Embassy Bank For The Lehigh Valley Mortgage Rates, Fees & Info

Bethlehem, PA

LEI: 549300PBL633P0UGLP11

Tax ID: 23-3081363

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
  • 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

    Embassy Bank For The Lehigh Valley is a smaller bank specializing in Refi and Home Purchase loans. Embassy Bank For The Lehigh Valley has a high proportion of conventional loans. Their top markets by origination volume include: Allentown, Philadelphia, Reading, Ocean City, and New York among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Embassy Bank For The Lehigh Valley has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Embassy Bank For The Lehigh Valley 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.61% 4/21/24
    30 Year Conventional Refi 6.27% 4/21/24
    15 Year Conventional Purchase 5.13% 4/21/24
    15 Year Conventional Refi 5.65% 4/21/24
    15 Year Cash-out Refi 5.65% 4/21/24
    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.

    Embassy Bank For The Lehigh Valley Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Embassy Bank For The Lehigh Valley. 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

    1,095

    Origination Dollar Volume (All Markets)

    $255,455,000

    Employee count

    96

    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
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1,062 $243,340,000 $229,134 $1,837 3.25%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 20 $7,500,000 $375,000 $3,146 3.26%
    READING, PA (FHA|USDA|VA) 9 $2,515,000 $279,444 $2,246 3.06%
    OCEAN CITY, NJ (FHA|USDA|VA) 1 $1,255,000 $1,255,000 $6,146 2.92%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $505,000 $505,000 $7,110 2.95%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 2 $340,000 $170,000 $1,962 3.19%
    Embassy Bank For The Lehigh Valley's top markets include Allentown, Philadelphia, Reading, Ocean City, and New York among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,095 $255,455,000 $233,292 $1,874 3.25%

    For 2020, Embassy Bank For The Lehigh Valley's most frequently originated type of loan was Conventional, with 1,095 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 768 $175,350,000 $228,320 $1,642 3.13%
    Home Purchase 242 $72,920,000 $301,322 $3,528 3.43%
    Home Improvement 51 $3,375,000 $66,176 $316 3.83%
    Other 34 $3,810,000 $112,059 $688 3.71%

    For 2020, Embassy Bank For The Lehigh Valley's most frequently cited loan purpose was Refi, with 768 originations. The 2nd most popular reason was Home Purchase, with 242 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 673 $157,075,000 $233,395 $1,847 3.24%
    15 Year 239 $63,145,000 $264,205 $2,279 3.09%
    20 Year 114 $24,140,000 $211,754 $1,810 3.38%
    10 Year 35 $4,235,000 $121,000 $906 3.52%
    5 Year 17 $625,000 $36,765 $25 3.80%
    30 Year 12 $5,980,000 $498,333 $2,499 3.71%
    3 Year 5 $255,000 $51,000 $0 3.49%

    For 2020, Embassy Bank For The Lehigh Valley's most frequently cited loan duration was Other, with 673 originations. The 2nd most popular length was 15 Year, with 239 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 488 $101,790,000 $208,586
    $<1k 371 $67,285,000 $181,361
    $2k-3k 116 $46,170,000 $398,017
    $3k-4k 2 $1,940,000 $970,000

    Embassy Bank For The Lehigh Valley's average total fees were $2,499, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 488 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 505 $112,795,000 $223,356
    3-4% 503 $127,535,000 $253,549
    4-5% 86 $15,080,000 $175,349
    5-6% 1 $45,000 $45,000

    During 2020, Embassy Bank For The Lehigh Valley's average interest rate for loans was 3.71%, while their most frequently originated rate bucket for loans was 2.5-3%, with 505 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 421 $63,125,000 $149,941 $1,363 3.19%
    $200k-400k 392 $108,050,000 $275,638 $2,246 3.17%
    $100,000 or less 161 $9,465,000 $58,789 $564 3.58%
    $400k-600k 90 $41,940,000 $466,000 $3,792 3.22%
    $600k-1MM 18 $13,130,000 $729,444 $6,352 3.36%
    $1MM+ 13 $19,745,000 $1,518,846 $8,301 3.42%

    2020 saw Embassy Bank For The Lehigh Valley place emphasis on $100k-200k loans with 421 originations, totaling $63,125,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 290 $60,850,000 $209,828 $1,720 3.19%
    $150k-250k 227 $56,505,000 $248,921 $2,031 3.20%
    $75k-100k 145 $24,865,000 $171,483 $1,609 3.17%
    $50k-75k 137 $19,765,000 $144,270 $1,421 3.13%
    $250k+ 130 $51,690,000 $397,615 $3,228 3.20%
    $50k or less 75 $8,275,000 $110,333 $1,289 3.27%

    Embassy Bank For The Lehigh Valley lent most frequently to those with incomes in the $100k-150k range, with 290 originations. The second most popular income band? $150k-250k, with 227 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 374 $79,230,000 $211,845 $1,706 3.14%
    30-36% 205 $46,775,000 $228,171 $1,960 3.20%
    <20% 186 $41,280,000 $221,935 $1,782 3.09%
    39% 28 $6,790,000 $242,500 $2,192 3.39%
    36% 27 $6,315,000 $233,889 $2,086 3.23%
    37% 26 $5,610,000 $215,769 $1,890 3.23%
    38% 25 $4,895,000 $195,800 $1,822 3.19%
    50-60% 22 $5,100,000 $231,818 $2,583 3.07%
    >60% 18 $4,190,000 $232,778 $2,346 3.08%
    40% 16 $3,890,000 $243,125 $1,940 3.20%
    41% 14 $2,980,000 $212,857 $2,311 3.24%
    42% 11 $2,405,000 $218,636 $1,994 3.27%
    44% 9 $1,815,000 $201,667 $1,705 3.16%
    43% 8 $2,490,000 $311,250 $3,029 3.52%
    48% 6 $1,600,000 $266,667 $2,643 3.11%
    45% 6 $1,300,000 $216,667 $2,602 3.30%
    46% 5 $1,205,000 $241,000 $2,085 3.06%
    49% 4 $950,000 $237,500 $2,082 3.20%
    47% 3 $585,000 $195,000 $1,834 3.93%

    Embassy Bank For The Lehigh Valley lent most frequently to those with DTI ratios of 20-30%, with 374 originations. The next most common DTI ratio? 30-36%, with 205 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 917 $201,455,000 $219,689 $1,867 3.20%
    Not applicable 73 $29,355,000 $402,123 $0 4.05%
    Not provided 60 $12,720,000 $212,000 $1,845 3.08%
    Asian 19 $5,745,000 $302,368 $2,492 3.05%
    Black 13 $3,255,000 $250,385 $1,814 3.41%
    Other Asian 5 $875,000 $175,000 $940 3.34%
    Asian Indian 3 $795,000 $265,000 $2,035 3.31%
    American Indian 3 $785,000 $261,667 $2,055 2.86%
    Filipino 1 $265,000 $265,000 $2,117 2.79%
    Native Hawaiian or Islander 1 $205,000 $205,000 $1,415 3.38%

    Approval Rates

    Total approvals of all applications
    90.65%

    Embassy Bank For The Lehigh Valley has an average approval rate.

    Pick Rate

    Approvals leading to origination
    91.14%

    Embassy Bank For The Lehigh Valley has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,095 $255,455,000 $233,292

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 27 $22,065,000 $817,222
    Single Family (1-4 Units):Site-Built 1,068 $233,390,000 $218,530

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 96 $12,400,000 $129,167 $1,054 3.10%
    40-60% 218 $42,440,000 $194,679 $1,578 3.06%
    60-80% 446 $115,920,000 $259,910 $2,007 3.19%
    80-100% 267 $81,195,000 $304,101 $2,734 3.40%
    Over 100% 1 $175,000 $175,000 $2,827 2.99%
    Under 20% 67 $3,325,000 $49,627 $198 3.87%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Embassy Bank For The Lehigh Valley 10 North Main Street Nazareth, PA 18064 Full Service B&M $67,632
    Embassy Bank For The Lehigh Valley 100 Gateway Drive Bethlehem, PA 18017 Full Service B&M $348,083
    Embassy Bank For The Lehigh Valley 1142 S. Cedar Crest Blvd. Allentown, PA 18103 Full Service B&M $108,139
    Embassy Bank For The Lehigh Valley 207 East Main Street Macungie, PA 18062 Full Service B&M $11,434
    Embassy Bank For The Lehigh Valley 3495 Route 378, Route 378 & Colesville Road Bethlehem, PA 18015 Full Service B&M $121,223
    Embassy Bank For The Lehigh Valley 3751 Easton-Nazareth Highway Easton, PA 18045 Full Service B&M $100,184
    Embassy Bank For The Lehigh Valley 4148 W Tilghman Street Allentown, PA 18104 Full Service B&M $195,745
    Embassy Bank For The Lehigh Valley 6379 Hamilton Boulevard, Suite G Allentown, PA 18106 Full Service B&M $109,817
    Embassy Bank For The Lehigh Valley 925 W. Broad Street Bethlehem, PA 18018 Full Service B&M $95,454

    For 2020, Embassy Bank For The Lehigh Valley had 9 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $44,329
    Net interest income $37,916
    Total noninterest income $2,317
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $216
    Trading account gains and fees $0
    Additional Noninterest Income $2,101
    Pre-tax net operating income $16,052
    Securities gains (or losses, -) $128
    Income before extraordinary items $13,169
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $13,169
    Minority interest net income $0
    Net income $13,169
    Sale, conversion, retirement of capital stock, net $201
    Net operating income $13,065

    Embassy Bank For The Lehigh Valley's gross interest income from loans was $44,329,000.
    Embassy Bank For The Lehigh Valley's net interest income from loans was $37,916,000.
    Embassy Bank For The Lehigh Valley's fee based income from loans was $216,000.
    Embassy Bank For The Lehigh Valley's net income from loans was $13,169,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $6,413
    Provision for credit losses $2,520
    Total noninterest expense $21,661
    Salaries and employee benefits $11,098
    Premises and equipment expense $3,022
    Additional noninterest expense $7,541
    Applicable income taxes $3,011
    Net charge-offs $-28
    Cash dividends $2,587

    Embassy Bank For The Lehigh Valley's interest expense for loans was $6,413,000.
    Embassy Bank For The Lehigh Valley's payroll and benefits expense were $11,098,000.
    Embassy Bank For The Lehigh Valley's property, plant and equipment expenses $3,022,000.

    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 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 $1,232,875
    Deposits held in domestic offices $1,232,875
    Deposits by Individuals, partnerships, and corporations $1,152,360
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $80,515
    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 $419,600
    Demand deposits $284,692
    Nontransaction accounts $813,275
    Money market deposit accounts (MMDAs) $50,713
    Other savings deposits (excluding MMDAs) $546,808
    Total time deposits $215,754
    Total time and savings deposits $948,183
    Noninterest-bearing deposits $270,469
    Interest-bearing deposits $962,406
    Retail deposits $1,150,353
    IRAs and Keogh plan accounts $25,459
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,442,344
    Cash & Balances due from depository institutions $131,254
    Interest-bearing balances $116,379
    Total securities $130,940
    Federal funds sold & reverse repurchase $1,000
    Net loans and leases $1,133,672
    Loan and leases loss allowance $10,570
    Trading account assets $0
    Bank premises and fixed assets $12,117
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $33,361

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,442,344
    Total Liabilities $1,330,394
    Total deposits $1,232,875
    Interest-bearing deposits $962,406
    Deposits held in domestic offices $1,232,875
    % insured (estimated) $67
    Federal funds purchased and repurchase agreements $13,612
    Trading liabilities $0
    Other borrowed funds $65,445
    Subordinated debt $0
    All other liabilities $18,462

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,133,672
    Loan and leases loss allowance $10,570
    Total loans and leases (domestic) $1,144,242
    All real estate loans $1,038,395
    Real estate loans in domestic offices $1,038,395
    Construction and development loans $11,749
    Residential 1-4 family construction $1,355
    Other construction, all land development and other land $10,394
    Loans secured by nonfarm nonresidential properties $265,122
    Nonfarm nonresidential secured by owner-occupied properties $109,114
    Commercial real estate & other non-farm, non-residential $156,008
    Multifamily residential real estate $69,280
    1-4 family residential loans $691,456
    Farmland loans $788
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $103,613
    To non-U.S. addressees $0
    Loans to individuals $637
    Credit card loans $0
    Related Plans $261
    Consumer Auto Loans $322
    Other loans to individuals $54
    All other loans & leases $1,597
    Loans to foreign governments and official institutions $0
    Other loans $6
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $4,208
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $2,378
    Non 1-4 family restructured loans & leases $1,267
    Total loans and leases (foreign) $0

    Embassy Bank For The Lehigh Valley had $1,133,672,000 of loans outstanding in 2020. $1,038,395,000 of loans were in real estate loans. $11,749,000 of loans were in development loans. $69,280,000 of loans were in multifamily mortgage loans. $691,456,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $322,000 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 298 $67,921 $227,923
    Nonfarm, nonresidential loans - <$100k 40 $1,108 $27,700
    Nonfarm, nonresidential loans - $100-250k 98 $12,692 $129,510
    Nonfarm, nonresidential loans - $250k-1MM 160 $54,121 $338,256
    Commercial & Industrial, US addressed loans - <$1MM 895 $67,400 $75,307
    Commercial & Industrial, US addressed loans - <$100k 591 $16,900 $28,596
    Commercial & Industrial, US addressed loans - $100-250k 168 $17,889 $106,482
    Commercial & Industrial, US addressed loans - $250k-1MM 136 $32,611 $239,787
    Farmland loans - <$1MM 3 $150 $50,000
    Farmland loans - <$100k 3 $150 $50,000