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

Jump to:

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, Beckley, Staunton, Lynchburg, and Virginia Beach among others. We have data for 17 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    205

    Origination Dollar Volume (All Markets)

    $40,575,000

    Employee count

    127

    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 111 $17,185,000 $154,820 $0 0.00%
    HARRISONBURG, VA (FHA|USDA|VA) 37 $13,975,000 $377,703 $0 0.00%
    BECKLEY, WV (FHA|USDA|VA) 31 $3,485,000 $112,419 $0 0.00%
    STAUNTON, VA (FHA|USDA|VA) 7 $2,095,000 $299,286 $0 0.00%
    LYNCHBURG, VA (FHA|USDA|VA) 4 $1,030,000 $257,500 $0 0.00%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 2 $490,000 $245,000 $0 0.00%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $405,000 $405,000 $0 0.00%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
    MORGANTOWN, WV (FHA|USDA|VA) 1 $275,000 $275,000 $0 0.00%
    WINCHESTER, VA-WV (FHA|USDA|VA) 2 $270,000 $135,000 $0 0.00%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
    CUMBERLAND, MD-WV (FHA|USDA|VA) 2 $170,000 $85,000 $0 0.00%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 1 $145,000 $145,000 $0 0.00%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
    Bluefield, WV-VA (FHA|USDA|VA) 1 $95,000 $95,000 $0 0.00%
    CHARLESTON, WV (FHA|USDA|VA) 1 $85,000 $85,000 $0 0.00%
    Pendleton Community Bank's top markets include Harrisonburg, Beckley, Staunton, Lynchburg, and Virginia Beach among others.

    Their top states include:
  • Virginia (FHA|USDA|VA)
  • West Virginia (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 205 $40,575,000 $197,927 $0 0.00%

    For 2021, Pendleton Community Bank's most frequently originated type of loan was Conventional, with 205 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 128 $25,480,000 $199,063 $0 0.00%
    Refi 69 $14,505,000 $210,217 $0 0.00%
    Other 5 $365,000 $73,000 $0 0.00%
    Home Improvement 3 $225,000 $75,000 $0 0.00%

    For 2021, Pendleton Community Bank's most frequently cited loan purpose was Home Purchase, with 128 originations. The 2nd most popular reason was Refi, with 69 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 205 $40,575,000 $197,927 $0 0.00%

    For 2021, Pendleton Community Bank's most frequently cited loan duration was Other, with 205 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 73 $4,355,000 $59,658 $0 0.00%
    $100k-200k 68 $10,100,000 $148,529 $0 0.00%
    $200k-400k 54 $14,240,000 $263,704 $0 0.00%
    $600k-1MM 5 $3,755,000 $751,000 $0 0.00%
    $400k-600k 3 $1,215,000 $405,000 $0 0.00%
    $1MM+ 2 $6,910,000 $3,455,000 $0 0.00%

    2021 saw Pendleton Community Bank place emphasis on $100,000 or less loans with 73 originations, totaling $4,355,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 43 $3,495,000 $81,279 $0 0.00%
    $50k-75k 33 $4,195,000 $127,121 $0 0.00%
    $100k-150k 28 $4,120,000 $147,143 $0 0.00%
    $150k-250k 24 $5,080,000 $211,667 $0 0.00%
    $75k-100k 15 $2,155,000 $143,667 $0 0.00%
    $250k+ 7 $2,005,000 $286,429 $0 0.00%

    Pendleton Community Bank lent most frequently to those with incomes in the $50k or less range, with 43 originations. The second most popular income band? $50k-75k, with 33 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 205 $40,575,000 $197,927 $0 0.00%

    Pendleton Community Bank lent most frequently to those with DTI ratios of Exempt%, with 205 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 139 $19,855,000 $142,842 $0 0.00%
    Not applicable 54 $19,220,000 $355,926 $0 0.00%
    Not provided 9 $1,195,000 $132,778 $0 0.00%
    Black 2 $180,000 $90,000 $0 0.00%
    Asian 1 $125,000 $125,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    87.40%

    Pendleton Community Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.29%

    Pendleton Community Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 205 $40,575,000 $197,927

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    205 $40,575,000 $197,927

    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 $31,251
    Pendleton Community Bank, Inc. 128 North Main Street Franklin, WV 26807 Full Service B&M $153,334
    Pendleton Community Bank, Inc. 19180 Seneca Trail Marlinton, WV 24954 Full Service B&M $60,146
    Pendleton Community Bank, Inc. 204 Pinewood Drive Beckley, WV 25801 Full Service B&M $52,987
    Pendleton Community Bank, Inc. 2169 South Main Street Harrisonburg, VA 22801 Full Service B&M $29,763
    Pendleton Community Bank, Inc. 25 West Main Street Wardensville, WV 26851 Full Service B&M $4,480
    Pendleton Community Bank, Inc. 317 North Main Street Bridgewater, VA 22812 Full Service B&M $19,727
    Pendleton Community Bank, Inc. 402 South Main Street Moorefield, WV 26836 Full Service B&M $42,806
    Pendleton Community Bank, Inc. 41 Monte Vista Dr Harrisonburg, VA 22802 Full Service B&M $51,713
    Pendleton Community Bank, Inc. 478 Frontier Dr Staunton, VA 24401 Full Service B&M $14,325
    Pendleton Community Bank, Inc. 57 South Main Street Harrisonburg, VA 22801 Full Service B&M $34,904
    Pendleton Community Bank, Inc. 602 Main Street Mount Hope, WV 25880 Full Service B&M $38,892
    Pendleton Community Bank, Inc. 835 East Main Street Oak Hill, WV 25901 Full Service B&M $24,201

    For 2021, Pendleton Community Bank had 13 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $19,974
    Net interest income $18,583
    Total noninterest income $3,936
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,444
    Trading account gains and fees $0
    Additional Noninterest Income $2,492
    Pre-tax net operating income $6,272
    Securities gains (or losses, -) $18
    Income before extraordinary items $5,179
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,179
    Minority interest net income $0
    Net income $5,179
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $5,164

    Pendleton Community Bank's gross interest income from loans was $19,974,000.
    Pendleton Community Bank's net interest income from loans was $18,583,000.
    Pendleton Community Bank's fee based income from loans was $1,444,000.
    Pendleton Community Bank's net income from loans was $5,179,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,391
    Provision for credit losses $625
    Total noninterest expense $15,622
    Salaries and employee benefits $8,529
    Premises and equipment expense $1,525
    Additional noninterest expense $5,568
    Applicable income taxes $1,111
    Net charge-offs $719
    Cash dividends $1,958

    Pendleton Community Bank's interest expense for loans was $1,391,000.
    Pendleton Community Bank's payroll and benefits expense were $8,529,000.
    Pendleton Community Bank's property, plant and equipment expenses $1,525,000.

    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 $565,552
    Deposits held in domestic offices $565,552
    Deposits by Individuals, partnerships, and corporations $512,293
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $51,909
    Deposits by Commercial banks and other depository institutions in U.S. $1,350
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $263,340
    Demand deposits $160,552
    Nontransaction accounts $302,212
    Money market deposit accounts (MMDAs) $76,603
    Other savings deposits (excluding MMDAs) $87,163
    Total time deposits $138,445
    Total time and savings deposits $405,000
    Noninterest-bearing deposits $160,552
    Interest-bearing deposits $405,000
    Retail deposits $547,959
    IRAs and Keogh plan accounts $32,391
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $627,833
    Cash & Balances due from depository institutions $95,694
    Interest-bearing balances $82,853
    Total securities $116,772
    Federal funds sold & reverse repurchase $12,667
    Net loans and leases $369,308
    Loan and leases loss allowance $3,080
    Trading account assets $0
    Bank premises and fixed assets $9,546
    Other real estate owned $635
    Goodwill and other intangibles $6,445
    All other assets $16,766

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $627,833
    Total Liabilities $573,217
    Total deposits $565,552
    Interest-bearing deposits $405,000
    Deposits held in domestic offices $565,552
    % insured (estimated) $88
    Federal funds purchased and repurchase agreements $657
    Trading liabilities $0
    Other borrowed funds $1,550
    Subordinated debt $0
    All other liabilities $5,458

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $369,308
    Loan and leases loss allowance $3,080
    Total loans and leases (domestic) $372,388
    All real estate loans $277,546
    Real estate loans in domestic offices $277,546
    Construction and development loans $35,941
    Residential 1-4 family construction $10,929
    Other construction, all land development and other land $25,012
    Loans secured by nonfarm nonresidential properties $69,043
    Nonfarm nonresidential secured by owner-occupied properties $19,924
    Commercial real estate & other non-farm, non-residential $49,119
    Multifamily residential real estate $11,945
    1-4 family residential loans $134,481
    Farmland loans $26,136
    Loans held in foreign offices $0
    Farm loans $3,479
    Commercial and industrial loans $51,820
    To non-U.S. addressees $0
    Loans to individuals $24,422
    Credit card loans $0
    Related Plans $156
    Consumer Auto Loans $12,958
    Other loans to individuals $11,308
    All other loans & leases $15,121
    Loans to foreign governments and official institutions $0
    Other loans $7,952
    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 $790
    Non 1-4 family restructured loans & leases $564
    Total loans and leases (foreign) $0

    Pendleton Community Bank had $369,308,000 of loans outstanding in 2021. $277,546,000 of loans were in real estate loans. $35,941,000 of loans were in development loans. $11,945,000 of loans were in multifamily mortgage loans. $134,481,000 of loans were in 1-4 family mortgage loans. $3,479,000 of loans were in farm loans. $0 of loans were in credit card loans. $12,958,000 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 216 $40,817 $188,968
    Nonfarm, nonresidential loans - <$100k 72 $2,183 $30,319
    Nonfarm, nonresidential loans - $100-250k 65 $7,052 $108,492
    Nonfarm, nonresidential loans - $250k-1MM 79 $31,582 $399,772
    Commercial & Industrial, US addressed loans - <$1MM 751 $33,451 $44,542
    Commercial & Industrial, US addressed loans - <$100k 612 $12,512 $20,444
    Commercial & Industrial, US addressed loans - $100-250k 95 $8,646 $91,011
    Commercial & Industrial, US addressed loans - $250k-1MM 44 $12,293 $279,386
    Farmland loans - <$1MM 135 $15,265 $113,074
    Farmland loans - <$100k 52 $1,648 $31,692
    Farmland loans - $100-250k 46 $4,800 $104,348
    Farmland loans - $250k-1MM 37 $8,817 $238,297
    Agriculture operations loans - <$1MM 180 $3,479 $19,328
    Agriculture operations loans - <$100k 164 $2,092 $12,756
    Agriculture operations loans - $100-250k 12 $635 $52,917
    Agriculture operations loans - $250k-1MM 4 $752 $188,000