Penn Security Bank & Trust Co. Mortgage Lending & HMDA Data, 2010
In 2010, Penn Security Bank & Trust Co. of Scranton, PA reported 593 mortgage applications totaling $83.5 million, down 11% from 2009. The average application was for $140,848, and applicants reported an average income of $90,387. 67% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Scranton--Wilkes-Barre, PA (471), Newark-Union, NJ-PA (15) and Allentown-Bethlehem-Easton, PA-NJ (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 | 593 |
| Total Mortgage Loan Application Amount | $83,523,000 |
| Average Mortgage Loan Application Amount | $140,848 |
| Highest Mortgage Loan Application Amount | $880,000 |
| Average Applicant Income | $90,387 |
| Highest Applicant Income | $687,000 |
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records Penn Security Bank & Trust Co. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 411 | $ 56,704,000 | $ 137,965 | $ 89,000 |
| Monroe, Pennsylvania | 80 | $ 12,768,000 | $ 159,600 | $ 102,000 |
| Luzerne, Pennsylvania | 48 | $ 5,662,000 | $ 117,958 | $ 97,000 |
| Pike, Pennsylvania | 15 | $ 1,902,000 | $ 126,800 | $ 79,000 |
| Wyoming, Pennsylvania | 12 | $ 1,617,000 | $ 134,750 | $ 55,000 |
| Wayne, Pennsylvania | 11 | $ 862,000 | $ 78,363 | $ 68,000 |
| Susquehanna, Pennsylvania | 4 | $ 807,000 | $ 201,750 | $ 95,000 |
| Beaufort, South Carolina | 3 | $ 931,000 | $ 310,333 | $ 95,000 |
| Northampton, Pennsylvania | 2 | $ 460,000 | $ 230,000 | $ 78,000 |
| Maricopa, Arizona | 1 | $ 395,000 | $ 395,000 | $ 207,000 |
| Hudson, New Jersey | 1 | $ 400,000 | $ 400,000 | $ 176,000 |
| Chenango, New York | 1 | $ 50,000 | $ 50,000 | $ 0 |
| Bucks, Pennsylvania | 1 | $ 277,000 | $ 277,000 | $ 74,000 |
| Lehigh, Pennsylvania | 1 | $ 118,000 | $ 118,000 | $ 61,000 |
| Schuylkill, Pennsylvania | 1 | $ 225,000 | $ 225,000 | $ 0 |
| Washington, Pennsylvania | 1 | $ 345,000 | $ 345,000 | $ 301,000 |
Mortgage Loan Application Detail Totals for Penn Security Bank & Trust Co. in 2010
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 | 318 | $50,887,000 | $160,000 | $850,000 | $95,000 | $687,000 |
| Home Purchase | 160 | $23,644,000 | $147,000 | $750,000 | $93,000 | $611,000 |
| Home Improvement | 115 | $8,992,000 | $78,000 | $880,000 | $74,000 | $640,000 |
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 | 527 | $73,146,000 | $138,000 | $880,000 | $90,000 | $687,000 |
| Not Provided | 20 | $3,914,000 | $195,000 | $417,000 | $131,000 | $576,000 |
| Hispanic | 16 | $1,965,000 | $122,000 | $348,000 | $73,000 | $136,000 |
| Not applicable | 12 | $1,087,000 | $90,000 | $225,000 | $0 | $4,000 |
| Asian | 11 | $2,085,000 | $189,000 | $400,000 | $168,000 | $492,000 |
| Black or African American | 7 | $1,326,000 | $189,000 | $297,000 | $84,000 | $195,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| 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) | 593 | $83,523,000 | $140,000 | $880,000 | $91,000 | $687,000 |
| 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 | 397 | $53,420,000 | $134,000 | $880,000 | $94,000 | $640,000 |
| Application Withdrawn By Applicant | 102 | $17,759,000 | $174,000 | $750,000 | $108,000 | $687,000 |
| Application Denied By Financial Institution | 84 | $11,118,000 | $132,000 | $500,000 | $57,000 | $195,000 |
| Application Approved But Not Accepted | 10 | $1,226,000 | $122,000 | $341,000 | $56,000 | $105,000 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Collateral | 3 | $458,000 | $152,000 | $168,000 | $59,000 | $66,000 |
| Credit History | 3 | $294,000 | $98,000 | $104,000 | $38,000 | $57,000 |
| Debt-To-Income Ratio | 2 | $147,000 | $73,000 | $145,000 | $43,000 | $66,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $64,000 | $64,000 | $64,000 | $63,000 | $63,000 |
| Other | 1 | $66,000 | $66,000 | $66,000 | $64,000 | $64,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Penn Security Bank & Trust Co.'s 2010 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