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, Concord, and Boston 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 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

    366

    Origination Dollar Volume (All Markets)

    $93,650,000

    Employee count

    162

    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) 44 $33,920,000 $770,909 $0 0.00%
    Outside of Metro Areas 210 $32,550,000 $155,000 $0 0.00%
    BANGOR, ME (FHA|USDA|VA) 97 $23,505,000 $242,320 $0 0.00%
    Augusta-Waterville, ME (FHA|USDA|VA) 11 $2,195,000 $199,545 $0 0.00%
    Concord, NH (FHA|USDA|VA) 1 $515,000 $515,000 $0 0.00%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $515,000 $515,000 $0 0.00%
    LEWISTON-AUBURN, ME (FHA|USDA|VA) 2 $450,000 $225,000 $0 0.00%
    Katahdin Trust Company's top markets include Portland, Bangor, Augusta, Concord, and Boston 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 362 $93,250,000 $257,597 $0 0.00%
    USDA 4 $400,000 $100,000 $0 0.00%

    For 2021, Katahdin Trust Company's most frequently originated type of loan was Conventional, with 362 originations. Their 2nd most popular type was USDA, with 4 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 205 $52,785,000 $257,488 $0 0.00%
    Refi 138 $38,320,000 $277,681 $0 0.00%
    Home Improvement 14 $1,930,000 $137,857 $0 0.00%
    Other 9 $615,000 $68,333 $0 0.00%

    For 2021, Katahdin Trust Company's most frequently cited loan purpose was Home Purchase, with 205 originations. The 2nd most popular reason was Refi, with 138 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 366 $93,650,000 $255,874 $0 0.00%

    For 2021, Katahdin Trust Company's most frequently cited loan duration was Other, with 366 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 121 $7,935,000 $65,579 $0 0.00%
    $100k-200k 119 $17,105,000 $143,739 $0 0.00%
    $200k-400k 83 $22,745,000 $274,036 $0 0.00%
    $400k-600k 19 $9,175,000 $482,895 $0 0.00%
    $1MM+ 13 $26,695,000 $2,053,462 $0 0.00%
    $600k-1MM 11 $9,995,000 $908,636 $0 0.00%

    2021 saw Katahdin Trust Company place emphasis on $100,000 or less loans with 121 originations, totaling $7,935,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 72 $8,640,000 $120,000 $0 0.00%
    $100k-150k 62 $11,280,000 $181,935 $0 0.00%
    $150k-250k 47 $8,485,000 $180,532 $0 0.00%
    $75k-100k 47 $6,555,000 $139,468 $0 0.00%
    $50k or less 46 $3,950,000 $85,870 $0 0.00%
    $250k+ 17 $4,635,000 $272,647 $0 0.00%

    Katahdin Trust Company lent most frequently to those with incomes in the $50k-75k range, with 72 originations. The second most popular income band? $100k-150k, with 62 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 366 $93,650,000 $255,874 $0 0.00%

    Katahdin Trust Company lent most frequently to those with DTI ratios of Exempt%, with 366 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 67 $48,905,000 $729,925 $0 0.00%
    White 283 $41,945,000 $148,216 $0 0.00%
    Not provided 10 $1,720,000 $172,000 $0 0.00%
    Black 4 $620,000 $155,000 $0 0.00%
    American Indian 1 $395,000 $395,000 $0 0.00%
    Asian 1 $65,000 $65,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    85.69%

    Katahdin Trust Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.61%

    Katahdin Trust Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 366 $93,650,000 $255,874

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    366 $93,650,000 $255,874

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Katahdin Trust Company 105 Bennett Drive Caribou, ME 4736 Full Service B&M $88,812
    Katahdin Trust Company 11 Main St Patten, ME 4765 Full Service B&M $122,806
    Katahdin Trust Company 1007 Crystal Road Island Falls, ME 4747 Full Service B&M $19,835
    Katahdin Trust Company 144 Us Route 1 Scarborough, ME 4074 Full Service B&M $28,544
    Katahdin Trust Company 17 Main Street Ashland, ME 4732 Full Service B&M $23,392
    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 $14,593
    Katahdin Trust Company 28 Main Street Mars Hill, ME 4758 Full Service B&M $33,004
    Katahdin Trust Company 29 Main Street Van Buren, ME 4785 Full Service B&M $25,778
    Katahdin Trust Company 290 Main Street Fort Fairfield, ME 4742 Full Service B&M $15,158
    Katahdin Trust Company 3440 Aroostook Road Eagle Lake, ME 4739 Full Service B&M $24,840
    Katahdin Trust Company 52 Springer Drive Bangor, ME 4401 Full Service B&M $98,116
    Katahdin Trust Company 57 Western Avenue Hampden, ME 4444 Full Service B&M $28,854
    Katahdin Trust Company 6 North Street Presque Isle, ME 4769 Full Service B&M $121,231
    Katahdin Trust Company 609 Broadway Bangor, ME 4401 Full Service B&M $42,432
    Katahdin Trust Company 65 North Street Houlton, ME 4730 Full Service B&M $96,722
    Katahdin Trust Company 79 West Main Street Fort Kent, ME 4743 Full Service B&M $46,538

    For 2021, Katahdin Trust Company had 17 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $35,347
    Net interest income $32,458
    Total noninterest income $4,285
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $717
    Trading account gains and fees $0
    Additional Noninterest Income $3,568
    Pre-tax net operating income $12,426
    Securities gains (or losses, -) $125
    Income before extraordinary items $10,260
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $10,260
    Minority interest net income $0
    Net income $10,260
    Sale, conversion, retirement of capital stock, net $103
    Net operating income $10,157

    Katahdin Trust Company's gross interest income from loans was $35,347,000.
    Katahdin Trust Company's net interest income from loans was $32,458,000.
    Katahdin Trust Company's fee based income from loans was $717,000.
    Katahdin Trust Company's net income from loans was $10,260,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,889
    Provision for credit losses $135
    Total noninterest expense $24,182
    Salaries and employee benefits $14,867
    Premises and equipment expense $3,527
    Additional noninterest expense $5,788
    Applicable income taxes $2,291
    Net charge-offs $-215
    Cash dividends $2,495

    Katahdin Trust Company's interest expense for loans was $2,889,000.
    Katahdin Trust Company's payroll and benefits expense were $14,867,000.
    Katahdin Trust Company's property, plant and equipment expenses $3,527,000.

    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 $824,472
    Deposits held in domestic offices $824,472
    Deposits by Individuals, partnerships, and corporations $697,244
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $120,502
    Deposits by Commercial banks and other depository institutions in U.S. $6,725
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $202,586
    Demand deposits $164,938
    Nontransaction accounts $621,885
    Money market deposit accounts (MMDAs) $181,962
    Other savings deposits (excluding MMDAs) $329,447
    Total time deposits $110,476
    Total time and savings deposits $659,533
    Noninterest-bearing deposits $231,998
    Interest-bearing deposits $592,474
    Retail deposits $733,462
    IRAs and Keogh plan accounts $14,991
    Brokered deposits $68,402
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $939,872
    Cash & Balances due from depository institutions $62,422
    Interest-bearing balances $46,575
    Total securities $111,035
    Federal funds sold & reverse repurchase $0
    Net loans and leases $722,600
    Loan and leases loss allowance $7,803
    Trading account assets $0
    Bank premises and fixed assets $11,419
    Other real estate owned $0
    Goodwill and other intangibles $5,859
    All other assets $26,537

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $939,872
    Total Liabilities $838,664
    Total deposits $824,472
    Interest-bearing deposits $592,474
    Deposits held in domestic offices $824,472
    % insured (estimated) $87
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $1,531
    Subordinated debt $0
    All other liabilities $12,661

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $722,600
    Loan and leases loss allowance $7,803
    Total loans and leases (domestic) $730,403
    All real estate loans $576,838
    Real estate loans in domestic offices $576,838
    Construction and development loans $27,634
    Residential 1-4 family construction $13,858
    Other construction, all land development and other land $13,776
    Loans secured by nonfarm nonresidential properties $260,880
    Nonfarm nonresidential secured by owner-occupied properties $113,309
    Commercial real estate & other non-farm, non-residential $147,571
    Multifamily residential real estate $88,076
    1-4 family residential loans $196,904
    Farmland loans $3,344
    Loans held in foreign offices $0
    Farm loans $777
    Commercial and industrial loans $135,947
    To non-U.S. addressees $0
    Loans to individuals $5,617
    Credit card loans $0
    Related Plans $119
    Consumer Auto Loans $1,403
    Other loans to individuals $4,095
    All other loans & leases $11,225
    Loans to foreign governments and official institutions $0
    Other loans $848
    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 $1,726
    Non 1-4 family restructured loans & leases $1,149
    Total loans and leases (foreign) $0

    Katahdin Trust Company had $722,600,000 of loans outstanding in 2021. $576,838,000 of loans were in real estate loans. $27,634,000 of loans were in development loans. $88,076,000 of loans were in multifamily mortgage loans. $196,904,000 of loans were in 1-4 family mortgage loans. $777,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,403,000 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 258 $44,441 $172,252
    Nonfarm, nonresidential loans - <$100k 80 $2,858 $35,725
    Nonfarm, nonresidential loans - $100-250k 86 $9,729 $113,128
    Nonfarm, nonresidential loans - $250k-1MM 92 $31,854 $346,239
    Commercial & Industrial, US addressed loans - <$1MM 1,007 $77,884 $77,343
    Commercial & Industrial, US addressed loans - <$100k 583 $15,036 $25,791
    Commercial & Industrial, US addressed loans - $100-250k 266 $24,677 $92,771
    Commercial & Industrial, US addressed loans - $250k-1MM 158 $38,171 $241,589
    Farmland loans - <$1MM 10 $932 $93,200
    Farmland loans - <$100k 4 $72 $18,000
    Farmland loans - $100-250k 4 $262 $65,500
    Farmland loans - $250k-1MM 2 $598 $299,000
    Agriculture operations loans - <$1MM 9 $777 $86,333
    Agriculture operations loans - <$100k 4 $81 $20,250
    Agriculture operations loans - $100-250k 2 $102 $51,000
    Agriculture operations loans - $250k-1MM 3 $594 $198,000