Piscataqua Savings Bank Mortgage Rates, Fees & Info

Portsmouth, NH

LEI: 549300HI3FIGFR7SU483

Tax ID: 02-0179065

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

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

    Piscataqua Savings Bank is a smaller bank specializing in Refi and Home Purchase loans. Piscataqua Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Portland, and Laconia among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Piscataqua 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. Piscataqua Savings Bank 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.18% 11/21/24
    30 Year Conventional Refi 6.33% 11/21/24
    15 Year Conventional Purchase 5.53% 11/21/24
    15 Year Conventional Refi 7.65% 11/21/24
    15 Year Cash-out Refi 7.65% 11/21/24
    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.

    Piscataqua Savings Bank Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from Piscataqua Savings Bank. 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

    99

    Origination Dollar Volume (All Markets)

    $50,435,000

    Employee count

    39

    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
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 71 $38,115,000 $536,831 $3,631 2.99%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 27 $11,935,000 $442,037 $3,678 2.99%
    Laconia, NH (FHA|USDA|VA) 1 $385,000 $385,000 $2,731 3.25%
    Piscataqua Savings Bank's top markets include Boston, Portland, and Laconia among others.

    Their top states include:
  • New Hampshire (FHA|USDA|VA)
  • Maine (FHA|USDA|VA)

    • Similar Lenders

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

    INFINITY Federal Credit Union
    Similarity Rank: 136
    CASCO
    Similarity Rank: 226
    TOWN & COUNTRY FEDERAL CREDIT UNION
    Similarity Rank: 240
    Sharon & Crescent United Credit Union
    Similarity Rank: 335
    CUMBERLAND COUNTY
    Similarity Rank: 464
    LUSO-AMERICAN CREDIT UNION
    Similarity Rank: 474
    Kennebec Savings Bank
    Similarity Rank: 535
    Saco & Biddeford Savings Institution
    Similarity Rank: 556
    Bath Savings Institution
    Similarity Rank: 648
    Maine Savings Federal Credit Union
    Similarity Rank: 650

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 99 $50,435,000 $509,444 $3,634 3.00%

    For 2021, Piscataqua Savings Bank's most frequently originated type of loan was Conventional, with 99 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 70 $24,710,000 $353,000 $3,030 2.96%
    Home Purchase 29 $25,725,000 $887,069 $5,036 3.09%

    For 2021, Piscataqua Savings Bank's most frequently cited loan purpose was Refi, with 70 originations. The 2nd most popular reason was Home Purchase, with 29 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 80 $44,690,000 $558,625 $3,692 3.08%
    15 Year 15 $3,745,000 $249,667 $2,935 2.53%
    30+ year 3 $1,845,000 $615,000 $5,990 3.08%
    10 Year 1 $155,000 $155,000 $2,748 2.88%

    For 2021, Piscataqua Savings Bank's most frequently cited loan duration was 30 Year, with 80 originations. The 2nd most popular length was 15 Year, with 15 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 71 $29,185,000 $411,056
    $1k-2k 21 $18,055,000 $859,762
    $2k-3k 1 $375,000 $375,000

    Piscataqua Savings Bank's average total fees were $3,692, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 71 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 43 $26,535,000 $617,093
    3-4% 41 $20,055,000 $489,146
    <2.5% 14 $3,600,000 $257,143

    During 2021, Piscataqua Savings Bank's average interest rate for loans was 3.08%, while their most frequently originated rate bucket for loans was 2.5-3%, with 43 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 29 $8,375,000 $288,793 $3,088 2.96%
    $400k-600k 23 $11,345,000 $493,261 $3,379 2.97%
    $100k-200k 19 $2,945,000 $155,000 $2,684 2.90%
    $600k-1MM 17 $11,805,000 $694,412 $4,735 3.19%
    $1MM+ 9 $15,815,000 $1,757,222 $6,401 3.03%
    $100,000 or less 2 $150,000 $75,000 $1,795 3.00%

    2021 saw Piscataqua Savings Bank place emphasis on $200k-400k loans with 29 originations, totaling $8,375,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 27 $24,485,000 $906,852 $4,863 3.04%
    $150k-250k 24 $12,090,000 $503,750 $3,653 3.07%
    $100k-150k 22 $8,130,000 $369,545 $3,182 2.98%
    $50k-75k 12 $2,130,000 $177,500 $2,667 2.96%
    $75k-100k 9 $2,395,000 $266,111 $2,952 2.89%
    $50k or less 3 $395,000 $131,667 $2,667 2.79%

    Piscataqua Savings Bank lent most frequently to those with incomes in the $250k+ range, with 27 originations. The second most popular income band? $150k-250k, with 24 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 27 $16,385,000 $606,852 $4,057 3.06%
    <20% 19 $8,235,000 $433,421 $3,326 2.84%
    30-36% 14 $7,500,000 $535,714 $3,622 3.13%
    42% 5 $2,235,000 $447,000 $3,481 2.90%
    44% 5 $1,675,000 $335,000 $3,004 2.78%
    37% 4 $1,670,000 $417,500 $3,425 2.97%
    45% 4 $1,820,000 $455,000 $3,527 2.75%
    41% 3 $1,465,000 $488,333 $3,679 3.50%
    36% 3 $1,735,000 $578,333 $3,720 3.00%
    50-60% 3 $1,665,000 $555,000 $3,479 3.29%
    40% 3 $2,655,000 $885,000 $4,300 3.00%
    47% 3 $1,275,000 $425,000 $3,861 3.08%
    46% 2 $850,000 $425,000 $3,448 2.81%
    38% 2 $450,000 $225,000 $2,814 2.94%
    43% 1 $165,000 $165,000 $2,870 2.88%
    49% 1 $655,000 $655,000 $3,859 2.88%

    Piscataqua Savings Bank lent most frequently to those with DTI ratios of 20-30%, with 27 originations. The next most common DTI ratio? <20%, with 19 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 83 $41,025,000 $494,277 $3,616 3.02%
    Not provided 15 $8,785,000 $585,667 $3,737 2.83%
    American Indian 1 $625,000 $625,000 $3,635 3.63%

    Approval Rates

    Total approvals of all applications
    95.20%

    Piscataqua Savings Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    87.88%

    Piscataqua Savings Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 99 $50,435,000 $509,444

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    99 $50,435,000 $509,444

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 21 $5,135,000 $244,524 $2,918 2.86%
    40-60% 26 $8,620,000 $331,538 $2,939 3.00%
    60-80% 33 $19,705,000 $597,121 $3,874 3.09%
    80-100% 15 $16,295,000 $1,086,333 $5,407 3.03%
    Under 20% 3 $435,000 $145,000 $2,636 2.67%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Piscataqua Savings Bank 15 Pleasant St Portsmouth, NH 3801 Full Service B&M $284,651

    For 2021, Piscataqua Savings Bank had 1 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $7,535
    Net interest income $5,933
    Total noninterest income $3,040
    Gross Fiduciary activities income $2,324
    Service charges on deposit accounts $54
    Trading account gains and fees $0
    Additional Noninterest Income $662
    Pre-tax net operating income $1,623
    Securities gains (or losses, -) $4
    Income before extraordinary items $1,362
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,362
    Minority interest net income $0
    Net income $1,362
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,358

    Piscataqua Savings Bank's gross interest income from loans was $7,535,000.
    Piscataqua Savings Bank's net interest income from loans was $5,933,000.
    Piscataqua Savings Bank's fee based income from loans was $54,000.
    Piscataqua Savings Bank's net income from loans was $1,362,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,602
    Provision for credit losses $-54
    Total noninterest expense $7,404
    Salaries and employee benefits $4,965
    Premises and equipment expense $785
    Additional noninterest expense $1,654
    Applicable income taxes $265
    Net charge-offs $0
    Cash dividends $0

    Piscataqua Savings Bank's interest expense for loans was $1,602,000.
    Piscataqua Savings Bank's payroll and benefits expense were $4,965,000.
    Piscataqua Savings Bank's property, plant and equipment expenses $785,000.

    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 3.0%
    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 $297,994
    Deposits held in domestic offices $297,994
    Deposits by Individuals, partnerships, and corporations $297,622
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $372
    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 $75,436
    Demand deposits $8,240
    Nontransaction accounts $222,558
    Money market deposit accounts (MMDAs) $81,120
    Other savings deposits (excluding MMDAs) $44,941
    Total time deposits $96,497
    Total time and savings deposits $289,754
    Noninterest-bearing deposits $8,240
    Interest-bearing deposits $289,754
    Retail deposits $277,659
    IRAs and Keogh plan accounts $18,077
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $347,943
    Cash & Balances due from depository institutions $18,441
    Interest-bearing balances $17,670
    Total securities $122,446
    Federal funds sold & reverse repurchase $0
    Net loans and leases $182,173
    Loan and leases loss allowance $1,567
    Trading account assets $0
    Bank premises and fixed assets $7,921
    Other real estate owned $0
    Goodwill and other intangibles $154
    All other assets $16,808

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $347,943
    Total Liabilities $300,305
    Total deposits $297,994
    Interest-bearing deposits $289,754
    Deposits held in domestic offices $297,994
    % insured (estimated) $85
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $2,311

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $182,173
    Loan and leases loss allowance $1,567
    Total loans and leases (domestic) $183,740
    All real estate loans $181,281
    Real estate loans in domestic offices $181,281
    Construction and development loans $1,785
    Residential 1-4 family construction $1,785
    Other construction, all land development and other land $0
    Loans secured by nonfarm nonresidential properties $0
    Nonfarm nonresidential secured by owner-occupied properties $0
    Commercial real estate & other non-farm, non-residential $0
    Multifamily residential real estate $0
    1-4 family residential loans $179,496
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $0
    To non-U.S. addressees $0
    Loans to individuals $1,436
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $0
    Other loans to individuals $1,436
    All other loans & leases $1,023
    Loans to foreign governments and official institutions $0
    Other loans $1,023
    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 $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Piscataqua Savings Bank had $182,173,000 of loans outstanding in 2021. $181,281,000 of loans were in real estate loans. $1,785,000 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $179,496,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $0 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan