Hyperion Bank Mortgage Rates, Fees & Info
Philadelphia, PALEI: 549300L7OFUBO6FHY884
Tax ID: 20-5859525
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Mortgage Data
Bank Data
Review & Overview
Hyperion Bank is a smaller bank specializing in Home Purchase loans. Hyperion Bank has a high proportion of conventional loans. Their top markets by origination volume include: Philadelphia, Ocean City, Atlantic City, and Atlanta among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)Hyperion Bank has an above average approval rate when compared to the average across all lenders.
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Originations
101Origination Dollar Volume (All Markets)
$57,095,000Employee count
27Top 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) | 95 | $52,445,000 | $552,053 | $0 | 0.00% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 3 | $2,335,000 | $778,333 | $0 | 0.00% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $1,565,000 | $1,565,000 | $0 | 0.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 101 | $57,095,000 | $565,297 | $0 | 0.00% |
For 2019, Hyperion Bank's most frequently originated type of loan was Conventional, with 101 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 82 | $47,550,000 | $579,878 | $0 | 0.00% |
| Home Improvement | 10 | $5,040,000 | $504,000 | $0 | 0.00% |
| Refi | 9 | $4,505,000 | $500,556 | $0 | 0.00% |
For 2019, Hyperion Bank's most frequently cited loan purpose was Home Purchase, with 82 originations. The 2nd most popular reason was Home Improvement, with 10 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 101 | $57,095,000 | $565,297 | $0 | 0.00% |
For 2019, Hyperion Bank's most frequently cited loan duration was Other, with 101 originations.
Loan Sizing
2019 saw Hyperion Bank place emphasis on $200k-400k loans with 44 originations, totaling $14,150,000 in origination value.
Applicant Income
Hyperion Bank lent most frequently to those with incomes in the $250k+ range, with 7 originations. The second most popular income band? $100k-150k, with 2 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 101 | $57,095,000 | $565,297 | $0 | 0.00% |
Hyperion Bank lent most frequently to those with DTI ratios of Exempt%, with 101 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
Hyperion Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 101 | $57,095,000 | $565,297 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 7 | $7,275,000 | $1,039,286 |
| Single Family (1-4 Units):Site-Built | 94 | $49,820,000 | $530,000 |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Hyperion Bank | 199 West Girard Avenue Philadelphia, PA 19123 | Full Service B&M | $133,407 |
For 2019, Hyperion Bank had 1 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $8,794 |
| Net interest income | $5,544 |
| Total noninterest income | $320 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $31 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $289 |
| Pre-tax net operating income | $-529 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $-529 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $-529 |
| Minority interest net income | $0 |
| Net income | $-529 |
| Sale, conversion, retirement of capital stock, net | $107 |
| Net operating income | $-529 |
Hyperion Bank's gross interest income from loans was $8,794,000.
Hyperion Bank's net interest income from loans was $5,544,000.
Hyperion Bank's fee based income from loans was $31,000.
Hyperion Bank's net income from loans was $-529,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $3,250 |
| Provision for credit losses | $1,088 |
| Total noninterest expense | $5,305 |
| Salaries and employee benefits | $1,713 |
| Premises and equipment expense | $454 |
| Additional noninterest expense | $3,138 |
| Applicable income taxes | $0 |
| Net charge-offs | $546 |
| Cash dividends | $0 |
Hyperion Bank's interest expense for loans was $3,250,000.
Hyperion Bank's payroll and benefits expense were $1,713,000.
Hyperion Bank's property, plant and equipment expenses $454,000.
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 | 23.0% |
| All other family | 0.0% |
| Commercial & industrial loans | 3.0% |
| 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 | $137,539 |
| Deposits held in domestic offices | $137,539 |
| Deposits by Individuals, partnerships, and corporations | $136,692 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $0 |
| Deposits by Commercial banks and other depository institutions in U.S. | $847 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $31,937 |
| Demand deposits | $25,311 |
| Nontransaction accounts | $105,602 |
| Money market deposit accounts (MMDAs) | $10,647 |
| Other savings deposits (excluding MMDAs) | $1,127 |
| Total time deposits | $93,828 |
| Total time and savings deposits | $112,228 |
| Noninterest-bearing deposits | $14,563 |
| Interest-bearing deposits | $122,976 |
| Retail deposits | $94,631 |
| IRAs and Keogh plan accounts | $3,728 |
| Brokered deposits | $12,664 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $176,881 |
| Cash & Balances due from depository institutions | $17,377 |
| Interest-bearing balances | $15,919 |
| Total securities | $1,982 |
| Federal funds sold & reverse repurchase | $6,214 |
| Net loans and leases | $147,299 |
| Loan and leases loss allowance | $1,617 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $1,980 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $42 |
| All other assets | $1,987 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $176,881 |
| Total Liabilities | $155,662 |
| Total deposits | $137,539 |
| Interest-bearing deposits | $122,976 |
| Deposits held in domestic offices | $137,539 |
| % insured (estimated) | $86 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $17,344 |
| Subordinated debt | $0 |
| All other liabilities | $779 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $147,299 |
| Loan and leases loss allowance | $1,617 |
| Total loans and leases (domestic) | $148,916 |
| All real estate loans | $134,116 |
| Real estate loans in domestic offices | $134,116 |
| Construction and development loans | $48,109 |
| Residential 1-4 family construction | $41,846 |
| Other construction, all land development and other land | $6,263 |
| Loans secured by nonfarm nonresidential properties | $14,975 |
| Nonfarm nonresidential secured by owner-occupied properties | $115 |
| Commercial real estate & other non-farm, non-residential | $14,860 |
| Multifamily residential real estate | $6,283 |
| 1-4 family residential loans | $64,749 |
| Farmland loans | $0 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $14,747 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $373 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $0 |
| Other loans to individuals | $373 |
| All other loans & leases | $0 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $0 |
| 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 | $1,331 |
| Non 1-4 family restructured loans & leases | $684 |
| Total loans and leases (foreign) | $0 |
Hyperion Bank had $147,299,000 of loans outstanding in 2019. $134,116,000 of loans were in real estate loans. $48,109,000 of loans were in development loans. $6,283,000 of loans were in multifamily mortgage loans. $64,749,000 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 | 47 | $10,992 | $233,872 |
| Nonfarm, nonresidential loans - <$100k | 13 | $651 | $50,077 |
| Nonfarm, nonresidential loans - $100-250k | 14 | $2,399 | $171,357 |
| Nonfarm, nonresidential loans - $250k-1MM | 20 | $7,942 | $397,100 |
| Commercial & Industrial, US addressed loans - <$1MM | 51 | $11,866 | $232,667 |
| Commercial & Industrial, US addressed loans - <$100k | 14 | $771 | $55,071 |
| Commercial & Industrial, US addressed loans - $100-250k | 19 | $3,135 | $165,000 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 18 | $7,960 | $442,222 |