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 Cash Out Refi, Home Purchase, and Refi loans. Pentucket Bank has a high proportion of conventional loans. Their top markets by origination volume include: Boston, Manchester, Barnstable Town, Portland, and Hartford among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Pentucket Bank has an above 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

    334

    Origination Dollar Volume (All Markets)

    $109,200,000

    Employee count

    122

    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) 310 $99,280,000 $320,258 $0 0.00%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 13 $3,795,000 $291,923 $0 0.00%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 1 $2,905,000 $2,905,000 $0 0.00%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 3 $1,465,000 $488,333 $0 0.00%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1 $465,000 $465,000 $0 0.00%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $405,000 $405,000 $0 0.00%
    WORCESTER, MA-CT (FHA|USDA|VA) 1 $355,000 $355,000 $0 0.00%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $165,000 $165,000 $0 0.00%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
    Berlin, NH (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
    Outside of Metro Areas 1 $105,000 $105,000 $0 0.00%
    Pentucket Bank's top markets include Boston, Manchester, Barnstable Town, Portland, and Hartford among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 334 $109,200,000 $326,946 $0 0.00%

    For 2021, Pentucket Bank's most frequently originated type of loan was Conventional, with 334 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 149 $45,865,000 $307,819 $0 0.00%
    Home Purchase 112 $35,230,000 $314,554 $0 0.00%
    Refi 48 $24,600,000 $512,500 $0 0.00%
    Home Improvement 13 $525,000 $40,385 $0 0.00%
    Other 12 $2,980,000 $248,333 $0 0.00%

    For 2021, Pentucket Bank's most frequently cited loan purpose was Cash Out Refi, with 149 originations. The 2nd most popular reason was Home Purchase, with 112 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 334 $109,200,000 $326,946 $0 0.00%

    For 2021, Pentucket Bank's most frequently cited loan duration was Other, with 334 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 151 $44,115,000 $292,152 $0 0.00%
    $100k-200k 83 $12,535,000 $151,024 $0 0.00%
    $400k-600k 56 $25,790,000 $460,536 $0 0.00%
    $100,000 or less 29 $1,545,000 $53,276 $0 0.00%
    $600k-1MM 10 $7,530,000 $753,000 $0 0.00%
    $1MM+ 5 $17,685,000 $3,537,000 $0 0.00%

    2021 saw Pentucket Bank place emphasis on $200k-400k loans with 151 originations, totaling $44,115,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 84 $22,590,000 $268,929 $0 0.00%
    $150k-250k 70 $23,550,000 $336,429 $0 0.00%
    $50k-75k 58 $11,150,000 $192,241 $0 0.00%
    $75k-100k 49 $12,325,000 $251,531 $0 0.00%
    $250k+ 24 $13,630,000 $567,917 $0 0.00%
    $50k or less 22 $2,790,000 $126,818 $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 70 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 334 $109,200,000 $326,946 $0 0.00%

    Pentucket Bank lent most frequently to those with DTI ratios of Exempt%, with 334 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 294 $84,270,000 $286,633 $0 0.00%
    Not applicable 19 $19,995,000 $1,052,368 $0 0.00%
    Not provided 8 $2,070,000 $258,750 $0 0.00%
    Black 8 $1,770,000 $221,250 $0 0.00%
    Asian 5 $1,095,000 $219,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.49%

    Pentucket Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    83.23%

    Pentucket Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 334 $109,200,000 $326,946

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    334 $109,200,000 $326,946

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    PENTAGON FEDERAL CREDIT UNION Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 24 15.4%
    PENTAGON FEDERAL CREDIT UNION Conventional home mortgage Closing on a mortgage 21 13.5%
    PENTAGON FEDERAL CREDIT UNION Conventional home mortgage Incorrect information on your report 1 0.6%
    PENTAGON FEDERAL CREDIT UNION Conventional home mortgage Struggling to pay mortgage 2 1.3%
    PENTAGON FEDERAL CREDIT UNION Conventional home mortgage Trouble during payment process 38 24.4%
    PENTAGON FEDERAL CREDIT UNION FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 0.6%
    PENTAGON FEDERAL CREDIT UNION FHA mortgage Closing on a mortgage 1 0.6%
    PENTAGON FEDERAL CREDIT UNION FHA mortgage Incorrect information on your report 1 0.6%
    PENTAGON FEDERAL CREDIT UNION FHA mortgage Struggling to pay mortgage 1 0.6%
    PENTAGON FEDERAL CREDIT UNION Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 8 5.1%
    PENTAGON FEDERAL CREDIT UNION Home equity loan or line of credit (HELOC) Closing on a mortgage 7 4.5%
    PENTAGON FEDERAL CREDIT UNION Home equity loan or line of credit (HELOC) Improper use of your report 1 0.6%
    PENTAGON FEDERAL CREDIT UNION Home equity loan or line of credit (HELOC) Incorrect information on your report 1 0.6%
    PENTAGON FEDERAL CREDIT UNION Home equity loan or line of credit (HELOC) Struggling to pay mortgage 3 1.9%
    PENTAGON FEDERAL CREDIT UNION Home equity loan or line of credit (HELOC) Trouble during payment process 17 10.9%
    PENTAGON FEDERAL CREDIT UNION Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 4 2.6%
    PENTAGON FEDERAL CREDIT UNION Other type of mortgage Closing on a mortgage 1 0.6%
    PENTAGON FEDERAL CREDIT UNION Other type of mortgage Problem with fraud alerts or security freezes 1 0.6%
    PENTAGON FEDERAL CREDIT UNION Other type of mortgage Struggling to pay mortgage 1 0.6%
    PENTAGON FEDERAL CREDIT UNION Other type of mortgage Trouble during payment process 3 1.9%
    PENTAGON FEDERAL CREDIT UNION VA mortgage Applying for a mortgage or refinancing an existing mortgage 10 6.4%
    PENTAGON FEDERAL CREDIT UNION VA mortgage Closing on a mortgage 4 2.6%
    PENTAGON FEDERAL CREDIT UNION VA mortgage Trouble during payment process 5 3.2%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Pentucket Bank 1 Merrimack St Haverhill, MA 1830 Full Service B&M $292,200
    Pentucket Bank 1065 Osgood Street North Andover, MA 1845 Full Service B&M $63,205
    Pentucket Bank 120 Lincoln Avenue Haverhill, MA 1830 Full Service B&M $90,808
    Pentucket Bank 201 Route 111 Hampstead, NH 3841 Full Service B&M $119,623
    Pentucket Bank 234 North Broadway Salem, NH 3079 Full Service B&M $106,504
    Pentucket Bank 395 Lowell Avenue Haverhill, MA 1830 Full Service B&M $97,709

    For 2021, Pentucket Bank had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $30,609
    Net interest income $27,764
    Total noninterest income $3,003
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $553
    Trading account gains and fees $0
    Additional Noninterest Income $2,450
    Pre-tax net operating income $6,347
    Securities gains (or losses, -) $7,433
    Income before extraordinary items $10,698
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $10,698
    Minority interest net income $0
    Net income $10,698
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,825

    Pentucket Bank's gross interest income from loans was $30,609,000.
    Pentucket Bank's net interest income from loans was $27,764,000.
    Pentucket Bank's fee based income from loans was $553,000.
    Pentucket Bank's net income from loans was $10,698,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,845
    Provision for credit losses $1,125
    Total noninterest expense $23,295
    Salaries and employee benefits $13,899
    Premises and equipment expense $3,385
    Additional noninterest expense $6,011
    Applicable income taxes $3,082
    Net charge-offs $-41
    Cash dividends $0

    Pentucket Bank's interest expense for loans was $2,845,000.
    Pentucket Bank's payroll and benefits expense were $13,899,000.
    Pentucket Bank's property, plant and equipment expenses $3,385,000.

    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 2.0%
    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 $824,161
    Deposits held in domestic offices $824,161
    Deposits by Individuals, partnerships, and corporations $796,120
    Deposits by U.S. Government $330
    Deposits by States and political subdivisions in the U.S. $24,210
    Deposits by Commercial banks and other depository institutions in U.S. $3,501
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $255,884
    Demand deposits $162,612
    Nontransaction accounts $568,277
    Money market deposit accounts (MMDAs) $316,508
    Other savings deposits (excluding MMDAs) $121,171
    Total time deposits $130,598
    Total time and savings deposits $661,549
    Noninterest-bearing deposits $164,459
    Interest-bearing deposits $659,702
    Retail deposits $782,155
    IRAs and Keogh plan accounts $34,904
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $977,461
    Cash & Balances due from depository institutions $65,211
    Interest-bearing balances $60,168
    Total securities $156,106
    Federal funds sold & reverse repurchase $1,157
    Net loans and leases $703,723
    Loan and leases loss allowance $7,435
    Trading account assets $0
    Bank premises and fixed assets $16,410
    Other real estate owned $0
    Goodwill and other intangibles $4
    All other assets $34,850

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $977,461
    Total Liabilities $865,684
    Total deposits $824,161
    Interest-bearing deposits $659,702
    Deposits held in domestic offices $824,161
    % insured (estimated) $67
    Federal funds purchased and repurchase agreements $17,909
    Trading liabilities $0
    Other borrowed funds $16,344
    Subordinated debt $0
    All other liabilities $7,270

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $703,723
    Loan and leases loss allowance $7,435
    Total loans and leases (domestic) $711,158
    All real estate loans $652,821
    Real estate loans in domestic offices $652,821
    Construction and development loans $23,651
    Residential 1-4 family construction $1,699
    Other construction, all land development and other land $21,952
    Loans secured by nonfarm nonresidential properties $225,992
    Nonfarm nonresidential secured by owner-occupied properties $122,093
    Commercial real estate & other non-farm, non-residential $103,899
    Multifamily residential real estate $45,008
    1-4 family residential loans $357,951
    Farmland loans $219
    Loans held in foreign offices $0
    Farm loans $170
    Commercial and industrial loans $57,018
    To non-U.S. addressees $0
    Loans to individuals $1,032
    Credit card loans $0
    Related Plans $14
    Consumer Auto Loans $199
    Other loans to individuals $819
    All other loans & leases $117
    Loans to foreign governments and official institutions $0
    Other loans $117
    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 $878
    Non 1-4 family restructured loans & leases $740
    Total loans and leases (foreign) $0

    Pentucket Bank had $703,723,000 of loans outstanding in 2021. $652,821,000 of loans were in real estate loans. $23,651,000 of loans were in development loans. $45,008,000 of loans were in multifamily mortgage loans. $357,951,000 of loans were in 1-4 family mortgage loans. $170,000 of loans were in farm loans. $0 of loans were in credit card loans. $199,000 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 178 $42,543 $239,006
    Nonfarm, nonresidential loans - <$100k 22 $1,032 $46,909
    Nonfarm, nonresidential loans - $100-250k 57 $5,726 $100,456
    Nonfarm, nonresidential loans - $250k-1MM 99 $35,785 $361,465
    Commercial & Industrial, US addressed loans - <$1MM 395 $30,567 $77,385
    Commercial & Industrial, US addressed loans - <$100k 233 $5,405 $23,197
    Commercial & Industrial, US addressed loans - $100-250k 99 $8,683 $87,707
    Commercial & Industrial, US addressed loans - $250k-1MM 63 $16,479 $261,571
    Farmland loans - <$1MM 1 $219 $219,000
    Farmland loans - $100-250k 1 $219 $219,000
    Agriculture operations loans - <$1MM 4 $170 $42,500
    Agriculture operations loans - <$100k 1 $4 $4,000
    Agriculture operations loans - $100-250k 3 $166 $55,333