Prosper Bank Mortgage Rates, Fees & Info

Coatesville, PA

LEI: 254900U38QOOLJB8FS91

Tax ID: 23-1580399

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Mortgage Data

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

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

    Prosper 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.

    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.

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    Originations

    66

    Origination Dollar Volume (All Markets)

    $23,950,000

    Employee count

    41

    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) 32 $6,840,000 $213,750 $0 0.00%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $6,505,000 $6,505,000 $0 0.00%
    LANCASTER, PA (FHA|USDA|VA) 22 $5,320,000 $241,818 $0 0.00%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $2,705,000 $2,705,000 $0 0.00%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 5 $1,325,000 $265,000 $0 0.00%
    LEBANON, PA (FHA|USDA|VA) 3 $675,000 $225,000 $0 0.00%
    YORK-HANOVER, PA (FHA|USDA|VA) 1 $485,000 $485,000 $0 0.00%
    WILLIAMSPORT, PA (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
    Prosper Bank's top markets include Philadelphia, New York, Lancaster, Scranton, and Harrisburg among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 66 $23,950,000 $362,879 $0 0.00%

    For 2020, Prosper Bank's most frequently originated type of loan was Conventional, with 66 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 32 $16,500,000 $515,625 $0 0.00%
    Refi 28 $5,980,000 $213,571 $0 0.00%
    Home Improvement 4 $1,210,000 $302,500 $0 0.00%
    Other 2 $260,000 $130,000 $0 0.00%

    For 2020, Prosper Bank's most frequently cited loan purpose was Home Purchase, with 32 originations. The 2nd most popular reason was Refi, with 28 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 66 $23,950,000 $362,879 $0 0.00%

    For 2020, Prosper Bank's most frequently cited loan duration was Other, with 66 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 26 $6,610,000 $254,231 $0 0.00%
    $100k-200k 24 $3,670,000 $152,917 $0 0.00%
    $100,000 or less 6 $360,000 $60,000 $0 0.00%
    $400k-600k 5 $2,225,000 $445,000 $0 0.00%
    $600k-1MM 3 $1,875,000 $625,000 $0 0.00%
    $1MM+ 2 $9,210,000 $4,605,000 $0 0.00%

    2020 saw Prosper Bank place emphasis on $200k-400k loans with 26 originations, totaling $6,610,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 12 $3,610,000 $300,833 $0 0.00%
    $100k-150k 11 $3,365,000 $305,909 $0 0.00%
    $50k-75k 9 $1,625,000 $180,556 $0 0.00%
    $75k-100k 9 $1,645,000 $182,778 $0 0.00%
    $150k-250k 5 $1,435,000 $287,000 $0 0.00%
    $50k or less 2 $280,000 $140,000 $0 0.00%

    Prosper Bank lent most frequently to those with incomes in the $250k+ range, with 12 originations. The second most popular income band? $100k-150k, with 11 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 66 $23,950,000 $362,879 $0 0.00%

    Prosper Bank lent most frequently to those with DTI ratios of Exempt%, with 66 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 50 $11,900,000 $238,000 $0 0.00%
    Not applicable 14 $11,290,000 $806,429 $0 0.00%
    Asian 2 $760,000 $380,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.57%

    Prosper Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.36%

    Prosper Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 66 $23,950,000 $362,879

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 3 $3,115,000 $1,038,333
    Single Family (1-4 Units):Manufactured 2 $430,000 $215,000
    Single Family (1-4 Units):Site-Built 61 $20,405,000 $334,508

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    PROSPERITY BANCSHARES, INC. Conventional home mortgage Closing on a mortgage 2 28.6%
    PROSPERITY BANCSHARES, INC. Other type of mortgage Closing on a mortgage 1 14.3%
    PROSPERITY BANCSHARES, INC. Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 14.3%
    PROSPERITY BANCSHARES, INC. Home equity loan or line of credit (HELOC) Problem with a credit reporting company's investigation into an existing problem 1 14.3%
    PROSPERITY BANCSHARES, INC. Conventional home mortgage Trouble during payment process 1 14.3%
    PROSPERITY BANCSHARES, INC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 14.3%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Coatesville Savings Bank 1099 Georgetown Road Christiana, PA 17509 Full Service B&M $27,111
    Coatesville Savings Bank 126 South Third Street Oxford, PA 19363 Full Service B&M $37,870
    Coatesville Savings Bank 185 East Lincoln Highway Coatesville, PA 19320 Full Service B&M $77,279
    Coatesville Savings Bank 625 Robert Fulton Highway Quarryville, PA 17566 Full Service B&M $6,019
    Coatesville Savings Bank 695 West Main Street New Holland, PA 17557 Full Service B&M $62,082

    For 2020, Prosper Bank had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $9,064
    Net interest income $6,633
    Total noninterest income $648
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $128
    Trading account gains and fees $0
    Additional Noninterest Income $520
    Pre-tax net operating income $-573
    Securities gains (or losses, -) $18
    Income before extraordinary items $-415
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $-415
    Minority interest net income $0
    Net income $-415
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $-429

    Prosper Bank's gross interest income from loans was $9,064,000.
    Prosper Bank's net interest income from loans was $6,633,000.
    Prosper Bank's fee based income from loans was $128,000.
    Prosper Bank's net income from loans was $-415,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,431
    Provision for credit losses $760
    Total noninterest expense $7,094
    Salaries and employee benefits $3,469
    Premises and equipment expense $708
    Additional noninterest expense $2,917
    Applicable income taxes $-140
    Net charge-offs $-254
    Cash dividends $0

    Prosper Bank's interest expense for loans was $2,431,000.
    Prosper Bank's payroll and benefits expense were $3,469,000.
    Prosper Bank's property, plant and equipment expenses $708,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 8.0%
    Nonfarm, nonresidential loans 1.0%
    Multifamily residential loans 1.0%
    1-4 family residential loans 1.0%
    HELOC loans 0.0%
    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 $231,416
    Deposits held in domestic offices $231,416
    Deposits by Individuals, partnerships, and corporations $204,583
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $14,361
    Deposits by Commercial banks and other depository institutions in U.S. $12,472
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $84,205
    Demand deposits $84,204
    Nontransaction accounts $147,211
    Money market deposit accounts (MMDAs) $42,933
    Other savings deposits (excluding MMDAs) $18,234
    Total time deposits $86,044
    Total time and savings deposits $147,212
    Noninterest-bearing deposits $22,082
    Interest-bearing deposits $209,334
    Retail deposits $219,425
    IRAs and Keogh plan accounts $19,651
    Brokered deposits $1,246
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $275,324
    Cash & Balances due from depository institutions $25,999
    Interest-bearing balances $25,518
    Total securities $26,741
    Federal funds sold & reverse repurchase $24,592
    Net loans and leases $186,045
    Loan and leases loss allowance $2,854
    Trading account assets $0
    Bank premises and fixed assets $2,106
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $9,841

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $275,324
    Total Liabilities $253,355
    Total deposits $231,416
    Interest-bearing deposits $209,334
    Deposits held in domestic offices $231,416
    % insured (estimated) $83
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $20,553
    Subordinated debt $0
    All other liabilities $1,386

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $186,045
    Loan and leases loss allowance $2,854
    Total loans and leases (domestic) $188,899
    All real estate loans $173,044
    Real estate loans in domestic offices $173,044
    Construction and development loans $7,371
    Residential 1-4 family construction $932
    Other construction, all land development and other land $6,439
    Loans secured by nonfarm nonresidential properties $45,102
    Nonfarm nonresidential secured by owner-occupied properties $5,968
    Commercial real estate & other non-farm, non-residential $39,134
    Multifamily residential real estate $6,837
    1-4 family residential loans $106,414
    Farmland loans $7,320
    Loans held in foreign offices $0
    Farm loans $229
    Commercial and industrial loans $8,515
    To non-U.S. addressees $0
    Loans to individuals $48
    Credit card loans $0
    Related Plans $4
    Consumer Auto Loans $0
    Other loans to individuals $44
    All other loans & leases $7,648
    Loans to foreign governments and official institutions $0
    Other loans $7,648
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $11,984
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $595
    Non 1-4 family restructured loans & leases $565
    Total loans and leases (foreign) $0

    Prosper Bank had $186,045,000 of loans outstanding in 2020. $173,044,000 of loans were in real estate loans. $7,371,000 of loans were in development loans. $6,837,000 of loans were in multifamily mortgage loans. $106,414,000 of loans were in 1-4 family mortgage loans. $229,000 of loans were in farm loans. $0 of loans were in credit card loans. $0 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 96 $23,362 $243,354
    Nonfarm, nonresidential loans - <$100k 15 $627 $41,800
    Nonfarm, nonresidential loans - $100-250k 32 $3,990 $124,688
    Nonfarm, nonresidential loans - $250k-1MM 49 $18,745 $382,551
    Commercial & Industrial, US addressed loans - <$1MM 61 $6,373 $104,475
    Commercial & Industrial, US addressed loans - <$100k 39 $995 $25,513
    Commercial & Industrial, US addressed loans - $100-250k 10 $1,262 $126,200
    Commercial & Industrial, US addressed loans - $250k-1MM 12 $4,116 $343,000
    Farmland loans - <$1MM 19 $1,911 $100,579
    Farmland loans - <$100k 11 $336 $30,545
    Farmland loans - $100-250k 4 $484 $121,000
    Farmland loans - $250k-1MM 4 $1,091 $272,750
    Agriculture operations loans - <$1MM 9 $229 $25,444
    Agriculture operations loans - <$100k 9 $229 $25,444