Pendleton Community Bank Mortgage Rates, Fees & Info

Franklin, WV

LEI: 5493002B3KWBDNOTY262

Tax ID: 55-0251555

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Mortgage Data

Bank Data

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, Beckley, Charlottesville, Washington, and Salisbury among others. We have data for 14 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.

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Originations

166

Origination Dollar Volume (All Markets)

$23,310,000

Employee count

119

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 96 $13,110,000 $136,563 $0 0.00%
HARRISONBURG, VA (FHA|USDA|VA) 23 $4,305,000 $187,174 $0 0.00%
BECKLEY, WV (FHA|USDA|VA) 29 $2,535,000 $87,414 $0 0.00%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 3 $1,195,000 $398,333 $0 0.00%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 2 $960,000 $480,000 $0 0.00%
SALISBURY, MD-DE (FHA|USDA|VA) 1 $285,000 $285,000 $0 0.00%
WINCHESTER, VA-WV (FHA|USDA|VA) 3 $215,000 $71,667 $0 0.00%
CUMBERLAND, MD-WV (FHA|USDA|VA) 3 $195,000 $65,000 $0 0.00%
Elkins, WV (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
CANTON-MASSILLON, OH (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
STAUNTON, VA (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
MORGANTOWN, WV (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
CHARLESTON, WV (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
Pendleton Community Bank's top markets include Harrisonburg, Beckley, Charlottesville, Washington, and Salisbury among others.

Their top states include:
  • West Virginia (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Delaware (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 166 $23,310,000 $140,422 $0 0.00%

    For 2019, Pendleton Community Bank's most frequently originated type of loan was Conventional, with 166 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 87 $11,175,000 $128,448 $0 0.00%
    Refi 52 $10,460,000 $201,154 $0 0.00%
    Other 11 $565,000 $51,364 $0 0.00%
    Home Improvement 10 $530,000 $53,000 $0 0.00%
    Cash Out Refi 6 $580,000 $96,667 $0 0.00%

    For 2019, Pendleton Community Bank's most frequently cited loan purpose was Home Purchase, with 87 originations. The 2nd most popular reason was Refi, with 52 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 166 $23,310,000 $140,422 $0 0.00%

    For 2019, Pendleton Community Bank's most frequently cited loan duration was Other, with 166 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 93 $5,025,000 $54,032 $0 0.00%
    $100k-200k 43 $6,215,000 $144,535 $0 0.00%
    $200k-400k 22 $5,850,000 $265,909 $0 0.00%
    $400k-600k 4 $1,920,000 $480,000 $0 0.00%
    $1MM+ 2 $2,900,000 $1,450,000 $0 0.00%
    $600k-1MM 2 $1,400,000 $700,000 $0 0.00%

    2019 saw Pendleton Community Bank place emphasis on $100,000 or less loans with 93 originations, totaling $5,025,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 39 $2,485,000 $63,718 $0 0.00%
    $50k-75k 30 $2,940,000 $98,000 $0 0.00%
    $100k-150k 25 $2,995,000 $119,800 $0 0.00%
    $75k-100k 19 $2,025,000 $106,579 $0 0.00%
    $150k-250k 18 $3,270,000 $181,667 $0 0.00%
    $250k+ 8 $2,390,000 $298,750 $0 0.00%

    Pendleton Community Bank lent most frequently to those with incomes in the $50k or less range, with 39 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% 166 $23,310,000 $140,422 $0 0.00%

    Pendleton Community Bank lent most frequently to those with DTI ratios of Exempt%, with 166 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 133 $15,205,000 $114,323 $0 0.00%
    Not applicable 24 $6,930,000 $288,750 $0 0.00%
    Not provided 6 $990,000 $165,000 $0 0.00%
    Black 2 $150,000 $75,000 $0 0.00%
    American Indian 1 $35,000 $35,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    81.12%

    Pendleton Community Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    82.53%

    Pendleton Community Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 166 $23,310,000 $140,422

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 3 $605,000 $201,667
    Single Family (1-4 Units):Manufactured 21 $2,095,000 $99,762
    Single Family (1-4 Units):Site-Built 142 $20,610,000 $145,141

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Pendleton Community Bank, Inc. 102 Virginia Avenue Petersburg, WV 26847 Full Service B&M $21,919
    Pendleton Community Bank, Inc. 128 North Main Street Franklin, WV 26807 Full Service B&M $122,944
    Pendleton Community Bank, Inc. 19180 Seneca Trail Marlinton, WV 24954 Full Service B&M $38,310
    Pendleton Community Bank, Inc. 402 South Main Street Moorefield, WV 26836 Full Service B&M $33,238
    Pendleton Community Bank, Inc. 41 Monte Vista Dr Harrisonburg, VA 22802 Full Service B&M $39,155
    Pendleton Community Bank, Inc. 57 South Main Street Harrisonburg, VA 22801 Full Service B&M $15,810

    For 2019, Pendleton Community Bank had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $16,452
    Net interest income $13,998
    Total noninterest income $2,870
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,446
    Trading account gains and fees $0
    Additional Noninterest Income $1,424
    Pre-tax net operating income $5,331
    Securities gains (or losses, -) $48
    Income before extraordinary items $4,266
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,266
    Minority interest net income $0
    Net income $4,266
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,228

    Pendleton Community Bank's gross interest income from loans was $16,452,000.
    Pendleton Community Bank's net interest income from loans was $13,998,000.
    Pendleton Community Bank's fee based income from loans was $1,446,000.
    Pendleton Community Bank's net income from loans was $4,266,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,454
    Provision for credit losses $540
    Total noninterest expense $10,997
    Salaries and employee benefits $6,050
    Premises and equipment expense $1,579
    Additional noninterest expense $3,368
    Applicable income taxes $1,113
    Net charge-offs $235
    Cash dividends $3,277

    Pendleton Community Bank's interest expense for loans was $2,454,000.
    Pendleton Community Bank's payroll and benefits expense were $6,050,000.
    Pendleton Community Bank's property, plant and equipment expenses $1,579,000.

    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 8.0%
    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 $390,014
    Deposits held in domestic offices $390,014
    Deposits by Individuals, partnerships, and corporations $352,452
    Deposits by U.S. Government $23
    Deposits by States and political subdivisions in the U.S. $36,938
    Deposits by Commercial banks and other depository institutions in U.S. $601
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $154,617
    Demand deposits $97,116
    Nontransaction accounts $235,397
    Money market deposit accounts (MMDAs) $62,169
    Other savings deposits (excluding MMDAs) $58,946
    Total time deposits $114,282
    Total time and savings deposits $292,898
    Noninterest-bearing deposits $97,144
    Interest-bearing deposits $292,870
    Retail deposits $372,589
    IRAs and Keogh plan accounts $24,208
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $442,153
    Cash & Balances due from depository institutions $14,986
    Interest-bearing balances $6,058
    Total securities $67,508
    Federal funds sold & reverse repurchase $9,498
    Net loans and leases $325,234
    Loan and leases loss allowance $2,990
    Trading account assets $0
    Bank premises and fixed assets $6,920
    Other real estate owned $687
    Goodwill and other intangibles $5,630
    All other assets $11,690

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $442,153
    Total Liabilities $396,637
    Total deposits $390,014
    Interest-bearing deposits $292,870
    Deposits held in domestic offices $390,014
    % insured (estimated) $87
    Federal funds purchased and repurchase agreements $1,458
    Trading liabilities $0
    Other borrowed funds $1,944
    Subordinated debt $0
    All other liabilities $3,221

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $325,234
    Loan and leases loss allowance $2,990
    Total loans and leases (domestic) $328,224
    All real estate loans $253,267
    Real estate loans in domestic offices $253,267
    Construction and development loans $39,294
    Residential 1-4 family construction $9,883
    Other construction, all land development and other land $29,411
    Loans secured by nonfarm nonresidential properties $48,525
    Nonfarm nonresidential secured by owner-occupied properties $21,954
    Commercial real estate & other non-farm, non-residential $26,571
    Multifamily residential real estate $6,742
    1-4 family residential loans $131,286
    Farmland loans $27,420
    Loans held in foreign offices $0
    Farm loans $4,713
    Commercial and industrial loans $35,336
    To non-U.S. addressees $0
    Loans to individuals $18,778
    Credit card loans $0
    Related Plans $191
    Consumer Auto Loans $10,980
    Other loans to individuals $7,607
    All other loans & leases $16,130
    Loans to foreign governments and official institutions $0
    Other loans $7,160
    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 $5,992
    Non 1-4 family restructured loans & leases $4,420
    Total loans and leases (foreign) $0

    Pendleton Community Bank had $325,234,000 of loans outstanding in 2019. $253,267,000 of loans were in real estate loans. $39,294,000 of loans were in development loans. $6,742,000 of loans were in multifamily mortgage loans. $131,286,000 of loans were in 1-4 family mortgage loans. $4,713,000 of loans were in farm loans. $0 of loans were in credit card loans. $10,980,000 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 185 $32,467 $175,497
    Nonfarm, nonresidential loans - <$100k 62 $2,282 $36,806
    Nonfarm, nonresidential loans - $100-250k 66 $7,791 $118,045
    Nonfarm, nonresidential loans - $250k-1MM 57 $22,394 $392,877
    Commercial & Industrial, US addressed loans - <$1MM 381 $17,820 $46,772
    Commercial & Industrial, US addressed loans - <$100k 308 $6,383 $20,724
    Commercial & Industrial, US addressed loans - $100-250k 48 $3,946 $82,208
    Commercial & Industrial, US addressed loans - $250k-1MM 25 $7,491 $299,640
    Farmland loans - <$1MM 131 $17,874 $136,443
    Farmland loans - <$100k 49 $2,254 $46,000
    Farmland loans - $100-250k 46 $5,841 $126,978
    Farmland loans - $250k-1MM 36 $9,779 $271,639
    Agriculture operations loans - <$1MM 193 $4,713 $24,420
    Agriculture operations loans - <$100k 180 $3,060 $17,000
    Agriculture operations loans - $100-250k 11 $1,001 $91,000
    Agriculture operations loans - $250k-1MM 2 $652 $326,000