Acnb Bank Mortgage Rates, Fees & Info
Gettysburg, PALEI: 5493005CFFMKTUKLO381
Tax ID: 23-0581360
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Bank Data
Overview
Acnb Bank is a smaller bank specializing in Refi and Home Purchase loans. Acnb Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets include Gettysburg, Baltimore, York, Chambersburg, and Washington among others. Acnb Bank has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Acnb Bank is typically an average fee lendor.Originations
1,080Origination Dollar Volume (All Markets)
$219,170,000Employee count
360Awards
ACNB Bank - 2021
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For 2021, less than of lenders were eligible for this award.
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Relative Rate
Acnb Bank's average 30 year fixed rate mortgage of loans were
2.97%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.18%.
Relative Fees
Acnb Bank's average total fees for a 30 year fixed rate
mortgage are $3,647.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| GETTYSBURG, PA (FHA|USDA|VA) | 443 | $69,705,000 | $157,348 | $3,500 | 3.50% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 145 | $35,395,000 | $244,103 | $3,066 | 3.32% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 198 | $30,740,000 | $155,253 | $3,559 | 3.49% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 87 | $29,555,000 | $339,713 | $3,851 | 3.38% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 96 | $27,100,000 | $282,292 | $3,111 | 3.41% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 65 | $12,375,000 | $190,385 | $3,384 | 3.47% |
| LANCASTER, PA (FHA|USDA|VA) | 12 | $4,700,000 | $391,667 | $3,590 | 3.43% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 8 | $3,040,000 | $380,000 | $3,969 | 3.19% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 13 | $2,895,000 | $222,692 | $4,243 | 3.63% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 7 | $1,725,000 | $246,429 | $3,520 | 3.03% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $1,165,000 | $1,165,000 | $0 | 3.60% |
| Outside of Metro Areas | 2 | $330,000 | $165,000 | $3,982 | 3.75% |
| Easton, MD (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $2,682 | 2.25% |
| CUMBERLAND, MD-WV (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 3.85% |
| St. Marys, PA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,110 | 2.75% |
Acnb Bank's top markets include Gettysburg, Baltimore, York, Chambersburg, and Washington among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 1,074 | $217,900,000 | $202,886 | $3,418 | 3.45% |
| USDA | 6 | $1,270,000 | $211,667 | $5,611 | 2.48% |
For the 2021 period, Acnb Bank's most frequently originated loan type of loans were Conventional, with 1,074 originations. Their 2nd most popular type is USDA, with 6 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Refi | 419 | $86,275,000 | $205,907 | $3,225 | 3.25% |
| Home Purchase | 242 | $75,180,000 | $310,661 | $4,273 | 3.56% |
| Other | 211 | $17,765,000 | $84,194 | $1,495 | 4.00% |
| Cash Out Refi | 166 | $36,040,000 | $217,108 | $3,499 | 2.93% |
| Home Improvement | 42 | $3,910,000 | $93,095 | $1,250 | 4.05% |
For the 2021, Acnb Bank's most frequently cited loan purpose of loans were Refi, with 419 originations. The 2nd most popular reason of loans were Home Purchase, with 242 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20 Year | 525 | $85,575,000 | $163,000 | $3,086 | 3.91% |
| 30 Year | 297 | $67,675,000 | $227,862 | $3,647 | 2.97% |
| 15 Year | 171 | $33,495,000 | $195,877 | $3,032 | 2.71% |
| Other | 32 | $8,070,000 | $252,188 | $3,450 | 3.45% |
| 30+ year | 26 | $9,680,000 | $372,308 | $5,150 | 3.98% |
| 10 Year | 17 | $11,825,000 | $695,588 | $2,217 | 3.47% |
| 1 Year | 9 | $2,115,000 | $235,000 | $0 | 4.05% |
| 5 Year | 3 | $735,000 | $245,000 | $206 | 3.84% |
For the 2021, Acnb Bank's most frequently cited loan length of loans were 20 Year, with 525 originations. The 2nd most popular length of loans were 30 Year, with 297 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 527 | $119,525,000 | $226,803 |
| $<1k | 35 | $3,115,000 | $89,000 |
| $2k-3k | 8 | $1,930,000 | $241,250 |
| $3k-4k | 2 | $410,000 | $205,000 |
| $5k+ | 1 | $285,000 | $285,000 |
$3,647 of loans were Acnb Bank's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 527 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 507 | $97,895,000 | $193,087 |
| 2.5-3% | 245 | $57,265,000 | $233,735 |
| <2.5% | 167 | $34,945,000 | $209,251 |
| 4-5% | 157 | $28,735,000 | $183,025 |
| 5-6% | 3 | $255,000 | $85,000 |
| 6-7% | 1 | $75,000 | $75,000 |
During 2021, Acnb Bank's average interest rate of loans were 2.97%, while their most frequently originated rate bucket of loans were 3-4%, with 507 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-200k | 393 | $57,155,000 | $145,433 | $3,222 | 3.32% |
| $100,000 or less | 301 | $17,105,000 | $56,827 | $1,911 | 3.93% |
| $200k-400k | 296 | $79,610,000 | $268,953 | $3,841 | 3.13% |
| $400k-600k | 64 | $31,270,000 | $488,594 | $4,543 | 3.24% |
| $600k-1MM | 16 | $11,310,000 | $706,875 | $5,227 | 3.96% |
| $1MM+ | 10 | $22,720,000 | $2,272,000 | $0 | 3.69% |
2021 saw Acnb Bank place emphasis on $100k-200k loans with 393 originations, totaling $57,155,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 230 | $43,710,000 | $190,043 | $3,678 | 3.35% |
| $50k-75k | 218 | $30,580,000 | $140,275 | $3,215 | 3.33% |
| $75k-100k | 185 | $31,165,000 | $168,459 | $3,388 | 3.46% |
| $150k-250k | 141 | $31,555,000 | $223,794 | $3,617 | 3.30% |
| $50k or less | 112 | $12,240,000 | $109,286 | $3,059 | 3.34% |
| $250k+ | 61 | $16,765,000 | $274,836 | $4,107 | 3.59% |
Acnb Bank lent most frequently to those with incomes in the $100k-150k range, with 230 originations. The second most popular income band? $50k-75k, with 218 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 259 | $44,085,000 | $170,212 | $3,422 | 3.25% |
| 30-36% | 172 | $29,830,000 | $173,430 | $3,668 | 3.40% |
| <20% | 118 | $21,090,000 | $178,729 | $3,462 | 3.23% |
| 44% | 49 | $7,865,000 | $160,510 | $3,328 | 3.59% |
| 43% | 38 | $7,160,000 | $188,421 | $3,463 | 3.42% |
| 42% | 37 | $6,485,000 | $175,270 | $3,332 | 3.60% |
| 37% | 37 | $5,535,000 | $149,595 | $3,071 | 3.58% |
| 40% | 36 | $6,630,000 | $184,167 | $3,467 | 3.46% |
| 41% | 35 | $5,355,000 | $153,000 | $3,065 | 3.47% |
| 39% | 35 | $6,305,000 | $180,143 | $3,358 | 3.46% |
| 36% | 29 | $4,495,000 | $155,000 | $3,401 | 3.42% |
| 38% | 23 | $3,835,000 | $166,739 | $3,231 | 3.63% |
| 45% | 22 | $4,690,000 | $213,182 | $3,524 | 3.19% |
| >60% | 19 | $4,695,000 | $247,105 | $0 | 4.03% |
| 50-60% | 17 | $3,045,000 | $179,118 | $2,575 | 4.05% |
| 48% | 12 | $2,440,000 | $203,333 | $3,606 | 2.99% |
| 46% | 12 | $3,090,000 | $257,500 | $3,682 | 3.14% |
| 47% | 10 | $1,700,000 | $170,000 | $3,227 | 3.08% |
| 49% | 7 | $1,125,000 | $160,714 | $3,570 | 3.07% |
Acnb Bank lent most frequently to those with DTI ratios of 20-30%, with 259 originations. The next most common DTI ratio? 30-36%, with 172 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 909 | $163,015,000 | $179,334 | $3,444 | 3.39% |
| Not applicable | 106 | $45,430,000 | $428,585 | $0 | 4.02% |
| Not provided | 40 | $6,450,000 | $161,250 | $3,423 | 3.27% |
| Black | 13 | $2,355,000 | $181,154 | $3,407 | 3.63% |
| Asian | 7 | $1,175,000 | $167,857 | $3,281 | 3.41% |
| American Indian | 5 | $745,000 | $149,000 | $3,356 | 3.20% |
Approval Rates
Total approvals of all applications84.23%
Acnb Bank has a below average approval rate.
Pick Rate
Approvals leading to origination84.89%
Acnb Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,080 | $219,170,000 | $202,935 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 1,080 | $219,170,000 | $202,935 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 177 | $18,925,000 | $106,921 | $2,478 | 3.75% |
| 40-60% | 180 | $38,790,000 | $215,500 | $3,106 | 3.22% |
| 60-80% | 412 | $103,280,000 | $250,680 | $3,652 | 3.27% |
| 80-100% | 157 | $50,995,000 | $324,809 | $3,955 | 3.24% |
| Under 20% | 154 | $7,180,000 | $46,623 | $150 | 4.04% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Acnb Bank | 10 High Street Cashtown, PA 17310 | Limited, Drive-thru | $13,644 |
| Acnb Bank | 1127 Eichelberger Street Hanover, PA 17331 | Full Service B&M | $93,975 |
| Acnb Bank | 16 Lincoln Square Gettysburg, PA 17325 | Full Service B&M | $226,557 |
| Acnb Bank | 165a Thomas Johnson Drive Frederick, MD 21702 | Full Service B&M | $76,528 |
| Acnb Bank | 1677 Route 194 North East Berlin, PA 17316 | Full Service B&M | $143,509 |
| Acnb Bank | 1801 Baltimore Pike Hanover, PA 17331 | Full Service B&M | $38,797 |
| Acnb Bank | 2 North Market Street Frederick, MD 21701 | Full Service B&M | $216,006 |
| Acnb Bank | 200 Commerce Drive Walkersville, MD 21793 | Full Service B&M | $67,845 |
| Acnb Bank | 201 Pauline Drive York, PA 17402 | Full Service B&M | $45,551 |
| Acnb Bank | 213 Main Street New Windsor, MD 21776 | Full Service B&M | $69,537 |
| Acnb Bank | 221 North Main Street Spring Grove, PA 17362 | Full Service B&M | $41,977 |
| Acnb Bank | 222 East Baltimore Street Taneytown, MD 21787 | Full Service B&M | $55,407 |
| Acnb Bank | 2305 Hanover Pike Hampstead, MD 21074 | Full Service B&M | $23,425 |
| Acnb Bank | 3 Tristan Drive Dillsburg, PA 17019 | Full Service B&M | $35,313 |
| Acnb Bank | 318 Lincolnway East New Oxford, PA 17350 | Full Service B&M | $57,821 |
| Acnb Bank | 3459 Biglerville Rd Biglerville, PA 17307 | Full Service B&M | $45,234 |
| Acnb Bank | 369 Main Street Mc Sherrystown, PA 17344 | Full Service B&M | $112,250 |
| Acnb Bank | 39 Carlisle Road Newville, PA 17241 | Full Service B&M | $60,952 |
| Acnb Bank | 444 West King Street Littlestown, PA 17340 | Full Service B&M | $105,033 |
| Acnb Bank | 444 Wmc Drive Westminster, MD 21158 | Full Service B&M | $89,863 |
| Acnb Bank | 490 Monocacy Blvd Frederick, MD 21701 | Full Service B&M | $36,855 |
| Acnb Bank | 4910 Fairfield Road, Suite F Fairfield, PA 17320 | Full Service B&M | $70,303 |
| Acnb Bank | 545 West Middle Street Gettysburg, PA 17325 | Full Service B&M | $52,410 |
| Acnb Bank | 675 Old Harrisburg Road Gettysburg, PA 17325 | Full Service B&M | $181,289 |
| Acnb Bank | 6910 Crestwood Blvd Frederick, MD 21703 | Full Service B&M | $99,312 |
| Acnb Bank | 810 Market Street Westminster, MD 21157 | Full Service B&M | $63,710 |
| Acnb Bank | 850 Norland Avenue Chambersburg, PA 17201 | Full Service B&M | $39,280 |
| Acnb Bank | 100 V-Twin Drive Gettysburg, PA 17325 | Limited, Drive-thru | $43,403 |
| Acnb Bank | 1001 Twin Arch Road Mount Airy, MD 21771 | Full Service B&M | $54,026 |
| Acnb Bank | 101 Main Street Arendtsville, PA 17303 | Full Service B&M | $50,050 |
| Acnb Bank | 101 North Main Street Bendersville, PA 17306 | Full Service B&M | $44,934 |
For 2021, Acnb Bank had 31 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $78,072 |
| Net interest income | $72,295 |
| Total noninterest income | $16,096 |
| Gross Fiduciary activities income | $2,551 |
| Service charges on deposit accounts | $3,510 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $10,035 |
| Pre-tax net operating income | $35,223 |
| Securities gains (or losses, -) | $-29 |
| Income before extraordinary items | $27,752 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $27,752 |
| Minority interest net income | $0 |
| Net income | $27,752 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $27,774 |
Acnb Bank's gross interest income from loans was $78,072,000.
Acnb Bank's net interest income from loans was $72,295,000.
Acnb Bank's fee based income from loans was $3,510,000.
Acnb Bank's net income from loans was $27,752,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $5,777 |
| Provision for credit losses | $50 |
| Total noninterest expense | $53,118 |
| Salaries and employee benefits | $32,680 |
| Premises and equipment expense | $9,945 |
| Additional noninterest expense | $10,493 |
| Applicable income taxes | $7,442 |
| Net charge-offs | $1,243 |
| Cash dividends | $8,969 |
Acnb Bank's interest expense for loans was $5,777,000.
Acnb Bank's payroll and benefits expense were $32,680,000.
Acnb Bank's property, plant and equipment expenses $9,945,000.
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 | 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 | $2,441,127 |
| Deposits held in domestic offices | $2,441,127 |
| Deposits by Individuals, partnerships, and corporations | $2,114,741 |
| Deposits by U.S. Government | $42 |
| Deposits by States and political subdivisions in the U.S. | $325,102 |
| Deposits by Commercial banks and other depository institutions in U.S. | $1,242 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $229,974 |
| Demand deposits | $127,687 |
| Nontransaction accounts | $2,211,153 |
| Money market deposit accounts (MMDAs) | $347,678 |
| Other savings deposits (excluding MMDAs) | $1,433,423 |
| Total time deposits | $430,052 |
| Total time and savings deposits | $2,313,440 |
| Noninterest-bearing deposits | $87,288 |
| Interest-bearing deposits | $2,353,839 |
| Retail deposits | $2,333,930 |
| IRAs and Keogh plan accounts | $78,296 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $2,772,684 |
| Cash & Balances due from depository institutions | $710,131 |
| Interest-bearing balances | $695,219 |
| Total securities | $444,588 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $1,451,587 |
| Loan and leases loss allowance | $19,033 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $33,018 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $38,921 |
| All other assets | $94,439 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $2,772,684 |
| Total Liabilities | $2,505,701 |
| Total deposits | $2,441,127 |
| Interest-bearing deposits | $2,353,839 |
| Deposits held in domestic offices | $2,441,127 |
| % insured (estimated) | $85 |
| Federal funds purchased and repurchase agreements | $35,202 |
| Trading liabilities | $0 |
| Other borrowed funds | $14,270 |
| Subordinated debt | $0 |
| All other liabilities | $15,102 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $1,451,587 |
| Loan and leases loss allowance | $19,033 |
| Total loans and leases (domestic) | $1,470,620 |
| All real estate loans | $1,280,336 |
| Real estate loans in domestic offices | $1,280,336 |
| Construction and development loans | $52,450 |
| Residential 1-4 family construction | $14,683 |
| Other construction, all land development and other land | $37,767 |
| Loans secured by nonfarm nonresidential properties | $652,417 |
| Nonfarm nonresidential secured by owner-occupied properties | $300,449 |
| Commercial real estate & other non-farm, non-residential | $351,968 |
| Multifamily residential real estate | $50,231 |
| 1-4 family residential loans | $441,631 |
| Farmland loans | $83,607 |
| Loans held in foreign offices | $0 |
| Farm loans | $5,928 |
| Commercial and industrial loans | $110,405 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $10,718 |
| Credit card loans | $0 |
| Related Plans | $4,284 |
| Consumer Auto Loans | $454 |
| Other loans to individuals | $5,980 |
| All other loans & leases | $63,233 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $410 |
| 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 | $3,574 |
| Non 1-4 family restructured loans & leases | $3,574 |
| Total loans and leases (foreign) | $0 |
ACNB Bank had $1,451,587,000 of loans outstanding in 2021. $1,280,336,000 of loans were in real estate loans. $52,450,000 of loans were in development loans. $50,231,000 of loans were in multifamily mortgage loans. $441,631,000 of loans were in 1-4 family mortgage loans. $5,928,000 of loans were in farm loans. $0 of loans were in credit card loans. $454,000 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 | 899 | $225,460 | $250,790 |
| Nonfarm, nonresidential loans - <$100k | 141 | $4,166 | $29,546 |
| Nonfarm, nonresidential loans - $100-250k | 261 | $31,158 | $119,379 |
| Nonfarm, nonresidential loans - $250k-1MM | 497 | $190,136 | $382,567 |
| Commercial & Industrial, US addressed loans - <$1MM | 1,309 | $75,144 | $57,406 |
| Commercial & Industrial, US addressed loans - <$100k | 896 | $19,042 | $21,252 |
| Commercial & Industrial, US addressed loans - $100-250k | 230 | $19,925 | $86,630 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 183 | $36,177 | $197,689 |
| Farmland loans - <$1MM | 188 | $30,743 | $163,527 |
| Farmland loans - <$100k | 44 | $1,368 | $31,091 |
| Farmland loans - $100-250k | 76 | $10,056 | $132,316 |
| Farmland loans - $250k-1MM | 68 | $19,319 | $284,103 |
| Agriculture operations loans - <$1MM | 123 | $4,948 | $40,228 |
| Agriculture operations loans - <$100k | 99 | $2,425 | $24,495 |
| Agriculture operations loans - $100-250k | 19 | $1,502 | $79,053 |
| Agriculture operations loans - $250k-1MM | 5 | $1,021 | $204,200 |
