Pennian Bank Mortgage Rates, Fees & Info

Mifflintown, PA

LEI: 254900XY9IETIM2DL872

Tax ID: 23-0873877

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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

    Pennian Bank is a smaller bank specializing in Home Purchase loans. Pennian Bank has a high proportion of conventional loans. Their top markets by origination volume include: Harrisburg, Pittsburgh, Lewistown, York, and Lancaster among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Pennian Bank has an 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.

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    Originations

    146

    Origination Dollar Volume (All Markets)

    $14,980,000

    Employee count

    103

    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
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 59 $7,225,000 $122,458 $0 0.00%
    Outside of Metro Areas 80 $7,020,000 $87,750 $0 0.00%
    PITTSBURGH, PA (FHA|USDA|VA) 1 $505,000 $505,000 $0 0.00%
    Lewistown, PA (FHA|USDA|VA) 4 $150,000 $37,500 $0 0.00%
    YORK-HANOVER, PA (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
    LANCASTER, PA (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
    Pennian Bank's top markets include Harrisburg, Pittsburgh, Lewistown, York, and Lancaster among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 146 $14,980,000 $102,603 $0 0.00%

    For 2018, Pennian Bank's most frequently originated type of loan was Conventional, with 146 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 60 $8,490,000 $141,500 $0 0.00%
    Home Improvement 28 $1,250,000 $44,643 $0 0.00%
    Cash Out Refi 22 $2,000,000 $90,909 $0 0.00%
    Other 19 $1,185,000 $62,368 $0 0.00%
    Refi 17 $2,055,000 $120,882 $0 0.00%

    For 2018, Pennian Bank's most frequently cited loan purpose was Home Purchase, with 60 originations. The 2nd most popular reason was Home Improvement, with 28 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 146 $14,980,000 $102,603 $0 0.00%

    For 2018, Pennian Bank's most frequently cited loan duration was Other, with 146 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 88 $4,230,000 $48,068 $0 0.00%
    $100k-200k 39 $5,415,000 $138,846 $0 0.00%
    $200k-400k 18 $4,830,000 $268,333 $0 0.00%
    $400k-600k 1 $505,000 $505,000 $0 0.00%

    2018 saw Pennian Bank place emphasis on $100,000 or less loans with 88 originations, totaling $4,230,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 37 $2,775,000 $75,000 $0 0.00%
    $50k-75k 35 $2,725,000 $77,857 $0 0.00%
    $100k-150k 25 $3,375,000 $135,000 $0 0.00%
    $75k-100k 25 $2,475,000 $99,000 $0 0.00%
    $150k-250k 7 $805,000 $115,000 $0 0.00%
    $250k+ 5 $1,395,000 $279,000 $0 0.00%

    Pennian Bank lent most frequently to those with incomes in the $50k or less range, with 37 originations. The second most popular income band? $50k-75k, with 35 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 146 $14,980,000 $102,603 $0 0.00%

    Pennian Bank lent most frequently to those with DTI ratios of Exempt%, with 146 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 138 $13,870,000 $100,507 $0 0.00%
    Not applicable 6 $1,000,000 $166,667 $0 0.00%
    American Indian 1 $85,000 $85,000 $0 0.00%
    Native Hawaiian or Islander 1 $25,000 $25,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    79.64%

    Pennian Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    79.45%

    Pennian Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 146 $14,980,000 $102,603

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $350,000 $175,000
    Single Family (1-4 Units):Manufactured 7 $375,000 $53,571
    Single Family (1-4 Units):Site-Built 137 $14,255,000 $104,051

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Pennian Bank 2 North Main Street Mifflintown, PA 17059 Full Service B&M $92,701
    Pennian Bank 216 South Carlisle Street New Bloomfield, PA 17068 Full Service B&M $45,394
    Pennian Bank 22 Veterans Way Elliottsburg, PA 17024 Full Service B&M $33,938
    Pennian Bank 24021 Route 333 Thompsontown, PA 17094 Full Service B&M $52,324
    Pennian Bank 250 Tuscarora Path Ickesburg, PA 17037 Full Service B&M $15,644
    Pennian Bank 3544 Shermans Valley Road Loysville, PA 17047 Full Service B&M $14,800
    Pennian Bank 50 Stop Plaza Drive Mifflintown, PA 17059 Full Service B&M $56,241
    Pennian Bank 5201 Spring Road, Suite 5 Shermans Dale, PA 17090 Full Service B&M $15,128
    Pennian Bank 5804 William Penn Highway Mifflintown, PA 17059 Full Service B&M $52,068
    Pennian Bank 75 Red Hill Road Newport, PA 17074 Full Service B&M $30,609
    Pennian Bank 9775 Route 75 South East Waterford, PA 17021 Full Service B&M $9,229

    For 2018, Pennian Bank had 11 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $19,168
    Net interest income $15,150
    Total noninterest income $2,968
    Gross Fiduciary activities income $673
    Service charges on deposit accounts $745
    Trading account gains and fees $0
    Additional Noninterest Income $1,550
    Pre-tax net operating income $5,088
    Securities gains (or losses, -) $5
    Income before extraordinary items $4,417
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,417
    Minority interest net income $0
    Net income $4,417
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,412

    Pennian Bank's gross interest income from loans was $19,168,000.
    Pennian Bank's net interest income from loans was $15,150,000.
    Pennian Bank's fee based income from loans was $745,000.
    Pennian Bank's net income from loans was $4,417,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,018
    Provision for credit losses $345
    Total noninterest expense $12,685
    Salaries and employee benefits $6,591
    Premises and equipment expense $1,518
    Additional noninterest expense $4,576
    Applicable income taxes $676
    Net charge-offs $267
    Cash dividends $1,922

    Pennian Bank's interest expense for loans was $4,018,000.
    Pennian Bank's payroll and benefits expense were $6,591,000.
    Pennian Bank's property, plant and equipment expenses $1,518,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 1.0%
    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 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 $422,960
    Deposits held in domestic offices $422,960
    Deposits by Individuals, partnerships, and corporations $362,844
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $60,116
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $131,800
    Demand deposits $64,052
    Nontransaction accounts $291,160
    Money market deposit accounts (MMDAs) $63,334
    Other savings deposits (excluding MMDAs) $60,462
    Total time deposits $167,364
    Total time and savings deposits $358,908
    Noninterest-bearing deposits $64,052
    Interest-bearing deposits $358,908
    Retail deposits $404,961
    IRAs and Keogh plan accounts $35,510
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $510,723
    Cash & Balances due from depository institutions $11,326
    Interest-bearing balances $1,573
    Total securities $130,280
    Federal funds sold & reverse repurchase $0
    Net loans and leases $341,492
    Loan and leases loss allowance $3,786
    Trading account assets $0
    Bank premises and fixed assets $6,168
    Other real estate owned $42
    Goodwill and other intangibles $112
    All other assets $21,303

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $510,723
    Total Liabilities $460,627
    Total deposits $422,960
    Interest-bearing deposits $358,908
    Deposits held in domestic offices $422,960
    % insured (estimated) $83
    Federal funds purchased and repurchase agreements $2,670
    Trading liabilities $0
    Other borrowed funds $31,000
    Subordinated debt $0
    All other liabilities $3,997

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $341,492
    Loan and leases loss allowance $3,786
    Total loans and leases (domestic) $345,278
    All real estate loans $265,438
    Real estate loans in domestic offices $265,438
    Construction and development loans $15,101
    Residential 1-4 family construction $2,802
    Other construction, all land development and other land $12,299
    Loans secured by nonfarm nonresidential properties $50,602
    Nonfarm nonresidential secured by owner-occupied properties $27,881
    Commercial real estate & other non-farm, non-residential $22,721
    Multifamily residential real estate $6,864
    1-4 family residential loans $135,393
    Farmland loans $57,478
    Loans held in foreign offices $0
    Farm loans $7,087
    Commercial and industrial loans $37,448
    To non-U.S. addressees $0
    Loans to individuals $1,335
    Credit card loans $0
    Related Plans $129
    Consumer Auto Loans $65
    Other loans to individuals $1,141
    All other loans & leases $33,970
    Loans to foreign governments and official institutions $0
    Other loans $176
    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 $126
    Non 1-4 family restructured loans & leases $87
    Total loans and leases (foreign) $0

    Pennian Bank had $341,492,000 of loans outstanding in 2018. $265,438,000 of loans were in real estate loans. $15,101,000 of loans were in development loans. $6,864,000 of loans were in multifamily mortgage loans. $135,393,000 of loans were in 1-4 family mortgage loans. $7,087,000 of loans were in farm loans. $0 of loans were in credit card loans. $65,000 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 152 $24,235 $159,441
    Nonfarm, nonresidential loans - <$100k 47 $1,629 $34,660
    Nonfarm, nonresidential loans - $100-250k 62 $7,112 $114,710
    Nonfarm, nonresidential loans - $250k-1MM 43 $15,494 $360,326
    Commercial & Industrial, US addressed loans - <$1MM 479 $32,621 $68,102
    Commercial & Industrial, US addressed loans - <$100k 321 $7,338 $22,860
    Commercial & Industrial, US addressed loans - $100-250k 113 $13,339 $118,044
    Commercial & Industrial, US addressed loans - $250k-1MM 45 $11,944 $265,422
    Farmland loans - <$1MM 170 $20,408 $120,047
    Farmland loans - <$100k 88 $3,341 $37,966
    Farmland loans - $100-250k 45 $6,627 $147,267
    Farmland loans - $250k-1MM 37 $10,440 $282,162
    Agriculture operations loans - <$1MM 139 $5,478 $39,410
    Agriculture operations loans - <$100k 119 $2,542 $21,361
    Agriculture operations loans - $100-250k 15 $2,059 $137,267
    Agriculture operations loans - $250k-1MM 5 $877 $175,400