Newburyport Five Cents Savings Bank Mortgage Rates, Fees & Info

Newburyport, MA

LEI: 549300JXG84BHZE66C26

Tax ID: 04-1669070

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Review & Overview

Newburyport Five Cents Savings Bank is a smaller bank specializing in Home Purchase, Cash Out Refi, and Refi loans. Newburyport Five Cents Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Portland, Manchester, Concord, and Worcester among others. We have data for 10 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

341

Origination Dollar Volume (All Markets)

$152,205,000

Employee count

163

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)	308	$138,050,000	$448,214	$0	0.00%
PORTLAND-SOUTH PORTLAND, ME (FHA\|USDA\|VA)	7	$5,905,000	$843,571	$0	0.00%
MANCHESTER-NASHUA, NH (FHA\|USDA\|VA)	6	$2,010,000	$335,000	$0	0.00%
Outside of Metro Areas	7	$1,645,000	$235,000	$0	0.00%
Concord, NH (FHA\|USDA\|VA)	2	$1,260,000	$630,000	$0	0.00%
WORCESTER, MA-CT (FHA\|USDA\|VA)	4	$1,080,000	$270,000	$0	0.00%
PROVIDENCE-WARWICK, RI-MA (FHA\|USDA\|VA)	3	$965,000	$321,667	$0	0.00%
Lebanon, NH-VT (FHA\|USDA\|VA)	2	$960,000	$480,000	$0	0.00%
BARNSTABLE TOWN, MA (FHA\|USDA\|VA)	1	$175,000	$175,000	$0	0.00%
Laconia, NH (FHA\|USDA\|VA)	1	$155,000	$155,000	$0	0.00%

Newburyport Five Cents Savings Bank's top markets include Boston, Portland, Manchester, Concord, and Worcester among others.

Their top states include:

Massachusetts (FHA|USDA|VA)

New Hampshire (FHA|USDA|VA)

Maine (FHA|USDA|VA)

Vermont (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	341	$152,205,000	$446,349	$0	0.00%

For 2019, Newburyport Five Cents Savings Bank's most frequently originated type of loan was Conventional, with 341 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	169	$76,015,000	$449,793	$0	0.00%
Cash Out Refi	84	$33,720,000	$401,429	$0	0.00%
Refi	81	$38,925,000	$480,556	$0	0.00%
Home Improvement	5	$3,285,000	$657,000	$0	0.00%
Other	2	$260,000	$130,000	$0	0.00%

For 2019, Newburyport Five Cents Savings Bank's most frequently cited loan purpose was Home Purchase, with 169 originations. The 2nd most popular reason was Cash Out Refi, with 84 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	341	$152,205,000	$446,349	$0	0.00%

For 2019, Newburyport Five Cents Savings Bank's most frequently cited loan duration was Other, with 341 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$200k-400k	135	$39,525,000	$292,778	$0	0.00%
$400k-600k	89	$42,145,000	$473,539	$0	0.00%
$600k-1MM	51	$37,215,000	$729,706	$0	0.00%
$100k-200k	41	$6,385,000	$155,732	$0	0.00%
$1MM+	16	$26,300,000	$1,643,750	$0	0.00%
$100,000 or less	9	$635,000	$70,556	$0	0.00%

2019 saw Newburyport Five Cents Savings Bank place emphasis on $200k-400k loans with 135 originations, totaling $39,525,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$150k-250k	90	$40,680,000	$452,000	$0	0.00%
$100k-150k	64	$21,880,000	$341,875	$0	0.00%
$250k+	62	$38,620,000	$622,903	$0	0.00%
$75k-100k	36	$9,590,000	$266,389	$0	0.00%
$50k-75k	31	$8,885,000	$286,613	$0	0.00%
$50k or less	7	$1,105,000	$157,857	$0	0.00%

Newburyport Five Cents Savings Bank lent most frequently to those with incomes in the $150k-250k range, with 90 originations. The second most popular income band? $100k-150k, with 64 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	341	$152,205,000	$446,349	$0	0.00%

Newburyport Five Cents Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 341 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	283	$117,615,000	$415,601	$0	0.00%
Not applicable	51	$31,445,000	$616,569	$0	0.00%
Not provided	6	$2,660,000	$443,333	$0	0.00%
Black	1	$485,000	$485,000	$0	0.00%

Approval Rates

Total approvals of all applications
93.82%

Newburyport Five Cents Savings Bank has an average approval rate.

Pick Rate

Approvals leading to origination
82.99%

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

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	341	$152,205,000	$446,349

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	19	$14,045,000	$739,211
Single Family (1-4 Units):Manufactured	1	$545,000	$545,000
Single Family (1-4 Units):Site-Built	321	$137,615,000	$428,707

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	$59,079
Newburyport Five Cents Savings Bank	141 Portsmouth Avenue Exeter, NH 3833	Full Service B&M	$2,734
Newburyport Five Cents Savings Bank	21 Storey Avenue Newburyport, MA 1950	Full Service B&M	$79,831
Newburyport Five Cents Savings Bank	254 State Street Portsmouth, NH 3801	Full Service B&M	$26,214
Newburyport Five Cents Savings Bank	27 High Road Newbury, MA 1951	Full Service B&M	$70,846
Newburyport Five Cents Savings Bank	321 Lafayette Road Hampton, NH 3842	Full Service B&M	$155
Newburyport Five Cents Savings Bank	40 Friend Street Amesbury, MA 1913	Full Service B&M	$18,166
Newburyport Five Cents Savings Bank	43 Main Street Amesbury, MA 1913	Full Service B&M	$33,557
Newburyport Five Cents Savings Bank	63 State Street Newburyport, MA 1950	Full Service B&M	$395,908
Newburyport Five Cents Savings Bank	836 Central Avenue Dover, NH 3820	Full Service B&M	$10,460
Newburyport Five Cents Savings Bank	85 Storey Avenue Newburyport, MA 1950	Limited, Mobile/Seasonal Office	$547
Newburyport Five Cents Savings Bank	Merrill Street And Route 110 Salisbury, MA 1952	Full Service B&M	$80,414

For 2019, Newburyport Five Cents Savings Bank had 12 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$39,024
Net interest income	$27,658
Total noninterest income	$3,063
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$392
Trading account gains and fees	$0
Additional Noninterest Income	$2,671
Pre-tax net operating income	$2,261
Securities gains (or losses, -)	$1,718
Income before extraordinary items	$3,361
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$3,361
Minority interest net income	$0
Net income	$3,361
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$1,917

Newburyport Five Cents Savings Bank's gross interest income from loans was $39,024,000.
Newburyport Five Cents Savings Bank's net interest income from loans was $27,658,000.
Newburyport Five Cents Savings Bank's fee based income from loans was $392,000.
Newburyport Five Cents Savings Bank's net income from loans was $3,361,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$11,366
Provision for credit losses	$1,759
Total noninterest expense	$26,701
Salaries and employee benefits	$15,852
Premises and equipment expense	$3,445
Additional noninterest expense	$7,404
Applicable income taxes	$618
Net charge-offs	$36
Cash dividends	$811

Newburyport Five Cents Savings Bank's interest expense for loans was $11,366,000.
Newburyport Five Cents Savings Bank's payroll and benefits expense were $15,852,000.
Newburyport Five Cents Savings Bank's property, plant and equipment expenses $3,445,000.

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	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	$769,110
Deposits held in domestic offices	$769,110
Deposits by Individuals, partnerships, and corporations	$616,728
Deposits by U.S. Government	$1
Deposits by States and political subdivisions in the U.S.	$132,500
Deposits by Commercial banks and other depository institutions in U.S.	$19,881
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$40,268
Demand deposits	$22,700
Nontransaction accounts	$728,842
Money market deposit accounts (MMDAs)	$293,729
Other savings deposits (excluding MMDAs)	$238,219
Total time deposits	$196,894
Total time and savings deposits	$746,410
Noninterest-bearing deposits	$104,575
Interest-bearing deposits	$664,535
Retail deposits	$684,193
IRAs and Keogh plan accounts	$27,609
Brokered deposits	$20,679
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$1,032,018
Cash & Balances due from depository institutions	$12,790
Interest-bearing balances	$5,576
Total securities	$132,258
Federal funds sold & reverse repurchase	$0
Net loans and leases	$834,935
Loan and leases loss allowance	$8,511
Trading account assets	$0
Bank premises and fixed assets	$19,912
Other real estate owned	$0
Goodwill and other intangibles	$309
All other assets	$31,814

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$1,032,018
Total Liabilities	$903,910
Total deposits	$769,110
Interest-bearing deposits	$664,535
Deposits held in domestic offices	$769,110
% insured (estimated)	$63
Federal funds purchased and repurchase agreements	$1,307
Trading liabilities	$0
Other borrowed funds	$122,638
Subordinated debt	$0
All other liabilities	$10,855

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$834,935
Loan and leases loss allowance	$8,511
Total loans and leases (domestic)	$843,446
All real estate loans	$697,105
Real estate loans in domestic offices	$697,105
Construction and development loans	$87,746
Residential 1-4 family construction	$20,106
Other construction, all land development and other land	$67,640
Loans secured by nonfarm nonresidential properties	$219,016
Nonfarm nonresidential secured by owner-occupied properties	$85,825
Commercial real estate & other non-farm, non-residential	$133,191
Multifamily residential real estate	$33,598
1-4 family residential loans	$355,305
Farmland loans	$1,440
Loans held in foreign offices	$0
Farm loans	$0
Commercial and industrial loans	$53,494
To non-U.S. addressees	$0
Loans to individuals	$30,966
Credit card loans	$0
Related Plans	$177
Consumer Auto Loans	$232
Other loans to individuals	$30,557
All other loans & leases	$61,881
Loans to foreign governments and official institutions	$0
Other loans	$51
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	$32
Non 1-4 family restructured loans & leases	$0
Total loans and leases (foreign)	$0

Newburyport Five Cents Savings Bank had $834,935,000 of loans outstanding in 2019. $697,105,000 of loans were in real estate loans. $87,746,000 of loans were in development loans. $33,598,000 of loans were in multifamily mortgage loans. $355,305,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $232,000 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	251	$74,708	$297,641
Nonfarm, nonresidential loans - <$100k	28	$1,393	$49,750
Nonfarm, nonresidential loans - $100-250k	58	$8,191	$141,224
Nonfarm, nonresidential loans - $250k-1MM	165	$65,124	$394,691
Commercial & Industrial, US addressed loans - <$1MM	228	$23,398	$102,623
Commercial & Industrial, US addressed loans - <$100k	131	$3,248	$24,794
Commercial & Industrial, US addressed loans - $100-250k	45	$3,903	$86,733
Commercial & Industrial, US addressed loans - $250k-1MM	52	$16,247	$312,442
Farmland loans - <$1MM	3	$381	$127,000
Farmland loans - $100-250k	1	$6	$6,000
Farmland loans - $250k-1MM	2	$375	$187,500