Orange Bank &trust Company Mortgage Rates, Fees & Info

Middletown, NY

LEI: 5493005ONLDV0W4QDI82

Tax ID: 14-0945678

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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

    Orange Bank &trust Company is a smaller bank specializing in Home Purchase and Refi loans. Orange Bank &trust Company has a high proportion of conventional loans. Their top markets by origination volume include: New York, Poughkeepsie, and Kingston among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Orange Bank &trust Company has an above 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

    75

    Origination Dollar Volume (All Markets)

    $66,505,000

    Employee count

    149

    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
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 34 $45,170,000 $1,328,529 $4,453 4.90%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 37 $19,915,000 $538,243 $2,762 4.66%
    KINGSTON, NY (FHA|USDA|VA) 2 $880,000 $440,000 $0 5.67%
    Outside of Metro Areas 2 $540,000 $270,000 $1,057 4.62%
    Orange Bank &trust Company's top markets include New York, Poughkeepsie, and Kingston among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 75 $66,505,000 $886,733 $3,144 4.79%

    For 2018, Orange Bank &trust Company's most frequently originated type of loan was Conventional, with 75 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 35 $31,575,000 $902,143 $3,905 4.87%
    Refi 29 $33,295,000 $1,148,103 $2,764 4.75%
    Home Improvement 6 $1,040,000 $173,333 $2,573 4.71%
    Other 3 $405,000 $135,000 $1,986 4.88%
    Cash Out Refi 2 $190,000 $95,000 $1,542 3.81%

    For 2018, Orange Bank &trust Company's most frequently cited loan purpose was Home Purchase, with 35 originations. The 2nd most popular reason was Refi, with 29 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 47 $53,205,000 $1,132,021 $2,665 5.02%
    15 Year 11 $6,715,000 $610,455 $2,635 3.96%
    20 Year 9 $3,625,000 $402,778 $3,511 4.82%
    Other 7 $2,555,000 $365,000 $3,754 4.45%
    1 Year 1 $405,000 $405,000 $3,387 5.00%

    For 2018, Orange Bank &trust Company's most frequently cited loan duration was 10 Year, with 47 originations. The 2nd most popular length was 15 Year, with 11 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 31 $9,285,000 $299,516

    Orange Bank &trust Company's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 31 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 25 $39,435,000 $1,577,400
    5-6% 25 $16,155,000 $646,200
    3-4% 20 $10,180,000 $509,000
    6-7% 3 $495,000 $165,000
    2.5-3% 1 $65,000 $65,000

    During 2018, Orange Bank &trust Company's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 25 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 19 $5,015,000 $263,947 $3,458 5.06%
    $100k-200k 17 $2,405,000 $141,471 $2,377 4.33%
    $1MM+ 15 $46,535,000 $3,102,333 $0 4.68%
    $600k-1MM 11 $8,275,000 $752,273 $4,874 4.90%
    $400k-600k 8 $3,940,000 $492,500 $3,927 5.12%
    $100,000 or less 5 $335,000 $67,000 $1,550 4.73%

    2018 saw Orange Bank &trust Company place emphasis on $200k-400k loans with 19 originations, totaling $5,015,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 14 $6,230,000 $445,000 $3,945 4.48%
    $150k-250k 11 $3,005,000 $273,182 $2,895 4.22%
    $100k-150k 5 $765,000 $153,000 $2,744 3.93%
    $75k-100k 4 $460,000 $115,000 $1,701 5.09%
    $50k-75k 2 $260,000 $130,000 $2,618 4.63%

    Orange Bank &trust Company lent most frequently to those with incomes in the $250k+ range, with 14 originations. The second most popular income band? $150k-250k, with 11 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    <20% 8 $2,490,000 $311,250 $3,053 4.08%
    20-30% 8 $1,410,000 $176,250 $2,764 4.64%
    30-36% 4 $1,240,000 $310,000 $2,837 4.00%
    36% 3 $975,000 $325,000 $4,030 3.88%
    42% 2 $290,000 $145,000 $2,663 4.31%
    41% 2 $400,000 $200,000 $3,848 4.88%
    43% 2 $920,000 $460,000 $4,625 5.60%
    44% 2 $1,210,000 $605,000 $2,559 4.75%
    50-60% 2 $340,000 $170,000 $3,880 4.50%
    >60% 1 $5,005,000 $5,005,000 $0 5.34%
    40% 1 $255,000 $255,000 $4,918 3.75%
    45% 1 $455,000 $455,000 $2,532 4.75%
    37% 1 $805,000 $805,000 $4,146 3.88%
    47% 1 $105,000 $105,000 $2,438 4.50%

    Orange Bank &trust Company lent most frequently to those with DTI ratios of <20%, with 8 originations. The next most common DTI ratio? 20-30%, with 8 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 39 $55,785,000 $1,430,385 $0 5.15%
    White 31 $10,205,000 $329,194 $3,340 4.35%
    Asian 3 $405,000 $135,000 $2,330 4.58%
    Black 1 $65,000 $65,000 $2,108 3.00%
    American Indian 1 $45,000 $45,000 $516 6.75%

    Approval Rates

    Total approvals of all applications
    93.41%

    Orange Bank &trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.67%

    Orange Bank &trust Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 75 $66,505,000 $886,733

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 27 $53,095,000 $1,966,481
    Single Family (1-4 Units):Site-Built 48 $13,410,000 $279,375

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 9 $7,405,000 $822,778 $3,042 4.45%
    40-60% 20 $7,120,000 $356,000 $2,875 4.39%
    60-80% 43 $50,965,000 $1,185,233 $3,516 5.01%
    80-100% 2 $970,000 $485,000 $4,512 4.31%
    Under 20% 1 $45,000 $45,000 $516 6.75%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Orange Bank &Trust Company 1214 East Boston Post Road Mamaroneck, NY 10543 Full Service B&M $35,476
    Orange Bank &Trust Company 146 North Church Street Goshen, NY 10924 Full Service B&M $45,698
    Orange Bank &Trust Company 2093 Rt 208 Montgomery, NY 12549 Full Service B&M $56,757
    Orange Bank &Trust Company 212 Dolson Ave Middletown, NY 10940 Full Service B&M $178,634
    Orange Bank &Trust Company 2141 Crompond Road Cortlandt Manor, NY 10567 Full Service B&M $24,118
    Orange Bank &Trust Company 254 South Main Street New City, NY 10956 Full Service B&M $57,828
    Orange Bank &Trust Company 33 Trust Way Middletown, NY 10940 Full Service B&M $149,278
    Orange Bank &Trust Company 42 Waller Avenue White Plains, NY 10601 Full Service B&M $117,550
    Orange Bank &Trust Company 510 South Columbus Avenue Mount Vernon, NY 10550 Full Service B&M $40,002
    Orange Bank &Trust Company 7 Cross St W Hawthorne, NY 10532 Full Service B&M $45,406
    Orange Bank &Trust Company 75 North Street Middletown, NY 10940 Full Service B&M $55,430
    Orange Bank &Trust Company 78 North Plank Road Newburgh, NY 12550 Full Service B&M $76,263
    Orange Bank &Trust Company 91 Brookside Avenue Chester, NY 10918 Full Service B&M $48,459

    For 2018, Orange Bank &trust Company had 13 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $38,704
    Net interest income $36,103
    Total noninterest income $4,839
    Gross Fiduciary activities income $2,323
    Service charges on deposit accounts $920
    Trading account gains and fees $0
    Additional Noninterest Income $1,596
    Pre-tax net operating income $8,970
    Securities gains (or losses, -) $0
    Income before extraordinary items $7,622
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $7,622
    Minority interest net income $0
    Net income $7,622
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $7,622

    Orange Bank &trust Company's gross interest income from loans was $38,704,000.
    Orange Bank &trust Company's net interest income from loans was $36,103,000.
    Orange Bank &trust Company's fee based income from loans was $920,000.
    Orange Bank &trust Company's net income from loans was $7,622,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,601
    Provision for credit losses $2,465
    Total noninterest expense $29,507
    Salaries and employee benefits $16,058
    Premises and equipment expense $3,117
    Additional noninterest expense $10,332
    Applicable income taxes $1,348
    Net charge-offs $328
    Cash dividends $3,264

    Orange Bank &trust Company's interest expense for loans was $2,601,000.
    Orange Bank &trust Company's payroll and benefits expense were $16,058,000.
    Orange Bank &trust Company's property, plant and equipment expenses $3,117,000.

    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 $915,325
    Deposits held in domestic offices $915,325
    Deposits by Individuals, partnerships, and corporations $758,556
    Deposits by U.S. Government $1
    Deposits by States and political subdivisions in the U.S. $153,596
    Deposits by Commercial banks and other depository institutions in U.S. $3,172
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $96,982
    Demand deposits $39,209
    Nontransaction accounts $818,343
    Money market deposit accounts (MMDAs) $607,792
    Other savings deposits (excluding MMDAs) $111,552
    Total time deposits $98,998
    Total time and savings deposits $876,116
    Noninterest-bearing deposits $250,748
    Interest-bearing deposits $664,576
    Retail deposits $886,676
    IRAs and Keogh plan accounts $10,765
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,056,216
    Cash & Balances due from depository institutions $18,371
    Interest-bearing balances $5,322
    Total securities $255,536
    Federal funds sold & reverse repurchase $0
    Net loans and leases $726,413
    Loan and leases loss allowance $10,663
    Trading account assets $0
    Bank premises and fixed assets $13,698
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $42,198

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,056,216
    Total Liabilities $962,669
    Total deposits $915,325
    Interest-bearing deposits $664,576
    Deposits held in domestic offices $915,325
    % insured (estimated) $67
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $35,500
    Subordinated debt $0
    All other liabilities $11,844

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $726,413
    Loan and leases loss allowance $10,663
    Total loans and leases (domestic) $737,076
    All real estate loans $561,213
    Real estate loans in domestic offices $561,213
    Construction and development loans $41,161
    Residential 1-4 family construction $12,297
    Other construction, all land development and other land $28,864
    Loans secured by nonfarm nonresidential properties $281,513
    Nonfarm nonresidential secured by owner-occupied properties $135,386
    Commercial real estate & other non-farm, non-residential $146,127
    Multifamily residential real estate $142,536
    1-4 family residential loans $95,725
    Farmland loans $278
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $173,629
    To non-U.S. addressees $0
    Loans to individuals $1,286
    Credit card loans $0
    Related Plans $842
    Consumer Auto Loans $23
    Other loans to individuals $421
    All other loans & leases $947
    Loans to foreign governments and official institutions $0
    Other loans $947
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $4,583
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $12,503
    Non 1-4 family restructured loans & leases $12,361
    Total loans and leases (foreign) $0

    Orange Bank &Trust Company had $726,413,000 of loans outstanding in 2018. $561,213,000 of loans were in real estate loans. $41,161,000 of loans were in development loans. $142,536,000 of loans were in multifamily mortgage loans. $95,725,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $23,000 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 207 $63,981 $309,087
    Nonfarm, nonresidential loans - <$100k 12 $540 $45,000
    Nonfarm, nonresidential loans - $100-250k 59 $8,062 $136,644
    Nonfarm, nonresidential loans - $250k-1MM 136 $55,379 $407,199
    Commercial & Industrial, US addressed loans - <$1MM 1,171 $112,061 $95,697
    Commercial & Industrial, US addressed loans - <$100k 725 $23,518 $32,439
    Commercial & Industrial, US addressed loans - $100-250k 235 $24,436 $103,983
    Commercial & Industrial, US addressed loans - $250k-1MM 211 $64,107 $303,825