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 Cash Out Refi, Home Purchase, and Refi loans. Sawyer Savings Bank has a high proportion of conventional loans. Their top two markets are Kingston and Poughkeepsie .

    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

    134

    Origination Dollar Volume (All Markets)

    $33,580,000

    Employee count

    43

    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) 94 $21,950,000 $233,511 $0 0.00%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 28 $9,930,000 $354,643 $0 0.00%
    Outside of Metro Areas 12 $1,700,000 $141,667 $0 0.00%
    Sawyer Savings Bank's top markets include Kingston and Poughkeepsie 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 134 $33,580,000 $250,597 $0 0.00%

    For 2020, Sawyer Savings Bank's most frequently originated type of loan was Conventional, with 134 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 50 $12,140,000 $242,800 $0 0.00%
    Home Purchase 49 $11,955,000 $243,980 $0 0.00%
    Refi 31 $9,215,000 $297,258 $0 0.00%
    Home Improvement 3 $135,000 $45,000 $0 0.00%
    Other 1 $135,000 $135,000 $0 0.00%

    For 2020, Sawyer Savings Bank's most frequently cited loan purpose was Cash Out Refi, with 50 originations. The 2nd most popular reason was Home Purchase, with 49 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 134 $33,580,000 $250,597 $0 0.00%

    For 2020, Sawyer Savings Bank's most frequently cited loan duration was Other, with 134 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 58 $8,980,000 $154,828 $0 0.00%
    $200k-400k 46 $13,020,000 $283,043 $0 0.00%
    $400k-600k 13 $6,315,000 $485,769 $0 0.00%
    $100,000 or less 12 $750,000 $62,500 $0 0.00%
    $600k-1MM 4 $3,020,000 $755,000 $0 0.00%
    $1MM+ 1 $1,495,000 $1,495,000 $0 0.00%

    2020 saw Sawyer Savings Bank place emphasis on $100k-200k loans with 58 originations, totaling $8,980,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 30 $6,630,000 $221,000 $0 0.00%
    $50k-75k 25 $4,025,000 $161,000 $0 0.00%
    $75k-100k 21 $4,615,000 $219,762 $0 0.00%
    $150k-250k 18 $4,340,000 $241,111 $0 0.00%
    $50k or less 8 $910,000 $113,750 $0 0.00%
    $250k+ 5 $2,155,000 $431,000 $0 0.00%

    Sawyer Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 30 originations. The second most popular income band? $50k-75k, with 25 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 134 $33,580,000 $250,597 $0 0.00%

    Sawyer Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 134 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 105 $22,375,000 $213,095 $0 0.00%
    Not applicable 25 $10,425,000 $417,000 $0 0.00%
    Not provided 4 $780,000 $195,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.23%

    Sawyer 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
    85.82%

    Sawyer Savings Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 134 $33,580,000 $250,597

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 12 $5,960,000 $496,667
    Single Family (1-4 Units):Manufactured 8 $920,000 $115,000
    Single Family (1-4 Units):Site-Built 114 $26,700,000 $234,211

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Sawyer Savings Bank 2 Riverview Road Marlboro, NY 12542 Full Service B&M $25,687
    Sawyer Savings Bank 3515 Route 9w Highland, NY 12528 Full Service B&M $23,991
    Sawyer Savings Bank 87 Market Street Saugerties, NY 12477 Full Service B&M $157,594

    For 2020, Sawyer Savings Bank had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $9,417
    Net interest income $7,017
    Total noninterest income $1,422
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $435
    Trading account gains and fees $0
    Additional Noninterest Income $987
    Pre-tax net operating income $637
    Securities gains (or losses, -) $369
    Income before extraordinary items $811
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $811
    Minority interest net income $0
    Net income $811
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $512

    Sawyer Savings Bank's gross interest income from loans was $9,417,000.
    Sawyer Savings Bank's net interest income from loans was $7,017,000.
    Sawyer Savings Bank's fee based income from loans was $435,000.
    Sawyer Savings Bank's net income from loans was $811,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,400
    Provision for credit losses $285
    Total noninterest expense $7,517
    Salaries and employee benefits $4,002
    Premises and equipment expense $774
    Additional noninterest expense $2,741
    Applicable income taxes $195
    Net charge-offs $-375
    Cash dividends $0

    Sawyer Savings Bank's interest expense for loans was $2,400,000.
    Sawyer Savings Bank's payroll and benefits expense were $4,002,000.
    Sawyer Savings Bank's property, plant and equipment expenses $774,000.

    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 $208,575
    Deposits held in domestic offices $208,575
    Deposits by Individuals, partnerships, and corporations $192,408
    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. $6,167
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $60,037
    Demand deposits $35,156
    Nontransaction accounts $148,538
    Money market deposit accounts (MMDAs) $10,597
    Other savings deposits (excluding MMDAs) $38,045
    Total time deposits $99,896
    Total time and savings deposits $173,419
    Noninterest-bearing deposits $24,709
    Interest-bearing deposits $183,866
    Retail deposits $164,729
    IRAs and Keogh plan accounts $7,219
    Brokered deposits $20,702
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $260,714
    Cash & Balances due from depository institutions $6,414
    Interest-bearing balances $2,266
    Total securities $54,233
    Federal funds sold & reverse repurchase $0
    Net loans and leases $189,104
    Loan and leases loss allowance $1,506
    Trading account assets $3,059
    Bank premises and fixed assets $3,259
    Other real estate owned $0
    Goodwill and other intangibles $166
    All other assets $4,479

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $260,714
    Total Liabilities $232,924
    Total deposits $208,575
    Interest-bearing deposits $183,866
    Deposits held in domestic offices $208,575
    % insured (estimated) $87
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $19,000
    Subordinated debt $0
    All other liabilities $5,349

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $189,104
    Loan and leases loss allowance $1,506
    Total loans and leases (domestic) $190,610
    All real estate loans $170,832
    Real estate loans in domestic offices $170,832
    Construction and development loans $4,176
    Residential 1-4 family construction $1,815
    Other construction, all land development and other land $2,361
    Loans secured by nonfarm nonresidential properties $25,871
    Nonfarm nonresidential secured by owner-occupied properties $6,705
    Commercial real estate & other non-farm, non-residential $19,166
    Multifamily residential real estate $20,475
    1-4 family residential loans $117,571
    Farmland loans $2,739
    Loans held in foreign offices $0
    Farm loans $8,493
    Commercial and industrial loans $11,438
    To non-U.S. addressees $0
    Loans to individuals $205
    Credit card loans $0
    Related Plans $55
    Consumer Auto Loans $76
    Other loans to individuals $74
    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 $1,908
    Non 1-4 family restructured loans & leases $767
    Total loans and leases (foreign) $0

    Sawyer Savings Bank had $189,104,000 of loans outstanding in 2020. $170,832,000 of loans were in real estate loans. $4,176,000 of loans were in development loans. $20,475,000 of loans were in multifamily mortgage loans. $117,571,000 of loans were in 1-4 family mortgage loans. $8,493,000 of loans were in farm loans. $0 of loans were in credit card loans. $76,000 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 66 $15,228 $230,727
    Nonfarm, nonresidential loans - <$100k 7 $230 $32,857
    Nonfarm, nonresidential loans - $100-250k 29 $4,157 $143,345
    Nonfarm, nonresidential loans - $250k-1MM 30 $10,841 $361,367
    Commercial & Industrial, US addressed loans - <$1MM 453 $11,425 $25,221
    Commercial & Industrial, US addressed loans - <$100k 416 $5,306 $12,755
    Commercial & Industrial, US addressed loans - $100-250k 24 $2,934 $122,250
    Commercial & Industrial, US addressed loans - $250k-1MM 13 $3,185 $245,000
    Farmland loans - <$1MM 7 $858 $122,571
    Farmland loans - <$100k 3 $106 $35,333
    Farmland loans - $100-250k 1 $124 $124,000
    Farmland loans - $250k-1MM 3 $628 $209,333
    Agriculture operations loans - <$1MM 2 $327 $163,500
    Agriculture operations loans - $100-250k 1 $126 $126,000
    Agriculture operations loans - $250k-1MM 1 $201 $201,000