Mahopac Bank Mortgage Rates, Fees & Info

Mahopac, NY

LEI: 254900QLWNRZD8ZK6O36

Tax ID: 14-0855737

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

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 Cash Out Refi, Home Purchase, and Refi loans. Mahopac Bank has a high proportion of conventional loans. Their top markets by origination volume include: New York, Poughkeepsie, Bridgeport, Torrington, and Hudson 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.

    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.


    Originations

    217

    Origination Dollar Volume (All Markets)

    $101,015,000

    Employee count

    112

    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) 153 $74,765,000 $488,660 $0 0.00%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 41 $15,075,000 $367,683 $0 0.00%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 15 $5,605,000 $373,667 $0 0.00%
    Torrington, CT (FHA|USDA|VA) 4 $4,590,000 $1,147,500 $0 0.00%
    Hudson, NY (FHA|USDA|VA) 1 $415,000 $415,000 $0 0.00%
    KINGSTON, NY (FHA|USDA|VA) 1 $285,000 $285,000 $0 0.00%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
    ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
    Mahopac Bank's top markets include New York, Poughkeepsie, Bridgeport, Torrington, and Hudson 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 217 $101,015,000 $465,507 $0 0.00%

    For 2020, Mahopac Bank's most frequently originated type of loan was Conventional, with 217 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 87 $36,345,000 $417,759 $0 0.00%
    Home Purchase 82 $40,490,000 $493,780 $0 0.00%
    Refi 43 $22,425,000 $521,512 $0 0.00%
    Home Improvement 3 $1,315,000 $438,333 $0 0.00%
    Other 2 $440,000 $220,000 $0 0.00%

    For 2020, Mahopac Bank's most frequently cited loan purpose was Cash Out Refi, with 87 originations. The 2nd most popular reason was Home Purchase, with 82 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 217 $101,015,000 $465,507 $0 0.00%

    For 2020, Mahopac Bank's most frequently cited loan duration was Other, with 217 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 91 $25,915,000 $284,780 $0 0.00%
    $400k-600k 60 $29,740,000 $495,667 $0 0.00%
    $100k-200k 26 $3,870,000 $148,846 $0 0.00%
    $600k-1MM 22 $16,500,000 $750,000 $0 0.00%
    $1MM+ 13 $24,705,000 $1,900,385 $0 0.00%
    $100,000 or less 5 $285,000 $57,000 $0 0.00%

    2020 saw Mahopac Bank place emphasis on $200k-400k loans with 91 originations, totaling $25,915,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 62 $25,290,000 $407,903 $0 0.00%
    $100k-150k 50 $14,960,000 $299,200 $0 0.00%
    $250k+ 39 $24,595,000 $630,641 $0 0.00%
    $50k-75k 19 $4,195,000 $220,789 $0 0.00%
    $75k-100k 19 $4,865,000 $256,053 $0 0.00%
    $50k or less 3 $335,000 $111,667 $0 0.00%

    Mahopac Bank lent most frequently to those with incomes in the $150k-250k range, with 62 originations. The second most popular income band? $100k-150k, with 50 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 217 $101,015,000 $465,507 $0 0.00%

    Mahopac Bank lent most frequently to those with DTI ratios of Exempt%, with 217 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 145 $57,675,000 $397,759 $0 0.00%
    Not applicable 25 $26,775,000 $1,071,000 $0 0.00%
    Not provided 42 $13,790,000 $328,333 $0 0.00%
    Asian 4 $2,530,000 $632,500 $0 0.00%
    Black 1 $245,000 $245,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.03%

    Mahopac Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    93.55%

    Mahopac Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 217 $101,015,000 $465,507

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 15 $19,445,000 $1,296,333
    Single Family (1-4 Units):Site-Built 202 $81,570,000 $403,812

    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 $46,651
    Mahopac Bank 1086 North Broadway Yonkers, NY 10701 Full Service B&M $50,573
    Mahopac Bank 1281 Route 9 Wappingers Falls, NY 12590 Full Service B&M $70,818
    Mahopac Bank 1441 Route 22 Brewster, NY 10509 Full Service B&M $144,662
    Mahopac Bank 2 Church Street Ossining, NY 10562 Full Service B&M $28,958
    Mahopac Bank 21 Peekskill Hollow Road/Oregon Corners Putnam Valley, NY 10579 Full Service B&M $95,341
    Mahopac Bank 293 Lexington Avenue Mount Kisco, NY 10549 Full Service B&M $108,042
    Mahopac Bank 49 Beekman Avenue Sleepy Hollow, NY 10591 Full Service B&M $90,980
    Mahopac Bank 501 Marble Avenue Pleasantville, NY 10570 Full Service B&M $61,331
    Mahopac Bank 591 Route 6-N Mahopac Falls, NY 10542 Full Service B&M $98,759
    Mahopac Bank 630 Route 6 Mahopac, NY 10541 Full Service B&M $245,118
    Mahopac Bank 706 Freedom Plains Road Poughkeepsie, NY 12603 Full Service B&M $66,278
    Mahopac Bank 766 Yonkers Avenue Yonkers, NY 10704 Full Service B&M $91,422
    Mahopac Bank 831 Route 82 Hopewell Junction, NY 12533 Full Service B&M $106,612

    For 2020, Mahopac Bank had 14 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $52,610
    Net interest income $47,915
    Total noninterest income $4,278
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,427
    Trading account gains and fees $0
    Additional Noninterest Income $2,851
    Pre-tax net operating income $15,840
    Securities gains (or losses, -) $245
    Income before extraordinary items $12,569
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $12,569
    Minority interest net income $8
    Net income $12,561
    Sale, conversion, retirement of capital stock, net $520
    Net operating income $12,375

    Mahopac Bank's gross interest income from loans was $52,610,000.
    Mahopac Bank's net interest income from loans was $47,915,000.
    Mahopac Bank's fee based income from loans was $1,427,000.
    Mahopac Bank's net income from loans was $12,561,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,695
    Provision for credit losses $3,578
    Total noninterest expense $32,775
    Salaries and employee benefits $13,184
    Premises and equipment expense $3,389
    Additional noninterest expense $16,202
    Applicable income taxes $3,516
    Net charge-offs $70
    Cash dividends $10,211

    Mahopac Bank's interest expense for loans was $4,695,000.
    Mahopac Bank's payroll and benefits expense were $13,184,000.
    Mahopac Bank's property, plant and equipment expenses $3,389,000.

    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 $1,252,442
    Deposits held in domestic offices $1,252,442
    Deposits by Individuals, partnerships, and corporations $1,131,926
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $119,975
    Deposits by Commercial banks and other depository institutions in U.S. $541
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $150,702
    Demand deposits $138,404
    Nontransaction accounts $1,101,740
    Money market deposit accounts (MMDAs) $982,908
    Other savings deposits (excluding MMDAs) $5,220
    Total time deposits $113,612
    Total time and savings deposits $1,114,038
    Noninterest-bearing deposits $471,594
    Interest-bearing deposits $780,848
    Retail deposits $1,160,438
    IRAs and Keogh plan accounts $12,928
    Brokered deposits $54,815
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,462,936
    Cash & Balances due from depository institutions $20,846
    Interest-bearing balances $6,102
    Total securities $274,308
    Federal funds sold & reverse repurchase $0
    Net loans and leases $1,094,704
    Loan and leases loss allowance $11,212
    Trading account assets $0
    Bank premises and fixed assets $22,011
    Other real estate owned $0
    Goodwill and other intangibles $23,772
    All other assets $27,295

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,462,936
    Total Liabilities $1,315,702
    Total deposits $1,252,442
    Interest-bearing deposits $780,848
    Deposits held in domestic offices $1,252,442
    % insured (estimated) $65
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $45,000
    Subordinated debt $0
    All other liabilities $18,260

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,094,704
    Loan and leases loss allowance $11,212
    Total loans and leases (domestic) $1,105,916
    All real estate loans $865,187
    Real estate loans in domestic offices $865,187
    Construction and development loans $38,840
    Residential 1-4 family construction $3,502
    Other construction, all land development and other land $35,338
    Loans secured by nonfarm nonresidential properties $419,239
    Nonfarm nonresidential secured by owner-occupied properties $152,100
    Commercial real estate & other non-farm, non-residential $267,139
    Multifamily residential real estate $72,013
    1-4 family residential loans $334,607
    Farmland loans $488
    Loans held in foreign offices $0
    Farm loans $95
    Commercial and industrial loans $208,071
    To non-U.S. addressees $0
    Loans to individuals $28,852
    Credit card loans $0
    Related Plans $330
    Consumer Auto Loans $137
    Other loans to individuals $28,385
    All other loans & leases $3,711
    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 $1,742
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Mahopac Bank had $1,094,704,000 of loans outstanding in 2020. $865,187,000 of loans were in real estate loans. $38,840,000 of loans were in development loans. $72,013,000 of loans were in multifamily mortgage loans. $334,607,000 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. $137,000 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 285 $91,557 $321,253
    Nonfarm, nonresidential loans - <$100k 6 $114 $19,000
    Nonfarm, nonresidential loans - $100-250k 58 $7,485 $129,052
    Nonfarm, nonresidential loans - $250k-1MM 221 $83,958 $379,900
    Commercial & Industrial, US addressed loans - <$1MM 1,370 $151,283 $110,426
    Commercial & Industrial, US addressed loans - <$100k 843 $28,797 $34,160
    Commercial & Industrial, US addressed loans - $100-250k 293 $38,768 $132,314
    Commercial & Industrial, US addressed loans - $250k-1MM 234 $83,718 $357,769
    Farmland loans - <$1MM 3 $488 $162,667
    Farmland loans - <$100k 1 $71 $71,000
    Farmland loans - $250k-1MM 2 $417 $208,500
    Agriculture operations loans - <$1MM 1 $95 $95,000
    Agriculture operations loans - <$100k 1 $95 $95,000