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 and Refi loans. Elderton State Bank has a high proportion of conventional loans. Their top markets by origination volume include: Pittsburgh, Indiana, Huntingdon, and Dubois among others. We have data for 5 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

    101

    Origination Dollar Volume (All Markets)

    $17,575,000

    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) 61 $10,575,000 $173,361 $0 0.00%
    Indiana, PA (FHA|USDA|VA) 31 $5,265,000 $169,839 $0 0.00%
    Outside of Metro Areas 6 $940,000 $156,667 $0 0.00%
    Huntingdon, PA (FHA|USDA|VA) 1 $495,000 $495,000 $0 0.00%
    DuBois, PA (FHA|USDA|VA) 2 $300,000 $150,000 $0 0.00%
    Elderton State Bank's top markets include Pittsburgh, Indiana, Huntingdon, and Dubois among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 101 $17,575,000 $174,010 $0 0.00%

    For 2020, Elderton State Bank's most frequently originated type of loan was Conventional, with 101 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 46 $8,160,000 $177,391 $0 0.00%
    Refi 43 $8,495,000 $197,558 $0 0.00%
    Home Improvement 6 $390,000 $65,000 $0 0.00%
    Other 6 $530,000 $88,333 $0 0.00%

    For 2020, Elderton State Bank's most frequently cited loan purpose was Home Purchase, with 46 originations. The 2nd most popular reason was Refi, with 43 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 101 $17,575,000 $174,010 $0 0.00%

    For 2020, Elderton State Bank's most frequently cited loan duration was Other, with 101 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 44 $2,190,000 $49,773 $0 0.00%
    $100k-200k 32 $4,570,000 $142,813 $0 0.00%
    $200k-400k 15 $3,845,000 $256,333 $0 0.00%
    $400k-600k 4 $1,940,000 $485,000 $0 0.00%
    $600k-1MM 4 $3,020,000 $755,000 $0 0.00%
    $1MM+ 2 $2,010,000 $1,005,000 $0 0.00%

    2020 saw Elderton State Bank place emphasis on $100,000 or less loans with 44 originations, totaling $2,190,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 28 $3,070,000 $109,643 $0 0.00%
    $50k or less 23 $1,485,000 $64,565 $0 0.00%
    $100k-150k 16 $2,530,000 $158,125 $0 0.00%
    $75k-100k 14 $2,170,000 $155,000 $0 0.00%
    $250k+ 5 $3,175,000 $635,000 $0 0.00%
    $150k-250k 3 $905,000 $301,667 $0 0.00%

    Elderton State Bank lent most frequently to those with incomes in the $50k-75k range, with 28 originations. The second most popular income band? $50k or less, with 23 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 101 $17,575,000 $174,010 $0 0.00%

    Elderton State Bank lent most frequently to those with DTI ratios of Exempt%, with 101 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 86 $13,070,000 $151,977 $0 0.00%
    Not applicable 12 $4,240,000 $353,333 $0 0.00%
    Not provided 3 $265,000 $88,333 $0 0.00%

    Approval Rates

    Total approvals of all applications
    88.64%

    Elderton State Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.16%

    Elderton State Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 101 $17,575,000 $174,010

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 7 $4,015,000 $573,571
    Single Family (1-4 Units):Manufactured 8 $800,000 $100,000
    Single Family (1-4 Units):Site-Built 86 $12,760,000 $148,372

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Elderton State Bank 143 Main Street Elderton, PA 15736 Full Service B&M $192,415
    Elderton State Bank 1906 River Road North Apollo, PA 15673 Full Service B&M $16,388
    Elderton State Bank State Route 85 And Water Street Rural Valley, PA 16249 Full Service B&M $50,769

    For 2020, Elderton State Bank had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $13,341
    Net interest income $10,488
    Total noninterest income $656
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $192
    Trading account gains and fees $0
    Additional Noninterest Income $464
    Pre-tax net operating income $4,623
    Securities gains (or losses, -) $4
    Income before extraordinary items $3,695
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,695
    Minority interest net income $0
    Net income $3,695
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,691

    Elderton State Bank's gross interest income from loans was $13,341,000.
    Elderton State Bank's net interest income from loans was $10,488,000.
    Elderton State Bank's fee based income from loans was $192,000.
    Elderton State Bank's net income from loans was $3,695,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,853
    Provision for credit losses $970
    Total noninterest expense $5,551
    Salaries and employee benefits $3,443
    Premises and equipment expense $560
    Additional noninterest expense $1,548
    Applicable income taxes $932
    Net charge-offs $417
    Cash dividends $1,218

    Elderton State Bank's interest expense for loans was $2,853,000.
    Elderton State Bank's payroll and benefits expense were $3,443,000.
    Elderton State Bank's property, plant and equipment expenses $560,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 2.0%
    Real Estate loans 2.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 1.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 2.0%
    HELOC loans 0.0%
    All other family 3.0%
    Commercial & industrial loans 0.0%
    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 $264,730
    Deposits held in domestic offices $264,730
    Deposits by Individuals, partnerships, and corporations $244,313
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $20,417
    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 $72,191
    Demand deposits $35,987
    Nontransaction accounts $192,539
    Money market deposit accounts (MMDAs) $0
    Other savings deposits (excluding MMDAs) $107,625
    Total time deposits $84,914
    Total time and savings deposits $228,743
    Noninterest-bearing deposits $35,987
    Interest-bearing deposits $228,743
    Retail deposits $253,321
    IRAs and Keogh plan accounts $11,293
    Brokered deposits $6,112
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $316,471
    Cash & Balances due from depository institutions $31,740
    Interest-bearing balances $25,525
    Total securities $18,345
    Federal funds sold & reverse repurchase $2,548
    Net loans and leases $248,271
    Loan and leases loss allowance $5,414
    Trading account assets $0
    Bank premises and fixed assets $2,333
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $13,234

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $316,471
    Total Liabilities $280,124
    Total deposits $264,730
    Interest-bearing deposits $228,743
    Deposits held in domestic offices $264,730
    % insured (estimated) $79
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $14,470
    Subordinated debt $0
    All other liabilities $924

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $248,271
    Loan and leases loss allowance $5,414
    Total loans and leases (domestic) $253,685
    All real estate loans $194,540
    Real estate loans in domestic offices $194,540
    Construction and development loans $1,003
    Residential 1-4 family construction $1,003
    Other construction, all land development and other land $0
    Loans secured by nonfarm nonresidential properties $94,827
    Nonfarm nonresidential secured by owner-occupied properties $69,970
    Commercial real estate & other non-farm, non-residential $24,857
    Multifamily residential real estate $0
    1-4 family residential loans $42,868
    Farmland loans $55,842
    Loans held in foreign offices $0
    Farm loans $12,977
    Commercial and industrial loans $40,973
    To non-U.S. addressees $0
    Loans to individuals $2,679
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $765
    Other loans to individuals $1,914
    All other loans & leases $2,516
    Loans to foreign governments and official institutions $0
    Other loans $3
    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 $6,052
    Non 1-4 family restructured loans & leases $6,052
    Total loans and leases (foreign) $0

    Elderton State Bank had $248,271,000 of loans outstanding in 2020. $194,540,000 of loans were in real estate loans. $1,003,000 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $42,868,000 of loans were in 1-4 family mortgage loans. $12,977,000 of loans were in farm loans. $0 of loans were in credit card loans. $765,000 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 477 $72,574 $152,147
    Nonfarm, nonresidential loans - <$100k 213 $8,053 $37,808
    Nonfarm, nonresidential loans - $100-250k 142 $18,663 $131,430
    Nonfarm, nonresidential loans - $250k-1MM 122 $45,858 $375,885
    Commercial & Industrial, US addressed loans - <$1MM 655 $31,196 $47,627
    Commercial & Industrial, US addressed loans - <$100k 530 $10,724 $20,234
    Commercial & Industrial, US addressed loans - $100-250k 89 $9,203 $103,404
    Commercial & Industrial, US addressed loans - $250k-1MM 36 $11,269 $313,028
    Farmland loans - <$1MM 241 $30,996 $128,614
    Farmland loans - <$100k 83 $3,245 $39,096
    Farmland loans - $100-250k 93 $11,513 $123,796
    Farmland loans - $250k-1MM 65 $16,238 $249,815
    Agriculture operations loans - <$1MM 203 $11,064 $54,502
    Agriculture operations loans - <$100k 154 $4,363 $28,331
    Agriculture operations loans - $100-250k 40 $3,991 $99,775
    Agriculture operations loans - $250k-1MM 9 $2,710 $301,111