Firstrust Savings Bank Mortgage Rates, Fees & Info
Conshohocken, PALEI: R7JQ9JTCFHXBQU4XIT26
Tax ID: 23-0970971
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Bank Data
Review & Overview
Firstrust Savings Bank is a smaller bank specializing in Home Purchase loans. Firstrust Savings Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Philadelphia, Boston, Ocean City, New York, and Worcester among others. We have data for 40 markets. (Some data included below & more in-depth data is available with an active subscription.)Firstrust Savings 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. Firstrust Savings Bank is typically an average 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.70% | 4/21/24 |
| 30 Year Conventional Refi | 6.45% | 4/21/24 |
| 30 Year Cash-out Refi | 6.56% | 4/21/24 |
| 30 Year FHA Purchase | 7.56% | 4/21/24 |
| 30 Year VA Purchase | 6.11% | 4/21/24 |
| 15 Year Conventional Purchase | 5.82% | 4/21/24 |
| 15 Year Conventional Refi | 5.87% | 4/21/24 |
| 15 Year Cash-out Refi | 5.87% | 4/21/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Firstrust Savings Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,173Origination Dollar Volume (All Markets)
$333,305,000Employee count
516Awards
Firstrust Savings Bank - 2018
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For 2018, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 830 | $207,180,000 | $249,614 | $6,709 | 4.58% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 120 | $58,850,000 | $490,417 | $6,481 | 4.46% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 27 | $9,515,000 | $352,407 | $6,880 | 4.55% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 31 | $8,805,000 | $284,032 | $5,659 | 4.54% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 25 | $6,975,000 | $279,000 | $5,938 | 4.83% |
| Outside of Metro Areas | 20 | $5,850,000 | $292,500 | $4,318 | 4.47% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 13 | $4,845,000 | $372,692 | $4,176 | 4.47% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 14 | $4,420,000 | $315,714 | $4,186 | 4.95% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 16 | $2,960,000 | $185,000 | $5,982 | 4.38% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 6 | $2,650,000 | $441,667 | $8,670 | 4.12% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 7 | $2,275,000 | $325,000 | $5,746 | 4.48% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 6 | $1,890,000 | $315,000 | $7,395 | 4.46% |
| READING, PA (FHA|USDA|VA) | 9 | $1,815,000 | $201,667 | $7,289 | 4.54% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $1,540,000 | $770,000 | $9,476 | 4.38% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 3 | $1,315,000 | $438,333 | $7,871 | 4.42% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 4 | $1,300,000 | $325,000 | $6,098 | 4.25% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 3 | $1,225,000 | $408,333 | $4,988 | 3.75% |
| LANCASTER, PA (FHA|USDA|VA) | 6 | $1,160,000 | $193,333 | $5,924 | 4.42% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 3 | $985,000 | $328,333 | $3,843 | 4.67% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 2 | $960,000 | $480,000 | $6,609 | 4.81% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 4 | $830,000 | $207,500 | $4,906 | 4.34% |
| Concord, NH (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $3,227 | 4.13% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $19,366 | 4.13% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 2 | $540,000 | $270,000 | $3,817 | 4.25% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $2,861 | 3.75% |
| Lebanon, NH-VT (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $3,991 | 4.63% |
| STATE COLLEGE, PA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $9,832 | 3.88% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $4,674 | 5.50% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $3,700 | 4.25% |
| PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,964 | 5.00% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $7,240 | 4.13% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,999 | 4.50% |
| Torrington, CT (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,486 | 5.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 2 | $240,000 | $120,000 | $3,612 | 4.37% |
| Laconia, NH (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,159 | 4.88% |
| LEBANON, PA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,666 | 4.38% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,581 | 5.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,324 | 4.50% |
| EAST STROUDSBURG, PA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 4.99% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $2,202 | 4.25% |
Their top states include:
Similar Lenders
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 1,114 | $321,870,000 | $288,932 | $6,398 | 4.56% |
| FHA | 54 | $10,240,000 | $189,630 | $7,528 | 4.51% |
| VA | 5 | $1,195,000 | $239,000 | $8,200 | 4.81% |
For 2018, Firstrust Savings Bank's most frequently originated type of loan was Conventional, with 1,114 originations. Their 2nd most popular type was FHA, with 54 originations.
Loan Reason
For 2018, Firstrust Savings Bank's most frequently cited loan purpose was Home Purchase, with 760 originations. The 2nd most popular reason was Cash Out Refi, with 156 originations.
Loan Duration/Length
For 2018, Firstrust Savings Bank's most frequently cited loan duration was 30 Year, with 895 originations. The 2nd most popular length was 15 Year, with 148 originations.
Origination Fees/Closing Costs
Firstrust Savings Bank's average total fees were $6,194, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 413 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 773 | $219,695,000 | $284,211 |
| 3-4% | 184 | $61,320,000 | $333,261 |
| 5-6% | 169 | $34,585,000 | $204,645 |
During 2018, Firstrust Savings Bank's average interest rate for loans was 4.65%, while their most frequently originated rate bucket for loans was 4-5%, with 773 originations.
Loan Sizing
2018 saw Firstrust Savings Bank place emphasis on $200k-400k loans with 385 originations, totaling $110,055,000 in origination value.
Applicant Income
Firstrust Savings Bank lent most frequently to those with incomes in the $150k-250k range, with 269 originations. The second most popular income band? $100k-150k, with 241 originations.
Applicant Debt to Income Ratio
Firstrust Savings Bank lent most frequently to those with DTI ratios of 30-36%, with 249 originations. The next most common DTI ratio? 20-30%, with 239 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.43%
Firstrust Savings Bank has an average approval rate.
Pick Rate
Approvals leading to origination67.09%
Firstrust Savings Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,173 | $333,305,000 | $284,147 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 3 | $625,000 | $208,333 |
| Single Family (1-4 Units):Site-Built | 1,170 | $332,680,000 | $284,342 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST HORIZON BANK | FHA mortgage | Trouble during payment process | 1 | 7.1% |
| FIRST HORIZON BANK | Conventional home mortgage | Struggling to pay mortgage | 3 | 21.4% |
| FIRST HORIZON BANK | Conventional home mortgage | Trouble during payment process | 5 | 35.7% |
| FIRST HORIZON BANK | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 7.1% |
| FIRST HORIZON BANK | Other type of mortgage | Trouble during payment process | 1 | 7.1% |
| FIRST HORIZON BANK | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 7.1% |
| FIRST HORIZON BANK | Home equity loan or line of credit (HELOC) | Problem with a credit reporting company's investigation into an existing problem | 1 | 7.1% |
| FIRST HORIZON BANK | Home equity loan or line of credit (HELOC) | Incorrect information on your report | 1 | 7.1% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Firstrust Savings Bank | 107 Coulter Avenue Ardmore, PA 19003 | Full Service B&M | $51,787 |
| Firstrust Savings Bank | 11 Durham Road Newtown, PA 18940 | Full Service B&M | $66,980 |
| Firstrust Savings Bank | 1332 Point Breeze Avenue Philadelphia, PA 19146 | Full Service B&M | $18,000 |
| Firstrust Savings Bank | 1403 North Cedar Crest Boulevard Allentown, PA 18104 | Full Service B&M | $126,600 |
| Firstrust Savings Bank | 15 East Ridge Pike Conshohocken, PA 19428 | Full Service B&M | $606,234 |
| Firstrust Savings Bank | 1515 Market Street Philadelphia, PA 19102 | Full Service B&M | $220,976 |
| Firstrust Savings Bank | 1816 Bethlehem Pike Flourtown, PA 19031 | Full Service B&M | $115,733 |
| Firstrust Savings Bank | 1901 Walnut Street Philadelphia, PA 19103 | Full Service B&M | $148,647 |
| Firstrust Savings Bank | 261 Old York Road Jenkintown, PA 19046 | Full Service B&M | $133,291 |
| Firstrust Savings Bank | 288 South Main Street Doylestown, PA 18901 | Full Service B&M | $72,386 |
| Firstrust Savings Bank | 351 Conshohocken State Road Gladwyne, PA 19035 | Full Service B&M | $68,128 |
| Firstrust Savings Bank | 361 Second Street Pike Southampton, PA 18966 | Full Service B&M | $158,883 |
| Firstrust Savings Bank | 555 City Avenue Bala-Cynwyd, PA 19004 | Full Service B&M | $90,674 |
| Firstrust Savings Bank | 600 North Route 73, Suites #1 And #4 Marlton, NJ 8053 | Full Service B&M | $85,519 |
| Firstrust Savings Bank | 725 West Lancaster Avenue Bryn Mawr, PA 19010 | Full Service B&M | $105,296 |
| Firstrust Savings Bank | 7918 Bustleton Avenue Philadelphia, PA 19152 | Full Service B&M | $169,556 |
| Firstrust Savings Bank | 9309 Krewstown Rd. Philadelphia, PA 19115 | Full Service B&M | $230,619 |
| Firstrust Savings Bank | One Walnut Grove Drive Horsham, PA 19044 | Full Service B&M | $9,893 |
For 2018, Firstrust Savings Bank had 18 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $162,738 |
| Net interest income | $140,241 |
| Total noninterest income | $28,143 |
| Gross Fiduciary activities income | $7 |
| Service charges on deposit accounts | $4,581 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $23,555 |
| Pre-tax net operating income | $51,690 |
| Securities gains (or losses, -) | $-1,391 |
| Income before extraordinary items | $49,712 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $49,712 |
| Minority interest net income | $0 |
| Net income | $49,712 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $51,089 |
Firstrust Savings Bank's gross interest income from loans was $162,738,000.
Firstrust Savings Bank's net interest income from loans was $140,241,000.
Firstrust Savings Bank's fee based income from loans was $4,581,000.
Firstrust Savings Bank's net income from loans was $49,712,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $22,497 |
| Provision for credit losses | $1,025 |
| Total noninterest expense | $115,669 |
| Salaries and employee benefits | $55,001 |
| Premises and equipment expense | $8,352 |
| Additional noninterest expense | $52,316 |
| Applicable income taxes | $587 |
| Net charge-offs | $1,789 |
| Cash dividends | $43,251 |
Firstrust Savings Bank's interest expense for loans was $22,497,000.
Firstrust Savings Bank's payroll and benefits expense were $55,001,000.
Firstrust Savings Bank's property, plant and equipment expenses $8,352,000.
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 | 0.0% |
| Personal loans | 0.0% |
| Credit card loans | 0.1% |
| 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 | $2,724,595 |
| Deposits held in domestic offices | $2,724,595 |
| Deposits by Individuals, partnerships, and corporations | $2,588,409 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $114,003 |
| Deposits by Commercial banks and other depository institutions in U.S. | $22,184 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $289,096 |
| Demand deposits | $0 |
| Nontransaction accounts | $2,435,500 |
| Money market deposit accounts (MMDAs) | $136,919 |
| Other savings deposits (excluding MMDAs) | $1,622,258 |
| Total time deposits | $676,324 |
| Total time and savings deposits | $2,724,596 |
| Noninterest-bearing deposits | $843,364 |
| Interest-bearing deposits | $1,881,231 |
| Retail deposits | $2,478,318 |
| IRAs and Keogh plan accounts | $59,296 |
| Brokered deposits | $115,743 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $3,458,196 |
| Cash & Balances due from depository institutions | $278,672 |
| Interest-bearing balances | $220,234 |
| Total securities | $282,311 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $2,829,668 |
| Loan and leases loss allowance | $50,306 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $12,888 |
| Other real estate owned | $834 |
| Goodwill and other intangibles | $18,580 |
| All other assets | $35,243 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $3,458,196 |
| Total Liabilities | $3,113,804 |
| Total deposits | $2,724,595 |
| Interest-bearing deposits | $1,881,231 |
| Deposits held in domestic offices | $2,724,595 |
| % insured (estimated) | $70 |
| Federal funds purchased and repurchase agreements | $72,840 |
| Trading liabilities | $0 |
| Other borrowed funds | $265,587 |
| Subordinated debt | $0 |
| All other liabilities | $50,782 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $2,829,668 |
| Loan and leases loss allowance | $50,306 |
| Total loans and leases (domestic) | $2,879,974 |
| All real estate loans | $1,951,804 |
| Real estate loans in domestic offices | $1,951,804 |
| Construction and development loans | $202,053 |
| Residential 1-4 family construction | $42,909 |
| Other construction, all land development and other land | $159,144 |
| Loans secured by nonfarm nonresidential properties | $1,045,851 |
| Nonfarm nonresidential secured by owner-occupied properties | $368,690 |
| Commercial real estate & other non-farm, non-residential | $677,161 |
| Multifamily residential real estate | $86,799 |
| 1-4 family residential loans | $617,101 |
| Farmland loans | $0 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $738,990 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $121,648 |
| Credit card loans | $1,183 |
| Related Plans | $0 |
| Consumer Auto Loans | $68 |
| Other loans to individuals | $120,397 |
| All other loans & leases | $67,532 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $912 |
| 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 | $5,243 |
| Non 1-4 family restructured loans & leases | $5,243 |
| Total loans and leases (foreign) | $0 |
Firstrust Savings Bank had $2,829,668,000 of loans outstanding in 2018. $1,951,804,000 of loans were in real estate loans. $202,053,000 of loans were in development loans. $86,799,000 of loans were in multifamily mortgage loans. $617,101,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $1,183,000 of loans were in credit card loans. $68,000 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 | 2,372 | $467,943 | $197,278 |
| Nonfarm, nonresidential loans - <$100k | 598 | $36,850 | $61,622 |
| Nonfarm, nonresidential loans - $100-250k | 970 | $144,454 | $148,922 |
| Nonfarm, nonresidential loans - $250k-1MM | 804 | $286,639 | $356,516 |
| Commercial & Industrial, US addressed loans - <$1MM | 678 | $106,903 | $157,674 |
| Commercial & Industrial, US addressed loans - <$100k | 229 | $5,543 | $24,205 |
| Commercial & Industrial, US addressed loans - $100-250k | 148 | $11,297 | $76,331 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 301 | $90,063 | $299,213 |