Haddon Savings Bank Mortgage Rates, Fees & Info

Haddon Heights, NJ

LEI: 549300IE8IEY5YINFE12

Tax ID: 21-0468823

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

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

    Haddon 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. Haddon 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

    153

    Origination Dollar Volume (All Markets)

    $18,425,000

    Employee count

    27

    Awards

    Haddon Savings Bank 30 Year Conventional Loans gold Haddon Savings Bank 30 Year Conventional Loans gold Haddon Savings Bank 30 Year Conventional Loans gold
    Show all (3) 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) 146 $16,860,000 $115,479 $1,256 4.00%
    OCEAN CITY, NJ (FHA|USDA|VA) 3 $655,000 $218,333 $2,592 4.50%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 3 $605,000 $201,667 $0 0.00%
    VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
    Haddon Savings Bank's top markets include Philadelphia, Ocean City, Atlantic City, and Vineland among others.

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

    • Similar Lenders

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

    Iron Workers Savings Bank
    Similarity Rank: 63
    Haddon Savings Bank
    Similarity Rank: 116
    FIDELITY SAVINGS AND LOAN ASSOCIATION OF BUCKS COUNTY
    Similarity Rank: 126
    ABERDEEN PROVING GROUND FEDERAL CREDIT UNION
    Similarity Rank: 135
    Columbia Bank
    Similarity Rank: 136
    WASHINGTON SAVINGS BANK
    Similarity Rank: 225
    COMMUNITY POWERED
    Similarity Rank: 228
    Penn Community Bank
    Similarity Rank: 576
    Third Federal Savings and Loan Association of Cleveland
    Similarity Rank: 614
    ESSA Bank & Trust
    Similarity Rank: 710

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 85 $10,265,000 $120,765 $1,276 4.01%
    Conventional 68 $8,160,000 $120,000 $0 0.00%

    For 2018, Haddon Savings Bank's most frequently originated type of loan was Conventional, with 85 originations. Their 2nd most popular type was Conventional, with 68 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 59 $10,255,000 $173,814 $2,745 4.35%
    Refi 51 $5,385,000 $105,588 $665 3.73%
    Home Improvement 27 $1,745,000 $64,630 $146 3.69%
    Other 16 $1,040,000 $65,000 $648 4.22%

    For 2018, Haddon Savings Bank's most frequently cited loan purpose was Home Purchase, with 59 originations. The 2nd most popular reason was Refi, with 51 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 76 $8,900,000 $117,105 $936 3.92%
    15 Year 31 $3,445,000 $111,129 $868 3.89%
    30 Year 16 $3,220,000 $201,250 $2,872 4.28%
    10 Year 13 $1,035,000 $79,615 $723 3.57%
    20 Year 9 $1,515,000 $168,333 $2,212 5.33%
    5 Year 8 $310,000 $38,750 $3 3.23%

    For 2018, Haddon Savings Bank's most frequently cited loan duration was Other, with 76 originations. The 2nd most popular length was 15 Year, with 31 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 65 $7,495,000 $115,308
    $2k-3k 2 $370,000 $185,000
    $4k-5k 1 $205,000 $205,000

    Haddon Savings Bank's average total fees were $2,872, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 65 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 49 $4,845,000 $98,878
    4-5% 29 $4,445,000 $153,276
    6-7% 5 $485,000 $97,000
    2.5-3% 1 $205,000 $205,000
    5-6% 1 $285,000 $285,000

    During 2018, Haddon Savings Bank's average interest rate for loans was 4.28%, while their most frequently originated rate bucket for loans was 3-4%, with 49 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 74 $3,710,000 $50,135 $294 3.94%
    $100k-200k 47 $6,615,000 $140,745 $1,460 4.02%
    $200k-400k 32 $8,100,000 $253,125 $3,064 4.13%

    2018 saw Haddon Savings Bank place emphasis on $100,000 or less loans with 74 originations, totaling $3,710,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 36 $4,660,000 $129,444 $1,363 4.02%
    $50k-75k 32 $2,970,000 $92,813 $1,051 3.88%
    $75k-100k 27 $2,565,000 $95,000 $1,596 3.64%
    $150k-250k 25 $4,295,000 $171,800 $1,896 3.87%
    $50k or less 15 $745,000 $49,667 $934 3.78%
    $250k+ 10 $1,860,000 $186,000 $0 3.71%

    Haddon Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 36 originations. The second most popular income band? $50k-75k, with 32 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 68 $8,160,000 $120,000 $0 0.00%
    20-30% 28 $3,410,000 $121,786 $1,625 3.86%
    30-36% 17 $2,215,000 $130,294 $1,211 4.08%
    <20% 10 $1,390,000 $139,000 $1,640 3.67%
    39% 7 $745,000 $106,429 $1,528 3.73%
    40% 3 $205,000 $68,333 $13 3.70%
    42% 3 $375,000 $125,000 $1,418 3.95%
    41% 2 $220,000 $110,000 $1,296 4.00%
    47% 2 $70,000 $35,000 $10 3.61%
    37% 1 $65,000 $65,000 $0 3.50%
    36% 1 $105,000 $105,000 $1,910 3.25%
    43% 1 $125,000 $125,000 $0 3.50%
    44% 1 $25,000 $25,000 $0 4.13%
    45% 1 $145,000 $145,000 $20 4.13%
    46% 1 $145,000 $145,000 $2,277 3.75%

    Haddon Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 68 originations. The next most common DTI ratio? 20-30%, with 28 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 130 $15,270,000 $117,462 $1,342 3.85%
    Not applicable 7 $1,315,000 $187,857 $0 6.08%
    Asian 6 $1,030,000 $171,667 $1,143 3.75%
    Not provided 4 $430,000 $107,500 $1,287 4.19%
    Black 3 $225,000 $75,000 $20 3.83%
    American Indian 3 $155,000 $51,667 $0 3.74%

    Approval Rates

    Total approvals of all applications
    96.43%

    Haddon 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
    95.42%

    Haddon Savings Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 68 $8,160,000 $120,000
    NA 85 $10,265,000 $120,765

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $660,000 $330,000
    Single Family (1-4 Units):Site-Built 151 $17,765,000 $117,649

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 11 $815,000 $74,091 $561 3.75%
    40-60% 14 $2,000,000 $142,857 $744 3.94%
    60-80% 23 $3,395,000 $147,609 $2,180 4.12%
    80-100% 21 $3,545,000 $168,810 $2,829 4.42%
    Under 20% 16 $510,000 $31,875 $49 3.55%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Haddon Savings Bank 20 Marlton Pike E Cherry Hill, NJ 8034 Full Service B&M $65,311
    Haddon Savings Bank 201 White Horse Pike Haddon Heights, NJ 8035 Full Service B&M $200,762

    For 2018, Haddon Savings Bank had 2 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $9,352
    Net interest income $6,037
    Total noninterest income $868
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $59
    Trading account gains and fees $0
    Additional Noninterest Income $809
    Pre-tax net operating income $1,407
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,177
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,177
    Minority interest net income $0
    Net income $1,177
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,177

    Haddon Savings Bank's gross interest income from loans was $9,352,000.
    Haddon Savings Bank's net interest income from loans was $6,037,000.
    Haddon Savings Bank's fee based income from loans was $59,000.
    Haddon Savings Bank's net income from loans was $1,177,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,315
    Provision for credit losses $400
    Total noninterest expense $5,098
    Salaries and employee benefits $2,978
    Premises and equipment expense $459
    Additional noninterest expense $1,661
    Applicable income taxes $230
    Net charge-offs $313
    Cash dividends $0

    Haddon Savings Bank's interest expense for loans was $3,315,000.
    Haddon Savings Bank's payroll and benefits expense were $2,978,000.
    Haddon Savings Bank's property, plant and equipment expenses $459,000.

    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 $266,872
    Deposits held in domestic offices $266,872
    Deposits by Individuals, partnerships, and corporations $265,886
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $986
    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 $16,733
    Demand deposits $1,531
    Nontransaction accounts $250,139
    Money market deposit accounts (MMDAs) $55,902
    Other savings deposits (excluding MMDAs) $52,256
    Total time deposits $141,981
    Total time and savings deposits $265,341
    Noninterest-bearing deposits $1,531
    Interest-bearing deposits $265,341
    Retail deposits $226,940
    IRAs and Keogh plan accounts $31,105
    Brokered deposits $33,967
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $331,061
    Cash & Balances due from depository institutions $4,044
    Interest-bearing balances $2,537
    Total securities $183,172
    Federal funds sold & reverse repurchase $2,027
    Net loans and leases $125,634
    Loan and leases loss allowance $630
    Trading account assets $0
    Bank premises and fixed assets $1,098
    Other real estate owned $691
    Goodwill and other intangibles $0
    All other assets $14,395

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $331,061
    Total Liabilities $299,583
    Total deposits $266,872
    Interest-bearing deposits $265,341
    Deposits held in domestic offices $266,872
    % insured (estimated) $96
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $31,125
    Subordinated debt $0
    All other liabilities $1,586

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $125,634
    Loan and leases loss allowance $630
    Total loans and leases (domestic) $126,264
    All real estate loans $103,858
    Real estate loans in domestic offices $103,858
    Construction and development loans $0
    Residential 1-4 family construction $0
    Other construction, all land development and other land $0
    Loans secured by nonfarm nonresidential properties $9,405
    Nonfarm nonresidential secured by owner-occupied properties $9,405
    Commercial real estate & other non-farm, non-residential $0
    Multifamily residential real estate $0
    1-4 family residential loans $94,453
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $22,350
    To non-U.S. addressees $0
    Loans to individuals $56
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $0
    Other loans to individuals $56
    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 $673
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Haddon Savings Bank had $125,634,000 of loans outstanding in 2018. $103,858,000 of loans were in real estate loans. $0 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $94,453,000 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
    Nonfarm, nonresidential loans - <$1MM 24 $5,831 $242,958
    Nonfarm, nonresidential loans - <$100k 13 $1,038 $79,846
    Nonfarm, nonresidential loans - $100-250k 7 $1,145 $163,571
    Nonfarm, nonresidential loans - $250k-1MM 4 $3,648 $912,000
    Commercial & Industrial, US addressed loans - <$1MM 208 $8,590 $41,298
    Commercial & Industrial, US addressed loans - <$100k 182 $4,684 $25,736
    Commercial & Industrial, US addressed loans - $100-250k 17 $2,067 $121,588
    Commercial & Industrial, US addressed loans - $250k-1MM 9 $1,839 $204,333