Standard Bank Pasb Mortgage Rates, Fees & Info

Murrysville, PA

LEI: 549300OYKQOTFQTAV150

Tax ID: 25-0814030

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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

    Standard Bank Pasb is a smaller bank specializing in Refi loans. Standard Bank Pasb has a high proportion of conventional loans. Their top markets by origination volume include: Pittsburgh, Cumberland, Oil City, New Castle, and Somerset among others. We have data for 14 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Standard Bank Pasb 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. Standard Bank Pasb 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.


    Originations

    594

    Origination Dollar Volume (All Markets)

    $133,470,000

    Employee count

    147

    Awards

    Standard Bank PaSB 30 Year Conventional Loans gold Standard Bank PaSB 30 Year Conventional Loans gold Standard Bank PaSB 30 Year Conventional Loans silver Standard Bank PaSB 30 Year Conventional Loans silver
    Show all (4) 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
    PITTSBURGH, PA (FHA|USDA|VA) 474 $111,410,000 $235,042 $3,364 3.45%
    CUMBERLAND, MD-WV (FHA|USDA|VA) 83 $10,265,000 $123,675 $1,872 3.54%
    Oil City, PA (FHA|USDA|VA) 1 $4,415,000 $4,415,000 $0 4.00%
    New Castle, PA (FHA|USDA|VA) 2 $2,350,000 $1,175,000 $3,519 3.40%
    Outside of Metro Areas 16 $2,030,000 $126,875 $1,777 3.67%
    Somerset, PA (FHA|USDA|VA) 7 $835,000 $119,286 $2,354 3.41%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 2 $730,000 $365,000 $5,074 2.88%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 2 $460,000 $230,000 $3,106 2.94%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $305,000 $305,000 $0 3.80%
    DuBois, PA (FHA|USDA|VA) 1 $295,000 $295,000 $4,207 3.13%
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1 $125,000 $125,000 $0 4.50%
    JOHNSTOWN, PA (FHA|USDA|VA) 2 $110,000 $55,000 $0 4.25%
    Meadville, PA (FHA|USDA|VA) 1 $75,000 $75,000 $3,288 3.00%
    ALTOONA, PA (FHA|USDA|VA) 1 $65,000 $65,000 $3,023 2.88%
    Standard Bank Pasb's top markets include Pittsburgh, Cumberland, Oil City, New Castle, and Somerset among others.

    Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • West Virginia (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)

    • Similar Lenders

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

    CHESSIE
    Similarity Rank: 144
    FIRST PEOPLES COMMUNITY FEDERAL CREDIT UNION
    Similarity Rank: 231
    M. S. Flynn, Inc.
    Similarity Rank: 236
    TRI BORO
    Similarity Rank: 264
    WELCOME HOME FINANCE, L.P.
    Similarity Rank: 456
    STATE EMPLOYEES CREDIT UNION OF MARYLAND, INCORPORATED
    Similarity Rank: 522
    First Federal Savings and Loan Association of Greene Co
    Similarity Rank: 623
    NEW FED MORTGAGE, CORP.
    Similarity Rank: 644
    ARMCO CREDIT UNION
    Similarity Rank: 645
    HANCOCK COUNTY SAVINGS BANK, FSB, INC.
    Similarity Rank: 670

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 594 $133,470,000 $224,697 $3,056 3.47%

    For 2020, Standard Bank Pasb's most frequently originated type of loan was Conventional, with 594 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 388 $103,910,000 $267,809 $3,463 3.36%
    Home Purchase 151 $26,015,000 $172,285 $3,114 3.49%
    Home Improvement 30 $1,550,000 $51,667 $411 4.18%
    Other 24 $1,610,000 $67,083 $603 4.17%
    Cash Out Refi 1 $385,000 $385,000 $0 4.25%

    For 2020, Standard Bank Pasb's most frequently cited loan purpose was Refi, with 388 originations. The 2nd most popular reason was Home Purchase, with 151 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 220 $50,270,000 $228,500 $3,980 3.02%
    20 Year 144 $45,580,000 $316,528 $4,065 3.80%
    15 Year 129 $16,045,000 $124,380 $1,741 3.68%
    Other 48 $17,500,000 $364,583 $3,819 3.30%
    10 Year 40 $2,560,000 $64,000 $715 4.08%
    5 Year 10 $360,000 $36,000 $285 4.22%
    30+ year 3 $1,155,000 $385,000 $6,257 3.58%

    For 2020, Standard Bank Pasb's most frequently cited loan duration was 30 Year, with 220 originations. The 2nd most popular length was 20 Year, with 144 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 400 $69,570,000 $173,925
    $1k-2k 55 $12,785,000 $232,455
    $2k-3k 12 $3,370,000 $280,833
    $3k-4k 1 $385,000 $385,000
    $4k-5k 1 $305,000 $305,000
    $5k+ 1 $505,000 $505,000

    Standard Bank Pasb's average total fees were $3,980, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 400 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 280 $64,210,000 $229,321
    4-5% 166 $19,520,000 $117,590
    3-4% 143 $48,765,000 $341,014
    <2.5% 4 $930,000 $232,500
    5-6% 1 $45,000 $45,000

    During 2020, Standard Bank Pasb's average interest rate for loans was 3.02%, while their most frequently originated rate bucket for loans was 2.5-3%, with 280 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 187 $51,465,000 $275,214 $4,207 3.17%
    $100k-200k 183 $26,555,000 $145,109 $3,163 3.32%
    $100,000 or less 165 $9,045,000 $54,818 $982 4.00%
    $400k-600k 40 $18,280,000 $457,000 $5,554 3.19%
    $1MM+ 13 $23,755,000 $1,827,308 $0 3.95%
    $600k-1MM 6 $4,370,000 $728,333 $6,907 3.68%

    2020 saw Standard Bank Pasb place emphasis on $200k-400k loans with 187 originations, totaling $51,465,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 119 $25,315,000 $212,731 $3,448 3.21%
    $150k-250k 93 $25,805,000 $277,473 $4,000 3.17%
    $50k-75k 89 $10,515,000 $118,146 $2,558 3.45%
    $50k or less 81 $6,585,000 $81,296 $1,670 3.77%
    $75k-100k 74 $12,210,000 $165,000 $2,951 3.26%
    $250k+ 26 $7,600,000 $292,308 $3,713 3.21%

    Standard Bank Pasb lent most frequently to those with incomes in the $100k-150k range, with 119 originations. The second most popular income band? $150k-250k, with 93 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 150 $29,060,000 $193,733 $3,304 3.17%
    <20% 92 $17,800,000 $193,478 $3,367 3.16%
    30-36% 64 $12,660,000 $197,813 $3,008 3.36%
    39% 19 $2,365,000 $124,474 $2,394 3.49%
    37% 19 $3,875,000 $203,947 $2,804 3.39%
    49% 13 $1,165,000 $89,615 $1,341 3.94%
    38% 13 $1,825,000 $140,385 $2,401 3.42%
    43% 13 $1,805,000 $138,846 $2,352 3.57%
    44% 12 $3,010,000 $250,833 $4,254 3.07%
    41% 11 $2,095,000 $190,455 $2,834 3.38%
    47% 11 $2,165,000 $196,818 $2,541 3.62%
    36% 11 $1,305,000 $118,636 $2,279 3.45%
    45% 10 $1,650,000 $165,000 $2,696 3.53%
    42% 8 $2,150,000 $268,750 $4,117 3.24%
    40% 8 $1,310,000 $163,750 $3,314 3.60%
    48% 6 $1,190,000 $198,333 $3,216 3.62%
    46% 4 $540,000 $135,000 $2,601 3.77%
    50-60% 1 $25,000 $25,000 $251 4.24%

    Standard Bank Pasb lent most frequently to those with DTI ratios of 20-30%, with 150 originations. The next most common DTI ratio? <20%, with 92 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 435 $80,905,000 $185,989 $3,152 3.31%
    Not applicable 102 $43,750,000 $428,922 $0 4.08%
    Not provided 43 $6,335,000 $147,326 $2,241 3.54%
    Asian 7 $1,445,000 $206,429 $2,400 3.54%
    Black 6 $620,000 $103,333 $251 4.31%
    Asian Indian 1 $415,000 $415,000 $4,959 3.00%

    Approval Rates

    Total approvals of all applications
    94.26%

    Standard Bank Pasb has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.55%

    Standard Bank Pasb has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 594 $133,470,000 $224,697

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 49 $35,715,000 $728,878
    Single Family (1-4 Units):Manufactured 2 $140,000 $70,000
    Single Family (1-4 Units):Site-Built 543 $97,615,000 $179,770

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 49 $4,005,000 $81,735 $643 4.11%
    40-60% 88 $16,770,000 $190,568 $2,922 3.51%
    60-80% 281 $75,755,000 $269,591 $3,941 3.29%
    80-100% 128 $33,650,000 $262,891 $3,401 3.29%
    Over 100% 2 $1,840,000 $920,000 $0 4.03%
    Under 20% 46 $1,450,000 $31,522 $263 4.28%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    STANDARD MORTGAGE CORPORATION Conventional home mortgage Incorrect information on your report 1 14.3%
    STANDARD MORTGAGE CORPORATION Conventional home mortgage Trouble during payment process 3 42.9%
    STANDARD MORTGAGE CORPORATION FHA mortgage Struggling to pay mortgage 2 28.6%
    STANDARD MORTGAGE CORPORATION VA mortgage Closing on a mortgage 1 14.3%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Standard Bank, Pasb 100 Pittsburgh Street Scottdale, PA 15683 Full Service B&M $44,991
    Standard Bank, Pasb 1275 National Highway Cumberland, MD 21502 Full Service B&M $76,458
    Standard Bank, Pasb 200 North Mechanic Street Cumberland, MD 21502 Full Service B&M $7,345
    Standard Bank, Pasb 2000 Mt Troy Road Pittsburgh, PA 15212 Full Service B&M $33,637
    Standard Bank, Pasb 211 West Main St Ligonier, PA 15658 Full Service B&M $38,563
    Standard Bank, Pasb 2640 Monroeville Boulevard Monroeville, PA 15146 Full Service Cyber Office $0
    Standard Bank, Pasb 2640 Monroeville Boulevard Monroeville, PA 15146 Limited, Administrative $0
    Standard Bank, Pasb 2640 Monroeville Boulevard Monroeville, PA 15146 Full Service B&M $122,543
    Standard Bank, Pasb 3945 Center Street Hyndman, PA 15545 Full Service B&M $27,254
    Standard Bank, Pasb 4 Parkway Ctr, Ste 100, 875 Greentre Pittsburgh, PA 15220 Full Service B&M $15,548
    Standard Bank, Pasb 428 Forbes Avenue Pittsburgh, PA 15219 Full Service B&M $30,016
    Standard Bank, Pasb 4785 Old William Penn Highway Murrysville, PA 15668 Full Service B&M $58,215
    Standard Bank, Pasb 5137 Butler Street Pittsburgh, PA 15201 Full Service B&M $94,000
    Standard Bank, Pasb 5150 State Route 30, Eastgate Plaza Greensburg, PA 15601 Full Service B&M $16,944
    Standard Bank, Pasb 659 W Main Street Mount Pleasant, PA 15666 Full Service B&M $83,717
    Standard Bank, Pasb 7703 Mcknight Road Pittsburgh, PA 15237 Full Service B&M $19,804
    Standard Bank, Pasb 900 Mount Royal Boulevard Pittsburgh, PA 15223 Full Service B&M $89,316
    Standard Bank, Pasb Freeport Road And Center Avenue Blawnox, PA 15238 Full Service B&M $33,522

    For 2020, Standard Bank Pasb had 18 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $35,281
    Net interest income $27,895
    Total noninterest income $6,112
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $878
    Trading account gains and fees $0
    Additional Noninterest Income $5,234
    Pre-tax net operating income $8,437
    Securities gains (or losses, -) $-23
    Income before extraordinary items $6,765
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $6,765
    Minority interest net income $0
    Net income $6,765
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $6,783

    Standard Bank Pasb's gross interest income from loans was $35,281,000.
    Standard Bank Pasb's net interest income from loans was $27,895,000.
    Standard Bank Pasb's fee based income from loans was $878,000.
    Standard Bank Pasb's net income from loans was $6,765,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $7,386
    Provision for credit losses $3,088
    Total noninterest expense $22,482
    Salaries and employee benefits $12,967
    Premises and equipment expense $2,294
    Additional noninterest expense $7,221
    Applicable income taxes $1,649
    Net charge-offs $116
    Cash dividends $2,064

    Standard Bank Pasb's interest expense for loans was $7,386,000.
    Standard Bank Pasb's payroll and benefits expense were $12,967,000.
    Standard Bank Pasb's property, plant and equipment expenses $2,294,000.

    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 $810,227
    Deposits held in domestic offices $810,227
    Deposits by Individuals, partnerships, and corporations $753,592
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $56,635
    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 $307,272
    Demand deposits $194,461
    Nontransaction accounts $502,955
    Money market deposit accounts (MMDAs) $123,588
    Other savings deposits (excluding MMDAs) $173,205
    Total time deposits $206,162
    Total time and savings deposits $615,766
    Noninterest-bearing deposits $177,390
    Interest-bearing deposits $632,837
    Retail deposits $768,369
    IRAs and Keogh plan accounts $35,032
    Brokered deposits $813
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,051,383
    Cash & Balances due from depository institutions $50,645
    Interest-bearing balances $40,988
    Total securities $187,227
    Federal funds sold & reverse repurchase $0
    Net loans and leases $735,149
    Loan and leases loss allowance $7,851
    Trading account assets $0
    Bank premises and fixed assets $9,165
    Other real estate owned $488
    Goodwill and other intangibles $27,945
    All other assets $40,764

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,051,383
    Total Liabilities $907,012
    Total deposits $810,227
    Interest-bearing deposits $632,837
    Deposits held in domestic offices $810,227
    % insured (estimated) $78
    Federal funds purchased and repurchase agreements $3,597
    Trading liabilities $0
    Other borrowed funds $89,382
    Subordinated debt $0
    All other liabilities $3,806

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $735,149
    Loan and leases loss allowance $7,851
    Total loans and leases (domestic) $743,000
    All real estate loans $663,585
    Real estate loans in domestic offices $663,585
    Construction and development loans $25,663
    Residential 1-4 family construction $8,886
    Other construction, all land development and other land $16,777
    Loans secured by nonfarm nonresidential properties $185,641
    Nonfarm nonresidential secured by owner-occupied properties $51,377
    Commercial real estate & other non-farm, non-residential $134,264
    Multifamily residential real estate $46,878
    1-4 family residential loans $405,031
    Farmland loans $372
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $74,542
    To non-U.S. addressees $0
    Loans to individuals $504
    Credit card loans $0
    Related Plans $174
    Consumer Auto Loans $0
    Other loans to individuals $330
    All other loans & leases $5,688
    Loans to foreign governments and official institutions $0
    Other loans $35
    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 $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Standard Bank PaSB had $735,149,000 of loans outstanding in 2020. $663,585,000 of loans were in real estate loans. $25,663,000 of loans were in development loans. $46,878,000 of loans were in multifamily mortgage loans. $405,031,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $0 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 425 $72,039 $169,504
    Nonfarm, nonresidential loans - <$100k 153 $4,902 $32,039
    Nonfarm, nonresidential loans - $100-250k 127 $13,834 $108,929
    Nonfarm, nonresidential loans - $250k-1MM 145 $53,303 $367,607
    Commercial & Industrial, US addressed loans - <$1MM 868 $54,779 $63,109
    Commercial & Industrial, US addressed loans - <$100k 677 $16,157 $23,866
    Commercial & Industrial, US addressed loans - $100-250k 107 $12,062 $112,729
    Commercial & Industrial, US addressed loans - $250k-1MM 84 $26,560 $316,190
    Farmland loans - <$1MM 3 $372 $124,000
    Farmland loans - <$100k 1 $94 $94,000
    Farmland loans - $100-250k 2 $278 $139,000