Apollo Trust Company Mortgage Rates, Fees & Info

APOLLO, PA

LEI: 5493006J2ROMTD5Q0731

Tax ID: 25-0326730

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Mortgage Data

Bank Data

Review & Overview

Apollo Trust Company is a smaller mortgage company specializing in Home Purchase, Refi, and Cash Out Refi loans. Apollo Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Pittsburgh, Somerset, State College, and Meadville among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

Apollo 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.

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Originations

106

Origination Dollar Volume (All Markets)

$20,490,000

Employee count

42

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
PITTSBURGH, PA (FHA|USDA|VA) 103 $19,835,000 $192,573 $0 0.00%
Somerset, PA (FHA|USDA|VA) 1 $335,000 $335,000 $0 0.00%
STATE COLLEGE, PA (FHA|USDA|VA) 1 $275,000 $275,000 $0 0.00%
Meadville, PA (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
Apollo Trust Company's top markets include Pittsburgh, Somerset, State College, and Meadville among others.

Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 106 $20,490,000 $193,302 $0 0.00%

    For 2021, Apollo Trust Company's most frequently originated type of loan was Conventional, with 106 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 37 $6,345,000 $171,486 $0 0.00%
    Refi 31 $7,455,000 $240,484 $0 0.00%
    Cash Out Refi 26 $6,000,000 $230,769 $0 0.00%
    Home Improvement 8 $280,000 $35,000 $0 0.00%
    Other 4 $410,000 $102,500 $0 0.00%

    For 2021, Apollo Trust Company's most frequently cited loan purpose was Home Purchase, with 37 originations. The 2nd most popular reason was Refi, with 31 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 106 $20,490,000 $193,302 $0 0.00%

    For 2021, Apollo Trust Company's most frequently cited loan duration was Other, with 106 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 43 $2,575,000 $59,884 $0 0.00%
    $100k-200k 30 $4,340,000 $144,667 $0 0.00%
    $200k-400k 24 $6,860,000 $285,833 $0 0.00%
    $400k-600k 6 $2,970,000 $495,000 $0 0.00%
    $600k-1MM 2 $1,340,000 $670,000 $0 0.00%
    $1MM+ 1 $2,405,000 $2,405,000 $0 0.00%

    2021 saw Apollo Trust Company place emphasis on $100,000 or less loans with 43 originations, totaling $2,575,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 19 $3,645,000 $191,842 $0 0.00%
    $50k or less 17 $1,485,000 $87,353 $0 0.00%
    $150k-250k 16 $3,670,000 $229,375 $0 0.00%
    $50k-75k 15 $1,735,000 $115,667 $0 0.00%
    $75k-100k 14 $1,720,000 $122,857 $0 0.00%
    $250k+ 7 $2,055,000 $293,571 $0 0.00%

    Apollo Trust Company lent most frequently to those with incomes in the $100k-150k range, with 19 originations. The second most popular income band? $50k or less, with 17 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 106 $20,490,000 $193,302 $0 0.00%

    Apollo Trust Company lent most frequently to those with DTI ratios of Exempt%, with 106 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 85 $13,615,000 $160,176 $0 0.00%
    Not applicable 16 $6,070,000 $379,375 $0 0.00%
    Black 4 $760,000 $190,000 $0 0.00%
    Not provided 1 $45,000 $45,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    87.69%

    Apollo Trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    94.34%

    Apollo Trust Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 106 $20,490,000 $193,302

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    106 $20,490,000 $193,302

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Apollo Trust Company 1696 Pennsylvania 56 Spring Church, PA 15686 Full Service B&M $7,867
    Apollo Trust Company 201 North Warren Avenue Apollo, PA 15613 Full Service B&M $66,353
    Apollo Trust Company 2113 River Road North Apollo, PA 15673 Full Service B&M $19,010
    Apollo Trust Company 312 North Second Street Apollo, PA 15613 Limited, Drive-thru $5,080
    Apollo Trust Company 501 Hyde Park Road Leechburg, PA 15656 Full Service B&M $33,059
    Apollo Trust Company 697 Sportsman Drive Apollo, PA 15613 Full Service B&M $26,221

    For 2021, Apollo Trust Company had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $6,680
    Net interest income $6,545
    Total noninterest income $1,243
    Gross Fiduciary activities income $202
    Service charges on deposit accounts $420
    Trading account gains and fees $0
    Additional Noninterest Income $621
    Pre-tax net operating income $2,450
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,919
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,919
    Minority interest net income $0
    Net income $1,919
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,919

    Apollo Trust Company's gross interest income from loans was $6,680,000.
    Apollo Trust Company's net interest income from loans was $6,545,000.
    Apollo Trust Company's fee based income from loans was $420,000.
    Apollo Trust Company's net income from loans was $1,919,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $135
    Provision for credit losses $4
    Total noninterest expense $5,334
    Salaries and employee benefits $3,053
    Premises and equipment expense $1,066
    Additional noninterest expense $1,215
    Applicable income taxes $531
    Net charge-offs $-1
    Cash dividends $1,107

    Apollo Trust Company's interest expense for loans was $135,000.
    Apollo Trust Company's payroll and benefits expense were $3,053,000.
    Apollo Trust Company's property, plant and equipment expenses $1,066,000.

    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 $160,217
    Deposits held in domestic offices $160,217
    Deposits by Individuals, partnerships, and corporations $158,493
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $1,724
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $74,915
    Demand deposits $70,369
    Nontransaction accounts $85,302
    Money market deposit accounts (MMDAs) $3,928
    Other savings deposits (excluding MMDAs) $71,046
    Total time deposits $10,328
    Total time and savings deposits $89,848
    Noninterest-bearing deposits $70,369
    Interest-bearing deposits $89,847
    Retail deposits $159,197
    IRAs and Keogh plan accounts $4,337
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $181,113
    Cash & Balances due from depository institutions $11,666
    Interest-bearing balances $9,767
    Total securities $23,147
    Federal funds sold & reverse repurchase $0
    Net loans and leases $139,560
    Loan and leases loss allowance $1,199
    Trading account assets $0
    Bank premises and fixed assets $1,836
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $4,904

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $181,113
    Total Liabilities $162,299
    Total deposits $160,217
    Interest-bearing deposits $89,847
    Deposits held in domestic offices $160,217
    % insured (estimated) $90
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $2,082

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $139,560
    Loan and leases loss allowance $1,199
    Total loans and leases (domestic) $140,759
    All real estate loans $125,053
    Real estate loans in domestic offices $125,053
    Construction and development loans $126
    Residential 1-4 family construction $126
    Other construction, all land development and other land $0
    Loans secured by nonfarm nonresidential properties $18,865
    Nonfarm nonresidential secured by owner-occupied properties $7,698
    Commercial real estate & other non-farm, non-residential $11,167
    Multifamily residential real estate $15,377
    1-4 family residential loans $90,685
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $4,379
    To non-U.S. addressees $0
    Loans to individuals $2,318
    Credit card loans $0
    Related Plans $142
    Consumer Auto Loans $1,713
    Other loans to individuals $463
    All other loans & leases $9,070
    Loans to foreign governments and official institutions $0
    Other loans $0
    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 $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    APOLLO TRUST COMPANY had $139,560,000 of loans outstanding in 2021. $125,053,000 of loans were in real estate loans. $126,000 of loans were in development loans. $15,377,000 of loans were in multifamily mortgage loans. $90,685,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $1,713,000 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 56 $14,320 $255,714
    Nonfarm, nonresidential loans - <$100k 8 $277 $34,625
    Nonfarm, nonresidential loans - $100-250k 21 $2,549 $121,381
    Nonfarm, nonresidential loans - $250k-1MM 27 $11,494 $425,704
    Commercial & Industrial, US addressed loans - <$1MM 41 $2,859 $69,732
    Commercial & Industrial, US addressed loans - <$100k 26 $510 $19,615
    Commercial & Industrial, US addressed loans - $100-250k 7 $367 $52,429
    Commercial & Industrial, US addressed loans - $250k-1MM 8 $1,982 $247,750