Middletown Valley Bank Mortgage Rates, Fees & Info

Middletown, MD

LEI: 5493002YYAGPQ7L1YS68

Tax ID: 52-0414240

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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

    Middletown Valley Bank is a smaller bank specializing in Home Purchase and Refi loans. Middletown Valley Bank has a high proportion of conventional loans. Their top markets by origination volume include: Hagerstown, Washington, Chambersburg, Baltimore, and Miami among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Middletown Valley Bank has an above 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

    103

    Origination Dollar Volume (All Markets)

    $30,135,000

    Employee count

    110

    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
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 53 $14,215,000 $268,208 $0 0.00%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 28 $8,950,000 $319,643 $0 0.00%
    CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 6 $2,450,000 $408,333 $0 0.00%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 10 $2,010,000 $201,000 $0 0.00%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $0 0.00%
    SALISBURY, MD-DE (FHA|USDA|VA) 2 $930,000 $465,000 $0 0.00%
    Outside of Metro Areas 2 $320,000 $160,000 $0 0.00%
    Somerset, PA (FHA|USDA|VA) 1 $255,000 $255,000 $0 0.00%
    Middletown Valley Bank's top markets include Hagerstown, Washington, Chambersburg, Baltimore, and Miami among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 103 $30,135,000 $292,573 $0 0.00%

    For 2018, Middletown Valley Bank's most frequently originated type of loan was Conventional, with 103 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 73 $20,005,000 $274,041 $0 0.00%
    Refi 29 $10,085,000 $347,759 $0 0.00%
    Home Improvement 1 $45,000 $45,000 $0 0.00%

    For 2018, Middletown Valley Bank's most frequently cited loan purpose was Home Purchase, with 73 originations. The 2nd most popular reason was Refi, with 29 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 103 $30,135,000 $292,573 $0 0.00%

    For 2018, Middletown Valley Bank's most frequently cited loan duration was Other, with 103 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 31 $8,685,000 $280,161 $0 0.00%
    $100k-200k 30 $4,520,000 $150,667 $0 0.00%
    $100,000 or less 19 $1,265,000 $66,579 $0 0.00%
    $400k-600k 13 $5,915,000 $455,000 $0 0.00%
    $1MM+ 5 $6,415,000 $1,283,000 $0 0.00%
    $600k-1MM 5 $3,335,000 $667,000 $0 0.00%

    2018 saw Middletown Valley Bank place emphasis on $200k-400k loans with 31 originations, totaling $8,685,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 20 $8,150,000 $407,500 $0 0.00%
    $100k-150k 15 $4,115,000 $274,333 $0 0.00%
    $50k-75k 10 $2,060,000 $206,000 $0 0.00%
    $150k-250k 9 $3,265,000 $362,778 $0 0.00%
    $75k-100k 6 $1,720,000 $286,667 $0 0.00%
    $50k or less 2 $190,000 $95,000 $0 0.00%

    Middletown Valley Bank lent most frequently to those with incomes in the $250k+ range, with 20 originations. The second most popular income band? $100k-150k, with 15 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 103 $30,135,000 $292,573 $0 0.00%

    Middletown Valley Bank lent most frequently to those with DTI ratios of Exempt%, with 103 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 52 $17,670,000 $339,808 $0 0.00%
    Not applicable 38 $9,840,000 $258,947 $0 0.00%
    Not provided 10 $1,740,000 $174,000 $0 0.00%
    Asian 1 $415,000 $415,000 $0 0.00%
    Black 1 $395,000 $395,000 $0 0.00%
    Other Asian 1 $75,000 $75,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    96.03%

    Middletown Valley Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    82.52%

    Middletown Valley Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 103 $30,135,000 $292,573

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 6 $2,450,000 $408,333
    Single Family (1-4 Units):Manufactured 3 $455,000 $151,667
    Single Family (1-4 Units):Site-Built 94 $27,230,000 $289,681

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Middletown Valley Bank 1101 Professional Court Hagerstown, MD 21740 Full Service B&M $131,436
    Middletown Valley Bank 24 West Main Street Middletown, MD 21769 Full Service B&M $29,981
    Middletown Valley Bank 3001 Ventrie Court Myersville, MD 21773 Full Service B&M $32,375
    Middletown Valley Bank 3848 Jefferson Pike Jefferson, MD 21755 Full Service B&M $46,675
    Middletown Valley Bank 6721 Old National Pike Boonsboro, MD 21713 Full Service B&M $23,342
    Middletown Valley Bank 803 East Main Street Middletown, MD 21769 Full Service B&M $83,480

    For 2018, Middletown Valley Bank had 6 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $16,301
    Net interest income $13,646
    Total noninterest income $1,174
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $397
    Trading account gains and fees $0
    Additional Noninterest Income $777
    Pre-tax net operating income $2,783
    Securities gains (or losses, -) $0
    Income before extraordinary items $2,081
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,081
    Minority interest net income $0
    Net income $2,081
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $2,081

    Middletown Valley Bank's gross interest income from loans was $16,301,000.
    Middletown Valley Bank's net interest income from loans was $13,646,000.
    Middletown Valley Bank's fee based income from loans was $397,000.
    Middletown Valley Bank's net income from loans was $2,081,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,655
    Provision for credit losses $582
    Total noninterest expense $11,455
    Salaries and employee benefits $6,483
    Premises and equipment expense $1,900
    Additional noninterest expense $3,072
    Applicable income taxes $702
    Net charge-offs $40
    Cash dividends $401

    Middletown Valley Bank's interest expense for loans was $2,655,000.
    Middletown Valley Bank's payroll and benefits expense were $6,483,000.
    Middletown Valley Bank's property, plant and equipment expenses $1,900,000.

    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 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    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 $388,631
    Deposits held in domestic offices $388,631
    Deposits by Individuals, partnerships, and corporations $386,247
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $2,384
    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 $153,258
    Demand deposits $137,579
    Nontransaction accounts $235,373
    Money market deposit accounts (MMDAs) $90,948
    Other savings deposits (excluding MMDAs) $53,773
    Total time deposits $90,652
    Total time and savings deposits $251,052
    Noninterest-bearing deposits $107,475
    Interest-bearing deposits $281,156
    Retail deposits $314,198
    IRAs and Keogh plan accounts $13,351
    Brokered deposits $43,017
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $435,574
    Cash & Balances due from depository institutions $15,347
    Interest-bearing balances $8,675
    Total securities $47,967
    Federal funds sold & reverse repurchase $3,198
    Net loans and leases $354,149
    Loan and leases loss allowance $3,593
    Trading account assets $0
    Bank premises and fixed assets $6,152
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $8,761

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $435,574
    Total Liabilities $390,716
    Total deposits $388,631
    Interest-bearing deposits $281,156
    Deposits held in domestic offices $388,631
    % insured (estimated) $84
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $2,085

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $354,149
    Loan and leases loss allowance $3,593
    Total loans and leases (domestic) $357,742
    All real estate loans $282,426
    Real estate loans in domestic offices $282,426
    Construction and development loans $22,535
    Residential 1-4 family construction $3,616
    Other construction, all land development and other land $18,919
    Loans secured by nonfarm nonresidential properties $122,807
    Nonfarm nonresidential secured by owner-occupied properties $59,290
    Commercial real estate & other non-farm, non-residential $63,517
    Multifamily residential real estate $10,414
    1-4 family residential loans $117,134
    Farmland loans $9,536
    Loans held in foreign offices $0
    Farm loans $438
    Commercial and industrial loans $71,790
    To non-U.S. addressees $0
    Loans to individuals $1,442
    Credit card loans $0
    Related Plans $973
    Consumer Auto Loans $253
    Other loans to individuals $216
    All other loans & leases $1,646
    Loans to foreign governments and official institutions $0
    Other loans $1,570
    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 $731
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Middletown Valley Bank had $354,149,000 of loans outstanding in 2018. $282,426,000 of loans were in real estate loans. $22,535,000 of loans were in development loans. $10,414,000 of loans were in multifamily mortgage loans. $117,134,000 of loans were in 1-4 family mortgage loans. $438,000 of loans were in farm loans. $0 of loans were in credit card loans. $253,000 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 98 $34,246 $349,449
    Nonfarm, nonresidential loans - <$100k 9 $502 $55,778
    Nonfarm, nonresidential loans - $100-250k 25 $3,818 $152,720
    Nonfarm, nonresidential loans - $250k-1MM 64 $29,926 $467,594
    Commercial & Industrial, US addressed loans - <$1MM 269 $30,843 $114,658
    Commercial & Industrial, US addressed loans - <$100k 133 $3,827 $28,774
    Commercial & Industrial, US addressed loans - $100-250k 51 $5,581 $109,431
    Commercial & Industrial, US addressed loans - $250k-1MM 85 $21,435 $252,176
    Farmland loans - <$1MM 17 $2,646 $155,647
    Farmland loans - <$100k 6 $381 $63,500
    Farmland loans - $100-250k 7 $1,135 $162,143
    Farmland loans - $250k-1MM 4 $1,130 $282,500
    Agriculture operations loans - <$1MM 1 $438 $438,000
    Agriculture operations loans - $250k-1MM 1 $438 $438,000