Pineland Bank Mortgage Rates, Fees & Info

Alma, GA

LEI: 2549008AGLU4AEH9GZ71

Tax ID: 58-0137310

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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, Brunswick, and Douglas among others. We have data for 8 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 a below average pick rate when compared to similar lenders.

    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.

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    Originations

    126

    Origination Dollar Volume (All Markets)

    $19,110,000

    Employee count

    97

    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) 29 $9,805,000 $338,103 $0 0.00%
    Outside of Metro Areas 71 $6,415,000 $90,352 $0 0.00%
    St. Marys, GA (FHA|USDA|VA) 12 $950,000 $79,167 $0 0.00%
    Waycross, GA (FHA|USDA|VA) 4 $600,000 $150,000 $0 0.00%
    BRUNSWICK, GA (FHA|USDA|VA) 2 $490,000 $245,000 $0 0.00%
    Douglas, GA (FHA|USDA|VA) 4 $370,000 $92,500 $0 0.00%
    Statesboro, GA (FHA|USDA|VA) 3 $355,000 $118,333 $0 0.00%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
    Pineland Bank's top markets include Jacksonville, St. Marys, Waycross, Brunswick, and Douglas among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 126 $19,110,000 $151,667 $0 0.00%

    For 2020, Pineland Bank's most frequently originated type of loan was Conventional, with 126 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 69 $12,095,000 $175,290 $0 0.00%
    Refi 49 $6,515,000 $132,959 $0 0.00%
    Home Improvement 6 $300,000 $50,000 $0 0.00%
    Other 2 $200,000 $100,000 $0 0.00%

    For 2020, Pineland Bank's most frequently cited loan purpose was Home Purchase, with 69 originations. The 2nd most popular reason was Refi, with 49 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 126 $19,110,000 $151,667 $0 0.00%

    For 2020, Pineland Bank's most frequently cited loan duration was Other, with 126 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 68 $3,430,000 $50,441 $0 0.00%
    $100k-200k 29 $4,415,000 $152,241 $0 0.00%
    $200k-400k 22 $6,010,000 $273,182 $0 0.00%
    $400k-600k 4 $1,950,000 $487,500 $0 0.00%
    $600k-1MM 2 $1,460,000 $730,000 $0 0.00%
    $1MM+ 1 $1,845,000 $1,845,000 $0 0.00%

    2020 saw Pineland Bank place emphasis on $100,000 or less loans with 68 originations, totaling $3,430,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 25 $1,985,000 $79,400 $0 0.00%
    $100k-150k 21 $3,225,000 $153,571 $0 0.00%
    $75k-100k 21 $2,735,000 $130,238 $0 0.00%
    $50k or less 16 $860,000 $53,750 $0 0.00%
    $150k-250k 11 $1,975,000 $179,545 $0 0.00%
    $250k+ 8 $4,240,000 $530,000 $0 0.00%

    Pineland Bank lent most frequently to those with incomes in the $50k-75k range, with 25 originations. The second most popular income band? $100k-150k, with 21 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 126 $19,110,000 $151,667 $0 0.00%

    Pineland Bank lent most frequently to those with DTI ratios of Exempt%, with 126 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 99 $15,485,000 $156,414 $0 0.00%
    Not applicable 16 $2,980,000 $186,250 $0 0.00%
    Black 9 $415,000 $46,111 $0 0.00%
    American Indian 1 $155,000 $155,000 $0 0.00%
    Chinese 1 $75,000 $75,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.85%

    Pineland Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    89.68%

    Pineland Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 126 $19,110,000 $151,667

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 3 $775,000 $258,333
    Single Family (1-4 Units):Manufactured 35 $1,815,000 $51,857
    Single Family (1-4 Units):Site-Built 88 $16,520,000 $187,727

    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 $8,849
    Pineland Bank 200 Lanier Street Metter, GA 30439 Full Service B&M $0
    Pineland Bank 201 East King Avenue Kingsland, GA 31548 Full Service B&M $33,532
    Pineland Bank 257 North Broad Street Metter, GA 30439 Full Service B&M $41,622
    Pineland Bank 501 West 12th Street Alma, GA 31510 Full Service B&M $89,063
    Pineland Bank 715 Centre Street Fernandina Beach, FL 32034 Full Service B&M $24,514
    Pineland Bank 72 East Parker Street Baxley, GA 31513 Full Service B&M $104,815
    Pineland Bank U.S. Highway 1 And 18th Street Alma, GA 31510 Limited, Drive-thru $0

    For 2020, Pineland Bank had 8 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $14,617
    Net interest income $13,534
    Total noninterest income $1,866
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $930
    Trading account gains and fees $0
    Additional Noninterest Income $936
    Pre-tax net operating income $2,308
    Securities gains (or losses, -) $169
    Income before extraordinary items $1,952
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,952
    Minority interest net income $0
    Net income $1,952
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,818

    Pineland Bank's gross interest income from loans was $14,617,000.
    Pineland Bank's net interest income from loans was $13,534,000.
    Pineland Bank's fee based income from loans was $930,000.
    Pineland Bank's net income from loans was $1,952,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,083
    Provision for credit losses $1,015
    Total noninterest expense $12,077
    Salaries and employee benefits $7,636
    Premises and equipment expense $1,438
    Additional noninterest expense $3,003
    Applicable income taxes $525
    Net charge-offs $431
    Cash dividends $984

    Pineland Bank's interest expense for loans was $1,083,000.
    Pineland Bank's payroll and benefits expense were $7,636,000.
    Pineland Bank's property, plant and equipment expenses $1,438,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 1.0%
    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 0.2%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $310,641
    Deposits held in domestic offices $310,641
    Deposits by Individuals, partnerships, and corporations $277,580
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $33,061
    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 $167,334
    Demand deposits $143,129
    Nontransaction accounts $143,307
    Money market deposit accounts (MMDAs) $24,220
    Other savings deposits (excluding MMDAs) $52,878
    Total time deposits $66,209
    Total time and savings deposits $167,512
    Noninterest-bearing deposits $108,600
    Interest-bearing deposits $202,041
    Retail deposits $304,735
    IRAs and Keogh plan accounts $10,104
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $345,551
    Cash & Balances due from depository institutions $53,746
    Interest-bearing balances $28,037
    Total securities $28,715
    Federal funds sold & reverse repurchase $15,500
    Net loans and leases $236,550
    Loan and leases loss allowance $3,746
    Trading account assets $0
    Bank premises and fixed assets $6,496
    Other real estate owned $325
    Goodwill and other intangibles $0
    All other assets $4,219

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $345,551
    Total Liabilities $312,774
    Total deposits $310,641
    Interest-bearing deposits $202,041
    Deposits held in domestic offices $310,641
    % insured (estimated) $79
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $2,133

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $236,550
    Loan and leases loss allowance $3,746
    Total loans and leases (domestic) $240,296
    All real estate loans $195,266
    Real estate loans in domestic offices $195,266
    Construction and development loans $17,974
    Residential 1-4 family construction $5,027
    Other construction, all land development and other land $12,947
    Loans secured by nonfarm nonresidential properties $101,432
    Nonfarm nonresidential secured by owner-occupied properties $55,821
    Commercial real estate & other non-farm, non-residential $45,611
    Multifamily residential real estate $1,805
    1-4 family residential loans $39,936
    Farmland loans $34,119
    Loans held in foreign offices $0
    Farm loans $3,670
    Commercial and industrial loans $33,673
    To non-U.S. addressees $0
    Loans to individuals $6,116
    Credit card loans $520
    Related Plans $244
    Consumer Auto Loans $724
    Other loans to individuals $4,628
    All other loans & leases $1,571
    Loans to foreign governments and official institutions $0
    Other loans $1,571
    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 $421
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Pineland Bank had $236,550,000 of loans outstanding in 2020. $195,266,000 of loans were in real estate loans. $17,974,000 of loans were in development loans. $1,805,000 of loans were in multifamily mortgage loans. $39,936,000 of loans were in 1-4 family mortgage loans. $3,670,000 of loans were in farm loans. $520,000 of loans were in credit card loans. $724,000 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 288 $55,976 $194,361
    Nonfarm, nonresidential loans - <$100k 135 $4,679 $34,659
    Nonfarm, nonresidential loans - $100-250k 77 $12,898 $167,506
    Nonfarm, nonresidential loans - $250k-1MM 76 $38,399 $505,250
    Commercial & Industrial, US addressed loans - <$1MM 569 $26,057 $45,794
    Commercial & Industrial, US addressed loans - <$100k 515 $12,105 $23,505
    Commercial & Industrial, US addressed loans - $100-250k 36 $5,244 $145,667
    Commercial & Industrial, US addressed loans - $250k-1MM 18 $8,708 $483,778
    Farmland loans - <$1MM 154 $17,126 $111,208
    Farmland loans - <$100k 97 $3,622 $37,340
    Farmland loans - $100-250k 39 $6,721 $172,333
    Farmland loans - $250k-1MM 18 $6,783 $376,833
    Agriculture operations loans - <$1MM 102 $3,669 $35,971
    Agriculture operations loans - <$100k 94 $1,998 $21,255
    Agriculture operations loans - $100-250k 6 $940 $156,667
    Agriculture operations loans - $250k-1MM 2 $731 $365,500