Standard Bank Pasb Mortgage Rates, Fees & Info

Murrysville, PA

LEI: 549300OYKQOTFQTAV150

Tax ID: 25-0814030

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
  • 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 and Home Purchase loans. Standard Bank Pasb has a high proportion of conventional loans. Their top markets by origination volume include: Pittsburgh, Cumberland, Oil City, Somerset, and Hagerstown among others. We have data for 8 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 an above 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

    420

    Origination Dollar Volume (All Markets)

    $79,220,000

    Employee count

    149

    Awards

    Standard Bank PaSB 30 Year Conventional Loans gold Standard Bank PaSB 30 Year Conventional Loans silver
    Show all (2) 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) 312 $61,660,000 $197,628 $2,277 3.41%
    CUMBERLAND, MD-WV (FHA|USDA|VA) 81 $11,345,000 $140,062 $1,701 3.21%
    Outside of Metro Areas 18 $2,540,000 $141,111 $2,234 3.15%
    Oil City, PA (FHA|USDA|VA) 2 $2,360,000 $1,180,000 $7,145 3.56%
    Somerset, PA (FHA|USDA|VA) 4 $800,000 $200,000 $4,179 2.81%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 1 $455,000 $455,000 $3,159 2.75%
    YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1 $45,000 $45,000 $0 4.00%
    JOHNSTOWN, PA (FHA|USDA|VA) 1 $15,000 $15,000 $0 4.00%
    Standard Bank Pasb's top markets include Pittsburgh, Cumberland, Oil City, Somerset, and Hagerstown among others.

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

    TRI BORO
    Similarity Rank: 208
    FIRST PEOPLES COMMUNITY FEDERAL CREDIT UNION
    Similarity Rank: 260
    STATE EMPLOYEES CREDIT UNION OF MARYLAND, INCORPORATED
    Similarity Rank: 341
    WELCOME HOME FINANCE, L.P.
    Similarity Rank: 414
    HANCOCK COUNTY SAVINGS BANK, FSB, INC.
    Similarity Rank: 524
    First Federal Savings and Loan Association of Greene Co
    Similarity Rank: 639
    Standard Bank, PaSB
    Similarity Rank: 640
    SOUTHERN TRUST MORTGAGE, LLC
    Similarity Rank: 708
    Clear Mountain Bank
    Similarity Rank: 928
    AmeriServ Financial Bank
    Similarity Rank: 1120

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 420 $79,220,000 $188,619 $2,180 3.36%

    For 2021, Standard Bank Pasb's most frequently originated type of loan was Conventional, with 420 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 223 $49,605,000 $222,444 $2,457 3.30%
    Home Purchase 124 $24,900,000 $200,806 $3,054 3.34%
    Home Improvement 44 $2,680,000 $60,909 $304 3.60%
    Other 28 $1,650,000 $58,929 $500 3.54%
    Cash Out Refi 1 $385,000 $385,000 $0 4.00%

    For 2021, Standard Bank Pasb's most frequently cited loan purpose was Refi, with 223 originations. The 2nd most popular reason was Home Purchase, with 124 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 134 $13,290,000 $99,179 $999 3.37%
    30 Year 114 $25,740,000 $225,789 $3,643 3.01%
    20 Year 102 $29,740,000 $291,569 $3,549 3.67%
    10 Year 46 $3,680,000 $80,000 $522 3.49%
    Other 16 $4,100,000 $256,250 $3,213 3.40%
    5 Year 6 $1,650,000 $275,000 $286 3.56%
    30+ year 2 $1,020,000 $510,000 $7,089 3.19%

    For 2021, Standard Bank Pasb's most frequently cited loan duration was 15 Year, with 134 originations. The 2nd most popular length was 30 Year, with 114 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 309 $45,255,000 $146,456
    $1k-2k 19 $4,825,000 $253,947
    $2k-3k 4 $1,120,000 $280,000

    Standard Bank Pasb's average total fees were $3,643, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 309 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 242 $40,500,000 $167,355
    2.5-3% 112 $24,710,000 $220,625
    4-5% 45 $9,505,000 $211,222
    <2.5% 21 $4,505,000 $214,524

    During 2021, Standard Bank Pasb's average interest rate for loans was 3.01%, while their most frequently originated rate bucket for loans was 3-4%, with 242 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 175 $9,275,000 $53,000 $769 3.51%
    $100k-200k 123 $17,545,000 $142,642 $2,592 3.22%
    $200k-400k 82 $23,120,000 $281,951 $3,828 3.21%
    $400k-600k 18 $8,770,000 $487,222 $5,141 3.13%
    $600k-1MM 15 $11,575,000 $771,667 $6,799 3.64%
    $1MM+ 7 $8,935,000 $1,276,429 $7,145 3.90%

    2021 saw Standard Bank Pasb place emphasis on $100,000 or less loans with 175 originations, totaling $9,275,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 96 $8,290,000 $86,354 $1,705 3.30%
    $50k-75k 68 $7,850,000 $115,441 $1,746 3.26%
    $100k-150k 62 $11,770,000 $189,839 $2,498 3.17%
    $75k-100k 57 $8,145,000 $142,895 $2,104 3.16%
    $150k-250k 40 $13,100,000 $327,500 $3,236 3.15%
    $250k+ 18 $5,600,000 $311,111 $3,369 3.09%

    Standard Bank Pasb lent most frequently to those with incomes in the $50k or less range, with 96 originations. The second most popular income band? $50k-75k, with 68 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 73 $10,905,000 $149,384 $2,349 3.14%
    30-36% 52 $8,220,000 $158,077 $2,240 3.13%
    <20% 41 $5,255,000 $128,171 $2,075 3.11%
    48% 17 $2,015,000 $118,529 $2,075 3.28%
    47% 15 $1,925,000 $128,333 $1,736 3.25%
    36% 15 $1,985,000 $132,333 $1,356 3.30%
    40% 13 $2,885,000 $221,923 $2,537 3.15%
    46% 13 $2,195,000 $168,846 $2,197 3.22%
    45% 12 $1,570,000 $130,833 $1,771 3.34%
    41% 11 $1,425,000 $129,545 $1,882 3.43%
    37% 11 $1,725,000 $156,818 $1,432 3.27%
    43% 10 $1,430,000 $143,000 $2,341 3.35%
    39% 10 $2,560,000 $256,000 $3,569 2.91%
    42% 9 $1,305,000 $145,000 $2,695 3.06%
    49% 9 $1,105,000 $122,778 $1,747 3.11%
    38% 8 $2,800,000 $350,000 $3,646 3.21%
    44% 7 $655,000 $93,571 $1,794 3.23%
    50-60% 3 $785,000 $261,667 $2,231 3.00%

    Standard Bank Pasb lent most frequently to those with DTI ratios of 20-30%, with 73 originations. The next most common DTI ratio? 30-36%, with 52 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 300 $48,880,000 $162,933 $2,315 3.18%
    Not applicable 72 $23,380,000 $324,722 $0 4.05%
    Not provided 34 $3,120,000 $91,765 $1,247 3.42%
    Chinese 1 $1,615,000 $1,615,000 $0 3.80%
    Asian 2 $1,220,000 $610,000 $251 4.30%
    Black 10 $720,000 $72,000 $1,266 3.46%
    American Indian 1 $285,000 $285,000 $4,133 3.13%

    Approval Rates

    Total approvals of all applications
    96.53%

    Standard Bank Pasb has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    90.24%

    Standard Bank Pasb has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 420 $79,220,000 $188,619

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    420 $79,220,000 $188,619

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 58 $4,060,000 $70,000 $783 3.47%
    40-60% 51 $9,755,000 $191,275 $2,249 3.27%
    60-80% 151 $37,875,000 $250,828 $3,200 3.34%
    80-100% 94 $21,830,000 $232,234 $3,317 3.20%
    Over 100% 1 $215,000 $215,000 $0 3.80%
    Under 20% 64 $4,980,000 $77,813 $224 3.60%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Standard Mortgage Group LLC Conventional home mortgage Closing on a mortgage 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Standard Bank 100 Pittsburgh Street Scottdale, PA 15683 Full Service B&M $43,472
    Standard Bank 1275 National Highway Cumberland, MD 21502 Full Service B&M $76,058
    Standard Bank 200 North Mechanic Street Cumberland, MD 21502 Full Service B&M $7,784
    Standard Bank 2000 Mt Troy Road Pittsburgh, PA 15212 Full Service B&M $36,223
    Standard Bank 211 West Main St Ligonier, PA 15658 Full Service B&M $39,852
    Standard Bank 2640 Monroeville Boulevard Monroeville, PA 15146 Full Service Cyber Office $0
    Standard Bank 2640 Monroeville Boulevard Monroeville, PA 15146 Limited, Administrative $0
    Standard Bank 2640 Monroeville Boulevard Monroeville, PA 15146 Full Service B&M $135,723
    Standard Bank 3945 Center Street Hyndman, PA 15545 Full Service B&M $28,962
    Standard Bank 4 Parkway Ctr, Ste 100, 875 Greentre Pittsburgh, PA 15220 Full Service B&M $17,159
    Standard Bank 428 Forbes Avenue Pittsburgh, PA 15219 Full Service B&M $30,743
    Standard Bank 4785 Old William Penn Hwy Murrysville, PA 15668 Full Service B&M $65,715
    Standard Bank 5137 Butler Street Pittsburgh, PA 15201 Full Service B&M $108,134
    Standard Bank 5150 State Route 30, Eastgate Plaza Greensburg, PA 15601 Full Service B&M $20,852
    Standard Bank 659 W Main Street Mount Pleasant, PA 15666 Full Service B&M $90,746
    Standard Bank 7703 Mcknight Road Pittsburgh, PA 15237 Full Service B&M $19,420
    Standard Bank 900 Mount Royal Boulevard Pittsburgh, PA 15223 Full Service B&M $94,381
    Standard Bank Freeport Road And Center Avenue Blawnox, PA 15238 Full Service B&M $35,882

    For 2021, Standard Bank Pasb had 18 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $17,713
    Net interest income $16,822
    Total noninterest income $3,096
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $517
    Trading account gains and fees $0
    Additional Noninterest Income $2,579
    Pre-tax net operating income $6,810
    Securities gains (or losses, -) $-39
    Income before extraordinary items $6,699
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $6,699
    Minority interest net income $0
    Net income $6,699
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $6,737

    Standard Bank Pasb's gross interest income from loans was $17,713,000.
    Standard Bank Pasb's net interest income from loans was $16,822,000.
    Standard Bank Pasb's fee based income from loans was $517,000.
    Standard Bank Pasb's net income from loans was $6,699,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $891
    Provision for credit losses $317
    Total noninterest expense $12,791
    Salaries and employee benefits $7,528
    Premises and equipment expense $1,338
    Additional noninterest expense $3,925
    Applicable income taxes $72
    Net charge-offs $18
    Cash dividends $0

    Standard Bank Pasb's interest expense for loans was $891,000.
    Standard Bank Pasb's payroll and benefits expense were $7,528,000.
    Standard Bank Pasb's property, plant and equipment expenses $1,338,000.

    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 6.0%
    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 2.0%
    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 $810,650
    Deposits held in domestic offices $810,650
    Deposits by Individuals, partnerships, and corporations $769,526
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $41,123
    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 $340,020
    Demand deposits $220,926
    Nontransaction accounts $470,629
    Money market deposit accounts (MMDAs) $82,102
    Other savings deposits (excluding MMDAs) $196,126
    Total time deposits $192,401
    Total time and savings deposits $589,723
    Noninterest-bearing deposits $201,906
    Interest-bearing deposits $608,744
    Retail deposits $767,208
    IRAs and Keogh plan accounts $31,008
    Brokered deposits $482
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,036,194
    Cash & Balances due from depository institutions $131,715
    Interest-bearing balances $127,888
    Total securities $174,216
    Federal funds sold & reverse repurchase $0
    Net loans and leases $652,160
    Loan and leases loss allowance $299
    Trading account assets $0
    Bank premises and fixed assets $6,844
    Other real estate owned $312
    Goodwill and other intangibles $34,333
    All other assets $36,614

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,036,194
    Total Liabilities $875,326
    Total deposits $810,650
    Interest-bearing deposits $608,744
    Deposits held in domestic offices $810,650
    % insured (estimated) $81
    Federal funds purchased and repurchase agreements $3,271
    Trading liabilities $0
    Other borrowed funds $58,070
    Subordinated debt $0
    All other liabilities $3,335

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $652,160
    Loan and leases loss allowance $299
    Total loans and leases (domestic) $652,459
    All real estate loans $617,503
    Real estate loans in domestic offices $617,503
    Construction and development loans $22,381
    Residential 1-4 family construction $4,552
    Other construction, all land development and other land $17,829
    Loans secured by nonfarm nonresidential properties $168,940
    Nonfarm nonresidential secured by owner-occupied properties $48,059
    Commercial real estate & other non-farm, non-residential $120,881
    Multifamily residential real estate $50,503
    1-4 family residential loans $375,369
    Farmland loans $310
    Loans held in foreign offices $0
    Farm loans $8
    Commercial and industrial loans $29,684
    To non-U.S. addressees $0
    Loans to individuals $471
    Credit card loans $0
    Related Plans $146
    Consumer Auto Loans $0
    Other loans to individuals $325
    All other loans & leases $4,858
    Loans to foreign governments and official institutions $0
    Other loans $39
    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 $652,160,000 of loans outstanding in 2021. $617,503,000 of loans were in real estate loans. $22,381,000 of loans were in development loans. $50,503,000 of loans were in multifamily mortgage loans. $375,369,000 of loans were in 1-4 family mortgage loans. $8,000 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 388 $66,747 $172,028
    Nonfarm, nonresidential loans - <$100k 130 $4,199 $32,300
    Nonfarm, nonresidential loans - $100-250k 118 $12,279 $104,059
    Nonfarm, nonresidential loans - $250k-1MM 140 $50,269 $359,064
    Commercial & Industrial, US addressed loans - <$1MM 428 $17,128 $40,019
    Commercial & Industrial, US addressed loans - <$100k 329 $4,726 $14,365
    Commercial & Industrial, US addressed loans - $100-250k 46 $2,811 $61,109
    Commercial & Industrial, US addressed loans - $250k-1MM 53 $9,591 $180,962
    Farmland loans - <$1MM 3 $309 $103,000
    Farmland loans - <$100k 1 $89 $89,000
    Farmland loans - $250k-1MM 2 $220 $110,000
    Agriculture operations loans - <$1MM 1 $8 $8,000
    Agriculture operations loans - <$100k 1 $8 $8,000