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 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 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    Originations

    211

    Origination Dollar Volume (All Markets)

    $32,205,000

    Employee count

    27

    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) 195 $28,085,000 $144,026 $0 0.00%
    OCEAN CITY, NJ (FHA|USDA|VA) 6 $2,530,000 $421,667 $0 0.00%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 7 $1,465,000 $209,286 $0 0.00%
    VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 3 $125,000 $41,667 $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.

    First Citizens Community Bank
    Similarity Rank: 589
    BHCU
    Similarity Rank: 625
    Prudential Bank
    Similarity Rank: 640
    Unity Bank
    Similarity Rank: 1258
    GLENDENNING MORTGAGE CORPORATION
    Similarity Rank: 1340
    ABERDEEN PROVING GROUND FEDERAL CREDIT UNION
    Similarity Rank: 1585
    FEDERATED LENDING CORPORATION
    Similarity Rank: 1932
    Penn Community Bank
    Similarity Rank: 1950
    Columbia Bank
    Similarity Rank: 1971
    PINNACLE MORTGAGE, INC.
    Similarity Rank: 1978

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 211 $32,205,000 $152,630 $0 0.00%

    For 2020, Haddon Savings Bank's most frequently originated type of loan was Conventional, with 211 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 128 $22,970,000 $179,453 $0 0.00%
    Home Improvement 41 $2,235,000 $54,512 $0 0.00%
    Home Purchase 21 $6,005,000 $285,952 $0 0.00%
    Other 21 $995,000 $47,381 $0 0.00%

    For 2020, Haddon Savings Bank's most frequently cited loan purpose was Refi, with 128 originations. The 2nd most popular reason was Home Improvement, with 41 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 211 $32,205,000 $152,630 $0 0.00%

    For 2020, Haddon Savings Bank's most frequently cited loan duration was Other, with 211 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 89 $3,925,000 $44,101 $0 0.00%
    $100k-200k 60 $8,980,000 $149,667 $0 0.00%
    $200k-400k 54 $14,400,000 $266,667 $0 0.00%
    $400k-600k 4 $1,710,000 $427,500 $0 0.00%
    $600k-1MM 4 $3,190,000 $797,500 $0 0.00%

    2020 saw Haddon Savings Bank place emphasis on $100,000 or less loans with 89 originations, totaling $3,925,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 53 $7,735,000 $145,943 $0 0.00%
    $150k-250k 52 $10,240,000 $196,923 $0 0.00%
    $75k-100k 33 $3,035,000 $91,970 $0 0.00%
    $50k-75k 32 $3,020,000 $94,375 $0 0.00%
    $250k+ 22 $6,620,000 $300,909 $0 0.00%
    $50k or less 13 $965,000 $74,231 $0 0.00%

    Haddon Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 53 originations. The second most popular income band? $150k-250k, with 52 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 211 $32,205,000 $152,630 $0 0.00%

    Haddon Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 211 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 181 $28,425,000 $157,044 $0 0.00%
    Not provided 21 $2,825,000 $134,524 $0 0.00%
    Black 7 $515,000 $73,571 $0 0.00%
    Asian 1 $235,000 $235,000 $0 0.00%
    Not applicable 1 $205,000 $205,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.40%

    Haddon Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.15%

    Haddon Savings Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 211 $32,205,000 $152,630

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $65,000 $65,000
    Single Family (1-4 Units):Site-Built 210 $32,140,000 $153,048

    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 $65,608
    Haddon Savings Bank 201 White Horse Pike Haddon Heights, NJ 8035 Full Service B&M $200,512

    For 2020, Haddon Savings Bank had 2 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $9,873
    Net interest income $5,885
    Total noninterest income $490
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $47
    Trading account gains and fees $0
    Additional Noninterest Income $443
    Pre-tax net operating income $644
    Securities gains (or losses, -) $242
    Income before extraordinary items $760
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $760
    Minority interest net income $0
    Net income $760
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $551

    Haddon Savings Bank's gross interest income from loans was $9,873,000.
    Haddon Savings Bank's net interest income from loans was $5,885,000.
    Haddon Savings Bank's fee based income from loans was $47,000.
    Haddon Savings Bank's net income from loans was $760,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,988
    Provision for credit losses $365
    Total noninterest expense $5,366
    Salaries and employee benefits $3,215
    Premises and equipment expense $388
    Additional noninterest expense $1,763
    Applicable income taxes $126
    Net charge-offs $316
    Cash dividends $0

    Haddon Savings Bank's interest expense for loans was $3,988,000.
    Haddon Savings Bank's payroll and benefits expense were $3,215,000.
    Haddon Savings Bank's property, plant and equipment expenses $388,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 2.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 12.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 5.0%
    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 $300,673
    Deposits held in domestic offices $300,673
    Deposits by Individuals, partnerships, and corporations $299,651
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $1,023
    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 $21,425
    Demand deposits $548
    Nontransaction accounts $279,249
    Money market deposit accounts (MMDAs) $60,641
    Other savings deposits (excluding MMDAs) $54,762
    Total time deposits $163,846
    Total time and savings deposits $300,126
    Noninterest-bearing deposits $548
    Interest-bearing deposits $300,125
    Retail deposits $245,257
    IRAs and Keogh plan accounts $30,681
    Brokered deposits $47,338
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $382,930
    Cash & Balances due from depository institutions $6,103
    Interest-bearing balances $1,516
    Total securities $183,487
    Federal funds sold & reverse repurchase $3,219
    Net loans and leases $174,094
    Loan and leases loss allowance $680
    Trading account assets $0
    Bank premises and fixed assets $1,308
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $14,719

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $382,930
    Total Liabilities $347,783
    Total deposits $300,673
    Interest-bearing deposits $300,125
    Deposits held in domestic offices $300,673
    % insured (estimated) $95
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $43,855
    Subordinated debt $0
    All other liabilities $3,255

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $174,094
    Loan and leases loss allowance $680
    Total loans and leases (domestic) $174,774
    All real estate loans $127,418
    Real estate loans in domestic offices $127,418
    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 $19,769
    Nonfarm nonresidential secured by owner-occupied properties $10,545
    Commercial real estate & other non-farm, non-residential $9,224
    Multifamily residential real estate $626
    1-4 family residential loans $106,675
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $47,195
    To non-U.S. addressees $0
    Loans to individuals $161
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $0
    Other loans to individuals $161
    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 $414
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Haddon Savings Bank had $174,094,000 of loans outstanding in 2020. $127,418,000 of loans were in real estate loans. $348,000 of loans were in development loans. $626,000 of loans were in multifamily mortgage loans. $106,675,000 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 23 $6,802 $295,739
    Nonfarm, nonresidential loans - <$100k 2 $32 $16,000
    Nonfarm, nonresidential loans - $100-250k 7 $1,077 $153,857
    Nonfarm, nonresidential loans - $250k-1MM 14 $5,693 $406,643
    Commercial & Industrial, US addressed loans - <$1MM 372 $17,585 $47,272
    Commercial & Industrial, US addressed loans - <$100k 328 $7,498 $22,860
    Commercial & Industrial, US addressed loans - $100-250k 27 $4,028 $149,185
    Commercial & Industrial, US addressed loans - $250k-1MM 17 $6,059 $356,412