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, Ocean City, Reading, and Allentown among others. We have data for 4 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

    151

    Origination Dollar Volume (All Markets)

    $46,735,000

    Employee count

    55

    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) 142 $43,070,000 $303,310 $0 0.00%
    OCEAN CITY, NJ (FHA|USDA|VA) 3 $2,535,000 $845,000 $0 0.00%
    READING, PA (FHA|USDA|VA) 5 $955,000 $191,000 $0 0.00%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
    Ambler Savings Bank's top markets include Philadelphia, Ocean City, Reading, and Allentown among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 151 $46,735,000 $309,503 $0 0.00%

    For 2021, Ambler Savings Bank's most frequently originated type of loan was Conventional, with 151 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 111 $32,575,000 $293,468 $0 0.00%
    Home Purchase 31 $13,215,000 $426,290 $0 0.00%
    Other 5 $705,000 $141,000 $0 0.00%
    Home Improvement 4 $240,000 $60,000 $0 0.00%

    For 2021, Ambler Savings Bank's most frequently cited loan purpose was Refi, with 111 originations. The 2nd most popular reason was Home Purchase, with 31 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 151 $46,735,000 $309,503 $0 0.00%

    For 2021, Ambler Savings Bank's most frequently cited loan duration was Other, with 151 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 68 $19,600,000 $288,235 $0 0.00%
    $100k-200k 29 $4,595,000 $158,448 $0 0.00%
    $100,000 or less 24 $1,450,000 $60,417 $0 0.00%
    $400k-600k 16 $7,910,000 $494,375 $0 0.00%
    $600k-1MM 9 $7,195,000 $799,444 $0 0.00%
    $1MM+ 5 $5,985,000 $1,197,000 $0 0.00%

    2021 saw Ambler Savings Bank place emphasis on $200k-400k loans with 68 originations, totaling $19,600,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 25 $5,925,000 $237,000 $0 0.00%
    $150k-250k 25 $8,645,000 $345,800 $0 0.00%
    $75k-100k 16 $2,770,000 $173,125 $0 0.00%
    $250k+ 15 $8,035,000 $535,667 $0 0.00%
    $50k-75k 11 $2,295,000 $208,636 $0 0.00%
    $50k or less 2 $470,000 $235,000 $0 0.00%

    Ambler Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 25 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% 151 $46,735,000 $309,503 $0 0.00%

    Ambler Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 151 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 100 $28,550,000 $285,500 $0 0.00%
    Not applicable 44 $15,260,000 $346,818 $0 0.00%
    Not provided 5 $1,595,000 $319,000 $0 0.00%
    Asian Indian 1 $1,055,000 $1,055,000 $0 0.00%
    Other Asian 1 $275,000 $275,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.50%

    Ambler 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
    88.74%

    Ambler Savings Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 151 $46,735,000 $309,503

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    151 $46,735,000 $309,503

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Ambler Savings Bank 1120 Meetinghouse Rd. Gwynedd, PA 19436 Limited, Drive-thru $6,480
    Ambler Savings Bank 1515 The Fairway Jenkintown, PA 19046 Limited, Drive-thru $2,559
    Ambler Savings Bank 155 E Butler Ave Ambler, PA 19002 Full Service B&M $228,239
    Ambler Savings Bank 3009 W Germantown Pike Jeffersonville, PA 19403 Full Service B&M $27,765
    Ambler Savings Bank 3205 Skippack Pike Lansdale, PA 19446 Limited, Drive-thru $6,878
    Ambler Savings Bank 323 Main Street Bally, PA 19503 Full Service B&M $5,912
    Ambler Savings Bank 438 West Ridge Pike Limerick, PA 19468 Full Service B&M $64,494
    Ambler Savings Bank 9000 Twin Silo Drive Blue Bell, PA 19422 Limited, Drive-thru $49,358

    For 2021, Ambler Savings Bank had 8 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $15,507
    Net interest income $13,221
    Total noninterest income $436
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $64
    Trading account gains and fees $0
    Additional Noninterest Income $372
    Pre-tax net operating income $5,146
    Securities gains (or losses, -) $0
    Income before extraordinary items $4,069
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,069
    Minority interest net income $0
    Net income $4,069
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,069

    Ambler Savings Bank's gross interest income from loans was $15,507,000.
    Ambler Savings Bank's net interest income from loans was $13,221,000.
    Ambler Savings Bank's fee based income from loans was $64,000.
    Ambler Savings Bank's net income from loans was $4,069,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,286
    Provision for credit losses $0
    Total noninterest expense $8,511
    Salaries and employee benefits $5,087
    Premises and equipment expense $948
    Additional noninterest expense $2,476
    Applicable income taxes $1,077
    Net charge-offs $-93
    Cash dividends $0

    Ambler Savings Bank's interest expense for loans was $2,286,000.
    Ambler Savings Bank's payroll and benefits expense were $5,087,000.
    Ambler Savings Bank's property, plant and equipment expenses $948,000.

    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 12.0%
    Credit card loans 0.0%
    Other individual loans 12.0%
    Auto loans 0.0%
    Other consumer loans 12.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $411,690
    Deposits held in domestic offices $411,690
    Deposits by Individuals, partnerships, and corporations $361,741
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $49,949
    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 $141,610
    Demand deposits $141,610
    Nontransaction accounts $270,080
    Money market deposit accounts (MMDAs) $68,595
    Other savings deposits (excluding MMDAs) $93,186
    Total time deposits $108,299
    Total time and savings deposits $270,080
    Noninterest-bearing deposits $88,391
    Interest-bearing deposits $323,299
    Retail deposits $399,905
    IRAs and Keogh plan accounts $30,932
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $496,269
    Cash & Balances due from depository institutions $69,906
    Interest-bearing balances $68,350
    Total securities $116,707
    Federal funds sold & reverse repurchase $0
    Net loans and leases $287,357
    Loan and leases loss allowance $2,744
    Trading account assets $0
    Bank premises and fixed assets $12,316
    Other real estate owned $0
    Goodwill and other intangibles $630
    All other assets $9,353

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $496,269
    Total Liabilities $434,983
    Total deposits $411,690
    Interest-bearing deposits $323,299
    Deposits held in domestic offices $411,690
    % insured (estimated) $74
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $20,815
    Subordinated debt $0
    All other liabilities $2,478

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $287,357
    Loan and leases loss allowance $2,744
    Total loans and leases (domestic) $290,101
    All real estate loans $279,171
    Real estate loans in domestic offices $279,171
    Construction and development loans $15,910
    Residential 1-4 family construction $3,841
    Other construction, all land development and other land $12,069
    Loans secured by nonfarm nonresidential properties $57,982
    Nonfarm nonresidential secured by owner-occupied properties $24,849
    Commercial real estate & other non-farm, non-residential $33,133
    Multifamily residential real estate $6,505
    1-4 family residential loans $198,579
    Farmland loans $195
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $10,891
    To non-U.S. addressees $0
    Loans to individuals $32
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $0
    Other loans to individuals $32
    All other loans & leases $7
    Loans to foreign governments and official institutions $0
    Other loans $7
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $604
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $445
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Ambler Savings Bank had $287,357,000 of loans outstanding in 2021. $279,171,000 of loans were in real estate loans. $15,910,000 of loans were in development loans. $6,505,000 of loans were in multifamily mortgage loans. $198,579,000 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 91 $25,666 $282,044
    Nonfarm, nonresidential loans - <$100k 12 $598 $49,833
    Nonfarm, nonresidential loans - $100-250k 35 $5,519 $157,686
    Nonfarm, nonresidential loans - $250k-1MM 44 $19,549 $444,295
    Commercial & Industrial, US addressed loans - <$1MM 109 $9,234 $84,716
    Commercial & Industrial, US addressed loans - <$100k 78 $2,045 $26,218
    Commercial & Industrial, US addressed loans - $100-250k 17 $2,253 $132,529
    Commercial & Industrial, US addressed loans - $250k-1MM 14 $4,936 $352,571
    Farmland loans - <$1MM 2 $195 $97,500
    Farmland loans - $100-250k 1 $86 $86,000
    Farmland loans - $250k-1MM 1 $109 $109,000