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

    Katahdin Trust Company 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

    293

    Origination Dollar Volume (All Markets)

    $55,025,000

    Employee count

    171

    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) 34 $17,200,000 $505,882 $0 0.00%
    Outside of Metro Areas 163 $16,885,000 $103,589 $0 0.00%
    BANGOR, ME (FHA|USDA|VA) 88 $16,300,000 $185,227 $0 0.00%
    Augusta-Waterville, ME (FHA|USDA|VA) 3 $3,035,000 $1,011,667 $0 0.00%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $1,035,000 $1,035,000 $0 0.00%
    LEWISTON-AUBURN, ME (FHA|USDA|VA) 3 $445,000 $148,333 $0 0.00%
    Berlin, NH (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
    Katahdin Trust Company's top markets include Portland, Bangor, Augusta, Cape Coral, and Lewiston among others.

    Their top states include:
  • Maine (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • New Hampshire (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 290 $54,680,000 $188,552 $0 0.00%
    USDA 3 $345,000 $115,000 $0 0.00%

    For 2019, Katahdin Trust Company's most frequently originated type of loan was Conventional, with 290 originations. Their 2nd most popular type was USDA, with 3 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 154 $31,330,000 $203,442 $0 0.00%
    Refi 99 $18,335,000 $185,202 $0 0.00%
    Home Improvement 22 $4,250,000 $193,182 $0 0.00%
    Other 18 $1,110,000 $61,667 $0 0.00%

    For 2019, Katahdin Trust Company's most frequently cited loan purpose was Home Purchase, with 154 originations. The 2nd most popular reason was Refi, with 99 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 293 $55,025,000 $187,799 $0 0.00%

    For 2019, Katahdin Trust Company's most frequently cited loan duration was Other, with 293 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 129 $7,315,000 $56,705 $0 0.00%
    $100k-200k 96 $13,550,000 $141,146 $0 0.00%
    $200k-400k 48 $12,540,000 $261,250 $0 0.00%
    $1MM+ 10 $15,750,000 $1,575,000 $0 0.00%
    $400k-600k 6 $2,760,000 $460,000 $0 0.00%
    $600k-1MM 4 $3,110,000 $777,500 $0 0.00%

    2019 saw Katahdin Trust Company place emphasis on $100,000 or less loans with 129 originations, totaling $7,315,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 62 $6,280,000 $101,290 $0 0.00%
    $50k or less 49 $3,235,000 $66,020 $0 0.00%
    $100k-150k 39 $6,425,000 $164,744 $0 0.00%
    $75k-100k 37 $4,185,000 $113,108 $0 0.00%
    $150k-250k 12 $2,470,000 $205,833 $0 0.00%
    $250k+ 10 $1,460,000 $146,000 $0 0.00%

    Katahdin Trust Company lent most frequently to those with incomes in the $50k-75k range, with 62 originations. The second most popular income band? $50k or less, with 49 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 293 $55,025,000 $187,799 $0 0.00%

    Katahdin Trust Company lent most frequently to those with DTI ratios of Exempt%, with 293 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 68 $28,710,000 $422,206 $0 0.00%
    White 217 $25,365,000 $116,889 $0 0.00%
    Chinese 1 $295,000 $295,000 $0 0.00%
    Not provided 4 $220,000 $55,000 $0 0.00%
    Other Asian 1 $195,000 $195,000 $0 0.00%
    Asian 1 $135,000 $135,000 $0 0.00%
    Black 1 $105,000 $105,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.51%

    Katahdin Trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.01%

    Katahdin Trust Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 293 $55,025,000 $187,799

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 30 $21,140,000 $704,667
    Single Family (1-4 Units):Manufactured 17 $945,000 $55,588
    Single Family (1-4 Units):Site-Built 246 $32,940,000 $133,902

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Katahdin Trust Company 20 Katahdin Lane Houlton, ME 4730 Limited, Administrative $0
    Katahdin Trust Company 6 North Street Presque Isle, ME 4769 Full Service B&M $78,954
    Katahdin Trust Company 1007 Crystal Road Island Falls, ME 4747 Full Service B&M $15,602
    Katahdin Trust Company 105 Bennett Drive Caribou, ME 4736 Full Service B&M $69,363
    Katahdin Trust Company 11 Main Street Patten, ME 4765 Full Service B&M $181,919
    Katahdin Trust Company 144 Us Route 1 Scarborough, ME 4074 Full Service B&M $29,483
    Katahdin Trust Company 17 Main Street Ashland, ME 4732 Full Service B&M $19,059
    Katahdin Trust Company 200 Oakfield Smyrna Road Oakfield, ME 4763 Full Service B&M $11,296
    Katahdin Trust Company 28 Main Street Mars Hill, ME 4758 Full Service B&M $25,839
    Katahdin Trust Company 29 Main Street Van Buren, ME 4785 Full Service B&M $19,950
    Katahdin Trust Company 290 Main Street Fort Fairfield, ME 4742 Full Service B&M $14,271
    Katahdin Trust Company 3440 Aroostook Road Eagle Lake, ME 4739 Full Service B&M $19,353
    Katahdin Trust Company 52 Springer Drive Bangor, ME 4401 Full Service B&M $61,270
    Katahdin Trust Company 57 Western Avenue Hampden, ME 4444 Full Service B&M $19,291
    Katahdin Trust Company 609 Broadway Bangor, ME 4401 Full Service B&M $31,608
    Katahdin Trust Company 65 North Street Houlton, ME 4730 Full Service B&M $60,935
    Katahdin Trust Company 79 West Main Street Fort Kent, ME 4743 Full Service B&M $33,241

    For 2019, Katahdin Trust Company had 17 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $36,684
    Net interest income $28,635
    Total noninterest income $4,501
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,076
    Trading account gains and fees $0
    Additional Noninterest Income $3,425
    Pre-tax net operating income $10,572
    Securities gains (or losses, -) $138
    Income before extraordinary items $8,698
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $8,698
    Minority interest net income $0
    Net income $8,698
    Sale, conversion, retirement of capital stock, net $100
    Net operating income $8,586

    Katahdin Trust Company's gross interest income from loans was $36,684,000.
    Katahdin Trust Company's net interest income from loans was $28,635,000.
    Katahdin Trust Company's fee based income from loans was $1,076,000.
    Katahdin Trust Company's net income from loans was $8,698,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $8,049
    Provision for credit losses $460
    Total noninterest expense $22,104
    Salaries and employee benefits $13,625
    Premises and equipment expense $3,271
    Additional noninterest expense $5,208
    Applicable income taxes $2,012
    Net charge-offs $23
    Cash dividends $2,964

    Katahdin Trust Company's interest expense for loans was $8,049,000.
    Katahdin Trust Company's payroll and benefits expense were $13,625,000.
    Katahdin Trust Company's property, plant and equipment expenses $3,271,000.

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

    Deposits

    Type Value (in 000's)
    Total deposits $718,198
    Deposits held in domestic offices $718,198
    Deposits by Individuals, partnerships, and corporations $545,790
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $127,886
    Deposits by Commercial banks and other depository institutions in U.S. $44,521
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $153,736
    Demand deposits $125,381
    Nontransaction accounts $564,461
    Money market deposit accounts (MMDAs) $145,073
    Other savings deposits (excluding MMDAs) $218,510
    Total time deposits $200,879
    Total time and savings deposits $592,816
    Noninterest-bearing deposits $145,202
    Interest-bearing deposits $572,996
    Retail deposits $609,186
    IRAs and Keogh plan accounts $16,277
    Brokered deposits $83,774
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $850,692
    Cash & Balances due from depository institutions $17,350
    Interest-bearing balances $3,389
    Total securities $100,863
    Federal funds sold & reverse repurchase $0
    Net loans and leases $694,823
    Loan and leases loss allowance $6,293
    Trading account assets $0
    Bank premises and fixed assets $10,202
    Other real estate owned $69
    Goodwill and other intangibles $5,699
    All other assets $21,686

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $850,692
    Total Liabilities $764,551
    Total deposits $718,198
    Interest-bearing deposits $572,996
    Deposits held in domestic offices $718,198
    % insured (estimated) $89
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $37,987
    Subordinated debt $0
    All other liabilities $8,366

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $694,823
    Loan and leases loss allowance $6,293
    Total loans and leases (domestic) $701,116
    All real estate loans $516,013
    Real estate loans in domestic offices $516,013
    Construction and development loans $22,612
    Residential 1-4 family construction $10,928
    Other construction, all land development and other land $11,684
    Loans secured by nonfarm nonresidential properties $227,772
    Nonfarm nonresidential secured by owner-occupied properties $68,072
    Commercial real estate & other non-farm, non-residential $159,700
    Multifamily residential real estate $77,246
    1-4 family residential loans $183,752
    Farmland loans $4,631
    Loans held in foreign offices $0
    Farm loans $1,694
    Commercial and industrial loans $167,841
    To non-U.S. addressees $0
    Loans to individuals $7,772
    Credit card loans $0
    Related Plans $202
    Consumer Auto Loans $1,878
    Other loans to individuals $5,692
    All other loans & leases $7,795
    Loans to foreign governments and official institutions $0
    Other loans $956
    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 $1,138
    Non 1-4 family restructured loans & leases $711
    Total loans and leases (foreign) $0

    Katahdin Trust Company had $694,823,000 of loans outstanding in 2019. $516,013,000 of loans were in real estate loans. $22,612,000 of loans were in development loans. $77,246,000 of loans were in multifamily mortgage loans. $183,752,000 of loans were in 1-4 family mortgage loans. $1,694,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,878,000 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 376 $67,385 $179,215
    Nonfarm, nonresidential loans - <$100k 149 $5,763 $38,678
    Nonfarm, nonresidential loans - $100-250k 119 $14,998 $126,034
    Nonfarm, nonresidential loans - $250k-1MM 108 $46,624 $431,704
    Commercial & Industrial, US addressed loans - <$1MM 3,141 $129,343 $41,179
    Commercial & Industrial, US addressed loans - <$100k 2,617 $57,289 $21,891
    Commercial & Industrial, US addressed loans - $100-250k 365 $34,228 $93,775
    Commercial & Industrial, US addressed loans - $250k-1MM 159 $37,826 $237,899
    Farmland loans - <$1MM 34 $2,655 $78,088
    Farmland loans - <$100k 19 $486 $25,579
    Farmland loans - $100-250k 11 $1,033 $93,909
    Farmland loans - $250k-1MM 4 $1,136 $284,000
    Agriculture operations loans - <$1MM 31 $1,685 $54,355
    Agriculture operations loans - <$100k 20 $222 $11,100
    Agriculture operations loans - $100-250k 8 $647 $80,875
    Agriculture operations loans - $250k-1MM 3 $816 $272,000