Penn Security Bank & Trust Co. Mortgage Lending & HMDA Data, 2009
In 2009, Penn Security Bank & Trust Co. of Scranton, PA reported 668 mortgage applications totaling $82.2 million, up 49% from 2008. The average application was for $123,040, and applicants reported an average income of $101,812. 79% of its applications resulted in an originated loan and 10% were denied. Its largest markets were Scranton--Wilkes-Barre, PA (521), Newark-Union, NJ-PA (14) and Allentown-Bethlehem-Easton, PA-NJ (6) (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 | 668 |
| Total Mortgage Loan Application Amount | $82,191,000 |
| Average Mortgage Loan Application Amount | $123,040 |
| Highest Mortgage Loan Application Amount | $1,070,000 |
| Average Applicant Income | $101,812 |
| Highest Applicant Income | $3,000,000 |
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records Penn Security Bank & Trust Co. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 460 | $ 55,032,000 | $ 119,634 | $ 101,000 |
| Monroe, Pennsylvania | 90 | $ 11,264,000 | $ 125,155 | $ 103,000 |
| Luzerne, Pennsylvania | 48 | $ 5,759,000 | $ 119,979 | $ 95,000 |
| Wayne, Pennsylvania | 17 | $ 1,551,000 | $ 91,235 | $ 66,000 |
| Pike, Pennsylvania | 14 | $ 1,969,000 | $ 140,642 | $ 135,000 |
| Wyoming, Pennsylvania | 13 | $ 2,607,000 | $ 200,538 | $ 107,000 |
| Susquehanna, Pennsylvania | 9 | $ 1,139,000 | $ 126,555 | $ 82,000 |
| Cape May, New Jersey | 4 | $ 1,323,000 | $ 330,750 | $ 254,000 |
| Northampton, Pennsylvania | 4 | $ 216,000 | $ 54,000 | $ 83,000 |
| Bucks, Pennsylvania | 2 | $ 341,000 | $ 170,500 | $ 91,000 |
| Warren, New Jersey | 1 | $ 130,000 | $ 130,000 | $ 19,000 |
| Berks, Pennsylvania | 1 | $ 80,000 | $ 80,000 | $ 440,000 |
| Centre, Pennsylvania | 1 | $ 120,000 | $ 120,000 | $ 293,000 |
| Lehigh, Pennsylvania | 1 | $ 233,000 | $ 233,000 | $ 146,000 |
| Lycoming, Pennsylvania | 1 | $ 25,000 | $ 25,000 | $ 28,000 |
| Philadelphia, Pennsylvania | 1 | $ 5,000 | $ 5,000 | $ 41,000 |
| Beaufort, South Carolina | 1 | $ 397,000 | $ 397,000 | $ 0 |
Mortgage Loan Application Detail Totals for Penn Security Bank & Trust Co. in 2009
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 |
|---|---|---|---|---|---|---|
| Refinancing | 430 | $60,120,000 | $139,000 | $1,070,000 | $100,000 | $846,000 |
| Home Purchase | 133 | $18,142,000 | $136,000 | $600,000 | $117,000 | $3,000,000 |
| Home Improvement | 105 | $3,929,000 | $37,000 | $270,000 | $90,000 | $926,000 |
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 | 637 | $79,091,000 | $124,000 | $1,070,000 | $102,000 | $3,000,000 |
| Hispanic | 20 | $1,616,000 | $80,000 | $238,000 | $90,000 | $570,000 |
| Black or African American | 5 | $595,000 | $119,000 | $160,000 | $103,000 | $166,000 |
| Not Provided | 4 | $496,000 | $124,000 | $192,000 | $103,000 | $145,000 |
| Asian | 2 | $393,000 | $196,000 | $233,000 | $96,000 | $146,000 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 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) | 668 | $82,191,000 | $123,000 | $1,070,000 | $102,000 | $3,000,000 |
| 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 | 530 | $65,458,000 | $123,000 | $1,070,000 | $110,000 | $3,000,000 |
| Application Denied By Financial Institution | 68 | $6,529,000 | $96,000 | $417,000 | $48,000 | $166,000 |
| Application Withdrawn By Applicant | 52 | $6,704,000 | $128,000 | $480,000 | $97,000 | $475,000 |
| File Closed For Incompleteness | 18 | $3,500,000 | $194,000 | $417,000 | $95,000 | $304,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 25 | $3,752,000 | $150,000 | $417,000 | $37,000 | $127,000 |
| Credit History | 13 | $812,000 | $62,000 | $140,000 | $47,000 | $84,000 |
| Collateral | 3 | $535,000 | $178,000 | $280,000 | $72,000 | $119,000 |
| Other | 2 | $525,000 | $262,000 | $365,000 | $117,000 | $166,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $132,000 | $132,000 | $132,000 | $69,000 | $69,000 |
| Mortgage Insurance Denied | 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 2009 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.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About