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

Jump to:

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, Atlantic City, and Ocean 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 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    207

    Origination Dollar Volume (All Markets)

    $34,535,000

    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) 198 $32,270,000 $162,980 $0 0.00%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 5 $1,235,000 $247,000 $0 0.00%
    OCEAN CITY, NJ (FHA|USDA|VA) 4 $1,030,000 $257,500 $0 0.00%
    Haddon Savings Bank's top markets include Philadelphia, Atlantic City, and Ocean 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.

    Louviers Federal Credit Union
    Similarity Rank: 410
    BHCU
    Similarity Rank: 504
    Columbia Bank
    Similarity Rank: 1105
    FEDERATED LENDING CORPORATION
    Similarity Rank: 1448
    AmeriServ Financial Bank
    Similarity Rank: 1505
    MILLENIUM HOME MORTGAGE, LLC
    Similarity Rank: 2052
    Dover Federal Credit Union
    Similarity Rank: 2208
    Penn Community Bank
    Similarity Rank: 2431
    SOUTH JERSEY
    Similarity Rank: 2450
    PINNACLE MORTGAGE, INC.
    Similarity Rank: 2603

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 207 $34,535,000 $166,836 $0 0.00%

    For 2021, Haddon Savings Bank's most frequently originated type of loan was Conventional, with 207 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 121 $23,365,000 $193,099 $0 0.00%
    Home Improvement 39 $2,395,000 $61,410 $0 0.00%
    Home Purchase 28 $7,000,000 $250,000 $0 0.00%
    Other 19 $1,775,000 $93,421 $0 0.00%

    For 2021, Haddon Savings Bank's most frequently cited loan purpose was Refi, with 121 originations. The 2nd most popular reason was Home Improvement, with 39 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 207 $34,535,000 $166,836 $0 0.00%

    For 2021, Haddon Savings Bank's most frequently cited loan duration was Other, with 207 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 71 $3,625,000 $51,056 $0 0.00%
    $100k-200k 70 $10,190,000 $145,571 $0 0.00%
    $200k-400k 53 $13,665,000 $257,830 $0 0.00%
    $400k-600k 10 $4,720,000 $472,000 $0 0.00%
    $600k-1MM 3 $2,335,000 $778,333 $0 0.00%

    2021 saw Haddon Savings Bank place emphasis on $100,000 or less loans with 71 originations, totaling $3,625,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 53 $11,165,000 $210,660 $0 0.00%
    $100k-150k 52 $7,410,000 $142,500 $0 0.00%
    $50k-75k 32 $3,100,000 $96,875 $0 0.00%
    $75k-100k 31 $3,405,000 $109,839 $0 0.00%
    $250k+ 26 $7,350,000 $282,692 $0 0.00%
    $50k or less 8 $410,000 $51,250 $0 0.00%

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

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 207 $34,535,000 $166,836 $0 0.00%

    Haddon Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 207 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 172 $27,750,000 $161,337 $0 0.00%
    Not provided 21 $4,025,000 $191,667 $0 0.00%
    Asian 4 $1,060,000 $265,000 $0 0.00%
    Not applicable 1 $905,000 $905,000 $0 0.00%
    American Indian 6 $440,000 $73,333 $0 0.00%
    Black 3 $355,000 $118,333 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.53%

    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
    86.47%

    Haddon Savings Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 207 $34,535,000 $166,836

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    207 $34,535,000 $166,836

    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 $72,502
    Haddon Savings Bank 201 White Horse Pike Haddon Heights, NJ 8035 Full Service B&M $268,385

    For 2021, Haddon Savings Bank had 2 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $9,815
    Net interest income $7,087
    Total noninterest income $822
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $52
    Trading account gains and fees $0
    Additional Noninterest Income $770
    Pre-tax net operating income $1,841
    Securities gains (or losses, -) $-127
    Income before extraordinary items $1,444
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,444
    Minority interest net income $0
    Net income $1,444
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,550

    Haddon Savings Bank's gross interest income from loans was $9,815,000.
    Haddon Savings Bank's net interest income from loans was $7,087,000.
    Haddon Savings Bank's fee based income from loans was $52,000.
    Haddon Savings Bank's net income from loans was $1,444,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,728
    Provision for credit losses $311
    Total noninterest expense $5,757
    Salaries and employee benefits $3,576
    Premises and equipment expense $370
    Additional noninterest expense $1,811
    Applicable income taxes $270
    Net charge-offs $289
    Cash dividends $0

    Haddon Savings Bank's interest expense for loans was $2,728,000.
    Haddon Savings Bank's payroll and benefits expense were $3,576,000.
    Haddon Savings Bank's property, plant and equipment expenses $370,000.

    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 2.0%
    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 $331,416
    Deposits held in domestic offices $331,416
    Deposits by Individuals, partnerships, and corporations $330,340
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $1,076
    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 $24,615
    Demand deposits $1,036
    Nontransaction accounts $306,801
    Money market deposit accounts (MMDAs) $70,584
    Other savings deposits (excluding MMDAs) $65,484
    Total time deposits $170,733
    Total time and savings deposits $330,380
    Noninterest-bearing deposits $1,036
    Interest-bearing deposits $330,380
    Retail deposits $263,440
    IRAs and Keogh plan accounts $29,610
    Brokered deposits $58,620
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $399,153
    Cash & Balances due from depository institutions $18,866
    Interest-bearing balances $13,012
    Total securities $207,757
    Federal funds sold & reverse repurchase $0
    Net loans and leases $157,036
    Loan and leases loss allowance $702
    Trading account assets $0
    Bank premises and fixed assets $1,297
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $14,197

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $399,153
    Total Liabilities $364,702
    Total deposits $331,416
    Interest-bearing deposits $330,380
    Deposits held in domestic offices $331,416
    % insured (estimated) $94
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $30,630
    Subordinated debt $0
    All other liabilities $2,656

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $157,036
    Loan and leases loss allowance $702
    Total loans and leases (domestic) $157,738
    All real estate loans $143,246
    Real estate loans in domestic offices $143,246
    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 $24,096
    Nonfarm nonresidential secured by owner-occupied properties $10,672
    Commercial real estate & other non-farm, non-residential $13,424
    Multifamily residential real estate $284
    1-4 family residential loans $118,866
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $14,426
    To non-U.S. addressees $0
    Loans to individuals $66
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $0
    Other loans to individuals $66
    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 $659
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Haddon Savings Bank had $157,036,000 of loans outstanding in 2021. $143,246,000 of loans were in real estate loans. $0 of loans were in development loans. $284,000 of loans were in multifamily mortgage loans. $118,866,000 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 $5,900 $245,833
    Nonfarm, nonresidential loans - <$100k 2 $157 $78,500
    Nonfarm, nonresidential loans - $100-250k 7 $1,029 $147,000
    Nonfarm, nonresidential loans - $250k-1MM 15 $4,714 $314,267
    Commercial & Industrial, US addressed loans - <$1MM 241 $6,975 $28,942
    Commercial & Industrial, US addressed loans - <$100k 225 $3,971 $17,649
    Commercial & Industrial, US addressed loans - $100-250k 9 $1,148 $127,556
    Commercial & Industrial, US addressed loans - $250k-1MM 7 $1,856 $265,143