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, Laconia, Portland, 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

    310

    Origination Dollar Volume (All Markets)

    $71,660,000

    Employee count

    132

    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) 290 $66,620,000 $229,724 $0 0.00%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 11 $2,425,000 $220,455 $0 0.00%
    Outside of Metro Areas 2 $1,000,000 $500,000 $0 0.00%
    Laconia, NH (FHA|USDA|VA) 3 $755,000 $251,667 $0 0.00%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 2 $710,000 $355,000 $0 0.00%
    Concord, NH (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
    WORCESTER, MA-CT (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
    Pentucket Bank's top markets include Boston, Manchester, Laconia, Portland, 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 310 $71,660,000 $231,161 $0 0.00%

    For 2019, Pentucket Bank's most frequently originated type of loan was Conventional, with 310 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 123 $37,305,000 $303,293 $0 0.00%
    Cash Out Refi 67 $18,935,000 $282,612 $0 0.00%
    Refi 51 $10,525,000 $206,373 $0 0.00%
    Home Improvement 41 $2,705,000 $65,976 $0 0.00%
    Other 28 $2,190,000 $78,214 $0 0.00%

    For 2019, Pentucket Bank's most frequently cited loan purpose was Home Purchase, with 123 originations. The 2nd most popular reason was Cash Out Refi, with 67 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 310 $71,660,000 $231,161 $0 0.00%

    For 2019, Pentucket Bank's most frequently cited loan duration was Other, with 310 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 135 $39,305,000 $291,148 $0 0.00%
    $100,000 or less 81 $3,565,000 $44,012 $0 0.00%
    $100k-200k 62 $9,380,000 $151,290 $0 0.00%
    $400k-600k 24 $11,210,000 $467,083 $0 0.00%
    $600k-1MM 7 $4,515,000 $645,000 $0 0.00%
    $1MM+ 1 $3,685,000 $3,685,000 $0 0.00%

    2019 saw Pentucket Bank place emphasis on $200k-400k loans with 135 originations, totaling $39,305,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 84 $17,750,000 $211,310 $0 0.00%
    $150k-250k 58 $16,560,000 $285,517 $0 0.00%
    $50k-75k 55 $8,145,000 $148,091 $0 0.00%
    $75k-100k 50 $10,410,000 $208,200 $0 0.00%
    $250k+ 22 $8,790,000 $399,545 $0 0.00%
    $50k or less 18 $1,100,000 $61,111 $0 0.00%

    Pentucket Bank lent most frequently to those with incomes in the $100k-150k range, with 84 originations. The second most popular income band? $150k-250k, with 58 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 310 $71,660,000 $231,161 $0 0.00%

    Pentucket Bank lent most frequently to those with DTI ratios of Exempt%, with 310 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 274 $60,110,000 $219,380 $0 0.00%
    Not applicable 13 $6,945,000 $534,231 $0 0.00%
    Not provided 11 $2,065,000 $187,727 $0 0.00%
    Black 4 $1,110,000 $277,500 $0 0.00%
    Asian 7 $955,000 $136,429 $0 0.00%
    Native Hawaiian or Islander 1 $475,000 $475,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    84.73%

    Pentucket Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    89.35%

    Pentucket Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 310 $71,660,000 $231,161

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $4,680,000 $1,170,000
    Single Family (1-4 Units):Manufactured 3 $335,000 $111,667
    Single Family (1-4 Units):Site-Built 303 $66,645,000 $219,950

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    PENTAGON FEDERAL CREDIT UNION Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 9.5%
    PENTAGON FEDERAL CREDIT UNION Conventional home mortgage Trouble during payment process 8 38.1%
    PENTAGON FEDERAL CREDIT UNION Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 2 9.5%
    PENTAGON FEDERAL CREDIT UNION Home equity loan or line of credit (HELOC) Closing on a mortgage 2 9.5%
    PENTAGON FEDERAL CREDIT UNION Home equity loan or line of credit (HELOC) Struggling to pay mortgage 1 4.8%
    PENTAGON FEDERAL CREDIT UNION Home equity loan or line of credit (HELOC) Trouble during payment process 2 9.5%
    PENTAGON FEDERAL CREDIT UNION Other type of mortgage Trouble during payment process 3 14.3%
    PENTAGON FEDERAL CREDIT UNION VA mortgage Closing on a mortgage 1 4.8%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Pentucket Bank 1065 Osgood Street North Andover, MA 1845 Full Service B&M $63,197
    Pentucket Bank 120 Lincoln Avenue Haverhill, MA 1830 Full Service B&M $72,893
    Pentucket Bank 201 Route 111 Hampstead, NH 3841 Full Service B&M $89,585
    Pentucket Bank 234 North Broadway Salem, NH 3079 Full Service B&M $77,258
    Pentucket Bank 395 Lowell Avenue Haverhill, MA 1830 Full Service B&M $93,355
    Pentucket Bank One Merrimack Street Haverhill, MA 1830 Full Service B&M $269,305

    For 2019, Pentucket Bank had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $30,387
    Net interest income $21,522
    Total noninterest income $2,675
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $657
    Trading account gains and fees $0
    Additional Noninterest Income $2,018
    Pre-tax net operating income $1,706
    Securities gains (or losses, -) $4,862
    Income before extraordinary items $5,307
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,307
    Minority interest net income $0
    Net income $5,307
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,368

    Pentucket Bank's gross interest income from loans was $30,387,000.
    Pentucket Bank's net interest income from loans was $21,522,000.
    Pentucket Bank's fee based income from loans was $657,000.
    Pentucket Bank's net income from loans was $5,307,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $8,865
    Provision for credit losses $530
    Total noninterest expense $21,961
    Salaries and employee benefits $14,178
    Premises and equipment expense $3,052
    Additional noninterest expense $4,731
    Applicable income taxes $1,261
    Net charge-offs $2
    Cash dividends $0

    Pentucket Bank's interest expense for loans was $8,865,000.
    Pentucket Bank's payroll and benefits expense were $14,178,000.
    Pentucket Bank's property, plant and equipment expenses $3,052,000.

    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 3.0%
    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 $666,954
    Deposits held in domestic offices $666,954
    Deposits by Individuals, partnerships, and corporations $655,381
    Deposits by U.S. Government $324
    Deposits by States and political subdivisions in the U.S. $8,023
    Deposits by Commercial banks and other depository institutions in U.S. $3,226
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $35,468
    Demand deposits $22,550
    Nontransaction accounts $631,486
    Money market deposit accounts (MMDAs) $172,007
    Other savings deposits (excluding MMDAs) $200,888
    Total time deposits $258,592
    Total time and savings deposits $644,404
    Noninterest-bearing deposits $91,992
    Interest-bearing deposits $574,962
    Retail deposits $562,872
    IRAs and Keogh plan accounts $40,221
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $808,795
    Cash & Balances due from depository institutions $5,397
    Interest-bearing balances $530
    Total securities $105,162
    Federal funds sold & reverse repurchase $310
    Net loans and leases $657,406
    Loan and leases loss allowance $4,772
    Trading account assets $0
    Bank premises and fixed assets $12,066
    Other real estate owned $0
    Goodwill and other intangibles $6
    All other assets $28,448

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $808,795
    Total Liabilities $713,240
    Total deposits $666,954
    Interest-bearing deposits $574,962
    Deposits held in domestic offices $666,954
    % insured (estimated) $75
    Federal funds purchased and repurchase agreements $10,186
    Trading liabilities $0
    Other borrowed funds $25,653
    Subordinated debt $0
    All other liabilities $10,447

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $657,406
    Loan and leases loss allowance $4,772
    Total loans and leases (domestic) $662,178
    All real estate loans $582,182
    Real estate loans in domestic offices $582,182
    Construction and development loans $35,732
    Residential 1-4 family construction $13,007
    Other construction, all land development and other land $22,725
    Loans secured by nonfarm nonresidential properties $184,183
    Nonfarm nonresidential secured by owner-occupied properties $104,876
    Commercial real estate & other non-farm, non-residential $79,307
    Multifamily residential real estate $21,740
    1-4 family residential loans $340,291
    Farmland loans $236
    Loans held in foreign offices $0
    Farm loans $787
    Commercial and industrial loans $77,441
    To non-U.S. addressees $0
    Loans to individuals $1,639
    Credit card loans $0
    Related Plans $19
    Consumer Auto Loans $343
    Other loans to individuals $1,277
    All other loans & leases $128
    Loans to foreign governments and official institutions $0
    Other loans $128
    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 $2,200
    Non 1-4 family restructured loans & leases $1,923
    Total loans and leases (foreign) $0

    Pentucket Bank had $657,406,000 of loans outstanding in 2019. $582,182,000 of loans were in real estate loans. $35,732,000 of loans were in development loans. $21,740,000 of loans were in multifamily mortgage loans. $340,291,000 of loans were in 1-4 family mortgage loans. $787,000 of loans were in farm loans. $0 of loans were in credit card loans. $343,000 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 $45,281 $235,839
    Nonfarm, nonresidential loans - <$100k 24 $1,013 $42,208
    Nonfarm, nonresidential loans - $100-250k 70 $8,186 $116,943
    Nonfarm, nonresidential loans - $250k-1MM 98 $36,082 $368,184
    Commercial & Industrial, US addressed loans - <$1MM 356 $28,208 $79,236
    Commercial & Industrial, US addressed loans - <$100k 202 $4,546 $22,505
    Commercial & Industrial, US addressed loans - $100-250k 95 $9,484 $99,832
    Commercial & Industrial, US addressed loans - $250k-1MM 59 $14,178 $240,305
    Farmland loans - <$1MM 1 $236 $236,000
    Farmland loans - $100-250k 1 $236 $236,000
    Agriculture operations loans - <$1MM 6 $787 $131,167
    Agriculture operations loans - <$100k 2 $45 $22,500
    Agriculture operations loans - $100-250k 3 $392 $130,667
    Agriculture operations loans - $250k-1MM 1 $350 $350,000