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

Dunmore, PA

LEI: 5493002PR22PLR6S8J02

Tax ID: 24-0578040

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

Review & Overview

The Fidelity Deposit And Discount Bank is a smaller bank specializing in Home Purchase loans. The Fidelity Deposit And Discount Bank has a high proportion of conventional loans. Their top markets by origination volume include: Scranton, New York, Ocean City, Philadelphia, and Bloomsburg among others. We have data for 17 markets. (Some data included below & more in-depth data is available with an active subscription.)

The Fidelity Deposit And Discount 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. The Fidelity Deposit And Discount Bank is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

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.

SimulatedRates™ Mortgage Type	Simulated Rate	Simulation Date
Home Equity Line of Credit (HELOC)	6.47%	4/14/24
30 Year Conventional Purchase	6.71%	4/14/24
30 Year Conventional Refi	6.61%	4/14/24
30 Year Cash-out Refi	6.65%	4/14/24
15 Year Conventional Purchase	6.07%	4/14/24
15 Year Conventional Refi	5.98%	4/14/24
15 Year Cash-out Refi	5.98%	4/14/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

The Fidelity Deposit And Discount Bank Mortgage Calculator

Purchase Price:

Loan Amount:

Deposit Amount:

% Deposit:

Interest Rate:

Loan Type:

Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from The Fidelity Deposit And Discount Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.

Originations

515

Origination Dollar Volume (All Markets)

$80,925,000

Employee count

181

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
SCRANTON--WILKES-BARRE, PA (FHA\|USDA\|VA)	470	$68,980,000	$146,766	$2,935	4.95%
Outside of Metro Areas	14	$2,390,000	$170,714	$4,427	4.84%
New York-Newark-Jersey City, NY-NJ-PA (FHA\|USDA\|VA)	6	$2,010,000	$335,000	$5,500	4.79%
OCEAN CITY, NJ (FHA\|USDA\|VA)	3	$1,655,000	$551,667	$4,604	4.25%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA\|USDA\|VA)	4	$1,440,000	$360,000	$5,838	3.97%
BLOOMSBURG-BERWICK, PA (FHA\|USDA\|VA)	2	$810,000	$405,000	$5,906	4.25%
Pottsville, PA (FHA\|USDA\|VA)	3	$795,000	$265,000	$7,260	4.50%
SALISBURY, MD-DE (FHA\|USDA\|VA)	2	$460,000	$230,000	$4,050	4.56%
CAPE CORAL-FORT MYERS, FL (FHA\|USDA\|VA)	1	$425,000	$425,000	$0	4.00%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA\|USDA\|VA)	2	$400,000	$200,000	$6,761	4.56%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA\|USDA\|VA)	1	$355,000	$355,000	$4,339	4.75%
GREELEY, CO (FHA\|USDA\|VA)	1	$265,000	$265,000	$3,203	4.38%
OSHKOSH-NEENAH, WI (FHA\|USDA\|VA)	1	$245,000	$245,000	$3,522	4.63%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA\|USDA\|VA)	2	$220,000	$110,000	$4,520	5.50%
EAST STROUDSBURG, PA (FHA\|USDA\|VA)	1	$205,000	$205,000	$3,925	3.88%
NAPLES-MARCO ISLAND, FL (FHA\|USDA\|VA)	1	$145,000	$145,000	$5,097	5.25%
THE VILLAGES, FL (FHA\|USDA\|VA)	1	$125,000	$125,000	$4,266	4.25%

The Fidelity Deposit And Discount Bank's top markets include Scranton, New York, Ocean City, Philadelphia, and Bloomsburg among others.

Their top states include:

Pennsylvania (FHA|USDA|VA)

New Jersey (FHA|USDA|VA)

Florida (FHA|USDA|VA)

New York (FHA|USDA|VA)

South Carolina (FHA|USDA|VA)

Similar Lenders

We use machine learning to identify the top lenders compared against The Fidelity Deposit and Discount Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

The Neffs National Bank
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Haddon Savings Bank
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ABERDEEN PROVING GROUND FEDERAL CREDIT UNION
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The Honesdale National Bank
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The Luzerne Bank
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WASHINGTON SAVINGS BANK
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COMMUNITY POWERED
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Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	515	$80,925,000	$157,136	$3,128	4.92%

For 2018, The Fidelity Deposit And Discount Bank's most frequently originated type of loan was Conventional, with 515 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	284	$56,980,000	$200,634	$4,578	4.80%
Cash Out Refi	88	$11,630,000	$132,159	$1,911	5.09%
Home Improvement	77	$3,895,000	$50,584	$220	5.24%
Refi	38	$6,910,000	$181,842	$3,018	4.76%
Other	28	$1,510,000	$53,929	$358	5.00%

For 2018, The Fidelity Deposit And Discount Bank's most frequently cited loan purpose was Home Purchase, with 284 originations. The 2nd most popular reason was Cash Out Refi, with 88 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
30 Year	250	$52,500,000	$210,000	$4,824	4.81%
15 Year	120	$14,490,000	$120,750	$2,048	5.19%
10 Year	67	$4,805,000	$71,716	$233	4.84%
20 Year	31	$5,475,000	$176,613	$1,953	5.53%
5 Year	25	$1,185,000	$47,400	$261	4.33%
Other	21	$2,435,000	$115,952	$39	4.91%
3 Year	1	$35,000	$35,000	$0	3.49%

For 2018, The Fidelity Deposit And Discount Bank's most frequently cited loan duration was 30 Year, with 250 originations. The 2nd most popular length was 15 Year, with 120 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$<1k	132	$19,810,000	$150,076
$1k-2k	116	$19,270,000	$166,121
$2k-3k	51	$16,935,000	$332,059
$3k-4k	13	$2,765,000	$212,692
$4k-5k	8	$3,580,000	$447,500
$5k+	5	$2,945,000	$589,000

The Fidelity Deposit And Discount Bank's average total fees were $4,824, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 132 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
4-5%	316	$56,460,000	$178,671
5-6%	104	$11,130,000	$107,019
3-4%	47	$7,555,000	$160,745
6-7%	37	$4,585,000	$123,919
7-8%	6	$710,000	$118,333
Over 8%	3	$155,000	$51,667
2.5-3%	1	$235,000	$235,000
<2.5%	1	$95,000	$95,000

During 2018, The Fidelity Deposit And Discount Bank's average interest rate for loans was 4.81%, while their most frequently originated rate bucket for loans was 4-5%, with 316 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	240	$13,540,000	$56,417	$1,216	5.08%
$100k-200k	130	$18,400,000	$141,538	$3,465	4.82%
$200k-400k	116	$31,490,000	$271,466	$5,258	4.77%
$400k-600k	21	$9,265,000	$441,190	$6,903	4.79%
$600k-1MM	5	$4,225,000	$845,000	$13,818	4.78%
$1MM+	3	$4,005,000	$1,335,000	$9,432	4.29%

2018 saw The Fidelity Deposit And Discount Bank place emphasis on $100,000 or less loans with 240 originations, totaling $13,540,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-150k	104	$17,000,000	$163,462	$2,973	4.82%
$50k-75k	102	$12,540,000	$122,941	$2,791	4.79%
$50k or less	83	$6,705,000	$80,783	$2,363	5.07%
$75k-100k	78	$10,560,000	$135,385	$3,032	4.99%
$150k-250k	71	$14,155,000	$199,366	$3,666	4.79%
$250k+	37	$15,655,000	$423,108	$5,554	4.74%

The Fidelity Deposit And Discount Bank lent most frequently to those with incomes in the $100k-150k range, with 104 originations. The second most popular income band? $50k-75k, with 102 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-30%	109	$17,135,000	$157,202	$2,835	4.74%
30-36%	88	$12,040,000	$136,818	$2,881	4.84%
<20%	45	$8,265,000	$183,667	$3,182	4.55%
>60%	32	$3,650,000	$114,063	$2,492	5.32%
50-60%	26	$4,940,000	$190,000	$3,337	5.10%
42%	21	$2,665,000	$126,905	$2,747	4.62%
40%	20	$3,300,000	$165,000	$3,136	5.07%
38%	16	$2,730,000	$170,625	$4,111	5.06%
39%	16	$2,260,000	$141,250	$3,494	5.29%
41%	14	$2,160,000	$154,286	$3,192	4.56%
36%	14	$3,770,000	$269,286	$4,395	4.77%
48%	12	$1,970,000	$164,167	$3,558	5.06%
37%	11	$1,515,000	$137,727	$2,985	4.90%
45%	10	$1,660,000	$166,000	$3,851	4.73%
47%	9	$1,955,000	$217,222	$4,862	4.58%
46%	7	$985,000	$140,714	$3,541	4.73%
49%	7	$1,385,000	$197,857	$3,589	4.88%
43%	7	$1,425,000	$203,571	$4,115	4.50%
44%	4	$430,000	$107,500	$1,701	4.84%

The Fidelity Deposit And Discount Bank lent most frequently to those with DTI ratios of 20-30%, with 109 originations. The next most common DTI ratio? 30-36%, with 88 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	447	$72,845,000	$162,964	$3,202	4.87%
Not applicable	35	$3,935,000	$112,429	$0	5.73%
Not provided	23	$2,125,000	$92,391	$1,069	4.90%
Asian	8	$1,670,000	$208,750	$4,976	4.47%
Black	1	$325,000	$325,000	$4,292	4.50%
American Indian	1	$25,000	$25,000	$0	4.49%

Approval Rates

Total approvals of all applications
87.65%

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

Pick Rate

Approvals leading to origination
88.74%

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

Points and Fees

Points	Originations	Total Value	Average Loan
NA	515	$80,925,000	$157,136

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	6	$2,140,000	$356,667
Single Family (1-4 Units):Site-Built	509	$78,785,000	$154,784

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	70	$4,350,000	$62,143	$255	5.03%
40-60%	47	$7,895,000	$167,979	$2,652	4.73%
60-80%	176	$31,220,000	$177,386	$4,027	4.96%
80-100%	156	$31,020,000	$198,846	$4,642	4.74%
Over 100%	8	$3,530,000	$441,250	$6,169	5.64%
Under 20%	58	$2,910,000	$50,172	$343	5.26%

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
The Fidelity Deposit and Discount Bank	338 North Washington Avenue Scranton, PA 18503	Full Service B&M	$97,405
The Fidelity Deposit and Discount Bank	111 Green Ridge Street Scranton, PA 18509	Full Service B&M	$43,033
The Fidelity Deposit and Discount Bank	1598 Main Street Peckville, PA 18452	Full Service B&M	$84,507
The Fidelity Deposit and Discount Bank	225 Kennedy Blvd. Pittston, PA 18640	Full Service B&M	$34,772
The Fidelity Deposit and Discount Bank	247 Wyoming Avenue Kingston, PA 18704	Full Service B&M	$133,667
The Fidelity Deposit and Discount Bank	338. N Washington Ave Scranton, PA 18503	Full Service Cyber Office	$2,721
The Fidelity Deposit and Discount Bank	400 South Main Avenue Scranton, PA 18504	Full Service B&M	$31,260
The Fidelity Deposit and Discount Bank	4010 Birney Ave Moosic, PA 18507	Full Service B&M	$54,581
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	$212,569
The Fidelity Deposit and Discount Bank	Industrial Park Drive Dunmore, PA 18512	Full Service B&M	$20,423
The Fidelity Deposit and Discount Bank	Morgan Highway, State Route 307 Clarks Summit, PA 18411	Full Service B&M	$64,238

For 2018, The Fidelity Deposit And Discount Bank had 12 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$35,898
Net interest income	$31,019
Total noninterest income	$8,252
Gross Fiduciary activities income	$1,319
Service charges on deposit accounts	$2,245
Trading account gains and fees	$0
Additional Noninterest Income	$4,688
Pre-tax net operating income	$14,340
Securities gains (or losses, -)	$10
Income before extraordinary items	$11,997
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$11,997
Minority interest net income	$0
Net income	$11,997
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$11,988

The Fidelity Deposit And Discount Bank's gross interest income from loans was $35,898,000.
The Fidelity Deposit And Discount Bank's net interest income from loans was $31,019,000.
The Fidelity Deposit And Discount Bank's fee based income from loans was $2,245,000.
The Fidelity Deposit And Discount Bank's net income from loans was $11,997,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$4,879
Provision for credit losses	$1,450
Total noninterest expense	$23,481
Salaries and employee benefits	$12,929
Premises and equipment expense	$3,513
Additional noninterest expense	$7,039
Applicable income taxes	$2,353
Net charge-offs	$896
Cash dividends	$2,723

The Fidelity Deposit And Discount Bank's interest expense for loans was $4,879,000.
The Fidelity Deposit And Discount Bank's payroll and benefits expense were $12,929,000.
The Fidelity Deposit And Discount Bank's property, plant and equipment expenses $3,513,000.

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	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	$770,415
Deposits held in domestic offices	$770,415
Deposits by Individuals, partnerships, and corporations	$651,643
Deposits by U.S. Government	$1
Deposits by States and political subdivisions in the U.S.	$118,771
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	$79,375
Demand deposits	$44,245
Nontransaction accounts	$691,040
Money market deposit accounts (MMDAs)	$116,010
Other savings deposits (excluding MMDAs)	$457,877
Total time deposits	$117,153
Total time and savings deposits	$726,170
Noninterest-bearing deposits	$194,963
Interest-bearing deposits	$575,452
Retail deposits	$732,733
IRAs and Keogh plan accounts	$16,837
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$983,134
Cash & Balances due from depository institutions	$17,484
Interest-bearing balances	$2,559
Total securities	$182,810
Federal funds sold & reverse repurchase	$0
Net loans and leases	$713,792
Loan and leases loss allowance	$9,747
Trading account assets	$0
Bank premises and fixed assets	$19,491
Other real estate owned	$190
Goodwill and other intangibles	$1,357
All other assets	$48,010

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$983,134
Total Liabilities	$889,465
Total deposits	$770,415
Interest-bearing deposits	$575,452
Deposits held in domestic offices	$770,415
% insured (estimated)	$66
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$108,406
Subordinated debt	$0
All other liabilities	$10,644

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$713,792
Loan and leases loss allowance	$9,747
Total loans and leases (domestic)	$723,539
All real estate loans	$481,663
Real estate loans in domestic offices	$481,663
Construction and development loans	$21,758
Residential 1-4 family construction	$16,947
Other construction, all land development and other land	$4,811
Loans secured by nonfarm nonresidential properties	$176,632
Nonfarm nonresidential secured by owner-occupied properties	$125,800
Commercial real estate & other non-farm, non-residential	$50,832
Multifamily residential real estate	$8,686
1-4 family residential loans	$273,972
Farmland loans	$615
Loans held in foreign offices	$0
Farm loans	$0
Commercial and industrial loans	$85,717
To non-U.S. addressees	$178
Loans to individuals	$108,742
Credit card loans	$0
Related Plans	$367
Consumer Auto Loans	$103,405
Other loans to individuals	$4,970
All other loans & leases	$48,445
Loans to foreign governments and official institutions	$0
Other loans	$1,220
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	$1,205
Non 1-4 family restructured loans & leases	$1,205
Total loans and leases (foreign)	$0

The Fidelity Deposit and Discount Bank had $713,792,000 of loans outstanding in 2018. $481,663,000 of loans were in real estate loans. $21,758,000 of loans were in development loans. $8,686,000 of loans were in multifamily mortgage loans. $273,972,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $103,405,000 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	541	$93,824	$173,427
Nonfarm, nonresidential loans - <$100k	166	$7,183	$43,271
Nonfarm, nonresidential loans - $100-250k	209	$26,973	$129,057
Nonfarm, nonresidential loans - $250k-1MM	166	$59,668	$359,446
Commercial & Industrial, US addressed loans - <$1MM	1,033	$56,406	$54,604
Commercial & Industrial, US addressed loans - <$100k	844	$19,038	$22,557
Commercial & Industrial, US addressed loans - $100-250k	119	$14,042	$118,000
Commercial & Industrial, US addressed loans - $250k-1MM	70	$23,326	$333,229
Farmland loans - <$1MM	2	$203	$101,500
Farmland loans - $100-250k	1	$126	$126,000
Farmland loans - $250k-1MM	1	$77	$77,000