Pendleton Community Bank Mortgage Rates, Fees & Info

Franklin, WV

LEI: 5493002B3KWBDNOTY262

Tax ID: 55-0251555

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 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, Winchester, Staunton, and Sevierville among others. We have data for 10 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

176

Origination Dollar Volume (All Markets)

$28,270,000

Employee count

118

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	107	$14,795,000	$138,271	$0	0.00%
HARRISONBURG, VA (FHA\|USDA\|VA)	16	$6,810,000	$425,625	$0	0.00%
BECKLEY, WV (FHA\|USDA\|VA)	32	$2,860,000	$89,375	$0	0.00%
WINCHESTER, VA-WV (FHA\|USDA\|VA)	7	$1,375,000	$196,429	$0	0.00%
STAUNTON, VA (FHA\|USDA\|VA)	4	$1,080,000	$270,000	$0	0.00%
Sevierville, TN (FHA\|USDA\|VA)	1	$435,000	$435,000	$0	0.00%
MORGANTOWN, WV (FHA\|USDA\|VA)	3	$385,000	$128,333	$0	0.00%
CUMBERLAND, MD-WV (FHA\|USDA\|VA)	4	$330,000	$82,500	$0	0.00%
CAPE CORAL-FORT MYERS, FL (FHA\|USDA\|VA)	1	$125,000	$125,000	$0	0.00%
CHARLESTON, WV (FHA\|USDA\|VA)	1	$75,000	$75,000	$0	0.00%

Pendleton Community Bank's top markets include Harrisonburg, Beckley, Winchester, Staunton, and Sevierville among others.

Their top states include:

West Virginia (FHA|USDA|VA)

Virginia (FHA|USDA|VA)

Tennessee (FHA|USDA|VA)

Florida (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	176	$28,270,000	$160,625	$0	0.00%

For 2020, Pendleton Community Bank's most frequently originated type of loan was Conventional, with 176 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	113	$14,995,000	$132,699	$0	0.00%
Refi	52	$12,880,000	$247,692	$0	0.00%
Other	7	$295,000	$42,143	$0	0.00%
Home Improvement	4	$100,000	$25,000	$0	0.00%

For 2020, Pendleton Community Bank's most frequently cited loan purpose was Home Purchase, with 113 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	176	$28,270,000	$160,625	$0	0.00%

For 2020, Pendleton Community Bank's most frequently cited loan duration was Other, with 176 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	89	$4,915,000	$55,225	$0	0.00%
$100k-200k	56	$7,910,000	$141,250	$0	0.00%
$200k-400k	21	$5,665,000	$269,762	$0	0.00%
$400k-600k	5	$2,355,000	$471,000	$0	0.00%
$1MM+	3	$5,675,000	$1,891,667	$0	0.00%
$600k-1MM	2	$1,750,000	$875,000	$0	0.00%

2020 saw Pendleton Community Bank place emphasis on $100,000 or less loans with 89 originations, totaling $4,915,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k or less	41	$2,235,000	$54,512	$0	0.00%
$50k-75k	37	$4,525,000	$122,297	$0	0.00%
$75k-100k	25	$3,045,000	$121,800	$0	0.00%
$100k-150k	20	$2,520,000	$126,000	$0	0.00%
$150k-250k	17	$1,935,000	$113,824	$0	0.00%
$250k+	15	$4,965,000	$331,000	$0	0.00%

Pendleton Community Bank lent most frequently to those with incomes in the $50k or less range, with 41 originations. The second most popular income band? $50k-75k, with 37 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	176	$28,270,000	$160,625	$0	0.00%

Pendleton Community Bank lent most frequently to those with DTI ratios of Exempt%, with 176 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	147	$18,505,000	$125,884	$0	0.00%
Not applicable	20	$8,900,000	$445,000	$0	0.00%
Not provided	6	$760,000	$126,667	$0	0.00%
Black	3	$105,000	$35,000	$0	0.00%

Approval Rates

Total approvals of all applications
84.87%

Pendleton Community Bank has a below average approval rate.

Pick Rate

Approvals leading to origination
85.23%

Pendleton Community Bank has an average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	176	$28,270,000	$160,625

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	3	$2,265,000	$755,000
Single Family (1-4 Units):Manufactured	22	$1,770,000	$80,455
Single Family (1-4 Units):Site-Built	151	$24,235,000	$160,497

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	$26,439
Pendleton Community Bank, Inc.	128 North Main Street Franklin, WV 26807	Full Service B&M	$135,484
Pendleton Community Bank, Inc.	19180 Seneca Trail Marlinton, WV 24954	Full Service B&M	$53,281
Pendleton Community Bank, Inc.	204 Pinewood Drive Beckley, WV 25801	Full Service B&M	$46,160
Pendleton Community Bank, Inc.	25 West Main Street Wardensville, WV 26851	Full Service B&M	$2,077
Pendleton Community Bank, Inc.	402 South Main Street Moorefield, WV 26836	Full Service B&M	$38,266
Pendleton Community Bank, Inc.	41 Monte Vista Dr Harrisonburg, VA 22802	Full Service B&M	$46,699
Pendleton Community Bank, Inc.	57 South Main Street Harrisonburg, VA 22801	Full Service B&M	$21,530
Pendleton Community Bank, Inc.	602 Main Street Mount Hope, WV 25880	Full Service B&M	$40,339
Pendleton Community Bank, Inc.	835 East Main Street Oak Hill, WV 25901	Full Service B&M	$24,452

For 2020, Pendleton Community Bank had 10 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$19,972
Net interest income	$17,763
Total noninterest income	$3,446
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$1,390
Trading account gains and fees	$0
Additional Noninterest Income	$2,056
Pre-tax net operating income	$6,090
Securities gains (or losses, -)	$-22
Income before extraordinary items	$4,902
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$4,902
Minority interest net income	$0
Net income	$4,902
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$4,919

Pendleton Community Bank's gross interest income from loans was $19,972,000.
Pendleton Community Bank's net interest income from loans was $17,763,000.
Pendleton Community Bank's fee based income from loans was $1,390,000.
Pendleton Community Bank's net income from loans was $4,902,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$2,209
Provision for credit losses	$860
Total noninterest expense	$14,259
Salaries and employee benefits	$7,594
Premises and equipment expense	$1,919
Additional noninterest expense	$4,746
Applicable income taxes	$1,166
Net charge-offs	$676
Cash dividends	$2,516

Pendleton Community Bank's interest expense for loans was $2,209,000.
Pendleton Community Bank's payroll and benefits expense were $7,594,000.
Pendleton Community Bank's property, plant and equipment expenses $1,919,000.

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	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	$457,722
Deposits held in domestic offices	$457,722
Deposits by Individuals, partnerships, and corporations	$416,061
Deposits by U.S. Government	$0
Deposits by States and political subdivisions in the U.S.	$41,276
Deposits by Commercial banks and other depository institutions in U.S.	$385
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$214,913
Demand deposits	$133,611
Nontransaction accounts	$242,809
Money market deposit accounts (MMDAs)	$60,440
Other savings deposits (excluding MMDAs)	$70,843
Total time deposits	$111,526
Total time and savings deposits	$324,111
Noninterest-bearing deposits	$133,611
Interest-bearing deposits	$324,111
Retail deposits	$438,905
IRAs and Keogh plan accounts	$24,610
Brokered deposits	$0
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$515,132
Cash & Balances due from depository institutions	$48,360
Interest-bearing balances	$36,052
Total securities	$64,512
Federal funds sold & reverse repurchase	$5,642
Net loans and leases	$370,548
Loan and leases loss allowance	$3,174
Trading account assets	$0
Bank premises and fixed assets	$7,033
Other real estate owned	$1,181
Goodwill and other intangibles	$5,512
All other assets	$12,344

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$515,132
Total Liabilities	$465,543
Total deposits	$457,722
Interest-bearing deposits	$324,111
Deposits held in domestic offices	$457,722
% insured (estimated)	$87
Federal funds purchased and repurchase agreements	$1,677
Trading liabilities	$0
Other borrowed funds	$1,735
Subordinated debt	$0
All other liabilities	$4,409

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$370,548
Loan and leases loss allowance	$3,174
Total loans and leases (domestic)	$373,722
All real estate loans	$246,335
Real estate loans in domestic offices	$246,335
Construction and development loans	$27,473
Residential 1-4 family construction	$6,470
Other construction, all land development and other land	$21,003
Loans secured by nonfarm nonresidential properties	$55,277
Nonfarm nonresidential secured by owner-occupied properties	$22,700
Commercial real estate & other non-farm, non-residential	$32,577
Multifamily residential real estate	$9,030
1-4 family residential loans	$129,281
Farmland loans	$25,274
Loans held in foreign offices	$0
Farm loans	$3,564
Commercial and industrial loans	$62,810
To non-U.S. addressees	$0
Loans to individuals	$17,214
Credit card loans	$0
Related Plans	$196
Consumer Auto Loans	$9,034
Other loans to individuals	$7,984
All other loans & leases	$43,799
Loans to foreign governments and official institutions	$0
Other loans	$37,212
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	$7,158
Non 1-4 family restructured loans & leases	$5,641
Total loans and leases (foreign)	$0

Pendleton Community Bank had $370,548,000 of loans outstanding in 2020. $246,335,000 of loans were in real estate loans. $27,473,000 of loans were in development loans. $9,030,000 of loans were in multifamily mortgage loans. $129,281,000 of loans were in 1-4 family mortgage loans. $3,564,000 of loans were in farm loans. $0 of loans were in credit card loans. $9,034,000 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	210	$35,733	$170,157
Nonfarm, nonresidential loans - <$100k	74	$2,159	$29,176
Nonfarm, nonresidential loans - $100-250k	69	$7,119	$103,174
Nonfarm, nonresidential loans - $250k-1MM	67	$26,455	$394,851
Commercial & Industrial, US addressed loans - <$1MM	752	$39,696	$52,787
Commercial & Industrial, US addressed loans - <$100k	617	$13,893	$22,517
Commercial & Industrial, US addressed loans - $100-250k	83	$8,902	$107,253
Commercial & Industrial, US addressed loans - $250k-1MM	52	$16,901	$325,019
Farmland loans - <$1MM	137	$15,270	$111,460
Farmland loans - <$100k	55	$1,889	$34,345
Farmland loans - $100-250k	46	$5,001	$108,717
Farmland loans - $250k-1MM	36	$8,380	$232,778
Agriculture operations loans - <$1MM	202	$3,564	$17,644
Agriculture operations loans - <$100k	188	$2,594	$13,798
Agriculture operations loans - $100-250k	10	$501	$50,100
Agriculture operations loans - $250k-1MM	4	$469	$117,250