Pcsb Bank Mortgage Rates, Fees & Info

Brewster, NY

LEI: 549300TZDKJ07KL8T621

Tax ID: 14-0984880

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
  • 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

    Pcsb Bank is a smaller bank specializing in Home Purchase and Refi loans. Pcsb Bank has a high proportion of conventional loans. Their top markets by origination volume include: New York, Poughkeepsie, Bridgeport, and Kingston among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Pcsb 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. Pcsb Bank 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.

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    Originations

    141

    Origination Dollar Volume (All Markets)

    $41,895,000

    Employee count

    171

    Awards

    PCSB Bank 30 Year Conventional Loans gold PCSB Bank 30 Year Conventional Loans gold PCSB Bank 30 Year Conventional Loans bronze
    Show all (3) 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
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 110 $33,960,000 $308,727 $3,441 4.61%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 24 $5,270,000 $219,583 $2,919 4.60%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 6 $1,720,000 $286,667 $3,199 4.63%
    KINGSTON, NY (FHA|USDA|VA) 1 $945,000 $945,000 $5,383 4.25%
    Pcsb Bank's top markets include New York, Poughkeepsie, Bridgeport, and Kingston among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against PCSB Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    N C P D Federal Credit Union
    Similarity Rank: 55
    Bogota Savings Bank
    Similarity Rank: 63
    Union County Savings Bank
    Similarity Rank: 66
    GARDEN SAVINGS FEDERAL CREDIT UNION
    Similarity Rank: 80
    Freehold Savings Bank
    Similarity Rank: 120
    The Atlantic Federal Credit Union
    Similarity Rank: 120
    Blue Foundry Bank
    Similarity Rank: 125
    MID-HUDSON VALLEY
    Similarity Rank: 144
    Investors Home Mortgage-IHM
    Similarity Rank: 156
    GREATER ALLIANCE
    Similarity Rank: 231

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 89 $32,125,000 $360,955 $3,339 4.60%
    HELOC 52 $9,770,000 $187,885 n/a 4.62%

    For 2018, Pcsb Bank's most frequently originated type of loan was Conventional, with 89 originations. Their 2nd most popular type was HELOC, with 52 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 66 $21,990,000 $333,182 $3,349 4.57%
    Refi 29 $9,135,000 $315,000 $3,355 4.56%
    Home Improvement 25 $4,315,000 $172,600 $3,681 4.69%
    Other 14 $2,190,000 $156,429 $2,350 4.56%
    Cash Out Refi 7 $4,265,000 $609,286 $3,077 4.89%

    For 2018, Pcsb Bank's most frequently cited loan purpose was Home Purchase, with 66 originations. The 2nd most popular reason was Refi, with 29 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 63 $13,065,000 $207,381 $4,310 4.66%
    30 Year 55 $17,695,000 $321,727 $3,144 4.53%
    15 Year 14 $7,970,000 $569,286 $3,798 4.52%
    20 Year 5 $1,525,000 $305,000 $2,295 4.61%
    10 Year 3 $1,035,000 $345,000 $2,229 4.80%
    3 Year 1 $605,000 $605,000 $0 6.33%

    For 2018, Pcsb Bank's most frequently cited loan duration was Other, with 63 originations. The 2nd most popular length was 30 Year, with 55 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 63 $21,625,000 $343,254
    $1k-2k 7 $1,555,000 $222,143
    $2k-3k 2 $830,000 $415,000

    Pcsb Bank's average total fees were $3,144, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 63 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 116 $33,110,000 $285,431
    3-4% 16 $5,400,000 $337,500
    5-6% 8 $2,780,000 $347,500
    6-7% 1 $605,000 $605,000

    During 2018, Pcsb Bank's average interest rate for loans was 4.53%, while their most frequently originated rate bucket for loans was 4-5%, with 116 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 62 $17,390,000 $280,484 $3,015 4.56%
    $100k-200k 31 $4,535,000 $146,290 $3,234 4.71%
    $100,000 or less 21 $1,285,000 $61,190 $3,718 4.65%
    $400k-600k 16 $7,530,000 $470,625 $3,494 4.57%
    $600k-1MM 8 $5,980,000 $747,500 $4,849 4.56%
    $1MM+ 3 $5,175,000 $1,725,000 $5,679 4.50%

    2018 saw Pcsb Bank place emphasis on $200k-400k loans with 62 originations, totaling $17,390,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 38 $9,430,000 $248,158 $2,965 4.51%
    $250k+ 30 $13,500,000 $450,000 $4,187 4.62%
    $100k-150k 29 $7,015,000 $241,897 $3,033 4.60%
    $50k-75k 14 $2,000,000 $142,857 $3,264 4.70%
    $75k-100k 10 $1,940,000 $194,000 $3,342 4.56%
    $50k or less 2 $140,000 $70,000 $0 4.00%

    Pcsb Bank lent most frequently to those with incomes in the $150k-250k range, with 38 originations. The second most popular income band? $250k+, with 30 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 31 $8,275,000 $266,935 $3,361 4.56%
    30-36% 28 $6,520,000 $232,857 $3,458 4.54%
    41% 10 $3,330,000 $333,000 $3,660 4.71%
    <20% 9 $3,295,000 $366,111 $3,136 4.72%
    42% 9 $2,025,000 $225,000 $3,032 4.42%
    38% 8 $2,400,000 $300,000 $3,449 4.52%
    36% 6 $1,200,000 $200,000 $3,392 4.58%
    37% 5 $1,505,000 $301,000 $3,381 4.13%
    39% 4 $810,000 $202,500 $3,605 4.75%
    43% 3 $1,835,000 $611,667 $4,251 4.13%
    45% 3 $645,000 $215,000 $2,244 4.67%
    50-60% 2 $470,000 $235,000 $2,257 4.81%
    46% 1 $315,000 $315,000 $3,414 4.25%
    40% 1 $505,000 $505,000 $0 4.75%
    47% 1 $55,000 $55,000 $0 4.75%
    49% 1 $205,000 $205,000 $0 4.75%

    Pcsb Bank lent most frequently to those with DTI ratios of 20-30%, with 31 originations. The next most common DTI ratio? 30-36%, with 28 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 92 $24,500,000 $266,304 $3,366 4.56%
    Not provided 38 $10,450,000 $275,000 $3,212 4.63%
    Not applicable 9 $6,075,000 $675,000 $0 5.06%
    Korean 1 $785,000 $785,000 $5,142 4.00%
    Asian 1 $85,000 $85,000 $0 4.50%

    Approval Rates

    Total approvals of all applications
    88.17%

    Pcsb Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    76.60%

    Pcsb Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 141 $41,895,000 $297,128

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 7 $5,385,000 $769,286
    Single Family (1-4 Units):Site-Built 134 $36,510,000 $272,463

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 24 $5,610,000 $233,750 $2,945 4.53%
    40-60% 22 $9,680,000 $440,000 $3,414 4.60%
    60-80% 55 $19,175,000 $348,636 $3,490 4.57%
    80-100% 12 $3,870,000 $322,500 $3,259 4.71%
    Over 100% 1 $605,000 $605,000 $0 6.33%
    Under 20% 21 $1,745,000 $83,095 $0 4.63%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    PCSB Bank 12 South Bedford Road Mount Kisco, NY 10549 Full Service B&M $31,105
    PCSB Bank 144 Route 22 Pawling, NY 12564 Full Service B&M $57,856
    PCSB Bank 150 Route 6 Mahopac, NY 10541 Full Service B&M $131,427
    PCSB Bank 2477 Route 6 Brewster, NY 10509 Full Service B&M $350,765
    PCSB Bank 256 Route 52 Carmel, NY 10512 Full Service B&M $81,985
    PCSB Bank 2651 Strang Blvd. Yorktown Heights, NY 10598 Limited, Administrative $0
    PCSB Bank 29 Taylor Square East White Plains, NY 10604 Full Service B&M $39,588
    PCSB Bank 331 Downing Drive Yorktown Heights, NY 10598 Full Service B&M $79,226
    PCSB Bank 3649 Lee Road Jefferson Valley, NY 10535 Full Service B&M $132,769
    PCSB Bank 40 East First Street Mount Vernon, NY 10550 Full Service B&M $31,979
    PCSB Bank 441 Tarrytown Road White Plains, NY 10607 Full Service B&M $36,337
    PCSB Bank 478 White Plains Road Eastchester, NY 10709 Full Service B&M $28,543
    PCSB Bank 63 East Main Street Pawling, NY 12564 Full Service B&M $38,207
    PCSB Bank 76 Main Street New City, NY 10956 Full Service B&M $13,808
    PCSB Bank 804 Route 9 Fishkill, NY 12524 Full Service B&M $31,303
    PCSB Bank Heritage 202 Center Somers, NY 10589 Full Service B&M $154,561

    For 2018, Pcsb Bank had 16 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $50,920
    Net interest income $42,168
    Total noninterest income $2,704
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $770
    Trading account gains and fees $0
    Additional Noninterest Income $1,934
    Pre-tax net operating income $12,592
    Securities gains (or losses, -) $118
    Income before extraordinary items $9,573
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $9,573
    Minority interest net income $0
    Net income $9,573
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $9,479

    Pcsb Bank's gross interest income from loans was $50,920,000.
    Pcsb Bank's net interest income from loans was $42,168,000.
    Pcsb Bank's fee based income from loans was $770,000.
    Pcsb Bank's net income from loans was $9,573,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $8,752
    Provision for credit losses $144
    Total noninterest expense $32,136
    Salaries and employee benefits $19,500
    Premises and equipment expense $5,157
    Additional noninterest expense $7,479
    Applicable income taxes $3,137
    Net charge-offs $-328
    Cash dividends $0

    Pcsb Bank's interest expense for loans was $8,752,000.
    Pcsb Bank's payroll and benefits expense were $19,500,000.
    Pcsb Bank's property, plant and equipment expenses $5,157,000.

    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 1.0%
    HELOC loans 1.0%
    All other family 1.0%
    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 $1,301,590
    Deposits held in domestic offices $1,301,590
    Deposits by Individuals, partnerships, and corporations $1,270,048
    Deposits by U.S. Government $2
    Deposits by States and political subdivisions in the U.S. $31,541
    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 $352,208
    Demand deposits $162,813
    Nontransaction accounts $949,383
    Money market deposit accounts (MMDAs) $121,146
    Other savings deposits (excluding MMDAs) $406,466
    Total time deposits $421,773
    Total time and savings deposits $1,138,778
    Noninterest-bearing deposits $162,813
    Interest-bearing deposits $1,138,777
    Retail deposits $1,170,457
    IRAs and Keogh plan accounts $58,697
    Brokered deposits $67,500
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,554,749
    Cash & Balances due from depository institutions $139,905
    Interest-bearing balances $129,805
    Total securities $458,372
    Federal funds sold & reverse repurchase $1,550
    Net loans and leases $898,216
    Loan and leases loss allowance $4,943
    Trading account assets $343
    Bank premises and fixed assets $11,429
    Other real estate owned $572
    Goodwill and other intangibles $6,482
    All other assets $37,880

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,554,749
    Total Liabilities $1,349,007
    Total deposits $1,301,590
    Interest-bearing deposits $1,138,777
    Deposits held in domestic offices $1,301,590
    % insured (estimated) $79
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $343
    Other borrowed funds $38,873
    Subordinated debt $0
    All other liabilities $8,201

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $898,216
    Loan and leases loss allowance $4,943
    Total loans and leases (domestic) $903,159
    All real estate loans $850,498
    Real estate loans in domestic offices $850,498
    Construction and development loans $29,237
    Residential 1-4 family construction $10,895
    Other construction, all land development and other land $18,342
    Loans secured by nonfarm nonresidential properties $443,047
    Nonfarm nonresidential secured by owner-occupied properties $89,338
    Commercial real estate & other non-farm, non-residential $353,709
    Multifamily residential real estate $92,672
    1-4 family residential loans $285,542
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $49,015
    To non-U.S. addressees $0
    Loans to individuals $239
    Credit card loans $0
    Related Plans $13
    Consumer Auto Loans $71
    Other loans to individuals $155
    All other loans & leases $3,407
    Loans to foreign governments and official institutions $0
    Other loans $376
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $1,773
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $2,831
    Non 1-4 family restructured loans & leases $2,461
    Total loans and leases (foreign) $0

    PCSB Bank had $898,216,000 of loans outstanding in 2018. $850,498,000 of loans were in real estate loans. $29,237,000 of loans were in development loans. $92,672,000 of loans were in multifamily mortgage loans. $285,542,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $71,000 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 328 $104,864 $319,707
    Nonfarm, nonresidential loans - <$100k 17 $596 $35,059
    Nonfarm, nonresidential loans - $100-250k 72 $8,880 $123,333
    Nonfarm, nonresidential loans - $250k-1MM 239 $95,388 $399,113
    Commercial & Industrial, US addressed loans - <$1MM 425 $38,903 $91,536
    Commercial & Industrial, US addressed loans - <$100k 218 $6,927 $31,775
    Commercial & Industrial, US addressed loans - $100-250k 113 $9,169 $81,142
    Commercial & Industrial, US addressed loans - $250k-1MM 94 $22,807 $242,628