Fulton Savings Bank Mortgage Rates, Fees & Info

Fulton, NY

LEI: 95JW06YV3JUTCH0IJV88

Tax ID: 15-0313410

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    Fulton Savings Bank is a smaller bank specializing in Home Purchase loans. Fulton Savings Bank has a high proportion of conventional loans. Their top markets by origination volume include: Syracuse, Auburn, and Watertown among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Fulton Savings Bank has an above average approval rate when compared to the average across all lenders. They have an above 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

    189

    Origination Dollar Volume (All Markets)

    $23,135,000

    Employee count

    74

    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
    SYRACUSE, NY (FHA|USDA|VA) 176 $21,590,000 $122,670 $0 0.00%
    Auburn, NY (FHA|USDA|VA) 12 $1,390,000 $115,833 $0 0.00%
    WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
    Fulton Savings Bank's top markets include Syracuse, Auburn, and Watertown among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 189 $23,135,000 $122,407 $0 0.00%

    For 2019, Fulton Savings Bank's most frequently originated type of loan was Conventional, with 189 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 128 $17,150,000 $133,984 $0 0.00%
    Cash Out Refi 27 $3,035,000 $112,407 $0 0.00%
    Other 16 $1,440,000 $90,000 $0 0.00%
    Refi 10 $980,000 $98,000 $0 0.00%
    Home Improvement 8 $530,000 $66,250 $0 0.00%

    For 2019, Fulton Savings Bank's most frequently cited loan purpose was Home Purchase, with 128 originations. The 2nd most popular reason was Cash Out Refi, with 27 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 189 $23,135,000 $122,407 $0 0.00%

    For 2019, Fulton Savings Bank's most frequently cited loan duration was Other, with 189 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 88 $5,680,000 $64,545 $0 0.00%
    $100k-200k 75 $10,955,000 $146,067 $0 0.00%
    $200k-400k 26 $6,500,000 $250,000 $0 0.00%

    2019 saw Fulton Savings Bank place emphasis on $100,000 or less loans with 88 originations, totaling $5,680,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 52 $6,000,000 $115,385 $0 0.00%
    $75k-100k 41 $5,325,000 $129,878 $0 0.00%
    $100k-150k 40 $5,390,000 $134,750 $0 0.00%
    $50k or less 29 $1,995,000 $68,793 $0 0.00%
    $150k-250k 23 $3,775,000 $164,130 $0 0.00%
    $250k+ 3 $505,000 $168,333 $0 0.00%

    Fulton Savings Bank lent most frequently to those with incomes in the $50k-75k range, with 52 originations. The second most popular income band? $75k-100k, with 41 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 189 $23,135,000 $122,407 $0 0.00%

    Fulton Savings Bank lent most frequently to those with DTI ratios of Exempt%, with 189 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 184 $22,520,000 $122,391 $0 0.00%
    Not provided 4 $420,000 $105,000 $0 0.00%
    Black 1 $195,000 $195,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.39%

    Fulton Savings Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    94.71%

    Fulton Savings Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 189 $23,135,000 $122,407

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $320,000 $160,000
    Single Family (1-4 Units):Manufactured 4 $260,000 $65,000
    Single Family (1-4 Units):Site-Built 183 $22,555,000 $123,251

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    FULTON FINANCIAL CORPORATION Other type of mortgage Trouble during payment process 3 30.0%
    FULTON FINANCIAL CORPORATION Conventional home mortgage Struggling to pay mortgage 2 20.0%
    FULTON FINANCIAL CORPORATION Conventional home mortgage Trouble during payment process 2 20.0%
    FULTON FINANCIAL CORPORATION FHA mortgage Struggling to pay mortgage 1 10.0%
    FULTON FINANCIAL CORPORATION Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 2 20.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Fulton Savings Bank 45 Redfield Street Constantia, NY 13044 Full Service B&M $20,503
    Fulton Savings Bank 5501 Bartell Road Brewerton, NY 13029 Full Service B&M $18,159
    Fulton Savings Bank 75 South First Street Fulton, NY 13069 Full Service B&M $98,263
    Fulton Savings Bank Cr 57 Phoenix, NY 13135 Full Service B&M $36,015
    Fulton Savings Bank Route 49 And Green Acres Drive Central Square, NY 13036 Full Service B&M $47,112
    Fulton Savings Bank State Fair And Village Blvds. South Van Buren Township, NY 13027 Full Service B&M $32,158

    For 2019, Fulton Savings Bank had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $14,034
    Net interest income $13,460
    Total noninterest income $7,377
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,798
    Trading account gains and fees $0
    Additional Noninterest Income $5,579
    Pre-tax net operating income $5,470
    Securities gains (or losses, -) $1,315
    Income before extraordinary items $6,611
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $6,611
    Minority interest net income $0
    Net income $6,611
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $5,335

    Fulton Savings Bank's gross interest income from loans was $14,034,000.
    Fulton Savings Bank's net interest income from loans was $13,460,000.
    Fulton Savings Bank's fee based income from loans was $1,798,000.
    Fulton Savings Bank's net income from loans was $6,611,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $574
    Provision for credit losses $32
    Total noninterest expense $15,335
    Salaries and employee benefits $7,072
    Premises and equipment expense $1,116
    Additional noninterest expense $7,147
    Applicable income taxes $174
    Net charge-offs $124
    Cash dividends $0

    Fulton Savings Bank's interest expense for loans was $574,000.
    Fulton Savings Bank's payroll and benefits expense were $7,072,000.
    Fulton Savings Bank's property, plant and equipment expenses $1,116,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 5.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 1.0%
    HELOC loans 0.0%
    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 $247,440
    Deposits held in domestic offices $247,440
    Deposits by Individuals, partnerships, and corporations $247,440
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $0
    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 $95,296
    Demand deposits $61,557
    Nontransaction accounts $152,144
    Money market deposit accounts (MMDAs) $5,771
    Other savings deposits (excluding MMDAs) $114,503
    Total time deposits $31,871
    Total time and savings deposits $185,883
    Noninterest-bearing deposits $61,557
    Interest-bearing deposits $185,883
    Retail deposits $244,547
    IRAs and Keogh plan accounts $11,623
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $379,944
    Cash & Balances due from depository institutions $67,297
    Interest-bearing balances $62,422
    Total securities $120,992
    Federal funds sold & reverse repurchase $419
    Net loans and leases $144,626
    Loan and leases loss allowance $373
    Trading account assets $26,095
    Bank premises and fixed assets $803
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $19,712

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $379,944
    Total Liabilities $268,741
    Total deposits $247,440
    Interest-bearing deposits $185,883
    Deposits held in domestic offices $247,440
    % insured (estimated) $97
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $9,300
    Subordinated debt $0
    All other liabilities $12,001

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $144,626
    Loan and leases loss allowance $373
    Total loans and leases (domestic) $144,999
    All real estate loans $139,730
    Real estate loans in domestic offices $139,730
    Construction and development loans $149
    Residential 1-4 family construction $0
    Other construction, all land development and other land $149
    Loans secured by nonfarm nonresidential properties $13,141
    Nonfarm nonresidential secured by owner-occupied properties $632
    Commercial real estate & other non-farm, non-residential $12,509
    Multifamily residential real estate $640
    1-4 family residential loans $125,800
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $1,424
    To non-U.S. addressees $0
    Loans to individuals $3,644
    Credit card loans $0
    Related Plans $335
    Consumer Auto Loans $488
    Other loans to individuals $2,821
    All other loans & leases $201
    Loans to foreign governments and official institutions $0
    Other loans $201
    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 $114
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Fulton Savings Bank had $144,626,000 of loans outstanding in 2019. $139,730,000 of loans were in real estate loans. $149,000 of loans were in development loans. $640,000 of loans were in multifamily mortgage loans. $125,800,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $488,000 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 94 $11,031 $117,351
    Nonfarm, nonresidential loans - <$100k 42 $1,829 $43,548
    Nonfarm, nonresidential loans - $100-250k 32 $3,418 $106,813
    Nonfarm, nonresidential loans - $250k-1MM 20 $5,784 $289,200
    Commercial & Industrial, US addressed loans - <$1MM 43 $1,422 $33,070
    Commercial & Industrial, US addressed loans - <$100k 31 $216 $6,968
    Commercial & Industrial, US addressed loans - $100-250k 10 $454 $45,400
    Commercial & Industrial, US addressed loans - $250k-1MM 2 $752 $376,000