Mid Penn Bank Mortgage Rates, Fees & Info
Millersburg, PALEI: 254900L0MIAM922ZEC34
Tax ID: 23-0880270
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Bank Data
Review & Overview
Mid Penn Bank is a smaller bank specializing in Home Purchase and Refi loans. Mid Penn 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.) They have a low ratio of USDA loans. Their top markets by origination volume include: Philadelphia, Harrisburg, York, Pittsburgh, and Pottsville among others. We have data for 24 markets. (Some data included below & more in-depth data is available with an active subscription.)Mid Penn Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Mid Penn 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.
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.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
---|---|---|
Home Equity Line of Credit (HELOC) | 6.27% | 12/16/24 |
30 Year Conventional Purchase | 6.63% | 12/16/24 |
30 Year Conventional Refi | 6.62% | 12/16/24 |
30 Year Cash-out Refi | 6.62% | 12/16/24 |
30 Year FHA Purchase | 7.72% | 12/16/24 |
30 Year VA Purchase | 6.28% | 12/16/24 |
30 Year USDA Purchase | 6.81% | 12/16/24 |
15 Year Conventional Purchase | 6.18% | 12/16/24 |
15 Year Conventional Refi | 6.22% | 12/16/24 |
15 Year Cash-out Refi | 6.22% | 12/16/24 |
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. |
Mid Penn Bank Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Mid Penn Bank. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
773Origination Dollar Volume (All Markets)
$184,335,000Employee count
437 Show all (5) awardsMid Penn Bank - 2019
Mid Penn Bank is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
Work for Mid Penn Bank?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
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) | 279 | $86,125,000 | $308,692 | $5,318 | 4.12% |
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 285 | $51,075,000 | $179,211 | $3,581 | 4.31% |
YORK-HANOVER, PA (FHA|USDA|VA) | 30 | $8,340,000 | $278,000 | $4,695 | 4.33% |
PITTSBURGH, PA (FHA|USDA|VA) | 34 | $5,870,000 | $172,647 | $2,654 | 4.87% |
Pottsville, PA (FHA|USDA|VA) | 50 | $5,140,000 | $102,800 | $2,846 | 4.60% |
LANCASTER, PA (FHA|USDA|VA) | 24 | $4,400,000 | $183,333 | $5,063 | 4.38% |
READING, PA (FHA|USDA|VA) | 11 | $3,245,000 | $295,000 | $7,742 | 4.24% |
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 15 | $3,065,000 | $204,333 | $3,825 | 4.84% |
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 6 | $2,840,000 | $473,333 | $0 | 5.22% |
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 7 | $2,755,000 | $393,571 | $4,278 | 4.58% |
LEBANON, PA (FHA|USDA|VA) | 8 | $2,220,000 | $277,500 | $6,088 | 3.98% |
JOHNSTOWN, PA (FHA|USDA|VA) | 1 | $2,045,000 | $2,045,000 | $0 | 5.50% |
SALISBURY, MD-DE (FHA|USDA|VA) | 4 | $1,900,000 | $475,000 | $3,754 | 3.78% |
OCEAN CITY, NJ (FHA|USDA|VA) | 4 | $1,670,000 | $417,500 | $6,472 | 4.47% |
GETTYSBURG, PA (FHA|USDA|VA) | 2 | $970,000 | $485,000 | $4,174 | 4.38% |
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $7,338 | 4.99% |
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $3,938 | 4.25% |
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $4,226 | 3.88% |
Sunbury, PA (FHA|USDA|VA) | 3 | $315,000 | $105,000 | $3,712 | 4.93% |
EAST STROUDSBURG, PA (FHA|USDA|VA) | 2 | $310,000 | $155,000 | $4,879 | 5.25% |
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $1,690 | 2.88% |
Lewistown, PA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,156 | 4.00% |
CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,376 | 4.38% |
BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $225 | 5.24% |
Similar Lenders
We use machine learning to identify the top lenders compared against Mid Penn Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 27
Similarity Rank: 42
Similarity Rank: 70
Similarity Rank: 122
Similarity Rank: 162
Similarity Rank: 172
Similarity Rank: 180
Similarity Rank: 182
Similarity Rank: 192
Similarity Rank: 210
Product Mix
For 2019, Mid Penn Bank's most frequently originated type of loan was Conventional, with 752 originations. Their 2nd most popular type was FHA, with 16 originations.
Loan Reason
For 2019, Mid Penn Bank's most frequently cited loan purpose was Home Purchase, with 523 originations. The 2nd most popular reason was Refi, with 149 originations.
Loan Duration/Length
For 2019, Mid Penn Bank's most frequently cited loan duration was 30 Year, with 495 originations. The 2nd most popular length was 20 Year, with 79 originations.
Origination Fees/Closing Costs
Mid Penn Bank's average total fees were $4,621, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 290 originations.
Interest Rates
During 2019, Mid Penn Bank's average interest rate for loans was 4.10%, while their most frequently originated rate bucket for loans was 3-4%, with 355 originations.
Loan Sizing
2019 saw Mid Penn Bank place emphasis on $200k-400k loans with 281 originations, totaling $77,765,000 in origination value.
Applicant Income
Mid Penn Bank lent most frequently to those with incomes in the $50k-75k range, with 164 originations. The second most popular income band? $100k-150k, with 141 originations.
Applicant Debt to Income Ratio
Mid Penn Bank lent most frequently to those with DTI ratios of 20-30%, with 150 originations. The next most common DTI ratio? 30-36%, with 150 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.44%
Mid Penn Bank has an average approval rate.
Pick Rate
Approvals leading to origination77.62%
Mid Penn Bank has a below average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
NA | 773 | $184,335,000 | $238,467 |
Occupancy Type Mix
LTV Distribution
Complaints
Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
---|---|---|---|---|
M&T BANK CORPORATION | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 7 | 3.0% |
M&T BANK CORPORATION | Conventional home mortgage | Closing on a mortgage | 4 | 1.7% |
M&T BANK CORPORATION | Conventional home mortgage | Incorrect information on your report | 1 | 0.4% |
M&T BANK CORPORATION | Conventional home mortgage | Problem with a credit reporting company's investigation into an existing problem | 1 | 0.4% |
M&T BANK CORPORATION | Conventional home mortgage | Struggling to pay mortgage | 23 | 9.9% |
M&T BANK CORPORATION | Conventional home mortgage | Trouble during payment process | 61 | 26.3% |
M&T BANK CORPORATION | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 0.9% |
M&T BANK CORPORATION | FHA mortgage | Closing on a mortgage | 4 | 1.7% |
M&T BANK CORPORATION | FHA mortgage | Incorrect information on your report | 1 | 0.4% |
M&T BANK CORPORATION | FHA mortgage | Problem with a credit reporting company's investigation into an existing problem | 1 | 0.4% |
M&T BANK CORPORATION | FHA mortgage | Struggling to pay mortgage | 19 | 8.2% |
M&T BANK CORPORATION | FHA mortgage | Trouble during payment process | 46 | 19.8% |
M&T BANK CORPORATION | FHA mortgage | Unable to get your credit report or credit score | 1 | 0.4% |
M&T BANK CORPORATION | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 2 | 0.9% |
M&T BANK CORPORATION | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 1 | 0.4% |
M&T BANK CORPORATION | Home equity loan or line of credit (HELOC) | Trouble during payment process | 7 | 3.0% |
M&T BANK CORPORATION | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 0.4% |
M&T BANK CORPORATION | Other type of mortgage | Closing on a mortgage | 2 | 0.9% |
M&T BANK CORPORATION | Other type of mortgage | Incorrect information on your report | 1 | 0.4% |
M&T BANK CORPORATION | Other type of mortgage | Struggling to pay mortgage | 9 | 3.9% |
M&T BANK CORPORATION | Other type of mortgage | Trouble during payment process | 16 | 6.9% |
M&T BANK CORPORATION | VA mortgage | Closing on a mortgage | 1 | 0.4% |
M&T BANK CORPORATION | VA mortgage | Struggling to pay mortgage | 5 | 2.2% |
M&T BANK CORPORATION | VA mortgage | Trouble during payment process | 16 | 6.9% |
Bank Details
Branches
Bank Name | Branch | Branch Type | Deposits (000's) |
---|---|---|---|
Mid Penn Bank | 29 Main Street Tremont, PA 17981 | Full Service B&M | $28,752 |
Mid Penn Bank | 10 Sentry Parkway, Suite 100 Blue Bell, PA 19422 | Full Service B&M | $31,235 |
Mid Penn Bank | 1001 Peters Mountain Road Dauphin, PA 17018 | Full Service B&M | $32,374 |
Mid Penn Bank | 1021 Centre Turnpike Orwigsburg, PA 17961 | Full Service B&M | $7,436 |
Mid Penn Bank | 104 Pheasant Run Newtown, PA 18940 | Full Service B&M | $56,105 |
Mid Penn Bank | 1100 Spring Garden Drive Middletown, PA 17057 | Full Service B&M | $62,857 |
Mid Penn Bank | 125 South Arch Street Connellsville, PA 15425 | Full Service B&M | $72,499 |
Mid Penn Bank | 545 E Grand Ave Tower City, PA 17980 | Full Service B&M | $34,989 |
Mid Penn Bank | 1310 Broadcasting Road Wyomissing, PA 19610 | Full Service B&M | $77,370 |
Mid Penn Bank | 150 Pittsburgh Street Scottdale, PA 15683 | Full Service B&M | $76,853 |
Mid Penn Bank | 17 North 2nd Street Harrisburg, PA 17101 | Full Service Retail | $29,566 |
Mid Penn Bank | 1817 Oregon Pike Lancaster, PA 17601 | Full Service B&M | $5,455 |
Mid Penn Bank | 192 Main Street Vanderbilt, PA 15486 | Full Service B&M | $14,779 |
Mid Penn Bank | 193 Market Street Pillow, PA 17080 | Full Service B&M | $2,294 |
Mid Penn Bank | 2 West Liberty Boulevard Malvern, PA 19355 | Full Service B&M | $49,465 |
Mid Penn Bank | 205 School Road Dalmatia, PA 17017 | Full Service B&M | $29,451 |
Mid Penn Bank | 2148 Market Street Camp Hill, PA 17011 | Full Service B&M | $88,754 |
Mid Penn Bank | 2305 South Market Street Elizabethtown, PA 17022 | Full Service B&M | $33,013 |
Mid Penn Bank | 237 E. Gay Street West Chester, PA 19380 | Full Service B&M | $30,163 |
Mid Penn Bank | 2615 N Front Street Harrisburg, PA 17110 | Full Service B&M | $55,570 |
Mid Penn Bank | 3101 Shillington Road Sinking Spring, PA 19608 | Full Service B&M | $52,174 |
Mid Penn Bank | 349 Union Street Millersburg, PA 17061 | Full Service B&M | $272,534 |
Mid Penn Bank | 3663 Peters Mountain Road Halifax, PA 17032 | Full Service B&M | $14,301 |
Mid Penn Bank | 4200 N. 5th Street Highway Temple, PA 19560 | Full Service B&M | $29,390 |
Mid Penn Bank | 437 Pa 901 Minersville, PA 17954 | Full Service B&M | $67,416 |
Mid Penn Bank | 4509 Derry Street Harrisburg, PA 17111 | Full Service B&M | $56,496 |
Mid Penn Bank | 4541 Perkiomen Avenue Reading, PA 19606 | Full Service B&M | $24,253 |
Mid Penn Bank | 4622 Carlisle Pike Mechanicsburg, PA 17050 | Full Service B&M | $53,387 |
Mid Penn Bank | 4642 State Route 209 Elizabethville, PA 17023 | Full Service B&M | $59,317 |
Mid Penn Bank | 504 South Lehigh Avenue Frackville, PA 17931 | Full Service B&M | $41,944 |
Mid Penn Bank | 5049 Jonestown Road Harrisburg, PA 17112 | Full Service B&M | $121,140 |
Mid Penn Bank | 51 South Front Street Steelton, PA 17113 | Full Service B&M | $30,307 |
Mid Penn Bank | 5288 Simpson Ferry Road Mechanicsburg, PA 17050 | Full Service B&M | $30,858 |
Mid Penn Bank | 550 Main Street Lykens, PA 17048 | Full Service B&M | $32,082 |
Mid Penn Bank | 632 West Main Street Mount Pleasant, PA 15666 | Full Service B&M | $6,880 |
Mid Penn Bank | 641 State Route 93 Conyngham, PA 18219 | Full Service B&M | $28,039 |
Mid Penn Bank | 689 West Main Street New Holland, PA 17557 | Full Service B&M | $9,013 |
Mid Penn Bank | Route 819 South Mount Pleasant, PA 15666 | Full Service B&M | $30,602 |
For 2019, Mid Penn Bank had 38 branches.
Yearly Performance Overview
Bank Income
Item | Value (in 000's) |
---|---|
Total interest income | $95,312 |
Net interest income | $71,099 |
Total noninterest income | $10,596 |
Gross Fiduciary activities income | $934 |
Service charges on deposit accounts | $1,115 |
Trading account gains and fees | $0 |
Additional Noninterest Income | $8,547 |
Pre-tax net operating income | $22,027 |
Securities gains (or losses, -) | $1,894 |
Income before extraordinary items | $19,675 |
Discontinued Operations (Extraordinary gains, net) | $0 |
Net income of bank and minority interests | $19,675 |
Minority interest net income | $0 |
Net income | $19,675 |
Sale, conversion, retirement of capital stock, net | $0 |
Net operating income | $18,121 |
Mid Penn Bank's gross interest income from loans was $95,312,000.
Mid Penn Bank's net interest income from loans was $71,099,000.
Mid Penn Bank's fee based income from loans was $1,115,000.
Mid Penn Bank's net income from loans was $19,675,000.
Bank Expenses
Item | Value (in 000's) |
---|---|
Total interest expense | $24,213 |
Provision for credit losses | $1,390 |
Total noninterest expense | $58,278 |
Salaries and employee benefits | $31,437 |
Premises and equipment expense | $7,982 |
Additional noninterest expense | $18,859 |
Applicable income taxes | $4,246 |
Net charge-offs | $272 |
Cash dividends | $7,189 |
Mid Penn Bank's interest expense for loans was $24,213,000.
Mid Penn Bank's payroll and benefits expense were $31,437,000.
Mid Penn Bank's property, plant and equipment expenses $7,982,000.
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 | 1.0% |
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 | 0.0% |
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 | $1,912,844 |
Deposits held in domestic offices | $1,912,844 |
Deposits by Individuals, partnerships, and corporations | $1,561,954 |
Deposits by U.S. Government | $0 |
Deposits by States and political subdivisions in the U.S. | $348,970 |
Deposits by Commercial banks and other depository institutions in U.S. | $1,920 |
Deposits by Banks in foreign countries | $0 |
Deposits by Foreign governments and official institutions | $0 |
Transaction accounts | $153,018 |
Demand deposits | $153,018 |
Nontransaction accounts | $1,759,826 |
Money market deposit accounts (MMDAs) | $488,748 |
Other savings deposits (excluding MMDAs) | $793,656 |
Total time deposits | $477,422 |
Total time and savings deposits | $1,759,826 |
Noninterest-bearing deposits | $310,731 |
Interest-bearing deposits | $1,602,113 |
Retail deposits | $1,725,588 |
IRAs and Keogh plan accounts | $56,108 |
Brokered deposits | $93,983 |
Deposits held in foreign offices | $0 |
Assets
Asset | Value (in 000's) |
---|---|
Total Assets | $2,230,818 |
Cash & Balances due from depository institutions | $139,030 |
Interest-bearing balances | $113,284 |
Total securities | $173,993 |
Federal funds sold & reverse repurchase | $0 |
Net loans and leases | $1,761,663 |
Loan and leases loss allowance | $9,515 |
Trading account assets | $0 |
Bank premises and fixed assets | $24,856 |
Other real estate owned | $196 |
Goodwill and other intangibles | $68,598 |
All other assets | $62,482 |
Liabilities
Liabilities | Value (in 000's) |
---|---|
Total liabilities and capital | $2,230,818 |
Total Liabilities | $1,975,989 |
Total deposits | $1,912,844 |
Interest-bearing deposits | $1,602,113 |
Deposits held in domestic offices | $1,912,844 |
% insured (estimated) | $61 |
Federal funds purchased and repurchase agreements | $0 |
Trading liabilities | $0 |
Other borrowed funds | $45,447 |
Subordinated debt | $9,673 |
All other liabilities | $8,025 |
Issued Loan Types
Type | Value (in 000's) |
---|---|
Net loans and leases | $1,761,663 |
Loan and leases loss allowance | $9,515 |
Total loans and leases (domestic) | $1,771,178 |
All real estate loans | $1,424,244 |
Real estate loans in domestic offices | $1,424,244 |
Construction and development loans | $186,291 |
Residential 1-4 family construction | $37,821 |
Other construction, all land development and other land | $148,470 |
Loans secured by nonfarm nonresidential properties | $671,954 |
Nonfarm nonresidential secured by owner-occupied properties | $318,053 |
Commercial real estate & other non-farm, non-residential | $353,901 |
Multifamily residential real estate | $70,927 |
1-4 family residential loans | $438,318 |
Farmland loans | $56,754 |
Loans held in foreign offices | $0 |
Farm loans | $3,194 |
Commercial and industrial loans | $272,674 |
To non-U.S. addressees | $0 |
Loans to individuals | $5,671 |
Credit card loans | $159 |
Related Plans | $2,785 |
Consumer Auto Loans | $306 |
Other loans to individuals | $2,421 |
All other loans & leases | $65,395 |
Loans to foreign governments and official institutions | $0 |
Other loans | $2,115 |
Loans to depository institutions and acceptances of other banks | $5,500 |
Loans not secured by real estate | $1,420 |
Loans secured by real estate to non-U.S. addressees | $0 |
Restructured Loans & leases | $490 |
Non 1-4 family restructured loans & leases | $0 |
Total loans and leases (foreign) | $0 |
Mid Penn Bank had $1,761,663,000 of loans outstanding in 2019. $1,424,244,000 of loans were in real estate loans. $186,291,000 of loans were in development loans. $70,927,000 of loans were in multifamily mortgage loans. $438,318,000 of loans were in 1-4 family mortgage loans. $3,194,000 of loans were in farm loans. $159,000 of loans were in credit card loans. $306,000 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 | 1,058 | $242,644 | $229,342 |
Nonfarm, nonresidential loans - <$100k | 256 | $15,203 | $59,387 |
Nonfarm, nonresidential loans - $100-250k | 324 | $39,136 | $120,790 |
Nonfarm, nonresidential loans - $250k-1MM | 478 | $188,305 | $393,944 |
Commercial & Industrial, US addressed loans - <$1MM | 1,289 | $117,171 | $90,901 |
Commercial & Industrial, US addressed loans - <$100k | 682 | $15,946 | $23,381 |
Commercial & Industrial, US addressed loans - $100-250k | 298 | $24,479 | $82,144 |
Commercial & Industrial, US addressed loans - $250k-1MM | 309 | $76,746 | $248,369 |
Farmland loans - <$1MM | 278 | $33,615 | $120,917 |
Farmland loans - <$100k | 133 | $4,442 | $33,398 |
Farmland loans - $100-250k | 77 | $10,357 | $134,506 |
Farmland loans - $250k-1MM | 68 | $18,816 | $276,706 |
Agriculture operations loans - <$1MM | 83 | $2,538 | $30,578 |
Agriculture operations loans - <$100k | 80 | $2,255 | $28,188 |
Agriculture operations loans - $100-250k | 3 | $283 | $94,333 |