Elderton State Bank Mortgage Rates, Fees & Info

Elderton, PA

LEI: 254900FK0S1L00V2UL14

Tax ID: 25-0459150

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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, Meadville, Johnstown, and Bradford 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 an above 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

    116

    Origination Dollar Volume (All Markets)

    $18,280,000

    Employee count

    50

    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) 71 $11,965,000 $168,521 $0 0.00%
    Indiana, PA (FHA|USDA|VA) 34 $4,300,000 $126,471 $0 0.00%
    Outside of Metro Areas 5 $1,135,000 $227,000 $0 0.00%
    Meadville, PA (FHA|USDA|VA) 1 $395,000 $395,000 $0 0.00%
    JOHNSTOWN, PA (FHA|USDA|VA) 2 $220,000 $110,000 $0 0.00%
    Bradford, PA (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
    DuBois, PA (FHA|USDA|VA) 2 $60,000 $30,000 $0 0.00%
    Elderton State Bank's top markets include Pittsburgh, Indiana, Meadville, Johnstown, and Bradford among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 116 $18,280,000 $157,586 $0 0.00%

    For 2021, Elderton State Bank's most frequently originated type of loan was Conventional, with 116 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 70 $8,270,000 $118,143 $0 0.00%
    Refi 36 $9,120,000 $253,333 $0 0.00%
    Home Improvement 5 $335,000 $67,000 $0 0.00%
    Other 5 $555,000 $111,000 $0 0.00%

    For 2021, Elderton State Bank's most frequently cited loan purpose was Home Purchase, with 70 originations. The 2nd most popular reason was Refi, with 36 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 116 $18,280,000 $157,586 $0 0.00%

    For 2021, Elderton State Bank's most frequently cited loan duration was Other, with 116 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 57 $3,055,000 $53,596 $0 0.00%
    $100k-200k 41 $5,665,000 $138,171 $0 0.00%
    $200k-400k 12 $3,170,000 $264,167 $0 0.00%
    $600k-1MM 3 $2,305,000 $768,333 $0 0.00%
    $400k-600k 2 $980,000 $490,000 $0 0.00%
    $1MM+ 1 $3,105,000 $3,105,000 $0 0.00%

    2021 saw Elderton State Bank place emphasis on $100,000 or less loans with 57 originations, totaling $3,055,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 27 $2,545,000 $94,259 $0 0.00%
    $50k-75k 25 $3,155,000 $126,200 $0 0.00%
    $75k-100k 16 $1,670,000 $104,375 $0 0.00%
    $250k+ 15 $2,005,000 $133,667 $0 0.00%
    $100k-150k 8 $1,450,000 $181,250 $0 0.00%
    $150k-250k 3 $215,000 $71,667 $0 0.00%

    Elderton State Bank lent most frequently to those with incomes in the $50k or less range, with 27 originations. The second most popular income band? $50k-75k, with 25 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 116 $18,280,000 $157,586 $0 0.00%

    Elderton State Bank lent most frequently to those with DTI ratios of Exempt%, with 116 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 93 $11,015,000 $118,441 $0 0.00%
    Not applicable 21 $7,125,000 $339,286 $0 0.00%
    Not provided 2 $140,000 $70,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    86.96%

    Elderton State Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    96.55%

    Elderton State Bank has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 116 $18,280,000 $157,586

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    116 $18,280,000 $157,586

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Elderton State Bank 143 Main Street Elderton, PA 15736 Full Service B&M $207,636
    Elderton State Bank 1906 River Road North Apollo, PA 15673 Full Service B&M $18,167
    Elderton State Bank State Route 85 And Water Street Rural Valley, PA 16249 Full Service B&M $54,393

    For 2021, Elderton State Bank had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $12,947
    Net interest income $11,093
    Total noninterest income $780
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $194
    Trading account gains and fees $0
    Additional Noninterest Income $586
    Pre-tax net operating income $5,564
    Securities gains (or losses, -) $0
    Income before extraordinary items $4,454
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,454
    Minority interest net income $0
    Net income $4,454
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,454

    Elderton State Bank's gross interest income from loans was $12,947,000.
    Elderton State Bank's net interest income from loans was $11,093,000.
    Elderton State Bank's fee based income from loans was $194,000.
    Elderton State Bank's net income from loans was $4,454,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,854
    Provision for credit losses $570
    Total noninterest expense $5,739
    Salaries and employee benefits $3,501
    Premises and equipment expense $585
    Additional noninterest expense $1,653
    Applicable income taxes $1,110
    Net charge-offs $52
    Cash dividends $1,937

    Elderton State Bank's interest expense for loans was $1,854,000.
    Elderton State Bank's payroll and benefits expense were $3,501,000.
    Elderton State Bank's property, plant and equipment expenses $585,000.

    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 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    Commercial & industrial loans 1.0%
    Personal loans 1.0%
    Credit card loans 0.0%
    Other individual loans 1.0%
    Auto loans 0.0%
    Other consumer loans 2.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $284,746
    Deposits held in domestic offices $284,746
    Deposits by Individuals, partnerships, and corporations $261,497
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $23,249
    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 $86,456
    Demand deposits $40,600
    Nontransaction accounts $198,290
    Money market deposit accounts (MMDAs) $0
    Other savings deposits (excluding MMDAs) $120,587
    Total time deposits $77,702
    Total time and savings deposits $244,146
    Noninterest-bearing deposits $40,600
    Interest-bearing deposits $244,146
    Retail deposits $273,169
    IRAs and Keogh plan accounts $12,106
    Brokered deposits $6,128
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $334,278
    Cash & Balances due from depository institutions $28,985
    Interest-bearing balances $23,829
    Total securities $27,468
    Federal funds sold & reverse repurchase $1,753
    Net loans and leases $260,107
    Loan and leases loss allowance $5,933
    Trading account assets $0
    Bank premises and fixed assets $2,328
    Other real estate owned $320
    Goodwill and other intangibles $0
    All other assets $13,317

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $334,278
    Total Liabilities $295,901
    Total deposits $284,746
    Interest-bearing deposits $244,146
    Deposits held in domestic offices $284,746
    % insured (estimated) $77
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $10,000
    Subordinated debt $0
    All other liabilities $1,155

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $260,107
    Loan and leases loss allowance $5,933
    Total loans and leases (domestic) $266,040
    All real estate loans $197,516
    Real estate loans in domestic offices $197,516
    Construction and development loans $521
    Residential 1-4 family construction $416
    Other construction, all land development and other land $105
    Loans secured by nonfarm nonresidential properties $98,935
    Nonfarm nonresidential secured by owner-occupied properties $71,339
    Commercial real estate & other non-farm, non-residential $27,596
    Multifamily residential real estate $0
    1-4 family residential loans $45,736
    Farmland loans $52,324
    Loans held in foreign offices $0
    Farm loans $11,673
    Commercial and industrial loans $51,596
    To non-U.S. addressees $0
    Loans to individuals $2,851
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $858
    Other loans to individuals $1,993
    All other loans & leases $2,437
    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 $6,463
    Non 1-4 family restructured loans & leases $6,312
    Total loans and leases (foreign) $0

    Elderton State Bank had $260,107,000 of loans outstanding in 2021. $197,516,000 of loans were in real estate loans. $521,000 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $45,736,000 of loans were in 1-4 family mortgage loans. $11,673,000 of loans were in farm loans. $0 of loans were in credit card loans. $858,000 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 496 $78,374 $158,012
    Nonfarm, nonresidential loans - <$100k 208 $8,181 $39,332
    Nonfarm, nonresidential loans - $100-250k 158 $20,605 $130,411
    Nonfarm, nonresidential loans - $250k-1MM 130 $49,588 $381,446
    Commercial & Industrial, US addressed loans - <$1MM 700 $37,098 $52,997
    Commercial & Industrial, US addressed loans - <$100k 558 $12,757 $22,862
    Commercial & Industrial, US addressed loans - $100-250k 97 $9,740 $100,412
    Commercial & Industrial, US addressed loans - $250k-1MM 45 $14,601 $324,467
    Farmland loans - <$1MM 228 $28,550 $125,219
    Farmland loans - <$100k 76 $2,802 $36,868
    Farmland loans - $100-250k 87 $10,191 $117,138
    Farmland loans - $250k-1MM 65 $15,557 $239,338
    Agriculture operations loans - <$1MM 172 $9,213 $53,564
    Agriculture operations loans - <$100k 125 $3,524 $28,192
    Agriculture operations loans - $100-250k 38 $3,278 $86,263
    Agriculture operations loans - $250k-1MM 9 $2,411 $267,889