The Honesdale National Bank Mortgage Rates, Fees & Info

Honesdale, PA

LEI: 549300458LCI17J5BY03

Tax ID: 24-0614415

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

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

    The Honesdale National Bank is a smaller bank specializing in Home Purchase and Refi loans. The Honesdale National Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Scranton, New York, East Stroudsburg, Poughkeepsie, and Bloomsburg among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

    The Honesdale National 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. The Honesdale National Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    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.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 2.83% 4/14/24
    30 Year Conventional Purchase 6.65% 4/14/24
    30 Year Conventional Refi 6.62% 4/14/24
    15 Year Conventional Purchase 6.27% 4/14/24
    15 Year Conventional Refi 5.93% 4/14/24
    15 Year Cash-out Refi 5.93% 4/14/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    The Honesdale National Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from The Honesdale National Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    493

    Origination Dollar Volume (All Markets)

    $59,505,000

    Employee count

    148

    Awards

    The Honesdale National Bank 30 Year Conventional Loans silver The Honesdale National Bank FHA Loans silver The Honesdale National Bank 30 Year Conventional Loans silver The Honesdale National Bank FHA Loans silver
    Show all (4) awards

    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 232 $30,210,000 $130,216 $3,259 4.77%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 202 $21,950,000 $108,663 $2,892 4.89%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 45 $5,855,000 $130,111 $3,328 4.74%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 5 $555,000 $111,000 $3,419 5.12%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 3 $425,000 $141,667 $5,269 3.83%
    BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 2 $260,000 $130,000 $3,658 4.33%
    Pottsville, PA (FHA|USDA|VA) 2 $110,000 $55,000 $2,511 4.94%
    PITTSBURGH, PA (FHA|USDA|VA) 1 $95,000 $95,000 $0 4.85%
    Corning, NY (FHA|USDA|VA) 1 $45,000 $45,000 $0 5.75%
    The Honesdale National Bank's top markets include Scranton, New York, East Stroudsburg, Poughkeepsie, and Bloomsburg among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against The Honesdale National Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    N C P D Federal Credit Union
    Similarity Rank: 55
    Bogota Savings Bank
    Similarity Rank: 63
    Union County Savings Bank
    Similarity Rank: 66
    GARDEN SAVINGS FEDERAL CREDIT UNION
    Similarity Rank: 80
    Freehold Savings Bank
    Similarity Rank: 120
    The Atlantic Federal Credit Union
    Similarity Rank: 120
    Blue Foundry Bank
    Similarity Rank: 125
    ESSA Bank & Trust
    Similarity Rank: 150
    Investors Home Mortgage-IHM
    Similarity Rank: 156
    PENNSYLVANIA STATE EMPLOYEES Credit Union
    Similarity Rank: 190

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 476 $57,510,000 $120,819 $3,077 4.83%
    FHA 11 $1,185,000 $107,727 $4,816 4.35%
    USDA 4 $530,000 $132,500 $4,464 4.41%
    VA 2 $280,000 $140,000 $4,266 4.75%

    For 2018, The Honesdale National Bank's most frequently originated type of loan was Conventional, with 476 originations. Their 2nd most popular type was FHA, with 11 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 285 $38,685,000 $135,737 $4,047 4.80%
    Refi 116 $15,940,000 $137,414 $2,480 4.83%
    Other 52 $2,920,000 $56,154 $782 4.62%
    Home Improvement 40 $1,960,000 $49,000 $827 5.11%

    For 2018, The Honesdale National Bank's most frequently cited loan purpose was Home Purchase, with 285 originations. The 2nd most popular reason was Refi, with 116 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 208 $31,250,000 $150,240 $4,247 4.63%
    15 Year 106 $9,700,000 $91,509 $1,601 4.97%
    20 Year 67 $8,305,000 $123,955 $2,405 5.54%
    10 Year 56 $2,930,000 $52,321 $582 4.79%
    5 Year 27 $1,435,000 $53,148 $528 3.70%
    30+ year 21 $4,965,000 $236,429 $6,904 4.46%
    Other 8 $920,000 $115,000 $0 6.19%

    For 2018, The Honesdale National Bank's most frequently cited loan duration was 30 Year, with 208 originations. The 2nd most popular length was 15 Year, with 106 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 240 $21,160,000 $88,167
    $1k-2k 89 $10,715,000 $120,393
    $2k-3k 39 $6,035,000 $154,744
    $3k-4k 18 $4,170,000 $231,667
    $5k+ 11 $5,435,000 $494,091
    $4k-5k 10 $2,900,000 $290,000

    The Honesdale National Bank's average total fees were $4,247, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 240 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 309 $42,285,000 $136,845
    5-6% 106 $11,720,000 $110,566
    3-4% 37 $3,115,000 $84,189
    6-7% 32 $2,100,000 $65,625
    Over 8% 6 $220,000 $36,667
    7-8% 3 $65,000 $21,667

    During 2018, The Honesdale National Bank's average interest rate for loans was 4.63%, while their most frequently originated rate bucket for loans was 4-5%, with 309 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 273 $15,275,000 $55,952 $1,871 4.91%
    $100k-200k 145 $20,725,000 $142,931 $3,553 4.66%
    $200k-400k 62 $15,900,000 $256,452 $5,757 4.74%
    $400k-600k 10 $4,570,000 $457,000 $10,052 4.83%
    $600k-1MM 2 $1,290,000 $645,000 $13,153 4.62%
    $1MM+ 1 $1,745,000 $1,745,000 $18,441 4.75%

    2018 saw The Honesdale National Bank place emphasis on $100,000 or less loans with 273 originations, totaling $15,275,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 136 $14,020,000 $103,088 $3,126 4.77%
    $50k or less 100 $6,950,000 $69,500 $2,369 4.83%
    $100k-150k 83 $10,825,000 $130,422 $3,356 4.70%
    $75k-100k 70 $7,470,000 $106,714 $2,607 4.79%
    $150k-250k 49 $8,745,000 $178,469 $4,434 4.70%
    $250k+ 22 $6,150,000 $279,545 $5,302 4.80%

    The Honesdale National Bank lent most frequently to those with incomes in the $50k-75k range, with 136 originations. The second most popular income band? $50k or less, with 100 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 102 $10,980,000 $107,647 $2,962 4.61%
    30-36% 88 $9,520,000 $108,182 $2,951 4.57%
    <20% 44 $4,690,000 $106,591 $2,614 4.58%
    41% 28 $3,100,000 $110,714 $3,000 5.24%
    40% 21 $3,725,000 $177,381 $5,157 4.67%
    38% 19 $2,165,000 $113,947 $2,808 4.88%
    42% 18 $2,050,000 $113,889 $3,168 4.78%
    39% 17 $1,825,000 $107,353 $3,257 5.04%
    36% 17 $1,665,000 $97,941 $2,535 4.64%
    37% 17 $2,125,000 $125,000 $3,698 4.56%
    44% 10 $1,750,000 $175,000 $4,372 4.68%
    45% 9 $805,000 $89,444 $2,844 4.65%
    50-60% 8 $1,000,000 $125,000 $2,446 4.54%
    46% 7 $2,655,000 $379,286 $5,916 4.73%
    43% 7 $835,000 $119,286 $3,719 4.78%
    48% 5 $925,000 $185,000 $3,039 4.81%
    47% 4 $520,000 $130,000 $3,050 4.81%
    >60% 4 $670,000 $167,500 $4,998 4.64%
    49% 3 $425,000 $141,667 $2,911 4.24%

    The Honesdale National Bank lent most frequently to those with DTI ratios of 20-30%, with 102 originations. The next most common DTI ratio? 30-36%, with 88 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 447 $52,655,000 $117,796 $3,112 4.78%
    Not applicable 23 $4,305,000 $187,174 $0 5.50%
    Not provided 17 $1,715,000 $100,882 $3,330 4.72%
    Asian 2 $450,000 $225,000 $5,541 4.15%
    Black 3 $355,000 $118,333 $5,402 4.89%
    Native Hawaiian or Islander 1 $25,000 $25,000 $0 6.25%

    Approval Rates

    Total approvals of all applications
    91.92%

    The Honesdale National Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.99%

    The Honesdale National Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 493 $59,505,000 $120,700

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 7 $1,745,000 $249,286
    Single Family (1-4 Units):Manufactured 24 $1,330,000 $55,417
    Single Family (1-4 Units):Site-Built 462 $56,430,000 $122,143

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 53 $4,025,000 $75,943 $1,157 4.88%
    40-60% 73 $7,925,000 $108,562 $2,200 5.04%
    60-80% 149 $22,165,000 $148,758 $4,160 4.84%
    80-100% 160 $23,520,000 $147,000 $4,022 4.69%
    Under 20% 58 $1,870,000 $32,241 $343 4.71%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Townstone Financial Inc Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The Honesdale National Bank 1207 Texas Palmyra Hwy Honesdale, PA 18431 Full Service B&M $46,459
    The Honesdale National Bank 13 Chapman Lake Road Scott Township, PA 18447 Full Service B&M $53,792
    The Honesdale National Bank 18 Como Road Lakewood, PA 18439 Full Service B&M $7,499
    The Honesdale National Bank 180 Scenic Drive Lackawaxen Township, PA 18435 Full Service B&M $15,141
    The Honesdale National Bank 202 Betty Street Eynon, PA 18403 Full Service B&M $6,098
    The Honesdale National Bank 2547 Route 6 Hawley, PA 18428 Full Service B&M $28,514
    The Honesdale National Bank 38 North Franklin Street Wilkes-Barre, PA 18701 Full Service B&M $4,352
    The Honesdale National Bank 559 Hamlin Highway Hamlin, PA 18427 Full Service B&M $72,626
    The Honesdale National Bank 619 Main Street Forest City, PA 18421 Full Service B&M $69,003
    The Honesdale National Bank 651 Northern Boulevard Clarks Summit, PA 18411 Full Service B&M $5,024
    The Honesdale National Bank 733 Main Street Honesdale, PA 18431 Full Service B&M $196,999
    The Honesdale National Bank 786 Wyoming Ave Kingston, PA 18704 Full Service B&M $29,760

    For 2018, The Honesdale National Bank had 12 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $26,932
    Net interest income $24,595
    Total noninterest income $4,741
    Gross Fiduciary activities income $488
    Service charges on deposit accounts $878
    Trading account gains and fees $0
    Additional Noninterest Income $3,375
    Pre-tax net operating income $10,247
    Securities gains (or losses, -) $0
    Income before extraordinary items $8,761
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $8,761
    Minority interest net income $0
    Net income $8,761
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $8,761

    The Honesdale National Bank's gross interest income from loans was $26,932,000.
    The Honesdale National Bank's net interest income from loans was $24,595,000.
    The Honesdale National Bank's fee based income from loans was $878,000.
    The Honesdale National Bank's net income from loans was $8,761,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,337
    Provision for credit losses $1,000
    Total noninterest expense $18,089
    Salaries and employee benefits $10,226
    Premises and equipment expense $1,751
    Additional noninterest expense $6,112
    Applicable income taxes $1,486
    Net charge-offs $302
    Cash dividends $3,618

    The Honesdale National Bank's interest expense for loans was $2,337,000.
    The Honesdale National Bank's payroll and benefits expense were $10,226,000.
    The Honesdale National Bank's property, plant and equipment expenses $1,751,000.

    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 1.0%
    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 $537,984
    Deposits held in domestic offices $537,984
    Deposits by Individuals, partnerships, and corporations $484,273
    Deposits by U.S. Government $17
    Deposits by States and political subdivisions in the U.S. $53,694
    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 $46,553
    Demand deposits $29,968
    Nontransaction accounts $491,431
    Money market deposit accounts (MMDAs) $66,090
    Other savings deposits (excluding MMDAs) $263,949
    Total time deposits $161,392
    Total time and savings deposits $508,016
    Noninterest-bearing deposits $150,403
    Interest-bearing deposits $387,581
    Retail deposits $510,805
    IRAs and Keogh plan accounts $31,104
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $659,788
    Cash & Balances due from depository institutions $15,078
    Interest-bearing balances $4,574
    Total securities $96,920
    Federal funds sold & reverse repurchase $8,015
    Net loans and leases $500,019
    Loan and leases loss allowance $9,422
    Trading account assets $0
    Bank premises and fixed assets $7,627
    Other real estate owned $344
    Goodwill and other intangibles $1,072
    All other assets $30,713

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $659,788
    Total Liabilities $561,131
    Total deposits $537,984
    Interest-bearing deposits $387,581
    Deposits held in domestic offices $537,984
    % insured (estimated) $80
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $15,333
    Subordinated debt $0
    All other liabilities $7,814

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $500,019
    Loan and leases loss allowance $9,422
    Total loans and leases (domestic) $509,441
    All real estate loans $397,153
    Real estate loans in domestic offices $397,153
    Construction and development loans $10,908
    Residential 1-4 family construction $7,214
    Other construction, all land development and other land $3,694
    Loans secured by nonfarm nonresidential properties $156,900
    Nonfarm nonresidential secured by owner-occupied properties $92,624
    Commercial real estate & other non-farm, non-residential $64,276
    Multifamily residential real estate $9,920
    1-4 family residential loans $214,759
    Farmland loans $4,666
    Loans held in foreign offices $0
    Farm loans $939
    Commercial and industrial loans $72,685
    To non-U.S. addressees $0
    Loans to individuals $27,880
    Credit card loans $530
    Related Plans $780
    Consumer Auto Loans $13,692
    Other loans to individuals $12,878
    All other loans & leases $11,311
    Loans to foreign governments and official institutions $0
    Other loans $3,288
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $891
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $610
    Non 1-4 family restructured loans & leases $610
    Total loans and leases (foreign) $0

    The Honesdale National Bank had $500,019,000 of loans outstanding in 2018. $397,153,000 of loans were in real estate loans. $10,908,000 of loans were in development loans. $9,920,000 of loans were in multifamily mortgage loans. $214,759,000 of loans were in 1-4 family mortgage loans. $939,000 of loans were in farm loans. $530,000 of loans were in credit card loans. $13,692,000 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 529 $79,816 $150,881
    Nonfarm, nonresidential loans - <$100k 192 $6,997 $36,443
    Nonfarm, nonresidential loans - $100-250k 193 $22,347 $115,788
    Nonfarm, nonresidential loans - $250k-1MM 144 $50,472 $350,500
    Commercial & Industrial, US addressed loans - <$1MM 666 $36,270 $54,459
    Commercial & Industrial, US addressed loans - <$100k 490 $9,843 $20,088
    Commercial & Industrial, US addressed loans - $100-250k 112 $11,555 $103,170
    Commercial & Industrial, US addressed loans - $250k-1MM 64 $14,872 $232,375
    Farmland loans - <$1MM 32 $3,091 $96,594
    Farmland loans - <$100k 20 $858 $42,900
    Farmland loans - $100-250k 7 $970 $138,571
    Farmland loans - $250k-1MM 5 $1,263 $252,600
    Agriculture operations loans - <$1MM 23 $450 $19,565
    Agriculture operations loans - <$100k 23 $450 $19,565