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, Pottsville, Allentown, Harrisburg, and Philadelphia among others. We have data for 8 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 an above average pick rate when compared to similar lenders. The Luzerne Bank is typically an average 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

    464

    Origination Dollar Volume (All Markets)

    $49,260,000

    Employee count

    73

    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) 437 $45,905,000 $105,046 $5,993 3.37%
    Pottsville, PA (FHA|USDA|VA) 12 $1,280,000 $106,667 $0 3.18%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 10 $1,030,000 $103,000 $0 3.53%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $665,000 $665,000 $10,606 3.75%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $155,000 $155,000 $0 2.89%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $125,000 $125,000 $0 2.89%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $55,000 $55,000 $0 2.89%
    BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 1 $45,000 $45,000 $0 2.89%
    The Luzerne Bank's top markets include Scranton, Pottsville, Allentown, Harrisburg, and Philadelphia 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.

    The Honesdale National Bank
    Similarity Rank: 294
    ESSA Bank & Trust
    Similarity Rank: 420
    Alcova Mortgage LLC
    Similarity Rank: 544
    First Columbia Bank & Trust Co.
    Similarity Rank: 637
    TRIDENT MORTGAGE COMPANY LP
    Similarity Rank: 676
    The Luzerne Bank
    Similarity Rank: 768
    Peoples Security Bank and Trust Company
    Similarity Rank: 918
    Jersey Shore State Bank
    Similarity Rank: 975
    PENNSYLVANIA STATE EMPLOYEES Credit Union
    Similarity Rank: 1330
    Mid Penn Bank
    Similarity Rank: 1400

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 327 $30,855,000 $94,358 n/a 2.97%
    Conventional 137 $18,405,000 $134,343 $6,264 4.32%

    For 2020, The Luzerne Bank's most frequently originated type of loan was HELOC, with 327 originations. Their 2nd most popular type was Conventional, with 137 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 185 $21,105,000 $114,081 $0 3.17%
    Home Purchase 121 $15,945,000 $131,777 $6,131 4.03%
    Home Improvement 117 $9,075,000 $77,564 $5,367 3.15%
    Other 40 $2,500,000 $62,500 $0 2.92%
    Cash Out Refi 1 $635,000 $635,000 $9,157 3.88%

    For 2020, The Luzerne Bank's most frequently cited loan purpose was Refi, with 185 originations. The 2nd most popular reason was Home Purchase, with 121 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 328 $30,920,000 $94,268 $0 2.98%
    20 Year 96 $11,070,000 $115,313 $0 4.34%
    15 Year 15 $1,535,000 $102,333 $0 4.30%
    30 Year 13 $3,315,000 $255,000 $5,361 4.22%
    30+ year 4 $1,960,000 $490,000 $9,197 4.03%
    10 Year 3 $95,000 $31,667 $0 4.25%
    5 Year 3 $75,000 $25,000 $0 4.27%
    1 Year 2 $290,000 $145,000 $0 4.75%

    For 2020, The Luzerne Bank's most frequently cited loan duration was Other, with 328 originations. The 2nd most popular length was 20 Year, with 96 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 4 $510,000 $127,500
    $3k-4k 4 $1,540,000 $385,000
    $1k-2k 3 $325,000 $108,333
    $2k-3k 3 $865,000 $288,333
    $4k-5k 2 $1,370,000 $685,000
    $5k+ 1 $665,000 $665,000

    The Luzerne Bank's average total fees were $5,361, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 4 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 304 $28,890,000 $95,033
    4-5% 95 $12,355,000 $130,053
    3-4% 60 $7,630,000 $127,167
    5-6% 5 $385,000 $77,000

    During 2020, The Luzerne Bank's average interest rate for loans was 4.22%, while their most frequently originated rate bucket for loans was 2.5-3%, with 304 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 279 $14,845,000 $53,208 $3,175 3.32%
    $100k-200k 128 $17,350,000 $135,547 $4,578 3.46%
    $200k-400k 50 $12,840,000 $256,800 $6,494 3.29%
    $600k-1MM 4 $2,840,000 $710,000 $10,471 4.25%
    $400k-600k 3 $1,385,000 $461,667 $8,082 3.88%

    2020 saw The Luzerne Bank place emphasis on $100,000 or less loans with 279 originations, totaling $14,845,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 93 $9,405,000 $101,129 $5,397 3.11%
    $50k-75k 87 $7,245,000 $83,276 $4,312 3.17%
    $50k or less 64 $4,410,000 $68,906 $3,715 3.07%
    $75k-100k 63 $7,455,000 $118,333 $6,171 3.19%
    $150k-250k 41 $5,235,000 $127,683 $9,354 3.15%
    $250k+ 24 $5,420,000 $225,833 $8,847 3.40%

    The Luzerne Bank lent most frequently to those with incomes in the $100k-150k range, with 93 originations. The second most popular income band? $50k-75k, with 87 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 106 $10,020,000 $94,528 $8,847 3.06%
    30-36% 70 $7,230,000 $103,286 $6,200 3.19%
    <20% 69 $7,305,000 $105,870 $3,376 3.02%
    50-60% 23 $3,265,000 $141,957 $6,220 3.65%
    39% 21 $2,005,000 $95,476 $0 3.20%
    38% 12 $890,000 $74,167 $0 3.22%
    >60% 8 $1,330,000 $166,250 $6,730 3.83%
    37% 8 $510,000 $63,750 $0 3.02%
    43% 7 $395,000 $56,429 $0 3.08%
    44% 6 $750,000 $125,000 $4,066 3.63%
    41% 6 $910,000 $151,667 $0 3.19%
    36% 4 $570,000 $142,500 $0 2.89%
    47% 3 $295,000 $98,333 $0 3.42%
    46% 2 $110,000 $55,000 $0 2.89%
    45% 2 $180,000 $90,000 $3,127 3.87%
    48% 2 $220,000 $110,000 $0 2.89%
    42% 2 $140,000 $70,000 $0 3.39%
    40% 2 $170,000 $85,000 $0 2.89%
    49% 1 $165,000 $165,000 $0 2.89%

    The Luzerne Bank lent most frequently to those with DTI ratios of 20-30%, with 106 originations. The next most common DTI ratio? 30-36%, with 70 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 340 $35,750,000 $105,147 $6,441 3.17%
    Not applicable 83 $9,165,000 $110,422 $0 4.32%
    Not provided 35 $3,655,000 $104,429 $6,540 3.02%
    Asian 2 $370,000 $185,000 $3,127 3.32%
    Black 3 $235,000 $78,333 $0 3.42%
    Other Asian 1 $85,000 $85,000 $0 4.49%

    Approval Rates

    Total approvals of all applications
    95.82%

    The Luzerne Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    91.38%

    The Luzerne Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 464 $49,260,000 $106,164

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 17 $3,865,000 $227,353
    Single Family (1-4 Units):Manufactured 2 $50,000 $25,000
    Single Family (1-4 Units):Site-Built 445 $45,345,000 $101,899

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 93 $6,575,000 $70,699 $3,131 3.08%
    40-60% 68 $8,270,000 $121,618 $5,367 3.25%
    60-80% 129 $18,415,000 $142,752 $7,701 3.75%
    80-100% 86 $12,870,000 $149,651 $6,081 3.52%
    Under 20% 88 $3,130,000 $35,568 $0 3.06%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The Luzerne Bank 509 Main Road Dallas, PA 18612 Full Service B&M $60,570
    The Luzerne Bank 669 State Route 93 Highway Sugarloaf, PA 18249 Full Service B&M $18,705
    The Luzerne Bank 1320 Wyoming Avenue Forty Fort, PA 18704 Full Service B&M $47,599
    The Luzerne Bank 118 Main Street Luzerne, PA 18709 Full Service B&M $111,875
    The Luzerne Bank 285 South Main Street Pittston, PA 18640 Full Service B&M $30,504
    The Luzerne Bank 10 Dessen Drive Hazleton, PA 18201 Full Service B&M $42,156
    The Luzerne Bank 1077 Highway 315 Wilkes Barre, PA 18702 Full Service Retail $29,110
    The Luzerne Bank 67 Public Square Wilkes Barre, PA 18701 Full Service B&M $37,436
    The Luzerne Bank Corners Of Rt. 118 & 415 Dallas, PA 18612 Full Service B&M $52,852

    For 2020, The Luzerne Bank had 9 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $16,829
    Net interest income $13,964
    Total noninterest income $1,831
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $431
    Trading account gains and fees $0
    Additional Noninterest Income $1,400
    Pre-tax net operating income $4,899
    Securities gains (or losses, -) $250
    Income before extraordinary items $4,143
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,143
    Minority interest net income $0
    Net income $4,143
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,943

    The Luzerne Bank's gross interest income from loans was $16,829,000.
    The Luzerne Bank's net interest income from loans was $13,964,000.
    The Luzerne Bank's fee based income from loans was $431,000.
    The Luzerne Bank's net income from loans was $4,143,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,865
    Provision for credit losses $725
    Total noninterest expense $10,171
    Salaries and employee benefits $5,181
    Premises and equipment expense $1,792
    Additional noninterest expense $3,198
    Applicable income taxes $1,006
    Net charge-offs $211
    Cash dividends $2,404

    The Luzerne Bank's interest expense for loans was $2,865,000.
    The Luzerne Bank's payroll and benefits expense were $5,181,000.
    The Luzerne Bank's property, plant and equipment expenses $1,792,000.

    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 $451,681
    Deposits held in domestic offices $451,681
    Deposits by Individuals, partnerships, and corporations $434,501
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $17,179
    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 $45,105
    Demand deposits $33,777
    Nontransaction accounts $406,575
    Money market deposit accounts (MMDAs) $60,262
    Other savings deposits (excluding MMDAs) $262,628
    Total time deposits $83,685
    Total time and savings deposits $417,903
    Noninterest-bearing deposits $180,385
    Interest-bearing deposits $271,296
    Retail deposits $441,570
    IRAs and Keogh plan accounts $7,611
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $528,223
    Cash & Balances due from depository institutions $100,396
    Interest-bearing balances $85,045
    Total securities $32,405
    Federal funds sold & reverse repurchase $0
    Net loans and leases $355,882
    Loan and leases loss allowance $4,513
    Trading account assets $0
    Bank premises and fixed assets $10,301
    Other real estate owned $164
    Goodwill and other intangibles $14,228
    All other assets $14,847

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $528,223
    Total Liabilities $472,703
    Total deposits $451,681
    Interest-bearing deposits $271,296
    Deposits held in domestic offices $451,681
    % insured (estimated) $76
    Federal funds purchased and repurchase agreements $3,515
    Trading liabilities $0
    Other borrowed funds $7,615
    Subordinated debt $0
    All other liabilities $9,892

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $355,882
    Loan and leases loss allowance $4,513
    Total loans and leases (domestic) $360,395
    All real estate loans $273,379
    Real estate loans in domestic offices $273,379
    Construction and development loans $6,595
    Residential 1-4 family construction $1,860
    Other construction, all land development and other land $4,735
    Loans secured by nonfarm nonresidential properties $116,719
    Nonfarm nonresidential secured by owner-occupied properties $18,831
    Commercial real estate & other non-farm, non-residential $97,888
    Multifamily residential real estate $8,221
    1-4 family residential loans $141,754
    Farmland loans $90
    Loans held in foreign offices $0
    Farm loans $45
    Commercial and industrial loans $42,997
    To non-U.S. addressees $0
    Loans to individuals $30,057
    Credit card loans $0
    Related Plans $85
    Consumer Auto Loans $27,739
    Other loans to individuals $2,233
    All other loans & leases $13,917
    Loans to foreign governments and official institutions $0
    Other loans $55
    Loans to depository institutions and acceptances of other banks $12,500
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $1,770
    Non 1-4 family restructured loans & leases $1,382
    Total loans and leases (foreign) $0

    The Luzerne Bank had $355,882,000 of loans outstanding in 2020. $273,379,000 of loans were in real estate loans. $6,595,000 of loans were in development loans. $8,221,000 of loans were in multifamily mortgage loans. $141,754,000 of loans were in 1-4 family mortgage loans. $45,000 of loans were in farm loans. $0 of loans were in credit card loans. $27,739,000 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 305 $44,384 $145,521
    Nonfarm, nonresidential loans - <$100k 83 $3,787 $45,627
    Nonfarm, nonresidential loans - $100-250k 124 $14,135 $113,992
    Nonfarm, nonresidential loans - $250k-1MM 98 $26,462 $270,020
    Commercial & Industrial, US addressed loans - <$1MM 424 $25,675 $60,554
    Commercial & Industrial, US addressed loans - <$100k 333 $8,330 $25,015
    Commercial & Industrial, US addressed loans - $100-250k 55 $4,894 $88,982
    Commercial & Industrial, US addressed loans - $250k-1MM 36 $12,451 $345,861
    Farmland loans - <$1MM 2 $90 $45,000
    Farmland loans - <$100k 1 $1 $1,000
    Farmland loans - $100-250k 1 $89 $89,000
    Agriculture operations loans - <$1MM 2 $45 $22,500
    Agriculture operations loans - <$100k 2 $45 $22,500