First Northern Bank And Trust Company Mortgage Rates, Fees & Info

Palmerton, PA

LEI: 549300E5GFWPFRJR4I76

Tax ID: 24-0579220

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Mortgage Data

Bank Data

Review & Overview

First Northern Bank And Trust Company is a smaller bank specializing in Home Purchase and Cash Out Refi loans. First Northern Bank And Trust Company has a high proportion of conventional loans. Their top markets by origination volume include: Allentown, East Stroudsburg, Philadelphia, New York, and Reading among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

First Northern Bank And 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

239

Origination Dollar Volume (All Markets)

$43,695,000

Employee count

149

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) 154 $31,260,000 $202,987 $0 0.00%
EAST STROUDSBURG, PA (FHA|USDA|VA) 71 $8,175,000 $115,141 $0 0.00%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 3 $2,665,000 $888,333 $0 0.00%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 4 $710,000 $177,500 $0 0.00%
READING, PA (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
OCEAN CITY, NJ (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
SALISBURY, MD-DE (FHA|USDA|VA) 1 $155,000 $155,000 $0 0.00%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 3 $145,000 $48,333 $0 0.00%
Pottsville, PA (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
First Northern Bank And Trust Company's top markets include Allentown, East Stroudsburg, Philadelphia, New York, and Reading among others.

Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Delaware (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 239 $43,695,000 $182,824 $0 0.00%

    For 2018, First Northern Bank And Trust Company's most frequently originated type of loan was Conventional, with 239 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 97 $23,995,000 $247,371 $0 0.00%
    Cash Out Refi 70 $10,860,000 $155,143 $0 0.00%
    Other 26 $1,300,000 $50,000 $0 0.00%
    Home Improvement 23 $4,745,000 $206,304 $0 0.00%
    Refi 23 $2,795,000 $121,522 $0 0.00%

    For 2018, First Northern Bank And Trust Company's most frequently cited loan purpose was Home Purchase, with 97 originations. The 2nd most popular reason was Cash Out Refi, with 70 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 239 $43,695,000 $182,824 $0 0.00%

    For 2018, First Northern Bank And Trust Company's most frequently cited loan duration was Other, with 239 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 124 $6,460,000 $52,097 $0 0.00%
    $100k-200k 64 $8,920,000 $139,375 $0 0.00%
    $200k-400k 38 $10,750,000 $282,895 $0 0.00%
    $600k-1MM 5 $3,785,000 $757,000 $0 0.00%
    $1MM+ 4 $11,920,000 $2,980,000 $0 0.00%
    $400k-600k 4 $1,860,000 $465,000 $0 0.00%

    2018 saw First Northern Bank And Trust Company place emphasis on $100,000 or less loans with 124 originations, totaling $6,460,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 53 $3,455,000 $65,189 $0 0.00%
    $50k-75k 49 $4,805,000 $98,061 $0 0.00%
    $100k-150k 44 $7,540,000 $171,364 $0 0.00%
    $75k-100k 38 $4,290,000 $112,895 $0 0.00%
    $150k-250k 24 $4,500,000 $187,500 $0 0.00%
    $250k+ 7 $2,745,000 $392,143 $0 0.00%

    First Northern Bank And Trust Company lent most frequently to those with incomes in the $50k or less range, with 53 originations. The second most popular income band? $50k-75k, with 49 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 239 $43,695,000 $182,824 $0 0.00%

    First Northern Bank And Trust Company lent most frequently to those with DTI ratios of Exempt%, with 239 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 221 $28,665,000 $129,706 $0 0.00%
    Not applicable 15 $14,475,000 $965,000 $0 0.00%
    Not provided 1 $305,000 $305,000 $0 0.00%
    American Indian 1 $175,000 $175,000 $0 0.00%
    Black 1 $75,000 $75,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    88.96%

    First Northern Bank And Trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.54%

    First Northern Bank And Trust Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 239 $43,695,000 $182,824

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 8 $13,840,000 $1,730,000
    Single Family (1-4 Units):Manufactured 3 $325,000 $108,333
    Single Family (1-4 Units):Site-Built 228 $29,530,000 $129,518

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    FIRST HORIZON BANK Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 7.1%
    FIRST HORIZON BANK Other type of mortgage Trouble during payment process 1 7.1%
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Trouble during payment process 1 7.1%
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Problem with a credit reporting company's investigation into an existing problem 1 7.1%
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Incorrect information on your report 1 7.1%
    FIRST HORIZON BANK FHA mortgage Trouble during payment process 1 7.1%
    FIRST HORIZON BANK Conventional home mortgage Trouble during payment process 5 35.7%
    FIRST HORIZON BANK Conventional home mortgage Struggling to pay mortgage 3 21.4%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    First Northern Bank and Trust Company 101 Park Avenue Stroudsburg, PA 18360 Full Service B&M $12,421
    First Northern Bank and Trust Company 1256 Route 209 Gilbert, PA 18331 Full Service B&M $95,822
    First Northern Bank and Trust Company 2 Nor Bath Blvd Northampton, PA 18067 Full Service B&M $50,266
    First Northern Bank and Trust Company 2228 Old Post Road Suite E Coplay, PA 18037 Full Service B&M $31,801
    First Northern Bank and Trust Company 3005 Pennsylvania 611 Tannersville, PA 18372 Full Service B&M $54,555
    First Northern Bank and Trust Company 342 Route 940 Blakeslee, PA 18610 Full Service B&M $45,920
    First Northern Bank and Trust Company 383 South Walnut Street Bath, PA 18014 Full Service B&M $38,191
    First Northern Bank and Trust Company 6663 Sullivan Trail, Plainfield Township Wind Gap, PA 18091 Full Service B&M $16,966
    First Northern Bank and Trust Company Fourth Street And Lafayette Avenue Palmerton, PA 18071 Full Service B&M $160,595
    First Northern Bank and Trust Company Route 209 Sciota, PA 18354 Full Service B&M $59,836
    First Northern Bank and Trust Company Route 611 Mount Bethel, PA 18343 Full Service B&M $38,099

    For 2018, First Northern Bank And Trust Company had 11 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $28,321
    Net interest income $24,037
    Total noninterest income $1,160
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $879
    Trading account gains and fees $0
    Additional Noninterest Income $281
    Pre-tax net operating income $4,319
    Securities gains (or losses, -) $0
    Income before extraordinary items $4,285
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,285
    Minority interest net income $0
    Net income $4,285
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,285

    First Northern Bank And Trust Company's gross interest income from loans was $28,321,000.
    First Northern Bank And Trust Company's net interest income from loans was $24,037,000.
    First Northern Bank And Trust Company's fee based income from loans was $879,000.
    First Northern Bank And Trust Company's net income from loans was $4,285,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,284
    Provision for credit losses $988
    Total noninterest expense $19,890
    Salaries and employee benefits $10,353
    Premises and equipment expense $3,756
    Additional noninterest expense $5,781
    Applicable income taxes $34
    Net charge-offs $213
    Cash dividends $2,610

    First Northern Bank And Trust Company's interest expense for loans was $4,284,000.
    First Northern Bank And Trust Company's payroll and benefits expense were $10,353,000.
    First Northern Bank And Trust Company's property, plant and equipment expenses $3,756,000.

    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 1.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 1.0%
    1-4 family residential loans 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    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 $604,078
    Deposits held in domestic offices $604,078
    Deposits by Individuals, partnerships, and corporations $531,054
    Deposits by U.S. Government $1
    Deposits by States and political subdivisions in the U.S. $73,023
    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 $40,701
    Demand deposits $31,779
    Nontransaction accounts $563,377
    Money market deposit accounts (MMDAs) $24,763
    Other savings deposits (excluding MMDAs) $348,735
    Total time deposits $189,879
    Total time and savings deposits $572,299
    Noninterest-bearing deposits $146,932
    Interest-bearing deposits $457,146
    Retail deposits $582,372
    IRAs and Keogh plan accounts $48,593
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $704,192
    Cash & Balances due from depository institutions $28,821
    Interest-bearing balances $19,786
    Total securities $148,215
    Federal funds sold & reverse repurchase $0
    Net loans and leases $515,216
    Loan and leases loss allowance $4,955
    Trading account assets $0
    Bank premises and fixed assets $2,517
    Other real estate owned $3,107
    Goodwill and other intangibles $0
    All other assets $6,316

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $704,192
    Total Liabilities $606,328
    Total deposits $604,078
    Interest-bearing deposits $457,146
    Deposits held in domestic offices $604,078
    % insured (estimated) $83
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $2,250

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $515,216
    Loan and leases loss allowance $4,955
    Total loans and leases (domestic) $520,171
    All real estate loans $479,138
    Real estate loans in domestic offices $479,138
    Construction and development loans $45,793
    Residential 1-4 family construction $3,087
    Other construction, all land development and other land $42,706
    Loans secured by nonfarm nonresidential properties $170,560
    Nonfarm nonresidential secured by owner-occupied properties $70,014
    Commercial real estate & other non-farm, non-residential $100,546
    Multifamily residential real estate $27,723
    1-4 family residential loans $235,062
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $28,608
    To non-U.S. addressees $0
    Loans to individuals $3,504
    Credit card loans $0
    Related Plans $35
    Consumer Auto Loans $672
    Other loans to individuals $2,797
    All other loans & leases $8,921
    Loans to foreign governments and official institutions $0
    Other loans $32
    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 $225
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    First Northern Bank and Trust Company had $515,216,000 of loans outstanding in 2018. $479,138,000 of loans were in real estate loans. $45,793,000 of loans were in development loans. $27,723,000 of loans were in multifamily mortgage loans. $235,062,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $672,000 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 212 $42,075 $198,467
    Nonfarm, nonresidential loans - <$100k 45 $1,370 $30,444
    Nonfarm, nonresidential loans - $100-250k 70 $8,982 $128,314
    Nonfarm, nonresidential loans - $250k-1MM 97 $31,723 $327,041
    Commercial & Industrial, US addressed loans - <$1MM 131 $8,714 $66,519
    Commercial & Industrial, US addressed loans - <$100k 84 $1,848 $22,000
    Commercial & Industrial, US addressed loans - $100-250k 30 $2,659 $88,633
    Commercial & Industrial, US addressed loans - $250k-1MM 17 $4,207 $247,471