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

Dunmore, PA

LEI: 5493002PR22PLR6S8J02

Tax ID: 24-0578040

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Mortgage Data

Bank 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.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.47% 12/16/24
30 Year Conventional Purchase 6.71% 12/16/24
30 Year Conventional Refi 6.61% 12/16/24
30 Year Cash-out Refi 6.65% 12/16/24
15 Year Conventional Purchase 6.07% 12/16/24
15 Year Conventional Refi 5.98% 12/16/24
15 Year Cash-out Refi 5.98% 12/16/24
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






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)
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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