Penn Community Bank Mortgage Rates, Fees & Info

Doylestown, PA

LEI: 549300L3C3LKXG2XBS96

Tax ID: 23-1330248

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

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  • SimulatedRates™
  • Mortgage Calculator

    • 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

    Penn Community Bank is a smaller bank specializing in Home Purchase and Refi loans. Penn Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: Philadelphia, Salisbury, Ocean City, Allentown, and Chambersburg among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Penn Community 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. Penn Community 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 about average 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.27% 4/21/24
    30 Year Conventional Purchase 6.31% 4/21/24
    30 Year Conventional Refi 6.22% 4/21/24
    30 Year Cash-out Refi 6.26% 4/21/24
    15 Year Conventional Purchase 6.38% 4/21/24
    15 Year Conventional Refi 5.97% 4/21/24
    15 Year Cash-out Refi 5.97% 4/21/24
    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.

    Penn Community Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Penn Community Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    594

    Origination Dollar Volume (All Markets)

    $158,060,000

    Employee count

    340 Show all (5) 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
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 530 $139,390,000 $263,000 $1,313 4.30%
    SALISBURY, MD-DE (FHA|USDA|VA) 1 $5,005,000 $5,005,000 $0 4.13%
    OCEAN CITY, NJ (FHA|USDA|VA) 11 $4,085,000 $371,364 $2,872 4.19%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 26 $3,390,000 $130,385 $1,672 4.27%
    CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 1 $1,325,000 $1,325,000 $0 4.85%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 7 $1,175,000 $167,857 $868 4.07%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 3 $1,005,000 $335,000 $3,413 4.82%
    READING, PA (FHA|USDA|VA) 6 $910,000 $151,667 $2,154 4.37%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 3 $635,000 $211,667 $3,041 4.21%
    LANCASTER, PA (FHA|USDA|VA) 2 $490,000 $245,000 $0 4.95%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 3 $465,000 $155,000 $0 4.70%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $185,000 $185,000 $2,640 4.00%
    Penn Community Bank's top markets include Philadelphia, Salisbury, Ocean City, Allentown, and Chambersburg among others.

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

    • Similar Lenders

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

    The Neffs National Bank
    Similarity Rank: 30
    Iron Workers Savings Bank
    Similarity Rank: 63
    Haddon Savings Bank
    Similarity Rank: 116
    FIDELITY SAVINGS AND LOAN ASSOCIATION OF BUCKS COUNTY
    Similarity Rank: 126
    ABERDEEN PROVING GROUND FEDERAL CREDIT UNION
    Similarity Rank: 135
    Columbia Bank
    Similarity Rank: 136
    WASHINGTON SAVINGS BANK
    Similarity Rank: 225
    COMMUNITY POWERED
    Similarity Rank: 228
    MILLENIUM HOME MORTGAGE, LLC
    Similarity Rank: 308
    First Commonwealth Federal Credit Union
    Similarity Rank: 560

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 594 $158,060,000 $266,094 $1,381 4.31%

    For 2018, Penn Community Bank's most frequently originated type of loan was Conventional, with 594 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 173 $85,375,000 $493,497 $3,283 4.61%
    Refi 166 $43,290,000 $260,783 $549 4.26%
    Home Improvement 106 $5,990,000 $56,509 $113 4.14%
    Other 80 $5,480,000 $68,500 $245 4.08%
    Cash Out Refi 69 $17,925,000 $259,783 $2,843 4.16%

    For 2018, Penn Community Bank's most frequently cited loan purpose was Home Purchase, with 173 originations. The 2nd most popular reason was Refi, with 166 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 168 $48,320,000 $287,619 $3,208 4.33%
    15 Year 142 $16,290,000 $114,718 $627 4.29%
    10 Year 141 $44,885,000 $318,333 $80 4.41%
    5 Year 62 $3,730,000 $60,161 $0 3.70%
    Other 47 $36,555,000 $777,766 $710 4.39%
    20 Year 27 $6,675,000 $247,222 $927 4.99%
    3 Year 4 $60,000 $15,000 $18 3.66%
    30+ year 3 $1,545,000 $515,000 $11,522 4.29%

    For 2018, Penn Community Bank's most frequently cited loan duration was 30 Year, with 168 originations. The 2nd most popular length was 15 Year, with 142 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 504 $73,740,000 $146,310
    $5k+ 4 $2,020,000 $505,000
    $2k-3k 3 $715,000 $238,333
    $1k-2k 2 $850,000 $425,000
    $4k-5k 1 $375,000 $375,000

    Penn Community Bank's average total fees were $3,208, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 504 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 322 $89,760,000 $278,758
    3-4% 206 $36,180,000 $175,631
    5-6% 66 $32,120,000 $486,667

    During 2018, Penn Community Bank's average interest rate for loans was 4.33%, while their most frequently originated rate bucket for loans was 4-5%, with 322 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 272 $12,670,000 $46,581 $130 4.12%
    $100k-200k 160 $23,200,000 $145,000 $1,698 4.47%
    $200k-400k 93 $26,085,000 $280,484 $2,902 4.36%
    $1MM+ 26 $71,120,000 $2,735,385 $7,176 4.73%
    $400k-600k 24 $11,590,000 $482,917 $5,056 4.34%
    $600k-1MM 19 $13,395,000 $705,000 $5,823 4.63%

    2018 saw Penn Community Bank place emphasis on $100,000 or less loans with 272 originations, totaling $12,670,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 114 $9,940,000 $87,193 $891 4.13%
    $100k-150k 110 $15,130,000 $137,545 $1,331 4.21%
    $150k-250k 87 $15,365,000 $176,609 $1,597 4.30%
    $75k-100k 77 $9,815,000 $127,468 $1,206 4.18%
    $50k or less 68 $5,700,000 $83,824 $953 4.18%
    $250k+ 48 $20,000,000 $416,667 $3,094 4.28%

    Penn Community Bank lent most frequently to those with incomes in the $50k-75k range, with 114 originations. The second most popular income band? $100k-150k, with 110 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 129 $19,795,000 $153,450 $1,303 4.17%
    30-36% 99 $12,615,000 $127,424 $1,300 4.15%
    42% 66 $8,870,000 $134,394 $1,182 4.12%
    <20% 54 $9,670,000 $179,074 $1,439 4.22%
    41% 40 $6,350,000 $158,750 $1,268 4.26%
    39% 30 $4,260,000 $142,000 $1,401 4.29%
    38% 28 $5,720,000 $204,286 $2,249 4.30%
    40% 26 $3,050,000 $117,308 $1,151 4.35%
    37% 26 $3,970,000 $152,692 $1,227 4.20%
    36% 21 $3,875,000 $184,524 $2,293 4.25%
    >60% 1 $25,000 $25,000 $0 4.25%

    Penn Community Bank lent most frequently to those with DTI ratios of 20-30%, with 129 originations. The next most common DTI ratio? 30-36%, with 99 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 506 $81,790,000 $161,640 $1,335 4.21%
    Not applicable 66 $71,780,000 $1,087,576 $0 5.03%
    Asian 7 $2,075,000 $296,429 $2,913 4.25%
    Not provided 12 $1,980,000 $165,000 $2,155 4.19%
    Black 3 $435,000 $145,000 $2,287 4.42%

    Approval Rates

    Total approvals of all applications
    86.41%

    Penn Community Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    87.37%

    Penn Community Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 594 $158,060,000 $266,094

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 31 $64,825,000 $2,091,129
    Single Family (1-4 Units):Manufactured 1 $55,000 $55,000
    Single Family (1-4 Units):Site-Built 562 $93,180,000 $165,801

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 79 $12,835,000 $162,468 $821 4.22%
    40-60% 78 $14,940,000 $191,538 $1,774 4.37%
    60-80% 184 $109,500,000 $595,109 $3,147 4.61%
    80-100% 43 $11,965,000 $278,256 $3,467 4.35%
    Under 20% 210 $8,820,000 $42,000 $20 4.04%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Penn Community Bank 10 N Main St Yardley, PA 19067 Full Service B&M $27,570
    Penn Community Bank 1051 South West End Blvd Quakertown, PA 18951 Full Service B&M $29,046
    Penn Community Bank 1129 N Fifth St Perkasie, PA 18944 Full Service B&M $110,284
    Penn Community Bank 118 Mill Street Bristol, PA 19007 Full Service B&M $95,677
    Penn Community Bank 126 South Bellevue Avenue Langhorne, PA 19047 Full Service B&M $56,929
    Penn Community Bank 1315 Easton Road Riegelsville, PA 18077 Full Service B&M $122,314
    Penn Community Bank 142 N Main Street Dublin, PA 18917 Full Service B&M $53,939
    Penn Community Bank 16 Highland Park Way Levittown, PA 19056 Full Service B&M $53,205
    Penn Community Bank 1651 The Fairway Jenkintown, PA 19046 Full Service B&M $23,774
    Penn Community Bank 208 Levittown Parkway Levittown, PA 19054 Full Service B&M $85,613
    Penn Community Bank 2127 Galloway Road Bensalem, PA 19020 Full Service B&M $97,049
    Penn Community Bank 275 W Bridge Street New Hope, PA 18938 Full Service B&M $66,171
    Penn Community Bank 295 N Sycamore St Newtown, PA 18940 Full Service B&M $27,798
    Penn Community Bank 3617 Rt. 202 Doylestown, PA 18902 Full Service B&M $18,817
    Penn Community Bank 380 West Butler Avenue New Britain, PA 18901 Full Service B&M $35,058
    Penn Community Bank 3969 Durham Road Doylestown, PA 18902 Full Service B&M $15,366
    Penn Community Bank 3969 Durham Road Doylestown, PA 18902 Full Service B&M $101,173
    Penn Community Bank 400 Commerce Blvd Quakertown, PA 18951 Full Service B&M $34,103
    Penn Community Bank 519 Richlandtown Pike Richlandtown, PA 18955 Full Service B&M $58,197
    Penn Community Bank 530 Second Street Pike Southampton, PA 18966 Full Service B&M $50,585
    Penn Community Bank 600 Market Street Perkasie, PA 18944 Full Service B&M $102,865
    Penn Community Bank 601 Louis Drive Warminster, PA 18974 Full Service B&M $13,344
    Penn Community Bank 6999 Easton Road, Po Box 470 Pipersville, PA 18947 Full Service B&M $66,227
    Penn Community Bank 732 Stony Hill Rd., Bldg. 3 Yardley, PA 19067 Full Service B&M $60,371
    Penn Community Bank 803 Park Avenue Wrightstown, PA 18940 Full Service B&M $30,043

    For 2018, Penn Community Bank had 25 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $75,554
    Net interest income $58,471
    Total noninterest income $10,175
    Gross Fiduciary activities income $253
    Service charges on deposit accounts $1,102
    Trading account gains and fees $0
    Additional Noninterest Income $8,820
    Pre-tax net operating income $13,702
    Securities gains (or losses, -) $0
    Income before extraordinary items $11,518
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $11,518
    Minority interest net income $0
    Net income $11,518
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $11,518

    Penn Community Bank's gross interest income from loans was $75,554,000.
    Penn Community Bank's net interest income from loans was $58,471,000.
    Penn Community Bank's fee based income from loans was $1,102,000.
    Penn Community Bank's net income from loans was $11,518,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $17,083
    Provision for credit losses $2,756
    Total noninterest expense $52,188
    Salaries and employee benefits $30,418
    Premises and equipment expense $5,407
    Additional noninterest expense $16,363
    Applicable income taxes $2,184
    Net charge-offs $679
    Cash dividends $0

    Penn Community Bank's interest expense for loans was $17,083,000.
    Penn Community Bank's payroll and benefits expense were $30,418,000.
    Penn Community Bank's property, plant and equipment expenses $5,407,000.

    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 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 8.0%
    Credit card loans 0.0%
    Other individual loans 8.0%
    Auto loans 0.0%
    Other consumer loans 8.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $1,498,504
    Deposits held in domestic offices $1,498,504
    Deposits by Individuals, partnerships, and corporations $1,322,961
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $148,496
    Deposits by Commercial banks and other depository institutions in U.S. $27,047
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $44,989
    Demand deposits $34,202
    Nontransaction accounts $1,453,515
    Money market deposit accounts (MMDAs) $734,531
    Other savings deposits (excluding MMDAs) $243,630
    Total time deposits $475,355
    Total time and savings deposits $1,464,302
    Noninterest-bearing deposits $23,528
    Interest-bearing deposits $1,474,976
    Retail deposits $1,383,875
    IRAs and Keogh plan accounts $126,608
    Brokered deposits $64,617
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $2,158,804
    Cash & Balances due from depository institutions $56,773
    Interest-bearing balances $40,719
    Total securities $479,795
    Federal funds sold & reverse repurchase $0
    Net loans and leases $1,487,108
    Loan and leases loss allowance $11,173
    Trading account assets $35
    Bank premises and fixed assets $24,465
    Other real estate owned $0
    Goodwill and other intangibles $10,485
    All other assets $100,143

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $2,158,804
    Total Liabilities $1,887,625
    Total deposits $1,498,504
    Interest-bearing deposits $1,474,976
    Deposits held in domestic offices $1,498,504
    % insured (estimated) $74
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $371,200
    Subordinated debt $0
    All other liabilities $17,921

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,487,108
    Loan and leases loss allowance $11,173
    Total loans and leases (domestic) $1,498,281
    All real estate loans $1,418,090
    Real estate loans in domestic offices $1,418,090
    Construction and development loans $144,438
    Residential 1-4 family construction $59,121
    Other construction, all land development and other land $85,317
    Loans secured by nonfarm nonresidential properties $310,445
    Nonfarm nonresidential secured by owner-occupied properties $118,734
    Commercial real estate & other non-farm, non-residential $191,711
    Multifamily residential real estate $108,746
    1-4 family residential loans $854,016
    Farmland loans $445
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $72,974
    To non-U.S. addressees $0
    Loans to individuals $4,250
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $0
    Other loans to individuals $4,250
    All other loans & leases $2,968
    Loans to foreign governments and official institutions $0
    Other loans $236
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $2
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $4,915
    Non 1-4 family restructured loans & leases $2,405
    Total loans and leases (foreign) $0

    Penn Community Bank had $1,487,108,000 of loans outstanding in 2018. $1,418,090,000 of loans were in real estate loans. $144,438,000 of loans were in development loans. $108,746,000 of loans were in multifamily mortgage loans. $854,016,000 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 511 $115,611 $226,245
    Nonfarm, nonresidential loans - <$100k 140 $3,132 $22,371
    Nonfarm, nonresidential loans - $100-250k 117 $14,138 $120,838
    Nonfarm, nonresidential loans - $250k-1MM 254 $98,341 $387,169
    Commercial & Industrial, US addressed loans - <$1MM 453 $26,997 $59,596
    Commercial & Industrial, US addressed loans - <$100k 353 $7,948 $22,516
    Commercial & Industrial, US addressed loans - $100-250k 44 $4,911 $111,614
    Commercial & Industrial, US addressed loans - $250k-1MM 56 $14,138 $252,464
    Farmland loans - <$1MM 3 $445 $148,333
    Farmland loans - $100-250k 3 $445 $148,333