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, Kingston, and Cape Coral 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 an 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

    82

    Origination Dollar Volume (All Markets)

    $63,770,000

    Employee count

    170

    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) 41 $46,205,000 $1,126,951 $0 0.00%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 37 $16,475,000 $445,270 $0 0.00%
    KINGSTON, NY (FHA|USDA|VA) 2 $450,000 $225,000 $0 0.00%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $325,000 $325,000 $0 0.00%
    Outside of Metro Areas 1 $315,000 $315,000 $0 0.00%
    Orange Bank &trust Company's top markets include New York, Poughkeepsie, Kingston, and Cape Coral among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 82 $63,770,000 $777,683 $0 0.00%

    For 2020, Orange Bank &trust Company's most frequently originated type of loan was Conventional, with 82 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 45 $25,175,000 $559,444 $0 0.00%
    Refi 32 $37,510,000 $1,172,188 $0 0.00%
    Other 3 $675,000 $225,000 $0 0.00%
    Home Improvement 2 $410,000 $205,000 $0 0.00%

    For 2020, Orange Bank &trust Company's most frequently cited loan purpose was Home Purchase, with 45 originations. The 2nd most popular reason was Refi, with 32 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 82 $63,770,000 $777,683 $0 0.00%

    For 2020, Orange Bank &trust Company's most frequently cited loan duration was Other, with 82 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 27 $8,095,000 $299,815 $0 0.00%
    $100k-200k 17 $2,415,000 $142,059 $0 0.00%
    $1MM+ 15 $40,045,000 $2,669,667 $0 0.00%
    $400k-600k 11 $5,295,000 $481,364 $0 0.00%
    $600k-1MM 10 $7,760,000 $776,000 $0 0.00%
    $100,000 or less 2 $160,000 $80,000 $0 0.00%

    2020 saw Orange Bank &trust Company place emphasis on $200k-400k loans with 27 originations, totaling $8,095,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 10 $3,550,000 $355,000 $0 0.00%
    $100k-150k 9 $1,885,000 $209,444 $0 0.00%
    $250k+ 9 $7,285,000 $809,444 $0 0.00%
    $75k-100k 6 $1,430,000 $238,333 $0 0.00%
    $50k-75k 1 $355,000 $355,000 $0 0.00%

    Orange Bank &trust Company lent most frequently to those with incomes in the $150k-250k range, with 10 originations. The second most popular income band? $100k-150k, with 9 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 82 $63,770,000 $777,683 $0 0.00%

    Orange Bank &trust Company lent most frequently to those with DTI ratios of Exempt%, with 82 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 47 $49,265,000 $1,048,191 $0 0.00%
    White 29 $9,855,000 $339,828 $0 0.00%
    Not provided 3 $3,465,000 $1,155,000 $0 0.00%
    Asian 3 $1,185,000 $395,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    79.46%

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

    Pick Rate

    Approvals leading to origination
    91.46%

    Orange Bank &trust Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 82 $63,770,000 $777,683

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 17 $30,825,000 $1,813,235
    Single Family (1-4 Units):Site-Built 65 $32,945,000 $506,846

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Orange Bank &trust Company 91 Brookside Avenue Chester, NY 10918 Full Service B&M $74,716
    Orange Bank &trust Company 1214 East Boston Post Road Mamaroneck, NY 10543 Full Service B&M $80,060
    Orange Bank &trust Company 146 North Church Street Goshen, NY 10924 Full Service B&M $55,368
    Orange Bank &trust Company 2093 Rt 208 Montgomery, NY 12549 Full Service B&M $74,470
    Orange Bank &trust Company 212 Dolson Ave Middletown, NY 10940 Full Service B&M $193,470
    Orange Bank &trust Company 2141 Crompond Road Cortlandt Manor, NY 10567 Full Service B&M $70,066
    Orange Bank &trust Company 254 South Main Street New City, NY 10956 Full Service B&M $93,873
    Orange Bank &trust Company 33 Trust Way Middletown, NY 10940 Full Service B&M $174,251
    Orange Bank &trust Company 42 Waller Avenue White Plains, NY 10601 Full Service B&M $161,058
    Orange Bank &trust Company 510 South Columbus Avenue Mount Vernon, NY 10550 Full Service B&M $173,674
    Orange Bank &trust Company 75 North Street Middletown, NY 10940 Full Service B&M $63,019
    Orange Bank &trust Company 78 North Plank Road Newburgh, NY 12550 Full Service B&M $107,237
    Orange Bank &trust Company 859-861 Franklin Avenue Thornwood, NY 10594 Full Service B&M $116,937

    For 2020, Orange Bank &trust Company had 13 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $53,741
    Net interest income $49,424
    Total noninterest income $5,456
    Gross Fiduciary activities income $2,901
    Service charges on deposit accounts $684
    Trading account gains and fees $0
    Additional Noninterest Income $1,871
    Pre-tax net operating income $13,501
    Securities gains (or losses, -) $804
    Income before extraordinary items $11,872
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $11,872
    Minority interest net income $0
    Net income $11,872
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $11,204

    Orange Bank &trust Company's gross interest income from loans was $53,741,000.
    Orange Bank &trust Company's net interest income from loans was $49,424,000.
    Orange Bank &trust Company's fee based income from loans was $684,000.
    Orange Bank &trust Company's net income from loans was $11,872,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,317
    Provision for credit losses $5,413
    Total noninterest expense $35,966
    Salaries and employee benefits $19,692
    Premises and equipment expense $3,517
    Additional noninterest expense $12,757
    Applicable income taxes $2,433
    Net charge-offs $1,516
    Cash dividends $3,586

    Orange Bank &trust Company's interest expense for loans was $4,317,000.
    Orange Bank &trust Company's payroll and benefits expense were $19,692,000.
    Orange Bank &trust Company's property, plant and equipment expenses $3,517,000.

    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 $1,500,737
    Deposits held in domestic offices $1,500,737
    Deposits by Individuals, partnerships, and corporations $1,277,863
    Deposits by U.S. Government $3
    Deposits by States and political subdivisions in the U.S. $221,597
    Deposits by Commercial banks and other depository institutions in U.S. $1,274
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $183,628
    Demand deposits $74,807
    Nontransaction accounts $1,317,109
    Money market deposit accounts (MMDAs) $1,068,902
    Other savings deposits (excluding MMDAs) $156,811
    Total time deposits $91,395
    Total time and savings deposits $1,425,930
    Noninterest-bearing deposits $532,535
    Interest-bearing deposits $968,201
    Retail deposits $1,476,990
    IRAs and Keogh plan accounts $10,879
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,653,658
    Cash & Balances due from depository institutions $120,210
    Interest-bearing balances $108,189
    Total securities $330,105
    Federal funds sold & reverse repurchase $0
    Net loans and leases $1,134,779
    Loan and leases loss allowance $16,172
    Trading account assets $0
    Bank premises and fixed assets $13,842
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $54,722

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,653,658
    Total Liabilities $1,516,805
    Total deposits $1,500,737
    Interest-bearing deposits $968,201
    Deposits held in domestic offices $1,500,737
    % insured (estimated) $56
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $16,068

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,134,779
    Loan and leases loss allowance $16,172
    Total loans and leases (domestic) $1,150,951
    All real estate loans $832,344
    Real estate loans in domestic offices $832,344
    Construction and development loans $68,917
    Residential 1-4 family construction $2,363
    Other construction, all land development and other land $66,554
    Loans secured by nonfarm nonresidential properties $476,396
    Nonfarm nonresidential secured by owner-occupied properties $159,050
    Commercial real estate & other non-farm, non-residential $317,346
    Multifamily residential real estate $158,317
    1-4 family residential loans $126,173
    Farmland loans $2,541
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $298,543
    To non-U.S. addressees $0
    Loans to individuals $19,946
    Credit card loans $0
    Related Plans $3,137
    Consumer Auto Loans $0
    Other loans to individuals $16,809
    All other loans & leases $118
    Loans to foreign governments and official institutions $0
    Other loans $118
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $1,400
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $14,931
    Non 1-4 family restructured loans & leases $14,801
    Total loans and leases (foreign) $0

    Orange Bank &Trust Company had $1,134,779,000 of loans outstanding in 2020. $832,344,000 of loans were in real estate loans. $68,917,000 of loans were in development loans. $158,317,000 of loans were in multifamily mortgage loans. $126,173,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $0 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 245 $81,080 $330,939
    Nonfarm, nonresidential loans - <$100k 14 $501 $35,786
    Nonfarm, nonresidential loans - $100-250k 60 $7,762 $129,367
    Nonfarm, nonresidential loans - $250k-1MM 171 $72,817 $425,830
    Commercial & Industrial, US addressed loans - <$1MM 1,423 $88,725 $62,351
    Commercial & Industrial, US addressed loans - <$100k 976 $25,768 $26,402
    Commercial & Industrial, US addressed loans - $100-250k 273 $25,490 $93,370
    Commercial & Industrial, US addressed loans - $250k-1MM 174 $37,467 $215,328
    Farmland loans - <$1MM 1 $472 $472,000
    Farmland loans - $250k-1MM 1 $472 $472,000