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

Jump to:

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 Refi, 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, Vineyard Haven, Manchester, and Augusta among others. We have data for 16 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.

    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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    469

    Origination Dollar Volume (All Markets)

    $244,105,000

    Employee count

    171

    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) 422 $185,580,000 $439,763 $0 0.00%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 12 $42,740,000 $3,561,667 $0 0.00%
    Outside of Metro Areas 15 $7,725,000 $515,000 $0 0.00%
    Vineyard Haven, MA (FHA|USDA|VA) 2 $2,480,000 $1,240,000 $0 0.00%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 5 $1,805,000 $361,000 $0 0.00%
    Augusta-Waterville, ME (FHA|USDA|VA) 1 $615,000 $615,000 $0 0.00%
    Lebanon, NH-VT (FHA|USDA|VA) 2 $530,000 $265,000 $0 0.00%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $495,000 $495,000 $0 0.00%
    Laconia, NH (FHA|USDA|VA) 1 $355,000 $355,000 $0 0.00%
    LEWISTON-AUBURN, ME (FHA|USDA|VA) 2 $340,000 $170,000 $0 0.00%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $315,000 $315,000 $0 0.00%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
    Concord, NH (FHA|USDA|VA) 1 $265,000 $265,000 $0 0.00%
    WORCESTER, MA-CT (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
    Berlin, NH (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
    Newburyport Five Cents Savings Bank's top markets include Boston, Portland, Vineyard Haven, Manchester, and Augusta among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 469 $244,105,000 $520,480 $0 0.00%

    For 2020, Newburyport Five Cents Savings Bank's most frequently originated type of loan was Conventional, with 469 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 176 $83,320,000 $473,409 $0 0.00%
    Home Purchase 143 $101,555,000 $710,175 $0 0.00%
    Cash Out Refi 132 $52,380,000 $396,818 $0 0.00%
    Other 12 $3,210,000 $267,500 $0 0.00%
    Home Improvement 6 $3,640,000 $606,667 $0 0.00%

    For 2020, Newburyport Five Cents Savings Bank's most frequently cited loan purpose was Refi, with 176 originations. The 2nd most popular reason was Home Purchase, with 143 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 469 $244,105,000 $520,480 $0 0.00%

    For 2020, Newburyport Five Cents Savings Bank's most frequently cited loan duration was Other, with 469 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 207 $61,335,000 $296,304 $0 0.00%
    $400k-600k 101 $47,635,000 $471,634 $0 0.00%
    $100k-200k 67 $10,335,000 $154,254 $0 0.00%
    $600k-1MM 55 $41,625,000 $756,818 $0 0.00%
    $1MM+ 27 $82,435,000 $3,053,148 $0 0.00%
    $100,000 or less 12 $740,000 $61,667 $0 0.00%

    2020 saw Newburyport Five Cents Savings Bank place emphasis on $200k-400k loans with 207 originations, totaling $61,335,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 108 $37,020,000 $342,778 $0 0.00%
    $150k-250k 101 $46,815,000 $463,515 $0 0.00%
    $250k+ 76 $44,680,000 $587,895 $0 0.00%
    $75k-100k 54 $15,530,000 $287,593 $0 0.00%
    $50k-75k 34 $7,150,000 $210,294 $0 0.00%
    $50k or less 24 $4,730,000 $197,083 $0 0.00%

    Newburyport Five Cents Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 108 originations. The second most popular income band? $150k-250k, with 101 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 469 $244,105,000 $520,480 $0 0.00%

    Newburyport Five Cents Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 469 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 379 $149,425,000 $394,261 $0 0.00%
    Not applicable 68 $87,030,000 $1,279,853 $0 0.00%
    Not provided 21 $7,395,000 $352,143 $0 0.00%
    Asian 1 $255,000 $255,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.16%

    Newburyport Five Cents Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.30%

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

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 469 $244,105,000 $520,480

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 22 $65,720,000 $2,987,273
    Single Family (1-4 Units):Site-Built 447 $178,385,000 $399,072

    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 $67,313
    Newburyport Five Cents Savings Bank 141 Portsmouth Avenue Exeter, NH 3833 Full Service B&M $8,693
    Newburyport Five Cents Savings Bank 21 Storey Avenue Newburyport, MA 1950 Full Service B&M $80,568
    Newburyport Five Cents Savings Bank 254 State Street Portsmouth, NH 3801 Full Service B&M $29,113
    Newburyport Five Cents Savings Bank 27 High Road Newbury, MA 1951 Full Service B&M $73,954
    Newburyport Five Cents Savings Bank 321 Lafayette Road Hampton, NH 3842 Full Service B&M $8,218
    Newburyport Five Cents Savings Bank 40 Friend Street Amesbury, MA 1913 Full Service B&M $21,260
    Newburyport Five Cents Savings Bank 43 Main St Amesbury, MA 1913 Limited, Drive-thru $32,938
    Newburyport Five Cents Savings Bank 63 State Street Newburyport, MA 1950 Full Service B&M $390,453
    Newburyport Five Cents Savings Bank 836 Central Avenue Dover, NH 3820 Full Service B&M $16,708
    Newburyport Five Cents Savings Bank 85 Storey Avenue Newburyport, MA 1950 Limited, Mobile/Seasonal Office $430
    Newburyport Five Cents Savings Bank Merrill Street And Route 110 Salisbury, MA 1952 Full Service B&M $87,417

    For 2020, Newburyport Five Cents Savings Bank had 12 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $42,448
    Net interest income $36,113
    Total noninterest income $4,922
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $287
    Trading account gains and fees $0
    Additional Noninterest Income $4,635
    Pre-tax net operating income $4,703
    Securities gains (or losses, -) $830
    Income before extraordinary items $4,601
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,601
    Minority interest net income $0
    Net income $4,601
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,912

    Newburyport Five Cents Savings Bank's gross interest income from loans was $42,448,000.
    Newburyport Five Cents Savings Bank's net interest income from loans was $36,113,000.
    Newburyport Five Cents Savings Bank's fee based income from loans was $287,000.
    Newburyport Five Cents Savings Bank's net income from loans was $4,601,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $6,335
    Provision for credit losses $5,167
    Total noninterest expense $31,165
    Salaries and employee benefits $20,476
    Premises and equipment expense $3,583
    Additional noninterest expense $7,106
    Applicable income taxes $932
    Net charge-offs $1,288
    Cash dividends $278

    Newburyport Five Cents Savings Bank's interest expense for loans was $6,335,000.
    Newburyport Five Cents Savings Bank's payroll and benefits expense were $20,476,000.
    Newburyport Five Cents Savings Bank's property, plant and equipment expenses $3,583,000.

    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 $890,278
    Deposits held in domestic offices $890,278
    Deposits by Individuals, partnerships, and corporations $706,124
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $148,049
    Deposits by Commercial banks and other depository institutions in U.S. $36,105
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $296,400
    Demand deposits $172,906
    Nontransaction accounts $593,878
    Money market deposit accounts (MMDAs) $328,977
    Other savings deposits (excluding MMDAs) $107,486
    Total time deposits $157,415
    Total time and savings deposits $717,372
    Noninterest-bearing deposits $172,906
    Interest-bearing deposits $717,372
    Retail deposits $837,118
    IRAs and Keogh plan accounts $24,431
    Brokered deposits $23,574
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,205,217
    Cash & Balances due from depository institutions $33,778
    Interest-bearing balances $25,054
    Total securities $135,974
    Federal funds sold & reverse repurchase $0
    Net loans and leases $980,025
    Loan and leases loss allowance $12,390
    Trading account assets $4,633
    Bank premises and fixed assets $19,173
    Other real estate owned $0
    Goodwill and other intangibles $451
    All other assets $31,183

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,205,217
    Total Liabilities $1,066,048
    Total deposits $890,278
    Interest-bearing deposits $717,372
    Deposits held in domestic offices $890,278
    % insured (estimated) $60
    Federal funds purchased and repurchase agreements $2,404
    Trading liabilities $4,633
    Other borrowed funds $154,893
    Subordinated debt $0
    All other liabilities $13,840

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $980,025
    Loan and leases loss allowance $12,390
    Total loans and leases (domestic) $992,415
    All real estate loans $780,908
    Real estate loans in domestic offices $780,908
    Construction and development loans $123,308
    Residential 1-4 family construction $21,587
    Other construction, all land development and other land $101,721
    Loans secured by nonfarm nonresidential properties $268,160
    Nonfarm nonresidential secured by owner-occupied properties $122,783
    Commercial real estate & other non-farm, non-residential $145,377
    Multifamily residential real estate $45,647
    1-4 family residential loans $342,967
    Farmland loans $826
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $120,111
    To non-U.S. addressees $0
    Loans to individuals $32,198
    Credit card loans $0
    Related Plans $731
    Consumer Auto Loans $706
    Other loans to individuals $30,761
    All other loans & leases $59,198
    Loans to foreign governments and official institutions $0
    Other loans $55
    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 $30
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Newburyport Five Cents Savings Bank had $980,025,000 of loans outstanding in 2020. $780,908,000 of loans were in real estate loans. $123,308,000 of loans were in development loans. $45,647,000 of loans were in multifamily mortgage loans. $342,967,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $706,000 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 274 $82,439 $300,872
    Nonfarm, nonresidential loans - <$100k 33 $1,287 $39,000
    Nonfarm, nonresidential loans - $100-250k 51 $6,339 $124,294
    Nonfarm, nonresidential loans - $250k-1MM 190 $74,813 $393,753
    Commercial & Industrial, US addressed loans - <$1MM 661 $52,951 $80,107
    Commercial & Industrial, US addressed loans - <$100k 440 $11,511 $26,161
    Commercial & Industrial, US addressed loans - $100-250k 128 $15,019 $117,336
    Commercial & Industrial, US addressed loans - $250k-1MM 93 $26,421 $284,097
    Farmland loans - <$1MM 2 $349 $174,500
    Farmland loans - $250k-1MM 2 $349 $174,500