Adams Community Bank Mortgage Rates, Fees & Info

Adams, MA

LEI: 549300J5W91RLNLMTL86

Tax ID: 04-1851620

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • 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

    Adams Community Bank is a smaller bank specializing in Home Purchase loans. Adams Community Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Pittsfield, Bennington, Springfield, Boston, and Sebastian among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Adams Community Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Adams Community Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.21% 12/16/24
    30 Year Conventional Refi 6.39% 12/16/24
    30 Year VA Purchase 6.51% 12/16/24
    30 Year USDA Purchase 7.20% 12/16/24
    15 Year Conventional Purchase 5.94% 12/16/24
    15 Year Conventional Refi 6.03% 12/16/24
    15 Year Cash-out Refi 6.03% 12/16/24
    15 Year VA Refi 5.68% 12/16/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Adams Community Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Adams Community Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    526

    Origination Dollar Volume (All Markets)

    $102,000,000

    Employee count

    98

    Awards

    Adams Community Bank 30 Year Conventional Loans gold Adams Community Bank 30 Year Conventional Loans gold Adams Community Bank 30 Year Conventional Loans silver
    Show all (3) awards

    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
    PITTSFIELD, MA (FHA|USDA|VA) 492 $95,220,000 $193,537 $2,247 4.31%
    Bennington, VT (FHA|USDA|VA) 24 $4,460,000 $185,833 $2,100 4.26%
    SPRINGFIELD, MA (FHA|USDA|VA) 5 $895,000 $179,000 $2,180 4.05%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 2 $580,000 $290,000 $1,988 4.06%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $355,000 $355,000 $6,971 3.63%
    WORCESTER, MA-CT (FHA|USDA|VA) 1 $285,000 $285,000 $0 5.00%
    RALEIGH-CARY, NC (FHA|USDA|VA) 1 $205,000 $205,000 $3,081 3.75%
    Adams Community Bank's top markets include Pittsfield, Bennington, Springfield, Boston, and Sebastian among others.

    Their top states include:
  • Massachusetts (FHA|USDA|VA)
  • Vermont (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Adams Community Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    POLISH NATIONAL
    Similarity Rank: 48
    VERMONT STATE EMPLOYEES
    Similarity Rank: 50
    Florence Bank
    Similarity Rank: 96
    MountainOne Bank
    Similarity Rank: 99
    Adams Community Bank
    Similarity Rank: 126
    GREYLOCK
    Similarity Rank: 128
    HOLYOKE
    Similarity Rank: 132
    LUSO
    Similarity Rank: 164
    PeoplesBank
    Similarity Rank: 168
    Westfield Bank
    Similarity Rank: 204

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 516 $100,280,000 $194,341 $2,199 4.30%
    USDA 7 $985,000 $140,714 $3,566 4.05%
    VA 3 $735,000 $245,000 $6,982 4.29%

    For 2019, Adams Community Bank's most frequently originated type of loan was Conventional, with 516 originations. Their 2nd most popular type was USDA, with 7 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 381 $80,745,000 $211,929 $2,516 4.22%
    Refi 102 $18,070,000 $177,157 $1,945 4.35%
    Home Improvement 27 $1,675,000 $62,037 $662 5.06%
    Other 16 $1,510,000 $94,375 $512 4.58%

    For 2019, Adams Community Bank's most frequently cited loan purpose was Home Purchase, with 381 originations. The 2nd most popular reason was Refi, with 102 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 336 $70,600,000 $210,119 $2,450 4.19%
    15 Year 85 $12,025,000 $141,471 $1,570 4.37%
    20 Year 52 $7,290,000 $140,192 $2,558 4.84%
    Other 19 $4,105,000 $216,053 $1,939 3.79%
    30+ year 15 $6,565,000 $437,667 $2,151 4.33%
    10 Year 13 $1,285,000 $98,846 $1,424 4.68%
    5 Year 5 $115,000 $23,000 $551 5.20%
    1 Year 1 $15,000 $15,000 $0 6.00%

    For 2019, Adams Community Bank's most frequently cited loan duration was 30 Year, with 336 originations. The 2nd most popular length was 15 Year, with 85 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 473 $95,605,000 $202,125
    $3k-4k 1 $355,000 $355,000

    Adams Community Bank's average total fees were $2,450, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 473 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 230 $54,540,000 $237,130
    4-5% 224 $35,550,000 $158,705
    5-6% 63 $8,665,000 $137,540
    2.5-3% 5 $2,905,000 $581,000
    <2.5% 3 $315,000 $105,000
    Over 8% 1 $25,000 $25,000

    During 2019, Adams Community Bank's average interest rate for loans was 4.19%, while their most frequently originated rate bucket for loans was 3-4%, with 230 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 222 $31,920,000 $143,784 $2,219 4.26%
    $200k-400k 136 $37,560,000 $276,176 $2,746 4.13%
    $100,000 or less 125 $7,345,000 $58,760 $1,208 4.71%
    $400k-600k 31 $15,065,000 $485,968 $2,866 3.98%
    $600k-1MM 10 $7,410,000 $741,000 $3,885 3.64%
    $1MM+ 2 $2,700,000 $1,350,000 $6,847 3.44%

    2019 saw Adams Community Bank place emphasis on $100k-200k loans with 222 originations, totaling $31,920,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 123 $18,685,000 $151,911 $2,082 4.24%
    $50k or less 106 $11,000,000 $103,774 $1,934 4.54%
    $100k-150k 93 $19,895,000 $213,925 $2,319 4.28%
    $75k-100k 93 $16,125,000 $173,387 $2,099 4.35%
    $150k-250k 55 $15,375,000 $279,545 $2,480 4.02%
    $250k+ 38 $18,230,000 $479,737 $3,278 3.69%

    Adams Community Bank lent most frequently to those with incomes in the $50k-75k range, with 123 originations. The second most popular income band? $50k or less, with 106 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 130 $24,370,000 $187,462 $2,250 4.19%
    30-36% 85 $19,375,000 $227,941 $2,340 4.06%
    <20% 58 $12,600,000 $217,241 $2,180 4.07%
    50-60% 30 $6,360,000 $212,000 $1,933 4.45%
    38% 19 $3,505,000 $184,474 $2,033 4.45%
    40% 18 $3,850,000 $213,889 $2,062 4.35%
    37% 15 $3,515,000 $234,333 $2,395 4.28%
    39% 15 $1,775,000 $118,333 $1,809 4.18%
    36% 15 $2,705,000 $180,333 $2,191 4.26%
    43% 15 $3,325,000 $221,667 $2,724 4.14%
    41% 12 $2,100,000 $175,000 $2,015 4.27%
    42% 10 $1,590,000 $159,000 $2,471 4.70%
    49% 10 $2,600,000 $260,000 $2,950 4.30%
    >60% 9 $2,095,000 $232,778 $2,459 4.14%
    44% 9 $1,885,000 $209,444 $2,159 4.11%
    47% 8 $1,320,000 $165,000 $2,734 4.53%
    45% 7 $895,000 $127,857 $1,893 4.23%
    46% 6 $820,000 $136,667 $2,007 4.15%
    48% 6 $1,430,000 $238,333 $2,847 4.38%

    Adams Community Bank lent most frequently to those with DTI ratios of 20-30%, with 130 originations. The next most common DTI ratio? 30-36%, with 85 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 470 $87,110,000 $185,340 $2,202 4.29%
    Not provided 28 $9,360,000 $334,286 $2,702 4.12%
    Not applicable 15 $2,095,000 $139,667 $0 5.40%
    Black 7 $2,015,000 $287,857 $3,433 3.95%
    Asian 3 $905,000 $301,667 $2,288 3.67%
    American Indian 3 $515,000 $171,667 $1,953 4.00%

    Approval Rates

    Total approvals of all applications
    83.67%

    Adams Community Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    78.14%

    Adams Community Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 1 $25,000 $25,000
    NA 525 $101,975,000 $194,238

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 7 $1,795,000 $256,429
    Single Family (1-4 Units):Manufactured 5 $355,000 $71,000
    Single Family (1-4 Units):Site-Built 514 $99,850,000 $194,261

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 40 $3,620,000 $90,500 $970 4.57%
    40-60% 55 $10,545,000 $191,727 $2,244 4.21%
    60-80% 153 $33,505,000 $218,987 $2,552 4.29%
    80-100% 249 $53,195,000 $213,635 $2,426 4.20%
    Over 100% 2 $380,000 $190,000 $6,935 3.50%
    Under 20% 27 $755,000 $27,963 $334 5.11%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Adams Community Bank 75 South St Cheshire, MA 1225 Full Service B&M $41,551
    Adams Community Bank 7 Main Street Lenox, MA 1240 Full Service B&M $53,966
    Adams Community Bank 545 South Main Street Lanesboro, MA 1237 Full Service B&M $28,264
    Adams Community Bank 2 Center Street Adams, MA 1220 Full Service B&M $65,308
    Adams Community Bank 273 Main Street Williamstown, MA 1267 Full Service B&M $56,845
    Adams Community Bank 31 Eagle Street North Adams, MA 1247 Full Service B&M $51,478
    Adams Community Bank 41 Park Street Lee, MA 1238 Full Service B&M $59,238
    Adams Community Bank 93 Park Street Adams, MA 1220 Full Service B&M $145,404

    For 2019, Adams Community Bank had 8 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $23,951
    Net interest income $17,704
    Total noninterest income $2,258
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $781
    Trading account gains and fees $0
    Additional Noninterest Income $1,477
    Pre-tax net operating income $3,635
    Securities gains (or losses, -) $1,636
    Income before extraordinary items $4,163
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,163
    Minority interest net income $0
    Net income $4,163
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,870

    Adams Community Bank's gross interest income from loans was $23,951,000.
    Adams Community Bank's net interest income from loans was $17,704,000.
    Adams Community Bank's fee based income from loans was $781,000.
    Adams Community Bank's net income from loans was $4,163,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $6,247
    Provision for credit losses $470
    Total noninterest expense $15,857
    Salaries and employee benefits $9,434
    Premises and equipment expense $1,624
    Additional noninterest expense $4,799
    Applicable income taxes $1,108
    Net charge-offs $455
    Cash dividends $0

    Adams Community Bank's interest expense for loans was $6,247,000.
    Adams Community Bank's payroll and benefits expense were $9,434,000.
    Adams Community Bank's property, plant and equipment expenses $1,624,000.

    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 1.0%
    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 $508,402
    Deposits held in domestic offices $508,402
    Deposits by Individuals, partnerships, and corporations $398,094
    Deposits by U.S. Government $1
    Deposits by States and political subdivisions in the U.S. $110,308
    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 $118,976
    Demand deposits $62,707
    Nontransaction accounts $389,427
    Money market deposit accounts (MMDAs) $147,814
    Other savings deposits (excluding MMDAs) $101,154
    Total time deposits $140,458
    Total time and savings deposits $445,696
    Noninterest-bearing deposits $57,541
    Interest-bearing deposits $450,861
    Retail deposits $460,913
    IRAs and Keogh plan accounts $32,116
    Brokered deposits $24,285
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $630,130
    Cash & Balances due from depository institutions $16,313
    Interest-bearing balances $8,891
    Total securities $42,867
    Federal funds sold & reverse repurchase $2,129
    Net loans and leases $533,013
    Loan and leases loss allowance $3,870
    Trading account assets $0
    Bank premises and fixed assets $7,711
    Other real estate owned $153
    Goodwill and other intangibles $8,095
    All other assets $19,849

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $630,130
    Total Liabilities $572,010
    Total deposits $508,402
    Interest-bearing deposits $450,861
    Deposits held in domestic offices $508,402
    % insured (estimated) $75
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $59,000
    Subordinated debt $0
    All other liabilities $4,608

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $533,013
    Loan and leases loss allowance $3,870
    Total loans and leases (domestic) $536,883
    All real estate loans $518,748
    Real estate loans in domestic offices $518,748
    Construction and development loans $15,066
    Residential 1-4 family construction $7,832
    Other construction, all land development and other land $7,234
    Loans secured by nonfarm nonresidential properties $36,138
    Nonfarm nonresidential secured by owner-occupied properties $21,175
    Commercial real estate & other non-farm, non-residential $14,963
    Multifamily residential real estate $7,086
    1-4 family residential loans $460,415
    Farmland loans $43
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $9,169
    To non-U.S. addressees $0
    Loans to individuals $8,851
    Credit card loans $0
    Related Plans $127
    Consumer Auto Loans $6,195
    Other loans to individuals $2,529
    All other loans & leases $115
    Loans to foreign governments and official institutions $0
    Other loans $79
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $13
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $1,019
    Non 1-4 family restructured loans & leases $99
    Total loans and leases (foreign) $0

    Adams Community Bank had $533,013,000 of loans outstanding in 2019. $518,748,000 of loans were in real estate loans. $15,066,000 of loans were in development loans. $7,086,000 of loans were in multifamily mortgage loans. $460,415,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $6,195,000 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 132 $23,329 $176,735
    Nonfarm, nonresidential loans - <$100k 41 $1,874 $45,707
    Nonfarm, nonresidential loans - $100-250k 49 $6,518 $133,020
    Nonfarm, nonresidential loans - $250k-1MM 42 $14,937 $355,643
    Commercial & Industrial, US addressed loans - <$1MM 219 $9,130 $41,689
    Commercial & Industrial, US addressed loans - <$100k 174 $4,249 $24,420
    Commercial & Industrial, US addressed loans - $100-250k 34 $2,762 $81,235
    Commercial & Industrial, US addressed loans - $250k-1MM 11 $2,119 $192,636
    Farmland loans - <$1MM 1 $43 $43,000
    Farmland loans - <$100k 1 $43 $43,000