Hometown Bank Of Pennsylvania Mortgage Rates, Fees & Info

Bedford, PA

LEI: 5493003ZHM6LK8T0QW13

Tax ID: 20-5997003

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    Hometown Bank Of Pennsylvania is a smaller bank specializing in Home Purchase, Cash Out Refi, and Refi loans. Hometown Bank Of Pennsylvania has a high proportion of conventional loans. Their top markets by origination volume include: Altoona, Huntingdon, Johnstown, Dubois, and Cumberland among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Hometown Bank Of Pennsylvania 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.

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    Originations

    182

    Origination Dollar Volume (All Markets)

    $23,750,000

    Employee count

    58

    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 154 $19,720,000 $128,052 $0 0.00%
    ALTOONA, PA (FHA|USDA|VA) 20 $2,800,000 $140,000 $0 0.00%
    Huntingdon, PA (FHA|USDA|VA) 4 $920,000 $230,000 $0 0.00%
    JOHNSTOWN, PA (FHA|USDA|VA) 2 $200,000 $100,000 $0 0.00%
    DuBois, PA (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
    CUMBERLAND, MD-WV (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
    Hometown Bank Of Pennsylvania's top markets include Altoona, Huntingdon, Johnstown, Dubois, and Cumberland among others.

    Their top states include:
  • Pennsylvania (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 182 $23,750,000 $130,495 $0 0.00%

    For 2020, Hometown Bank Of Pennsylvania's most frequently originated type of loan was Conventional, with 182 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 61 $8,955,000 $146,803 $0 0.00%
    Cash Out Refi 46 $7,750,000 $168,478 $0 0.00%
    Home Improvement 29 $1,115,000 $38,448 $0 0.00%
    Refi 29 $5,455,000 $188,103 $0 0.00%
    Other 17 $475,000 $27,941 $0 0.00%

    For 2020, Hometown Bank Of Pennsylvania's most frequently cited loan purpose was Home Purchase, with 61 originations. The 2nd most popular reason was Cash Out Refi, with 46 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 182 $23,750,000 $130,495 $0 0.00%

    For 2020, Hometown Bank Of Pennsylvania's most frequently cited loan duration was Other, with 182 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 94 $3,960,000 $42,128 $0 0.00%
    $100k-200k 52 $7,470,000 $143,654 $0 0.00%
    $200k-400k 29 $7,915,000 $272,931 $0 0.00%
    $400k-600k 4 $1,690,000 $422,500 $0 0.00%
    $600k-1MM 2 $1,370,000 $685,000 $0 0.00%
    $1MM+ 1 $1,345,000 $1,345,000 $0 0.00%

    2020 saw Hometown Bank Of Pennsylvania place emphasis on $100,000 or less loans with 94 originations, totaling $3,960,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 42 $5,110,000 $121,667 $0 0.00%
    $50k-75k 38 $3,060,000 $80,526 $0 0.00%
    $50k or less 36 $2,850,000 $79,167 $0 0.00%
    $100k-150k 25 $2,715,000 $108,600 $0 0.00%
    $150k-250k 15 $4,315,000 $287,667 $0 0.00%
    $250k+ 7 $2,465,000 $352,143 $0 0.00%

    Hometown Bank Of Pennsylvania lent most frequently to those with incomes in the $75k-100k range, with 42 originations. The second most popular income band? $50k-75k, with 38 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 182 $23,750,000 $130,495 $0 0.00%

    Hometown Bank Of Pennsylvania lent most frequently to those with DTI ratios of Exempt%, with 182 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 168 $21,230,000 $126,369 $0 0.00%
    Not applicable 12 $2,400,000 $200,000 $0 0.00%
    Black 1 $85,000 $85,000 $0 0.00%
    Native Hawaiian 1 $35,000 $35,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    88.71%

    Hometown Bank Of Pennsylvania has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.62%

    Hometown Bank Of Pennsylvania has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 182 $23,750,000 $130,495

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 9 $2,135,000 $237,222
    Single Family (1-4 Units):Manufactured 31 $2,185,000 $70,484
    Single Family (1-4 Units):Site-Built 142 $19,430,000 $136,831

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    HomeTown Lenders, LLC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
    HomeTown Lenders, LLC Other type of mortgage Closing on a mortgage 1 50.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Hometown Bank of Pennsylvania 149 Main Street Woodbury, PA 16695 Full Service B&M $2,932
    Hometown Bank of Pennsylvania 306 West Main Street Everett, PA 15537 Full Service B&M $91,586
    Hometown Bank of Pennsylvania 107 East Allegheny Street Martinsburg, PA 16662 Full Service B&M $14,164
    Hometown Bank of Pennsylvania 13174 Dunnings Hwy Claysburg, PA 16625 Full Service B&M $15,341
    Hometown Bank of Pennsylvania 638 East Pitt Street Bedford, PA 15522 Full Service B&M $105,506

    For 2020, Hometown Bank Of Pennsylvania had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $8,455
    Net interest income $6,319
    Total noninterest income $755
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $161
    Trading account gains and fees $0
    Additional Noninterest Income $594
    Pre-tax net operating income $1,229
    Securities gains (or losses, -) $2
    Income before extraordinary items $1,009
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,009
    Minority interest net income $0
    Net income $1,009
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $1,007

    Hometown Bank Of Pennsylvania's gross interest income from loans was $8,455,000.
    Hometown Bank Of Pennsylvania's net interest income from loans was $6,319,000.
    Hometown Bank Of Pennsylvania's fee based income from loans was $161,000.
    Hometown Bank Of Pennsylvania's net income from loans was $1,009,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,136
    Provision for credit losses $120
    Total noninterest expense $5,725
    Salaries and employee benefits $3,089
    Premises and equipment expense $498
    Additional noninterest expense $2,138
    Applicable income taxes $222
    Net charge-offs $-71
    Cash dividends $348

    Hometown Bank Of Pennsylvania's interest expense for loans was $2,136,000.
    Hometown Bank Of Pennsylvania's payroll and benefits expense were $3,089,000.
    Hometown Bank Of Pennsylvania's property, plant and equipment expenses $498,000.

    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 $240,586
    Deposits held in domestic offices $240,586
    Deposits by Individuals, partnerships, and corporations $236,389
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $4,197
    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 $85,806
    Demand deposits $53,016
    Nontransaction accounts $154,780
    Money market deposit accounts (MMDAs) $16,514
    Other savings deposits (excluding MMDAs) $31,794
    Total time deposits $106,473
    Total time and savings deposits $187,570
    Noninterest-bearing deposits $53,016
    Interest-bearing deposits $187,570
    Retail deposits $224,776
    IRAs and Keogh plan accounts $13,593
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $260,000
    Cash & Balances due from depository institutions $44,281
    Interest-bearing balances $31,475
    Total securities $22,661
    Federal funds sold & reverse repurchase $0
    Net loans and leases $187,583
    Loan and leases loss allowance $1,843
    Trading account assets $0
    Bank premises and fixed assets $3,815
    Other real estate owned $55
    Goodwill and other intangibles $0
    All other assets $1,605

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $260,000
    Total Liabilities $240,859
    Total deposits $240,586
    Interest-bearing deposits $187,570
    Deposits held in domestic offices $240,586
    % insured (estimated) $88
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $273

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $187,583
    Loan and leases loss allowance $1,843
    Total loans and leases (domestic) $189,426
    All real estate loans $148,114
    Real estate loans in domestic offices $148,114
    Construction and development loans $7,134
    Residential 1-4 family construction $1,553
    Other construction, all land development and other land $5,581
    Loans secured by nonfarm nonresidential properties $46,100
    Nonfarm nonresidential secured by owner-occupied properties $30,276
    Commercial real estate & other non-farm, non-residential $15,824
    Multifamily residential real estate $6,534
    1-4 family residential loans $72,792
    Farmland loans $15,554
    Loans held in foreign offices $0
    Farm loans $2,642
    Commercial and industrial loans $34,621
    To non-U.S. addressees $0
    Loans to individuals $1,703
    Credit card loans $0
    Related Plans $206
    Consumer Auto Loans $327
    Other loans to individuals $1,170
    All other loans & leases $2,346
    Loans to foreign governments and official institutions $0
    Other loans $104
    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 $2,988
    Non 1-4 family restructured loans & leases $2,623
    Total loans and leases (foreign) $0

    Hometown Bank of Pennsylvania had $187,583,000 of loans outstanding in 2020. $148,114,000 of loans were in real estate loans. $7,134,000 of loans were in development loans. $6,534,000 of loans were in multifamily mortgage loans. $72,792,000 of loans were in 1-4 family mortgage loans. $2,642,000 of loans were in farm loans. $0 of loans were in credit card loans. $327,000 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 140 $22,800 $162,857
    Nonfarm, nonresidential loans - <$100k 50 $1,729 $34,580
    Nonfarm, nonresidential loans - $100-250k 46 $5,940 $129,130
    Nonfarm, nonresidential loans - $250k-1MM 44 $15,131 $343,886
    Commercial & Industrial, US addressed loans - <$1MM 370 $24,540 $66,324
    Commercial & Industrial, US addressed loans - <$100k 276 $6,001 $21,743
    Commercial & Industrial, US addressed loans - $100-250k 48 $4,437 $92,438
    Commercial & Industrial, US addressed loans - $250k-1MM 46 $14,102 $306,565
    Farmland loans - <$1MM 64 $9,168 $143,250
    Farmland loans - <$100k 27 $969 $35,889
    Farmland loans - $100-250k 22 $3,280 $149,091
    Farmland loans - $250k-1MM 15 $4,919 $327,933
    Agriculture operations loans - <$1MM 44 $1,742 $39,591
    Agriculture operations loans - <$100k 38 $904 $23,789
    Agriculture operations loans - $100-250k 3 $100 $33,333
    Agriculture operations loans - $250k-1MM 3 $738 $246,000