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 Refi and Cash Out Refi loans. Penn Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: Philadelphia, Allentown, Ocean City, New York, and Atlantic City among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Penn Community 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. 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% 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

    893

    Origination Dollar Volume (All Markets)

    $252,935,000

    Employee count

    304

    Awards

    Penn Community Bank 30 Year Conventional Loans gold Penn Community Bank 30 Year Conventional Loans gold Penn Community Bank 30 Year Conventional Loans gold
    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) 784 $224,010,000 $285,727 $2,993 3.15%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 46 $9,650,000 $209,783 $2,745 3.18%
    OCEAN CITY, NJ (FHA|USDA|VA) 16 $6,130,000 $383,125 $3,142 3.12%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 19 $5,685,000 $299,211 $2,754 3.04%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 5 $2,365,000 $473,000 $3,758 3.17%
    TRENTON-PRINCETON, NJ (FHA|USDA|VA) 10 $2,330,000 $233,000 $2,483 3.06%
    READING, PA (FHA|USDA|VA) 4 $930,000 $232,500 $3,131 3.38%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 3 $615,000 $205,000 $3,185 2.88%
    LANCASTER, PA (FHA|USDA|VA) 2 $370,000 $185,000 $3,236 3.50%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $305,000 $305,000 $4,065 3.00%
    YORK-HANOVER, PA (FHA|USDA|VA) 1 $225,000 $225,000 $3,029 3.38%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $205,000 $205,000 $2,695 3.00%
    Outside of Metro Areas 1 $115,000 $115,000 $3,181 3.25%
    Penn Community Bank's top markets include Philadelphia, Allentown, Ocean City, New York, and Atlantic 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.

    First Citizens Community Bank
    Similarity Rank: 589
    BHCU
    Similarity Rank: 625
    Prudential Bank
    Similarity Rank: 640
    UNITED NORTHERN MORTGAGE BANKERS LIMITED
    Similarity Rank: 930
    First Commonwealth Federal Credit Union
    Similarity Rank: 975
    GLENDENNING MORTGAGE CORPORATION
    Similarity Rank: 1340
    Peoples Security Bank and Trust Company
    Similarity Rank: 1462
    ABERDEEN PROVING GROUND FEDERAL CREDIT UNION
    Similarity Rank: 1585
    Unity Bank
    Similarity Rank: 1683
    FEDERATED LENDING CORPORATION
    Similarity Rank: 1932

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 893 $252,935,000 $283,242 $2,978 3.15%

    For 2020, Penn Community Bank's most frequently originated type of loan was Conventional, with 893 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 365 $93,845,000 $257,110 $2,961 2.86%
    Cash Out Refi 313 $92,095,000 $294,233 $3,158 3.21%
    Home Purchase 156 $50,340,000 $322,692 $3,459 3.35%
    Home Improvement 31 $13,565,000 $437,581 $337 4.30%
    Other 28 $3,090,000 $110,357 $1,420 3.89%

    For 2020, Penn Community Bank's most frequently cited loan purpose was Refi, with 365 originations. The 2nd most popular reason was Cash Out Refi, with 313 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 457 $136,425,000 $298,523 $3,387 3.15%
    15 Year 219 $44,995,000 $205,457 $2,676 2.80%
    10 Year 80 $37,830,000 $472,875 $1,933 3.51%
    20 Year 75 $16,405,000 $218,733 $2,691 3.15%
    5 Year 31 $8,505,000 $274,355 $0 4.08%
    Other 24 $6,990,000 $291,250 $2,480 3.89%
    3 Year 5 $1,105,000 $221,000 $0 4.05%
    30+ year 2 $680,000 $340,000 $3,958 2.94%

    For 2020, Penn Community Bank's most frequently cited loan duration was 30 Year, with 457 originations. The 2nd most popular length was 15 Year, with 219 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 818 $204,880,000 $250,465
    $1k-2k 6 $2,230,000 $371,667
    $2k-3k 4 $1,170,000 $292,500
    $3k-4k 2 $300,000 $150,000
    $5k+ 1 $405,000 $405,000

    Penn Community Bank's average total fees were $3,387, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 818 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 354 $99,120,000 $280,000
    3-4% 292 $94,170,000 $322,500
    <2.5% 150 $30,460,000 $203,067
    4-5% 91 $28,755,000 $315,989
    5-6% 6 $430,000 $71,667

    During 2020, Penn Community Bank's average interest rate for loans was 3.15%, while their most frequently originated rate bucket for loans was 2.5-3%, with 354 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 354 $99,910,000 $282,232 $3,249 3.02%
    $100k-200k 271 $40,635,000 $149,945 $2,548 3.00%
    $400k-600k 130 $61,520,000 $473,231 $4,303 3.14%
    $100,000 or less 103 $6,365,000 $61,796 $1,125 3.81%
    $600k-1MM 21 $15,005,000 $714,524 $5,304 3.78%
    $1MM+ 14 $29,500,000 $2,107,143 $8,240 3.84%

    2020 saw Penn Community Bank place emphasis on $200k-400k loans with 354 originations, totaling $99,910,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 205 $53,785,000 $262,366 $3,119 3.00%
    $150k-250k 176 $50,730,000 $288,239 $3,166 3.12%
    $75k-100k 148 $29,590,000 $199,932 $2,646 3.15%
    $50k-75k 145 $23,795,000 $164,103 $2,507 3.07%
    $250k+ 105 $44,605,000 $424,810 $3,899 3.13%
    $50k or less 52 $6,480,000 $124,615 $2,188 3.09%

    Penn Community Bank lent most frequently to those with incomes in the $100k-150k range, with 205 originations. The second most popular income band? $150k-250k, with 176 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 210 $52,860,000 $251,714 $3,001 3.03%
    30-36% 173 $42,705,000 $246,850 $2,864 3.21%
    <20% 98 $26,550,000 $270,918 $3,107 2.94%
    42% 45 $9,875,000 $219,444 $2,808 3.30%
    41% 43 $11,095,000 $258,023 $2,898 3.22%
    36% 39 $8,735,000 $223,974 $2,658 3.30%
    38% 38 $10,290,000 $270,789 $3,149 3.12%
    40% 36 $9,910,000 $275,278 $3,127 3.10%
    37% 34 $8,540,000 $251,176 $3,029 3.06%
    39% 28 $6,540,000 $233,571 $2,700 3.16%
    43% 23 $6,085,000 $264,565 $3,217 2.89%
    44% 16 $3,470,000 $216,875 $2,971 2.74%
    45% 14 $3,550,000 $253,571 $3,407 2.86%
    46% 10 $3,250,000 $325,000 $3,779 2.79%
    47% 8 $1,670,000 $208,750 $2,739 2.84%
    48% 8 $1,810,000 $226,250 $3,072 2.81%
    49% 8 $2,050,000 $256,250 $3,210 2.56%

    Penn Community Bank lent most frequently to those with DTI ratios of 20-30%, with 210 originations. The next most common DTI ratio? 30-36%, with 173 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 753 $189,545,000 $251,720 $2,975 3.10%
    Not applicable 56 $40,680,000 $726,429 $0 4.05%
    Asian 48 $11,040,000 $230,000 $3,004 2.84%
    Not provided 21 $8,415,000 $400,714 $3,328 3.32%
    Asian Indian 11 $2,385,000 $216,818 $2,476 2.88%
    Black 3 $665,000 $221,667 $3,092 3.04%
    American Indian 1 $205,000 $205,000 $2,666 2.88%

    Approval Rates

    Total approvals of all applications
    91.58%

    Penn Community Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.21%

    Penn Community Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 893 $252,935,000 $283,242

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 22 $28,900,000 $1,313,636
    Single Family (1-4 Units):Site-Built 871 $224,035,000 $257,216

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 116 $21,260,000 $183,276 $2,363 2.98%
    40-60% 223 $58,615,000 $262,848 $2,992 2.90%
    60-80% 410 $142,240,000 $346,927 $3,358 3.20%
    80-100% 88 $26,500,000 $301,136 $3,517 3.11%
    Under 20% 51 $2,915,000 $57,157 $599 4.25%

    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 $60,034
    Penn Community Bank 1051 South West End Blvd Quakertown, PA 18951 Full Service B&M $45,393
    Penn Community Bank 1129 N Fifth St Perkasie, PA 18944 Full Service B&M $108,966
    Penn Community Bank 118 Mill Street Bristol, PA 19007 Full Service B&M $108,878
    Penn Community Bank 126 South Bellevue Avenue Langhorne, PA 19047 Full Service B&M $64,253
    Penn Community Bank 1315 Easton Road Riegelsville, PA 18077 Full Service B&M $146,134
    Penn Community Bank 142 N Main Street Dublin, PA 18917 Full Service B&M $63,987
    Penn Community Bank 16 Highland Park Way Levittown, PA 19056 Full Service B&M $63,960
    Penn Community Bank 1651 The Fairway Jenkintown, PA 19046 Full Service B&M $48,055
    Penn Community Bank 200 Manor Ave Langhorne, PA 19047 Limited, Mobile/Seasonal Office $335
    Penn Community Bank 208 Levittown Parkway Levittown, PA 19054 Full Service B&M $107,088
    Penn Community Bank 2127 Galloway Road Bensalem, PA 19020 Full Service B&M $132,275
    Penn Community Bank 275 W Bridge Street New Hope, PA 18938 Full Service B&M $84,108
    Penn Community Bank 295 N Sycamore St Newtown, PA 18940 Full Service B&M $80,409
    Penn Community Bank 380 West Butler Avenue New Britain, PA 18901 Full Service B&M $50,551
    Penn Community Bank 3969 Durham Road Doylestown, PA 18902 Full Service B&M $26,225
    Penn Community Bank 3969 Durham Road Doylestown, PA 18902 Full Service B&M $133,682
    Penn Community Bank 400 Commerce Blvd, Milford Square Quakertown, PA 18951 Full Service B&M $38,258
    Penn Community Bank 426 N Main Street Doylestown, PA 18901 Full Service B&M $46,333
    Penn Community Bank 519 Richlandtown Pike Richlandtown, PA 18955 Full Service B&M $67,879
    Penn Community Bank 530 Second Street Pike Southampton, PA 18966 Full Service B&M $69,273
    Penn Community Bank 600 Market Street Perkasie, PA 18944 Full Service B&M $130,660
    Penn Community Bank 601 Louis Drive Warminster, PA 18974 Full Service B&M $41,955
    Penn Community Bank 6999 Easton Road, Po Box 470 Pipersville, PA 18947 Full Service B&M $91,249
    Penn Community Bank 732 Stony Hill Rd., Bldg. 3 Yardley, PA 19067 Full Service B&M $75,036

    For 2020, Penn Community Bank had 25 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $85,182
    Net interest income $64,229
    Total noninterest income $15,127
    Gross Fiduciary activities income $244
    Service charges on deposit accounts $889
    Trading account gains and fees $0
    Additional Noninterest Income $13,994
    Pre-tax net operating income $20,708
    Securities gains (or losses, -) $595
    Income before extraordinary items $17,555
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $17,555
    Minority interest net income $0
    Net income $17,555
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $17,067

    Penn Community Bank's gross interest income from loans was $85,182,000.
    Penn Community Bank's net interest income from loans was $64,229,000.
    Penn Community Bank's fee based income from loans was $889,000.
    Penn Community Bank's net income from loans was $17,555,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $20,953
    Provision for credit losses $3,097
    Total noninterest expense $55,551
    Salaries and employee benefits $31,733
    Premises and equipment expense $5,560
    Additional noninterest expense $18,258
    Applicable income taxes $3,748
    Net charge-offs $144
    Cash dividends $0

    Penn Community Bank's interest expense for loans was $20,953,000.
    Penn Community Bank's payroll and benefits expense were $31,733,000.
    Penn Community Bank's property, plant and equipment expenses $5,560,000.

    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 2.0%
    Credit card loans 0.0%
    Other individual loans 2.0%
    Auto loans 0.0%
    Other consumer loans 2.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $1,934,595
    Deposits held in domestic offices $1,934,595
    Deposits by Individuals, partnerships, and corporations $1,714,895
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $188,110
    Deposits by Commercial banks and other depository institutions in U.S. $31,590
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $60,236
    Demand deposits $45,863
    Nontransaction accounts $1,874,359
    Money market deposit accounts (MMDAs) $1,138,953
    Other savings deposits (excluding MMDAs) $226,758
    Total time deposits $508,648
    Total time and savings deposits $1,888,732
    Noninterest-bearing deposits $27,072
    Interest-bearing deposits $1,907,523
    Retail deposits $1,797,424
    IRAs and Keogh plan accounts $110,614
    Brokered deposits $71,582
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $2,546,878
    Cash & Balances due from depository institutions $171,107
    Interest-bearing balances $155,554
    Total securities $606,127
    Federal funds sold & reverse repurchase $0
    Net loans and leases $1,642,572
    Loan and leases loss allowance $16,709
    Trading account assets $0
    Bank premises and fixed assets $22,050
    Other real estate owned $0
    Goodwill and other intangibles $9,727
    All other assets $95,295

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $2,546,878
    Total Liabilities $2,233,212
    Total deposits $1,934,595
    Interest-bearing deposits $1,907,523
    Deposits held in domestic offices $1,934,595
    % insured (estimated) $70
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $325
    Other borrowed funds $272,715
    Subordinated debt $0
    All other liabilities $25,577

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,642,572
    Loan and leases loss allowance $16,709
    Total loans and leases (domestic) $1,659,281
    All real estate loans $1,515,064
    Real estate loans in domestic offices $1,515,064
    Construction and development loans $213,505
    Residential 1-4 family construction $66,416
    Other construction, all land development and other land $147,089
    Loans secured by nonfarm nonresidential properties $382,505
    Nonfarm nonresidential secured by owner-occupied properties $163,744
    Commercial real estate & other non-farm, non-residential $218,761
    Multifamily residential real estate $146,011
    1-4 family residential loans $769,912
    Farmland loans $3,131
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $137,258
    To non-U.S. addressees $0
    Loans to individuals $2,711
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $0
    Other loans to individuals $2,711
    All other loans & leases $4,247
    Loans to foreign governments and official institutions $0
    Other loans $1,317
    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 $3,552
    Non 1-4 family restructured loans & leases $2,065
    Total loans and leases (foreign) $0

    Penn Community Bank had $1,642,572,000 of loans outstanding in 2020. $1,515,064,000 of loans were in real estate loans. $213,505,000 of loans were in development loans. $146,011,000 of loans were in multifamily mortgage loans. $769,912,000 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 538 $118,219 $219,738
    Nonfarm, nonresidential loans - <$100k 145 $2,677 $18,462
    Nonfarm, nonresidential loans - $100-250k 127 $15,400 $121,260
    Nonfarm, nonresidential loans - $250k-1MM 266 $100,142 $376,474
    Commercial & Industrial, US addressed loans - <$1MM 1,406 $83,284 $59,235
    Commercial & Industrial, US addressed loans - <$100k 1,113 $27,140 $24,385
    Commercial & Industrial, US addressed loans - $100-250k 174 $20,737 $119,178
    Commercial & Industrial, US addressed loans - $250k-1MM 119 $35,407 $297,538
    Farmland loans - <$1MM 4 $910 $227,500
    Farmland loans - $100-250k 3 $451 $150,333
    Farmland loans - $250k-1MM 1 $459 $459,000