Phoenixville Federal Bank And Trust Mortgage Rates, Fees & Info
Phoenixville, PALEI: 549300L4I0NP22SUIE86
Tax ID: 23-0975715
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Bank Data
Review & Overview
Phoenixville Federal Bank And Trust is a smaller bank specializing in Cash Out Refi, Refi, and Home Purchase loans. Phoenixville Federal Bank And Trust has a high proportion of conventional loans. Their top markets by origination volume include: Philadelphia, Ocean City, Reading, Miami, and Lancaster among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)Phoenixville Federal Bank And Trust 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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Originations
187Origination Dollar Volume (All Markets)
$62,025,000Employee count
106Top 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) | 159 | $49,845,000 | $313,491 | $0 | 0.00% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 4 | $6,400,000 | $1,600,000 | $0 | 0.00% |
| READING, PA (FHA|USDA|VA) | 11 | $1,965,000 | $178,636 | $0 | 0.00% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $1,150,000 | $575,000 | $0 | 0.00% |
| LANCASTER, PA (FHA|USDA|VA) | 3 | $965,000 | $321,667 | $0 | 0.00% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $0 | 0.00% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 0.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $160,000 | $80,000 | $0 | 0.00% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 187 | $62,025,000 | $331,684 | $0 | 0.00% |
For 2020, Phoenixville Federal Bank And Trust's most frequently originated type of loan was Conventional, with 187 originations.
Loan Reason
For 2020, Phoenixville Federal Bank And Trust's most frequently cited loan purpose was Cash Out Refi, with 76 originations. The 2nd most popular reason was Refi, with 61 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 187 | $62,025,000 | $331,684 | $0 | 0.00% |
For 2020, Phoenixville Federal Bank And Trust's most frequently cited loan duration was Other, with 187 originations.
Loan Sizing
2020 saw Phoenixville Federal Bank And Trust place emphasis on $200k-400k loans with 67 originations, totaling $19,165,000 in origination value.
Applicant Income
Phoenixville Federal Bank And Trust lent most frequently to those with incomes in the $100k-150k range, with 50 originations. The second most popular income band? $150k-250k, with 46 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 187 | $62,025,000 | $331,684 | $0 | 0.00% |
Phoenixville Federal Bank And Trust lent most frequently to those with DTI ratios of Exempt%, with 187 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.97%
Phoenixville Federal Bank And Trust has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination88.77%
Phoenixville Federal Bank And Trust has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 187 | $62,025,000 | $331,684 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 4 | $9,050,000 | $2,262,500 |
| Single Family (1-4 Units):Site-Built | 183 | $52,975,000 | $289,481 |
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| PNC Bank N.A. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 34 | 11.0% |
| PNC Bank N.A. | Conventional home mortgage | Closing on a mortgage | 26 | 8.4% |
| PNC Bank N.A. | Conventional home mortgage | Credit monitoring or identity theft protection services | 1 | 0.3% |
| PNC Bank N.A. | Conventional home mortgage | Incorrect information on your report | 4 | 1.3% |
| PNC Bank N.A. | Conventional home mortgage | Problem with a credit reporting company's investigation into an existing problem | 2 | 0.6% |
| PNC Bank N.A. | Conventional home mortgage | Struggling to pay mortgage | 48 | 15.5% |
| PNC Bank N.A. | Conventional home mortgage | Trouble during payment process | 80 | 25.8% |
| PNC Bank N.A. | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 0.3% |
| PNC Bank N.A. | FHA mortgage | Incorrect information on your report | 1 | 0.3% |
| PNC Bank N.A. | FHA mortgage | Struggling to pay mortgage | 6 | 1.9% |
| PNC Bank N.A. | FHA mortgage | Trouble during payment process | 8 | 2.6% |
| PNC Bank N.A. | Home equity loan or line of credit (HELOC) | Applying for a mortgage or refinancing an existing mortgage | 11 | 3.5% |
| PNC Bank N.A. | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 7 | 2.3% |
| PNC Bank N.A. | Home equity loan or line of credit (HELOC) | Incorrect information on your report | 7 | 2.3% |
| PNC Bank N.A. | Home equity loan or line of credit (HELOC) | Struggling to pay mortgage | 9 | 2.9% |
| PNC Bank N.A. | Home equity loan or line of credit (HELOC) | Trouble during payment process | 31 | 10.0% |
| PNC Bank N.A. | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 5 | 1.6% |
| PNC Bank N.A. | Other type of mortgage | Closing on a mortgage | 3 | 1.0% |
| PNC Bank N.A. | Other type of mortgage | Incorrect information on your report | 1 | 0.3% |
| PNC Bank N.A. | Other type of mortgage | Struggling to pay mortgage | 3 | 1.0% |
| PNC Bank N.A. | Other type of mortgage | Trouble during payment process | 13 | 4.2% |
| PNC Bank N.A. | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 4 | 1.3% |
| PNC Bank N.A. | VA mortgage | Struggling to pay mortgage | 1 | 0.3% |
| PNC Bank N.A. | VA mortgage | Trouble during payment process | 4 | 1.3% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Phoenixville Federal Bank and Trust | 451 West Ridge Pike, Suite 201 Limerick, PA 19468 | Full Service B&M | $30,421 |
| Phoenixville Federal Bank and Trust | 533 Kimberton Road Kimberton, PA 19442 | Full Service B&M | $142,631 |
| Phoenixville Federal Bank and Trust | 564 Nutt Rd Phoenixville, PA 19460 | Limited, Administrative | $0 |
| Phoenixville Federal Bank and Trust | 564 Nutt Rd Phoenixville, PA 19460 | Full Service Cyber Office | $1,975 |
| Phoenixville Federal Bank and Trust | 564 Nutt Road Phoenixville, PA 19460 | Full Service B&M | $149,646 |
| Phoenixville Federal Bank and Trust | 70 North Lewis Rd Royersford, PA 19468 | Full Service B&M | $72,578 |
| Phoenixville Federal Bank and Trust | 74 Second Avenue Collegeville, PA 19426 | Full Service B&M | $60,355 |
For 2020, Phoenixville Federal Bank And Trust had 7 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $17,330 |
| Net interest income | $14,380 |
| Total noninterest income | $2,725 |
| Gross Fiduciary activities income | $1,107 |
| Service charges on deposit accounts | $314 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $1,304 |
| Pre-tax net operating income | $3,300 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $2,521 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $2,521 |
| Minority interest net income | $0 |
| Net income | $2,521 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $2,521 |
Phoenixville Federal Bank And Trust's gross interest income from loans was $17,330,000.
Phoenixville Federal Bank And Trust's net interest income from loans was $14,380,000.
Phoenixville Federal Bank And Trust's fee based income from loans was $314,000.
Phoenixville Federal Bank And Trust's net income from loans was $2,521,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $2,950 |
| Provision for credit losses | $1,072 |
| Total noninterest expense | $12,733 |
| Salaries and employee benefits | $7,266 |
| Premises and equipment expense | $1,506 |
| Additional noninterest expense | $3,961 |
| Applicable income taxes | $779 |
| Net charge-offs | $6 |
| Cash dividends | $0 |
Phoenixville Federal Bank And Trust's interest expense for loans was $2,950,000.
Phoenixville Federal Bank And Trust's payroll and benefits expense were $7,266,000.
Phoenixville Federal Bank And Trust's property, plant and equipment expenses $1,506,000.
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 | 10.0% |
| 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 | $473,595 |
| Deposits held in domestic offices | $473,595 |
| Deposits by Individuals, partnerships, and corporations | $459,268 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $14,326 |
| Deposits by Commercial banks and other depository institutions in U.S. | $0 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $192,494 |
| Demand deposits | $57,374 |
| Nontransaction accounts | $281,100 |
| Money market deposit accounts (MMDAs) | $37,448 |
| Other savings deposits (excluding MMDAs) | $108,050 |
| Total time deposits | $135,603 |
| Total time and savings deposits | $416,220 |
| Noninterest-bearing deposits | $58,972 |
| Interest-bearing deposits | $414,623 |
| Retail deposits | $458,999 |
| IRAs and Keogh plan accounts | $31,916 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $537,062 |
| Cash & Balances due from depository institutions | $76,146 |
| Interest-bearing balances | $72,001 |
| Total securities | $48,299 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $386,428 |
| Loan and leases loss allowance | $4,402 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $8,899 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $55 |
| All other assets | $17,235 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $537,062 |
| Total Liabilities | $476,385 |
| Total deposits | $473,595 |
| Interest-bearing deposits | $414,623 |
| Deposits held in domestic offices | $473,595 |
| % insured (estimated) | $90 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $2,790 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $386,428 |
| Loan and leases loss allowance | $4,402 |
| Total loans and leases (domestic) | $390,830 |
| All real estate loans | $358,581 |
| Real estate loans in domestic offices | $358,581 |
| Construction and development loans | $10,476 |
| Residential 1-4 family construction | $1,684 |
| Other construction, all land development and other land | $8,792 |
| Loans secured by nonfarm nonresidential properties | $113,923 |
| Nonfarm nonresidential secured by owner-occupied properties | $40,135 |
| Commercial real estate & other non-farm, non-residential | $73,788 |
| Multifamily residential real estate | $11,140 |
| 1-4 family residential loans | $220,636 |
| Farmland loans | $2,406 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $22,478 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $27 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $0 |
| Other loans to individuals | $27 |
| All other loans & leases | $9,744 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $1,655 |
| 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 | $1,319 |
| Non 1-4 family restructured loans & leases | $84 |
| Total loans and leases (foreign) | $0 |
Phoenixville Federal Bank and Trust had $386,428,000 of loans outstanding in 2020. $358,581,000 of loans were in real estate loans. $10,476,000 of loans were in development loans. $11,140,000 of loans were in multifamily mortgage loans. $220,636,000 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 | 136 | $33,126 | $243,574 |
| Nonfarm, nonresidential loans - <$100k | 27 | $604 | $22,370 |
| Nonfarm, nonresidential loans - $100-250k | 42 | $4,980 | $118,571 |
| Nonfarm, nonresidential loans - $250k-1MM | 67 | $27,542 | $411,075 |
| Commercial & Industrial, US addressed loans - <$1MM | 270 | $16,328 | $60,474 |
| Commercial & Industrial, US addressed loans - <$100k | 215 | $5,076 | $23,609 |
| Commercial & Industrial, US addressed loans - $100-250k | 33 | $3,472 | $105,212 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 22 | $7,780 | $353,636 |
| Farmland loans - <$1MM | 2 | $194 | $97,000 |
| Farmland loans - <$100k | 1 | $100 | $100,000 |
| Farmland loans - $100-250k | 1 | $94 | $94,000 |