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
  • 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, Pottsville, Binghamton, and East Stroudsburg among others. We have data for 8 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 2.83% 12/23/24
    30 Year Conventional Purchase 6.65% 12/23/24
    30 Year Conventional Refi 6.62% 12/23/24
    15 Year Conventional Purchase 6.27% 12/23/24
    15 Year Conventional Refi 5.93% 12/23/24
    15 Year Cash-out Refi 5.93% 12/23/24
    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

    486

    Origination Dollar Volume (All Markets)

    $63,120,000

    Employee count

    156

    Awards

    The Honesdale National Bank 30 Year Conventional Loans silver The Honesdale National Bank FHA Loans bronze
    Show all (2) 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 226 $29,700,000 $131,416 $3,179 4.67%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 193 $24,295,000 $125,881 $2,903 4.64%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 59 $8,375,000 $141,949 $3,191 4.48%
    Pottsville, PA (FHA|USDA|VA) 1 $225,000 $225,000 $5,507 3.00%
    BINGHAMTON, NY (FHA|USDA|VA) 2 $200,000 $100,000 $4,288 5.13%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 3 $195,000 $65,000 $1,474 4.68%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $65,000 $65,000 $0 6.00%
    BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 1 $65,000 $65,000 $3,860 4.13%
    The Honesdale National Bank's top markets include Scranton, New York, Pottsville, Binghamton, and East Stroudsburg 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: 56
    Schuyler Savings Bank
    Similarity Rank: 104
    PENNSYLVANIA STATE EMPLOYEES Credit Union
    Similarity Rank: 114
    ESSA Bank & Trust
    Similarity Rank: 120
    Union County Savings Bank
    Similarity Rank: 150
    GARDEN SAVINGS FEDERAL CREDIT UNION
    Similarity Rank: 192
    Blue Foundry Bank
    Similarity Rank: 212
    Bogota Savings Bank
    Similarity Rank: 246
    MOUNTAIN MORTGAGE CORP.
    Similarity Rank: 266
    First Columbia Bank & Trust Co.
    Similarity Rank: 288

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 471 $61,025,000 $129,565 $2,990 4.65%
    FHA 12 $1,680,000 $140,000 $5,444 4.26%
    USDA 2 $250,000 $125,000 $4,642 4.19%
    VA 1 $165,000 $165,000 $5,817 3.25%

    For 2019, The Honesdale National Bank's most frequently originated type of loan was Conventional, with 471 originations. Their 2nd most popular type was FHA, with 12 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 256 $36,010,000 $140,664 $4,061 4.59%
    Refi 158 $20,170,000 $127,658 $2,734 4.62%
    Home Improvement 40 $5,070,000 $126,750 $528 4.68%
    Other 32 $1,870,000 $58,438 $471 5.00%

    For 2019, The Honesdale National Bank's most frequently cited loan purpose was Home Purchase, with 256 originations. The 2nd most popular reason was Refi, with 158 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 187 $30,695,000 $164,144 $4,201 4.19%
    15 Year 110 $11,570,000 $105,182 $2,029 4.73%
    20 Year 102 $10,530,000 $103,235 $2,698 5.46%
    10 Year 41 $1,825,000 $44,512 $340 4.68%
    30+ year 19 $3,985,000 $209,737 $6,064 4.50%
    5 Year 19 $735,000 $38,684 $84 3.71%
    Other 7 $3,725,000 $532,143 $4,176 5.50%
    3 Year 1 $55,000 $55,000 $0 4.00%

    For 2019, The Honesdale National Bank's most frequently cited loan duration was 30 Year, with 187 originations. The 2nd most popular length was 15 Year, with 110 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 220 $21,270,000 $96,682
    $1k-2k 94 $13,300,000 $141,489
    $2k-3k 48 $8,630,000 $179,792
    $3k-4k 19 $4,395,000 $231,316
    $4k-5k 7 $2,105,000 $300,714
    $5k+ 5 $1,635,000 $327,000

    The Honesdale National Bank's average total fees were $4,201, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 220 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 177 $27,485,000 $155,282
    3-4% 155 $21,825,000 $140,806
    5-6% 117 $10,955,000 $93,632
    6-7% 27 $1,725,000 $63,889
    2.5-3% 5 $885,000 $177,000
    Over 8% 3 $155,000 $51,667
    7-8% 2 $90,000 $45,000

    During 2019, The Honesdale National Bank's average interest rate for loans was 4.19%, while their most frequently originated rate bucket for loans was 4-5%, with 177 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 233 $13,125,000 $56,330 $1,402 4.93%
    $100k-200k 166 $23,410,000 $141,024 $3,790 4.41%
    $200k-400k 80 $20,480,000 $256,000 $5,220 4.26%
    $400k-600k 5 $2,475,000 $495,000 $6,647 4.20%
    $1MM+ 1 $3,005,000 $3,005,000 $0 5.00%
    $600k-1MM 1 $625,000 $625,000 $14,095 4.25%

    2019 saw The Honesdale National Bank place emphasis on $100,000 or less loans with 233 originations, totaling $13,125,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 99 $8,425,000 $85,101 $2,434 4.57%
    $100k-150k 93 $12,425,000 $133,602 $2,968 4.62%
    $50k-75k 89 $10,195,000 $114,551 $2,996 4.39%
    $75k-100k 68 $8,320,000 $122,353 $2,881 4.61%
    $150k-250k 64 $11,900,000 $185,938 $4,241 4.48%
    $250k+ 15 $3,605,000 $240,333 $5,155 4.30%

    The Honesdale National Bank lent most frequently to those with incomes in the $50k or less range, with 99 originations. The second most popular income band? $100k-150k, with 93 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 100 $11,780,000 $117,800 $2,760 4.27%
    30-36% 84 $11,440,000 $136,190 $3,209 4.38%
    <20% 34 $2,810,000 $82,647 $2,326 4.44%
    41% 18 $2,160,000 $120,000 $3,111 4.69%
    42% 17 $2,135,000 $125,588 $2,632 4.69%
    36% 17 $2,605,000 $153,235 $3,473 4.27%
    40% 17 $2,565,000 $150,882 $3,627 4.14%
    38% 16 $2,210,000 $138,125 $3,387 4.48%
    37% 16 $1,660,000 $103,750 $2,405 4.43%
    43% 12 $2,120,000 $176,667 $4,140 4.31%
    39% 11 $1,475,000 $134,091 $2,522 4.20%
    44% 11 $1,835,000 $166,818 $4,521 4.45%
    45% 10 $1,280,000 $128,000 $3,452 4.33%
    48% 8 $1,190,000 $148,750 $3,636 4.15%
    47% 5 $1,305,000 $261,000 $6,049 4.89%
    46% 3 $775,000 $258,333 $4,484 4.08%
    >60% 2 $370,000 $185,000 $3,333 4.20%
    49% 1 $245,000 $245,000 $3,883 3.75%
    50-60% 1 $205,000 $205,000 $4,974 5.00%

    The Honesdale National Bank lent most frequently to those with DTI ratios of 20-30%, with 100 originations. The next most common DTI ratio? 30-36%, with 84 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 427 $55,065,000 $128,958 $3,110 4.52%
    Not applicable 48 $7,080,000 $147,500 $0 5.68%
    Asian 3 $445,000 $148,333 $3,434 4.63%
    Not provided 6 $390,000 $65,000 $1,120 4.12%
    American Indian 1 $95,000 $95,000 $2,842 3.88%
    Native Hawaiian 1 $45,000 $45,000 $0 5.75%

    Approval Rates

    Total approvals of all applications
    92.07%

    The Honesdale National Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    83.95%

    The Honesdale National Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 486 $63,120,000 $129,877

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 6 $3,730,000 $621,667
    Single Family (1-4 Units):Manufactured 22 $1,720,000 $78,182
    Single Family (1-4 Units):Site-Built 458 $57,670,000 $125,917

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 55 $3,395,000 $61,727 $1,036 4.85%
    40-60% 63 $8,875,000 $140,873 $2,948 4.71%
    60-80% 181 $25,925,000 $143,232 $3,789 4.68%
    80-100% 137 $20,345,000 $148,504 $4,095 4.40%
    Under 20% 50 $4,580,000 $91,600 $145 4.75%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The Honesdale National Bank 1207 Texas Palmyra Hwy, Route 6 Plaza Honesdale, PA 18431 Full Service B&M $47,403
    The Honesdale National Bank 13 Chapman Lake Road Scott Township, PA 18447 Full Service B&M $54,861
    The Honesdale National Bank 18 Como Road Lakewood, PA 18439 Full Service B&M $8,769
    The Honesdale National Bank 180 Scenic Drive Lackawaxen Township, PA 18435 Full Service B&M $15,771
    The Honesdale National Bank 202 Betty Street Eynon, PA 18403 Full Service B&M $8,085
    The Honesdale National Bank 2547 Route 6 Hawley, PA 18428 Full Service B&M $32,076
    The Honesdale National Bank 38 North Franklin Street Wilkes-Barre, PA 18701 Full Service B&M $4,264
    The Honesdale National Bank 559 Hamlin Highway, Route 590 Hamlin, PA 18427 Full Service B&M $71,402
    The Honesdale National Bank 619 Main Street Forest City, PA 18421 Full Service B&M $77,924
    The Honesdale National Bank 651 Northern Boulevard Clarks Summit, PA 18411 Full Service B&M $10,007
    The Honesdale National Bank 733 Main Street Honesdale, PA 18431 Full Service B&M $216,086
    The Honesdale National Bank 786 Wyoming Ave Kingston, PA 18704 Full Service B&M $38,400

    For 2019, The Honesdale National Bank had 12 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $29,927
    Net interest income $25,764
    Total noninterest income $5,145
    Gross Fiduciary activities income $610
    Service charges on deposit accounts $885
    Trading account gains and fees $0
    Additional Noninterest Income $3,650
    Pre-tax net operating income $10,238
    Securities gains (or losses, -) $37
    Income before extraordinary items $8,952
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $8,952
    Minority interest net income $0
    Net income $8,952
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $8,919

    The Honesdale National Bank's gross interest income from loans was $29,927,000.
    The Honesdale National Bank's net interest income from loans was $25,764,000.
    The Honesdale National Bank's fee based income from loans was $885,000.
    The Honesdale National Bank's net income from loans was $8,952,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,163
    Provision for credit losses $1,475
    Total noninterest expense $19,196
    Salaries and employee benefits $11,261
    Premises and equipment expense $1,941
    Additional noninterest expense $5,994
    Applicable income taxes $1,323
    Net charge-offs $1,951
    Cash dividends $3,762

    The Honesdale National Bank's interest expense for loans was $4,163,000.
    The Honesdale National Bank's payroll and benefits expense were $11,261,000.
    The Honesdale National Bank's property, plant and equipment expenses $1,941,000.

    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 1.0%
    Commercial & industrial loans 1.0%
    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 $591,080
    Deposits held in domestic offices $591,080
    Deposits by Individuals, partnerships, and corporations $537,289
    Deposits by U.S. Government $4
    Deposits by States and political subdivisions in the U.S. $53,787
    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 $48,438
    Demand deposits $36,824
    Nontransaction accounts $542,642
    Money market deposit accounts (MMDAs) $75,581
    Other savings deposits (excluding MMDAs) $279,590
    Total time deposits $187,471
    Total time and savings deposits $554,256
    Noninterest-bearing deposits $163,923
    Interest-bearing deposits $427,157
    Retail deposits $561,967
    IRAs and Keogh plan accounts $31,584
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $705,414
    Cash & Balances due from depository institutions $19,895
    Interest-bearing balances $12,662
    Total securities $121,634
    Federal funds sold & reverse repurchase $5,132
    Net loans and leases $517,283
    Loan and leases loss allowance $8,946
    Trading account assets $0
    Bank premises and fixed assets $8,699
    Other real estate owned $586
    Goodwill and other intangibles $1,069
    All other assets $31,116

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $705,414
    Total Liabilities $600,594
    Total deposits $591,080
    Interest-bearing deposits $427,157
    Deposits held in domestic offices $591,080
    % insured (estimated) $79
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $9,514

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $517,283
    Loan and leases loss allowance $8,946
    Total loans and leases (domestic) $526,229
    All real estate loans $416,185
    Real estate loans in domestic offices $416,185
    Construction and development loans $17,637
    Residential 1-4 family construction $6,629
    Other construction, all land development and other land $11,008
    Loans secured by nonfarm nonresidential properties $163,650
    Nonfarm nonresidential secured by owner-occupied properties $100,085
    Commercial real estate & other non-farm, non-residential $63,565
    Multifamily residential real estate $10,247
    1-4 family residential loans $220,296
    Farmland loans $4,355
    Loans held in foreign offices $0
    Farm loans $834
    Commercial and industrial loans $73,060
    To non-U.S. addressees $0
    Loans to individuals $26,830
    Credit card loans $551
    Related Plans $755
    Consumer Auto Loans $13,828
    Other loans to individuals $11,696
    All other loans & leases $9,840
    Loans to foreign governments and official institutions $0
    Other loans $4,700
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $1,366
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $566
    Non 1-4 family restructured loans & leases $566
    Total loans and leases (foreign) $0

    The Honesdale National Bank had $517,283,000 of loans outstanding in 2019. $416,185,000 of loans were in real estate loans. $17,637,000 of loans were in development loans. $10,247,000 of loans were in multifamily mortgage loans. $220,296,000 of loans were in 1-4 family mortgage loans. $834,000 of loans were in farm loans. $551,000 of loans were in credit card loans. $13,828,000 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 536 $83,100 $155,037
    Nonfarm, nonresidential loans - <$100k 177 $6,341 $35,825
    Nonfarm, nonresidential loans - $100-250k 206 $23,830 $115,680
    Nonfarm, nonresidential loans - $250k-1MM 153 $52,929 $345,941
    Commercial & Industrial, US addressed loans - <$1MM 751 $40,975 $54,561
    Commercial & Industrial, US addressed loans - <$100k 550 $11,458 $20,833
    Commercial & Industrial, US addressed loans - $100-250k 129 $12,974 $100,574
    Commercial & Industrial, US addressed loans - $250k-1MM 72 $16,543 $229,764
    Farmland loans - <$1MM 32 $2,848 $89,000
    Farmland loans - <$100k 19 $620 $32,632
    Farmland loans - $100-250k 8 $1,050 $131,250
    Farmland loans - $250k-1MM 5 $1,178 $235,600
    Agriculture operations loans - <$1MM 24 $398 $16,583
    Agriculture operations loans - <$100k 24 $398 $16,583