Salisbury Bank And Trust Company Mortgage Rates, Fees & Info

Lakeville, CT

LEI: 549300PE7I3IWSUX2B53

Tax ID: 06-0521260

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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

    Salisbury Bank And Trust Company is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Salisbury Bank And Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Torrington, Kingston, Pittsfield, Poughkeepsie, and Hudson among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Salisbury Bank And Trust Company 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.

    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.

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    Originations

    215

    Origination Dollar Volume (All Markets)

    $96,125,000

    Employee count

    176

    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
    Torrington, CT (FHA|USDA|VA) 71 $28,435,000 $400,493 $0 0.00%
    KINGSTON, NY (FHA|USDA|VA) 10 $18,800,000 $1,880,000 $0 0.00%
    PITTSFIELD, MA (FHA|USDA|VA) 49 $16,815,000 $343,163 $0 0.00%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 54 $14,330,000 $265,370 $0 0.00%
    Hudson, NY (FHA|USDA|VA) 19 $10,475,000 $551,316 $0 0.00%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 6 $5,590,000 $931,667 $0 0.00%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 3 $615,000 $205,000 $0 0.00%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $435,000 $435,000 $0 0.00%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $355,000 $355,000 $0 0.00%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $275,000 $275,000 $0 0.00%
    Salisbury Bank And Trust Company's top markets include Torrington, Kingston, Pittsfield, Poughkeepsie, and Hudson among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 215 $96,125,000 $447,093 $0 0.00%

    For 2018, Salisbury Bank And Trust Company's most frequently originated type of loan was Conventional, with 215 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 114 $50,690,000 $444,649 $0 0.00%
    Cash Out Refi 58 $33,120,000 $571,034 $0 0.00%
    Refi 19 $4,065,000 $213,947 $0 0.00%
    Other 17 $5,825,000 $342,647 $0 0.00%
    Home Improvement 7 $2,425,000 $346,429 $0 0.00%

    For 2018, Salisbury Bank And Trust Company's most frequently cited loan purpose was Home Purchase, with 114 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 215 $96,125,000 $447,093 $0 0.00%

    For 2018, Salisbury Bank And Trust Company's most frequently cited loan duration was Other, with 215 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 80 $23,020,000 $287,750 $0 0.00%
    $100k-200k 54 $7,990,000 $147,963 $0 0.00%
    $400k-600k 32 $14,770,000 $461,563 $0 0.00%
    $600k-1MM 18 $13,800,000 $766,667 $0 0.00%
    $1MM+ 16 $35,580,000 $2,223,750 $0 0.00%
    $100,000 or less 15 $965,000 $64,333 $0 0.00%

    2018 saw Salisbury Bank And Trust Company place emphasis on $200k-400k loans with 80 originations, totaling $23,020,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 55 $38,955,000 $708,273 $0 0.00%
    $150k-250k 33 $12,395,000 $375,606 $0 0.00%
    $100k-150k 32 $8,720,000 $272,500 $0 0.00%
    $75k-100k 30 $6,670,000 $222,333 $0 0.00%
    $50k-75k 26 $4,300,000 $165,385 $0 0.00%
    $50k or less 10 $1,530,000 $153,000 $0 0.00%

    Salisbury Bank And Trust Company lent most frequently to those with incomes in the $250k+ range, with 55 originations. The second most popular income band? $150k-250k, with 33 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 215 $96,125,000 $447,093 $0 0.00%

    Salisbury Bank And Trust Company lent most frequently to those with DTI ratios of Exempt%, with 215 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 146 $57,370,000 $392,945 $0 0.00%
    Not applicable 28 $23,510,000 $839,643 $0 0.00%
    Not provided 39 $14,205,000 $364,231 $0 0.00%
    Black 2 $1,040,000 $520,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    87.74%

    Salisbury Bank And Trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    77.21%

    Salisbury Bank And Trust Company has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 215 $96,125,000 $447,093

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 14 $20,150,000 $1,439,286
    Single Family (1-4 Units):Site-Built 201 $75,975,000 $377,985

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Salisbury Bank and Trust Company 100 Main Street Canaan, CT 6018 Full Service B&M $74,379
    Salisbury Bank and Trust Company 11 Garden Street Poughkeepsie, NY 12601 Full Service B&M $91,374
    Salisbury Bank and Trust Company 18 Main Street Salisbury, CT 6068 Full Service B&M $45,379
    Salisbury Bank and Trust Company 2064 New Hackensack Road Poughkeepsie, NY 12603 Full Service B&M $11,313
    Salisbury Bank and Trust Company 210 Main Street Great Barrington, MA 1230 Full Service B&M $18,717
    Salisbury Bank and Trust Company 275 Main St. New Paltz, NY 12561 Full Service B&M $31,625
    Salisbury Bank and Trust Company 5 Bissell St Lakeville, CT 6039 Full Service B&M $218,990
    Salisbury Bank and Trust Company 5 Dover Village Plaza Dover Plains, NY 12522 Full Service B&M $46,173
    Salisbury Bank and Trust Company 5 Gay Street Sharon, CT 6069 Full Service B&M $83,597
    Salisbury Bank and Trust Company 51 Main Street South Egremont, MA 1258 Full Service B&M $19,485
    Salisbury Bank and Trust Company 640 North Main Street Sheffield, MA 1257 Full Service B&M $36,741
    Salisbury Bank and Trust Company 701 Route 9 Fishkill, NY 12524 Full Service B&M $66,054
    Salisbury Bank and Trust Company 801 Auto Park Pl Newburgh, NY 12550 Full Service B&M $85,569
    Salisbury Bank and Trust Company 87 Main Street Millerton, NY 12546 Full Service B&M $70,372

    For 2018, Salisbury Bank And Trust Company had 14 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $40,372
    Net interest income $33,765
    Total noninterest income $8,262
    Gross Fiduciary activities income $3,700
    Service charges on deposit accounts $1,498
    Trading account gains and fees $0
    Additional Noninterest Income $3,064
    Pre-tax net operating income $11,282
    Securities gains (or losses, -) $300
    Income before extraordinary items $9,617
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $9,617
    Minority interest net income $0
    Net income $9,617
    Sale, conversion, retirement of capital stock, net $446
    Net operating income $9,368

    Salisbury Bank And Trust Company's gross interest income from loans was $40,372,000.
    Salisbury Bank And Trust Company's net interest income from loans was $33,765,000.
    Salisbury Bank And Trust Company's fee based income from loans was $1,498,000.
    Salisbury Bank And Trust Company's net income from loans was $9,617,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $6,607
    Provision for credit losses $1,728
    Total noninterest expense $29,017
    Salaries and employee benefits $16,073
    Premises and equipment expense $3,509
    Additional noninterest expense $9,435
    Applicable income taxes $1,965
    Net charge-offs $673
    Cash dividends $3,529

    Salisbury Bank And Trust Company's interest expense for loans was $6,607,000.
    Salisbury Bank And Trust Company's payroll and benefits expense were $16,073,000.
    Salisbury Bank And Trust Company's property, plant and equipment expenses $3,509,000.

    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 1.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 2.0%
    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 $928,845
    Deposits held in domestic offices $928,845
    Deposits by Individuals, partnerships, and corporations $820,334
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $93,975
    Deposits by Commercial banks and other depository institutions in U.S. $14,536
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $77,888
    Demand deposits $42,609
    Nontransaction accounts $850,957
    Money market deposit accounts (MMDAs) $270,681
    Other savings deposits (excluding MMDAs) $418,597
    Total time deposits $161,678
    Total time and savings deposits $886,236
    Noninterest-bearing deposits $228,448
    Interest-bearing deposits $700,397
    Retail deposits $893,097
    IRAs and Keogh plan accounts $30,118
    Brokered deposits $39,437
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,121,418
    Cash & Balances due from depository institutions $58,445
    Interest-bearing balances $51,207
    Total securities $92,654
    Federal funds sold & reverse repurchase $0
    Net loans and leases $909,279
    Loan and leases loss allowance $7,831
    Trading account assets $0
    Bank premises and fixed assets $17,567
    Other real estate owned $1,810
    Goodwill and other intangibles $14,951
    All other assets $26,712

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,121,418
    Total Liabilities $1,010,893
    Total deposits $928,845
    Interest-bearing deposits $700,397
    Deposits held in domestic offices $928,845
    % insured (estimated) $71
    Federal funds purchased and repurchase agreements $4,104
    Trading liabilities $0
    Other borrowed funds $70,515
    Subordinated debt $0
    All other liabilities $7,429

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $909,279
    Loan and leases loss allowance $7,831
    Total loans and leases (domestic) $917,110
    All real estate loans $734,707
    Real estate loans in domestic offices $734,707
    Construction and development loans $29,260
    Residential 1-4 family construction $12,090
    Other construction, all land development and other land $17,170
    Loans secured by nonfarm nonresidential properties $283,355
    Nonfarm nonresidential secured by owner-occupied properties $181,759
    Commercial real estate & other non-farm, non-residential $101,596
    Multifamily residential real estate $36,413
    1-4 family residential loans $381,460
    Farmland loans $4,219
    Loans held in foreign offices $0
    Farm loans $828
    Commercial and industrial loans $157,600
    To non-U.S. addressees $0
    Loans to individuals $4,416
    Credit card loans $0
    Related Plans $191
    Consumer Auto Loans $1,133
    Other loans to individuals $3,092
    All other loans & leases $19,559
    Loans to foreign governments and official institutions $0
    Other loans $97
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $9,134
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $2,766
    Non 1-4 family restructured loans & leases $1,527
    Total loans and leases (foreign) $0

    Salisbury Bank and Trust Company had $909,279,000 of loans outstanding in 2018. $734,707,000 of loans were in real estate loans. $29,260,000 of loans were in development loans. $36,413,000 of loans were in multifamily mortgage loans. $381,460,000 of loans were in 1-4 family mortgage loans. $828,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,133,000 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 452 $112,042 $247,881
    Nonfarm, nonresidential loans - <$100k 48 $1,482 $30,875
    Nonfarm, nonresidential loans - $100-250k 113 $13,570 $120,088
    Nonfarm, nonresidential loans - $250k-1MM 291 $96,990 $333,299
    Commercial & Industrial, US addressed loans - <$1MM 1,162 $82,872 $71,318
    Commercial & Industrial, US addressed loans - <$100k 769 $12,379 $16,098
    Commercial & Industrial, US addressed loans - $100-250k 204 $18,989 $93,083
    Commercial & Industrial, US addressed loans - $250k-1MM 189 $51,504 $272,508
    Farmland loans - <$1MM 9 $2,524 $280,444
    Farmland loans - <$100k 1 $12 $12,000
    Farmland loans - $100-250k 2 $445 $222,500
    Farmland loans - $250k-1MM 6 $2,067 $344,500
    Agriculture operations loans - <$1MM 25 $759 $30,360
    Agriculture operations loans - <$100k 22 $90 $4,091
    Agriculture operations loans - $100-250k 1 $34 $34,000
    Agriculture operations loans - $250k-1MM 2 $635 $317,500