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 and Refi 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, Hudson, Springfield, Bennington, and New York 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% 4/19/24
    30 Year Conventional Refi 6.39% 4/19/24
    30 Year VA Purchase 6.51% 4/19/24
    30 Year USDA Purchase 7.20% 4/19/24
    15 Year Conventional Purchase 5.94% 4/19/24
    15 Year Conventional Refi 6.03% 4/19/24
    15 Year Cash-out Refi 6.03% 4/19/24
    15 Year VA Refi 5.68% 4/19/24
    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

    711

    Origination Dollar Volume (All Markets)

    $170,625,000

    Employee count

    104

    Awards

    Adams Community Bank 30 Year Conventional Loans gold Adams Community Bank 30 Year Conventional Loans gold Adams Community Bank 30 Year Conventional Loans bronze
    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) 671 $155,875,000 $232,303 $2,523 3.49%
    Hudson, NY (FHA|USDA|VA) 3 $6,135,000 $2,045,000 $29,259 3.13%
    SPRINGFIELD, MA (FHA|USDA|VA) 18 $5,220,000 $290,000 $3,257 3.40%
    Bennington, VT (FHA|USDA|VA) 14 $2,020,000 $144,286 $2,117 3.25%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $645,000 $645,000 $10,436 3.38%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 3 $605,000 $201,667 $2,225 3.21%
    Barre, VT (FHA|USDA|VA) 1 $125,000 $125,000 $2,971 3.38%
    Adams Community Bank's top markets include Pittsfield, Hudson, Springfield, Bennington, and New York among others.

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

    VERMONT STATE EMPLOYEES
    Similarity Rank: 108
    Florence Bank
    Similarity Rank: 174
    MountainOne Bank
    Similarity Rank: 240
    GREATER SPRINGFIELD CREDIT UNION
    Similarity Rank: 259
    HOLYOKE
    Similarity Rank: 357
    LUSO
    Similarity Rank: 378
    POLISH NATIONAL
    Similarity Rank: 414
    NORTHEAST HOME LOAN, LLC
    Similarity Rank: 493
    MEMBERS MORTGAGE COMPANY, INC.
    Similarity Rank: 510
    Advisors Mortgage Group, L.L.C.
    Similarity Rank: 590

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 693 $167,035,000 $241,032 $2,625 3.48%
    USDA 11 $1,875,000 $170,455 $4,176 3.65%
    VA 7 $1,715,000 $245,000 $4,126 3.29%

    For 2020, Adams Community Bank's most frequently originated type of loan was Conventional, with 693 originations. Their 2nd most popular type was USDA, with 11 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 413 $106,255,000 $257,276 $2,798 3.51%
    Refi 271 $62,265,000 $229,760 $2,671 3.32%
    Home Improvement 16 $740,000 $46,250 $491 4.83%
    Other 11 $1,365,000 $124,091 $1,138 4.22%

    For 2020, Adams Community Bank's most frequently cited loan purpose was Home Purchase, with 413 originations. The 2nd most popular reason was Refi, with 271 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 444 $111,840,000 $251,892 $2,794 3.54%
    15 Year 144 $29,790,000 $206,875 $2,666 3.28%
    20 Year 46 $8,300,000 $180,435 $2,371 3.74%
    10 Year 29 $3,515,000 $121,207 $1,791 3.03%
    Other 22 $8,030,000 $365,000 $2,083 3.28%
    30+ year 20 $8,080,000 $404,000 $2,342 3.47%
    1 Year 3 $955,000 $318,333 $0 4.58%
    5 Year 3 $115,000 $38,333 $66 5.00%

    For 2020, Adams Community Bank's most frequently cited loan duration was 30 Year, with 444 originations. The 2nd most popular length was 15 Year, with 144 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 659 $153,935,000 $233,589
    $5k+ 3 $6,395,000 $2,131,667
    $3k-4k 1 $385,000 $385,000

    Adams Community Bank's average total fees were $2,794, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 659 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 510 $127,860,000 $250,706
    2.5-3% 122 $31,170,000 $255,492
    4-5% 70 $10,870,000 $155,286
    5-6% 6 $480,000 $80,000
    <2.5% 3 $245,000 $81,667

    During 2020, Adams Community Bank's average interest rate for loans was 3.54%, while their most frequently originated rate bucket for loans was 3-4%, with 510 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 284 $41,390,000 $145,739 $2,347 3.42%
    $200k-400k 231 $62,745,000 $271,623 $2,760 3.41%
    $100,000 or less 108 $7,020,000 $65,000 $1,587 3.83%
    $400k-600k 52 $25,400,000 $488,462 $3,420 3.44%
    $600k-1MM 32 $23,380,000 $730,625 $4,367 3.43%
    $1MM+ 4 $10,690,000 $2,672,500 $26,839 3.09%

    2020 saw Adams Community Bank place emphasis on $100k-200k loans with 284 originations, totaling $41,390,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 159 $24,535,000 $154,308 $2,350 3.47%
    $100k-150k 143 $33,815,000 $236,469 $2,548 3.41%
    $150k-250k 110 $36,030,000 $327,545 $2,916 3.39%
    $50k or less 110 $13,340,000 $121,273 $2,156 3.68%
    $75k-100k 106 $20,840,000 $196,604 $2,432 3.49%
    $250k+ 57 $34,715,000 $609,035 $4,722 3.30%

    Adams Community Bank lent most frequently to those with incomes in the $50k-75k range, with 159 originations. The second most popular income band? $100k-150k, with 143 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 200 $43,790,000 $218,950 $2,586 3.40%
    30-36% 112 $26,580,000 $237,321 $2,506 3.57%
    <20% 74 $19,700,000 $266,216 $2,571 3.24%
    50-60% 37 $5,995,000 $162,027 $2,210 3.67%
    41% 29 $7,365,000 $253,966 $2,717 3.41%
    38% 27 $5,895,000 $218,333 $2,598 3.36%
    39% 27 $6,935,000 $256,852 $2,642 3.55%
    42% 22 $4,200,000 $190,909 $2,602 3.34%
    44% 21 $5,075,000 $241,667 $2,365 3.61%
    45% 17 $4,965,000 $292,059 $3,184 3.51%
    40% 16 $3,390,000 $211,875 $2,004 3.59%
    36% 16 $3,800,000 $237,500 $2,541 3.44%
    43% 16 $9,400,000 $587,500 $7,474 3.59%
    46% 15 $3,275,000 $218,333 $2,656 3.43%
    47% 15 $3,745,000 $249,667 $2,805 3.48%
    37% 14 $3,240,000 $231,429 $2,163 3.61%
    >60% 12 $2,090,000 $174,167 $2,441 3.26%
    48% 9 $2,195,000 $243,889 $2,690 3.43%
    49% 7 $1,565,000 $223,571 $3,038 3.45%

    Adams Community Bank lent most frequently to those with DTI ratios of 20-30%, with 200 originations. The next most common DTI ratio? 30-36%, with 112 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 627 $144,065,000 $229,769 $2,556 3.47%
    Not provided 46 $16,780,000 $364,783 $4,326 3.36%
    Not applicable 17 $6,125,000 $360,294 $0 4.21%
    Asian 7 $1,255,000 $179,286 $2,376 3.45%
    Black 7 $1,025,000 $146,429 $2,320 3.38%
    Asian Indian 3 $955,000 $318,333 $3,484 3.63%
    American Indian 4 $420,000 $105,000 $1,827 2.91%

    Approval Rates

    Total approvals of all applications
    84.81%

    Adams Community Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    68.35%

    Adams Community Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 711 $170,625,000 $239,979

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 8 $4,810,000 $601,250
    Single Family (1-4 Units):Manufactured 2 $130,000 $65,000
    Single Family (1-4 Units):Site-Built 701 $165,685,000 $236,355

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 36 $3,790,000 $105,278 $1,778 3.58%
    40-60% 82 $15,470,000 $188,659 $2,501 3.28%
    60-80% 266 $71,480,000 $268,722 $2,920 3.41%
    80-100% 308 $78,810,000 $255,877 $2,741 3.51%
    Over 100% 1 $445,000 $445,000 $4,973 3.38%
    Under 20% 18 $630,000 $35,000 $346 4.70%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Adams Community Bank 31 Eagle Street North Adams, MA 1247 Full Service B&M $62,420
    Adams Community Bank 41 Park Street Lee, MA 1238 Full Service B&M $54,388
    Adams Community Bank 273 Main Street Williamstown, MA 1267 Full Service B&M $68,046
    Adams Community Bank 2 Center Street Adams, MA 1220 Full Service B&M $64,530
    Adams Community Bank 545 South Main Street Lanesboro, MA 1237 Full Service B&M $64,484
    Adams Community Bank 7 Main Street Lenox, MA 1240 Full Service B&M $59,567
    Adams Community Bank 75 South St Cheshire, MA 1225 Full Service B&M $46,295
    Adams Community Bank 93 Park Street Adams, MA 1220 Full Service B&M $161,516

    For 2020, Adams Community Bank had 8 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $24,622
    Net interest income $19,127
    Total noninterest income $3,433
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $576
    Trading account gains and fees $0
    Additional Noninterest Income $2,857
    Pre-tax net operating income $4,862
    Securities gains (or losses, -) $29
    Income before extraordinary items $3,765
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,765
    Minority interest net income $0
    Net income $3,765
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,742

    Adams Community Bank's gross interest income from loans was $24,622,000.
    Adams Community Bank's net interest income from loans was $19,127,000.
    Adams Community Bank's fee based income from loans was $576,000.
    Adams Community Bank's net income from loans was $3,765,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $5,495
    Provision for credit losses $1,110
    Total noninterest expense $16,588
    Salaries and employee benefits $9,685
    Premises and equipment expense $1,662
    Additional noninterest expense $5,241
    Applicable income taxes $1,126
    Net charge-offs $47
    Cash dividends $0

    Adams Community Bank's interest expense for loans was $5,495,000.
    Adams Community Bank's payroll and benefits expense were $9,685,000.
    Adams Community Bank's property, plant and equipment expenses $1,662,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 7.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 1.0%
    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 $624,003
    Deposits held in domestic offices $624,003
    Deposits by Individuals, partnerships, and corporations $447,844
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $176,158
    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 $159,640
    Demand deposits $84,433
    Nontransaction accounts $464,362
    Money market deposit accounts (MMDAs) $231,891
    Other savings deposits (excluding MMDAs) $117,173
    Total time deposits $115,298
    Total time and savings deposits $539,569
    Noninterest-bearing deposits $79,036
    Interest-bearing deposits $544,967
    Retail deposits $592,981
    IRAs and Keogh plan accounts $32,183
    Brokered deposits $12,412
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $727,104
    Cash & Balances due from depository institutions $49,419
    Interest-bearing balances $39,577
    Total securities $49,532
    Federal funds sold & reverse repurchase $2,512
    Net loans and leases $589,647
    Loan and leases loss allowance $4,933
    Trading account assets $0
    Bank premises and fixed assets $7,999
    Other real estate owned $0
    Goodwill and other intangibles $8,068
    All other assets $19,927

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $727,104
    Total Liabilities $664,649
    Total deposits $624,003
    Interest-bearing deposits $544,967
    Deposits held in domestic offices $624,003
    % insured (estimated) $66
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $35,500
    Subordinated debt $0
    All other liabilities $5,146

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $589,647
    Loan and leases loss allowance $4,933
    Total loans and leases (domestic) $594,580
    All real estate loans $565,701
    Real estate loans in domestic offices $565,701
    Construction and development loans $9,638
    Residential 1-4 family construction $5,516
    Other construction, all land development and other land $4,122
    Loans secured by nonfarm nonresidential properties $38,261
    Nonfarm nonresidential secured by owner-occupied properties $19,312
    Commercial real estate & other non-farm, non-residential $18,949
    Multifamily residential real estate $7,769
    1-4 family residential loans $509,995
    Farmland loans $38
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $20,635
    To non-U.S. addressees $0
    Loans to individuals $7,721
    Credit card loans $0
    Related Plans $92
    Consumer Auto Loans $5,708
    Other loans to individuals $1,921
    All other loans & leases $523
    Loans to foreign governments and official institutions $0
    Other loans $511
    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 $890
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Adams Community Bank had $589,647,000 of loans outstanding in 2020. $565,701,000 of loans were in real estate loans. $9,638,000 of loans were in development loans. $7,769,000 of loans were in multifamily mortgage loans. $509,995,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $5,708,000 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 130 $36,748 $282,677
    Nonfarm, nonresidential loans - <$100k 33 $1,557 $47,182
    Nonfarm, nonresidential loans - $100-250k 46 $5,682 $123,522
    Nonfarm, nonresidential loans - $250k-1MM 51 $29,509 $578,608
    Commercial & Industrial, US addressed loans - <$1MM 406 $20,411 $50,273
    Commercial & Industrial, US addressed loans - <$100k 323 $7,613 $23,570
    Commercial & Industrial, US addressed loans - $100-250k 56 $4,766 $85,107
    Commercial & Industrial, US addressed loans - $250k-1MM 27 $8,032 $297,481
    Farmland loans - <$1MM 1 $38 $38,000
    Farmland loans - <$100k 1 $38 $38,000