Woodsboro Bank Mortgage Rates, Fees & Info

Woodsboro, MD

LEI: 549300BM1JKSQR7HI756

Tax ID: 52-0535830

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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

    Woodsboro Bank is a smaller bank specializing in Refi and Home Purchase loans. Woodsboro Bank has a high proportion of conventional loans. Their top markets by origination volume include: Washington, Hagerstown, Baltimore, and Gettysburg among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Woodsboro 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.

    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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    Originations

    50

    Origination Dollar Volume (All Markets)

    $13,740,000

    Employee count

    63

    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
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 35 $11,315,000 $323,286 $0 0.00%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 10 $1,300,000 $130,000 $0 0.00%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 4 $1,020,000 $255,000 $0 0.00%
    GETTYSBURG, PA (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
    Woodsboro Bank's top markets include Washington, Hagerstown, Baltimore, and Gettysburg among others.

    Their top states include:
  • Maryland (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • West Virginia (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Woodsboro Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Bank of Clarke County
    Similarity Rank: 320
    LIBRARY OF CONGRESS
    Similarity Rank: 448
    Mid-Atlantic Federal Credit Union
    Similarity Rank: 450
    Third Federal Savings and Loan Association of Cleveland
    Similarity Rank: 614
    EDUCATIONAL SYSTEMS
    Similarity Rank: 693
    JOHNSON MORTGAGE COMPANY, L.L.C.
    Similarity Rank: 1220
    IDB Global Federal Credit Union
    Similarity Rank: 1240
    City National Bank of West Virginia
    Similarity Rank: 1482
    Poli Mortgage Group, Inc.
    Similarity Rank: 1596
    IAPPROVE LENDING
    Similarity Rank: 1740

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 50 $13,740,000 $274,800 $0 0.00%

    For 2018, Woodsboro Bank's most frequently originated type of loan was Conventional, with 50 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 23 $4,525,000 $196,739 $0 0.00%
    Home Purchase 22 $7,680,000 $349,091 $0 0.00%
    Cash Out Refi 4 $1,520,000 $380,000 $0 0.00%
    Home Improvement 1 $15,000 $15,000 $0 0.00%

    For 2018, Woodsboro Bank's most frequently cited loan purpose was Refi, with 23 originations. The 2nd most popular reason was Home Purchase, with 22 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 50 $13,740,000 $274,800 $0 0.00%

    For 2018, Woodsboro Bank's most frequently cited loan duration was Other, with 50 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 21 $3,005,000 $143,095 $0 0.00%
    $100,000 or less 8 $460,000 $57,500 $0 0.00%
    $200k-400k 8 $2,160,000 $270,000 $0 0.00%
    $400k-600k 8 $3,750,000 $468,750 $0 0.00%
    $600k-1MM 3 $2,295,000 $765,000 $0 0.00%
    $1MM+ 2 $2,070,000 $1,035,000 $0 0.00%

    2018 saw Woodsboro Bank place emphasis on $100k-200k loans with 21 originations, totaling $3,005,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 7 $1,215,000 $173,571 $0 0.00%
    $100k-150k 6 $1,510,000 $251,667 $0 0.00%
    $150k-250k 6 $2,390,000 $398,333 $0 0.00%
    $250k+ 4 $2,930,000 $732,500 $0 0.00%
    $50k or less 3 $135,000 $45,000 $0 0.00%
    $75k-100k 3 $555,000 $185,000 $0 0.00%

    Woodsboro Bank lent most frequently to those with incomes in the $50k-75k range, with 7 originations. The second most popular income band? $100k-150k, with 6 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 50 $13,740,000 $274,800 $0 0.00%

    Woodsboro Bank lent most frequently to those with DTI ratios of Exempt%, with 50 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 30 $8,790,000 $293,000 $0 0.00%
    Not applicable 17 $3,915,000 $230,294 $0 0.00%
    Not provided 3 $1,035,000 $345,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    98.28%

    Woodsboro 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
    88.00%

    Woodsboro Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 50 $13,740,000 $274,800

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 5 $2,045,000 $409,000
    Single Family (1-4 Units):Site-Built 45 $11,695,000 $259,889

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Woodsboro Bank 143 Frederick Road Thurmont, MD 21788 Full Service B&M $65,992
    Woodsboro Bank 4-6 West Patrick Street Frederick, MD 21701 Full Service B&M $23,269
    Woodsboro Bank 40 West Patrick Street Frederick, MD 21701 Full Service B&M $21,597
    Woodsboro Bank 5 North Main Street Woodsboro, MD 21798 Full Service B&M $70,099
    Woodsboro Bank 7360 Guilford Drive, Suite 100 Frederick, MD 21704 Full Service B&M $15,116
    Woodsboro Bank 7407 Willow Road Frederick, MD 21702 Full Service B&M $6,303
    Woodsboro Bank 900 East Street Frederick, MD 21701 Full Service B&M $29,958

    For 2018, Woodsboro Bank had 7 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $8,971
    Net interest income $8,376
    Total noninterest income $1,335
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $527
    Trading account gains and fees $0
    Additional Noninterest Income $808
    Pre-tax net operating income $1,468
    Securities gains (or losses, -) $8
    Income before extraordinary items $1,166
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $1,166
    Minority interest net income $0
    Net income $1,166
    Sale, conversion, retirement of capital stock, net $-157
    Net operating income $1,159

    Woodsboro Bank's gross interest income from loans was $8,971,000.
    Woodsboro Bank's net interest income from loans was $8,376,000.
    Woodsboro Bank's fee based income from loans was $527,000.
    Woodsboro Bank's net income from loans was $1,166,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $595
    Provision for credit losses $0
    Total noninterest expense $8,243
    Salaries and employee benefits $4,712
    Premises and equipment expense $1,179
    Additional noninterest expense $2,352
    Applicable income taxes $310
    Net charge-offs $-29
    Cash dividends $49

    Woodsboro Bank's interest expense for loans was $595,000.
    Woodsboro Bank's payroll and benefits expense were $4,712,000.
    Woodsboro Bank's property, plant and equipment expenses $1,179,000.

    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 1.0%
    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 $226,339
    Deposits held in domestic offices $226,339
    Deposits by Individuals, partnerships, and corporations $223,499
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $2,686
    Deposits by Commercial banks and other depository institutions in U.S. $154
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $94,634
    Demand deposits $78,669
    Nontransaction accounts $131,705
    Money market deposit accounts (MMDAs) $48,958
    Other savings deposits (excluding MMDAs) $34,431
    Total time deposits $48,316
    Total time and savings deposits $147,670
    Noninterest-bearing deposits $78,669
    Interest-bearing deposits $147,670
    Retail deposits $216,278
    IRAs and Keogh plan accounts $7,944
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $251,406
    Cash & Balances due from depository institutions $6,527
    Interest-bearing balances $2,020
    Total securities $84,643
    Federal funds sold & reverse repurchase $0
    Net loans and leases $148,731
    Loan and leases loss allowance $2,124
    Trading account assets $0
    Bank premises and fixed assets $3,107
    Other real estate owned $252
    Goodwill and other intangibles $0
    All other assets $8,146

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $251,406
    Total Liabilities $230,114
    Total deposits $226,339
    Interest-bearing deposits $147,670
    Deposits held in domestic offices $226,339
    % insured (estimated) $86
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $3,000
    Subordinated debt $0
    All other liabilities $775

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $148,731
    Loan and leases loss allowance $2,124
    Total loans and leases (domestic) $150,855
    All real estate loans $136,376
    Real estate loans in domestic offices $136,376
    Construction and development loans $11,932
    Residential 1-4 family construction $10,084
    Other construction, all land development and other land $1,848
    Loans secured by nonfarm nonresidential properties $54,533
    Nonfarm nonresidential secured by owner-occupied properties $26,729
    Commercial real estate & other non-farm, non-residential $27,804
    Multifamily residential real estate $7,199
    1-4 family residential loans $59,320
    Farmland loans $3,392
    Loans held in foreign offices $0
    Farm loans $89
    Commercial and industrial loans $12,668
    To non-U.S. addressees $0
    Loans to individuals $941
    Credit card loans $0
    Related Plans $147
    Consumer Auto Loans $46
    Other loans to individuals $748
    All other loans & leases $781
    Loans to foreign governments and official institutions $0
    Other loans $380
    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 $2,326
    Non 1-4 family restructured loans & leases $1,433
    Total loans and leases (foreign) $0

    Woodsboro Bank had $148,731,000 of loans outstanding in 2018. $136,376,000 of loans were in real estate loans. $11,932,000 of loans were in development loans. $7,199,000 of loans were in multifamily mortgage loans. $59,320,000 of loans were in 1-4 family mortgage loans. $89,000 of loans were in farm loans. $0 of loans were in credit card loans. $46,000 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 116 $33,528 $289,034
    Nonfarm, nonresidential loans - <$100k 14 $468 $33,429
    Nonfarm, nonresidential loans - $100-250k 32 $4,657 $145,531
    Nonfarm, nonresidential loans - $250k-1MM 70 $28,403 $405,757
    Commercial & Industrial, US addressed loans - <$1MM 143 $12,335 $86,259
    Commercial & Industrial, US addressed loans - <$100k 86 $2,011 $23,384
    Commercial & Industrial, US addressed loans - $100-250k 36 $4,325 $120,139
    Commercial & Industrial, US addressed loans - $250k-1MM 21 $5,999 $285,667
    Farmland loans - <$1MM 8 $1,262 $157,750
    Farmland loans - $100-250k 4 $465 $116,250
    Farmland loans - $250k-1MM 4 $797 $199,250
    Agriculture operations loans - <$1MM 3 $89 $29,667
    Agriculture operations loans - <$100k 3 $89 $29,667