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, Wilmington, and Johnstown among others. We have data for 8 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

    136

    Origination Dollar Volume (All Markets)

    $16,480,000

    Employee count

    85

    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) 61 $7,595,000 $124,508 $0 0.00%
    Outside of Metro Areas 36 $3,430,000 $95,278 $0 0.00%
    PITTSBURGH, PA (FHA|USDA|VA) 15 $2,535,000 $169,000 $0 0.00%
    DuBois, PA (FHA|USDA|VA) 13 $1,555,000 $119,615 $0 0.00%
    WILMINGTON, NC (FHA|USDA|VA) 1 $465,000 $465,000 $0 0.00%
    JOHNSTOWN, PA (FHA|USDA|VA) 6 $390,000 $65,000 $0 0.00%
    St. Marys, PA (FHA|USDA|VA) 3 $375,000 $125,000 $0 0.00%
    ALTOONA, PA (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
    Marion Center Bank's top markets include Indiana, Pittsburgh, Dubois, Wilmington, and Johnstown among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 136 $16,480,000 $121,176 $0 0.00%

    For 2019, Marion Center Bank's most frequently originated type of loan was Conventional, with 136 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 70 $9,160,000 $130,857 $0 0.00%
    Refi 37 $5,705,000 $154,189 $0 0.00%
    Home Improvement 11 $585,000 $53,182 $0 0.00%
    Cash Out Refi 10 $750,000 $75,000 $0 0.00%
    Other 8 $280,000 $35,000 $0 0.00%

    For 2019, Marion Center Bank's most frequently cited loan purpose was Home Purchase, with 70 originations. The 2nd most popular reason was Refi, with 37 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 136 $16,480,000 $121,176 $0 0.00%

    For 2019, Marion Center Bank's most frequently cited loan duration was Other, with 136 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 72 $3,670,000 $50,972 $0 0.00%
    $100k-200k 46 $6,510,000 $141,522 $0 0.00%
    $200k-400k 11 $2,755,000 $250,455 $0 0.00%
    $400k-600k 6 $2,810,000 $468,333 $0 0.00%
    $600k-1MM 1 $735,000 $735,000 $0 0.00%

    2019 saw Marion Center Bank place emphasis on $100,000 or less loans with 72 originations, totaling $3,670,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 61 $5,575,000 $91,393 $0 0.00%
    $50k-75k 24 $2,010,000 $83,750 $0 0.00%
    $75k-100k 21 $3,045,000 $145,000 $0 0.00%
    $100k-150k 16 $2,030,000 $126,875 $0 0.00%
    $150k-250k 4 $1,050,000 $262,500 $0 0.00%
    $250k+ 3 $985,000 $328,333 $0 0.00%

    Marion Center Bank lent most frequently to those with incomes in the $50k or less range, with 61 originations. The second most popular income band? $50k-75k, with 24 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 136 $16,480,000 $121,176 $0 0.00%

    Marion Center Bank lent most frequently to those with DTI ratios of Exempt%, with 136 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 131 $14,715,000 $112,328 $0 0.00%
    Not applicable 4 $1,030,000 $257,500 $0 0.00%
    Asian 1 $735,000 $735,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    77.21%

    Marion Center Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    77.94%

    Marion Center Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 136 $16,480,000 $121,176

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $525,000 $525,000
    Single Family (1-4 Units):Manufactured 21 $1,665,000 $79,286
    Single Family (1-4 Units):Site-Built 114 $14,290,000 $125,351

    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 $31,037
    Marion Center Bank 1271 Indian Springs Road Indiana, PA 15701 Full Service B&M $51,163
    Marion Center Bank 279 Beaver Street Hastings, PA 16646 Full Service B&M $21,042
    Marion Center Bank 326 E Main St Big Run, PA 15715 Full Service B&M $17,755
    Marion Center Bank 501 East Main Street Marion Center, PA 15759 Full Service B&M $74,719
    Marion Center Bank 514 West Mahoning Street Punxsutawney, PA 15767 Full Service B&M $36,736
    Marion Center Bank 750 Franklin Street Clymer, PA 15728 Full Service B&M $43,501

    For 2019, Marion Center Bank had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $13,790
    Net interest income $10,499
    Total noninterest income $1,109
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $745
    Trading account gains and fees $0
    Additional Noninterest Income $364
    Pre-tax net operating income $2,499
    Securities gains (or losses, -) $156
    Income before extraordinary items $2,199
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,199
    Minority interest net income $0
    Net income $2,199
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,069

    Marion Center Bank's gross interest income from loans was $13,790,000.
    Marion Center Bank's net interest income from loans was $10,499,000.
    Marion Center Bank's fee based income from loans was $745,000.
    Marion Center Bank's net income from loans was $2,199,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,291
    Provision for credit losses $447
    Total noninterest expense $8,662
    Salaries and employee benefits $5,168
    Premises and equipment expense $742
    Additional noninterest expense $2,752
    Applicable income taxes $456
    Net charge-offs $806
    Cash dividends $1,063

    Marion Center Bank's interest expense for loans was $3,291,000.
    Marion Center Bank's payroll and benefits expense were $5,168,000.
    Marion Center Bank's property, plant and equipment expenses $742,000.

    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 1.0%
    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 $283,251
    Deposits held in domestic offices $283,251
    Deposits by Individuals, partnerships, and corporations $275,961
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $7,290
    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 $92,042
    Demand deposits $57,599
    Nontransaction accounts $191,209
    Money market deposit accounts (MMDAs) $39,378
    Other savings deposits (excluding MMDAs) $34,628
    Total time deposits $117,204
    Total time and savings deposits $225,652
    Noninterest-bearing deposits $50,788
    Interest-bearing deposits $232,463
    Retail deposits $256,321
    IRAs and Keogh plan accounts $31,212
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $318,872
    Cash & Balances due from depository institutions $6,623
    Interest-bearing balances $4,409
    Total securities $56,189
    Federal funds sold & reverse repurchase $0
    Net loans and leases $242,902
    Loan and leases loss allowance $2,230
    Trading account assets $0
    Bank premises and fixed assets $5,872
    Other real estate owned $180
    Goodwill and other intangibles $366
    All other assets $6,740

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $318,872
    Total Liabilities $294,445
    Total deposits $283,251
    Interest-bearing deposits $232,463
    Deposits held in domestic offices $283,251
    % insured (estimated) $89
    Federal funds purchased and repurchase agreements $3,573
    Trading liabilities $0
    Other borrowed funds $7,000
    Subordinated debt $0
    All other liabilities $621

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $242,902
    Loan and leases loss allowance $2,230
    Total loans and leases (domestic) $245,132
    All real estate loans $189,379
    Real estate loans in domestic offices $189,379
    Construction and development loans $6,740
    Residential 1-4 family construction $1,130
    Other construction, all land development and other land $5,610
    Loans secured by nonfarm nonresidential properties $68,805
    Nonfarm nonresidential secured by owner-occupied properties $37,807
    Commercial real estate & other non-farm, non-residential $30,998
    Multifamily residential real estate $9,191
    1-4 family residential loans $102,480
    Farmland loans $2,163
    Loans held in foreign offices $0
    Farm loans $1,122
    Commercial and industrial loans $34,645
    To non-U.S. addressees $0
    Loans to individuals $13,748
    Credit card loans $0
    Related Plans $1,752
    Consumer Auto Loans $1,483
    Other loans to individuals $10,513
    All other loans & leases $6,238
    Loans to foreign governments and official institutions $0
    Other loans $4,708
    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 $1,283
    Non 1-4 family restructured loans & leases $518
    Total loans and leases (foreign) $0

    Marion Center Bank had $242,902,000 of loans outstanding in 2019. $189,379,000 of loans were in real estate loans. $6,740,000 of loans were in development loans. $9,191,000 of loans were in multifamily mortgage loans. $102,480,000 of loans were in 1-4 family mortgage loans. $1,122,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,483,000 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 188 $33,125 $176,197
    Nonfarm, nonresidential loans - <$100k 75 $2,555 $34,067
    Nonfarm, nonresidential loans - $100-250k 53 $5,445 $102,736
    Nonfarm, nonresidential loans - $250k-1MM 60 $25,125 $418,750
    Commercial & Industrial, US addressed loans - <$1MM 368 $19,857 $53,959
    Commercial & Industrial, US addressed loans - <$100k 278 $6,099 $21,939
    Commercial & Industrial, US addressed loans - $100-250k 53 $4,420 $83,396
    Commercial & Industrial, US addressed loans - $250k-1MM 37 $9,338 $252,378
    Farmland loans - <$1MM 15 $2,163 $144,200
    Farmland loans - <$100k 4 $180 $45,000
    Farmland loans - $100-250k 3 $264 $88,000
    Farmland loans - $250k-1MM 8 $1,719 $214,875
    Agriculture operations loans - <$1MM 15 $621 $41,400
    Agriculture operations loans - <$100k 12 $218 $18,167
    Agriculture operations loans - $100-250k 2 $230 $115,000
    Agriculture operations loans - $250k-1MM 1 $173 $173,000