Katahdin Trust Company Mortgage Rates, Fees & Info

Patten, ME

LEI: 549300PRPWWDL1RI5M21

Tax ID: 01-0099500

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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

    Katahdin Trust Company is a smaller mortgage company specializing in Home Purchase and Refi loans. Katahdin Trust Company has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Portland, Bangor, Augusta, and Lewiston among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Katahdin Trust Company has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.

    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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    Originations

    243

    Origination Dollar Volume (All Markets)

    $47,235,000

    Employee count

    173

    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
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 36 $20,070,000 $557,500 $0 0.00%
    Outside of Metro Areas 130 $14,870,000 $114,385 $0 0.00%
    BANGOR, ME (FHA|USDA|VA) 68 $11,420,000 $167,941 $0 0.00%
    Augusta-Waterville, ME (FHA|USDA|VA) 4 $480,000 $120,000 $0 0.00%
    LEWISTON-AUBURN, ME (FHA|USDA|VA) 5 $395,000 $79,000 $0 0.00%
    Katahdin Trust Company's top markets include Portland, Bangor, Augusta, and Lewiston among others.

    Their top states include:
  • Maine (FHA|USDA|VA)
  • Connecticut (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 241 $47,035,000 $195,166 $0 0.00%
    USDA 2 $200,000 $100,000 $0 0.00%

    For 2018, Katahdin Trust Company's most frequently originated type of loan was Conventional, with 241 originations. Their 2nd most popular type was USDA, with 2 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 147 $33,055,000 $224,864 $0 0.00%
    Refi 68 $11,760,000 $172,941 $0 0.00%
    Home Improvement 23 $2,045,000 $88,913 $0 0.00%
    Other 5 $375,000 $75,000 $0 0.00%

    For 2018, Katahdin Trust Company's most frequently cited loan purpose was Home Purchase, with 147 originations. The 2nd most popular reason was Refi, with 68 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 243 $47,235,000 $194,383 $0 0.00%

    For 2018, Katahdin Trust Company's most frequently cited loan duration was Other, with 243 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 107 $5,755,000 $53,785 $0 0.00%
    $100k-200k 69 $9,465,000 $137,174 $0 0.00%
    $200k-400k 41 $11,675,000 $284,756 $0 0.00%
    $400k-600k 13 $6,085,000 $468,077 $0 0.00%
    $600k-1MM 7 $5,355,000 $765,000 $0 0.00%
    $1MM+ 6 $8,900,000 $1,483,333 $0 0.00%

    2018 saw Katahdin Trust Company place emphasis on $100,000 or less loans with 107 originations, totaling $5,755,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 40 $4,360,000 $109,000 $0 0.00%
    $50k or less 34 $1,940,000 $57,059 $0 0.00%
    $100k-150k 33 $5,045,000 $152,879 $0 0.00%
    $150k-250k 24 $4,800,000 $200,000 $0 0.00%
    $75k-100k 21 $2,385,000 $113,571 $0 0.00%
    $250k+ 15 $4,765,000 $317,667 $0 0.00%

    Katahdin Trust Company lent most frequently to those with incomes in the $50k-75k range, with 40 originations. The second most popular income band? $50k or less, with 34 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 243 $47,235,000 $194,383 $0 0.00%

    Katahdin Trust Company lent most frequently to those with DTI ratios of Exempt%, with 243 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 68 $22,930,000 $337,206 $0 0.00%
    White 164 $22,760,000 $138,780 $0 0.00%
    Not provided 7 $805,000 $115,000 $0 0.00%
    Black 1 $325,000 $325,000 $0 0.00%
    American Indian 2 $320,000 $160,000 $0 0.00%
    Asian 1 $95,000 $95,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    83.65%

    Katahdin Trust Company has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    91.36%

    Katahdin Trust Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 243 $47,235,000 $194,383

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 2 $650,000 $325,000
    Multifamily:Site-Built 31 $17,635,000 $568,871
    Single Family (1-4 Units):Manufactured 14 $1,080,000 $77,143
    Single Family (1-4 Units):Site-Built 196 $27,870,000 $142,194

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Katahdin Trust Company 1007 Crystal Road Island Falls, ME 4747 Full Service B&M $16,020
    Katahdin Trust Company 105 Bennett Drive Caribou, ME 4736 Full Service B&M $55,937
    Katahdin Trust Company 11 Main Street Patten, ME 4765 Full Service B&M $142,634
    Katahdin Trust Company 144 Us Route 1 Scarborough, ME 4074 Full Service B&M $32,633
    Katahdin Trust Company 17 Main Street Ashland, ME 4732 Full Service B&M $19,329
    Katahdin Trust Company 20 Katahdin Lane Houlton, ME 4730 Limited, Administrative $0
    Katahdin Trust Company 200 Oakfield Smyrna Road Oakfield, ME 4763 Full Service B&M $11,620
    Katahdin Trust Company 28 Main Street Mars Hill, ME 4758 Full Service B&M $26,376
    Katahdin Trust Company 29 Main Street Van Buren, ME 4785 Full Service B&M $20,015
    Katahdin Trust Company 290 Main Street Fort Fairfield, ME 4742 Full Service B&M $13,235
    Katahdin Trust Company 3440 Aroostook Road Eagle Lake, ME 4739 Full Service B&M $18,529
    Katahdin Trust Company 52 Springer Drive Bangor, ME 4401 Full Service B&M $57,904
    Katahdin Trust Company 57 Western Avenue Hampden, ME 4444 Full Service B&M $19,775
    Katahdin Trust Company 6 North Street Presque Isle, ME 4769 Full Service B&M $80,279
    Katahdin Trust Company 609 Broadway Bangor, ME 4401 Full Service B&M $28,961
    Katahdin Trust Company 65 North Street Houlton, ME 4730 Full Service B&M $59,278
    Katahdin Trust Company 79 West Main Street Fort Kent, ME 4743 Full Service B&M $31,395

    For 2018, Katahdin Trust Company had 17 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $33,645
    Net interest income $27,066
    Total noninterest income $3,850
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,115
    Trading account gains and fees $0
    Additional Noninterest Income $2,735
    Pre-tax net operating income $9,266
    Securities gains (or losses, -) $0
    Income before extraordinary items $7,426
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $7,426
    Minority interest net income $0
    Net income $7,426
    Sale, conversion, retirement of capital stock, net $32
    Net operating income $7,426

    Katahdin Trust Company's gross interest income from loans was $33,645,000.
    Katahdin Trust Company's net interest income from loans was $27,066,000.
    Katahdin Trust Company's fee based income from loans was $1,115,000.
    Katahdin Trust Company's net income from loans was $7,426,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $6,579
    Provision for credit losses $180
    Total noninterest expense $21,470
    Salaries and employee benefits $13,060
    Premises and equipment expense $3,296
    Additional noninterest expense $5,114
    Applicable income taxes $1,840
    Net charge-offs $373
    Cash dividends $2,554

    Katahdin Trust Company's interest expense for loans was $6,579,000.
    Katahdin Trust Company's payroll and benefits expense were $13,060,000.
    Katahdin Trust Company's property, plant and equipment expenses $3,296,000.

    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 1.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 1.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $657,225
    Deposits held in domestic offices $657,225
    Deposits by Individuals, partnerships, and corporations $570,327
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $58,620
    Deposits by Commercial banks and other depository institutions in U.S. $28,278
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $55,054
    Demand deposits $35,408
    Nontransaction accounts $602,171
    Money market deposit accounts (MMDAs) $195,119
    Other savings deposits (excluding MMDAs) $221,643
    Total time deposits $185,408
    Total time and savings deposits $621,817
    Noninterest-bearing deposits $119,533
    Interest-bearing deposits $537,692
    Retail deposits $424,208
    IRAs and Keogh plan accounts $15,851
    Brokered deposits $217,165
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $802,900
    Cash & Balances due from depository institutions $16,884
    Interest-bearing balances $1,863
    Total securities $93,153
    Federal funds sold & reverse repurchase $0
    Net loans and leases $654,719
    Loan and leases loss allowance $5,856
    Trading account assets $0
    Bank premises and fixed assets $10,558
    Other real estate owned $16
    Goodwill and other intangibles $5,699
    All other assets $21,871

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $802,900
    Total Liabilities $724,606
    Total deposits $657,225
    Interest-bearing deposits $537,692
    Deposits held in domestic offices $657,225
    % insured (estimated) $91
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $58,801
    Subordinated debt $0
    All other liabilities $8,580

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $654,719
    Loan and leases loss allowance $5,856
    Total loans and leases (domestic) $660,575
    All real estate loans $486,280
    Real estate loans in domestic offices $486,280
    Construction and development loans $13,899
    Residential 1-4 family construction $5,827
    Other construction, all land development and other land $8,072
    Loans secured by nonfarm nonresidential properties $224,641
    Nonfarm nonresidential secured by owner-occupied properties $62,697
    Commercial real estate & other non-farm, non-residential $161,944
    Multifamily residential real estate $67,037
    1-4 family residential loans $176,822
    Farmland loans $3,881
    Loans held in foreign offices $0
    Farm loans $1,510
    Commercial and industrial loans $157,521
    To non-U.S. addressees $0
    Loans to individuals $8,964
    Credit card loans $0
    Related Plans $211
    Consumer Auto Loans $2,507
    Other loans to individuals $6,246
    All other loans & leases $6,300
    Loans to foreign governments and official institutions $0
    Other loans $752
    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 $3,096
    Non 1-4 family restructured loans & leases $2,170
    Total loans and leases (foreign) $0

    Katahdin Trust Company had $654,719,000 of loans outstanding in 2018. $486,280,000 of loans were in real estate loans. $13,899,000 of loans were in development loans. $67,037,000 of loans were in multifamily mortgage loans. $176,822,000 of loans were in 1-4 family mortgage loans. $1,510,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,507,000 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 378 $71,393 $188,870
    Nonfarm, nonresidential loans - <$100k 140 $5,599 $39,993
    Nonfarm, nonresidential loans - $100-250k 120 $15,816 $131,800
    Nonfarm, nonresidential loans - $250k-1MM 118 $49,978 $423,542
    Commercial & Industrial, US addressed loans - <$1MM 3,246 $126,544 $38,985
    Commercial & Industrial, US addressed loans - <$100k 2,757 $59,581 $21,611
    Commercial & Industrial, US addressed loans - $100-250k 342 $31,415 $91,857
    Commercial & Industrial, US addressed loans - $250k-1MM 147 $35,548 $241,823
    Farmland loans - <$1MM 40 $3,881 $97,025
    Farmland loans - <$100k 40 $3,881 $97,025
    Agriculture operations loans - <$1MM 41 $1,510 $36,829
    Agriculture operations loans - <$100k 41 $1,510 $36,829