Acnb Bank Mortgage Rates, Fees & Info

Gettysburg, PA

LEI: 5493005CFFMKTUKLO381

Tax ID: 23-0581360

5 stars - out of 5 stars, based on 33 reviews

2021 Data | 2020 Data | 2019 Data | 2018 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

1,080

Origination Dollar Volume (All Markets)

$219,170,000

Employee count

360 Show all (10) awards

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 applications
84.23%

Acnb Bank has a below average approval rate.

Pick Rate

Approvals leading to origination
84.89%

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