County Savings Bank Mortgage Rates, Fees & Info

Tinicum Township, PA

LEI: 549300HP3G6D4BYR6V26

Tax ID: 23-0562235

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

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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

    County Savings Bank is a smaller bank specializing in Cash Out Refi and Home Purchase loans. County Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Philadelphia, New York, Ocean City, and Salisbury among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    County Savings Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. County 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.

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    Originations

    41

    Origination Dollar Volume (All Markets)

    $6,275,000

    Employee count

    19

    Awards

    County Savings Bank 30 Year Conventional Loans bronze
    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
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 37 $4,955,000 $133,919 $2,195 4.71%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $685,000 $685,000 $5,787 3.38%
    OCEAN CITY, NJ (FHA|USDA|VA) 2 $460,000 $230,000 $1,957 4.88%
    SALISBURY, MD-DE (FHA|USDA|VA) 1 $175,000 $175,000 $3,673 3.88%
    County Savings Bank's top markets include Philadelphia, New York, Ocean City, and Salisbury among others.

    Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Delaware (FHA|USDA|VA)

    • Similar Lenders

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

    FIDELITY SAVINGS AND LOAN ASSOCIATION OF BUCKS COUNTY
    Similarity Rank: 122
    Prudential Bank
    Similarity Rank: 162
    CREDIT UNION OF NEW JERSEY
    Similarity Rank: 180
    Columbia Bank
    Similarity Rank: 440
    DEL-ONE FEDERAL CREDIT UNION
    Similarity Rank: 528
    ABERDEEN PROVING GROUND FEDERAL CREDIT UNION
    Similarity Rank: 678
    Hamilton National Mortgage Company
    Similarity Rank: 774
    County Savings Bank
    Similarity Rank: 780
    PENNSYLVANIA STATE EMPLOYEES Credit Union
    Similarity Rank: 1026
    PINNACLE MORTGAGE, INC.
    Similarity Rank: 1176

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 41 $6,275,000 $153,049 $2,313 4.66%

    For 2019, County Savings Bank's most frequently originated type of loan was Conventional, with 41 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 22 $3,080,000 $140,000 $2,264 4.97%
    Home Purchase 8 $2,110,000 $263,750 $4,112 4.00%
    Home Improvement 7 $295,000 $42,143 $115 4.80%
    Refi 4 $790,000 $197,500 $3,338 4.09%

    For 2019, County Savings Bank's most frequently cited loan purpose was Cash Out Refi, with 22 originations. The 2nd most popular reason was Home Purchase, with 8 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 18 $4,190,000 $232,778 $3,936 4.23%
    20 Year 6 $520,000 $86,667 $1,443 5.77%
    15 Year 4 $280,000 $70,000 $931 4.62%
    10 Year 4 $310,000 $77,500 $1,070 5.72%
    5 Year 4 $80,000 $20,000 $113 4.94%
    Other 3 $875,000 $291,667 $2,949 3.88%
    3 Year 2 $20,000 $10,000 $131 3.88%

    For 2019, County Savings Bank's most frequently cited loan duration was 30 Year, with 18 originations. The 2nd most popular length was 20 Year, with 6 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 20 $4,650,000 $232,500
    $<1k 17 $805,000 $47,353
    $2k-3k 1 $425,000 $425,000

    County Savings Bank's average total fees were $3,936, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 20 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 18 $3,540,000 $196,667
    4-5% 11 $1,565,000 $142,273
    5-6% 8 $970,000 $121,250
    6-7% 3 $165,000 $55,000
    7-8% 1 $35,000 $35,000

    During 2019, County Savings Bank's average interest rate for loans was 4.23%, while their most frequently originated rate bucket for loans was 3-4%, with 18 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 18 $820,000 $45,556 $576 5.27%
    $200k-400k 11 $3,035,000 $275,909 $4,091 4.34%
    $100k-200k 10 $1,310,000 $131,000 $2,958 4.06%
    $400k-600k 1 $425,000 $425,000 $6,514 4.50%
    $600k-1MM 1 $685,000 $685,000 $5,787 3.38%

    2019 saw County Savings Bank place emphasis on $100,000 or less loans with 18 originations, totaling $820,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 9 $1,245,000 $138,333 $2,255 4.46%
    $50k-75k 8 $1,060,000 $132,500 $1,587 5.50%
    $75k-100k 6 $590,000 $98,333 $2,253 4.04%
    $50k or less 5 $315,000 $63,000 $1,269 4.09%
    $150k-250k 4 $1,260,000 $315,000 $4,677 4.00%
    $250k+ 3 $1,035,000 $345,000 $3,500 4.58%

    County Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 9 originations. The second most popular income band? $50k-75k, with 8 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 8 $1,150,000 $143,750 $2,656 4.30%
    30-36% 6 $1,130,000 $188,333 $2,819 4.46%
    <20% 5 $1,405,000 $281,000 $3,266 3.90%
    42% 3 $225,000 $75,000 $1,222 4.17%
    50-60% 3 $755,000 $251,667 $4,365 5.08%
    >60% 2 $200,000 $100,000 $1,007 6.19%
    41% 2 $390,000 $195,000 $1,867 4.23%
    38% 1 $45,000 $45,000 $121 4.50%
    43% 1 $15,000 $15,000 $111 5.00%
    44% 1 $115,000 $115,000 $3,376 3.50%
    49% 1 $35,000 $35,000 $111 6.00%

    County Savings Bank lent most frequently to those with DTI ratios of 20-30%, with 8 originations. The next most common DTI ratio? 30-36%, with 6 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 35 $5,505,000 $157,286 $2,345 4.53%
    Not applicable 6 $770,000 $128,333 $2,031 5.44%

    Approval Rates

    Total approvals of all applications
    100.00%

    County 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
    90.24%

    County Savings Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 41 $6,275,000 $153,049

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 41 $6,275,000 $153,049

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 6 $830,000 $138,333 $1,539 4.58%
    40-60% 6 $1,090,000 $181,667 $2,876 4.77%
    60-80% 16 $3,120,000 $195,000 $3,029 4.91%
    80-100% 6 $1,100,000 $183,333 $3,409 4.06%
    Under 20% 7 $135,000 $19,286 $119 4.60%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    County Savings Bank 10 Powhattan Ave Essington, PA 19029 Full Service B&M $47,112
    County Savings Bank 201 Milmont Avenue Milmont Park, PA 19033 Full Service B&M $30,735
    County Savings Bank 412 Wanamaker Ave. Essington, PA 19029 Limited, Administrative $0

    For 2019, County Savings Bank had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $3,051
    Net interest income $2,830
    Total noninterest income $160
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $157
    Trading account gains and fees $0
    Additional Noninterest Income $3
    Pre-tax net operating income $530
    Securities gains (or losses, -) $0
    Income before extraordinary items $406
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $406
    Minority interest net income $0
    Net income $406
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $406

    County Savings Bank's gross interest income from loans was $3,051,000.
    County Savings Bank's net interest income from loans was $2,830,000.
    County Savings Bank's fee based income from loans was $157,000.
    County Savings Bank's net income from loans was $406,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $221
    Provision for credit losses $24
    Total noninterest expense $2,436
    Salaries and employee benefits $1,495
    Premises and equipment expense $174
    Additional noninterest expense $767
    Applicable income taxes $124
    Net charge-offs $4
    Cash dividends $0

    County Savings Bank's interest expense for loans was $221,000.
    County Savings Bank's payroll and benefits expense were $1,495,000.
    County Savings Bank's property, plant and equipment expenses $174,000.

    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 $77,569
    Deposits held in domestic offices $77,569
    Deposits by Individuals, partnerships, and corporations $60,249
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $17,320
    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 $21,364
    Demand deposits $9,859
    Nontransaction accounts $56,205
    Money market deposit accounts (MMDAs) $19,281
    Other savings deposits (excluding MMDAs) $21,294
    Total time deposits $15,630
    Total time and savings deposits $67,710
    Noninterest-bearing deposits $10,440
    Interest-bearing deposits $67,129
    Retail deposits $76,895
    IRAs and Keogh plan accounts $4,871
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $84,281
    Cash & Balances due from depository institutions $32,431
    Interest-bearing balances $32,042
    Total securities $8,410
    Federal funds sold & reverse repurchase $0
    Net loans and leases $40,088
    Loan and leases loss allowance $353
    Trading account assets $0
    Bank premises and fixed assets $1,493
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $1,859

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $84,281
    Total Liabilities $78,250
    Total deposits $77,569
    Interest-bearing deposits $67,129
    Deposits held in domestic offices $77,569
    % insured (estimated) $78
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $681

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $40,088
    Loan and leases loss allowance $353
    Total loans and leases (domestic) $40,441
    All real estate loans $40,324
    Real estate loans in domestic offices $40,324
    Construction and development loans $230
    Residential 1-4 family construction $230
    Other construction, all land development and other land $0
    Loans secured by nonfarm nonresidential properties $4,384
    Nonfarm nonresidential secured by owner-occupied properties $3,418
    Commercial real estate & other non-farm, non-residential $966
    Multifamily residential real estate $1,238
    1-4 family residential loans $34,472
    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 $117
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $105
    Other loans to individuals $12
    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 $120
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    County Savings Bank had $40,088,000 of loans outstanding in 2019. $40,324,000 of loans were in real estate loans. $230,000 of loans were in development loans. $1,238,000 of loans were in multifamily mortgage loans. $34,472,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $105,000 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 21 $4,384 $208,762
    Nonfarm, nonresidential loans - <$100k 5 $230 $46,000
    Nonfarm, nonresidential loans - $100-250k 6 $973 $162,167
    Nonfarm, nonresidential loans - $250k-1MM 10 $3,181 $318,100