Pineland Bank Mortgage Rates, Fees & Info

Alma, GA

LEI: 2549008AGLU4AEH9GZ71

Tax ID: 58-0137310

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

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Mortgage Data

Review & Overview

Pineland Bank is a smaller bank specializing in Home Purchase and Refi loans. Pineland Bank has a high proportion of conventional loans. Their top markets by origination volume include: Jacksonville, Statesboro, St. Marys, Savannah, and Douglas among others. We have data for 13 markets. (Some data included below & more in-depth data is available with an active subscription.)

Pineland Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.

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Originations

141

Origination Dollar Volume (All Markets)

$27,985,000

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
JACKSONVILLE, FL (FHA|USDA|VA) 30 $10,280,000 $342,667 $0 0.00%
Outside of Metro Areas 61 $8,225,000 $134,836 $0 0.00%
Statesboro, GA (FHA|USDA|VA) 5 $3,285,000 $657,000 $0 0.00%
St. Marys, GA (FHA|USDA|VA) 13 $1,395,000 $107,308 $0 0.00%
SAVANNAH, GA (FHA|USDA|VA) 2 $1,380,000 $690,000 $0 0.00%
Douglas, GA (FHA|USDA|VA) 14 $1,310,000 $93,571 $0 0.00%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 2 $1,010,000 $505,000 $0 0.00%
Waycross, GA (FHA|USDA|VA) 5 $545,000 $109,000 $0 0.00%
BRUNSWICK, GA (FHA|USDA|VA) 3 $195,000 $65,000 $0 0.00%
Fitzgerald, GA (FHA|USDA|VA) 3 $135,000 $45,000 $0 0.00%
Vidalia, GA (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
WARNER ROBINS, GA (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
HINESVILLE, GA (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
Pineland Bank's top markets include Jacksonville, Statesboro, St. Marys, Savannah, and Douglas among others.

Their top states include:
  • Georgia (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 141 $27,985,000 $198,475 $0 0.00%

    For 2022, Pineland Bank's most frequently originated type of loan was Conventional, with 141 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 66 $14,690,000 $222,576 $0 0.00%
    Refi 62 $11,770,000 $189,839 $0 0.00%
    Other 7 $1,105,000 $157,857 $0 0.00%
    Home Improvement 6 $420,000 $70,000 $0 0.00%

    For 2022, Pineland Bank's most frequently cited loan purpose was Home Purchase, with 66 originations. The 2nd most popular reason was Refi, with 62 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 141 $27,985,000 $198,475 $0 0.00%

    For 2022, Pineland Bank's most frequently cited loan duration was Other, with 141 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 76 $4,210,000 $55,395 $0 0.00%
    $100k-200k 27 $3,895,000 $144,259 $0 0.00%
    $200k-400k 23 $6,395,000 $278,043 $0 0.00%
    $400k-600k 8 $4,040,000 $505,000 $0 0.00%
    $600k-1MM 4 $3,240,000 $810,000 $0 0.00%
    $1MM+ 3 $6,205,000 $2,068,333 $0 0.00%

    2022 saw Pineland Bank place emphasis on $100,000 or less loans with 76 originations, totaling $4,210,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 27 $4,355,000 $161,296 $0 0.00%
    $75k-100k 23 $2,345,000 $101,957 $0 0.00%
    $150k-250k 22 $5,410,000 $245,909 $0 0.00%
    $50k-75k 22 $1,790,000 $81,364 $0 0.00%
    $50k or less 17 $645,000 $37,941 $0 0.00%
    $250k+ 12 $6,740,000 $561,667 $0 0.00%

    Pineland Bank lent most frequently to those with incomes in the $100k-150k range, with 27 originations. The second most popular income band? $75k-100k, with 23 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 141 $27,985,000 $198,475 $0 0.00%

    Pineland Bank lent most frequently to those with DTI ratios of Exempt%, with 141 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 116 $20,900,000 $180,172 $0 0.00%
    Not applicable 18 $6,700,000 $372,222 $0 0.00%
    Black 6 $290,000 $48,333 $0 0.00%
    Asian 1 $95,000 $95,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.82%

    Pineland Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    92.20%

    Pineland Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 141 $27,985,000 $198,475

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    141 $27,985,000 $198,475