Carroll Community Bank Mortgage Rates, Fees & Info

Sykesville, MD

LEI: 254900ZXWQ838XEBT092

Tax ID: 52-0504310

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    Carroll Community Bank is a smaller bank specializing in Home Purchase and Refi loans. Carroll Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: Baltimore, York, Washington, Salisbury, and Hagerstown among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Carroll Community 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

    58

    Origination Dollar Volume (All Markets)

    $23,190,000

    Employee count

    35

    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
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 33 $9,415,000 $285,303 $0 0.00%
    YORK-HANOVER, PA (FHA|USDA|VA) 3 $7,275,000 $2,425,000 $0 0.00%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 17 $4,835,000 $284,412 $0 0.00%
    SALISBURY, MD-DE (FHA|USDA|VA) 4 $1,490,000 $372,500 $0 0.00%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 1 $175,000 $175,000 $0 0.00%
    Carroll Community Bank's top markets include Baltimore, York, Washington, Salisbury, and Hagerstown among others.

    Their top states include:
  • Maryland (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • District of Columbia (FHA|USDA|VA)
  • Delaware (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 58 $23,190,000 $399,828 $0 0.00%

    For 2018, Carroll Community Bank's most frequently originated type of loan was Conventional, with 58 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 24 $11,190,000 $466,250 $0 0.00%
    Refi 23 $8,545,000 $371,522 $0 0.00%
    Cash Out Refi 8 $2,410,000 $301,250 $0 0.00%
    Home Improvement 2 $520,000 $260,000 $0 0.00%
    Other 1 $525,000 $525,000 $0 0.00%

    For 2018, Carroll Community Bank's most frequently cited loan purpose was Home Purchase, with 24 originations. The 2nd most popular reason was Refi, with 23 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 58 $23,190,000 $399,828 $0 0.00%

    For 2018, Carroll Community Bank's most frequently cited loan duration was Other, with 58 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 21 $6,045,000 $287,857 $0 0.00%
    $400k-600k 15 $7,255,000 $483,667 $0 0.00%
    $100k-200k 12 $1,900,000 $158,333 $0 0.00%
    $100,000 or less 7 $415,000 $59,286 $0 0.00%
    $600k-1MM 2 $1,670,000 $835,000 $0 0.00%
    $1MM+ 1 $5,905,000 $5,905,000 $0 0.00%

    2018 saw Carroll Community Bank place emphasis on $200k-400k loans with 21 originations, totaling $6,045,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 11 $3,325,000 $302,273 $0 0.00%
    $150k-250k 7 $2,775,000 $396,429 $0 0.00%
    $50k-75k 7 $1,355,000 $193,571 $0 0.00%
    $75k-100k 7 $2,265,000 $323,571 $0 0.00%
    $250k+ 4 $2,120,000 $530,000 $0 0.00%
    $50k or less 4 $510,000 $127,500 $0 0.00%

    Carroll Community Bank lent most frequently to those with incomes in the $100k-150k range, with 11 originations. The second most popular income band? $150k-250k, with 7 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 39 $12,275,000 $314,744 $0 0.00%
    Not applicable 17 $10,545,000 $620,294 $0 0.00%
    Not provided 1 $255,000 $255,000 $0 0.00%
    American Indian 1 $115,000 $115,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    89.33%

    Carroll Community Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.48%

    Carroll Community Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 58 $23,190,000 $399,828

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $6,900,000 $3,450,000
    Single Family (1-4 Units):Site-Built 56 $16,290,000 $290,893

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    CORELOGIC INC Other type of mortgage Trouble during payment process 1 9.1%
    CORELOGIC INC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 3 27.3%
    CORELOGIC INC Conventional home mortgage Trouble during payment process 2 18.2%
    CORELOGIC INC FHA mortgage Trouble during payment process 2 18.2%
    CORELOGIC INC Home equity loan or line of credit (HELOC) Improper use of your report 1 9.1%
    CORELOGIC INC Other type of mortgage Improper use of your report 1 9.1%
    CORELOGIC INC Other type of mortgage Struggling to pay mortgage 1 9.1%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Carroll Community Bank 1321 Liberty Road Sykesville, MD 21784 Full Service B&M $105,648
    Carroll Community Bank 29 Westminster Shopping Ctr Westminster, MD 21157 Full Service B&M $27,799
    Carroll Community Bank 7126 Wisconsin Ave Bethesda, MD 20814 Full Service B&M $18,575

    For 2018, Carroll Community Bank had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $7,525
    Net interest income $5,663
    Total noninterest income $425
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $78
    Trading account gains and fees $0
    Additional Noninterest Income $347
    Pre-tax net operating income $509
    Securities gains (or losses, -) $-25
    Income before extraordinary items $422
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $422
    Minority interest net income $0
    Net income $422
    Sale, conversion, retirement of capital stock, net $70
    Net operating income $443

    Carroll Community Bank's gross interest income from loans was $7,525,000.
    Carroll Community Bank's net interest income from loans was $5,663,000.
    Carroll Community Bank's fee based income from loans was $78,000.
    Carroll Community Bank's net income from loans was $422,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,862
    Provision for credit losses $175
    Total noninterest expense $5,404
    Salaries and employee benefits $2,867
    Premises and equipment expense $667
    Additional noninterest expense $1,870
    Applicable income taxes $62
    Net charge-offs $69
    Cash dividends $0

    Carroll Community Bank's interest expense for loans was $1,862,000.
    Carroll Community Bank's payroll and benefits expense were $2,867,000.
    Carroll Community Bank's property, plant and equipment expenses $667,000.

    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 2.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 1.0%
    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 $155,204
    Deposits held in domestic offices $155,204
    Deposits by Individuals, partnerships, and corporations $143,004
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $12,200
    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 $33,502
    Demand deposits $33,502
    Nontransaction accounts $121,702
    Money market deposit accounts (MMDAs) $11,095
    Other savings deposits (excluding MMDAs) $27,455
    Total time deposits $83,152
    Total time and savings deposits $121,702
    Noninterest-bearing deposits $14,913
    Interest-bearing deposits $140,291
    Retail deposits $121,276
    IRAs and Keogh plan accounts $9,986
    Brokered deposits $15,953
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $196,201
    Cash & Balances due from depository institutions $11,422
    Interest-bearing balances $9,365
    Total securities $22,593
    Federal funds sold & reverse repurchase $0
    Net loans and leases $151,510
    Loan and leases loss allowance $1,141
    Trading account assets $0
    Bank premises and fixed assets $2,556
    Other real estate owned $1,782
    Goodwill and other intangibles $0
    All other assets $6,338

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $196,201
    Total Liabilities $179,088
    Total deposits $155,204
    Interest-bearing deposits $140,291
    Deposits held in domestic offices $155,204
    % insured (estimated) $87
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $23,209
    Subordinated debt $0
    All other liabilities $675

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $151,510
    Loan and leases loss allowance $1,141
    Total loans and leases (domestic) $152,651
    All real estate loans $144,775
    Real estate loans in domestic offices $144,775
    Construction and development loans $19,642
    Residential 1-4 family construction $3,327
    Other construction, all land development and other land $16,315
    Loans secured by nonfarm nonresidential properties $57,925
    Nonfarm nonresidential secured by owner-occupied properties $23,752
    Commercial real estate & other non-farm, non-residential $34,173
    Multifamily residential real estate $8,703
    1-4 family residential loans $58,505
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $6,226
    To non-U.S. addressees $0
    Loans to individuals $129
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $26
    Other loans to individuals $103
    All other loans & leases $1,521
    Loans to foreign governments and official institutions $0
    Other loans $697
    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 $384
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Carroll Community Bank had $151,510,000 of loans outstanding in 2018. $144,775,000 of loans were in real estate loans. $19,642,000 of loans were in development loans. $8,703,000 of loans were in multifamily mortgage loans. $58,505,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $26,000 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 83 $29,599 $356,614
    Nonfarm, nonresidential loans - <$100k 7 $123 $17,571
    Nonfarm, nonresidential loans - $100-250k 17 $2,165 $127,353
    Nonfarm, nonresidential loans - $250k-1MM 59 $27,311 $462,898
    Commercial & Industrial, US addressed loans - <$1MM 28 $2,862 $102,214
    Commercial & Industrial, US addressed loans - <$100k 15 $380 $25,333
    Commercial & Industrial, US addressed loans - $100-250k 5 $609 $121,800
    Commercial & Industrial, US addressed loans - $250k-1MM 8 $1,873 $234,125