The Ephrata National Bank Mortgage Rates, Fees & Info

Ephrata, PA

LEI: 549300T560RY8NY4EY89

Tax ID: 23-0559393

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Mortgage Data

Bank Data

Review & 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 by origination volume include: Lancaster, Lebanon, Philadelphia, Reading, and Sunbury among others. We have data for 23 markets. (Some data included below & more in-depth data is available with an active subscription.)

The Ephrata National Bank 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. The Ephrata National Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.27% 3/28/24
30 Year Conventional Purchase 6.61% 3/28/24
30 Year Conventional Refi 6.67% 3/28/24
30 Year Cash-out Refi 6.53% 3/28/24
30 Year FHA Purchase 7.51% 3/28/24
30 Year VA Purchase 6.15% 3/28/24
30 Year USDA Purchase 6.88% 3/28/24
15 Year Conventional Purchase 6.44% 3/28/24
15 Year Conventional Refi 6.40% 3/28/24
15 Year Cash-out Refi 6.40% 3/28/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

The Ephrata National Bank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from The Ephrata National Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

913

Origination Dollar Volume (All Markets)

$150,795,000

Employee count

261

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
LANCASTER, PA (FHA|USDA|VA) 638 $99,230,000 $155,533 $4,356 4.05%
LEBANON, PA (FHA|USDA|VA) 77 $14,055,000 $182,532 $5,550 4.45%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 48 $13,560,000 $282,500 $6,336 4.39%
READING, PA (FHA|USDA|VA) 47 $7,275,000 $154,787 $5,675 4.28%
Sunbury, PA (FHA|USDA|VA) 24 $3,290,000 $137,083 $5,334 4.73%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 23 $3,255,000 $141,522 $4,570 4.74%
YORK-HANOVER, PA (FHA|USDA|VA) 14 $2,900,000 $207,143 $4,913 4.96%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 6 $1,590,000 $265,000 $7,042 4.12%
Lewisburg, PA (FHA|USDA|VA) 7 $1,175,000 $167,857 $6,320 4.57%
Selinsgrove, PA (FHA|USDA|VA) 6 $960,000 $160,000 $6,723 4.85%
Outside of Metro Areas 5 $595,000 $119,000 $3,952 4.52%
WILLIAMSPORT, PA (FHA|USDA|VA) 5 $545,000 $109,000 $4,112 4.43%
Pottsville, PA (FHA|USDA|VA) 2 $510,000 $255,000 $4,656 4.37%
SALISBURY, MD-DE (FHA|USDA|VA) 1 $305,000 $305,000 $3,289 4.75%
EAST STROUDSBURG, PA (FHA|USDA|VA) 2 $280,000 $140,000 $4,421 5.19%
Rolla, MO (FHA|USDA|VA) 1 $225,000 $225,000 $1,821 4.00%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $205,000 $205,000 $3,895 5.00%
OCEAN CITY, NJ (FHA|USDA|VA) 1 $205,000 $205,000 $0 4.80%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $175,000 $175,000 $3,364 4.75%
Lock Haven, PA (FHA|USDA|VA) 1 $155,000 $155,000 $3,123 4.88%
STATE COLLEGE, PA (FHA|USDA|VA) 1 $155,000 $155,000 $3,091 4.25%
Fitzgerald, GA (FHA|USDA|VA) 1 $75,000 $75,000 $4,031 4.88%
DuBois, PA (FHA|USDA|VA) 1 $75,000 $75,000 $4,308 5.13%
The Ephrata National Bank's top markets include Lancaster, Lebanon, Philadelphia, Reading, and Sunbury among others.

Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Delaware (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 507 $107,735,000 $212,495 $4,601 4.70%
    HELOC 341 $32,915,000 $96,525 n/a 3.34%
    FHA 40 $6,140,000 $153,500 $6,476 4.68%
    USDA 16 $2,440,000 $152,500 $5,232 4.46%
    VA 9 $1,565,000 $173,889 $6,056 4.54%

    For 2018, The Ephrata National Bank's most frequently originated type of loan was Conventional, with 507 originations. Their 2nd most popular type was HELOC, with 341 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 469 $94,655,000 $201,823 $4,846 4.67%
    Refi 236 $30,630,000 $129,788 $4,471 3.62%
    Home Improvement 88 $7,530,000 $85,568 $7,029 3.57%
    Other 62 $5,540,000 $89,355 $0 3.22%
    Cash Out Refi 58 $12,440,000 $214,483 $4,549 4.59%

    For 2018, The Ephrata National Bank's most frequently cited loan purpose was Home Purchase, with 469 originations. The 2nd most popular reason was Refi, with 236 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 355 $37,285,000 $105,028 $5,259 3.39%
    30 Year 347 $63,745,000 $183,703 $4,468 4.73%
    15 Year 83 $13,205,000 $159,096 $4,834 4.41%
    30+ year 68 $24,390,000 $358,676 $6,700 4.70%
    20 Year 48 $11,030,000 $229,792 $3,773 4.92%
    10 Year 10 $1,050,000 $105,000 $3,117 4.68%
    5 Year 2 $90,000 $45,000 $0 5.20%

    For 2018, The Ephrata National Bank's most frequently cited loan duration was Other, with 355 originations. The 2nd most popular length was 30 Year, with 347 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 292 $58,520,000 $200,411
    $1k-2k 138 $26,190,000 $189,783
    $2k-3k 40 $6,690,000 $167,250
    $5k+ 24 $7,960,000 $331,667
    $3k-4k 21 $4,485,000 $213,571
    $4k-5k 15 $3,975,000 $265,000

    The Ephrata National Bank's average total fees were $4,468, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 292 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 381 $73,185,000 $192,087
    2.5-3% 261 $28,485,000 $109,138
    5-6% 168 $28,510,000 $169,702
    3-4% 58 $16,910,000 $291,552
    <2.5% 34 $2,910,000 $85,588
    6-7% 11 $795,000 $72,273

    During 2018, The Ephrata National Bank's average interest rate for loans was 4.73%, while their most frequently originated rate bucket for loans was 4-5%, with 381 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 399 $56,185,000 $140,815 $4,316 4.33%
    $100,000 or less 269 $14,605,000 $54,294 $3,381 3.84%
    $200k-400k 199 $54,165,000 $272,186 $5,417 4.31%
    $400k-600k 32 $15,110,000 $472,188 $7,487 4.40%
    $600k-1MM 12 $8,220,000 $685,000 $8,752 4.61%
    $1MM+ 2 $2,510,000 $1,255,000 $0 4.43%

    2018 saw The Ephrata National Bank place emphasis on $100k-200k loans with 399 originations, totaling $56,185,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 237 $30,915,000 $130,443 $4,635 4.07%
    $75k-100k 179 $27,295,000 $152,486 $5,012 4.19%
    $50k or less 167 $19,115,000 $114,461 $3,603 4.46%
    $100k-150k 159 $29,235,000 $183,868 $5,289 4.15%
    $150k-250k 85 $20,595,000 $242,294 $6,126 3.92%
    $250k+ 55 $17,145,000 $311,727 $6,828 3.92%

    The Ephrata National Bank lent most frequently to those with incomes in the $50k-75k range, with 237 originations. The second most popular income band? $75k-100k, with 179 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 235 $34,385,000 $146,319 $4,605 4.06%
    30-36% 158 $25,380,000 $160,633 $4,870 4.23%
    <20% 105 $13,735,000 $130,810 $4,322 3.77%
    42% 42 $7,530,000 $179,286 $5,042 4.36%
    38% 37 $8,065,000 $217,973 $4,837 4.18%
    37% 37 $5,085,000 $137,432 $4,407 4.30%
    40% 34 $5,860,000 $172,353 $5,416 4.31%
    44% 32 $4,170,000 $130,313 $4,813 3.64%
    36% 28 $4,040,000 $144,286 $3,827 4.46%
    39% 25 $3,235,000 $129,400 $4,537 4.47%
    41% 24 $3,830,000 $159,583 $4,971 3.93%
    43% 20 $3,570,000 $178,500 $4,922 4.25%
    45% 19 $5,125,000 $269,737 $4,714 4.22%
    46% 15 $3,565,000 $237,667 $5,758 4.86%
    49% 15 $3,695,000 $246,333 $5,700 4.82%
    50-60% 15 $3,415,000 $227,667 $5,551 4.03%
    47% 13 $2,865,000 $220,385 $4,388 4.56%
    48% 9 $2,105,000 $233,889 $5,520 4.71%
    >60% 2 $340,000 $170,000 $6,014 4.18%

    The Ephrata National Bank lent most frequently to those with DTI ratios of 20-30%, with 235 originations. The next most common DTI ratio? 30-36%, with 158 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 861 $140,995,000 $163,757 $4,784 4.16%
    Not applicable 30 $6,390,000 $213,000 $0 4.99%
    Not provided 15 $2,475,000 $165,000 $5,097 4.29%
    Asian 3 $415,000 $138,333 $4,035 3.54%
    Black 3 $415,000 $138,333 $4,358 4.62%
    Native Hawaiian or Islander 1 $105,000 $105,000 $0 2.99%

    Approval Rates

    Total approvals of all applications
    84.03%

    The Ephrata National Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    85.10%

    The Ephrata National Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 913 $150,795,000 $165,164

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 7 $4,065,000 $580,714
    Single Family (1-4 Units):Manufactured 7 $655,000 $93,571
    Single Family (1-4 Units):Site-Built 899 $146,075,000 $162,486

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 141 $13,185,000 $93,511 $3,307 3.44%
    40-60% 108 $16,710,000 $154,722 $3,842 3.94%
    60-80% 266 $52,710,000 $198,158 $4,369 4.58%
    80-100% 280 $59,390,000 $212,107 $5,347 4.60%
    Over 100% 8 $3,650,000 $456,250 $10,278 4.40%
    Under 20% 109 $5,125,000 $47,018 $0 3.35%

    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 $110,873
    The Ephrata National Bank 1 North Penryn Road Manheim, PA 17545 Full Service B&M $43,389
    The Ephrata National Bank 110 Marble Avenue East Earl, PA 17519 Full Service B&M $84,258
    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 $156,297
    The Ephrata National Bank 3190 Lititz Pike Lititz, PA 17543 Full Service B&M $57,010
    The Ephrata National Bank 351 South Seventh Street Akron, PA 17501 Full Service B&M $79,654
    The Ephrata National Bank 361 W Main Street Leola, PA 17540 Full Service B&M $10,730
    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 $15,311
    The Ephrata National Bank 615 E. Lincoln Ave Myerstown, PA 17067 Full Service B&M $21,787
    The Ephrata National Bank 6296 Morgantown Road Morgantown, PA 19543 Full Service B&M $24,240
    The Ephrata National Bank 809 Martin Avenue Ephrata, PA 17522 Full Service B&M $176,899
    The Ephrata National Bank 935 N. Railroad Avenue New Holland, PA 17557 Full Service B&M $98,778

    For 2018, The Ephrata National Bank had 16 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $36,487
    Net interest income $33,113
    Total noninterest income $11,327
    Gross Fiduciary activities income $1,212
    Service charges on deposit accounts $1,351
    Trading account gains and fees $0
    Additional Noninterest Income $8,764
    Pre-tax net operating income $11,488
    Securities gains (or losses, -) $-286
    Income before extraordinary items $9,896
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $9,896
    Minority interest net income $0
    Net income $9,896
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $10,147

    The Ephrata National Bank's gross interest income from loans was $36,487,000.
    The Ephrata National Bank's net interest income from loans was $33,113,000.
    The Ephrata National Bank's fee based income from loans was $1,351,000.
    The Ephrata National Bank's net income from loans was $9,896,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,374
    Provision for credit losses $660
    Total noninterest expense $32,292
    Salaries and employee benefits $20,240
    Premises and equipment expense $3,604
    Additional noninterest expense $8,448
    Applicable income taxes $1,306
    Net charge-offs $234
    Cash dividends $3,282

    The Ephrata National Bank's interest expense for loans was $3,374,000.
    The Ephrata National Bank's payroll and benefits expense were $20,240,000.
    The Ephrata National Bank's property, plant and equipment expenses $3,604,000.

    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 $920,570
    Deposits held in domestic offices $920,570
    Deposits by Individuals, partnerships, and corporations $896,320
    Deposits by U.S. Government $20
    Deposits by States and political subdivisions in the U.S. $24,230
    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 $118,258
    Demand deposits $83,319
    Nontransaction accounts $802,312
    Money market deposit accounts (MMDAs) $469,429
    Other savings deposits (excluding MMDAs) $199,665
    Total time deposits $133,218
    Total time and savings deposits $837,251
    Noninterest-bearing deposits $369,916
    Interest-bearing deposits $550,653
    Retail deposits $912,153
    IRAs and Keogh plan accounts $45,599
    Brokered deposits $2,499
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,097,256
    Cash & Balances due from depository institutions $41,338
    Interest-bearing balances $14,664
    Total securities $299,475
    Federal funds sold & reverse repurchase $0
    Net loans and leases $686,836
    Loan and leases loss allowance $8,666
    Trading account assets $0
    Bank premises and fixed assets $25,551
    Other real estate owned $0
    Goodwill and other intangibles $905
    All other assets $43,151

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,097,256
    Total Liabilities $995,945
    Total deposits $920,570
    Interest-bearing deposits $550,653
    Deposits held in domestic offices $920,570
    % insured (estimated) $85
    Federal funds purchased and repurchase agreements $7,870
    Trading liabilities $0
    Other borrowed funds $65,386
    Subordinated debt $0
    All other liabilities $2,119

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $686,836
    Loan and leases loss allowance $8,666
    Total loans and leases (domestic) $695,502
    All real estate loans $581,970
    Real estate loans in domestic offices $581,970
    Construction and development loans $18,092
    Residential 1-4 family construction $16,668
    Other construction, all land development and other land $1,424
    Loans secured by nonfarm nonresidential properties $88,485
    Nonfarm nonresidential secured by owner-occupied properties $71,937
    Commercial real estate & other non-farm, non-residential $16,548
    Multifamily residential real estate $13,354
    1-4 family residential loans $296,113
    Farmland loans $165,926
    Loans held in foreign offices $0
    Farm loans $20,512
    Commercial and industrial loans $56,717
    To non-U.S. addressees $0
    Loans to individuals $9,211
    Credit card loans $0
    Related Plans $5,148
    Consumer Auto Loans $1,556
    Other loans to individuals $2,507
    All other loans & leases $27,092
    Loans to foreign governments and official institutions $0
    Other loans $4,525
    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 $1,692
    Non 1-4 family restructured loans & leases $1,692
    Total loans and leases (foreign) $0

    The Ephrata National Bank had $686,836,000 of loans outstanding in 2018. $581,970,000 of loans were in real estate loans. $18,092,000 of loans were in development loans. $13,354,000 of loans were in multifamily mortgage loans. $296,113,000 of loans were in 1-4 family mortgage loans. $20,512,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,556,000 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 240 $59,087 $246,196
    Nonfarm, nonresidential loans - <$100k 37 $1,470 $39,730
    Nonfarm, nonresidential loans - $100-250k 74 $9,861 $133,257
    Nonfarm, nonresidential loans - $250k-1MM 129 $47,756 $370,202
    Commercial & Industrial, US addressed loans - <$1MM 828 $46,581 $56,257
    Commercial & Industrial, US addressed loans - <$100k 650 $17,668 $27,182
    Commercial & Industrial, US addressed loans - $100-250k 130 $14,693 $113,023
    Commercial & Industrial, US addressed loans - $250k-1MM 48 $14,220 $296,250
    Farmland loans - <$1MM 348 $61,459 $176,606
    Farmland loans - <$100k 108 $4,456 $41,259
    Farmland loans - $100-250k 96 $13,233 $137,844
    Farmland loans - $250k-1MM 144 $43,770 $303,958
    Agriculture operations loans - <$1MM 545 $19,432 $35,655
    Agriculture operations loans - <$100k 480 $12,108 $25,225
    Agriculture operations loans - $100-250k 61 $6,586 $107,967
    Agriculture operations loans - $250k-1MM 4 $738 $184,500