The Ephrata National Bank Mortgage Rates, Fees & Info

Ephrata, PA

LEI: 549300T560RY8NY4EY89

Tax ID: 23-0559393

3.9 stars - out of 5 stars, based on 39 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

The Ephrata National Bank is a smaller bank specializing in Home Purchase and Refi loans. The Ephrata National Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets include Lancaster, Philadelphia, Reading, Lebanon, and Harrisburg among others. The Ephrata National Bank has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. The Ephrata National Bank is typically an average fee lendor.


Originations

1,484

Origination Dollar Volume (All Markets)

$312,470,000

Employee count

270

Relative Rate

The Ephrata National Bank's average 30 year fixed rate mortgage of loans were 3.33%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 0.18%.

Relative Fees

The Ephrata National Bank's average total fees for a 30 year fixed rate mortgage are $5,266.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
LANCASTER, PA (FHA|USDA|VA) 957 $180,405,000 $188,511 $5,038 2.83%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 134 $43,700,000 $326,119 $5,958 3.17%
READING, PA (FHA|USDA|VA) 103 $22,575,000 $219,175 $5,569 3.04%
LEBANON, PA (FHA|USDA|VA) 120 $21,470,000 $178,917 $5,045 3.19%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 64 $21,110,000 $329,844 $6,274 3.15%
YORK-HANOVER, PA (FHA|USDA|VA) 20 $5,420,000 $271,000 $5,324 3.30%
Outside of Metro Areas 14 $2,590,000 $185,000 $5,461 3.29%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 10 $1,780,000 $178,000 $4,715 3.59%
Sayre, PA (FHA|USDA|VA) 11 $1,735,000 $157,727 $5,453 3.07%
Pottsville, PA (FHA|USDA|VA) 5 $1,455,000 $291,000 $7,332 3.35%
Sunbury, PA (FHA|USDA|VA) 9 $1,415,000 $157,222 $5,904 3.35%
Selinsgrove, PA (FHA|USDA|VA) 4 $1,120,000 $280,000 $11,175 3.19%
DuBois, PA (FHA|USDA|VA) 2 $940,000 $470,000 $11,019 3.49%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 2 $740,000 $370,000 $6,103 3.63%
PITTSBURGH, PA (FHA|USDA|VA) 4 $670,000 $167,500 $6,602 2.37%
GETTYSBURG, PA (FHA|USDA|VA) 3 $655,000 $218,333 $4,705 3.12%
Huntingdon, PA (FHA|USDA|VA) 2 $640,000 $320,000 $0 4.18%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 3 $585,000 $195,000 $5,467 3.33%
WILLIAMSPORT, PA (FHA|USDA|VA) 3 $555,000 $185,000 $8,432 3.25%
SALISBURY, MD-DE (FHA|USDA|VA) 3 $505,000 $168,333 $3,011 3.04%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 3 $475,000 $158,333 $7,997 2.71%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $375,000 $375,000 $4,665 4.00%
OCEAN CITY, NJ (FHA|USDA|VA) 1 $355,000 $355,000 $3,097 3.38%
Lock Haven, PA (FHA|USDA|VA) 2 $340,000 $170,000 $3,740 3.63%
EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $275,000 $275,000 $5,459 3.25%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $235,000 $235,000 $3,033 3.38%
Bradford, PA (FHA|USDA|VA) 1 $205,000 $205,000 $3,749 3.25%
Lewisburg, PA (FHA|USDA|VA) 1 $145,000 $145,000 $5,114 3.25%

The Ephrata National Bank's top markets include Lancaster, Philadelphia, Reading, Lebanon, and Harrisburg among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 1,434 $302,500,000 $210,948 $5,205 2.94%
FHA 22 $3,760,000 $170,909 $7,224 3.16%
VA 14 $4,160,000 $297,143 $10,160 2.97%
USDA 14 $2,050,000 $146,429 $5,116 3.14%

For the 2021 period, The Ephrata National Bank's most frequently originated loan type of loans were Conventional, with 1,434 originations. Their 2nd most popular type is FHA, with 22 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 573 $158,425,000 $276,483 $5,632 3.30%
Refi 365 $80,425,000 $220,342 $4,835 2.93%
Home Improvement 222 $26,400,000 $118,919 $5,516 2.49%
Other 222 $23,630,000 $106,441 $0 2.40%
Cash Out Refi 102 $23,590,000 $231,275 $5,056 3.25%

For the 2021, The Ephrata National Bank's most frequently cited loan purpose of loans were Home Purchase, with 573 originations. The 2nd most popular reason of loans were Refi, with 365 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
Other 562 $67,400,000 $119,929 $5,992 2.46%
30 Year 458 $109,840,000 $239,825 $5,266 3.33%
15 Year 184 $38,190,000 $207,554 $4,895 2.90%
30+ year 153 $69,315,000 $453,039 $6,557 3.34%
20 Year 100 $24,370,000 $243,700 $4,712 3.47%
10 Year 27 $3,355,000 $124,259 $3,695 3.03%

For the 2021, The Ephrata National Bank's most frequently cited loan length of loans were Other, with 562 originations. The 2nd most popular length of loans were 30 Year, with 458 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 425 $120,315,000 $283,094
$1k-2k 252 $54,610,000 $216,706
$2k-3k 97 $22,935,000 $236,443
$3k-4k 84 $21,470,000 $255,595
$5k+ 50 $20,510,000 $410,200

$5,266 of loans were The Ephrata National Bank's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 425 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 618 $166,550,000 $269,498
<2.5% 467 $64,695,000 $138,533
2.5-3% 304 $68,590,000 $225,625
4-5% 91 $11,455,000 $125,879
5-6% 2 $790,000 $395,000

During 2021, The Ephrata National Bank's average interest rate of loans were 3.33%, while their most frequently originated rate bucket of loans were 3-4%, with 618 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 517 $75,135,000 $145,329 $4,269 3.01%
$200k-400k 445 $121,815,000 $273,742 $5,627 3.02%
$100,000 or less 351 $19,675,000 $56,054 $3,526 2.68%
$400k-600k 119 $56,375,000 $473,739 $7,119 3.13%
$600k-1MM 48 $34,760,000 $724,167 $8,371 3.28%
$1MM+ 4 $4,710,000 $1,177,500 $24,052 3.02%

2021 saw The Ephrata National Bank place emphasis on $100k-200k loans with 517 originations, totaling $75,135,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 385 $59,835,000 $155,416 $4,784 2.97%
$100k-150k 319 $73,685,000 $230,987 $5,708 2.90%
$75k-100k 242 $43,040,000 $177,851 $5,160 2.88%
$150k-250k 228 $68,770,000 $301,623 $6,314 2.85%
$50k or less 187 $24,525,000 $131,150 $4,160 3.13%
$250k+ 96 $35,170,000 $366,354 $8,127 2.94%

The Ephrata National Bank lent most frequently to those with incomes in the $50k-75k range, with 385 originations. The second most popular income band? $100k-150k, with 319 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 386 $73,120,000 $189,430 $5,059 2.87%
30-36% 278 $61,900,000 $222,662 $5,312 3.04%
<20% 171 $31,985,000 $187,047 $5,016 2.83%
50-60% 74 $14,590,000 $197,162 $5,338 2.69%
40% 55 $11,435,000 $207,909 $5,454 3.05%
36% 53 $10,845,000 $204,623 $4,735 3.10%
39% 51 $11,915,000 $233,627 $5,759 2.98%
37% 49 $10,575,000 $215,816 $5,384 2.93%
41% 47 $11,315,000 $240,745 $5,649 3.07%
43% 45 $11,695,000 $259,889 $5,854 2.95%
38% 44 $8,290,000 $188,409 $5,297 3.23%
42% 35 $6,885,000 $196,714 $4,743 2.82%
45% 35 $8,465,000 $241,857 $4,967 2.95%
44% 27 $5,705,000 $211,296 $7,201 2.87%
46% 24 $7,270,000 $302,917 $6,830 3.01%
47% 18 $5,120,000 $284,444 $8,037 3.11%
48% 18 $3,970,000 $220,556 $5,160 3.05%
49% 14 $3,760,000 $268,571 $5,636 3.03%
>60% 6 $690,000 $115,000 $4,196 2.45%

The Ephrata National Bank lent most frequently to those with DTI ratios of 20-30%, with 386 originations. The next most common DTI ratio? 30-36%, with 278 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 1,328 $270,780,000 $203,901 $5,329 2.92%
Not provided 112 $28,480,000 $254,286 $5,255 3.04%
Not applicable 20 $6,500,000 $325,000 $0 3.93%
Asian 12 $3,560,000 $296,667 $5,280 3.26%
Black 7 $2,135,000 $305,000 $6,093 3.45%
American Indian 4 $880,000 $220,000 $7,037 2.84%
Native Hawaiian 1 $135,000 $135,000 $3,446 3.50%

Approval Rates

Total approvals of all applications
88.14%

The Ephrata National Bank has an average approval rate.

Pick Rate

Approvals leading to origination
85.99%

The Ephrata National Bank has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 1,484 $312,470,000 $210,559

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
1,484 $312,470,000 $210,559

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 230 $25,790,000 $112,130 $3,909 2.43%
40-60% 224 $43,030,000 $192,098 $4,491 2.85%
60-80% 447 $118,005,000 $263,993 $5,177 3.23%
80-100% 369 $111,215,000 $301,396 $5,949 3.23%
Over 100% 8 $2,650,000 $331,250 $13,345 2.87%
Under 20% 206 $11,780,000 $57,184 $3,070 2.55%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
The Ephrata National Bank 1 Main St. Denver, PA 17517 Full Service B&M $169,378
The Ephrata National Bank 42 East Main St. Ephrata, PA 17522 Limited, Drive-thru $0
The Ephrata National Bank 47 E Main Street Ephrata, PA 17522 Limited, Trust Office $0
The Ephrata National Bank 60 Historic Drive Strasburg, PA 17579 Full Service B&M $43,159
The Ephrata National Bank 615 E. Lincoln Ave Myerstown, PA 17067 Full Service B&M $41,203
The Ephrata National Bank 6296 Morgantown Road Morgantown, PA 19543 Full Service B&M $48,450
The Ephrata National Bank 809 Martin Avenue Ephrata, PA 17522 Full Service B&M $269,003
The Ephrata National Bank 935 N. Railroad Avenue New Holland, PA 17557 Full Service B&M $154,058
The Ephrata National Bank 1 North Penryn Road Manheim, PA 17545 Full Service B&M $67,030
The Ephrata National Bank 110 Marble Avenue East Earl, PA 17519 Full Service B&M $143,586
The Ephrata National Bank 1298 Georgetown Road Quarryville, PA 17566 Limited, Drive-thru $0
The Ephrata National Bank 31 E Franklin Street Ephrata, PA 17522 Limited, Administrative $0
The Ephrata National Bank 31 East Main Street Ephrata, PA 17522 Full Service B&M $202,839
The Ephrata National Bank 3190 Lititz Pike Lititz, PA 17543 Full Service B&M $97,925
The Ephrata National Bank 351 South Seventh Street Akron, PA 17501 Full Service B&M $113,176
The Ephrata National Bank 361 W Main Street Leola, PA 17540 Full Service B&M $23,228

For 2021, The Ephrata National Bank had 16 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $43,540
Net interest income $41,320
Total noninterest income $16,827
Gross Fiduciary activities income $1,353
Service charges on deposit accounts $1,069
Trading account gains and fees $0
Additional Noninterest Income $14,405
Pre-tax net operating income $17,492
Securities gains (or losses, -) $731
Income before extraordinary items $15,460
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $15,460
Minority interest net income $0
Net income $15,460
Sale, conversion, retirement of capital stock, net $0
Net operating income $14,838

The Ephrata National Bank's gross interest income from loans was $43,540,000.
The Ephrata National Bank's net interest income from loans was $41,320,000.
The Ephrata National Bank's fee based income from loans was $1,069,000.
The Ephrata National Bank's net income from loans was $15,460,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $2,220
Provision for credit losses $475
Total noninterest expense $40,180
Salaries and employee benefits $24,465
Premises and equipment expense $3,675
Additional noninterest expense $12,040
Applicable income taxes $2,763
Net charge-offs $-129
Cash dividends $3,730

The Ephrata National Bank's interest expense for loans was $2,220,000.
The Ephrata National Bank's payroll and benefits expense were $24,465,000.
The Ephrata National Bank's property, plant and equipment expenses $3,675,000.

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 $1,514,839
Deposits held in domestic offices $1,514,839
Deposits by Individuals, partnerships, and corporations $1,465,780
Deposits by U.S. Government $54
Deposits by States and political subdivisions in the U.S. $49,005
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 $210,076
Demand deposits $190,138
Nontransaction accounts $1,304,763
Money market deposit accounts (MMDAs) $849,535
Other savings deposits (excluding MMDAs) $341,291
Total time deposits $113,936
Total time and savings deposits $1,324,701
Noninterest-bearing deposits $688,904
Interest-bearing deposits $825,935
Retail deposits $1,506,518
IRAs and Keogh plan accounts $37,908
Brokered deposits $0
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $1,715,230
Cash & Balances due from depository institutions $158,437
Interest-bearing balances $138,507
Total securities $565,332
Federal funds sold & reverse repurchase $0
Net loans and leases $911,167
Loan and leases loss allowance $12,931
Trading account assets $0
Bank premises and fixed assets $25,093
Other real estate owned $0
Goodwill and other intangibles $1,768
All other assets $53,433

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $1,715,230
Total Liabilities $1,563,054
Total deposits $1,514,839
Interest-bearing deposits $825,935
Deposits held in domestic offices $1,514,839
% insured (estimated) $79
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $44,835
Subordinated debt $0
All other liabilities $3,380

Issued Loan Types

Type Value (in 000's)
Net loans and leases $911,167
Loan and leases loss allowance $12,931
Total loans and leases (domestic) $924,098
All real estate loans $809,828
Real estate loans in domestic offices $809,828
Construction and development loans $19,639
Residential 1-4 family construction $19,297
Other construction, all land development and other land $342
Loans secured by nonfarm nonresidential properties $162,580
Nonfarm nonresidential secured by owner-occupied properties $120,614
Commercial real estate & other non-farm, non-residential $41,966
Multifamily residential real estate $15,221
1-4 family residential loans $408,663
Farmland loans $203,725
Loans held in foreign offices $0
Farm loans $20,717
Commercial and industrial loans $63,453
To non-U.S. addressees $0
Loans to individuals $5,141
Credit card loans $0
Related Plans $945
Consumer Auto Loans $0
Other loans to individuals $4,196
All other loans & leases $24,959
Loans to foreign governments and official institutions $0
Other loans $1,949
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 $768
Non 1-4 family restructured loans & leases $768
Total loans and leases (foreign) $0

The Ephrata National Bank had $911,167,000 of loans outstanding in 2021. $809,828,000 of loans were in real estate loans. $19,639,000 of loans were in development loans. $15,221,000 of loans were in multifamily mortgage loans. $408,663,000 of loans were in 1-4 family mortgage loans. $20,717,000 of loans were in farm loans. $0 of loans were in credit card loans. $0 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 242 $62,302 $257,446
Nonfarm, nonresidential loans - <$100k 32 $1,455 $45,469
Nonfarm, nonresidential loans - $100-250k 76 $9,953 $130,961
Nonfarm, nonresidential loans - $250k-1MM 134 $50,894 $379,806
Commercial & Industrial, US addressed loans - <$1MM 1,023 $57,113 $55,829
Commercial & Industrial, US addressed loans - <$100k 787 $20,367 $25,879
Commercial & Industrial, US addressed loans - $100-250k 169 $18,295 $108,254
Commercial & Industrial, US addressed loans - $250k-1MM 67 $18,451 $275,388
Farmland loans - <$1MM 385 $66,317 $172,252
Farmland loans - <$100k 104 $3,968 $38,154
Farmland loans - $100-250k 119 $15,536 $130,555
Farmland loans - $250k-1MM 162 $46,813 $288,969
Agriculture operations loans - <$1MM 460 $17,713 $38,507
Agriculture operations loans - <$100k 390 $9,954 $25,523
Agriculture operations loans - $100-250k 61 $5,782 $94,787
Agriculture operations loans - $250k-1MM 9 $1,977 $219,667