Mauch Chunk Trust Company Mortgage Rates, Fees & Info

Jim Thorpe, PA

LEI: 549300E3UCOTNUZIEB53

Tax ID: 23-3102809

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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

    Mauch Chunk Trust Company is a smaller mortgage company specializing in Home Purchase and Refi loans. Mauch Chunk Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Allentown, Pottsville, Scranton, East Stroudsburg, and Reading among others. We have data for 6 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

    158

    Origination Dollar Volume (All Markets)

    $17,000,000

    Employee count

    81

    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
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 107 $10,705,000 $100,047 $0 0.00%
    Pottsville, PA (FHA|USDA|VA) 37 $3,665,000 $99,054 $0 0.00%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 8 $1,340,000 $167,500 $0 0.00%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 4 $920,000 $230,000 $0 0.00%
    READING, PA (FHA|USDA|VA) 1 $265,000 $265,000 $0 0.00%
    Outside of Metro Areas 1 $105,000 $105,000 $0 0.00%
    Mauch Chunk Trust Company's top markets include Allentown, Pottsville, Scranton, East Stroudsburg, and Reading among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 158 $17,000,000 $107,595 $0 0.00%

    For 2018, Mauch Chunk Trust Company's most frequently originated type of loan was Conventional, with 158 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 75 $11,365,000 $151,533 $0 0.00%
    Refi 49 $4,285,000 $87,449 $0 0.00%
    Home Improvement 24 $960,000 $40,000 $0 0.00%
    Other 10 $390,000 $39,000 $0 0.00%

    For 2018, Mauch Chunk Trust Company's most frequently cited loan purpose was Home Purchase, with 75 originations. The 2nd most popular reason was Refi, with 49 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 158 $17,000,000 $107,595 $0 0.00%

    For 2018, Mauch Chunk Trust Company's most frequently cited loan duration was Other, with 158 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 95 $4,545,000 $47,842 $0 0.00%
    $100k-200k 43 $5,485,000 $127,558 $0 0.00%
    $200k-400k 16 $4,500,000 $281,250 $0 0.00%
    $400k-600k 2 $950,000 $475,000 $0 0.00%
    $600k-1MM 2 $1,520,000 $760,000 $0 0.00%

    2018 saw Mauch Chunk Trust Company place emphasis on $100,000 or less loans with 95 originations, totaling $4,545,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 35 $2,575,000 $73,571 $0 0.00%
    $50k or less 33 $1,945,000 $58,939 $0 0.00%
    $100k-150k 29 $3,785,000 $130,517 $0 0.00%
    $75k-100k 24 $2,210,000 $92,083 $0 0.00%
    $150k-250k 8 $1,590,000 $198,750 $0 0.00%
    $250k+ 2 $740,000 $370,000 $0 0.00%

    Mauch Chunk Trust Company lent most frequently to those with incomes in the $50k-75k range, with 35 originations. The second most popular income band? $50k or less, with 33 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 158 $17,000,000 $107,595 $0 0.00%

    Mauch Chunk Trust Company lent most frequently to those with DTI ratios of Exempt%, with 158 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 122 $12,390,000 $101,557 $0 0.00%
    Not applicable 22 $3,760,000 $170,909 $0 0.00%
    Not provided 11 $635,000 $57,727 $0 0.00%
    American Indian 3 $215,000 $71,667 $0 0.00%

    Approval Rates

    Total approvals of all applications
    76.23%

    Mauch Chunk Trust Company has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    77.22%

    Mauch Chunk Trust Company has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 158 $17,000,000 $107,595

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 7 $2,415,000 $345,000
    Single Family (1-4 Units):Manufactured 4 $390,000 $97,500
    Single Family (1-4 Units):Site-Built 147 $14,195,000 $96,565

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Michigan Mutual, Inc. Other type of mortgage Closing on a mortgage 1 50.0%
    Michigan Mutual, Inc. Other type of mortgage Trouble during payment process 1 50.0%

    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 $44,459
    Mauch Chunk Trust Company 11 Pa 903 Albrightsville, PA 18210 Full Service B&M $53,279
    Mauch Chunk Trust Company 1111 North Street Jim Thorpe, PA 18229 Full Service B&M $88,268
    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 $19,180
    Mauch Chunk Trust Company 184 Market Street Nesquehoning, PA 18240 Full Service B&M $29,177
    Mauch Chunk Trust Company 226 Claremont Ave Tamaqua, PA 18252 Full Service B&M $37,957
    Mauch Chunk Trust Company 735 Blakeslee Blvd Dr East Lehighton, PA 18235 Full Service B&M $52,251

    For 2018, Mauch Chunk Trust Company had 8 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $15,115
    Net interest income $11,701
    Total noninterest income $2,611
    Gross Fiduciary activities income $432
    Service charges on deposit accounts $783
    Trading account gains and fees $0
    Additional Noninterest Income $1,396
    Pre-tax net operating income $3,123
    Securities gains (or losses, -) $221
    Income before extraordinary items $2,827
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,827
    Minority interest net income $0
    Net income $2,827
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,639

    Mauch Chunk Trust Company's gross interest income from loans was $15,115,000.
    Mauch Chunk Trust Company's net interest income from loans was $11,701,000.
    Mauch Chunk Trust Company's fee based income from loans was $783,000.
    Mauch Chunk Trust Company's net income from loans was $2,827,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,414
    Provision for credit losses $343
    Total noninterest expense $10,846
    Salaries and employee benefits $5,450
    Premises and equipment expense $1,342
    Additional noninterest expense $4,054
    Applicable income taxes $517
    Net charge-offs $351
    Cash dividends $1,344

    Mauch Chunk Trust Company's interest expense for loans was $3,414,000.
    Mauch Chunk Trust Company's payroll and benefits expense were $5,450,000.
    Mauch Chunk Trust Company's property, plant and equipment expenses $1,342,000.

    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 $329,601
    Deposits held in domestic offices $329,601
    Deposits by Individuals, partnerships, and corporations $245,387
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $84,214
    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 $37,706
    Demand deposits $11,019
    Nontransaction accounts $291,895
    Money market deposit accounts (MMDAs) $8,400
    Other savings deposits (excluding MMDAs) $220,803
    Total time deposits $62,693
    Total time and savings deposits $318,582
    Noninterest-bearing deposits $42,770
    Interest-bearing deposits $286,831
    Retail deposits $319,217
    IRAs and Keogh plan accounts $11,044
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $438,162
    Cash & Balances due from depository institutions $5,159
    Interest-bearing balances $3
    Total securities $188,072
    Federal funds sold & reverse repurchase $0
    Net loans and leases $219,819
    Loan and leases loss allowance $2,258
    Trading account assets $0
    Bank premises and fixed assets $8,724
    Other real estate owned $28
    Goodwill and other intangibles $0
    All other assets $16,360

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $438,162
    Total Liabilities $402,489
    Total deposits $329,601
    Interest-bearing deposits $286,831
    Deposits held in domestic offices $329,601
    % insured (estimated) $75
    Federal funds purchased and repurchase agreements $3,440
    Trading liabilities $0
    Other borrowed funds $67,346
    Subordinated debt $0
    All other liabilities $2,102

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $219,819
    Loan and leases loss allowance $2,258
    Total loans and leases (domestic) $222,077
    All real estate loans $165,089
    Real estate loans in domestic offices $165,089
    Construction and development loans $2,152
    Residential 1-4 family construction $380
    Other construction, all land development and other land $1,772
    Loans secured by nonfarm nonresidential properties $47,202
    Nonfarm nonresidential secured by owner-occupied properties $26,940
    Commercial real estate & other non-farm, non-residential $20,262
    Multifamily residential real estate $7,668
    1-4 family residential loans $105,650
    Farmland loans $2,417
    Loans held in foreign offices $0
    Farm loans $54
    Commercial and industrial loans $22,560
    To non-U.S. addressees $0
    Loans to individuals $20,672
    Credit card loans $0
    Related Plans $550
    Consumer Auto Loans $481
    Other loans to individuals $19,641
    All other loans & leases $13,702
    Loans to foreign governments and official institutions $0
    Other loans $361
    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 $2,996
    Non 1-4 family restructured loans & leases $2,298
    Total loans and leases (foreign) $0

    Mauch Chunk Trust Company had $219,819,000 of loans outstanding in 2018. $165,089,000 of loans were in real estate loans. $2,152,000 of loans were in development loans. $7,668,000 of loans were in multifamily mortgage loans. $105,650,000 of loans were in 1-4 family mortgage loans. $54,000 of loans were in farm loans. $0 of loans were in credit card loans. $481,000 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 220 $29,227 $132,850
    Nonfarm, nonresidential loans - <$100k 94 $3,807 $40,500
    Nonfarm, nonresidential loans - $100-250k 75 $7,895 $105,267
    Nonfarm, nonresidential loans - $250k-1MM 51 $17,525 $343,627
    Commercial & Industrial, US addressed loans - <$1MM 201 $16,643 $82,801
    Commercial & Industrial, US addressed loans - <$100k 143 $3,837 $26,832
    Commercial & Industrial, US addressed loans - $100-250k 37 $5,853 $158,189
    Commercial & Industrial, US addressed loans - $250k-1MM 21 $6,953 $331,095
    Farmland loans - <$1MM 10 $1,176 $117,600
    Farmland loans - <$100k 5 $172 $34,400
    Farmland loans - $100-250k 4 $624 $156,000
    Farmland loans - $250k-1MM 1 $380 $380,000
    Agriculture operations loans - <$1MM 2 $53 $26,500
    Agriculture operations loans - <$100k 2 $53 $26,500