First National Bank And Trust Company Of Newtown Mortgage Rates, Fees & Info
Newtown, PALEI: 549300QQ8FVN501MZL94
Tax ID: 23-0916895
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Mortgage Data
Bank Data
Review & Overview
First National Bank And Trust Company Of Newtown is a smaller bank specializing in Refi and Home Purchase loans. First National Bank And Trust Company Of Newtown has a high proportion of conventional loans. Their top markets by origination volume include: Philadelphia, New York, Trenton, and Scranton among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)First National Bank And Trust Company Of Newtown 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
198Origination Dollar Volume (All Markets)
$39,350,000Employee count
152Top 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 |
|---|---|---|---|---|---|
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 189 | $36,805,000 | $194,735 | $0 | 0.00% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 7 | $2,245,000 | $320,714 | $0 | 0.00% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $0 | 0.00% |
| SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 198 | $39,350,000 | $198,737 | $0 | 0.00% |
For 2018, First National Bank And Trust Company Of Newtown's most frequently originated type of loan was Conventional, with 198 originations.
Loan Reason
For 2018, First National Bank And Trust Company Of Newtown's most frequently cited loan purpose was Refi, with 78 originations. The 2nd most popular reason was Home Improvement, with 41 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 198 | $39,350,000 | $198,737 | $0 | 0.00% |
For 2018, First National Bank And Trust Company Of Newtown's most frequently cited loan duration was Other, with 198 originations.
Loan Sizing
2018 saw First National Bank And Trust Company Of Newtown place emphasis on $100,000 or less loans with 114 originations, totaling $4,980,000 in origination value.
Applicant Income
First National Bank And Trust Company Of Newtown lent most frequently to those with incomes in the $150k-250k range, with 41 originations. The second most popular income band? $100k-150k, with 38 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 198 | $39,350,000 | $198,737 | $0 | 0.00% |
First National Bank And Trust Company Of Newtown lent most frequently to those with DTI ratios of Exempt%, with 198 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications84.62%
First National Bank And Trust Company Of Newtown has a below average approval rate.
Pick Rate
Approvals leading to origination89.39%
First National Bank And Trust Company Of Newtown has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 198 | $39,350,000 | $198,737 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 198 | $39,350,000 | $198,737 |
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST NATIONAL BANK OF OMAHA | Conventional home mortgage | Struggling to pay mortgage | 1 | 50.0% |
| FIRST NATIONAL BANK OF OMAHA | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 1 | 50.0% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| First National Bank and Trust Company of Newtown | 1121-1 General Washington Memorial Boulevard Washington Crossing, PA 18977 | Full Service B&M | $64,491 |
| First National Bank and Trust Company of Newtown | 1323 East Lincoln Highway Levittown, PA 19056 | Full Service B&M | $44,562 |
| First National Bank and Trust Company of Newtown | 2 Pennswood Dr Newtown, PA 18940 | Limited, Mobile/Seasonal Office | $12,889 |
| First National Bank and Trust Company of Newtown | 201 South Bellevue Avenue Langhorne, PA 19047 | Full Service B&M | $86,602 |
| First National Bank and Trust Company of Newtown | 2370 York Road, Building #h1 Jamison, PA 18929 | Full Service B&M | $39,829 |
| First National Bank and Trust Company of Newtown | 238 Street Road Southampton, PA 18966 | Full Service B&M | $7,205 |
| First National Bank and Trust Company of Newtown | 2607 Windy Bush Road Newtown, PA 18940 | Full Service B&M | $41,920 |
| First National Bank and Trust Company of Newtown | 275 South Main Street Doylestown, PA 18901 | Full Service B&M | $47,495 |
| First National Bank and Trust Company of Newtown | 280 Middle Holland Road Holland, PA 18966 | Full Service B&M | $1,482 |
| First National Bank and Trust Company of Newtown | 40 South State Street Newtown, PA 18940 | Full Service B&M | $191,712 |
| First National Bank and Trust Company of Newtown | 408 York Road New Hope, PA 18938 | Full Service B&M | $98,002 |
| First National Bank and Trust Company of Newtown | 500 South Oxford Valley Road Fairless Hills, PA 19030 | Full Service B&M | $62,952 |
| First National Bank and Trust Company of Newtown | 51 Wrights Road Newtown, PA 18940 | Full Service B&M | $241 |
| First National Bank and Trust Company of Newtown | 773 Newtown Yardley Rd Newtown, PA 18940 | Full Service B&M | $56,707 |
| First National Bank and Trust Company of Newtown | 832 Second Street Pike Richboro, PA 18954 | Full Service B&M | $75,042 |
| First National Bank and Trust Company of Newtown | 910 West Street Road Warminster, PA 18974 | Full Service B&M | $37,486 |
For 2018, First National Bank And Trust Company Of Newtown had 16 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $27,542 |
| Net interest income | $26,589 |
| Total noninterest income | $7,287 |
| Gross Fiduciary activities income | $3,400 |
| Service charges on deposit accounts | $586 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $3,301 |
| Pre-tax net operating income | $10,253 |
| Securities gains (or losses, -) | $-23 |
| Income before extraordinary items | $8,878 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $8,878 |
| Minority interest net income | $0 |
| Net income | $8,878 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $8,898 |
First National Bank And Trust Company Of Newtown's gross interest income from loans was $27,542,000.
First National Bank And Trust Company Of Newtown's net interest income from loans was $26,589,000.
First National Bank And Trust Company Of Newtown's fee based income from loans was $586,000.
First National Bank And Trust Company Of Newtown's net income from loans was $8,878,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $953 |
| Provision for credit losses | $1,886 |
| Total noninterest expense | $21,737 |
| Salaries and employee benefits | $12,561 |
| Premises and equipment expense | $2,843 |
| Additional noninterest expense | $6,333 |
| Applicable income taxes | $1,352 |
| Net charge-offs | $1,741 |
| Cash dividends | $4,337 |
First National Bank And Trust Company Of Newtown's interest expense for loans was $953,000.
First National Bank And Trust Company Of Newtown's payroll and benefits expense were $12,561,000.
First National Bank And Trust Company Of Newtown's property, plant and equipment expenses $2,843,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 1.0% |
| Real Estate loans | 1.0% |
| Construction & Land Development loans | 12.0% |
| 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 | $824,364 |
| Deposits held in domestic offices | $824,364 |
| Deposits by Individuals, partnerships, and corporations | $792,593 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $31,771 |
| 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 | $99,359 |
| Demand deposits | $90,840 |
| Nontransaction accounts | $725,005 |
| Money market deposit accounts (MMDAs) | $37,050 |
| Other savings deposits (excluding MMDAs) | $618,820 |
| Total time deposits | $69,135 |
| Total time and savings deposits | $733,524 |
| Noninterest-bearing deposits | $328,871 |
| Interest-bearing deposits | $495,493 |
| Retail deposits | $820,110 |
| IRAs and Keogh plan accounts | $33,058 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $934,171 |
| Cash & Balances due from depository institutions | $46,134 |
| Interest-bearing balances | $24,766 |
| Total securities | $466,747 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $376,957 |
| Loan and leases loss allowance | $4,558 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $8,183 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $36,150 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $934,171 |
| Total Liabilities | $861,194 |
| Total deposits | $824,364 |
| Interest-bearing deposits | $495,493 |
| Deposits held in domestic offices | $824,364 |
| % insured (estimated) | $90 |
| Federal funds purchased and repurchase agreements | $22,903 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $13,927 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $376,957 |
| Loan and leases loss allowance | $4,558 |
| Total loans and leases (domestic) | $381,515 |
| All real estate loans | $320,993 |
| Real estate loans in domestic offices | $320,993 |
| Construction and development loans | $27,822 |
| Residential 1-4 family construction | $8,961 |
| Other construction, all land development and other land | $18,861 |
| Loans secured by nonfarm nonresidential properties | $139,492 |
| Nonfarm nonresidential secured by owner-occupied properties | $75,981 |
| Commercial real estate & other non-farm, non-residential | $63,511 |
| Multifamily residential real estate | $3,771 |
| 1-4 family residential loans | $149,908 |
| Farmland loans | $0 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $6,342 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $3,053 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $101 |
| Other loans to individuals | $2,952 |
| All other loans & leases | $51,753 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $1,123 |
| 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 | $0 |
| Non 1-4 family restructured loans & leases | $0 |
| Total loans and leases (foreign) | $0 |
First National Bank and Trust Company of Newtown had $376,957,000 of loans outstanding in 2018. $320,993,000 of loans were in real estate loans. $27,822,000 of loans were in development loans. $3,771,000 of loans were in multifamily mortgage loans. $149,908,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $101,000 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 | 236 | $56,352 | $238,780 |
| Nonfarm, nonresidential loans - <$100k | 62 | $4,328 | $69,806 |
| Nonfarm, nonresidential loans - $100-250k | 72 | $10,083 | $140,042 |
| Nonfarm, nonresidential loans - $250k-1MM | 102 | $41,941 | $411,186 |
| Commercial & Industrial, US addressed loans - <$1MM | 75 | $3,953 | $52,707 |
| Commercial & Industrial, US addressed loans - <$100k | 54 | $1,518 | $28,111 |
| Commercial & Industrial, US addressed loans - $100-250k | 18 | $1,847 | $102,611 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 3 | $588 | $196,000 |