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 Refi and Home Purchase loans. Marion Center Bank has a high proportion of conventional loans. Their top markets by origination volume include: Indiana, Dubois, Pittsburgh, Johnstown, and Oil City 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

    216

    Origination Dollar Volume (All Markets)

    $27,270,000

    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) 90 $10,820,000 $120,222 $0 0.00%
    Outside of Metro Areas 53 $6,605,000 $124,623 $0 0.00%
    DuBois, PA (FHA|USDA|VA) 30 $4,530,000 $151,000 $0 0.00%
    PITTSBURGH, PA (FHA|USDA|VA) 21 $3,145,000 $149,762 $0 0.00%
    JOHNSTOWN, PA (FHA|USDA|VA) 21 $1,945,000 $92,619 $0 0.00%
    Oil City, PA (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
    Marion Center Bank's top markets include Indiana, Dubois, Pittsburgh, Johnstown, and Oil City among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 216 $27,270,000 $126,250 $0 0.00%

    For 2020, Marion Center Bank's most frequently originated type of loan was Conventional, with 216 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 94 $14,160,000 $150,638 $0 0.00%
    Home Purchase 78 $7,950,000 $101,923 $0 0.00%
    Cash Out Refi 20 $3,690,000 $184,500 $0 0.00%
    Home Improvement 12 $550,000 $45,833 $0 0.00%
    Other 12 $920,000 $76,667 $0 0.00%

    For 2020, Marion Center Bank's most frequently cited loan purpose was Refi, with 94 originations. The 2nd most popular reason was Home Purchase, with 78 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 216 $27,270,000 $126,250 $0 0.00%

    For 2020, Marion Center Bank's most frequently cited loan duration was Other, with 216 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 112 $6,900,000 $61,607 $0 0.00%
    $100k-200k 70 $9,890,000 $141,286 $0 0.00%
    $200k-400k 28 $7,150,000 $255,357 $0 0.00%
    $400k-600k 5 $2,615,000 $523,000 $0 0.00%
    $600k-1MM 1 $715,000 $715,000 $0 0.00%

    2020 saw Marion Center Bank place emphasis on $100,000 or less loans with 112 originations, totaling $6,900,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 87 $7,985,000 $91,782 $0 0.00%
    $50k-75k 42 $4,810,000 $114,524 $0 0.00%
    $100k-150k 28 $3,800,000 $135,714 $0 0.00%
    $75k-100k 28 $4,190,000 $149,643 $0 0.00%
    $250k+ 8 $3,070,000 $383,750 $0 0.00%
    $150k-250k 5 $1,095,000 $219,000 $0 0.00%

    Marion Center Bank lent most frequently to those with incomes in the $50k or less range, with 87 originations. The second most popular income band? $50k-75k, with 42 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 216 $27,270,000 $126,250 $0 0.00%

    Marion Center Bank lent most frequently to those with DTI ratios of Exempt%, with 216 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 200 $25,260,000 $126,300 $0 0.00%
    Not applicable 13 $1,535,000 $118,077 $0 0.00%
    Asian 1 $275,000 $275,000 $0 0.00%
    Other Pacific Islander 1 $145,000 $145,000 $0 0.00%
    Native Hawaiian or Islander 1 $55,000 $55,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    80.59%

    Marion Center Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    73.15%

    Marion Center Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 216 $27,270,000 $126,250

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $220,000 $110,000
    Single Family (1-4 Units):Manufactured 11 $1,505,000 $136,818
    Single Family (1-4 Units):Site-Built 203 $25,545,000 $125,837

    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 $32,676
    Marion Center Bank 1271 Indian Springs Road Indiana, PA 15701 Full Service B&M $57,321
    Marion Center Bank 279 Beaver Street Hastings, PA 16646 Full Service B&M $25,981
    Marion Center Bank 326 E Main St Big Run, PA 15715 Full Service B&M $19,120
    Marion Center Bank 501 East Main Street Marion Center, PA 15759 Full Service B&M $78,120
    Marion Center Bank 514 West Mahoning Street Punxsutawney, PA 15767 Full Service B&M $39,773
    Marion Center Bank 750 Franklin Street Clymer, PA 15728 Full Service B&M $48,911

    For 2020, Marion Center Bank had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $13,620
    Net interest income $10,865
    Total noninterest income $961
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $717
    Trading account gains and fees $0
    Additional Noninterest Income $244
    Pre-tax net operating income $2,150
    Securities gains (or losses, -) $108
    Income before extraordinary items $1,883
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,883
    Minority interest net income $0
    Net income $1,883
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,793

    Marion Center Bank's gross interest income from loans was $13,620,000.
    Marion Center Bank's net interest income from loans was $10,865,000.
    Marion Center Bank's fee based income from loans was $717,000.
    Marion Center Bank's net income from loans was $1,883,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,755
    Provision for credit losses $869
    Total noninterest expense $8,807
    Salaries and employee benefits $5,203
    Premises and equipment expense $707
    Additional noninterest expense $2,897
    Applicable income taxes $375
    Net charge-offs $307
    Cash dividends $801

    Marion Center Bank's interest expense for loans was $2,755,000.
    Marion Center Bank's payroll and benefits expense were $5,203,000.
    Marion Center Bank's property, plant and equipment expenses $707,000.

    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 4.0%
    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 $317,841
    Deposits held in domestic offices $317,841
    Deposits by Individuals, partnerships, and corporations $309,968
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $7,873
    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 $116,679
    Demand deposits $77,328
    Nontransaction accounts $201,162
    Money market deposit accounts (MMDAs) $53,247
    Other savings deposits (excluding MMDAs) $41,239
    Total time deposits $106,678
    Total time and savings deposits $240,513
    Noninterest-bearing deposits $66,049
    Interest-bearing deposits $251,793
    Retail deposits $294,375
    IRAs and Keogh plan accounts $30,416
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $355,298
    Cash & Balances due from depository institutions $16,870
    Interest-bearing balances $14,012
    Total securities $74,238
    Federal funds sold & reverse repurchase $0
    Net loans and leases $250,627
    Loan and leases loss allowance $2,792
    Trading account assets $0
    Bank premises and fixed assets $5,629
    Other real estate owned $10
    Goodwill and other intangibles $366
    All other assets $7,558

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $355,298
    Total Liabilities $329,032
    Total deposits $317,841
    Interest-bearing deposits $251,793
    Deposits held in domestic offices $317,841
    % insured (estimated) $89
    Federal funds purchased and repurchase agreements $3,364
    Trading liabilities $0
    Other borrowed funds $7,000
    Subordinated debt $0
    All other liabilities $827

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $250,627
    Loan and leases loss allowance $2,792
    Total loans and leases (domestic) $253,419
    All real estate loans $197,605
    Real estate loans in domestic offices $197,605
    Construction and development loans $6,402
    Residential 1-4 family construction $2,248
    Other construction, all land development and other land $4,154
    Loans secured by nonfarm nonresidential properties $72,964
    Nonfarm nonresidential secured by owner-occupied properties $36,389
    Commercial real estate & other non-farm, non-residential $36,575
    Multifamily residential real estate $7,453
    1-4 family residential loans $108,677
    Farmland loans $2,109
    Loans held in foreign offices $0
    Farm loans $439
    Commercial and industrial loans $39,311
    To non-U.S. addressees $0
    Loans to individuals $10,252
    Credit card loans $0
    Related Plans $1,545
    Consumer Auto Loans $1,378
    Other loans to individuals $7,329
    All other loans & leases $5,812
    Loans to foreign governments and official institutions $0
    Other loans $4,471
    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 $1,834
    Non 1-4 family restructured loans & leases $444
    Total loans and leases (foreign) $0

    Marion Center Bank had $250,627,000 of loans outstanding in 2020. $197,605,000 of loans were in real estate loans. $6,402,000 of loans were in development loans. $7,453,000 of loans were in multifamily mortgage loans. $108,677,000 of loans were in 1-4 family mortgage loans. $439,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,378,000 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 178 $31,539 $177,185
    Nonfarm, nonresidential loans - <$100k 70 $2,530 $36,143
    Nonfarm, nonresidential loans - $100-250k 47 $5,161 $109,809
    Nonfarm, nonresidential loans - $250k-1MM 61 $23,848 $390,951
    Commercial & Industrial, US addressed loans - <$1MM 540 $26,259 $48,628
    Commercial & Industrial, US addressed loans - <$100k 432 $8,810 $20,394
    Commercial & Industrial, US addressed loans - $100-250k 70 $7,025 $100,357
    Commercial & Industrial, US addressed loans - $250k-1MM 38 $10,424 $274,316
    Farmland loans - <$1MM 14 $2,105 $150,357
    Farmland loans - <$100k 4 $201 $50,250
    Farmland loans - $100-250k 3 $247 $82,333
    Farmland loans - $250k-1MM 7 $1,657 $236,714
    Agriculture operations loans - <$1MM 15 $438 $29,200
    Agriculture operations loans - <$100k 12 $176 $14,667
    Agriculture operations loans - $100-250k 2 $174 $87,000
    Agriculture operations loans - $250k-1MM 1 $88 $88,000