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.) They have a low ratio of USDA loans. Their top markets by origination volume include: Scranton, New York, Allentown, East Stroudsburg, and Bloomsburg 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 an above average pick rate when compared to similar lenders. The Honesdale National Bank is typically an average 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% 4/18/24
    30 Year Conventional Purchase 6.65% 4/18/24
    30 Year Conventional Refi 6.62% 4/18/24
    15 Year Conventional Purchase 6.27% 4/18/24
    15 Year Conventional Refi 5.93% 4/18/24
    15 Year Cash-out Refi 5.93% 4/18/24
    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

    604

    Origination Dollar Volume (All Markets)

    $111,490,000

    Employee count

    159

    Awards

    The Honesdale National Bank 30 Year Conventional Loans gold
    Show all (1) 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 257 $48,125,000 $187,257 $4,326 3.35%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 251 $39,425,000 $157,072 $3,693 3.28%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 81 $20,855,000 $257,469 $4,930 3.08%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 3 $1,555,000 $518,333 $4,351 3.25%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 9 $1,285,000 $142,778 $2,858 3.46%
    BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 2 $200,000 $100,000 $3,258 3.01%
    POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 1 $45,000 $45,000 $200 3.99%
    The Honesdale National Bank's top markets include Scranton, New York, Allentown, East Stroudsburg, 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: 102
    CROSS VALLEY FEDERAL CREDIT UNION
    Similarity Rank: 159
    ESSA Bank & Trust
    Similarity Rank: 336
    Schuyler Savings Bank
    Similarity Rank: 352
    First Keystone Community Bank
    Similarity Rank: 410
    ATLANTIS MORTGAGE CO., INC.
    Similarity Rank: 652
    The First National Bank of Long Island
    Similarity Rank: 748
    First Columbia Bank & Trust Co.
    Similarity Rank: 855
    The Atlantic Federal Credit Union
    Similarity Rank: 882
    GARDEN SAVINGS FEDERAL CREDIT UNION
    Similarity Rank: 1064

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 590 $109,350,000 $185,339 $4,079 3.28%
    FHA 9 $1,685,000 $187,222 $6,881 3.35%
    USDA 5 $455,000 $91,000 $4,201 3.30%

    For 2021, The Honesdale National Bank's most frequently originated type of loan was Conventional, with 590 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 290 $48,150,000 $166,034 $3,666 3.08%
    Home Purchase 270 $59,060,000 $218,741 $5,223 3.36%
    Home Improvement 26 $2,670,000 $102,692 $958 4.06%
    Other 18 $1,610,000 $89,444 $1,044 4.46%

    For 2021, The Honesdale National Bank's most frequently cited loan purpose was Refi, with 290 originations. The 2nd most popular reason was Home Purchase, with 270 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 254 $52,460,000 $206,535 $4,954 3.05%
    15 Year 136 $21,280,000 $156,471 $2,784 3.12%
    20 Year 125 $22,295,000 $178,360 $3,995 3.75%
    10 Year 46 $3,980,000 $86,522 $860 3.47%
    30+ year 26 $8,620,000 $331,538 $8,248 3.66%
    Other 12 $2,380,000 $198,333 $4,140 3.34%
    5 Year 4 $420,000 $105,000 $0 3.86%
    1 Year 1 $55,000 $55,000 $0 5.25%

    For 2021, The Honesdale National Bank's most frequently cited loan duration was 30 Year, with 254 originations. The 2nd most popular length was 15 Year, with 136 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 242 $34,580,000 $142,893
    $1k-2k 132 $22,610,000 $171,288
    $3k-4k 48 $11,140,000 $232,083
    $2k-3k 46 $8,890,000 $193,261
    $5k+ 21 $9,185,000 $437,381
    $4k-5k 18 $6,050,000 $336,111

    The Honesdale National Bank's average total fees were $4,954, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 242 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 232 $44,720,000 $192,759
    3-4% 183 $35,335,000 $193,087
    <2.5% 93 $14,645,000 $157,473
    4-5% 81 $15,635,000 $193,025
    5-6% 9 $835,000 $92,778
    7-8% 4 $240,000 $60,000
    6-7% 1 $35,000 $35,000
    Over 8% 1 $45,000 $45,000

    During 2021, The Honesdale National Bank's average interest rate for loans was 3.05%, while their most frequently originated rate bucket for loans was 2.5-3%, with 232 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 262 $38,140,000 $145,573 $3,691 3.12%
    $200k-400k 167 $44,955,000 $269,192 $5,723 3.15%
    $100,000 or less 143 $9,465,000 $66,189 $1,780 3.71%
    $400k-600k 22 $10,290,000 $467,727 $8,866 3.32%
    $600k-1MM 8 $5,520,000 $690,000 $8,763 3.92%
    $1MM+ 2 $3,120,000 $1,560,000 $30,926 3.95%

    2021 saw The Honesdale National Bank place emphasis on $100k-200k loans with 262 originations, totaling $38,140,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 111 $20,625,000 $185,811 $4,365 3.08%
    $50k-75k 109 $14,955,000 $137,202 $3,477 3.03%
    $75k-100k 109 $18,165,000 $166,651 $3,962 3.12%
    $50k or less 84 $8,500,000 $101,190 $2,807 3.49%
    $150k-250k 67 $16,385,000 $244,552 $5,083 3.09%
    $250k+ 46 $16,300,000 $354,348 $6,826 3.31%

    The Honesdale National Bank lent most frequently to those with incomes in the $100k-150k range, with 111 originations. The second most popular income band? $50k-75k, with 109 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 146 $25,460,000 $174,384 $3,753 3.06%
    30-36% 103 $18,815,000 $182,670 $4,062 3.05%
    <20% 55 $9,385,000 $170,636 $3,423 3.11%
    38% 29 $6,055,000 $208,793 $5,371 3.18%
    37% 25 $3,215,000 $128,600 $3,086 3.38%
    40% 23 $5,985,000 $260,217 $5,116 3.37%
    41% 21 $3,085,000 $146,905 $4,034 3.24%
    36% 15 $2,935,000 $195,667 $5,097 2.95%
    39% 15 $2,955,000 $197,000 $5,425 3.33%
    42% 12 $2,230,000 $185,833 $3,631 3.05%
    48% 12 $2,120,000 $176,667 $4,622 2.91%
    45% 11 $2,495,000 $226,818 $5,432 2.75%
    44% 9 $1,715,000 $190,556 $5,316 2.89%
    50-60% 6 $1,690,000 $281,667 $6,644 3.79%
    43% 6 $940,000 $156,667 $4,311 3.21%
    47% 5 $835,000 $167,000 $3,448 2.93%
    46% 4 $730,000 $182,500 $3,850 2.69%
    49% 3 $845,000 $281,667 $5,241 2.71%

    The Honesdale National Bank lent most frequently to those with DTI ratios of 20-30%, with 146 originations. The next most common DTI ratio? 30-36%, with 103 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 527 $95,085,000 $180,427 $4,134 3.17%
    Not applicable 66 $14,630,000 $221,667 $0 4.21%
    Not provided 8 $1,300,000 $162,500 $3,678 3.14%
    Asian 1 $255,000 $255,000 $5,610 2.88%
    Black 2 $220,000 $110,000 $4,214 3.00%

    Approval Rates

    Total approvals of all applications
    95.50%

    The Honesdale National 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
    91.23%

    The Honesdale National Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 604 $111,490,000 $184,586

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    604 $111,490,000 $184,586

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 45 $4,265,000 $94,778 $1,416 3.71%
    40-60% 101 $14,665,000 $145,198 $3,105 3.12%
    60-80% 272 $56,980,000 $209,485 $4,842 3.21%
    80-100% 158 $34,260,000 $216,835 $5,046 3.28%
    Over 100% 1 $95,000 $95,000 $4,444 2.75%
    Under 20% 24 $910,000 $37,917 $352 4.12%

    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 $16,948
    The Honesdale National Bank 1207 Texas Palmyra Hwy, Route 6 Plaza Honesdale, PA 18431 Full Service B&M $58,607
    The Honesdale National Bank 13 Chapman Lake Road Scott Township, PA 18447 Full Service B&M $74,408
    The Honesdale National Bank 18 Como Road Lakewood, PA 18439 Full Service B&M $12,011
    The Honesdale National Bank 202 Betty Street Eynon, PA 18403 Full Service B&M $15,517
    The Honesdale National Bank 2547 Route 6 Hawley, PA 18428 Full Service B&M $44,017
    The Honesdale National Bank 313 Main Street Hallstead, PA 18822 Full Service B&M $10,803
    The Honesdale National Bank 38 North Franklin Street Wilkes-Barre, PA 18701 Full Service B&M $5,187
    The Honesdale National Bank 559 Hamlin Highway, Route 590 Hamlin, PA 18427 Full Service B&M $91,981
    The Honesdale National Bank 619 Main Street Forest City, PA 18421 Full Service B&M $90,048
    The Honesdale National Bank 651 Northern Boulevard Clarks Summit, PA 18411 Full Service B&M $15,382
    The Honesdale National Bank 733 Main Street Honesdale, PA 18431 Full Service B&M $274,419
    The Honesdale National Bank 786 Wyoming Ave Kingston, PA 18704 Full Service B&M $44,175

    For 2021, The Honesdale National Bank had 13 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $29,152
    Net interest income $27,876
    Total noninterest income $7,828
    Gross Fiduciary activities income $698
    Service charges on deposit accounts $700
    Trading account gains and fees $0
    Additional Noninterest Income $6,430
    Pre-tax net operating income $12,896
    Securities gains (or losses, -) $0
    Income before extraordinary items $10,816
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $10,816
    Minority interest net income $0
    Net income $10,816
    Sale, conversion, retirement of capital stock, net $1,152
    Net operating income $10,816

    The Honesdale National Bank's gross interest income from loans was $29,152,000.
    The Honesdale National Bank's net interest income from loans was $27,876,000.
    The Honesdale National Bank's fee based income from loans was $700,000.
    The Honesdale National Bank's net income from loans was $10,816,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,276
    Provision for credit losses $600
    Total noninterest expense $22,208
    Salaries and employee benefits $12,639
    Premises and equipment expense $1,848
    Additional noninterest expense $7,721
    Applicable income taxes $2,080
    Net charge-offs $197
    Cash dividends $4,266

    The Honesdale National Bank's interest expense for loans was $1,276,000.
    The Honesdale National Bank's payroll and benefits expense were $12,639,000.
    The Honesdale National Bank's property, plant and equipment expenses $1,848,000.

    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 $817,382
    Deposits held in domestic offices $817,382
    Deposits by Individuals, partnerships, and corporations $750,667
    Deposits by U.S. Government $5
    Deposits by States and political subdivisions in the U.S. $66,710
    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 $357,345
    Demand deposits $281,915
    Nontransaction accounts $460,037
    Money market deposit accounts (MMDAs) $153,543
    Other savings deposits (excluding MMDAs) $151,756
    Total time deposits $154,738
    Total time and savings deposits $535,467
    Noninterest-bearing deposits $281,963
    Interest-bearing deposits $535,419
    Retail deposits $790,417
    IRAs and Keogh plan accounts $28,899
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $944,670
    Cash & Balances due from depository institutions $193,477
    Interest-bearing balances $185,969
    Total securities $152,168
    Federal funds sold & reverse repurchase $885
    Net loans and leases $551,976
    Loan and leases loss allowance $10,630
    Trading account assets $0
    Bank premises and fixed assets $7,778
    Other real estate owned $0
    Goodwill and other intangibles $1,373
    All other assets $37,013

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $944,670
    Total Liabilities $826,453
    Total deposits $817,382
    Interest-bearing deposits $535,419
    Deposits held in domestic offices $817,382
    % insured (estimated) $73
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $9,071

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $551,976
    Loan and leases loss allowance $10,630
    Total loans and leases (domestic) $562,606
    All real estate loans $454,501
    Real estate loans in domestic offices $454,501
    Construction and development loans $29,416
    Residential 1-4 family construction $9,724
    Other construction, all land development and other land $19,692
    Loans secured by nonfarm nonresidential properties $195,505
    Nonfarm nonresidential secured by owner-occupied properties $128,303
    Commercial real estate & other non-farm, non-residential $67,202
    Multifamily residential real estate $21,451
    1-4 family residential loans $203,172
    Farmland loans $4,957
    Loans held in foreign offices $0
    Farm loans $1,033
    Commercial and industrial loans $77,457
    To non-U.S. addressees $0
    Loans to individuals $22,312
    Credit card loans $915
    Related Plans $548
    Consumer Auto Loans $11,557
    Other loans to individuals $9,292
    All other loans & leases $8,621
    Loans to foreign governments and official institutions $0
    Other loans $3,958
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $686
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $867
    Non 1-4 family restructured loans & leases $170
    Total loans and leases (foreign) $0

    The Honesdale National Bank had $551,976,000 of loans outstanding in 2021. $454,501,000 of loans were in real estate loans. $29,416,000 of loans were in development loans. $21,451,000 of loans were in multifamily mortgage loans. $203,172,000 of loans were in 1-4 family mortgage loans. $1,033,000 of loans were in farm loans. $915,000 of loans were in credit card loans. $11,557,000 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 552 $92,684 $167,906
    Nonfarm, nonresidential loans - <$100k 169 $6,139 $36,325
    Nonfarm, nonresidential loans - $100-250k 202 $24,445 $121,015
    Nonfarm, nonresidential loans - $250k-1MM 181 $62,100 $343,094
    Commercial & Industrial, US addressed loans - <$1MM 922 $45,312 $49,145
    Commercial & Industrial, US addressed loans - <$100k 677 $12,739 $18,817
    Commercial & Industrial, US addressed loans - $100-250k 161 $15,042 $93,429
    Commercial & Industrial, US addressed loans - $250k-1MM 84 $17,531 $208,702
    Farmland loans - <$1MM 25 $1,645 $65,800
    Farmland loans - <$100k 15 $379 $25,267
    Farmland loans - $100-250k 7 $696 $99,429
    Farmland loans - $250k-1MM 3 $570 $190,000
    Agriculture operations loans - <$1MM 25 $660 $26,400
    Agriculture operations loans - <$100k 24 $570 $23,750
    Agriculture operations loans - $100-250k 1 $90 $90,000