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

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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 Refi loans. Newburyport Five Cents Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Portland, Laconia, Manchester, and Vineyard Haven among others. We have data for 12 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

    396

    Origination Dollar Volume (All Markets)

    $264,310,000

    Employee count

    180

    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) 358 $239,430,000 $668,799 $0 0.00%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 14 $7,940,000 $567,143 $0 0.00%
    Laconia, NH (FHA|USDA|VA) 3 $5,205,000 $1,735,000 $0 0.00%
    Outside of Metro Areas 6 $3,760,000 $626,667 $0 0.00%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 7 $3,385,000 $483,571 $0 0.00%
    Vineyard Haven, MA (FHA|USDA|VA) 1 $1,835,000 $1,835,000 $0 0.00%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 1 $955,000 $955,000 $0 0.00%
    WORCESTER, MA-CT (FHA|USDA|VA) 2 $790,000 $395,000 $0 0.00%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $375,000 $375,000 $0 0.00%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $255,000 $255,000 $0 0.00%
    Berlin, NH (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
    Barre, VT (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
    Newburyport Five Cents Savings Bank's top markets include Boston, Portland, Laconia, Manchester, and Vineyard Haven among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 396 $264,310,000 $667,449 $0 0.00%

    For 2021, Newburyport Five Cents Savings Bank's most frequently originated type of loan was Conventional, with 396 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 160 $114,080,000 $713,000 $0 0.00%
    Refi 112 $90,890,000 $811,518 $0 0.00%
    Cash Out Refi 104 $45,860,000 $440,962 $0 0.00%
    Other 13 $4,005,000 $308,077 $0 0.00%
    Home Improvement 7 $9,475,000 $1,353,571 $0 0.00%

    For 2021, Newburyport Five Cents Savings Bank's most frequently cited loan purpose was Home Purchase, with 160 originations. The 2nd most popular reason was Refi, with 112 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 396 $264,310,000 $667,449 $0 0.00%

    For 2021, Newburyport Five Cents Savings Bank's most frequently cited loan duration was Other, with 396 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 147 $43,075,000 $293,027 $0 0.00%
    $400k-600k 93 $44,275,000 $476,075 $0 0.00%
    $600k-1MM 60 $45,390,000 $756,500 $0 0.00%
    $100k-200k 48 $7,140,000 $148,750 $0 0.00%
    $1MM+ 44 $124,140,000 $2,821,364 $0 0.00%
    $100,000 or less 4 $290,000 $72,500 $0 0.00%

    2021 saw Newburyport Five Cents Savings Bank place emphasis on $200k-400k loans with 147 originations, totaling $43,075,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 86 $40,850,000 $475,000 $0 0.00%
    $250k+ 85 $59,065,000 $694,882 $0 0.00%
    $100k-150k 75 $26,865,000 $358,200 $0 0.00%
    $75k-100k 39 $10,625,000 $272,436 $0 0.00%
    $50k-75k 27 $5,885,000 $217,963 $0 0.00%
    $50k or less 6 $1,550,000 $258,333 $0 0.00%

    Newburyport Five Cents Savings Bank lent most frequently to those with incomes in the $150k-250k range, with 86 originations. The second most popular income band? $250k+, with 85 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 396 $264,310,000 $667,449 $0 0.00%

    Newburyport Five Cents Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 396 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 301 $133,365,000 $443,073 $0 0.00%
    Not applicable 77 $119,225,000 $1,548,377 $0 0.00%
    Not provided 14 $7,080,000 $505,714 $0 0.00%
    Asian 2 $4,150,000 $2,075,000 $0 0.00%
    Native Hawaiian or Islander 1 $255,000 $255,000 $0 0.00%
    Black 1 $235,000 $235,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.67%

    Newburyport Five Cents Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.35%

    Newburyport Five Cents Savings Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 396 $264,310,000 $667,449

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    396 $264,310,000 $667,449

    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 $66,112
    Newburyport Five Cents Savings Bank 141 Portsmouth Avenue Exeter, NH 3833 Full Service B&M $12,523
    Newburyport Five Cents Savings Bank 21 Storey Avenue Newburyport, MA 1950 Full Service B&M $85,162
    Newburyport Five Cents Savings Bank 254 State Street Portsmouth, NH 3801 Full Service B&M $26,080
    Newburyport Five Cents Savings Bank 27 High Road Newbury, MA 1951 Full Service B&M $82,325
    Newburyport Five Cents Savings Bank 321 Lafayette Road Hampton, NH 3842 Full Service B&M $13,373
    Newburyport Five Cents Savings Bank 40 Friend Street Amesbury, MA 1913 Full Service B&M $58,802
    Newburyport Five Cents Savings Bank 43 Main St Amesbury, MA 1913 Limited, Drive-thru $0
    Newburyport Five Cents Savings Bank 63 State St Newburyport, MA 1950 Full Service B&M $594,542
    Newburyport Five Cents Savings Bank 836 Central Avenue Dover, NH 3820 Full Service B&M $18,427
    Newburyport Five Cents Savings Bank 85 Storey Avenue Newburyport, MA 1950 Limited, Mobile/Seasonal Office $683
    Newburyport Five Cents Savings Bank Merrill Street And Route 110 Salisbury, MA 1952 Full Service B&M $88,124

    For 2021, Newburyport Five Cents Savings Bank had 12 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $44,288
    Net interest income $41,025
    Total noninterest income $3,337
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $262
    Trading account gains and fees $0
    Additional Noninterest Income $3,075
    Pre-tax net operating income $7,263
    Securities gains (or losses, -) $708
    Income before extraordinary items $6,239
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $6,239
    Minority interest net income $0
    Net income $6,239
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $5,679

    Newburyport Five Cents Savings Bank's gross interest income from loans was $44,288,000.
    Newburyport Five Cents Savings Bank's net interest income from loans was $41,025,000.
    Newburyport Five Cents Savings Bank's fee based income from loans was $262,000.
    Newburyport Five Cents Savings Bank's net income from loans was $6,239,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,263
    Provision for credit losses $1,180
    Total noninterest expense $35,919
    Salaries and employee benefits $23,217
    Premises and equipment expense $3,886
    Additional noninterest expense $8,816
    Applicable income taxes $1,732
    Net charge-offs $1,098
    Cash dividends $5,894

    Newburyport Five Cents Savings Bank's interest expense for loans was $3,263,000.
    Newburyport Five Cents Savings Bank's payroll and benefits expense were $23,217,000.
    Newburyport Five Cents Savings Bank's property, plant and equipment expenses $3,886,000.

    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 $1,089,827
    Deposits held in domestic offices $1,089,827
    Deposits by Individuals, partnerships, and corporations $873,698
    Deposits by U.S. Government $14
    Deposits by States and political subdivisions in the U.S. $177,999
    Deposits by Commercial banks and other depository institutions in U.S. $38,116
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $334,614
    Demand deposits $200,347
    Nontransaction accounts $755,213
    Money market deposit accounts (MMDAs) $419,310
    Other savings deposits (excluding MMDAs) $133,525
    Total time deposits $202,379
    Total time and savings deposits $889,480
    Noninterest-bearing deposits $200,347
    Interest-bearing deposits $889,480
    Retail deposits $977,571
    IRAs and Keogh plan accounts $22,565
    Brokered deposits $90,282
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,286,414
    Cash & Balances due from depository institutions $38,452
    Interest-bearing balances $31,698
    Total securities $140,522
    Federal funds sold & reverse repurchase $0
    Net loans and leases $1,055,016
    Loan and leases loss allowance $12,472
    Trading account assets $2,592
    Bank premises and fixed assets $19,293
    Other real estate owned $0
    Goodwill and other intangibles $773
    All other assets $29,766

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,286,414
    Total Liabilities $1,149,459
    Total deposits $1,089,827
    Interest-bearing deposits $889,480
    Deposits held in domestic offices $1,089,827
    % insured (estimated) $65
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $2,592
    Other borrowed funds $40,168
    Subordinated debt $0
    All other liabilities $16,872

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,055,016
    Loan and leases loss allowance $12,472
    Total loans and leases (domestic) $1,067,488
    All real estate loans $874,773
    Real estate loans in domestic offices $874,773
    Construction and development loans $126,078
    Residential 1-4 family construction $26,632
    Other construction, all land development and other land $99,446
    Loans secured by nonfarm nonresidential properties $315,257
    Nonfarm nonresidential secured by owner-occupied properties $165,222
    Commercial real estate & other non-farm, non-residential $150,035
    Multifamily residential real estate $90,013
    1-4 family residential loans $342,651
    Farmland loans $774
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $104,632
    To non-U.S. addressees $0
    Loans to individuals $40,032
    Credit card loans $0
    Related Plans $506
    Consumer Auto Loans $2,046
    Other loans to individuals $37,480
    All other loans & leases $48,051
    Loans to foreign governments and official institutions $0
    Other loans $98
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $1,106
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Newburyport Five Cents Savings Bank had $1,055,016,000 of loans outstanding in 2021. $874,773,000 of loans were in real estate loans. $126,078,000 of loans were in development loans. $90,013,000 of loans were in multifamily mortgage loans. $342,651,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $2,046,000 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 $86,192 $314,569
    Nonfarm, nonresidential loans - <$100k 30 $1,181 $39,367
    Nonfarm, nonresidential loans - $100-250k 51 $6,822 $133,765
    Nonfarm, nonresidential loans - $250k-1MM 193 $78,189 $405,124
    Commercial & Industrial, US addressed loans - <$1MM 427 $39,532 $92,581
    Commercial & Industrial, US addressed loans - <$100k 239 $5,016 $20,987
    Commercial & Industrial, US addressed loans - $100-250k 101 $10,549 $104,446
    Commercial & Industrial, US addressed loans - $250k-1MM 87 $23,967 $275,483
    Farmland loans - <$1MM 2 $306 $153,000
    Farmland loans - $250k-1MM 2 $306 $153,000