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 and Refi loans. Pennian Bank has a high proportion of conventional loans. Their top markets by origination volume include: Harrisburg, York, Sayre, Lancaster, and Gettysburg among others. We have data for 8 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

    160

    Origination Dollar Volume (All Markets)

    $42,880,000

    Employee count

    109

    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) 84 $23,740,000 $282,619 $0 0.00%
    Outside of Metro Areas 48 $7,960,000 $165,833 $0 0.00%
    YORK-HANOVER, PA (FHA|USDA|VA) 16 $5,130,000 $320,625 $0 0.00%
    Sayre, PA (FHA|USDA|VA) 2 $2,760,000 $1,380,000 $0 0.00%
    LANCASTER, PA (FHA|USDA|VA) 5 $2,265,000 $453,000 $0 0.00%
    GETTYSBURG, PA (FHA|USDA|VA) 1 $475,000 $475,000 $0 0.00%
    Lewistown, PA (FHA|USDA|VA) 3 $445,000 $148,333 $0 0.00%
    DuBois, PA (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
    Pennian Bank's top markets include Harrisburg, York, Sayre, Lancaster, and Gettysburg among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 160 $42,880,000 $268,000 $0 0.00%

    For 2020, Pennian Bank's most frequently originated type of loan was Conventional, with 160 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 78 $21,060,000 $270,000 $0 0.00%
    Refi 71 $20,945,000 $295,000 $0 0.00%
    Home Improvement 7 $685,000 $97,857 $0 0.00%
    Other 4 $190,000 $47,500 $0 0.00%

    For 2020, Pennian Bank's most frequently cited loan purpose was Home Purchase, with 78 originations. The 2nd most popular reason was Refi, with 71 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 160 $42,880,000 $268,000 $0 0.00%

    For 2020, Pennian Bank's most frequently cited loan duration was Other, with 160 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 67 $9,625,000 $143,657 $0 0.00%
    $100,000 or less 37 $2,105,000 $56,892 $0 0.00%
    $200k-400k 37 $9,615,000 $259,865 $0 0.00%
    $400k-600k 9 $4,275,000 $475,000 $0 0.00%
    $1MM+ 8 $15,710,000 $1,963,750 $0 0.00%
    $600k-1MM 2 $1,550,000 $775,000 $0 0.00%

    2020 saw Pennian Bank place emphasis on $100k-200k loans with 67 originations, totaling $9,625,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 28 $4,070,000 $145,357 $0 0.00%
    $100k-150k 24 $4,180,000 $174,167 $0 0.00%
    $50k or less 20 $1,600,000 $80,000 $0 0.00%
    $75k-100k 17 $2,735,000 $160,882 $0 0.00%
    $150k-250k 8 $2,560,000 $320,000 $0 0.00%
    $250k+ 7 $1,785,000 $255,000 $0 0.00%

    Pennian Bank lent most frequently to those with incomes in the $50k-75k range, with 28 originations. The second most popular income band? $100k-150k, with 24 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 160 $42,880,000 $268,000 $0 0.00%

    Pennian Bank lent most frequently to those with DTI ratios of Exempt%, with 160 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 53 $25,385,000 $478,962 $0 0.00%
    White 107 $17,495,000 $163,505 $0 0.00%

    Approval Rates

    Total approvals of all applications
    82.51%

    Pennian Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    85.00%

    Pennian Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 160 $42,880,000 $268,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 3 $3,015,000 $1,005,000
    Multifamily:Site-Built 14 $14,750,000 $1,053,571
    Single Family (1-4 Units):Manufactured 11 $695,000 $63,182
    Single Family (1-4 Units):Site-Built 132 $24,420,000 $185,000

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Pennian Bank 2 North Main Street Mifflintown, PA 17059 Full Service B&M $64,062
    Pennian Bank 216 South Carlisle Street New Bloomfield, PA 17068 Full Service B&M $46,694
    Pennian Bank 22 Veterans Way Elliottsburg, PA 17024 Full Service B&M $28,192
    Pennian Bank 24021 Route 333 Thompsontown, PA 17094 Full Service B&M $57,732
    Pennian Bank 250 Tuscarora Path Ickesburg, PA 17037 Full Service B&M $20,323
    Pennian Bank 3544 Shermans Valley Road Loysville, PA 17047 Full Service B&M $20,401
    Pennian Bank 50 Stop Plaza Drive Mifflintown, PA 17059 Full Service B&M $72,333
    Pennian Bank 5201 Spring Road, Suite 5 Shermans Dale, PA 17090 Full Service B&M $15,226
    Pennian Bank 559 North 12th Street Lemoyne, PA 17043 Full Service B&M $28,410
    Pennian Bank 5804 William Penn Highway Mifflintown, PA 17059 Full Service B&M $60,094
    Pennian Bank 75 Red Hill Road Newport, PA 17074 Full Service B&M $60,185
    Pennian Bank 9775 Route 75 South East Waterford, PA 17021 Full Service B&M $9,588

    For 2020, Pennian Bank had 12 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $20,040
    Net interest income $15,796
    Total noninterest income $3,111
    Gross Fiduciary activities income $705
    Service charges on deposit accounts $574
    Trading account gains and fees $0
    Additional Noninterest Income $1,832
    Pre-tax net operating income $4,457
    Securities gains (or losses, -) $249
    Income before extraordinary items $4,162
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,162
    Minority interest net income $0
    Net income $4,162
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,942

    Pennian Bank's gross interest income from loans was $20,040,000.
    Pennian Bank's net interest income from loans was $15,796,000.
    Pennian Bank's fee based income from loans was $574,000.
    Pennian Bank's net income from loans was $4,162,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,244
    Provision for credit losses $600
    Total noninterest expense $13,850
    Salaries and employee benefits $7,352
    Premises and equipment expense $1,714
    Additional noninterest expense $4,784
    Applicable income taxes $544
    Net charge-offs $-47
    Cash dividends $2,176

    Pennian Bank's interest expense for loans was $4,244,000.
    Pennian Bank's payroll and benefits expense were $7,352,000.
    Pennian Bank's property, plant and equipment expenses $1,714,000.

    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 0.0%
    Nonfarm, nonresidential loans 2.0%
    Multifamily residential loans 0.0%
    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 $494,583
    Deposits held in domestic offices $494,583
    Deposits by Individuals, partnerships, and corporations $435,171
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $59,412
    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 $193,339
    Demand deposits $92,319
    Nontransaction accounts $301,244
    Money market deposit accounts (MMDAs) $66,707
    Other savings deposits (excluding MMDAs) $116,785
    Total time deposits $117,750
    Total time and savings deposits $402,264
    Noninterest-bearing deposits $92,319
    Interest-bearing deposits $402,264
    Retail deposits $483,091
    IRAs and Keogh plan accounts $36,680
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $606,829
    Cash & Balances due from depository institutions $29,305
    Interest-bearing balances $21,137
    Total securities $168,395
    Federal funds sold & reverse repurchase $7
    Net loans and leases $380,726
    Loan and leases loss allowance $4,566
    Trading account assets $0
    Bank premises and fixed assets $5,737
    Other real estate owned $0
    Goodwill and other intangibles $28
    All other assets $22,631

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $606,829
    Total Liabilities $547,519
    Total deposits $494,583
    Interest-bearing deposits $402,264
    Deposits held in domestic offices $494,583
    % insured (estimated) $80
    Federal funds purchased and repurchase agreements $3,827
    Trading liabilities $0
    Other borrowed funds $44,000
    Subordinated debt $0
    All other liabilities $5,109

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $380,726
    Loan and leases loss allowance $4,566
    Total loans and leases (domestic) $385,292
    All real estate loans $293,988
    Real estate loans in domestic offices $293,988
    Construction and development loans $13,323
    Residential 1-4 family construction $5,351
    Other construction, all land development and other land $7,972
    Loans secured by nonfarm nonresidential properties $76,692
    Nonfarm nonresidential secured by owner-occupied properties $34,107
    Commercial real estate & other non-farm, non-residential $42,585
    Multifamily residential real estate $18,286
    1-4 family residential loans $136,801
    Farmland loans $48,886
    Loans held in foreign offices $0
    Farm loans $5,813
    Commercial and industrial loans $59,154
    To non-U.S. addressees $0
    Loans to individuals $1,575
    Credit card loans $0
    Related Plans $605
    Consumer Auto Loans $40
    Other loans to individuals $930
    All other loans & leases $24,762
    Loans to foreign governments and official institutions $0
    Other loans $38
    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 $513
    Non 1-4 family restructured loans & leases $496
    Total loans and leases (foreign) $0

    Pennian Bank had $380,726,000 of loans outstanding in 2020. $293,988,000 of loans were in real estate loans. $13,323,000 of loans were in development loans. $18,286,000 of loans were in multifamily mortgage loans. $136,801,000 of loans were in 1-4 family mortgage loans. $5,813,000 of loans were in farm loans. $0 of loans were in credit card loans. $40,000 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 139 $26,134 $188,014
    Nonfarm, nonresidential loans - <$100k 34 $914 $26,882
    Nonfarm, nonresidential loans - $100-250k 55 $6,176 $112,291
    Nonfarm, nonresidential loans - $250k-1MM 50 $19,044 $380,880
    Commercial & Industrial, US addressed loans - <$1MM 843 $53,413 $63,361
    Commercial & Industrial, US addressed loans - <$100k 555 $14,706 $26,497
    Commercial & Industrial, US addressed loans - $100-250k 239 $28,200 $117,992
    Commercial & Industrial, US addressed loans - $250k-1MM 49 $10,507 $214,429
    Farmland loans - <$1MM 134 $15,025 $112,127
    Farmland loans - <$100k 65 $1,931 $29,708
    Farmland loans - $100-250k 40 $5,059 $126,475
    Farmland loans - $250k-1MM 29 $8,035 $277,069
    Agriculture operations loans - <$1MM 139 $4,412 $31,741
    Agriculture operations loans - <$100k 119 $2,149 $18,059
    Agriculture operations loans - $100-250k 15 $1,386 $92,400
    Agriculture operations loans - $250k-1MM 5 $877 $175,400