Elderton State Bank Mortgage Rates, Fees & Info

Elderton, PA

LEI: 254900FK0S1L00V2UL14

Tax ID: 25-0459150

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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

    Elderton State Bank is a smaller bank specializing in Home Purchase loans. Elderton State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Pittsburgh, Indiana, Johnstown, Dubois, and Oil City among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Elderton State Bank has an 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

    96

    Origination Dollar Volume (All Markets)

    $11,490,000

    Employee count

    51

    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
    PITTSBURGH, PA (FHA|USDA|VA) 47 $5,145,000 $109,468 $0 0.00%
    Indiana, PA (FHA|USDA|VA) 33 $3,815,000 $115,606 $0 0.00%
    Outside of Metro Areas 8 $1,420,000 $177,500 $0 0.00%
    JOHNSTOWN, PA (FHA|USDA|VA) 2 $490,000 $245,000 $0 0.00%
    DuBois, PA (FHA|USDA|VA) 4 $380,000 $95,000 $0 0.00%
    Oil City, PA (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
    WILLIAMSPORT, PA (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
    Elderton State Bank's top markets include Pittsburgh, Indiana, Johnstown, Dubois, and Oil City among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 96 $11,490,000 $119,688 $0 0.00%

    For 2018, Elderton State Bank's most frequently originated type of loan was Conventional, with 96 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 48 $6,340,000 $132,083 $0 0.00%
    Refi 15 $2,225,000 $148,333 $0 0.00%
    Cash Out Refi 13 $1,465,000 $112,692 $0 0.00%
    Other 11 $915,000 $83,182 $0 0.00%
    Home Improvement 9 $545,000 $60,556 $0 0.00%

    For 2018, Elderton State Bank's most frequently cited loan purpose was Home Purchase, with 48 originations. The 2nd most popular reason was Refi, with 15 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 96 $11,490,000 $119,688 $0 0.00%

    For 2018, Elderton State Bank's most frequently cited loan duration was Other, with 96 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 52 $2,820,000 $54,231 $0 0.00%
    $100k-200k 30 $4,450,000 $148,333 $0 0.00%
    $200k-400k 12 $3,170,000 $264,167 $0 0.00%
    $400k-600k 2 $1,050,000 $525,000 $0 0.00%

    2018 saw Elderton State Bank place emphasis on $100,000 or less loans with 52 originations, totaling $2,820,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 34 $2,910,000 $85,588 $0 0.00%
    $50k-75k 17 $1,445,000 $85,000 $0 0.00%
    $75k-100k 17 $2,675,000 $157,353 $0 0.00%
    $100k-150k 11 $1,365,000 $124,091 $0 0.00%
    $250k+ 7 $1,555,000 $222,143 $0 0.00%
    $150k-250k 5 $905,000 $181,000 $0 0.00%

    Elderton State Bank lent most frequently to those with incomes in the $50k or less range, with 34 originations. The second most popular income band? $50k-75k, with 17 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 96 $11,490,000 $119,688 $0 0.00%

    Elderton State Bank lent most frequently to those with DTI ratios of Exempt%, with 96 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 73 $7,805,000 $106,918 $0 0.00%
    Not provided 18 $3,050,000 $169,444 $0 0.00%
    Not applicable 5 $635,000 $127,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    81.34%

    Elderton State Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    86.46%

    Elderton State Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 96 $11,490,000 $119,688

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $380,000 $190,000
    Single Family (1-4 Units):Manufactured 10 $690,000 $69,000
    Single Family (1-4 Units):Site-Built 84 $10,420,000 $124,048

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Elderton State Bank 143 Main Street Elderton, PA 15736 Full Service B&M $169,345
    Elderton State Bank 1906 River Road North Apollo, PA 15673 Full Service B&M $9,392
    Elderton State Bank State Route 85 And Water Street Rural Valley, PA 16249 Full Service B&M $45,829

    For 2018, Elderton State Bank had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $12,567
    Net interest income $10,176
    Total noninterest income $581
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $253
    Trading account gains and fees $0
    Additional Noninterest Income $328
    Pre-tax net operating income $4,621
    Securities gains (or losses, -) $161
    Income before extraordinary items $3,820
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,820
    Minority interest net income $0
    Net income $3,820
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,691

    Elderton State Bank's gross interest income from loans was $12,567,000.
    Elderton State Bank's net interest income from loans was $10,176,000.
    Elderton State Bank's fee based income from loans was $253,000.
    Elderton State Bank's net income from loans was $3,820,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,391
    Provision for credit losses $1,040
    Total noninterest expense $5,096
    Salaries and employee benefits $3,164
    Premises and equipment expense $519
    Additional noninterest expense $1,413
    Applicable income taxes $962
    Net charge-offs $207
    Cash dividends $1,031

    Elderton State Bank's interest expense for loans was $2,391,000.
    Elderton State Bank's payroll and benefits expense were $3,164,000.
    Elderton State Bank's property, plant and equipment expenses $519,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 2.0%
    Real Estate loans 3.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 1.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 1.0%
    HELOC loans 0.0%
    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 $227,975
    Deposits held in domestic offices $227,975
    Deposits by Individuals, partnerships, and corporations $216,711
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $11,264
    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 $62,468
    Demand deposits $30,804
    Nontransaction accounts $165,507
    Money market deposit accounts (MMDAs) $0
    Other savings deposits (excluding MMDAs) $88,246
    Total time deposits $77,261
    Total time and savings deposits $197,171
    Noninterest-bearing deposits $30,804
    Interest-bearing deposits $197,171
    Retail deposits $217,885
    IRAs and Keogh plan accounts $11,169
    Brokered deposits $6,016
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $278,330
    Cash & Balances due from depository institutions $16,262
    Interest-bearing balances $10,069
    Total securities $15,134
    Federal funds sold & reverse repurchase $7,067
    Net loans and leases $230,786
    Loan and leases loss allowance $4,369
    Trading account assets $0
    Bank premises and fixed assets $2,409
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $6,672

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $278,330
    Total Liabilities $245,722
    Total deposits $227,975
    Interest-bearing deposits $197,171
    Deposits held in domestic offices $227,975
    % insured (estimated) $81
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $16,470
    Subordinated debt $0
    All other liabilities $1,277

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $230,786
    Loan and leases loss allowance $4,369
    Total loans and leases (domestic) $235,155
    All real estate loans $182,467
    Real estate loans in domestic offices $182,467
    Construction and development loans $650
    Residential 1-4 family construction $542
    Other construction, all land development and other land $108
    Loans secured by nonfarm nonresidential properties $85,575
    Nonfarm nonresidential secured by owner-occupied properties $60,668
    Commercial real estate & other non-farm, non-residential $24,907
    Multifamily residential real estate $0
    1-4 family residential loans $38,817
    Farmland loans $57,425
    Loans held in foreign offices $0
    Farm loans $13,318
    Commercial and industrial loans $33,253
    To non-U.S. addressees $0
    Loans to individuals $3,082
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $890
    Other loans to individuals $2,192
    All other loans & leases $3,055
    Loans to foreign governments and official institutions $0
    Other loans $123
    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 $1,282
    Non 1-4 family restructured loans & leases $1,282
    Total loans and leases (foreign) $0

    Elderton State Bank had $230,786,000 of loans outstanding in 2018. $182,467,000 of loans were in real estate loans. $650,000 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $38,817,000 of loans were in 1-4 family mortgage loans. $13,318,000 of loans were in farm loans. $0 of loans were in credit card loans. $890,000 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 473 $67,902 $143,556
    Nonfarm, nonresidential loans - <$100k 217 $8,022 $36,968
    Nonfarm, nonresidential loans - $100-250k 142 $18,702 $131,704
    Nonfarm, nonresidential loans - $250k-1MM 114 $41,178 $361,211
    Commercial & Industrial, US addressed loans - <$1MM 611 $27,207 $44,529
    Commercial & Industrial, US addressed loans - <$100k 500 $10,832 $21,664
    Commercial & Industrial, US addressed loans - $100-250k 82 $8,180 $99,756
    Commercial & Industrial, US addressed loans - $250k-1MM 29 $8,195 $282,586
    Farmland loans - <$1MM 218 $30,554 $140,156
    Farmland loans - <$100k 74 $3,083 $41,662
    Farmland loans - $100-250k 88 $12,216 $138,818
    Farmland loans - $250k-1MM 56 $15,255 $272,411
    Agriculture operations loans - <$1MM 209 $11,373 $54,416
    Agriculture operations loans - <$100k 164 $5,123 $31,238
    Agriculture operations loans - $100-250k 32 $3,104 $97,000
    Agriculture operations loans - $250k-1MM 13 $3,146 $242,000