The Dime Bank Mortgage Rates, Fees & Info
Honesdale, PALEI: 549300JSQZG5CD2LWR30
Tax ID: 24-0614380
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Mortgage Data
Bank Data
Review & Overview
The Dime Bank is a smaller bank specializing in Home Purchase, Cash Out Refi, and Home Improvement loans. The Dime Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: New York, Scranton, East Stroudsburg, Poughkeepsie, and Philadelphia among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)The Dime 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.
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Originations
378Origination Dollar Volume (All Markets)
$82,070,000Employee count
141Top 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 |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 116 | $35,800,000 | $308,621 | $0 | 0.00% |
| Outside of Metro Areas | 179 | $27,065,000 | $151,201 | $0 | 0.00% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 64 | $11,710,000 | $182,969 | $0 | 0.00% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 8 | $3,940,000 | $492,500 | $0 | 0.00% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 2 | $1,660,000 | $830,000 | $0 | 0.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 3 | $905,000 | $301,667 | $0 | 0.00% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 3 | $345,000 | $115,000 | $0 | 0.00% |
| BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| Pottsville, PA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| BINGHAMTON, NY (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 374 | $81,620,000 | $218,235 | $0 | 0.00% |
| USDA | 4 | $450,000 | $112,500 | $0 | 0.00% |
For 2020, The Dime Bank's most frequently originated type of loan was Conventional, with 374 originations. Their 2nd most popular type was USDA, with 4 originations.
Loan Reason
For 2020, The Dime Bank's most frequently cited loan purpose was Home Purchase, with 120 originations. The 2nd most popular reason was Refi, with 95 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 378 | $82,070,000 | $217,116 | $0 | 0.00% |
For 2020, The Dime Bank's most frequently cited loan duration was Other, with 378 originations.
Loan Sizing
2020 saw The Dime Bank place emphasis on $100k-200k loans with 146 originations, totaling $21,380,000 in origination value.
Applicant Income
The Dime Bank lent most frequently to those with incomes in the $100k-150k range, with 76 originations. The second most popular income band? $50k-75k, with 67 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 378 | $82,070,000 | $217,116 | $0 | 0.00% |
The Dime Bank lent most frequently to those with DTI ratios of Exempt%, with 378 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications84.46%
The Dime Bank has a below average approval rate.
Pick Rate
Approvals leading to origination80.42%
The Dime Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 378 | $82,070,000 | $217,116 |
Occupancy Type Mix
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| The Dime Bank | 120 Sunrise Avenue Honesdale, PA 18431 | Limited, Administrative | $0 |
| The Dime Bank | 157 Brooklyn Street Carbondale, PA 18407 | Full Service B&M | $42,103 |
| The Dime Bank | 1586 Route 507 Greentown, PA 18426 | Full Service B&M | $54,323 |
| The Dime Bank | 1679 Cochecton Tpke Damascus, PA 18415 | Full Service B&M | $62,178 |
| The Dime Bank | 1824 Route 739 Dingmans Ferry, PA 18328 | Full Service B&M | $59,903 |
| The Dime Bank | 309 Main Avenue Hawley, PA 18428 | Full Service B&M | $73,377 |
| The Dime Bank | 820-822 Church Street Honesdale, PA 18431 | Full Service B&M | $276,597 |
| The Dime Bank | 99 Welwood Avenue Hawley, PA 18428 | Full Service B&M | $103,338 |
For 2020, The Dime Bank had 8 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $33,895 |
| Net interest income | $28,824 |
| Total noninterest income | $5,742 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $970 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $4,772 |
| Pre-tax net operating income | $9,969 |
| Securities gains (or losses, -) | $124 |
| Income before extraordinary items | $8,871 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $8,871 |
| Minority interest net income | $0 |
| Net income | $8,871 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $8,761 |
The Dime Bank's gross interest income from loans was $33,895,000.
The Dime Bank's net interest income from loans was $28,824,000.
The Dime Bank's fee based income from loans was $970,000.
The Dime Bank's net income from loans was $8,871,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $5,071 |
| Provision for credit losses | $3,500 |
| Total noninterest expense | $21,097 |
| Salaries and employee benefits | $11,944 |
| Premises and equipment expense | $1,728 |
| Additional noninterest expense | $7,425 |
| Applicable income taxes | $1,222 |
| Net charge-offs | $1,284 |
| Cash dividends | $3,250 |
The Dime Bank's interest expense for loans was $5,071,000.
The Dime Bank's payroll and benefits expense were $11,944,000.
The Dime Bank's property, plant and equipment expenses $1,728,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 2.0% |
| Real Estate loans | 3.0% |
| Construction & Land Development loans | 0.0% |
| Nonfarm, nonresidential loans | 4.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 1.0% |
| HELOC loans | 1.0% |
| All other family | 1.0% |
| Commercial & industrial loans | 1.0% |
| 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 | $687,754 |
| Deposits held in domestic offices | $687,754 |
| Deposits by Individuals, partnerships, and corporations | $596,757 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $90,797 |
| Deposits by Commercial banks and other depository institutions in U.S. | $201 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $59,291 |
| Demand deposits | $55,139 |
| Nontransaction accounts | $628,464 |
| Money market deposit accounts (MMDAs) | $85,883 |
| Other savings deposits (excluding MMDAs) | $370,298 |
| Total time deposits | $172,283 |
| Total time and savings deposits | $632,616 |
| Noninterest-bearing deposits | $151,362 |
| Interest-bearing deposits | $536,392 |
| Retail deposits | $634,631 |
| IRAs and Keogh plan accounts | $25,616 |
| Brokered deposits | $17,040 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $881,484 |
| Cash & Balances due from depository institutions | $24,975 |
| Interest-bearing balances | $20,651 |
| Total securities | $167,968 |
| Federal funds sold & reverse repurchase | $103 |
| Net loans and leases | $634,077 |
| Loan and leases loss allowance | $10,654 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $12,599 |
| Other real estate owned | $224 |
| Goodwill and other intangibles | $767 |
| All other assets | $40,771 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $881,484 |
| Total Liabilities | $788,698 |
| Total deposits | $687,754 |
| Interest-bearing deposits | $536,392 |
| Deposits held in domestic offices | $687,754 |
| % insured (estimated) | $76 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $89,184 |
| Subordinated debt | $0 |
| All other liabilities | $11,760 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $634,077 |
| Loan and leases loss allowance | $10,654 |
| Total loans and leases (domestic) | $644,731 |
| All real estate loans | $470,299 |
| Real estate loans in domestic offices | $470,299 |
| Construction and development loans | $31,955 |
| Residential 1-4 family construction | $3,643 |
| Other construction, all land development and other land | $28,312 |
| Loans secured by nonfarm nonresidential properties | $312,989 |
| Nonfarm nonresidential secured by owner-occupied properties | $271,749 |
| Commercial real estate & other non-farm, non-residential | $41,240 |
| Multifamily residential real estate | $11,888 |
| 1-4 family residential loans | $110,703 |
| Farmland loans | $2,764 |
| Loans held in foreign offices | $0 |
| Farm loans | $528 |
| Commercial and industrial loans | $147,767 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $11,077 |
| Credit card loans | $0 |
| Related Plans | $57 |
| Consumer Auto Loans | $7,396 |
| Other loans to individuals | $3,624 |
| All other loans & leases | $17,290 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $3,916 |
| 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 | $4,698 |
| Non 1-4 family restructured loans & leases | $4,266 |
| Total loans and leases (foreign) | $0 |
The Dime Bank had $634,077,000 of loans outstanding in 2020. $470,299,000 of loans were in real estate loans. $31,955,000 of loans were in development loans. $11,888,000 of loans were in multifamily mortgage loans. $110,703,000 of loans were in 1-4 family mortgage loans. $528,000 of loans were in farm loans. $0 of loans were in credit card loans. $7,396,000 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 | 360 | $74,725 | $207,569 |
| Nonfarm, nonresidential loans - <$100k | 60 | $2,431 | $40,517 |
| Nonfarm, nonresidential loans - $100-250k | 141 | $16,060 | $113,901 |
| Nonfarm, nonresidential loans - $250k-1MM | 159 | $56,234 | $353,673 |
| Commercial & Industrial, US addressed loans - <$1MM | 1,103 | $78,385 | $71,065 |
| Commercial & Industrial, US addressed loans - <$100k | 807 | $17,914 | $22,198 |
| Commercial & Industrial, US addressed loans - $100-250k | 162 | $17,137 | $105,784 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 134 | $43,334 | $323,388 |
| Farmland loans - <$1MM | 15 | $1,770 | $118,000 |
| Farmland loans - <$100k | 5 | $190 | $38,000 |
| Farmland loans - $100-250k | 7 | $804 | $114,857 |
| Farmland loans - $250k-1MM | 3 | $776 | $258,667 |
| Agriculture operations loans - <$1MM | 26 | $528 | $20,308 |
| Agriculture operations loans - <$100k | 24 | $339 | $14,125 |
| Agriculture operations loans - $100-250k | 2 | $189 | $94,500 |