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 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, Scranton, and East Stroudsburg 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

    157

    Origination Dollar Volume (All Markets)

    $22,025,000

    Employee count

    83

    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) 101 $13,345,000 $132,129 $0 0.00%
    Pottsville, PA (FHA|USDA|VA) 40 $5,520,000 $138,000 $0 0.00%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 10 $1,860,000 $186,000 $0 0.00%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 6 $1,300,000 $216,667 $0 0.00%
    Mauch Chunk Trust Company's top markets include Allentown, Pottsville, Scranton, and East Stroudsburg among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 157 $22,025,000 $140,287 $0 0.00%

    For 2020, Mauch Chunk Trust Company's most frequently originated type of loan was Conventional, with 157 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 90 $12,840,000 $142,667 $0 0.00%
    Home Purchase 53 $8,515,000 $160,660 $0 0.00%
    Home Improvement 9 $445,000 $49,444 $0 0.00%
    Other 5 $225,000 $45,000 $0 0.00%

    For 2020, Mauch Chunk Trust Company's most frequently cited loan purpose was Refi, with 90 originations. The 2nd most popular reason was Home Purchase, with 53 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 157 $22,025,000 $140,287 $0 0.00%

    For 2020, Mauch Chunk Trust Company's most frequently cited loan duration was Other, with 157 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 69 $10,455,000 $151,522 $0 0.00%
    $100,000 or less 58 $3,320,000 $57,241 $0 0.00%
    $200k-400k 28 $7,270,000 $259,643 $0 0.00%
    $400k-600k 2 $980,000 $490,000 $0 0.00%

    2020 saw Mauch Chunk Trust Company place emphasis on $100k-200k loans with 69 originations, totaling $10,455,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 35 $6,295,000 $179,857 $0 0.00%
    $75k-100k 25 $3,195,000 $127,800 $0 0.00%
    $50k-75k 22 $2,460,000 $111,818 $0 0.00%
    $50k or less 21 $1,305,000 $62,143 $0 0.00%
    $150k-250k 14 $2,200,000 $157,143 $0 0.00%
    $250k+ 2 $540,000 $270,000 $0 0.00%

    Mauch Chunk Trust Company lent most frequently to those with incomes in the $100k-150k range, with 35 originations. The second most popular income band? $75k-100k, with 25 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 157 $22,025,000 $140,287 $0 0.00%

    Mauch Chunk Trust Company lent most frequently to those with DTI ratios of Exempt%, with 157 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 125 $16,335,000 $130,680 $0 0.00%
    Not applicable 26 $4,770,000 $183,462 $0 0.00%
    Asian Indian 1 $405,000 $405,000 $0 0.00%
    Not provided 4 $320,000 $80,000 $0 0.00%
    Black 1 $195,000 $195,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    79.39%

    Mauch Chunk Trust Company has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    62.42%

    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 157 $22,025,000 $140,287

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 11 $3,045,000 $276,818
    Single Family (1-4 Units):Manufactured 3 $95,000 $31,667
    Single Family (1-4 Units):Site-Built 143 $18,885,000 $132,063

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    Michigan Mutual, Inc. FHA mortgage Struggling to pay mortgage 1 100.0%

    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 $64,927
    Mauch Chunk Trust Company 11 Pa 903 Albrightsville, PA 18210 Full Service B&M $52,821
    Mauch Chunk Trust Company 1111 North Street Jim Thorpe, PA 18229 Full Service B&M $92,324
    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 $31,461
    Mauch Chunk Trust Company 184 Market Street Nesquehoning, PA 18240 Full Service B&M $35,337
    Mauch Chunk Trust Company 226 Claremont Ave Tamaqua, PA 18252 Full Service B&M $47,589
    Mauch Chunk Trust Company 735 Blakeslee Blvd Dr East Lehighton, PA 18235 Full Service B&M $58,913

    For 2020, Mauch Chunk Trust Company had 8 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $16,341
    Net interest income $13,764
    Total noninterest income $2,466
    Gross Fiduciary activities income $374
    Service charges on deposit accounts $592
    Trading account gains and fees $0
    Additional Noninterest Income $1,500
    Pre-tax net operating income $2,089
    Securities gains (or losses, -) $1,496
    Income before extraordinary items $3,101
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,101
    Minority interest net income $0
    Net income $3,101
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,814

    Mauch Chunk Trust Company's gross interest income from loans was $16,341,000.
    Mauch Chunk Trust Company's net interest income from loans was $13,764,000.
    Mauch Chunk Trust Company's fee based income from loans was $592,000.
    Mauch Chunk Trust Company's net income from loans was $3,101,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,577
    Provision for credit losses $1,747
    Total noninterest expense $12,394
    Salaries and employee benefits $5,899
    Premises and equipment expense $1,492
    Additional noninterest expense $5,003
    Applicable income taxes $484
    Net charge-offs $1,074
    Cash dividends $1,004

    Mauch Chunk Trust Company's interest expense for loans was $2,577,000.
    Mauch Chunk Trust Company's payroll and benefits expense were $5,899,000.
    Mauch Chunk Trust Company's property, plant and equipment expenses $1,492,000.

    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 $400,059
    Deposits held in domestic offices $400,059
    Deposits by Individuals, partnerships, and corporations $311,769
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $88,290
    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 $50,252
    Demand deposits $15,550
    Nontransaction accounts $349,807
    Money market deposit accounts (MMDAs) $10,766
    Other savings deposits (excluding MMDAs) $278,938
    Total time deposits $60,103
    Total time and savings deposits $384,509
    Noninterest-bearing deposits $64,711
    Interest-bearing deposits $335,349
    Retail deposits $384,623
    IRAs and Keogh plan accounts $11,164
    Brokered deposits $2,178
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $530,026
    Cash & Balances due from depository institutions $5,655
    Interest-bearing balances $27
    Total securities $267,245
    Federal funds sold & reverse repurchase $9,907
    Net loans and leases $221,436
    Loan and leases loss allowance $3,323
    Trading account assets $0
    Bank premises and fixed assets $8,991
    Other real estate owned $15
    Goodwill and other intangibles $0
    All other assets $16,777

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $530,026
    Total Liabilities $480,997
    Total deposits $400,059
    Interest-bearing deposits $335,349
    Deposits held in domestic offices $400,059
    % insured (estimated) $75
    Federal funds purchased and repurchase agreements $6,891
    Trading liabilities $0
    Other borrowed funds $70,103
    Subordinated debt $0
    All other liabilities $3,944

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $221,436
    Loan and leases loss allowance $3,323
    Total loans and leases (domestic) $224,759
    All real estate loans $175,228
    Real estate loans in domestic offices $175,228
    Construction and development loans $4,477
    Residential 1-4 family construction $2,385
    Other construction, all land development and other land $2,092
    Loans secured by nonfarm nonresidential properties $54,379
    Nonfarm nonresidential secured by owner-occupied properties $28,310
    Commercial real estate & other non-farm, non-residential $26,069
    Multifamily residential real estate $11,218
    1-4 family residential loans $102,438
    Farmland loans $2,716
    Loans held in foreign offices $0
    Farm loans $108
    Commercial and industrial loans $35,154
    To non-U.S. addressees $0
    Loans to individuals $2,840
    Credit card loans $0
    Related Plans $352
    Consumer Auto Loans $372
    Other loans to individuals $2,116
    All other loans & leases $11,429
    Loans to foreign governments and official institutions $0
    Other loans $546
    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 $826
    Non 1-4 family restructured loans & leases $734
    Total loans and leases (foreign) $0

    Mauch Chunk Trust Company had $221,436,000 of loans outstanding in 2020. $175,228,000 of loans were in real estate loans. $4,477,000 of loans were in development loans. $11,218,000 of loans were in multifamily mortgage loans. $102,438,000 of loans were in 1-4 family mortgage loans. $108,000 of loans were in farm loans. $0 of loans were in credit card loans. $372,000 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 211 $30,332 $143,754
    Nonfarm, nonresidential loans - <$100k 83 $3,461 $41,699
    Nonfarm, nonresidential loans - $100-250k 74 $8,066 $109,000
    Nonfarm, nonresidential loans - $250k-1MM 54 $18,805 $348,241
    Commercial & Industrial, US addressed loans - <$1MM 351 $22,889 $65,211
    Commercial & Industrial, US addressed loans - <$100k 268 $7,280 $27,164
    Commercial & Industrial, US addressed loans - $100-250k 52 $5,506 $105,885
    Commercial & Industrial, US addressed loans - $250k-1MM 31 $10,103 $325,903
    Farmland loans - <$1MM 13 $1,797 $138,231
    Farmland loans - <$100k 3 $154 $51,333
    Farmland loans - $100-250k 6 $800 $133,333
    Farmland loans - $250k-1MM 4 $843 $210,750
    Agriculture operations loans - <$1MM 2 $108 $54,000
    Agriculture operations loans - <$100k 2 $108 $54,000