Newburyport Five Cents Savings Bank Mortgage Rates, Fees & Info

Newburyport, MA

LEI: 549300JXG84BHZE66C26

Tax ID: 04-1669070

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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

    Newburyport Five Cents Savings Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Newburyport Five Cents Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Portland, Laconia, Providence, and Manchester among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Newburyport Five Cents 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.

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    Originations

    147

    Origination Dollar Volume (All Markets)

    $61,805,000

    Employee count

    137

    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
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 134 $51,890,000 $387,239 $0 0.00%
    Outside of Metro Areas 3 $6,235,000 $2,078,333 $0 0.00%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 6 $1,970,000 $328,333 $0 0.00%
    Laconia, NH (FHA|USDA|VA) 1 $665,000 $665,000 $0 0.00%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $485,000 $485,000 $0 0.00%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 1 $355,000 $355,000 $0 0.00%
    Lebanon, NH-VT (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
    Newburyport Five Cents Savings Bank's top markets include Boston, Portland, Laconia, Providence, and Manchester among others.

    Their top states include:
  • Massachusetts (FHA|USDA|VA)
  • New Hampshire (FHA|USDA|VA)
  • Maine (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 147 $61,805,000 $420,442 $0 0.00%

    For 2018, Newburyport Five Cents Savings Bank's most frequently originated type of loan was Conventional, with 147 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 83 $34,275,000 $412,952 $0 0.00%
    Cash Out Refi 36 $13,920,000 $386,667 $0 0.00%
    Refi 22 $9,650,000 $438,636 $0 0.00%
    Home Improvement 6 $3,960,000 $660,000 $0 0.00%

    For 2018, Newburyport Five Cents Savings Bank's most frequently cited loan purpose was Home Purchase, with 83 originations. The 2nd most popular reason was Cash Out Refi, with 36 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 147 $61,805,000 $420,442 $0 0.00%

    For 2018, Newburyport Five Cents Savings Bank's most frequently cited loan duration was Other, with 147 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 65 $18,405,000 $283,154 $0 0.00%
    $400k-600k 35 $16,165,000 $461,857 $0 0.00%
    $100k-200k 18 $2,730,000 $151,667 $0 0.00%
    $600k-1MM 16 $11,340,000 $708,750 $0 0.00%
    $1MM+ 8 $12,920,000 $1,615,000 $0 0.00%
    $100,000 or less 5 $245,000 $49,000 $0 0.00%

    2018 saw Newburyport Five Cents Savings Bank place emphasis on $200k-400k loans with 65 originations, totaling $18,405,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 39 $11,405,000 $292,436 $0 0.00%
    $250k+ 30 $18,210,000 $607,000 $0 0.00%
    $150k-250k 28 $10,460,000 $373,571 $0 0.00%
    $75k-100k 13 $3,555,000 $273,462 $0 0.00%
    $50k-75k 9 $1,965,000 $218,333 $0 0.00%
    $50k or less 4 $1,160,000 $290,000 $0 0.00%

    Newburyport Five Cents Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 39 originations. The second most popular income band? $250k+, with 30 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 147 $61,805,000 $420,442 $0 0.00%

    Newburyport Five Cents Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 147 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 118 $44,560,000 $377,627 $0 0.00%
    Not applicable 24 $15,050,000 $627,083 $0 0.00%
    Not provided 5 $2,195,000 $439,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.06%

    Newburyport Five Cents Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    83.67%

    Newburyport Five Cents Savings Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 147 $61,805,000 $420,442

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 6 $4,400,000 $733,333
    Single Family (1-4 Units):Site-Built 141 $57,405,000 $407,128

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Newburyport Five Cents Savings Bank 1390b Lafayette Road Portsmouth, NH 3801 Full Service B&M $56,222
    Newburyport Five Cents Savings Bank 21 Storey Avenue Newburyport, MA 1950 Full Service B&M $74,389
    Newburyport Five Cents Savings Bank 254 State Street Portsmouth, NH 3801 Full Service B&M $25,996
    Newburyport Five Cents Savings Bank 27 High Road Newbury, MA 1951 Full Service B&M $63,346
    Newburyport Five Cents Savings Bank 40 Friend Street Amesbury, MA 1913 Full Service B&M $14,643
    Newburyport Five Cents Savings Bank 43 Main Street Amesbury, MA 1913 Full Service B&M $22,757
    Newburyport Five Cents Savings Bank 63 State Street Newburyport, MA 1950 Full Service B&M $250,807
    Newburyport Five Cents Savings Bank 85 Storey Avenue Newburyport, MA 1950 Limited, Mobile/Seasonal Office $412
    Newburyport Five Cents Savings Bank Merrill Street And Route 110 Salisbury, MA 1952 Full Service B&M $78,564

    For 2018, Newburyport Five Cents Savings Bank had 9 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $34,652
    Net interest income $26,768
    Total noninterest income $1,822
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $321
    Trading account gains and fees $0
    Additional Noninterest Income $1,501
    Pre-tax net operating income $2,087
    Securities gains (or losses, -) $4,712
    Income before extraordinary items $5,431
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,431
    Minority interest net income $0
    Net income $5,431
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,661

    Newburyport Five Cents Savings Bank's gross interest income from loans was $34,652,000.
    Newburyport Five Cents Savings Bank's net interest income from loans was $26,768,000.
    Newburyport Five Cents Savings Bank's fee based income from loans was $321,000.
    Newburyport Five Cents Savings Bank's net income from loans was $5,431,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $7,884
    Provision for credit losses $825
    Total noninterest expense $25,678
    Salaries and employee benefits $17,385
    Premises and equipment expense $2,385
    Additional noninterest expense $5,908
    Applicable income taxes $1,368
    Net charge-offs $417
    Cash dividends $1,686

    Newburyport Five Cents Savings Bank's interest expense for loans was $7,884,000.
    Newburyport Five Cents Savings Bank's payroll and benefits expense were $17,385,000.
    Newburyport Five Cents Savings Bank's property, plant and equipment expenses $2,385,000.

    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 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 $668,675
    Deposits held in domestic offices $668,675
    Deposits by Individuals, partnerships, and corporations $581,013
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $81,271
    Deposits by Commercial banks and other depository institutions in U.S. $6,391
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $38,345
    Demand deposits $24,098
    Nontransaction accounts $630,330
    Money market deposit accounts (MMDAs) $198,842
    Other savings deposits (excluding MMDAs) $228,182
    Total time deposits $203,306
    Total time and savings deposits $644,577
    Noninterest-bearing deposits $96,925
    Interest-bearing deposits $571,750
    Retail deposits $572,914
    IRAs and Keogh plan accounts $28,042
    Brokered deposits $27,641
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $874,944
    Cash & Balances due from depository institutions $10,864
    Interest-bearing balances $5,148
    Total securities $141,349
    Federal funds sold & reverse repurchase $0
    Net loans and leases $677,313
    Loan and leases loss allowance $6,788
    Trading account assets $0
    Bank premises and fixed assets $16,093
    Other real estate owned $0
    Goodwill and other intangibles $305
    All other assets $29,020

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $874,944
    Total Liabilities $751,207
    Total deposits $668,675
    Interest-bearing deposits $571,750
    Deposits held in domestic offices $668,675
    % insured (estimated) $69
    Federal funds purchased and repurchase agreements $1,504
    Trading liabilities $0
    Other borrowed funds $70,064
    Subordinated debt $0
    All other liabilities $10,964

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $677,313
    Loan and leases loss allowance $6,788
    Total loans and leases (domestic) $684,101
    All real estate loans $657,425
    Real estate loans in domestic offices $657,425
    Construction and development loans $90,349
    Residential 1-4 family construction $21,772
    Other construction, all land development and other land $68,577
    Loans secured by nonfarm nonresidential properties $209,694
    Nonfarm nonresidential secured by owner-occupied properties $84,550
    Commercial real estate & other non-farm, non-residential $125,144
    Multifamily residential real estate $23,012
    1-4 family residential loans $333,510
    Farmland loans $860
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $24,865
    To non-U.S. addressees $0
    Loans to individuals $1,670
    Credit card loans $0
    Related Plans $466
    Consumer Auto Loans $13
    Other loans to individuals $1,191
    All other loans & leases $141
    Loans to foreign governments and official institutions $0
    Other loans $11
    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 $195
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Newburyport Five Cents Savings Bank had $677,313,000 of loans outstanding in 2018. $657,425,000 of loans were in real estate loans. $90,349,000 of loans were in development loans. $23,012,000 of loans were in multifamily mortgage loans. $333,510,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $13,000 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 247 $73,974 $299,490
    Nonfarm, nonresidential loans - <$100k 29 $1,248 $43,034
    Nonfarm, nonresidential loans - $100-250k 60 $8,257 $137,617
    Nonfarm, nonresidential loans - $250k-1MM 158 $64,469 $408,032
    Commercial & Industrial, US addressed loans - <$1MM 193 $16,908 $87,606
    Commercial & Industrial, US addressed loans - <$100k 132 $3,998 $30,288
    Commercial & Industrial, US addressed loans - $100-250k 32 $2,654 $82,938
    Commercial & Industrial, US addressed loans - $250k-1MM 29 $10,256 $353,655
    Farmland loans - <$1MM 3 $417 $139,000
    Farmland loans - $100-250k 1 $12 $12,000
    Farmland loans - $250k-1MM 2 $405 $202,500