Marion Center Bank Mortgage Rates, Fees & Info

Indiana, PA

LEI: 549300I2CHGNBJYRHV02

Tax ID: 25-0639051

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Mortgage Data

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

    Marion Center Bank is a smaller bank specializing in Home Purchase and Refi loans. Marion Center Bank has a high proportion of conventional loans. Their top markets by origination volume include: Indiana, Pittsburgh, Dubois, Johnstown, and St. Marys among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Marion Center Bank 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.

    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.

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    Originations

    195

    Origination Dollar Volume (All Markets)

    $26,115,000

    Employee count

    82

    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
    Indiana, PA (FHA|USDA|VA) 98 $13,150,000 $134,184 $0 0.00%
    Outside of Metro Areas 47 $6,945,000 $147,766 $0 0.00%
    PITTSBURGH, PA (FHA|USDA|VA) 17 $2,595,000 $152,647 $0 0.00%
    DuBois, PA (FHA|USDA|VA) 15 $1,685,000 $112,333 $0 0.00%
    JOHNSTOWN, PA (FHA|USDA|VA) 16 $1,290,000 $80,625 $0 0.00%
    St. Marys, PA (FHA|USDA|VA) 2 $450,000 $225,000 $0 0.00%
    Marion Center Bank's top markets include Indiana, Pittsburgh, Dubois, Johnstown, and St. Marys among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 195 $26,115,000 $133,923 $0 0.00%

    For 2018, Marion Center Bank's most frequently originated type of loan was Conventional, with 195 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 96 $14,370,000 $149,688 $0 0.00%
    Refi 50 $8,170,000 $163,400 $0 0.00%
    Cash Out Refi 21 $1,955,000 $93,095 $0 0.00%
    Other 19 $1,015,000 $53,421 $0 0.00%
    Home Improvement 9 $605,000 $67,222 $0 0.00%

    For 2018, Marion Center Bank's most frequently cited loan purpose was Home Purchase, with 96 originations. The 2nd most popular reason was Refi, with 50 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 195 $26,115,000 $133,923 $0 0.00%

    For 2018, Marion Center Bank's most frequently cited loan duration was Other, with 195 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 104 $5,820,000 $55,962 $0 0.00%
    $100k-200k 57 $8,015,000 $140,614 $0 0.00%
    $200k-400k 27 $7,215,000 $267,222 $0 0.00%
    $400k-600k 5 $2,355,000 $471,000 $0 0.00%
    $1MM+ 1 $2,045,000 $2,045,000 $0 0.00%
    $600k-1MM 1 $665,000 $665,000 $0 0.00%

    2018 saw Marion Center Bank place emphasis on $100,000 or less loans with 104 originations, totaling $5,820,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 81 $7,345,000 $90,679 $0 0.00%
    $50k-75k 33 $3,425,000 $103,788 $0 0.00%
    $75k-100k 28 $3,220,000 $115,000 $0 0.00%
    $100k-150k 24 $4,210,000 $175,417 $0 0.00%
    $150k-250k 12 $2,080,000 $173,333 $0 0.00%
    $250k+ 7 $1,795,000 $256,429 $0 0.00%

    Marion Center Bank lent most frequently to those with incomes in the $50k or less range, with 81 originations. The second most popular income band? $50k-75k, with 33 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 195 $26,115,000 $133,923 $0 0.00%

    Marion Center Bank lent most frequently to those with DTI ratios of Exempt%, with 195 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 185 $21,805,000 $117,865 $0 0.00%
    Not applicable 5 $3,115,000 $623,000 $0 0.00%
    Not provided 5 $1,195,000 $239,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    77.59%

    Marion Center Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    81.54%

    Marion Center Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 195 $26,115,000 $133,923

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $665,000 $665,000
    Multifamily:Site-Built 3 $2,375,000 $791,667
    Single Family (1-4 Units):Manufactured 19 $1,665,000 $87,632
    Single Family (1-4 Units):Site-Built 172 $21,410,000 $124,477

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Marion Center Bank 106 W Main Street Dayton, PA 16222 Full Service B&M $29,861
    Marion Center Bank 1271 Indian Springs Road Indiana, PA 15701 Full Service B&M $44,383
    Marion Center Bank 279 Beaver Street Hastings, PA 16646 Full Service B&M $18,669
    Marion Center Bank 326 E Main St Big Run, PA 15715 Full Service B&M $16,030
    Marion Center Bank 501 East Main Street Marion Center, PA 15759 Full Service B&M $74,040
    Marion Center Bank 514 West Mahoning Street Punxsutawney, PA 15767 Full Service B&M $31,861
    Marion Center Bank 750 Franklin Street Clymer, PA 15728 Full Service B&M $41,973

    For 2018, Marion Center Bank had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $12,723
    Net interest income $10,372
    Total noninterest income $1,021
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $708
    Trading account gains and fees $0
    Additional Noninterest Income $313
    Pre-tax net operating income $2,551
    Securities gains (or losses, -) $-14
    Income before extraordinary items $2,125
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,125
    Minority interest net income $0
    Net income $2,125
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,136

    Marion Center Bank's gross interest income from loans was $12,723,000.
    Marion Center Bank's net interest income from loans was $10,372,000.
    Marion Center Bank's fee based income from loans was $708,000.
    Marion Center Bank's net income from loans was $2,125,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,351
    Provision for credit losses $720
    Total noninterest expense $8,122
    Salaries and employee benefits $4,734
    Premises and equipment expense $746
    Additional noninterest expense $2,642
    Applicable income taxes $412
    Net charge-offs $49
    Cash dividends $1,140

    Marion Center Bank's interest expense for loans was $2,351,000.
    Marion Center Bank's payroll and benefits expense were $4,734,000.
    Marion Center Bank's property, plant and equipment expenses $746,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 2.0%
    Multifamily residential loans 0.0%
    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 $261,823
    Deposits held in domestic offices $261,823
    Deposits by Individuals, partnerships, and corporations $255,076
    Deposits by U.S. Government $3
    Deposits by States and political subdivisions in the U.S. $6,744
    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 $86,495
    Demand deposits $55,998
    Nontransaction accounts $175,328
    Money market deposit accounts (MMDAs) $35,254
    Other savings deposits (excluding MMDAs) $31,090
    Total time deposits $108,984
    Total time and savings deposits $205,825
    Noninterest-bearing deposits $49,393
    Interest-bearing deposits $212,430
    Retail deposits $239,888
    IRAs and Keogh plan accounts $29,314
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $305,905
    Cash & Balances due from depository institutions $5,094
    Interest-bearing balances $3,065
    Total securities $50,247
    Federal funds sold & reverse repurchase $0
    Net loans and leases $236,887
    Loan and leases loss allowance $2,589
    Trading account assets $0
    Bank premises and fixed assets $6,134
    Other real estate owned $0
    Goodwill and other intangibles $366
    All other assets $7,177

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $305,905
    Total Liabilities $283,620
    Total deposits $261,823
    Interest-bearing deposits $212,430
    Deposits held in domestic offices $261,823
    % insured (estimated) $90
    Federal funds purchased and repurchase agreements $3,173
    Trading liabilities $0
    Other borrowed funds $17,979
    Subordinated debt $0
    All other liabilities $645

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $236,887
    Loan and leases loss allowance $2,589
    Total loans and leases (domestic) $239,476
    All real estate loans $192,578
    Real estate loans in domestic offices $192,578
    Construction and development loans $14,539
    Residential 1-4 family construction $3,431
    Other construction, all land development and other land $11,108
    Loans secured by nonfarm nonresidential properties $66,092
    Nonfarm nonresidential secured by owner-occupied properties $39,185
    Commercial real estate & other non-farm, non-residential $26,907
    Multifamily residential real estate $11,595
    1-4 family residential loans $97,542
    Farmland loans $2,810
    Loans held in foreign offices $0
    Farm loans $1,092
    Commercial and industrial loans $29,989
    To non-U.S. addressees $0
    Loans to individuals $9,192
    Credit card loans $0
    Related Plans $1,635
    Consumer Auto Loans $1,237
    Other loans to individuals $6,320
    All other loans & leases $6,625
    Loans to foreign governments and official institutions $0
    Other loans $5,016
    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 $1,201
    Non 1-4 family restructured loans & leases $1,201
    Total loans and leases (foreign) $0

    Marion Center Bank had $236,887,000 of loans outstanding in 2018. $192,578,000 of loans were in real estate loans. $14,539,000 of loans were in development loans. $11,595,000 of loans were in multifamily mortgage loans. $97,542,000 of loans were in 1-4 family mortgage loans. $1,092,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,237,000 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 175 $32,753 $187,160
    Nonfarm, nonresidential loans - <$100k 67 $2,507 $37,418
    Nonfarm, nonresidential loans - $100-250k 48 $4,738 $98,708
    Nonfarm, nonresidential loans - $250k-1MM 60 $25,508 $425,133
    Commercial & Industrial, US addressed loans - <$1MM 363 $21,501 $59,231
    Commercial & Industrial, US addressed loans - <$100k 275 $6,226 $22,640
    Commercial & Industrial, US addressed loans - $100-250k 53 $5,241 $98,887
    Commercial & Industrial, US addressed loans - $250k-1MM 35 $10,034 $286,686
    Farmland loans - <$1MM 18 $2,810 $156,111
    Farmland loans - <$100k 4 $117 $29,250
    Farmland loans - $100-250k 6 $703 $117,167
    Farmland loans - $250k-1MM 8 $1,990 $248,750
    Agriculture operations loans - <$1MM 17 $1,088 $64,000
    Agriculture operations loans - <$100k 13 $167 $12,846
    Agriculture operations loans - $100-250k 2 $257 $128,500
    Agriculture operations loans - $250k-1MM 2 $664 $332,000