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, Refi, and Cash Out Refi loans. Marion Center Bank has a high proportion of conventional loans. Their top markets by origination volume include: Indiana, Pittsburgh, Dubois, Johnstown, and Lewisburg among others. We have data for 7 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

    219

    Origination Dollar Volume (All Markets)

    $33,845,000

    Employee count

    78

    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) 97 $11,405,000 $117,577 $0 0.00%
    Outside of Metro Areas 48 $9,270,000 $193,125 $0 0.00%
    PITTSBURGH, PA (FHA|USDA|VA) 23 $6,755,000 $293,696 $0 0.00%
    DuBois, PA (FHA|USDA|VA) 37 $5,175,000 $139,865 $0 0.00%
    JOHNSTOWN, PA (FHA|USDA|VA) 12 $950,000 $79,167 $0 0.00%
    Lewisburg, PA (FHA|USDA|VA) 1 $215,000 $215,000 $0 0.00%
    Bradford, PA (FHA|USDA|VA) 1 $75,000 $75,000 $0 0.00%
    Marion Center Bank's top markets include Indiana, Pittsburgh, Dubois, Johnstown, and Lewisburg among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 219 $33,845,000 $154,543 $0 0.00%

    For 2021, Marion Center Bank's most frequently originated type of loan was Conventional, with 219 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 79 $10,385,000 $131,456 $0 0.00%
    Refi 58 $12,330,000 $212,586 $0 0.00%
    Cash Out Refi 57 $8,915,000 $156,404 $0 0.00%
    Other 17 $1,595,000 $93,824 $0 0.00%
    Home Improvement 8 $620,000 $77,500 $0 0.00%

    For 2021, Marion Center Bank's most frequently cited loan purpose was Home Purchase, with 79 originations. The 2nd most popular reason was Refi, with 58 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 219 $33,845,000 $154,543 $0 0.00%

    For 2021, Marion Center Bank's most frequently cited loan duration was Other, with 219 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 98 $5,880,000 $60,000 $0 0.00%
    $100k-200k 84 $12,300,000 $146,429 $0 0.00%
    $200k-400k 31 $8,125,000 $262,097 $0 0.00%
    $1MM+ 3 $5,585,000 $1,861,667 $0 0.00%
    $600k-1MM 2 $1,530,000 $765,000 $0 0.00%
    $400k-600k 1 $425,000 $425,000 $0 0.00%

    2021 saw Marion Center Bank place emphasis on $100,000 or less loans with 98 originations, totaling $5,880,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 67 $8,005,000 $119,478 $0 0.00%
    $50k or less 54 $5,550,000 $102,778 $0 0.00%
    $75k-100k 36 $4,530,000 $125,833 $0 0.00%
    $100k-150k 22 $2,970,000 $135,000 $0 0.00%
    $150k-250k 21 $4,745,000 $225,952 $0 0.00%
    $250k+ 3 $555,000 $185,000 $0 0.00%

    Marion Center Bank lent most frequently to those with incomes in the $50k-75k range, with 67 originations. The second most popular income band? $50k or less, with 54 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 219 $33,845,000 $154,543 $0 0.00%

    Marion Center Bank lent most frequently to those with DTI ratios of Exempt%, with 219 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 204 $26,900,000 $131,863 $0 0.00%
    Not applicable 12 $6,400,000 $533,333 $0 0.00%
    Not provided 3 $545,000 $181,667 $0 0.00%

    Approval Rates

    Total approvals of all applications
    81.23%

    Marion Center Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    85.39%

    Marion Center Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 219 $33,845,000 $154,543

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    219 $33,845,000 $154,543

    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 $37,340
    Marion Center Bank 1271 Indian Springs Road Indiana, PA 15701 Full Service B&M $66,360
    Marion Center Bank 279 Beaver Street Hastings, PA 16646 Full Service B&M $28,439
    Marion Center Bank 326 E Main St Big Run, PA 15715 Full Service B&M $21,371
    Marion Center Bank 501 East Main Street Marion Center, PA 15759 Full Service B&M $85,747
    Marion Center Bank 514 West Mahoning Street Punxsutawney, PA 15767 Full Service B&M $47,622
    Marion Center Bank 750 Franklin Street Clymer, PA 15728 Full Service B&M $57,073

    For 2021, Marion Center Bank had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $13,776
    Net interest income $11,676
    Total noninterest income $1,137
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $836
    Trading account gains and fees $0
    Additional Noninterest Income $301
    Pre-tax net operating income $2,682
    Securities gains (or losses, -) $191
    Income before extraordinary items $2,409
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,409
    Minority interest net income $0
    Net income $2,409
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,248

    Marion Center Bank's gross interest income from loans was $13,776,000.
    Marion Center Bank's net interest income from loans was $11,676,000.
    Marion Center Bank's fee based income from loans was $836,000.
    Marion Center Bank's net income from loans was $2,409,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,100
    Provision for credit losses $500
    Total noninterest expense $9,631
    Salaries and employee benefits $5,588
    Premises and equipment expense $721
    Additional noninterest expense $3,322
    Applicable income taxes $464
    Net charge-offs $250
    Cash dividends $1,022

    Marion Center Bank's interest expense for loans was $2,100,000.
    Marion Center Bank's payroll and benefits expense were $5,588,000.
    Marion Center Bank's property, plant and equipment expenses $721,000.

    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 1.0%
    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 $357,876
    Deposits held in domestic offices $357,876
    Deposits by Individuals, partnerships, and corporations $349,647
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $8,229
    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 $134,776
    Demand deposits $88,545
    Nontransaction accounts $223,100
    Money market deposit accounts (MMDAs) $66,630
    Other savings deposits (excluding MMDAs) $48,014
    Total time deposits $108,456
    Total time and savings deposits $269,331
    Noninterest-bearing deposits $75,784
    Interest-bearing deposits $282,092
    Retail deposits $335,016
    IRAs and Keogh plan accounts $31,773
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $389,435
    Cash & Balances due from depository institutions $5,620
    Interest-bearing balances $2,944
    Total securities $97,541
    Federal funds sold & reverse repurchase $0
    Net loans and leases $272,501
    Loan and leases loss allowance $3,042
    Trading account assets $0
    Bank premises and fixed assets $5,502
    Other real estate owned $10
    Goodwill and other intangibles $366
    All other assets $7,895

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $389,435
    Total Liabilities $363,377
    Total deposits $357,876
    Interest-bearing deposits $282,092
    Deposits held in domestic offices $357,876
    % insured (estimated) $88
    Federal funds purchased and repurchase agreements $4,623
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $878

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $272,501
    Loan and leases loss allowance $3,042
    Total loans and leases (domestic) $275,543
    All real estate loans $211,741
    Real estate loans in domestic offices $211,741
    Construction and development loans $9,036
    Residential 1-4 family construction $1,350
    Other construction, all land development and other land $7,686
    Loans secured by nonfarm nonresidential properties $80,167
    Nonfarm nonresidential secured by owner-occupied properties $41,225
    Commercial real estate & other non-farm, non-residential $38,942
    Multifamily residential real estate $7,682
    1-4 family residential loans $112,889
    Farmland loans $1,967
    Loans held in foreign offices $0
    Farm loans $348
    Commercial and industrial loans $45,730
    To non-U.S. addressees $0
    Loans to individuals $6,561
    Credit card loans $0
    Related Plans $1,436
    Consumer Auto Loans $1,105
    Other loans to individuals $4,020
    All other loans & leases $11,163
    Loans to foreign governments and official institutions $0
    Other loans $10,006
    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 $12,705
    Non 1-4 family restructured loans & leases $11,825
    Total loans and leases (foreign) $0

    Marion Center Bank had $272,501,000 of loans outstanding in 2021. $211,741,000 of loans were in real estate loans. $9,036,000 of loans were in development loans. $7,682,000 of loans were in multifamily mortgage loans. $112,889,000 of loans were in 1-4 family mortgage loans. $348,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,105,000 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 172 $32,628 $189,698
    Nonfarm, nonresidential loans - <$100k 64 $2,138 $33,406
    Nonfarm, nonresidential loans - $100-250k 45 $5,247 $116,600
    Nonfarm, nonresidential loans - $250k-1MM 63 $25,243 $400,683
    Commercial & Industrial, US addressed loans - <$1MM 478 $29,541 $61,801
    Commercial & Industrial, US addressed loans - <$100k 356 $9,297 $26,115
    Commercial & Industrial, US addressed loans - $100-250k 84 $10,215 $121,607
    Commercial & Industrial, US addressed loans - $250k-1MM 38 $10,029 $263,921
    Farmland loans - <$1MM 16 $1,956 $122,250
    Farmland loans - <$100k 5 $191 $38,200
    Farmland loans - $100-250k 4 $403 $100,750
    Farmland loans - $250k-1MM 7 $1,362 $194,571
    Agriculture operations loans - <$1MM 18 $348 $19,333
    Agriculture operations loans - <$100k 16 $322 $20,125
    Agriculture operations loans - $100-250k 2 $26 $13,000