Sawyer Savings Bank Mortgage Rates, Fees & Info

Saugerties, NY

LEI: 549300J59G4M2OH83E71

Tax ID: 14-1036170

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Sawyer Savings Bank is a smaller bank specializing in Home Purchase and Refi loans. Sawyer Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Kingston, Poughkeepsie, New York, and Hudson among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Sawyer 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.

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    Originations

    107

    Origination Dollar Volume (All Markets)

    $21,395,000

    Employee count

    44

    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
    KINGSTON, NY (FHA|USDA|VA) 83 $15,995,000 $192,711 $0 0.00%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 14 $3,700,000 $264,286 $0 0.00%
    Outside of Metro Areas 7 $865,000 $123,571 $0 0.00%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $675,000 $675,000 $0 0.00%
    Hudson, NY (FHA|USDA|VA) 2 $160,000 $80,000 $0 0.00%
    Sawyer Savings Bank's top markets include Kingston, Poughkeepsie, New York, and Hudson among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 107 $21,395,000 $199,953 $0 0.00%

    For 2018, Sawyer Savings Bank's most frequently originated type of loan was Conventional, with 107 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 69 $14,015,000 $203,116 $0 0.00%
    Refi 21 $4,865,000 $231,667 $0 0.00%
    Home Improvement 9 $1,485,000 $165,000 $0 0.00%
    Cash Out Refi 6 $980,000 $163,333 $0 0.00%
    Other 2 $50,000 $25,000 $0 0.00%

    For 2018, Sawyer Savings Bank's most frequently cited loan purpose was Home Purchase, with 69 originations. The 2nd most popular reason was Refi, with 21 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 107 $21,395,000 $199,953 $0 0.00%

    For 2018, Sawyer Savings Bank's most frequently cited loan duration was Other, with 107 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 52 $7,790,000 $149,808 $0 0.00%
    $200k-400k 36 $9,410,000 $261,389 $0 0.00%
    $100,000 or less 12 $610,000 $50,833 $0 0.00%
    $400k-600k 6 $2,910,000 $485,000 $0 0.00%
    $600k-1MM 1 $675,000 $675,000 $0 0.00%

    2018 saw Sawyer Savings Bank place emphasis on $100k-200k loans with 52 originations, totaling $7,790,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 33 $5,255,000 $159,242 $0 0.00%
    $100k-150k 16 $3,360,000 $210,000 $0 0.00%
    $75k-100k 11 $1,865,000 $169,545 $0 0.00%
    $150k-250k 10 $2,580,000 $258,000 $0 0.00%
    $50k or less 7 $855,000 $122,143 $0 0.00%
    $250k+ 1 $255,000 $255,000 $0 0.00%

    Sawyer Savings Bank lent most frequently to those with incomes in the $50k-75k range, with 33 originations. The second most popular income band? $100k-150k, with 16 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 107 $21,395,000 $199,953 $0 0.00%

    Sawyer Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 107 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 78 $14,020,000 $179,744 $0 0.00%
    Not applicable 24 $6,140,000 $255,833 $0 0.00%
    Black 2 $810,000 $405,000 $0 0.00%
    Not provided 3 $425,000 $141,667 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.55%

    Sawyer Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    81.31%

    Sawyer Savings Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 107 $21,395,000 $199,953

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 9 $3,365,000 $373,889
    Single Family (1-4 Units):Manufactured 5 $675,000 $135,000
    Single Family (1-4 Units):Site-Built 93 $17,355,000 $186,613

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Sawyer Savings Bank 2 Riverview Road Marlboro, NY 12542 Full Service B&M $23,781
    Sawyer Savings Bank 3515 Route 9w Highland, NY 12528 Full Service B&M $20,451
    Sawyer Savings Bank 87 Market Street Saugerties, NY 12477 Full Service B&M $148,492

    For 2018, Sawyer Savings Bank had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $9,390
    Net interest income $7,068
    Total noninterest income $376
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $319
    Trading account gains and fees $0
    Additional Noninterest Income $57
    Pre-tax net operating income $758
    Securities gains (or losses, -) $-76
    Income before extraordinary items $681
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $681
    Minority interest net income $0
    Net income $681
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $757

    Sawyer Savings Bank's gross interest income from loans was $9,390,000.
    Sawyer Savings Bank's net interest income from loans was $7,068,000.
    Sawyer Savings Bank's fee based income from loans was $319,000.
    Sawyer Savings Bank's net income from loans was $681,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,322
    Provision for credit losses $115
    Total noninterest expense $6,571
    Salaries and employee benefits $3,270
    Premises and equipment expense $764
    Additional noninterest expense $2,537
    Applicable income taxes $1
    Net charge-offs $118
    Cash dividends $0

    Sawyer Savings Bank's interest expense for loans was $2,322,000.
    Sawyer Savings Bank's payroll and benefits expense were $3,270,000.
    Sawyer Savings Bank's property, plant and equipment expenses $764,000.

    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 1.0%
    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 $196,925
    Deposits held in domestic offices $196,925
    Deposits by Individuals, partnerships, and corporations $143,170
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $10,000
    Deposits by Commercial banks and other depository institutions in U.S. $43,755
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $45,352
    Demand deposits $22,020
    Nontransaction accounts $151,573
    Money market deposit accounts (MMDAs) $6,604
    Other savings deposits (excluding MMDAs) $33,812
    Total time deposits $111,158
    Total time and savings deposits $174,905
    Noninterest-bearing deposits $14,240
    Interest-bearing deposits $182,685
    Retail deposits $130,243
    IRAs and Keogh plan accounts $7,183
    Brokered deposits $37,887
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $246,300
    Cash & Balances due from depository institutions $7,427
    Interest-bearing balances $4,873
    Total securities $59,549
    Federal funds sold & reverse repurchase $0
    Net loans and leases $168,910
    Loan and leases loss allowance $908
    Trading account assets $2,480
    Bank premises and fixed assets $3,554
    Other real estate owned $190
    Goodwill and other intangibles $39
    All other assets $4,151

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $246,300
    Total Liabilities $221,380
    Total deposits $196,925
    Interest-bearing deposits $182,685
    Deposits held in domestic offices $196,925
    % insured (estimated) $86
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $21,000
    Subordinated debt $0
    All other liabilities $3,455

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $168,910
    Loan and leases loss allowance $908
    Total loans and leases (domestic) $169,818
    All real estate loans $145,493
    Real estate loans in domestic offices $145,493
    Construction and development loans $2,016
    Residential 1-4 family construction $1,414
    Other construction, all land development and other land $602
    Loans secured by nonfarm nonresidential properties $15,238
    Nonfarm nonresidential secured by owner-occupied properties $6,264
    Commercial real estate & other non-farm, non-residential $8,974
    Multifamily residential real estate $11,522
    1-4 family residential loans $114,145
    Farmland loans $2,572
    Loans held in foreign offices $0
    Farm loans $16,458
    Commercial and industrial loans $7,650
    To non-U.S. addressees $0
    Loans to individuals $277
    Credit card loans $0
    Related Plans $55
    Consumer Auto Loans $0
    Other loans to individuals $222
    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 $2,215
    Non 1-4 family restructured loans & leases $739
    Total loans and leases (foreign) $0

    Sawyer Savings Bank had $168,910,000 of loans outstanding in 2018. $145,493,000 of loans were in real estate loans. $2,016,000 of loans were in development loans. $11,522,000 of loans were in multifamily mortgage loans. $114,145,000 of loans were in 1-4 family mortgage loans. $16,458,000 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 61 $11,881 $194,770
    Nonfarm, nonresidential loans - <$100k 7 $284 $40,571
    Nonfarm, nonresidential loans - $100-250k 30 $4,434 $147,800
    Nonfarm, nonresidential loans - $250k-1MM 24 $7,163 $298,458
    Commercial & Industrial, US addressed loans - <$1MM 280 $5,912 $21,114
    Commercial & Industrial, US addressed loans - <$100k 259 $2,646 $10,216
    Commercial & Industrial, US addressed loans - $100-250k 12 $1,219 $101,583
    Commercial & Industrial, US addressed loans - $250k-1MM 9 $2,047 $227,444
    Farmland loans - <$1MM 7 $981 $140,143
    Farmland loans - <$100k 3 $130 $43,333
    Farmland loans - $100-250k 1 $146 $146,000
    Farmland loans - $250k-1MM 3 $705 $235,000
    Agriculture operations loans - <$1MM 6 $1,503 $250,500
    Agriculture operations loans - $100-250k 1 $138 $138,000
    Agriculture operations loans - $250k-1MM 5 $1,365 $273,000