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, Bridgeport, and Kingston among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Orange Bank &trust Company 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

    81

    Origination Dollar Volume (All Markets)

    $57,785,000

    Employee count

    163

    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) 25 $30,445,000 $1,217,800 $0 0.00%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 51 $25,695,000 $503,824 $0 0.00%
    Outside of Metro Areas 3 $865,000 $288,333 $0 0.00%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $615,000 $615,000 $0 0.00%
    KINGSTON, NY (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
    Orange Bank &trust Company's top markets include New York, Poughkeepsie, Bridgeport, and Kingston among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 81 $57,785,000 $713,395 $0 0.00%

    For 2019, Orange Bank &trust Company's most frequently originated type of loan was Conventional, with 81 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 44 $34,820,000 $791,364 $0 0.00%
    Refi 27 $20,535,000 $760,556 $0 0.00%
    Other 7 $1,095,000 $156,429 $0 0.00%
    Home Improvement 3 $1,335,000 $445,000 $0 0.00%

    For 2019, Orange Bank &trust Company's most frequently cited loan purpose was Home Purchase, with 44 originations. The 2nd most popular reason was Refi, with 27 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 81 $57,785,000 $713,395 $0 0.00%

    For 2019, Orange Bank &trust Company's most frequently cited loan duration was Other, with 81 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 30 $8,330,000 $277,667 $0 0.00%
    $100k-200k 21 $3,055,000 $145,476 $0 0.00%
    $1MM+ 10 $38,740,000 $3,874,000 $0 0.00%
    $100,000 or less 8 $500,000 $62,500 $0 0.00%
    $600k-1MM 7 $4,835,000 $690,714 $0 0.00%
    $400k-600k 5 $2,325,000 $465,000 $0 0.00%

    2019 saw Orange Bank &trust Company place emphasis on $200k-400k loans with 30 originations, totaling $8,330,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 12 $2,470,000 $205,833 $0 0.00%
    $250k+ 12 $5,010,000 $417,500 $0 0.00%
    $150k-250k 10 $2,100,000 $210,000 $0 0.00%
    $50k-75k 5 $635,000 $127,000 $0 0.00%
    $75k-100k 3 $275,000 $91,667 $0 0.00%
    $50k or less 2 $250,000 $125,000 $0 0.00%

    Orange Bank &trust Company lent most frequently to those with incomes in the $100k-150k range, with 12 originations. The second most popular income band? $250k+, with 12 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 81 $57,785,000 $713,395 $0 0.00%

    Orange Bank &trust Company lent most frequently to those with DTI ratios of Exempt%, with 81 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 35 $46,565,000 $1,330,429 $0 0.00%
    White 41 $9,945,000 $242,561 $0 0.00%
    Not provided 3 $1,045,000 $348,333 $0 0.00%
    Black 2 $230,000 $115,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    83.05%

    Orange Bank &trust Company has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    83.95%

    Orange Bank &trust Company has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 81 $57,785,000 $713,395

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 17 $40,965,000 $2,409,706
    Single Family (1-4 Units):Site-Built 64 $16,820,000 $262,813

    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 $63,662
    Orange Bank &Trust Company 146 North Church Street Goshen, NY 10924 Full Service B&M $41,520
    Orange Bank &Trust Company 2093 Rt 208 Montgomery, NY 12549 Full Service B&M $59,447
    Orange Bank &Trust Company 212 Dolson Ave Middletown, NY 10940 Full Service B&M $187,642
    Orange Bank &Trust Company 2141 Crompond Road Cortlandt Manor, NY 10567 Full Service B&M $48,998
    Orange Bank &Trust Company 254 South Main Street New City, NY 10956 Full Service B&M $62,820
    Orange Bank &Trust Company 33 Trust Way Middletown, NY 10940 Full Service B&M $151,578
    Orange Bank &Trust Company 42 Waller Avenue White Plains, NY 10601 Full Service B&M $137,739
    Orange Bank &Trust Company 510 South Columbus Avenue Mount Vernon, NY 10550 Full Service B&M $78,272
    Orange Bank &Trust Company 75 North Street Middletown, NY 10940 Full Service B&M $54,527
    Orange Bank &Trust Company 78 North Plank Road Newburgh, NY 12550 Full Service B&M $82,623
    Orange Bank &Trust Company 859-861 Franklin Avenue Thornwood, NY 10594 Full Service B&M $57,669
    Orange Bank &Trust Company 91 Brookside Avenue Chester, NY 10918 Full Service B&M $55,968

    For 2019, Orange Bank &trust Company had 13 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $48,300
    Net interest income $43,640
    Total noninterest income $5,198
    Gross Fiduciary activities income $2,751
    Service charges on deposit accounts $919
    Trading account gains and fees $0
    Additional Noninterest Income $1,528
    Pre-tax net operating income $14,023
    Securities gains (or losses, -) $-219
    Income before extraordinary items $11,305
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $11,305
    Minority interest net income $0
    Net income $11,305
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $11,484

    Orange Bank &trust Company's gross interest income from loans was $48,300,000.
    Orange Bank &trust Company's net interest income from loans was $43,640,000.
    Orange Bank &trust Company's fee based income from loans was $919,000.
    Orange Bank &trust Company's net income from loans was $11,305,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,660
    Provision for credit losses $2,195
    Total noninterest expense $32,620
    Salaries and employee benefits $18,592
    Premises and equipment expense $3,301
    Additional noninterest expense $10,727
    Applicable income taxes $2,499
    Net charge-offs $583
    Cash dividends $3,591

    Orange Bank &trust Company's interest expense for loans was $4,660,000.
    Orange Bank &trust Company's payroll and benefits expense were $18,592,000.
    Orange Bank &trust Company's property, plant and equipment expenses $3,301,000.

    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 $1,086,947
    Deposits held in domestic offices $1,086,947
    Deposits by Individuals, partnerships, and corporations $894,664
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $189,723
    Deposits by Commercial banks and other depository institutions in U.S. $2,560
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $117,050
    Demand deposits $51,907
    Nontransaction accounts $969,897
    Money market deposit accounts (MMDAs) $757,945
    Other savings deposits (excluding MMDAs) $123,054
    Total time deposits $88,897
    Total time and savings deposits $1,035,040
    Noninterest-bearing deposits $339,284
    Interest-bearing deposits $747,663
    Retail deposits $1,059,574
    IRAs and Keogh plan accounts $10,077
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,219,002
    Cash & Balances due from depository institutions $25,108
    Interest-bearing balances $9,879
    Total securities $254,915
    Federal funds sold & reverse repurchase $0
    Net loans and leases $878,429
    Loan and leases loss allowance $12,275
    Trading account assets $0
    Bank premises and fixed assets $14,394
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $46,156

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,219,002
    Total Liabilities $1,106,299
    Total deposits $1,086,947
    Interest-bearing deposits $747,663
    Deposits held in domestic offices $1,086,947
    % insured (estimated) $64
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $5,000
    Subordinated debt $0
    All other liabilities $14,352

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $878,429
    Loan and leases loss allowance $12,275
    Total loans and leases (domestic) $890,704
    All real estate loans $666,955
    Real estate loans in domestic offices $666,955
    Construction and development loans $69,585
    Residential 1-4 family construction $13,910
    Other construction, all land development and other land $55,675
    Loans secured by nonfarm nonresidential properties $339,187
    Nonfarm nonresidential secured by owner-occupied properties $134,021
    Commercial real estate & other non-farm, non-residential $205,166
    Multifamily residential real estate $148,034
    1-4 family residential loans $109,669
    Farmland loans $480
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $221,239
    To non-U.S. addressees $0
    Loans to individuals $2,237
    Credit card loans $0
    Related Plans $1,746
    Consumer Auto Loans $3
    Other loans to individuals $488
    All other loans & leases $274
    Loans to foreign governments and official institutions $0
    Other loans $274
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $3,500
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $7,485
    Non 1-4 family restructured loans & leases $7,349
    Total loans and leases (foreign) $0

    Orange Bank &Trust Company had $878,429,000 of loans outstanding in 2019. $666,955,000 of loans were in real estate loans. $69,585,000 of loans were in development loans. $148,034,000 of loans were in multifamily mortgage loans. $109,669,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $3,000 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 227 $71,603 $315,432
    Nonfarm, nonresidential loans - <$100k 15 $679 $45,267
    Nonfarm, nonresidential loans - $100-250k 61 $8,116 $133,049
    Nonfarm, nonresidential loans - $250k-1MM 151 $62,808 $415,947
    Commercial & Industrial, US addressed loans - <$1MM 996 $91,590 $91,958
    Commercial & Industrial, US addressed loans - <$100k 610 $16,178 $26,521
    Commercial & Industrial, US addressed loans - $100-250k 180 $14,670 $81,500
    Commercial & Industrial, US addressed loans - $250k-1MM 206 $60,742 $294,864
    Farmland loans - <$1MM 1 $480 $480,000
    Farmland loans - $250k-1MM 1 $480 $480,000