The Fidelity Deposit And Discount Bank Mortgage Rates, Fees & Info

Dunmore, PA

LEI: 5493002PR22PLR6S8J02

Tax ID: 24-0578040

5 stars - out of 5 stars, based on 36 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

The Fidelity Deposit And Discount Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. The Fidelity Deposit And Discount Bank has a high proportion of conventional loans. Their top markets include Scranton, Allentown, Philadelphia, East Stroudsburg, and New York among others. The Fidelity Deposit And Discount Bank has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. The Fidelity Deposit And Discount Bank is typically an average fee lendor.


Originations

1,322

Origination Dollar Volume (All Markets)

$317,770,000

Employee count

297

Awards

The Fidelity Deposit and Discount Bank 30 Year Conventional Loans silver The Fidelity Deposit and Discount Bank 30 Year Conventional Loans gold The Fidelity Deposit and Discount Bank 30 Year Conventional Loans bronze
Show all (3) awards

Relative Rate

The Fidelity Deposit And Discount Bank's average 30 year fixed rate mortgage of loans were 3.13%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.02%.

Relative Fees

The Fidelity Deposit And Discount Bank's average total fees for a 30 year fixed rate mortgage are $4,824.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 848 $183,930,000 $216,899 $4,432 3.10%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 284 $70,150,000 $247,007 $3,485 3.17%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 33 $12,695,000 $384,697 $5,291 2.96%
EAST STROUDSBURG, PA (FHA|USDA|VA) 37 $8,745,000 $236,351 $3,903 3.20%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 19 $7,945,000 $418,158 $5,647 2.94%
Outside of Metro Areas 34 $7,620,000 $224,118 $5,032 3.11%
SALISBURY, MD-DE (FHA|USDA|VA) 5 $2,675,000 $535,000 $6,032 3.30%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 4 $2,130,000 $532,500 $5,816 2.91%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $2,005,000 $2,005,000 $3,387 2.50%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 2 $2,000,000 $1,000,000 $6,887 2.88%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 5 $1,905,000 $381,000 $5,478 3.08%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 2 $1,300,000 $650,000 $5,795 3.13%
Pottsville, PA (FHA|USDA|VA) 5 $1,125,000 $225,000 $4,307 3.22%
OCEAN CITY, NJ (FHA|USDA|VA) 3 $1,075,000 $358,333 $4,010 2.92%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 3 $1,015,000 $338,333 $3,550 3.04%
WINSTON-SALEM, NC (FHA|USDA|VA) 2 $800,000 $400,000 $2,538 2.81%
WATERTOWN-FORT DRUM, NY (FHA|USDA|VA) 2 $780,000 $390,000 $6,326 2.81%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $705,000 $705,000 $9,892 3.00%
Key West, FL (FHA|USDA|VA) 1 $695,000 $695,000 $7,565 2.75%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $580,000 $290,000 $4,394 2.68%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $550,000 $275,000 $3,848 2.69%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $545,000 $545,000 $5,955 3.00%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $545,000 $545,000 $7,754 2.50%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 2 $540,000 $270,000 $4,584 2.88%
Breckenridge, CO (FHA|USDA|VA) 1 $505,000 $505,000 $5,596 3.13%
LANCASTER, PA (FHA|USDA|VA) 2 $490,000 $245,000 $4,994 3.00%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $460,000 $230,000 $3,683 2.94%
BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) 1 $455,000 $455,000 $4,944 2.99%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $405,000 $405,000 $2,382 2.88%
READING, PA (FHA|USDA|VA) 2 $370,000 $185,000 $3,424 3.06%
LEBANON, PA (FHA|USDA|VA) 2 $360,000 $180,000 $4,632 2.63%
Barre, VT (FHA|USDA|VA) 1 $345,000 $345,000 $7,030 2.75%
Edwards, CO (FHA|USDA|VA) 1 $345,000 $345,000 $3,455 2.88%
THE VILLAGES, FL (FHA|USDA|VA) 1 $305,000 $305,000 $5,523 3.00%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $285,000 $285,000 $5,145 3.00%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $285,000 $285,000 $4,528 2.50%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $215,000 $215,000 $2,085 2.25%
Selinsgrove, PA (FHA|USDA|VA) 1 $205,000 $205,000 $3,662 3.13%
YORK-HANOVER, PA (FHA|USDA|VA) 1 $205,000 $205,000 $3,937 2.88%
WILLIAMSPORT, PA (FHA|USDA|VA) 1 $165,000 $165,000 $3,077 4.00%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $155,000 $155,000 $2,489 2.50%
STATE COLLEGE, PA (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.05%
SAVANNAH, GA (FHA|USDA|VA) 1 $55,000 $55,000 $3,634 3.25%

The Fidelity Deposit And Discount Bank's top markets include Scranton, Allentown, Philadelphia, East Stroudsburg, and New York among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 1,322 $317,770,000 $240,371 $4,297 3.11%

For the 2021 period, The Fidelity Deposit And Discount Bank's most frequently originated loan type of loans were Conventional, with 1,322 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 568 $156,460,000 $275,458 $5,185 3.15%
Cash Out Refi 463 $100,745,000 $217,592 $4,053 3.00%
Refi 180 $45,120,000 $250,667 $3,957 2.89%
Home Improvement 63 $6,985,000 $110,873 $663 3.79%
Other 48 $8,460,000 $176,250 $2,511 3.53%

For the 2021, The Fidelity Deposit And Discount Bank's most frequently cited loan purpose of loans were Home Purchase, with 568 originations. The 2nd most popular reason of loans were Cash Out Refi, with 463 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 610 $158,660,000 $260,098 $4,824 3.13%
15 Year 273 $59,705,000 $218,700 $3,693 2.82%
20 Year 165 $28,355,000 $171,848 $3,100 3.33%
30+ year 114 $46,420,000 $407,193 $6,968 3.21%
10 Year 67 $7,695,000 $114,851 $1,912 3.27%
Other 56 $14,610,000 $260,893 $4,140 3.13%
5 Year 37 $2,325,000 $62,838 $32 3.25%

For the 2021, The Fidelity Deposit And Discount Bank's most frequently cited loan length of loans were 30 Year, with 610 originations. The 2nd most popular length of loans were 15 Year, with 273 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 634 $136,230,000 $214,874
$1k-2k 355 $68,105,000 $191,845
$2k-3k 158 $45,440,000 $287,595
$3k-4k 96 $40,620,000 $423,125
$5k+ 21 $11,825,000 $563,095

$4,824 of loans were The Fidelity Deposit And Discount Bank's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 634 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 553 $145,935,000 $263,897
3-4% 476 $114,940,000 $241,471
<2.5% 214 $47,740,000 $223,084
4-5% 72 $8,830,000 $122,639
5-6% 6 $320,000 $53,333
6-7% 1 $5,000 $5,000

During 2021, The Fidelity Deposit And Discount Bank's average interest rate of loans were 3.13%, while their most frequently originated rate bucket of loans were 2.5-3%, with 553 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 437 $63,465,000 $145,229 $3,730 3.07%
$200k-400k 419 $116,485,000 $278,007 $4,931 2.97%
$100,000 or less 262 $16,960,000 $64,733 $1,698 3.45%
$400k-600k 157 $77,725,000 $495,064 $7,350 2.98%
$600k-1MM 35 $25,215,000 $720,429 $7,082 3.24%
$1MM+ 12 $17,920,000 $1,493,333 $9,710 3.24%

2021 saw The Fidelity Deposit And Discount Bank place emphasis on $100k-200k loans with 437 originations, totaling $63,465,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 280 $62,610,000 $223,607 $4,247 3.07%
$150k-250k 237 $72,195,000 $304,620 $5,155 3.05%
$50k-75k 225 $31,405,000 $139,578 $3,349 3.13%
$75k-100k 198 $34,310,000 $173,283 $3,861 3.08%
$250k+ 192 $84,070,000 $437,865 $5,717 2.91%
$50k or less 123 $16,055,000 $130,528 $3,150 3.34%

The Fidelity Deposit And Discount Bank lent most frequently to those with incomes in the $100k-150k range, with 280 originations. The second most popular income band? $150k-250k, with 237 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 356 $85,880,000 $241,236 $4,402 2.97%
30-36% 233 $52,975,000 $227,361 $4,315 3.05%
<20% 196 $49,020,000 $250,102 $4,224 2.99%
42% 40 $10,020,000 $250,500 $4,961 3.46%
40% 37 $8,385,000 $226,622 $4,133 3.18%
36% 36 $6,830,000 $189,722 $3,747 3.10%
37% 36 $7,990,000 $221,944 $3,327 3.10%
44% 35 $7,445,000 $212,714 $4,425 2.98%
38% 35 $6,805,000 $194,429 $4,460 3.12%
39% 33 $8,075,000 $244,697 $4,568 3.07%
>60% 32 $10,660,000 $333,125 $3,861 3.70%
43% 32 $7,770,000 $242,813 $5,308 3.06%
45% 32 $6,530,000 $204,063 $3,933 3.00%
41% 30 $6,040,000 $201,333 $3,865 2.95%
50-60% 30 $9,190,000 $306,333 $3,965 3.30%
48% 23 $7,215,000 $313,696 $4,686 3.11%
47% 19 $4,795,000 $252,368 $4,369 3.36%
49% 16 $3,590,000 $224,375 $4,460 2.90%
46% 15 $3,445,000 $229,667 $3,734 3.36%

The Fidelity Deposit And Discount Bank lent most frequently to those with DTI ratios of 20-30%, with 356 originations. The next most common DTI ratio? 30-36%, with 233 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 1,118 $265,610,000 $237,576 $4,304 3.08%
Not provided 94 $20,760,000 $220,851 $3,864 3.09%
Not applicable 46 $13,030,000 $283,261 $0 4.09%
Asian 33 $9,995,000 $302,879 $5,422 2.96%
Asian Indian 8 $3,620,000 $452,500 $5,550 2.81%
Black 10 $1,950,000 $195,000 $3,024 3.12%
Other Asian 6 $1,690,000 $281,667 $4,270 2.73%
American Indian 4 $580,000 $145,000 $4,399 3.34%
Filipino 1 $245,000 $245,000 $4,871 3.00%
Other Pacific Islander 1 $175,000 $175,000 $3,495 3.00%
Native Hawaiian 1 $115,000 $115,000 $3,745 3.13%

Approval Rates

Total approvals of all applications
92.17%

The Fidelity Deposit And Discount Bank has an average approval rate.

Pick Rate

Approvals leading to origination
85.74%

The Fidelity Deposit And Discount Bank has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 1,322 $317,770,000 $240,371

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
1,322 $317,770,000 $240,371

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 134 $25,350,000 $189,179 $2,852 3.19%
40-60% 225 $54,615,000 $242,733 $4,004 2.95%
60-80% 539 $139,095,000 $258,061 $4,889 3.09%
80-100% 339 $87,745,000 $258,835 $5,000 3.08%
Over 100% 7 $6,175,000 $882,143 $11,476 4.00%
Under 20% 78 $4,790,000 $61,410 $487 3.61%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
The Fidelity Deposit and Discount Bank 6626 Main Street Martins Creek, PA 18063 Full Service B&M $26,083
The Fidelity Deposit and Discount Bank 2118 North Delaware Drive Mount Bethel, PA 18343 Full Service B&M $64,500
The Fidelity Deposit and Discount Bank 225 Kennedy Blvd. Pittston, PA 18640 Full Service B&M $57,703
The Fidelity Deposit and Discount Bank 243 Memorial Highway Dallas, PA 18612 Full Service B&M $43,591
The Fidelity Deposit and Discount Bank 247 Wyoming Avenue Kingston, PA 18704 Full Service B&M $146,093
The Fidelity Deposit and Discount Bank 303 Pennsylvania Avenue Bangor, PA 18013 Full Service B&M $125,064
The Fidelity Deposit and Discount Bank 338 North Washington Avenue Scranton, PA 18503 Full Service B&M $170,013
The Fidelity Deposit and Discount Bank 338. N Washington Ave Scranton, PA 18503 Full Service Cyber Office $9,052
The Fidelity Deposit and Discount Bank 400 South Main Avenue Scranton, PA 18504 Full Service B&M $43,769
The Fidelity Deposit and Discount Bank 4010 Birney Ave Moosic, PA 18507 Full Service B&M $77,295
The Fidelity Deposit and Discount Bank 44 South Broad Street Nazareth, PA 18064 Full Service B&M $22,931
The Fidelity Deposit and Discount Bank 45 North Broadway (Route 512) Wind Gap, PA 18091 Full Service B&M $65,683
The Fidelity Deposit and Discount Bank 46 Center Square Easton, PA 18042 Full Service B&M $78,403
The Fidelity Deposit and Discount Bank 111 Green Ridge Street Scranton, PA 18509 Full Service B&M $61,995
The Fidelity Deposit and Discount Bank 1250 Braden Boulevard Easton, PA 18040 Full Service B&M $72,516
The Fidelity Deposit and Discount Bank 1598 Main Street Peckville, PA 18452 Full Service B&M $154,870
The Fidelity Deposit and Discount Bank 2 S. Mountain Blvd. Mountain Top, PA 18707 Full Service B&M $14,732
The Fidelity Deposit and Discount Bank 2 West Broad Street Bethlehem, PA 18018 Full Service B&M $31,237
The Fidelity Deposit and Discount Bank Blakely & Drinker Streets Dunmore, PA 18512 Limited, Trust Office $0
The Fidelity Deposit and Discount Bank Blakely And Drinker Streets Dunmore, PA 18512 Full Service B&M $339,040
The Fidelity Deposit and Discount Bank Industrial Park Drive Dunmore, PA 18512 Full Service B&M $50,852
The Fidelity Deposit and Discount Bank Morgan Highway, State Route 307 Clarks Summit, PA 18411 Full Service B&M $102,840

For 2021, The Fidelity Deposit And Discount Bank had 22 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $67,448
Net interest income $63,793
Total noninterest income $16,040
Gross Fiduciary activities income $2,253
Service charges on deposit accounts $2,623
Trading account gains and fees $0
Additional Noninterest Income $11,164
Pre-tax net operating income $30,978
Securities gains (or losses, -) $46
Income before extraordinary items $26,506
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $26,506
Minority interest net income $0
Net income $26,506
Sale, conversion, retirement of capital stock, net $0
Net operating income $26,466

The Fidelity Deposit And Discount Bank's gross interest income from loans was $67,448,000.
The Fidelity Deposit And Discount Bank's net interest income from loans was $63,793,000.
The Fidelity Deposit And Discount Bank's fee based income from loans was $2,623,000.
The Fidelity Deposit And Discount Bank's net income from loans was $26,506,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $3,655
Provision for credit losses $2,000
Total noninterest expense $46,855
Salaries and employee benefits $24,713
Premises and equipment expense $6,682
Additional noninterest expense $15,460
Applicable income taxes $4,518
Net charge-offs $578
Cash dividends $15,456

The Fidelity Deposit And Discount Bank's interest expense for loans was $3,655,000.
The Fidelity Deposit And Discount Bank's payroll and benefits expense were $24,713,000.
The Fidelity Deposit And Discount Bank's property, plant and equipment expenses $6,682,000.

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 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 $2,170,380
Deposits held in domestic offices $2,170,380
Deposits by Individuals, partnerships, and corporations $1,770,219
Deposits by U.S. Government $15
Deposits by States and political subdivisions in the U.S. $399,898
Deposits by Commercial banks and other depository institutions in U.S. $248
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $238,600
Demand deposits $139,255
Nontransaction accounts $1,931,780
Money market deposit accounts (MMDAs) $475,447
Other savings deposits (excluding MMDAs) $1,316,380
Total time deposits $139,953
Total time and savings deposits $2,031,125
Noninterest-bearing deposits $591,295
Interest-bearing deposits $1,579,085
Retail deposits $2,147,680
IRAs and Keogh plan accounts $23,783
Brokered deposits $0
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $2,420,900
Cash & Balances due from depository institutions $96,877
Interest-bearing balances $62,485
Total securities $738,980
Federal funds sold & reverse repurchase $0
Net loans and leases $1,449,667
Loan and leases loss allowance $15,624
Trading account assets $0
Bank premises and fixed assets $39,647
Other real estate owned $435
Goodwill and other intangibles $23,270
All other assets $72,024

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $2,420,900
Total Liabilities $2,209,112
Total deposits $2,170,380
Interest-bearing deposits $1,579,085
Deposits held in domestic offices $2,170,380
% insured (estimated) $58
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $11,940
Subordinated debt $0
All other liabilities $26,792

Issued Loan Types

Type Value (in 000's)
Net loans and leases $1,449,667
Loan and leases loss allowance $15,624
Total loans and leases (domestic) $1,465,291
All real estate loans $1,074,260
Real estate loans in domestic offices $1,074,260
Construction and development loans $54,549
Residential 1-4 family construction $36,651
Other construction, all land development and other land $17,898
Loans secured by nonfarm nonresidential properties $453,657
Nonfarm nonresidential secured by owner-occupied properties $226,704
Commercial real estate & other non-farm, non-residential $226,953
Multifamily residential real estate $29,567
1-4 family residential loans $535,401
Farmland loans $1,086
Loans held in foreign offices $0
Farm loans $0
Commercial and industrial loans $165,412
To non-U.S. addressees $0
Loans to individuals $127,132
Credit card loans $0
Related Plans $1,450
Consumer Auto Loans $118,023
Other loans to individuals $7,659
All other loans & leases $98,487
Loans to foreign governments and official institutions $0
Other loans $1,054
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 $2,986
Non 1-4 family restructured loans & leases $2,986
Total loans and leases (foreign) $0

The Fidelity Deposit and Discount Bank had $1,449,667,000 of loans outstanding in 2021. $1,074,260,000 of loans were in real estate loans. $54,549,000 of loans were in development loans. $29,567,000 of loans were in multifamily mortgage loans. $535,401,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $118,023,000 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 951 $195,589 $205,667
Nonfarm, nonresidential loans - <$100k 224 $8,768 $39,143
Nonfarm, nonresidential loans - $100-250k 345 $44,189 $128,084
Nonfarm, nonresidential loans - $250k-1MM 382 $142,632 $373,382
Commercial & Industrial, US addressed loans - <$1MM 1,554 $111,873 $71,990
Commercial & Industrial, US addressed loans - <$100k 1,154 $29,198 $25,302
Commercial & Industrial, US addressed loans - $100-250k 235 $28,988 $123,353
Commercial & Industrial, US addressed loans - $250k-1MM 165 $53,687 $325,376
Farmland loans - <$1MM 7 $846 $120,857
Farmland loans - <$100k 2 $10 $5,000
Farmland loans - $100-250k 4 $386 $96,500
Farmland loans - $250k-1MM 1 $450 $450,000