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 Refi and Home Purchase loans. Carroll Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: Baltimore, Washington, York, and Salisbury among others. We have data for 4 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

    53

    Origination Dollar Volume (All Markets)

    $14,955,000

    Employee count

    34

    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) 42 $12,520,000 $298,095 $0 0.00%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 8 $1,740,000 $217,500 $0 0.00%
    YORK-HANOVER, PA (FHA|USDA|VA) 2 $570,000 $285,000 $0 0.00%
    SALISBURY, MD-DE (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
    Carroll Community Bank's top markets include Baltimore, Washington, York, and Salisbury among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 53 $14,955,000 $282,170 $0 0.00%

    For 2019, Carroll Community Bank's most frequently originated type of loan was Conventional, with 53 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 22 $6,750,000 $306,818 $0 0.00%
    Home Purchase 18 $5,520,000 $306,667 $0 0.00%
    Cash Out Refi 12 $2,640,000 $220,000 $0 0.00%
    Other 1 $45,000 $45,000 $0 0.00%

    For 2019, Carroll Community Bank's most frequently cited loan purpose was Refi, with 22 originations. The 2nd most popular reason was Home Purchase, with 18 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 53 $14,955,000 $282,170 $0 0.00%

    For 2019, Carroll Community Bank's most frequently cited loan duration was Other, with 53 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 25 $7,355,000 $294,200 $0 0.00%
    $100k-200k 14 $2,190,000 $156,429 $0 0.00%
    $400k-600k 8 $3,710,000 $463,750 $0 0.00%
    $100,000 or less 4 $280,000 $70,000 $0 0.00%
    $600k-1MM 2 $1,420,000 $710,000 $0 0.00%

    2019 saw Carroll Community Bank place emphasis on $200k-400k loans with 25 originations, totaling $7,355,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 13 $4,285,000 $329,615 $0 0.00%
    $150k-250k 11 $3,815,000 $346,818 $0 0.00%
    $75k-100k 11 $2,895,000 $263,182 $0 0.00%
    $50k-75k 9 $1,365,000 $151,667 $0 0.00%
    $50k or less 4 $460,000 $115,000 $0 0.00%
    $250k+ 1 $785,000 $785,000 $0 0.00%

    Carroll Community Bank lent most frequently to those with incomes in the $100k-150k range, with 13 originations. The second most popular income band? $150k-250k, with 11 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 53 $14,955,000 $282,170 $0 0.00%

    Carroll Community Bank lent most frequently to those with DTI ratios of Exempt%, with 53 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 50 $13,880,000 $277,600 $0 0.00%
    Not applicable 2 $760,000 $380,000 $0 0.00%
    Not provided 1 $315,000 $315,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    88.75%

    Carroll Community Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    75.47%

    Carroll Community Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 53 $14,955,000 $282,170

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 53 $14,955,000 $282,170

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    CORELOGIC INC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 33.3%
    CORELOGIC INC Conventional home mortgage Trouble during payment process 1 16.7%
    CORELOGIC INC Home equity loan or line of credit (HELOC) Struggling to pay mortgage 1 16.7%
    CORELOGIC INC Home equity loan or line of credit (HELOC) Trouble during payment process 1 16.7%
    CORELOGIC INC Other type of mortgage Trouble during payment process 1 16.7%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Carroll Community Bank 1321 Liberty Road Sykesville, MD 21784 Full Service B&M $101,186
    Carroll Community Bank 29 Westminster Shopping Ctr Westminster, MD 21157 Full Service B&M $32,685
    Carroll Community Bank 7126 Wisconsin Ave Bethesda, MD 20814 Full Service B&M $17,938

    For 2019, Carroll Community Bank had 3 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $7,864
    Net interest income $5,598
    Total noninterest income $512
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $46
    Trading account gains and fees $0
    Additional Noninterest Income $466
    Pre-tax net operating income $317
    Securities gains (or losses, -) $92
    Income before extraordinary items $340
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $340
    Minority interest net income $0
    Net income $340
    Sale, conversion, retirement of capital stock, net $46
    Net operating income $263

    Carroll Community Bank's gross interest income from loans was $7,864,000.
    Carroll Community Bank's net interest income from loans was $5,598,000.
    Carroll Community Bank's fee based income from loans was $46,000.
    Carroll Community Bank's net income from loans was $340,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,266
    Provision for credit losses $25
    Total noninterest expense $5,768
    Salaries and employee benefits $3,259
    Premises and equipment expense $735
    Additional noninterest expense $1,774
    Applicable income taxes $69
    Net charge-offs $37
    Cash dividends $0

    Carroll Community Bank's interest expense for loans was $2,266,000.
    Carroll Community Bank's payroll and benefits expense were $3,259,000.
    Carroll Community Bank's property, plant and equipment expenses $735,000.

    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 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 24.0%
    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 $144,401
    Deposits held in domestic offices $144,401
    Deposits by Individuals, partnerships, and corporations $130,438
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $13,963
    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 $35,748
    Demand deposits $35,748
    Nontransaction accounts $108,653
    Money market deposit accounts (MMDAs) $9,968
    Other savings deposits (excluding MMDAs) $25,985
    Total time deposits $72,700
    Total time and savings deposits $108,653
    Noninterest-bearing deposits $16,671
    Interest-bearing deposits $127,730
    Retail deposits $116,752
    IRAs and Keogh plan accounts $9,501
    Brokered deposits $8,499
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $183,964
    Cash & Balances due from depository institutions $6,870
    Interest-bearing balances $4,565
    Total securities $14,658
    Federal funds sold & reverse repurchase $0
    Net loans and leases $151,650
    Loan and leases loss allowance $1,129
    Trading account assets $0
    Bank premises and fixed assets $2,876
    Other real estate owned $1,711
    Goodwill and other intangibles $0
    All other assets $6,199

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $183,964
    Total Liabilities $166,232
    Total deposits $144,401
    Interest-bearing deposits $127,730
    Deposits held in domestic offices $144,401
    % insured (estimated) $86
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $21,192
    Subordinated debt $0
    All other liabilities $639

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $151,650
    Loan and leases loss allowance $1,129
    Total loans and leases (domestic) $152,779
    All real estate loans $144,082
    Real estate loans in domestic offices $144,082
    Construction and development loans $16,481
    Residential 1-4 family construction $2,255
    Other construction, all land development and other land $14,226
    Loans secured by nonfarm nonresidential properties $64,077
    Nonfarm nonresidential secured by owner-occupied properties $28,600
    Commercial real estate & other non-farm, non-residential $35,477
    Multifamily residential real estate $9,379
    1-4 family residential loans $54,145
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $1,477
    Commercial and industrial loans $5,405
    To non-U.S. addressees $0
    Loans to individuals $121
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $60
    Other loans to individuals $61
    All other loans & leases $1,694
    Loans to foreign governments and official institutions $0
    Other loans $928
    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 $369
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Carroll Community Bank had $151,650,000 of loans outstanding in 2019. $144,082,000 of loans were in real estate loans. $16,481,000 of loans were in development loans. $9,379,000 of loans were in multifamily mortgage loans. $54,145,000 of loans were in 1-4 family mortgage loans. $1,477,000 of loans were in farm loans. $0 of loans were in credit card loans. $60,000 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 89 $31,981 $359,337
    Nonfarm, nonresidential loans - <$100k 7 $76 $10,857
    Nonfarm, nonresidential loans - $100-250k 19 $2,624 $138,105
    Nonfarm, nonresidential loans - $250k-1MM 63 $29,281 $464,778
    Commercial & Industrial, US addressed loans - <$1MM 30 $2,499 $83,300
    Commercial & Industrial, US addressed loans - <$100k 17 $287 $16,882
    Commercial & Industrial, US addressed loans - $100-250k 6 $602 $100,333
    Commercial & Industrial, US addressed loans - $250k-1MM 7 $1,610 $230,000