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 Refi and Home Purchase 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.) Their top markets by origination volume include: Scranton, New York, Allentown, East Stroudsburg, and Poughkeepsie among others. We have data for 7 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

    627

    Origination Dollar Volume (All Markets)

    $98,905,000

    Employee count

    156

    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 309 $49,355,000 $159,725 $3,776 3.80%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 242 $35,820,000 $148,017 $3,224 3.66%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 67 $11,955,000 $178,433 $4,020 3.59%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 2 $610,000 $305,000 $3,737 3.06%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 4 $610,000 $152,500 $5,553 4.00%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 2 $450,000 $225,000 $6,381 3.54%
    Corning, NY (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.95%
    The Honesdale National Bank's top markets include Scranton, New York, Allentown, East Stroudsburg, and Poughkeepsie 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.

    The First National Bank of Long Island
    Similarity Rank: 134
    North Jersey Federal Credit Union
    Similarity Rank: 247
    ESSA Bank & Trust
    Similarity Rank: 420
    N C P D Federal Credit Union
    Similarity Rank: 482
    MOUNTAIN MORTGAGE CORP.
    Similarity Rank: 538
    Alcova Mortgage LLC
    Similarity Rank: 544
    First Columbia Bank & Trust Co.
    Similarity Rank: 637
    ATLANTIS MORTGAGE CO., INC.
    Similarity Rank: 668
    TEG Federal Credit Union
    Similarity Rank: 715
    Hanover Community Bank
    Similarity Rank: 727

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 618 $97,860,000 $158,350 $3,589 3.73%
    FHA 9 $1,045,000 $116,111 $5,211 3.33%

    For 2020, The Honesdale National Bank's most frequently originated type of loan was Conventional, with 618 originations. Their 2nd most popular type was FHA, with 9 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 289 $48,715,000 $168,564 $3,518 3.53%
    Home Purchase 286 $47,440,000 $165,874 $4,393 3.79%
    Other 28 $1,180,000 $42,143 $159 4.26%
    Home Improvement 24 $1,570,000 $65,417 $435 4.64%

    For 2020, The Honesdale National Bank's most frequently cited loan purpose was Refi, with 289 originations. The 2nd most popular reason was Home Purchase, with 286 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 247 $43,935,000 $177,874 $4,469 3.42%
    15 Year 151 $23,505,000 $155,662 $2,917 3.60%
    20 Year 122 $18,230,000 $149,426 $3,343 4.29%
    10 Year 50 $4,300,000 $86,000 $1,109 4.02%
    30+ year 23 $6,025,000 $261,957 $7,255 3.96%
    Other 19 $2,265,000 $119,211 $1,463 4.21%
    5 Year 14 $610,000 $43,571 $35 3.48%
    3 Year 1 $35,000 $35,000 $0 3.35%

    For 2020, The Honesdale National Bank's most frequently cited loan duration was 30 Year, with 247 originations. The 2nd most popular length was 15 Year, with 151 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 263 $32,435,000 $123,327
    $1k-2k 142 $22,110,000 $155,704
    $2k-3k 66 $11,940,000 $180,909
    $3k-4k 32 $7,290,000 $227,813
    $4k-5k 16 $4,450,000 $278,125
    $5k+ 13 $5,105,000 $392,692

    The Honesdale National Bank's average total fees were $4,469, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 263 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 354 $60,520,000 $170,960
    4-5% 109 $14,075,000 $129,128
    2.5-3% 97 $17,095,000 $176,237
    5-6% 39 $4,285,000 $109,872
    <2.5% 17 $2,325,000 $136,765
    6-7% 7 $345,000 $49,286
    7-8% 2 $80,000 $40,000
    Over 8% 2 $180,000 $90,000

    During 2020, The Honesdale National Bank's average interest rate for loans was 3.42%, while their most frequently originated rate bucket for loans was 3-4%, with 354 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 259 $37,035,000 $142,992 $3,819 3.51%
    $100,000 or less 204 $12,690,000 $62,206 $1,682 4.15%
    $200k-400k 143 $38,155,000 $266,818 $5,185 3.53%
    $400k-600k 17 $7,685,000 $452,059 $7,570 3.54%
    $600k-1MM 3 $2,085,000 $695,000 $12,705 4.15%
    $1MM+ 1 $1,255,000 $1,255,000 $0 3.75%

    2020 saw The Honesdale National Bank place emphasis on $100k-200k loans with 259 originations, totaling $37,035,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 129 $16,275,000 $126,163 $3,255 3.72%
    $75k-100k 114 $17,080,000 $149,825 $3,867 3.63%
    $100k-150k 108 $19,410,000 $179,722 $3,872 3.53%
    $50k or less 85 $7,765,000 $91,353 $2,849 3.82%
    $150k-250k 77 $16,115,000 $209,286 $4,173 3.57%
    $250k+ 44 $11,500,000 $261,364 $4,872 3.68%

    The Honesdale National Bank lent most frequently to those with incomes in the $50k-75k range, with 129 originations. The second most popular income band? $75k-100k, with 114 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 133 $21,205,000 $159,436 $3,502 3.47%
    30-36% 126 $19,900,000 $157,937 $3,684 3.58%
    <20% 62 $9,450,000 $152,419 $3,429 3.54%
    39% 29 $4,715,000 $162,586 $3,877 3.59%
    41% 26 $4,090,000 $157,308 $4,012 3.83%
    37% 22 $3,200,000 $145,455 $3,798 3.50%
    36% 21 $3,095,000 $147,381 $3,201 3.53%
    40% 17 $2,435,000 $143,235 $3,141 4.03%
    42% 16 $2,510,000 $156,875 $3,594 4.20%
    38% 16 $3,030,000 $189,375 $4,721 3.39%
    43% 12 $1,750,000 $145,833 $4,602 3.34%
    46% 8 $1,660,000 $207,500 $4,600 3.20%
    45% 7 $985,000 $140,714 $3,857 3.73%
    44% 6 $980,000 $163,333 $3,811 3.35%
    48% 4 $830,000 $207,500 $3,998 3.09%
    >60% 2 $540,000 $270,000 $7,413 4.00%
    47% 2 $280,000 $140,000 $3,379 3.44%
    50-60% 2 $110,000 $55,000 $1,995 3.99%
    49% 1 $65,000 $65,000 $0 4.50%

    The Honesdale National Bank lent most frequently to those with DTI ratios of 20-30%, with 133 originations. The next most common DTI ratio? 30-36%, with 126 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 557 $87,585,000 $157,244 $3,602 3.62%
    Not applicable 50 $8,260,000 $165,200 $0 4.77%
    Not provided 15 $2,325,000 $155,000 $3,796 4.13%
    Asian 4 $380,000 $95,000 $3,787 3.91%
    Black 1 $355,000 $355,000 $7,997 3.85%

    Approval Rates

    Total approvals of all applications
    92.96%

    The Honesdale National Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.17%

    The Honesdale National Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 627 $98,905,000 $157,743

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 12 $4,640,000 $386,667
    Single Family (1-4 Units):Manufactured 11 $695,000 $63,182
    Single Family (1-4 Units):Site-Built 604 $93,570,000 $154,917

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 54 $4,940,000 $91,481 $1,239 4.26%
    40-60% 91 $12,115,000 $133,132 $2,657 3.68%
    60-80% 278 $49,660,000 $178,633 $4,305 3.78%
    80-100% 170 $31,090,000 $182,882 $4,524 3.41%
    Under 20% 34 $1,100,000 $32,353 $98 4.15%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    The Honesdale National Bank 100 Lcpl Jacob Beisel Road Lackawaxen, PA 18435 Full Service B&M $15,217
    The Honesdale National Bank 1207 Texas Palmyra Hwy, Route 6 Plaza Honesdale, PA 18431 Full Service B&M $52,413
    The Honesdale National Bank 13 Chapman Lake Road Scott Township, PA 18447 Full Service B&M $66,825
    The Honesdale National Bank 18 Como Road Lakewood, PA 18439 Full Service B&M $11,902
    The Honesdale National Bank 202 Betty Street Eynon, PA 18403 Full Service B&M $12,295
    The Honesdale National Bank 2547 Route 6 Hawley, PA 18428 Full Service B&M $33,052
    The Honesdale National Bank 313 Main Street Hallstead, PA 18822 Full Service B&M $5,485
    The Honesdale National Bank 38 North Franklin Street Wilkes-Barre, PA 18701 Full Service B&M $4,665
    The Honesdale National Bank 559 Hamlin Highway, Route 590 Hamlin, PA 18427 Full Service B&M $79,153
    The Honesdale National Bank 619 Main Street Forest City, PA 18421 Full Service B&M $81,359
    The Honesdale National Bank 651 Northern Boulevard Clarks Summit, PA 18411 Full Service B&M $11,818
    The Honesdale National Bank 733 Main Street Honesdale, PA 18431 Full Service B&M $246,429
    The Honesdale National Bank 786 Wyoming Ave Kingston, PA 18704 Full Service B&M $36,312

    For 2020, The Honesdale National Bank had 13 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $29,479
    Net interest income $26,707
    Total noninterest income $7,165
    Gross Fiduciary activities income $583
    Service charges on deposit accounts $735
    Trading account gains and fees $0
    Additional Noninterest Income $5,847
    Pre-tax net operating income $11,312
    Securities gains (or losses, -) $0
    Income before extraordinary items $9,458
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $9,458
    Minority interest net income $0
    Net income $9,458
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $9,458

    The Honesdale National Bank's gross interest income from loans was $29,479,000.
    The Honesdale National Bank's net interest income from loans was $26,707,000.
    The Honesdale National Bank's fee based income from loans was $735,000.
    The Honesdale National Bank's net income from loans was $9,458,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,772
    Provision for credit losses $1,575
    Total noninterest expense $20,985
    Salaries and employee benefits $12,403
    Premises and equipment expense $1,791
    Additional noninterest expense $6,791
    Applicable income taxes $1,854
    Net charge-offs $294
    Cash dividends $3,906

    The Honesdale National Bank's interest expense for loans was $2,772,000.
    The Honesdale National Bank's payroll and benefits expense were $12,403,000.
    The Honesdale National Bank's property, plant and equipment expenses $1,791,000.

    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 1.0%
    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 $689,705
    Deposits held in domestic offices $689,705
    Deposits by Individuals, partnerships, and corporations $636,745
    Deposits by U.S. Government $6
    Deposits by States and political subdivisions in the U.S. $52,954
    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 $295,552
    Demand deposits $227,605
    Nontransaction accounts $394,153
    Money market deposit accounts (MMDAs) $116,203
    Other savings deposits (excluding MMDAs) $120,481
    Total time deposits $157,469
    Total time and savings deposits $462,100
    Noninterest-bearing deposits $227,662
    Interest-bearing deposits $462,043
    Retail deposits $666,872
    IRAs and Keogh plan accounts $30,513
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $811,587
    Cash & Balances due from depository institutions $75,123
    Interest-bearing balances $68,735
    Total securities $134,484
    Federal funds sold & reverse repurchase $1,385
    Net loans and leases $552,352
    Loan and leases loss allowance $10,227
    Trading account assets $0
    Bank premises and fixed assets $8,296
    Other real estate owned $450
    Goodwill and other intangibles $1,171
    All other assets $38,326

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $811,587
    Total Liabilities $700,050
    Total deposits $689,705
    Interest-bearing deposits $462,043
    Deposits held in domestic offices $689,705
    % insured (estimated) $76
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $10,345

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $552,352
    Loan and leases loss allowance $10,227
    Total loans and leases (domestic) $562,579
    All real estate loans $439,707
    Real estate loans in domestic offices $439,707
    Construction and development loans $27,003
    Residential 1-4 family construction $7,331
    Other construction, all land development and other land $19,672
    Loans secured by nonfarm nonresidential properties $180,755
    Nonfarm nonresidential secured by owner-occupied properties $109,913
    Commercial real estate & other non-farm, non-residential $70,842
    Multifamily residential real estate $17,067
    1-4 family residential loans $211,449
    Farmland loans $3,433
    Loans held in foreign offices $0
    Farm loans $751
    Commercial and industrial loans $89,731
    To non-U.S. addressees $0
    Loans to individuals $24,319
    Credit card loans $626
    Related Plans $617
    Consumer Auto Loans $12,605
    Other loans to individuals $10,471
    All other loans & leases $9,361
    Loans to foreign governments and official institutions $0
    Other loans $4,019
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $793
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $2,079
    Non 1-4 family restructured loans & leases $1,243
    Total loans and leases (foreign) $0

    The Honesdale National Bank had $552,352,000 of loans outstanding in 2020. $439,707,000 of loans were in real estate loans. $27,003,000 of loans were in development loans. $17,067,000 of loans were in multifamily mortgage loans. $211,449,000 of loans were in 1-4 family mortgage loans. $751,000 of loans were in farm loans. $626,000 of loans were in credit card loans. $12,605,000 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 553 $88,414 $159,881
    Nonfarm, nonresidential loans - <$100k 178 $6,518 $36,618
    Nonfarm, nonresidential loans - $100-250k 207 $24,809 $119,850
    Nonfarm, nonresidential loans - $250k-1MM 168 $57,087 $339,804
    Commercial & Industrial, US addressed loans - <$1MM 1,235 $53,549 $43,360
    Commercial & Industrial, US addressed loans - <$100k 979 $18,786 $19,189
    Commercial & Industrial, US addressed loans - $100-250k 166 $16,349 $98,488
    Commercial & Industrial, US addressed loans - $250k-1MM 90 $18,414 $204,600
    Farmland loans - <$1MM 25 $1,756 $70,240
    Farmland loans - <$100k 15 $372 $24,800
    Farmland loans - $100-250k 7 $777 $111,000
    Farmland loans - $250k-1MM 3 $607 $202,333
    Agriculture operations loans - <$1MM 23 $345 $15,000
    Agriculture operations loans - <$100k 23 $345 $15,000