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 Refi and Home Purchase 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, Boston, and Lewiston among others. We have data for 6 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 a below average pick rate when compared to similar lenders.

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    Originations

    461

    Origination Dollar Volume (All Markets)

    $100,905,000

    Employee count

    161

    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
    Outside of Metro Areas 271 $36,115,000 $133,266 $0 0.00%
    PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 59 $36,025,000 $610,593 $0 0.00%
    BANGOR, ME (FHA|USDA|VA) 123 $27,375,000 $222,561 $0 0.00%
    Augusta-Waterville, ME (FHA|USDA|VA) 5 $815,000 $163,000 $0 0.00%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 2 $470,000 $235,000 $0 0.00%
    LEWISTON-AUBURN, ME (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
    Katahdin Trust Company's top markets include Portland, Bangor, Augusta, Boston, and Lewiston among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 457 $100,515,000 $219,945 $0 0.00%
    USDA 4 $390,000 $97,500 $0 0.00%

    For 2020, Katahdin Trust Company's most frequently originated type of loan was Conventional, with 457 originations. Their 2nd most popular type was USDA, with 4 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 221 $42,425,000 $191,968 $0 0.00%
    Home Purchase 211 $56,385,000 $267,227 $0 0.00%
    Other 18 $1,130,000 $62,778 $0 0.00%
    Home Improvement 11 $965,000 $87,727 $0 0.00%

    For 2020, Katahdin Trust Company's most frequently cited loan purpose was Refi, with 221 originations. The 2nd most popular reason was Home Purchase, with 211 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 461 $100,905,000 $218,883 $0 0.00%

    For 2020, Katahdin Trust Company's most frequently cited loan duration was Other, with 461 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 187 $26,965,000 $144,198 $0 0.00%
    $100,000 or less 140 $8,780,000 $62,714 $0 0.00%
    $200k-400k 99 $26,045,000 $263,081 $0 0.00%
    $600k-1MM 13 $10,175,000 $782,692 $0 0.00%
    $1MM+ 11 $24,155,000 $2,195,909 $0 0.00%
    $400k-600k 11 $4,785,000 $435,000 $0 0.00%

    2020 saw Katahdin Trust Company place emphasis on $100k-200k loans with 187 originations, totaling $26,965,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 92 $14,620,000 $158,913 $0 0.00%
    $50k-75k 78 $9,330,000 $119,615 $0 0.00%
    $75k-100k 69 $9,865,000 $142,971 $0 0.00%
    $150k-250k 59 $11,345,000 $192,288 $0 0.00%
    $50k or less 53 $4,075,000 $76,887 $0 0.00%
    $250k+ 25 $6,525,000 $261,000 $0 0.00%

    Katahdin Trust Company lent most frequently to those with incomes in the $100k-150k range, with 92 originations. The second most popular income band? $50k-75k, with 78 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 461 $100,905,000 $218,883 $0 0.00%

    Katahdin Trust Company lent most frequently to those with DTI ratios of Exempt%, with 461 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 358 $50,780,000 $141,844 $0 0.00%
    Not applicable 72 $43,190,000 $599,861 $0 0.00%
    Not provided 27 $6,455,000 $239,074 $0 0.00%
    Asian 2 $340,000 $170,000 $0 0.00%
    American Indian 1 $125,000 $125,000 $0 0.00%
    Black 1 $15,000 $15,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.10%

    Katahdin Trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    87.64%

    Katahdin Trust Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 461 $100,905,000 $218,883

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 41 $37,685,000 $919,146
    Single Family (1-4 Units):Manufactured 13 $1,145,000 $88,077
    Single Family (1-4 Units):Site-Built 407 $62,075,000 $152,518

    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 $17,284
    Katahdin Trust Company 105 Bennett Drive Caribou, ME 4736 Full Service B&M $94,612
    Katahdin Trust Company 11 Main Street Patten, ME 4765 Full Service B&M $167,349
    Katahdin Trust Company 144 Us Route 1 Scarborough, ME 4074 Full Service B&M $32,262
    Katahdin Trust Company 17 Main Street Ashland, ME 4732 Full Service B&M $20,675
    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 $12,422
    Katahdin Trust Company 28 Main Street Mars Hill, ME 4758 Full Service B&M $30,510
    Katahdin Trust Company 29 Main Street Van Buren, ME 4785 Full Service B&M $24,356
    Katahdin Trust Company 290 Main Street Fort Fairfield, ME 4742 Full Service B&M $14,344
    Katahdin Trust Company 3440 Aroostook Road Eagle Lake, ME 4739 Full Service B&M $20,561
    Katahdin Trust Company 52 Springer Drive Bangor, ME 4401 Full Service B&M $90,897
    Katahdin Trust Company 57 Western Avenue Hampden, ME 4444 Full Service B&M $28,644
    Katahdin Trust Company 6 North Street Presque Isle, ME 4769 Full Service B&M $106,735
    Katahdin Trust Company 609 Broadway Bangor, ME 4401 Full Service B&M $44,771
    Katahdin Trust Company 65 North Street Houlton, ME 4730 Full Service B&M $89,445
    Katahdin Trust Company 79 West Main Street Fort Kent, ME 4743 Full Service B&M $55,310

    For 2020, Katahdin Trust Company had 17 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $37,141
    Net interest income $31,779
    Total noninterest income $4,870
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $786
    Trading account gains and fees $0
    Additional Noninterest Income $4,084
    Pre-tax net operating income $11,421
    Securities gains (or losses, -) $131
    Income before extraordinary items $10,302
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $10,302
    Minority interest net income $0
    Net income $10,302
    Sale, conversion, retirement of capital stock, net $38
    Net operating income $10,185

    Katahdin Trust Company's gross interest income from loans was $37,141,000.
    Katahdin Trust Company's net interest income from loans was $31,779,000.
    Katahdin Trust Company's fee based income from loans was $786,000.
    Katahdin Trust Company's net income from loans was $10,302,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $5,362
    Provision for credit losses $1,260
    Total noninterest expense $23,968
    Salaries and employee benefits $13,982
    Premises and equipment expense $4,491
    Additional noninterest expense $5,495
    Applicable income taxes $1,250
    Net charge-offs $99
    Cash dividends $2,413

    Katahdin Trust Company's interest expense for loans was $5,362,000.
    Katahdin Trust Company's payroll and benefits expense were $13,982,000.
    Katahdin Trust Company's property, plant and equipment expenses $4,491,000.

    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 $812,927
    Deposits held in domestic offices $812,927
    Deposits by Individuals, partnerships, and corporations $659,307
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $134,961
    Deposits by Commercial banks and other depository institutions in U.S. $18,660
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $189,738
    Demand deposits $154,048
    Nontransaction accounts $623,190
    Money market deposit accounts (MMDAs) $176,683
    Other savings deposits (excluding MMDAs) $304,463
    Total time deposits $142,044
    Total time and savings deposits $658,880
    Noninterest-bearing deposits $211,018
    Interest-bearing deposits $601,909
    Retail deposits $695,943
    IRAs and Keogh plan accounts $15,604
    Brokered deposits $93,692
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $936,410
    Cash & Balances due from depository institutions $56,191
    Interest-bearing balances $42,361
    Total securities $94,749
    Federal funds sold & reverse repurchase $0
    Net loans and leases $739,239
    Loan and leases loss allowance $7,454
    Trading account assets $0
    Bank premises and fixed assets $9,946
    Other real estate owned $38
    Goodwill and other intangibles $5,851
    All other assets $30,396

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $936,409
    Total Liabilities $842,456
    Total deposits $812,927
    Interest-bearing deposits $601,909
    Deposits held in domestic offices $812,927
    % insured (estimated) $88
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $13,041
    Subordinated debt $0
    All other liabilities $16,488

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $739,239
    Loan and leases loss allowance $7,454
    Total loans and leases (domestic) $746,693
    All real estate loans $555,897
    Real estate loans in domestic offices $555,897
    Construction and development loans $19,639
    Residential 1-4 family construction $12,373
    Other construction, all land development and other land $7,266
    Loans secured by nonfarm nonresidential properties $261,900
    Nonfarm nonresidential secured by owner-occupied properties $100,590
    Commercial real estate & other non-farm, non-residential $161,310
    Multifamily residential real estate $78,067
    1-4 family residential loans $192,059
    Farmland loans $4,232
    Loans held in foreign offices $0
    Farm loans $931
    Commercial and industrial loans $175,712
    To non-U.S. addressees $0
    Loans to individuals $6,190
    Credit card loans $0
    Related Plans $148
    Consumer Auto Loans $1,417
    Other loans to individuals $4,625
    All other loans & leases $7,962
    Loans to foreign governments and official institutions $0
    Other loans $804
    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 $1,307
    Non 1-4 family restructured loans & leases $698
    Total loans and leases (foreign) $0

    Katahdin Trust Company had $739,239,000 of loans outstanding in 2020. $555,897,000 of loans were in real estate loans. $19,639,000 of loans were in development loans. $78,067,000 of loans were in multifamily mortgage loans. $192,059,000 of loans were in 1-4 family mortgage loans. $931,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,417,000 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 381 $72,777 $191,016
    Nonfarm, nonresidential loans - <$100k 146 $5,276 $36,137
    Nonfarm, nonresidential loans - $100-250k 118 $14,334 $121,475
    Nonfarm, nonresidential loans - $250k-1MM 117 $53,167 $454,419
    Commercial & Industrial, US addressed loans - <$1MM 3,051 $133,055 $43,610
    Commercial & Industrial, US addressed loans - <$100k 2,465 $57,813 $23,454
    Commercial & Industrial, US addressed loans - $100-250k 417 $38,575 $92,506
    Commercial & Industrial, US addressed loans - $250k-1MM 169 $36,667 $216,964
    Farmland loans - <$1MM 33 $2,724 $82,545
    Farmland loans - <$100k 18 $403 $22,389
    Farmland loans - $100-250k 10 $837 $83,700
    Farmland loans - $250k-1MM 5 $1,484 $296,800
    Agriculture operations loans - <$1MM 17 $923 $54,294
    Agriculture operations loans - <$100k 8 $78 $9,750
    Agriculture operations loans - $100-250k 7 $447 $63,857
    Agriculture operations loans - $250k-1MM 2 $398 $199,000