First in its home market
It held 8.4% of lending in Kingston, up from 7.8%, ranking first of 184 lenders. Hudson Valley Credit Union came second and Rocket Mortgage third. It has reported there since 1990.
Applications / Mortgage Analytics / Lenders / New York / Ulster Savings Bank
Ulster Savings Bank
Kingston, NY · Savings institution · FDIC · $1.4 billion assets · 496 loans in 2025
Ulster Savings Bank's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
496
loans originated, 2025
608
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Ulster Savings Bank is the largest mortgage lender in the Kingston, New York market, and its share there rose in 2025.
Growing faster than its peers
Its loans rose 12% to 496, against 4% at similar lenders, savings institutions making between half and twice as many loans, and 10% in the whole market. Purchases made up 58.5% of its loans. Its typical loan, $255,000, was larger than the $215,000 at similar lenders.
Few costly loans, few refusals
None of its loans was higher-priced (a rate well above the average for similar loans), against 0.3% at similar lenders. It turned down 4.3% of home-purchase applications, below the 5.4% typical of similar lenders.
Slipping south of Kingston
Its share slipped in Kiryas Joel-Poughkeepsie-Newburgh, to 0.7% from 0.8%, where Hudson Valley Credit Union led. With a share that small, a few loans either way could account for the move, as could faster growth by larger rivals there.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
496 loans in 2025, against a peak of 1,375 in 2020.
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Ulster Savings Bank took 608 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
58.5% of its 2025 loans were purchase loans; 99.8% were conventional loans.
Purchase 58.5% · Home improvement 14.5% · Refinance 13.7% · Other 13.3%
Conventional 99.8% · FHA 0.2% · of 496 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
1 state, 6 metros, 17 counties
| State | Loans | Share |
|---|---|---|
| New York | 496 | 100.0% |
Largest metro areas, 2025
Loans originated
| Metro area | Loans |
|---|---|
| Kingston | 302 |
| Kiryas Joel-Poughkeepsie-Newburgh | 99 |
| New York-Jersey City-White Plains | 12 |
| Albany-Schenectady-Troy | 2 |
| Binghamton | 2 |
| Nassau County-Suffolk County | 2 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 5493008GTOZI3HQKE634 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 301800 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 315970 | 1990–2017 |
Established 13 April 1851. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Ulster Savings Bank's data.
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