941
    Other construction, all land development and other land $4,240
    Loans secured by nonfarm nonresidential properties $23,159
    Nonfarm nonresidential secured by owner-occupied properties $12,915
    Commercial real estate & other non-farm, non-residential $10,244
    Multifamily residential real estate $1,922
    1-4 family residential loans $162,935
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $2,862
    To non-U.S. addressees $0
    Loans to individuals $1,415
    Credit card loans $0
    Related Plans $358
    Consumer Auto Loans $16
    Other loans to individuals $1,041
    All other loans & leases $0
    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 $601
    Non 1-4 family restructured loans & leases $277
    Total loans and leases (foreign) $0

    Greenville Savings Bank had $196,870,000 of loans outstanding in 2020. $194,197,000 of loans were in real estate loans. $6,181,000 of loans were in development loans. $1,922,000 of loans were in multifamily mortgage loans. $162,935,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $16,000 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 129 $22,762 $176,450
    Nonfarm, nonresidential loans - <$100k 51 $1,872 $36,706
    Nonfarm, nonresidential loans - $100-250k 43 $5,361 $124,674
    Nonfarm, nonresidential loans - $250k-1MM 35 $15,529 $443,686
    Commercial & Industrial, US addressed loans - <$1MM 89 $2,862 $32,157
    Commercial & Industrial, US addressed loans - <$100k 70 $1,218 $17,400
    Commercial & Industrial, US addressed loans - $100-250k 15 $1,173 $78,200
    Commercial & Industrial, US addressed loans - $250k-1MM 4 $471 $117,750