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

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 New Haven 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.

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.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

Originations

161

Origination Dollar Volume (All Markets)

$75,835,000

Employee count

174

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)	130	$66,130,000	$508,692	$0	0.00%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA\|USDA\|VA)	21	$5,705,000	$271,667	$0	0.00%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA\|USDA\|VA)	9	$3,655,000	$406,111	$0	0.00%
NEW HAVEN-MILFORD, CT (FHA\|USDA\|VA)	1	$345,000	$345,000	$0	0.00%

Pcsb Bank's top markets include New York, Poughkeepsie, Bridgeport, and New Haven among others.

Their top states include:

New York (FHA|USDA|VA)

Connecticut (FHA|USDA|VA)

Pennsylvania (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: 56

Schuyler Savings Bank
Similarity Rank: 104

MID-HUDSON VALLEY
Similarity Rank: 114

Union County Savings Bank
Similarity Rank: 150

GARDEN SAVINGS FEDERAL CREDIT UNION
Similarity Rank: 192

TEG Federal Credit Union
Similarity Rank: 210

Blue Foundry Bank
Similarity Rank: 212

CCFCU FUNDING, LLC
Similarity Rank: 216

Bogota Savings Bank
Similarity Rank: 246

MOUNTAIN MORTGAGE CORP.
Similarity Rank: 266

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	161	$75,835,000	$471,025	$0	0.00%

For 2019, Pcsb Bank's most frequently originated type of loan was Conventional, with 161 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	60	$28,710,000	$478,500	$0	0.00%
Refi	54	$35,350,000	$654,630	$0	0.00%
Home Improvement	18	$1,950,000	$108,333	$0	0.00%
Other	15	$3,995,000	$266,333	$0	0.00%
Cash Out Refi	14	$5,830,000	$416,429	$0	0.00%

For 2019, Pcsb Bank's most frequently cited loan purpose was Home Purchase, with 60 originations. The 2nd most popular reason was Refi, with 54 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	161	$75,835,000	$471,025	$0	0.00%

For 2019, Pcsb Bank's most frequently cited loan duration was Other, with 161 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$200k-400k	51	$14,565,000	$285,588	$0	0.00%
$100k-200k	36	$5,240,000	$145,556	$0	0.00%
$400k-600k	25	$11,585,000	$463,400	$0	0.00%
$100,000 or less	21	$1,325,000	$63,095	$0	0.00%
$1MM+	14	$33,120,000	$2,365,714	$0	0.00%
$600k-1MM	14	$10,000,000	$714,286	$0	0.00%

2019 saw Pcsb Bank place emphasis on $200k-400k loans with 51 originations, totaling $14,565,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$250k+	44	$20,090,000	$456,591	$0	0.00%
$100k-150k	28	$7,050,000	$251,786	$0	0.00%
$150k-250k	28	$7,860,000	$280,714	$0	0.00%
$50k-75k	21	$3,855,000	$183,571	$0	0.00%
$75k-100k	10	$1,750,000	$175,000	$0	0.00%
$50k or less	1	$155,000	$155,000	$0	0.00%

Pcsb Bank lent most frequently to those with incomes in the $250k+ range, with 44 originations. The second most popular income band? $100k-150k, with 28 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	161	$75,835,000	$471,025	$0	0.00%

Pcsb Bank lent most frequently to those with DTI ratios of Exempt%, with 161 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
Not applicable	18	$32,130,000	$1,785,000	$0	0.00%
White	96	$26,060,000	$271,458	$0	0.00%
Not provided	39	$15,695,000	$402,436	$0	0.00%
Asian	4	$1,180,000	$295,000	$0	0.00%
Black	4	$770,000	$192,500	$0	0.00%

Approval Rates

Total approvals of all applications
86.44%

Pcsb Bank has an average approval rate.

Pick Rate

Approvals leading to origination
70.81%

Pcsb Bank has a below average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	161	$75,835,000	$471,025

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	13	$29,655,000	$2,281,154
Single Family (1-4 Units):Site-Built	148	$46,180,000	$312,027

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	$33,712
PCSB Bank	144 Route 22 Pawling, NY 12564	Full Service B&M	$58,602
PCSB Bank	150 Route 6 Mahopac, NY 10541	Full Service B&M	$141,545
PCSB Bank	2002 Commerce Street Yorktown Heights, NY 10598	Full Service B&M	$77,276
PCSB Bank	2477 Route 6 Brewster, NY 10509	Full Service B&M	$342,970
PCSB Bank	256 Route 52 Carmel, NY 10512	Full Service B&M	$79,304
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	$47,704
PCSB Bank	3649 Lee Road Jefferson Valley, NY 10535	Full Service B&M	$135,339
PCSB Bank	40 East First Street Mount Vernon, NY 10550	Full Service B&M	$31,541
PCSB Bank	441 Tarrytown Road White Plains, NY 10607	Full Service B&M	$46,764
PCSB Bank	478 White Plains Road Eastchester, NY 10709	Full Service B&M	$28,719
PCSB Bank	63 East Main Street Pawling, NY 12564	Full Service B&M	$47,271
PCSB Bank	76 Main Street New City, NY 10956	Full Service B&M	$23,138
PCSB Bank	804 Route 9 Fishkill, NY 12524	Full Service B&M	$34,834
PCSB Bank	Heritage 202 Center Somers, NY 10589	Full Service B&M	$163,637

For 2019, Pcsb Bank had 16 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$59,439
Net interest income	$44,531
Total noninterest income	$3,040
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$775
Trading account gains and fees	$0
Additional Noninterest Income	$2,265
Pre-tax net operating income	$11,503
Securities gains (or losses, -)	$7
Income before extraordinary items	$8,804
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$8,804
Minority interest net income	$0
Net income	$8,804
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$8,798

Pcsb Bank's gross interest income from loans was $59,439,000.
Pcsb Bank's net interest income from loans was $44,531,000.
Pcsb Bank's fee based income from loans was $775,000.
Pcsb Bank's net income from loans was $8,804,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$14,908
Provision for credit losses	$1,490
Total noninterest expense	$34,578
Salaries and employee benefits	$22,620
Premises and equipment expense	$5,324
Additional noninterest expense	$6,634
Applicable income taxes	$2,706
Net charge-offs	$217
Cash dividends	$0

Pcsb Bank's interest expense for loans was $14,908,000.
Pcsb Bank's payroll and benefits expense were $22,620,000.
Pcsb Bank's property, plant and equipment expenses $5,324,000.

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	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	$1,310,581
Deposits held in domestic offices	$1,310,581
Deposits by Individuals, partnerships, and corporations	$1,276,737
Deposits by U.S. Government	$10
Deposits by States and political subdivisions in the U.S.	$33,833
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	$315,280
Demand deposits	$141,008
Nontransaction accounts	$995,300
Money market deposit accounts (MMDAs)	$162,208
Other savings deposits (excluding MMDAs)	$363,931
Total time deposits	$469,163
Total time and savings deposits	$1,169,572
Noninterest-bearing deposits	$141,008
Interest-bearing deposits	$1,169,573
Retail deposits	$1,157,670
IRAs and Keogh plan accounts	$59,957
Brokered deposits	$77,500
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$1,646,356
Cash & Balances due from depository institutions	$59,873
Interest-bearing balances	$50,865
Total securities	$334,857
Federal funds sold & reverse repurchase	$1,232
Net loans and leases	$1,176,718
Loan and leases loss allowance	$6,216
Trading account assets	$1,886
Bank premises and fixed assets	$23,438
Other real estate owned	$279
Goodwill and other intangibles	$6,380
All other assets	$41,693

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$1,646,356
Total Liabilities	$1,428,845
Total deposits	$1,310,581
Interest-bearing deposits	$1,169,573
Deposits held in domestic offices	$1,310,581
% insured (estimated)	$84
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$1,886
Other borrowed funds	$109,901
Subordinated debt	$0
All other liabilities	$6,477

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$1,176,718
Loan and leases loss allowance	$6,216
Total loans and leases (domestic)	$1,182,934
All real estate loans	$1,105,910
Real estate loans in domestic offices	$1,105,910
Construction and development loans	$33,500
Residential 1-4 family construction	$9,791
Other construction, all land development and other land	$23,709
Loans secured by nonfarm nonresidential properties	$588,375
Nonfarm nonresidential secured by owner-occupied properties	$102,247
Commercial real estate & other non-farm, non-residential	$486,128
Multifamily residential real estate	$187,968
1-4 family residential loans	$296,067
Farmland loans	$0
Loans held in foreign offices	$0
Farm loans	$0
Commercial and industrial loans	$73,832
To non-U.S. addressees	$0
Loans to individuals	$414
Credit card loans	$0
Related Plans	$15
Consumer Auto Loans	$50
Other loans to individuals	$349
All other loans & leases	$2,777
Loans to foreign governments and official institutions	$0
Other loans	$222
Loans to depository institutions and acceptances of other banks	$0
Loans not secured by real estate	$2,945
Loans secured by real estate to non-U.S. addressees	$0
Restructured Loans & leases	$3,680
Non 1-4 family restructured loans & leases	$2,753
Total loans and leases (foreign)	$0

PCSB Bank had $1,176,718,000 of loans outstanding in 2019. $1,105,910,000 of loans were in real estate loans. $33,500,000 of loans were in development loans. $187,968,000 of loans were in multifamily mortgage loans. $296,067,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $50,000 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	327	$110,642	$338,355
Nonfarm, nonresidential loans - <$100k	13	$482	$37,077
Nonfarm, nonresidential loans - $100-250k	69	$8,311	$120,449
Nonfarm, nonresidential loans - $250k-1MM	245	$101,849	$415,710
Commercial & Industrial, US addressed loans - <$1MM	624	$55,851	$89,505
Commercial & Industrial, US addressed loans - <$100k	375	$12,040	$32,107
Commercial & Industrial, US addressed loans - $100-250k	135	$12,317	$91,237
Commercial & Industrial, US addressed loans - $250k-1MM	114	$31,494	$276,263