Malvern Bank N.a. Mortgage Rates, Fees & Info

Paoli, PA

LEI: 549300VDK2EPK7QQKY80

Tax ID: 23-0835060

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Review & Overview

Malvern Bank N.a. is a smaller bank specializing in Cash Out Refi and Home Purchase loans. Malvern Bank N.a. has a high proportion of conventional loans. Their top markets by origination volume include: Philadelphia, Miami, New York, Kingston, and Savannah among others. We have data for 18 markets. (Some data included below & more in-depth data is available with an active subscription.)

Malvern Bank N.a. 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. Malvern Bank N.a. 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.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™ Mortgage Type	Simulated Rate	Simulation Date
Home Equity Line of Credit (HELOC)	6.27%	5/4/24
30 Year Conventional Purchase	6.24%	5/4/24
30 Year Conventional Refi	6.24%	5/4/24
30 Year Cash-out Refi	5.98%	5/4/24
15 Year Conventional Purchase	5.91%	5/4/24
15 Year Conventional Refi	6.01%	5/4/24
15 Year Cash-out Refi	6.01%	5/4/24
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.

Malvern Bank N.a. Mortgage Calculator

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This is not an official calculator from Malvern Bank N.a.. 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

145

Origination Dollar Volume (All Markets)

$63,905,000

Employee count

Awards

Malvern Bank N.A. 30 Year Conventional Loans gold

Malvern Bank N.A. 30 Year Conventional Loans bronze

Show all (2) awards

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
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA\|USDA\|VA)	97	$33,895,000	$349,433	$3,082	3.92%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA\|USDA\|VA)	17	$9,245,000	$543,824	$3,627	4.04%
New York-Newark-Jersey City, NY-NJ-PA (FHA\|USDA\|VA)	8	$8,920,000	$1,115,000	$9,184	3.81%
KINGSTON, NY (FHA\|USDA\|VA)	1	$2,905,000	$2,905,000	$0	4.00%
SAVANNAH, GA (FHA\|USDA\|VA)	1	$2,345,000	$2,345,000	$7,973	3.63%
Los Angeles-Long Beach-Anaheim, CA (FHA\|USDA\|VA)	1	$1,005,000	$1,005,000	$3,128	4.50%
OCEAN CITY, NJ (FHA\|USDA\|VA)	2	$930,000	$465,000	$2,673	3.81%
LANCASTER, PA (FHA\|USDA\|VA)	3	$755,000	$251,667	$2,938	3.33%
Lebanon, NH-VT (FHA\|USDA\|VA)	1	$665,000	$665,000	$2,918	3.75%
PORT ST. LUCIE, FL (FHA\|USDA\|VA)	2	$580,000	$290,000	$2,925	3.75%
STATE COLLEGE, PA (FHA\|USDA\|VA)	1	$465,000	$465,000	$4,736	5.50%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA\|USDA\|VA)	2	$420,000	$210,000	$3,683	3.88%
SALISBURY, MD-DE (FHA\|USDA\|VA)	1	$405,000	$405,000	$2,725	3.13%
Outside of Metro Areas	1	$375,000	$375,000	$2,598	3.75%
READING, PA (FHA\|USDA\|VA)	3	$295,000	$98,333	$1,965	4.17%
North Port-Sarasota-Bradenton, FL (FHA\|USDA\|VA)	1	$275,000	$275,000	$2,607	3.38%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA\|USDA\|VA)	2	$240,000	$120,000	$2,506	4.13%
FAYETTEVILLE, NC (FHA\|USDA\|VA)	1	$185,000	$185,000	$2,946	3.99%

Malvern Bank N.a.'s top markets include Philadelphia, Miami, New York, Kingston, and Savannah among others.

Their top states include:

Pennsylvania (FHA|USDA|VA)

Florida (FHA|USDA|VA)

New Jersey (FHA|USDA|VA)

New York (FHA|USDA|VA)

Georgia (FHA|USDA|VA)

Similar Lenders

We use machine learning to identify the top lenders compared against Malvern Bank N.A. based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

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Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	145	$63,905,000	$440,724	$3,447	3.93%

For 2019, Malvern Bank N.a.'s most frequently originated type of loan was Conventional, with 145 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Cash Out Refi	62	$27,580,000	$444,839	$3,459	3.76%
Home Purchase	41	$16,335,000	$398,415	$3,979	3.97%
Refi	22	$9,500,000	$431,818	$3,026	3.70%
Other	15	$10,215,000	$681,000	$3,321	4.66%
Home Improvement	5	$275,000	$55,000	$1,091	4.37%

For 2019, Malvern Bank N.a.'s most frequently cited loan purpose was Cash Out Refi, with 62 originations. The 2nd most popular reason was Home Purchase, with 41 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
30 Year	79	$47,135,000	$596,646	$4,396	4.00%
15 Year	42	$8,940,000	$212,857	$2,475	3.57%
10 Year	8	$1,460,000	$182,500	$475	4.84%
20 Year	5	$865,000	$173,000	$2,234	3.65%
5 Year	5	$125,000	$25,000	$120	4.90%
Other	5	$4,335,000	$867,000	$2,768	3.53%
30+ year	1	$1,045,000	$1,045,000	$11,936	4.25%

For 2019, Malvern Bank N.a.'s most frequently cited loan duration was 30 Year, with 79 originations. The 2nd most popular length was 15 Year, with 42 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$<1k	130	$49,530,000	$381,000
$1k-2k	6	$4,150,000	$691,667
$5k+	3	$4,405,000	$1,468,333
$2k-3k	1	$1,045,000	$1,045,000

Malvern Bank N.a.'s average total fees were $4,396, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 130 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
3-4%	100	$49,900,000	$499,000
4-5%	36	$10,630,000	$295,278
5-6%	8	$1,370,000	$171,250
2.5-3%	1	$2,005,000	$2,005,000

During 2019, Malvern Bank N.a.'s average interest rate for loans was 4.00%, while their most frequently originated rate bucket for loans was 3-4%, with 100 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$200k-400k	41	$11,825,000	$288,415	$3,003	3.74%
$100k-200k	36	$5,290,000	$146,944	$2,232	3.88%
$100,000 or less	22	$1,310,000	$59,545	$1,134	4.44%
$400k-600k	20	$9,890,000	$494,500	$4,154	3.98%
$600k-1MM	14	$10,390,000	$742,143	$5,317	3.88%
$1MM+	12	$25,200,000	$2,100,000	$10,237	3.73%

2019 saw Malvern Bank N.a. place emphasis on $200k-400k loans with 41 originations, totaling $11,825,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$250k+	40	$30,890,000	$772,250	$5,077	3.81%
$100k-150k	34	$6,610,000	$194,412	$2,272	3.93%
$150k-250k	24	$9,570,000	$398,750	$3,112	3.91%
$75k-100k	15	$2,445,000	$163,000	$2,073	4.16%
$50k-75k	10	$1,130,000	$113,000	$1,728	4.06%
$50k or less	6	$680,000	$113,333	$1,131	4.25%

Malvern Bank N.a. lent most frequently to those with incomes in the $250k+ range, with 40 originations. The second most popular income band? $100k-150k, with 34 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-30%	33	$10,795,000	$327,121	$3,059	3.97%
<20%	26	$15,290,000	$588,077	$3,857	3.77%
30-36%	24	$10,390,000	$432,917	$3,357	3.96%
41%	12	$2,820,000	$235,000	$2,406	3.91%
37%	7	$2,305,000	$329,286	$3,466	3.70%
38%	6	$2,050,000	$341,667	$2,784	4.40%
36%	6	$2,030,000	$338,333	$2,646	4.06%
42%	6	$1,640,000	$273,333	$2,627	3.75%
40%	4	$650,000	$162,500	$2,749	4.31%
39%	4	$2,150,000	$537,500	$3,331	3.66%
44%	3	$845,000	$281,667	$3,219	3.79%
45%	1	$285,000	$285,000	$3,558	5.00%
50-60%	1	$75,000	$75,000	$2,115	3.88%
>60%	1	$1,005,000	$1,005,000	$3,120	3.63%

Malvern Bank N.a. lent most frequently to those with DTI ratios of 20-30%, with 33 originations. The next most common DTI ratio? <20%, with 26 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	94	$44,460,000	$472,979	$3,666	3.92%
Not provided	34	$10,790,000	$317,353	$2,839	3.93%
Not applicable	3	$4,325,000	$1,441,667	$0	4.29%
Asian	10	$3,540,000	$354,000	$3,773	4.03%
Black	3	$635,000	$211,667	$2,548	3.33%
Korean	1	$155,000	$155,000	$2,424	3.88%

Approval Rates

Total approvals of all applications
85.83%

Malvern Bank N.a. has an average approval rate.

Pick Rate

Approvals leading to origination
78.62%

Malvern Bank N.a. has a below average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
NA	145	$63,905,000	$440,724

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	3	$4,325,000	$1,441,667
Single Family (1-4 Units):Site-Built	142	$59,580,000	$419,577

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	15	$2,465,000	$164,333	$2,078	3.89%
40-60%	18	$4,990,000	$277,222	$2,736	3.76%
60-80%	72	$33,450,000	$464,583	$3,590	3.89%
80-100%	27	$18,585,000	$688,333	$5,522	3.75%
Over 100%	1	$825,000	$825,000	$0	4.63%
Under 20%	12	$3,590,000	$299,167	$479	4.75%

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
Malvern Bank N.A.	100 West King Street Malvern, PA 19355	Full Service B&M	$49,193
Malvern Bank N.A.	1000 Ridge Road Pottstown, PA 19465	Full Service B&M	$51,666
Malvern Bank N.A.	163 Madison Avenue Morristown, NJ 7960	Full Service B&M	$201,939
Malvern Bank N.A.	205 Worth Ave, Suite 308 Palm Beach, FL 33480	Full Service B&M	$8,526
Malvern Bank N.A.	42 East Lancaster Avenue Paoli, PA 19301	Full Service B&M	$373,767
Malvern Bank N.A.	537 West Uwchlan Avenue Downingtown, PA 19335	Full Service B&M	$104,857
Malvern Bank N.A.	650 Lancaster Ave Berwyn, PA 19312	Full Service B&M	$43,487
Malvern Bank N.A.	801 E Lancaster Ave Villanova, PA 19085	Full Service B&M	$48,890
Malvern Bank N.A.	940 Baltimore Pike Glen Mills, PA 19342	Full Service B&M	$91,393

For 2019, Malvern Bank N.a. had 9 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$48,538
Net interest income	$30,482
Total noninterest income	$1,672
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$100
Trading account gains and fees	$0
Additional Noninterest Income	$1,572
Pre-tax net operating income	$12,006
Securities gains (or losses, -)	$28
Income before extraordinary items	$9,666
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$9,666
Minority interest net income	$0
Net income	$9,666
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$9,643

Malvern Bank N.a.'s gross interest income from loans was $48,538,000.
Malvern Bank N.a.'s net interest income from loans was $30,482,000.
Malvern Bank N.a.'s fee based income from loans was $100,000.
Malvern Bank N.a.'s net income from loans was $9,666,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$18,056
Provision for credit losses	$3,076
Total noninterest expense	$17,072
Salaries and employee benefits	$8,657
Premises and equipment expense	$2,068
Additional noninterest expense	$6,347
Applicable income taxes	$2,368
Net charge-offs	$2,361
Cash dividends	$0

Malvern Bank N.a.'s interest expense for loans was $18,056,000.
Malvern Bank N.a.'s payroll and benefits expense were $8,657,000.
Malvern Bank N.a.'s property, plant and equipment expenses $2,068,000.

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	1.0%
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	$958,622
Deposits held in domestic offices	$958,622
Deposits by Individuals, partnerships, and corporations	$646,391
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$288,281
Deposits by Commercial banks and other depository institutions in U.S.	$23,950
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$232,072
Demand deposits	$174,545
Nontransaction accounts	$726,550
Money market deposit accounts (MMDAs)	$431,842
Other savings deposits (excluding MMDAs)	$40,908
Total time deposits	$253,800
Total time and savings deposits	$784,077
Noninterest-bearing deposits	$56,177
Interest-bearing deposits	$902,445
Retail deposits	$855,258
IRAs and Keogh plan accounts	$47,562
Brokered deposits	$30,180
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$1,257,391
Cash & Balances due from depository institutions	$159,802
Interest-bearing balances	$155,925
Total securities	$44,301
Federal funds sold & reverse repurchase	$0
Net loans and leases	$992,630
Loan and leases loss allowance	$9,962
Trading account assets	$0
Bank premises and fixed assets	$6,594
Other real estate owned	$5,796
Goodwill and other intangibles	$173
All other assets	$48,095

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$1,257,391
Total Liabilities	$1,103,493
Total deposits	$958,622
Interest-bearing deposits	$902,445
Deposits held in domestic offices	$958,622
% insured (estimated)	$86
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$134,226
Subordinated debt	$0
All other liabilities	$10,645

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$992,630
Loan and leases loss allowance	$9,962
Total loans and leases (domestic)	$1,002,592
All real estate loans	$892,368
Real estate loans in domestic offices	$892,368
Construction and development loans	$52,719
Residential 1-4 family construction	$2,245
Other construction, all land development and other land	$50,474
Loans secured by nonfarm nonresidential properties	$494,936
Nonfarm nonresidential secured by owner-occupied properties	$40,304
Commercial real estate & other non-farm, non-residential	$454,632
Multifamily residential real estate	$43,473
1-4 family residential loans	$293,677
Farmland loans	$7,563
Loans held in foreign offices	$0
Farm loans	$0
Commercial and industrial loans	$108,063
To non-U.S. addressees	$0
Loans to individuals	$2,161
Credit card loans	$0
Related Plans	$0
Consumer Auto Loans	$91
Other loans to individuals	$2,070
All other loans & leases	$0
Loans to foreign governments and official institutions	$0
Other loans	$0
Loans to depository institutions and acceptances of other banks	$0
Loans not secured by real estate	$8,569
Loans secured by real estate to non-U.S. addressees	$0
Restructured Loans & leases	$3,458
Non 1-4 family restructured loans & leases	$97
Total loans and leases (foreign)	$0

Malvern Bank N.A. had $992,630,000 of loans outstanding in 2019. $892,368,000 of loans were in real estate loans. $52,719,000 of loans were in development loans. $43,473,000 of loans were in multifamily mortgage loans. $293,677,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $91,000 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	61	$16,971	$278,213
Nonfarm, nonresidential loans - <$100k	4	$280	$70,000
Nonfarm, nonresidential loans - $100-250k	14	$986	$70,429
Nonfarm, nonresidential loans - $250k-1MM	43	$15,705	$365,233
Commercial & Industrial, US addressed loans - <$1MM	98	$13,364	$136,367
Commercial & Industrial, US addressed loans - <$100k	65	$1,631	$25,092
Commercial & Industrial, US addressed loans - $100-250k	11	$1,110	$100,909
Commercial & Industrial, US addressed loans - $250k-1MM	22	$10,623	$482,864
Farmland loans - <$1MM	2	$435	$217,500
Farmland loans - $250k-1MM	2	$435	$217,500