First Keystone Community Bank Mortgage Rates, Fees & Info

Berwick, PA

LEI: 254900JM9VOQ8A8WF359

Tax ID: 24-0525403

5 stars - out of 5 stars, based on 25 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

First Keystone Community Bank is a smaller bank specializing in Home Purchase and Refi loans. First Keystone Community Bank has a high proportion of conventional loans. Their top markets include Scranton, Allentown, Bloomsburg, East Stroudsburg, and Sunbury among others. First Keystone Community Bank has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. First Keystone Community Bank is typically an average fee lendor.


Originations

627

Origination Dollar Volume (All Markets)

$108,655,000

Employee count

198

Awards

First Keystone Community Bank 30 Year Conventional Loans silver First Keystone Community Bank 30 Year Conventional Loans gold First Keystone Community Bank 30 Year Conventional Loans bronze First Keystone Community Bank 30 Year Conventional Loans gold
Show all (4) awards

Relative Rate

First Keystone Community Bank's average 30 year fixed rate mortgage of loans were 3.08%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.07%.

Relative Fees

First Keystone Community Bank's average total fees for a 30 year fixed rate mortgage are $3,874.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 216 $32,250,000 $149,306 $3,039 3.45%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 148 $31,670,000 $213,986 $3,092 4.05%
BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 187 $27,725,000 $148,262 $2,487 3.30%
EAST STROUDSBURG, PA (FHA|USDA|VA) 56 $12,550,000 $224,107 $2,945 3.54%
Sunbury, PA (FHA|USDA|VA) 6 $1,460,000 $243,333 $2,699 3.40%
Pottsville, PA (FHA|USDA|VA) 7 $1,045,000 $149,286 $4,502 3.81%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 3 $875,000 $291,667 $7,236 2.83%
Outside of Metro Areas 2 $580,000 $290,000 $3,831 3.13%
WILLIAMSPORT, PA (FHA|USDA|VA) 1 $275,000 $275,000 $0 4.00%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $225,000 $225,000 $7,889 3.25%

First Keystone Community Bank's top markets include Scranton, Allentown, Bloomsburg, East Stroudsburg, and Sunbury among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 627 $108,655,000 $173,293 $2,833 3.56%

For the 2021 period, First Keystone Community Bank's most frequently originated loan type of loans were Conventional, with 627 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 325 $55,405,000 $170,477 $3,979 3.77%
Refi 208 $39,830,000 $191,490 $1,956 3.44%
Cash Out Refi 58 $10,940,000 $188,621 $4,136 2.75%
Home Improvement 22 $1,070,000 $48,636 $327 3.63%
Other 14 $1,410,000 $100,714 $904 3.49%

For the 2021, First Keystone Community Bank's most frequently cited loan purpose of loans were Home Purchase, with 325 originations. The 2nd most popular reason of loans were Refi, with 208 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
20 Year 290 $56,980,000 $196,483 $2,996 3.84%
15 Year 142 $19,650,000 $138,380 $1,879 3.20%
30 Year 82 $15,080,000 $183,902 $3,874 3.08%
10 Year 48 $4,190,000 $87,292 $650 3.64%
Other 25 $6,405,000 $256,200 $4,093 3.65%
30+ year 16 $4,800,000 $300,000 $7,644 3.02%
1 Year 12 $1,010,000 $84,167 $0 4.18%
5 Year 12 $540,000 $45,000 $319 3.58%

For the 2021, First Keystone Community Bank's most frequently cited loan length of loans were 20 Year, with 290 originations. The 2nd most popular length of loans were 15 Year, with 142 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 233 $30,255,000 $129,850
$1k-2k 53 $11,075,000 $208,962
$2k-3k 21 $3,875,000 $184,524
$3k-4k 20 $5,060,000 $253,000
$5k+ 12 $4,300,000 $358,333

$3,874 of loans were First Keystone Community Bank's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 233 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 331 $58,135,000 $175,634
4-5% 160 $25,350,000 $158,438
2.5-3% 99 $19,395,000 $195,909
<2.5% 37 $5,775,000 $156,081

During 2021, First Keystone Community Bank's average interest rate of loans were 3.08%, while their most frequently originated rate bucket of loans were 3-4%, with 331 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$100k-200k 244 $35,470,000 $145,369 $2,805 3.52%
$100,000 or less 216 $14,200,000 $65,741 $1,266 3.65%
$200k-400k 136 $37,350,000 $274,632 $4,407 3.42%
$400k-600k 21 $9,925,000 $472,619 $7,862 3.72%
$1MM+ 5 $7,945,000 $1,589,000 $7,910 3.79%
$600k-1MM 5 $3,765,000 $753,000 $0 3.88%

2021 saw First Keystone Community Bank place emphasis on $100k-200k loans with 244 originations, totaling $35,470,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 87 $11,005,000 $126,494 $2,456 3.25%
$50k or less 83 $8,025,000 $96,687 $1,977 3.26%
$100k-150k 68 $12,460,000 $183,235 $2,992 3.26%
$75k-100k 63 $10,595,000 $168,175 $3,013 3.18%
$150k-250k 42 $11,300,000 $269,048 $4,616 3.21%
$250k+ 17 $4,555,000 $267,941 $4,102 3.05%

First Keystone Community Bank lent most frequently to those with incomes in the $50k-75k range, with 87 originations. The second most popular income band? $50k or less, with 83 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 84 $12,120,000 $144,286 $2,538 3.12%
30-36% 61 $9,165,000 $150,246 $2,878 3.23%
<20% 43 $6,705,000 $155,930 $2,712 3.06%
36% 15 $1,895,000 $126,333 $2,278 3.18%
42% 12 $1,670,000 $139,167 $2,629 3.45%
38% 12 $1,920,000 $160,000 $2,735 2.91%
47% 12 $2,130,000 $177,500 $3,133 3.02%
39% 11 $1,545,000 $140,455 $2,523 3.12%
48% 10 $1,870,000 $187,000 $4,321 3.09%
37% 10 $1,870,000 $187,000 $3,356 3.08%
40% 9 $2,365,000 $262,778 $3,253 3.28%
43% 9 $1,855,000 $206,111 $3,395 3.01%
>60% 9 $2,235,000 $248,333 $3,181 3.55%
46% 8 $1,280,000 $160,000 $3,642 3.06%
44% 7 $1,225,000 $175,000 $2,850 3.15%
49% 7 $1,195,000 $170,714 $3,380 3.30%
50-60% 6 $1,090,000 $181,667 $2,131 3.51%
41% 4 $670,000 $167,500 $2,330 3.31%
45% 3 $665,000 $221,667 $4,512 2.97%

First Keystone Community Bank lent most frequently to those with DTI ratios of 20-30%, with 84 originations. The next most common DTI ratio? 30-36%, with 61 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 358 $56,220,000 $157,039 $2,754 3.22%
Not applicable 255 $48,665,000 $190,843 $0 4.04%
Black 6 $1,560,000 $260,000 $6,121 3.26%
Asian 4 $1,020,000 $255,000 $3,306 3.17%
Not provided 2 $720,000 $360,000 $6,648 3.13%
Other Asian 1 $295,000 $295,000 $3,609 3.60%
Asian Indian 1 $175,000 $175,000 $0 4.10%

Approval Rates

Total approvals of all applications
90.28%

First Keystone Community Bank has an average approval rate.

Pick Rate

Approvals leading to origination
88.26%

First Keystone Community Bank has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 627 $108,655,000 $173,293

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
627 $108,655,000 $173,293

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 56 $4,360,000 $77,857 $1,070 3.35%
40-60% 96 $15,670,000 $163,229 $2,396 3.34%
60-80% 376 $71,940,000 $191,330 $3,390 3.71%
80-100% 71 $15,585,000 $219,507 $4,334 3.16%
Under 20% 28 $1,100,000 $39,286 $510 3.56%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
FIRST COMMUNITY MORTGAGE, INC. Conventional home mortgage Trouble during payment process 4 66.7%
FIRST COMMUNITY MORTGAGE, INC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 16.7%
FIRST COMMUNITY MORTGAGE, INC. Conventional home mortgage Struggling to pay mortgage 1 16.7%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
First Keystone Community Bank 1049 Bloom Road Danville, PA 17821 Full Service B&M $17,410
First Keystone Community Bank 18 North Mountain Boulevard Mountain Top, PA 18707 Full Service B&M $54,491
First Keystone Community Bank 2022 Route 209 Brodheadsville, PA 18322 Full Service B&M $16,743
First Keystone Community Bank 2070 Route 611 Swiftwater, PA 18370 Full Service B&M $84,308
First Keystone Community Bank 2301 Columbia Blvd Bloomsburg, PA 17815 Full Service B&M $82,699
First Keystone Community Bank 2325 Memorial Highway Dallas, PA 18612 Full Service B&M $11,686
First Keystone Community Bank 299 Wyoming Avenue Kingston, PA 18704 Full Service B&M $52,986
First Keystone Community Bank 400 Fowler Avenue Berwick, PA 18603 Full Service B&M $67,926
First Keystone Community Bank 437 West Third Street Nescopeck, PA 18635 Full Service B&M $37,357
First Keystone Community Bank 463 West Main Street Plymouth, PA 18651 Full Service B&M $10,619
First Keystone Community Bank 50 Briar Creek Plaza Berwick, PA 18603 Full Service Retail $21,410
First Keystone Community Bank 559 Main Street Stroudsburg, PA 18360 Full Service B&M $211,320
First Keystone Community Bank 701 Freas Avenue Berwick, PA 18603 Full Service B&M $45,612
First Keystone Community Bank Third And Race Streets Mifflinville, PA 18631 Full Service B&M $25,168
First Keystone Community Bank 107 South Main Street Shickshinny, PA 18655 Full Service B&M $24,694
First Keystone Community Bank 111 West Front Street Berwick, PA 18603 Full Service B&M $246,342
First Keystone Community Bank 1154 Route 390 Cresco, PA 18326 Full Service B&M $26,099
First Keystone Community Bank 1540 Sans Souci Highway Hanover Township, PA 18706 Full Service B&M $41,051

For 2021, First Keystone Community Bank had 18 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $42,089
Net interest income $37,992
Total noninterest income $6,862
Gross Fiduciary activities income $1,012
Service charges on deposit accounts $1,306
Trading account gains and fees $0
Additional Noninterest Income $4,544
Pre-tax net operating income $17,862
Securities gains (or losses, -) $0
Income before extraordinary items $15,355
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $15,355
Minority interest net income $0
Net income $15,355
Sale, conversion, retirement of capital stock, net $0
Net operating income $15,355

First Keystone Community Bank's gross interest income from loans was $42,089,000.
First Keystone Community Bank's net interest income from loans was $37,992,000.
First Keystone Community Bank's fee based income from loans was $1,306,000.
First Keystone Community Bank's net income from loans was $15,355,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $4,097
Provision for credit losses $860
Total noninterest expense $26,132
Salaries and employee benefits $14,026
Premises and equipment expense $2,591
Additional noninterest expense $9,515
Applicable income taxes $2,507
Net charge-offs $113
Cash dividends $6,043

First Keystone Community Bank's interest expense for loans was $4,097,000.
First Keystone Community Bank's payroll and benefits expense were $14,026,000.
First Keystone Community Bank's property, plant and equipment expenses $2,591,000.

Loan Performance

Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
All loans 0.0%
Real Estate loans 0.0%
Construction & Land Development loans 0.0%
Nonfarm, nonresidential loans 0.0%
Multifamily residential loans 3.0%
1-4 family residential loans 0.0%
HELOC loans 0.0%
All other family 0.0%
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 $1,092,340
Deposits held in domestic offices $1,092,340
Deposits by Individuals, partnerships, and corporations $790,035
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $302,305
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 $644,657
Demand deposits $278,040
Nontransaction accounts $447,683
Money market deposit accounts (MMDAs) $113,818
Other savings deposits (excluding MMDAs) $160,773
Total time deposits $173,092
Total time and savings deposits $814,300
Noninterest-bearing deposits $249,624
Interest-bearing deposits $842,716
Retail deposits $1,059,556
IRAs and Keogh plan accounts $41,160
Brokered deposits $20,000
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $1,317,494
Cash & Balances due from depository institutions $61,585
Interest-bearing balances $52,096
Total securities $437,916
Federal funds sold & reverse repurchase $0
Net loans and leases $744,161
Loan and leases loss allowance $8,680
Trading account assets $0
Bank premises and fixed assets $19,078
Other real estate owned $0
Goodwill and other intangibles $19,500
All other assets $35,254

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $1,317,494
Total Liabilities $1,159,819
Total deposits $1,092,340
Interest-bearing deposits $842,716
Deposits held in domestic offices $1,092,340
% insured (estimated) $55
Federal funds purchased and repurchase agreements $27,377
Trading liabilities $0
Other borrowed funds $35,016
Subordinated debt $0
All other liabilities $5,086

Issued Loan Types

Type Value (in 000's)
Net loans and leases $744,161
Loan and leases loss allowance $8,680
Total loans and leases (domestic) $752,841
All real estate loans $663,593
Real estate loans in domestic offices $663,593
Construction and development loans $28,269
Residential 1-4 family construction $1,708
Other construction, all land development and other land $26,561
Loans secured by nonfarm nonresidential properties $300,680
Nonfarm nonresidential secured by owner-occupied properties $195,345
Commercial real estate & other non-farm, non-residential $105,335
Multifamily residential real estate $77,783
1-4 family residential loans $253,652
Farmland loans $3,209
Loans held in foreign offices $0
Farm loans $781
Commercial and industrial loans $55,073
To non-U.S. addressees $0
Loans to individuals $5,286
Credit card loans $0
Related Plans $844
Consumer Auto Loans $727
Other loans to individuals $3,715
All other loans & leases $28,108
Loans to foreign governments and official institutions $0
Other loans $0
Loans to depository institutions and acceptances of other banks $0
Loans not secured by real estate $1,643
Loans secured by real estate to non-U.S. addressees $0
Restructured Loans & leases $6,435
Non 1-4 family restructured loans & leases $6,061
Total loans and leases (foreign) $0

First Keystone Community Bank had $744,161,000 of loans outstanding in 2021. $663,593,000 of loans were in real estate loans. $28,269,000 of loans were in development loans. $77,783,000 of loans were in multifamily mortgage loans. $253,652,000 of loans were in 1-4 family mortgage loans. $781,000 of loans were in farm loans. $0 of loans were in credit card loans. $727,000 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 600 $133,414 $222,357
Nonfarm, nonresidential loans - <$100k 134 $5,688 $42,448
Nonfarm, nonresidential loans - $100-250k 213 $27,303 $128,183
Nonfarm, nonresidential loans - $250k-1MM 253 $100,423 $396,929
Commercial & Industrial, US addressed loans - <$1MM 432 $30,009 $69,465
Commercial & Industrial, US addressed loans - <$100k 324 $8,949 $27,620
Commercial & Industrial, US addressed loans - $100-250k 67 $7,494 $111,851
Commercial & Industrial, US addressed loans - $250k-1MM 41 $13,566 $330,878
Farmland loans - <$1MM 11 $1,505 $136,818
Farmland loans - <$100k 3 $156 $52,000
Farmland loans - $100-250k 7 $950 $135,714
Farmland loans - $250k-1MM 1 $399 $399,000
Agriculture operations loans - <$1MM 8 $781 $97,625
Agriculture operations loans - <$100k 5 $105 $21,000
Agriculture operations loans - $100-250k 2 $367 $183,500
Agriculture operations loans - $250k-1MM 1 $309 $309,000