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 loans. Middletown Valley Bank has a high proportion of conventional loans. Their top markets by origination volume include: Hagerstown, Chambersburg, Washington, Baltimore, and Charleston among others. We have data for 18 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.

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Originations

140

Origination Dollar Volume (All Markets)

$62,080,000

Employee count

140

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 51 $28,985,000 $568,333 $0 0.00%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 34 $12,900,000 $379,412 $0 0.00%
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 25 $8,735,000 $349,400 $0 0.00%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 10 $5,130,000 $513,000 $0 0.00%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 3 $1,615,000 $538,333 $0 0.00%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $845,000 $845,000 $0 0.00%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $840,000 $420,000 $0 0.00%
Huntingdon, PA (FHA|USDA|VA) 2 $670,000 $335,000 $0 0.00%
Georgetown, SC (FHA|USDA|VA) 1 $475,000 $475,000 $0 0.00%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 2 $390,000 $195,000 $0 0.00%
Laconia, NH (FHA|USDA|VA) 1 $265,000 $265,000 $0 0.00%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 2 $260,000 $130,000 $0 0.00%
Kill Devil Hills, NC (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
BANGOR, ME (FHA|USDA|VA) 1 $235,000 $235,000 $0 0.00%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $125,000 $125,000 $0 0.00%
MORGANTOWN, WV (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
Middletown Valley Bank's top markets include Hagerstown, Chambersburg, Washington, Baltimore, and Charleston among others.

Their top states include:
  • Maryland (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 140 $62,080,000 $443,429 $0 0.00%

    For 2021, Middletown Valley Bank's most frequently originated type of loan was Conventional, with 140 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 93 $42,435,000 $456,290 $0 0.00%
    Refi 28 $11,150,000 $398,214 $0 0.00%
    Cash Out Refi 17 $7,845,000 $461,471 $0 0.00%
    Home Improvement 2 $650,000 $325,000 $0 0.00%

    For 2021, Middletown Valley Bank's most frequently cited loan purpose was Home Purchase, with 93 originations. The 2nd most popular reason was Refi, with 28 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 140 $62,080,000 $443,429 $0 0.00%

    For 2021, Middletown Valley Bank's most frequently cited loan duration was Other, with 140 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 36 $10,340,000 $287,222 $0 0.00%
    $100k-200k 30 $4,340,000 $144,667 $0 0.00%
    $600k-1MM 29 $22,405,000 $772,586 $0 0.00%
    $400k-600k 24 $12,120,000 $505,000 $0 0.00%
    $100,000 or less 11 $925,000 $84,091 $0 0.00%
    $1MM+ 10 $11,950,000 $1,195,000 $0 0.00%

    2021 saw Middletown Valley Bank place emphasis on $200k-400k loans with 36 originations, totaling $10,340,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 49 $32,055,000 $654,184 $0 0.00%
    $150k-250k 25 $11,235,000 $449,400 $0 0.00%
    $100k-150k 18 $5,670,000 $315,000 $0 0.00%
    $50k or less 7 $1,165,000 $166,429 $0 0.00%
    $75k-100k 7 $2,225,000 $317,857 $0 0.00%
    $50k-75k 6 $970,000 $161,667 $0 0.00%

    Middletown Valley Bank lent most frequently to those with incomes in the $250k+ range, with 49 originations. The second most popular income band? $150k-250k, with 25 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 140 $62,080,000 $443,429 $0 0.00%

    Middletown Valley Bank lent most frequently to those with DTI ratios of Exempt%, with 140 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 92 $41,680,000 $453,043 $0 0.00%
    Not provided 18 $10,500,000 $583,333 $0 0.00%
    Not applicable 27 $8,055,000 $298,333 $0 0.00%
    Black 2 $1,000,000 $500,000 $0 0.00%
    Asian Indian 1 $845,000 $845,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    95.73%

    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
    87.86%

    Middletown Valley Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 140 $62,080,000 $443,429

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    140 $62,080,000 $443,429

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Middletown Valley Bank 1101 Professional Court Hagerstown, MD 21740 Full Service B&M $283,673
    Middletown Valley Bank 11337 Buchanan Trail East Waynesboro, PA 17268 Full Service B&M $2,505
    Middletown Valley Bank 13418 Marsh Pike Hagerstown, MD 21742 Full Service B&M $38,910
    Middletown Valley Bank 24 West Main Street Middletown, MD 21769 Full Service B&M $36,885
    Middletown Valley Bank 3001 Ventrie Court Myersville, MD 21773 Full Service B&M $53,096
    Middletown Valley Bank 3848 Jefferson Pike Jefferson, MD 21755 Full Service B&M $74,413
    Middletown Valley Bank 6721 Old National Pike Boonsboro, MD 21713 Full Service B&M $42,780
    Middletown Valley Bank 803 East Main Street Middletown, MD 21769 Full Service B&M $121,248

    For 2021, Middletown Valley Bank had 8 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $26,984
    Net interest income $25,148
    Total noninterest income $2,053
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $658
    Trading account gains and fees $0
    Additional Noninterest Income $1,395
    Pre-tax net operating income $7,899
    Securities gains (or losses, -) $178
    Income before extraordinary items $5,989
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,989
    Minority interest net income $0
    Net income $5,989
    Sale, conversion, retirement of capital stock, net $7
    Net operating income $5,848

    Middletown Valley Bank's gross interest income from loans was $26,984,000.
    Middletown Valley Bank's net interest income from loans was $25,148,000.
    Middletown Valley Bank's fee based income from loans was $658,000.
    Middletown Valley Bank's net income from loans was $5,989,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,836
    Provision for credit losses $3,079
    Total noninterest expense $16,223
    Salaries and employee benefits $9,300
    Premises and equipment expense $2,415
    Additional noninterest expense $4,508
    Applicable income taxes $2,088
    Net charge-offs $4,059
    Cash dividends $500

    Middletown Valley Bank's interest expense for loans was $1,836,000.
    Middletown Valley Bank's payroll and benefits expense were $9,300,000.
    Middletown Valley Bank's property, plant and equipment expenses $2,415,000.

    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 2.0%
    Credit card loans 0.0%
    Other individual loans 2.0%
    Auto loans 0.0%
    Other consumer loans 3.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $741,906
    Deposits held in domestic offices $741,906
    Deposits by Individuals, partnerships, and corporations $737,867
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $4,038
    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 $370,761
    Demand deposits $347,593
    Nontransaction accounts $371,144
    Money market deposit accounts (MMDAs) $201,170
    Other savings deposits (excluding MMDAs) $85,959
    Total time deposits $84,015
    Total time and savings deposits $394,312
    Noninterest-bearing deposits $275,392
    Interest-bearing deposits $466,514
    Retail deposits $710,120
    IRAs and Keogh plan accounts $19,768
    Brokered deposits $70,132
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $812,706
    Cash & Balances due from depository institutions $41,168
    Interest-bearing balances $29,734
    Total securities $144,019
    Federal funds sold & reverse repurchase $0
    Net loans and leases $607,109
    Loan and leases loss allowance $6,500
    Trading account assets $5
    Bank premises and fixed assets $8,347
    Other real estate owned $0
    Goodwill and other intangibles $0
    All other assets $12,058

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $812,706
    Total Liabilities $745,630
    Total deposits $741,906
    Interest-bearing deposits $466,514
    Deposits held in domestic offices $741,906
    % insured (estimated) $76
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $6
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $3,718

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $607,109
    Loan and leases loss allowance $6,500
    Total loans and leases (domestic) $613,609
    All real estate loans $438,777
    Real estate loans in domestic offices $438,777
    Construction and development loans $53,499
    Residential 1-4 family construction $12,855
    Other construction, all land development and other land $40,644
    Loans secured by nonfarm nonresidential properties $188,177
    Nonfarm nonresidential secured by owner-occupied properties $108,272
    Commercial real estate & other non-farm, non-residential $79,905
    Multifamily residential real estate $11,888
    1-4 family residential loans $163,883
    Farmland loans $21,330
    Loans held in foreign offices $0
    Farm loans $261
    Commercial and industrial loans $172,430
    To non-U.S. addressees $0
    Loans to individuals $809
    Credit card loans $0
    Related Plans $393
    Consumer Auto Loans $164
    Other loans to individuals $252
    All other loans & leases $1,331
    Loans to foreign governments and official institutions $0
    Other loans $1,331
    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 $956
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Middletown Valley Bank had $607,109,000 of loans outstanding in 2021. $438,777,000 of loans were in real estate loans. $53,499,000 of loans were in development loans. $11,888,000 of loans were in multifamily mortgage loans. $163,883,000 of loans were in 1-4 family mortgage loans. $261,000 of loans were in farm loans. $0 of loans were in credit card loans. $164,000 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 118 $39,475 $334,534
    Nonfarm, nonresidential loans - <$100k 7 $428 $61,143
    Nonfarm, nonresidential loans - $100-250k 31 $4,519 $145,774
    Nonfarm, nonresidential loans - $250k-1MM 80 $34,528 $431,600
    Commercial & Industrial, US addressed loans - <$1MM 432 $60,506 $140,060
    Commercial & Industrial, US addressed loans - <$100k 181 $8,034 $44,387
    Commercial & Industrial, US addressed loans - $100-250k 101 $10,132 $100,317
    Commercial & Industrial, US addressed loans - $250k-1MM 150 $42,340 $282,267
    Farmland loans - <$1MM 24 $5,093 $212,208
    Farmland loans - <$100k 4 $227 $56,750
    Farmland loans - $100-250k 8 $1,253 $156,625
    Farmland loans - $250k-1MM 12 $3,613 $301,083
    Agriculture operations loans - <$1MM 1 $260 $260,000
    Agriculture operations loans - $250k-1MM 1 $260 $260,000