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, Cash Out Refi, and Refi loans. Penn Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: Philadelphia, Allentown, New York, Reading, and Ocean City 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.27% 12/16/24
    30 Year Conventional Purchase 6.31% 12/16/24
    30 Year Conventional Refi 6.22% 12/16/24
    30 Year Cash-out Refi 6.26% 12/16/24
    15 Year Conventional Purchase 6.38% 12/16/24
    15 Year Conventional Refi 5.97% 12/16/24
    15 Year Cash-out Refi 5.97% 12/16/24
    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

    563

    Origination Dollar Volume (All Markets)

    $180,205,000

    Employee count

    336

    Awards

    Penn Community Bank 30 Year Conventional Loans gold Penn Community Bank 30 Year Conventional Loans gold Penn Community Bank 30 Year Conventional Loans bronze
    Show all (3) 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) 504 $162,540,000 $322,500 $2,073 4.33%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 25 $4,345,000 $173,800 $2,205 4.27%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 13 $3,885,000 $298,846 $2,285 4.25%
    READING, PA (FHA|USDA|VA) 3 $3,815,000 $1,271,667 $2,825 4.17%
    OCEAN CITY, NJ (FHA|USDA|VA) 6 $2,820,000 $470,000 $3,124 3.94%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 4 $620,000 $155,000 $2,241 4.13%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 1 $605,000 $605,000 $4,383 3.87%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $545,000 $545,000 $4,412 3.74%
    Pottsville, PA (FHA|USDA|VA) 2 $390,000 $195,000 $5,245 3.88%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 2 $360,000 $180,000 $2,816 3.44%
    LANCASTER, PA (FHA|USDA|VA) 1 $195,000 $195,000 $3,042 4.00%
    YORK-HANOVER, PA (FHA|USDA|VA) 1 $85,000 $85,000 $3,177 4.00%
    Penn Community Bank's top markets include Philadelphia, Allentown, New York, Reading, and Ocean City among others.

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

    FIDELITY SAVINGS AND LOAN ASSOCIATION OF BUCKS COUNTY
    Similarity Rank: 122
    Prudential Bank
    Similarity Rank: 162
    CREDIT UNION OF NEW JERSEY
    Similarity Rank: 180
    Columbia Bank
    Similarity Rank: 440
    DEL-ONE FEDERAL CREDIT UNION
    Similarity Rank: 528
    First Commonwealth Federal Credit Union
    Similarity Rank: 572
    ABERDEEN PROVING GROUND FEDERAL CREDIT UNION
    Similarity Rank: 678
    Hamilton National Mortgage Company
    Similarity Rank: 774
    County Savings Bank
    Similarity Rank: 780
    MILLENIUM HOME MORTGAGE, LLC
    Similarity Rank: 869

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 563 $180,205,000 $320,080 $2,131 4.31%

    For 2019, Penn Community Bank's most frequently originated type of loan was Conventional, with 563 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 181 $81,755,000 $451,685 $3,192 4.32%
    Cash Out Refi 159 $45,915,000 $288,774 $3,169 4.06%
    Refi 99 $39,395,000 $397,929 $1,333 4.36%
    Other 66 $2,980,000 $45,152 $56 4.51%
    Home Improvement 58 $10,160,000 $175,172 $106 4.64%

    For 2019, Penn Community Bank's most frequently cited loan purpose was Home Purchase, with 181 originations. The 2nd most popular reason was Cash Out Refi, with 159 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 244 $74,670,000 $306,025 $3,299 4.11%
    15 Year 101 $12,925,000 $127,970 $1,104 4.38%
    10 Year 85 $65,875,000 $775,000 $330 4.70%
    5 Year 55 $3,685,000 $67,000 $2 4.32%
    Other 42 $16,940,000 $403,333 $1,797 4.27%
    20 Year 26 $4,690,000 $180,385 $1,677 4.70%
    3 Year 6 $180,000 $30,000 $0 4.17%
    30+ year 4 $1,240,000 $310,000 $7,136 4.06%

    For 2019, Penn Community Bank's most frequently cited loan duration was 30 Year, with 244 originations. The 2nd most popular length was 15 Year, with 101 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 485 $96,995,000 $199,990
    $1k-2k 5 $1,255,000 $251,000
    $2k-3k 4 $780,000 $195,000
    $3k-4k 3 $935,000 $311,667
    $4k-5k 1 $905,000 $905,000

    Penn Community Bank's average total fees were $3,299, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 485 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 284 $91,150,000 $320,951
    3-4% 233 $68,325,000 $293,240
    5-6% 43 $20,075,000 $466,860
    6-7% 3 $655,000 $218,333

    During 2019, Penn Community Bank's average interest rate for loans was 4.11%, while their most frequently originated rate bucket for loans was 4-5%, with 284 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 176 $8,460,000 $48,068 $362 4.52%
    $200k-400k 155 $43,345,000 $279,645 $3,272 4.14%
    $100k-200k 139 $20,785,000 $149,532 $2,094 4.29%
    $400k-600k 47 $23,295,000 $495,638 $4,339 3.98%
    $600k-1MM 25 $17,575,000 $703,000 $5,273 4.26%
    $1MM+ 21 $66,745,000 $3,178,333 $9,083 4.65%

    2019 saw Penn Community Bank place emphasis on $100,000 or less loans with 176 originations, totaling $8,460,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 124 $24,060,000 $194,032 $2,064 4.24%
    $150k-250k 91 $20,245,000 $222,473 $2,320 4.31%
    $75k-100k 80 $13,340,000 $166,750 $1,997 4.21%
    $50k-75k 78 $9,310,000 $119,359 $1,623 4.21%
    $250k+ 57 $26,295,000 $461,316 $3,621 4.14%
    $50k or less 49 $4,505,000 $91,939 $1,348 4.34%

    Penn Community Bank lent most frequently to those with incomes in the $100k-150k range, with 124 originations. The second most popular income band? $150k-250k, with 91 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 133 $29,015,000 $218,158 $2,221 4.21%
    30-36% 104 $17,800,000 $171,154 $1,880 4.23%
    42% 43 $8,345,000 $194,070 $2,047 4.32%
    <20% 41 $9,665,000 $235,732 $2,326 4.18%
    40% 37 $8,925,000 $241,216 $2,459 4.19%
    39% 36 $7,420,000 $206,111 $2,123 4.27%
    41% 32 $4,980,000 $155,625 $1,940 4.20%
    36% 25 $4,395,000 $175,800 $2,261 4.54%
    38% 23 $6,115,000 $265,870 $2,540 4.17%
    37% 23 $3,755,000 $163,261 $1,656 4.36%
    43% 1 $455,000 $455,000 $4,384 3.88%

    Penn Community Bank lent most frequently to those with DTI ratios of 20-30%, with 133 originations. The next most common DTI ratio? 30-36%, with 104 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 476 $100,660,000 $211,471 $2,146 4.25%
    Not applicable 57 $74,355,000 $1,304,474 $0 4.81%
    Not provided 18 $2,900,000 $161,111 $1,527 4.30%
    Asian 7 $1,265,000 $180,714 $2,006 4.18%
    Black 4 $820,000 $205,000 $3,140 4.22%
    American Indian 1 $205,000 $205,000 $2,904 3.75%

    Approval Rates

    Total approvals of all applications
    86.81%

    Penn Community Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.50%

    Penn Community Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 563 $180,205,000 $320,080

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 27 $61,255,000 $2,268,704
    Single Family (1-4 Units):Manufactured 2 $200,000 $100,000
    Single Family (1-4 Units):Site-Built 534 $118,750,000 $222,378

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 66 $8,580,000 $130,000 $1,363 4.40%
    40-60% 81 $31,995,000 $395,000 $2,434 4.15%
    60-80% 212 $103,860,000 $489,906 $3,395 4.26%
    80-100% 76 $30,930,000 $406,974 $3,402 4.12%
    Under 20% 128 $4,840,000 $37,813 $42 4.55%

    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 $45,413
    Penn Community Bank 1051 South West End Blvd Quakertown, PA 18951 Full Service B&M $35,427
    Penn Community Bank 1129 N Fifth St Perkasie, PA 18944 Full Service B&M $104,827
    Penn Community Bank 118 Mill Street Bristol, PA 19007 Full Service B&M $97,572
    Penn Community Bank 126 South Bellevue Avenue Langhorne, PA 19047 Full Service B&M $59,197
    Penn Community Bank 1315 Easton Road Riegelsville, PA 18077 Full Service B&M $131,655
    Penn Community Bank 142 N Main Street Dublin, PA 18917 Full Service B&M $58,456
    Penn Community Bank 16 Highland Park Way Levittown, PA 19056 Full Service B&M $57,001
    Penn Community Bank 1651 The Fairway Jenkintown, PA 19046 Full Service B&M $43,022
    Penn Community Bank 200 Manor Ave Langhorne, PA 19047 Limited, Mobile/Seasonal Office $159
    Penn Community Bank 208 Levittown Parkway Levittown, PA 19054 Full Service B&M $94,246
    Penn Community Bank 2127 Galloway Road Bensalem, PA 19020 Full Service B&M $107,694
    Penn Community Bank 275 W Bridge Street New Hope, PA 18938 Full Service B&M $71,344
    Penn Community Bank 295 N Sycamore St Newtown, PA 18940 Full Service B&M $34,478
    Penn Community Bank 3617 Rt. 202 Doylestown, PA 18902 Full Service B&M $35,134
    Penn Community Bank 380 West Butler Avenue New Britain, PA 18901 Full Service B&M $43,587
    Penn Community Bank 3969 Durham Road Doylestown, PA 18902 Full Service B&M $18,107
    Penn Community Bank 3969 Durham Road Doylestown, PA 18902 Full Service B&M $119,027
    Penn Community Bank 400 Commerce Blvd, Milford Square Quakertown, PA 18951 Full Service B&M $35,920
    Penn Community Bank 519 Richlandtown Pike Richlandtown, PA 18955 Full Service B&M $60,603
    Penn Community Bank 530 Second Street Pike Southampton, PA 18966 Full Service B&M $60,146
    Penn Community Bank 600 Market Street Perkasie, PA 18944 Full Service B&M $111,854
    Penn Community Bank 601 Louis Drive Warminster, PA 18974 Full Service B&M $24,783
    Penn Community Bank 6999 Easton Road, Po Box 470 Pipersville, PA 18947 Full Service B&M $78,060
    Penn Community Bank 732 Stony Hill Rd., Bldg. 3 Yardley, PA 19067 Full Service B&M $63,326
    Penn Community Bank 803 Park Avenue Wrightstown, PA 18940 Full Service B&M $35,851

    For 2019, Penn Community Bank had 26 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $86,955
    Net interest income $62,125
    Total noninterest income $9,945
    Gross Fiduciary activities income $230
    Service charges on deposit accounts $1,135
    Trading account gains and fees $0
    Additional Noninterest Income $8,580
    Pre-tax net operating income $11,643
    Securities gains (or losses, -) $202
    Income before extraordinary items $10,156
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $10,156
    Minority interest net income $0
    Net income $10,156
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $9,982

    Penn Community Bank's gross interest income from loans was $86,955,000.
    Penn Community Bank's net interest income from loans was $62,125,000.
    Penn Community Bank's fee based income from loans was $1,135,000.
    Penn Community Bank's net income from loans was $10,156,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $24,830
    Provision for credit losses $2,833
    Total noninterest expense $57,594
    Salaries and employee benefits $33,295
    Premises and equipment expense $5,789
    Additional noninterest expense $18,510
    Applicable income taxes $1,689
    Net charge-offs $250
    Cash dividends $0

    Penn Community Bank's interest expense for loans was $24,830,000.
    Penn Community Bank's payroll and benefits expense were $33,295,000.
    Penn Community Bank's property, plant and equipment expenses $5,789,000.

    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 3.0%
    Credit card loans 0.0%
    Other individual loans 3.0%
    Auto loans 0.0%
    Other consumer loans 3.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $1,692,287
    Deposits held in domestic offices $1,692,287
    Deposits by Individuals, partnerships, and corporations $1,494,408
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $170,283
    Deposits by Commercial banks and other depository institutions in U.S. $27,596
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $52,149
    Demand deposits $37,926
    Nontransaction accounts $1,640,138
    Money market deposit accounts (MMDAs) $847,050
    Other savings deposits (excluding MMDAs) $240,355
    Total time deposits $552,733
    Total time and savings deposits $1,654,361
    Noninterest-bearing deposits $24,631
    Interest-bearing deposits $1,667,656
    Retail deposits $1,552,598
    IRAs and Keogh plan accounts $120,468
    Brokered deposits $75,187
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $2,340,083
    Cash & Balances due from depository institutions $38,555
    Interest-bearing balances $24,947
    Total securities $497,238
    Federal funds sold & reverse repurchase $0
    Net loans and leases $1,673,644
    Loan and leases loss allowance $13,756
    Trading account assets $4
    Bank premises and fixed assets $24,130
    Other real estate owned $0
    Goodwill and other intangibles $9,972
    All other assets $96,540

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $2,340,083
    Total Liabilities $2,048,319
    Total deposits $1,692,287
    Interest-bearing deposits $1,667,656
    Deposits held in domestic offices $1,692,287
    % insured (estimated) $73
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $335,249
    Subordinated debt $0
    All other liabilities $20,783

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,673,644
    Loan and leases loss allowance $13,756
    Total loans and leases (domestic) $1,687,400
    All real estate loans $1,597,374
    Real estate loans in domestic offices $1,597,374
    Construction and development loans $198,678
    Residential 1-4 family construction $67,044
    Other construction, all land development and other land $131,634
    Loans secured by nonfarm nonresidential properties $371,354
    Nonfarm nonresidential secured by owner-occupied properties $164,428
    Commercial real estate & other non-farm, non-residential $206,926
    Multifamily residential real estate $130,638
    1-4 family residential loans $893,628
    Farmland loans $3,076
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $80,342
    To non-U.S. addressees $0
    Loans to individuals $3,420
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $0
    Other loans to individuals $3,420
    All other loans & leases $6,264
    Loans to foreign governments and official institutions $0
    Other loans $2,484
    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 $4,302
    Non 1-4 family restructured loans & leases $2,079
    Total loans and leases (foreign) $0

    Penn Community Bank had $1,673,644,000 of loans outstanding in 2019. $1,597,374,000 of loans were in real estate loans. $198,678,000 of loans were in development loans. $130,638,000 of loans were in multifamily mortgage loans. $893,628,000 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 544 $123,992 $227,926
    Nonfarm, nonresidential loans - <$100k 147 $3,211 $21,844
    Nonfarm, nonresidential loans - $100-250k 121 $15,099 $124,785
    Nonfarm, nonresidential loans - $250k-1MM 276 $105,682 $382,906
    Commercial & Industrial, US addressed loans - <$1MM 671 $38,696 $57,669
    Commercial & Industrial, US addressed loans - <$100k 537 $12,031 $22,404
    Commercial & Industrial, US addressed loans - $100-250k 67 $7,186 $107,254
    Commercial & Industrial, US addressed loans - $250k-1MM 67 $19,479 $290,731
    Farmland loans - <$1MM 4 $929 $232,250
    Farmland loans - $100-250k 3 $464 $154,667
    Farmland loans - $250k-1MM 1 $465 $465,000