Pineland Bank Mortgage Rates, Fees & Info

Alma, GA

LEI: 2549008AGLU4AEH9GZ71

Tax ID: 58-0137310

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

Jump to:

Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • 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, St. Marys, Waycross, Statesboro, and Brunswick among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Pineland Bank has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders. Pineland Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    109

    Origination Dollar Volume (All Markets)

    $13,365,000

    Employee count

    105

    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) 23 $5,995,000 $260,652 $3,154 5.80%
    Outside of Metro Areas 53 $4,575,000 $86,321 $1,771 6.40%
    St. Marys, GA (FHA|USDA|VA) 16 $710,000 $44,375 $1,363 6.47%
    Waycross, GA (FHA|USDA|VA) 4 $660,000 $165,000 $6,901 5.35%
    Statesboro, GA (FHA|USDA|VA) 7 $595,000 $85,000 $1,463 6.17%
    BRUNSWICK, GA (FHA|USDA|VA) 2 $440,000 $220,000 $0 6.88%
    VALDOSTA, GA (FHA|USDA|VA) 1 $235,000 $235,000 $3,662 5.13%
    SAVANNAH, GA (FHA|USDA|VA) 1 $85,000 $85,000 $0 6.75%
    Douglas, GA (FHA|USDA|VA) 2 $70,000 $35,000 $1,541 5.54%
    Pineland Bank's top markets include Jacksonville, St. Marys, Waycross, Statesboro, and Brunswick 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 109 $13,365,000 $122,615 $2,096 6.21%

    For 2018, Pineland Bank's most frequently originated type of loan was Conventional, with 109 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 53 $6,145,000 $115,943 $2,491 6.10%
    Refi 48 $6,970,000 $145,208 $1,776 6.30%
    Home Improvement 4 $130,000 $32,500 $1,589 6.72%
    Other 4 $120,000 $30,000 $1,782 6.18%

    For 2018, Pineland Bank's most frequently cited loan purpose was Home Purchase, with 53 originations. The 2nd most popular reason was Refi, with 48 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 72 $6,670,000 $92,639 $1,727 6.29%
    30 Year 9 $1,515,000 $168,333 $3,374 5.28%
    5 Year 8 $450,000 $56,250 $0 6.66%
    1 Year 6 $410,000 $68,333 $0 6.71%
    20 Year 6 $2,290,000 $381,667 $0 6.17%
    10 Year 3 $355,000 $118,333 $2,696 4.83%
    3 Year 3 $435,000 $145,000 $0 6.77%
    15 Year 2 $1,240,000 $620,000 $0 5.88%

    For 2018, Pineland Bank's most frequently cited loan duration was Other, with 72 originations. The 2nd most popular length was 30 Year, with 9 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 33 $1,755,000 $53,182
    $1k-2k 10 $1,340,000 $134,000
    $2k-3k 4 $1,000,000 $250,000
    $4k-5k 1 $455,000 $455,000

    Pineland Bank's average total fees were $3,374, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 33 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 48 $4,370,000 $91,042
    5-6% 39 $6,995,000 $179,359
    7-8% 11 $375,000 $34,091
    4-5% 10 $1,580,000 $158,000
    Over 8% 1 $45,000 $45,000

    During 2018, Pineland Bank's average interest rate for loans was 5.28%, while their most frequently originated rate bucket for loans was 6-7%, with 48 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 70 $2,900,000 $41,429 $1,471 6.43%
    $100k-200k 20 $2,610,000 $130,500 $2,412 5.99%
    $200k-400k 13 $3,645,000 $280,385 $3,939 5.56%
    $600k-1MM 4 $3,250,000 $812,500 $0 6.00%
    $400k-600k 2 $960,000 $480,000 $6,901 5.50%

    2018 saw Pineland Bank place emphasis on $100,000 or less loans with 70 originations, totaling $2,900,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 27 $1,175,000 $43,519 $1,500 6.45%
    $50k-75k 19 $1,075,000 $56,579 $1,994 6.60%
    $75k-100k 18 $1,950,000 $108,333 $2,498 5.86%
    $100k-150k 9 $905,000 $100,556 $2,029 5.95%
    $150k-250k 9 $1,945,000 $216,111 $4,657 5.92%
    $250k+ 4 $2,300,000 $575,000 $0 6.13%

    Pineland Bank lent most frequently to those with incomes in the $50k or less range, with 27 originations. The second most popular income band? $50k-75k, with 19 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 20 $1,540,000 $77,000 $1,603 6.22%
    30-36% 16 $3,070,000 $191,875 $2,953 5.91%
    <20% 13 $645,000 $49,615 $1,502 6.10%
    37% 4 $240,000 $60,000 $1,707 5.96%
    41% 3 $105,000 $35,000 $1,632 6.59%
    36% 3 $375,000 $125,000 $3,093 6.38%
    39% 3 $295,000 $98,333 $2,618 6.22%
    40% 3 $335,000 $111,667 $1,899 6.21%
    47% 3 $105,000 $35,000 $1,569 6.53%
    44% 2 $310,000 $155,000 $4,807 5.88%
    >60% 2 $160,000 $80,000 $0 6.88%
    43% 2 $100,000 $50,000 $0 6.88%
    38% 1 $55,000 $55,000 $1,529 6.34%
    45% 1 $65,000 $65,000 $0 7.25%
    42% 1 $45,000 $45,000 $0 8.25%
    46% 1 $145,000 $145,000 $669 5.73%

    Pineland Bank lent most frequently to those with DTI ratios of 20-30%, with 20 originations. The next most common DTI ratio? 30-36%, with 16 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 87 $10,095,000 $116,034 $2,078 6.19%
    Not applicable 14 $2,840,000 $202,857 $0 6.17%
    Black 8 $430,000 $53,750 $2,250 6.54%

    Approval Rates

    Total approvals of all applications
    85.61%

    Pineland Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    90.83%

    Pineland Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    258.75 1 $35,000 $35,000
    263.75 1 $35,000 $35,000
    268.75 1 $5,000 $5,000
    294.25 1 $15,000 $15,000
    503.25 1 $5,000 $5,000
    613.75 1 $25,000 $25,000
    NA 103 $13,245,000 $128,592

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $995,000 $995,000
    Single Family (1-4 Units):Manufactured 36 $1,300,000 $36,111
    Single Family (1-4 Units):Site-Built 72 $11,070,000 $153,750

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 16 $1,810,000 $113,125 $1,199 6.41%
    40-60% 15 $1,665,000 $111,000 $1,735 6.08%
    60-80% 49 $6,675,000 $136,224 $2,340 6.14%
    80-100% 22 $3,000,000 $136,364 $2,638 6.07%
    Over 100% 2 $40,000 $20,000 $0 6.75%
    Under 20% 5 $175,000 $35,000 $1,666 7.12%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Pineland Bank 120 Kings Bay Road Saint Marys, GA 31558 Full Service B&M $6,523
    Pineland Bank 200 Lanier Street Metter, GA 30439 Full Service B&M $11,246
    Pineland Bank 201 East King Avenue Kingsland, GA 31548 Full Service B&M $28,467
    Pineland Bank 257 North Broad Street Metter, GA 30439 Full Service B&M $30,405
    Pineland Bank 501 West 12th Street Alma, GA 31510 Full Service B&M $60,238
    Pineland Bank 715 Centre Street Fernandina Beach, FL 32034 Full Service B&M $10,871
    Pineland Bank 72 East Parker Street Baxley, GA 31513 Full Service B&M $80,099
    Pineland Bank U.S. Highway 1 And 18th Street Alma, GA 31510 Limited, Drive-thru $17,993

    For 2018, Pineland Bank had 8 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $13,364
    Net interest income $12,589
    Total noninterest income $1,632
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,635
    Trading account gains and fees $0
    Additional Noninterest Income $-3
    Pre-tax net operating income $2,133
    Securities gains (or losses, -) $0
    Income before extraordinary items $1,638
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,638
    Minority interest net income $0
    Net income $1,638
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,638

    Pineland Bank's gross interest income from loans was $13,364,000.
    Pineland Bank's net interest income from loans was $12,589,000.
    Pineland Bank's fee based income from loans was $1,635,000.
    Pineland Bank's net income from loans was $1,638,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $775
    Provision for credit losses $200
    Total noninterest expense $11,888
    Salaries and employee benefits $7,077
    Premises and equipment expense $1,401
    Additional noninterest expense $3,410
    Applicable income taxes $495
    Net charge-offs $21
    Cash dividends $0

    Pineland Bank's interest expense for loans was $775,000.
    Pineland Bank's payroll and benefits expense were $7,077,000.
    Pineland Bank's property, plant and equipment expenses $1,401,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.4%
    Other individual loans 0.0%
    Auto loans 2.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $242,194
    Deposits held in domestic offices $242,194
    Deposits by Individuals, partnerships, and corporations $224,796
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $17,398
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $117,536
    Demand deposits $99,136
    Nontransaction accounts $124,658
    Money market deposit accounts (MMDAs) $19,128
    Other savings deposits (excluding MMDAs) $33,670
    Total time deposits $71,860
    Total time and savings deposits $143,058
    Noninterest-bearing deposits $71,728
    Interest-bearing deposits $170,466
    Retail deposits $237,008
    IRAs and Keogh plan accounts $11,210
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $273,757
    Cash & Balances due from depository institutions $34,107
    Interest-bearing balances $31,281
    Total securities $21,671
    Federal funds sold & reverse repurchase $6,800
    Net loans and leases $198,741
    Loan and leases loss allowance $2,949
    Trading account assets $0
    Bank premises and fixed assets $7,375
    Other real estate owned $1,738
    Goodwill and other intangibles $0
    All other assets $3,325

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $273,757
    Total Liabilities $243,643
    Total deposits $242,194
    Interest-bearing deposits $170,466
    Deposits held in domestic offices $242,194
    % insured (estimated) $87
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $1,449

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $198,741
    Loan and leases loss allowance $2,949
    Total loans and leases (domestic) $201,690
    All real estate loans $173,204
    Real estate loans in domestic offices $173,204
    Construction and development loans $19,442
    Residential 1-4 family construction $3,630
    Other construction, all land development and other land $15,812
    Loans secured by nonfarm nonresidential properties $86,627
    Nonfarm nonresidential secured by owner-occupied properties $47,360
    Commercial real estate & other non-farm, non-residential $39,267
    Multifamily residential real estate $2,094
    1-4 family residential loans $28,268
    Farmland loans $36,773
    Loans held in foreign offices $0
    Farm loans $4,016
    Commercial and industrial loans $16,256
    To non-U.S. addressees $0
    Loans to individuals $6,670
    Credit card loans $532
    Related Plans $349
    Consumer Auto Loans $1,117
    Other loans to individuals $4,672
    All other loans & leases $1,544
    Loans to foreign governments and official institutions $0
    Other loans $1,288
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $619
    Non 1-4 family restructured loans & leases $11
    Total loans and leases (foreign) $0

    Pineland Bank had $198,741,000 of loans outstanding in 2018. $173,204,000 of loans were in real estate loans. $19,442,000 of loans were in development loans. $2,094,000 of loans were in multifamily mortgage loans. $28,268,000 of loans were in 1-4 family mortgage loans. $4,016,000 of loans were in farm loans. $532,000 of loans were in credit card loans. $1,117,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 278 $52,991 $190,615
    Nonfarm, nonresidential loans - <$100k 117 $3,924 $33,538
    Nonfarm, nonresidential loans - $100-250k 60 $7,715 $128,583
    Nonfarm, nonresidential loans - $250k-1MM 101 $41,352 $409,426
    Commercial & Industrial, US addressed loans - <$1MM 415 $16,256 $39,171
    Commercial & Industrial, US addressed loans - <$100k 359 $5,780 $16,100
    Commercial & Industrial, US addressed loans - $100-250k 36 $4,131 $114,750
    Commercial & Industrial, US addressed loans - $250k-1MM 20 $6,345 $317,250
    Farmland loans - <$1MM 171 $17,805 $104,123
    Farmland loans - <$100k 84 $3,115 $37,083
    Farmland loans - $100-250k 55 $6,782 $123,309
    Farmland loans - $250k-1MM 32 $7,908 $247,125
    Agriculture operations loans - <$1MM 114 $3,440 $30,175
    Agriculture operations loans - <$100k 106 $2,408 $22,717
    Agriculture operations loans - $100-250k 7 $732 $104,571
    Agriculture operations loans - $250k-1MM 1 $300 $300,000