Pentucket Bank Mortgage Rates, Fees & Info

Haverhill, MA

LEI: 54930061YDWSR567KC82

Tax ID: 81-2054111

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    Pentucket Bank is a smaller bank specializing in Home Purchase and Cash Out Refi loans. Pentucket Bank has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Manchester, Portland, Barnstable Town, and Concord among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Pentucket 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.

    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

    272

    Origination Dollar Volume (All Markets)

    $57,640,000

    Employee count

    125

    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
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 254 $52,240,000 $205,669 $0 0.00%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 9 $2,505,000 $278,333 $0 0.00%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 2 $960,000 $480,000 $0 0.00%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 1 $615,000 $615,000 $0 0.00%
    Concord, NH (FHA|USDA|VA) 3 $575,000 $191,667 $0 0.00%
    Outside of Metro Areas 2 $380,000 $190,000 $0 0.00%
    Lebanon, NH-VT (FHA|USDA|VA) 1 $365,000 $365,000 $0 0.00%
    Pentucket Bank's top markets include Boston, Manchester, Portland, Barnstable Town, and Concord among others.

    Their top states include:
  • Massachusetts (FHA|USDA|VA)
  • New Hampshire (FHA|USDA|VA)
  • Maine (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 272 $57,640,000 $211,912 $0 0.00%

    For 2018, Pentucket Bank's most frequently originated type of loan was Conventional, with 272 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 111 $34,035,000 $306,622 $0 0.00%
    Cash Out Refi 57 $13,665,000 $239,737 $0 0.00%
    Refi 44 $6,240,000 $141,818 $0 0.00%
    Home Improvement 30 $1,210,000 $40,333 $0 0.00%
    Other 30 $2,490,000 $83,000 $0 0.00%

    For 2018, Pentucket Bank's most frequently cited loan purpose was Home Purchase, with 111 originations. The 2nd most popular reason was Cash Out Refi, with 57 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 272 $57,640,000 $211,912 $0 0.00%

    For 2018, Pentucket Bank's most frequently cited loan duration was Other, with 272 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 107 $29,655,000 $277,150 $0 0.00%
    $100,000 or less 80 $3,800,000 $47,500 $0 0.00%
    $100k-200k 67 $9,865,000 $147,239 $0 0.00%
    $400k-600k 12 $5,480,000 $456,667 $0 0.00%
    $600k-1MM 5 $3,935,000 $787,000 $0 0.00%
    $1MM+ 1 $4,905,000 $4,905,000 $0 0.00%

    2018 saw Pentucket Bank place emphasis on $200k-400k loans with 107 originations, totaling $29,655,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 70 $13,570,000 $193,857 $0 0.00%
    $150k-250k 57 $14,175,000 $248,684 $0 0.00%
    $75k-100k 57 $9,955,000 $174,649 $0 0.00%
    $50k-75k 51 $7,605,000 $149,118 $0 0.00%
    $50k or less 18 $1,770,000 $98,333 $0 0.00%
    $250k+ 8 $2,150,000 $268,750 $0 0.00%

    Pentucket Bank lent most frequently to those with incomes in the $100k-150k range, with 70 originations. The second most popular income band? $150k-250k, with 57 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 272 $57,640,000 $211,912 $0 0.00%

    Pentucket Bank lent most frequently to those with DTI ratios of Exempt%, with 272 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 253 $47,305,000 $186,976 $0 0.00%
    Not applicable 6 $7,730,000 $1,288,333 $0 0.00%
    Not provided 9 $1,695,000 $188,333 $0 0.00%
    Black 2 $580,000 $290,000 $0 0.00%
    Asian 2 $330,000 $165,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    86.09%

    Pentucket Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.76%

    Pentucket Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 272 $57,640,000 $211,912

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $6,870,000 $1,717,500
    Single Family (1-4 Units):Manufactured 4 $330,000 $82,500
    Single Family (1-4 Units):Site-Built 264 $50,440,000 $191,061

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    PENTAGON FEDERAL CREDIT UNION Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 11.1%
    PENTAGON FEDERAL CREDIT UNION Conventional home mortgage Incorrect information on your report 1 5.6%
    PENTAGON FEDERAL CREDIT UNION Conventional home mortgage Trouble during payment process 3 16.7%
    PENTAGON FEDERAL CREDIT UNION Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 2 11.1%
    PENTAGON FEDERAL CREDIT UNION Home equity loan or line of credit (HELOC) Trouble during payment process 3 16.7%
    PENTAGON FEDERAL CREDIT UNION Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 5.6%
    PENTAGON FEDERAL CREDIT UNION Other type of mortgage Closing on a mortgage 1 5.6%
    PENTAGON FEDERAL CREDIT UNION Other type of mortgage Struggling to pay mortgage 2 11.1%
    PENTAGON FEDERAL CREDIT UNION Other type of mortgage Trouble during payment process 2 11.1%
    PENTAGON FEDERAL CREDIT UNION Other type of mortgage Unable to get your credit report or credit score 1 5.6%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Pentucket Bank 1065 Osgood Street North Andover, MA 1845 Full Service B&M $40,102
    Pentucket Bank 120 Lincoln Avenue Haverhill, MA 1830 Full Service B&M $66,748
    Pentucket Bank 201 Route 111 Hampstead, NH 3841 Full Service B&M $73,472
    Pentucket Bank 234 North Broadway Salem, NH 3079 Full Service B&M $73,676
    Pentucket Bank 395 Lowell Avenue Haverhill, MA 1830 Full Service B&M $85,352
    Pentucket Bank One Merrimack Street Haverhill, MA 1830 Full Service B&M $261,463

    For 2018, Pentucket Bank had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $27,551
    Net interest income $21,416
    Total noninterest income $2,490
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $658
    Trading account gains and fees $0
    Additional Noninterest Income $1,832
    Pre-tax net operating income $2,589
    Securities gains (or losses, -) $3,824
    Income before extraordinary items $5,261
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,261
    Minority interest net income $0
    Net income $5,261
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,125

    Pentucket Bank's gross interest income from loans was $27,551,000.
    Pentucket Bank's net interest income from loans was $21,416,000.
    Pentucket Bank's fee based income from loans was $658,000.
    Pentucket Bank's net income from loans was $5,261,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $6,135
    Provision for credit losses $321
    Total noninterest expense $20,996
    Salaries and employee benefits $13,159
    Premises and equipment expense $3,070
    Additional noninterest expense $4,767
    Applicable income taxes $1,152
    Net charge-offs $380
    Cash dividends $0

    Pentucket Bank's interest expense for loans was $6,135,000.
    Pentucket Bank's payroll and benefits expense were $13,159,000.
    Pentucket Bank's property, plant and equipment expenses $3,070,000.

    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 $635,361
    Deposits held in domestic offices $635,361
    Deposits by Individuals, partnerships, and corporations $622,059
    Deposits by U.S. Government $320
    Deposits by States and political subdivisions in the U.S. $8,271
    Deposits by Commercial banks and other depository institutions in U.S. $4,711
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $149,864
    Demand deposits $104,214
    Nontransaction accounts $485,497
    Money market deposit accounts (MMDAs) $168,613
    Other savings deposits (excluding MMDAs) $89,508
    Total time deposits $227,376
    Total time and savings deposits $531,147
    Noninterest-bearing deposits $95,886
    Interest-bearing deposits $539,476
    Retail deposits $542,522
    IRAs and Keogh plan accounts $41,494
    Brokered deposits $11,106
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $753,767
    Cash & Balances due from depository institutions $9,689
    Interest-bearing balances $3,489
    Total securities $114,806
    Federal funds sold & reverse repurchase $210
    Net loans and leases $588,956
    Loan and leases loss allowance $4,244
    Trading account assets $0
    Bank premises and fixed assets $12,270
    Other real estate owned $0
    Goodwill and other intangibles $8
    All other assets $27,828

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $753,767
    Total Liabilities $664,722
    Total deposits $635,361
    Interest-bearing deposits $539,476
    Deposits held in domestic offices $635,361
    % insured (estimated) $74
    Federal funds purchased and repurchase agreements $8,300
    Trading liabilities $0
    Other borrowed funds $12,799
    Subordinated debt $0
    All other liabilities $8,262

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $588,956
    Loan and leases loss allowance $4,244
    Total loans and leases (domestic) $593,200
    All real estate loans $511,390
    Real estate loans in domestic offices $511,390
    Construction and development loans $22,073
    Residential 1-4 family construction $4,487
    Other construction, all land development and other land $17,586
    Loans secured by nonfarm nonresidential properties $167,808
    Nonfarm nonresidential secured by owner-occupied properties $91,001
    Commercial real estate & other non-farm, non-residential $76,807
    Multifamily residential real estate $15,342
    1-4 family residential loans $305,924
    Farmland loans $243
    Loans held in foreign offices $0
    Farm loans $785
    Commercial and industrial loans $79,143
    To non-U.S. addressees $0
    Loans to individuals $1,832
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $476
    Other loans to individuals $1,356
    All other loans & leases $49
    Loans to foreign governments and official institutions $0
    Other loans $49
    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 $1,913
    Non 1-4 family restructured loans & leases $1,757
    Total loans and leases (foreign) $0

    Pentucket Bank had $588,956,000 of loans outstanding in 2018. $511,390,000 of loans were in real estate loans. $22,073,000 of loans were in development loans. $15,342,000 of loans were in multifamily mortgage loans. $305,924,000 of loans were in 1-4 family mortgage loans. $785,000 of loans were in farm loans. $0 of loans were in credit card loans. $476,000 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 192 $45,679 $237,911
    Nonfarm, nonresidential loans - <$100k 20 $928 $46,400
    Nonfarm, nonresidential loans - $100-250k 70 $7,590 $108,429
    Nonfarm, nonresidential loans - $250k-1MM 102 $37,161 $364,324
    Commercial & Industrial, US addressed loans - <$1MM 350 $31,109 $88,883
    Commercial & Industrial, US addressed loans - <$100k 186 $4,263 $22,919
    Commercial & Industrial, US addressed loans - $100-250k 92 $8,819 $95,859
    Commercial & Industrial, US addressed loans - $250k-1MM 72 $18,027 $250,375
    Farmland loans - <$1MM 1 $243 $243,000
    Farmland loans - $100-250k 1 $243 $243,000
    Agriculture operations loans - <$1MM 6 $785 $130,833
    Agriculture operations loans - <$100k 3 $71 $23,667
    Agriculture operations loans - $100-250k 2 $324 $162,000
    Agriculture operations loans - $250k-1MM 1 $390 $390,000