Ponce Bank Mortgage Rates, Fees & Info
New York, NYLEI: 549300K0ZDYG8YJZ3L95
Tax ID: 82-2922475
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Mortgage Data
Bank Data
Review & 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 (well, only) market is New York.Ponce Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.73% | 4/28/24 |
| 30 Year Conventional Refi | 6.66% | 4/28/24 |
| 30 Year Cash-out Refi | 6.99% | 4/28/24 |
| 30 Year FHA Purchase | 6.27% | 4/28/24 |
| 15 Year Conventional Purchase | 6.32% | 4/28/24 |
| 15 Year Conventional Refi | 6.57% | 4/28/24 |
| 15 Year Cash-out Refi | 6.57% | 4/28/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Ponce Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
64Origination Dollar Volume (All Markets)
$116,960,000Employee count
172Top 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 |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 64 | $116,960,000 | $1,827,500 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against Ponce Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 64 | $116,960,000 | $1,827,500 | $0 | 0.00% |
For 2021, Ponce Bank's most frequently originated type of loan was Conventional, with 64 originations.
Loan Reason
For 2021, Ponce Bank's most frequently cited loan purpose was Cash Out Refi, with 32 originations. The 2nd most popular reason was 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 2021, Ponce Bank's most frequently cited loan duration was Other, with 64 originations.
Loan Sizing
2021 saw Ponce Bank place emphasis on $1MM+ loans with 23 originations, totaling $92,455,000 in origination value.
Applicant Income
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
Approval Rates
Total approvals of all applications90.29%
Ponce Bank has an average approval rate.
Pick Rate
Approvals leading to origination76.56%
Ponce Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 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 | 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 | 51 East 170th St. Bronx, NY 10452 | Full Service B&M | $58,015 |
| 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 |