The Luzerne Bank Mortgage Rates, Fees & Info

Luzerne, PA

LEI: 549300EJ89CA12ZT7X03

Tax ID: 24-0648945

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • 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

    The Luzerne Bank is a smaller bank specializing in Refi and Home Purchase loans. The Luzerne Bank has a high proportion of conventional loans. Their top markets by origination volume include: Scranton, Allentown, East Stroudsburg, Pottsville, and Bloomsburg among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The Luzerne Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. The Luzerne Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.27% 11/21/24
    30 Year Conventional Purchase 6.51% 11/21/24
    30 Year Cash-out Refi 6.38% 11/21/24
    15 Year Conventional Purchase 5.68% 11/21/24
    15 Year Conventional Refi 5.68% 11/21/24
    15 Year Cash-out Refi 5.68% 11/21/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    The Luzerne Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from The Luzerne Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    474

    Origination Dollar Volume (All Markets)

    $49,210,000

    Employee count

    70

    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
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 458 $46,980,000 $102,576 $5,442 3.66%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 6 $960,000 $160,000 $0 3.38%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 2 $520,000 $260,000 $0 4.02%
    Pottsville, PA (FHA|USDA|VA) 4 $520,000 $130,000 $0 4.75%
    Outside of Metro Areas 2 $170,000 $85,000 $0 4.00%
    BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 2 $60,000 $30,000 $0 3.54%
    The Luzerne Bank's top markets include Scranton, Allentown, East Stroudsburg, Pottsville, and Bloomsburg among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against The Luzerne Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    ESSA Bank & Trust
    Similarity Rank: 150
    The Honesdale National Bank
    Similarity Rank: 153
    PENNSYLVANIA STATE EMPLOYEES Credit Union
    Similarity Rank: 190
    The Luzerne Bank
    Similarity Rank: 216
    First Columbia Bank & Trust Co.
    Similarity Rank: 324
    Peoples Security Bank and Trust Company
    Similarity Rank: 330
    NBT Bank
    Similarity Rank: 702
    The Fidelity Deposit and Discount Bank
    Similarity Rank: 799
    Jersey Shore State Bank
    Similarity Rank: 945
    Community Bank
    Similarity Rank: 1518

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 353 $31,075,000 $88,031 n/a 3.24%
    Conventional 121 $18,135,000 $149,876 $5,442 4.92%

    For 2018, The Luzerne Bank's most frequently originated type of loan was HELOC, with 353 originations. Their 2nd most popular type was Conventional, with 121 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 181 $18,865,000 $104,227 $3,498 3.38%
    Home Purchase 115 $17,515,000 $152,304 $5,592 4.71%
    Home Improvement 95 $7,655,000 $80,579 $0 3.34%
    Other 81 $4,705,000 $58,086 $0 3.20%
    Cash Out Refi 2 $470,000 $235,000 $5,586 4.75%

    For 2018, The Luzerne Bank's most frequently cited loan purpose was Refi, with 181 originations. The 2nd most popular reason was Home Purchase, with 115 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 357 $31,345,000 $87,801 $0 3.26%
    20 Year 68 $8,420,000 $123,824 $4,431 5.06%
    30 Year 21 $3,785,000 $180,238 $4,408 4.76%
    15 Year 15 $1,485,000 $99,000 $0 4.84%
    30+ year 6 $3,660,000 $610,000 $9,232 4.27%
    10 Year 3 $165,000 $55,000 $0 5.08%
    5 Year 2 $50,000 $25,000 $0 4.50%
    1 Year 1 $225,000 $225,000 $0 5.50%
    3 Year 1 $75,000 $75,000 $0 4.25%

    For 2018, The Luzerne Bank's most frequently cited loan duration was Other, with 357 originations. The 2nd most popular length was 20 Year, with 68 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 15 $1,615,000 $107,667
    $2k-3k 7 $1,805,000 $257,857
    $3k-4k 4 $2,000,000 $500,000
    $5k+ 2 $2,160,000 $1,080,000

    The Luzerne Bank's average total fees were $4,408, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 15 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 173 $13,885,000 $80,260
    3-4% 151 $13,175,000 $87,252
    4-5% 100 $14,750,000 $147,500
    5-6% 43 $5,225,000 $121,512
    <2.5% 7 $2,175,000 $310,714

    During 2018, The Luzerne Bank's average interest rate for loans was 4.76%, while their most frequently originated rate bucket for loans was 2.5-3%, with 173 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 301 $14,995,000 $49,817 $3,112 3.61%
    $100k-200k 114 $14,900,000 $130,702 $3,890 3.74%
    $200k-400k 48 $11,880,000 $247,500 $5,594 3.77%
    $400k-600k 7 $3,365,000 $480,714 $8,533 4.41%
    $1MM+ 2 $2,660,000 $1,330,000 $17,200 3.06%
    $600k-1MM 2 $1,410,000 $705,000 $0 4.50%

    2018 saw The Luzerne Bank place emphasis on $100,000 or less loans with 301 originations, totaling $14,995,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 93 $7,145,000 $76,828 $3,652 3.34%
    $100k-150k 88 $9,350,000 $106,250 $5,631 3.56%
    $50k or less 83 $4,625,000 $55,723 $2,846 3.33%
    $75k-100k 63 $4,495,000 $71,349 $4,865 3.39%
    $150k-250k 39 $5,425,000 $139,103 $3,597 3.26%
    $250k+ 25 $8,145,000 $325,800 $8,742 3.67%

    The Luzerne Bank lent most frequently to those with incomes in the $50k-75k range, with 93 originations. The second most popular income band? $100k-150k, with 88 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 112 $9,420,000 $84,107 $5,909 3.34%
    30-36% 71 $6,355,000 $89,507 $4,945 3.32%
    <20% 60 $5,820,000 $97,000 $5,589 3.37%
    38% 14 $1,280,000 $91,429 $0 3.28%
    50-60% 13 $1,285,000 $98,846 $4,920 3.93%
    36% 11 $2,315,000 $210,455 $0 3.56%
    39% 11 $695,000 $63,182 $0 3.13%
    >60% 8 $1,650,000 $206,250 $5,765 4.20%
    37% 8 $560,000 $70,000 $2,812 3.56%
    40% 7 $2,585,000 $369,286 $10,041 3.82%
    44% 6 $300,000 $50,000 $0 3.16%
    47% 5 $515,000 $103,000 $3,028 3.68%
    43% 5 $165,000 $33,000 $0 3.36%
    41% 4 $270,000 $67,500 $3,597 3.22%
    45% 4 $280,000 $70,000 $0 3.14%
    42% 3 $95,000 $31,667 $0 3.02%
    48% 3 $115,000 $38,333 $2,971 3.89%
    49% 3 $215,000 $71,667 $0 3.26%
    46% 1 $235,000 $235,000 $5,616 4.38%

    The Luzerne Bank lent most frequently to those with DTI ratios of 20-30%, with 112 originations. The next most common DTI ratio? 30-36%, with 71 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 384 $35,750,000 $93,099 $4,739 3.40%
    Not applicable 72 $8,750,000 $121,528 $0 5.00%
    Not provided 15 $4,005,000 $267,000 $6,626 3.91%
    Asian 1 $565,000 $565,000 $9,326 4.38%
    Other Asian 2 $140,000 $70,000 $0 4.75%

    Approval Rates

    Total approvals of all applications
    93.58%

    The Luzerne Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.24%

    The Luzerne Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 474 $49,210,000 $103,819

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 27 $4,335,000 $160,556
    Single Family (1-4 Units):Manufactured 3 $165,000 $55,000
    Single Family (1-4 Units):Site-Built 444 $44,710,000 $100,698

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 122 $8,790,000 $72,049 $0 3.32%
    40-60% 68 $7,990,000 $117,500 $0 3.51%
    60-80% 111 $14,405,000 $129,775 $3,789 4.20%
    80-100% 85 $15,005,000 $176,529 $6,225 3.96%
    Under 20% 88 $3,020,000 $34,318 $0 3.33%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The Luzerne Bank 509 Main Road Dallas, PA 18612 Full Service B&M $50,419
    The Luzerne Bank 669 State Route 93 Highway Sugarloaf, PA 18249 Full Service B&M $7,432
    The Luzerne Bank 10 Dessen Drive Hazleton, PA 18201 Full Service B&M $22,944
    The Luzerne Bank 1077 Highway 315 Wilkes Barre, PA 18702 Full Service Retail $26,483
    The Luzerne Bank 118 Main Street Luzerne, PA 18709 Full Service B&M $99,825
    The Luzerne Bank 324 Wyoming Avenue Wyoming, PA 18644 Full Service B&M $19,448
    The Luzerne Bank 67 Public Square Wilkes Barre, PA 18701 Full Service B&M $26,304
    The Luzerne Bank 801 Main Street Swoyersville, PA 18704 Full Service B&M $34,811
    The Luzerne Bank Corners Of Rt. 118 & 415 Dallas, PA 18612 Full Service B&M $51,732

    For 2018, The Luzerne Bank had 9 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $15,193
    Net interest income $13,669
    Total noninterest income $1,722
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $640
    Trading account gains and fees $0
    Additional Noninterest Income $1,082
    Pre-tax net operating income $5,215
    Securities gains (or losses, -) $-40
    Income before extraordinary items $4,161
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,161
    Minority interest net income $0
    Net income $4,161
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,193

    The Luzerne Bank's gross interest income from loans was $15,193,000.
    The Luzerne Bank's net interest income from loans was $13,669,000.
    The Luzerne Bank's fee based income from loans was $640,000.
    The Luzerne Bank's net income from loans was $4,161,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,524
    Provision for credit losses $600
    Total noninterest expense $9,576
    Salaries and employee benefits $5,401
    Premises and equipment expense $1,515
    Additional noninterest expense $2,660
    Applicable income taxes $1,014
    Net charge-offs $237
    Cash dividends $0

    The Luzerne Bank's interest expense for loans was $1,524,000.
    The Luzerne Bank's payroll and benefits expense were $5,401,000.
    The Luzerne Bank's property, plant and equipment expenses $1,515,000.

    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 1.0%
    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 $358,788
    Deposits held in domestic offices $358,788
    Deposits by Individuals, partnerships, and corporations $340,158
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $18,630
    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 $28,698
    Demand deposits $25,113
    Nontransaction accounts $330,090
    Money market deposit accounts (MMDAs) $58,783
    Other savings deposits (excluding MMDAs) $187,509
    Total time deposits $83,799
    Total time and savings deposits $333,675
    Noninterest-bearing deposits $123,695
    Interest-bearing deposits $235,093
    Retail deposits $343,550
    IRAs and Keogh plan accounts $8,644
    Brokered deposits $1,536
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $439,010
    Cash & Balances due from depository institutions $21,297
    Interest-bearing balances $10,766
    Total securities $27,059
    Federal funds sold & reverse repurchase $11,410
    Net loans and leases $343,128
    Loan and leases loss allowance $3,660
    Trading account assets $0
    Bank premises and fixed assets $7,116
    Other real estate owned $187
    Goodwill and other intangibles $14,515
    All other assets $14,298

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $439,010
    Total Liabilities $389,430
    Total deposits $358,788
    Interest-bearing deposits $235,093
    Deposits held in domestic offices $358,788
    % insured (estimated) $80
    Federal funds purchased and repurchase agreements $3,295
    Trading liabilities $0
    Other borrowed funds $21,317
    Subordinated debt $0
    All other liabilities $6,030

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $343,128
    Loan and leases loss allowance $3,660
    Total loans and leases (domestic) $346,788
    All real estate loans $270,123
    Real estate loans in domestic offices $270,123
    Construction and development loans $6,269
    Residential 1-4 family construction $3,321
    Other construction, all land development and other land $2,948
    Loans secured by nonfarm nonresidential properties $123,222
    Nonfarm nonresidential secured by owner-occupied properties $32,557
    Commercial real estate & other non-farm, non-residential $90,665
    Multifamily residential real estate $6,570
    1-4 family residential loans $133,922
    Farmland loans $140
    Loans held in foreign offices $0
    Farm loans $1,364
    Commercial and industrial loans $43,690
    To non-U.S. addressees $0
    Loans to individuals $19,244
    Credit card loans $0
    Related Plans $118
    Consumer Auto Loans $16,600
    Other loans to individuals $2,526
    All other loans & leases $12,367
    Loans to foreign governments and official institutions $0
    Other loans $54
    Loans to depository institutions and acceptances of other banks $7,500
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $1,454
    Non 1-4 family restructured loans & leases $1,022
    Total loans and leases (foreign) $0

    The Luzerne Bank had $343,128,000 of loans outstanding in 2018. $270,123,000 of loans were in real estate loans. $6,269,000 of loans were in development loans. $6,570,000 of loans were in multifamily mortgage loans. $133,922,000 of loans were in 1-4 family mortgage loans. $1,364,000 of loans were in farm loans. $0 of loans were in credit card loans. $16,600,000 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 327 $44,875 $137,232
    Nonfarm, nonresidential loans - <$100k 99 $3,904 $39,434
    Nonfarm, nonresidential loans - $100-250k 120 $14,526 $121,050
    Nonfarm, nonresidential loans - $250k-1MM 108 $26,445 $244,861
    Commercial & Industrial, US addressed loans - <$1MM 386 $20,829 $53,961
    Commercial & Industrial, US addressed loans - <$100k 261 $4,790 $18,352
    Commercial & Industrial, US addressed loans - $100-250k 77 $5,717 $74,247
    Commercial & Industrial, US addressed loans - $250k-1MM 48 $10,322 $215,042
    Farmland loans - <$1MM 2 $139 $69,500
    Farmland loans - <$100k 1 $19 $19,000
    Farmland loans - $100-250k 1 $120 $120,000