Dime Community Bank Mortgage Rates, Fees & Info

New York, NY

LEI: 549300RWP6SKF6EZZP82

Tax ID: 11-0685750

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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

    Dime Community Bank is a smaller bank specializing in Home Purchase loans. Dime Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: New York, Poughkeepsie, Kingston, New Haven, and Hartford among others. We have data for 5 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.

    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

    180

    Origination Dollar Volume (All Markets)

    $278,960,000

    Employee count

    452

    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
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 174 $277,710,000 $1,596,034 $0 0.00%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 2 $670,000 $335,000 $0 0.00%
    KINGSTON, NY (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 2 $210,000 $105,000 $0 0.00%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
    Dime Community Bank's top markets include New York, Poughkeepsie, Kingston, New Haven, and Hartford among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 180 $278,960,000 $1,549,778 $0 0.00%

    For 2019, Dime Community Bank's most frequently originated type of loan was Conventional, with 180 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 103 $210,445,000 $2,043,155 $0 0.00%
    Refi 40 $47,410,000 $1,185,250 $0 0.00%
    Cash Out Refi 28 $16,390,000 $585,357 $0 0.00%
    Other 6 $3,120,000 $520,000 $0 0.00%
    Home Improvement 3 $1,595,000 $531,667 $0 0.00%

    For 2019, Dime Community Bank's most frequently cited loan purpose was Home Purchase, with 103 originations. The 2nd most popular reason was Refi, with 40 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 180 $278,960,000 $1,549,778 $0 0.00%

    For 2019, Dime Community Bank's most frequently cited loan duration was Other, with 180 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 53 $223,315,000 $4,213,491 $0 0.00%
    $200k-400k 44 $13,800,000 $313,636 $0 0.00%
    $400k-600k 39 $18,795,000 $481,923 $0 0.00%
    $600k-1MM 26 $20,660,000 $794,615 $0 0.00%
    $100k-200k 13 $2,035,000 $156,538 $0 0.00%
    $100,000 or less 5 $355,000 $71,000 $0 0.00%

    2019 saw Dime Community Bank place emphasis on $1MM+ loans with 53 originations, totaling $223,315,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 36 $19,010,000 $528,056 $0 0.00%
    $250k+ 31 $26,335,000 $849,516 $0 0.00%
    $100k-150k 20 $9,900,000 $495,000 $0 0.00%
    $75k-100k 20 $5,460,000 $273,000 $0 0.00%
    $50k-75k 10 $1,660,000 $166,000 $0 0.00%
    $50k or less 2 $210,000 $105,000 $0 0.00%

    Dime Community Bank lent most frequently to those with incomes in the $150k-250k range, with 36 originations. The second most popular income band? $250k+, with 31 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 180 $278,960,000 $1,549,778 $0 0.00%

    Dime Community Bank lent most frequently to those with DTI ratios of Exempt%, with 180 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 59 $215,835,000 $3,658,220 $0 0.00%
    White 73 $45,715,000 $626,233 $0 0.00%
    Black 23 $8,635,000 $375,435 $0 0.00%
    Not provided 15 $4,565,000 $304,333 $0 0.00%
    Asian 10 $4,210,000 $421,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.02%

    Dime Community Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    77.78%

    Dime Community Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 180 $278,960,000 $1,549,778

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 46 $201,030,000 $4,370,217
    Single Family (1-4 Units):Site-Built 134 $77,930,000 $581,567

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Dime Community Bank 1 Huntington Quadrangle, Suite 1n06 Melville, NY 11747 Full Service B&M $35,066
    Dime Community Bank 1000 Port Washington Boulevard Port Washington, NY 11050 Full Service B&M $113,360
    Dime Community Bank 149 Kent Avenue Brooklyn, NY 11249 Full Service B&M $1,252,369
    Dime Community Bank 1545 86th Street Brooklyn, NY 11228 Full Service B&M $170,240
    Dime Community Bank 1600 Avenue M Brooklyn, NY 11230 Full Service B&M $99,777
    Dime Community Bank 175 West Merrick Road Valley Stream, NY 11580 Full Service B&M $105,393
    Dime Community Bank 176-47 Union Turnpike Flushing, NY 11366 Full Service B&M $174,227
    Dime Community Bank 1775 Merrick Avenue Merrick, NY 11566 Full Service B&M $276,181
    Dime Community Bank 188 Montague Street Brooklyn, NY 11211 Full Service B&M $74,633
    Dime Community Bank 1902 Kings Highway Brooklyn, NY 11229 Full Service B&M $172,366
    Dime Community Bank 1931 Turnbull Avenue Bronx, NY 10473 Full Service B&M $76,693
    Dime Community Bank 208 5th Avenue Brooklyn, NY 11215 Full Service B&M $24,083
    Dime Community Bank 214 Bedford Avenue Brooklyn, NY 11249 Full Service B&M $10,031
    Dime Community Bank 2172 Coyle Street Brooklyn, NY 11229 Full Service B&M $129,314
    Dime Community Bank 2401 Jericho Turnpike New Hyde Park, NY 11040 Full Service B&M $190,089
    Dime Community Bank 2412 Jerusalem Avenue Bellmore, NY 11710 Full Service B&M $215,467
    Dime Community Bank 2444 Francis Lewis Boulevard Whitestone, NY 11357 Full Service B&M $232,465
    Dime Community Bank 25315 Union Turnpike Glen Oaks, NY 11004 Full Service B&M $129,489
    Dime Community Bank 281 Broadway Brooklyn, NY 11211 Full Service B&M $84,745
    Dime Community Bank 432 Central Avenue Cedarhurst, NY 11516 Full Service B&M $139,186
    Dime Community Bank 45-14 46th St Long Island City, NY 11104 Full Service B&M $114,932
    Dime Community Bank 5003 13th Avenue Brooklyn, NY 11219 Full Service B&M $82,370
    Dime Community Bank 59-23 Main St Flushing, NY 11355 Full Service B&M $104,848
    Dime Community Bank 6138 Springfield Boulevard Bayside, NY 11364 Full Service B&M $155,561
    Dime Community Bank 622 Old Country Road Westbury, NY 11590 Full Service B&M $150,625
    Dime Community Bank 75-23 37th Avenue Jackson Heights, NY 11372 Full Service B&M $86,539
    Dime Community Bank 7524 Third Avenue Brooklyn, NY 11209 Full Service B&M $55,222
    Dime Community Bank 814 Manhattan Ave Brooklyn, NY 11222 Full Service B&M $74,834
    Dime Community Bank 8520 4th Avenue Brooklyn, NY 11209 Full Service B&M $37,453

    For 2019, Dime Community Bank had 29 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $238,093
    Net interest income $152,568
    Total noninterest income $11,372
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,690
    Trading account gains and fees $0
    Additional Noninterest Income $9,682
    Pre-tax net operating income $52,450
    Securities gains (or losses, -) $31
    Income before extraordinary items $40,020
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $40,020
    Minority interest net income $0
    Net income $40,020
    Sale, conversion, retirement of capital stock, net $1,830
    Net operating income $39,995

    Dime Community Bank's gross interest income from loans was $238,093,000.
    Dime Community Bank's net interest income from loans was $152,568,000.
    Dime Community Bank's fee based income from loans was $1,690,000.
    Dime Community Bank's net income from loans was $40,020,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $85,525
    Provision for credit losses $17,340
    Total noninterest expense $94,150
    Salaries and employee benefits $52,626
    Premises and equipment expense $16,063
    Additional noninterest expense $25,461
    Applicable income taxes $12,461
    Net charge-offs $10,681
    Cash dividends $52,512

    Dime Community Bank's interest expense for loans was $85,525,000.
    Dime Community Bank's payroll and benefits expense were $52,626,000.
    Dime Community Bank's property, plant and equipment expenses $16,063,000.

    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 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 $4,383,758
    Deposits held in domestic offices $4,383,758
    Deposits by Individuals, partnerships, and corporations $4,301,533
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $76,693
    Deposits by Commercial banks and other depository institutions in U.S. $5,532
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $292,023
    Demand deposits $264,586
    Nontransaction accounts $4,091,735
    Money market deposit accounts (MMDAs) $1,705,451
    Other savings deposits (excluding MMDAs) $813,414
    Total time deposits $1,572,870
    Total time and savings deposits $4,119,172
    Noninterest-bearing deposits $574,851
    Interest-bearing deposits $3,808,907
    Retail deposits $3,610,560
    IRAs and Keogh plan accounts $256,007
    Brokered deposits $458,679
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $6,348,471
    Cash & Balances due from depository institutions $155,843
    Interest-bearing balances $143,485
    Total securities $550,995
    Federal funds sold & reverse repurchase $0
    Net loans and leases $5,312,597
    Loan and leases loss allowance $28,441
    Trading account assets $0
    Bank premises and fixed assets $60,064
    Other real estate owned $0
    Goodwill and other intangibles $57,098
    All other assets $211,874

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $6,348,471
    Total Liabilities $5,669,050
    Total deposits $4,383,758
    Interest-bearing deposits $3,808,907
    Deposits held in domestic offices $4,383,758
    % insured (estimated) $74
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $1,202,250
    Subordinated debt $0
    All other liabilities $83,042

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $5,312,597
    Loan and leases loss allowance $28,441
    Total loans and leases (domestic) $5,341,038
    All real estate loans $5,003,145
    Real estate loans in domestic offices $5,003,145
    Construction and development loans $118,365
    Residential 1-4 family construction $0
    Other construction, all land development and other land $118,365
    Loans secured by nonfarm nonresidential properties $1,350,238
    Nonfarm nonresidential secured by owner-occupied properties $266,432
    Commercial real estate & other non-farm, non-residential $1,083,806
    Multifamily residential real estate $3,385,611
    1-4 family residential loans $148,931
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $336,412
    To non-U.S. addressees $0
    Loans to individuals $1,481
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $0
    Other loans to individuals $1,481
    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 $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Dime Community Bank had $5,312,597,000 of loans outstanding in 2019. $5,003,145,000 of loans were in real estate loans. $118,365,000 of loans were in development loans. $3,385,611,000 of loans were in multifamily mortgage loans. $148,931,000 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 62 $33,803 $545,210
    Nonfarm, nonresidential loans - $100-250k 4 $291 $72,750
    Nonfarm, nonresidential loans - $250k-1MM 58 $33,512 $577,793
    Commercial & Industrial, US addressed loans - <$1MM 143 $28,100 $196,503
    Commercial & Industrial, US addressed loans - <$100k 76 $3,953 $52,013
    Commercial & Industrial, US addressed loans - $100-250k 31 $4,780 $154,194
    Commercial & Industrial, US addressed loans - $250k-1MM 36 $19,367 $537,972