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, Statesboro, Waycross, and Valdosta among others. We have data for 11 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.

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    Originations

    147

    Origination Dollar Volume (All Markets)

    $21,135,000

    Employee count

    100

    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
    Outside of Metro Areas 83 $9,345,000 $112,590 $0 0.00%
    JACKSONVILLE, FL (FHA|USDA|VA) 27 $6,865,000 $254,259 $0 0.00%
    St. Marys, GA (FHA|USDA|VA) 18 $2,090,000 $116,111 $0 0.00%
    Statesboro, GA (FHA|USDA|VA) 6 $1,270,000 $211,667 $0 0.00%
    Waycross, GA (FHA|USDA|VA) 4 $710,000 $177,500 $0 0.00%
    VALDOSTA, GA (FHA|USDA|VA) 2 $200,000 $100,000 $0 0.00%
    Vidalia, GA (FHA|USDA|VA) 2 $190,000 $95,000 $0 0.00%
    BRUNSWICK, GA (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
    Fitzgerald, GA (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
    Douglas, GA (FHA|USDA|VA) 2 $90,000 $45,000 $0 0.00%
    WARNER ROBINS, GA (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
    Pineland Bank's top markets include Jacksonville, St. Marys, Statesboro, Waycross, and Valdosta 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 147 $21,135,000 $143,776 $0 0.00%

    For 2021, Pineland Bank's most frequently originated type of loan was Conventional, with 147 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 83 $12,895,000 $155,361 $0 0.00%
    Refi 52 $6,570,000 $126,346 $0 0.00%
    Home Improvement 8 $870,000 $108,750 $0 0.00%
    Other 4 $800,000 $200,000 $0 0.00%

    For 2021, Pineland Bank's most frequently cited loan purpose was Home Purchase, with 83 originations. The 2nd most popular reason was Refi, with 52 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 147 $21,135,000 $143,776 $0 0.00%

    For 2021, Pineland Bank's most frequently cited loan duration was Other, with 147 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 75 $3,765,000 $50,200 $0 0.00%
    $100k-200k 42 $6,350,000 $151,190 $0 0.00%
    $200k-400k 21 $5,685,000 $270,714 $0 0.00%
    $400k-600k 7 $3,325,000 $475,000 $0 0.00%
    $1MM+ 2 $2,010,000 $1,005,000 $0 0.00%

    2021 saw Pineland Bank place emphasis on $100,000 or less loans with 75 originations, totaling $3,765,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 36 $3,370,000 $93,611 $0 0.00%
    $100k-150k 28 $4,540,000 $162,143 $0 0.00%
    $150k-250k 23 $4,535,000 $197,174 $0 0.00%
    $50k or less 23 $1,245,000 $54,130 $0 0.00%
    $75k-100k 13 $1,675,000 $128,846 $0 0.00%
    $250k+ 8 $2,500,000 $312,500 $0 0.00%

    Pineland Bank lent most frequently to those with incomes in the $50k-75k range, with 36 originations. The second most popular income band? $100k-150k, with 28 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 147 $21,135,000 $143,776 $0 0.00%

    Pineland Bank lent most frequently to those with DTI ratios of Exempt%, with 147 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 119 $17,185,000 $144,412 $0 0.00%
    Not applicable 16 $3,270,000 $204,375 $0 0.00%
    Black 9 $445,000 $49,444 $0 0.00%
    Other Asian 2 $150,000 $75,000 $0 0.00%
    Filipino 1 $85,000 $85,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.26%

    Pineland Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    87.07%

    Pineland Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 147 $21,135,000 $143,776

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    147 $21,135,000 $143,776

    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 $10,136
    Pineland Bank 1351 Bowens Mill Rd Se, Suite A Douglas, GA 31533 Full Service B&M $190
    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 $38,046
    Pineland Bank 257 North Broad Street Metter, GA 30439 Full Service B&M $50,361
    Pineland Bank 501 West 12th Street Alma, GA 31510 Full Service B&M $104,274
    Pineland Bank 715 Centre Street Fernandina Beach, FL 32034 Full Service B&M $29,465
    Pineland Bank 72 East Parker Street Baxley, GA 31513 Full Service B&M $111,092
    Pineland Bank U.S. Highway 1 And 18th Street Alma, GA 31510 Limited, Drive-thru $0

    For 2021, Pineland Bank had 9 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $14,748
    Net interest income $14,114
    Total noninterest income $3,824
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $822
    Trading account gains and fees $0
    Additional Noninterest Income $3,002
    Pre-tax net operating income $4,934
    Securities gains (or losses, -) $220
    Income before extraordinary items $4,022
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,022
    Minority interest net income $0
    Net income $4,022
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,848

    Pineland Bank's gross interest income from loans was $14,748,000.
    Pineland Bank's net interest income from loans was $14,114,000.
    Pineland Bank's fee based income from loans was $822,000.
    Pineland Bank's net income from loans was $4,022,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $634
    Provision for credit losses $400
    Total noninterest expense $12,604
    Salaries and employee benefits $8,064
    Premises and equipment expense $1,496
    Additional noninterest expense $3,044
    Applicable income taxes $1,132
    Net charge-offs $157
    Cash dividends $1,500

    Pineland Bank's interest expense for loans was $634,000.
    Pineland Bank's payroll and benefits expense were $8,064,000.
    Pineland Bank's property, plant and equipment expenses $1,496,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 1.0%
    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 2.9%
    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 $361,928
    Deposits held in domestic offices $361,928
    Deposits by Individuals, partnerships, and corporations $333,156
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $28,772
    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 $199,361
    Demand deposits $172,669
    Nontransaction accounts $162,567
    Money market deposit accounts (MMDAs) $32,504
    Other savings deposits (excluding MMDAs) $56,329
    Total time deposits $73,734
    Total time and savings deposits $189,259
    Noninterest-bearing deposits $129,586
    Interest-bearing deposits $232,342
    Retail deposits $351,860
    IRAs and Keogh plan accounts $9,732
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $398,334
    Cash & Balances due from depository institutions $36,645
    Interest-bearing balances $27,584
    Total securities $29,997
    Federal funds sold & reverse repurchase $54,000
    Net loans and leases $262,571
    Loan and leases loss allowance $3,989
    Trading account assets $0
    Bank premises and fixed assets $6,261
    Other real estate owned $436
    Goodwill and other intangibles $0
    All other assets $8,424

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $398,334
    Total Liabilities $363,363
    Total deposits $361,928
    Interest-bearing deposits $232,342
    Deposits held in domestic offices $361,928
    % insured (estimated) $81
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $1,435

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $262,571
    Loan and leases loss allowance $3,989
    Total loans and leases (domestic) $266,560
    All real estate loans $229,489
    Real estate loans in domestic offices $229,489
    Construction and development loans $26,942
    Residential 1-4 family construction $7,473
    Other construction, all land development and other land $19,469
    Loans secured by nonfarm nonresidential properties $119,912
    Nonfarm nonresidential secured by owner-occupied properties $77,803
    Commercial real estate & other non-farm, non-residential $42,109
    Multifamily residential real estate $1,226
    1-4 family residential loans $47,692
    Farmland loans $33,717
    Loans held in foreign offices $0
    Farm loans $3,729
    Commercial and industrial loans $24,841
    To non-U.S. addressees $0
    Loans to individuals $6,601
    Credit card loans $525
    Related Plans $195
    Consumer Auto Loans $805
    Other loans to individuals $5,076
    All other loans & leases $1,900
    Loans to foreign governments and official institutions $0
    Other loans $927
    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 $119
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Pineland Bank had $262,571,000 of loans outstanding in 2021. $229,489,000 of loans were in real estate loans. $26,942,000 of loans were in development loans. $1,226,000 of loans were in multifamily mortgage loans. $47,692,000 of loans were in 1-4 family mortgage loans. $3,729,000 of loans were in farm loans. $525,000 of loans were in credit card loans. $805,000 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 290 $64,110 $221,069
    Nonfarm, nonresidential loans - <$100k 122 $4,650 $38,115
    Nonfarm, nonresidential loans - $100-250k 76 $13,039 $171,566
    Nonfarm, nonresidential loans - $250k-1MM 92 $46,421 $504,576
    Commercial & Industrial, US addressed loans - <$1MM 366 $20,753 $56,702
    Commercial & Industrial, US addressed loans - <$100k 321 $7,091 $22,090
    Commercial & Industrial, US addressed loans - $100-250k 25 $4,466 $178,640
    Commercial & Industrial, US addressed loans - $250k-1MM 20 $9,196 $459,800
    Farmland loans - <$1MM 150 $16,480 $109,867
    Farmland loans - <$100k 94 $3,335 $35,479
    Farmland loans - $100-250k 36 $6,312 $175,333
    Farmland loans - $250k-1MM 20 $6,833 $341,650
    Agriculture operations loans - <$1MM 91 $2,927 $32,165
    Agriculture operations loans - <$100k 85 $1,797 $21,141
    Agriculture operations loans - $100-250k 5 $746 $149,200
    Agriculture operations loans - $250k-1MM 1 $384 $384,000