Dime Community Bank Mortgage Rates, Fees & Info
New York, NYLEI: 549300RWP6SKF6EZZP82
Tax ID: 11-0685750
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Mortgage Data
Bank Data
Review & Overview
Dime Community Bank is a smaller bank specializing in Home Purchase and Refi loans. Dime Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: New York, Poughkeepsie, and Bridgeport among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)Dime Community 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.
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Originations
104Origination Dollar Volume (All Markets)
$266,470,000Employee count
417Top 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 |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 101 | $258,465,000 | $2,559,059 | $0 | 0.00% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 1 | $6,005,000 | $6,005,000 | $0 | 0.00% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 2 | $2,000,000 | $1,000,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 104 | $266,470,000 | $2,562,212 | $0 | 0.00% |
For 2018, Dime Community Bank's most frequently originated type of loan was Conventional, with 104 originations.
Loan Reason
For 2018, Dime Community Bank's most frequently cited loan purpose was Home Purchase, with 65 originations. The 2nd most popular reason was Refi, with 26 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 104 | $266,470,000 | $2,562,212 | $0 | 0.00% |
For 2018, Dime Community Bank's most frequently cited loan duration was Other, with 104 originations.
Loan Sizing
2018 saw Dime Community Bank place emphasis on $1MM+ loans with 62 originations, totaling $242,350,000 in origination value.
Applicant Income
Dime Community Bank lent most frequently to those with incomes in the $250k+ range, with 14 originations. The second most popular income band? $150k-250k, with 10 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 104 | $266,470,000 | $2,562,212 | $0 | 0.00% |
Dime Community Bank lent most frequently to those with DTI ratios of Exempt%, with 104 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.50%
Dime Community Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination87.50%
Dime Community Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 104 | $266,470,000 | $2,562,212 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 64 | $227,460,000 | $3,554,063 |
| Single Family (1-4 Units):Site-Built | 40 | $39,010,000 | $975,250 |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Dime Community Bank | 1 Huntington Quadrangle Melville, NY 11747 | Full Service B&M | $31,481 |
| Dime Community Bank | 1000 Port Washington Boulevard Port Washington, NY 11050 | Full Service B&M | $111,596 |
| Dime Community Bank | 149 Kent Avenue Brooklyn, NY 11249 | Full Service B&M | $985,194 |
| Dime Community Bank | 1545 86th Street Brooklyn, NY 11228 | Full Service B&M | $168,300 |
| Dime Community Bank | 1600 Avenue M Brooklyn, NY 11230 | Full Service B&M | $94,182 |
| Dime Community Bank | 175 West Merrick Road Valley Stream, NY 11580 | Full Service B&M | $108,048 |
| Dime Community Bank | 176-47 Union Turnpike Flushing, NY 11366 | Full Service B&M | $178,574 |
| Dime Community Bank | 1775 Merrick Avenue Merrick, NY 11566 | Full Service B&M | $259,729 |
| Dime Community Bank | 188 Montague Street Brooklyn, NY 11211 | Full Service B&M | $71,225 |
| Dime Community Bank | 1902 Kings Highway Brooklyn, NY 11229 | Full Service B&M | $170,899 |
| Dime Community Bank | 1931 Turnbull Avenue Bronx, NY 10473 | Full Service B&M | $74,986 |
| Dime Community Bank | 208 5th Avenue Brooklyn, NY 11215 | Full Service B&M | $18,284 |
| Dime Community Bank | 214 Bedford Avenue Brooklyn, NY 11249 | Full Service B&M | $6,875 |
| Dime Community Bank | 2172 Coyle Street Brooklyn, NY 11229 | Full Service B&M | $126,524 |
| Dime Community Bank | 2401 Jericho Turnpike New Hyde Park, NY 11040 | Full Service B&M | $167,772 |
| Dime Community Bank | 2412 Jerusalem Avenue Bellmore, NY 11710 | Full Service B&M | $216,986 |
| Dime Community Bank | 2444 Francis Lewis Boulevard Whitestone, NY 11357 | Full Service B&M | $223,093 |
| Dime Community Bank | 25315 Union Turnpike Glen Oaks, NY 11004 | Full Service B&M | $128,471 |
| Dime Community Bank | 281 Broadway Brooklyn, NY 11211 | Full Service B&M | $335,105 |
| Dime Community Bank | 432 Central Avenue Cedarhurst, NY 11516 | Full Service B&M | $123,867 |
| Dime Community Bank | 45-14 46th St Long Island City, NY 11104 | Full Service B&M | $115,153 |
| Dime Community Bank | 5003 13th Avenue Brooklyn, NY 11219 | Full Service B&M | $108,066 |
| Dime Community Bank | 59-23 Main St Flushing, NY 11355 | Full Service B&M | $115,756 |
| Dime Community Bank | 6138 Springfield Boulevard Bayside, NY 11364 | Full Service B&M | $161,316 |
| Dime Community Bank | 622 Old Country Road Westbury, NY 11590 | Full Service B&M | $146,698 |
| Dime Community Bank | 75-23 37th Avenue Jackson Heights, NY 11372 | Full Service B&M | $86,496 |
| Dime Community Bank | 7524 Third Avenue Brooklyn, NY 11209 | Full Service B&M | $59,822 |
| Dime Community Bank | 814 Manhattan Ave Brooklyn, NY 11222 | Full Service B&M | $70,274 |
| Dime Community Bank | 8520 4th Avenue Brooklyn, NY 11209 | Full Service B&M | $37,325 |
| Dime Community Bank | One Grand Central Plaza, 60 East 42nd Street, Suite 1563 New York, NY 10165 | Full Service B&M | $0 |
For 2018, Dime Community Bank had 30 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $221,542 |
| Net interest income | $151,480 |
| Total noninterest income | $8,205 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $1,076 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $7,129 |
| Pre-tax net operating income | $71,613 |
| Securities gains (or losses, -) | $1,370 |
| Income before extraordinary items | $55,534 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $55,534 |
| Minority interest net income | $0 |
| Net income | $55,534 |
| Sale, conversion, retirement of capital stock, net | $1,484 |
| Net operating income | $54,451 |
Dime Community Bank's gross interest income from loans was $221,542,000.
Dime Community Bank's net interest income from loans was $151,480,000.
Dime Community Bank's fee based income from loans was $1,076,000.
Dime Community Bank's net income from loans was $55,534,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $70,062 |
| Provision for credit losses | $2,244 |
| Total noninterest expense | $85,828 |
| Salaries and employee benefits | $47,044 |
| Premises and equipment expense | $15,134 |
| Additional noninterest expense | $23,650 |
| Applicable income taxes | $17,449 |
| Net charge-offs | $1,495 |
| Cash dividends | $8,013 |
Dime Community Bank's interest expense for loans was $70,062,000.
Dime Community Bank's payroll and benefits expense were $47,044,000.
Dime Community Bank's property, plant and equipment expenses $15,134,000.
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 | $4,461,081 |
| Deposits held in domestic offices | $4,461,081 |
| Deposits by Individuals, partnerships, and corporations | $4,409,272 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $46,093 |
| Deposits by Commercial banks and other depository institutions in U.S. | $5,716 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $206,280 |
| Demand deposits | $179,661 |
| Nontransaction accounts | $4,254,801 |
| Money market deposit accounts (MMDAs) | $2,098,599 |
| Other savings deposits (excluding MMDAs) | $746,165 |
| Total time deposits | $1,410,037 |
| Total time and savings deposits | $4,281,420 |
| Noninterest-bearing deposits | $494,616 |
| Interest-bearing deposits | $3,966,465 |
| Retail deposits | $3,932,411 |
| IRAs and Keogh plan accounts | $274,176 |
| Brokered deposits | $257,872 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $6,313,462 |
| Cash & Balances due from depository institutions | $145,827 |
| Interest-bearing balances | $127,884 |
| Total securities | $502,885 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $5,373,133 |
| Loan and leases loss allowance | $21,782 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $24,713 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $56,921 |
| All other assets | $209,983 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $6,313,462 |
| Total Liabilities | $5,623,939 |
| Total deposits | $4,461,081 |
| Interest-bearing deposits | $3,966,465 |
| Deposits held in domestic offices | $4,461,081 |
| % insured (estimated) | $79 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $1,125,350 |
| Subordinated debt | $0 |
| All other liabilities | $37,508 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $5,373,133 |
| Loan and leases loss allowance | $21,782 |
| Total loans and leases (domestic) | $5,394,915 |
| All real estate loans | $5,163,344 |
| Real estate loans in domestic offices | $5,163,344 |
| Construction and development loans | $29,402 |
| Residential 1-4 family construction | $0 |
| Other construction, all land development and other land | $29,402 |
| Loans secured by nonfarm nonresidential properties | $1,170,118 |
| Nonfarm nonresidential secured by owner-occupied properties | $216,446 |
| Commercial real estate & other non-farm, non-residential | $953,672 |
| Multifamily residential real estate | $3,866,962 |
| 1-4 family residential loans | $96,862 |
| Farmland loans | $0 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $230,601 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $970 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $0 |
| Other loans to individuals | $970 |
| 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 | $0 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $4,369 |
| Non 1-4 family restructured loans & leases | $4,355 |
| Total loans and leases (foreign) | $0 |
Dime Community Bank had $5,373,133,000 of loans outstanding in 2018. $5,163,344,000 of loans were in real estate loans. $29,402,000 of loans were in development loans. $3,866,962,000 of loans were in multifamily mortgage loans. $96,862,000 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 | 119 | $59,854 | $502,975 |
| Nonfarm, nonresidential loans - $100-250k | 12 | $1,423 | $118,583 |
| Nonfarm, nonresidential loans - $250k-1MM | 107 | $58,431 | $546,084 |
| Commercial & Industrial, US addressed loans - <$1MM | 120 | $23,926 | $199,383 |
| Commercial & Industrial, US addressed loans - <$100k | 73 | $3,077 | $42,151 |
| Commercial & Industrial, US addressed loans - $100-250k | 18 | $2,741 | $152,278 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 29 | $18,108 | $624,414 |