The Gratz Bank Mortgage Rates, Fees & Info

Gratz, PA

LEI: 549300J0CKZA0PR2DX58

Tax ID: 23-0641835

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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 Gratz Bank is a smaller bank specializing in Home Purchase and Refi loans. The Gratz Bank has a high proportion of conventional loans. Their top markets by origination volume include: Harrisburg, Sunbury, Pottsville, State College, and Salisbury among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The Gratz Bank has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders. The Gratz Bank is typically a low 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 relatively high 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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    Originations

    176

    Origination Dollar Volume (All Markets)

    $18,350,000

    Employee count

    52

    Awards

    The Gratz Bank 30 Year Conventional Loans gold The Gratz Bank 30 Year Conventional Loans bronze
    Show all (2) awards

    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
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 65 $6,135,000 $94,385 $1,493 5.11%
    Sunbury, PA (FHA|USDA|VA) 40 $4,990,000 $124,750 $1,628 4.98%
    Pottsville, PA (FHA|USDA|VA) 53 $4,505,000 $85,000 $1,153 5.07%
    STATE COLLEGE, PA (FHA|USDA|VA) 8 $1,290,000 $161,250 $0 5.41%
    SALISBURY, MD-DE (FHA|USDA|VA) 1 $525,000 $525,000 $0 5.25%
    READING, PA (FHA|USDA|VA) 1 $365,000 $365,000 $5,792 5.94%
    LEBANON, PA (FHA|USDA|VA) 1 $165,000 $165,000 $2,563 4.75%
    Selinsgrove, PA (FHA|USDA|VA) 2 $110,000 $55,000 $1,146 5.17%
    Lewistown, PA (FHA|USDA|VA) 2 $80,000 $40,000 $580 5.01%
    Outside of Metro Areas 1 $75,000 $75,000 $0 4.25%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $65,000 $65,000 $569 5.96%
    Somerset, PA (FHA|USDA|VA) 1 $45,000 $45,000 $0 5.50%
    The Gratz Bank's top markets include Harrisburg, Sunbury, Pottsville, State College, and Salisbury among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against The Gratz Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    PENNSYLVANIA STATE EMPLOYEES Credit Union
    Similarity Rank: 228
    ACNB Bank
    Similarity Rank: 348
    HOWARD HANNA FINANCIAL SERVICES, INC.
    Similarity Rank: 360
    Mid Penn Bank
    Similarity Rank: 540
    The Gratz Bank
    Similarity Rank: 612
    Foote Capital Mortgage Company
    Similarity Rank: 644
    PEOPLESBANK, A CODORUS VALLEY COMPANY
    Similarity Rank: 882
    Fulton Bank
    Similarity Rank: 1296
    Homesale Mortgage, LLC
    Similarity Rank: 1504
    AMERICAN FEDERAL MORTGAGE CORPORATION
    Similarity Rank: 1520

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 176 $18,350,000 $104,261 $1,410 5.09%

    For 2018, The Gratz Bank's most frequently originated type of loan was Conventional, with 176 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 75 $9,595,000 $127,933 $2,280 5.20%
    Refi 53 $5,345,000 $100,849 $1,069 4.96%
    Home Improvement 28 $2,040,000 $72,857 $789 5.15%
    Other 15 $725,000 $48,333 $527 5.07%
    Cash Out Refi 5 $645,000 $129,000 $2,240 4.50%

    For 2018, The Gratz Bank's most frequently cited loan purpose was Home Purchase, with 75 originations. The 2nd most popular reason was Refi, with 53 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    5 Year 45 $4,775,000 $106,111 $296 5.37%
    10 Year 36 $2,010,000 $55,833 $392 4.60%
    30 Year 34 $5,400,000 $158,824 $2,256 5.18%
    15 Year 27 $1,695,000 $62,778 $1,197 5.21%
    20 Year 14 $1,400,000 $100,000 $1,785 4.98%
    30+ year 7 $1,835,000 $262,143 $4,098 5.34%
    Other 6 $730,000 $121,667 $2,127 5.09%
    1 Year 4 $360,000 $90,000 $719 5.05%
    3 Year 3 $145,000 $48,333 $183 4.72%

    For 2018, The Gratz Bank's most frequently cited loan duration was 5 Year, with 45 originations. The 2nd most popular length was 10 Year, with 36 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 122 $10,000,000 $81,967
    $1k-2k 9 $2,685,000 $298,333
    $2k-3k 1 $135,000 $135,000

    The Gratz Bank's average total fees were $2,256, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 122 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 106 $11,020,000 $103,962
    4-5% 66 $6,460,000 $97,879
    3-4% 2 $560,000 $280,000
    6-7% 2 $310,000 $155,000

    During 2018, The Gratz Bank's average interest rate for loans was 5.18%, while their most frequently originated rate bucket for loans was 5-6%, with 106 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 113 $5,985,000 $52,965 $695 5.06%
    $100k-200k 43 $6,135,000 $142,674 $2,504 5.09%
    $200k-400k 16 $4,310,000 $269,375 $3,913 5.29%
    $400k-600k 4 $1,920,000 $480,000 $4,657 5.04%

    2018 saw The Gratz Bank place emphasis on $100,000 or less loans with 113 originations, totaling $5,985,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 41 $3,195,000 $77,927 $1,321 5.05%
    $50k or less 39 $2,515,000 $64,487 $1,265 5.16%
    $75k-100k 33 $3,575,000 $108,333 $1,386 5.04%
    $100k-150k 27 $4,035,000 $149,444 $1,789 5.10%
    $250k+ 9 $1,755,000 $195,000 $2,428 4.79%
    $150k-250k 6 $710,000 $118,333 $1,231 5.13%

    The Gratz Bank lent most frequently to those with incomes in the $50k-75k range, with 41 originations. The second most popular income band? $50k or less, with 39 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 40 $3,060,000 $76,500 $1,182 4.84%
    30-36% 29 $2,395,000 $82,586 $1,613 5.05%
    <20% 27 $2,475,000 $91,667 $845 4.82%
    36% 14 $1,960,000 $140,000 $2,351 5.30%
    37% 8 $910,000 $113,750 $1,687 5.46%
    40% 3 $505,000 $168,333 $1,345 5.01%
    44% 2 $520,000 $260,000 $2,458 5.33%
    46% 2 $270,000 $135,000 $2,202 5.00%
    38% 2 $110,000 $55,000 $255 4.82%
    45% 2 $570,000 $285,000 $4,258 5.35%
    50-60% 1 $25,000 $25,000 $192 5.60%
    39% 1 $95,000 $95,000 $1,849 5.00%
    41% 1 $65,000 $65,000 $164 5.09%

    The Gratz Bank lent most frequently to those with DTI ratios of 20-30%, with 40 originations. The next most common DTI ratio? 30-36%, with 29 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 158 $15,910,000 $100,696 $1,410 5.06%
    Not applicable 17 $2,335,000 $137,353 $0 5.36%
    Not provided 1 $105,000 $105,000 $0 5.00%

    Approval Rates

    Total approvals of all applications
    83.84%

    The Gratz Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    90.91%

    The Gratz Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 176 $18,350,000 $104,261

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $125,000 $125,000
    Single Family (1-4 Units):Manufactured 9 $395,000 $43,889
    Single Family (1-4 Units):Site-Built 166 $17,830,000 $107,410

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 29 $2,235,000 $77,069 $826 5.12%
    40-60% 23 $2,505,000 $108,913 $1,322 4.99%
    60-80% 67 $8,165,000 $121,866 $1,757 5.13%
    80-100% 26 $4,010,000 $154,231 $2,644 5.13%
    Under 20% 31 $1,435,000 $46,290 $313 5.02%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The Gratz Bank 1625 West Main Street Valley View, PA 17983 Full Service B&M $44,381
    The Gratz Bank 2221 West Market Street Pottsville, PA 17901 Full Service B&M $19,328
    The Gratz Bank 260 Sunbury Street Minersville, PA 17954 Full Service B&M $61,733
    The Gratz Bank 32 West Market Street Gratz, PA 17030 Full Service B&M $117,893
    The Gratz Bank 4231 State Route 147 Herndon, PA 17830 Full Service B&M $41,619

    For 2018, The Gratz Bank had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $12,742
    Net interest income $10,603
    Total noninterest income $1,208
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $509
    Trading account gains and fees $0
    Additional Noninterest Income $699
    Pre-tax net operating income $4,546
    Securities gains (or losses, -) $-171
    Income before extraordinary items $3,646
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,646
    Minority interest net income $0
    Net income $3,646
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,787

    The Gratz Bank's gross interest income from loans was $12,742,000.
    The Gratz Bank's net interest income from loans was $10,603,000.
    The Gratz Bank's fee based income from loans was $509,000.
    The Gratz Bank's net income from loans was $3,646,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,139
    Provision for credit losses $314
    Total noninterest expense $6,951
    Salaries and employee benefits $3,725
    Premises and equipment expense $572
    Additional noninterest expense $2,654
    Applicable income taxes $729
    Net charge-offs $99
    Cash dividends $1,089

    The Gratz Bank's interest expense for loans was $2,139,000.
    The Gratz Bank's payroll and benefits expense were $3,725,000.
    The Gratz Bank's property, plant and equipment expenses $572,000.

    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 1.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 1.0%
    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 1.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $288,341
    Deposits held in domestic offices $288,341
    Deposits by Individuals, partnerships, and corporations $251,936
    Deposits by U.S. Government $11
    Deposits by States and political subdivisions in the U.S. $36,394
    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 $132,336
    Demand deposits $104,902
    Nontransaction accounts $156,005
    Money market deposit accounts (MMDAs) $0
    Other savings deposits (excluding MMDAs) $63,708
    Total time deposits $92,297
    Total time and savings deposits $183,439
    Noninterest-bearing deposits $47,167
    Interest-bearing deposits $241,174
    Retail deposits $266,158
    IRAs and Keogh plan accounts $22,111
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $334,521
    Cash & Balances due from depository institutions $26,824
    Interest-bearing balances $20,045
    Total securities $57,614
    Federal funds sold & reverse repurchase $382
    Net loans and leases $233,141
    Loan and leases loss allowance $2,263
    Trading account assets $0
    Bank premises and fixed assets $3,447
    Other real estate owned $304
    Goodwill and other intangibles $2,370
    All other assets $10,439

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $334,521
    Total Liabilities $304,553
    Total deposits $288,341
    Interest-bearing deposits $241,174
    Deposits held in domestic offices $288,341
    % insured (estimated) $81
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $13,350
    Subordinated debt $0
    All other liabilities $2,862

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $233,141
    Loan and leases loss allowance $2,263
    Total loans and leases (domestic) $235,404
    All real estate loans $185,931
    Real estate loans in domestic offices $185,931
    Construction and development loans $7,256
    Residential 1-4 family construction $2,518
    Other construction, all land development and other land $4,738
    Loans secured by nonfarm nonresidential properties $29,880
    Nonfarm nonresidential secured by owner-occupied properties $9,136
    Commercial real estate & other non-farm, non-residential $20,744
    Multifamily residential real estate $2,255
    1-4 family residential loans $106,812
    Farmland loans $39,728
    Loans held in foreign offices $0
    Farm loans $15,349
    Commercial and industrial loans $21,389
    To non-U.S. addressees $0
    Loans to individuals $2,166
    Credit card loans $0
    Related Plans $277
    Consumer Auto Loans $582
    Other loans to individuals $1,307
    All other loans & leases $10,569
    Loans to foreign governments and official institutions $0
    Other loans $2,254
    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 $109
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    The Gratz Bank had $233,141,000 of loans outstanding in 2018. $185,931,000 of loans were in real estate loans. $7,256,000 of loans were in development loans. $2,255,000 of loans were in multifamily mortgage loans. $106,812,000 of loans were in 1-4 family mortgage loans. $15,349,000 of loans were in farm loans. $0 of loans were in credit card loans. $582,000 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 99 $14,175 $143,182
    Nonfarm, nonresidential loans - <$100k 43 $1,292 $30,047
    Nonfarm, nonresidential loans - $100-250k 29 $3,676 $126,759
    Nonfarm, nonresidential loans - $250k-1MM 27 $9,207 $341,000
    Commercial & Industrial, US addressed loans - <$1MM 388 $15,484 $39,907
    Commercial & Industrial, US addressed loans - <$100k 313 $4,759 $15,204
    Commercial & Industrial, US addressed loans - $100-250k 50 $4,959 $99,180
    Commercial & Industrial, US addressed loans - $250k-1MM 25 $5,766 $230,640
    Farmland loans - <$1MM 102 $17,085 $167,500
    Farmland loans - <$100k 32 $1,218 $38,063
    Farmland loans - $100-250k 34 $4,733 $139,206
    Farmland loans - $250k-1MM 36 $11,134 $309,278
    Agriculture operations loans - <$1MM 168 $8,780 $52,262
    Agriculture operations loans - <$100k 130 $2,339 $17,992
    Agriculture operations loans - $100-250k 18 $1,880 $104,444
    Agriculture operations loans - $250k-1MM 20 $4,561 $228,050