Pendleton Community Bank Mortgage Rates, Fees & Info

Franklin, WV

LEI: 5493002B3KWBDNOTY262

Tax ID: 55-0251555

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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

    Pendleton Community Bank is a smaller bank specializing in Home Purchase and Refi loans. Pendleton Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: Harrisonburg, Roanoke, Morgantown, Sevierville, and Washington among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Pendleton 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

    138

    Origination Dollar Volume (All Markets)

    $18,850,000

    Employee count

    92

    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
    Outside of Metro Areas 110 $12,380,000 $112,545 $0 0.00%
    HARRISONBURG, VA (FHA|USDA|VA) 9 $2,565,000 $285,000 $0 0.00%
    ROANOKE, VA (FHA|USDA|VA) 1 $1,065,000 $1,065,000 $0 0.00%
    MORGANTOWN, WV (FHA|USDA|VA) 4 $1,030,000 $257,500 $0 0.00%
    Sevierville, TN (FHA|USDA|VA) 1 $505,000 $505,000 $0 0.00%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 4 $420,000 $105,000 $0 0.00%
    WINCHESTER, VA-WV (FHA|USDA|VA) 4 $360,000 $90,000 $0 0.00%
    BECKLEY, WV (FHA|USDA|VA) 2 $170,000 $85,000 $0 0.00%
    CANTON-MASSILLON, OH (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
    Elkins, WV (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
    Cambridge, MD (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
    Pendleton Community Bank's top markets include Harrisonburg, Roanoke, Morgantown, Sevierville, and Washington among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 138 $18,850,000 $136,594 $0 0.00%

    For 2018, Pendleton Community Bank's most frequently originated type of loan was Conventional, with 138 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 82 $11,910,000 $145,244 $0 0.00%
    Refi 37 $5,905,000 $159,595 $0 0.00%
    Home Improvement 11 $605,000 $55,000 $0 0.00%
    Other 8 $430,000 $53,750 $0 0.00%

    For 2018, Pendleton Community Bank's most frequently cited loan purpose was Home Purchase, with 82 originations. The 2nd most popular reason was Refi, with 37 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 138 $18,850,000 $136,594 $0 0.00%

    For 2018, Pendleton Community Bank's most frequently cited loan duration was Other, with 138 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 79 $4,405,000 $55,759 $0 0.00%
    $100k-200k 34 $4,750,000 $139,706 $0 0.00%
    $200k-400k 15 $3,705,000 $247,000 $0 0.00%
    $400k-600k 7 $3,415,000 $487,857 $0 0.00%
    $600k-1MM 2 $1,510,000 $755,000 $0 0.00%
    $1MM+ 1 $1,065,000 $1,065,000 $0 0.00%

    2018 saw Pendleton Community Bank place emphasis on $100,000 or less loans with 79 originations, totaling $4,405,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 38 $2,290,000 $60,263 $0 0.00%
    $50k-75k 30 $2,810,000 $93,667 $0 0.00%
    $100k-150k 26 $3,420,000 $131,538 $0 0.00%
    $75k-100k 16 $1,920,000 $120,000 $0 0.00%
    $250k+ 7 $2,205,000 $315,000 $0 0.00%
    $150k-250k 6 $1,850,000 $308,333 $0 0.00%

    Pendleton Community Bank lent most frequently to those with incomes in the $50k or less range, with 38 originations. The second most popular income band? $50k-75k, with 30 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 138 $18,850,000 $136,594 $0 0.00%

    Pendleton Community Bank lent most frequently to those with DTI ratios of Exempt%, with 138 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 118 $13,820,000 $117,119 $0 0.00%
    Not applicable 12 $3,990,000 $332,500 $0 0.00%
    Not provided 4 $810,000 $202,500 $0 0.00%
    Black 3 $145,000 $48,333 $0 0.00%
    American Indian 1 $85,000 $85,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    85.79%

    Pendleton Community Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.23%

    Pendleton Community Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 138 $18,850,000 $136,594

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $205,000 $205,000
    Multifamily:Site-Built 1 $805,000 $805,000
    Single Family (1-4 Units):Manufactured 32 $2,550,000 $79,688
    Single Family (1-4 Units):Site-Built 104 $15,290,000 $147,019

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Pendleton Community Bank, Inc. 19180 Seneca Trail Marlinton, WV 24954 Full Service B&M $37,569
    Pendleton Community Bank, Inc. 402 South Main Street Moorefield, WV 26836 Full Service B&M $31,461
    Pendleton Community Bank, Inc. 102 Virginia Avenue Petersburg, WV 26847 Full Service B&M $20,014
    Pendleton Community Bank, Inc. 128 North Main Street Franklin, WV 26807 Full Service B&M $119,143
    Pendleton Community Bank, Inc. 41 Monte Vista Dr Harrisonburg, VA 22802 Full Service B&M $34,851
    Pendleton Community Bank, Inc. 57 South Main Street Harrisonburg, VA 22801 Full Service B&M $12,811

    For 2018, Pendleton Community Bank had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $13,896
    Net interest income $12,224
    Total noninterest income $2,346
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,195
    Trading account gains and fees $0
    Additional Noninterest Income $1,151
    Pre-tax net operating income $4,762
    Securities gains (or losses, -) $-1
    Income before extraordinary items $3,884
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,884
    Minority interest net income $0
    Net income $3,884
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $3,884

    Pendleton Community Bank's gross interest income from loans was $13,896,000.
    Pendleton Community Bank's net interest income from loans was $12,224,000.
    Pendleton Community Bank's fee based income from loans was $1,195,000.
    Pendleton Community Bank's net income from loans was $3,884,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,672
    Provision for credit losses $370
    Total noninterest expense $9,438
    Salaries and employee benefits $5,056
    Premises and equipment expense $1,327
    Additional noninterest expense $3,055
    Applicable income taxes $877
    Net charge-offs $313
    Cash dividends $1,932

    Pendleton Community Bank's interest expense for loans was $1,672,000.
    Pendleton Community Bank's payroll and benefits expense were $5,056,000.
    Pendleton Community Bank's property, plant and equipment expenses $1,327,000.

    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 7.0%
    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 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 $263,690
    Deposits held in domestic offices $263,690
    Deposits by Individuals, partnerships, and corporations $242,311
    Deposits by U.S. Government $2
    Deposits by States and political subdivisions in the U.S. $21,377
    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 $108,083
    Demand deposits $61,220
    Nontransaction accounts $155,607
    Money market deposit accounts (MMDAs) $32,784
    Other savings deposits (excluding MMDAs) $39,158
    Total time deposits $83,665
    Total time and savings deposits $202,470
    Noninterest-bearing deposits $61,220
    Interest-bearing deposits $202,471
    Retail deposits $249,526
    IRAs and Keogh plan accounts $18,206
    Brokered deposits $3,455
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $307,536
    Cash & Balances due from depository institutions $10,271
    Interest-bearing balances $4,332
    Total securities $37,162
    Federal funds sold & reverse repurchase $0
    Net loans and leases $241,353
    Loan and leases loss allowance $2,686
    Trading account assets $0
    Bank premises and fixed assets $5,368
    Other real estate owned $682
    Goodwill and other intangibles $1,093
    All other assets $11,607

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $307,536
    Total Liabilities $269,576
    Total deposits $263,690
    Interest-bearing deposits $202,471
    Deposits held in domestic offices $263,690
    % insured (estimated) $90
    Federal funds purchased and repurchase agreements $1,014
    Trading liabilities $0
    Other borrowed funds $2,144
    Subordinated debt $0
    All other liabilities $2,728

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $241,353
    Loan and leases loss allowance $2,686
    Total loans and leases (domestic) $244,039
    All real estate loans $200,877
    Real estate loans in domestic offices $200,877
    Construction and development loans $33,704
    Residential 1-4 family construction $5,611
    Other construction, all land development and other land $28,093
    Loans secured by nonfarm nonresidential properties $37,452
    Nonfarm nonresidential secured by owner-occupied properties $16,538
    Commercial real estate & other non-farm, non-residential $20,914
    Multifamily residential real estate $6,140
    1-4 family residential loans $100,171
    Farmland loans $23,410
    Loans held in foreign offices $0
    Farm loans $4,508
    Commercial and industrial loans $14,923
    To non-U.S. addressees $0
    Loans to individuals $11,522
    Credit card loans $0
    Related Plans $261
    Consumer Auto Loans $7,133
    Other loans to individuals $4,128
    All other loans & leases $12,209
    Loans to foreign governments and official institutions $0
    Other loans $7,070
    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 $4,122
    Non 1-4 family restructured loans & leases $3,344
    Total loans and leases (foreign) $0

    Pendleton Community Bank had $241,353,000 of loans outstanding in 2018. $200,877,000 of loans were in real estate loans. $33,704,000 of loans were in development loans. $6,140,000 of loans were in multifamily mortgage loans. $100,171,000 of loans were in 1-4 family mortgage loans. $4,508,000 of loans were in farm loans. $0 of loans were in credit card loans. $7,133,000 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 141 $27,152 $192,567
    Nonfarm, nonresidential loans - <$100k 50 $1,754 $35,080
    Nonfarm, nonresidential loans - $100-250k 47 $5,737 $122,064
    Nonfarm, nonresidential loans - $250k-1MM 44 $19,661 $446,841
    Commercial & Industrial, US addressed loans - <$1MM 280 $12,275 $43,839
    Commercial & Industrial, US addressed loans - <$100k 239 $4,972 $20,803
    Commercial & Industrial, US addressed loans - $100-250k 24 $1,806 $75,250
    Commercial & Industrial, US addressed loans - $250k-1MM 17 $5,497 $323,353
    Farmland loans - <$1MM 116 $15,723 $135,543
    Farmland loans - <$100k 47 $2,111 $44,915
    Farmland loans - $100-250k 36 $4,534 $125,944
    Farmland loans - $250k-1MM 33 $9,078 $275,091
    Agriculture operations loans - <$1MM 184 $4,508 $24,500
    Agriculture operations loans - <$100k 172 $2,861 $16,634
    Agriculture operations loans - $100-250k 9 $884 $98,222
    Agriculture operations loans - $250k-1MM 3 $763 $254,333