Middletown Valley Bank Mortgage Rates, Fees & Info

Middletown, MD

LEI: 5493002YYAGPQ7L1YS68

Tax ID: 52-0414240

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Mortgage Data

Bank Data

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: Washington, Hagerstown, Chambersburg, Kill Devil Hills, and Baltimore among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

Middletown Valley Bank has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.

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Originations

80

Origination Dollar Volume (All Markets)

$21,320,000

Employee count

123

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
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 27 $9,845,000 $364,630 $0 0.00%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 38 $8,880,000 $233,684 $0 0.00%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 9 $1,345,000 $149,444 $0 0.00%
Kill Devil Hills, NC (FHA|USDA|VA) 1 $295,000 $295,000 $0 0.00%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1 $255,000 $255,000 $0 0.00%
Ogdensburg-Massena, NY (FHA|USDA|VA) 1 $235,000 $235,000 $0 0.00%
DOVER, DE (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
Outside of Metro Areas 1 $205,000 $205,000 $0 0.00%
SALISBURY, MD-DE (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
Middletown Valley Bank's top markets include Washington, Hagerstown, Chambersburg, Kill Devil Hills, and Baltimore among others.

Their top states include:
  • Maryland (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • West Virginia (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • New York (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 80 $21,320,000 $266,500 $0 0.00%

    For 2019, Middletown Valley Bank's most frequently originated type of loan was Conventional, with 80 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 55 $14,375,000 $261,364 $0 0.00%
    Refi 24 $6,650,000 $277,083 $0 0.00%
    Home Improvement 1 $295,000 $295,000 $0 0.00%

    For 2019, Middletown Valley Bank's most frequently cited loan purpose was Home Purchase, with 55 originations. The 2nd most popular reason was Refi, with 24 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 80 $21,320,000 $266,500 $0 0.00%

    For 2019, Middletown Valley Bank's most frequently cited loan duration was Other, with 80 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 26 $7,060,000 $271,538 $0 0.00%
    $100k-200k 23 $3,175,000 $138,043 $0 0.00%
    $100,000 or less 14 $890,000 $63,571 $0 0.00%
    $400k-600k 12 $6,100,000 $508,333 $0 0.00%
    $600k-1MM 5 $4,095,000 $819,000 $0 0.00%

    2019 saw Middletown Valley Bank place emphasis on $200k-400k loans with 26 originations, totaling $7,060,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 17 $6,245,000 $367,353 $0 0.00%
    $150k-250k 13 $4,815,000 $370,385 $0 0.00%
    $100k-150k 12 $3,310,000 $275,833 $0 0.00%
    $75k-100k 10 $2,000,000 $200,000 $0 0.00%
    $50k-75k 7 $1,125,000 $160,714 $0 0.00%

    Middletown Valley Bank lent most frequently to those with incomes in the $250k+ range, with 17 originations. The second most popular income band? $150k-250k, with 13 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 80 $21,320,000 $266,500 $0 0.00%

    Middletown Valley Bank lent most frequently to those with DTI ratios of Exempt%, with 80 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 39 $12,335,000 $316,282 $0 0.00%
    Not provided 20 $5,160,000 $258,000 $0 0.00%
    Not applicable 21 $3,825,000 $182,143 $0 0.00%

    Approval Rates

    Total approvals of all applications
    87.88%

    Middletown Valley Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    92.50%

    Middletown Valley Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 80 $21,320,000 $266,500

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $1,500,000 $375,000
    Single Family (1-4 Units):Manufactured 1 $55,000 $55,000
    Single Family (1-4 Units):Site-Built 75 $19,765,000 $263,533

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Middletown Valley Bank 1101 Professional Court Hagerstown, MD 21740 Full Service B&M $169,277
    Middletown Valley Bank 13418 Marsh Pike Hagerstown, MD 21742 Full Service B&M $3,944
    Middletown Valley Bank 24 West Main Street Middletown, MD 21769 Full Service B&M $36,051
    Middletown Valley Bank 3001 Ventrie Court Myersville, MD 21773 Full Service B&M $36,319
    Middletown Valley Bank 3848 Jefferson Pike Jefferson, MD 21755 Full Service B&M $54,132
    Middletown Valley Bank 6721 Old National Pike Boonsboro, MD 21713 Full Service B&M $30,269
    Middletown Valley Bank 803 East Main Street Middletown, MD 21769 Full Service B&M $93,953

    For 2019, Middletown Valley Bank had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $21,059
    Net interest income $16,815
    Total noninterest income $1,435
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $537
    Trading account gains and fees $0
    Additional Noninterest Income $898
    Pre-tax net operating income $3,693
    Securities gains (or losses, -) $-1
    Income before extraordinary items $2,720
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $2,720
    Minority interest net income $0
    Net income $2,720
    Sale, conversion, retirement of capital stock, net $116
    Net operating income $2,720

    Middletown Valley Bank's gross interest income from loans was $21,059,000.
    Middletown Valley Bank's net interest income from loans was $16,815,000.
    Middletown Valley Bank's fee based income from loans was $537,000.
    Middletown Valley Bank's net income from loans was $2,720,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,244
    Provision for credit losses $763
    Total noninterest expense $13,794
    Salaries and employee benefits $7,972
    Premises and equipment expense $2,184
    Additional noninterest expense $3,638
    Applicable income taxes $972
    Net charge-offs $121
    Cash dividends $2,810

    Middletown Valley Bank's interest expense for loans was $4,244,000.
    Middletown Valley Bank's payroll and benefits expense were $7,972,000.
    Middletown Valley Bank's property, plant and equipment expenses $2,184,000.

    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 $448,798
    Deposits held in domestic offices $448,798
    Deposits by Individuals, partnerships, and corporations $445,809
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $2,989
    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 $181,565
    Demand deposits $167,249
    Nontransaction accounts $267,233
    Money market deposit accounts (MMDAs) $117,746
    Other savings deposits (excluding MMDAs) $55,799
    Total time deposits $93,687
    Total time and savings deposits $281,549
    Noninterest-bearing deposits $128,215
    Interest-bearing deposits $320,583
    Retail deposits $413,626
    IRAs and Keogh plan accounts $17,461
    Brokered deposits $42,512
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $513,360
    Cash & Balances due from depository institutions $25,054
    Interest-bearing balances $20,145
    Total securities $42,641
    Federal funds sold & reverse repurchase $0
    Net loans and leases $427,958
    Loan and leases loss allowance $4,235
    Trading account assets $0
    Bank premises and fixed assets $8,982
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $8,725

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $513,360
    Total Liabilities $453,731
    Total deposits $448,798
    Interest-bearing deposits $320,583
    Deposits held in domestic offices $448,798
    % insured (estimated) $83
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $2,400
    Subordinated debt $0
    All other liabilities $2,533

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $427,958
    Loan and leases loss allowance $4,235
    Total loans and leases (domestic) $432,193
    All real estate loans $328,391
    Real estate loans in domestic offices $328,391
    Construction and development loans $32,941
    Residential 1-4 family construction $3,015
    Other construction, all land development and other land $29,926
    Loans secured by nonfarm nonresidential properties $150,009
    Nonfarm nonresidential secured by owner-occupied properties $50,866
    Commercial real estate & other non-farm, non-residential $99,143
    Multifamily residential real estate $9,829
    1-4 family residential loans $125,234
    Farmland loans $10,378
    Loans held in foreign offices $0
    Farm loans $435
    Commercial and industrial loans $99,936
    To non-U.S. addressees $0
    Loans to individuals $1,966
    Credit card loans $0
    Related Plans $1,347
    Consumer Auto Loans $189
    Other loans to individuals $430
    All other loans & leases $1,465
    Loans to foreign governments and official institutions $0
    Other loans $1,465
    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 $701
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Middletown Valley Bank had $427,958,000 of loans outstanding in 2019. $328,391,000 of loans were in real estate loans. $32,941,000 of loans were in development loans. $9,829,000 of loans were in multifamily mortgage loans. $125,234,000 of loans were in 1-4 family mortgage loans. $435,000 of loans were in farm loans. $0 of loans were in credit card loans. $189,000 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 104 $37,530 $360,865
    Nonfarm, nonresidential loans - <$100k 8 $435 $54,375
    Nonfarm, nonresidential loans - $100-250k 19 $2,628 $138,316
    Nonfarm, nonresidential loans - $250k-1MM 77 $34,467 $447,623
    Commercial & Industrial, US addressed loans - <$1MM 332 $42,737 $128,726
    Commercial & Industrial, US addressed loans - <$100k 169 $4,860 $28,757
    Commercial & Industrial, US addressed loans - $100-250k 65 $7,237 $111,338
    Commercial & Industrial, US addressed loans - $250k-1MM 98 $30,640 $312,653
    Farmland loans - <$1MM 19 $2,737 $144,053
    Farmland loans - <$100k 5 $257 $51,400
    Farmland loans - $100-250k 9 $1,171 $130,111
    Farmland loans - $250k-1MM 5 $1,309 $261,800
    Agriculture operations loans - <$1MM 1 $435 $435,000
    Agriculture operations loans - $250k-1MM 1 $435 $435,000