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 Cash Out Refi loans. Sawyer Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Kingston, Poughkeepsie, Hudson, and Utica 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

    138

    Origination Dollar Volume (All Markets)

    $40,540,000

    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) 90 $25,590,000 $284,333 $0 0.00%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 38 $12,930,000 $340,263 $0 0.00%
    Outside of Metro Areas 8 $1,670,000 $208,750 $0 0.00%
    Hudson, NY (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
    UTICA-ROME, NY (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
    Sawyer Savings Bank's top markets include Kingston, Poughkeepsie, Hudson, and Utica 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 138 $40,540,000 $293,768 $0 0.00%

    For 2021, Sawyer Savings Bank's most frequently originated type of loan was Conventional, with 138 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 60 $19,820,000 $330,333 $0 0.00%
    Cash Out Refi 46 $14,060,000 $305,652 $0 0.00%
    Home Improvement 16 $3,140,000 $196,250 $0 0.00%
    Refi 16 $3,520,000 $220,000 $0 0.00%

    For 2021, Sawyer Savings Bank's most frequently cited loan purpose was Home Purchase, with 60 originations. The 2nd most popular reason was Cash Out Refi, with 46 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 105 $31,935,000 $304,143 $0 0.00%
    15 Year 18 $3,650,000 $202,778 $0 0.00%
    20 Year 7 $1,585,000 $226,429 $0 0.00%
    10 Year 3 $265,000 $88,333 $0 0.00%
    Other 3 $3,085,000 $1,028,333 $0 0.00%
    5 Year 2 $20,000 $10,000 $0 0.00%

    For 2021, Sawyer Savings Bank's most frequently cited loan duration was 30 Year, with 105 originations. The 2nd most popular length was 15 Year, with 18 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 64 $16,930,000 $264,531 $0 0.00%
    $100k-200k 46 $7,460,000 $162,174 $0 0.00%
    $400k-600k 16 $7,610,000 $475,625 $0 0.00%
    $100,000 or less 5 $175,000 $35,000 $0 0.00%
    $1MM+ 4 $6,250,000 $1,562,500 $0 0.00%
    $600k-1MM 3 $2,115,000 $705,000 $0 0.00%

    2021 saw Sawyer Savings Bank place emphasis on $200k-400k loans with 64 originations, totaling $16,930,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 26 $5,430,000 $208,846 $0 0.00%
    $150k-250k 25 $6,655,000 $266,200 $0 0.00%
    $50k-75k 24 $4,120,000 $171,667 $0 0.00%
    $75k-100k 11 $2,085,000 $189,545 $0 0.00%
    $50k or less 5 $795,000 $159,000 $0 0.00%
    $250k+ 4 $1,410,000 $352,500 $0 0.00%

    Sawyer Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 26 originations. The second most popular income band? $150k-250k, with 25 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 138 $40,540,000 $293,768 $0 0.00%

    Sawyer Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 138 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 43 $20,045,000 $466,163 $0 0.00%
    White 89 $19,195,000 $215,674 $0 0.00%
    Asian 1 $465,000 $465,000 $0 0.00%
    American Indian 2 $360,000 $180,000 $0 0.00%
    Not provided 2 $320,000 $160,000 $0 0.00%
    Black 1 $155,000 $155,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.30%

    Sawyer Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    77.54%

    Sawyer Savings Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 138 $40,540,000 $293,768

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    138 $40,540,000 $293,768

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Sawyer Savings Bank 2 Riverview Road Marlboro, NY 12542 Full Service B&M $31,372
    Sawyer Savings Bank 3515 Route 9w Highland, NY 12528 Full Service B&M $31,450
    Sawyer Savings Bank 87 Market Street Saugerties, NY 12477 Full Service B&M $159,740

    For 2021, Sawyer Savings Bank had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $9,470
    Net interest income $8,189
    Total noninterest income $1,448
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $510
    Trading account gains and fees $0
    Additional Noninterest Income $938
    Pre-tax net operating income $1,389
    Securities gains (or losses, -) $204
    Income before extraordinary items $1,297
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,297
    Minority interest net income $0
    Net income $1,297
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,131

    Sawyer Savings Bank's gross interest income from loans was $9,470,000.
    Sawyer Savings Bank's net interest income from loans was $8,189,000.
    Sawyer Savings Bank's fee based income from loans was $510,000.
    Sawyer Savings Bank's net income from loans was $1,297,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,281
    Provision for credit losses $450
    Total noninterest expense $7,798
    Salaries and employee benefits $3,994
    Premises and equipment expense $709
    Additional noninterest expense $3,095
    Applicable income taxes $296
    Net charge-offs $-41
    Cash dividends $0

    Sawyer Savings Bank's interest expense for loans was $1,281,000.
    Sawyer Savings Bank's payroll and benefits expense were $3,994,000.
    Sawyer Savings Bank's property, plant and equipment expenses $709,000.

    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 $229,360
    Deposits held in domestic offices $229,360
    Deposits by Individuals, partnerships, and corporations $220,124
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $3,000
    Deposits by Commercial banks and other depository institutions in U.S. $6,237
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $85,037
    Demand deposits $59,330
    Nontransaction accounts $144,324
    Money market deposit accounts (MMDAs) $16,617
    Other savings deposits (excluding MMDAs) $43,748
    Total time deposits $83,959
    Total time and savings deposits $170,031
    Noninterest-bearing deposits $39,468
    Interest-bearing deposits $189,892
    Retail deposits $196,879
    IRAs and Keogh plan accounts $6,551
    Brokered deposits $19,928
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $268,169
    Cash & Balances due from depository institutions $6,427
    Interest-bearing balances $3,087
    Total securities $54,717
    Federal funds sold & reverse repurchase $0
    Net loans and leases $196,533
    Loan and leases loss allowance $1,998
    Trading account assets $3,124
    Bank premises and fixed assets $3,123
    Other real estate owned $0
    Goodwill and other intangibles $215
    All other assets $4,030

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $268,169
    Total Liabilities $239,678
    Total deposits $229,360
    Interest-bearing deposits $189,892
    Deposits held in domestic offices $229,360
    % insured (estimated) $85
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $5,000
    Subordinated debt $0
    All other liabilities $5,318

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $196,533
    Loan and leases loss allowance $1,998
    Total loans and leases (domestic) $198,531
    All real estate loans $184,912
    Real estate loans in domestic offices $184,912
    Construction and development loans $6,670
    Residential 1-4 family construction $3,917
    Other construction, all land development and other land $2,753
    Loans secured by nonfarm nonresidential properties $29,258
    Nonfarm nonresidential secured by owner-occupied properties $6,758
    Commercial real estate & other non-farm, non-residential $22,500
    Multifamily residential real estate $31,840
    1-4 family residential loans $114,521
    Farmland loans $2,623
    Loans held in foreign offices $0
    Farm loans $4,759
    Commercial and industrial loans $9,094
    To non-U.S. addressees $0
    Loans to individuals $157
    Credit card loans $0
    Related Plans $34
    Consumer Auto Loans $64
    Other loans to individuals $59
    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 $2,305
    Non 1-4 family restructured loans & leases $1,158
    Total loans and leases (foreign) $0

    Sawyer Savings Bank had $196,533,000 of loans outstanding in 2021. $184,912,000 of loans were in real estate loans. $6,670,000 of loans were in development loans. $31,840,000 of loans were in multifamily mortgage loans. $114,521,000 of loans were in 1-4 family mortgage loans. $4,759,000 of loans were in farm loans. $0 of loans were in credit card loans. $64,000 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 73 $17,347 $237,630
    Nonfarm, nonresidential loans - <$100k 8 $181 $22,625
    Nonfarm, nonresidential loans - $100-250k 30 $4,244 $141,467
    Nonfarm, nonresidential loans - $250k-1MM 35 $12,922 $369,200
    Commercial & Industrial, US addressed loans - <$1MM 472 $8,565 $18,146
    Commercial & Industrial, US addressed loans - <$100k 436 $4,045 $9,278
    Commercial & Industrial, US addressed loans - $100-250k 23 $2,215 $96,304
    Commercial & Industrial, US addressed loans - $250k-1MM 13 $2,305 $177,308
    Farmland loans - <$1MM 8 $786 $98,250
    Farmland loans - <$100k 4 $92 $23,000
    Farmland loans - $100-250k 1 $111 $111,000
    Farmland loans - $250k-1MM 3 $583 $194,333
    Agriculture operations loans - <$1MM 2 $291 $145,500
    Agriculture operations loans - $100-250k 1 $119 $119,000
    Agriculture operations loans - $250k-1MM 1 $172 $172,000