Mahopac Bank Mortgage Rates, Fees & Info

Mahopac, NY

LEI: 254900QLWNRZD8ZK6O36

Tax ID: 14-0855737

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Mortgage Data

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

    Mahopac Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Mahopac Bank has a high proportion of conventional loans. Their top markets by origination volume include: New York, Poughkeepsie, Bridgeport, Norwich, and Torrington among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Mahopac 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

    131

    Origination Dollar Volume (All Markets)

    $45,895,000

    Employee count

    124

    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) 93 $35,675,000 $383,602 $0 0.00%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 25 $5,995,000 $239,800 $0 0.00%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 8 $3,100,000 $387,500 $0 0.00%
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) 1 $445,000 $445,000 $0 0.00%
    Torrington, CT (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
    Hudson, NY (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
    Outside of Metro Areas 1 $145,000 $145,000 $0 0.00%
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
    Mahopac Bank's top markets include New York, Poughkeepsie, Bridgeport, Norwich, and Torrington among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 131 $45,895,000 $350,344 $0 0.00%

    For 2018, Mahopac Bank's most frequently originated type of loan was Conventional, with 131 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 73 $25,295,000 $346,507 $0 0.00%
    Cash Out Refi 30 $12,790,000 $426,333 $0 0.00%
    Refi 14 $5,880,000 $420,000 $0 0.00%
    Other 8 $1,250,000 $156,250 $0 0.00%
    Home Improvement 6 $680,000 $113,333 $0 0.00%

    For 2018, Mahopac Bank's most frequently cited loan purpose was Home Purchase, with 73 originations. The 2nd most popular reason was Cash Out Refi, with 30 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 131 $45,895,000 $350,344 $0 0.00%

    For 2018, Mahopac Bank's most frequently cited loan duration was Other, with 131 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 45 $13,115,000 $291,444 $0 0.00%
    $400k-600k 30 $14,980,000 $499,333 $0 0.00%
    $100k-200k 27 $4,225,000 $156,481 $0 0.00%
    $100,000 or less 15 $865,000 $57,667 $0 0.00%
    $600k-1MM 12 $8,770,000 $730,833 $0 0.00%
    $1MM+ 2 $3,940,000 $1,970,000 $0 0.00%

    2018 saw Mahopac Bank place emphasis on $200k-400k loans with 45 originations, totaling $13,115,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 30 $9,360,000 $312,000 $0 0.00%
    $150k-250k 27 $9,455,000 $350,185 $0 0.00%
    $250k+ 20 $11,290,000 $564,500 $0 0.00%
    $50k-75k 20 $3,020,000 $151,000 $0 0.00%
    $75k-100k 11 $3,115,000 $283,182 $0 0.00%
    $50k or less 5 $515,000 $103,000 $0 0.00%

    Mahopac Bank lent most frequently to those with incomes in the $100k-150k range, with 30 originations. The second most popular income band? $150k-250k, with 27 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 131 $45,895,000 $350,344 $0 0.00%

    Mahopac Bank lent most frequently to those with DTI ratios of Exempt%, with 131 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 73 $22,725,000 $311,301 $0 0.00%
    Not provided 40 $14,340,000 $358,500 $0 0.00%
    Not applicable 13 $8,205,000 $631,154 $0 0.00%
    Asian 2 $310,000 $155,000 $0 0.00%
    Black 2 $200,000 $100,000 $0 0.00%
    American Indian 1 $115,000 $115,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.92%

    Mahopac Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    93.89%

    Mahopac Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 131 $45,895,000 $350,344

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 5 $4,915,000 $983,000
    Single Family (1-4 Units):Site-Built 126 $40,980,000 $325,238

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Mahopac Bank 100 Independent Way (Rte 312) Brewster, NY 10509 Full Service B&M $48,946
    Mahopac Bank 1086 North Broadway Yonkers, NY 10701 Full Service B&M $40,445
    Mahopac Bank 1283 Route 9 Wappingers Falls, NY 12590 Full Service B&M $46,969
    Mahopac Bank 1441 Route 22 Brewster, NY 10509 Full Service B&M $88,700
    Mahopac Bank 2 Church Street Ossining, NY 10562 Full Service B&M $24,063
    Mahopac Bank 21 Peekskill Hollow Road/Oregon Corners Putnam Valley, NY 10579 Full Service B&M $76,632
    Mahopac Bank 293 Lexington Avenue Mount Kisco, NY 10549 Full Service B&M $88,955
    Mahopac Bank 49 Beekman Avenue Sleepy Hollow, NY 10591 Full Service B&M $86,804
    Mahopac Bank 501 Marble Avenue Pleasantville, NY 10570 Full Service B&M $47,753
    Mahopac Bank 591 Route 6-N Mahopac Falls, NY 10542 Full Service B&M $77,688
    Mahopac Bank 630 Route 6 Mahopac, NY 10541 Full Service B&M $157,352
    Mahopac Bank 706 Freedom Plains Road Poughkeepsie, NY 12603 Full Service B&M $52,469
    Mahopac Bank 766 Yonkers Avenue Yonkers, NY 10704 Full Service B&M $78,220
    Mahopac Bank 831 Route 82 Hopewell Junction, NY 12533 Full Service B&M $81,460

    For 2018, Mahopac Bank had 14 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $53,032
    Net interest income $45,489
    Total noninterest income $5,347
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,857
    Trading account gains and fees $0
    Additional Noninterest Income $3,490
    Pre-tax net operating income $19,401
    Securities gains (or losses, -) $-316
    Income before extraordinary items $14,887
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $14,887
    Minority interest net income $5
    Net income $14,882
    Sale, conversion, retirement of capital stock, net $385
    Net operating income $15,136

    Mahopac Bank's gross interest income from loans was $53,032,000.
    Mahopac Bank's net interest income from loans was $45,489,000.
    Mahopac Bank's fee based income from loans was $1,857,000.
    Mahopac Bank's net income from loans was $14,882,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $7,543
    Provision for credit losses $523
    Total noninterest expense $30,912
    Salaries and employee benefits $12,400
    Premises and equipment expense $3,454
    Additional noninterest expense $15,058
    Applicable income taxes $4,198
    Net charge-offs $269
    Cash dividends $6,930

    Mahopac Bank's interest expense for loans was $7,543,000.
    Mahopac Bank's payroll and benefits expense were $12,400,000.
    Mahopac Bank's property, plant and equipment expenses $3,454,000.

    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 1.0%
    HELOC loans 1.0%
    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 $963,844
    Deposits held in domestic offices $963,844
    Deposits by Individuals, partnerships, and corporations $845,351
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $118,473
    Deposits by Commercial banks and other depository institutions in U.S. $20
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $88,919
    Demand deposits $80,540
    Nontransaction accounts $874,925
    Money market deposit accounts (MMDAs) $765,707
    Other savings deposits (excluding MMDAs) $5,415
    Total time deposits $103,802
    Total time and savings deposits $883,304
    Noninterest-bearing deposits $353,064
    Interest-bearing deposits $610,779
    Retail deposits $931,311
    IRAs and Keogh plan accounts $12,284
    Brokered deposits $9,856
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,365,184
    Cash & Balances due from depository institutions $13,036
    Interest-bearing balances $642
    Total securities $322,410
    Federal funds sold & reverse repurchase $0
    Net loans and leases $956,091
    Loan and leases loss allowance $11,908
    Trading account assets $0
    Bank premises and fixed assets $14,239
    Other real estate owned $0
    Goodwill and other intangibles $23,791
    All other assets $35,617

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,365,185
    Total Liabilities $1,234,985
    Total deposits $963,844
    Interest-bearing deposits $610,779
    Deposits held in domestic offices $963,844
    % insured (estimated) $65
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $265,400
    Subordinated debt $0
    All other liabilities $5,741

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $956,091
    Loan and leases loss allowance $11,908
    Total loans and leases (domestic) $967,999
    All real estate loans $787,236
    Real estate loans in domestic offices $787,236
    Construction and development loans $37,130
    Residential 1-4 family construction $2,140
    Other construction, all land development and other land $34,990
    Loans secured by nonfarm nonresidential properties $387,641
    Nonfarm nonresidential secured by owner-occupied properties $151,258
    Commercial real estate & other non-farm, non-residential $236,383
    Multifamily residential real estate $71,358
    1-4 family residential loans $290,566
    Farmland loans $541
    Loans held in foreign offices $0
    Farm loans $63
    Commercial and industrial loans $150,354
    To non-U.S. addressees $0
    Loans to individuals $26,241
    Credit card loans $0
    Related Plans $463
    Consumer Auto Loans $273
    Other loans to individuals $25,505
    All other loans & leases $4,105
    Loans to foreign governments and official institutions $0
    Other loans $0
    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 $1,664
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Mahopac Bank had $956,091,000 of loans outstanding in 2018. $787,236,000 of loans were in real estate loans. $37,130,000 of loans were in development loans. $71,358,000 of loans were in multifamily mortgage loans. $290,566,000 of loans were in 1-4 family mortgage loans. $63,000 of loans were in farm loans. $0 of loans were in credit card loans. $273,000 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 304 $96,200 $316,447
    Nonfarm, nonresidential loans - <$100k 11 $363 $33,000
    Nonfarm, nonresidential loans - $100-250k 60 $7,239 $120,650
    Nonfarm, nonresidential loans - $250k-1MM 233 $88,598 $380,249
    Commercial & Industrial, US addressed loans - <$1MM 875 $107,318 $122,649
    Commercial & Industrial, US addressed loans - <$100k 505 $17,113 $33,887
    Commercial & Industrial, US addressed loans - $100-250k 185 $23,140 $125,081
    Commercial & Industrial, US addressed loans - $250k-1MM 185 $67,065 $362,514
    Farmland loans - <$1MM 3 $541 $180,333
    Farmland loans - <$100k 1 $77 $77,000
    Farmland loans - $250k-1MM 2 $464 $232,000
    Agriculture operations loans - <$1MM 1 $50 $50,000
    Agriculture operations loans - <$100k 1 $50 $50,000