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, East Stroudsburg, and Cape Coral among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Embassy Bank For The Lehigh Valley has an average approval rate when compared to the average across all lenders. They have a below 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% 11/17/24
    30 Year Conventional Refi 6.27% 11/17/24
    15 Year Conventional Purchase 5.13% 11/17/24
    15 Year Conventional Refi 5.65% 11/17/24
    15 Year Cash-out Refi 5.65% 11/17/24
    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

    975

    Origination Dollar Volume (All Markets)

    $233,395,000

    Employee count

    106

    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) 947 $222,565,000 $235,021 $1,925 3.10%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 17 $7,495,000 $440,882 $3,475 2.93%
    READING, PA (FHA|USDA|VA) 7 $2,325,000 $332,143 $3,193 2.97%
    Outside of Metro Areas 1 $555,000 $555,000 $3,550 2.50%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $235,000 $235,000 $3,660 2.93%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $155,000 $155,000 $2,449 2.65%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $65,000 $65,000 $1,395 2.99%
    Embassy Bank For The Lehigh Valley's top markets include Allentown, Philadelphia, Reading, East Stroudsburg, and Cape Coral among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 975 $233,395,000 $239,379 $1,968 3.09%

    For 2021, Embassy Bank For The Lehigh Valley's most frequently originated type of loan was Conventional, with 975 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 653 $149,445,000 $228,859 $1,694 2.96%
    Home Purchase 243 $75,145,000 $309,239 $3,651 3.31%
    Home Improvement 45 $3,965,000 $88,111 $480 3.61%
    Other 34 $4,840,000 $142,353 $878 3.32%

    For 2021, Embassy Bank For The Lehigh Valley's most frequently cited loan purpose was Refi, with 653 originations. The 2nd most popular reason was Home Purchase, with 243 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 582 $143,780,000 $247,045 $2,001 3.10%
    15 Year 236 $63,750,000 $270,127 $2,328 2.87%
    20 Year 89 $19,725,000 $221,629 $1,664 3.33%
    10 Year 48 $4,760,000 $99,167 $643 3.41%
    5 Year 8 $320,000 $40,000 $128 3.57%
    30 Year 7 $925,000 $132,143 $2,274 3.73%
    3 Year 5 $135,000 $27,000 $80 3.64%

    For 2021, Embassy Bank For The Lehigh Valley's most frequently cited loan duration was Other, with 582 originations. The 2nd most popular length was 15 Year, with 236 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 404 $86,470,000 $214,035
    $<1k 334 $64,760,000 $193,892
    $2k-3k 82 $34,670,000 $422,805
    $3k-4k 7 $5,305,000 $757,857
    $5k+ 1 $3,405,000 $3,405,000

    Embassy Bank For The Lehigh Valley's average total fees were $2,274, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 404 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 469 $116,775,000 $248,987
    3-4% 327 $83,705,000 $255,979
    <2.5% 109 $22,125,000 $202,982
    4-5% 70 $10,790,000 $154,143

    During 2021, Embassy Bank For The Lehigh Valley's average interest rate for loans was 3.73%, while their most frequently originated rate bucket for loans was 2.5-3%, with 469 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 352 $52,470,000 $149,063 $1,366 3.03%
    $200k-400k 341 $93,175,000 $273,240 $2,270 3.03%
    $100,000 or less 165 $11,045,000 $66,939 $666 3.36%
    $400k-600k 75 $36,075,000 $481,000 $3,753 3.01%
    $600k-1MM 27 $19,235,000 $712,407 $5,879 3.22%
    $1MM+ 15 $21,395,000 $1,426,333 $10,196 3.10%

    2021 saw Embassy Bank For The Lehigh Valley place emphasis on $100k-200k loans with 352 originations, totaling $52,470,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 212 $53,600,000 $252,830 $2,044 2.98%
    $100k-150k 207 $44,395,000 $214,469 $1,906 3.00%
    $50k-75k 135 $20,415,000 $151,222 $1,412 2.96%
    $75k-100k 134 $24,390,000 $182,015 $1,584 2.93%
    $250k+ 107 $49,825,000 $465,654 $3,920 3.07%
    $50k or less 67 $7,525,000 $112,313 $1,261 2.97%

    Embassy Bank For The Lehigh Valley lent most frequently to those with incomes in the $150k-250k range, with 212 originations. The second most popular income band? $100k-150k, with 207 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 312 $72,490,000 $232,340 $1,904 2.94%
    <20% 161 $37,685,000 $234,068 $1,889 2.90%
    30-36% 160 $34,890,000 $218,063 $1,876 2.97%
    40% 26 $6,130,000 $235,769 $2,229 3.02%
    36% 24 $4,630,000 $192,917 $1,701 3.13%
    39% 22 $4,320,000 $196,364 $1,665 2.99%
    >60% 20 $7,450,000 $372,500 $2,920 2.84%
    50-60% 19 $4,965,000 $261,316 $2,508 2.86%
    41% 19 $5,065,000 $266,579 $2,327 3.16%
    37% 19 $3,315,000 $174,474 $1,458 3.12%
    38% 15 $4,005,000 $267,000 $2,502 3.04%
    47% 11 $2,845,000 $258,636 $2,437 3.00%
    44% 10 $2,600,000 $260,000 $2,255 2.99%
    43% 10 $3,160,000 $316,000 $3,035 2.85%
    42% 10 $1,530,000 $153,000 $1,893 3.06%
    45% 5 $2,055,000 $411,000 $2,901 3.00%
    46% 4 $660,000 $165,000 $1,296 2.93%
    49% 3 $395,000 $131,667 $1,659 2.80%
    48% 2 $440,000 $220,000 $2,383 2.74%

    Embassy Bank For The Lehigh Valley lent most frequently to those with DTI ratios of 20-30%, with 312 originations. The next most common DTI ratio? <20%, with 161 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 768 $184,130,000 $239,753 $2,000 2.97%
    Not applicable 96 $27,870,000 $290,313 $0 4.06%
    Not provided 75 $14,375,000 $191,667 $1,696 3.01%
    Asian 22 $4,520,000 $205,455 $1,969 3.18%
    Black 8 $1,540,000 $192,500 $2,095 3.01%
    Other Asian 1 $405,000 $405,000 $0 4.33%
    Other Pacific Islander 2 $210,000 $105,000 $673 3.81%
    Asian Indian 1 $155,000 $155,000 $1,165 2.79%
    American Indian 1 $105,000 $105,000 $906 2.79%
    Native Hawaiian 1 $85,000 $85,000 $0 4.15%

    Approval Rates

    Total approvals of all applications
    87.87%

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

    Pick Rate

    Approvals leading to origination
    89.23%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 975 $233,395,000 $239,379

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    975 $233,395,000 $239,379

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 124 $16,110,000 $129,919 $1,085 2.84%
    40-60% 212 $43,440,000 $204,906 $1,621 2.89%
    60-80% 374 $107,830,000 $288,316 $2,311 3.10%
    80-100% 205 $61,895,000 $301,927 $2,994 3.29%
    Over 100% 1 $195,000 $195,000 $2,908 3.20%
    Under 20% 59 $3,925,000 $66,525 $423 3.55%

    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 $85,546
    Embassy Bank For The Lehigh Valley 100 Gateway Drive Bethlehem, PA 18017 Full Service B&M $399,910
    Embassy Bank For The Lehigh Valley 1142 S. Cedar Crest Blvd. Allentown, PA 18103 Full Service B&M $129,672
    Embassy Bank For The Lehigh Valley 180 West Main Street Macungie, PA 18062 Full Service B&M $28,646
    Embassy Bank For The Lehigh Valley 3495 Route 378, Route 378 & Colesville Road Bethlehem, PA 18015 Full Service B&M $146,926
    Embassy Bank For The Lehigh Valley 3751 Easton-Nazareth Highway Easton, PA 18045 Full Service B&M $122,542
    Embassy Bank For The Lehigh Valley 4148 W Tilghman Street Allentown, PA 18104 Full Service B&M $216,289
    Embassy Bank For The Lehigh Valley 6379 Hamilton Boulevard, Suite G Allentown, PA 18106 Full Service B&M $117,766
    Embassy Bank For The Lehigh Valley 925 W. Broad Street Bethlehem, PA 18018 Full Service B&M $103,615

    For 2021, Embassy Bank For The Lehigh Valley had 9 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $47,506
    Net interest income $43,494
    Total noninterest income $2,376
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $243
    Trading account gains and fees $0
    Additional Noninterest Income $2,133
    Pre-tax net operating income $21,310
    Securities gains (or losses, -) $24
    Income before extraordinary items $17,171
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $17,171
    Minority interest net income $0
    Net income $17,171
    Sale, conversion, retirement of capital stock, net $307
    Net operating income $17,151

    Embassy Bank For The Lehigh Valley's gross interest income from loans was $47,506,000.
    Embassy Bank For The Lehigh Valley's net interest income from loans was $43,494,000.
    Embassy Bank For The Lehigh Valley's fee based income from loans was $243,000.
    Embassy Bank For The Lehigh Valley's net income from loans was $17,171,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,012
    Provision for credit losses $915
    Total noninterest expense $23,645
    Salaries and employee benefits $12,150
    Premises and equipment expense $3,397
    Additional noninterest expense $8,098
    Applicable income taxes $4,163
    Net charge-offs $1
    Cash dividends $2,971

    Embassy Bank For The Lehigh Valley's interest expense for loans was $4,012,000.
    Embassy Bank For The Lehigh Valley's payroll and benefits expense were $12,150,000.
    Embassy Bank For The Lehigh Valley's property, plant and equipment expenses $3,397,000.

    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 $1,467,539
    Deposits held in domestic offices $1,467,539
    Deposits by Individuals, partnerships, and corporations $1,379,014
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $88,525
    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 $516,481
    Demand deposits $360,483
    Nontransaction accounts $951,058
    Money market deposit accounts (MMDAs) $55,915
    Other savings deposits (excluding MMDAs) $739,669
    Total time deposits $155,474
    Total time and savings deposits $1,107,056
    Noninterest-bearing deposits $323,994
    Interest-bearing deposits $1,143,545
    Retail deposits $1,413,550
    IRAs and Keogh plan accounts $25,351
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,633,617
    Cash & Balances due from depository institutions $169,157
    Interest-bearing balances $153,448
    Total securities $310,264
    Federal funds sold & reverse repurchase $1,000
    Net loans and leases $1,105,123
    Loan and leases loss allowance $11,484
    Trading account assets $0
    Bank premises and fixed assets $12,554
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $35,519

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,633,617
    Total Liabilities $1,511,291
    Total deposits $1,467,539
    Interest-bearing deposits $1,143,545
    Deposits held in domestic offices $1,467,539
    % insured (estimated) $61
    Federal funds purchased and repurchase agreements $11,252
    Trading liabilities $0
    Other borrowed funds $14,651
    Subordinated debt $0
    All other liabilities $17,849

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,105,123
    Loan and leases loss allowance $11,484
    Total loans and leases (domestic) $1,116,607
    All real estate loans $1,063,815
    Real estate loans in domestic offices $1,063,815
    Construction and development loans $7,760
    Residential 1-4 family construction $595
    Other construction, all land development and other land $7,165
    Loans secured by nonfarm nonresidential properties $255,371
    Nonfarm nonresidential secured by owner-occupied properties $103,604
    Commercial real estate & other non-farm, non-residential $151,767
    Multifamily residential real estate $67,684
    1-4 family residential loans $732,933
    Farmland loans $67
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $49,810
    To non-U.S. addressees $0
    Loans to individuals $638
    Credit card loans $0
    Related Plans $247
    Consumer Auto Loans $220
    Other loans to individuals $171
    All other loans & leases $2,344
    Loans to foreign governments and official institutions $0
    Other loans $717
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $3,916
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $2,337
    Non 1-4 family restructured loans & leases $1,249
    Total loans and leases (foreign) $0

    Embassy Bank For The Lehigh Valley had $1,105,123,000 of loans outstanding in 2021. $1,063,815,000 of loans were in real estate loans. $7,760,000 of loans were in development loans. $67,684,000 of loans were in multifamily mortgage loans. $732,933,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $220,000 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 290 $67,177 $231,645
    Nonfarm, nonresidential loans - <$100k 37 $948 $25,622
    Nonfarm, nonresidential loans - $100-250k 92 $11,007 $119,641
    Nonfarm, nonresidential loans - $250k-1MM 161 $55,222 $342,994
    Commercial & Industrial, US addressed loans - <$1MM 443 $29,492 $66,573
    Commercial & Industrial, US addressed loans - <$100k 252 $4,899 $19,440
    Commercial & Industrial, US addressed loans - $100-250k 91 $6,460 $70,989
    Commercial & Industrial, US addressed loans - $250k-1MM 100 $18,133 $181,330
    Farmland loans - <$1MM 2 $66 $33,000
    Farmland loans - <$100k 2 $66 $33,000