Berkshire Bank Mortgage Rates, Fees & Info

Pittsfield, MA

LEI: 549300LR1ZETOWYE9Z89

Tax ID: 04-3312097

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • 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

    Berkshire Bank is a smaller bank specializing in Home Purchase and Refi loans. Berkshire Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Boston, Springfield, Providence, New York, and York among others. We have data for 43 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Berkshire 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. Berkshire Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.27% 4/21/24
    30 Year Conventional Purchase 5.89% 4/21/24
    30 Year Conventional Refi 5.94% 4/21/24
    30 Year Cash-out Refi 6.24% 4/21/24
    30 Year FHA Purchase 7.07% 4/21/24
    30 Year FHA Refi 6.90% 4/21/24
    30 Year VA Purchase 6.73% 4/21/24
    15 Year Conventional Purchase 5.93% 4/21/24
    15 Year Conventional Refi 6.12% 4/21/24
    15 Year Cash-out Refi 6.12% 4/21/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Berkshire Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Berkshire Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    1,458

    Origination Dollar Volume (All Markets)

    $330,240,000

    Employee count

    1,701 Show all (6) awards

    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) 127 $44,035,000 $346,732 $2,325 4.85%
    SPRINGFIELD, MA (FHA|USDA|VA) 220 $30,680,000 $139,455 $2,633 4.55%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 59 $28,925,000 $490,254 $3,560 4.30%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 79 $28,905,000 $365,886 $6,696 4.51%
    YORK-HANOVER, PA (FHA|USDA|VA) 3 $28,015,000 $9,338,333 $0 4.64%
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 83 $25,585,000 $308,253 $4,183 4.60%
    PITTSFIELD, MA (FHA|USDA|VA) 167 $23,485,000 $140,629 $2,229 4.77%
    WORCESTER, MA-CT (FHA|USDA|VA) 141 $21,115,000 $149,752 $2,969 4.38%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 106 $16,830,000 $158,774 $3,743 4.26%
    ROCHESTER, NY (FHA|USDA|VA) 5 $11,375,000 $2,275,000 $3,470 4.44%
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) 53 $10,965,000 $206,887 $4,332 4.09%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 21 $9,205,000 $438,333 $387 5.16%
    UTICA-ROME, NY (FHA|USDA|VA) 113 $8,775,000 $77,655 $2,043 4.82%
    SYRACUSE, NY (FHA|USDA|VA) 95 $7,335,000 $77,211 $1,653 4.83%
    BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 2 $6,620,000 $3,310,000 $0 4.30%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 22 $4,600,000 $209,091 $765 4.89%
    Rutland, VT (FHA|USDA|VA) 22 $2,820,000 $128,182 $734 4.79%
    Hudson, NY (FHA|USDA|VA) 24 $2,740,000 $114,167 $1,293 4.83%
    GLENS FALLS, NY (FHA|USDA|VA) 25 $2,365,000 $94,600 $1,296 4.96%
    Ogdensburg-Massena, NY (FHA|USDA|VA) 1 $2,305,000 $2,305,000 $0 4.74%
    Bennington, VT (FHA|USDA|VA) 21 $2,275,000 $108,333 $404 4.96%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 4 $1,830,000 $457,500 $14,298 4.53%
    Outside of Metro Areas 12 $1,430,000 $119,167 $1,448 4.92%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 5 $1,155,000 $231,000 $5,959 4.47%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 5 $975,000 $195,000 $6,685 4.30%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 2 $760,000 $380,000 $5,962 5.19%
    KINGSTON, NY (FHA|USDA|VA) 3 $715,000 $238,333 $5,738 4.83%
    Amsterdam, NY (FHA|USDA|VA) 9 $625,000 $69,444 $2,707 4.77%
    Lebanon, NH-VT (FHA|USDA|VA) 2 $590,000 $295,000 $4,927 4.37%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 3 $515,000 $171,667 $8,781 4.00%
    Gloversville, NY (FHA|USDA|VA) 10 $460,000 $46,000 $13 4.93%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 2 $350,000 $175,000 $2,966 4.56%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $330,000 $165,000 $5,172 4.31%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $275,000 $275,000 $0 4.75%
    Torrington, CT (FHA|USDA|VA) 1 $245,000 $245,000 $3,256 4.49%
    Vineyard Haven, MA (FHA|USDA|VA) 1 $225,000 $225,000 $6,907 4.88%
    Keene, NH (FHA|USDA|VA) 1 $225,000 $225,000 $2,796 3.75%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $155,000 $155,000 $4,687 3.99%
    BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) 1 $125,000 $125,000 $0 4.75%
    Cortland, NY (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.75%
    LANCASTER, PA (FHA|USDA|VA) 1 $75,000 $75,000 $0 5.50%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $75,000 $75,000 $3,243 4.25%
    Oneonta, NY (FHA|USDA|VA) 1 $45,000 $45,000 $0 4.99%
    Berkshire Bank's top markets include Boston, Springfield, Providence, New York, and York among others.

    Their top states include:
  • Massachusetts (FHA|USDA|VA)
  • New York (FHA|USDA|VA)
  • Connecticut (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • Rhode Island (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Berkshire Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    SOMERSET
    Similarity Rank: 26
    SECNY Federal Credit Union
    Similarity Rank: 32
    The Torrington Savings Bank
    Similarity Rank: 45
    Bank of Richmondville
    Similarity Rank: 54
    N C P D Federal Credit Union
    Similarity Rank: 56
    Adirondack Bank
    Similarity Rank: 63
    Adams Community Bank
    Similarity Rank: 70
    SOUTHBRIDGE CREDIT UNION
    Similarity Rank: 80
    Florence Bank
    Similarity Rank: 96
    Schuyler Savings Bank
    Similarity Rank: 104

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 717 $237,965,000 $331,890 $2,253 4.57%
    HELOC 630 $68,280,000 $108,381 n/a 4.78%
    FHA 93 $19,465,000 $209,301 $7,391 4.02%
    VA 11 $3,075,000 $279,545 $6,842 4.05%
    USDA 7 $1,455,000 $207,857 $6,126 3.63%

    For 2019, Berkshire Bank's most frequently originated type of loan was Conventional, with 717 originations. Their 2nd most popular type was HELOC, with 630 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 443 $176,535,000 $398,499 $4,485 4.19%
    Refi 396 $78,970,000 $199,419 $1,220 4.73%
    Home Improvement 385 $40,075,000 $104,091 $764 4.96%
    Other 152 $12,340,000 $81,184 $221 4.89%
    Cash Out Refi 82 $22,320,000 $272,195 $4,048 4.23%

    For 2019, Berkshire Bank's most frequently cited loan purpose was Home Purchase, with 443 originations. The 2nd most popular reason was Refi, with 396 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 737 $80,355,000 $109,030 $707 4.89%
    30 Year 451 $108,465,000 $240,499 $4,499 4.12%
    15 Year 112 $15,400,000 $137,500 $1,309 4.54%
    10 Year 97 $51,145,000 $527,268 $252 5.05%
    5 Year 30 $24,750,000 $825,000 $4 4.95%
    Other 21 $46,075,000 $2,194,048 $2,869 3.92%
    30+ year 10 $4,050,000 $405,000 $8,390 4.39%

    For 2019, Berkshire Bank's most frequently cited loan duration was 20 Year, with 737 originations. The 2nd most popular length was 30 Year, with 451 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 575 $97,205,000 $169,052
    $1k-2k 106 $22,450,000 $211,792
    $2k-3k 50 $13,690,000 $273,800
    $3k-4k 7 $1,705,000 $243,571
    $5k+ 5 $2,745,000 $549,000
    $4k-5k 2 $930,000 $465,000

    Berkshire Bank's average total fees were $4,499, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 575 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 869 $172,165,000 $198,119
    3-4% 312 $92,610,000 $296,827
    5-6% 239 $55,365,000 $231,653
    6-7% 24 $8,630,000 $359,583
    <2.5% 12 $900,000 $75,000
    2.5-3% 2 $570,000 $285,000

    During 2019, Berkshire Bank's average interest rate for loans was 4.12%, while their most frequently originated rate bucket for loans was 4-5%, with 869 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 640 $32,170,000 $50,266 $628 4.91%
    $100k-200k 404 $57,180,000 $141,535 $3,217 4.47%
    $200k-400k 312 $84,990,000 $272,404 $4,505 4.28%
    $400k-600k 63 $28,255,000 $448,492 $5,088 4.24%
    $600k-1MM 21 $14,865,000 $707,857 $7,400 4.46%
    $1MM+ 18 $112,780,000 $6,265,556 $15,437 4.69%

    2019 saw Berkshire Bank place emphasis on $100,000 or less loans with 640 originations, totaling $32,170,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 288 $33,780,000 $117,292 $3,082 4.55%
    $100k-150k 274 $45,770,000 $167,044 $3,177 4.63%
    $50k or less 269 $22,395,000 $83,253 $2,234 4.59%
    $75k-100k 217 $30,445,000 $140,300 $3,296 4.64%
    $150k-250k 212 $40,820,000 $192,547 $3,153 4.63%
    $250k+ 141 $39,355,000 $279,113 $3,965 4.72%

    Berkshire Bank lent most frequently to those with incomes in the $50k-75k range, with 288 originations. The second most popular income band? $100k-150k, with 274 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 331 $45,575,000 $137,689 $2,626 4.63%
    30-36% 288 $44,130,000 $153,229 $2,921 4.62%
    <20% 131 $16,355,000 $124,847 $1,744 4.64%
    40% 67 $8,835,000 $131,866 $1,978 4.91%
    41% 62 $8,850,000 $142,742 $2,746 4.73%
    38% 58 $10,730,000 $185,000 $2,963 4.62%
    42% 57 $10,835,000 $190,088 $3,914 4.41%
    37% 57 $9,345,000 $163,947 $2,969 4.53%
    36% 51 $8,035,000 $157,549 $3,139 4.38%
    39% 49 $7,455,000 $152,143 $1,781 4.73%
    44% 48 $7,700,000 $160,417 $3,147 4.42%
    50-60% 43 $8,545,000 $198,721 $7,239 4.44%
    43% 35 $5,945,000 $169,857 $3,331 4.34%
    49% 35 $4,745,000 $135,571 $2,964 4.71%
    45% 31 $5,335,000 $172,097 $3,492 4.66%
    48% 30 $3,910,000 $130,333 $3,673 4.62%
    46% 28 $5,110,000 $182,500 $3,205 4.59%
    47% 28 $3,930,000 $140,357 $3,941 4.72%
    >60% 1 $35,000 $35,000 $0 6.34%

    Berkshire Bank lent most frequently to those with DTI ratios of 20-30%, with 331 originations. The next most common DTI ratio? 30-36%, with 288 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,237 $175,475,000 $141,855 $2,787 4.61%
    Not applicable 23 $95,335,000 $4,145,000 $0 4.82%
    Not provided 120 $44,170,000 $368,083 $3,970 4.63%
    Black 35 $7,505,000 $214,429 $6,202 4.38%
    Asian 36 $6,800,000 $188,889 $2,143 4.74%
    Asian Indian 2 $410,000 $205,000 $3,427 4.44%
    American Indian 2 $320,000 $160,000 $0 4.88%
    Other Asian 1 $105,000 $105,000 $0 5.00%
    Native Hawaiian or Islander 1 $95,000 $95,000 $2,630 3.63%
    Other Pacific Islander 1 $25,000 $25,000 $0 5.00%

    Approval Rates

    Total approvals of all applications
    80.48%

    Berkshire Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    78.26%

    Berkshire Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 10 $1,000,000 $100,000
    NA 1,448 $329,240,000 $227,376

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 22 $112,820,000 $5,128,182
    Single Family (1-4 Units):Manufactured 1 $135,000 $135,000
    Single Family (1-4 Units):Site-Built 1,435 $217,285,000 $151,418

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 311 $46,345,000 $149,019 $634 4.84%
    40-60% 159 $56,675,000 $356,447 $2,347 4.57%
    60-80% 308 $134,670,000 $437,240 $3,124 4.49%
    80-100% 299 $69,805,000 $233,462 $4,821 4.11%
    Over 100% 5 $1,185,000 $237,000 $7,930 3.80%
    Under 20% 376 $21,560,000 $57,340 $41 4.97%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    BERKSHIRE HILLS BANCORP, INC Conventional home mortgage Struggling to pay mortgage 1 25.0%
    BERKSHIRE HILLS BANCORP, INC Conventional home mortgage Trouble during payment process 1 25.0%
    BERKSHIRE HILLS BANCORP, INC Home equity loan or line of credit (HELOC) Closing on a mortgage 1 25.0%
    BERKSHIRE HILLS BANCORP, INC Home equity loan or line of credit (HELOC) Trouble during payment process 1 25.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Berkshire Bank 1 Central Plaza Ilion, NY 13357 Full Service B&M $40,481
    Berkshire Bank 1 Park Street Lee, MA 1238 Full Service B&M $49,956
    Berkshire Bank 100 Bellevue Avenue Newport, RI 2840 Full Service B&M $66,337
    Berkshire Bank 100 Gibraltar Road Horsham, PA 19044 Full Service B&M $40,155
    Berkshire Bank 100 West Dominick Street Rome, NY 13440 Full Service B&M $102,020
    Berkshire Bank 1000 Sullivan Avenue South Windsor, CT 6074 Full Service B&M $46,828
    Berkshire Bank 103 Main Street Sheffield, MA 1257 Full Service B&M $53,066
    Berkshire Bank 1057 Main Street Holden, MA 1520 Full Service B&M $59,852
    Berkshire Bank 108 Salem Tpke Norwich, CT 6360 Full Service Retail $40,621
    Berkshire Bank 11 Park Avenue Worcester, MA 1605 Full Service B&M $76,685
    Berkshire Bank 11 Vista Boulevard Slingerlands, NY 12159 Full Service B&M $18,906
    Berkshire Bank 1100 Mohawk Street Utica, NY 13501 Full Service B&M $30,484
    Berkshire Bank 114 Woodland St Hartford, CT 6105 Full Service Retail $2,876
    Berkshire Bank 115 Main Street Route 66 Hebron, CT 6248 Full Service B&M $70,245
    Berkshire Bank 116 Chelmsford Street Chelmsford, MA 1824 Full Service B&M $25,611
    Berkshire Bank 1202 Troy-Schenectady Road Latham, NY 12110 Full Service B&M $24,240
    Berkshire Bank 121 Congress Street Boston, MA 2110 Full Service Retail $732,226
    Berkshire Bank 122 Tower Hill Road Wakefield, RI 2879 Full Service B&M $68,092
    Berkshire Bank 1259 East Columbus Ave Springfield, MA 1105 Full Service B&M $228,057
    Berkshire Bank 1300 Erie Boulevard West Rome, NY 13440 Full Service B&M $30,267
    Berkshire Bank 1320 Washington Street Boston, MA 2118 Full Service B&M $36,430
    Berkshire Bank 1339 Memorial Drive Chicopee, MA 1020 Full Service B&M $28,955
    Berkshire Bank 1359 Springfield Street Feeding Hills, MA 1030 Full Service B&M $43,688
    Berkshire Bank 1363 Allen Street Springfield, MA 1118 Full Service B&M $48,944
    Berkshire Bank 138 Longmeadow Street Longmeadow, MA 1106 Full Service B&M $107,368
    Berkshire Bank 140 Sanford Farms Plaza Amsterdam, NY 12010 Full Service B&M $39,832
    Berkshire Bank 1430 E Main Rd Portsmouth, RI 2871 Full Service B&M $46,214
    Berkshire Bank 148 Broad Street Windsor, CT 6095 Full Service B&M $25,272
    Berkshire Bank 152 Main Street Ludlow, VT 5149 Full Service B&M $48,014
    Berkshire Bank 16 Albany Turnpike Simsbury, CT 6070 Full Service B&M $18,658
    Berkshire Bank 1629 Black River Boulevard Rome, NY 13440 Full Service B&M $118,314
    Berkshire Bank 165 East Main Road Middletown, RI 2842 Full Service B&M $62,671
    Berkshire Bank 165 Elm Street Pittsfield, MA 1201 Full Service B&M $105,651
    Berkshire Bank 1704 Western Avenue, Town Center Plaza Guilderland, NY 12084 Full Service Retail $39,680
    Berkshire Bank 18 Post Road Westerly, RI 2891 Full Service B&M $58,899
    Berkshire Bank 18 Princeton Hightstown Road East Windsor, NJ 8520 Full Service B&M $128,825
    Berkshire Bank 180 River Road Route 12 Lisbon, CT 6351 Full Service Retail $25,454
    Berkshire Bank 180 Westminster Rd Route 14 Canterbury, CT 6331 Full Service B&M $53,366
    Berkshire Bank 183 Quaker Road Glens Falls, NY 12804 Full Service B&M $62,261
    Berkshire Bank 184 Broadway Whitehall, NY 12887 Full Service B&M $34,671
    Berkshire Bank 187 Main Street Indian Orchard, MA 1151 Full Service Retail $8,591
    Berkshire Bank 19 Harrison Avenue Springfield, MA 1101 Full Service B&M $91,095
    Berkshire Bank 1925 Curry Road Rotterdam, NY 12306 Full Service B&M $31,250
    Berkshire Bank 2 Depot Street West Stockbridge, MA 1266 Full Service B&M $40,261
    Berkshire Bank 200 Merrow Road Tolland, CT 6084 Full Service B&M $43,778
    Berkshire Bank 2005 Boston Road Wilbraham, MA 1095 Full Service B&M $35,807
    Berkshire Bank 210-216 Main Street Oriskany Falls, NY 13425 Full Service B&M $20,885
    Berkshire Bank 22 Little River Road Westfield, MA 1085 Full Service B&M $47,064
    Berkshire Bank 22 West Street Rutland, VT 5701 Full Service B&M $104,742
    Berkshire Bank 220 Westfield Street West Springfield, MA 1089 Full Service B&M $51,341
    Berkshire Bank 225 Stockbridge Road Great Barrington, MA 1230 Full Service B&M $41,206
    Berkshire Bank 226 Boston Turnpike Shrewsbury, MA 1545 Full Service B&M $93,127
    Berkshire Bank 2344 Route 33 Robbinsville, NJ 8691 Full Service B&M $114,112
    Berkshire Bank 24 North Street Pittsfield, MA 1201 Full Service B&M $0
    Berkshire Bank 244 Main Street Great Barrington, MA 1230 Full Service B&M $216,708
    Berkshire Bank 25 Main Street Lenox, MA 1240 Full Service B&M $119,088
    Berkshire Bank 25 Worcester Road Webster, MA 1570 Full Service B&M $97,569
    Berkshire Bank 2532 Route 9 Malta, NY 12020 Full Service B&M $23,294
    Berkshire Bank 255 Delaware Avenue, Delaware Plaza Delmar, NY 12054 Full Service B&M $67,626
    Berkshire Bank 30 East Otis Road Otis, MA 1253 Full Service B&M $24,641
    Berkshire Bank 30 South Pearl Street Albany, NY 12207 Full Service B&M $102,501
    Berkshire Bank 303 Turnpike Road (Route 9) Westborough, MA 1581 Full Service B&M $82,984
    Berkshire Bank 31 Court Street Westfield, MA 1085 Full Service B&M $208,443
    Berkshire Bank 32 Main Street Stockbridge, MA 1262 Full Service B&M $32,756
    Berkshire Bank 320 West Boylston Street West Boylston, MA 1583 Full Service B&M $54,426
    Berkshire Bank 322 Maple Street Marlborough, MA 1752 Full Service B&M $40,539
    Berkshire Bank 34 Oriskany Boulevard Whitesboro, NY 13492 Full Service B&M $54,610
    Berkshire Bank 344 Prospect St Moosup, CT 6354 Full Service B&M $43,805
    Berkshire Bank 3450 Richville Road Manchester Center, VT 5255 Full Service B&M $95,758
    Berkshire Bank 37 Main Street North Adams, MA 1247 Full Service B&M $56,276
    Berkshire Bank 3816 Vermont Route 7a Arlington, VT 5250 Full Service B&M $20,204
    Berkshire Bank 386 Main Street Worcester, MA 1608 Full Service B&M $757,658
    Berkshire Bank 39 Cheshire Road Pittsfield, MA 1201 Full Service B&M $107,650
    Berkshire Bank 396 Cromwell Ave Rocky Hill, CT 6067 Full Service B&M $48,313
    Berkshire Bank 399 Albany Shaker Road Loudonville, NY 12211 Full Service B&M $24,718
    Berkshire Bank 404 Main Street Worcester, MA 1608 Limited, Drive-thru $0
    Berkshire Bank 423 Washington Street Brighton, MA 2135 Full Service B&M $49,012
    Berkshire Bank 431 Center Street Ludlow, MA 1056 Full Service B&M $47,826
    Berkshire Bank 435 Hartford Turnpike Vernon, CT 6066 Full Service B&M $26,723
    Berkshire Bank 4422 Route 27, Building B Kingston, NJ 8528 Full Service B&M $26,469
    Berkshire Bank 445 Liberty Street Pawcatuck, CT 6379 Full Service B&M $65,974
    Berkshire Bank 451 Lincoln Street Worcester, MA 1605 Full Service B&M $13,639
    Berkshire Bank 474 Boston Post Road North Windham, CT 6256 Full Service Retail $29,122
    Berkshire Bank 488 Columbia Pike New Lebanon, NY 12125 Full Service B&M $30,460
    Berkshire Bank 488 Main Street Dalton, MA 1226 Full Service Retail $30,344
    Berkshire Bank 4912 Main Street Manchester Center, VT 5255 Full Service B&M $64,004
    Berkshire Bank 495 Pittsfield Road Lenox, MA 1240 Full Service B&M $31,065
    Berkshire Bank 5 East Main Westborough, MA 1581 Full Service B&M $58,922
    Berkshire Bank 50 Auert Avenue Utica, NY 13502 Full Service B&M $30,490
    Berkshire Bank 50 E High St East Hampton, CT 6424 Full Service B&M $22,978
    Berkshire Bank 50 Genesee Street New Hartford, NY 13413 Full Service B&M $61,198
    Berkshire Bank 50-52 Main Street Chatham, NY 12037 Full Service B&M $34,791
    Berkshire Bank 51 West Main Street Johnstown, NY 12095 Full Service B&M $26,055
    Berkshire Bank 536 Providence Road Brooklyn, CT 6234 Full Service B&M $88,402
    Berkshire Bank 537 Route 130, Suite 774 Hamilton, NJ 8691 Full Service B&M $91,694
    Berkshire Bank 554 Exeter Road Route 207 Lebanon, CT 6249 Full Service B&M $56,361
    Berkshire Bank 560 Park Avenue Worcester, MA 1603 Full Service B&M $69,192
    Berkshire Bank 561 Warren Street Hudson, NY 12534 Full Service B&M $45,820
    Berkshire Bank 565 Main Street Leominster, MA 1453 Full Service B&M $42,817
    Berkshire Bank 576 North Greenbush Road Rensselaer, NY 12144 Full Service B&M $25,897
    Berkshire Bank 596 Hartford Pike Dayville, CT 6241 Full Service B&M $45,247
    Berkshire Bank 602 Columbia Turnpike East Greenbush, NY 12061 Full Service B&M $34,593
    Berkshire Bank 608 College Highway Southwick, MA 1077 Full Service B&M $87,254
    Berkshire Bank 61-65 Brookline Avenue Boston, MA 2215 Full Service B&M $71,499
    Berkshire Bank 628 Loudon Road, Route 9 Latham, NY 12110 Full Service B&M $53,936
    Berkshire Bank 63 Norwich Ave Colchester, CT 6415 Full Service B&M $33,263
    Berkshire Bank 66 Cedar Street Newington, CT 6111 Full Service B&M $34,241
    Berkshire Bank 66 West Street Pittsfield, MA 1201 Full Service B&M $158,011
    Berkshire Bank 6611 Manlius Center Road East Syracuse, NY 13057 Full Service B&M $168,560
    Berkshire Bank 669 Whitehead Road Lawrenceville, NJ 8648 Full Service B&M $101,418
    Berkshire Bank 6788 Northern Blvd East Syracuse, NY 13057 Full Service B&M $110,251
    Berkshire Bank 7 Halfmoon Circle, The Crossing Clifton Park, NY 12065 Full Service B&M $101,825
    Berkshire Bank 7 Sycamore St Glastonbury, CT 6033 Full Service B&M $38,284
    Berkshire Bank 706 Stony Hill Road Morrisville, PA 19067 Full Service B&M $33,078
    Berkshire Bank 72 Shaker Road East Longmeadow, MA 1028 Full Service B&M $73,186
    Berkshire Bank 734 William Street Pittsfield, MA 1201 Full Service B&M $57,951
    Berkshire Bank 74 Lamb Street, Route 116 South Hadley, MA 1075 Full Service B&M $54,987
    Berkshire Bank 763 Farmington Avenue Farmington, CT 6032 Full Service B&M $16,804
    Berkshire Bank 803 Main Street Willimantic, CT 6226 Full Service B&M $135,465
    Berkshire Bank 820 Suffield Strret Agawam, MA 1001 Full Service B&M $50,620
    Berkshire Bank 840 Route 33 Mercerville, NJ 8619 Full Service B&M $158,903
    Berkshire Bank 8491 Seneca Turnpike New Hartford, NY 13413 Full Service B&M $36,477
    Berkshire Bank 85 Freshwater Boulevard Enfield, CT 6082 Full Service B&M $61,205
    Berkshire Bank 91 Main Street Milford, MA 1757 Full Service B&M $31,218
    Berkshire Bank 927 Farmington Avenue West Hartford, CT 6107 Full Service B&M $161,172
    Berkshire Bank 95 Storrs Road Mansfield Center, CT 6250 Full Service B&M $95,900
    Berkshire Bank 979 Central Avenue Albany, NY 12205 Full Service Retail $26,352
    Berkshire Bank 98 Wolf Road Colonie, NY 12205 Full Service B&M $58,915
    Berkshire Bank 99 North Street Pittsfield, MA 1201 Full Service B&M $1,297,263
    Berkshire Bank 993 Grafton Street Worcester, MA 1604 Full Service B&M $67,787
    Berkshire Bank 996 Poquonnock Road Groton, CT 6340 Full Service B&M $55,571
    Berkshire Bank Mansion Square Shopping Center, 3421 State Street Niskayuna, NY 12309 Full Service B&M $52,960
    Berkshire Bank One West Main Street Little Falls, NY 13365 Full Service B&M $25,815
    Berkshire Bank West Main Street West Winfield, NY 13491 Full Service B&M $40,398

    For 2019, Berkshire Bank had 134 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $509,172
    Net interest income $371,206
    Total noninterest income $67,451
    Gross Fiduciary activities income $6,018
    Service charges on deposit accounts $20,424
    Trading account gains and fees $-367
    Additional Noninterest Income $41,376
    Pre-tax net operating income $125,298
    Securities gains (or losses, -) $3,468
    Income before extraordinary items $105,171
    Discontinued Operations (Extraordinary gains, net) $-4,071
    Net income of bank and minority interests $101,100
    Minority interest net income $0
    Net income $101,100
    Sale, conversion, retirement of capital stock, net $-872
    Net operating income $102,327

    Berkshire Bank's gross interest income from loans was $509,172,000.
    Berkshire Bank's net interest income from loans was $371,206,000.
    Berkshire Bank's fee based income from loans was $20,424,000.
    Berkshire Bank's net income from loans was $101,100,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $137,966
    Provision for credit losses $35,419
    Total noninterest expense $277,940
    Salaries and employee benefits $132,893
    Premises and equipment expense $36,564
    Additional noninterest expense $108,483
    Applicable income taxes $23,595
    Net charge-offs $33,313
    Cash dividends $101,700

    Berkshire Bank's interest expense for loans was $137,966,000.
    Berkshire Bank's payroll and benefits expense were $132,893,000.
    Berkshire Bank's property, plant and equipment expenses $36,564,000.

    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 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 $10,416,759
    Deposits held in domestic offices $10,416,759
    Deposits by Individuals, partnerships, and corporations $10,033,093
    Deposits by U.S. Government $10
    Deposits by States and political subdivisions in the U.S. $380,315
    Deposits by Commercial banks and other depository institutions in U.S. $3,341
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $1,331,852
    Demand deposits $554,846
    Nontransaction accounts $9,084,907
    Money market deposit accounts (MMDAs) $2,528,704
    Other savings deposits (excluding MMDAs) $2,966,835
    Total time deposits $3,589,368
    Total time and savings deposits $9,861,913
    Noninterest-bearing deposits $1,964,933
    Interest-bearing deposits $8,451,827
    Retail deposits $8,558,938
    IRAs and Keogh plan accounts $391,188
    Brokered deposits $1,208,127
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $13,181,399
    Cash & Balances due from depository institutions $516,798
    Interest-bearing balances $411,107
    Total securities $1,706,249
    Federal funds sold & reverse repurchase $59,276
    Net loans and leases $9,608,172
    Loan and leases loss allowance $63,575
    Trading account assets $90,959
    Bank premises and fixed assets $194,902
    Other real estate owned $1,734
    Goodwill and other intangibles $602,652
    All other assets $400,657

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $13,181,399
    Total Liabilities $11,435,705
    Total deposits $10,416,759
    Interest-bearing deposits $8,451,827
    Deposits held in domestic offices $10,416,759
    % insured (estimated) $68
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $81,001
    Other borrowed funds $821,560
    Subordinated debt $0
    All other liabilities $116,385

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $9,608,172
    Loan and leases loss allowance $63,575
    Total loans and leases (domestic) $9,671,747
    All real estate loans $7,193,090
    Real estate loans in domestic offices $7,193,090
    Construction and development loans $449,589
    Residential 1-4 family construction $17,249
    Other construction, all land development and other land $432,340
    Loans secured by nonfarm nonresidential properties $2,674,040
    Nonfarm nonresidential secured by owner-occupied properties $665,483
    Commercial real estate & other non-farm, non-residential $2,008,557
    Multifamily residential real estate $628,320
    1-4 family residential loans $3,437,109
    Farmland loans $4,032
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $1,796,171
    To non-U.S. addressees $0
    Loans to individuals $417,970
    Credit card loans $104
    Related Plans $6,816
    Consumer Auto Loans $383,115
    Other loans to individuals $27,935
    All other loans & leases $264,517
    Loans to foreign governments and official institutions $0
    Other loans $58,668
    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 $7,853
    Non 1-4 family restructured loans & leases $5,767
    Total loans and leases (foreign) $0

    Berkshire Bank had $9,608,172,000 of loans outstanding in 2019. $7,193,090,000 of loans were in real estate loans. $449,589,000 of loans were in development loans. $628,320,000 of loans were in multifamily mortgage loans. $3,437,109,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $104,000 of loans were in credit card loans. $383,115,000 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 908 $201,030 $221,399
    Nonfarm, nonresidential loans - <$100k 94 $3,696 $39,319
    Nonfarm, nonresidential loans - $100-250k 285 $30,206 $105,986
    Nonfarm, nonresidential loans - $250k-1MM 529 $167,128 $315,932
    Commercial & Industrial, US addressed loans - <$1MM 6,561 $426,690 $65,034
    Commercial & Industrial, US addressed loans - <$100k 4,467 $100,418 $22,480
    Commercial & Industrial, US addressed loans - $100-250k 1,154 $113,817 $98,628
    Commercial & Industrial, US addressed loans - $250k-1MM 940 $212,455 $226,016
    Farmland loans - <$1MM 9 $1,970 $218,889
    Farmland loans - <$100k 2 $141 $70,500
    Farmland loans - $100-250k 3 $553 $184,333
    Farmland loans - $250k-1MM 4 $1,276 $319,000