Dime Community Bank Mortgage Rates, Fees & Info

New York, NY

LEI: 549300RWP6SKF6EZZP82

Tax ID: 11-0685750

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
  • 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 Refi and Home Purchase loans. Dime Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: New York, Bridgeport, Poughkeepsie, Philadelphia, and Atlantic City 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 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

    241

    Origination Dollar Volume (All Markets)

    $265,215,000

    Employee count

    409

    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) 231 $259,135,000 $1,121,797 $0 0.00%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 6 $4,750,000 $791,667 $0 0.00%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 2 $1,040,000 $520,000 $0 0.00%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
    Dime Community Bank's top markets include New York, Bridgeport, Poughkeepsie, Philadelphia, and Atlantic City 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 241 $265,215,000 $1,100,477 $0 0.00%

    For 2020, Dime Community Bank's most frequently originated type of loan was Conventional, with 241 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 99 $89,595,000 $905,000 $0 0.00%
    Home Purchase 78 $141,470,000 $1,813,718 $0 0.00%
    Cash Out Refi 57 $30,355,000 $532,544 $0 0.00%
    Other 7 $3,795,000 $542,143 $0 0.00%

    For 2020, Dime Community Bank's most frequently cited loan purpose was Refi, with 99 originations. The 2nd most popular reason was Home Purchase, with 78 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 241 $265,215,000 $1,100,477 $0 0.00%

    For 2020, Dime Community Bank's most frequently cited loan duration was Other, with 241 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 58 $28,440,000 $490,345 $0 0.00%
    $1MM+ 57 $180,275,000 $3,162,719 $0 0.00%
    $200k-400k 57 $17,485,000 $306,754 $0 0.00%
    $600k-1MM 48 $36,070,000 $751,458 $0 0.00%
    $100k-200k 19 $2,845,000 $149,737 $0 0.00%
    $100,000 or less 2 $100,000 $50,000 $0 0.00%

    2020 saw Dime Community Bank place emphasis on $400k-600k loans with 58 originations, totaling $28,440,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 57 $45,585,000 $799,737 $0 0.00%
    $100k-150k 42 $16,870,000 $401,667 $0 0.00%
    $150k-250k 41 $19,805,000 $483,049 $0 0.00%
    $75k-100k 27 $9,915,000 $367,222 $0 0.00%
    $50k-75k 14 $2,880,000 $205,714 $0 0.00%
    $50k or less 3 $515,000 $171,667 $0 0.00%

    Dime Community Bank lent most frequently to those with incomes in the $250k+ range, with 57 originations. The second most popular income band? $100k-150k, with 42 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 241 $265,215,000 $1,100,477 $0 0.00%

    Dime Community Bank lent most frequently to those with DTI ratios of Exempt%, with 241 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 54 $165,080,000 $3,057,037 $0 0.00%
    White 100 $61,970,000 $619,700 $0 0.00%
    Black 48 $19,940,000 $415,417 $0 0.00%
    Not provided 25 $12,135,000 $485,400 $0 0.00%
    Asian 11 $5,265,000 $478,636 $0 0.00%
    Asian Indian 2 $600,000 $300,000 $0 0.00%
    Chinese 1 $225,000 $225,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    84.96%

    Dime Community Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    71.37%

    Dime Community Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 241 $265,215,000 $1,100,477

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 44 $153,250,000 $3,482,955
    Single Family (1-4 Units):Site-Built 197 $111,965,000 $568,350

    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 $33,613
    Dime Community Bank 1000 Port Washington Boulevard Port Washington, NY 11050 Full Service B&M $86,273
    Dime Community Bank 149 Kent Avenue Brooklyn, NY 11249 Full Service B&M $1,557,640
    Dime Community Bank 1545 86th Street Brooklyn, NY 11228 Full Service B&M $168,073
    Dime Community Bank 1600 Avenue M Brooklyn, NY 11230 Full Service B&M $91,694
    Dime Community Bank 175 West Merrick Road Valley Stream, NY 11580 Full Service B&M $94,202
    Dime Community Bank 176-47 Union Turnpike Flushing, NY 11366 Full Service B&M $169,508
    Dime Community Bank 1775 Merrick Avenue Merrick, NY 11566 Full Service B&M $256,022
    Dime Community Bank 188 Montague Street Brooklyn, NY 11211 Full Service B&M $73,586
    Dime Community Bank 1902 Kings Highway Brooklyn, NY 11229 Full Service B&M $145,833
    Dime Community Bank 1931 Turnbull Avenue Bronx, NY 10473 Full Service B&M $76,733
    Dime Community Bank 208 5th Avenue Brooklyn, NY 11215 Full Service B&M $30,074
    Dime Community Bank 214 Bedford Avenue Brooklyn, NY 11249 Full Service B&M $14,085
    Dime Community Bank 2172 Coyle Street Brooklyn, NY 11229 Full Service B&M $116,456
    Dime Community Bank 2401 Jericho Turnpike New Hyde Park, NY 11040 Full Service B&M $172,464
    Dime Community Bank 2412 Jerusalem Avenue Bellmore, NY 11710 Full Service B&M $190,831
    Dime Community Bank 2444 Francis Lewis Boulevard Whitestone, NY 11357 Full Service B&M $228,593
    Dime Community Bank 25315 Union Turnpike Glen Oaks, NY 11004 Full Service B&M $124,240
    Dime Community Bank 281 Broadway Brooklyn, NY 11211 Full Service B&M $89,479
    Dime Community Bank 432 Central Avenue Cedarhurst, NY 11516 Full Service B&M $125,136
    Dime Community Bank 45-14 46th St Long Island City, NY 11104 Full Service B&M $108,232
    Dime Community Bank 5003 13th Avenue Brooklyn, NY 11219 Full Service B&M $81,480
    Dime Community Bank 59-23 Main St Flushing, NY 11355 Full Service B&M $101,708
    Dime Community Bank 6138 Springfield Boulevard Bayside, NY 11364 Full Service B&M $144,054
    Dime Community Bank 622 Old Country Road Westbury, NY 11590 Full Service B&M $127,052
    Dime Community Bank 75-23 37th Avenue Jackson Heights, NY 11372 Full Service B&M $87,841
    Dime Community Bank 814 Manhattan Ave Brooklyn, NY 11222 Full Service B&M $70,961
    Dime Community Bank 8520 4th Avenue Brooklyn, NY 11209 Full Service B&M $72,728

    For 2020, Dime Community Bank had 28 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $233,833
    Net interest income $182,852
    Total noninterest income $22,642
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,634
    Trading account gains and fees $0
    Additional Noninterest Income $21,008
    Pre-tax net operating income $62,948
    Securities gains (or losses, -) $-2,004
    Income before extraordinary items $46,462
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $46,462
    Minority interest net income $0
    Net income $46,462
    Sale, conversion, retirement of capital stock, net $7,220
    Net operating income $48,045

    Dime Community Bank's gross interest income from loans was $233,833,000.
    Dime Community Bank's net interest income from loans was $182,852,000.
    Dime Community Bank's fee based income from loans was $1,634,000.
    Dime Community Bank's net income from loans was $46,462,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $50,981
    Provision for credit losses $26,165
    Total noninterest expense $116,381
    Salaries and employee benefits $75,783
    Premises and equipment expense $16,032
    Additional noninterest expense $24,566
    Applicable income taxes $14,482
    Net charge-offs $13,144
    Cash dividends $30,012

    Dime Community Bank's interest expense for loans was $50,981,000.
    Dime Community Bank's payroll and benefits expense were $75,783,000.
    Dime Community Bank's property, plant and equipment expenses $16,032,000.

    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 1.0%
    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 $4,641,144
    Deposits held in domestic offices $4,641,144
    Deposits by Individuals, partnerships, and corporations $4,160,407
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $474,032
    Deposits by Commercial banks and other depository institutions in U.S. $6,705
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $568,538
    Demand deposits $530,332
    Nontransaction accounts $4,072,606
    Money market deposit accounts (MMDAs) $1,716,625
    Other savings deposits (excluding MMDAs) $1,033,343
    Total time deposits $1,322,638
    Total time and savings deposits $4,110,812
    Noninterest-bearing deposits $888,528
    Interest-bearing deposits $3,752,616
    Retail deposits $4,045,076
    IRAs and Keogh plan accounts $245,698
    Brokered deposits $343,040
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $6,775,780
    Cash & Balances due from depository institutions $243,603
    Interest-bearing balances $227,430
    Total securities $538,861
    Federal funds sold & reverse repurchase $0
    Net loans and leases $5,586,486
    Loan and leases loss allowance $41,462
    Trading account assets $0
    Bank premises and fixed assets $52,951
    Other real estate owned $0
    Goodwill and other intangibles $57,348
    All other assets $296,531

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $6,775,780
    Total Liabilities $6,072,673
    Total deposits $4,641,144
    Interest-bearing deposits $3,752,616
    Deposits held in domestic offices $4,641,144
    % insured (estimated) $65
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $1,324,010
    Subordinated debt $0
    All other liabilities $107,519

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $5,586,486
    Loan and leases loss allowance $41,462
    Total loans and leases (domestic) $5,627,948
    All real estate loans $4,985,279
    Real estate loans in domestic offices $4,985,279
    Construction and development loans $156,301
    Residential 1-4 family construction $0
    Other construction, all land development and other land $156,301
    Loans secured by nonfarm nonresidential properties $1,878,517
    Nonfarm nonresidential secured by owner-occupied properties $317,374
    Commercial real estate & other non-farm, non-residential $1,561,143
    Multifamily residential real estate $2,759,561
    1-4 family residential loans $190,900
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $641,533
    To non-U.S. addressees $0
    Loans to individuals $1,136
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $0
    Other loans to individuals $1,136
    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 $5,586,486,000 of loans outstanding in 2020. $4,985,279,000 of loans were in real estate loans. $156,301,000 of loans were in development loans. $2,759,561,000 of loans were in multifamily mortgage loans. $190,900,000 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 69 $41,644 $603,536
    Nonfarm, nonresidential loans - $100-250k 4 $474 $118,500
    Nonfarm, nonresidential loans - $250k-1MM 65 $41,170 $633,385
    Commercial & Industrial, US addressed loans - <$1MM 2,560 $226,429 $88,449
    Commercial & Industrial, US addressed loans - <$100k 1,998 $64,056 $32,060
    Commercial & Industrial, US addressed loans - $100-250k 350 $54,182 $154,806
    Commercial & Industrial, US addressed loans - $250k-1MM 212 $108,191 $510,335