Mauch Chunk Trust Company Mortgage Rates, Fees & Info
Jim Thorpe, PALEI: 549300E3UCOTNUZIEB53
Tax ID: 23-3102809
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Bank Data
Review & Overview
Mauch Chunk Trust Company is a smaller mortgage company specializing in Refi and Home Purchase loans. Mauch Chunk Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Allentown, Pottsville, East Stroudsburg, and Scranton among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Mauch Chunk 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.
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Originations
173Origination Dollar Volume (All Markets)
$25,535,000Employee count
89Top 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 |
---|---|---|---|---|---|
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 113 | $17,455,000 | $154,469 | $0 | 0.00% |
Pottsville, PA (FHA|USDA|VA) | 47 | $6,215,000 | $132,234 | $0 | 0.00% |
EAST STROUDSBURG, PA (FHA|USDA|VA) | 5 | $1,005,000 | $201,000 | $0 | 0.00% |
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 8 | $860,000 | $107,500 | $0 | 0.00% |
Their top states include:
Product Mix
Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
---|---|---|---|---|---|
Conventional | 173 | $25,535,000 | $147,601 | $0 | 0.00% |
For 2021, Mauch Chunk Trust Company's most frequently originated type of loan was Conventional, with 173 originations.
Loan Reason
For 2021, Mauch Chunk Trust Company's most frequently cited loan purpose was Refi, with 106 originations. The 2nd most popular reason was Home Purchase, with 46 originations.
Loan Duration/Length
Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
Other | 173 | $25,535,000 | $147,601 | $0 | 0.00% |
For 2021, Mauch Chunk Trust Company's most frequently cited loan duration was Other, with 173 originations.
Loan Sizing
2021 saw Mauch Chunk Trust Company place emphasis on $100,000 or less loans with 81 originations, totaling $4,885,000 in origination value.
Applicant Income
Mauch Chunk Trust Company lent most frequently to those with incomes in the $50k or less range, with 34 originations. The second most popular income band? $100k-150k, with 29 originations.
Applicant Debt to Income Ratio
DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
Exempt% | 173 | $25,535,000 | $147,601 | $0 | 0.00% |
Mauch Chunk Trust Company lent most frequently to those with DTI ratios of Exempt%, with 173 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications80.46%
Mauch Chunk Trust Company has a below average approval rate.
Pick Rate
Approvals leading to origination69.36%
Mauch Chunk Trust Company has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
Exempt | 173 | $25,535,000 | $147,601 |
Complaints
Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
---|---|---|---|---|
Michigan Mutual, Inc. | Conventional home mortgage | Closing on a mortgage | 3 | 42.9% |
Michigan Mutual, Inc. | Conventional home mortgage | Trouble during payment process | 2 | 28.6% |
Michigan Mutual, Inc. | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 14.3% |
Michigan Mutual, Inc. | Other type of mortgage | Closing on a mortgage | 1 | 14.3% |
Bank Details
Branches
Bank Name | Branch | Branch Type | Deposits (000's) |
---|---|---|---|
Mauch Chunk Trust Company | 1 Susquehanna Street Jim Thorpe, PA 18229 | Full Service B&M | $57,035 |
Mauch Chunk Trust Company | 11 Pa 903 Albrightsville, PA 18210 | Full Service B&M | $73,115 |
Mauch Chunk Trust Company | 1111 North Street Jim Thorpe, PA 18229 | Full Service B&M | $114,868 |
Mauch Chunk Trust Company | 1202 North Street Jim Thorpe, PA 18229 | Limited, Trust Office | $0 |
Mauch Chunk Trust Company | 1331 Clamtown Road Tamaqua, PA 18252 | Full Service B&M | $43,024 |
Mauch Chunk Trust Company | 184 Market Street Nesquehoning, PA 18240 | Full Service B&M | $38,786 |
Mauch Chunk Trust Company | 226 Claremont Ave Tamaqua, PA 18252 | Full Service B&M | $53,892 |
Mauch Chunk Trust Company | 735 Blakeslee Blvd Dr East Lehighton, PA 18235 | Full Service B&M | $73,792 |
For 2021, Mauch Chunk Trust Company had 8 branches.
Yearly Performance Overview
Bank Income
Item | Value (in 000's) |
---|---|
Total interest income | $17,534 |
Net interest income | $15,893 |
Total noninterest income | $2,882 |
Gross Fiduciary activities income | $384 |
Service charges on deposit accounts | $633 |
Trading account gains and fees | $0 |
Additional Noninterest Income | $1,865 |
Pre-tax net operating income | $5,196 |
Securities gains (or losses, -) | $433 |
Income before extraordinary items | $4,875 |
Discontinued Operations (Extraordinary gains, net) | $0 |
Net income of bank and minority interests | $4,875 |
Minority interest net income | $0 |
Net income | $4,875 |
Sale, conversion, retirement of capital stock, net | $0 |
Net operating income | $4,498 |
Mauch Chunk Trust Company's gross interest income from loans was $17,534,000.
Mauch Chunk Trust Company's net interest income from loans was $15,893,000.
Mauch Chunk Trust Company's fee based income from loans was $633,000.
Mauch Chunk Trust Company's net income from loans was $4,875,000.
Bank Expenses
Item | Value (in 000's) |
---|---|
Total interest expense | $1,641 |
Provision for credit losses | $416 |
Total noninterest expense | $13,163 |
Salaries and employee benefits | $6,541 |
Premises and equipment expense | $1,564 |
Additional noninterest expense | $5,058 |
Applicable income taxes | $754 |
Net charge-offs | $40 |
Cash dividends | $1,071 |
Mauch Chunk Trust Company's interest expense for loans was $1,641,000.
Mauch Chunk Trust Company's payroll and benefits expense were $6,541,000.
Mauch Chunk Trust Company's property, plant and equipment expenses $1,564,000.
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 | $491,878 |
Deposits held in domestic offices | $491,878 |
Deposits by Individuals, partnerships, and corporations | $364,574 |
Deposits by U.S. Government | $5 |
Deposits by States and political subdivisions in the U.S. | $127,299 |
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 | $260,431 |
Demand deposits | $80,144 |
Nontransaction accounts | $231,447 |
Money market deposit accounts (MMDAs) | $91,831 |
Other savings deposits (excluding MMDAs) | $80,397 |
Total time deposits | $59,219 |
Total time and savings deposits | $411,734 |
Noninterest-bearing deposits | $81,738 |
Interest-bearing deposits | $410,140 |
Retail deposits | $471,013 |
IRAs and Keogh plan accounts | $11,077 |
Brokered deposits | $7,738 |
Deposits held in foreign offices | $0 |
Assets
Asset | Value (in 000's) |
---|---|
Total Assets | $623,702 |
Cash & Balances due from depository institutions | $4,244 |
Interest-bearing balances | $102 |
Total securities | $366,999 |
Federal funds sold & reverse repurchase | $0 |
Net loans and leases | $226,029 |
Loan and leases loss allowance | $3,699 |
Trading account assets | $0 |
Bank premises and fixed assets | $8,508 |
Other real estate owned | $0 |
Goodwill and other intangibles | $0 |
All other assets | $17,922 |
Liabilities
Liabilities | Value (in 000's) |
---|---|
Total liabilities and capital | $623,702 |
Total Liabilities | $574,811 |
Total deposits | $491,878 |
Interest-bearing deposits | $410,140 |
Deposits held in domestic offices | $491,878 |
% insured (estimated) | $73 |
Federal funds purchased and repurchase agreements | $3,970 |
Trading liabilities | $0 |
Other borrowed funds | $75,932 |
Subordinated debt | $0 |
All other liabilities | $3,031 |
Issued Loan Types
Type | Value (in 000's) |
---|---|
Net loans and leases | $226,029 |
Loan and leases loss allowance | $3,699 |
Total loans and leases (domestic) | $229,728 |
All real estate loans | $182,354 |
Real estate loans in domestic offices | $182,354 |
Construction and development loans | $3,388 |
Residential 1-4 family construction | $2,196 |
Other construction, all land development and other land | $1,192 |
Loans secured by nonfarm nonresidential properties | $51,651 |
Nonfarm nonresidential secured by owner-occupied properties | $25,691 |
Commercial real estate & other non-farm, non-residential | $25,960 |
Multifamily residential real estate | $12,596 |
1-4 family residential loans | $110,403 |
Farmland loans | $4,316 |
Loans held in foreign offices | $0 |
Farm loans | $76 |
Commercial and industrial loans | $36,459 |
To non-U.S. addressees | $0 |
Loans to individuals | $2,610 |
Credit card loans | $0 |
Related Plans | $370 |
Consumer Auto Loans | $308 |
Other loans to individuals | $1,932 |
All other loans & leases | $8,229 |
Loans to foreign governments and official institutions | $0 |
Other loans | $580 |
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 | $815 |
Non 1-4 family restructured loans & leases | $711 |
Total loans and leases (foreign) | $0 |
Mauch Chunk Trust Company had $226,029,000 of loans outstanding in 2021. $182,354,000 of loans were in real estate loans. $3,388,000 of loans were in development loans. $12,596,000 of loans were in multifamily mortgage loans. $110,403,000 of loans were in 1-4 family mortgage loans. $76,000 of loans were in farm loans. $0 of loans were in credit card loans. $308,000 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 | 193 | $27,608 | $143,047 |
Nonfarm, nonresidential loans - <$100k | 74 | $2,767 | $37,392 |
Nonfarm, nonresidential loans - $100-250k | 68 | $7,479 | $109,985 |
Nonfarm, nonresidential loans - $250k-1MM | 51 | $17,362 | $340,431 |
Commercial & Industrial, US addressed loans - <$1MM | 220 | $16,374 | $74,427 |
Commercial & Industrial, US addressed loans - <$100k | 148 | $4,073 | $27,520 |
Commercial & Industrial, US addressed loans - $100-250k | 48 | $4,842 | $100,875 |
Commercial & Industrial, US addressed loans - $250k-1MM | 24 | $7,459 | $310,792 |
Farmland loans - <$1MM | 14 | $1,850 | $132,143 |
Farmland loans - <$100k | 4 | $191 | $47,750 |
Farmland loans - $100-250k | 6 | $794 | $132,333 |
Farmland loans - $250k-1MM | 4 | $865 | $216,250 |
Agriculture operations loans - <$1MM | 1 | $76 | $76,000 |
Agriculture operations loans - <$100k | 1 | $76 | $76,000 |