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, 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

    173

    Origination Dollar Volume (All Markets)

    $25,535,000

    Employee count

    89

    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) 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%
    Mauch Chunk Trust Company's top markets include Allentown, Pottsville, East Stroudsburg, and Scranton among others.

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

    • 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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 106 $17,240,000 $162,642 $0 0.00%
    Home Purchase 46 $6,610,000 $143,696 $0 0.00%
    Home Improvement 13 $735,000 $56,538 $0 0.00%
    Other 8 $950,000 $118,750 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 81 $4,885,000 $60,309 $0 0.00%
    $100k-200k 60 $8,930,000 $148,833 $0 0.00%
    $200k-400k 24 $6,360,000 $265,000 $0 0.00%
    $400k-600k 4 $1,930,000 $482,500 $0 0.00%
    $600k-1MM 3 $2,275,000 $758,333 $0 0.00%
    $1MM+ 1 $1,155,000 $1,155,000 $0 0.00%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 34 $2,830,000 $83,235 $0 0.00%
    $100k-150k 29 $3,715,000 $128,103 $0 0.00%
    $50k-75k 27 $2,545,000 $94,259 $0 0.00%
    $75k-100k 26 $3,100,000 $119,231 $0 0.00%
    $150k-250k 16 $2,940,000 $183,750 $0 0.00%
    $250k+ 9 $2,575,000 $286,111 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 133 $15,825,000 $118,985 $0 0.00%
    Not applicable 28 $7,350,000 $262,500 $0 0.00%
    Not provided 10 $2,090,000 $209,000 $0 0.00%
    American Indian 1 $155,000 $155,000 $0 0.00%
    Asian 1 $115,000 $115,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    80.46%

    Mauch Chunk Trust Company has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    69.36%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    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