Penn Security Bank & Trust Co. Mortgage Lending & HMDA Data, 2005
In 2005, Penn Security Bank & Trust Co. of Scranton, PA reported 607 mortgage applications totaling $72.0 million, down 14% from 2004. The average application was for $118,558, and applicants reported an average income of $91,451. 84% of its applications resulted in an originated loan and 6% were denied. Its largest markets were Scranton--Wilkes-Barre, PA (430), Allentown-Bethlehem-Easton, PA-NJ (4) and Philadelphia, PA (3) (applications in parentheses).
| Mortgage Company & Address | Penn Security Bank & Trust Co. 150 N Washington Avenue Scranton, PA 18503 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 607 |
| Total Mortgage Loan Application Amount | $71,965,000 |
| Average Mortgage Loan Application Amount | $118,558 |
| Highest Mortgage Loan Application Amount | $1,050,000 |
| Average Applicant Income | $91,451 |
| Highest Applicant Income | $1,345,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Penn Security Bank & Trust Co. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Lackawanna, Pennsylvania | 394 | $ 40,995,000 | $ 104,048 | $ 115,000 |
| Monroe, Pennsylvania | 107 | $ 15,828,000 | $ 147,925 | $ 92,000 |
| Susquehanna, Pennsylvania | 22 | $ 2,817,000 | $ 128,045 | $ 85,000 |
| Wayne, Pennsylvania | 19 | $ 2,592,000 | $ 136,421 | $ 103,000 |
| Wyoming, Pennsylvania | 19 | $ 2,283,000 | $ 120,157 | $ 65,000 |
| Luzerne, Pennsylvania | 17 | $ 2,779,000 | $ 163,470 | $ 59,000 |
| Pike, Pennsylvania | 13 | $ 1,746,000 | $ 134,307 | $ 64,000 |
| Carbon, Pennsylvania | 2 | $ 484,000 | $ 242,000 | $ 151,000 |
| Montgomery, Pennsylvania | 2 | $ 732,000 | $ 366,000 | $ 164,000 |
| Northampton, Pennsylvania | 2 | $ 75,000 | $ 37,500 | $ 51,000 |
| Sussex, Delaware | 1 | $ 180,000 | $ 180,000 | $ 188,000 |
| Knox, Maine | 1 | $ 148,000 | $ 148,000 | $ 194,000 |
| Camden, New Jersey | 1 | $ 71,000 | $ 71,000 | $ 61,000 |
| Essex, New Jersey | 1 | $ 160,000 | $ 160,000 | $ 67,000 |
| New York, New York | 1 | $ 250,000 | $ 250,000 | $ 90,000 |
| Allegheny, Pennsylvania | 1 | $ 400,000 | $ 400,000 | $ 225,000 |
| Berks, Pennsylvania | 1 | $ 75,000 | $ 75,000 | $ 19,000 |
| Bradford, Pennsylvania | 1 | $ 100,000 | $ 100,000 | $ 31,000 |
| Bucks, Pennsylvania | 1 | $ 155,000 | $ 155,000 | $ 109,000 |
| Lancaster, Pennsylvania | 1 | $ 95,000 | $ 95,000 | $ 93,000 |
Mortgage Loan Application Detail Totals for Penn Security Bank & Trust Co. in 2005
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Home Purchase | 279 | $46,575,000 | $170,000 | $1,036,000 | $117,250 | $1,345,000 |
| Refinancing | 224 | $21,690,000 | $96,000 | $1,050,000 | $69,000 | $504,000 |
| Home Improvement | 104 | $3,700,000 | $107,000 | $288,000 | $124,000 | $404,000 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 569 | $66,975,000 | $162,000 | $1,050,000 | $122,800 | $504,000 |
| Hispanic | 15 | $1,692,000 | $112,000 | $380,000 | $108,000 | $406,000 |
| Not Provided | 10 | $1,282,000 | $128,000 | $272,000 | $120,000 | $270,000 |
| Asian | 6 | $1,129,000 | $188,000 | $315,000 | $113,000 | $159,000 |
| Not applicable | 4 | $686,000 | $171,000 | $362,000 | $381,000 | $1,345,000 |
| Black or African American | 2 | $65,000 | $32,000 | $52,000 | $51,000 | $57,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $136,000 | $136,000 | $136,000 | $54,000 | $54,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 607 | $71,965,000 | $162,200 | $1,050,000 | $126,600 | $1,345,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 507 | $58,953,000 | $173,250 | $1,050,000 | $143,250 | $1,345,000 |
| Application Withdrawn By Applicant | 49 | $7,231,000 | $147,000 | $480,000 | $129,000 | $406,000 |
| Application Denied By Financial Institution | 38 | $4,166,000 | $112,000 | $1,036,000 | $67,000 | $186,000 |
| File Closed For Incompleteness | 11 | $1,388,000 | $126,000 | $271,000 | $61,000 | $170,000 |
| Application Approved But Not Accepted | 2 | $227,000 | $113,000 | $161,000 | $62,000 | $74,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Credit History | 28 | $2,389,000 | $99,000 | $240,000 | $63,500 | $152,000 |
| Debt-To-Income Ratio | 7 | $701,000 | $100,000 | $223,000 | $74,000 | $105,000 |
| Collateral | 2 | $40,000 | $20,000 | $20,000 | $48,000 | $75,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $1,036,000 | $1,036,000 | $1,036,000 | $186,000 | $186,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Penn Security Bank & Trust Co.'s 2005 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Penn Security Bank & Trust Co.'s mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
For a list of all lenders in Pennsylvania, download the full spreadsheet
with aggregated HMDA statistics today.
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