Rondout Savings Bank Mortgage Rates, Fees & Info

Kingston, NY

LEI: 549300ODXRVTZ21MSR34

Tax ID: 14-1012960

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

    Rondout Savings Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Rondout Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Kingston, Poughkeepsie, Hudson, and Albany among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Rondout 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

    343

    Origination Dollar Volume (All Markets)

    $92,345,000

    Employee count

    77

    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
    KINGSTON, NY (FHA|USDA|VA) 285 $74,735,000 $262,228 $0 0.00%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 25 $9,375,000 $375,000 $0 0.00%
    Outside of Metro Areas 26 $6,510,000 $250,385 $0 0.00%
    Hudson, NY (FHA|USDA|VA) 4 $1,020,000 $255,000 $0 0.00%
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 3 $705,000 $235,000 $0 0.00%
    Rondout Savings Bank's top markets include Kingston, Poughkeepsie, Hudson, and Albany among others.

    Their top states include:
  • New York (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 343 $92,345,000 $269,227 $0 0.00%

    For 2019, Rondout Savings Bank's most frequently originated type of loan was Conventional, with 343 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 233 $63,335,000 $271,824 $0 0.00%
    Cash Out Refi 58 $20,120,000 $346,897 $0 0.00%
    Home Improvement 22 $2,410,000 $109,545 $0 0.00%
    Other 15 $1,705,000 $113,667 $0 0.00%
    Refi 15 $4,775,000 $318,333 $0 0.00%

    For 2019, Rondout Savings Bank's most frequently cited loan purpose was Home Purchase, with 233 originations. The 2nd most popular reason was Cash Out Refi, with 58 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 343 $92,345,000 $269,227 $0 0.00%

    For 2019, Rondout Savings Bank's most frequently cited loan duration was Other, with 343 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 142 $38,580,000 $271,690 $0 0.00%
    $100k-200k 104 $15,690,000 $150,865 $0 0.00%
    $100,000 or less 46 $2,600,000 $56,522 $0 0.00%
    $400k-600k 29 $13,395,000 $461,897 $0 0.00%
    $600k-1MM 14 $10,190,000 $727,857 $0 0.00%
    $1MM+ 8 $11,890,000 $1,486,250 $0 0.00%

    2019 saw Rondout Savings Bank place emphasis on $200k-400k loans with 142 originations, totaling $38,580,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 79 $18,155,000 $229,810 $0 0.00%
    $150k-250k 79 $22,245,000 $281,582 $0 0.00%
    $250k+ 67 $30,475,000 $454,851 $0 0.00%
    $75k-100k 53 $8,975,000 $169,340 $0 0.00%
    $50k-75k 39 $5,515,000 $141,410 $0 0.00%
    $50k or less 13 $1,855,000 $142,692 $0 0.00%

    Rondout Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 79 originations. The second most popular income band? $150k-250k, with 79 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 343 $92,345,000 $269,227 $0 0.00%

    Rondout Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 343 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 240 $58,270,000 $242,792 $0 0.00%
    Not provided 81 $27,135,000 $335,000 $0 0.00%
    Not applicable 11 $4,805,000 $436,818 $0 0.00%
    Asian 6 $1,160,000 $193,333 $0 0.00%
    Black 4 $800,000 $200,000 $0 0.00%
    Other Asian 1 $175,000 $175,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.42%

    Rondout Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.01%

    Rondout Savings Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 343 $92,345,000 $269,227

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 6 $2,860,000 $476,667
    Single Family (1-4 Units):Site-Built 337 $89,485,000 $265,534

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Rondout Savings Bank 1296 Ulster Avenue Kingston, NY 12401 Full Service B&M $61,741
    Rondout Savings Bank 130 Schwenk Drive Kingston, NY 12401 Full Service B&M $65,389
    Rondout Savings Bank 295-4 Route 375 West Hurley, NY 12491 Full Service B&M $31,985
    Rondout Savings Bank 300 Broadway Kingston, NY 12401 Full Service B&M $162,449
    Rondout Savings Bank 4269 Albany Post Road Hyde Park, NY 12538 Full Service B&M $20,794

    For 2019, Rondout Savings Bank had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $15,536
    Net interest income $11,777
    Total noninterest income $2,778
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $709
    Trading account gains and fees $0
    Additional Noninterest Income $2,069
    Pre-tax net operating income $2,013
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,587
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,587
    Minority interest net income $0
    Net income $1,587
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,587

    Rondout Savings Bank's gross interest income from loans was $15,536,000.
    Rondout Savings Bank's net interest income from loans was $11,777,000.
    Rondout Savings Bank's fee based income from loans was $709,000.
    Rondout Savings Bank's net income from loans was $1,587,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,759
    Provision for credit losses $135
    Total noninterest expense $12,407
    Salaries and employee benefits $6,325
    Premises and equipment expense $1,706
    Additional noninterest expense $4,376
    Applicable income taxes $426
    Net charge-offs $63
    Cash dividends $0

    Rondout Savings Bank's interest expense for loans was $3,759,000.
    Rondout Savings Bank's payroll and benefits expense were $6,325,000.
    Rondout Savings Bank's property, plant and equipment expenses $1,706,000.

    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 $325,102
    Deposits held in domestic offices $325,102
    Deposits by Individuals, partnerships, and corporations $325,102
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $0
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $108,229
    Demand deposits $53,756
    Nontransaction accounts $216,873
    Money market deposit accounts (MMDAs) $19,567
    Other savings deposits (excluding MMDAs) $73,310
    Total time deposits $123,996
    Total time and savings deposits $271,346
    Noninterest-bearing deposits $53,756
    Interest-bearing deposits $271,346
    Retail deposits $285,414
    IRAs and Keogh plan accounts $16,312
    Brokered deposits $17,069
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $383,396
    Cash & Balances due from depository institutions $13,429
    Interest-bearing balances $11,138
    Total securities $44,274
    Federal funds sold & reverse repurchase $0
    Net loans and leases $309,209
    Loan and leases loss allowance $3,077
    Trading account assets $0
    Bank premises and fixed assets $6,624
    Other real estate owned $0
    Goodwill and other intangibles $1,386
    All other assets $8,474

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $383,396
    Total Liabilities $343,216
    Total deposits $325,102
    Interest-bearing deposits $271,346
    Deposits held in domestic offices $325,102
    % insured (estimated) $84
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $15,000
    Subordinated debt $0
    All other liabilities $3,114

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $309,209
    Loan and leases loss allowance $3,077
    Total loans and leases (domestic) $312,286
    All real estate loans $286,950
    Real estate loans in domestic offices $286,950
    Construction and development loans $15,696
    Residential 1-4 family construction $12,317
    Other construction, all land development and other land $3,379
    Loans secured by nonfarm nonresidential properties $53,399
    Nonfarm nonresidential secured by owner-occupied properties $25,269
    Commercial real estate & other non-farm, non-residential $28,130
    Multifamily residential real estate $9,438
    1-4 family residential loans $208,417
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $24,384
    To non-U.S. addressees $0
    Loans to individuals $955
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $83
    Other loans to individuals $872
    All other loans & leases $0
    Loans to foreign governments and official institutions $0
    Other loans $0
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $3,218
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $2,738
    Non 1-4 family restructured loans & leases $1,139
    Total loans and leases (foreign) $0

    Rondout Savings Bank had $309,209,000 of loans outstanding in 2019. $286,950,000 of loans were in real estate loans. $15,696,000 of loans were in development loans. $9,438,000 of loans were in multifamily mortgage loans. $208,417,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $83,000 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 119 $28,793 $241,958
    Nonfarm, nonresidential loans - <$100k 15 $658 $43,867
    Nonfarm, nonresidential loans - $100-250k 39 $5,605 $143,718
    Nonfarm, nonresidential loans - $250k-1MM 65 $22,530 $346,615
    Commercial & Industrial, US addressed loans - <$1MM 170 $18,456 $108,565
    Commercial & Industrial, US addressed loans - <$100k 100 $3,063 $30,630
    Commercial & Industrial, US addressed loans - $100-250k 39 $4,289 $109,974
    Commercial & Industrial, US addressed loans - $250k-1MM 31 $11,104 $358,194