Ambler Savings Bank Mortgage Rates, Fees & Info

Ambler, PA

LEI: 549300JH5DMYH0O5TM77

Tax ID: 23-0341550

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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

    Ambler Savings Bank is a smaller bank specializing in Refi and Home Purchase loans. Ambler Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Philadelphia, Reading, and Allentown among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Ambler 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

    188

    Origination Dollar Volume (All Markets)

    $49,130,000

    Employee count

    54

    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
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 170 $46,100,000 $271,176 $0 0.00%
    READING, PA (FHA|USDA|VA) 16 $2,590,000 $161,875 $0 0.00%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 2 $440,000 $220,000 $0 0.00%
    Ambler Savings Bank's top markets include Philadelphia, Reading, and Allentown among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 188 $49,130,000 $261,330 $0 0.00%

    For 2020, Ambler Savings Bank's most frequently originated type of loan was Conventional, with 188 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 137 $35,705,000 $260,620 $0 0.00%
    Home Purchase 43 $12,715,000 $295,698 $0 0.00%
    Other 5 $655,000 $131,000 $0 0.00%
    Home Improvement 3 $55,000 $18,333 $0 0.00%

    For 2020, Ambler Savings Bank's most frequently cited loan purpose was Refi, with 137 originations. The 2nd most popular reason was Home Purchase, with 43 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 188 $49,130,000 $261,330 $0 0.00%

    For 2020, Ambler Savings Bank's most frequently cited loan duration was Other, with 188 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 72 $20,240,000 $281,111 $0 0.00%
    $100k-200k 55 $8,425,000 $153,182 $0 0.00%
    $400k-600k 27 $12,955,000 $479,815 $0 0.00%
    $100,000 or less 26 $1,550,000 $59,615 $0 0.00%
    $600k-1MM 8 $5,960,000 $745,000 $0 0.00%

    2020 saw Ambler Savings Bank place emphasis on $200k-400k loans with 72 originations, totaling $20,240,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 33 $11,305,000 $342,576 $0 0.00%
    $100k-150k 31 $8,865,000 $285,968 $0 0.00%
    $50k-75k 30 $5,170,000 $172,333 $0 0.00%
    $250k+ 20 $9,580,000 $479,000 $0 0.00%
    $75k-100k 17 $2,905,000 $170,882 $0 0.00%
    $50k or less 11 $1,225,000 $111,364 $0 0.00%

    Ambler Savings Bank lent most frequently to those with incomes in the $150k-250k range, with 33 originations. The second most popular income band? $100k-150k, with 31 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 188 $49,130,000 $261,330 $0 0.00%

    Ambler Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 188 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 159 $42,475,000 $267,138 $0 0.00%
    Not applicable 18 $3,900,000 $216,667 $0 0.00%
    Black 5 $1,305,000 $261,000 $0 0.00%
    Asian 2 $540,000 $270,000 $0 0.00%
    Not provided 2 $410,000 $205,000 $0 0.00%
    Korean 1 $305,000 $305,000 $0 0.00%
    Asian Indian 1 $195,000 $195,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.74%

    Ambler Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.36%

    Ambler Savings Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 188 $49,130,000 $261,330

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $1,780,000 $445,000
    Single Family (1-4 Units):Manufactured 3 $425,000 $141,667
    Single Family (1-4 Units):Site-Built 181 $46,925,000 $259,254

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Ambler Savings Bank 1120 Meetinghouse Rd. Gwynedd, PA 19436 Limited, Drive-thru $6,408
    Ambler Savings Bank 1515 The Fairway Jenkintown, PA 19046 Limited, Drive-thru $3,065
    Ambler Savings Bank 155 E Butler Ave Ambler, PA 19002 Full Service B&M $197,265
    Ambler Savings Bank 3009 W Germantown Pike Jeffersonville, PA 19403 Full Service B&M $21,759
    Ambler Savings Bank 3205 Skippack Pike Lansdale, PA 19446 Limited, Drive-thru $7,245
    Ambler Savings Bank 323 Main Street Bally, PA 19503 Full Service B&M $47,238
    Ambler Savings Bank 438 West Ridge Pike Limerick, PA 19468 Full Service B&M $59,798
    Ambler Savings Bank 9000 Twin Silo Drive Blue Bell, PA 19422 Limited, Drive-thru $6,277

    For 2020, Ambler Savings Bank had 8 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $14,986
    Net interest income $11,629
    Total noninterest income $335
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $45
    Trading account gains and fees $0
    Additional Noninterest Income $290
    Pre-tax net operating income $3,816
    Securities gains (or losses, -) $16
    Income before extraordinary items $3,175
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,175
    Minority interest net income $0
    Net income $3,175
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,161

    Ambler Savings Bank's gross interest income from loans was $14,986,000.
    Ambler Savings Bank's net interest income from loans was $11,629,000.
    Ambler Savings Bank's fee based income from loans was $45,000.
    Ambler Savings Bank's net income from loans was $3,175,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,357
    Provision for credit losses $100
    Total noninterest expense $8,048
    Salaries and employee benefits $4,860
    Premises and equipment expense $922
    Additional noninterest expense $2,266
    Applicable income taxes $657
    Net charge-offs $97
    Cash dividends $0

    Ambler Savings Bank's interest expense for loans was $3,357,000.
    Ambler Savings Bank's payroll and benefits expense were $4,860,000.
    Ambler Savings Bank's property, plant and equipment expenses $922,000.

    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 30.0%
    Credit card loans 0.0%
    Other individual loans 30.0%
    Auto loans 0.0%
    Other consumer loans 30.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $361,269
    Deposits held in domestic offices $361,269
    Deposits by Individuals, partnerships, and corporations $313,503
    Deposits by U.S. Government $1
    Deposits by States and political subdivisions in the U.S. $47,316
    Deposits by Commercial banks and other depository institutions in U.S. $449
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $100,509
    Demand deposits $100,509
    Nontransaction accounts $260,760
    Money market deposit accounts (MMDAs) $49,888
    Other savings deposits (excluding MMDAs) $88,372
    Total time deposits $122,500
    Total time and savings deposits $260,760
    Noninterest-bearing deposits $52,904
    Interest-bearing deposits $308,365
    Retail deposits $346,437
    IRAs and Keogh plan accounts $33,855
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $444,259
    Cash & Balances due from depository institutions $57,933
    Interest-bearing balances $56,257
    Total securities $88,401
    Federal funds sold & reverse repurchase $0
    Net loans and leases $275,918
    Loan and leases loss allowance $2,651
    Trading account assets $0
    Bank premises and fixed assets $12,717
    Other real estate owned $0
    Goodwill and other intangibles $678
    All other assets $8,612

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $444,259
    Total Liabilities $385,442
    Total deposits $361,269
    Interest-bearing deposits $308,365
    Deposits held in domestic offices $361,269
    % insured (estimated) $79
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $21,815
    Subordinated debt $0
    All other liabilities $2,358

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $275,918
    Loan and leases loss allowance $2,651
    Total loans and leases (domestic) $278,569
    All real estate loans $257,068
    Real estate loans in domestic offices $257,068
    Construction and development loans $10,004
    Residential 1-4 family construction $3,256
    Other construction, all land development and other land $6,748
    Loans secured by nonfarm nonresidential properties $43,965
    Nonfarm nonresidential secured by owner-occupied properties $17,517
    Commercial real estate & other non-farm, non-residential $26,448
    Multifamily residential real estate $5,504
    1-4 family residential loans $197,364
    Farmland loans $231
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $19,280
    To non-U.S. addressees $0
    Loans to individuals $49
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $0
    Other loans to individuals $49
    All other loans & leases $2,172
    Loans to foreign governments and official institutions $0
    Other loans $48
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $456
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $463
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Ambler Savings Bank had $275,918,000 of loans outstanding in 2020. $257,068,000 of loans were in real estate loans. $10,004,000 of loans were in development loans. $5,504,000 of loans were in multifamily mortgage loans. $197,364,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $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 93 $23,443 $252,075
    Nonfarm, nonresidential loans - <$100k 12 $579 $48,250
    Nonfarm, nonresidential loans - $100-250k 38 $5,254 $138,263
    Nonfarm, nonresidential loans - $250k-1MM 43 $17,610 $409,535
    Commercial & Industrial, US addressed loans - <$1MM 249 $15,375 $61,747
    Commercial & Industrial, US addressed loans - <$100k 201 $5,392 $26,826
    Commercial & Industrial, US addressed loans - $100-250k 35 $4,661 $133,171
    Commercial & Industrial, US addressed loans - $250k-1MM 13 $5,322 $409,385
    Farmland loans - <$1MM 2 $231 $115,500
    Farmland loans - $100-250k 1 $110 $110,000
    Farmland loans - $250k-1MM 1 $121 $121,000