Queensborough National Bank & Trust Company Mortgage Rates, Fees & Info
Louisville, GALEI: 254900C2QXQ435D8TY78
Tax ID: 58-0330052
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Mortgage Data
Bank Data
Review & Overview
Queensborough National Bank & Trust Company is a smaller bank specializing in Home Purchase loans. Queensborough National Bank & Trust Company has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Augusta, Savannah, Hilton Head Island, Atlanta, and Hinesville among others. We have data for 30 markets. (Some data included below & more in-depth data is available with an active subscription.)Queensborough National Bank & Trust Company 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. Queensborough National Bank & Trust Company 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 about average 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
---|---|---|
30 Year Conventional Purchase | 6.38% | 9/1/24 |
30 Year Conventional Refi | 6.37% | 9/1/24 |
30 Year Cash-out Refi | 6.50% | 9/1/24 |
30 Year FHA Purchase | 6.88% | 9/1/24 |
30 Year VA Purchase | 6.05% | 9/1/24 |
30 Year VA Refi | 5.70% | 9/1/24 |
30 Year USDA Purchase | 6.27% | 9/1/24 |
15 Year Conventional Purchase | 5.96% | 9/1/24 |
15 Year Conventional Refi | 6.00% | 9/1/24 |
15 Year Cash-out Refi | 6.00% | 9/1/24 |
15 Year FHA Purchase | 7.22% | 9/1/24 |
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. |
Queensborough National Bank & Trust Company Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,182Origination Dollar Volume (All Markets)
$244,580,000Employee count
324 Show all (11) awardsQueensborough National Bank & Trust Company - 2019
Queensborough National Bank & Trust Company is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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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 |
---|---|---|---|---|---|
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 974 | $202,530,000 | $207,936 | $2,660 | 4.06% |
SAVANNAH, GA (FHA|USDA|VA) | 73 | $15,055,000 | $206,233 | $3,067 | 4.62% |
Outside of Metro Areas | 75 | $9,455,000 | $126,067 | $2,039 | 5.00% |
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 4 | $5,100,000 | $1,275,000 | $5,019 | 4.47% |
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 11 | $2,545,000 | $231,364 | $2,925 | 3.88% |
HINESVILLE, GA (FHA|USDA|VA) | 6 | $2,030,000 | $338,333 | $1,368 | 5.65% |
Statesboro, GA (FHA|USDA|VA) | 11 | $1,655,000 | $150,455 | $2,699 | 4.60% |
BRUNSWICK, GA (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $5,043 | 4.56% |
COLUMBIA, SC (FHA|USDA|VA) | 2 | $590,000 | $295,000 | $4,774 | 3.44% |
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $4,093 | 3.75% |
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $5,305 | 3.75% |
WARNER ROBINS, GA (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $1,575 | 3.81% |
ROME, GA (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $2,549 | 3.50% |
PITTSBURGH, PA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $5,049 | 3.75% |
Jefferson, GA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 3.75% |
MACON-BIBB COUNTY, GA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 4.13% |
MANSFIELD, OH (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,670 | 3.13% |
LANSING-EAST LANSING, MI (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 3.88% |
FARGO, ND-MN (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $804 | 3.25% |
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $4,323 | 3.38% |
HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 4.00% |
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,131 | 3.63% |
Brainerd, MN (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $6,549 | 3.50% |
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) | 2 | $200,000 | $100,000 | $0 | 4.51% |
Palatka, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 5.09% |
FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $4,517 | 4.88% |
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $2,432 | 3.25% |
Dublin, GA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,381 | 3.88% |
MONTGOMERY, AL (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $418 | 4.25% |
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $61 | 3.88% |
Similar Lenders
We use machine learning to identify the top lenders compared against Queensborough National Bank & Trust Company based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2019, Queensborough National Bank & Trust Company's most frequently originated type of loan was Conventional, with 748 originations. Their 2nd most popular type was VA, with 262 originations.
Loan Reason
For 2019, Queensborough National Bank & Trust Company's most frequently cited loan purpose was Home Purchase, with 975 originations. The 2nd most popular reason was Refi, with 113 originations.
Loan Duration/Length
For 2019, Queensborough National Bank & Trust Company's most frequently cited loan duration was 30 Year, with 923 originations. The 2nd most popular length was 15 Year, with 102 originations.
Origination Fees/Closing Costs
Queensborough National Bank & Trust Company's average total fees were $2,682, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 795 originations.
Interest Rates
During 2019, Queensborough National Bank & Trust Company's average interest rate for loans was 3.90%, while their most frequently originated rate bucket for loans was 3-4%, with 717 originations.
Loan Sizing
2019 saw Queensborough National Bank & Trust Company place emphasis on $100k-200k loans with 463 originations, totaling $70,365,000 in origination value.
Applicant Income
Queensborough National Bank & Trust Company lent most frequently to those with incomes in the $50k-75k range, with 292 originations. The second most popular income band? $100k-150k, with 226 originations.
Applicant Debt to Income Ratio
Queensborough National Bank & Trust Company lent most frequently to those with DTI ratios of 20-30%, with 248 originations. The next most common DTI ratio? 30-36%, with 200 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.63%
Queensborough National Bank & Trust Company has an average approval rate.
Pick Rate
Approvals leading to origination86.21%
Queensborough National Bank & Trust Company has an average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
NA | 1,182 | $244,580,000 | $206,920 |
Occupancy Type Mix
LTV Distribution
Bank Details
Branches
Bank Name | Branch | Branch Type | Deposits (000's) |
---|---|---|---|
Queensborough National Bank & Trust Company | 107 Us Highway 1-Bypass North Louisville, GA 30434 | Limited, Drive-thru | $0 |
Queensborough National Bank & Trust Company | 113 East Broad Street Louisville, GA 30434 | Full Service B&M | $93,855 |
Queensborough National Bank & Trust Company | 116 North Main Street Wadley, GA 30477 | Full Service B&M | $36,895 |
Queensborough National Bank & Trust Company | 1450 Greene Street, Suite 150 Augusta, GA 30901 | Full Service B&M | $42,100 |
Queensborough National Bank & Trust Company | 201 South Main Street Statesboro, GA 30458 | Full Service B&M | $24,196 |
Queensborough National Bank & Trust Company | 202 N. Harris Street Sandersville, GA 31082 | Full Service B&M | $48,589 |
Queensborough National Bank & Trust Company | 213 Highway 80 West Garden City, GA 31408 | Full Service B&M | $0 |
Queensborough National Bank & Trust Company | 216 West Hwy 80 Savannah, GA 31408 | Full Service B&M | $30,551 |
Queensborough National Bank & Trust Company | 24-28 North Broad Street Metter, GA 30439 | Full Service B&M | $20,435 |
Queensborough National Bank & Trust Company | 2550 Tobacco Road Hephzibah, GA 30815 | Full Service B&M | $37,638 |
Queensborough National Bank & Trust Company | 301 Mims Road Sylvania, GA 30467 | Full Service B&M | $19,268 |
Queensborough National Bank & Trust Company | 311 East Winthrope Avenue Millen, GA 30442 | Full Service B&M | $48,043 |
Queensborough National Bank & Trust Company | 3617 Walton Way Extension Augusta, GA 30909 | Full Service B&M | $124,193 |
Queensborough National Bank & Trust Company | 421 Fury's Ferry Road Martinez, GA 30907 | Full Service B&M | $57,997 |
Queensborough National Bank & Trust Company | 4226 Columbia Road Martinez, GA 30907 | Full Service B&M | $96,747 |
Queensborough National Bank & Trust Company | 4321 Washington Road Evans, GA 30809 | Full Service B&M | $58,182 |
Queensborough National Bank & Trust Company | 5049 Wrightsboro Road Grovetown, GA 30813 | Full Service B&M | $50,696 |
Queensborough National Bank & Trust Company | 549 West Hill Street Thomson, GA 30824 | Full Service B&M | $46,678 |
Queensborough National Bank & Trust Company | 597 S. Columbia Avenue Rincon, GA 31326 | Full Service B&M | $22,436 |
Queensborough National Bank & Trust Company | 692 South Main Street Swainsboro, GA 30401 | Full Service B&M | $52,861 |
Queensborough National Bank & Trust Company | 711 North Main Street Wrens, GA 30833 | Full Service B&M | $35,555 |
Queensborough National Bank & Trust Company | 721 Liberty Street Waynesboro, GA 30830 | Full Service B&M | $83,442 |
Queensborough National Bank & Trust Company | 7393 Hodgson Memorial Drive Savannah, GA 31406 | Full Service B&M | $20,478 |
Queensborough National Bank & Trust Company | Jones And North Railroad Streets Midville, GA 30441 | Full Service B&M | $7,899 |
For 2019, Queensborough National Bank & Trust Company had 24 branches.
Yearly Performance Overview
Bank Income
Item | Value (in 000's) |
---|---|
Total interest income | $51,470 |
Net interest income | $44,888 |
Total noninterest income | $16,524 |
Gross Fiduciary activities income | $325 |
Service charges on deposit accounts | $8,001 |
Trading account gains and fees | $0 |
Additional Noninterest Income | $8,198 |
Pre-tax net operating income | $18,902 |
Securities gains (or losses, -) | $-1 |
Income before extraordinary items | $14,548 |
Discontinued Operations (Extraordinary gains, net) | $0 |
Net income of bank and minority interests | $14,548 |
Minority interest net income | $0 |
Net income | $14,548 |
Sale, conversion, retirement of capital stock, net | $0 |
Net operating income | $14,548 |
Queensborough National Bank & Trust Company's gross interest income from loans was $51,470,000.
Queensborough National Bank & Trust Company's net interest income from loans was $44,888,000.
Queensborough National Bank & Trust Company's fee based income from loans was $8,001,000.
Queensborough National Bank & Trust Company's net income from loans was $14,548,000.
Bank Expenses
Item | Value (in 000's) |
---|---|
Total interest expense | $6,582 |
Provision for credit losses | $-250 |
Total noninterest expense | $42,760 |
Salaries and employee benefits | $26,378 |
Premises and equipment expense | $3,053 |
Additional noninterest expense | $13,329 |
Applicable income taxes | $4,353 |
Net charge-offs | $1,017 |
Cash dividends | $3,880 |
Queensborough National Bank & Trust Company's interest expense for loans was $6,582,000.
Queensborough National Bank & Trust Company's payroll and benefits expense were $26,378,000.
Queensborough National Bank & Trust Company's property, plant and equipment expenses $3,053,000.
Loan Performance
Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
---|---|
All loans | 4.0% |
Real Estate loans | 4.0% |
Construction & Land Development loans | 0.0% |
Nonfarm, nonresidential loans | 0.0% |
Multifamily residential loans | 0.0% |
1-4 family residential loans | 1.0% |
HELOC loans | 1.0% |
All other family | 1.0% |
Commercial & industrial loans | 1.0% |
Personal loans | 0.0% |
Credit card loans | 0.0% |
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 | $1,083,902 |
Deposits held in domestic offices | $1,083,902 |
Deposits by Individuals, partnerships, and corporations | $955,932 |
Deposits by U.S. Government | $0 |
Deposits by States and political subdivisions in the U.S. | $126,727 |
Deposits by Commercial banks and other depository institutions in U.S. | $1,243 |
Deposits by Banks in foreign countries | $0 |
Deposits by Foreign governments and official institutions | $0 |
Transaction accounts | $79,770 |
Demand deposits | $50,997 |
Nontransaction accounts | $1,004,132 |
Money market deposit accounts (MMDAs) | $712,329 |
Other savings deposits (excluding MMDAs) | $59,475 |
Total time deposits | $232,328 |
Total time and savings deposits | $1,032,905 |
Noninterest-bearing deposits | $356,087 |
Interest-bearing deposits | $727,815 |
Retail deposits | $1,028,253 |
IRAs and Keogh plan accounts | $44,759 |
Brokered deposits | $3,100 |
Deposits held in foreign offices | $0 |
Assets
Asset | Value (in 000's) |
---|---|
Total Assets | $1,220,650 |
Cash & Balances due from depository institutions | $96,037 |
Interest-bearing balances | $74,882 |
Total securities | $235,771 |
Federal funds sold & reverse repurchase | $10,000 |
Net loans and leases | $809,946 |
Loan and leases loss allowance | $11,070 |
Trading account assets | $0 |
Bank premises and fixed assets | $29,777 |
Other real estate owned | $3,885 |
Goodwill and other intangibles | $3,127 |
All other assets | $32,107 |
Liabilities
Liabilities | Value (in 000's) |
---|---|
Total liabilities and capital | $1,220,650 |
Total Liabilities | $1,098,014 |
Total deposits | $1,083,902 |
Interest-bearing deposits | $727,815 |
Deposits held in domestic offices | $1,083,902 |
% insured (estimated) | $70 |
Federal funds purchased and repurchase agreements | $0 |
Trading liabilities | $0 |
Other borrowed funds | $10,000 |
Subordinated debt | $0 |
All other liabilities | $4,112 |
Issued Loan Types
Type | Value (in 000's) |
---|---|
Net loans and leases | $809,946 |
Loan and leases loss allowance | $11,070 |
Total loans and leases (domestic) | $821,016 |
All real estate loans | $691,269 |
Real estate loans in domestic offices | $691,269 |
Construction and development loans | $68,540 |
Residential 1-4 family construction | $21,513 |
Other construction, all land development and other land | $47,027 |
Loans secured by nonfarm nonresidential properties | $296,604 |
Nonfarm nonresidential secured by owner-occupied properties | $201,703 |
Commercial real estate & other non-farm, non-residential | $94,901 |
Multifamily residential real estate | $16,110 |
1-4 family residential loans | $168,318 |
Farmland loans | $141,697 |
Loans held in foreign offices | $0 |
Farm loans | $33,994 |
Commercial and industrial loans | $74,088 |
To non-U.S. addressees | $0 |
Loans to individuals | $13,931 |
Credit card loans | $0 |
Related Plans | $324 |
Consumer Auto Loans | $6,126 |
Other loans to individuals | $7,481 |
All other loans & leases | $7,734 |
Loans to foreign governments and official institutions | $0 |
Other loans | $4,388 |
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 | $431 |
Non 1-4 family restructured loans & leases | $431 |
Total loans and leases (foreign) | $0 |
Queensborough National Bank & Trust Company had $809,946,000 of loans outstanding in 2019. $691,269,000 of loans were in real estate loans. $68,540,000 of loans were in development loans. $16,110,000 of loans were in multifamily mortgage loans. $168,318,000 of loans were in 1-4 family mortgage loans. $33,994,000 of loans were in farm loans. $0 of loans were in credit card loans. $6,126,000 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 | 718 | $152,415 | $212,277 |
Nonfarm, nonresidential loans - <$100k | 163 | $6,125 | $37,577 |
Nonfarm, nonresidential loans - $100-250k | 252 | $28,977 | $114,988 |
Nonfarm, nonresidential loans - $250k-1MM | 303 | $117,313 | $387,172 |
Commercial & Industrial, US addressed loans - <$1MM | 979 | $57,635 | $58,871 |
Commercial & Industrial, US addressed loans - <$100k | 729 | $16,278 | $22,329 |
Commercial & Industrial, US addressed loans - $100-250k | 166 | $15,943 | $96,042 |
Commercial & Industrial, US addressed loans - $250k-1MM | 84 | $25,414 | $302,548 |
Farmland loans - <$1MM | 376 | $37,941 | $100,907 |
Farmland loans - <$100k | 208 | $7,510 | $36,106 |
Farmland loans - $100-250k | 109 | $13,785 | $126,468 |
Farmland loans - $250k-1MM | 59 | $16,646 | $282,136 |
Agriculture operations loans - <$1MM | 307 | $20,812 | $67,792 |
Agriculture operations loans - <$100k | 208 | $5,054 | $24,298 |
Agriculture operations loans - $100-250k | 58 | $7,128 | $122,897 |
Agriculture operations loans - $250k-1MM | 41 | $8,630 | $210,488 |