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, East Stroudsburg, Scranton, and Lancaster among others. We have data for 5 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

    114

    Origination Dollar Volume (All Markets)

    $13,950,000

    Employee count

    79

    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) 74 $7,160,000 $96,757 $0 0.00%
    Pottsville, PA (FHA|USDA|VA) 29 $3,255,000 $112,241 $0 0.00%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 3 $2,535,000 $845,000 $0 0.00%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 7 $795,000 $113,571 $0 0.00%
    LANCASTER, PA (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
    Mauch Chunk Trust Company's top markets include Allentown, Pottsville, East Stroudsburg, Scranton, and Lancaster among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 114 $13,950,000 $122,368 $0 0.00%

    For 2019, Mauch Chunk Trust Company's most frequently originated type of loan was Conventional, with 114 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 56 $8,510,000 $151,964 $0 0.00%
    Refi 44 $4,810,000 $109,318 $0 0.00%
    Home Improvement 7 $235,000 $33,571 $0 0.00%
    Other 7 $395,000 $56,429 $0 0.00%

    For 2019, Mauch Chunk Trust Company's most frequently cited loan purpose was Home Purchase, with 56 originations. The 2nd most popular reason was Refi, with 44 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 114 $13,950,000 $122,368 $0 0.00%

    For 2019, Mauch Chunk Trust Company's most frequently cited loan duration was Other, with 114 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 62 $3,120,000 $50,323 $0 0.00%
    $100k-200k 40 $5,530,000 $138,250 $0 0.00%
    $200k-400k 10 $2,590,000 $259,000 $0 0.00%
    $1MM+ 1 $2,185,000 $2,185,000 $0 0.00%
    $400k-600k 1 $525,000 $525,000 $0 0.00%

    2019 saw Mauch Chunk Trust Company place emphasis on $100,000 or less loans with 62 originations, totaling $3,120,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 25 $1,825,000 $73,000 $0 0.00%
    $100k-150k 21 $2,305,000 $109,762 $0 0.00%
    $50k-75k 20 $1,960,000 $98,000 $0 0.00%
    $75k-100k 17 $1,745,000 $102,647 $0 0.00%
    $150k-250k 6 $530,000 $88,333 $0 0.00%
    $250k+ 4 $580,000 $145,000 $0 0.00%

    Mauch Chunk Trust Company lent most frequently to those with incomes in the $50k or less range, with 25 originations. The second most popular income band? $100k-150k, with 21 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 114 $13,950,000 $122,368 $0 0.00%

    Mauch Chunk Trust Company lent most frequently to those with DTI ratios of Exempt%, with 114 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 92 $8,570,000 $93,152 $0 0.00%
    Not applicable 16 $4,620,000 $288,750 $0 0.00%
    Not provided 4 $480,000 $120,000 $0 0.00%
    American Indian 1 $205,000 $205,000 $0 0.00%
    Other Asian 1 $75,000 $75,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    79.15%

    Mauch Chunk Trust Company has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    60.53%

    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 114 $13,950,000 $122,368

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 7 $3,515,000 $502,143
    Single Family (1-4 Units):Manufactured 1 $105,000 $105,000
    Single Family (1-4 Units):Site-Built 106 $10,330,000 $97,453

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Michigan Mutual, Inc. FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
    Michigan Mutual, Inc. FHA 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 $51,547
    Mauch Chunk Trust Company 11 Pa 903 Albrightsville, PA 18210 Full Service B&M $58,071
    Mauch Chunk Trust Company 1111 North Street Jim Thorpe, PA 18229 Full Service B&M $89,775
    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 $26,380
    Mauch Chunk Trust Company 184 Market Street Nesquehoning, PA 18240 Full Service B&M $30,085
    Mauch Chunk Trust Company 226 Claremont Ave Tamaqua, PA 18252 Full Service B&M $41,082
    Mauch Chunk Trust Company 735 Blakeslee Blvd Dr East Lehighton, PA 18235 Full Service B&M $52,193

    For 2019, Mauch Chunk Trust Company had 8 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $16,806
    Net interest income $12,076
    Total noninterest income $2,671
    Gross Fiduciary activities income $396
    Service charges on deposit accounts $802
    Trading account gains and fees $0
    Additional Noninterest Income $1,473
    Pre-tax net operating income $1,508
    Securities gains (or losses, -) $1,369
    Income before extraordinary items $2,425
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,425
    Minority interest net income $0
    Net income $2,425
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,275

    Mauch Chunk Trust Company's gross interest income from loans was $16,806,000.
    Mauch Chunk Trust Company's net interest income from loans was $12,076,000.
    Mauch Chunk Trust Company's fee based income from loans was $802,000.
    Mauch Chunk Trust Company's net income from loans was $2,425,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,730
    Provision for credit losses $1,240
    Total noninterest expense $11,999
    Salaries and employee benefits $5,834
    Premises and equipment expense $1,355
    Additional noninterest expense $4,810
    Applicable income taxes $452
    Net charge-offs $848
    Cash dividends $1,177

    Mauch Chunk Trust Company's interest expense for loans was $4,730,000.
    Mauch Chunk Trust Company's payroll and benefits expense were $5,834,000.
    Mauch Chunk Trust Company's property, plant and equipment expenses $1,355,000.

    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 1.0%
    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 $361,758
    Deposits held in domestic offices $361,758
    Deposits by Individuals, partnerships, and corporations $273,667
    Deposits by U.S. Government $13
    Deposits by States and political subdivisions in the U.S. $88,078
    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 $39,156
    Demand deposits $12,349
    Nontransaction accounts $322,602
    Money market deposit accounts (MMDAs) $8,710
    Other savings deposits (excluding MMDAs) $237,093
    Total time deposits $76,798
    Total time and savings deposits $349,409
    Noninterest-bearing deposits $44,010
    Interest-bearing deposits $317,747
    Retail deposits $342,286
    IRAs and Keogh plan accounts $11,079
    Brokered deposits $10,256
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $439,915
    Cash & Balances due from depository institutions $6,134
    Interest-bearing balances $4
    Total securities $189,319
    Federal funds sold & reverse repurchase $0
    Net loans and leases $220,038
    Loan and leases loss allowance $2,650
    Trading account assets $0
    Bank premises and fixed assets $9,604
    Other real estate owned $50
    Goodwill and other intangibles $0
    All other assets $14,770

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $439,915
    Total Liabilities $399,403
    Total deposits $361,758
    Interest-bearing deposits $317,747
    Deposits held in domestic offices $361,758
    % insured (estimated) $75
    Federal funds purchased and repurchase agreements $3,173
    Trading liabilities $0
    Other borrowed funds $31,652
    Subordinated debt $0
    All other liabilities $2,820

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $220,038
    Loan and leases loss allowance $2,650
    Total loans and leases (domestic) $222,688
    All real estate loans $167,880
    Real estate loans in domestic offices $167,880
    Construction and development loans $3,649
    Residential 1-4 family construction $937
    Other construction, all land development and other land $2,712
    Loans secured by nonfarm nonresidential properties $48,648
    Nonfarm nonresidential secured by owner-occupied properties $28,713
    Commercial real estate & other non-farm, non-residential $19,935
    Multifamily residential real estate $10,200
    1-4 family residential loans $103,147
    Farmland loans $2,236
    Loans held in foreign offices $0
    Farm loans $139
    Commercial and industrial loans $21,360
    To non-U.S. addressees $0
    Loans to individuals $21,489
    Credit card loans $0
    Related Plans $516
    Consumer Auto Loans $454
    Other loans to individuals $20,519
    All other loans & leases $11,819
    Loans to foreign governments and official institutions $0
    Other loans $430
    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 $5,841
    Non 1-4 family restructured loans & leases $5,160
    Total loans and leases (foreign) $0

    Mauch Chunk Trust Company had $220,038,000 of loans outstanding in 2019. $167,880,000 of loans were in real estate loans. $3,649,000 of loans were in development loans. $10,200,000 of loans were in multifamily mortgage loans. $103,147,000 of loans were in 1-4 family mortgage loans. $139,000 of loans were in farm loans. $0 of loans were in credit card loans. $454,000 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 222 $31,299 $140,986
    Nonfarm, nonresidential loans - <$100k 87 $3,627 $41,690
    Nonfarm, nonresidential loans - $100-250k 79 $8,528 $107,949
    Nonfarm, nonresidential loans - $250k-1MM 56 $19,144 $341,857
    Commercial & Industrial, US addressed loans - <$1MM 205 $16,823 $82,063
    Commercial & Industrial, US addressed loans - <$100k 141 $3,823 $27,113
    Commercial & Industrial, US addressed loans - $100-250k 37 $3,629 $98,081
    Commercial & Industrial, US addressed loans - $250k-1MM 27 $9,371 $347,074
    Farmland loans - <$1MM 14 $2,194 $156,714
    Farmland loans - <$100k 3 $91 $30,333
    Farmland loans - $100-250k 6 $851 $141,833
    Farmland loans - $250k-1MM 5 $1,252 $250,400
    Agriculture operations loans - <$1MM 2 $139 $69,500
    Agriculture operations loans - <$100k 2 $139 $69,500