Penn Community Bank Mortgage Rates, Fees & Info

Doylestown, PA

LEI: 549300L3C3LKXG2XBS96

Tax ID: 23-1330248

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

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Mortgage Data

Bank Data

Review & Overview

Penn Community Bank is a smaller bank specializing in Cash Out Refi, Refi, and Home Purchase loans. Penn Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: Philadelphia, Allentown, Trenton, Atlantic City, and Reading among others. We have data for 11 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.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.27% 3/27/24
30 Year Conventional Purchase 6.31% 3/27/24
30 Year Conventional Refi 6.22% 3/27/24
30 Year Cash-out Refi 6.26% 3/27/24
15 Year Conventional Purchase 6.38% 3/27/24
15 Year Conventional Refi 5.97% 3/27/24
15 Year Cash-out Refi 5.97% 3/27/24
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

826

Origination Dollar Volume (All Markets)

$260,790,000

Employee count

310

Awards

Penn Community Bank 30 Year Conventional Loans gold Penn Community Bank 30 Year Conventional Loans silver
Show all (2) 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) 707 $213,925,000 $302,581 $3,187 3.17%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 66 $11,970,000 $181,364 $3,166 3.16%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 4 $11,180,000 $2,795,000 $2,436 3.48%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 6 $6,300,000 $1,050,000 $4,113 3.15%
READING, PA (FHA|USDA|VA) 8 $5,760,000 $720,000 $3,325 3.12%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 19 $5,685,000 $299,211 $2,553 3.18%
OCEAN CITY, NJ (FHA|USDA|VA) 12 $4,960,000 $413,333 $3,353 2.91%
Huntingdon, PA (FHA|USDA|VA) 1 $605,000 $605,000 $8,685 2.88%
LANCASTER, PA (FHA|USDA|VA) 1 $185,000 $185,000 $3,173 3.63%
Outside of Metro Areas 1 $115,000 $115,000 $2,879 2.50%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $105,000 $105,000 $0 3.73%
Penn Community Bank's top markets include Philadelphia, Allentown, Trenton, Atlantic City, and Reading among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 826 $260,790,000 $315,726 $3,181 3.16%

    For 2021, Penn Community Bank's most frequently originated type of loan was Conventional, with 826 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 315 $108,915,000 $345,762 $3,182 3.16%
    Refi 269 $66,945,000 $248,866 $3,212 2.84%
    Home Purchase 186 $73,900,000 $397,312 $4,060 3.42%
    Home Improvement 31 $5,955,000 $192,097 $608 4.03%
    Other 25 $5,075,000 $203,000 $1,766 3.70%

    For 2021, Penn Community Bank's most frequently cited loan purpose was Cash Out Refi, with 315 originations. The 2nd most popular reason was Refi, with 269 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 424 $116,700,000 $275,236 $3,717 3.18%
    15 Year 209 $42,365,000 $202,703 $2,480 2.89%
    20 Year 81 $15,255,000 $188,333 $2,669 3.01%
    10 Year 50 $42,450,000 $849,000 $2,243 3.45%
    5 Year 40 $22,430,000 $560,750 $0 3.97%
    Other 16 $17,920,000 $1,120,000 $1,974 4.02%
    1 Year 2 $520,000 $260,000 $0 4.00%
    30+ year 2 $2,360,000 $1,180,000 $14,109 3.44%
    3 Year 2 $790,000 $395,000 $0 3.88%

    For 2021, Penn Community Bank's most frequently cited loan duration was 30 Year, with 424 originations. The 2nd most popular length was 15 Year, with 209 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 594 $143,520,000 $241,616
    $1k-2k 35 $9,275,000 $265,000
    $2k-3k 18 $6,180,000 $343,333
    $5k+ 7 $4,095,000 $585,000
    $3k-4k 3 $815,000 $271,667
    $4k-5k 2 $420,000 $210,000

    Penn Community Bank's average total fees were $3,717, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 594 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 320 $124,390,000 $388,719
    2.5-3% 307 $76,585,000 $249,463
    <2.5% 119 $26,905,000 $226,092
    4-5% 80 $32,910,000 $411,375

    During 2021, Penn Community Bank's average interest rate for loans was 3.18%, while their most frequently originated rate bucket for loans was 3-4%, with 320 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 309 $84,025,000 $271,926 $3,575 3.13%
    $100k-200k 282 $41,640,000 $147,660 $2,628 3.01%
    $100,000 or less 94 $6,310,000 $67,128 $1,001 3.57%
    $400k-600k 88 $42,600,000 $484,091 $4,463 3.04%
    $600k-1MM 31 $22,595,000 $728,871 $6,695 3.58%
    $1MM+ 22 $63,620,000 $2,891,818 $12,299 3.83%

    2021 saw Penn Community Bank place emphasis on $200k-400k loans with 309 originations, totaling $84,025,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 182 $43,100,000 $236,813 $3,144 3.16%
    $50k-75k 152 $26,000,000 $171,053 $2,752 3.04%
    $150k-250k 149 $45,705,000 $306,745 $3,631 3.04%
    $75k-100k 105 $21,235,000 $202,238 $3,103 3.13%
    $50k or less 75 $9,295,000 $123,933 $2,226 3.10%
    $250k+ 69 $30,305,000 $439,203 $5,014 3.01%

    Penn Community Bank lent most frequently to those with incomes in the $100k-150k range, with 182 originations. The second most popular income band? $50k-75k, with 152 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 204 $49,370,000 $242,010 $3,228 3.04%
    30-36% 134 $32,500,000 $242,537 $3,193 3.07%
    <20% 85 $19,555,000 $230,059 $3,204 2.89%
    42% 39 $11,365,000 $291,410 $3,192 3.32%
    38% 36 $8,620,000 $239,444 $2,965 3.03%
    41% 34 $8,850,000 $260,294 $3,143 3.29%
    39% 28 $5,240,000 $187,143 $2,522 3.27%
    40% 27 $6,285,000 $232,778 $2,930 3.29%
    36% 25 $4,825,000 $193,000 $3,006 3.10%
    37% 23 $5,665,000 $246,304 $3,156 3.30%
    44% 20 $4,890,000 $244,500 $3,383 3.01%
    47% 20 $4,710,000 $235,500 $3,237 3.06%
    43% 19 $4,005,000 $210,789 $3,415 3.03%
    48% 18 $4,320,000 $240,000 $3,392 3.13%
    49% 13 $2,575,000 $198,077 $3,299 2.94%
    45% 12 $3,470,000 $289,167 $3,897 3.16%
    46% 10 $2,870,000 $287,000 $3,307 2.84%
    >60% 2 $430,000 $215,000 $5,003 3.69%

    Penn Community Bank lent most frequently to those with DTI ratios of 20-30%, with 204 originations. The next most common DTI ratio? 30-36%, with 134 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 698 $169,450,000 $242,765 $3,205 3.08%
    Not applicable 71 $78,665,000 $1,107,958 $0 3.94%
    Asian 21 $5,045,000 $240,238 $2,893 3.17%
    Not provided 19 $4,395,000 $231,316 $2,336 3.29%
    Black 13 $2,625,000 $201,923 $3,479 3.25%
    Asian Indian 2 $250,000 $125,000 $2,725 2.38%
    Filipino 1 $185,000 $185,000 $4,029 2.50%
    American Indian 1 $175,000 $175,000 $2,715 3.00%

    Approval Rates

    Total approvals of all applications
    92.89%

    Penn Community Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.35%

    Penn Community Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 826 $260,790,000 $315,726

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    826 $260,790,000 $315,726

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 125 $22,825,000 $182,600 $2,646 2.90%
    40-60% 219 $55,035,000 $251,301 $3,125 2.95%
    60-80% 349 $153,715,000 $440,444 $3,745 3.28%
    80-100% 79 $25,695,000 $325,253 $4,147 3.12%
    Under 20% 54 $3,520,000 $65,185 $527 3.94%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Penn Community Bank 1051 South West End Blvd Quakertown, PA 18951 Full Service B&M $49,924
    Penn Community Bank 1129 N Fifth St Perkasie, PA 18944 Full Service B&M $117,050
    Penn Community Bank 118 Mill Street Bristol, PA 19007 Full Service B&M $119,625
    Penn Community Bank 126 South Bellevue Avenue Langhorne, PA 19047 Full Service B&M $77,315
    Penn Community Bank 1315 Easton Road Riegelsville, PA 18077 Full Service B&M $165,445
    Penn Community Bank 142 N Main Street Dublin, PA 18917 Full Service B&M $73,842
    Penn Community Bank 16 Highland Park Way Levittown, PA 19056 Full Service B&M $70,521
    Penn Community Bank 1651 The Fairway Jenkintown, PA 19046 Full Service B&M $54,413
    Penn Community Bank 200 Manor Ave Langhorne, PA 19047 Limited, Mobile/Seasonal Office $357
    Penn Community Bank 208 Levittown Parkway Levittown, PA 19054 Full Service B&M $125,164
    Penn Community Bank 2127 Galloway Road Bensalem, PA 19020 Full Service B&M $163,096
    Penn Community Bank 275 W Bridge Street New Hope, PA 18938 Full Service B&M $99,909
    Penn Community Bank 295 N Sycamore St Newtown, PA 18940 Full Service B&M $84,231
    Penn Community Bank 380 West Butler Avenue New Britain, PA 18901 Full Service B&M $49,591
    Penn Community Bank 3969 Durham Road Doylestown, PA 18902 Full Service B&M $29,524
    Penn Community Bank 3969 Durham Road Doylestown, PA 18902 Full Service B&M $115,054
    Penn Community Bank 400 Commerce Blvd, Milford Square Quakertown, PA 18951 Full Service B&M $39,414
    Penn Community Bank 426 N Main Street Doylestown, PA 18901 Full Service B&M $62,354
    Penn Community Bank 519 Richlandtown Pike Richlandtown, PA 18955 Full Service B&M $69,651
    Penn Community Bank 530 Second Street Pike Southampton, PA 18966 Full Service B&M $74,799
    Penn Community Bank 600 Market Street Perkasie, PA 18944 Full Service B&M $123,159
    Penn Community Bank 601 Louis Drive Warminster, PA 18974 Full Service B&M $47,113
    Penn Community Bank 6999 Easton Road, Po Box 470 Pipersville, PA 18947 Full Service B&M $103,030
    Penn Community Bank 732 Stony Hill Rd., Bldg. 3 Yardley, PA 19067 Full Service B&M $169,246

    For 2021, Penn Community Bank had 24 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $78,759
    Net interest income $66,192
    Total noninterest income $16,140
    Gross Fiduciary activities income $265
    Service charges on deposit accounts $1,001
    Trading account gains and fees $0
    Additional Noninterest Income $14,874
    Pre-tax net operating income $26,824
    Securities gains (or losses, -) $29
    Income before extraordinary items $22,094
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $22,094
    Minority interest net income $0
    Net income $22,094
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $22,070

    Penn Community Bank's gross interest income from loans was $78,759,000.
    Penn Community Bank's net interest income from loans was $66,192,000.
    Penn Community Bank's fee based income from loans was $1,001,000.
    Penn Community Bank's net income from loans was $22,094,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $12,567
    Provision for credit losses $-185
    Total noninterest expense $55,693
    Salaries and employee benefits $32,063
    Premises and equipment expense $5,874
    Additional noninterest expense $17,756
    Applicable income taxes $4,759
    Net charge-offs $-219
    Cash dividends $0

    Penn Community Bank's interest expense for loans was $12,567,000.
    Penn Community Bank's payroll and benefits expense were $32,063,000.
    Penn Community Bank's property, plant and equipment expenses $5,874,000.

    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 $2,142,593
    Deposits held in domestic offices $2,142,593
    Deposits by Individuals, partnerships, and corporations $1,892,693
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $214,252
    Deposits by Commercial banks and other depository institutions in U.S. $35,648
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $815,615
    Demand deposits $402,611
    Nontransaction accounts $1,326,978
    Money market deposit accounts (MMDAs) $626,791
    Other savings deposits (excluding MMDAs) $269,091
    Total time deposits $431,096
    Total time and savings deposits $1,739,982
    Noninterest-bearing deposits $290,353
    Interest-bearing deposits $1,852,240
    Retail deposits $2,027,528
    IRAs and Keogh plan accounts $102,415
    Brokered deposits $52,021
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $2,705,521
    Cash & Balances due from depository institutions $330,408
    Interest-bearing balances $319,558
    Total securities $761,491
    Federal funds sold & reverse repurchase $0
    Net loans and leases $1,487,358
    Loan and leases loss allowance $16,743
    Trading account assets $0
    Bank premises and fixed assets $22,066
    Other real estate owned $0
    Goodwill and other intangibles $10,055
    All other assets $94,143

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $2,705,521
    Total Liabilities $2,381,974
    Total deposits $2,142,593
    Interest-bearing deposits $1,852,240
    Deposits held in domestic offices $2,142,593
    % insured (estimated) $67
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $213,217
    Subordinated debt $0
    All other liabilities $26,164

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,487,358
    Loan and leases loss allowance $16,743
    Total loans and leases (domestic) $1,504,101
    All real estate loans $1,407,062
    Real estate loans in domestic offices $1,407,062
    Construction and development loans $191,659
    Residential 1-4 family construction $37,584
    Other construction, all land development and other land $154,075
    Loans secured by nonfarm nonresidential properties $370,150
    Nonfarm nonresidential secured by owner-occupied properties $165,314
    Commercial real estate & other non-farm, non-residential $204,836
    Multifamily residential real estate $148,751
    1-4 family residential loans $690,662
    Farmland loans $5,840
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $90,737
    To non-U.S. addressees $0
    Loans to individuals $2,415
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $0
    Other loans to individuals $2,415
    All other loans & leases $3,887
    Loans to foreign governments and official institutions $0
    Other loans $1,293
    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 $3,098
    Non 1-4 family restructured loans & leases $1,986
    Total loans and leases (foreign) $0

    Penn Community Bank had $1,487,358,000 of loans outstanding in 2021. $1,407,062,000 of loans were in real estate loans. $191,659,000 of loans were in development loans. $148,751,000 of loans were in multifamily mortgage loans. $690,662,000 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 555 $119,343 $215,032
    Nonfarm, nonresidential loans - <$100k 159 $2,440 $15,346
    Nonfarm, nonresidential loans - $100-250k 116 $13,325 $114,871
    Nonfarm, nonresidential loans - $250k-1MM 280 $103,578 $369,921
    Commercial & Industrial, US addressed loans - <$1MM 1,153 $47,459 $41,161
    Commercial & Industrial, US addressed loans - <$100k 943 $15,660 $16,607
    Commercial & Industrial, US addressed loans - $100-250k 115 $10,302 $89,583
    Commercial & Industrial, US addressed loans - $250k-1MM 95 $21,497 $226,284
    Farmland loans - <$1MM 7 $1,282 $183,143
    Farmland loans - $100-250k 4 $581 $145,250
    Farmland loans - $250k-1MM 3 $701 $233,667