Haddon Savings Bank Mortgage Rates, Fees & Info

Haddon Heights, NJ

LEI: 549300IE8IEY5YINFE12

Tax ID: 21-0468823

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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 Refi and Home Purchase loans. Haddon Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Philadelphia, Ocean City, and Atlantic City among others. We have data for 3 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.

    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

    118

    Origination Dollar Volume (All Markets)

    $19,720,000

    Employee count

    28

    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) 114 $18,300,000 $160,526 $0 0.00%
    OCEAN CITY, NJ (FHA|USDA|VA) 2 $820,000 $410,000 $0 0.00%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 2 $600,000 $300,000 $0 0.00%
    Haddon Savings Bank's top markets include Philadelphia, Ocean City, and Atlantic City among others.

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

    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 118 $19,720,000 $167,119 $0 0.00%

    For 2019, Haddon Savings Bank's most frequently originated type of loan was Conventional, with 118 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 48 $11,610,000 $241,875 $0 0.00%
    Home Improvement 37 $2,205,000 $59,595 $0 0.00%
    Home Purchase 19 $4,995,000 $262,895 $0 0.00%
    Other 14 $910,000 $65,000 $0 0.00%

    For 2019, Haddon Savings Bank's most frequently cited loan purpose was Refi, with 48 originations. The 2nd most popular reason was Home Improvement, with 37 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 118 $19,720,000 $167,119 $0 0.00%

    For 2019, Haddon Savings Bank's most frequently cited loan duration was Other, with 118 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 59 $2,375,000 $40,254 $0 0.00%
    $100k-200k 33 $4,655,000 $141,061 $0 0.00%
    $200k-400k 20 $5,600,000 $280,000 $0 0.00%
    $400k-600k 3 $1,275,000 $425,000 $0 0.00%
    $1MM+ 2 $5,040,000 $2,520,000 $0 0.00%
    $600k-1MM 1 $775,000 $775,000 $0 0.00%

    2019 saw Haddon Savings Bank place emphasis on $100,000 or less loans with 59 originations, totaling $2,375,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 30 $3,530,000 $117,667 $0 0.00%
    $150k-250k 23 $2,645,000 $115,000 $0 0.00%
    $75k-100k 19 $1,905,000 $100,263 $0 0.00%
    $250k+ 15 $3,575,000 $238,333 $0 0.00%
    $50k or less 12 $880,000 $73,333 $0 0.00%
    $50k-75k 11 $685,000 $62,273 $0 0.00%

    Haddon Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 30 originations. The second most popular income band? $150k-250k, with 23 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 118 $19,720,000 $167,119 $0 0.00%

    Haddon Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 118 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 98 $11,150,000 $113,776 $0 0.00%
    Not applicable 8 $6,500,000 $812,500 $0 0.00%
    Not provided 6 $1,000,000 $166,667 $0 0.00%
    Asian 3 $785,000 $261,667 $0 0.00%
    Black 3 $285,000 $95,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.97%

    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
    92.37%

    Haddon Savings Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 118 $19,720,000 $167,119

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $1,860,000 $930,000
    Single Family (1-4 Units):Site-Built 116 $17,860,000 $153,966

    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 $63,065
    Haddon Savings Bank 201 White Horse Pike Haddon Heights, NJ 8035 Full Service B&M $205,429

    For 2019, Haddon Savings Bank had 2 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $10,405
    Net interest income $5,947
    Total noninterest income $339
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $57
    Trading account gains and fees $0
    Additional Noninterest Income $282
    Pre-tax net operating income $843
    Securities gains (or losses, -) $121
    Income before extraordinary items $839
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $839
    Minority interest net income $0
    Net income $839
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $733

    Haddon Savings Bank's gross interest income from loans was $10,405,000.
    Haddon Savings Bank's net interest income from loans was $5,947,000.
    Haddon Savings Bank's fee based income from loans was $57,000.
    Haddon Savings Bank's net income from loans was $839,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,458
    Provision for credit losses $373
    Total noninterest expense $5,070
    Salaries and employee benefits $3,059
    Premises and equipment expense $423
    Additional noninterest expense $1,588
    Applicable income taxes $125
    Net charge-offs $372
    Cash dividends $0

    Haddon Savings Bank's interest expense for loans was $4,458,000.
    Haddon Savings Bank's payroll and benefits expense were $3,059,000.
    Haddon Savings Bank's property, plant and equipment expenses $423,000.

    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 $269,707
    Deposits held in domestic offices $269,707
    Deposits by Individuals, partnerships, and corporations $268,743
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $963
    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 $16,747
    Demand deposits $1,622
    Nontransaction accounts $252,959
    Money market deposit accounts (MMDAs) $50,821
    Other savings deposits (excluding MMDAs) $50,322
    Total time deposits $151,816
    Total time and savings deposits $268,084
    Noninterest-bearing deposits $1,622
    Interest-bearing deposits $268,085
    Retail deposits $225,707
    IRAs and Keogh plan accounts $30,475
    Brokered deposits $36,222
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $326,873
    Cash & Balances due from depository institutions $4,080
    Interest-bearing balances $2,753
    Total securities $174,570
    Federal funds sold & reverse repurchase $1,724
    Net loans and leases $131,756
    Loan and leases loss allowance $631
    Trading account assets $0
    Bank premises and fixed assets $1,275
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $13,468

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $326,873
    Total Liabilities $293,554
    Total deposits $269,707
    Interest-bearing deposits $268,085
    Deposits held in domestic offices $269,707
    % insured (estimated) $96
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $21,755
    Subordinated debt $0
    All other liabilities $2,092

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $131,756
    Loan and leases loss allowance $631
    Total loans and leases (domestic) $132,387
    All real estate loans $117,003
    Real estate loans in domestic offices $117,003
    Construction and development loans $348
    Residential 1-4 family construction $0
    Other construction, all land development and other land $348
    Loans secured by nonfarm nonresidential properties $19,209
    Nonfarm nonresidential secured by owner-occupied properties $3,167
    Commercial real estate & other non-farm, non-residential $16,042
    Multifamily residential real estate $978
    1-4 family residential loans $96,468
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $15,277
    To non-U.S. addressees $0
    Loans to individuals $107
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $0
    Other loans to individuals $107
    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 $518
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Haddon Savings Bank had $131,756,000 of loans outstanding in 2019. $117,003,000 of loans were in real estate loans. $348,000 of loans were in development loans. $978,000 of loans were in multifamily mortgage loans. $96,468,000 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 36 $5,680 $157,778
    Nonfarm, nonresidential loans - <$100k 14 $743 $53,071
    Nonfarm, nonresidential loans - $100-250k 11 $1,539 $139,909
    Nonfarm, nonresidential loans - $250k-1MM 11 $3,398 $308,909
    Commercial & Industrial, US addressed loans - <$1MM 271 $9,334 $34,443
    Commercial & Industrial, US addressed loans - <$100k 251 $5,545 $22,092
    Commercial & Industrial, US addressed loans - $100-250k 14 $2,105 $150,357
    Commercial & Industrial, US addressed loans - $250k-1MM 6 $1,684 $280,667