Ponce Bank Mortgage Rates, Fees & Info

New York, NY

LEI: 549300K0ZDYG8YJZ3L95

Tax ID: 82-2922475

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
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Overview

    Ponce Bank is a smaller bank specializing in Cash Out Refi and Home Purchase loans. Ponce Bank has a high proportion of conventional loans. Their top markets include and New York among others. Ponce Bank has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors.


    Originations

    64

    Origination Dollar Volume (All Markets)

    $116,960,000

    Employee count

    172

    Top Markets

    Market Originations Total Value Average Loan Average Fees Average Rate
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 64 $116,960,000 $1,827,500 $0 0.00%

    Ponce Bank's top markets include and New York among others.

    Product Mix

    Loan Type Originations Total Value Average Loan Average Fees Average Rate
    Conventional 64 $116,960,000 $1,827,500 $0 0.00%

    For the 2021 period, Ponce Bank's most frequently originated loan type of loans were Conventional, with 64 originations.

    Loan Reason

    Loan Reason Originations Total Value Average Loan Average Fees Average Rate
    Cash Out Refi 32 $52,420,000 $1,638,125 $0 0.00%
    Home Purchase 22 $54,790,000 $2,490,455 $0 0.00%
    Refi 9 $6,565,000 $729,444 $0 0.00%
    Home Improvement 1 $3,185,000 $3,185,000 $0 0.00%

    For the 2021, Ponce Bank's most frequently cited loan purpose of loans were Cash Out Refi, with 32 originations. The 2nd most popular reason of loans were Home Purchase, with 22 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 64 $116,960,000 $1,827,500 $0 0.00%

    For the 2021, Ponce Bank's most frequently cited loan length of loans were Other, with 64 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 23 $92,455,000 $4,019,783 $0 0.00%
    $600k-1MM 22 $16,820,000 $764,545 $0 0.00%
    $400k-600k 11 $5,565,000 $505,909 $0 0.00%
    $200k-400k 7 $1,965,000 $280,714 $0 0.00%
    $100k-200k 1 $155,000 $155,000 $0 0.00%

    2021 saw Ponce Bank place emphasis on $1MM+ loans with 23 originations, totaling $92,455,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 5 $4,705,000 $941,000 $0 0.00%
    $150k-250k 4 $2,940,000 $735,000 $0 0.00%
    $100k-150k 1 $275,000 $275,000 $0 0.00%

    Ponce Bank lent most frequently to those with incomes in the $250k+ range, with 5 originations. The second most popular income band? $150k-250k, with 4 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 64 $116,960,000 $1,827,500 $0 0.00%

    Ponce Bank lent most frequently to those with DTI ratios of Exempt%, with 64 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 53 $108,735,000 $2,051,604 $0 0.00%
    White 10 $7,560,000 $756,000 $0 0.00%
    Asian 1 $665,000 $665,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.62%

    Ponce Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.50%

    Ponce Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 64 $116,960,000 $1,827,500

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    64 $116,960,000 $1,827,500

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    PNC Bank N.A. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 31 9.0%
    PNC Bank N.A. Conventional home mortgage Closing on a mortgage 22 6.4%
    PNC Bank N.A. Conventional home mortgage Incorrect information on your report 2 0.6%
    PNC Bank N.A. Conventional home mortgage Struggling to pay mortgage 37 10.8%
    PNC Bank N.A. Conventional home mortgage Trouble during payment process 117 34.0%
    PNC Bank N.A. FHA mortgage Applying for a mortgage or refinancing an existing mortgage 2 0.6%
    PNC Bank N.A. FHA mortgage Closing on a mortgage 2 0.6%
    PNC Bank N.A. FHA mortgage Struggling to pay mortgage 13 3.8%
    PNC Bank N.A. FHA mortgage Trouble during payment process 8 2.3%
    PNC Bank N.A. Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 21 6.1%
    PNC Bank N.A. Home equity loan or line of credit (HELOC) Closing on a mortgage 10 2.9%
    PNC Bank N.A. Home equity loan or line of credit (HELOC) Credit monitoring or identity theft protection services 1 0.3%
    PNC Bank N.A. Home equity loan or line of credit (HELOC) Incorrect information on your report 2 0.6%
    PNC Bank N.A. Home equity loan or line of credit (HELOC) Problem with a credit reporting company's investigation into an existing problem 1 0.3%
    PNC Bank N.A. Home equity loan or line of credit (HELOC) Struggling to pay mortgage 10 2.9%
    PNC Bank N.A. Home equity loan or line of credit (HELOC) Trouble during payment process 32 9.3%
    PNC Bank N.A. Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 6 1.7%
    PNC Bank N.A. Other type of mortgage Closing on a mortgage 4 1.2%
    PNC Bank N.A. Other type of mortgage Struggling to pay mortgage 5 1.5%
    PNC Bank N.A. Other type of mortgage Trouble during payment process 11 3.2%
    PNC Bank N.A. VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 0.3%
    PNC Bank N.A. VA mortgage Closing on a mortgage 2 0.6%
    PNC Bank N.A. VA mortgage Struggling to pay mortgage 3 0.9%
    PNC Bank N.A. VA mortgage Trouble during payment process 1 0.3%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Ponce Bank 51 East 170th St. Bronx, NY 10452 Full Service B&M $58,015
    Ponce Bank 100-20 Queens Blvd Forest Hills, NY 11375 Full Service B&M $27,698
    Ponce Bank 169 Smith Street Brooklyn, NY 11201 Full Service B&M $32,005
    Ponce Bank 1900 Ralph Avenue Brooklyn, NY 11234 Full Service B&M $71,450
    Ponce Bank 2047 86th Street Brooklyn, NY 11214 Full Service B&M $29,844
    Ponce Bank 207 E 106th St New York, NY 10029 Full Service B&M $62,388
    Ponce Bank 2244 Westchester Avenue Bronx, NY 10462 Full Service B&M $80,627
    Ponce Bank 2244 Westchester Avenue Bronx, NY 10462 Full Service B&M $94,747
    Ponce Bank 319 1st Avenue New York, NY 10003 Full Service B&M $448,497
    Ponce Bank 3405 Broadway Astoria, NY 11106 Full Service B&M $122,865
    Ponce Bank 37-47 82nd Street Jackson Heights, NY 11372 Full Service B&M $93,954
    Ponce Bank 3821 Bergenline Ave Union City, NJ 7087 Full Service B&M $50,489
    Ponce Bank 5560 Broadway Bronx, NY 10463 Full Service B&M $78,478
    Ponce Bank 952 Southern Boulevard, 2nd Floor Bronx, NY 10459 Full Service B&M $0

    For 2021, Ponce Bank had 14 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $66,647
    Net interest income $58,632
    Total noninterest income $26,017
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,801
    Trading account gains and fees $0
    Additional Noninterest Income $24,216
    Pre-tax net operating income $37,124
    Securities gains (or losses, -) $112
    Income before extraordinary items $28,826
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $28,826
    Minority interest net income $0
    Net income $28,826
    Sale, conversion, retirement of capital stock, net $1,347
    Net operating income $28,737

    Ponce Bank's gross interest income from loans was $66,647,000.
    Ponce Bank's net interest income from loans was $58,632,000.
    Ponce Bank's fee based income from loans was $1,801,000.
    Ponce Bank's net income from loans was $28,826,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $8,015
    Provision for credit losses $2,717
    Total noninterest expense $44,808
    Salaries and employee benefits $16,581
    Premises and equipment expense $10,894
    Additional noninterest expense $17,333
    Applicable income taxes $8,410
    Net charge-offs $1,235
    Cash dividends $0

    Ponce Bank's interest expense for loans was $8,015,000.
    Ponce Bank's payroll and benefits expense were $16,581,000.
    Ponce Bank's property, plant and equipment expenses $10,894,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    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 $1,348,489
    Deposits held in domestic offices $1,348,489
    Deposits by Individuals, partnerships, and corporations $1,045,656
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $73,609
    Deposits by Commercial banks and other depository institutions in U.S. $229,225
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $444,045
    Demand deposits $397,049
    Nontransaction accounts $904,445
    Money market deposit accounts (MMDAs) $315,857
    Other savings deposits (excluding MMDAs) $145,072
    Total time deposits $443,516
    Total time and savings deposits $951,441
    Noninterest-bearing deposits $386,987
    Interest-bearing deposits $961,502
    Retail deposits $1,099,098
    IRAs and Keogh plan accounts $32,563
    Brokered deposits $143,928
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,642,212
    Cash & Balances due from depository institutions $164,197
    Interest-bearing balances $124,103
    Total securities $114,279
    Federal funds sold & reverse repurchase $0
    Net loans and leases $1,305,043
    Loan and leases loss allowance $16,352
    Trading account assets $0
    Bank premises and fixed assets $19,411
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $39,282

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,642,212
    Total Liabilities $1,471,658
    Total deposits $1,348,489
    Interest-bearing deposits $961,502
    Deposits held in domestic offices $1,348,489
    % insured (estimated) $72
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $110,710
    Subordinated debt $0
    All other liabilities $12,459

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,305,043
    Loan and leases loss allowance $16,352
    Total loans and leases (domestic) $1,321,395
    All real estate loans $1,139,808
    Real estate loans in domestic offices $1,139,808
    Construction and development loans $133,910
    Residential 1-4 family construction $2,031
    Other construction, all land development and other land $131,879
    Loans secured by nonfarm nonresidential properties $240,151
    Nonfarm nonresidential secured by owner-occupied properties $56,992
    Commercial real estate & other non-farm, non-residential $183,159
    Multifamily residential real estate $349,204
    1-4 family residential loans $416,543
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $146,756
    To non-U.S. addressees $0
    Loans to individuals $34,652
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $0
    Other loans to individuals $34,652
    All other loans & leases $179
    Loans to foreign governments and official institutions $0
    Other loans $179
    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 $5,493
    Non 1-4 family restructured loans & leases $734
    Total loans and leases (foreign) $0

    Ponce Bank had $1,305,043,000 of loans outstanding in 2021. $1,139,808,000 of loans were in real estate loans. $133,910,000 of loans were in development loans. $349,204,000 of loans were in multifamily mortgage loans. $416,543,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $0 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 127 $72,113 $567,819
    Nonfarm, nonresidential loans - <$100k 2 $175 $87,500
    Nonfarm, nonresidential loans - $100-250k 21 $4,262 $202,952
    Nonfarm, nonresidential loans - $250k-1MM 104 $67,676 $650,731
    Commercial & Industrial, US addressed loans - <$1MM 1,735 $72,635 $41,865
    Commercial & Industrial, US addressed loans - <$100k 1,597 $27,521 $17,233
    Commercial & Industrial, US addressed loans - $100-250k 70 $11,532 $164,743
    Commercial & Industrial, US addressed loans - $250k-1MM 68 $33,582 $493,853