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, New Haven, and Norwich 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

    136

    Origination Dollar Volume (All Markets)

    $54,790,000

    Employee count

    119

    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) 95 $39,305,000 $413,737 $0 0.00%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 26 $7,960,000 $306,154 $0 0.00%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 8 $4,820,000 $602,500 $0 0.00%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $1,435,000 $1,435,000 $0 0.00%
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) 2 $580,000 $290,000 $0 0.00%
    Torrington, CT (FHA|USDA|VA) 1 $465,000 $465,000 $0 0.00%
    KINGSTON, NY (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 2 $110,000 $55,000 $0 0.00%
    Mahopac Bank's top markets include New York, Poughkeepsie, Bridgeport, New Haven, and Norwich 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 136 $54,790,000 $402,868 $0 0.00%

    For 2019, Mahopac Bank's most frequently originated type of loan was Conventional, with 136 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 65 $29,675,000 $456,538 $0 0.00%
    Cash Out Refi 40 $16,700,000 $417,500 $0 0.00%
    Refi 20 $6,510,000 $325,500 $0 0.00%
    Home Improvement 7 $1,455,000 $207,857 $0 0.00%
    Other 4 $450,000 $112,500 $0 0.00%

    For 2019, Mahopac Bank's most frequently cited loan purpose was Home Purchase, with 65 originations. The 2nd most popular reason was Cash Out Refi, with 40 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 136 $54,790,000 $402,868 $0 0.00%

    For 2019, Mahopac Bank's most frequently cited loan duration was Other, with 136 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 60 $18,110,000 $301,833 $0 0.00%
    $400k-600k 28 $13,560,000 $484,286 $0 0.00%
    $100k-200k 19 $2,985,000 $157,105 $0 0.00%
    $600k-1MM 15 $11,405,000 $760,333 $0 0.00%
    $100,000 or less 10 $680,000 $68,000 $0 0.00%
    $1MM+ 4 $8,050,000 $2,012,500 $0 0.00%

    2019 saw Mahopac Bank place emphasis on $200k-400k loans with 60 originations, totaling $18,110,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 32 $9,620,000 $300,625 $0 0.00%
    $150k-250k 31 $11,245,000 $362,742 $0 0.00%
    $250k+ 24 $13,450,000 $560,417 $0 0.00%
    $75k-100k 13 $2,875,000 $221,154 $0 0.00%
    $50k-75k 12 $1,860,000 $155,000 $0 0.00%
    $50k or less 3 $415,000 $138,333 $0 0.00%

    Mahopac Bank lent most frequently to those with incomes in the $100k-150k range, with 32 originations. The second most popular income band? $150k-250k, with 31 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 136 $54,790,000 $402,868 $0 0.00%

    Mahopac Bank lent most frequently to those with DTI ratios of Exempt%, with 136 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 75 $26,895,000 $358,600 $0 0.00%
    Not applicable 17 $14,145,000 $832,059 $0 0.00%
    Not provided 38 $11,770,000 $309,737 $0 0.00%
    Black 5 $1,735,000 $347,000 $0 0.00%
    Asian 1 $245,000 $245,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.51%

    Mahopac Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    94.85%

    Mahopac Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 136 $54,790,000 $402,868

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 6 $8,070,000 $1,345,000
    Single Family (1-4 Units):Site-Built 130 $46,720,000 $359,385

    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 $43,435
    Mahopac Bank 1086 North Broadway Yonkers, NY 10701 Full Service B&M $40,946
    Mahopac Bank 1281 Route 9 Wappingers Falls, NY 12590 Full Service B&M $56,266
    Mahopac Bank 1441 Route 22 Brewster, NY 10509 Full Service B&M $101,422
    Mahopac Bank 2 Church Street Ossining, NY 10562 Full Service B&M $23,037
    Mahopac Bank 21 Peekskill Hollow Road/Oregon Corners Putnam Valley, NY 10579 Full Service B&M $79,786
    Mahopac Bank 293 Lexington Avenue Mount Kisco, NY 10549 Full Service B&M $92,826
    Mahopac Bank 49 Beekman Avenue Sleepy Hollow, NY 10591 Full Service B&M $83,539
    Mahopac Bank 501 Marble Avenue Pleasantville, NY 10570 Full Service B&M $49,441
    Mahopac Bank 591 Route 6-N Mahopac Falls, NY 10542 Full Service B&M $78,986
    Mahopac Bank 630 Route 6 Mahopac, NY 10541 Full Service B&M $163,606
    Mahopac Bank 706 Freedom Plains Road Poughkeepsie, NY 12603 Full Service B&M $52,037
    Mahopac Bank 766 Yonkers Avenue Yonkers, NY 10704 Full Service B&M $78,193
    Mahopac Bank 831 Route 82 Hopewell Junction, NY 12533 Full Service B&M $81,369

    For 2019, Mahopac Bank had 14 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $53,834
    Net interest income $45,247
    Total noninterest income $5,182
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,927
    Trading account gains and fees $0
    Additional Noninterest Income $3,255
    Pre-tax net operating income $19,946
    Securities gains (or losses, -) $-133
    Income before extraordinary items $15,430
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $15,430
    Minority interest net income $5
    Net income $15,425
    Sale, conversion, retirement of capital stock, net $478
    Net operating income $15,535

    Mahopac Bank's gross interest income from loans was $53,834,000.
    Mahopac Bank's net interest income from loans was $45,247,000.
    Mahopac Bank's fee based income from loans was $1,927,000.
    Mahopac Bank's net income from loans was $15,425,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $8,587
    Provision for credit losses $-435
    Total noninterest expense $30,918
    Salaries and employee benefits $12,803
    Premises and equipment expense $3,318
    Additional noninterest expense $14,797
    Applicable income taxes $4,383
    Net charge-offs $296
    Cash dividends $13,276

    Mahopac Bank's interest expense for loans was $8,587,000.
    Mahopac Bank's payroll and benefits expense were $12,803,000.
    Mahopac Bank's property, plant and equipment expenses $3,318,000.

    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 1.0%
    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 $999,670
    Deposits held in domestic offices $999,670
    Deposits by Individuals, partnerships, and corporations $886,633
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $112,349
    Deposits by Commercial banks and other depository institutions in U.S. $688
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $94,297
    Demand deposits $79,776
    Nontransaction accounts $905,373
    Money market deposit accounts (MMDAs) $788,848
    Other savings deposits (excluding MMDAs) $5,703
    Total time deposits $110,820
    Total time and savings deposits $919,894
    Noninterest-bearing deposits $360,816
    Interest-bearing deposits $638,854
    Retail deposits $967,449
    IRAs and Keogh plan accounts $12,250
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,338,214
    Cash & Balances due from depository institutions $12,326
    Interest-bearing balances $2,213
    Total securities $281,900
    Federal funds sold & reverse repurchase $0
    Net loans and leases $966,238
    Loan and leases loss allowance $11,177
    Trading account assets $0
    Bank premises and fixed assets $25,199
    Other real estate owned $0
    Goodwill and other intangibles $23,773
    All other assets $28,778

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,338,214
    Total Liabilities $1,199,922
    Total deposits $999,670
    Interest-bearing deposits $638,854
    Deposits held in domestic offices $999,670
    % insured (estimated) $54
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $193,838
    Subordinated debt $0
    All other liabilities $6,414

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $966,238
    Loan and leases loss allowance $11,177
    Total loans and leases (domestic) $977,415
    All real estate loans $798,789
    Real estate loans in domestic offices $798,789
    Construction and development loans $43,612
    Residential 1-4 family construction $3,314
    Other construction, all land development and other land $40,298
    Loans secured by nonfarm nonresidential properties $391,425
    Nonfarm nonresidential secured by owner-occupied properties $154,296
    Commercial real estate & other non-farm, non-residential $237,129
    Multifamily residential real estate $62,667
    1-4 family residential loans $300,570
    Farmland loans $515
    Loans held in foreign offices $0
    Farm loans $95
    Commercial and industrial loans $147,692
    To non-U.S. addressees $0
    Loans to individuals $26,971
    Credit card loans $0
    Related Plans $899
    Consumer Auto Loans $274
    Other loans to individuals $25,798
    All other loans & leases $3,868
    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 $1,791
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Mahopac Bank had $966,238,000 of loans outstanding in 2019. $798,789,000 of loans were in real estate loans. $43,612,000 of loans were in development loans. $62,667,000 of loans were in multifamily mortgage loans. $300,570,000 of loans were in 1-4 family mortgage loans. $95,000 of loans were in farm loans. $0 of loans were in credit card loans. $274,000 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 291 $90,544 $311,148
    Nonfarm, nonresidential loans - <$100k 8 $228 $28,500
    Nonfarm, nonresidential loans - $100-250k 62 $7,384 $119,097
    Nonfarm, nonresidential loans - $250k-1MM 221 $82,932 $375,258
    Commercial & Industrial, US addressed loans - <$1MM 872 $104,890 $120,287
    Commercial & Industrial, US addressed loans - <$100k 493 $18,208 $36,933
    Commercial & Industrial, US addressed loans - $100-250k 187 $23,763 $127,075
    Commercial & Industrial, US addressed loans - $250k-1MM 192 $62,919 $327,703
    Farmland loans - <$1MM 3 $515 $171,667
    Farmland loans - <$100k 1 $74 $74,000
    Farmland loans - $250k-1MM 2 $441 $220,500
    Agriculture operations loans - <$1MM 1 $95 $95,000
    Agriculture operations loans - <$100k 1 $95 $95,000