Orange Bank &trust Company Mortgage Rates, Fees & Info

Middletown, NY

LEI: 5493005ONLDV0W4QDI82

Tax ID: 14-0945678

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

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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 Refi and Home Purchase loans. Orange Bank &trust Company has a high proportion of conventional loans. Their top markets by origination volume include: New York, Poughkeepsie, Torrington, Bridgeport, and Kingston among others. We have data for 6 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

    85

    Origination Dollar Volume (All Markets)

    $116,305,000

    Employee count

    179

    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) 44 $76,480,000 $1,738,182 $0 0.00%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 34 $35,900,000 $1,055,882 $0 0.00%
    Outside of Metro Areas 4 $1,620,000 $405,000 $0 0.00%
    Torrington, CT (FHA|USDA|VA) 1 $995,000 $995,000 $0 0.00%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $725,000 $725,000 $0 0.00%
    KINGSTON, NY (FHA|USDA|VA) 1 $585,000 $585,000 $0 0.00%
    Orange Bank &trust Company's top markets include New York, Poughkeepsie, Torrington, Bridgeport, and Kingston among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 85 $116,305,000 $1,368,294 $0 0.00%

    For 2021, Orange Bank &trust Company's most frequently originated type of loan was Conventional, with 85 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 44 $64,150,000 $1,457,955 $0 0.00%
    Home Purchase 33 $48,945,000 $1,483,182 $0 0.00%
    Cash Out Refi 5 $2,645,000 $529,000 $0 0.00%
    Other 2 $540,000 $270,000 $0 0.00%
    Home Improvement 1 $25,000 $25,000 $0 0.00%

    For 2021, Orange Bank &trust Company's most frequently cited loan purpose was Refi, with 44 originations. The 2nd most popular reason was Home Purchase, with 33 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 85 $116,305,000 $1,368,294 $0 0.00%

    For 2021, Orange Bank &trust Company's most frequently cited loan duration was Other, with 85 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 24 $89,810,000 $3,742,083 $0 0.00%
    $200k-400k 20 $6,210,000 $310,500 $0 0.00%
    $400k-600k 16 $8,080,000 $505,000 $0 0.00%
    $600k-1MM 15 $10,855,000 $723,667 $0 0.00%
    $100k-200k 8 $1,240,000 $155,000 $0 0.00%
    $100,000 or less 2 $110,000 $55,000 $0 0.00%

    2021 saw Orange Bank &trust Company place emphasis on $1MM+ loans with 24 originations, totaling $89,810,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 14 $11,070,000 $790,714 $0 0.00%
    $150k-250k 10 $3,630,000 $363,000 $0 0.00%
    $100k-150k 4 $790,000 $197,500 $0 0.00%
    $75k-100k 2 $270,000 $135,000 $0 0.00%

    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 10 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 85 $116,305,000 $1,368,294 $0 0.00%

    Orange Bank &trust Company lent most frequently to those with DTI ratios of Exempt%, with 85 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 55 $100,545,000 $1,828,091 $0 0.00%
    White 26 $13,850,000 $532,692 $0 0.00%
    Not provided 3 $1,585,000 $528,333 $0 0.00%
    Asian 1 $325,000 $325,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    88.68%

    Orange Bank &trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.41%

    Orange Bank &trust Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 85 $116,305,000 $1,368,294

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    85 $116,305,000 $1,368,294

    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 $98,675
    Orange Bank &trust Company 146 North Church Street Goshen, NY 10924 Full Service B&M $70,355
    Orange Bank &trust Company 2093 Rt 208 Montgomery, NY 12549 Full Service B&M $89,130
    Orange Bank &trust Company 212 Dolson Ave Middletown, NY 10940 Full Service B&M $249,900
    Orange Bank &trust Company 2141 Crompond Road Cortlandt Manor, NY 10567 Full Service B&M $82,960
    Orange Bank &trust Company 254 South Main Street New City, NY 10956 Full Service B&M $122,108
    Orange Bank &trust Company 33 Trust Way Middletown, NY 10940 Full Service B&M $201,631
    Orange Bank &trust Company 42 Waller Avenue White Plains, NY 10601 Full Service B&M $235,130
    Orange Bank &trust Company 510 South Columbus Avenue Mount Vernon, NY 10550 Full Service B&M $206,237
    Orange Bank &trust Company 75 North Street Middletown, NY 10940 Full Service B&M $81,947
    Orange Bank &trust Company 78 North Plank Road Newburgh, NY 12550 Full Service B&M $134,785
    Orange Bank &trust Company 859-861 Franklin Avenue Thornwood, NY 10594 Full Service B&M $136,784
    Orange Bank &trust Company 91 Brookside Avenue Chester, NY 10918 Full Service B&M $170,295

    For 2021, Orange Bank &trust Company had 13 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $64,430
    Net interest income $61,550
    Total noninterest income $6,512
    Gross Fiduciary activities income $3,599
    Service charges on deposit accounts $618
    Trading account gains and fees $0
    Additional Noninterest Income $2,295
    Pre-tax net operating income $26,872
    Securities gains (or losses, -) $0
    Income before extraordinary items $21,401
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $21,401
    Minority interest net income $0
    Net income $21,401
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $21,401

    Orange Bank &trust Company's gross interest income from loans was $64,430,000.
    Orange Bank &trust Company's net interest income from loans was $61,550,000.
    Orange Bank &trust Company's fee based income from loans was $618,000.
    Orange Bank &trust Company's net income from loans was $21,401,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,880
    Provision for credit losses $2,428
    Total noninterest expense $38,762
    Salaries and employee benefits $20,323
    Premises and equipment expense $3,840
    Additional noninterest expense $14,599
    Applicable income taxes $5,471
    Net charge-offs $940
    Cash dividends $4,029

    Orange Bank &trust Company's interest expense for loans was $2,880,000.
    Orange Bank &trust Company's payroll and benefits expense were $20,323,000.
    Orange Bank &trust Company's property, plant and equipment expenses $3,840,000.

    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 1.0%
    Credit card loans 0.0%
    Other individual loans 1.0%
    Auto loans 0.0%
    Other consumer loans 1.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $1,940,636
    Deposits held in domestic offices $1,940,636
    Deposits by Individuals, partnerships, and corporations $1,666,095
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $272,625
    Deposits by Commercial banks and other depository institutions in U.S. $1,916
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $908,461
    Demand deposits $9,195
    Nontransaction accounts $1,032,175
    Money market deposit accounts (MMDAs) $736,144
    Other savings deposits (excluding MMDAs) $213,582
    Total time deposits $82,449
    Total time and savings deposits $1,931,441
    Noninterest-bearing deposits $727,898
    Interest-bearing deposits $1,212,739
    Retail deposits $1,917,777
    IRAs and Keogh plan accounts $9,371
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $2,133,393
    Cash & Balances due from depository institutions $306,173
    Interest-bearing balances $299,517
    Total securities $464,797
    Federal funds sold & reverse repurchase $0
    Net loans and leases $1,273,767
    Loan and leases loss allowance $17,661
    Trading account assets $0
    Bank premises and fixed assets $17,287
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $71,369

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $2,133,393
    Total Liabilities $1,961,518
    Total deposits $1,940,636
    Interest-bearing deposits $1,212,739
    Deposits held in domestic offices $1,940,636
    % insured (estimated) $41
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $20,882

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,273,767
    Loan and leases loss allowance $17,661
    Total loans and leases (domestic) $1,291,428
    All real estate loans $1,003,843
    Real estate loans in domestic offices $1,003,843
    Construction and development loans $79,230
    Residential 1-4 family construction $7,777
    Other construction, all land development and other land $71,453
    Loans secured by nonfarm nonresidential properties $616,301
    Nonfarm nonresidential secured by owner-occupied properties $184,475
    Commercial real estate & other non-farm, non-residential $431,826
    Multifamily residential real estate $173,807
    1-4 family residential loans $130,573
    Farmland loans $3,932
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $260,848
    To non-U.S. addressees $0
    Loans to individuals $19,019
    Credit card loans $0
    Related Plans $3,676
    Consumer Auto Loans $0
    Other loans to individuals $15,343
    All other loans & leases $7,718
    Loans to foreign governments and official institutions $0
    Other loans $7,718
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $400
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $14,462
    Non 1-4 family restructured loans & leases $14,462
    Total loans and leases (foreign) $0

    Orange Bank &Trust Company had $1,273,767,000 of loans outstanding in 2021. $1,003,843,000 of loans were in real estate loans. $79,230,000 of loans were in development loans. $173,807,000 of loans were in multifamily mortgage loans. $130,573,000 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 275 $102,831 $373,931
    Nonfarm, nonresidential loans - <$100k 14 $377 $26,929
    Nonfarm, nonresidential loans - $100-250k 54 $7,090 $131,296
    Nonfarm, nonresidential loans - $250k-1MM 207 $95,364 $460,696
    Commercial & Industrial, US addressed loans - <$1MM 514 $59,337 $115,442
    Commercial & Industrial, US addressed loans - <$100k 292 $9,040 $30,959
    Commercial & Industrial, US addressed loans - $100-250k 113 $13,147 $116,345
    Commercial & Industrial, US addressed loans - $250k-1MM 109 $37,150 $340,826
    Farmland loans - <$1MM 2 $921 $460,500
    Farmland loans - $250k-1MM 2 $921 $460,500