Penn Security Bank & Trust Co. Mortgage Lending & HMDA Data, 2011
In 2011, Penn Security Bank & Trust Co. of Scranton, PA reported 779 mortgage applications totaling $100.7 million, up 31% from 2010. The average application was for $129,272, and applicants reported an average income of $89,083. 68% of its applications resulted in an originated loan and 18% were denied. Its largest markets were Scranton--Wilkes-Barre, PA (619), Newark-Union, NJ-PA (9) and Allentown-Bethlehem-Easton, PA-NJ (7) (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 | 779 |
| Total Mortgage Loan Application Amount | $100,703,000 |
| Average Mortgage Loan Application Amount | $129,272 |
| Highest Mortgage Loan Application Amount | $1,345,000 |
| Average Applicant Income | $89,083 |
| Highest Applicant Income | $1,008,000 |
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records Penn Security Bank & Trust Co. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 519 | $ 63,884,000 | $ 123,090 | $ 85,000 |
| Monroe, Pennsylvania | 99 | $ 13,766,000 | $ 139,050 | $ 103,000 |
| Luzerne, Pennsylvania | 85 | $ 9,334,000 | $ 109,811 | $ 74,000 |
| Wayne, Pennsylvania | 23 | $ 2,481,000 | $ 107,869 | $ 90,000 |
| Susquehanna, Pennsylvania | 16 | $ 2,470,000 | $ 154,375 | $ 91,000 |
| Wyoming, Pennsylvania | 15 | $ 1,811,000 | $ 120,733 | $ 86,000 |
| Pike, Pennsylvania | 9 | $ 2,622,000 | $ 291,333 | $ 226,000 |
| Lehigh, Pennsylvania | 5 | $ 2,250,000 | $ 450,000 | $ 120,000 |
| Sussex, Delaware | 3 | $ 1,221,000 | $ 407,000 | $ 164,000 |
| Montour, Pennsylvania | 2 | $ 160,000 | $ 80,000 | $ 108,000 |
| Carbon, Pennsylvania | 1 | $ 135,000 | $ 135,000 | $ 184,000 |
| Northampton, Pennsylvania | 1 | $ 348,000 | $ 348,000 | $ 114,000 |
| Schuylkill, Pennsylvania | 1 | $ 221,000 | $ 221,000 | $ 108,000 |
Mortgage Loan Application Detail Totals for Penn Security Bank & Trust Co. in 2011
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 | 398 | $64,612,000 | $162,000 | $1,345,000 | $97,000 | $919,000 |
| Home Improvement | 215 | $12,117,000 | $56,000 | $1,000,000 | $66,000 | $501,000 |
| Home Purchase | 166 | $23,974,000 | $144,000 | $872,000 | $100,000 | $1,008,000 |
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 | 608 | $70,722,000 | $116,000 | $1,345,000 | $84,000 | $1,008,000 |
| Not Provided | 111 | $18,607,000 | $167,000 | $537,000 | $107,000 | $501,000 |
| Hispanic | 20 | $2,295,000 | $114,000 | $405,000 | $71,000 | $133,000 |
| Asian | 14 | $3,416,000 | $244,000 | $1,160,000 | $256,000 | $919,000 |
| Not applicable | 14 | $3,737,000 | $266,000 | $965,000 | $22,000 | $277,000 |
| Black or African American | 10 | $1,288,000 | $128,000 | $220,000 | $71,000 | $154,000 |
| American Indian or Alaskan Native | 2 | $638,000 | $319,000 | $383,000 | $87,000 | $96,000 |
| Native Hawaiian or Other Pacific Islander | 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) | 779 | $100,703,000 | $129,000 | $1,345,000 | $89,000 | $1,008,000 |
| 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 | 532 | $65,245,000 | $122,000 | $1,160,000 | $92,000 | $1,008,000 |
| Application Denied By Financial Institution | 138 | $14,650,000 | $106,000 | $540,000 | $63,000 | $501,000 |
| Application Withdrawn By Applicant | 67 | $11,961,000 | $178,000 | $965,000 | $104,000 | $773,000 |
| Application Approved But Not Accepted | 29 | $6,790,000 | $234,000 | $1,345,000 | $114,000 | $435,000 |
| File Closed For Incompleteness | 13 | $2,057,000 | $158,000 | $411,000 | $97,000 | $285,000 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Penn Security Bank & Trust Co.'s 2011 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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